1 00:00:00,240 --> 00:00:02,480 Speaker 1: Hello, and welcome to another episode of The Mark Mass Show. 2 00:00:02,520 --> 00:00:04,800 Speaker 1: We're always talking about the way the world is changing, 3 00:00:04,880 --> 00:00:07,440 Speaker 1: of course, as we looked at through the lens of politics, finance, 4 00:00:07,480 --> 00:00:09,000 Speaker 1: and technology, and I want to bring to you some 5 00:00:09,000 --> 00:00:11,160 Speaker 1: of the latest breaking news headlines so you can see 6 00:00:11,960 --> 00:00:14,160 Speaker 1: the way the world is changing. It looks like things 7 00:00:14,200 --> 00:00:18,280 Speaker 1: don't change. A lot of people are disappointed in the 8 00:00:18,280 --> 00:00:21,360 Speaker 1: direction the world is going. Some people are happy about it. 9 00:00:21,400 --> 00:00:23,279 Speaker 1: Most people are disappointed in the way the world is going, 10 00:00:23,320 --> 00:00:25,799 Speaker 1: and it doesn't seem like any change is happening. I 11 00:00:25,840 --> 00:00:28,760 Speaker 1: talk about this pendulum that swings, but unfortunately the pendulum 12 00:00:28,800 --> 00:00:31,800 Speaker 1: swings as we go from one ideology to the next, 13 00:00:31,880 --> 00:00:33,600 Speaker 1: but it happens over a two and in fifty year period, 14 00:00:33,640 --> 00:00:35,199 Speaker 1: and so it's important to sort of look at the 15 00:00:35,280 --> 00:00:38,640 Speaker 1: signs so you can see it happening. And what we've 16 00:00:38,640 --> 00:00:40,800 Speaker 1: been talking about I've talked about extensively over the last 17 00:00:40,800 --> 00:00:42,080 Speaker 1: couple of weeks, but I want to hit on it 18 00:00:42,120 --> 00:00:47,800 Speaker 1: again today is the massive shift that's happening down in Argentina. 19 00:00:48,479 --> 00:00:49,920 Speaker 1: And the reason why I want to talk about this 20 00:00:49,960 --> 00:00:53,199 Speaker 1: again is because things are actually starting to happen and 21 00:00:53,240 --> 00:00:55,440 Speaker 1: I want to talk about them and more more specifically, 22 00:00:56,400 --> 00:00:59,960 Speaker 1: the new president meally has done several things since we 23 00:01:00,000 --> 00:01:02,600 Speaker 1: we've talked about this last including he gave a talk 24 00:01:02,800 --> 00:01:07,160 Speaker 1: yesterday at the signing of some new bills that radically 25 00:01:07,200 --> 00:01:11,040 Speaker 1: transforms the country. And most importantly, I believe this sets 26 00:01:11,080 --> 00:01:14,120 Speaker 1: up a template. It sets up an example for the 27 00:01:14,160 --> 00:01:15,759 Speaker 1: rest of the world to follow. And so while it's 28 00:01:15,800 --> 00:01:19,680 Speaker 1: easy to sort of get discouraged by things that are happening, 29 00:01:19,840 --> 00:01:24,440 Speaker 1: like how the United States is falling into authoritarianism by 30 00:01:24,640 --> 00:01:27,560 Speaker 1: you know, trying to get rid of a democratically you know, 31 00:01:27,600 --> 00:01:30,680 Speaker 1: the democratically elected leader or not even elected at this point, 32 00:01:30,720 --> 00:01:33,840 Speaker 1: but the front runner in the next democratic election, or 33 00:01:33,920 --> 00:01:38,720 Speaker 1: how Europe is putting in censorship policies onto their internet 34 00:01:38,760 --> 00:01:41,520 Speaker 1: to make them basically like China with a great firewall. Well, 35 00:01:41,720 --> 00:01:43,600 Speaker 1: what's easy to be discouraged by that. We can see 36 00:01:43,680 --> 00:01:45,480 Speaker 1: other bright spots until we want to hang on to that. 37 00:01:45,520 --> 00:01:49,360 Speaker 1: And what am I talking about specifically, So again, Argentina 38 00:01:49,400 --> 00:01:54,320 Speaker 1: elected a new president president meediately. Now to one thing 39 00:01:54,360 --> 00:01:56,680 Speaker 1: that shocks me about this but also gives me hope 40 00:01:56,720 --> 00:02:00,640 Speaker 1: is I always believed that once you have a democracy, 41 00:02:00,680 --> 00:02:03,280 Speaker 1: which is mob rule, once the mob once fifty one 42 00:02:03,280 --> 00:02:06,360 Speaker 1: percent or more is able to vote themselves more things. 43 00:02:07,040 --> 00:02:09,560 Speaker 1: They will continue to do that. I mean, why would 44 00:02:09,560 --> 00:02:12,600 Speaker 1: they ever vote to get less things? If you could 45 00:02:12,680 --> 00:02:14,720 Speaker 1: vote instead of getting two thousand dollars a month, if 46 00:02:14,720 --> 00:02:16,760 Speaker 1: you could vote yourself three thousand dollars a month, why 47 00:02:16,760 --> 00:02:19,799 Speaker 1: wouldn't you that I'll take the free money. And if 48 00:02:19,800 --> 00:02:21,760 Speaker 1: you now got three thousand months, why would you vote 49 00:02:21,800 --> 00:02:23,800 Speaker 1: to go back down to two thousand or one thousand? 50 00:02:23,840 --> 00:02:25,600 Speaker 1: And of course you wouldn't. And so that's sort of 51 00:02:25,639 --> 00:02:28,000 Speaker 1: the thought process there, if you understand sort of these incentives. 52 00:02:28,040 --> 00:02:33,280 Speaker 1: But here we have Argentina elect the president who ran 53 00:02:33,320 --> 00:02:35,679 Speaker 1: on a campaign to basically get rid of all that, 54 00:02:35,720 --> 00:02:38,239 Speaker 1: to shrink the size the government and get rid of 55 00:02:38,320 --> 00:02:40,880 Speaker 1: all these government handouts, all these government subsidies and all 56 00:02:40,919 --> 00:02:44,200 Speaker 1: these things that the people wanted. So I never thought 57 00:02:44,200 --> 00:02:47,680 Speaker 1: this would be able to happen. Now what happens is, unfortunately, 58 00:02:47,680 --> 00:02:50,320 Speaker 1: with human nature, is that we only move and react 59 00:02:50,360 --> 00:02:53,240 Speaker 1: when pain gets high enough. It's why I believe in 60 00:02:53,240 --> 00:02:55,360 Speaker 1: going to the chiropractor. I believe in the importance of 61 00:02:55,400 --> 00:02:58,520 Speaker 1: having a structurally correct spine so I don't impinge on 62 00:02:58,520 --> 00:03:01,080 Speaker 1: my nerves things like that. But yet I don't typically 63 00:03:01,080 --> 00:03:03,840 Speaker 1: go and tell him in pain, and I might be 64 00:03:03,880 --> 00:03:05,240 Speaker 1: in a little bit of pain and I may not go. 65 00:03:05,280 --> 00:03:07,760 Speaker 1: If I'm in enough pain, I'll go right now. So 66 00:03:07,840 --> 00:03:09,400 Speaker 1: we only move when there's enough pain. Sometimes we have 67 00:03:09,400 --> 00:03:12,480 Speaker 1: to hit rock bottom. And maybe Argentina hit the rock bottom. 68 00:03:12,480 --> 00:03:14,160 Speaker 1: Maybe that was rock bottom, and maybe the United States 69 00:03:14,200 --> 00:03:16,240 Speaker 1: is a long way from rock bottom. Argentina has been 70 00:03:16,240 --> 00:03:18,680 Speaker 1: at rock bottom for years. Probably we'll talk about some 71 00:03:18,720 --> 00:03:21,400 Speaker 1: of that here in a minute. But he gave a 72 00:03:21,440 --> 00:03:25,000 Speaker 1: talk that I wanted to play for some of it 73 00:03:25,040 --> 00:03:26,480 Speaker 1: for you, but it was in Spanish and I had 74 00:03:26,480 --> 00:03:28,960 Speaker 1: to read the transcription of it and I wasn't able 75 00:03:28,960 --> 00:03:31,360 Speaker 1: to get it played. I know with AI we can 76 00:03:31,400 --> 00:03:32,880 Speaker 1: probably do it where I could get a transcriber, you 77 00:03:32,880 --> 00:03:34,200 Speaker 1: could listen to it. But let me just tell you 78 00:03:34,200 --> 00:03:36,920 Speaker 1: some of the pieces that I heard him talk about 79 00:03:36,920 --> 00:03:39,800 Speaker 1: that that really surprised me. So the first thing is 80 00:03:39,880 --> 00:03:42,400 Speaker 1: he talked about, well, before we talk about that, let's 81 00:03:42,400 --> 00:03:45,320 Speaker 1: talk about what he's actually done. We'll talk about what 82 00:03:45,320 --> 00:03:48,720 Speaker 1: he did. So he basically in this speech that he 83 00:03:48,760 --> 00:03:50,320 Speaker 1: gave as he was signing this bill, which I'll tell 84 00:03:50,320 --> 00:03:53,520 Speaker 1: you what it was, he talked about what he was 85 00:03:53,560 --> 00:03:57,080 Speaker 1: doing to change. More specifically, he talked about the problems 86 00:03:57,120 --> 00:04:01,160 Speaker 1: that he's there to solve, and I was shocked by 87 00:04:01,200 --> 00:04:05,640 Speaker 1: what I was very pleased by is he seemingly identified 88 00:04:05,680 --> 00:04:09,640 Speaker 1: the problem very very well, very very specifically. And what 89 00:04:09,640 --> 00:04:12,240 Speaker 1: do I mean by that? He basically said that what 90 00:04:12,320 --> 00:04:17,520 Speaker 1: we have been suffering from in Argentina is he called 91 00:04:17,560 --> 00:04:24,960 Speaker 1: them all socialism, communism, fascism, authoritarianism, and all of these 92 00:04:25,080 --> 00:04:28,159 Speaker 1: are collectivism. You see. So what happens what we have 93 00:04:28,240 --> 00:04:30,400 Speaker 1: today and legacy media and so forth, is they try 94 00:04:30,440 --> 00:04:33,640 Speaker 1: to say that, oh, Donald Trump or whatever, these extreme 95 00:04:33,960 --> 00:04:38,279 Speaker 1: far rights are fascist, extreme far right, like Trump is fascist. 