1 00:00:00,240 --> 00:00:02,880 Speaker 1: Hey, everyone, welcome to another episode of the Mark Mass 2 00:00:02,960 --> 00:00:06,080 Speaker 1: Show where we are talking about, of course bitcoin, we're 3 00:00:06,120 --> 00:00:09,440 Speaker 1: talking about the decentralized revolution that is happening. I'm with 4 00:00:09,480 --> 00:00:12,800 Speaker 1: you each and every week at the same time on 5 00:00:12,880 --> 00:00:15,800 Speaker 1: the same channel. So if you're not driving, if you're 6 00:00:15,800 --> 00:00:17,840 Speaker 1: not driving, if you are, you can pull over. Why 7 00:00:17,840 --> 00:00:20,280 Speaker 1: don't just grab your phone real quick, put a reminder 8 00:00:20,400 --> 00:00:22,279 Speaker 1: on your calendar to join me each and every week 9 00:00:22,320 --> 00:00:25,000 Speaker 1: at this time at this channel as I talk about 10 00:00:25,000 --> 00:00:28,160 Speaker 1: bitcoin and what is happening in this decentralized revolution where 11 00:00:28,200 --> 00:00:32,680 Speaker 1: this will be the most important, the most profitable part 12 00:00:32,680 --> 00:00:37,440 Speaker 1: of your week. We're literally witnessing technological revolution. A technological 13 00:00:37,440 --> 00:00:39,600 Speaker 1: revolution is different than just a new technology in a 14 00:00:39,640 --> 00:00:43,559 Speaker 1: sense that it doesn't just improve things, It literally changes 15 00:00:43,760 --> 00:00:47,920 Speaker 1: the course of humanity. Now, when these happened, it represents 16 00:00:48,159 --> 00:00:52,479 Speaker 1: massive opportunities or what we call wealth transfers. Wealth transfers 17 00:00:52,479 --> 00:00:54,880 Speaker 1: where it takes money from the old class of people 18 00:00:55,000 --> 00:00:57,320 Speaker 1: and moves it to the new class of people. And 19 00:00:57,400 --> 00:01:00,200 Speaker 1: this is our opportunity. Is a large wealth transfer we 20 00:01:00,240 --> 00:01:03,040 Speaker 1: will ever see in our lifetime, or multiple lifetimes for 21 00:01:03,080 --> 00:01:06,360 Speaker 1: that matter, And that is why it is so important 22 00:01:06,720 --> 00:01:09,760 Speaker 1: for you to understand bitcoin. Now, I understand bitcoin is 23 00:01:09,760 --> 00:01:11,720 Speaker 1: not easy. It's not easy, which is why you should 24 00:01:12,040 --> 00:01:14,240 Speaker 1: again in tune into meat and every week. I mean, really, 25 00:01:14,280 --> 00:01:17,959 Speaker 1: you have to understand six or eight different UM disciplines 26 00:01:18,280 --> 00:01:20,840 Speaker 1: in order to really grasp it. I mean, I've been 27 00:01:20,840 --> 00:01:22,800 Speaker 1: studying now for about seven years and I'm still trying 28 00:01:22,800 --> 00:01:24,960 Speaker 1: to figure it out. And you have to understand things 29 00:01:24,959 --> 00:01:28,000 Speaker 1: from economics and monetary history and philosophy and game theory, 30 00:01:28,520 --> 00:01:30,840 Speaker 1: UM technology, all these different things. And so that's why 31 00:01:30,840 --> 00:01:32,640 Speaker 1: it's important to kind of tune in each and every 32 00:01:32,680 --> 00:01:36,800 Speaker 1: week and keep learning, keep growing your knowledge base. And 33 00:01:36,840 --> 00:01:38,520 Speaker 1: so each and every week, I'm gonna hit you with 34 00:01:38,560 --> 00:01:40,920 Speaker 1: a bunch of different topics to really build that out. 35 00:01:42,080 --> 00:01:45,480 Speaker 1: And UM, I try to bring to you, you know, 36 00:01:45,720 --> 00:01:48,320 Speaker 1: some teachings, some education and foundation. I want to bring 37 00:01:48,320 --> 00:01:51,360 Speaker 1: to you the latest and break latest breaking news each 38 00:01:51,360 --> 00:01:53,520 Speaker 1: and every week. UM, so you're up to date on 39 00:01:53,560 --> 00:01:55,200 Speaker 1: what is happening in the force. I try to bring 40 00:01:55,200 --> 00:01:57,480 Speaker 1: some of my friends, some of the brightest people in 41 00:01:57,520 --> 00:02:00,760 Speaker 1: the space to really give you that perspective. So thanks 42 00:02:00,760 --> 00:02:02,720 Speaker 1: for tuning in to the Markma Show where we're talking 43 00:02:02,760 --> 00:02:05,320 Speaker 1: about bitcoin of course, and um, you know, for this week. 44 00:02:05,320 --> 00:02:08,280 Speaker 1: I wanted to talk about something I was just this 45 00:02:08,360 --> 00:02:11,960 Speaker 1: last weekend. I was in Houston, Texas, and I was 46 00:02:12,080 --> 00:02:14,920 Speaker 1: speaking at a conference with UH. I got to share 47 00:02:14,960 --> 00:02:18,160 Speaker 1: the stage with one of my we'll call them heroes, 48 00:02:18,480 --> 00:02:22,760 Speaker 1: UM and that's a former Congressman, Dr Ron Paul. And 49 00:02:22,840 --> 00:02:25,880 Speaker 1: Dr Ron Paul he created a movement and the movement 50 00:02:26,080 --> 00:02:27,679 Speaker 1: was based off a book that he wrote in the 51 00:02:27,760 --> 00:02:30,800 Speaker 1: year two thousand nine. And the book was titled In 52 00:02:31,520 --> 00:02:34,880 Speaker 1: the Fed. In the Fed UH, and that's short for 53 00:02:34,960 --> 00:02:37,239 Speaker 1: a Federal Reserve if you're wondering. It's a central bank 54 00:02:37,320 --> 00:02:39,760 Speaker 1: of the United States. The Federal Reserve Bank of the 55 00:02:39,840 --> 00:02:43,399 Speaker 1: United States is what creates all the money. They create 56 00:02:43,440 --> 00:02:46,320 Speaker 1: the money supply. UM, they managed the interest rates, and 57 00:02:46,400 --> 00:02:52,320 Speaker 1: through those things they manipulate, they manipulate the markets and 58 00:02:52,360 --> 00:02:55,120 Speaker 1: so uh. You know, he he wrote this book in 59 00:02:55,120 --> 00:02:56,520 Speaker 1: two thousand nine, and he was one of the first 60 00:02:56,520 --> 00:02:59,800 Speaker 1: people that I know that really brought the attention of 61 00:02:59,840 --> 00:03:02,919 Speaker 1: the world onto the Federal Reserve, to the central Bank 62 00:03:02,919 --> 00:03:06,240 Speaker 1: of the United States. Now, the Federal Reserve was created 63 00:03:06,280 --> 00:03:10,680 Speaker 1: in secrecy, UM, way way way way way back, and 64 00:03:10,880 --> 00:03:12,680 Speaker 1: about a hundred years ago in the year and really 65 00:03:12,720 --> 00:03:15,000 Speaker 1: really from like nineteen or seven to nineteen thirteen is 66 00:03:15,040 --> 00:03:17,320 Speaker 1: really when it was kind of put into um a fact. Now, 67 00:03:17,360 --> 00:03:19,800 Speaker 1: if you really want to know, which I would advise 68 00:03:19,840 --> 00:03:22,120 Speaker 1: you to do. Uh, there was an amazing book written 69 00:03:22,240 --> 00:03:25,760 Speaker 1: called The Creature from Jeko Island, and they really explain 70 00:03:25,840 --> 00:03:27,760 Speaker 1: all this and basically the story about the bankers took 71 00:03:27,760 --> 00:03:30,079 Speaker 1: over the world. Um, if that's what you really want 72 00:03:30,080 --> 00:03:32,760 Speaker 1: to know, and and uh, it's important to understand these 73 00:03:32,760 --> 00:03:35,320 Speaker 1: things because, like I said, to understand bitcoin, um, you 74 00:03:35,360 --> 00:03:37,360 Speaker 1: have to understand a lot of different things, one of 75 00:03:37,360 --> 00:03:41,640 Speaker 1: those things being monetary history. If you don't understand what 76 00:03:41,760 --> 00:03:46,120 Speaker 1: money is, or where money came from, or how money developed, 77 00:03:46,160 --> 00:03:48,080 Speaker 1: it's gonna be really hard for you to understand what 78 00:03:48,120 --> 00:03:51,320 Speaker 1: bitcoin is. Of course, you still have to understand technology 79 00:03:51,360 --> 00:03:53,600 Speaker 1: and all these other things. So it's it's a deep subject. 