WEBVTT - AI is Learning to Lie 0:00:00.080 --> 0:00:02.400 Hello, and welcome back to another episode of The Mark 0:00:02.480 --> 0:00:05.320 Moss Show, where we talk about the decentralized Revolution. We 0:00:05.320 --> 0:00:07.560 talk about the way the world is changing right before 0:00:07.600 --> 0:00:10.520 our very eyes. And of course, unless you're living under 0:00:10.560 --> 0:00:12.600 a rock, you see this, You see it happening, and 0:00:12.600 --> 0:00:15.360 you see it coming, and it is here. And I 0:00:15.440 --> 0:00:17.280 like to look at through the lens of politics, finance, 0:00:17.320 --> 0:00:20.880 and technology because it brings context to things. What I 0:00:20.880 --> 0:00:25.040 want to talk about today is the money. The money 0:00:25.160 --> 0:00:28.360 is changing really fast, and it's changing for many reasons. 0:00:28.440 --> 0:00:33.040 One technology is changing money, but it's also changing politically, 0:00:33.080 --> 0:00:35.000 and not just politically like inside the United States or 0:00:35.000 --> 0:00:41.400 whatever country you're in, but geopolitically because money communicates or 0:00:41.800 --> 0:00:45.919 communicates value, but it coordinates economies. And as I talk 0:00:45.960 --> 0:00:49.360 about the decentralized revolution, we swing on a pendulum from 0:00:49.400 --> 0:00:52.480 centralization to decentralization. And so for the last two hundred 0:00:52.479 --> 0:00:55.680 and fifty years, the pendulum has been swinging to centralization 0:00:56.280 --> 0:00:59.400 and we're peaked out. This globalization has peaked out. As 0:00:59.400 --> 0:01:01.639 a matter of fact that the Globalist Agenda at their 0:01:01.640 --> 0:01:03.800 Median last week in Davos, one of the big topics 0:01:03.840 --> 0:01:06.800 they talked about is that globalization is over? How does 0:01:06.840 --> 0:01:10.039 the world work when globalization is over? More importantly, what 0:01:10.080 --> 0:01:12.600 they're saying is how can we save the world. How 0:01:12.680 --> 0:01:15.600 could we save the world from climate change? French President 0:01:15.920 --> 0:01:18.680 and Manu Macrone got up and said that we have 0:01:18.840 --> 0:01:21.760 to have a one world government. If we don't, how 0:01:21.800 --> 0:01:24.920 can we coordinate and fix climate change? And so, you know, 0:01:24.959 --> 0:01:27.240 that's their viewpoint. But if it's ending, and they know this, 0:01:27.280 --> 0:01:28.800 and they said, you know, how does this work in 0:01:28.880 --> 0:01:33.440 an age deglobalization? And so as the world globalizes, then 0:01:33.840 --> 0:01:35.959 the way that we trade changes and the way that 0:01:36.040 --> 0:01:38.760 we use money and the world changes. And so as 0:01:38.800 --> 0:01:41.600 the world has been trading freely, right, we have these 0:01:41.640 --> 0:01:44.920 just in time supply chains interlacing the world. You know, 0:01:44.959 --> 0:01:49.280 you haven't your average iPhone as parts from six different 0:01:49.480 --> 0:01:52.279 continents in it. But as the world continues to break apart, 0:01:52.320 --> 0:01:54.080 as we continue to have less and less trust with 0:01:54.120 --> 0:01:56.680 each other, how do we continue to trade? And more importantly, 0:01:56.720 --> 0:02:00.720 the dollar, the dollar is the reserve currency of the world, 0:02:00.800 --> 0:02:04.680 is the homogeney. Everybody in the world uses and accepts dollars, 0:02:04.680 --> 0:02:08.880 and the dollar has become a payment network. If anything else, well, 0:02:08.880 --> 0:02:10.640 the dollars lots of things. But if anything else, the 0:02:10.639 --> 0:02:13.160 dollar is a payment network. I can move dollars anywhere 0:02:13.200 --> 0:02:15.400 in the world. Anybody in the world takes those dollars. 0:02:15.600 --> 0:02:19.079 All the banks, all the remittance companies, they all use dollars. 