1 00:00:00,000 --> 00:00:02,240 Speaker 1: Hello, and welcome to another episode of The Mark Mass Show, 2 00:00:02,279 --> 00:00:05,160 Speaker 1: where of course we're always talking about the decentralized revolution, 3 00:00:05,240 --> 00:00:07,760 Speaker 1: the way the world is changing, and of course yes 4 00:00:07,840 --> 00:00:10,639 Speaker 1: we look at it through the lenses of politics, finance, 5 00:00:10,640 --> 00:00:13,720 Speaker 1: and technology. It's the convergence of those three things that 6 00:00:13,800 --> 00:00:16,800 Speaker 1: give us context to what the heck's going on, because 7 00:00:16,840 --> 00:00:21,280 Speaker 1: it seems very very crazy now it is crazy, and 8 00:00:21,320 --> 00:00:22,840 Speaker 1: I want to bring to you some of the latest 9 00:00:22,840 --> 00:00:25,599 Speaker 1: breaking news so you know what's going on, and explain 10 00:00:25,640 --> 00:00:27,560 Speaker 1: it to you so you can start to see how 11 00:00:27,600 --> 00:00:29,880 Speaker 1: this fits into this great narrative. Now, if you've been 12 00:00:29,920 --> 00:00:32,080 Speaker 1: paying attention to the news for the last couple of days, 13 00:00:32,320 --> 00:00:36,120 Speaker 1: I'm sure you've seen it. And it's a pretty troubling sign. 14 00:00:36,360 --> 00:00:40,640 Speaker 1: It's been bothering me. I saw a video yesterday or 15 00:00:40,680 --> 00:00:43,920 Speaker 1: day before yesterday of somebody walking through, like with a 16 00:00:43,960 --> 00:00:47,680 Speaker 1: selfie video, walking through a line longer than you could 17 00:00:47,720 --> 00:00:50,760 Speaker 1: imagine if people waiting in line at night on like 18 00:00:50,760 --> 00:00:54,160 Speaker 1: a city street, and all of these people were waiting 19 00:00:54,200 --> 00:00:59,200 Speaker 1: in line to have their eyeballs scanned, their retina scan 20 00:00:59,400 --> 00:01:03,240 Speaker 1: and put into a database. All of these people were 21 00:01:03,280 --> 00:01:07,080 Speaker 1: willingly waiting in line, not just do now, I hate 22 00:01:07,080 --> 00:01:08,800 Speaker 1: waiting in lines. I don't know about you, but like 23 00:01:08,880 --> 00:01:10,640 Speaker 1: I don't wait in lines for nothing. I'd much rather 24 00:01:10,720 --> 00:01:13,160 Speaker 1: just pay more. I don't need to wait in line 25 00:01:13,160 --> 00:01:14,800 Speaker 1: all night for Black Friday sale. I'll just pay more 26 00:01:14,840 --> 00:01:17,319 Speaker 1: on the day before or whatever. These two are waiting 27 00:01:17,360 --> 00:01:21,000 Speaker 1: in line to willingly let their eyeballs be scanned to 28 00:01:21,080 --> 00:01:22,960 Speaker 1: go into some database that they don't know where it's going, 29 00:01:22,959 --> 00:01:24,600 Speaker 1: what it's being used for, who's going to control it 30 00:01:25,240 --> 00:01:30,920 Speaker 1: in exchange for something called world coin. Sam Altman, the 31 00:01:30,959 --> 00:01:35,800 Speaker 1: founder of chat GPT, released as much anticipated crypto project, 32 00:01:36,720 --> 00:01:39,560 Speaker 1: and the goal is simple for him, not so simple 33 00:01:39,560 --> 00:01:42,200 Speaker 1: for me. A global financial and identity network based on 34 00:01:42,440 --> 00:01:48,560 Speaker 1: proof of personhood, which is maybe part of what he's 35 00:01:48,600 --> 00:01:52,080 Speaker 1: trying to do with the AI era. So he wants 36 00:01:52,160 --> 00:01:55,840 Speaker 1: to prove that people are actually real people and not 37 00:01:56,040 --> 00:02:00,960 Speaker 1: AI machines. Now what's interesting about this is Andreas on 38 00:02:01,000 --> 00:02:05,680 Speaker 1: top of this, one of the OGG like bitcoin educators, 39 00:02:05,720 --> 00:02:07,480 Speaker 1: he wrote a number of books, one of which is 40 00:02:07,480 --> 00:02:09,840 Speaker 1: called or two. Hehually wrote two books called The Internet 41 00:02:09,880 --> 00:02:12,640 Speaker 1: of Money Volume one and two. Highly recommend you reading them. 42 00:02:12,639 --> 00:02:14,960 Speaker 1: They're like booklets. You can get them on Amazon. Highly 43 00:02:15,000 --> 00:02:17,120 Speaker 1: recommend you read those but I mean you talked about 44 00:02:17,120 --> 00:02:21,640 Speaker 1: how bitcoin is borderless, permissionless, these things, but it's also 45 00:02:21,919 --> 00:02:26,919 Speaker 1: personless personless, which is pretty interesting. Right. A person can 46 00:02:26,919 --> 00:02:30,760 Speaker 1: get a bank account, a machine cannot get a bank account, right. 47 00:02:31,600 --> 00:02:33,200 Speaker 1: And he talks about like where you could have like 48 00:02:33,240 --> 00:02:35,639 Speaker 1: autonomous vehicles that could go around and drive an uber 49 00:02:35,680 --> 00:02:38,600 Speaker 1: route for example, and they could get paid. But what 50 00:02:38,639 --> 00:02:40,760 Speaker 1: he's trying to introduce, some ultimated with his worldcoin is 51 00:02:40,800 --> 00:02:46,720 Speaker 1: reintroduce person hood. Now. He made cool, you know, quarter 52 00:02:46,760 --> 00:02:49,120 Speaker 1: billion dollars, no big deal, two and fife million dollars 53 00:02:49,639 --> 00:02:53,400 Speaker 1: creating this token, and then you got these eyeball scanning 54 00:02:54,080 --> 00:02:57,360 Speaker 1: nodes that are being sent all over the world, and 55 00:02:57,440 --> 00:02:59,600 Speaker 1: like I said, people are standing in line to do this, 56 00:03:00,080 --> 00:03:05,520 Speaker 1: to have their eyeball scanned. It's very murky and unclear 57 00:03:05,600 --> 00:03:09,040 Speaker 1: exactly what he's trying to do. But what scares me 58 00:03:09,120 --> 00:03:11,840 Speaker 1: about this is that in a world where we're continuing 59 00:03:11,880 --> 00:03:13,920 Speaker 1: to lose more and more and more of our privacy, 60 00:03:15,560 --> 00:03:17,720 Speaker 1: and we're seeing how that's being used against us, and 61 00:03:17,760 --> 00:03:22,560 Speaker 1: we look no further than China, how willing people are 62 00:03:22,639 --> 00:03:25,000 Speaker 1: to just go and just give that up for what 63 00:03:25,760 --> 00:03:28,760 Speaker 1: they don't even know what it's for they've been told 64 00:03:29,360 --> 00:03:31,519 Speaker 1: that if they do this, they're going to be given 65 00:03:31,840 --> 00:03:37,480 Speaker 1: some free world coin tokens that might be worth something. Now, 66 00:03:37,640 --> 00:03:40,800 Speaker 1: what's interesting about this is that they can't do this 67 00:03:40,880 --> 00:03:44,360 Speaker 1: in the US. In the United States for the SEC's regulations, 68 00:03:44,600 --> 00:03:47,760 Speaker 1: they're not allowed to just air drop or give tokens away. 69 00:03:48,120 --> 00:03:50,280 Speaker 1: So now we have all these people in the United 70 00:03:50,320 --> 00:03:53,680 Speaker 1: States standing in line to get their eyeball scanned, and 71 00:03:53,720 --> 00:03:56,800 Speaker 1: they can't even get the tokens. So that's pretty scary. 72 00:03:58,000 --> 00:04:00,360 Speaker 1: It scares me for the future of humans any when 73 00:04:00,400 --> 00:04:02,240 Speaker 1: people think like that and haven't even really thought through 74 00:04:02,280 --> 00:04:03,880 Speaker 1: a red the fine print, even know what they're doing. 75 00:04:03,960 --> 00:04:06,960 Speaker 1: Giving up all their privacy in exchange for something they 76 00:04:06,960 --> 00:04:10,240 Speaker 1: can't even get pretty scary. Now, in order to do this, 77 00:04:10,320 --> 00:04:11,680 Speaker 1: you have to visit one of what they call an 78 00:04:11,800 --> 00:04:14,800 Speaker 1: ORB you get your retina scan. Like I said, there's 79 00:04:14,800 --> 00:04:16,919 Speaker 1: a one hundred and fifty orbs and thirty five different 80 00:04:16,920 --> 00:04:21,680 Speaker 1: cities all around the world. Creates this personhood and supposedly, 81 00:04:22,040 --> 00:04:26,160 Speaker 1: supposedly it verifies that you're human, but it keeps your 82 00:04:26,200 --> 00:04:31,240 Speaker 1: identity private, and they keep it private. Do they know 83 00:04:31,279 --> 00:04:34,119 Speaker 1: though they just problem us to tell anybody. We probably 84 00:04:34,160 --> 00:04:37,479 Speaker 1: don't know it's proprietary, so that's pretty scary. They're calling 85 00:04:37,520 --> 00:04:39,680 Speaker 1: it like a digital passport, so it seems like it's 86 00:04:39,720 --> 00:04:42,200 Speaker 1: sort of like a play where they want to build 87 00:04:42,200 --> 00:04:46,960 Speaker 1: the biggest database of IDs, digital IDs, and they could 88 00:04:46,960 --> 00:04:49,160 Speaker 1: control it. Now, in China, you're not allowed to have 89 00:04:49,200 --> 00:04:51,719 Speaker 1: access to the Internet unless you go through a facial 90 00:04:51,760 --> 00:04:54,839 Speaker 1: recognition scan, So they want to know who everybody is 91 00:04:54,839 --> 00:04:57,280 Speaker 1: on the Internet in case you say something mean about 92 00:04:57,320 --> 00:05:00,000 Speaker 1: the government that they don't want, then they know exactly 93 00:05:00,080 --> 00:05:02,760 Speaker 1: who said it. No more anonymous using anymore, and that's 94 00:05:02,800 --> 00:05:05,680 Speaker 1: exactly what this is setting up. They don't want you 95 00:05:05,760 --> 00:05:08,760 Speaker 1: to be anonymous user anymore because they want there to 96 00:05:08,800 --> 00:05:11,880 Speaker 1: be consequences if you say something. See in China, they 97 00:05:11,880 --> 00:05:14,000 Speaker 1: have freedom of speech, just like the United States does. 98 00:05:14,440 --> 00:05:16,360 Speaker 1: You can say whatever you want in China, you just 99 00:05:16,440 --> 00:05:18,160 Speaker 1: might end up in a concentration camp and have your 100 00:05:18,240 --> 00:05:22,480 Speaker 1: organs removed. You're free to say it, but you may 101 00:05:22,520 --> 00:05:26,720 Speaker 1: not be free after you say it. Now, the US 102 00:05:26,839 --> 00:05:28,840 Speaker 1: is supposed to freedom of speech. I say what I 103 00:05:28,880 --> 00:05:31,800 Speaker 1: want freely, and I'm free after I say it. Of course, 104 00:05:31,839 --> 00:05:33,839 Speaker 1: we're seeing that change right in front of us as well. 105 00:05:33,960 --> 00:05:35,520 Speaker 1: We're gonna get to more of that in a minute. 