1 00:00:00,080 --> 00:00:02,240 Speaker 1: Well, and welcome to another episode of The Mark Mass Show, 2 00:00:02,240 --> 00:00:04,440 Speaker 1: where we're running through some of the latest breaking news 3 00:00:04,440 --> 00:00:06,240 Speaker 1: headlines so you can understand the world as we talk 4 00:00:06,280 --> 00:00:10,119 Speaker 1: about through the lens of politics, finance, and technology, and 5 00:00:10,360 --> 00:00:13,240 Speaker 1: all three of those are converging non stop. As a 6 00:00:13,240 --> 00:00:15,920 Speaker 1: matter of fact, this week big news in the bitcoin 7 00:00:16,040 --> 00:00:21,279 Speaker 1: and cryptocurrency space involving exactly that. Two big stories that 8 00:00:21,320 --> 00:00:24,600 Speaker 1: I want to talk about that really highlight how this 9 00:00:24,680 --> 00:00:28,760 Speaker 1: is all coming together. One of the things obviously being 10 00:00:28,760 --> 00:00:32,199 Speaker 1: a bitcoiner and understand how bitcoin mining works. Bitcoin miners 11 00:00:32,280 --> 00:00:36,599 Speaker 1: process the transactions that allow bitcoin to be transferred back 12 00:00:36,680 --> 00:00:40,159 Speaker 1: and forth. They secure the network. Now, what's happened is 13 00:00:40,159 --> 00:00:44,200 Speaker 1: when China shut down the bitcoin mining, about sixty percent 14 00:00:44,200 --> 00:00:45,920 Speaker 1: of the mining power was in China and a lot 15 00:00:45,960 --> 00:00:47,760 Speaker 1: of that came to the United States. We've seen it 16 00:00:47,960 --> 00:00:51,280 Speaker 1: concentrate in Texas and we've also seen it concentrate with 17 00:00:51,400 --> 00:00:55,080 Speaker 1: big public companies. But for miners to become very efficient, 18 00:00:55,240 --> 00:00:58,560 Speaker 1: they use what's known as pools. So the pools pool 19 00:00:58,640 --> 00:01:00,960 Speaker 1: all the transactions together. So if you want to mine, 20 00:01:01,240 --> 00:01:03,880 Speaker 1: you would then mine into a specific pool, and that 21 00:01:03,920 --> 00:01:06,240 Speaker 1: would give you a better chance of actually finding the 22 00:01:06,319 --> 00:01:09,360 Speaker 1: reward and potentially you would be making more money. There's 23 00:01:09,400 --> 00:01:12,000 Speaker 1: a handful of mining pools that are out there, and 24 00:01:12,080 --> 00:01:13,440 Speaker 1: they each sort of work a little bit of a 25 00:01:13,440 --> 00:01:16,200 Speaker 1: different way, so there is some sort of competition, if 26 00:01:16,240 --> 00:01:18,520 Speaker 1: you will. Competition is always what brings us better products, 27 00:01:18,560 --> 00:01:22,479 Speaker 1: better service, and better prices. It's game theory and action, 28 00:01:22,560 --> 00:01:25,640 Speaker 1: if you will. This week we saw a brand new 29 00:01:25,680 --> 00:01:30,040 Speaker 1: mining pool come into place, and it was led by 30 00:01:30,760 --> 00:01:34,840 Speaker 1: Luke Deshier, who's one of the Bitcoin core developers, and 31 00:01:34,920 --> 00:01:38,040 Speaker 1: also Jack Dorsey from of course Twitter, who you probably 32 00:01:38,080 --> 00:01:40,640 Speaker 1: don't who you already know who that is, and they've 33 00:01:40,640 --> 00:01:43,280 Speaker 1: basically launched this new mining pool. Mumblin is the name 34 00:01:43,280 --> 00:01:45,320 Speaker 1: of the company and the mining pool is called Ocean. 35 00:01:45,800 --> 00:01:49,000 Speaker 1: Now shout out to my Bitcoin Opportunity Fund. We have 36 00:01:49,040 --> 00:01:52,280 Speaker 1: a fund called the Bitcoin Opportunity Fund I'm a partner 37 00:01:52,320 --> 00:01:55,200 Speaker 1: of and we are one of the key investors into 38 00:01:55,240 --> 00:01:57,480 Speaker 1: this deal. So a little bit talking about my own book, 39 00:01:57,640 --> 00:01:59,280 Speaker 1: but I want to explain why this is a big deal. 40 00:02:00,360 --> 00:02:02,040 Speaker 1: If you'd like to figure out how you can get 41 00:02:02,040 --> 00:02:04,840 Speaker 1: into some of these deals throughout the bitcoin ecosystem, just 42 00:02:04,920 --> 00:02:09,440 Speaker 1: visit Bitcoin Opportunity Dot Fund again, Bitcoin Opportunity Dot Fund, 43 00:02:09,480 --> 00:02:12,639 Speaker 1: but what Ocean has done through Jack Dorsey. You might 44 00:02:12,720 --> 00:02:17,960 Speaker 1: remember Jack Dorsey left Twitter, and Jack Dorsey said in 45 00:02:18,000 --> 00:02:20,959 Speaker 1: many times, many times in public addresses that he left 46 00:02:21,040 --> 00:02:24,400 Speaker 1: Twitter to go work on the most important thing for 47 00:02:24,440 --> 00:02:28,160 Speaker 1: the rest of his life. What is that most important thing? Bitcoin? 48 00:02:28,400 --> 00:02:31,640 Speaker 1: So you might think it's stupid and just you know, whatever, 49 00:02:31,800 --> 00:02:35,239 Speaker 1: some stupid tech, some mythical money, Internet, magic money, whatever. 50 00:02:35,760 --> 00:02:38,800 Speaker 1: But some of the smartest tech people in the world, 51 00:02:39,080 --> 00:02:41,560 Speaker 1: like Jack Dorsey, you see it is the most important thing. 52 00:02:42,040 --> 00:02:44,239 Speaker 1: You might want to take note of that. Larry Fink, 53 00:02:44,360 --> 00:02:48,240 Speaker 1: the head of Blackrock, the largest asset manager in the world, 54 00:02:48,280 --> 00:02:50,120 Speaker 1: said a couple weeks ago that bitcoin people are going 55 00:02:50,120 --> 00:02:53,280 Speaker 1: to bitcoin for safety. So when the largest asset manager 56 00:02:53,320 --> 00:02:55,800 Speaker 1: in the world, one of the most prolific tech investors 57 00:02:55,880 --> 00:02:58,200 Speaker 1: or tech creators in the world, when they say it's 58 00:02:58,200 --> 00:02:59,880 Speaker 1: the most important thing, you might want to take notice. 59 00:03:00,000 --> 00:03:03,480 Speaker 1: Either way. What's happening because of these pools. A lot 60 00:03:03,520 --> 00:03:07,240 Speaker 1: of these a lot of this mining has gotten centralized, 61 00:03:07,520 --> 00:03:10,519 Speaker 1: and then these mining pools exert their pressure their power 62 00:03:10,680 --> 00:03:15,679 Speaker 1: over this and have taken away the decentralization aspect of bitcoin. 63 00:03:16,639 --> 00:03:19,720 Speaker 1: Bitcoin mining, and specifically in regards to what I think 64 00:03:19,760 --> 00:03:21,919 Speaker 1: is probably the most important key attribute to bitcoin, which 65 00:03:21,960 --> 00:03:26,320 Speaker 1: is censorship resistant. It's probably the it's the main thing, 66 00:03:26,360 --> 00:03:28,560 Speaker 1: it's what we want. Now. What we're seeing is a 67 00:03:28,560 --> 00:03:31,120 Speaker 1: lot of these mining pools, like ft pool, F two 68 00:03:31,160 --> 00:03:34,120 Speaker 1: pool for example, it's the third largest mining pool, have 69 00:03:34,280 --> 00:03:39,280 Speaker 1: started to be accused of actually censoring transactions. The United 70 00:03:39,280 --> 00:03:43,040 Speaker 1: States government has a list o fac These are compliant addresses, 71 00:03:43,240 --> 00:03:45,040 Speaker 1: so if you're on on a sanctioned list from the 72 00:03:45,120 --> 00:03:48,440 Speaker 1: United States, they've put out these addresses and say these 73 00:03:48,480 --> 00:03:51,480 Speaker 1: mining pools are no longer able to interact or mine 74 00:03:51,520 --> 00:03:56,240 Speaker 1: or process transactions from these blacklisted sites. So they're censoring transactions. 75 00:03:56,680 --> 00:04:00,080 Speaker 1: But bitcoin is supposed to be censorship resistant, so how 76 00:04:00,080 --> 00:04:03,560 Speaker 1: can that happen? And so these guys, Jack Dorci and 77 00:04:03,640 --> 00:04:06,720 Speaker 1: Lukedashier have started a new mining pool that is set 78 00:04:06,760 --> 00:04:11,120 Speaker 1: out to solve that problem, to break the centralization that's 79 00:04:11,160 --> 00:04:14,040 Speaker 1: happening and as well as break the censorship that's happening 80 00:04:14,080 --> 00:04:17,840 Speaker 1: as well. They're using a new type of technology. It 81 00:04:17,920 --> 00:04:20,760 Speaker 1: uses something called knots instead of bitcoin core. It's sort 82 00:04:20,800 --> 00:04:22,520 Speaker 1: of like bitcoin core with a little bit of a difference, 83 00:04:23,040 --> 00:04:25,159 Speaker 1: but basically without getting the technical side of it, here's 84 00:04:25,160 --> 00:04:28,080 Speaker 1: why it's a big deal. It's that not just that 85 00:04:28,120 --> 00:04:31,719 Speaker 1: there's censorship going on, but more importantly that the miners themselves. 