1 00:00:00,320 --> 00:00:02,240 Speaker 1: Hello, and welcome back to another episode of The Mark 2 00:00:02,279 --> 00:00:05,280 Speaker 1: Moss Show, where we talk about, of course, the decentralized revolution, 3 00:00:05,880 --> 00:00:07,200 Speaker 1: and you know, I try to bring to you some 4 00:00:07,400 --> 00:00:09,760 Speaker 1: education so you understand how the world's breaking down and 5 00:00:09,800 --> 00:00:12,080 Speaker 1: some of the latest breaking news headlines so we can 6 00:00:12,080 --> 00:00:12,520 Speaker 1: see this. 7 00:00:12,480 --> 00:00:15,440 Speaker 2: Play by play, and boy was it a busy week 8 00:00:15,480 --> 00:00:16,720 Speaker 2: in the news headlines this week. 9 00:00:16,760 --> 00:00:19,520 Speaker 1: Of course, we look at it through the world of politics, finance, 10 00:00:19,680 --> 00:00:22,680 Speaker 1: and technologies. We can get this world into context. I 11 00:00:22,720 --> 00:00:24,880 Speaker 1: really like to look at the intersection of those things 12 00:00:25,560 --> 00:00:28,400 Speaker 1: so we can have context. And so you know, of course, 13 00:00:28,480 --> 00:00:31,760 Speaker 1: I believe that it's always technology that changes the world 14 00:00:31,880 --> 00:00:34,800 Speaker 1: more than anything. And we have as I've been talking 15 00:00:34,840 --> 00:00:38,320 Speaker 1: about bitcoin, of course, is this decentralized technology. It's not 16 00:00:38,800 --> 00:00:42,840 Speaker 1: just money, it's not just gold. It's actually a new 17 00:00:42,920 --> 00:00:46,120 Speaker 1: technological revolution that allows to build new things off of 18 00:00:46,640 --> 00:00:48,639 Speaker 1: And of course now we have this other revolution going 19 00:00:48,680 --> 00:00:51,199 Speaker 1: on with this AI which is pretty interesting. And when 20 00:00:51,200 --> 00:00:53,920 Speaker 1: you take these types of technologies together, boy, the world 21 00:00:54,000 --> 00:00:57,120 Speaker 1: is going to look very, very different. In five years, 22 00:00:57,120 --> 00:00:59,080 Speaker 1: we'll be talking about both those things. But you know, 23 00:00:59,120 --> 00:01:01,800 Speaker 1: in regards to bitcoin, and it has been all over 24 00:01:01,840 --> 00:01:04,160 Speaker 1: the news lately, which of course it's back from the 25 00:01:04,240 --> 00:01:06,320 Speaker 1: dead again. You know, every time the price of bitcoin, 26 00:01:06,400 --> 00:01:09,880 Speaker 1: the US dollar value of bitcoin drops, all the obituary 27 00:01:09,920 --> 00:01:12,360 Speaker 1: pages start coming out talking about how bitcoin is gonna die. 28 00:01:12,400 --> 00:01:15,000 Speaker 1: I think it's there's a website. I think it's ninety 29 00:01:15,080 --> 00:01:17,360 Speaker 1: nine bitcoins they track, you know, how many times bitcoin 30 00:01:17,360 --> 00:01:20,120 Speaker 1: has died, and it's died hundreds of times at this point. 31 00:01:21,160 --> 00:01:23,000 Speaker 1: You know, people like to compare it against like the 32 00:01:23,000 --> 00:01:26,360 Speaker 1: tulip mania. Tulipmania was one of the first bubbles that 33 00:01:26,360 --> 00:01:28,400 Speaker 1: we saw, you know, hundreds of years ago, where in 34 00:01:28,480 --> 00:01:33,000 Speaker 1: hauland the price of a tulip a flower literally just 35 00:01:33,120 --> 00:01:36,160 Speaker 1: exploded and for some reason, just people got into this 36 00:01:36,240 --> 00:01:37,760 Speaker 1: mania and they're paying more and more and more and 37 00:01:37,760 --> 00:01:38,880 Speaker 1: more and more and more and more and more for 38 00:01:38,880 --> 00:01:40,960 Speaker 1: the tulips, and then boom, the bubble burst and they 39 00:01:40,959 --> 00:01:45,920 Speaker 1: became worth nothing. It never recovered, like, it never went 40 00:01:45,959 --> 00:01:48,080 Speaker 1: into another bowl market. You know, if you look back 41 00:01:48,080 --> 00:01:50,640 Speaker 1: at Amazon and when it launched in the dot com 42 00:01:50,640 --> 00:01:53,560 Speaker 1: boom in the early night or late nineties, it went 43 00:01:53,600 --> 00:01:56,480 Speaker 1: from like five dollars up to eighty dollars at the 44 00:01:56,520 --> 00:01:58,320 Speaker 1: height of that dot com boom. And then when the 45 00:01:58,360 --> 00:02:01,320 Speaker 1: dot com bubble crashed. It fell all the way back 46 00:02:01,400 --> 00:02:03,960 Speaker 1: down to five dollars from eighty all the way back. 47 00:02:03,960 --> 00:02:05,680 Speaker 1: So when from five to eighty and back to five, 48 00:02:06,560 --> 00:02:10,120 Speaker 1: that's a bubble, right, it blew up. But Amazon didn't 49 00:02:10,120 --> 00:02:12,040 Speaker 1: stop at five dollars or eighty dollars. As a matter 50 00:02:12,080 --> 00:02:14,360 Speaker 1: of fact, it went on to be over two thousand dollars. 51 00:02:15,040 --> 00:02:18,200 Speaker 1: And so technologies are when you see assets. Sure, assets 52 00:02:18,280 --> 00:02:21,160 Speaker 1: rise and fall, but when they come back, that tells 53 00:02:21,160 --> 00:02:23,160 Speaker 1: you there's something there. And that's where a lot of 54 00:02:23,200 --> 00:02:25,240 Speaker 1: the big name guys that you've seen come over into 55 00:02:25,480 --> 00:02:27,960 Speaker 1: the bitcoin space say, hey, when I saw it come 56 00:02:28,040 --> 00:02:30,320 Speaker 1: back after that crash, I knew there was something there. 57 00:02:30,480 --> 00:02:33,000 Speaker 1: And so the tulips never came back. Amazon did, and 58 00:02:33,040 --> 00:02:35,240 Speaker 1: so has bitcoin. Bitcoin was dead again. It was all 59 00:02:35,280 --> 00:02:38,280 Speaker 1: the way down into the high teens fifteen sixteen thousand. 60 00:02:38,280 --> 00:02:40,239 Speaker 1: Hopefully you were able to grab some of those levels 61 00:02:40,280 --> 00:02:42,960 Speaker 1: I was talking about potentially being a bottom there, and 62 00:02:43,000 --> 00:02:46,920 Speaker 1: this week we saw it back up over thirty thousand dollars, 63 00:02:46,919 --> 00:02:51,840 Speaker 1: which is a very big psychological price point, and it's 64 00:02:51,840 --> 00:02:54,280 Speaker 1: big to be at that level at the same time 65 00:02:54,639 --> 00:02:58,080 Speaker 1: as the overall market is looking bad, which is pretty 66 00:02:58,080 --> 00:03:02,040 Speaker 1: important I think, and it's also coming out and making 67 00:03:02,080 --> 00:03:05,200 Speaker 1: those tops at the same time as inflation data is 68 00:03:05,200 --> 00:03:08,320 Speaker 1: coming out this week, which is suggesting that there should 69 00:03:08,360 --> 00:03:10,960 Speaker 1: be more weakness ahead because that means the Feds are 70 00:03:11,000 --> 00:03:14,200 Speaker 1: going to have to raise rates. But we're seeing bitcoin 71 00:03:14,280 --> 00:03:15,560 Speaker 1: go up in the face of that. 72 00:03:16,400 --> 00:03:17,520 Speaker 2: We saw one of. 73 00:03:17,480 --> 00:03:20,040 Speaker 1: My partners, James Lavish. He's been on the show many 74 00:03:20,040 --> 00:03:23,840 Speaker 1: times and he's my partner in the Bitcoin Opportunity Fund. 75 00:03:24,320 --> 00:03:26,640 Speaker 1: He went on to CNBC to talk about that and 76 00:03:26,680 --> 00:03:29,960 Speaker 1: he said that now that bitcoin touch thirty thousand, he 77 00:03:30,000 --> 00:03:32,680 Speaker 1: said it's likely to move into the mid to high thirties. 78 00:03:33,639 --> 00:03:36,240 Speaker 1: It's likely to go there, and if it pushes through 79 00:03:36,240 --> 00:03:39,280 Speaker 1: with conviction, it would force short speculators to cover and 80 00:03:39,360 --> 00:03:43,320 Speaker 1: buy instead. Some investors are trying to get positioned ahead 81 00:03:43,320 --> 00:03:44,560 Speaker 1: of that, is what he said. 82 00:03:44,800 --> 00:03:45,280 Speaker 2: So as it. 83 00:03:45,280 --> 00:03:47,840 Speaker 1: Continues to move up, people that are betting against its 84 00:03:47,840 --> 00:03:50,960 Speaker 1: demise shorting it, those get wiped out and it causes 85 00:03:50,960 --> 00:03:53,520 Speaker 1: it to move up even faster. Of course, like I said, 86 00:03:53,560 --> 00:03:55,640 Speaker 1: James is my partner in the Bitcoin Opportunity Fund. 87 00:03:55,640 --> 00:03:56,560 Speaker 2: I've had him on this show. 88 00:03:56,800 --> 00:03:58,640 Speaker 1: Go back into catalog and check out the last interview 89 00:03:58,640 --> 00:04:00,640 Speaker 1: we did a few weeks ago to search. 90 00:04:00,800 --> 00:04:02,840 Speaker 2: James Lavish on the Mark Mos Show, you'll find them. 91 00:04:03,160 --> 00:04:03,960 Speaker 2: And if you want to know. 92 00:04:03,880 --> 00:04:06,840 Speaker 1: More about the Bitcoin Opportunity Fund, you should check that 93 00:04:06,920 --> 00:04:10,840 Speaker 1: out as well. Just go to Bitcoin Opportunity dot Fund 94 00:04:11,240 --> 00:04:14,760 Speaker 1: is the website name Bitcoin Opportunity dot Fund. It's if 95 00:04:14,800 --> 00:04:18,160 Speaker 1: you would like to get exposure in the bitcoin ecosystem, 96 00:04:18,200 --> 00:04:21,480 Speaker 1: not just buying bitcoin directly, but through the ecosystem, then 97 00:04:21,520 --> 00:04:22,960 Speaker 1: you certainly want to check out what we're doing over 98 00:04:22,960 --> 00:04:27,920 Speaker 1: there Bitcoin Opportunity Dot Fund. But yeah, anyway, like what 99 00:04:28,000 --> 00:04:30,400 Speaker 1: James was saying, I mean, now that it's broken through 100 00:04:30,400 --> 00:04:33,000 Speaker 1: that level, when it's doing that in the face of 101 00:04:33,040 --> 00:04:34,960 Speaker 1: what the FED is doing, I think it's pretty important. 