WEBVTT - Why Controlling Money Is So Important 0:00:00.000 --> 0:00:02.200 Hello, and welcome to another episode of the Mark Mass Show, 0:00:02.200 --> 0:00:05.280 where we talk about, of course, the decentralized revolution. We're 0:00:05.280 --> 0:00:08.440 talking about the way the world is changing from centralization 0:00:09.039 --> 0:00:13.520 to decentralization, from a one global superpower to many, from 0:00:13.560 --> 0:00:19.840 a global homogeny to bipolar or multipolar. And of course 0:00:19.960 --> 0:00:21.720 we look at this through the lens of politics, finance, 0:00:21.720 --> 0:00:25.720 and technology to get context. But of course below all 0:00:25.760 --> 0:00:29.760 of that sits the money. Money is the source of 0:00:29.840 --> 0:00:33.000 all the power, and so if you can centralize control 0:00:33.040 --> 0:00:36.000 over the money, then you can centralize the control over 0:00:36.159 --> 0:00:40.280 everything else. Now that's why we have heard many, many 0:00:40.320 --> 0:00:43.320 times from the most powerful people in the world, like 0:00:43.600 --> 0:00:47.160 the Rothschild family, like Mayor Rothschild famous he said, give 0:00:47.200 --> 0:00:50.880 me control over the money, and I care not who 0:00:50.920 --> 0:00:54.400 makes the nation's laws. We heard Henry Kissinger's famous words 0:00:54.400 --> 0:00:57.760 where he says, control the food, you control the people, 0:00:57.960 --> 0:01:01.680 control the energy, control the continent, control the money, you 0:01:01.800 --> 0:01:04.880 control the world. And so of course the battle is 0:01:05.040 --> 0:01:09.560 always over money. You know, I've been talking about bitcoin 0:01:09.560 --> 0:01:13.399 and cryptocurrencies for whatever seven eight years now, and if 0:01:13.440 --> 0:01:15.440 I had a dollar for every time somebody told me, 0:01:15.920 --> 0:01:19.640 but they will never let something like bitcoin succeed because 0:01:19.640 --> 0:01:22.600 they will never give up control over money. Well, who 0:01:22.640 --> 0:01:27.319 are they? Who are they that won't let bitcoin succeed 0:01:27.360 --> 0:01:29.480 because they don't want to give up control over money? 0:01:29.920 --> 0:01:33.880 Is it the US dollar doesn't want to give up 0:01:33.920 --> 0:01:40.080 control to the Chinese yuan, or to the ECB's euro, 0:01:40.760 --> 0:01:45.440 or the Bank of Russia's remubal or which one doesn't 0:01:45.480 --> 0:01:48.040 want to give up control over money? Because there is 0:01:48.080 --> 0:01:51.560 a battle over money that you need to understand. Now, 0:01:51.680 --> 0:01:54.240 when you go back and you look through history, you'll 0:01:54.320 --> 0:01:57.640 understand that, yes, the dollar has or the dollar is 0:01:57.680 --> 0:02:01.240 the reserve currency of the world today. Hasn't always been 0:02:02.160 --> 0:02:05.160 fiat currencies. Reserve currencies typically last about eighty tow one 0:02:05.240 --> 0:02:08.680 hundred years. Before the dollar, it was the British pounds sterling. 0:02:08.960 --> 0:02:11.799 Now it's important to understand that when the dollar took 0:02:11.880 --> 0:02:14.320 over the role of the reserve currency of the world 0:02:14.400 --> 0:02:17.120 from the pound sterling, it was about a thirty or 0:02:17.200 --> 0:02:22.000 forty year process. Now, eventually there was a ruling from 0:02:22.040 --> 0:02:24.280 on high where the world got together in Bretonwoods in 0:02:24.320 --> 0:02:26.840 nineteen forty four said officially, now the dollar is the 0:02:26.840 --> 0:02:30.520 reserve currency. But it started happening thirty to forty years before, 0:02:30.600 --> 0:02:34.520 when when the UK started weakenings currency by taking on 0:02:34.600 --> 0:02:38.680 way too much debt, getting itself into wars, weakening its 0:02:38.680 --> 0:02:40.920 manufacturing base, and all of those other things, and so 0:02:41.000 --> 0:02:43.919 the dollar took over. However, it's important to note that 0:02:44.000 --> 0:02:46.240 while the dollar did take over from the pound sterling 0:02:46.280 --> 0:02:49.360 one hundred years ago, the pound sterling is still there today, 0:02:49.400 --> 