1 00:00:00,200 --> 00:00:02,800 Speaker 1: Hey, everyone, welcome to the Mark Moa Show where I 2 00:00:02,840 --> 00:00:08,040 Speaker 1: am talking about bitcoin and cryptocurrencies and this decentralized revolution 3 00:00:08,080 --> 00:00:13,120 Speaker 1: that we are witnessing. We're living through it, you know. Um, 4 00:00:13,200 --> 00:00:15,840 Speaker 1: it's probably you know, most people think about, you know, 5 00:00:15,920 --> 00:00:18,799 Speaker 1: what's happened throughout their lives, and then you kind of 6 00:00:18,800 --> 00:00:21,160 Speaker 1: compare that to history books. And of course history books 7 00:00:21,160 --> 00:00:23,799 Speaker 1: are full of these big moments, like you know, the 8 00:00:23,840 --> 00:00:27,640 Speaker 1: American Revolution and the Civil War and um, you know 9 00:00:27,720 --> 00:00:30,840 Speaker 1: Martin Luther King or JFK or whatever it may be, 10 00:00:31,440 --> 00:00:34,120 Speaker 1: and like, you know, what's going on in our lifetime, 11 00:00:35,200 --> 00:00:37,880 Speaker 1: and so you don't really you know, you don't really 12 00:00:37,960 --> 00:00:40,240 Speaker 1: notice it. It's kind of like maybe the frog and 13 00:00:40,280 --> 00:00:42,960 Speaker 1: the boiling pot of water. But I'm here to tell 14 00:00:42,960 --> 00:00:48,159 Speaker 1: you that we are literally living through the biggest shift 15 00:00:48,800 --> 00:00:52,479 Speaker 1: that humanity has ever seen. We're seeing the entire world 16 00:00:52,680 --> 00:00:56,560 Speaker 1: change right before our very eyes and kind of like 17 00:00:56,560 --> 00:00:59,200 Speaker 1: watching paint dry. You probably don't notice it, but it's happening. 18 00:00:59,720 --> 00:01:02,160 Speaker 1: It's I want to bring to you the information so 19 00:01:02,240 --> 00:01:05,360 Speaker 1: you notice it. Um. You know, there's a lot of 20 00:01:05,400 --> 00:01:09,800 Speaker 1: volatility in this world today. Um, it's scary, you know, 21 00:01:09,840 --> 00:01:11,600 Speaker 1: we don't know what's going to happen right. In times 22 00:01:11,600 --> 00:01:14,840 Speaker 1: of this uncertainty, it's fear uncertainty and doubt. We call 23 00:01:14,880 --> 00:01:18,479 Speaker 1: it FUD in the bitcoin space, fear uncertainty in doubt. 24 00:01:18,480 --> 00:01:19,920 Speaker 1: And so there's a lot of fear in certainty in doubt, 25 00:01:20,880 --> 00:01:23,200 Speaker 1: um and there, and and there's good reason for that, right. 26 00:01:23,200 --> 00:01:25,160 Speaker 1: It's like when you don't know what the future holds, 27 00:01:25,240 --> 00:01:27,800 Speaker 1: even if you're expecting something good to happen, there's still 28 00:01:27,840 --> 00:01:30,560 Speaker 1: this anxiousness that sits there because you don't know what's 29 00:01:30,560 --> 00:01:35,520 Speaker 1: gonna happen. And so I get that. But the thing 30 00:01:35,560 --> 00:01:40,880 Speaker 1: to understand is that through times of volatility, typically there's well, 31 00:01:40,920 --> 00:01:44,280 Speaker 1: you're anxious, and so there's two outcomes, right, You're anxious 32 00:01:44,319 --> 00:01:48,680 Speaker 1: that things could go bad, um, and maybe you're hoping 33 00:01:48,720 --> 00:01:50,520 Speaker 1: that things go good, right, And that's I guess those 34 00:01:50,520 --> 00:01:53,200 Speaker 1: are two outcomes that you have. And I would say 35 00:01:53,240 --> 00:01:59,680 Speaker 1: that in times of extreme volatility equal extremely bad outcomes 36 00:01:59,800 --> 00:02:05,640 Speaker 1: or extremely good outcomes. And you personally listening to this 37 00:02:06,000 --> 00:02:08,400 Speaker 1: right now, get to decide which side you want to 38 00:02:08,440 --> 00:02:10,680 Speaker 1: be on. Do you want to be on the side 39 00:02:10,760 --> 00:02:14,200 Speaker 1: that benefits from the volatility and has a better life, 40 00:02:14,480 --> 00:02:15,640 Speaker 1: or do you want to be on the side that 41 00:02:15,960 --> 00:02:21,280 Speaker 1: has disastrous outcome. You know, I think, um, the world 42 00:02:21,360 --> 00:02:23,600 Speaker 1: is a scary place right now, and it can be depressing. 43 00:02:23,639 --> 00:02:26,800 Speaker 1: I mean, especially if you're paying attention to you know, 44 00:02:26,960 --> 00:02:29,760 Speaker 1: the government overreach and the loss of privacy and the 45 00:02:29,800 --> 00:02:33,760 Speaker 1: loss of freedom, and the loss of private property, not 46 00:02:33,840 --> 00:02:35,960 Speaker 1: just private property in a sense where they want to 47 00:02:36,000 --> 00:02:39,680 Speaker 1: take away our money, right, take away our assets. They 48 00:02:39,720 --> 00:02:43,240 Speaker 1: want to now tax are unrealized profits we haven't even 49 00:02:43,480 --> 00:02:46,320 Speaker 1: we haven't even realized. I mean, our private property is 50 00:02:46,440 --> 00:02:52,240 Speaker 1: one under attack, and not just our property, but at 51 00:02:52,280 --> 00:02:55,440 Speaker 1: the at the base of all private property rights is 52 00:02:55,919 --> 00:03:02,760 Speaker 1: individual private property rights, your own bodily autonomy. Without individual, 53 00:03:02,760 --> 00:03:06,560 Speaker 1: Without the individual, there's nothing right. So it starts as 54 00:03:06,600 --> 00:03:10,680 Speaker 1: an individual and individual rights, and then I would extend those. 55 00:03:10,680 --> 00:03:16,519 Speaker 1: And so today even our own individual body is under attack, right, 56 00:03:16,560 --> 00:03:20,160 Speaker 1: they're trying to take control of that, and so our 57 00:03:20,240 --> 00:03:24,400 Speaker 1: our our private see, our property is under attack on 58 00:03:24,480 --> 00:03:27,200 Speaker 1: every single level that we can see. And it's scary. 59 00:03:27,760 --> 00:03:29,519 Speaker 1: And I know a lot of people want to ignore that. 60 00:03:30,200 --> 00:03:32,200 Speaker 1: I don't want to pay attention, don't. I don't want to. 61 00:03:32,200 --> 00:03:33,600 Speaker 1: I don't want to hear about politics. I hear that 62 00:03:33,639 --> 00:03:35,360 Speaker 1: all the time, Like Mark, I listen to you for finance. 63 00:03:35,400 --> 00:03:37,640 Speaker 1: I don't want to hear politics, but listen, if you 64 00:03:37,640 --> 00:03:40,120 Speaker 1: don't understand the politics, you're not gonna understand the money 65 00:03:40,840 --> 00:03:46,120 Speaker 1: because it's political decisions. It's politice decisions that are driving this. 66 00:03:47,400 --> 00:03:49,640 Speaker 1: And I'm not gonna dig into politics deep today, So 67 00:03:49,680 --> 00:03:52,400 Speaker 1: don't worry about that. We're talking about bitcoin. We're talking 68 00:03:52,400 --> 00:03:57,320 Speaker 1: about the decentralized revolution. But but it does have something 69 00:03:57,360 --> 00:03:59,920 Speaker 1: to do with that, because we're witnessing a game being 70 00:04:00,080 --> 00:04:02,720 Speaker 1: played out on a global scale, on a global stage 71 00:04:03,320 --> 00:04:08,800 Speaker 1: right now with bitcoin that is going to drastically change 72 00:04:08,880 --> 00:04:13,720 Speaker 1: the entire way the map of the world is probably 73 00:04:13,800 --> 00:04:19,000 Speaker 1: drawn up. And I mean that. And it can be 74 00:04:19,040 --> 00:04:20,640 Speaker 1: a bad thing. It can be a scary thing because 75 00:04:20,640 --> 00:04:21,960 Speaker 1: what's going to happen, but it can also be a 76 00:04:21,960 --> 00:04:23,880 Speaker 1: good thing. And so I like to say that, you know, 77 00:04:24,000 --> 00:04:26,480 Speaker 1: an ostrich can choose to bury its head in the sand, 78 00:04:27,200 --> 00:04:31,200 Speaker 1: but it won't stop it from being eaten. So you 79 00:04:31,240 --> 00:04:34,520 Speaker 1: can choose. My favorite author, Iron Rand says, well, I 80 00:04:34,520 --> 00:04:36,320 Speaker 1: don't know she's my favorite, but one of one of 81 00:04:36,360 --> 00:04:39,200 Speaker 1: my favorite authors. She says that you can choose to 82 00:04:39,240 --> 00:04:44,120 Speaker 1: ignore reality, but you cannot ignore the consequences of reality, 83 00:04:44,120 --> 00:04:47,080 Speaker 1: and so that's kind of where we're at. And I think, 84 00:04:47,200 --> 00:04:50,640 Speaker 1: you know, as we see this volatility, we can choose 85 00:04:50,640 --> 00:04:51,880 Speaker 1: to take advantage of it. And of course that's why 86 00:04:51,920 --> 00:04:53,520 Speaker 1: I'm coming to you each and every week explained to 87 00:04:53,560 --> 00:04:58,000 Speaker 1: you how big this revolution is. And as the world 88 00:04:58,120 --> 00:05:00,080 Speaker 1: is getting scary and we're seeing our private property come 89 00:05:00,120 --> 00:05:03,560 Speaker 1: under attack, I think it's easy to see that everywhere 90 00:05:03,560 --> 00:05:06,719 Speaker 1: in the world at this point, we're seeing this very 91 00:05:06,760 --> 00:05:12,600 Speaker 1: actually rapid move to authoritarianism. Now, um, if you're in 92 00:05:12,640 --> 00:05:15,919 Speaker 1: Canada or Australia, listen to this, you're seeing it happen 93 00:05:16,160 --> 00:05:18,680 Speaker 1: really really fast. If you're in China, you've already seen 94 00:05:18,720 --> 00:05:20,960 Speaker 1: it happen. If you're in the United States, you're also 95 00:05:20,960 --> 00:05:23,080 Speaker 1: witnessing happening. But it seems maybe a little bit slower. 