1 00:00:00,040 --> 00:00:02,480 Speaker 1: Hello, and welcome to another episode of the Markmas Show, 2 00:00:02,520 --> 00:00:05,920 Speaker 1: where we are talking, of course about bitcoin. We're talking 3 00:00:05,920 --> 00:00:10,080 Speaker 1: about cryptocurrencies. We're talking about the decentralized revolution that we 4 00:00:10,119 --> 00:00:14,480 Speaker 1: are witnessing right now, and it is happening fast. I've 5 00:00:14,520 --> 00:00:16,360 Speaker 1: talked a lot about it from different angles. Of course. 6 00:00:16,400 --> 00:00:19,800 Speaker 1: I like to talk about politics, finance, and technology, all 7 00:00:19,840 --> 00:00:23,440 Speaker 1: three of those converging together right now. We witnessed, uh, 8 00:00:23,520 --> 00:00:25,800 Speaker 1: you know, the death of the of the of the currency, 9 00:00:25,880 --> 00:00:28,800 Speaker 1: the trust and the currency in Canada with the truckers obviously, 10 00:00:28,840 --> 00:00:31,400 Speaker 1: the rush of Ukraine thing. The entire FX reserve system 11 00:00:31,400 --> 00:00:34,199 Speaker 1: has been shut down. The world's reverting back to a 12 00:00:34,240 --> 00:00:38,800 Speaker 1: commodity money. All these things are happening, and as more 13 00:00:38,800 --> 00:00:40,560 Speaker 1: and more people are trying to get off of the dollar, 14 00:00:40,800 --> 00:00:43,160 Speaker 1: they're scrambling for whatever they can get to. We've seen 15 00:00:43,720 --> 00:00:46,760 Speaker 1: um this week, we announced that Russia is now going 16 00:00:46,800 --> 00:00:49,920 Speaker 1: to back their ruble with gold. They're going to create 17 00:00:49,920 --> 00:00:52,880 Speaker 1: their own s d R. It's a special drawing, right, 18 00:00:53,000 --> 00:00:56,120 Speaker 1: so each nation has their own central bank, and then 19 00:00:56,160 --> 00:00:58,320 Speaker 1: the central bank above the central banks sort of the 20 00:00:58,360 --> 00:01:02,120 Speaker 1: I M F. It makes a basket of currencies. They 21 00:01:02,160 --> 00:01:05,840 Speaker 1: call them SDR Special drawing rights. Well, Russia now wants 22 00:01:05,880 --> 00:01:08,280 Speaker 1: to back their currency with gold and create their own 23 00:01:08,480 --> 00:01:11,839 Speaker 1: SDR that's gonna be backed by commodities. We've seen Israel 24 00:01:11,880 --> 00:01:14,639 Speaker 1: saying they want to get away from the dollar. China 25 00:01:14,720 --> 00:01:16,720 Speaker 1: is now trying to get ready for sanctions and get 26 00:01:16,760 --> 00:01:20,160 Speaker 1: out of the dollar. Everybody's trying to figure something else 27 00:01:20,280 --> 00:01:25,479 Speaker 1: out rapidly. It's like going to a crowded movie theater 28 00:01:25,520 --> 00:01:27,680 Speaker 1: and yelling fire, which I guess you're not allowed to do. 29 00:01:28,160 --> 00:01:31,200 Speaker 1: And the reason why is because there's you know, two doors, 30 00:01:32,160 --> 00:01:33,600 Speaker 1: and there's a lot of a hundred people a couple 31 00:01:33,680 --> 00:01:35,720 Speaker 1: hundred people in the movie theater, and they'll all be 32 00:01:35,720 --> 00:01:38,200 Speaker 1: panicking trying to get out of one of those two doors. 33 00:01:38,640 --> 00:01:40,560 Speaker 1: Next thing, you know, people get hurt, stamped you know, 34 00:01:40,840 --> 00:01:44,440 Speaker 1: stampedes happen, people get trampled on, etcetera. And that's kind 35 00:01:44,440 --> 00:01:48,040 Speaker 1: of what's happening. All of a sudden. The whole world 36 00:01:48,120 --> 00:01:51,559 Speaker 1: just overnight was found like, oh, shoot, we can't trust 37 00:01:51,600 --> 00:01:56,440 Speaker 1: our savings to be in the banking system, and uh, 38 00:01:56,560 --> 00:01:58,560 Speaker 1: where do we put our money? So the whole world 39 00:01:58,600 --> 00:02:00,680 Speaker 1: is trying to figure this out. Everyone's graam live for something, 40 00:02:01,840 --> 00:02:03,520 Speaker 1: and it's been pretty interesting to see. It gives me 41 00:02:03,600 --> 00:02:07,680 Speaker 1: a NonStop list of things to talk about. Of course, 42 00:02:07,720 --> 00:02:10,560 Speaker 1: we're talking about bitcoin of the decentralized revolution. You know, 43 00:02:10,600 --> 00:02:13,760 Speaker 1: I talked about how when trust is lost, and that's 44 00:02:13,760 --> 00:02:16,639 Speaker 1: basically what happened, right The Canadians can't trust their money 45 00:02:16,639 --> 00:02:20,280 Speaker 1: in the banks anymore. Ah, we just found out that 46 00:02:20,320 --> 00:02:23,560 Speaker 1: even Russia, one of three global superpowers with nuclear weapons, 47 00:02:24,600 --> 00:02:28,400 Speaker 1: got their bank accounts seized and frozen. So if you're 48 00:02:28,880 --> 00:02:31,519 Speaker 1: one of three superpowers can get your banks accounts frozen 49 00:02:31,560 --> 00:02:35,079 Speaker 1: and seized, what hope do any other countries have? Serverone's 50 00:02:35,080 --> 00:02:37,760 Speaker 1: trying to figure this out pretty quickly. Of course, on 51 00:02:37,760 --> 00:02:41,160 Speaker 1: the bitcoin front. Well, before I get that, I like 52 00:02:41,240 --> 00:02:44,680 Speaker 1: to say you've probably heard me say by now that 53 00:02:44,760 --> 00:02:46,720 Speaker 1: how do we move forward in a world where trust 54 00:02:46,760 --> 00:02:50,120 Speaker 1: has been lost? If I can't keep my money in 55 00:02:50,200 --> 00:02:54,480 Speaker 1: this you know, swift payment system, this FX reserve system, 56 00:02:54,480 --> 00:02:56,360 Speaker 1: where do we keep our money? Where do we store 57 00:02:56,400 --> 00:03:00,320 Speaker 1: our wealth? How do we do trade in? And the 58 00:03:00,320 --> 00:03:03,799 Speaker 1: answer is basically, you don't. I mean you can't. That's 59 00:03:03,800 --> 00:03:06,880 Speaker 1: basically what we're seeing. It's like, if we can't leave 60 00:03:06,919 --> 00:03:09,200 Speaker 1: our money there, we're gonna have to start d evolving 61 00:03:09,240 --> 00:03:12,560 Speaker 1: as a matter of fact, I am going to be 62 00:03:12,600 --> 00:03:16,800 Speaker 1: in Dallas at my live event Market Disruptors Live, and 63 00:03:16,800 --> 00:03:20,640 Speaker 1: the talk I'm gonna be giving is d evolution and 64 00:03:20,680 --> 00:03:24,679 Speaker 1: then re evolution, and basically how the world is now 65 00:03:24,760 --> 00:03:28,840 Speaker 1: going to d evolve all this global supply chains just 66 00:03:28,880 --> 00:03:32,000 Speaker 1: in time management, it's all going to have to fall apart. 67 00:03:32,040 --> 00:03:35,360 Speaker 1: We're all going to be going back into you know, 68 00:03:35,720 --> 00:03:40,240 Speaker 1: individual countries on shoring, reinshoring all our manufacturing, which is 69 00:03:40,240 --> 00:03:42,840 Speaker 1: a good thing, but it's gonna make things more expensive 70 00:03:42,840 --> 00:03:45,280 Speaker 1: and it's definitely gonna be a mess to get from 71 00:03:45,280 --> 00:03:48,160 Speaker 1: here to there because because the world just can't work. 72 00:03:48,200 --> 00:03:50,880 Speaker 1: A global world, a global world with trade can't work 73 00:03:51,680 --> 00:03:54,840 Speaker 1: when there's no trust. And then I say, it's almost 74 00:03:54,960 --> 00:03:58,160 Speaker 1: like we would need like a decentralized ledger that nobody 75 00:03:58,160 --> 00:04:02,400 Speaker 1: could control. It's almost like that, almost like bitcoin. And 76 00:04:02,440 --> 00:04:06,280 Speaker 1: I would say, if not bitcoin, then what Well A 77 00:04:06,280 --> 00:04:09,400 Speaker 1: few countries have obviously decided the same thing that I'm saying, 78 00:04:09,440 --> 00:04:12,520 Speaker 1: and so we saw last year El Salvador announced that 79 00:04:12,560 --> 00:04:16,520 Speaker 1: they were going to make bitcoin a legal tender. Now, 80 00:04:17,400 --> 00:04:21,840 Speaker 1: making it legal tender basically means that everybody in the 81 00:04:21,920 --> 00:04:24,479 Speaker 1: nation has to accept it, because if it's marked as 82 00:04:24,560 --> 00:04:28,080 Speaker 1: legal tender, than every merchant must accept it. I'm a 83 00:04:28,080 --> 00:04:31,120 Speaker 1: little bit conflicted on that. I like what they've done 84 00:04:31,120 --> 00:04:34,880 Speaker 1: in El Salvador, have been down there a couple of times, um, 85 00:04:34,920 --> 00:04:37,040 Speaker 1: and I like what to do, and I love obviously 86 00:04:37,080 --> 00:04:40,240 Speaker 1: them adopting bitcoin. I'm not so sure I like them 87 00:04:40,360 --> 00:04:44,599 Speaker 1: forcing people to take it. Um. You know, people are 88 00:04:44,640 --> 00:04:46,320 Speaker 1: talking about here in the States that we should make 89 00:04:46,320 --> 00:04:49,200 Speaker 1: it legal tender as well, which I think is a 90 00:04:49,200 --> 00:04:53,640 Speaker 1: little bit crazy because you can already accept it. Anybody 91 00:04:53,680 --> 00:04:55,800 Speaker 1: that wants to accept it can accept it. Why do 92 00:04:55,880 --> 00:04:58,440 Speaker 1: we need another law telling us what to do? Even 93 00:04:58,480 --> 00:05:00,560 Speaker 1: if it's a law that I like, Why do we 94 00:05:00,600 --> 00:05:02,840 Speaker 1: need that? We can just accept it now if we 95 00:05:02,880 --> 00:05:06,520 Speaker 1: want to. So anyway, Um, they did, they made legal tender. 