Speaker 1: Hello, and welcome to another episode of the Mark Mass Show,
Speaker 1: where we talk about, of course, the decentralized revolution. We're
Speaker 1: talking about the way the world is changing from centralization
Speaker 1: to decentralization, from a one global superpower to many, from
Speaker 1: a global homogeny to bipolar or multipolar. And of course
Speaker 1: we look at this through the lens of politics, finance,
Speaker 1: and technology to get context. But of course below all
Speaker 1: of that sits the money. Money is the source of
Speaker 1: all the power, and so if you can centralize control
Speaker 1: over the money, then you can centralize the control over
Speaker 1: everything else. Now that's why we have heard many, many
Speaker 1: times from the most powerful people in the world, like
Speaker 1: the Rothschild family, like Mayor Rothschild famous he said, give
Speaker 1: me control over the money, and I care not who
Speaker 1: makes the nation's laws. We heard Henry Kissinger's famous words
Speaker 1: where he says, control the food, you control the people,
Speaker 1: control the energy, control the continent, control the money, you
Speaker 1: control the world. And so of course the battle is
Speaker 1: always over money. You know, I've been talking about bitcoin
Speaker 1: and cryptocurrencies for whatever seven eight years now, and if
Speaker 1: I had a dollar for every time somebody told me,
Speaker 1: but they will never let something like bitcoin succeed because
Speaker 1: they will never give up control over money. Well, who
Speaker 1: are they? Who are they that won't let bitcoin succeed
Speaker 1: because they don't want to give up control over money?
Speaker 1: Is it the US dollar doesn't want to give up
Speaker 1: control to the Chinese yuan, or to the ECB's euro,
Speaker 1: or the Bank of Russia's remubal or which one doesn't
Speaker 1: want to give up control over money? Because there is
Speaker 1: a battle over money that you need to understand. Now,
Speaker 1: when you go back and you look through history, you'll
Speaker 1: understand that, yes, the dollar has or the dollar is
Speaker 1: the reserve currency of the world today. Hasn't always been
Speaker 1: fiat currencies. Reserve currencies typically last about eighty tow one
Speaker 1: hundred years. Before the dollar, it was the British pounds sterling.
Speaker 1: Now it's important to understand that when the dollar took
Speaker 1: over the role of the reserve currency of the world
Speaker 1: from the pound sterling, it was about a thirty or
Speaker 1: forty year process. Now, eventually there was a ruling from
Speaker 1: on high where the world got together in Bretonwoods in
Speaker 1: nineteen forty four said officially, now the dollar is the
Speaker 1: reserve currency. But it started happening thirty to forty years before,
Speaker 1: when when the UK started weakenings currency by taking on
Speaker 1: way too much debt, getting itself into wars, weakening its
Speaker 1: manufacturing base, and all of those other things, and so
Speaker 1: the dollar took over. However, it's important to note that
Speaker 1: while the dollar did take over from the pound sterling
Speaker 1: one hundred years ago, the pound sterling is still there today,
Speaker 1: still being used today. As a matter of fact, it's
Speaker 1: still one of the top three currencies used in the
Speaker 1: world today. So even though it lost its position, it's
Speaker 1: still there. It's worth noting that as we go through this,
Speaker 1: a lot of times people say, like, when will the
Speaker 1: dollar collapse? When will the dollar stop being the reserve
Speaker 1: currency of the world. And I want to say, what
Speaker 1: is your definition of that? You want to know when
Speaker 1: will the dollar collapse? What's your definition of collapsing? Because
Speaker 1: the dollars already down seventy seven percent to bitcoin this year,
Speaker 1: it's already down sixty five percent to the S and
Speaker 1: P five hundred in the last five years. It's down
Speaker 1: fifty eight percent to real estate in the last five years.
Speaker 1: It's down. It's I mean, that's a crash to me,
Speaker 1: my dollars by half as much house half as much
Speaker 1: S and P five hundred, half as much gold, half
Speaker 1: as much gasoline as they did just a few years ago.
Speaker 1: That's a crash. So what's your definition of a crash?
Speaker 1: And so I would ask that because it's already happening.
Speaker 1: But back to the kind of point at hand. And
Speaker 1: so there's this battle over money, and so everybody wants
Speaker 1: to know what is next, what's the next reserve currency? Well,
Speaker 1: if you listen to me on a regular basis, you
Speaker 1: know that I'm talking about the decentralized revolution going on
Speaker 1: from a world of centralization to decentralization. So I don't
Speaker 1: believe there is another next reserve currency, fiat reserve currency
Speaker 1: that the world agrees to on high that it's next. Well,
Speaker 1: when I don't say ever, I mean ever's a long time,
Speaker 1: not in the near future, not in the next several
Speaker 1: decades anyway. So I don't believe there is a next
Speaker 1: to replace the dollar. But we know that there's a battle.
Speaker 1: We know that they're fighting over who's coming next. And
Speaker 1: of course you've seen people all over media talking about this.