0:02:20.160 --> 0:02:24.239 But that's changing because the world is decentralizing. And so 0:02:24.960 --> 0:02:26.480 to understand that, you kind of have to go back 0:02:26.480 --> 0:02:28.160 to what I call first principles. You got to go 0:02:28.200 --> 0:02:31.919 back to the beginning and ask yourself what is money? Now. 0:02:31.919 --> 0:02:34.639 My good friend Robert Breedlove has a podcast titled What 0:02:34.880 --> 0:02:37.320 Is Money because it's a big subject, and he digs 0:02:37.320 --> 0:02:40.040 into this subject each and every episode, and you can 0:02:40.040 --> 0:02:41.560 go on and on and on, and so, like I said, 0:02:41.600 --> 0:02:44.520 we can know what is money. Money communicates value. It 0:02:44.560 --> 0:02:46.720 tells to each other how much things are worth. We 0:02:46.760 --> 0:02:48.680 don't want the money, We want the good, but we 0:02:48.760 --> 0:02:51.480 need that money to get that good. It's the medium 0:02:51.560 --> 0:02:55.320 of exchange. So money is a medium exchange, and it's 0:02:55.320 --> 0:02:57.960 also a store of value. So again, we don't want money. 0:02:58.000 --> 0:03:00.680 We want the things that money buys us. But we'll 0:03:00.680 --> 0:03:05.000 hold money until we want those things that we want, right, 0:03:05.040 --> 0:03:08.080 and so we'll store our wealth, we'll store our value 0:03:08.120 --> 0:03:10.600 in the money until such a time as where to 0:03:10.600 --> 0:03:12.360 deploy that money, and then it's a medium of exchange 0:03:12.400 --> 0:03:15.000 to get what we want. So what you have to 0:03:15.080 --> 0:03:17.799 understand in order to understand where the world is going. 0:03:17.840 --> 0:03:19.799 I'm going to explain to what Russia is doing right now, 0:03:19.840 --> 0:03:23.200 what China's doing right now, how the dollar is losing value, 0:03:23.200 --> 0:03:25.000 and what comes next. But in order to understand that, 0:03:25.000 --> 0:03:28.120 you have to understand this basic fact of what is money, 0:03:28.160 --> 0:03:30.560 and so money is those things and what happens is 0:03:30.600 --> 0:03:35.000 money is emergent, it's it evolves, right, And so throughout 0:03:35.040 --> 0:03:37.320 history we've used all types of things as money, and 0:03:37.360 --> 0:03:39.200 even today we use all types of things as money 0:03:39.200 --> 0:03:42.000 because all it is is an exchange. And so we've 0:03:42.000 --> 0:03:45.080 had feathers and rocks and seashells, and of course gold 0:03:45.120 --> 0:03:47.320 emerged evolved as the best form of money because it 0:03:47.400 --> 0:03:50.600 had the best attributes, and the best attributes are must 0:03:50.600 --> 0:03:54.160 be portable. A house isn't a good meet of money 0:03:54.200 --> 0:03:56.720 because I can't move a house with me. It must 0:03:56.720 --> 0:04:00.880 be divisible. Cows were, you know, good for bartering, but 0:04:00.920 --> 0:04:02.400 if I don't want a whole cow, I can't really 0:04:02.400 --> 0:04:05.880 divide the cow up. It must be fungible, meaning if 0:04:05.920 --> 0:04:07.720 I even know I did chop up a cow, one 0:04:07.760 --> 0:04:09.360 part of the cow is not equal to the other 0:04:09.360 --> 0:04:11.000 part of the cow, right something one part of steak 0:04:11.040 --> 0:04:12.800 is better than another part of steak. It must be durable, 0:04:13.000 --> 0:04:15.040 but bananas make a horrible form of money because bananas 0:04:15.040 --> 0:04:18.720 don't last that long. Portable, divisible, durable, It also must 0:04:18.760 --> 0:04:23.000 be salable and recognizable, so people have to take it. 0:04:23.400 --> 0:04:25.800 If we have chucky cheese tokens, and let's let's just 0:04:25.800 --> 0:04:28.520 do chucky cheese tokens as money, but nobody takes chuck 0:04:28.520 --> 0:04:30.800 e cheese tokens, so it wouldn't work really well. And 0:04:30.839 --> 0:04:34.839 so those are the attributes that allowed gold to emerge, 0:04:34.839 --> 0:04:36.880 and also must be scarce. You can't just have an 0:04:36.920 --> 0:04:38.960 unlimited amount of them. You have to control there mus 0:04:39.040 --> 0:04:42.200 be scarcity, and so gold emerged as that best. But 0:04:42.279 --> 0:04:44.400 the problem is that gold failed, and it's important to 0:04:44.440 --> 0:04:46.280 understand this because the world is trying to go back 0:04:46.320 --> 0:04:48.520 to gold right now. But if you don't understand how 