WEBVTT - The Mark Moss Show Dec 01, 2021 0:00:00.200 --> 0:00:02.480 All right, welcome back. You are listening to the Mark 0:00:02.560 --> 0:00:05.800 Moa Show, and we are talking about bitcoin, We're talking 0:00:05.840 --> 0:00:11.879 about cryptocurrencies, We're talking about the decentralized revolution. All right, now, 0:00:12.280 --> 0:00:15.040 I got some big stuff to talk about today that uh. 0:00:15.160 --> 0:00:19.759 I think he's going to be pretty funny, entertaining, exciting, 0:00:19.800 --> 0:00:22.520 and it's really going to build a bigger picture for you. 0:00:22.520 --> 0:00:25.000 You know. I think a lot of people are too 0:00:25.079 --> 0:00:28.080 zoomed in thinking about the price of bitcoin and cryptocurrency 0:00:28.120 --> 0:00:31.520 on a regular basis without really thinking about why. And 0:00:31.520 --> 0:00:33.559 that's one question that I hear all the time. I've 0:00:33.560 --> 0:00:37.040 been making content and education around bitcoin for about I 0:00:37.080 --> 0:00:40.159 think about six years now, and in the United States, 0:00:40.240 --> 0:00:43.920 over and over and over, I hear why, why do 0:00:44.000 --> 0:00:48.200 we need it? What's the point? What good does it do? Um? 0:00:48.240 --> 0:00:50.360 You know all these types of things, And I get 0:00:50.400 --> 0:00:52.239 that if you're in the United States, you know, we 0:00:52.360 --> 0:00:57.080 have a pretty reliable form of money, don't we. I 0:00:57.160 --> 0:01:01.400 say that rhetorically, don't we. Uh. The dollar doesn't move 0:01:01.440 --> 0:01:05.679 around as much as it might in Venezuela or Argentina 0:01:05.920 --> 0:01:09.520 or Lebanon for that matter. Right now, um or Turkey. 0:01:09.560 --> 0:01:13.600 Turkey is having a really, really big problem with their currency. However, 0:01:13.800 --> 0:01:16.600 even though the dollar seems to be well, it is 0:01:17.080 --> 0:01:19.800 a lot more stable than those other currencies, it's also 0:01:20.240 --> 0:01:23.720 losing value like a rock. Now not as bad as them, 0:01:23.800 --> 0:01:26.560 but like a rock. And so one of the many 0:01:26.600 --> 0:01:29.120 reasons that we'll talk about if you join me each 0:01:29.160 --> 0:01:31.960 and every week, which, by the way, you should while 0:01:32.000 --> 0:01:33.720 you're listening, go ahead and pull out your phone instead 0:01:33.720 --> 0:01:36.319 of calendar reminder for this date and time in this channel, 0:01:37.520 --> 0:01:38.880 make sure you're tune in with me each and every week. 0:01:38.920 --> 0:01:42.360 As we talked about bitcoin and cryptocurrencies and the decentralized revolution, 0:01:42.400 --> 0:01:45.319 but today we're just talking about why why do we 0:01:45.400 --> 0:01:49.640 even matter if we want to use a new something new? UM, 0:01:49.760 --> 0:01:53.440 we have to understand why we want the new versus 0:01:53.480 --> 0:01:56.600 the old. So UM, if you were going to switch 0:01:56.680 --> 0:02:00.840 to UM c d s, let's see these anymore. If 0:02:00.880 --> 0:02:03.720 you're gonna switch to streaming music instead of you buying 0:02:04.000 --> 0:02:06.600 c d s, what's the difference. Well, CDs you had 0:02:06.640 --> 0:02:09.359 to buy one for fifteen bucks and you only had 0:02:09.360 --> 0:02:11.440 those songs, and if it got scratched you couldn't listen 0:02:11.480 --> 0:02:13.000 to it anymore, and if you left it at home, 0:02:13.040 --> 0:02:15.720 you didn't have it right, all these things. Now I 0:02:15.760 --> 0:02:18.440 can have unlimited music, and I can have every song 0:02:18.480 --> 0:02:19.919 I want, and it can be on my phone and 0:02:19.919 --> 0:02:21.560 I can stream anywhere I go. Right, So you have 0:02:21.600 --> 0:02:24.160 to understand what the new system is that's replacing the 0:02:24.200 --> 0:02:27.400 old system. And unfortunately, just most people don't really understand 0:02:27.440 --> 0:02:31.360 the old financial system. Well, I say old, it's still 0:02:31.360 --> 0:02:33.920 the current. It's still the current today. But you know, 0:02:34.040 --> 0:02:38.560 one of the things that is happening, um