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

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Speaker 1: where we're always talking about the decentralized revolution, how the

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Speaker 1: world is deglobalizing, how the world is changing, and of

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Speaker 1: course it's happening right before very eyes. We talk about

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Speaker 1: this so we can understand the world in better context

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Speaker 1: and we know what to do about it. And so

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Speaker 1: I'd like to bring to you some pieces to help

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Speaker 1: you kind of change the way you think about things.

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Speaker 1: Some late breaking news headlines so you can see exactly

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Speaker 1: what's going on, and that's what we're diving into today.

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Speaker 1: I want to talk about a bunch of stuff that

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Speaker 1: was going on this week. New information that came out

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Speaker 1: this week on the cryptocurrency world showing some massive, massive

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Speaker 1: competition to visa and other payment providers. I want to

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Speaker 1: look at this new World Agreement, new World Order agreement

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Speaker 1: called the New Deli Agreement that was just signed at

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Speaker 1: the g twenty, the top twenty countries in the world.

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Speaker 1: I want to look at the Federal Reserve. Only the

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Speaker 1: Federal Reserve can be literally going broke when they create

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Speaker 1: money out at thin air, showing what's happening with the

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Speaker 1: US Treasury, what they're trying to do with yield curve

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Speaker 1: control and mini mini other stories. Don't miss this. Let's

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Speaker 1: just go ahead and just dive right in. If we

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Speaker 1: look at what's going on in the bitcoin in the

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Speaker 1: cryptocurrency space. You know, it's very interesting because we have

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Speaker 1: this new technology, this new incumbent technology, and you know,

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Speaker 1: here we are over a decade into this kind of

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Speaker 1: new technology being used and still today people say, well,

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Speaker 1: when's it going to be adopted? When are people going

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Speaker 1: to use it? And things like that, and you know,

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Speaker 1: I understand what they're saying. I think what they're really

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Speaker 1: saying is that when will I be able to see

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Speaker 1: or use it everywhere I go? Like right now you

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Speaker 1: can go to your seven eleven or your you know, Starbucks,

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Speaker 1: and like you don't have the option to buy with cryptocurrency.

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Speaker 1: So I think that's what people are saying. But the

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Speaker 1: problem is is they're failing to see the signs that

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Speaker 1: are right in front of us. That's what do I

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Speaker 1: mean by that? Well, if you actually look at the data,

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Speaker 1: you'll see that it is growing at a faster rate

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Speaker 1: than you can even imagine. It hasn't reached full penetration yet,

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Speaker 1: but that's just because technology takes time to adopt people.

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Speaker 1: Sometimes they get way too over anxious here. I think

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Speaker 1: it was Bill Gates. He said, people tend to overestimate

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Speaker 1: what can be done in a year, but underestimate what

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Speaker 1: can be done in a decade. And so that's sort

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Speaker 1: of what we see here. We know like when the

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Speaker 1: telephone was invented, for example, I mean, having a telephone

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Speaker 1: to be able to call somebody across town or across

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Speaker 1: the country was certainly better than having to ride on

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Speaker 1: a horse for a month to get there. But yet

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Speaker 1: still it took eighty years for it to be at

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Speaker 1: full penetration, which is typically considered about eighty percent. Still,

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Speaker 1: it took eighty years even though it was so much better.

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Speaker 1: So things take time, and that's where we're apt. But

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Speaker 1: like I said, we can see this. Recently, some research

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Speaker 1: came out from Castle Island Ventures and coin Metrics about

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Speaker 1: stable coins. Now you have bitcoin, which is a cryptocurrency,

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Speaker 1: and then stable coins are sort of a cryptocurrency that

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Speaker 1: are pegged to a dollar. So if I give you

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Speaker 1: a dollar, you get a stable coin back, and those

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Speaker 1: those stable coins the dollar back. Stable Coins can be

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Speaker 1: moved just like cryptocurrency. I can store them on my

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Speaker 1: digital wallet I can send to you. They're not as secure,

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Speaker 1: they're not as censorship resistance, but they work pretty good

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Speaker 1: for this kind of point that we're in right now,

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Speaker 1: and they really seem to complement bitcoin. So in developing

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Speaker 1: markets like Nicaragua, l Salvador, you know, all throughout Africa,

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Speaker 1: you're starting to see how the stable coins and bitcoin

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Speaker 1: are sort of used together, where the stable coins are

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Speaker 1: more of like the short term money that's, you know,

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Speaker 1: if I need groceries next week, whereas bitcoin is kind

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Speaker 1: of more for like longer term savings. And so we're

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Speaker 1: starting to see the rise of stable coins that's blowing

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Speaker 1: up because dollar demand is growing so fast. So if

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Speaker 1: you're in Lebanon, Turkey, Afghanistan, if you're in Venezuela, Argentina, like,

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Speaker 1: you're losing value in your currency so fast, you have

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Speaker 1: to get out. You have to leave the Turkish leer

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Speaker 1: and you have to get into dollars if you can

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Speaker 1: get it. The problem is, of course, these countries don't

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Speaker 1: want you to get dollars. As a matter of fact,

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Speaker 1: in Argentina, like the government's official exchange rate's like two

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Speaker 1: hundred fifty to one. The black market exchanger is like

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Speaker 1: five hundred and one. Because people want to get out

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Speaker 1: of their currency so bad, but it's very difficult. But

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Speaker 1: US dollar stable coins are an easy option for them,

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Speaker 1: and so we're seeing that blow up. And it's good

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Speaker 1: for the United States because the US dollar is getting

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Speaker 1: adopted more throughout the world as well. So it's very

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Speaker 1: complementary at this point in the stage to have these

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Speaker 1: work together. And what we saw from this presentation from

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Speaker 1: Castle Island Ventures showed the annual settlement volume of stable

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Speaker 1: coins relative to other large payment and settlement networks, so

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Speaker 1: payment networks like Visa, like MasterCard, like American Express, like PayPal, etc.

