WEBVTT - This is THE MOST Important Situation in The World Right Now 0:00:00.040 --> 0:00:03.360 Hello, and welcome to another episode of The Marquis Show. 0:00:03.600 --> 0:00:05.480 When we talk about each and every week, we talked 0:00:05.519 --> 0:00:08.520 about the way the world is changing. Of course, we 0:00:08.560 --> 0:00:13.000 talk about the technological revolution, the decentralized revolution as I 0:00:13.039 --> 0:00:15.120 like to call it. As we're witnessing the world change 0:00:15.360 --> 0:00:19.640 through the lens of politics, finance, and technology, and the 0:00:19.680 --> 0:00:21.640 world of finance. I mean, all three of these are 0:00:21.680 --> 0:00:24.599 changing rapidly. Of course they all affect each other. But 0:00:24.760 --> 0:00:29.600 we are witnessing something going on this week, something massive, 0:00:29.720 --> 0:00:32.360 something for the history books. As a matter of fact, 0:00:32.360 --> 0:00:34.640 history books will be written about this point in time 0:00:34.960 --> 0:00:39.160 exactly what's going on. And I am talking about one 0:00:39.240 --> 0:00:43.400 of the biggest banks in the world, a sovereign bank, 0:00:43.800 --> 0:00:47.640 the Bank of England, has broke. That's a big deal. 0:00:48.159 --> 0:00:51.279 This is a really big deal. We are witnessing central 0:00:51.320 --> 0:00:54.720 banks around the world breaking. We're not talking about, you know, 0:00:54.840 --> 0:00:58.640 in two thousand and eight during the Great Financial Crash 0:00:58.920 --> 0:01:02.400 when the investment banks were down. We're talking about sovereign banks, 0:01:02.680 --> 0:01:05.760 in national banks, central banks, and they are breaking. So 0:01:05.760 --> 0:01:08.160 we want to talk about that. The way the financial 0:01:08.200 --> 0:01:11.920 system is changing. Obviously the political side that's scrambling, and 0:01:11.959 --> 0:01:14.440 of course the technology that's sitting there waiting in the 0:01:14.440 --> 0:01:18.160 winds uh and appears to be ready to move into 0:01:18.200 --> 0:01:20.520 prime time. And of course we are talking about bitcoin, 0:01:21.240 --> 0:01:22.920 and so we're gonna break all of this down. I 0:01:22.959 --> 0:01:25.400 want to break down exactly what's going on with the 0:01:25.440 --> 0:01:28.560 Bank of England, what happened, how the contagion is spreading 0:01:28.560 --> 0:01:31.039 to all the other central banks. I want to go 0:01:31.080 --> 0:01:33.320 back through some of the history of money so you 0:01:33.360 --> 0:01:37.400 can understand exactly how this works and why this is happening, 0:01:37.680 --> 0:01:40.200 of course, and then we'll get back into the currency 0:01:40.240 --> 0:01:42.640 wars that are happening now between all the banks, the 0:01:42.720 --> 0:01:46.760 danger that we're witnessing in China, Japan, the UK, of 0:01:46.800 --> 0:01:50.880 course in the United States. And we'll talk about bitcoin. 0:01:51.080 --> 0:01:54.880 Is it ready to um make its prime time appearance? 0:01:54.920 --> 0:01:58.720 Could it be a recipient or a beneficiary of all 0:01:58.720 --> 0:02:00.440 of this? And so we've got a lot cover. We're 0:02:00.440 --> 0:02:03.080 gonna get through all this today, hopefully if I can 0:02:03.080 --> 0:02:05.040 talk fast enough. So if you're just tuning in, you're 0:02:05.040 --> 0:02:07.640 listening to the Markmas Show, and we are digging into it. So, 0:02:07.960 --> 0:02:11.600 like I said, the big news, the Bank of England 0:02:11.639 --> 0:02:14.440 has broke. Now the Bank of England's broke before. As 0:02:14.480 --> 0:02:20.560 a matter of fact, everybody's favorite government overthrower, George Soros, 0:02:20.680 --> 0:02:23.720 he got famously rich from breaking the Bank of England 0:02:23.960 --> 0:02:26.080 in a single day, making a billion dollars in a 0:02:26.120 --> 0:02:30.480 single day. And you know, central banks they're destined to fail. 0:02:31.040 --> 0:02:34.480 You can't create money from thin air. Just doesn't work. Now, 0:02:34.520 --> 0:02:37.240 it does for a long enough period of time until 0:02:37.280 --> 0:02:41.320 