rapidly is that, 0:02:38.639 --> 0:02:40.720 while as I said, the dollar is much more stable 0:02:40.760 --> 0:02:43.639 than other currencies like in Turkey, which is having a 0:02:43.680 --> 0:02:48.480 big problem, or Venezuela, Argentina, etcetera. Um, it's still falling 0:02:48.560 --> 0:02:52.399 and purchasing power pretty dang fast. What do I mean 0:02:52.400 --> 0:02:55.120 by that, Well, most of you listening right now have 0:02:55.280 --> 0:02:58.799 probably noticed that it costs twice as much to fill 0:02:58.880 --> 0:03:01.680 up your car today than it did a year ago. 0:03:02.560 --> 0:03:04.959 You probably noticed that if you go to the grocery store, 0:03:05.440 --> 0:03:08.399 you end up with way less groceries than you did 0:03:08.720 --> 0:03:12.240 a year ago. Um. I think red meat is up, 0:03:13.520 --> 0:03:18.760 you know, chickens up. Everything is up, and it's gotten 0:03:18.800 --> 0:03:22.400 to the point where you know, the FED, the FEDO Reserve, 0:03:22.520 --> 0:03:25.960 the government, they tell us what the inflation number is. Now, 0:03:26.200 --> 0:03:30.560 what is inflation? Well, inflation is a lot of different things. 0:03:30.400 --> 0:03:34.320 It's a nuanced argument or a nuance conversation, I should say, 0:03:34.320 --> 0:03:38.280 But typically it's um, it's most most likely are most 0:03:38.280 --> 0:03:43.040 typically represented as prices going up. So when the price 0:03:43.120 --> 0:03:46.520 of gasoline went up, that was price inflation, right, things 0:03:46.560 --> 0:03:49.720 like that. But what causes that to happen? Well, I 0:03:49.760 --> 0:03:52.720 believe it's always caused by money inflation. So when you 0:03:52.800 --> 0:03:56.200 inflate the money supply, when you create more money, um, 0:03:56.240 --> 0:03:59.760 it causes prices to go up. Now I'm gonna dig 0:03:59.800 --> 0:04:01.880 into that in a little bit more detail. But something 0:04:01.920 --> 0:04:05.680 caught my eye this weekend, because of course this week 0:04:05.760 --> 0:04:08.600 was Thanksgiving. I want to talk about this. So the 0:04:08.880 --> 0:04:12.320 Federal Reserve, UM, the Federal Reserve, which of course runs 0:04:12.360 --> 0:04:14.960 the central bank for the United States and runs the currency. 0:04:15.480 --> 0:04:18.280 They put out a blog post that was pretty interesting 0:04:18.400 --> 0:04:23.360 and it says, um, turkey or to furkey question mark 0:04:24.680 --> 0:04:30.920 a protein price comparison for the thanks Giving meal. So um. Basically, 0:04:30.960 --> 0:04:33.440 what they're saying is that I Thanksgiving dinner serving of 0:04:33.520 --> 0:04:36.800 poultry of turkey cost one dollar and forty two cents, 0:04:37.240 --> 0:04:41.279 but a soybean based dinner serving with the same amount 0:04:41.279 --> 0:04:47.040 of calories cost sixty six cents. Mm hmm. So what 0:04:47.080 --> 0:04:50.599 they're saying is, uh, price inflation got you down because 0:04:50.600 --> 0:04:52.880 we printed way too many dollars and we're out of control. 0:04:53.200 --> 0:04:57.200 Don't worry. Just don't eat turkey instead eat soybeans. That's 0:04:57.200 --> 0:05:01.640 what they're literally saying to you. Um, that's what they 0:05:01.640 --> 0:05:05.680 think about you. Um, but no, how about no? How 0:05:05.720 --> 0:05:08.400 about no? I don't want soybeans. I want turkey, and 0:05:08.440 --> 0:05:11.120 so my dollar the reason why turkey is so much 0:05:11.160 --> 0:05:14.719 more expensive and I there's they're suggesting that if I 0:05:14.760 --> 0:05:17.080 don't like the price of turkey going up, that I 0:05:17.080 --> 0:05:19.920 should just buy soybeans instead. With the reason why is 0:05:19.960 --> 0:05:24.279 because they printed almost eight trillion dollars in the last year, 0:05:24.760 --> 0:05:27.400 eight trillion dollars. And when they dump into not in 0:05:27.400 --> 0:05:29.120 the last year, over the last several years, and when 0:05:29.160 --> 0:05:32.400 they dump in that much money, it causes prices to 0:05:32.560 --> 0:05:37.080 go up. Now, let's look at if we were that's 0:05:37.120 --> 0:05:39.640 that's if