1 00:00:04,600 --> 00:00:07,680 Speaker 1: So the big question is this, how do investors like 2 00:00:07,880 --> 00:00:11,800 Speaker 1: us get access to the ideas, information, and most importantly, 3 00:00:12,039 --> 00:00:14,880 Speaker 1: the right people that give us the tools and information 4 00:00:15,000 --> 00:00:19,000 Speaker 1: we need to make informed and educated decisions to have success. 5 00:00:19,600 --> 00:00:22,360 Speaker 1: That is the question, and this podcast will give us 6 00:00:22,360 --> 00:00:25,480 Speaker 1: the answers. This is Mark Moss, your host. Let's get 7 00:00:25,520 --> 00:00:29,520 Speaker 1: this started. Hello everyone, and welcome back to another episode 8 00:00:29,520 --> 00:00:32,599 Speaker 1: of the Market Disruptors podcast. Today, I am in the 9 00:00:32,680 --> 00:00:35,720 Speaker 1: studio with you alone. I don't have a guest today 10 00:00:35,760 --> 00:00:38,200 Speaker 1: because there are some things that I wanted to talk about, um, 11 00:00:38,240 --> 00:00:39,800 Speaker 1: some big things that we've been talking about on the 12 00:00:39,800 --> 00:00:42,599 Speaker 1: Market Disruptors YouTube channel, and some things that have been 13 00:00:42,600 --> 00:00:43,800 Speaker 1: in the news that I wanted to talk to you 14 00:00:43,840 --> 00:00:46,040 Speaker 1: about today, and I just didn't have the right guest 15 00:00:46,120 --> 00:00:47,479 Speaker 1: to bring on. So I thought, you know what, I'm 16 00:00:47,479 --> 00:00:49,320 Speaker 1: just gonna go in there solo and we're gonna talk 17 00:00:49,360 --> 00:00:51,159 Speaker 1: about a couple of topics. And what I want to 18 00:00:51,159 --> 00:00:53,280 Speaker 1: talk about today is I want to talk about the 19 00:00:53,360 --> 00:00:55,880 Speaker 1: history of money. I'm not gonna go super deep into this, 20 00:00:55,960 --> 00:00:59,000 Speaker 1: but coming from we're gonna go look at the transition 21 00:00:59,080 --> 00:01:03,640 Speaker 1: from when Britain was the world's superpower and passed the 22 00:01:03,640 --> 00:01:05,960 Speaker 1: baton off to the United States, the US dollar took 23 00:01:06,000 --> 00:01:09,919 Speaker 1: the reserve status of the entire world. How that transition 24 00:01:09,959 --> 00:01:13,360 Speaker 1: took place, because that's super important to understand how that happened. 25 00:01:13,640 --> 00:01:16,120 Speaker 1: The reason why it's important to understand how that happened 26 00:01:16,480 --> 00:01:20,119 Speaker 1: is because we have a very similar situation happening right 27 00:01:20,160 --> 00:01:22,920 Speaker 1: now today. And if you don't understand what happened the 28 00:01:23,000 --> 00:01:25,680 Speaker 1: last time, the signs that you're seeing today don't make 29 00:01:25,720 --> 00:01:28,679 Speaker 1: any sense. And we're in a situation today where we're 30 00:01:28,680 --> 00:01:31,600 Speaker 1: seeing the exact same things, and we're in a big 31 00:01:31,640 --> 00:01:35,000 Speaker 1: transition period right now in history. I don't think most 32 00:01:35,000 --> 00:01:39,720 Speaker 1: people really understand how transitional this time period is that 33 00:01:39,760 --> 00:01:42,760 Speaker 1: we're in right now. I believe that in the future, 34 00:01:43,160 --> 00:01:46,199 Speaker 1: a hundred years from now, people will study this time 35 00:01:46,240 --> 00:01:49,000 Speaker 1: period to think about how interesting it was. I mean, 36 00:01:49,040 --> 00:01:50,480 Speaker 1: they're going to look at this and just think, what 37 00:01:50,600 --> 00:01:53,400 Speaker 1: the heck was happening? Um, But we're living through this. 38 00:01:53,520 --> 00:01:55,800 Speaker 1: We're living I mean right now we're in fifty years 39 00:01:55,800 --> 00:01:59,320 Speaker 1: into a monetary experiment. Fifty years. I mean, we have 40 00:01:59,440 --> 00:02:03,720 Speaker 1: five thousand years of history where basically gold was money. 41 00:02:03,720 --> 00:02:06,880 Speaker 1: We're fifty years into this monetary experiment. And the crazy 42 00:02:06,920 --> 00:02:08,600 Speaker 1: thing is that we're only fifty years into it. But 43 00:02:09,160 --> 00:02:12,680 Speaker 1: because the history hasn't really been taught to everybody, people 44 00:02:12,720 --> 00:02:14,520 Speaker 1: don't understand this. They think this is just the way 45 00:02:14,520 --> 00:02:16,120 Speaker 1: it is, but it's not. And so I think in 46 00:02:16,120 --> 00:02:18,520 Speaker 1: a hundred years we'll look back at this period and 47 00:02:18,560 --> 00:02:20,600 Speaker 1: think how crazy this is. Now. I don't want to 48 00:02:20,680 --> 00:02:22,239 Speaker 1: drag this on too long, so I'm gonna try and 49 00:02:22,280 --> 00:02:24,240 Speaker 1: get through this pretty quickly. I'll give you the cliff 50 00:02:24,320 --> 00:02:28,080 Speaker 1: notes version of this. And so basically, um, the United 51 00:02:28,120 --> 00:02:31,120 Speaker 1: States is the world's superpower. The United States dollar is 52 00:02:31,200 --> 00:02:34,280 Speaker 1: the reserve currency of the world. What that means is 53 00:02:34,320 --> 00:02:38,800 Speaker 1: that the US dollar basically runs the world. We have 54 00:02:39,000 --> 00:02:41,760 Speaker 1: all the assets of the world, gold, oil, et cetera. 55 00:02:41,880 --> 00:02:45,640 Speaker 1: Are priced in US dollars, and when countries want to 56 00:02:45,720 --> 00:02:48,120 Speaker 1: trade between them, they have to trade into dollars, so 57 00:02:48,160 --> 00:02:50,399 Speaker 1: they trade from their local currency to dollars and from 58 00:02:50,400 --> 00:02:52,760 Speaker 1: dollars back to the next local currency. So everything goes 59 00:02:52,840 --> 00:02:55,600 Speaker 1: through the dollar through the Swift system. If you've ever 60 00:02:55,600 --> 00:02:58,359 Speaker 1: sent a wire, you know what the swift code is. 61 00:02:58,400 --> 00:03:00,760 Speaker 1: You understand what the Swift system is. Um, it's the 62 00:03:00,800 --> 00:03:04,400 Speaker 1: banking system. So all the money goes through the Swift system. 