WEBVTT - The UAW Strike, Auto Evolution & The Rising Tide of Economic Challenges 0:00:00.120 --> 0:00:02.240 Hello, and welcome back to another episode of The Mark 0:00:02.279 --> 0:00:06.080 Mas Show. We're always talking about the decentralized revolution, looking 0:00:06.120 --> 0:00:09.440 at the world through politics, finance, and technology to find 0:00:09.480 --> 0:00:11.559 the signal through the noise. We're looking at some of 0:00:11.600 --> 0:00:14.360 the latest breaking news headlines this week, and I got 0:00:14.400 --> 0:00:16.720 some big stories that I want to cover. Man, these 0:00:17.520 --> 0:00:21.040 these stories are really so much bigger than just the 0:00:21.200 --> 0:00:23.560 actual story. And I'm going to break down some of 0:00:23.560 --> 0:00:24.960 these things that are happening in the world today. But 0:00:25.000 --> 0:00:27.920 I'm gonna bring them into context so you can understand 0:00:28.200 --> 0:00:31.600 how they're not just loan pieces. They're much much, much 0:00:31.720 --> 0:00:34.400 much bigger pieces of a much much bigger story. So 0:00:34.400 --> 0:00:38.720 we're gonna cover the autoworker strike. It is not what 0:00:38.800 --> 0:00:41.280 you think it is. It's much much bigger than that. 0:00:41.320 --> 0:00:45.040 We're gonna break that down. We're gonna look at some 0:00:45.159 --> 0:00:47.599 of the censorship pieces that was going on. I want 0:00:47.600 --> 0:00:49.640 to look at what the FED and the other central 0:00:49.640 --> 0:00:51.239 banks have just decided to do. 0:00:51.880 --> 0:00:52.920 We're gonna cover. 0:00:54.440 --> 0:00:57.040 A whole bunch of stuff I covered here. We'll break 0:00:57.080 --> 0:00:59.040 it down. You don't want to miss it, so don't 0:00:59.040 --> 0:01:01.200 tune out. But I'm gonna brea get down first by 0:01:01.240 --> 0:01:03.560 talking about what the heck is going on in the 0:01:03.720 --> 0:01:07.520 United States and Canada. What's going on in the United 0:01:07.560 --> 0:01:10.200 States and Canada. So in the US, we're starting to 0:01:10.200 --> 0:01:11.800 see a lot of signs, and I want to connect 0:01:11.800 --> 0:01:16.160 a couple dots for you here. What do automobiles have 0:01:16.360 --> 0:01:21.120 in common with food and groceries? And what is the 0:01:21.200 --> 0:01:25.400 US have in common with Canada? Well, don't worry, I'll 0:01:25.400 --> 0:01:26.280 break that down for you. 0:01:26.360 --> 0:01:29.199 So you're probably already aware, you know you could. 0:01:29.480 --> 0:01:31.440 You can go catch the news headlines anywhere, right you 0:01:31.440 --> 0:01:34.600 can just brew browse CNN or Fox or wherever you 0:01:34.600 --> 0:01:36.240 want to get your news, and you can get the 0:01:36.440 --> 0:01:38.840 news stories. But no one's going to connect the dots 0:01:38.880 --> 0:01:40.240 for you like I'm going to do right now. So 0:01:40.280 --> 0:01:43.240 what do we got going on here? We have the UAW, 0:01:43.560 --> 0:01:46.200 the United Auto Workers. They're on a big strike, as 0:01:46.200 --> 0:01:48.040 a targeted strike is a planet is going to affect 0:01:48.400 --> 0:01:51.480 all the big auto manufacturers. It began with about one 0:01:51.560 --> 0:01:53.920 hundred and forty five thousand workers walking out of three 0:01:53.960 --> 0:01:58.160 auto plants in hopes of you know, getting paid more money. Now, 0:01:58.240 --> 0:02:02.360 again that's the news. But what happened well about a 0:02:02.400 --> 0:02:05.360 decade ago, automakers were, you know, on the verge of bankruptcy. 