we're using dollars. So you have to understand 0:05:39.920 --> 0:05:42.520 everything that you buy is really a trade, right, It's 0:05:42.520 --> 0:05:45.680 always a barter. So I'm going to trade this turkey 0:05:45.839 --> 0:05:48.880 four dollars. Right, I'm gonna trade this turkey for an 0:05:48.880 --> 0:05:51.599 hour of my labor. I'm gonna trade this turkey for 0:05:51.960 --> 0:05:54.800 this old picture that I have or whatever. Like I'm 0:05:54.839 --> 0:05:56.919 trading it. I'm trading it for I'm trade you this 0:05:56.960 --> 0:05:59.920 turkey for you know, one share of Tesla stock or 0:06:00.120 --> 0:06:02.159 whatever it may be. Right, it's always a trade. And 0:06:02.200 --> 0:06:05.640 since dollars represent half of pretty much every trade, everything 0:06:05.640 --> 0:06:08.720 that we think about in America is denominant, and a 0:06:08.800 --> 0:06:11.560 lot of the world is denominated in US dollars. But 0:06:11.640 --> 0:06:16.880 because they're constantly manipulating the dollars, we lose sight of 0:06:17.080 --> 0:06:20.080 really how much things are are costing us. So, for example, 0:06:21.640 --> 0:06:25.719 while the price of um turkey has gone up in 0:06:26.040 --> 0:06:30.600 US dollars, the price of turkey has actually come down 0:06:31.360 --> 0:06:34.080 in bitcoin. So if we're using bitcoin as a denomination 0:06:34.160 --> 0:06:36.960 as our store of value, it's actually come down. So 0:06:37.000 --> 0:06:41.520 if I go to a year ago, um, November, if 0:06:41.520 --> 0:06:44.680 we go back to November of last year, one bitcoin 0:06:44.839 --> 0:06:48.719 was about eighteen thousand dollars and today one bitcoin is 0:06:48.760 --> 0:06:52.919 you know, almost sixty thou dollars. So that's that means 0:06:52.960 --> 0:06:56.320 that if I was using bitcoin as my denomination. I'm 0:06:56.360 --> 0:06:58.400 just doing quick math in my head, so forgive me. 0:06:58.440 --> 0:07:02.200 I'm not a math major. But basically, the turkey has 0:07:02.240 --> 0:07:04.599 actually come down in value. It's about a third of 0:07:04.640 --> 0:07:07.680 the price it used to be priced in bitcoin. It's 0:07:07.800 --> 0:07:09.680 double the price it used to be a year ago, 0:07:09.760 --> 0:07:13.280 priced in dollars, double in dollars, but it's a third 0:07:13.360 --> 0:07:17.480 of the price in bitcoin. M hmmm, that's interesting, isn't 0:07:17.480 --> 0:07:21.920 it very interesting? What happens is again, if you're thinking 0:07:21.920 --> 0:07:23.840 about things in terms of dollars, you need to be 0:07:23.920 --> 0:07:27.880 thing thinking about things in terms of purchasing power. And 0:07:27.920 --> 0:07:31.080 so while the Fed wants to tell you, don't worry 0:07:31.080 --> 0:07:34.120 about it, uh, of course, in this, in this, in 0:07:34.120 --> 0:07:37.280 this blog post that they put here, they don't have 0:07:37.440 --> 0:07:41.360 any data as to or any reasons why turkey has 0:07:41.400 --> 0:07:45.000 gone up by um the double um. They don't they 0:07:45.000 --> 0:07:46.400 don't want, They don't want to tell you that's because 0:07:46.440 --> 0:07:48.920 they printed way too much money. They do spend some 0:07:49.040 --> 0:07:55.080 time talking about how um. They do talk about how 0:07:55.400 --> 0:08:00.880 soybeans have more kellac um calorie values, how it has 0:08:01.160 --> 0:08:04.760 more protein than than turkey does. So they get into 0:08:04.840 --> 0:08:08.840 that um. They talk about the average global price of 0:08:08.880 --> 0:08:13.600 poultry has been six times higher than the price of soybeans. Um, 0:08:13.640 --> 0:08:15.960 but they don't want to tell you why why has 0:08:16.080 --> 0:08:18.720 the price of turkey gone up? Well, I want to 0:08:18.760 --> 0:08:20.440 tell you why the price of turkey has gone up. 0:08:20.440 --> 0:08:23.920 And again, this is why the entire financial system is 0:08:23.960 --> 0:08:27.560 being undermined by cryptocurrencies, by bitcoin. This is this is 0:08:27.600 --> 0:08:29.960 to give you the big why so you can have 0:08:30.000 --> 0:08:34.040 this long, five, ten, twenty year time frame. I'm