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 --> 00:00:14,840 Speaker 1: the right people that give us the tools and information 4 00:00:14,960 --> 00:00:19,000 Speaker 1: we need to make conformed 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 00:00:25,480 --> 00:00:27,840 Speaker 1: this started. Welcome, we're Thinking of Dollar today. I'm excited 8 00:00:27,880 --> 00:00:30,240 Speaker 1: to hire first time guest, Mr Mark Moss. He's a 9 00:00:30,320 --> 00:00:32,760 Speaker 1: financial analyst as well as an investor, as well as 10 00:00:32,760 --> 00:00:35,360 Speaker 1: a YouTube commentator, and today he's joined us to share 11 00:00:35,360 --> 00:00:37,920 Speaker 1: his thoughts on the economy, the financial markets, and a 12 00:00:38,000 --> 00:00:40,839 Speaker 1: variety of other subject matters. So Mark, welcome to Rethinking 13 00:00:40,880 --> 00:00:44,120 Speaker 1: of Dollar. Yeah, thank you. Mike's appreciate it. Well. I 14 00:00:44,159 --> 00:00:45,960 Speaker 1: appreciate you taking time to sit on with us and 15 00:00:46,000 --> 00:00:47,760 Speaker 1: share your thoughts. And so prior to us, you know, 16 00:00:47,800 --> 00:00:49,839 Speaker 1: going live here, um I had we had a great 17 00:00:49,920 --> 00:00:52,120 Speaker 1: chance to get just get caught up and to familiarize 18 00:00:52,120 --> 00:00:54,720 Speaker 1: yourself with the importance of education. And you do a 19 00:00:54,720 --> 00:00:57,120 Speaker 1: good job of educating your audience and so definitely want 20 00:00:57,120 --> 00:00:59,800 Speaker 1: to connect you with mine and definitely have you give 21 00:01:00,240 --> 00:01:03,000 Speaker 1: better perspective or a unique perspective because I think, you know, 22 00:01:03,080 --> 00:01:06,279 Speaker 1: you give a very positive message as to how change 23 00:01:06,319 --> 00:01:09,560 Speaker 1: is occurring, but yet this opportunities available for everybody. So 24 00:01:10,120 --> 00:01:12,240 Speaker 1: I'm curious to find out your thoughts. Uh, you know 25 00:01:12,280 --> 00:01:14,399 Speaker 1: what comes to mind when Mark Moss Here's the worst 26 00:01:14,400 --> 00:01:17,559 Speaker 1: were thinking of dollar? Well, I would say that right 27 00:01:17,600 --> 00:01:21,240 Speaker 1: now we are in a really transitional period in time, 28 00:01:21,360 --> 00:01:24,000 Speaker 1: and I think that we're in a super interesting period time. 29 00:01:24,000 --> 00:01:26,760 Speaker 1: Most people don't realize that, and I would imagine that 30 00:01:26,800 --> 00:01:29,360 Speaker 1: in fifty or a hundred years from now, history books 31 00:01:29,400 --> 00:01:32,880 Speaker 1: will be written about this period right here. Um, and 32 00:01:33,000 --> 00:01:37,720 Speaker 1: so um, what they're gonna be rewriting about is rethinking 33 00:01:37,760 --> 00:01:40,800 Speaker 1: the dollar. Like what the heck were they thinking? Right? 34 00:01:40,880 --> 00:01:43,920 Speaker 1: Like five thousand years of history, we had you know, 35 00:01:44,040 --> 00:01:47,600 Speaker 1: gold sound money as as a monetary system. For fifty years, 36 00:01:47,640 --> 00:01:49,960 Speaker 1: they went off the rails with this crazy fiat money 37 00:01:50,040 --> 00:01:55,560 Speaker 1: experiment and uh turned their dollar into worthless money. And 38 00:01:55,720 --> 00:01:58,440 Speaker 1: not only that took away all the education. So people 39 00:01:58,480 --> 00:02:01,240 Speaker 1: had no idea what was going on. And look how 40 00:02:01,240 --> 00:02:03,680 Speaker 1: it exploded on him. And so we're in this period 41 00:02:03,720 --> 00:02:07,840 Speaker 1: where this transitional period and everybody needs to rethink what 42 00:02:07,960 --> 00:02:11,680 Speaker 1: money is. And I guess that's also rethinking the dollar sounds. 43 00:02:11,760 --> 00:02:14,480 Speaker 1: I appreciate that. Now, when it comes to education, as 44 00:02:14,520 --> 00:02:17,360 Speaker 1: you mentioned, is unfortunately we didn't learn a lot of 45 00:02:17,360 --> 00:02:21,120 Speaker 1: this information that were starting to be presented with in school. 46 00:02:21,520 --> 00:02:24,280 Speaker 1: And so in your opinion, how important right now, you know, 47 00:02:24,560 --> 00:02:27,520 Speaker 1: is it for people to actually grab ahold of monetary 48 00:02:27,639 --> 00:02:32,840 Speaker 1: education and the linkage of financial education as well. I mean, 49 00:02:32,919 --> 00:02:37,600 Speaker 1: it's it's, it's it's definitely one of the most important things. 50 00:02:37,680 --> 00:02:41,200 Speaker 1: I mean, I think time is our most scarce resource, 51 00:02:41,240 --> 00:02:44,160 Speaker 1: and they don't teach us anything about time management. Uh. 52 00:02:44,200 --> 00:02:47,040 Speaker 1: And money, of course is basically our lifeblood, and they 53 00:02:47,040 --> 00:02:50,040 Speaker 1: don't teach us anything about money. And and and it's I 54 00:02:50,040 --> 00:02:52,320 Speaker 1: would I would say it's a shame, but I believe 55 00:02:52,320 --> 00:02:55,480 Speaker 1: it's almost purposeful. Right. They don't want you to understand. 56 00:02:55,560 --> 00:02:57,800 Speaker 1: As a matter of fact, back in the early Henry 57 00:02:57,840 --> 00:03:00,440 Speaker 1: Ford was quoted as saying that if if the people 58 00:03:00,520 --> 00:03:02,920 Speaker 1: knew how the banking system work, there would be a 59 00:03:02,919 --> 00:03:06,440 Speaker 1: revolt overnight. Um, and that was early nineteen hunters. Imagine 60 00:03:06,440 --> 00:03:08,600 Speaker 1: how to store it. It It is since then, and so 61 00:03:08,720 --> 00:03:10,400 Speaker 1: they don't want you to know. And so i'd say 62 00:03:10,400 --> 00:03:12,400 Speaker 1: it's a shame, but it's it's not. It's it's it's 63 00:03:12,440 --> 00:03:15,480 Speaker 1: worse than that, but it's super important, you know. And 64 00:03:15,480 --> 00:03:18,560 Speaker 1: and uh I talked a lot about the dollar money, 65 00:03:18,680 --> 00:03:23,079 Speaker 1: uh specifically in regards to bitcoin, usually because bitcoin is 66 00:03:23,120 --> 00:03:26,960 Speaker 1: definitely one of the challengers to change this monetary system, 67 00:03:27,040 --> 00:03:31,560 Speaker 1: and a lot of times people don't understand what or 68 00:03:31,600 --> 00:03:35,560 Speaker 1: why it's needed because they don't understand how bad our 69 00:03:35,680 --> 00:03:39,600 Speaker 1: monetary system really is. And so, um, it's kind of like, 70 00:03:39,640 --> 00:03:42,040 Speaker 1: if you don't understand there's a problem in the first place, 71 00:03:42,080 --> 00:03:46,800 Speaker 1: you can't go seek a solution. And so without having education, 72 00:03:46,800 --> 00:03:50,360 Speaker 1: and unfortunately, without people getting their own education into this, um, 73 00:03:50,400 --> 00:03:53,680 Speaker 1: they're never gonna be able to solve the problem. Now, 74 00:03:53,760 --> 00:03:55,720 Speaker 1: let let's get into some of the problems. And so 75 00:03:56,160 --> 00:03:58,160 Speaker 