Speaker 1: Hey, everyone, welcome to the Mark Moa Show where I
Speaker 1: am talking about bitcoin and cryptocurrencies and this decentralized revolution
Speaker 1: that we are witnessing. We're living through it, you know. Um,
Speaker 1: it's probably you know, most people think about, you know,
Speaker 1: what's happened throughout their lives, and then you kind of
Speaker 1: compare that to history books. And of course history books
Speaker 1: are full of these big moments, like you know, the
Speaker 1: American Revolution and the Civil War and um, you know
Speaker 1: Martin Luther King or JFK or whatever it may be,
Speaker 1: and like, you know, what's going on in our lifetime,
Speaker 1: and so you don't really you know, you don't really
Speaker 1: notice it. It's kind of like maybe the frog and
Speaker 1: the boiling pot of water. But I'm here to tell
Speaker 1: you that we are literally living through the biggest shift
Speaker 1: that humanity has ever seen. We're seeing the entire world
Speaker 1: change right before our very eyes and kind of like
Speaker 1: watching paint dry. You probably don't notice it, but it's happening.
Speaker 1: It's I want to bring to you the information so
Speaker 1: you notice it. Um. You know, there's a lot of
Speaker 1: volatility in this world today. Um, it's scary, you know,
Speaker 1: we don't know what's going to happen right. In times
Speaker 1: of this uncertainty, it's fear uncertainty and doubt. We call
Speaker 1: it FUD in the bitcoin space, fear uncertainty in doubt.
Speaker 1: And so there's a lot of fear in certainty in doubt,
Speaker 1: um and there, and and there's good reason for that, right.
Speaker 1: It's like when you don't know what the future holds,
Speaker 1: even if you're expecting something good to happen, there's still
Speaker 1: this anxiousness that sits there because you don't know what's
Speaker 1: gonna happen. And so I get that. But the thing
Speaker 1: to understand is that through times of volatility, typically there's well,
Speaker 1: you're anxious, and so there's two outcomes, right, You're anxious
Speaker 1: that things could go bad, um, and maybe you're hoping
Speaker 1: that things go good, right, And that's I guess those
Speaker 1: are two outcomes that you have. And I would say
Speaker 1: that in times of extreme volatility equal extremely bad outcomes
Speaker 1: or extremely good outcomes. And you personally listening to this
Speaker 1: right now, get to decide which side you want to
Speaker 1: be on. Do you want to be on the side
Speaker 1: that benefits from the volatility and has a better life,
Speaker 1: or do you want to be on the side that
Speaker 1: has disastrous outcome. You know, I think, um, the world
Speaker 1: is a scary place right now, and it can be depressing.
Speaker 1: I mean, especially if you're paying attention to you know,
Speaker 1: the government overreach and the loss of privacy and the
Speaker 1: loss of freedom, and the loss of private property, not
Speaker 1: just private property in a sense where they want to
Speaker 1: take away our money, right, take away our assets. They
Speaker 1: want to now tax are unrealized profits we haven't even
Speaker 1: we haven't even realized. I mean, our private property is
Speaker 1: one under attack, and not just our property, but at
Speaker 1: the at the base of all private property rights is
Speaker 1: individual private property rights, your own bodily autonomy. Without individual,
Speaker 1: Without the individual, there's nothing right. So it starts as
Speaker 1: an individual and individual rights, and then I would extend those.
Speaker 1: And so today even our own individual body is under attack, right,
Speaker 1: they're trying to take control of that, and so our
Speaker 1: our our private see, our property is under attack on
Speaker 1: every single level that we can see. And it's scary.
Speaker 1: And I know a lot of people want to ignore that.
Speaker 1: I don't want to pay attention, don't. I don't want to.
Speaker 1: I don't want to hear about politics. I hear that
Speaker 1: all the time, Like Mark, I listen to you for finance.
Speaker 1: I don't want to hear politics, but listen, if you
Speaker 1: don't understand the politics, you're not gonna understand the money
Speaker 1: because it's political decisions. It's politice decisions that are driving this.
Speaker 1: And I'm not gonna dig into politics deep today, So
Speaker 1: don't worry about that. We're talking about bitcoin. We're talking
Speaker 1: about the decentralized revolution. But but it does have something
Speaker 1: to do with that, because we're witnessing a game being
Speaker 1: played out on a global scale, on a global stage
Speaker 1: right now with bitcoin that is going to drastically change
Speaker 1: the entire way the map of the world is probably
Speaker 1: drawn up. And I mean that. And it can be
Speaker 1: a bad thing. It can be a scary thing because
Speaker 1: what's going to happen, but it can also be a
Speaker 1: good thing. And so I like to say that, you know,
Speaker 1: an ostrich can choose to bury its head in the sand,
Speaker 1: but it won't stop it from being eaten. So you
Speaker 1: can choose. My favorite author, Iron Rand says, well, I
Speaker 1: don't know she's my favorite, but one of one of
Speaker 1: my favorite authors. She says that you can choose to
Speaker 1: ignore reality, but you cannot ignore the consequences of reality,
Speaker 1: and so that's kind of where we're at. And I think,
Speaker 1: you know, as we see this volatility, we can choose
Speaker 1: to take advantage of it. And of course that's why
Speaker 1: I'm coming to you each and every week explained to
Speaker 1: you how big this revolution is. And as the world
Speaker 1: is getting scary and we're seeing our private property come
Speaker 1: under attack, I think it's easy to see that everywhere
Speaker 1: in the world at this point, we're seeing this very
Speaker 1: actually rapid move to authoritarianism. Now, um, if you're in
Speaker 1: Canada or Australia, listen to this, you're seeing it happen
Speaker 1: really really fast. If you're in China, you've already seen
Speaker 1: it happen. If you're in the United States, you're also
Speaker 1: witnessing happening. But it seems maybe a little bit slower.
