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Speaker 1: Hello, and welcome to another episode of the Mark Mass Show,

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Speaker 1: where we talk about, of course, the decentralized revolution. We're

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Speaker 1: talking about the way the world is changing from centralization

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Speaker 1: to decentralization, from a one global superpower to many, from

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Speaker 1: a global homogeny to bipolar or multipolar. And of course

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Speaker 1: we look at this through the lens of politics, finance,

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Speaker 1: and technology to get context. But of course below all

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Speaker 1: of that sits the money. Money is the source of

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Speaker 1: all the power, and so if you can centralize control

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Speaker 1: over the money, then you can centralize the control over

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Speaker 1: everything else. Now that's why we have heard many, many

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Speaker 1: times from the most powerful people in the world, like

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Speaker 1: the Rothschild family, like Mayor Rothschild famous he said, give

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Speaker 1: me control over the money, and I care not who

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Speaker 1: makes the nation's laws. We heard Henry Kissinger's famous words

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Speaker 1: where he says, control the food, you control the people,

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Speaker 1: control the energy, control the continent, control the money, you

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Speaker 1: control the world. And so of course the battle is

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Speaker 1: always over money. You know, I've been talking about bitcoin

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Speaker 1: and cryptocurrencies for whatever seven eight years now, and if

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Speaker 1: I had a dollar for every time somebody told me,

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Speaker 1: but they will never let something like bitcoin succeed because

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Speaker 1: they will never give up control over money. Well, who

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Speaker 1: are they? Who are they that won't let bitcoin succeed

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Speaker 1: because they don't want to give up control over money?

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Speaker 1: Is it the US dollar doesn't want to give up

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Speaker 1: control to the Chinese yuan, or to the ECB's euro,

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Speaker 1: or the Bank of Russia's remubal or which one doesn't

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Speaker 1: want to give up control over money? Because there is

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Speaker 1: a battle over money that you need to understand. Now,

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Speaker 1: when you go back and you look through history, you'll

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Speaker 1: understand that, yes, the dollar has or the dollar is

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Speaker 1: the reserve currency of the world today. Hasn't always been

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Speaker 1: fiat currencies. Reserve currencies typically last about eighty tow one

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Speaker 1: hundred years. Before the dollar, it was the British pounds sterling.

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Speaker 1: Now it's important to understand that when the dollar took

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Speaker 1: over the role of the reserve currency of the world

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Speaker 1: from the pound sterling, it was about a thirty or

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Speaker 1: forty year process. Now, eventually there was a ruling from

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Speaker 1: on high where the world got together in Bretonwoods in

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Speaker 1: nineteen forty four said officially, now the dollar is the

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Speaker 1: reserve currency. But it started happening thirty to forty years before,

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Speaker 1: when when the UK started weakening its currency by taking

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Speaker 1: on way too much debt, getting itself into wars, weakening

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Speaker 1: its manufacturing base, and all of those other things, and

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Speaker 1: so the dollar took over. However, it's important to note

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Speaker 1: that while the dollar did take over from the pound

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Speaker 1: sterling one hundred years ago, the pound sterling is still

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Speaker 1: there today, still being used today. As a matter of fact,

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Speaker 1: it's still one of the top three currencies used in

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Speaker 1: the world today. So even though it lost its position,

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Speaker 1: it's still there. It's worth noting that as we go

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Speaker 1: through this, a lot of times people say, like, when

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Speaker 1: will the dollar collapse? When will the dollar stop being

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Speaker 1: the reserve currency of the world. And I want to say,

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Speaker 1: what is your definition of that? You want to know

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Speaker 1: when will the dollar collapse? What's your definition of collapsing?

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Speaker 1: Because the dollars already down seventy seven percent to bitcoin

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Speaker 1: this year, it's already down sixty five percent to the

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Speaker 1: S and P five hundred in the last five years.

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Speaker 1: It's down fifty eight percent to real estate in the

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Speaker 1: last five years. It's down. It's I mean, that's a

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Speaker 1: crash to me, my dollars by half as much house

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Speaker 1: half as much S and P five hundred, half as

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Speaker 1: much gold, half as much gasoline as they did just

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Speaker 1: a few years ago. That's a crash. So what's your

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Speaker 1: definition of a crash? And so I would ask that

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Speaker 1: because it's already happening. But back to the kind of

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Speaker 1: point at hand. And so there's this battle over money,

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Speaker 1: and so everybody wants to know what is next, what's

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Speaker 1: the next reserve currency? Well, if you listen to me

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Speaker 1: on a regular basis, you know that I'm talking about

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Speaker 1: the decentralized revolution going on from a world of centralization

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Speaker 1: to decentralization. So I don't believe there is another next

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Speaker 1: reserve currency, fiat reserve currency that the world agrees to

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Speaker 1: on high that it's next. Well, when I don't say ever,

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Speaker 1: I mean ever's a long time, not in the near future,

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Speaker 1: not in the next several decades anyway. So I don't

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Speaker 1: believe there is a next to replace the dollar. But

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Speaker 1: we know that there's a battle. We know that they're

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Speaker 1: fighting over who's coming next. And of course you've seen

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Speaker 1: people all over media talking about this. Even Tucker Carlson

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Speaker 1: was talking about this on Fox News before he got

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Speaker 1: kicked off, and he was talking about the rise of

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Speaker 1: the bricks nation. So we have the bricks Brazil, Russia, India, China,

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Speaker 1: South Africa and the rise of the bricks. And we've

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Speaker 1: seen many many reports. There's headlines that say, like here's

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Speaker 1: one on markets Insiders saying that Russia and China are

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Speaker 1: brewing up a challenge to dollar dominance by creating a

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Speaker 1: new reserve currency. So we see that. So they're trying

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Speaker 1: to create a ch ballenge to the dollar. They want

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Speaker 1: to have a new reserve currency, the Chinese yuan, Will

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Speaker 1: it be the Russian ruble? Will they work together to

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Speaker 1: create a new one, right, So they're jockeying for this.

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Speaker 1: Now we know that the all the central banks of

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Speaker 1: the world, so the US Central Bank, the FED, the BOE,

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Speaker 1: the BOJ, the PBOC, et cetera. They are all underneath

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Speaker 1: the IMF International Monetary Fund, which is like the central

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Speaker 1: bank above central banks. And the IMF creates what's called

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Speaker 1: an SDR Special Drawing Rights And in this SDR basket,

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Speaker 1: it's a basket of currencies and based off of each

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Speaker 1: country and their economic output and the amount of currency

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Speaker 1: they have, et cetera, they get a waiting or a

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Speaker 1: percentage in this basket. And we saw last year that

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Speaker 1: the IMF lifted the yuan's waiting and it went from

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Speaker 1: you know, ten point nine percent to twelve point two percent,

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Speaker 1: so not massive. It hasn't overtaken the dollar. But again,

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Speaker 1: we always want to look at the trend, and the

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Speaker 1: trend is that it's growing. It's growing. It's growing. Now

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Speaker 1: that prompted Chinese central banks to pledge to open its

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Speaker 1: financial markets. Now why is that important? Well, I'm going

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Speaker 1: to come back to this later. Why people say that

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Speaker 1: the dollar can't be dethroned because of many things. I'm

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Speaker 1: gonna list those off, one of those being open financial markets.

