Speaker 1: Hello, and welcome back to another episode of The Markmas Show,
Speaker 1: where we talk about the decentralized revolution each and every week,
Speaker 1: the way the world's changing through the lens of politics
Speaker 1: and finance and technology, moving from a world of centralization
Speaker 1: to decentralization. And uh man, there's so much going on
Speaker 1: in the world, so much that continues to prove this
Speaker 1: thesis is coming true and we need to keep an
Speaker 1: eye on it. You know, people always ask me, Mark,
Speaker 1: when is it gonna happen? When is it gonna happen.
Speaker 1: I'm like, it's happening. It is apt like it's happening now,
Speaker 1: we're watching it. And so I always want to remind
Speaker 1: you it's a process and not an event. A process
Speaker 1: and not an event. Now, um, a little story about that.
Speaker 1: Um so I I am still but in one of
Speaker 1: my former lives, I was a full time real estate investor,
Speaker 1: buying properties, fixing, flipping. But I was also buying dirt
Speaker 1: and building from the ground up right, um. And those
Speaker 1: projects will take four or five years, sometimes longer. Let's
Speaker 1: say for example, that I heard, uh I was at
Speaker 1: a town a town hall meeting and they said, hey, uh,
Speaker 1: you know our five year plan Um, this this piece
Speaker 1: of land that's about thirty miles from town. Uh, we're
Speaker 1: gonna build a new football stadium there, and um, it's
Speaker 1: gonna be We're gonna try and push every all the
Speaker 1: growth of the town towards this football stadium is gonna
Speaker 1: be amazing. You want to build entertainment and how's in
Speaker 1: blah blah blah blah blah. And I'm like, wow, that's amazing.
Speaker 1: The next morning, I leave and I go by as
Speaker 1: much land as I can in that area, right, but
Speaker 1: I know that it's not gonna be built for five years.
Speaker 1: So what am I doing? I need to make sure,
Speaker 1: like is this project still on tracks? So I'm monitoring
Speaker 1: now have they got you know, have they got the plans,
Speaker 1: are they getting the permits? Have they secured the financing?
Speaker 1: Are they breaking ground? Have they started building? Right? And
Speaker 1: so I'm monitoring the progress to make sure that thing
Speaker 1: is still happening. Now if I find out oh no,
Speaker 1: I guess what they found out They had nuclear waste
Speaker 1: on that on that land they could no longer build anymore, Well,
Speaker 1: then okay, the projects off. So we want to These
Speaker 1: are processes, not events, and so this is happening and
Speaker 1: we see the daily signs to show us as is happening,
Speaker 1: so we can act accordingly. Um. And so that's why
Speaker 1: I like to look at all of this news now,
Speaker 1: big news in the economy. Uh. I put out a
Speaker 1: put out a I think, a story on Instagram. If
Speaker 1: you're not following me on Instagram or Twitter, you should. Uh.
Speaker 1: It's just one Mark Moss, just the number one Mark Moss.
Speaker 1: And I put out a story on Instagram. And I
Speaker 1: was like, tongue in cheek obviously, but I'm like, all right,
Speaker 1: congratulations he congratulations. Uh. The United States debt finally surpassed
Speaker 1: thirty one trillion dollars for the first time. Uh, tongue
Speaker 1: in cheek, But that's a big number, dirty one trillion
Speaker 1: dollars for the first time ever. It's not a milestone
Speaker 1: to celebrate. So I was being tongue in cheek. Now,
Speaker 1: not only not only have we passed thirty one trillion dollars,
Speaker 1: which is not a good milestone, it's a grim mouse dun.
Speaker 1: At the same time, as the debt is absolutely exploding,
Speaker 1: we have soaring interest rates, so that means not only
Speaker 1: are we getting more debt, but we have to pay
Speaker 1: more for the debt at the same time, which is
Speaker 1: a pretty big deal. Uh, We're seeing inflation higher than
Speaker 1: we've seen in forty years, interest rates are going up,
Speaker 1: and the debt is growing as well. Now we have
Speaker 1: we have this phenomenon. It's growing faster than it has
Speaker 1: any time in history. I believe. I believe it's gone
Speaker 1: up by four trillion since Biden took office, or within
Speaker 1: the last couple of years. I don't have the exact
Speaker 1: number in front of me. UM, but what we do
Speaker 1: know is that UM, we are spending more. The interest
Speaker 1: on the debt is going up more, which means we
Speaker 1: have less money to put towards other things. And tax
Speaker 1: receipts are coming down m So the amount of income
Speaker 1: coming in is going down, but are spending is going
Speaker 1: up and the debt that we have is getting more expensive.
Speaker 1: It's not a good it's not a very good combo
Speaker 1: to have. As a matter of fact, we see that
Speaker 1: Congress and the President have approved a combined one point
Speaker 1: nine trillion and new borrowing, and President Biden has approved
Speaker 1: four point nine trillion in new deficits since taking office.
Speaker 1: So five trillion dollars in deficits. What does that mean?