1: just today it looks like the EU is looking to 76 00:03:58,320 --> 00:04:00,680 Speaker 1: drop rates and begin a que par sist. So that's 77 00:04:00,680 --> 00:04:03,000 Speaker 1: gonna take on a whole new world of itself because 78 00:04:03,120 --> 00:04:06,400 Speaker 1: it's showing the signs that the system is basically cracking 79 00:04:06,440 --> 00:04:08,720 Speaker 1: at the very foundation of it. And so you know, 80 00:04:08,800 --> 00:04:11,240 Speaker 1: on your end as an investor, as a commentator, and 81 00:04:11,280 --> 00:04:13,480 Speaker 1: as an educator, you know, what are some things that 82 00:04:13,520 --> 00:04:16,200 Speaker 1: you know probably has you more concerned now than anything else. 83 00:04:16,240 --> 00:04:20,360 Speaker 1: Any particular subjects it's really you're really focused on yourself. Well, 84 00:04:20,360 --> 00:04:22,120 Speaker 1: I did a two part video series on the end 85 00:04:22,120 --> 00:04:25,360 Speaker 1: of the dollar recently on the YouTube channel, and uh 86 00:04:25,440 --> 00:04:27,159 Speaker 1: I talked about I had I did it over to 87 00:04:27,440 --> 00:04:28,960 Speaker 1: two videos because it was kind of long, and I 88 00:04:29,000 --> 00:04:31,919 Speaker 1: kind of talked about how the the world reserve currency, 89 00:04:31,960 --> 00:04:35,320 Speaker 1: which the dollar is today, has transition from from country 90 00:04:35,360 --> 00:04:37,320 Speaker 1: to country about every hundred years. And you know, we've 91 00:04:37,360 --> 00:04:39,720 Speaker 1: traced it back about four or five hops, the last 92 00:04:39,720 --> 00:04:42,120 Speaker 1: one coming from Britain to the United States. And and 93 00:04:42,160 --> 00:04:44,320 Speaker 1: the reason why I wanted to break down how the 94 00:04:44,360 --> 00:04:47,040 Speaker 1: dollar took over from the sterling Um in the nineteen 95 00:04:47,120 --> 00:04:50,839 Speaker 1: hundreds was because it's important to understand how that process happened, 96 00:04:51,120 --> 00:04:52,960 Speaker 1: and because kind of like the question that you're asking 97 00:04:53,040 --> 00:04:54,880 Speaker 1: right now, what's the thing that has been the most concerned. 98 00:04:55,360 --> 00:04:58,640 Speaker 1: And the point that I made outlining that change is 99 00:04:58,680 --> 00:05:01,560 Speaker 1: that it doesn't happen and with a bang, it goes 100 00:05:01,560 --> 00:05:05,400 Speaker 1: out with a whimper. And so the process lasted about 101 00:05:05,520 --> 00:05:10,400 Speaker 1: thirty years of moving from the sterling so um. Today 102 00:05:10,640 --> 00:05:13,640 Speaker 1: we're in a very similar process and it's not just 103 00:05:13,839 --> 00:05:16,680 Speaker 1: one thing that has been concerned. It's seeing all the 104 00:05:16,720 --> 00:05:21,159 Speaker 1: things lining up and continuing right UM. And so we 105 00:05:21,200 --> 00:05:23,760 Speaker 1: know the dollar was the world reserve currency, but it's 106 00:05:23,760 --> 00:05:27,440 Speaker 1: been losing that status and some of the things that 107 00:05:27,560 --> 00:05:29,760 Speaker 1: just a couple of quick things, if instead of one 108 00:05:29,800 --> 00:05:33,159 Speaker 1: but a couple quick things would be UM. So the 109 00:05:33,200 --> 00:05:35,839 Speaker 1: United States made a deal with Saudi Arabia to put 110 00:05:35,839 --> 00:05:38,360 Speaker 1: all oil in dollars priced in dollars, and that's how 111 00:05:38,360 --> 00:05:41,400 Speaker 1: it's managed to retain its control. But what happened is 112 00:05:41,640 --> 00:05:44,800 Speaker 1: now oil has spread past Saudi Arabia, and as much 113 00:05:44,800 --> 00:05:47,000 Speaker 1: as the United States has tried to force people to 114 00:05:47,120 --> 00:05:52,080 Speaker 1: use dollars, um our enemies Russia and China started to 115 00:05:52,120 --> 00:05:54,840 Speaker 1: start decided to start selling oil outside of the dollar. 116 00:05:55,920 --> 00:05:58,880 Speaker 1: And so that weekend the dollar boom. That was a 117 00:05:58,880 --> 00:06:03,400 Speaker 1: big one. UM. The United States has managed to control 118 00:06:03,520 --> 00:06:06,120 Speaker 1: the dollars still because we have our swift banking systems. 119 00:06:06,160 --> 00:06:07,520 Speaker 1: If you send a wire, you have to have a 120 00:06:07,520 --> 00:06:09,919 Speaker 1: Swift code, and the Swift system is how we move money. 121 00:06:10,160 --> 00:06:12,680 Speaker 1: And all the world governments are on the Swift system, 122 00:06:12,760 --> 00:06:16,160 Speaker 1: and the US we slap sanctions, all sanctions on you, 123 00:06:16,240 --> 00:06:18,240 Speaker 1: and sanctions on you, and Iran we don't like U 124 00:06:18,320 --> 00:06:20,320 Speaker 1: sanctions on you. And basically what we're doing is we're 125 00:06:20,400 --> 00:06:22,800 Speaker 1: kicking them out of the financial system, and that's really 126 00:06:22,839 --> 00:06:25,000 Speaker 1: bad for them if we kick them out. UM. The 127 00:06:25,040 --> 00:06:27,960 Speaker 1: problem is if you have a party and you kick 128 00:06:28,040 --> 00:06:29,960 Speaker 1: everyone out, at the end of the day, you're the 129 00:06:30,000 --> 00:06:32,080 Speaker 1: one left at the party. And so we've been kicking 130 00:06:32,120 --> 00:06:35,760 Speaker 1: people out of the financial system and UM. Earlier this year, 131 00:06:35,760 --> 00:06:39,240 Speaker 1: in January this year, the r the EU European Union 132 00:06:39,279 --> 00:06:43,240 Speaker 1: announced that they were creating a different swift system, one 133 00:06:43,279 --> 00:06:47,640 Speaker 1: called Instincts, and it went live in I believe July 134 00:06:47,839 --> 00:06:51,640 Speaker 1: of this year. And now it's not just our enemies 135 00:06:51,960 --> 00:06:54,680 Speaker 1: trying to Russia dealing outside the US dollar. Now even 136 00:06:54,720 --> 00:06:59,240 Speaker 1: our allies have created a financial system outside the US dollar. UM. 137 00:06:59,560 --> 00:07:01,800 Speaker 1: And so we're starting to see the dollar lose its 138 00:07:01,839 --> 00:07:05,000 Speaker 1: dominance like super fast, right before our very eyes. UM. 139 00:07:05,120 --> 00:07:07,360 Speaker 1: So those are a couple of the signs that I'm 140 00:07:07,400 --> 00:07:10,120 Speaker 1: watching that that are that are pretty serious. Right. So 141 00:07:10,200 --> 00:07:13,720 Speaker 1: you so you're ultimately describing the de dollarization process. You know, 142 00:07:13,760 --> 00:07:16,720 Speaker 1: the world the dollar rising at an alarming pace, and 143 00:07:16,760 --> 00:07:20,560 Speaker 1: it's done in incremental steps as you've listed now, it's 144 00:07:20,600 --> 00:07:23,160 Speaker 1: part of the next phase of the monetary system. In 145 00:07:23,160 --> 00:07:25,240 Speaker 1: your opinion, what are some things that might be rolled 146 00:07:25,280 --> 00:07:28,560 Speaker 1: out as options, or when we go back and continue 147 00:07:28,560 --> 00:07:30,559 Speaker 1: the model of you know, the thirty in the dollar, 148 00:07:30,840 --> 00:07:33,880 Speaker 1: whither it be like a Chinese situation or or what 149 00:07:33,920 --> 00:07:35,200 Speaker 1: are your thoughts? What are what are the things that 150 00:07:35,200 --> 00:07:38,480 Speaker 1: you think could be possibilities. Well, we're in an interesting 151 00:07:38,480 --> 00:07:41,360 Speaker 1: time because, as you said, the de dollarization. However, as 152 00:07:41,400 --> 00:07:43,960 Speaker 1: bad as the dollar is, the other countries are trying 153 00:07:43,960 --> 00:07:47,000 Speaker 1: to make their currencies even worse. So, I mean, all 154 00:07:47,040 --> 00:07:50,120 Speaker 1: the other countries are are are devaluing their their currencies 155 00:07:50,160 --> 00:07:52,640 Speaker 1: even further. And so even though the dollar is still 156 00:07:52,720 --> 00:07:55,240 Speaker 1: so bad, it's still like the prettiest girl to dance. 