0:02:50.919 still being used today. As a matter of fact, it's 0:02:50.919 --> 0:02:53.640 still one of the top three currencies used in the 0:02:53.680 --> 0:02:56.680 world today. So even though it lost its position, it's 0:02:56.720 --> 0:02:58.840 still there. It's worth noting that as we go through this, 0:03:00.520 --> 0:03:02.440 a lot of times people say, like, when will the 0:03:02.440 --> 0:03:05.640 dollar collapse? When will the dollar stop being the reserve 0:03:05.680 --> 0:03:07.440 currency of the world. And I want to say, what 0:03:07.560 --> 0:03:10.639 is your definition of that? You want to know when 0:03:10.639 --> 0:03:13.560 will the dollar collapse? What's your definition of collapsing? Because 0:03:13.919 --> 0:03:17.840 the dollars already down seventy seven percent to bitcoin this year, 0:03:17.880 --> 0:03:21.280 it's already down sixty five percent to the S and 0:03:21.280 --> 0:03:23.560 P five hundred in the last five years. It's down 0:03:24.000 --> 0:03:26.280 fifty eight percent to real estate in the last five years. 0:03:27.160 --> 0:03:29.880 It's down. It's I mean, that's a crash to me, 0:03:30.520 --> 0:03:34.839 my dollars by half as much house half as much 0:03:34.960 --> 0:03:38.120 S and P five hundred, half as much gold, half 0:03:38.160 --> 0:03:40.960 as much gasoline as they did just a few years ago. 0:03:41.160 --> 0:03:43.960 That's a crash. So what's your definition of a crash? 0:03:44.080 --> 0:03:46.680 And so I would ask that because it's already happening. 0:03:46.720 --> 0:03:48.600 But back to the kind of point at hand. And 0:03:48.640 --> 0:03:51.640 so there's this battle over money, and so everybody wants 0:03:51.640 --> 0:03:55.240 to know what is next, what's the next reserve currency? Well, 0:03:55.840 --> 0:03:57.400 if you listen to me on a regular basis, you 0:03:57.400 --> 0:03:59.920 know that I'm talking about the decentralized revolution going on 0:04:00.000 --> 0:04:02.840 from a world of centralization to decentralization. So I don't 0:04:02.840 --> 0:04:09.200 believe there is another next reserve currency, fiat reserve currency 0:04:09.240 --> 0:04:12.840 that the world agrees to on high that it's next. Well, 0:04:13.040 --> 0:04:15.360 when I don't say ever, I mean ever's a long time, 0:04:15.480 --> 0:04:17.599 not in the near future, not in the next several 0:04:17.640 --> 0:04:21.159 decades anyway. So I don't believe there is a next 0:04:21.160 --> 0:04:24.000 to replace the dollar. But we know that there's a battle. 0:04:24.760 --> 0:04:27.200 We know that they're fighting over who's coming next. And 0:04:27.240 --> 0:04:30.080 of course you've seen people all over media talking about this. 0:04:30.120 --> 0:04:33.720 Even Tucker Carlson was talking about this on Fox News 0:04:33.720 --> 0:04:35.680 before he got kicked off, and he was talking about 0:04:35.720 --> 0:04:38.240 the rise of the bricks nation. So we have the 0:04:38.279 --> 0:04:42.520 bricks Brazil, Russia, India, China, South Africa and the rise 0:04:42.520 --> 0:04:45.240 of the bricks. And we've seen many many reports. There's 0:04:45.480 --> 0:04:48.240 headlines that say, like here's one on markets Insiders saying 0:04:48.279 --> 0:04:52.440 that Russia and China are brewing up a challenge to 0:04:52.680 --> 0:04:57.120 dollar dominance by creating a new reserve currency. So we 0:04:57.160 --> 0:05:00.320 see that. So they're trying to create a ch ballenge 0:05:00.320 --> 0:05:02.160 to the dollar. They want to have a new reserve currency, 0:05:02.360 --> 0:05:04.720 the Chinese yuan, Will it be the Russian ruble? Will 0:05:04.720 --> 0:05:06.840 they work together to create a new one, right, So 0:05:07.200 --> 0:05:10.440 they're jockeying for this. Now we know that the all 0:05:10.440 --> 0:05:13.159 the central banks of the world, so the US Central Bank, 0:05:13.200 --> 0:05:16.279 the FED, the BOE, the BOJ, the PBOC, et cetera. 