102 00:04:35,320 --> 00:04:37,520 Speaker 1: And you know, even though I often say that, I 103 00:04:37,520 --> 00:04:40,360 Speaker 1: think the price is one of the least important aspects 104 00:04:40,400 --> 00:04:42,080 Speaker 1: of it. You know, when you're looking at a new technology, 105 00:04:42,080 --> 00:04:44,080 Speaker 1: you're not typically trying to look at the price. You 106 00:04:44,120 --> 00:04:45,400 Speaker 1: want to look at the growth of the network, and 107 00:04:45,400 --> 00:04:47,000 Speaker 1: you want to look at the development on the network, 108 00:04:47,360 --> 00:04:48,680 Speaker 1: and the growth of the network. 109 00:04:48,360 --> 00:04:49,320 Speaker 2: Continues to expand. 110 00:04:49,360 --> 00:04:51,640 Speaker 1: As a matter of fact, we saw from looking at 111 00:04:51,680 --> 00:04:56,160 Speaker 1: on chain data more than half of all the bitcoin 112 00:04:56,240 --> 00:05:00,560 Speaker 1: and circulation haven't moved in more than two years. So 113 00:05:00,560 --> 00:05:02,520 Speaker 1: that just means that people are just hoddling it. They're 114 00:05:02,520 --> 00:05:04,840 Speaker 1: holding it. It'sitting to cold stores. They're not traders, they're 115 00:05:04,880 --> 00:05:06,919 Speaker 1: not going to sell it. And what that does is 116 00:05:06,920 --> 00:05:10,839 Speaker 1: that takes all that supply off of the market. Supply 117 00:05:10,960 --> 00:05:13,479 Speaker 1: is equilibritent of supply and demand. So when you take 118 00:05:13,560 --> 00:05:18,679 Speaker 1: that supply off the market, then the demand side moves 119 00:05:18,680 --> 00:05:21,800 Speaker 1: the needle much more because there's less available supply. And 120 00:05:21,800 --> 00:05:24,279 Speaker 1: we saw news this week that the London Stock Exchange 121 00:05:24,279 --> 00:05:27,440 Speaker 1: Group is now set up a new index futures and 122 00:05:27,520 --> 00:05:31,400 Speaker 1: options trading for bitcoin. So this is over in London, 123 00:05:32,040 --> 00:05:35,640 Speaker 1: obviously another massive financial market in the world, and this 124 00:05:35,720 --> 00:05:38,760 Speaker 1: bitcoin index futures and options. They wanted to get into 125 00:05:38,760 --> 00:05:42,880 Speaker 1: this rapidly growing asset class and that puts more demand 126 00:05:43,240 --> 00:05:47,880 Speaker 1: on the bitcoin as the supply is being restricted. So 127 00:05:47,880 --> 00:05:50,840 Speaker 1: we're seeing massive demand, we're seeing massive development. Another thing 128 00:05:50,839 --> 00:05:54,960 Speaker 1: we saw this week was that on Twitter, which I 129 00:05:54,960 --> 00:05:56,479 Speaker 1: if you're not following me on Twitter, check me out. 130 00:05:56,520 --> 00:05:58,280 Speaker 1: At one Mark Moss hit me up on there, ask 131 00:05:58,360 --> 00:05:59,960 Speaker 1: me some questions that me know you're listening to the show. 132 00:06:00,040 --> 00:06:02,719 Speaker 1: But on Twitter, elon Musk, you know I talked about 133 00:06:02,800 --> 00:06:07,520 Speaker 1: before how I believe why Elon Musk bought Twitter is 134 00:06:07,520 --> 00:06:09,680 Speaker 1: really to turn it into a payment app or maybe 135 00:06:09,680 --> 00:06:12,360 Speaker 1: an everything app. And we know this because that's kind 136 00:06:12,400 --> 00:06:15,000 Speaker 1: of been his intention since the first early days when 137 00:06:15,080 --> 00:06:17,120 Speaker 1: Musk was the co founder of PayPal. Before that, he 138 00:06:17,160 --> 00:06:19,839 Speaker 1: was starting a company called X And I believe now 139 00:06:19,960 --> 00:06:23,880 Speaker 1: PayPal is now I'm sorry, Twitter is now being the 140 00:06:23,920 --> 00:06:25,560 Speaker 1: corporation is now switching. 141 00:06:25,200 --> 00:06:25,760 Speaker 2: Over to X. 142 00:06:26,040 --> 00:06:28,599 Speaker 1: But what what what got announced this week is that 143 00:06:29,040 --> 00:06:33,960 Speaker 1: inside of Twitter, they're going to offer crypto trading directly 144 00:06:34,360 --> 00:06:36,680 Speaker 1: to Twitter users. As a matter of fact, they did 145 00:06:36,680 --> 00:06:41,680 Speaker 1: an agreement with e Toro to offer that. And so 146 00:06:41,720 --> 00:06:44,440 Speaker 1: now what you can do on e Toro is you 147 00:06:44,520 --> 00:06:48,919 Speaker 1: can use cash tags. So you'd put a dollar, a 148 00:06:48,960 --> 00:06:51,760 Speaker 1: dollar sign and then the symbol that you'd want, So 149 00:06:51,800 --> 00:06:54,800 Speaker 1: you'd put the dollar sign and then BTC for example, 150 00:06:55,120 --> 00:06:58,800 Speaker 1: and it give you real time prices for both cryptocurrencies 151 00:06:58,839 --> 00:07:01,080 Speaker 1: and stocks and other app assets. You could do dollar 152 00:07:01,160 --> 00:07:04,400 Speaker 1: sign Tsla to see the price of Tesla, or you 153 00:07:04,400 --> 00:07:07,080 Speaker 1: could do it with bitcoin or whatever. We can see 154 00:07:07,080 --> 00:07:11,000 Speaker 1: that they started this last December and since then, the 155 00:07:11,040 --> 00:07:14,800 Speaker 1: social media platform has recorded four hundred and twenty million searches, 156 00:07:14,960 --> 00:07:19,360 Speaker 1: with the top five searches being Tesla, bitcoin s and 157 00:07:19,400 --> 00:07:22,640 Speaker 1: P five hundred. But it's taking off fast. And then 158 00:07:22,640 --> 00:07:24,160 Speaker 1: what you can do is then you can go directly 159 00:07:24,200 --> 00:07:27,560 Speaker 1: to etoral and you can trade these other assets. It's 160 00:07:27,600 --> 00:07:31,840 Speaker 1: a big, big, big step forward in building that out 161 00:07:31,840 --> 00:07:34,000 Speaker 1: what he wants to do. You know, other big talk, 162 00:07:34,080 --> 00:07:38,400 Speaker 1: we've been talking quite a lot about cbdc's central bank 163 00:07:38,440 --> 00:07:41,720 Speaker 1: digital currencies, which are really the antithesis of what bitcoin is. 164 00:07:41,760 --> 00:07:43,920 Speaker 1: Bitcoin is true property where I can own it and 165 00:07:43,920 --> 00:07:45,080 Speaker 1: if I want to send it to you, nobody can 166 00:07:45,080 --> 00:07:47,080 Speaker 1: stop it, block it, or prevent it, or we should 167 00:07:47,120 --> 00:07:50,000 Speaker 1: say censor it. And we know that central bank digital 168 00:07:50,040 --> 00:07:52,280 Speaker 1: currencies are the exact opposite of it. As a matter 169 00:07:52,320 --> 00:07:55,120 Speaker 1: of fact, central bank digital currencies are all about control. 170 00:07:55,600 --> 00:07:59,280 Speaker 1: So they have control and I can't stop it or 171 00:07:59,360 --> 00:08:02,120 Speaker 1: I'm sorry, I can't transfer unless they allow me to. 172 00:08:02,800 --> 00:08:05,920 Speaker 1: And we saw this week there was a video that 173 00:08:05,960 --> 00:08:08,840 Speaker 1: came out where a group of pranksters that have been 174 00:08:08,880 --> 00:08:15,160 Speaker 1: known for pranking or punking well known individuals, got Christine Legard, 175 00:08:15,320 --> 00:08:18,400 Speaker 1: the head of the European Central Bank, the ECB President, 176 00:08:19,520 --> 00:08:23,400 Speaker 1: to come on and talk about CBDCs and she said 177 00:08:23,440 --> 00:08:27,440 Speaker 1: that she said, you're completely right it would be only 178 00:08:27,480 --> 00:08:30,120 Speaker 1: for a limited amount of control, so that she said 179 00:08:30,120 --> 00:08:32,640 Speaker 1: that it would be used for control, there would be control, 180 00:08:32,679 --> 00:08:34,960 Speaker 1: You're right, she said. She said, we're considering whether for 181 00:08:35,080 --> 00:08:37,960 Speaker 1: very small amounts, anything that has around three four hundred euros, 182 00:08:38,200 --> 00:08:40,280 Speaker 1: we could have a mechanism where there are zero control. 