it distorts things so bad that then they get inevitably 0:02:41.360 --> 0:02:44.119 so bad that they break. And that's kind of where 0:02:44.120 --> 0:02:46.639 we're at. We saw the Bank of England break. Now, um, 0:02:47.240 --> 0:02:49.760 the UK still there, the Bank of England still there, 0:02:50.200 --> 0:02:53.280 but they have Basically, it's like if you're playing a 0:02:53.280 --> 0:02:55.720 game of poker. They've put it all in. All chips 0:02:55.720 --> 0:02:59.840 are in, and if they're not able to hold the 0:03:00.040 --> 0:03:02.560 US up right now, which I don't think they'll be 0:03:02.600 --> 0:03:07.160 able to, then all trust is gone and they're going 0:03:07.240 --> 0:03:10.399 to disappear. That's why they've had to put all chips in. 0:03:10.480 --> 0:03:13.920 So let's talk about that for a little bit and 0:03:13.960 --> 0:03:16.760 then we'll get into how this works. Like I said, 0:03:16.800 --> 0:03:18.400 I want to go through some of the history, but 0:03:18.760 --> 0:03:21.280 real fast, let's just talk about the history a little 0:03:21.280 --> 0:03:23.440 bit so you can understand this I'd like to talk 0:03:23.440 --> 0:03:26.440 about it from a from a first principle's level. We 0:03:26.480 --> 0:03:29.520 can break this down simply where you can understand it. Um, 0:03:29.639 --> 0:03:31.640 then you can understand it, and it's more complex. But 0:03:31.639 --> 0:03:33.480 if you try to understand it, it's more complex. It's 0:03:33.600 --> 0:03:36.560 it's very difficult to understand. And so um central banks, 0:03:36.920 --> 0:03:40.280 the Bank of England being the first central bank that 0:03:40.320 --> 0:03:43.120 was creating the late sixteen hundreds. Now, UM, there's a 0:03:43.160 --> 0:03:45.720 great book. I believe it was written by Murray Rothbart. 0:03:46.040 --> 0:03:48.160 You can find it on mesas dot org for free. 0:03:48.520 --> 0:03:53.400 It's the Mystery of Central Banking. Great book, highly recommended. 0:03:53.440 --> 0:03:56.240 When I repeat it again, Mystery of Central Banking. You 0:03:56.280 --> 0:03:59.160 go to mesas dot org, m I s ees dot org. 0:03:59.200 --> 0:04:00.680 You can download it for free. Of course you can 0:04:00.720 --> 0:04:03.440 buy it as well. You can download the PDF version 0:04:03.520 --> 0:04:05.120 or or buy the physical book to be sent to 0:04:05.160 --> 0:04:07.720 your house. Um. And so in in that book they 0:04:07.840 --> 0:04:10.360 really document how this was put together. And so let 0:04:10.400 --> 0:04:15.800 me just give you this first. Actually, um, yeah, let's 0:04:15.960 --> 0:04:17.920 let's go back a little bit further. Let's go back 0:04:17.920 --> 0:04:21.120 to let's let's go back, let's go back a thousand 0:04:21.240 --> 0:04:23.040 years and then well then we'll jump to the creation 0:04:23.040 --> 0:04:26.640 of the Bank of England. That's breaking right now. So 0:04:26.920 --> 0:04:30.560 if we go back in time, gold has been money 0:04:30.600 --> 0:04:34.359 for most of recorded history. Of course, before money, before 0:04:34.240 --> 0:04:36.560 there was a medium of exchange, we just had barter. 0:04:36.720 --> 0:04:39.440 So we'd trade uh, you know, food, things like that. 0:04:39.480 --> 0:04:41.640 We trade a cow for a chicken, we'd trade clothes 0:04:41.640 --> 0:04:44.000 for wood, things like that. Since we had barter, of course, 0:04:44.000 --> 0:04:46.520 that's very inefficient and it only works in very small, 0:04:46.600 --> 0:04:50.640 localized economies, and so we needed a price for things, 0:04:50.800 --> 0:04:53.320 and we needed to have this medium of exchange that 0:04:53.400 --> 0:04:56.200 could communicate this price. And so it'll allow us to 0:04:56.360 --> 0:05:00.920 have this trade. Media's exchange are emergent. And so if 0:05:00.920 --> 0:05:02.800 you don't want my chicken, my goat, um, I would 0:05:02.920 --> 0:05:05.799 my clothes? Um? Then would you take this other thing instead? 