Speaker 1: And we're getting to a point where technology is kind
Speaker 1: of creating this, giving these authoritarians these tools that they
Speaker 1: could have this permanent, um, you know, hold on us,
Speaker 1: where they could prevent us from getting information we need
Speaker 1: and communicating and and all these things. And so that's scary.
Speaker 1: But I think the only thing that breaks that trend
Speaker 1: towards with their attornism is not that they wake up
Speaker 1: one day and say, shoot, we have too much control,
Speaker 1: We have way too much power over people's lives. Why
Speaker 1: don't we just give some freedom back to them. If
Speaker 1: you think that's going to happen, well, then I don't know.
Speaker 1: What do they say? I have a bridge to tell
Speaker 1: you something like that. I don't think that's ever gonna happen.
Speaker 1: I believe what changes this trend towards authoritarianism is actually
Speaker 1: pretty simple. It's one thing. It's competition. You know that
Speaker 1: when businesses compete for you, you're always going to get
Speaker 1: better products, better service, and better prices. Right, if you
Speaker 1: go to the d m V, it's the worst place.
Speaker 1: It's the example. It's the example I give of the
Speaker 1: worst business that you can go to. And why is
Speaker 1: it the worst business that you can go to the
Speaker 1: Department of Motor Vehicles or maybe called different in your state?
Speaker 1: Why is it the worst place? Because there's no competition.
Speaker 1: It's the only place you can go. Their employees never
Speaker 1: get fired. They don't have to give you good product,
Speaker 1: service or prices, and so they don't. Now, if you're
Speaker 1: like me, if I can go to the Triple A,
Speaker 1: I'm gonna go there every time, and so whatever I
Speaker 1: can do, I'll go there because Triple A has competition
Speaker 1: and they want my business and to compete for that.
Speaker 1: And so if the world's trending towards authoritarianism totalitarianism, the
Speaker 1: only thing that breaks it not is they want to
Speaker 1: give it up, but they have their force to because
Speaker 1: of competition. We've seen this in the United States. Both
Speaker 1: California and New York were outcompeted by Texas and Florida,
Speaker 1: and both governors found themselves on the chopping block. One survived,
Speaker 1: one didn't. But we can see that plan now. But
Speaker 1: what about when nations, when governments start competing for each other,
Speaker 1: And that's exactly what's happening today, and bitcoin is causing
Speaker 1: those nations to compete. There are the two superpowers, China
Speaker 1: and the United States, probably the two of the biggest
Speaker 1: global superpowers today, and they both have two very different
Speaker 1: tales of bitcoin. And then we have smaller countries jumping
Speaker 1: in with bitcoin that I think are setting themselves up. Well,
Speaker 1: they're they're currently out competing the superpowers, and I believe
Speaker 1: that these they're out competing is going to set themselves
Speaker 1: up to have a massive advantage in the future. And
Speaker 1: it's interesting. You know, Um, if we if we were
Speaker 1: watching like a movie about the future, right when you
Speaker 1: go back in time, don't dont don't touch that thing,
Speaker 1: don't touch that thing. Want one small change in the
Speaker 1: past could drastically change the future, right, And so thinking
Speaker 1: about those those things, then you can also understand that
Speaker 1: one little change today could have massive changes in implications
Speaker 1: in the future. And that's exactly what we're talking about.
Speaker 1: China on the rise wanted to be the superpower. I
Speaker 1: think made what I'm calling their second fatal mistake, China's
Speaker 1: second fatal mistake. I think that fatal mistake was could
Speaker 1: be potentially could be the United States big break if
Speaker 1: they want to take it. Um, it's a little bit
Speaker 1: up in the air whether the United States will capitalize
Speaker 1: on the China's mistake or not. It's looking like they will,
Speaker 1: but it's also looking like our leadership might not want to.
Speaker 1: And then we have the smaller countries and mostly Central
Speaker 1: America that have jumped on this. And I'm talking about
Speaker 1: El Salvador. I mean, this is big, and so I
Speaker 1: want to explain what happened with El Salvador just this week.
Speaker 1: Now you probably know they made bitcoin legal tender a
Speaker 1: couple of months ago, last month actually, but even more
Speaker 1: stuff has been happening over last week. And I think
Speaker 1: understanding the tale of these three countries helps us understand
Speaker 1: what the geopolitical picture looks like in the world. And
Speaker 1: it's important for you to understand because I think this
Speaker 1: is what breaks the grip of this or this trend,
Speaker 1: I should say. So, I want to talk to you
Speaker 1: what China's second fatal mistake was. When I come back.
Speaker 1: You're listening to the Mark mass Show talking about bitcoin,
Speaker 1: cryptocurrencies and the decentralized revolution, bringing you the information that
Speaker 1: you need to benefit from it. I'll be right back,
Speaker 1: all right, welcome back. You are listening to the Mark
Speaker 1: ma Show, and I'm just sitting here, you know, bringing
Speaker 1: you the latest information on bitcoin, cryptocurrencies and whatnot. You know,
Speaker 1: nothing exciting, uh, you know, except unless you decide to
Speaker 1: take advantage of this information and change your life. Because
Speaker 1: that's exactly how big this opportunity is. So if you're
Speaker 1: listening to me on the radio right now, pull out
Speaker 1: your phone, set a calendar reminder, and make sure to
Speaker 1: tune in with me eating every week because it's going
Speaker 1: to be the most profitable time of your week, listening
Speaker 1: to me with me, hanging me, hanging out with me.
