1 00:00:00,360 --> 00:00:03,000 Speaker 1: Hello, and welcome to another episode of the Mark Mass Show, 2 00:00:03,040 --> 00:00:06,160 Speaker 1: where we're always talking about the decentralized revolution. We're talking 3 00:00:06,160 --> 00:00:08,520 Speaker 1: about the way the world is changing. And of course 4 00:00:08,560 --> 00:00:10,399 Speaker 1: you know this, you see it, you feel it. You're 5 00:00:10,400 --> 00:00:13,000 Speaker 1: not exactly sure why, what's going on, and more importantly 6 00:00:13,039 --> 00:00:14,400 Speaker 1: where we're going, But don't worry, I got you back. 7 00:00:14,440 --> 00:00:17,239 Speaker 1: That's what we talk about each and every week. Of course, 8 00:00:17,280 --> 00:00:19,479 Speaker 1: we're always looking at through the lens of politics, finance, 9 00:00:19,520 --> 00:00:23,520 Speaker 1: and technologists, the convergence of those three things that help 10 00:00:23,560 --> 00:00:25,599 Speaker 1: bring context to what the heck is going on. And 11 00:00:25,640 --> 00:00:27,880 Speaker 1: we have a big show today to talk about, and 12 00:00:27,920 --> 00:00:32,400 Speaker 1: we are talking about World War three, world War three 13 00:00:32,440 --> 00:00:36,000 Speaker 1: heating up, China's bold moves, and how potentially World War 14 00:00:36,000 --> 00:00:38,920 Speaker 1: three is closer than we think. And it's really about 15 00:00:38,960 --> 00:00:42,479 Speaker 1: the G twenty, the group of the twenty largest countries. 16 00:00:42,920 --> 00:00:44,960 Speaker 1: Now we're gonna cover a lot. We're going to talk 17 00:00:45,000 --> 00:00:50,000 Speaker 1: about this G twenty dance, the power plays that are happening, 18 00:00:50,080 --> 00:00:53,040 Speaker 1: the trade balance and the trade power plays that are 19 00:00:53,040 --> 00:00:56,280 Speaker 1: being reshoveled. We're gonna look at some case studies like 20 00:00:56,360 --> 00:00:59,000 Speaker 1: what happened in Sri Lanka and what's happening in China. 21 00:00:59,040 --> 00:01:00,760 Speaker 1: We're gonna look at the tit for ti tat already 22 00:01:00,760 --> 00:01:03,000 Speaker 1: going on in this war, and then we'll look at 23 00:01:03,040 --> 00:01:06,200 Speaker 1: some of the economic dynamics and opportunities that are available. Now. 24 00:01:07,040 --> 00:01:09,880 Speaker 1: I've been very vocal about this for a couple of 25 00:01:09,959 --> 00:01:12,200 Speaker 1: years now at this point, and I do wanted to say, 26 00:01:12,240 --> 00:01:14,280 Speaker 1: if you're just new to the content, youres tuned in 27 00:01:14,480 --> 00:01:17,119 Speaker 1: when I talk about World War three, I believe that 28 00:01:17,240 --> 00:01:20,040 Speaker 1: wars of the future, wars of today are fought over 29 00:01:20,160 --> 00:01:23,480 Speaker 1: information and money, right, and so the days of the 30 00:01:23,480 --> 00:01:26,120 Speaker 1: hot wars are coming to an end. And so we 31 00:01:26,480 --> 00:01:28,240 Speaker 1: know this, we see it, we feel it. Right. You 32 00:01:28,360 --> 00:01:32,440 Speaker 1: notice that we have this propaganda war, this information war, 33 00:01:32,480 --> 00:01:36,160 Speaker 1: being waged against us all the time. You can't even 34 00:01:36,400 --> 00:01:40,000 Speaker 1: turn on the TV anymore without having propaganda shove down 35 00:01:40,040 --> 00:01:44,039 Speaker 1: your throat. You know, cultural axioms are being fed into 36 00:01:44,120 --> 00:01:46,840 Speaker 1: every little narrative and every piece of content you're absorbing 37 00:01:46,880 --> 00:01:50,520 Speaker 1: from mainstream and so you already know this. You know, 38 00:01:50,560 --> 00:01:53,440 Speaker 1: who do we even believe on what's going on in 39 00:01:53,520 --> 00:01:57,480 Speaker 1: Ukraine or in Taiwan, or with the Biden administration or 40 00:01:57,560 --> 00:02:01,160 Speaker 1: with the Trump you know whatever, or seventy indictments that 41 00:02:01,200 --> 00:02:03,240 Speaker 1: he has or whatever, and like who even knows the 42 00:02:03,320 --> 00:02:08,040 Speaker 1: truth because there's this constant psychological war going on. I 43 00:02:08,080 --> 00:02:10,560 Speaker 1: had doctor Robert Malone on the show. It was a 44 00:02:10,560 --> 00:02:13,760 Speaker 1: great episode. We talked about the fifth generation of warfare. 45 00:02:13,840 --> 00:02:15,919 Speaker 1: If you haven't watched that, go back onto the podcast 46 00:02:16,000 --> 00:02:18,600 Speaker 1: and just search Mark Moss doctor Robert Malone, or go 47 00:02:18,639 --> 00:02:20,320 Speaker 1: on to YouTube and you can watch that and listen 48 00:02:20,320 --> 00:02:22,720 Speaker 1: to it as well. But we talked about this fifth 49 00:02:22,760 --> 00:02:26,280 Speaker 1: generation of warfare and how warfare has changed. We talked 50 00:02:26,280 --> 00:02:29,280 Speaker 1: about this World War three. You have to understand these 51 00:02:29,320 --> 00:02:31,359 Speaker 1: five generations of warfare. I'll just walk you through its 52 00:02:31,320 --> 00:02:35,000 Speaker 1: super quick. So first generation of warfare was like mono amano, 53 00:02:35,240 --> 00:02:37,280 Speaker 1: like me and you, let's go. Let's throw down, right, 54 00:02:38,440 --> 00:02:40,920 Speaker 1: caveman or whatever, Like, let's just go for it. The 55 00:02:40,960 --> 00:02:43,480 Speaker 1: second generation of warfare became much more organized. This is 56 00:02:43,480 --> 00:02:46,640 Speaker 1: where we had troops, we had battle plans, and we 57 00:02:46,680 --> 00:02:49,480 Speaker 1: would wage war against each other. Think of the Egyptian armies, 58 00:02:49,520 --> 00:02:52,760 Speaker 1: think about the Roman armies, things like that, potentially even 59 00:02:52,800 --> 00:02:56,680 Speaker 1: the medieval times. Then the third level of warfare really 60 00:02:56,720 --> 00:03:01,119 Speaker 1: came when we became industrialized. So now we have tanks 61 00:03:01,200 --> 00:03:04,720 Speaker 1: and carriers and jets and cannons and machine guns and 62 00:03:04,720 --> 00:03:06,480 Speaker 1: all these types of things. And that was really this 63 00:03:06,760 --> 00:03:09,639 Speaker 1: third generation of warfare. It's just really like World War One, 64 00:03:09,680 --> 00:03:11,839 Speaker 1: world War two, it's when that really started taking off. 65 00:03:12,280 --> 00:03:15,680 Speaker 1: Then we went into World the fourth generation of warfare, 66 00:03:15,680 --> 00:03:18,840 Speaker 1: and this is where everything started to change. Now the 67 00:03:18,880 --> 00:03:21,160 Speaker 1: information war, the propaganda, etc. I mean, that had been 68 00:03:21,200 --> 00:03:23,960 Speaker 1: around for probably ever, probably as long as we know 69 00:03:24,040 --> 00:03:26,880 Speaker 1: humans have been trying to manipulate other people. I would imagine, 70 00:03:26,919 --> 00:03:28,560 Speaker 1: I haven't done the research. I would imagine, you know, 71 00:03:28,560 --> 00:03:30,919 Speaker 1: in the Roman Empire there was probably lots of propaganda. 72 00:03:31,000 --> 00:03:33,120 Speaker 1: They don't know who to believe, things like that, But 73 00:03:33,200 --> 00:03:36,680 Speaker 1: it really we saw really escalating into World War One, 74 00:03:37,800 --> 00:03:39,920 Speaker 1: and then of course continue to escalate from there where 75 00:03:40,040 --> 00:03:43,680 Speaker 1: literally at points planes were flying and just dropping out 76 00:03:43,800 --> 00:03:46,960 Speaker 1: flyers trying to get the information, this propaganda to people. 77 00:03:47,440 --> 00:03:51,040 Speaker 1: But what really changed, this radical shift was in the 78 00:03:51,080 --> 00:03:55,000 Speaker 1: fourth generation of warfare, which is really shifted from these 79 00:03:55,200 --> 00:03:59,200 Speaker 1: large industrial armies into more guerrilla warfare. And we saw 80 00:03:59,240 --> 00:04:01,240 Speaker 1: this really in Vietnam and that was probably the turning 81 00:04:01,280 --> 00:04:04,760 Speaker 1: point of this. And so now you had this big 82 00:04:04,960 --> 00:04:09,160 Speaker 1: third generational warfare, industrial army like the United States in 83 00:04:09,200 --> 00:04:15,160 Speaker 1: a country like Vietnam and finding that they are in 84 00:04:15,200 --> 00:04:18,400 Speaker 1: the third generation when Vietnam's in the fourth generation, meaning 85 00:04:18,440 --> 00:04:21,480 Speaker 1: that they kind of started this guerrilla warfare where you'd 86 00:04:21,480 --> 00:04:26,480 Speaker 1: have this instead of these giant armies arriving head to 87 00:04:26,520 --> 00:04:28,680 Speaker 1: head on the battlefield to duke it out, you have 88 00:04:28,760 --> 00:04:31,839 Speaker 1: this one army showing up and where's the other competing 89 00:04:31,960 --> 00:04:34,600 Speaker 1: army while they're in small little groups that are constantly 90 00:04:34,600 --> 00:04:37,200 Speaker 1: attacking from all different angles. And it's very difficult to 91 00:04:37,200 --> 00:04:38,760 Speaker 1: win that war, and as a matter of