0:05:05.839 --> 0:05:08.000 And this became a medium of exchange. It's not it's 0:05:08.000 --> 0:05:10.640 not the thing I wanted, but it allows me to 0:05:11.400 --> 0:05:13.520 um use that to get what I do want. So 0:05:13.600 --> 0:05:17.320 I like to say, um, it's it's very controversial that 0:05:17.960 --> 0:05:21.200 you don't want money, and people go, what what do 0:05:21.200 --> 0:05:22.440 you who do you mean? Of course I want money. 0:05:22.440 --> 0:05:23.919 I want as much money as I can get. No, 0:05:24.040 --> 0:05:26.920 you don't. What you want is the things that money 0:05:27.000 --> 0:05:29.880 will buy you, that's what you want. Money allows us 0:05:29.920 --> 0:05:33.440 to park our our value are stored up energy until 0:05:33.520 --> 0:05:35.760 such a time we're ready to deploy that to get 0:05:35.839 --> 0:05:38.040 actually what it is that we want, which is a vacation, 0:05:38.400 --> 0:05:41.560 a dinner out, a new car, new clothes, etcetera. And 0:05:41.600 --> 0:05:44.040 so what we want is the things, but that medium 0:05:44.040 --> 0:05:46.960 exchange allows us to get all of those things or 0:05:47.000 --> 0:05:48.880 like I said, store our energy until we're ready to 0:05:48.920 --> 0:05:51.480 do that. Now, Um, what we use is as this 0:05:51.520 --> 0:05:55.920 medium exchange has evolved, and it's been feathers and seashells 0:05:55.920 --> 0:05:59.520 and rocks and all types of things. In gold became 0:05:59.560 --> 0:06:02.520 the best medium exchange. But before gold became a media exchange, 0:06:03.040 --> 0:06:07.039 we had lots of things. Um. And really what happened 0:06:07.080 --> 0:06:10.279 is we saw all of these different media exchange. Barley 0:06:10.640 --> 0:06:14.240 was one medium exchange that worked for a really long time. Um, 0:06:14.279 --> 0:06:16.640 and then we started getting coins and so then there 0:06:16.680 --> 0:06:20.640 was a new technology. Remember it's always technology that changes 0:06:20.680 --> 0:06:23.520 the world through thousands of years of history, it's always technology, 0:06:23.520 --> 0:06:25.320 which is why we look at the world changing through 0:06:25.360 --> 0:06:30.640 three lenses, political, financial, and technological. Now, um, this technology 0:06:30.680 --> 0:06:34.719 that was created was coins, and so we could take medals. 0:06:34.760 --> 0:06:36.680 We could take copper, we could take a gold, we 0:06:36.720 --> 0:06:38.920 could take solver, and we could make coins out of them. 0:06:38.960 --> 0:06:41.520 Now this became a good medium exchange. The problem is 0:06:41.760 --> 0:06:44.360 is who made the coin and how pure is the 0:06:44.400 --> 0:06:46.480 coin and do we recognize it? So it still worked 0:06:46.600 --> 0:06:50.960 in a very regional location, in a in a regional area, 0:06:51.600 --> 0:06:55.159 obviously some people had more access to these medals than 0:06:55.240 --> 0:06:58.080 other areas did, which then allowed them to have more 0:06:58.120 --> 0:07:00.720 wealth because they could print more of these coins. Um. 0:07:00.760 --> 0:07:04.080 But that was a technological revolution, a technological breakthrough that 0:07:04.120 --> 0:07:07.920 really happened and allowed global trade to speed up. Now, 0:07:08.600 --> 0:07:10.560 the thing that's important to understand, and we're gonna come 0:07:10.560 --> 0:07:12.840 back to this theme over and over and over, is 0:07:12.880 --> 0:07:18.000 that as the money supply increases, so does the rest 0:07:18.040 --> 0:07:24.280 of the economy. So if there's more um, whatever, gold, silver, whatever, 0:07:24.320 --> 0:07:27.440 coins to go around, then more people will go out 0:07:27.480 --> 0:07:29.400 and do more things. I'll make more clothes, I'll make 0:07:29.440 --> 0:07:32.360 more food, I'll build more houses because there's more money 0:07:32.480 --> 0:07:35.720 to go around. So as the money supply increases UM, 0:07:35.840 --> 0:07:39.480 so do typically the economic output of that area as well. 0:07:39.520 --> 0:07:44.640 But it also increases inflation. That means the prices going up, 0:07:44.960 --> 0:07:48.400 so you Remember, we don't want money. What we want 0:07:48.520 --> 0:07:50.880 is the things that money buys us, the goods and services. 