96 00:04:38,920 --> 00:04:43,560 Speaker 1: And then we have the socialist the squad, the Bernie Sanders, 97 00:04:43,600 --> 00:04:49,200 Speaker 1: the aocs, they're socialist. So socialism is left and fascism 98 00:04:49,320 --> 00:04:53,480 Speaker 1: is hard right, and they're trying to draw this this distinction, 99 00:04:53,680 --> 00:04:56,240 Speaker 1: sort of this divide and conquer. But me Alia says, no, no, 100 00:04:56,480 --> 00:04:59,279 Speaker 1: all of that is the same. All of that is collectivists. 101 00:04:59,680 --> 00:05:03,760 Speaker 1: And he's said, those collectivists collectively think that the state 102 00:05:04,200 --> 00:05:07,120 Speaker 1: is greater than the sum of the people. You see, 103 00:05:07,160 --> 00:05:09,440 Speaker 1: there is no such thing as a state. There is 104 00:05:09,680 --> 00:05:13,040 Speaker 1: you and I, there is we, the people. You and 105 00:05:13,080 --> 00:05:15,280 Speaker 1: I have God given rights, as is laid out in 106 00:05:15,320 --> 00:05:19,039 Speaker 1: the Constitution of the United States, inalienable God given rights, 107 00:05:19,080 --> 00:05:23,440 Speaker 1: a right to pursue life, liberty, and property, or happiness 108 00:05:23,480 --> 00:05:25,920 Speaker 1: as it's said today. And those are rights that we're 109 00:05:25,920 --> 00:05:27,839 Speaker 1: given to us by a creator, not by man. And 110 00:05:27,880 --> 00:05:29,680 Speaker 1: now we have the right to those And I have 111 00:05:29,720 --> 00:05:33,520 Speaker 1: the right to defend my right to life, liberty, and property. 112 00:05:33,920 --> 00:05:37,560 Speaker 1: And collectively, you and I as neighbors could collectively defend 113 00:05:37,640 --> 00:05:40,320 Speaker 1: our right to life, liberty, and property. And collectively, as 114 00:05:40,320 --> 00:05:43,680 Speaker 1: a city, we could come together to protect our right 115 00:05:43,760 --> 00:05:46,800 Speaker 1: to those things. But there is no city. There is 116 00:05:46,800 --> 00:05:50,159 Speaker 1: no state. There's us that come together to collectively work 117 00:05:50,160 --> 00:05:52,800 Speaker 1: on things, but there's no state. And he says, these 118 00:05:52,839 --> 00:05:55,920 Speaker 1: collectivists think that the state is greater than the people, 119 00:05:56,040 --> 00:05:58,560 Speaker 1: but that's not the case. Remember, the government in the 120 00:05:58,600 --> 00:06:02,960 Speaker 1: United States is of the people, buy the people for 121 00:06:03,080 --> 00:06:05,360 Speaker 1: the people. Today we have these Elizabeth Warrens, and they're 122 00:06:05,400 --> 00:06:08,360 Speaker 1: saying that they want to push policies that the people 123 00:06:08,400 --> 00:06:11,840 Speaker 1: don't want because they know better. A technocrat, they're the expert, 124 00:06:11,960 --> 00:06:14,760 Speaker 1: they know better. The state knows better. And he says, no, 125 00:06:14,839 --> 00:06:17,760 Speaker 1: the state doesn't. He says that the state thinks that 126 00:06:17,839 --> 00:06:22,520 Speaker 1: they're God. They know better, they can plan the minutia. 127 00:06:22,560 --> 00:06:24,160 Speaker 1: They want to plan the minutia. They think they can 128 00:06:24,200 --> 00:06:28,440 Speaker 1: plan the minutia, that every detail of everybody's life in Argentina. 129 00:06:28,480 --> 00:06:30,400 Speaker 1: But it's about Argentina, it's about the rest of the world. 130 00:06:30,920 --> 00:06:34,120 Speaker 1: He goes on to say that you know this, this 131 00:06:34,240 --> 00:06:36,040 Speaker 1: being the problem that they can control that. He says, 132 00:06:36,080 --> 00:06:38,800 Speaker 1: in free countries like in America, in the Land of 133 00:06:38,800 --> 00:06:43,160 Speaker 1: the Free, you are free to do everything and anything 134 00:06:43,560 --> 00:06:47,440 Speaker 1: unless there's a law prohibiting you from doing the thing. 135 00:06:48,240 --> 00:06:50,480 Speaker 1: But in Argentina, and what we're starting to see in 136 00:06:50,520 --> 00:06:52,400 Speaker 1: the West in the United States as well, but he says, 137 00:06:52,440 --> 00:06:56,480 Speaker 1: in Argentina, you're not free to do anything unless you've 138 00:06:56,520 --> 00:07:00,520 Speaker 1: been given specific permission to do it. The difference there 139 00:07:02,000 --> 00:07:05,320 Speaker 1: in Argentina, there's so many rules, so many laws, so 140 00:07:05,360 --> 00:07:09,720 Speaker 1: many regulations that you cannot do anything without permission. Now 141 00:07:09,760 --> 00:07:12,840 Speaker 1: in America, in the Land of the Free, where I live, 142 00:07:13,440 --> 00:07:16,520 Speaker 1: you can't even go have a birthday party for your 143 00:07:16,680 --> 00:07:20,760 Speaker 1: kid in the park without getting a permit. And not 144 00:07:20,800 --> 00:07:23,400 Speaker 1: only do you have to get a permit if you 145 00:07:23,480 --> 00:07:27,240 Speaker 1: wanted to have balloons there or somebody comes for food, 146 00:07:27,560 --> 00:07:31,920 Speaker 1: you have to use one of the approved vendors. Sounds 147 00:07:31,960 --> 00:07:34,040 Speaker 1: sort of like Argentina. So we're not free to just 148 00:07:34,080 --> 00:07:36,320 Speaker 1: go have a birthday party for my partner. I have 149 00:07:36,400 --> 00:07:39,160 Speaker 1: to get permission. This is what immediately is talking about, 150 00:07:39,280 --> 00:07:42,360 Speaker 1: and he was able to identify this so articularly. It's 151 00:07:42,400 --> 00:07:43,920 Speaker 1: also the point that I made in my book, The 152 00:07:44,040 --> 00:07:47,280 Speaker 1: Uncommunist Manifesto. Highly recommend you read this because we make 153 00:07:47,320 --> 00:07:51,680 Speaker 1: the exact same book all politics as collectivists, and it's 154 00:07:51,720 --> 00:07:55,280 Speaker 1: in stark contrast or in opposition to the individual, which 155 00:07:55,320 --> 00:07:57,080 Speaker 1: is you and I. Now, a couple of things that 156 00:07:57,120 --> 00:08:01,440 Speaker 1: he did, just to talk about that real quickly, a 157 00:08:01,440 --> 00:08:05,720 Speaker 1: lot of things, but basically he's basically eliminated like half 158 00:08:05,760 --> 00:08:09,880 Speaker 1: of the government, all of these ministries of fill in 159 00:08:09,920 --> 00:08:11,960 Speaker 1: the blank. He's just gotten rid of them. He went 160 00:08:12,000 --> 00:08:16,320 Speaker 1: around on his campaign trail with a chainsaw. He's eliminated 161 00:08:16,960 --> 00:08:19,840 Speaker 1: about half of the government. He's gotten rid of over 162 00:08:20,000 --> 00:08:24,400 Speaker 1: three hundred and eighty thousand regulations. Three hundred and eighty 163 00:08:24,480 --> 00:08:27,680 Speaker 1: thousand regulations. Now, when Donald Trump ran, he ran on 164 00:08:27,760 --> 00:08:29,880 Speaker 1: a campaign I think his promise was to get rid 165 00:08:29,920 --> 00:08:33,600 Speaker 1: of three regulations for every new one that got enacted. 166 00:08:33,640 --> 00:08:36,720 Speaker 1: I believe he actually beat that, but merely just went 167 00:08:36,720 --> 00:08:38,560 Speaker 1: into that hold my beer. Here's three hundred and eighty 168 00:08:38,600 --> 00:08:41,840 Speaker 1: thousand that I'm getting rid of right now. He's repeeled 169 00:08:41,880 --> 00:08:46,200 Speaker 1: all types of laws that are holding things back, rental laws, 170 00:08:46,200 --> 00:08:54,120 Speaker 1: supply laws, gondola laws, national purchase laws, price laws, price fixing, 171 00:08:54,920 --> 00:09:01,040 Speaker 1: trade promotion laws, industrial promotion laws, state company laws, transformation 172 00:09:01,080 --> 00:09:05,200 Speaker 1: of state companies into public companies, modernization of labor regimes, 173 00:09:05,200 --> 00:09:08,040 Speaker 1: and on and on and on. Basically, it's back to 174 00:09:08,160 --> 00:09:10,600 Speaker 1: sort of like the quote from ein RAN's book at 175 00:09:10,640 --> 00:09:14,360 Speaker 1: La Shrug, when you have to get permission from men 176 00:09:14,440 --> 00:09:17,280 Speaker 1: who produce nothing, and in Argentina you couldn't do anything 177 00:09:17,280 --> 00:09:20,600 Speaker 1: without producing nothing. He has seen the problem clearly, he's 178 00:09:20,640 --> 00:09:24,360 Speaker 1: solving the problem clearly. I applaud it, and I want 179 00:09:24,400 --> 00:09:26,360 Speaker 1: to continue to talk about it because I think this 180 00:09:26,400 --> 00:09:29,200 Speaker 1: is the greatest experiment in the world going on today 181 00:09:29,400 --> 00:09:31,880 Speaker 1: that fills me with hope, hopefully it fills you with hope, 182 00:09:31,960 --> 00:09:35,480 Speaker 1: and hopefully it leads the rest of the world. By example, 183 00:09:35,720 --> 00:09:37,200 Speaker 1: if you're just tune in you're listening to the Mark 184 00:09:37,240 --> 00:09:38,800 Speaker 1: Mass Show. I'll be back with more in a minute 185 00:09:38,800 --> 