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Speaker 1: But here the Chinese saying, Okay, we're gonna do it.

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Speaker 1: We're going to open our Chinese our financial markets, which

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Speaker 1: we'll see if that happens. But I think it's important

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Speaker 1: to understand that as we see China rising to no

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Speaker 1: pun in rising, as China has been rising to kind

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Speaker 1: of challenge the world and become this economic powerhouse of

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Speaker 1: manufacturing and so forth, we see the rise of the bricks,

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Speaker 1: we know that things are weakening and we're going from

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Speaker 1: this unipolar world. After World War Two, the United States

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Speaker 1: emerged as the economic leader in the world. The United

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Speaker 1: States was you know, it's it saved itself. It wasn't involved.

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Speaker 1: I mean, obviously it was involved in World War One

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Speaker 1: and World War Two, but that was fought over in Europe.

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Speaker 1: So Europe, all the countries in Europe were completely ravaged, right,

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Speaker 1: Germany and France and you they were all bombed, right.

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Speaker 1: Their manufacturing ability was shut down. They spent all their

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Speaker 1: money fighting these wars. But the US profited from this.

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Speaker 1: Now I've covered this in many other videos and shows

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Speaker 1: on this channel, talking about how the United States, particularly

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Speaker 1: the banks like JP Morgan, profited from the war by

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Speaker 1: playing both sides of it. So the United States came

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Speaker 1: out ahead. It fought the war over on other shores.

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Speaker 1: And unfortunately, lots of Americans died during those wars. So

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Speaker 1: I don't take that lightly. My grandfather fought in World

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Speaker 1: War Two. Luckily he didn't give up his life during

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Speaker 1: that war. But I don't take that lightly. But the bankers,

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Speaker 1: they came out ahead, and the United States government came

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Speaker 1: out ahead because America emerged unscathed. And not only did

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Speaker 1: emerge unscathed, they managed to accumulate two thirds of all

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Speaker 1: the gold in the world at that time, and the

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Speaker 1: United States was the manufacturing powerhouse of the world. The

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Speaker 1: United States was the leader in global manufacturing and global trade,

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Speaker 1: and so because of that, it was able to take

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Speaker 1: that position and lead the position of the world. But

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Speaker 1: the problem is is that while the US did have

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Speaker 1: that dominant position after World War Two, throughout the year since,

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Speaker 1: that's changed and we've gone from a unipolar world to

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Speaker 1: a multipolar world, to a bipolar world, and now to

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Speaker 1: a multipolar world. As a matter of fact, if you

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Speaker 1: look at the United States, just in two thousand alone,

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Speaker 1: the United States did trade with the majority of the

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Speaker 1: world except for some African countries and some Asian countries,

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Speaker 1: mostly China. But now fast forward into twenty twenty, you'll

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Speaker 1: see that China is now doing trade with all the

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Speaker 1: countries in the world except for the North American continent,

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Speaker 1: which is Mexico, US, and Canada, as well as a

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Speaker 1: little bit of Europe. And so that has greatly flip flop.

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Speaker 1: And I'm gonna explain to you why that's important, But

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Speaker 1: i also want to tell you about the technological change

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Speaker 1: that's happening that China and the Bank of internwer So

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Speaker 1: Settlements is going to use to finally dethrown the dollar.

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Speaker 1: If you're just tuning in, you're listening to the Mark

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Speaker 1: Mas Show. Of course, we're talking about the decentralized revolution,

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Speaker 1: talking about the way the world changes through the lens

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Speaker 1: of politics, finance, and technology. So you want to talk

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Speaker 1: about why all the reasons why the dollar can't be

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Speaker 1: dethroned have just been changed, and what's coming next. You

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Speaker 1: don't want to miss this. I'm gonna take a quick break.

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Speaker 1: I'll be right back. Don't go away, I'll be right back.

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Speaker 1: All right, Welcome back. If you're just tune in, you

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Speaker 1: were listening to the Mark Mas Show. We're talking, of course,

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Speaker 1: about the decentralized revolution, like always, but today we're talking

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Speaker 1: about how the money's becoming decentralized, how the dollar has

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Speaker 1: been the global reserve currency of the world, and how

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Speaker 1: that's changing, going from a unipolar to a bipolar to

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Speaker 1: a multipolar world. Now, there's lots of reasons why this

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Speaker 1: can't happen, but I think most of those have been resolved.

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Speaker 1: I'm going to talk about that. But really, like I

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Speaker 1: was saying, the United States emerged after World War Two

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Speaker 1: as this economic power, having the dollar being the strongest

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Speaker 1: currency because it was backed by two thirds of the

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Speaker 1: gold in the world. It was also backed by the

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Speaker 1: largest manufacturer and exporter of goods in the world. But

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Speaker 1: the problem is, the United States is no longer the

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Speaker 1: greatest manufacturer and exporter of goods. The United States is

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Speaker 1: probably no longer holding the majority of the gold in

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Speaker 1: the world. As a matter of fact, nobody really knows

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Speaker 1: how much gold the United States holds because they won't

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Speaker 1: ever do an audit, which is pretty interesting. You know,

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Speaker 1: you always have to ask yourself. You hear these rumors

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Speaker 1: running wild, lots of rumors like the US doesn't have

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Speaker 1: any gold. In my own opinion, if I had to guess,

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Speaker 1: which I guess, I'm guessing right now. I don't think

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Speaker 1: the United States has the gold they say they have.

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Speaker 1: And the reason why I would say that is because

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Speaker 1: they said they had the gold. Nineteen forty four, the

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Speaker 1: dollar was now pegged to gold thirty five dollars to

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Speaker 1: one ounce. I think it was eight thousand tons of gold.

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Speaker 1: And then they were forced to defend that. What do

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Speaker 1: I mean? They started printing way too many of the

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Speaker 1: paper claims, the paper gold certificates the dollars and give

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Speaker 1: them out to the world. So the deal was that

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Speaker 1: the dollar would always be convertible to gold at thirty

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Speaker 1: five dollars an ounce. Well, the United States government started

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Speaker 1: printing way too many dollars, and the rest of the

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Speaker 1: world saw this and said, wait a minute, wait a minute,

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Speaker 1: wait a minute, we see what you're doing. The game

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Speaker 1: is up here. We don't want these paper dollars. We

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Speaker 1: want our gold. And so the world was coming to

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Speaker 1: redeem the paper certificates to get the gold back, and

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Speaker 1: the United States was trying to defend that peg. Sound familiar,

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Speaker 1: you know FTX, Like we've seen this game before. They

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Speaker 1: were trying to defend that peg, and so they kept

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Speaker 1: giving the gold, giving the gold, give the goal, pretending

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Speaker 1: like it was no problem. Oh, sure, no problem, everything's fine.

