Speaker 1: All right, welcome back. You are listening to the Mark
Speaker 1: Moa Show, and we are talking about bitcoin, We're talking
Speaker 1: about cryptocurrencies, We're talking about the decentralized revolution. All right, now,
Speaker 1: I got some big stuff to talk about today that uh.
Speaker 1: I think he's going to be pretty funny, entertaining, exciting,
Speaker 1: and it's really going to build a bigger picture for you.
Speaker 1: You know. I think a lot of people are too
Speaker 1: zoomed in thinking about the price of bitcoin and cryptocurrency
Speaker 1: on a regular basis without really thinking about why. And
Speaker 1: that's one question that I hear all the time. I've
Speaker 1: been making content and education around bitcoin for about I
Speaker 1: think about six years now, and in the United States,
Speaker 1: over and over and over, I hear why, why do
Speaker 1: we need it? What's the point? What good does it do? Um?
Speaker 1: You know all these types of things, And I get
Speaker 1: that if you're in the United States, you know, we
Speaker 1: have a pretty reliable form of money, don't we. I
Speaker 1: say that rhetorically, don't we. Uh. The dollar doesn't move
Speaker 1: around as much as it might in Venezuela or Argentina
Speaker 1: or Lebanon for that matter. Right now, um or Turkey.
Speaker 1: Turkey is having a really, really big problem with their currency. However,
Speaker 1: even though the dollar seems to be well, it is
Speaker 1: a lot more stable than those other currencies, it's also
Speaker 1: losing value like a rock. Now not as bad as them,
Speaker 1: but like a rock. And so one of the many
Speaker 1: reasons that we'll talk about if you join me each
Speaker 1: and every week, which, by the way, you should while
Speaker 1: you're listening, go ahead and pull out your phone instead
Speaker 1: of calendar reminder for this date and time in this channel,
Speaker 1: make sure you're tune in with me each and every week.
Speaker 1: As we talked about bitcoin and cryptocurrencies and the decentralized revolution,
Speaker 1: but today we're just talking about why why do we
Speaker 1: even matter if we want to use a new something new? UM,
Speaker 1: we have to understand why we want the new versus
Speaker 1: the old. So UM, if you were going to switch
Speaker 1: to UM c d s, let's see these anymore. If
Speaker 1: you're gonna switch to streaming music instead of you buying
Speaker 1: c d s, what's the difference. Well, CDs you had
Speaker 1: to buy one for fifteen bucks and you only had
Speaker 1: those songs, and if it got scratched you couldn't listen
Speaker 1: to it anymore, and if you left it at home,
Speaker 1: you didn't have it right, all these things. Now I
Speaker 1: can have unlimited music, and I can have every song
Speaker 1: I want, and it can be on my phone and
Speaker 1: I can stream anywhere I go. Right, So you have
Speaker 1: to understand what the new system is that's replacing the
Speaker 1: old system. And unfortunately, just most people don't really understand
Speaker 1: the old financial system. Well, I say old, it's still
Speaker 1: the current. It's still the current today. But you know,
Speaker 1: one of the things that is happening, um rapidly is that,
Speaker 1: while as I said, the dollar is much more stable
Speaker 1: than other currencies like in Turkey, which is having a
Speaker 1: big problem, or Venezuela, Argentina, etcetera. Um, it's still falling
Speaker 1: and purchasing power pretty dang fast. What do I mean
Speaker 1: by that, Well, most of you listening right now have
Speaker 1: probably noticed that it costs twice as much to fill
Speaker 1: up your car today than it did a year ago.
Speaker 1: You probably noticed that if you go to the grocery store,
Speaker 1: you end up with way less groceries than you did
Speaker 1: a year ago. Um. I think red meat is up,
Speaker 1: you know, chickens up. Everything is up, and it's gotten
Speaker 1: to the point where you know, the FED, the FEDO Reserve,
Speaker 1: the government, they tell us what the inflation number is. Now,
Speaker 1: what is inflation? Well, inflation is a lot of different things.
Speaker 1: It's a nuanced argument or a nuance conversation, I should say,
Speaker 1: But typically it's um, it's most most likely are most
Speaker 1: typically represented as prices going up. So when the price
Speaker 1: of gasoline went up, that was price inflation, right, things
Speaker 1: like that. But what causes that to happen? Well, I
Speaker 1: believe it's always caused by money inflation. So when you
Speaker 1: inflate the money supply, when you create more money, um,
Speaker 1: it causes prices to go up. Now I'm gonna dig
Speaker 1: into that in a little bit more detail. But something
Speaker 1: caught my eye this weekend, because of course this week
Speaker 1: was Thanksgiving. I want to talk about this. So the
Speaker 1: Federal Reserve, UM, the Federal Reserve, which of course runs
Speaker 1: the central bank for the United States and runs the currency.
Speaker 1: They put out a blog post that was pretty interesting
Speaker 1: and it says, um, turkey or to furkey question mark
Speaker 1: a protein price comparison for the thanks Giving meal. So um. Basically,
Speaker 1: what they're saying is that I Thanksgiving dinner serving of
Speaker 1: poultry of turkey cost one dollar and forty two cents,
Speaker 1: but a soybean based dinner serving with the same amount
Speaker 1: of calories cost sixty six cents. Mm hmm. So what
Speaker 1: they're saying is, uh, price inflation got you down because
Speaker 1: we printed way too many dollars and we're out of control.