0:05:17.360 --> 0:05:21.080 They are all underneath the IMF International Monetary Fund, which 0:05:21.120 --> 0:05:22.720 is like the central bank above central banks. And the 0:05:22.760 --> 0:05:26.680 IMF creates what's called an SDR Special Drawing Rights And 0:05:26.839 --> 0:05:30.320 in this SDR basket, it's a basket of currencies and 0:05:30.440 --> 0:05:33.440 based off of each country and their economic output and 0:05:33.480 --> 0:05:35.120 the amount of currency they have, et cetera, they get 0:05:35.160 --> 0:05:38.240 a waiting or a percentage in this basket. And we 0:05:38.279 --> 0:05:42.160 saw last year that the IMF lifted the yuan's waiting 0:05:43.760 --> 0:05:47.240 and it went from you know, ten point nine percent 0:05:47.320 --> 0:05:49.760 to twelve point two percent, so not massive. It hasn't 0:05:49.839 --> 0:05:52.400 overtaken the dollar. But again, we always want to look 0:05:52.440 --> 0:05:54.760 at the trend, and the trend is that it's growing. 0:05:54.760 --> 0:05:58.559 It's growing. It's growing. Now that prompted Chinese central banks 0:05:58.600 --> 0:06:01.880 to pledge to open its financial markets. Now why is 0:06:01.920 --> 0:06:04.920 that important? Well, I'm going to come back to this later. 0:06:05.040 --> 0:06:08.520 Why people say that the dollar can't be dethroned because 0:06:08.520 --> 0:06:10.599 of many things. I'm gonna list those off, one of 0:06:10.640 --> 0:06:13.440 those being open financial markets. But here the Chinese saying, Okay, 0:06:13.440 --> 0:06:15.640 we're gonna do it. We're gonna open our Chinese our 0:06:15.640 --> 0:06:18.400 financial markets, which we'll see if that happens. But I 0:06:18.400 --> 0:06:21.920 think it's important to understand that as we see China 0:06:22.240 --> 0:06:27.560 rising to no pun in rising, as China has been 0:06:27.640 --> 0:06:30.320 rising to kind of challenge the world and become this 0:06:30.440 --> 0:06:34.240 economic powerhouse of manufacturing and so forth, we see the 0:06:34.320 --> 0:06:37.479 rise of the bricks. We know that things are weakened 0:06:37.520 --> 0:06:41.320 and we're going from this unipolar world. After World War Two, 0:06:42.040 --> 0:06:46.119 the United States emerged as the economic leader in the world. 0:06:46.160 --> 0:06:50.520 The United States was you know, it's it saved itself. 0:06:50.520 --> 0:06:52.240 It wasn't involved. I mean, obviously it was involved in 0:06:52.279 --> 0:06:54.000 World War One and World War Two, but that was 0:06:54.000 --> 0:06:56.520 fought over in Europe. So Europe, all the countries in 0:06:56.520 --> 0:07:00.640 Europe were completely ravaged, right, Germany and France, and they 0:07:00.640 --> 0:07:03.640 were all bombed, right, Their manufacturing ability was shut down. 0:07:04.240 --> 0:07:06.640 They spent all their money fighting these wars. But the 0:07:06.720 --> 0:07:09.080 US profited from this. Now I've covered this in many 0:07:09.080 --> 0:07:12.320 other videos and shows on this channel, talking about how 0:07:12.360 --> 0:07:15.840 the United States physiclarly, the banks like JP Morgan, profited 0:07:16.000 --> 0:07:17.720 from the war by playing both sides of it. So 0:07:17.760 --> 0:07:21.000 the United States came out ahead. It fought the war 0:07:21.040 --> 0:07:23.800 over on other shores. And unfortunately, lots of Americans died 0:07:23.920 --> 0:07:25.880 during those wars. So I don't take that lightly. My 0:07:25.920 --> 0:07:29.600 grandfather fought in World War Two. Luckily he didn't give 0:07:29.680 --> 0:07:31.440 up his life during that war. But I don't take 0:07:31.440 --> 0:07:35.600 that lightly. But the bankers, they came out ahead, and 0:07:35.720 --> 0:07:39.880 the United States government came out ahead because America emerged unscathed. 