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Speaker 1: Hello, and welcome to another episode of The Mark Moss Show,

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Speaker 1: where we're always talking about the decentralized revolution. I'm breaking

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Speaker 1: down the way the world is changing so you can

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Speaker 1: understand what's going on, where we're going and what you

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Speaker 1: should be doing about it. And I like to bring

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Speaker 1: you some education to kind of help you understand things differently,

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Speaker 1: and some late breaking news so you can see the

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Speaker 1: play by play of how these changes are taking place.

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Speaker 1: And that's what we got coming up today. I got

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Speaker 1: a lot of news stories that happened this week. I

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Speaker 1: want to cover something really, really really big happened in

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Speaker 1: the financial space with the SEC Security Exchange Commission and

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Speaker 1: cryptocurrency big deal. I want to talk about the problems

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Speaker 1: the United States is having when it really comes down

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Speaker 1: to dealing with this global decentralization that's happening, specifically in

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Speaker 1: regards to ramping itself up against China and so forth.

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Speaker 1: I want to talk about what is going on in

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Speaker 1: the US real estate market with some new entrants into

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Speaker 1: the space, as well as presidential candidates wane in against

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Speaker 1: that and who you won't believe what this teacher just

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Speaker 1: said to the student. It goes, it builds on exactly

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Speaker 1: what I talked about last week on the show. We're

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Speaker 1: going to cover all that and more, a whole lot more.

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Speaker 1: So don't tune out. I got to cover all this.

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Speaker 1: If you do have to tune out, don't worry. You

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Speaker 1: can catch up on the podcast. Just search the Mark

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Speaker 1: More Show on your favorite podcast player. Now, like I said,

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Speaker 1: big news in the financial space overall, this is really

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Speaker 1: about bitcoin and cryptocurrency. However, it's really about the financial

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Speaker 1: system overall. What am I talking about. I'm talking about

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Speaker 1: the SEC Security Exchange Mission getting whacked again, getting slapped again,

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Speaker 1: let's say, getting their butt kicked again. If I should say, so,

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Speaker 1: what am I talking about? Well, the SEC is meant

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Speaker 1: to protect consumers. Of course, they don't do that. All

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Speaker 1: they do is put consumers into more harm. That's what

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Speaker 1: they do. In my opinion, as I've said many many times,

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Speaker 1: I think they should just shut down in disgrace. They

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Speaker 1: didn't stop any of the problems that happened in cryptocurrency

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Speaker 1: over the last five six, seven years. They didn't prevent

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Speaker 1: anything from going on. With the terror Luna collapse, that

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Speaker 1: didn't help anybody. With the Celsius collapse, which is a

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Speaker 1: US based regulated company. They didn't help anybody. They didn't

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Speaker 1: help anybody prevent loss with the block file, which is

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Speaker 1: again a US based company. They didn't help anybody with

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Speaker 1: the FTX, even though Gary Ginslow, the head of the

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Speaker 1: SEC is buddy Buddy and with with the FTX crew

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Speaker 1: Sam Binkman Fried, they didn't help anybody with any of that.

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Speaker 1: As a matter of fact, in my opinion, they only

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Speaker 1: helped it get worse and harm more people. So I

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Speaker 1: think they should shut down his grace. However, I think

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Speaker 1: as I as I warned back I think November of

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Speaker 1: last year, that Gary Ginzer was gonna come out swinging.

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Speaker 1: He has egg on his face, he looks horrible, and

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Speaker 1: he can't go out like that. So he's got to

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Speaker 1: come extra heavy handed to really prove his proof, prove

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Speaker 1: that he could get things under control, right, that he's

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Speaker 1: a man of action or something like that. And so

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Speaker 1: I warned that was gonna be the case, and that's

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Speaker 1: certainly has been the case. They have started to slap judgments,

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Speaker 1: or not judgments, but a regulatory action against all types

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Speaker 1: of crypto projects as well as most of the crypto exchanges,

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Speaker 1: which is what I had had predicted would be the

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Speaker 1: main choke point. It's way usual to go after five

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Speaker 1: or six exchanges, that is, you know, twenty five thirty

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Speaker 1: thousand tokens. He's done some of both. But what's interesting

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Speaker 1: is that they're getting the SEC themselves and Gary Ginsler

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Speaker 1: is the one getting the SmackDown. So we've seen several

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Speaker 1: high ranking law members basically calling for Gary Ginsler's resignation.

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Speaker 1: We see, you know, people calling for him to step down,

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Speaker 1: people for him to quit all of that. And at

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Speaker 1: the same time, a lot of these enforcement actions that

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Speaker 1: has been filing have also been getting slapped down. We

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Speaker 1: saw I think I covered a few weeks ago, how

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Speaker 1: the long standing case that everybody's been watching is the

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Speaker 1: SEC versus Ripple and XRP and they sort of lost

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Speaker 1: on some sort of made up on the other and

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Speaker 1: I want to go back into that. But now another

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Speaker 1: one which the SEC has been basically denying every single

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Speaker 1: bitcoin ETF that's come across its desk, which doesn't make

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Speaker 1: a lot of sense to me. They say that the

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Speaker 1: reason why that they want they don't want to allow

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Speaker 1: a spot bitcoin ETF is because they're not sure how

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Speaker 1: much manipulation is out there in the market, but I don't.

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Speaker 1: I've never really understood that. And the reason why is

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Speaker 1: you have two types of ETFs. ETF one is where

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Speaker 1: you don't really buy the underlying products. So what does

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Speaker 1: that mean. That means if I were to buy a

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Speaker 1: bitcoin ETF, a spot ETF, and I gave them a

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Speaker 1: thousand dollars, they would have to go buy one thousand

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Speaker 1: dollars with a bitcoin to back my thousand dollars in there.

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Speaker 1: That's a spot ETF. But the other way is on

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Speaker 1: the futures, where basically I'm just betting on the price

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Speaker 1: direction of the underlying asset. And that's how most gold

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Speaker 1: ETFs are. There's rumored, don't even know, it's rumored to

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Speaker 1: have about five hundred fake paper ounces for every one

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Speaker 1: real physical ounce. And so they're doing bitcoin the same way.

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Speaker 1: So they've allowed those types of bitcoin ETFs to happen.

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Speaker 1: But we don't have a spot a physical bitcoin ETF.

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Speaker 1: And they say, because we don't know how much manipulation's

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Speaker 1: out there, Well, if you manipulate the price, you manipulate

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Speaker 1: the price, what difference does it make if I own

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Speaker 1: the asset or not. We're still betting on the price

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Speaker 1: of the asset either way, right, So that never made

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Speaker 1: sense to me. But that's what they've been hanging on. Well,

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Speaker 1: there's Grayscale Bitcoin Trust I've talked about for a long time,

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Speaker 1: which is sort of like an ETF, but because ETFs

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Speaker 1: aren't allowed, it's under a different sort of entity called

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Speaker 1: a trust. But they Gray Scale wants to convert from

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Speaker 1: this trust into an ETF. They already hold the bitcoin

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Speaker 1: and so they've been trying to get that converted, and

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Speaker 1: the SEC has continued to deny their application to convert

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Speaker 1: from the trust into the ETF. So Gray Scale sued

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Speaker 1: and Gray Scale one. The Gray Scale won the lawsuit.