0:04:48.560 --> 0:04:51.279 gold failed, then you won't understand why going back to 0:04:51.279 --> 0:04:53.760 gold again and the world where in today isn't going 0:04:53.800 --> 0:04:55.800 to work again. So you have to understand that fact. 0:04:55.839 --> 0:05:00.440 And so gold failed because the world changed. So the 0:05:00.480 --> 0:05:04.080 world became more and more globalized, and so when I'm 0:05:04.120 --> 0:05:07.640 living a small village, gold worked really well. But as 0:05:07.680 --> 0:05:11.400 the world globalized, going into the thirteen and fourteen hundreds, 0:05:11.920 --> 0:05:15.719 fourteenth and fifteenth century, we started doing more global trade. 0:05:16.400 --> 0:05:20.240 And the problem is that gold isn't very portable, and 0:05:20.279 --> 0:05:22.960 so if one country wanted to pay another country in gold, 0:05:22.960 --> 0:05:25.040 how do they do that? They loaded onto a ship 0:05:25.080 --> 0:05:26.840 and sell it across the ocean and have to worry 0:05:26.880 --> 0:05:29.920 about pirates and storms and sunken ships and all these things. 0:05:30.360 --> 0:05:32.520 If you know, I wanted to pay somebody in gold 0:05:32.600 --> 0:05:35.960 from California to New York, it's very slow, and you 0:05:36.240 --> 0:05:38.880 have to get someone to drive it, security, all these things, 0:05:39.080 --> 0:05:41.760 and so it's not super portable. And so there was 0:05:41.800 --> 0:05:45.400 a new piece of technology that was created. And that 0:05:45.520 --> 0:05:48.719 new technology was created about the fourteen hundreds in Florence, Italy, 0:05:48.960 --> 0:05:51.320 and it was called wait for it, wait for it, 0:05:51.360 --> 0:05:54.320 wait for it. It was called a ledger. And the 0:05:54.480 --> 0:05:58.720 ledger would then allow somebody, a trusted third party whoever 0:05:58.720 --> 0:06:01.880 controlled that ledger, to keep track of who had the gold. 0:06:02.400 --> 0:06:05.360 And so instead of actually having the gold, because gold 0:06:05.440 --> 0:06:08.680 is very hard and heavy to move around. Somebody would 0:06:08.680 --> 0:06:11.960 just say Mark has the gold, and then they would 0:06:12.000 --> 0:06:13.400 give it to you and say you have the gold, 0:06:14.000 --> 0:06:16.040 and that ledger was created. This allowed money to move 0:06:16.080 --> 0:06:18.680 really fast by putting debt on it. So I would 0:06:18.680 --> 0:06:21.440 give my gold to this trusted third party. They would 0:06:21.480 --> 0:06:24.440 give me back a paper claim, and iou that would 0:06:24.480 --> 0:06:26.719 allow me whenever I wanted to go back and claim 0:06:26.800 --> 0:06:30.320 that gold, like a pawn shop or here I'm in Canada. 0:06:30.360 --> 0:06:32.960 I gave my jacket. We don't wear jackets really in California, 0:06:33.000 --> 0:06:34.960 but in here it's cold. I to wear a jacket, 0:06:34.960 --> 0:06:36.919 so I go to the restaurant and they take my 0:06:36.960 --> 0:06:38.800 coat from me and they give me a claim ticket. 0:06:39.440 --> 0:06:41.280 When I come back, I give my claim ticket to 0:06:41.320 --> 0:06:42.880 give my cote back. And so that's how it works. 0:06:42.920 --> 0:06:45.400 I'd give them my gold, they'd keep track of who 0:06:45.440 --> 0:06:47.240 had the gold. But the problem is is what that 0:06:47.279 --> 0:06:49.520 did is its centralized gold, and all the gold ended 0:06:49.560 --> 0:06:52.599 up going into these banks. And in the early nineteen 0:06:52.680 --> 0:06:55.080 hundreds in the United States, all the gold was sitting 0:06:55.080 --> 0:06:57.719 in the banks and wear these dollars or paper gold 0:06:57.720 --> 0:07:01.880 certificates or claims IOUs and what happened is the government 0:07:01.960 --> 0:07:05.800 started printing way more of these paper claims than they 0:07:05.839 --> 0:07:09.000 actually had gold. And by nineteen thirty three, the government 0:07:09.000 --> 0:07:11.040 owed so much gold, but they didn't have it because 0:07:11.040 --> 0:07:13.600 they printed all these fake claims. They told all these 0:07:13.600 --> 0:07:15.880 guys they had jackets when they didn't really have the jackets. 