fact, the 92 00:04:38,880 --> 00:04:41,760 Speaker 1: US didn't. We finally left kind of teltuck between our legs. 93 00:04:43,120 --> 00:04:45,400 Speaker 1: One interesting parallel in that I don't want to dive 94 00:04:45,400 --> 00:04:47,920 Speaker 1: down this rabbit hole too much. But there's a book 95 00:04:47,960 --> 00:04:51,280 Speaker 1: written by Simon Sinnek called The Infinite Game, and it's 96 00:04:51,279 --> 00:04:54,720 Speaker 1: the difference of playing an infinite game versus a finite game, 97 00:04:54,880 --> 00:04:56,440 Speaker 1: and so it's an awesome reading. You to definitely read 98 00:04:56,480 --> 00:04:59,920 Speaker 1: the book, but it highlights this war in Vietnam where 99 00:05:00,279 --> 00:05:04,120 Speaker 1: the Vietnamese specifically were playing an infinite game. It was 100 00:05:04,200 --> 00:05:07,520 Speaker 1: their land and they were not going anywhere, and they 101 00:05:07,560 --> 00:05:10,200 Speaker 1: would die before they left. They were playing an infinite game. 102 00:05:10,520 --> 00:05:13,279 Speaker 1: Their goal was not to lose the game. Where the 103 00:05:13,360 --> 00:05:16,160 Speaker 1: US went there to win it thinking it was the 104 00:05:16,200 --> 00:05:19,040 Speaker 1: finite game, and there was a mismatch. You can see 105 00:05:19,080 --> 00:05:21,120 Speaker 1: the same thing happened in Afghanistan. As a matter of fact, 106 00:05:22,080 --> 00:05:24,839 Speaker 1: when the US attacked Iraq and the whole Middle East 107 00:05:24,880 --> 00:05:28,560 Speaker 1: thing started, the Tally band said we will wait too 108 00:05:28,760 --> 00:05:32,760 Speaker 1: out and they did. Twenty years later we left heltucheen legs. 109 00:05:32,760 --> 00:05:35,120 Speaker 1: And so this fourth generation of warfare was really the 110 00:05:35,160 --> 00:05:39,880 Speaker 1: guerrilla warfare, which then led into this terrorism war where 111 00:05:39,920 --> 00:05:43,320 Speaker 1: we have all these independent sales. They're not meeting us 112 00:05:43,360 --> 00:05:45,680 Speaker 1: on the battlefield. We don't even know who they are, 113 00:05:45,720 --> 00:05:47,880 Speaker 1: and there's no head to go cut off. There's no general, 114 00:05:47,880 --> 00:05:52,120 Speaker 1: there's no president. That all these cells are fighting independently 115 00:05:52,279 --> 00:05:56,400 Speaker 1: but on a shared ideology. Now it's important to understand 116 00:05:56,480 --> 00:05:59,240 Speaker 1: that the United States, the largest military in the world, 117 00:05:59,600 --> 00:06:02,760 Speaker 1: has ever won a war since we've gone into the 118 00:06:02,800 --> 00:06:05,400 Speaker 1: fourth generation of warfare, and now we're in this fifth 119 00:06:05,400 --> 00:06:07,839 Speaker 1: generation of warfare. As we talked about Doctor Malone, if 120 00:06:07,880 --> 00:06:09,240 Speaker 1: you want to go back and read that again, I 121 00:06:09,320 --> 00:06:13,839 Speaker 1: highly listen to it. I recommend it. But that is 122 00:06:13,880 --> 00:06:19,240 Speaker 1: a psychological warfare where you feel it, you see it, 123 00:06:19,320 --> 00:06:20,920 Speaker 1: you feel it, you know it's there, but you don't 124 00:06:20,920 --> 00:06:22,440 Speaker 1: know who it's coming from. You don't know where it's 125 00:06:22,480 --> 00:06:25,520 Speaker 1: coming from. You don't know who it's coming from, right, 126 00:06:25,600 --> 00:06:28,360 Speaker 1: And that's this psychological, this information war. So that's sort 127 00:06:28,360 --> 00:06:30,680 Speaker 1: of like this World War three scenario that we're in, 128 00:06:31,000 --> 00:06:33,640 Speaker 1: and we can really see it started picking up steam 129 00:06:33,839 --> 00:06:36,080 Speaker 1: during the Trump administration when they started kind of going 130 00:06:36,120 --> 00:06:39,360 Speaker 1: tit for tat and putting economic sanctions. So it become 131 00:06:39,400 --> 00:06:42,880 Speaker 1: an economic war with China, all right, So we started 132 00:06:42,920 --> 00:06:45,200 Speaker 1: going tit for tat on there, and so that's kind 133 00:06:45,200 --> 00:06:47,440 Speaker 1: of where we'll pick up this story. But what we 134 00:06:47,480 --> 00:06:50,200 Speaker 1: can see is that the G twenty, which is the 135 00:06:50,320 --> 00:06:53,200 Speaker 1: largest twenty countries in the world, just had this big 136 00:06:53,279 --> 00:06:56,000 Speaker 1: meaning in the last week. They were over in New Delhi, 137 00:06:56,160 --> 00:06:59,000 Speaker 1: over in India, and you based get all the leaders 138 00:06:59,000 --> 00:07:02,280 Speaker 1: of these twenty countries, mostly Western leaders that were showing 139 00:07:02,360 --> 00:07:05,359 Speaker 1: up in this meeting, and they were advocating for new 140 00:07:05,440 --> 00:07:10,600 Speaker 1: trade routes that would bypass China. Now this is in 141 00:07:10,760 --> 00:07:14,320 Speaker 1: direct competition, directly challenging what China has been working on 142 00:07:14,400 --> 00:07:17,040 Speaker 1: for decades called the Belton Road Initiative. So China has 143 00:07:17,040 --> 00:07:19,240 Speaker 1: been working with all these countries trying to connect them 144 00:07:19,760 --> 00:07:21,880 Speaker 1: to build like this new silk road. Right, the old 145 00:07:21,880 --> 00:07:23,560 Speaker 1: silk Road was the old trade routes, and they want 146 00:07:23,560 --> 00:07:26,320 Speaker 1: to build new trade routes. And now the G twenty, 147 00:07:26,360 --> 00:07:28,480 Speaker 1: specifically the United States is going there and saying, hey, hey, 148 00:07:28,880 --> 00:07:32,680 Speaker 1: hang on, hang on, forget China, come with us. We'll 149 00:07:32,680 --> 00:07:35,040 Speaker 1: give you new trade routes. And so now we can 150 00:07:35,080 --> 00:07:40,440 Speaker 1: see this, this war, this economic war, is accelerating at 151 00:07:40,480 --> 00:07:44,160 Speaker 1: a rapid rate. Instead of being co instead of being cooperative, 152 00:07:45,240 --> 00:07:49,320 Speaker 1: instead of working together. Now now it's a competition. Now 153 00:07:49,480 --> 00:07:51,560 Speaker 1: the US wants to do this, as I said, to 154 00:07:51,640 --> 00:07:55,120 Speaker 1: bypass China. We can see global leaders voice their support 155 00:07:55,160 --> 00:07:59,280 Speaker 1: for a new ship, new rail, and digital corridors that 156 00:07:59,280 --> 00:08:02,600 Speaker 1: would connect India to the Middle East and Europe, like 157 00:08:02,640 --> 00:08:06,720 Speaker 1: I said, specifically to counter this. Now, under this plan 158 00:08:06,800 --> 00:08:09,640 Speaker 1: that Biden put forth at the G twenty, it includes 159 00:08:09,680 --> 00:08:12,680 Speaker 1: the European Union, it includes France, it includes Italy, it 160 00:08:12,680 --> 00:08:16,240 Speaker 1: includes Germany obviously the west right, and really they want 161 00:08:16,240 --> 00:08:18,480 Speaker 1: to break it into two separate routes, an eastern corridor 162 00:08:18,520 --> 00:08:21,000 Speaker 1: that would link India to the Gulf of Arab States, 163 00:08:21,360 --> 00:08:24,120 Speaker 1: in a northern corridor that would connect the Gulf States 164 00:08:24,320 --> 00:08:27,400 Speaker 1: over to Europe, and then that would allow that all 165 00:08:27,440 --> 00:08:31,080 Speaker 1: the goods and services would transit through the UAE, through 166 00:08:31,080 --> 00:08:34,800 Speaker 1: Saudi Arabia, through Jordan, Israel and Europe. I would also 167 00:08:34,880 --> 00:08:37,680 Speaker 1: enable electricity, digital connectivity, as well as pipes for clean 168 00:08:37,760 --> 00:08:42,640 Speaker 1: hydrogen export. Now it's interesting because I thought for the 169 00:08:42,679 --> 00:08:45,840 Speaker 1: Bricks Nations summit that we had recently, I think I 170 00:08:45,920 --> 00:08:49,680 Speaker 1: talked about it looked like Saudi Arabia and some of 171 00:08:49,679 --> 00:08:53,480 Speaker 1: these countries wanted to go with Brazil, Russia, India, China 172 00:08:53,520 --> 00:08:56,920 Speaker 1: and South Africa and the bricks. But now India held 173 00:08:56,960 --> 00:08:59,800 Speaker 1: this and Saudi Arabia is talking about joining this other one. 174 00:09:00,040 --> 00:09:02,280 Speaker 1: Which one is it going to be? Well, that's the war. 175 00:09:02,920 --> 00:09:04,960 Speaker 1: That's what we're gonna dig into. If you're just tuning in, 176 00:09:04,960 --> 00:09:06,840 Speaker 1: you're listening to the Mark Mass Show, we're talking about 177 00:09:06,880 --> 00:09:09,880 Speaker 1: World War three, the China's bold moves, how we're going 178 00:09:09,960 --> 00:09:11,559 Speaker 1: tit for tat. I got a whole lot to cover. 179 00:09:11,600 --> 00:09:13,680 Speaker 1: I'm gonna try and go fast, but you don't want 180 00:09:13,679 --> 00:09:16,040 Speaker 1: to miss out, So I gotta take a very quick break. 