1 00:00:00,280 --> 00:00:02,639 Speaker 1: Hello, and welcome to another episode of The Mark mass Show. 2 00:00:02,720 --> 00:00:07,080 Speaker 1: And today I want to talk about being an intelligent investor. 3 00:00:07,160 --> 00:00:10,520 Speaker 1: Now we talk about money and freedom, we talk about 4 00:00:10,520 --> 00:00:14,200 Speaker 1: building well so you can ye build your freedom, build optionality, 5 00:00:14,440 --> 00:00:16,959 Speaker 1: secure your future. And today I want to talk about 6 00:00:17,000 --> 00:00:20,480 Speaker 1: specifically investing education, and I want to talk about some 7 00:00:20,560 --> 00:00:22,520 Speaker 1: mental models that we have, and I want to get 8 00:00:22,560 --> 00:00:25,800 Speaker 1: it from well. I pull a lot from good old 9 00:00:25,880 --> 00:00:28,160 Speaker 1: uncle Warren Buffett, but today we're going to pull from 10 00:00:28,200 --> 00:00:31,960 Speaker 1: Warren Buffett's mentor, and I'm talking about Benjamin Graham. Benjamin 11 00:00:31,960 --> 00:00:36,000 Speaker 1: Graham wrote a book called The Intelligent Investor, and if 12 00:00:36,000 --> 00:00:37,640 Speaker 1: you want to be a more intelligent investor, you should 13 00:00:37,640 --> 00:00:40,280 Speaker 1: go read the book. Now, it's an old book, but 14 00:00:40,360 --> 00:00:43,000 Speaker 1: there is still so much truth to it today and 15 00:00:43,040 --> 00:00:45,720 Speaker 1: that's why I've read it. I continue to go back 16 00:00:45,760 --> 00:00:48,040 Speaker 1: to it and pull information from it. It helps me 17 00:00:48,159 --> 00:00:51,520 Speaker 1: build mental models, mental frameworks that I think are super 18 00:00:51,560 --> 00:00:54,200 Speaker 1: timeless and important, and I think that you should as well. 19 00:00:54,200 --> 00:00:56,920 Speaker 1: And I'm going to pull out six today that I'm 20 00:00:56,920 --> 00:01:00,120 Speaker 1: going to share with you that helped me think about 21 00:01:00,120 --> 00:01:01,640 Speaker 1: the world, helped me to become a better investor, have 22 00:01:01,680 --> 00:01:05,560 Speaker 1: helped me to build multiple eight figure portfolios and they 23 00:01:05,600 --> 00:01:09,240 Speaker 1: can help you as well. So let's run through some 24 00:01:09,280 --> 00:01:12,959 Speaker 1: of these now. The first one is that price is 25 00:01:13,000 --> 00:01:17,080 Speaker 1: what you pay and value is what you get. Now, 26 00:01:17,280 --> 00:01:20,800 Speaker 1: what would you say if I had this backpack right here, 27 00:01:20,840 --> 00:01:23,200 Speaker 1: and I wanted to sell you this backpack for two 28 00:01:23,280 --> 00:01:27,840 Speaker 1: hundred dollars. Well, if you're answering that question in your head, 29 00:01:27,880 --> 00:01:29,800 Speaker 1: you would probably go, why the heck would I buy 30 00:01:29,800 --> 00:01:32,360 Speaker 1: a backpack from you for two hundred dollars when I 31 00:01:32,360 --> 00:01:34,600 Speaker 1: could just go online and buy one for fifty dollars? 32 00:01:35,520 --> 00:01:39,160 Speaker 1: Did you think that? If so, you're thinking unfortunately like 33 00:01:39,200 --> 00:01:42,479 Speaker 1: a non intelligent investor. You see, you thought about the 34 00:01:42,520 --> 00:01:45,960 Speaker 1: price of the backpack. I said it was two hundred dollars. 35 00:01:46,280 --> 00:01:50,160 Speaker 1: You thought the price of two hundred dollars sounded too expensive, 36 00:01:50,400 --> 00:01:52,680 Speaker 1: and you could go get a backpack for a lower 37 00:01:52,720 --> 00:01:56,880 Speaker 1: price of only fifty dollars. Price is what you pay, 38 00:01:58,000 --> 00:02:00,280 Speaker 1: but value is what you get. So to be become 39 00:02:00,320 --> 00:02:03,720 Speaker 1: an intelligent investor, you must think about the value. So 40 00:02:03,760 --> 00:02:08,000 Speaker 1: what I would ask is what type of backpack is it? 41 00:02:08,040 --> 00:02:10,880 Speaker 1: Is it a designer backpack? What is the backpack made 42 00:02:10,919 --> 00:02:14,280 Speaker 1: out of? I might ask what else I get with 43 00:02:14,440 --> 00:02:17,600 Speaker 1: the backpack? If I buy the backpack, do I get 44 00:02:17,639 --> 00:02:19,720 Speaker 1: access to some special club? Do I get to go 45 00:02:19,760 --> 00:02:23,560 Speaker 1: to some special event? I might ask what's inside the backpack? 46 00:02:24,080 --> 00:02:26,079 Speaker 1: What's in the backpack? Is there a gold bar? Is 47 00:02:26,120 --> 00:02:28,400 Speaker 1: there a bitcoin wallet with a bunch of bitcoin on it? 48 00:02:29,160 --> 00:02:31,920 Speaker 1: Is there a phone with you know, celebrities contacts in there? 49 00:02:32,280 --> 00:02:34,640 Speaker 1: What else do I get in the backpack? Do I 50 00:02:34,680 --> 00:02:37,280 Speaker 1: get with the backpack? What's the backpack made out of? 51 00:02:37,360 --> 00:02:41,000 Speaker 1: I want to understand the value because I might want 52 00:02:41,000 --> 00:02:43,280 Speaker 1: to pay to a two hundred might be a bargain. 53 00:02:44,240 --> 00:02:46,720 Speaker 1: If I said, Hey, I have this used car, it's 54 00:02:46,760 --> 00:02:49,080 Speaker 1: a couple of years old. I'll sell it to you 55 00:02:49,120 --> 00:02:51,639 Speaker 1: for one hundred thousand dollars, They're like, what, why would 56 00:02:51,680 --> 00:02:53,280 Speaker 1: I buy a used car it's a couple of years 57 00:02:53,280 --> 00:02:55,520 Speaker 1: old for one hundred thousand dollars? Well, what if it 58 00:02:55,560 --> 00:02:58,720 Speaker 1: was like a Bugatti or some rare Lamborghini or Ferrari. 59 00:02:59,639 --> 00:03:03,359 Speaker 1: And so price is what you pay, but the value 60 00:03:03,440 --> 00:03:05,440 Speaker 1: is what you get, and so how do we translate 61 00:03:05,520 --> 00:03:09,600 Speaker 1: that into investing? So, as an investor, most times looking 62 00:03:09,639 --> 00:03:14,360 Speaker 1: at the price of stocks or bitcoin or whatever it is, 63 00:03:14,400 --> 00:03:18,840 Speaker 1: you're looking at the price. Oh, the price of Tesla stock, 64 00:03:18,880 --> 00:03:22,240 Speaker 1: the price of this company. The price of bitcoin seems expensive. 65 00:03:23,000 --> 00:03:25,320 Speaker 1: The price is expensive, but we need to look past 66 00:03:25,320 --> 00:03:29,040 Speaker 1: the price and understand the value the value proposition. So, 67 00:03:29,480 --> 00:03:34,200 Speaker 1: for example, Warren Buffett, intelligent investor, looks at what the 68 00:03:34,280 --> 00:03:37,920 Speaker 1: company is doing, how much value they're providing to the marketplace, 69 00:03:38,040 --> 00:03:41,640 Speaker 1: how much profit they're generating, and how much growth and 70 00:03:41,720 --> 00:03:44,640 Speaker 1: profit this company could generate and return over a long 71 00:03:44,680 --> 00:03:47,920 Speaker 1: period of time. Now, he doesn't like bitcoin. He doesn't 72 00:03:47,960 --> 00:03:50,160 Speaker 1: like gold either. He doesn't like gold because gold doesn't 73 00:03:50,200 --> 00:03:53,440 Speaker 1: produce anything, and neither does bitcoin. So he doesn't like 74 00:03:53,480 --> 00:03:57,160 Speaker 1: it because he doesn't necessarily not know about it. He 75 00:03:57,160 --> 00:03:59,240 Speaker 1: doesn't like it because it doesn't fit his deal box, 76 00:03:59,280 --> 00:04:02,000 Speaker 1: doesn't produce. But the way that I would look at 77 00:04:02,040 --> 00:04:07,320 Speaker 1: gold or bitcoin specifically is that bitcoin provides massive amounts 78 00:04:07,320 --> 00:04:11,520 Speaker 1: of value. It allows you to custody assets without an intermediary. 