Speaker 1: Hello, and welcome to another episode of The Mark Moss Show,
Speaker 1: where we're talking about, of course, the decentralized revolution, talking
Speaker 1: about the way the world is changing, and we look
Speaker 1: at it through the lens of politics, finance, and technology,
Speaker 1: because when we look at those three we see the
Speaker 1: world in better context. The world is what we call
Speaker 1: a complex system, and so complex systems, you can't just
Speaker 1: look at one part. You have to look at them
Speaker 1: in context to each other, the economy, the markets, the
Speaker 1: human body, etc. And so we're looking at this through
Speaker 1: through the lens of those three things. Of course, the
Speaker 1: technology we look at is bitcoin. It's the decentralized technology
Speaker 1: that is changing the world, not just money, but changing
Speaker 1: the world of course, fix the money, fix the world,
Speaker 1: as we like to say. And man, there's always so
Speaker 1: much news. It makes my job being pretty easy because
Speaker 1: there's always so much to talk about. And I want
Speaker 1: to run through some of the biggest news stories that
Speaker 1: happened this week, and so let's let's dig into those now.
Speaker 1: Of course, we like to talk about bitcoin, the decentralized technology,
Speaker 1: fixing the money, fixing the world, and so it's been
Speaker 1: a there's there's been a lot of movement to talk
Speaker 1: about in bitcoin Now, I often say that talking about
Speaker 1: the price is one of the least interesting pieces about
Speaker 1: bitcoin when you're looking at new technologies. If you're I
Speaker 1: was a venture well not if I am a venture
Speaker 1: capital investor, and I like to look at I like
Speaker 1: to invest into these companies. And you know, my timetable
Speaker 1: is typically seven to ten years. You're in a lock
Speaker 1: up period. We have to wait till there's liquidity event,
Speaker 1: the go public, something like that. And so because there's
Speaker 1: no price on the company itself, they're not being marked
Speaker 1: to market. How do I know if the company is
Speaker 1: doing good? Well, I look, are they growing their user base,
Speaker 1: are they developing on it, etc. And so I like
Speaker 1: to look at bitcoin from that lens. But we saw
Speaker 1: this week that the price was moving a little bit,
Speaker 1: and it's interesting because it's moving based off of the
Speaker 1: US government's holdings of bitcoin. Now, a lot of you
Speaker 1: maybe don't know this, but the United States government is
Speaker 1: sitting on a lot of bitcoin. As a matter of fact,
Speaker 1: most of the government of the world are sitting on
Speaker 1: lots of bitcoin. Of some of the governments, including China
Speaker 1: and another one, are sitting on almost two hundred thousand bitcoin,
Speaker 1: not a small amount, a big amount. It's a matter
Speaker 1: of fact. The US government sits on lots of bitcoin
Speaker 1: that they have taken from different people at different times
Speaker 1: in seizures and things like that. Now, I do want
Speaker 1: to just say that bitcoin cannot be seized, all right,
Speaker 1: Bitcoin cannot be seized. It is what's called censorship resistant.
Speaker 1: If I have it, nobody can take it from me
Speaker 1: unless they get my key, unless they get my private key.
Speaker 1: So whenever you hear about the government took someone's bitcoin,
Speaker 1: it's because they got their private key. Now, how do
Speaker 1: they get their private key? Well, there's any number of
Speaker 1: ways I could give it to the government in exchange
Speaker 1: for you a lighter sentence or something like that. In
Speaker 1: some cases, they've raided people's houses and their computer was
Speaker 1: open and it was just sitting there on their computer.
Speaker 1: If you if you were if you had gold, you know,
Speaker 1: imagine you had gold and you went in the old days, right,
Speaker 1: and you went and buried it out in the dirt somewhere,
Speaker 1: and you made a map, a map to where you
Speaker 1: bury that gold. Well, if someone found your map, they
Speaker 1: would go find your gold. So the goal would be
Speaker 1: to hide your map and not give the map up.
Speaker 1: If someone knew you had gold, they maybe come grab
Speaker 1: you and torture you until you gave up your map. Right,
Speaker 1: But if they don't have the map, they can't get
Speaker 1: the gold. And the same is true with bitcoin. If
Speaker 1: they don't have your key, they can't get the bitcoin.
Speaker 1: So the government has taken bitcoin, yes, but only because
Speaker 1: they've gotten the key. So the key, the key, the
Speaker 1: key is hide your key, right, the key is high
Speaker 1: to key one. Never put your private key into a computer.
Speaker 1: Don't do that. Hackers could get it. Don't put it
Speaker 1: on the internet, don't put it into Google docs, don't
Speaker 1: put it into Evernote, don't put in the computer. Don't
Speaker 1: put an Evernote. Unfortunately, you got to do the old
Speaker 1: fashioned way. Put it on a piece of paper and
Speaker 1: then hide that piece of paper. Now you can put
Speaker 1: it into multiple safety deposit boxes. You know. You could
Speaker 1: tear it into pieces and put in safe too bock boxes.
Speaker 1: You could hide it in a book on your shelf.
Speaker 1: You could turn it into pictures and put them under
Speaker 1: your walls. There's any number of ways to do that.