86 00:04:32,520 --> 00:04:34,760 Speaker 1: If you buy one, you should have controlled but also 87 00:04:34,839 --> 00:04:37,560 Speaker 1: if a mining company, you should be able to choose 88 00:04:37,640 --> 00:04:41,400 Speaker 1: which transactions that you believe are valid. What happens is 89 00:04:41,400 --> 00:04:43,599 Speaker 1: when I go into a pool, I have to mine 90 00:04:43,640 --> 00:04:46,080 Speaker 1: whatever the pool throws up in front of me, versus 91 00:04:46,080 --> 00:04:48,800 Speaker 1: the miner being able to choose that directly. And so 92 00:04:48,960 --> 00:04:51,160 Speaker 1: this is a pretty big deal for a lot of reasons. 93 00:04:52,440 --> 00:04:57,720 Speaker 1: It returns back individual choice now, it also breaks this 94 00:04:57,839 --> 00:05:00,960 Speaker 1: centralization that's been happening. But more importantly, what it's doing 95 00:05:01,240 --> 00:05:04,680 Speaker 1: is it's creating more competition. The market is now being 96 00:05:04,680 --> 00:05:07,039 Speaker 1: given the opportunity to present a new business model and 97 00:05:07,120 --> 00:05:10,520 Speaker 1: allow the market to decide which one fits the ethos 98 00:05:10,520 --> 00:05:13,600 Speaker 1: of the industry, which one people like to use better, 99 00:05:13,680 --> 00:05:17,360 Speaker 1: which one makes more money. If some miners and mining 100 00:05:17,360 --> 00:05:20,240 Speaker 1: pools want to sensor transactions, well we can see how 101 00:05:20,279 --> 00:05:24,200 Speaker 1: they perform versus mining pools and miners who don't sensor transactions, 102 00:05:24,360 --> 00:05:28,240 Speaker 1: and we can see game theory playing out in real time. Now. 103 00:05:28,400 --> 00:05:30,039 Speaker 1: One of the reasons why I like this story is 104 00:05:30,040 --> 00:05:33,200 Speaker 1: because as soon as this comes out. Guess what happens next. 105 00:05:33,720 --> 00:05:38,000 Speaker 1: The legacy media empire swarms and decides to try to 106 00:05:38,000 --> 00:05:40,000 Speaker 1: throw up whatever flood they can to try to take 107 00:05:40,040 --> 00:05:43,239 Speaker 1: this down. As a matter of fact, mainstream media headlines 108 00:05:43,279 --> 00:05:48,520 Speaker 1: are all over this week saying that bitcoin transactions uses 109 00:05:48,720 --> 00:05:52,040 Speaker 1: one swimming pool's worth of water. That came from the BBC, 110 00:05:54,080 --> 00:05:57,200 Speaker 1: A bitcoin transaction uses one swimming pool of water. Well, 111 00:05:57,560 --> 00:05:59,400 Speaker 1: where the world's made up about two thirds of water, 112 00:05:59,440 --> 00:06:00,960 Speaker 1: so I don't know, it's supposed to be scarce. It 113 00:06:01,000 --> 00:06:03,080 Speaker 1: like falls from the sky all the time. But apparently 114 00:06:03,080 --> 00:06:05,360 Speaker 1: that's a bad deal. It's a bad deal if you 115 00:06:05,440 --> 00:06:07,160 Speaker 1: live in China you don't have fresh water, but if 116 00:06:07,200 --> 00:06:09,520 Speaker 1: you have fresh water anyway, they're saying that it uses 117 00:06:10,000 --> 00:06:12,320 Speaker 1: a swim pool worth of water. Okay, is that a 118 00:06:12,320 --> 00:06:14,839 Speaker 1: bad deal? Is that good? Is that bad? Well, there's 119 00:06:14,839 --> 00:06:17,279 Speaker 1: a lot to say about that, but let's just compare it. 120 00:06:17,880 --> 00:06:19,920 Speaker 1: So we have to always go back into some frame 121 00:06:19,960 --> 00:06:22,800 Speaker 1: of reference. So what we see is that in order 122 00:06:22,880 --> 00:06:27,400 Speaker 1: to get an evy vehicle, you need a battery, and 123 00:06:27,520 --> 00:06:30,080 Speaker 1: inside that battery are rare earth elements, one of which 124 00:06:30,120 --> 00:06:36,280 Speaker 1: is lithium. The lithium extraction process is one of the 125 00:06:36,320 --> 00:06:42,039 Speaker 1: most water heavy consumption extraction process that I know of. 126 00:06:42,080 --> 00:06:45,760 Speaker 1: As a matter of fact, it takes approximately five hundred 127 00:06:45,839 --> 00:06:50,800 Speaker 1: thousand gallons one point nine million liters per metric ton 128 00:06:50,839 --> 00:06:52,760 Speaker 1: of lithium to get it out of the ground. So 129 00:06:52,800 --> 00:06:55,240 Speaker 1: basically the miners have to go start drilling holes in 130 00:06:55,279 --> 00:06:58,000 Speaker 1: the ground and these salt flats, and then they pump 131 00:06:58,400 --> 00:07:01,359 Speaker 1: this water in the ground and then it starts to 132 00:07:01,360 --> 00:07:04,440 Speaker 1: get the lithium to come up. So five hundred thousand 133 00:07:04,520 --> 00:07:09,039 Speaker 1: gallons for one metric ton of lithium. Okay, so how 134 00:07:09,080 --> 00:07:12,320 Speaker 1: many metrics well, how many metric tons does it take 135 00:07:12,360 --> 00:07:14,280 Speaker 1: to build batteries or actually how many batteries can you 136 00:07:14,320 --> 00:07:17,200 Speaker 1: make from one metric ton a metric tons about two 137 00:07:17,240 --> 00:07:23,840 Speaker 1: thousand pounds, And with two thousand pounds it takes about 138 00:07:24,440 --> 00:07:26,160 Speaker 1: roughly depends on the size of the battery, but it 139 00:07:26,160 --> 00:07:29,720 Speaker 1: could take about two and a half pounds per battery. 140 00:07:30,760 --> 00:07:34,320 Speaker 1: So you get two thousand divided by two hundred. You 141 00:07:34,400 --> 00:07:38,840 Speaker 1: do the math about you know, about a thousand two pounds, 142 00:07:38,920 --> 00:07:41,200 Speaker 1: So big batteries like Tesla's you get about a thousand cars. 143 00:07:41,720 --> 00:07:45,120 Speaker 1: So it takes five hundred thousand gallons of water to 144 00:07:45,160 --> 00:07:47,840 Speaker 1: make enough batteries for a thousand cars. Is that good 145 00:07:47,960 --> 00:07:51,280 Speaker 1: or bad? I don't really know either. There's a lot 146 00:07:51,280 --> 00:07:52,640 Speaker 1: to go into that. What's the trade off and so 147 00:07:53,000 --> 00:07:54,600 Speaker 1: to speak. But the point that I'm trying to make 148 00:07:54,600 --> 00:07:57,280 Speaker 1: here is that we have other issues that use way 149 00:07:57,280 --> 00:07:59,360 Speaker 1: more water, that use way more electricity. They want to 150 00:07:59,360 --> 00:08:04,119 Speaker 1: talk about bitcoin uses too much electricity, it wastes electricity apparently, Well, 151 00:08:04,320 --> 00:08:06,360 Speaker 1: there's lots of things that use more electricity than bitcoin. 152 00:08:06,840 --> 00:08:10,680 Speaker 1: For example, AI uses way more electricity than bitcoin. Your 153 00:08:10,840 --> 00:08:13,520 Speaker 1: clothes dryers at your house to dryer close, those use 154 00:08:13,560 --> 00:08:16,080 Speaker 1: more electricity than bitcoin. Is that a waste? I mean, 155 00:08:16,120 --> 00:08:17,800 Speaker 1: you could just go hang your clothes up to dry 156 00:08:17,800 --> 00:08:19,720 Speaker 1: in your backyard. Do you really need a dryer in 157 00:08:19,800 --> 00:08:23,440 Speaker 1: your house? And so the point is not that these 158 00:08:23,480 --> 00:08:25,680 Speaker 1: things are good or bad. It's to compare them against 159 00:08:25,720 --> 00:08:27,800 Speaker 1: each other, but more importantly, to see through the veil 160 00:08:27,840 --> 00:08:31,200 Speaker 1: of what's going on. Right, we have a new form 161 00:08:31,280 --> 00:08:34,679 Speaker 1: of competition coming out that makes it very difficult for 162 00:08:34,960 --> 00:08:39,560 Speaker 1: the governments to use their power to censor and control. 163 00:08:39,800 --> 00:08:42,760 Speaker 1: As soon as a little crack shows up in the 164 00:08:42,840 --> 00:08:45,000 Speaker 1: dam and they start to lose some of their power 165 00:08:45,000 --> 00:08:48,280 Speaker 1: to censor and control, then the legacy media machines come 166 00:08:48,280 --> 00:08:51,920 Speaker 1: out to bang the drums to the public to change 167 00:08:51,960 --> 00:08:55,800 Speaker 1: public perception. Right. If they can change public perception, then 168 00:08:55,800 --> 00:08:59,400 Speaker 1: they can get you to buy into their authoritarian laws. 169 00:08:59,600 --> 00:09:01,960 Speaker 1: For some there's super control, all right. That's how this works. 