0:02:05.400 --> 0:02:07.760 As a matter of fact, GM was going bankrupt. The 0:02:07.800 --> 0:02:10.560 government had to step in to save them. There was 0:02:10.600 --> 0:02:14.480 a big agreement to accept the contracts that no longer 0:02:14.520 --> 0:02:19.840 tied workers pay to inflation. Now, if they didn't do this, 0:02:20.000 --> 0:02:22.800 they were going to lose their job. So I guess 0:02:22.800 --> 0:02:26.440 they went ahead and just did this. Now was this 0:02:26.520 --> 0:02:28.760 a bad deal? I don't know. I'm not going to 0:02:28.840 --> 0:02:30.760 dig into that doesn't really matter at this point. But 0:02:30.800 --> 0:02:34.760 here's what matters. They didn't tie their wages to inflation, 0:02:35.040 --> 0:02:35.520 and so what. 0:02:35.480 --> 0:02:36.120 Does that mean. 0:02:36.480 --> 0:02:40.440 That means that the auto workers are losing money on 0:02:40.480 --> 0:02:42.840 a regular basis, so their pay is going up. As 0:02:42.880 --> 0:02:45.880 a matter of fact, the US autoworkers manufacturing production lines 0:02:45.919 --> 0:02:49.600 earned about twenty eight dollars per hour in average. That 0:02:49.680 --> 0:02:52.399 was in August. It's up a dollar from the previous year. 0:02:52.680 --> 0:02:56.560 So their pay went up a dollar the average autoworker. 0:02:58.600 --> 0:03:01.320 But the problem is that inflation, the cost of living 0:03:01.440 --> 0:03:04.359 went up even faster. Now, if we go back to 0:03:04.400 --> 0:03:06.480 two thousand and seven or earlier, we can see that 0:03:07.480 --> 0:03:11.040 they're making anyone had started in about two thousand and 0:03:11.040 --> 0:03:14.840 seven or earlier, which was pre this contract being agreed on. 0:03:15.760 --> 0:03:18.359 Any of those people are now making about thirty three 0:03:18.400 --> 0:03:20.040 dollars an hour on average. 0:03:20.200 --> 0:03:22.680 Now these are summaries for the Big Three. 0:03:22.800 --> 0:03:25.079 Now, like I said, these are people that worked before 0:03:25.160 --> 0:03:27.160 two thousand and seven and they were part of the 0:03:27.200 --> 0:03:30.320 lower tier, so they were earning about seventeen dollars an 0:03:30.320 --> 0:03:32.320 hour back then. Now they're making about thirty three dollars 0:03:32.320 --> 0:03:34.960 an hour, which means they've been increasing their pay by 0:03:35.000 --> 0:03:41.600 about six percent annually. But the problem is, again, inflation 0:03:41.800 --> 0:03:45.600 has been going up higher. The promise of low inflation 0:03:45.800 --> 0:03:49.280 was broken by the government, so the government got them 0:03:49.280 --> 0:03:53.280 into this deal. But because the government can't stop spending money, 0:03:53.480 --> 0:03:56.120 the Biden administration spending more money than anyone ever in history. 0:03:56.120 --> 0:03:58.280 But Trump did before him, and Obama died before him, 0:03:58.320 --> 0:03:59.200 and Bush did before him. 0:03:59.200 --> 0:04:00.200 That's just the way it goes. 0:04:00.760 --> 0:04:03.400 They're spending so much money so fast, inflation is raging 0:04:03.480 --> 0:04:07.200 so high that it's not helping these workers out. They're 0:04:07.240 --> 0:04:09.720 losing money. And these are the guys that are producing 0:04:10.000 --> 0:04:15.400 real goods and services. So while cars have been going okay, overall, 0:04:15.440 --> 0:04:16.880 the workers have been losing money. 0:04:16.920 --> 0:04:17.479 And this is the problem. 0:04:17.560 --> 0:04:20.479 So when you see wages, and not just for auto workers, 0:04:20.520 --> 0:04:23.119 for everybody has been going down even though their pay 0:04:23.200 --> 0:04:26.640 is going up. Their real wages, when adjusted for inflation, 0:04:26.800 --> 0:04:29.480 have been going down because the cost of steaks and 0:04:29.920 --> 0:04:34.000 milk and cheese and houses and gasoline and all those 0:04:34.000 --> 0:04:37.279 things are going up faster than their pay is. So 0:04:37.320 --> 0:04:40.080 when you adjust it for those things, you see that 0:04:40.120 --> 0:04:42.719 they're actually making less and less and less. All right, 0:04:44.320 --> 0:04:48.200 So that's problem number one, But we have some other problems. 