63 00:03:04,480 --> 00:03:08,120 Speaker 1: Through the Federal Reserve, and the dollar managed to maintain 64 00:03:08,320 --> 00:03:12,920 Speaker 1: its power because of this. Because this dollar maintains this status, 65 00:03:13,000 --> 00:03:15,200 Speaker 1: it allows the United States to get away with things 66 00:03:15,240 --> 00:03:18,680 Speaker 1: that other countries cannot get away with, like inflating their currencies. 67 00:03:19,120 --> 00:03:21,280 Speaker 1: But before we get into that, let's go back in 68 00:03:21,440 --> 00:03:23,600 Speaker 1: history just a little bit. I'm gonna catch you guys 69 00:03:23,639 --> 00:03:26,560 Speaker 1: up on this, all right, it's super interesting. Hopefully hopefully 70 00:03:26,560 --> 00:03:28,320 Speaker 1: you guys enjoy this as much as I like it. 71 00:03:28,840 --> 00:03:31,440 Speaker 1: Maybe I'm just a history nerd. But if we go back, 72 00:03:31,480 --> 00:03:33,320 Speaker 1: so the U s is the is the superpower of 73 00:03:33,360 --> 00:03:35,800 Speaker 1: the reserve status of the world. But it hasn't always 74 00:03:35,840 --> 00:03:37,760 Speaker 1: been that way. So before the United States, it was 75 00:03:37,800 --> 00:03:41,320 Speaker 1: Great Britain. Before Britain, it was France. Before France, I 76 00:03:41,360 --> 00:03:44,680 Speaker 1: believe it was um Spain, and it was Portugal. So 77 00:03:44,720 --> 00:03:46,560 Speaker 1: going back to the four hundreds, we've seen it just 78 00:03:46,600 --> 00:03:50,040 Speaker 1: switch over and over and over Portugal, Spain, um France. 79 00:03:50,120 --> 00:03:52,400 Speaker 1: And then after the Napoleonic Wars and went to Britain. 80 00:03:52,800 --> 00:03:57,000 Speaker 1: Britain became the world superpower. The sterling was the reserve 81 00:03:57,080 --> 00:04:00,400 Speaker 1: currency of the world. And what happened is right around 82 00:04:00,400 --> 00:04:04,160 Speaker 1: World War One, Britain was running out of money. Britain 83 00:04:04,200 --> 00:04:07,280 Speaker 1: needed money to fight these wars. And what they did 84 00:04:07,400 --> 00:04:09,480 Speaker 1: is they began to take on debt. They began to 85 00:04:09,520 --> 00:04:11,520 Speaker 1: borrow money. They went from a credit or nation to 86 00:04:11,560 --> 00:04:14,120 Speaker 1: be started to become a debt or nation. And the 87 00:04:14,200 --> 00:04:17,720 Speaker 1: United States was happy to become the creditor nation at 88 00:04:17,760 --> 00:04:21,279 Speaker 1: that time. And so the United States and the banks JP, Morgan, etcetera. 89 00:04:21,279 --> 00:04:25,839 Speaker 1: Started loaning the British money um to fight the wars, 90 00:04:25,880 --> 00:04:29,360 Speaker 1: to supply weapons, etcetera. And as more and more debt 91 00:04:29,440 --> 00:04:32,160 Speaker 1: was accumulated, of course, as you would imagine, the worst 92 00:04:32,200 --> 00:04:34,080 Speaker 1: shape that the country became in. And at the end 93 00:04:34,080 --> 00:04:36,760 Speaker 1: of World War One, at that point, now the sterling 94 00:04:36,880 --> 00:04:39,120 Speaker 1: was so weak, Britain was under so much debt that 95 00:04:39,200 --> 00:04:44,360 Speaker 1: the dollar. Now the US became a creditor nation. We know, 96 00:04:44,720 --> 00:04:47,080 Speaker 1: and we know that the borrow a servant to the lender, 97 00:04:47,160 --> 00:04:50,440 Speaker 1: so to serve the servant the borrower. Britain was now 98 00:04:50,440 --> 00:04:52,200 Speaker 1: in a bad situation. And now the United States was 99 00:04:52,240 --> 00:04:56,800 Speaker 1: in a creditor situation. They had power, The dollar had power. 100 00:04:56,839 --> 00:05:01,480 Speaker 1: The dollar now was challenging the sterling for reserve status 101 00:05:01,560 --> 00:05:03,480 Speaker 1: in the world, all right, but it didn't just take 102 00:05:03,520 --> 00:05:06,320 Speaker 1: it over. It became, it became to the point where 103 00:05:06,320 --> 00:05:08,840 Speaker 1: it could challenge it. And now we saw kind of 104 00:05:08,880 --> 00:05:11,880 Speaker 1: the sterling and the US dollar kind of sharing this 105 00:05:11,960 --> 00:05:15,320 Speaker 1: reserve status, all right, and over a period of years 106 00:05:15,320 --> 00:05:18,200 Speaker 1: and years and years, we saw it go back and forth, 107 00:05:18,240 --> 00:05:20,120 Speaker 1: back and forth. The reason why this is important to 108 00:05:20,160 --> 00:05:22,599 Speaker 1: understand is because a lot of people think that the 109 00:05:22,680 --> 00:05:25,480 Speaker 1: US dollars and is a lot of people may think 110 00:05:25,480 --> 00:05:27,720 Speaker 1: it's going to be here forever. We know from history 111 00:05:27,760 --> 00:05:29,760 Speaker 1: that nothing lasts forever, and it's eventually going to change. 112 00:05:29,800 --> 00:05:31,160 Speaker 1: And then a lot of people that do think it's 113 00:05:31,160 --> 00:05:33,479 Speaker 1: going to change are waiting for that one big thing 114 00:05:33,560 --> 00:05:36,440 Speaker 1: to happen, the one big thing. But it's important to 115 00:05:36,480 --> 00:05:39,719 Speaker 1: understand that it's not one big thing. Most things in 116 00:05:39,760 --> 00:05:41,800 Speaker 1: life aren't one big thing. It's about the small things 117 00:05:41,839 --> 00:05:44,479 Speaker 1: that happened over a long period of time. And so 118 00:05:44,600 --> 00:05:47,000 Speaker 1: when we look back when the baton was transferred from 119 00:05:47,000 --> 00:05:49,520 Speaker 1: Britain to the United States, we can also see this 120 00:05:49,839 --> 00:05:52,560 Speaker 1: that it happened over a long period of time, all right. 