00:09:40,559 Speaker 1: after a very quick break. Don't go away up here back. 186 00:09:40,600 --> 00:09:42,000 Speaker 1: All right, welcome back. If you're just tune in, you're 187 00:09:42,000 --> 00:09:44,280 Speaker 1: listening to the Mark mass Show. We're always talking about 188 00:09:44,520 --> 00:09:46,840 Speaker 1: the way the world is changing. We're talking about some 189 00:09:46,880 --> 00:09:49,800 Speaker 1: of the latest breaking news headlines this week, and of 190 00:09:49,840 --> 00:09:52,079 Speaker 1: course when we're talking about freedom, we were just talking 191 00:09:52,120 --> 00:09:55,160 Speaker 1: about Argentina and what Mela is doing there. He also 192 00:09:55,320 --> 00:09:58,240 Speaker 1: passed a rule down there that people could use whatever 193 00:09:58,360 --> 00:10:02,720 Speaker 1: money they want, including bitcoin, similar to what happened in 194 00:10:02,720 --> 00:10:05,360 Speaker 1: El savad Or. El Salvador made bitcoin legal tender, so 195 00:10:05,440 --> 00:10:08,040 Speaker 1: you can use dollars there. You can also use bitcoin there, 196 00:10:08,720 --> 00:10:12,320 Speaker 1: and in Argentina, Meile also said you could use bitcoin 197 00:10:12,360 --> 00:10:17,400 Speaker 1: if you want. Why wouldn't you be able to? I mean, 198 00:10:17,440 --> 00:10:19,120 Speaker 1: in a free country, you should able to use whatever 199 00:10:19,160 --> 00:10:20,360 Speaker 1: money you want. I don't know, I have to pass 200 00:10:20,400 --> 00:10:22,400 Speaker 1: a law for that, but I think it's pretty amazing. 201 00:10:22,640 --> 00:10:24,280 Speaker 1: At the same time, we're seeing here in the United 202 00:10:24,320 --> 00:10:31,040 Speaker 1: States of sort of this push and pull tug of war, 203 00:10:31,160 --> 00:10:34,160 Speaker 1: if you will, about bitcoin as well. We have on 204 00:10:34,280 --> 00:10:36,160 Speaker 1: one hand of the asle we've been talking about extensively 205 00:10:36,160 --> 00:10:38,920 Speaker 1: over the last couple of weeks, we have the rise 206 00:10:38,960 --> 00:10:41,280 Speaker 1: of these ETFs that look like they're about to go 207 00:10:41,320 --> 00:10:43,320 Speaker 1: through potentially by the time you listen to this recording, 208 00:10:43,400 --> 00:10:46,800 Speaker 1: they could be up in the next days, weeks, potentially 209 00:10:46,840 --> 00:10:49,800 Speaker 1: in the last month or in the next month, multiple 210 00:10:49,800 --> 00:10:54,360 Speaker 1: ETFs could be approved, which looks like they're allowing bitcoin 211 00:10:54,440 --> 00:10:56,400 Speaker 1: to grow, allowing bitcoin to flourish. And then on the 212 00:10:56,440 --> 00:10:58,320 Speaker 1: other side of the aisle, you have Elizabeth Warren on 213 00:10:58,320 --> 00:11:00,560 Speaker 1: this rampage trying to put in these draconia and laws 214 00:11:00,960 --> 00:11:07,319 Speaker 1: that would literally make could make bitcoin illegal. So are 215 00:11:07,320 --> 00:11:08,880 Speaker 1: we trying to make it illegal? We're trying to are 216 00:11:08,880 --> 00:11:10,520 Speaker 1: we trying to pass it? What? What are we trying 217 00:11:10,559 --> 00:11:12,880 Speaker 1: to do here? We're seeing this tug of war. If 218 00:11:12,880 --> 00:11:15,360 Speaker 1: I had to guess, it looks like, in my opinion, 219 00:11:15,400 --> 00:11:18,320 Speaker 1: what they're trying to do is, on one hand, make 220 00:11:18,360 --> 00:11:21,199 Speaker 1: it legal for these Wall Street entities to make money 221 00:11:21,200 --> 00:11:24,200 Speaker 1: from it, but the Wall Street entities aren't actually even 222 00:11:24,360 --> 00:11:28,319 Speaker 1: buying and selling bitcoin. All these ETFs have now had 223 00:11:28,360 --> 00:11:30,400 Speaker 1: to change the way they work, so they're not going 224 00:11:30,440 --> 00:11:34,280 Speaker 1: to be buying selling bitcoinymore. Now they'll be cash settling, 225 00:11:34,559 --> 00:11:37,680 Speaker 1: which means you're basically just giving them cash and they're 226 00:11:37,679 --> 00:11:40,440 Speaker 1: paying you out with cash not bitcoin, and you're just 227 00:11:40,559 --> 00:11:43,920 Speaker 1: basically betting on the direction of bitcoin, sort of like 228 00:11:43,960 --> 00:11:46,760 Speaker 1: a futures market you see in an ETF. They should 229 00:11:46,760 --> 00:11:48,960 Speaker 1: be holding it, it should be physically settled, but they're all 230 00:11:49,040 --> 00:11:51,360 Speaker 1: changing the rules don't have that, and so it looks 231 00:11:51,400 --> 00:11:54,760 Speaker 1: like what they want is, Oh, Americans, sure you can. 232 00:11:55,360 --> 00:11:58,520 Speaker 1: You can invest in it bitcoin, but you can't actually 233 00:11:58,559 --> 00:12:01,600 Speaker 1: buy it. The fun that you invest into doesn't actually 234 00:12:01,600 --> 00:12:04,640 Speaker 1: buy it. And by the way, you're not allowed to 235 00:12:04,760 --> 00:12:07,720 Speaker 1: hold it on your own anymore. You know, I could 236 00:12:07,720 --> 00:12:10,160 Speaker 1: see them saying you're not allowed to hold uranium anymore, right, 237 00:12:10,200 --> 00:12:11,920 Speaker 1: so you have to buy uranium through a fund or 238 00:12:11,920 --> 00:12:15,160 Speaker 1: an ATF. Because uranium's dangerous. You probably shouldn't have you 239 00:12:15,200 --> 00:12:17,920 Speaker 1: ranium at your house, but they don't want you to 240 00:12:17,960 --> 00:12:20,920 Speaker 1: have bitcoin either. So my guess is that you're going 241 00:12:20,960 --> 00:12:23,400 Speaker 1: to see these bills by Elizabeth Warren. If this one 242 00:12:23,400 --> 00:12:25,959 Speaker 1: doesn't go through, we'll see another one rise up. And 243 00:12:26,040 --> 00:12:28,240 Speaker 1: the attack vector would be they want to take away 244 00:12:28,240 --> 00:12:30,480 Speaker 1: your custody, but you could go buy it in the 245 00:12:30,600 --> 00:12:35,000 Speaker 1: TF that doesn't actually own it either. The financialization of everything. 246 00:12:35,040 --> 00:12:37,400 Speaker 1: But while we're seeing that, we've also seen another big 247 00:12:37,440 --> 00:12:40,800 Speaker 1: deal happen this week which is also helping bitcoin. And 248 00:12:40,840 --> 00:12:43,800 Speaker 1: this is what's known as the FSAB or the Rule 249 00:12:43,840 --> 00:12:48,760 Speaker 1: Guarantee for Value Fair Value Accounting for Bitcoin. Now, this 250 00:12:48,800 --> 00:12:52,080 Speaker 1: is a pretty big deal. Michael Saylor, one of the 251 00:12:52,120 --> 00:12:54,920 Speaker 1: largest bitcoin holders in the world, talked about some of 252 00:12:54,960 --> 00:12:58,960 Speaker 1: the biggest catalysts that he sees that could change the 253 00:12:59,720 --> 00:13:02,400 Speaker 1: sort of the whole direction of Bitcoin would be a 254 00:13:02,400 --> 00:13:05,800 Speaker 1: couple of things. One, the approval of an ETF check. 255 00:13:06,440 --> 00:13:10,600 Speaker 1: Two the change in these fair value accounting from bitcoin. 256 00:13:11,120 --> 00:13:13,520 Speaker 1: If that happens, then he thinks there could be a 257 00:13:13,559 --> 00:13:15,839 Speaker 1: mad rush into it. Why is that, Well, you see, 258 00:13:15,960 --> 00:13:21,520 Speaker 1: under the traditional accounting standards, they've classified the way you 259 00:13:21,559 --> 00:13:23,400 Speaker 1: can hold it and the way you have to report 260 00:13:23,440 --> 00:13:26,720 Speaker 1: it under taxes, and the way you pay taxes. Now, 261 00:13:27,000 --> 00:13:31,640 Speaker 1: businesses are penalized or rewarded for the assets and the 262 00:13:31,640 --> 00:13:34,920 Speaker 1: asset valuations they have on their books. So under this 263 00:13:35,000 --> 00:13:37,480 Speaker 1: new standard for bitcoin and other digital assets starting in 264 00:13:37,480 --> 00:13:41,319 Speaker 1: December of twenty twenty four, the regulations will change. What 265 00:13:41,360 --> 00:13:45,920 Speaker 1: will make it much more, much more advantagous for these 266 00:13:45,960 --> 00:13:49,600 Speaker 1: businesses to hold on to it. And so basically the 267 00:13:49,600 --> 00:13:52,400 Speaker 1: way it works is that they'll be able to market 268 00:13:52,520 --> 00:13:55,280 Speaker 1: to market if you will. If the value bitcoin went up, 269 00:13:56,320 --> 00:13:59,480 Speaker 1: then it would add to their valuation and if it 270 00:13:59,480 --> 00:14:01,760 Speaker 1: goes down, they could write that down as well. And 271 00:14:01,760 --> 00:14:05,440 Speaker 1: by being able to go into this new fair accounting rules, 272 00:14:05,600 --> 00:14:09,160 Speaker 1: it's going to be a lot easier for these corporations 273 00:14:09,160 --> 00:14:12,520 Speaker 1: to hold bitcoin other books, which will have a massive push. 274 00:14:12,520 --> 00:14:15,199 Speaker 1: So not only do we have the ETF which will 275 00:14:15,400 --> 00:14:17,920 Speaker 1: potentially bring in I think I talked about it a 276 00:14:17,920 --> 00:14:20,720 Speaker 1: week or two ago, seventy two percent of financial advisors 277 00:14:20,720 --> 00:14:25,240 Speaker 1: said that they would push bitcoin and crypto assets to 278 00:14:25,400 --> 00:14:28,720 Speaker 1: their clients seventy two percent if an ETF was approved. 