Speaker 1: Even Tucker Carlson was talking about this on Fox News
Speaker 1: before he got kicked off, and he was talking about
Speaker 1: the rise of the bricks nation. So we have the
Speaker 1: bricks Brazil, Russia, India, China, South Africa and the rise
Speaker 1: of the bricks. And we've seen many many reports. There's
Speaker 1: headlines that say, like here's one on markets Insiders saying
Speaker 1: that Russia and China are brewing up a challenge to
Speaker 1: dollar dominance by creating a new reserve currency. So we
Speaker 1: see that. So they're trying to create a ch ballenge
Speaker 1: to the dollar. They want to have a new reserve currency,
Speaker 1: the Chinese yuan, Will it be the Russian ruble? Will
Speaker 1: they work together to create a new one, right, So
Speaker 1: they're jockeying for this. Now we know that the all
Speaker 1: the central banks of the world, so the US Central Bank,
Speaker 1: the FED, the BOE, the BOJ, the PBOC, et cetera.
Speaker 1: They are all underneath the IMF International Monetary Fund, which
Speaker 1: is like the central bank above central banks. And the
Speaker 1: IMF creates what's called an SDR Special Drawing Rights And
Speaker 1: in this SDR basket, it's a basket of currencies and
Speaker 1: based off of each country and their economic output and
Speaker 1: the amount of currency they have, et cetera, they get
Speaker 1: a waiting or a percentage in this basket. And we
Speaker 1: saw last year that the IMF lifted the yuan's waiting
Speaker 1: and it went from you know, ten point nine percent
Speaker 1: to twelve point two percent, so not massive. It hasn't
Speaker 1: overtaken the dollar. But again, we always want to look
Speaker 1: at the trend, and the trend is that it's growing.
Speaker 1: It's growing. It's growing. Now that prompted Chinese central banks
Speaker 1: to pledge to open its financial markets. Now why is
Speaker 1: that important? Well, I'm going to come back to this later.
Speaker 1: Why people say that the dollar can't be dethroned because
Speaker 1: of many things. I'm gonna list those off, one of
Speaker 1: those being open financial markets. But here the Chinese saying, Okay,
Speaker 1: we're gonna do it. We're gonna open our Chinese our
Speaker 1: financial markets, which we'll see if that happens. But I
Speaker 1: think it's important to understand that as we see China
Speaker 1: rising to no pun in rising, as China has been
Speaker 1: rising to kind of challenge the world and become this
Speaker 1: economic powerhouse of manufacturing and so forth, we see the
Speaker 1: rise of the bricks. We know that things are weakened
Speaker 1: and we're going from this unipolar world. After World War Two,
Speaker 1: the United States emerged as the economic leader in the world.
Speaker 1: The United States was you know, it's it saved itself.
Speaker 1: It wasn't involved. I mean, obviously it was involved in
Speaker 1: World War One and World War Two, but that was
Speaker 1: fought over in Europe. So Europe, all the countries in
Speaker 1: Europe were completely ravaged, right, Germany and France, and they
Speaker 1: were all bombed, right, Their manufacturing ability was shut down.
Speaker 1: They spent all their money fighting these wars. But the
Speaker 1: US profited from this. Now I've covered this in many
Speaker 1: other videos and shows on this channel, talking about how
Speaker 1: the United States physiclarly, the banks like JP Morgan, profited
Speaker 1: from the war by playing both sides of it. So
Speaker 1: the United States came out ahead. It fought the war
Speaker 1: over on other shores. And unfortunately, lots of Americans died
Speaker 1: during those wars. So I don't take that lightly. My
Speaker 1: grandfather fought in World War Two. Luckily he didn't give
Speaker 1: up his life during that war. But I don't take
Speaker 1: that lightly. But the bankers, they came out ahead, and
Speaker 1: the United States government came out ahead because America emerged unscathed.
Speaker 1: And not only did emerge unscathed, they managed to accumulate
Speaker 1: two thirds of all the gold in the world at
Speaker 1: that time, and the United States was the manufacturing powerhouse
Speaker 1: of the world. The United States was the leader in
Speaker 1: global manufacturing and global trade, and so because of that,
Speaker 1: it was able to take that position and lead the
Speaker 1: position of the world. But the problem is is that
Speaker 1: while the US did have that dominant position after World
Speaker 1: War Two, throughout the year since, that's changed and we've
Speaker 1: gone from a unipolar world to a multipolar world, to
Speaker 1: a bipolar world, and now to a multipolar world. As
Speaker 1: a matter of fact, if you look at the United States,
Speaker 1: just in two thousand alone, the United States did trade
Speaker 1: with the majority of the world except for some African
Speaker 1: countries and some Asian countries, mostly China. But now fast
Speaker 1: forward into twenty twenty, you'll see that China is now
Speaker 1: doing trade with all the countries in the world except
Speaker 1: for the North American continent, which is Mexico, US, and Canada,
Speaker 1: as well as a little bit of Europe. And so
Speaker 1: that has greatly flip flopped. And I'm gonna explain to
Speaker 1: you why that's important. But i also want to tell
Speaker 1: you about the technological change that's happening that China and
Speaker 1: the think of international settlements is going to use to
Speaker 1: finally dethrown the dollar. If you're just tuning in, you're
Speaker 1: listening to the Mark ma Show. Of course we're talking
Speaker 1: about the decentralized revolution, talking about the way the world
Speaker 1: changes to thellions of politics, finance, and technology. So you
Speaker 1: want to talk about why all the reasons why the
Speaker 1: dollar can't be dethroned have just been changed, and what's
Speaker 1: coming next. You don't want to miss this. I'm gonna
Speaker 1: take a quick break. I'll be right back. Don't go away,
Speaker 1: I'll be right back. All right, welcome back. If you're
Speaker 1: just tune in, you were listening to the Mark mas Show.
