WEBVTT - The Mark Moss Show Mar 23, 2022 0:00:00.040 --> 0:00:03.040 All right, welcome back. You are listening to another episode 0:00:03.040 --> 0:00:06.640 of the Mark Moa show where we are discussing we're 0:00:06.680 --> 0:00:08.760 bringing you up to speed and we're helping you navigate 0:00:09.000 --> 0:00:11.920 the intersection of politics, finance, and technology. Of course, we're 0:00:11.960 --> 0:00:15.320 talking about the decentralized revolution that is changing the world 0:00:15.400 --> 0:00:18.600 as we know it today. It's happening really fast. Now. 0:00:18.680 --> 0:00:20.759 I try to bring you the education you need so 0:00:20.800 --> 0:00:24.200 you can understand these complex subjects very simply and you 0:00:24.239 --> 0:00:26.360 can help to navigate them a little bit better. I 0:00:26.400 --> 0:00:28.760 also try to bring you the latest breaking news so 0:00:28.800 --> 0:00:30.520 you're up to date on what's going on. And that's 0:00:30.520 --> 0:00:36.200 exactly what we're talking about today, because man, it's changing fast. 0:00:36.400 --> 0:00:38.000 If you're not up to date on what's going on, 0:00:38.400 --> 0:00:41.760 then you you're just not You're just not keeping up 0:00:41.760 --> 0:00:42.920 with what's going on the world today, and that that 0:00:42.960 --> 0:00:50.319 could be very dangerous for you, both socially, politically and financially. UM. 0:00:50.360 --> 0:00:53.000 I like to say on iron Rand quote, if you 0:00:53.000 --> 0:00:54.920 don't know who iron Rand is, then you're missing out 0:00:54.960 --> 0:00:56.920 on that as well. You should really read more books. 0:00:57.280 --> 0:01:00.640 So you wrote the book Atlas Rugged, which is a 0:01:00.680 --> 0:01:03.480 great book. Um, it's a long book. If you haven't 0:01:03.520 --> 0:01:05.240 read it, you should put it on your list of 0:01:05.280 --> 0:01:07.959 books to read. And if you're not gonna put on 0:01:07.959 --> 0:01:10.200 your list of books to read, then at least watch them. 0:01:10.240 --> 0:01:14.160 At least watch the movie. They made a movie about it. Um, true, True. 0:01:14.160 --> 0:01:16.479 Iron Man fans of Atlas Shrugg don't like the movie. 0:01:16.800 --> 0:01:18.679 I think it's pretty good. Um And you can watch 0:01:18.720 --> 0:01:20.360 it about two hours and it's actually pretty good with 0:01:20.360 --> 0:01:22.720 some pretty good actors, and it's it's entertaining. So check 0:01:22.760 --> 0:01:26.399 that out Atlas Shrugged. But anyway, back to her quote, 0:01:26.440 --> 0:01:30.440 she says that you can choose to ignore reality, but 0:01:30.560 --> 0:01:34.280 you can't ignore the consequences of reality. And so I 0:01:34.319 --> 0:01:36.120 get it if you're not always paying attention to this stuff, 0:01:36.120 --> 0:01:37.760 but it's not going to change the fact that it's 0:01:37.760 --> 0:01:40.480 going to impact your life. So you can either be 0:01:40.560 --> 0:01:43.600 surprised and wonder what happened, or you can make things happen. 0:01:43.680 --> 0:01:46.160 I guess that's a better way to say it. On 0:01:46.200 --> 0:01:49.800 a light note, I saw today that the Senate unanimously 0:01:49.960 --> 0:01:54.080 passed a bill to make daylight savings time permanent. Wow. 0:01:54.160 --> 0:01:58.280 That's pretty interesting. It's been nice having the longer hours, 0:01:58.320 --> 0:02:00.840 the longer daylight here at the at the end of 0:02:00.840 --> 0:02:03.200 the day. Hopefully you've been enjoying that looks like it 0:02:03.240 --> 0:02:05.240 could be permanent. Still has to get through the house, 0:02:05.280 --> 0:02:08.359 I suppose, But um, shoot, that could be. That could 0:02:08.360 --> 0:02:11.359 be a real thing. Not my typical topic. I just 0:02:11.400 --> 0:02:12.840 happened to see that pop up and I thought it 0:02:12.880 --> 0:02:15.839 was interesting. But you know, UM, a lot of things 0:02:15.840 --> 0:02:18.480 are happening, you know, as this world is going through 0:02:18.520 --> 0:02:21.880 this crazy pace. UM. I've been talking about how UM 0:02:22.320 --> 0:02:25.400 and the war with Russia Ukraine and the