96 00:05:24,480 --> 00:05:26,400 Speaker 1: And we're getting to a point where technology is kind 97 00:05:26,400 --> 00:05:30,240 Speaker 1: of creating this, giving these authoritarians these tools that they 98 00:05:30,240 --> 00:05:34,360 Speaker 1: could have this permanent, um, you know, hold on us, 99 00:05:34,360 --> 00:05:36,880 Speaker 1: where they could prevent us from getting information we need 100 00:05:36,960 --> 00:05:41,239 Speaker 1: and communicating and and all these things. And so that's scary. 101 00:05:41,520 --> 00:05:43,680 Speaker 1: But I think the only thing that breaks that trend 102 00:05:43,760 --> 00:05:45,840 Speaker 1: towards with their attornism is not that they wake up 103 00:05:45,880 --> 00:05:49,440 Speaker 1: one day and say, shoot, we have too much control, 104 00:05:49,920 --> 00:05:52,240 Speaker 1: We have way too much power over people's lives. Why 105 00:05:52,240 --> 00:05:55,760 Speaker 1: don't we just give some freedom back to them. If 106 00:05:55,800 --> 00:05:58,839 Speaker 1: you think that's going to happen, well, then I don't know. 107 00:05:58,839 --> 00:06:00,200 Speaker 1: What do they say? I have a bridge to tell 108 00:06:00,200 --> 00:06:03,280 Speaker 1: you something like that. I don't think that's ever gonna happen. 109 00:06:03,880 --> 00:06:08,039 Speaker 1: I believe what changes this trend towards authoritarianism is actually 110 00:06:08,080 --> 00:06:13,760 Speaker 1: pretty simple. It's one thing. It's competition. You know that 111 00:06:13,800 --> 00:06:17,680 Speaker 1: when businesses compete for you, you're always going to get 112 00:06:17,720 --> 00:06:20,400 Speaker 1: better products, better service, and better prices. Right, if you 113 00:06:20,440 --> 00:06:23,279 Speaker 1: go to the d m V, it's the worst place. 114 00:06:23,320 --> 00:06:25,320 Speaker 1: It's the example. It's the example I give of the 115 00:06:25,360 --> 00:06:28,320 Speaker 1: worst business that you can go to. And why is 116 00:06:28,360 --> 00:06:29,880 Speaker 1: it the worst business that you can go to the 117 00:06:29,920 --> 00:06:32,240 Speaker 1: Department of Motor Vehicles or maybe called different in your state? 118 00:06:32,560 --> 00:06:34,920 Speaker 1: Why is it the worst place? Because there's no competition. 119 00:06:35,839 --> 00:06:38,360 Speaker 1: It's the only place you can go. Their employees never 120 00:06:38,360 --> 00:06:40,200 Speaker 1: get fired. They don't have to give you good product, 121 00:06:40,240 --> 00:06:43,640 Speaker 1: service or prices, and so they don't. Now, if you're 122 00:06:43,640 --> 00:06:45,120 Speaker 1: like me, if I can go to the Triple A, 123 00:06:45,160 --> 00:06:47,400 Speaker 1: I'm gonna go there every time, and so whatever I 124 00:06:47,440 --> 00:06:49,960 Speaker 1: can do, I'll go there because Triple A has competition 125 00:06:49,960 --> 00:06:51,719 Speaker 1: and they want my business and to compete for that. 126 00:06:53,279 --> 00:06:57,599 Speaker 1: And so if the world's trending towards authoritarianism totalitarianism, the 127 00:06:57,600 --> 00:06:59,120 Speaker 1: only thing that breaks it not is they want to 128 00:06:59,120 --> 00:07:01,320 Speaker 1: give it up, but they have their force to because 129 00:07:01,320 --> 00:07:03,840 Speaker 1: of competition. We've seen this in the United States. Both 130 00:07:03,880 --> 00:07:06,919 Speaker 1: California and New York were outcompeted by Texas and Florida, 131 00:07:07,200 --> 00:07:10,280 Speaker 1: and both governors found themselves on the chopping block. One survived, 132 00:07:10,320 --> 00:07:12,680 Speaker 1: one didn't. But we can see that plan now. But 133 00:07:12,720 --> 00:07:16,400 Speaker 1: what about when nations, when governments start competing for each other, 134 00:07:17,240 --> 00:07:21,600 Speaker 1: And that's exactly what's happening today, and bitcoin is causing 135 00:07:21,680 --> 00:07:27,160 Speaker 1: those nations to compete. There are the two superpowers, China 136 00:07:27,360 --> 00:07:30,440 Speaker 1: and the United States, probably the two of the biggest 137 00:07:30,440 --> 00:07:34,360 Speaker 1: global superpowers today, and they both have two very different 138 00:07:34,360 --> 00:07:38,640 Speaker 1: tales of bitcoin. And then we have smaller countries jumping 139 00:07:38,680 --> 00:07:43,120 Speaker 1: in with bitcoin that I think are setting themselves up. Well, 140 00:07:43,600 --> 00:07:47,600 Speaker 1: they're they're currently out competing the superpowers, and I believe 141 00:07:47,680 --> 00:07:50,880 Speaker 1: that these they're out competing is going to set themselves 142 00:07:50,920 --> 00:07:54,880 Speaker 1: up to have a massive advantage in the future. And 143 00:07:54,920 --> 00:07:57,560 Speaker 1: it's interesting. You know, Um, if we if we were 144 00:07:57,560 --> 00:07:59,800 Speaker 1: watching like a movie about the future, right when you 145 00:07:59,800 --> 00:08:02,760 Speaker 1: go back in time, don't dont don't touch that thing, 146 00:08:02,800 --> 00:08:05,160 Speaker 1: don't touch that thing. Want one small change in the 147 00:08:05,200 --> 00:08:08,880 Speaker 1: past could drastically change the future, right, And so thinking 148 00:08:08,880 --> 00:08:11,520 Speaker 1: about those those things, then you can also understand that 149 00:08:11,600 --> 00:08:15,480 Speaker 1: one little change today could have massive changes in implications 150 00:08:15,480 --> 00:08:17,320 Speaker 1: in the future. And that's exactly what we're talking about. 151 00:08:18,280 --> 00:08:22,160 Speaker 1: China on the rise wanted to be the superpower. I 152 00:08:22,200 --> 00:08:26,040 Speaker 1: think made what I'm calling their second fatal mistake, China's 153 00:08:26,120 --> 00:08:30,480 Speaker 1: second fatal mistake. I think that fatal mistake was could 154 00:08:30,480 --> 00:08:35,280 Speaker 1: be potentially could be the United States big break if 155 00:08:35,320 --> 00:08:38,600 Speaker 1: they want to take it. Um, it's a little bit 156 00:08:38,640 --> 00:08:40,480 Speaker 1: up in the air whether the United States will capitalize 157 00:08:40,480 --> 00:08:43,640 Speaker 1: on the China's mistake or not. It's looking like they will, 158 00:08:43,760 --> 00:08:47,160 Speaker 1: but it's also looking like our leadership might not want to. 159 00:08:47,640 --> 00:08:51,000 Speaker 1: And then we have the smaller countries and mostly Central 160 00:08:51,040 --> 00:08:54,080 Speaker 1: America that have jumped on this. And I'm talking about 161 00:08:54,080 --> 00:08:56,120 Speaker 1: El Salvador. I mean, this is big, and so I 162 00:08:56,160 --> 00:08:58,800 Speaker 1: want to explain what happened with El Salvador just this week. 163 00:08:59,640 --> 00:09:02,200 Speaker 1: Now you probably know they made bitcoin legal tender a 164 00:09:02,200 --> 00:09:05,840 Speaker 1: couple of months ago, last month actually, but even more 165 00:09:05,840 --> 00:09:07,600 Speaker 1: stuff has been happening over last week. And I think 166 00:09:07,720 --> 00:09:10,240 Speaker 1: understanding the tale of these three countries helps us understand 167 00:09:11,240 --> 00:09:14,120 Speaker 1: what the geopolitical picture looks like in the world. And 168 00:09:14,120 --> 00:09:15,800 Speaker 1: it's important for you to understand because I think this 169 00:09:15,840 --> 00:09:17,640 Speaker 1: is what breaks the grip of this or this trend, 170 00:09:17,679 --> 00:09:19,400 Speaker 1: I should say. So, I want to talk to you 171 00:09:19,400 --> 00:09:22,040 Speaker 1: what China's second fatal mistake was. When I come back. 172 00:09:22,080 --> 00:09:24,360 Speaker 1: You're listening to the Mark mass Show talking about bitcoin, 173 00:09:24,400 --> 00:09:28,040 Speaker 1: cryptocurrencies and the decentralized revolution, bringing you the information that 174 00:09:28,080 --> 00:09:30,680 Speaker 1: you need to benefit from it. I'll be right back, 175 00:09:31,000 --> 00:09:33,320 Speaker 1: all right, welcome back. You are listening to the Mark 176 00:09:33,400 --> 00:09:37,640 Speaker 1: ma Show, and I'm just sitting here, you know, bringing 177 00:09:37,640 --> 00:09:41,440 Speaker 1: you the latest information on bitcoin, cryptocurrencies and whatnot. You know, 178 00:09:41,600 --> 00:09:44,360 Speaker 1: nothing exciting, uh, you know, except unless you decide to 179 00:09:44,360 --> 00:09:47,400 Speaker 1: take advantage of this information and change your life. Because 180 00:09:47,400 --> 00:09:51,559 Speaker 1: that's exactly how big this opportunity is. So if you're 181 00:09:51,559 --> 00:09:53,160 Speaker 1: listening to me on the radio right now, pull out 182 00:09:53,160 --> 00:09:56,240 Speaker 1: your phone, set a calendar reminder, and make sure to 183 00:09:56,280 --> 00:09:58,440 Speaker 1: tune in with me eating every week because it's going 184 00:09:58,480 --> 00:10:02,200 Speaker 1: to be the most profitable time of your week, listening 185 00:10:02,200 --> 00:10:03,600 Speaker 1: to me with me, hanging me, hanging out with me. 186 00:10:03,720 --> 00:10:06,120 Speaker 1: If you're listening, by the way, I would love it 187 00:10:06,160 --> 00:10:07,840 Speaker 1: if you would. Also, while you have your phone out, 188 00:10:08,120 --> 00:10:11,920 Speaker 1: open up Twitter, open up Instagram. Find me one Mark Moss. 189 00:10:11,960 --> 00:10:13,800 Speaker 1: That's right, one Mark Moss. That's just the number, one 190 00:10:13,880 --> 00:10:16,480 Speaker 1: Mark Moss. Send me a message, tell me you heard 191 00:10:16,520 --> 00:10:19,880 Speaker 1: me on the radio. And uh, at least tell me 192 00:10:19,920 --> 00:10:21,960 Speaker 1: you heard me. And then if you can give me 193 00:10:22,000 --> 00:10:25,040 Speaker 1: a follow, and even better at me send me a questions. 