157 00:07:55,280 --> 00:07:58,040 Speaker 1: And I think it was the last night President Trump 158 00:07:58,080 --> 00:08:02,080 Speaker 1: tweeted UM that he he's tweeting to the central bank 159 00:08:02,120 --> 00:08:05,520 Speaker 1: the Fed to um lower interest rates to zero or less, 160 00:08:05,720 --> 00:08:08,560 Speaker 1: is what he said. UM. So basically he's telling the 161 00:08:08,600 --> 00:08:11,200 Speaker 1: central bank to go to negative interest rates because the 162 00:08:11,240 --> 00:08:12,440 Speaker 1: rest of the world is and if the rest of 163 00:08:12,440 --> 00:08:14,400 Speaker 1: the world is, we need to do the same. UM. 164 00:08:14,440 --> 00:08:17,360 Speaker 1: And that's crazy and that's a different topic. But UM, 165 00:08:17,400 --> 00:08:21,120 Speaker 1: back to your question, like where does this go? You know, 166 00:08:21,280 --> 00:08:23,560 Speaker 1: because all the other currencies are so bad, I don't 167 00:08:23,560 --> 00:08:25,720 Speaker 1: see another one taking over When the US took over 168 00:08:25,760 --> 00:08:28,840 Speaker 1: from Britain. The Britain was became a debtor in the 169 00:08:28,920 --> 00:08:31,400 Speaker 1: US became the largest creditor, and so we had the 170 00:08:31,440 --> 00:08:34,560 Speaker 1: strongest monetary system we had. We had the gold um Today, 171 00:08:34,640 --> 00:08:38,280 Speaker 1: nobody's really doing that. We have seen UM. China and 172 00:08:38,360 --> 00:08:41,280 Speaker 1: Russia have both been accumulating massive amounts of gold. China 173 00:08:41,320 --> 00:08:43,640 Speaker 1: has been accumulating the mass the most. The most gold 174 00:08:43,840 --> 00:08:47,040 Speaker 1: rumors are they're trying to at least somewhat reback their 175 00:08:47,080 --> 00:08:49,800 Speaker 1: currency with gold so they could get into the world stage. So, 176 00:08:50,600 --> 00:08:53,480 Speaker 1: for those that don't know, each country has a central bank. 177 00:08:53,520 --> 00:08:55,880 Speaker 1: The central bank creates their dollars and tries to manage 178 00:08:55,880 --> 00:08:58,920 Speaker 1: the money supply. Then there's a central bank for the 179 00:08:58,960 --> 00:09:01,559 Speaker 1: central banks, that's the b I S, and the b 180 00:09:01,720 --> 00:09:04,680 Speaker 1: i S controls a basket of currencies called s DR 181 00:09:04,840 --> 00:09:09,160 Speaker 1: special drawing Rights, and basically the b I S, the 182 00:09:09,200 --> 00:09:11,920 Speaker 1: central bank of central banks, decides how much of each 183 00:09:11,960 --> 00:09:15,960 Speaker 1: currency goes into this basket of currency. And China has 184 00:09:16,000 --> 00:09:18,480 Speaker 1: been really trying to get their currency into this basket 185 00:09:18,520 --> 00:09:21,440 Speaker 1: more than UM it has been. And so where do 186 00:09:21,480 --> 00:09:23,000 Speaker 1: I think it's going to go? Back to your question, 187 00:09:23,440 --> 00:09:27,679 Speaker 1: I don't see any one currency taking over UM. We 188 00:09:27,760 --> 00:09:30,760 Speaker 1: saw that all the central bankers of the world met 189 00:09:30,880 --> 00:09:33,760 Speaker 1: a week or two ago in Wyoming and Mark Arney, 190 00:09:33,800 --> 00:09:36,520 Speaker 1: head of the Bank of England, said, got up and said, 191 00:09:36,559 --> 00:09:38,800 Speaker 1: we need to get rid of the US dollar. We 192 00:09:38,840 --> 00:09:41,120 Speaker 1: need to get rid of the dollar dominance. What we 193 00:09:41,240 --> 00:09:43,640 Speaker 1: need and he said it, what we need is something 194 00:09:43,800 --> 00:09:48,280 Speaker 1: like Facebook Libra. Didn't say Facebook, li Brasis, something like it. 195 00:09:48,720 --> 00:09:51,480 Speaker 1: And what that means is Facebook Libra is a cryptocurrency 196 00:09:51,559 --> 00:09:56,360 Speaker 1: that's backed by a basket of currencies. And so that's 197 00:09:56,360 --> 00:09:59,040 Speaker 1: what he I think was suggesting. We need a cryptocurrency 198 00:09:59,080 --> 00:10:01,959 Speaker 1: that's backed by a basket of currencies. And the basket 199 00:10:01,960 --> 00:10:04,160 Speaker 1: of currency seems to be what the b I S has, 200 00:10:04,200 --> 00:10:07,120 Speaker 1: which is the SDRs, which is everybody recognizes that. So 201 00:10:07,559 --> 00:10:09,600 Speaker 1: that would be my guest as to where it goes. 202 00:10:10,120 --> 00:10:13,280 Speaker 1: But what my hope is is what my hope is 203 00:10:13,280 --> 00:10:16,400 Speaker 1: is that this is enough to wake people up to go, wait, 204 00:10:16,440 --> 00:10:19,760 Speaker 1: what the heck is going on here? And it will 205 00:10:19,840 --> 00:10:25,040 Speaker 1: create um competitive systems. So if right now, whatever country 206 00:10:25,040 --> 00:10:28,160 Speaker 1: you're in, you're basically stuck with that currency. Once we 207 00:10:28,240 --> 00:10:30,240 Speaker 1: go to a system like this, what I hope is 208 00:10:30,280 --> 00:10:33,040 Speaker 1: that we have alternatives so you know what, I don't 209 00:10:33,120 --> 00:10:36,000 Speaker 1: like that currency that this B I S is presenting. 