0:07:39.880 --> 0:07:43.360 And not only did emerge unscathed, they managed to accumulate 0:07:43.480 --> 0:07:46.680 two thirds of all the gold in the world at 0:07:46.680 --> 0:07:51.120 that time, and the United States was the manufacturing powerhouse 0:07:51.160 --> 0:07:53.920 of the world. The United States was the leader in 0:07:53.960 --> 0:07:57.240 global manufacturing and global trade, and so because of that, 0:07:57.600 --> 0:08:00.600 it was able to take that position and lead the 0:08:01.000 --> 0:08:03.760 position of the world. But the problem is is that 0:08:04.320 --> 0:08:07.720 while the US did have that dominant position after World 0:08:07.800 --> 0:08:12.840 War Two, throughout the year since, that's changed and we've 0:08:12.840 --> 0:08:17.400 gone from a unipolar world to a multipolar world, to 0:08:17.440 --> 0:08:19.920 a bipolar world, and now to a multipolar world. As 0:08:19.960 --> 0:08:21.600 a matter of fact, if you look at the United States, 0:08:22.720 --> 0:08:26.280 just in two thousand alone, the United States did trade 0:08:26.560 --> 0:08:30.280 with the majority of the world except for some African 0:08:30.320 --> 0:08:35.400 countries and some Asian countries, mostly China. But now fast 0:08:35.440 --> 0:08:39.200 forward into twenty twenty, you'll see that China is now 0:08:39.240 --> 0:08:42.720 doing trade with all the countries in the world except 0:08:42.760 --> 0:08:46.160 for the North American continent, which is Mexico, US, and Canada, 0:08:46.280 --> 0:08:49.400 as well as a little bit of Europe. And so 0:08:49.480 --> 0:08:52.040 that has greatly flip flopped. And I'm gonna explain to 0:08:52.080 --> 0:08:54.600 you why that's important. But i also want to tell 0:08:54.640 --> 0:08:59.760 you about the technological change that's happening that China and 0:08:59.800 --> 0:09:01.880 the think of international settlements is going to use to 0:09:02.400 --> 0:09:04.920 finally dethrown the dollar. If you're just tuning in, you're 0:09:04.960 --> 0:09:06.560 listening to the Mark ma Show. Of course we're talking 0:09:06.559 --> 0:09:09.000 about the decentralized revolution, talking about the way the world 0:09:09.080 --> 0:09:11.880 changes to thellions of politics, finance, and technology. So you 0:09:11.920 --> 0:09:14.440 want to talk about why all the reasons why the 0:09:14.480 --> 0:09:18.320 dollar can't be dethroned have just been changed, and what's 0:09:18.360 --> 0:09:20.760 coming next. You don't want to miss this. I'm gonna 0:09:20.760 --> 0:09:22.400 take a quick break. I'll be right back. Don't go away, 0:09:22.600 --> 0:09:24.800 I'll be right back. All right, welcome back. If you're 0:09:24.800 --> 0:09:26.680 just tune in, you were listening to the Mark mas Show. 0:09:26.720 --> 0:09:29.360 We're talking, of course, about the decentralized revolution, like always, 0:09:29.400 --> 0:09:33.040 but today we're talking about how the money's becoming decentralized, 0:09:33.040 --> 0:09:35.120 how the dollar has been the global reserve currency of 0:09:35.120 --> 0:09:37.800 the world, and how that's changing, going from a unipolar 0:09:37.800 --> 0:09:40.920 to a bipolar to a multipolar world. Now, there's lots 0:09:40.920 --> 0:09:44.079 of reasons why this can't happen, but I think most 0:09:44.120 --> 0:09:46.199 of those have been resolved. I'm want to talk about that. 0:09:47.200 --> 0:09:51.240 But really, like I was saying, the United States emerged 0:09:51.240 --> 0:09:53.680 after World War Two as this economic power, having the 0:09:53.720 --> 0:09:56.840 dollar being the strongest currency because it was backed by 0:09:56.880 --> 0:09:59.000 two thirds of the gold in the world. It was 0:09:59.040 --> 0:10:02.840 also backed by the largest manufacturer and exporter of goods 0:10:02.880 --> 0:10:06.440 in the world. But the problem is, the United States 0:10:06.559 --> 0:10:11.360 is no longer the greatest manufacturer and exporter of goods. 0:10:11.600 --> 0:10:15.800 The United States is probably no longer holding the majority 0:10:15.800 --> 0:10:17.199 of the gold in the world. As a matter of fact, 0:10:17.440 --> 0:10:19.800 nobody really knows how much gold the United States holds 0:10:19.840 --> 0:10:24.760 because they won't ever do an audit, which is pretty interesting. 