0:04:48.360 --> 0:04:48.680 Now. 0:04:49.040 --> 0:04:51.720 The other problem is, like I said, what does that 0:04:51.760 --> 0:04:54.560 have to do with groceries. Well, someone that I had 0:04:54.640 --> 0:04:56.839 on my show just recently, I think it was last week, actually, 0:04:56.880 --> 0:04:59.880 Peter saint On, which, by the way, Pete and I 0:05:00.120 --> 0:05:03.480 are both speaking at the Bitcoin conference in Amsterdam coming 0:05:03.560 --> 0:05:05.680 up in just a couple of weeks. So I'm looking 0:05:05.680 --> 0:05:07.680 forward to hanging out with you, Peter. If you're listening, 0:05:07.839 --> 0:05:09.960 and anybody who's going to be in Europe are going 0:05:10.000 --> 0:05:11.200 to be in Ampsdam, I'd love to hear from me. 0:05:11.240 --> 0:05:12.760 Hit me up on social media, let me know. 0:05:13.120 --> 0:05:13.920 But anyway, he. 0:05:13.839 --> 0:05:16.039 Put out an article talking about the breakdown of what's 0:05:16.040 --> 0:05:19.200 going on with these grocery stores, specifically in Chicago. So 0:05:19.520 --> 0:05:23.640 in Chicago, the mayor announced plans for a government run 0:05:23.760 --> 0:05:29.240 grocery store. Why, well, it's the same problem that Canada's 0:05:29.240 --> 0:05:31.640 happening with their grocery stores. You see how all this 0:05:31.680 --> 0:05:34.239 is tied together. Well, how is that tied together with autoworkers. Well, 0:05:35.080 --> 0:05:37.880 it appears that the problem in Canada is the same 0:05:37.960 --> 0:05:41.320 problem in Chicago and the United States for that matter, 0:05:41.600 --> 0:05:44.839 which is that food prices are going up so fast 0:05:44.920 --> 0:05:47.960 that people can't afford to live anymore, not live the 0:05:47.960 --> 0:05:49.960 way they used to. Instead of eating steak, now they 0:05:50.000 --> 0:05:53.880 got to eat rice and beans or whatever. Right, And 0:05:53.920 --> 0:05:56.920 so in Canada it's getting hit particularly hard, much harder 0:05:56.920 --> 0:05:58.599 than the United States. But in the United States happening 0:05:58.640 --> 0:06:00.760 as well. And so you saw justin True go on 0:06:00.800 --> 0:06:02.800 the news over the last couple of weeks saying that 0:06:03.040 --> 0:06:06.919 he's going to demand that these grocery stores stop raising prices. 0:06:06.960 --> 0:06:09.799 How dare these greedy grocery. 0:06:09.320 --> 0:06:12.640 Stores sell for such high prices when people in Canada 0:06:12.720 --> 0:06:16.360 are struggling to live. That's the rally crying. That's the 0:06:16.480 --> 0:06:19.760 rally cry a communist dictator, that's what the rally cry is. Now, 0:06:20.080 --> 0:06:24.200 if these grocery stores were so greedy making all this profit, 0:06:24.520 --> 0:06:26.840 then wouldn't another grocery store just open up and charge 0:06:26.920 --> 0:06:31.920 less prices, because that's how competition works. The reason why 0:06:31.920 --> 0:06:33.960 the groceries are so expensive and people can't afford him 0:06:33.960 --> 0:06:37.880 is because of inflation, because the governments can't stop printing money, okay, 0:06:38.160 --> 0:06:40.080 so as they contin to print more money, it pushes 0:06:40.080 --> 0:06:42.120 the cost of goods and services up. In addition to 0:06:42.839 --> 0:06:44.760 particularly in Canada, but in the United States as well, 0:06:44.960 --> 0:06:48.680 the massive amounts of onerous red tape and bureaucracy that's 0:06:48.720 --> 0:06:51.280 put onto these businesses, they also push their prices up. 0:06:51.560 --> 0:06:54.599 When I have all these legal restrictions and all these 0:06:54.640 --> 0:06:56.560 forms and files, and not have to hire all these 0:06:56.560 --> 0:06:59.560 people for all these inclusions and all these diversity trainings, 0:07:00.320 --> 0:07:03.240 all these reports. It costs money to do that. And 0:07:03.279 --> 0:07:06.000 in order to make a business that actually turns the profit, 0:07:06.200 --> 0:07:08.680 I have to raise the prices of my goods and services. 