Speaker 1: Hello, you are listening to the Mark Moa show where
Speaker 1: we are talking about bitcoin. We're talking about crypto, guarrensees,
Speaker 1: we are talking about the decentralized revolution that is happening
Speaker 1: right before our very eyes. And you know, I understand
Speaker 1: that not everybody sees the importance of what's going on. Um.
Speaker 1: Maybe it's like the proverbial, you know, frog in the
Speaker 1: pot of boiling water, you don't notice it around you,
Speaker 1: or or maybe it's like watching paint dry. But it
Speaker 1: is happening, and history books will be written about this
Speaker 1: point in time. I know my grandkids are gonna think
Speaker 1: back and go, man, I can't believe my great my
Speaker 1: granddad or my great granddad bought all that bitcoin. Um,
Speaker 1: it is going to be that big. And you know,
Speaker 1: we we we talk a lot about a lot of
Speaker 1: different things. You know, I covered the price a little bit.
Speaker 1: I'd like to say the price is a distraction because
Speaker 1: really in a new technology and emerging technology, we're looking
Speaker 1: for the the underlying or the fundamental things that are
Speaker 1: happening that that i'll you know, make us think that
Speaker 1: it's going to be so much bigger than it is. Um.
Speaker 1: If you're listening to me each and every week. Well,
Speaker 1: first off, if you're not to listen to me each
Speaker 1: and every week, then you should be. And so why
Speaker 1: don't you just pull out your phone right now, put
Speaker 1: a put a time stamp, but put a calendar appointment
Speaker 1: on this channel at this time. Uh, it will be
Speaker 1: the most profitable part of your week. But I like
Speaker 1: to say each and every week that the prices distraction.
Speaker 1: We want to look at two things, and so we
Speaker 1: want to look at um the growth of the network,
Speaker 1: how many users are using the network, and we want
Speaker 1: to look at the development that's happening on the network.
Speaker 1: Those are kind of the two things that we want
Speaker 1: to be looking at. And as long as the network's growing,
Speaker 1: more and more users are using it um and development
Speaker 1: is happening on it um, then we know that everything
Speaker 1: is still on track and that the future should be
Speaker 1: looking very very bright. And so I like to look
Speaker 1: at those things that that tells me more about the future.
Speaker 1: I think trying to, you know, think what the price
Speaker 1: is going to be by next week, or next month
Speaker 1: or even next year is is very difficult. The short
Speaker 1: term picture is very very hard to predict, if not impossible.
Speaker 1: But I think the longer term picture is easier. Right.
Speaker 1: For example, UM, if if you ate a big Mac
Speaker 1: every single day for lunch from now until the end
Speaker 1: of the month, how much you know, how much weight
Speaker 1: would you put on? For example? I mean, I don't
Speaker 1: really know, but what if you did that every day
Speaker 1: for three years? Right? It would probably easier to predict
Speaker 1: that in a couple of years from now than it
Speaker 1: would be in in in two weeks. And so that
Speaker 1: kind of gives you an idea like when you when
Speaker 1: you see these things happening now, it's easier to predict
Speaker 1: where they'll be in the future. And so one of
Speaker 1: the things I saw this week, which was which was massive, uh,
Speaker 1: and I guess it's it's sweeping through the industry is
Speaker 1: we're seeing multiple stadiums, football, basketball stadiums being being sponsored
Speaker 1: by you know, cryptocurrency companies. We saw, um the Staples
Speaker 1: Center in Los Angeles UM be renamed the Crypto dot
Speaker 1: Com Arena. I believe one of the big stadiums I
Speaker 1: think in Miami is sponsored by ft X, which is
Speaker 1: a big cryptocurrency exchange. And uh. This week we also
Speaker 1: saw a basketball team that the Houston Rockets have actually
Speaker 1: partnered in a sponsorship deal that's going to pay them
Speaker 1: out in bitcoin, which is pretty big. Now. You might
Speaker 1: have seen or heard of things like this happening before.
Speaker 1: As a matter of fact, I've talked about this sec
Speaker 1: I think a few weeks ago I talked about UM.
Speaker 1: The quarterback Aaron Rodgers has agreed to be paid in bitcoin.
Speaker 1: I think Tom Brady, the quarterback, is also being paid
Speaker 1: in bitcoin. We've seen Frances Soarez, he's the mayor of Miami.
Speaker 1: He was like I think, the first one who came
Speaker 1: out and said he was gonna be paid in bitcoin.
Speaker 1: Now we've seen I think I want to say five,
Speaker 1: four or five other mayors have come out saying they
Speaker 1: want to be paid in bitcoin. Even even the mayor
Speaker 1: I believe it was the new mayor of New York
Speaker 1: City said that they want to be paid in bitcoin. UM.
Speaker 1: And it's just so it's just spreading, right, It's just
Speaker 1: spreading and spreading and spreading, right. We want to look
Speaker 1: at the growth, the growth of the network, and it's
Speaker 1: like spreading like wildfire. I mean, one one mayor said
Speaker 1: he wants to be paid one athlete. I think the
Speaker 1: first athlete I really remember UM was Russell A. Kong.