0:10:24.880 --> 0:10:27.199 You know, you always have to ask yourself. You hear 0:10:27.280 --> 0:10:31.160 these rumors running wild, lots of rumors like the US 0:10:31.200 --> 0:10:34.560 doesn't have any gold. In my own opinion, if I 0:10:34.600 --> 0:10:37.320 had to guess, which I guess, I'm guessing right now. 0:10:37.600 --> 0:10:39.520 I don't think the United States has the gold they 0:10:39.600 --> 0:10:41.160 say they have. And the reason why I would say 0:10:41.160 --> 0:10:45.280 that is because they said they had the gold. Nineteen 0:10:45.360 --> 0:10:47.360 forty four, the dollar was now pegged the gold thirty 0:10:47.400 --> 0:10:49.040 five dollars to one ounce. I think it was eight 0:10:49.040 --> 0:10:52.800 thousand tons of gold. And then they were forced to 0:10:52.840 --> 0:10:55.440 defend that. What do I mean? They started printing way 0:10:55.480 --> 0:10:57.920 too many of the paper claims. The paper goldertificates the 0:10:58.000 --> 0:11:00.280 dollars and give them out to the world. So the 0:11:00.320 --> 0:11:03.160 deal was that the dollar would always be convertible to 0:11:03.280 --> 0:11:07.040 gold at thirty five dollars an ounce. Well, the United 0:11:07.080 --> 0:11:10.480 States government started printing way too many dollars, and the 0:11:10.520 --> 0:11:12.560 rest of the world saw this and said, wait a minute, 0:11:12.559 --> 0:11:14.480 wait a minute, wait a minute, we see what you're doing. 0:11:14.520 --> 0:11:17.920 The game is up here. We don't want these paper dollars, 0:11:17.960 --> 0:11:20.880 We want our gold. And so the world was coming 0:11:20.920 --> 0:11:23.800 to redeem the paper certificates to get the gold back, 0:11:24.920 --> 0:11:27.559 and the United States was trying to defend that peg. 0:11:28.200 --> 0:11:31.360 Sound familiar, you know FTX, Like we've seen this game before. 0:11:31.760 --> 0:11:33.679 They were trying to defend that peg, and so they 0:11:33.720 --> 0:11:35.360 kept giving the gold, giving the gold, give the goal, 0:11:35.440 --> 0:11:38.200 pretending like it was no problem. Oh, sure, no problem, 0:11:38.320 --> 0:11:40.600 everything's fine. Here's your gold, here's your goal. Yeah, no 0:11:40.640 --> 0:11:43.400 big deal. Here's your goal. Here's your gold, trying to 0:11:43.440 --> 0:11:46.160 pretend that they had not done what they had done 0:11:46.200 --> 0:11:48.679 by printing all these dollars, but the world knew it. Finally, 0:11:49.480 --> 0:11:52.880 France sent over its warships to give us to get 0:11:52.920 --> 0:11:55.319 the gold, like, hey, we're done, we want the gold. 0:11:55.559 --> 0:11:58.480 And at that point, the United States defaulted on its debt, 0:11:58.520 --> 0:12:01.880 and President Richard Nixon said, nope, enough over close the 0:12:01.880 --> 0:12:05.080 gold window. You could no longer get the gold out anymore. Now. 0:12:05.160 --> 0:12:07.280 So why do I think the United States doesn't have 0:12:07.280 --> 0:12:10.000 its gold? Well, because I know they were defending the PEG, 0:12:10.320 --> 0:12:14.160 trying to pretend like nothing was wrong, and finally when 0:12:14.240 --> 0:12:16.920 France came to get the gold, they couldn't deliver the gold. 0:12:17.160 --> 0:12:19.080 Now they could have just said we have it and 0:12:19.080 --> 0:12:20.679 we don't want to give it to you, or they 0:12:20.679 --> 0:12:22.720 maybe don't really have it. We don't know the answer 0:12:22.720 --> 0:12:28.000 to that, but my guess is two parts. One. I 0:12:28.160 --> 0:12:30.640 know they were defending the PEG, so they gave up 0:12:30.640 --> 0:12:33.000 a lot of gold. We don't know exactly how much. 0:12:33.120 --> 0:12:35.000 We don't know if it got replaced. But what we 0:12:35.040 --> 0:12:39.360 also know is that they will not audit it. And 0:12:39.440 --> 0:12:42.120 this is where transparency comes in. If they didn't want 0:12:42.160 --> 0:12:45.319 these rumors to run rampant, all they have to do 0:12:45.400 --> 0:12:47.920 is just do an audit. Let some inspectors come in, 0:12:48.040 --> 0:12:50.240 put the cameras on, whatever, show us the gold. If 0:12:50.240 --> 0:12:52.080 you got the gold, show us the gold. But the 0:12:52.080 --> 0:12:55.520 fact that they won't do that tells me that there's 0:12:55.520 --> 0:12:58.439 probably something to hide, right if you can't be If 0:12:58.440 --> 0:13:01.840 you can't be transparent, can't tell the truth, then it 0:13:01.960 --> 0:13:04.480 kind of means you have something to hide. And so 0:13:04.920 --> 0:13:06.800 because of those two circumstances, that's my guess. And again, 0:13:06.840 --> 0:13:08.840 like I said, they could just shoot that down by 0:13:09.040 --> 0:13:12.720 just saying that we have the gold. So anyway, that's 0:13:12.760 --> 0:13:16.800 what happened. Now. The key piece to understand after this 0:13:17.280 --> 0:13:19.160 is that you have to kind of understand. I talk 0:13:19.200 --> 0:13:21.120 about this many times and a lot of times people 0:13:21.120 --> 0:13:25.160 to understand this. But we don't want money, right. Money 0:13:25.240 --> 0:13:29.439 is a medium exchange. Money allows us to exchange our labor. 