Speaker 1: Hello, and welcome back to another episode of The Mark
Speaker 1: Moss Show, where we talk about the decentralized Revolution. We
Speaker 1: talk about the way the world is changing right before
Speaker 1: our very eyes. And of course, unless you're living under
Speaker 1: a rock, you see this, You see it happening, and
Speaker 1: you see it coming, and it is here. And I
Speaker 1: like to look at through the lens of politics, finance,
Speaker 1: and technology because it brings context to things. What I
Speaker 1: want to talk about today is the money. The money
Speaker 1: is changing really fast, and it's changing for many reasons.
Speaker 1: One technology is changing money, but it's also changing politically,
Speaker 1: and not just politically like inside the United States or
Speaker 1: whatever country you're in, but geopolitically because money communicates or
Speaker 1: communicates value, but it coordinates economies. And as I talk
Speaker 1: about the decentralized revolution, we swing on a pendulum from
Speaker 1: centralization to decentralization. And so for the last two hundred
Speaker 1: and fifty years, the pendulum has been swinging to centralization
Speaker 1: and we're peaked out. This globalization has peaked out. As
Speaker 1: a matter of fact that the Globalist Agenda at their
Speaker 1: Median last week in Davos, one of the big topics
Speaker 1: they talked about is that globalization is over? How does
Speaker 1: the world work when globalization is over? More importantly, what
Speaker 1: they're saying is how can we save the world. How
Speaker 1: could we save the world from climate change? French President
Speaker 1: and Manu Macrone got up and said that we have
Speaker 1: to have a one world government. If we don't, how
Speaker 1: can we coordinate and fix climate change? And so, you know,
Speaker 1: that's their viewpoint. But if it's ending, and they know this,
Speaker 1: and they said, you know, how does this work in
Speaker 1: an age deglobalization? And so as the world globalizes, then
Speaker 1: the way that we trade changes and the way that
Speaker 1: we use money and the world changes. And so as
Speaker 1: the world has been trading freely, right, we have these
Speaker 1: just in time supply chains interlacing the world. You know,
Speaker 1: you haven't your average iPhone as parts from six different
Speaker 1: continents in it. But as the world continues to break apart,
Speaker 1: as we continue to have less and less trust with
Speaker 1: each other, how do we continue to trade? And more importantly,
Speaker 1: the dollar, the dollar is the reserve currency of the world,
Speaker 1: is the homogeney. Everybody in the world uses and accepts dollars,
Speaker 1: and the dollar has become a payment network. If anything else, well,
Speaker 1: the dollars lots of things. But if anything else, the
Speaker 1: dollar is a payment network. I can move dollars anywhere
Speaker 1: in the world. Anybody in the world takes those dollars.
Speaker 1: All the banks, all the remittance companies, they all use dollars.
Speaker 1: But that's changing because the world is decentralizing. And so
Speaker 1: to understand that, you kind of have to go back
Speaker 1: to what I call first principles. You got to go
Speaker 1: back to the beginning and ask yourself what is money? Now.
Speaker 1: My good friend Robert Breedlove has a podcast titled What
Speaker 1: Is Money because it's a big subject, and he digs
Speaker 1: into this subject each and every episode, and you can
Speaker 1: go on and on and on, and so, like I said,
Speaker 1: we can know what is money. Money communicates value. It
Speaker 1: tells to each other how much things are worth. We
Speaker 1: don't want the money, We want the good, but we
Speaker 1: need that money to get that good. It's the medium
Speaker 1: of exchange. So money is a medium exchange, and it's
Speaker 1: also a store of value. So again, we don't want money.
Speaker 1: We want the things that money buys us. But we'll
Speaker 1: hold money until we want those things that we want, right,
Speaker 1: and so we'll store our wealth, we'll store our value
Speaker 1: in the money until such a time as where to
Speaker 1: deploy that money, and then it's a medium of exchange
Speaker 1: to get what we want. So what you have to
Speaker 1: understand in order to understand where the world is going.
Speaker 1: I'm going to explain to what Russia is doing right now,
Speaker 1: what China's doing right now, how the dollar is losing value,
Speaker 1: and what comes next. But in order to understand that,
Speaker 1: you have to understand this basic fact of what is money,
Speaker 1: and so money is those things and what happens is
Speaker 1: money is emergent, it's it evolves, right, And so throughout
Speaker 1: history we've used all types of things as money, and
Speaker 1: even today we use all types of things as money
Speaker 1: because all it is is an exchange. And so we've
Speaker 1: had feathers and rocks and seashells, and of course gold
Speaker 1: emerged evolved as the best form of money because it
Speaker 1: had the best attributes, and the best attributes are must
Speaker 1: be portable. A house isn't a good meet of money
Speaker 1: because I can't move a house with me. It must
Speaker 1: be divisible. Cows were, you know, good for bartering, but
Speaker 1: if I don't want a whole cow, I can't really
Speaker 1: divide the cow up. It must be fungible, meaning if
Speaker 1: I even know I did chop up a cow, one
Speaker 1: part of the cow is not equal to the other
Speaker 1: part of the cow, right something one part of steak
Speaker 1: is better than another part of steak. It must be durable,
Speaker 1: but bananas make a horrible form of money because bananas
Speaker 1: don't last that long. Portable, divisible, durable, It also must
Speaker 1: be salable and recognizable, so people have to take it.