Speaker 1: You can use a multi signature wallet setup where you
Speaker 1: have like three different keys and the person trying to
Speaker 1: get it from you would have to get all three keys,
Speaker 1: which could be impossible if you hide them properly. So anyway,
Speaker 1: but the US government has this bitcoin, and it looks
Speaker 1: like the US government might be preparing to potentially sell
Speaker 1: the bitcoin, which I would say it's probably a big mistake.
Speaker 1: I think the US government should hang on to the
Speaker 1: bitcoin they have. I'm a hoddler. I think the government
Speaker 1: should be a hoddler as well. But the government has
Speaker 1: one billion dollars worth of bitcoin and they transferred it
Speaker 1: and it's caused the price of bitcoin to dip. US
Speaker 1: authorities transferred one billion dollars worth of bitcoin recovered from
Speaker 1: a dark web hack to a new wallet address, including
Speaker 1: one owned by coin base. Now, like I said that,
Speaker 1: some people are thinking of the government, it might sell that,
Speaker 1: and it's why they're afraid the price it might dip down.
Speaker 1: Nearly ten thousand bitcoins were sent to coin based controlled wallets,
Speaker 1: while roughly forty one thou bitcoins were directed to government
Speaker 1: controlled wallets. Now, we don't know what's going to happen.
Speaker 1: They haven't told us, so all we're left is to speculate.
Speaker 1: In a previous segment, earlier, I was talking about truth,
Speaker 1: and you know, truth and transparency. So when they don't
Speaker 1: tell us the truth, they're not transparent. We're left to
Speaker 1: speculate here, So we don't know. But we do know
Speaker 1: is that historically the government hasn't really just dumped tokens
Speaker 1: on the public market like that. Typically what they do
Speaker 1: after they've seized digital assets is they sell them out
Speaker 1: of auction. In two and fourteen, and then also in
Speaker 1: two thousand and fifteen, the government auctioned off bitcoin that
Speaker 1: was seized from the owner of a virtual black market
Speaker 1: platform called silk Road, And as a matter of fact,
Speaker 1: the founder of silk Road, Ross olbrich Is, has been
Speaker 1: in prison ever since and he's facing multiple life sentences.
Speaker 1: So he founded a place where people could buy drugs
Speaker 1: online with bitcoin, and he's facing multiple life sentences. Meanwhile,
Speaker 1: we have murderers and rapists getting out in fractions of
Speaker 1: that time, getting out released to the public. Yet he's
Speaker 1: facing multiple life sentences. You can tell a lot about
Speaker 1: the government by the crimes they choose to enforce. Do
Speaker 1: they enforce crimes against their citizens who they're supposed to
Speaker 1: be in protect harsher or do they protect or do
Speaker 1: they are they more harsh on crimes against the government themselves.
Speaker 1: That tells you kind of everything you need to know. Anyway,
Speaker 1: what we can see is that the movement of soak
Speaker 1: road bitcoin to coin base is almost definitely being done
Speaker 1: with some intention to sell these tokens. At least that's
Speaker 1: what people think. Now. The speculation part is can the
Speaker 1: market absorb that if they were to dump those onto
Speaker 1: the market? Now, most most investors that had that type
Speaker 1: of type of money, or I should say not investors,
Speaker 1: but how there's people that had that much bitcoin would
Speaker 1: never dump all that bitcoin on the market because they
Speaker 1: know would crush the market. We'll see him another Another
Speaker 1: fun piece on bitcoin I saw this week isn't so
Speaker 1: much about bitcoin itself, but more about why why would
Speaker 1: we need bitcoin? I think Nobel Prize winning economist Paul Krugman,
Speaker 1: who I don't know why anybody listens to him. He's
Speaker 1: been wrong over and over and over. He famously said
Speaker 1: that the Internet would have no greater impact on society
Speaker 1: than the fax machine. So he's been wrong, obviously, but
Speaker 1: it was funny this week he tweeted out he said,
Speaker 1: I've been using Venmo for years, but now won't allow
Speaker 1: me to make payments. I spent a long time in
Speaker 1: chat with representatives and they told me that they can't
Speaker 1: explain why or fix it. The software has taken control.
Speaker 1: So he vented onto Twitter publicly that he's not able
Speaker 1: to access or send his own money, that he is
Speaker 1: being censored by Venmo, being rugged, and maybe he's starting
Speaker 1: to learn the value of bitcoin. You see, Bitcoin is permissionless.
Speaker 1: Anybody can download a wallet, send him receive money. There's
Speaker 1: no Venmo or PayPal that can censor you or stop it,
Speaker 1: or block it or prevent it or lock you out
Speaker 1: now here. He is publicly stating his dissatisfaction that he
Speaker 1: can send his own money, he can't access his own money.
Speaker 1: Of course, Venmo is a centralized payments tool, maybe potentially
Speaker 1: one of the worst out there from a public from
Speaker 1: a privacy standpoint, But I just thought it was funny
Speaker 1: that all of a sudden, he's realizing that maybe there's
Speaker 1: a need for having something that's permissionless and censorship resistants
Speaker 1: of lots of funny tweets and replied him someone asking
Speaker 1: were you trying to buy drugs or an assassination? Like,
Speaker 1: what were you trying to do here? So Paul Krugman
Speaker 1: is wrong, but maybe he is starting to wake up
Speaker 1: to the problem at hand. It'd be funny to keep
Speaker 1: an eye on this. If you're just tuning in your
Speaker 1: listening to the Mark Moss Show, we talk about the
Speaker 1: decentralized revolution through the lens of politics, finance, and technology.