0:07:08.839 --> 0:07:09.280 That's it. 0:07:09.480 --> 0:07:12.240 When the cost of my lettuce goes up and the 0:07:12.280 --> 0:07:14.560 cost of my labor goes up, I have to sell 0:07:14.600 --> 0:07:17.480 the lettuce for a profit. And that just is what 0:07:17.520 --> 0:07:21.880 it is. The governments are the ones causing the prices 0:07:21.920 --> 0:07:24.120 to go up with their red tape in bureaucracy and 0:07:24.160 --> 0:07:27.560 with their money endless money printing in bureaucracy. But Trudeau 0:07:27.560 --> 0:07:29.520 wants to come in and be the savior and say 0:07:29.600 --> 0:07:33.760 these greedy business owners, we're going to take them over. 0:07:34.120 --> 0:07:35.200 Now that might sound familiar. 0:07:35.360 --> 0:07:38.360 It's the same thing that Vladimir Lenin said in Russia, 0:07:38.480 --> 0:07:40.760 same thing that Mouse said in China, the same thing that 0:07:40.840 --> 0:07:43.000 Hitler said in Germany. And it's the same thing that 0:07:43.000 --> 0:07:45.280 Trudeau is challenged today. The government should just take it over, 0:07:45.280 --> 0:07:47.320 which is the exact same thing the Chicago marriage just said. 0:07:47.520 --> 0:07:52.200 He wants government run grocery stores because the people can't 0:07:52.240 --> 0:07:55.480 afford to pay the fees anymore sort of. Another reason 0:07:55.560 --> 0:07:58.920 is because the shoplifters continue to steal so much. So 0:07:59.000 --> 0:08:01.520 why is all this happening? How is the grocery Well, 0:08:01.560 --> 0:08:03.560 I just connected the gro stores in Chicago and the 0:08:03.640 --> 0:08:06.120 United States and Canada. But how does that What does 0:08:06.160 --> 0:08:07.840 that have to do with autos? What's the same thing. 0:08:09.560 --> 0:08:12.440 All around the world, we have this massive migrant problem 0:08:12.480 --> 0:08:15.000 going on. It's all the same thing. Because the United 0:08:15.040 --> 0:08:17.920 States is printing so much dollars. We just increased to 0:08:18.320 --> 0:08:20.880 two tillion dollars deficit Inflation in the US. 0:08:20.760 --> 0:08:23.680 Is really really bad, but because we have the reserve. 0:08:23.440 --> 0:08:25.640 Currency of the world, it's not as bad here as 0:08:25.640 --> 0:08:29.400 it is in Canada and Europe. Inflation is way worse 0:08:29.440 --> 0:08:31.560 in Canada and the UK and Canada than it is here. 0:08:32.320 --> 0:08:36.280 But those are those are top G seven countries. It's 0:08:36.320 --> 0:08:39.840 even way worse in G twenty countries. It's even way 0:08:39.880 --> 0:08:42.480 worse in the Global South. When you get into Africa 0:08:42.760 --> 0:08:45.840 and you get into South America, they're having massive famine, 0:08:47.240 --> 0:08:51.920 they're having political coups happening because the money is broken down. 0:08:52.440 --> 0:08:56.360 This is all because the governments can't quit printing money. 0:08:56.360 --> 0:08:56.760 This is it. 0:08:57.120 --> 0:09:00.000 So now you can't afford groceries in Chicago, you cantifford 0:09:00.120 --> 0:09:02.520 in Canada. You can't afford to work on the auto 0:09:02.559 --> 0:09:04.920 line anymore at an auto manufacturer. You can't afford to 0:09:04.960 --> 0:09:06.680 live in Africa, so you're going to move to Europe. 0:09:06.960 --> 0:09:10.400 And this is all because the money is broken And 0:09:10.720 --> 0:09:11.080 you know. 0:09:11.120 --> 0:09:12.400 Don't let a crisis a good waste. 0:09:12.440 --> 0:09:15.520 So by the way, let's just blame the greedy businesses 0:09:15.559 --> 0:09:18.280 and we'll just take them over and have a government 0:09:18.480 --> 0:09:24.199 run business structure, sort of like what happened in communist Russia. Yeah, 0:09:24.200 --> 0:09:25.760 something like that. If you're just tune in your listening 0:09:25.800 --> 0:09:27.319 to the Mark Mas Show, we're breaking down some of 0:09:27.320 --> 0:09:29.520 the latest breaking news headlines this week as we look 0:09:29.520 --> 0:09:32.560 at the politics, finance, and technology converging. We're back with 0:09:32.559 --> 0:09:34.440 more a minute. Don't go away, We're back, all right, 0:09:34.440 --> 0:09:35.960 Welcome back. If you just tune in, you're