210 00:10:36,040 --> 00:10:39,040 Speaker 1: So I'm gonna use Facebook, Libra, or I'm gonna use bitcoin, 211 00:10:39,280 --> 00:10:41,120 Speaker 1: or I'm gonna use this other stable coin, or I'm 212 00:10:41,120 --> 00:10:42,960 Speaker 1: gonna use whatever it is that I want to use. 213 00:10:43,360 --> 00:10:45,360 Speaker 1: And I hope that my hope is that we get 214 00:10:45,360 --> 00:10:49,120 Speaker 1: this this competition. Now that that's that's great, that's a 215 00:10:49,160 --> 00:10:51,920 Speaker 1: great viewpoint they have. My question would be as far 216 00:10:51,960 --> 00:10:54,160 Speaker 1: as uncle say, I'm the government when it comes time 217 00:10:54,200 --> 00:10:57,480 Speaker 1: to collect texas, Um, you know, what's the likelihood of them, 218 00:10:57,679 --> 00:11:01,680 Speaker 1: um wanting to be received taxation and variety of different 219 00:11:01,679 --> 00:11:05,120 Speaker 1: sources as opposed to being the primary issuer of whatever 220 00:11:05,160 --> 00:11:09,040 Speaker 1: the legal tender might be in this country here. You know, 221 00:11:10,200 --> 00:11:12,880 Speaker 1: most people are going to understand that question because they 222 00:11:12,920 --> 00:11:15,480 Speaker 1: don't really understand how the way it works. Just just 223 00:11:15,559 --> 00:11:18,760 Speaker 1: super quick. I mean, imagine imagine going back to when 224 00:11:19,240 --> 00:11:23,559 Speaker 1: the the I basically this fiat money system, the bank 225 00:11:23,679 --> 00:11:26,679 Speaker 1: the I R S was created back inteen and imagine 226 00:11:26,679 --> 00:11:30,400 Speaker 1: these bankers sitting around going gold is money. But we 227 00:11:30,440 --> 00:11:32,880 Speaker 1: want people to use this fake piece of paper. But 228 00:11:32,920 --> 00:11:35,200 Speaker 1: why would anybody ever use this piece of paper? I 229 00:11:35,200 --> 00:11:37,360 Speaker 1: mean it's fake? Why would anybody use it. I have 230 00:11:37,400 --> 00:11:41,040 Speaker 1: a good idea. What we'll do is we'll make people 231 00:11:41,120 --> 00:11:43,360 Speaker 1: work all year to go collect these fake pieces of paper, 232 00:11:43,400 --> 00:11:44,199 Speaker 1: so at the end of the year they have to 233 00:11:44,240 --> 00:11:46,760 Speaker 1: bring them back to us. Right, That's what the I 234 00:11:46,840 --> 00:11:49,720 Speaker 1: R S is, And so it's important people to understand 235 00:11:49,720 --> 00:11:52,200 Speaker 1: that to preface that question. But back to your question. 236 00:11:52,600 --> 00:11:55,319 Speaker 1: Because of that, that's how they get people to use 237 00:11:55,320 --> 00:11:57,320 Speaker 1: the fake money system is to make them collected to 238 00:11:57,320 --> 00:12:01,640 Speaker 1: bring it back. Um, if they were to accept their 239 00:12:01,679 --> 00:12:04,000 Speaker 1: tax payments and all these different currencies as you as 240 00:12:04,040 --> 00:12:08,040 Speaker 1: you asked, they would lose the power of this fake currency. 241 00:12:08,160 --> 00:12:11,439 Speaker 1: And so they're not going to give that up, right, not, 242 00:12:11,559 --> 00:12:14,240 Speaker 1: not unless they have to. Um. So you know they 243 00:12:14,280 --> 00:12:16,120 Speaker 1: could say, hey, you have to pay us back in 244 00:12:16,200 --> 00:12:18,440 Speaker 1: dollars for taxes. But that doesn't mean that I can't 245 00:12:18,559 --> 00:12:20,679 Speaker 1: use all these different money systems. That just means when 246 00:12:20,720 --> 00:12:22,719 Speaker 1: it comes time to pay taxes, that convert whatever I'm 247 00:12:22,800 --> 00:12:26,040 Speaker 1: using into dollars and pay it back. But I'm holding 248 00:12:26,040 --> 00:12:28,120 Speaker 1: that So like in Venezuela we talked about earlier, like 249 00:12:28,160 --> 00:12:31,160 Speaker 1: their their money is losing value so fast. Um, So 250 00:12:31,200 --> 00:12:33,000 Speaker 1: if I was able to hold a different currency to 251 00:12:33,080 --> 00:12:35,440 Speaker 1: store that value and then at the day taxes that 252 00:12:35,520 --> 00:12:39,400 Speaker 1: do I convert and pay. I could be okay with that, 253 00:12:39,440 --> 00:12:41,320 Speaker 1: but yeah, they're probably not gonna want to accept all 254 00:12:41,360 --> 00:12:44,000 Speaker 1: these different currencies. Now, let's talk about current conditions we're 255 00:12:44,040 --> 00:12:47,000 Speaker 1: in now. A lot of people say recession and economic depression. 256 00:12:47,160 --> 00:12:51,160 Speaker 1: A lot of people are painting this next um monetary 257 00:12:51,240 --> 00:12:54,240 Speaker 1: or financial hiccup is being something that will be historical 258 00:12:54,280 --> 00:12:58,320 Speaker 1: in nature because of the tenure, artificial creation of policy 259 00:12:58,360 --> 00:13:01,080 Speaker 1: implementation and all this stuff that we're you know, become 260 00:13:01,320 --> 00:13:03,960 Speaker 1: becoming victims off now and you're looking ahead, you know, 261 00:13:04,080 --> 00:13:07,800 Speaker 1: how how problematic will this next economic slow down? But 262 00:13:07,800 --> 00:13:09,640 Speaker 1: could be? I mean it's gonna be enormous. It's gonna 263 00:13:09,640 --> 00:13:13,240 Speaker 1: be bigger than anybody has ever imagined. Um, it's it's 264 00:13:13,320 --> 00:13:16,560 Speaker 1: it's gonna be a complete reset of the entire system. 265 00:13:16,640 --> 00:13:20,120 Speaker 1: And uh, the question is when, right, We don't know when, 266 00:13:20,160 --> 00:13:22,680 Speaker 1: and so trying to time these things is impossible. We 267 00:13:22,679 --> 00:13:24,720 Speaker 1: don't know how much longer they can keep this thing going. 268 00:13:24,760 --> 00:13:27,200 Speaker 1: But we know it's gonna be massive because what we've 269 00:13:27,200 --> 00:13:29,760 Speaker 1: seen in the past, like you know, two thousand eight whatever, 270 00:13:29,880 --> 00:13:31,760 Speaker 1: we saw the markets drop a little bit. We're talking 271 00:13:31,800 --> 00:13:34,560 Speaker 1: about a complete reset of the system, and and and 272 00:13:34,600 --> 00:13:36,520 Speaker 1: again you kind of have to understand what's going on 273 00:13:36,600 --> 00:13:40,360 Speaker 1: to grasp the magnitude. But basically, for the last you know, 274 00:13:40,480 --> 00:13:43,679 Speaker 1: fifty sixty years, really almost a hundred years, they've been 275 00:13:43,800 --> 00:13:48,000 Speaker 1: print printing, they've been uh inflating. Right. So you hear 276 00:13:48,040 --> 00:13:49,920 Speaker 1: the FED talk about we need we're not getting the 277 00:13:49,960 --> 00:13:52,280 Speaker 1: inflation we need. We need more inflation, we need more inflation. 278 00:13:52,280 --> 00:13:54,400 Speaker 1: What does that means? That's like a balloon. A balloon 279 00:13:54,520 --> 00:13:58,280 Speaker 1: inflates or deflates, right, So they want inflation, they want 280 00:13:58,320 --> 00:14:00,960 Speaker 1: more money, and and the way they get more money 281 00:14:01,000 --> 00:14:03,440 Speaker 1: is through debt. So they create debt creation and it 282 00:14:03,480 --> 00:14:07,160 Speaker 1: gets more money. And because the economy is shaking, nobody's 283 00:14:07,200 --> 00:14:08,800 Speaker 1: taking as much debt as they want, so they're not 284 00:14:08,840 --> 00:14:11,880 Speaker 1: getting as much inflation, as much creation as they want. 285 00:14:12,520 --> 00:14:15,720 Speaker 1: And so um, they've been pumping more money, more money, 286 00:14:15,720 --> 00:14:18,120 Speaker 1: more money. Now what happens is when I've saved up 287 00:14:18,120 --> 00:14:21,240 Speaker 1: my money, I have the option to loan that to you. 288 00:14:21,760 --> 00:14:24,160 Speaker 1: And depending on where what you're gonna do with that money, 289 00:14:24,160 --> 00:14:26,800 Speaker 1: how risk it is, I'm gonna want money like an 290 00:14:26,920 --> 00:14:29,360 Speaker 1: interest back on that. Now you're super risky, I want 291 00:14:30,680 --> 00:14:33,720 Speaker 1: you're safer. I