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Speaker 1: Here's your gold, here's your goal. Yeah, no big deal,

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Speaker 1: here's your goal. Here's your gold, trying to pretend that

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Speaker 1: they had not done what they had done by printing

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Speaker 1: all these dollars, but the world knew it. Finally, France

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Speaker 1: sent over its warships to give us to get the gold, like, hey,

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Speaker 1: we're done, we want the gold. And at that point

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Speaker 1: the United States defaulted on its debt, and President Richard

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Speaker 1: Nixon said, nope, enough over close the gold window. You

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Speaker 1: could no longer get the gold out anymore. Now. So

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Speaker 1: why do I think the United States doesn't have as gold? Well,

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Speaker 1: because I know they were defending the PEG, trying to

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Speaker 1: pretend like nothing was wrong, and finally when France came

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Speaker 1: to get the gold, they couldn't deliver the gold. Now

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Speaker 1: they could have just said we have it and we

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Speaker 1: don't want to give it to you, or they maybe

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Speaker 1: don't really have it. We don't know the answer to that,

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Speaker 1: but my guess is two parts. One. I know they

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Speaker 1: were defending the PEG, so they gave up a lot

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Speaker 1: of gold. We don't know exactly how much. We don't

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Speaker 1: know if it got replaced. But what we also know

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Speaker 1: is that they will not audit it. And this is

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Speaker 1: where transparency comes in. If they didn't want these rumors

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Speaker 1: to run rampant, all they have to do is just

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Speaker 1: do an audit. Let some inspectors come in, put the

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Speaker 1: cameras on, whatever, show us the gold. If you got

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Speaker 1: the gold, show us the gold. But the fact that

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Speaker 1: they won't do that tells me that there's probably something

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Speaker 1: to hide, right if you can't be If you can't

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Speaker 1: be transparent, if you can't tell the truth, then it

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Speaker 1: kind of means you have something to hide. And so

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Speaker 1: because of those two circumstances, that's my guests. And again,

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Speaker 1: like I said, they could just shoot that down by

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Speaker 1: just saying that we have the gold. So anyway, that's

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Speaker 1: what happened. Now. The key piece to understand after this

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Speaker 1: is that you have to kind of understand I talk

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Speaker 1: about this many times and a lot of times people

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Speaker 1: to understand this. But we don't want money, right. Money

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Speaker 1: is a medium of exchange. Money allows us to exchange

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Speaker 1: our labor. We exert our labor, our ideas, our capital

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Speaker 1: to get money dollars in this case, And I know

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Speaker 1: there's some peers out there, like Mark, you don't understand

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Speaker 1: dollars aren't money. Gold is money, yeah, yeh yeah, Okay,

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Speaker 1: you get what I'm saying. So we exchange it for

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Speaker 1: money for dollars, but we don't want the dollars. I

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Speaker 1: can't eat dollars. Dollars don't you know, bring my family enjoyment.

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Speaker 1: What I want is I want that money to buy

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Speaker 1: me the things that I want, which is goods and services.

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Speaker 1: I want food, I want gas, for my car. I

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Speaker 1: want a car, I want a house, et cetera. And

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Speaker 1: so I want to exchange those for goods and services.

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Speaker 1: And the reason why that's important to understand is going

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Speaker 1: back to the United States becoming this emergent power because

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Speaker 1: they produced all the goods and they traded with the world.

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Speaker 1: So the US had all the gold and produced the

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Speaker 1: majority of the goods in the world, and that was

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Speaker 1: important because again, we don't want money, we want the goods.

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Speaker 1: So if I go to Chuck E Cheese and I

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Speaker 1: want to play a game at Chuck E Cheese, I

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Speaker 1: need the Chucky Cheese tokens. I don't want the Chuck

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Speaker 1: e Cheese tokens. What I want is I want to

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Speaker 1: play one of their games. So I will give them

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Speaker 1: my money in exchange for their tokens so that I

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Speaker 1: can spend those tokens at Chuck E Cheese playing those games.

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Speaker 1: Nobody else in the world is going to accept those

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Speaker 1: tokens because what are they going They don't want to

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Speaker 1: go play Chuck e Cheese games. It's not a good

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Speaker 1: medium exchange, and so it's important to understand that. So

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Speaker 1: people would take the dollars because they could give the

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Speaker 1: dollars back in exchange for goods. But today the US

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Speaker 1: doesn't make the goods anymore. Now China dominates the goods.

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Speaker 1: So a lot of dollar bowls will tell you, yeah,

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Speaker 1: no country will take other currency. They want the dollars

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Speaker 1: because everyone takes dollars. Why would another country take fill

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Speaker 1: in the blank with whatever you have currency, Russian rubles, turkers, lira,

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Speaker 1: you know, bolevars, whatever, Why would they accept that when

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Speaker 1: nobody would take them from them? Why would you accept

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Speaker 1: chuck E cheese tokens when nobody will accept those from

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Speaker 1: you except Chuki cheese. And so that's a good answer

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Speaker 1: except for what can they really do with dollars? Now?

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Speaker 1: Other people to accept dollars, but they can't really spend

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Speaker 1: those at the dollars at the US at the US

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Speaker 1: store because the US doesn't havenyhing they need. Now. China,

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Speaker 1: on the other hand, makes all the goods. So that's

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Speaker 1: like China is the big chuck E cheese. Now, so

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Speaker 1: if China gives me their tokens the Chinese you want,

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Speaker 1: I can go spend them in China, and China just

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Speaker 1: happens to make the goods that I need. Does that

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Speaker 1: make sense? It's important to understand this. And when you

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Speaker 1: see this, then you start to understand the holes in

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Speaker 1: these dollar bowls logic. So Luke Grahmin, one of my

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Speaker 1: favorite analysts, he said on Twitter, the flaw in most

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Speaker 1: was thinking is that, but the US dollar is still

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Speaker 1: eighty eight percent of global foreign currency trading, which it is.

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Speaker 1: But the reason why that's wrong is because ninety nine

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Speaker 1: point nine percent of the world doesn't care about FX trading.