106 00:05:36,040 --> 00:05:37,719 Speaker 1: Some things that have happened this last week to show 107 00:05:37,720 --> 00:05:39,359 Speaker 1: how this is changed in the United States. But like 108 00:05:39,400 --> 00:05:41,640 Speaker 1: I said, in China, you're not free after you say it. 109 00:05:41,800 --> 00:05:45,120 Speaker 1: In China, they shame their citizens, They put them on blacklist, 110 00:05:45,279 --> 00:05:48,120 Speaker 1: They put their faces all over billboards around town to 111 00:05:48,240 --> 00:05:50,760 Speaker 1: show who that is. So this world coin is taking 112 00:05:50,800 --> 00:05:52,760 Speaker 1: a scary turn. And like I said, most importantly, I'm 113 00:05:52,760 --> 00:05:54,720 Speaker 1: just scared for all the people that are going and 114 00:05:54,760 --> 00:05:56,800 Speaker 1: standing in line, because it just shows where we're at 115 00:05:56,839 --> 00:06:01,599 Speaker 1: as a humanity heading down this path. The opposite of 116 00:06:01,640 --> 00:06:08,839 Speaker 1: that is bitcoin. Bitcoin is borderless, permissionless, trust lists. Nobody 117 00:06:08,839 --> 00:06:11,560 Speaker 1: needs my retina, nobody knows who I am, nobody needs 118 00:06:11,560 --> 00:06:14,080 Speaker 1: an idea on me, and we can all trust. We 119 00:06:14,120 --> 00:06:16,240 Speaker 1: don't have to trust it because it's open. We can 120 00:06:16,279 --> 00:06:20,760 Speaker 1: all verify instead of trusting, we verify. Now. Of course, 121 00:06:20,920 --> 00:06:23,320 Speaker 1: as these things happen, as more and more things that 122 00:06:23,360 --> 00:06:26,120 Speaker 1: the government do happen, they start to do the marketing 123 00:06:26,160 --> 00:06:29,640 Speaker 1: for bitcoin for us. I'm going to talk more about 124 00:06:29,640 --> 00:06:32,280 Speaker 1: this in a little bit. Some very prominent people around 125 00:06:32,279 --> 00:06:33,960 Speaker 1: the world have been getting their bank accounts shut down. 126 00:06:34,000 --> 00:06:37,159 Speaker 1: They're being dbanked. So what do they do. Well, if 127 00:06:37,160 --> 00:06:38,640 Speaker 1: I'm kicked out of the financial system, what do I 128 00:06:38,720 --> 00:06:40,600 Speaker 1: do Well, I'm not going to die. I need some 129 00:06:40,760 --> 00:06:42,520 Speaker 1: ulph to put my value. Well, bitcoin seems like a 130 00:06:42,520 --> 00:06:45,599 Speaker 1: good alternative. And so while a lot of people to think, well, 131 00:06:45,920 --> 00:06:48,080 Speaker 1: why do we need something like bitcoin, Well, they're certainly 132 00:06:48,120 --> 00:06:51,800 Speaker 1: they're certainly finding out very very quickly right now. And 133 00:06:51,920 --> 00:06:53,680 Speaker 1: while that's doing. Of course, bitcoin has been the best 134 00:06:53,680 --> 00:06:56,640 Speaker 1: performing asset of twenty twenty three. It's I've obviously been 135 00:06:56,680 --> 00:07:00,760 Speaker 1: the best performing asset since twenty ten. It's also the 136 00:07:00,760 --> 00:07:03,160 Speaker 1: best performing asset of twenty twenty three, and more and 137 00:07:03,200 --> 00:07:05,719 Speaker 1: more people buying. And of course, now the evil Empire Blackrock, 138 00:07:06,440 --> 00:07:09,760 Speaker 1: you know, quasi semi partner of the government, has now 139 00:07:10,000 --> 00:07:11,800 Speaker 1: decided to jump into bigcoin and now they're trying to 140 00:07:11,800 --> 00:07:13,679 Speaker 1: open up an ETF. We'll see if they get that through. 141 00:07:14,000 --> 00:07:16,680 Speaker 1: But there's three analysts from Blackrock that put out a 142 00:07:16,720 --> 00:07:20,720 Speaker 1: report this last week talking what they think the perfect 143 00:07:20,760 --> 00:07:24,000 Speaker 1: portfolio allocation would be. Now, historically, if you like about 144 00:07:24,000 --> 00:07:27,200 Speaker 1: the last fifty years, your financial advisor has most likely 145 00:07:27,440 --> 00:07:29,480 Speaker 1: told you that you should have a sixty to forty 146 00:07:29,880 --> 00:07:34,240 Speaker 1: bond to stock portfolio sixty percent stocks forty percent bonds, 147 00:07:34,440 --> 00:07:38,480 Speaker 1: and having that allocation would be the perfect portfolio for 148 00:07:38,520 --> 00:07:42,280 Speaker 1: your you know, forty year savings retirement, et cetera. But 149 00:07:42,360 --> 00:07:46,920 Speaker 1: these Blackrock analysts have now gone in to see if 150 00:07:46,960 --> 00:07:48,880 Speaker 1: that's still correct, and as a matter of fact, they 151 00:07:48,920 --> 00:07:51,320 Speaker 1: came out with something totally different. And as a matter 152 00:07:51,360 --> 00:07:53,960 Speaker 1: of fact, it's so different that you're probably not going 153 00:07:54,000 --> 00:07:56,000 Speaker 1: to believe me. So I hope that you go to 154 00:07:56,000 --> 00:07:58,200 Speaker 1: Google and fact checked me on this. But you can 155 00:07:58,240 --> 00:08:01,480 Speaker 1: find the report the Blackrock analysts where and you can 156 00:08:01,520 --> 00:08:02,920 Speaker 1: see all the data that they have there. And what 157 00:08:03,000 --> 00:08:06,600 Speaker 1: they said is that the perfect portfolio would be only 158 00:08:07,120 --> 00:08:11,200 Speaker 1: six percent in bonds, six point zero four percent to 159 00:08:11,240 --> 00:08:15,720 Speaker 1: be exact, nine point zero six percent in stocks, and 160 00:08:16,000 --> 00:08:23,480 Speaker 1: eighty four point nine percent in bitcoin. Wow, what what Blackrock? 161 00:08:24,240 --> 00:08:27,480 Speaker 1: They have more assets under management anybody. Their business is 162 00:08:27,920 --> 00:08:31,320 Speaker 1: investing your money in stocks for you. Their analysts said 163 00:08:31,400 --> 00:08:34,240 Speaker 1: that you should only have a nine percent allocation of stocks, 164 00:08:34,240 --> 00:08:36,440 Speaker 1: a six percent allocation of bonds, and an eighty five 165 00:08:36,480 --> 00:08:41,120 Speaker 1: percent allocation to bitcoin. That's what they said. Now bitcoin's 166 00:08:41,160 --> 00:08:46,360 Speaker 1: averaged a two hundred percent compounded annual growth rate, they said, 167 00:08:46,400 --> 00:08:48,800 Speaker 1: now it's down to about one hundred and fifty percent 168 00:08:48,880 --> 00:08:52,920 Speaker 1: compounded annual growth rate, but compared to stocks about six percent. 169 00:08:52,960 --> 00:08:54,559 Speaker 1: So would you rather have six percent one hundred and 170 00:08:54,559 --> 00:08:57,640 Speaker 1: fifty percent? I think the answer is pretty clear, and 171 00:08:57,679 --> 00:08:59,800 Speaker 1: so that's why black Rock had to come out and 172 00:08:59,800 --> 00:09:02,199 Speaker 1: say that. And so maybe that makes you think a 173 00:09:02,240 --> 00:09:04,160 Speaker 1: little bit differently about it. If you're just tuning in 174 00:09:04,200 --> 00:09:06,560 Speaker 1: your listening to the Mark Mass Show, I'm gonna take 175 00:09:06,559 --> 00:09:08,559 Speaker 1: a quick break, and after this break, I'll be right back. 176 00:09:08,559 --> 00:09:13,200 Speaker 1: Don't go away, We're back, all right, Welcome back. If 177 00:09:13,200 --> 00:09:15,280 Speaker 1: you're just tune in, you're listening to the Mark Mass Show. 178 00:09:15,320 --> 00:09:19,319 Speaker 1: Of course, we're talking about the decentralized revolution, right, We're 179 00:09:19,320 --> 00:09:20,760 Speaker 1: talking about each and other week and we're running through 180 00:09:20,760 --> 00:09:23,640 Speaker 1: some of the latest breaking news headlines to show you 181 00:09:23,760 --> 00:09:27,240 Speaker 1: just how far things are progressing, how fast they're going. 