Speaker 1: He's a football player. He was very very outspoken and
Speaker 1: getting paid in bitcoin as a football player, and that
Speaker 1: was probably two years ago. He's been super vocal. And
Speaker 1: now we're seeing athletes just left and right, UM, choosing
Speaker 1: to be paid in bitcoin. UM. And then you have
Speaker 1: one mayor like Frances Suarez in Miami and say Miami
Speaker 1: is going to be the bitcoin epicenter of the country.
Speaker 1: And now five other mayors, including New York City, have
Speaker 1: come out and said that in now New York City
Speaker 1: wants to compete with UM Miami to be the main
Speaker 1: bitcoins center. UM. And so that's the way to understand bitcoin.
Speaker 1: You have to understand a lot of things, and that's
Speaker 1: why it's difficult for most people to get it. You
Speaker 1: have to understand a lot of things. And so some
Speaker 1: of those things are history and monetary systems and currencies
Speaker 1: and technology, um. But you also have to understand philosophy
Speaker 1: like human sentences, and you have to understand game theory.
Speaker 1: And so this is the game theory, right. It's like, um,
Speaker 1: it's like a game of musical chairs. When the music stops,
Speaker 1: there's not gonna be enough chairs for everyone to go around.
Speaker 1: And so who's going to get those chairs first. And
Speaker 1: of course with bitcoin, there's a hardcap. There will never
Speaker 1: be more than twenty one million. Now that might sound
Speaker 1: like a lot, but let me put that into perspective
Speaker 1: for you. There's about approximately fifty million millionaires in the world.
Speaker 1: So there's not even enough bitcoin for all the millionaires
Speaker 1: in the world to own half of one. And uh,
Speaker 1: we have some people like Michael Saylor who owns hundreds
Speaker 1: of thousands of them. I don't know anywhere near that many,
Speaker 1: but I definitely own um some and uh, that means
Speaker 1: there's not even enough. Uh, there's not there's no work
Speaker 1: even close for these millionaires to get half of one.
Speaker 1: That's I mean, that's just how scarce it is. So
Speaker 1: that the music is starting to stop and everybody's grabbing
Speaker 1: their chairs. That's what the mayors are doing. Um, that's
Speaker 1: what these athletes are doing. We're even seeing nations do this, right,
Speaker 1: So El Salvador announced that they were gonna move to
Speaker 1: um using bitcoin as a currency, and now other nations
Speaker 1: are starting to do the same thing. But back to this.
Speaker 1: News that broke this week was the Houston Rockets, which
Speaker 1: I think was pretty big and what I liked about
Speaker 1: the Houston Rockets deal is it wasn't just like a
Speaker 1: personal kind of selfish thing. So what I mean by
Speaker 1: that is, uh, you know, if Aaron Rodgers, as I
Speaker 1: talked about, chooses to get paid in bitcoin, I mean
Speaker 1: that's great for him, right, Um, it increases his bitcoin stack.
Speaker 1: It doesn't really do much about much about other people
Speaker 1: and the and the bitcoin space overall. But um, here
Speaker 1: the NBA team, you know, the Houston Rockets, UM took
Speaker 1: it on and it says that they partnered with Nightigg
Speaker 1: in the sponsorship deal paid in bitcoin, and the team
Speaker 1: will provide bitcoin education programs for the community and bitcoin
Speaker 1: rewards and payment options for fans. That's what I mean
Speaker 1: selfish and and don't take that word the wrong way
Speaker 1: about what I mean is Aaron Rodgers going to buy bitcoin?
Speaker 1: That is great for him. But this is the team
Speaker 1: is going to provide bitcoin education programs for the community. Right,
Speaker 1: so they're gonna reach out and start building education programs
Speaker 1: for the people and really blow this up. And again
Speaker 1: remember we're looking for two things, right, the growth of
Speaker 1: the network and uh and the development on the network.
Speaker 1: So this is the growth of network. They're actively UM
Speaker 1: building out programs to grow the network, and that's massive.
Speaker 1: Of course, UH, you're probably we probably have plenty of
Speaker 1: sports fans listening to this, and they understand how much
Speaker 1: influence these sports fans have, where these athletes have and
Speaker 1: these brands have. And so when they're saying, hey, you
Speaker 1: should educate yourself on bitcoin, and then even better, they're
Speaker 1: paying bitcoin rewards UM and and allowing fans to pay
Speaker 1: in bitcoin, I mean, I think that's just going to
Speaker 1: be massive. UM. They said that bitcoin is uh provides
Speaker 1: a creative reward payment options for their fan base and
Speaker 1: associates UM. And it says the Rockets quote, the Rockets
Speaker 1: will be hashtag paid in bitcoin. UM. So I think
Speaker 1: that's massive. I think that's that's that's awesome. UM deliver
Speaker 1: new opportunities, new experiences for the Rocket fans, for the
Speaker 1: city of Houston. UM. Of course their Houston, Texas, which
Speaker 1: Houston has become the epicenter, literally the leader, the global
Speaker 1: leader in bitcoin mining. The governor of Texas, Governor Abbott,
Speaker 1: has even been talking about UM making bitcoin main currency
Speaker 1: in the state. So I guess there's no surprise that
Speaker 1: the Houston Rockets are the first ones to do this.