0:07:15.880 --> 0:07:17.280 They told those people they had gold when they didn't 0:07:17.280 --> 0:07:19.280 have the gold, and so they were in a bad situation. 0:07:19.320 --> 0:07:21.920 So nineteen thirty three, Executive Order sixty one h two, 0:07:22.160 --> 0:07:25.559 the President declared all gold illegal to be owned by people, 0:07:25.800 --> 0:07:27.080 and all the gold that was in the bank, they 0:07:27.080 --> 0:07:30.080 seized it, they confiscated it. Okay, that's why it failed 0:07:30.120 --> 0:07:34.120 because gold is not portable. And now, fast forwarding to today, 0:07:34.640 --> 0:07:37.600 money as we know it, or dollars or the financial 0:07:37.640 --> 0:07:41.120 system is now becoming a weapon. And as a matter 0:07:41.160 --> 0:07:43.920 of fact, it has always been a weapon. Governments have 0:07:44.040 --> 0:07:46.000 used money as a weapon for as long as as 0:07:46.000 --> 0:07:49.400 we know, whether that be using it too funded army 0:07:49.720 --> 0:07:53.400 to fight as a weapon or to steal arbitrarily from 0:07:53.440 --> 0:07:56.160 its people. And so the government can only tax people 0:07:56.200 --> 0:07:58.400 so much before people freak out. And so the way 0:07:58.400 --> 0:08:00.840 they tax you without you knowing it or without you 0:08:00.920 --> 0:08:04.200 objecting or getting mad is they do it through inflation, 0:08:04.400 --> 0:08:06.440 and as they print that money, they're basically stealing from you. 0:08:06.480 --> 0:08:08.400 So it's been a weapon against us as the people. 0:08:08.440 --> 0:08:12.320 Governments use it to steal wealth from the people Zimbabwe, Venezuela, Turkey, 0:08:12.400 --> 0:08:14.560 on and on and on. It's gotten worse than it 0:08:14.600 --> 0:08:16.400 has gotten bigger than that, and it's been used not 0:08:16.440 --> 0:08:18.760 just on its own people but to other nations. And 0:08:18.800 --> 0:08:21.920 so we can see where this really picked up steam 0:08:21.960 --> 0:08:26.000 in twenty fourteen when the United States and the intelligence 0:08:26.040 --> 0:08:30.680 community organized a coup in Ukraine and they overthrew the 0:08:30.920 --> 0:08:35.040 democratically elected governments of Ukraine to install their own government there. 0:08:35.080 --> 0:08:38.360 Of course, Russia didn't like that. They moved in to 0:08:38.440 --> 0:08:42.160 take over a part of Ukraine and so started the 0:08:42.200 --> 0:08:46.400 war in twenty fourteen, where then the United States weaponized 0:08:46.480 --> 0:08:50.560 the financial system and applied sanctions to Russia. So when 0:08:51.080 --> 0:08:55.040 the US powers do that, they weaponize it. All right, 0:08:55.040 --> 0:08:56.560 I'm gonna be back with more. If you're just tuning 0:08:56.600 --> 0:08:58.760 in you're listening to the Mark Moss Show, we're talking 0:08:58.760 --> 0:09:01.120 about the decentralized Revolution, and I'm talking about the way 0:09:01.280 --> 0:09:03.600 that Russia and China and the bricks, nations are changing, 0:09:03.640 --> 0:09:07.160 the money, the dollars dying, and what's coming next. And 0:09:07.200 --> 0:09:08.880 I'm explaining to you from the ground up, so you 0:09:08.920 --> 0:09:11.280 can see clearly I got a whole lot to cover. 0:09:11.320 --> 0:09:14.160 This is gonna be super fun, exciting and informative. So 0:09:14.200 --> 0:09:15.880 don't go away. I'll be right back with more in 0:09:15.920 --> 0:09:18.040 a minute. All right, welcome back. If you're just tune in, 0:09:18.080 --> 0:09:20.280 you're listening to the Mark Moss Show. We're talking about, 0:09:20.320 --> 0:09:23.560 of course, the decentralized Revolution, talking about the way that 0:09:23.600 --> 0:09:27.640 the world is decentralizing, the money is decentralizing, the dollar 0:09:28.120 --> 0:09:31.320 is losing its place in the world, and what comes next. 0:09:31.400 --> 0:09:33.199 And so in order to understand what comes next, you 0:09:33.280 --> 0:09:35.560 have to understand what's happened in the past and the 0:09:35.559 --> 0:09:38.199 problems that we had. And so I explained the problems 0:09:38.240 --> 0:09:41.160 with gold, the centralization aspect of it. But now I'm 0:09:41.160 --> 0:09:43.360 talking about how the money is being used as a weapon. 