96 00:05:07,040 --> 00:05:09,920 Speaker 1: I think I talked about last week how Panama has 97 00:05:09,920 --> 00:05:13,120 Speaker 1: a bill where they want to legalize it but not 98 00:05:13,240 --> 00:05:15,479 Speaker 1: make it legal tender. So what's the difference with that. Well, 99 00:05:16,880 --> 00:05:19,240 Speaker 1: if they legalize it, then that means it won't be 100 00:05:19,279 --> 00:05:24,680 Speaker 1: treated like property, so that won't be taxed like capital gains. Um, 101 00:05:24,720 --> 00:05:26,719 Speaker 1: Whi's the big difference. What's the big deal? It's part 102 00:05:26,720 --> 00:05:30,400 Speaker 1: of the reason why I think there's a few reasons 103 00:05:30,440 --> 00:05:32,200 Speaker 1: why we don't use it as money in the United 104 00:05:32,240 --> 00:05:34,919 Speaker 1: States yet. One of them is because of the tax situation. 105 00:05:35,480 --> 00:05:37,920 Speaker 1: So if you buy it and it's at you know, forty, 106 00:05:39,600 --> 00:05:41,040 Speaker 1: then you go to Starbucks to buy a cup of 107 00:05:41,080 --> 00:05:43,880 Speaker 1: coffee and it's at forty one thousand, Well that's a 108 00:05:43,920 --> 00:05:46,760 Speaker 1: thousand dollars of profit, and you're gonna have to pay 109 00:05:46,800 --> 00:05:49,760 Speaker 1: tax on that. So it's like, I bought you know, 110 00:05:49,920 --> 00:05:53,360 Speaker 1: five dollars worth at forty and then I sold four 111 00:05:53,400 --> 00:05:56,159 Speaker 1: dollars worth for my cup of coffee at forty one thousand, 112 00:05:56,400 --> 00:06:00,159 Speaker 1: So how much was my profit? What percentage? How do 113 00:06:00,160 --> 00:06:02,440 Speaker 1: I fill that out on my tax form? Nobody's gonna 114 00:06:02,480 --> 00:06:04,960 Speaker 1: do that. Nobody wants to fill out a tax form 115 00:06:04,960 --> 00:06:06,599 Speaker 1: for every single time they buy a couple of coffee. 116 00:06:07,080 --> 00:06:09,360 Speaker 1: And so that that tax piece, which Panama is working 117 00:06:09,400 --> 00:06:11,400 Speaker 1: to move out of the way, is very big because 118 00:06:11,760 --> 00:06:14,000 Speaker 1: now it could open up to be used as as money. 119 00:06:15,320 --> 00:06:16,560 Speaker 1: The other reason why we don't want to use it 120 00:06:16,600 --> 00:06:19,440 Speaker 1: as money, though, is beyond the tax thing, is that 121 00:06:20,040 --> 00:06:23,800 Speaker 1: um over over time bitcoin goes up and over time 122 00:06:23,880 --> 00:06:27,840 Speaker 1: dollar goes down. If you look at it over you know, 123 00:06:27,920 --> 00:06:29,600 Speaker 1: a week or two or a month, or two. You 124 00:06:29,640 --> 00:06:32,840 Speaker 1: might see something different. But over time bitcoin has gone 125 00:06:32,839 --> 00:06:35,600 Speaker 1: from zero to forty and the dollar's gone from forty 126 00:06:35,600 --> 00:06:39,080 Speaker 1: tho zero basically, so over time the dollar goes down. 127 00:06:39,080 --> 00:06:41,440 Speaker 1: So we want to spend our feat because it's going 128 00:06:41,480 --> 00:06:43,800 Speaker 1: down in value. We want to save our bitcoin because 129 00:06:43,800 --> 00:06:46,360 Speaker 1: it's going up in value. So those are two reasons 130 00:06:46,480 --> 00:06:48,479 Speaker 1: why we don't really want to spend it. But back 131 00:06:48,520 --> 00:06:51,039 Speaker 1: to Panama, if they make it legal where they remove 132 00:06:51,120 --> 00:06:53,359 Speaker 1: the tax barrier, that's pretty awesome. And what I like 133 00:06:53,480 --> 00:06:56,880 Speaker 1: about it is they take away the tax piece, but 134 00:06:56,920 --> 00:06:59,159 Speaker 1: then they leave it up to the individual people if 135 00:06:59,200 --> 00:07:01,720 Speaker 1: they want to accept about making a law to force 136 00:07:01,760 --> 00:07:03,320 Speaker 1: them what to do. If you listen to me any 137 00:07:03,360 --> 00:07:05,919 Speaker 1: period of time, you know that I am not for 138 00:07:06,160 --> 00:07:08,720 Speaker 1: making new laws telling people what to do, even if 139 00:07:08,720 --> 00:07:10,880 Speaker 1: there afore things that I may like, because I also 140 00:07:10,960 --> 00:07:12,480 Speaker 1: understand that there's somebody on the other side that maybe 141 00:07:12,520 --> 00:07:16,240 Speaker 1: doesn't like that. Um My dad told me when I 142 00:07:16,360 --> 00:07:18,240 Speaker 1: turned eighteen, when I first started voting, he said, just 143 00:07:18,240 --> 00:07:21,360 Speaker 1: remember every time you go to vote that every new law, 144 00:07:22,240 --> 00:07:24,040 Speaker 1: whether you like it or not, whether it's good or bad, 145 00:07:24,600 --> 00:07:27,480 Speaker 1: it's less freedom. And so I just think about that. 146 00:07:27,920 --> 00:07:30,760 Speaker 1: I really try to put myself on both sides, and 147 00:07:30,840 --> 00:07:33,720 Speaker 1: so i'm i'm I'm typically for not forcing people to 148 00:07:33,760 --> 00:07:37,120 Speaker 1: do things. Obviously, we want to force people not to 149 00:07:37,640 --> 00:07:40,040 Speaker 1: do things like murder, right, Obviously there's laws against that 150 00:07:40,040 --> 00:07:42,760 Speaker 1: where you cause harm to other people, what kind of 151 00:07:42,840 --> 00:07:44,240 Speaker 1: like in a live and let live thing, man like 152 00:07:44,280 --> 00:07:48,280 Speaker 1: a liber libertarian viewpoint, not that I'm a libertarian, but um, 153 00:07:48,320 --> 00:07:49,760 Speaker 1: you know, do what you want to do as long 154 00:07:49,800 --> 00:07:52,200 Speaker 1: as you're hurting somebody kind of a thing. So anyway 155 00:07:52,560 --> 00:07:54,000 Speaker 1: back to this bitcoin piece, So they want to make 156 00:07:54,000 --> 00:07:56,440 Speaker 1: it legal but not legal tender, not forcing people to 157 00:07:56,480 --> 00:07:59,360 Speaker 1: do it, which is good, and that's that's what I 158 00:07:59,360 --> 00:08:01,520 Speaker 1: think we should see happened in the United States as well, 159 00:08:02,200 --> 00:08:03,640 Speaker 1: because like I said, I can already accept it in 160 00:08:03,640 --> 00:08:05,280 Speaker 1: my business. You can accept it in your business. Any 161 00:08:05,360 --> 00:08:08,760 Speaker 1: anyone could accept it if they want. Um. But there's 162 00:08:08,800 --> 00:08:13,360 Speaker 1: another country that just made it legal tender. So it's 163 00:08:13,360 --> 00:08:16,119 Speaker 1: a big deal because instead of happening organically, they basically 164 00:08:16,200 --> 00:08:21,280 Speaker 1: forced the adoption overnight. And it may be a little country, 165 00:08:21,520 --> 00:08:25,120 Speaker 1: but it's a little country that could open up the door, 166 00:08:25,120 --> 00:08:28,320 Speaker 1: I should say, the floodgates to lots of people coming in, 167 00:08:29,920 --> 00:08:34,760 Speaker 1: and it might be the part of the world that 168 00:08:34,840 --> 00:08:37,480 Speaker 1: needs it the most. Else over is cool, and I'm 169 00:08:37,600 --> 00:08:41,160 Speaker 1: humpy for them, but this might be the part of 170 00:08:41,160 --> 00:08:43,320 Speaker 1: the world that needs it the most. I'm gonna explaining 171 00:08:43,360 --> 00:08:45,560 Speaker 1: to you what country this is, and then I'm gonna 172 00:08:45,600 --> 00:08:49,720 Speaker 1: break down the monetary system that they have because most 173 00:08:49,720 --> 00:08:52,079 Speaker 1: people probably have never heard of this or understand this. 174 00:08:52,160 --> 00:08:54,240 Speaker 1: I had to go back