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Speaker 1: Hello, Welcome back to another episode of the Mark mass Show,

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Speaker 1: where I'm always running through the latest breaking news headlines

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Speaker 1: and the news related to the decentralized revolution, explaining how

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Speaker 1: the world is changing right before I have our eyes

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Speaker 1: and bringing context to it, some education so you can

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Speaker 1: see the world differently, some news headlines so you can

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Speaker 1: see the signposts, and of course always some interesting conversations

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Speaker 1: so you can hear us kind of debate these things.

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Speaker 1: And I have a returning guest, my show producer, Q

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Speaker 1: is back with me in the studio today. I want

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Speaker 1: to kind of dig into a couple of topics here. Cu.

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Speaker 1: Thanks so much for joining me today.

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Speaker 2: Thank you for having me again.

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Speaker 1: Mark. Always an pleasure, you know, man, obviously, you know,

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Speaker 1: we get together each week and talk about these different

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Speaker 1: news stories before we start recording the show. And man,

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Speaker 1: I think sometimes we spend more time talking about these

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Speaker 1: topics than I even spend talking about them on the radio,

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Speaker 1: you know, because it's fun to kind of go back

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Speaker 1: and sort of like unpack these things. They're big issues,

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Speaker 1: you know, some of the things that we saw this week.

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Speaker 1: It's been pretty slow in the overall, you know, Crypto

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Speaker 1: digital asset, bit coin, space this week. But some of

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Speaker 1: the things I saw that were pretty interesting that I

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Speaker 1: think we were talking about was sort of what's going

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Speaker 1: on with this NFT space in crypto specifically. I saw

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Speaker 1: something today that said that ninety five percent of the

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Speaker 1: crypto space is fts, not cryptos. Yes, NFTs.

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Speaker 2: They're worth zero e. They have zero value whatsoever. And

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Speaker 2: it's funny because the argument that you hear back is

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Speaker 2: but it has a utility. It's not just like you

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Speaker 2: can do shut up? Does everyone who's making those arguments.

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Speaker 2: You sound as stupid as we've been saying for years now.

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Speaker 2: It is laughable at best. But to your point, ninety

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Speaker 2: five percent of these projects are literally worth nothing zero.

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Speaker 1: Yeah, And the whole utility thing is, I mean, people

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Speaker 1: just repeat headlines and they don't know what they're meaning

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Speaker 1: by that. I saw this video unrelated, but I just

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Speaker 1: kind of related. I saw this video the other day

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Speaker 1: and it was some guy was interviewing these girls on

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Speaker 1: the street and I don't know what exactly he said,

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Speaker 1: but the girl says, you sound like a misogynist, and

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Speaker 1: he goes, could you tell me what that word means

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Speaker 1: because I'm not really sure what you mean by that,

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Speaker 1: and she like looked at him like with his blank stare,

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Speaker 1: and then she like whispers to her friend and then

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Speaker 1: they start laughing. And then her friend started to say

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Speaker 1: and he's like, so, could you just tell me what

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Speaker 1: that means? And like they couldn't tell him, right, and

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Speaker 1: we have we're in this kind of world where people

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Speaker 1: repeat these headlines, these cultural norms without really understanding what

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Speaker 1: they are. And so people repeat back like, oh, it

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Speaker 1: has uh, it has utility, but what does it even mean?

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Speaker 1: Like what kind of utility do they think that has?

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Speaker 2: I mean it ranges from oh I can use this

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Speaker 2: to buy a house or make it easier for me

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Speaker 2: to access my favorite celebrity or my least favorite of all.

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Speaker 2: There's a There's the worst NFT I ever heard of

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Speaker 2: was you buy a shoe and you would literally earn

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Speaker 2: more tokens if you go on a walk, but you

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Speaker 2: have to go on a walk at a specific time.

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Speaker 2: And someone was explaining this to me. I looked him

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Speaker 2: dead in the eyes and said, I don't need something

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Speaker 2: else to tell me what time to exercise. That literally

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Speaker 2: sounds like I'm giving in alloted time, like I'm in

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Speaker 2: a jail.

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Speaker 1: Like it.

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Speaker 2: They're not thinking these things through.

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Speaker 1: Yeah, And the problem with the NFT thing specifically was, well,

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Speaker 1: there's a whole bunch of problems with it, but one

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Speaker 1: what everyone had wrong with the crypto thing was that

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Speaker 1: and still do to this map to this to this

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Speaker 1: point is it it works for natively digital things. It

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Speaker 1: doesn't work for tying real world things to something digital.

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Speaker 1: So n f T for a deed on a house,

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Speaker 1: for example. So okay, so you have an your ded

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Speaker 1: on your house is now an n FT. But if

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Speaker 1: if someone won't move out of your house, what are

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Speaker 1: you gonna do? We're gonna call the police. Well, how

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Speaker 1: do the police know if it's your house? Well, they're

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Speaker 1: gonna go to the county recorder, and how it's a

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Speaker 1: kind of recorder where they have it recorded there. And

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Speaker 1: so what good is having this NFT for that deed

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Speaker 1: do for you? Doesn't anything? It just adds more complexity, right,

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Speaker 1: So it's like trying to attach a real world thing.

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Speaker 1: Only Bitcoin was able to get real world electricity and

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Speaker 1: turn it into something natively digital. I suppose you know,

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Speaker 1: and you know, being a bitcoiner, you constantly hear people

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Speaker 1: bash new new technology like NFTs. I'm not a video gamer.

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Speaker 1: But I do know, you know, people play video games,

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Speaker 1: and I know people spend lots of time playing video games,

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Speaker 1: and I know they spend lots of actual real world

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Speaker 1: money to buy you know, skins or power levels. And

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Speaker 1: I suppose a natively digital item like that, that I

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Speaker 1: could take this skin and resell it on a secondary

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Speaker 1: market or something like that potentially kind of makes sense

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Speaker 1: in the future that we're not seeing that, right, We

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Speaker 1: just saw like JPEGs right. The other thing was like

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Speaker 1: there was so much fraud, and what most people don't

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Speaker 1: realize is like it was really uncovered in the DeFi

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Speaker 1: space and it was basically the same thing. It was

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Speaker 1: just one guy selling to the next guy to the

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Speaker 1: next guy. I think there was a couple of big

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Speaker 1: actions that were taking against some of these companies because

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Speaker 1: they were caught doing that where it's like, hey, I

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Speaker 1: sell it to you for one hundred bucks, you sell

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Speaker 1: to it for a thousand bucks, five thousand bucks, ten

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Speaker 1: thousand bucks. Someone's like, oh my gosh, I would have

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Speaker 1: jump in now they jump in without realizing that we

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Speaker 1: were just selling it to each other.

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Speaker 2: Or worse yet, they're just selling it to different wallets

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Speaker 2: that they own and just wash trading it amongst themselves

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Speaker 2: to make it look like there's hype the whole NFT space.

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Speaker 2: And there are a couple five percent of projects still

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Speaker 2: have some value. There are a couple of them that

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Speaker 2: may exist for a long time, but beyond being a collectible,

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Speaker 2: there is no inherent value. The other thing too, that

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Speaker 2: none of these NFT projects can give you a straight

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Speaker 2: answer on is the idea that there is actually no limit.

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Speaker 2: And NFT creators will always say no, no, no, this is

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Speaker 2: an exclusive drop ten NFTs and that's it cool. But

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Speaker 2: the next drop you make devalues this exclusive drop because

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Speaker 2: you're going to keep doing drops, and countless artists have

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Speaker 2: done this, and it is a laughable cycle because you

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Speaker 2: cannot create digital scarcity with anything else. Nothing else has

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Speaker 2: that other than bitcoin.

