1 00:00:00,200 --> 00:00:02,480 Speaker 1: All right, welcome back. You are listening to the Mark 2 00:00:02,560 --> 00:00:05,800 Speaker 1: Moa Show, and we are talking about bitcoin, We're talking 3 00:00:05,840 --> 00:00:11,879 Speaker 1: about cryptocurrencies, We're talking about the decentralized revolution. All right, now, 4 00:00:12,280 --> 00:00:15,040 Speaker 1: I got some big stuff to talk about today that uh. 5 00:00:15,160 --> 00:00:19,759 Speaker 1: I think he's going to be pretty funny, entertaining, exciting, 6 00:00:19,800 --> 00:00:22,520 Speaker 1: and it's really going to build a bigger picture for you. 7 00:00:22,520 --> 00:00:25,000 Speaker 1: You know. I think a lot of people are too 8 00:00:25,079 --> 00:00:28,080 Speaker 1: zoomed in thinking about the price of bitcoin and cryptocurrency 9 00:00:28,120 --> 00:00:31,520 Speaker 1: on a regular basis without really thinking about why. And 10 00:00:31,520 --> 00:00:33,559 Speaker 1: that's one question that I hear all the time. I've 11 00:00:33,560 --> 00:00:37,040 Speaker 1: been making content and education around bitcoin for about I 12 00:00:37,080 --> 00:00:40,159 Speaker 1: think about six years now, and in the United States, 13 00:00:40,240 --> 00:00:43,920 Speaker 1: over and over and over, I hear why, why do 14 00:00:44,000 --> 00:00:48,200 Speaker 1: we need it? What's the point? What good does it do? Um? 15 00:00:48,240 --> 00:00:50,360 Speaker 1: You know all these types of things, And I get 16 00:00:50,400 --> 00:00:52,239 Speaker 1: that if you're in the United States, you know, we 17 00:00:52,360 --> 00:00:57,080 Speaker 1: have a pretty reliable form of money, don't we. I 18 00:00:57,160 --> 00:01:01,400 Speaker 1: say that rhetorically, don't we. Uh. The dollar doesn't move 19 00:01:01,440 --> 00:01:05,679 Speaker 1: around as much as it might in Venezuela or Argentina 20 00:01:05,920 --> 00:01:09,520 Speaker 1: or Lebanon for that matter. Right now, um or Turkey. 21 00:01:09,560 --> 00:01:13,600 Speaker 1: Turkey is having a really, really big problem with their currency. However, 22 00:01:13,800 --> 00:01:16,600 Speaker 1: even though the dollar seems to be well, it is 23 00:01:17,080 --> 00:01:19,800 Speaker 1: a lot more stable than those other currencies, it's also 24 00:01:20,240 --> 00:01:23,720 Speaker 1: losing value like a rock. Now not as bad as them, 25 00:01:23,800 --> 00:01:26,560 Speaker 1: but like a rock. And so one of the many 26 00:01:26,600 --> 00:01:29,120 Speaker 1: reasons that we'll talk about if you join me each 27 00:01:29,160 --> 00:01:31,960 Speaker 1: and every week, which, by the way, you should while 28 00:01:32,000 --> 00:01:33,720 Speaker 1: you're listening, go ahead and pull out your phone instead 29 00:01:33,720 --> 00:01:36,319 Speaker 1: of calendar reminder for this date and time in this channel, 30 00:01:37,520 --> 00:01:38,880 Speaker 1: make sure you're tune in with me each and every week. 31 00:01:38,920 --> 00:01:42,360 Speaker 1: As we talked about bitcoin and cryptocurrencies and the decentralized revolution, 32 00:01:42,400 --> 00:01:45,319 Speaker 1: but today we're just talking about why why do we 33 00:01:45,400 --> 00:01:49,640 Speaker 1: even matter if we want to use a new something new? UM, 34 00:01:49,760 --> 00:01:53,440 Speaker 1: we have to understand why we want the new versus 35 00:01:53,480 --> 00:01:56,600 Speaker 1: the old. So UM, if you were going to switch 36 00:01:56,680 --> 00:02:00,840 Speaker 1: to UM c d s, let's see these anymore. If 37 00:02:00,880 --> 00:02:03,720 Speaker 1: you're gonna switch to streaming music instead of you buying 38 00:02:04,000 --> 00:02:06,600 Speaker 1: c d s, what's the difference. Well, CDs you had 39 00:02:06,640 --> 00:02:09,359 Speaker 1: to buy one for fifteen bucks and you only had 40 00:02:09,360 --> 00:02:11,440 Speaker 1: those songs, and if it got scratched you couldn't listen 41 00:02:11,480 --> 00:02:13,000 Speaker 1: to it anymore, and if you left it at home, 42 00:02:13,040 --> 00:02:15,720 Speaker 1: you didn't have it right, all these things. Now I 43 00:02:15,760 --> 00:02:18,440 Speaker 1: can have unlimited music, and I can have every song 44 00:02:18,480 --> 00:02:19,919 Speaker 1: I want, and it can be on my phone and 45 00:02:19,919 --> 00:02:21,560 Speaker 1: I can stream anywhere I go. Right, So you have 46 00:02:21,600 --> 00:02:24,160 Speaker 1: to understand what the new system is that's replacing the 47 00:02:24,200 --> 00:02:27,400 Speaker 1: old system. And unfortunately, just most people don't really understand 48 00:02:27,440 --> 00:02:31,360 Speaker 1: the old financial system. Well, I say old, it's still 49 00:02:31,360 --> 00:02:33,920 Speaker 1: the current. It's still the current today. But you know, 50 00:02:34,040 --> 00:02:38,560 Speaker 1: one of the things that is happening, um rapidly is that, 51 00:02:38,639 --> 00:02:40,720 Speaker 1: while as I said, the dollar is much more stable 52 00:02:40,760 --> 00:02:43,639 Speaker 1: than other currencies like in Turkey, which is having a 53 00:02:43,680 --> 00:02:48,480 Speaker 1: big problem, or Venezuela, Argentina, etcetera. Um, it's still falling 54 00:02:48,560 --> 00:02:52,399 Speaker 1: and purchasing power pretty dang fast. What do I mean 55 00:02:52,400 --> 00:02:55,120 Speaker 1: by that, Well, most of you listening right now have 56 00:02:55,280 --> 00:02:58,799 Speaker 1: probably noticed that it costs twice as much to fill 57 00:02:58,880 --> 00:03:01,680 Speaker 1: up your car today than it did a year ago. 58 00:03:02,560 --> 00:03:04,959 Speaker 1: You probably noticed that if you go to the grocery store, 59 00:03:05,440 --> 00:03:08,399 Speaker 1: you end up with way less groceries than you did 60 00:03:08,720 --> 00:03:12,240 Speaker 1: a year ago. Um. I think red meat is up, 61 00:03:13,520 --> 00:03:18,760 Speaker 1: you know, chickens up. Everything is up, and it's gotten 62 00:03:18,800 --> 00:03:22,400 Speaker 1: to the point where you know, the FED, the FEDO Reserve, 63 00:03:22,520 --> 00:03:25,960 Speaker 1: the government, they tell us what the inflation number is. Now, 64 00:03:26,200 --> 00:03:30,560 Speaker 1: what is inflation? Well, inflation is a lot of different things. 65 00:03:30,400 --> 00:03:34,320 Speaker 1: It's a nuanced argument or a nuance conversation, I should say, 66 00:03:34,320 --> 00:03:38,280 Speaker 1: But typically it's um, it's most most likely are most 67 00:03:38,280 --> 00:03:43,040 Speaker 1: typically represented as prices going up. So when the price 68 00:03:43,120 --> 00:03:46,520 Speaker 1: of gasoline went up, that was price inflation, right, things 69 00:03:46,560 --> 00:03:49,720 Speaker 1: like that. But what causes that to happen? Well, I 70 00:03:49,760 --> 00:03:52,720 Speaker 1: believe it's always caused by money inflation. So when you 71 00:03:52,800 --> 00:03:56,200 Speaker 1: inflate the money supply, when you create more money, um, 72 00:03:56,240 --> 00:03:59,760 Speaker 1: it causes prices to go up. Now I'm gonna dig 73 00:03:59,800 --> 00:04:01,880 Speaker 1: into that in a little bit more detail. But something 74 00:04:01,920 --> 00:04:05,680 Speaker 1: caught my eye this weekend, because of course this week 75 00:04:05,760 --> 00:04:08,600 Speaker 1: was Thanksgiving. I want to talk about this. So the 76 00:04:08,880 --> 00:04:12,320 Speaker 1: Federal Reserve, UM, the Federal Reserve, which of course runs 77 00:04:12,360 --> 00:04:14,960 Speaker 1: the central bank for the United States and runs the currency. 78 00:04:15,480 --> 00:04:18,280 Speaker 1: They put out a blog post that was pretty interesting 79 00:04:18,400 --> 00:04:23,360 Speaker 1: and it says, um, turkey or to furkey question mark 80 00:04:24,680 --> 00:04:30,920 Speaker 1: a protein price comparison for the thanks Giving meal. So um. Basically, 81 00:04:30,960 --> 00:04:33,440 Speaker 1: what they're saying is that I Thanksgiving dinner serving of 82 00:04:33,520 --> 00:04:36,800 Speaker 1: poultry of turkey cost one dollar and forty two cents, 83 00:04:37,240 --> 00:04:41,279 Speaker 1: but a soybean based dinner serving with the same amount 84 00:04:41,279 --> 00:04:47,040 Speaker 1: of calories cost sixty six cents. Mm hmm. So what 85 00:04:47,080 --> 00:04:50,599 Speaker 1: they're saying is, uh, price inflation got you down because 86 00:04:50,600 --> 00:04:52,880 Speaker 1: we printed way too many dollars and we're out of control. 