Speaker 1: But think about the growth that this will create, think
Speaker 1: about the buzz that this will create. And then, like
Speaker 1: I said, not just in them using it selfishly, like hey,
Speaker 1: we're gonna put part of our savings into it, but no,
Speaker 1: we're going to create programs to educate people and incentivize
Speaker 1: people to use it. That is massive. And so when
Speaker 1: I see that, that tells me that the that the
Speaker 1: network is going to grow, and when the network grows,
Speaker 1: the price is going to grow. After that, now, I
Speaker 1: want to talk about some other things that are really
Speaker 1: going to trigger Bitcoin's growth even faster. Um, I'm gonna
Speaker 1: show you some numbers that are going to probably blow
Speaker 1: your mind. By the way, you're listening to the Mark
Speaker 1: mos Show, and of course we're talking about bitcoin and
Speaker 1: cryptocurrencies and the decentralized revolution. We'll be right back. Let's
Speaker 1: tell you more about Bitcoin's skyrocket. All right, welcome back.
Speaker 1: You are listening to the Mark Moa Show, and we're
Speaker 1: talking about bitcoin, of course, each and every week, don't
Speaker 1: miss it. We're talking about bitcoin, we're talking about cryptocurrencies,
Speaker 1: we're talking about the decentralized revolution, and I'm trying to
Speaker 1: give you the play by play each and every week,
Speaker 1: so you have the information that you need to be
Speaker 1: well equipped, to be properly equipped to be positioned to
Speaker 1: take advantage of this the biggest opportunity you'll ever have UM.
Speaker 1: And if you listen to me each every week, I
Speaker 1: promise you you're gonna have in formation that most people
Speaker 1: don't have. So when you go to those parties, UH,
Speaker 1: you're gonna you're gonna sound like the smartest guy there.
Speaker 1: So if there's no other reason, just so you're cool,
Speaker 1: go ahead and listen to me. But it would probably
Speaker 1: be much more profitable for you than that over the
Speaker 1: long run. Now, before the break, I was talking about
Speaker 1: UM the again, right that I say it over and over.
Speaker 1: The prices a distraction. We want to look at the
Speaker 1: network growth and the development. And we look at the
Speaker 1: network growth, we look at the amount of people, the
Speaker 1: number of people using it. We're talking about the Houston Rockets,
Speaker 1: the basketball team. UM is going to start UM allowing
Speaker 1: people to pay in bitcoin, provide education for the community
Speaker 1: UM and centives, rewards, et cetera. And so that's gonna
Speaker 1: that's just going to accelerate the adoption, to accelerate the
Speaker 1: growth of the network so fast that it's just gonna
Speaker 1: blow minds. But there's some other things that are going
Speaker 1: on that are going to do that even more. And
Speaker 1: one of those things is that, um, the bitcoin will
Speaker 1: continue to look more and more attractive in US dollars terms,
Speaker 1: because as the US dollar itself is continuing to go
Speaker 1: down and down and down. What do I mean by that, Well,
Speaker 1: a lot of people think that their homes have become
Speaker 1: more valuable. Oh my gosh, I can't believe it. My
Speaker 1: home used to be five thousand dollars and now it's
Speaker 1: eight hundred thousand dollars. My house went up in value.
Speaker 1: M I hate to break it to you, Um, your
Speaker 1: home didn't go up in value. The dollars became worth less,
Speaker 1: and now it takes more dollars to buy that home. Um. Uh.
Speaker 1: I recently bought some property out in in the Austin,
Speaker 1: Texas area, and I was talking to some other friends
Speaker 1: that are out there, and one of them, um bought
Speaker 1: a house on Lake Travis, which is I'm not on
Speaker 1: the lake, but on Lake Travis out there of Austin.
Speaker 1: And he bought his house a year ago for ten
Speaker 1: million dollars and just sold it one year later for
Speaker 1: twenty two million. Insane bought it for ten million and
Speaker 1: sold it for twenty two million dollars. But guess what,
Speaker 1: the house didn't go up in value. The dollars lost value.
Speaker 1: It takes more dollars to buy those things. And so
Speaker 1: as the dollar continues to lose purchasing power, those dollars
Speaker 1: purchase less homes today than they did before. People look
Speaker 1: for ways to increase their purchasing power. And so as
Speaker 1: the dollar is going down and bitcoin is going up
Speaker 1: in value, Bitcoin continues to look more and more attractive.
Speaker 1: That's why I will continue to see the network grow. Now.
Speaker 1: As I said, as those dollars are losing value for
Speaker 1: for a number of reasons, but primarily because the government,
Speaker 1: the central banks cannot stop printing them. They cannot stop
Speaker 1: creating money. They are printing. They're creating money like it
Speaker 1: is going out of style, like we've never seen any
Speaker 1: time in all of history. As a matter of fact,
Speaker 1: somewhere between thirty of all the dollars in existence today
Speaker 1: we're created in the last year and a half. Wow,
Speaker 1: that is amazing. I mean, we've just never seen growth
Speaker 1: like that. We've seen about twenty five percent inflation per
Speaker 1: year What that means is that prices they created about
Speaker 1: um the money supply increased about in the year, and
Speaker 1: then we see prices go up by about in a
Speaker 1: year now. Some places like Lake Travis go up, some
Speaker 1: places go up less than but on average that's what
Speaker 1: we've seen. But they want to spend even more money.