182 00:09:27,840 --> 00:09:30,080 Speaker 1: And you know, it's sort of like sometimes you have 183 00:09:30,160 --> 00:09:32,760 Speaker 1: like this chicken or the egg situation, where like was 184 00:09:32,880 --> 00:09:36,400 Speaker 1: this created as a solution to that problem or is 185 00:09:36,440 --> 00:09:40,040 Speaker 1: this causing the devolution of the problem. And so you know, 186 00:09:40,080 --> 00:09:42,280 Speaker 1: when I think about bitcoin specifically, I think about it 187 00:09:42,320 --> 00:09:44,960 Speaker 1: in terms of that. And you know, for the last 188 00:09:45,440 --> 00:09:48,199 Speaker 1: six seven years that I've been publicly talking about it, 189 00:09:48,280 --> 00:09:52,480 Speaker 1: specifically in the United States and maybe you know, Western World, Canada, Europe, 190 00:09:52,480 --> 00:09:54,800 Speaker 1: et cetera. I get asked all the time, like why 191 00:09:54,840 --> 00:09:56,920 Speaker 1: why do we need something like bitcoin, why do we 192 00:09:56,960 --> 00:09:59,440 Speaker 1: need that, why do we need decentralized technologies? And things 193 00:09:59,480 --> 00:10:03,280 Speaker 1: like that. When you talk to people in third world 194 00:10:03,320 --> 00:10:06,400 Speaker 1: countries or very harsh authority in regimes, you don't have 195 00:10:06,480 --> 00:10:09,120 Speaker 1: to They don't ask those questions. So if you live 196 00:10:09,120 --> 00:10:12,000 Speaker 1: in Turkey or Venezuela or Argentina or Lebanon or any 197 00:10:12,000 --> 00:10:15,000 Speaker 1: of these countries where you're seeing double to triple digit inflation, 198 00:10:15,679 --> 00:10:17,400 Speaker 1: you don't have to be told why you should need 199 00:10:17,440 --> 00:10:20,480 Speaker 1: another currency. They already know. They're trying to get out 200 00:10:20,520 --> 00:10:21,960 Speaker 1: of that currency as fast they can, which is why 201 00:10:22,000 --> 00:10:24,520 Speaker 1: those countries impose like capital controls to force them in. 202 00:10:25,120 --> 00:10:27,840 Speaker 1: If you live in North Korea or China, where your 203 00:10:27,880 --> 00:10:30,160 Speaker 1: transactions are censored and you can only buy what they 204 00:10:30,160 --> 00:10:32,720 Speaker 1: tell you can buy, you don't have to be told 205 00:10:33,080 --> 00:10:35,600 Speaker 1: why you need a currency that nobody can control. You 206 00:10:35,679 --> 00:10:38,760 Speaker 1: already want that. Only if you live in the United 207 00:10:38,760 --> 00:10:41,400 Speaker 1: States or Canada or Western Europe do you ask a 208 00:10:41,480 --> 00:10:43,839 Speaker 1: question like that, And you would only ask that question 209 00:10:43,880 --> 00:10:46,200 Speaker 1: if you have absolutely no idea what the heck the 210 00:10:46,200 --> 00:10:48,600 Speaker 1: rest of the world is like because you never traveled, 211 00:10:48,600 --> 00:10:51,040 Speaker 1: then you've never paid attention. So you're in New York 212 00:10:51,040 --> 00:10:53,679 Speaker 1: City and Manhattan sipping a twenty dollars cocktail, What do 213 00:10:53,720 --> 00:10:55,960 Speaker 1: we need different money for our money work fine? Well, 214 00:10:56,000 --> 00:10:58,960 Speaker 1: it works fine for you. For the majority of the world, 215 00:10:59,120 --> 00:11:04,040 Speaker 1: it doesn't. Hosted a Twitter spaces call with presidential candidate R. FK. 216 00:11:04,280 --> 00:11:07,800 Speaker 1: Junior this week and he was asked on the call, 217 00:11:08,640 --> 00:11:11,600 Speaker 1: what was it that brought you to taking another look 218 00:11:11,600 --> 00:11:15,280 Speaker 1: at bitcoin? And he said it was the Canadian trucker protest. 219 00:11:15,640 --> 00:11:21,480 Speaker 1: When I saw Canadians practicing their constitutional rights to peaceful 220 00:11:21,600 --> 00:11:25,120 Speaker 1: lawbodying protest, you know, peaceful protests, he said, out there 221 00:11:25,160 --> 00:11:28,160 Speaker 1: singing songs and picking up trash and feeding the poor 222 00:11:28,480 --> 00:11:30,520 Speaker 1: and doing all these things, and they were demonized and 223 00:11:30,559 --> 00:11:33,480 Speaker 1: their money, their bank accounts were shut down. I knew 224 00:11:33,480 --> 00:11:37,120 Speaker 1: at that moment we needed something else. And so he, 225 00:11:37,880 --> 00:11:40,640 Speaker 1: as well as millions of other people, were brought to 226 00:11:40,679 --> 00:11:43,480 Speaker 1: this realization like, oh, shoot, we do need a different 227 00:11:43,480 --> 00:11:46,439 Speaker 1: money that the governments can't control. So maybe you maybe 228 00:11:46,440 --> 00:11:49,240 Speaker 1: that wasn't your point, but don't worry the government's going 229 00:11:49,280 --> 00:11:51,320 Speaker 1: to do their best to get you warmed up very quickly, 230 00:11:51,360 --> 00:11:53,880 Speaker 1: and of course we see more of that happening today. 231 00:11:54,720 --> 00:11:58,200 Speaker 1: Just this week we saw two very prominent people known 232 00:11:58,320 --> 00:12:02,480 Speaker 1: globally who found found Front and center why they need 233 00:12:02,520 --> 00:12:06,240 Speaker 1: a different money, one of which is Niseel Farage. You 234 00:12:06,320 --> 00:12:09,920 Speaker 1: might know Nisel Farage. He served in the UK Parliament. 235 00:12:10,880 --> 00:12:14,200 Speaker 1: He was instrumental in the Brexit situation, which a lot 236 00:12:14,240 --> 00:12:16,960 Speaker 1: of people in the UK have different opinions of Nisul 237 00:12:17,040 --> 00:12:20,320 Speaker 1: Farage depending on which side of the political al you're on. 238 00:12:20,720 --> 00:12:23,280 Speaker 1: I can tell you not that I'm an expert in 239 00:12:23,360 --> 00:12:27,280 Speaker 1: Brexit or what happened there. However, it's clearly the UK 240 00:12:27,360 --> 00:12:29,080 Speaker 1: wanted to be part of the EU, which is a 241 00:12:29,080 --> 00:12:33,000 Speaker 1: globalist and then the UK wanted to leave the EU, 242 00:12:33,160 --> 00:12:36,560 Speaker 1: which would be then decentralization. And so I believe that 243 00:12:36,600 --> 00:12:39,080 Speaker 1: the Brexit and Donald Trump and elected were signposts of 244 00:12:39,120 --> 00:12:41,760 Speaker 1: this decentralized revolution. I talk about that being said, I 245 00:12:41,760 --> 00:12:44,040 Speaker 1: did get a chance to meet Nigel Farage and talked 246 00:12:44,000 --> 00:12:46,719 Speaker 1: to him quite quite a bit. We've spoke at the 247 00:12:46,760 --> 00:12:50,120 Speaker 1: same conference Nomad Capitalists live in Mexico City last year 248 00:12:50,559 --> 00:12:52,680 Speaker 1: and I got to hang out with Nigel. We went outside, 249 00:12:52,720 --> 00:12:55,520 Speaker 1: he had a cigarette and we sat and chatted for 250 00:12:55,559 --> 00:12:58,240 Speaker 1: about thirty forty minutes. And I can tell you like 251 00:12:58,280 --> 00:13:01,400 Speaker 1: he's pretty based, Like he understands the threat of globalism 252 00:13:01,800 --> 00:13:04,960 Speaker 1: very well. He understands the threat of the global banking cartel, 253 00:13:05,160 --> 00:13:08,160 Speaker 1: He understands the threat of this entire global's agenda, and 254 00:13:08,200 --> 00:13:12,280 Speaker 1: he has fought against that. So it should come as 255 00:13:12,320 --> 00:13:15,440 Speaker 1: no surprise that, of course they don't like him and 256 00:13:15,480 --> 00:13:18,240 Speaker 1: they want to use every tool in their ability to 257 00:13:18,320 --> 00:13:21,280 Speaker 1: get rid of him, including censoring him on the internet, 258 00:13:21,360 --> 00:13:24,600 Speaker 1: smearing him and destroying his character. And the latest one 259 00:13:25,040 --> 00:13:28,720 Speaker 1: is that he has now been unbanked. What does that mean? 260 00:13:29,360 --> 00:13:31,600 Speaker 1: That means he is kicked out of the banking system. 261 00:13:31,640 --> 00:13:35,559 Speaker 1: That means he was notified that his accounts will all 262 00:13:35,600 --> 00:13:39,199 Speaker 1: be closed without warning. You accounts are closed and you 263 00:13:39,240 --> 00:13:43,160 Speaker 1: can't have a bank account anymore. What do you do 264 00:13:43,240 --> 00:13:45,800 Speaker 1: if you can't have a bank account, Well, exactly, you 265 00:13:45,800 --> 00:13:47,640 Speaker 1: don't do a lot. He's been talking about this and 266 00:13:47,640 --> 00:13:50,079 Speaker 1: a lot of people are like, you know, bitcoin, bitcoin, bitcoin, 267 00:13:50,200 --> 00:13:53,040 Speaker 1: But this is happening, and so now the whole world. 