sanctions at 0:02:25.400 --> 0:02:27.080 the US and other nations are imposing on and how 0:02:27.080 --> 0:02:30.000 it's really radically changing the system as we know it. 0:02:30.720 --> 0:02:35.000 And it seems like, man, it just seems like they 0:02:35.040 --> 0:02:38.360 just can't stop doing things that are leading to their 0:02:38.360 --> 0:02:42.760 own demiyes, like literally destroying them. Oh man, if you 0:02:42.760 --> 0:02:48.200 guys remember back UM there was the famous a game 0:02:48.280 --> 0:02:54.040 stop where UM all these traders from UM Reddit Wall 0:02:54.040 --> 0:02:55.600 Street bets went on and they put a bunch of 0:02:55.600 --> 0:02:58.920 shorts where they did a short squeeze on a game 0:02:58.960 --> 0:03:02.600 stop where a hedge fund UM I believe with Melvin 0:03:02.639 --> 0:03:05.480 Capital was super super short. They had placed a lot 0:03:05.520 --> 0:03:07.839 of short bets basically betting that the price of game 0:03:07.840 --> 0:03:10.320 Stop would go down, and they're trying to drive the 0:03:10.360 --> 0:03:13.000 price of that stock down. And a bunch of nostalgic 0:03:15.400 --> 0:03:17.680 I don't know what we'll call them, not really investors, 0:03:17.680 --> 0:03:19.639 but traders, I guess we'll call them that to be nice, 0:03:19.720 --> 0:03:21.560 or degenerate gamblers if I want to be a little 0:03:21.560 --> 0:03:24.880 bit more mean. But basically, all these nostalgic uh UM 0:03:25.000 --> 0:03:27.040 traders got on to Reddit and they kind of organized 0:03:27.040 --> 0:03:28.680 this thing to do a short squeeze, which was to 0:03:28.880 --> 0:03:31.600 buy buy it to push the price up. And what 0:03:31.680 --> 0:03:36.000 happens is when they were short that game Stop, they're 0:03:36.000 --> 0:03:39.480 basically borrowing against it, and so as the price starts 0:03:39.560 --> 0:03:43.160 moving up, they're losing money because they're shorting it. They're 0:03:43.160 --> 0:03:44.800 betting the price will go down. But as the price 0:03:44.840 --> 0:03:46.760 went up, they were losing money, and so they had 0:03:46.760 --> 0:03:50.800 to keep putting more money in to UM to keep 0:03:50.840 --> 0:03:54.000 their position going. And the these Reddit traders from Wall 0:03:54.000 --> 0:03:55.920 Street bets were able to put so much money in 0:03:56.520 --> 0:03:58.880 that it nearly bankrupt Melvin Capital and they had to 0:03:58.880 --> 0:04:00.640 get a bunch of money and few But then what 0:04:00.680 --> 0:04:04.120 happened was even worse UM than like Robin Hood halted trading, 0:04:04.240 --> 0:04:06.600 and then UM they read it, shut down the message board, 0:04:06.640 --> 0:04:09.280 and Discord shut down their servers, and they did everything 0:04:09.280 --> 0:04:11.600 they could just stop that. They made it where people 0:04:11.640 --> 0:04:16.440 couldn't sell anymore, all these things to protect Wall Street. 0:04:17.320 --> 0:04:20.039 So Wall Street didn't lose any more money. And as 0:04:20.040 --> 0:04:22.320 bad as that was, as much as that ruined the 0:04:22.360 --> 0:04:26.280 integrity of the system in my in my view, it's 0:04:26.279 --> 0:04:28.680 only continued to get worse. And so we saw this week, 0:04:29.320 --> 0:04:31.640 as as as I've been talking about a lot as 0:04:31.720 --> 0:04:33.800 you listen to me on a regular basis, as the 0:04:33.839 --> 0:04:35.880 governments around the world, all the central banks around the 0:04:35.880 --> 0:04:40.479 world continue to print an unlimited amount of fake counterfeit 0:04:41.560 --> 0:04:45.400 paper feat currency created created money from thin air. And 0:04:45.440 --> 0:04:47.520 the more that they create money from thin air, the 0:04:47.600 --> 0:04:52.360 more people are gonna want to buy real, tangible, real 0:04:52.400 --> 0:04:56.440 things that can't be artificially increased or inflated were created. 