181 00:09:16,040 --> 00:09:18,240 Speaker 1: But I'm gonna be right back. Don't go away, all right, 182 00:09:18,280 --> 00:09:19,800 Speaker 1: Welcome back. If you're just tune and you're listening to 183 00:09:19,840 --> 00:09:22,680 Speaker 1: the Mark Maas show, we're talking about this World War 184 00:09:22,720 --> 00:09:25,120 Speaker 1: three that we're going into. I explained that, to me, 185 00:09:25,280 --> 00:09:28,360 Speaker 1: world War three is more of information and money, not 186 00:09:28,440 --> 00:09:30,760 Speaker 1: so much a hot shooting war. Hopefully that's going to 187 00:09:30,760 --> 00:09:32,400 Speaker 1: be the case. I kind of ran you through that 188 00:09:32,960 --> 00:09:34,360 Speaker 1: just in the previous section. I'm not going to go 189 00:09:34,360 --> 00:09:36,920 Speaker 1: through that again. But we're talking about how this g twenty, 190 00:09:37,000 --> 00:09:39,040 Speaker 1: the largest twenty countries in the world, just got together 191 00:09:40,040 --> 00:09:44,320 Speaker 1: and they're talking about building a new system to counter 192 00:09:44,480 --> 00:09:47,160 Speaker 1: what China has been doing with their Belt Road initiative. 193 00:09:47,440 --> 00:09:50,440 Speaker 1: And what's interesting is I was saying, is that a 194 00:09:50,440 --> 00:09:52,280 Speaker 1: lot of these countries that want to participate in this, 195 00:09:52,640 --> 00:09:56,440 Speaker 1: we're supposedly participating with China in theirs. Maybe they're playing 196 00:09:56,440 --> 00:09:58,360 Speaker 1: both sides of the of the coin. We don't know 197 00:09:58,360 --> 00:10:00,480 Speaker 1: at this point. But we do know is that the 198 00:10:00,559 --> 00:10:05,520 Speaker 1: Chinese president's president g Jijiping, he didn't go. Now, of course, 199 00:10:05,600 --> 00:10:08,040 Speaker 1: China is in one of the twenty largest countries, but 200 00:10:08,120 --> 00:10:10,480 Speaker 1: he decided to go, which I thought was pretty interesting. 201 00:10:10,760 --> 00:10:14,920 Speaker 1: It was sort of like a snub. He was just like, ah, 202 00:10:15,040 --> 00:10:17,800 Speaker 1: forget you guys, I'm done with you guys. And they 203 00:10:17,880 --> 00:10:20,400 Speaker 1: just had the Bricks conference, And what was interesting is 204 00:10:20,440 --> 00:10:22,720 Speaker 1: some of his comments there. He said that he wanted 205 00:10:22,760 --> 00:10:28,120 Speaker 1: the Bricks Alliance to rival, to challenge the G seven, 206 00:10:28,360 --> 00:10:30,840 Speaker 1: the top seven countries, which are mostly all the Western countries. 207 00:10:31,240 --> 00:10:36,720 Speaker 1: And so the language again, right, it's not cooperative, it's 208 00:10:36,760 --> 00:10:39,600 Speaker 1: not collaborative, it's coercive. He said. He didn't say, hey, 209 00:10:39,640 --> 00:10:42,760 Speaker 1: we should work to be good trading partners. He didn't 210 00:10:42,760 --> 00:10:44,720 Speaker 1: say that we should work to each specialize in what 211 00:10:44,720 --> 00:10:46,640 Speaker 1: we're good at. He didn't say that we should open 212 00:10:46,720 --> 00:10:48,880 Speaker 1: up tradelines so we can sell more of our goods 213 00:10:48,880 --> 00:10:50,719 Speaker 1: to them. No, no, no, no, he said, no, no, 214 00:10:50,920 --> 00:10:53,719 Speaker 1: we should rival, we should challenge them. So I think 215 00:10:53,720 --> 00:10:55,400 Speaker 1: that's a big thing. And I think him not showing 216 00:10:55,480 --> 00:10:57,760 Speaker 1: up to the G twenty is another piece of that. 217 00:10:57,840 --> 00:11:00,720 Speaker 1: He's basically saying, look, we don't need you, we're done 218 00:11:00,760 --> 00:11:03,560 Speaker 1: with you. We're on our own. And so, of course, 219 00:11:03,600 --> 00:11:06,520 Speaker 1: as I said, President Biden went and pitched the world 220 00:11:07,040 --> 00:11:10,480 Speaker 1: to basically say, look, we can be better than China, 221 00:11:10,679 --> 00:11:12,800 Speaker 1: we can work with you better, we can help you 222 00:11:12,880 --> 00:11:15,760 Speaker 1: build these things, we can help fund all these things. 223 00:11:16,320 --> 00:11:19,440 Speaker 1: And I think part of it is, well, the big 224 00:11:19,480 --> 00:11:23,760 Speaker 1: thing is the competition the US does not want China 225 00:11:23,800 --> 00:11:26,679 Speaker 1: to take this lead, and they should have probably thought 226 00:11:26,679 --> 00:11:29,280 Speaker 1: about this ten years ago. Maybe better late than never. 227 00:11:29,320 --> 00:11:33,160 Speaker 1: We'll see. However, there's a big piece that Washington is 228 00:11:33,200 --> 00:11:35,240 Speaker 1: missing that I want to talk about. But before we 229 00:11:35,280 --> 00:11:37,080 Speaker 1: get into that, I mean, basically, what we're seeing is 230 00:11:37,120 --> 00:11:41,199 Speaker 1: that these messages that they're going over with are messages 231 00:11:41,280 --> 00:11:44,280 Speaker 1: of hey, we'll give you lots of money. That's basically 232 00:11:44,320 --> 00:11:46,000 Speaker 1: what it is, trying to buy votes, if you will. 233 00:11:46,240 --> 00:11:49,120 Speaker 1: The White House is seeking three point three billion dollars 234 00:11:49,120 --> 00:11:52,640 Speaker 1: from Congress to complement earlier steps by the US and 235 00:11:52,679 --> 00:11:56,040 Speaker 1: its allies to raise six hundred billion by twenty twenty 236 00:11:56,080 --> 00:11:59,960 Speaker 1: seven in order to build this partnership for the global 237 00:12:00,120 --> 00:12:02,600 Speaker 1: Infrastructure and Investment, which is again, like I said, this 238 00:12:02,920 --> 00:12:05,920 Speaker 1: alternative to the Belton Road of initiative. Now, the IMF 239 00:12:05,960 --> 00:12:08,800 Speaker 1: forecast at the Middle East, Central Asia and developing countries 240 00:12:08,840 --> 00:12:12,760 Speaker 1: in Asia and Africa could build up GDP by as 241 00:12:12,840 --> 00:12:16,920 Speaker 1: much as five percent growth, which is a lot faster 242 00:12:17,080 --> 00:12:19,520 Speaker 1: than what they've been doing. And it's what the West 243 00:12:19,559 --> 00:12:22,240 Speaker 1: really needs, is what the US needs, it's what Western 244 00:12:22,280 --> 00:12:26,839 Speaker 1: Europe needs. We need to get that growth up. I 245 00:12:26,880 --> 00:12:28,480 Speaker 1: was gonna say, if there's any hope of growing out 246 00:12:28,520 --> 00:12:31,000 Speaker 1: of our debt levels, that's just probably still not going 247 00:12:31,040 --> 00:12:33,640 Speaker 1: to happen. But really, you know, we're at this stage, 248 00:12:33,679 --> 00:12:37,760 Speaker 1: as I'm calling it, the decentralization stage, the d globalization stage, 249 00:12:37,800 --> 00:12:40,800 Speaker 1: and we're seeing this fracture. And again we look at 250 00:12:40,840 --> 00:12:43,679 Speaker 1: it through lens of politics, finance, and technology, and if 251 00:12:43,679 --> 00:12:45,440 Speaker 1: you look at the finance, it's easy to see that 252 00:12:45,480 --> 00:12:49,920 Speaker 1: the monetary system is being completely fractured. The UN Secretary 253 00:12:50,000 --> 00:12:53,920 Speaker 1: General Antonio Gutera said on Thursday at the summit that 254 00:12:54,320 --> 00:12:59,160 Speaker 1: there is real risk of fragmentation. So we have another 255 00:12:59,160 --> 00:13:02,360 Speaker 1: thing that happened at the RICKS conferences. They urged each 256 00:13:02,360 --> 00:13:05,320 Speaker 1: of these member nations to start doing trade in their 257 00:13:05,360 --> 00:13:09,480 Speaker 1: own currencies. This is the fragmentation that he's talking about. 258 00:13:10,320 --> 00:13:14,120 Speaker 1: And so they're trying to hold the ship together, if 259 00:13:14,120 --> 00:13:16,920 Speaker 1: you will, trying to hold it together with some duct tape. Probably, 260 00:13:17,880 --> 00:13:19,720 Speaker 1: like I said, probably they should have done this about 261 00:13:19,720 --> 00:13:22,559 Speaker 1: ten years ago, but maybe better late than ever. But 262 00:13:22,600 --> 00:13:25,440 Speaker 1: they're hoping if they could persuade some of these fast 263 00:13:25,440 --> 00:13:29,960 Speaker 1: growing economies in Africa, in Latin America, in Asia, if 264 00:13:29,960 --> 00:13:32,120 Speaker 1: they can persuade them to join, if they could show 265 00:13:32,160 --> 00:13:34,960 Speaker 1: them that hey there's another path. We have more money. 266 00:13:35,280 --> 00:13:37,760 Speaker 1: We can help you out with this new Belton Road initiative. 267 00:13:38,240 --> 00:13:42,000 Speaker 1: Maybe that will bring them over. We'll see. The problem 268 00:13:42,040 --> 00:13:45,480 Speaker 1: that I see though, is that, unfortunately the US has 269 00:13:45,640 --> 00:13:51,320 Speaker 1: led with a very coercive frame of mind versus a cooperative, 270 00:13:51,920 --> 00:13:55,800 Speaker 1: a collaborative frame of mind. Now this has changed. I 271 00:13:55,920 --> 00:13:59,120 Speaker 1: believe that America led the world that went to American 272 00:13:59,160 --> 00:14:03,480 Speaker 1: exceptionalism because we led by example. So you know, in 273 00:14:03,520 --> 00:14:06,000 Speaker 1: World War One, in World War Two, the United States 274 00:14:06,000 --> 00:14:09,600 Speaker 1: blew up. We became, you know, this economic powerhouse because 275 00:14:09,640 --> 00:14:12,960 Speaker 1: we had creativity, we had inventions, we had industry, we 276 00:14:13,000 --> 00:14:16,720 Speaker 1: had manufacturing. We led the world in supplies. We showed 277 00:14:16,720 --> 00:14:18,480 Speaker 1: the world that we could bring people out of poverty. 