0:07:50.880 --> 0:07:53.320 So you would take all the goods and services. And 0:07:53.360 --> 0:07:55.800 so in a small little economy, you have some coconuts, 0:07:55.960 --> 0:07:57.960 you have some fish, and you have some guy that 0:07:58.000 --> 0:08:00.240 can help you build your hut. That's it, right. If 0:08:00.280 --> 0:08:04.360 you increase the money, then it increases the demand for 0:08:04.520 --> 0:08:06.280 those things, the coconut, the fish, and the guy that 0:08:06.320 --> 0:08:08.720 can build the hut, and so all aso. More money 0:08:08.840 --> 0:08:11.720 creates more demand. But we didn't increase the amount of 0:08:11.760 --> 0:08:14.320 fish or the coconuts or the guys that can build 0:08:14.320 --> 0:08:16.760 the houses, and so it pushes the prices of those 0:08:16.800 --> 0:08:21.520 things up. More money equals more demand equals prices going higher. 0:08:21.560 --> 0:08:23.720 All right, that makes sense. So throughout history we can 0:08:23.760 --> 0:08:26.040 revisit this over and over and over. As the money 0:08:26.080 --> 0:08:31.400 supply increases, it creates inflation. Alright, you hear about inflation 0:08:31.480 --> 0:08:33.319 all over. Now you understand a Now this work. So 0:08:33.640 --> 0:08:36.160 now that we've kind of developed that, let's jump back 0:08:36.280 --> 0:08:42.400 to about fifteen hundred eight. It's about five hundred years 0:08:42.440 --> 0:08:46.720 ago or so, and there was a big discovery that 0:08:46.960 --> 0:08:49.720 changed the world. It changed the power balance of the world. 0:08:49.840 --> 0:08:53.160 It changes the inflation of the world, and uh, it 0:08:53.520 --> 0:08:55.240 really sent the world in this direction. Before we get 0:08:55.280 --> 0:08:56.880 into that, just letting you know. If you're just tune in, 0:08:56.920 --> 0:08:59.240 you're listening to the Mark Moss Show. We're talking about 0:08:59.600 --> 0:09:01.880 the de centralized revolution, the way the world is changing 0:09:02.000 --> 0:09:04.200 right now before of our eyes. Were talking about the 0:09:04.240 --> 0:09:06.880 Bank of England just failed. And we're setting up the 0:09:06.920 --> 0:09:09.160 history so you can understand how this works, and then 0:09:09.200 --> 0:09:11.839 we'll explain what's going on and what you should be 0:09:11.880 --> 0:09:14.880 doing to prepare for it. Um So, I got a 0:09:14.880 --> 0:09:16.280 lot to cover. Hopefully we can get through all this. 0:09:16.280 --> 0:09:18.160 I'm we have to talk really really fast. You do 0:09:18.240 --> 0:09:22.000 not want to miss this, so don't go away. I'm 0:09:22.000 --> 0:09:24.400 gonna be back in just a minute. All right, welcome back. 0:09:24.440 --> 0:09:26.240 You are listening to the Mark ma Show. We're talking 0:09:26.240 --> 0:09:29.480 about the decentralized revolution, the way the world is breaking 0:09:29.520 --> 0:09:31.360 apart right before of our eyes. Of course, we look 0:09:31.360 --> 0:09:34.720 at it through the lens of politics, finance, and technology, 0:09:34.760 --> 0:09:39.720 and that technology being bitcoin, the decentralized technology, which of 0:09:39.760 --> 0:09:43.280 course changes the financial system and changes the political system. 0:09:43.600 --> 0:09:46.240 Now today we are talking about specifically, we're talking about 0:09:46.440 --> 0:09:49.920 the central banks around the world, are are failing. The 0:09:49.920 --> 0:09:53.720 Bank of England just broke this week. We're talking about history. 0:09:53.800 --> 0:09:56.720 So we're just stopping at fift hundred and so the 0:09:56.760 --> 0:09:59.040 world that we have this global trade going on, we 0:09:59.080 --> 0:10:01.640 have these coins and all of a sudden, there was 0:10:01.679 --> 0:10:06.160 a discovery in the fifteen hundreds by Spain. Spain was 0:10:06.760 --> 0:10:11.600 out across the world looking for more wealth, more riches, right, 0:10:12.120 --> 0:10:16.080 and they found it. They found a m the Spanish 0:10:16.080 --> 0:10:19.560 conquistadores um found the Inca Empire, you know, in South 0:10:19.600 --> 0:10:23.600 America in the fifteen hundreds, and they found the richest 0:10:23.840 --> 0:10:29.280 silver deposit in the world on a high mountains which 0:10:29.320 --> 0:10:34.079 is about fifteen thousand feet way up there, way up there. 