183 00:08:40,559 --> 00:08:46,400 Speaker 1: But that could be dangerous because she says terrorist attacks 184 00:08:46,720 --> 00:08:50,440 Speaker 1: have been financed by small, anonymous transactions. What she's saying 185 00:08:50,480 --> 00:08:55,199 Speaker 1: is the protests are funded by small transactions. So if 186 00:08:55,200 --> 00:08:58,120 Speaker 1: we could prevent you from using even one hundred dollars, 187 00:08:58,480 --> 00:09:01,520 Speaker 1: we could prevent protests. Are you listening to what they're 188 00:09:01,559 --> 00:09:03,480 Speaker 1: saying now? If you're just tuning in, you're listening to 189 00:09:03,559 --> 00:09:07,000 Speaker 1: the Mark Mass Show talking about the decentralized revolution, running 190 00:09:07,000 --> 00:09:09,040 Speaker 1: through some of the latest breaking news headlines this week. 191 00:09:09,040 --> 00:09:10,800 Speaker 1: I'll be back with mort a minute. Don't go away, 192 00:09:10,880 --> 00:09:14,800 Speaker 1: I'll be right back. Hello and welcome back. If you're 193 00:09:14,800 --> 00:09:17,160 Speaker 1: just tuning in, you're listening to the Marcoms Show. We're talking, 194 00:09:17,160 --> 00:09:19,760 Speaker 1: of course, each and every week about the decentralized revolution, 195 00:09:19,800 --> 00:09:21,679 Speaker 1: and I'm running through some of the latest breaking news 196 00:09:21,760 --> 00:09:24,840 Speaker 1: headlines this week to let you know what's going on 197 00:09:24,880 --> 00:09:26,839 Speaker 1: so you can stay on top of the world and 198 00:09:26,960 --> 00:09:29,080 Speaker 1: you know what to do to protect yourself, your family, 199 00:09:29,120 --> 00:09:31,640 Speaker 1: your freedom, and of course your money. You know, one 200 00:09:31,640 --> 00:09:34,320 Speaker 1: of the big things is on the top of every 201 00:09:34,360 --> 00:09:36,680 Speaker 1: single Boddy's radar, and it should be on yours, is 202 00:09:36,720 --> 00:09:39,040 Speaker 1: what is going on with the economy? What is the 203 00:09:39,080 --> 00:09:43,120 Speaker 1: FED doing with the money supply, so you can make 204 00:09:43,160 --> 00:09:45,760 Speaker 1: plans for yourself or your family, for your spending, for 205 00:09:45,800 --> 00:09:48,720 Speaker 1: your savings, for your retirement and your business. You know, 206 00:09:48,760 --> 00:09:50,839 Speaker 1: it's important to understand this so you know if you 207 00:09:50,880 --> 00:09:52,960 Speaker 1: should be expanding, if you should be cutting back, and 208 00:09:53,000 --> 00:09:54,600 Speaker 1: things like that. Of course you should always be living 209 00:09:54,600 --> 00:09:59,280 Speaker 1: with well within your means in either case. But we 210 00:09:59,440 --> 00:10:01,520 Speaker 1: need to you know what the price of money is. 211 00:10:01,600 --> 00:10:04,880 Speaker 1: We need to know what the yeah, the price of 212 00:10:04,920 --> 00:10:07,199 Speaker 1: money is, which a lot of people don't understand what 213 00:10:07,280 --> 00:10:07,600 Speaker 1: that means. 214 00:10:07,600 --> 00:10:08,320 Speaker 2: The price of money. 215 00:10:08,559 --> 00:10:10,960 Speaker 1: So you use money to buy things, but we also 216 00:10:11,200 --> 00:10:14,800 Speaker 1: buy money. If I want to buy a million dollar house, 217 00:10:14,800 --> 00:10:15,960 Speaker 1: but I don't have a million dollars, I need to 218 00:10:15,960 --> 00:10:19,439 Speaker 1: get a loan, so I'm buying the million dollars and 219 00:10:19,520 --> 00:10:22,360 Speaker 1: the price of that is the interest rate. And so 220 00:10:22,480 --> 00:10:24,160 Speaker 1: if I know what the price of the interest rate is, 221 00:10:24,160 --> 00:10:25,360 Speaker 1: if I know what the price of money is I 222 00:10:25,360 --> 00:10:27,400 Speaker 1: can make my plans. If I know that the price 223 00:10:27,440 --> 00:10:29,400 Speaker 1: of money is seven percent interest, then I know that 224 00:10:29,440 --> 00:10:31,160 Speaker 1: I have to get an investment that will pay me 225 00:10:31,240 --> 00:10:33,840 Speaker 1: more than the seven percent interest. But when the price 226 00:10:33,880 --> 00:10:36,880 Speaker 1: of money is zero or negative, I don't know what 227 00:10:36,880 --> 00:10:40,840 Speaker 1: to do. But then when they constantly change the price 228 00:10:40,840 --> 00:10:43,440 Speaker 1: of money all the time, it makes it even harder. 229 00:10:43,480 --> 00:10:44,960 Speaker 1: So it's important to stay on top of these things. 230 00:10:45,000 --> 00:10:47,560 Speaker 1: Now we know that this week that we saw the 231 00:10:47,559 --> 00:10:51,840 Speaker 1: FED come out and talk about what they're going to do, 232 00:10:51,920 --> 00:10:54,520 Speaker 1: we saw the meetings come out, we saw that inflation 233 00:10:54,720 --> 00:10:57,880 Speaker 1: now appears to be continually to be very sticky. It's 234 00:10:57,880 --> 00:10:59,920 Speaker 1: not going back down. Of course, I've been saying for 235 00:11:00,080 --> 00:11:02,280 Speaker 1: long time that I believe that inflation is probably the 236 00:11:02,320 --> 00:11:04,720 Speaker 1: lowest that we'll see for the decade. It's not going 237 00:11:04,920 --> 00:11:06,880 Speaker 1: it's not the highest. It's not going down. It'll be 238 00:11:06,920 --> 00:11:09,200 Speaker 1: going up now. Nothing goes up or down in the straight. 239 00:11:09,080 --> 00:11:09,720 Speaker 2: Line, of course. 240 00:11:10,320 --> 00:11:14,480 Speaker 1: So there's inflation there that's that's the price is going up. 241 00:11:14,640 --> 00:11:18,200 Speaker 1: There's disinflation that means the prices are still going up 242 00:11:18,200 --> 00:11:21,080 Speaker 1: but at a slower rate. And then there's actually deflation 243 00:11:21,280 --> 00:11:25,439 Speaker 1: where things are going down and so I believe, well, 244 00:11:25,640 --> 00:11:28,839 Speaker 1: of course we'll see disinflation, which is exactly what we're seeing. 245 00:11:29,240 --> 00:11:33,280 Speaker 1: So inflation is prices are still going up. They're just 246 00:11:33,320 --> 00:11:35,560 Speaker 1: going up a little bit slower than they were before. 247 00:11:35,800 --> 00:11:38,840 Speaker 1: There's nothing to celebrate by any means. But the problem 248 00:11:38,880 --> 00:11:41,680 Speaker 1: is is that as these inflation prices are remaining to 249 00:11:41,679 --> 00:11:45,079 Speaker 1: be very sticky, the Fed has to continue to jigger 250 00:11:45,120 --> 00:11:46,960 Speaker 1: with the price of money. They have to continue to 251 00:11:47,000 --> 00:11:49,480 Speaker 1: manipulate the price of money, of course, to try to 252 00:11:49,520 --> 00:11:52,920 Speaker 1: make you broke so you spend less money. The problem 253 00:11:53,040 --> 00:11:56,199 Speaker 1: is when you're broke, so you spend less money, that 254 00:11:56,280 --> 00:12:01,280 Speaker 1: means that businesses that rely on you also are going broke. 255 00:12:02,000 --> 00:12:04,600 Speaker 1: And that means that all their suppliers and vendors and 256 00:12:04,679 --> 00:12:09,240 Speaker 1: landlords that are relying on them also go broke. And 257 00:12:09,280 --> 00:12:12,640 Speaker 1: that means that the treasury, the government, whether it be 258 00:12:12,640 --> 00:12:14,559 Speaker 1: your local government or thorough government that's depending on. 259 00:12:14,520 --> 00:12:17,000 Speaker 2: Your tax receipts, also goes broke. 260 00:12:18,160 --> 00:12:20,360 Speaker 1: So this is a big, big problem. And so the FED, 261 00:12:20,480 --> 00:12:26,080 Speaker 1: while trying to bring inflation down by causing a mild recession, 262 00:12:26,200 --> 00:12:29,760 Speaker 1: looks to be pushing us into a massive recession. Now, 263 00:12:29,960 --> 00:12:33,280 Speaker 1: their goal was to raise inflation to two percent. They 264 00:12:33,280 --> 00:12:37,800 Speaker 1: couldn't get us to two percent, They ended up at nine. 265 00:12:38,320 --> 00:12:41,679 Speaker 1: Now their goal is to engineer a mild recession, as 266 00:12:41,720 --> 00:12:42,840 Speaker 1: they call it, a soft landing. 267 00:12:43,440 --> 00:12:45,000 Speaker 2: But do you think it's going to be soft? 268 00:12:45,200 --> 00:12:46,600 Speaker 1: As a matter of fact, we saw this week the 269 00:12:46,600 --> 00:12:52,040 Speaker 1: FED expects a banking crisis to cause a recession this year, 270 00:12:53,760 --> 00:12:55,160 Speaker 1: and all signs are pointed to that. I did a 271 00:12:55,200 --> 00:12:57,679 Speaker 1: video on my main YouTube pannel of Mark Moss. I'm 272 00:12:57,760 --> 00:13:00,200 Speaker 1: talking about a bunch of different indicators that point to 273 00:13:00,240 --> 00:13:03,320 Speaker 1: this and showing how the fallout from the banking crisis 274 00:13:03,400 --> 00:13:06,920 Speaker 1: is likely to tilt the economy into a recession later 275 00:13:07,120 --> 00:13:09,360 Speaker 1: this year. And we look at it from a bunch 276 00:13:09,400 --> 00:13:12,480 Speaker 1: of different areas. Obviously one we want to look at sentiment. 