Speaker 1: If we have chucky cheese tokens, and let's let's just
Speaker 1: do chucky cheese tokens as money, but nobody takes chuck
Speaker 1: e cheese tokens, so it wouldn't work really well. And
Speaker 1: so those are the attributes that allowed gold to emerge,
Speaker 1: and also must be scarce. You can't just have an
Speaker 1: unlimited amount of them. You have to control there mus
Speaker 1: be scarcity, and so gold emerged as that best. But
Speaker 1: the problem is that gold failed, and it's important to
Speaker 1: understand this because the world is trying to go back
Speaker 1: to gold right now. But if you don't understand how
Speaker 1: gold failed, then you won't understand why going back to
Speaker 1: gold again and the world where in today isn't going
Speaker 1: to work again. So you have to understand that fact.
Speaker 1: And so gold failed because the world changed. So the
Speaker 1: world became more and more globalized, and so when I'm
Speaker 1: living a small village, gold worked really well. But as
Speaker 1: the world globalized, going into the thirteen and fourteen hundreds,
Speaker 1: fourteenth and fifteenth century, we started doing more global trade.
Speaker 1: And the problem is that gold isn't very portable, and
Speaker 1: so if one country wanted to pay another country in gold,
Speaker 1: how do they do that? They loaded onto a ship
Speaker 1: and sell it across the ocean and have to worry
Speaker 1: about pirates and storms and sunken ships and all these things.
Speaker 1: If you know, I wanted to pay somebody in gold
Speaker 1: from California to New York, it's very slow, and you
Speaker 1: have to get someone to drive it, security, all these things,
Speaker 1: and so it's not super portable. And so there was
Speaker 1: a new piece of technology that was created. And that
Speaker 1: new technology was created about the fourteen hundreds in Florence, Italy,
Speaker 1: and it was called wait for it, wait for it,
Speaker 1: wait for it. It was called a ledger. And the
Speaker 1: ledger would then allow somebody, a trusted third party whoever
Speaker 1: controlled that ledger, to keep track of who had the gold.
Speaker 1: And so instead of actually having the gold, because gold
Speaker 1: is very hard and heavy to move around. Somebody would
Speaker 1: just say Mark has the gold, and then they would
Speaker 1: give it to you and say you have the gold,
Speaker 1: and that ledger was created. This allowed money to move
Speaker 1: really fast by putting debt on it. So I would
Speaker 1: give my gold to this trusted third party. They would
Speaker 1: give me back a paper claim, and iou that would
Speaker 1: allow me whenever I wanted to go back and claim
Speaker 1: that gold, like a pawn shop or here I'm in Canada.
Speaker 1: I gave my jacket. We don't wear jackets really in California,
Speaker 1: but in here it's cold. I to wear a jacket,
Speaker 1: so I go to the restaurant and they take my
Speaker 1: coat from me and they give me a claim ticket.
Speaker 1: When I come back, I give my claim ticket to
Speaker 1: give my cote back. And so that's how it works.
Speaker 1: I'd give them my gold, they'd keep track of who
Speaker 1: had the gold. But the problem is is what that
Speaker 1: did is its centralized gold, and all the gold ended
Speaker 1: up going into these banks. And in the early nineteen
Speaker 1: hundreds in the United States, all the gold was sitting
Speaker 1: in the banks and wear these dollars or paper gold
Speaker 1: certificates or claims IOUs and what happened is the government
Speaker 1: started printing way more of these paper claims than they
Speaker 1: actually had gold. And by nineteen thirty three, the government
Speaker 1: owed so much gold, but they didn't have it because
Speaker 1: they printed all these fake claims. They told all these
Speaker 1: guys they had jackets when they didn't really have the jackets.
Speaker 1: They told those people they had gold when they didn't
Speaker 1: have the gold, and so they were in a bad situation.
Speaker 1: So nineteen thirty three, Executive Order sixty one h two,
Speaker 1: the President declared all gold illegal to be owned by people,
Speaker 1: and all the gold that was in the bank, they
Speaker 1: seized it, they confiscated it. Okay, that's why it failed
Speaker 1: because gold is not portable. And now, fast forwarding to today,
Speaker 1: money as we know it, or dollars or the financial
Speaker 1: system is now becoming a weapon. And as a matter
Speaker 1: of fact, it has always been a weapon. Governments have
Speaker 1: used money as a weapon for as long as as
Speaker 1: we know, whether that be using it too funded army
Speaker 1: to fight as a weapon or to steal arbitrarily from
Speaker 1: its people. And so the government can only tax people
Speaker 1: so much before people freak out. And so the way
Speaker 1: they tax you without you knowing it or without you
Speaker 1: objecting or getting mad is they do it through inflation,
Speaker 1: and as they print that money, they're basically stealing from you.
Speaker 1: So it's been a weapon against us as the people.
Speaker 1: Governments use it to steal wealth from the people Zimbabwe, Venezuela, Turkey,
Speaker 1: on and on and on. It's gotten worse than it
Speaker 1: has gotten bigger than that, and it's been used not
Speaker 1: just on its own people but to other nations. And
Speaker 1: so we can see where this really picked up steam
Speaker 1: in twenty fourteen when the United States and the intelligence
Speaker 1: community organized a coup in Ukraine and they overthrew the
Speaker 1: democratically elected governments of Ukraine to install their own government there.
Speaker 1: Of course, Russia didn't like that. They moved in to
Speaker 1: take over a part of Ukraine and so started the
Speaker 1: war in twenty fourteen, where then the United States weaponized
Speaker 1: the financial system and applied sanctions to Russia. So when
Speaker 1: the US powers do that, they weaponize it. All right,
Speaker 1: I'm gonna be back with more. If you're just tuning
Speaker 1: in you're listening to the Mark Moss Show, we're talking
Speaker 1: about the decentralized Revolution, and I'm talking about the way
Speaker 1: that Russia and China and the bricks, nations are changing,
Speaker 1: the money, the dollars dying, and what's coming next. And
Speaker 1: I'm explaining to you from the ground up, so you
Speaker 1: can see clearly I got a whole lot to cover.