0:09:43.400 --> 0:09:47.480 And so we saw again the governments the United States 0:09:47.480 --> 0:09:50.560 started weaponizing the dollar and more specifically the dollar network, 0:09:50.600 --> 0:09:55.080 the Swift system, the FX systems against Russia in twenty fourteen, 0:09:55.840 --> 0:09:57.640 and they continue to do that. As a matter of fact, 0:09:57.640 --> 0:10:00.760 if the government started to censor anybody they don't like, Oh, 0:10:00.920 --> 0:10:03.040 censor you, censor you. Oh I don't like this policy, 0:10:03.080 --> 0:10:07.200 censor you, censor you. And it's it's a way to 0:10:07.360 --> 0:10:09.600 impose you know, these sanctions are a way to impose 0:10:09.640 --> 0:10:14.560 your will or basically steal arbitrarily from these governments. In 0:10:14.600 --> 0:10:17.480 twenty eighteen, there was an article written on CNBC by 0:10:17.960 --> 0:10:20.800 someone named Left and he said quote that the US 0:10:20.960 --> 0:10:26.920 was waging war on one tenth of the world. The 0:10:27.040 --> 0:10:30.760 US was waging war, and they're waging war economically. Now 0:10:30.800 --> 0:10:33.680 you may have heard these stats, but about over two 0:10:33.880 --> 0:10:37.400 billion adults in the world. Now there's about one eight 0:10:37.440 --> 0:10:41.320 billion people in the world, So two billion adults in 0:10:41.360 --> 0:10:45.120 the world have no access to banking. And the main 0:10:45.200 --> 0:10:48.320 reason why is because they're not allowed to They're not 0:10:48.360 --> 0:10:51.560 allowed to have access because the US dollar system is 0:10:51.559 --> 0:10:53.520 permission do you have to have permission in order to 0:10:53.640 --> 0:10:55.800 use it, and so these they're not allowed to use it. So, 0:10:55.840 --> 0:10:58.320 for example, let's say that you're in Iran, you're a 0:10:58.320 --> 0:11:01.600 fifteen year old kid, you're super pro freedom, you're not 0:11:01.600 --> 0:11:04.520 happy with your government, and you're trying to make a 0:11:04.520 --> 0:11:06.319 better life for yourself, and so you start an Instagram 0:11:06.360 --> 0:11:08.000 account and you want to you know, sell e commerce 0:11:08.080 --> 0:11:10.240 or something. Well, you're not allowed to join the financial 0:11:10.280 --> 0:11:14.440 system because your country is sanctioned. And so about one 0:11:14.480 --> 0:11:16.839 tenth of the world is sanctioned by by the United 0:11:16.840 --> 0:11:21.920 States or now today about one quarter one one out 0:11:21.920 --> 0:11:24.920 of every four people in the world today are under 0:11:25.040 --> 0:11:28.839 some form of US sanctions. I believe a week ago, 0:11:28.840 --> 0:11:30.520 a week or two ago, there was a big meeting 0:11:30.800 --> 0:11:35.079 held in Singapore and George Yao is the former Foreign 0:11:35.160 --> 0:11:38.240 Minister of Singapore. At the conference, he said, quote, if 0:11:38.280 --> 0:11:43.400 you weaponize the international financial system, alternatives will grow to 0:11:43.559 --> 0:11:48.560 replace it. End quote. So if you weaponize the international 0:11:48.600 --> 0:11:51.000 finance system, alternators will go to replace it. Yes. Of course, 0:11:51.200 --> 0:11:54.240 if you kick people out of the financial system, then 0:11:54.320 --> 0:11:57.599 they can't use the dollar financial system. So what do 0:11:57.640 --> 0:11:59.080 they do Just go in a hole and die? Of 0:11:59.080 --> 0:12:02.480 course not. They just find another way to do financial transactions. 0:12:02.480 --> 0:12:04.520 They just find another way. If I'm having a party 0:12:04.960 --> 0:12:06.440 and I don't like some people at the party, I 0:12:06.520 --> 0:12:07.960 kick you out. I kick you out. I kick you 0:12:08.000 --> 0:12:09.520 out to kick you out, and you guys all go 0:12:09.600 --> 0:12:13.040 form your own party. You all go somewhere else. One 0:12:13.080 --> 0:12:15.880 I have no more control over you. And two, you 0:12:15.920 --> 0:12:17.920 don't just go die, you go go somewhere else, you 0:12:17.960 --> 0:12:20.199 go create your own party. And that's exactly what happened. 