277 00:13:12,920 --> 00:13:15,559 Speaker 1: So it's almost like this self fulfilling prophecy. When a 278 00:13:15,559 --> 00:13:17,679 Speaker 1: bunch of people start to think that the economy is 279 00:13:17,720 --> 00:13:21,360 Speaker 1: going to slow down, they stop spending money and they 280 00:13:21,400 --> 00:13:24,720 Speaker 1: save it. But then by them not spending money, it 281 00:13:24,760 --> 00:13:27,000 Speaker 1: starts that spiral I already talked about. Now the stores 282 00:13:27,040 --> 00:13:28,760 Speaker 1: don't get money, now, their vendors don't get. 283 00:13:28,600 --> 00:13:29,360 Speaker 2: Money, etc. 284 00:13:29,720 --> 00:13:32,480 Speaker 1: So it's almost like just by them thinking that it's 285 00:13:32,520 --> 00:13:35,520 Speaker 1: going to happen they'll start to change their behaviors, which 286 00:13:35,559 --> 00:13:38,360 Speaker 1: then actually leads to that happening. And so it's important 287 00:13:38,360 --> 00:13:40,520 Speaker 1: to understand the sentiment of what's going on. And so 288 00:13:40,559 --> 00:13:43,240 Speaker 1: we saw that in that YouTube video I did. I 289 00:13:43,280 --> 00:13:46,840 Speaker 1: showed the sentiment which University of Michigan does the sentiment surveys, 290 00:13:46,880 --> 00:13:50,040 Speaker 1: which are great. Sentiment is very negative. That means people 291 00:13:50,040 --> 00:13:52,520 Speaker 1: don't feel good about the future of the economy. More importantly, 292 00:13:52,520 --> 00:13:55,360 Speaker 1: we look at the PMI report, which is the Purchase 293 00:13:55,440 --> 00:14:00,120 Speaker 1: Manager's Index, and it shows what they're purchasing or how 294 00:14:00,160 --> 00:14:03,760 Speaker 1: they're forecasting their business to be, and it was very, 295 00:14:03,920 --> 00:14:04,600 Speaker 1: very bearish. 296 00:14:04,679 --> 00:14:05,160 Speaker 2: It was bad. 297 00:14:05,200 --> 00:14:08,040 Speaker 1: Most people have a very poor outlook. So the businesses, 298 00:14:08,080 --> 00:14:10,640 Speaker 1: the purchase managers, the people who are spending the money 299 00:14:10,960 --> 00:14:13,160 Speaker 1: have a negative outlook, which means they're spending less money, 300 00:14:13,200 --> 00:14:16,960 Speaker 1: which again starts that downward spiral. So we can see 301 00:14:17,000 --> 00:14:19,560 Speaker 1: that from a bunch of different angles that recession is 302 00:14:19,600 --> 00:14:22,240 Speaker 1: soon to be here. I talked about how you know 303 00:14:22,280 --> 00:14:25,080 Speaker 1: the FED has gone on the fastest rate hiking cycle 304 00:14:25,160 --> 00:14:25,840 Speaker 1: in history. 305 00:14:26,600 --> 00:14:28,400 Speaker 2: The problem is is that it takes. 306 00:14:28,200 --> 00:14:31,720 Speaker 1: Usually twelve to eighteen months before you see the effects 307 00:14:31,760 --> 00:14:35,800 Speaker 1: of those rate increases, and so they started raising rates 308 00:14:36,280 --> 00:14:38,960 Speaker 1: twelve months ago. Actually it's thirteen months ago, so we're 309 00:14:38,960 --> 00:14:41,760 Speaker 1: into the first month of the year since they started, 310 00:14:41,760 --> 00:14:43,640 Speaker 1: and so it takes twelve to eighteen months. So we're 311 00:14:43,800 --> 00:14:47,119 Speaker 1: just now starting to see the effects of those rate increases, 312 00:14:47,680 --> 00:14:51,320 Speaker 1: and it looks like from what we're seeing, by this summer, 313 00:14:51,920 --> 00:14:54,320 Speaker 1: a recession could be here. And this is exactly what 314 00:14:54,440 --> 00:14:56,360 Speaker 1: this news article that came out this week says that 315 00:14:56,400 --> 00:15:02,080 Speaker 1: the FED expects a recession this year. They're saying they're 316 00:15:02,080 --> 00:15:05,440 Speaker 1: telling us that the banking sector is sound and resilient. 317 00:15:06,680 --> 00:15:08,920 Speaker 1: Now whenever they start telling us that that's the problem. 318 00:15:10,280 --> 00:15:12,880 Speaker 1: Was that President Ronald Reagan, I think that said the 319 00:15:12,880 --> 00:15:15,320 Speaker 1: most dangerous words are when the government says, we're from 320 00:15:15,320 --> 00:15:17,200 Speaker 1: the government, we're here to help you. And so when 321 00:15:17,200 --> 00:15:20,320 Speaker 1: they're saying, hey, don't worry, everything's going to be okay, 322 00:15:20,320 --> 00:15:23,600 Speaker 1: it typically means that they're not typically means that they're 323 00:15:23,640 --> 00:15:25,080 Speaker 1: not going to be okay. And part of this is 324 00:15:25,120 --> 00:15:28,600 Speaker 1: also being driven by one, of course, the Fed's trying 325 00:15:28,600 --> 00:15:31,800 Speaker 1: to push demand down by making us broke. It's also 326 00:15:31,920 --> 00:15:36,520 Speaker 1: by causing crisises throughout the economy, particularly around energy, and 327 00:15:36,560 --> 00:15:38,840 Speaker 1: of course a lot of that's being done by these 328 00:15:39,520 --> 00:15:44,200 Speaker 1: ESG narratives and these bans on natural gas and regular 329 00:15:44,280 --> 00:15:45,800 Speaker 1: energy that are happening. As a matter of fact, the 330 00:15:45,800 --> 00:15:48,840 Speaker 1: Biden administration came out this week with more executive orders 331 00:15:49,960 --> 00:15:53,680 Speaker 1: to push this clean green climate agenda that they have 332 00:15:54,840 --> 00:15:59,120 Speaker 1: and that is going to cause more hardships in the economy. 333 00:15:59,280 --> 00:16:01,960 Speaker 1: They want to ban gasoline powered cars, They want to 334 00:16:01,960 --> 00:16:04,520 Speaker 1: push everybody to electric cars, but of course. 335 00:16:04,360 --> 00:16:06,000 Speaker 2: Everybody doesn't have the money for that. 336 00:16:08,800 --> 00:16:13,280 Speaker 1: Car manufacturers are already on razor thin margins. They're already 337 00:16:13,360 --> 00:16:15,560 Speaker 1: losing money as it is, and now they're going to 338 00:16:15,600 --> 00:16:19,000 Speaker 1: be used forced to buy to build more expensive cars 339 00:16:19,000 --> 00:16:22,920 Speaker 1: that consumers can't afford at a time when consumers already 340 00:16:22,960 --> 00:16:26,040 Speaker 1: can't afford the cost of goods and services. And what 341 00:16:26,080 --> 00:16:27,800 Speaker 1: do you think is going to happen. It's going to 342 00:16:27,880 --> 00:16:30,800 Speaker 1: be havoc. It's going to be havoc. As a matter 343 00:16:30,840 --> 00:16:35,880 Speaker 1: of fact, Biden is issuing these at the same time 344 00:16:36,080 --> 00:16:39,000 Speaker 1: as the California of course, trying to lead the way. 345 00:16:39,600 --> 00:16:42,440 Speaker 1: Good ole Gavern Newsom is also pushing these things. And 346 00:16:42,840 --> 00:16:44,400 Speaker 1: part of the way that they've been able to manipulate 347 00:16:44,440 --> 00:16:48,040 Speaker 1: the prices down has been draining the US strategic petroleum reserves, 348 00:16:48,320 --> 00:16:49,120 Speaker 1: dumping oil. 349 00:16:49,640 --> 00:16:50,920 Speaker 2: We've talked about this extensively. 350 00:16:51,000 --> 00:16:53,280 Speaker 1: You know, I was talking with somebody earlier talking about, 351 00:16:53,320 --> 00:16:57,320 Speaker 1: you know, the importance of having a backup plan, having savings, 352 00:16:57,360 --> 00:16:59,960 Speaker 1: just like you would have savings. Hopefully you have savings 353 00:17:00,120 --> 00:17:03,120 Speaker 1: break account. The United States had savings of oil in 354 00:17:03,160 --> 00:17:09,000 Speaker 1: a strategic petroleum reserve, and now it looks like oil 355 00:17:09,040 --> 00:17:13,399 Speaker 1: prices are going back up. So you know, one of 356 00:17:13,440 --> 00:17:15,399 Speaker 1: the oldest rules of investing is that you're supposed to 357 00:17:15,400 --> 00:17:18,359 Speaker 1: buy low and sell high. And when Biden decided to 358 00:17:18,440 --> 00:17:21,919 Speaker 1: dump all the barrels of oil, he was selling them low. 359 00:17:22,400 --> 00:17:24,440 Speaker 1: And now it looks like we'll be forced to buy 360 00:17:24,480 --> 00:17:28,399 Speaker 1: them back high, if at all. And this is just 361 00:17:28,440 --> 00:17:31,679 Speaker 1: another drag on the economy. So it looks like at 362 00:17:31,680 --> 00:17:34,760 Speaker 1: this point the outlook for the economy looks like all 363 00:17:34,800 --> 00:17:38,040 Speaker 1: indicators are pointing to a recession coming by this summer. 364 00:17:38,480 --> 00:17:39,560 Speaker 2: So buckle up. 365 00:17:39,400 --> 00:17:42,119 Speaker 1: And prepare for that because it's certainly coming. If you 366 00:17:42,240 --> 00:17:43,680 Speaker 1: just tune in, you're listening to the Mark Mas Show 367 00:17:43,720 --> 00:17:46,080 Speaker 1: running through some of the latest breaking news headlines this week, 368 00:17:46,240 --> 00:17:48,440 Speaker 1: so we can stay on top of this decentralized revolution 369 00:17:48,480 --> 00:17:51,119 Speaker 1: that's happening right before our very eyes. I got a 370 00:17:51,119 --> 00:17:52,399 Speaker 1: whole lot more to cover when I come back. I'm 371 00:17:52,440 --> 00:17:53,920 Speaker 1: gonna take a quick break and I'll be right back, 372 00:17:53,960 --> 00:17:59,680 Speaker 1: So don't go away, all. 373 00:17:59,640 --> 00:18:00,240 Speaker 2: Right, Welcome back. 374 00:18:00,240 --> 00:18:01,760 Speaker 1: If you just tune in, you are listening to the 375 00:18:01,840 --> 00:18:04,720 Speaker 1: Mark Mass Show. Of course, we're talking about the decentralized revolution. 