Speaker 1: This is gonna be super fun, exciting and informative. So
Speaker 1: don't go away. I'll be right back with more in
Speaker 1: a minute. All right, welcome back. If you're just tune in,
Speaker 1: you're listening to the Mark Moss Show. We're talking about,
Speaker 1: of course, the decentralized Revolution, talking about the way that
Speaker 1: the world is decentralizing, the money is decentralizing, the dollar
Speaker 1: is losing its place in the world, and what comes next.
Speaker 1: And so in order to understand what comes next, you
Speaker 1: have to understand what's happened in the past and the
Speaker 1: problems that we had. And so I explained the problems
Speaker 1: with gold, the centralization aspect of it. But now I'm
Speaker 1: talking about how the money is being used as a weapon.
Speaker 1: And so we saw again the governments the United States
Speaker 1: started weaponizing the dollar and more specifically the dollar network,
Speaker 1: the Swift system, the FX systems against Russia in twenty fourteen,
Speaker 1: and they continue to do that. As a matter of fact,
Speaker 1: if the government started to censor anybody they don't like, Oh,
Speaker 1: censor you, censor you. Oh I don't like this policy,
Speaker 1: censor you, censor you. And it's it's a way to
Speaker 1: impose you know, these sanctions are a way to impose
Speaker 1: your will or basically steal arbitrarily from these governments. In
Speaker 1: twenty eighteen, there was an article written on CNBC by
Speaker 1: someone named Left and he said quote that the US
Speaker 1: was waging war on one tenth of the world. The
Speaker 1: US was waging war, and they're waging war economically. Now
Speaker 1: you may have heard these stats, but about over two
Speaker 1: billion adults in the world. Now there's about one eight
Speaker 1: billion people in the world, So two billion adults in
Speaker 1: the world have no access to banking. And the main
Speaker 1: reason why is because they're not allowed to They're not
Speaker 1: allowed to have access because the US dollar system is
Speaker 1: permission do you have to have permission in order to
Speaker 1: use it, and so these they're not allowed to use it. So,
Speaker 1: for example, let's say that you're in Iran, you're a
Speaker 1: fifteen year old kid, you're super pro freedom, you're not
Speaker 1: happy with your government, and you're trying to make a
Speaker 1: better life for yourself, and so you start an Instagram
Speaker 1: account and you want to you know, sell e commerce
Speaker 1: or something. Well, you're not allowed to join the financial
Speaker 1: system because your country is sanctioned. And so about one
Speaker 1: tenth of the world is sanctioned by by the United
Speaker 1: States or now today about one quarter one one out
Speaker 1: of every four people in the world today are under
Speaker 1: some form of US sanctions. I believe a week ago,
Speaker 1: a week or two ago, there was a big meeting
Speaker 1: held in Singapore and George Yao is the former Foreign
Speaker 1: Minister of Singapore. At the conference, he said, quote, if
Speaker 1: you weaponize the international financial system, alternatives will grow to
Speaker 1: replace it. End quote. So if you weaponize the international
Speaker 1: finance system, alternators will go to replace it. Yes. Of course,
Speaker 1: if you kick people out of the financial system, then
Speaker 1: they can't use the dollar financial system. So what do
Speaker 1: they do Just go in a hole and die? Of
Speaker 1: course not. They just find another way to do financial transactions.
Speaker 1: They just find another way. If I'm having a party
Speaker 1: and I don't like some people at the party, I
Speaker 1: kick you out. I kick you out. I kick you
Speaker 1: out to kick you out, and you guys all go
Speaker 1: form your own party. You all go somewhere else. One
Speaker 1: I have no more control over you. And two, you
Speaker 1: don't just go die, you go go somewhere else, you
Speaker 1: go create your own party. And that's exactly what happened.
Speaker 1: But really the world changed about a year ago February
Speaker 1: twenty twenty two, and the whole world was put on notice.
Speaker 1: And of course I've been talking about this since then,
Speaker 1: but the world was really put on notice as it
Speaker 1: was escalating. As I said, from twenty fourteen twenty eighteen,
Speaker 1: you know, now to a quarter of the world's population.
Speaker 1: And you see, you know, Afghanistan had their central bank
Speaker 1: reserves stolen from the US. About eight billion dollars was taken.
Speaker 1: And I know, the Afghanistan they're bad people, right, blah
Speaker 1: blah blah. But people, the people have their money in
Speaker 1: the bank and the bank puts it in the central bank.
Speaker 1: And so when the US took the central bank's money, sure,
Speaker 1: I mean maybe they were taking Taliban money, but they're
Speaker 1: also taking the people's money. Nobody bats and eye when
Speaker 1: it happens to Iran. I mean, they're bad people, right,
Speaker 1: and they don't bat an eye what happens in Afghanistan.