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Speaker 1: What they care about is they care about goods that

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Speaker 1: they use in their everyday life. They care about food, gasoline, cars,

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Speaker 1: et cetera. And so when we look at this over time,

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Speaker 1: we can see just going back to twenty ten, if

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Speaker 1: you looked at the world as a pie chart, and

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Speaker 1: you looked at the amount of manufactured goods value being

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Speaker 1: added to the world in twenty ten, according to the

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Speaker 1: World Bank, the United States made up about twenty five percent,

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Speaker 1: and China made up about twenty five percent, The Euro

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Speaker 1: market made up twenty five percent, and then Japan made

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Speaker 1: up maybe thirty percent, and the rest was kind of

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Speaker 1: made up between like India, Asia, et cetera. So it

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Speaker 1: was pretty even twenty five twenty twenty five US twenty five,

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Speaker 1: China twenty five euro and then Japan with about thirty

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Speaker 1: and then it kind of spread out. But now fast

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Speaker 1: forward ten years to now well eleven to twenty twenty one,

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Speaker 1: and we'll see that now China has now moved from

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Speaker 1: twenty five percent of the pie to like fifty percent

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Speaker 1: of the pie. The United States has gone from like

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Speaker 1: twenty five percent of the pie down to like thirty

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Speaker 1: percent of the pie. And so what you see is

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Speaker 1: now again the China's Chuck E Cheese store has gotten

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Speaker 1: bigger and has most of the goods and service we want. Now,

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Speaker 1: the US still has value that goods that exports to

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Speaker 1: the world, But what are those? What are those? No?

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Speaker 1: We know, you know, if we look at automobiles, for example,

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Speaker 1: Japan is this automobile expert. I'm going to break down

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Speaker 1: exactly what the US is exporting and you'll start to

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Speaker 1: understand what I'm talking about. And then I want to

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Speaker 1: tell you, like I said, why Dollarbales think this can happen,

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Speaker 1: and how China and the BIS has just changed the game.

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Speaker 1: And hint, hint, hint it has to do with the

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Speaker 1: c b DC. You don't want to miss this. What

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Speaker 1: I'm going to unveil is brand new data. If you're

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Speaker 1: just tuning in, you're listening to the Mark mas Show

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Speaker 1: talking about the decentralized Revolution, and we're talking about how

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Speaker 1: the dollar, how the currency is being decentralized. The plans

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Speaker 1: are just unveiled and I'm gonna explain that to you

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Speaker 1: when I come back. I'm gonna take a quick break

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Speaker 1: and I'll be right back. So don't go away, all right,

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Speaker 1: Welcome back. If you just tune in, you're listening to

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Speaker 1: the Mark Maus Show. We're talking about, of course, the

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Speaker 1: decentralized revolution, how the money is being decentralized in how

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Speaker 1: the US dollar is getting decentralized away and hint, hint, hint,

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Speaker 1: it's China and the BIS and a CBDC that's taking over.

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Speaker 1: But I'm getting ahead of myself. So remember, nobody wants

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Speaker 1: the dollars. We want the goods and services. So the

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Speaker 1: US used to be the producer of goods and services,

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Speaker 1: and now China is becoming the goods and services. If

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Speaker 1: we look at cars, for example, automobile exports, we can

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Speaker 1: see Japan has been a massive exporter of cars. Obviously

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Speaker 1: you know Toyota, Lexus et cetera. Germany has been a

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Speaker 1: major exporter of cars, right, what do they have, right, Mercedes, BMW, Volvo,

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Speaker 1: et cetera. South Korea is a big export of cars.

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Speaker 1: And if we look at this chart from just twenty

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Speaker 1: ten to twenty twenty two, we'll see that Germany, Japan,

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Speaker 1: and so Germany and Japan have fallen off a cliff

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Speaker 1: right around twenty nineteen twenty twenty just completely plummeted. South

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Speaker 1: Korea has been trending down since about twenty twelve. The

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Speaker 1: United States has stayed about flat, but China, starting in

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Speaker 1: about twenty twenty, has taken off like a juggernaut. Now

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Speaker 1: a lot of cars like Tesla's, for example, are being

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Speaker 1: made in China, So that's no wonder why that is

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Speaker 1: exploding through the roof. But back to America. What does

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Speaker 1: America export? Right? We used to export lots of goods

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Speaker 1: and services. Well, let me break that down for you.

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Speaker 1: So in twenty twenty two, America's five biggest export products

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Speaker 1: were number one refined petroleum oils, number two crude oil,

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Speaker 1: number three petroleum gases. So the top three out of

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Speaker 1: the top five are energy products. Then we have cars,

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Speaker 1: and then we have electronic integrated circuits. Now, it's important

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Speaker 1: to understand that three of the five biggest products have

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Speaker 1: to have to do with energy. We find petroleum, oil,

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Speaker 1: petroleum gases. Now why is that important. Well, we're not

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Speaker 1: shipping computers or textiles or cars or clothes. We're not

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Speaker 1: shipping those types of things. We're literally sending energy. But

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Speaker 1: the problem is in the United States, energy is under attack.

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Speaker 1: The Biden administration has been actively shutting down oil projects,

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Speaker 1: drilling projects, and things like that, and so our main

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Speaker 1: export that we're trying to export is now being shut down.

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Speaker 1: So how's that going to work out? We're already falling

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Speaker 1: behind because China is exporting more goods. The US is

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Speaker 1: still exporting about twenty five percent of the world's goods,

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Speaker 1: but it's mostly an energy that we're trying to shut down,

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Speaker 1: So that's not good. And then on top of it,

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Speaker 1: we as I said, you know, Europe still has a

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Speaker 1: pretty decent sized sliver as of you know, twenty twenty one,

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Speaker 1: still sitting on about I don't know, twenty five, probably

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Speaker 1: about twenty percent or so. If I'm just looking to

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Speaker 1: pie chart here, about twenty percent of the world's exports,

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Speaker 1: which mostly come from Germany. Germany is the economic engine

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Speaker 1: of Europe down southern Europe. Sorry if you're from there,

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Speaker 1: we call this the pigs Portugal, Italy, Greece, Spain. They

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Speaker 1: don't really produce anything. They're just barely getting along because

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Speaker 1: Germany is the engine that's driving it. Ford German manufacturing, right,

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Speaker 1: German engineering, and so not only as I said, like

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Speaker 1: the car manufacturers, but all types of high tech equipment

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Speaker 1: that Germany can make. But the problem is is that

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Speaker 1: Germany has a massive problem on their hands, sort of

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Speaker 1: like the US, which has been cutting their own cutting

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Speaker 1: their nose off to spike their face, cutting off their

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Speaker 1: energy plies. Well, that's the same thing that happened in Europe.