not 0:08:34.040 --> 0:08:35.240 trying to tell you where the price is going to 0:08:35.280 --> 0:08:37.280 be next week or what new hot coin to buy, 0:08:37.320 --> 0:08:39.439 so hopefully that's what That's not what you're looking for, 0:08:39.800 --> 0:08:43.040 trying to build the base so you can participate in 0:08:43.120 --> 0:08:47.520 the largest wealth transfer you will ever see. So I'm 0:08:47.520 --> 0:08:49.520 gonna tell you more about that, But I also want 0:08:49.520 --> 0:08:52.760 to break down, Um, what the Fed is doing isn't 0:08:52.880 --> 0:08:55.560 just affecting turkeys, as a matter of fact, it's affecting 0:08:55.559 --> 0:08:59.200 everything else and it's putting us into a very very 0:08:59.360 --> 0:09:03.000 dangerous situation. That was actually um given to us as 0:09:03.040 --> 0:09:08.600 a warning about seventy years ago. Um yeah, and most 0:09:08.600 --> 0:09:11.200 people are not heating that warning. But I'm gonna tell 0:09:11.200 --> 0:09:12.880 you what it is, and I want to tell you unfortunately, 0:09:13.000 --> 0:09:17.160 where things go from here when we get back. By 0:09:17.200 --> 0:09:19.120 the way, you're listening to the Mark Ma Show and 0:09:19.160 --> 0:09:22.240 we're talking about bitcoin, and we're talking about cryptocurrencies, and 0:09:22.280 --> 0:09:26.959 we're talking about this decentralized revolution that's going to change 0:09:27.280 --> 0:09:31.880 are in Hillary Clinton's words, undermine the entire financial system, 0:09:32.040 --> 0:09:33.679 but not a bad way, in a good way. You 0:09:33.760 --> 0:09:36.200 listen to the Mark Ma Show. I'll be right back. 0:09:36.800 --> 0:09:39.040 All right, welcome back. You are listening to the Mark 0:09:39.120 --> 0:09:42.800 Ma Show where we're talking about bitcoin and cryptocurrencies and 0:09:42.840 --> 0:09:47.240 this decentralized revolution that's going on. And we were talking 0:09:47.280 --> 0:09:51.319 about before the break, Um, seeing as it's Thanksgiving week, 0:09:51.679 --> 0:09:54.360 we were talking about a blog post at the Federal 0:09:54.400 --> 0:09:58.640 Reserve put together and they were telling you basically that, Um, 0:10:00.040 --> 0:10:02.360 if I paraphrase here, they're basically saying, we know that 0:10:02.440 --> 0:10:05.240 prices are really really expensive because we printed way too 0:10:05.320 --> 0:10:08.480 much money. So instead of having turkey this year, you 0:10:08.559 --> 0:10:12.400 might want to have to furky. Um. They didn't say 0:10:12.440 --> 0:10:16.079 in those exact words, but they did basically say that, Um. 0:10:16.240 --> 0:10:20.080 You they were basically comparing turkey to tofurkey, saying that, um, 0:10:20.080 --> 0:10:22.840 they both have kind of the same calories. Um. However, 0:10:22.960 --> 0:10:26.280 to furkey is about a third of the price and 0:10:26.360 --> 0:10:30.080 so um. Because the reason why they put that out 0:10:30.120 --> 0:10:32.640 is because of course it's gonna have it's gonna cost 0:10:32.679 --> 0:10:35.560 you so much more money. Um, about three times the 0:10:35.559 --> 0:10:38.280 amount of money to have turkey this year. Um, you 0:10:38.360 --> 0:10:42.400 might want to consider having to furkey instead. I say no. 0:10:43.240 --> 0:10:45.520 I say no, I I ain't doing that. I'm not 0:10:45.559 --> 0:10:47.480 gonna eat the bugs. I'm not gonna eat the soy. 0:10:47.640 --> 0:10:50.520 I want meat and so UM. What I want to 0:10:50.520 --> 0:10:53.439 do then, is I want to find a different system 0:10:53.520 --> 0:10:58.640 that's not making my purchasing power drop. All right, this 0:10:58.679 --> 0:11:02.040 is why bit and this is why cryptocurrency, This is 0:11:02.080 --> 0:11:05.640 why this revolution is happening. Right now, we have one group, 0:11:05.840 --> 0:11:09.800 one entity that controls the money supply, and they create 0:11:09.880 --> 0:11:12.880 more whenever they feel like it, and they give it 0:11:12.920 --> 0:11:16.000 to all their buddies and friends so they can push 0:11:16.040 --> 0:11:19.600 prices up on everybody else. Right now, there's a big subject. 