278 00:14:18,640 --> 00:14:20,880 Speaker 1: We had the most diversity, We had people coming from 279 00:14:20,920 --> 00:14:22,680 Speaker 1: all over the world to work here, and we were 280 00:14:22,720 --> 00:14:26,880 Speaker 1: the shining example on the hill, and other nations wanted 281 00:14:26,920 --> 00:14:28,920 Speaker 1: to be like that, which is why so many people 282 00:14:28,960 --> 00:14:32,240 Speaker 1: came here. But unfortunately today now the United States is 283 00:14:32,240 --> 00:14:34,000 Speaker 1: in this position where all they want to do is 284 00:14:34,120 --> 00:14:37,440 Speaker 1: coerce other nations to bend to their will. Hey do 285 00:14:37,520 --> 00:14:39,680 Speaker 1: it like I say, or you get nothing from me. 286 00:14:40,120 --> 00:14:41,920 Speaker 1: And they've sort of turned into something like that. And 287 00:14:41,960 --> 00:14:46,000 Speaker 1: the problem is that, you know, the saying of you 288 00:14:46,040 --> 00:14:48,040 Speaker 1: can't hold you can't you can't hold a man down 289 00:14:48,040 --> 00:14:50,840 Speaker 1: without staying down with him, or you can't wrestle with 290 00:14:50,880 --> 00:14:53,280 Speaker 1: a pig in the dirt without getting dirty. And so 291 00:14:54,360 --> 00:14:56,320 Speaker 1: in this environment, when you get into this sort of 292 00:14:56,360 --> 00:14:59,520 Speaker 1: like protected protectionist type stage the United States is in, 293 00:15:00,000 --> 00:15:02,600 Speaker 1: try to coerce everybody to do your bidding. When there's 294 00:15:02,600 --> 00:15:04,960 Speaker 1: somebody else saying, hey, we'll give you the same things 295 00:15:05,000 --> 00:15:08,120 Speaker 1: with no strings attached, which one do you think they're 296 00:15:08,160 --> 00:15:11,720 Speaker 1: going to go for? When you're telling nations like Muslim 297 00:15:11,800 --> 00:15:14,920 Speaker 1: nations like Saudi Arabia for example, that you have to 298 00:15:15,280 --> 00:15:18,640 Speaker 1: have lgdbqu you have to allow men to turn into women, 299 00:15:18,880 --> 00:15:22,280 Speaker 1: you have to allow kids to transition their sex like, 300 00:15:22,520 --> 00:15:25,160 Speaker 1: they're not going for that. They're just not going to 301 00:15:25,200 --> 00:15:27,920 Speaker 1: do it. And so you can offer them, you could 302 00:15:27,960 --> 00:15:30,160 Speaker 1: bribe them with money, you can coerce them, you could 303 00:15:30,160 --> 00:15:32,280 Speaker 1: tell them to bomb their countries. But when you got 304 00:15:32,360 --> 00:15:34,640 Speaker 1: China or any other nation for that matter, saying hey, 305 00:15:34,720 --> 00:15:36,360 Speaker 1: well we'll give you the same things and we're not 306 00:15:36,400 --> 00:15:38,040 Speaker 1: going to make you do those things you don't want 307 00:15:38,040 --> 00:15:40,720 Speaker 1: to do, and we'll even protect you from the big bully. 308 00:15:41,160 --> 00:15:43,640 Speaker 1: What do you think they're going to choose? People are 309 00:15:43,640 --> 00:15:46,160 Speaker 1: always going to choose in their own self interest. They 310 00:15:46,200 --> 00:15:49,040 Speaker 1: don't want to be coerced. It just doesn't work. Now 311 00:15:49,160 --> 00:15:50,720 Speaker 1: some of the things that we're seeing though in this 312 00:15:51,000 --> 00:15:52,840 Speaker 1: out of this meeting that came out again it was 313 00:15:52,880 --> 00:15:55,720 Speaker 1: in India, which is interesting because again India is one 314 00:15:55,760 --> 00:15:58,040 Speaker 1: of the big players in the bricks nations, It's the 315 00:15:58,080 --> 00:16:04,600 Speaker 1: eye in the bricks. However, India is also competing against China. 316 00:16:04,760 --> 00:16:08,200 Speaker 1: Right we saw this week China announced that the leaders 317 00:16:08,240 --> 00:16:12,760 Speaker 1: can no longer use iPhones security concerns whatever. Apple stock 318 00:16:12,840 --> 00:16:15,200 Speaker 1: tumble because of that. So we know that Apple is 319 00:16:15,240 --> 00:16:17,840 Speaker 1: trying to move production of the iPhones as fast as 320 00:16:17,840 --> 00:16:22,360 Speaker 1: possible over into India. So India is competing for China 321 00:16:22,480 --> 00:16:26,880 Speaker 1: for the jobs. India also competes against China for commodities 322 00:16:26,880 --> 00:16:29,920 Speaker 1: such as oil and things like that, food, things like that, 323 00:16:30,040 --> 00:16:32,240 Speaker 1: and so which one do they want to go? If 324 00:16:32,240 --> 00:16:35,200 Speaker 1: India doesn't really compete against the United States, the United 325 00:16:35,200 --> 00:16:38,560 Speaker 1: States is back to this collaborative situation where hey, Apple 326 00:16:39,000 --> 00:16:41,640 Speaker 1: can hire India to build the iPhones things like that. 327 00:16:42,160 --> 00:16:44,680 Speaker 1: And now when we look at India, it's important to 328 00:16:44,720 --> 00:16:46,760 Speaker 1: kind of understand some of the policies that they have 329 00:16:46,880 --> 00:16:49,400 Speaker 1: in place. So, for example, one of the things that 330 00:16:49,400 --> 00:16:51,800 Speaker 1: the G twenty talked about when they were there was 331 00:16:51,960 --> 00:16:56,480 Speaker 1: clarifying rules around cryptocurrencies. The G twenty all want to 332 00:16:56,520 --> 00:16:58,000 Speaker 1: be on the same page when it comes to this, 333 00:16:58,480 --> 00:17:01,880 Speaker 1: which isn't all good in my opinion. As a matter 334 00:17:01,920 --> 00:17:05,359 Speaker 1: of fact, I would like to see less collaboration in 335 00:17:05,440 --> 00:17:07,359 Speaker 1: some of these policies so we could sort of see 336 00:17:07,359 --> 00:17:09,960 Speaker 1: how this all plays out. For example, we know the 337 00:17:10,000 --> 00:17:12,480 Speaker 1: G twenty met about a year ago and they all 338 00:17:12,520 --> 00:17:15,760 Speaker 1: agreed to put in a health passport system. Okay, well, 339 00:17:15,760 --> 00:17:17,399 Speaker 1: I'm not a fan of that. We saw at this 340 00:17:17,480 --> 00:17:19,560 Speaker 1: meeting that the G twenty met together and they all 341 00:17:19,600 --> 00:17:22,040 Speaker 1: decided that they should that they will all build the 342 00:17:22,160 --> 00:17:26,400 Speaker 1: infrastructure for a digital ID program and for central bank 343 00:17:26,480 --> 00:17:29,439 Speaker 1: digital currencies. I don't like either of those either. I 344 00:17:29,440 --> 00:17:31,720 Speaker 1: would like that if one of these countries decided to 345 00:17:31,720 --> 00:17:35,520 Speaker 1: put these types of dystopian authoritarian technologies in place, I 346 00:17:35,520 --> 00:17:37,280 Speaker 1: would have the ability to move to another country that 347 00:17:37,359 --> 00:17:39,520 Speaker 1: didn't have them. So I'm not super happy to see 348 00:17:39,520 --> 00:17:42,479 Speaker 1: these G twenty coming together to do this, but it 349 00:17:42,520 --> 00:17:44,320 Speaker 1: is interesting we do have to pay attention to what's 350 00:17:44,359 --> 00:17:47,800 Speaker 1: going on here. And so they talked about regulating cryptocurrencies. 351 00:17:47,840 --> 00:17:50,159 Speaker 1: They talked about a whole lot of other things. But 352 00:17:50,200 --> 00:17:51,880 Speaker 1: I gotta take a break. You listening to the Mark 353 00:17:51,920 --> 00:17:53,480 Speaker 1: mos Show. I'm gonna take a very quick break for 354 00:17:53,520 --> 00:17:55,200 Speaker 1: a second, and then I'm gonna come back. We'll talk 355 00:17:55,200 --> 00:17:58,000 Speaker 1: more about it. Don't go away, I'll bear back. All right, 356 00:17:58,000 --> 00:17:59,600 Speaker 1: Welcome back if you tune and you're just listening to 357 00:17:59,640 --> 00:18:02,520 Speaker 1: the Mark Kumas Show, and we're talking about this World 358 00:18:02,600 --> 00:18:06,040 Speaker 1: War three, this globalization or I should say de globalization 359 00:18:06,080 --> 00:18:08,200 Speaker 1: that's forming up. I'm not talking about a hot war. 360 00:18:08,240 --> 00:18:11,119 Speaker 1: I'm talking about a de globalization warre. I'm talking about 361 00:18:11,240 --> 00:18:14,119 Speaker 1: the information and the monetary, the trade wars that are 362 00:18:14,119 --> 00:18:17,360 Speaker 1: happening right now that we're seeing. And we're talking about 363 00:18:17,840 --> 00:18:20,119 Speaker 1: how the US and the G twenty just met and 364 00:18:20,600 --> 00:18:22,800 Speaker 1: Biden put forth this plan to try to get these 365 00:18:22,840 --> 00:18:25,600 Speaker 1: countries to kind of join up with them and turn 366 00:18:25,640 --> 