listening to 0:09:36.000 --> 0:09:37.360 the Mark Mas Show, we're running through some of the 0:09:37.440 --> 0:09:40.679 latest breaking news headlines this week so you can understand 0:09:40.720 --> 0:09:43.360 what is going on now Again, you can go get 0:09:43.360 --> 0:09:45.400 these news headlines from anywhere. You can turn on CNN 0:09:45.559 --> 0:09:48.680 and they'll read you the news headlines. They might mislead 0:09:48.720 --> 0:09:51.480 you or omit some key facts, but they don't explain 0:09:51.600 --> 0:09:54.160 what it is in context of what's really going on. 0:09:54.520 --> 0:09:55.920 That's what I'm trying to do here. That's what we 0:09:55.920 --> 0:09:59.400 did in this last segment and this week I'm sorry 0:09:59.760 --> 0:10:03.240 for segment. We're digging into more stories that sort of 0:10:03.320 --> 0:10:05.160 build on the theme that we just talked about. 0:10:05.200 --> 0:10:07.680 We talked about the auto workers striking. 0:10:07.720 --> 0:10:11.800 We talked about the mayor of Chicago and the President 0:10:11.840 --> 0:10:15.920 of Canada Trudeau, both went into nationalize literally nationalized takeover 0:10:16.000 --> 0:10:19.679 the grocery stores, the food industry, and all of that 0:10:19.800 --> 0:10:22.000 is because of the massive amount of money printing that's 0:10:22.000 --> 0:10:25.320 been happening. So now let's look at some other big 0:10:25.559 --> 0:10:28.240 breaking news that happened this week about the money printing. 0:10:28.280 --> 0:10:30.199 So we know the Federal Reserve, the Central Bank of 0:10:30.200 --> 0:10:34.080 the United States, the ECB, which is the European Central Bank, 0:10:34.440 --> 0:10:36.800 and then you have the BOJ which is the Bank 0:10:36.840 --> 0:10:39.440 of Japan. Those are the three largest central banks in 0:10:39.440 --> 0:10:41.520 the world. They're really the only central banks that matter. 0:10:41.600 --> 0:10:43.560 They're the tier one banks. There's a lot of other 0:10:43.600 --> 0:10:45.440 central banks, but they just don't have enough money or 0:10:45.440 --> 0:10:47.199 policy that really matter. And really the FED and the 0:10:47.240 --> 0:10:49.920 ECB are the big ones. The BOJ has been just 0:10:50.040 --> 0:10:52.840 constantly easing and buying all their bonds in the stocks, 0:10:52.880 --> 0:10:54.720 so it's like we already know what they're doing. They've 0:10:54.720 --> 0:10:57.760 never gone into a tightening, but the FED and the ECB, 0:10:58.960 --> 0:11:03.080 both with Europe, the UK and the US dealing with 0:11:03.240 --> 0:11:06.880 massive amounts of inflation, had to do something. So they 0:11:06.880 --> 0:11:10.480 decided that they would try to tighten. Tighten the monetary policy. 0:11:10.760 --> 0:11:14.640 They try to bring this loose monetary policy, slow the 0:11:14.720 --> 0:11:18.560 economy down, make people lose their jobs, make your rate 0:11:18.600 --> 0:11:21.480 of pay go down, make your stock accounts worth less money? 0:11:21.520 --> 0:11:24.200 Who stop spending money so prices can come back down. 0:11:24.240 --> 0:11:26.440 The problem is that while the FED and the ECB, 0:11:26.559 --> 0:11:29.760 while the central banks are doing that, it's not your 0:11:29.840 --> 0:11:33.600 spending that's causing the problem. It's the government. It's the treasury. 0:11:34.040 --> 0:11:37.280 The US Treasury will not stop spending money. As a 0:11:37.320 --> 0:11:40.520 matter of fact, the US deficit, meaning the amount of 0:11:40.520 --> 0:11:42.600 money they're spending over the amount of income they have 0:11:42.640 --> 0:11:49.000 coming in just hit two trillion dollars. Wow, two trillion 0:11:49.040 --> 0:11:52.120 dollars they are spending. The US government is spending now 0:11:52.280 --> 0:11:56.000 more than fifty percent more than they were spending just 0:11:56.440 --> 0:12:00.720 pre pandemic. Let's just let's say you live one hundred 0:12:00.840 --> 0:12:02.400 air now you're gonna spen one hundredy