Speaker 1: We're talking, of course, about the decentralized revolution, like always,
Speaker 1: but today we're talking about how the money's becoming decentralized,
Speaker 1: how the dollar has been the global reserve currency of
Speaker 1: the world, and how that's changing, going from a unipolar
Speaker 1: to a bipolar to a multipolar world. Now, there's lots
Speaker 1: of reasons why this can't happen, but I think most
Speaker 1: of those have been resolved. I'm want to talk about that.
Speaker 1: But really, like I was saying, the United States emerged
Speaker 1: after World War Two as this economic power, having the
Speaker 1: dollar being the strongest currency because it was backed by
Speaker 1: two thirds of the gold in the world. It was
Speaker 1: also backed by the largest manufacturer and exporter of goods
Speaker 1: in the world. But the problem is, the United States
Speaker 1: is no longer the greatest manufacturer and exporter of goods.
Speaker 1: The United States is probably no longer holding the majority
Speaker 1: of the gold in the world. As a matter of fact,
Speaker 1: nobody really knows how much gold the United States holds
Speaker 1: because they won't ever do an audit, which is pretty interesting.
Speaker 1: You know, you always have to ask yourself. You hear
Speaker 1: these rumors running wild, lots of rumors like the US
Speaker 1: doesn't have any gold. In my own opinion, if I
Speaker 1: had to guess, which I guess, I'm guessing right now.
Speaker 1: I don't think the United States has the gold they
Speaker 1: say they have. And the reason why I would say
Speaker 1: that is because they said they had the gold. Nineteen
Speaker 1: forty four, the dollar was now pegged the gold thirty
Speaker 1: five dollars to one ounce. I think it was eight
Speaker 1: thousand tons of gold. And then they were forced to
Speaker 1: defend that. What do I mean? They started printing way
Speaker 1: too many of the paper claims. The paper goldertificates the
Speaker 1: dollars and give them out to the world. So the
Speaker 1: deal was that the dollar would always be convertible to
Speaker 1: gold at thirty five dollars an ounce. Well, the United
Speaker 1: States government started printing way too many dollars, and the
Speaker 1: rest of the world saw this and said, wait a minute,
Speaker 1: wait a minute, wait a minute, we see what you're doing.
Speaker 1: The game is up here. We don't want these paper dollars,
Speaker 1: We want our gold. And so the world was coming
Speaker 1: to redeem the paper certificates to get the gold back,
Speaker 1: and the United States was trying to defend that peg.
Speaker 1: Sound familiar, you know FTX, Like we've seen this game before.
Speaker 1: They were trying to defend that peg, and so they
Speaker 1: kept giving the gold, giving the gold, give the goal,
Speaker 1: pretending like it was no problem. Oh, sure, no problem,
Speaker 1: everything's fine. Here's your gold, here's your goal. Yeah, no
Speaker 1: big deal. Here's your goal. Here's your gold, trying to
Speaker 1: pretend that they had not done what they had done
Speaker 1: by printing all these dollars, but the world knew it. Finally,
Speaker 1: France sent over its warships to give us to get
Speaker 1: the gold, like, hey, we're done, we want the gold.
Speaker 1: And at that point, the United States defaulted on its debt,
Speaker 1: and President Richard Nixon said, nope, enough over close the
Speaker 1: gold window. You could no longer get the gold out anymore. Now.
Speaker 1: So why do I think the United States doesn't have
Speaker 1: its gold? Well, because I know they were defending the PEG,
Speaker 1: trying to pretend like nothing was wrong, and finally when
Speaker 1: France came to get the gold, they couldn't deliver the gold.
Speaker 1: Now they could have just said we have it and
Speaker 1: we don't want to give it to you, or they
Speaker 1: maybe don't really have it. We don't know the answer
Speaker 1: to that, but my guess is two parts. One. I
Speaker 1: know they were defending the PEG, so they gave up
Speaker 1: a lot of gold. We don't know exactly how much.
Speaker 1: We don't know if it got replaced. But what we
Speaker 1: also know is that they will not audit it. And
Speaker 1: this is where transparency comes in. If they didn't want
Speaker 1: these rumors to run rampant, all they have to do
Speaker 1: is just do an audit. Let some inspectors come in,
Speaker 1: put the cameras on, whatever, show us the gold. If
Speaker 1: you got the gold, show us the gold. But the
Speaker 1: fact that they won't do that tells me that there's
Speaker 1: probably something to hide, right if you can't be If
Speaker 1: you can't be transparent, can't tell the truth, then it
Speaker 1: kind of means you have something to hide. And so
Speaker 1: because of those two circumstances, that's my guess. And again,
Speaker 1: like I said, they could just shoot that down by
Speaker 1: just saying that we have the gold. So anyway, that's
Speaker 1: what happened. Now. The key piece to understand after this
Speaker 1: is that you have to kind of understand. I talk
Speaker 1: about this many times and a lot of times people
Speaker 1: to understand this. But we don't want money, right. Money
Speaker 1: is a medium exchange. Money allows us to exchange our labor.