want five percent or whatever. And so 292 00:14:33,760 --> 00:14:34,880 Speaker 1: we used to be able to put our money in 293 00:14:34,920 --> 00:14:39,040 Speaker 1: the bank and our an interest. But today there's been 294 00:14:39,280 --> 00:14:42,280 Speaker 1: so much money created in the world there's nowhere for 295 00:14:42,320 --> 00:14:45,200 Speaker 1: it to go. Oh, nobody wants the money. And so 296 00:14:45,280 --> 00:14:48,360 Speaker 1: now we thought, we thought, you know, the commentators who 297 00:14:48,360 --> 00:14:50,280 Speaker 1: have been watching this for a long time, we thought, man, 298 00:14:50,360 --> 00:14:53,080 Speaker 1: once interest rates go to zero, that's it game over. 299 00:14:54,000 --> 00:14:57,960 Speaker 1: But now they've gone less than zero. They're negative, and 300 00:14:58,040 --> 00:15:02,200 Speaker 1: so we have over half of the sovereign world's government 301 00:15:02,280 --> 00:15:06,840 Speaker 1: is paying negative interest rates. Seventeen trillion dollars is literally 302 00:15:07,320 --> 00:15:11,160 Speaker 1: worth less than zero. That means seventeen trillion dollars. I'm 303 00:15:11,160 --> 00:15:13,800 Speaker 1: not earning interest on that money. I'm actually paying people 304 00:15:13,920 --> 00:15:17,280 Speaker 1: to take that money. Here, take my money. I'll pay 305 00:15:17,320 --> 00:15:19,680 Speaker 1: you to take my money. Seventeen trillion dollars is like that. 306 00:15:20,240 --> 00:15:24,960 Speaker 1: And so when you understand that's what's happening. Um, And 307 00:15:25,200 --> 00:15:28,400 Speaker 1: the only option that the that these central banks have 308 00:15:28,520 --> 00:15:30,960 Speaker 1: is to print more money. Well, how is that gonna work? 309 00:15:31,320 --> 00:15:33,720 Speaker 1: The printing of the money is what's destroying the system 310 00:15:33,720 --> 00:15:36,120 Speaker 1: in the first place, and so the only option they 311 00:15:36,160 --> 00:15:40,000 Speaker 1: have is to print more. And so um, yeah, it's 312 00:15:40,080 --> 00:15:42,480 Speaker 1: it's going to destroy. The entire system is gonna have 313 00:15:42,520 --> 00:15:44,680 Speaker 1: a complete meltdown and something new is going to be 314 00:15:44,760 --> 00:15:47,920 Speaker 1: built right now as a part of the destruction of 315 00:15:48,040 --> 00:15:51,400 Speaker 1: capital because borrowing no longer pays a yield in a 316 00:15:51,480 --> 00:15:54,240 Speaker 1: sense when it comes to investing. There's a lot of people, 317 00:15:54,600 --> 00:15:57,960 Speaker 1: um trillions of dollars trapped in the system that's chasing 318 00:15:58,040 --> 00:16:00,840 Speaker 1: that it's it's put there because it's intended to grow 319 00:16:01,080 --> 00:16:03,400 Speaker 1: for people to basically one day retire upon or whatever 320 00:16:03,440 --> 00:16:06,440 Speaker 1: it might be. But that's becoming problematic. So just from 321 00:16:06,680 --> 00:16:09,840 Speaker 1: a sheer investment standpoint, if you can no longer go 322 00:16:09,920 --> 00:16:12,160 Speaker 1: out and actually put money to things and have it grow, 323 00:16:12,560 --> 00:16:14,800 Speaker 1: what are what what's some options for people that actually 324 00:16:14,840 --> 00:16:18,520 Speaker 1: pursue in your opinion? Of course? Well again, right, so 325 00:16:18,560 --> 00:16:20,320 Speaker 1: I said that we don't know when this is going 326 00:16:20,360 --> 00:16:22,240 Speaker 1: to happen, and so that's the thing. So we need 327 00:16:22,280 --> 00:16:24,240 Speaker 1: to be ready for both things. We need to be 328 00:16:24,280 --> 00:16:27,080 Speaker 1: ready to take advantage of this massive upside, but also 329 00:16:27,240 --> 00:16:29,160 Speaker 1: be ready for the downsides. We need to be quick 330 00:16:29,160 --> 00:16:32,080 Speaker 1: and nimble. Um, you're a basketball player, right, so like 331 00:16:32,080 --> 00:16:34,560 Speaker 1: you've got to switch from offense to defense really quickly, 332 00:16:34,640 --> 00:16:35,880 Speaker 1: and you have to be ready for that soon as 333 00:16:35,880 --> 00:16:37,560 Speaker 1: they grab the ball. I'm switching right and you have. 334 00:16:37,720 --> 00:16:39,560 Speaker 1: And so more than ever, we need to be in 335 00:16:39,560 --> 00:16:42,800 Speaker 1: that situation. I think, Um, you know, the last eight 336 00:16:43,040 --> 00:16:46,400 Speaker 1: hundred years, eighty years, Um, it's been buy and hold, 337 00:16:47,000 --> 00:16:48,840 Speaker 1: put your money in there for all one kay. Over 338 00:16:48,880 --> 00:16:50,800 Speaker 1: the long term, it always goes up eight percent. But 339 00:16:50,920 --> 00:16:53,640 Speaker 1: that's that's not gonna work anymore. So we need to 340 00:16:53,640 --> 00:16:55,320 Speaker 1: be quick and nimble and ready for a switch. So 341 00:16:55,720 --> 00:16:58,000 Speaker 1: the reason why we have this massive divide between rich 342 00:16:58,040 --> 00:17:03,040 Speaker 1: and poor is because if you've owned any assets, houses, stocks, 343 00:17:03,360 --> 00:17:06,000 Speaker 1: any kind of assets, those have inflated, those have gone 344 00:17:06,080 --> 00:17:08,840 Speaker 1: up in value. Or the poor don't own those things 345 00:17:09,240 --> 00:17:12,320 Speaker 1: and they just work for wages, but the wages have 346 00:17:12,480 --> 00:17:15,280 Speaker 1: gone down, so they make less money today. They're buying 347 00:17:15,320 --> 00:17:19,320 Speaker 1: powers less while the rich got inflated with assets. So, um, 348 00:17:19,359 --> 00:17:22,760 Speaker 1: what I think is going to happen is, as I said, 349 00:17:22,920 --> 00:17:25,600 Speaker 1: like the tool, the only tool that these these central 350 00:17:25,600 --> 00:17:27,520 Speaker 1: banks have is to print more money. That's all they 351 00:17:27,520 --> 00:17:30,159 Speaker 1: can do, and they're going to do that until they 352 00:17:30,200 --> 00:17:32,200 Speaker 1: can't do it anymore. They're not gonna wake up tomorrow 353 00:17:32,200 --> 00:17:34,760 Speaker 1: and go, m maybe we should live within our budget. 354 00:17:35,119 --> 00:17:37,280 Speaker 1: That's not gonna happen. So they're going to go until 355 00:17:37,280 --> 00:17:40,160 Speaker 1: it doesn't work anymore. And so I believe we're gonna 356 00:17:40,160 --> 00:17:43,960 Speaker 1: see massive inflation, massive money printing, massive debt, as you 357 00:17:44,000 --> 00:17:46,520 Speaker 1: talked about what the EU doing more que and so 358 00:17:46,600 --> 00:17:50,640 Speaker 1: that's gonna push assets up even higher. So, um, we're 359 00:17:50,640 --> 00:17:54,720 Speaker 1: gonna have We're gonna have a melt up before the meltdown, 360 00:17:55,359 --> 00:17:57,280 Speaker 1: and so we want to stay in the market for 361 00:17:57,320 --> 00:18:00,520 Speaker 1: that because maybe there's another thirty percent left this market 362 00:18:00,560 --> 00:18:02,159 Speaker 1: to go, and so we want to stay in there. 