Speaker 1: They can't get enough. As a matter of fact, last
Speaker 1: week the world leaders all met in Glasgow at this
Speaker 1: climate Climate summit, and they they made a bunch of
Speaker 1: big proclamations, a bunch of big moves, and um, they
Speaker 1: basically came back saying that in order to save the world,
Speaker 1: we have to destroy it. They didn't actually say that,
Speaker 1: but they said, in order to save the world, we
Speaker 1: have to act quick and we have to do all
Speaker 1: this spending. Who saved the environment to go green? We
Speaker 1: want to go net zero is actually the quote that
Speaker 1: they said. And they came back and they put this
Speaker 1: report together, all these things that we have to do
Speaker 1: in order to get to net zero per This s
Speaker 1: c OP is what they met on. And so in
Speaker 1: order to achieve the transition to clean technologies in all
Speaker 1: sectors at an unprecedented pace would be required. They said
Speaker 1: that they're gonna have to to steer the governments and willingness
Speaker 1: of society. That's the keyword. We have to steer governments
Speaker 1: and the willingness of society because the society and don't
Speaker 1: want to go along with this UM. And guess what,
Speaker 1: it's going to cost a lot of money. It's gonna
Speaker 1: cost a lot of mind. As a matter of fact,
Speaker 1: it's going to cost more money than we've ever seen
Speaker 1: in the history of the world. I don't know where
Speaker 1: they're gonna get it from UM, but they're gonna somehow
Speaker 1: get it. I'm guessing they're going to print it. The
Speaker 1: money printers are gonna be printing all night long, worrying
Speaker 1: like like machines, and so UM Bank of America basically
Speaker 1: went through all of the UM proposals that were put
Speaker 1: together to get that zero and Bank of America came
Speaker 1: out with the report and said that UM. They said,
Speaker 1: the key question is how much will it cost? Question
Speaker 1: Mark Well. Bank of America. UM writes that a hundred
Speaker 1: and fifty trillion dollars will need to be spent over
Speaker 1: the next thirty years, which is five trillion dollars per year.
Speaker 1: Now I know, we go numb to numbers so maybe
Speaker 1: that doesn't mean a lot to you. UM, but let
Speaker 1: me just man, man, it's such a big number. How
Speaker 1: do we put into perspective? Basically, it's twice the current
Speaker 1: global GDP twice two times so UM, typically you would
Speaker 1: normally people like you and me are business as our households,
Speaker 1: we would spend less money than we bring in, the
Speaker 1: government should also spend less money than they bring in.
Speaker 1: That's the GDP. But no, they want to um spend
Speaker 1: twice the current global GDP five trillion dollars and annual
Speaker 1: investments UM A hundred and fifty chill. Now, to put
Speaker 1: this into even more perspective, UM, the entire debt of
Speaker 1: the United States over the last I mean two hundred
Speaker 1: years is now up to an eye break, you know,
Speaker 1: a nosebleed height of about twenty eight trillion UM, which,
Speaker 1: as I said about that was creating the last year
Speaker 1: and a half UM trillion. They want to spend a
Speaker 1: hundred and fifty a hundred and fifty thirty, they want
Speaker 1: to spend thirty two. I mean, it's just it's just insane.
Speaker 1: It's just insane. But what's going to happen? Well, the
Speaker 1: about they're going to print more dollars, the value of
Speaker 1: those dollars will continue to go down and down and down.
Speaker 1: They'll be buying less gasoline will be twenty five dollars
Speaker 1: a gallon. Oil will be three a gallon. You probably
Speaker 1: won't be able to travel by air anymore because it
Speaker 1: will be so expensive, UM. And that is only going
Speaker 1: to make Bitcoin look more and more attractive, because of
Speaker 1: course they can't add to the supply a bitcoin. It's fixed.
Speaker 1: They can't do that. So we're gonna have one asset
Speaker 1: that they're printing so fast, they're manipulating so fast, that's
Speaker 1: going down in value, and then we have another asset
Speaker 1: that can't be manipulated, and that will be going up
Speaker 1: in value. And when people start to see that um contrast,
Speaker 1: of course they're going to be jumping over into the
Speaker 1: new asset. Now that's what Bank of America said hundred chillion,
Speaker 1: but some estimates say even more. As a matter of fact,
Speaker 1: UM the b n e F as a higher estimate.
Speaker 1: They say the total investment needed for energy supply and
Speaker 1: infrastructure could be as high as a hundred and seventy
Speaker 1: three D seventy three trillion, almost six chillion annually UM
Speaker 1: but there's something that will happen before we get to
Speaker 1: the level. There's a trigger that was predicted by one
Speaker 1: of my favorite economists that I want to talk about
Speaker 1: when we come back. UM, something that when this trigger happens,
Speaker 1: it's like a floodgate is going to happen. UM. So
Speaker 1: I'm gonna tell you about that when I get back.
Speaker 1: By the way, you're listening to the Mark Mash We're
Speaker 1: talking about bitcoin, We're talking about cryptocurrencies. We're talking about
Speaker 1: this decentralized revolution. We're talking about potentially the end of
Speaker 1: currency as we know it. UM, don't go away, We're
Speaker 1: gonna listen. We're gonna come back and talk about um,
Speaker 1: the trigger point. I'll be right back. All right, welcome back.
Speaker 1: You are listening to the Mark ma Show, and we're
Speaker 1: talking about bitcoin. We're talking about cryptocurrencies, we're talking about
Speaker 1: the decentralized revolution. I want to tell you that we're
Speaker 1: talking about bitcoin because you should join me each and
Speaker 1: every week because we're literally sitting on the biggest shift
Speaker 1: to humanity that we've ever seen. It's a technological revolution. UM.