0:11:19.720 --> 0:11:21.320 And I know a lot of you might not be 0:11:21.360 --> 0:11:23.520 caught up on this exactly, But let me just take 0:11:23.559 --> 0:11:26.160 you through a thought experiment real quickly before I dive 0:11:26.200 --> 0:11:31.719 into the rest of this. So if overnight, magically everybody 0:11:31.880 --> 0:11:34.079 not just you, and that'd be great. A vision to you. 0:11:34.320 --> 0:11:38.360 But let's say everybody magically woke up with an extra 0:11:39.679 --> 0:11:44.040 billion dollars in their bank account. Not just do. If 0:11:44.320 --> 0:11:46.960 just you, that'd be great, But if everybody did, would 0:11:47.000 --> 0:11:50.439 you be more rich? And the answer is no, because 0:11:50.480 --> 0:11:52.960 money isn't wealth, right, We need goods and services. And 0:11:53.000 --> 0:11:55.840 what happens is, all of a sudden, we have more 0:11:55.920 --> 0:11:59.480 money going to chase the same amount of goods and services. 0:11:59.679 --> 0:12:03.040 And so what happens the prices go up, all right, 0:12:03.480 --> 0:12:07.120 That's how that works. So when they print more money, 0:12:07.400 --> 0:12:09.440 the prices go up. The reason why the prices go 0:12:09.600 --> 0:12:12.560 up is because the value or the purchasing power of 0:12:12.559 --> 0:12:17.520 those dollars go down. The more they create, the less 0:12:17.640 --> 0:12:20.480 they have value, the less they'll buy, all right. So 0:12:20.520 --> 0:12:23.080 that's why, as they've printed trillions of dollars in the 0:12:23.120 --> 0:12:26.800 last year and a half, turkey used to be fifty 0:12:26.840 --> 0:12:29.760 cents a pound and this year it's a dollar fifty pound, 0:12:30.960 --> 0:12:34.320 not because turkey went up in value, because it takes 0:12:34.400 --> 0:12:38.920 more of your dollars to buy the same turkey this year. 0:12:39.360 --> 0:12:41.520 So what the Fed is saying is, don't worry about 0:12:41.559 --> 0:12:44.400 buying turkey, just go by to fur key instead. Now, 0:12:45.240 --> 0:12:49.160 if you hold your wealth in dollars, that's what you 0:12:49.200 --> 0:12:53.760 deal with. Unfortunately, your dollars by thirty percent less house 0:12:53.880 --> 0:12:57.240 today than they did a year ago. Your dollars by 0:12:57.280 --> 0:13:01.199 thirty percent less car than they did year ago. Your 0:13:01.280 --> 0:13:05.160 dollars by fifty percent less turkey than they did a 0:13:05.200 --> 0:13:07.080 year ago. You see what that see what I'm see 0:13:07.080 --> 0:13:10.280 what I'm talking about. And so that sounds pretty bad. 0:13:10.600 --> 0:13:13.199 So you're telling me, Mark that a group of people 0:13:13.280 --> 0:13:15.000 at the central bank have the power to create a 0:13:15.000 --> 0:13:17.960 bunch of money and steal my wealth. Is that what 0:13:17.960 --> 0:13:22.440 you're saying, work, Yeah, that's exactly what I'm saying. That's 0:13:22.480 --> 0:13:26.920 exactly what I am saying. And and actually, let me 0:13:27.040 --> 0:13:29.880 give it to you from somebody else. There was an 0:13:29.960 --> 0:13:32.240 article written by the I m F. This is the 0:13:32.280 --> 0:13:35.640 International Monetary Fund. So the International Monetary Fund is kind 0:13:35.640 --> 0:13:39.000 of like a central bank. Above the central bank. So 0:13:39.080 --> 0:13:42.200 each country in the United States, we have the Federal Reserve. 0:13:42.480 --> 0:13:45.160 In Europe they have the European Central Bank, and each 0:13:45.160 --> 0:13:47.880 country has their own central bank, and then above that 0:13:48.440 --> 0:13:50.439 you have like the I m F. For the International 0:13:50.440 --> 0:13:54.960 Monetary Fund. They wrote a paper in uh January one, 0:13:55.240 --> 0:13:57.480 two fifteen. I'm gonna give you this specific so you 0:13:57.480 --> 0:13:59.240 don't think I'm making this up. I have it in 0:13:59.320 --> 0:14:03.320 front of me, and the title of the paper is 0:14:03.320 --> 0:14:07.720 called the Liquidation of Government Debt. And I'm not going 0:14:07.760 --> 0:14:09.079 to read the old paper because it's very long and 0:14:09.120 --> 0:14:11.080 it's kind of boring. But on the summary, I'm gonna 0:14:11.080 --> 0:14:13.079 read it for your word for word. Here on the summary, 0:14:13.440 --> 0:14:18.680 high public debt often produces the drama of default and restructuring. 