Speaker 1: We're running through some of the yeah, maybe some of
Speaker 1: the biggest news headlines that happened this week. To give
Speaker 1: you an idea, I'd like to call him signposts, so
Speaker 1: you can see the world changing and transforming right before
Speaker 1: our eyes. A lot of people want to win. Will
Speaker 1: this happen? Mark Win? And I'm like, it's happening right now,
Speaker 1: can't you see it? And so we're walking through that.
Speaker 1: I have a lot more to cover. We're gonna cover
Speaker 1: the economy, some things that the Funnel Reserve said, anti
Speaker 1: woke stuff, and more. Don't go away, I'll be right back,
Speaker 1: all right, Welcome back. If you're just tuning in, you're
Speaker 1: listening to the Mark Moss Show, we talk about the
Speaker 1: decentralized revolution, and we are running through some of the
Speaker 1: latest breaking news headlines this week, so we can see
Speaker 1: exactly how far along and how fast we are moving
Speaker 1: through this decentralized revolution. We're look at through the lens
Speaker 1: of politics, finance, and technology, and talking about finance, man,
Speaker 1: we are going to do some uncharted territory. We have
Speaker 1: to spend a couple minutes here because there is a
Speaker 1: lot going on. It's something I've been talking about over
Speaker 1: and over and over. Of course, the big topic for
Speaker 1: the last like two years has been inflation. Inflation, inflation,
Speaker 1: which basically means prices are going up and the cost
Speaker 1: of living is going up. And that's a big problem
Speaker 1: for the FED because the FED wants there to be
Speaker 1: a two percent inflation. Now, the funny thing is is
Speaker 1: that if two percents good like, wouldn't a little bit
Speaker 1: more be better? Well, it's certainly be better for them,
Speaker 1: it would inflate away their debt faster. But the problem
Speaker 1: is that it makes life harder on me and you
Speaker 1: and you know, my gas is higher, my food is higher,
Speaker 1: and things like that, and eventually the people aren't happy
Speaker 1: and the people start to grumble. And so the FED is,
Speaker 1: you know, committed to bringing down inflation. The problem is,
Speaker 1: as they're committed to bringing down inflation, the part that
Speaker 1: they're not really saying out loud. But I've been saying
Speaker 1: out loud, I've been shouting from my pulpit, on my
Speaker 1: YouTube channel and from the radio show podcast, is that
Speaker 1: the FED wants to make you broke. That's what they're
Speaker 1: not saying. The FED wants to make you broke. I'm
Speaker 1: gonna I'm gonna explain that to you, but before you know,
Speaker 1: we have to look at the FED just met and
Speaker 1: what happened. And basically Jerome Powell, the head of the FED,
Speaker 1: said that today, well, we need to be prepared to
Speaker 1: go to higher rates. The economy is still too good
Speaker 1: and so we will need to raise rates more. Jerome
Speaker 1: Powell says the FED is prepared to speed up interest
Speaker 1: rate rises higher than previously thought to fight inflation because
Speaker 1: you know, the economy is just still doing too good.
Speaker 1: Apparently now I don't know what metrics he's looking at.
Speaker 1: Actually I kind of do know what metrics he's looking at.
Speaker 1: But the metrics that I'm looking at show us that
Speaker 1: we are headed for massive disaster. And what kind of
Speaker 1: metrics are those? What we can see that the savings
Speaker 1: rate has comp letly falling off a cliff. As a
Speaker 1: matter of fact, the amount of money that US Americans
Speaker 1: are saving is just going down like a plane that's
Speaker 1: at going for a crash landing. And at the same
Speaker 1: time we have savings going down, we have personal consumption
Speaker 1: or personal credit going through the roof. What does that
Speaker 1: tell us? That means that the average person is living
Speaker 1: off of credit. It's not good. We can also see
Speaker 1: that mortgage demand from home home buyers has dropped to
Speaker 1: its lowest levels in thirty years, not since two thousand
Speaker 1: and eight, in thirty years. Mortgage applications to purchase at
Speaker 1: home drop six percent last week compared to the previous week.
Speaker 1: Seasonally adjusted, the volume was forty four percent lower than
Speaker 1: the same week a year ago and sitting at a
Speaker 1: twenty eight year low. Man, So that's not good. Now
Speaker 1: you're not buying a home. What do you care? Well,
Speaker 1: you care because if people aren't buying new homes, then
Speaker 1: that affects all the realtors and the mortgage brokers, and
Speaker 1: the furniture companies and the remodel companies, and the contractors,
Speaker 1: and the lumber stores and the and Ford who makes
Speaker 1: trucks for the contractors. It affects everybody and then all
Speaker 1: of those But you say you don't in any of
Speaker 1: those businesses, well, all of those people that work in
Speaker 1: those businesses down't have money to come now and spend
Speaker 1: your business. See how that works. We're all tied together.
Speaker 1: So this is a really big deal. Of course, a
Speaker 1: lot of that has been driven by the rates going
Speaker 1: up on homes. The one thing I think is an
Speaker 1: interesting to understanding I talk about all the time. There's
Speaker 1: no such thing as the real estate market. There's thousands
Speaker 1: of real estate markets, and there's a really big discrepancy
Speaker 1: between the existing home market and the new home market.