Speaker 1: I know a lot of people are trying to figure out,
Speaker 1: like what's going on with the technology and what are
Speaker 1: these n f T things? And can I make a
Speaker 1: jpeg that I can buy on the blockchain? But it's
Speaker 1: way bigger than that. We have way bigger problems than that,
Speaker 1: and this is gonna be way more monumental than that. So, UM,
Speaker 1: we're not talking about pokemon cards UM on blockchains. I'm sorry. UM.
Speaker 1: We are talking about the problem in the world that's
Speaker 1: happening right now that is going to create a massive
Speaker 1: problem for most people, but also potentially the biggest opportunity
Speaker 1: of your life if you're paying attention now. Before the break,
Speaker 1: I was talking about how um as the dollar value
Speaker 1: is going down, meaning the purchasing power, meaning it purchases
Speaker 1: less and less and less because they're printing more and
Speaker 1: more and more UM. That is going to make more
Speaker 1: and more people want to go to bitcoin, right, So
Speaker 1: they're manipuating the money supply printing more money. I talked
Speaker 1: about how under the new UM climate change that they
Speaker 1: did at the COP twenty six last week, they want
Speaker 1: to spend about a hundred and fifty trillion dollars UM
Speaker 1: to somehow you know, reduced greenhouse gases or something like that,
Speaker 1: and so that is only going to continue to make
Speaker 1: the dollar worth less or worthless, um, and more and
Speaker 1: more people will be jumping ship out of that sinking
Speaker 1: boat and moving into something that can't be manipulated. Now
Speaker 1: there's a there's a process that was highlighted by one
Speaker 1: of my favorite economists. His name is Ludwig Gavon Mess
Speaker 1: and um, he illustrated or he actually kind of laid
Speaker 1: this out for us in something that he calls a
Speaker 1: crack up boom. All right, a crack up boom. And
Speaker 1: the crack up boom is an economic crisis that involves
Speaker 1: a recession in the real economy and it collapse of
Speaker 1: the monetary system due to continual credit expansion resulting an
Speaker 1: unsustainable rapid price increases. All right, so think about that. Um,
Speaker 1: it's a it's an economic crisis. So the economy that
Speaker 1: involves a recession, all right, sound familiar. And then and
Speaker 1: then the monetary system do a continual credit expansion, so
Speaker 1: the economy is failing. Um. In southern California, we have,
Speaker 1: you know, all these ships off the port. We used
Speaker 1: to have none off the coast, and now they're stretching
Speaker 1: from Long Beach all the way to San Diego. You guys,
Speaker 1: probably don't know how far that is, but it's like
Speaker 1: hundreds of miles. I think there was a hundred and
Speaker 1: ten ship at some point sitting off off the coast.
Speaker 1: The economy is falling apart um while the monetary system
Speaker 1: has this continual credit expansion. So the Biden administration, the
Speaker 1: Brandon administration is continuing to try to push more money
Speaker 1: through one point nine trillion for this, another three point
Speaker 1: five trillion for this, and now, as I said, they
Speaker 1: want to come up with a hundred and fifty trillion
Speaker 1: dollars um and so where do they get that through
Speaker 1: credit expansions at the same time, right, so the economy
Speaker 1: is falling apart, the credit expansion is happening. So it's
Speaker 1: really those two key features, right, excessively expansionary monetary policy
Speaker 1: in addition to the normal consequences and to um which
Speaker 1: leads a hyper inflation. So that's kind of what what
Speaker 1: the setup is. I want to read you a couple
Speaker 1: of things here. Now, um, there might be a lot
Speaker 1: of economists listen to this. There might be a lot
Speaker 1: of people who majored in economics in college, and you
Speaker 1: might not be familiar with the what's known as Austrian
Speaker 1: economics or the Austrian school of US economics. And that's
Speaker 1: because it's purposely not taught to you. And the reason
Speaker 1: why it's purposely not taught to you is because it
Speaker 1: doesn't make printing money unlimited seemed like a good idea,
Speaker 1: and so, uh, they don't want anybody to think that.
Speaker 1: So in the Austrian business cycle theory, in the normal
Speaker 1: course of an economic boom would be driven driven by
Speaker 1: an expansion of money and credit. The structure of the
Speaker 1: economy becomes distorted in ways that eventually result in shortages
Speaker 1: of various commodities and types of labor. All right, I'm
Speaker 1: reading that. Um, I'm reading that word for word. So
Speaker 1: in the normal course of an economic boom, driven by
Speaker 1: expansion of money again, right, expanding the money supply. So
Speaker 1: for those of you guys don't know, in uh, in
Speaker 1: one we broke the gold standard and we've been expanding
Speaker 1: the money supply. The gold standard kept the US dollar
Speaker 1: supply fixed tied to gold, and since then it's been expanding.
Speaker 1: So it's an expand expansion of money. So in economic boon,
Speaker 1: driven by the expansion of money and credit, which is
Speaker 1: what we've had, right, um that says the structure of
Speaker 1: the economy becomes distorted in ways that eventually result in
Speaker 1: shortages of various commodities and types of labor. So the
Speaker 1: economy becomes distorted because money is what what is what
Speaker 1: communicates value. The price is the signal that helps coordinate things.