Speaker 1: We exert our labor, our ideas, our capital to get
Speaker 1: money dollars in this case, And I know there's some
Speaker 1: purersts out there, like Mark, you don't understand dollars aren't money.
Speaker 1: Gold is money. Yeah, yeah, yeah, Okay, you get what
Speaker 1: I'm saying. So we exchange it for money for dollars,
Speaker 1: but we don't want the dollars. I can't eat dollars.
Speaker 1: Dollars don't you know, bring my family enjoyment. What I
Speaker 1: want is I want that money to buy me the
Speaker 1: things that I want, which is goods and services. I
Speaker 1: want food, I want gas for my car. I want
Speaker 1: a car, I want a house, et cetera, and so
Speaker 1: I want to exchange those for goods and so. And
Speaker 1: the reason why that's important to understand is going back
Speaker 1: to the United States becoming this emergent power because they
Speaker 1: produced all the goods and they traded with the world.
Speaker 1: So the US had all the gold and produced the
Speaker 1: majority of the goods in the world. And that was
Speaker 1: important because again, we don't want money, we want the goods.
Speaker 1: So if I go to Chuck E Cheese and I
Speaker 1: want to play a game at Chuck E Cheese, I
Speaker 1: need the Chuck E Cheese tokens. I don't want the
Speaker 1: Chuck E Cheese tokens. What I want is I want
Speaker 1: to play one of their games. So I will give
Speaker 1: them my money in exchange for their tokens so that
Speaker 1: I can spend those tokens at Chuck E Cheese playing
Speaker 1: those games. Nobody else in the world is going to
Speaker 1: accept those tokens because what are they going to They
Speaker 1: don't want to go play Chuck E Cheese games. It's
Speaker 1: not a good medium exchange. And so it's important to
Speaker 1: understand that. So people would take the dollars because they
Speaker 1: could give the dollars back in exchange for goods. But
Speaker 1: today the US doesn't make the goods anymore. Now China
Speaker 1: dominates the goods. So a lot of dollar bowls tell you, yeah,
Speaker 1: no country will take other currency. They want the dollars
Speaker 1: because everyone takes dollars. Why would another country take fill
Speaker 1: in the blank with whatever you have currency, Russian rubles, turkers, lira,
Speaker 1: you know, bolevars, whatever, Why would they accept that when
Speaker 1: nobody would take them from them? Why would you accept
Speaker 1: CHUCKI Cheese tokens when nobody will accept those from you
Speaker 1: except chuck E Cheese. And so that's a good answer
Speaker 1: except for what can they really do with dollars? Now?
Speaker 1: Other people take accept dollars, but they can't really spend
Speaker 1: those at the dollars at the US at the US
Speaker 1: store because the US doesn't have anything they need. Now. China,
Speaker 1: on the other hand, makes all the goods. So that's
Speaker 1: like China is the big chuck E Cheese. Now, so
Speaker 1: if China gives me their tokens the Chinese you want,
Speaker 1: I can go spend them in China, and China just
Speaker 1: happens to make the goods that I need. Does that
Speaker 1: make sense? It's important to understand this, and when you
Speaker 1: see this, then you start to understand the holes in
Speaker 1: these dollar bowls logic. So Luke Grahmin, one of my
Speaker 1: favorite analysts, he said on Twitter, the flaw in most
Speaker 1: people's thinking is that, but the US dollar is still
Speaker 1: eighty eight percent of global foreign currency trading, which it is.
Speaker 1: But the reason why that's wrong is because ninety nine
Speaker 1: point nine percent of the world doesn't care about FX trading.
Speaker 1: What they care about is they care about goods that
Speaker 1: they use in their everyday life. They care about food, gasoline, cars,
Speaker 1: et cetera. And so when we look at this over time,
Speaker 1: we can see just going back to twenty ten, if
Speaker 1: you looked at the world as a pie chart, and
Speaker 1: you looked at the amount of manufactured goods value being
Speaker 1: added to the world in twenty ten, according to the
Speaker 1: World Bank, the United States made up about twenty five percent,
Speaker 1: and China made up about twenty five percent, The Euro
Speaker 1: market made up twenty five percent, and then Japan made
Speaker 1: up maybe thirty percent, and the rest was kind of
Speaker 1: made up between like India, Asia, et cetera. So it
Speaker 1: was pretty even. Twenty five twenty five twenty five US
Speaker 1: twenty five, China twenty five euro and then Japan with
Speaker 1: about thirty and then it kind of spread out. But
Speaker 1: now fast forward ten years to now well eleven to
Speaker 1: twenty twenty one, and we'll see that now China has
Speaker 1: now moved from twenty five percent of the pie to
Speaker 1: like fifty percent of the pie. The United States has
Speaker 1: gone from like twenty five percent of the pie down
Speaker 1: to like thirty percent of the pie. And so what
Speaker 1: you see is now again the China's Chuck E Cheese
Speaker 1: store has gotten bigger and has most of the goods
Speaker 1: and services we want. Now, the US still has value
Speaker 1: that goods that exports to the world, But what are those?