170 00:09:02,040 --> 00:09:03,800 Speaker 1: It's the same old playbook. We've been seeing this for 171 00:09:03,920 --> 00:09:06,120 Speaker 1: hundreds and hundreds of years, well probably since the beginning 172 00:09:06,120 --> 00:09:09,280 Speaker 1: of humanity. In my opinion, the power has to control 173 00:09:09,320 --> 00:09:13,719 Speaker 1: the narrative so they can control the people. But that's 174 00:09:13,760 --> 00:09:15,800 Speaker 1: why you're listening to me, so I can show you 175 00:09:15,880 --> 00:09:19,280 Speaker 1: through their thin veiled false allegations of what's going on. 176 00:09:19,400 --> 00:09:21,080 Speaker 1: If you're just tune in listening to the Mark Mash Show, 177 00:09:21,080 --> 00:09:23,360 Speaker 1: I got a whole lot more news headlines to cover 178 00:09:23,400 --> 00:09:25,040 Speaker 1: when I come back. Don't go away, I'll bear back, 179 00:09:25,679 --> 00:09:27,360 Speaker 1: all right, Welcome back. If you just tune in listening 180 00:09:27,360 --> 00:09:28,800 Speaker 1: to the Mark ma Show, we're running through some of 181 00:09:28,840 --> 00:09:31,520 Speaker 1: the latest breaking news headlines. Of course, as we always 182 00:09:31,920 --> 00:09:35,840 Speaker 1: look at the way the world is changing, deglobalization, decentralization, 183 00:09:35,880 --> 00:09:38,120 Speaker 1: as we look at through the lens of politics, finance, 184 00:09:38,240 --> 00:09:42,800 Speaker 1: and technology, and this week we saw more signs that 185 00:09:42,840 --> 00:09:48,480 Speaker 1: the legacy centralization is falling apart the pendulum continues to swing. 186 00:09:48,760 --> 00:09:50,720 Speaker 1: And I know some people call me an optimist or 187 00:09:50,720 --> 00:09:53,720 Speaker 1: a dreamer. Potentially, they say, Mark, how can you say 188 00:09:54,120 --> 00:09:57,960 Speaker 1: that the pendulum is swinging back from centralization to decentralization, 189 00:09:58,040 --> 00:10:01,120 Speaker 1: because everything I see is that we're getting more and 190 00:10:01,120 --> 00:10:04,240 Speaker 1: more centralized. The UN is still trying to get more power, 191 00:10:04,320 --> 00:10:06,960 Speaker 1: the WHO is still trying to get more power, the 192 00:10:07,040 --> 00:10:10,679 Speaker 1: dollar is still strong, etc. Etc. Etc. But I'm looking 193 00:10:10,679 --> 00:10:13,560 Speaker 1: at the sign posts and I see these signs, and 194 00:10:13,600 --> 00:10:16,720 Speaker 1: they tell us what's happening. We can see the mood, 195 00:10:17,120 --> 00:10:19,920 Speaker 1: the public perception all around the world is sweeping. We 196 00:10:20,000 --> 00:10:23,839 Speaker 1: see in Argentina they got a far right extremist in there, 197 00:10:24,000 --> 00:10:27,040 Speaker 1: Italy a far right extremist, in the Netherlands a far 198 00:10:27,120 --> 00:10:30,640 Speaker 1: right extremist, and the populism the nationalist is taking over, 199 00:10:30,800 --> 00:10:34,120 Speaker 1: unfortunately slowly, but it's happening. One of the things I 200 00:10:34,160 --> 00:10:37,080 Speaker 1: saw this week that was an amazing story that certainly 201 00:10:37,160 --> 00:10:39,040 Speaker 1: I love the energy and the fire in and you 202 00:10:39,120 --> 00:10:42,280 Speaker 1: might have heard, but Elon Musk, we might call him 203 00:10:42,280 --> 00:10:45,319 Speaker 1: a mega chad, which I guess even calling somebody a 204 00:10:45,440 --> 00:10:49,160 Speaker 1: chad is like a right wing extremist male white privilege. 205 00:10:49,160 --> 00:10:51,480 Speaker 1: I don't know something like that. We'll call him a 206 00:10:51,480 --> 00:10:55,120 Speaker 1: mega chad. He has so much money and he just 207 00:10:55,200 --> 00:10:59,320 Speaker 1: apparently does not care at all, and you see him 208 00:10:59,360 --> 00:11:01,640 Speaker 1: voicing his a pin all the time. Well, if you're 209 00:11:01,679 --> 00:11:04,480 Speaker 1: on Twitter anyway. He is not afraid to speak his mind. 210 00:11:04,480 --> 00:11:06,360 Speaker 1: He is not afraid to stand his ground. He is 211 00:11:06,480 --> 00:11:10,840 Speaker 1: not afraid to call out bs when he sees it. Now, 212 00:11:10,920 --> 00:11:12,560 Speaker 1: I do want to just say that I am not 213 00:11:12,800 --> 00:11:15,880 Speaker 1: like an Elon Musk simp here. I like a lot 214 00:11:15,880 --> 00:11:17,760 Speaker 1: of things that he's done. There's also a lot of 215 00:11:17,760 --> 00:11:20,320 Speaker 1: things that he's done that make me very suspect. And 216 00:11:20,320 --> 00:11:21,720 Speaker 1: there's also a lot of things that he's done that 217 00:11:21,760 --> 00:11:25,559 Speaker 1: I don't like. For example, I don't think you should 218 00:11:25,600 --> 00:11:28,520 Speaker 1: be going around and getting a bunch of girls pregnant 219 00:11:28,520 --> 00:11:30,600 Speaker 1: and having a bunch of unweed babies all over the world. 220 00:11:30,679 --> 00:11:33,280 Speaker 1: I don't think that's probably a good thing. I don't 221 00:11:33,320 --> 00:11:36,600 Speaker 1: like the thought of having microchips being implanted into human 222 00:11:36,640 --> 00:11:38,600 Speaker 1: brains that he's working on. So there's lots of things 223 00:11:38,640 --> 00:11:40,160 Speaker 1: that he's doing that I don't really agree with. There's 224 00:11:40,200 --> 00:11:42,600 Speaker 1: things that he's doing that make me suspect, like what 225 00:11:42,679 --> 00:11:46,440 Speaker 1: he's doing with the takeover of X previously Twitter working 226 00:11:46,480 --> 00:11:50,040 Speaker 1: on a platform for everything where they have your money 227 00:11:50,040 --> 00:11:52,320 Speaker 1: and your ID and all of that centralized. I don't like. 228 00:11:52,400 --> 00:11:54,719 Speaker 1: That makes me suspect of what he could be doing 229 00:11:54,760 --> 00:11:56,240 Speaker 1: with it. But there are things that I do like 230 00:11:56,240 --> 00:12:00,360 Speaker 1: that he's doing, like really really really really fighting hard 231 00:12:00,800 --> 00:12:04,600 Speaker 1: for giving us a platform to have free speech. And 232 00:12:04,640 --> 00:12:07,040 Speaker 1: so I'm gonna, I'm gonna, I'm gonna pat him on 233 00:12:07,080 --> 00:12:08,480 Speaker 1: the back when to congratulate him on the things that 234 00:12:08,480 --> 00:12:10,200 Speaker 1: he does right, and I'll certainly call it the things 235 00:12:10,240 --> 00:12:12,560 Speaker 1: that I think are done wrong. But in this stance, 236 00:12:13,040 --> 00:12:16,959 Speaker 1: he was doing a interview with New York Times and 237 00:12:17,880 --> 00:12:23,280 Speaker 1: basically he silenced the entire room as he proclaimed that quote, 238 00:12:23,360 --> 00:12:27,160 Speaker 1: if someone wants to blackmail me with advertising, they can 239 00:12:27,200 --> 00:12:30,000 Speaker 1: go f themselves. I'll let you fill in the blank 240 00:12:30,040 --> 00:12:34,160 Speaker 1: on that. What is he saying, Well, he's under all 241 00:12:34,240 --> 00:12:38,600 Speaker 1: this fire media matters, filed this Slanders lost, you know, 242 00:12:38,720 --> 00:12:43,040 Speaker 1: allegations against him. He's filed lawsuits back, and they're saying 243 00:12:43,040 --> 00:12:47,600 Speaker 1: that he is a anti Semitic, he's a racist, he 244 00:12:47,720 --> 00:12:51,360 Speaker 1: allows dangerous content, he's a threat to our democracy, all 245 00:12:51,400 --> 00:12:54,880 Speaker 1: of these things. And advertisers are not going to give 246 00:12:54,960 --> 00:12:59,040 Speaker 1: him money unless he goes and changes things, right, So 247 00:12:59,080 --> 00:13:01,640 Speaker 1: they're basically are basically saying that. And basically what we 248 00:13:01,679 --> 00:13:07,640 Speaker 1: saw is Bob Eiger from Disney had made allegations that 249 00:13:07,760 --> 00:13:11,240 Speaker 1: they are not going to advertise on that platform if 250 00:13:11,880 --> 00:13:14,080 Speaker 1: Elon must doesn't change it, if he doesn't start to 251 00:13:14,200 --> 00:13:18,480 Speaker 1: censor some of the speech. And Elon Musk said that, well, 252 00:13:18,480 --> 00:13:22,560 Speaker 1: they threatened that if there was an advertising boycott against 253 00:13:22,760 --> 00:13:27,800 Speaker 1: X then they could just basically blackmail them into submission, 254 00:13:27,840 --> 00:13:31,400 Speaker 1: so to speak. But Elon mus says, fine, don't advertise. 255 00:13:31,440 --> 00:13:34,800 Speaker 1: If someone's gonna try and blackmailing with advertising, Blackmaily with money, 256 00:13:35,400 --> 00:13:37,760 Speaker 1: you can go after yourself. And then he said it again, 257 00:13:37,800 --> 00:13:40,680 Speaker 1: go after yourself. Is that clear? He asks, I hope 258 00:13:40,720 --> 00:13:44,320 Speaker 1: it is. He said, the whole world will know those 259 00:13:44,360 --> 00:13:49,000 Speaker 1: advertisers killed the company and will document it in great detail. Right, 260 00:13:49,040 --> 00:13:50,520 Speaker 1: And then he went on to say that, hey, Tesla's 261 00:13:50,520 --> 00:13:53,000 Speaker 1: done more than all the companies combined to help the environment. 