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Speaker 1: Yeah, and those are all opinions of ours, and you

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Speaker 1: may or may not agree with them, but you can't

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Speaker 1: agree with the fact that's ninety five percent are now

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Speaker 1: worth zero, which is pretty unfortunate. But what I want

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Speaker 1: to talk about was now we're starting to see the

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Speaker 1: celebrities get really caught up in this. So good old

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Speaker 1: Ashton Kutcher, everybody's favorite, who you know, actor from rom

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Speaker 1: Coms and now became like a shark tank guy or whatever,

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Speaker 1: and him and his wife they got caught up in

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Speaker 1: some pretty big legal action. As a matter of fact,

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Speaker 1: they had created a NFT called Stonercats and they got

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Speaker 1: hit hard by the SEC. They had to basically give

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Speaker 1: all the money back and they had to pay a

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Speaker 1: one million dollar fine. So they had to get back

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Speaker 1: all the money and pay a million dollars for just

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Speaker 1: just playing the game.

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Speaker 2: The other thing that was really interesting about Stonercats, unlike

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Speaker 2: you know, the Board eight so or whatever NFT that

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Speaker 2: you're thinking of, stoner Cats was a TV series, so

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Speaker 2: it could have just as easily been released on Hulu,

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Speaker 2: on Netflix or wherever, but they opted to create this

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Speaker 2: NFT with the episodes instead. So look, regardless of the

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Speaker 2: NFT craze and how you feel like, I know for

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Speaker 2: a fact that Disney and Netflix and Universal were exploring

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Speaker 2: NFTs for their products, how can they ever pursue them

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Speaker 2: when you look at some of the biggest names in

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Speaker 2: this space getting served with lawsuit after lawsuit for exploring

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Speaker 2: this technology.

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Speaker 1: Well, I think the reason why is like Tom Baylu

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Speaker 1: had of impact theory, he also got hit really hard.

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Speaker 1: He has to give back all the money plus pay

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Speaker 1: a fine of six million dollars, and for him, he

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Speaker 1: was literally hit. His company was literally telling investors that

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Speaker 1: it was an investment, that it was going to go

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Speaker 1: up in value, so they were going to make money,

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Speaker 1: so he called them founders. So like, if you're like

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Speaker 1: Disney and like, hey, open up the DVD and here's

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Speaker 1: like a sticker pack for you for your lunch box,

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Speaker 1: and by the way, download this NFT free, Like okay, whatever,

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Speaker 1: no big deal, right, it's just like part of the

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Speaker 1: thing they give you. But when you're Tom bailu impact

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Speaker 1: theory and you're saying, hey, buy these things, you're gonna

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Speaker 1: get a bunch of extra things and they're gonna be

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Speaker 1: worth more money in the future, that's the problem.

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Speaker 2: Yeah, I mean, I'll take the other side of the

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Speaker 2: argument for a moment because and this will feed into

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Speaker 2: I know, some stuff that we're going to talk about

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Speaker 2: in a little bit. But dynamic pricing has been a

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Speaker 2: long standing issue, especially as it comes to sports ticketings,

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Speaker 2: airline flights. But now I'm seeing a lot of conversations

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Speaker 2: around potentially introducing dynamic pricing to grocery stores, Walmart has

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Speaker 2: rolled out five hundred like price markers that you see

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Speaker 2: in the grocery store. They're all digital now, so they

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Speaker 2: can digitally change these prices in real time to reflect

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Speaker 2: the demand in the stores that they have that dynamic

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Speaker 2: like for a free market, it works, it should exist,

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Speaker 2: but there have been a lot of grievances around these systems.

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Speaker 2: One solution that I saw, this doesn't work for the

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Speaker 2: grocery store stuff. This only works in my opinion, for

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Speaker 2: sports tickets.

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Speaker 1: Well, before you come back with that, Q, I want

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Speaker 1: to take a quick break. I'm going to be right back.

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Speaker 1: We're going to come back with more with Q talking

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Speaker 1: about what is going on with the grocery stores and

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Speaker 1: some other big stories we have. So we'll be right

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Speaker 1: back with more. Don't go away, all right, Welcome back.

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Speaker 1: If youre just tune in, you're listening to the Mark

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Speaker 1: Moss Show. Sitting down with my producer Q, and we

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Speaker 1: were talking about NFTs and how ninety five percent are

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Speaker 1: worth zero now and how a lot of these people

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Speaker 1: are getting hit with fraud charges. Tom baylou impact theory.

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Speaker 1: He has to give back seven million dollars or six

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Speaker 1: million dollars seven point seven million dollars, Ashton Kootcher and

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Speaker 1: his wife have to give a million dollar fine all

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Speaker 1: their money back. And you were saying, Q, some of

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Speaker 1: the things that you were seeing like a variable pricing

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Speaker 1: in grocery stores and tickets, So what were you saying there?

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Speaker 2: So on the ticket front, specifically sports tickets, like I

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Speaker 2: can I can show the example of I was a

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Speaker 2: college student and watch in DC. My team's the Lakers.

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Speaker 2: I wanted to go to a Lakers game. The Wizard

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Speaker 2: sucked home games were fifty dollars a piece except for

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Speaker 2: the Lakers, and it was a two hundred dollars ticket.

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Speaker 2: Dynamic pricing because that's a team people want to see instead,

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Speaker 2: and the Wizards are actually the first team to have

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Speaker 2: launched this. There was one section in particular the ticket

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Speaker 2: was sold as an NFT. But the reason why they

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Speaker 2: wanted to do this was they left the price flat.

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Speaker 2: The price didn't change game to game. But what happen

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Speaker 2: is if I purchased that ticket and then went and

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Speaker 2: resold it for more money. They the issuer of the NFT.

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Speaker 2: The team was still getting a percentage of future sales,

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Speaker 2: so they didn't need to worry so much about Oh,

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Speaker 2: I need to maximize my profit and get it to

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Speaker 2: this certain price point because I know I can make

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Speaker 2: that money. It's let the market decide that.

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Speaker 1: So you're saying, like, I bought it for five bucks,

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Speaker 1: I turned around sell to you for ten bucks. You

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Speaker 1: turn around sell for thirty bucks. Every time that changes hands,

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Speaker 1: they get a piece.

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Speaker 2: Yep, and it can be pre It's predetermined in the

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Speaker 2: contract itself. So I believe the fee that they were

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Speaker 2: playing around with was something to the tune of ten

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Speaker 2: to fifteen percent.

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Speaker 1: So why should they be entitled to a fee every

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Speaker 1: time it changes hands?

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Speaker 2: Because they created the product.

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Speaker 1: I mean, it's a ticket to a game.

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Speaker 2: Well, the interesting thing that they then are doing is

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Speaker 2: because most tickets are useless once you see the game,

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Speaker 2: it's worth zero dollars. Maybe some crazy fanatical fan will

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Speaker 2: pay some discount for the actual ticket stub. But instead

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Speaker 2: what they're doing is they're then inscribing some sort of

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Speaker 2: a highlight from that game. Say some player had his

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Speaker 2: one hundredth point ever or his thousandth goal or whatever

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Speaker 2: you want to say.

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Speaker 1: I know you're losing me on that one. You're losing

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Speaker 1: me on that one. I see people buying like the

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Speaker 1: NFT of Michael Jordan's like slam Dunk or whatever. It's

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Speaker 1: like cool, so you own it, But I also have

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Speaker 1: it on my computer and I watch it whenever I

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Speaker 1: want to. So that's where I think NFTs gets pretty ridiculous.

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Speaker 1: I don't I don't see that as being a super

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Speaker 1: good idea, but in the world of being a capitalist,

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Speaker 1: they want to do it, sure, go ahead by all means.

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Speaker 1: It just kind of reminds me of the government that

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Speaker 1: every single time you turn around, they tax you. They

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Speaker 1: tax you when you earn the money, they tax you

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Speaker 1: when you spend the money, they tax you when they

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Speaker 1: invest the money, they tax you when you sell the asset.

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Speaker 1: Like that's that's what kind of reminds me, is like,

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Speaker 1: once I buy that ticket, it should be on me. Now.

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Speaker 1: I do like the fact of having it sort of

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Speaker 1: as like a token that I can custody myself, and

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Speaker 1: so if I want to sell the token to you,

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Speaker 1: I could just sell the token to you and you

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Speaker 1: have it. I do believe that Ticketmaster has gotten a

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Speaker 1: much better program now lately where you can just transfer

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Speaker 1: the tickets to somebody else's Ticketmaster account. I've seen that

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Speaker 1: happen in real time recently, so like that. It's sort

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Speaker 1: of like that, right kind of.