Speaker 1: I mean they're bad people, right, But what about what
Speaker 1: it happens in February twenty twenty two, when the world's
Speaker 1: put on notice when there's three global superpowers in the world,
Speaker 1: three with nuclear weapons China, Russia, in the United States
Speaker 1: and Russia had their bank accounts seized. And what happened
Speaker 1: is when they got their bank account seized, every nation
Speaker 1: in the world was put on notice that, shoot, the
Speaker 1: dollar is not some neutral monetary system. As a matter
Speaker 1: of fact, it can be taken at any given time. Now,
Speaker 1: a lot of people message me and ask me All
Speaker 1: the time I was at this conference, people were asking me, Mark,
Speaker 1: what about these bank bail in laws. I'm afraid that
Speaker 1: the money in the bank, they'll take it right in
Speaker 1: the bill in what should I do to protect myself? Well,
Speaker 1: that's basically what these nations are asking themselves, right, what
Speaker 1: do I do if the US takes my money? And
Speaker 1: so they have to start thinking about ways that they
Speaker 1: can protect themselves. But more importantly, if they've been completely
Speaker 1: kicked out like Russia, they got to find new way
Speaker 1: to do transactions. And that's exactly what's happening. And so
Speaker 1: what I want you to understand though, is that this
Speaker 1: is a process and not an event. So people ask
Speaker 1: me all the time mark. When is this going to happen? Well,
Speaker 1: it is happening. It's happening. It's a process. When the
Speaker 1: US dollars took over from the pounds sterling, which was
Speaker 1: the last major reserve currency, it was a process. It
Speaker 1: took about thirty years. We're going to process and we
Speaker 1: can witness. I've given you a couple of data points.
Speaker 1: Let me give you a couple more. So, what we
Speaker 1: know is that because Russia was forced out of the dollar,
Speaker 1: they've now made the Chinese yuan their reserve currency. So
Speaker 1: who's the reserve currency of the world, Well, it's the
Speaker 1: dollar for now. What's next, Well, Russia has made China
Speaker 1: the uan their reserves. A matter of fact, seventeen percent
Speaker 1: of their reserves are in Chinese yuan. We have known
Speaker 1: friendly countries like the UAE, United Arab em Rights. The UAE.
Speaker 1: They have now begun issuing bonds, not in dollars like
Speaker 1: they have always done, but in their own currency, so
Speaker 1: they're out of the dollar. Egypt, which is again a
Speaker 1: very friendly country to the United States, has also started
Speaker 1: issuing bonds like they always do, but not in dollars. Instead,
Speaker 1: they've issued five hundred million dollars in yuan Chinese yuan bonds. Israel,
Speaker 1: which is a big friendly, one of the biggest allies
Speaker 1: to the United States specifically in the Middle East, has
Speaker 1: also diversified their foreign exchange holdings into yuue. China and
Speaker 1: India are now doing mdals buying oil outside of the dollar.
Speaker 1: So these are actual facts and this is the process
Speaker 1: we're seeing these things happen. But more importantly, the big
Speaker 1: things that are happening is that what we're seeing is
Speaker 1: that central banks are buying more gold than any time
Speaker 1: in the last fifty five years, which is previous to
Speaker 1: going off the gold standard. And why are they doing
Speaker 1: that Well, because they understand that the US dollar is
Speaker 1: a weapon nize system, and they're doing that to take
Speaker 1: steps to protect themselves. The problem is they don't understand
Speaker 1: how gold failed in the past. The problem is they
Speaker 1: don't understand history properly, or more important, they don't understand
Speaker 1: tachnoledge and how the world's changing. And this might be
Speaker 1: the wrong move. So what am I talking about? Well,
Speaker 1: like I said, central banks are buying massive bounts of gold.
Speaker 1: We can see that Russia has decided in their central
Speaker 1: bank to double the amount of reserves they having gold.
Speaker 1: Typically they would hold twenty percent of their reserves in gold.
Speaker 1: They've decided to double that to make it forty percent.
Speaker 1: It's a big move. That means they're going to be
Speaker 1: buying massive amounts of gold, which is why gold has
Speaker 1: been rallied. Gold rallied from you know, in the sixteen
Speaker 1: hundred to over nineteenhundred, almost pushing two thousand dollars an ounce.
Speaker 1: That's a really really big move for gold. More importantly,
Speaker 1: it's a big move for gold because gold is supposed
Speaker 1: to go up in a high inflation environment. But over
Speaker 1: the last six months or so, as gold has been
Speaker 1: going up, inflation has been going down. It's not supposed
Speaker 1: to work that way. Gold goes up when inflation goes up.
Speaker 1: But now inflation has been going down and gold has
Speaker 1: been going up at the same time. Why is that
Speaker 1: And that's an important piece to understand, and part of
Speaker 1: it it's because of the central banks buying massive amounts
Speaker 1: of gold, including Russia. Now I want to tell you
Speaker 1: about what China is doing, and I want to explain
Speaker 1: why they're doing it. We're gonna talk about why it's
Speaker 1: the wrong move, why it's the same wild problem. We're
Speaker 1: gonna talk about technology, and we're going to talk about
Speaker 1: where things are going from a very zoomed out view,
Speaker 1: and we'll talk about gold, and we're gonna talk about
Speaker 1: bitcoin and so much more. If you're just tuning in,
Speaker 1: you're listening to the Markmas Show, we talk about the
Speaker 1: decentralized revolution, the way the world is changing, so you
Speaker 1: can understand what's going more importantly, what you need to
Speaker 1: be doing to protect yourself as this world changes. I'll
Speaker 1: be back with all that and more in a minute,
Speaker 1: so don't go away, all right. If you're just tune in,
Speaker 1: you're listening to the markma Show, we're talking about the
Speaker 1: decentralized Revolution, of course, each and every week, and we're
Speaker 1: specifically talking about how right now today in the world,
Speaker 1: the dollar system has become weaponized against Russia and other countries.
Speaker 1: And now we're seeing central banks around the world buying
Speaker 1: more gold than anytime in history will least Fisch five years.