00:18:27,840 Speaker 1: their backs on China and this Belton Roate initiative that 367 00:18:27,840 --> 00:18:30,280 Speaker 1: they've been working on. Now. Some of the things that 368 00:18:30,320 --> 00:18:33,119 Speaker 1: I saw that were interesting, Like I said, India specifically 369 00:18:33,160 --> 00:18:35,399 Speaker 1: hosting it was interesting when they're supposed to be a 370 00:18:35,400 --> 00:18:37,040 Speaker 1: big part of the bricks, even though we know they're 371 00:18:37,040 --> 00:18:40,280 Speaker 1: competing against China. But they talked about putting in a 372 00:18:40,280 --> 00:18:42,760 Speaker 1: couple things. One, as I said before the break, one 373 00:18:42,840 --> 00:18:45,920 Speaker 1: build an infrastructure for digital ideas and for central bank 374 00:18:46,000 --> 00:18:48,400 Speaker 1: digital currencies. But one of the things that I saw 375 00:18:48,400 --> 00:18:51,960 Speaker 1: that was pretty interesting is they said that they didn't 376 00:18:52,040 --> 00:18:57,120 Speaker 1: want to regulate cryptocurrencies out of place. What they did 377 00:18:57,160 --> 00:18:59,359 Speaker 1: want to do is they did want to provide broad 378 00:18:59,400 --> 00:19:03,560 Speaker 1: recommendations that countries could implement. They didn't want them to 379 00:19:03,560 --> 00:19:06,520 Speaker 1: outright ban them. But here's what I thought was really interesting. 380 00:19:06,560 --> 00:19:11,679 Speaker 1: They said that they should institute sound monetary policies to 381 00:19:11,840 --> 00:19:15,880 Speaker 1: ensure that citizens don't begin to prefer crypto over fea 382 00:19:15,960 --> 00:19:20,280 Speaker 1: currencies in the long run. Let's break that down for 383 00:19:20,320 --> 00:19:25,040 Speaker 1: a second. So humans act in our own self interest. 384 00:19:25,680 --> 00:19:29,200 Speaker 1: Humans are very simple. We really work on two main things, right. 385 00:19:29,240 --> 00:19:32,879 Speaker 1: We move towards pleasure and we move away from pain. 386 00:19:33,200 --> 00:19:36,520 Speaker 1: That's it. So we move in our interest. I want 387 00:19:36,520 --> 00:19:38,480 Speaker 1: to move away from pain, so when the pain gets 388 00:19:38,600 --> 00:19:40,520 Speaker 1: high enough, I'm forced to act. Now, some of us 389 00:19:40,600 --> 00:19:42,560 Speaker 1: have different tolerance of pain. You probably have a friend 390 00:19:42,840 --> 00:19:45,000 Speaker 1: or somebody that you know, maybe got caught up in 391 00:19:45,080 --> 00:19:48,199 Speaker 1: drugs or drinking, and you know they need rehab, but 392 00:19:48,320 --> 00:19:51,240 Speaker 1: they don't know it. The pain hasn't been bad enough. 393 00:19:51,240 --> 00:19:53,480 Speaker 1: They haven't hit rock bottom, and once they do, maybe 394 00:19:53,480 --> 00:19:55,600 Speaker 1: they'll go get help, hopefully, And so we have to 395 00:19:55,600 --> 00:19:57,560 Speaker 1: move in. The pain is high enough. Now, moving away 396 00:19:57,560 --> 00:20:01,720 Speaker 1: from a currency is painful. If you're on the dollar 397 00:20:01,920 --> 00:20:04,119 Speaker 1: like I am, I mean the dollar is still pretty good. 398 00:20:04,160 --> 00:20:05,600 Speaker 1: I still want to use the dollars. Now, if you're 399 00:20:05,600 --> 00:20:08,960 Speaker 1: in Lebanon, or you're in Turkey, or you're in Argentina 400 00:20:09,480 --> 00:20:11,720 Speaker 1: or Venezuela, the currency is so bad, the pain is 401 00:20:11,720 --> 00:20:13,879 Speaker 1: Ohio'll switch, You'll go to anything else. You go to 402 00:20:13,960 --> 00:20:16,760 Speaker 1: the dollar, you go to bitcoin, whatever. So what they're 403 00:20:16,760 --> 00:20:20,560 Speaker 1: saying here is that they should institute sound monetary policies 404 00:20:20,840 --> 00:20:24,239 Speaker 1: to ensure that citizens don't begin to prefer crypto if 405 00:20:24,240 --> 00:20:27,360 Speaker 1: your currencies. Basically, they're saying that the pain doesn't get 406 00:20:27,440 --> 00:20:30,600 Speaker 1: high enough that the people would rather go to crypto 407 00:20:30,840 --> 00:20:33,440 Speaker 1: over stain in the Fiat. Let me give you an example. 408 00:20:34,240 --> 00:20:36,160 Speaker 1: As a matter of fact, Before I give you the example, 409 00:20:36,200 --> 00:20:38,960 Speaker 1: I've been saying long, long, for a long time. If 410 00:20:39,000 --> 00:20:41,480 Speaker 1: the governments really wanted to get rid of bitcoin. They 411 00:20:41,480 --> 00:20:44,040 Speaker 1: could in an instant. All they would have to do 412 00:20:44,119 --> 00:20:46,520 Speaker 1: is take away the need for it. They'd have to 413 00:20:46,520 --> 00:20:49,000 Speaker 1: take away the pain point that would cause people to switch. 414 00:20:49,320 --> 00:20:52,880 Speaker 1: What would they do, Well, they would stop printing money, 415 00:20:52,760 --> 00:20:56,360 Speaker 1: they would live and work on a budget, and they 416 00:20:56,359 --> 00:21:01,080 Speaker 1: would stop their authoritarian push and give all your freedoms back. Well, 417 00:21:01,160 --> 00:21:03,600 Speaker 1: that ain't gonna gonna happen, and so that's why bitcoin 418 00:21:03,600 --> 00:21:05,800 Speaker 1: will continue to rise. However, we can see this as 419 00:21:05,800 --> 00:21:08,640 Speaker 1: a real example. So let's just take a look at Nigeria. Okay, 420 00:21:08,880 --> 00:21:11,840 Speaker 1: So in Nigeria they've been using bitcoin for a long 421 00:21:11,880 --> 00:21:14,560 Speaker 1: time because their their currency is no good. The niura 422 00:21:14,720 --> 00:21:16,439 Speaker 1: is no good. Why is it no good Because they 423 00:21:16,440 --> 00:21:19,320 Speaker 1: print way too much of it, which causes massive inflation, 424 00:21:19,760 --> 00:21:22,480 Speaker 1: massive volatility. And so the Nigerians are like, hey, we 425 00:21:22,560 --> 00:21:26,800 Speaker 1: can't we can't use the niara anymore because of these reasons, 426 00:21:26,800 --> 00:21:28,760 Speaker 1: because it's the price is going up all the time, 427 00:21:29,440 --> 00:21:31,760 Speaker 1: it's unstable, things like that. So we're going to start 428 00:21:31,840 --> 00:21:36,240 Speaker 1: using bitcoin. So they did. Well. Now, you might say, 429 00:21:36,280 --> 00:21:39,160 Speaker 1: but mark bitcoin's way too volatile to use as a currency. Well, 430 00:21:39,200 --> 00:21:41,600 Speaker 1: it is when you compare it to the dollar. It's 431 00:21:41,640 --> 00:21:44,800 Speaker 1: not when you compare it to something like the nihara 432 00:21:44,960 --> 00:21:47,399 Speaker 1: or the Turkish lira or something like that. Because the 433 00:21:47,440 --> 00:21:50,199 Speaker 1: pain is so high there, they would rather deal with 434 00:21:50,200 --> 00:21:52,640 Speaker 1: the volatility bitcoin. So anyway, they're on the Bitcoin standard. 435 00:21:53,440 --> 00:21:55,800 Speaker 1: And then the country of Nigeria has this great idea 436 00:21:55,840 --> 00:21:59,520 Speaker 1: and it says, wait a minute. The reason everybody's going 437 00:21:59,520 --> 00:22:01,359 Speaker 1: to this bit coin things, they're not using the niura. 438 00:22:01,480 --> 00:22:04,560 Speaker 1: Why is that? Oh, it must be because they want 439 00:22:04,600 --> 00:22:07,480 Speaker 1: digital money. That's what it is. So what we should 440 00:22:07,480 --> 00:22:09,479 Speaker 1: do is we should give them digital money and they 441 00:22:09,520 --> 00:22:11,760 Speaker 1: won't need to use bitcoin. They can use our digital money. 442 00:22:11,800 --> 00:22:15,960 Speaker 1: So they created it CBDC called the Enira. Well, they 443 00:22:16,040 --> 00:22:17,800 Speaker 1: created the nra. They send it up to the people said, hey, 444 00:22:17,800 --> 00:22:20,159 Speaker 1: congratulations is good. Look we have this digital currency for you. 445 00:22:20,160 --> 00:22:22,600 Speaker 1: Now you don't have to use bitcoin anymore. But the 446 00:22:22,600 --> 00:22:25,840 Speaker 1: people didn't want to use it. So the government's like, well, 447 00:22:25,880 --> 00:22:27,320 Speaker 1: how can we get people to use it. What we'll 448 00:22:27,359 --> 00:22:29,800 Speaker 1: do is we'll give them discounts. So if you use 449 00:22:29,800 --> 00:22:32,479 Speaker 1: the enira, you know, we'll rebate your purchases, We'll give 450 00:22:32,520 --> 00:22:34,600 Speaker 1: you discounts whatever. So we'll incentivize you. We show you 451 00:22:34,640 --> 00:22:37,800 Speaker 1: the carrot, right, remember pain and pleasure. So we'll show 452 00:22:37,800 --> 00:22:41,000 Speaker 1: you the carrot. Well, people still didn't want to use it, 453 00:22:41,440 --> 00:22:43,600 Speaker 1: so they started doing surveys, polls, They start asking people 454 00:22:43,640 --> 00:22:45,800 Speaker 1: what's going on, and the people said, why would we 455 00:22:45,920 --> 00:22:49,120 Speaker 1: use the ni arara? It's the exact same thing as 456 00:22:49,160 --> 00:22:51,760 Speaker 1: the regular naiara, meaning to keep printing so much of 457 00:22:51,800 --> 