262 00:13:53,480 --> 00:13:55,760 Speaker 1: I've done more for the environment than any single human 263 00:13:55,800 --> 00:13:59,240 Speaker 1: on the earth. He went on to say, that's debatable. 264 00:14:00,240 --> 00:14:02,080 Speaker 1: I'm not going to back that yet. But what I 265 00:14:02,120 --> 00:14:06,520 Speaker 1: do like is how he's standing the line here, all right. 266 00:14:06,760 --> 00:14:10,520 Speaker 1: He is literally changing the attitude around the world, which 267 00:14:10,520 --> 00:14:13,480 Speaker 1: is why he's enemy number one. By exposing the government 268 00:14:13,480 --> 00:14:17,400 Speaker 1: corruption through the Twitter files. By releasing those files, it 269 00:14:17,600 --> 00:14:23,280 Speaker 1: unlocked lots of other mysteries by allowing citizen journalism to happen. 270 00:14:23,680 --> 00:14:25,840 Speaker 1: The power of the crowd is able to come together 271 00:14:26,760 --> 00:14:29,000 Speaker 1: and dig up stories and patch together things and connect 272 00:14:29,040 --> 00:14:32,960 Speaker 1: the dots into things that might have been considered conspiracy 273 00:14:33,000 --> 00:14:35,200 Speaker 1: theory in the past because we didn't have all the information. 274 00:14:35,560 --> 00:14:39,040 Speaker 1: But now with all the information, it's no longer theory. 275 00:14:39,240 --> 00:14:42,680 Speaker 1: It's now gone into facts. We're seeing this happen all 276 00:14:42,720 --> 00:14:45,320 Speaker 1: over the place. The tide is changing everything, from the 277 00:14:45,640 --> 00:14:50,440 Speaker 1: narratives around the pandemic, through the election interference, through the 278 00:14:50,520 --> 00:14:54,720 Speaker 1: censorship and control that's happening. We're seeing it all and 279 00:14:54,720 --> 00:14:57,400 Speaker 1: it's pretty amazing. Now, there was a story that came 280 00:14:57,440 --> 00:14:59,920 Speaker 1: out on zero Hedge talking about a time to boycott 281 00:15:00,080 --> 00:15:03,320 Speaker 1: Elon's boycotters, and so this is sort of where competition 282 00:15:03,400 --> 00:15:05,040 Speaker 1: and game theory comes into play. I talk about all 283 00:15:05,040 --> 00:15:09,760 Speaker 1: the time building the world that you want. Look, well, 284 00:15:09,800 --> 00:15:11,160 Speaker 1: I don't know about you. I'm not gonna put words 285 00:15:11,160 --> 00:15:14,640 Speaker 1: in your mouth. I am not a victim. I am 286 00:15:14,680 --> 00:15:18,120 Speaker 1: able to speak my life into existence. I am able 287 00:15:18,160 --> 00:15:20,960 Speaker 1: to do the work to build the world that I want. 288 00:15:21,560 --> 00:15:24,200 Speaker 1: If I'm not happy with something in my life, then 289 00:15:24,400 --> 00:15:27,640 Speaker 1: I have the power to change that nobody else. If 290 00:15:27,760 --> 00:15:30,880 Speaker 1: I need more money, if I need more time, if 291 00:15:30,920 --> 00:15:32,720 Speaker 1: I want to lose weight, i want to be in 292 00:15:32,760 --> 00:15:36,000 Speaker 1: better shape, I have the power to change that. And 293 00:15:36,280 --> 00:15:38,800 Speaker 1: I am responsible to shape and build the world like 294 00:15:38,880 --> 00:15:40,840 Speaker 1: I want, just like Elon Musk is doing as well, 295 00:15:41,080 --> 00:15:44,520 Speaker 1: and so we can do that partly through voting with 296 00:15:44,560 --> 00:15:47,600 Speaker 1: our feet, but also voting with our money. And so 297 00:15:47,920 --> 00:15:50,360 Speaker 1: if they want to boycott Elon Musk, then we can 298 00:15:50,440 --> 00:15:53,880 Speaker 1: also boycott them as well. And like I said, this 299 00:15:53,960 --> 00:15:55,400 Speaker 1: is an article that came out on zero Head. You 300 00:15:55,440 --> 00:15:57,920 Speaker 1: can go read it. But they're talking about how, you know, 301 00:15:58,640 --> 00:16:02,800 Speaker 1: there's this ad demonization and how companies don't want to advertise, 302 00:16:03,600 --> 00:16:07,320 Speaker 1: So maybe we should support the companies that are advertising 303 00:16:07,400 --> 00:16:10,600 Speaker 1: on Twitter. Now, in full disclosure, I'm not a fan 304 00:16:10,640 --> 00:16:13,280 Speaker 1: of seeing those ads. As a matter of fact, I'm 305 00:16:13,720 --> 00:16:16,440 Speaker 1: paying subscriber and so I don't want to see those ads. 306 00:16:16,680 --> 00:16:19,280 Speaker 1: But maybe we should click on those ads. Maybe we 307 00:16:19,440 --> 00:16:23,680 Speaker 1: should be buying from those companies to support them for 308 00:16:24,000 --> 00:16:30,360 Speaker 1: supporting a platform like Twitter. If Twitter is able to 309 00:16:30,480 --> 00:16:35,440 Speaker 1: return a better advertiser return what's called row as return 310 00:16:35,560 --> 00:16:39,240 Speaker 1: on ads spend. If Twitter can return a better row 311 00:16:39,280 --> 00:16:43,239 Speaker 1: as then Facebook or Instagram, then guess what happens. Advertisers 312 00:16:43,280 --> 00:16:46,640 Speaker 1: come over. These advertisers like bob Iger. They want to 313 00:16:46,680 --> 00:16:49,560 Speaker 1: stand strong, they want to pretend like they're powerful. They 314 00:16:49,600 --> 00:16:52,680 Speaker 1: want to say that we'll boycott your platform because you're 315 00:16:52,720 --> 00:16:57,480 Speaker 1: going to censor. But they're greedy. They're responsible to their shareholders. 316 00:16:58,200 --> 00:17:01,560 Speaker 1: If they can return a better advertising, a better row 317 00:17:01,600 --> 00:17:04,800 Speaker 1: as on Twitter, they're gonna use it. And so we 318 00:17:04,880 --> 00:17:06,879 Speaker 1: just need to make it so if we click on 319 00:17:06,920 --> 00:17:09,160 Speaker 1: those ads, if we buy those things, I mean, you're 320 00:17:09,160 --> 00:17:11,760 Speaker 1: gonna buy things anyway, why not click on an ad? 321 00:17:11,840 --> 00:17:15,720 Speaker 1: Buy it? Why not vote with your money? Why not 322 00:17:15,960 --> 00:17:18,160 Speaker 1: show that you like free speech? And as a matter 323 00:17:18,200 --> 00:17:20,360 Speaker 1: of fact, I'll support ads on Twitter, but I want 324 00:17:20,359 --> 00:17:23,879 Speaker 1: support ads on Facebook or Instagram. And if we do that, 325 00:17:24,000 --> 00:17:28,120 Speaker 1: we'll quickly see how fast things change. It's up to us. Now, 326 00:17:28,640 --> 00:17:30,159 Speaker 1: is it a pain to click on an ad? Sure? 327 00:17:31,000 --> 00:17:34,000 Speaker 1: Would you maybe pay more for a product doing that 328 00:17:34,240 --> 00:17:38,080 Speaker 1: than going through Amazon? Maybe? But look what you're supporting. 329 00:17:38,119 --> 00:17:40,040 Speaker 1: What does an Amazon stand for? What is Jeff Bezos 330 00:17:40,040 --> 00:17:42,439 Speaker 1: standing for buying Washington Post and coming up with more 331 00:17:42,480 --> 00:17:47,280 Speaker 1: fake SII stories or supporting Twitter that's running for free speech. 332 00:17:47,960 --> 00:17:52,879 Speaker 1: Some of the boycotters are Disney, CNBC, Warner Brothers, Discovery, Apple, Sony, Lionsgate, Paramount, 333 00:17:52,960 --> 00:17:55,960 Speaker 1: IBM boycott all those. If you're just tuning in and 334 00:17:56,040 --> 00:17:58,760 Speaker 1: listening to the Mark Mos Show talking about the intersection 335 00:17:58,800 --> 00:18:01,639 Speaker 1: of politics, finance and tech, technology and running through some 336 00:18:01,680 --> 00:18:03,920 Speaker 1: of the latest breaking news headlines so you can understand 337 00:18:03,920 --> 00:18:05,719 Speaker 1: the world in better context. I'll be back with more 338 00:18:05,720 --> 00:18:07,480 Speaker 1: in a minute. Don't go away, I'll be right back. 339 00:18:07,680 --> 00:18:09,200 Speaker 1: All right, Welcome back. If you just tune in, you're 340 00:18:09,200 --> 00:18:11,159 Speaker 1: listening to the Mark Mos Show, We're running through some 341 00:18:11,200 --> 00:18:13,840 Speaker 1: of the latest breaking news headlines that are the sign 342 00:18:14,040 --> 00:18:16,720 Speaker 1: posts that tell us where things are going. We look 343 00:18:16,720 --> 00:18:19,800 Speaker 1: at it through the lens of politics, finance, and technology. Now, 344 00:18:19,960 --> 00:18:22,920 Speaker 1: we were talking about before the break some of the 345 00:18:22,960 --> 00:18:26,800 Speaker 1: things that's been happening, specifically with Elon Musk always making waves, 346 00:18:26,840 --> 00:18:30,439 Speaker 1: always being the outspoken person, and I gave him some 347 00:18:30,440 --> 00:18:32,359 Speaker 1: criticism and I gave him some credit. But there is 348 00:18:32,440 --> 00:18:36,320 Speaker 1: another celebrity that's been making news this week and has 349 00:18:36,320 --> 00:18:39,959 Speaker 1: found himself in the crosshairs of the government. And I 350 00:18:40,000 --> 00:18:45,480 Speaker 1: am talking about UFC legend Connor McGregor, one of the 351 00:18:45,520 --> 00:18:49,880 Speaker 1: most charismatic, outspoken, you know people in the UFC, which 352 00:18:49,920 --> 00:18:52,760 Speaker 1: is the world of MMA Mixed Martial Arts, and he 353 00:18:52,880 --> 00:18:55,719 Speaker 1: has now found himself a target of the state for 354 00:18:55,840 --> 00:19:01,480 Speaker 1: what for speaking out in support of his treatment, for 355 00:19:01,800 --> 00:19:07,119 Speaker 1: speaking out in support of mothers and children. That's what 356 00:19:07,160 --> 00:19:09,439 Speaker 1: he's in trouble for. You know, you can tell a 357 00:19:09,440 --> 00:19:13,640 Speaker 1: lot about the state by how they prosecute crimes. How 358 00:19:13,680 --> 00:19:19,080 Speaker 1: do they prosecute crimes from people against people, do they 359 00:19:19,080 --> 00:19:22,560 Speaker 1: protect the people or how do they prosecute crimes against 360 00:19:22,640 --> 00:19:25,959 Speaker 1: the state? That tells you everything you need have And 361 00:19:26,000 --> 00:19:29,600 Speaker 1: that's exactly what we're seeing play out right now in Ireland. 362 00:19:30,520 --> 00:19:32,359 Speaker 1: And the reason why it's important to you is because 363 00:19:32,800 --> 00:19:36,320 Speaker 1: it's not just Ireland. It's the EU, it's Europe, and 364 00:19:36,359 --> 00:19:39,119 Speaker 1: it's the United States, it's most of the developed world. 365 00:19:39,119 --> 00:19:42,560 Speaker 1: It's also Canada, it's also Australia, and it's coming to 366 00:19:42,600 --> 00:19:45,159 Speaker 1: a country you're near. You now what we saw, Like 367 00:19:45,240 --> 00:19:48,199 Speaker 1: I said, uf SEE legend Connor McGregor called Ireland to 368 00:19:48,400 --> 00:19:52,160 Speaker 1: rally together and ensure that the stabbing of three young 369 00:19:52,240 --> 00:19:55,399 Speaker 1: children and two adults last week is never repeated. That 370 00:19:55,560 --> 00:19:58,399 Speaker 1: doesn't sound too bad, sounds pretty good to me. The 371 00:19:58,520 --> 00:20:02,119 Speaker 1: problem is that, well, the problem for Ireland is that 372 00:20:02,160 --> 00:20:05,960 Speaker 1: the suspect is believed to be a foreign national. And 373 00:20:06,400 --> 00:20:10,040 Speaker 1: there's a problem where most of Europe has a massive 374 00:20:10,280 --> 00:20:13,520 Speaker 1: immigration problem happening all throughout Europe, sort of like what 375 00:20:13,560 --> 00:20:16,080 Speaker 1: we see in the United States happening as well. About 376 00:20:16,080 --> 00:20:18,280 Speaker 1: eight million people have come across our border. That is 377 00:20:18,359 --> 00:20:22,160 Speaker 1: not in consequential number, but all throughout the UK, through France, 378 00:20:22,240 --> 00:20:25,840 Speaker 1: through England, and in Ireland they have massive amounts of 379 00:20:25,880 --> 00:20:32,000 Speaker 1: immigration and there's fireworks, there's lots of I hate to 380 00:20:32,000 --> 00:20:33,720 Speaker 1: even say the different types of crimes because it's just 381 00:20:33,760 --> 00:20:37,200 Speaker 1: so heinous to even say, but it's bad. And here 382 00:20:37,200 --> 00:20:41,040 Speaker 1: we have immigrants, illegal immigrants potentially. I don't know the 383 00:20:41,119 --> 00:20:44,240 Speaker 1: exact details of that. But when we have violence breakout 384 00:20:44,280 --> 00:20:47,760 Speaker 1: and the people are dying and the government doesn't do 385 00:20:47,960 --> 00:20:52,720 Speaker 1: anything to protect the people, if you think about, don't 386 00:20:52,760 --> 00:20:56,240 Speaker 1: think about, go do your research. The role of the 387 00:20:56,240 --> 00:20:59,280 Speaker 1: government is to protect the people. That's it. Let me 388 00:20:59,320 --> 00:21:01,480 Speaker 1: just break this down for you philosophically. I wasn't planning 389 00:21:01,480 --> 00:21:05,000 Speaker 1: on doing this, but check it out. Okay, you, as 390 00:21:05,000 --> 00:21:10,040 Speaker 1: a human, you have a right to your life and property. Okay, 391 00:21:10,240 --> 00:21:11,879 Speaker 1: I have a right to do that. I have a 392 00:21:11,960 --> 00:21:14,800 Speaker 1: right to defend my life and my property. I do 393 00:21:14,880 --> 00:21:17,159 Speaker 1: not condone. I don't believe anybody has a right to 394 00:21:17,320 --> 00:21:20,119 Speaker 1: exert aggression towards somebody else. It's sort of like a 395 00:21:20,119 --> 00:21:22,560 Speaker 1: libertarian non aggression principle. But you have a right to 396 00:21:22,600 --> 00:21:27,720 Speaker 1: defend yourself, all right. Now. Collectively, if I'm under attack, 397 00:21:27,840 --> 00:21:30,640 Speaker 1: me and my neighbor, my neighbor and I could join 398 00:21:30,720 --> 00:21:35,000 Speaker 1: together to defend myself and my property. Maybe my neighborhood 399 00:21:35,240 --> 00:21:39,680 Speaker 1: could join together to collectively protect our neighborhood, our property, 400 00:21:39,720 --> 00:21:43,240 Speaker 1: in our life. Maybe as a city, or a state 401 00:21:43,520 --> 00:21:47,240 Speaker 1: or a country, we could collectively join together to protect 402 00:21:47,240 --> 00:21:50,119 Speaker 1: our property and our lives. And that's exactly what the 403 00:21:50,119 --> 00:21:53,240 Speaker 1: state is. Because I have the power to defend my 404 00:21:53,359 --> 00:21:58,080 Speaker 1: life and my property, then collectively we can assign that 405 00:21:58,280 --> 00:22:01,960 Speaker 1: right of protecting our lives and our property to groups 406 00:22:02,200 --> 00:22:04,960 Speaker 1: such as the state. That is what the state has 407 00:22:05,000 --> 00:22:07,439 Speaker 1: power to do. The state does not have power to 408 00:22:07,560 --> 00:22:10,400 Speaker 1: exert power and control outside of that right, no more 409 00:22:10,440 --> 00:22:13,600 Speaker 1: than I do. I can't just go say I can 410 00:22:13,600 --> 00:22:16,080 Speaker 1: do whatever I want. No, No, I can defend myself. 411 00:22:16,080 --> 00:22:17,840 Speaker 1: That's what I have the right to protect power on, 412 00:22:18,080 --> 00:22:19,639 Speaker 1: and that is what goes to the States. So if 413 00:22:19,720 --> 00:22:22,000 Speaker 1: you look at the founding of any nation, the founding 414 00:22:22,000 --> 00:22:24,359 Speaker 1: of the United States, the role of the United States 415 00:22:24,440 --> 00:22:29,320 Speaker 1: government is to protect its citizens, protected citizens from well, 416 00:22:29,359 --> 00:22:31,919 Speaker 1: if you've sworn it on the constitution, of enemies, both 417 00:22:31,960 --> 00:22:35,800 Speaker 1: foreign and domestic. So they're supposed to secure the borders. 418 00:22:36,000 --> 00:22:39,440 Speaker 1: They're supposed to defend us from invasion. Well, eight million 419 00:22:39,440 --> 00:22:42,640 Speaker 1: people coming across the southern border is certainly not protecting 420 00:22:42,720 --> 00:22:45,040 Speaker 1: us from invasion. That's in the United States. It's happening 421 00:22:45,080 --> 00:22:47,960 Speaker 1: in other countries. That's what's happening in Ireland now. Instead 422 00:22:48,000 --> 00:22:52,719 Speaker 1: of protecting the citizens like they're supposed to, instead they 423 00:22:52,760 --> 00:22:56,920 Speaker 1: attack the citizens. Instead of protecting the citizens of the 424 00:22:56,960 --> 00:23:00,480 Speaker 1: United States and closing the border. Who knows potential how 425 00:23:00,520 --> 00:23:03,359 Speaker 1: many terror cells could come across the border. We have 426 00:23:03,440 --> 00:23:08,240 Speaker 1: no idea. Instead of protecting us from that, they're attacking 427 00:23:08,280 --> 00:23:10,280 Speaker 1: the citizens. Let's break it down. Conor McGregor, So we 428 00:23:10,280 --> 00:23:13,320 Speaker 1: went to social media. He went to x and he 429 00:23:13,400 --> 00:23:16,000 Speaker 1: voiced his anger at the stabbings. Hey, everyone should be angry. 430 00:23:16,160 --> 00:23:18,360 Speaker 1: He told his followers quote, we are not losing any 431 00:23:18,440 --> 00:23:21,119 Speaker 1: more of our women and children to sick and twisted 432 00:23:21,119 --> 00:23:23,359 Speaker 1: people who should not even be in Ireland the first place. 