WEBVTT - The Mark Moss Show Nov 26, 2021 0:00:00.160 --> 0:00:03.040 Hello, you are listening to the Mark Moa show where 0:00:03.040 --> 0:00:06.439 we are talking about bitcoin. We're talking about crypto, guarrensees, 0:00:06.720 --> 0:00:10.760 we are talking about the decentralized revolution that is happening 0:00:10.960 --> 0:00:14.520 right before our very eyes. And you know, I understand 0:00:14.520 --> 0:00:17.800 that not everybody sees the importance of what's going on. Um. 0:00:17.920 --> 0:00:21.360 Maybe it's like the proverbial, you know, frog in the 0:00:21.360 --> 0:00:23.360 pot of boiling water, you don't notice it around you, 0:00:23.480 --> 0:00:25.479 or or maybe it's like watching paint dry. But it 0:00:25.720 --> 0:00:28.880 is happening, and history books will be written about this 0:00:28.920 --> 0:00:32.480 point in time. I know my grandkids are gonna think 0:00:32.520 --> 0:00:35.400 back and go, man, I can't believe my great my 0:00:35.720 --> 0:00:39.120 granddad or my great granddad bought all that bitcoin. Um, 0:00:39.200 --> 0:00:41.680 it is going to be that big. And you know, 0:00:42.159 --> 0:00:45.120 we we we talk a lot about a lot of 0:00:45.120 --> 0:00:47.680 different things. You know, I covered the price a little bit. 0:00:47.840 --> 0:00:51.160 I'd like to say the price is a distraction because 0:00:51.159 --> 0:00:54.120 really in a new technology and emerging technology, we're looking 0:00:54.120 --> 0:00:57.800 for the the underlying or the fundamental things that are 0:00:57.840 --> 0:01:01.680 happening that that i'll you know, make us think that 0:01:01.720 --> 0:01:04.120 it's going to be so much bigger than it is. Um. 0:01:04.160 --> 0:01:06.520 If you're listening to me each and every week. Well, 0:01:06.560 --> 0:01:08.320 first off, if you're not to listen to me each 0:01:08.319 --> 0:01:10.039 and every week, then you should be. And so why 0:01:10.040 --> 0:01:11.720 don't you just pull out your phone right now, put 0:01:11.720 --> 0:01:13.959 a put a time stamp, but put a calendar appointment 0:01:13.959 --> 0:01:16.400 on this channel at this time. Uh, it will be 0:01:16.440 --> 0:01:18.880 the most profitable part of your week. But I like 0:01:18.959 --> 0:01:21.240 to say each and every week that the prices distraction. 0:01:21.280 --> 0:01:23.000 We want to look at two things, and so we 0:01:23.040 --> 0:01:26.120 want to look at um the growth of the network, 0:01:26.200 --> 0:01:28.320 how many users are using the network, and we want 0:01:28.319 --> 0:01:30.840 to look at the development that's happening on the network. 0:01:30.880 --> 0:01:32.399 Those are kind of the two things that we want 0:01:32.400 --> 0:01:34.839 to be looking at. And as long as the network's growing, 0:01:34.880 --> 0:01:38.800 more and more users are using it um and development 0:01:38.880 --> 0:01:41.440 is happening on it um, then we know that everything 0:01:41.560 --> 0:01:44.480 is still on track and that the future should be 0:01:44.600 --> 0:01:47.360 looking very very bright. And so I like to look 0:01:47.360 --> 0:01:49.280 at those things that that tells me more about the future. 0:01:49.280 --> 0:01:51.320 I think trying to, you know, think what the price 0:01:51.400 --> 0:01:53.360 is going to be by next week, or next month 0:01:53.480 --> 0:01:57.040 or even next year is is very difficult. The short 0:01:57.160 --> 0:02:02.000 term picture is very very hard to predict, if not impossible. 0:02:02.280 --> 0:02:05.440 But I think the longer term picture is easier. Right. 