Speaker 1: What are those? No? We know, you know, if we
Speaker 1: look at automobiles, for example, Japan is this automobile expert.
Speaker 1: I'm going to break down exactly what the US is
Speaker 1: exporting and you'll start to understand what I'm talking about.
Speaker 1: And then I want to tell you, like I said,
Speaker 1: why dollar Bales think this can happen, and how China
Speaker 1: and the BIS has just changed the game. And the hint, hint, hint,
Speaker 1: it has to do with the cb DC. You don't
Speaker 1: want to miss this. What I'm going to unveil is
Speaker 1: brand new data. If you're just tuning in, you're listening
Speaker 1: to the Mark Mash Show talking about the Decentralized Revolution,
Speaker 1: and we're talking about how the dollar, how the currency
Speaker 1: is being decentralized. The plans were just unveiled and I'm
Speaker 1: gonna explain that to you when I come back. I'm
Speaker 1: gonna take a quick break and I'll be right back.
Speaker 1: So don't go away, all right, Welcome back. If you
Speaker 1: just tune in, you're listening to the Mark mas Show.
Speaker 1: We're talking about, of course, the decentralized revolution, how the
Speaker 1: money is being decentralized in how the US dollar is
Speaker 1: getting decentralized away and hint, hint, hint, it's China and
Speaker 1: the BIS and a CBDC that's taking over. But I'm
Speaker 1: getting ahead of myself. So remember, nobody wants the dollars.
Speaker 1: We want the goods and services. So the US used
Speaker 1: to be the producer of goods and services, and now
Speaker 1: China is becoming the goods and services. If we look
Speaker 1: at cars, for example, automobile exports, we can see Japan
Speaker 1: has been a massive exporter of cars. Obviously you know Toyota,
Speaker 1: Lexus et cetera. Germany has been a major exporter of cars, right,
Speaker 1: what do they have, right, Mercedes, BMW, Volvo, et cetera.
Speaker 1: South Korea is a big export of cars. And if
Speaker 1: we look at this chart from just twenty ten to
Speaker 1: twenty twenty two, we'll see that Germany, Japan, and so
Speaker 1: Germany and Japan have fallen off of a cliff right
Speaker 1: around twenty nineteen twenty twenty just completely plummeted. South Korea
Speaker 1: has been trending down since about twenty twelve. The United
Speaker 1: States has stayed about flat, but China, starting in about
Speaker 1: twenty twenty, has taken off like a juggernaut. Now a
Speaker 1: lot of cars like Tesla's, for example, are being made
Speaker 1: in China, So that's no wonder why that is exploding
Speaker 1: through the roof. But back to America. What does America export? Right?
Speaker 1: We used to export lots of goods and services. Well,
Speaker 1: let me break that down for you. So in twenty
Speaker 1: twenty two, America's five biggest export products were number one
Speaker 1: refined petroleum oils, number two crude oil, number three petroleum gases.
Speaker 1: So the top three out of the top five are
Speaker 1: energy products. Then we have cars, and then we have
Speaker 1: electronic integrated circuits. Now, it's important to understand that three
Speaker 1: of the five biggest products have to have to do
Speaker 1: with energy. We find petroleum, oils, petroleum gases. Now, why
Speaker 1: is that important. Well, we're not shipping computers or textiles
Speaker 1: or cars or clothes. We're not shipping those types of things.
Speaker 1: We're literally sending energy. But the problem is in the
Speaker 1: United States, energy is under attack. The Biden administration has
Speaker 1: been actively shutting down oil projects, drilling projects, and things
Speaker 1: like that, and so our main export that we're trying
Speaker 1: to export is now being shut down. So how's that
Speaker 1: going to work out? We're already falling behind because China
Speaker 1: is exporting more goods. The US is still exporting about
Speaker 1: twenty five percent of the world's goods, but it's mostly
Speaker 1: an energy that we're trying to shut down, So that's
Speaker 1: not good. And then on top of it, we, as
Speaker 1: I said, you know, Europe still has a pretty decent
Speaker 1: sized sliver as of you know, twenty twenty one, still
Speaker 1: sitting on about I don't know, twenty five, probably about
Speaker 1: twenty percent or so, if I'm just looking a pie
Speaker 1: charge here, about twenty percent of the world's exports, which
Speaker 1: mostly come from Germany. Germany is the economic engine of
Speaker 1: Europe down southern Europe. Sorry if you're from there. We
Speaker 1: call this the pigs Portugal, Italy, Greece, Spain. They don't
Speaker 1: really produce anything. They're just barely getting along because Germany
Speaker 1: is the engine that's driving a ford. German manufacturing, right,
Speaker 1: German engineering, and so not only as I said, like
Speaker 1: the car manufacturers, but all types of high tech equipment
Speaker 1: that Germany can make. But the problem is is that
Speaker 1: Germany has a massive problem on their hands, sort of
Speaker 1: like the US, which has been cutting their own cutting
Speaker 1: their nose off to spike their face, cutting off their
Speaker 1: energy plies. Well, that's the same thing that happened in Europe.