Speaker 1: That's the difference of the income and the expenses. So
Speaker 1: let's say that you make a hundred thousand dollars a year,
Speaker 1: but you need a hundred and twenty thousand to live,
Speaker 1: so you're borrowing off of credit cards or whatever. So
Speaker 1: we have a twenty dollar deficits. Well, we had a
Speaker 1: five trillion dollar deficits. Five trillion dollar deficits, and of
Speaker 1: course during that time, we need to continue to spend
Speaker 1: more and more money we're sending. Uh you know, was
Speaker 1: it twelve billion dollars was the latest deal going over
Speaker 1: to Ukraine at a time where we just we didn't
Speaker 1: have no money. But it's troubling because the debt has real,
Speaker 1: real problems. So you might hear people say, oh, we
Speaker 1: owe it to ourselves, right, we owe to ourselves, Uh yeah,
Speaker 1: some of it, but who else we go to? Well,
Speaker 1: we owe it to all the retire these whose pension
Speaker 1: funds are tied up in it. Yeah, we owe it
Speaker 1: to other countries like Japan whose o theve retirees are
Speaker 1: tied up in it as well. So uh sure, right,
Speaker 1: we owe some to ourselves whatever, But ourselves are like
Speaker 1: me and my money that I'm planning to have upon
Speaker 1: retirement that could potentially go away. We can see that
Speaker 1: Medicare is only six years from insolvency. Six years from
Speaker 1: insolvency what I mean Medicare having no more money. A
Speaker 1: lot of people depend on Medicare. When that goes broke,
Speaker 1: what happens? So security is insolvent in twelve years. Bummer
Speaker 1: for me. I've been paying into it for a long time.
Speaker 1: Looks like I got no money to retire on. So
Speaker 1: what's gonna happen with that? Well, either the government goes
Speaker 1: busts and doesn't pay all these people to sub security
Speaker 1: they owe them and all the medicare. Either that happens,
Speaker 1: or more likely, they print a lot more money, a
Speaker 1: lot more so you can you can chime in on
Speaker 1: what you think is more likely. Hit me up on
Speaker 1: social media, um one, Mark Moss and let me know
Speaker 1: what you think. Of course, I'll tell you what I think.
Speaker 1: Why would a government go bankrupt when they can just
Speaker 1: print the money? Of course the answer is they won't.
Speaker 1: So we have that big problem. The debt is getting bigger.
Speaker 1: At the same time, we just saw the job's openings,
Speaker 1: So the economy, remember that the FED has two man
Speaker 1: dates full employment and stable prices. Where prices aren't stable,
Speaker 1: they're nowhere near stable. As a matter of fact, as
Speaker 1: I was talking about earlier, gas prices just broke their
Speaker 1: all time records set in June. So, uh, that's anything
Speaker 1: far from stables. A matter of fact, they went up
Speaker 1: a dollar twenty in just thirty days. Certainly not stable. UM.
Speaker 1: So they're failing at that obviously, but they can at
Speaker 1: least we have a low unemployment, We have low eemployment,
Speaker 1: well not really if we dig into the date, it's
Speaker 1: not that bad. But it's even worse because this week
Speaker 1: we saw job openings plunged by more than one point
Speaker 1: one million in August, a ten percent drop from what
Speaker 1: was reported into lie and more than a million less
Speaker 1: than what was expected. That's the big thing. And so
Speaker 1: they set these expectations, they set these goals, um whenever
Speaker 1: like a public traded company says these are sales or
Speaker 1: profit expectations or the government does, you're supposed to hit those,
Speaker 1: you want to beat them. If you don't, if you don't,
Speaker 1: if you don't meet those at a big deal. And
Speaker 1: that's exactly what happened here. UM. And so what does
Speaker 1: that mean? It means that UM, there's a massive US
Speaker 1: labor gap. It's beginning to close, all right. Um, so
Speaker 1: it's a big deal. And the numbers of hires rose slightly,
Speaker 1: while total separations jumped by a d two thousand. Quits
Speaker 1: or those who left their jobs voluntarily, rose by a
Speaker 1: hundred thousand for the month to four point one six million,
Speaker 1: So four million people over four million people quit or
Speaker 1: left their job. Now we don't know why. We know
Speaker 1: at the end of last year, we saw a lot
Speaker 1: of people quitting their jobs, record amounts, as a matter
Speaker 1: of fact, people quitting their jobs to um trade options
Speaker 1: on robin Hood or trade cryptocurrencies. I can't imagine they're
Speaker 1: they're still doing that right now, um, but maybe they
Speaker 1: because as we saw on some of the labor reports
Speaker 1: in July, people were taking multiple jobs um. And so
Speaker 1: the growth that we saw in jobs wasn't real data.
Speaker 1: I mean, it was obviously real data, but it wasn't
Speaker 1: what it seemed. And so we saw it wasn't that
Speaker 1: more people are going to work. That people were taking
Speaker 1: more than one job, and so maybe they're going back
Speaker 1: to one job potentially. But these are the signs that
Speaker 1: show us, like the FEDS, the FEDS stock. The FED
Speaker 1: is going to have to do something. They said they're
Speaker 1: gonna stick with it until it's done, but I'm not
Speaker 1: so sure. I think I am, for one, making the
Speaker 1: case that they won't be able to bring inflation back
Speaker 1: down to two percent. They will be forced to pivot
Speaker 1: before they get to that point. Maybe they get it
Speaker 1: to four or five at best, but they're going to
Speaker 1: be forced to pivot. Uh. The job's opening reports show
Speaker 1: that the national debt shows that the story and deficit
Speaker 1: shows that UM. As inflation continues to rade, John, the
Speaker 1: government will have to spend more money to subsidize energy prices.
Speaker 1: Is like they're already doing over in Europe. We'll see
Speaker 1: the deficit expand and that long awaited pivot is coming.
Speaker 1: Now you're listening to the Mark Ma Show. We talk
Speaker 1: about the decentralized revolution, and this is one of those things.
Speaker 1: We talked about money, uh, finance, politics and technology, and
Speaker 1: through the politics and finance, peace the system we know
Speaker 1: it is coming to an end, showing the inevitability of
Speaker 1: this decentralized world we're talking about. Anyway, I got a
Speaker 1: lot more to cover when I come back about the pivot.