363 00:18:02,200 --> 00:18:05,280 Speaker 1: So that's gonna be you know, obviously stock markets. I 364 00:18:05,320 --> 00:18:07,240 Speaker 1: think gold is already doing really really good. I think 365 00:18:07,240 --> 00:18:08,920 Speaker 1: gold still got a lot of room to run, which 366 00:18:09,000 --> 00:18:12,280 Speaker 1: is more like insurance. UM Bitcoin, of course, I believe 367 00:18:12,280 --> 00:18:15,520 Speaker 1: it's the best invest opportunity that we have today, um 368 00:18:15,520 --> 00:18:17,399 Speaker 1: all these things. But then we need to be careful 369 00:18:17,440 --> 00:18:20,239 Speaker 1: because when the thing starts melting down, where do we go, 370 00:18:20,440 --> 00:18:24,600 Speaker 1: And that's gonna be into non correlated assets, which would 371 00:18:24,600 --> 00:18:28,520 Speaker 1: be really gold, probably golden bitcoin. As you mentioned, you 372 00:18:28,520 --> 00:18:31,520 Speaker 1: can't really time how this thing is going online and 373 00:18:31,680 --> 00:18:33,879 Speaker 1: visually come to a halt. And so one of the 374 00:18:33,880 --> 00:18:36,760 Speaker 1: biggest concerns is for those that don't have the know 375 00:18:36,920 --> 00:18:40,400 Speaker 1: how or the knowledge on being able to time it correctly. 376 00:18:40,440 --> 00:18:42,160 Speaker 1: You know, like on defense you can you can tail 377 00:18:42,280 --> 00:18:44,560 Speaker 1: the ball turned over get back. But yet, if you 378 00:18:44,560 --> 00:18:46,959 Speaker 1: don't have an eye or pay attention to the markets 379 00:18:46,960 --> 00:18:48,840 Speaker 1: in a way that someone who does it, probably for 380 00:18:48,920 --> 00:18:50,840 Speaker 1: a living, does, it is gonna be hard to get 381 00:18:50,840 --> 00:18:52,520 Speaker 1: in and get out because it's always when it's time 382 00:18:52,560 --> 00:18:55,560 Speaker 1: to exit, everybody rushed towards the door, not everybody will 383 00:18:55,560 --> 00:18:57,720 Speaker 1: be able to get out. And so put that thought 384 00:18:57,720 --> 00:19:00,800 Speaker 1: in mind there, what are some things that people can 385 00:19:00,840 --> 00:19:03,160 Speaker 1: do practically? You know you mentioned some things that get 386 00:19:03,200 --> 00:19:06,480 Speaker 1: into but if you were to have an opportunity to 387 00:19:07,080 --> 00:19:11,240 Speaker 1: give people some some steps, what some stuff? Um, you know, 388 00:19:11,560 --> 00:19:14,159 Speaker 1: back to back to basketball reference. Um, you're right, you 389 00:19:14,240 --> 00:19:15,960 Speaker 1: see the ball switch and so you know to move. 390 00:19:16,040 --> 00:19:20,040 Speaker 1: But playing basketball, you don't move everybody to offense. You 391 00:19:20,119 --> 00:19:23,080 Speaker 1: still leave some guys back in defense ready, because if 392 00:19:23,119 --> 00:19:25,199 Speaker 1: that ball switches and breaks, you need to have somebody 393 00:19:25,240 --> 00:19:28,560 Speaker 1: back there, right, And so investing is the same way. 394 00:19:28,600 --> 00:19:30,560 Speaker 1: I don't know when that ball is gonna switch, so 395 00:19:30,680 --> 00:19:34,000 Speaker 1: I'm always gonna leave some defense even though I'm playing offense. 396 00:19:34,760 --> 00:19:37,159 Speaker 1: So using that analogy, that's how That's how I approach it, 397 00:19:37,200 --> 00:19:40,320 Speaker 1: because you're right, we don't know, and nobody, even somebody 398 00:19:40,640 --> 00:19:42,840 Speaker 1: like me, and there's people a hundred times smarter than me. 399 00:19:43,200 --> 00:19:46,080 Speaker 1: Nobody can guess the tops or bottoms. Nobody can. It's 400 00:19:46,119 --> 00:19:48,119 Speaker 1: it's not it's it's never been able to be done. 401 00:19:48,600 --> 00:19:50,720 Speaker 1: And so we don't know what we don't know, and 402 00:19:50,760 --> 00:19:53,320 Speaker 1: so we prepare for both. We we play offense, but 403 00:19:53,320 --> 00:19:55,040 Speaker 1: we keep people back for defense at the same time, 404 00:19:55,080 --> 00:19:59,680 Speaker 1: so more practical steps. It's uh, it's I don't think 405 00:19:59,680 --> 00:20:01,720 Speaker 1: you knew this, but just a couple of just like 406 00:20:01,720 --> 00:20:03,800 Speaker 1: a week ago, I put out a big report, a 407 00:20:03,840 --> 00:20:06,200 Speaker 1: free guide that I put together that basically outlines this. 408 00:20:06,480 --> 00:20:10,840 Speaker 1: I believe there's four pillars, that four areas that people 409 00:20:10,840 --> 00:20:13,040 Speaker 1: should be and to be ready for this, and so 410 00:20:13,200 --> 00:20:16,919 Speaker 1: one of them is UM, I want to remain offensive, 411 00:20:16,960 --> 00:20:19,679 Speaker 1: so I want to keep some money and growth. So 412 00:20:20,240 --> 00:20:22,840 Speaker 1: maybe I'll do like a stock index of like tech 413 00:20:22,880 --> 00:20:26,199 Speaker 1: stocks that still have, you know, maybe more upside, so 414 00:20:26,240 --> 00:20:28,919 Speaker 1: I can just play like an index fund on that. UM. 415 00:20:28,920 --> 00:20:31,760 Speaker 1: I'm definitely gonna want to be in bitcoin UM, which I, 416 00:20:31,840 --> 00:20:33,320 Speaker 1: like I said, I believe is the best in best 417 00:20:33,359 --> 00:20:35,439 Speaker 1: co opportunity we have Now it's risky, so you need 418 00:20:35,480 --> 00:20:38,240 Speaker 1: to make sure these are done like in risk adjusted positions. 419 00:20:38,560 --> 00:20:40,560 Speaker 1: So I'm not putting everything in bitcoin. I'm putting enough 420 00:20:40,600 --> 00:20:44,080 Speaker 1: to balance the risk. But that's that's definitely one um. 421 00:20:44,200 --> 00:20:48,639 Speaker 1: So growth, but dan also I want to have insurance 422 00:20:48,680 --> 00:20:51,479 Speaker 1: on that. And so if this system melts down, like 423 00:20:51,560 --> 00:20:53,320 Speaker 1: gold is going to be a big beneficiary of that. 424 00:20:53,400 --> 00:20:56,480 Speaker 1: So like I believe we should have insurance. Now, insurance 425 00:20:56,560 --> 00:20:58,560 Speaker 1: is something that we should all have, but we don't 426 00:20:58,560 --> 00:21:00,560 Speaker 1: put all our money into insurance. We've a little bit 427 00:21:00,560 --> 00:21:03,119 Speaker 1: of insurance that covers our losses, and so a little 428 00:21:03,119 --> 00:21:06,639 Speaker 1: bit of gold I think makes sense. Also, gold mining 429 00:21:06,800 --> 00:21:09,760 Speaker 1: stocks could also fit in the growth, so growth, insurance, 430 00:21:09,800 --> 00:21:13,160 Speaker 1: We've got those things covered. Now. When this tide switches, 431 00:21:13,520 --> 00:21:15,439 Speaker 1: I believe that it's going to be the cell of 432 00:21:15,440 --> 00:21:18,359 Speaker 1: a lifetime, Meaning if we could have a little bit 433 00:21:18,400 --> 00:21:21,080 Speaker 1: of patients and wait three or four years to invest 434 00:21:21,119 --> 00:21:23,199 Speaker 1: in things, we might be able to buy in it, 435 00:21:23,320 --> 00:21:26,080 Speaker 1: you know, fifty cheaper half price. And so I want 436 00:21:26,119 --> 00:21:28,960 