Speaker 1: Germany shut down all their nuclear reactors, so their energy
Speaker 1: prices went to the roof. They became dependent on Russia
Speaker 1: for natural gas that got cut off, and so now
Speaker 1: prices in Germany spiked sky high. There's not enough energy,
Speaker 1: and so I guess we can't manufacture goods anymore. And
Speaker 1: so Germany has been what we say de industrializing. Industrializing
Speaker 1: is when we went from a farm in farm and
Speaker 1: farming cottage industry into actual like factories, cities, and factories,
Speaker 1: and now they're de industrializing because now those factories can't
Speaker 1: afford to run anymore. They don't have the power. So
Speaker 1: what's happening, Well, they can't produce the goods to export.
Speaker 1: We can see headlines all over the place. Germany's leaders
Speaker 1: and top CEOs have arrived in Beijing. They need China
Speaker 1: now more than ever. Yeah, they need China to make
Speaker 1: their products for them because they don't have the energy
Speaker 1: to do that. We see one of Germany's largest corporations,
Speaker 1: B A s F have now shut their factories down
Speaker 1: in Germany and moved them to China. We can see,
Speaker 1: you know, through all types of trade blocks were when
Speaker 1: we look at the trade blocks, we can see that
Speaker 1: China is just taking over more and more. Matthew Pines
Speaker 1: put out on Twitter. By squeezing Germany out of global
Speaker 1: value chains, China would secure a dominant strategic position the
Speaker 1: tripolar network of exports on its way towards a unipolar
Speaker 1: Chinese dominance. So by squeezing Germany out of its global
Speaker 1: value chains, China would secure a dominant position. So China
Speaker 1: doesn't have to squeeze Germany out. Germany is squeezing itself
Speaker 1: out by shutting down its own power plants, by refusing
Speaker 1: to get its own energy out of the ground. Shutting
Speaker 1: down is nuclear, refusing to get its own natural gas
Speaker 1: put itself dependent on Russia. Now they can't even afford energy.
Speaker 1: They have squeezed themselves out of the value chains. The
Speaker 1: enemy is within the United States, Germany, Europe. It's their
Speaker 1: game to lose. The only way they lose the game
Speaker 1: is by doing it to themselves by literally shutting off
Speaker 1: their own energy, which makes no sense. So here we
Speaker 1: are Germany squeezing itself out out of the supply chains
Speaker 1: and going back to the Chuck E Cheese example. Remember,
Speaker 1: I only want Chuck e Cheese tokens if I want
Speaker 1: to play games from Chuck E Cheese. I only want
Speaker 1: the dollar token or the Chinese token if I can
Speaker 1: get goods from China or the US. But the only
Speaker 1: thing that the US is selling is energy, and the
Speaker 1: US is trying to shut its energy down just like
Speaker 1: Germany did, so which tokens will be more valuable in
Speaker 1: the future if you want actual things, if you want
Speaker 1: actual goods and services, which you rather have Chinese tokens
Speaker 1: or US tokens, And you start to see what's going
Speaker 1: on here. Now, you have to understand that I said,
Speaker 1: there's a lot of people that say, but this will
Speaker 1: never happen, Mark, you don't understand. You don't understand because
Speaker 1: there can never be another currency to take over the
Speaker 1: dollar because of many factors. For example, as I said before,
Speaker 1: the dollar makes up the majority of trade. It's widely accepted,
Speaker 1: other people will take it. Nobody wants chucke cheese tokens
Speaker 1: because nobody takes them. But the dollar is accepted everywhere.
Speaker 1: That's true except for what if China? Why not just
Speaker 1: use them in China? Now, there's four other reasons why
Speaker 1: the dollar won't be unseated anytime soon. But I'm gonna
Speaker 1: tell you why they've just been You served how it happened,
Speaker 1: where China and the CBDC fits into all this and more.
Speaker 1: If you just tune in, you're listening to the Mark
Speaker 1: Ma Show. We're talking about the decentralized revolution breaking down,
Speaker 1: how king dollar is losing its seat and not gradually,
Speaker 1: but probably suddenly with one big technological shift that was
Speaker 1: just released by the BIS and China. I'm going to
Speaker 1: break that down, and yeah, we'll talk about how to
Speaker 1: protect yourself back with that and more in a minute.
Speaker 1: Don't away, I'll be right back. Hi, welcome back. If
Speaker 1: you just tune in, you are listening to the Mark
Speaker 1: Maas show. We're talking about, of course always the decentralized revolution,
Speaker 1: and we're talking about right now now the dollar is
Speaker 1: becoming decentralized, or I should say, there's other solutions besides
Speaker 1: the dollar. Let me say that. So, as I was
Speaker 1: saying before the break, if you've missed any of this,
Speaker 1: don't worry. I got your back. You can go check
Speaker 1: it out on the podcast. Is a very very important episode.