0:04:57.080 --> 0:05:01.120 So um, those are things like commodities, those things like oil, 0:05:01.640 --> 0:05:05.440 like wheat, like gold, like nickel, and yes, like bitcoin, 0:05:05.839 --> 0:05:07.640 bitcoins not tangible you can't hold in your hand, but 0:05:07.920 --> 0:05:12.839 it can't be artificially created. Um. And so we saw 0:05:13.160 --> 0:05:16.520 this week something big happened. I saw um that the 0:05:16.839 --> 0:05:20.960 l m E forced a halt to nickel trading, and 0:05:21.000 --> 0:05:24.919 it canceled deals after prices topped over a hundred thousand dollars. 0:05:25.560 --> 0:05:27.719 So this was this was unprecedented. The LEEMY is the 0:05:27.839 --> 0:05:31.240 London Metal Exchange. Now, what a lot of people don't 0:05:31.240 --> 0:05:34.040 know probably about the metal industry the gold industry is 0:05:34.080 --> 0:05:38.599 that it's it's uh probably the farthest thing from like 0:05:38.640 --> 0:05:41.880 an actual free market. Um So a free market, you know, 0:05:41.920 --> 0:05:44.839 stocks are basically trading freely every day and through the 0:05:44.880 --> 0:05:48.240 buying and selling, it finds um price discovery, right, the 0:05:48.240 --> 0:05:50.839 prices discovered. But the gold markets don't work like that. 0:05:51.040 --> 0:05:53.320 Um they're set um. The price of gold set every 0:05:53.320 --> 0:05:55.360 morning by a couple of guys on the phone call 0:05:55.880 --> 0:05:58.279 from the l b M, a Lennon Buoyon Market Exchange, 0:05:58.680 --> 0:06:01.240 and and they they basically set the price. And so 0:06:01.400 --> 0:06:03.920 we also have the London Metal Exchange the ELEEMY. They 0:06:03.920 --> 0:06:05.680 also kind of control the price. And so they were 0:06:05.720 --> 0:06:09.000 forced to halt nickel trading. And nickels a commodity. It's 0:06:09.000 --> 0:06:13.360 a mineral that's used especially for UM batteries, for ev vehicles, 0:06:13.400 --> 0:06:17.400 things like that, And they canceled trades after prices doubled 0:06:17.400 --> 0:06:19.360 on Tuesday, to more than a hundred thousand dollars per 0:06:19.400 --> 0:06:23.200 ton um, and it was blamed on short covering by 0:06:23.240 --> 0:06:25.200 one of the world's top producers, so very similar to 0:06:25.240 --> 0:06:28.479 what happened with game stop short covering. And so what 0:06:28.520 --> 0:06:30.560 happens is a lot of times these producers, because they're 0:06:30.600 --> 0:06:33.880 so long, meaning they're they have so much material in 0:06:33.880 --> 0:06:35.880 the ground, they're they're long if they own it. If 0:06:35.920 --> 0:06:38.960 you own it, you're basically uh, betting that the price 0:06:39.000 --> 0:06:41.160 goes up. That means you're long. And so a lot 0:06:41.200 --> 0:06:43.120 of times these producers, since they're already so long, they'll 0:06:43.160 --> 0:06:45.799 go ahead and put some shorts to kind of hedge 0:06:45.839 --> 0:06:47.920 that if the price drops down, they're protected a little bit. 0:06:48.560 --> 0:06:51.360 And we saw that the shot came after as Western 0:06:51.400 --> 0:06:55.080 sanctions threatened supply from major producer Russia. So all these 0:06:55.320 --> 0:06:59.520 all these sanctions on Russia has created lots of unintended consequences, 0:06:59.560 --> 0:07:02.559 and so it threatened the supply and remember supply demand. 0:07:02.560 --> 0:07:04.640 If you don't have enough supply and demand stays up, 0:07:05.000 --> 0:07:06.960 then what happens with the price that goes up? Obviously, 0:07:07.240 --> 0:07:09.840 and it says uh, it marked the biggest crisis to 0:07:09.920 --> 0:07:14.520 hit the one and forty five year old exchange in decades, 0:07:15.280 --> 0:07:19.160 and I said, it's it's unprecedented, they said. They said. 0:07:19.200 --> 0:07:21.000 The suspension of the nickel market has created a number 0:07:21.000 --> 0:07:23.040 of issues for market participants which need to be addressed. 