121 00:05:52,640 --> 00:05:56,000 Speaker 1: So the sterling got weak, the dollar got strong, um 122 00:05:56,040 --> 00:05:59,560 Speaker 1: the dollar now is challenging Britain for reserve status of 123 00:05:59,600 --> 00:06:02,880 Speaker 1: the world, for the world's superpower. Position, and then king 124 00:06:02,920 --> 00:06:06,320 Speaker 1: World War two. Britain wasn't recovered yet, they couldn't handle 125 00:06:06,320 --> 00:06:09,520 Speaker 1: World War two. Well, now both the United States and Britain, 126 00:06:09,839 --> 00:06:12,800 Speaker 1: we're going into debt. Both of them were over extending 127 00:06:12,800 --> 00:06:16,039 Speaker 1: themselves to go into World War two. But luckily for 128 00:06:16,080 --> 00:06:18,840 Speaker 1: the United States at the time, gold started flowing to 129 00:06:18,920 --> 00:06:22,839 Speaker 1: the country. As the United States was exporting supplies, gold 130 00:06:22,880 --> 00:06:25,240 Speaker 1: started flowing back in. So the United States was able 131 00:06:25,279 --> 00:06:27,680 Speaker 1: to come out of this because it had enough exports 132 00:06:27,720 --> 00:06:30,200 Speaker 1: to bring money back in. And at the end of 133 00:06:30,240 --> 00:06:32,919 Speaker 1: World War two, Britain and the Sterling were just in 134 00:06:32,960 --> 00:06:35,200 Speaker 1: too bad of shape. The United States came out ahead, 135 00:06:35,520 --> 00:06:38,880 Speaker 1: had stockpiled a bunch of golden assets, and in NT 136 00:06:39,040 --> 00:06:42,719 Speaker 1: four at the Breton Woods Agreement, it was basically a 137 00:06:42,800 --> 00:06:46,520 Speaker 1: done deal. The world got together. The world, the biggest 138 00:06:46,520 --> 00:06:48,640 Speaker 1: of the countries of the world got together, um in 139 00:06:48,680 --> 00:06:50,920 Speaker 1: the United States. They signed this Breton Woods Agreement, which 140 00:06:50,960 --> 00:06:54,800 Speaker 1: basically said that the United States would become, you know, 141 00:06:54,839 --> 00:06:57,360 Speaker 1: the reserve currency of the world, and they would hold 142 00:06:57,400 --> 00:07:01,520 Speaker 1: the gold, and they would keep US dollars pegged to gold, 143 00:07:01,880 --> 00:07:05,560 Speaker 1: and they would always redeem thirty five dollars for every 144 00:07:05,640 --> 00:07:07,800 Speaker 1: one ounce of gold that was the agreement. That's what 145 00:07:07,920 --> 00:07:10,400 Speaker 1: everybody agreed to. And then all the countries of the 146 00:07:10,440 --> 00:07:12,320 Speaker 1: world started sending their gold over to the United States. 147 00:07:12,360 --> 00:07:16,880 Speaker 1: The United States held everybody's gold. They printed dollars, and 148 00:07:16,920 --> 00:07:19,960 Speaker 1: they kept it at thirty five dollars for one ounce 149 00:07:20,000 --> 00:07:22,360 Speaker 1: of gold. That was the deal. But what happened that 150 00:07:22,360 --> 00:07:26,240 Speaker 1: was over a period of time, five years, ten years, 151 00:07:26,240 --> 00:07:28,880 Speaker 1: twenty years goes by. Well, the United States once more dollars, 152 00:07:29,680 --> 00:07:31,880 Speaker 1: but now they can't because they're supposed to be pegged 153 00:07:31,880 --> 00:07:34,200 Speaker 1: to thirty five dollars for each ounce of gold. But 154 00:07:34,240 --> 00:07:36,560 Speaker 1: they did anyway, and they printed more dollars, and they 155 00:07:36,560 --> 00:07:39,240 Speaker 1: printed more dollars, and they printed more dollars. And the 156 00:07:39,280 --> 00:07:42,480 Speaker 1: agreement was is that they would the United States government 157 00:07:42,480 --> 00:07:46,400 Speaker 1: would always redeem dollars for gold. So anytime somebody came, 158 00:07:46,920 --> 00:07:49,240 Speaker 1: they would accept their dollars and give them their gold back. 159 00:07:49,800 --> 00:07:52,880 Speaker 1: And as the country's as the other countries became aware 160 00:07:52,920 --> 00:07:54,560 Speaker 1: of what was going on, that the United States was 161 00:07:54,880 --> 00:07:59,160 Speaker 1: inflating their currency. Right, when they inflate their currency, that 162 00:07:59,160 --> 00:08:01,120 Speaker 1: means they print more, they increase it, they increase the 163 00:08:01,160 --> 00:08:05,120 Speaker 1: amount of currency out there. It devalues, it devalue it 164 00:08:05,200 --> 00:08:10,600 Speaker 1: takes the value away. Think about that. Inflation takes your 165 00:08:10,720 --> 00:08:13,840 Speaker 1: value away from it. It It makes your money worth less. 166 00:08:14,040 --> 00:08:16,400 Speaker 1: So as the United States started increasing the money supply, 167 00:08:16,440 --> 00:08:19,680 Speaker 1: inflating the money supply, it was devaluing the currency. And 168 00:08:19,720 --> 00:08:21,720 Speaker 1: so these other countries knew what was going on, and 169 00:08:21,720 --> 00:08:24,119 Speaker 1: they're like, why do we want to hold this these 170 00:08:24,360 --> 00:08:26,960 Speaker 1: paper dollars that are worthless. We're gonna go get our 171 00:08:27,080 --> 00:08:28,840 Speaker 1: our gold back. So they would bring in the United States. 172 00:08:28,880 --> 00:08:30,960 Speaker 1: They had cash it in, they'd take the gold, and 173 00:08:31,120 --> 00:08:35,079 Speaker 1: the United States was fighting really hard to protect this peg. 174 00:08:35,640 --> 00:08:37,520 Speaker 1: And these countries knew what was going on, so they 175 00:08:37,559 --> 00:08:39,280 Speaker 1: kept coming to redeem their gold, redeem the gold, and 176 00:08:39,320 --> 00:08:42,840 Speaker 1: the United States lost a lot of money trying to 177 00:08:42,920 --> 00:08:45,679 Speaker 1: protect that gold peg, or they gave up a bunch 178 00:08:45,720 --> 00:08:49,080 Speaker 1: of gold. Now we don't know how much. The FED 179 00:08:49,120 --> 00:08:51,440 Speaker 1: hasn't been audited. I was sure would like to know. 180 00:08:51,520 --> 00:08:53,080 Speaker 1: I know Ron Paul, who has led the charge on 181 00:08:53,080 --> 00:08:54,560 Speaker 1: that for a long time. Sure we'd like to know. 182 00:08:54,640 --> 00:08:58,920 Speaker 1: But in my guess, I bet that the FED Fort 183 00:08:59,000 --> 00:09:01,440 Speaker 1: Knox does not have the amount of gold that they 184 00:09:01,480 --> 00:09:03,680 Speaker 1: say they do. I believe they've given up a lot 185 00:09:03,720 --> 00:09:06,439 Speaker 1: of it trying to protect that gold peg. And finally 186 00:09:06,480 --> 00:09:08,720 Speaker 1: what happened is they had protected that peg. They gave 187 00:09:08,800 --> 00:09:10,920 Speaker 1: up so much gold to where they couldn't give up anymore. 