433 00:23:24,080 --> 00:23:27,159 Speaker 1: Oh wow, the hate that is so bad. As a 434 00:23:27,200 --> 00:23:28,680 Speaker 1: matter of fact, I'm gonna read the quote. Hopefully I 435 00:23:28,680 --> 00:23:30,600 Speaker 1: won't get canceled for it. He said, isn't that something 436 00:23:31,200 --> 00:23:33,520 Speaker 1: The absolute picture of a weak and feeble The most 437 00:23:33,520 --> 00:23:37,240 Speaker 1: divisive of all is the weak man. Okay, so I'll 438 00:23:37,280 --> 00:23:41,600 Speaker 1: break there. So the legacy media the world, they want 439 00:23:41,680 --> 00:23:46,440 Speaker 1: to tell you that toxic masculinity is a problem, that 440 00:23:46,600 --> 00:23:52,840 Speaker 1: strong men are the problem. But as he's saying, as 441 00:23:52,880 --> 00:23:55,400 Speaker 1: I would agree, you think strong men are dangerous, wait 442 00:23:55,440 --> 00:23:57,960 Speaker 1: till you see weak men. And that's what he says 443 00:23:58,040 --> 00:24:02,520 Speaker 1: right here, saying that the most divisive of all is 444 00:24:02,560 --> 00:24:05,640 Speaker 1: a weak man. You ever heard of the Napoleon complex? Right? 445 00:24:05,800 --> 00:24:08,520 Speaker 1: The Napoleon complex is when you're a little weak man, 446 00:24:08,840 --> 00:24:12,760 Speaker 1: you have to pretend like you're big and strong. If 447 00:24:12,800 --> 00:24:16,359 Speaker 1: you're a big six foot four, two hundred and fifty 448 00:24:16,400 --> 00:24:22,280 Speaker 1: pounds muscular bodybuilder, mma, you're typically not trying to show 449 00:24:22,320 --> 00:24:24,959 Speaker 1: that you're strong. It's like why guys that drive sports 450 00:24:24,960 --> 00:24:28,000 Speaker 1: cars don't typically drive them very fast. Everyone already knows 451 00:24:28,040 --> 00:24:31,719 Speaker 1: they're fast. And so you think strongmen are dangerous, wait 452 00:24:31,760 --> 00:24:33,359 Speaker 1: till you see weak men. And that's exactly what he's 453 00:24:33,359 --> 00:24:35,280 Speaker 1: saying here. He said, one of the most terrific crimes 454 00:24:35,280 --> 00:24:37,080 Speaker 1: this nation has ever seen has occurred. We do not 455 00:24:37,119 --> 00:24:39,720 Speaker 1: care anymore what you sad cases have got to say 456 00:24:39,760 --> 00:24:43,160 Speaker 1: in a war. You are nothing. We are not backing down, 457 00:24:43,280 --> 00:24:45,280 Speaker 1: we are warming up. There will be no backing down 458 00:24:45,359 --> 00:24:50,000 Speaker 1: until real change is implemented for the safety of our nation. Now, 459 00:24:50,000 --> 00:24:52,360 Speaker 1: you would think the nation would get behind that message, 460 00:24:52,400 --> 00:24:55,120 Speaker 1: because isn't that the role of the nation, the safety 461 00:24:55,200 --> 00:24:58,480 Speaker 1: of their people. That's what he's asking for, until real 462 00:24:58,520 --> 00:25:01,640 Speaker 1: change is implemented by the safety of our nation. Yes, 463 00:25:01,680 --> 00:25:03,480 Speaker 1: the nation should be on board with that. He goes 464 00:25:03,520 --> 00:25:05,439 Speaker 1: on to say, quote, We're not losing any more of 465 00:25:05,440 --> 00:25:07,320 Speaker 1: our women and children too, sick and twisted people who 466 00:25:07,359 --> 00:25:09,160 Speaker 1: should not even be here in Ireland in the first place. 467 00:25:09,960 --> 00:25:12,800 Speaker 1: That has now put him in the crosshairs and he 468 00:25:12,880 --> 00:25:16,720 Speaker 1: is now under investigation for a series of tweets saying 469 00:25:16,760 --> 00:25:19,760 Speaker 1: that because of the stabbing. Now he is sparking hate 470 00:25:19,760 --> 00:25:23,760 Speaker 1: speech and under a new law in Ireland, that's a crime. 471 00:25:24,080 --> 00:25:26,720 Speaker 1: In Ireland there was massive riots. They're not riots, but 472 00:25:26,800 --> 00:25:31,000 Speaker 1: protests that happened erupted. A bunch of people looted and 473 00:25:31,040 --> 00:25:34,960 Speaker 1: threw stones and rocks and whatever. Connor Grigger did actually 474 00:25:35,240 --> 00:25:38,520 Speaker 1: say to not do that. He did not condone the violence. 475 00:25:38,640 --> 00:25:41,280 Speaker 1: As a matter of fact, he said that it fixed nothing. 476 00:25:41,760 --> 00:25:44,399 Speaker 1: He said that, so he actually spoke out against that. 477 00:25:44,800 --> 00:25:47,560 Speaker 1: And then throughout Ireland we've seen people starting the graffiti 478 00:25:47,600 --> 00:25:53,320 Speaker 1: messages that say Irish Lives matter, which now the police 479 00:25:53,400 --> 00:25:56,159 Speaker 1: in Ireland are saying that is a hate crime. So 480 00:25:56,520 --> 00:26:00,320 Speaker 1: by being pride of your nationality of your country, that's 481 00:26:00,359 --> 00:26:03,640 Speaker 1: a hate crime. This isn't like a race. This isn't 482 00:26:03,680 --> 00:26:05,760 Speaker 1: saying like white Lives Matter, which they said was a 483 00:26:05,960 --> 00:26:09,520 Speaker 1: hate crime during the BLM thing. This is Irish. This 484 00:26:09,640 --> 00:26:13,440 Speaker 1: is anybody that's in Ireland. If you've immigrated to Ireland, 485 00:26:13,480 --> 00:26:16,440 Speaker 1: you went to Ireland because you want to be in Ireland. 486 00:26:16,480 --> 00:26:19,920 Speaker 1: You should also be proud of Irish. So to say 487 00:26:19,960 --> 00:26:23,280 Speaker 1: that Irish lives matter is a hate crime. I mean 488 00:26:23,320 --> 00:26:27,640 Speaker 1: it's just insane. You know, this Algerian born man lived 489 00:26:27,640 --> 00:26:30,920 Speaker 1: in Ireland. He stabbed these people. Bystanders intervened, they ended 490 00:26:31,000 --> 00:26:33,800 Speaker 1: up getting stabbed they should be doing something about it, 491 00:26:33,920 --> 00:26:37,920 Speaker 1: in my opinion, and instead, again the nation which should 492 00:26:38,000 --> 00:26:40,280 Speaker 1: be out there serving the interests of the people, to 493 00:26:40,440 --> 00:26:43,560 Speaker 1: protect their property, to protect their life. Maybe it's just 494 00:26:43,600 --> 00:26:47,439 Speaker 1: the United States name Life, Liberty, and Happiness is what 495 00:26:47,440 --> 00:26:49,879 Speaker 1: we're known, but it's actually life, liberty and property was 496 00:26:49,880 --> 00:26:52,840 Speaker 1: the original writing of that, and that's what the goal 497 00:26:52,920 --> 00:26:56,120 Speaker 1: of the government is. To protect those things, not turn 498 00:26:56,160 --> 00:26:58,600 Speaker 1: them into hate speech. But again, this is what's happening. 499 00:26:59,119 --> 00:27:02,199 Speaker 1: Canada has been a passing all new sweeping laws on 500 00:27:02,200 --> 00:27:04,479 Speaker 1: what they consider hate speech. The United States has been 501 00:27:04,480 --> 00:27:06,359 Speaker 1: passing new laws on what they consider hate speech. But 502 00:27:06,359 --> 00:27:09,600 Speaker 1: the problem is how do you define it. If you're 503 00:27:09,600 --> 00:27:10,920 Speaker 1: just tune in, you listening to the Mark mas Show, 504 00:27:10,920 --> 00:27:12,359 Speaker 1: I gotta take a very quick break, but I'll be 505 00:27:12,440 --> 00:27:14,639 Speaker 1: right back. Don't go away, all right, Welcome back. If 506 00:27:14,640 --> 00:27:16,560 Speaker 1: you just tune in you're listening to the Mark mass Show. 507 00:27:16,560 --> 00:27:18,800 Speaker 1: We're running through some of the latest breaking news headlines 508 00:27:19,280 --> 00:27:22,160 Speaker 1: as we look at it through the lens of politics, finance, 509 00:27:22,480 --> 00:27:29,240 Speaker 1: and technology. Now updates on the economy. We are now 510 00:27:29,359 --> 00:27:33,840 Speaker 1: facing record breaking markets. In twenty twenty four, the S 511 00:27:33,920 --> 00:27:37,480 Speaker 1: and P five hundred could hit a record five one 512 00:27:37,560 --> 00:27:41,640 Speaker 1: hundred next year, breaking records at least according to deutia Bank. 513 00:27:42,040 --> 00:27:46,119 Speaker 1: Deutsche Bank says that there is not just a soft landing, 514 00:27:46,480 --> 00:27:49,520 Speaker 1: but no landing at all, that the plane will continue 515 00:27:49,560 --> 00:27:52,479 Speaker 1: to take off. Now, the old news that you've been 516 00:27:52,480 --> 00:27:54,560 Speaker 1: hearing from the banks and from the media and from 517 00:27:54,600 --> 00:27:57,240 Speaker 1: the talking heads is that the market's gonna crash. The 518 00:27:57,280 --> 00:28:00,680 Speaker 1: market's gonna crash. When the FED raises rates, the risk 519 00:28:00,720 --> 00:28:03,240 Speaker 1: cre rate goes up. The stocks have to come down, right, 520 00:28:03,920 --> 00:28:06,639 Speaker 1: The pe rasos have to come down to adjust for 521 00:28:06,680 --> 00:28:09,399 Speaker 1: the risk creerate of return. When mortgage rates go from 522 00:28:09,840 --> 00:28:13,280 Speaker 1: two three percent to eight percent, Home prices have to crash, right, 523 00:28:13,480 --> 00:28:16,639 Speaker 1: have to have to, have to. They don't have to. 524 00:28:17,880 --> 00:28:20,199 Speaker 1: They don't have to because they haven't. People have been 525 00:28:20,200 --> 00:28:22,480 Speaker 1: talking about a housing crash since the FED started raising rates. 