0:07:23.600 --> 0:07:26.200 Buyers are scrambling for the medal crucial for making stainless 0:07:26.200 --> 0:07:29.200 steel electric vehicles, and traders said some positions holders have 0:07:29.320 --> 0:07:31.920 also been struggling to pay margin calls. So these people 0:07:31.960 --> 0:07:34.600 that are short it are being caught on the wrong 0:07:34.640 --> 0:07:36.480 side another' having to meet these margin calls, are having 0:07:36.480 --> 0:07:38.640 to come up with this money. But that's not the 0:07:38.720 --> 0:07:40.120 that's not the story I'm really to want to tell 0:07:40.160 --> 0:07:42.120 you here. The story I want to tell you here 0:07:42.640 --> 0:07:48.200 is that in order to save a few big investors, 0:07:48.680 --> 0:07:53.560 to save Wall Street, basically the l m E halted 0:07:53.720 --> 0:07:58.840 all trading. And not just halted trading, they canceled orders 0:07:58.920 --> 0:08:03.080 on individual investors who had made millions and millions of dollars. 0:08:03.120 --> 0:08:05.720 Said nope, you made, you made, you risked your money. 0:08:05.760 --> 0:08:09.080 You did the hard work, you did the research, you 0:08:09.120 --> 0:08:11.360 took all the risk, you made all the money. Congratulations, 0:08:11.400 --> 0:08:15.400 but we're not going to pay you. We canceled all that. Sorry. 0:08:15.760 --> 0:08:18.800 And in order to say supposedly, in order to save 0:08:18.880 --> 0:08:22.640 the system from crashing, they had to ruin the entire 0:08:22.720 --> 0:08:26.200 integrity of the system. And this is what happens at 0:08:26.200 --> 0:08:29.160 the end of these long term debt cycles. I read 0:08:29.200 --> 0:08:31.640 a quote a last segment from Vladimir Lenin when he says, 0:08:32.000 --> 0:08:34.840 at the end of this cycle, UM, basically the best 0:08:34.840 --> 0:08:37.120 way to get money would be two would be gambling 0:08:37.120 --> 0:08:39.480 and theft. And that's exactly what happened. And so we're 0:08:39.520 --> 0:08:43.680 witnessing this breakdown in real time. I mean the last time, 0:08:44.120 --> 0:08:46.560 I mean, the Leemy basically just decided to cancel four 0:08:46.559 --> 0:08:49.240 billion dollars worth of nickel trades last week just to 0:08:49.400 --> 0:08:53.040 save Wall Street. They save JP Morgan and some local brokers. 0:08:53.559 --> 0:08:55.720 It's that bad. And I mean, this is dwarfs everything, 0:08:55.720 --> 0:08:59.000 And so we're literally witnessing the system crashing. Um. I 0:08:59.040 --> 0:09:01.520 got a lot more, a big one with Saudi Arabia 0:09:01.559 --> 0:09:03.040 and what's gonna happen with the oil and the dollar, 0:09:03.440 --> 0:09:05.160 maybe the final stake in the dollar. That's the one 0:09:05.200 --> 0:09:07.040 to talk about. I want to talk about bitcoin and work, 0:09:07.040 --> 0:09:08.880 and bitcoin fixed work and fix a lot of things. 0:09:09.120 --> 0:09:10.920 I want to talk about Europe's trying to do with 0:09:10.920 --> 0:09:15.360 with cryptocurrencies that could really affect the future. UM Deloitte, 0:09:15.360 --> 0:09:17.240 one of the biggest financial institutions in the United States. 0:09:17.280 --> 0:09:19.040 What they've recently said, I got a lot more to 0:09:19.080 --> 0:09:21.240 cover when I get back. You're listening to the Mark 0:09:21.280 --> 0:09:24.640 Moa show talking about the intersection of finance, politics and technology, 0:09:24.960 --> 0:09:27.439 talking about the decentralized revolution, trying to make it all 0:09:27.440 --> 0:09:29.840 sense makes sense to you. You can see it all 0:09:29.840 --> 0:09:32.480 in context. I'm gonna be back with a lot more. 0:09:32.559 --> 0:09:35.040 Do not go away, all right, Welcome back. You are 0:09:35.080 --> 0:09:39.440 listening to the Mark mo Show, talking you through the 0:09:39.520 --> 0:09:41.600 changes that are happening in the world right now, talking 0:09:41.679 --> 0:09:44.800 you through the changes that are really being brought by 0:09:44.960 --> 0:09:48.240 three cycles converging right now. That's politics, finance, and technology 0:09:48.320 --> 0:09:52.040 all coming together. We're talking about the decentralized revolution um 0:09:52.080 --> 0:09:54.640 that we're witnessing, that we're living through right now and 0:09:54.920 --> 0:09:57.200 every day if there's something really big happening. Before the break, 0:09:57.200 --> 0:10:00.040 I was talking about how um the Ellemy the in 0:10:00.120 --> 0:10:04.120 the middles Exchange canceled over four billion dollars worth of trades. 