Speaker 1: So how do I know if I should make more
Speaker 1: of one thing and less of another. Well, the price.
Speaker 1: If nobody will buy anything for it, then I should
Speaker 1: probably stop making it. If a lot of people will
Speaker 1: pay a lot of money for it, I should probably
Speaker 1: make more. The price is what coordinates eight billion people
Speaker 1: around the world. But when that becomes distorted, as it says,
Speaker 1: because of the fake money that was poured in, it
Speaker 1: results in shortages of various commodities and types of labor.
Speaker 1: That sounds like what we have going on right now.
Speaker 1: Supply chains are backed up. Why because they don't have
Speaker 1: the parts they need? Why because they can't get the supplies.
Speaker 1: Why because they can't get commodities. Why we have we
Speaker 1: have shortages of labor. That sounds familiar. Now everybody thinks
Speaker 1: this is transitory. We don't understand why Joe Biden promises
Speaker 1: he's going to get to the bottom of this. He's
Speaker 1: gonna file Uh, he's gonna look at the SEC and
Speaker 1: have them to start looking into businesses to figure out
Speaker 1: if they're doing some unfair things. No, no, no, no,
Speaker 1: it's the expansion of money and credit. It was predicted
Speaker 1: years ago. Okay, so then um which then leads to
Speaker 1: increasing consumer price inflation. So results in shortage of various
Speaker 1: commodities and types of labor, which then lead to increasing
Speaker 1: consumer price inflation. Sound familiar, Then I'm gonna read again.
Speaker 1: The rising prices and limited availability of necessary inputs and
Speaker 1: labor put pressure on businesses and cause a rash of
Speaker 1: failures of various investment projects and business bankruptcies. This is
Speaker 1: known as the real resource crunch, which triggers the turning
Speaker 1: point in the economy from boom to bust. All this,
Speaker 1: we knew this was going to happen. This is what
Speaker 1: happens when you have a monetary expansion. This is why
Speaker 1: they don't teach Austrian. Uh, Austrian economics in colleges. They
Speaker 1: don't want you to know this. One of my other
Speaker 1: favorite economists, Frederick Hyak, he's Austria, also from Austrian school.
Speaker 1: Now he actually won a Nobel Prize in Economics in
Speaker 1: the seventies. UM, so they did recognize it back then.
Speaker 1: That was, of course, when we were still in the
Speaker 1: gold standard. UM and he famously described the situation as
Speaker 1: like grabbing quote, grabbing a tiger by the tail. Once
Speaker 1: the central bank decides to accelerate the process of credit
Speaker 1: expansion and inflation in order to head off any recession risk,
Speaker 1: then it continually faces the same choice of either accelerating
Speaker 1: the process further or facing an even greater risk of
Speaker 1: recession as distortions build in the real economy. So UM,
Speaker 1: again they warned us fifty years ago this was ap
Speaker 1: But once it starts, you can't op um. You either
Speaker 1: one have to continue go, which continues to make the
Speaker 1: problem worse, or you stop, which puts the whole system
Speaker 1: at risk and and crashes everything. And so you want
Speaker 1: to know why supply chains aren't working. You want to
Speaker 1: know why things aren't working. You understand. I was trying
Speaker 1: to fly home from Miami on Monday too, back to
Speaker 1: my house in Puerto Rico, and my flight was delayed,
Speaker 1: and it was delayed again, and then there was a
Speaker 1: problem with the plane, and then UM they had to
Speaker 1: they had to get us another plane, and then the
Speaker 1: crew timed out and had to go home. Like this
Speaker 1: stuff happens all the time. Now, this didn't used to happen.
Speaker 1: The world used to work, boats, used to get unloaded,
Speaker 1: planes used to fly. All these problems are a symptom
Speaker 1: of what's going on now. This is putting um, you know,
Speaker 1: putting stress is putting pressure on the dollar. They're creating
Speaker 1: more and more dollars to try to that's the only option.
Speaker 1: But it makes them worth less, which then makes bitcoin
Speaker 1: more attractive. It's it's the safe DeValve. Now there's a point,
Speaker 1: there's a trigger where something happens, and I want to
Speaker 1: explain to you what that is, because you don't have
Speaker 1: time once this trigger happens, you don't have time to
Speaker 1: make a move afterwards. You have to make a move
Speaker 1: before the trigger happens. Of course, you have to buy
Speaker 1: you have to buy insurance on your house before the
Speaker 1: fire burns it down, not after. And so I want
Speaker 1: to tell you about this trigger that's potentially coming um
Speaker 1: because like I said, if you wait until you see it,
Speaker 1: it's gonna be too late. And so I want to
Speaker 1: show you right now how we can see it's already
Speaker 1: about to trigger. We'll talk about that, of course. You
Speaker 1: listen to the Mark mo Show. We're talking about bitcoin,
Speaker 1: We're talking about cryptocurrencies, We're talking about the decentralized revolution.
Speaker 1: We're talking about why, why bitcoin, why bitcoin is about
Speaker 1: to explode, and why you might want to consider getting
Speaker 1: a little bit. Listen to Mark Moss. I'll be right back.
Speaker 1: All right, welcome back. You are listening to the Mark
Speaker 1: mass Show, and we're talking about bitcoin. We're talking about cryptocurrencies,
Speaker 1: we're talking about the decentralized revolution. We're talking about economics.