188 00:09:12,160 --> 00:09:16,320 Speaker 1: And finally President Richard Nixon nine seventy and enough, enough 189 00:09:16,400 --> 00:09:19,839 Speaker 1: is enough. We are not protecting the peg anymore. It's done. 190 00:09:20,520 --> 00:09:23,640 Speaker 1: And that's the day that the United States defaulted on 191 00:09:23,760 --> 00:09:27,400 Speaker 1: their debt. That's when they bankrupt. Right, they gave out 192 00:09:27,440 --> 00:09:30,400 Speaker 1: dollars to people who took those dollars in exchange that 193 00:09:30,480 --> 00:09:33,199 Speaker 1: they could always go back and get the gold. Now 194 00:09:33,320 --> 00:09:35,720 Speaker 1: these countries are left with worthless paper that are not 195 00:09:35,760 --> 00:09:39,600 Speaker 1: exchanged for anything. The United States defaulted under debt, became 196 00:09:39,600 --> 00:09:42,600 Speaker 1: bankrupt in nineteen seventy one, and we're living in this 197 00:09:42,679 --> 00:09:45,960 Speaker 1: post bankruptcy world now today. All right, so now the 198 00:09:46,040 --> 00:09:48,720 Speaker 1: US dollar is bankrupt. Now, no one's going to exchange 199 00:09:48,760 --> 00:09:51,000 Speaker 1: it for gold. Well, why would anybody want to hold it? Now? 200 00:09:51,120 --> 00:09:54,840 Speaker 1: What's going to happen? Right? Why would they do that? Well? 201 00:09:55,600 --> 00:09:57,559 Speaker 1: The United States had to make the next the next step, 202 00:09:57,640 --> 00:10:02,280 Speaker 1: so that by nine seven, before the energy we had 203 00:10:02,280 --> 00:10:04,520 Speaker 1: this energy crisis is oil crisis that was going on, 204 00:10:05,000 --> 00:10:08,520 Speaker 1: and Henry Kissinger from the United States went to Saudi Arabia, 205 00:10:08,559 --> 00:10:10,520 Speaker 1: which was the number one oil producing nation in the world, 206 00:10:10,800 --> 00:10:15,400 Speaker 1: and said, look, let's make a deal. You price all 207 00:10:15,480 --> 00:10:18,400 Speaker 1: oil in dollars. Make sure that all oil is pricing dollars, 208 00:10:18,440 --> 00:10:21,720 Speaker 1: all oil is trading dollars, all with a solding dollar dollars, 209 00:10:21,760 --> 00:10:24,880 Speaker 1: and we will have your back, The United States will 210 00:10:24,920 --> 00:10:28,440 Speaker 1: have your back no matter what. That was the deal, 211 00:10:28,760 --> 00:10:30,360 Speaker 1: And that was a pretty secret deal. As a matter 212 00:10:30,360 --> 00:10:32,520 Speaker 1: of fact, most of this details didn't actually come out. 213 00:10:32,559 --> 00:10:34,880 Speaker 1: And tell two thousand and sixteen, if you can believe this, 214 00:10:35,480 --> 00:10:38,080 Speaker 1: and that was the birth of the petro dollar. So 215 00:10:38,200 --> 00:10:41,760 Speaker 1: gold went from being packed backed by gold, dollar dollars 216 00:10:41,800 --> 00:10:44,839 Speaker 1: backed by gold, and now the dollar is backed by oil. 217 00:10:44,920 --> 00:10:48,120 Speaker 1: This is the birth of the petro dollar. Now, as 218 00:10:48,240 --> 00:10:51,600 Speaker 1: long as Saudi Arabia is the leading oil producing nation 219 00:10:51,640 --> 00:10:54,640 Speaker 1: in the world, and as long as all oil is 220 00:10:54,679 --> 00:10:57,760 Speaker 1: priced and sold in dollars, then the United States can 221 00:10:57,840 --> 00:11:01,640 Speaker 1: continue to have its rain, all right. It continued to 222 00:11:01,679 --> 00:11:04,320 Speaker 1: have you know, the banking system, the swift banking system, 223 00:11:04,320 --> 00:11:07,680 Speaker 1: all the banking settlements, etcetera. And then of course the 224 00:11:07,720 --> 00:11:09,920 Speaker 1: United States can rule the world and we can slap 225 00:11:09,960 --> 00:11:13,440 Speaker 1: sanctions on any country that doesn't bend to our will right, 226 00:11:13,480 --> 00:11:16,120 Speaker 1: you hear about that now with Donald Trump and Iraq 227 00:11:16,280 --> 00:11:20,439 Speaker 1: and Iran and sanctions against Russia, sanctions against Iran, oh, now, 228 00:11:20,480 --> 00:11:24,160 Speaker 1: sanctions against China and sanctions, sanction sanctions. So basically we're 229 00:11:24,160 --> 00:11:29,960 Speaker 1: penalizing them using our financial system, basically turning the dollar 230 00:11:30,240 --> 00:11:33,280 Speaker 1: into a weapon, weaponizing the dollar. And of course you 231 00:11:33,320 --> 00:11:35,960 Speaker 1: can imagine the countries don't like this. They don't like 232 00:11:36,000 --> 00:11:39,559 Speaker 1: getting slapped on the hand all the time, sanctioned sanctions, sanctions, right, 233 00:11:40,320 --> 00:11:43,920 Speaker 1: and eventually they're just tired of it. And you know, 234 00:11:44,080 --> 00:11:46,480 Speaker 1: if you kick enough people out of the financial system, 235 00:11:46,480 --> 00:11:48,200 Speaker 1: if you keep if you kick enough people out of 236 00:11:48,200 --> 00:11:52,280 Speaker 1: any system, eventually you find yourself on the outside. And 237 00:11:52,280 --> 00:11:55,120 Speaker 1: the United States has continued to push people out of 238 00:11:55,120 --> 00:11:57,120 Speaker 1: the financial system. And this has happened