Speaker 1: If you're listening, by the way, I would love it
Speaker 1: if you would. Also, while you have your phone out,
Speaker 1: open up Twitter, open up Instagram. Find me one Mark Moss.
Speaker 1: That's right, one Mark Moss. That's just the number, one
Speaker 1: Mark Moss. Send me a message, tell me you heard
Speaker 1: me on the radio. And uh, at least tell me
Speaker 1: you heard me. And then if you can give me
Speaker 1: a follow, and even better at me send me a questions.
Speaker 1: I mean, send me a message. Love to hear it.
Speaker 1: But I was talking about, um, the Tale of three countries,
Speaker 1: and how all these changes that they've been doing lately
Speaker 1: could have massive global implications. They already are, but I
Speaker 1: think it's gonna be much much bigger in the future.
Speaker 1: And so I was talking about China being the superpower.
Speaker 1: I'm talking about the United States, UM, and I'm talking
Speaker 1: about al Salvador. So UM jump into China real quickly, UM. China.
Speaker 1: Second fatal mistake. To understand the second fatal mistake undered
Speaker 1: in the first fatal mistake. And so what I do
Speaker 1: is I go back about about a hundred and fifty
Speaker 1: years ago, sooner years ago, the entire world if years
Speaker 1: ago was moving towards words a gold standard. So to
Speaker 1: understand bitcoin and understand goal, you have to understand what
Speaker 1: is money. So money is something that's used as like
Speaker 1: a medium of exchange. It communicates value. So I have
Speaker 1: something of value, You have something of value. We want
Speaker 1: to exchange. I have a cow, you have a goat. Well,
Speaker 1: in a barter system, you may not want my cow
Speaker 1: or my goat. So shoot, what do we do? Then? Well,
Speaker 1: I could Okay, you don't want my cow. M how
Speaker 1: about would you take my um plow? Would you take
Speaker 1: my um whatever? Right, so I'll trade you something else. Okay,
Speaker 1: you'll take my plow. Great, Okay, I'll trade you the plow,
Speaker 1: and then um you can take that plow and go
Speaker 1: trade for something else. Right. And so we start using
Speaker 1: different things to the bart system, and eventually we have
Speaker 1: certain things that seem to kind of be universally needed.
Speaker 1: And then eventually the market converges onto one thing that's
Speaker 1: the best medium of exchange. And that's exactly what happened
Speaker 1: with gold. And gold has a bunch of money and
Speaker 1: properties of money that make it the best form of money.
Speaker 1: Um it's scarcity being one of them, divisible, portable, durable,
Speaker 1: I'm gonna and many others. And so the whole world
Speaker 1: was moving towards a gold a gold standard. Now, the
Speaker 1: thing with the with money is that as I said that,
Speaker 1: the market will choose which one is the best, and
Speaker 1: they chose gold. And so as nations were switching over
Speaker 1: to use the gold standard, China didn't want to. China
Speaker 1: wanted to stay on the silver standard. They thought silver
Speaker 1: was better. And so this is an important lesson for
Speaker 1: everybody that's listening right now for two reasons. One well, mainly,
Speaker 1: I guess what you choose to store your wealth and matters,
Speaker 1: and it matters a lot, all right, And so when
Speaker 1: you understand China, you understand it's better. And so for
Speaker 1: everybody thinking that, uh, I don't need to hold the
Speaker 1: best form of money, Oh I don't. I don't think
Speaker 1: bitcoin is the best. I'm gonna hold shebu Inhu instead,
Speaker 1: or I'm gonna hold dodge whatever it's gonna be. I'm
Speaker 1: gonna hold silver, I'm gonna hold dollars. Whatever you're gonna hold.
Speaker 1: You have the right, you have obviously the right to
Speaker 1: hold whatever you want as your store of value. But
Speaker 1: what you choose will matter. So China didn't want to
Speaker 1: go to gold. They had a ton of silver, soiver
Speaker 1: had been money for millennium. So no, we're not gonna
Speaker 1: go to We're not gonna go to go, We're gonna
Speaker 1: We're gonna hang on to solver. Well didn't work out
Speaker 1: too well for China. As a matter of fact, they
Speaker 1: lost big. Silver got devalued. Gold took off in value
Speaker 1: because everyone adopted it, and China lost their place in
Speaker 1: the global order. They lost their places as a superpower,
Speaker 1: and so they tried to hang onto it, and they
Speaker 1: kind of went to the Opian Wars in the early
Speaker 1: nine hundreds, about a hundred years ago, they gave up.
Speaker 1: All right, fine, alright, fine whatever, throw in the towel.
Speaker 1: We'll we'll go to gold. Fine, we capitulate. Well, that
Speaker 1: was their first fatal mistake, right, If they would have
Speaker 1: switched over to gold early on, they could have maintained
Speaker 1: their position in the world. But they didn't, so that
Speaker 1: was their first fatal mistake. They finally capitulated in the
Speaker 1: early nineteen hundreds. They went over the gold standard. It
Speaker 1: was too late. The world had passed them by, and
Speaker 1: they were no longer on the world stage in the
Speaker 1: superpower room. Well, for the last hundred years they've been
Speaker 1: trying to accumulate gold. Okay, fine, we learned from our mistakes.
Speaker 1: As China, we learned from our mistakes. We're gonna now
Speaker 1: move to the gold standards. We're gonna everything we can
Speaker 1: to accumulate goal. As a matter of fact, they have
Speaker 1: been the largest accumulators of gold in the world. So
Speaker 1: China does two things. One um, they are the largest
Speaker 1: importer of gold. They're buying gold from anywhere in the
Speaker 1: world they can get it. They're buying it, they're accumulating it. Um.