87 00:04:53,200 --> 00:04:57,200 Speaker 1: Don't worry. Just don't eat turkey instead eat soybeans. That's 88 00:04:57,200 --> 00:05:01,640 Speaker 1: what they're literally saying to you. Um, that's what they 89 00:05:01,640 --> 00:05:05,680 Speaker 1: think about you. Um, but no, how about no? How 90 00:05:05,720 --> 00:05:08,400 Speaker 1: about no? I don't want soybeans. I want turkey, and 91 00:05:08,440 --> 00:05:11,120 Speaker 1: so my dollar the reason why turkey is so much 92 00:05:11,160 --> 00:05:14,719 Speaker 1: more expensive and I there's they're suggesting that if I 93 00:05:14,760 --> 00:05:17,080 Speaker 1: don't like the price of turkey going up, that I 94 00:05:17,080 --> 00:05:19,920 Speaker 1: should just buy soybeans instead. With the reason why is 95 00:05:19,960 --> 00:05:24,279 Speaker 1: because they printed almost eight trillion dollars in the last year, 96 00:05:24,760 --> 00:05:27,400 Speaker 1: eight trillion dollars. And when they dump into not in 97 00:05:27,400 --> 00:05:29,120 Speaker 1: the last year, over the last several years, and when 98 00:05:29,160 --> 00:05:32,400 Speaker 1: they dump in that much money, it causes prices to 99 00:05:32,560 --> 00:05:37,080 Speaker 1: go up. Now, let's look at if we were that's 100 00:05:37,120 --> 00:05:39,640 Speaker 1: that's if we're using dollars. So you have to understand 101 00:05:39,920 --> 00:05:42,520 Speaker 1: everything that you buy is really a trade, right, It's 102 00:05:42,520 --> 00:05:45,680 Speaker 1: always a barter. So I'm going to trade this turkey 103 00:05:45,839 --> 00:05:48,880 Speaker 1: four dollars. Right, I'm gonna trade this turkey for an 104 00:05:48,880 --> 00:05:51,599 Speaker 1: hour of my labor. I'm gonna trade this turkey for 105 00:05:51,960 --> 00:05:54,800 Speaker 1: this old picture that I have or whatever. Like I'm 106 00:05:54,839 --> 00:05:56,919 Speaker 1: trading it. I'm trading it for I'm trade you this 107 00:05:56,960 --> 00:05:59,920 Speaker 1: turkey for you know, one share of Tesla stock or 108 00:06:00,120 --> 00:06:02,159 Speaker 1: whatever it may be. Right, it's always a trade. And 109 00:06:02,200 --> 00:06:05,640 Speaker 1: since dollars represent half of pretty much every trade, everything 110 00:06:05,640 --> 00:06:08,720 Speaker 1: that we think about in America is denominant, and a 111 00:06:08,800 --> 00:06:11,560 Speaker 1: lot of the world is denominated in US dollars. But 112 00:06:11,640 --> 00:06:16,880 Speaker 1: because they're constantly manipulating the dollars, we lose sight of 113 00:06:17,080 --> 00:06:20,080 Speaker 1: really how much things are are costing us. So, for example, 114 00:06:21,640 --> 00:06:25,719 Speaker 1: while the price of um turkey has gone up in 115 00:06:26,040 --> 00:06:30,600 Speaker 1: US dollars, the price of turkey has actually come down 116 00:06:31,360 --> 00:06:34,080 Speaker 1: in bitcoin. So if we're using bitcoin as a denomination 117 00:06:34,160 --> 00:06:36,960 Speaker 1: as our store of value, it's actually come down. So 118 00:06:37,000 --> 00:06:41,520 Speaker 1: if I go to a year ago, um, November, if 119 00:06:41,520 --> 00:06:44,680 Speaker 1: we go back to November of last year, one bitcoin 120 00:06:44,839 --> 00:06:48,719 Speaker 1: was about eighteen thousand dollars and today one bitcoin is 121 00:06:48,760 --> 00:06:52,919 Speaker 1: you know, almost sixty thou dollars. So that's that means 122 00:06:52,960 --> 00:06:56,320 Speaker 1: that if I was using bitcoin as my denomination. I'm 123 00:06:56,360 --> 00:06:58,400 Speaker 1: just doing quick math in my head, so forgive me. 124 00:06:58,440 --> 00:07:02,200 Speaker 1: I'm not a math major. But basically, the turkey has 125 00:07:02,240 --> 00:07:04,599 Speaker 1: actually come down in value. It's about a third of 126 00:07:04,640 --> 00:07:07,680 Speaker 1: the price it used to be priced in bitcoin. It's 127 00:07:07,800 --> 00:07:09,680 Speaker 1: double the price it used to be a year ago, 128 00:07:09,760 --> 00:07:13,280 Speaker 1: priced in dollars, double in dollars, but it's a third 129 00:07:13,360 --> 00:07:17,480 Speaker 1: of the price in bitcoin. M hmmm, that's interesting, isn't 130 00:07:17,480 --> 00:07:21,920 Speaker 1: it very interesting? What happens is again, if you're thinking 131 00:07:21,920 --> 00:07:23,840 Speaker 1: about things in terms of dollars, you need to be 132 00:07:23,920 --> 00:07:27,880 Speaker 1: thing thinking about things in terms of purchasing power. And 133 00:07:27,920 --> 00:07:31,080 Speaker 1: so while the Fed wants to tell you, don't worry 134 00:07:31,080 --> 00:07:34,120 Speaker 1: about it, uh, of course, in this, in this, in 135 00:07:34,120 --> 00:07:37,280 Speaker 1: this blog post that they put here, they don't have 136 00:07:37,440 --> 00:07:41,360 Speaker 1: any data as to or any reasons why turkey has 137 00:07:41,400 --> 00:07:45,000 Speaker 1: gone up by um the double um. They don't they 138 00:07:45,000 --> 00:07:46,400 Speaker 1: don't want, They don't want to tell you that's because 139 00:07:46,440 --> 00:07:48,920 Speaker 1: they printed way too much money. They do spend some 140 00:07:49,040 --> 00:07:55,080 Speaker 1: time talking about how um. They do talk about how 141 00:07:55,400 --> 00:08:00,880 Speaker 1: soybeans have more kellac um calorie values, how it has 142 00:08:01,160 --> 00:08:04,760 Speaker 1: more protein than than turkey does. So they get into 143 00:08:04,840 --> 00:08:08,840 Speaker 1: that um. They talk about the average global price of 144 00:08:08,880 --> 00:08:13,600 Speaker 1: poultry has been six times higher than the price of soybeans. Um, 145 00:08:13,640 --> 00:08:15,960 Speaker 1: but they don't want to tell you why why has 146 00:08:16,080 --> 00:08:18,720 Speaker 1: the price of turkey gone up? Well, I want to 147 00:08:18,760 --> 00:08:20,440 Speaker 1: tell you why the price of turkey has gone up. 148 00:08:20,440 --> 00:08:23,920 Speaker 1: And again, this is why the entire financial system is 149 00:08:23,960 --> 00:08:27,560 Speaker 1: being undermined by cryptocurrencies, by bitcoin. This is this is 150 00:08:27,600 --> 00:08:29,960 Speaker 1: to give you the big why so you can have 151 00:08:30,000 --> 00:08:34,040 Speaker 1: this long, five, ten, twenty year time frame. I'm not 152 00:08:34,040 --> 00:08:35,240 Speaker 1: trying to tell you where the price is going to 153 00:08:35,280 --> 00:08:37,280 Speaker 1: be next week or what new hot coin to buy, 154 00:08:37,320 --> 00:08:39,439 Speaker 1: so hopefully that's what That's not what you're looking for, 155 00:08:39,800 --> 00:08:43,040 Speaker 1: trying to build the base so you can participate in 156 00:08:43,120 --> 00:08:47,520 Speaker 1: the largest wealth transfer you will ever see. So I'm 157 00:08:47,520 --> 00:08:49,520 Speaker 1: gonna tell you more about that, But I also want 158 00:08:49,520 --> 00:08:52,760 Speaker 1: to break down, Um, what the Fed is doing isn't 159 00:08:52,880 --> 00:08:55,560 Speaker 1: just affecting turkeys, as a matter of fact, it's affecting 160 00:08:55,559 --> 00:08:59,200 Speaker 1: everything else and it's putting us into a very very 161 00:08:59,360 --> 00:09:03,000 Speaker 1: dangerous situation. That was actually um given to us as 162 00:09:03,040 --> 00:09:08,600 Speaker 1: a warning about seventy years ago. Um yeah, and most 163 00:09:08,600 --> 00:09:11,200 Speaker 1: people are not heating that warning. But I'm gonna tell 164 00:09:11,200 --> 00:09:12,880 Speaker 1: you what it is, and I want to tell you unfortunately, 165 00:09:13,000 --> 00:09:17,160 Speaker 1: where things go from here when we get back. By 166 00:09:17,200 --> 00:09:19,120 Speaker 1: the way, you're listening to the Mark Ma Show and 167 00:09:19,160 --> 00:09:22,240 Speaker 1: we're talking about bitcoin, and we're talking about cryptocurrencies, and 168 00:09:22,280 --> 00:09:26,959 Speaker 1: we're talking about this decentralized revolution that's going to change 169 00:09:27,280 --> 00:09:31,880 Speaker 1: are in Hillary Clinton's words, undermine the entire financial system, 170 00:09:32,040 --> 00:09:33,679 Speaker 1: but not a bad way, in a good way. You 171 00:09:33,760 --> 00:09:36,200 Speaker 1: listen to the Mark Ma Show. I'll be right back. 172 00:09:36,800 --> 00:09:39,040 Speaker 1: All right, welcome back. You are listening to the Mark 173 00:09:39,120 --> 00:09:42,800 Speaker 1: Ma Show where we're talking about bitcoin and cryptocurrencies and 174 00:09:42,840 --> 00:09:47,240 Speaker 1: this decentralized revolution that's going on. And