Speaker 1: We're talking about the economy. We're talking about warnings that
Speaker 1: were given to us a long time ago by Ludwig
Speaker 1: von Mesas and Frederick Hyak from the Austrian School of Economics.
Speaker 1: The reason why we're talking about those things is because
Speaker 1: that is why bitcoin is here today, that is why
Speaker 1: bitcoin will be here in the future, and that is
Speaker 1: why you probably want to go buy some, if not
Speaker 1: a bunch of bitcoin right now. Um, everybody, you know,
Speaker 1: I've been doing this for about seven years now and
Speaker 1: it never fails. You know, last week when bitcoin pumped
Speaker 1: up to it's it's high, you know, shot up to
Speaker 1: about sixty dollars. I'm getting text messages from people I
Speaker 1: haven't talked to in five years? Should I buy it?
Speaker 1: Should I buy it? Is it too late? What do
Speaker 1: you think? Right? All these things, they're failing to take
Speaker 1: the time to understand. Why, Why would I buy it?
Speaker 1: Why would I think it would go up in the future? Why? Uh?
Speaker 1: And if I understand why I think it would go up,
Speaker 1: then where will it go? How high will it go?
Speaker 1: We have to understand why. And so that's what we're
Speaker 1: talking about. We're talking about economics, and I know it's
Speaker 1: not the most fun or most sexy uh subject or topic.
Speaker 1: I'm trying to make us some entertaining for you. And
Speaker 1: we were talking about what Loons is called the crack
Speaker 1: up boom, and he basically told us that, UM, you know,
Speaker 1: when you expand the money supply, when you have an
Speaker 1: economic boom driven by an expansion of money and credit, UM,
Speaker 1: then you get, um, the economy becomes distorted and you
Speaker 1: have shortages, and you have you know, commodity shortages, labor shortages. UM.
Speaker 1: It leads to consumer price inflation. Now, UM, the leaders
Speaker 1: of this country today can't seem to figure out what's
Speaker 1: going on with inflation. But that's it. It's us, It's
Speaker 1: right there in front of us. Now, what's important to
Speaker 1: understand is that Dring von Mises talks about in this
Speaker 1: crack up boom. He says that with each substant round
Speaker 1: of an expansion and prices increase, then people can no
Speaker 1: longer afford these high prices, so the central banks have
Speaker 1: to expand even more to accommodate more prices. And basically
Speaker 1: what happens is the the central bank has to continue
Speaker 1: to be involved. They have to continue to stimulate the economy,
Speaker 1: which is exactly what they're doing. So Biden says, hey,
Speaker 1: let's go and uh, we're gonna go fix the problem
Speaker 1: with with the with the with the ships that can't
Speaker 1: get unloaded and long beach, or let's go fix the
Speaker 1: problem with high gas prices, or let's go fix um,
Speaker 1: you know, the the the the climate or whatever it is.
Speaker 1: But each time they do, it only makes the system
Speaker 1: worse and worse and worse. Now, the point that we
Speaker 1: get to at some point is this actual crack up boom,
Speaker 1: And basically what happens is that once the public realizes
Speaker 1: what's going on, which of course is why they're not
Speaker 1: telling you. Once the public realizes what's going on, once
Speaker 1: the public realizes that the quantity of money will just
Speaker 1: continually expand, once the public realizes that inflation is not
Speaker 1: a problem, it's actually the goal. Like this price inflation,
Speaker 1: the price is getting more and more expensive every day
Speaker 1: on you, every year on you, like um, gasoline getting
Speaker 1: more expensive. Your house is getting more expensive, your food
Speaker 1: getting more expensive. That's not a symptom they're trying to solve.
Speaker 1: That's their goal. The stated goal of the central bank
Speaker 1: is two percent inflation. That's their goal. They want prices
Speaker 1: to be getting more expensive on you. They want your
Speaker 1: dollars to buy less and less goods in the future.
Speaker 1: That's their goal. This is not a conspiracy, look it up.
Speaker 1: That's their goal. That means that you're losing ten of
Speaker 1: your purchasing power every five years. That's what that means.
Speaker 1: And it's what what Mesa says is that once people
Speaker 1: realize that this money expansion is going it can never
Speaker 1: stop and it's going to continue. Once they realize that
Speaker 1: inflation is actually the goal, then it stops. It cracks apart,
Speaker 1: boom just like that. Why why does it do that?
Speaker 1: It's because something known as trust. Now, if any of
Speaker 1: you guys have ever been in a relationship, any type
Speaker 1: of relationship of business, relationship, of marriage, of a boyfriend, girlfriend,
Speaker 1: any kind of relationship, you know about trust. Trust is
Speaker 1: something that's very fragile. As a matter of fact. Growing up,
Speaker 1: my dad continually told me over and over and over
Speaker 1: and over and over again that it takes a lifetime
Speaker 1: to build up trust, and it takes one instance to
Speaker 1: ruin it. A lifetime to build up trust and one
Speaker 1: instance to that's how quickly it falls apart. Now, a
Speaker 1: lot of people think that the that the dollar, the
Speaker 1: United States dollar is backed by Some people still think
Speaker 1: it's backed by gold. Um. Some people think it's backed
Speaker 1: by the credit of the government, um, which whatever that means,
Speaker 1: because the credit of government is dollars. Some people think
Speaker 1: it's backed by the military. It's backed by the guns. Right,
Speaker 1: it's backed by the military. Um. Well, none of those
Speaker 1: things are right. None of those things are anywhere close
Speaker 1: to correct. Um. A military doesn't keep the dollar worth something. Um.