Speaker 1: The new homes market makes up about fifteen percent of
Speaker 1: the total real estate market. And what we've seen is
Speaker 1: that the existing home market hasn't really gone down that
Speaker 1: much because people don't want to sell. Why do I
Speaker 1: want to sell and get rid of my three percent
Speaker 1: mortgage and then go get seven percent mortgage today? Of
Speaker 1: course they don't want to do that, and so really
Speaker 1: it's the new homes that are starting that are really
Speaker 1: starting to drop off. But as we see this coming down,
Speaker 1: we see, like I said, savings rates going down, credit
Speaker 1: card debt going up, we see, you know, the housing
Speaker 1: market looking like it's crashing. The FED is out here
Speaker 1: saying that well, we need to lift rates higher because
Speaker 1: the inflation is not going down. Now, I've been saying
Speaker 1: for a long time. The problem is that they are
Speaker 1: fighting a war they can't win because there's two types
Speaker 1: of inflation. Really, it's stupid to even break them down
Speaker 1: this way. But according to the economists, is how it's done.
Speaker 1: You have what's demand pull or cost push. So demand
Speaker 1: pull is when you have way too much money and
Speaker 1: there's too much demand, and all this demand is trying
Speaker 1: to buy a limited amount of goods. That demand starts
Speaker 1: pulling the prices higher. Then there's cost push, where the
Speaker 1: cost of my labor, the caut most of my goods
Speaker 1: went up and it pushes the prices higher. We have
Speaker 1: been seeing a cost push inflation, meaning supply chains broke down.
Speaker 1: The cost of getting commodities out of the ground has
Speaker 1: gone up. Gas went up, oil went up. You can't
Speaker 1: drive the tractors is cheap anymore to deliver the goods.
Speaker 1: It went up. It's pushing the prices up. Labor went up, right,
Speaker 1: so it's pushing the prices up. The problem is the
Speaker 1: FED is fighting inflation, but inflation is being caused by
Speaker 1: cost push. But they can't affect that site. The only
Speaker 1: thing they can affect is the demand pull. So they're
Speaker 1: trying to crush demand by making you broke. Now again,
Speaker 1: they haven't said that I'm saying it, but now I'm
Speaker 1: not the only one saying it. As a matter of fact,
Speaker 1: somebody that I do not like and do not really
Speaker 1: agree with at all, Senator Elizabeth Warren, has come out
Speaker 1: and said as much as a matter of fact, I
Speaker 1: got a couple of clips for you. I want to
Speaker 1: play because it is like I can't even believe that
Speaker 1: she's saying this, And so let's take a listen to
Speaker 1: this clip from Senator Elizabeth Warren right here, and then
Speaker 1: we'll talk about it. The FED has raised interest rates
Speaker 1: eight times over the last year and what has been
Speaker 1: the most extreme rate height cycle in forty years. The
Speaker 1: Fed's goal is to slow inflation, and your tool, raising
Speaker 1: interest rates is designed to slow the economy and throw
Speaker 1: people out of work. So far, you haven't tipped the
Speaker 1: economy into recession, but you haven't brought inflation entirely under
Speaker 1: control either. And maybe the reason for that is that
Speaker 1: other things are also keeping prices high. Things you can't
Speaker 1: fix with high interest rates, things like price gouging and
Speaker 1: supply chain pinks and a war in Ukraine. But you're
Speaker 1: determined to continue to raise interest rates, so I want
Speaker 1: to take a look at where you're headed. So, as
Speaker 1: I said, Senator Elizabeth Warren is somebody I typically do
Speaker 1: not agree with at all, but she actually nails this
Speaker 1: one pretty damn good. Now, she says that it's a
Speaker 1: cost push problem. I don't agree with everything that she's
Speaker 1: aligned on that side of the cost problem. So she
Speaker 1: talks about price gauging. For example, she went on the
Speaker 1: war path saying that Turkey companies were gauging you on
Speaker 1: the price of your Thanksgiving turkey. That's not the way
Speaker 1: markets work. If one company was trying to gauge you
Speaker 1: on a price, then another company would come and sell
Speaker 1: you at a lower price. That's how competition works. So
Speaker 1: competition doesn't allow for price gauging. So I don't agree
Speaker 1: with that. However, she is right it's a cost push problem,
Speaker 1: and a lot of it is because of the cost
Speaker 1: of prices going up oil commodities, et cetera. But also
Speaker 1: supply chains, so you got that part right. Also, you know,
Speaker 1: they blamed a lot of this problem on the war
Speaker 1: in Russia and Ukraine, which is also part of the problem.
Speaker 1: War is highly inflationary. War disrupts things. Any disruption in
Speaker 1: our global supply chains causes prices to go up. Any
Speaker 1: uncertainty that's brought into the market is inflationary and causes
Speaker 1: things to go back up. Now I have a couple
Speaker 1: more clips of this interview with Elizabeth Warren and Jerome
Speaker 1: Powell Man. She nails us. I'm going to be back
Speaker 1: with more and I have some stuff from Senator Kenny.
Speaker 1: You do not want to miss it. I gotta take
Speaker 1: a quick break. I'm gonna come back. Don't go away,
Speaker 1: You're gonna love it. We're back, all right, Welcome back.