Speaker 1: The other thing they're doing is they do have a
Speaker 1: lot of gold in China. So they're allowing people to
Speaker 1: come mind gold in China. Hey, everyone, come one, come all,
Speaker 1: come mine bitcoin. I'm sorry, comebine gold in China. The
Speaker 1: thing is, if you go mine um gold in China,
Speaker 1: you're not allowed to send the gold out of the country.
Speaker 1: You can mind the gold, but it has to be
Speaker 1: sold to China. And so um China has become the
Speaker 1: largest holder of gold in the world, many times larger UM.
Speaker 1: I don't know if the Federal Reserve of the United
Speaker 1: States actually has any gold anymore. UM, I kind of
Speaker 1: doubt that they do. However, they report I think about
Speaker 1: eight or nine thousand tons of gold reports of China,
Speaker 1: which of course they don't tell us anything. They keep
Speaker 1: all their records private. But based off of all the
Speaker 1: reports that we can find, based off of mining reports
Speaker 1: and importing reports and whatnot, it is estimated that that
Speaker 1: China sitting on about thirty thousand tons of gold, which
Speaker 1: is many times more than potentially what the United States
Speaker 1: might possibly be holding. So a hundred years China has
Speaker 1: been trying to recover from their fatal mistake and they've
Speaker 1: become the largest gold holder in the world. Well, China
Speaker 1: was also the largest bitcoin miner in the world. A
Speaker 1: lot of people have said, oh, bitcoin is to centralize.
Speaker 1: China holds, you know, over half of the mining power,
Speaker 1: they could attack the network whenever they wanted, and blah
Speaker 1: blah blah, and and the truth was, yeah, China did
Speaker 1: have sixty of the bitcoin mining power. It was starting
Speaker 1: to go down, fifty of the mining power, etcetera. They
Speaker 1: did have that, and they could have done just like gold,
Speaker 1: where they said, hey, um, any any bitcoin that you
Speaker 1: mine in China? Gets sold to us, you can't take
Speaker 1: it out of the country. They could done it, and
Speaker 1: they could have become the largest They could have controlled
Speaker 1: the bitcoin network. The miners don't control the network, but
Speaker 1: they could have become a big holder of bitcoin, like
Speaker 1: they're a big holder of gold. So just like holding
Speaker 1: a bunch of gold doesn't mean you control the gold supply,
Speaker 1: holding a munch a bitcoin does the mean you control
Speaker 1: the bitcoin supply either. But just like they accumulated the
Speaker 1: most gold um, they could have also accumulated the most bitcoin,
Speaker 1: but they didn't. In May of this year, they decided
Speaker 1: to ban all bitcoin mineing and they kicked all the
Speaker 1: bitcoin miners out of their country. So they had the edge,
Speaker 1: they had the lead, and they decided by themselves to
Speaker 1: get rid of it shoot themselves in the foot. And
Speaker 1: I am calling that the second fatal mistake. They've spent
Speaker 1: a hundred years trying to recover from their silver mistake,
Speaker 1: and they finally accumulated enough gold to win. But guess what,
Speaker 1: the whole worlds, the whole world switching from golden The
Speaker 1: whole world doesn't want gold anymore. JP Morgan City Bank
Speaker 1: both put out guidance. They said that they believed that
Speaker 1: bitcoin will overtake gold, that's the new race. But China, Nope, nope, nope,
Speaker 1: We're gonna when the whole world going to a bitcoin stand,
Speaker 1: China is gonna hang onto gold. Sound familiar, right, their
Speaker 1: second fatal mistake. But it's been a big beneficiary for
Speaker 1: some other countries, include the United States. So most of
Speaker 1: those miners that left China found their way to both
Speaker 1: Eastern Europe like Kazakhstan, and into the United States, into
Speaker 1: Texas because of course Texas has massive amounts of cheap
Speaker 1: amount of energy. And the United States is now the
Speaker 1: largest center for bitcoin mining in the world, which is amazing.
Speaker 1: It's also good for bitcoin because it's become more decentralized.
Speaker 1: So even though the United States is the largest bitcoin
Speaker 1: mining country in the world, it actually only has I
Speaker 1: think a little bit more than about a third of
Speaker 1: the bitcoin mining power, so we're China had over half,
Speaker 1: the US has about a third, but it's still the
Speaker 1: biggest country beneficiary, which is great. But I still don't
Speaker 1: know if the United States is going to benefit from this,
Speaker 1: and I think some smaller countries like El Savador are
Speaker 1: actually showing us the way and are going to reset
Speaker 1: the stage in this global arbitrage, this game of global
Speaker 1: che us. If you will, you're listening to the Mark
Speaker 1: mo Show talking about bitcoin, talking about cryptocurrency, is talking
Speaker 1: about the decentralized revolution, and we're talking about the way
Speaker 1: the world is going to get reshaped. This is gonna
Speaker 1: be big. I'll be right back, all right, welcome back.
Speaker 1: You are listening to the markma Show, and we are
Speaker 1: talking about bitcoin and cryptocurrencies and the decentralized revolution that
Speaker 1: we are witnessing, and we're talking about how the global stage,
Speaker 1: the geopolitical stage, is being changed. If you're just joining in,
Speaker 1: you've missed a lot, so don't miss again. Pull up
Speaker 1: your phone and put a reminder. Make sure to join
Speaker 1: me on this channel this time each and every week.