0:02:05.720 --> 0:02:09.880 For example, UM, if if you ate a big Mac 0:02:10.720 --> 0:02:13.360 every single day for lunch from now until the end 0:02:13.360 --> 0:02:16.000 of the month, how much you know, how much weight 0:02:16.000 --> 0:02:17.959 would you put on? For example? I mean, I don't 0:02:17.960 --> 0:02:19.839 really know, but what if you did that every day 0:02:19.880 --> 0:02:23.480 for three years? Right? It would probably easier to predict 0:02:23.520 --> 0:02:24.760 that in a couple of years from now than it 0:02:24.760 --> 0:02:26.799 would be in in in two weeks. And so that 0:02:26.880 --> 0:02:28.720 kind of gives you an idea like when you when 0:02:28.760 --> 0:02:31.280 you see these things happening now, it's easier to predict 0:02:31.320 --> 0:02:33.440 where they'll be in the future. And so one of 0:02:33.440 --> 0:02:37.399 the things I saw this week, which was which was massive, uh, 0:02:37.560 --> 0:02:41.120 and I guess it's it's sweeping through the industry is 0:02:41.120 --> 0:02:48.400 we're seeing multiple stadiums, football, basketball stadiums being being sponsored 0:02:48.440 --> 0:02:53.440 by you know, cryptocurrency companies. We saw, um the Staples 0:02:53.440 --> 0:02:57.680 Center in Los Angeles UM be renamed the Crypto dot 0:02:57.760 --> 0:03:01.520 Com Arena. I believe one of the big stadiums I 0:03:01.520 --> 0:03:04.359 think in Miami is sponsored by ft X, which is 0:03:04.400 --> 0:03:09.120 a big cryptocurrency exchange. And uh. This week we also 0:03:09.280 --> 0:03:13.240 saw a basketball team that the Houston Rockets have actually 0:03:13.280 --> 0:03:15.959 partnered in a sponsorship deal that's going to pay them 0:03:16.040 --> 0:03:21.720 out in bitcoin, which is pretty big. Now. You might 0:03:22.440 --> 0:03:25.119 have seen or heard of things like this happening before. 0:03:25.120 --> 0:03:26.560 As a matter of fact, I've talked about this sec 0:03:26.880 --> 0:03:29.720 I think a few weeks ago I talked about UM. 0:03:29.760 --> 0:03:34.320 The quarterback Aaron Rodgers has agreed to be paid in bitcoin. 0:03:34.920 --> 0:03:38.680 I think Tom Brady, the quarterback, is also being paid 0:03:38.680 --> 0:03:43.680 in bitcoin. We've seen Frances Soarez, he's the mayor of Miami. 0:03:44.240 --> 0:03:46.040 He was like I think, the first one who came 0:03:46.040 --> 0:03:47.680 out and said he was gonna be paid in bitcoin. 0:03:48.160 --> 0:03:51.080 Now we've seen I think I want to say five, 0:03:51.320 --> 0:03:53.960 four or five other mayors have come out saying they 0:03:54.000 --> 0:03:56.480 want to be paid in bitcoin. Even even the mayor 0:03:57.040 --> 0:03:58.920 I believe it was the new mayor of New York 0:03:59.000 --> 0:04:04.200 City said that they want to be paid in bitcoin. UM. 0:04:04.240 --> 0:04:06.040 And it's just so it's just spreading, right, It's just 0:04:06.080 --> 0:04:07.920 spreading and spreading and spreading, right. We want to look 0:04:07.920 --> 0:04:10.320 at the growth, the growth of the network, and it's 0:04:10.320 --> 0:04:13.920 like spreading like wildfire. I mean, one one mayor said 0:04:13.920 --> 0:04:16.000 he wants to be paid one athlete. I think the 0:04:16.040 --> 0:04:21.240 first athlete I really remember UM was Russell A. Kong. 0:04:21.400 --> 0:04:24.320 He's a football player. He was very very outspoken and 0:04:24.360 --> 0:04:27.040 getting paid in bitcoin as a football player, and that 0:04:27.160 --> 0:04:30.760 was probably two years ago. He's been super vocal. And 0:04:30.800 --> 0:04:33.960 now we're seeing athletes just left and right, UM, choosing 0:04:34.000 --> 0:04:36.560 to be paid in bitcoin. UM. And then you have 0:04:36.680 --> 0:04:39.320 one mayor like Frances Suarez in Miami and say Miami 0:04:39.440 --> 0:04:42.000 is going to be the bitcoin epicenter of the country. 0:04:42.200 --> 0:04:45.520 And now five other mayors, including New York City, have 0:04:45.640 --> 0:04:47.120 come out and said that in now New York City 0:04:47.160 --> 0:04:51.040 wants to compete with UM Miami to be the main 0:04:51.400 --> 0:04:55.920 bitcoins center. UM. And so that's the way to understand bitcoin. 0:04:55.920 --> 0:04:57.360 You have to understand a lot of things, and that's 0:04:57.360 --> 0:04:59.320 why it's difficult for most people to get it. You 0:04:59.320 --> 0:05:00.880 have to understand a lot of things. And so some 0:05:00.920 --> 0:05:04.720 of those things are history and monetary systems and currencies 0:05:04.720 --> 0:05:08.160 and technology, um. But you also have to understand philosophy 0:05:08.200 --> 0:05:10.400 like human sentences, and you have to understand game theory. 