Speaker 1: Don't worry. Just don't eat turkey instead eat soybeans. That's
Speaker 1: what they're literally saying to you. Um, that's what they
Speaker 1: think about you. Um, but no, how about no? How
Speaker 1: about no? I don't want soybeans. I want turkey, and
Speaker 1: so my dollar the reason why turkey is so much
Speaker 1: more expensive and I there's they're suggesting that if I
Speaker 1: don't like the price of turkey going up, that I
Speaker 1: should just buy soybeans instead. With the reason why is
Speaker 1: because they printed almost eight trillion dollars in the last year,
Speaker 1: eight trillion dollars. And when they dump into not in
Speaker 1: the last year, over the last several years, and when
Speaker 1: they dump in that much money, it causes prices to
Speaker 1: go up. Now, let's look at if we were that's
Speaker 1: that's if we're using dollars. So you have to understand
Speaker 1: everything that you buy is really a trade, right, It's
Speaker 1: always a barter. So I'm going to trade this turkey
Speaker 1: four dollars. Right, I'm gonna trade this turkey for an
Speaker 1: hour of my labor. I'm gonna trade this turkey for
Speaker 1: this old picture that I have or whatever. Like I'm
Speaker 1: trading it. I'm trading it for I'm trade you this
Speaker 1: turkey for you know, one share of Tesla stock or
Speaker 1: whatever it may be. Right, it's always a trade. And
Speaker 1: since dollars represent half of pretty much every trade, everything
Speaker 1: that we think about in America is denominant, and a
Speaker 1: lot of the world is denominated in US dollars. But
Speaker 1: because they're constantly manipulating the dollars, we lose sight of
Speaker 1: really how much things are are costing us. So, for example,
Speaker 1: while the price of um turkey has gone up in
Speaker 1: US dollars, the price of turkey has actually come down
Speaker 1: in bitcoin. So if we're using bitcoin as a denomination
Speaker 1: as our store of value, it's actually come down. So
Speaker 1: if I go to a year ago, um, November, if
Speaker 1: we go back to November of last year, one bitcoin
Speaker 1: was about eighteen thousand dollars and today one bitcoin is
Speaker 1: you know, almost sixty thou dollars. So that's that means
Speaker 1: that if I was using bitcoin as my denomination. I'm
Speaker 1: just doing quick math in my head, so forgive me.
Speaker 1: I'm not a math major. But basically, the turkey has
Speaker 1: actually come down in value. It's about a third of
Speaker 1: the price it used to be priced in bitcoin. It's
Speaker 1: double the price it used to be a year ago,
Speaker 1: priced in dollars, double in dollars, but it's a third
Speaker 1: of the price in bitcoin. M hmmm, that's interesting, isn't
Speaker 1: it very interesting? What happens is again, if you're thinking
Speaker 1: about things in terms of dollars, you need to be
Speaker 1: thing thinking about things in terms of purchasing power. And
Speaker 1: so while the Fed wants to tell you, don't worry
Speaker 1: about it, uh, of course, in this, in this, in
Speaker 1: this blog post that they put here, they don't have
Speaker 1: any data as to or any reasons why turkey has
Speaker 1: gone up by um the double um. They don't they
Speaker 1: don't want, They don't want to tell you that's because
Speaker 1: they printed way too much money. They do spend some
Speaker 1: time talking about how um. They do talk about how
Speaker 1: soybeans have more kellac um calorie values, how it has
Speaker 1: more protein than than turkey does. So they get into
Speaker 1: that um. They talk about the average global price of
Speaker 1: poultry has been six times higher than the price of soybeans. Um,
Speaker 1: but they don't want to tell you why why has
Speaker 1: the price of turkey gone up? Well, I want to
Speaker 1: tell you why the price of turkey has gone up.
Speaker 1: And again, this is why the entire financial system is
Speaker 1: being undermined by cryptocurrencies, by bitcoin. This is this is
Speaker 1: to give you the big why so you can have
Speaker 1: this long, five, ten, twenty year time frame. I'm not
Speaker 1: trying to tell you where the price is going to
Speaker 1: be next week or what new hot coin to buy,
Speaker 1: so hopefully that's what That's not what you're looking for,
Speaker 1: trying to build the base so you can participate in
Speaker 1: the largest wealth transfer you will ever see. So I'm
Speaker 1: gonna tell you more about that, But I also want
Speaker 1: to break down, Um, what the Fed is doing isn't
Speaker 1: just affecting turkeys, as a matter of fact, it's affecting
Speaker 1: everything else and it's putting us into a very very
Speaker 1: dangerous situation. That was actually um given to us as
Speaker 1: a warning about seventy years ago. Um yeah, and most
Speaker 1: people are not heating that warning. But I'm gonna tell
Speaker 1: you what it is, and I want to tell you unfortunately,
Speaker 1: where things go from here when we get back. By
Speaker 1: the way, you're listening to the Mark Ma Show and
Speaker 1: we're talking about bitcoin, and we're talking about cryptocurrencies, and
Speaker 1: we're talking about this decentralized revolution that's going to change
Speaker 1: are in Hillary Clinton's words, undermine the entire financial system,
Speaker 1: but not a bad way, in a good way. You
Speaker 1: listen to the Mark Ma Show. I'll be right back.