over a long 239 00:11:57,160 --> 00:11:59,120 Speaker 1: period of time. Now not only have they done that, 240 00:11:59,200 --> 00:12:02,839 Speaker 1: they've the United States to become a debt nation. Right 241 00:12:02,880 --> 00:12:06,000 Speaker 1: we went from having gold stock piles and become and 242 00:12:06,160 --> 00:12:10,000 Speaker 1: the world's superpower, a credit or nation, to now being 243 00:12:10,040 --> 00:12:11,640 Speaker 1: a debtor nation. As a matter of fact, right now, 244 00:12:11,679 --> 00:12:15,800 Speaker 1: we're over twenty two trillion trillion dollars of debt. Over 245 00:12:15,800 --> 00:12:18,520 Speaker 1: the last ten years, more debt has been accumulated to 246 00:12:18,640 --> 00:12:23,319 Speaker 1: the national debt than all of history combined. That's how 247 00:12:23,320 --> 00:12:25,120 Speaker 1: bad we are. That's how bad the debt, the debt 248 00:12:25,160 --> 00:12:29,360 Speaker 1: has gotten. We have over two hundred trillion dollars of 249 00:12:29,480 --> 00:12:32,160 Speaker 1: unfunded liabilities. That means liabilities, that's money that we owe 250 00:12:32,440 --> 00:12:34,240 Speaker 1: right now, but they're not funded. We don't have the 251 00:12:34,240 --> 00:12:38,520 Speaker 1: money for that two tillion dollars. I believe in the 252 00:12:38,559 --> 00:12:41,960 Speaker 1: next couple of years, the interest on the debt will 253 00:12:42,000 --> 00:12:43,840 Speaker 1: be more than we can afford to pay. Just the 254 00:12:43,880 --> 00:12:45,920 Speaker 1: interests we can't pay. The interest and interest rates are 255 00:12:45,920 --> 00:12:50,000 Speaker 1: at all time lows. When we have financial crashes, they 256 00:12:50,080 --> 00:12:52,480 Speaker 1: lower the interest rates to try to goose the economy. Well, 257 00:12:52,520 --> 00:12:53,800 Speaker 1: where are they going to lower them too? Now? The 258 00:12:53,840 --> 00:12:56,800 Speaker 1: interest rates already so low they can't there's no room left. 259 00:12:56,960 --> 00:12:58,520 Speaker 1: And even at these low rates, we won't even able 260 00:12:58,559 --> 00:13:03,600 Speaker 1: to afford the interest and by which is only about 261 00:13:03,600 --> 00:13:07,800 Speaker 1: ten eleven years away. They say one hundred percent of 262 00:13:07,920 --> 00:13:10,559 Speaker 1: income from taxes, which is where we get then come from, 263 00:13:10,600 --> 00:13:12,840 Speaker 1: A hundred percent of income is going to go to 264 00:13:13,520 --> 00:13:16,960 Speaker 1: senior citizens, It's going to go into medicare and medicated 265 00:13:17,000 --> 00:13:19,400 Speaker 1: some security, things like that. A hundred percent will just 266 00:13:19,440 --> 00:13:22,400 Speaker 1: go to that, what about welfare, what about the military, 267 00:13:23,080 --> 00:13:25,480 Speaker 1: what about all these other things? There's not gonna be 268 00:13:25,480 --> 00:13:27,640 Speaker 1: any money left for that. So that's where the United 269 00:13:27,640 --> 00:13:29,800 Speaker 1: States has gone to in just such a short period 270 00:13:29,800 --> 00:13:32,080 Speaker 1: of time. And the reason why it's important to understand 271 00:13:32,080 --> 00:13:33,439 Speaker 1: this is because you need to see the signs that 272 00:13:33,480 --> 00:13:37,320 Speaker 1: are happening now. With the dollar being weaponized and slapping 273 00:13:37,400 --> 00:13:40,800 Speaker 1: sanctions and sanctions and sanctions. People have gotten tired of this, 274 00:13:41,320 --> 00:13:45,120 Speaker 1: and as we've kicked more people out of the financial system, 275 00:13:45,240 --> 00:13:48,439 Speaker 1: they've had to find a way to work in their 276 00:13:48,480 --> 00:13:51,480 Speaker 1: own financial system to create a financial system outside of 277 00:13:51,480 --> 00:13:56,160 Speaker 1: the United States. In addition to that, what's been backing 278 00:13:56,240 --> 00:14:00,360 Speaker 1: the United States dollar was oil in Saudi Arabia is 279 00:14:00,360 --> 00:14:03,560 Speaker 1: no longer the world's super power of oil. As a 280 00:14:03,559 --> 00:14:06,000 Speaker 1: matter of fact, the United States produces enough oil to 281 00:14:06,080 --> 00:14:08,679 Speaker 1: be energy independent if we want to do. But of course, 282 00:14:08,880 --> 00:14:11,240 Speaker 1: if we don't buy oil from Saudi Arabia, who will. 283 00:14:12,200 --> 00:14:16,240 Speaker 1: Russia produces oil, Venezuela produces oil, Iraq produces oil, Iran 284 00:14:16,320 --> 00:14:19,960 Speaker 1: produces oil, and on and on and on. And if 285 00:14:19,960 --> 00:14:21,960 Speaker 1: you want to know really what gets to the root 286 00:14:22,000 --> 00:14:24,080 Speaker 1: of all the wars going on in the Middle East, 287 00:14:24,520 --> 00:14:26,680 Speaker 1: just look at the oil. It's all about protecting the dollar. 288 00:14:27,120 --> 00:14:31,920 Speaker 1: Everything is about protecting the dollar. And Iran is producing oil, 289 00:14:32,480 --> 00:14:34,800 Speaker 1: and we don't like Iran. Why don't we like Iran? 290 00:14:34,920 --> 00:14:36,920 Speaker 1: Could have something to do with them producing oil and 291 00:14:36,920 --> 00:14:39,720 Speaker 1: selling it to Russia and China. So in two thousand 292 00:14:39,760 --> 00:14:44,880 Speaker 1: and fifteen, China, Russia, and Iran started trading oil outside 293 00:14:44,880 --> 00:14:46,840 Speaker 1: of the US dollar. They started doing it, and then 294 00:14:46,920 --> 00:14:50,640 Speaker 1: Chinese you on. So now they're doing business outside the 295 00:14:50,720 --> 00:14:53,960 Speaker 1: US dollar. Okay, well that's bad. Um, China is a 296 00:14:54,000 --> 00:14:57,000 Speaker 1: really big economy, Russia is a pretty big economy. They're 297 00:14:57,040 --> 00:14:59,480 Speaker 1: trading outside the US dollar. The US dollar is losing 298 00:14:59,520 --> 00:15:01,560 Speaker 1: its rel vent. It went from a hundred percent of 299 00:15:01,560 --> 00:15:04,840 Speaker 1: settlements to six fifty percent. Right, it's going down and 300 00:15:04,880 --> 00:15:08,480 Speaker 1: down and down. So now China, Russia, Iran, they're all 301 00:15:08,520 --> 00:15:11,240 Speaker 1: trading outside the US dollar. They're trading oil outside US dollar. 