80 00:03:53,880 --> 00:03:55,600 Speaker 1: But one of the things that I've really tried to 81 00:03:55,640 --> 00:03:59,080 Speaker 1: focus on for the last however long I've been making content, 82 00:03:59,120 --> 00:04:01,040 Speaker 1: which is a number rever views at this point. But 83 00:04:01,200 --> 00:04:02,760 Speaker 1: one of the things that I try to focus on, 84 00:04:02,760 --> 00:04:04,960 Speaker 1: and you'll notice when you tune into meat and every week, 85 00:04:05,520 --> 00:04:10,000 Speaker 1: is that I try to focus on why why do 86 00:04:10,040 --> 00:04:11,520 Speaker 1: we need bitcoin? A lot of people will tell you 87 00:04:11,600 --> 00:04:14,560 Speaker 1: that bitcoin has no value. Um, there's no need for it, 88 00:04:14,600 --> 00:04:16,839 Speaker 1: there's no use case for it, things like that, And 89 00:04:16,880 --> 00:04:19,400 Speaker 1: so I try to focus on why why do we 90 00:04:19,440 --> 00:04:23,440 Speaker 1: need bitcoin? Why is bitcoin important? Why will bitcoin change things? Etcetera, 91 00:04:24,000 --> 00:04:26,279 Speaker 1: and so UM again, to really understand the impact of this, 92 00:04:26,320 --> 00:04:29,360 Speaker 1: you have to understand what it's here to fix. Now, 93 00:04:29,400 --> 00:04:32,760 Speaker 1: we say fix the money, fix the world. That's a 94 00:04:32,800 --> 00:04:35,240 Speaker 1: big statement. I can talk to you every single week 95 00:04:35,279 --> 00:04:38,239 Speaker 1: for for a long time covering, um, all those ways 96 00:04:38,240 --> 00:04:40,520 Speaker 1: that fixing the money can fix the world. But then 97 00:04:40,600 --> 00:04:42,440 Speaker 1: I guess to understand why fixing the money will fix 98 00:04:42,480 --> 00:04:45,440 Speaker 1: the world, just understand why money is broken, and understand 99 00:04:45,480 --> 00:04:47,160 Speaker 1: why money is broken. We have to go back to 100 00:04:47,200 --> 00:04:49,800 Speaker 1: the Federal Reserve. UM. So anyway, like I said, Ron 101 00:04:49,839 --> 00:04:52,120 Speaker 1: Paul speaking with him at the at the event this weekend, 102 00:04:52,520 --> 00:04:54,000 Speaker 1: and um, he wrote that book in the FED and 103 00:04:54,040 --> 00:04:58,000 Speaker 1: really brought a lot of attention to that, and UM, 104 00:04:58,040 --> 00:05:03,000 Speaker 1: it's kind of created an entire generation of people like 105 00:05:03,200 --> 00:05:07,240 Speaker 1: me that have become you know, empowered and want to 106 00:05:07,920 --> 00:05:11,800 Speaker 1: really start pushing this message. And so UM shout out 107 00:05:11,800 --> 00:05:15,080 Speaker 1: to Rompaul. Um he was He's a true living legend. 108 00:05:15,120 --> 00:05:18,000 Speaker 1: He's gotten old. I think he's eighty six years old now, Um, 109 00:05:18,040 --> 00:05:19,640 Speaker 1: but I can tell you that he got up on 110 00:05:19,800 --> 00:05:23,159 Speaker 1: stage and he went off for about forty five minutes 111 00:05:24,360 --> 00:05:27,359 Speaker 1: without skipping a beat. He didn't have charts, he didn't 112 00:05:27,360 --> 00:05:29,760 Speaker 1: have graphs, he didn't have notes. He's an empower point presentation. 113 00:05:29,800 --> 00:05:33,159 Speaker 1: He had nothing, and he literally just ran through his 114 00:05:33,200 --> 00:05:38,240 Speaker 1: talk for forty five minutes. Um, eighty six years old, Um. 115 00:05:38,279 --> 00:05:42,760 Speaker 1: In contrast of President Biden, who I believe is seventy 116 00:05:42,839 --> 00:05:45,480 Speaker 1: nine years old and uh barely knows where he's at 117 00:05:45,480 --> 00:05:48,200 Speaker 1: from time to time. Now, if you're just tune in and 118 00:05:48,160 --> 00:05:50,200 Speaker 1: and listen to the Mark Moa show, we're talking about bitcoin. 119 00:05:50,480 --> 00:05:53,800 Speaker 1: We're talking about the decentralized revolution that is happening, and 120 00:05:53,839 --> 00:05:58,520 Speaker 1: we are talking about why why is bitcoin important? Why 121 00:05:58,560 --> 00:06:01,240 Speaker 1: do we need bitcoin? Why in bitcoin fix things? Why 122 00:06:01,279 --> 00:06:02,960 Speaker 1: does fixing the money fixed the world? And like I said, 123 00:06:02,960 --> 00:06:05,760 Speaker 1: to understand that we have to understand the FED, the 124 00:06:05,800 --> 00:06:09,159 Speaker 1: Federal Reserve, and so again, um, talking about Ron Paul 125 00:06:09,240 --> 00:06:11,520 Speaker 1: really started this movement. But um, I went on to 126 00:06:11,560 --> 00:06:15,160 Speaker 1: say that the doctor, the doctor diagnosed the problem. So 127 00:06:15,279 --> 00:06:17,680 Speaker 1: doctor Ron Paul, he diagnosed the problem and the problem 128 00:06:17,720 --> 00:06:20,120 Speaker 1: that we have with the central bank with fooser with 129 00:06:20,120 --> 00:06:24,400 Speaker 1: with somebody anybody having a money printer, is that it 130 00:06:24,480 --> 00:06:27,640 Speaker 1: leads to a number of bad things. So for example, 131 00:06:28,680 --> 00:06:30,240 Speaker 1: some of the things that he warned us about, and 132 00:06:30,440 --> 00:06:32,440 Speaker 1: our founding fathers warned us about, what I'll talk about 133 00:06:32,440 --> 00:06:36,159 Speaker 1: a minute, um, was that the Federal Reserve or the 134 00:06:36,160 --> 00:06:39,719 Speaker 1: central bank, the ability to print money unlimited amount of 135 00:06:39,720 --> 00:06:44,920 Speaker 1: money arbitrarily, is that you get this these never ending wars. 136 00:06:45,120 --> 00:06:47,640 Speaker 1: And so really the first central bank really got started 137 00:06:47,680 --> 00:06:49,479 Speaker 1: in the Bank of England, which we'll go back and 138 00:06:49,520 --> 00:06:51,880 Speaker 1: do it a little bit um in the late and 139 00:06:51,880 --> 00:06:55,200 Speaker 1: it was created so that they could go to war. 140 00:06:55,279 --> 00:06:56,880 Speaker 1: They needed more money, so they create a central bank 141 00:06:56,920 --> 00:06:59,840 Speaker 1: to print money. Um. And when we have this unlimited 142 00:07:00,000 --> 00:07:04,719 Speaker 1: suspansion of money, what happens is through Parkinson's law. Parkinson's 143 00:07:04,760 --> 00:07:09,080 Speaker 1: law says that anything will swell to the um allocation 144 00:07:09,240 --> 00:07:12,680 Speaker 1: allotted to it. So for example time management, if you 145 00:07:12,720 --> 00:07:15,400 Speaker 1: have two weeks to get a paper done, it's gonna 146 00:07:15,440 --> 00:07:17,000 Speaker 1: take it two weeks to get the paper done. If 147 00:07:17,000 --> 00:07:18,400 Speaker 1: you have to get the paper done by tomorrow, you're 148 00:07:18,400 --> 00:07:20,880 Speaker 1: gonna get the paper done by tomorrow. Um. If you 149 00:07:21,000 --> 00:07:22,880 Speaker 1: have a tube of toothpaste, you might go through the 150 00:07:22,920 --> 00:07:25,080 Speaker 1: tube of toothpaste in two weeks, but once you get 151 00:07:25,120 --> 00:07:27,040 Speaker 1: down to the end, you could make that very last 152 00:07:27,040 --> 00:07:31,000 Speaker 1: part last for two weeks um. And so also money 153 00:07:31,120 --> 00:07:33,280 Speaker 1: is the same way. You might notice that as you 154 00:07:33,360 --> 00:07:36,680 Speaker 1: make more money in life, you just spend more money. Well, 155 00:07:37,000 --> 00:07:38,360 Speaker 1: you're not alone in that. As a matter of fact, 156 00:07:38,360 --> 00:07:40,040 Speaker 1: the government does the same thing. And so when they 157 00:07:40,040 --> 00:07:42,840 Speaker 1: have this endless amount of money and they continue to 158 00:07:42,880 --> 00:07:46,720 Speaker 1: print money at will, we get a massive expansion of 159 00:07:46,800 --> 00:07:49,920 Speaker 1: the government. Just like you personally, if you make more money, 160 00:07:49,960 --> 00:07:51,760 Speaker 1: buy a bigger house, you buy more cars, you buy 161 00:07:51,800 --> 00:07:54,960 Speaker 1: more stuff, you expand. Well, the government also does the 162 00:07:55,000 --> 00:07:59,000 Speaker 1: same thing. The problem with that is that when you 163 00:07:59,040 --> 00:08:02,000 Speaker 1: increase your ass it's you're increasing your private property, your 164 00:08:02,000 --> 00:08:06,880 Speaker 1: life energy. When the government does it, they are opposed 165 00:08:07,080 --> 00:08:12,280 Speaker 1: their exact opposite to yours and my freedom. And so 166 00:08:12,360 --> 00:08:14,320 Speaker 1: basically you can look at it like a teeter totter, 167 00:08:14,400 --> 00:08:18,120 Speaker 1: like a pendulum, and on one side you have the government, 168 00:08:19,120 --> 00:08:21,480 Speaker 1: and on the other side you have your liberty or 169 00:08:21,520 --> 00:08:25,560 Speaker 1: your freedom. And the bigger the government gets, the less 170 00:08:25,920 --> 00:08:29,680 Speaker 1: liberty you have, and the more liberty you have, the 171 00:08:29,720 --> 00:08:34,280 Speaker 1: smaller the government must get. Makes sense, the bigger they get. 172 00:08:34,280 --> 00:08:36,840 Speaker 1: The more regulations, the more people, the more laws, and 173 00:08:36,840 --> 00:08:39,480 Speaker 1: the more laws and regulations you have, the less freedom 174 00:08:39,520 --> 00:08:42,480 Speaker 1: you have. When I turned eighteen and I was able 175 00:08:42,520 --> 00:08:45,160 Speaker 1: to vote for the first time, my dad told me 176 00:08:45,200 --> 00:08:47,120 Speaker 1: one thing that I'll never forget. And I say all 177 00:08:47,160 --> 00:08:49,920 Speaker 1: the time I tell my kids, um for when they're 178 00:08:49,920 --> 00:08:52,520 Speaker 1: ready to vote. But UM, the one thing he told 179 00:08:52,520 --> 00:08:54,520 Speaker 1: me is that whenever you go to vote, always remember 180 00:08:54,520 --> 00:08:58,280 Speaker 1: this one thing he said. He said, every law, no 181 00:08:58,320 --> 00:08:59,800 Speaker 1: matter if you like it or not, whether it's good 182 00:08:59,880 --> 00:09:04,560 Speaker 1: or uh, it means less freedom. And so that's what 183 00:09:04,600 --> 00:09:07,640 Speaker 1: I mean. It's it's it's opposite of our freedom. So 184 00:09:07,640 --> 00:09:10,239 Speaker 1: as the government's growth, it's done that. It's also UM 185 00:09:10,400 --> 00:09:13,360 Speaker 1: lives against natural law. So natural law like sowing and 186 00:09:13,360 --> 00:09:17,640 Speaker 1: reaping um, the government doesn't have to produce before it 187 00:09:17,640 --> 00:09:20,800 Speaker 1: consumes UM and lots of other things. Um. You're listening 188 00:09:20,840 --> 00:09:22,839 Speaker 1: to the Mark Moa show. We're talking about bitcoin. We're 189 00:09:22,840 --> 00:09:25,680 Speaker 1: talking about the Decentralized Revolution, and today we're talking about 190 00:09:25,840 --> 00:09:28,160 Speaker 1: Dr Ron Paul, the in the FED movement and how 191 00:09:28,200 --> 00:09:33,240 Speaker 1: that leads to why bitcoin. I'm gonna explain some warnings 192 00:09:33,240 --> 00:09:35,280 Speaker 1: from our founding fathers. In a second. Don't go away 193 00:09:35,360 --> 00:09:37,520 Speaker 1: we are back. All right, welcome back. You are listening 194 00:09:37,559 --> 00:09:39,560 Speaker 1: to the Mark ma Show, and we are talking about, 195 00:09:39,720 --> 00:09:43,080 Speaker 1: of course bitcoin, Bitcoin. Each and every week we're trying 196 00:09:43,080 --> 00:09:45,880 Speaker 1: to walk you through this decentralized revolution that is happening 197 00:09:46,000 --> 00:09:48,960 Speaker 1: right now before your very eyes. That's a big subject. 