g an ayear 0:12:02.400 --> 0:12:03.800 and you're gonna borrow that fifty grand a year. 0:12:04.400 --> 0:12:05.880 Like That's basically where we're at. 0:12:05.960 --> 0:12:09.160 So the FED has been trying to tighten things, but 0:12:09.200 --> 0:12:11.840 the government it continues to spend. But here's the key 0:12:11.880 --> 0:12:14.480 piece here. Obviously, inflation hasn't been slowing down. As a 0:12:14.480 --> 0:12:16.640 matter of fact, inflation is going back up now. Inflation 0:12:16.679 --> 0:12:19.000 has caused lots of problems auto workers they can't afford 0:12:19.000 --> 0:12:21.959 to live. They're striking, which is gonna guess what make 0:12:22.000 --> 0:12:25.160 prices go up even more? Interesting enough, so they may 0:12:25.200 --> 0:12:27.320 get the pay they want. But then it pushes the 0:12:27.320 --> 0:12:29.440 cost of the cars up higher. So did they really 0:12:29.440 --> 0:12:34.160 get a pay raise. Well, they're taking more dollars home, 0:12:34.800 --> 0:12:39.319 but those dollars buy less. But what's the Fed gonna do? Well, 0:12:39.360 --> 0:12:42.680 the Fed decided they've been on this warpath of tightening. 0:12:42.360 --> 0:12:45.439 Trying to slow things down. So all eyes are on 0:12:45.480 --> 0:12:46.199 the Fed. What are they gonna do? 0:12:46.200 --> 0:12:48.160 Are they gonna hike rates again? Well, this week they 0:12:48.200 --> 0:12:51.199 decided to put a pause on it. They decide to 0:12:51.240 --> 0:12:54.640 hold interra straight steady at the five point twenty five 0:12:54.640 --> 0:12:58.360 to five point five percent range. But they said, maybe, maybe, 0:12:58.400 --> 0:13:01.160 maybe we might we might hike again. We might. We 0:13:01.200 --> 0:13:02.040 don't know, but we might. 0:13:02.600 --> 0:13:03.280 There's a chance. 0:13:03.679 --> 0:13:06.559 So here we have the most important central bank in 0:13:06.600 --> 0:13:10.600 the world. The Fed said, we might be done tightening. 0:13:11.040 --> 0:13:11.920 We might be. 0:13:12.080 --> 0:13:13.720 We're going to pause for now. We might hike in 0:13:13.720 --> 0:13:17.520 the future, but we're going to pause for now. The ECB, 0:13:17.880 --> 0:13:20.680 the second most important central bank of the world, they 0:13:20.840 --> 0:13:24.160 also decided to pause. As a matter of fact, they 0:13:24.360 --> 0:13:27.800 hiked again, but they said that they're not going to 0:13:28.840 --> 0:13:34.480 raise anymore. So we have inflation raging. The auto workers 0:13:34.520 --> 0:13:38.680 are striking, the grocery stores are being nationalized because of inflation. 0:13:38.720 --> 0:13:41.200 They're trying to slow inflation down. And here we have 0:13:41.200 --> 0:13:43.640 the two most important central banks in the world, who 0:13:43.800 --> 0:13:46.120 are a lot of the cause of this, that have 0:13:46.200 --> 0:13:49.079 been trying to stop it, are now seemingly to throw 0:13:49.120 --> 0:13:52.120 in the towel. Are they done? 0:13:52.679 --> 0:13:55.400 They're going to quit now again. 0:13:55.440 --> 0:13:58.160 The FED says they could come back, they could come 0:13:58.160 --> 0:14:00.800 back and raise rates one more time, but we don't 0:14:00.800 --> 0:14:03.600 know they're Drone Powell, the head of the Federals review 0:14:03.720 --> 0:14:06.920 some metaphor at the Wyoming meeting, like we're go saying 0:14:06.960 --> 0:14:08.720 something about we're. 0:14:08.640 --> 0:14:11.160 Navigating by the stars under the night. 