79 00:04:11,560 --> 00:04:13,720 Speaker 1: It allows you to send money peer to peer without 80 00:04:13,720 --> 00:04:18,200 Speaker 1: a third party. It's helping people ensure their freedom. So 81 00:04:18,200 --> 00:04:20,520 Speaker 1: if you live in Afghanistan or North Korea where you're 82 00:04:20,560 --> 00:04:22,839 Speaker 1: not able to send money, it allows you to do that. 83 00:04:22,920 --> 00:04:24,960 Speaker 1: So there's massive amounts of value. Now we know it's 84 00:04:24,960 --> 00:04:28,560 Speaker 1: also disrupting lots of markets. Particularly right now we're seeing 85 00:04:28,600 --> 00:04:31,039 Speaker 1: it disrupt the payment industry, which is pretty big, but 86 00:04:31,040 --> 00:04:35,160 Speaker 1: more importantly the store of value assets, which are if 87 00:04:35,160 --> 00:04:37,799 Speaker 1: we just break those store of value assets down, things 88 00:04:37,880 --> 00:04:43,760 Speaker 1: like bonds, gold, offshore bank accounts, some real estate. These 89 00:04:43,760 --> 00:04:46,159 Speaker 1: are things that people buy to store their well store 90 00:04:46,200 --> 00:04:48,920 Speaker 1: value assets. There's about seven hundred and fifty trillion there, 91 00:04:49,440 --> 00:04:51,880 Speaker 1: and so if it can disrupt, if it could take two, 92 00:04:51,920 --> 00:04:54,520 Speaker 1: three four percent of those market share, then it could 93 00:04:54,560 --> 00:04:57,720 Speaker 1: easily be worth more. We could see bitcoin at worth 94 00:04:57,760 --> 00:04:59,400 Speaker 1: one million per coin. So rather than look at the 95 00:04:59,400 --> 00:05:02,240 Speaker 1: price is it expensive or cheap today, we can look 96 00:05:02,279 --> 00:05:04,880 Speaker 1: at the value that it returns. Another one that I 97 00:05:04,920 --> 00:05:08,000 Speaker 1: want to dig into is in the book Until's Investor, 98 00:05:08,040 --> 00:05:11,640 Speaker 1: He talks about thinking on the long run, and unfortunately 99 00:05:11,640 --> 00:05:13,599 Speaker 1: what we see. I think one of the biggest problems 100 00:05:13,600 --> 00:05:16,839 Speaker 1: we see with investors today is thinking too short term. 101 00:05:16,960 --> 00:05:19,960 Speaker 1: How much money can I make by tomorrow or by 102 00:05:20,120 --> 00:05:22,839 Speaker 1: next week or buy next month. But the problem is 103 00:05:22,880 --> 00:05:27,560 Speaker 1: that over the long run we see value grows and 104 00:05:27,680 --> 00:05:29,719 Speaker 1: value continues to be provided over a long run, not 105 00:05:29,720 --> 00:05:32,239 Speaker 1: in a short period of time. Warren Buffet's partner, Charlie 106 00:05:32,279 --> 00:05:34,400 Speaker 1: Munger says that the big money is not made in 107 00:05:34,480 --> 00:05:36,960 Speaker 1: the buying and the selling, It's made in the waiting. 108 00:05:38,080 --> 00:05:41,160 Speaker 1: What does that mean. It means waiting. It means thinking 109 00:05:41,400 --> 00:05:44,400 Speaker 1: long term. It means if I wait. If I'm thinking 110 00:05:44,440 --> 00:05:47,359 Speaker 1: long term, I don't have to rush into something today. 111 00:05:47,640 --> 00:05:49,880 Speaker 1: I can If I'm thinking long term, I can wait 112 00:05:50,040 --> 00:05:54,279 Speaker 1: until the perfect opportunity shows up. I don't need to 113 00:05:54,360 --> 00:05:57,679 Speaker 1: swing at the first pitch. I'll wait until the perfect pitch, 114 00:05:57,760 --> 00:06:00,880 Speaker 1: the perfect fat pitch comes in, and then I'm going 115 00:06:00,960 --> 00:06:04,520 Speaker 1: to swing. So waiting one but also waiting two. Once 116 00:06:04,600 --> 00:06:07,560 Speaker 1: I've taken that position, once I've moved in, then I 117 00:06:07,640 --> 00:06:10,599 Speaker 1: have to wait for it to develop. So most people 118 00:06:10,640 --> 00:06:13,880 Speaker 1: want these massive returns, one hundred percent returns, one thousand 119 00:06:13,880 --> 00:06:18,520 Speaker 1: percent returns you hear about. I've had twenty six one 120 00:06:18,520 --> 00:06:20,920 Speaker 1: thousand percent returns in the last like six seven years. 121 00:06:21,320 --> 00:06:23,680 Speaker 1: But those take time to develop. You need to be 122 00:06:23,800 --> 00:06:27,600 Speaker 1: extremely early into a market to get them at that cheap. 123 00:06:27,720 --> 00:06:31,160 Speaker 1: And when you're that extremely early, then you have to 124 00:06:31,200 --> 00:06:34,080 Speaker 1: wait a long time for that to become a reality. 125 00:06:34,520 --> 00:06:37,440 Speaker 1: There's lots of positions, lot most of those positions. If 126 00:06:37,480 --> 00:06:39,839 Speaker 1: I would have just you know, I could have exited 127 00:06:39,839 --> 00:06:41,640 Speaker 1: when it was up one hundred percent, I could have 128 00:06:41,640 --> 00:06:43,920 Speaker 1: exited two hundred percent. I could have exited three four, 129 00:06:44,040 --> 00:06:46,480 Speaker 1: five hundred percent, and that would have been amazing. People 130 00:06:46,480 --> 00:06:47,640 Speaker 1: would have loved. It would have been some of the 131 00:06:47,640 --> 00:06:50,240 Speaker 1: best returns people have seen. But because I waited and 132 00:06:50,279 --> 00:06:52,520 Speaker 1: I waited, and I waited and I waited, sometimes a 133 00:06:52,600 --> 00:06:55,520 Speaker 1: year or two years, I was able to get to 134 00:06:55,520 --> 00:06:57,719 Speaker 1: a thousand percent return. So not only do you have 135 00:06:57,800 --> 00:07:00,159 Speaker 1: to wait for the perfect opportunity, you have to to 136 00:07:00,279 --> 00:07:03,919 Speaker 1: wait for it to materialize. We have to think long term. 137 00:07:04,040 --> 00:07:06,159 Speaker 1: In the book, he says, quote, in the short run, 138 00:07:06,200 --> 00:07:09,239 Speaker 1: the market is a voting machine, but in the long run, 139 00:07:09,560 --> 00:07:14,240 Speaker 1: it's a weighing machine, all right. The third one, the 140 00:07:14,280 --> 00:07:18,960 Speaker 1: best investors are learning all the time. So there's a 141 00:07:19,000 --> 00:07:21,760 Speaker 1: saying that I like to say that that says that 142 00:07:22,360 --> 00:07:25,960 Speaker 1: some lessons in life can't be taught, they can only 143 00:07:26,000 --> 00:07:28,840 Speaker 1: be learned. And that means that unfortunately, a lot of 144 00:07:28,880 --> 00:07:32,680 Speaker 1: times we don't learn from reading or watching. Unfortunately, we 145 00:07:32,760 --> 00:07:35,240 Speaker 1: have to wait until it happens to us, and we 146 00:07:35,320 --> 00:07:37,040 Speaker 1: have to actually feel the pain. We have to live 147 00:07:37,040 --> 00:07:38,760 Speaker 1: through that. That's why I like the other said says 148 00:07:39,000 --> 00:07:42,640 Speaker 1: smooth seeds never made a skilled sailor. Unfortunately most of 149 00:07:42,720 --> 00:07:45,160 Speaker 1: us have to take it on the head. We have 150 00:07:45,240 --> 00:07:48,480 Speaker 1: to suffer through those rough seas to become better skilled. 151 00:07:48,560 --> 00:07:51,720 Speaker 1: But we always need to be learning. Invest Investors are 152 00:07:51,720 --> 00:07:54,280 Speaker 1: always learning. We always need to learn from our mistakes, 153 00:07:54,560 --> 00:07:57,160 Speaker 1: or even better, if we can, we need to learn 154 00:07:57,200 --> 00:08:01,200 Speaker 1: from other people's mistakes. He says that those who do 155 00:08:01,320 --> 00:08:04,520 Speaker 1: not remember their past are condemned to repeat it. And 156 00:08:04,560 --> 00:08:07,160 Speaker 1: you've heard that before. That's why when you watch my videos, 157 00:08:07,200 --> 00:08:09,840 Speaker 1: you listen to me talk. I reference history almost all 158 00:08:09,880 --> 00:08:13,200 Speaker 1: the time. I love to find parallels in history so 159 00:08:13,280 --> 00:08:15,600 Speaker 1: I can get a model of what happened then, so 160 00:08:15,640 --> 00:08:18,960 Speaker 1: I can understand cause and effect of what may happen next. 161 00:08:19,280 --> 00:08:21,520 Speaker 1: For example, if I touched a hot stove and burn 162 00:08:21,560 --> 00:08:23,440 Speaker 1: my hand before, I know that if I touch a 163 00:08:23,440 --> 00:08:26,560 Speaker 1: hot stove again, I'll probably burn my hand again. So 164 00:08:26,600 --> 00:08:30,280 Speaker 1: when I see a nation that's devolving, sort of like 165 00:08:30,320 --> 00:08:32,080 Speaker 1: we're seeing in the West, when I see a nation 166 00:08:32,120 --> 00:08:36,080 Speaker 1: that's super high debt, high inflation, all I have to 167 00:08:36,120 --> 00:08:39,160 Speaker 1: do is look back into historical parallels to see what 168 00:08:39,280 --> 00:08:42,560 Speaker 1: other nations had high debt to GDP levels, what had 169 00:08:42,800 --> 00:08:46,440 Speaker 1: high inflation levels, And then I have to see what 170 00:08:46,600 --> 00:08:50,120 Speaker 1: happened after that. Did they fall apart? What did that 171 00:08:50,160 --> 00:08:52,000 Speaker 1: look like? Were they able to pull it off? What 172 00:08:52,040 --> 00:08:53,880 Speaker 1: did they look like? What did they try? What did 173 00:08:53,880 --> 00:08:56,000 Speaker 1: they fail with? And then I can just see what 174 00:08:56,080 --> 00:08:58,880 Speaker 1: we're doing, and then it allows me to draw those parallels, 175 00:08:59,080 --> 00:09:01,840 Speaker 1: sort of like if I such a hot stove, I'll burn. 176 00:09:01,960 --> 00:09:06,000 Speaker 1: So always be learning, hopefully if you can learn from 177 00:09:06,000 --> 00:09:10,240 Speaker 1: other's mistakes and learn from the past so you don't 178 00:09:10,520 --> 00:09:12,880 Speaker 1: have to repeat those same mistakes. If you're just tuning 179 00:09:12,880 --> 00:09:14,760 Speaker 1: in your listening to the Mark Moss Show, we're going 180 00:09:14,800 --> 00:09:17,400 Speaker 1: to be back in a minute with more investing tips 181 00:09:17,440 --> 00:09:19,360 Speaker 1: to make you more money. Don't go away, I'll be 182 00:09:19,440 --> 00:09:21,000 Speaker 1: right back, all right, Welcome back. If you just tune 183 00:09:21,000 --> 00:09:23,480 Speaker 1: in your listening to the Mark Moss Show. We're talking, 184 00:09:23,640 --> 00:09:27,040 Speaker 1: of course, always about money and freedom, and today we're 185 00:09:27,040 --> 00:09:29,800 Speaker 1: talking about some investment lessons that you need to understand 186 00:09:29,800 --> 00:09:32,040 Speaker 1: if you want to continue to build your wealth, and 187 00:09:32,040 --> 00:09:33,559 Speaker 1: if you continue to build a wealth, you continue to 188 00:09:33,559 --> 00:09:36,800 Speaker 1: build your freedom. Now, one of my greatest mentors through books, 189 00:09:36,800 --> 00:09:38,960 Speaker 1: I don't know him personally, is a good old uncle 190 00:09:39,080 --> 00:09:43,200 Speaker 1: Warren Buffett, arguably the most famous investor, most successful investor 191 00:09:43,200 --> 00:09:46,520 Speaker 1: in history, and he learned from a mentor named Benjamin 192 00:09:46,559 --> 00:09:49,520 Speaker 1: Graham who wrote a book called The Intelligent Investor. If 193 00:09:49,559 --> 00:09:50,880 Speaker 1: you want to be more intelligent and to be a 194 00:09:50,880 --> 00:09:52,839 Speaker 1: better investor, you should go read the book. It is old, 195 00:09:53,120 --> 00:09:55,920 Speaker 1: but there's lots of lessons that you can pull forward to today. 196 00:09:55,880 --> 00:09:59,800 Speaker 1: So I'm running through a few of the little nuggets 197 00:09:59,800 --> 00:10:01,760 Speaker 1: that I've pulled out of the book. Now. One of 198 00:10:01,800 --> 00:10:06,079 Speaker 1: the other nuggets that he has we went through prices, 199 00:10:06,080 --> 00:10:08,400 Speaker 1: what you pay, values, what you get. We run through 200 00:10:08,559 --> 00:10:11,959 Speaker 1: a thinking long term, and we talked about the best 201 00:10:12,000 --> 00:10:16,240 Speaker 1: investors learning all the time. Another piece of another nugget 202 00:10:16,280 --> 00:10:18,440 Speaker 1: that he talks about in the book Intelligent Investor is 203 00:10:18,440 --> 00:10:23,319 Speaker 1: to run your own race. You see, every investor is unique. 204 00:10:23,520 --> 00:10:25,760 Speaker 1: And so when I get asked all the time, what 205 00:10:25,880 --> 00:10:28,640 Speaker 1: assets should I buy? What investment should I make? Is 206 00:10:28,679 --> 00:10:31,240 Speaker 1: this a good investment for me? A lot of times 207 00:10:31,240 --> 00:10:33,840 Speaker 1: I have to respond with it depends. And people don't 208 00:10:33,880 --> 00:10:36,640 Speaker 1: like that answer, but it does depend. It depends on 209 00:10:36,800 --> 00:10:40,280 Speaker 1: lots of things. And back to what Benjamin Graham says 210 00:10:40,360 --> 00:10:43,400 Speaker 1: is you have to run your own race. What's best 211 00:10:43,400 --> 00:10:47,199 Speaker 1: for me today may not be best for me next year. 212 00:10:47,559 --> 00:10:50,080 Speaker 1: And what's best for me today may not be and 213 00:10:50,120 --> 00:10:53,040 Speaker 1: probably isn't best for you either, And so we have 214 00:10:53,080 --> 00:10:55,800 Speaker 1: to figure out what our own race is, what makes 215 00:10:55,920 --> 00:10:58,320 Speaker 1: us unique, and we have to make investment plans that 216 00:10:58,440 --> 00:11:04,520 Speaker 1: suit our own investment goals are time horizon and more importantly, 217 00:11:04,559 --> 00:11:08,480 Speaker 1: where we're at. You see, we're all going to a 218 00:11:08,480 --> 00:11:11,880 Speaker 1: different place and starting from a different place. Like, sure, yes, 219 00:11:11,920 --> 00:11:14,320 Speaker 1: we'd all want to be financially free, I suppose we're 220 00:11:14,360 --> 00:11:16,040 Speaker 1: all going for that, but what does that even mean 221 00:11:16,080 --> 00:11:19,600 Speaker 1: to you? Is that five million dollars in the bank? 222 00:11:19,840 --> 00:11:22,600 Speaker 1: Is that five thousand dollars of passive income coming in 223 00:11:22,640 --> 00:11:24,760 Speaker 1: per month? Like, what does that even mean to you? 224 00:11:24,840 --> 00:11:27,000 Speaker 1: And then where are you starting from? Do you have 225 00:11:27,040 --> 00:11:29,280 Speaker 1: fifty million in the bank today? Do you have no money? 226 00:11:29,320 --> 00:11:30,640 Speaker 1: Do you have a job? Do you have any income? Right? 227 00:11:30,640 --> 00:11:32,880 Speaker 1: And so we're all starting from a different place, and 228 00:11:32,920 --> 00:11:35,880 Speaker 1: we all have different time horizons, like I don't really 229 00:11:35,960 --> 00:11:38,320 Speaker 1: plan on retiring. I'm hoping that all work till I 230 00:11:38,360 --> 00:11:41,599 Speaker 1: die because I enjoy what I do, where some of 231 00:11:41,640 --> 00:11:43,319 Speaker 1: you are like I need to retire the next three 232 00:11:43,360 --> 00:11:45,880 Speaker 1: years because I hate this. So we have different time horizons. 233 00:11:45,920 --> 00:11:49,120 Speaker 1: But more importantly, it's because we're all unique. So something 234 00:11:49,200 --> 00:11:51,280 Speaker 1: Warren Buffett got from this is something known as the 235 00:11:51,320 --> 00:11:54,719 Speaker 1: deal box. Warren Buffett only invests into things that he 236 00:11:54,840 --> 00:11:57,960 Speaker 1: understands that are in his deal box. Think about if 237 00:11:57,960 --> 00:12:01,400 Speaker 1: you're watching a baseball games and you have someone at 238 00:12:01,400 --> 00:12:03,240 Speaker 1: bat and they show like on the screen sort of 239 00:12:03,240 --> 00:12:06,440 Speaker 1: the strike zone. So he has his strike zone, he 240 00:12:06,480 --> 00:12:08,760 Speaker 1: has his deal box, and he only goes into deals 241 00:12:08,760 --> 00:12:12,360 Speaker 1: that he understands that fit in that criteria. As do I. 242 00:12:12,360 --> 00:12:15,479 Speaker 1: I invest into things that I know and I understand. 243 00:12:15,760 --> 00:12:17,719 Speaker 1: If I don't know and understand them, then there's too 244 00:12:17,800 --> 00:12:21,200 Speaker 1: much risk for me. All right. It'd be like you 245 00:12:21,240 --> 00:12:23,360 Speaker 1: live in the Midwest somewhere and I take you to 246 00:12:23,400 --> 00:12:25,440 Speaker 1: Hawaii or the waves are thirty feet and I take 247 00:12:25,480 --> 00:12:27,640 Speaker 1: you out to go surfing. You don't know anything about 248 00:12:27,640 --> 00:12:29,520 Speaker 1: the ocean. You don't know anything about waves, much less 249 00:12:29,559 --> 00:12:32,000 Speaker 1: those big of waves. It's extremely risky and you could 250 00:12:32,000 --> 00:12:35,120 Speaker 1: probably die. I've been surfing over there a lot. I'll 251 00:12:35,120 --> 00:12:38,440 Speaker 1: probably be okay, but it's because I have expertise in 252 00:12:38,480 --> 00:12:41,560 Speaker 1: that area. Now you're from the Midwest. You might take 253 00:12:41,600 --> 00:12:42,920 Speaker 1: me to a rodeo and try and put me onto 254 00:12:42,960 --> 00:12:44,920 Speaker 1: a bowl. I know nothing about that, so It's probably 255 00:12:44,920 --> 00:12:47,000 Speaker 1: way too risky for me to do that, but you 256 00:12:47,080 --> 00:12:48,800 Speaker 1: might be okay with it. And so we need to 257 00:12:48,880 --> 00:12:52,840 Speaker 1: understand where our competency is, where our area of expertise is, 258 00:12:52,920 --> 00:12:55,920 Speaker 1: and we should stay within that. Now, you can become 259 00:12:55,960 --> 00:12:58,360 Speaker 1: an expert in another area if you want to, but 260 00:12:58,520 --> 00:13:00,280 Speaker 1: you have to understand, as he says in the book, 261 00:13:00,320 --> 00:13:03,480 Speaker 1: is that But he says that investing isn't about beating 262 00:13:03,559 --> 00:13:07,520 Speaker 1: others at their game. It's about controlling yourself at your 263 00:13:07,720 --> 00:13:11,160 Speaker 1: own game. So figure out what your own game is. 264 00:13:11,679 --> 00:13:13,719 Speaker 1: What game do you want to play. What game can 265 00:13:13,760 --> 00:13:15,960 Speaker 1: you become an expert in? What are the rules that 266 00:13:16,000 --> 00:13:19,680 Speaker 1: you'll play that game by? Set those parameters and stay 267 00:13:19,880 --> 00:13:24,360 Speaker 1: inside those parameters. Do what makes you unique, because what's 268 00:13:24,440 --> 00:13:26,920 Speaker 1: best for me isn't and isn't going to be best 269 00:13:26,920 --> 00:13:29,520 Speaker 1: for you. Another one of the adages that we get 270 00:13:29,520 --> 00:13:31,560 Speaker 1: out of the book, and this is one that Warren 271 00:13:31,559 --> 00:13:33,800 Speaker 1: Buffett certainly took the heart. He's famous for saying it. 272 00:13:33,840 --> 00:13:36,760 Speaker 1: But he talks about BenjaminGraham an intelligent vestor, says that 273 00:13:36,760 --> 00:13:40,319 Speaker 1: to be an intelligent investor, you must focus on risk management. 