0:05:11.080 --> 0:05:14.080 And so this is the game theory, right. It's like, um, 0:05:14.080 --> 0:05:16.960 it's like a game of musical chairs. When the music stops, 0:05:16.960 --> 0:05:19.000 there's not gonna be enough chairs for everyone to go around. 0:05:19.160 --> 0:05:22.080 And so who's going to get those chairs first. And 0:05:22.080 --> 0:05:24.400 of course with bitcoin, there's a hardcap. There will never 0:05:24.520 --> 0:05:29.279 be more than twenty one million. Now that might sound 0:05:29.279 --> 0:05:31.280 like a lot, but let me put that into perspective 0:05:31.320 --> 0:05:37.760 for you. There's about approximately fifty million millionaires in the world. 0:05:38.440 --> 0:05:42.080 So there's not even enough bitcoin for all the millionaires 0:05:42.480 --> 0:05:46.840 in the world to own half of one. And uh, 0:05:46.880 --> 0:05:50.240 we have some people like Michael Saylor who owns hundreds 0:05:50.320 --> 0:05:53.000 of thousands of them. I don't know anywhere near that many, 0:05:53.040 --> 0:05:56.799 but I definitely own um some and uh, that means 0:05:56.839 --> 0:05:59.720 there's not even enough. Uh, there's not there's no work 0:05:59.760 --> 0:06:01.920 even close for these millionaires to get half of one. 0:06:02.000 --> 0:06:03.599 That's I mean, that's just how scarce it is. So 0:06:03.640 --> 0:06:07.920 that the music is starting to stop and everybody's grabbing 0:06:07.960 --> 0:06:11.520 their chairs. That's what the mayors are doing. Um, that's 0:06:11.520 --> 0:06:14.200 what these athletes are doing. We're even seeing nations do this, right, 0:06:14.240 --> 0:06:17.000 So El Salvador announced that they were gonna move to 0:06:17.360 --> 0:06:19.920 um using bitcoin as a currency, and now other nations 0:06:19.960 --> 0:06:22.920 are starting to do the same thing. But back to this. 0:06:22.960 --> 0:06:25.080 News that broke this week was the Houston Rockets, which 0:06:25.080 --> 0:06:26.599 I think was pretty big and what I liked about 0:06:26.640 --> 0:06:30.160 the Houston Rockets deal is it wasn't just like a 0:06:30.200 --> 0:06:32.960 personal kind of selfish thing. So what I mean by 0:06:32.960 --> 0:06:36.120 that is, uh, you know, if Aaron Rodgers, as I 0:06:36.160 --> 0:06:39.400 talked about, chooses to get paid in bitcoin, I mean 0:06:39.400 --> 0:06:42.720 that's great for him, right, Um, it increases his bitcoin stack. 0:06:42.760 --> 0:06:45.120 It doesn't really do much about much about other people 0:06:45.200 --> 0:06:48.360 and the and the bitcoin space overall. But um, here 0:06:48.440 --> 0:06:51.960 the NBA team, you know, the Houston Rockets, UM took 0:06:52.000 --> 0:06:55.120 it on and it says that they partnered with Nightigg 0:06:55.160 --> 0:06:58.600 in the sponsorship deal paid in bitcoin, and the team 0:06:58.640 --> 0:07:04.160 will provide bitcoin education programs for the community and bitcoin 0:07:04.279 --> 0:07:08.400 rewards and payment options for fans. That's what I mean 0:07:08.480 --> 0:07:11.119 selfish and and don't take that word the wrong way 0:07:11.600 --> 0:07:13.400 about what I mean is Aaron Rodgers going to buy bitcoin? 0:07:13.400 --> 0:07:15.880 That is great for him. But this is the team 0:07:16.000 --> 0:07:21.000 is going to provide bitcoin education programs for the community. Right, 0:07:21.080 --> 0:07:25.080 so they're gonna reach out and start building education programs 0:07:25.120 --> 0:07:27.640 for the people and really blow this up. And again 0:07:27.680 --> 0:07:29.920 remember we're looking for two things, right, the growth of 0:07:29.960 --> 0:07:32.920 the network and uh and the development on the network. 0:07:32.920 --> 0:07:35.680 So this is the growth of network. They're actively UM 0:07:35.720 --> 0:07:38.800 building out programs to grow the network, and that's massive. 