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Speaker 1: As a matter of fact, the judges unanimously repudiated the

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Speaker 1: SEC's arguments and the agency of what the agency said.

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Speaker 1: The appeals court found that the SEC to be arbitrary

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Speaker 1: and capricious in its denial order of gbtc's conversion into

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Speaker 1: an ETF, and it vacated the decision. They repudiated virtually

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Speaker 1: every argument made by the SEC when comparing the bitcoin

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Speaker 1: spot and the futures markets, saying the agency failed to

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Speaker 1: adequately explain why it approved ETFs tracking one and not

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Speaker 1: the other. That's exactly what I've been saying this whole time.

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Speaker 1: They reputed virtually every argument made by the SEC. So

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Speaker 1: the SEC is trying to say, no, no, no, these

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Speaker 1: are different. You know, the spot and the futures are different. Well,

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Speaker 1: the judge said, no, they're not. And so this is

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Speaker 1: a big deal, and it continues to discredit, It continues

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Speaker 1: to take away the credibility of the SEC and what

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Speaker 1: Gary Ginsler is doing. And apparently, according to Bloomberg Intelligence,

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Speaker 1: they're saying that now because this has happened, the chances

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Speaker 1: of the SEC approving a spot bitcoin ETF this year

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Speaker 1: have risen to seventy five percent from just sixty five

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Speaker 1: percent or before the win. Now, Bloomberg Intelligence says that

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Speaker 1: they believe that the odds are ninety five percent before

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Speaker 1: the end of twenty twenty four. Now that's a big

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Speaker 1: deal for a bunch of reasons. Like I said, it's

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Speaker 1: a big deal if you're a GBTC holder, a Grayscale

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Speaker 1: Bitcoin Trust holder. It's a big deal because it can

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Speaker 1: unlock those tokens for you. It's also a big deal

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Speaker 1: because it's showing a string of events where the SEC

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Speaker 1: is continually getting smacked down. And so we're starting to

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Speaker 1: see that this over you know, overburdensome, heavy handed approach

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Speaker 1: by the SEC is getting peeled back. And I think

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Speaker 1: that's a good thing. Like I said from the beginning,

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Speaker 1: I think they should just shut down. And so they're

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Speaker 1: not going to do that, but maybe it'll start to

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Speaker 1: slow them down a little bit, take away some of them,

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Speaker 1: like I said, some of their heavy handed actions. Now,

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Speaker 1: the big ETF that everybody's waiting for is this Blackrock ETF. Now,

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Speaker 1: Blackrock is the largest asset manager in the world. They're

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Speaker 1: essentially an extension of the government, if you will. They

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Speaker 1: do a lot of purchases for the FED, et cetera.

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Speaker 1: And they have an ATF that's on the docket, a

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Speaker 1: physical ETF, and they could be the first one in.

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Speaker 1: Now is Blackrock good or bad for the future of

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Speaker 1: bitcoin and crypto? Well, I'm no fan of Blackrock. That

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Speaker 1: is not a mystery. I talk bad about them all

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Speaker 1: the time. They've taken all your money and they use

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Speaker 1: it against your best interest. So I would say that

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Speaker 1: they're probably good and bad. I'm afraid that if they

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Speaker 1: do like what they always do, which is take over

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Speaker 1: majority interest in all these companies, they could use that

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Speaker 1: for bad, like they do all the time. I could

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Speaker 1: also argue that it could be good because it could

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Speaker 1: bring a massive amount of people into the bitcoin in

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Speaker 1: the cryptocurrency space, which could push the asset prices up

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Speaker 1: sky high to the moon. So I guess it depends

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Speaker 1: on it's good if you own crypto and bitcoin and

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Speaker 1: you'd like to see it go higher. It could be

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Speaker 1: bad because they could potentially try to centralize and manipulate

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Speaker 1: it like they don't normally do. Now, if you're just

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Speaker 1: tune in, you're listening to the markmas Show, we're talking

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Speaker 1: about the decentralized Revolution. We've been talking about some of

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Speaker 1: the latest breaking news headlines of the week. I got

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Speaker 1: a lot more to cover when I come back, So

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Speaker 1: don't go away. I'll bear back, all right, Welcome back.

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Speaker 1: If you're tune in, you're listening to the Mark mass Show.

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Speaker 1: We're talking about some of the latest breaking news headlines

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Speaker 1: that happened this week that continue to build on our

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Speaker 1: narrative of this decentralized revolution. Now, looking at the economy,

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Speaker 1: I always like to look at through the lens of politics, finance,

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Speaker 1: and technology, because it's really when you look at the

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Speaker 1: convergence of those three things that you really start to

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Speaker 1: build out a better picture of what the heck is

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Speaker 1: going on. But in regards to the economy, which is

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Speaker 1: driven by both politics and finance, if you want to

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Speaker 1: know what's going on there, you kind of have to

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Speaker 1: look at Jerome Powell, the head of the Federal Reserve.

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Speaker 1: The Federal Reserve sets the monetary policy, uh, not just

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Speaker 1: for the United States, but really for the whole world

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Speaker 1: by setting the price of money. Right, so when they

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Speaker 1: increase interest rates, like they've done the fastest rate in history,

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Speaker 1: then we they're changing the price of money. They're making

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Speaker 1: money more expensive. When money's more expensive, less people buy it.

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Speaker 1: You buy money by paying the interest rate. Now, the

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Speaker 1: FED just had their annual meeting in Jackson Hole, Wyoming,

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Speaker 1: where it wasn't just the US and the FED, it

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Speaker 1: was the international bankers as well. Christine Leguard from the

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Speaker 1: ECB European Central Bank was over there as lots of

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Speaker 1: other bankers were as well. Now, of course, since it's

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Speaker 1: in the US and it's the Jerome Powell and the

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Speaker 1: Fed's meeting, of course, mister Powell gave his keynote address. Now,

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Speaker 1: a couple of things of interest in there was that

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Speaker 1: he said that the fight against inflation wasn't finished and

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Speaker 1: that there was still a long way to go to

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Speaker 1: get the job done, which seems kind of hawkish. He

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Speaker 1: said that the lower monthly readings for core inflation in

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Speaker 1: June and July, we're welcome, So he liked it. But

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Speaker 1: he said two months of good data are only the beginning.

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Speaker 1: Twelve month core inflation data is still elevated. So he's

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Speaker 1: kind of saying, look, we're committed to bring it down inflation.