268 00:13:53,360 --> 00:13:55,280 Speaker 1: Even if you don't like Niser for us, you still 269 00:13:55,280 --> 00:13:56,880 Speaker 1: see what happened to him, and you go shoot. If 270 00:13:56,880 --> 00:13:58,520 Speaker 1: they can do it to him, they can probably do 271 00:13:58,600 --> 00:14:03,160 Speaker 1: it to me. Had another one somebody, another you know, 272 00:14:03,200 --> 00:14:06,640 Speaker 1: globally recognized figure, a personal friend of mine as well. 273 00:14:06,800 --> 00:14:11,280 Speaker 1: I'm talking about doctor Joseph Mercola. Doctor Joseph Accola is 274 00:14:11,880 --> 00:14:15,120 Speaker 1: one of the most famous, you know, natural pathic, holistic 275 00:14:15,200 --> 00:14:18,360 Speaker 1: doctors in the world. He's been creating content forever, helping 276 00:14:18,559 --> 00:14:21,360 Speaker 1: millions and millions of people through their health problems, and 277 00:14:21,880 --> 00:14:26,240 Speaker 1: during the COVID pandemic, he became enemy number one of 278 00:14:26,280 --> 00:14:30,200 Speaker 1: the COVID industrial complex because he talked about ways that 279 00:14:30,240 --> 00:14:33,080 Speaker 1: you could build up your immune system, ways that you 280 00:14:33,120 --> 00:14:36,280 Speaker 1: could you know, alleviate the symptoms and things like that, 281 00:14:36,520 --> 00:14:39,440 Speaker 1: which they didn't want. Imagine that, Imagine them not wanting 282 00:14:39,480 --> 00:14:43,280 Speaker 1: people to be healthy. Hmm. Interesting. He became animate number one. 283 00:14:43,360 --> 00:14:44,880 Speaker 1: Like I said, he's a personal friend of mine. He's 284 00:14:44,880 --> 00:14:47,240 Speaker 1: spoken at to I've had I have my own conferences 285 00:14:47,240 --> 00:14:49,360 Speaker 1: called the Marketersceptor's Live. He spoke at both of those. 286 00:14:49,800 --> 00:14:52,280 Speaker 1: And not only has he became intimate number one, he 287 00:14:52,360 --> 00:14:56,920 Speaker 1: was named by CNN as the number one source of disinformation. 288 00:14:57,920 --> 00:15:00,920 Speaker 1: So now he's spreading lies and spreading hate and all 289 00:15:00,920 --> 00:15:05,480 Speaker 1: these things, and now they've come after him. So he 290 00:15:05,520 --> 00:15:07,880 Speaker 1: also got debanked. As a matter of fact, he received 291 00:15:07,880 --> 00:15:10,680 Speaker 1: notice from JP Morgan Chase that all his accounts were 292 00:15:10,680 --> 00:15:13,800 Speaker 1: going to be closed, and not just all his accounts, 293 00:15:14,200 --> 00:15:18,000 Speaker 1: but everybody that works for him, and even the people 294 00:15:18,040 --> 00:15:22,600 Speaker 1: that work for them kids. So we're not just going 295 00:15:22,640 --> 00:15:24,400 Speaker 1: to It's like those movies you know, where it's like, ah, 296 00:15:24,440 --> 00:15:26,480 Speaker 1: I'm gonna get revenge on you. I'm gonna kill you 297 00:15:26,520 --> 00:15:29,360 Speaker 1: and everybody you know in love, right, and then the 298 00:15:29,360 --> 00:15:31,480 Speaker 1: heroes like, well, okay, fine, I'll do whatever you say. 299 00:15:32,160 --> 00:15:34,440 Speaker 1: That's what they did to Mercola. They didn't just go 300 00:15:34,600 --> 00:15:37,400 Speaker 1: kill his bank account. They killed the bank account for 301 00:15:37,560 --> 00:15:41,440 Speaker 1: other people he know and loved. So people watching this 302 00:15:41,480 --> 00:15:45,040 Speaker 1: are like, shoot, this is getting pretty crazy. This isn't 303 00:15:45,120 --> 00:15:49,560 Speaker 1: just North Korea here, this isn't just China. This is 304 00:15:49,800 --> 00:15:53,200 Speaker 1: the UK. This is America, where they're supposed to be 305 00:15:53,280 --> 00:15:57,960 Speaker 1: a rule of law. What happened to the rule of law? Well, 306 00:15:58,240 --> 00:16:00,240 Speaker 1: rule of law has been turning into toilet paper. In 307 00:16:00,280 --> 00:16:03,800 Speaker 1: the Nazi regime in Germany, they did something similar. They 308 00:16:03,840 --> 00:16:06,120 Speaker 1: passed a number of laws that restricted the rights of 309 00:16:06,200 --> 00:16:08,640 Speaker 1: a certain class of people. They didn't like the Jews. 310 00:16:10,480 --> 00:16:15,200 Speaker 1: They passed all kinds these laws stripped Jews of their 311 00:16:15,240 --> 00:16:22,560 Speaker 1: citizenships and prohibited them from marrying non Jews. And so 312 00:16:22,880 --> 00:16:26,400 Speaker 1: they took a group of people they didn't want. They 313 00:16:26,440 --> 00:16:30,800 Speaker 1: created laws in a way to go after them, to 314 00:16:30,880 --> 00:16:35,280 Speaker 1: persecute them, to strip them of their citizenship, and even 315 00:16:35,360 --> 00:16:39,400 Speaker 1: prevent them from marrying. What's so different about what's going 316 00:16:39,440 --> 00:16:43,720 Speaker 1: on today the UK? The EU Parliament doesn't like Nigel 317 00:16:43,720 --> 00:16:46,320 Speaker 1: Farage talking about how the EU is corrupt and needs 318 00:16:46,320 --> 00:16:51,000 Speaker 1: to be shut down. The COVID industrial complex doesn't like 319 00:16:51,040 --> 00:16:53,520 Speaker 1: Joseph Mcola talking about ways that you can take vitaminded 320 00:16:53,520 --> 00:16:56,320 Speaker 1: to build up your own natural immunity. And so they 321 00:16:56,800 --> 00:16:59,240 Speaker 1: smear you. They censor you first. Remember he was named 322 00:16:59,320 --> 00:17:01,720 Speaker 1: number one information. They smear you first, do they sensor 323 00:17:01,720 --> 00:17:04,360 Speaker 1: you first, Then they smear you, discredit you, and then 324 00:17:04,480 --> 00:17:08,080 Speaker 1: they just assassinate you in this case debanked. And so, 325 00:17:08,720 --> 00:17:10,520 Speaker 1: like I said, at a case at a point where 326 00:17:10,880 --> 00:17:13,359 Speaker 1: the developed world mostly wants to know why do we 327 00:17:13,359 --> 00:17:16,480 Speaker 1: need something like bitcoin? It's coming front and center and 328 00:17:16,520 --> 00:17:18,800 Speaker 1: we're really starting to see that there's very, very very 329 00:17:18,840 --> 00:17:21,280 Speaker 1: blatant two tier system. At the same time, this week, 330 00:17:21,320 --> 00:17:25,359 Speaker 1: we've seen Hunter Biden try to get this plea deal. 331 00:17:25,720 --> 00:17:30,119 Speaker 1: He's facing some serious, serious, serious allegations that could be 332 00:17:30,119 --> 00:17:32,280 Speaker 1: even punishable by death. I mean, we're talking trees in here. 333 00:17:32,359 --> 00:17:34,160 Speaker 1: If you're just tune in, you're listening to the Mark 334 00:17:34,240 --> 00:17:36,679 Speaker 1: Maas Show. Of course we talk about the decentralized revolution. 335 00:17:36,680 --> 00:17:39,080 Speaker 1: We're running through some of the latest breaking news headlines 336 00:17:39,080 --> 00:17:41,760 Speaker 1: this week, so you can see exactly the play by 337 00:17:41,800 --> 00:17:44,600 Speaker 1: play the signpost as it's happening right now. I got 338 00:17:44,600 --> 00:17:45,840 Speaker 1: a lot more to cover. We're gonna talk about the 339 00:17:45,840 --> 00:17:48,680 Speaker 1: economy with the Fed did raising rates, what's coming next, 340 00:17:48,760 --> 00:17:51,560 Speaker 1: what's happening with the stock market, and what's going on 341 00:17:51,600 --> 00:17:53,719 Speaker 1: with this bricks currency. All that and more coming up 342 00:17:53,720 --> 00:17:57,199 Speaker 1: in a second. Don't go away, I'll bear back, all right, 343 00:17:57,240 --> 00:17:59,000 Speaker 1: Welcome back. If you're just tuning in, you are listening 344 00:17:59,000 --> 00:18:01,480 Speaker 1: to the Mark mas Show. So of course talking about 345 00:18:01,760 --> 00:18:04,439 Speaker 1: the latest breaking news headlines that demonstrate that are the 346 00:18:04,520 --> 00:18:06,960 Speaker 1: sign posts that show us how the world is changing. 347 00:18:06,960 --> 00:18:09,240 Speaker 1: When I say signpost, what I mean by that is 348 00:18:09,320 --> 00:18:11,760 Speaker 1: that a lot of times people want to know where 349 00:18:11,800 --> 00:18:13,480 Speaker 1: things are going, and then they want to know when, 350 00:18:14,280 --> 00:18:16,680 Speaker 1: and then the win problem is always the question, because 351 00:18:16,920 --> 00:18:18,679 Speaker 1: as warm Buffet's that, I believe it's with him. He 352 00:18:18,680 --> 00:18:21,479 Speaker 1: said that markets can stay irrational longer than people can 353 00:18:21,520 --> 00:18:24,600 Speaker 1: stay solvent. And so while we see what's going on 354 00:18:24,680 --> 00:18:27,439 Speaker 1: and we understand where it's leading us to and what 355 00:18:27,520 --> 00:18:30,040 Speaker 1: the inevitable outcome of this is, we just don't know 356 00:18:30,080 --> 00:18:32,119 Speaker 1: how long that timeframe is. And so I call them 357 00:18:32,200 --> 00:18:34,359 Speaker 1: signposts because if I was going to give you directions 358 00:18:34,400 --> 00:18:35,840 Speaker 1: to my house, but you never been to my house, 359 00:18:36,080 --> 00:18:38,040 Speaker 1: and you don't know if I live near you or 360 00:18:38,080 --> 00:18:39,600 Speaker 1: on the other side of the country, and I said, oh, 361 00:18:39,680 --> 00:18:41,560 Speaker 1: drive down the highway until you see this sign, and 362 00:18:41,600 --> 00:18:43,400 Speaker 1: go right, and drive to the end of this fence 363 00:18:43,440 --> 00:18:45,360 Speaker 1: and go left. And when you see this sign, go right. 