00:22:54,480 Speaker 1: it that it continues to devalue. So why would we 458 00:22:54,600 --> 00:22:57,520 Speaker 1: use that. We'd rather just stick with bitcoin. And so 459 00:22:57,600 --> 00:22:59,960 Speaker 1: this is exactly what this is saying. The statement here 460 00:23:00,040 --> 00:23:02,560 Speaker 1: they institute sound money policies to insure citizens don't begin 461 00:23:02,600 --> 00:23:06,040 Speaker 1: to prefer crypto over fiat. As long as they're printing money, 462 00:23:06,920 --> 00:23:10,520 Speaker 1: as long as they're censoring transactions, as long as they're 463 00:23:10,560 --> 00:23:12,800 Speaker 1: telling you what you can and can't do with your money, 464 00:23:13,280 --> 00:23:15,960 Speaker 1: people are going to want to leave. So I would 465 00:23:16,000 --> 00:23:17,639 Speaker 1: love to see them live this out. It's pretty interesting 466 00:23:17,640 --> 00:23:20,000 Speaker 1: they put that in there. I highly doubt we'll see 467 00:23:20,000 --> 00:23:22,560 Speaker 1: them make a big switch on that. Now, let's look 468 00:23:22,560 --> 00:23:24,800 Speaker 1: at some of this tit for tat in this war 469 00:23:24,920 --> 00:23:26,960 Speaker 1: that we're in, in this economic war that we're in 470 00:23:27,040 --> 00:23:28,200 Speaker 1: right now. Like I said, it really started with the 471 00:23:28,240 --> 00:23:31,000 Speaker 1: Trump administration and these tariffs that we've got on there. 472 00:23:31,040 --> 00:23:34,240 Speaker 1: We had these trade wars start escalating. Then Trump kind 473 00:23:34,240 --> 00:23:36,840 Speaker 1: of went after Huawei. If you remember that, there was 474 00:23:36,880 --> 00:23:38,879 Speaker 1: the Chinese tech company that was kind of making inroads 475 00:23:38,880 --> 00:23:41,320 Speaker 1: into the United States with their five G towers and 476 00:23:41,359 --> 00:23:46,919 Speaker 1: phones and equipment. Then even the Trump administration had a 477 00:23:47,000 --> 00:23:51,520 Speaker 1: high ranking Huawei member arrested in Canada if you remember that. Well, 478 00:23:51,720 --> 00:23:54,280 Speaker 1: things have just continued to escalate since then. As I 479 00:23:54,320 --> 00:23:56,800 Speaker 1: mentioned earlier, we saw this week China decided to ban 480 00:23:56,960 --> 00:24:02,200 Speaker 1: the iPhone. They're trying to suppose, really bolster their domestic technology. 481 00:24:03,320 --> 00:24:04,880 Speaker 1: So we'll see how that plays out. But they said 482 00:24:04,880 --> 00:24:08,640 Speaker 1: that it's to protect national security and to boost reliance 483 00:24:08,680 --> 00:24:13,760 Speaker 1: on homegrown technology. So okay, you ban Huawei in the US, 484 00:24:13,840 --> 00:24:17,560 Speaker 1: then that's fine. China will just ban iPhones. How do 485 00:24:17,600 --> 00:24:20,159 Speaker 1: you like that? Now? China does account for about twenty 486 00:24:20,240 --> 00:24:24,240 Speaker 1: percent of Apple's revenues, but more importantly, it's where they're 487 00:24:24,320 --> 00:24:28,919 Speaker 1: nearly all made, as I said, but that's being moved 488 00:24:28,960 --> 00:24:31,320 Speaker 1: over to India as fast as can happen. It did 489 00:24:31,400 --> 00:24:33,680 Speaker 1: affect Apple's share price that dropped about three point six 490 00:24:33,720 --> 00:24:36,560 Speaker 1: percent in the wake of that news, because, like I said, 491 00:24:36,680 --> 00:24:40,159 Speaker 1: China is worth so much of their production. But what 492 00:24:40,240 --> 00:24:43,960 Speaker 1: else well, we've seen. The Biden administration has then moved 493 00:24:44,000 --> 00:24:48,520 Speaker 1: on to ban even more phonemakers Huawei and Zte. He 494 00:24:48,560 --> 00:24:52,280 Speaker 1: says that they're surveillance companies and so they're banning even 495 00:24:52,320 --> 00:24:54,640 Speaker 1: that even more. I covered on my main YouTube channel 496 00:24:54,640 --> 00:24:56,520 Speaker 1: I've talked about here on the radio and the podcast 497 00:24:56,560 --> 00:25:00,360 Speaker 1: as well, that they also have now stepped up. They've 498 00:25:00,440 --> 00:25:02,280 Speaker 1: escalated the war. On the YouTube channel, I called it 499 00:25:02,480 --> 00:25:04,919 Speaker 1: sent them back to the dark ages by banning their 500 00:25:04,960 --> 00:25:08,560 Speaker 1: ability to get semiconductors and microchips. There's like three levels 501 00:25:08,600 --> 00:25:11,520 Speaker 1: of microchips. The two most advanced ones that you need 502 00:25:11,600 --> 00:25:14,919 Speaker 1: for basically anything more than like a nineteen eighties alarm 503 00:25:14,920 --> 00:25:17,760 Speaker 1: clock have been banned. And not just the microchips, but 504 00:25:17,920 --> 00:25:21,399 Speaker 1: all the equipment made to manufacture, service, et cetera is 505 00:25:21,480 --> 00:25:26,760 Speaker 1: all gone, and so that's a big deal. Now. Of 506 00:25:26,800 --> 00:25:29,440 Speaker 1: course China is trying to counter that. We'll see what 507 00:25:29,480 --> 00:25:31,920 Speaker 1: they can do. They have a forty one billion dollar 508 00:25:32,000 --> 00:25:34,159 Speaker 1: package that China put together to try to fund to 509 00:25:34,200 --> 00:25:37,880 Speaker 1: try to support domestic production, but it could take them 510 00:25:38,000 --> 00:25:41,439 Speaker 1: decades to get back up to speed. We'll see. So 511 00:25:41,480 --> 00:25:43,560 Speaker 1: it's sort of like this tech cold war, if you will, 512 00:25:43,600 --> 00:25:45,679 Speaker 1: a tech cold War World War three on tech, but 513 00:25:45,720 --> 00:25:48,560 Speaker 1: it's also this financial, this economic war. So then China 514 00:25:48,600 --> 00:25:52,080 Speaker 1: turned around and they banned exports of gallium and geranium, 515 00:25:52,280 --> 00:25:56,560 Speaker 1: which are two commodities that we need to build out 516 00:25:56,680 --> 00:25:59,600 Speaker 1: the ev transition that we want. So you see how 517 00:25:59,600 --> 00:26:01,440 Speaker 1: this is just going tit for tat, tit for tat, 518 00:26:01,440 --> 00:26:03,440 Speaker 1: tit for dat. It's all good, and it's all good 519 00:26:03,520 --> 00:26:06,160 Speaker 1: until finally it escalates to the point that guns start 520 00:26:06,160 --> 00:26:08,520 Speaker 1: going off, which I pray that we don't actually get 521 00:26:08,520 --> 00:26:11,320 Speaker 1: to that point. And then we have a situation like 522 00:26:11,359 --> 00:26:14,679 Speaker 1: going on with the bricks and our Argentina, Egypt, if 523 00:26:14,680 --> 00:26:18,159 Speaker 1: the Ethiopia, Iran, Saudi Arabia, all these things, and the 524 00:26:18,200 --> 00:26:21,040 Speaker 1: big one being Saudi Arabia, because Saudi Arabia has been 525 00:26:21,119 --> 00:26:23,639 Speaker 1: sort of the oil gas station for the world, and 526 00:26:23,720 --> 00:26:27,920 Speaker 1: they've always sold the oil in dollars. They've been a 527 00:26:27,960 --> 00:26:30,480 Speaker 1: partner of the dollar of the US to keep that 528 00:26:30,600 --> 00:26:34,720 Speaker 1: dollar having dominance in the world. But now they're selling 529 00:26:35,119 --> 00:26:38,160 Speaker 1: oil to China, and they're selling oil to China in 530 00:26:38,240 --> 00:26:42,800 Speaker 1: their own currency, which is sort of interesting. It's breaking 531 00:26:42,920 --> 00:26:46,080 Speaker 1: the back of the dollar. We have Argentina wanting to 532 00:26:46,160 --> 00:26:49,920 Speaker 1: jump over to the bricks, nations as well, except for 533 00:26:50,040 --> 00:26:53,240 Speaker 1: now there's rumors of Argentina potentially going back to a 534 00:26:53,320 --> 00:26:57,400 Speaker 1: dollar standard. You see, these things are going to continue 535 00:26:57,400 --> 00:26:59,280 Speaker 1: to break down, continue to do globalise. This is why 536 00:26:59,280 --> 00:27:02,280 Speaker 1: I'm called the dec So Revolution. You're starting to see 537 00:27:02,560 --> 00:27:06,159 Speaker 1: that this is not straightforward, and what I believe will 538 00:27:06,200 --> 00:27:09,240 Speaker 1: continue to happen is we'll continue to break apart. We're 539 00:27:09,320 --> 00:27:11,399 Speaker 1: not going to have two alliances. We're going to have 540 00:27:11,440 --> 00:27:13,320 Speaker 1: many because everyone's looking out for their own self interest. 541 00:27:13,440 --> 00:27:15,000 Speaker 1: If you're just tune in, you're listening to the Mark 542 00:27:15,040 --> 00:27:17,919 Speaker 1: Mass Show, we're breaking down World War three from a 543 00:27:18,000 --> 00:27:21,160 Speaker 1: trade and an economic standpoint, going tip for tat here, 544 00:27:21,280 --> 00:27:24,200 Speaker 1: I got to bring you back to the conclusion. Where 545 00:27:24,320 --> 00:27:25,679 Speaker 1: is this all going. You don't want to miss it, 546 00:27:25,680 --> 00:27:27,600 Speaker 1: but I gotta takequick break, so don't go away. I'll 547 00:27:27,640 --> 00:27:29,440 Speaker 1: be right back. All right, Welcome back. If you're just 548 00:27:29,440 --> 00:27:31,360 Speaker 1: tune in, you're listening to the Mark Mass Show. We're 549 00:27:31,359 --> 00:27:35,119 Speaker 1: talking about World War three. We're talking about the showdown. 