we were talking 175 00:09:47,280 --> 00:09:51,319 Speaker 1: about before the break, Um, seeing as it's Thanksgiving week, 176 00:09:51,679 --> 00:09:54,360 Speaker 1: we were talking about a blog post at the Federal 177 00:09:54,400 --> 00:09:58,640 Speaker 1: Reserve put together and they were telling you basically that, Um, 178 00:10:00,040 --> 00:10:02,360 Speaker 1: if I paraphrase here, they're basically saying, we know that 179 00:10:02,440 --> 00:10:05,240 Speaker 1: prices are really really expensive because we printed way too 180 00:10:05,320 --> 00:10:08,480 Speaker 1: much money. So instead of having turkey this year, you 181 00:10:08,559 --> 00:10:12,400 Speaker 1: might want to have to furky. Um. They didn't say 182 00:10:12,440 --> 00:10:16,079 Speaker 1: in those exact words, but they did basically say that, Um. 183 00:10:16,240 --> 00:10:20,080 Speaker 1: You they were basically comparing turkey to tofurkey, saying that, um, 184 00:10:20,080 --> 00:10:22,840 Speaker 1: they both have kind of the same calories. Um. However, 185 00:10:22,960 --> 00:10:26,280 Speaker 1: to furkey is about a third of the price and 186 00:10:26,360 --> 00:10:30,080 Speaker 1: so um. Because the reason why they put that out 187 00:10:30,120 --> 00:10:32,640 Speaker 1: is because of course it's gonna have it's gonna cost 188 00:10:32,679 --> 00:10:35,560 Speaker 1: you so much more money. Um, about three times the 189 00:10:35,559 --> 00:10:38,280 Speaker 1: amount of money to have turkey this year. Um, you 190 00:10:38,360 --> 00:10:42,400 Speaker 1: might want to consider having to furkey instead. I say no. 191 00:10:43,240 --> 00:10:45,520 Speaker 1: I say no, I I ain't doing that. I'm not 192 00:10:45,559 --> 00:10:47,480 Speaker 1: gonna eat the bugs. I'm not gonna eat the soy. 193 00:10:47,640 --> 00:10:50,520 Speaker 1: I want meat and so UM. What I want to 194 00:10:50,520 --> 00:10:53,439 Speaker 1: do then, is I want to find a different system 195 00:10:53,520 --> 00:10:58,640 Speaker 1: that's not making my purchasing power drop. All right, this 196 00:10:58,679 --> 00:11:02,040 Speaker 1: is why bit and this is why cryptocurrency, This is 197 00:11:02,080 --> 00:11:05,640 Speaker 1: why this revolution is happening. Right now, we have one group, 198 00:11:05,840 --> 00:11:09,800 Speaker 1: one entity that controls the money supply, and they create 199 00:11:09,880 --> 00:11:12,880 Speaker 1: more whenever they feel like it, and they give it 200 00:11:12,920 --> 00:11:16,000 Speaker 1: to all their buddies and friends so they can push 201 00:11:16,040 --> 00:11:19,600 Speaker 1: prices up on everybody else. Right now, there's a big subject. 202 00:11:19,720 --> 00:11:21,320 Speaker 1: And I know a lot of you might not be 203 00:11:21,360 --> 00:11:23,520 Speaker 1: caught up on this exactly, But let me just take 204 00:11:23,559 --> 00:11:26,160 Speaker 1: you through a thought experiment real quickly before I dive 205 00:11:26,200 --> 00:11:31,719 Speaker 1: into the rest of this. So if overnight, magically everybody 206 00:11:31,880 --> 00:11:34,079 Speaker 1: not just you, and that'd be great. A vision to you. 207 00:11:34,320 --> 00:11:38,360 Speaker 1: But let's say everybody magically woke up with an extra 208 00:11:39,679 --> 00:11:44,040 Speaker 1: billion dollars in their bank account. Not just do. If 209 00:11:44,320 --> 00:11:46,960 Speaker 1: just you, that'd be great, But if everybody did, would 210 00:11:47,000 --> 00:11:50,439 Speaker 1: you be more rich? And the answer is no, because 211 00:11:50,480 --> 00:11:52,960 Speaker 1: money isn't wealth, right, We need goods and services. And 212 00:11:53,000 --> 00:11:55,840 Speaker 1: what happens is, all of a sudden, we have more 213 00:11:55,920 --> 00:11:59,480 Speaker 1: money going to chase the same amount of goods and services. 214 00:11:59,679 --> 00:12:03,040 Speaker 1: And so what happens the prices go up, all right, 215 00:12:03,480 --> 00:12:07,120 Speaker 1: That's how that works. So when they print more money, 216 00:12:07,400 --> 00:12:09,440 Speaker 1: the prices go up. The reason why the prices go 217 00:12:09,600 --> 00:12:12,560 Speaker 1: up is because the value or the purchasing power of 218 00:12:12,559 --> 00:12:17,520 Speaker 1: those dollars go down. The more they create, the less 219 00:12:17,640 --> 00:12:20,480 Speaker 1: they have value, the less they'll buy, all right. So 220 00:12:20,520 --> 00:12:23,080 Speaker 1: that's why, as they've printed trillions of dollars in the 221 00:12:23,120 --> 00:12:26,800 Speaker 1: last year and a half, turkey used to be fifty 222 00:12:26,840 --> 00:12:29,760 Speaker 1: cents a pound and this year it's a dollar fifty pound, 223 00:12:30,960 --> 00:12:34,320 Speaker 1: not because turkey went up in value, because it takes 224 00:12:34,400 --> 00:12:38,920 Speaker 1: more of your dollars to buy the same turkey this year. 225 00:12:39,360 --> 00:12:41,520 Speaker 1: So what the Fed is saying is, don't worry about 226 00:12:41,559 --> 00:12:44,400 Speaker 1: buying turkey, just go by to fur key instead. Now, 227 00:12:45,240 --> 00:12:49,160 Speaker 1: if you hold your wealth in dollars, that's what you 228 00:12:49,200 --> 00:12:53,760 Speaker 1: deal with. Unfortunately, your dollars by thirty percent less house 229 00:12:53,880 --> 00:12:57,240 Speaker 1: today than they did a year ago. Your dollars by 230 00:12:57,280 --> 00:13:01,199 Speaker 1: thirty percent less car than they did year ago. Your 231 00:13:01,280 --> 00:13:05,160 Speaker 1: dollars by fifty percent less turkey than they did a 232 00:13:05,200 --> 00:13:07,080 Speaker 1: year ago. You see what that see what I'm see 233 00:13:07,080 --> 00:13:10,280 Speaker 1: what I'm talking about. And so that sounds pretty bad. 234 00:13:10,600 --> 00:13:13,199 Speaker 1: So you're telling me, Mark that a group of people 235 00:13:13,280 --> 00:13:15,000 Speaker 1: at the central bank have the power to create a 236 00:13:15,000 --> 00:13:17,960 Speaker 1: bunch of money and steal my wealth. Is that what 237 00:13:17,960 --> 00:13:22,440 Speaker 1: you're saying, work, Yeah, that's exactly what I'm saying. That's 238 00:13:22,480 --> 00:13:26,920 Speaker 1: exactly what I am saying. And and actually, let me 239 00:13:27,040 --> 00:13:29,880 Speaker 1: give it to you from somebody else. There was an 240 00:13:29,960 --> 00:13:32,240 Speaker 1: article written by the I m F. This is the 241 00:13:32,280 --> 00:13:35,640 Speaker 1: International Monetary Fund. So the International Monetary Fund is kind 242 00:13:35,640 --> 00:13:39,000 Speaker 1: of like a central bank. Above the central bank. So 243 00:13:39,080 --> 00:13:42,200 Speaker 1: each country in the United States, we have the Federal Reserve. 244 00:13:42,480 --> 00:13:45,160 Speaker 1: In Europe they have the European Central Bank, and each 245 00:13:45,160 --> 00:13:47,880 Speaker 1: country has their own central bank, and then above that 246 00:13:48,440 --> 00:13:50,439 Speaker 1: you have like the I m F. For the International 247 00:13:50,440 --> 00:13:54,960 Speaker 1: Monetary Fund. They wrote a paper in uh January one, 248 00:13:55,240 --> 00:13:57,480 Speaker 1: two fifteen. I'm gonna give you this specific so you 249 00:13:57,480 --> 00:13:59,240 Speaker 1: don't think I'm making this up. I have it in 250 00:13:59,320 --> 00:14:03,320 Speaker 1: front of me, and the title of the paper is 251 00:14:03,320 --> 00:14:07,720 Speaker 1: called the Liquidation of Government Debt. And I'm not going 252 00:14:07,760 --> 00:14:09,079 Speaker 1: to read the old paper because it's very long and 253 00:14:09,120 --> 00:14:11,080 Speaker 1: it's kind of boring. But on the summary, I'm gonna 254 00:14:11,080 --> 00:14:13,079 Speaker 1: read it for your word for word. Here on the summary, 255 00:14:13,440 --> 00:14:18,680 Speaker 1: high public debt often produces the drama of default and restructuring. 256 00:14:20,480 --> 00:14:23,440 Speaker 1: Like duh, if any of you had a lot of debt, 257 00:14:23,920 --> 00:14:25,880 Speaker 1: there would be drama. There would be a potential you 258 00:14:26,000 --> 00:14:28,800 Speaker 1: might have a default or have to restructure that debt, right, Okay, 259 00:14:28,800 --> 00:14:31,640 Speaker 1: so that's what they said. But they said, but debt 260 00:14:31,720 --> 00:14:38,000 Speaker 1: is also reduced through financial repression. Keyword financial repression. Think 261 00:14:38,000 --> 00:14:40,960 Speaker 1: about that. I'll explain that in a second um. Debt 262 00:14:41,000 --> 00:14:44,920 Speaker 1: is also reduced through financial repression, a tax on bond 263 00:14:44,960 --> 00:14:51,520 Speaker 1: holders and savers via negative or below market real rates. 