0:10:34.440 --> 0:10:37.640 And the Spaniards called this the Sero Rico or the 0:10:37.760 --> 0:10:41.160 Rich Mountain, and it was over thirteen thousand feet now. 0:10:41.280 --> 0:10:45.320 Once they found that, then this mining town boomed. Um. 0:10:45.400 --> 0:10:48.280 They you know, started digging these deep holes day on, 0:10:48.559 --> 0:10:52.000 you know, enslaved the local indigenous people there, made them 0:10:52.000 --> 0:10:53.840 get all of this silver out of the ground. There 0:10:53.880 --> 0:10:55.439 was also lead in there, which of course is really 0:10:55.480 --> 0:10:57.439 bad for you. Lots of it was. It was very 0:10:57.480 --> 0:11:00.360 hazardous work, let's just call it that. But the but 0:11:00.400 --> 0:11:02.400 the Spanish were able to get all of this silver 0:11:02.480 --> 0:11:05.200 out of the ground, and it was the largest silver 0:11:05.400 --> 0:11:08.640 discovery in the world at that time. And then they 0:11:09.000 --> 0:11:11.320 took all that Spain they I'm sorry that all that silver, 0:11:11.520 --> 0:11:15.439 they took it back to Spain. Um and it increased 0:11:15.480 --> 0:11:20.640 the money supply between Let's see, during the sixteenth century, 0:11:20.679 --> 0:11:22.679 the population of Potosi. Potosi is where they had the 0:11:22.720 --> 0:11:25.600 silver mine. It grewed over two thousand and the silver 0:11:25.640 --> 0:11:30.320 mind became the source of sixty percent of the world's silver. 0:11:31.600 --> 0:11:37.640 Between hundred produced all known silver produced in the world, 0:11:38.080 --> 0:11:40.400 so massive, So it became the source of six in 0:11:40.400 --> 0:11:43.280 the world silver. So it exploded the money supply. When 0:11:43.320 --> 0:11:46.120 you explode the money supply, what happens again, you have 0:11:46.240 --> 0:11:50.640 more money chasing the same goods, which creates inflation. Also, 0:11:51.000 --> 0:11:53.240 more people will go to make more goods because there's 0:11:53.240 --> 0:11:55.080 more money. When you have a lot of money, you 0:11:55.080 --> 0:11:57.400 buy stuff you don't necessarily need. You buy stuff that 0:11:57.440 --> 0:11:59.199 you want. And if you have even more money and 0:11:59.240 --> 0:12:01.040 people will offer you stuff, you're like, oh sure, I'll 0:12:01.040 --> 0:12:04.160 take that too. And so it created this massive growth, 0:12:04.280 --> 0:12:07.559 massive prosperity. It was a good thing. Um massive trade, 0:12:07.880 --> 0:12:11.839 massive growth, massive prosperity, massive progress, all types of new 0:12:12.240 --> 0:12:15.360 products and tools and inventions and all of these things. 0:12:16.360 --> 0:12:19.560 And inflation because as you inflate the money supply, you 0:12:19.559 --> 0:12:21.920 get it. So it's a it's a double edged sword. Yes, 0:12:21.960 --> 0:12:25.760 you get the growth, but you also get the prices 0:12:25.800 --> 0:12:28.439 going up. You also get the inflation. Now we can 0:12:28.480 --> 0:12:30.440 fast forward a few hundred years, Like I said that 0:12:30.520 --> 0:12:33.840 ghos to about the early eighteen hundreds, and in the 0:12:33.880 --> 0:12:39.280 early eighteen hundreds, Um, something else happened. Now what just 0:12:39.400 --> 0:12:42.360 real quick to highlight this. What happened is all the 0:12:42.480 --> 0:12:46.600 silver came into the world and then the mind started 0:12:46.640 --> 0:12:50.000 to run out. So we were increasing the money supply 0:12:50.320 --> 0:12:53.680 for a long time, and we had massive growth, growth, growth, 0:12:53.679 --> 0:12:56.200 growth at a breakneck pace. Right, everything is going up 0:12:56.200 --> 0:12:58.520 in value, Everything is exploding, more products, more services, all 0:12:58.559 --> 0:13:02.640 these things. But then mind starts running out of silver. 