Speaker 1: It's gonna be the most important, most profitable time of
Speaker 1: your week. I'd like to say I can guarantee you that,
Speaker 1: but um you know, knowledge is power only if it's actionable,
Speaker 1: so you gotta take action on it, otherwise it could
Speaker 1: be useless. But um, I talked about how UM China
Speaker 1: to tell the story of China. We talked about how
Speaker 1: they made the fatal mistake getting rid of bitcoin mining um,
Speaker 1: and I'm talking about how the United States has become
Speaker 1: the big beneficiary of this. UM. They have now become
Speaker 1: the number one bitcoin mining country in the world, which
Speaker 1: is great. It's also great for the bitcoin network because
Speaker 1: it's become more decentralized. UM. We're China had over fift
Speaker 1: the bitcoin mining power. Now we see in the United
Speaker 1: States only holds even though it's the biggest in the world,
Speaker 1: it only holds about so it's become much more decentralized,
Speaker 1: which is really good. I'm not quite sure where the
Speaker 1: United States is going to go with this though, I think, UM,
Speaker 1: at this point, I've talked about a lot. I'm not
Speaker 1: gonna dig into super deep here. I think at this point, UM,
Speaker 1: the United States will not it's not going to make
Speaker 1: bitcoin illegal. It's not gonna do it. I mean, we've
Speaker 1: been told that the head of the SEC, Gary Ginsler,
Speaker 1: said that the head of the Federal Reserved m Jerome
Speaker 1: pal said that they will not make it illegal. We
Speaker 1: have banks now uh US Bank, JP, Morgan Goldman, Sachs
Speaker 1: All holding bitcoin. We have fifty million Americans poin bitcoin.
Speaker 1: We have an e t F now AHF with billions
Speaker 1: of dollars holding bitcoin. Um, this is not gonna happen
Speaker 1: at this point. UM, so that that that ship sale.
Speaker 1: But the one thing that bothers me is that on
Speaker 1: the United States is in a very dangerous path to
Speaker 1: eliminate our energy sources, a very very very scary and
Speaker 1: dangerous path. I'm not gonna go super deep into that, UM,
Speaker 1: if you're if you're interested to know more about the
Speaker 1: energy crisis that's actually plaguing the world right now this
Speaker 1: very second, all throughout Europe and the United States, which
Speaker 1: is going to lead to all kinds of shortages, include
Speaker 1: food shortages. It's happening in China, everywhere. UM. I have
Speaker 1: a whole like thirty minute video on this on my
Speaker 1: YouTube channel is Mark Moss, where I have the charts
Speaker 1: and graphs and stuff stuff I can't really show you
Speaker 1: on the radio here. But just the United States in
Speaker 1: this dangerous path to um get rid of their energy.
Speaker 1: And you know when Biden took off of some of
Speaker 1: the first things that he did was just shut down
Speaker 1: oil pipeline, shutdown new drillings, shutdown all this stuff. And
Speaker 1: the United States has become a big beneficiary of bitcoin
Speaker 1: mining because of the energy that we have mostly in Texas,
Speaker 1: and so um, what's become a big opportunity. You know,
Speaker 1: we have to see will they continue to foster it. Now.
Speaker 1: I think bitcoin is American as apple pie. Bitcoin represents choice,
Speaker 1: it represents freedom, it represents sovereignty, it represents individualism, it
Speaker 1: represents America through and through, and I hope that America
Speaker 1: will will welcome it with open arms. UM. In the
Speaker 1: last two weeks we saw UM there was actually a
Speaker 1: big bitcoin mining meetings down in Texas. We saw some
Speaker 1: of the politicians, including Ted Cruz down there talking about
Speaker 1: how they want to make UM Texas, you know, the
Speaker 1: bitcoin capital, and so it's going in the right direction.
Speaker 1: And I hope, I hope that, you know, the Nited
Speaker 1: States will continue to embrace that. But then on the
Speaker 1: flip side, we have a small country like El Savador
Speaker 1: and uh, you're probably aware by now that El Salvador
Speaker 1: made bitcoin legal tender back in September. And you know,
Speaker 1: El Savador uses the dollar, the United States dollar, and
Speaker 1: what happens is the Nie States dollar. You know, we're
Speaker 1: in the United States were having massive inflation. We're seeing
Speaker 1: prices going up like crazy everywhere. Gas lines up, lumber
Speaker 1: went up, New homes are up, use cars were up.
Speaker 1: I mean, our prices are going up like crazy, steaks
Speaker 1: up double UM. But if you think that's bad, you
Speaker 1: should see what happens in other countries. Right The United
Speaker 1: States ship because we because we have the reserve currency here,
Speaker 1: we ship the inflation offshore. And the other countries are
Speaker 1: really really impacted by this. And so a country like
Speaker 1: Al Salvador, you know, they're stuck. They're stuck dealing with
Speaker 1: the inflation and stuck on the ost dollar. But the
Speaker 1: other problem is that UM. Most other countries, they deal
Speaker 1: with a lot of remittances, and so people leave and
Speaker 1: leave and go to abroad and they send money home
Speaker 1: and that's very slow and very expensive, very time consuming.
Speaker 1: I'm not gonna go into all the details of that UM,
Speaker 1: but UM bitcoin has changed all of that for them,
Speaker 1: and so they're embracing it. Millions of people now are
Speaker 1: using it to have money sent to them from overseas
Speaker 1: instantaneous and free, directly from their house, without having to
Speaker 1: gotten a bus and right five hours to get the
Speaker 1: money UM and so so Al Salvagre has really been
Speaker 1: embracing this. And there's a couple of things that have happened.