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Speaker 1: He said this many times. He said there's going to

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Speaker 1: be pain. He said, we have to get back to

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Speaker 1: two percent. He said, sure, we've seen some trends going down,

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Speaker 1: but we're not content with that yet. So he said

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Speaker 1: that quote, we see the current stance of our policy

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Speaker 1: as restrictive, putting downward pressure on economic activity, hiring, and inflation.

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Speaker 1: But we can't identify with certainty the neutral rate of interest,

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Speaker 1: and thus there is always uncertainty about the precise level

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Speaker 1: of monetary policy restraint end quote. Hmmm, kind of cryptic.

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Speaker 1: Let me break that quote down for you a little bit. So,

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Speaker 1: first of all, he said that we see that the

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Speaker 1: current stance of policy as restrictive so that's his policy.

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Speaker 1: So the policy he's enacting is restrictive. He says, quote

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Speaker 1: we see as restrictive putting downward pressure on economic activity, hiring,

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Speaker 1: and inflation. So we see current stands of policy, his

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Speaker 1: policy that he's enacted being restrictive and putting press down

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Speaker 1: pressure on the economy, hiring and inflation. So downward pressure

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Speaker 1: on economic activity. Do you own a business, well, he

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Speaker 1: is purposely trying to make it hard for your business.

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Speaker 1: He's trying to push down economic activity. He doesn't want

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Speaker 1: your business to have as many consumers or customers. That's

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Speaker 1: his goal. He says that it has downward pressure on hiring,

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Speaker 1: so unemployment. They want unemployment to go up, They want

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Speaker 1: less people working. Think about that. What he's saying. Our

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Speaker 1: current stance of policy, the policy that I, as the

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Speaker 1: FED chair, have put in place, is trying to slow

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Speaker 1: economic activity and hiring down. We don't want you to

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Speaker 1: have a job your job making more money is a

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Speaker 1: problem for us. It goes against what I'm trying to

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Speaker 1: do because I'm trying to bring inflation down to two percent,

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Speaker 1: and in order to do that, I need less people working,

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Speaker 1: and I need less people making. I need more people

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Speaker 1: making less money. How's that? Well, a good thing for

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Speaker 1: jern Powace. He doesn't get voted in. We don't vote

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Speaker 1: for him. Imagine people voting for someone who's literally trying

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Speaker 1: to destroy their businesses and their livelihood. Pretty interesting. And

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Speaker 1: then he goes on to say, we can't identify with

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Speaker 1: certainty the neutral rate of interest, and thus there's always

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Speaker 1: uncertainty about the precise level of monetary policy restraint. We

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Speaker 1: can't identify the certainty. Well, there is no such thing

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Speaker 1: a certain certainly. You can't control the certainty of the

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Speaker 1: outcome of the financial system. To think that you can

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Speaker 1: just show you that you're an idiot. But what he

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Speaker 1: said is that the the precise level or the neutral

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Speaker 1: rate of interest. So they're changing again the price of money,

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Speaker 1: that's the interest rate, trying to find the neutral rate

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Speaker 1: of interest. What the heck is the neutral rate of interest? Well,

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Speaker 1: they can't define it with any certainty. But what they're

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Speaker 1: trying to define is the rate. Is it four three percent?

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Speaker 1: The rate at which monetary policy is neither contradictory nor expansionary.

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Speaker 1: So when interest rates get low, the price of money,

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Speaker 1: the rate of interest goes low. Money's cheap, so lots

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Speaker 1: of people borrow it, so it expands. Expansionary is the

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Speaker 1: word you use. But if it's expensive, then less people

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Speaker 1: use it, and then it's contractory. So if money is expensive,

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Speaker 1: then I don't open up that new office, I don't

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Speaker 1: hire more people, I don't bring on new trucks, I

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Speaker 1: don't service new clients because the money is too expensive

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Speaker 1: for me to do that. So that's that's contracting the economy.

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Speaker 1: But if money's too cheap, then I expand. Now I

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Speaker 1: would argue that the market's always doing both and for

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Speaker 1: them to this point, we cannot identify with certainty the

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Speaker 1: neutral rate of interest. Well, of course you can't because

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Speaker 1: you don't understand. You don't have enough information. It's not

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Speaker 1: just your own power. Anybody who thought they could do

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Speaker 1: that would be out of their mind. You don't have

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Speaker 1: enough information to manage three hundred and thirty million people

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Speaker 1: in the NY State, eight billion people in the world, and

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Speaker 1: all they're changing once needs and desires. That's why the

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Speaker 1: price of money is not supposed to be set. The

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Speaker 1: price of money is set in the free market. You see.

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Speaker 1: The way it works is that if I want to

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Speaker 1: open up a new office, and I want to get

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Speaker 1: new trucks so I can service more customers, and I

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Speaker 1: have to go borrow money. I need to know how

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Speaker 1: much that money's going to cost me. If it's too expensive,

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Speaker 1: I don't take it. If it's too cheap, I do right.

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Speaker 1: But the problem is is when that's not found in

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Speaker 1: the free market. So the way it works is that

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Speaker 1: if a lot of people have a lot of savings,

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Speaker 1: then that money is cheap. We have more people with savings,

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Speaker 1: more people trying to lend me money, so there's less

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Speaker 1: people borrowing, more people trying to lend the price of

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Speaker 1: that money goes down. When that money goes cheap, it

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Speaker 1: tells me a lot about the economy. It tells me

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Speaker 1: that there's customers out there that have money. So I

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Speaker 1: borrow the money at this cheap rate because I know

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Speaker 1: it's cheap and I know the economy is good. Now.

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Speaker 1: The other the flip side is if there's a lot

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Speaker 1: of people wanting to borrow and not very many savers

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Speaker 1: and lenders, then the price of the money goes very expensive,

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Speaker 1: and that tells me that maybe I shouldn't take on

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Speaker 1: that loan because the economy is probably bad because there's

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Speaker 1: not a lot of extra money in the system, so

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Speaker 1: the price of money is supposed to change, Oh, you

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Speaker 1: mean mark like all other prices, on supplying demand. Yes,

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Speaker 1: on supplying demand, but somehow magically. Jerome Powell is trying

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Speaker 1: to come up with the rate of interest, the neutral

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Speaker 1: rate of interest, but he can't the personal quotes, so

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Speaker 1: he's prepared. He says, quote, we're prepared to raise rates

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Speaker 1: further if appropriate, and intend to hold policy at a

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Speaker 1: restrictive level until we're confident that inflation is moving sustainably

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Speaker 1: down toward our objective. But even then, he said, we'll

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Speaker 1: proceed carefully with future rate hikes. So basically it's a

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Speaker 1: bunch of wishy washy back and forth. We're pausitive, we

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Speaker 1: see some good signs, but we're not sure if we're

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Speaker 1: out of the woods yet, so we're gonna kind of

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Speaker 1: wait and see. So, in my opinion, if you want

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Speaker 1: me to interpret this fed speak, that's what we call

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Speaker 1: it FED speak to you, he's playing both sides, leaving

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Speaker 1: his options open. But in my opinion, he's setting the

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Speaker 1: stage for no more hikes and saying that we might

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Speaker 1: only have one or two more and we'll be done.