274 00:13:41,320 --> 00:13:44,120 Speaker 1: The best investors in the world focus on risk management 275 00:13:44,240 --> 00:13:48,600 Speaker 1: first and they focus on returns. Second, Warren Buffett says 276 00:13:48,640 --> 00:13:51,640 Speaker 1: that this single most important rule with investing is to 277 00:13:51,840 --> 00:13:56,160 Speaker 1: not lose money. The second most important rule in investing 278 00:13:56,440 --> 00:13:59,520 Speaker 1: is don't forget number one, which is don't lose money. 279 00:13:59,800 --> 00:14:01,679 Speaker 1: And what I see from the thousands of comments I 280 00:14:01,679 --> 00:14:03,600 Speaker 1: get across my social media and all the new investors 281 00:14:03,640 --> 00:14:05,480 Speaker 1: I get into my financial newsletter I've been writing for 282 00:14:05,520 --> 00:14:07,679 Speaker 1: the last seven years, is they all want to know 283 00:14:07,720 --> 00:14:10,800 Speaker 1: how much they can make. How much can I make 284 00:14:10,840 --> 00:14:14,280 Speaker 1: from this one? What position can I buy that will 285 00:14:14,360 --> 00:14:17,080 Speaker 1: make my money go up the fastest. They're all trying 286 00:14:17,080 --> 00:14:19,400 Speaker 1: to think about how much they can make instead of 287 00:14:19,440 --> 00:14:24,040 Speaker 1: protecting their downside. And that's the big, big, big mistake. 288 00:14:24,080 --> 00:14:28,560 Speaker 1: You must always focus on risk management. As Benja mcgrahm says, 289 00:14:28,600 --> 00:14:33,160 Speaker 1: the best investors focus on risk management first and return second. 290 00:14:33,200 --> 00:14:37,560 Speaker 1: You have to understand that losses are asymmetric. So what 291 00:14:37,560 --> 00:14:41,200 Speaker 1: does that mean If I lose fifty percent on a 292 00:14:41,240 --> 00:14:44,880 Speaker 1: certain investment, I have to make back more than one 293 00:14:45,000 --> 00:14:48,440 Speaker 1: hundred percent in order to get back the fifty percent 294 00:14:48,520 --> 00:14:52,960 Speaker 1: I lost. So you probably are aware making one hundred 295 00:14:52,960 --> 00:14:57,240 Speaker 1: percent is very difficult. We're seeing the average annual returns 296 00:14:57,280 --> 00:14:58,760 Speaker 1: of the s and P five hundred. Depending on what 297 00:14:58,800 --> 00:15:00,920 Speaker 1: timeframe you want to look at it somewhere in the 298 00:15:01,600 --> 00:15:04,560 Speaker 1: seven to nine percent range. That's what they return. Ray 299 00:15:04,600 --> 00:15:07,400 Speaker 1: Dally are one of the most famous investors in the world, 300 00:15:08,040 --> 00:15:11,520 Speaker 1: the founder of Bridgewater Capital, largest hedge fund in the world, 301 00:15:12,280 --> 00:15:15,400 Speaker 1: I think, has averaged about eleven percent return in his career. 302 00:15:16,040 --> 00:15:18,880 Speaker 1: So to make one hundred percent is very difficult, but 303 00:15:19,240 --> 00:15:22,800 Speaker 1: to lose fifty is pretty easy, and so we don't 304 00:15:22,840 --> 00:15:25,000 Speaker 1: want to chase that. We need to have proper risk management. 305 00:15:26,040 --> 00:15:28,840 Speaker 1: Another one that we saw in the book that really 306 00:15:28,880 --> 00:15:32,200 Speaker 1: caught my eye, and this is the big one coming 307 00:15:32,280 --> 00:15:38,120 Speaker 1: up into holiday season, is that corrections offer opportunities. You 308 00:15:38,200 --> 00:15:41,400 Speaker 1: want to be buying assets when everyone else is selling 309 00:15:41,440 --> 00:15:45,040 Speaker 1: them and going into Black Friday. I think this is 310 00:15:45,040 --> 00:15:48,720 Speaker 1: interesting because you'll see all over the news people standing 311 00:15:48,760 --> 00:15:51,560 Speaker 1: in line all night long in order to get in 312 00:15:51,600 --> 00:15:55,040 Speaker 1: first to a Walmart to get a new TV. They're 313 00:15:55,040 --> 00:15:57,840 Speaker 1: going to stand outside all night to save a couple 314 00:15:57,920 --> 00:16:01,320 Speaker 1: hundred bucks on a TV. This is the mentality when 315 00:16:01,360 --> 00:16:04,160 Speaker 1: things go on sell. But when assets go on sell, 316 00:16:04,320 --> 00:16:07,760 Speaker 1: financial assets go on sell, stocks, houses, etc. People don't 317 00:16:07,760 --> 00:16:10,480 Speaker 1: want to touch them. When bitcoin is at new all 318 00:16:10,520 --> 00:16:13,040 Speaker 1: time highs. People I haven't talked to in years are 319 00:16:13,080 --> 00:16:14,560 Speaker 1: coming out of the woodwork and asking me if it's 320 00:16:14,600 --> 00:16:16,680 Speaker 1: time to buy when it's at the high. But when 321 00:16:16,720 --> 00:16:19,480 Speaker 1: bitcoin makes a low, everybody wants to sell. Everybody wants 322 00:16:19,480 --> 00:16:24,440 Speaker 1: to run away, everybody's scared. This is counterintuitive, and it's 323 00:16:24,480 --> 00:16:26,880 Speaker 1: because of our human emotions. So we want to buy 324 00:16:26,960 --> 00:16:29,080 Speaker 1: when everyone is selling, and we want to sell when 325 00:16:29,080 --> 00:16:31,520 Speaker 1: everyone is buying. In the book, he says the intelligent 326 00:16:31,600 --> 00:16:36,120 Speaker 1: investor is a realist who sells to optimists and buys 327 00:16:36,440 --> 00:16:40,640 Speaker 1: from pessimists. So which one are you? Are you an 328 00:16:40,640 --> 00:16:43,000 Speaker 1: optimist the glasses half full? Are you a pessimist the 329 00:16:43,040 --> 00:16:45,400 Speaker 1: glasses half empty? Or are you a realist? Then you 330 00:16:45,440 --> 00:16:48,040 Speaker 1: just drink the water. And that's what we want to be. 331 00:16:48,120 --> 00:16:50,600 Speaker 1: We want to be realists. We don't want to be 332 00:16:50,640 --> 00:16:54,160 Speaker 1: over the optimistic or pessimistic. We want to understand the value. 333 00:16:54,400 --> 00:16:57,520 Speaker 1: Remember prices, what you pay value is what you receive. 334 00:16:57,600 --> 00:16:59,760 Speaker 1: We need to understand the value of what we're buying. 335 00:17:00,600 --> 00:17:02,880 Speaker 1: We need to understand where the market cycles are, and 336 00:17:02,920 --> 00:17:05,760 Speaker 1: we want to buy when there's blood in the street. 337 00:17:05,840 --> 00:17:08,040 Speaker 1: As a blood in the street, as Mayor Rochild said, 338 00:17:08,200 --> 00:17:10,800 Speaker 1: we want to buy when everyone's selling, when things are cheap, 339 00:17:11,119 --> 00:17:13,640 Speaker 1: when things go on sell. You don't need to wait 340 00:17:13,680 --> 00:17:16,200 Speaker 1: in line all night at a Walmart, freezing cold, standing 341 00:17:16,240 --> 00:17:18,679 Speaker 1: up to save one hundred bucks. You could just go 342 00:17:18,760 --> 00:17:22,400 Speaker 1: buy a financial asset on sell and make a lot more. 343 00:17:23,520 --> 00:17:25,040 Speaker 1: If you're just tuning in, you're listening to the Mark 344 00:17:25,119 --> 00:17:29,480 Speaker 1: mos show, I'm running through We ran through six mental models, 345 00:17:29,520 --> 00:17:32,440 Speaker 1: six nuggets of information that I leaned from a book 346 00:17:32,440 --> 00:17:36,240 Speaker 1: called The Intelligent Investor, written by Benjamin Graham. He was 347 00:17:36,280 --> 00:17:39,800 Speaker 1: a Warren Buffett's mentor. Buy books, and you can also 348 00:17:39,840 --> 00:17:41,920 Speaker 1: have the same mentor by getting the book and reading 349 00:17:41,960 --> 00:17:44,119 Speaker 1: it The Intelligent Investor. If you're just listening to the 350 00:17:44,119 --> 00:17:46,679 Speaker 1: Mark Maus Show, we talk about money, we talk about freedom, 351 00:17:46,720 --> 00:17:49,480 Speaker 1: we talk about wealth, and I'm sharing some nuggets to 352 00:17:49,520 --> 00:17:51,240 Speaker 1: help you build all of those. But I got to 353 00:17:51,240 --> 00:17:53,960 Speaker 1: take a quick short break, but I'll be back. Don't 354 00:17:53,960 --> 00:17:56,000 Speaker 1: go away, I'll be right back, all right, Welcome back. 355 00:17:56,040 --> 00:17:57,560 Speaker 1: If you're just tune in, you're listening to the Mark 356 00:17:57,600 --> 00:18:00,920 Speaker 1: mass Show. We're always talking about protect and building your 357 00:18:00,920 --> 00:18:03,520 Speaker 1: wealth and your freedom, and we were just