Speaker 1: If you just tune in, you are listening to the
Speaker 1: Mark Moss Show. We're talking about, of course, the decentralized Revolution.
Speaker 1: I'm running through some of the latest breaking news headlines,
Speaker 1: and we are talking about the economy, and we're talking
Speaker 1: about the markets, the global markets, and what the Federal
Speaker 1: Reserve is trying to do. Now. As I said, they
Speaker 1: are trying to stop inflation, but what they're really doing
Speaker 1: is to a war against you. I was playing some
Speaker 1: clips from Senators with Warren. Somebody who I never agree
Speaker 1: with and I couldn't believe that she said the quiet
Speaker 1: part out loud, but she basically said that the inflation
Speaker 1: is being caused by something that you do not the FED.
Speaker 1: The FED does not have the tools to fix. So
Speaker 1: I agree with that. Let's let's listen to this next
Speaker 1: clip here, we'll talk about that. According to the FEDS
Speaker 1: on report, if you'll continue racing interest rates as you plan,
Speaker 1: unemployment will be four point six percent by the end
Speaker 1: of the year, more than a full point higher than
Speaker 1: it is today. Chair Pow. If you hit your projections,
Speaker 1: do you know how many people who are currently working
Speaker 1: going about their lives will lose their jobs? I don't.
Speaker 1: I don't have that number in front of me. I
Speaker 1: will say it's it's well, but it is, and it's
Speaker 1: in your report. And that would be about two million
Speaker 1: people who would lose their jobs, people who are working
Speaker 1: right now making their mortgages. M So he said, that's
Speaker 1: not an intended consequence. She says, well, it is, it's
Speaker 1: in your report. So there's a report that came out
Speaker 1: from the FED basically talking about how they're trying to
Speaker 1: engineer recession, and it talks about historically what happens, and
Speaker 1: it talks about um. Every time they raise rates what
Speaker 1: that does to the unemployment. And so she's saying that
Speaker 1: if they continue on this path, we're going to get
Speaker 1: where we have. Unemployment rate is too low. You having
Speaker 1: a job. Let me, let me explain to you. You
Speaker 1: having a job and you getting paid more to do
Speaker 1: your job to keep up with it with inflation is
Speaker 1: a problem for the Fed. The FED wants two million
Speaker 1: people to lose their jobs. Two million. She went on
Speaker 1: to say, what do you want to say to them?
Speaker 1: What do you want to say those two million people? Uh? Sorry,
Speaker 1: you just have to lose your job. That's just the
Speaker 1: way it is. Um. Listen this next clip here, there
Speaker 1: have been twelve times in which the unemployment rate has
Speaker 1: increased by one percentage point within one year, exactly what
Speaker 1: you're aiming to do right now. How many of those
Speaker 1: times did the US economy avoid falling into a recession?
Speaker 1: You know, it's it's not as black and white as
Speaker 1: very us the book on this. Since there's been twelve
Speaker 1: times that we've seen a one point increase in the unemployed,
Speaker 1: in the unemployment rate in a year, that's exactly what
Speaker 1: your FED report has put out as the projection and
Speaker 1: the plan based on how you're going to keep raising
Speaker 1: these entry strates. How many times did the economy fail
Speaker 1: to fall into a recession after doing that? Out of
Speaker 1: twelve times, I think the number zero. I think the
Speaker 1: number is zero. That's exactly right. So what happens if
Speaker 1: we go down this path? For them to have any movement,
Speaker 1: they need two million people to lose their jobs. They
Speaker 1: need you to be paid less wages than you're being
Speaker 1: paid now. And of the last twelve times that unemployment
Speaker 1: has gone up by one percent, it's gone into a recession.
Speaker 1: They're not saying that, but I've been saying it for
Speaker 1: a year. Senator Elizabeth Warren is finally getting it. Are
Speaker 1: you getting it? Of course? My high horse that I'm
Speaker 1: going to rant on is in the fed. Ron Paul
Speaker 1: really kind of got me radicalized with his campaign to
Speaker 1: end the FED. It's really what brought my attention to
Speaker 1: this and to think of the insanity of this world
Speaker 1: that we're in where we have an unelected group of
Speaker 1: people who are controlling the money, whose goal it is
Speaker 1: to create a recession, and for two million people to
Speaker 1: lose their jobs. Now do those two million people have
Speaker 1: mortgages and car payments. What happens to their life, what
Speaker 1: happens to their credit? What happens to their kids? Oh?
Speaker 1: I guess that would I don't know. I guess it's
Speaker 1: just an inconsequential thing that just has to happen twelve
Speaker 1: out of twelve times. This is where we're going from.
Speaker 1: I have another clip here, last one I'm going to
Speaker 1: play for you, Senator Kennedy, and he nails this one,
Speaker 1: and he really goes in to show you exactly how
Speaker 1: bad this can get. Let's listen to this clip. You're
Speaker 1: trying to achieve just inflation, are you not? Yes, we are, okay,
Speaker 1: based on history, in the ten times that we got
Speaker 1: inflation down disinflation since the nineteen fifties, in order to
Speaker 1: reduce inflation by two percent, unemployment I had to go
Speaker 1: up three point six percent. Now that's history, is it not.
Speaker 1: I don't have the numbers in front of me, but yes,
Speaker 1: the standard has been that there have been recessions and downturns.