Speaker 1: All right, welcome back. You are listening to the Mark
Speaker 1: Ma Show where we're talking about bitcoin and cryptocurrencies and
Speaker 1: this decentralized revolution that's going on. And we were talking
Speaker 1: about before the break, Um, seeing as it's Thanksgiving week,
Speaker 1: we were talking about a blog post at the Federal
Speaker 1: Reserve put together and they were telling you basically that, Um,
Speaker 1: if I paraphrase here, they're basically saying, we know that
Speaker 1: prices are really really expensive because we printed way too
Speaker 1: much money. So instead of having turkey this year, you
Speaker 1: might want to have to furky. Um. They didn't say
Speaker 1: in those exact words, but they did basically say that, Um.
Speaker 1: You they were basically comparing turkey to tofurkey, saying that, um,
Speaker 1: they both have kind of the same calories. Um. However,
Speaker 1: to furkey is about a third of the price and
Speaker 1: so um. Because the reason why they put that out
Speaker 1: is because of course it's gonna have it's gonna cost
Speaker 1: you so much more money. Um, about three times the
Speaker 1: amount of money to have turkey this year. Um, you
Speaker 1: might want to consider having to furkey instead. I say no.
Speaker 1: I say no, I I ain't doing that. I'm not
Speaker 1: gonna eat the bugs. I'm not gonna eat the soy.
Speaker 1: I want meat and so UM. What I want to
Speaker 1: do then, is I want to find a different system
Speaker 1: that's not making my purchasing power drop. All right, this
Speaker 1: is why bit and this is why cryptocurrency, This is
Speaker 1: why this revolution is happening. Right now, we have one group,
Speaker 1: one entity that controls the money supply, and they create
Speaker 1: more whenever they feel like it, and they give it
Speaker 1: to all their buddies and friends so they can push
Speaker 1: prices up on everybody else. Right now, there's a big subject.
Speaker 1: And I know a lot of you might not be
Speaker 1: caught up on this exactly, But let me just take
Speaker 1: you through a thought experiment real quickly before I dive
Speaker 1: into the rest of this. So if overnight, magically everybody
Speaker 1: not just you, and that'd be great. A vision to you.
Speaker 1: But let's say everybody magically woke up with an extra
Speaker 1: billion dollars in their bank account. Not just do. If
Speaker 1: just you, that'd be great, But if everybody did, would
Speaker 1: you be more rich? And the answer is no, because
Speaker 1: money isn't wealth, right, We need goods and services. And
Speaker 1: what happens is, all of a sudden, we have more
Speaker 1: money going to chase the same amount of goods and services.
Speaker 1: And so what happens the prices go up, all right,
Speaker 1: That's how that works. So when they print more money,
Speaker 1: the prices go up. The reason why the prices go
Speaker 1: up is because the value or the purchasing power of
Speaker 1: those dollars go down. The more they create, the less
Speaker 1: they have value, the less they'll buy, all right. So
Speaker 1: that's why, as they've printed trillions of dollars in the
Speaker 1: last year and a half, turkey used to be fifty
Speaker 1: cents a pound and this year it's a dollar fifty pound,
Speaker 1: not because turkey went up in value, because it takes
Speaker 1: more of your dollars to buy the same turkey this year.
Speaker 1: So what the Fed is saying is, don't worry about
Speaker 1: buying turkey, just go by to fur key instead. Now,
Speaker 1: if you hold your wealth in dollars, that's what you
Speaker 1: deal with. Unfortunately, your dollars by thirty percent less house
Speaker 1: today than they did a year ago. Your dollars by
Speaker 1: thirty percent less car than they did year ago. Your
Speaker 1: dollars by fifty percent less turkey than they did a
Speaker 1: year ago. You see what that see what I'm see
Speaker 1: what I'm talking about. And so that sounds pretty bad.
Speaker 1: So you're telling me, Mark that a group of people
Speaker 1: at the central bank have the power to create a
Speaker 1: bunch of money and steal my wealth. Is that what
Speaker 1: you're saying, work, Yeah, that's exactly what I'm saying. That's
Speaker 1: exactly what I am saying. And and actually, let me
Speaker 1: give it to you from somebody else. There was an
Speaker 1: article written by the I m F. This is the
Speaker 1: International Monetary Fund. So the International Monetary Fund is kind
Speaker 1: of like a central bank. Above the central bank. So
Speaker 1: each country in the United States, we have the Federal Reserve.
Speaker 1: In Europe they have the European Central Bank, and each
Speaker 1: country has their own central bank, and then above that
Speaker 1: you have like the I m F. For the International
Speaker 1: Monetary Fund. They wrote a paper in uh January one,
Speaker 1: two fifteen. I'm gonna give you this specific so you
Speaker 1: don't think I'm making this up. I have it in
Speaker 1: front of me, and the title of the paper is
Speaker 1: called the Liquidation of Government Debt. And I'm not going
Speaker 1: to read the old paper because it's very long and
Speaker 1: it's kind of boring. But on the summary, I'm gonna
Speaker 1: read it for your word for word. Here on the summary,
Speaker 1: high public debt often produces the drama of default and restructuring.
Speaker 1: Like duh, if any of you had a lot of debt,
Speaker 1: there would be drama. There would be a potential you
Speaker 1: might have a default or have to restructure that debt, right, Okay,
Speaker 1: so that's what they said. But they said, but debt
Speaker 1: is also reduced through financial repression. Keyword financial repression. Think
Speaker 1: about that. I'll explain that in a second um. Debt
Speaker 1: is also reduced through financial repression, a tax on bond
Speaker 1: holders and savers via negative or below market real rates.