running through 358 00:18:03,520 --> 00:18:07,639 Speaker 1: some nuggets on investing that I gleaned from Warren Buffett's 359 00:18:07,680 --> 00:18:10,680 Speaker 1: mentor Benjamin Graham from the book The Intelligent Investor highly 360 00:18:10,720 --> 00:18:13,439 Speaker 1: recommend reading that I want to jump into now some 361 00:18:13,480 --> 00:18:16,640 Speaker 1: stuff about your freedom, because it is under attack. If 362 00:18:16,640 --> 00:18:19,960 Speaker 1: you haven't been paying attention, well, if you've been paying attention, 363 00:18:20,119 --> 00:18:23,320 Speaker 1: then you already know it's coming from every side. And 364 00:18:23,440 --> 00:18:26,280 Speaker 1: what we've seen this week is just more hits continue 365 00:18:26,320 --> 00:18:28,680 Speaker 1: coming over and over and over. We've been talking about 366 00:18:28,760 --> 00:18:30,560 Speaker 1: the last couple of weeks what's going on in the 367 00:18:30,640 --> 00:18:35,040 Speaker 1: United States. Specifically, we've seen lots of reports like from Rep. 368 00:18:35,119 --> 00:18:39,639 Speaker 1: Gim Jordan coming out talking about or uncovering all these 369 00:18:39,920 --> 00:18:43,920 Speaker 1: government organizations CISA and EIP that they're using. But now 370 00:18:43,920 --> 00:18:47,399 Speaker 1: we're seeing it happening over in Europe as well. As 371 00:18:47,480 --> 00:18:49,239 Speaker 1: a matter of fact, we saw this week that the 372 00:18:49,359 --> 00:18:53,200 Speaker 1: UK files now reports show that both the left and 373 00:18:53,320 --> 00:18:56,640 Speaker 1: the right can be targets of sensors. Now, I try 374 00:18:56,680 --> 00:18:59,320 Speaker 1: to not be aligned with the left or the right. 375 00:19:00,040 --> 00:19:03,040 Speaker 1: You know, I don't know how you view me. That's fine. 376 00:19:03,200 --> 00:19:05,119 Speaker 1: I guess if freedom is right wing, I guess I'm 377 00:19:05,200 --> 00:19:07,240 Speaker 1: right wing. I don't look at it that way. I 378 00:19:07,240 --> 00:19:09,680 Speaker 1: look at freedom as freedom, not as a political modality. 379 00:19:10,680 --> 00:19:13,040 Speaker 1: I'm not even sure what left and right are anymore. 380 00:19:13,720 --> 00:19:17,520 Speaker 1: And I am going to be equally harsh on anybody 381 00:19:17,520 --> 00:19:20,760 Speaker 1: who wants to censor freedom. And if that happens to 382 00:19:20,760 --> 00:19:22,880 Speaker 1: be left, then I guess I'm happening to be right. 383 00:19:23,200 --> 00:19:26,959 Speaker 1: But what I've seen, and I've talked about for years now, 384 00:19:27,000 --> 00:19:28,840 Speaker 1: as a matter of fact, where really came front and 385 00:19:28,880 --> 00:19:34,440 Speaker 1: center was probably maybe twenty nineteen. I started talking about 386 00:19:34,440 --> 00:19:37,440 Speaker 1: this where we saw I think it was right after 387 00:19:37,520 --> 00:19:39,960 Speaker 1: Alex Jones got kicked off the face of the Internet, 388 00:19:40,320 --> 00:19:43,720 Speaker 1: and after that, thousands of accounts got censored. Right after 389 00:19:43,760 --> 00:19:45,840 Speaker 1: Alex Jones. Now he was the big name that everybody 390 00:19:46,160 --> 00:19:49,200 Speaker 1: caught onto, but thousands of accounts got shut down right 391 00:19:49,280 --> 00:19:52,760 Speaker 1: after that. It was like this big sweeping change that happened. 392 00:19:53,040 --> 00:19:55,320 Speaker 1: And I talked about it then and it wasn't it 393 00:19:55,359 --> 00:19:57,720 Speaker 1: was And I actually had Ben Swan on to talk 394 00:19:57,720 --> 00:19:59,639 Speaker 1: about that's the old podcast if you want to go 395 00:19:59,640 --> 00:20:01,760 Speaker 1: back in the to do a Mark Moss, Ben Swan 396 00:20:02,720 --> 00:20:05,560 Speaker 1: and we talked about how people from the left and 397 00:20:05,640 --> 00:20:08,800 Speaker 1: the right were being censored and really what it is 398 00:20:08,800 --> 00:20:13,479 Speaker 1: is anybody who's not towing the mainstream political line, if 399 00:20:13,520 --> 00:20:16,120 Speaker 1: you will, And so we're seeing this on both sides 400 00:20:16,160 --> 00:20:19,200 Speaker 1: of the aisle, like for example, during the pandemic, doctors 401 00:20:19,240 --> 00:20:21,119 Speaker 1: were being shut down if they didn't go along with 402 00:20:21,160 --> 00:20:23,440 Speaker 1: a consensus. Where those doctors right wing or left wing? 403 00:20:23,520 --> 00:20:26,600 Speaker 1: Well right, and so they want to use these labels. 404 00:20:26,600 --> 00:20:29,520 Speaker 1: But what we're seeing here these UK files show that 405 00:20:29,560 --> 00:20:33,240 Speaker 1: both the left and the right are being targeted by sensors. Yes, 406 00:20:33,280 --> 00:20:35,840 Speaker 1: of course they are. Yes, of course they have because 407 00:20:35,880 --> 00:20:38,840 Speaker 1: if you don't toe the party line. So which party 408 00:20:38,880 --> 00:20:41,960 Speaker 1: is the which side of the aisle is the party line? 409 00:20:41,960 --> 00:20:45,680 Speaker 1: In it says here American audience may struggle with the particulars, 410 00:20:45,720 --> 00:20:49,879 Speaker 1: but leaked Labor Party documents detail how anti disinformation can 411 00:20:49,920 --> 00:20:53,960 Speaker 1: be weaponized in all directions, and so we can see 412 00:20:53,960 --> 00:20:57,120 Speaker 1: that it doesn't matter. But there's three tactics that they 413 00:20:57,240 --> 00:21:02,480 Speaker 1: use to do this. One we see at usations of bigotry, homophobia, 414 00:21:03,280 --> 00:21:06,800 Speaker 1: and those are basically used to shut down political opponents. 415 00:21:07,920 --> 00:21:11,000 Speaker 1: So these are what we might call like ad hominium attacks. 416 00:21:11,640 --> 00:21:14,120 Speaker 1: If you say something that I don't like, what I'll 417 00:21:14,160 --> 00:21:18,159 Speaker 1: do is I'll just attack your character, as opposed to 418 00:21:18,280 --> 00:21:21,560 Speaker 1: trying to actually use an intelligent conversation to debot debate 419 00:21:21,600 --> 00:21:23,720 Speaker 1: any of the points that you've made, so you can 420 00:21:23,880 --> 00:21:29,720 Speaker 1: always tell instantly where the attacker sits on this spectrum 421 00:21:29,720 --> 00:21:32,320 Speaker 1: by how they reply. So if you see someone put 422 00:21:32,359 --> 00:21:34,000 Speaker 1: out something facts, So I do this all the time 423 00:21:34,119 --> 00:21:36,080 Speaker 1: in my videos. I try to put all the what 424 00:21:36,160 --> 00:21:39,120 Speaker 1: I call receipts on there. So I'm gonna show the headlines, 425 00:21:39,119 --> 00:21:41,280 Speaker 1: the charge, the graphs, and then someone will believe a 426 00:21:41,280 --> 00:21:43,200 Speaker 1: comment on a video and they'll say everything is said 427 00:21:43,240 --> 00:21:46,359 Speaker 1: is wrong. I'm like everything because I just laid out 428 00:21:46,359 --> 00:21:48,639 Speaker 1: a whole bunch of facts. If you'd like to please 429 00:21:48,680 --> 00:21:50,679 Speaker 1: tell me which one of those I got wrong, I 430 00:21:50,720 --> 00:21:53,320 Speaker 1: could be wrong. I'm more than happy to go into 431 00:21:53,359 --> 00:21:56,080 Speaker 1: a conversation and be proven wrong. Sure, I mean, if 432 00:21:56,080 --> 00:21:58,400 Speaker 1: we can have an intelligent conversation about that. But if 433 00:21:58,400 --> 00:22:00,240 Speaker 1: you want to go to like, oh you're just stupid, 434 00:22:00,520 --> 00:22:02,800 Speaker 1: Oh you're ugly, you're fat, you're dumb, you're whatever, Like 435 00:22:02,840 --> 00:22:05,320 Speaker 1: you're you're a racist, your homophobe. Okay, that's not an 436 00:22:05,359 --> 00:22:08,359 Speaker 1: intelligent conversation. There's no way to win that. But you 437 00:22:08,359 --> 00:22:10,399 Speaker 1: can automatically tell that the other side doesn't have a good, 438 00:22:11,200 --> 00:22:15,040 Speaker 1: good argument for that. They also use guilt of use 439 00:22:15,080 --> 00:22:18,720 Speaker 1: of guilt by accusation narratives to attack the reputations of 440 00:22:18,760 --> 00:22:21,680 Speaker 1: both conservatives and leftists. Of course, that's the at hominium. 441 00:22:21,880 --> 00:22:26,080 Speaker 1: They use close coordination with, dependably in curious mainstream media organizations. 