364 00:18:45,760 --> 00:18:47,679 Speaker 1: And you know there's ten or fifteen turns there, but 365 00:18:47,760 --> 00:18:49,040 Speaker 1: you don't know if that's going to take you one 366 00:18:49,080 --> 00:18:54,000 Speaker 1: hour or fifteen hours, right, And so because you don't 367 00:18:54,040 --> 00:18:55,800 Speaker 1: know how long it's going to take you, you would just 368 00:18:55,840 --> 00:18:58,439 Speaker 1: be following the signs. But you would know as if 369 00:18:58,480 --> 00:19:01,880 Speaker 1: there was fifteen terms or fifteen signs. As you get 370 00:19:01,880 --> 00:19:03,960 Speaker 1: down to the twelfth and the thirteenth and the fourteenth, 371 00:19:04,000 --> 00:19:07,080 Speaker 1: you would know you're getting closer. Now that last sign 372 00:19:07,160 --> 00:19:10,159 Speaker 1: that fifteenth sign could be a long distance between it, 373 00:19:10,400 --> 00:19:11,960 Speaker 1: so you don't know exactly when, but you know you're 374 00:19:11,960 --> 00:19:14,000 Speaker 1: getting closer. And that's exactly what we're looking at. These 375 00:19:14,000 --> 00:19:16,720 Speaker 1: are signposts that show us where we're going. It shows 376 00:19:16,800 --> 00:19:19,720 Speaker 1: us the direction. As humans, we want to know the 377 00:19:19,800 --> 00:19:22,560 Speaker 1: direction of where we're going, especially as investors, because we're 378 00:19:22,560 --> 00:19:24,399 Speaker 1: not trying to trade in and out of all of 379 00:19:24,400 --> 00:19:26,840 Speaker 1: these individual news stories, but rather we're trying to position 380 00:19:26,880 --> 00:19:30,200 Speaker 1: ourselves and be in the right direction. And so that's 381 00:19:30,240 --> 00:19:32,960 Speaker 1: important to understand it from that perspective. And one of 382 00:19:33,000 --> 00:19:35,120 Speaker 1: the things that we're looking at constantly to figure out 383 00:19:35,160 --> 00:19:37,280 Speaker 1: what the direction is we're going is we're watching the 384 00:19:37,280 --> 00:19:40,400 Speaker 1: Federal Reserve. The Federal Reserve, of course, controls the monetary 385 00:19:40,400 --> 00:19:44,240 Speaker 1: policy in the United States, and they cause all the 386 00:19:44,240 --> 00:19:47,760 Speaker 1: booms and busts that we have. You know, they were created. Supposedly, 387 00:19:47,800 --> 00:19:50,240 Speaker 1: they're created. They told us they were created in order 388 00:19:50,280 --> 00:19:53,520 Speaker 1: to prevent the market booms and busts from happening. They 389 00:19:53,560 --> 00:19:57,320 Speaker 1: were created, supposedly they told us to smooth out the 390 00:19:57,400 --> 00:20:00,679 Speaker 1: market cycles because the markets are two vaults and we 391 00:20:00,680 --> 00:20:02,760 Speaker 1: shouldn't have these booms and bus and so if you 392 00:20:02,800 --> 00:20:06,080 Speaker 1: allow us to control money, then we can smooth this out. However, 393 00:20:07,040 --> 00:20:08,800 Speaker 1: the opposite is true. And as a matter of fact, 394 00:20:08,880 --> 00:20:10,320 Speaker 1: if I could show you a chart right now, you 395 00:20:10,359 --> 00:20:13,719 Speaker 1: would see that since the Federal reservistrated in nineteen thirteen, 396 00:20:13,920 --> 00:20:16,760 Speaker 1: the booms and bus only get bigger and bigger and 397 00:20:16,800 --> 00:20:18,760 Speaker 1: bigger and bigger, and each one has gotten bigger and 398 00:20:18,760 --> 00:20:22,000 Speaker 1: faster and worse. And so they increase the money supply, 399 00:20:22,160 --> 00:20:24,640 Speaker 1: and then they things boom and things take off good, 400 00:20:24,640 --> 00:20:26,959 Speaker 1: and then they decrease the money supply and everyone goes bankrupt. 401 00:20:27,000 --> 00:20:28,280 Speaker 1: And they do it over and over and over again, 402 00:20:28,800 --> 00:20:33,720 Speaker 1: and they do that by adjusting the price of money. 403 00:20:33,920 --> 00:20:36,120 Speaker 1: Now most people realize that setting the prices of goods 404 00:20:36,160 --> 00:20:38,760 Speaker 1: and services doesn't work. It's been tried numerous times throughout 405 00:20:38,800 --> 00:20:41,800 Speaker 1: history and has always failed every single time. If I 406 00:20:41,880 --> 00:20:44,240 Speaker 1: say that you can't sell bread for more than two dollars, 407 00:20:44,800 --> 00:20:47,600 Speaker 1: but it costs you more than two dollars to make bread, 408 00:20:47,840 --> 00:20:50,879 Speaker 1: then what happens. Well two things. One, we have shortages, 409 00:20:50,960 --> 00:20:53,240 Speaker 1: no one's making bread. Two we have a black market. 410 00:20:53,320 --> 00:20:55,200 Speaker 1: People sell the bread on the black market for whatever 411 00:20:55,240 --> 00:20:57,760 Speaker 1: the price needs to be to be paid. So we 412 00:20:57,840 --> 00:21:00,040 Speaker 1: understand we can't set prices for goods. But when the 413 00:21:00,040 --> 00:21:02,800 Speaker 1: Fed sets the price of money, they're setting the price 414 00:21:02,840 --> 00:21:04,560 Speaker 1: of all the goods. And you set the price of 415 00:21:04,560 --> 00:21:06,080 Speaker 1: money buy the interest rate. So if I want to 416 00:21:06,080 --> 00:21:08,439 Speaker 1: buy a million dollars house, I don't have a million dollars, 417 00:21:08,560 --> 00:21:11,000 Speaker 1: so I need to go buy the money I need 418 00:21:11,640 --> 00:21:14,160 Speaker 1: to buy the million dollars. How much does it cost 419 00:21:14,160 --> 00:21:16,200 Speaker 1: me to buy a million dollars? Well, today it cost 420 00:21:16,240 --> 00:21:19,720 Speaker 1: me about seven percent. That's the interest rate. Right. So 421 00:21:19,800 --> 00:21:22,240 Speaker 1: when they when they lower the price of money, taking 422 00:21:22,240 --> 00:21:24,520 Speaker 1: traduates to zero, people borrow a lot of money. When 423 00:21:24,520 --> 00:21:27,520 Speaker 1: they increase it, people borrow less. And so we've just 424 00:21:27,560 --> 00:21:30,520 Speaker 1: seen the Federal Reserve go back onto the warpath raising 425 00:21:30,560 --> 00:21:32,439 Speaker 1: interest rates. Now, it's interesting that they did this for 426 00:21:32,480 --> 00:21:36,119 Speaker 1: a couple of reasons. First of all, last month the 427 00:21:36,160 --> 00:21:39,119 Speaker 1: Fed decided to pause. Now they didn't call it a pause, 428 00:21:39,480 --> 00:21:42,000 Speaker 1: they called it a skip. We haven't really heard that 429 00:21:42,080 --> 00:21:44,960 Speaker 1: terminology before. But when you look through the history of 430 00:21:45,000 --> 00:21:46,959 Speaker 1: the Fed raising and lowering rates, they do this all 431 00:21:47,000 --> 00:21:49,640 Speaker 1: the time. When you look through the history, we've never 432 00:21:49,680 --> 00:21:53,160 Speaker 1: seen a point where they lowered rates, held them low, 433 00:21:53,160 --> 00:21:57,440 Speaker 1: which they did, and then raise them and then paused 434 00:21:57,560 --> 00:22:01,080 Speaker 1: and started raising again. We haven't seen them before. It's 435 00:22:01,080 --> 00:22:05,080 Speaker 1: always been they lower them, things get too hot, so 436 00:22:05,119 --> 00:22:07,760 Speaker 1: then start raising them, and then they raise too hot, 437 00:22:07,800 --> 00:22:09,760 Speaker 1: they start crushing everything, and then they start lowering again, 438 00:22:09,800 --> 00:22:11,200 Speaker 1: so they go back and forth. It's more like a 439 00:22:11,280 --> 00:22:12,960 Speaker 1: light switch. We're up or we're down. We're up or 440 00:22:13,000 --> 00:22:14,800 Speaker 1: we're down. We're up or we're down. Maybe we take 441 00:22:14,800 --> 00:22:17,560 Speaker 1: a pause before we go down, but we don't go 442 00:22:17,680 --> 00:22:19,360 Speaker 1: up pause and then keep going up again, at least 443 00:22:19,359 --> 00:22:21,359 Speaker 1: not on history. And yet we have, so we're seeing 444 00:22:21,359 --> 00:22:25,200 Speaker 1: some first here. That's why you know history repeats. I'm sorry, 445 00:22:25,240 --> 00:22:27,560 Speaker 1: history rhymes, it doesn't always repeat. But here we are 446 00:22:27,680 --> 00:22:32,520 Speaker 1: raising rates again. We can see that we are now 447 00:22:32,640 --> 00:22:35,919 Speaker 1: raising the benchmark borrowing costs to the highest level in 448 00:22:35,960 --> 00:22:38,480 Speaker 1: more than twenty two years. As a matter of fact, 449 00:22:38,800 --> 00:22:44,080 Speaker 1: we haven't seen this level since before the two thousand 450 00:22:44,080 --> 00:22:48,080 Speaker 1: and eight financial crash, so not a good sign. We 451 00:22:48,080 --> 00:22:50,480 Speaker 1: can see this quarter percentage point increase bring the FED 452 00:22:50,680 --> 00:22:54,000 Speaker 1: fund rate to five point twenty five to five point 453 00:22:54,119 --> 00:22:57,679 Speaker 1: five percent, and they indicated at the June meeting that 454 00:22:57,720 --> 00:23:00,840 Speaker 1: two rate hikes are coming this year, so more should 455 00:23:00,880 --> 00:23:04,800 Speaker 1: becoming interesting now. The Fed has a target of having 456 00:23:04,840 --> 00:23:07,560 Speaker 1: two percent inflation, which they overshot. They couldn't get to 457 00:23:07,600 --> 00:23:09,480 Speaker 1: two percent, so they overshot it. We ended up at 458 00:23:09,600 --> 00:23:12,160 Speaker 1: nine point one for one percent. Oops, it's a little 459 00:23:12,160 --> 00:23:13,920 Speaker 1: bit too high. Now they're trying to bring it back 460 00:23:14,000 --> 00:23:16,160 Speaker 1: down to two percent. They still have a long way 461 00:23:16,200 --> 00:23:18,920 Speaker 1: to go. But what do you think the odds are 462 00:23:19,000 --> 00:23:23,359 Speaker 1: that they land exactly on the number? If you guessed zero, 463 00:23:23,480 --> 00:23:26,040 Speaker 1: you'd probably be pretty close to right. And it's an 464 00:23:26,080 --> 00:23:29,240 Speaker 1: interesting time because at the time that we're seeing this happening, 465 00:23:29,560 --> 00:23:32,200 Speaker 1: the Feds watching the CPI Consumer Price Index, they're also 466 00:23:32,240 --> 00:23:36,600 Speaker 1: watching other numbers and indexes as well to see what's happening. 