526 00:28:22,480 --> 00:28:24,280 Speaker 1: They talk about a market crash since the FED started 527 00:28:24,359 --> 00:28:28,160 Speaker 1: raising rates. And here we are two years later. Now. 528 00:28:28,880 --> 00:28:31,240 Speaker 1: If you tune into my main YouTube channel, Mark Moss, 529 00:28:31,480 --> 00:28:33,840 Speaker 1: you know that I've been telling you for a year 530 00:28:33,920 --> 00:28:36,360 Speaker 1: now the markets weren't going to crash. I think I've 531 00:28:36,359 --> 00:28:40,240 Speaker 1: made nine videos breaking down why. I don't just say that, 532 00:28:40,360 --> 00:28:42,880 Speaker 1: I break down the math and I show you why 533 00:28:43,600 --> 00:28:46,000 Speaker 1: and here we are. Now. I do want to preface 534 00:28:46,040 --> 00:28:50,640 Speaker 1: this by saying, yes, one hundred percent, I can now 535 00:28:50,920 --> 00:28:54,080 Speaker 1: ninety nine point ninety nine percent. I can guarantee that 536 00:28:54,200 --> 00:28:57,720 Speaker 1: there will be a market crash. That's because crashes happen 537 00:28:57,800 --> 00:29:01,320 Speaker 1: all the time. The question is when I'm not saying 538 00:29:01,320 --> 00:29:03,520 Speaker 1: there will never be another crash in the history of 539 00:29:03,560 --> 00:29:06,000 Speaker 1: the world. I was just saying for the last year 540 00:29:06,040 --> 00:29:08,120 Speaker 1: it wasn't going to happen this year. And I tell 541 00:29:08,160 --> 00:29:12,880 Speaker 1: you why. And the reason why is because the Federal Reserve, 542 00:29:13,040 --> 00:29:16,960 Speaker 1: the central banks, the monetary system cannot deleverage. It can 543 00:29:17,040 --> 00:29:21,560 Speaker 1: only go up. Now, nothing goes up in a straight line. 544 00:29:21,600 --> 00:29:23,400 Speaker 1: It goes up and down. We're sort of in this 545 00:29:23,760 --> 00:29:28,040 Speaker 1: sideways sort of consolidation, crab walk, whatever you want to 546 00:29:28,080 --> 00:29:29,800 Speaker 1: call it. The markets are going up and down, up 547 00:29:29,800 --> 00:29:32,040 Speaker 1: and down, up and down. We're staying in a predictable range. 548 00:29:32,160 --> 00:29:36,320 Speaker 1: So there's always movement, but not the big crash. And 549 00:29:36,360 --> 00:29:38,800 Speaker 1: now the mood has totally changed. Deutsche Bank says that 550 00:29:39,280 --> 00:29:42,520 Speaker 1: next year we'll see a record high in the S 551 00:29:42,520 --> 00:29:45,680 Speaker 1: and P five hundred. Now, Deutsche Bank, they've become the 552 00:29:45,800 --> 00:29:48,760 Speaker 1: latest big name on Wall Street to now issue this 553 00:29:48,880 --> 00:29:52,719 Speaker 1: bullet bullish stock market forecast for twenty twenty four, and 554 00:29:53,000 --> 00:29:55,160 Speaker 1: most of the analysts are now starting to come and 555 00:29:55,240 --> 00:30:00,320 Speaker 1: change their tune as well. And it's no surprise said 556 00:30:00,560 --> 00:30:03,080 Speaker 1: the markets haven't gone down. They haven't gone down with 557 00:30:03,120 --> 00:30:05,640 Speaker 1: the Fed raising rates, and now here we are the 558 00:30:05,680 --> 00:30:08,560 Speaker 1: Fed getting ready to start lowering them again. So we 559 00:30:08,680 --> 00:30:12,880 Speaker 1: survived the rate increases. Here we are ready to start 560 00:30:12,920 --> 00:30:15,080 Speaker 1: seeing the rates go down. Now, a couple of things 561 00:30:15,120 --> 00:30:18,479 Speaker 1: I want to say. First off, they said that the 562 00:30:19,040 --> 00:30:21,960 Speaker 1: private stocks have to go down because the Fed funds 563 00:30:22,200 --> 00:30:25,200 Speaker 1: went up, and that we have to see a recession. 564 00:30:26,560 --> 00:30:30,680 Speaker 1: But have we already had both? As a matter of fact, 565 00:30:31,120 --> 00:30:33,680 Speaker 1: if you remember, for this year, the first two quarters 566 00:30:33,680 --> 00:30:37,560 Speaker 1: of this year technically saw a recession, two quarters of 567 00:30:37,800 --> 00:30:40,600 Speaker 1: negative economic growth. Now, the Biden White House came out 568 00:30:40,600 --> 00:30:43,480 Speaker 1: and said, oh, technically that's not a recession because not 569 00:30:43,520 --> 00:30:47,080 Speaker 1: all the factors are there. But we sort of did 570 00:30:47,080 --> 00:30:49,520 Speaker 1: have a recession. They said that the markets would have 571 00:30:49,520 --> 00:30:51,280 Speaker 1: to crash, Well they sort of did. The S and 572 00:30:51,280 --> 00:30:54,600 Speaker 1: P five hundred went down by twenty seven percent. That 573 00:30:54,680 --> 00:30:59,560 Speaker 1: seems like a crash to me. Now maybe they were 574 00:30:59,560 --> 00:31:04,360 Speaker 1: expecting sixty eight percent whatever, But maybe we've already gone 575 00:31:04,520 --> 00:31:08,080 Speaker 1: through it. Now I don't know where am I at. Well, 576 00:31:08,160 --> 00:31:10,400 Speaker 1: let's see fifty one hundred. Will we get to a 577 00:31:10,400 --> 00:31:14,160 Speaker 1: new all time time next year? There's no such thing 578 00:31:14,200 --> 00:31:17,440 Speaker 1: as certainty, there's only probabilities, so we think of what's probable. 579 00:31:17,720 --> 00:31:20,880 Speaker 1: Let's see, we're going into an election year, so right 580 00:31:20,920 --> 00:31:22,120 Speaker 1: off the bat, we know they're going to need the 581 00:31:22,120 --> 00:31:27,360 Speaker 1: markets to be up. No incumbent president has ever won 582 00:31:27,680 --> 00:31:30,320 Speaker 1: when the markets are crashing, which is part of the 583 00:31:30,320 --> 00:31:33,760 Speaker 1: reason why many people say that the markets were crashed 584 00:31:33,920 --> 00:31:37,120 Speaker 1: with Trump running in the last presidential election, and so 585 00:31:37,280 --> 00:31:41,040 Speaker 1: no incumbent president meaning Biden, could win in a market 586 00:31:41,160 --> 00:31:44,440 Speaker 1: that's crashing or a recession. So right off the bat, 587 00:31:44,480 --> 00:31:46,560 Speaker 1: they don't want a recession to happen or they'll probably 588 00:31:46,600 --> 00:31:48,280 Speaker 1: lose power, so they'll probably do everything in their power 589 00:31:48,360 --> 00:31:50,960 Speaker 1: to keep it going up. We also understand the constraints 590 00:31:50,960 --> 00:31:52,640 Speaker 1: and I talk about this all the time, the constraints 591 00:31:52,640 --> 00:31:55,080 Speaker 1: of where the Treasury and the Fed is and the 592 00:31:55,120 --> 00:31:57,080 Speaker 1: amount of debt that we need they have to continue 593 00:31:57,120 --> 00:31:59,800 Speaker 1: to print. So it looks like we're going to have 594 00:31:59,800 --> 00:32:02,120 Speaker 1: an easy monetary environment. We're going to see an expanding 595 00:32:02,200 --> 00:32:06,560 Speaker 1: monetary environment, and the political appetite will also be that 596 00:32:07,160 --> 00:32:09,320 Speaker 1: there is no recession and the markets don't crash, So 597 00:32:10,000 --> 00:32:13,760 Speaker 1: the powers that be seem pretty aligned to not keep 598 00:32:13,800 --> 00:32:17,680 Speaker 1: the markets from crashing. Now, the problem with that is 599 00:32:17,680 --> 00:32:20,280 Speaker 1: that if they do that, then we see massive inflation. 600 00:32:21,240 --> 00:32:25,920 Speaker 1: We've already seen massive inflation. So it's a proverbial rock 601 00:32:25,960 --> 00:32:28,920 Speaker 1: in a hard place. We either let the markets crash 602 00:32:29,000 --> 00:32:31,320 Speaker 1: and inflation goes down, or we don't let the markets 603 00:32:31,360 --> 00:32:35,440 Speaker 1: crash and inflation goes up. Well, which would you choose 604 00:32:35,480 --> 00:32:37,200 Speaker 1: in a political environment where you want to win the 605 00:32:37,240 --> 00:32:41,760 Speaker 1: election and when you're deal with the constraints, then you 606 00:32:41,840 --> 00:32:45,520 Speaker 1: have these wars happening. We got the Ukraine thing going on, 607 00:32:45,680 --> 00:32:48,880 Speaker 1: We've got the Middle East thing going on. So the 608 00:32:48,920 --> 00:32:53,320 Speaker 1: inflation is not because of the monetary system. It's not 609 00:32:53,360 --> 00:32:56,720 Speaker 1: because of the banks. Inflation is because of the wars. 610 00:32:57,200 --> 00:32:58,720 Speaker 1: You see. You're already starting to see this in the 611 00:32:58,720 --> 00:33:01,560 Speaker 1: headlines all over the place. I'm seeing headline after headline. 