264 00:14:52,000 --> 00:14:54,560 Speaker 1: So what they're saying is when they have a lot 265 00:14:54,560 --> 00:14:56,320 Speaker 1: of debts, so the government has a lot of debt, 266 00:14:57,680 --> 00:15:01,080 Speaker 1: the debt can be reduced through financial repression. The financial 267 00:15:01,080 --> 00:15:05,040 Speaker 1: oppression is basically stealing from you, and so they do 268 00:15:05,080 --> 00:15:08,240 Speaker 1: it two ways. It says here back to reading directly 269 00:15:08,280 --> 00:15:12,160 Speaker 1: from them. It says capital controls and regulatory restrictions created 270 00:15:12,160 --> 00:15:16,400 Speaker 1: a captive audience for government debt, so they use capital controls. 271 00:15:16,400 --> 00:15:19,080 Speaker 1: They use things to lock you in like UM, India 272 00:15:19,440 --> 00:15:22,160 Speaker 1: or China not allowing you to buy cryptocurrency, so they 273 00:15:22,200 --> 00:15:25,920 Speaker 1: do capital controls and it limits its UH creates a 274 00:15:25,920 --> 00:15:30,280 Speaker 1: captive audience for government debt, limiting tax based erosion. Financial 275 00:15:30,320 --> 00:15:35,520 Speaker 1: repression is most successful in liquidating debt when accompanied by inflation. 276 00:15:36,160 --> 00:15:38,360 Speaker 1: So what they're saying is when they have a lot 277 00:15:38,360 --> 00:15:40,880 Speaker 1: of debt, which of course the government does, they can 278 00:15:40,920 --> 00:15:43,480 Speaker 1: do financial oppression. They can steal from you by a 279 00:15:43,480 --> 00:15:46,080 Speaker 1: couple of things. One capital controls, which trap you in 280 00:15:46,120 --> 00:15:48,680 Speaker 1: the system so you have no alternative, and then two 281 00:15:49,280 --> 00:15:52,800 Speaker 1: through inflation that means by printing more money, creating more money, 282 00:15:53,800 --> 00:15:56,280 Speaker 1: which which steals the value of the purchasing power of 283 00:15:56,280 --> 00:15:59,680 Speaker 1: your dollars. They're stealing from me that way and through bonds. 284 00:16:00,360 --> 00:16:04,000 Speaker 1: So if you have a traditional financial advisor UM, they 285 00:16:04,000 --> 00:16:06,320 Speaker 1: have most likely put you into something like a sixty 286 00:16:06,400 --> 00:16:13,120 Speaker 1: forty portfolio or it's six stocks, bonds, pensions, institutions, things 287 00:16:13,160 --> 00:16:16,360 Speaker 1: like that. That's they put all their money into bonds 288 00:16:16,440 --> 00:16:19,680 Speaker 1: or their money into bonds, and they steal your money 289 00:16:19,720 --> 00:16:23,640 Speaker 1: through bonds as well. So they're they're they're trapping you 290 00:16:23,680 --> 00:16:27,240 Speaker 1: in the system, and then through inflation and through negative rates, 291 00:16:27,320 --> 00:16:28,960 Speaker 1: they are stealing your wealth. This is the paper I 292 00:16:28,960 --> 00:16:30,720 Speaker 1: read directly from the i m F the Central Bank 293 00:16:30,720 --> 00:16:33,120 Speaker 1: about the central bank. This is what they're doing and 294 00:16:33,160 --> 00:16:36,600 Speaker 1: what they're and they're telling you, hey, hey, hey, hey, 295 00:16:36,840 --> 00:16:40,800 Speaker 1: never mind that, just go eat to fur key. Literally, 296 00:16:40,960 --> 00:16:44,680 Speaker 1: the World Economic Forum UH and the IMF are starting 297 00:16:44,720 --> 00:16:50,040 Speaker 1: to circulate papers telling you that bugs are actually really nutritious. 298 00:16:50,360 --> 00:16:53,920 Speaker 1: Did you know how nutritious bugs are? Did you know 299 00:16:54,000 --> 00:16:57,440 Speaker 1: that bugs? Some bugs are actually high end protein? Did 300 00:16:57,480 --> 00:17:00,160 Speaker 1: you know that bugs could be crunchy and delay? Just 301 00:17:01,440 --> 00:17:05,600 Speaker 1: mean they're literally telling you this. Why why? Because they 302 00:17:05,720 --> 00:17:09,360 Speaker 1: understand they're stealing so much wealth from you that you're 303 00:17:09,359 --> 00:17:11,399 Speaker 1: going to have no choice but to eat the tofur 304 00:17:11,520 --> 00:17:14,320 Speaker 1: key or to eat the bugs in the future. But 305 00:17:14,400 --> 00:17:17,080 Speaker 1: not me. I'm not gonna eat the bugs. I'm gonna 306 00:17:17,119 --> 00:17:19,840 Speaker 1: eat steak. And the reason I'm gonna eat steak is 307 00:17:19,840 --> 00:17:22,800 Speaker 1: because I won't stay trapped in their system. I won't 308 00:17:22,880 --> 00:17:25,840 Speaker 1: be subject to their financial repression. I will put my 309 00:17:25,960 --> 00:17:29,440 Speaker 1: money into a system that doesn't steal from me. And 310 00:17:29,560 --> 00:17:34,160 Speaker 1: that's what bitcoin is doing. That's why Hillary Clinton, that's why, 311 00:17:34,280 --> 00:17:38,920 Speaker 1: um Christine Legarde, that's why Janet Yelling is telling you 312 00:17:39,320 --> 00:17:43,760 Speaker 1: that it undermines the financial system. No no, no, no, no. 313 00:17:43,840 --> 00:17:48,760 Speaker 1: What it does. It undermines their capital controls. It undermines 314 00:17:48,840 --> 00:17:52,000 Speaker 1: their ability to keep you locked in this system so 315 00:17:52,040 --> 00:17:54,960 Speaker 1: they can continue to steal from you. That's what it does. 316 00:17:55,680 --> 00:17:59,720 Speaker 1: If it wasn't a better system, people wouldn't be switching 317 00:17:59,800 --> 00:18:02,200 Speaker 1: over to it. In a free market with free choice, 318 00:18:02,720 --> 00:18:05,800 Speaker 1: they don't want a free market. They don't want free choice, 319 00:18:05,920 --> 00:18:08,520 Speaker 1: so they want to take that choice away from you. 320 00:18:08,560 --> 00:18:12,800 Speaker 1: In their own words, the captive audience for government debt. 321 00:18:14,640 --> 00:18:16,680 Speaker 1: I know that's heavy. Now I'm gonna come back. I 322 00:18:16,720 --> 00:18:19,640 Speaker 1: want to tell you where this is going. In rapid orders. 323 00:18:19,680 --> 00:18:22,119 Speaker 1: You can protect yourself, so don't go away, all right, 324 00:18:22,160 --> 00:18:24,240 Speaker 1: Welcome back. You are listening to the Mark Moa Show, 325 00:18:24,280 --> 00:18:27,119 Speaker 1: and we're talking about bitcoin. We're talking about cryptocurrencies, and 326 00:18:27,119 --> 00:18:32,160 Speaker 1: we're talking about the decentralized revolution and specifically what we're 327 00:18:32,200 --> 00:18:34,520 Speaker 1: talking about. If you're with me before the break, we 328 00:18:34,600 --> 00:18:39,879 Speaker 1: are talking about why why why Bitcoin? Why should you 329 00:18:40,000 --> 00:18:43,840 Speaker 1: even care. Why do you even care? Why should anybody care? 330 00:18:43,880 --> 00:18:48,240 Speaker 1: Why do we need an alternative system at all? And so, well, 331 00:18:48,640 --> 00:18:51,240 Speaker 1: there's a million reasons why. And I'll cover each one 332 00:18:51,240 --> 00:18:53,840 Speaker 1: of them each and every week. Uh. And one of 333 00:18:53,840 --> 00:18:56,199 Speaker 1: those or multiple of these wise are going to hit 334 00:18:56,280 --> 00:18:58,800 Speaker 1: you really hard and you're gonna grasp it. But for 335 00:18:58,840 --> 00:19:01,560 Speaker 1: each person it probably means something different. So uh, there's 336 00:19:01,560 --> 00:19:03,680 Speaker 1: a million Wise, I'm gonna cover each one one by one, 337 00:19:03,720 --> 00:19:06,760 Speaker 1: So I guess that's a million weeks will be together. 