0:12:20.880 --> 0:12:23.800 But really the world changed about a year ago February 0:12:23.840 --> 0:12:26.600 twenty twenty two, and the whole world was put on notice. 0:12:26.600 --> 0:12:28.880 And of course I've been talking about this since then, 0:12:29.160 --> 0:12:31.200 but the world was really put on notice as it 0:12:31.280 --> 0:12:33.960 was escalating. As I said, from twenty fourteen twenty eighteen, 0:12:34.040 --> 0:12:35.840 you know, now to a quarter of the world's population. 0:12:36.160 --> 0:12:38.400 And you see, you know, Afghanistan had their central bank 0:12:38.440 --> 0:12:42.360 reserves stolen from the US. About eight billion dollars was taken. 0:12:43.480 --> 0:12:45.960 And I know, the Afghanistan they're bad people, right, blah 0:12:46.000 --> 0:12:50.200 blah blah. But people, the people have their money in 0:12:50.200 --> 0:12:52.440 the bank and the bank puts it in the central bank. 0:12:52.559 --> 0:12:55.959 And so when the US took the central bank's money, sure, 0:12:56.000 --> 0:12:58.080 I mean maybe they were taking Taliban money, but they're 0:12:58.120 --> 0:13:01.080 also taking the people's money. Nobody bats and eye when 0:13:01.080 --> 0:13:03.240 it happens to Iran. I mean, they're bad people, right, 0:13:03.280 --> 0:13:04.960 and they don't bat an eye what happens in Afghanistan. 0:13:05.000 --> 0:13:06.880 I mean they're bad people, right, But what about what 0:13:06.960 --> 0:13:10.040 it happens in February twenty twenty two, when the world's 0:13:10.040 --> 0:13:13.200 put on notice when there's three global superpowers in the world, 0:13:13.240 --> 0:13:16.240 three with nuclear weapons China, Russia, in the United States 0:13:16.280 --> 0:13:20.520 and Russia had their bank accounts seized. And what happened 0:13:20.600 --> 0:13:23.760 is when they got their bank account seized, every nation 0:13:23.800 --> 0:13:26.520 in the world was put on notice that, shoot, the 0:13:26.679 --> 0:13:30.680 dollar is not some neutral monetary system. As a matter 0:13:30.720 --> 0:13:34.640 of fact, it can be taken at any given time. Now, 0:13:34.880 --> 0:13:36.760 a lot of people message me and ask me All 0:13:36.760 --> 0:13:39.000 the time I was at this conference, people were asking me, Mark, 0:13:39.080 --> 0:13:41.560 what about these bank bail in laws. I'm afraid that 0:13:41.600 --> 0:13:43.480 the money in the bank, they'll take it right in 0:13:43.559 --> 0:13:46.160 the bill in what should I do to protect myself? Well, 0:13:46.200 --> 0:13:50.000 that's basically what these nations are asking themselves, right, what 0:13:50.040 --> 0:13:52.760 do I do if the US takes my money? And 0:13:52.880 --> 0:13:55.520 so they have to start thinking about ways that they 0:13:55.559 --> 0:13:57.840 can protect themselves. But more importantly, if they've been completely 0:13:57.920 --> 0:14:00.480 kicked out like Russia, they got to find new way 0:14:00.480 --> 0:14:04.839 to do transactions. And that's exactly what's happening. And so 0:14:05.000 --> 0:14:06.800 what I want you to understand though, is that this 0:14:06.880 --> 0:14:10.559 is a process and not an event. So people ask 0:14:10.640 --> 0:14:13.400 me all the time mark. When is this going to happen? Well, 0:14:13.440 --> 0:14:16.679 it is happening. It's happening. It's a process. When the 0:14:16.800 --> 0:14:19.640 US dollars took over from the pounds sterling, which was 0:14:19.680 --> 0:14:22.120 the last major reserve currency, it was a process. It 0:14:22.160 --> 0:14:24.520 took about thirty years. We're going to process and we 0:14:24.520 --> 0:14:26.200 can witness. I've given you a couple of data points. 