Speaker 1: And so we see the central banks we're buying massive
Speaker 1: amounts of gold and it's pushing gold's price higher, wall
Speaker 1: inflation is going down, and that typically doesn't happen. And
Speaker 1: part of that is because of this massive demand. I mean,
Speaker 1: come on, look, I say it all the time. Prices
Speaker 1: are driven by supply and demand. If you have more demand,
Speaker 1: more buyers, then you have supply. Price goes up. And
Speaker 1: the opposite is true. If you have more supply than
Speaker 1: there are buyers, the price has to come down. It's
Speaker 1: very simple. Now. The gold market, you know, it's about
Speaker 1: twelve trillion dollars roughly, give or take. But that sounds
Speaker 1: like a big market, but it's really not that big
Speaker 1: because most of it's being held by central banks and
Speaker 1: it's put away. Then we have the jewelry market, so
Speaker 1: there's not a lot of gold to buy, and so
Speaker 1: there's really not that much. It's it's a pretty inelastic market,
Speaker 1: and so a little bit of buying pressure can do
Speaker 1: a lot to the price. And so Russia doubling their
Speaker 1: reserve requirements from twenty to forty percent is a massive move.
Speaker 1: And what that's done is it's sort of I believe,
Speaker 1: is responsible for pushing the price of gold up at
Speaker 1: this low inflation environment. But more importantly, I think it's
Speaker 1: probably set a new floor price for gold, meaning there's
Speaker 1: a buyer now and they're trying to buy lots of
Speaker 1: gold well supply demand. There's massive demand now and I
Speaker 1: don't see gold slipping back down much lower because of
Speaker 1: this massive band they set this price floor. And then
Speaker 1: on top of that, we have China just came out
Speaker 1: and announced the last two months in a row they've
Speaker 1: added over thirty metric tons each month, so a total
Speaker 1: of sixty metric tons of gold, which is a massive
Speaker 1: amount of gold. Potentially there could be five or six
Speaker 1: percent of what the gold is held in the United States,
Speaker 1: and they did that in just two months. We know
Speaker 1: that China didn't just buy this gold, because you can't
Speaker 1: buy that much. The question is they've had it all along.
Speaker 1: Why are they just announcing now that they bought it
Speaker 1: or they have it? That's the question. What are they
Speaker 1: angling for? Right, They've had this gold all along, but
Speaker 1: they're just now telling us that they have it. So
Speaker 1: why why are they telling us this? Well, I believe
Speaker 1: they're telling us this for the same reason that Russia
Speaker 1: is buying a whole bunch. And what they're trying to
Speaker 1: do is they're trying to shore up their financial system.
Speaker 1: They're trying to say, look, we have the gold, and
Speaker 1: they're doing this to put confidence confidence confidence. It always
Speaker 1: goes back to confidence. It goes to go back to trust.
Speaker 1: If they can build confidence in their financial system, they
Speaker 1: can get more people to use it. And so I
Speaker 1: talked about all these nations that are now starting to
Speaker 1: do bonds or put Chinese yuan onto their reserves or
Speaker 1: denominate bonds in Chinese yu want. Now, people will only
Speaker 1: do that if they have confidence in it. Now, there's
Speaker 1: not a lot of confidence in China, all right, Nobody
Speaker 1: really trusts them. There's not a lot of transparency there.
Speaker 1: There's not a lot of confidence there. So China is
Speaker 1: working to try to bring some confidence there. And they're
Speaker 1: adding a bunch of gold. They're telling people they have
Speaker 1: a bunch of gold. They're being more truthful, and they're
Speaker 1: showing people they have the backing and people are responding.
Speaker 1: As I said, we're seeing now Israel diverse fight in
Speaker 1: the Juan. Egypt issued Juan bonds. Right have made you
Speaker 1: on seventy percent of the reserves. And so it's working.
Speaker 1: They're doing this, all right, this is a process, this
Speaker 1: is what they're angling for. But here's the problem. The
Speaker 1: problem is is that they are trying to fix the
Speaker 1: problem with a very very old solution without realizing why
Speaker 1: this old solution failed and why it will fail again.
Speaker 1: It's the same old problem. So what am I talking about. Well,
Speaker 1: as I said, we're going into a whole new world.
Speaker 1: And now the fifteenth and sixteenth century was also a
Speaker 1: whole new world. But now we're going into an even
Speaker 1: bigger world than. As I say all the time, technology
Speaker 1: is what changes the world. It changes the way the
Speaker 1: world organizes itself. So an example of this, I've said
Speaker 1: it before if you're a regular listener thing and then
Speaker 1: you've heard it. If you're not a regular listener, then
Speaker 1: please become one, and you you can tune in each
Speaker 1: and every week on this channel at this time. You
Speaker 1: can pull it your phone and put a reminder and
Speaker 1: make sure you tune in with me each and every week.
Speaker 1: But basically, if you look back through thousands of years
Speaker 1: of history, you see how technology each change of the world.
Speaker 1: So an example of that would be for thousands of years,
Speaker 1: people rode horses, and in the Roman Empire, they'd ride
Speaker 1: horses the battle. In the Egyptian Empire, they'd ride horse
Speaker 1: to the battle, but they'd get off of those horses
Speaker 1: to fight. And that's why like in the Egyptian Empire,
Speaker 1: they would use chariots. The horses would get them there
Speaker 1: in the chariot, then they would get off the horse
Speaker 1: and they had fight. But then there was a new invention,
Speaker 1: and it's it's argued when this invention actually happened, but
Speaker 1: it's not really argued of when it really came into place,
Speaker 1: and that's the stirrup, the horse stirrup, and it allowed
Speaker 1: a knight to get onto a horse with his armor
Speaker 1: and allowed him to fight from the horse. And so
Speaker 1: there's you know, artifacts and some stuff that argued that
Speaker 1: the stirrup was invented earlier than about one thousand a d. However,
Speaker 1: really where it started changing the world was when knights
Speaker 1: could fight from the horse. And the reason why that's
Speaker 1: important is because not allowed the feudal system to the
Speaker 1: centralization of the feudal system to grow, because now one
Speaker 1: knight could handle hundreds of serfs, and it allowed the
Speaker 1: power and the centralization of the feudal system to up.