Speaker 1: I got more about oh oh, some big stories. Actually
Speaker 1: you don't want to miss this. Don't go away. I'm
Speaker 1: gonna be right back. All right, welcome back. You are
Speaker 1: listening to the Mark Ma Show. We're talking about the
Speaker 1: decentralized revolution, the way the world is changing right now
Speaker 1: before our very eyes. And one thing that I'm it's
Speaker 1: been scaring me and I've been talking about quite a bit,
Speaker 1: um and it is scary. It's very scary. I'm sure
Speaker 1: you're scared about it when I tell you what it is.
Speaker 1: But I'm but I have hope and I'm continuing to
Speaker 1: get more hope and be more encouraged. That's what am
Speaker 1: I talking about. Well, over the last couple of years,
Speaker 1: we have seen this shift. The world has shifted hard
Speaker 1: to the left. Um wokesm has taken over everything. And
Speaker 1: it's part of my thesis of this peak centralization. So
Speaker 1: as we get to peak centralization, uh, it gets more
Speaker 1: control and they're trying to control more and more and
Speaker 1: more and more. But the world is rejecting it, has
Speaker 1: breaking apart, and so they're trying to squeeze and hold
Speaker 1: on even more as the world rejects it and breaks
Speaker 1: it apart. So a couple of things that we can
Speaker 1: see of this um and and these are like reactions.
Speaker 1: But I mean, just this week we saw UH has
Speaker 1: seen de Hardin for the PM of New Zealand, went
Speaker 1: to the u N and called for coordinated global censorship.
Speaker 1: She said that free speech is a weapon of war.
Speaker 1: That was her words. What we're seeing is UH corporations
Speaker 1: going woke, pushing agendas on all types of issues. They're
Speaker 1: pushing these e s G policies and environmental social governance.
Speaker 1: So these corporations have to match these e s G
Speaker 1: UH qualities in order to get funding. So if you
Speaker 1: want to sell your products, if you want financing, then
Speaker 1: you have to comply with this. But these are disastrous
Speaker 1: policies for a bunch of reasons. First of all, the
Speaker 1: first reason off the bat is because central planning always fails.
Speaker 1: You cannot control an economy top down. It doesn't work.
Speaker 1: It's been tried over and over and over for the
Speaker 1: last huntred years. It's felt miserably every single time time,
Speaker 1: and it will never work because a group of people
Speaker 1: do not have the information that collectively the market has.
Speaker 1: All right, it doesn't work, it can never work. But
Speaker 1: this is happening more and more and more but uh,
Speaker 1: as as scary as this is because they're wielding a
Speaker 1: lot of weight. We're seeing firms like black Rock wield
Speaker 1: their weight. The largest asset manager in the world is
Speaker 1: forcing companies to change, you know, to go woke, to
Speaker 1: push these e s. G. Agen is and so that's scary.
Speaker 1: But what I'm happy about is we're seeing the tide shift.
Speaker 1: The pendulum is swinging back. And so what am I
Speaker 1: talking about. Well, we saw some big news this week
Speaker 1: that I was uh, pretty happy about and it was
Speaker 1: about black Rock. Now, first of all, if you don't
Speaker 1: know who black Rock is, then you've been living under
Speaker 1: a rock. I suppose no pun intended to black Rock.
Speaker 1: But black Rock is, like I said, the largest money
Speaker 1: mass money manager in the world, and they are using
Speaker 1: that money to weaponize it against you. As a matter
Speaker 1: of fact, they are endangering US prosperity and national security.
Speaker 1: Per an article that I'm I'm reading here that came
Speaker 1: out on the Federalist. Black Rock is a big, powerful
Speaker 1: company that most Americans know little about. It manages almost
Speaker 1: ten trillion that numbers bigger now um and the vast
Speaker 1: majority of its investing is done passively. So black Rock
Speaker 1: manages money for large institutions and pensions. If you have
Speaker 1: a pension um or like a four one K, then
Speaker 1: it's a good chance you have your money with black
Speaker 1: just about everything, I'm sorry, just about everyone um has
Speaker 1: or knows someone who has money directly or indirectly in
Speaker 1: black Rock. They're that big and so because of that,
Speaker 1: they wield enormous power. And uh, even though they're not
Speaker 1: the owner of the money, they're managing it on behalf
Speaker 1: of their clients. But they get the vote, they can
Speaker 1: vote on those shares they buy on behalf of their clients.
Speaker 1: So you have your money in a in an index fund,
Speaker 1: in a four O one K, and a pension, and
Speaker 1: that pension is now given to black Rock, so black
Speaker 1: Rock can manage it. So it's not their money that
Speaker 1: they wield all the power with. It's yours. But they
Speaker 1: have it because you've given it to them passively, and
Speaker 1: they use it to exert exert crazy amounts of influence
Speaker 1: over corporate management like for example, Exxon, Microsoft, etcetera. Now
Speaker 1: what they do is they push for these left wing
Speaker 1: political priorities. I hate to use left or right. They're
Speaker 1: pushing for E S G policies, They're pushing for woke policies.
Speaker 1: Whatever side do you want to call that on UM alone,
Speaker 1: black Rock opposed the reelection of eight hundred company directors.