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Speaker 1: Germany shut down all their nuclear reactors, so their energy

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Speaker 1: prices went to the roof. They became dependent on Russia

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Speaker 1: for natural gas that got cut off, and so now

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Speaker 1: prices in Germany spiked sky high. There's not enough energy,

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Speaker 1: and so I guess we can't manufacture goods anymore. And

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Speaker 1: so Germany has been what we say de industrializing. Industrializing

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Speaker 1: is when we went from a farm in farm and

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Speaker 1: farming cottage industry into actual factories, cities and factories and

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Speaker 1: now they're de industrializing because now those factories can't afford

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Speaker 1: to run anymore. They don't have the power. So what's happening, Well,

427
00:22:19,200 --> 00:22:24,040
Speaker 1: they can't produce the goods to export. We can see

428
00:22:24,040 --> 00:22:26,359
Speaker 1: headlines all over the place. Germany's leaders and top CEOs

429
00:22:26,359 --> 00:22:29,680
Speaker 1: have arrived in Beijing. They need China now more than ever. Yeah,

430
00:22:30,160 --> 00:22:32,280
Speaker 1: they need they need China to make their products for

431
00:22:32,320 --> 00:22:34,600
Speaker 1: them because they don't have the energy to do that.

432
00:22:35,080 --> 00:22:38,359
Speaker 1: We see one of Germany's largest corporations, B A s

433
00:22:38,560 --> 00:22:43,359
Speaker 1: F have now shut their factories down in Germany and

434
00:22:43,480 --> 00:22:48,360
Speaker 1: moved them to China. We can see, you know, through

435
00:22:48,400 --> 00:22:51,280
Speaker 1: all types of trade blocks are when we look at

436
00:22:51,280 --> 00:22:52,879
Speaker 1: the trade blocks, we can see that China is just

437
00:22:52,920 --> 00:22:56,399
Speaker 1: taking over more and more. Matthew Pines put out on Twitter.

438
00:22:56,600 --> 00:23:00,400
Speaker 1: By squeezing Germany out of global value chains, China would

439
00:23:00,400 --> 00:23:05,760
Speaker 1: secure a dominant strategic position the tripolar network of exports

440
00:23:05,800 --> 00:23:10,200
Speaker 1: on its way towards a unipolar Chinese dominance. So by

441
00:23:10,200 --> 00:23:13,360
Speaker 1: squeezing Germany out of its global value chains, China would

442
00:23:13,400 --> 00:23:18,720
Speaker 1: secure dominant position. So China doesn't have to squeeze Germany out.

443
00:23:19,080 --> 00:23:22,760
Speaker 1: Germany is squeezing itself out by shutting down its own

444
00:23:22,760 --> 00:23:25,000
Speaker 1: power plants, by refusing to get its own energy out

445
00:23:25,040 --> 00:23:26,920
Speaker 1: of the ground. Shutting down is nuclear, refusing to get

446
00:23:26,920 --> 00:23:29,480
Speaker 1: its own natural gas put itself dependent on Russia. Now

447
00:23:29,600 --> 00:23:33,920
Speaker 1: they can't even afford energy. They have squeezed themselves out

448
00:23:33,920 --> 00:23:39,920
Speaker 1: of the value chains. The enemy is within the United States, Germany, Europe.

449
00:23:39,960 --> 00:23:43,560
Speaker 1: It's their game to lose. The only way they lose

450
00:23:43,560 --> 00:23:46,480
Speaker 1: the game is by doing it to themselves by literally

451
00:23:46,800 --> 00:23:50,719
Speaker 1: shutting off their own energy, which makes no sense. So

452
00:23:51,240 --> 00:23:53,480
Speaker 1: here we are Germany squeezing itself out out of the

453
00:23:53,520 --> 00:23:59,000
Speaker 1: supply chains and going back to the Chuck E Cheese example. Remember,

454
00:23:59,520 --> 00:24:02,000
Speaker 1: I only want Chuck e Cheese tokens if I want

455
00:24:02,080 --> 00:24:05,000
Speaker 1: to play games from Chuck E Cheese. I only want

456
00:24:05,040 --> 00:24:07,280
Speaker 1: the dollar token or the Chinese token if I can

457
00:24:07,280 --> 00:24:10,960
Speaker 1: get goods from China or the US. But the only

458
00:24:11,000 --> 00:24:13,040
Speaker 1: thing that the US is selling is energy, and the

459
00:24:13,160 --> 00:24:16,800
Speaker 1: US is trying to shut its energy down just like

460
00:24:17,000 --> 00:24:20,960
Speaker 1: Germany did, so which tokens will be more valuable in

461
00:24:20,960 --> 00:24:23,120
Speaker 1: the future. If you want actual things, if you want

462
00:24:23,119 --> 00:24:26,800
Speaker 1: actual goods and services, whoild you rather have Chinese tokens

463
00:24:27,040 --> 00:24:30,320
Speaker 1: or US tokens? And you start to see what's going

464
00:24:30,400 --> 00:24:33,320
Speaker 1: on here. Now, you have to understand that I said,

465
00:24:33,359 --> 00:24:35,800
Speaker 1: there's a lot of people that say, but this will

466
00:24:35,840 --> 00:24:39,679
Speaker 1: never happen, Mark, you don't understand. You don't understand because

467
00:24:40,320 --> 00:24:43,439
Speaker 1: there can never be another currency to take over the

468
00:24:43,560 --> 00:24:48,560
Speaker 1: dollar because of many factors. For example, as I said before,

469
00:24:48,600 --> 00:24:51,320
Speaker 1: the dollar makes up the majority of trade. It's widely accepted,

470
00:24:51,400 --> 00:24:54,120
Speaker 1: other people will take it. Nobody wants chuck e cheese

471
00:24:54,160 --> 00:24:56,920
Speaker 1: tokens because nobody takes them. But the dollar is accepted everywhere.

472
00:24:57,119 --> 00:25:02,520
Speaker 1: That's true except for what if China? Why not just

473
00:25:02,640 --> 00:25:06,320
Speaker 1: us him in China? Now, there's four other reasons why

474
00:25:06,359 --> 00:25:08,720
Speaker 1: the dollar won't be unseated anytime soon. But I'm gonna

475
00:25:08,720 --> 00:25:11,600
Speaker 1: tell you why they've just been You served how it happened,

476
00:25:11,840 --> 00:25:15,360
Speaker 1: where China and the CBDC fits into all this and more.

477
00:25:15,400 --> 00:25:16,800
Speaker 1: If you just tune in, you're listening to the Mark

478
00:25:16,840 --> 00:25:20,160
Speaker 1: Ma Show. We're talking about the decentralized revolution breaking down,

479
00:25:20,280 --> 00:25:23,320
Speaker 1: how king dollar is losing its seat and not gradually,

480
00:25:23,600 --> 00:25:27,760
Speaker 1: but probably suddenly with one big technological shift that was

481
00:25:27,800 --> 00:25:30,080
Speaker 1: just released by the BIS and China. I'm going to

482
00:25:30,119 --> 00:25:32,200
Speaker 1: break that down, and yeah, we'll talk about how to

483
00:25:32,240 --> 00:25:34,320
Speaker 1: protect yourself back with that and more in a minute.