0:14:11.040 --> 0:14:13.800 Sky or something like that, like we're just reading the 0:14:13.800 --> 0:14:16.920 tea leaves, like whatever. The data says, we'll do this now. 0:14:17.200 --> 0:14:21.120 If we look at the FED rate monitor tool, it 0:14:21.200 --> 0:14:24.080 says that a cut to five or five and a 0:14:24.160 --> 0:14:26.920 quarter basis points becomes the most likely scenario by June 0:14:26.960 --> 0:14:30.800 of twenty twenty four and by the November twenty twenty 0:14:30.880 --> 0:14:35.840 four meeting, which is surprisingly or i should say non surprisingly, 0:14:36.200 --> 0:14:39.400 US election time, the FED funds target will be down 0:14:39.440 --> 0:14:41.960 to four point five to four point seventy five, so 0:14:42.000 --> 0:14:46.560 potentially three cuts happening. This is what the projections are. 0:14:46.880 --> 0:14:49.000 This is sort of what the market's pricing in and 0:14:49.000 --> 0:14:51.960 what the market's betting on. So while the Fed decided 0:14:52.040 --> 0:14:56.280 to hold steady, the markets are betting. The markets are 0:14:56.320 --> 0:14:58.600 predicting that they'll be cutting by next year. Now, while 0:14:58.640 --> 0:15:05.360 that sounds good, historically, it's not so historically when the 0:15:05.400 --> 0:15:10.120 FED starts to cut, unfortunately, then a crash comes. Now 0:15:10.600 --> 0:15:14.480 it's not causation, it's the difference of correlation versus causation. 0:15:14.560 --> 0:15:18.360 In my opinion, it's correlation not causation because it's actually lagging. 0:15:18.400 --> 0:15:20.840 So what happens is the FED has been tightening, tightening, 0:15:20.920 --> 0:15:24.520 tight tight, and it has a lag effect. It takes 0:15:24.560 --> 0:15:26.480 twelve to eighteen months to really see the effects of 0:15:26.520 --> 0:15:30.120 those tightenings come through. Now, once they felt like they've 0:15:30.160 --> 0:15:32.480 done enough, or in this case, they've probably done way 0:15:32.520 --> 0:15:34.600 too much, they decide to stop. 0:15:35.280 --> 0:15:36.640 Then things start. 0:15:36.360 --> 0:15:38.480 Getting really bad and they're like. 0:15:38.480 --> 0:15:41.560 Oh crap, we went way too high. We shouldn't have 0:15:41.600 --> 0:15:46.080 gone that high. Uh quick reverse reverse, reverse. 0:15:46.000 --> 0:15:49.040 And they do but the damage is already done because 0:15:49.360 --> 0:15:51.880 this isn't like a little car that you can zip around. 0:15:51.920 --> 0:15:54.720 It's more like an aircraft carrier. You need, you know, 0:15:55.040 --> 0:15:58.440 fifty miles to turn this thing. So by the time 0:15:58.600 --> 0:16:01.280 they see this sign is coming that they went too 0:16:01.320 --> 0:16:05.080 far and they reverse course again, it takes twelve to 0:16:05.120 --> 0:16:09.480 eighteen months, and so the damage is already done. So 0:16:10.920 --> 0:16:13.440 that's that's kind of where we're at now. The markets 0:16:13.680 --> 0:16:16.840 are sort of in agreement with the Feds, you know, 0:16:16.960 --> 0:16:20.760 dot plots or basically what they're projecting as these interestrates 0:16:20.800 --> 0:16:27.440 to happen, which potentially this pause has been good. So 0:16:27.840 --> 0:16:30.000 are they going to pause and how long will they pause? 0:16:30.400 --> 0:16:32.800 And so it looks like this could potentially be good 0:16:32.880 --> 0:16:36.320 for some of the risk on assets specifically, like bitcoin 0:16:36.400 --> 0:16:40.440 is probably the most priced sensitive risk on asset, which 0:16:40.520 --> 0:16:43.240 is I mean, it's still sort of stuck in this range, 0:16:43.280 --> 0:16:44.680 but we can see, you know, it's in this twenty 0:16:44.720 --> 0:16:48.040 five twenty six thousand dollars range. But I think, you know, 0:16:48.080 --> 0:16:51.240 we're probably going to stay in this choppy market for 0:16:51.280 --> 0:16:53.240 a while until the Fed really kind of decides what's 0:16:53.280 --> 0:16:56.680 going to go on. And we're seeing that in the 0:16:56.720 --> 0:17:00.360 stock market right now. But we also, like I said, 0:17:00.400 --> 0:17:03.120 seen it with the ECB. So at what point do 0:17:03.160 --> 0:17:07.200 we have now all three central banks, the BOJ, the 0:17:08.680 --> 0:17:12.320 ECB and the FED all loosening, And my guess is 0:17:12.320 --> 0:17:14.399 probably next year. Now this is in light at the 0:17:14.440 --> 0:17:16.840 same time that the US national debt hit thirty three 0:17:17.200 --> 0:17:22.160 trillion for the first time in history, and the interest, 0:17:22.800 --> 0:17:26.520 just the interest on the national debt is almost a 0:17:26.640 --> 0:17:28.320 trillion dollars. 