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Speaker 1: That's what I'm thinking, That's what I'm getting out of

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Speaker 1: this FED Speak. But what do you think i'd love

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Speaker 1: to hear from you? Hit me up on social media

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Speaker 1: at one Mark Moss and let me know. I'm gonna

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Speaker 1: take a very quick break. If you're just tuning to

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Speaker 1: listen to the Mark Mass Show, I'll be back with

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Speaker 1: more in a minute though, so don't go away. I'll

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Speaker 1: be right back, all right, Welcome back. If you're just

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Speaker 1: tune in, you're listening to the Mark Mass Show. We're

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Speaker 1: talking about the latest breaking news headlines of the week

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Speaker 1: to show you that our decentralized revolution thesis is in

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Speaker 1: full effect. What's happening, where we're going and what you

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Speaker 1: should be doing about it. Taking you through the play

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Speaker 1: by play so you don't get caught off guard. Now

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Speaker 1: we talked before the break. I was talking about the

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Speaker 1: FED speak and what they're doing to try to control

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Speaker 1: the market, which is pretty crazy, right. The market is

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Speaker 1: a organic organism that's made up of three hundred and

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Speaker 1: thirty million people that have all different once changing one's

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Speaker 1: needs and desires. Now, what their goal is that that

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Speaker 1: they have a central planner that'd be able to essentially

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Speaker 1: plan everything, But there's the problem that they don't have

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Speaker 1: enough information. Of course, there's the problem the future that

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Speaker 1: Klaus Schwab paints in his book. He paints his picture

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Speaker 1: of this AI where all of our brains are hooked

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Speaker 1: to this AI cloud, and then it can it can

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Speaker 1: have enough data where it can manage this for us.

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Speaker 1: But the problem I think that never works is that

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Speaker 1: we as humans are irrational, and so while an AI

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Speaker 1: might be able to look at every single decision I've

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Speaker 1: ever made and map out my next most probable decision

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Speaker 1: rationally based off of data, it doesn't take into effect

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Speaker 1: into account that humans are irrational. So I always want

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Speaker 1: steak every time I go to dinner. I have steak

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Speaker 1: all the time. But for some reason, that chicken looked

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Speaker 1: really good, and I just feel like having chicken right now.

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Speaker 1: I don't know why, just for some reason, I just

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Speaker 1: thought I'd have chicken, and so it can't take it

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Speaker 1: into account. But where they're trying now other ways they're

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Speaker 1: trying to control the economy is through well, as I

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Speaker 1: said before, changing the price of money, but also by

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Speaker 1: changing incentives. And this is what starts to get interesting.

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Speaker 1: You see, when a government tries to control an economy

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Speaker 1: with or i should say, a complex system with one

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Speaker 1: single lever. It leads to other unintended consequences. So what

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Speaker 1: am I talking about. Well, the FED has tried to

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Speaker 1: slow down inflation by making you broke, and they do

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Speaker 1: that by making the price of money very high. So

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Speaker 1: when the price of money goes very high right now,

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Speaker 1: buying a home is very difficult. As a matter of fact,

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Speaker 1: buying a price of home depends on where you're at,

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Speaker 1: but it has gone up by thirty forty percent just

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Speaker 1: because of the price of money going up, and so

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Speaker 1: it's harder. It's harder for people to buy homes. And

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Speaker 1: so that is the government policy. They've tried to fix

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Speaker 1: a problem from a different cause, but by changing the

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Speaker 1: price of money. But then unintended consequences is other people

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Speaker 1: go around that. So for example, we saw this week

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Speaker 1: that that Zillo, you know, the website that tells you

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Speaker 1: how much your home is worth, Zilo home Loans, is

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Speaker 1: now offering a home loan with only a one percent

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Speaker 1: down payment option. You see, So the FED wants to

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Speaker 1: slow home buying down by making the price of money higher,

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Speaker 1: and a company like Zillo just says, well, Okay, well

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Speaker 1: what has changed the program? So we'll still make it attractive,

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Speaker 1: which is why you can't change a complex system with

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Speaker 1: one single thing. It's like your body. Your body's a

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Speaker 1: complex system. And so I have let's say I have heartburn.

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Speaker 1: So I go to my doctor. Hey, doctor, I have heartburn,

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Speaker 1: and he gives me an ant ad, a prescription and tasset.

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Speaker 1: But then I have all these different side effects. Right,

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Speaker 1: all these medications you see advertised on TV all the time,

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Speaker 1: they have all these different side effects. So all I

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Speaker 1: did was have heartburn. My doctor could have said you

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Speaker 1: should have a more alkaline diet. That would be easy.

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Speaker 1: But it'saad he puts around on a prescription because he's

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Speaker 1: trying to affect one thing in a complex system. And

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Speaker 1: that's exactly what happened. So Zilla's mortgage arm launched a

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Speaker 1: down payment assistance program where the company will cover two

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Speaker 1: percent of the borrowers down payment at closing, which would

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Speaker 1: allow buyers to pay just one percent up front. Well,

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Speaker 1: when you make money cheap, when you make it easier

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Speaker 1: to buy homes, more people will, that's what they want.

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Speaker 1: Is just funny because that's not what the government wants. Now,

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Speaker 1: this is as of right now, it's only available for

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Speaker 1: It's only available and eligible for people in Arizona, which

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Speaker 1: I think is pretty interesting. I don't have any I

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Speaker 1: don't have any data to tell me why only Arizona.

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Speaker 1: Part of what I'm thinking is because maybe they think

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Speaker 1: Arizona might be the best real estate market right now.

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Speaker 1: I do have some investor friends who are buying department

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Speaker 1: buildings in the Greater Phoenix area the suburbs of Phoenix,

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Speaker 1: because they think it's one of the best markets out there.

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Speaker 1: So maybe they're saying, well, we wouldn't want to do

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Speaker 1: it in like Seattle or San Francisco, which are two

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Speaker 1: of the worst real estate markets in the nation, but

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Speaker 1: we feel pretty good about Arizona's will do that. I'm

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Speaker 1: saying that, I'm guessing at that. I don't have that

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Speaker 1: as fact, but basically, what they want to do is

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Speaker 1: allow you to take this two percent portion of the

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Speaker 1: down payment and pay it and pay it during the closing,

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Speaker 1: not as a payment to the borrower. Right now, it's

427
00:22:49,280 --> 00:22:52,439
Speaker 1: only eligible for first time borrowers in Arizona, and the

428
00:22:52,440 --> 00:22:54,280
Speaker 1: option to put a one percent to three percent down

429
00:22:54,320 --> 00:22:57,840
Speaker 1: payment on a home, and then ZILLA will provide the

430
00:22:57,840 --> 00:23:00,399
Speaker 1: rest as a grant. So, for example, let's say that

431
00:23:00,440 --> 00:23:03,280
Speaker 1: you chose a five percent down payment, then they'd cover two.