376 00:18:04,760 --> 00:18:07,840 Speaker 1: We're running through the latest breaking news headlines to show 377 00:18:07,880 --> 00:18:10,840 Speaker 1: you how this world is changing right before eyes. Of course, 378 00:18:10,960 --> 00:18:13,919 Speaker 1: hopefully you get some actionable intel so you know what 379 00:18:13,960 --> 00:18:16,160 Speaker 1: to do, how to navigate this properly to protect your 380 00:18:16,200 --> 00:18:19,160 Speaker 1: wealth and your freedom. Now, one of the things that's 381 00:18:19,200 --> 00:18:21,080 Speaker 1: been all over the news for the last couple of weeks, 382 00:18:21,080 --> 00:18:23,159 Speaker 1: and I've been talking about each and every week, but I'm. 383 00:18:23,040 --> 00:18:24,040 Speaker 2: Trying to keep you up the date. 384 00:18:24,080 --> 00:18:27,480 Speaker 1: Here is this whole narrative of this d dollarization. It's 385 00:18:27,520 --> 00:18:29,359 Speaker 1: been all over the news for the last couple of weeks. 386 00:18:30,040 --> 00:18:34,040 Speaker 1: Everyone's dumping the dollars, the US is losing the reserve status, 387 00:18:34,200 --> 00:18:36,000 Speaker 1: China's picking up the wand is going to be the 388 00:18:36,000 --> 00:18:38,440 Speaker 1: new currency, and on and on and on. Now it's 389 00:18:38,480 --> 00:18:42,720 Speaker 1: certainly a very sensational headline to talk about, and that's 390 00:18:42,720 --> 00:18:46,000 Speaker 1: why I'm talking about it. But it's also in my opinion, 391 00:18:46,040 --> 00:18:49,240 Speaker 1: potentially a little bit overblown. So I like to separate 392 00:18:49,280 --> 00:18:52,440 Speaker 1: the fact from the fiction here. But there's a couple 393 00:18:52,440 --> 00:18:54,440 Speaker 1: of things that you do need to know, and there's 394 00:18:54,480 --> 00:18:56,360 Speaker 1: a new report that came out this week from the 395 00:18:56,400 --> 00:19:00,480 Speaker 1: IMF International Monetary Fund. It's sort of like the bank 396 00:19:00,560 --> 00:19:03,480 Speaker 1: above all the central banks. They're the ones that kind 397 00:19:03,520 --> 00:19:07,600 Speaker 1: of drive global economic policy. They give loans to all 398 00:19:07,600 --> 00:19:10,440 Speaker 1: these different nations when they need them. Of course, that's 399 00:19:11,240 --> 00:19:14,159 Speaker 1: economic warfare or terrorism so to speak. That might be 400 00:19:14,160 --> 00:19:17,080 Speaker 1: a whole nother subject to get into, which maybe we 401 00:19:17,119 --> 00:19:20,240 Speaker 1: should schedule a whole show to talk about that. I 402 00:19:20,240 --> 00:19:22,600 Speaker 1: think there was a book called The Confessions of an 403 00:19:22,600 --> 00:19:25,480 Speaker 1: Economic Hitman which basically kind of explains what the IMF 404 00:19:25,560 --> 00:19:29,360 Speaker 1: does with these predatory loans, putting nations into servitude by 405 00:19:32,119 --> 00:19:37,480 Speaker 1: potentially causing them to have heart extreme hardship which causes 406 00:19:37,520 --> 00:19:41,280 Speaker 1: them to need the money, then moving into provide those loans, 407 00:19:41,480 --> 00:19:43,840 Speaker 1: and then of course, as the Book of Proverbs tells us, 408 00:19:43,880 --> 00:19:46,520 Speaker 1: that the borrow is now serving to the lender, and 409 00:19:46,560 --> 00:19:48,320 Speaker 1: that's kind of how it happens. But anyway, back to 410 00:19:48,359 --> 00:19:51,680 Speaker 1: the IMF, they put out a report this week warning 411 00:19:52,119 --> 00:19:55,480 Speaker 1: of lower economic growth that we already talked about in 412 00:19:55,480 --> 00:19:57,960 Speaker 1: this previous second before the commercial how the US appears 413 00:19:58,000 --> 00:20:01,359 Speaker 1: to be going into a recession appears to be that 414 00:20:01,440 --> 00:20:04,000 Speaker 1: will be probably well into that recession this summer by 415 00:20:04,040 --> 00:20:06,040 Speaker 1: the end of this summer. But now the IMF is 416 00:20:06,080 --> 00:20:09,760 Speaker 1: reporting that the entire world is going into a period 417 00:20:09,800 --> 00:20:12,399 Speaker 1: of lower growth ahead. As a matter of fact, the 418 00:20:12,400 --> 00:20:16,359 Speaker 1: IMF's medium term outlook is the weakest that it's been 419 00:20:17,000 --> 00:20:18,760 Speaker 1: in over thirty years. 420 00:20:18,840 --> 00:20:20,520 Speaker 2: It's pretty important, you. 421 00:20:20,480 --> 00:20:22,080 Speaker 1: Know, I say this all the time, you know, talking 422 00:20:22,080 --> 00:20:23,320 Speaker 1: about this decentralized revolution. 423 00:20:23,359 --> 00:20:24,119 Speaker 2: The world is changing. 424 00:20:24,160 --> 00:20:26,440 Speaker 1: We're going into a world that's different from the world 425 00:20:26,440 --> 00:20:28,199 Speaker 1: that we've been in, and so most of us have 426 00:20:28,280 --> 00:20:30,560 Speaker 1: been in this period that I like to say is 427 00:20:30,600 --> 00:20:33,280 Speaker 1: sort of like this anomaly in history. It's been an 428 00:20:33,359 --> 00:20:39,600 Speaker 1: era of extreme peace and global cooperation, and that's allowed 429 00:20:39,640 --> 00:20:44,320 Speaker 1: for economic growth. But the problem is is that fifty 430 00:20:44,400 --> 00:20:47,240 Speaker 1: years ago we got off of the gold standard. We've 431 00:20:47,240 --> 00:20:49,600 Speaker 1: been in this age of fiat money, and we've printed 432 00:20:49,800 --> 00:20:53,600 Speaker 1: hundreds and hundreds and hundreds of trillions of dollars of 433 00:20:54,359 --> 00:20:56,080 Speaker 1: assets out of thin air. As a matter of fact, 434 00:20:56,119 --> 00:20:58,560 Speaker 1: just in the derivatives markets alone, there's something like over 435 00:20:58,600 --> 00:21:03,240 Speaker 1: a quadrillion whatever that is, like a quadrillion dollars worth 436 00:21:03,280 --> 00:21:05,600 Speaker 1: of derivatives in that market, and all of that has 437 00:21:05,640 --> 00:21:07,560 Speaker 1: come in the last fifty years, and we're starting to 438 00:21:07,640 --> 00:21:08,720 Speaker 1: see the effects of that. 439 00:21:08,760 --> 00:21:09,480 Speaker 2: I mean, we've been. 440 00:21:09,320 --> 00:21:11,560 Speaker 1: Seeing the effects for a long time, but they're really 441 00:21:11,640 --> 00:21:14,159 Speaker 1: hitting us hard right now. And it's interesting that the 442 00:21:14,200 --> 00:21:18,359 Speaker 1: IMF's outlook is the weakest it's been now in over 443 00:21:18,600 --> 00:21:19,359 Speaker 1: thirty years. 444 00:21:19,400 --> 00:21:19,640 Speaker 2: Now. 445 00:21:19,720 --> 00:21:22,359 Speaker 1: The entire world is being ravaged by inflation, not just 446 00:21:22,400 --> 00:21:25,639 Speaker 1: the United States, and that is because the increase in 447 00:21:25,680 --> 00:21:27,480 Speaker 1: the money supply. I talk about this all the time. 448 00:21:27,480 --> 00:21:29,119 Speaker 1: I don't want to go super deep into that, but 449 00:21:29,720 --> 00:21:33,040 Speaker 1: you know, we've been kind of taught that today. I 450 00:21:33,080 --> 00:21:35,480 Speaker 1: don't want to say taught because nobody teaches us about this. 451 00:21:35,920 --> 00:21:37,880 Speaker 1: But the narrative that you hear all over the news 452 00:21:37,920 --> 00:21:41,399 Speaker 1: is inflation. Inflation inflation, but inflation being prices of goods 453 00:21:41,400 --> 00:21:46,440 Speaker 1: and services going up. Per the Austrian definition, it's inflation 454 00:21:46,520 --> 00:21:49,040 Speaker 1: is when the money supply increases. And so when you 455 00:21:49,240 --> 00:21:51,160 Speaker 1: increase the money supply like we have in the last 456 00:21:51,160 --> 00:21:54,560 Speaker 1: fifty years, rapidly increasing the money supply, then you have 457 00:21:54,600 --> 00:21:57,320 Speaker 1: more money chasing goods and services. So then the price 458 00:21:57,400 --> 00:22:00,240 Speaker 1: of all those goods and services go up. So inflation 459 00:22:00,359 --> 00:22:02,520 Speaker 1: is a big problem in the United States, but because 460 00:22:02,560 --> 00:22:07,200 Speaker 1: we have the reserve currency status, we have the benefit 461 00:22:07,280 --> 00:22:10,560 Speaker 1: to basically offshore most of that inflation. But the rest 462 00:22:10,560 --> 00:22:13,000 Speaker 1: of the world, they're suffering from inflation big time. And 463 00:22:13,000 --> 00:22:14,760 Speaker 1: as a matter of fact, that's what the IMF report 464 00:22:14,800 --> 00:22:19,240 Speaker 1: was talking about, how inflation is ravaging the world, how 465 00:22:19,280 --> 00:22:23,400 Speaker 1: that's lowering growth because prices are so high as stunting 466 00:22:23,480 --> 00:22:28,040 Speaker 1: growth now and they're claiming that inflation won't return within 467 00:22:28,280 --> 00:22:34,240 Speaker 1: target ranges before twenty twenty five. Now I would disagree 468 00:22:34,240 --> 00:22:35,920 Speaker 1: with that. I would say they're not going to return 469 00:22:35,960 --> 00:22:40,080 Speaker 1: to target ranges this decade, not unless they, of course 470 00:22:40,240 --> 00:22:42,280 Speaker 1: go back and change the way they count them, which 471 00:22:42,359 --> 00:22:44,120 Speaker 1: of course they will. They already are in the United States, 472 00:22:44,119 --> 00:22:47,399 Speaker 1: they're already doing that. But in this IMF report that 473 00:22:47,440 --> 00:22:50,360 Speaker 1: said it won't return to ranges before twenty twenty five, 474 00:22:51,400 --> 00:22:54,760 Speaker 1: but they also highlighted a new threat to global growth, 475 00:22:55,280 --> 00:22:57,320 Speaker 1: and that is exactly what we talk about on the 476 00:22:57,320 --> 00:23:02,080 Speaker 1: show every week. In their words, quote g economic fragmentation. 