Speaker 1: The kingdoms. I'm controlled by the knights and they could
Speaker 1: control the many, the peasants and the serfs. But then
Speaker 1: about five hundred years later we had the gunpowder Revolution,
Speaker 1: and now one surf or peasant with a gun could
Speaker 1: take out a hundred knights, and then it broke the
Speaker 1: centralizing power of the monarchy and pushed people back into
Speaker 1: a more of a decentralized manner. So that's an example.
Speaker 1: And we have a new technology as well. And what
Speaker 1: am I talking about, Well, we're in the information age.
Speaker 1: The Internet has changed the world now. Already in the
Speaker 1: fifteenth century we had that through global trade and we
Speaker 1: had to move into this ledger system. But today we
Speaker 1: live in an information age. You're listening to me right
Speaker 1: now over the internet or over the airwaves or something
Speaker 1: like that. So we're in this information age. And the
Speaker 1: problem is is that old money like gold doesn't work
Speaker 1: in the information age. What we've done is we've moved
Speaker 1: from the physical world with physical laws to informational or
Speaker 1: man made rules, and that is the crux of the problem. Okay,
Speaker 1: So in a physical world, it's very simple, right If
Speaker 1: I have a gold token in my hand, everyone knows
Speaker 1: that Mark has the gold token in his hand, and
Speaker 1: if I hand it to you, everybody could see that.
Speaker 1: Everybody knows that you have the gold token in your hand.
Speaker 1: That's in a physical world. But in an information world.
Speaker 1: Then we need to use something like a ledger, and
Speaker 1: the ledger would instead of being directly represented when I
Speaker 1: have it at my hand, now that the ledger indirectly
Speaker 1: reflects the state of things, and the ledger tells us
Speaker 1: who has the gold token in their hand. Ledgers are
Speaker 1: informational and they're centralized because somebody has to control the ledger.
Speaker 1: Tokens are inherently trustless. If I have it, I have it.
Speaker 1: If you have it, you have it. Ledgers are not
Speaker 1: I have to trust whoever is controlling that ledger, and
Speaker 1: that is the crux of the problem. So if we
Speaker 1: zoom out and we take a look at things, what
Speaker 1: we can see is that, as I said, the world
Speaker 1: is deglobalizing. It was the big trend of Davos and
Speaker 1: the West. And as the world deglobalizes, we have less
Speaker 1: trust with each other and there's less liquidity. And this
Speaker 1: technology is opening up to give us a way to
Speaker 1: manage this, but it's not going backwards. Now about every
Speaker 1: fifty years there's a technological revolution. That means there's a
Speaker 1: new technology that's so revolutionary it changes the course of humanity,
Speaker 1: and it drives all financial markets. And we're witnessing one
Speaker 1: right now. And the revolution is decentralization. That's the revolution,
Speaker 1: So not faster money. It's decentralization because as we move
Speaker 1: into this new world, we're moving from one of physical
Speaker 1: a physical world, to an information world. And as the
Speaker 1: world decentralizes, we need stuff that can move around the world,
Speaker 1: and it needs to move permissionless. We can't get permission
Speaker 1: from every single little tiny country in the world to
Speaker 1: move in a globalized world where we have one world
Speaker 1: government and it kind of works, but in a decentralized
Speaker 1: or deglobalized world, it doesn't work. We need to be
Speaker 1: permission list. It needs to be borderless, it needs to
Speaker 1: build a move seamlessly across the world, and it must
Speaker 1: be trustless. We don't want to put our trust in
Speaker 1: somebody controlling the ledger, because we see how well that
Speaker 1: worked out for Russia. You do one wrong move and
Speaker 1: you lose all your money, even if you're a global
Speaker 1: superpower with nuclear weapons. And it must have all the
Speaker 1: attributes of money. It must be portable, divisible, durable, salable,
Speaker 1: but most importantly, it must be neutral. It must be
Speaker 1: something that nobody can control. A decentralized ledger that nobody
Speaker 1: can control. All right, Now, if you're just tuning in,
Speaker 1: you're listening to the Mark Moss Show, and I'm explaining
Speaker 1: how the world is deglobalizing, decentralizing, and how this is
Speaker 1: going to change the money supply, and how all the
Speaker 1: moves of the central banks over the last several months
Speaker 1: are going back the wrong direction. I'm gonna be back
Speaker 1: with more of that in a minute. You don't want
Speaker 1: to miss it, so don't go away, all right, Welcome back.