338 00:19:06,800 --> 00:19:09,399 Speaker 1: So pull out your phone, put a reminder for this 339 00:19:09,480 --> 00:19:11,800 Speaker 1: channel this time, and make sure you're with me each 340 00:19:11,800 --> 00:19:15,399 Speaker 1: and every week. Um, if you really understand what's going on, 341 00:19:15,440 --> 00:19:18,320 Speaker 1: if you really understand why, do you really understand why 342 00:19:18,359 --> 00:19:22,160 Speaker 1: this is going to be so big, so massive, why 343 00:19:22,200 --> 00:19:24,159 Speaker 1: this has the power to change your lives, then you 344 00:19:24,200 --> 00:19:27,680 Speaker 1: have to understand this all right. I know in today's 345 00:19:28,160 --> 00:19:31,040 Speaker 1: um instant gratification world, you're like, Mark, just shut up 346 00:19:31,040 --> 00:19:34,840 Speaker 1: and tell me what dog coin to go by. Well, sorry, 347 00:19:35,200 --> 00:19:36,720 Speaker 1: it's not what we're doing here. I'm not giving you 348 00:19:36,800 --> 00:19:39,479 Speaker 1: financial advice. What I'm giving you is I'm giving the 349 00:19:39,520 --> 00:19:43,920 Speaker 1: reason why this is going to be the biggest opportunity 350 00:19:44,000 --> 00:19:47,280 Speaker 1: you've ever seen in your life. And unfortunately, I know 351 00:19:47,320 --> 00:19:49,639 Speaker 1: everybody wants to become a millionaire in a week. The 352 00:19:49,680 --> 00:19:52,560 Speaker 1: reality is it doesn't happen quite that fast, but you can. 353 00:19:53,119 --> 00:19:54,879 Speaker 1: You might just have to wait a few years. What 354 00:19:55,000 --> 00:19:57,040 Speaker 1: happens is people get so hung up on the short 355 00:19:57,160 --> 00:20:01,040 Speaker 1: term price. Oh man, the crypto market drop fift I 356 00:20:01,080 --> 00:20:04,119 Speaker 1: should sell right now. It's going to crash right like 357 00:20:04,760 --> 00:20:08,720 Speaker 1: zoom out. Um. This is gonna take five or ten years, 358 00:20:09,160 --> 00:20:13,080 Speaker 1: and you can become amazingly rich if you can stay 359 00:20:13,200 --> 00:20:16,679 Speaker 1: in the market, if you don't get shaken out. And 360 00:20:16,720 --> 00:20:18,680 Speaker 1: the only way that you don't get shaken out is 361 00:20:18,720 --> 00:20:22,359 Speaker 1: to understand why. You have to understand why what is 362 00:20:22,400 --> 00:20:25,280 Speaker 1: going on here now? UM, So we're talking about that. UM. 363 00:20:25,880 --> 00:20:27,480 Speaker 1: There was a there was something that came out this 364 00:20:27,560 --> 00:20:32,159 Speaker 1: week and UM one of the biggest financial magazines and 365 00:20:32,440 --> 00:20:36,320 Speaker 1: the Economist, and the Economist ran a headline and it said, 366 00:20:36,800 --> 00:20:38,440 Speaker 1: I'm gonna read it to you directly. Here. It says, 367 00:20:38,520 --> 00:20:42,200 Speaker 1: the sharp increase in inflation over the past year has 368 00:20:42,280 --> 00:20:48,680 Speaker 1: blindsided many economists. Almost no one saw it coming. I'll 369 00:20:48,680 --> 00:20:52,960 Speaker 1: pause for dramatic effect. There. They said, the sharp increason 370 00:20:53,040 --> 00:20:57,920 Speaker 1: inflation has blindsided many economists. And no one saw it coming, really, 371 00:20:58,240 --> 00:21:00,560 Speaker 1: because for the last several years, I've been videos on 372 00:21:00,560 --> 00:21:03,760 Speaker 1: my YouTube channel telling people it's coming, warning people it's coming. 373 00:21:04,000 --> 00:21:07,720 Speaker 1: I don't know who is possibly blindsided by this, um, 374 00:21:07,760 --> 00:21:10,600 Speaker 1: because we all saw it coming. When you print trillions 375 00:21:10,600 --> 00:21:14,720 Speaker 1: of dollars. This is what happens, all right. I explained 376 00:21:14,760 --> 00:21:16,760 Speaker 1: how that works before we went to the break, so 377 00:21:16,760 --> 00:21:18,760 Speaker 1: I'm not gonna go through that again. But to give 378 00:21:18,840 --> 00:21:24,280 Speaker 1: you a little bit of perspective, Um, it's the money, stupid, 379 00:21:25,280 --> 00:21:28,280 Speaker 1: It's the money that costs this. Milton Friedman says that 380 00:21:28,400 --> 00:21:32,320 Speaker 1: inflation is always in everywhere a monetary phenomenon. It's always 381 00:21:32,320 --> 00:21:35,480 Speaker 1: about the money. And so I know that inflation means 382 00:21:35,520 --> 00:21:37,400 Speaker 1: different things to different people, and I know they try 383 00:21:37,440 --> 00:21:39,719 Speaker 1: to make it super confusing so you don't understand it. 384 00:21:40,200 --> 00:21:44,080 Speaker 1: Um and it and it can be different. So for example, 385 00:21:44,560 --> 00:21:47,119 Speaker 1: music got cheaper, right, I used have to pay fifteen 386 00:21:47,119 --> 00:21:49,240 Speaker 1: bucks for a CD. Now for nine nine cents I 387 00:21:49,280 --> 00:21:51,240 Speaker 1: can buy it, or I can get it for free 388 00:21:51,280 --> 00:21:54,160 Speaker 1: on my streaming service. Right, Um so music got cheaper. 389 00:21:54,440 --> 00:21:58,439 Speaker 1: A few things got cheaper. My seventy inch TV got cheaper. 390 00:21:58,520 --> 00:22:01,919 Speaker 1: A few things did, but for the most part. Everything 391 00:22:02,000 --> 00:22:04,960 Speaker 1: else got got more expensive, and so inflation is different 392 00:22:05,000 --> 00:22:07,200 Speaker 1: to each of us depending on what we're buying. Um, 393 00:22:07,240 --> 00:22:10,120 Speaker 1: if you wanted to buy a home on Lake Travis 394 00:22:10,119 --> 00:22:12,920 Speaker 1: on Austin, UM, those prices went up a hundred and 395 00:22:12,960 --> 00:22:16,080 Speaker 1: twenty last year. But if you want to buy a 396 00:22:16,119 --> 00:22:19,159 Speaker 1: home in Kansas City in the suburbs, prices went up 397 00:22:19,200 --> 00:22:22,480 Speaker 1: about fifteen percent. So inflation is different to different people. 398 00:22:22,520 --> 00:22:24,760 Speaker 1: If you live in your parents basement and you watch 399 00:22:24,840 --> 00:22:27,840 Speaker 1: Netflix and each Cheetahs every day, inflation probably doesn't bother you. 400 00:22:28,080 --> 00:22:29,439 Speaker 1: If you're trying to buy a house or send your 401 00:22:29,520 --> 00:22:32,000 Speaker 1: kids to college, then inflation is probably a really big 402 00:22:32,000 --> 00:22:33,720 Speaker 1: deal for you. So it kind of depends. It's different, 403 00:22:33,800 --> 00:22:36,000 Speaker 1: but really it's always about the money. And so to 404 00:22:36,040 --> 00:22:39,639 Speaker 1: give you an idea, the Federal Reserve they published a 405 00:22:39,680 --> 00:22:41,560 Speaker 1: chart called the M one. The M one is the 406 00:22:41,600 --> 00:22:45,000 Speaker 1: money supply, and the money supply the M one chart 407 00:22:45,119 --> 00:22:49,200 Speaker 1: increased in in In March of it was at four 408 00:22:49,359 --> 00:22:53,920 Speaker 1: point two trillion dollars four point two and today it's 409 00:22:53,960 --> 00:22:57,399 Speaker 1: at nineteen point eight, So it basically went from four 410 00:22:57,560 --> 00:23:01,679 Speaker 1: to twenty. That's a real big increase in the money supply. 411 00:23:02,560 --> 00:23:06,000 Speaker 1: And so what do you think happens when they print 412 00:23:06,119 --> 00:23:10,040 Speaker 1: that much money. Well, it creates all types of distortions 413 00:23:10,080 --> 00:23:12,879 Speaker 1: all over the place. So they say, well, no, the 414 00:23:12,920 --> 00:23:16,400 Speaker 1: reason why we're having inflation is because of the supply chains. 415 00:23:16,440 --> 00:23:20,040 Speaker 1: The supply chains are breaking down. Okay, good, Why are 416 00:23:20,040 --> 00:23:22,760 Speaker 1: the supply chains breaking down? Right? You have to dig 417 00:23:22,800 --> 00:23:24,720 Speaker 1: deeper and ask yourself as a question. So let me 418 00:23:24,800 --> 00:23:29,160 Speaker 1: give you something. Um. This is um from Ludwig vun Mises. 419 00:23:29,640 --> 00:23:34,120 Speaker 1: Mesas is the father of the Austrian school, the Austrian 420 00:23:34,119 --> 00:23:37,080 Speaker 1: school of economics. So really, in an economics you have 421 00:23:37,119 --> 00:23:39,399 Speaker 1: two schools of thought. You have the Austrians and you 422 00:23:39,440 --> 00:23:43,920 Speaker 1: have the Kinsians. Um. All colleges teach Kinsian economics. Um. 423 00:23:43,960 --> 00:23:46,720 Speaker 1: The Austrians are right, I'll just tell you that, And 424 00:23:46,720 --> 00:23:48,840 Speaker 1: which is why colleges don't teach it. They don't even 425 00:23:48,840 --> 00:23:50,879 Speaker 1: mention it. You can get a master's degree in economics 426 00:23:50,880 --> 00:23:54,160 Speaker 1: and never even heard about Austrians. And so when when 427 00:23:54,160 --> 00:23:58,959 Speaker 1: the Economist magazine ran this article that inflation has blindsided 428 00:23:58,960 --> 00:24:01,600 Speaker 1: many economists, no one saw it coming. Let me tell 429 00:24:01,600 --> 00:24:03,720 Speaker 1: you what the Austrians told us seventy years ago. So 430 00:24:04,680 --> 00:24:10,000 Speaker 1: mysa said, Um, in the normal course of an economic boom. 431 00:24:10,040 --> 00:24:12,120 Speaker 1: So we've had an economic boom for the last fifty years. 