0:13:03.120 --> 0:13:07.400 So the money supply, the silver is adding to the 0:13:07.400 --> 0:13:11.160 world's supply at a breakneck speed. Growth, prosperity, prices everything 0:13:11.200 --> 0:13:13.680 at a breakneck speed, and then all of a sudden, 0:13:13.720 --> 0:13:17.080 the money starts running out. The money supply starts going down, 0:13:17.640 --> 0:13:21.800 which then causes massive contraction. Now you have all these 0:13:21.840 --> 0:13:25.839 people that need all these things, that want all these things, 0:13:25.840 --> 0:13:28.600 that are trying to sell all these things, and now 0:13:28.640 --> 0:13:32.959 there's not enough money to go around. Okay, that's the theme. 0:13:34.120 --> 0:13:38.320 You increase the money supply, you get massive booms. You 0:13:38.600 --> 0:13:41.320 decrease the money supply, you get the opposite of that, 0:13:41.840 --> 0:13:44.040 which is a massive bust. All right, So we're gonna 0:13:44.080 --> 0:13:46.079 follow this all the way through to what's happening to 0:13:46.120 --> 0:13:49.040 the Bank of England right now today. Now, going back 0:13:49.080 --> 0:13:52.600 here we are, eighteen hundreds were in England and Sir 0:13:52.720 --> 0:13:55.480 Isaac Newton you might have heard it and before, and 0:13:55.520 --> 0:14:00.880 Sir Isaac Newton, Um, he came up with, uh, a 0:14:00.920 --> 0:14:04.320 new way to get metal and that was the gold, 0:14:04.679 --> 0:14:07.959 the gold standard. So um he said, hey, let's uh, 0:14:08.120 --> 0:14:10.199 let's use this new type of money. We're gonna move 0:14:10.280 --> 0:14:13.360 to gold. And so England did, uh. They are able 0:14:13.400 --> 0:14:15.840 to get able to get more gold into the system. 0:14:15.920 --> 0:14:19.160 Gold took over at a higher volume or I'm sorry, 0:14:19.240 --> 0:14:22.200 higher value than what the silver did, and so it 0:14:22.280 --> 0:14:25.720 took off. The United States was formerly on a bi 0:14:25.800 --> 0:14:29.520 metal standards. They're using gold and silver at the time. Um. 0:14:29.560 --> 0:14:33.120 They switched over to gold in eighteen thirty four, UM, 0:14:33.200 --> 0:14:35.360 and then really, by the end of the eighteen hundreds 0:14:35.400 --> 0:14:39.240 of Congress passed a gold Standard Act um, and so 0:14:39.480 --> 0:14:41.760 in eighteen four the United States went under gold standard, 0:14:41.800 --> 0:14:44.680 fixed the price of gold at twenty dollars per ounce um, 0:14:44.720 --> 0:14:46.800 and the rest of the world started moving on to 0:14:46.960 --> 0:14:52.000 a gold standard. Now, Um, China, just a tidbit note here, 0:14:52.280 --> 0:14:54.280 China has said, no, we're not moving to the gold standard. 0:14:54.440 --> 0:14:56.560 We're gonna stay on the silver standard. We don't want 0:14:56.600 --> 0:14:58.440 that gold. We're gonna stick with what we have silver. 0:14:58.720 --> 0:15:00.520 Because they had so much silver, they didn't want to 0:15:00.520 --> 0:15:04.120 give up their silver, and they lost their position in 0:15:04.160 --> 0:15:07.200 the world. Because the value of silver plummeted. Everyone moved 0:15:07.200 --> 0:15:09.480 to gold now again. So that so the amount of 0:15:09.520 --> 0:15:13.560 gold exploded. Wealth explode again. So the money supply had 0:15:13.600 --> 0:15:16.560 dipped and now started going back up again again. Massive growth, 0:15:16.600 --> 0:15:20.200 massive prosperity, massive inflation. Prices are going up, we had 0:15:20.200 --> 0:15:23.240 more things to buy. Then what happens is then we 0:15:23.280 --> 0:15:27.960 go into World War One, and um, this is where 0:15:28.000 --> 0:15:30.000 we'll go to the bank, the creation of the Bank 0:15:30.000 --> 0:15:32.320 of England. We we didn't skip. We skipped that part. 0:15:32.600 --> 0:15:35.040 And so in the late six hundreds, back to the 0:15:35.120 --> 0:15:38.760 mystery of central banking. Um, England was going to war 0:15:38.800 --> 0:15:42.880 with France and they needed more money, and you can't 0:15:42.920 --> 0:15:45.440 just go create more silver or gold out of thin air, 0:15:45.520 --> 0:15:48.120 and they didn't have it. So a group of bankers, 0:15:49.040 --> 0:15:52.320 so at the time, kings would borrow money from the 0:15:52.440 --> 0:15:55.400 rich people, and they'd borrow money, typically for social programs 0:15:55.520 --> 0:15:57.960 or most likely for war. And so they needed money 0:15:58.000 --> 0:16:00.120 for the war, and so the so the king said, hey, 0:16:00.200 --> 0:16:03.040 rich guys, we need money. We need money for this 0:16:03.080 --> 0:16:05.640 war with France. And the and the rich guy said, hey, okay, sure, 0:16:05.680 --> 0:16:07.680 no problem, we got you, We got your back, don't worry. 