612 00:33:01,640 --> 00:33:04,160 Speaker 1: The White House is coming out with saying this, Scholars, 613 00:33:04,240 --> 00:33:06,960 Speaker 1: academics are coming on saying this, that inflation is not 614 00:33:07,400 --> 00:33:11,560 Speaker 1: because of the deficit. The inflation that we've seen is 615 00:33:11,600 --> 00:33:14,320 Speaker 1: not because of the increasing monetary base. That's what they're saying. 616 00:33:14,320 --> 00:33:16,440 Speaker 1: Headlines are popping up all over the place. They're already 617 00:33:16,480 --> 00:33:20,320 Speaker 1: starting to condition you, why do we have inflation? Then, oh, well, 618 00:33:20,360 --> 00:33:23,760 Speaker 1: it's because of supply chains and it's because of wars, 619 00:33:24,160 --> 00:33:27,040 Speaker 1: you see. So you're already starting to see this shift. 620 00:33:28,200 --> 00:33:31,720 Speaker 1: And now the banks are coming on board. Deutsche Bank's 621 00:33:31,760 --> 00:33:35,760 Speaker 1: coming on board. We got a Bank of America, Gold, MASSACS, RBC, BMO, 622 00:33:36,080 --> 00:33:40,440 Speaker 1: They're all the Wall Street firms that are now predicting 623 00:33:40,600 --> 00:33:45,840 Speaker 1: an upbeat for twenty twenty four. All right, now, if 624 00:33:45,880 --> 00:33:48,320 Speaker 1: you listen to the first segment of this show, If not, 625 00:33:48,440 --> 00:33:50,320 Speaker 1: you missed it on the you missed it, go back 626 00:33:50,320 --> 00:33:53,400 Speaker 1: and check out the podcast. I talked about two types 627 00:33:53,440 --> 00:33:56,680 Speaker 1: of crashes that could potentially happen. Most people think it's 628 00:33:56,720 --> 00:33:59,040 Speaker 1: going to be in deflationary crash, but there's also an 629 00:33:59,120 --> 00:34:02,760 Speaker 1: inflationary crash. And so just because prices go up doesn't 630 00:34:02,800 --> 00:34:06,520 Speaker 1: mean it's a good thing. So go back and listen 631 00:34:06,520 --> 00:34:08,799 Speaker 1: to that. If you need search the podcast Mark Mos 632 00:34:08,840 --> 00:34:10,480 Speaker 1: show you'll find it, or go watch it on YouTube 633 00:34:10,480 --> 00:34:12,759 Speaker 1: at the Market Destructor show. But we're seeing is the 634 00:34:12,800 --> 00:34:17,120 Speaker 1: federal reserves aggressive interest rate hikes are now backing down 635 00:34:17,400 --> 00:34:21,520 Speaker 1: the dot PLoP. The analysts are expecting that the rates 636 00:34:21,560 --> 00:34:24,560 Speaker 1: start coming down, and so if we've survided this far, 637 00:34:24,640 --> 00:34:27,680 Speaker 1: we continue to make it. Now, there is no such 638 00:34:27,719 --> 00:34:31,440 Speaker 1: thing as certainties. There's only probabilities. You start with what 639 00:34:31,480 --> 00:34:33,960 Speaker 1: you think your base case is, what you think is 640 00:34:34,120 --> 00:34:37,799 Speaker 1: the most probable outcome, and then you prepare for other 641 00:34:37,880 --> 00:34:40,799 Speaker 1: outcomes should they happen. Then what you do is you 642 00:34:40,880 --> 00:34:43,920 Speaker 1: closely watch the signs to figure out which one is 643 00:34:43,960 --> 00:34:46,160 Speaker 1: going to happen. Sort of how the FBI does their 644 00:34:46,200 --> 00:34:49,440 Speaker 1: threat assessment. So the FBI would use a model to 645 00:34:49,680 --> 00:34:51,960 Speaker 1: assess threats and they would say, okay, here's two potential 646 00:34:51,960 --> 00:34:54,239 Speaker 1: things that could happen. I don't know. We could have 647 00:34:54,440 --> 00:34:56,719 Speaker 1: a bombing and like a knife attack. I don't know, right, 648 00:34:56,760 --> 00:34:59,239 Speaker 1: So these two things could happen at this event. If 649 00:34:59,239 --> 00:35:01,759 Speaker 1: we were going to have this happened, what are the 650 00:35:01,800 --> 00:35:03,920 Speaker 1: steps the signposts that we would see to lead to 651 00:35:03,960 --> 00:35:06,520 Speaker 1: that or if this would be the threat, what would 652 00:35:06,520 --> 00:35:08,319 Speaker 1: be the signpost that lead us to think about this 653 00:35:08,400 --> 00:35:11,400 Speaker 1: threat assessment? So they come up with a couple of 654 00:35:11,440 --> 00:35:14,080 Speaker 1: different right based off of probabilities, a couple of threat assessments. 655 00:35:14,360 --> 00:35:16,279 Speaker 1: The steps or the signposts that they would see to 656 00:35:16,320 --> 00:35:19,239 Speaker 1: get to those outcomes, and then they watch and then 657 00:35:19,280 --> 00:35:22,680 Speaker 1: they go, oh, well, these couple signposts came true. So 658 00:35:22,760 --> 00:35:26,960 Speaker 1: now this has become the most probable outcome. And that's 659 00:35:27,000 --> 00:35:28,719 Speaker 1: exactly what you and I need to be doing. We 660 00:35:28,800 --> 00:35:31,080 Speaker 1: have to look at what are the potential outcomes inflation 661 00:35:31,160 --> 00:35:33,560 Speaker 1: and crash, deflation, a crash great, what has to happen 662 00:35:33,640 --> 00:35:35,600 Speaker 1: in order for those to happen? And we watch that. 663 00:35:36,320 --> 00:35:39,120 Speaker 1: In my opinion, seeing how the Federal Reserve has responded 664 00:35:39,200 --> 00:35:41,840 Speaker 1: to the crisises. I mean, look what happened when the 665 00:35:41,840 --> 00:35:45,239 Speaker 1: banks collapsed earlier this year. Within six days boom, they 666 00:35:45,239 --> 00:35:49,440 Speaker 1: set up the BTFP Bank Term Funding Program and got 667 00:35:49,600 --> 00:35:52,400 Speaker 1: one hundred billion dollars into the banks to prevent the 668 00:35:52,480 --> 00:35:55,080 Speaker 1: banks from crashing. Well, a couple banks went under. No 669 00:35:55,200 --> 00:35:58,239 Speaker 1: depositors lost money. So everyone's like, oh, Mark, but don't 670 00:35:58,280 --> 00:36:01,280 Speaker 1: you understand that this BEATFB. They've built up one hundred 671 00:36:01,280 --> 00:36:03,600 Speaker 1: billion dollars and you know, the Fed doesn't have a 672 00:36:03,640 --> 00:36:05,319 Speaker 1: plan for that, and it's gonna be really bad and 673 00:36:05,360 --> 00:36:06,960 Speaker 1: the banks are just gonna lose more money because those 674 00:36:07,000 --> 00:36:09,719 Speaker 1: bonds the prices are too high. Yeah, the Fed can 675 00:36:09,840 --> 00:36:11,440 Speaker 1: just take more of them but Mark, you don't understand 676 00:36:11,440 --> 00:36:13,560 Speaker 1: two point nine trillion dollars in commercial real estate mortgage 677 00:36:13,719 --> 00:36:15,000 Speaker 1: bonds that are gonna go bus So the banks are 678 00:36:15,000 --> 00:36:17,080 Speaker 1: gonna go bankrupt or the FED could just put them 679 00:36:17,080 --> 00:36:19,200 Speaker 1: on their balance sheet like they did before with mortgage 680 00:36:19,200 --> 00:36:23,200 Speaker 1: backed securities. Oh you don't understand, though, Mark. You know, 681 00:36:23,360 --> 00:36:27,000 Speaker 1: like these these companies could go you know, their stock 682 00:36:27,040 --> 00:36:29,600 Speaker 1: could drop, okay, and the FED could just buy their 683 00:36:29,600 --> 00:36:32,640 Speaker 1: stocks like they did in twenty twenty. Right, And so 684 00:36:32,800 --> 00:36:35,399 Speaker 1: look at the counters to each of these, Mark Twain said, 685 00:36:35,400 --> 00:36:37,239 Speaker 1: it's not the things you know for certain things. It's 686 00:36:37,280 --> 00:36:38,440 Speaker 1: not the things that you don't know they gets you 687 00:36:38,440 --> 00:36:40,200 Speaker 1: in trouble to things that you absolutely know for certain 688 00:36:40,520 --> 00:36:42,040 Speaker 1: If you're just tuning in listening to the Mark Mas 689 00:36:42,040 --> 00:36:43,960 Speaker 1: Show running through some of the latest breaking news headlines 690 00:36:44,000 --> 00:36:46,600 Speaker 1: this week so you can stay informed, stay one step 691 00:36:46,640 --> 00:36:49,839 Speaker 1: ahead of these central bankers and authoritarians, that's what I got. 692 00:36:49,880 --> 00:36:51,239 Speaker 1: Thanks so much for listening to the Next time,