0:10:04.120 --> 0:10:06.439 Basically just told a bunch of people, sorry, you you 0:10:06.440 --> 0:10:08.080 you don't you don't get your money. I mean, they 0:10:08.080 --> 0:10:11.440 did that to save you know, Wall Street, save JP Morgan, 0:10:12.200 --> 0:10:14.800 and they destroyed the integrity of the system to potentially 0:10:14.840 --> 0:10:16.480 save a couple of people. And this is just happening 0:10:16.480 --> 0:10:18.800 more and more and more. The United States is really 0:10:18.800 --> 0:10:21.000 trying to torpedo their own grip on the world. Of course, 0:10:21.000 --> 0:10:23.439 the US dollar is the reserve currency of the world. 0:10:23.480 --> 0:10:27.120 What does that mean? That means that UM, that it's 0:10:27.120 --> 0:10:29.679 the reserve currency. That means that nations around the world 0:10:29.920 --> 0:10:32.400 hold their wealth in dollars. If you're if you're if 0:10:32.400 --> 0:10:34.800 you're a nation, you have hundreds of billions of dollars. 0:10:34.800 --> 0:10:37.400 How do you hold that? Well, you probably hold some 0:10:37.520 --> 0:10:40.480 gold and you also typically hold US dollars in US 0:10:40.520 --> 0:10:44.800 dollar treasuries and UM. When the sanctions started in the 0:10:44.840 --> 0:10:50.480 United States, basically UM seized Russia's bank accounts, Russia being 0:10:50.520 --> 0:10:54.560 one of three global superpowers. Now there's other superpowers with nukes. 0:10:54.920 --> 0:10:57.520 Russia's one of three global superpowers with nukes. UM. The 0:10:57.520 --> 0:11:00.600 rest of countries are tier two though. UM. But if 0:11:00.600 --> 0:11:03.959 you're Russia, one of three globes prowers with nukes and 0:11:04.000 --> 0:11:07.440 your bank accounts got frozen and seized. If it can 0:11:07.480 --> 0:11:09.240 happen to the Russia. It can happen to any country 0:11:09.240 --> 0:11:11.440 in the world. And the other countries around the world said, 0:11:12.600 --> 0:11:14.679 we'll shoot, we don't really want to hold our all 0:11:14.679 --> 0:11:17.160 our savings in dollars anymore. That doesn't make any sense 0:11:17.200 --> 0:11:20.040 if they're just gonna take it from us. And so 0:11:20.080 --> 0:11:22.000 the whole world is trying to figure that out. Now, 0:11:22.040 --> 0:11:24.400 if I take you back in time a little bit, 0:11:24.679 --> 0:11:26.160 if you watch any of my content, are listening to 0:11:26.160 --> 0:11:27.800 me on a regular basis, you know that I love 0:11:27.840 --> 0:11:30.560 to talk about history. I love the historical context of this. 0:11:31.200 --> 0:11:33.560 And so if we go back in time, in the 0:11:33.640 --> 0:11:36.280 entire world's financial system was reset in what was called 0:11:36.280 --> 0:11:39.760 the Breton Woods Agreement, and basically, um, the dollar would 0:11:39.760 --> 0:11:42.200 be backed by gold. Thirty five dollars would be exchangeable 0:11:42.240 --> 0:11:44.880 for one ounce of gold, and then all the currencies 0:11:44.920 --> 0:11:47.280 of the world would be backed or would be pegged 0:11:47.360 --> 0:11:49.200 to the dollar. So the entire world was on this 0:11:49.240 --> 0:11:53.320 gold system, and it worked really well because, um, you 0:11:53.360 --> 0:11:55.840 can't just artificially create more dollars, because you've had to 0:11:55.880 --> 0:11:58.560 have the gold. Well. In nineteen seventy one, then President 0:11:59.000 --> 0:12:03.040 Richard Nixon removed the dollar from the gold standard and 0:12:03.080 --> 0:12:04.920 when the dollar was removed from the gold standard, then 0:12:05.120 --> 0:12:07.040 all the other currencies of the world were pegged to 0:12:07.080 --> 0:12:10.360 the dollar. We're also removed from the gold standard, and 0:12:10.400 --> 0:12:12.559 so then why would anybody use gold? I mean, I'm sorry, 0:12:12.600 --> 0:12:15.760 why would anybody use dollars? And so the whole system 0:12:15.760 --> 0:12:18.080 got shaken up, and a couple of years later we 0:12:18.280 --> 0:12:21.280 entered into what was called the petro dollar system. And 0:12:21.320 --> 0:12:24.200 the petro dollar system basically said that the whole world 0:12:24.240 --> 0:12:26.840 needs oil, and Saudi Arabia produces all the world's oil. 0:12:27.240 --> 0:12:28.880 And so what we'll do is the United States will 0:12:28.880 --> 0:12:31.760 make a deal with Saudi Arabia where we promise the 0:12:31.800 --> 0:12:35.840 United States promises to always take care of you. This 0:12:35.960 --> 0:12:38.440 might bring answer some questions as to why the US 0:12:38.520 --> 0:12:41.400 is always trying to take care of Saudi Arabia. You 0:12:41.480 --> 0:12:45.240 might remember after one after nine eleven UM, then President 0:12:45.880 --> 0:12:49.480 Bush was secretly flying uh Saudi people out of the 0:12:49.520 --> 0:12:52.680 country UM when no one was allowed to fly UM. 0:12:52.760 --> 0:12:55.320 And this is why UM. So the United States basically 0:12:55.320 --> 0:12:58.440 promised to always have Saudi Arabia's back, always, always protect 0:12:58.440 --> 0:13:04.400 them militarily, etcetera. If Saudi Arabia would always sell, always 0:13:04.559 --> 0:13:08.480 price oil in US dollars. Since the whole world needed 0:13:08.480 --> 0:13:12.440 Saudia's oil, the US was able to maintain the US 0:13:12.480 --> 0:13:18.160 dollar reserve status through what's called the petro dollar. But 0:13:18.200 --> 0:13:20.880 the petro dollar is dying. The petro dollar is changing, 0:13:21.240 --> 0:13:24.319 and it changed rapidly right before our very eyes this week. 0:13:24.320 --> 0:13:27.640 As a matter of fact, per Yahoo News, Saudi Arabia 0:13:27.720 --> 0:13:33.239 reportedly is considering accepting Yuan's Chinese currency instead of dollars 0:13:33.240 --> 0:13:38.920 for oil cells. And don't don't don't underestimate how big 0:13:38.920 --> 0:13:41.120 this news is. UM. A lot of times, when you 0:13:41.160 --> 0:13:43.960 see this stuff happening in real time, you just don't 0:13:44.040 --> 0:13:47.520 really get it, um. But when you look backwards in time, 0:13:47.559 --> 0:13:49.320 you can see these key points in time that were 0:13:50.320 --> 0:13:53.280 really instrumental, pivotal, and this is one of those. So 0:13:53.640 --> 0:13:55.599 it says Saudi and Chinese officials are in talks to 0:13:55.720 --> 0:13:58.760 price some of the Gulf nation's oil cells and want 0:13:58.920 --> 0:14:04.680 rather than dollars or euros um. It says that nearly 0:14:04.800 --> 0:14:08.319 eighty percent of global oil sales are priced in dollars. 0:14:08.320 --> 0:14:11.480 Since the mid nineties seventies, which is when the petrol 0:14:11.520 --> 0:14:14.400 dollar was put into place, the Saudis have exclusively used 0:14:14.400 --> 0:14:16.760 the dollar for oil trading as part of a security 0:14:16.760 --> 0:14:19.960 agreement with the US government. This is reading from a 0:14:20.040 --> 0:14:23.400 Yahoo article, UM. And so there you have it. Now, 0:14:23.440 --> 0:14:25.600 the talks are the latest in ongoing effort by Beijing 0:14:25.640 --> 0:14:28.160 both to make its currency tradeable in international oil markets 0:14:28.200 --> 0:14:34.640 and strengthen its relationship with the Saudis. Specifically, Oh, there 0:14:34.640 --> 0:14:38.280 we go. So, Um, the US had this deal and 0:14:38.360 --> 0:14:41.520 now it's all fallen apart. China's weaseled their way in there, 0:14:41.640 --> 0:14:44.840 and they're they've been aiding them with construction of ballistic 0:14:44.880 --> 0:14:50.080 missiles and consultation on nuclear power. UM. And at the 0:14:50.120 --> 0:14:53.000 same time, it says, Uh, the Saudi US relationship has 0:14:53.000 --> 0:14:58.080 been increasingly frayed in recent years. UM. There was an 0:14:58.120 --> 0:15:00.560 assassination of a journalist in two thou An eight team 0:15:00.600 --> 0:15:04.000 that caused that problem, and then President Biden, who has 0:15:04.000 --> 0:15:09.080 said the assassination should make the kingdom a quote unquote pariah. 0:15:09.160 --> 0:15:12.840 And so things have just been falling apart with Saudi Arabia. 0:15:13.120 --> 0:15:15.960 Biden's comment to them really seemed to throw them over 0:15:16.000 --> 0:15:18.640 the edge. And so we've seen this starting to fall apart. 