198 00:09:49,000 --> 00:09:52,120 Speaker 1: It's a deep subject, and it's um, it's it's rapidly changing, 199 00:09:52,240 --> 00:09:55,400 Speaker 1: rapidly moving, and so to to really take advantage of it, 200 00:09:55,400 --> 00:09:58,720 Speaker 1: in order to be positioned properly for this revolution that's happening, 201 00:09:58,800 --> 00:10:02,000 Speaker 1: you need to understand it. And without the proper education, 202 00:10:02,080 --> 00:10:04,200 Speaker 1: you just really can't take the appropriate actions. And so 203 00:10:04,200 --> 00:10:06,080 Speaker 1: that's what I'm here for. Each and every week, I 204 00:10:06,120 --> 00:10:08,199 Speaker 1: got your back. I'm gonna bring to you the latest 205 00:10:08,440 --> 00:10:12,160 Speaker 1: breaking news, of course, the education, and then uh some amazing, 206 00:10:12,240 --> 00:10:16,439 Speaker 1: some insightful, some entertaining guests as well. Today right now, specifically, 207 00:10:16,520 --> 00:10:19,120 Speaker 1: I was talking about before the break, talking about on 208 00:10:19,160 --> 00:10:21,720 Speaker 1: this last weekend, I was speaking at a conference in Houston, 209 00:10:22,440 --> 00:10:25,920 Speaker 1: and I was getting to share the stage with doctor 210 00:10:26,040 --> 00:10:29,040 Speaker 1: Ron Paul, former Congressman Dr Ron Paul, and he he 211 00:10:29,080 --> 00:10:31,079 Speaker 1: started a movement called End the Fed back in two 212 00:10:31,120 --> 00:10:33,959 Speaker 1: thousand nine, and I was saying, why why do we 213 00:10:34,000 --> 00:10:36,120 Speaker 1: want to end the FED. Who is the FED? What 214 00:10:36,160 --> 00:10:38,640 Speaker 1: does the FED do? Etcetera. And and Uh, while you 215 00:10:38,679 --> 00:10:40,600 Speaker 1: may not at first understand what this has to do 216 00:10:40,600 --> 00:10:43,320 Speaker 1: with bitcoin, you have to understand that bitcoin is attempting 217 00:10:43,360 --> 00:10:46,760 Speaker 1: to fix the money. It's attempting to fix a broken system. Well, 218 00:10:47,080 --> 00:10:48,719 Speaker 1: if you in order to understand that, you have to 219 00:10:48,800 --> 00:10:51,440 Speaker 1: understand what the system is and what's broken about it. 220 00:10:51,720 --> 00:10:53,320 Speaker 1: And that's what we're talking about today. Like I said, 221 00:10:53,400 --> 00:10:56,240 Speaker 1: Ron Paul started that movement, and I'm here just trying 222 00:10:56,240 --> 00:10:59,160 Speaker 1: to carry the torch for him. He's eighty six years old. Um, 223 00:10:59,160 --> 00:11:02,360 Speaker 1: he's still still crazy sharp. I mean, like I said, 224 00:11:02,360 --> 00:11:03,800 Speaker 1: he got up on stage and spoke four or five 225 00:11:03,800 --> 00:11:07,280 Speaker 1: minutes about missing a beat. Um, but still we need 226 00:11:07,320 --> 00:11:09,440 Speaker 1: to carry the torch. And and he's motivated me. He's 227 00:11:09,480 --> 00:11:12,280 Speaker 1: motivated thousands of people like me, and hopefully I'm going 228 00:11:12,320 --> 00:11:14,320 Speaker 1: to motivate thousands of people like me, and we're going 229 00:11:14,360 --> 00:11:17,319 Speaker 1: to continue to expand this. Uh. One of my quotes 230 00:11:17,320 --> 00:11:20,560 Speaker 1: that I love to say is, Um, Samuel Samuel Adams, 231 00:11:20,920 --> 00:11:23,800 Speaker 1: not the beer, the one of the founding father, Sammy Adams. 232 00:11:23,800 --> 00:11:27,160 Speaker 1: You said that all it takes is for a small 233 00:11:27,679 --> 00:11:32,800 Speaker 1: tireless minority, so a small group of people, UM to 234 00:11:33,240 --> 00:11:36,800 Speaker 1: continue to light small brush fires in the minds of men. 235 00:11:37,480 --> 00:11:38,920 Speaker 1: So as what I'm trying to do Ron Paul did 236 00:11:38,960 --> 00:11:40,959 Speaker 1: to me, I'm trying to do to you. Let's keep 237 00:11:41,000 --> 00:11:43,320 Speaker 1: this thing going. But back to what the doctor diagnosed 238 00:11:43,360 --> 00:11:47,120 Speaker 1: as the problem. Um, so the government. But the ability 239 00:11:47,200 --> 00:11:52,120 Speaker 1: to print money allows the government to live against natural law. 240 00:11:52,200 --> 00:11:55,040 Speaker 1: So instead of producing before they consume, they can just 241 00:11:55,160 --> 00:11:58,040 Speaker 1: print a bunch of money and they can steal. They 242 00:11:58,160 --> 00:12:00,000 Speaker 1: use that to steal, getting more in that a minute. 243 00:12:00,440 --> 00:12:04,000 Speaker 1: And through all this endless money printing, UM, what they're 244 00:12:04,040 --> 00:12:07,200 Speaker 1: really doing is depreciating the value of all the other currency. 245 00:12:07,320 --> 00:12:09,080 Speaker 1: So all the money in your bank account and all 246 00:12:09,120 --> 00:12:10,839 Speaker 1: the money you're gonna make next week and next year, 247 00:12:11,320 --> 00:12:14,240 Speaker 1: they're stealing the purchasing power or the or the value 248 00:12:14,400 --> 00:12:17,440 Speaker 1: right out of that. Now to understand this, UM, I 249 00:12:17,480 --> 00:12:19,560 Speaker 1: always like to go back to the beginning. We'll go 250 00:12:19,559 --> 00:12:22,040 Speaker 1: back to the future. If you watch my YouTube videos, UM, 251 00:12:22,240 --> 00:12:25,080 Speaker 1: you'll know that I always try to pull this historical 252 00:12:25,160 --> 00:12:27,400 Speaker 1: narrative in. And if you don't watch my YouTube videos 253 00:12:27,440 --> 00:12:30,319 Speaker 1: then you should. You can just google Mark Moss you 254 00:12:30,360 --> 00:12:32,360 Speaker 1: will find those. But if we go back to the beginning. 255 00:12:32,440 --> 00:12:34,400 Speaker 1: We go back all the way to the founding of 256 00:12:34,440 --> 00:12:36,640 Speaker 1: the United States, and then we'll go back even further 257 00:12:36,679 --> 00:12:39,680 Speaker 1: in a second. But we were warned by our founding 258 00:12:39,800 --> 00:12:44,280 Speaker 1: fathers many many times about the dangers of having a 259 00:12:44,360 --> 00:12:47,280 Speaker 1: central bank, the dangers of what the banks would do, um, 260 00:12:47,440 --> 00:12:50,200 Speaker 1: and and even more importantly, how it was going to 261 00:12:50,480 --> 00:12:53,320 Speaker 1: affect us. And so I'll read you a quote here 262 00:12:53,320 --> 00:12:55,160 Speaker 1: that I love that I used at this talk, and 263 00:12:55,160 --> 00:12:57,440 Speaker 1: it's from Thomas Jefferson. Thomas Jefferson and a lot of 264 00:12:57,440 --> 00:12:59,520 Speaker 1: great things to say, or I should say, bad things 265 00:12:59,559 --> 00:13:01,560 Speaker 1: to say about at the bank. Um. He wasn't a 266 00:13:01,559 --> 00:13:03,679 Speaker 1: big fan of the banks. And he said, quote, if 267 00:13:03,720 --> 00:13:08,559 Speaker 1: the American people ever allow private banks to control the 268 00:13:08,640 --> 00:13:13,520 Speaker 1: issue of their currency, if they ever allow banks to 269 00:13:13,679 --> 00:13:19,640 Speaker 1: control the issue of their currency first by inflation and 270 00:13:19,720 --> 00:13:23,440 Speaker 1: then by deflation, So how do they control it? Well, 271 00:13:23,480 --> 00:13:25,679 Speaker 1: what do they control? They control the currency? Who controls it? 272 00:13:25,760 --> 00:13:28,400 Speaker 1: The banks? So who controls the banks? What do they 273 00:13:28,400 --> 00:13:31,439 Speaker 1: control the currency? How do they control it? By inflation 274 00:13:31,720 --> 00:13:34,520 Speaker 1: and then deflation? Now, unless you're living under a rock 275 00:13:34,640 --> 00:13:38,400 Speaker 1: right now, all you're hearing about on the news is inflation. 