0:13:29.720 --> 0:13:34.200 We exert our labor, our ideas, our capital to get 0:13:34.360 --> 0:13:37.240 money dollars in this case, And I know there's some 0:13:37.240 --> 0:13:39.480 purersts out there, like Mark, you don't understand dollars aren't money. 0:13:39.480 --> 0:13:41.480 Gold is money. Yeah, yeah, yeah, Okay, you get what 0:13:41.520 --> 0:13:44.400 I'm saying. So we exchange it for money for dollars, 0:13:44.880 --> 0:13:47.360 but we don't want the dollars. I can't eat dollars. 0:13:47.480 --> 0:13:50.320 Dollars don't you know, bring my family enjoyment. What I 0:13:50.360 --> 0:13:52.200 want is I want that money to buy me the 0:13:52.240 --> 0:13:54.240 things that I want, which is goods and services. I 0:13:54.280 --> 0:13:56.760 want food, I want gas for my car. I want 0:13:56.760 --> 0:13:58.240 a car, I want a house, et cetera, and so 0:13:58.240 --> 0:14:00.360 I want to exchange those for goods and so. And 0:14:00.400 --> 0:14:03.160 the reason why that's important to understand is going back 0:14:03.200 --> 0:14:07.199 to the United States becoming this emergent power because they 0:14:07.320 --> 0:14:10.800 produced all the goods and they traded with the world. 0:14:10.840 --> 0:14:13.080 So the US had all the gold and produced the 0:14:13.080 --> 0:14:15.360 majority of the goods in the world. And that was 0:14:15.400 --> 0:14:17.640 important because again, we don't want money, we want the goods. 0:14:17.760 --> 0:14:20.560 So if I go to Chuck E Cheese and I 0:14:20.600 --> 0:14:22.880 want to play a game at Chuck E Cheese, I 0:14:23.000 --> 0:14:25.600 need the Chuck E Cheese tokens. I don't want the 0:14:25.680 --> 0:14:27.800 Chuck E Cheese tokens. What I want is I want 0:14:27.800 --> 0:14:30.800 to play one of their games. So I will give 0:14:30.840 --> 0:14:34.400 them my money in exchange for their tokens so that 0:14:34.480 --> 0:14:37.640 I can spend those tokens at Chuck E Cheese playing 0:14:37.680 --> 0:14:40.240 those games. Nobody else in the world is going to 0:14:40.280 --> 0:14:42.680 accept those tokens because what are they going to They 0:14:42.680 --> 0:14:44.560 don't want to go play Chuck E Cheese games. It's 0:14:44.600 --> 0:14:46.840 not a good medium exchange. And so it's important to 0:14:46.880 --> 0:14:49.800 understand that. So people would take the dollars because they 0:14:49.840 --> 0:14:53.120 could give the dollars back in exchange for goods. But 0:14:53.200 --> 0:14:56.760 today the US doesn't make the goods anymore. Now China 0:14:56.920 --> 0:15:00.720 dominates the goods. So a lot of dollar bowls tell you, yeah, 0:15:00.880 --> 0:15:03.680 no country will take other currency. They want the dollars 0:15:03.680 --> 0:15:07.160 because everyone takes dollars. Why would another country take fill 0:15:07.160 --> 0:15:10.480 in the blank with whatever you have currency, Russian rubles, turkers, lira, 0:15:11.000 --> 0:15:13.560 you know, bolevars, whatever, Why would they accept that when 0:15:13.560 --> 0:15:15.680 nobody would take them from them? Why would you accept 0:15:15.720 --> 0:15:17.640 CHUCKI Cheese tokens when nobody will accept those from you 0:15:18.040 --> 0:15:21.040 except chuck E Cheese. And so that's a good answer 0:15:22.200 --> 0:15:24.560 except for what can they really do with dollars? Now? 0:15:24.640 --> 0:15:27.360 Other people take accept dollars, but they can't really spend 0:15:27.400 --> 0:15:29.360 those at the dollars at the US at the US 0:15:29.440 --> 0:15:32.440 store because the US doesn't have anything they need. Now. China, 