279 00:14:28,920 --> 00:14:33,680 Speaker 1: So we could potentially have this massive army of financial 280 00:14:33,720 --> 00:14:36,120 Speaker 1: advisors going to meeting with their clients and moving percentage 281 00:14:36,160 --> 00:14:38,920 Speaker 1: of their money over into this. And this doesn't have 282 00:14:39,000 --> 00:14:42,240 Speaker 1: to be done on a client by client basis. Most 283 00:14:42,280 --> 00:14:44,440 Speaker 1: of these clients don't manage their own money. The financial 284 00:14:44,440 --> 00:14:46,840 Speaker 1: advisors do this for them. Most people are investing through 285 00:14:47,280 --> 00:14:49,400 Speaker 1: for one ks, mutual funds and things like that. They're 286 00:14:49,400 --> 00:14:51,320 Speaker 1: not even managing their own money. So really you just 287 00:14:51,360 --> 00:14:54,520 Speaker 1: have the fund manager deciding, yeah, I'll just take a 288 00:14:54,560 --> 00:14:58,120 Speaker 1: one percent, I'll take a two percent stake into this 289 00:14:58,160 --> 00:15:00,920 Speaker 1: bitcoin through this ETF. So we have that and then 290 00:15:00,920 --> 00:15:04,400 Speaker 1: we have the change in the way that they can 291 00:15:05,840 --> 00:15:08,080 Speaker 1: hold it on their books and account for it. And 292 00:15:08,120 --> 00:15:11,760 Speaker 1: so these two things are massive, and what this does 293 00:15:12,000 --> 00:15:14,440 Speaker 1: is actually even something bigger. So when you look at 294 00:15:14,440 --> 00:15:18,400 Speaker 1: new technology, you have something known as the diffusion of innovation. 295 00:15:18,880 --> 00:15:21,560 Speaker 1: The diffusion of innovation is basically like a Bell curve. 296 00:15:21,800 --> 00:15:23,480 Speaker 1: And I'm sure you guys have all seen it before. 297 00:15:23,480 --> 00:15:25,080 Speaker 1: I'll explain it to you and it'll make sense to you. 298 00:15:25,360 --> 00:15:27,360 Speaker 1: So you sort of have this upside down or not 299 00:15:27,440 --> 00:15:29,040 Speaker 1: upside down, but you have this sort of Bell curve, 300 00:15:29,200 --> 00:15:31,040 Speaker 1: and in the beginning on the far left, you would 301 00:15:31,040 --> 00:15:34,960 Speaker 1: have what's considered the innovators, the creators, so this would 302 00:15:34,960 --> 00:15:37,600 Speaker 1: be the people who invented it, the coders, the developers, etc. 303 00:15:38,280 --> 00:15:40,680 Speaker 1: And that typically gets you to about five or six percent. 304 00:15:41,160 --> 00:15:43,560 Speaker 1: Then you have the next stage in that Bell curve 305 00:15:43,600 --> 00:15:47,040 Speaker 1: of adoption that would be called the true believers. So 306 00:15:47,040 --> 00:15:49,880 Speaker 1: this is the people who saw this new technology early 307 00:15:50,000 --> 00:15:52,040 Speaker 1: and jumped onto it. If this was the Internet, this 308 00:15:52,160 --> 00:15:54,320 Speaker 1: is the people in the mid nineties who were figuring 309 00:15:54,360 --> 00:15:55,840 Speaker 1: out how to get their computer on the Internet. We're 310 00:15:55,880 --> 00:15:58,440 Speaker 1: installing these modem cards that were using the AOL chat rooms. 311 00:15:58,480 --> 00:16:00,600 Speaker 1: These are the early adopters. These the people that saw 312 00:16:00,640 --> 00:16:04,040 Speaker 1: bitcoin early and started buying bitcoin early and started adopting it. 313 00:16:04,280 --> 00:16:08,320 Speaker 1: That typically gets you to about fifteen percent adoption and 314 00:16:08,360 --> 00:16:11,600 Speaker 1: we're pasted there. But then there's what's known as the chasm. 315 00:16:11,640 --> 00:16:15,880 Speaker 1: There's a gap. The chasm is a gap that has 316 00:16:15,920 --> 00:16:20,000 Speaker 1: to be crossed over. Then you get the early majority. 317 00:16:20,400 --> 00:16:23,120 Speaker 1: The early majority are then the ones that will jump 318 00:16:23,120 --> 00:16:24,840 Speaker 1: in the early part of the majority, and then you 319 00:16:24,840 --> 00:16:26,880 Speaker 1: have the light late majority. And what I want to 320 00:16:26,880 --> 00:16:29,560 Speaker 1: talk about is the chasm. So the chasm is a 321 00:16:30,120 --> 00:16:33,160 Speaker 1: is a part that has to be crossed to bring 322 00:16:33,160 --> 00:16:34,960 Speaker 1: in the early majority. So what is that, Well, that 323 00:16:35,080 --> 00:16:37,680 Speaker 1: means something in their mind has to shift. You see, 324 00:16:37,680 --> 00:16:40,160 Speaker 1: the early adopters and the true believers, they see it. 325 00:16:40,400 --> 00:16:42,880 Speaker 1: They're the first ones to jump onto this new technology. 326 00:16:43,080 --> 00:16:45,600 Speaker 1: They can envision the future, but the majority can't. So 327 00:16:45,640 --> 00:16:49,240 Speaker 1: something has to change in their mind where they no 328 00:16:49,280 --> 00:16:52,600 Speaker 1: longer have to know what it is or how it works. 329 00:16:52,640 --> 00:16:55,240 Speaker 1: They don't have all these questions and doubts because all 330 00:16:55,240 --> 00:16:57,520 Speaker 1: of that has sort of been solved through the market. 331 00:16:58,440 --> 00:17:02,760 Speaker 1: So for example, you know today we use the Internet 332 00:17:02,840 --> 00:17:06,040 Speaker 1: on our phones and we use like FaceTime. You don't 333 00:17:06,080 --> 00:17:08,439 Speaker 1: need to know how FaceTime works, like how is it 334 00:17:08,440 --> 00:17:10,560 Speaker 1: that somebody's face shows up on your phone for you. You 335 00:17:10,560 --> 00:17:12,040 Speaker 1: don't need to know the answer to that question. You 336 00:17:12,080 --> 00:17:14,240 Speaker 1: don't even ask that question, you just use it. Right, 337 00:17:14,680 --> 00:17:16,159 Speaker 1: the early days of the Internet, you wanted to know 338 00:17:16,200 --> 00:17:18,320 Speaker 1: all about it, and so some of these things we've 339 00:17:18,359 --> 00:17:20,640 Speaker 1: already been crossing the chasm. But really, what I think 340 00:17:20,760 --> 00:17:24,760 Speaker 1: is this ETF is a major, major move to get 341 00:17:24,840 --> 00:17:27,880 Speaker 1: us over the chasm. And I think this new rule 342 00:17:27,960 --> 00:17:31,280 Speaker 1: accounting is also that move. You see a lot of people, 343 00:17:31,640 --> 00:17:35,000 Speaker 1: maybe you listening, think, oh, but this big one is 344 00:17:35,000 --> 00:17:37,960 Speaker 1: this stupid magic Internet money. I can't trust it because 345 00:17:37,960 --> 00:17:40,280 Speaker 1: I can't hold it in my hand. I think it's 346 00:17:40,320 --> 00:17:43,320 Speaker 1: probably a Ponzi scheme. I think fill in the blank, right, 347 00:17:43,720 --> 00:17:46,119 Speaker 1: I've heard it all. We don't know who Spotocianakamoto is, 348 00:17:46,119 --> 00:17:49,920 Speaker 1: all these things. But once it's crossed over mainstream, once 349 00:17:50,080 --> 00:17:54,639 Speaker 1: every you know, major financial Wall Street institution is now 350 00:17:54,840 --> 00:17:57,520 Speaker 1: owning it, holding it, Your banks own it, hold it, 351 00:17:57,800 --> 00:18:00,399 Speaker 1: all these big institutional funds own it. Hold because the 352 00:18:01,400 --> 00:18:03,640 Speaker 1: not just the ETFs, but but the rural accounting changes, etc. 353 00:18:03,920 --> 00:18:06,560 Speaker 1: Once that happens, and you'll see that as just in 354 00:18:06,600 --> 00:18:10,040 Speaker 1: your fidelity account, all of that doubt goes away, the 355 00:18:10,160 --> 00:18:12,840 Speaker 1: chasm goes away. Anyway, if you just tune in, you 356 00:18:12,880 --> 00:18:14,639 Speaker 1: listen to the Mark mass Show talking about some of 357 00:18:14,680 --> 00:18:16,960 Speaker 1: the latest breaking news headlines this week as we talk 358 00:18:17,000 --> 00:18:19,720 Speaker 1: about the world through the lens of politics, finance, and technology. 359 00:18:19,720 --> 00:18:21,480 Speaker 1: I gotta take a very quick break. I'll be back 360 00:18:21,480 --> 00:18:24,720 Speaker 1: with more. Don't go away, I'll be right back. Hello, 361 00:18:24,760 --> 00:18:26,399 Speaker 1: and welcome back. If you just tune in, you listening 362 00:18:26,480 --> 00:18:27,960 Speaker 1: to the Mark Maus show're running through some of the 363 00:18:28,040 --> 00:18:31,040 Speaker 1: latest breaking news headlines of the week, so you know 364 00:18:31,240 --> 00:18:33,639 Speaker 1: what is going on in the world. And there's something 365 00:18:33,640 --> 00:18:36,200 Speaker 1: that I've been talking about quite a bit lately, and 366 00:18:36,560 --> 00:18:38,400 Speaker 1: I'm gonna keep talking about it. I'm gonna keep talking 367 00:18:38,400 --> 00:18:40,600 Speaker 1: about it over and over and over because I believe 368 00:18:40,720 --> 00:18:44,640 Speaker 1: it is the single most important issue of our lifetime. 