and like learn this myself, 175 00:08:54,679 --> 00:08:58,000 Speaker 1: and it is shocking, to say the least. Like we 176 00:08:58,040 --> 00:09:00,960 Speaker 1: need to do something about this immediately. You're listening to 177 00:09:00,960 --> 00:09:03,400 Speaker 1: the Mark Moa Show. We're talking about bitcoin, cryptocurrencies and 178 00:09:03,400 --> 00:09:06,880 Speaker 1: the decentralized revolution. I'm talking about the next country that 179 00:09:07,000 --> 00:09:09,840 Speaker 1: just made bitcoin legal tender and what that really means, 180 00:09:09,840 --> 00:09:12,760 Speaker 1: what the warnings are, and so much more. I'll be 181 00:09:12,800 --> 00:09:15,920 Speaker 1: back in a second. Do not go away, all right, 182 00:09:15,960 --> 00:09:18,200 Speaker 1: Welcome back. You're listening to the Mark Moa Show talking 183 00:09:18,240 --> 00:09:22,560 Speaker 1: about bitcoin and the decentralized revolution. We were talking about 184 00:09:22,559 --> 00:09:25,120 Speaker 1: before the break, how you know, the money system as 185 00:09:25,160 --> 00:09:28,400 Speaker 1: we know it died, trust died. Everyone's scrambling to get 186 00:09:28,440 --> 00:09:32,080 Speaker 1: into a new monetary system. Russia is going to a 187 00:09:32,080 --> 00:09:34,000 Speaker 1: gold back currency, Israel is trying to get out of 188 00:09:34,040 --> 00:09:37,000 Speaker 1: the dollar, on and on. And on and on, UM, 189 00:09:37,400 --> 00:09:40,720 Speaker 1: And I said, you know, El Salvador made bitcoin legal tender. 190 00:09:40,840 --> 00:09:43,040 Speaker 1: Panama has got one of the books. But here we 191 00:09:43,160 --> 00:09:47,400 Speaker 1: have a little nation, the Central African Republic has now 192 00:09:47,440 --> 00:09:53,080 Speaker 1: adopted bitcoin as legal tender. And this is an amazing story. 193 00:09:53,200 --> 00:09:58,680 Speaker 1: Like I said before the break, where this happened, might 194 00:09:58,760 --> 00:10:01,440 Speaker 1: be the part of the world that needs it the most. 195 00:10:02,440 --> 00:10:03,880 Speaker 1: And that's that's a that's a tall tale. I mean, 196 00:10:03,880 --> 00:10:05,320 Speaker 1: there's a lot of places in the world that need it. 197 00:10:06,559 --> 00:10:09,720 Speaker 1: But when you understand what is going on in this 198 00:10:10,000 --> 00:10:14,600 Speaker 1: Central African nation and the other nations around it, it is, uh, 199 00:10:14,640 --> 00:10:17,640 Speaker 1: it's unbelievable. So to know that this is going on 200 00:10:17,720 --> 00:10:20,000 Speaker 1: today and and you're gonna understand that we should do 201 00:10:20,000 --> 00:10:23,000 Speaker 1: something about it. So the small little nation in Africa 202 00:10:23,040 --> 00:10:25,920 Speaker 1: has adopted it. It's not a big nation by itself, 203 00:10:25,920 --> 00:10:27,120 Speaker 1: but like I said, it's part of a group. And 204 00:10:27,160 --> 00:10:29,480 Speaker 1: I'll explain that in a second. Um. And so they've 205 00:10:29,520 --> 00:10:32,000 Speaker 1: adopted it. They want to, uh, you know, try to 206 00:10:32,040 --> 00:10:35,640 Speaker 1: better their lives. Um. What is that Einstein's theory of 207 00:10:36,400 --> 00:10:39,360 Speaker 1: insanity is doing the same thing expecting different results. So 208 00:10:39,400 --> 00:10:42,559 Speaker 1: they decided, let's let's try something different, let's change our currency, 209 00:10:43,800 --> 00:10:46,000 Speaker 1: and so that's good. We've been talking about that. It's 210 00:10:46,000 --> 00:10:49,400 Speaker 1: been big news. But the i m F, the International 211 00:10:49,480 --> 00:10:53,160 Speaker 1: Monetary Fund, which is again kind of like the central 212 00:10:53,160 --> 00:10:56,120 Speaker 1: bank above the central banks, they came out and they're 213 00:10:56,160 --> 00:11:00,520 Speaker 1: not happy about it. Oh, no kidding, right, Uh, essential 214 00:11:00,559 --> 00:11:03,520 Speaker 1: African nation decides to use a different money than than 215 00:11:03,640 --> 00:11:05,440 Speaker 1: what the I m F has and the i m 216 00:11:05,480 --> 00:11:07,720 Speaker 1: F doesn't like it. Now, the i m F also 217 00:11:07,800 --> 00:11:10,719 Speaker 1: doesn't like El Salvador using it, and they've been threatening, 218 00:11:11,640 --> 00:11:15,200 Speaker 1: they've been warning, they've been uh, they've been trying to 219 00:11:15,320 --> 00:11:18,000 Speaker 1: get El Salvador to get off of that. Of course 220 00:11:18,000 --> 00:11:21,640 Speaker 1: El Salvador is held strong. They're not doing that. And 221 00:11:21,720 --> 00:11:25,079 Speaker 1: now we saw this week that the i m F 222 00:11:25,240 --> 00:11:27,040 Speaker 1: is now coming out and saying the same thing. They 223 00:11:27,040 --> 00:11:30,680 Speaker 1: said that bitcoin is not at panacea for Africa's economic woes, 224 00:11:31,000 --> 00:11:34,640 Speaker 1: says the i m F. He says, uh, And of 225 00:11:34,679 --> 00:11:36,880 Speaker 1: course it came out of Paris, France. And I'm gonna 226 00:11:36,880 --> 00:11:40,080 Speaker 1: explain why that is important in a minute. Per Paris, France, 227 00:11:40,120 --> 00:11:42,520 Speaker 1: bitcoin is not a cure all for Africa's economic woes, 228 00:11:42,559 --> 00:11:46,680 Speaker 1: the International Monetary Fund warned after the Central African Republic 229 00:11:46,760 --> 00:11:51,760 Speaker 1: adopted the cryptocurrency as legal tender. So how dare you 230 00:11:52,240 --> 00:11:55,120 Speaker 1: decided to use a different money than what we use? Um? 231 00:11:55,160 --> 00:11:56,920 Speaker 1: And this is this is not a cure all like, 232 00:11:57,000 --> 00:11:58,640 Speaker 1: You're not just gonna be better because of it. That's 233 00:11:58,720 --> 00:12:02,000 Speaker 1: that's their warning. Um. And it says the Central African 234 00:12:02,000 --> 00:12:04,320 Speaker 1: Republic has become the second country in the world to 235 00:12:04,360 --> 00:12:07,720 Speaker 1: adopt bitcoin is official currency, after El Savagor, which did 236 00:12:07,720 --> 00:12:10,200 Speaker 1: so last year. It goes on to say that the CAR, 237 00:12:10,320 --> 00:12:13,000 Speaker 1: which is the Central African Republic, the CAR is one 238 00:12:13,000 --> 00:12:16,680 Speaker 1: of the planet's poorest and most troubled nations, locked in 239 00:12:16,720 --> 00:12:20,439 Speaker 1: a nine year old civil conflict, and with an economy 240 00:12:20,559 --> 00:12:25,199 Speaker 1: heavily dependent on mineral extraction, much of which is informal. 241 00:12:25,520 --> 00:12:28,480 Speaker 1: So as I've been talking about a lot at the 242 00:12:28,640 --> 00:12:31,000 Speaker 1: end of a long term debt cycle where at the 243 00:12:31,120 --> 00:12:34,560 Speaker 1: end we have three cycles converging a financial revolution cycle 244 00:12:34,600 --> 00:12:38,000 Speaker 1: eighty year cycle that's ending right now, converging with a 245 00:12:38,000 --> 00:12:40,480 Speaker 1: fifty year technological revolution cycle, and tune in your political 246 00:12:40,480 --> 00:12:43,920 Speaker 1: revolution cycle. Um. But at the end of a financial 247 00:12:43,960 --> 00:12:46,320 Speaker 1: revolution cycle, when people go broke, they go to war. 248 00:12:46,559 --> 00:12:48,680 Speaker 1: That's basically what it means. And so this country is 249 00:12:48,720 --> 00:12:51,480 Speaker 1: so broke. This is one of the planet's poorest and 250 00:12:51,520 --> 00:12:53,800 Speaker 1: troubled nations locked in a nine year civil conflict. So 251 00:12:54,080 --> 00:12:56,040 Speaker 1: of course they have war. They have no money, and 252 00:12:56,080 --> 00:12:59,240 Speaker 1: I'm gonna explain why. On a second, it says it's 253 00:12:59,240 --> 00:13:03,640 Speaker 1: amongst six Central African countries that share the cf A franc. 254 00:13:04,600 --> 00:13:07,800 Speaker 1: This is the key piece here. It's among six Central 255 00:13:07,840 --> 00:13:11,120 Speaker 1: African countries that share the cf A franc, a regional 256 00:13:11,120 --> 00:13:16,840 Speaker 1: currency that is backed by France. Okay, wait till you 257 00:13:16,960 --> 00:13:18,800 Speaker 1: learn about this. I want to break it down for you. 258 00:13:19,000 --> 00:13:20,400 Speaker 1: And they wanted to say that the i m F 259 00:13:20,480 --> 00:13:24,080 Speaker 1: had heavily criticized El Salvador's adoption of the cryptocurrency last year, 260 00:13:24,720 --> 00:13:27,920 Speaker 1: warning of quote large risks associated with the use of 261 00:13:27,960 --> 00:13:35,400 Speaker 1: bitcoin on financial stability, financial integrity, and consumer protection end quote. Yeah, right. 