0:17:30.160 --> 0:17:30.680 Now. 0:17:30.760 --> 0:17:34.240 Just forty years ago the debt was only nine hundred billion. 0:17:34.240 --> 0:17:37.080 As a matter of fact, it took from the date 0:17:37.160 --> 0:17:39.240 the government was founded, if you want to look at 0:17:39.600 --> 0:17:41.080 seventy seventy six, or if you look at like when 0:17:41.080 --> 0:17:43.760 the feders created ninety thirteen, all the way to nineteen 0:17:43.840 --> 0:17:47.160 eighty one for the government to get to one trillion 0:17:47.200 --> 0:17:49.600 in debt. So it took, however, many years, hundreds of 0:17:49.680 --> 0:17:51.399 years to get to one hundred, to get to one trillion. 0:17:51.760 --> 0:17:59.600 The government just added three trillion in the last three months. Crazy, right, Crazy. 0:18:00.040 --> 0:18:01.280 Tuning in to listen to the Mark Maus Show where 0:18:01.280 --> 0:18:02.840 it run in through some of the latest breaking news 0:18:02.880 --> 0:18:04.760 headlines this week so you can understand what is going 0:18:04.800 --> 0:18:06.760 on in the world and what comes next so you 0:18:06.800 --> 0:18:09.800 can plan and prepare to save yourself, to save your family, 0:18:09.840 --> 0:18:11.760 to save your friends, and have a better future. I 0:18:11.800 --> 0:18:13.119 got a lot more to cover when I come back, 0:18:13.160 --> 0:18:14.440 but I'm going to take a very quick break. 0:18:14.480 --> 0:18:16.800 Don't go away, I'll be right back, all right, Welcome back. 0:18:16.840 --> 0:18:18.400 If you're just tuning in, you're listening to the Mark 0:18:18.440 --> 0:18:20.760 Mass Show breaking down some of the latest breaking news 0:18:20.800 --> 0:18:25.600 headlines this week. And uh, I got some big headlines 0:18:25.640 --> 0:18:28.440 this week that well, I've read through a couple of 0:18:28.440 --> 0:18:32.440 stories already that are are big and they're scary. 0:18:32.800 --> 0:18:35.280 And they mean some big things are happening. 0:18:35.440 --> 0:18:39.159 And this next story is it is really scary and 0:18:39.200 --> 0:18:41.960 it's very very telling of exactly where we are. 0:18:42.000 --> 0:18:44.080 And again, you can read the news. 0:18:43.880 --> 0:18:46.520 Headlines anywhere, but I want to tell you what they mean, 0:18:46.600 --> 0:18:48.359 and I want to bring to them. I want to 0:18:48.359 --> 0:18:50.440 bring the context. And what am I talking about here? 0:18:51.200 --> 0:18:53.600 You might have heard of Russell Brand and what's happening 0:18:53.640 --> 0:18:54.280 with him this week? 0:18:54.320 --> 0:18:54.480 Right? 0:18:54.480 --> 0:18:58.200 So Russell Brand, obviously you know a famous actor, musician. 0:18:58.440 --> 0:19:02.199 Now he's a commentator. He got to hit with some 0:19:02.200 --> 0:19:06.480 accusations this week of potential sexual misconduct a decade ago 0:19:06.640 --> 0:19:10.159 or more and he's come under massive attack. Now that 0:19:10.280 --> 0:19:13.960 might just seem like a story. You might think that 0:19:14.040 --> 0:19:15.760 he's being unfairly targeted because. 0:19:15.600 --> 0:19:16.919 Of his ideological views. 0:19:18.440 --> 0:19:21.399 But just how big and how deep does this go? 0:19:22.000 --> 0:19:23.920 And that's the part I want to bring context to 0:19:23.960 --> 0:19:27.400 you for now you have to realize what is. 0:19:27.400 --> 0:19:28.080 Going on here. 0:19:28.119 --> 0:19:32.440 First of all, So Russell Brand, like I said, famous actor, musician, 0:19:32.480 --> 0:19:36.199 whatever like look, I mean, he he was famous for 0:19:36.359 --> 0:19:39.080 being a drug addict, alcoholic and having all kinds of 0:19:39.119 --> 0:19:42.320 like wild sexual experiences. He was open about a vocal 0:19:42.359 --> 0:19:45.040 about it, I think, talked about it in books. I 0:19:45.080 --> 0:19:49.320