Speaker 1: If you're just tuning in, you're listening to the Mark
Speaker 1: Moss Show, we're talking about the centralized revolution, of course,
Speaker 1: each and every week, how the world is changing right
Speaker 1: before our very eyes. And I'm talking about how the
Speaker 1: central banks around the world are buying more gold than
Speaker 1: any time in history because they're trying to build a
Speaker 1: new financial system. The US has weaponized the US dollar,
Speaker 1: They've weaponized it against all these nations, and they've really,
Speaker 1: I think crossed the rubicon, so to speak, jumped the shark,
Speaker 1: we might say. When they took away Russia's bank accounts,
Speaker 1: over five hundred billion dollars was seized and the whole
Speaker 1: world was put on notice, like shoot, if that can
Speaker 1: happen to Russia, it can happen to anybody. It was
Speaker 1: one thing when happened to these little small countries, but
Speaker 1: what about us? And so now they're trying to stack
Speaker 1: all this gold And I'm explaining how the problem with
Speaker 1: gold is that centralization happens because it doesn't move over space.
Speaker 1: And so in this new world where we have deglobalization,
Speaker 1: we can't have something physical. We can't go back to
Speaker 1: the way things were because it failed because it didn't work.
Speaker 1: And so if we try to go back to the
Speaker 1: same system is going to fail for the exact same reason.
Speaker 1: You can't just go back and do the same thing again.
Speaker 1: You have to fix the problem. Fixing the problem was
Speaker 1: going from a physical world of gold, moving physical gold
Speaker 1: to a informational based system of a ledger. But that
Speaker 1: solved that problem. Under the Brenton Woods Agreement, the US
Speaker 1: dollar system was a neutral payment system, so it's solve
Speaker 1: the problem of gold of that it doesn't settle over
Speaker 1: time and space. But it then eventually created new problems,
Speaker 1: which is where we're at today, which is now whoever
Speaker 1: controls the ledger controls everything, and we have to trust them,
Speaker 1: and we're finding out over and over that we can't
Speaker 1: trust them. So that's the new problem. And the other
Speaker 1: problem is that as the US continues to kick everybody
Speaker 1: out of the system, those people are forced to go
Speaker 1: find their own system, build a new system. And that's
Speaker 1: exactly what's happening. I just think they're building it the
Speaker 1: wrong way, and a new system is also emerging at
Speaker 1: the same time. And so as the world continues to
Speaker 1: break apart, as there's less trust, as we need to
Speaker 1: continue to have global trade, we need a decentralized ledger
Speaker 1: that nobody can control, that we don't have to trust
Speaker 1: anybody with. First of all, if you don't know what
Speaker 1: I'm talking about, I'm talking about bitcoin. So bitcoin is
Speaker 1: a decentralized ledger that nobody can control. It's borderless. You
Speaker 1: can move it around the world seamlessly, instantly for free.
Speaker 1: It's borderless. It's permissionless. Anybody in any country, anywhere in
Speaker 1: the world could download an app on their phone and
Speaker 1: instantly have bitcoin and transact with bitcoin. Not so with dollars.
Speaker 1: As I said, about two billion adults in the world
Speaker 1: have no access because they don't have permission. They'll never
Speaker 1: be able to get permission. It's borderless, it's permissionless, and
Speaker 1: it's trustless. I don't have to trust the bank not
Speaker 1: to steal my money. I don't have to trust the
Speaker 1: US government not to sanction me. I don't have to
Speaker 1: trust anybody because it's a decentralized ledger that nobody can control. Now,
Speaker 1: what about all the other twenty two thousands of cryptocurrencies, Mark,
Speaker 1: How do I know bitcoin is the right one? Well,
Speaker 1: I was just speaking at this gold conference. It wasn't
Speaker 1: a gold conference, it was it was a mining conference,
Speaker 1: and they mined more than gold, but mostly gold. And
Speaker 1: I made the case to these gold guys. I said,
Speaker 1: gold is a metal, right, it's a precious metal. There's
Speaker 1: lots of precious metals, and there's lots of other metals
Speaker 1: that aren't considered precious as well, aluminum, steel, chromali. The
Speaker 1: precious metals are palladium and platinum and silver. Right, So
Speaker 1: there's lots of precious metals, and there's not all metals
Speaker 1: or precious metals, and not all precious metals are gold.
Speaker 1: And so I could say gold is a metal, but really,
Speaker 1: when I'm talking about gold, I'm talking about gold. When
Speaker 1: I say that the central banks are buying more gold
Speaker 1: than any time in history. I'm not saying they're buying
Speaker 1: more metal. I'm saying they're buying gold. They're not buying aluminum,
Speaker 1: they're not buying silver, they're not buying nickel. They're buying gold.
Speaker 1: And so we also say that about bitcoin. Now, bitcoin
Speaker 1: is a cryptocurrency, but when we talk about bitcoin, we're
Speaker 1: not talking about cryptocurrency. We're talking about bitcoin because bitcoin
Speaker 1: is different than all twenty two thousand cryptocurrencies, just like
Speaker 1: gold is different than every form of metal out there. Now,
Speaker 1: how is gold different than all the other metals out there, Well,
Speaker 1: it has a different set of attributes. There's a different molecular, chemical,
Speaker 1: mineral makeup of gold that makes it different than all
Speaker 1: those other metals. It's also different in the fact that
Speaker 1: it's more scarce. Right, So there's different attributes that make
Speaker 1: goal different than all the other metals. Cold. It is metal,
Speaker 1: but it's not the same as all the metals. Bitcoin
Speaker 1: is a cryptocurrency, but it's not the same as any
Speaker 1: of the other cryptocurrencies because it has different attributes, because
Speaker 1: it's borderless, because it's permissionless, because it's censorship resistant, because
Speaker 1: it's scarce. There's twenty one million. There will never be
Speaker 1: more than twenty one million. But Mark, what about etherium?
Speaker 1: Ethereum is now more deflationary, really well metallic, Buterin and
Speaker 1: Joseph Lubinin, guys that control it, have changed the monetary
Speaker 1: issues like three times in the last like two years.