432 00:24:12,160 --> 00:24:14,040 Speaker 1: The economy has been booming. We have new cars and 433 00:24:14,080 --> 00:24:16,480 Speaker 1: new skyscrapers, and new buildings and airplanes and rights. The 434 00:24:16,480 --> 00:24:18,720 Speaker 1: economy has been booming for fifty years in the normal 435 00:24:18,760 --> 00:24:22,359 Speaker 1: course of an economic boom driven by the expansion of 436 00:24:22,520 --> 00:24:25,719 Speaker 1: money and credit. All right. So the boom has been 437 00:24:25,800 --> 00:24:28,760 Speaker 1: driven by the expansion of money and credit. We got 438 00:24:28,800 --> 00:24:32,320 Speaker 1: off the gold standard, and we've printed an unlimited amount 439 00:24:32,320 --> 00:24:36,359 Speaker 1: of money. We've printed over three hundred trillion dollars worth 440 00:24:36,400 --> 00:24:38,760 Speaker 1: of debt. All right, So we had an economic boom 441 00:24:38,800 --> 00:24:41,240 Speaker 1: driven by the expansion of money and credit. It says 442 00:24:41,720 --> 00:24:46,000 Speaker 1: when that happens, the structure of the economy becomes distorted 443 00:24:46,359 --> 00:24:51,119 Speaker 1: in ways that eventually resorted result in shortages of various 444 00:24:51,160 --> 00:24:55,879 Speaker 1: commodities and types of labor, which then lead to increasing 445 00:24:55,960 --> 00:25:00,560 Speaker 1: consumer price inflation. He wrote this over seven years ago. 446 00:25:01,040 --> 00:25:03,639 Speaker 1: So when when the when the economy booms because of 447 00:25:03,680 --> 00:25:06,200 Speaker 1: money expansion, which is what we had from four training 448 00:25:06,240 --> 00:25:09,600 Speaker 1: to twenty two UM, it distorts the markets that eventually 449 00:25:09,760 --> 00:25:13,000 Speaker 1: result in shortages of various commodities, the commodities of the 450 00:25:13,080 --> 00:25:16,080 Speaker 1: raw materials. So when those have shortages, the supply chain 451 00:25:16,119 --> 00:25:20,359 Speaker 1: starts backing up right, exactly what we're seeing, and shortages 452 00:25:20,359 --> 00:25:23,480 Speaker 1: and types of labor. Okay, so we have problems with labor. 453 00:25:23,680 --> 00:25:25,239 Speaker 1: Biden says he's gonna go to the docks and make 454 00:25:25,280 --> 00:25:27,360 Speaker 1: the docks work longer. They're gonna work twenty four hours 455 00:25:27,359 --> 00:25:30,160 Speaker 1: a day that work. We have shortages of labor, airlines 456 00:25:30,160 --> 00:25:35,800 Speaker 1: aren't running, etcetera um, which then lead to shortages or 457 00:25:35,840 --> 00:25:39,600 Speaker 1: I'm sorry, which then leads to increasing consumer price inflation, 458 00:25:39,640 --> 00:25:41,720 Speaker 1: which is exactly what we have. We don't have enough 459 00:25:41,720 --> 00:25:44,240 Speaker 1: goods and services because supply chains and people aren't working. 460 00:25:45,080 --> 00:25:48,439 Speaker 1: But why do we have supply chain issues? The supply 461 00:25:48,520 --> 00:25:51,320 Speaker 1: chains used to work fine, didn't they They've always worked fine. 462 00:25:51,440 --> 00:25:54,719 Speaker 1: You never even thought about supply chains until now. So 463 00:25:54,800 --> 00:25:56,760 Speaker 1: why are they breaking down all of a sudden? Why 464 00:25:56,760 --> 00:25:59,040 Speaker 1: are we having labor problems all of a sudden. Well, 465 00:25:59,440 --> 00:26:03,400 Speaker 1: it's because of all the expansion of money that distorts 466 00:26:03,440 --> 00:26:07,320 Speaker 1: the markets, that's it. So when the economist says that 467 00:26:07,359 --> 00:26:10,360 Speaker 1: they were blindsided in their own words, and no one 468 00:26:10,520 --> 00:26:13,400 Speaker 1: saw it coming, well no, mysas saw it seventy years ago. 469 00:26:13,880 --> 00:26:15,960 Speaker 1: I've been talking about it for for years and years 470 00:26:15,960 --> 00:26:21,000 Speaker 1: and years. Um, it's not hard to understand. Um, the 471 00:26:21,000 --> 00:26:24,080 Speaker 1: problem is they don't want to see it. And so 472 00:26:24,720 --> 00:26:28,040 Speaker 1: let's tie this back. Why do we need something like bitcoin? 473 00:26:28,359 --> 00:26:31,920 Speaker 1: Why do we need cryptocurrencies? Right? The dollar is pretty good, 474 00:26:31,920 --> 00:26:35,000 Speaker 1: isn't it. Well not if they continue to print unlimited 475 00:26:35,040 --> 00:26:37,440 Speaker 1: amounts of money, all it's going to do is continue 476 00:26:37,480 --> 00:26:39,080 Speaker 1: to distort things. As a matter of fact, he goes 477 00:26:39,080 --> 00:26:42,280 Speaker 1: on to continue to say, as this, as this crisis 478 00:26:42,280 --> 00:26:45,840 Speaker 1: point approaches, the central bank has a choice either to 479 00:26:45,960 --> 00:26:49,480 Speaker 1: accelerate the expansion of the money supply, which will only 480 00:26:49,520 --> 00:26:51,159 Speaker 1: make things worse. Right, you have to keep they have 481 00:26:51,160 --> 00:26:53,000 Speaker 1: to keep printing to keep it going, which makes it worse, 482 00:26:53,240 --> 00:26:57,440 Speaker 1: or refrain from doing so at the risk of allowing 483 00:26:57,800 --> 00:27:01,040 Speaker 1: asset prices to fall and disinflace in or a recession 484 00:27:01,119 --> 00:27:04,360 Speaker 1: or depression to happen. So that's that's basically where we're at. Um, 485 00:27:04,359 --> 00:27:06,920 Speaker 1: they're stuck between a rock and a hard place. Now, 486 00:27:07,359 --> 00:27:09,400 Speaker 1: we never would have got into this problem if they 487 00:27:09,480 --> 00:27:13,000 Speaker 1: didn't have a money printer, if they couldn't print unlimited 488 00:27:13,040 --> 00:27:16,879 Speaker 1: amounts of money, and bitcoin takes away their ability to 489 00:27:16,920 --> 00:27:19,160 Speaker 1: do that. Now right now, I can't take that away, 490 00:27:19,200 --> 00:27:21,679 Speaker 1: but I can opt out of the game. I've just 491 00:27:21,720 --> 00:27:23,920 Speaker 1: moved all my money to bitcoin, and I don't play 492 00:27:23,960 --> 00:27:28,240 Speaker 1: that game anymore. You're buying thing. You're buying turkey in 493 00:27:28,280 --> 00:27:30,800 Speaker 1: dollars and it's triple in value as it was last year. 494 00:27:30,880 --> 00:27:33,359 Speaker 1: I'm buying in bitcoin and it's a third of the 495 00:27:33,400 --> 00:27:36,960 Speaker 1: cost for me. I'm not playing in that game. I'm 496 00:27:37,040 --> 00:27:40,200 Speaker 1: undermining their ability to play that game, and you can too. 497 00:27:40,840 --> 00:27:44,520 Speaker 1: That is why bitcoin. All right, I'm gonna tell you 498 00:27:44,840 --> 00:27:48,960 Speaker 1: where this goes from here, because it's probably scarier than 499 00:27:49,080 --> 00:27:51,720 Speaker 1: what you might imagine. Again Mysas called it. I'll be 500 00:27:51,800 --> 00:27:53,879 Speaker 1: right back. You're listening to the Mark Moss Show talking 501 00:27:53,880 --> 00:27:58,400 Speaker 1: about bitcoin. Do not go away, all right, Welcome back. 502 00:27:58,440 --> 00:28:00,280 Speaker 1: You are listening to the Mark Moss Show, and we're 503 00:28:00,280 --> 00:28:02,960 Speaker 1: talking about bitcoin, and we're talking about cryptocurrencies, and we're 504 00:28:03,000 --> 00:28:06,920 Speaker 1: talking about the decentralized revolution. Now, each and every week, 505 00:28:07,040 --> 00:28:10,840 Speaker 1: I am bringing you the most up to date information 506 00:28:11,160 --> 00:28:15,760 Speaker 1: and education so you can participate in the biggest wealth 507 00:28:15,800 --> 00:28:18,119 Speaker 1: transfer you will ever see in your life, the biggest 508 00:28:18,119 --> 00:28:20,639 Speaker 1: opportunity you will ever have in your life. Now, if 509 00:28:20,720 --> 00:28:24,320 Speaker 1: you don't understand what's happening, why it's happening, how it's 510 00:28:24,400 --> 00:28:27,080 Speaker 1: unfolding and what to watch for. You're gonna be like 511 00:28:27,160 --> 00:28:29,919 Speaker 1: most people and get shaken out. We call that weekends. 