432
00:23:03,320 --> 00:23:05,080
Speaker 1: You'd have to come up with three something like that.

433
00:23:06,000 --> 00:23:09,399
Speaker 1: A minimum qualifying FICO a credit score of six twenty

434
00:23:09,560 --> 00:23:11,760
Speaker 1: or better, and you have to have income no more

435
00:23:11,800 --> 00:23:15,879
Speaker 1: than eighty percent of the area medium income where the

436
00:23:15,920 --> 00:23:19,480
Speaker 1: property is located. So yeah, there is some qualification that

437
00:23:19,480 --> 00:23:21,399
Speaker 1: you have to follow, but the credit score is pretty

438
00:23:21,440 --> 00:23:27,480
Speaker 1: low six twenty and minimum you know, income for the area.

439
00:23:28,640 --> 00:23:30,200
Speaker 1: A home buyer looking to purchase a two and seventy

440
00:23:30,200 --> 00:23:32,600
Speaker 1: five thousand dollar home in Phoenix, Arizona, makes eighty percent

441
00:23:32,680 --> 00:23:36,120
Speaker 1: of their AMI and saves five percent of their income

442
00:23:37,800 --> 00:23:40,959
Speaker 1: would need only eleven months to save for the down payment.

443
00:23:41,280 --> 00:23:45,320
Speaker 1: So if you made eighty percent of the area median income,

444
00:23:45,960 --> 00:23:49,639
Speaker 1: it should take you and you're only saving five percent

445
00:23:49,640 --> 00:23:51,160
Speaker 1: of your income, which by the way, should st save

446
00:23:51,200 --> 00:23:53,680
Speaker 1: way more than that, it would take you eleven months

447
00:23:53,720 --> 00:23:56,040
Speaker 1: to save for the down payment. By comparison to the

448
00:23:56,040 --> 00:23:57,840
Speaker 1: same buyer who needed to save three percent of the

449
00:23:57,880 --> 00:24:00,439
Speaker 1: purchase price would be required thirty one months. So they

450
00:24:00,480 --> 00:24:01,920
Speaker 1: take the amount of time you have to say, from

451
00:24:01,960 --> 00:24:04,159
Speaker 1: thirty one months all the way down to our eleven

452
00:24:04,200 --> 00:24:08,920
Speaker 1: months now. Interesting enough. Presidential candidate RFK Junior came out

453
00:24:08,960 --> 00:24:13,040
Speaker 1: this week and said something very similar, and he proposed

454
00:24:14,200 --> 00:24:18,800
Speaker 1: that if elected president, he would introduce a three percent

455
00:24:18,920 --> 00:24:21,920
Speaker 1: mortgage rate for Americans, backed by the government and funded

456
00:24:21,960 --> 00:24:27,399
Speaker 1: two selling of tax rebonds. Well, interesting enough, RFK, the

457
00:24:27,480 --> 00:24:31,800
Speaker 1: government already does that. That's sort of the whole point

458
00:24:31,840 --> 00:24:34,399
Speaker 1: of what Zillo's doing. If you take a three percent

459
00:24:34,640 --> 00:24:37,080
Speaker 1: down payment, they'll cover two of it for you. So

460
00:24:37,119 --> 00:24:39,120
Speaker 1: he wants to introduce a three percent mortgage, but we

461
00:24:39,320 --> 00:24:42,560
Speaker 1: already have that. And I hate to tell you, RFK Junior,

462
00:24:42,600 --> 00:24:45,640
Speaker 1: but most of the home loans under that are under

463
00:24:45,720 --> 00:24:51,199
Speaker 1: jumbo size, are backed by the government already. That's the Fanny,

464
00:24:51,400 --> 00:24:56,520
Speaker 1: the Freddie, the VA. We already have that. So that's

465
00:24:56,520 --> 00:24:59,000
Speaker 1: pretty interesting that he said that. I think it's like

466
00:24:59,040 --> 00:25:02,760
Speaker 1: a last ditch effort to buy votes, and it's pretty sad.

467
00:25:03,080 --> 00:25:06,240
Speaker 1: I've never voted Democrat in my life, but RFK is

468
00:25:06,280 --> 00:25:09,240
Speaker 1: somebody that I could get behind. I think he could

469
00:25:09,280 --> 00:25:11,879
Speaker 1: beat Biden heads up straight up in any election right

470
00:25:11,920 --> 00:25:16,280
Speaker 1: now today, But he seems to be kind of falling behind,

471
00:25:16,359 --> 00:25:18,199
Speaker 1: maybe in a little bit of relevance in the polls.

472
00:25:18,800 --> 00:25:20,760
Speaker 1: Maybe this is like a hell Mary last its effort

473
00:25:20,800 --> 00:25:23,239
Speaker 1: for him to buy some votes. I don't really know,

474
00:25:24,200 --> 00:25:26,320
Speaker 1: but we already got that. Now. Another thing that I

475
00:25:26,359 --> 00:25:28,520
Speaker 1: saw this week that really caught me off guard was

476
00:25:28,600 --> 00:25:34,000
Speaker 1: the new quote quote new affordable housing market. Now, we

477
00:25:34,080 --> 00:25:39,480
Speaker 1: saw Lenar Holmes, based out of Florida, selling tiny homes

478
00:25:39,680 --> 00:25:44,800
Speaker 1: in Texas for one hundred and thirty thousand dollars, sparking criticism.

479
00:25:45,000 --> 00:25:48,000
Speaker 1: This is the new affordable housing market. So they are

480
00:25:48,119 --> 00:25:52,720
Speaker 1: literally they built an entire community of tiny homes, tiny homes,

481
00:25:52,760 --> 00:25:56,000
Speaker 1: three hundred and fifty square foot homes in San Antonio, Texas,

482
00:25:56,040 --> 00:25:58,520
Speaker 1: three hundred and fifty square feet homes in San Antonio, Texas,

483
00:25:58,560 --> 00:26:03,879
Speaker 1: an entire neighborhood of them, and there are one hundred

484
00:26:03,920 --> 00:26:09,120
Speaker 1: and thirty thousand dollars. Critics questions question to whether it's enough.

485
00:26:09,640 --> 00:26:11,720
Speaker 1: That's enough? I mean, is that price enough? One hundred

486
00:26:11,720 --> 00:26:13,679
Speaker 1: and thirty thousand for a tiny that should be like

487
00:26:14,240 --> 00:26:18,360
Speaker 1: fifty thousand, maybe one hundred and thirty thousand. I mean, wow,

488
00:26:18,520 --> 00:26:21,520
Speaker 1: So that's an affordable home for you. Now. California has

489
00:26:21,520 --> 00:26:23,480
Speaker 1: their own way to deal with the affordable housing crisis.

490
00:26:23,520 --> 00:26:25,919
Speaker 1: As a matter of fact, good old Gavin Newsom, he

491
00:26:26,080 --> 00:26:31,960
Speaker 1: signed a bill legislation to increase affordable housing supply in California.