0:14:26.240 --> 0:14:28.000 Let me give you a couple more. So, what we 0:14:28.040 --> 0:14:31.120 know is that because Russia was forced out of the dollar, 0:14:31.680 --> 0:14:36.560 they've now made the Chinese yuan their reserve currency. So 0:14:37.000 --> 0:14:39.040 who's the reserve currency of the world, Well, it's the 0:14:39.120 --> 0:14:42.920 dollar for now. What's next, Well, Russia has made China 0:14:43.240 --> 0:14:45.440 the uan their reserves. A matter of fact, seventeen percent 0:14:45.480 --> 0:14:48.920 of their reserves are in Chinese yuan. We have known 0:14:49.000 --> 0:14:53.040 friendly countries like the UAE, United Arab em Rights. The UAE. 0:14:53.480 --> 0:14:56.760 They have now begun issuing bonds, not in dollars like 0:14:56.800 --> 0:14:59.520 they have always done, but in their own currency, so 0:14:59.560 --> 0:15:02.280 they're out of the dollar. Egypt, which is again a 0:15:02.440 --> 0:15:05.680 very friendly country to the United States, has also started 0:15:05.720 --> 0:15:09.120 issuing bonds like they always do, but not in dollars. Instead, 0:15:09.160 --> 0:15:14.120 they've issued five hundred million dollars in yuan Chinese yuan bonds. Israel, 0:15:14.240 --> 0:15:16.560 which is a big friendly, one of the biggest allies 0:15:16.600 --> 0:15:19.240 to the United States specifically in the Middle East, has 0:15:19.240 --> 0:15:24.360 also diversified their foreign exchange holdings into yuue. China and 0:15:24.400 --> 0:15:28.120 India are now doing mdals buying oil outside of the dollar. 0:15:28.280 --> 0:15:30.880 So these are actual facts and this is the process 0:15:30.920 --> 0:15:34.960 we're seeing these things happen. But more importantly, the big 0:15:35.000 --> 0:15:37.560 things that are happening is that what we're seeing is 0:15:37.600 --> 0:15:40.880 that central banks are buying more gold than any time 0:15:41.120 --> 0:15:43.320 in the last fifty five years, which is previous to 0:15:43.360 --> 0:15:46.000 going off the gold standard. And why are they doing 0:15:46.000 --> 0:15:48.600 that Well, because they understand that the US dollar is 0:15:48.640 --> 0:15:51.360 a weapon nize system, and they're doing that to take 0:15:51.400 --> 0:15:55.280 steps to protect themselves. The problem is they don't understand 0:15:55.280 --> 0:15:57.000 how gold failed in the past. The problem is they 0:15:57.040 --> 0:15:59.520 don't understand history properly, or more important, they don't understand 0:15:59.560 --> 0:16:02.840 tachnoledge and how the world's changing. And this might be 0:16:02.880 --> 0:16:05.240 the wrong move. So what am I talking about? Well, 0:16:06.080 --> 0:16:08.200 like I said, central banks are buying massive bounts of gold. 0:16:08.920 --> 0:16:12.280 We can see that Russia has decided in their central 0:16:12.280 --> 0:16:15.200 bank to double the amount of reserves they having gold. 0:16:15.280 --> 0:16:17.760 Typically they would hold twenty percent of their reserves in gold. 0:16:17.920 --> 0:16:20.680 They've decided to double that to make it forty percent. 0:16:22.240 --> 0:16:23.880 It's a big move. That means they're going to be 0:16:23.920 --> 0:16:27.800 buying massive amounts of gold, which is why gold has 0:16:27.800 --> 0:16:29.840 been rallied. Gold rallied from you know, in the sixteen 0:16:29.880 --> 0:16:32.800 hundred to over nineteenhundred, almost pushing two thousand dollars an ounce. 0:16:33.160 --> 0:16:36.040 That's a really really big move for gold. More importantly, 0:16:36.440 --> 0:16:38.720 it's a big move for gold because gold is supposed 0:16:38.720 --> 0:16:42.360 to go up in a high inflation environment. But over 0:16:42.400 --> 0:16:44.720 the last six months or so, as gold has been 0:16:44.760 --> 0:16:48.560 going up, inflation has been going down. It's not supposed 0:16:48.560 --> 0:16:51.440 to work that way. Gold goes up when inflation goes up. 0:16:51.640 --> 0:16:53.480 But now inflation has been going down and gold has 0:16:53.480 --> 0:16:55.200 been going up at the same time. Why is that 0:16:55.240 --> 0:16:58.240 And that's an important piece to understand, and part of 0:16:58.280 --> 0:17:00.760 it it's because of the central banks buying massive amounts 0:17:00.800 --> 0:17:03.960 of gold, including Russia. Now I want to tell you 0:17:04.000 --> 0:17:05.840 about what China is doing, and I want to explain 0:17:06.040 --> 0:17:08.800 why they're doing it. We're gonna talk about why it's 0:17:08.840 --> 0:17:10.479 the wrong move, why it's the same wild problem. We're 0:17:10.480 --> 0:17:13.040 