262 00:13:35,480 --> 00:13:39,320 Speaker 1: The i m F is concerned about that. They're they're 263 00:13:39,400 --> 00:13:43,680 Speaker 1: they're they're they're worried about financial stability. I think they're 264 00:13:43,720 --> 00:13:47,959 Speaker 1: worried about their financial monopoly is probably more what it's 265 00:13:48,000 --> 00:13:52,280 Speaker 1: talking about. If they're really worried about financial integrity and 266 00:13:52,320 --> 00:13:56,560 Speaker 1: consumer protection, then they wouldn't ever allow these nations to 267 00:13:56,679 --> 00:13:58,800 Speaker 1: use this c f A franc. Now, have you ever 268 00:13:58,800 --> 00:14:01,200 Speaker 1: heard of the c f a frank before I know 269 00:14:01,280 --> 00:14:03,840 Speaker 1: you can't answer me back, but of course you haven't. 270 00:14:03,880 --> 00:14:06,560 Speaker 1: You haven't, well maybe you have, a very few people have. 271 00:14:06,640 --> 00:14:08,280 Speaker 1: It's the c F A franc and the reason why 272 00:14:08,440 --> 00:14:13,440 Speaker 1: is because France doesn't use that currency, so it's it's 273 00:14:13,480 --> 00:14:16,080 Speaker 1: backed by France, but France of course uses the Euro. 274 00:14:16,920 --> 00:14:20,240 Speaker 1: So these African nations are using the French money that 275 00:14:20,320 --> 00:14:24,840 Speaker 1: the French don't even use. That's interesting. How the heck 276 00:14:24,840 --> 00:14:27,920 Speaker 1: did that come to be? Well, let's dig into that story, 277 00:14:28,960 --> 00:14:31,280 Speaker 1: because when you understand this, oh man, it's gonna open 278 00:14:31,280 --> 00:14:34,520 Speaker 1: you up. So uh, there's a here's a story of 279 00:14:34,800 --> 00:14:38,040 Speaker 1: Fotahota as someone that I've met when I was in 280 00:14:38,120 --> 00:14:41,640 Speaker 1: El Salvador last year. Great guy, um, and it's a 281 00:14:41,800 --> 00:14:44,480 Speaker 1: it's a it's a story of Fota Um. He's uh, 282 00:14:44,600 --> 00:14:47,640 Speaker 1: he's a bitcoin coder. Now by the time, back in 283 00:14:47,720 --> 00:14:52,160 Speaker 1: nineteen nineteen ninety three, an eighteen year old living in Senegal, 284 00:14:52,960 --> 00:14:54,840 Speaker 1: and he had a bright right path in front of him. 285 00:14:54,840 --> 00:14:57,120 Speaker 1: A basketball player could be an engineer, like I said, now, 286 00:14:57,160 --> 00:15:01,280 Speaker 1: he's a coder. His father was a school teacher. Um. 287 00:15:01,320 --> 00:15:03,280 Speaker 1: You know, he wanted to move to Europe and training 288 00:15:03,320 --> 00:15:05,600 Speaker 1: the United States. But he woke up in the morning 289 00:15:05,640 --> 00:15:10,520 Speaker 1: of January and everything changed overnight. His family lost half 290 00:15:10,680 --> 00:15:14,480 Speaker 1: its savings, not because of theft, not because of a 291 00:15:14,480 --> 00:15:17,640 Speaker 1: bank robbery, not because of a bankruptcy, but a currency 292 00:15:17,840 --> 00:15:23,160 Speaker 1: devaluation imposed by a foreign power, France, based five thousand 293 00:15:23,200 --> 00:15:25,200 Speaker 1: kilometers away. Now I'm getting some of this from an 294 00:15:25,280 --> 00:15:30,000 Speaker 1: article titled Fighting Monetary Colonialism with Open Source Code written 295 00:15:30,000 --> 00:15:33,800 Speaker 1: by Buddy Alex Gladstein. Alex was the very first guest 296 00:15:33,840 --> 00:15:36,280 Speaker 1: I had on my show when we started back in October. 297 00:15:37,800 --> 00:15:40,280 Speaker 1: So you can find that fighting Monetary Colonialism with Open 298 00:15:40,280 --> 00:15:44,960 Speaker 1: Source Code by Alex Gladstein, so shout out to him. 299 00:15:45,000 --> 00:15:47,840 Speaker 1: But so basically, Foy's family lost half their savings because 300 00:15:48,280 --> 00:15:51,520 Speaker 1: it was de valued. So what does that mean? So 301 00:15:51,640 --> 00:15:54,440 Speaker 1: the franc or it stands for the Financial Community of Africa, 302 00:15:54,920 --> 00:15:57,120 Speaker 1: is known widely as the c f A franc or 303 00:15:57,120 --> 00:15:59,760 Speaker 1: they call it the SIFA for short, and for Photi's 304 00:15:59,840 --> 00:16:02,560 Speaker 1: entire life, the SIFA had been pegged to the French 305 00:16:02,600 --> 00:16:06,280 Speaker 1: franc at the rate of one to fifty, so one 306 00:16:06,760 --> 00:16:10,680 Speaker 1: UM one uh one sifa for fifty French fas. But 307 00:16:10,840 --> 00:16:13,640 Speaker 1: the late night meeting concluded and a minute announcements at 308 00:16:13,640 --> 00:16:16,120 Speaker 1: the new vive at one to a hundred, so all 309 00:16:16,120 --> 00:16:18,600 Speaker 1: of a sudden it was worth half as much. The 310 00:16:18,720 --> 00:16:21,280 Speaker 1: irony was that the economic fate of millions of single 311 00:16:21,720 --> 00:16:27,080 Speaker 1: snalga snagales, sorry if I said that wrong, was completely 312 00:16:27,120 --> 00:16:30,720 Speaker 1: out of their own hands for new dec for decades, 313 00:16:30,760 --> 00:16:33,720 Speaker 1: presidents came and went, but the underlying financial arrangement never changed. 314 00:16:33,800 --> 00:16:37,280 Speaker 1: Unlike a typical fiat currency, the system was far more insidious. 315 00:16:38,080 --> 00:16:41,120 Speaker 1: It was monetary colonialism. That's a big word. But when 316 00:16:41,120 --> 00:16:45,440 Speaker 1: you hear what happens, um, you're gonna understand. Now. France, 317 00:16:45,800 --> 00:16:49,680 Speaker 1: like most of Europe, all right back before World War Two, 318 00:16:49,920 --> 00:16:52,640 Speaker 1: they had colonialized many nations. So basically they went around 319 00:16:52,680 --> 00:16:55,680 Speaker 1: the world, you know, building out their empire, often brutally 320 00:16:55,680 --> 00:16:58,840 Speaker 1: taking over these places, occupying them and then just taking 321 00:16:58,880 --> 00:17:02,320 Speaker 1: all their assets away. All right, um, But after World 322 00:17:02,320 --> 00:17:06,480 Speaker 1: War Two, all these empires, these colonial colonies started kind 323 00:17:06,480 --> 00:17:09,520 Speaker 1: of falling apart, They started to disintegrate. The French really 324 00:17:09,560 --> 00:17:13,960 Speaker 1: fought to keep their colonies, um, fighting wars, trying to 325 00:17:14,000 --> 00:17:16,480 Speaker 1: hang onto it, and they were really they lost most 326 00:17:16,520 --> 00:17:18,360 Speaker 1: of it. They were determined not to lose his territories 327 00:17:18,400 --> 00:17:22,640 Speaker 1: in western Central Africa, which is where we're talking about today. Um. 328 00:17:22,840 --> 00:17:24,400 Speaker 1: By the way, you're listening to the Mark Ma Show 329 00:17:24,440 --> 00:17:26,439 Speaker 1: and we're talking about bitcoin. I'm giving you a story 330 00:17:26,480 --> 00:17:30,280 Speaker 1: of how it's gonna potentially solve this problem over here. UM, 331 00:17:30,440 --> 00:17:35,000 Speaker 1: we're talking about bitcoin, cryptocurrency and the decentralized Revolution. I'm 332 00:17:35,040 --> 00:17:37,640 Speaker 1: explaining to you what France is doing to these African 333 00:17:37,720 --> 00:17:41,520 Speaker 1: nations and how they might have a solution for this. Uh, 334 00:17:41,560 --> 00:17:43,880 Speaker 1: it's pretty pretty amazing story. You're listening to the Mark 335 00:17:43,880 --> 00:17:45,240 Speaker 1: Mo Show. I'm gonna be back. I gonna finish the 336 00:17:45,280 --> 00:17:48,520 Speaker 1: rest of this and tell you what the warning says. 337 00:17:49,080 --> 00:17:50,600 Speaker 1: I got that and more when I come back, So 338 00:17:50,680 --> 00:17:53,119 Speaker 1: don't go away. All right, welcome back. You're listening to 339 00:17:53,160 --> 00:17:56,480 Speaker 1: the Mark Ma Show and we're talking about bitcoin. We're 340 00:17:56,480 --> 00:18:00,080 Speaker 1: talking about the decentralized Revolution. We're talking about how a 341 00:18:00,200 --> 00:18:06,000 Speaker 1: second nation officially made bitcoin legal tender. Panama. I'm sorry 342 00:18:06,000 --> 00:18:08,359 Speaker 1: El Salvador being the first. Panama is working on it, 343 00:18:08,400 --> 00:18:10,960 Speaker 1: but Al Savador was the first to make it legal tender. UM. 344 00:18:11,040 --> 00:18:15,159 Speaker 1: And now the Central African Republic, the c a R, 345 00:18:15,520 --> 00:18:18,399 Speaker 1: has decided to make it legal tender. And it's a 346 00:18:18,400 --> 00:18:20,680 Speaker 1: little country, one of the poorest countries, you know, in 347 00:18:20,720 --> 00:18:23,480 Speaker 1: the world. And the i m F, the International Monitary Fund, 348 00:18:23,480 --> 00:18:27,200 Speaker 1: came out and warned them, warned them, be warning, don't 349 00:18:27,280 --> 00:18:30,520 Speaker 1: use this. It could it could get worse. It's a 350 00:18:30,560 --> 00:18:33,720 Speaker 1: it's like those uh, those stories of like the vaccine 351 00:18:33,760 --> 00:18:36,560 Speaker 1: and like COVID, and it's like, uh, oh, this person 352 00:18:36,680 --> 00:18:38,479 Speaker 1: died of COVID. But good thing they had the vaccine. 