0:16:08.040 --> 0:16:10.440 Here's what we're gonna do though, Um, we're going to 0:16:10.520 --> 0:16:12.960 give you as much money as you want. A matter 0:16:12.960 --> 0:16:15.720 of fact, we're gonna give you an unlimited supply of money. 0:16:15.880 --> 0:16:18.120 And they're the King's like, wow, that's awesome, great, cool, 0:16:18.880 --> 0:16:21.160 let's do it. And they said, but here, here's the catch. 0:16:21.520 --> 0:16:23.680 Here's what we're gonna do. We're going to create our 0:16:23.680 --> 0:16:25.880 own bank. It's called the Bank of England, and we're 0:16:25.920 --> 0:16:29.720 going to create our own form of money, our paper money, 0:16:30.240 --> 0:16:32.080 and we're going to give you as much of that 0:16:32.120 --> 0:16:35.320 money as you want. The catches is that you have 0:16:35.480 --> 0:16:38.600 to tell the people in England that UM our bank 0:16:38.760 --> 0:16:41.800 is recognized by the crown. UM, it's by the government. 0:16:42.520 --> 0:16:44.760 We are the only bank, and they have to use 0:16:44.760 --> 0:16:47.600 our money. And if you do that, you tell them 0:16:47.600 --> 0:16:49.080 that our bank is the is the bank they who 0:16:49.120 --> 0:16:50.440 do use and they have to use our fake money, 0:16:50.600 --> 0:16:52.360 then we'll give you as much of this fake money 0:16:52.360 --> 0:16:55.240 as you wanted. Which, when you understand it said that way, 0:16:55.360 --> 0:16:58.560 it sounds like a big scam, doesn't it. And if 0:16:58.600 --> 0:17:00.360 you think it does sound like a big am, than 0:17:00.440 --> 0:17:03.120 you are onto something. And of course so the king 0:17:03.240 --> 0:17:05.879 said sharifying, okay, your bank is I recognized. We use 0:17:05.880 --> 0:17:07.600 your money, and they'll take more of it. They got 0:17:07.640 --> 0:17:09.680 all this money, they went into the war, into World 0:17:09.720 --> 0:17:12.760 War one UM, and they printed all this fake money. 0:17:12.760 --> 0:17:15.600 They didn't have enough gold um, which was the real money. 0:17:15.680 --> 0:17:17.760 They printed all this fake money, and then at the 0:17:17.840 --> 0:17:21.760 end of the war they didn't have the money they needed. 0:17:21.800 --> 0:17:24.960 So the money supply went up, it expanded, and then 0:17:25.000 --> 0:17:27.680 the money supply shrank and it went into a massive 0:17:27.720 --> 0:17:31.159 depression that led into the Great Depression in the United States. 0:17:31.760 --> 0:17:33.480 I want to talk to you the rest of the way, 0:17:33.600 --> 0:17:36.000 the way through this, We're gonna skip forward and show 0:17:36.040 --> 0:17:39.640 you the problems that we have today because the UK, 0:17:39.960 --> 0:17:42.680 the Bank of England just broke this week. China's running 0:17:42.680 --> 0:17:45.520 out of money, Japan's running out of money, and yes, 0:17:45.600 --> 0:17:48.200 even the United States is running out of money. That's 0:17:48.200 --> 0:17:50.720 why the price of everything are dropping. The money supply 0:17:51.040 --> 0:17:53.440 is decreasing. So we're gonna talk about that and more. 0:17:53.480 --> 0:17:55.760 You're listening to the Mark Moss Show. We talked about 0:17:55.920 --> 0:17:58.080 the decentralized Revolution, trying to explain to you the way 0:17:58.119 --> 0:18:00.160 the world is changing right now, and you better be prepared. 