Speaker 1: to keep some cash. I want to keep cash available 437 00:21:29,440 --> 00:21:32,399 Speaker 1: to take advantage of that. Now I've figured out some 438 00:21:32,440 --> 00:21:35,120 Speaker 1: ways that you can make pretty good returns on your 439 00:21:35,200 --> 00:21:38,240 Speaker 1: cash and stay really liquid, so cash and then the 440 00:21:38,560 --> 00:21:41,080 Speaker 1: fourth bucket, the fourth pillar, as I call it, is 441 00:21:41,200 --> 00:21:45,240 Speaker 1: cash flow. And so I believe, and I pound the 442 00:21:45,240 --> 00:21:48,280 Speaker 1: tables on this, that everybody should really be trying to 443 00:21:48,480 --> 00:21:51,520 Speaker 1: always invest for cash flow. That's always my main purpose 444 00:21:51,560 --> 00:21:54,000 Speaker 1: of cash flow, and the goal that most people don't 445 00:21:54,000 --> 00:21:56,240 Speaker 1: realize is that if I can get enough cash flow 446 00:21:56,280 --> 00:21:59,720 Speaker 1: to pay for my living expenses, I'm out of the game. 447 00:22:00,680 --> 00:22:02,600 Speaker 1: And that's always my goal. So even though I'm investing 448 00:22:02,680 --> 00:22:05,120 Speaker 1: for growth, I take that growth and put it into 449 00:22:05,160 --> 00:22:07,960 Speaker 1: cash flow. And and I've been investing through a couple 450 00:22:07,960 --> 00:22:11,000 Speaker 1: of bear bear markets and UH in two thousand and eight, 451 00:22:11,080 --> 00:22:13,600 Speaker 1: what I noticed is that even though real estate prices 452 00:22:13,760 --> 00:22:18,960 Speaker 1: dropped by the rents didn't go down because people still 453 00:22:18,960 --> 00:22:22,280 Speaker 1: had to rent. And so I want to take I 454 00:22:22,320 --> 00:22:24,280 Speaker 1: want cash flow, and cash flow is a good good 455 00:22:24,320 --> 00:22:26,520 Speaker 1: way to get it is through rental properties. UM. In 456 00:22:26,600 --> 00:22:28,600 Speaker 1: Detroit where you're at, you can get those properties for 457 00:22:28,640 --> 00:22:31,680 Speaker 1: really cheap. You know, there's cheap ways to do that. UM, 458 00:22:31,720 --> 00:22:34,440 Speaker 1: But there's other ways to get cash flow as well. Obviously, 459 00:22:34,480 --> 00:22:36,639 Speaker 1: there's like reats, like so there's like a stock that 460 00:22:36,680 --> 00:22:38,439 Speaker 1: you can buy that's in real estate. So I can 461 00:22:38,480 --> 00:22:41,520 Speaker 1: get cash flow from that um divid in pain socks 462 00:22:41,520 --> 00:22:42,920 Speaker 1: that there's other place to get cash flow. So to 463 00:22:43,000 --> 00:22:46,159 Speaker 1: recap um, I want cash flow and insurance. Those are 464 00:22:46,200 --> 00:22:49,399 Speaker 1: what's gonna keep me safe. I want cash, liquid cash 465 00:22:49,520 --> 00:22:52,040 Speaker 1: that's earning interest, but it's liquid, and to take advantage 466 00:22:52,040 --> 00:22:53,920 Speaker 1: of the cell of a lifetime. And I want this 467 00:22:54,080 --> 00:22:56,880 Speaker 1: growth portfolio to take advantage of the upside that's left 468 00:22:56,880 --> 00:22:59,359 Speaker 1: in the market. And so all my money is not 469 00:22:59,440 --> 00:23:01,639 Speaker 1: in growth that way, when the market crashes, even if 470 00:23:01,640 --> 00:23:04,119 Speaker 1: I were to lose that whole allocation, I still have 471 00:23:04,119 --> 00:23:06,600 Speaker 1: the rest of my portfolio. See that's how I'm playing 472 00:23:06,640 --> 00:23:09,440 Speaker 1: offense and defense. I like that strategy now A part 473 00:23:09,480 --> 00:23:11,520 Speaker 1: rethinking a dollar. A lot of the audience here are 474 00:23:11,560 --> 00:23:14,679 Speaker 1: heavy precious medals enthusiasts, and so you know, some people 475 00:23:14,800 --> 00:23:17,040 Speaker 1: are in favor of bitcoin, others are not. A lot 476 00:23:17,119 --> 00:23:19,840 Speaker 1: of people from a conspiratorial standpoint thin you know, the 477 00:23:19,920 --> 00:23:22,760 Speaker 1: n s A created a government that that that approach 478 00:23:22,800 --> 00:23:24,960 Speaker 1: there that you've mentioned bitcoin a couple of times, I 479 00:23:25,040 --> 00:23:28,359 Speaker 1: was expectat opportunity give us some pros and cons or 480 00:23:28,440 --> 00:23:30,439 Speaker 1: some pros that really have you excited about it for 481 00:23:30,480 --> 00:23:33,920 Speaker 1: yourself personally. Yeah, definitely. So first thing I would say 482 00:23:33,960 --> 00:23:36,800 Speaker 1: is that there is this rivalry between bitcoin and gold, 483 00:23:37,119 --> 00:23:39,199 Speaker 1: and I like to tell people that we're fighting the 484 00:23:39,280 --> 00:23:42,080 Speaker 1: same enemy. Right if you're a gold bug or you're 485 00:23:42,119 --> 00:23:46,040 Speaker 1: a bitcoin bitcoin er, we are both fighting against fiat currency. 486 00:23:46,400 --> 00:23:49,920 Speaker 1: We are both fighting against government's runaway spending. So from 487 00:23:49,920 --> 00:23:53,639 Speaker 1: that perspective, we're fighting the same fight. Um yeah, I 488 00:23:53,640 --> 00:23:56,760 Speaker 1: mean then they can fight amongst themselves. And so you know, 489 00:23:56,840 --> 00:23:59,240 Speaker 1: bitcoiners say that gold is not portable and it's hard 490 00:23:59,280 --> 00:24:01,920 Speaker 1: to store and its transport and gold people say yeah, 491 00:24:01,960 --> 00:24:03,760 Speaker 1: but the government could get to you know, and I 492 00:24:03,840 --> 00:24:05,159 Speaker 1: say could get to it. So I mean they have 493 00:24:05,200 --> 00:24:08,919 Speaker 1: that in a rivalry. But from my perspective, I believe 494 00:24:08,960 --> 00:24:13,919 Speaker 1: that bitcoin is is technology. It's an invention, and I 495 00:24:13,920 --> 00:24:17,720 Speaker 1: believe it's the greatest technology that's ever been invented that's 496 00:24:17,720 --> 00:24:20,359 Speaker 1: going to have the most radical shift on human and 497 00:24:21,119 --> 00:24:24,879 Speaker 1: humans mankind that's ever been seen before. For the first 498 00:24:24,880 --> 00:24:30,679 Speaker 1: time in history, we have a global decentralized trust network 499 00:24:31,440 --> 00:24:35,919 Speaker 1: that we can store and transfer value person to person 500 00:24:36,000 --> 00:24:39,800 Speaker 1: without a central party or third party administrator. It's never 501 00:24:39,840 --> 00:24:42,520 Speaker 1: been done ever in the history of the world. And 502 00:24:42,720 --> 00:24:44,879 Speaker 1: I don't think that people understand how big that is, 503 00:24:44,880 --> 00:24:46,679 Speaker 1: because they don't really understand how the system works. And 504 00:24:46,680 --> 00:24:49,479 Speaker 1: you talk about the dollar, the dollars based off of trust. 505 00:24:50,040 --> 00:24:51,680 Speaker 1: If one percent of the people went to the bank 506 00:24:51,720 --> 00:24:53,240 Speaker 1: tomorrow and pull their cash out of the bank, the 507 00:24:53,359 --> 00:24:57,720 Speaker 1: entire banking system collapses. We trust that the system is there. 