Speaker 1: CAFET has tried to reduce him. Now, right now, the
Speaker 1: current inflation rates six point four percent, in the current
Speaker 1: unemployment rates three point four percent. Now if history is right.
Speaker 1: I'm not asking you to a game blame anybody, but
Speaker 1: if history is right, unless you get some help, in
Speaker 1: order to get inflation down from six point four percent
Speaker 1: to let's say four point four percent, and the unemployer
Speaker 1: rate is gonna have to rise to seven percent based
Speaker 1: on history, that's what the record would say, okay, And
Speaker 1: to get inflation down to two point two percent, based
Speaker 1: on your street an immutable fact, unemployment would have to
Speaker 1: go to ten point six percent, would it not. I wouldn't.
Speaker 1: I wouldn't do. That's what the record show. That's what
Speaker 1: the history shows. Yeah, this is where we're going. The
Speaker 1: FED hates you. Let me let me. Let me just
Speaker 1: say that again. The FED hates you. Their goal is
Speaker 1: to make ten million people unemployed, ruin their credit, get
Speaker 1: rid of their jobs, destroy their kids future. That's their goal.
Speaker 1: It's their goal. It's the only way if they want
Speaker 1: to get inflation down to two point two percent, history
Speaker 1: shows and platient and unemployment will have to go from
Speaker 1: three point five percent to ten point six percent. Millions
Speaker 1: and millions and millions of people's lives will be destroyed.
Speaker 1: Why let me ask you, why now? Why do we
Speaker 1: have this inflation. Well, if we go back to the
Speaker 1: Austrian school definition of what inflation is, inflation is an
Speaker 1: increase in the money supply. This is super simple. These
Speaker 1: economists try to make it super difficult. It's actually very simple.
Speaker 1: If you have more money chasing the same amount of goods,
Speaker 1: prices go up. If there's one house for sale and
Speaker 1: there's ten people trying to buy that house, the price
Speaker 1: of the house goes up. So when you increase the
Speaker 1: money you have more money, more buyers chasing the same
Speaker 1: amount of goods, prices go up. Inflation is not They've
Speaker 1: changed the definition. Inflation is not prices going up, prices
Speaker 1: going up. With prices going up. Inflation is when you inflate.
Speaker 1: When you increase, inflate Like a balloon. You inflate the balloon.
Speaker 1: You inflate, you increase the amount of air in a balloon.
Speaker 1: Inflation is when you increase the amount of money in
Speaker 1: the system. So when the FED prints money, the Fed
Speaker 1: and the government prints money. In the pandemic, almost eleven
Speaker 1: trillion dollars was pumped in. They inflated the money supply.
Speaker 1: The inflation of the money supply causes prices to go
Speaker 1: back up. Now they're trying to fight the inflation they caused,
Speaker 1: and in order to do that, they have to destroy
Speaker 1: millions and millions and millions of people's lives and their kids'
Speaker 1: lives and their credit. Now, of course, when all that
Speaker 1: happens and the cars get repoid and the car companies
Speaker 1: don't do good, and then they don't buy homes, and
Speaker 1: then all those builders don't have jobs, and they don't
Speaker 1: shop at your stores, it affects everybody. This is the
Speaker 1: entire economy. Unemployment at ten percent is unimaginable. That puts
Speaker 1: us at great depression levels. Now, he goes on to say,
Speaker 1: Senator Kenney goes on to say, we need to have
Speaker 1: a reduction in the money supply, both monetary which is
Speaker 1: what the FED controls, and the fiscal side, which means
Speaker 1: the government needs to stop spending so much money. Both
Speaker 1: of those are inflationary. Both the Fed and the Treasury
Speaker 1: have to stop spending money. Stop with the money in Ukraine,
Speaker 1: stop with the Omnibus Bill, spending, stop with the Inflation
Speaker 1: Reduction Act. All of those things are what's causing the
Speaker 1: price to go up. So while the Fed is trying
Speaker 1: to make you poorer, they're actively still spending money, which
Speaker 1: is still causing the problem. And as a Senator Warren said,
Speaker 1: you're trying to crush demand, but it's not a demand problem,
Speaker 1: and so it's not a war they can even win.
Speaker 1: If you're just tuning and you're listening to the Mark
Speaker 1: Moas Show talking about how the things are breaking down,
Speaker 1: breaking down the economy for you right now, I got
Speaker 1: a lot more to cover when I come back in
Speaker 1: a minute. Yeah, some good stuff. Don't go ahead, We're back,
Speaker 1: all right, Welcome back. If you're just tuning in, you're
Speaker 1: listening to the Mark Moas Show, we're talking about the
Speaker 1: decentralized revolution, the way the world is breaking apart from
Speaker 1: a centralized world to a decentralized world. I'm running through
Speaker 1: some of the latest breaking news headlines this week and
Speaker 1: I saw this news headline and it's something I've talked
Speaker 1: about before, but it's unfortunately it's making more and more
Speaker 1: stops in the news cycle and something that I just
Speaker 1: I can't ignore. I have to talk about, and it's
Speaker 1: this talk about these fifteen minute cities. Have you heard
Speaker 1: about that? Fifteen minute cities? Now, if you don't know
Speaker 1: what that means, Basically, they want to create these cities
Speaker 1: where everything you need is within a fifteen minute radius
Speaker 1: from your house. So everything you need, you know, your groceries,
Speaker 1: your dry cleaning, whatever, is all within a fifteen minute radius.