484
00:25:34,320 --> 00:25:37,840
Speaker 1: Don't away, I'll be right back. Hi, welcome back. If

485
00:25:37,880 --> 00:25:39,480
Speaker 1: you just tune in, you are listening to the Mark

486
00:25:39,560 --> 00:25:42,439
Speaker 1: Maas Show. We're talking about, of course always the decentralized revolution,

487
00:25:42,480 --> 00:25:45,080
Speaker 1: and we're talking about right now now the dollar is

488
00:25:45,119 --> 00:25:49,320
Speaker 1: becoming decentralized, or I should say, there's other solutions besides

489
00:25:49,359 --> 00:25:51,480
Speaker 1: the dollar. Let me say that. So, as I was

490
00:25:51,480 --> 00:25:53,280
Speaker 1: saying before the break, if you've missed any of this,

491
00:25:53,320 --> 00:25:54,960
Speaker 1: don't worry. I got your back. You can go check

492
00:25:54,960 --> 00:25:58,000
Speaker 1: it out on the podcast. Is a very very important episode.

493
00:25:58,040 --> 00:25:59,960
Speaker 1: You should be listening to this. Just search the Mark

494
00:26:00,160 --> 00:26:02,480
Speaker 1: Show in your favorite podcast player, or go to the

495
00:26:02,480 --> 00:26:04,960
Speaker 1: YouTube channel Market Disruptors and you can watch me and

496
00:26:05,000 --> 00:26:07,120
Speaker 1: listen to me at the same time. All the past

497
00:26:07,160 --> 00:26:09,399
Speaker 1: episodes are archived on next to go check it out. Okay,

498
00:26:09,440 --> 00:26:14,000
Speaker 1: So why will no other currency challenge king dollar? Well,

499
00:26:14,200 --> 00:26:17,280
Speaker 1: like I said, one, the dollar is widely accepted. Nobody

500
00:26:17,280 --> 00:26:19,160
Speaker 1: wants to take chuck e Cheese tokens for your goods

501
00:26:19,200 --> 00:26:21,520
Speaker 1: and services because nobody else would take those chuck e

502
00:26:21,560 --> 00:26:24,240
Speaker 1: Cheese tokens. But if you accept a dollar, almost anybody

503
00:26:24,240 --> 00:26:26,479
Speaker 1: in the world will take a dollar. Okay, that's number one.

504
00:26:26,560 --> 00:26:29,720
Speaker 1: But as I'm saying, over the last ten years, we've

505
00:26:29,720 --> 00:26:33,000
Speaker 1: seen China just completely blow past the United States as

506
00:26:33,320 --> 00:26:37,440
Speaker 1: leading goods and services. The US is only selling energy. Obviously,

507
00:26:37,720 --> 00:26:40,760
Speaker 1: the dollar is also being sold by the petro dollar

508
00:26:40,800 --> 00:26:43,080
Speaker 1: in Saudi Arabia. But now Saudi Arabia says they're gonna

509
00:26:43,080 --> 00:26:46,520
Speaker 1: start selling energy in other currencies. So why does anybody

510
00:26:46,520 --> 00:26:49,520
Speaker 1: want the dollar now? The other reason why is because

511
00:26:49,560 --> 00:26:52,720
Speaker 1: the dollar has open capital markets. That means I can

512
00:26:52,800 --> 00:26:56,120
Speaker 1: put money in, I can take money out, and China

513
00:26:56,200 --> 00:27:00,280
Speaker 1: doesn't have open capital markets, and so that's a big problem. However,

514
00:27:01,400 --> 00:27:03,359
Speaker 1: as we talked about earlier in the show, I talked

515
00:27:03,359 --> 00:27:07,720
Speaker 1: about how as the IMF increased the SDR basket for

516
00:27:07,760 --> 00:27:11,640
Speaker 1: the Chinese you want, China said that they would start

517
00:27:11,680 --> 00:27:14,359
Speaker 1: to open up through capital markets. Now I'll believe it

518
00:27:14,400 --> 00:27:17,000
Speaker 1: when I see it. We're certainly not there yet. But

519
00:27:17,080 --> 00:27:19,359
Speaker 1: that's number two why king dollar won't be replaced, But

520
00:27:19,440 --> 00:27:21,480
Speaker 1: here China is saying they're going to do that. Number

521
00:27:21,560 --> 00:27:25,479
Speaker 1: three is that you need to have a functioning bond market.

522
00:27:25,840 --> 00:27:28,440
Speaker 1: So the United States Treasury is the best asset in

523
00:27:28,480 --> 00:27:32,000
Speaker 1: the world to own. By anybody. You know, these by

524
00:27:32,080 --> 00:27:35,399
Speaker 1: these other central banks, conglomerates, etc. And so you need

525
00:27:35,440 --> 00:27:37,120
Speaker 1: to have this functioning bond mark has to be big enough,

526
00:27:37,160 --> 00:27:39,159
Speaker 1: has to have enough liquidity, et cetera. You also have

527
00:27:39,200 --> 00:27:41,119
Speaker 1: to have the swift system. So the swift system is

528
00:27:41,400 --> 00:27:43,440
Speaker 1: what allows the money to go anywhere in the world.

529
00:27:43,680 --> 00:27:46,200
Speaker 1: It's why the dollar is so accepted because the dollar

530
00:27:46,359 --> 00:27:49,560
Speaker 1: really above everything is actually a payment network, and so

531
00:27:49,600 --> 00:27:52,040
Speaker 1: it allows dollars to move anywhere in the world. I

532
00:27:52,040 --> 00:27:54,040
Speaker 1: can send a dollar to basically anywhere in the world

533
00:27:54,119 --> 00:27:57,080
Speaker 1: through the swift system. If you ever sent a bank wire,

534
00:27:57,160 --> 00:27:59,560
Speaker 1: then you know what a swift system is. And then finally,

535
00:27:59,640 --> 00:28:02,680
Speaker 1: the fifth reason is because of the correspondent banks that

536
00:28:02,880 --> 00:28:05,200
Speaker 1: work within the system to move the money around. So

537
00:28:05,320 --> 00:28:07,840
Speaker 1: you can't just unplug the dollar and plug in the ywan.

538
00:28:08,240 --> 00:28:13,120
Speaker 1: You don't have all those other things unless you could

539
00:28:13,280 --> 00:28:16,760
Speaker 1: just bypass all those other things. And that's exactly the

540
00:28:16,840 --> 00:28:20,280
Speaker 1: point that we're talking about. So when technology, when you

541
00:28:20,359 --> 00:28:23,720
Speaker 1: look at the world how we industrialized. Specifically, let's just

542
00:28:23,840 --> 00:28:25,919
Speaker 1: jump fast forward. I'm kind of runn out of time here.

543
00:28:26,280 --> 00:28:27,840
Speaker 1: If you fast forward, you look at the United States

544
00:28:27,880 --> 00:28:31,080
Speaker 1: and we had telephones and it took about eighty years

545
00:28:31,119 --> 00:28:33,320
Speaker 1: for the telephones to reach about eighty percent adoption because

546
00:28:33,320 --> 00:28:36,159
Speaker 1: you had to literally run wires across the whole country.