Speaker 1: So one like I said, that happened about a month ago, um,
Speaker 1: September seven, and um El Salvador Baugh, I think they
Speaker 1: said four hundred bitcoin and two separate purchases. And then
Speaker 1: what they did is they sent that bitcoin out to
Speaker 1: all their people. So if you downloaded the bitcoin app
Speaker 1: and you live in El Salvador, you're gonna get thirty
Speaker 1: dollars in bitcoin. And that was cool. Um since that time,
Speaker 1: I think at that time September seven, the price of
Speaker 1: bitcoin was around I don't know, fifty thousand dollars, ish
Speaker 1: at fifty dollars. So if those people held onto their bitcoin,
Speaker 1: they've done pretty good for themselves. They've they've come up
Speaker 1: pretty well, and the government itself has come up pretty well.
Speaker 1: And so that that's really big news. But but the
Speaker 1: El Salvador continues to dig into this, being the first
Speaker 1: country to put it on their balance sheet, to actually
Speaker 1: hold their reserves in bitcoin. Um, they've seen their their
Speaker 1: reserves go up in value. Now the United States reserves
Speaker 1: go down. Well, when we don't have any reserves, all
Speaker 1: we do is live off debt, right, the United States
Speaker 1: lives off debt, So they also seen that go up
Speaker 1: but then we saw UM as the price has been dipping.
Speaker 1: El Salvador has been buying the dip and they continue
Speaker 1: to buy the dip. On September they bought UM another
Speaker 1: I think anywhere from five to seven d bitcoin worth
Speaker 1: at forty two dollars at that time, so they bought in.
Speaker 1: They did at forty two thousand, and again it's at
Speaker 1: sixty thousand right now this weekend, so they made even
Speaker 1: more money. They turned their reserves, they increased their reserves
Speaker 1: pretty big UM, and now they hold over eleven hundred bitcoin,
Speaker 1: almost seventy million dollars a bitcoin they're sitting on right now,
Speaker 1: and I think that's amazing, not not just for the country,
Speaker 1: but also for the people who also held on to
Speaker 1: that bitcoin they got for free. UM. It's pretty good.
Speaker 1: And then what El Salvador is doing is they have
Speaker 1: you know, the wealth of a nation has typically been
Speaker 1: with the natural resources that they have UM, and El
Speaker 1: Savare doesn't really have a lot of for resources. They
Speaker 1: got out a volcano, they got coconuts. It's not worth
Speaker 1: a lot UM, but now they're using that volcano to
Speaker 1: create electricity and using that electricity to make even more bitcoin.
Speaker 1: To mind, bitcoin, and so they're all in and they're
Speaker 1: really benefiting from this big time, and the world is
Speaker 1: watching this experiment. We're watching this go down now. A
Speaker 1: bunch of other essential American countries are trying to get
Speaker 1: on board with this. Right now, if there's five other
Speaker 1: countries that are trying to jump on this, and we'll
Speaker 1: see how that plays out. But we're literally watching global
Speaker 1: governments compete in real time. China making a second fatal
Speaker 1: mistake instead of holding on the gold that instead of
Speaker 1: holding moving to gold, they hold on the silver they
Speaker 1: lost out UM. Now they're the largest gold holders UM,
Speaker 1: but instead of embracing bitcoin when they had the lead,
Speaker 1: they got rid of it to hold gold. I think
Speaker 1: that's their second fatal mistake. The US became the big
Speaker 1: beneficiary and is at a point where if we want,
Speaker 1: we have the lead, if the United States once they
Speaker 1: can become the largest country in the world with it
Speaker 1: UM and it's like I said, Americans apple pie and
Speaker 1: they should UM and we'll see what happens with that UM.
Speaker 1: But in the meantime, we have some of these smaller
Speaker 1: companies that countries that don't have much to lose, like
Speaker 1: Al Savador, who are literally UM winning at the game
Speaker 1: of adoption. In the whole world is watching and waiting,
Speaker 1: and I think this is going to be very interesting
Speaker 1: to see what happens as this plays out. My guess
Speaker 1: is that El Salvador becomes a huge success UM and
Speaker 1: other countries are forced to follow suit. We've seen this
Speaker 1: from the I m F. The I m F is,
Speaker 1: of course, the central bank above all central banks, and
Speaker 1: they are now coming to the table to play ball
Speaker 1: with El Savador, and I think it's gonna open up
Speaker 1: the door for other countries to use it. UM. But
Speaker 1: the I m F isn't all rosy on bitcoin. As
Speaker 1: a matter of fact, there were some quotes they put
Speaker 1: out this week that are that are a little scary. UM.
Speaker 1: I think they're trying to hang under their power, their grip.
Speaker 1: So I want to tell you exactly what they said
Speaker 1: because I want to. I want to. I'm gonna quote
Speaker 1: it because I want you to hear directly from them,
Speaker 1: because it's kind of scary if you hear what they're
Speaker 1: trying to say, and it might bring some of this
Speaker 1: more into clarity for you, at least if you're trying
Speaker 1: to navigate, you know what's gonna happen with this globe
Speaker 1: will shake up. By the way, you're listening to the
Speaker 1: Mark Mass Show where I'm bringing to you the latest
Speaker 1: information on bitcoin and cryptocurrencies and this decentralized revolution what
Speaker 1: I'm calling the biggest opportunity that you'll ever have in
Speaker 1: your lifetime. This is not a new technology. This is
Speaker 1: a technological revolution. The difference is the technology is cool.
Speaker 1: It increases, you know, the quality of our life. Maybe
Speaker 1: a technological revolution changes the way humanity works. It drives
Speaker 1: financial markets, and that's exactly what we're witnessing. And of course, um,
Speaker 1: a lot of people don't understand it, which is rightfully so.