0:07:38.880 --> 0:07:42.120 Of course, UH, you're probably we probably have plenty of 0:07:42.120 --> 0:07:45.560 sports fans listening to this, and they understand how much 0:07:45.600 --> 0:07:48.400 influence these sports fans have, where these athletes have and 0:07:48.440 --> 0:07:50.640 these brands have. And so when they're saying, hey, you 0:07:50.640 --> 0:07:53.920 should educate yourself on bitcoin, and then even better, they're 0:07:53.920 --> 0:07:57.400 paying bitcoin rewards UM and and allowing fans to pay 0:07:57.440 --> 0:07:59.600 in bitcoin, I mean, I think that's just going to 0:07:59.680 --> 0:08:03.800 be massive. UM. They said that bitcoin is uh provides 0:08:03.840 --> 0:08:06.000 a creative reward payment options for their fan base and 0:08:06.040 --> 0:08:11.120 associates UM. And it says the Rockets quote, the Rockets 0:08:11.120 --> 0:08:15.600 will be hashtag paid in bitcoin. UM. So I think 0:08:15.640 --> 0:08:19.040 that's massive. I think that's that's that's awesome. UM deliver 0:08:19.160 --> 0:08:22.000 new opportunities, new experiences for the Rocket fans, for the 0:08:22.000 --> 0:08:25.760 city of Houston. UM. Of course their Houston, Texas, which 0:08:25.800 --> 0:08:29.440 Houston has become the epicenter, literally the leader, the global 0:08:29.560 --> 0:08:33.760 leader in bitcoin mining. The governor of Texas, Governor Abbott, 0:08:33.800 --> 0:08:38.439 has even been talking about UM making bitcoin main currency 0:08:38.600 --> 0:08:40.760 in the state. So I guess there's no surprise that 0:08:40.800 --> 0:08:43.040 the Houston Rockets are the first ones to do this. 0:08:43.120 --> 0:08:46.480 But think about the growth that this will create, think 0:08:46.520 --> 0:08:48.720 about the buzz that this will create. And then, like 0:08:48.760 --> 0:08:51.160 I said, not just in them using it selfishly, like hey, 0:08:51.160 --> 0:08:53.360 we're gonna put part of our savings into it, but no, 0:08:53.800 --> 0:08:59.200 we're going to create programs to educate people and incentivize 0:08:59.320 --> 0:09:03.400 people to use it. That is massive. And so when 0:09:03.440 --> 0:09:05.920 I see that, that tells me that the that the 0:09:06.040 --> 0:09:07.840 network is going to grow, and when the network grows, 0:09:08.200 --> 0:09:11.360 the price is going to grow. After that, now, I 0:09:11.360 --> 0:09:13.360 want to talk about some other things that are really 0:09:13.400 --> 0:09:17.160 going to trigger Bitcoin's growth even faster. Um, I'm gonna 0:09:17.240 --> 0:09:19.280 show you some numbers that are going to probably blow 0:09:19.320 --> 0:09:21.480 your mind. By the way, you're listening to the Mark 0:09:21.559 --> 0:09:24.120 mos Show, and of course we're talking about bitcoin and 0:09:24.160 --> 0:09:28.360 cryptocurrencies and the decentralized revolution. We'll be right back. Let's 0:09:28.360 --> 0:09:31.720 tell you more about Bitcoin's skyrocket. All right, welcome back. 0:09:31.760 --> 0:09:33.760 You are listening to the Mark Moa Show, and we're 0:09:33.760 --> 0:09:37.000 talking about bitcoin, of course, each and every week, don't 0:09:37.040 --> 0:09:39.960 miss it. We're talking about bitcoin, we're talking about cryptocurrencies, 0:09:39.960 --> 0:09:43.560 we're talking about the decentralized revolution, and I'm trying to 0:09:43.600 --> 0:09:46.080 give you the play by play each and every week, 0:09:46.480 --> 0:09:48.600 so you have the information that you need to be 0:09:48.960 --> 0:09:52.240 well equipped, to be properly equipped to be positioned to 0:09:52.320 --> 0:09:55.440 take advantage of this the biggest opportunity you'll ever have UM. 0:09:55.480 --> 0:09:57.560 And if you listen to me each every week, I 0:09:57.679 --> 0:10:00.959 promise you you're gonna have in formation that most people 0:10:01.000 --> 0:10:03.240 don't have. So when you go to those parties, UH, 0:10:03.360 --> 0:10:05.200 you're gonna you're gonna sound like the smartest guy there. 