369 00:18:44,680 --> 00:18:46,439 Speaker 1: It's the fight of our life and it's going on 370 00:18:46,800 --> 00:18:49,360 Speaker 1: right now. What am I talking about, Well, it's kind 371 00:18:49,400 --> 00:18:51,800 Speaker 1: of a big group of things, but ultimately it comes 372 00:18:51,880 --> 00:18:57,440 Speaker 1: down to one thing, which is censorship. Censoring my ability 373 00:18:57,440 --> 00:19:03,080 Speaker 1: to speak, your ability to here, and your ability to 374 00:19:03,200 --> 00:19:06,840 Speaker 1: choose what you want you see. If they limit what 375 00:19:06,960 --> 00:19:08,920 Speaker 1: I can say, then they limit what you hear. And 376 00:19:08,960 --> 00:19:11,480 Speaker 1: if they limit you here, then they limit your choices. 377 00:19:11,880 --> 00:19:15,280 Speaker 1: They constantly they whoever's making the rules, the laws. They 378 00:19:15,280 --> 00:19:20,040 Speaker 1: talk about equality or they talk about fairness, but really 379 00:19:20,400 --> 00:19:22,919 Speaker 1: we can't have equality of an outcome. We can have 380 00:19:22,960 --> 00:19:26,639 Speaker 1: equality of a choice, of a chance, the ability, the 381 00:19:26,640 --> 00:19:28,879 Speaker 1: freedom to better our lives. But when they censor what 382 00:19:28,920 --> 00:19:31,240 Speaker 1: I say, they censor what you can hear. And more importantly, 383 00:19:31,280 --> 00:19:33,919 Speaker 1: like I said, they censor what you can do. Now 384 00:19:34,280 --> 00:19:38,360 Speaker 1: in the United States, they keep talking about the democracy, 385 00:19:38,440 --> 00:19:40,800 Speaker 1: the democracy, the democracy of the United States, a threat 386 00:19:40,800 --> 00:19:43,160 Speaker 1: to our democracy. We must spread democracy. I just want 387 00:19:43,160 --> 00:19:45,960 Speaker 1: to say real quick for all the listeners, the United 388 00:19:45,960 --> 00:19:49,560 Speaker 1: States is not a democracy. It's a constitutional republic. If 389 00:19:49,640 --> 00:19:51,320 Speaker 1: you grew up in the United States, you said this 390 00:19:51,440 --> 00:19:53,040 Speaker 1: every single day when you put your hand over your 391 00:19:53,040 --> 00:19:55,520 Speaker 1: heart and your pledge allegiance to the United States for 392 00:19:55,560 --> 00:19:59,120 Speaker 1: all it stands the republic for which it stands the republic. 393 00:19:59,119 --> 00:20:01,399 Speaker 1: It's the republic. You know this. But back to the democracy. 394 00:20:01,920 --> 00:20:04,679 Speaker 1: Even the definition of a democracy would be what the 395 00:20:04,720 --> 00:20:07,280 Speaker 1: people want, the majority of the people. So we must 396 00:20:07,680 --> 00:20:10,360 Speaker 1: one have an educated, massive people. Two we must hear 397 00:20:10,440 --> 00:20:12,520 Speaker 1: from what the people want, and the democracy would be 398 00:20:12,760 --> 00:20:17,280 Speaker 1: the majority are voting for this thing, this bill, this law, 399 00:20:17,400 --> 00:20:21,919 Speaker 1: this person, this president, etc. So when they tell you 400 00:20:22,000 --> 00:20:26,760 Speaker 1: that they're trying to protect the democracy by not allowing 401 00:20:26,800 --> 00:20:28,760 Speaker 1: a certain group of people to say what they want, 402 00:20:28,800 --> 00:20:31,720 Speaker 1: how is that a democracy? Obviously it goes against that. Now, 403 00:20:31,720 --> 00:20:33,240 Speaker 1: I want to break this down and show you some 404 00:20:33,359 --> 00:20:34,920 Speaker 1: very specific things that are being done right now that 405 00:20:34,960 --> 00:20:36,360 Speaker 1: you need to be aware of. But let's just start 406 00:20:36,440 --> 00:20:37,919 Speaker 1: right at the top and then we'll dive into this. 407 00:20:38,400 --> 00:20:43,480 Speaker 1: Right at the top. This week in not just the 408 00:20:43,480 --> 00:20:45,640 Speaker 1: most egregious thing that I've ever seen in my life. 409 00:20:45,640 --> 00:20:47,320 Speaker 1: And I pay attention to this because I commentate it 410 00:20:47,359 --> 00:20:50,440 Speaker 1: every week. Some of the most agreious things that professionals 411 00:20:50,480 --> 00:20:51,920 Speaker 1: that have been in this for a long time I 412 00:20:51,920 --> 00:20:54,040 Speaker 1: have ever seen. And what am I talking about. I'm 413 00:20:54,080 --> 00:21:00,200 Speaker 1: talking about Colorado taking president, former President Donald J. Trump 414 00:21:00,320 --> 00:21:03,320 Speaker 1: off of the ballot. Think about that for a minute, 415 00:21:03,440 --> 00:21:05,440 Speaker 1: taking him off of the ballot in the state of Colorado. 416 00:21:05,560 --> 00:21:09,000 Speaker 1: Now he is leading the polls, he is the favorite 417 00:21:09,440 --> 00:21:12,520 Speaker 1: to win the election. Now, when you hear about other countries, 418 00:21:13,080 --> 00:21:16,399 Speaker 1: you know in Russia or you know in other other 419 00:21:16,440 --> 00:21:20,399 Speaker 1: countries like that, like these leaders in Africa and the Congo, 420 00:21:20,600 --> 00:21:24,879 Speaker 1: they arrest their rival they're democratically elected person, they arrest 421 00:21:24,920 --> 00:21:27,360 Speaker 1: him and they throw him into prison. They make him illegal, 422 00:21:27,640 --> 00:21:29,359 Speaker 1: they make it illegal for him to be on the ballot, 423 00:21:29,480 --> 00:21:32,840 Speaker 1: sort of like what they did to Bulsonaro down in Brazil, 424 00:21:33,760 --> 00:21:36,840 Speaker 1: sort of like what Zelenski did to the president that 425 00:21:36,880 --> 00:21:40,879 Speaker 1: was democratic, democratically elected before him, put him in jail. 426 00:21:41,680 --> 00:21:46,719 Speaker 1: And here we have the majority, the president, the former president, 427 00:21:46,760 --> 00:21:49,520 Speaker 1: who's leading in the polls, who looks like from every 428 00:21:49,560 --> 00:21:52,240 Speaker 1: poll that's been run, he would win the popular vote 429 00:21:52,240 --> 00:21:55,520 Speaker 1: to be the next president. And they're literally taking him 430 00:21:55,560 --> 00:21:58,639 Speaker 1: off of the ballot. So you can't even vote for 431 00:21:58,720 --> 00:22:03,960 Speaker 1: him now, taking away your freedom to vote. You can't 432 00:22:04,000 --> 00:22:06,520 Speaker 1: vote for the person that you want and for what 433 00:22:07,800 --> 00:22:10,719 Speaker 1: that's supposed to be democratically elected. So in order to 434 00:22:10,840 --> 00:22:14,240 Speaker 1: save the democracy, they have to take away your voice 435 00:22:14,240 --> 00:22:16,840 Speaker 1: and your ability to vote. Now, what they're accusing him of, 436 00:22:17,480 --> 00:22:20,880 Speaker 1: they're using some obscure rule, the fourteenth Amendment, and he's 437 00:22:20,920 --> 00:22:26,560 Speaker 1: disqualified for running for election because of this, because from 438 00:22:26,640 --> 00:22:29,720 Speaker 1: some obscure bill from over one hundred years ago that says, 439 00:22:30,440 --> 00:22:35,120 Speaker 1: you know, if he has because of insurrection, he's no 440 00:22:35,200 --> 00:22:37,640 Speaker 1: longer allowed to run. Now to sort of frame this up, 441 00:22:37,880 --> 00:22:41,840 Speaker 1: what's pretty interesting is we can see that in Colorado 442 00:22:41,960 --> 00:22:45,119 Speaker 1: it's been taken over by Democratic voters. Not to make 443 00:22:45,160 --> 00:22:47,120 Speaker 1: this a left or right, but that's just the facts. 444 00:22:47,440 --> 00:22:49,119 Speaker 1: But what we can see is that even with all 445 00:22:49,160 --> 00:22:55,320 Speaker 1: these democratically elected people who voted on this, there was 446 00:22:55,400 --> 00:23:01,960 Speaker 1: almost a split decision. It was four versus three. Now, again, 447 00:23:02,040 --> 00:23:04,320 Speaker 1: what they did is they reinvigorated is Section three of 448 00:23:04,359 --> 00:23:07,160 Speaker 1: this fourteenth Amendment, which reads in part that no person 449 00:23:07,240 --> 00:23:10,560 Speaker 1: shall be a senator, representative in Congress, or elected president 450 00:23:10,640 --> 00:23:13,760 Speaker 1: or vice president, or hold any office civil or military 451 00:23:13,840 --> 00:23:17,120 Speaker 1: under the United States who's engaged in insurrection or rebellion 452 00:23:17,160 --> 00:23:19,639 Speaker 1: against the same, or given aid or comfort to the 453 00:23:19,800 --> 00:23:23,240 Speaker 1: enemies thereof Now, again, that was written in eighteen sixty six. 454 00:23:23,880 --> 00:23:27,280 Speaker 1: That was a year after the Civil War had ended, 455 00:23:27,480 --> 00:23:31,560 Speaker 1: right Civil War where millions of Americans have died, and 456 00:23:31,600 --> 00:23:34,600 Speaker 1: it was written right after that to keep the losers 457 00:23:34,640 --> 00:23:36,960 Speaker 1: at that time, the Confederate the Confederates, from getting back 458 00:23:36,960 --> 00:23:41,440 Speaker 1: into government. All right, Now they're saying that January sixth 459 00:23:41,480 --> 00:23:43,480 Speaker 1: and this insurrection against the government, it was the worst 460 00:23:43,560 --> 00:23:45,880 Speaker 1: day in American history. It was worse than nine to eleven. 