353 00:18:38,520 --> 00:18:39,760 Speaker 1: It could have been so much worse. And it's like, 354 00:18:40,359 --> 00:18:43,080 Speaker 1: but they died. How much worse couers we've gotten? And 355 00:18:43,760 --> 00:18:46,000 Speaker 1: this nation is one of the poorest in the world. 356 00:18:46,000 --> 00:18:48,760 Speaker 1: They've been plagued by war for nine years. How much 357 00:18:48,800 --> 00:18:51,840 Speaker 1: worse can it get? And so here we are. Why 358 00:18:51,880 --> 00:18:53,280 Speaker 1: is the i m F warning them? Well, I'm giving 359 00:18:53,320 --> 00:18:57,040 Speaker 1: you the story here in the background. So uh, France said, 360 00:18:57,560 --> 00:19:00,959 Speaker 1: like most European countries had built up these colonies um 361 00:19:00,960 --> 00:19:03,080 Speaker 1: around the world. At to World War Two, most of 362 00:19:03,080 --> 00:19:05,320 Speaker 1: these colonies kind of started pulling out, but France was 363 00:19:05,320 --> 00:19:07,800 Speaker 1: determined not to lose his territories in West and Central Africa, 364 00:19:08,560 --> 00:19:10,199 Speaker 1: and they really wanted to hang on to him. They 365 00:19:10,240 --> 00:19:12,880 Speaker 1: want to hang onto him one because those people, they 366 00:19:12,880 --> 00:19:15,800 Speaker 1: took the people to provide manpower during the two World Wars. 367 00:19:16,320 --> 00:19:21,240 Speaker 1: Also they had a lot of natural resources, uranium, coco, timber, 368 00:19:21,800 --> 00:19:23,879 Speaker 1: things like that, and so they wanted to strip mine them. 369 00:19:23,880 --> 00:19:27,719 Speaker 1: They wanted to take that all right. But as uh 370 00:19:27,880 --> 00:19:31,399 Speaker 1: as all this was happening, Europe was, you know, Europe 371 00:19:31,400 --> 00:19:34,280 Speaker 1: was getting out of Africa. But the French authorities realized 372 00:19:34,320 --> 00:19:36,679 Speaker 1: they could have their cake and they could eat it 373 00:19:36,760 --> 00:19:41,520 Speaker 1: too if they if they seed political control. So basically, hey, okay, Africa, 374 00:19:42,160 --> 00:19:44,320 Speaker 1: go ahead, you set up your own political system. That's fine, 375 00:19:44,440 --> 00:19:49,240 Speaker 1: but we're going to retain monetary control. Now Henry kissing 376 00:19:49,280 --> 00:19:52,199 Speaker 1: your families, he said that control the food, you control 377 00:19:52,240 --> 00:19:55,080 Speaker 1: the people, control the energy, control the continent, control the money, 378 00:19:55,200 --> 00:19:58,280 Speaker 1: you control the world. And so basically that's what French realized, like, hey, 379 00:19:58,720 --> 00:20:01,280 Speaker 1: we'll give you back your country, we'll give about political control, 380 00:20:01,800 --> 00:20:05,280 Speaker 1: but we're gonna retain monetary control. We're gonna control your money. 381 00:20:05,480 --> 00:20:07,239 Speaker 1: And this is where bitcoin comes into play. But I'm 382 00:20:07,240 --> 00:20:11,439 Speaker 1: gonna finish telling of the story. So this legacy of 383 00:20:11,480 --> 00:20:15,119 Speaker 1: what France did with this colonization, they decolonized, gave them 384 00:20:15,119 --> 00:20:17,359 Speaker 1: their country back with ket montary control, and the still 385 00:20:17,359 --> 00:20:21,400 Speaker 1: stands today in fifteen countries that speak French and they 386 00:20:21,520 --> 00:20:25,879 Speaker 1: use the currency controlled by Paris, and that's Senegal, Molly 387 00:20:26,160 --> 00:20:32,560 Speaker 1: Ivory Coast, Guinea, Togo, been In, Burkina, Niger, Cameroon, Chad, 388 00:20:32,600 --> 00:20:36,840 Speaker 1: the Central African Republic, Gabon, Equatorial Guinea, the Republic of 389 00:20:36,880 --> 00:20:41,480 Speaker 1: Congo and Comoros. Sorry if I butchered any of those. 390 00:20:42,080 --> 00:20:46,040 Speaker 1: So they still control those areas and um in. As 391 00:20:46,040 --> 00:20:49,040 Speaker 1: of now, the French still exert monetary control over more 392 00:20:49,040 --> 00:20:53,720 Speaker 1: than two point five million square kilometers of Africa territory, 393 00:20:54,320 --> 00:20:57,240 Speaker 1: an area that's the size of India. So they're still 394 00:20:57,240 --> 00:21:03,160 Speaker 1: controlling these people with their money. Now today, sixty seven 395 00:21:03,240 --> 00:21:06,679 Speaker 1: million people live in France that uses the Euro for 396 00:21:06,760 --> 00:21:10,160 Speaker 1: currency that they don't control. Sixty seven million people lived there. 397 00:21:10,160 --> 00:21:11,960 Speaker 1: A hundred and eighty three million live in the c 398 00:21:12,119 --> 00:21:15,359 Speaker 1: f A zone and according to the u N projections, 399 00:21:15,400 --> 00:21:18,880 Speaker 1: by the year twenty one hundred, France will have seventy 400 00:21:18,880 --> 00:21:21,160 Speaker 1: four million and the CFA nations will have more than 401 00:21:21,280 --> 00:21:26,000 Speaker 1: eight hundred million. And even though the CFA nations are 402 00:21:26,040 --> 00:21:28,720 Speaker 1: so much bigger than France and France has been long gone, 403 00:21:29,359 --> 00:21:32,760 Speaker 1: France still holds their financial destiny in their hands, which 404 00:21:32,800 --> 00:21:36,280 Speaker 1: is why one of one of many reasons I'm sure 405 00:21:36,920 --> 00:21:39,120 Speaker 1: they've continued to have civil war there for the last 406 00:21:39,200 --> 00:21:41,119 Speaker 1: nine years, they've been plagued by that. So let me 407 00:21:41,119 --> 00:21:42,200 Speaker 1: give you a little bit of story. I told you 408 00:21:42,200 --> 00:21:44,400 Speaker 1: about Foty story. But when the c F A franc 409 00:21:44,440 --> 00:21:46,840 Speaker 1: was originally introduced in nineteen forty five, it was worth 410 00:21:46,960 --> 00:21:51,880 Speaker 1: one point seven French francs. In nineteen forty eight, three 411 00:21:51,920 --> 00:21:54,920 Speaker 1: years later it was strengthened so there was to two 412 00:21:54,920 --> 00:21:57,600 Speaker 1: French francs, so one c F a franc equaled to 413 00:21:57,840 --> 00:22:01,040 Speaker 1: French francs. But by the time the c F a 414 00:22:01,080 --> 00:22:02,720 Speaker 1: franc was paid to the euro at the end of 415 00:22:02,720 --> 00:22:06,359 Speaker 1: the ninety nineties, it was worth wait for it, it 416 00:22:06,440 --> 00:22:12,360 Speaker 1: was worth zero point zero one. That's a total devaluation 417 00:22:12,520 --> 00:22:17,800 Speaker 1: of nine point five per cent. Every time Friends devalued 418 00:22:17,840 --> 00:22:21,119 Speaker 1: the c F A franc, it increased the purchasing power 419 00:22:21,200 --> 00:22:24,520 Speaker 1: against the colony and it made it more expensive for 420 00:22:24,560 --> 00:22:31,119 Speaker 1: them to import vital goods. So the French people just said, okay, 421 00:22:31,440 --> 00:22:33,680 Speaker 1: we're gonna now your money is worth half as much. 422 00:22:34,320 --> 00:22:36,640 Speaker 1: What that did two things. One, it allowed the French 423 00:22:36,680 --> 00:22:40,040 Speaker 1: people to go buy all the stuff from them in 424 00:22:40,080 --> 00:22:43,560 Speaker 1: the CFA nations. It allowed them to buy their their minerals, 425 00:22:43,560 --> 00:22:46,280 Speaker 1: their timber, etcetera, for half the price they were paying before. 