467 00:23:36,920 --> 00:23:40,000 Speaker 1: But what's interesting is when you look at the CPI basket, 468 00:23:40,119 --> 00:23:42,439 Speaker 1: the only thing that was coming down in the CPI 469 00:23:42,520 --> 00:23:46,159 Speaker 1: basket was energy. Everything else is staying up. Energy has 470 00:23:46,160 --> 00:23:48,040 Speaker 1: come down. Now why has energy come down? I'm talking 471 00:23:48,080 --> 00:23:51,560 Speaker 1: about oil, gas, natural gas, etc. It's come down because 472 00:23:51,560 --> 00:23:53,639 Speaker 1: of two reasons. It's always supplying demand, but it's a 473 00:23:53,640 --> 00:23:56,000 Speaker 1: little bit more complex than that. You had the Rush 474 00:23:56,040 --> 00:23:59,000 Speaker 1: of Ukraine situation, which everybody expected sanctions to happen, and 475 00:23:59,000 --> 00:24:01,040 Speaker 1: they expected all the USh and supply of energy to 476 00:24:01,080 --> 00:24:03,760 Speaker 1: fall off the market. So it caused a massive shortage 477 00:24:03,760 --> 00:24:07,760 Speaker 1: in supply, which would put prices up. So prices shot 478 00:24:08,000 --> 00:24:10,600 Speaker 1: up to the moon, is what happened. And then when 479 00:24:10,640 --> 00:24:13,359 Speaker 1: they realized that, well, the US sanctions actually failed. As 480 00:24:13,359 --> 00:24:15,520 Speaker 1: a matter of fact, the US sanctions backfired. As a 481 00:24:15,560 --> 00:24:17,280 Speaker 1: matter of fact, Russia still has all the same energy 482 00:24:17,280 --> 00:24:19,160 Speaker 1: go into the world that they did before, and there's 483 00:24:19,160 --> 00:24:24,240 Speaker 1: no supply shortage at all. The prices crashed or just 484 00:24:24,280 --> 00:24:26,240 Speaker 1: went back down to where they were. You see, they 485 00:24:26,240 --> 00:24:29,440 Speaker 1: shot way higher in anticipation of a shortage. Because the 486 00:24:29,440 --> 00:24:32,080 Speaker 1: shortage didn't happen or materialized, they just came back down. 487 00:24:32,119 --> 00:24:35,280 Speaker 1: So they crashed back down. So that's why prices of 488 00:24:35,440 --> 00:24:38,920 Speaker 1: energy have crashed so much, and that's where this deflation 489 00:24:39,080 --> 00:24:42,040 Speaker 1: or this disinflation the CPI basket has come from. However, 490 00:24:42,560 --> 00:24:46,520 Speaker 1: I believe that's about to change. We're starting to see 491 00:24:46,560 --> 00:24:50,160 Speaker 1: now energy prices are starting to go back higher. So 492 00:24:50,560 --> 00:24:53,760 Speaker 1: they went too far and now they're readjusting, and I 493 00:24:53,800 --> 00:24:56,439 Speaker 1: believe moving into the rest of this year, we're going 494 00:24:56,480 --> 00:24:59,600 Speaker 1: to continue to see an increase in the energy prices 495 00:25:00,080 --> 00:25:02,440 Speaker 1: and that will be a problem for the FED as 496 00:25:02,560 --> 00:25:07,040 Speaker 1: inflation continues to go back higher. So we'll see how 497 00:25:07,040 --> 00:25:08,840 Speaker 1: that plays out. I'll keep you here with the play 498 00:25:08,840 --> 00:25:10,960 Speaker 1: by play. I've been very vocal saying that I think 499 00:25:10,960 --> 00:25:13,640 Speaker 1: this is some of the lowest inflation that we'll see 500 00:25:13,640 --> 00:25:15,760 Speaker 1: for the rest of the decade. We are not at 501 00:25:15,800 --> 00:25:18,679 Speaker 1: the bottom, maybe at the bottom of this cycle. So 502 00:25:19,000 --> 00:25:21,080 Speaker 1: when you look back through history in nineteen seventies, nineteen forties, 503 00:25:21,080 --> 00:25:23,840 Speaker 1: when inflation really was rampant, it comes in waves, right, 504 00:25:23,880 --> 00:25:25,560 Speaker 1: Nothing ever goes up and down in a straight line, 505 00:25:25,680 --> 00:25:27,639 Speaker 1: and so that's what we expect to see. Look for 506 00:25:27,720 --> 00:25:31,200 Speaker 1: it in waves. Breitbart, their economist, says that we're probably 507 00:25:31,200 --> 00:25:34,840 Speaker 1: looking at a double dip of inflation, and it's on 508 00:25:34,960 --> 00:25:39,040 Speaker 1: its way, and so he said that he's expecting we're 509 00:25:39,040 --> 00:25:42,800 Speaker 1: talking about Breitbart economics editor John Carney told Fox that 510 00:25:42,960 --> 00:25:46,800 Speaker 1: he's expecting another explosion because of the rising price of 511 00:25:46,800 --> 00:25:49,960 Speaker 1: oil and shelter, which is exactly what I'm saying. So 512 00:25:50,040 --> 00:25:51,800 Speaker 1: I think that's going to be interesting enough to watch that. 513 00:25:52,200 --> 00:25:54,480 Speaker 1: And we also saw that as the FED has raised 514 00:25:54,560 --> 00:25:57,840 Speaker 1: rates at this level, they haven't just crushed people like 515 00:25:57,880 --> 00:26:00,280 Speaker 1: you and I, They've also crushed the government, the US 516 00:26:00,320 --> 00:26:02,879 Speaker 1: treasure Because the US Treasury has now thirty two trillion 517 00:26:02,920 --> 00:26:06,080 Speaker 1: dollars of debt, and so now the interest rate has 518 00:26:06,160 --> 00:26:08,600 Speaker 1: gone up on that debt, and the US is now 519 00:26:08,640 --> 00:26:13,280 Speaker 1: paying nine hundred and seventy billion, basically a trillion dollars 520 00:26:13,359 --> 00:26:16,960 Speaker 1: just in the interest alone, just in the interest alone. 521 00:26:17,440 --> 00:26:19,120 Speaker 1: It's insane. As a matter of fact, we have now 522 00:26:19,200 --> 00:26:22,120 Speaker 1: surpassed the interest payments, have surpassed the amount of money 523 00:26:22,160 --> 00:26:25,080 Speaker 1: spent in the military, which is pretty incredible considering that 524 00:26:25,080 --> 00:26:29,119 Speaker 1: the US spends more money on its military than the 525 00:26:29,160 --> 00:26:33,680 Speaker 1: next ten countries combined, more than China, more than Russia, 526 00:26:33,720 --> 00:26:37,840 Speaker 1: more than every other more than the next ten countries combined. 527 00:26:38,840 --> 00:26:41,960 Speaker 1: And now we're spending more on the interest. It's not good. 528 00:26:42,119 --> 00:26:45,080 Speaker 1: It's definitely not good. And we're seeing the impacts of 529 00:26:45,119 --> 00:26:48,040 Speaker 1: this all around the economy. Defaults are on the rise, 530 00:26:48,119 --> 00:26:51,920 Speaker 1: corporate bankruptcies are expecting to blow up, and so it'll 531 00:26:51,960 --> 00:26:54,879 Speaker 1: be pretty interesting to see how this all plays out. 532 00:26:55,160 --> 00:26:56,440 Speaker 1: I got to take a quick break. If you're just 533 00:26:56,480 --> 00:26:58,040 Speaker 1: tune in you're listening to the Mark Mos Show. I'm 534 00:26:58,040 --> 00:26:59,439 Speaker 1: going to come back in a second. We're gonna talk 535 00:26:59,480 --> 00:27:01,440 Speaker 1: about what's going on with this new bricks currency that's 536 00:27:01,440 --> 00:27:04,919 Speaker 1: supposed to be announced here, gonna kill the dollar. Right, 537 00:27:04,920 --> 00:27:06,840 Speaker 1: So I'm gonna explain what the bricks currency is, what 538 00:27:06,880 --> 00:27:08,919 Speaker 1: it means, what's happening, what the dates are to watch for, 539 00:27:09,080 --> 00:27:11,080 Speaker 1: and more. Be back with that in a minute. Don't 540 00:27:11,080 --> 00:27:16,919 Speaker 1: go away. Hello, welcome back. If you're just tune in, 541 00:27:16,920 --> 00:27:19,120 Speaker 1: you're listening to the Mark Moss Show. Of course, we're 542 00:27:19,440 --> 00:27:22,440 Speaker 1: talking about the decentralized revolution. Like we do each and 543 00:27:22,440 --> 00:27:24,320 Speaker 1: every week, we're running through some of the latest breaking 544 00:27:24,359 --> 00:27:28,280 Speaker 1: news headlines as we look through the convergence of politics, finance, 545 00:27:28,400 --> 00:27:32,000 Speaker 1: and technology. It's really where those three come together is 546 