Speaker 1: But I'm going to explain to you listening to the
Speaker 1: Markmas Show. I'll be right back. All right, welcome back.
Speaker 1: You are joining the Mark Mass Show when we are
Speaker 1: talking about bitcoin and cryptocurrencies and the decentralized revolution, and
Speaker 1: I'm trying to help you navigate this correctly. I do
Speaker 1: not want you to miss out on what this is.
Speaker 1: Most likely, whatever you heard or what information you have,
Speaker 1: it's probably wrong. And the problem with having wrong information
Speaker 1: is it just messes up your opportunity. Right, Um, you
Speaker 1: could over allocate, over invest you could under allocate, under
Speaker 1: invest whatever happens. With the wrong information, you can't make
Speaker 1: the right decisions. And so I'm trying to bring to
Speaker 1: you the right information so you can make the right decision,
Speaker 1: so you can navigate this giant opportunity the right way,
Speaker 1: the best way. And so that's what I bring to
Speaker 1: you each and every week. Make sure to set a
Speaker 1: reminder on your phone for this channel at this time
Speaker 1: and join me each and every week. And of course
Speaker 1: hit me up on social media. One Mark Boss. That's
Speaker 1: one Mark Boss. That's that's the number one on Twitter, Instagram,
Speaker 1: you can find me, send me a message, tell me
Speaker 1: you heard me on the show. Asked me a question,
Speaker 1: and make sure to answer it. And we're talking about
Speaker 1: this global shake up that's happening. I believe that the
Speaker 1: global stage is being rewritten. We talked about China being
Speaker 1: the superpower, making a second fatal mistake and losing their
Speaker 1: position in the world. Again. We talked about the United
Speaker 1: States is a big beneficiary of that and has the
Speaker 1: opportunity now to step up and take advantage of this.
Speaker 1: Will they will they not? Will find out, And then
Speaker 1: we talked about El Salvador, a small little country that
Speaker 1: is embracing it huge uh, the right way in my opinion,
Speaker 1: and they are coming out on top and it's gonna
Speaker 1: be really interesting to see play out. Of course, I
Speaker 1: talked about how competition is what I believe will break
Speaker 1: the trend that we are sliding into into authoritarianism, and
Speaker 1: so I'm excited to see this play out on this
Speaker 1: on this global stage. Now. Um, we talked about those
Speaker 1: three variables. I want to I want to jump a
Speaker 1: level higher now. So each country has their own central bank, um,
Speaker 1: and above each country central bank is the I m
Speaker 1: F and the World Bank. And that's like the central
Speaker 1: bank above central banks. And so the I m F
Speaker 1: kind of tries to does kind of does set policy
Speaker 1: for the central banks in each country and and um,
Speaker 1: you know they've basically been trying to control what else
Speaker 1: salvad Or does with their bitcoin. And if we look
Speaker 1: at like an article from the I m F, it
Speaker 1: says that their mandates, they have a mandate, this is
Speaker 1: their order, this is what they have to do, and
Speaker 1: it says quote the I m F promotes monetary cooperation
Speaker 1: and provides policy advice and capacity development UH support to
Speaker 1: preserve global macroeconomic and financial stability and help countries build
Speaker 1: and maintain strong economies. Okay, that's quote UM, so to
Speaker 1: to to simplify this. Basically, what they're saying is that, Um,
Speaker 1: what they're trying to do is they're trying to influence
Speaker 1: global markets. They're trying to influence them so that they
Speaker 1: continue to um, preserve financial stability. And they do this
Speaker 1: with obviously having lots of control. And how do they
Speaker 1: have that control um or centralization. Well, they do it
Speaker 1: with money, with loans, right, and they issue loans to
Speaker 1: these countries. Um. How do they get those loans, Well,
Speaker 1: they get those they get the money from their member
Speaker 1: states countries like the United States, a whole bunch of
Speaker 1: rich people basically, So, a whole bunch of rich people
Speaker 1: basically influenced the entire globes monetary policy. And of course
Speaker 1: this is not conspiracy as a public information, it's easy
Speaker 1: to find out. UM. And they're trying to maintain the
Speaker 1: status quo, right, that's what they're trying to do. And
Speaker 1: so you know they don't like something like bitcoin because
Speaker 1: Bitcoin is out of their control. Bitcoin is not in
Speaker 1: the status quo UM. And so they're trying to maintain
Speaker 1: their power as a matter of fact, previous head of
Speaker 1: the I m F was Christine Legarde, who is a
Speaker 1: UM convicted criminal. Um. She didn't lose her powers a
Speaker 1: matter of actually got promoted. She's now head of the ECB,
Speaker 1: the European Central Bank. Um. Go ahead and look it up.
Speaker 1: You can find she was convicted. UM. And basically she said,
Speaker 1: and I'll quote her, she said that innovation, so something new, right, innovation,
Speaker 1: something new like bitcoin, innovation is a threat to our
Speaker 1: financial stability. That's when she was with the I m F. Well,
Speaker 1: what what she's actually saying is that innovation is a
Speaker 1: threat to our financial monopoly. Right, it's a threat to
Speaker 1: our status quo. But she says, a threat to our stability.
Speaker 1: So whenever they say, going back to their quote, I said,
Speaker 1: I said, uh, provide advice and capacity development support to
Speaker 1: preserve global macroeconomic and financial stability. So what they're saying
Speaker 1: is uh, their grip, right, there's their status quo, and
Speaker 1: so they're trying to maintain that. They're trying to hold
Speaker 1: onto that. But Bitcoin fixes this, like bitcoin fixes everything.