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Speaker 2: I mean like if you and I are just going

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Speaker 2: to a game as friends, yeah, you can send me

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Speaker 2: the ticket, but if you wanted to sell the ticket

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Speaker 2: on Ticketmaster, you're paying a lot. They're going to collect

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Speaker 2: a lot more than a fifteen percent fee from that. TIC.

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Speaker 1: Sure that'll be set by the market or whatever, but

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Speaker 1: what about you know, so Ashton Kutcher got hit, Tom

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Speaker 1: Buylou got hit. Probably the biggest celebrity that's probably pushed

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Speaker 1: NFTs harder than anybody is Gary V. Oh yeah, I

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Speaker 1: mean he has just completely cranked him out, right. I

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Speaker 1: mean I think somewhere you know, quarter million dollars or

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Speaker 1: something like that, or I say a quarter quarter billion

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Speaker 1: dollars in sales or something like that.

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Speaker 2: Right, yeah, I mean watching these small and I put

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Speaker 2: the small end quotes players in the NFT space compared

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Speaker 2: to someone like a Gary V. Like Tom Billy you

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Speaker 2: returned seven point seven million dollars worth of eath that

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Speaker 2: he had collected from this, We're talking thirty times that

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Speaker 2: amount from Gary V. If the SEC is coming after

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Speaker 2: people who are in the single digit millions, they're preparing

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Speaker 2: a very large case to go after Gary V. But

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Speaker 2: that's just my speculation there.

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Speaker 1: I haven't looked into his business models, so I can't

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Speaker 1: say obviously. You know, the difference is we already kind

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Speaker 1: of highlighted between Aston Coucher and Tom Bayleeu, where Asking

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Speaker 1: Cucher was doing it more of like a TV show,

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Speaker 1: whereas Tom Bailou was like literally saying, hey, yeah, you

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Speaker 1: this is an investment like these will be worth more

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Speaker 1: money in the future, which is clearly against SEC regulations.

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Speaker 1: So do you think somehow in some sort of Gary

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Speaker 1: V's text there might be some pretty egregious type of

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Speaker 1: claims like that as well?

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Speaker 2: I would say this. This is the same man who

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Speaker 2: about five years ago was going all over social media

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Speaker 2: telling everyone you need to invest in basketball cards and

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Speaker 2: trading cards, and that is where he was parking his money.

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Speaker 2: And then he has since been going around saying, see

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Speaker 2: I was right about that, this is the next thing.

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Speaker 2: It's going to destroy the music industry. It's going to

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Speaker 2: destroy the or industry. This is gonna make money. You're

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Speaker 2: gonna make money by buying these products.

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Speaker 1: So he was telling people to buy n fts. You

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Speaker 1: make money buying NFTs, this is a place you should

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Speaker 1: look to invest into NFTs. But was he specifically saying

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Speaker 1: if you buy my NFTs, you'll make money. I think

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Speaker 1: that might be a clarification. I don't know the answer

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Speaker 1: to that.

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Speaker 2: I don't know the exact answer to that either, and

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Speaker 2: I won't speculate there.

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Speaker 1: But because the thing is is like obviously, like I've

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Speaker 1: seen his shows on YouTube where he goes to like

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Speaker 1: garage sales. I don't know if you've ever seen an

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Speaker 1: those videos. They'll go to like garage sales and he'll

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Speaker 1: like buy collectibles, cars, action figures, whatever, and then he'll

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Speaker 1: go and sell them on eBay and he'll show like

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Speaker 1: how much money he made going to that. And so

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Speaker 1: for him to say, hey, you should go buy collectibles

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Speaker 1: and resell them on eBay too, like, there's no crime

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Speaker 1: in that. The problem is when you're selling something with

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Speaker 1: an expectation of a profit, specifically, hey, if you buy

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Speaker 1: this thing, it'll be worth more in the future in

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Speaker 1: some scheme, that's kind of the security piece. So if

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Speaker 1: he did that with his with his NFTs, then yeah,

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Speaker 1: they'll probably be coming for him next maybe, I don't know.

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Speaker 2: It's a scary time to be an NFT person full stop.

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Speaker 1: Yeah, I mean maybe with Gary Vee seemingly potentially getting

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Speaker 1: a little bit neutered here lately. I'm not Gary, I'm

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Speaker 1: sorry Gary Gensler. Gary Gensler getting nuttered a little bit here,

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Speaker 1: maybe that might slow it down, you think, I mean,

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Speaker 1: he seems to be getting pretty hammered.

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Speaker 2: He does, But I don't know if you caught like

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Speaker 2: the SEC is now going after funds for their names specifically, Oh,

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Speaker 2: you're you're calling yourself an ESG fund, but you're not

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Speaker 2: overly invested in ESG, or you have too much exposure

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Speaker 2: to oil companies, or you call yourself a smart small

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Speaker 2: cap fund, but you know you actually have less than

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Speaker 2: fifty percent small cap stocks in this fund. So despite

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Speaker 2: the SEC getting no rulings in their favor and losing

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Speaker 2: court case after court case, they're not slowing down.

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Speaker 1: And well that's the government for you. They never learned

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Speaker 1: from their failures, right, all they do is double down.

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Speaker 1: It didn't work, Let's just try more of that.

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Speaker 2: Oh this is uh. We're in the wild West, to

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Speaker 2: say the least.

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Speaker 1: Yeah, we're in the wild West to say the least.

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Speaker 1: I you know, I just for the record. I say

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Speaker 1: this all the time, but I am not a fan

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Speaker 1: of the SEC. I don't think I need any government

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Speaker 1: body to tell me what I can and can't do

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Speaker 1: with my private property. I SPI able to do that,

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Speaker 1: and if I want to go gamble it all away,

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Speaker 1: I can legally do that in Vegas, or I can

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Speaker 1: buy as many a lot of tickets as I want.

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Speaker 1: So they shouldn't be telling me where I can and

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Speaker 1: can't invest my money. That being said, we do have laws,

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Speaker 1: and I suppose that we should follow those laws, and

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Speaker 1: so you know, it's it's tough when you have one

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Speaker 1: group of people that are really trying to abide by

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Speaker 1: the law. I mean, I could have done a lot

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Speaker 1: of this NFT and crypto stuff. I left that space

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Speaker 1: because I didn't want to be walking that sort of

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Speaker 1: gray line over there, which apparently might have been a

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Speaker 1: red line. I didn't want to walk that line. And

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Speaker 1: I watched people that I used to work with. I

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Speaker 1: watched some of my old partners make tens of millions

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Speaker 1: of dollars and I could have been doing that with

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Speaker 1: them right there. And so then it's just tough when

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Speaker 1: like I turned down tens of millions of dollars because

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Speaker 1: I didn't want to be involved in that, and then

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Speaker 1: you watch other people doing it, and not that I

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Speaker 1: wish harm on anybody, but it's like you kind of

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Speaker 1: do wish Gary Vee making a quarter billion dollars doing this,

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Speaker 1: like he should probably have to pay for that, like

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Speaker 1: I could have. And it's almost like it's almost like

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Speaker 1: something else that I won't bring up right now and say,

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Speaker 1: like student loans. If you're listening to it right now,

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Speaker 1: you're listening to Mark Maus Show. I'm sitting down with Q.

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Speaker 1: We're talking about some of these big stories. I have

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Speaker 1: a really big one I want to dive into next.

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Speaker 1: You don't want to miss it, don't go away, We'll

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Speaker 1: be right back. All right, Welcome back. If you're just

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Speaker 1: tune in, you're listening to the Mark mass Show. I'm

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Speaker 1: sitting down with C, my producer. We're running through some

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Speaker 1: of these news headlines. We were talking about the NFT crash.

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Speaker 1: Ninety five percent of NFTs are now worth zero and

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Speaker 1: the promoters of these NFTs celebrities like Aston Kutcher are

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Speaker 1: getting nailed and having to not only return the money

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Speaker 1: but paid big fines. What I was saying, Q is

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Speaker 1: you know, it's like I want the SEC to shut down.