Speaker 1: They took over Exxon's board, and they stopped Exon from
Speaker 1: drilling for new oil projects an oil company. Interesting. They
Speaker 1: removed board governors and installed new members. Despite the globe
Speaker 1: objectively being underinvested in energy, so at a time when
Speaker 1: we don't have enough energy, they took over EXN and
Speaker 1: made Excen stop drilling for oil. It seems like it
Speaker 1: goes against yours and my best interests. I would like
Speaker 1: oil to be cheaper. If oil cheaper, everything goes cheaper,
Speaker 1: but not to black Rock. Black Rock contributes to the
Speaker 1: economy's monopoly problem. UM black Rock is the is a
Speaker 1: prominent cause of the unprecedented rise in housing prices. They've
Speaker 1: killed the dreams of so many Americans um to own
Speaker 1: homes because they buy up chunks of single family homes,
Speaker 1: person in large unks of homes paying over thirty five
Speaker 1: percent asking price, because they have the ability to have
Speaker 1: all that money. I can keep going on and on
Speaker 1: about black Rock, but you get the point. What I'm
Speaker 1: happy about out as I saw just this week that
Speaker 1: Louisiana hits black Rock with a massive, multideal, multimillion dollar
Speaker 1: divestment for quote blatantly anti fossil fuel policies. So Louisiana
Speaker 1: State Treasurer John Schroeder announced that his state will divest.
Speaker 1: That means they're gonna take all their money away. We're
Speaker 1: done with you. We're not going to give you our
Speaker 1: money to weaponize against us anymore. We're gonna take our
Speaker 1: money back. Forget you. They're divesting their funds from black
Speaker 1: Rock due to Environmental, Social and Governance e s G
Speaker 1: policies and and and some claim boycott the oil, gas,
Speaker 1: and coal industries. Schroeder said, quote in a letter, you're
Speaker 1: blatantly anti fossil fuel policies would destroy Louisiana's economy. Why
Speaker 1: would we give you our money so uh in in
Speaker 1: the state, our pensioners are retirees. We're gonna give you
Speaker 1: money that you're going to use to push policies that
Speaker 1: will destroy us. Why would I give you money that
Speaker 1: you're going to weaponize against me, to destroy me? Makes
Speaker 1: no sense? And I would ask every buddy listening right
Speaker 1: now to ask themselves that very same question. If you
Speaker 1: have any money at all that somehow gets back to
Speaker 1: black Rock and Vanguarden State Street. You need to think
Speaker 1: about getting that money out, pressuring whoever's and control that
Speaker 1: money to get that money out, to avoid losing state
Speaker 1: money quote to the detriment of our citizens. The Louisiana
Speaker 1: Treasury will gradually pull money away from the financial firm.
Speaker 1: Once complete, this divestment will reflect almost one billion dollars
Speaker 1: no longer entangled in black Rock money market funds, mutual funds,
Speaker 1: or exchange traded funds ETFs. According to the letter, the
Speaker 1: letter took direct him at e s G, an investing
Speaker 1: practice that penalized industries believed to be harming the environment.
Speaker 1: But e s gs environmental considerations are often made at
Speaker 1: the expense of other fiduciary duties, fidicciary duties. So the
Speaker 1: goal of a president the fdciary duty legally binding the
Speaker 1: role of a board or CEO or um black Rock,
Speaker 1: who now takes these board seats should be a finisiary
Speaker 1: dude to may the company more profitable, basically more profitable.
Speaker 1: Anything they do that is not making them more profitable
Speaker 1: breaks their fidciary duty. That's a legal problem. I would
Speaker 1: like to see them instead of just pulling money out,
Speaker 1: why not file a lawsuit against them? Right, you're not
Speaker 1: doing what's in best interest of the company. You are
Speaker 1: purposely I mean you took over x and and made
Speaker 1: them stop drilling for oil. I mean they're an oil company.
Speaker 1: Uh so they're saying that they do it at the
Speaker 1: expense of the fidiciary duties. Investment firms that use E
Speaker 1: s G investing practice is often referred to quote stakeholder capitalism,
Speaker 1: as black Rock does on its website. So, um, you know,
Speaker 1: I'm scared. I'm worried. I don't like seeing this happen,
Speaker 1: But I'm encouraged by people are waking up and they're
Speaker 1: actually doing something. And my hope is that this will
Speaker 1: bring more attention to what black Rock and Vanguarden states
Speaker 1: we are doing. More people will pull their money away.
Speaker 1: If enough people pull their money away, they're going to
Speaker 1: be forced to change. Hit them where your where the
Speaker 1: pock ubly is you vote with your money, pull your
Speaker 1: money out. If enough people pull their money out, black
Speaker 1: Rock might go shoot. Maybe we should reverse course on
Speaker 1: these stupid decisions that we're doing. At least as I
Speaker 1: hope you're listening, to the Mark Ma Show. We're talking
Speaker 1: about the way the way the world is changing through
Speaker 1: the decentralized revolution, and we're seeing it happen in real time.
Speaker 1: I got a lot more to cover when I come back.
Speaker 1: I'm gonna take a quick break. You don't want to
Speaker 1: miss it, so don't go away. I'm gonna be right back.
Speaker 1: All right, welcome back. You are listening to the Mark
Speaker 1: Ma Show. We're talking about the decentralized revolution. The way
Speaker 1: the world is changing right before our very eyes, through
Speaker 1: the lens of politics, finance, and technology, and they all three,
Speaker 1: they all work together. I like to focus on the
Speaker 1: intersection of those three. But if we look at the finance, UM,
Speaker 1: we can see the financial world is melting down right
Speaker 1: before our very eyes. The Federal Reserve doesn't want to
Speaker 1: know what to do. Central banks around the world are
Speaker 1: blowing up. The Bank of England just had to bail
Speaker 1: out the UK's pension funds. UM, it's getting real out there.