Speaker 1: So they change it to be whatever they want. It's
Speaker 1: not trustless. I have to trust them. I have to
Speaker 1: trust them that they're not going to change the rules,
Speaker 1: but they do all the time. How can I trust
Speaker 1: them they do it all the time. They just did it,
Speaker 1: so I have to trust them. Bitcoin is trust lists,
Speaker 1: Bitcoin is censorship resistant. It's peer to peer. I send
Speaker 1: it to you. Nobody can stop it blocking up venett
Speaker 1: but ethereum they could stop it. They just change the
Speaker 1: entire consis mechanism. All the servers sit on Amazon Web services.
Speaker 1: Amazon can just shut it off. And I'm not going
Speaker 1: to go into all that. You can do your own research.
Speaker 1: But bitcoin is different, just like gold is different than metal,
Speaker 1: and so we need to have those attributes now. One
Speaker 1: of my favorite analysts Lennold, and she says that to
Speaker 1: equate crypto with bitcoin is to misunderstand both, and it's
Speaker 1: not just her, It's not just me. Fidality, one of
Speaker 1: the largest asset managers in the world, said that quote
Speaker 1: Bitcoin is fundamentally different from any other digital asset. No
Speaker 1: other digital asset is likely to improve upon Bitcoin. That's
Speaker 1: what they said. It's secure, decentralized, sound digital money, and
Speaker 1: any improvement will necessarily face tradeoffs end quote that's from Fidelity.
Speaker 1: Any improvement will necessarily face tradeoffs. So the real revolution
Speaker 1: is decentralization. In order to improve on Bitcoin, you can't
Speaker 1: be more decentralized, which is what gives it the borderless
Speaker 1: permission list censorship resistant aspect because it's decentralized, and because
Speaker 1: you can't improve on decentralization, all the other twenty two
Speaker 1: thousand cryptocurrencies try to trade off for something else. Well,
Speaker 1: we can't be more decentralized, so let's be I don't know, faster,
Speaker 1: but to get faster you're less decentralized, which gives it
Speaker 1: the sensor to resistant nature, which is exactly what the
Speaker 1: revolution is now. Bick can already be sent faster and
Speaker 1: cheaper than any of their cryptocurrency out there, so you
Speaker 1: can't really improve on that anymore either. They try to
Speaker 1: for many years but now with lightning network, you can't
Speaker 1: do that. So what am I saying here? What I'm
Speaker 1: saying is that the world's changing and the dollar system
Speaker 1: is dying. Now. It's not going to die today, and
Speaker 1: it's not going to die this year. But it's a process,
Speaker 1: not an event. The dollar took over from the British
Speaker 1: pounds sterling one hundred years ago or nineteen forty four officially,
Speaker 1: but the British pounds sterling is still the third most
Speaker 1: used currency in the world today. So even though the
Speaker 1: pound sterling was replaced one hundred years ago, it's still
Speaker 1: the third most use And so even though the dollar
Speaker 1: is losing and it's relevance doesn't mean it just disappears
Speaker 1: and goes away. When the dollars took over the pounds darling,
Speaker 1: it was the thirty year process. The dollars losing its
Speaker 1: relevancy over thirty year process doesn't mean it goes away altogether.
Speaker 1: But also, as the world changes, you understand the problems
Speaker 1: it faces, and you understand that the solutions it needs
Speaker 1: are not going backwards back to gold. It's not that
Speaker 1: now the governments don't understand that completely, but you and
Speaker 1: I do. And what you and I want, as you
Speaker 1: know investors, is we want a couple of things. But
Speaker 1: ultimately what we're looking for is the difference or the
Speaker 1: mismatch of perception and reality. So bitcoine has been traded
Speaker 1: by Wall Street like a new you know, trade toy. Right.
Speaker 1: They love it. It's supervolatile. They love to trade it
Speaker 1: back and forth like a tech stock. But it's not
Speaker 1: a tech stock, all right, It's not that it's trading
Speaker 1: like that today. But that's not what it is. It
Speaker 1: is a revolutionary technology that can fix this massive problem.
Speaker 1: There's a mismatch perception of reality. There's also a mismatch
Speaker 1: where central banks are going back to the relic of
Speaker 1: gold thinking that can solve their problem. But it can't
Speaker 1: because the problem is that we're an information age and
Speaker 1: gold is a physical thing. I can't send it to
Speaker 1: you over the Internet. And even if I make a
Speaker 1: gold backed cryptocurrency or something like that, I would still
Speaker 1: have the exact same problem, which is I have to
Speaker 1: place trust in whoever has the ledger. Whoever has the
Speaker 1: ledger can manipulate that data or steal it from me
Speaker 1: at any time, just like the US did to Russia.
Speaker 1: So you and I have the advantage of knowing this today.
Speaker 1: You and I have the advantage of being an early
Speaker 1: adopter and writing this out. You and I have the
Speaker 1: advantage of getting in early because we spot the mismatch
Speaker 1: of perception of reality both with the people, both with
Speaker 1: Wall Street and with the sovereign nations around the world.
Speaker 1: And we know that this is going to be a
Speaker 1: long process. This isn't going to happen this year, but
Speaker 1: it's directionally happening right now. If you're just tuning in,
Speaker 1: you're listening to the Markmas Show talking about the decentralized Revolution,
Speaker 1: how the world is changing, how the money is changing,
Speaker 1: and how you need to look at things differently so
Speaker 1: you can get in front of this thing and prosper
Speaker 1: and have happiness. Hopefully you enjoyed that. Thanks so much
Speaker 1: for listening.