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Speaker 1: I don't want them to tell me what I can

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Speaker 1: and can't invest into. I don't think they should be

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Speaker 1: trying to go after any of these people for doing this.

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Speaker 1: But if the laws are there, some people, law abiding

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Speaker 1: people try to operate within the letter of the law,

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Speaker 1: and then other people made obscene amounts of money by

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Speaker 1: breaking the law. And I was saying this sort of

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Speaker 1: like the student loan deal, where like I didn't want

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Speaker 1: to go to college because I didn't want to two

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Speaker 1: hundred thousand dollars worth of debt, and I didn't want

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Speaker 1: to work two jobs either, So I'm just working on a

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Speaker 1: mechanic job and I'm not making as much as this

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Speaker 1: other person who did take on debt. Now they're getting

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Speaker 1: their debt forgiven, And that'd sort of like be if

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Speaker 1: like Gary Vee gets let off, right, It's like, you

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Speaker 1: can't have this unfair field where like I've penalized my

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Speaker 1: I could have literally, I mean literally like I've told

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Speaker 1: you the story. I mean partners I used to work

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Speaker 1: with literally made tens and tens of millions of dollars

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Speaker 1: and I didn't engage in that, and I could have

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Speaker 1: maybe I should have, you know, or whatever. I don't know.

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Speaker 1: That's kind of how I look at it.

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Speaker 2: That's fair. I mean, you and I have had extensive

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Speaker 2: talks on both of these topics. But the larger question

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Speaker 2: that I have is why are these laws in place?

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Speaker 2: Like why did we create these laws to begin with?

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Speaker 2: Why do we have these security laws? And I'm not

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Speaker 2: sure how familiar you are with the bucket shops of yesteryear,

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Speaker 2: but when you understand if you've ever read, or if

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Speaker 2: anyone in your audience has ever read the book Reminiscences

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Speaker 2: of a Stock Operator, the way they describe the way

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Speaker 2: these bucket shops, which is the equivalent of e trade

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Speaker 2: for the early nineteen hundreds, except an actual place you

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Speaker 2: went into to bet on the movement of a stock,

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Speaker 2: sound identical to the broader crypto space and the way

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Speaker 2: it operates. So it's almost like these laws were waiting

433
00:20:08,560 --> 00:20:12,080
Speaker 2: for this moment, and it's just a recreation of what

434
00:20:12,160 --> 00:20:14,919
Speaker 2: we saw in the early nineteen hundreds and late eighteen

435
00:20:15,000 --> 00:20:17,600
Speaker 2: hundreds before the securities laws came into effect.

436
00:20:18,960 --> 00:20:22,800
Speaker 1: You know, I tend to always try to lean back

437
00:20:22,840 --> 00:20:26,600
Speaker 1: towards just unintended consequences rather than like evil doing. And

438
00:20:26,800 --> 00:20:29,159
Speaker 1: you know, there were a lot of these types of

439
00:20:29,200 --> 00:20:32,000
Speaker 1: things going on, and the SEC did I think start

440
00:20:32,080 --> 00:20:35,600
Speaker 1: for probably good reasons. Maybe I tend to believe that,

441
00:20:36,240 --> 00:20:38,600
Speaker 1: and they probably were trying to protect people. But over

442
00:20:38,640 --> 00:20:41,640
Speaker 1: the years, with the bloat and the bureaucracy and the

443
00:20:42,359 --> 00:20:45,359
Speaker 1: and the lobbying and so much other stuff, I think,

444
00:20:45,520 --> 00:20:47,080
Speaker 1: you know, I don't think they're out there doing the

445
00:20:47,080 --> 00:20:48,840
Speaker 1: best they can today. And I think it's pretty evident.

446
00:20:48,880 --> 00:20:50,000
Speaker 1: I mean, all we have to do is just look

447
00:20:50,040 --> 00:20:52,320
Speaker 1: at how much money gets lost by investors, Like how

448
00:20:52,359 --> 00:20:55,879
Speaker 1: many tens of billions of dollars got taken by FTX

449
00:20:56,080 --> 00:20:58,240
Speaker 1: that was literally happening right in front of their face,

450
00:20:58,280 --> 00:21:00,960
Speaker 1: and they did nothing to stop that. And then a

451
00:21:00,960 --> 00:21:03,600
Speaker 1: lot of these enforcement actions they're taking now actually cause

452
00:21:03,680 --> 00:21:07,560
Speaker 1: people harm. So for example, you have a bunch of

453
00:21:07,600 --> 00:21:12,639
Speaker 1: whatever xyz cryptotoken and then it's worth you know, you're

454
00:21:12,680 --> 00:21:15,040
Speaker 1: holding is worth out on whatever, hundred grand, and then

455
00:21:15,080 --> 00:21:17,800
Speaker 1: they decide to slap an SEC enforcement action on that.

456
00:21:17,960 --> 00:21:19,600
Speaker 1: All of a sudden, your hundred grand turns into ten

457
00:21:19,640 --> 00:21:22,600
Speaker 1: thousand dollars. So like in the name of helping you,

458
00:21:22,640 --> 00:21:24,480
Speaker 1: they actually went made you go broke. And actually that

459
00:21:24,560 --> 00:21:28,119
Speaker 1: was part of the ripple defense. Is that ripple or

460
00:21:28,560 --> 00:21:32,560
Speaker 1: the XRP token got like all these people that hold

461
00:21:32,600 --> 00:21:36,040
Speaker 1: the XRP token to sign letters and sending letters to

462
00:21:36,200 --> 00:21:40,440
Speaker 1: the SEC saying no, we don't want your protection, leave

463
00:21:40,520 --> 00:21:43,200
Speaker 1: us alone. All you're doing is damage is even more.

464
00:21:43,480 --> 00:21:46,240
Speaker 1: And I think, you know, I don't know. I can't say,

465
00:21:46,280 --> 00:21:51,000
Speaker 1: but if the SEC really cared about protecting investors, I mean,

466
00:21:51,080 --> 00:21:53,359
Speaker 1: maybe they would take that into consideration and go, shoot,

467
00:21:53,359 --> 00:21:55,520
Speaker 1: maybe I should leave this alone because actually we're gonna

468
00:21:55,560 --> 00:21:57,840
Speaker 1: hurt way more people than we help from that.

469
00:22:00,200 --> 00:22:02,960
Speaker 2: To mention too, like the SEC is in a private organization,

470
00:22:03,000 --> 00:22:06,280
Speaker 2: it's funded by your mind tax dollars. Like on top

471
00:22:06,280 --> 00:22:08,879
Speaker 2: of the fact that we're losing value, we're also funding

472
00:22:08,920 --> 00:22:12,360
Speaker 2: them to go on these excursions that are consistently failing

473
00:22:12,400 --> 00:22:13,320
Speaker 2: and coming up empty.

474
00:22:13,760 --> 00:22:18,320
Speaker 1: Yeah. Yeah. Another thing in the digital asset space I

475
00:22:18,359 --> 00:22:22,080
Speaker 1: saw this week. Tom Emmer, who seems to be one

476
00:22:22,119 --> 00:22:25,159
Speaker 1: of the only few people left in government that seems

477
00:22:25,200 --> 00:22:29,200
Speaker 1: to still somewhat care about protecting people's privacy and freedoms,

478
00:22:29,840 --> 00:22:33,080
Speaker 1: put some new bill in place, Central Bank Digital Currency Acts,

479
00:22:33,119 --> 00:22:37,919
Speaker 1: Surveillance State Act, and he's basically trying to prevent the

480
00:22:37,960 --> 00:22:41,000
Speaker 1: Federal Reserve from offering a CBDC to the public. We've

481
00:22:41,040 --> 00:22:44,119
Speaker 1: seen several states sort of start adopting this. Obviously, DeSantis

482
00:22:44,119 --> 00:22:46,439
Speaker 1: in Florida, Texas has been working on one as well,

483
00:22:46,480 --> 00:22:49,600
Speaker 1: where no CBDCs can be used in the state. But

484
00:22:49,680 --> 00:22:52,359
Speaker 1: this is more like on a federal level, where he

485
00:22:52,440 --> 00:22:56,120
Speaker 1: wants to keep CBDCs from happening on a federal level

486
00:22:56,119 --> 00:23:00,720
Speaker 1: and going to the public. I think, I mean, what

487
00:23:00,760 --> 00:23:02,600
Speaker 1: do you think about that, and what do you think

488
00:23:02,640 --> 00:23:04,240
Speaker 1: his chances of getting that through are?