194 00:10:25,040 --> 00:10:26,360 Speaker 1: I mean, send me a message. Love to hear it. 195 00:10:26,840 --> 00:10:29,840 Speaker 1: But I was talking about, um, the Tale of three countries, 196 00:10:30,559 --> 00:10:32,680 Speaker 1: and how all these changes that they've been doing lately 197 00:10:32,840 --> 00:10:36,599 Speaker 1: could have massive global implications. They already are, but I 198 00:10:36,640 --> 00:10:38,480 Speaker 1: think it's gonna be much much bigger in the future. 199 00:10:38,840 --> 00:10:40,480 Speaker 1: And so I was talking about China being the superpower. 200 00:10:40,480 --> 00:10:42,800 Speaker 1: I'm talking about the United States, UM, and I'm talking 201 00:10:42,800 --> 00:10:46,600 Speaker 1: about al Salvador. So UM jump into China real quickly, UM. China. 202 00:10:46,640 --> 00:10:50,440 Speaker 1: Second fatal mistake. To understand the second fatal mistake undered 203 00:10:50,440 --> 00:10:52,400 Speaker 1: in the first fatal mistake. And so what I do 204 00:10:52,440 --> 00:10:55,400 Speaker 1: is I go back about about a hundred and fifty 205 00:10:55,480 --> 00:10:59,000 Speaker 1: years ago, sooner years ago, the entire world if years 206 00:10:59,000 --> 00:11:02,680 Speaker 1: ago was moving towards words a gold standard. So to 207 00:11:02,840 --> 00:11:05,679 Speaker 1: understand bitcoin and understand goal, you have to understand what 208 00:11:05,800 --> 00:11:08,720 Speaker 1: is money. So money is something that's used as like 209 00:11:08,760 --> 00:11:12,160 Speaker 1: a medium of exchange. It communicates value. So I have 210 00:11:12,480 --> 00:11:14,520 Speaker 1: something of value, You have something of value. We want 211 00:11:14,600 --> 00:11:17,800 Speaker 1: to exchange. I have a cow, you have a goat. Well, 212 00:11:18,200 --> 00:11:20,440 Speaker 1: in a barter system, you may not want my cow 213 00:11:20,600 --> 00:11:23,200 Speaker 1: or my goat. So shoot, what do we do? Then? Well, 214 00:11:23,640 --> 00:11:26,719 Speaker 1: I could Okay, you don't want my cow. M how 215 00:11:26,760 --> 00:11:31,080 Speaker 1: about would you take my um plow? Would you take 216 00:11:31,120 --> 00:11:34,320 Speaker 1: my um whatever? Right, so I'll trade you something else. Okay, 217 00:11:34,360 --> 00:11:36,679 Speaker 1: you'll take my plow. Great, Okay, I'll trade you the plow, 218 00:11:36,760 --> 00:11:38,839 Speaker 1: and then um you can take that plow and go 219 00:11:38,920 --> 00:11:41,040 Speaker 1: trade for something else. Right. And so we start using 220 00:11:41,040 --> 00:11:43,520 Speaker 1: different things to the bart system, and eventually we have 221 00:11:43,920 --> 00:11:47,280 Speaker 1: certain things that seem to kind of be universally needed. 222 00:11:48,040 --> 00:11:51,720 Speaker 1: And then eventually the market converges onto one thing that's 223 00:11:51,760 --> 00:11:53,880 Speaker 1: the best medium of exchange. And that's exactly what happened 224 00:11:53,920 --> 00:11:56,199 Speaker 1: with gold. And gold has a bunch of money and 225 00:11:56,480 --> 00:11:58,760 Speaker 1: properties of money that make it the best form of money. 226 00:11:58,960 --> 00:12:02,800 Speaker 1: Um it's scarcity being one of them, divisible, portable, durable, 227 00:12:03,880 --> 00:12:06,600 Speaker 1: I'm gonna and many others. And so the whole world 228 00:12:06,640 --> 00:12:09,560 Speaker 1: was moving towards a gold a gold standard. Now, the 229 00:12:09,600 --> 00:12:12,920 Speaker 1: thing with the with money is that as I said that, 230 00:12:13,000 --> 00:12:15,440 Speaker 1: the market will choose which one is the best, and 231 00:12:15,480 --> 00:12:18,640 Speaker 1: they chose gold. And so as nations were switching over 232 00:12:18,679 --> 00:12:23,959 Speaker 1: to use the gold standard, China didn't want to. China 233 00:12:24,280 --> 00:12:27,000 Speaker 1: wanted to stay on the silver standard. They thought silver 234 00:12:27,120 --> 00:12:29,719 Speaker 1: was better. And so this is an important lesson for 235 00:12:29,760 --> 00:12:34,400 Speaker 1: everybody that's listening right now for two reasons. One well, mainly, 236 00:12:34,559 --> 00:12:39,080 Speaker 1: I guess what you choose to store your wealth and matters, 237 00:12:39,800 --> 00:12:42,800 Speaker 1: and it matters a lot, all right, And so when 238 00:12:42,840 --> 00:12:45,560 Speaker 1: you understand China, you understand it's better. And so for 239 00:12:45,600 --> 00:12:48,640 Speaker 1: everybody thinking that, uh, I don't need to hold the 240 00:12:48,640 --> 00:12:50,920 Speaker 1: best form of money, Oh I don't. I don't think 241 00:12:50,920 --> 00:12:53,880 Speaker 1: bitcoin is the best. I'm gonna hold shebu Inhu instead, 242 00:12:54,000 --> 00:12:56,640 Speaker 1: or I'm gonna hold dodge whatever it's gonna be. I'm 243 00:12:56,640 --> 00:12:59,640 Speaker 1: gonna hold silver, I'm gonna hold dollars. Whatever you're gonna hold. 244 00:13:00,040 --> 00:13:01,800 Speaker 1: You have the right, you have obviously the right to 245 00:13:01,840 --> 00:13:04,640 Speaker 1: hold whatever you want as your store of value. But 246 00:13:04,880 --> 00:13:08,000 Speaker 1: what you choose will matter. So China didn't want to 247 00:13:08,000 --> 00:13:10,520 Speaker 1: go to gold. They had a ton of silver, soiver 248 00:13:10,760 --> 00:13:13,360 Speaker 1: had been money for millennium. So no, we're not gonna 249 00:13:13,400 --> 00:13:14,920 Speaker 1: go to We're not gonna go to go, We're gonna 250 00:13:14,920 --> 00:13:17,559 Speaker 1: We're gonna hang on to solver. Well didn't work out 251 00:13:17,559 --> 00:13:19,400 Speaker 1: too well for China. As a matter of fact, they 252 00:13:19,480 --> 00:13:22,680 Speaker 1: lost big. Silver got devalued. Gold took off in value 253 00:13:22,679 --> 00:13:26,800 Speaker 1: because everyone adopted it, and China lost their place in 254 00:13:26,880 --> 00:13:30,079 Speaker 1: the global order. They lost their places as a superpower, 255 00:13:31,480 --> 00:13:33,400 Speaker 1: and so they tried to hang onto it, and they 256 00:13:33,520 --> 00:13:34,920 Speaker 1: kind of went to the Opian Wars in the early 257 00:13:35,000 --> 00:13:37,240 Speaker 1: nine hundreds, about a hundred years ago, they gave up. 258 00:13:37,240 --> 00:13:39,720 Speaker 1: All right, fine, alright, fine whatever, throw in the towel. 259 00:13:40,480 --> 00:13:43,439 Speaker 1: We'll we'll go to gold. Fine, we capitulate. Well, that 260 00:13:43,520 --> 00:13:45,360 Speaker 1: was their first fatal mistake, right, If they would have 261 00:13:45,360 --> 00:13:48,040 Speaker 1: switched over to gold early on, they could have maintained 262 00:13:48,080 --> 00:13:50,240 Speaker 1: their position in the world. But they didn't, so that 263 00:13:50,280 --> 00:13:53,000 Speaker 1: was their first fatal mistake. They finally capitulated in the 264 00:13:53,040 --> 00:13:55,000 Speaker 1: early nineteen hundreds. They went over the gold standard. It 265 00:13:55,040 --> 00:13:57,360 Speaker 1: was too late. The world had passed them by, and 266 00:13:57,440 --> 00:13:59,240 Speaker 1: they were no longer on the world stage in the 267 00:13:59,280 --> 00:14:03,400 Speaker 1: superpower room. Well, for the last hundred years they've been 268 00:14:03,440 --> 00:14:07,440 Speaker 1: trying to accumulate gold. Okay, fine, we learned from our mistakes. 