461 00:23:45,960 --> 00:23:47,600 Speaker 1: It was worse than any of the wars. It was 462 00:23:47,640 --> 00:23:52,120 Speaker 1: worse than the Civil War. But here's the thing they're saying, 463 00:23:52,160 --> 00:23:57,280 Speaker 1: and it was an insurrection the media, but no federal 464 00:23:57,320 --> 00:24:00,760 Speaker 1: court has said that. There's no just this department that 465 00:24:00,880 --> 00:24:04,720 Speaker 1: said that. The federal court, the Justice Department isn't even 466 00:24:04,760 --> 00:24:08,040 Speaker 1: alleging that Trump is guilty of anything even close to 467 00:24:08,080 --> 00:24:11,800 Speaker 1: insurrection or rebellion. The media has called it insurrection, but 468 00:24:11,960 --> 00:24:15,480 Speaker 1: in the charges they're bringing against him, they're not. They're 469 00:24:15,520 --> 00:24:20,239 Speaker 1: not even alleging that he's done that. Even even if 470 00:24:20,320 --> 00:24:23,400 Speaker 1: they were alleging it. In the United States, were innocent 471 00:24:23,800 --> 00:24:26,679 Speaker 1: until proven guilty. So even if they were alleging it, 472 00:24:26,760 --> 00:24:28,840 Speaker 1: he hasn't gone to court. He's and he should be 473 00:24:28,880 --> 00:24:31,520 Speaker 1: innocent until proven guilty and then he would have to 474 00:24:31,520 --> 00:24:35,600 Speaker 1: go through court. So how can the state of Colorado 475 00:24:36,119 --> 00:24:39,520 Speaker 1: be holding him guilty of something he's never even been 476 00:24:39,560 --> 00:24:43,680 Speaker 1: alleged to have done, something that the Justice Department isn't 477 00:24:43,880 --> 00:24:48,800 Speaker 1: even saying happened. Now you have to ask yourself that. 478 00:24:49,440 --> 00:24:51,959 Speaker 1: So he hasn't even been accused of it by the 479 00:24:52,040 --> 00:24:55,320 Speaker 1: Justice Department. He obviously hasn't been found guilty. Even if 480 00:24:55,320 --> 00:24:57,080 Speaker 1: he was accused, he'd be innocent tell proven guilty. He 481 00:24:57,119 --> 00:25:01,000 Speaker 1: hasn't been proven guilty. But yet the state is judge, jury, 482 00:25:00,960 --> 00:25:04,240 Speaker 1: and executioner on this. And not just judge ury an executioner. 483 00:25:04,280 --> 00:25:07,960 Speaker 1: They're they're they're deciding this something again, who's never been 484 00:25:08,600 --> 00:25:10,480 Speaker 1: alleged to this, he has no way to defend himself. 485 00:25:10,480 --> 00:25:12,440 Speaker 1: But more important, this isn't even attack on Donald trumpet's 486 00:25:12,440 --> 00:25:16,359 Speaker 1: attack on you. It's an attack on you. They're taking 487 00:25:16,400 --> 00:25:19,600 Speaker 1: away your freedom to choose what you want. Now, I 488 00:25:19,640 --> 00:25:21,720 Speaker 1: do want to say, like I said, all of this, 489 00:25:22,119 --> 00:25:25,280 Speaker 1: all of all of the votes were done by Democrats, 490 00:25:25,320 --> 00:25:27,560 Speaker 1: but it was split four to three. One thing that 491 00:25:27,600 --> 00:25:31,080 Speaker 1: I think is worth looking into here is that we 492 00:25:31,119 --> 00:25:33,400 Speaker 1: can see what are the differences of the four versus three. 493 00:25:34,880 --> 00:25:39,080 Speaker 1: Maybe this is commonality not causality. But all four of 494 00:25:39,119 --> 00:25:41,800 Speaker 1: the ones who voted to take Trump off of the 495 00:25:41,840 --> 00:25:45,960 Speaker 1: ballot are all IVY League graduates. They all voted to 496 00:25:46,000 --> 00:25:54,200 Speaker 1: disqualify Trump, but the local colleges, the community, the local 497 00:25:54,240 --> 00:25:58,439 Speaker 1: college people voted to keep him on. Is this something 498 00:25:58,480 --> 00:26:01,840 Speaker 1: about elitism? Is it something where they think they're smarter 499 00:26:01,960 --> 00:26:05,320 Speaker 1: than you. The elites are wanting to thwart the will 500 00:26:05,359 --> 00:26:09,200 Speaker 1: of the people. Maybe right, they're the ones that are 501 00:26:09,400 --> 00:26:11,280 Speaker 1: alleging this. They're the ones that are trying to take 502 00:26:11,280 --> 00:26:14,119 Speaker 1: this into their own hands, and they're trying to broaden 503 00:26:14,160 --> 00:26:16,560 Speaker 1: this law to make it fit. But where does this go? 504 00:26:16,920 --> 00:26:18,480 Speaker 1: And I always want to look at both sides of this. 505 00:26:18,560 --> 00:26:22,080 Speaker 1: So now we could say, well, the DJ never accused 506 00:26:22,119 --> 00:26:23,320 Speaker 1: him of this. They didn't say he did it. They 507 00:26:23,320 --> 00:26:26,600 Speaker 1: certainly haven't convicted of them of it. But what they're 508 00:26:26,640 --> 00:26:30,080 Speaker 1: saying is they want to use this because he was 509 00:26:30,280 --> 00:26:32,879 Speaker 1: an enemy of the United States. Well, if you know, 510 00:26:33,040 --> 00:26:36,200 Speaker 1: under the Constitution, people are voted in on the Constitution 511 00:26:36,320 --> 00:26:38,440 Speaker 1: or sworn in the Constitution vowing to uphold it against 512 00:26:38,440 --> 00:26:40,280 Speaker 1: all enemies foreign and domestic. You could look at the 513 00:26:40,320 --> 00:26:43,040 Speaker 1: president of the United States who is allowing an attack 514 00:26:43,119 --> 00:26:45,600 Speaker 1: to happen by opening up the borders and have an 515 00:26:45,600 --> 00:26:47,880 Speaker 1: invasion happen, and we could have red states. So now 516 00:26:47,920 --> 00:26:50,840 Speaker 1: in Texas they're saying, well, why don't we move remove 517 00:26:51,280 --> 00:26:54,680 Speaker 1: Biden's name from the ballots. Should we just have all 518 00:26:54,800 --> 00:26:57,760 Speaker 1: red states remove the blue state candidates and all blue 519 00:26:57,760 --> 00:27:00,280 Speaker 1: states to just remove the red state candidates? Where does 520 00:27:00,320 --> 00:27:05,120 Speaker 1: this go? And ultimately, it's not about left or right, 521 00:27:05,160 --> 00:27:07,199 Speaker 1: it's not about red or blue. It's about you and 522 00:27:07,280 --> 00:27:10,639 Speaker 1: I and we the people. All of this censorship is 523 00:27:10,680 --> 00:27:15,080 Speaker 1: about one thing. It's about them destroying the democracy in 524 00:27:15,160 --> 00:27:17,199 Speaker 1: their words, trying to protect it, trying to save it. 525 00:27:18,000 --> 00:27:20,080 Speaker 1: I just want you to understand where this is going, 526 00:27:20,160 --> 00:27:22,560 Speaker 1: because this is going to affect your life. Like I said, 527 00:27:22,560 --> 00:27:25,160 Speaker 1: this is the biggest battle that we have on our ends. 528 00:27:25,160 --> 00:27:26,800 Speaker 1: It's the fight of our life. Because if they take 529 00:27:26,880 --> 00:27:31,080 Speaker 1: away our ability to receive information, how can we be educated? 530 00:27:31,920 --> 00:27:34,080 Speaker 1: If they take away my ability to receive the information 531 00:27:34,080 --> 00:27:36,200 Speaker 1: to be educated, then how can I make informed decisions? 532 00:27:36,560 --> 00:27:38,800 Speaker 1: And if they take away who I can and can't 533 00:27:38,920 --> 00:27:41,320 Speaker 1: vote for, then even if I had an informed decision, 534 00:27:41,320 --> 00:27:43,560 Speaker 1: how could I voice that? And what type of democracy 535 00:27:43,640 --> 00:27:47,800 Speaker 1: is that? And once these are enacted, imagine how they 536 00:27:47,880 --> 00:27:50,159 Speaker 1: can be abused over and over and over again. If 537 00:27:50,200 --> 00:27:51,920 Speaker 1: you're just tune in, you're listening to the Mark Mass Show, 538 00:27:51,920 --> 00:27:53,360 Speaker 1: I gotta take a very quick break. I'll be right 539 00:27:53,400 --> 00:27:55,320 Speaker 1: back with more. Don't go way, I'll be right back. 540 00:27:55,720 --> 00:27:57,280 Speaker 1: All right, Welcome back. If you're just tune in, you're 541 00:27:57,280 --> 00:27:59,119 Speaker 1: listening to the Mark Mass Show. We're talking about some 542 00:27:59,160 --> 00:28:02,159 Speaker 1: of the latest breaking news headlines this week, so you 543 00:28:02,200 --> 00:28:04,080 Speaker 1: can see how the world's changing more important that you 544 00:28:04,119 --> 00:28:06,239 Speaker 1: can get out in front of them so you can 545 00:28:06,320 --> 00:28:08,440 Speaker 1: protect yourself. Now, something I saw this week that I 546 00:28:08,440 --> 00:28:12,200 Speaker 1: thought was pretty interesting is talking about the American dream. 547 00:28:12,280 --> 00:28:14,400 Speaker 1: Is the loss of the American dream or the death 548 00:28:14,440 --> 00:28:16,119 Speaker 1: of the American dream? You know, the problem with the 549 00:28:16,119 --> 00:28:19,160 Speaker 1: American dream is that the American dream continues to get 550 00:28:19,200 --> 00:28:22,720 Speaker 1: further and further and further out of reach for most people. 