Speaker 1: I like to say that, I'm not the only one
Speaker 1: that says it. In bitcoin world, we say it, that
Speaker 1: fix the money fix the world, and bitcoin is offering
Speaker 1: a country like El Salvador, or people in the United
Speaker 1: States or anybody else who wants to embrace it a
Speaker 1: way to hold their wealth, whole, their value, store it
Speaker 1: in a way that can't be inflated away, it can't
Speaker 1: be stolen. So when a country like the United States,
Speaker 1: the Federal Reserve or the I m F creates more money,
Speaker 1: it dilutes all the existing money. So right now you think, shoot,
Speaker 1: home prices are going higher and higher and higher, that's
Speaker 1: a good investment. Um cars are getting more expensive, foods
Speaker 1: getting more expensive. No, it's not that it's getting more expensive.
Speaker 1: It's the dollars that you have are worth less, and
Speaker 1: so they buy less and less and less. So when
Speaker 1: they print more money, they're literally stealing your money. Now,
Speaker 1: if you had a hundred dollars in the bank, you
Speaker 1: still have a hundred dollars in the bank. You still
Speaker 1: have the same amount of dollars, but the amount of
Speaker 1: goods and services that those dollars will buy is less,
Speaker 1: and it's less because they printed more. So they're literally
Speaker 1: stealing wealth from your stealing value from you. And so
Speaker 1: bitcoin allows us to hold our wealth and our value
Speaker 1: in a way that can't be seized. It can't be
Speaker 1: inflated away, it can't be stolen. UM. The I R
Speaker 1: S the government can't freeze your account. They can't seize
Speaker 1: your account. Um, they can't do that. And so the
Speaker 1: I M f UM, which you know, settles these issues
Speaker 1: between nation states. They need to be able to UM
Speaker 1: create this money out of thin air. They win. They
Speaker 1: I mean, where do they get the money from. It's
Speaker 1: not in their savings account. They create a loan and
Speaker 1: they're basically creating that money out of thin air. They're
Speaker 1: debasing the currency right just like the Federal Reserve does.
Speaker 1: And they need to have that because that is their control.
Speaker 1: If I can create money out of thin air and
Speaker 1: give it to you and force you to do something
Speaker 1: that I want, then of course I have the control
Speaker 1: over you. But if we move to a system that
Speaker 1: they can't control, like bitcoin, that they can't print more of,
Speaker 1: they can't create more out of thin air, and guess
Speaker 1: what happens. They lose that grip. They lose their ability
Speaker 1: to maintain financial stability as they call it, or as
Speaker 1: we call it, their financial grip, their financial monopoly, which
Speaker 1: is exactly what we want. What we want is we
Speaker 1: need to take humans. We need to take mankind humans
Speaker 1: out of the equation. Unfortunately, some people just want to
Speaker 1: manipulate things. And so as long as you have humans
Speaker 1: that run the money supply, the monetary supply, they're gonna
Speaker 1: try to cheat. They're gonna try to get something for nothing.
Speaker 1: If you could print yourself money, you probably would, and
Speaker 1: so um by recognizing that, we need to come to
Speaker 1: a system that can't be controlled, and that's what bitcoin is.
Speaker 1: That's what bitcoin represents. It's a system that cannot be controlled.
Speaker 1: Nobody can create more bitcoin. And so a lot of
Speaker 1: people think that bitcoin isn't fair because people had an
Speaker 1: unfair advantage. You bought it today, but some poor people
Speaker 1: won't build to buy it until later in the future.
Speaker 1: But that's not the definition of fairness, right, everyone has
Speaker 1: a chance to earn bitcoin equally. That's fair. What's what
Speaker 1: what's fair about it is that nobody can create more
Speaker 1: of it on their own. The fiat money system that
Speaker 1: we have today that the I m F is trying
Speaker 1: to preserve is a system where they have an unfairness,
Speaker 1: where they can create money for themselves and they can
Speaker 1: give it to their friends, and they have an unfair advantage.
Speaker 1: That is the problem, and that's exactly what bitcoin replaces,
Speaker 1: replaces that legacy system where the I M F or
Speaker 1: any central bank has a grip. So Christine Legard is right,
Speaker 1: it does threaten their financial stability, or again, in my words,
Speaker 1: it threatens threatens their financial monopoly. And that's what we want.
Speaker 1: A new system, a fair system that can't be controlled,
Speaker 1: that can't be manipulated, where you can hold your wealth
Speaker 1: in a sovereign way, a portable way where you can
Speaker 1: take it with you anywhere. And that's exactly what's happening.
Speaker 1: That's why El Salvador is moving to it, getting off
Speaker 1: of the off of the dollar standard. That's why corporations
Speaker 1: like micro Strategy are doing it, That's why nation states
Speaker 1: are doing it like El Salvadoor. That's why I'm doing it,
Speaker 1: and maybe you will too. You're listening to the Mark
Speaker 1: Moas Show. I'm trying to bring to you the latest
Speaker 1: information on bitcoin and cryptocurrencies in this entire decentralized revolution
Speaker 1: that's happening because it's literally going to change the way
Speaker 1: humanity works in every area. We're talking about the money today,
Speaker 1: we can talk about some more parts next week, hopefully
Speaker 1: you join me. But it's going to change everything. It's
Speaker 1: literally taken away the oldest problem that mankind has ever had,
Speaker 1: which is going to have a massive, massive implications in
Speaker 1: the future. And if you join me ea and every
Speaker 1: week you're gonna have the information you need to navigate
Speaker 1: this correctly. Again, this is the Mark Mo Show. Thank you.