0:18:00.320 --> 0:18:01.879 I got a whole lot to cover when I get back, 0:18:01.920 --> 0:18:04.119 so don't go away, all right, Welcome back. You are 0:18:04.200 --> 0:18:06.440 listening to the Mark Moas Show, and we are talking 0:18:06.480 --> 0:18:09.679 about We're talking about the world changing right before your 0:18:09.760 --> 0:18:11.960 very eyes. And if you're not paying attention, maybe you 0:18:11.960 --> 0:18:13.959 don't understand what's going on. So we look at it 0:18:14.400 --> 0:18:17.480 through the lens of politics, finance, and technology. And today 0:18:17.480 --> 0:18:21.240 we're talking about the financial markets. Um, they've broken this week, 0:18:21.880 --> 0:18:24.119 and we're talking about how we got here. So what 0:18:24.240 --> 0:18:28.080 happened is uh, all this gold was needed to fight 0:18:28.119 --> 0:18:30.680 the war. The United States basically stayed out of the war. 0:18:30.760 --> 0:18:33.200 It was all happening over in Europe, and so England 0:18:33.240 --> 0:18:36.000 and France and Germany, Russia, they're all fighting, they're all 0:18:36.000 --> 0:18:39.240 destroying each other's um countries. The US is over here 0:18:39.560 --> 0:18:41.600 um getting rich because we have all the we can make, 0:18:41.600 --> 0:18:43.679 all the food, we have all the energy. We're selling 0:18:43.680 --> 0:18:45.840 all this stuff over to Europe, and so as we're 0:18:45.920 --> 0:18:49.040 sending them all the supplies for the war, they're sending 0:18:49.119 --> 0:18:52.480 us all the gold. And at the end of the war, 0:18:53.280 --> 0:18:55.439 the US, at the end of World War two, the 0:18:55.520 --> 0:18:58.280 US had all the gold because they stayed out of 0:18:58.280 --> 0:19:00.520 the war for the most part. They got engaged later, 0:19:01.119 --> 0:19:03.399 but for the most part, and we didn't are the 0:19:03.400 --> 0:19:05.359 war happened in Europe, so the United States didn't get 0:19:05.400 --> 0:19:08.160 torn down, we didn't get d industrialized, so we didn't 0:19:08.160 --> 0:19:10.359 need all the money to rebuild everything. But over in 0:19:10.400 --> 0:19:14.000 Europe they destroyed everybody's countries. They spent all their gold, 0:19:14.440 --> 0:19:15.959 and now they had to rebuild everything, and they had 0:19:15.960 --> 0:19:18.119 these massive debts. So the US ended up with the 0:19:18.160 --> 0:19:21.520 majority about of the gold in the world at the time. 0:19:22.040 --> 0:19:25.320 And so they said, okay, hey, here's the new standards, 0:19:25.359 --> 0:19:27.720 a Breton Wood system. The US has all the gold, 0:19:27.840 --> 0:19:31.119 they'll create the dollar peg to the gold, and uh, 0:19:31.240 --> 0:19:33.360 we'll create our own currencies, but will peg them back 0:19:33.400 --> 0:19:37.600 to the dollar. Now, the dollar, being the reserve currency 0:19:37.600 --> 0:19:41.520 of the world, has to supply the dollars to the world. Remember, 0:19:42.040 --> 0:19:44.600 the more money that comes out, the more we have booms. 0:19:44.760 --> 0:19:48.480 When the money supply contracts, we have bus So the 0:19:48.840 --> 0:19:51.720 Federal Reserve starts printing money, they start shipping these dollars 0:19:51.760 --> 0:19:55.280 all around the world. The problem is that it's a balance. 0:19:55.440 --> 0:19:57.880 As we talked about, right, when you create more money, 0:19:57.920 --> 0:20:00.280 when you increase the money supply, that's called infla aation, 0:20:00.920 --> 0:20:03.480 all right, when you create inflation, when you inflate the 0:20:03.480 --> 0:20:08.000 money supply, yes you get growth. Yes you get economic booms. 0:20:08.320 --> 0:20:13.359 You also get inflation. You get both because now we 0:20:13.400 --> 0:20:17.679 have more money chasing goods, and so the prices of 0:20:17.720 --> 0:20:22.320 those goods go up. Now, if hypothetically, if this is 0:20:22.359 --> 0:20:24.399 what this is what the central Bank dreams about, the 0:20:24.400 --> 0:20:28.000 federals or of dreams about, if hypothetically we could I 0:20:28.000 --> 0:20:30.440 say hypothetically, it's their goal. I say hypothetically, cause we 0:20:30.520 --> 0:20:34.080 never get there. Hypothetically, if we could increase the money 0:20:34.080 --> 0:20:36.480 supply by two percent, per year. That's their goal to 0:20:36.600 --> 0:20:41.840