0:10:05.320 --> 0:10:07.680 So if there's no other reason, just so you're cool, 0:10:07.760 --> 0:10:09.960 go ahead and listen to me. But it would probably 0:10:10.000 --> 0:10:12.480 be much more profitable for you than that over the 0:10:12.520 --> 0:10:14.840 long run. Now, before the break, I was talking about 0:10:15.720 --> 0:10:18.240 UM the again, right that I say it over and over. 0:10:18.280 --> 0:10:19.800 The prices a distraction. We want to look at the 0:10:19.800 --> 0:10:22.000 network growth and the development. And we look at the 0:10:22.000 --> 0:10:23.959 network growth, we look at the amount of people, the 0:10:24.080 --> 0:10:26.439 number of people using it. We're talking about the Houston Rockets, 0:10:26.480 --> 0:10:30.199 the basketball team. UM is going to start UM allowing 0:10:30.240 --> 0:10:33.120 people to pay in bitcoin, provide education for the community 0:10:33.440 --> 0:10:35.840 UM and centives, rewards, et cetera. And so that's gonna 0:10:35.920 --> 0:10:39.679 that's just going to accelerate the adoption, to accelerate the 0:10:39.720 --> 0:10:42.880 growth of the network so fast that it's just gonna 0:10:42.880 --> 0:10:45.320 blow minds. But there's some other things that are going 0:10:45.360 --> 0:10:49.240 on that are going to do that even more. And 0:10:49.320 --> 0:10:54.720 one of those things is that, um, the bitcoin will 0:10:54.760 --> 0:10:59.360 continue to look more and more attractive in US dollars terms, 0:10:59.720 --> 0:11:03.439 because as the US dollar itself is continuing to go 0:11:03.600 --> 0:11:07.679 down and down and down. What do I mean by that, Well, 0:11:09.640 --> 0:11:12.720 a lot of people think that their homes have become 0:11:12.760 --> 0:11:15.320 more valuable. Oh my gosh, I can't believe it. My 0:11:15.400 --> 0:11:17.880 home used to be five thousand dollars and now it's 0:11:17.880 --> 0:11:21.240 eight hundred thousand dollars. My house went up in value. 0:11:21.840 --> 0:11:24.719 M I hate to break it to you, Um, your 0:11:24.760 --> 0:11:28.920 home didn't go up in value. The dollars became worth less, 0:11:28.960 --> 0:11:34.040 and now it takes more dollars to buy that home. Um. Uh. 0:11:34.240 --> 0:11:37.080 I recently bought some property out in in the Austin, 0:11:37.160 --> 0:11:40.679 Texas area, and I was talking to some other friends 0:11:40.720 --> 0:11:43.240 that are out there, and one of them, um bought 0:11:43.240 --> 0:11:46.040 a house on Lake Travis, which is I'm not on 0:11:46.080 --> 0:11:48.520 the lake, but on Lake Travis out there of Austin. 0:11:48.920 --> 0:11:51.000 And he bought his house a year ago for ten 0:11:51.080 --> 0:11:54.600 million dollars and just sold it one year later for 0:11:54.679 --> 0:12:00.280 twenty two million. Insane bought it for ten million and 0:12:00.280 --> 0:12:02.800 sold it for twenty two million dollars. But guess what, 0:12:03.440 --> 0:12:07.840 the house didn't go up in value. The dollars lost value. 0:12:07.880 --> 0:12:10.120 It takes more dollars to buy those things. And so 0:12:10.280 --> 0:12:14.120 as the dollar continues to lose purchasing power, those dollars 0:12:14.160 --> 0:12:17.600 purchase less homes today than they did before. People look 0:12:17.679 --> 0:12:21.520 for ways to increase their purchasing power. And so as 0:12:21.559 --> 0:12:24.440 the dollar is going down and bitcoin is going up 0:12:24.440 --> 0:12:28.280 in value, Bitcoin continues to look more and more attractive. 0:12:28.679 --> 0:12:31.360 That's why I will continue to see the network grow. Now. 0:12:31.920 --> 0:12:34.839 As I said, as those dollars are losing value for 0:12:35.160 --> 0:12:38.600 for a number of reasons, but primarily because the government, 0:12:38.679 --> 0:12:42.520 the central banks cannot stop printing them. They cannot stop 0:12:42.640 --> 0:12:46.680 creating money. They are printing. They're creating money like it 0:12:46.840 --> 0:12:48.880 is going out of style, like we've never seen any 0:12:48.920 --> 0:12:50.839 time in all of history. As a matter of fact, 0:12:51.480 --> 0:12:56.360 somewhere between thirty of all the dollars in existence today 0:12:56.880 --> 0:12:59.760 we're created in the last year and a half. Wow, 0:13:00.280 --> 0:13:03.320 that is amazing. I mean, we've just never seen growth 0:13:03.360 --> 0:13:08.280 like that. We've seen about twenty five percent inflation per 0:13:08.400 --> 0:13:12.160 year What that means is that prices they created about 0:13:12.320 --> 0:13:16.200 um the money supply increased about in the year, and 0:13:16.240 --> 0:13:19.720 then we see prices go up by about in a 0:13:19.800 --> 0:13:22.800 year now. Some places like Lake Travis go up, some 0:13:22.880 --> 0:13:25.760 places go up less than but on average that's what 0:13:25.760 --> 0:13:29.000 we've seen. But they want to spend even more money. 