551 00:28:23,240 --> 00:28:25,200 Speaker 1: You know, before we got off the golds there in 552 00:28:25,280 --> 00:28:28,600 Speaker 1: nineteen seventy one, the American dream could be reached by 553 00:28:28,840 --> 00:28:32,159 Speaker 1: one person in the household, working, and you could achieve 554 00:28:32,200 --> 00:28:34,280 Speaker 1: the house and the car, and the family and all 555 00:28:34,320 --> 00:28:37,080 Speaker 1: of those things. And today even a family with two 556 00:28:37,240 --> 00:28:40,880 Speaker 1: income earners can't get that. The reason why is because 557 00:28:40,920 --> 00:28:43,800 Speaker 1: the cost of living has gone up faster than your 558 00:28:43,840 --> 00:28:45,880 Speaker 1: income has gone up. It's not hard to understand this, 559 00:28:45,960 --> 00:28:50,200 Speaker 1: it's very basic. Of course, the government, mainstream media, and 560 00:28:50,560 --> 00:28:52,840 Speaker 1: you know, in coordination with them, try to obscure this. 561 00:28:52,960 --> 00:28:55,120 Speaker 1: They try to make it complicated. You can't understand this, No, 562 00:28:55,200 --> 00:28:57,640 Speaker 1: it's very basic. The cost of living has gone up 563 00:28:57,680 --> 00:29:01,880 Speaker 1: faster than your wages have gone up. Why is that, Well, 564 00:29:01,920 --> 00:29:04,600 Speaker 1: it's because of the money. If you listen to the show. 565 00:29:04,640 --> 00:29:06,880 Speaker 1: You already know that they increase the supply of the 566 00:29:06,880 --> 00:29:08,960 Speaker 1: money so fast that it pushes the price of goods 567 00:29:08,960 --> 00:29:11,120 Speaker 1: and services up. But it's not that the price of 568 00:29:11,120 --> 00:29:13,840 Speaker 1: goods and services are going up. It's that your money 569 00:29:13,920 --> 00:29:17,120 Speaker 1: is losing its value, and so it takes you more 570 00:29:17,160 --> 00:29:19,240 Speaker 1: of that money to get the same things that you 571 00:29:19,360 --> 00:29:22,640 Speaker 1: used to get. There's been some memes going around, and 572 00:29:22,640 --> 00:29:25,360 Speaker 1: actually not memes, but it's this time of year at Christmas. 573 00:29:25,600 --> 00:29:28,920 Speaker 1: One of the most famous Christmas movies is Home Alone. 574 00:29:29,120 --> 00:29:31,080 Speaker 1: And in the Home Alone movie, you see Kevin, the 575 00:29:31,080 --> 00:29:34,720 Speaker 1: little kid Niccolay Culkin go to the store his family 576 00:29:34,800 --> 00:29:36,680 Speaker 1: left him. If you know the movie, his family left 577 00:29:36,720 --> 00:29:39,320 Speaker 1: him accidentally and he's home alone and he had to 578 00:29:39,320 --> 00:29:40,720 Speaker 1: scrounge up some money. He had to go to the store. 579 00:29:40,720 --> 00:29:42,920 Speaker 1: He had to go buy some things for himself. And 580 00:29:43,080 --> 00:29:45,320 Speaker 1: there's been people that have gotten basically that list of 581 00:29:45,320 --> 00:29:48,640 Speaker 1: goods that he bought and priced it and then they 582 00:29:48,640 --> 00:29:51,400 Speaker 1: look at how much that would cost today, So you 583 00:29:51,440 --> 00:29:55,640 Speaker 1: can see this in real time. As a matter of fact, 584 00:29:56,160 --> 00:29:59,800 Speaker 1: the basket of goods that he bought is up like 585 00:30:00,000 --> 00:30:01,600 Speaker 1: I think it was. I want to say one hundred 586 00:30:01,680 --> 00:30:05,440 Speaker 1: and seventy seven percent. I was just looking at him. 587 00:30:05,520 --> 00:30:07,640 Speaker 1: Let me see if I can find it here, so 588 00:30:07,920 --> 00:30:10,760 Speaker 1: we can see that Kevin's home alone grocery bill has 589 00:30:10,760 --> 00:30:14,440 Speaker 1: increased one hundred and seventy seven percent just since nineteen ninety. 590 00:30:14,840 --> 00:30:18,280 Speaker 1: And basically it was a mix of food and housekeeping supplies. 591 00:30:18,720 --> 00:30:20,640 Speaker 1: So what did he buy? He bought a half gallon 592 00:30:20,680 --> 00:30:22,720 Speaker 1: of milk, He bought a half gallon of orange juice, 593 00:30:22,760 --> 00:30:25,680 Speaker 1: of white bread, a TV dinner, frozen mac and cheese, 594 00:30:25,960 --> 00:30:30,880 Speaker 1: tied liquid, detergent, saran wrap, toy soldiers snuggle, dry sheets, 595 00:30:30,920 --> 00:30:34,960 Speaker 1: and toilet paper. Now, at the time in nineteen ninety, 596 00:30:35,040 --> 00:30:38,240 Speaker 1: Kevin the kid only had nineteen well, he had twenty 597 00:30:38,280 --> 00:30:41,720 Speaker 1: dollars on him, so he paid nineteen dollars and eighty 598 00:30:41,760 --> 00:30:44,440 Speaker 1: three cents twenty bucks to get all that stuff. Today, 599 00:30:44,720 --> 00:30:48,360 Speaker 1: those exact same things would cost you fifty five dollars. 600 00:30:48,360 --> 00:30:51,160 Speaker 1: So from twenty dollars to fifty five dollars. Now, It's 601 00:30:51,200 --> 00:30:57,040 Speaker 1: interesting is the government number on this says that housekeeping 602 00:30:57,080 --> 00:31:02,120 Speaker 1: supplies increased by only eighty eight percent. So CPI, the 603 00:31:02,160 --> 00:31:04,320 Speaker 1: governments number tells you it only went up by one 604 00:31:04,400 --> 00:31:07,560 Speaker 1: hundred and I'm sorry eighty eight percent. But the reality 605 00:31:07,680 --> 00:31:10,320 Speaker 1: is if you look at the numbers, it's actually up 606 00:31:10,360 --> 00:31:13,440 Speaker 1: more like one hundred and seventy seven percent, and so 607 00:31:13,480 --> 00:31:15,160 Speaker 1: we can see this in real time. But really what's 608 00:31:15,160 --> 00:31:18,840 Speaker 1: happening is again this is stealing your life, if you 609 00:31:18,880 --> 00:31:20,760 Speaker 1: will still in your American dream. Let's look at a 610 00:31:20,760 --> 00:31:23,320 Speaker 1: couple other things, so we can see that the real 611 00:31:23,400 --> 00:31:27,000 Speaker 1: medium wages, as adjusted for inflation, in two thousand and one, 612 00:31:27,080 --> 00:31:30,040 Speaker 1: we're thirty nine thousand, one hundred and thirty five. Today 613 00:31:30,080 --> 00:31:33,560 Speaker 1: in twenty twenty three, they're up. They're up, which is great, 614 00:31:33,800 --> 00:31:36,560 Speaker 1: up to forty one thousand, five hundred and thirty five. 615 00:31:36,840 --> 00:31:40,520 Speaker 1: So the median pay is gone up, has gone up 616 00:31:40,520 --> 00:31:43,160 Speaker 1: by six point one percent in the last twenty two years. 617 00:31:43,440 --> 00:31:46,280 Speaker 1: Sounds pretty good, your great pay has gone up. But 618 00:31:46,440 --> 00:31:50,640 Speaker 1: if we look at adjusted household income, we can see 619 00:31:50,640 --> 00:31:53,120 Speaker 1: in two thousand and one it's seventy seven thousand, in 620 00:31:53,120 --> 00:31:56,320 Speaker 1: twenty twenty three it's only sixty three, so it's actually 621 00:31:56,400 --> 00:32:00,920 Speaker 1: gone down by eighteen point five percent over the same 622 00:32:01,280 --> 00:32:03,320 Speaker 1: twenty two year period. Now, if we look at the 623 00:32:03,320 --> 00:32:06,600 Speaker 1: CPI chart, which we just talked about, which is again manipulated, 624 00:32:06,800 --> 00:32:10,280 Speaker 1: it shows about an increase of eighty eight percent, So 625 00:32:10,360 --> 00:32:12,000 Speaker 1: from two thousand and one it was one fifty seven. 626 00:32:12,040 --> 00:32:14,280 Speaker 1: Twenty three it was two hundred and five. So while 627 00:32:14,320 --> 00:32:21,240 Speaker 1: your adjusted inflation adjusted household income went down by eighteen 628 00:32:21,240 --> 00:32:24,360 Speaker 1: point five percent, your cost of living went up by 629 00:32:24,520 --> 00:32:28,680 Speaker 1: eighty eight percent. So it's not the right way. Not 630 00:32:28,760 --> 00:32:30,920 Speaker 1: only did it not go up, your actually pay went 631 00:32:31,080 --> 00:32:33,600 Speaker 1: down as prices of goods and services are going up 632 00:32:33,760 --> 00:32:36,800 Speaker 1: now on housing costs, the median rental price in twenty 633 00:32:36,880 --> 00:32:39,200 Speaker 1: twenty one was one thousand, seven undred ninety two dollars. 634 00:32:39,560 --> 00:32:41,920 Speaker 1: It's an increase since two thousand of one hundred and 635 00:32:41,960 --> 00:32:46,880 Speaker 1: six percent, basically doubled from twenty twenty three. Oh and 636 00:32:46,920 --> 00:32:50,160 Speaker 1: then the median homes home price the sell in twenty 637 00:32:50,240 --> 00:32:53,960 Speaker 1: twenty three is four hundred and fifty four thousand, an 638 00:32:54,000 --> 00:32:56,280 Speaker 1: increase of one hundred and eighty one percent since two 639 00:32:56,360 --> 00:33:00,480 Speaker 1: thousand and one. Homes are a perfect proxy for inflation, 640 00:33:00,600 --> 00:33:02,960 Speaker 1: so sort of what Going back to Kevin's basket of 641 00:33:03,000 --> 00:33:07,480 Speaker 1: goods being one hundred and seventy seven percent, real estate 642 00:33:07,480 --> 00:33:09,840 Speaker 1: went up one hundred and eighty one percent. So real 643 00:33:09,960 --> 00:33:12,840 Speaker 1: estate is always a perfect proxy. It always goes up 644 00:33:12,880 --> 00:33:15,560 Speaker 1: perfectly with the rate of inflation. Now, if you want 645 00:33:15,560 --> 00:33:17,640 Speaker 1: to beat inflation with real estate, then you need scarce 646 00:33:17,800 --> 00:33:20,360 Speaker 1: assets in real estate. So these would be trophy assets, 647 00:33:20,360 --> 00:33:23,920 Speaker 1: trophy homes, this would be beachfront property, lakefront property, something 648 00:33:23,960 --> 00:33:26,280 Speaker 1: that has something unique. Now those will go up faster, 649 00:33:26,360 --> 00:33:28,600 Speaker 1: but real estate is sort of a proxy for that. 650 00:33:29,000 --> 00:33:30,680 Speaker 1: Now we can also look at other things, like the 651 00:33:30,720 --> 00:33:32,800 Speaker 1: poverty rate. So in two thousand and one it was 652 00:33:33,000 --> 00:33:36,840 Speaker 1: ten percent. In twenty twenty two is nine point one percent. 