Speaker 1: Let's let's just say that now, as bad as things
Speaker 1: have been getting and we said where there's been numerous
Speaker 1: polls done by University of Michigan, which does of the
Speaker 1: best polls out there, that showed that consumer sentiment is
Speaker 1: like at its worst ever. As a matter of fact, Um,
Speaker 1: they've been doing polls not just consumers, but they've been
Speaker 1: doing polls on on businesses and global CEOs, etcetera. And
Speaker 1: it's been bad. As a matter of fact, some crazy
Speaker 1: numbers were like, um, you know, fifty of small businesses
Speaker 1: expected to laying people off over the next twelve months. Um,
Speaker 1: sixty of small businesses in the transportation sector, we're behind
Speaker 1: on their on their rent payments. I mean, it's been
Speaker 1: bad out there, but it seems like the tide is
Speaker 1: shifting a little bit. Why is the tie shifting, Well,
Speaker 1: the tide is shifting, at least in the sentiment side.
Speaker 1: I'm gonna tell you about that. And I'm gonna tell
Speaker 1: you why I think the sentiment is shifting and why
Speaker 1: it's sent Why it's shifting for me, and maybe it
Speaker 1: could be shifting for you. Now, the world is uncertain.
Speaker 1: We don't know what's going to happen. All we can
Speaker 1: do is see what is happening, what's going to happen,
Speaker 1: and we try to draw some conclusions off that. So
Speaker 1: bear with me. Let's let's take a walk through that.
Speaker 1: So this report came out this week that global CEOs
Speaker 1: expect impending recession to be short and sharp. Quote poll shows,
Speaker 1: So global CEOs expect the anticipated recessions, so they're anticipating
Speaker 1: a recession. Um. I mean, you know, the Biden administration
Speaker 1: changed the definition of a of a of a recession,
Speaker 1: so maybe maybe we won't have one in the classical
Speaker 1: sense any anyway, or in the technical definition that they
Speaker 1: would say. But global CEOs are anticipating a recession in
Speaker 1: the next twelve months, but more than half of them
Speaker 1: anticipated will be like I said, quote mild and short. Um.
Speaker 1: But these business leaders have all expressed more confidence since
Speaker 1: the start of the year that there will be growth
Speaker 1: prospects in the next three years. So it's interesting to
Speaker 1: think about that. So about half of them expect that
Speaker 1: there's going to be a recession, if if we're not
Speaker 1: already in one, I mean, we've had two quarters of
Speaker 1: negative GDP growth. Uh, But they expect it will have one,
Speaker 1: but it's gonna be mild and short, and then if
Speaker 1: it's short, then that means we'll start growing again on
Speaker 1: the other side of the recession, which is why they
Speaker 1: say they see big prospects for growth in the next
Speaker 1: three years, which is pretty interesting. Now this kind of
Speaker 1: aligns with what I'm thinking. I'm going to talk about
Speaker 1: what I'm thinking a little bit, but this is a
Speaker 1: majority of the th chief executives pulled by KPMG. KPMG
Speaker 1: is what's called one of the Big Four. There's big
Speaker 1: four accounting firms, global international accounting firms that go in
Speaker 1: and you know, look at the books and certify the
Speaker 1: numbers and things like that. So kpm G is the
Speaker 1: big dog. So their polls are with kind of the
Speaker 1: who's who of these chief executives. So majority of thirteen
Speaker 1: chief executives pulled by KPMG between July and August warned, however,
Speaker 1: that increased disruptions such as the recession could make it
Speaker 1: difficult for their businesses to rebound from the pandemic. But
Speaker 1: that that being said, the CEO has expressed more optimism
Speaker 1: compared to the start of the year. So at the
Speaker 1: start of the year, um again, as I was talk
Speaker 1: referenced some of these surveys, sentiment was at a record low.
Speaker 1: All these businesses thought they would have to lay off
Speaker 1: all these people. But now it's rebounded, right, it's rebounded.
Speaker 1: It says here, uh, more express morponism compared to the
Speaker 1: start of the year and said there would be growth
Speaker 1: prospects in the next two years. Why why, Why is
Speaker 1: the sentiment shifting. It's an interesting question that I'm gonna
Speaker 1: answer for you don't worry, but it's an interesting question
Speaker 1: because all the signs show that things are getting worse.
Speaker 1: I mean, like I said, the Bank of England has
Speaker 1: had the belt, the UK pensions, we just had the
Speaker 1: North Stream pipeline blow up. There's no more oil going
Speaker 1: from Russia to Germany anymore, or gas. Things are getting worse.
Speaker 1: Germany has tried to stockpile natural gas supplies, but they
Speaker 1: their reserves are only gonna get them about thirty percent
Speaker 1: of what they need for the winter. That's a seventy
Speaker 1: percent reduction. So the factories are shutting down, their d industrializing.
Speaker 1: If you d industrialize, if you show your factors and
Speaker 1: if you don't produce goods, what happens you have no exports.
Speaker 1: If we have an export, what happens? You know tax trees?
Speaker 1: If you know tax trees, what happens you go broke
Speaker 1: your default. So in the light of this, we got
Speaker 1: the credit squeeze. Is about the default their CD at
Speaker 1: the credit defallse swaps are going through the roof got
Speaker 1: Japan is now, you know, buying more of their own
Speaker 1: bonds than they've ever done. Um, they're about to implode.
Speaker 1: We got nuclear war that's about to happen on both
Speaker 1: sides of the world, you know, from Russia, Ukraine over there, China, Taiwan.
Speaker 1: We got new North Korea's filing firing missiles over Japan.