Speaker 1: So what they're saying is when they have a lot
Speaker 1: of debts, so the government has a lot of debt,
Speaker 1: the debt can be reduced through financial repression. The financial
Speaker 1: oppression is basically stealing from you, and so they do
Speaker 1: it two ways. It says here back to reading directly
Speaker 1: from them. It says capital controls and regulatory restrictions created
Speaker 1: a captive audience for government debt, so they use capital controls.
Speaker 1: They use things to lock you in like UM, India
Speaker 1: or China not allowing you to buy cryptocurrency, so they
Speaker 1: do capital controls and it limits its UH creates a
Speaker 1: captive audience for government debt, limiting tax based erosion. Financial
Speaker 1: repression is most successful in liquidating debt when accompanied by inflation.
Speaker 1: So what they're saying is when they have a lot
Speaker 1: of debt, which of course the government does, they can
Speaker 1: do financial oppression. They can steal from you by a
Speaker 1: couple of things. One capital controls, which trap you in
Speaker 1: the system so you have no alternative, and then two
Speaker 1: through inflation that means by printing more money, creating more money,
Speaker 1: which which steals the value of the purchasing power of
Speaker 1: your dollars. They're stealing from me that way and through bonds.
Speaker 1: So if you have a traditional financial advisor UM, they
Speaker 1: have most likely put you into something like a sixty
Speaker 1: forty portfolio or it's six stocks, bonds, pensions, institutions, things
Speaker 1: like that. That's they put all their money into bonds
Speaker 1: or their money into bonds, and they steal your money
Speaker 1: through bonds as well. So they're they're they're trapping you
Speaker 1: in the system, and then through inflation and through negative rates,
Speaker 1: they are stealing your wealth. This is the paper I
Speaker 1: read directly from the i m F the Central Bank
Speaker 1: about the central bank. This is what they're doing and
Speaker 1: what they're and they're telling you, hey, hey, hey, hey,
Speaker 1: never mind that, just go eat to fur key. Literally,
Speaker 1: the World Economic Forum UH and the IMF are starting
Speaker 1: to circulate papers telling you that bugs are actually really nutritious.
Speaker 1: Did you know how nutritious bugs are? Did you know
Speaker 1: that bugs? Some bugs are actually high end protein? Did
Speaker 1: you know that bugs could be crunchy and delay? Just
Speaker 1: mean they're literally telling you this. Why why? Because they
Speaker 1: understand they're stealing so much wealth from you that you're
Speaker 1: going to have no choice but to eat the tofur
Speaker 1: key or to eat the bugs in the future. But
Speaker 1: not me. I'm not gonna eat the bugs. I'm gonna
Speaker 1: eat steak. And the reason I'm gonna eat steak is
Speaker 1: because I won't stay trapped in their system. I won't
Speaker 1: be subject to their financial repression. I will put my
Speaker 1: money into a system that doesn't steal from me. And
Speaker 1: that's what bitcoin is doing. That's why Hillary Clinton, that's why,
Speaker 1: um Christine Legarde, that's why Janet Yelling is telling you
Speaker 1: that it undermines the financial system. No no, no, no, no.
Speaker 1: What it does. It undermines their capital controls. It undermines
Speaker 1: their ability to keep you locked in this system so
Speaker 1: they can continue to steal from you. That's what it does.
Speaker 1: If it wasn't a better system, people wouldn't be switching
Speaker 1: over to it. In a free market with free choice,
Speaker 1: they don't want a free market. They don't want free choice,
Speaker 1: so they want to take that choice away from you.
Speaker 1: In their own words, the captive audience for government debt.
Speaker 1: I know that's heavy. Now I'm gonna come back. I
Speaker 1: want to tell you where this is going. In rapid orders.
Speaker 1: You can protect yourself, so don't go away, all right,
Speaker 1: Welcome back. You are listening to the Mark Moa Show,
Speaker 1: and we're talking about bitcoin. We're talking about cryptocurrencies, and
Speaker 1: we're talking about the decentralized revolution and specifically what we're
Speaker 1: talking about. If you're with me before the break, we
Speaker 1: are talking about why why why Bitcoin? Why should you
Speaker 1: even care. Why do you even care? Why should anybody care?
Speaker 1: Why do we need an alternative system at all? And so, well,
Speaker 1: there's a million reasons why. And I'll cover each one
Speaker 1: of them each and every week. Uh. And one of
Speaker 1: those or multiple of these wise are going to hit
Speaker 1: you really hard and you're gonna grasp it. But for
Speaker 1: each person it probably means something different. So uh, there's
Speaker 1: a million Wise, I'm gonna cover each one one by one,
Speaker 1: So I guess that's a million weeks will be together.
Speaker 1: So pull out your phone, put a reminder for this
Speaker 1: channel this time, and make sure you're with me each
Speaker 1: and every week. Um, if you really understand what's going on,
Speaker 1: if you really understand why, do you really understand why
Speaker 1: this is going to be so big, so massive, why
Speaker 1: this has the power to change your lives, then you
Speaker 1: have to understand this all right. I know in today's
Speaker 1: um instant gratification world, you're like, Mark, just shut up
Speaker 1: and tell me what dog coin to go by. Well, sorry,
Speaker 1: it's not what we're doing here. I'm not giving you
Speaker 1: financial advice. What I'm giving you is I'm giving the
Speaker 1: reason why this is going to be the biggest opportunity
Speaker 1: you've ever seen in your life. And unfortunately, I know
Speaker 1: everybody wants to become a millionaire in a week. The
Speaker 1: reality is it doesn't happen quite that fast, but you can.