269 00:14:07,480 --> 00:14:09,760 Speaker 1: As China, we learned from our mistakes. We're gonna now 270 00:14:09,800 --> 00:14:11,400 Speaker 1: move to the gold standards. We're gonna everything we can 271 00:14:11,440 --> 00:14:13,640 Speaker 1: to accumulate goal. As a matter of fact, they have 272 00:14:13,760 --> 00:14:16,880 Speaker 1: been the largest accumulators of gold in the world. So 273 00:14:17,000 --> 00:14:19,880 Speaker 1: China does two things. One um, they are the largest 274 00:14:19,920 --> 00:14:22,000 Speaker 1: importer of gold. They're buying gold from anywhere in the 275 00:14:22,000 --> 00:14:25,000 Speaker 1: world they can get it. They're buying it, they're accumulating it. Um. 276 00:14:25,080 --> 00:14:26,560 Speaker 1: The other thing they're doing is they do have a 277 00:14:26,560 --> 00:14:28,200 Speaker 1: lot of gold in China. So they're allowing people to 278 00:14:28,240 --> 00:14:31,160 Speaker 1: come mind gold in China. Hey, everyone, come one, come all, 279 00:14:31,160 --> 00:14:35,000 Speaker 1: come mine bitcoin. I'm sorry, comebine gold in China. The 280 00:14:35,000 --> 00:14:37,920 Speaker 1: thing is, if you go mine um gold in China, 281 00:14:38,200 --> 00:14:40,680 Speaker 1: you're not allowed to send the gold out of the country. 282 00:14:40,880 --> 00:14:42,880 Speaker 1: You can mind the gold, but it has to be 283 00:14:42,960 --> 00:14:47,400 Speaker 1: sold to China. And so um China has become the 284 00:14:47,480 --> 00:14:52,440 Speaker 1: largest holder of gold in the world, many times larger UM. 285 00:14:52,480 --> 00:14:54,240 Speaker 1: I don't know if the Federal Reserve of the United 286 00:14:54,280 --> 00:14:57,400 Speaker 1: States actually has any gold anymore. UM, I kind of 287 00:14:57,440 --> 00:15:00,440 Speaker 1: doubt that they do. However, they report I think about 288 00:15:00,440 --> 00:15:03,840 Speaker 1: eight or nine thousand tons of gold reports of China, 289 00:15:03,880 --> 00:15:05,600 Speaker 1: which of course they don't tell us anything. They keep 290 00:15:05,600 --> 00:15:07,720 Speaker 1: all their records private. But based off of all the 291 00:15:07,720 --> 00:15:09,960 Speaker 1: reports that we can find, based off of mining reports 292 00:15:09,960 --> 00:15:12,560 Speaker 1: and importing reports and whatnot, it is estimated that that 293 00:15:12,680 --> 00:15:16,160 Speaker 1: China sitting on about thirty thousand tons of gold, which 294 00:15:16,200 --> 00:15:18,960 Speaker 1: is many times more than potentially what the United States 295 00:15:19,080 --> 00:15:23,000 Speaker 1: might possibly be holding. So a hundred years China has 296 00:15:23,000 --> 00:15:25,600 Speaker 1: been trying to recover from their fatal mistake and they've 297 00:15:25,640 --> 00:15:28,520 Speaker 1: become the largest gold holder in the world. Well, China 298 00:15:28,640 --> 00:15:32,800 Speaker 1: was also the largest bitcoin miner in the world. A 299 00:15:32,840 --> 00:15:35,600 Speaker 1: lot of people have said, oh, bitcoin is to centralize. 300 00:15:35,680 --> 00:15:38,440 Speaker 1: China holds, you know, over half of the mining power, 301 00:15:38,480 --> 00:15:40,880 Speaker 1: they could attack the network whenever they wanted, and blah 302 00:15:40,880 --> 00:15:43,880 Speaker 1: blah blah, and and the truth was, yeah, China did 303 00:15:43,920 --> 00:15:47,880 Speaker 1: have sixty of the bitcoin mining power. It was starting 304 00:15:47,920 --> 00:15:50,280 Speaker 1: to go down, fifty of the mining power, etcetera. They 305 00:15:50,280 --> 00:15:52,800 Speaker 1: did have that, and they could have done just like gold, 306 00:15:52,840 --> 00:15:56,360 Speaker 1: where they said, hey, um, any any bitcoin that you 307 00:15:56,400 --> 00:15:59,160 Speaker 1: mine in China? Gets sold to us, you can't take 308 00:15:59,160 --> 00:16:00,280 Speaker 1: it out of the country. They could done it, and 309 00:16:00,280 --> 00:16:02,280 Speaker 1: they could have become the largest They could have controlled 310 00:16:02,280 --> 00:16:05,120 Speaker 1: the bitcoin network. The miners don't control the network, but 311 00:16:05,160 --> 00:16:07,720 Speaker 1: they could have become a big holder of bitcoin, like 312 00:16:07,720 --> 00:16:09,600 Speaker 1: they're a big holder of gold. So just like holding 313 00:16:09,640 --> 00:16:11,600 Speaker 1: a bunch of gold doesn't mean you control the gold supply, 314 00:16:11,720 --> 00:16:13,080 Speaker 1: holding a munch a bitcoin does the mean you control 315 00:16:13,080 --> 00:16:15,720 Speaker 1: the bitcoin supply either. But just like they accumulated the 316 00:16:15,720 --> 00:16:18,480 Speaker 1: most gold um, they could have also accumulated the most bitcoin, 317 00:16:19,120 --> 00:16:23,400 Speaker 1: but they didn't. In May of this year, they decided 318 00:16:23,440 --> 00:16:25,440 Speaker 1: to ban all bitcoin mineing and they kicked all the 319 00:16:25,480 --> 00:16:29,280 Speaker 1: bitcoin miners out of their country. So they had the edge, 320 00:16:29,320 --> 00:16:32,600 Speaker 1: they had the lead, and they decided by themselves to 321 00:16:32,640 --> 00:16:34,280 Speaker 1: get rid of it shoot themselves in the foot. And 322 00:16:34,320 --> 00:16:37,640 Speaker 1: I am calling that the second fatal mistake. They've spent 323 00:16:37,680 --> 00:16:40,000 Speaker 1: a hundred years trying to recover from their silver mistake, 324 00:16:40,040 --> 00:16:43,080 Speaker 1: and they finally accumulated enough gold to win. But guess what, 325 00:16:43,160 --> 00:16:46,360 Speaker 1: the whole worlds, the whole world switching from golden The 326 00:16:46,360 --> 00:16:49,560 Speaker 1: whole world doesn't want gold anymore. JP Morgan City Bank 327 00:16:49,600 --> 00:16:51,320 Speaker 1: both put out guidance. They said that they believed that 328 00:16:51,480 --> 00:16:57,440 Speaker 1: bitcoin will overtake gold, that's the new race. But China, Nope, nope, nope, 329 00:16:57,440 --> 00:17:00,000 Speaker 1: We're gonna when the whole world going to a bitcoin stand, 330 00:17:00,440 --> 00:17:04,160 Speaker 1: China is gonna hang onto gold. Sound familiar, right, their 331 00:17:04,200 --> 00:17:07,800 Speaker 1: second fatal mistake. But it's been a big beneficiary for 332 00:17:07,880 --> 00:17:10,600 Speaker 1: some other countries, include the United States. So most of 333 00:17:10,640 --> 00:17:14,000 Speaker 1: those miners that left China found their way to both 334 00:17:14,280 --> 00:17:18,040 Speaker 1: Eastern Europe like Kazakhstan, and into the United States, into 335 00:17:18,119 --> 00:17:21,000 Speaker 1: Texas because of course Texas has massive amounts of cheap 336 00:17:21,040 --> 00:17:24,520 Speaker 1: amount of energy. And the United States is now the 337 00:17:24,640 --> 00:17:28,720 Speaker 1: largest center for bitcoin mining in the world, which is amazing. 338 00:17:28,800 --> 00:17:31,400 Speaker 1: It's also good for bitcoin because it's become more decentralized. 339 00:17:31,440 --> 00:17:33,359 Speaker 1: So even though the United States is the largest bitcoin 340 00:17:33,440 --> 00:17:36,080 Speaker 1: mining country in the world, it actually only has I 341 00:17:36,119 --> 00:17:37,959 Speaker 1: think a little bit more than about a third of 342 00:17:38,000 --> 00:17:40,560 Speaker 1: the bitcoin mining power, so we're China had over half, 343 00:17:41,000 --> 00:17:43,520 Speaker 1: the US has about a third, but it's still the 344 00:17:43,520 --> 00:17:47,480 Speaker 1: biggest country beneficiary, which is great. But I still don't 345 00:17:47,520 --> 00:17:49,280 Speaker 1: know if the United States is going to benefit from this, 346 00:17:49,480 --> 00:17:52,920 Speaker 1: and I think some smaller countries like El Savador are 347 00:17:53,000 --> 00:17:56,120 Speaker 1: actually showing us the way and are going to reset 348 00:17:56,160 --> 00:17:59,719 Speaker 1: the stage in this global arbitrage, this game of global 349 00:17:59,800 --> 00:18:02,000 Speaker 1: che us. If you will, you're listening to the Mark 350 00:18:02,080 --> 00:18:04,560 Speaker 1: mo Show talking about bitcoin, talking about cryptocurrency, is talking 351 00:18:04,560 --> 00:18:07,639 Speaker 1: about the decentralized revolution, and we're talking about the way 352 00:18:07,720 --> 00:18:10,359 Speaker 1: the world is going to get reshaped. This is gonna 353 00:18:10,359 --> 00:18:13,040 Speaker 1: be big. I'll be right back, all right, welcome back. 354 00:18:13,119 --> 00:18:14,959 Speaker 1: You are listening to the markma Show, and we are 355 00:18:15,000 --> 00:18:19,439 Speaker 1: talking about bitcoin and cryptocurrencies and the decentralized revolution that 356 00:18:19,520 --> 00:18:24,480 Speaker 1: we are witnessing, and we're talking about how the global stage, 357 00:18:24,600 --> 00:18:28,119 Speaker 1: the geopolitical stage, is being changed. If you're just joining in, 358 00:18:28,200 --> 00:18:31,600 Speaker 1: you've missed a lot, so don't miss again. Pull up 359 00:18:31,600 --> 00:18:33,000 Speaker 1: your phone and put a reminder. Make sure to join 360 00:18:33,000 --> 00:18:34,840 Speaker 1: me on this channel this time each and every week. 361 00:18:34,840 --> 00:18:37,959 Speaker 1: It's gonna be the most important, most profitable time of 362 00:18:37,960 --> 00:18:40,800 Speaker 1: your week. I'd like to say I can guarantee you that, 363 00:18:40,840 --> 00:18:44,600 Speaker 1: but um you know, knowledge is power only if it's actionable, 364 00:18:44,680 --> 00:18:46,880 Speaker 1: so you gotta take action on it, otherwise it could 365 00:18:46,880 --> 00:18:50,960 Speaker 1: be useless. But um, I talked about how UM China 366 00:18:51,080 --> 00:18:52,639 Speaker 1: to tell the story of China. We talked about how 367 00:18:52,640 --> 00:18:55,760 Speaker 1: they made the fatal mistake getting rid of bitcoin mining um, 368 00:18:55,800 --> 00:18:57,680 Speaker 1: and I'm talking about how the United States has become 369 00:18:57,680 --> 00:19:00,640 Speaker 1: the big beneficiary of this. UM. They have now become 370 00:19:00,680 --> 00:19:03,280 Speaker 1: the number one bitcoin mining country in the world, which 371 00:19:03,280 --> 00:19:05,320 Speaker 1: is great. It's also great for the bitcoin network because 372 00:19:05,359 --> 00:19:08,080 Speaker 1: it's become more decentralized. UM. We're China had over fift 373 00:19:08,480 --> 00:19:11,240 Speaker 1: the bitcoin mining power. Now we see in the United 374 00:19:11,280 --> 00:19:14,119 Speaker 1: States only holds even though it's the biggest in the world, 375 00:19:14,119 --> 00:19:16,960 Speaker 1: it only holds about so it's become much more decentralized, 376 00:19:16,960 --> 00:19:22,000 Speaker 1: which is really good. I'm not quite sure where the 377 00:19:22,080 --> 00:19:26,600 Speaker 1: United States is going to go with this though, I think, UM, 378 00:19:26,640 --> 00:19:28,520 Speaker 1: at this point, I've talked about a lot. I'm not 379 00:19:28,520 --> 00:19:31,160 Speaker 1: gonna dig into super deep here. I think at this point, UM, 380 00:19:31,160 --> 00:19:34,200 Speaker 1: the United States will not it's not going to make 381 00:19:34,240 --> 00:19:36,160 Speaker 1: bitcoin illegal. It's not gonna do it. I mean, we've 382 00:19:36,160 --> 00:19:38,200 Speaker 1: been told that the head of the SEC, Gary Ginsler, 383 00:19:38,240 --> 00:19:41,359 Speaker 1: said that the head of the Federal Reserved m Jerome 384 00:19:41,400 --> 00:19:43,840 Speaker 1: pal said that they will not make it illegal. We 385 00:19:43,880 --> 00:19:49,840 Speaker 1: have banks now uh US Bank, JP, Morgan Goldman, Sachs 386 00:19:49,880 --> 00:19:52,440 Speaker 1: All holding bitcoin. We have fifty million Americans poin bitcoin. 387 00:19:52,480 --> 00:19:55,399 Speaker 1: We have an e t F now AHF with billions 388 00:19:55,440 --> 00:19:58,200 Speaker 1: of dollars holding bitcoin. Um, this is not gonna happen 389 00:19:58,200 --> 00:20:00,359 Speaker 1: at this point. UM, so that that that ship sale. 390 00:20:01,240 --> 00:20:03,920 Speaker 1: But the one thing that bothers me is that on 391 00:20:04,040 --> 00:20:06,439 Speaker 1: the United States is in a very dangerous path to 392 00:20:07,000 --> 00:20:12,679 Speaker 1: eliminate our energy sources, a very very very scary and 393 00:20:12,800 --> 00:20:16,520 Speaker 1: dangerous path. I'm not gonna go super deep into that, UM, 394 00:20:16,560 --> 00:20:18,119 Speaker 1: if you're if you're interested to know more about the 395 00:20:18,200 --> 00:20:21,159 Speaker 1: energy crisis that's actually plaguing the world right now this 396 00:20:21,400 --> 00:20:24,960 Speaker 1: very second, all throughout Europe and the United States, which 397 00:20:25,000 --> 00:20:27,119 Speaker 1: is going to lead to all kinds of shortages, include 398 00:20:27,119 --> 00:20:31,159 Speaker 1: food shortages. It's happening in China, everywhere. UM. I have 399 00:20:31,200 --> 00:20:33,280 Speaker 1: a whole like thirty minute video on this on my 400 00:20:33,320 --> 00:20:35,960 Speaker 1: YouTube channel is Mark Moss, where I have the charts 401 00:20:35,960 --> 00:20:37,520 Speaker 1: and graphs and stuff stuff I can't really show you 402 00:20:37,560 --> 00:20:40,720 Speaker 1: on the radio here. But just the United States in 403 00:20:40,720 --> 00:20:44,560 Speaker 1: this dangerous path to um get rid of their energy. 404 00:20:44,640 --> 00:20:46,359 Speaker 1: And you know when Biden took off of some of 405 00:20:46,359 --> 00:20:48,680 Speaker 1: the first things that he did was just shut down 406 00:20:48,760 --> 00:20:52,480 Speaker 1: oil pipeline, shutdown new drillings, shutdown all this stuff. And 407 00:20:52,520 --> 00:20:55,200 Speaker 1: the United States has become a big beneficiary of bitcoin 408 00:20:55,280 --> 00:20:58,080 Speaker 1: mining because of the energy that we have mostly in Texas, 409 00:20:59,600 --> 00:21:01,960 Speaker 1: and so um, what's become a big opportunity. You know, 410 00:21:02,000 --> 00:21:04,520 Speaker 1: we have to see will they continue to foster it. Now. 411 00:21:04,680 --> 00:21:13,080 Speaker 1: I think bitcoin is American as apple pie. Bitcoin represents choice, 412 00:21:13,240 --> 00:21:18,080 Speaker 1: it represents freedom, it represents sovereignty, it represents individualism, it 413 00:21:18,160 --> 00:21:22,240 Speaker 1: represents America through and through, and I hope that America 414 00:21:22,359 --> 00:21:24,639 Speaker 1: will will welcome it with open arms. UM. In the 415 00:21:24,760 --> 00:21:27,800 Speaker 1: last two weeks we saw UM there was actually a 416 00:21:27,800 --> 00:21:31,840 Speaker 1: big bitcoin mining meetings down in Texas. We saw some 417 00:21:31,920 --> 00:21:35,160 Speaker 1: of the politicians, including Ted Cruz down there talking about 418 00:21:35,160 --> 00:21:37,280 Speaker 1: how they want to make UM Texas, you know, the 419 00:21:37,280 --> 00:21:39,879 Speaker 1: bitcoin capital, and so it's going in the right direction. 420 00:21:39,920 --> 00:21:42,040 Speaker 1: And I hope, I hope that, you know, the Nited 421 00:21:42,040 --> 00:21:44,680 Speaker 1: States will continue to embrace that. But then on the 422 00:21:44,720 --> 00:21:47,120 Speaker 1: flip side, we have a small country like El Savador 423 00:21:47,760 --> 00:21:50,640 Speaker 1: and uh, you're probably aware by now that El Salvador 424 00:21:50,680 --> 00:21:55,679 Speaker 1: made bitcoin legal tender back in September. And you know, 425 00:21:55,800 --> 00:21:59,199 Speaker 1: El Savador uses the dollar, the United States dollar, and 426 00:21:59,280 --> 00:22:00,960 Speaker 1: what happens is the Nie States dollar. You know, we're 427 00:22:00,960 --> 00:22:02,880 Speaker 1: in the United States were having massive inflation. We're seeing 428 00:22:02,880 --> 00:22:06,200 Speaker 1: prices going up like crazy everywhere. Gas lines up, lumber 429 00:22:06,200 --> 00:22:10,040 Speaker 1: went up, New homes are up, use cars were up. 430 00:22:10,680 --> 00:22:12,520 Speaker 1: I mean, our prices are going up like crazy, steaks 431 00:22:12,600 --> 00:22:15,600 Speaker 1: up double UM. But if you think that's bad, you 432 00:22:15,640 --> 00:22:17,840 Speaker 1: should see what happens in other countries. Right The United 433 00:22:17,880 --> 00:22:20,520 Speaker 1: States ship because we because we have the reserve currency here, 434 00:22:20,560 --> 00:22:23,480 Speaker 1: we ship the inflation offshore. And the other countries are 435 00:22:23,520 --> 00:22:27,320 Speaker 1: really really impacted by this. And so a country like 436 00:22:27,359 --> 00:22:29,960 Speaker 1: Al Salvador, you know, they're stuck. They're stuck dealing with 437 00:22:30,000 --> 00:22:32,000 Speaker 1: the inflation and stuck on the ost dollar. But the 438 00:22:32,040 --> 00:22:35,000 Speaker 1: other problem is that UM. Most other countries, they deal 439 00:22:35,000 --> 00:22:36,879 Speaker 1: with a lot of remittances, and so people leave and 440 00:22:36,960 --> 00:22:38,400 Speaker 1: leave and go to abroad and they send money home 441 00:22:38,760 --> 00:22:41,240 Speaker 1: and that's very slow and very expensive, very time consuming. 442 00:22:41,440 --> 00:22:43,800 Speaker 1: I'm not gonna go into all the details of that UM, 443 00:22:43,840 --> 00:22:46,840 Speaker 1: but UM bitcoin has changed all of that for them, 444 00:22:46,840 --> 00:22:48,639 Speaker 1: and so they're embracing it. Millions of people now are 445 00:22:48,720 --> 00:22:50,960 Speaker 1: using it to have money sent to them from overseas 446 00:22:51,200 --> 00:22:54,440 Speaker 1: instantaneous and free, directly from their house, without having to 447 00:22:54,440 --> 00:22:56,320 Speaker 1: gotten a bus and right five hours to get the 448 00:22:56,320 --> 00:22:59,520 Speaker 1: money UM and so so Al Salvagre has really been 449 00:22:59,520 --> 00:23:01,320 Speaker 1: embracing this. And there's a couple of things that have happened. 