547
00:28:36,280 --> 00:28:37,920
Speaker 1: That took a long time, it took a lot of money.

548
00:28:38,520 --> 00:28:40,920
Speaker 1: But once we had the telephone lines ran, it was

549
00:28:41,040 --> 00:28:44,000
Speaker 1: much easier and faster to adopt the Internet. The Internet

550
00:28:44,200 --> 00:28:47,120
Speaker 1: worked across phone lines if you remember the old days

551
00:28:47,120 --> 00:28:50,320
Speaker 1: of the Internet. However, in other countries like Africa, for example,

552
00:28:50,400 --> 00:28:53,520
Speaker 1: they didn't have phone lines, so Africa didn't get the Internet,

553
00:28:53,800 --> 00:28:55,240
Speaker 1: so they were kind of left out of that. But

554
00:28:55,360 --> 00:28:58,080
Speaker 1: as soon as we got wireless internet, which is everything's

555
00:28:58,080 --> 00:29:00,880
Speaker 1: done wirelessly now. As soon as we got then Africa

556
00:29:01,080 --> 00:29:04,240
Speaker 1: leapfrog past the US. They didn't ever, they didn't ever

557
00:29:04,320 --> 00:29:07,080
Speaker 1: go to wired phones. They went straight to wire lists.

558
00:29:07,480 --> 00:29:09,760
Speaker 1: And that's exactly where we're at with the money supply.

559
00:29:09,920 --> 00:29:12,840
Speaker 1: So while no other country has the functioning bond market,

560
00:29:12,880 --> 00:29:15,560
Speaker 1: the swift system, the correspondent banks, et cetera, what if

561
00:29:15,600 --> 00:29:18,560
Speaker 1: they could just create a new system that doesn't need those,

562
00:29:19,240 --> 00:29:22,240
Speaker 1: And that's exactly what we have. So the Bank of

563
00:29:22,320 --> 00:29:25,920
Speaker 1: International Settlements, which is the central bank above all central banks,

564
00:29:26,800 --> 00:29:28,520
Speaker 1: they're the big dog. They're at the top of the

565
00:29:28,720 --> 00:29:30,880
Speaker 1: ORG chart. They're the ones that coordinate all the money

566
00:29:30,920 --> 00:29:35,640
Speaker 1: between the world, and the BIS and China have created

567
00:29:35,760 --> 00:29:40,360
Speaker 1: something new called the m bridge m Bridge and basically

568
00:29:40,400 --> 00:29:44,040
Speaker 1: what this is, it's a cross bridge to move money

569
00:29:44,200 --> 00:29:48,760
Speaker 1: between countries without the wires of what the US system has.

570
00:29:49,640 --> 00:29:52,840
Speaker 1: It allows just like Africa leapfrog pass wired, they went

571
00:29:52,840 --> 00:29:56,120
Speaker 1: straight to wireless, China is bypassing that old financial plumbing

572
00:29:56,440 --> 00:29:59,920
Speaker 1: and just moving to new financial plumbing. And this cross

573
00:30:00,440 --> 00:30:03,240
Speaker 1: central banking digital currency platform really serves four main purposes

574
00:30:03,280 --> 00:30:07,960
Speaker 1: that China really cares about. One, it blocks the ability

575
00:30:08,040 --> 00:30:11,160
Speaker 1: for US to impose sanctions, and it blocks the ability

576
00:30:11,200 --> 00:30:15,600
Speaker 1: for US to surveil all the financial transactions too. It

577
00:30:15,880 --> 00:30:20,640
Speaker 1: builds non USD rails with their key partners, so the

578
00:30:20,760 --> 00:30:23,400
Speaker 1: USD rails are how the money moves, so now they

579
00:30:23,440 --> 00:30:25,400
Speaker 1: don't have to use the US dollar system. They can

580
00:30:25,480 --> 00:30:27,920
Speaker 1: move it on their own with their key trading partners.

581
00:30:27,960 --> 00:30:34,280
Speaker 1: The rest of the bricks. It expands their offshore currency liquidity,

582
00:30:34,600 --> 00:30:37,040
Speaker 1: so now all these countries can just start using their

583
00:30:37,080 --> 00:30:39,560
Speaker 1: currency directly with them without having to go through the

584
00:30:39,720 --> 00:30:42,840
Speaker 1: US dollar rails, without being worried about sanctioned and things

585
00:30:42,920 --> 00:30:46,840
Speaker 1: like that. So it expands liquidy, and finally forth it

586
00:30:46,960 --> 00:30:52,440
Speaker 1: increases their influence over the geoeconomic sphere. So now China

587
00:30:52,480 --> 00:30:56,200
Speaker 1: can have more influence on all these emerging markets because

588
00:30:56,640 --> 00:30:59,760
Speaker 1: these emerging markets either one don't want to use the dollar,

589
00:30:59,880 --> 00:31:02,480
Speaker 1: or two they're not allowed they don't have permission to

590
00:31:02,560 --> 00:31:04,960
Speaker 1: use the dollar because of of course sanctions. And so

591
00:31:05,120 --> 00:31:09,400
Speaker 1: now China can now exert their influence in this sphere

592
00:31:09,600 --> 00:31:12,560
Speaker 1: because now people can just move directly to this currency.

593
00:31:13,320 --> 00:31:16,720
Speaker 1: Now you can find this information on the BIS website.

594
00:31:17,240 --> 00:31:20,280
Speaker 1: It's called imbridge. Just go under projects and you'll see mbridge.

595
00:31:20,600 --> 00:31:22,760
Speaker 1: But some text here says it's pretty important to read

596
00:31:23,120 --> 00:31:26,880
Speaker 1: the payment system underpinning cross border financial flows has not

597
00:31:27,160 --> 00:31:29,640
Speaker 1: kept pace with rapid growth. So what they're saying is

598
00:31:29,720 --> 00:31:32,040
Speaker 1: that the payment system underpinning cross bitter financial flows, which

599
00:31:32,080 --> 00:31:35,560
Speaker 1: is the US plumbing, the old wired phone system, the

600
00:31:35,640 --> 00:31:39,240
Speaker 1: correspondent banks, swift, etc. They're saying that's old and it

601
00:31:39,360 --> 00:31:42,240
Speaker 1: hasn't kept pace with rapid growth. They're saying a global

602
00:31:42,280 --> 00:31:45,600
Speaker 1: network of correspondent banks that facilitates international payments is hindered

603
00:31:45,960 --> 00:31:50,200
Speaker 1: by high costs, the low speed, and transparency and operational complexities.