0:14:20.480 --> 0:14:23.440 Like duh, if any of you had a lot of debt, 0:14:23.920 --> 0:14:25.880 there would be drama. There would be a potential you 0:14:26.000 --> 0:14:28.800 might have a default or have to restructure that debt, right, Okay, 0:14:28.800 --> 0:14:31.640 so that's what they said. But they said, but debt 0:14:31.720 --> 0:14:38.000 is also reduced through financial repression. Keyword financial repression. Think 0:14:38.000 --> 0:14:40.960 about that. I'll explain that in a second um. Debt 0:14:41.000 --> 0:14:44.920 is also reduced through financial repression, a tax on bond 0:14:44.960 --> 0:14:51.520 holders and savers via negative or below market real rates. 0:14:52.000 --> 0:14:54.560 So what they're saying is when they have a lot 0:14:54.560 --> 0:14:56.320 of debts, so the government has a lot of debt, 0:14:57.680 --> 0:15:01.080 the debt can be reduced through financial repression. The financial 0:15:01.080 --> 0:15:05.040 oppression is basically stealing from you, and so they do 0:15:05.080 --> 0:15:08.240 it two ways. It says here back to reading directly 0:15:08.280 --> 0:15:12.160 from them. It says capital controls and regulatory restrictions created 0:15:12.160 --> 0:15:16.400 a captive audience for government debt, so they use capital controls. 0:15:16.400 --> 0:15:19.080 They use things to lock you in like UM, India 0:15:19.440 --> 0:15:22.160 or China not allowing you to buy cryptocurrency, so they 0:15:22.200 --> 0:15:25.920 do capital controls and it limits its UH creates a 0:15:25.920 --> 0:15:30.280 captive audience for government debt, limiting tax based erosion. Financial 0:15:30.320 --> 0:15:35.520 repression is most successful in liquidating debt when accompanied by inflation. 0:15:36.160 --> 0:15:38.360 So what they're saying is when they have a lot 0:15:38.360 --> 0:15:40.880 of debt, which of course the government does, they can 0:15:40.920 --> 0:15:43.480 do financial oppression. They can steal from you by a 0:15:43.480 --> 0:15:46.080 couple of things. One capital controls, which trap you in 0:15:46.120 --> 0:15:48.680 the system so you have no alternative, and then two 0:15:49.280 --> 0:15:52.800 through inflation that means by printing more money, creating more money, 0:15:53.800 --> 0:15:56.280 which which steals the value of the purchasing power of 0:15:56.280 --> 0:15:59.680 your dollars. They're stealing from me that way and through bonds. 0:16:00.360 --> 0:16:04.000 So if you have a traditional financial advisor UM, they 0:16:04.000 --> 0:16:06.320 have most likely put you into something like a sixty 0:16:06.400 --> 0:16:13.120 forty portfolio or it's six stocks, bonds, pensions, institutions, things 0:16:13.160 --> 0:16:16.360 like that. That's they put all their money into bonds 0:16:16.440 --> 0:16:19.680 or their money into bonds, and they steal your money 0:16:19.720 --> 0:16:23.640 through bonds as well. So they're they're they're trapping you 0:16:23.680 --> 0:16:27.240 in the system, and then through inflation and through negative rates, 0:16:27.320 --> 0:16:28.960 they are stealing your wealth. This is the paper I 0:16:28.960 --> 0:16:30.720 read directly from the i m F the Central Bank 0:16:30.720 --> 0:16:33.120 about the central bank. This is what they're doing and 0:16:33.160 --> 0:16:36.600 what they're and they're telling you, hey, hey, hey, hey, 0:16:36.840 --> 0:16:40.800 never mind that, just go eat to fur key. Literally, 0:16:40.960 --> 0:16:44.680 the World Economic Forum UH and the IMF are starting 0:16:44.720 --> 0:16:50.040 to circulate papers telling you that bugs are actually really nutritious. 