Speaker 1: You might just have to wait a few years. What
Speaker 1: happens is people get so hung up on the short
Speaker 1: term price. Oh man, the crypto market drop fift I
Speaker 1: should sell right now. It's going to crash right like
Speaker 1: zoom out. Um. This is gonna take five or ten years,
Speaker 1: and you can become amazingly rich if you can stay
Speaker 1: in the market, if you don't get shaken out. And
Speaker 1: the only way that you don't get shaken out is
Speaker 1: to understand why. You have to understand why what is
Speaker 1: going on here now? UM, So we're talking about that. UM.
Speaker 1: There was a there was something that came out this
Speaker 1: week and UM one of the biggest financial magazines and
Speaker 1: the Economist, and the Economist ran a headline and it said,
Speaker 1: I'm gonna read it to you directly. Here. It says,
Speaker 1: the sharp increase in inflation over the past year has
Speaker 1: blindsided many economists. Almost no one saw it coming. I'll
Speaker 1: pause for dramatic effect. There. They said, the sharp increason
Speaker 1: inflation has blindsided many economists. And no one saw it coming, really,
Speaker 1: because for the last several years, I've been videos on
Speaker 1: my YouTube channel telling people it's coming, warning people it's coming.
Speaker 1: I don't know who is possibly blindsided by this, um,
Speaker 1: because we all saw it coming. When you print trillions
Speaker 1: of dollars. This is what happens, all right. I explained
Speaker 1: how that works before we went to the break, so
Speaker 1: I'm not gonna go through that again. But to give
Speaker 1: you a little bit of perspective, Um, it's the money, stupid,
Speaker 1: It's the money that costs this. Milton Friedman says that
Speaker 1: inflation is always in everywhere a monetary phenomenon. It's always
Speaker 1: about the money. And so I know that inflation means
Speaker 1: different things to different people, and I know they try
Speaker 1: to make it super confusing so you don't understand it.
Speaker 1: Um and it and it can be different. So for example,
Speaker 1: music got cheaper, right, I used have to pay fifteen
Speaker 1: bucks for a CD. Now for nine nine cents I
Speaker 1: can buy it, or I can get it for free
Speaker 1: on my streaming service. Right, Um so music got cheaper.
Speaker 1: A few things got cheaper. My seventy inch TV got cheaper.
Speaker 1: A few things did, but for the most part. Everything
Speaker 1: else got got more expensive, and so inflation is different
Speaker 1: to each of us depending on what we're buying. Um,
Speaker 1: if you wanted to buy a home on Lake Travis
Speaker 1: on Austin, UM, those prices went up a hundred and
Speaker 1: twenty last year. But if you want to buy a
Speaker 1: home in Kansas City in the suburbs, prices went up
Speaker 1: about fifteen percent. So inflation is different to different people.
Speaker 1: If you live in your parents basement and you watch
Speaker 1: Netflix and each Cheetahs every day, inflation probably doesn't bother you.
Speaker 1: If you're trying to buy a house or send your
Speaker 1: kids to college, then inflation is probably a really big
Speaker 1: deal for you. So it kind of depends. It's different,
Speaker 1: but really it's always about the money. And so to
Speaker 1: give you an idea, the Federal Reserve they published a
Speaker 1: chart called the M one. The M one is the
Speaker 1: money supply, and the money supply the M one chart
Speaker 1: increased in in In March of it was at four
Speaker 1: point two trillion dollars four point two and today it's
Speaker 1: at nineteen point eight, So it basically went from four
Speaker 1: to twenty. That's a real big increase in the money supply.
Speaker 1: And so what do you think happens when they print
Speaker 1: that much money. Well, it creates all types of distortions
Speaker 1: all over the place. So they say, well, no, the
Speaker 1: reason why we're having inflation is because of the supply chains.
Speaker 1: The supply chains are breaking down. Okay, good, Why are
Speaker 1: the supply chains breaking down? Right? You have to dig
Speaker 1: deeper and ask yourself as a question. So let me
Speaker 1: give you something. Um. This is um from Ludwig vun Mises.
Speaker 1: Mesas is the father of the Austrian school, the Austrian
Speaker 1: school of economics. So really, in an economics you have
Speaker 1: two schools of thought. You have the Austrians and you
Speaker 1: have the Kinsians. Um. All colleges teach Kinsian economics. Um.
Speaker 1: The Austrians are right, I'll just tell you that, And
Speaker 1: which is why colleges don't teach it. They don't even
Speaker 1: mention it. You can get a master's degree in economics
Speaker 1: and never even heard about Austrians. And so when when
Speaker 1: the Economist magazine ran this article that inflation has blindsided
Speaker 1: many economists, no one saw it coming. Let me tell
Speaker 1: you what the Austrians told us seventy years ago. So
Speaker 1: mysa said, Um, in the normal course of an economic boom.
Speaker 1: So we've had an economic boom for the last fifty years.