0:15:32.600 --> 0:15:35.720 on the other hand, makes all the goods. So that's 0:15:35.800 --> 0:15:38.600 like China is the big chuck E Cheese. Now, so 0:15:38.760 --> 0:15:41.320 if China gives me their tokens the Chinese you want, 0:15:41.360 --> 0:15:43.760 I can go spend them in China, and China just 0:15:43.840 --> 0:15:45.920 happens to make the goods that I need. Does that 0:15:45.920 --> 0:15:48.160 make sense? It's important to understand this, and when you 0:15:48.200 --> 0:15:52.600 see this, then you start to understand the holes in 0:15:52.640 --> 0:15:56.160 these dollar bowls logic. So Luke Grahmin, one of my 0:15:56.160 --> 0:16:00.360 favorite analysts, he said on Twitter, the flaw in most 0:16:00.360 --> 0:16:03.000 people's thinking is that, but the US dollar is still 0:16:03.040 --> 0:16:07.880 eighty eight percent of global foreign currency trading, which it is. 0:16:08.840 --> 0:16:11.760 But the reason why that's wrong is because ninety nine 0:16:11.800 --> 0:16:14.720 point nine percent of the world doesn't care about FX trading. 0:16:15.200 --> 0:16:18.280 What they care about is they care about goods that 0:16:18.320 --> 0:16:21.680 they use in their everyday life. They care about food, gasoline, cars, 0:16:21.760 --> 0:16:24.000 et cetera. And so when we look at this over time, 0:16:24.040 --> 0:16:26.880 we can see just going back to twenty ten, if 0:16:26.920 --> 0:16:29.080 you looked at the world as a pie chart, and 0:16:29.120 --> 0:16:33.000 you looked at the amount of manufactured goods value being 0:16:33.040 --> 0:16:34.840 added to the world in twenty ten, according to the 0:16:34.840 --> 0:16:37.720 World Bank, the United States made up about twenty five percent, 0:16:38.040 --> 0:16:40.560 and China made up about twenty five percent, The Euro 0:16:40.640 --> 0:16:43.520 market made up twenty five percent, and then Japan made 0:16:43.600 --> 0:16:45.760 up maybe thirty percent, and the rest was kind of 0:16:45.760 --> 0:16:48.440 made up between like India, Asia, et cetera. So it 0:16:48.480 --> 0:16:50.760 was pretty even. Twenty five twenty five twenty five US 0:16:50.760 --> 0:16:53.280 twenty five, China twenty five euro and then Japan with 0:16:53.320 --> 0:16:55.160 about thirty and then it kind of spread out. But 0:16:55.200 --> 0:16:58.520 now fast forward ten years to now well eleven to 0:16:58.520 --> 0:17:01.160 twenty twenty one, and we'll see that now China has 0:17:01.280 --> 0:17:03.120 now moved from twenty five percent of the pie to 0:17:03.160 --> 0:17:06.159 like fifty percent of the pie. The United States has 0:17:06.200 --> 0:17:07.600 gone from like twenty five percent of the pie down 0:17:07.640 --> 0:17:10.800 to like thirty percent of the pie. And so what 0:17:10.840 --> 0:17:14.640 you see is now again the China's Chuck E Cheese 0:17:14.640 --> 0:17:16.360 store has gotten bigger and has most of the goods 0:17:16.359 --> 0:17:19.480 and services we want. Now, the US still has value 0:17:19.560 --> 0:17:23.080 that goods that exports to the world, But what are those? 0:17:23.600 --> 0:17:26.560 What are those? No? We know, you know, if we 0:17:26.600 --> 0:17:32.200 look at automobiles, for example, Japan is this automobile expert. 0:17:33.400 --> 0:17:35.119 I'm going to break down exactly what the US is 0:17:35.160 --> 0:17:37.320 exporting and you'll start to understand what I'm talking about. 0:17:37.359 --> 0:17:39.800 And then I want to tell you, like I said, 0:17:40.160 --> 0:17:43.199 why dollar Bales think this can happen, and how China 0:17:43.440 --> 0:17:46.600 and the BIS has just changed the game. And the hint, hint, hint, 0:17:46.840 --> 0:17:49.240 it has to do with the cb DC. You don't 0:17:49.240 --> 0:17:51.399 want to miss this. What I'm going to unveil is 0:17:51.520 --> 0:17:53.240 brand new data. If you're just tuning in, you're listening 0:17:53.280 --> 0:17:55.760 to the Mark Mash Show talking about the Decentralized Revolution, 0:17:55.800 --> 0:17:58.560 and we're talking about how the dollar, how the currency 0:17:58.760 --> 0:18:01.640 is being decentralized. The plans were just unveiled and I'm 0:18:01.640 --> 