Speaker 1: So why are they more optimistic compared to the start
Speaker 1: of the year. Um It says that CEO's worldwide displaying
Speaker 1: greater confidence, grit, and tenacity in writing out the short
Speaker 1: term economic impacts to their businesses, as seen in their
Speaker 1: rising confidence in the global economy and their optimism over
Speaker 1: a three year horizon. UM globally see eos are viewing mergers, acquisitions,
Speaker 1: and innovation favorably, taking a much sharper pencil to the
Speaker 1: numbers and focus on value creation to unlock and track
Speaker 1: deal value. There there's one thing they're worried about here,
Speaker 1: and they're worried about pandemic fatigue. Where they're worried about
Speaker 1: one of the biggest challenges they say as a recession,
Speaker 1: as a business leader, remain under pressure to meet their
Speaker 1: broader social responsibilities. Uh, they're E s D scores. That's
Speaker 1: what they're worried about. So these onerous regulations that have
Speaker 1: been put on them to meet these E s G scores.
Speaker 1: They said, that's one of their biggest challenges that they have.
Speaker 1: They remain under pressure to meet their broader social responsibilities. Quote.
Speaker 1: So even with the even with that changing, even with
Speaker 1: those these honors E s G things breathing down their neck,
Speaker 1: they still have shifted from being very scared and worried
Speaker 1: in the beginning of the year to now being optimistic.
Speaker 1: What happened because like I said, the world, the world
Speaker 1: looks bad. Well, what happened is things have gotten so bad,
Speaker 1: so fat that we know we're going to have to
Speaker 1: come on the other side of it at some point soon.
Speaker 1: And so we're seeing that. We saw, like I said,
Speaker 1: we saw the everyone talks about this. Uh, the FED,
Speaker 1: when will they pivot? So the FED was increasing the
Speaker 1: money supply for the last decade, last dozen years, and
Speaker 1: things have looked exploded. Right, The economy is exploded. The
Speaker 1: markets have gone up. Your real estate, your bitcoing, your stock,
Speaker 1: everything's gone up. It's been great and now they take
Speaker 1: the punch bowl away. Now they decrease the money supply,
Speaker 1: and how everything starts drinking. So everyone's like, well, when
Speaker 1: will they start increasing the money su flag and give
Speaker 1: me some more of that doing some more that hope?
Speaker 1: You am, I need someone that more of that money? Right,
Speaker 1: everybody wants that. When will they come back with that? Well,
Speaker 1: the Fed says they won't because you know, they have
Speaker 1: to fight inflation. So when inflation comes back down, they'll
Speaker 1: they'll bring the money supply back supposedly, right, but what
Speaker 1: if they bring it back sooner? That's what is bringing
Speaker 1: the hope back in my opinion, that's what's bringing the
Speaker 1: hope back. Why what we saw the Bank of England,
Speaker 1: like I think it's the fifth largest central bank in
Speaker 1: the world, capitulated they had to pivot. Okay, fine, we
Speaker 1: can't tighten. We can't tighten them onto we're done. Let's
Speaker 1: just go ahead and blow back up. When they did it,
Speaker 1: it all of a sudden said wait a minute, other
Speaker 1: central banks are breakna do it next as well, So
Speaker 1: we did. We saw the r s A in Australia
Speaker 1: they pivoted. The ECB is about to be forced to
Speaker 1: pivot and eventually the FED will be forced to pivot
Speaker 1: sooner than later because things are so bad. Uh. We
Speaker 1: saw this week that the u ND the United Nations,
Speaker 1: came out and they demand, they demand, big word, demand
Speaker 1: all central banks to stop rate hikes, stop tightening, stop tightening,
Speaker 1: they said, the UN agency dealing with Global trade demanding
Speaker 1: all central banks stop rate hikes. They argue, policy makers
Speaker 1: appear to be hoping that a short term monetary shock
Speaker 1: along the lines and not the same magnitude as that
Speaker 1: pursued by Paul Volker, will be sufficient to anchor inflationary
Speaker 1: expectations without triggering a recession. So they say, if you can,
Speaker 1: if you can restrict them enough, it's going to create that.
Speaker 1: But that's not the case. And so we know that
Speaker 1: it's only a matter of time, and that time has
Speaker 1: been escalated. So they're saying, if there's a recession is
Speaker 1: going to be short and temporary. Why because even if
Speaker 1: there's a dip, the FED will be forced to act
Speaker 1: sooner than later and boom, blow things back up sky high.
Speaker 1: That's what's happening. And and the FED saying, no, no, no,
Speaker 1: we're not going to. We're not going to, We're not
Speaker 1: going to But we're all sitting back on here, right.
Speaker 1: You have to. You just have to. Now you can
Speaker 1: decide to bankrupt the entire world, but they just won't
Speaker 1: do that. The chance of them doing that is single
Speaker 1: digits probability in my opinion. So um, that's why business
Speaker 1: leaders more hopeful, and that's why I'm more hopeful. Let's
Speaker 1: see what's happening. Hopefully you're more hopeful. Hit me up
Speaker 1: on social media. Let me know one. Mark moss Um,
Speaker 1: you listening to the Mark mos Show. We're talking about
Speaker 1: the way the world is changing from centralization to decentralization,
Speaker 1: is breaking apart right before our very eyes, and we're
Speaker 1: going through a play by play by play. I got
Speaker 1: a lot more to cover. Don't go away, I'll be
Speaker 1: right back. Hello, welcome back. You are listening to the
Speaker 1: Mark mass Show. We are talking about the decentralized revolution,
Speaker 1: the way the world is changing right now. Of course
Speaker 1: we're talking about it them the play by play. What's happening.
Speaker 1: So much goes on every single week. It's important that
Speaker 1: to tune in and you pay attention, otherwise you are
Speaker 1: going to be caught off guard. And while things look
Speaker 1: dark and scary and they are. I remain hopeful and
Speaker 1: I believe we are all gonna make it. We're all
Speaker 1: gonna be okay if we play this properly, if we
Speaker 1: navigate this correctly. In order to do that, you gotta
Speaker 1: keep your eyes open. You gotta be paying attention, which
Speaker 1: is why you gotta be tuning in with me each
Speaker 1: and every week. And if you miss a week, that's okay.