276 00:13:38,800 --> 00:13:40,640 Speaker 1: As a matter of fact, I believe it was yesterday 277 00:13:40,720 --> 00:13:44,120 Speaker 1: day before. Anyway, this week the new cp I, that's 278 00:13:44,120 --> 00:13:46,840 Speaker 1: the consumer Price Index. That's how the government measures inflation, 279 00:13:46,960 --> 00:13:48,640 Speaker 1: which is wrong. I'm gonna get to in a second, 280 00:13:49,200 --> 00:13:50,720 Speaker 1: but that's how they use They give us this this 281 00:13:50,760 --> 00:13:54,160 Speaker 1: single number, which is stupid. But anyway, to the point, Um, 282 00:13:54,360 --> 00:13:58,600 Speaker 1: they projected or they forecast or I said, sorry, not forecasted. 283 00:13:58,640 --> 00:14:01,240 Speaker 1: They told us that. Then the official number came in 284 00:14:01,240 --> 00:14:05,080 Speaker 1: at seven seven percent inflation. So that's the record. I 285 00:14:05,080 --> 00:14:08,280 Speaker 1: believe it's a four decade old record. Um, we haven't 286 00:14:08,280 --> 00:14:10,800 Speaker 1: seen prices get that high. Now. To tell you what 287 00:14:10,880 --> 00:14:13,520 Speaker 1: that means in reality, that means that the price that 288 00:14:13,600 --> 00:14:17,080 Speaker 1: the prices they track, which are wrong, but the prices 289 00:14:17,080 --> 00:14:20,600 Speaker 1: they track went up by seven percent. Um, what that 290 00:14:20,640 --> 00:14:23,960 Speaker 1: really means is that you're purchasing power went down by 291 00:14:24,080 --> 00:14:26,880 Speaker 1: seven percent. So that means your your hundred dollars now 292 00:14:26,920 --> 00:14:30,520 Speaker 1: only buys dollars worth of goods and services. To put 293 00:14:30,520 --> 00:14:33,200 Speaker 1: that into perspective for you, if we ran that out 294 00:14:33,280 --> 00:14:38,600 Speaker 1: over three years, you've lost twenty one percent of your 295 00:14:38,640 --> 00:14:41,440 Speaker 1: purchasing power. So now your thousand dollars only buys you 296 00:14:41,960 --> 00:14:44,080 Speaker 1: or you're you know whatever. Hundred dollars only buys you 297 00:14:44,640 --> 00:14:49,600 Speaker 1: um and not a calculator, but you get less um. 298 00:14:49,680 --> 00:14:52,200 Speaker 1: So anyway, the American people allow private banks to control 299 00:14:52,200 --> 00:14:56,120 Speaker 1: the issue of their currency, first by inflation and then deflation. 300 00:14:56,160 --> 00:14:58,920 Speaker 1: That's the key piece, a right inflation deflation, it says. 301 00:14:58,960 --> 00:15:02,160 Speaker 1: Then the banks in corporations that will grow up around 302 00:15:02,240 --> 00:15:05,240 Speaker 1: these banks. So the other banks and the corporations that 303 00:15:06,240 --> 00:15:11,160 Speaker 1: are around these banks, here's the keypiece, will deprive the 304 00:15:11,240 --> 00:15:17,280 Speaker 1: people of all property until their children wake up homeless 305 00:15:17,840 --> 00:15:20,800 Speaker 1: on the continent their fathers conquered end quote. So as 306 00:15:20,840 --> 00:15:23,440 Speaker 1: that's Thomas Jefferson. He warned us the banks would control 307 00:15:23,480 --> 00:15:25,880 Speaker 1: the currency by inflation deflation, and they would deprive us 308 00:15:25,920 --> 00:15:29,560 Speaker 1: of all property on the continent our father's conquered. So 309 00:15:30,120 --> 00:15:34,120 Speaker 1: let me tell you how the Federal Reserve uses inflation 310 00:15:34,160 --> 00:15:37,040 Speaker 1: and deflation in order to do that, exactly what Thomas 311 00:15:37,120 --> 00:15:39,680 Speaker 1: Jefferson warned us of doing. Um. And so, like I said, 312 00:15:39,680 --> 00:15:41,880 Speaker 1: you hear about this inflation deflation, but you probably don't 313 00:15:41,960 --> 00:15:45,360 Speaker 1: understand it. And so let me explain that to you. Now, 314 00:15:45,400 --> 00:15:48,280 Speaker 1: like I said, if we go back to the beginning, Um, 315 00:15:48,360 --> 00:15:51,400 Speaker 1: the first central bank really that was created was the 316 00:15:51,400 --> 00:15:54,120 Speaker 1: Bank of England and that was in sixteen forty nine. 317 00:15:54,640 --> 00:15:56,600 Speaker 1: And again at the at the time, the Bank of 318 00:15:56,640 --> 00:15:59,560 Speaker 1: England was at war there at war with France, and 319 00:15:59,600 --> 00:16:03,160 Speaker 1: they it didn't have enough money. Imagine that. So typically 320 00:16:03,200 --> 00:16:06,040 Speaker 1: wars would end. Wars would end when people ran out 321 00:16:06,040 --> 00:16:08,920 Speaker 1: of money and a nation would actually really think about 322 00:16:08,960 --> 00:16:10,560 Speaker 1: going to war first because they didn't know if they 323 00:16:10,560 --> 00:16:11,800 Speaker 1: had the money, and so they have to go Do 324 00:16:11,840 --> 00:16:13,560 Speaker 1: I have enough money to go to war? And is 325 00:16:13,600 --> 00:16:17,280 Speaker 1: it worth me spending all my money to go to war? 326 00:16:17,640 --> 00:16:20,160 Speaker 1: Of course the answer is usually no, which is why 327 00:16:20,200 --> 00:16:21,960 Speaker 1: we didn't have a lot of war. And if it 328 00:16:22,000 --> 00:16:23,160 Speaker 1: was going to go to war, it was only a 329 00:16:23,240 --> 00:16:24,920 Speaker 1: very serious thing. And then, like I said, wars would 330 00:16:24,920 --> 00:16:27,800 Speaker 1: typically end pretty quickly. But basically the banking thing, they 331 00:16:27,800 --> 00:16:29,080 Speaker 1: want to go to war with France. They didn't have 332 00:16:29,160 --> 00:16:31,400 Speaker 1: enough money. So the bankers at the time, the countries 333 00:16:31,440 --> 00:16:34,440 Speaker 1: would always borrow money from the bankers, and they had 334 00:16:34,440 --> 00:16:36,680 Speaker 1: borrow money from these rich people, and they went to 335 00:16:36,680 --> 00:16:38,320 Speaker 1: these bankers and said, hey, we need to borrow money. 336 00:16:38,360 --> 00:16:40,200 Speaker 1: We want to go to war. And the bankers came 337 00:16:40,240 --> 00:16:41,840 Speaker 1: up with a plan and they said, hey, check it out. 338 00:16:41,880 --> 00:16:44,640 Speaker 1: We have an idea. Um here's what we'll do. We're 339 00:16:44,680 --> 00:16:47,720 Speaker 1: going to loan you as much money as you want 340 00:16:47,760 --> 00:16:50,760 Speaker 1: to go to war. But of course there's a butt. 341 00:16:51,080 --> 00:16:54,160 Speaker 1: But what we need is we're going to establish a bank, 342 00:16:54,720 --> 00:16:58,200 Speaker 1: and in that bank, we're going to create our own currency. 343 00:16:58,320 --> 00:17:01,520 Speaker 1: And if you make that legal for us to do that, 344 00:17:01,680 --> 00:17:05,360 Speaker 1: and you tell all the people of England that our 345 00:17:05,520 --> 00:17:08,720 Speaker 1: currency is the new currency to be used, if you 346 00:17:08,840 --> 00:17:12,000 Speaker 1: do that, then we're going to go ahead and give 347 00:17:12,040 --> 00:17:14,200 Speaker 1: you as much of that new currency as you want 348 00:17:14,200 --> 00:17:18,200 Speaker 1: so you can go fight these wars. Pretty crazy, right, 349 00:17:18,720 --> 00:17:21,040 Speaker 1: I mean, shoot, who wouldn't want to do that? So, um, 350 00:17:21,080 --> 00:17:22,480 Speaker 1: if you tell everybody you've got to use my fake 351 00:17:22,520 --> 00:17:24,120 Speaker 1: money that I print out of thin air, then I'll 352 00:17:24,119 --> 00:17:26,000 Speaker 1: give you as much of it as you want. And 353 00:17:26,040 --> 00:17:28,760 Speaker 1: that's the deal that was made. Um. Then they try 354 00:17:28,800 --> 00:17:32,040 Speaker 1: to get their tentacles into the United States. We had 355 00:17:32,080 --> 00:17:33,520 Speaker 1: the first and second Bank of the U s from 356 00:17:33,560 --> 00:17:36,920 Speaker 1: s thirty six. We went to this period of free 357 00:17:36,920 --> 00:17:39,680 Speaker 1: banking from eighteen thirty seven to eighteen sixty three, which 358 00:17:39,720 --> 00:17:43,040 Speaker 1: was kind of free markets. We saw the central bank 359 00:17:43,080 --> 00:17:45,280 Speaker 1: come back in eighteen sixty three to nineteen o seven, 360 00:17:45,520 --> 00:17:50,800 Speaker 1: and that's where things got off. The rails. That's where 361 00:17:50,800 --> 00:17:52,760 Speaker 1: things that's where the money really broke. Now you listen 362 00:17:52,840 --> 00:17:54,760 Speaker 1: to the markmas Show, we're talking about bitcoin, we're talking 363 00:17:54,760 --> 00:17:58,960 Speaker 1: about the decentralized revolution. We're specifically talking about bitcoin fixing 364 00:17:58,960 --> 00:18:01,919 Speaker 1: the money. But why the money broken? It's because of 365 00:18:01,960 --> 00:18:04,600 Speaker 1: the FED, the central bank. Ron Paul started the movement 366 00:18:04,640 --> 00:18:07,720 Speaker 1: and the Fed. And I am letting you know why 367 00:18:08,000 --> 00:18:10,080 Speaker 1: the Fed has broken the money. I'll be right back. 368 00:18:10,200 --> 00:18:12,880 Speaker 1: Don't go away. I'm gonna explain to inflation and deflation 369 00:18:12,920 --> 00:18:15,520 Speaker 1: next we're back. All right, welcome back. You are listening 370 00:18:15,520 --> 00:18:18,080 Speaker 1: to the Mark Moa Show, and we're talking about bitcoin. 