Speaker 1: The economy has been booming. We have new cars and
Speaker 1: new skyscrapers, and new buildings and airplanes and rights. The
Speaker 1: economy has been booming for fifty years in the normal
Speaker 1: course of an economic boom driven by the expansion of
Speaker 1: money and credit. All right. So the boom has been
Speaker 1: driven by the expansion of money and credit. We got
Speaker 1: off the gold standard, and we've printed an unlimited amount
Speaker 1: of money. We've printed over three hundred trillion dollars worth
Speaker 1: of debt. All right, So we had an economic boom
Speaker 1: driven by the expansion of money and credit. It says
Speaker 1: when that happens, the structure of the economy becomes distorted
Speaker 1: in ways that eventually resorted result in shortages of various
Speaker 1: commodities and types of labor, which then lead to increasing
Speaker 1: consumer price inflation. He wrote this over seven years ago.
Speaker 1: So when when the when the economy booms because of
Speaker 1: money expansion, which is what we had from four training
Speaker 1: to twenty two UM, it distorts the markets that eventually
Speaker 1: result in shortages of various commodities, the commodities of the
Speaker 1: raw materials. So when those have shortages, the supply chain
Speaker 1: starts backing up right, exactly what we're seeing, and shortages
Speaker 1: and types of labor. Okay, so we have problems with labor.
Speaker 1: Biden says he's gonna go to the docks and make
Speaker 1: the docks work longer. They're gonna work twenty four hours
Speaker 1: a day that work. We have shortages of labor, airlines
Speaker 1: aren't running, etcetera um, which then lead to shortages or
Speaker 1: I'm sorry, which then leads to increasing consumer price inflation,
Speaker 1: which is exactly what we have. We don't have enough
Speaker 1: goods and services because supply chains and people aren't working.
Speaker 1: But why do we have supply chain issues? The supply
Speaker 1: chains used to work fine, didn't they They've always worked fine.
Speaker 1: You never even thought about supply chains until now. So
Speaker 1: why are they breaking down all of a sudden? Why
Speaker 1: are we having labor problems all of a sudden. Well,
Speaker 1: it's because of all the expansion of money that distorts
Speaker 1: the markets, that's it. So when the economist says that
Speaker 1: they were blindsided in their own words, and no one
Speaker 1: saw it coming, well no, mysas saw it seventy years ago.
Speaker 1: I've been talking about it for for years and years
Speaker 1: and years. Um, it's not hard to understand. Um, the
Speaker 1: problem is they don't want to see it. And so
Speaker 1: let's tie this back. Why do we need something like bitcoin?
Speaker 1: Why do we need cryptocurrencies? Right? The dollar is pretty good,
Speaker 1: isn't it. Well not if they continue to print unlimited
Speaker 1: amounts of money, all it's going to do is continue
Speaker 1: to distort things. As a matter of fact, he goes
Speaker 1: on to continue to say, as this, as this crisis
Speaker 1: point approaches, the central bank has a choice either to
Speaker 1: accelerate the expansion of the money supply, which will only
Speaker 1: make things worse. Right, you have to keep they have
Speaker 1: to keep printing to keep it going, which makes it worse,
Speaker 1: or refrain from doing so at the risk of allowing
Speaker 1: asset prices to fall and disinflace in or a recession
Speaker 1: or depression to happen. So that's that's basically where we're at. Um,
Speaker 1: they're stuck between a rock and a hard place. Now,
Speaker 1: we never would have got into this problem if they
Speaker 1: didn't have a money printer, if they couldn't print unlimited
Speaker 1: amounts of money, and bitcoin takes away their ability to
Speaker 1: do that. Now right now, I can't take that away,
Speaker 1: but I can opt out of the game. I've just
Speaker 1: moved all my money to bitcoin, and I don't play
Speaker 1: that game anymore. You're buying thing. You're buying turkey in
Speaker 1: dollars and it's triple in value as it was last year.
Speaker 1: I'm buying in bitcoin and it's a third of the
Speaker 1: cost for me. I'm not playing in that game. I'm
Speaker 1: undermining their ability to play that game, and you can too.
Speaker 1: That is why bitcoin. All right, I'm gonna tell you
Speaker 1: where this goes from here, because it's probably scarier than
Speaker 1: what you might imagine. Again Mysas called it. I'll be
Speaker 1: right back. You're listening to the Mark Moss Show talking
Speaker 1: about bitcoin. Do not go away, all right, Welcome back.
Speaker 1: You are listening to the Mark Moss Show, and we're
Speaker 1: talking about bitcoin, and we're talking about cryptocurrencies, and we're
Speaker 1: talking about the decentralized revolution. Now, each and every week,
Speaker 1: I am bringing you the most up to date information
Speaker 1: and education so you can participate in the biggest wealth
Speaker 1: transfer you will ever see in your life, the biggest
Speaker 1: opportunity you will ever have in your life. Now, if
Speaker 1: you don't understand what's happening, why it's happening, how it's
Speaker 1: unfolding and what to watch for. You're gonna be like
Speaker 1: most people and get shaken out. We call that weekends.