0:18:02.960 gonna explain that to you when I come back. I'm 0:18:02.960 --> 0:18:04.840 gonna take a quick break and I'll be right back. 0:18:05.040 --> 0:18:06.520 So don't go away, all right, Welcome back. If you 0:18:06.600 --> 0:18:08.280 just tune in, you're listening to the Mark mas Show. 0:18:08.280 --> 0:18:12.080 We're talking about, of course, the decentralized revolution, how the 0:18:12.119 --> 0:18:14.920 money is being decentralized in how the US dollar is 0:18:15.200 --> 0:18:19.720 getting decentralized away and hint, hint, hint, it's China and 0:18:19.800 --> 0:18:22.840 the BIS and a CBDC that's taking over. But I'm 0:18:22.880 --> 0:18:25.840 getting ahead of myself. So remember, nobody wants the dollars. 0:18:25.840 --> 0:18:28.880 We want the goods and services. So the US used 0:18:28.880 --> 0:18:31.000 to be the producer of goods and services, and now 0:18:31.160 --> 0:18:33.440 China is becoming the goods and services. If we look 0:18:33.440 --> 0:18:36.359 at cars, for example, automobile exports, we can see Japan 0:18:36.800 --> 0:18:40.480 has been a massive exporter of cars. Obviously you know Toyota, 0:18:40.880 --> 0:18:44.880 Lexus et cetera. Germany has been a major exporter of cars, right, 0:18:45.080 --> 0:18:49.440 what do they have, right, Mercedes, BMW, Volvo, et cetera. 0:18:50.240 --> 0:18:52.959 South Korea is a big export of cars. And if 0:18:52.960 --> 0:18:54.960 we look at this chart from just twenty ten to 0:18:54.960 --> 0:18:58.560 twenty twenty two, we'll see that Germany, Japan, and so 0:18:58.800 --> 0:19:01.440 Germany and Japan have fallen off of a cliff right 0:19:01.480 --> 0:19:06.520 around twenty nineteen twenty twenty just completely plummeted. South Korea 0:19:06.520 --> 0:19:10.520 has been trending down since about twenty twelve. The United 0:19:10.520 --> 0:19:14.640 States has stayed about flat, but China, starting in about 0:19:14.640 --> 0:19:18.679 twenty twenty, has taken off like a juggernaut. Now a 0:19:18.680 --> 0:19:21.880 lot of cars like Tesla's, for example, are being made 0:19:21.880 --> 0:19:24.320 in China, So that's no wonder why that is exploding 0:19:24.560 --> 0:19:28.400 through the roof. But back to America. What does America export? Right? 0:19:28.440 --> 0:19:32.800 We used to export lots of goods and services. Well, 0:19:32.920 --> 0:19:34.680 let me break that down for you. So in twenty 0:19:34.720 --> 0:19:39.680 twenty two, America's five biggest export products were number one 0:19:39.960 --> 0:19:45.240 refined petroleum oils, number two crude oil, number three petroleum gases. 0:19:45.880 --> 0:19:48.680 So the top three out of the top five are 0:19:49.119 --> 0:19:51.439 energy products. Then we have cars, and then we have 0:19:51.480 --> 0:19:54.399 electronic integrated circuits. Now, it's important to understand that three 0:19:54.480 --> 0:19:58.080 of the five biggest products have to have to do 0:19:58.119 --> 0:20:03.200 with energy. We find petroleum, oils, petroleum gases. Now, why 0:20:03.280 --> 0:20:07.840 is that important. Well, we're not shipping computers or textiles 0:20:07.920 --> 0:20:11.120 or cars or clothes. We're not shipping those types of things. 0:20:11.200 --> 0:20:15.760 We're literally sending energy. But the problem is in the 0:20:15.840 --> 0:20:21.520 United States, energy is under attack. The Biden administration has 0:20:21.600 --> 0:20:27.920 been actively shutting down oil projects, drilling projects, and things 0:20:27.960 --> 0:20:32.200 like that, and so our main export that we're trying 0:20:32.240 --> 0:20:36.840 to export is now being shut down. So how's that 0:20:36.880 --> 0:20:40.879 going to work out? We're already falling behind because China 0:20:41.040 --> 0:20:44.240 is exporting more goods. The US is still exporting about 0:20:44.240 --> 0:20:46.119 twenty five percent of the world's goods, but it's mostly 0:20:46.160 --> 0:20:49.560 an energy that we're trying to shut down, So that's 0:20:49.560 --> 0:20:52.600 not good. And then on top of it, we, as 0:20:52.640 --> 0:20:55.600 I said, you know, Europe still has a pretty decent 0:20:55.640 --> 0:20:58.160