371 00:18:19,080 --> 00:18:20,840 Speaker 1: Each and every week we're talking about bick when we're 372 00:18:20,840 --> 00:18:24,879 Speaker 1: talking about the decentralized revolution. And today, at this moment, 373 00:18:24,960 --> 00:18:28,480 Speaker 1: right now, I'm explaining to you why why bitcoin? Why 374 00:18:28,520 --> 00:18:30,680 Speaker 1: does it matter? Why do we need to fix the money? Well, 375 00:18:30,680 --> 00:18:32,320 Speaker 1: what's wrong with the money in the first place? Who 376 00:18:32,359 --> 00:18:34,880 Speaker 1: broke the money? And it all boils down to the 377 00:18:34,920 --> 00:18:37,560 Speaker 1: FED and so or the central banks, so we'll call 378 00:18:37,600 --> 00:18:39,960 Speaker 1: it them. And so anyway, um I was explaining that 379 00:18:40,040 --> 00:18:42,200 Speaker 1: I was speaking at a conference with Ron Paul, and 380 00:18:42,359 --> 00:18:45,000 Speaker 1: um I read to you a quote from Thomas Jefferson 381 00:18:45,000 --> 00:18:46,479 Speaker 1: one of the founding fathers, and he said that if 382 00:18:46,480 --> 00:18:49,399 Speaker 1: the American people ever allow private banks to control the 383 00:18:49,440 --> 00:18:54,320 Speaker 1: issue of their currency first by inflation and then deflation, um, 384 00:18:54,400 --> 00:18:56,640 Speaker 1: then they'll the pride people of all property. So how 385 00:18:56,640 --> 00:18:58,680 Speaker 1: do they use inflation and deflation? Well, the first thing 386 00:18:58,720 --> 00:19:01,520 Speaker 1: is that understanding inflation is very difficult subject. And so 387 00:19:01,560 --> 00:19:03,880 Speaker 1: what happens is, um, the Fed puts out this number, 388 00:19:03,920 --> 00:19:07,120 Speaker 1: the c p I Consumer Price Index, or we can 389 00:19:07,119 --> 00:19:10,560 Speaker 1: call it cp LIE because they're basically lying about the numbers. 390 00:19:10,680 --> 00:19:12,760 Speaker 1: But the problem is that they're trying to boil down 391 00:19:12,840 --> 00:19:16,520 Speaker 1: inflation into a single number, and you can't do that. UM. 392 00:19:16,560 --> 00:19:19,320 Speaker 1: So if I was trying to measure the wind drag 393 00:19:19,440 --> 00:19:22,320 Speaker 1: across the jet plane, I can't do that with arithmetic. 394 00:19:22,440 --> 00:19:24,600 Speaker 1: Nor can I boil that down to one number. No, 395 00:19:24,800 --> 00:19:28,439 Speaker 1: it requires algebra, cures, physics, all these different things to 396 00:19:28,440 --> 00:19:32,240 Speaker 1: do that. And to measure the inflation in the economy 397 00:19:32,600 --> 00:19:37,119 Speaker 1: is also equally or probably way more difficult. There's trillions 398 00:19:37,160 --> 00:19:40,439 Speaker 1: of inputs, there's billions of people that make into this, 399 00:19:40,600 --> 00:19:43,639 Speaker 1: make up this, and it affects us all differently. So 400 00:19:43,720 --> 00:19:46,040 Speaker 1: if I drove to Alaska and look at the northern 401 00:19:46,119 --> 00:19:48,680 Speaker 1: lights and I drove back and he said, hey, Mark, Mark, 402 00:19:48,880 --> 00:19:50,560 Speaker 1: how how was the Northern lights? And I said, oh, 403 00:19:50,600 --> 00:19:54,080 Speaker 1: it was really cool. That would do nothing to explain 404 00:19:54,200 --> 00:19:56,760 Speaker 1: to you what I saw. And so trying to explain 405 00:19:56,800 --> 00:19:59,639 Speaker 1: inflation the single number is not going to work. Um, 406 00:19:59,680 --> 00:20:02,679 Speaker 1: if I'm trying to buy a house in Austin, Texas, 407 00:20:02,800 --> 00:20:04,560 Speaker 1: it's way different than trying to buy a house in 408 00:20:05,240 --> 00:20:07,600 Speaker 1: Kansas City. So the inflation is different for me. If 409 00:20:07,600 --> 00:20:09,119 Speaker 1: I'm not trying to buy a house at all, that 410 00:20:09,200 --> 00:20:11,240 Speaker 1: inflation is even different from me if I live in 411 00:20:11,280 --> 00:20:13,159 Speaker 1: If I live in my parents basement and watch Netflix 412 00:20:13,160 --> 00:20:15,480 Speaker 1: all day, inflation doesn't really bother me, and so it 413 00:20:15,520 --> 00:20:18,800 Speaker 1: affects itself differently. The easy way to look at this 414 00:20:19,320 --> 00:20:22,560 Speaker 1: is the is what is it that actually inflates? It's 415 00:20:22,600 --> 00:20:26,280 Speaker 1: the money supply. So inflation, like a balloon, means I'm 416 00:20:26,359 --> 00:20:30,119 Speaker 1: increasing the volume of the air in the balloon, right, 417 00:20:30,119 --> 00:20:33,119 Speaker 1: I'm inflating. I'm increasing the volume of the air, And 418 00:20:33,200 --> 00:20:37,680 Speaker 1: so inflation means the money supply is increasing the So 419 00:20:37,840 --> 00:20:43,520 Speaker 1: inflation is the increase in the money supply. Prices. Prices 420 00:20:43,560 --> 00:20:46,600 Speaker 1: go up, but they don't increase in volume, right as 421 00:20:46,600 --> 00:20:49,800 Speaker 1: the price is just a signal. So that so inflation 422 00:20:49,840 --> 00:20:53,880 Speaker 1: doesn't actually work. That's not what it's meant to measure prices. 423 00:20:54,119 --> 00:20:56,439 Speaker 1: Inflation is the money supply. So when the price of 424 00:20:56,440 --> 00:20:59,399 Speaker 1: money goes up, then prices start to change. Now it 425 00:21:00,000 --> 00:21:02,680 Speaker 1: afects them all differently. Some prices go out more than 426 00:21:02,720 --> 00:21:06,720 Speaker 1: others based off scarcity, demand and things like that. And 427 00:21:06,760 --> 00:21:09,520 Speaker 1: then it starts getting really crazy because um, let's say 428 00:21:09,560 --> 00:21:12,240 Speaker 1: the prices of things go up, and then that could 429 00:21:12,280 --> 00:21:15,320 Speaker 1: affect um the supply demand metrics. So now a sudden 430 00:21:15,359 --> 00:21:18,200 Speaker 1: supply chain start breaking down, and the supply chain start 431 00:21:18,200 --> 00:21:20,840 Speaker 1: breaking down because people can't get paid enough, they can't 432 00:21:20,840 --> 00:21:22,840 Speaker 1: afford the gas that they can't afford to build new 433 00:21:22,880 --> 00:21:25,280 Speaker 1: factories to get more products shipped out, et cetera. And 434 00:21:25,320 --> 00:21:27,840 Speaker 1: that increases the prices even more. There's a there's a 435 00:21:27,840 --> 00:21:30,760 Speaker 1: trillion reasons why prices could go up. The thing you 436 00:21:30,840 --> 00:21:32,760 Speaker 1: just have to know real simply is when the money 437 00:21:32,800 --> 00:21:36,840 Speaker 1: supply increases. Remember what was Thomas Jefferson's warning to us. 438 00:21:36,880 --> 00:21:40,080 Speaker 1: He said that they would steal from us first by 439 00:21:40,160 --> 00:21:45,040 Speaker 1: inflation than deflation. Okay, so basically they increase the money supply. 440 00:21:45,080 --> 00:21:50,000 Speaker 1: When they increase the money supply, it signals to us 441 00:21:50,680 --> 00:21:54,800 Speaker 1: that things are good. It signals to us that there's 442 00:21:54,840 --> 00:21:57,760 Speaker 1: more consumption going on. I should increase my business, I 443 00:21:57,800 --> 00:22:01,879 Speaker 1: should expand things like that. Um, there's one other aspect 444 00:22:01,920 --> 00:22:04,159 Speaker 1: to it, and that is the inflation rate. So the 445 00:22:04,160 --> 00:22:06,560 Speaker 1: Federal Reserve, the Central Bank, not only do they increase 446 00:22:06,640 --> 00:22:11,160 Speaker 1: the money supply, they also adjust the interest rate. Now 447 00:22:11,160 --> 00:22:13,800 Speaker 1: this is a key piece because the interest rate is 448 00:22:13,840 --> 00:22:17,600 Speaker 1: what tells me as an entrepreneur, what the rate is 449 00:22:17,640 --> 00:22:20,480 Speaker 1: to buy money. What does that mean? How do you 450 00:22:20,520 --> 00:22:23,720 Speaker 1: buy money? Well, if I want to buy a house, 451 00:22:23,960 --> 00:22:25,280 Speaker 1: I don't want to put up all the money, so 452 00:22:25,320 --> 00:22:27,479 Speaker 1: someone will loan me the money. I'm gonna pay that 453 00:22:27,520 --> 00:22:31,520 Speaker 1: money back in the future. The cost for me to 454 00:22:31,560 --> 00:22:33,879 Speaker 1: take the money today and pay it back later is 455 00:22:33,920 --> 00:22:36,919 Speaker 1: the interest rate, and that should be set by supply 456 00:22:36,960 --> 00:22:40,200 Speaker 1: and demand. So if there's more people trying to loan money, 457 00:22:40,240 --> 00:22:43,840 Speaker 1: then there are people trying to borrow, then the rates 458 00:22:43,840 --> 00:22:45,879 Speaker 1: should go down. If there's more people trying to borrow, 459 00:22:45,920 --> 00:22:48,360 Speaker 1: then there are people lending, the rate would go up. 460 00:22:48,840 --> 00:22:51,479 Speaker 1: And this is an important piece because that's what I 461 00:22:51,640 --> 00:22:56,639 Speaker 1: used to base my decisions on. Price is truth, Okay, 462 00:22:56,760 --> 00:22:59,159 Speaker 1: price is truth that takes all this information, aggregates it 463 00:22:59,160 --> 00:23:02,040 Speaker 1: and puts it together. The problem is that when the 464 00:23:02,160 --> 00:23:09,000 Speaker 1: Fed artificially lowers the rates and artificially changes the money supply, 465 00:23:09,520 --> 00:23:12,160 Speaker 1: it distorts the signal. And so now, as an entrepreneur, 466 00:23:12,440 --> 00:23:17,520 Speaker 1: I am using faulty information. So I think that the 467 00:23:17,560 --> 00:23:20,320 Speaker 1: interest rate is good. That means that people are saving more, 468 00:23:20,640 --> 00:23:23,080 Speaker 1: there's more capital to be deployed, and so that means 469 00:23:23,080 --> 00:23:25,879 Speaker 1: there's probably more people that have capital to buy my products. 