492
00:26:32,240 --> 00:26:34,840
Speaker 1: And you know what their plan was. Their great plan was,

493
00:26:35,040 --> 00:26:37,040
Speaker 1: why don't you just build a new house on a

494
00:26:37,040 --> 00:26:39,639
Speaker 1: second house on your lot. If everyone just were to

495
00:26:39,680 --> 00:26:43,399
Speaker 1: add a second house onto their existing lot, well that

496
00:26:43,440 --> 00:26:45,879
Speaker 1: would make it more affordable. And as a matter of fact,

497
00:26:46,040 --> 00:26:49,280
Speaker 1: let's give out grants. We'll give anyone between twenty five

498
00:26:49,359 --> 00:26:52,800
Speaker 1: thousand to forty thousand dollars if they'll build one of

499
00:26:52,840 --> 00:26:56,960
Speaker 1: these houses. So the absurdity of trying to make housing

500
00:26:57,080 --> 00:27:00,320
Speaker 1: affordable by either making it so tiny you can living

501
00:27:00,400 --> 00:27:03,360
Speaker 1: it tiny homes in San Antonio three and fifty square feet,

502
00:27:03,560 --> 00:27:07,800
Speaker 1: or just build a second house on your lot. None

503
00:27:07,880 --> 00:27:10,760
Speaker 1: of those addressed the underlying problem, which is why your

504
00:27:10,800 --> 00:27:13,400
Speaker 1: house is so expensive in the first place. If you're

505
00:27:13,400 --> 00:27:15,120
Speaker 1: just tuning in, you're listening to the Mark Mass Show

506
00:27:15,200 --> 00:27:18,520
Speaker 1: talking about the decentralized Revolution. I got a lot more

507
00:27:18,560 --> 00:27:19,800
Speaker 1: to cover when I come back. You don't want to

508
00:27:19,800 --> 00:27:21,760
Speaker 1: miss it, so don't go away. I'll be her back,

509
00:27:22,080 --> 00:27:23,520
Speaker 1: all right, welcome back. If you're just tune in, you're

510
00:27:23,560 --> 00:27:25,960
Speaker 1: listening to the Mark Mass Show, We're talking about some

511
00:27:26,000 --> 00:27:28,159
Speaker 1: of the latest breaking news headlines of this week so

512
00:27:28,200 --> 00:27:31,000
Speaker 1: you can understand the play by play and what the

513
00:27:31,000 --> 00:27:33,800
Speaker 1: heck is going on with this decentralized revolution that we have.

514
00:27:34,560 --> 00:27:37,200
Speaker 1: And I saw these stories that popped up this week

515
00:27:37,240 --> 00:27:40,439
Speaker 1: that really just struck me. Maybe a little bit different

516
00:27:40,440 --> 00:27:44,160
Speaker 1: stories than I typically talk about, but I thought very

517
00:27:44,760 --> 00:27:48,200
Speaker 1: important and timely to talk about because it really highlights

518
00:27:48,240 --> 00:27:52,119
Speaker 1: where we're at right now, and it actually dovetails in

519
00:27:52,160 --> 00:27:55,119
Speaker 1: with a story I talked about last week. So what

520
00:27:55,160 --> 00:27:58,760
Speaker 1: am I talking about? Well, a video went viral in

521
00:27:58,800 --> 00:28:02,200
Speaker 1: the last couple of days of a kid in middle school,

522
00:28:02,240 --> 00:28:06,879
Speaker 1: a twelve year old boy in Colorado Springs basically being

523
00:28:07,119 --> 00:28:12,240
Speaker 1: chastised by a school administrator because he had a patch

524
00:28:12,320 --> 00:28:16,920
Speaker 1: on his backpack. Now this is significant for any number

525
00:28:16,920 --> 00:28:20,840
Speaker 1: of things. The patch on his backpack was the Gadson flag.

526
00:28:21,359 --> 00:28:23,720
Speaker 1: Now you might know what I'm talking about because last

527
00:28:23,720 --> 00:28:26,600
Speaker 1: week I talked about the Gadson flag specifically, I didn't

528
00:28:26,640 --> 00:28:28,360
Speaker 1: know the story was going to come out. I talked

529
00:28:28,359 --> 00:28:30,480
Speaker 1: about how I typically have a mug. I don't have

530
00:28:30,520 --> 00:28:32,359
Speaker 1: it with me today, but I typically have a mug

531
00:28:32,400 --> 00:28:34,320
Speaker 1: that has the Gadsen flag on there, and I was

532
00:28:34,359 --> 00:28:36,359
Speaker 1: also wearing a shirt that had it, and I was

533
00:28:36,400 --> 00:28:39,760
Speaker 1: explaining why I like that and what it means to me,

534
00:28:39,800 --> 00:28:42,440
Speaker 1: and I talked about the history of that. So now

535
00:28:42,480 --> 00:28:45,680
Speaker 1: you are educated more than this school administrator, who obviously

536
00:28:45,680 --> 00:28:48,920
Speaker 1: has no idea what they're talking about. I mean, how

537
00:28:49,160 --> 00:28:52,959
Speaker 1: ignorant are these people running our schools. I mean, if

538
00:28:52,960 --> 00:28:55,280
Speaker 1: this doesn't highlight it, then I don't know what does.

539
00:28:55,520 --> 00:28:57,760
Speaker 1: And so basically, the school administrator sitting down this twelve

540
00:28:57,800 --> 00:29:01,680
Speaker 1: year old kid and his mother and saying that you

541
00:29:01,720 --> 00:29:05,720
Speaker 1: can't have this backpack, this patch on your backpack because

542
00:29:05,880 --> 00:29:09,960
Speaker 1: it represents slavery. Slavery and the slave trade is what

543
00:29:10,000 --> 00:29:13,840
Speaker 1: they said, and that the patch is disruptive to the

544
00:29:13,880 --> 00:29:16,880
Speaker 1: classroom environment. Now, if you listen to my show, or

545
00:29:16,880 --> 00:29:18,840
Speaker 1: if you could just spend a couple seconds on Google,

546
00:29:19,080 --> 00:29:22,760
Speaker 1: you'd find out the truth that the flags has nothing

547
00:29:22,760 --> 00:29:25,000
Speaker 1: to do with slavery. As a matter of fact, the

548
00:29:25,520 --> 00:29:27,760
Speaker 1: gads and flag is the rattlesnake that says, don't tread

549
00:29:27,760 --> 00:29:29,840
Speaker 1: on me. That's the slogan don't tread on me. And

550
00:29:29,840 --> 00:29:35,280
Speaker 1: it originated during the American Revolution. It was at a

551
00:29:35,360 --> 00:29:39,240
Speaker 1: time when America was beating back the British. That's what

552
00:29:39,280 --> 00:29:42,120
Speaker 1: it was for the Americans, was telling the British, hey,

553
00:29:42,440 --> 00:29:47,960
Speaker 1: don't tread on me. Had nothing to do with slavery. Now,

554
00:29:48,000 --> 00:29:50,160
Speaker 1: the American Revolution is something that I'm very proud of.