Speaker 1: Countries that currencies felt all the time. I have militaries
Speaker 1: and their currency still fells. The dollar is backed by trust, right,
Speaker 1: you have to trust that somebody else will take it
Speaker 1: from you in the future. Otherwise you wouldn't hold it down.
Speaker 1: In Venezuela, where the currency blows up, um, people don't
Speaker 1: want to hold the currency. They don't trust it. As
Speaker 1: a matter of fact, you can find it lined up
Speaker 1: in the streets and people are scrambling to get into
Speaker 1: any other asset. They can not hold that that currency.
Speaker 1: So they're trying to buy bitcoin, they're trying to buy
Speaker 1: whatever they can buy, gold, food, whatever, anything they can buy.
Speaker 1: And rather than holding that money, and so it's backed
Speaker 1: by trust. And as I said, right, trust is very fragile,
Speaker 1: and once it's broken, it does isn't come back very easily.
Speaker 1: And so m trust is what's holding the dollar. Now.
Speaker 1: You may not know this, but the but the banking
Speaker 1: system in United States, the Federal Reserve and the banking
Speaker 1: system runs on something called fractional reserve banking. And that
Speaker 1: means that when you deposit your money in the bank,
Speaker 1: your money doesn't sit there in the bank for you.
Speaker 1: As a matter of fact, the bank loans it back out.
Speaker 1: And for every um one dollar you put in, they
Speaker 1: can loan out about nine dollars. And then they loan
Speaker 1: out those nine dollars two guys that buy more things.
Speaker 1: They buy a car, they bought a house, whatever, And
Speaker 1: that money goes in the bank, and then the bank
Speaker 1: makes more money off that, and that money goes in
Speaker 1: the bank, and they make more money off that, and
Speaker 1: on and on and on. So the bank doesn't have
Speaker 1: your money. If people have stopped trusting the banks and
Speaker 1: said I'm gonna get my money back, there's no money there.
Speaker 1: As a matter of fact, if if if about one
Speaker 1: percent of the people in the country gave up trust
Speaker 1: of the bank and said I don't trust you, I
Speaker 1: want my money, I'll take the cash, one percent of
Speaker 1: the people going to the bank to pull older money
Speaker 1: out would cause an entire collapse of the system. That's
Speaker 1: how fragile trust is now. Um. A new global survey
Speaker 1: came out just just late this week, and I said,
Speaker 1: fort of people globally say they trust bitcoin over local currencies.
Speaker 1: That's trust. People don't trust their currency. People don't trust
Speaker 1: their governments, and of course there's no reason why they should.
Speaker 1: They're lied to at every moment. And not only are
Speaker 1: they lied to, they're constantly censored and quieted. Um, they're
Speaker 1: constantly misled. Right, So so why could the leaders are
Speaker 1: always wrong? They're telling us that they don't know why
Speaker 1: inflation is here, but it's right in front of our faces.
Speaker 1: We've known it all along, and so why should they
Speaker 1: trust us? And the thing about trust is again back
Speaker 1: to a relationship with a business partner or a girlfriend, boyfriend, whatever,
Speaker 1: you know. You may suspect that business partner of doing
Speaker 1: something wrong um and that trust is failing and it's failing,
Speaker 1: and it's failing, and you're starting to gather more info
Speaker 1: and more info is failing, is failing, is failing, and
Speaker 1: finally it's broken. So if you find that piece of
Speaker 1: finally something happens and that trust is gone, it's never
Speaker 1: coming back. And that's where we're that's where we're headed.
Speaker 1: That's the that's the moment, that's the crack up boom.
Speaker 1: We're already attent of people say they trust bitcoin more
Speaker 1: than their local currency, and those people they're continuing to
Speaker 1: build more information, more information and more information. That's why
Speaker 1: you see these athletes saying they want to get paid
Speaker 1: in bitcoin. That's why you see um um publicly traded
Speaker 1: companies saying they want to hold bitcoin. That's why you're
Speaker 1: seeing governments now like Salvado were saying they don't want
Speaker 1: to hold dollars, they want to hold um, they want
Speaker 1: to hold bitcoin. And that's why the dollar is continuing
Speaker 1: to lose value. People don't trust it, they don't want
Speaker 1: to hold it. And you know, trust is fragile, it's
Speaker 1: about to be broken. And when it's broken, at that moment,
Speaker 1: no one's gonna hold it and everyone's gonna go buy bitcoin.
Speaker 1: The only question is are you going to be in
Speaker 1: position before that happens or will you be one of
Speaker 1: those people trying to get in after the music stops.
Speaker 1: We like to say that everybody will buy at the
Speaker 1: price they deserve, but you have a chance to get
Speaker 1: in earlier. You're listening to the Markma Show. We're talking
Speaker 1: about bitcoin, we're talking about cryptocurrencies, we're talking about the
Speaker 1: decentralized revolution. I'm trying to give you the head start.
Speaker 1: Grab your chair before the music stops, because the crack
Speaker 1: up boom is coming.