00:27:32,000 --> 00:27:34,520 Speaker 1: where we get the context of what is going on 547 00:27:34,600 --> 00:27:36,720 Speaker 1: in the world now. As the world, as I talk 548 00:27:36,760 --> 00:27:40,480 Speaker 1: about this decentralized revolution, as we move from a singular, 549 00:27:40,880 --> 00:27:47,920 Speaker 1: single polar US dollar lead global homogeny into a tripolar, 550 00:27:48,160 --> 00:27:52,919 Speaker 1: multipolar world, then we also are seeing the breakdown of 551 00:27:52,960 --> 00:27:55,800 Speaker 1: this global reserve currency. The dollar's been the reserve currency 552 00:27:55,840 --> 00:28:00,679 Speaker 1: of the world officially since nineteen forty four. Really unofficially, 553 00:28:00,680 --> 00:28:04,000 Speaker 1: that changed in about nineteen seventy one when President Richard 554 00:28:04,080 --> 00:28:06,600 Speaker 1: Nixon kind of broke that agreement. And it's important to 555 00:28:06,640 --> 00:28:08,119 Speaker 1: understand what those dates are and actually, let me go 556 00:28:08,160 --> 00:28:11,960 Speaker 1: back a little bit further. The US took over from 557 00:28:12,000 --> 00:28:18,120 Speaker 1: the pound sterling in about nineteen thirteen. Then we had 558 00:28:18,119 --> 00:28:20,720 Speaker 1: the creation of the Brentwoods Agreement in nineteen forty four. 559 00:28:21,040 --> 00:28:24,520 Speaker 1: If you add that up, that's about thirty ish years. 560 00:28:25,160 --> 00:28:27,959 Speaker 1: Then nineteen forty four we had a new monetary system 561 00:28:27,960 --> 00:28:31,480 Speaker 1: that was created nineteen forty four, and then nineteen seventy one, 562 00:28:31,680 --> 00:28:34,240 Speaker 1: Richard Nixon broke that agreement. So the dollar was supposed 563 00:28:34,240 --> 00:28:36,080 Speaker 1: to be backed by gold. All the currencies of the 564 00:28:36,119 --> 00:28:38,120 Speaker 1: world we backed by the dollar pegged to the dollar, 565 00:28:38,360 --> 00:28:40,560 Speaker 1: but he ended that in nineteen seventy one. The dollar 566 00:28:40,600 --> 00:28:43,240 Speaker 1: was no longer backed by gold. Nineteen forty four to 567 00:28:43,360 --> 00:28:45,880 Speaker 1: nineteen seventy one, if you do the math, it's about 568 00:28:45,960 --> 00:28:50,640 Speaker 1: thirty years. Then we've been on a fiat money system 569 00:28:50,680 --> 00:28:55,600 Speaker 1: since nineteen seventy one, that is a completely unbacked, completely 570 00:28:55,680 --> 00:28:59,719 Speaker 1: free floating currency basket of paper dollars, where each country 571 00:28:59,760 --> 00:29:02,080 Speaker 1: now as their own free floating currencies and we trade 572 00:29:02,080 --> 00:29:05,600 Speaker 1: against each other. So it's important to understand that because 573 00:29:06,400 --> 00:29:10,440 Speaker 1: fiat currencies monetary systems tend to last about thirty ish years, 574 00:29:11,680 --> 00:29:16,320 Speaker 1: we're now about fifty years into this, and yes, the 575 00:29:16,360 --> 00:29:19,320 Speaker 1: monetary system is changing again right here in front of US. 576 00:29:19,840 --> 00:29:21,880 Speaker 1: We know that Russia and China have both been on 577 00:29:21,920 --> 00:29:24,720 Speaker 1: a d dollarization plan for over a decade. They've been 578 00:29:24,760 --> 00:29:27,600 Speaker 1: trying to move away from the dollar, changing their reserve. 579 00:29:28,240 --> 00:29:30,840 Speaker 1: Instead of storing all their wealth and treasuries, they've been 580 00:29:30,880 --> 00:29:33,480 Speaker 1: buying other things, commodities, things like that. Of course, this 581 00:29:33,600 --> 00:29:36,080 Speaker 1: was really escalated when Russia had their bank accounts seized 582 00:29:36,080 --> 00:29:39,560 Speaker 1: after the Ukraine invasion. And now we see the rise 583 00:29:39,600 --> 00:29:41,400 Speaker 1: of the bricks that want to rise up and create 584 00:29:41,400 --> 00:29:43,760 Speaker 1: your own currency and challenge the dollar. The bricks stand 585 00:29:43,760 --> 00:29:46,520 Speaker 1: for Brazil, Russia, India, China, and South Africa. It's a 586 00:29:46,600 --> 00:29:49,560 Speaker 1: coalition of nations that get together. But we've seen more 587 00:29:49,600 --> 00:29:53,600 Speaker 1: and more countries joining these bricks nations, and we're seeing 588 00:29:54,240 --> 00:29:58,800 Speaker 1: that these bricks nations are not to be discounted. As 589 00:29:58,840 --> 00:30:02,880 Speaker 1: a matter of fact, electively they have they play a 590 00:30:03,080 --> 00:30:06,120 Speaker 1: major economic role in the world, and not just a 591 00:30:06,120 --> 00:30:10,400 Speaker 1: major economic role. They also produce most of the commodities 592 00:30:10,440 --> 00:30:12,000 Speaker 1: in the world. Now, the United States does really well. 593 00:30:12,040 --> 00:30:13,680 Speaker 1: We produce a lot of goods and services. We have 594 00:30:13,760 --> 00:30:16,400 Speaker 1: We have a lot of GDP, we produce a lot 595 00:30:16,440 --> 00:30:19,320 Speaker 1: of you know, social media services, and we produce a 596 00:30:19,360 --> 00:30:22,600 Speaker 1: lot of you know, financial services, but we don't produce 597 00:30:22,640 --> 00:30:27,200 Speaker 1: a lot of the actual physical commodities the world needs. 598 00:30:27,680 --> 00:30:30,240 Speaker 1: Like even Vlatimer Putin called out the United STATESID, what 599 00:30:30,240 --> 00:30:32,000 Speaker 1: are you gonna do? You're gonna eat your social media stocks. 600 00:30:32,400 --> 00:30:34,760 Speaker 1: The world can't eat of social media stocks. The world 601 00:30:35,040 --> 00:30:38,800 Speaker 1: turns out needs like things like fertilizer and corn and wheat, 602 00:30:38,880 --> 00:30:42,680 Speaker 1: and you know base metals like gold and silver and copper, 603 00:30:42,960 --> 00:30:45,800 Speaker 1: and you know things like rare with elements to make 604 00:30:45,920 --> 00:30:50,120 Speaker 1: electronics and things like that, and the bricks nations produce those. 605 00:30:50,400 --> 00:30:52,160 Speaker 1: Now what we can see is that these bricks nations 606 00:30:52,240 --> 00:30:53,760 Speaker 1: they don't want to be under the thumb of this 607 00:30:53,840 --> 00:30:56,080 Speaker 1: dollar system anymore, and so they've been working on creating 608 00:30:56,120 --> 00:31:00,320 Speaker 1: their own global currency. Now this is come into a 609 00:31:00,320 --> 00:31:03,440 Speaker 1: head pretty quickly. We'll see what's happening. But this just 610 00:31:03,480 --> 00:31:06,680 Speaker 1: this month, July twenty third, they had a big twenty 611 00:31:06,720 --> 00:31:09,640 Speaker 1: twenty three Bricks Summit and we saw top national security 612 00:31:09,640 --> 00:31:13,560 Speaker 1: officials and diplomats from all these bricks nations gathered in 613 00:31:13,600 --> 00:31:16,840 Speaker 1: South Africa for a three day meeting to really digging 614 00:31:16,960 --> 00:31:19,960 Speaker 1: deep to see exactly how all this is going to work, 615 00:31:20,000 --> 00:31:23,920 Speaker 1: what their hot spot issues are, what's going on with Russia, Ukraine, 616 00:31:24,240 --> 00:31:28,280 Speaker 1: global security, all of these things in preparation for what's 617 00:31:28,320 --> 00:31:31,800 Speaker 1: coming next month. And what's coming next month is I 618 00:31:31,800 --> 00:31:36,360 Speaker 1: believe August twenty second they're supposed to be announcing the 619 00:31:36,480 --> 00:31:39,240 Speaker 1: new bricks currency. And this is a pretty big deal. 620 00:31:41,800 --> 00:31:47,080 Speaker 1: What are the odds that it actually takes off? Boy, 621 00:31:47,280 --> 00:31:49,520 Speaker 1: Maybe I'm going to give it a less than fifty 622 00:31:49,520 --> 00:31:51,959 Speaker 1: percent chance. I think it's very hard to get all 623 00:31:51,960 --> 00:31:54,120 Speaker 1: of these countries to agree on anything, So we'll see. 624 00:31:54,160 --> 00:31:57,040 Speaker 1: But I'm not saying it's a zero chance. But they're 625 00:31:57,080 --> 00:31:59,600 Speaker 1: supposedly going to announce this August twenty second, we'll see 626 00:31:59,600 --> 00:32:02,360 Speaker 1: what happened there. We have other major nations, like the 627 00:32:02,400 --> 00:32:05,000 Speaker 1: Saudi Arabia for example, joining that block of the bricks, 628 00:32:05,320 --> 00:32:08,920 Speaker 1: and if they start selling oil in these other bricks currencies, 629 00:32:09,240 --> 00:32:11,000 Speaker 1: that's going to really change the game. You know, when 630 00:32:11,000 --> 00:32:13,000 Speaker 1: the dollar left the gold stand in nineteen seventy one 631 00:32:13,280 --> 00:32:15,479 Speaker 1: ninety seventy four moved to an oil standard, it's known 632 00:32:15,520 --> 00:32:18,600 Speaker 1: as the petro dollar. But if that's lost, boy, the 633 00:32:18,640 --> 00:32:21,280 Speaker 1: dollar could lose ground very very very quickly. So it's 634 00:32:21,280 --> 00:32:24,200 Speaker 1: definitely something that we want to be watching