442 00:22:26,200 --> 00:22:30,240 Speaker 1: So this is where they're taking they're they're they're influencing 443 00:22:30,320 --> 00:22:33,000 Speaker 1: these other organizations to do their bidding for them. So, 444 00:22:33,080 --> 00:22:37,520 Speaker 1: for example, when Russell Brand got accused of old allegations 445 00:22:37,560 --> 00:22:41,240 Speaker 1: of whatever sexual misappropriations or whatever it was, he hasn't 446 00:22:41,240 --> 00:22:44,400 Speaker 1: even been charged with him. There's no there's no litigation, 447 00:22:44,560 --> 00:22:47,280 Speaker 1: there's no formal charges that have been filed. He certainly 448 00:22:47,280 --> 00:22:49,360 Speaker 1: hasn't gone to court and been proven to be guilty. 449 00:22:49,800 --> 00:22:54,160 Speaker 1: But yet we saw the government in the UK writing 450 00:22:54,320 --> 00:22:58,520 Speaker 1: letters to platforms such as Rumble asking them to take 451 00:22:58,560 --> 00:23:02,520 Speaker 1: away his monetization. So now you see the government using 452 00:23:02,600 --> 00:23:07,040 Speaker 1: platforms like Rumble they obviously already did with YouTube and 453 00:23:07,040 --> 00:23:09,520 Speaker 1: so forth to do that. Now we can see this 454 00:23:10,240 --> 00:23:13,760 Speaker 1: many many times. There's lots of cases of this, but 455 00:23:13,800 --> 00:23:17,880 Speaker 1: there's only a few reporters that are actually picking this up. 456 00:23:18,160 --> 00:23:23,240 Speaker 1: We're seeing it being used against everybody, but they're using 457 00:23:23,320 --> 00:23:25,400 Speaker 1: it against both sides. And this is why it's important 458 00:23:25,400 --> 00:23:28,080 Speaker 1: to understand when you think about these types of rules 459 00:23:28,520 --> 00:23:31,800 Speaker 1: and laws and things that they're putting into place. You 460 00:23:31,880 --> 00:23:34,480 Speaker 1: have to think about it from both sides. Just because 461 00:23:34,520 --> 00:23:38,080 Speaker 1: you like it doesn't mean it can't be and probably 462 00:23:38,119 --> 00:23:40,439 Speaker 1: won't be weaponized against you in the future. Let me 463 00:23:40,440 --> 00:23:44,320 Speaker 1: give you an example. So I'm a fan of Rondosantis. 464 00:23:44,560 --> 00:23:48,440 Speaker 1: I really like what he did during the pandemic in Florida. 465 00:23:48,800 --> 00:23:51,200 Speaker 1: I really like how he fought to keep things open, 466 00:23:52,160 --> 00:23:56,679 Speaker 1: and I've even liked his stance pushing back against mainstream 467 00:23:56,800 --> 00:23:59,359 Speaker 1: not just during the pandemic. He's pushed back on ESG, 468 00:24:00,040 --> 00:24:03,800 Speaker 1: he's pushed back against the Chinese Communist Party. He's done 469 00:24:03,800 --> 00:24:06,159 Speaker 1: lots of things. But I also have a problem with 470 00:24:06,359 --> 00:24:09,359 Speaker 1: Ron DeSantis. And the problem is he's sort of like 471 00:24:09,359 --> 00:24:15,360 Speaker 1: an authoritarian. He's passing lots of new rules and regulations 472 00:24:15,400 --> 00:24:18,480 Speaker 1: that I like. They aligned with me. I want someone 473 00:24:18,520 --> 00:24:22,120 Speaker 1: to stand up and protect these things. But by passing 474 00:24:22,200 --> 00:24:26,000 Speaker 1: more laws and rules, he's actually limiting what I can do. 475 00:24:26,680 --> 00:24:29,119 Speaker 1: And once those laws and rules are in place, and 476 00:24:29,119 --> 00:24:31,560 Speaker 1: then Ron DeSantis is out, and now you have somebody 477 00:24:31,560 --> 00:24:34,480 Speaker 1: from the other political party, they could use those same 478 00:24:34,680 --> 00:24:37,480 Speaker 1: laws and rules against me for things I don't like. 479 00:24:38,480 --> 00:24:40,760 Speaker 1: And so we have to think through these things better. 480 00:24:40,800 --> 00:24:44,720 Speaker 1: We have to think through second, third, fourth, fifth order, derivatives, deritors. 481 00:24:44,720 --> 00:24:47,000 Speaker 1: We have to think how would I feel if I 482 00:24:47,040 --> 00:24:49,360 Speaker 1: was on the opposite side of this. Like another example, 483 00:24:49,440 --> 00:24:52,320 Speaker 1: so he said that he wanted to make it illegal 484 00:24:52,880 --> 00:24:55,639 Speaker 1: for anyone in Florida to sell land to the China. 485 00:24:56,160 --> 00:24:59,160 Speaker 1: To the Chinese. Now, I don't want the Chinese Communist 486 00:24:59,160 --> 00:25:00,359 Speaker 1: Party to come in and buy a all out of 487 00:25:00,400 --> 00:25:01,960 Speaker 1: our land. I don't like that. I don't want them 488 00:25:02,000 --> 00:25:03,399 Speaker 1: to buy up our farmland. I don't want them to 489 00:25:03,400 --> 00:25:05,520 Speaker 1: buy up land in their strategic basis like they're doing. 490 00:25:05,800 --> 00:25:08,560 Speaker 1: And so I don't like that. But I also don't 491 00:25:08,560 --> 00:25:10,800 Speaker 1: want him to pass a law on what I can 492 00:25:10,880 --> 00:25:15,520 Speaker 1: do with my private property. So these are sticky issues 493 00:25:15,520 --> 00:25:17,160 Speaker 1: and I'm not going to spend the time to sit 494 00:25:17,160 --> 00:25:18,720 Speaker 1: here and debate that. But you have to be able 495 00:25:18,720 --> 00:25:21,080 Speaker 1: to think through this, and so back through the topic 496 00:25:21,119 --> 00:25:23,600 Speaker 1: at hand and the censorship. Depending on what side of 497 00:25:23,600 --> 00:25:27,040 Speaker 1: the aisle you're on, you may want the censorship of 498 00:25:27,080 --> 00:25:30,760 Speaker 1: that opposing voice that you're hearing, but if that were 499 00:25:30,840 --> 00:25:33,439 Speaker 1: to be turned against and used against you, would you 500 00:25:33,640 --> 00:25:35,560 Speaker 1: like that? And so this is what we're seeing. It's 501 00:25:35,560 --> 00:25:38,280 Speaker 1: happening to people on both sides of the isle. And 502 00:25:38,280 --> 00:25:41,159 Speaker 1: this is why I continue to say that it is 503 00:25:41,200 --> 00:25:44,120 Speaker 1: not really the left or the right fighting here. It's 504 00:25:44,200 --> 00:25:47,800 Speaker 1: really we, the people versus the government. Doesn't matter if 505 00:25:47,840 --> 00:25:50,760 Speaker 1: you're left or right, they're coming for you. Now we're 506 00:25:50,800 --> 00:25:54,680 Speaker 1: seeing this is also ramping up. Microsoft and Meta both 507 00:25:54,680 --> 00:26:00,479 Speaker 1: this week detailed new plans to combat election disinformation. Includes 508 00:26:00,640 --> 00:26:06,200 Speaker 1: lots of things including memes, stamp style watermarks, and of course, surprise, surprise, 509 00:26:06,280 --> 00:26:10,080 Speaker 1: of reliance on fact checkers. Now, the interesting thing is 510 00:26:10,119 --> 00:26:13,560 Speaker 1: that people even believe this and even want to go 511 00:26:13,600 --> 00:26:19,399 Speaker 1: along with this. We saw almost unlimited accounts and examples 512 00:26:19,800 --> 00:26:24,280 Speaker 1: of these fact checkers being wrong. It's safe and effective. Right, 513 00:26:24,320 --> 00:26:26,280 Speaker 1: All these things we've seen over and over and over again, 514 00:26:26,359 --> 00:26:28,760 Speaker 1: and they all turned out to be wrong. The the 515 00:26:28,880 --> 00:26:32,080 Speaker 1: laptop story, all these things. But here they are ramping 516 00:26:32,160 --> 00:26:34,760 Speaker 1: up again for another election cycle on its way to 517 00:26:34,800 --> 00:26:37,960 Speaker 1: the United States, and we're seeing that. You know, Microsoft 518 00:26:38,040 --> 00:26:40,480 Speaker 1: said that they want to come out with new steps 519 00:26:40,520 --> 00:26:43,959 Speaker 1: to protect elections, But how do you protect an election? 520 00:26:45,080 --> 00:26:48,200 Speaker 1: An election in a democracy should be from an informed 521 00:26:48,400 --> 00:26:52,320 Speaker 1: voting base. How can they be informed if they haven't 522 00:26:52,400 --> 00:26:55,679 Speaker 1: heard both sides of the argument, How can they be 523 00:26:55,800 --> 00:26:58,880 Speaker 1: informed if they haven't heard the pros and the cons 524 00:26:59,320 --> 00:27:02,280 Speaker 1: When I get my voting guide, it has like arguments 525 00:27:02,280 --> 00:27:05,159 Speaker 1: for and arguments against, and then it has rebuttals to 526 00:27:05,240 --> 00:27:07,720 Speaker 1: the arguments and for and arguments against. I need to 527 00:27:07,840 --> 00:27:11,520 Speaker 1: know both sides in order to take the medicine. I 528 00:27:11,560 --> 00:27:13,920 Speaker 1: should have informed consent. But if I can't hear about 529 00:27:14,040 --> 00:27:18,040 Speaker 1: the potential side effects, how can I be informed? Anyway? 