508 00:24:58,080 --> 00:25:02,040 Speaker 1: We trust are politicians not to mess up our currency. 509 00:25:02,119 --> 00:25:06,040 Speaker 1: We trust Facebook not to sell our data. We trust 510 00:25:06,480 --> 00:25:08,359 Speaker 1: well as far ago not to add additional accounts on 511 00:25:08,400 --> 00:25:11,040 Speaker 1: to our thing or whatever. Right, but we trust all 512 00:25:11,040 --> 00:25:14,280 Speaker 1: these institutions, these third parties. But it's it's breaking out. 513 00:25:14,359 --> 00:25:17,119 Speaker 1: We can't trust anybody. And so bitcoin gives us a 514 00:25:17,320 --> 00:25:20,879 Speaker 1: trust lists for the first time in history. They've solved 515 00:25:21,320 --> 00:25:25,320 Speaker 1: a technological problem. It's called the Byzantine General's fault system. 516 00:25:25,359 --> 00:25:29,399 Speaker 1: We're basically we don't have to trust anybody because a 517 00:25:29,480 --> 00:25:34,639 Speaker 1: network of computers does all the consensus for us. So 518 00:25:34,720 --> 00:25:38,200 Speaker 1: it solves this trust issue. And I don't think people 519 00:25:38,280 --> 00:25:41,480 Speaker 1: understand how big that is. And so imagine that we 520 00:25:41,520 --> 00:25:43,800 Speaker 1: have this global trust less network that we can store 521 00:25:43,880 --> 00:25:45,760 Speaker 1: and transfer as much values we want person to person. 522 00:25:46,040 --> 00:25:51,040 Speaker 1: And today it's only worth two hundred billion dollars. It's 523 00:25:51,040 --> 00:25:54,439 Speaker 1: worth about a third of Facebook one company. Imagine we 524 00:25:54,480 --> 00:25:57,840 Speaker 1: have this revolution, this technological revolution, and it's worth a 525 00:25:57,920 --> 00:26:00,480 Speaker 1: third of Facebook. It's worth a lot more than Facebook. 526 00:26:00,520 --> 00:26:01,680 Speaker 1: I don't know what it's worth, but it's worth a 527 00:26:01,680 --> 00:26:03,840 Speaker 1: lot more than Facebook. So anyway, if that, if that 528 00:26:03,880 --> 00:26:05,480 Speaker 1: sums it up, that's kind of why I'm bullish on it. 529 00:26:05,480 --> 00:26:08,880 Speaker 1: It's like gold. It allows us to opt out of 530 00:26:08,520 --> 00:26:11,000 Speaker 1: the financial system. So instead of having my money sitting 531 00:26:11,040 --> 00:26:12,360 Speaker 1: in the bank, I can put it into gold, take 532 00:26:12,400 --> 00:26:14,119 Speaker 1: it out of the financial system. Or I can put 533 00:26:14,200 --> 00:26:16,680 Speaker 1: into bitcoin, and it's also out of the financial system. 534 00:26:16,720 --> 00:26:20,200 Speaker 1: But it's better than gold because it's portable. I can 535 00:26:20,240 --> 00:26:22,480 Speaker 1: easily transfer a dollar of it to you, or ten 536 00:26:22,520 --> 00:26:25,159 Speaker 1: dollars or ten million dollars or a hundred billion dollars 537 00:26:25,160 --> 00:26:28,680 Speaker 1: to you instantly. Gold Try to move a billion dollars 538 00:26:28,720 --> 00:26:31,119 Speaker 1: of gold, and it's not gonna happen, right, And I 539 00:26:31,119 --> 00:26:34,600 Speaker 1: can't spend a dollar worth of gold either, So it's 540 00:26:34,600 --> 00:26:37,960 Speaker 1: way more divisible, it's way more portable. Um, but I'm 541 00:26:38,000 --> 00:26:40,560 Speaker 1: not But gold has five thousand years of history, so 542 00:26:40,600 --> 00:26:43,159 Speaker 1: you can't overlook that. But bitcoin has ten and that 543 00:26:43,320 --> 00:26:45,520 Speaker 1: that's that's nothing small either. But I'm not here to 544 00:26:45,600 --> 00:26:49,000 Speaker 1: choose which one is better. I own both. Why wouldn't you? 545 00:26:49,800 --> 00:26:51,719 Speaker 1: Why do you have to choose the winner? Why not 546 00:26:52,160 --> 00:26:54,399 Speaker 1: be on both? Well? Mark Moss has been great. Have 547 00:26:54,520 --> 00:26:57,040 Speaker 1: you here or rethinking a dollar? For those that may 548 00:26:57,040 --> 00:26:58,880 Speaker 1: not be familiar with your work, can you direct them 549 00:26:58,920 --> 00:27:01,280 Speaker 1: to your work? How to stand to what you have 550 00:27:01,359 --> 00:27:04,800 Speaker 1: going on? To be a blessed to you? Yeah, definitely. So, 551 00:27:04,920 --> 00:27:06,480 Speaker 1: I mean the best way is just go to YouTube 552 00:27:06,480 --> 00:27:08,359 Speaker 1: and type in Mark Moss. I have a channel there 553 00:27:08,680 --> 00:27:11,200 Speaker 1: and uh talk about all these types of topics, just 554 00:27:11,440 --> 00:27:14,080 Speaker 1: uh the end of the dollar and whatnot. So, um, 555 00:27:14,119 --> 00:27:15,879 Speaker 1: go there, check out my last couple of videos. I 556 00:27:15,960 --> 00:27:17,800 Speaker 1: have a link to a free report that you can 557 00:27:17,840 --> 00:27:20,400 Speaker 1: download that talks about these four pillars. I think it's 558 00:27:20,400 --> 00:27:22,160 Speaker 1: like a twenty page report. I kind of went crazy 559 00:27:22,160 --> 00:27:23,720 Speaker 1: on it, but basically it talks about each of these 560 00:27:23,720 --> 00:27:26,159 Speaker 1: four areas and goes into depth and shows you, like 561 00:27:26,200 --> 00:27:29,320 Speaker 1: different portfolio breakdowns of where you might be. So it's 562 00:27:29,320 --> 00:27:31,119 Speaker 1: a free resources for you guys. Just I want to 563 00:27:31,400 --> 00:27:33,760 Speaker 1: I want to make sure everybody sees the silver lining 564 00:27:33,800 --> 00:27:36,280 Speaker 1: behind what's happening and and takes advantage of the opportunity. 565 00:27:36,320 --> 00:27:38,879 Speaker 1: So go to YouTube type of Mark Moss, go to 566 00:27:38,880 --> 00:27:42,520 Speaker 1: Twitter number one, Mark Moss. Those probably the best ways 567 00:27:42,520 --> 00:27:44,600 Speaker 1: to keep up sounds good. We want to get Mark. 568 00:27:44,600 --> 00:27:46,200 Speaker 1: It has been great hanging out with you and definitely 569 00:27:46,280 --> 00:27:48,959 Speaker 1: thank you for sharing your perspective on where we're at 570 00:27:48,960 --> 00:27:51,200 Speaker 1: and where we're heading uh, in this economy, in this world. 571 00:27:51,240 --> 00:27:52,920 Speaker 1: So once again some great having on the show. Look 572 00:27:52,920 --> 00:27:56,640 Speaker 1: forward to continue to stay in touch with you. Thanks Mike. Hey. 573 00:27:56,720 --> 00:27:59,640 Speaker 1: If you like this episode of the Market Disruptors podcast, 574 00:28:00,040 --> 00:28:02,239 Speaker 1: ease help us take this to the top of the 575 00:28:02,240 --> 00:28:05,120 Speaker 1: podcast charts. Just please do me a favor and rate, 576 00:28:05,200 --> 00:28:08,560 Speaker 1: review and subscribe. Taking fifteen seconds to just leave a 577 00:28:08,600 --> 00:28:11,120 Speaker 1: quick review goes a long way and helping us reach 578 00:28:11,160 --> 00:28:14,320 Speaker 1: more people and disrupt more markets. I really appreciate you 579 00:28:14,359 --> 00:28:16,520 Speaker 1: listening and I'll see you next time on the Market 580 00:28:16,520 --> 00:28:17,560 Speaker 1: Instructors podcast.