653 00:33:37,520 --> 00:33:40,280 Speaker 1: That's the official rate, right, that's the official rate anyway, 654 00:33:40,360 --> 00:33:42,040 Speaker 1: and we can trust that about as much as we 655 00:33:42,040 --> 00:33:44,719 Speaker 1: can trust the CPI, which is not at all. We 656 00:33:44,720 --> 00:33:47,480 Speaker 1: can see that because of this gap of prices going 657 00:33:47,560 --> 00:33:52,080 Speaker 1: higher and what real wage is going down, then how 658 00:33:52,080 --> 00:33:53,800 Speaker 1: do you fill the gap or you fill the gap 659 00:33:53,880 --> 00:33:56,440 Speaker 1: with debt, And so we see the massive amount of 660 00:33:56,440 --> 00:34:00,680 Speaker 1: increased debt load happening. Student loan debt has gone up 661 00:34:00,720 --> 00:34:03,640 Speaker 1: as high. It's up to one point seven trillion in 662 00:34:03,680 --> 00:34:07,160 Speaker 1: twenty twenty three, which is up almost three hundred hour. 663 00:34:07,200 --> 00:34:10,800 Speaker 1: It's up from about three hundred billion in two thousand 664 00:34:10,840 --> 00:34:13,880 Speaker 1: and one. So from three hundred billion to one point 665 00:34:13,960 --> 00:34:16,560 Speaker 1: seven tuwing that student loan debt. Now, part of that 666 00:34:16,719 --> 00:34:19,280 Speaker 1: is because not a lot of people are getting. Obviously, 667 00:34:19,360 --> 00:34:20,799 Speaker 1: not a lot of people are getting student loan debt 668 00:34:20,880 --> 00:34:22,319 Speaker 1: in two thousand and one, that's why I was only 669 00:34:22,360 --> 00:34:26,960 Speaker 1: three hundred billion. But when you make it available to everybody, 670 00:34:27,400 --> 00:34:30,400 Speaker 1: and you make it available not just everybody, but basically 671 00:34:30,480 --> 00:34:32,120 Speaker 1: for free, and they can get as much money as 672 00:34:32,120 --> 00:34:34,680 Speaker 1: they want, what do you think happens? More people take it, 673 00:34:35,760 --> 00:34:37,840 Speaker 1: and now that more people can take it, then the 674 00:34:37,920 --> 00:34:42,080 Speaker 1: schools want to take that money from them, and so 675 00:34:42,360 --> 00:34:44,960 Speaker 1: then we have more people taking it. More people take 676 00:34:45,000 --> 00:34:46,480 Speaker 1: it from the schools, and then the price of the 677 00:34:46,600 --> 00:34:49,680 Speaker 1: education goes up. So now we have all this access 678 00:34:49,680 --> 00:34:51,239 Speaker 1: to free money, everyone's going to take the free money 679 00:34:51,239 --> 00:34:52,880 Speaker 1: because we have so much free money. What happens when 680 00:34:52,920 --> 00:34:55,279 Speaker 1: they create more free money? The prices go up. The 681 00:34:55,320 --> 00:34:57,920 Speaker 1: student tuition went up, and that's why we've gone from 682 00:34:58,000 --> 00:34:59,960 Speaker 1: three hundred billion dollars in student loan debt to one 683 00:35:00,000 --> 00:35:04,680 Speaker 1: one point seven trillion. My daughter has friends that are 684 00:35:04,920 --> 00:35:08,200 Speaker 1: going through college on student loans. One of her friends, 685 00:35:08,200 --> 00:35:10,960 Speaker 1: the boy got his money and just went and spent 686 00:35:11,040 --> 00:35:12,719 Speaker 1: it all. He took his friends on trips that he 687 00:35:12,800 --> 00:35:14,719 Speaker 1: was going out to dinner all the time. They were 688 00:35:14,760 --> 00:35:17,960 Speaker 1: doing these things, not spending his money on school, but 689 00:35:18,160 --> 00:35:20,799 Speaker 1: on living like this life that he wanted to live, 690 00:35:21,320 --> 00:35:24,080 Speaker 1: and now he's dropped out. So now he's got all 691 00:35:24,120 --> 00:35:25,839 Speaker 1: this money that he spent on having a good time 692 00:35:25,880 --> 00:35:27,920 Speaker 1: because it was just free money for a young kid 693 00:35:27,920 --> 00:35:30,680 Speaker 1: who thinks it's a good idea to give one hundred 694 00:35:30,680 --> 00:35:34,720 Speaker 1: grand to eighteen nineen year old boy. But that's what happened, 695 00:35:34,760 --> 00:35:37,000 Speaker 1: and that's why this debt numbers had been exploded. But 696 00:35:37,000 --> 00:35:39,720 Speaker 1: it's not just student loan debt. We see household debt 697 00:35:39,760 --> 00:35:44,680 Speaker 1: fifteen point seven trillion dollars in twenty twenty three, which 698 00:35:44,719 --> 00:35:47,160 Speaker 1: is about double from two thousand and one it was 699 00:35:47,200 --> 00:35:49,440 Speaker 1: seven point seven trillion. So to make up that gap 700 00:35:49,480 --> 00:35:52,520 Speaker 1: of prices raising higher and wages dropping, we've had to 701 00:35:52,520 --> 00:35:55,560 Speaker 1: add or double the amount of household debt, which is 702 00:35:55,600 --> 00:35:58,120 Speaker 1: a pretty big deal. That household debt is a drag 703 00:35:58,480 --> 00:36:00,759 Speaker 1: on the economy. So now instead of plowing new money 704 00:36:00,760 --> 00:36:03,680 Speaker 1: into things that could make me money, like investments or 705 00:36:03,760 --> 00:36:06,319 Speaker 1: living a good life, now I have to just pay debt. Right, 706 00:36:06,480 --> 00:36:10,040 Speaker 1: Debt basically pulls value from the future and brings it back, 707 00:36:10,719 --> 00:36:12,480 Speaker 1: and so that's what we've seen. So we can basically 708 00:36:12,520 --> 00:36:16,080 Speaker 1: see from all of these examples how literally your life 709 00:36:16,120 --> 00:36:19,960 Speaker 1: is being stolen from you. Instead of being able to 710 00:36:20,000 --> 00:36:21,920 Speaker 1: work less hours, to hang out with your kids, instead 711 00:36:21,960 --> 00:36:25,480 Speaker 1: of taking your family on a nice vacation, you can't 712 00:36:25,520 --> 00:36:27,920 Speaker 1: afford that. You got to pay for the debt, the 713 00:36:27,920 --> 00:36:29,759 Speaker 1: debt that you had to pay because your cost of 714 00:36:29,800 --> 00:36:33,920 Speaker 1: living went up so fast. It's literally your life. You 715 00:36:33,960 --> 00:36:37,120 Speaker 1: were working more hours to have a lower quality of 716 00:36:37,160 --> 00:36:40,040 Speaker 1: life than you had before. And again, why is that, Well, 717 00:36:40,120 --> 00:36:42,120 Speaker 1: it's all back to the government. It's all back to 718 00:36:42,160 --> 00:36:44,439 Speaker 1: the endless amount of money printing that we have. As 719 00:36:44,480 --> 00:36:46,799 Speaker 1: they print more money, the money buys less and less 720 00:36:46,800 --> 00:36:48,799 Speaker 1: goods and services. As the money buys less and less 721 00:36:48,800 --> 00:36:52,600 Speaker 1: goods and services, Yes, your cost of living goes up. 722 00:36:52,920 --> 00:36:54,520 Speaker 1: And this is the big deal. It's the fight of 723 00:36:54,520 --> 00:36:56,080 Speaker 1: our life. It's why I'm going to continue to keep 724 00:36:56,120 --> 00:36:58,400 Speaker 1: it at the forefront of this and continue bringing it 725 00:36:58,480 --> 00:37:00,440 Speaker 1: to you. But you know, one way that we can 726 00:37:00,480 --> 00:37:03,239 Speaker 1: do this is by uh we can save the democracy, 727 00:37:03,320 --> 00:37:05,920 Speaker 1: is by saving ourselves. So hopefully you understand this. We 728 00:37:05,960 --> 00:37:08,040 Speaker 1: need to put it squarely in the hands of the government. 729 00:37:08,120 --> 00:37:10,240 Speaker 1: This is what I like about In Argentina. President Mealy 730 00:37:10,600 --> 00:37:14,160 Speaker 1: has this understood. He's put it directly in his crosshairs. 731 00:37:14,320 --> 00:37:17,359 Speaker 1: The people of Argentina have rallied behind him and they 732 00:37:17,400 --> 00:37:19,480 Speaker 1: are going to attack this. Will they fix it? I 733 00:37:19,520 --> 00:37:21,960 Speaker 1: don't know. We'll wait and see, but I'm hopeful for 734 00:37:22,000 --> 00:37:23,680 Speaker 1: that anyway. If you're just tuning, you're listening to the 735 00:37:23,680 --> 00:37:25,520 Speaker 1: Mark mass Show, I'd love it. If you're listening on 736 00:37:25,520 --> 00:37:27,760 Speaker 1: your podcast player, if you could give me a review 737 00:37:27,880 --> 00:37:30,600 Speaker 1: of the show, hit me up on social media, let 738 00:37:30,640 --> 00:37:32,759 Speaker 1: me know if you're listening. And that's what I got. 739 00:37:32,920 --> 00:37:35,960 Speaker 1: Until next time. To your success. I'm out