Speaker 1: It's okay. You can catch it up on the podcast.
Speaker 1: Just search Mark moss Um Show on your favorite podcast player.
Speaker 1: Imagine you were driving a let's say that you were
Speaker 1: like in um in a row boat and you're going
Speaker 1: super slow and you're in the middle of a lake
Speaker 1: and you you close your eyes while you're rowing for
Speaker 1: a minute. No big deal, right, I mean you're barely
Speaker 1: going you're in a lake. I mean there's no boats around.
Speaker 1: No big deal. Now, let's say you're driving a Ferrari
Speaker 1: down the five Freeway in California with doing a hundred
Speaker 1: miles an hour with the blindfold on. Would be pretty dangerous.
Speaker 1: And that's exactly where we're at. We are escalating. The
Speaker 1: world is escalating UM in the in the more in
Speaker 1: the most dangerous situation at a rapid pace, more than
Speaker 1: I've probably seen any time in my lifetime. Um, and
Speaker 1: I study history, and and uh, we're definitely up there
Speaker 1: in terms of historical rankings. And so you don't want
Speaker 1: to be with a blindfold on like you're rowing a boat.
Speaker 1: We are in a Lamborghini on the fry Freeway in
Speaker 1: massive danger and we're going fast and you need to
Speaker 1: be paying attention so you can navigate appropriately. So and
Speaker 1: if not, you're gonna get caught off guard. Like in
Speaker 1: the UK, they just got caught off guard. All the
Speaker 1: pensioners almost lost everything. The Bank of England stepped in
Speaker 1: and bailed them out. Um, if they didn't, it would
Speaker 1: have been really bad for some people. Eventually someone's going
Speaker 1: to be left holding the bag. And it depends on
Speaker 1: where you're at in the world. So what we saw
Speaker 1: when that happened is in the UK, the British pound,
Speaker 1: which is their currency over there, the British pound was
Speaker 1: just plunging. It was falling super fast against the dollar,
Speaker 1: which means, um, it was inflation, like things were getting harder,
Speaker 1: it was getting more and more and more expensive. So
Speaker 1: what happened the people in the UK tried to get
Speaker 1: out of their falling currency as fast as they could.
Speaker 1: So they were trying to dump their pounds sterlings as
Speaker 1: quick as they could into what what would they go into? Well,
Speaker 1: they were buying bitcoin and they were buying gold as
Speaker 1: a matter of fact, um in the UK physical gold
Speaker 1: got exhausted, there was none available. They went and bought
Speaker 1: as much as they could. You couldn't get anymore. I
Speaker 1: like as a as the saying I use all the time,
Speaker 1: it's uh, dig your well before you're thirsty. So most
Speaker 1: people are like, I don't need to dig a well
Speaker 1: right now. You know I'm not thirsty. But when you're
Speaker 1: eventually thirsty and in to go dig the well, you
Speaker 1: don't have enough time, Like you need water right now.
Speaker 1: And the same is true like in in this situation
Speaker 1: where all of a sudden, all these people want to
Speaker 1: get gold, but there was no gold left. All these
Speaker 1: people want to go buy bitcoin, and you can still
Speaker 1: buy bitcoin, but the price that bitcoin has been going up.
Speaker 1: Now that's a that's the extreme example. If your United States,
Speaker 1: do you have to deal with that, well, maybe maybe not,
Speaker 1: but again, do you want to dig you well before
Speaker 1: you're thirsty? A more extreme example is what's going on
Speaker 1: in Lebanon. So Lebanon has been under massive problems. Um.
Speaker 1: Their currency again has been hyper inflating and it's caused
Speaker 1: massive problems a matter of factor. We saw this week
Speaker 1: that they've been plunged into darkness. Lebanon's political and economic
Speaker 1: crisis has plunged the country into darkness. Um. It desperately
Speaker 1: needs fuel, it needs energy, it needs gas and oil.
Speaker 1: Turns out the still world. Still, the world needs a
Speaker 1: lot of that and it can't get it. Some are
Speaker 1: experiencing power cuts of twenty hours a day. Hospitals have
Speaker 1: to cut back on essential services. Motorists wait hours and
Speaker 1: hours and hours just to get a little bit of gas.
Speaker 1: That's a big deal. But it's even worse than that.
Speaker 1: The banks don't have any money. And so now we've
Speaker 1: seen more than a dozen banks have been rated in
Speaker 1: Lebanon this year by customers demanding to take out their
Speaker 1: own money. Armed robbers are breaking in with guns, holding
Speaker 1: bank staff at gunpoint to rob the bank of their
Speaker 1: own money. That's what it's that's what that's what's come
Speaker 1: down to. On Tuesday, even a member of parliament and
Speaker 1: a retired diplomat staged sit ins at bank branches. Lebanons
Speaker 1: facing a devastated financial crisis, and banks have been forced
Speaker 1: tight withdrawing restrictions. Uh. The BBC's Rachel Thorne has spoken
Speaker 1: to one woman who stormed a bank with a toy
Speaker 1: gun to take out thirteen thou dollars of her family's cash.
Speaker 1: They're literally having to do armed robbery to banks to
Speaker 1: get their own money. That's an extreme example. The UK
Speaker 1: wasn't quite as bad, and of course in the United
Speaker 1: States we're not quiet seeing that either. But do you
Speaker 1: want to wait until you get to the point that
Speaker 1: it takes guns to go into a bank to get
Speaker 1: your own the out? Is that what you want to wait?