489
00:23:06,280 --> 00:23:11,600
Speaker 2: So I personally think that whether we like it or not,

490
00:23:11,680 --> 00:23:15,920
Speaker 2: we already have CBDCs, and after reading the Twitter files,

491
00:23:16,440 --> 00:23:19,640
Speaker 2: we also already have a social credit score. The scary

492
00:23:19,720 --> 00:23:21,680
Speaker 2: thing right now is that none of these things are

493
00:23:21,720 --> 00:23:25,320
Speaker 2: publicized and you don't really realize it unless you're paying attention.

494
00:23:26,080 --> 00:23:30,440
Speaker 2: And what Tom members doing to me is more about

495
00:23:30,480 --> 00:23:34,840
Speaker 2: bringing attention to these things because it won't pass because

496
00:23:34,880 --> 00:23:38,480
Speaker 2: once the government really realizes what these rules would dictate,

497
00:23:38,960 --> 00:23:41,920
Speaker 2: they'll realize that, oh wait, we're already doing most of

498
00:23:41,960 --> 00:23:43,800
Speaker 2: these things and we're going to outlaw what we're doing.

499
00:23:44,240 --> 00:23:46,440
Speaker 2: So now we're not going to pass this bill. It's

500
00:23:46,480 --> 00:23:49,120
Speaker 2: a great step forward and there are champions like Tom

501
00:23:49,359 --> 00:23:52,520
Speaker 2: who are fighting the good fight. But unfortunately, whether we

502
00:23:52,560 --> 00:23:55,640
Speaker 2: want to accept it or not, yes, there's a lot

503
00:23:55,680 --> 00:23:58,320
Speaker 2: of logistical steps that would take that the government would

504
00:23:58,320 --> 00:24:00,760
Speaker 2: have to take to stop my bank accounts, me from

505
00:24:00,800 --> 00:24:04,080
Speaker 2: having access to my funds. But it's not out of

506
00:24:04,119 --> 00:24:05,760
Speaker 2: the realm of possibility, it's not.

507
00:24:05,920 --> 00:24:07,600
Speaker 1: I think. I think there's a couple of things there.

508
00:24:07,640 --> 00:24:09,520
Speaker 1: I mean, to your point, I mean they freeze people

509
00:24:09,520 --> 00:24:12,560
Speaker 1: with bank accounts every day, right, I mean we have

510
00:24:12,640 --> 00:24:15,200
Speaker 1: Russell Brand he got his demonetization on his YouTube channels,

511
00:24:15,200 --> 00:24:16,840
Speaker 1: not the same as the bank. But my friend doctor

512
00:24:16,920 --> 00:24:19,240
Speaker 1: Joe mccola got his bank accounts frozen. We got nine

513
00:24:19,320 --> 00:24:21,600
Speaker 1: with Farage over the UK got his bank acounts frozen.

514
00:24:21,640 --> 00:24:23,679
Speaker 1: So to your point, it happens all the time. The

515
00:24:23,760 --> 00:24:27,400
Speaker 1: difference is that with cbdc's they're programmable, so you can

516
00:24:27,440 --> 00:24:29,520
Speaker 1: build that stuff in so rather than having to go

517
00:24:29,560 --> 00:24:32,480
Speaker 1: through the hassle of getting your credit card statements and

518
00:24:32,480 --> 00:24:34,479
Speaker 1: sifting through the data and then getting your multiple bank

519
00:24:34,520 --> 00:24:38,040
Speaker 1: accounts like, they can just program it in. And so

520
00:24:38,080 --> 00:24:39,560
Speaker 1: I think it is a big step forward, but I

521
00:24:39,920 --> 00:24:43,000
Speaker 1: do fear and not like you, that it's already here.

522
00:24:43,160 --> 00:24:45,200
Speaker 1: What I fear is to your point, that he's brought

523
00:24:45,200 --> 00:24:48,320
Speaker 1: attention to this matter, and so now everybody's every nobody

524
00:24:48,320 --> 00:24:51,200
Speaker 1: wants CBDC. So this massive backlash, everyone's going to be

525
00:24:51,280 --> 00:24:55,560
Speaker 1: standing guard waiting saying no, we won't accept it. So

526
00:24:55,600 --> 00:24:59,520
Speaker 1: they just won't call it that exactly. They just won't

527
00:24:59,560 --> 00:25:01,960
Speaker 1: call it that, right, So that that's kind of what

528
00:25:02,040 --> 00:25:06,640
Speaker 1: I'm more afraid of, Like we don't know the capabilities

529
00:25:06,640 --> 00:25:08,720
Speaker 1: that they turn on and turn off kind of a thing.

530
00:25:08,760 --> 00:25:10,800
Speaker 1: They just call it like, oh, this is just a

531
00:25:10,840 --> 00:25:13,520
Speaker 1: new faster dollar, that's it, right, or something like that.

532
00:25:13,560 --> 00:25:15,440
Speaker 1: So that's that's kind of my fear of where we're at.

533
00:25:15,480 --> 00:25:18,240
Speaker 1: But I am afraid that, you know, given what happened

534
00:25:18,240 --> 00:25:22,760
Speaker 1: to Russell Brand just recently, I mean, and what we

535
00:25:22,800 --> 00:25:25,359
Speaker 1: already see in China. I mean you you put in

536
00:25:25,400 --> 00:25:29,320
Speaker 1: like tech censorship and CBDCs on top of that, and

537
00:25:29,400 --> 00:25:33,000
Speaker 1: I mean we're looking at some real dystopian scary stuff there.

538
00:25:34,080 --> 00:25:41,360
Speaker 2: Yeah, man, I mean the Future Biography nineteen eighty four. Really,

539
00:25:42,200 --> 00:25:43,800
Speaker 2: I was rereading it a couple of weeks ago, and

540
00:25:43,840 --> 00:25:46,600
Speaker 2: it was like, what is different that is described here

541
00:25:46,720 --> 00:25:50,560
Speaker 2: versus what we have beyond? Like the forced nudge to

542
00:25:50,760 --> 00:25:54,120
Speaker 2: do stuff. We very much are living in an unfortunate

543
00:25:54,200 --> 00:25:58,320
Speaker 2: surveillance state. Both Edward Snowed and Julian Nassan helped expose

544
00:25:58,920 --> 00:26:01,600
Speaker 2: these things and look the way they're treated by our government.

545
00:26:02,600 --> 00:26:05,439
Speaker 2: Do we really think that people who stand up against

546
00:26:05,560 --> 00:26:07,959
Speaker 2: the government having more control of their citizens are going

547
00:26:08,000 --> 00:26:10,600
Speaker 2: to be given the voice to talk or are they

548
00:26:10,640 --> 00:26:14,359
Speaker 2: going to be pushed aside by the latest way to

549
00:26:14,359 --> 00:26:17,280
Speaker 2: push them aside, like a sexual assault allegation.

550
00:26:18,119 --> 00:26:23,359
Speaker 1: Yeah. Yeah, you know, I'm always surprised by really this

551
00:26:23,480 --> 00:26:26,320
Speaker 1: divide between you know, well, there's a divide between a

552
00:26:26,359 --> 00:26:29,440
Speaker 1: lot of the issues, but there's this divide where it's

553
00:26:29,520 --> 00:26:33,119
Speaker 1: like half of the people or one side, I should say,

554
00:26:33,119 --> 00:26:35,280
Speaker 1: I don't know if it's half, but one side thinks

555
00:26:35,320 --> 00:26:39,359
Speaker 1: that the government is the problem. The other side also

556
00:26:39,359 --> 00:26:41,280
Speaker 1: thinks the government is the problem. But the solution is

557
00:26:41,640 --> 00:26:44,040
Speaker 1: so both sides see that the government is the problem.