604
00:31:50,440 --> 00:31:52,440
Speaker 1: So the thing that keeps the dollar in power. This

605
00:31:52,560 --> 00:31:55,440
Speaker 1: global network of correspondent banks is actually the problem that

606
00:31:55,440 --> 00:31:59,320
Speaker 1: they're trying to solve. You see, sort of like phone

607
00:31:59,360 --> 00:32:02,040
Speaker 1: lines where the barrier to speed and now we can

608
00:32:02,120 --> 00:32:04,960
Speaker 1: just send five G across the air. And so that

609
00:32:05,160 --> 00:32:08,440
Speaker 1: old network that's keeping the US indominant position is actually

610
00:32:08,800 --> 00:32:10,800
Speaker 1: the reason why they need to replace it. And so

611
00:32:10,960 --> 00:32:14,160
Speaker 1: now they can they can fix that, it says. Notably,

612
00:32:14,200 --> 00:32:18,880
Speaker 1: emerging markets and developing economies have a need affordable access

613
00:32:18,920 --> 00:32:22,160
Speaker 1: to the global financial system. So the US has kicked

614
00:32:22,160 --> 00:32:23,920
Speaker 1: a lot of these people out of the financial system.

615
00:32:24,160 --> 00:32:27,400
Speaker 1: They're not allowed to participate, they don't have permission, but

616
00:32:27,520 --> 00:32:30,080
Speaker 1: they need They need to be able to get into

617
00:32:30,080 --> 00:32:32,840
Speaker 1: a global financial system. How do they trade, how do

618
00:32:32,920 --> 00:32:34,680
Speaker 1: they buy and sell goods if they're not allowed in

619
00:32:34,760 --> 00:32:37,320
Speaker 1: which the US doesn't allow them, and so they need access,

620
00:32:37,600 --> 00:32:41,360
Speaker 1: and so they say that a multi CBDC arrangement will

621
00:32:41,480 --> 00:32:44,800
Speaker 1: connect all of them and it offers significant potential to

622
00:32:44,920 --> 00:32:49,360
Speaker 1: improve the current system. So by creating this new inmbridge

623
00:32:49,560 --> 00:32:54,400
Speaker 1: multiple CBDC system, they're able to connect together directly, which

624
00:32:54,400 --> 00:32:56,560
Speaker 1: will give them a big improvement, it says. The BIS

625
00:32:56,680 --> 00:33:00,440
Speaker 1: Innovation Hub Hong Kong the Hong Kong Moneatory Authority, which

626
00:33:00,520 --> 00:33:02,960
Speaker 1: is sort of the one of the capital financial capitals

627
00:33:03,000 --> 00:33:05,320
Speaker 1: of the world, the People's Bank of China of course PBOC,

628
00:33:05,680 --> 00:33:08,440
Speaker 1: and the Central Bank of United Arab Emirates UAE, which

629
00:33:08,480 --> 00:33:10,960
Speaker 1: is of course energy working together to build such a

630
00:33:11,040 --> 00:33:16,560
Speaker 1: multi CBDC platform known as m bridge. So basically they

631
00:33:16,640 --> 00:33:20,560
Speaker 1: have just created a new system to completely bypass the

632
00:33:20,840 --> 00:33:23,520
Speaker 1: entire system. Now it's important to understand that this is

633
00:33:23,640 --> 00:33:28,120
Speaker 1: not like one day maybe it could happen. It's here

634
00:33:28,400 --> 00:33:30,400
Speaker 1: like this is this is happening. As a matter of fact,

635
00:33:30,680 --> 00:33:33,440
Speaker 1: they launched it and have already run multiple tests and

636
00:33:33,480 --> 00:33:36,280
Speaker 1: they've already been I believe billions of dollars of trade

637
00:33:36,600 --> 00:33:41,480
Speaker 1: have already been settled through this platform. This is something

638
00:33:41,560 --> 00:33:44,440
Speaker 1: that we have to understand. It's here now. I do

639
00:33:44,560 --> 00:33:47,680
Speaker 1: want to let you know. It's a CBDC, yes, but

640
00:33:47,800 --> 00:33:50,520
Speaker 1: it's right now. It's for central banks, it's for commercial banks,

641
00:33:50,600 --> 00:33:54,800
Speaker 1: for state run banks. It's not yet designed for retail CBDCs,

642
00:33:55,280 --> 00:33:57,720
Speaker 1: meaning CBDCs that you and I would be using or

643
00:33:57,800 --> 00:34:00,800
Speaker 1: forced to use, I should say, but I say, yet,

644
00:34:01,920 --> 00:34:04,239
Speaker 1: first they got to get it going between themselves. Once

645
00:34:04,280 --> 00:34:06,600
Speaker 1: it's up and running, then they can make us use it.

646
00:34:06,920 --> 00:34:08,960
Speaker 1: So this is coming, it's coming fast. The US dollar

647
00:34:09,080 --> 00:34:11,480
Speaker 1: is going to lose dominance. But it is a process,

648
00:34:12,239 --> 00:34:15,000
Speaker 1: not an event. Well, this is an event. This happened

649
00:34:15,360 --> 00:34:19,279
Speaker 1: and it's coming and you need to know. Now, how

650
00:34:19,320 --> 00:34:21,560
Speaker 1: do you prepare? How do you protect yourself? Well, you

651
00:34:21,680 --> 00:34:24,719
Speaker 1: need to become less reliant on the government. You need

652
00:34:24,800 --> 00:34:28,000
Speaker 1: to become sovereign. The less dependent you can be, the

653
00:34:28,120 --> 00:34:31,720
Speaker 1: better you'll be. That means not depending on their financial system.

654
00:34:32,000 --> 00:34:34,600
Speaker 1: You can use bitcoin, not dependent on their food system.

655
00:34:34,719 --> 00:34:36,920
Speaker 1: You can raise your own food or meat farmers that

656
00:34:37,000 --> 00:34:40,120
Speaker 1: are you can not be dependent on their welfare. You

657
00:34:40,160 --> 00:34:43,960
Speaker 1: can build your own wealth. You can create wealth from

658
00:34:43,960 --> 00:34:46,720
Speaker 1: anywhere by using the internet and being like a digital nomad.

659
00:34:47,840 --> 00:34:50,560
Speaker 1: Become less dependent on the system. And that's how you'll survive.

660
00:34:51,239 --> 00:34:53,279
Speaker 1: All right Now, if you want more help, reach out

661
00:34:53,320 --> 00:34:55,160
Speaker 1: to me. Hit me up on social media at one

662
00:34:55,440 --> 00:34:58,680
Speaker 1: Mark Moss and I'd love to give you more information.

663
00:34:58,719 --> 00:35:01,399
Speaker 1: I'm putting on information dat on on my social media.

664
00:35:01,719 --> 00:35:04,239
Speaker 1: Hit me up there and that's what I got. Thanks

665
00:35:04,280 --> 00:35:06,800
Speaker 1: so much for listening. Until next time, it's see it