550 00:27:36,240 --> 00:27:39,119 Speaker 1: But really it's not as honorous as what it sounds 551 00:27:39,119 --> 00:27:40,840 Speaker 1: like from the title. It's really more about this trade 552 00:27:40,840 --> 00:27:43,240 Speaker 1: war that's going on, the War of information, the war 553 00:27:43,359 --> 00:27:46,760 Speaker 1: over money and it's the breakup of this global order 554 00:27:46,800 --> 00:27:49,280 Speaker 1: that we've had going. And we're talking about how while 555 00:27:49,359 --> 00:27:52,480 Speaker 1: it looks like there's these alliances being formed, really it's 556 00:27:52,600 --> 00:27:55,200 Speaker 1: much more complicated than that, and it's starting to break 557 00:27:55,280 --> 00:27:58,439 Speaker 1: up even within these alliances. And it really was kicked 558 00:27:58,480 --> 00:28:01,119 Speaker 1: off into super high gear last week during this G 559 00:28:01,200 --> 00:28:04,200 Speaker 1: twenty meeting where President Biden went to the G twenty 560 00:28:04,240 --> 00:28:06,720 Speaker 1: and tried to get all of these nations to ditch 561 00:28:06,760 --> 00:28:09,119 Speaker 1: China and the Belton Road initiative and to jump onto 562 00:28:09,200 --> 00:28:11,639 Speaker 1: the US's new plan to build their own version of 563 00:28:11,640 --> 00:28:14,400 Speaker 1: the Belton Roade initiative, while at the same time President's 564 00:28:14,440 --> 00:28:18,359 Speaker 1: z from China didn't even show up. Now we've covered 565 00:28:18,400 --> 00:28:19,920 Speaker 1: a lot. If you haven't, if you haven't caught it all, 566 00:28:20,000 --> 00:28:22,000 Speaker 1: you missed a lot. But don't worry. I got your back. 567 00:28:22,119 --> 00:28:23,720 Speaker 1: Go check it out on the podcast. Just search the 568 00:28:23,720 --> 00:28:25,760 Speaker 1: Mark mo Show on your favorite podcast player, or go 569 00:28:25,800 --> 00:28:28,920 Speaker 1: to YouTube and just search Market Disruptors. On that market 570 00:28:28,920 --> 00:28:30,840 Speaker 1: Disruptor's channel, we have all the videos. You're going to 571 00:28:30,840 --> 00:28:32,399 Speaker 1: watch me you can listen to me at the same time. 572 00:28:32,600 --> 00:28:34,520 Speaker 1: Also hit me up on social media let me know 573 00:28:34,560 --> 00:28:36,520 Speaker 1: you're listening. Ask me your questions. Let me know what 574 00:28:36,560 --> 00:28:38,000 Speaker 1: you want me to cover on the show, so I'll 575 00:28:38,000 --> 00:28:40,960 Speaker 1: make sure to dig in deep onto those subjects for you. Now, 576 00:28:41,280 --> 00:28:45,320 Speaker 1: to kind of conclude this section, let's take a look 577 00:28:45,360 --> 00:28:47,040 Speaker 1: at some of the things that are going on because 578 00:28:47,080 --> 00:28:48,920 Speaker 1: of this. All right, So, as I said, there's this 579 00:28:49,000 --> 00:28:52,480 Speaker 1: economic war going on, this tit for tat, and wars 580 00:28:52,520 --> 00:28:55,360 Speaker 1: have casualties, right, Wars have lots of casualties. As a 581 00:28:55,360 --> 00:28:58,120 Speaker 1: matter of fact, we're seeing casualties in all of these nations. 582 00:28:58,160 --> 00:29:01,480 Speaker 1: So for example, you know, President Biden put on these 583 00:29:02,080 --> 00:29:06,440 Speaker 1: very restrictive, onerous sanctions against Russia in this economic war 584 00:29:06,600 --> 00:29:10,960 Speaker 1: World War three deglobalization, and supposedly it was going to 585 00:29:11,000 --> 00:29:14,080 Speaker 1: bankrupt China, who's going to crush their currency, but their 586 00:29:14,120 --> 00:29:17,560 Speaker 1: currency went to new all time highs. Russian trade has 587 00:29:17,720 --> 00:29:20,920 Speaker 1: done better than ever because high gold and high oil 588 00:29:20,960 --> 00:29:24,320 Speaker 1: prices are very good for nations that export gold and oil. 589 00:29:24,400 --> 00:29:28,640 Speaker 1: Turns out, turns out their gold and oil didn't get impacted. 590 00:29:28,640 --> 00:29:30,080 Speaker 1: As a matter of fact, they are still shipping just 591 00:29:30,120 --> 00:29:32,720 Speaker 1: as much as they ever were, and so it's been 592 00:29:32,800 --> 00:29:37,440 Speaker 1: very good. Now, it did hurt Americans who pay you know, 593 00:29:37,760 --> 00:29:40,000 Speaker 1: depend on when you're looking at it, maybe twice as 594 00:29:40,080 --> 00:29:43,000 Speaker 1: much for gasoline. When the price of gasoline goes up, 595 00:29:43,400 --> 00:29:46,120 Speaker 1: everything goes up. Bread goes up, food goes up, clothes 596 00:29:46,200 --> 00:29:48,760 Speaker 1: goes up, everything goes up because it all depends on gasoline. 597 00:29:48,800 --> 00:29:52,240 Speaker 1: So there's no war without victims, and we certainly have 598 00:29:52,360 --> 00:29:55,400 Speaker 1: those now in China, we're seeing lots of victims there 599 00:29:55,440 --> 00:29:58,239 Speaker 1: as well. We can see. I saw this report came 600 00:29:58,280 --> 00:30:03,480 Speaker 1: out this week that there's estimates of the youth unemployment 601 00:30:03,560 --> 00:30:08,560 Speaker 1: rate being fifty percent. It's amazing now that number was 602 00:30:08,600 --> 00:30:14,520 Speaker 1: officially across twenty percent before Beijing halted it. Well, if 603 00:30:14,520 --> 00:30:16,360 Speaker 1: you don't like the news, just don't talk about anymore. 604 00:30:16,400 --> 00:30:18,520 Speaker 1: As a matter of fact, don't let anybody talk about it. 605 00:30:18,640 --> 00:30:21,320 Speaker 1: And that's exactly what they did. So the unofficial estimates 606 00:30:21,360 --> 00:30:25,959 Speaker 1: now say that they're nearly fifty percent, and it's creating 607 00:30:26,000 --> 00:30:28,600 Speaker 1: this new environment that I thought was very interesting. It's 608 00:30:28,640 --> 00:30:30,320 Speaker 1: called line flat. I don't know if you've heard of 609 00:30:30,320 --> 00:30:34,200 Speaker 1: this before. So this line flat term is adopted. It 610 00:30:34,320 --> 00:30:37,840 Speaker 1: was adopted by the youth who are choosing to just 611 00:30:38,040 --> 00:30:40,800 Speaker 1: quit the game altogether. They don't want to participate in 612 00:30:40,840 --> 00:30:43,640 Speaker 1: socie anymore. They quit the rat race and they just 613 00:30:43,680 --> 00:30:47,280 Speaker 1: want to life flat. Now, in previous decades, what would 614 00:30:47,280 --> 00:30:50,760 Speaker 1: happen is what would typically happen. Agitated youth would go 615 00:30:50,800 --> 00:30:53,240 Speaker 1: to the streets and they'd be all over the streets. 616 00:30:53,280 --> 00:30:56,200 Speaker 1: They would you know, protest, they would potentially, you know, 617 00:30:56,320 --> 00:30:59,560 Speaker 1: cause some damage destruction, they'd speak your mind, they'd do whatever, 618 00:30:59,560 --> 00:31:02,960 Speaker 1: they'd act out right. But because China has turned into 619 00:31:03,000 --> 00:31:06,560 Speaker 1: such a police state with their hyper surveillance technology that 620 00:31:06,600 --> 00:31:10,320 Speaker 1: they have, it makes acting out, it makes rebellion way 621 00:31:10,440 --> 00:31:13,120 Speaker 1: much harder than it ever was. And so because of 622 00:31:13,160 --> 00:31:16,280 Speaker 1: that good job China, you've been able to kind of 623 00:31:17,240 --> 00:31:20,280 Speaker 1: squash You've kind of been able to prevent a lot 624 00:31:20,280 --> 00:31:24,360 Speaker 1: of this agitation from uprising. You've prevented a lot of 625 00:31:24,600 --> 00:31:28,840 Speaker 1: these protests. So now people just stay home, they lie flat. 626 00:31:29,120 --> 00:31:31,720 Speaker 1: That's what it's called. Pretty depressing, if you will. We've 627 00:31:31,720 --> 00:31:36,440 Speaker 1: seen China's fertility rate has collapsed to a historic, a 628 00:31:36,480 --> 00:31:40,600 Speaker 1: stunning low of only one point zero nine berth per woman, 629 00:31:41,320 --> 00:31:43,840 Speaker 1: and it was at one point three just a few 630 00:31:43,880 --> 00:31:46,760 Speaker 1: years ago. Now, this is horrible news for China because 631 00:31:46,840 --> 00:31:49,320 Speaker 1: in the last whatever three decades they had what was 632 00:31:49,360 --> 00:31:51,560 Speaker 1: called a one child policy where you could only have 633 00:31:51,600 --> 00:31:54,640 Speaker 1: one child. Now, because you only have one child. Most 634 00:31:54,680 --> 00:31:57,000 Speaker 1: people wanted a mail so that they might have someone 635 00:31:57,000 --> 00:31:59,040 Speaker 1: that could provide for them when they were older, and 636 00:31:59,120 --> 00:32:03,000 Speaker 1: so they have most lee a male population with no females, 637 00:32:03,400 --> 00:32:05,880 Speaker 1: and they have all these old people with no young 638 00:32:05,880 --> 00:32:08,200 Speaker 1: people behind them. So if you just look at the demographics, 639 