477 00:23:04,200 --> 00:23:07,440 Speaker 1: I call it the decentralized revolution. They call it geoeconomic fragmentation. 478 00:23:07,520 --> 00:23:10,679 Speaker 1: So basically, instead of the entire world working together on 479 00:23:10,760 --> 00:23:14,280 Speaker 1: a global reserve currency, having free, free and open trade, 480 00:23:14,480 --> 00:23:17,440 Speaker 1: instead we'll have this fragmentation where each country is out 481 00:23:17,440 --> 00:23:21,160 Speaker 1: for themselves, every every nation wants to use their own currency, 482 00:23:21,520 --> 00:23:23,840 Speaker 1: every nation wants to worry about their own people. 483 00:23:24,080 --> 00:23:24,760 Speaker 2: And instead of this. 484 00:23:24,720 --> 00:23:28,000 Speaker 1: World where we have these just in time supply chains 485 00:23:28,080 --> 00:23:30,720 Speaker 1: where everybody's supplying things to everybody, it's now going to 486 00:23:30,760 --> 00:23:33,480 Speaker 1: be just in case, I've better hold on these assets, 487 00:23:33,520 --> 00:23:37,000 Speaker 1: these commodities, just in case I need them. And that's 488 00:23:37,040 --> 00:23:39,560 Speaker 1: exactly what the IMF is saying. So backing me up there, 489 00:23:39,600 --> 00:23:42,800 Speaker 1: good job, IMF. The decentralized revolution is real. They say, 490 00:23:42,840 --> 00:23:46,240 Speaker 1: that's the number one threat to global growth, geoeconomic fragmentation. 491 00:23:47,040 --> 00:23:49,040 Speaker 1: And what we can see based off of this information 492 00:23:49,119 --> 00:23:52,800 Speaker 1: are already in front of this information is boardrooms and 493 00:23:52,840 --> 00:23:57,240 Speaker 1: cabinets are watching this, and the IMF is basically saying, 494 00:23:57,280 --> 00:23:58,840 Speaker 1: kind of what I said before, it's like this self 495 00:23:58,840 --> 00:24:02,280 Speaker 1: fulfilling prophecy where they're watching this and they start to 496 00:24:02,280 --> 00:24:06,720 Speaker 1: tighten their belts in anticipation of tougher times. But then 497 00:24:06,760 --> 00:24:10,280 Speaker 1: in turn, this brings the very slow down that they 498 00:24:10,280 --> 00:24:14,360 Speaker 1: were trying to warn about so the self fulfilling prophecy. 499 00:24:15,080 --> 00:24:19,040 Speaker 1: Now good old Treasury Secretary Janet Yellen. She told everybody 500 00:24:19,040 --> 00:24:22,360 Speaker 1: to take a chill pill. Hey, pause with all this 501 00:24:22,400 --> 00:24:26,719 Speaker 1: recession stuff. As she says, quote, the outlook is reasonably bright, 502 00:24:27,040 --> 00:24:30,399 Speaker 1: she says end quote. Well, I hate to say it, 503 00:24:30,400 --> 00:24:33,600 Speaker 1: but Jane Yellen is not reasonably bright. As a matter 504 00:24:33,640 --> 00:24:38,200 Speaker 1: of fact, she's very book smart. She's been at the 505 00:24:38,280 --> 00:24:42,119 Speaker 1: highest level of educational institutions for most of her career, 506 00:24:42,520 --> 00:24:44,760 Speaker 1: and she could probably get into modern monetary theory and 507 00:24:44,840 --> 00:24:48,080 Speaker 1: Kensey in economics much better than I could. She's not 508 00:24:48,200 --> 00:24:51,320 Speaker 1: extremely bright in how the world actually works, having never 509 00:24:51,520 --> 00:24:54,800 Speaker 1: probably tried to ever run a household, She's proably never 510 00:24:54,800 --> 00:24:57,280 Speaker 1: bounced a budget. She's certainly never ran a business. She's 511 00:24:57,280 --> 00:25:04,919 Speaker 1: a professional teacher and unfortunately put maybe partly to do 512 00:25:04,960 --> 00:25:06,320 Speaker 1: with her age. And I'm sorry, if you're an old 513 00:25:06,320 --> 00:25:08,440 Speaker 1: person you take offense to this, but I don't think 514 00:25:08,520 --> 00:25:10,359 Speaker 1: she's all there. As a matter of fact, I listened 515 00:25:10,359 --> 00:25:13,439 Speaker 1: to this interview with her yesterday and she just can't 516 00:25:13,480 --> 00:25:17,280 Speaker 1: even seem to get a coherent sentence out. She can't 517 00:25:17,320 --> 00:25:21,879 Speaker 1: even answer very very basic questions, certainly not answer them straight. 518 00:25:22,240 --> 00:25:24,280 Speaker 1: Maybe part of it is deflecting away from the answer. 519 00:25:24,840 --> 00:25:28,480 Speaker 1: But to listen to her tell us that it's reasonably 520 00:25:28,480 --> 00:25:30,800 Speaker 1: bright doesn't bring a lot of confidence. 521 00:25:30,840 --> 00:25:32,120 Speaker 2: As a matter of fact, she. 522 00:25:32,119 --> 00:25:34,560 Speaker 1: Said in twenty seventeen that she didn't think we would 523 00:25:34,560 --> 00:25:39,359 Speaker 1: see another financial crisis in our lifetimes. Well, we're certainly there. 524 00:25:39,800 --> 00:25:41,480 Speaker 1: So she's been wrong over. 525 00:25:41,320 --> 00:25:41,800 Speaker 2: And over again. 526 00:25:41,840 --> 00:25:43,320 Speaker 1: I don't know why we continue to listen to her. 527 00:25:43,800 --> 00:25:46,399 Speaker 1: And so we can see signs that the dollar is dying. 528 00:25:46,520 --> 00:25:50,520 Speaker 1: It's putting this massive tailwind, this geoeconomic fragmentation. 529 00:25:50,960 --> 00:25:52,400 Speaker 2: We're as we've been told. 530 00:25:52,840 --> 00:25:56,600 Speaker 1: The IMF also warns that China's currency could create risk 531 00:25:56,680 --> 00:26:02,720 Speaker 1: for the entire financial system Doctor Doom economist Nora Rubini. 532 00:26:03,280 --> 00:26:05,760 Speaker 1: He predicts that the global reserve currency system is shifting 533 00:26:05,840 --> 00:26:09,760 Speaker 1: again from a unipolar to a bipolar world again, as 534 00:26:09,800 --> 00:26:13,040 Speaker 1: I call it the decentralized revolution. He expects most countries 535 00:26:13,040 --> 00:26:15,120 Speaker 1: that attempt to reduce their reliance on the US dollar 536 00:26:15,200 --> 00:26:18,679 Speaker 1: to move to the Chinese yuan as an alternative to 537 00:26:18,720 --> 00:26:22,280 Speaker 1: the US dollar. Now, because of this, we can see 538 00:26:22,280 --> 00:26:27,719 Speaker 1: shares of the yuan as a global currency have been growing, 539 00:26:28,560 --> 00:26:31,080 Speaker 1: but they're still tiny. As a matter of fact, we 540 00:26:31,200 --> 00:26:36,240 Speaker 1: know that a year ago, Chinese yuan made up about 541 00:26:36,240 --> 00:26:38,960 Speaker 1: two and a half percent of global trade. Now it's 542 00:26:39,000 --> 00:26:41,720 Speaker 1: about four and a half percent of global trade. 543 00:26:41,840 --> 00:26:44,560 Speaker 2: Now. The euro is at six percent, so it's catching 544 00:26:44,640 --> 00:26:45,240 Speaker 2: up to the euro. 545 00:26:45,560 --> 00:26:50,320 Speaker 1: But the US dollar is eighty six percent. But that's 546 00:26:50,359 --> 00:26:53,600 Speaker 1: a reserve currency. Now we have a reserve currency. We 547 00:26:53,680 --> 00:26:56,640 Speaker 1: also have a reserve asset. Now the asset is where 548 00:26:56,640 --> 00:26:58,960 Speaker 1: they store their wealth. Now, what we can see is 549 00:26:58,960 --> 00:27:01,640 Speaker 1: that central banks over the last ten years have been 550 00:27:01,680 --> 00:27:06,080 Speaker 1: buying less and less treasuries US dollars. That's been going down, 551 00:27:06,480 --> 00:27:09,160 Speaker 1: and they've been buying more gold. As a matter of fact, 552 00:27:09,400 --> 00:27:13,440 Speaker 1: gold more gold was purchased by the central banks last 553 00:27:13,520 --> 00:27:16,960 Speaker 1: quarter than any time in history. So that's the trend. 