Speaker 1: So you don't have to have cars anymore. So you
Speaker 1: can basically walk or ride a bicycle everywhere you want
Speaker 1: to go. Now, this is the first that I really
Speaker 1: seen this actually in practice, was I believe, in Oxford, UK,
Speaker 1: and since then now it's starting to spread all around
Speaker 1: the world, including Canada and yes, even in the United States.
Speaker 1: This is coming Now, if you haven't heard about it,
Speaker 1: you will. It's coming to a city near you. And
Speaker 1: basically this goes into part of a bigger plan. Now
Speaker 1: they say that those don't know that, those don't know
Speaker 1: history are bound to repeat it. I wouldn't say this
Speaker 1: is so much history. It's a little bit. But you know,
Speaker 1: when it comes to power and control over information, which
Speaker 1: we talked about earlier, there's also power and control over
Speaker 1: your movement and your resources and things like that. What
Speaker 1: we know is if we go back and you look
Speaker 1: at something called Agenda twenty twenty, and now there's Agenda
Speaker 1: twenty thirty. These are documents that the UN has put
Speaker 1: out the United Nations, which, by the way, you know,
Speaker 1: the United Nations has way more influence over the United
Speaker 1: States than you may be realized, especially since Biden Obama
Speaker 1: has been back in office. But pour the UN they
Speaker 1: put these these documents out and so you can go
Speaker 1: read them, go to their website. I highly recommend that
Speaker 1: you do, and they tell you what their agenda is
Speaker 1: by that time. Now you've already seen, of course, no doubt.
Speaker 1: I've talked about many times, California, the United States, the UK, Ireland,
Speaker 1: all these countries they've they've put in these like net
Speaker 1: zero climate goals, and a lot of them are by
Speaker 1: getting rid of gasoline empowered cars. And you'll see by
Speaker 1: twenty thirty, by twenty thirty five, most of these nations
Speaker 1: say they won't you won't be allowed to sell them anymore,
Speaker 1: they won't make them, and the goal is to sort
Speaker 1: of get rid of cars. And if you look into
Speaker 1: a Jina twenty twenty thirty, you'll start to see that
Speaker 1: really what they want to do is get rid of
Speaker 1: cars altogether. And part of the reason why they want
Speaker 1: to get cars all together is because they want to
Speaker 1: restrict your movement. All these things for self driving cars
Speaker 1: will be they can just pick you up and take
Speaker 1: you at work. But there's no more like Sunday drive
Speaker 1: to go see your mom. And they want to push
Speaker 1: us into these cities. Now. Like I said, this is
Speaker 1: kind of something that's been growing and I've been seeing
Speaker 1: more and more. But I do want to tell you
Speaker 1: just a side note to this. While this plan is
Speaker 1: to get us all into the cities, now, China has
Speaker 1: been doing this for a long time. China has tried
Speaker 1: to move everybody from the farms into the cities. While
Speaker 1: the goal is to get us into these cities, and
Speaker 1: so we can't move around. We're just stuck in these
Speaker 1: cities and they can can kind of control us and
Speaker 1: manage us. Sometimes I get kind of scared about this.
Speaker 1: I get worried about it. I think that you know,
Speaker 1: at some point I've kind of figure out where you
Speaker 1: want to stay, and I'm just gonna be kind of
Speaker 1: stuck there. I have to tell you a side note,
Speaker 1: just a little antidotal, antidote story. I just got back
Speaker 1: from Jackson Hole, Wyoming. I was out in Jackson Hole, Wyoming.
Speaker 1: I went out there for a bitcoin ski week and
Speaker 1: a bunch of meetings out there, and then I decided
Speaker 1: to hang out for a couple extra days. I've never
Speaker 1: been there. I've always wanted to go there, and it
Speaker 1: was just so amazing. I had to stay for a
Speaker 1: couple extra days, and I've never been there. If you've been,
Speaker 1: then you probably can understand. But this is like a
Speaker 1: this is a rugged and rough and wild part of
Speaker 1: the part of the world or a part of the country.
Speaker 1: I mean, I've traveled around the world quite a bit,
Speaker 1: mostly around beaches. Most of the beaches around the world.
Speaker 1: Jackson Hole, Wyoming is a very very cowboy rough wild
Speaker 1: section of earth. You know. It's in the Teton Mountain Range.