0:13:29.400 --> 0:13:31.960 They can't get enough. As a matter of fact, last 0:13:32.000 --> 0:13:35.880 week the world leaders all met in Glasgow at this 0:13:35.960 --> 0:13:40.800 climate Climate summit, and they they made a bunch of 0:13:40.800 --> 0:13:45.000 big proclamations, a bunch of big moves, and um, they 0:13:45.040 --> 0:13:48.360 basically came back saying that in order to save the world, 0:13:48.400 --> 0:13:51.000 we have to destroy it. They didn't actually say that, 0:13:51.040 --> 0:13:52.920 but they said, in order to save the world, we 0:13:53.000 --> 0:13:54.640 have to act quick and we have to do all 0:13:54.720 --> 0:13:58.840 this spending. Who saved the environment to go green? We 0:13:58.880 --> 0:14:01.760 want to go net zero is actually the quote that 0:14:01.800 --> 0:14:04.720 they said. And they came back and they put this 0:14:04.800 --> 0:14:07.360 report together, all these things that we have to do 0:14:07.760 --> 0:14:10.880 in order to get to net zero per This s 0:14:11.120 --> 0:14:15.360 c OP is what they met on. And so in 0:14:15.440 --> 0:14:18.000 order to achieve the transition to clean technologies in all 0:14:18.080 --> 0:14:21.480 sectors at an unprecedented pace would be required. They said 0:14:21.800 --> 0:14:23.880 that they're gonna have to to steer the governments and willingness 0:14:23.920 --> 0:14:28.760 of society. That's the keyword. We have to steer governments 0:14:28.760 --> 0:14:31.360 and the willingness of society because the society and don't 0:14:31.360 --> 0:14:35.000 want to go along with this UM. And guess what, 0:14:35.440 --> 0:14:37.880 it's going to cost a lot of money. It's gonna 0:14:37.920 --> 0:14:39.080 cost a lot of mind. As a matter of fact, 0:14:39.080 --> 0:14:40.520 it's going to cost more money than we've ever seen 0:14:40.520 --> 0:14:41.800 in the history of the world. I don't know where 0:14:41.800 --> 0:14:44.880 they're gonna get it from UM, but they're gonna somehow 0:14:44.920 --> 0:14:47.080 get it. I'm guessing they're going to print it. The 0:14:47.120 --> 0:14:50.640 money printers are gonna be printing all night long, worrying 0:14:50.920 --> 0:14:54.920 like like machines, and so UM Bank of America basically 0:14:55.000 --> 0:14:59.200 went through all of the UM proposals that were put 0:14:59.200 --> 0:15:02.600 together to get that zero and Bank of America came 0:15:02.600 --> 0:15:05.640 out with the report and said that UM. They said, 0:15:06.440 --> 0:15:09.480 the key question is how much will it cost? Question 0:15:09.520 --> 0:15:14.040 Mark Well. Bank of America. UM writes that a hundred 0:15:14.120 --> 0:15:18.080 and fifty trillion dollars will need to be spent over 0:15:18.120 --> 0:15:24.720 the next thirty years, which is five trillion dollars per year. 0:15:25.920 --> 0:15:28.920 Now I know, we go numb to numbers so maybe 0:15:28.920 --> 0:15:31.160 that doesn't mean a lot to you. UM, but let 0:15:31.160 --> 0:15:33.680 me just man, man, it's such a big number. How 0:15:33.680 --> 0:15:38.400 do we put into perspective? Basically, it's twice the current 0:15:38.440 --> 0:15:43.840 global GDP twice two times so UM, typically you would 0:15:44.320 --> 0:15:47.760 normally people like you and me are business as our households, 0:15:47.760 --> 0:15:51.640 we would spend less money than we bring in, the 0:15:51.720 --> 0:15:54.560 government should also spend less money than they bring in. 0:15:54.880 --> 0:15:59.240 That's the GDP. But no, they want to um spend 0:15:59.320 --> 0:16:03.480 twice the current global GDP five trillion dollars and annual 0:16:03.520 --> 0:16:06.360 investments UM A hundred and fifty chill. Now, to put 0:16:06.400 --> 0:16:09.760 this into even more perspective, UM, the entire debt of 0:16:09.800 --> 0:16:12.240 the United States over the last I mean two hundred 0:16:12.360 --> 0:16:15.600 years is now up to an eye break, you know, 0:16:15.960 --> 0:16:20.880 a nosebleed height of about twenty eight trillion UM, which, 0:16:21.080 --> 0:16:23.360 as I said about that was creating the last year 0:16:23.360 --> 0:16:28.120 and a half UM trillion. They want to spend a 0:16:28.280 --> 0:16:32.400 hundred and fifty a hundred and fifty thirty, they want 0:16:32.400 --> 0:16:35.280 to spend thirty two. I mean, it's just it's just insane. 