530 00:27:18,080 --> 00:27:19,440 Speaker 1: If you're just tuning in, you're listening to the Mark 531 00:27:19,480 --> 00:27:22,080 Speaker 1: Mas Show, we're talking about censorship and a reduction in 532 00:27:22,080 --> 00:27:24,239 Speaker 1: your privacy. We're always talking about how to build your 533 00:27:24,280 --> 00:27:26,199 Speaker 1: wealth and maintain your privacy. I gotta take a very 534 00:27:26,200 --> 00:27:27,840 Speaker 1: short break, but I'll be right back. Don't go away, 535 00:27:28,560 --> 00:27:30,040 Speaker 1: all right, Welcome back. If you're just tune in, you're 536 00:27:30,040 --> 00:27:32,080 Speaker 1: listening to the Mark mass Show, We're always talking about 537 00:27:32,080 --> 00:27:35,800 Speaker 1: building your wealth and building and protecting your freedoms and 538 00:27:36,359 --> 00:27:39,040 Speaker 1: your wealth and your freedom, it's always under attack. It's 539 00:27:39,119 --> 00:27:40,919 Speaker 1: up to you to preserve it. It's up to you 540 00:27:40,960 --> 00:27:44,040 Speaker 1: to build it. You know your wealth is being silently, 541 00:27:44,400 --> 00:27:47,760 Speaker 1: secretly siphoned off and stolen from you, and it's being 542 00:27:47,840 --> 00:27:51,879 Speaker 1: done that way through illegal taxation and not I'm not 543 00:27:51,920 --> 00:27:53,640 Speaker 1: talking about the amount of money you send to the RS. 544 00:27:53,680 --> 00:27:58,560 Speaker 1: I'm talking about inflation. Inflation is that secret hidden tax 545 00:27:59,200 --> 00:28:03,200 Speaker 1: because the governments know that they can't just continue to taxes. 546 00:28:03,280 --> 00:28:04,840 Speaker 1: As a matter of fact, even if they took one 547 00:28:04,920 --> 00:28:07,200 Speaker 1: hundred percent of all the money of everybody, it wouldn't 548 00:28:07,200 --> 00:28:09,399 Speaker 1: even come close to paying off the debt. There's just 549 00:28:09,520 --> 00:28:13,480 Speaker 1: not enough money there, and they're taxing about as much 550 00:28:13,560 --> 00:28:16,840 Speaker 1: as they can. As a matter of fact, lots of 551 00:28:16,880 --> 00:28:19,440 Speaker 1: reports have been shown that regardless of what the tax 552 00:28:19,520 --> 00:28:21,879 Speaker 1: rates are, whether the taxes go up, the percentage of 553 00:28:21,880 --> 00:28:25,080 Speaker 1: tax they charge you goes up or down, the amount 554 00:28:25,240 --> 00:28:29,399 Speaker 1: of the revenue the government receives as a percentage of 555 00:28:29,560 --> 00:28:33,640 Speaker 1: GDP stays about the same. What does that mean. That 556 00:28:33,680 --> 00:28:36,280 Speaker 1: means that when they take more money away from you, 557 00:28:37,280 --> 00:28:43,760 Speaker 1: GDP actually goes down and vice versa. Why, well, it's 558 00:28:43,800 --> 00:28:47,280 Speaker 1: pretty simple. If they let me keep more money, then 559 00:28:47,320 --> 00:28:49,240 Speaker 1: what am I going to do? Well, I'm probably going 560 00:28:49,360 --> 00:28:52,160 Speaker 1: to spend more money, and I'm probably going to invest 561 00:28:52,280 --> 00:28:55,680 Speaker 1: and grow that money. If they take that money from me, 562 00:28:55,960 --> 00:28:58,600 Speaker 1: then I can't spend it and I can't invest it 563 00:28:58,640 --> 00:29:02,600 Speaker 1: and grow it, and they destroy it. So, of course, 564 00:29:02,760 --> 00:29:05,240 Speaker 1: as they give us and let us keep more of 565 00:29:05,280 --> 00:29:08,200 Speaker 1: our money, we spend more. GDP goes up, which is 566 00:29:08,240 --> 00:29:12,040 Speaker 1: good for everybody except for the government. Now think about 567 00:29:12,080 --> 00:29:15,440 Speaker 1: it like this. If you were able to keep one 568 00:29:15,560 --> 00:29:19,320 Speaker 1: hundred percent of your income, I guess you'd be free, 569 00:29:19,520 --> 00:29:22,640 Speaker 1: right if they take one hundred If they take one 570 00:29:22,720 --> 00:29:26,080 Speaker 1: hundred percent of your income, you're like a slave. What 571 00:29:26,160 --> 00:29:30,320 Speaker 1: happens when they take fifty percent of your income. I'll 572 00:29:30,360 --> 00:29:32,520 Speaker 1: let you think about that. But of course they can't 573 00:29:32,520 --> 00:29:34,600 Speaker 1: take more than about fifty percent of your income because 574 00:29:34,600 --> 00:29:36,800 Speaker 1: they'll destroy the economy. But more importantly, they're going to 575 00:29:36,800 --> 00:29:38,720 Speaker 1: have a revolt on our hands. People will not put 576 00:29:38,800 --> 00:29:42,040 Speaker 1: up with it. So what do they do. They secretly 577 00:29:42,120 --> 00:29:46,000 Speaker 1: steal your wealth through inflation. So they just print themselves 578 00:29:46,000 --> 00:29:48,320 Speaker 1: more money. We can't go out and get more money 579 00:29:48,320 --> 00:29:51,040 Speaker 1: through tax revenue to fund the government and all these 580 00:29:51,080 --> 00:29:54,120 Speaker 1: stupid wars and all these other programs that you don't 581 00:29:54,120 --> 00:29:55,719 Speaker 1: want or don't like. You're not going to fund that. 582 00:29:55,840 --> 00:29:58,200 Speaker 1: So what we'll do is we'll just print the money. 583 00:29:58,640 --> 00:30:02,400 Speaker 1: We'll inflate the monetary supply to do that. The effect, though, 584 00:30:02,520 --> 00:30:06,800 Speaker 1: is as they print more money, the purchasing power, the 585 00:30:06,920 --> 00:30:09,680 Speaker 1: value of your dollars goes down. That's why it's theft. 586 00:30:10,200 --> 00:30:11,920 Speaker 1: You had one hundred thousand dollars in a bank acount 587 00:30:12,520 --> 00:30:14,760 Speaker 1: three years ago. You still have one hundred thousand inar 588 00:30:14,760 --> 00:30:19,040 Speaker 1: bank count today. The problem is it buys you fifty 589 00:30:19,080 --> 00:30:23,240 Speaker 1: percent less house, and fifty percent less gas for your car, 590 00:30:23,440 --> 00:30:26,120 Speaker 1: and fifty percent less food. So even though you still 591 00:30:26,160 --> 00:30:28,719 Speaker 1: have one hundred thousand dollars, it buys you half of 592 00:30:28,720 --> 00:30:31,400 Speaker 1: what it used to do. Because they stole secretly the 593 00:30:31,440 --> 00:30:35,600 Speaker 1: purchasing power out of there. That's why inflation is so bad. Now. 594 00:30:35,640 --> 00:30:39,120 Speaker 1: Big news came out this week. Heray, horay, CPI is 595 00:30:39,160 --> 00:30:42,200 Speaker 1: finally down. It looks like finally the Fed is winning. 596 00:30:42,640 --> 00:30:45,160 Speaker 1: The Fed has won the war on inflation. Months and 597 00:30:45,240 --> 00:30:48,880 Speaker 1: months of hotter than expected CPI prints, consumer price inflation 598 00:30:49,120 --> 00:30:53,240 Speaker 1: and consumer price inflation prints have come out. And now 599 00:30:53,280 --> 00:30:56,720 Speaker 1: we saw this week the October CPI print came out 600 00:30:57,920 --> 00:31:01,480 Speaker 1: a little bit better than expected. Hooray hereray the job 601 00:31:01,560 --> 00:31:04,520 Speaker 1: is done. Now. Year over, your headline is still three 602 00:31:04,600 --> 00:31:09,640 Speaker 1: point two percent. Core inflation is still four percent. Right, 603 00:31:09,840 --> 00:31:12,520 Speaker 1: this is not good. If the CPI number, which it 604 00:31:12,560 --> 00:31:16,000 Speaker 1: has dropped from about nine percent, it's dropped from nine 605 00:31:16,160 --> 00:31:19,160 Speaker 1: all the way down to three percent. That doesn't mean 606 00:31:19,160 --> 00:31:22,400 Speaker 1: prices are coming down. That means prices are still going up, 607 00:31:22,680 --> 00:31:25,080 Speaker 1: just a little bit slower than they were before. But 608 00:31:25,160 --> 00:31:26,960 Speaker 1: this isn't a good thing. As a matter of fact, 609 00:31:27,320 --> 00:31:29,640 Speaker 1: if you dig into the basket, we have to look 610 00:31:29,680 --> 00:31:33,120 Speaker 1: at what's going on here. So let's break this down. 611 00:31:33,560 --> 00:31:35,800 Speaker 1: What we can see if we break this down month 612 00:31:35,840 --> 00:31:38,040 Speaker 1: over month, and we can break it down into all 613 00:31:38,120 --> 00:31:41,040 Speaker 1: the items in the CPI basket. So we have food, 614 00:31:41,160 --> 00:31:44,360 Speaker 1: food at home, food away. We have energy, energy, commodities, 615 00:31:44,840 --> 00:31:50,120 Speaker 1: gas fuel, electricity, utility, we have commodities less food. We 616 00:31:50,160 --> 00:31:54,960 Speaker 1: have vehicles, used cars, new cars, apparel, medical costs, services, 617 00:31:55,000 --> 00:31:57,200 Speaker 1: All those things are in the sea by basket as 618 00:31:57,240 --> 00:31:59,320 Speaker 1: they should be, right because they're trying to track how 619 00:31:59,440 --> 00:32:02,040 Speaker 1: all these things change over time, and we can and 620 00:32:02,320 --> 00:32:03,800 Speaker 1: they put these numbers out and we can see them 621 00:32:03,880 --> 00:32:06,520 Speaker 1: changing month over month, and then we have a year 622 00:32:06,560 --> 00:32:10,080 Speaker 1: over year, and what we can see is that the 623 00:32:10,200 --> 00:32:13,760 Speaker 1: reason why the CPI has come down is mostly because 624 00:32:13,760 --> 00:32:17,200 Speaker 1: of energy. As a matter of fact, fuel oil is 625 00:32:17,280 --> 00:32:23,400 Speaker 1: down year over year twenty one point four percent. Hooray, heray, 626 00:32:23,520 --> 00:32:26,840 Speaker 1: So that's good, but that is what's really caused the 627 00:32:27,120 --> 00:32:29,880 Speaker 1: entire basket to come down. Energy as a holes down 628 00:32:29,920 --> 00:32:33,560 Speaker 1: four point five percent, fuels down twenty one percent, Utility 629 00:32:33,800 --> 00:32:38,000 Speaker 1: gas service. Utility is down fifteen point eight percent. Used 630 00:32:38,040 --> 00:32:41,840 Speaker 1: cars and trucks are down seven percent. But that's about it. 631 00:32:42,520 --> 00:32:46,680 Speaker 1: Everything is still up. So food up three point three percent. 