450 00:23:01,359 --> 00:23:04,520 Speaker 1: So one like I said, that happened about a month ago, um, 451 00:23:04,520 --> 00:23:08,320 Speaker 1: September seven, and um El Salvador Baugh, I think they 452 00:23:08,320 --> 00:23:12,200 Speaker 1: said four hundred bitcoin and two separate purchases. And then 453 00:23:12,200 --> 00:23:14,040 Speaker 1: what they did is they sent that bitcoin out to 454 00:23:14,080 --> 00:23:16,480 Speaker 1: all their people. So if you downloaded the bitcoin app 455 00:23:16,640 --> 00:23:18,200 Speaker 1: and you live in El Salvador, you're gonna get thirty 456 00:23:18,200 --> 00:23:21,119 Speaker 1: dollars in bitcoin. And that was cool. Um since that time, 457 00:23:21,160 --> 00:23:24,720 Speaker 1: I think at that time September seven, the price of 458 00:23:24,760 --> 00:23:31,080 Speaker 1: bitcoin was around I don't know, fifty thousand dollars, ish 459 00:23:31,480 --> 00:23:36,080 Speaker 1: at fifty dollars. So if those people held onto their bitcoin, 460 00:23:36,200 --> 00:23:38,480 Speaker 1: they've done pretty good for themselves. They've they've come up 461 00:23:38,480 --> 00:23:41,680 Speaker 1: pretty well, and the government itself has come up pretty well. 462 00:23:42,600 --> 00:23:46,199 Speaker 1: And so that that's really big news. But but the 463 00:23:46,400 --> 00:23:49,840 Speaker 1: El Salvador continues to dig into this, being the first 464 00:23:49,880 --> 00:23:52,160 Speaker 1: country to put it on their balance sheet, to actually 465 00:23:52,200 --> 00:23:56,400 Speaker 1: hold their reserves in bitcoin. Um, they've seen their their 466 00:23:56,440 --> 00:23:58,840 Speaker 1: reserves go up in value. Now the United States reserves 467 00:23:58,880 --> 00:24:00,959 Speaker 1: go down. Well, when we don't have any reserves, all 468 00:24:00,960 --> 00:24:03,359 Speaker 1: we do is live off debt, right, the United States 469 00:24:03,400 --> 00:24:05,400 Speaker 1: lives off debt, So they also seen that go up 470 00:24:06,080 --> 00:24:09,919 Speaker 1: but then we saw UM as the price has been dipping. 471 00:24:10,560 --> 00:24:14,159 Speaker 1: El Salvador has been buying the dip and they continue 472 00:24:14,160 --> 00:24:17,800 Speaker 1: to buy the dip. On September they bought UM another 473 00:24:18,520 --> 00:24:22,840 Speaker 1: I think anywhere from five to seven d bitcoin worth 474 00:24:22,840 --> 00:24:25,320 Speaker 1: at forty two dollars at that time, so they bought in. 475 00:24:25,560 --> 00:24:27,240 Speaker 1: They did at forty two thousand, and again it's at 476 00:24:27,280 --> 00:24:30,960 Speaker 1: sixty thousand right now this weekend, so they made even 477 00:24:31,040 --> 00:24:34,080 Speaker 1: more money. They turned their reserves, they increased their reserves 478 00:24:34,119 --> 00:24:38,919 Speaker 1: pretty big UM, and now they hold over eleven hundred bitcoin, 479 00:24:39,880 --> 00:24:43,760 Speaker 1: almost seventy million dollars a bitcoin they're sitting on right now, 480 00:24:44,160 --> 00:24:46,280 Speaker 1: and I think that's amazing, not not just for the country, 481 00:24:46,440 --> 00:24:48,639 Speaker 1: but also for the people who also held on to 482 00:24:48,720 --> 00:24:50,920 Speaker 1: that bitcoin they got for free. UM. It's pretty good. 483 00:24:50,960 --> 00:24:53,479 Speaker 1: And then what El Salvador is doing is they have 484 00:24:54,359 --> 00:24:56,240 Speaker 1: you know, the wealth of a nation has typically been 485 00:24:56,280 --> 00:24:58,920 Speaker 1: with the natural resources that they have UM, and El 486 00:24:58,960 --> 00:25:00,720 Speaker 1: Savare doesn't really have a lot of for resources. They 487 00:25:00,760 --> 00:25:03,600 Speaker 1: got out a volcano, they got coconuts. It's not worth 488 00:25:03,640 --> 00:25:06,480 Speaker 1: a lot UM, but now they're using that volcano to 489 00:25:06,480 --> 00:25:09,640 Speaker 1: create electricity and using that electricity to make even more bitcoin. 490 00:25:09,720 --> 00:25:12,160 Speaker 1: To mind, bitcoin, and so they're all in and they're 491 00:25:12,280 --> 00:25:15,800 Speaker 1: really benefiting from this big time, and the world is 492 00:25:15,840 --> 00:25:19,399 Speaker 1: watching this experiment. We're watching this go down now. A 493 00:25:19,440 --> 00:25:21,639 Speaker 1: bunch of other essential American countries are trying to get 494 00:25:21,680 --> 00:25:23,480 Speaker 1: on board with this. Right now, if there's five other 495 00:25:23,480 --> 00:25:24,960 Speaker 1: countries that are trying to jump on this, and we'll 496 00:25:24,960 --> 00:25:28,400 Speaker 1: see how that plays out. But we're literally watching global 497 00:25:28,640 --> 00:25:33,720 Speaker 1: governments compete in real time. China making a second fatal 498 00:25:33,760 --> 00:25:36,359 Speaker 1: mistake instead of holding on the gold that instead of 499 00:25:36,359 --> 00:25:38,120 Speaker 1: holding moving to gold, they hold on the silver they 500 00:25:38,160 --> 00:25:41,680 Speaker 1: lost out UM. Now they're the largest gold holders UM, 501 00:25:41,680 --> 00:25:43,800 Speaker 1: but instead of embracing bitcoin when they had the lead, 502 00:25:43,960 --> 00:25:45,400 Speaker 1: they got rid of it to hold gold. I think 503 00:25:45,400 --> 00:25:47,560 Speaker 1: that's their second fatal mistake. The US became the big 504 00:25:47,560 --> 00:25:51,399 Speaker 1: beneficiary and is at a point where if we want, 505 00:25:51,440 --> 00:25:53,479 Speaker 1: we have the lead, if the United States once they 506 00:25:53,480 --> 00:25:56,000 Speaker 1: can become the largest country in the world with it 507 00:25:56,359 --> 00:25:59,280 Speaker 1: UM and it's like I said, Americans apple pie and 508 00:25:59,320 --> 00:26:03,399 Speaker 1: they should UM and we'll see what happens with that UM. 509 00:26:03,440 --> 00:26:05,280 Speaker 1: But in the meantime, we have some of these smaller 510 00:26:05,640 --> 00:26:07,639 Speaker 1: companies that countries that don't have much to lose, like 511 00:26:07,640 --> 00:26:11,880 Speaker 1: Al Savador, who are literally UM winning at the game 512 00:26:11,920 --> 00:26:14,000 Speaker 1: of adoption. In the whole world is watching and waiting, 513 00:26:14,600 --> 00:26:16,840 Speaker 1: and I think this is going to be very interesting 514 00:26:16,880 --> 00:26:19,679 Speaker 1: to see what happens as this plays out. My guess 515 00:26:19,760 --> 00:26:23,159 Speaker 1: is that El Salvador becomes a huge success UM and 516 00:26:23,240 --> 00:26:26,000 Speaker 1: other countries are forced to follow suit. We've seen this 517 00:26:26,240 --> 00:26:28,359 Speaker 1: from the I m F. The I m F is, 518 00:26:28,359 --> 00:26:31,280 Speaker 1: of course, the central bank above all central banks, and 519 00:26:31,400 --> 00:26:34,080 Speaker 1: they are now coming to the table to play ball 520 00:26:34,080 --> 00:26:35,720 Speaker 1: with El Savador, and I think it's gonna open up 521 00:26:35,720 --> 00:26:39,399 Speaker 1: the door for other countries to use it. UM. But 522 00:26:39,600 --> 00:26:41,760 Speaker 1: the I m F isn't all rosy on bitcoin. As 523 00:26:41,760 --> 00:26:43,160 Speaker 1: a matter of fact, there were some quotes they put 524 00:26:43,160 --> 00:26:47,199 Speaker 1: out this week that are that are a little scary. UM. 525 00:26:47,280 --> 00:26:49,200 Speaker 1: I think they're trying to hang under their power, their grip. 526 00:26:49,359 --> 00:26:52,080 Speaker 1: So I want to tell you exactly what they said 527 00:26:52,720 --> 00:26:54,520 Speaker 1: because I want to. I want to. I'm gonna quote 528 00:26:54,520 --> 00:26:56,000 Speaker 1: it because I want you to hear directly from them, 529 00:26:56,040 --> 00:26:58,960 Speaker 1: because it's kind of scary if you hear what they're 530 00:26:58,960 --> 00:27:01,359 Speaker 1: trying to say, and it might bring some of this 531 00:27:01,400 --> 00:27:04,800 Speaker 1: more into clarity for you, at least if you're trying 532 00:27:04,800 --> 00:27:06,480 Speaker 1: to navigate, you know what's gonna happen with this globe 533 00:27:06,480 --> 00:27:08,200 Speaker 1: will shake up. By the way, you're listening to the 534 00:27:08,240 --> 00:27:10,560 Speaker 1: Mark Mass Show where I'm bringing to you the latest 535 00:27:10,600 --> 00:27:14,639 Speaker 1: information on bitcoin and cryptocurrencies and this decentralized revolution what 536 00:27:14,680 --> 00:27:17,800 Speaker 1: I'm calling the biggest opportunity that you'll ever have in 537 00:27:17,800 --> 00:27:20,080 Speaker 1: your lifetime. This is not a new technology. This is 538 00:27:20,119 --> 00:27:25,080 Speaker 1: a technological revolution. The difference is the technology is cool. 539 00:27:25,200 --> 00:27:27,480 Speaker 1: It increases, you know, the quality of our life. Maybe 540 00:27:27,840 --> 00:27:32,960 Speaker 1: a technological revolution changes the way humanity works. It drives 541 00:27:33,000 --> 00:27:38,320 Speaker 1: financial markets, and that's exactly what we're witnessing. And of course, um, 542 00:27:38,359 --> 00:27:41,320 Speaker 1: a lot of people don't understand it, which is rightfully so. 543 00:27:41,480 --> 00:27:43,119 Speaker 1: But I'm going to explain to you listening