558
00:26:44,320 --> 00:26:47,280
Speaker 1: One side sees that we need less government because the

559
00:26:47,320 --> 00:26:49,200
Speaker 1: big government's problem. The other side sees that the government's

560
00:26:49,240 --> 00:26:51,760
Speaker 1: the problem, but we need a different government or maybe

561
00:26:51,880 --> 00:26:54,760
Speaker 1: more government what to fix it. And so that kind

562
00:26:54,760 --> 00:26:57,000
Speaker 1: of goes back to that idiocracy of like if it

563
00:26:57,000 --> 00:26:59,920
Speaker 1: doesn't work, let's just double down on it. The government's

564
00:27:00,160 --> 00:27:02,959
Speaker 1: bloated beyond belief and it's not working, so let's just

565
00:27:02,960 --> 00:27:05,800
Speaker 1: get more of it. Where it seems like things seem

566
00:27:05,840 --> 00:27:07,840
Speaker 1: to work better when the government was smaller. Maybe we

567
00:27:07,880 --> 00:27:09,720
Speaker 1: should go back to that. If you just tune in,

568
00:27:09,760 --> 00:27:12,719
Speaker 1: you're listening to the Mark Mass Show, I'm sitting down

569
00:27:12,720 --> 00:27:14,439
Speaker 1: with my producer Que. We'll running through some of the

570
00:27:14,480 --> 00:27:16,359
Speaker 1: latest breaking news headlines this week, and just kind of

571
00:27:16,440 --> 00:27:18,520
Speaker 1: running through them. I want to dig in deeper into

572
00:27:18,640 --> 00:27:20,680
Speaker 1: this other story that just broke this week that has

573
00:27:20,840 --> 00:27:24,560
Speaker 1: big implications beyond what you might see just from a

574
00:27:24,600 --> 00:27:26,199
Speaker 1: surface levels. We'll cover that in a minute when I

575
00:27:26,200 --> 00:27:28,560
Speaker 1: come back. I got to take a very very quick break, though.

576
00:27:28,560 --> 00:27:30,439
Speaker 1: Don't go away because you don't want to miss it.

577
00:27:30,600 --> 00:27:32,439
Speaker 1: We'll be right back, all right, Welcome back. If you're

578
00:27:32,440 --> 00:27:34,120
Speaker 1: just tune you're listening to the Mark Mass Show. I'm

579
00:27:34,119 --> 00:27:36,679
Speaker 1: sitting down with c my producer. We're talking through some

580
00:27:36,720 --> 00:27:38,720
Speaker 1: of these breaking news headlines this week so you can

581
00:27:38,800 --> 00:27:40,760
Speaker 1: kind of get better context of what's going on. And

582
00:27:41,160 --> 00:27:43,520
Speaker 1: you know you saw the news headlines this week, I

583
00:27:43,560 --> 00:27:44,960
Speaker 1: mean you had to have I don't know how you

584
00:27:44,960 --> 00:27:49,080
Speaker 1: could have missed it of Russell Brand getting these sexual

585
00:27:49,119 --> 00:27:54,280
Speaker 1: allegations from fifteen years ago were drummed up against them,

586
00:27:54,800 --> 00:27:58,040
Speaker 1: and you know that's the news. You can go get

587
00:27:58,080 --> 00:28:01,280
Speaker 1: that news from anywhere. The story to me is the

588
00:28:01,280 --> 00:28:06,680
Speaker 1: fact that YouTube demonetize them. And so it's like, okay,

589
00:28:06,760 --> 00:28:08,359
Speaker 1: like you get it. Like, if someone did wrong, they

590
00:28:08,359 --> 00:28:09,880
Speaker 1: should certainly pay for it. And we were talking about

591
00:28:09,880 --> 00:28:11,560
Speaker 1: the SEC. If someone broke the rules, even if I

592
00:28:11,600 --> 00:28:13,119
Speaker 1: don't like the rules, they should probably pay for that.

593
00:28:13,800 --> 00:28:16,359
Speaker 1: But like, how does like YouTube come after him and

594
00:28:16,400 --> 00:28:18,200
Speaker 1: take away his ability to make money? And then the

595
00:28:18,280 --> 00:28:21,600
Speaker 1: UK Parliament sent a letter to Rumble and TikTok saying, hey,

596
00:28:22,320 --> 00:28:24,640
Speaker 1: what he does might fet your community guidelines, but we're

597
00:28:24,640 --> 00:28:27,840
Speaker 1: concerned he has the ability to make money. So since

598
00:28:27,960 --> 00:28:29,760
Speaker 1: when So, first of all, you know, in the US

599
00:28:29,800 --> 00:28:32,280
Speaker 1: and the UK, you're innocent, tulp proven guilty. But even

600
00:28:32,320 --> 00:28:34,080
Speaker 1: if I was charged, even if I was going through case,

601
00:28:34,200 --> 00:28:38,800
Speaker 1: even if I was made, even if I was found guilty,

602
00:28:38,960 --> 00:28:41,720
Speaker 1: it doesn't mean I'm not allowed to make money anymore.

603
00:28:41,880 --> 00:28:43,760
Speaker 1: And so now what they're saying is just even an

604
00:28:43,800 --> 00:28:47,000
Speaker 1: allegation means that you can't make money anymore. And so

605
00:28:47,080 --> 00:28:49,480
Speaker 1: that's super scary. But what's even more scary, you know,

606
00:28:49,480 --> 00:28:51,280
Speaker 1: I talk about this all time. Q is like the

607
00:28:51,360 --> 00:28:55,840
Speaker 1: direction of things, and so this isn't a one off.

608
00:28:56,320 --> 00:28:59,800
Speaker 1: This is building on top of other examples like Trudeau

609
00:29:00,240 --> 00:29:02,520
Speaker 1: clicking the switch and shutting off the trucker's money. It's

610
00:29:02,720 --> 00:29:05,200
Speaker 1: Nico Farage his bank account shut off in the UK,

611
00:29:05,320 --> 00:29:07,680
Speaker 1: It's Joseph McColo his bank account shut off in the

612
00:29:07,760 --> 00:29:10,320
Speaker 1: United States. This is a pattern and it's picking up steam.

613
00:29:10,360 --> 00:29:12,760
Speaker 1: And it really comes back to something I've talked about

614
00:29:12,800 --> 00:29:15,440
Speaker 1: quite a bit. And you remember I talked about the

615
00:29:15,440 --> 00:29:17,960
Speaker 1: book The Revolt of the Public, and I had the

616
00:29:17,960 --> 00:29:19,960
Speaker 1: author of that book on and basically the Revolt of

617
00:29:20,000 --> 00:29:24,360
Speaker 1: the public was that the Internet has now given us,

618
00:29:24,480 --> 00:29:28,320
Speaker 1: the public, we the people, the power of knowledge. We

619
00:29:28,360 --> 00:29:31,280
Speaker 1: can now know everything, well not know everything, but we

620
00:29:31,320 --> 00:29:33,800
Speaker 1: have access to all this information. We can share information,

621
00:29:33,880 --> 00:29:38,240
Speaker 1: we can communicate. And the people that hold the power,

622
00:29:38,280 --> 00:29:40,320
Speaker 1: I hate to use the word elites, but the people

623
00:29:40,320 --> 00:29:42,920
Speaker 1: that hold the power, the administrative state, that the managerial class,

624
00:29:43,440 --> 00:29:46,360
Speaker 1: they don't like this because they need to control the

625
00:29:46,440 --> 00:29:49,880
Speaker 1: narrative and they can't have us. We the people, having

626
00:29:49,960 --> 00:29:53,080
Speaker 1: this power of this knowledge and this ability to communicate,

627
00:29:53,520 --> 00:29:58,280
Speaker 1: and so now there's a revolt of the elites and

628
00:29:58,320 --> 00:30:01,520
Speaker 1: they're trying to grab this power back. No different or

629
00:30:01,600 --> 00:30:04,640
Speaker 1: not much different than when the printing press came out

630
00:30:05,040 --> 00:30:06,920
Speaker 1: and the church and state was losing power over the

631
00:30:07,000 --> 00:30:09,720
Speaker 1: narrative at the same time. And so this to me

632
00:30:10,240 --> 00:30:13,719
Speaker 1: is like, whoa, we realize that this internet thing has

633
00:30:13,760 --> 00:30:16,120
Speaker 1: given the people way too much power. We have to

634
00:30:16,240 --> 00:30:19,120
Speaker 1: rain this back in or we're going to be completely smoked.