632 00:32:47,800 --> 00:32:50,680 Speaker 1: You know the things that you care about, food, transportation, 633 00:32:51,280 --> 00:32:54,640 Speaker 1: and your house. Those things that you care about are 634 00:32:54,720 --> 00:32:58,520 Speaker 1: still up. Food three point three percent, food away from 635 00:32:58,520 --> 00:33:03,880 Speaker 1: home five point four percent. We have food less energy 636 00:33:04,000 --> 00:33:09,200 Speaker 1: four percent, We have medical care four point seven percent up, 637 00:33:11,120 --> 00:33:15,360 Speaker 1: and transportation services nine point two percent up year over year. 638 00:33:15,760 --> 00:33:20,520 Speaker 1: Shelters up six point seven percent here over year. So look, 639 00:33:20,760 --> 00:33:25,080 Speaker 1: don't get misled by these CPI numbers. They are way 640 00:33:25,120 --> 00:33:28,200 Speaker 1: worse than they look, and they're not going down. Now. 641 00:33:28,240 --> 00:33:31,800 Speaker 1: Why would they be showing us this for example, So 642 00:33:31,840 --> 00:33:34,680 Speaker 1: the FED has been running on a platform to bring 643 00:33:34,680 --> 00:33:37,360 Speaker 1: inflation down. They have to get that number down now. 644 00:33:37,360 --> 00:33:39,360 Speaker 1: I made a video on my main YouTube channel, just 645 00:33:39,400 --> 00:33:42,479 Speaker 1: search Mark Moss. I believe it was in January, and 646 00:33:42,520 --> 00:33:46,280 Speaker 1: I talked about how they're changing the way they calculate 647 00:33:46,320 --> 00:33:50,200 Speaker 1: the CPI basket and how if they changed these changes 648 00:33:50,240 --> 00:33:53,840 Speaker 1: they are put in place, if all, if nothing else happened, 649 00:33:53,880 --> 00:33:58,200 Speaker 1: but we only use this new calculation, by September and 650 00:33:58,280 --> 00:34:02,160 Speaker 1: October we would be down round three percent, And here 651 00:34:02,200 --> 00:34:04,640 Speaker 1: we have the October reading at three point two percent, 652 00:34:04,760 --> 00:34:07,360 Speaker 1: exactly what I projected. Now. It's not because I'm some 653 00:34:07,520 --> 00:34:11,080 Speaker 1: crystal ball, No, it's because I saw the new projection 654 00:34:11,200 --> 00:34:13,880 Speaker 1: that they were going to use. So what did they change? 655 00:34:13,880 --> 00:34:17,560 Speaker 1: So they've typically measured CPI off of a two year composition, 656 00:34:17,640 --> 00:34:20,440 Speaker 1: meaning they take the last two years and then measure 657 00:34:20,440 --> 00:34:23,160 Speaker 1: it to this to now. But what they changed is 658 00:34:23,200 --> 00:34:25,799 Speaker 1: they decided instead of looking at two years, we're only 659 00:34:25,840 --> 00:34:29,319 Speaker 1: going to look at a one year difference. And the 660 00:34:29,480 --> 00:34:32,000 Speaker 1: reason why that's different is makes them such a big 661 00:34:32,000 --> 00:34:36,239 Speaker 1: difference is because they measure year over year. So if 662 00:34:36,280 --> 00:34:39,279 Speaker 1: we're up, if we're measuring from a low point, it 663 00:34:39,320 --> 00:34:41,360 Speaker 1: looks much higher. If we measure from a high point, 664 00:34:41,440 --> 00:34:44,359 Speaker 1: it looks much lower. And a year ago was the 665 00:34:44,560 --> 00:34:47,680 Speaker 1: highest inflation we saw, that's where we reached over nine percent. 666 00:34:48,200 --> 00:34:50,799 Speaker 1: So obviously, if you're only going to measure from that 667 00:34:50,920 --> 00:34:52,799 Speaker 1: one year, you're not averaging out when it's lower. You're 668 00:34:52,840 --> 00:34:55,800 Speaker 1: only measuring from the high point of nine percent. Obviously 669 00:34:55,800 --> 00:34:58,600 Speaker 1: it's going to be lower, which is exactly what we've seen. 670 00:35:00,280 --> 00:35:04,520 Speaker 1: But again this is all tricks. It's all magic tricks, 671 00:35:04,520 --> 00:35:08,239 Speaker 1: it's all math, if you will. Now, part of what 672 00:35:08,239 --> 00:35:12,279 Speaker 1: we're seeing is the CPI is magically tracking the M 673 00:35:12,400 --> 00:35:17,640 Speaker 1: to money supply, that is, the supply of the money. Remember, 674 00:35:19,040 --> 00:35:22,799 Speaker 1: from an Austrian viewpoint, inflation is like a balloon. If 675 00:35:22,800 --> 00:35:25,120 Speaker 1: you think about a balloon, you inflate a balloon with air, 676 00:35:25,520 --> 00:35:29,400 Speaker 1: I've increased the capacity or the volume of air inside 677 00:35:29,440 --> 00:35:32,520 Speaker 1: that balloon. Inflation is the same way when we increase 678 00:35:32,600 --> 00:35:36,120 Speaker 1: the supply of money. So when M two's the supply 679 00:35:36,200 --> 00:35:39,080 Speaker 1: of money goes up, we see CPI inflation go up. 680 00:35:39,360 --> 00:35:42,360 Speaker 1: CPI today, as we're talking about now, is really measuring 681 00:35:42,480 --> 00:35:46,760 Speaker 1: prices consumer price inflation. What happens is when you inflate 682 00:35:46,800 --> 00:35:49,759 Speaker 1: the money supply, then the prices go up as well, 683 00:35:49,760 --> 00:35:52,720 Speaker 1: but that's more of the effect of increasing the money supply, 684 00:35:53,080 --> 00:35:56,040 Speaker 1: so it's not directly correlated, which is why prices are 685 00:35:56,080 --> 00:35:58,960 Speaker 1: all over the board. Some prices are higher, some prices 686 00:35:59,000 --> 00:36:01,680 Speaker 1: are lower, because prices are really set by supply and demand. 687 00:36:01,960 --> 00:36:04,279 Speaker 1: But what happens is when the money supply goes up, 688 00:36:04,320 --> 00:36:08,239 Speaker 1: there's more money chasing the limited supply, so the demand 689 00:36:08,560 --> 00:36:12,000 Speaker 1: goes up when you've increased the money supply, and if 690 00:36:12,040 --> 00:36:13,640 Speaker 1: the goods don't go up with the amount of demand, 691 00:36:13,880 --> 00:36:18,400 Speaker 1: then the prices go up. So that is what's happening. 692 00:36:18,440 --> 00:36:21,239 Speaker 1: But the FED wants to declare a big win. I'm 693 00:36:21,280 --> 00:36:23,880 Speaker 1: an inflation bowl. I believe this is the lowest inflation 694 00:36:23,920 --> 00:36:25,640 Speaker 1: we'll see for the record for the decade. But it 695 00:36:25,680 --> 00:36:29,279 Speaker 1: comes in waves. So yes, we've seen some disinflation. We've 696 00:36:29,320 --> 00:36:31,719 Speaker 1: gone from nine percent down to three percent thanks to 697 00:36:31,760 --> 00:36:34,160 Speaker 1: some smoke and mirrors. I believe it continues to go 698 00:36:34,200 --> 00:36:36,160 Speaker 1: up higher from here and then they'll come down again, 699 00:36:36,200 --> 00:36:38,000 Speaker 1: and then we'll go up again. If you're just tune in, 700 00:36:38,000 --> 00:36:40,480 Speaker 1: you're listening to the Mark mos Show talking about building 701 00:36:40,480 --> 00:36:43,200 Speaker 1: and protecting your wealth and your freedom, talking about some 702 00:36:43,280 --> 00:36:45,839 Speaker 1: CPI prints. But that's what we got for today. These 703 00:36:45,840 --> 00:36:47,600 Speaker 1: are some of the biggest news headlines and what they 704 00:36:47,640 --> 00:36:50,000 Speaker 1: mean for you, so you know what to do next. 705 00:36:50,320 --> 00:36:52,520 Speaker 1: All right, If you're listening on the podcast app, please 706 00:36:52,800 --> 00:36:54,560 Speaker 1: like and review this. I'd love it if you could 707 00:36:54,560 --> 00:36:56,560 Speaker 1: just leave me a review on the podcast, follow me 708 00:36:56,600 --> 00:36:58,799 Speaker 1: on social media, Mark Moss And that's what I got. 709 00:36:58,800 --> 00:37:00,280 Speaker 1: Thanks so much for listening except