Speaker 1: You should be listening to this Mark Mashow in your
Speaker 1: favorite podcast player, or go to the YouTube channel Market
Speaker 1: Disruptors and you can watch me and listen to me
Speaker 1: at the same time. All the past episodes are archived
Speaker 1: on there, so go check it out. Okay, So, why
Speaker 1: will no other currency challenge king dollar? Well, like I said, one,
Speaker 1: the dollar is widely accepted. Nobody wants to take chuck
Speaker 1: e Cheese tokens for your goods and services because nobody
Speaker 1: else would take those chuck e Cheese tokens. But if
Speaker 1: you accept a dollar, almost anybody in the world will
Speaker 1: take a dollar. Okay, that's number one. But as I'm saying,
Speaker 1: over the last ten years, we've seen China just completely
Speaker 1: blow past the United States as leading goods and services.
Speaker 1: The US is only selling energy. Obviously, the dollar is
Speaker 1: also being sold by the petro dollar in Saudi Arabia.
Speaker 1: But now Saudi Arabia say they're gonna start selling energy
Speaker 1: in other currencies. So why does anybody want the dollar now?
Speaker 1: The other reason why is because the dollar has open
Speaker 1: capital markets. That means I can put money in, I
Speaker 1: can take money out, and China doesn't have open capital markets,
Speaker 1: and so that's a big problem. However, as we talked
Speaker 1: about earlier in the show, I talked about how as
Speaker 1: the IMF increased the SDR basket for the Chinese you want,
Speaker 1: China said that they would start to open up their
Speaker 1: capital markets. Now I'll believe it when I see it.
Speaker 1: We're certainly not there yet. That's number two why king
Speaker 1: dollar won't be replaced, but here China is saying they're
Speaker 1: going to do that. Number three is that you need
Speaker 1: to have a functioning bond market. So the United States
Speaker 1: Treasury is the best asset in the world to own
Speaker 1: by anybody. You know, these by these other central banks, conglomerates,
Speaker 1: et cetera. And so you need to have this functioning
Speaker 1: bond mark has to be big enough, has to have
Speaker 1: enough liquidity, et cetera. You also have to have the
Speaker 1: swift system. So the swift system is what allows the
Speaker 1: money to go anywhere in the world. It's why the
Speaker 1: dollar is so accepted because the dollar really above everything
Speaker 1: is actually a payment network, and so it allows dollars
Speaker 1: to move anywhere in the world. I can send a
Speaker 1: dollar to basically anywhere in the world through this swift system.
Speaker 1: If you ever sent a bank wire, then you know
Speaker 1: what the swift system is. And then find the fifth
Speaker 1: reason is because of the correspondent banks that work within
Speaker 1: the system to move the money around. So you can't
Speaker 1: just unplug the dollar and plug in the yuan. You
Speaker 1: don't have all those other things unless you could just
Speaker 1: bypass all those other things. And that's exactly the point
Speaker 1: that we're talking about. So when technology, when you look
Speaker 1: at the world how we industrialized. Specifically, let's just jump
Speaker 1: fast forward. I'm kind of running out of time here.
Speaker 1: If you fast forward, you look at the United States,
Speaker 1: and we had telephones and it took about eighty years
Speaker 1: for the telephones to reach about eighty percent adoption because
Speaker 1: you had to literally run wires across the whole country.
Speaker 1: That took a long time and took a lot of money.
Speaker 1: But once we had the telephone lines ran, it was
Speaker 1: much easier and faster to adopt the Internet. The Internet
Speaker 1: worked across phone lines if you remember the old days
Speaker 1: of the Internet. However, in other countries like Africa, for example,
Speaker 1: they didn't have phone lines, so Africa didn't get the Internet,
Speaker 1: so they were kind of left out of that. But
Speaker 1: as soon as we got wireless internet, which is everything's
Speaker 1: done wirelessly now, as soon as we got that, then
Speaker 1: Africa leapfrog pasted the US. They didn't ever, they did't
Speaker 1: ever go to wired phones. They went straight to wire lists.
Speaker 1: And that's exactly where we're at with the money supply.
Speaker 1: So while no other country has the functioning bond market,
Speaker 1: the swift system, the correspondent banks, et cetera, what if
Speaker 1: they could just create a new system that doesn't need those,
Speaker 1: And that's exactly what we have. So the Bank of
Speaker 1: International Settlements, which is the central bank above all central banks,
Speaker 1: they're the big dog. They're at the top of the
Speaker 1: org chart. They're the ones that coordinate all the money
Speaker 1: between the world, and the BIS and China have created
Speaker 1: something new called the m Bridge m Bridge and basically
Speaker 1: what this is, it's a cross bridge to move money
Speaker 1: between countries without the wires of what the US system has.
Speaker 1: It allows just like Africa leapfrog pass wired, they went
Speaker 1: straight to wireless, China is bypassing that old financial plumbing
Speaker 1: and just moving to new financial plumbing. And the Central
Speaker 1: Banking Digital Currency platform really serves four main purposes that
Speaker 1: China really cares about. One, it blocks the ability for
Speaker 1: US to impose sanctions, and it blocks the ability for
Speaker 1: US to surveil all the financial transactions too. It builds
Speaker 1: non USD rails with their key partners, so the USD
Speaker 1: rails are how the money moves, so now they don't
Speaker 1: have to use the US dollar system. They can move
Speaker 1: it on their own with their key trading partners. The
Speaker 1: rest of the bricks. It expands their offshore currency liquidity,
Speaker 1: so now all these countries can just start using their
Speaker 1: currency directly with them without having to go through the
Speaker 1: US dollar rails, without being worried about sanctioned and things
Speaker 1: like that. So it expands liquidity, and finally forth it
Speaker 1: increases their influence over the geoeconomic sphere. So now China
Speaker 1: can have more influence on all these emerging markets because
Speaker 1: these emerging markets either one don't want to use the dollar,
Speaker 1: or two they're not allowed they don't have permission to
Speaker 1: use the dollar because of of course sanctions. And so
Speaker 1: now China can now exert their influence in this sphere
Speaker 1: because now people can just move directly to this currency.