470 00:23:26,040 --> 00:23:27,800 Speaker 1: So it's a good idea for me to go into 471 00:23:27,840 --> 00:23:30,280 Speaker 1: this business right now. But that could be completely false. 472 00:23:31,440 --> 00:23:33,720 Speaker 1: I used bad information. I used the price, and I 473 00:23:33,800 --> 00:23:36,840 Speaker 1: use the interest rates. But it's being distorted by the FED. 474 00:23:37,600 --> 00:23:40,399 Speaker 1: That makes sense. It's not being done from a free market. 475 00:23:42,280 --> 00:23:46,080 Speaker 1: And to add onto this, remember back to Thomas Jefferson's quote. 476 00:23:46,320 --> 00:23:48,840 Speaker 1: He said that they would do it first through inflation 477 00:23:49,119 --> 00:23:52,880 Speaker 1: and then deflation. All right, so think about this. Over 478 00:23:52,920 --> 00:23:57,280 Speaker 1: the last two years, there's been nine trillion dollars in 479 00:23:57,400 --> 00:24:01,040 Speaker 1: stimulus injections. So the FED, the Central banking States, UM 480 00:24:01,080 --> 00:24:04,720 Speaker 1: and the and the government has pumped in nine trillion dollars. 481 00:24:04,720 --> 00:24:08,440 Speaker 1: It's about two centuries, two hundred years of money creation 482 00:24:08,560 --> 00:24:12,200 Speaker 1: has happened in the last like two years. So they injected, 483 00:24:12,240 --> 00:24:14,720 Speaker 1: they pumped it up, they increased the money supply, which 484 00:24:14,760 --> 00:24:17,160 Speaker 1: is of course made people go buy homes, and homes 485 00:24:17,200 --> 00:24:22,960 Speaker 1: are up and um used cars were upteent and stakes 486 00:24:23,000 --> 00:24:27,000 Speaker 1: and gases up, um supply chains are breaking down. Business 487 00:24:27,080 --> 00:24:29,480 Speaker 1: is booming, right, all this money is slashed around the 488 00:24:29,480 --> 00:24:32,879 Speaker 1: system because of course they just injected nine trillion dollars, 489 00:24:32,880 --> 00:24:36,080 Speaker 1: so boom. Everybody's booming, and everybody's growing, everyone's buying new cars, 490 00:24:36,080 --> 00:24:39,320 Speaker 1: everyone's adding new businesses and all these things. The economy soaring. 491 00:24:40,040 --> 00:24:43,040 Speaker 1: Oh oh oh shoot, now now now it's going too good, 492 00:24:43,480 --> 00:24:45,199 Speaker 1: too much inflation. So then what do they do. They 493 00:24:45,240 --> 00:24:48,760 Speaker 1: come in deflate, They come and suck the money out. 494 00:24:49,160 --> 00:24:50,840 Speaker 1: So now we just saw in the last week the 495 00:24:50,920 --> 00:24:53,960 Speaker 1: Fed is now said that they're going to take instead 496 00:24:53,960 --> 00:24:57,400 Speaker 1: of injecting money, they're gonna completely cut that off and 497 00:24:57,880 --> 00:25:03,080 Speaker 1: they're going to increase in straits. So first they dump 498 00:25:03,080 --> 00:25:04,800 Speaker 1: a bunch of money in and lower the rates, so 499 00:25:04,840 --> 00:25:09,520 Speaker 1: it creates all this activity artificially fake, and then they 500 00:25:09,560 --> 00:25:12,760 Speaker 1: just go suck it all out and crash everybody. Now 501 00:25:13,040 --> 00:25:14,840 Speaker 1: you know it's not good for you or me if 502 00:25:14,880 --> 00:25:18,920 Speaker 1: we've acted on that information. So business was booming. I 503 00:25:18,920 --> 00:25:20,400 Speaker 1: couldn't keep up with it. So I went and bought 504 00:25:20,440 --> 00:25:23,840 Speaker 1: some new trucks for my for my office. I took 505 00:25:23,880 --> 00:25:26,439 Speaker 1: over the office next door. I hired contractors, and I 506 00:25:26,520 --> 00:25:29,040 Speaker 1: built that out to expand my restaurant or my shop 507 00:25:29,119 --> 00:25:31,119 Speaker 1: or whatever it may be. You know, I took on 508 00:25:31,200 --> 00:25:34,200 Speaker 1: new loans because I wanted to get this new equipment 509 00:25:34,320 --> 00:25:36,840 Speaker 1: or new shop or new um whatever in order to 510 00:25:36,920 --> 00:25:40,760 Speaker 1: expand because the economy is booming right. Well, no, it's fake. 511 00:25:41,040 --> 00:25:44,280 Speaker 1: It was only booming because they artificially put the money in. 512 00:25:44,720 --> 00:25:46,399 Speaker 1: And the problem is, I don't know when they're going 513 00:25:46,440 --> 00:25:49,760 Speaker 1: to artificially pull the money back out, and so they 514 00:25:49,800 --> 00:25:53,240 Speaker 1: just decided to do that. And now all of those me, you, etcetera. 515 00:25:53,320 --> 00:25:56,000 Speaker 1: Everyone who's acted on those principles, and we've decided to 516 00:25:56,000 --> 00:26:00,560 Speaker 1: expand or grow our business on fake information. Now we 517 00:26:00,560 --> 00:26:03,760 Speaker 1: get crashed, and it's no fault of yours. I feel 518 00:26:03,800 --> 00:26:05,639 Speaker 1: bad for for me, I feel bad for you. I 519 00:26:05,640 --> 00:26:08,320 Speaker 1: feel bad for everybody. We're doing the best we can. 520 00:26:09,960 --> 00:26:12,439 Speaker 1: You see that things are going, and if you don't 521 00:26:12,600 --> 00:26:15,560 Speaker 1: build that business, if you don't invest, you get left 522 00:26:15,560 --> 00:26:17,960 Speaker 1: behind because they're printing so much money. Is creating all 523 00:26:17,960 --> 00:26:20,920 Speaker 1: this inflation. You have to do something, so you do 524 00:26:21,040 --> 00:26:23,640 Speaker 1: the best that you can. You risk your life savings, 525 00:26:23,640 --> 00:26:27,960 Speaker 1: you risk your family savings, You work crazy hours, all 526 00:26:28,040 --> 00:26:31,160 Speaker 1: this time and effort and risk that you put into 527 00:26:31,200 --> 00:26:34,480 Speaker 1: it just for them to artificially suck the money right 528 00:26:34,480 --> 00:26:36,320 Speaker 1: back out. And of course you're not privy to know 529 00:26:36,320 --> 00:26:38,840 Speaker 1: when that is. That neither am I. And that's why 530 00:26:39,160 --> 00:26:42,320 Speaker 1: Thomas Jefferson warned that they would steal from us first 531 00:26:42,320 --> 00:26:46,320 Speaker 1: by inflation and then deflation. Um, what the news tells 532 00:26:46,320 --> 00:26:48,760 Speaker 1: you is that this is like a this this phenomenon, 533 00:26:48,800 --> 00:26:51,200 Speaker 1: and they're trying to fight it, right, They're trying to 534 00:26:51,320 --> 00:26:54,560 Speaker 1: fight inflation, They're trying to fight deflation. I want to 535 00:26:54,600 --> 00:26:58,400 Speaker 1: prevent it from happening. No, no, no, no, no no no. 536 00:26:58,880 --> 00:27:03,719 Speaker 1: They create it. Remember, Inflation is the increase of the 537 00:27:03,800 --> 00:27:09,040 Speaker 1: money supply. Deflation is deflating the money supply. So whenever 538 00:27:09,080 --> 00:27:11,120 Speaker 1: you hear them saying they're trying to fight it, they're 539 00:27:11,119 --> 00:27:13,959 Speaker 1: trying to protect you from it. No, that's not how 540 00:27:13,960 --> 00:27:17,439 Speaker 1: it works. They are causing it all right. Now. What 541 00:27:17,480 --> 00:27:19,480 Speaker 1: a lot of people don't take into consideration is what 542 00:27:19,600 --> 00:27:24,400 Speaker 1: are the societal impacts of this happening. So remember, we're 543 00:27:24,400 --> 00:27:27,320 Speaker 1: fixing the money. We're gonna fix the world. But what's broken, Well, 544 00:27:27,720 --> 00:27:29,919 Speaker 1: society has falling apart, and a lot of people think 545 00:27:29,960 --> 00:27:31,960 Speaker 1: it might just be because people are crazy these days. 546 00:27:31,960 --> 00:27:35,320 Speaker 1: But what you might not realize, it's actually all because 547 00:27:35,359 --> 00:27:38,359 Speaker 1: of the money. I'm gonna break down. I got nine 548 00:27:38,560 --> 00:27:40,159 Speaker 1: different metrics I'm gonna give to you as soon as 549 00:27:40,160 --> 00:27:41,919 Speaker 1: you get back. I'm gonna show you exactly how the 550 00:27:41,920 --> 00:27:44,320 Speaker 1: money supplies breaking down society. You listen to the Mark 551 00:27:44,320 --> 00:27:46,800 Speaker 1: Moa show about bitcoin, don't go away? All right, welcome back. 552 00:27:46,840 --> 00:27:49,160 Speaker 1: You're listening to the markma Show. We're talking about bitcoin, 553 00:27:49,440 --> 00:27:53,080 Speaker 1: We're talking about the