426 00:22:46,920 --> 00:22:50,800 Speaker 1: And the people living there we're getting robbed selling stuff 427 00:22:50,800 --> 00:22:54,680 Speaker 1: for next to nothing, and they couldn't buy anything from 428 00:22:54,920 --> 00:22:58,160 Speaker 1: France because it was too expensive. So they kept getting 429 00:22:58,200 --> 00:23:00,240 Speaker 1: poor and poor and poor. Their assets keep getting take 430 00:23:00,240 --> 00:23:02,879 Speaker 1: and take and taken, and they have no way to 431 00:23:02,920 --> 00:23:10,240 Speaker 1: get around it. It says here um. In the French 432 00:23:10,240 --> 00:23:12,080 Speaker 1: people were able to vote on whether or not to 433 00:23:12,119 --> 00:23:15,600 Speaker 1: adopt the Euro through a national referendum, the cf A 434 00:23:15,720 --> 00:23:18,479 Speaker 1: nationals were denied any such right and we're excluded from 435 00:23:18,520 --> 00:23:21,200 Speaker 1: the negotiations that would peg their money to a new currency. 436 00:23:21,600 --> 00:23:25,959 Speaker 1: So the French people decided that we're going to um 437 00:23:26,160 --> 00:23:30,520 Speaker 1: leave this and move to the Euro. But the cf 438 00:23:30,520 --> 00:23:33,840 Speaker 1: A nationals they didn't get any such right, so they 439 00:23:33,880 --> 00:23:36,000 Speaker 1: got stuck with the old currency that France isn't even 440 00:23:36,080 --> 00:23:38,679 Speaker 1: using anymore. I mean, that's just how insane this is. 441 00:23:39,960 --> 00:23:43,959 Speaker 1: And so basically anytime they want, France can just devalue 442 00:23:44,000 --> 00:23:46,920 Speaker 1: the money and go get more stuff out of this 443 00:23:47,000 --> 00:23:49,560 Speaker 1: colony that they have. So it's monetary colonalism. Is back 444 00:23:49,600 --> 00:23:52,560 Speaker 1: to the point of the article, um, it says uh. 445 00:23:53,840 --> 00:23:56,640 Speaker 1: In addition to that, the citizens that carry these CFA 446 00:23:56,680 --> 00:23:59,480 Speaker 1: Franks or cifa's outside of their central bank zone can't 447 00:23:59,520 --> 00:24:03,200 Speaker 1: exchange them formally anywhere because the money is no good. 448 00:24:03,880 --> 00:24:07,120 Speaker 1: It's not like a naturally recognized currency like the dollar 449 00:24:07,240 --> 00:24:09,560 Speaker 1: or the euro. So if they take these cifa's out, 450 00:24:09,800 --> 00:24:13,080 Speaker 1: they can't exchange them anywhere. They're as useless as a postcard. 451 00:24:14,440 --> 00:24:16,320 Speaker 1: If they leave their country, they have to exchange the 452 00:24:16,359 --> 00:24:19,439 Speaker 1: notes first for Euros, where the French Treasury and the 453 00:24:19,440 --> 00:24:22,800 Speaker 1: European Central Bank extracts sceneridge through the exchange rates. So 454 00:24:22,840 --> 00:24:25,520 Speaker 1: then whenever they want to exchange them back. So it's 455 00:24:25,520 --> 00:24:27,720 Speaker 1: bad enough they continue to devalue them on them, but 456 00:24:27,800 --> 00:24:29,399 Speaker 1: then if they want to go anywhere, they have to 457 00:24:29,400 --> 00:24:32,160 Speaker 1: exchange them, and of course every time they exchange them 458 00:24:32,320 --> 00:24:35,360 Speaker 1: they take even more money. I mean, it's just insane. 459 00:24:36,840 --> 00:24:39,720 Speaker 1: The most surprising part, perhaps is the special privilege of 460 00:24:39,840 --> 00:24:43,879 Speaker 1: first right of refusal on imports and exports. If you're 461 00:24:43,920 --> 00:24:46,600 Speaker 1: a Malinian cotton producer, you must first offer your goods 462 00:24:46,600 --> 00:24:49,440 Speaker 1: to France before you go to the international markets. Or 463 00:24:49,480 --> 00:24:51,199 Speaker 1: if you're in Benin and want to build a new 464 00:24:51,240 --> 00:24:57,000 Speaker 1: infrastructure project, you must consider French bids before others. What 465 00:24:57,119 --> 00:24:59,600 Speaker 1: this means is that France is able to access cheaper 466 00:24:59,640 --> 00:25:03,200 Speaker 1: than mar goods from its former colonies and sell its 467 00:25:03,200 --> 00:25:07,160 Speaker 1: own goods and services for higher than market rates. So 468 00:25:07,600 --> 00:25:11,440 Speaker 1: again it's a way to steal. They just keep devaluing 469 00:25:11,480 --> 00:25:15,080 Speaker 1: the currency. They go in, they buy all the resources 470 00:25:15,119 --> 00:25:18,119 Speaker 1: they want at cheaper and cheaper prices, half the price whatever, 471 00:25:18,440 --> 00:25:20,400 Speaker 1: and the people living there continue to get that stuff 472 00:25:20,440 --> 00:25:22,600 Speaker 1: taken from them, and they don't have enough money to 473 00:25:22,680 --> 00:25:25,360 Speaker 1: go buy it back from them. I mean, it's insane. 474 00:25:26,920 --> 00:25:29,000 Speaker 1: The result is a situation in which the central banks 475 00:25:29,040 --> 00:25:32,280 Speaker 1: have ample foreign exchange reserves were numinated at low or 476 00:25:32,320 --> 00:25:37,800 Speaker 1: even negative rates in real terms, so they're told to 477 00:25:38,440 --> 00:25:41,240 Speaker 1: leave that money in the bank and they just do 478 00:25:41,280 --> 00:25:44,040 Speaker 1: what they want with it, says the World Bank and 479 00:25:44,080 --> 00:25:47,040 Speaker 1: the International Monetary Fund. The IMF have historically worked in 480 00:25:47,119 --> 00:25:50,120 Speaker 1: concert with France to enforce the SIFA system and rarely, 481 00:25:50,160 --> 00:25:54,520 Speaker 1: if ever, criticize its exploitive nature. The position of i 482 00:25:54,640 --> 00:25:57,560 Speaker 1: MF Managing Director has often been held by a French official, 483 00:25:57,720 --> 00:26:01,439 Speaker 1: of course, most recently Christine Legarde, who I will let 484 00:26:01,480 --> 00:26:06,160 Speaker 1: you know, Christine and Leguard is they convicted criminal, actually 485 00:26:06,680 --> 00:26:10,480 Speaker 1: a convicted criminal, but yet she still able to retain 486 00:26:10,560 --> 00:26:13,600 Speaker 1: her position of controlling the money of the world. I 487 00:26:13,640 --> 00:26:16,560 Speaker 1: guess they want to convict the criminal in there probably better. 488 00:26:18,280 --> 00:26:21,360 Speaker 1: Does that make you mad yet? I mean, is this insane? 489 00:26:22,640 --> 00:26:24,800 Speaker 1: And so it's no wonder they want to try to 490 00:26:24,800 --> 00:26:26,840 Speaker 1: get off of this. I want to get back. I 491 00:26:26,840 --> 00:26:28,679 Speaker 1: want to tell you. I want to go on and 492 00:26:28,680 --> 00:26:31,040 Speaker 1: tell you about these other nations that are dealing with this, 493 00:26:32,560 --> 00:26:33,800 Speaker 1: what it's gonna take for them to get off and 494 00:26:33,840 --> 00:26:35,720 Speaker 1: get this freedom. Why the m I m F is 495 00:26:35,760 --> 00:26:39,119 Speaker 1: warning them about this and some other warnings that we 496 00:26:39,240 --> 00:26:41,479 Speaker 1: might see similar things here in the United States, if 497 00:26:41,520 --> 00:26:44,960 Speaker 1: you could believe that it's getting that bad. Um, you're 498 00:26:45,000 --> 00:26:47,440 Speaker 1: listening to the Markma Show. We're talking about bitcoin. We're 499 00:26:47,440 --> 00:26:50,880 Speaker 1: talking about cryptocurrencies, We're talking about the decentralized revolution. We're 500 00:26:50,920 --> 00:26:54,879 Speaker 1: talking about the way the entire global monetary regime is 501 00:26:54,920 --> 00:26:59,560 Speaker 1: literally changing right before our very eyes. Big ways, like 502 00:26:59,600 --> 00:27:02,600 Speaker 1: in Russia back in their currency with gold, Israel moving 503 00:27:02,600 --> 00:27:05,600 Speaker 1: away from the dollar, China trying to dump their dollars, 504 00:27:06,080 --> 00:27:08,560 Speaker 1: or even small little African nations like this trying to 505 00:27:08,600 --> 00:27:11,440 Speaker 1: get away from their monetary colonalism and move to bitcoin. 