gonna talk about technology, and we're going to talk about 0:17:14.000 --> 0:17:17.160 where things are going from a very zoomed out view, 0:17:17.200 --> 0:17:19.040 and we'll talk about gold, and we're gonna talk about 0:17:19.080 --> 0:17:21.080 bitcoin and so much more. If you're just tuning in, 0:17:21.119 --> 0:17:22.840 you're listening to the Markmas Show, we talk about the 0:17:22.880 --> 0:17:25.840 decentralized revolution, the way the world is changing, so you 0:17:25.840 --> 0:17:29.240 can understand what's going more importantly, what you need to 0:17:29.280 --> 0:17:31.920 be doing to protect yourself as this world changes. I'll 0:17:31.960 --> 0:17:33.480 be back with all that and more in a minute, 0:17:33.560 --> 0:17:35.879 so don't go away, all right. If you're just tune in, 0:17:35.920 --> 0:17:38.119 you're listening to the markma Show, we're talking about the 0:17:38.240 --> 0:17:41.399 decentralized Revolution, of course, each and every week, and we're 0:17:41.440 --> 0:17:45.639 specifically talking about how right now today in the world, 0:17:46.000 --> 0:17:49.680 the dollar system has become weaponized against Russia and other countries. 0:17:49.680 --> 0:17:52.320 And now we're seeing central banks around the world buying 0:17:52.520 --> 0:17:55.080 more gold than anytime in history will least Fisch five years. 0:17:55.440 --> 0:17:57.320 And so we see the central banks we're buying massive 0:17:57.320 --> 0:18:00.280 amounts of gold and it's pushing gold's price higher, wall 0:18:00.359 --> 0:18:03.960 inflation is going down, and that typically doesn't happen. And 0:18:04.080 --> 0:18:06.359 part of that is because of this massive demand. I mean, 0:18:06.440 --> 0:18:08.639 come on, look, I say it all the time. Prices 0:18:08.760 --> 0:18:12.960 are driven by supply and demand. If you have more demand, 0:18:13.160 --> 0:18:16.600 more buyers, then you have supply. Price goes up. And 0:18:16.680 --> 0:18:19.040 the opposite is true. If you have more supply than 0:18:19.080 --> 0:18:20.840 there are buyers, the price has to come down. It's 0:18:20.920 --> 0:18:23.720 very simple. Now. The gold market, you know, it's about 0:18:23.720 --> 0:18:28.080 twelve trillion dollars roughly, give or take. But that sounds 0:18:28.080 --> 0:18:29.720 like a big market, but it's really not that big 0:18:29.720 --> 0:18:31.560 because most of it's being held by central banks and 0:18:31.560 --> 0:18:33.760 it's put away. Then we have the jewelry market, so 0:18:33.800 --> 0:18:37.720 there's not a lot of gold to buy, and so 0:18:38.240 --> 0:18:40.840 there's really not that much. It's it's a pretty inelastic market, 0:18:40.880 --> 0:18:43.119 and so a little bit of buying pressure can do 0:18:43.200 --> 0:18:46.280 a lot to the price. And so Russia doubling their 0:18:46.320 --> 0:18:49.399 reserve requirements from twenty to forty percent is a massive move. 0:18:50.160 --> 0:18:53.000 And what that's done is it's sort of I believe, 0:18:53.600 --> 0:18:55.960 is responsible for pushing the price of gold up at 0:18:56.000 --> 0:18:59.160 this low inflation environment. But more importantly, I think it's 0:18:59.280 --> 0:19:04.120 probably set a new floor price for gold, meaning there's 0:19:04.119 --> 0:19:06.199 a buyer now and they're trying to buy lots of 0:19:06.240 --> 0:19:09.520 gold well supply demand. There's massive demand now and I 0:19:09.520 --> 0:19:12.280 don't see gold slipping back down much lower because of 0:19:12.280 --> 0:19:14.920 this massive band they set this price floor. And then 0:19:14.960 --> 0:19:16.720 on top of that, we have China just came out 0:19:16.720 --> 0:19:19.160 and announced the last two months in a row they've 0:19:19.200 --> 0:19:23.000 added over thirty metric tons each month, so a total 0:19:23.000 --> 0:19:27.679 of sixty metric tons of gold, which is a massive 0:19:27.880 --> 0:19:31.040 amount of gold. Potentially there could be five or six 0:19:31.080 --> 0:19:33.840 percent of what the gold is held in the United States, 0:19:33.920 --> 0:19:36.479 and they did that in just two months. We know 0:19:36.560 --> 0:19:38.920