Speaker 1: These magnificent mountains, super high, super rugged for snowboard and
Speaker 1: snow skiing, some of the best mountains in the United
Speaker 1: States and potentially even the world for how how steep
Speaker 1: and how tall they are. Um it's kind of at
Speaker 1: the intersection of Idaho, Montana, and Wyoming right there, and
Speaker 1: it's it's it's a cowboy town. Man. It's like it's
Speaker 1: kind of out in the middle of nowhere. Um. Surprisingly,
Speaker 1: even further than out in the middle of nowhere. So
Speaker 1: you have like this ski town Jackson with the mountain,
Speaker 1: and then thirty forty minutes away there's this like massive
Speaker 1: homes built for like fifteen million dollars, like out in
Speaker 1: the middle of nowhere. But that's not the point. The
Speaker 1: point is is that the people that live there mostly
Speaker 1: live there because they want to be out in the
Speaker 1: middle of nowhere and they want that rugged lifestyle. In
Speaker 1: the summertime, they're mountain climbing and rock climbing, and they're
Speaker 1: kayaking and they're paddleboarding the river. They're hiking. In the summer,
Speaker 1: they're you know, skiing, they're snowboarding, but they're doing backcountry stuff, snowmobiling, snowbiking, um,
Speaker 1: you know, backcountry skiing, you know camp snow camping, all
Speaker 1: these things. Crazy crazy, crazy people, cowboys. And I left
Speaker 1: there going, you know, this whole plan to get all
Speaker 1: these people into these cities, these fifteen minute cities that
Speaker 1: ain't gonna work out there. You go to somewhere like
Speaker 1: New York, or you go to La Man. La La
Speaker 1: is like a zombie apocalypse these days, and you can
Speaker 1: easily see how those people in the city they're just
Speaker 1: gonna stay in the city and they might as well
Speaker 1: just go inside and put their VR headset on and
Speaker 1: just live in that Ready player one type world because
Speaker 1: they're already kind of there. But these people out in
Speaker 1: Jackson Hole, and I'm guessing in other parts like that,
Speaker 1: like Colorado, Idaho, Montana, etc. Like it's rugged and wrong.
Speaker 1: People live there because they want to live that lifestyle.
Speaker 1: They want to live outdoors, and they ain't gonna go
Speaker 1: for that. They ain't gonna go for that. So I
Speaker 1: have to I have to tell you that I came
Speaker 1: back a little bit assured, a little bit more optimistic that,
Speaker 1: you know, as as scary and dangerous as it is
Speaker 1: that they're trying to push us into this type of world. Man,
Speaker 1: they're a long way from that, So I feel pretty
Speaker 1: good about that. But of course it's not going to
Speaker 1: stop them from trying. We can see that. I saw
Speaker 1: this other article this week that power shortages are coming
Speaker 1: soon to America. Existing power plants are projected to retire
Speaker 1: at a faster pace than instantly installing new units. And
Speaker 1: so we're already, especially in California, already shutting down all
Speaker 1: of our power generation plants. We don't generate enough electricity
Speaker 1: during the summertime, we have rolling blackouts that happen, and
Speaker 1: that problem is only projected to get worse as we're
Speaker 1: retiring these power plants, but we're not bringing new ones
Speaker 1: on and so we see that being a problem. But
Speaker 1: of course you can live in Wyoming. You can have
Speaker 1: solar panels, you can have generators, and you can get by.
Speaker 1: Like I said, those cowboys, I don't see them wanting
Speaker 1: to do that. And as as bad as you know,
Speaker 1: all of these ESG mandates have been for electricity generation
Speaker 1: and oil generation or production, etc. You know, I've been
Speaker 1: covering quite a bit like it's scary. Es is bad
Speaker 1: and we should know about it. We should be scared
Speaker 1: about it. We shouldn't push back on it. But the
Speaker 1: pushback is working. As a matter of fact, we saw
Speaker 1: this week the Senate killed a Biden e SG investment rule.
Speaker 1: Biden may issue his first veto ever because of this.
Speaker 1: But the Senate killed this bill. They don't want it.
Speaker 1: They passed a disapproval resolution, formally killing a Biden administration
Speaker 1: Department of Labor rule that encourages private retirement plan fidiaries
Speaker 1: to consider ESG factors when making investment decisions for over
Speaker 1: one hundred forty million Americans. So Basically, what the rule
Speaker 1: says is that you have to look at this, you
Speaker 1: have to weigh this out as part of your investment thesis.
Speaker 1: But these Republican senators are like, wait a minute, no,
Speaker 1: no, no no, no, no, no, no no, or investors, so we
Speaker 1: should invest the viability of the investment itself. We should
Speaker 1: not be taken into account these types of EESG considerations
Speaker 1: because they're not part of what we're doing. It's not
Speaker 1: part of the investment. And and and then it goes deeper.
Speaker 1: Obviously they don't believe in that, etc. And so we're
Speaker 1: seeing massive push back to this. We saw you know,
Speaker 1: six states have divested and pulled their money away from
Speaker 1: black Rock because of these ESG mandates, and now black
Speaker 1: Rock is running pr they say, whoa, whoa, whoa, whoa,
Speaker 1: We're not We're not as bad and evil as you
Speaker 1: as you think we are. And now you know we
Speaker 1: kind of the big three giants is black Rock, Vanguard,
Speaker 1: and State Street. And now Vanguard has dropped their net
Speaker 1: zero program like and so we're starting to see the
Speaker 1: backlash of this. We have to keep the pressure on.
Speaker 1: We have to continue to stay stay educated with continue
Speaker 1: to stay plug. The continued to stay vigilant on this.
Speaker 1: We have to continue to talk about these things with
Speaker 1: our friends, our families, our co workers of course, continue
Speaker 1: to talk about them to our policymakers so they know
Speaker 1: that this is not what we want and hopefully we
Speaker 1: can keep our freedom. If you're just tune and you
Speaker 1: listen to the Markma Show running through some of the
Speaker 1: latest breaking news, this headlines this week as we look
Speaker 1: at the lens through politics, finance, and technology to see
Speaker 1: the decentralized revolution. And that's what I got. I kind
Speaker 1: of covers the week and thanks for listening.