302 00:15:11,360 --> 00:15:15,040 Speaker 1: Now China is doing their own goal oil backed futures 303 00:15:15,040 --> 00:15:17,960 Speaker 1: and derivatives and things like that. All right, and that's bad. 304 00:15:18,000 --> 00:15:19,320 Speaker 1: And this has been going on just for a couple 305 00:15:19,320 --> 00:15:22,800 Speaker 1: of years now, and it's really been undermining the US dollar. 306 00:15:23,680 --> 00:15:25,680 Speaker 1: And again, if you want to look at at the wars, 307 00:15:25,800 --> 00:15:28,240 Speaker 1: all the wars are around this oil, right, it's around 308 00:15:28,240 --> 00:15:31,800 Speaker 1: protecting the dollar, it's around protecting Saudi Arabia. And then 309 00:15:33,240 --> 00:15:35,440 Speaker 1: this is the big piece that dropped. All right, this 310 00:15:35,520 --> 00:15:39,440 Speaker 1: is the big news. Um. The Swift system is the 311 00:15:39,440 --> 00:15:41,240 Speaker 1: way that money gets moved around the world. Right when 312 00:15:41,280 --> 00:15:42,480 Speaker 1: you go to wire a money, when you go to 313 00:15:42,520 --> 00:15:43,760 Speaker 1: wire money at the bank, you have to have a 314 00:15:43,760 --> 00:15:46,640 Speaker 1: Swift coade. It's your swift. The Swift system. Well, there's 315 00:15:46,680 --> 00:15:49,280 Speaker 1: been a new system formed to rival Swift, and it's 316 00:15:49,320 --> 00:15:52,800 Speaker 1: called Instincts and it was put together in January of 317 00:15:52,800 --> 00:15:56,240 Speaker 1: two nineteen. And this is for the EU, for the 318 00:15:56,280 --> 00:16:00,400 Speaker 1: EU to be sending money on their own system, and 319 00:16:00,560 --> 00:16:04,920 Speaker 1: it just went live about two weeks ago. So now, 320 00:16:04,960 --> 00:16:09,000 Speaker 1: as of two weeks ago, the EU, Germany, France, Britain 321 00:16:10,120 --> 00:16:15,080 Speaker 1: and Russia, China and Iran are all trading in their 322 00:16:15,120 --> 00:16:18,640 Speaker 1: own financial system. Now think about this for a minute. Now, 323 00:16:18,880 --> 00:16:22,280 Speaker 1: we know I already said, right China, Russia and and uh, China, 324 00:16:22,360 --> 00:16:25,880 Speaker 1: Russia and Iran were already doing this for now four years. 325 00:16:26,600 --> 00:16:30,080 Speaker 1: But those were our enemies. Okay, that's our enemies. Now 326 00:16:30,160 --> 00:16:33,680 Speaker 1: I'm talking about our allies, our friends, our closest friends 327 00:16:33,720 --> 00:16:37,560 Speaker 1: are closest allies, Our closest allies now are trading with 328 00:16:37,600 --> 00:16:39,880 Speaker 1: our enemies, all in their own system in the United 329 00:16:39,880 --> 00:16:43,600 Speaker 1: States on the outside. All right, the pieces have been 330 00:16:43,680 --> 00:16:48,440 Speaker 1: dropping for thirty forty years, but they're continuing to escalate. 331 00:16:48,400 --> 00:16:50,400 Speaker 1: Its continue to get more and more and more. And 332 00:16:50,400 --> 00:16:52,400 Speaker 1: in the last four to five years, the US dollar 333 00:16:52,480 --> 00:16:55,720 Speaker 1: has lost so much of its power, and it continues 334 00:16:55,760 --> 00:16:57,760 Speaker 1: to lose its power. And now just as the last 335 00:16:57,760 --> 00:17:01,240 Speaker 1: two weeks, this was a massive piece that dropped. Now, 336 00:17:01,880 --> 00:17:04,840 Speaker 1: what are we seen in retaliation for that. Well, when 337 00:17:04,880 --> 00:17:08,840 Speaker 1: you look at Donald Trump and and threatening tariffs with China, 338 00:17:09,280 --> 00:17:12,720 Speaker 1: trade wars, this this is all about the money. This 339 00:17:12,840 --> 00:17:15,840 Speaker 1: is all about the money. These are currency wars. The 340 00:17:15,920 --> 00:17:19,480 Speaker 1: United States is trying to maintain the world reserve status. 341 00:17:19,520 --> 00:17:22,320 Speaker 1: It's trying to keep the dollar in power, and it's 342 00:17:22,359 --> 00:17:25,639 Speaker 1: under all types of attacks, a lot of it, well 343 00:17:25,800 --> 00:17:28,119 Speaker 1: most I guess all of itself inflicted, right, I mean, 344 00:17:28,119 --> 00:17:30,040 Speaker 1: if they would have kept the dollars strong, everybody would 345 00:17:30,040 --> 00:17:31,800 Speaker 1: have still loved it. When the dollar went bankrupt and 346 00:17:31,840 --> 00:17:35,760 Speaker 1: they rejected redeeming goal in nine, it all fell apart. 347 00:17:35,760 --> 00:17:38,480 Speaker 1: They've kept it under forced through oil, but now there's 348 00:17:38,480 --> 00:17:40,800 Speaker 1: so much oil, and there's other renewable energies that it's 349 00:17:40,840 --> 00:17:42,719 Speaker 1: not as big as the deals anymore. And then when 350 00:17:42,760 --> 00:17:44,800 Speaker 1: you've kicked all these people out of the financial system, 351 00:17:45,040 --> 00:17:47,920 Speaker 1: they've had to find another way. Right. You just add 352 00:17:47,920 --> 00:17:51,000 Speaker 1: all those up and now we have technology. So now 353 00:17:51,480 --> 00:17:54,680 Speaker 1: now money, the US dollar is under attack from bitcoin, 354 00:17:55,280 --> 00:17:58,360 Speaker 1: it's under attack from stable coins, it's under attack from 355 00:17:58,400 --> 00:18:02,440 Speaker 1: other cryptocurrencies. And they get this. They get this. They 356 00:18:02,440 --> 00:18:05,080 Speaker 1: haven't they haven't got it, but they get it now. 357 00:18:05,160 --> 00:18:09,000 Speaker 1: And we know this. So last week, on the same day, 358 00:18:09,200 --> 