635
00:30:19,480 --> 00:30:22,240
Speaker 1: And so we're coming at this full guns blazing. And

636
00:30:22,280 --> 00:30:23,240
Speaker 1: that's what it looks like to me.

637
00:30:24,480 --> 00:30:26,360
Speaker 2: No, I mean, you're absolutely right, and I think it's

638
00:30:26,360 --> 00:30:28,479
Speaker 2: really important too. Like both of us we live in

639
00:30:28,680 --> 00:30:31,440
Speaker 2: the United States of America. Most of this audience is

640
00:30:31,480 --> 00:30:36,560
Speaker 2: in either America, Canada, UK, Western developed countries that don't

641
00:30:36,600 --> 00:30:39,560
Speaker 2: really have the same internet restrictions that you see in

642
00:30:39,600 --> 00:30:43,320
Speaker 2: places like China or Iran or elsewhere around the world

643
00:30:43,360 --> 00:30:46,320
Speaker 2: where they don't have the freedom to explore the entire web.

644
00:30:47,520 --> 00:30:52,640
Speaker 2: It's really frightening though, to see in these Western democracies

645
00:30:53,320 --> 00:30:58,280
Speaker 2: these same freedoms and rights are not actually there. Oh yeah,

646
00:30:58,320 --> 00:31:00,760
Speaker 2: you can do. You have the freedom to talk, but

647
00:31:00,840 --> 00:31:03,560
Speaker 2: don't talk about the things I don't like, don't share

648
00:31:03,600 --> 00:31:06,520
Speaker 2: opinions that me the leader disagrees with, because I will

649
00:31:06,560 --> 00:31:09,560
Speaker 2: figure out ways to silence you. Don't try to expose me,

650
00:31:10,080 --> 00:31:12,320
Speaker 2: because I will label you the worst thing that you

651
00:31:12,360 --> 00:31:14,360
Speaker 2: can be labeled in today's day and age.

652
00:31:15,520 --> 00:31:19,240
Speaker 1: Yeah, and it's not even through due process. So we're

653
00:31:19,400 --> 00:31:22,720
Speaker 1: innocentutel proven guilty. We're guaranteed a due process of the law.

654
00:31:23,000 --> 00:31:25,720
Speaker 1: And so one the allegations haven't been investigated. Two, no

655
00:31:25,840 --> 00:31:28,280
Speaker 1: charges have been filed. Three nothing guilty has been found.

656
00:31:28,560 --> 00:31:31,760
Speaker 1: Four you know, so he hasn't been found guilty, and

657
00:31:31,800 --> 00:31:34,000
Speaker 1: yet he's still reaping the punishment of this. And so

658
00:31:34,080 --> 00:31:36,240
Speaker 1: like that's the problem. It's not even the leaders. It's

659
00:31:36,280 --> 00:31:39,440
Speaker 1: like this even this like big tech monopoly doing this.

660
00:31:39,840 --> 00:31:42,400
Speaker 1: And then you add in the fact of now going

661
00:31:42,440 --> 00:31:44,640
Speaker 1: back to what we talked about earlier, the CBDCs, So

662
00:31:44,720 --> 00:31:49,680
Speaker 1: now you have this censorship platform, or I should say,

663
00:31:51,080 --> 00:31:56,240
Speaker 1: you have this history of using or weaponizing tech against you.

664
00:31:56,560 --> 00:31:59,080
Speaker 1: So then you add in to other ingredients one of

665
00:31:59,080 --> 00:32:02,680
Speaker 1: the CBDCs that we talked about, but two digital IDs.

666
00:32:03,120 --> 00:32:04,760
Speaker 1: So like in China, you have to do like a

667
00:32:04,760 --> 00:32:07,800
Speaker 1: facial like a facial scan to even get on the Internet.

668
00:32:07,800 --> 00:32:09,640
Speaker 1: They have to know who you are, because you can't

669
00:32:09,640 --> 00:32:12,160
Speaker 1: be using the Internet, you know, anonymously, because we need

670
00:32:12,200 --> 00:32:14,320
Speaker 1: to know who you are, right, And so now you

671
00:32:14,360 --> 00:32:16,320
Speaker 1: have this digital ID that has to be used everywhere

672
00:32:16,360 --> 00:32:18,800
Speaker 1: you go, so they can trace every single transaction doing

673
00:32:19,040 --> 00:32:20,600
Speaker 1: like they can already trace most of it, but now

674
00:32:20,640 --> 00:32:22,800
Speaker 1: they can really narrow it down. You add that with

675
00:32:22,960 --> 00:32:27,360
Speaker 1: the digital ID, and you have this like perfect union

676
00:32:27,400 --> 00:32:30,120
Speaker 1: to do whatever they want. Now China has their social

677
00:32:30,160 --> 00:32:33,400
Speaker 1: credit core system, which sounds insane but sort of exactly

678
00:32:33,400 --> 00:32:35,840
Speaker 1: what Russell Brand is dealing with. He said things against

679
00:32:35,880 --> 00:32:40,160
Speaker 1: the state that were mean, factual things, but the heat

680
00:32:40,240 --> 00:32:43,280
Speaker 1: they didn't like them, and they've taken away his ability

681
00:32:43,360 --> 00:32:46,920
Speaker 1: to earn money. Now in China, they'll take away your

682
00:32:46,920 --> 00:32:49,200
Speaker 1: ability to buy a train ticket, for example. But if

683
00:32:49,200 --> 00:32:50,920
Speaker 1: they take away Russell Brand's money, he can't buy a

684
00:32:50,920 --> 00:32:54,640
Speaker 1: train ticket either. So it's sort of a social credit

685
00:32:54,680 --> 00:32:55,480
Speaker 1: score system.

686
00:32:56,040 --> 00:32:58,440
Speaker 2: Let me ask you this, because you're absolutely right, it

687
00:32:58,480 --> 00:33:01,200
Speaker 2: is a social credit score system. Would you prefer to

688
00:33:01,240 --> 00:33:03,560
Speaker 2: live in a social credit score system where you know

689
00:33:03,640 --> 00:33:06,920
Speaker 2: it exists? You know, if you jwalk or if you

690
00:33:06,960 --> 00:33:08,840
Speaker 2: go on the wrong website, you're going to be fined

691
00:33:09,440 --> 00:33:13,560
Speaker 2: or a quiet social credit score system, which is frankly

692
00:33:13,600 --> 00:33:17,120
Speaker 2: what the US, Canada, UK is operating under. The Twitter

693
00:33:17,160 --> 00:33:20,200
Speaker 2: files proved the US has a social credit score system,

694
00:33:20,440 --> 00:33:21,959
Speaker 2: whether it's publicized or not.