506 00:27:12,320 --> 00:27:13,720 Speaker 1: You listen to the Mark My Show, I got a 507 00:27:13,720 --> 00:27:15,359 Speaker 1: lot more to go over when I get back in 508 00:27:15,400 --> 00:27:19,640 Speaker 1: a second, So don't go anywhere. I'll be right back. Hey, 509 00:27:19,720 --> 00:27:22,560 Speaker 1: welcome back to the Mark Moss Show. We're talking about bitcoin, 510 00:27:22,600 --> 00:27:26,359 Speaker 1: we're talking about cryptocurrencies, we're talking about the decentralized revolution, 511 00:27:27,200 --> 00:27:30,600 Speaker 1: and we're what we're watching this revolution play out in 512 00:27:30,720 --> 00:27:33,800 Speaker 1: real time. I mean, it's pretty exciting. A lot of 513 00:27:33,800 --> 00:27:36,200 Speaker 1: people often asked me, Mark, when is the dollar gonna 514 00:27:36,240 --> 00:27:39,399 Speaker 1: lose his reserve status? And I'm like, you know, or 515 00:27:39,400 --> 00:27:42,480 Speaker 1: when when is the system that changes? Like it's happening, 516 00:27:42,640 --> 00:27:45,600 Speaker 1: like we're watching it. It just doesn't happen and in 517 00:27:45,760 --> 00:27:49,040 Speaker 1: one moment's notice when the dollar took over the reserve 518 00:27:49,119 --> 00:27:52,920 Speaker 1: status of the world from the British pound sterling between 519 00:27:52,960 --> 00:27:54,639 Speaker 1: World War One and World War Two. It took about, 520 00:27:54,680 --> 00:27:57,119 Speaker 1: you know, forty years, fifty years for that to happen, 521 00:27:57,520 --> 00:28:00,879 Speaker 1: and so we're witnessing it. It's happening right now. Um, 522 00:28:00,880 --> 00:28:04,600 Speaker 1: it's uh, it's scary. There's a lot of uncertainty. It's 523 00:28:04,600 --> 00:28:06,440 Speaker 1: also a little bit exciting. Gives me lots of stuff 524 00:28:06,440 --> 00:28:09,119 Speaker 1: to talk about, and it's also kind of interesting to 525 00:28:09,160 --> 00:28:11,960 Speaker 1: realize that history books will be written about this period 526 00:28:12,000 --> 00:28:14,680 Speaker 1: in time right now. Like I can. I can name 527 00:28:14,840 --> 00:28:17,560 Speaker 1: off top of my head all the big UH moments 528 00:28:17,560 --> 00:28:19,520 Speaker 1: in time when the monetary system changed. We can go 529 00:28:19,520 --> 00:28:24,840 Speaker 1: back creation of the Feller Reserve, three UH sees the 530 00:28:24,840 --> 00:28:31,040 Speaker 1: gold Breton Wins Agreement nine one Nixon into the gold standard. 531 00:28:33,359 --> 00:28:37,200 Speaker 1: Maybe we'd say two thousand eight quantity of easying um 532 00:28:37,280 --> 00:28:40,440 Speaker 1: and then here we are two thousand twenty two. But 533 00:28:40,560 --> 00:28:44,080 Speaker 1: back to Africa. Staggering ten of the fifteen nations are 534 00:28:44,080 --> 00:28:48,080 Speaker 1: considered among the least developed countries in the world by 535 00:28:48,080 --> 00:28:52,680 Speaker 1: the United Nations, alongside the likes of Haiti, Yemen and Afghanistan. 536 00:28:53,240 --> 00:28:56,520 Speaker 1: Yeah no kidding. I wonder why they're some of the 537 00:28:56,600 --> 00:29:00,480 Speaker 1: least developed countries because of country like France can just 538 00:29:00,640 --> 00:29:03,320 Speaker 1: devalue their currency on a whim whenever they feel like 539 00:29:03,320 --> 00:29:07,640 Speaker 1: it and go take all their assets from them. Remember, 540 00:29:08,000 --> 00:29:11,240 Speaker 1: money is not wealth. Money measures wealth. Money helps us 541 00:29:11,240 --> 00:29:15,760 Speaker 1: acquire wealth. Wealth is goods and services. Mainly those are 542 00:29:16,160 --> 00:29:20,520 Speaker 1: food and energy, right, so you have minerals things like that. 543 00:29:21,000 --> 00:29:23,520 Speaker 1: So they have wealth. They have a lot of wealth, 544 00:29:23,760 --> 00:29:28,200 Speaker 1: but it's all being stolen from them at will. Francis 545 00:29:28,240 --> 00:29:31,000 Speaker 1: devalues their currency and then goes and loads up, goes 546 00:29:31,040 --> 00:29:35,440 Speaker 1: on a shopping spring. So no wonder they're some of 547 00:29:35,440 --> 00:29:41,959 Speaker 1: the least developed countries in the world. He says, uh, 548 00:29:42,160 --> 00:29:44,320 Speaker 1: because some of the cf A system as citizens having 549 00:29:44,520 --> 00:29:48,239 Speaker 1: quote only duties and no rights and that quote the 550 00:29:48,320 --> 00:29:51,040 Speaker 1: task of the colonized territories was to produce a lot, 551 00:29:51,560 --> 00:29:54,000 Speaker 1: to produce beyond their own needs, and to produce to 552 00:29:54,040 --> 00:29:56,520 Speaker 1: the detriment of their more immediate interests, in order to 553 00:29:56,560 --> 00:30:00,600 Speaker 1: allow the metropol a better standard of living and a 554 00:30:00,680 --> 00:30:07,080 Speaker 1: safer supply um. The French French Economic minister said in 555 00:30:07,440 --> 00:30:11,000 Speaker 1: seventeen that frances there is a friend. Yeah, right, So 556 00:30:11,680 --> 00:30:15,960 Speaker 1: now that you understand the situation that these African nations 557 00:30:16,120 --> 00:30:18,680 Speaker 1: are being forced to use this currency, this c f 558 00:30:18,760 --> 00:30:22,600 Speaker 1: A currency, and France is devaluing it at will so 559 00:30:22,640 --> 00:30:24,760 Speaker 1: they can go take all their goods and services, all 560 00:30:24,760 --> 00:30:27,760 Speaker 1: their commodities, and then those people are being held into 561 00:30:27,760 --> 00:30:30,160 Speaker 1: poverty because they can't use that money to get outside 562 00:30:30,240 --> 00:30:33,800 Speaker 1: the system. It's no surprise that they're one of the 563 00:30:33,920 --> 00:30:36,040 Speaker 1: least developed nations in the world, one of the poorest 564 00:30:36,080 --> 00:30:37,880 Speaker 1: nations in the world. It's no surprise that they've been 565 00:30:37,880 --> 00:30:41,160 Speaker 1: in a civil war for the last nine years. Some 566 00:30:41,240 --> 00:30:42,960 Speaker 1: of that's probably trying to get out of the system 567 00:30:42,960 --> 00:30:47,200 Speaker 1: that they're in. But I'm guessing France is continuing to 568 00:30:47,280 --> 00:30:50,240 Speaker 1: meddle in their politics to keep them in that situation. 569 00:30:51,680 --> 00:30:54,320 Speaker 1: So it's no surprise that they want to get out 570 00:30:54,320 --> 00:30:56,560 Speaker 1: and they see bitcoin as a way to do that. 571 00:30:58,240 --> 00:31:00,080 Speaker 1: They want to store their wealth in a way it 572 00:31:00,240 --> 00:31:03,440 Speaker 1: can't just be devalued at a whim. I mean, imagine 573 00:31:03,480 --> 00:31:05,680 Speaker 1: if you just woke up. Let's say you had, you know, 574 00:31:06,120 --> 00:31:08,200 Speaker 1: all your life savings. You had, you know, whatever, ten 575 00:31:08,200 --> 00:31:10,000 Speaker 1: thousand or a hundred thousand or a million or whatever 576 00:31:10,000 --> 00:31:12,720 Speaker 1: you have in the bank, hundred thous dollars in the bank, 577 00:31:13,000 --> 00:31:17,480 Speaker 1: and you woke up tomorrow morning and had fifty It's 578 00:31:17,520 --> 00:31:21,440 Speaker 1: just insane. You have no control over your own life. 579 00:31:21,480 --> 00:31:24,720 Speaker 1: That's something that I've been on a passion. I have 580 00:31:24,720 --> 00:31:27,080 Speaker 1: a lot of passion for. I've been on a mission 581 00:31:27,160 --> 00:31:30,040 Speaker 1: to build my own personal sovereignty. I talked about all 582 00:31:30,040 --> 00:31:33,920 Speaker 1: the time. Sovereignty to me means that I have the 583 00:31:34,000 --> 00:31:37,080 Speaker 1: right to direct my life as I see fit in 584 00:31:37,120 --> 00:31:41,160 Speaker 1: a way that leads to my own ends. That means 585 00:31:41,200 --> 00:31:44,160 Speaker 1: that I'm not I'm not coerced, like take the jab 586 00:31:44,280 --> 00:31:46,880 Speaker 1: or lose your job either. One of those choices leads 587 00:31:46,920 --> 00:31:49,720 Speaker 1: me to your ends. I want to make choices that 588 00:31:49,800 --> 00:31:51,880 Speaker 1: lead to my own ends. And it starts with p 589 00:31:52,000 --> 00:31:54,800 Speaker 1: and ale to hold my money. If I can't even 590 00:31:54,840 --> 00:31:59,360 Speaker 1: hold my money, I have no chance. And Bitcoin offers 591 00:31:59,440 --> 00:32:01,080 Speaker 1: that it's all the oldest problem in the history of 592 00:32:01,080 --> 00:32:03,800 Speaker 1: the world, which is how do I secure my property 593 00:32:03,800 --> 00:32:07,160 Speaker 1: in a way that can't be stolen? And so Bitcoin 594 00:32:07,240 --> 00:32:09,120 Speaker 1: solved that. Now we can hold our wealth in a 595 00:32:09,160 --> 00:32:13,320 Speaker 1: way that can't be stolen, no nation can devalue from us. 596 00:32:14,920 --> 00:32:17,640 Speaker 1: And of course it solves bigger problems, like like I 597 00:32:17,720 --> 00:32:22,680 Speaker 1: was saying, like back to this whole Canada, Russia, Ukraine situation. 