00:18:12,160 Speaker 1: the President of the United States, Donald Trump and the 359 00:18:12,200 --> 00:18:17,240 Speaker 1: FED Chair Jerome Powell, both tweeted about bitcoin, both of 360 00:18:17,280 --> 00:18:21,280 Speaker 1: them on the same day. Imagine ten years ago, bitcoin 361 00:18:21,359 --> 00:18:23,760 Speaker 1: wasn't even a thing. In ten years, it's gone from 362 00:18:23,760 --> 00:18:27,160 Speaker 1: a magic internet money to only being used by criminals 363 00:18:27,480 --> 00:18:31,520 Speaker 1: to being a scam. Jamie diamond says it's a scam. Um. 364 00:18:31,600 --> 00:18:34,160 Speaker 1: And now the President of United States and the FED 365 00:18:34,240 --> 00:18:37,760 Speaker 1: chair are both talking about at the same time. Now 366 00:18:38,280 --> 00:18:42,160 Speaker 1: they said different things. The FED Chair Jerome Powell said that, uh, 367 00:18:42,200 --> 00:18:44,520 Speaker 1: he was asked and he said, well, um, I don't 368 00:18:44,520 --> 00:18:47,199 Speaker 1: think it's really a threat. It's too small to be 369 00:18:47,200 --> 00:18:51,359 Speaker 1: considered a threat, right, Now, however, I people look at 370 00:18:51,400 --> 00:18:56,159 Speaker 1: it like a store of value, like gold. Wow, what 371 00:18:56,280 --> 00:18:59,720 Speaker 1: an endorsement for bitcoin. That's exactly what we say. It's 372 00:18:59,760 --> 00:19:03,000 Speaker 1: like a store of value. It's like a store of value. Now, 373 00:19:03,040 --> 00:19:06,080 Speaker 1: the FED Chair Jerome Pale is basically calling it that 374 00:19:06,119 --> 00:19:10,600 Speaker 1: we couldn't have had a better endorsement. Bullish, extremely bullish. 375 00:19:10,880 --> 00:19:12,840 Speaker 1: Then the President of the United States goes on to 376 00:19:12,880 --> 00:19:15,160 Speaker 1: say that he doesn't like it. He doesn't like bitcoin, 377 00:19:15,240 --> 00:19:17,760 Speaker 1: he doesn't like cryptocurrencies. Um. He goes on to say 378 00:19:17,760 --> 00:19:20,240 Speaker 1: that if Facebook, Libra wants to have their own coin, 379 00:19:20,320 --> 00:19:21,879 Speaker 1: then they need to have a bank and they need 380 00:19:21,880 --> 00:19:23,960 Speaker 1: to get their own banking charter. And then he goes 381 00:19:24,000 --> 00:19:27,000 Speaker 1: on to say that the United States dollar is the 382 00:19:27,040 --> 00:19:30,800 Speaker 1: only currency, and it's the best, and it's the strongest 383 00:19:30,920 --> 00:19:33,720 Speaker 1: it's ever been. That's what he said, the strongest it's 384 00:19:33,760 --> 00:19:39,720 Speaker 1: ever been, which is pretty ironic considering that the FED 385 00:19:39,880 --> 00:19:42,440 Speaker 1: chair just said a few weeks ago at the FMOC 386 00:19:42,600 --> 00:19:45,879 Speaker 1: meeting that the economy sucks. Basically, they can't get the 387 00:19:45,920 --> 00:19:47,840 Speaker 1: inflation they want. They said they can't get two two 388 00:19:47,840 --> 00:19:51,160 Speaker 1: percent inflation. But all the prices I pay have certainly 389 00:19:51,200 --> 00:19:53,000 Speaker 1: gone up by two percent more than two percent. Anyway, 390 00:19:53,000 --> 00:19:54,800 Speaker 1: they can't get the inflation of two percent, So what 391 00:19:54,840 --> 00:19:57,160 Speaker 1: are they gonna do. Well, let's print up the money again. 392 00:19:57,240 --> 00:19:59,680 Speaker 1: Let's fire up the printing presses. Let's uh start the 393 00:19:59,760 --> 00:20:01,720 Speaker 1: quant to be easy, and let's lower the interest rates, 394 00:20:01,720 --> 00:20:05,760 Speaker 1: and let's try to goose this economy again, because it's 395 00:20:05,760 --> 00:20:07,879 Speaker 1: not good. Now, what what happens when they print more money? 396 00:20:07,920 --> 00:20:11,280 Speaker 1: It de values it. And just think about that. Inflation 397 00:20:11,760 --> 00:20:14,359 Speaker 1: devalues when they inflate, when they make more money, it 398 00:20:14,400 --> 00:20:17,920 Speaker 1: takes the value away from your money. So Donald Trump 399 00:20:17,960 --> 00:20:20,480 Speaker 1: saying is stronger than it's ever been. In the meantime, 400 00:20:20,760 --> 00:20:24,639 Speaker 1: the Fed's printing up more money. In the meantime, Donald 401 00:20:24,640 --> 00:20:27,159 Speaker 1: Trump and all the other world leaders are in a 402 00:20:27,240 --> 00:20:31,000 Speaker 1: fight to see who can devalue their currency the fastest. 403 00:20:32,000 --> 00:20:33,640 Speaker 1: That's what they're trying to do. They're trying to devalue 404 00:20:33,640 --> 00:20:36,399 Speaker 1: their currency the fastest. But yet he's tweeting saying it's 405 00:20:36,400 --> 00:20:39,479 Speaker 1: stronger than it's ever been. It's not every time they 406 00:20:39,480 --> 00:20:41,359 Speaker 1: print more money, it's weaker and weaker and weaker. Are 407 00:20:41,440 --> 00:20:44,240 Speaker 1: unfunded funded liabilities are making US weaker and weaker and weaker. 408 00:20:45,440 --> 00:20:48,080 Speaker 1: The loss of the US dollar in the world market 409 00:20:48,119 --> 00:20:51,119 Speaker 1: share is making us weaker and weaker and weaker, and 410 00:20:51,119 --> 00:20:54,200 Speaker 1: they get this about what A month ago, um Reet 411 00:20:54,240 --> 00:20:56,720 Speaker 1: Brad Sherman from California was speaking to a committee and 412 00:20:56,760 --> 00:20:59,520 Speaker 1: he said, we need to make it illegal for U 413 00:20:59,520 --> 00:21:04,560 Speaker 1: S citizens to own cryptocurrencies. Wow, that was pretty heavy. 