Speaker 1: The price is going to take a fifteen percent dip,
Speaker 1: You're gonna panic, You're gonna sell. But if you understand
Speaker 1: why we need it, why it's important, why it's so
Speaker 1: much better than the old system, why it's getting bigger
Speaker 1: and bigger, then you're gonna have the strong hands to
Speaker 1: stay in and make life changing wealth. And I don't
Speaker 1: take I'm not saying that lightly. I'm being I'm being
Speaker 1: serious with that. It's changed my life. Imagine if you
Speaker 1: could have bought bitcoin back in two thousand fifteen or
Speaker 1: two thousand twelve when it was a hundred bucks and
Speaker 1: it's sixty thousand to day with that have changed your
Speaker 1: life now, It would have if you would have managed
Speaker 1: to stay in it that whole time. The problem is
Speaker 1: most people got shaken out because they see one bad
Speaker 1: headline and they get out of the game. I want
Speaker 1: to change that for you. I want to give you
Speaker 1: the information that you need so you can stay in it.
Speaker 1: So um, sometimes we're gonna talk about news headlines. Sometimes
Speaker 1: we'll talk about price action. Today we're going deep and
Speaker 1: I'm talking about why why the system that we have
Speaker 1: is so broken and why this other system is better. UM.
Speaker 1: I don't want to recap everything that I've said, but
Speaker 1: I was talking about how um turkey has gotten more expensive,
Speaker 1: the Feds telling you need um toe furkey instead. I
Speaker 1: don't want to do that. UM, if you, if you
Speaker 1: keep your wealth stored in dollars to furkey, I'm sorry.
Speaker 1: Turkey is now triple the price that it was last year. UM,
Speaker 1: I store my wealth and bitcoin, so um turkey is
Speaker 1: a third of the price as it was last year
Speaker 1: for me. So it's cheaper for me, it's more expensive
Speaker 1: for you. Why because I opted out of their system.
Speaker 1: That's what bitcoin allows us to do. Now. The economist
Speaker 1: ran a headline it said nobody saw inflation coming. Nobody
Speaker 1: could have seen it. And I explained how Mesas from
Speaker 1: the Austrian School predicted this seventy years ago. UM, I'm
Speaker 1: not gonna go through that again. But what he also
Speaker 1: did is predicted something else. He predicted something called the
Speaker 1: crack up boom. Maybe you've heard about that before. And
Speaker 1: basically he says, he said that you know when they
Speaker 1: print a bunch of money, which is what they did.
Speaker 1: It distorts the markets and all these things happened, which
Speaker 1: it did. But what comes next is what he calls
Speaker 1: the crack up boom, and basically, let me read it
Speaker 1: for you. He says that finally the masses wake up.
Speaker 1: They become suddenly aware of the fact that inflation is
Speaker 1: a deliberate policy and will go on endlessly. I'll stop there.
Speaker 1: So the masses wake up, So people are starting to
Speaker 1: wake up. They become suddenly aware of the fact that inflation, inflation,
Speaker 1: so prices going up is not accidental. So what what
Speaker 1: the president what the media is trying to tell you.
Speaker 1: It's it's transitory. It's gonna go away, right, No, No,
Speaker 1: they become aware of the fact that inflation is a
Speaker 1: deliberate policy, and we'll go on endlessly. I'm gonna tell
Speaker 1: you about that in a second. Let me finish reading
Speaker 1: this though. Um that is deliberate policy will go on innestly,
Speaker 1: and then a breakdown occurs. The crack up boom appears.
Speaker 1: Everybody is anxious to swap their money against real goods,
Speaker 1: no matter no matter whether you need them or not,
Speaker 1: no matter how much money you have to pay for them.
Speaker 1: Within a very short time, the things we which we
Speaker 1: used as money are no longer used as medium of exchange.
Speaker 1: They become strap scrap paper. So let's break this down.
Speaker 1: So very suddenly the masses wake up. People are starting
Speaker 1: to realize that it's twice as much to fillip your
Speaker 1: gastan because it was last year. The FED is telling
Speaker 1: you that turkey is too expensive and you should buy
Speaker 1: um soybeans. Right, So people are waking up to that.
Speaker 1: But then they become suddenly so suddenly they become aware
Speaker 1: of the the fact that inflation is a deliberate policy. So
Speaker 1: what does that mean? So they're telling you, no, no inflation,
Speaker 1: it's transit orry right, No, it's a deliberate policy. The
Speaker 1: FED has a goal to have two percent inflation. That's
Speaker 1: their goal. That's their target. Their target is to have
Speaker 1: two percent inflation. As a matter of fact, Um, that's
Speaker 1: their goal. That's their target. But they like to have
Speaker 1: even more than that. As a matter of fact, here's
Speaker 1: a couple of news headlines. Uh, Janet yelling when she
Speaker 1: used to run the FED. She says, Yelling's only regret
Speaker 1: as the FED chair is low inflation. These are headlines. Um, really,
Speaker 1: he ran the FED. The only regret you had is
Speaker 1: that their inflation was too low. Here's another one, UM
Speaker 1: low inflation is one of the major challenges of our
Speaker 1: lifetime FEDS Powell says. Jerome Power runs the FED, so
Speaker 1: he says that one of the major challenges of our
Speaker 1: lifetime is low inflation. UH. The New York FED President
Speaker 1: John Williams says low inflation is the problem of this era.
Speaker 1: UM fed's daily says, don't be fearful about too high inflation.