decentralized revolution, and today, right now 554 00:27:53,160 --> 00:27:57,440 Speaker 1: I'm focusing on why why bitcoin? Bitcoin? You know, we 555 00:27:57,520 --> 00:27:59,840 Speaker 1: talked about bitcoin is better money. If you fix the money, 556 00:27:59,840 --> 00:28:02,199 Speaker 1: we've fixed the world. What's wrong with the world, and 557 00:28:02,240 --> 00:28:05,359 Speaker 1: more importantly, what's wrong with the money? And uh, would 558 00:28:05,359 --> 00:28:07,919 Speaker 1: you believe me if I told you that it was 559 00:28:08,080 --> 00:28:11,639 Speaker 1: the money that broke the world. Well, that's exactly what 560 00:28:11,680 --> 00:28:13,680 Speaker 1: I'm telling you. And so I'm not gonna go back 561 00:28:13,680 --> 00:28:15,920 Speaker 1: and recap everything that I've said before. But Thomas Jefferson 562 00:28:15,920 --> 00:28:18,480 Speaker 1: warned us one of the founding fathers of the United 563 00:28:18,520 --> 00:28:21,440 Speaker 1: States warned us at the banks would use inflation and 564 00:28:21,520 --> 00:28:24,359 Speaker 1: deflation to steal from us. And so I just talked 565 00:28:24,359 --> 00:28:27,640 Speaker 1: about how they inflate, inflate the money supply by injecting, 566 00:28:27,840 --> 00:28:29,720 Speaker 1: you know, nine shillion dollars of the last twenty months, 567 00:28:30,880 --> 00:28:33,400 Speaker 1: and then they deflated and then they suck the money 568 00:28:33,440 --> 00:28:36,000 Speaker 1: back out. And what happens is, uh, let me just 569 00:28:36,040 --> 00:28:38,320 Speaker 1: look at the housing boom busts of two thousand eight. 570 00:28:38,560 --> 00:28:40,680 Speaker 1: So they inject all this money into the into the 571 00:28:40,680 --> 00:28:42,560 Speaker 1: mortgage industry, and it causes people to go buy a 572 00:28:42,560 --> 00:28:45,479 Speaker 1: bunch of homes. And what happens is humans are very basic, 573 00:28:45,560 --> 00:28:48,040 Speaker 1: and you rush towards pleasure and you run from pain. 574 00:28:48,080 --> 00:28:51,400 Speaker 1: And so as home prices are going higher, higher, higher higher, 575 00:28:51,600 --> 00:28:53,920 Speaker 1: or stocks are going higher higher, everybody starts coming in. 576 00:28:54,000 --> 00:28:55,480 Speaker 1: And the more people to come in, the more it 577 00:28:55,480 --> 00:28:58,960 Speaker 1: goes up. More people sucked in. Eventually everybody gets sucked 578 00:28:58,960 --> 00:29:03,040 Speaker 1: in at the top, and then prices crash, so everyone 579 00:29:03,080 --> 00:29:06,280 Speaker 1: bought at the top, prices crash, and then the people 580 00:29:06,320 --> 00:29:09,360 Speaker 1: sell at the bottom take masses lost. Millions of people 581 00:29:09,440 --> 00:29:11,720 Speaker 1: in the United States lost their homes. Millions of people 582 00:29:11,760 --> 00:29:15,320 Speaker 1: went homeless and had to go rent. Well, the government 583 00:29:15,480 --> 00:29:17,160 Speaker 1: decided to print a bunch of money and give it 584 00:29:17,200 --> 00:29:19,120 Speaker 1: to the bankers, and the bankers took that money and 585 00:29:19,120 --> 00:29:22,040 Speaker 1: went and bought all the homes the bargain basement prices, 586 00:29:22,720 --> 00:29:26,040 Speaker 1: and instead of millions of people owning homes, now millions 587 00:29:26,040 --> 00:29:29,680 Speaker 1: of people rented homes. And then the government pumped the 588 00:29:29,680 --> 00:29:31,840 Speaker 1: markets right back up. So now the banks owned all 589 00:29:31,840 --> 00:29:33,840 Speaker 1: the homes and they were back above where they were 590 00:29:33,880 --> 00:29:36,000 Speaker 1: previous to the crash of two thou eight. So it's 591 00:29:36,080 --> 00:29:40,640 Speaker 1: through the inflation and the deflation that they transfer these assets. 592 00:29:40,640 --> 00:29:43,200 Speaker 1: Back to Thomas Jefferson's quote, that's exactly what happened. They 593 00:29:43,280 --> 00:29:46,320 Speaker 1: use inflation and inflation to rob the people of the 594 00:29:46,400 --> 00:29:49,440 Speaker 1: land their or fathers had fought for, all right, and 595 00:29:49,480 --> 00:29:51,280 Speaker 1: they do that by injecting money that then pull the 596 00:29:51,360 --> 00:29:53,760 Speaker 1: money out. Now, I was saying that on top of that, 597 00:29:53,840 --> 00:29:58,640 Speaker 1: it has societal impact, all right. So for example, I mean, 598 00:29:58,680 --> 00:30:00,560 Speaker 1: I have a series of charts here are pretty hard 599 00:30:00,600 --> 00:30:03,560 Speaker 1: to see because we're on the radio, um, but we 600 00:30:03,600 --> 00:30:06,520 Speaker 1: can see that really where things came off the rails. 601 00:30:06,560 --> 00:30:08,600 Speaker 1: I said that the Federals are the central Bank started 602 00:30:08,600 --> 00:30:12,000 Speaker 1: in but they were kind of kept in check. I'm 603 00:30:12,000 --> 00:30:13,920 Speaker 1: not gonna go deep into this I talked about other times, 604 00:30:13,920 --> 00:30:15,560 Speaker 1: but they were kind of kept in check because we 605 00:30:15,560 --> 00:30:17,920 Speaker 1: were on a gold back system, and so they couldn't 606 00:30:17,960 --> 00:30:20,280 Speaker 1: just arbitrarily increase the money supply. They had to keep 607 00:30:20,320 --> 00:30:24,720 Speaker 1: it within a within a within a correlation to the 608 00:30:24,720 --> 00:30:28,200 Speaker 1: gold supply. But in nineteen seventy one, President Richard Nixon 609 00:30:28,240 --> 00:30:31,160 Speaker 1: severed the gold ties, and basically all bets are off 610 00:30:31,160 --> 00:30:32,720 Speaker 1: at that point, print as much money as you want. 611 00:30:32,840 --> 00:30:34,840 Speaker 1: And so what we've seen is since nineteen seventy one, 612 00:30:34,880 --> 00:30:38,280 Speaker 1: we've seen this massive, massive, massive shift in the way 613 00:30:38,400 --> 00:30:40,960 Speaker 1: the society works. And so one of the things, for example, 614 00:30:41,280 --> 00:30:46,040 Speaker 1: is since nineteen seventy one, UM economic before economic growth, 615 00:30:46,640 --> 00:30:50,320 Speaker 1: UM was growing up along with the wages. But since 616 00:30:50,400 --> 00:30:53,360 Speaker 1: nineteen seventy one, things continue to get more expensive, but 617 00:30:53,480 --> 00:30:56,760 Speaker 1: wages have stayed flat. So since nineteen seventy one, adjusted 618 00:30:56,800 --> 00:30:59,920 Speaker 1: for inflation, the average person isn't making any more money 619 00:31:00,080 --> 00:31:03,360 Speaker 1: adjustive for inflation, but things continue to get more expensive. 620 00:31:04,200 --> 00:31:06,960 Speaker 1: So what happens when it gets harder to live? Right? 621 00:31:07,000 --> 00:31:08,840 Speaker 1: I used to be able to have the American dream 622 00:31:08,880 --> 00:31:11,280 Speaker 1: with one household, one person, the household working. Now two 623 00:31:11,280 --> 00:31:12,800 Speaker 1: people have to work, and we still can't have the 624 00:31:12,840 --> 00:31:16,160 Speaker 1: American dream. So that starts setting off a whole domino 625 00:31:16,200 --> 00:31:19,120 Speaker 1: effective other things. So, since nineteen seventy one used to have, 626 00:31:19,160 --> 00:31:21,520 Speaker 1: as I said, one person working in the family. Now 627 00:31:21,560 --> 00:31:24,240 Speaker 1: today two people have to work, and you still can't 628 00:31:24,400 --> 00:31:28,960 Speaker 1: stay ahead. Another big thing is since n we went 629 00:31:29,040 --> 00:31:33,280 Speaker 1: from having wealth is goods and services, so we need 630 00:31:33,320 --> 00:31:35,320 Speaker 1: to be producing. So in the United States we used 631 00:31:35,360 --> 00:31:38,320 Speaker 1: to produce goods and services. Today we've outsourced all the 632 00:31:38,320 --> 00:31:41,600 Speaker 1: producing production to other countries. And now the main job 633 00:31:41,640 --> 00:31:43,800 Speaker 1: in the United States and the moment, the main outsourced 634 00:31:44,200 --> 00:31:48,600 Speaker 1: UM product is speculation. And so today, unfortunately one of 635 00:31:48,640 --> 00:31:51,480 Speaker 1: the best ways to get ahead is gambling. And when 636 00:31:51,480 --> 00:31:54,600 Speaker 1: I say gambling, I mean options, trading on robin hood, 637 00:31:54,680 --> 00:31:58,360 Speaker 1: or trading cryptocurrencies or whatever it is. Speculation. The problem 638 00:31:58,400 --> 00:32:00,520 Speaker 1: is that wealth is goods and certain us and so 639 00:32:00,560 --> 00:32:03,440 Speaker 1: we should be creating goods and services. But today we 640 00:32:03,520 --> 00:32:08,960 Speaker 1: have speculation that's just gone crazy. Um. Since one the 641 00:32:08,960 --> 00:32:13,960 Speaker 1: the the amount of babies born to unwed mothers went 642 00:32:14,080 --> 00:32:17,920 Speaker 1: off like a hockey stick straight parabolic um. The divorce 643 00:32:18,040 --> 00:32:23,000 Speaker 1: rate went through the roof UM and the incarceration rate. 644 00:32:23,520 --> 00:32:25,760 Speaker 1: I mean, if