554 00:27:17,280 --> 00:27:20,719 Speaker 1: They're dumping dollars, they're buying gold. However, this is going 555 00:27:20,800 --> 00:27:24,320 Speaker 1: to take decades to play out. I got more headlines 556 00:27:24,320 --> 00:27:25,640 Speaker 1: to cover. When I come back in a second, I'm 557 00:27:25,640 --> 00:27:27,720 Speaker 1: gonna take quick break. Don't go away, I'll be right back, 558 00:27:29,119 --> 00:27:30,600 Speaker 1: all right, Welcome back. If you just tune in, you're 559 00:27:30,640 --> 00:27:32,760 Speaker 1: listening to the Mark Mass Show. Of course, we're talking 560 00:27:32,760 --> 00:27:36,639 Speaker 1: about the decentralized Revolution. In the previous segment, I was 561 00:27:36,640 --> 00:27:38,840 Speaker 1: talking about this new IMF report that just came out, 562 00:27:40,080 --> 00:27:42,520 Speaker 1: and they were basically saying, one of the biggest headwinds 563 00:27:42,520 --> 00:27:44,639 Speaker 1: that we have in the world is the same thing, 564 00:27:44,680 --> 00:27:48,480 Speaker 1: and they called it, they called it geoeconomic fragmentation, whatever 565 00:27:48,520 --> 00:27:49,200 Speaker 1: you want to call it. 566 00:27:49,359 --> 00:27:51,679 Speaker 2: The world is breaking apart. You can see it everywhere 567 00:27:51,720 --> 00:27:52,560 Speaker 2: we look. Now. 568 00:27:53,200 --> 00:27:57,080 Speaker 1: A lot of people, myself included, are concerned about the 569 00:27:57,119 --> 00:27:59,880 Speaker 1: way the world is moving, the way the world is changing. 570 00:28:00,280 --> 00:28:01,760 Speaker 1: One of the things that we see in the United 571 00:28:01,800 --> 00:28:03,560 Speaker 1: States and all over the world for that matter, is. 572 00:28:03,480 --> 00:28:07,679 Speaker 2: This cultural war where values. 573 00:28:07,160 --> 00:28:10,360 Speaker 1: Are being pushed onto us that we don't want, we 574 00:28:10,440 --> 00:28:13,320 Speaker 1: don't like. And when you look at countries that have 575 00:28:13,359 --> 00:28:16,200 Speaker 1: gone through this, like the Bolshevik Revolution in Russia in 576 00:28:16,240 --> 00:28:19,080 Speaker 1: the early nineteen hundreds, like Mao's Great Leap Forward in 577 00:28:19,160 --> 00:28:21,639 Speaker 1: China in the mid nineteen hundreds, and the forties and 578 00:28:21,640 --> 00:28:28,480 Speaker 1: the fifties, they go through these cultural wars. And it's 579 00:28:28,560 --> 00:28:34,480 Speaker 1: my opinion that the governments stoke these cultural wars to 580 00:28:34,600 --> 00:28:37,199 Speaker 1: get us all fighting each other so they can have 581 00:28:37,240 --> 00:28:41,760 Speaker 1: their way with us. But it's important to understand that 582 00:28:42,320 --> 00:28:45,120 Speaker 1: the governments and good old Klaus Schwab and the world 583 00:28:45,120 --> 00:28:46,360 Speaker 1: econmic form don't have. 584 00:28:46,320 --> 00:28:47,440 Speaker 2: The power over us. 585 00:28:49,160 --> 00:28:50,680 Speaker 1: They only have the power of us because we let 586 00:28:50,680 --> 00:28:53,200 Speaker 1: them have the power of us. Klaus Schwab wants to 587 00:28:53,200 --> 00:28:55,520 Speaker 1: push something called a public private partnership. We can see 588 00:28:55,520 --> 00:28:57,120 Speaker 1: this where they want to use the governments and the 589 00:28:57,120 --> 00:29:01,840 Speaker 1: businesses together to change the world. But as I like 590 00:29:01,880 --> 00:29:04,800 Speaker 1: to say, you and I have the power, not the corporations, 591 00:29:04,840 --> 00:29:08,000 Speaker 1: because the corporations are owned by shareholders, which are you 592 00:29:08,080 --> 00:29:10,920 Speaker 1: and I. Now Blackrock is the biggest shareholder. But of 593 00:29:10,960 --> 00:29:15,280 Speaker 1: course whose money does Blackrock have? That would be we 594 00:29:15,440 --> 00:29:19,600 Speaker 1: the people. They have your pension fund, your four one case, 595 00:29:19,600 --> 00:29:23,240 Speaker 1: so they're making decisions with your money. But it's up 596 00:29:23,280 --> 00:29:28,400 Speaker 1: to entrepreneurs to step up and provide alternatives. Like Vivik Ramaswami, 597 00:29:28,400 --> 00:29:31,320 Speaker 1: who's now running for president, started Strive Asset Management to 598 00:29:31,440 --> 00:29:35,600 Speaker 1: compete against Blackrock to give us an option to vote 599 00:29:35,600 --> 00:29:37,600 Speaker 1: with our money. So we need we need entrepreneurs to 600 00:29:37,680 --> 00:29:38,480 Speaker 1: step up. 601 00:29:38,680 --> 00:29:40,800 Speaker 2: And provide the alternative. 602 00:29:41,120 --> 00:29:44,040 Speaker 1: We need entrepreneurs to step up and create companies that 603 00:29:44,160 --> 00:29:47,040 Speaker 1: compete with these companies we don't like. And it's more 604 00:29:47,040 --> 00:29:49,640 Speaker 1: important even for us as consumers to now support those 605 00:29:49,680 --> 00:29:53,040 Speaker 1: companies that are giving us those options. You know. One 606 00:29:53,120 --> 00:29:56,240 Speaker 1: good example is what's been all over the news headlines 607 00:29:56,280 --> 00:29:58,360 Speaker 1: this week is what bud Light. 608 00:29:58,400 --> 00:29:59,440 Speaker 2: What happened with bud Light? 609 00:30:00,120 --> 00:30:02,560 Speaker 1: So Budweiser, Anheuser Bush, you know, it's been around in 610 00:30:02,560 --> 00:30:04,680 Speaker 1: the United States. It kind of runs on this like 611 00:30:04,800 --> 00:30:07,720 Speaker 1: it seems like this kind of pro American campaign that 612 00:30:07,840 --> 00:30:11,560 Speaker 1: got the Clydesdale's out there on the street. But they 613 00:30:11,640 --> 00:30:17,120 Speaker 1: really went in a different direction this week by running 614 00:30:17,120 --> 00:30:23,680 Speaker 1: an entire campaign with Dylan Muvaney, who is a biological 615 00:30:23,760 --> 00:30:26,680 Speaker 1: male that's running around as a female, a drag queen, 616 00:30:28,160 --> 00:30:33,360 Speaker 1: and Budweiser decided to fully embrace that, put his face 617 00:30:33,440 --> 00:30:37,040 Speaker 1: all over the can start running all this advertisement with that, 618 00:30:38,000 --> 00:30:43,640 Speaker 1: and a lot of people don't like it. Now, as 619 00:30:43,680 --> 00:30:47,160 Speaker 1: a brand, you're trying to appeal to customers, and apparently 620 00:30:47,200 --> 00:30:49,400 Speaker 1: the head of marketing decided that they wanted to be 621 00:30:49,560 --> 00:30:53,200 Speaker 1: more inclusive and they thought that they should reach across 622 00:30:53,240 --> 00:30:57,480 Speaker 1: the aisle and apparently using a drag queen and putting 623 00:30:57,480 --> 00:30:58,880 Speaker 1: them all over cans was going to be the way 624 00:30:58,880 --> 00:31:01,680 Speaker 1: they would be able to do that. The problem is 625 00:31:01,680 --> 00:31:04,640 Speaker 1: they weren't really prepared for the backlash that happened. We 626 00:31:04,680 --> 00:31:09,600 Speaker 1: saw Kid Rock, you know, made a video on Instagram 627 00:31:09,880 --> 00:31:11,720 Speaker 1: with a gun shooting a whole bunch of bud Light. 628 00:31:12,200 --> 00:31:15,120 Speaker 1: We've seen people dumping out pouring bud Light everywhere, and 629 00:31:15,200 --> 00:31:19,920 Speaker 1: we've seen bud Light has lost over four billion dollars 630 00:31:20,200 --> 00:31:24,560 Speaker 1: since making making that move. Now, the thing that's important 631 00:31:24,800 --> 00:31:28,840 Speaker 1: to here is not so much what's happening with bud 632 00:31:28,920 --> 00:31:31,360 Speaker 1: Light or even specifically into the trans movement or whatever. 633 00:31:31,400 --> 00:31:35,080 Speaker 1: The point here is that us as consumers need to 634 00:31:35,160 --> 00:31:39,560 Speaker 1: vote with our money. So if you're happy with that move, 635 00:31:40,440 --> 00:31:43,560 Speaker 1: if you like bud Light using a drag queen and 636 00:31:43,600 --> 00:31:46,360 Speaker 1: putting their face all over cans, then you should certainly 637 00:31:46,400 --> 00:31:49,440 Speaker 1: go buy bud Light and vote with your money over there. However, 638 00:31:49,560 --> 00:31:53,040 Speaker 1: if you don't like that, if you don't think that's appropriate, 639 00:31:53,080 --> 00:31:55,400 Speaker 1: then you should not be giving your money to bud Light. 640 00:31:56,360 --> 00:31:59,080 Speaker 1: And more importantly, what we need is we need entrepreneurs 641 00:31:59,080 --> 00:32:03,080 Speaker 1: to step up and create the counter to that. So 642 00:32:04,200 --> 00:32:07,320 Speaker 1: we see that craft beer is massive in the United States, 643 00:32:07,360 --> 00:32:10,840 Speaker 1: for example, So if you're an entrepreneur and you have 644 00:32:10,880 --> 00:32:13,960 Speaker 1: a beer company, what you might want to do is 645 00:32:14,040 --> 00:32:16,960 Speaker 1: now promote your beer company as the counter to that, 646 00:32:18,000 --> 00:32:20,640 Speaker 1: as a different set of values. Okay, if bud Light 647 00:32:20,720 --> 00:32:24,520 Speaker 1: wants to be the brand for trans you know, trans 648 00:32:24,520 --> 00:32:27,160 Speaker 1: and drag queens. Okay, fine, let them be that, and 649 00:32:27,200 --> 00:32:30,160 Speaker 1: then let's start another beer company that's for traditional values. 