0:16:35.320 --> 0:16:38.600 It's just insane. But what's going to happen? Well, the 0:16:38.680 --> 0:16:41.560 about they're going to print more dollars, the value of 0:16:41.600 --> 0:16:43.920 those dollars will continue to go down and down and down. 0:16:43.960 --> 0:16:47.680 They'll be buying less gasoline will be twenty five dollars 0:16:47.680 --> 0:16:50.920 a gallon. Oil will be three a gallon. You probably 0:16:50.920 --> 0:16:52.720 won't be able to travel by air anymore because it 0:16:52.720 --> 0:16:56.760 will be so expensive, UM. And that is only going 0:16:56.800 --> 0:16:59.800 to make Bitcoin look more and more attractive, because of 0:16:59.800 --> 0:17:03.760 course they can't add to the supply a bitcoin. It's fixed. 0:17:04.240 --> 0:17:07.520 They can't do that. So we're gonna have one asset 0:17:07.520 --> 0:17:10.320 that they're printing so fast, they're manipulating so fast, that's 0:17:10.320 --> 0:17:12.000 going down in value, and then we have another asset 0:17:12.440 --> 0:17:15.240 that can't be manipulated, and that will be going up 0:17:15.280 --> 0:17:18.679 in value. And when people start to see that um contrast, 0:17:18.920 --> 0:17:21.960 of course they're going to be jumping over into the 0:17:22.040 --> 0:17:26.240 new asset. Now that's what Bank of America said hundred chillion, 0:17:26.280 --> 0:17:28.920 but some estimates say even more. As a matter of fact, 0:17:29.400 --> 0:17:31.639 UM the b n e F as a higher estimate. 0:17:31.800 --> 0:17:33.600 They say the total investment needed for energy supply and 0:17:33.600 --> 0:17:35.880 infrastructure could be as high as a hundred and seventy 0:17:36.119 --> 0:17:41.240 three D seventy three trillion, almost six chillion annually UM 0:17:41.280 --> 0:17:44.439 but there's something that will happen before we get to 0:17:44.480 --> 0:17:47.879 the level. There's a trigger that was predicted by one 0:17:47.920 --> 0:17:49.720 of my favorite economists that I want to talk about 0:17:49.800 --> 0:17:53.840 when we come back. UM, something that when this trigger happens, 0:17:54.320 --> 0:17:57.280 it's like a floodgate is going to happen. UM. So 0:17:57.320 --> 0:17:58.600 I'm gonna tell you about that when I get back. 0:17:58.640 --> 0:18:00.600 By the way, you're listening to the Mark Mash We're 0:18:00.600 --> 0:18:03.440 talking about bitcoin, We're talking about cryptocurrencies. We're talking about 0:18:03.520 --> 0:18:07.600 this decentralized revolution. We're talking about potentially the end of 0:18:07.760 --> 0:18:10.520 currency as we know it. UM, don't go away, We're 0:18:10.520 --> 0:18:12.920 gonna listen. We're gonna come back and talk about um, 0:18:13.000 --> 0:18:15.920 the trigger point. I'll be right back. All right, welcome back. 0:18:15.920 --> 0:18:17.640 You are listening to the Mark ma Show, and we're 0:18:17.640 --> 0:18:21.200 talking about bitcoin. We're talking about cryptocurrencies, we're talking about 0:18:21.200 --> 0:18:24.520 the decentralized revolution. I want to tell you that we're 0:18:24.520 --> 0:18:26.520 talking about bitcoin because you should join me each and 0:18:26.520 --> 0:18:30.080 every week because we're literally sitting on the biggest shift 0:18:30.119 --> 0:18:33.520 to humanity that we've ever seen. It's a technological revolution. UM. 0:18:33.560 --> 0:18:35.240 I know a lot of people are trying to figure out, 0:18:35.280 --> 0:18:37.760 like what's going on with the technology and what are 0:18:37.800 --> 0:18:40.119 these n f T things? And can I make a 0:18:40.200 --> 0:18:44.160 jpeg that I can buy on the blockchain? But it's 0:18:44.160 --> 0:18:46.439 way bigger than that. We have way bigger problems than that, 0:18:46.560 --> 0:18:50.400 and this is gonna be way more monumental than that. So, UM, 0:18:50.520 --> 0:18:54.520 we're not talking about pokemon cards UM on blockchains. I'm sorry. UM. 0:18:54.560 --> 0:18:57.040 We are talking about the problem in the world that's 0:18:57.040 --> 0:19:00.800 happening right now that is going to create a massive 0:19:00.920 --> 0:19:04.160 problem for most people, but also potentially the biggest opportunity 0:19:04.200 --> 0:19:06.800 of your life if you're paying attention now. Before the break, 0:19:06.840 --> 0:19:12.040 I was talking about how um as the dollar value 0:19:12.119 --> 0:19:14.840 is going down, meaning the purchasing power, meaning it purchases 0:19:14.920 --> 0:19:18.119 less and less and less because they're printing more and 0:19:18.160 --> 0:19:20.960 more and more UM. That is going to make more 0:19:20.960 --> 0:19:22.520 and more people want to go to bitcoin, right, So 0:19:22.520 --> 0:19:25.480 they're manipuating the money supply printing more money. I talked 0:19:25.480 --> 0:19:29.320 about how under the new UM climate change that they 0:19:29.320 --> 0:19:32.200 did at the COP twenty six last week, they want 0:19:32.240 --> 0:19:36.320 to spend about a hundred and fifty trillion dollars UM 0:19:36.320 --> 0:19:39.800 to somehow you know, reduced greenhouse gases or something like that, 0:19:40.160 --> 0:19:42.000 and so that is only going to continue to make 0:19:42.040 --> 0:19:46.199 the dollar worth less or worthless, um, and more and 0:19:46.240 --> 0:19:48.560 more people will be jumping ship out of that sinking 0:19:48.600 --> 0:19:52.720 boat and moving into something that can't be manipulated. Now 0:19:53.160 --> 0:19:56.800 there's a there's a process that was highlighted by one 0:19:56.840 --> 0:20:01.440 of my favorite economists. His name is Ludwig Gavon Mess 0:20:01.480 --> 0:20:06.080 and um, he illustrated or he actually kind of laid 0:20:06.119 --> 0:20:08.720 this out for us in something that he calls a 0:20:08.840 --> 0:20:13.399 crack up boom. All right, a crack up boom. And 0:20:13.440 --> 0:20:16.400 the crack up boom is an economic crisis that involves 0:20:16.400 --> 0:20:19.639 a recession in the real economy and it collapse of 0:20:19.720 --> 0:20:24.159 the monetary system due to continual credit expansion resulting an 0:20:24.240 --> 0:20:29.840 unsustainable rapid price increases. All right, so think about that. Um, 0:20:29.880 --> 0:20:33.639 it's a it's an economic crisis. So the economy that 0:20:33.720 --> 0:20:37.919 involves a recession, all right, sound familiar. And then and 0:20:37.960 --> 0:20:42.800 then the monetary system do a continual credit expansion, so 0:20:42.880 --> 0:20:46.719 the economy is failing. Um. In southern California, we have, 0:20:46.880 --> 0:20:49.200 you know, all these ships off the port. We used 0:20:49.200 --> 0:20:52.520 to have none off the coast, and now they're stretching 0:20:52.680 --> 0:20:54.840 from Long Beach all the way to San Diego. You guys, 0:20:54.840 --> 0:20:56.520 probably don't know how far that is, but it's like 0:20:56.840 --> 0:20:59.240 hundreds of miles. I think there was a hundred and 0:20:59.240 --> 0:21:01.879 ten ship at some point sitting off off the coast. 0:21:02.119 --> 0:21:07.679 The economy is falling apart um while the monetary system 0:21:07.760 --> 0:21:12.000 has this continual credit expansion. So the Biden administration, the 0:21:12.359 --> 0:21:15.600 Brandon administration is continuing to try to push more money 0:21:15.640 --> 0:21:19.560 through one point nine trillion for this, another three point 0:21:19.560 --> 0:21:22.480 five trillion for this, and now, as I said, they 0:21:22.560 --> 0:21:25.000 want to come up with a hundred and fifty trillion 0:21:25.040 --> 0:21:27.560 dollars um and so where do they get that through 0:21:27.680 --> 0:21:30.800 credit expansions at the same time, right, so the economy 0:21:30.840 --> 0:21:33.600