414 00:21:04,600 --> 00:21:07,080 Speaker 1: And he knows why. And he said, the reason why 415 00:21:07,520 --> 00:21:13,000 Speaker 1: is because these bitcoiners, these crypto people believe that it 416 00:21:13,160 --> 00:21:15,800 Speaker 1: undermines or takes the power away from the United States 417 00:21:15,880 --> 00:21:20,720 Speaker 1: government and it limits it. It's a national defense problem, 418 00:21:20,800 --> 00:21:23,240 Speaker 1: and it will limit our ability to slap sanctions on 419 00:21:23,320 --> 00:21:28,480 Speaker 1: countries like Iran. He said that, like Iran. So imagine 420 00:21:28,480 --> 00:21:31,840 Speaker 1: if you're Iran and you're listening to that, you're like, really, wow, 421 00:21:31,920 --> 00:21:33,479 Speaker 1: thanks for giving us that play by play. Now we're 422 00:21:33,480 --> 00:21:35,280 Speaker 1: gonna go buy as much as we can. Right. But 423 00:21:35,320 --> 00:21:39,280 Speaker 1: he gets that, he knows that when people they know 424 00:21:39,359 --> 00:21:42,840 Speaker 1: that the US dollar cannot compete, it can't compete against 425 00:21:42,880 --> 00:21:45,720 Speaker 1: a better form of money, and their only option is force. 426 00:21:46,880 --> 00:21:49,400 Speaker 1: That's it. That's the only option. But it's a word 427 00:21:49,400 --> 00:21:52,400 Speaker 1: that they can't win. Now, Oh, that was a little 428 00:21:52,440 --> 00:21:55,840 Speaker 1: bit history lesson for you guys, going back all the 429 00:21:55,880 --> 00:21:59,960 Speaker 1: way into our current events, look at what this trade 430 00:22:00,160 --> 00:22:03,360 Speaker 1: wars about. Look at what Trump and the other world 431 00:22:03,480 --> 00:22:06,200 Speaker 1: leaders are doing. Look at the look at the language. 432 00:22:06,240 --> 00:22:09,560 Speaker 1: They are racing to devalue their currencies, take their value 433 00:22:09,640 --> 00:22:12,240 Speaker 1: away from you, to steal your value from your money. 434 00:22:12,520 --> 00:22:16,560 Speaker 1: They're the Fed is lowering rates, They're inflating the currencies. 435 00:22:16,600 --> 00:22:19,840 Speaker 1: They are doing quantitative easy and which is basically buying 436 00:22:19,880 --> 00:22:23,239 Speaker 1: the bonds because nobody else will buy the debt. And 437 00:22:23,240 --> 00:22:26,440 Speaker 1: there and and now that you see this happening, compare 438 00:22:26,480 --> 00:22:28,760 Speaker 1: that to the story that I gave you of how 439 00:22:28,840 --> 00:22:32,080 Speaker 1: the United States took over power from Britain, went into 440 00:22:32,080 --> 00:22:36,000 Speaker 1: debt fighting wars. It gave up power to the credited nations. 441 00:22:36,040 --> 00:22:38,840 Speaker 1: Now we're fighting and never ending wars. We've taken on 442 00:22:38,880 --> 00:22:40,520 Speaker 1: more debt than we can and we can take on, 443 00:22:41,119 --> 00:22:43,119 Speaker 1: and we're giving up power to the credited nations. The 444 00:22:43,200 --> 00:22:45,719 Speaker 1: same things are happening. It doesn't happen with a bang, 445 00:22:46,200 --> 00:22:51,000 Speaker 1: It goes out with a whimper. All right, that's what's happening. 446 00:22:51,040 --> 00:22:53,159 Speaker 1: That's what's going on right now. I don't think we 447 00:22:53,200 --> 00:22:57,200 Speaker 1: could have a more bullish scenario for bitcoin and cryptocurrencies. 448 00:22:57,560 --> 00:23:00,400 Speaker 1: There's never been a bigger use case or knee case 449 00:23:00,440 --> 00:23:03,040 Speaker 1: for it. A lot of people say there's no use case. Well, 450 00:23:03,440 --> 00:23:05,280 Speaker 1: I think they need to open their eyes. There's never 451 00:23:05,320 --> 00:23:07,480 Speaker 1: been a stronger use case. There's never been a stronger need. 452 00:23:07,760 --> 00:23:10,480 Speaker 1: There's never been a more bullish case. There's more positive 453 00:23:10,480 --> 00:23:12,760 Speaker 1: things going in the world to make this a reality 454 00:23:12,760 --> 00:23:16,280 Speaker 1: than ever before. And it's happening. It's happening right now. 455 00:23:16,280 --> 00:23:19,040 Speaker 1: It cannot be stopped, it cannot be blocked, it cannot 456 00:23:19,040 --> 00:23:23,880 Speaker 1: be prevented. Bitcoin is censorship resistant, it's immutable, and it's permissionless. 457 00:23:24,640 --> 00:23:28,560 Speaker 1: Facebook is having to get permission right now. Bitcoin doesn't 458 00:23:28,600 --> 00:23:32,399 Speaker 1: need permission. It doesn't get permission. So I'm a bullish 459 00:23:32,480 --> 00:23:35,040 Speaker 1: hopefully you guys are bullish. Um, I'd say it. I'm 460 00:23:35,040 --> 00:23:37,280 Speaker 1: gonna wrap this up. This is an episode I did 461 00:23:37,320 --> 00:23:39,240 Speaker 1: by myself. Let me know what you guys think. If 462 00:23:39,240 --> 00:23:41,520 Speaker 1: you guys want me to do more episodes by myself, 463 00:23:41,640 --> 00:23:44,119 Speaker 1: I will bring some more of this good content. Or 464 00:23:44,160 --> 00:23:45,800 Speaker 1: if you like the interviews, let me know. Either way, 465 00:23:45,800 --> 00:23:47,439 Speaker 1: I would love it. If you just take a second, 466 00:23:47,480 --> 00:23:50,199 Speaker 1: please go rate and review this and let me know 467 00:23:50,240 --> 00:23:52,320 Speaker 1: what you think. Drop me a note, tweet to me please. 468 00:23:52,560 --> 00:23:55,000 Speaker 1: Number one Mark Moss on Twitter. Number one Mark Moss 469 00:23:55,640 --> 00:24:00,199 Speaker 1: and that's it to your success. I'm out. Hey, you 470 00:24:00,240 --> 00:24:03,920 Speaker 1: like this episode of the Market Disruptors Podcast. Please help 471 00:24:03,960 --> 00:24:06,440 Speaker 1: us take this to the top of the podcast charts. 472 00:24:06,480 --> 00:24:09,720 Speaker 1: Just please do me a favor and rate, review and subscribe. 473 00:24:09,920 --> 00:24:12,680 Speaker 1: Taking fifteen seconds to just leave a quick review goes 474 00:24:12,720 --> 00:24:15,080 Speaker 1: a long way and helping us reach more people and 475 00:24:15,160 --> 00:24:18,280 Speaker 1: disrupt more markets. I really appreciate you listening and I'll 476 00:24:18,280 --> 00:24:20,640 Speaker 1: see you next time on the Market Disruptors Podcast.