512 00:28:30,119 --> 00:28:31,879 Speaker 1: The price is going to take a fifteen percent dip, 513 00:28:31,920 --> 00:28:34,600 Speaker 1: You're gonna panic, You're gonna sell. But if you understand 514 00:28:34,680 --> 00:28:37,679 Speaker 1: why we need it, why it's important, why it's so 515 00:28:37,760 --> 00:28:40,280 Speaker 1: much better than the old system, why it's getting bigger 516 00:28:40,280 --> 00:28:43,080 Speaker 1: and bigger, then you're gonna have the strong hands to 517 00:28:43,280 --> 00:28:47,720 Speaker 1: stay in and make life changing wealth. And I don't 518 00:28:47,760 --> 00:28:49,960 Speaker 1: take I'm not saying that lightly. I'm being I'm being 519 00:28:50,760 --> 00:28:53,640 Speaker 1: serious with that. It's changed my life. Imagine if you 520 00:28:53,640 --> 00:28:56,040 Speaker 1: could have bought bitcoin back in two thousand fifteen or 521 00:28:56,040 --> 00:28:57,800 Speaker 1: two thousand twelve when it was a hundred bucks and 522 00:28:57,800 --> 00:28:59,720 Speaker 1: it's sixty thousand to day with that have changed your 523 00:28:59,720 --> 00:29:02,760 Speaker 1: life now, It would have if you would have managed 524 00:29:02,800 --> 00:29:05,840 Speaker 1: to stay in it that whole time. The problem is 525 00:29:05,920 --> 00:29:08,560 Speaker 1: most people got shaken out because they see one bad 526 00:29:08,600 --> 00:29:11,960 Speaker 1: headline and they get out of the game. I want 527 00:29:12,000 --> 00:29:14,400 Speaker 1: to change that for you. I want to give you 528 00:29:14,440 --> 00:29:16,440 Speaker 1: the information that you need so you can stay in it. 529 00:29:16,520 --> 00:29:19,960 Speaker 1: So um, sometimes we're gonna talk about news headlines. Sometimes 530 00:29:19,960 --> 00:29:22,280 Speaker 1: we'll talk about price action. Today we're going deep and 531 00:29:22,320 --> 00:29:25,800 Speaker 1: I'm talking about why why the system that we have 532 00:29:25,960 --> 00:29:28,920 Speaker 1: is so broken and why this other system is better. UM. 533 00:29:28,960 --> 00:29:31,160 Speaker 1: I don't want to recap everything that I've said, but 534 00:29:31,240 --> 00:29:33,960 Speaker 1: I was talking about how um turkey has gotten more expensive, 535 00:29:34,000 --> 00:29:36,680 Speaker 1: the Feds telling you need um toe furkey instead. I 536 00:29:36,680 --> 00:29:38,640 Speaker 1: don't want to do that. UM, if you, if you 537 00:29:38,720 --> 00:29:41,920 Speaker 1: keep your wealth stored in dollars to furkey, I'm sorry. 538 00:29:41,920 --> 00:29:45,840 Speaker 1: Turkey is now triple the price that it was last year. UM, 539 00:29:45,920 --> 00:29:48,880 Speaker 1: I store my wealth and bitcoin, so um turkey is 540 00:29:48,920 --> 00:29:50,720 Speaker 1: a third of the price as it was last year 541 00:29:50,720 --> 00:29:52,760 Speaker 1: for me. So it's cheaper for me, it's more expensive 542 00:29:52,760 --> 00:29:56,800 Speaker 1: for you. Why because I opted out of their system. 543 00:29:56,880 --> 00:29:59,360 Speaker 1: That's what bitcoin allows us to do. Now. The economist 544 00:29:59,400 --> 00:30:02,040 Speaker 1: ran a headline it said nobody saw inflation coming. Nobody 545 00:30:02,040 --> 00:30:04,800 Speaker 1: could have seen it. And I explained how Mesas from 546 00:30:04,800 --> 00:30:08,240 Speaker 1: the Austrian School predicted this seventy years ago. UM, I'm 547 00:30:08,240 --> 00:30:10,120 Speaker 1: not gonna go through that again. But what he also 548 00:30:10,200 --> 00:30:14,240 Speaker 1: did is predicted something else. He predicted something called the 549 00:30:14,320 --> 00:30:18,239 Speaker 1: crack up boom. Maybe you've heard about that before. And 550 00:30:18,280 --> 00:30:20,320 Speaker 1: basically he says, he said that you know when they 551 00:30:20,320 --> 00:30:21,720 Speaker 1: print a bunch of money, which is what they did. 552 00:30:21,880 --> 00:30:23,920 Speaker 1: It distorts the markets and all these things happened, which 553 00:30:23,920 --> 00:30:26,400 Speaker 1: it did. But what comes next is what he calls 554 00:30:26,440 --> 00:30:29,360 Speaker 1: the crack up boom, and basically, let me read it 555 00:30:29,360 --> 00:30:33,360 Speaker 1: for you. He says that finally the masses wake up. 556 00:30:33,960 --> 00:30:38,680 Speaker 1: They become suddenly aware of the fact that inflation is 557 00:30:38,720 --> 00:30:44,320 Speaker 1: a deliberate policy and will go on endlessly. I'll stop there. 558 00:30:44,640 --> 00:30:47,240 Speaker 1: So the masses wake up, So people are starting to 559 00:30:47,280 --> 00:30:51,240 Speaker 1: wake up. They become suddenly aware of the fact that inflation, inflation, 560 00:30:51,280 --> 00:30:54,800 Speaker 1: so prices going up is not accidental. So what what 561 00:30:54,920 --> 00:30:57,440 Speaker 1: the president what the media is trying to tell you. 562 00:30:57,520 --> 00:31:01,800 Speaker 1: It's it's transitory. It's gonna go away, right, No, No, 563 00:31:02,360 --> 00:31:04,280 Speaker 1: they become aware of the fact that inflation is a 564 00:31:04,360 --> 00:31:08,360 Speaker 1: deliberate policy, and we'll go on endlessly. I'm gonna tell 565 00:31:08,400 --> 00:31:09,760 Speaker 1: you about that in a second. Let me finish reading 566 00:31:09,800 --> 00:31:12,840 Speaker 1: this though. Um that is deliberate policy will go on innestly, 567 00:31:13,120 --> 00:31:18,000 Speaker 1: and then a breakdown occurs. The crack up boom appears. 568 00:31:18,440 --> 00:31:22,960 Speaker 1: Everybody is anxious to swap their money against real goods, 569 00:31:23,520 --> 00:31:26,240 Speaker 1: no matter no matter whether you need them or not, 570 00:31:26,800 --> 00:31:30,360 Speaker 1: no matter how much money you have to pay for them. 571 00:31:30,440 --> 00:31:34,480 Speaker 1: Within a very short time, the things we which we 572 00:31:34,560 --> 00:31:37,200 Speaker 1: used as money are no longer used as medium of exchange. 573 00:31:37,360 --> 00:31:40,080 Speaker 1: They become strap scrap paper. So let's break this down. 574 00:31:40,720 --> 00:31:42,880 Speaker 1: So very suddenly the masses wake up. People are starting 575 00:31:42,920 --> 00:31:44,520 Speaker 1: to realize that it's twice as much to fillip your 576 00:31:44,520 --> 00:31:46,640 Speaker 1: gastan because it was last year. The FED is telling 577 00:31:46,680 --> 00:31:48,720 Speaker 1: you that turkey is too expensive and you should buy 578 00:31:49,080 --> 00:31:51,480 Speaker 1: um soybeans. Right, So people are waking up to that. 579 00:31:52,000 --> 00:31:54,520 Speaker 1: But then they become suddenly so suddenly they become aware 580 00:31:54,560 --> 00:31:56,959 Speaker 1: of the the fact that inflation is a deliberate policy. So 581 00:31:56,960 --> 00:31:59,400 Speaker 1: what does that mean? So they're telling you, no, no inflation, 582 00:31:59,440 --> 00:32:02,840 Speaker 1: it's transit orry right, No, it's a deliberate policy. The 583 00:32:02,880 --> 00:32:06,680 Speaker 1: FED has a goal to have two percent inflation. That's 584 00:32:06,680 --> 00:32:09,080 Speaker 1: their goal. That's their target. Their target is to have 585 00:32:09,160 --> 00:32:13,320 Speaker 1: two percent inflation. As a matter of fact, Um, that's 586 00:32:13,360 --> 00:32:15,960 Speaker 1: their goal. That's their target. But they like to have 587 00:32:16,160 --> 00:32:18,560 Speaker 1: even more than that. As a matter of fact, here's 588 00:32:18,560 --> 00:32:21,400 Speaker 1: a couple of news headlines. Uh, Janet yelling when she 589 00:32:21,480 --> 00:32:24,040 Speaker 1: used to run the FED. She says, Yelling's only regret 590 00:32:24,120 --> 00:32:28,480 Speaker 1: as the FED chair is low inflation. These are headlines. Um, really, 591 00:32:28,880 --> 00:32:30,600 Speaker 1: he ran the FED. The only regret you had is 592 00:32:30,640 --> 00:32:33,360 Speaker 1: that their inflation was too low. Here's another one, UM 593 00:32:33,400 --> 00:32:35,840 Speaker 1: low inflation is one of the major challenges of our 594 00:32:35,880 --> 00:32:39,320 Speaker 1: lifetime FEDS Powell says. Jerome Power runs the FED, so 595 00:32:39,360 --> 00:32:41,360 Speaker 1: he says that one of the major challenges of our 596 00:32:41,400 --> 00:32:44,600 Speaker 1: lifetime is low inflation. UH. The New York FED President 597 00:32:44,640 --> 00:32:47,560 Speaker 1: John Williams says low inflation is the problem of this era. 598 00:32:48,520 --> 00:32:52,280 Speaker 1: UM fed's daily says, don't be fearful about too high inflation. 