Speaker 1: Um Coral says, FED very committed to pushing inflation above
Speaker 1: two percent. I have about another or five or six
Speaker 1: of these I could read, but for time's sake, I'm
Speaker 1: not going to get the point. So when the masses
Speaker 1: wake up that this is it's deliberate policy and it's
Speaker 1: going to go on endlessly, which it is, a breakdown occurs,
Speaker 1: which is where we're at. And we're already starting to
Speaker 1: see people are anxious to swap your money, right, So,
Speaker 1: oh shoot, I better buy a house now because they're
Speaker 1: going to be more expensive in the future. Oh shoot,
Speaker 1: I better buy a new car now because it would
Speaker 1: be more expensive. I better go buy some canned goods
Speaker 1: because I don't know if I can get them later
Speaker 1: in the future. Right, people are already anxiously swapping their
Speaker 1: money against real goods. It's already happening. All this that
Speaker 1: was predicted is starting to happen. Now, when does the
Speaker 1: final breakdown occur? Well, we don't know exactly, but let
Speaker 1: me give you an idea. So, um, trust Trust is
Speaker 1: a very fragile thing. Right, You have a relationship with
Speaker 1: a coworker or business partner, or a wife, a husband,
Speaker 1: a kid, whatever, friend, and you trust that person. But
Speaker 1: maybe there's a couple of things that are happening that
Speaker 1: are than you to start to lose trust a little
Speaker 1: bit gradually, but gradually you're starting to get more suspicious
Speaker 1: and you're losing trust, and you're losing trust, and you're
Speaker 1: losing trust. And then finally you see a piece of
Speaker 1: information that caused you to lose trust, it's over. So
Speaker 1: it's gradually then suddenly, And so that's kind of where
Speaker 1: we're at right now. Like people are starting to see
Speaker 1: these prices of turkey going up so fast and gasoline
Speaker 1: going up so fast. We're losing trust, We're losing trust,
Speaker 1: We're losing trust. Right now, today we have six or
Speaker 1: seven countries with millions of people in the streets marching.
Speaker 1: Millions of people in the streets are protesting their lockdowns.
Speaker 1: We have France, Switzerland, Italy, Austria, Germany, Netherlands, Canada, Belgium, Australia,
Speaker 1: Czech Republican New Zealand. Millions of people are in these streets.
Speaker 1: Now you won't see it on mainstream media, but if
Speaker 1: you go on Twitter, you'll see it. People, you know,
Speaker 1: boots on the ground, reporters are showing this. These are
Speaker 1: all people who have lost trust. They've lost trust. Now.
Speaker 1: A poll is and UM a few weeks ago, November eighteen,
Speaker 1: a pretty big poll, A good a good poll UM
Speaker 1: eleven thousand people over seventy six countries said that fortent
Speaker 1: of people say they trust bitcoin more than local currencies.
Speaker 1: That's a pretty massive number. We have all these countries
Speaker 1: with millions of people in the streets marching, not trusting
Speaker 1: their governments. What happens if those people just went and
Speaker 1: pull their money out of the bank about bitcoin? Well,
Speaker 1: I'll tell you, if less than one percent of the
Speaker 1: people went to the banks to pull their money out,
Speaker 1: it would create what's called the bank run. The banks
Speaker 1: don't have your money in the bank, they loan it out.
Speaker 1: It's called fraction members are banking. The banks would go insolvent,
Speaker 1: bankrupt overnight immediately if that happened. That is the point,
Speaker 1: that's the crack up boom. We're losing trust. We're losing trust.
Speaker 1: We're losing trust. At the point when people say I'm
Speaker 1: gonna leave this this dollar system and go to a
Speaker 1: bitcoin system, the whole system collapses now of our already
Speaker 1: done it. That's why my turkey is a third of
Speaker 1: the price this year, but your turkey is three times
Speaker 1: the price this year. You We need to guard our
Speaker 1: wealth against this financial repression. The I m F talks
Speaker 1: about we need to guard our wealth from the government
Speaker 1: stealing it through inflation. We do that by holding another
Speaker 1: asset like bitcoin. Now, some people say that gold is
Speaker 1: a good store of value hedge against inflation, and it
Speaker 1: and it has been for five thousand years. It was great.
Speaker 1: Michael Sailor from Michael Strategy says that fighting the war
Speaker 1: for sound money, or fighting the war against inflation with
Speaker 1: a portfolio fifty gold and fifty percent bitcoin is like
Speaker 1: equipping half your army with modern armor and aircraft and
Speaker 1: the other half with ancient swords and spears because I
Speaker 1: read in a book we used to fight that way. Huh.
Speaker 1: So I would just say that what you store your
Speaker 1: wealth in matters. If you store it in dollars, your
Speaker 1: turkey is getting more expensive. If you store it in bitcoin,
Speaker 1: your turkey is getting cheaper. And uh, choose your weapons accordingly.
Speaker 1: I guess what I would say, and that is why
Speaker 1: one of the millions of reasons why bitcoin is here
Speaker 1: to stay. You've been listening to The Mark mos Show.
Speaker 1: We're talking, of course, about bitcoin and cryptocurrencies and the
Speaker 1: decentralized revolution. You can find me on social media at
Speaker 1: one Mark Moss at is the number one Mark Moss
Speaker 1: Send me a message on Twitter, Instagram. I'd love to
Speaker 1: hear from you and tell me you heard me on
Speaker 1: the show. Ask me a question, I will answer it
Speaker 1: all right, um, and make sure you're with me each
Speaker 1: and every week for the most uh, the most important
Speaker 1: part of your week. The Mark mass Show. Thanks for listening.