0:15:18.640 --> 0:15:20.720 Of course, like I said, China has moved in, Um, 0:15:20.800 --> 0:15:24.480 Saudi Arabia has now started moving oil over to China, 0:15:24.760 --> 0:15:27.320 providing one point seven six million barrels of oil a 0:15:27.480 --> 0:15:32.720 day to the country last year. Um. But now, like 0:15:32.760 --> 0:15:36.560 I said, um, selling it outside of the US dollar, 0:15:36.600 --> 0:15:39.080 which I said of it is in U S dollars. 0:15:39.120 --> 0:15:42.760 This is a big, big, big deal, especially if you're 0:15:42.760 --> 0:15:44.440 in the United States. Well, it's really for the whole world. 0:15:44.760 --> 0:15:47.760 I mean, if the world's reserved status changes, the entire 0:15:47.760 --> 0:15:49.960 world changes because it's the world's reserve status. So not 0:15:50.040 --> 0:15:52.800 just as the United States person, it happens all over 0:15:52.840 --> 0:15:54.680 the world. UM, this is something big that you need 0:15:54.720 --> 0:15:56.320 to be paying attention to. So that's why I'm bringing 0:15:56.320 --> 0:15:59.360 it to your attention. Um, the world's changing. Now, what 0:15:59.480 --> 0:16:03.920 will be eat the new reserve? Can we really trust 0:16:04.000 --> 0:16:07.040 any nation? I mean nobody trusts. Nobody trust China. Is 0:16:07.080 --> 0:16:10.640 they're really going to use the Chinese on um. And 0:16:10.680 --> 0:16:13.320 this is where I think bitcoin comes into play. Of 0:16:13.360 --> 0:16:16.120 course gold is still in play there as well. But 0:16:16.160 --> 0:16:18.600 this is big news. The world that we know it 0:16:18.800 --> 0:16:21.040 is changing place and a lot of this is the catalyst. 0:16:21.160 --> 0:16:24.120 Is this war right this war that's happening right now, 0:16:24.960 --> 0:16:31.200 and it's it's it's it's the catalyst like I said, Um, first, 0:16:31.320 --> 0:16:33.680 the sanctions, we kick everybody out of the financial system. 0:16:33.680 --> 0:16:35.440 Those people that were kicked out of the financial system 0:16:35.480 --> 0:16:37.960 now have to find another way to survive. They're not 0:16:37.960 --> 0:16:40.160 just gonna go die, So how do they continue survival. 0:16:40.200 --> 0:16:41.640 We can't use the US dollar anymore. We have to 0:16:41.720 --> 0:16:45.320 find something else. And then um, then we say other nations, 0:16:45.400 --> 0:16:47.400 now you can't trade with Russia either, But the other 0:16:47.520 --> 0:16:50.040 nations are like, but shoot, we still need their supplies. 0:16:50.160 --> 0:16:52.320 We still need their food. So Russia and Ukraine make 0:16:52.400 --> 0:16:54.840 up about thirty percent of the wheat and corn for 0:16:54.880 --> 0:16:56.880 the world, so the rest of the world needs that. 0:16:57.440 --> 0:16:59.200 And it's like, well, shoot, like we kind of need that, 0:16:59.400 --> 0:17:01.000 and like your make in the sanction them and then 0:17:01.080 --> 0:17:03.800 people start, you know, it starts falling apart. Next thing, 0:17:03.880 --> 0:17:07.439 you know, the petro dollar, which has kept the dollars 0:17:07.480 --> 0:17:10.399 reserve status alive since we left the gold standard, falls apart, 0:17:11.440 --> 0:17:15.800 and the world as we know it changes right before 0:17:15.960 --> 0:17:19.800 our very eyes. Um. Interesting, interesting news. Now there's some 0:17:19.840 --> 0:17:22.200 other stuff going on. There's specifically, there's stuff in the 0:17:22.280 --> 0:17:25.840 news this week where the EU, the Europe Europe has 0:17:25.920 --> 0:17:27.680 been trying to weigh in on what they want to 0:17:27.680 --> 0:17:31.240 do with cryptocurrencies. Hint. They want to put a lot 0:17:31.480 --> 0:17:33.920 of regulations in place on them. UM, A lot of 0:17:33.960 --> 0:17:37.600 regulations that could be very dangerous by holding back to 0:17:37.600 --> 0:17:40.879 the technology. Dangerous in that way. UM. The technology is 0:17:40.920 --> 0:17:43.000 needed to make this world better. The technology is needed 0:17:43.040 --> 0:17:44.720 for our kids to use it. The technology is needed 0:17:44.760 --> 0:17:48.400 to increase the economy. Uh. And