599 00:32:53,320 --> 00:32:57,720 Speaker 1: Um Coral says, FED very committed to pushing inflation above 600 00:32:58,000 --> 00:33:00,680 Speaker 1: two percent. I have about another or five or six 601 00:33:00,720 --> 00:33:02,240 Speaker 1: of these I could read, but for time's sake, I'm 602 00:33:02,240 --> 00:33:04,680 Speaker 1: not going to get the point. So when the masses 603 00:33:04,720 --> 00:33:07,240 Speaker 1: wake up that this is it's deliberate policy and it's 604 00:33:07,240 --> 00:33:11,000 Speaker 1: going to go on endlessly, which it is, a breakdown occurs, 605 00:33:11,320 --> 00:33:13,680 Speaker 1: which is where we're at. And we're already starting to 606 00:33:13,680 --> 00:33:15,840 Speaker 1: see people are anxious to swap your money, right, So, 607 00:33:16,400 --> 00:33:18,640 Speaker 1: oh shoot, I better buy a house now because they're 608 00:33:18,640 --> 00:33:20,800 Speaker 1: going to be more expensive in the future. Oh shoot, 609 00:33:20,800 --> 00:33:22,360 Speaker 1: I better buy a new car now because it would 610 00:33:22,360 --> 00:33:24,680 Speaker 1: be more expensive. I better go buy some canned goods 611 00:33:24,720 --> 00:33:25,959 Speaker 1: because I don't know if I can get them later 612 00:33:26,000 --> 00:33:30,640 Speaker 1: in the future. Right, people are already anxiously swapping their 613 00:33:30,680 --> 00:33:34,600 Speaker 1: money against real goods. It's already happening. All this that 614 00:33:34,720 --> 00:33:37,640 Speaker 1: was predicted is starting to happen. Now, when does the 615 00:33:37,840 --> 00:33:41,600 Speaker 1: final breakdown occur? Well, we don't know exactly, but let 616 00:33:41,600 --> 00:33:46,800 Speaker 1: me give you an idea. So, um, trust Trust is 617 00:33:46,800 --> 00:33:51,120 Speaker 1: a very fragile thing. Right, You have a relationship with 618 00:33:51,480 --> 00:33:54,480 Speaker 1: a coworker or business partner, or a wife, a husband, 619 00:33:54,520 --> 00:33:57,720 Speaker 1: a kid, whatever, friend, and you trust that person. But 620 00:33:57,800 --> 00:33:59,640 Speaker 1: maybe there's a couple of things that are happening that 621 00:33:59,680 --> 00:34:02,320 Speaker 1: are than you to start to lose trust a little 622 00:34:02,360 --> 00:34:05,560 Speaker 1: bit gradually, but gradually you're starting to get more suspicious 623 00:34:05,560 --> 00:34:07,760 Speaker 1: and you're losing trust, and you're losing trust, and you're 624 00:34:07,760 --> 00:34:10,440 Speaker 1: losing trust. And then finally you see a piece of 625 00:34:10,480 --> 00:34:13,520 Speaker 1: information that caused you to lose trust, it's over. So 626 00:34:13,560 --> 00:34:16,440 Speaker 1: it's gradually then suddenly, And so that's kind of where 627 00:34:16,440 --> 00:34:18,719 Speaker 1: we're at right now. Like people are starting to see 628 00:34:18,719 --> 00:34:21,440 Speaker 1: these prices of turkey going up so fast and gasoline 629 00:34:21,480 --> 00:34:23,760 Speaker 1: going up so fast. We're losing trust, We're losing trust, 630 00:34:23,760 --> 00:34:28,480 Speaker 1: We're losing trust. Right now, today we have six or 631 00:34:28,520 --> 00:34:33,120 Speaker 1: seven countries with millions of people in the streets marching. 632 00:34:33,560 --> 00:34:37,600 Speaker 1: Millions of people in the streets are protesting their lockdowns. 633 00:34:38,280 --> 00:34:43,840 Speaker 1: We have France, Switzerland, Italy, Austria, Germany, Netherlands, Canada, Belgium, Australia, 634 00:34:43,880 --> 00:34:48,480 Speaker 1: Czech Republican New Zealand. Millions of people are in these streets. 635 00:34:48,480 --> 00:34:50,040 Speaker 1: Now you won't see it on mainstream media, but if 636 00:34:50,040 --> 00:34:52,080 Speaker 1: you go on Twitter, you'll see it. People, you know, 637 00:34:52,120 --> 00:34:54,440 Speaker 1: boots on the ground, reporters are showing this. These are 638 00:34:54,480 --> 00:34:58,600 Speaker 1: all people who have lost trust. They've lost trust. Now. 639 00:34:59,280 --> 00:35:03,000 Speaker 1: A poll is and UM a few weeks ago, November eighteen, 640 00:35:03,160 --> 00:35:05,319 Speaker 1: a pretty big poll, A good a good poll UM 641 00:35:05,360 --> 00:35:09,640 Speaker 1: eleven thousand people over seventy six countries said that fortent 642 00:35:09,719 --> 00:35:15,239 Speaker 1: of people say they trust bitcoin more than local currencies. 643 00:35:17,040 --> 00:35:19,800 Speaker 1: That's a pretty massive number. We have all these countries 644 00:35:19,840 --> 00:35:23,480 Speaker 1: with millions of people in the streets marching, not trusting 645 00:35:23,680 --> 00:35:26,560 Speaker 1: their governments. What happens if those people just went and 646 00:35:26,560 --> 00:35:29,080 Speaker 1: pull their money out of the bank about bitcoin? Well, 647 00:35:29,120 --> 00:35:31,880 Speaker 1: I'll tell you, if less than one percent of the 648 00:35:31,920 --> 00:35:34,120 Speaker 1: people went to the banks to pull their money out, 649 00:35:34,640 --> 00:35:37,120 Speaker 1: it would create what's called the bank run. The banks 650 00:35:37,160 --> 00:35:39,319 Speaker 1: don't have your money in the bank, they loan it out. 651 00:35:39,360 --> 00:35:43,600 Speaker 1: It's called fraction members are banking. The banks would go insolvent, 652 00:35:43,840 --> 00:35:47,960 Speaker 1: bankrupt overnight immediately if that happened. That is the point, 653 00:35:48,040 --> 00:35:51,239 Speaker 1: that's the crack up boom. We're losing trust. We're losing trust. 654 00:35:51,320 --> 00:35:53,560 Speaker 1: We're losing trust. At the point when people say I'm 655 00:35:53,560 --> 00:35:56,000 Speaker 1: gonna leave this this dollar system and go to a 656 00:35:56,000 --> 00:36:00,239 Speaker 1: bitcoin system, the whole system collapses now of our already 657 00:36:00,280 --> 00:36:02,440 Speaker 1: done it. That's why my turkey is a third of 658 00:36:02,480 --> 00:36:04,880 Speaker 1: the price this year, but your turkey is three times 659 00:36:04,920 --> 00:36:08,520 Speaker 1: the price this year. You We need to guard our 660 00:36:08,640 --> 00:36:12,120 Speaker 1: wealth against this financial repression. The I m F talks 661 00:36:12,120 --> 00:36:14,000 Speaker 1: about we need to guard our wealth from the government 662 00:36:14,120 --> 00:36:18,080 Speaker 1: stealing it through inflation. We do that by holding another 663 00:36:18,160 --> 00:36:21,360 Speaker 1: asset like bitcoin. Now, some people say that gold is 664 00:36:21,360 --> 00:36:24,120 Speaker 1: a good store of value hedge against inflation, and it 665 00:36:24,160 --> 00:36:26,319 Speaker 1: and it has been for five thousand years. It was great. 666 00:36:27,800 --> 00:36:30,439 Speaker 1: Michael Sailor from Michael Strategy says that fighting the war 667 00:36:30,520 --> 00:36:32,880 Speaker 1: for sound money, or fighting the war against inflation with 668 00:36:32,960 --> 00:36:35,880 Speaker 1: a portfolio fifty gold and fifty percent bitcoin is like 669 00:36:35,920 --> 00:36:39,080 Speaker 1: equipping half your army with modern armor and aircraft and 670 00:36:39,080 --> 00:36:42,200 Speaker 1: the other half with ancient swords and spears because I 671 00:36:42,239 --> 00:36:45,719 Speaker 1: read in a book we used to fight that way. Huh. 672 00:36:46,440 --> 00:36:48,839 Speaker 1: So I would just say that what you store your 673 00:36:48,880 --> 00:36:51,840 Speaker 1: wealth in matters. If you store it in dollars, your 674 00:36:51,880 --> 00:36:54,320 Speaker 1: turkey is getting more expensive. If you store it in bitcoin, 675 00:36:54,360 --> 00:36:59,480 Speaker 1: your turkey is getting cheaper. And uh, choose your weapons accordingly. 676 00:36:59,600 --> 00:37:02,400 Speaker 1: I guess what I would say, and that is why 677 00:37:02,880 --> 00:37:06,279 Speaker 1: one of the millions of reasons why bitcoin is here 678 00:37:06,320 --> 00:37:08,080 Speaker 1: to stay. You've been listening to The Mark mos Show. 679 00:37:08,120 --> 00:37:10,440 Speaker 1: We're talking, of course, about bitcoin and cryptocurrencies and the 680 00:37:10,480 --> 00:37:13,719 Speaker 1: decentralized revolution. You can find me on social media at 681 00:37:14,000 --> 00:37:16,800 Speaker 1: one Mark Moss at is the number one Mark Moss 682 00:37:17,440 --> 00:37:19,360 Speaker 1: Send me a message on Twitter, Instagram. I'd love to 683 00:37:19,360 --> 00:37:20,440 Speaker 1: hear from you and tell me you heard me on 684 00:37:20,440 --> 00:37:23,759 Speaker 1: the show. Ask me a question, I will answer it 685 00:37:24,239 --> 00:37:26,239 Speaker 1: all right, um, and make sure you're with me each 686 00:37:26,239 --> 00:37:29,800 Speaker 1: and every week for the most uh, the most important 687 00:37:29,840 --> 00:37:32,320 Speaker 1: part of your week. The Mark mass Show. Thanks for listening.