555
00:29:50,240 --> 00:29:51,680
Speaker 1: It's something that I was taught to be proud of.

556
00:29:51,760 --> 00:29:53,640
Speaker 1: It's something I think we should continue to teach people

557
00:29:53,640 --> 00:29:58,200
Speaker 1: to be proud of. And apparently this administrator obviously doesn't

558
00:29:58,240 --> 00:30:01,000
Speaker 1: know anything about it or their life and making it up.

559
00:30:01,600 --> 00:30:07,760
Speaker 1: Why is that? Well, and this is my opinion, so

560
00:30:07,840 --> 00:30:10,040
Speaker 1: let me dive into opinion a little bit here. The

561
00:30:10,120 --> 00:30:14,720
Speaker 1: opinion is that they don't want you to have anything

562
00:30:14,760 --> 00:30:19,720
Speaker 1: that would make you bold or rally people to stand

563
00:30:19,800 --> 00:30:24,080
Speaker 1: up and be an individual. How dare you show something

564
00:30:24,080 --> 00:30:27,080
Speaker 1: that says, don't tread on me. How dare you encourage

565
00:30:27,160 --> 00:30:30,239
Speaker 1: other people to stand up for what they believe? How

566
00:30:30,320 --> 00:30:34,680
Speaker 1: dare you fall in line, be a good student, Listen

567
00:30:34,720 --> 00:30:36,959
Speaker 1: to what you say, repeat back what I ask you,

568
00:30:37,160 --> 00:30:40,160
Speaker 1: and that's it. Don't think on your own, don't ever

569
00:30:40,240 --> 00:30:43,080
Speaker 1: think you could challenge me, and certainly don't be an

570
00:30:43,120 --> 00:30:45,400
Speaker 1: example to get other people to stand up. That's what

571
00:30:45,400 --> 00:30:48,800
Speaker 1: they say. The reason why is because when everybody's been

572
00:30:48,880 --> 00:30:51,920
Speaker 1: forced to live a lie. As soon as one person

573
00:30:52,040 --> 00:30:56,480
Speaker 1: can stand up and burst through the crust of that lie,

574
00:30:56,720 --> 00:30:59,560
Speaker 1: other people are going to want to as well. Look,

575
00:30:59,800 --> 00:31:01,960
Speaker 1: don't want to be told what to do, and that

576
00:31:02,120 --> 00:31:03,840
Speaker 1: don't tread on me. As I gave you the reason

577
00:31:03,840 --> 00:31:06,440
Speaker 1: why I like it so much last week. Is the

578
00:31:06,480 --> 00:31:09,400
Speaker 1: thing that it's the message they don't want. And this

579
00:31:09,520 --> 00:31:13,080
Speaker 1: video that went viral, I think sums it all up.

580
00:31:13,440 --> 00:31:15,600
Speaker 1: There's an article written that said the jocks are going

581
00:31:15,680 --> 00:31:19,720
Speaker 1: to save the republic one defiant grin at a time.

582
00:31:20,120 --> 00:31:22,160
Speaker 1: So if you see this video, you see this little kid,

583
00:31:22,160 --> 00:31:25,880
Speaker 1: twelve yearl good, with this like smug smile on his face.

584
00:31:26,440 --> 00:31:30,280
Speaker 1: And the contrast that you saw between this petty administrator

585
00:31:30,840 --> 00:31:36,240
Speaker 1: and a middle schooler, it couldn't be more opposite, right,

586
00:31:36,600 --> 00:31:39,320
Speaker 1: You see this petty administrator with this like face like

587
00:31:39,360 --> 00:31:40,800
Speaker 1: she just sucked on a limit, and you got this

588
00:31:40,880 --> 00:31:43,720
Speaker 1: boy who's just kind of got this smile on his face.

589
00:31:44,240 --> 00:31:50,480
Speaker 1: And one represents a class of power hungry pta hoa

590
00:31:50,600 --> 00:31:55,840
Speaker 1: president types whose greatest joy in life is just to

591
00:31:56,160 --> 00:31:58,120
Speaker 1: use any type of power they can get to tell

592
00:31:58,200 --> 00:32:01,080
Speaker 1: you what to do right, whether in your neighborhood or

593
00:32:01,120 --> 00:32:05,400
Speaker 1: your school, whether it's the airline. You know, they used

594
00:32:05,400 --> 00:32:07,320
Speaker 1: to be customer service on the plane. Now they just

595
00:32:07,360 --> 00:32:10,440
Speaker 1: want to enforce rules any type of power they can get.

596
00:32:10,640 --> 00:32:14,440
Speaker 1: They like that that represents one side, right because no

597
00:32:14,480 --> 00:32:16,120
Speaker 1: one else in their lives are probably going to listen

598
00:32:16,200 --> 00:32:18,520
Speaker 1: to them. These are the types of people who would

599
00:32:18,560 --> 00:32:21,240
Speaker 1: track you down in a grocery store, you know, during

600
00:32:21,640 --> 00:32:23,400
Speaker 1: the pandemic, and tell you need to put on a

601
00:32:23,440 --> 00:32:28,880
Speaker 1: face covering. Now. Unfortunately, and not to make this sexist,

602
00:32:28,920 --> 00:32:33,760
Speaker 1: but women typically are overwhelmingly the numbers that are in

603
00:32:33,920 --> 00:32:39,840
Speaker 1: jobs like HR, administrative services, education, community service, social work

604
00:32:40,080 --> 00:32:46,000
Speaker 1: sectors with higher rates of things like that. Stereotypically, males

605
00:32:46,040 --> 00:32:49,160
Speaker 1: move into stem science technology things like that, women sort

606
00:32:49,160 --> 00:32:53,480
Speaker 1: of move into those roles now because of that, Now

607
00:32:53,560 --> 00:32:57,480
Speaker 1: you might have noticed that they have to then enforce

608
00:32:57,560 --> 00:33:00,080
Speaker 1: these petty rules. Maybe they want to, maybe they're forced to,

609
00:33:00,160 --> 00:33:03,040
Speaker 1: but either way, they're enforcing these petty rules. Stand in line,

610
00:33:03,200 --> 00:33:05,640
Speaker 1: don't ask questions, don't put a flag on your back,

611
00:33:05,800 --> 00:33:08,800
Speaker 1: even though it doesn't mean what I say it means. Now,

612
00:33:10,440 --> 00:33:13,400
Speaker 1: we also see statistically that young men have a greater

613
00:33:13,480 --> 00:33:18,200
Speaker 1: tendency to challenge those rules. We see that what we're

614
00:33:18,240 --> 00:33:21,240
Speaker 1: seeing through lots of polls is that males are now

615
00:33:21,240 --> 00:33:24,320
Speaker 1: starting to lean much more conservative. According to the Federal

616
00:33:24,400 --> 00:33:28,360
Speaker 1: Monitor the Future Survey of twelfth grade boys are nearly

617
00:33:28,440 --> 00:33:32,680
Speaker 1: twice as likely to identify as conservatives versus liberal. Among

618
00:33:32,800 --> 00:33:36,720
Speaker 1: senior girls, the trend was actually the opposite. So why

619
00:33:36,760 --> 00:33:40,600
Speaker 1: are young boys being turned off by left wing ideology?