Speaker 1: Or do you want to dig your well before you're thirsty? Well, um,
Speaker 1: I'll leave that up to you. You can decide what
Speaker 1: you want to do there. But uh, I'd like to
Speaker 1: dig my well before I'm thirsty, right, I don't want
Speaker 1: to wait. And what we're seeing is this battle coming
Speaker 1: to a head here so at a time when they
Speaker 1: it seems that the markets are going to crash. Real
Speaker 1: estate is gonna crash, stock markets are gonna crash. As
Speaker 1: a matter of fact, the NASDACT, the DOW, they've all
Speaker 1: been plunging. Bitcoin has been holding pretty strong. And bitcoin
Speaker 1: has been holding strong because of supply and demand. I
Speaker 1: was gonna pause you if you're a braink and put
Speaker 1: the put the put a fill in the blank. I
Speaker 1: don't know if you know, but psychologically, anytime you're asked
Speaker 1: a question, you automatically have to answer it, even if
Speaker 1: in your own head. Um, if I ask you a question,
Speaker 1: would you answer it? See, you've answered it in your head.
Speaker 1: But bitcoin has been rising. As a matter of fact,
Speaker 1: it is uh pretty pretty well holding up with this level. Um,
Speaker 1: it's up, but I mean it's not up a lot
Speaker 1: of about ten percent in the last couple of days
Speaker 1: since all of this trouble, in the last week or so,
Speaker 1: since all this trouble really started to take effect, because
Speaker 1: people are starting to realize, like, I need another option.
Speaker 1: I can't get stuck in this currency. That's like the
Speaker 1: sinking ship. I need to get off into one of
Speaker 1: these life rafts while they're still a life raft. If
Speaker 1: we're on the Titanic, there's not enough life rafts to
Speaker 1: go around. Now they say women and children go first. Um,
Speaker 1: the monetary system doesn't necessarily discriminate like that. So whoever
Speaker 1: gets out first has the advantage. And so in the
Speaker 1: UK they're doing that. In Lebanon, they sure as heck
Speaker 1: whist they would have done that in other parts of
Speaker 1: the world that are experiencing double and triple digit inflation. Uh,
Speaker 1: they are certainly doing that. As a matter of fact.
Speaker 1: I think I covered last week in Sub Saharan Africa. Uh,
Speaker 1: they make up eighty percent of all bitcoin transactions under
Speaker 1: a thousand dollars, so they're actually using it for real
Speaker 1: world use cases of all transactions in our thousand dollars.
Speaker 1: Pretty big. But of course the government's, the powers that be,
Speaker 1: the central bankers do not want you to have lifeboats.
Speaker 1: If they had it their way, they would burn all
Speaker 1: the life rafts on the ship so you can't get
Speaker 1: off of it. No, this is not hypothetical, they've said
Speaker 1: as much as a matter of fact. Christine le Guard
Speaker 1: ahead of the ECB formula with the I m F
Speaker 1: who is a convicted criminal, I'll have you. I'll leave
Speaker 1: you to know as well. But now she's at the
Speaker 1: European Central Bank and she says we have to close
Speaker 1: off the exits. They want to keep everybody trapped in
Speaker 1: and they want to roll out their central bank digital currency.
Speaker 1: So if we can get you to convert from your
Speaker 1: dollar you have now into a central bank digital currency,
Speaker 1: then we can control what you can and cannot buy
Speaker 1: with it. We can just say you can't buy stake,
Speaker 1: you can't buy gas, you can't buy gold, you can't
Speaker 1: buy bitcoin, you have no exit. You can't buy real estate,
Speaker 1: you have no X you can't buy stocks, you have
Speaker 1: no exit. Now a lot of people understand how bad,
Speaker 1: how dangerous this could be, and we saw this week
Speaker 1: Republican lawmakers who oppose a FED issued cbd C ask
Speaker 1: the just ask for the Justice Department's assessment. So President
Speaker 1: Biden put an executive order in place for cryptocurrency. He
Speaker 1: wants to learn how to regulate it, he wants to
Speaker 1: have all these He's a he's a freaking dictator, man.
Speaker 1: I'm just gonna call it like it is. That's what
Speaker 1: an executive order is. No due process. I don't care
Speaker 1: what you may says. I'm doing it by executive orders.
Speaker 1: So he passes an executive order to regularly cryptocurrencies, but
Speaker 1: and push the cbdc's Republican lawmakers on the House of
Speaker 1: Financial Services Committee have asked U s Attorney General America
Speaker 1: Garland to share Justice Department's assessment on whether the Federal
Speaker 1: Reserve has the necessary authority to issue a central bank
Speaker 1: digital currency. Why why wouldn't they? Well, as you may know,
Speaker 1: Congress has authority over coining money and it's exclusive. The
Speaker 1: Supreme Court has already recognized Congress's power to coin money
Speaker 1: and regulate the value there of, confirming Congress is authority
Speaker 1: to regulate each phase of currency, not the Federal Reserve.
Speaker 1: Supreme Court has upheld that Congress has the ability at
Speaker 1: the photos or it's gonna be an important case. It's
Speaker 1: gonna be something to watch keep our eye on. Of course,
Speaker 1: they want to close off the exits. They want to
Speaker 1: keep you trapped in like Lebanon did. But you have
Speaker 1: a chance to get out now before it's closed. You
Speaker 1: better be paying attention to listen to the Markmas Show,
Speaker 1: helping you navigate the decentralized revolution as it's changing. We
Speaker 1: covered a lot today. Hopefully I was helpful and uh
Speaker 1: that's what I got. Thanks so much for listening.