to the 544 00:27:43,080 --> 00:27:45,960 Speaker 1: Markmas Show. I'll be right back. All right, welcome back. 545 00:27:46,040 --> 00:27:48,439 Speaker 1: You are joining the Mark Mass Show when we are 546 00:27:48,440 --> 00:27:53,399 Speaker 1: talking about bitcoin and cryptocurrencies and the decentralized revolution, and 547 00:27:53,400 --> 00:27:56,680 Speaker 1: I'm trying to help you navigate this correctly. I do 548 00:27:56,760 --> 00:27:59,359 Speaker 1: not want you to miss out on what this is. 549 00:28:00,200 --> 00:28:03,359 Speaker 1: Most likely, whatever you heard or what information you have, 550 00:28:03,480 --> 00:28:06,960 Speaker 1: it's probably wrong. And the problem with having wrong information 551 00:28:07,080 --> 00:28:11,320 Speaker 1: is it just messes up your opportunity. Right, Um, you 552 00:28:11,359 --> 00:28:15,200 Speaker 1: could over allocate, over invest you could under allocate, under 553 00:28:15,200 --> 00:28:17,960 Speaker 1: invest whatever happens. With the wrong information, you can't make 554 00:28:18,000 --> 00:28:20,840 Speaker 1: the right decisions. And so I'm trying to bring to 555 00:28:20,880 --> 00:28:23,680 Speaker 1: you the right information so you can make the right decision, 556 00:28:23,720 --> 00:28:26,640 Speaker 1: so you can navigate this giant opportunity the right way, 557 00:28:26,680 --> 00:28:27,920 Speaker 1: the best way. And so that's what I bring to 558 00:28:27,960 --> 00:28:29,919 Speaker 1: you each and every week. Make sure to set a 559 00:28:29,960 --> 00:28:31,880 Speaker 1: reminder on your phone for this channel at this time 560 00:28:31,880 --> 00:28:34,320 Speaker 1: and join me each and every week. And of course 561 00:28:34,520 --> 00:28:37,200 Speaker 1: hit me up on social media. One Mark Boss. That's 562 00:28:37,280 --> 00:28:41,120 Speaker 1: one Mark Boss. That's that's the number one on Twitter, Instagram, 563 00:28:41,160 --> 00:28:42,720 Speaker 1: you can find me, send me a message, tell me 564 00:28:42,720 --> 00:28:44,320 Speaker 1: you heard me on the show. Asked me a question, 565 00:28:44,360 --> 00:28:47,120 Speaker 1: and make sure to answer it. And we're talking about 566 00:28:47,240 --> 00:28:50,400 Speaker 1: this global shake up that's happening. I believe that the 567 00:28:50,440 --> 00:28:53,520 Speaker 1: global stage is being rewritten. We talked about China being 568 00:28:53,560 --> 00:28:56,600 Speaker 1: the superpower, making a second fatal mistake and losing their 569 00:28:56,600 --> 00:28:59,560 Speaker 1: position in the world. Again. We talked about the United 570 00:28:59,560 --> 00:29:01,600 Speaker 1: States is a big beneficiary of that and has the 571 00:29:01,640 --> 00:29:04,239 Speaker 1: opportunity now to step up and take advantage of this. 572 00:29:04,560 --> 00:29:07,239 Speaker 1: Will they will they not? Will find out, And then 573 00:29:07,280 --> 00:29:10,120 Speaker 1: we talked about El Salvador, a small little country that 574 00:29:10,280 --> 00:29:14,440 Speaker 1: is embracing it huge uh, the right way in my opinion, 575 00:29:14,760 --> 00:29:17,600 Speaker 1: and they are coming out on top and it's gonna 576 00:29:17,600 --> 00:29:20,040 Speaker 1: be really interesting to see play out. Of course, I 577 00:29:20,120 --> 00:29:24,760 Speaker 1: talked about how competition is what I believe will break 578 00:29:24,800 --> 00:29:28,520 Speaker 1: the trend that we are sliding into into authoritarianism, and 579 00:29:28,560 --> 00:29:30,640 Speaker 1: so I'm excited to see this play out on this 580 00:29:31,080 --> 00:29:34,040 Speaker 1: on this global stage. Now. Um, we talked about those 581 00:29:34,080 --> 00:29:36,040 Speaker 1: three variables. I want to I want to jump a 582 00:29:36,160 --> 00:29:41,280 Speaker 1: level higher now. So each country has their own central bank, um, 583 00:29:41,960 --> 00:29:45,480 Speaker 1: and above each country central bank is the I m 584 00:29:45,560 --> 00:29:48,000 Speaker 1: F and the World Bank. And that's like the central 585 00:29:48,040 --> 00:29:51,600 Speaker 1: bank above central banks. And so the I m F 586 00:29:51,800 --> 00:29:56,640 Speaker 1: kind of tries to does kind of does set policy 587 00:29:56,720 --> 00:30:01,000 Speaker 1: for the central banks in each country and and um, 588 00:30:01,040 --> 00:30:05,200 Speaker 1: you know they've basically been trying to control what else 589 00:30:05,200 --> 00:30:09,000 Speaker 1: salvad Or does with their bitcoin. And if we look 590 00:30:09,040 --> 00:30:10,680 Speaker 1: at like an article from the I m F, it 591 00:30:10,760 --> 00:30:12,840 Speaker 1: says that their mandates, they have a mandate, this is 592 00:30:12,880 --> 00:30:14,800 Speaker 1: their order, this is what they have to do, and 593 00:30:14,800 --> 00:30:18,200 Speaker 1: it says quote the I m F promotes monetary cooperation 594 00:30:18,480 --> 00:30:23,200 Speaker 1: and provides policy advice and capacity development UH support to 595 00:30:23,280 --> 00:30:28,520 Speaker 1: preserve global macroeconomic and financial stability and help countries build 596 00:30:28,520 --> 00:30:35,280 Speaker 1: and maintain strong economies. Okay, that's quote UM, so to 597 00:30:35,520 --> 00:30:41,000 Speaker 1: to to simplify this. Basically, what they're saying is that, Um, 598 00:30:41,080 --> 00:30:43,200 Speaker 1: what they're trying to do is they're trying to influence 599 00:30:43,440 --> 00:30:46,920 Speaker 1: global markets. They're trying to influence them so that they 600 00:30:46,960 --> 00:30:52,480 Speaker 1: continue to um, preserve financial stability. And they do this 601 00:30:52,760 --> 00:30:57,640 Speaker 1: with obviously having lots of control. And how do they 602 00:30:57,760 --> 00:31:02,360 Speaker 1: have that control um or centralization. Well, they do it 603 00:31:02,440 --> 00:31:06,080 Speaker 1: with money, with loans, right, and they issue loans to 604 00:31:06,120 --> 00:31:10,240 Speaker 1: these countries. Um. How do they get those loans, Well, 605 00:31:10,280 --> 00:31:12,560 Speaker 1: they get those they get the money from their member 606 00:31:12,640 --> 00:31:15,080 Speaker 1: states countries like the United States, a whole bunch of 607 00:31:15,120 --> 00:31:17,520 Speaker 1: rich people basically, So, a whole bunch of rich people 608 00:31:17,760 --> 00:31:21,520 Speaker 1: basically influenced the entire globes monetary policy. And of course 609 00:31:21,520 --> 00:31:23,760 Speaker 1: this is not conspiracy as a public information, it's easy 610 00:31:23,800 --> 00:31:28,480 Speaker 1: to find out. UM. And they're trying to maintain the 611 00:31:28,600 --> 00:31:31,120 Speaker 1: status quo, right, that's what they're trying to do. And 612 00:31:31,160 --> 00:31:33,600 Speaker 1: so you know they don't like something like bitcoin because 613 00:31:33,600 --> 00:31:36,360 Speaker 1: Bitcoin is out of their control. Bitcoin is not in 614 00:31:36,400 --> 00:31:42,200 Speaker 1: the status quo UM. And so they're trying to maintain 615 00:31:42,240 --> 00:31:44,200 Speaker 1: their power as a matter of fact, previous head of 616 00:31:44,200 --> 00:31:47,040 Speaker 1: the I m F was Christine Legarde, who is a 617 00:31:47,800 --> 00:31:50,520 Speaker 1: UM convicted criminal. Um. She didn't lose her powers a 618 00:31:50,560 --> 00:31:52,640 Speaker 1: matter of actually got promoted. She's now head of the ECB, 619 00:31:52,760 --> 00:31:55,560 Speaker 1: the European Central Bank. Um. Go ahead and look it up. 620 00:31:55,600 --> 00:31:59,440 Speaker 1: You can find she was convicted. UM. And basically she said, 621 00:31:59,440 --> 00:32:04,560 Speaker 1: and I'll quote her, she said that innovation, so something new, right, innovation, 622 00:32:04,600 --> 00:32:07,760 Speaker 1: something new like bitcoin, innovation is a threat to our 623 00:32:07,840 --> 00:32:11,480 Speaker 1: financial stability. That's when she was with the I m F. Well, 624 00:32:11,480 --> 00:32:13,920 Speaker 1: what what she's actually saying is that innovation is a 625 00:32:13,920 --> 00:32:17,080 Speaker 1: threat to our financial monopoly. Right, it's a threat to 626 00:32:17,120 --> 00:32:20,440 Speaker 1: our status quo. But she says, a threat to our stability. 627 00:32:20,440 --> 00:32:24,240 Speaker 1: So whenever they say, going back to their quote, I said, 628 00:32:25,480 --> 00:32:28,600 Speaker 1: I said, uh, provide advice and capacity development support to 629 00:32:28,680 --> 00:32:33,000 Speaker 1: preserve global macroeconomic and financial stability. So what they're saying 630 00:32:33,120 --> 00:32:36,520 Speaker 1: is uh, their grip, right, there's their status quo, and 631 00:32:36,560 --> 00:32:39,880 Speaker 1: so they're trying to maintain that. They're trying to hold 632 00:32:39,960 --> 00:32:44,440 Speaker 1: onto that. But Bitcoin fixes this, like bitcoin fixes everything. 