0:16:50.360 --> 0:16:53.920 Did you know how nutritious bugs are? Did you know 0:16:54.000 --> 0:16:57.440 that bugs? Some bugs are actually high end protein? Did 0:16:57.480 --> 0:17:00.160 you know that bugs could be crunchy and delay? Just 0:17:01.440 --> 0:17:05.600 mean they're literally telling you this. Why why? Because they 0:17:05.720 --> 0:17:09.360 understand they're stealing so much wealth from you that you're 0:17:09.359 --> 0:17:11.399 going to have no choice but to eat the tofur 0:17:11.520 --> 0:17:14.320 key or to eat the bugs in the future. But 0:17:14.400 --> 0:17:17.080 not me. I'm not gonna eat the bugs. I'm gonna 0:17:17.119 --> 0:17:19.840 eat steak. And the reason I'm gonna eat steak is 0:17:19.840 --> 0:17:22.800 because I won't stay trapped in their system. I won't 0:17:22.880 --> 0:17:25.840 be subject to their financial repression. I will put my 0:17:25.960 --> 0:17:29.440 money into a system that doesn't steal from me. And 0:17:29.560 --> 0:17:34.160 that's what bitcoin is doing. That's why Hillary Clinton, that's why, 0:17:34.280 --> 0:17:38.920 um Christine Legarde, that's why Janet Yelling is telling you 0:17:39.320 --> 0:17:43.760 that it undermines the financial system. No no, no, no, no. 0:17:43.840 --> 0:17:48.760 What it does. It undermines their capital controls. It undermines 0:17:48.840 --> 0:17:52.000 their ability to keep you locked in this system so 0:17:52.040 --> 0:17:54.960 they can continue to steal from you. That's what it does. 0:17:55.680 --> 0:17:59.720 If it wasn't a better system, people wouldn't be switching 0:17:59.800 --> 0:18:02.200 over to it. In a free market with free choice, 0:18:02.720 --> 0:18:05.800 they don't want a free market. They don't want free choice, 0:18:05.920 --> 0:18:08.520 so they want to take that choice away from you. 0:18:08.560 --> 0:18:12.800 In their own words, the captive audience for government debt. 0:18:14.640 --> 0:18:16.680 I know that's heavy. Now I'm gonna come back. I 0:18:16.720 --> 0:18:19.640 want to tell you where this is going. In rapid orders. 0:18:19.680 --> 0:18:22.119 You can protect yourself, so don't go away, all right, 0:18:22.160 --> 0:18:24.240 Welcome back. You are listening to the Mark Moa Show, 0:18:24.280 --> 0:18:27.119 and we're talking about bitcoin. We're talking about cryptocurrencies, and 0:18:27.119 --> 0:18:32.160 we're talking about the decentralized revolution and specifically what we're 0:18:32.200 --> 0:18:34.520 talking about. If you're with me before the break, we 0:18:34.600 --> 0:18:39.879 are talking about why why why Bitcoin? Why should you 0:18:40.000 --> 0:18:43.840 even care. Why do you even care? Why should anybody care? 0:18:43.880 --> 0:18:48.240 Why do we need an alternative system at all? And so, well, 0:18:48.640 --> 0:18:51.240 there's a million reasons why. And I'll cover each one 0:18:51.240 --> 0:18:53.840 of them each and every week. Uh. And one of 0:18:53.840 --> 0:18:56.199 those or multiple of these wise are going to hit 0:18:56.280 --> 0:18:58.800 you really hard and you're gonna grasp it. But for 0:18:58.840 --> 0:19:01.560 each person it probably means something different. So uh, there's 0:19:01.560 --> 0:19:03.680 a million Wise, I'm gonna cover each one one by one, 0:19:03.720 --> 0:19:06.760 So I guess that's a million weeks will be together. 0:19:06.800 --> 0:19:09.399 So pull out your phone, put a reminder for this 0:19:09.480 --> 0:19:11.800 channel this time, and make sure you're with me each 0:19:11.800 --> 0:19:15.399 and every week. Um, if you really understand what's going on, 0:19:15.440 --> 0:19:18.320 if you really understand why, do you really understand why 0:19:18.359 --> 0:19:22.160 this is going to be so big, so massive, why 0:19:22.200 --> 0:19:24.159 this has the power to change your lives, then you 0:19:24.200 --> 0:19:27.680 have to understand this all right. I know in today's 0:19:28.160 --> 0:19:31.040 um instant gratification world, you're like, Mark, just shut up 0:19:31.040 --> 0:19:34.840 and tell me what dog coin to go by. Well, sorry, 0:19:35.200 --> 0:19:36.720 it's not what we're doing here. I'm not giving you 0:19:36.800 --> 0:19:39.479 financial advice. What I'm giving you is I'm giving the 0:19:39.520 --> 0:19:43.920 reason why this is going to be the biggest opportunity 0:19:44.000 --> 0:19:47.280 you've ever seen in your life. And unfortunately, I know 