650 00:32:31,320 --> 00:32:33,600 Speaker 1: We need entrepreneurs to step up and fill that void. 651 00:32:33,640 --> 00:32:36,200 Speaker 1: Then us as consumers need to step up and vote 652 00:32:36,200 --> 00:32:41,400 Speaker 1: with our money. Unfortunately we've had this. I don't know, 653 00:32:41,440 --> 00:32:43,240 Speaker 1: I haven't done enough research into this, and I don't 654 00:32:43,240 --> 00:32:48,080 Speaker 1: know if we'll ever really know. Apparently the top brass 655 00:32:48,120 --> 00:32:51,080 Speaker 1: at bud Light have come out and sort of disavowed this, saying, hey, 656 00:32:51,280 --> 00:32:52,560 Speaker 1: we didn't make these decisions. 657 00:32:52,600 --> 00:32:53,880 Speaker 2: We were never apprized of this. 658 00:32:53,960 --> 00:32:56,840 Speaker 1: We didn't know that they were going to hire this 659 00:32:56,880 --> 00:32:59,600 Speaker 1: trans person to put them on the on the on 660 00:32:59,640 --> 00:33:02,440 Speaker 1: the camp. This was made that this low level decision, 661 00:33:02,480 --> 00:33:04,480 Speaker 1: So they're trying to sort of like distance themselves from this. 662 00:33:05,960 --> 00:33:08,080 Speaker 1: Of course, it doesn't help that they lost four billion dollars, 663 00:33:08,080 --> 00:33:10,280 Speaker 1: so they're trying to anything they can to do damage control. 664 00:33:11,400 --> 00:33:13,560 Speaker 1: But I think it's important to understand, like I said, 665 00:33:13,600 --> 00:33:14,920 Speaker 1: if this is where they want to put their money, 666 00:33:14,960 --> 00:33:16,360 Speaker 1: this is where they want to align their values, then 667 00:33:16,400 --> 00:33:17,960 Speaker 1: they have to choose to do that. But the problem 668 00:33:18,080 --> 00:33:20,600 Speaker 1: is by trying to be more inclusive with a small 669 00:33:20,640 --> 00:33:23,280 Speaker 1: group of people, they've excluded a larger group of people. 670 00:33:23,720 --> 00:33:26,920 Speaker 1: Now what, I don't know, but it appears that it 671 00:33:27,000 --> 00:33:30,760 Speaker 1: could be maybe potentially some of the problems that they've 672 00:33:30,760 --> 00:33:34,520 Speaker 1: had is that these big corporations are being squeezed by 673 00:33:34,560 --> 00:33:37,320 Speaker 1: the government. Remember public private partnerships, you have the governments 674 00:33:37,360 --> 00:33:41,080 Speaker 1: and the businesses working together. So they're pushing these ESG 675 00:33:41,160 --> 00:33:44,800 Speaker 1: and DEI narratives on them, meaning that they're in order 676 00:33:44,880 --> 00:33:46,880 Speaker 1: to be a good company and good standing with the government, 677 00:33:46,880 --> 00:33:49,760 Speaker 1: in order to get financing from the bank, in order 678 00:33:49,800 --> 00:33:53,760 Speaker 1: to get stocks to be purchased and recommended by Wall Street, 679 00:33:54,040 --> 00:33:57,640 Speaker 1: then you have to meet these DEI and these ESG goals. 680 00:33:59,160 --> 00:34:04,040 Speaker 1: So it might be that these big companies maybe don't 681 00:34:04,080 --> 00:34:06,040 Speaker 1: want to do this. It could be I don't know, 682 00:34:06,480 --> 00:34:08,000 Speaker 1: it could be that they don't want to do this, 683 00:34:08,080 --> 00:34:11,000 Speaker 1: but they're almost really being forced to do this because 684 00:34:11,280 --> 00:34:14,360 Speaker 1: if they don't do it, then they'll get shunned. They 685 00:34:14,400 --> 00:34:16,520 Speaker 1: could potentially lose their tax breaks, they could potentially be 686 00:34:16,800 --> 00:34:19,040 Speaker 1: you know, targeted by the government. They could they could 687 00:34:19,080 --> 00:34:22,239 Speaker 1: potentially be losing their credit lines, their bank accounts, they're 688 00:34:22,600 --> 00:34:25,439 Speaker 1: funding all those types of things if they don't do 689 00:34:25,520 --> 00:34:28,880 Speaker 1: these things because of these DEI and the ESG mandates 690 00:34:28,920 --> 00:34:30,359 Speaker 1: that are put in. Now, I'm not trying to run 691 00:34:30,440 --> 00:34:33,239 Speaker 1: cover for bud Light. It doesn't matter to me. If 692 00:34:33,280 --> 00:34:36,279 Speaker 1: they've caved because of those, then they have to deal 693 00:34:36,320 --> 00:34:39,560 Speaker 1: with the consequences of that, and again, the economic voting, 694 00:34:39,640 --> 00:34:44,879 Speaker 1: the capitalist system will will correct this. Okay, so fine, 695 00:34:44,920 --> 00:34:47,600 Speaker 1: bud Light. Potentially maybe they are pressured by these DEI 696 00:34:47,600 --> 00:34:52,320 Speaker 1: and ESG narratives to do this. Then they were hoping 697 00:34:52,640 --> 00:34:56,280 Speaker 1: that by using these narratives, or by hitting these agenda goals, 698 00:34:56,440 --> 00:34:58,080 Speaker 1: that they would continue to be in good graces with 699 00:34:58,080 --> 00:35:02,040 Speaker 1: the government in Wall Street. But what they forgot was 700 00:35:02,080 --> 00:35:07,120 Speaker 1: it was the consumers that drive the market. So what 701 00:35:07,239 --> 00:35:09,920 Speaker 1: should happen in a free market. Great, you did that, 702 00:35:10,040 --> 00:35:12,600 Speaker 1: you cave to pressure because of whatever reason you made 703 00:35:12,600 --> 00:35:15,239 Speaker 1: those decisions. Now you're forced to deal with that. Now, 704 00:35:15,320 --> 00:35:17,719 Speaker 1: let's see entrepreneurs rise up, provide the counter to that. 705 00:35:18,080 --> 00:35:20,479 Speaker 1: Let's vote them out. Let's see these other companies get 706 00:35:20,560 --> 00:35:23,279 Speaker 1: the money. Let's see the other countries raise up, and 707 00:35:23,320 --> 00:35:25,080 Speaker 1: then see the negative effects over there. 708 00:35:25,120 --> 00:35:25,839 Speaker 2: This is what we've seen. 709 00:35:26,120 --> 00:35:28,680 Speaker 1: If you guys haven't checked out, I recommend it check 710 00:35:28,719 --> 00:35:30,560 Speaker 1: out Jeremy's Razors. 711 00:35:31,280 --> 00:35:32,080 Speaker 2: Just go to their website. 712 00:35:32,120 --> 00:35:35,400 Speaker 1: Read their story. That's exactly what they did. Ben Shapiro 713 00:35:35,440 --> 00:35:38,200 Speaker 1: was sponsored by a company called Harry's Raisers that was 714 00:35:38,239 --> 00:35:40,480 Speaker 1: pushing values they didn't like. So they started a new 715 00:35:40,520 --> 00:35:43,520 Speaker 1: company called Jeremy's Razors, which is the counter to that. 716 00:35:44,239 --> 00:35:48,400 Speaker 1: They now launched another one to counter Hershey's Chocolate Bars. 717 00:35:48,440 --> 00:35:51,880 Speaker 1: You all know Hershey's Chocolate Bars. Hershey's Chocolate Bars also 718 00:35:52,000 --> 00:35:55,800 Speaker 1: went woke and started pushing, you know, for these trans issues, 719 00:35:56,239 --> 00:35:59,520 Speaker 1: and so Jeremy's Raisers, an entrepreneur, stepped up to create 720 00:35:59,560 --> 00:36:03,080 Speaker 1: account to that. So it's worth checking out. They have 721 00:36:03,120 --> 00:36:04,960 Speaker 1: some really clever. 722 00:36:04,920 --> 00:36:05,920 Speaker 2: Ads on YouTube. 723 00:36:05,960 --> 00:36:09,040 Speaker 1: Just google that, or go on YouTube for Jeremy's Razors, 724 00:36:09,120 --> 00:36:11,799 Speaker 1: or just search I don't know Jeremy's Chocolate Bars, and 725 00:36:11,840 --> 00:36:12,520 Speaker 1: you'll see those. 726 00:36:12,640 --> 00:36:13,840 Speaker 2: But this is what we need. And so this is 727 00:36:13,920 --> 00:36:14,680 Speaker 2: my challenge to you. 728 00:36:15,520 --> 00:36:19,040 Speaker 1: If you're an entrepreneur, it's time for you to step up. 729 00:36:19,800 --> 00:36:23,239 Speaker 1: It's time for you to create the counter business to 730 00:36:23,440 --> 00:36:25,200 Speaker 1: counter the narrative that you don't like. 731 00:36:26,040 --> 00:36:28,160 Speaker 2: And if you're a consumer, my challenge to you is 732 00:36:28,200 --> 00:36:29,359 Speaker 2: to step up and. 733 00:36:29,320 --> 00:36:32,920 Speaker 1: Support these businesses that are giving you a chance to 734 00:36:33,040 --> 00:36:35,759 Speaker 1: vote with your money. I think you all know by now, 735 00:36:35,800 --> 00:36:38,040 Speaker 1: your vote at the booth doesn't mean as much as 736 00:36:38,040 --> 00:36:42,400 Speaker 1: it used to, but your economic vote has even more power. 737 00:36:42,640 --> 00:36:44,960 Speaker 1: So if you're an entrepreneur, step up and create these 738 00:36:44,960 --> 00:36:47,480 Speaker 1: business If you're a consumer, step up and support these businesses. 739 00:36:47,960 --> 00:36:50,359 Speaker 1: And I believe that we can have more change through 740 00:36:50,400 --> 00:36:53,359 Speaker 1: the economic comedians, through the capitalist system, than any other way, 741 00:36:53,360 --> 00:36:55,160 Speaker 1: and it can happen fast. If you're just tune in, 742 00:36:55,160 --> 00:36:57,640 Speaker 1: you're listening to the Mark Mas Show talking about the 743 00:36:57,760 --> 00:37:00,200 Speaker 1: decentralized revolution, of course, going on a rant of how 744 00:37:00,200 --> 00:37:01,479 Speaker 1: we can change things for the better. 745 00:37:01,800 --> 00:37:03,600 Speaker 2: That's what I got. Thanks so much for listening. Until 746 00:37:03,640 --> 00:37:04,000 Speaker 2: next time.