598 00:32:22,840 --> 00:32:25,680 Speaker 1: You know, the United States and not just the United States, 599 00:32:25,680 --> 00:32:29,840 Speaker 1: but the most of NATO just seized all of Russia's 600 00:32:29,880 --> 00:32:33,080 Speaker 1: bank accounts. And I'm not going to debate whether that 601 00:32:33,160 --> 00:32:34,640 Speaker 1: was a good thing or a bad thing. I would 602 00:32:34,640 --> 00:32:36,880 Speaker 1: mostly say it was a bad thing, not because Putin 603 00:32:36,920 --> 00:32:40,760 Speaker 1: isn't a bad guy. But the United States has been good, well, 604 00:32:40,800 --> 00:32:42,880 Speaker 1: we've been great. The United States has been great because 605 00:32:42,880 --> 00:32:47,040 Speaker 1: we have a rule of law, and uh, that rule 606 00:32:47,080 --> 00:32:50,000 Speaker 1: of law allows us to take a lot of investment here. 607 00:32:50,040 --> 00:32:52,080 Speaker 1: People come invest because they know that their money is 608 00:32:52,120 --> 00:32:54,440 Speaker 1: safe because as a rule of law, I know I 609 00:32:54,440 --> 00:32:56,360 Speaker 1: can build up my life here because as a rule 610 00:32:56,400 --> 00:32:59,960 Speaker 1: of law. But we've completely gone beyond the rule of law. 611 00:33:00,200 --> 00:33:02,480 Speaker 1: I mean they're now they're I think I saw the 612 00:33:02,480 --> 00:33:04,880 Speaker 1: other day there they got permission in Fiji to go 613 00:33:04,960 --> 00:33:08,240 Speaker 1: sez these like mega yachts. Um you know, they're they're 614 00:33:08,240 --> 00:33:10,600 Speaker 1: seizing yachts, are seizing ban accounts of people that have 615 00:33:10,720 --> 00:33:13,800 Speaker 1: had NOD process. And again I'm not trying to make 616 00:33:13,840 --> 00:33:15,800 Speaker 1: a case for them. But the point is is that 617 00:33:15,800 --> 00:33:18,000 Speaker 1: whether that's good or bad, that person is good or bad. 618 00:33:18,120 --> 00:33:20,320 Speaker 1: Now the United States has said that anybody that they 619 00:33:20,320 --> 00:33:23,840 Speaker 1: deemed to be a bad actor will also probably receive 620 00:33:23,920 --> 00:33:25,880 Speaker 1: the same thing. And so that's why all the other 621 00:33:25,960 --> 00:33:28,560 Speaker 1: nations of the world are scrambling trying to find another solution, 622 00:33:29,920 --> 00:33:32,400 Speaker 1: because you may be a good actor today, but you 623 00:33:32,440 --> 00:33:35,160 Speaker 1: might be a bad actor tomorrow. I mean, the the 624 00:33:35,720 --> 00:33:37,600 Speaker 1: line is very thin between what a good and bad 625 00:33:37,600 --> 00:33:39,200 Speaker 1: actor is. And again I'm not trying to make a 626 00:33:39,280 --> 00:33:41,320 Speaker 1: light of putent. I don't believe in war. I'll just 627 00:33:41,360 --> 00:33:43,640 Speaker 1: stated I don't believe in war. I don't want anyone 628 00:33:43,680 --> 00:33:46,880 Speaker 1: to die. I don't like invading other countries and killing people. 629 00:33:46,920 --> 00:33:50,480 Speaker 1: I'm not for any of that, um so I'll just 630 00:33:50,520 --> 00:33:54,960 Speaker 1: state that right now. But I am for being able 631 00:33:54,960 --> 00:33:57,200 Speaker 1: to hold my property in a way that can't be seized, 632 00:33:57,560 --> 00:33:59,440 Speaker 1: especially if I was living in one of these CFA 633 00:33:59,600 --> 00:34:03,040 Speaker 1: nations and France was just devalue my money at will. Now, 634 00:34:03,480 --> 00:34:08,600 Speaker 1: as bad as that sounds, are you mad? Yet? As 635 00:34:08,600 --> 00:34:10,719 Speaker 1: bad as that sounds in the States, your government's stitude 636 00:34:10,719 --> 00:34:13,799 Speaker 1: as well. In the last two years, they'd devalued your 637 00:34:13,800 --> 00:34:19,560 Speaker 1: currency by forty You've lost about your purchasing power in 638 00:34:19,600 --> 00:34:24,120 Speaker 1: the last two years. What do you mean, Mark, They 639 00:34:24,120 --> 00:34:27,560 Speaker 1: didn't take anyone at my bank account. No, they devalued 640 00:34:27,600 --> 00:34:30,400 Speaker 1: your currency. So what they do in France too, Your 641 00:34:30,400 --> 00:34:33,160 Speaker 1: money just buys less than did before. You know how 642 00:34:33,320 --> 00:34:37,920 Speaker 1: use cars were up, homes are up nationwide. You know 643 00:34:37,920 --> 00:34:40,600 Speaker 1: how rents went up on average in the last year alone. 644 00:34:43,400 --> 00:34:47,839 Speaker 1: Rents didn't go up in value. No, your dollars were devalued. 645 00:34:47,880 --> 00:34:50,640 Speaker 1: It takes more dollars to buy the same goods and services. 646 00:34:50,920 --> 00:34:53,240 Speaker 1: I used to fill up my truck for about eighty dollars. 647 00:34:53,520 --> 00:34:57,000 Speaker 1: Now it's almost two hundred dollars to fill up my truck. 648 00:34:57,840 --> 00:35:02,560 Speaker 1: Why because my currency was devalued. The United States government 649 00:35:02,560 --> 00:35:04,880 Speaker 1: just did the exact same thing that the France government 650 00:35:04,920 --> 00:35:06,759 Speaker 1: is doing to the guys in the c f A. 651 00:35:08,480 --> 00:35:12,880 Speaker 1: And so I'm not waiting around for my government to 652 00:35:12,880 --> 00:35:14,360 Speaker 1: make it legal tender so I can use it like 653 00:35:14,400 --> 00:35:17,680 Speaker 1: what has happened here in Africa. I can put my 654 00:35:17,760 --> 00:35:23,319 Speaker 1: money into bitcoin now today and I have and I 655 00:35:23,320 --> 00:35:25,759 Speaker 1: haven't had to have that draw down, that devaluation that 656 00:35:26,640 --> 00:35:28,799 Speaker 1: most people suffered in the last two years. If they're 657 00:35:28,800 --> 00:35:33,520 Speaker 1: holding all their return all their reserves and dollars Michael 658 00:35:33,520 --> 00:35:36,959 Speaker 1: Sailor called his reserves. So Michael Sailor is the CEO 659 00:35:37,000 --> 00:35:40,160 Speaker 1: of Michael Strategy, that about a half a billion dollars 660 00:35:40,160 --> 00:35:43,320 Speaker 1: in the bank and that's the reserves right that they're savings. 661 00:35:43,320 --> 00:35:44,840 Speaker 1: And he said, it's like a it's like a melting 662 00:35:44,880 --> 00:35:47,719 Speaker 1: ice cube. It's just slowly melting away. We have to 663 00:35:47,760 --> 00:35:51,239 Speaker 1: do something, and so he decided that we'd put it 664 00:35:51,320 --> 00:35:55,680 Speaker 1: all into bitcoin. And um, you know, we're seeing it 665 00:35:55,719 --> 00:35:57,919 Speaker 1: done on a personal level, like I've done it myself. 666 00:35:57,960 --> 00:36:00,400 Speaker 1: We've seen it done on a corporate level like Michael 667 00:36:00,400 --> 00:36:05,400 Speaker 1: Sailor did with Michael Strategy, and now we've seen nations 668 00:36:05,440 --> 00:36:07,040 Speaker 1: do it like El Salvador, and now we have other 669 00:36:07,120 --> 00:36:11,080 Speaker 1: nations in Africa doing it as well, and you can too. 670 00:36:11,560 --> 00:36:14,759 Speaker 1: Now if you if you don't have any and you 671 00:36:14,800 --> 00:36:19,120 Speaker 1: could start small five percent to five percent, would you 672 00:36:19,120 --> 00:36:23,239 Speaker 1: feel comfortable with um? But I like this. I don't 673 00:36:23,239 --> 00:36:25,839 Speaker 1: look at as an investment, look at its savings. Only 674 00:36:25,880 --> 00:36:28,120 Speaker 1: put the money in there that you can't afford to lose. 675 00:36:28,480 --> 00:36:31,000 Speaker 1: Something like that. You're listening to the Mark My show. 676 00:36:31,040 --> 00:36:33,879 Speaker 1: We're talking about bitcoin, talking about the decentralized revolution, talking 677 00:36:33,880 --> 00:36:35,480 Speaker 1: about the way the world is changing right before our 678 00:36:35,560 --> 00:36:42,520 Speaker 1: very eyes. It's picking up momentum, it's changing fast, and uh, 679 00:36:42,680 --> 00:36:44,279 Speaker 1: you can front run most of the world because they're 680 00:36:44,280 --> 00:36:47,400 Speaker 1: not paying attention. We are still that early. But that's 681 00:36:47,440 --> 00:36:49,080 Speaker 1: what I got here today. Hopefully you enjoyed it. I 682 00:36:49,200 --> 00:36:51,120 Speaker 1: love to hear from you. Give me a message and 683 00:36:51,160 --> 00:36:52,040 Speaker 1: I'll see you next time.