0:19:47.320 --> 0:19:49.639 everybody wants to become a millionaire in a week. The 0:19:49.680 --> 0:19:52.560 reality is it doesn't happen quite that fast, but you can. 0:19:53.119 --> 0:19:54.879 You might just have to wait a few years. What 0:19:55.000 --> 0:19:57.040 happens is people get so hung up on the short 0:19:57.160 --> 0:20:01.040 term price. Oh man, the crypto market drop fift I 0:20:01.080 --> 0:20:04.119 should sell right now. It's going to crash right like 0:20:04.760 --> 0:20:08.720 zoom out. Um. This is gonna take five or ten years, 0:20:09.160 --> 0:20:13.080 and you can become amazingly rich if you can stay 0:20:13.200 --> 0:20:16.679 in the market, if you don't get shaken out. And 0:20:16.720 --> 0:20:18.680 the only way that you don't get shaken out is 0:20:18.720 --> 0:20:22.359 to understand why. You have to understand why what is 0:20:22.400 --> 0:20:25.280 going on here now? UM, So we're talking about that. UM. 0:20:25.880 --> 0:20:27.480 There was a there was something that came out this 0:20:27.560 --> 0:20:32.159 week and UM one of the biggest financial magazines and 0:20:32.440 --> 0:20:36.320 the Economist, and the Economist ran a headline and it said, 0:20:36.800 --> 0:20:38.440 I'm gonna read it to you directly. Here. It says, 0:20:38.520 --> 0:20:42.200 the sharp increase in inflation over the past year has 0:20:42.280 --> 0:20:48.680 blindsided many economists. Almost no one saw it coming. I'll 0:20:48.680 --> 0:20:52.960 pause for dramatic effect. There. They said, the sharp increason 0:20:53.040 --> 0:20:57.920 inflation has blindsided many economists. And no one saw it coming, really, 0:20:58.240 --> 0:21:00.560 because for the last several years, I've been videos on 0:21:00.560 --> 0:21:03.760 my YouTube channel telling people it's coming, warning people it's coming. 0:21:04.000 --> 0:21:07.720 I don't know who is possibly blindsided by this, um, 0:21:07.760 --> 0:21:10.600 because we all saw it coming. When you print trillions 0:21:10.600 --> 0:21:14.720 of dollars. This is what happens, all right. I explained 0:21:14.760 --> 0:21:16.760 how that works before we went to the break, so 0:21:16.760 --> 0:21:18.760 I'm not gonna go through that again. But to give 0:21:18.840 --> 0:21:24.280 you a little bit of perspective, Um, it's the money, stupid, 0:21:25.280 --> 0:21:28.280 It's the money that costs this. Milton Friedman says that 0:21:28.400 --> 0:21:32.320 inflation is always in everywhere a monetary phenomenon. It's always 0:21:32.320 --> 0:21:35.480 about the money. And so I know that inflation means 0:21:35.520 --> 0:21:37.400 different things to different people, and I know they try 0:21:37.440 --> 0:21:39.719 to make it super confusing so you don't understand it. 0:21:40.200 --> 0:21:44.080 Um and it and it can be different. So for example, 0:21:44.560 --> 0:21:47.119 music got cheaper, right, I used have to pay fifteen 0:21:47.119 --> 0:21:49.240 bucks for a CD. Now for nine nine cents I 0:21:49.280 --> 0:21:51.240 can buy it, or I can get it for free 0:21:51.280 --> 0:21:54.160 on my streaming service. Right, Um so music got cheaper. 0:21:54.440 --> 0:21:58.439 A few things got cheaper. My seventy inch TV got cheaper. 0:21:58.520 --> 0:22:01.919 A few things did, but for the most part. Everything 0:22:02.000 --> 0:22:04.960 else got got more expensive, and so inflation is different 0:22:05.000 --> 0:22:07.200 to each of us depending on what we're buying. Um, 0:22:07.240 --> 0:22:10.120 if you wanted to buy a home on Lake Travis 0:22:10.119 --> 0:22:12.920 on Austin, UM, those prices went up a hundred and 0:22:12.960 --> 0:22:16.080 twenty last year. But if you want to buy a 0:22:16.119 --> 0:22:19.159 home in Kansas City in the suburbs, prices went up 0:22:19.200 --> 0:22:22.480 about fifteen percent. So inflation is different to different people. 0:22:22.520 --> 0:22:24.760 If you live in your parents basement and you watch 0:22:24.840 --> 0:22:27.840 Netflix and each Cheetahs every day, inflation probably doesn't bother you. 0:22:28.080 --> 0:22:29.439 If you're trying to buy a house or send your 0:22:29.520 --> 0:22:32.000