for because, 635 00:32:24,240 --> 00:32:28,520 Speaker 1: like I said, these coalitions are not small players, they're big, 636 00:32:28,560 --> 00:32:31,840 Speaker 1: big players. Now, what they've proposed is to do a dollar, 637 00:32:32,520 --> 00:32:35,840 Speaker 1: not a I'm sorry, not a gold backed currency, but 638 00:32:35,960 --> 00:32:39,959 Speaker 1: a gold referenced currency. So what that means is the 639 00:32:40,000 --> 00:32:43,760 Speaker 1: pound sterling, right, which was the reserve currency world before 640 00:32:43,760 --> 00:32:46,960 Speaker 1: the dollar and is still the top three currency used 641 00:32:47,000 --> 00:32:49,320 Speaker 1: in the world today, so it's been a long time. 642 00:32:49,320 --> 00:32:53,280 Speaker 1: But the pound sterling. So the pound was a reference 643 00:32:53,360 --> 00:32:57,400 Speaker 1: to how much silver sterling silver, how much weight, So 644 00:32:57,520 --> 00:33:01,800 Speaker 1: that was supposed to equal a pound Australian silver. And 645 00:33:01,840 --> 00:33:03,840 Speaker 1: so that's what they're trying to do with this gold 646 00:33:03,880 --> 00:33:07,120 Speaker 1: back currency. It's not backed by gold, meaning it used 647 00:33:07,160 --> 00:33:09,959 Speaker 1: to be where you could go exchange dollars for gold. 648 00:33:10,480 --> 00:33:13,280 Speaker 1: The dollar was a IOU for the gold in the bank, 649 00:33:13,320 --> 00:33:14,720 Speaker 1: and so anytime I could take the EU and go 650 00:33:14,760 --> 00:33:18,760 Speaker 1: get the gold, right, But a referenced is different. It's 651 00:33:18,760 --> 00:33:20,880 Speaker 1: not backed by it. You can't go exchange it for it, 652 00:33:20,960 --> 00:33:24,600 Speaker 1: but it would be equal to a certain measurement of gold. 653 00:33:24,680 --> 00:33:26,360 Speaker 1: We don't know what that is yet, we'll see, but 654 00:33:26,400 --> 00:33:29,600 Speaker 1: potentially like this new currency, this new brick's currency, we 655 00:33:29,680 --> 00:33:32,760 Speaker 1: call it a brick. A brick could be worth say 656 00:33:32,880 --> 00:33:35,920 Speaker 1: one tenth of an ounce of gold, and if gold's 657 00:33:35,960 --> 00:33:38,640 Speaker 1: two thousand dollars roughly today, one tenth would be worth 658 00:33:38,640 --> 00:33:41,240 Speaker 1: two hundred bucks. So now one brick would be equal 659 00:33:41,320 --> 00:33:43,200 Speaker 1: two hundred bucks. Right, you get the idea. It could 660 00:33:43,200 --> 00:33:46,520 Speaker 1: be a gram, it could be whatever. Now would be 661 00:33:46,520 --> 00:33:50,080 Speaker 1: interesting about that is then that gives all of these 662 00:33:50,120 --> 00:33:53,320 Speaker 1: countries a neutral currency that's based off of really an 663 00:33:53,360 --> 00:33:56,520 Speaker 1: asset that nobody controls. Now, we've seen Russia, we've seen 664 00:33:56,600 --> 00:33:59,680 Speaker 1: China adding more gold, and really all central banks around 665 00:33:59,680 --> 00:34:01,560 Speaker 1: the world of ad more gold than any time in history, 666 00:34:02,080 --> 00:34:06,880 Speaker 1: potentially in preparation for this not to launch a goldback currency. 667 00:34:07,320 --> 00:34:11,120 Speaker 1: China and Russia have almost a zero chance of actually 668 00:34:11,160 --> 00:34:13,560 Speaker 1: having a reserve currency of the world. I don't think 669 00:34:13,600 --> 00:34:15,279 Speaker 1: they're able to do it, nor do they want to 670 00:34:15,280 --> 00:34:17,799 Speaker 1: do it, for any number of reasons, including they don't 671 00:34:17,840 --> 00:34:20,439 Speaker 1: have open capital markets. Too, they don't have the trust, three, 672 00:34:20,480 --> 00:34:23,640 Speaker 1: they don't have the they don't have the credit markets, 673 00:34:23,640 --> 00:34:25,680 Speaker 1: they don't have the bond markets to invest that money into. 674 00:34:25,920 --> 00:34:28,240 Speaker 1: And then four they don't want it because of something 675 00:34:28,280 --> 00:34:30,680 Speaker 1: known as Triffin's dilemma, which is that the nation that 676 00:34:30,680 --> 00:34:32,480 Speaker 1: has the word reserve currency of the world is forced 677 00:34:32,520 --> 00:34:35,520 Speaker 1: to export dollars in order to supply the world with 678 00:34:35,600 --> 00:34:37,200 Speaker 1: that currency, which with the US has done, which is 679 00:34:37,200 --> 00:34:39,719 Speaker 1: why we've hallowed out the entire middle class. So I 680 00:34:39,719 --> 00:34:42,080 Speaker 1: don't think that's going to happen. But what would be 681 00:34:42,080 --> 00:34:45,279 Speaker 1: interesting is that, you know, right now it looks like 682 00:34:45,280 --> 00:34:47,319 Speaker 1: all the currencies of the world are falling next to 683 00:34:47,360 --> 00:34:49,800 Speaker 1: the dollar, the dollars, the king currency is the strongest. 684 00:34:50,680 --> 00:34:54,120 Speaker 1: But we would actually see we potentially could see the 685 00:34:54,239 --> 00:34:57,359 Speaker 1: dollar losing value to the bricks currency because the bricks 686 00:34:57,360 --> 00:35:00,520 Speaker 1: would be tied to gold. And what happened happens is 687 00:35:00,880 --> 00:35:04,560 Speaker 1: that's sort of like a snowball effect or self fulfilling prophecy. 688 00:35:04,760 --> 00:35:07,719 Speaker 1: Whereas that happens, then people want to start dumping dollars 689 00:35:07,760 --> 00:35:10,080 Speaker 1: to buy the new currencies, also know as Gresha's law, 690 00:35:10,360 --> 00:35:12,919 Speaker 1: which is good money drives out bad and so people 691 00:35:12,960 --> 00:35:15,160 Speaker 1: would be wanting to get rid of the weaker currencies 692 00:35:15,160 --> 00:35:19,160 Speaker 1: to buy the stronger currencies, which only accelerates the entire plan, 693 00:35:19,239 --> 00:35:23,680 Speaker 1: the entire situation. So this is expected to happen in 694 00:35:23,680 --> 00:35:27,239 Speaker 1: August twenty seconds. It's why central banks are buying lots 695 00:35:27,239 --> 00:35:30,239 Speaker 1: of gold. Might not be a bad idea to buy 696 00:35:30,280 --> 00:35:33,000 Speaker 1: some gold just in case. But certainly, like I said, 697 00:35:33,040 --> 00:35:35,160 Speaker 1: it will be interesting to watch how this plays out. 698 00:35:35,200 --> 00:35:38,120 Speaker 1: But the odds of, like I said, all of these 699 00:35:38,200 --> 00:35:42,520 Speaker 1: nations really getting together in a green I'm still having 700 00:35:42,520 --> 00:35:45,759 Speaker 1: my doubts about that. The United States, which is supposedly 701 00:35:45,840 --> 00:35:48,880 Speaker 1: fifty United States, can't even agree. I mean we have 702 00:35:48,880 --> 00:35:51,879 Speaker 1: in the United States, we have states suing you know, 703 00:35:52,680 --> 00:35:56,000 Speaker 1: the national the federal government, or passing laws to prevent 704 00:35:56,080 --> 00:35:58,120 Speaker 1: the US from putting in like a CBDC in for example. 705 00:35:58,160 --> 00:36:02,000 Speaker 1: So like in North Carolina, in Florida, in Texas, they're 706 00:36:02,040 --> 00:36:05,280 Speaker 1: passing legislation to prevent that. And these are fifty independent 707 00:36:05,280 --> 00:36:11,359 Speaker 1: states of Americans. How do fifty independent nations agree to 708 00:36:11,400 --> 00:36:14,040 Speaker 1: do this? That's going to be difficult. We know that 709 00:36:14,160 --> 00:36:16,920 Speaker 1: Vladimir Putin can't eat from Russia, which is one of 710 00:36:17,200 --> 00:36:19,400 Speaker 1: is the r in the Bricks, can't even go to 711 00:36:19,440 --> 00:36:21,920 Speaker 1: the s in the Bricks, which is South Africa because 712 00:36:21,960 --> 00:36:25,399 Speaker 1: a fear of being arrested. So how can arguably two 713 00:36:25,400 --> 00:36:28,319 Speaker 1: of the bigger leaders in this Bricks coalition they can't 714 00:36:28,360 --> 00:36:30,360 Speaker 1: even visit each other because their fear of being arrested. Like, 715 00:36:30,440 --> 00:36:32,080 Speaker 1: how does that work? And I think that's going to 716 00:36:32,160 --> 00:36:33,719 Speaker 1: be a big problem. If you're just tune in, you're 717 00:36:33,719 --> 00:36:35,480 Speaker 1: listening to the Mark Moss Show. We're talking about the 718 00:36:35,480 --> 00:36:38,600 Speaker 1: decentralized revolution of giving you the latest breaking news, which 719 00:36:38,640 --> 00:36:41,600 Speaker 1: is the signpost that show this is happening. Hopefully that 720 00:36:41,680 --> 00:36:43,640 Speaker 1: makes sense. I'd love to hear what you have to say. 721 00:36:43,680 --> 00:36:45,560 Speaker 1: Hit me up on social media at one Mark Moss. 722 00:36:45,640 --> 00:36:47,799 Speaker 1: Let me know you're listening, Give me a review on 723 00:36:47,800 --> 00:36:49,600 Speaker 1: this show on your favorite podcast player. If you could 724 00:36:49,640 --> 00:36:51,799 Speaker 1: please do that, I'd appreciate it. And that's what I got. 725 00:36:51,880 --> 00:36:52,800 Speaker 1: Thanks so much for listening.