Speaker 1: Now you can find this information on the BIS website.
Speaker 1: It's called imbridge. Just go under projects and you'll see mbridge.
Speaker 1: But some text here says it's pretty important to read
Speaker 1: the payment system underpinning cross border financial flows has not
Speaker 1: kept pace with rapid growth. So what they're saying is
Speaker 1: that the payment system underpinning cross bitter financial flows, which
Speaker 1: is the US plumbing, the old wired phone system, the
Speaker 1: correspondent banks, swift, et cetera. They're saying that's old and
Speaker 1: it hasn't kept pace with rapid growth. They're saying a
Speaker 1: global network of correspondent banks that facilitates international payments is
Speaker 1: hindered by high costs, the low speed, and transparency and
Speaker 1: operational complexities. So the thing that keeps the dollar in power.
Speaker 1: This global network of correspondent banks is actually the problem
Speaker 1: that they're trying to solve. You see, sort of like
Speaker 1: phone line where the barrier to speed and now we
Speaker 1: can just send five G across the air. And so
Speaker 1: that old network that's keeping the US indominant position is
Speaker 1: actually the reason why they need to replace it. And
Speaker 1: so now they can they can fix that, it says. Notably,
Speaker 1: emerging markets and developing economies have a need affordable access
Speaker 1: to the global financial system. So the US has kicked
Speaker 1: a lot of these people out of the financial system.
Speaker 1: They're not allowed to participate, they don't have permission, but
Speaker 1: they need They need to be able to get into
Speaker 1: a global financial system. How do they trade, how do
Speaker 1: they buy and sell goods if they're not allowed in
Speaker 1: which the US doesn't allow them, and so they need access,
Speaker 1: and so they say that a multi CBDC arrangement will
Speaker 1: connect all of them and it offers significant potential to
Speaker 1: improve the current system. So by creating this new inmbridge
Speaker 1: multiple CBDC system, they're able to connect together directly, which
Speaker 1: will give them a big improvement, it says. The BIS
Speaker 1: Innovation Hub Hong Kong the Hong Kong One Onto Authority,
Speaker 1: which is sort of the one of the capital financial
Speaker 1: capitals of the world. The People's Bank of China of
Speaker 1: course PBOC, and the Central Bank of United Arab emir
Speaker 1: Rights UAE, which is of course energy working together to
Speaker 1: build such a multi CBDC platform known as m bridge.
Speaker 1: So basically they have just created a new system to
Speaker 1: completely bypass the entire system. Now it's important to understand
Speaker 1: that this is not like one day maybe it could happen.
Speaker 1: It's here like this is this is happening. As a
Speaker 1: matter of fact, they launched it and have already run
Speaker 1: multiple tests, and they've already been I believe billions of
Speaker 1: dollars of trade have already been settled through this platform.
Speaker 1: This is something that we have to understand. It's here now.
Speaker 1: I do want to let you know. It's a CBDC, yes,
Speaker 1: but it's right now. It's for central banks, it's for
Speaker 1: commercial banks, for state run banks. It's not yet designed
Speaker 1: for retail CBDCs, meaning CBDCs that you and I would
Speaker 1: be using or forced to use, I should say, but
Speaker 1: I say, yet, first they got to get it going
Speaker 1: between themselves. Once it's up and running, then they can
Speaker 1: make us use it. So this is coming, it's coming fast.
Speaker 1: The US dollar is going to lose dominance. But it
Speaker 1: is a process, not an event. Well, this is an event.
Speaker 1: This happened and it's coming and you need to know. Now,
Speaker 1: how do you prepare? How do you protect yourself? Well,
Speaker 1: you need to become less reliant on the government. You
Speaker 1: need to become sovereign. The less dependent you can be,
Speaker 1: the better you'll be. That means not depending on their
Speaker 1: financial system. You can use bitcoin, not dependent on their
Speaker 1: food system. You can raise your own food or meat
Speaker 1: farmers that are you can not be dependent on their welfare.
Speaker 1: You can build your own wealth. You can create wealth
Speaker 1: from anywhere by using the internet and being like a
Speaker 1: digital nomad. Become less dependent on the system. And that's
Speaker 1: how you'll survive. All right now, If you want more help,
Speaker 1: reach out to me. Hit me up on social media
Speaker 1: at one Mark Moss and I'd love to give you
Speaker 1: more information. I'm putting on information and daily on the
Speaker 1: on my social media. Hit me up there and that's
Speaker 1: what I got. Thanks so much for listening. Until next time,
Speaker 1: see it