and build out new places. Um. 0:17:49.320 --> 0:17:51.399 They don't want it. They don't want to discript their 0:17:51.440 --> 0:17:53.480 disrupt their monopoly. I want to talk about a couple 0:17:53.520 --> 0:17:55.560 of things that they did. UM. One of them is 0:17:55.640 --> 0:17:58.159 just so idiotic that I just can't even believe they 0:17:58.280 --> 0:18:00.520 put this forward without thinking about it, which, of course 0:18:00.560 --> 0:18:03.119 they don't want to talk about that. Um. And then 0:18:03.160 --> 0:18:06.040 I want to talk about some actual data that shows 0:18:06.119 --> 0:18:08.840 which way the market for cryptocurrencies is going a lot 0:18:08.880 --> 0:18:10.920 of stuff. When I come back, UM, you listen to 0:18:11.000 --> 0:18:12.960 the Mark Moss Show. I've got a lot more. Don't 0:18:13.040 --> 0:18:16.480 go away, I'll be right back. Everyone. Welcome back. You're 0:18:16.520 --> 0:18:19.600 listening to the Mark Moss Show. We're talking about I'm 0:18:19.640 --> 0:18:22.280 talking you through I'm trying to bring context to the 0:18:22.320 --> 0:18:25.320 world by telling you about politics and finance and technology. 0:18:25.520 --> 0:18:28.320 If you can understand how these three things feed into 0:18:28.359 --> 0:18:30.480 each other. You can understand what's going on in the 0:18:30.480 --> 0:18:34.000 world today, you can know how to navigate it, how 0:18:34.040 --> 0:18:37.440 to prepare for it, and all these things. Now, before 0:18:37.480 --> 0:18:39.520 the break, we we talked about some of these giant 0:18:39.680 --> 0:18:42.719 catalysts that just happened that maybe don't seem that big 0:18:42.720 --> 0:18:45.840 when you're looking at him, but I can promise you 0:18:46.480 --> 0:18:48.800 in ten twenty years from now, when we're looking backwards, 0:18:49.000 --> 0:18:53.239 these dates are going to be the key pivotal points. Um. 0:18:53.280 --> 0:18:54.800 If you've missed him, I'm not gonna recap for you. 0:18:54.920 --> 0:18:57.080 Sorry about that. Make sure you don't miss him next time. 0:18:57.600 --> 0:18:59.240 Or you can check it out on the Mark Moss 0:18:59.600 --> 0:19:02.720 uh Paul podcast. Just search Mark Moss podcast or Mark 0:19:02.800 --> 0:19:04.560 Moss I Heart. You can find that and you can 0:19:04.680 --> 0:19:07.200 catch up there. Uh So, don't worry. I got your back. 0:19:07.800 --> 0:19:10.080 But like I said, these are gonna be key pivotal moments. 0:19:10.119 --> 0:19:12.520 I mean, you do not want to sleep on these things. 0:19:13.000 --> 0:19:16.040 Um and I and I just want to preface I 0:19:16.080 --> 0:19:17.680 have I have some more stories that they'g into, but 0:19:17.720 --> 0:19:19.600 I I want to preface that. I mean, I know 0:19:19.640 --> 0:19:21.119 a lot of stuff I talk about is scary, and 0:19:21.160 --> 0:19:24.440 it is change is scary. It leads the world to uncertainty. 0:19:24.480 --> 0:19:26.800 We don't know what the world holds in front of us, um, 0:19:28.119 --> 0:19:30.280 But I do believe that there's a lot of hope 0:19:30.320 --> 0:19:33.200 on the other side. So while it's scary, I'm I'm 0:19:33.240 --> 0:19:34.840 excited for the world. I think I think the world's 0:19:34.840 --> 0:19:36.760 gonna better place for my kids. I'm excited about that. 0:19:37.960 --> 0:19:41.119 But but it is uncertain and uncertain scare scary. UM. 0:19:41.160 --> 0:19:44.159 The way that we beat uncertainty is with optionality. And 0:19:44.240 --> 0:19:46.680 so the more options that we have, the more equipped 0:19:46.720 --> 0:19:48.600 we are to deal with this uncertainty that we deal with. 0:19:48.880 --> 0:19:50.080 Of course, one of the best ways to have more 0:19:50.119 --> 0:19:53.120 optionality is with money. And so if you can understand money, 0:19:53.119 --> 0:19:55.160 you can navigate money, you can keep your money through 0:19:55.200 --> 0:19:57.160 these turbulent times. You can come out on the other 0:19:57.240 --> 0:19:59.479 side of this much better. Um. And so that's why 0:19:59.520 --> 0:20:00.680 I spent a lot of time talking about it. I 0:20:00.720 --> 0:20:02.119