you see these charts as a matter 645 00:32:25,800 --> 00:32:28,200 Speaker 1: of fact, Um, you can go to a website. Um, 646 00:32:28,280 --> 00:32:33,680 Speaker 1: it's called w t F happened WTF you know what 647 00:32:33,680 --> 00:32:38,680 Speaker 1: I stands for, happened in nineteen seventy one dot com? 648 00:32:38,920 --> 00:32:42,280 Speaker 1: WTF happened in one dot com? And you can see 649 00:32:42,320 --> 00:32:44,280 Speaker 1: all these charts and basically it showed it's just a 650 00:32:44,320 --> 00:32:47,000 Speaker 1: series of charts and graphs that show what happened from 651 00:32:47,160 --> 00:32:49,840 Speaker 1: what happened before, and it's anyone what happened after, and 652 00:32:49,920 --> 00:32:54,800 Speaker 1: you will be completely shocked with what you see. Um. Um, 653 00:32:54,840 --> 00:32:59,080 Speaker 1: the obesity rate was stayed flat, and in nineteen seventy one, 654 00:32:59,160 --> 00:33:03,000 Speaker 1: the obesity rate just shot through the roof. Fiat money 655 00:33:03,040 --> 00:33:06,400 Speaker 1: created Fiat food, the medical bills, the amount of money 656 00:33:06,440 --> 00:33:09,640 Speaker 1: that we spent on medical bills shot up through the roof, 657 00:33:10,520 --> 00:33:15,479 Speaker 1: and the life expectancy barely even changed. You break the money, 658 00:33:15,800 --> 00:33:17,720 Speaker 1: you break the world. Now you gotta go to that 659 00:33:17,760 --> 00:33:23,040 Speaker 1: website wtf happened in dot com to really grasp this. So, um, 660 00:33:23,080 --> 00:33:25,840 Speaker 1: you should check that out. But the problem is, as 661 00:33:25,880 --> 00:33:28,200 Speaker 1: I said, you have broken money, you have a broken world, 662 00:33:28,560 --> 00:33:30,440 Speaker 1: and a lot of people think that money is neutral. 663 00:33:30,880 --> 00:33:34,280 Speaker 1: Money is neutral. It's a tool, right, right, come on, Mark, 664 00:33:34,320 --> 00:33:36,320 Speaker 1: come on right, money is neutral. I could use it 665 00:33:36,360 --> 00:33:39,240 Speaker 1: for good, I could, I could use it for bad? Right, No, 666 00:33:40,720 --> 00:33:44,080 Speaker 1: not all money is equal. The fiat money system that 667 00:33:44,120 --> 00:33:47,680 Speaker 1: the Federals makes is a system built on theft, on 668 00:33:47,800 --> 00:33:52,840 Speaker 1: lies and deceit, So theft. As they create more money, 669 00:33:53,040 --> 00:33:56,760 Speaker 1: it steals the value from you. It's theft, it's lies 670 00:33:56,760 --> 00:33:58,360 Speaker 1: in the sit. They don't tell us how many dollars 671 00:33:58,400 --> 00:33:59,880 Speaker 1: they printed. They don't tell us how many dollars they 672 00:33:59,880 --> 00:34:03,200 Speaker 1: have tomorrow. And so anything built on a system of theft, 673 00:34:03,240 --> 00:34:06,040 Speaker 1: lies in the seat is going to be inherently evil, 674 00:34:07,280 --> 00:34:13,239 Speaker 1: inherently evil. Only sound money could be neutral, not a 675 00:34:13,320 --> 00:34:16,800 Speaker 1: system that's controlled by these people that used to steal 676 00:34:17,280 --> 00:34:21,360 Speaker 1: lie and the all right, and so that's what bitcoin 677 00:34:21,440 --> 00:34:24,200 Speaker 1: can fix. Bitcoin is the opposite. So if if the 678 00:34:24,239 --> 00:34:27,480 Speaker 1: fiat money system is built on theft, as they print more, 679 00:34:27,560 --> 00:34:30,719 Speaker 1: they steal, it's lies in the seat, Bickoin is the opposite. Um, 680 00:34:30,760 --> 00:34:35,000 Speaker 1: it's truth. Nobody can print more. They can't use the 681 00:34:35,120 --> 00:34:38,000 Speaker 1: bitcoin to steal from you. No one can steal your 682 00:34:38,040 --> 00:34:41,000 Speaker 1: bitcoin either by taking it from you, nor can they 683 00:34:41,080 --> 00:34:43,640 Speaker 1: create more of it, which steals the value from you 684 00:34:44,400 --> 00:34:47,239 Speaker 1: um instead of lies and deceit in a system that 685 00:34:47,239 --> 00:34:48,560 Speaker 1: we don't know how many dollars are created or how 686 00:34:48,560 --> 00:34:50,320 Speaker 1: many they're gonna make next year. Remember we talked about 687 00:34:50,320 --> 00:34:53,640 Speaker 1: inflation and deflation. How these bankers decide to inflate and 688 00:34:53,680 --> 00:34:55,399 Speaker 1: punch of put a bunch of money in, and we 689 00:34:55,440 --> 00:34:57,520 Speaker 1: make a bunch of decisions and then they suck the 690 00:34:57,560 --> 00:34:59,759 Speaker 1: money out and then we are just victims and we 691 00:34:59,800 --> 00:35:02,400 Speaker 1: can all crashed. Well, no one can do that with bitcoin. 692 00:35:02,800 --> 00:35:04,919 Speaker 1: No one can create more of it. No one can 693 00:35:04,960 --> 00:35:08,759 Speaker 1: inflate it artificially, and no one can deflate it artificially. 694 00:35:10,560 --> 00:35:14,160 Speaker 1: It's exactly the opposite, and it had it's open it's 695 00:35:14,280 --> 00:35:16,560 Speaker 1: open source that we can see all this. We can 696 00:35:16,560 --> 00:35:19,800 Speaker 1: see that how many big win are there, who hasn't 697 00:35:19,800 --> 00:35:21,520 Speaker 1: how many has been moved around. We can also see 698 00:35:21,560 --> 00:35:25,200 Speaker 1: that it's it's a decentralized so nobody can control it. 699 00:35:25,239 --> 00:35:27,239 Speaker 1: So it's not a matter of taking the power from 700 00:35:27,280 --> 00:35:30,279 Speaker 1: the fed, from the central banks and given it to 701 00:35:30,320 --> 00:35:33,280 Speaker 1: another group of people who are better. It's not about 702 00:35:33,719 --> 00:35:36,040 Speaker 1: taking it from this bad actor and given it to 703 00:35:36,160 --> 00:35:38,200 Speaker 1: this person because we think they're going to be better. 704 00:35:38,760 --> 00:35:42,480 Speaker 1: It's about taking it from the hands of anybody, So 705 00:35:42,680 --> 00:35:46,120 Speaker 1: nobody has the power to create more of it. Nobody 706 00:35:46,160 --> 00:35:49,840 Speaker 1: has the power to to change the rules. That's the 707 00:35:49,840 --> 00:35:52,960 Speaker 1: big difference, the big difference of the Federal Reservants, the 708 00:35:53,000 --> 00:35:57,920 Speaker 1: big difference of other cryptocurrencies that have decentralized governance. We 709 00:35:57,960 --> 00:36:03,080 Speaker 1: don't want governance, we don't want to rules changed. Hopefully, 710 00:36:03,200 --> 00:36:05,560 Speaker 1: hopefully that makes sense, UM, what I say about Ron 711 00:36:05,600 --> 00:36:07,800 Speaker 1: Paul's Like I said, he started a movement, He highlighted 712 00:36:07,840 --> 00:36:10,080 Speaker 1: why we want to end the FED, and I am 713 00:36:10,160 --> 00:36:12,680 Speaker 1: trying to carry the torch for him. Hopefully that makes 714 00:36:12,680 --> 00:36:15,640 Speaker 1: sense to you. UM, we have bitcoin now. When Ron 715 00:36:15,680 --> 00:36:19,319 Speaker 1: Paul came out at nine in UM in two thousand nine, UM, 716 00:36:19,360 --> 00:36:24,480 Speaker 1: ironically it's the exact same time that bitcoin was was released. UM. 717 00:36:24,520 --> 00:36:26,480 Speaker 1: But he wrote this time at a book, this book 718 00:36:26,520 --> 00:36:28,400 Speaker 1: at a time when we didn't actually have a tool 719 00:36:28,480 --> 00:36:31,000 Speaker 1: to actually achieve the things that he said. But today 720 00:36:31,000 --> 00:36:33,080 Speaker 1: we do. We don't have an excuse anymore. We have 721 00:36:33,160 --> 00:36:35,920 Speaker 1: the tool that we need, UM to fix the money 722 00:36:36,600 --> 00:36:38,560 Speaker 1: and fix the world. Go back and fix all those 723 00:36:38,600 --> 00:36:42,160 Speaker 1: problems in society that the money is causing. UM. For reference, 724 00:36:42,160 --> 00:36:45,920 Speaker 1: go check out that website. WTF happened in nineteen seventy 725 00:36:46,000 --> 00:36:49,640 Speaker 1: one dot com. You're listening to the Markmas Show, and um, 726 00:36:49,640 --> 00:36:53,239 Speaker 1: we're talking about bitcoin in a long, roundabout way today, 727 00:36:53,280 --> 00:36:55,680 Speaker 1: so thanks for sticking with me. Um. It's important to 728 00:36:55,760 --> 00:36:58,360 Speaker 1: understand these things because if you don't understand the problem, 729 00:36:58,719 --> 00:37:01,239 Speaker 1: you're never gonna understand the solution or why we need it, 730 00:37:01,320 --> 00:37:03,680 Speaker 1: or why it matters or why it's relevant. Otherwise, you're 731 00:37:03,680 --> 00:37:05,040 Speaker 1: gonna be out there trying to solve problems. I don't 732 00:37:05,040 --> 00:37:08,359 Speaker 1: need to be solved, but this is the big problem. 733 00:37:08,400 --> 00:37:11,080 Speaker 1: It's the money. Um, you listen to the markma Show 734 00:37:11,440 --> 00:37:14,520 Speaker 1: talking about bitcoin, talking about the decentralized revolution. I'm on 735 00:37:14,560 --> 00:37:16,560 Speaker 1: this channel each and every week at the same time. 736 00:37:16,640 --> 00:37:18,440 Speaker 1: Don't miss it. Thanks so much for listening.