620
00:33:40,840 --> 00:33:42,600
Speaker 1: Could it be that they're sick of being told that

621
00:33:42,640 --> 00:33:46,560
Speaker 1: their masculinity is oppressive and evil, that women actually run

622
00:33:46,640 --> 00:33:50,800
Speaker 1: the world, that the best boys are actually girls. Are

623
00:33:50,800 --> 00:33:52,920
Speaker 1: they maybe getting sick of having their thoughts and actions

624
00:33:52,960 --> 00:33:58,320
Speaker 1: dictated by babysitters in middle management. Well, there's a school

625
00:33:58,320 --> 00:34:02,760
Speaker 1: in Florida was making headlines. They're saying that Ron DeSantis

626
00:34:02,760 --> 00:34:06,200
Speaker 1: is leading the charge over there, and they had a

627
00:34:06,200 --> 00:34:09,600
Speaker 1: headline that says gender studies are out and jocks are in.

628
00:34:13,000 --> 00:34:17,160
Speaker 1: Male toxic masculinity seems to be coming back. Now there's

629
00:34:17,200 --> 00:34:20,280
Speaker 1: a TikToker that made a lot of noise ms petch

630
00:34:20,560 --> 00:34:24,440
Speaker 1: and she bemoaned how as a liberal woman, is it

631
00:34:24,480 --> 00:34:26,640
Speaker 1: really hard to find a man who's willing to play

632
00:34:27,040 --> 00:34:31,320
Speaker 1: the more traditional masculine role in the relationship in today's

633
00:34:31,400 --> 00:34:35,240
Speaker 1: day and age who's not a conservative? So she's asking

634
00:34:35,719 --> 00:34:37,680
Speaker 1: why is it that I can't find someone to be

635
00:34:37,719 --> 00:34:43,919
Speaker 1: a traditional masculine role model as a liberal. That's because

636
00:34:43,960 --> 00:34:47,279
Speaker 1: the answer is because they're not. They're conservative. And I

637
00:34:47,280 --> 00:34:49,239
Speaker 1: don't really like these labels. I don't like to use that,

638
00:34:49,360 --> 00:34:52,800
Speaker 1: but that is the world that we're seeing. And now

639
00:34:53,880 --> 00:34:56,480
Speaker 1: let me just be clear, we also need very gutsy

640
00:34:56,520 --> 00:34:59,600
Speaker 1: women too. Now. Shout out to my wife. She is

641
00:35:00,480 --> 00:35:03,560
Speaker 1: she will go to war on anybody trying to impose

642
00:35:03,680 --> 00:35:06,440
Speaker 1: on our kids like this. And we need more mothers

643
00:35:06,480 --> 00:35:09,200
Speaker 1: like this kid's mom as well, who sat there in

644
00:35:09,239 --> 00:35:11,600
Speaker 1: the room with this teacher and challenged her and said, look,

645
00:35:11,640 --> 00:35:13,279
Speaker 1: you don't know what you're talking about. You don't even

646
00:35:13,280 --> 00:35:16,320
Speaker 1: know what the flag is. The flag is not about slavery.

647
00:35:16,360 --> 00:35:19,000
Speaker 1: The flag is about the British and the Revolutionary War.

648
00:35:19,200 --> 00:35:22,200
Speaker 1: We need more mothers like that as well. Now we're

649
00:35:22,200 --> 00:35:24,919
Speaker 1: starting to see this seep into greater culture. We saw

650
00:35:24,960 --> 00:35:29,280
Speaker 1: this week that CNN just had their third president hired

651
00:35:29,280 --> 00:35:32,520
Speaker 1: in just the last eighteen months, and we're starting to

652
00:35:32,560 --> 00:35:35,000
Speaker 1: see the same thing now. One thing that I think

653
00:35:35,040 --> 00:35:38,440
Speaker 1: how this dovetails in is that we saw that the

654
00:35:38,440 --> 00:35:40,600
Speaker 1: CNN president or the head of the new network now

655
00:35:40,680 --> 00:35:45,120
Speaker 1: was purchased by David Zaslov. He also owns Discovery, HBO,

656
00:35:45,400 --> 00:35:48,960
Speaker 1: Warner Brothers. And he said that we face pressure from

657
00:35:49,000 --> 00:35:55,880
Speaker 1: every direction, structural, political, cultural, and you name it. He

658
00:35:55,920 --> 00:36:00,000
Speaker 1: said that, he said that their news outlet is approaching

659
00:36:00,320 --> 00:36:05,359
Speaker 1: peak disruption, and these are why why are they as

660
00:36:05,400 --> 00:36:09,239
Speaker 1: a company facing structural changes and cultural changes? We know

661
00:36:09,280 --> 00:36:12,040
Speaker 1: that we talked about the culture right with the difference

662
00:36:12,040 --> 00:36:13,279
Speaker 1: of the men and the women, the difference of the

663
00:36:15,080 --> 00:36:22,600
Speaker 1: administrators versus the real people. But why political? Why political? Well,

664
00:36:22,680 --> 00:36:24,879
Speaker 1: there's a question that you should be asking ourselves. These

665
00:36:24,920 --> 00:36:26,799
Speaker 1: are the signs that show where the world is going

666
00:36:26,840 --> 00:36:31,200
Speaker 1: as we continue to break apart. And you know it's

667
00:36:31,280 --> 00:36:33,160
Speaker 1: a structural change as well. Like I said that they're

668
00:36:33,200 --> 00:36:37,080
Speaker 1: approaching peak disruption, it's always technology that changes the world.

669
00:36:37,640 --> 00:36:39,440
Speaker 1: We no longer need to be on a network that

670
00:36:39,520 --> 00:36:44,120
Speaker 1: feeds us linear content time after time, and so technology

671
00:36:44,160 --> 00:36:46,560
Speaker 1: has changed the world. If you're just tuning in listening

672
00:36:46,600 --> 00:36:47,920
Speaker 1: to the Mark Maus Show, I've been talking about the

673
00:36:47,960 --> 00:36:51,280
Speaker 1: decentralized revolution, running you through the latest breaking news headlines

674
00:36:51,320 --> 00:36:53,279
Speaker 1: of the week, keeping you up the date so you

675
00:36:53,400 --> 00:36:54,800
Speaker 1: know what's going on and what to do about it.

676
00:36:55,280 --> 00:36:56,799
Speaker 1: That's what I got, Thanks so much for listening,