00:32:08,440 --> 00:32:11,120 Speaker 1: what percentages of the population we have, we can see 640 00:32:11,120 --> 00:32:15,680 Speaker 1: that within about forty years, half of China's population will 641 00:32:15,720 --> 00:32:18,240 Speaker 1: be gone. They'll just die, they'll be timed out. And 642 00:32:18,280 --> 00:32:21,160 Speaker 1: there's not enough young people coming up below them now 643 00:32:21,200 --> 00:32:25,200 Speaker 1: to make matters worse. The people that are there today, 644 00:32:25,440 --> 00:32:30,800 Speaker 1: they're not having enough kids, they're over it, they're lying flat. 645 00:32:31,000 --> 00:32:34,960 Speaker 1: Why would I even participate? This shows the massive amounts 646 00:32:34,960 --> 00:32:39,920 Speaker 1: of pessimism that's happening in the country, and it's it's 647 00:32:40,480 --> 00:32:43,360 Speaker 1: as elon Muska. It's probably the largest problem that humanity 648 00:32:43,400 --> 00:32:48,080 Speaker 1: has right now, not climate change, civilizational collapse because there's 649 00:32:48,080 --> 00:32:50,640 Speaker 1: not enough people coming, there's not enough babies being born, 650 00:32:51,480 --> 00:32:53,320 Speaker 1: and so China has all kinds of problems. They have 651 00:32:53,360 --> 00:32:56,960 Speaker 1: a real estate market troubles, property market troubles. We heard 652 00:32:56,960 --> 00:32:59,320 Speaker 1: about the Evergrand situation that was bubbling up for a 653 00:32:59,320 --> 00:33:01,800 Speaker 1: lot for a long time, and that was potentially going 654 00:33:01,880 --> 00:33:05,200 Speaker 1: to crash things. But there's a new thing that's pubbled 655 00:33:05,280 --> 00:33:07,200 Speaker 1: up in China that I covered the other day that 656 00:33:07,240 --> 00:33:12,560 Speaker 1: I think could be massive. And this is another bubble 657 00:33:12,600 --> 00:33:14,720 Speaker 1: that's about to blow up in the country that I 658 00:33:14,800 --> 00:33:18,280 Speaker 1: think could potentially come to our shore, and it could 659 00:33:18,280 --> 00:33:21,560 Speaker 1: be the force multiplier that might throw the entire world 660 00:33:21,640 --> 00:33:25,360 Speaker 1: into a global financial panic. In fact, it's such a 661 00:33:25,400 --> 00:33:28,040 Speaker 1: big crisis that it could make all the other ones 662 00:33:28,080 --> 00:33:30,680 Speaker 1: look small. And it's about a collapse of a shadow 663 00:33:30,680 --> 00:33:35,120 Speaker 1: bank called Zonggrong International Trust. Now, zong Grong is not 664 00:33:35,200 --> 00:33:39,080 Speaker 1: a pure property developer play like Everground was, nor is 665 00:33:39,120 --> 00:33:40,920 Speaker 1: it really a bank. It's sort of like an in between. 666 00:33:40,960 --> 00:33:44,640 Speaker 1: It's what we call shadow bank. And yeah, they do 667 00:33:44,720 --> 00:33:47,760 Speaker 1: have some property development activities, but they have all types 668 00:33:47,800 --> 00:33:50,360 Speaker 1: of other like what we'd call investment schemes going on 669 00:33:50,440 --> 00:33:52,600 Speaker 1: as well. And so you know, they've been known for 670 00:33:52,640 --> 00:33:54,640 Speaker 1: a long time, their reputation has been good as a 671 00:33:54,760 --> 00:33:59,400 Speaker 1: top financial group in China, but now has been revealed, surprise, surprise, surprise, 672 00:33:59,800 --> 00:34:03,440 Speaker 1: that they're not what they said they were, That they've 673 00:34:03,440 --> 00:34:07,040 Speaker 1: been taking assets and they've been putting them into other 674 00:34:07,120 --> 00:34:10,600 Speaker 1: wealth management products. They were transferred to corporate headquarters and 675 00:34:10,680 --> 00:34:14,880 Speaker 1: used for various speculations that weren't connected to any wealth 676 00:34:15,000 --> 00:34:19,680 Speaker 1: management goals for the people. Now it's sort of like FTX, 677 00:34:19,719 --> 00:34:22,920 Speaker 1: the FTX crypto fraud, where they were taking customers funds 678 00:34:22,960 --> 00:34:25,439 Speaker 1: billions of dollars of customer funds and putting them into 679 00:34:25,480 --> 00:34:30,640 Speaker 1: their own proprietary speculations and spending spreeze by the principles, 680 00:34:30,680 --> 00:34:32,799 Speaker 1: buying houses in the Bahamas and things like that. Now, 681 00:34:33,280 --> 00:34:36,960 Speaker 1: zong Grong is not a transparent company. Pretty much nothing 682 00:34:37,000 --> 00:34:40,479 Speaker 1: in China is. It's very lightly regulated, and so there's 683 00:34:40,520 --> 00:34:43,640 Speaker 1: a complete lack of accountability, and so because of that, 684 00:34:43,680 --> 00:34:46,839 Speaker 1: it's almost impossible for regulators to respond appropriately since they 685 00:34:46,920 --> 00:34:50,640 Speaker 1: don't even know what's going on. Now. The Chinese authorities 686 00:34:50,719 --> 00:34:53,359 Speaker 1: have established a task force to try to figure out 687 00:34:53,360 --> 00:34:56,280 Speaker 1: what's going on to try to prevent some contagion from happening, 688 00:34:56,640 --> 00:34:59,680 Speaker 1: but it's already started happening. The regulators are so far 689 00:34:59,719 --> 00:35:03,080 Speaker 1: behind and the curve on this one. Now zong Grong 690 00:35:03,160 --> 00:35:07,200 Speaker 1: could potentially be sitting on total losses of five hundred 691 00:35:07,719 --> 00:35:11,480 Speaker 1: billion dollars five hundred billion when taken into account with 692 00:35:11,520 --> 00:35:15,719 Speaker 1: shareholder equity, wealth management products and even direct accounts it's 693 00:35:15,719 --> 00:35:17,480 Speaker 1: a big deal. Now, the reason why I bring this 694 00:35:17,560 --> 00:35:19,840 Speaker 1: up in light of this trade war that we're talking 695 00:35:19,840 --> 00:35:23,960 Speaker 1: about is because it's such a big deal. There's a 696 00:35:23,960 --> 00:35:25,759 Speaker 1: saying that you know, the saying is what happens in 697 00:35:25,800 --> 00:35:27,880 Speaker 1: Vegas days in Vegas. There's another saying that what happens 698 00:35:27,880 --> 00:35:31,359 Speaker 1: in China doesn't stay in China, sort of like the coronavirus, 699 00:35:31,920 --> 00:35:34,120 Speaker 1: and so what they make goes to the world or 700 00:35:34,160 --> 00:35:36,560 Speaker 1: the factory of the world. And so this type of 701 00:35:36,640 --> 00:35:40,120 Speaker 1: a crash wouldn't just stay in China, it would go 702 00:35:40,280 --> 00:35:41,960 Speaker 1: to the rest of the world. And the question is, 703 00:35:42,120 --> 00:35:45,000 Speaker 1: ends this trade war, in this economic this financial war 704 00:35:45,040 --> 00:35:49,680 Speaker 1: that we're in, could President G and the CCP decide 705 00:35:49,719 --> 00:35:54,000 Speaker 1: to just let it collapse? If that happened, the Chinese 706 00:35:54,160 --> 00:35:57,080 Speaker 1: stock markets could fall, Sure, that could happen. It's bad 707 00:35:57,080 --> 00:36:00,960 Speaker 1: for China, but it would be way worse for the 708 00:36:01,000 --> 00:36:04,000 Speaker 1: rest of the world. And maybe, just maybe President G 709 00:36:04,160 --> 00:36:07,480 Speaker 1: and the CCP might actually like that. They might want 710 00:36:07,680 --> 00:36:11,680 Speaker 1: economic damage to be done in the United States, in Europe, 711 00:36:11,680 --> 00:36:14,880 Speaker 1: in Japan. Now, this is just one of many potential 712 00:36:14,880 --> 00:36:18,240 Speaker 1: black swans or gray swans that we can see out there, 713 00:36:18,360 --> 00:36:20,120 Speaker 1: and we don't know exactly how this will play out, 714 00:36:20,280 --> 00:36:23,960 Speaker 1: but it's certainly something to keep your eye on as 715 00:36:24,000 --> 00:36:26,480 Speaker 1: this escalates. This is you know what happens, right like 716 00:36:26,520 --> 00:36:28,680 Speaker 1: I call you a name, you push me, I punch you, 717 00:36:28,680 --> 00:36:30,160 Speaker 1: You get a knie. If I get a gun, right, 718 00:36:30,560 --> 00:36:33,840 Speaker 1: eventually get a nuclear weapon. This is how wars start 719 00:36:34,040 --> 00:36:36,600 Speaker 1: and until one side comes to their senses and says, hey, 720 00:36:36,600 --> 00:36:40,040 Speaker 1: you know what, we're better off just cooperating together instead 721 00:36:40,080 --> 00:36:42,799 Speaker 1: of fighting against each other, which hopefully at some point 722 00:36:42,840 --> 00:36:45,800 Speaker 1: adults will come back into the room and found minds 723 00:36:45,800 --> 00:36:48,200 Speaker 1: will prevail. You've been listening to the Mark Mass Show 724 00:36:48,520 --> 00:36:52,160 Speaker 1: covering World War three from an economic and information standpoint. 725 00:36:52,400 --> 00:36:54,640 Speaker 1: Hopefully this brings some light into what's going on and 726 00:36:54,640 --> 00:36:55,960 Speaker 1: where we're going. Let me know, hit me up on 727 00:36:56,000 --> 00:36:57,960 Speaker 1: social media, and that's what I got. Thanks so much 728 00:36:57,960 --> 00:36:58,400 Speaker 1: for listening.