695
00:33:23,840 --> 00:33:27,280
Speaker 1: So well, I'd rather not live under either if I

696
00:33:27,280 --> 00:33:29,160
Speaker 1: had to choose one, I mean, I don't know. I

697
00:33:29,160 --> 00:33:32,440
Speaker 1: guess they're both just as bad. I suppose. I suppose

698
00:33:32,560 --> 00:33:35,800
Speaker 1: I would rather live in an unspoken one than a

699
00:33:35,840 --> 00:33:38,719
Speaker 1: spoken one. And here's why this is something else I've

700
00:33:38,720 --> 00:33:40,160
Speaker 1: been thinking about a lot lately, and I was going

701
00:33:40,200 --> 00:33:41,520
Speaker 1: to make a video on it. Maybe I will at

702
00:33:41,520 --> 00:33:46,560
Speaker 1: one point. But you you the people, We the people

703
00:33:47,360 --> 00:33:54,440
Speaker 1: are silence. Our compliance makes us complicit in tyranny. So

704
00:33:54,480 --> 00:33:57,280
Speaker 1: what do I mean by that? As humans? We are

705
00:33:57,400 --> 00:34:01,400
Speaker 1: pack animals. Our DNA has us bread to be pack

706
00:34:01,440 --> 00:34:04,840
Speaker 1: animals because we have to survive in groups, in tribes, right,

707
00:34:05,160 --> 00:34:07,760
Speaker 1: And so that's why humans are wired to sort of

708
00:34:07,760 --> 00:34:09,600
Speaker 1: get along. We don't want to be ech. We don't

709
00:34:09,640 --> 00:34:12,239
Speaker 1: want to be excommunicated from the tribe or we'll die, right,

710
00:34:12,680 --> 00:34:15,120
Speaker 1: and so most people want to get along. There's some

711
00:34:15,120 --> 00:34:18,440
Speaker 1: studies that were done that showed they had a car

712
00:34:18,560 --> 00:34:21,000
Speaker 1: that had one line and then another car had three lines,

713
00:34:21,520 --> 00:34:23,279
Speaker 1: and one of the lines was the same height as

714
00:34:23,320 --> 00:34:25,400
Speaker 1: the other one. The two were obviously shorter and longer.

715
00:34:25,800 --> 00:34:27,640
Speaker 1: And what they would do is they'd bring groups in

716
00:34:28,000 --> 00:34:30,680
Speaker 1: and they'd say, Okay, here's CARDA. Which of the line

717
00:34:30,920 --> 00:34:34,080
Speaker 1: on card two matches line on the other card right?

718
00:34:34,520 --> 00:34:37,440
Speaker 1: And it was pretty evident what it was. And seventy

719
00:34:37,560 --> 00:34:39,440
Speaker 1: percent of what they did is they had plants in

720
00:34:39,480 --> 00:34:41,920
Speaker 1: the room, right, and so the plants would automatically say, oh,

721
00:34:41,920 --> 00:34:45,880
Speaker 1: it's line D. And seventy percent of the time the

722
00:34:45,960 --> 00:34:48,680
Speaker 1: non plants people would go along with the with the

723
00:34:48,760 --> 00:34:52,720
Speaker 1: group even though they knew it wasn't the same size line.

724
00:34:53,480 --> 00:34:55,239
Speaker 1: Seventy percent of the time they go along with it

725
00:34:55,320 --> 00:34:57,480
Speaker 1: because they didn't want to They didn't want to buck

726
00:34:57,520 --> 00:35:01,560
Speaker 1: the trend, all right. So what happened is, look, man,

727
00:35:01,680 --> 00:35:03,200
Speaker 1: I'm just gonna say it on my show, because it's

728
00:35:03,239 --> 00:35:07,320
Speaker 1: my show. Nobody in this country in their right mind,

729
00:35:07,400 --> 00:35:10,520
Speaker 1: well not nobody. I'm guessing like less than one percent

730
00:35:10,560 --> 00:35:12,640
Speaker 1: of people think it's okay. For most of the things

731
00:35:12,680 --> 00:35:15,239
Speaker 1: we see, like transitioning little kids over like, nobody thinks

732
00:35:15,280 --> 00:35:19,760
Speaker 1: that's okay. But by not speaking up, by being silent,

733
00:35:19,920 --> 00:35:22,920
Speaker 1: it makes us complicit so there's studies like in the USSR,

734
00:35:23,200 --> 00:35:26,000
Speaker 1: people would sign shopkeepers would hang signs in their windows

735
00:35:26,400 --> 00:35:28,440
Speaker 1: showing if they were supportive of the of the of

736
00:35:28,440 --> 00:35:31,399
Speaker 1: the communism policies, and final they didn't have to do it,

737
00:35:31,480 --> 00:35:33,200
Speaker 1: but they just did it even though they didn't agree

738
00:35:33,239 --> 00:35:35,640
Speaker 1: with it. Finally, when one shopkeeper took down a sign,

739
00:35:35,640 --> 00:35:38,480
Speaker 1: the other shopkeepers are like, oh, shoot, I could take

740
00:35:38,520 --> 00:35:40,319
Speaker 1: down the sign. Well, then I'm gonna take it down to.

741
00:35:40,640 --> 00:35:42,400
Speaker 1: Well I oh, then I'm gonna take it down to

742
00:35:42,400 --> 00:35:44,799
Speaker 1: and they eventually all did. And so I would rather

743
00:35:44,840 --> 00:35:47,799
Speaker 1: be unspoken because then people are still speaking out against it,

744
00:35:47,880 --> 00:35:50,840
Speaker 1: people are still actively going versus if it was known

745
00:35:51,080 --> 00:35:53,080
Speaker 1: to be oppressive and I knew what the repercussions were,

746
00:35:53,080 --> 00:35:55,040
Speaker 1: then nobody would be speaking out and they would probably

747
00:35:55,080 --> 00:35:56,440
Speaker 1: really devolve much much faster.

748
00:35:58,040 --> 00:35:58,320
Speaker 2: Fair.

749
00:35:59,120 --> 00:35:59,400
Speaker 1: Fair.

750
00:35:59,520 --> 00:36:02,080
Speaker 2: It is a little bit though, of like you're in

751
00:36:02,160 --> 00:36:05,520
Speaker 2: the dark and there is a fear tactic of because

752
00:36:05,560 --> 00:36:09,120
Speaker 2: we're all in the dark, you won't necessarily know if

753
00:36:09,320 --> 00:36:11,080
Speaker 2: what you said is the thing that's going to get

754
00:36:11,080 --> 00:36:15,680
Speaker 2: you got next or not. That is my only concern.

755
00:36:15,719 --> 00:36:17,840
Speaker 2: But I do agree with you that at least we

756
00:36:17,920 --> 00:36:19,960
Speaker 2: have space to speak out at least we have the

757
00:36:20,000 --> 00:36:23,520
Speaker 2: opportunity to have conversations like this, and hopefully people who

758
00:36:23,560 --> 00:36:26,279
Speaker 2: are listening will they themselves go on and continue to

759
00:36:26,320 --> 00:36:29,160
Speaker 2: have these conversations with the people around them.

760
00:36:29,480 --> 00:36:31,640
Speaker 1: Yeah, and that's the big piece. That's the takeaway. We've

761
00:36:31,640 --> 00:36:34,880
Speaker 1: got to wrap this up. But the takeaway is your silence,

762
00:36:35,000 --> 00:36:39,720
Speaker 1: your compliance makes you complicit. So if you don't like something,

763
00:36:40,000 --> 00:36:42,280
Speaker 1: say something. Now, if you're not that type of person

764
00:36:42,320 --> 00:36:45,160
Speaker 1: and you're scared to speak your opinion, then what you

765
00:36:45,239 --> 00:36:47,839
Speaker 1: could do is at least cast doubt. So you could

766
00:36:47,840 --> 00:36:50,920
Speaker 1: say something like, well that may be something, but you know,

767
00:36:50,960 --> 00:36:53,880
Speaker 1: I'm just not convinced yet, So you don't have to

768
00:36:53,920 --> 00:36:56,680
Speaker 1: publicly condemn it, but you can at least not go

769
00:36:56,760 --> 00:36:59,319
Speaker 1: along with it blindly so other people might follow you.

770
00:36:59,440 --> 00:37:01,160
Speaker 1: If you're just listening to the Mark More show up

771
00:37:01,200 --> 00:37:02,960
Speaker 1: and sitting down with Q, we've been running through some

772
00:37:03,040 --> 00:37:04,760
Speaker 1: of these stories so you can get some better understanding

773
00:37:04,760 --> 00:37:06,480
Speaker 1: what the heck is going on out there. Hopefully it

774
00:37:06,560 --> 00:37:09,040
Speaker 1: brings some context to you and hopefully you won't be

775
00:37:09,080 --> 00:37:11,560
Speaker 1: silent and complicit any longer. That's what we got for

776
00:37:11,600 --> 00:37:13,440
Speaker 1: the show today. Thanks so much for listening. Until next time,