633 00:32:44,480 --> 00:32:45,960 Speaker 1: I like to say that, I'm not the only one 634 00:32:46,000 --> 00:32:47,600 Speaker 1: that says it. In bitcoin world, we say it, that 635 00:32:48,080 --> 00:32:51,880 Speaker 1: fix the money fix the world, and bitcoin is offering 636 00:32:52,440 --> 00:32:55,000 Speaker 1: a country like El Salvador, or people in the United 637 00:32:55,000 --> 00:32:57,600 Speaker 1: States or anybody else who wants to embrace it a 638 00:32:57,720 --> 00:33:01,480 Speaker 1: way to hold their wealth, whole, their value, store it 639 00:33:01,600 --> 00:33:04,640 Speaker 1: in a way that can't be inflated away, it can't 640 00:33:04,640 --> 00:33:07,560 Speaker 1: be stolen. So when a country like the United States, 641 00:33:07,560 --> 00:33:10,600 Speaker 1: the Federal Reserve or the I m F creates more money, 642 00:33:10,920 --> 00:33:15,120 Speaker 1: it dilutes all the existing money. So right now you think, shoot, 643 00:33:15,160 --> 00:33:17,280 Speaker 1: home prices are going higher and higher and higher, that's 644 00:33:17,280 --> 00:33:20,960 Speaker 1: a good investment. Um cars are getting more expensive, foods 645 00:33:20,960 --> 00:33:24,240 Speaker 1: getting more expensive. No, it's not that it's getting more expensive. 646 00:33:24,720 --> 00:33:27,680 Speaker 1: It's the dollars that you have are worth less, and 647 00:33:27,720 --> 00:33:30,560 Speaker 1: so they buy less and less and less. So when 648 00:33:30,600 --> 00:33:33,920 Speaker 1: they print more money, they're literally stealing your money. Now, 649 00:33:34,120 --> 00:33:35,840 Speaker 1: if you had a hundred dollars in the bank, you 650 00:33:35,840 --> 00:33:37,360 Speaker 1: still have a hundred dollars in the bank. You still 651 00:33:37,360 --> 00:33:39,560 Speaker 1: have the same amount of dollars, but the amount of 652 00:33:39,600 --> 00:33:42,760 Speaker 1: goods and services that those dollars will buy is less, 653 00:33:43,880 --> 00:33:47,920 Speaker 1: and it's less because they printed more. So they're literally 654 00:33:47,960 --> 00:33:51,080 Speaker 1: stealing wealth from your stealing value from you. And so 655 00:33:51,160 --> 00:33:53,760 Speaker 1: bitcoin allows us to hold our wealth and our value 656 00:33:53,800 --> 00:33:55,400 Speaker 1: in a way that can't be seized. It can't be 657 00:33:55,440 --> 00:33:58,720 Speaker 1: inflated away, it can't be stolen. UM. The I R 658 00:33:58,880 --> 00:34:02,360 Speaker 1: S the government can't freeze your account. They can't seize 659 00:34:02,360 --> 00:34:04,400 Speaker 1: your account. Um, they can't do that. And so the 660 00:34:04,440 --> 00:34:07,760 Speaker 1: I M f UM, which you know, settles these issues 661 00:34:07,800 --> 00:34:11,800 Speaker 1: between nation states. They need to be able to UM 662 00:34:11,840 --> 00:34:16,560 Speaker 1: create this money out of thin air. They win. They 663 00:34:16,640 --> 00:34:18,120 Speaker 1: I mean, where do they get the money from. It's 664 00:34:18,160 --> 00:34:20,960 Speaker 1: not in their savings account. They create a loan and 665 00:34:20,960 --> 00:34:22,839 Speaker 1: they're basically creating that money out of thin air. They're 666 00:34:22,840 --> 00:34:25,440 Speaker 1: debasing the currency right just like the Federal Reserve does. 667 00:34:25,960 --> 00:34:28,880 Speaker 1: And they need to have that because that is their control. 668 00:34:28,960 --> 00:34:30,239 Speaker 1: If I can create money out of thin air and 669 00:34:30,239 --> 00:34:31,479 Speaker 1: give it to you and force you to do something 670 00:34:31,520 --> 00:34:33,880 Speaker 1: that I want, then of course I have the control 671 00:34:33,880 --> 00:34:35,840 Speaker 1: over you. But if we move to a system that 672 00:34:35,840 --> 00:34:38,480 Speaker 1: they can't control, like bitcoin, that they can't print more of, 673 00:34:38,560 --> 00:34:41,280 Speaker 1: they can't create more out of thin air, and guess 674 00:34:41,280 --> 00:34:44,440 Speaker 1: what happens. They lose that grip. They lose their ability 675 00:34:44,520 --> 00:34:48,160 Speaker 1: to maintain financial stability as they call it, or as 676 00:34:48,200 --> 00:34:52,560 Speaker 1: we call it, their financial grip, their financial monopoly, which 677 00:34:52,600 --> 00:34:55,880 Speaker 1: is exactly what we want. What we want is we 678 00:34:55,960 --> 00:34:59,120 Speaker 1: need to take humans. We need to take mankind humans 679 00:34:59,160 --> 00:35:04,719 Speaker 1: out of the equation. Unfortunately, some people just want to 680 00:35:04,800 --> 00:35:08,800 Speaker 1: manipulate things. And so as long as you have humans 681 00:35:08,840 --> 00:35:11,640 Speaker 1: that run the money supply, the monetary supply, they're gonna 682 00:35:11,680 --> 00:35:14,320 Speaker 1: try to cheat. They're gonna try to get something for nothing. 683 00:35:14,600 --> 00:35:19,440 Speaker 1: If you could print yourself money, you probably would, and 684 00:35:19,480 --> 00:35:22,800 Speaker 1: so um by recognizing that, we need to come to 685 00:35:22,880 --> 00:35:25,040 Speaker 1: a system that can't be controlled, and that's what bitcoin is. 686 00:35:25,040 --> 00:35:27,720 Speaker 1: That's what bitcoin represents. It's a system that cannot be controlled. 687 00:35:27,760 --> 00:35:31,600 Speaker 1: Nobody can create more bitcoin. And so a lot of 688 00:35:31,600 --> 00:35:34,279 Speaker 1: people think that bitcoin isn't fair because people had an 689 00:35:34,360 --> 00:35:36,560 Speaker 1: unfair advantage. You bought it today, but some poor people 690 00:35:36,560 --> 00:35:38,160 Speaker 1: won't build to buy it until later in the future. 691 00:35:38,480 --> 00:35:41,239 Speaker 1: But that's not the definition of fairness, right, everyone has 692 00:35:41,280 --> 00:35:44,760 Speaker 1: a chance to earn bitcoin equally. That's fair. What's what 693 00:35:44,760 --> 00:35:47,560 Speaker 1: what's fair about it is that nobody can create more 694 00:35:47,600 --> 00:35:50,960 Speaker 1: of it on their own. The fiat money system that 695 00:35:51,000 --> 00:35:52,720 Speaker 1: we have today that the I m F is trying 696 00:35:52,719 --> 00:35:56,719 Speaker 1: to preserve is a system where they have an unfairness, 697 00:35:56,719 --> 00:35:58,759 Speaker 1: where they can create money for themselves and they can 698 00:35:58,760 --> 00:36:02,040 Speaker 1: give it to their friends, and they have an unfair advantage. 699 00:36:02,120 --> 00:36:05,760 Speaker 1: That is the problem, and that's exactly what bitcoin replaces, 700 00:36:06,000 --> 00:36:08,960 Speaker 1: replaces that legacy system where the I M F or 701 00:36:08,960 --> 00:36:12,839 Speaker 1: any central bank has a grip. So Christine Legard is right, 702 00:36:14,320 --> 00:36:17,759 Speaker 1: it does threaten their financial stability, or again, in my words, 703 00:36:17,760 --> 00:36:21,200 Speaker 1: it threatens threatens their financial monopoly. And that's what we want. 704 00:36:21,280 --> 00:36:24,680 Speaker 1: A new system, a fair system that can't be controlled, 705 00:36:24,960 --> 00:36:27,320 Speaker 1: that can't be manipulated, where you can hold your wealth 706 00:36:27,360 --> 00:36:30,480 Speaker 1: in a sovereign way, a portable way where you can 707 00:36:30,480 --> 00:36:33,400 Speaker 1: take it with you anywhere. And that's exactly what's happening. 708 00:36:33,480 --> 00:36:35,839 Speaker 1: That's why El Salvador is moving to it, getting off 709 00:36:35,880 --> 00:36:38,759 Speaker 1: of the off of the dollar standard. That's why corporations 710 00:36:38,800 --> 00:36:41,480 Speaker 1: like micro Strategy are doing it, That's why nation states 711 00:36:41,480 --> 00:36:43,440 Speaker 1: are doing it like El Salvadoor. That's why I'm doing it, 712 00:36:44,040 --> 00:36:46,640 Speaker 1: and maybe you will too. You're listening to the Mark 713 00:36:46,680 --> 00:36:48,440 Speaker 1: Moas Show. I'm trying to bring to you the latest 714 00:36:48,480 --> 00:36:52,560 Speaker 1: information on bitcoin and cryptocurrencies in this entire decentralized revolution 715 00:36:52,560 --> 00:36:56,360 Speaker 1: that's happening because it's literally going to change the way 716 00:36:56,680 --> 00:37:00,000 Speaker 1: humanity works in every area. We're talking about the money today, 717 00:37:00,080 --> 00:37:02,080 Speaker 1: we can talk about some more parts next week, hopefully 718 00:37:02,080 --> 00:37:05,000 Speaker 1: you join me. But it's going to change everything. It's 719 00:37:05,080 --> 00:37:09,239 Speaker 1: literally taken away the oldest problem that mankind has ever had, 720 00:37:09,280 --> 00:37:11,640 Speaker 1: which is going to have a massive, massive implications in 721 00:37:11,680 --> 00:37:13,600 Speaker 1: the future. And if you join me ea and every 722 00:37:13,600 --> 00:37:15,680 Speaker 1: week you're gonna have the information you need to navigate 723 00:37:15,719 --> 00:37:17,840 Speaker 1: this correctly. Again, this is the Mark Mo Show. Thank you.