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Speaker 1: So other ways that people use to send money to

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Speaker 1: make payments. Now, what we can see according to coin

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Speaker 1: Metrics data, the annual settlement volume of stable coins is

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Speaker 1: basically the same as Visa. So that's like one of

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Speaker 1: the big things. Well, it's slower than Visa, right. The

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Speaker 1: difference with Visa is actually, first of all, Visa isn't fast. Now,

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Speaker 1: if you go to the store and you buy with

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Speaker 1: your visa card, whether it's a Democrat or credit card,

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Speaker 1: you put your card in, you have to wait for

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Speaker 1: it to call. You put your pass code in whatever

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Speaker 1: that probably takes. I don't know what is it fifty

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Speaker 1: you know, I don't know, thirty forty five seconds, sixty seconds,

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Speaker 1: maybe a minute. But that's not really how long it

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Speaker 1: takes for the transaction to go through. What actually happens

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Speaker 1: is if you're a merchant, you already know this. That

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Speaker 1: calls up the credit card, it okays the transaction. But

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Speaker 1: me as a merchant, I probably don't get those funds

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Speaker 1: for three to five days, So it's not actually that fast.

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Speaker 1: It's not final settlement. It takes three to five days

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Speaker 1: for that money to actually get into my bank account,

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Speaker 1: and then for typically up to ninety days, you could

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Speaker 1: charge that back on me. So when is final settlement?

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Speaker 1: Final settlement meaning when I finally have the money and

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Speaker 1: it can't be taken back. That could be over ninety days,

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Speaker 1: whereas bitcoin maybe it takes five minutes, but that's final

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Speaker 1: settlement compared to the three or four days Visa takes.

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Speaker 1: So you really can't compare this stap hous But Visa

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Speaker 1: is the biggest payment processor in the world, and like

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Speaker 1: I said, now stable coins have reached the same level.

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Speaker 1: We can see that stable coins have surpassed remittance payments

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Speaker 1: from PayPal. The only thing that does more than Visa

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Speaker 1: is fed wire because they obviously do massive, massive dollar amounts.

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Speaker 1: At the same time, we can see that while stable

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Speaker 1: coins have outpassed Visa, bitcoin has as well. Visa does

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Speaker 1: about ten trillion dollars per year annually, and stable coins

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Speaker 1: and bitcoin are both basically part with that. So cryptocurrencies

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Speaker 1: they're coming on strong, They are getting adopted. They are

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Speaker 1: not everywhere, I get it. You don't see them everywhere

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Speaker 1: you go. But if you look at the data, if

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Speaker 1: you take time to understand the trend, you'll see that

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Speaker 1: it's catching up quickly. And on top of that trend,

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Speaker 1: another way to move money around the world has been

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Speaker 1: Western Union and money Graham and other things like that.

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Speaker 1: And money Graham came out with a big news release

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Speaker 1: this week saying that they're launching a new non custodial

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Speaker 1: digital wallet next year. Now, what does that mean? Non custodial.

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Speaker 1: Non custodial wallet means that they don't hold the funds

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Speaker 1: for you. It means you're able to hold your own

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Speaker 1: funds in your own wallet. You see, when you use

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Speaker 1: a wallet, a cryptocurrency wallet, some of them are custodio

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Speaker 1: means I have acces, I own it, or some are

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Speaker 1: non custodios, so they have it, and what they want

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Speaker 1: to watch is non custodio digital wallet that will let

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Speaker 1: customers basically move from Fiat across a digital currency rail

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Speaker 1: and back to Fiat seamlessly. So, for example, if you're

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Speaker 1: in another country, you're in Mexico, you want pesos, I'm

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Speaker 1: in America, I'm using dollars, I could send Fiat dollars,

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Speaker 1: it would move across this digital currency rail, and then

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Speaker 1: you could get it back in the Fiat of your choice,

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Speaker 1: like Mexican pesos for example. Now, if you're into the

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Speaker 1: bitcoin crypto space, then you might recognize this. It sounds

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Speaker 1: sort of like what Jack Maler's company Strike is doing.

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Speaker 1: They're sending the money via crypto rails because it can

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Speaker 1: be done in seconds and not days. Traditionally, right now,

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Speaker 1: if I send you over Venmo or PayPal, I send

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Speaker 1: it over Visa, et cetera, it takes days for that

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Speaker 1: settlement to go through. But if I do over crypto rails,

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Speaker 1: it happens almost immediately, and so by converting it on

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Speaker 1: either end, they can use this new network, and that's

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Speaker 1: what MoneyGram seems to be doing. Now they didn't put

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Speaker 1: out full details of this, so we don't have access

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Speaker 1: to all of it, but based off of what they

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Speaker 1: told us Fiat digital currency back to Fiat, it sounds

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Speaker 1: sort of just like what they're doing. They think that

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Speaker 1: they're non custodio. Digital wallet will redefine cross border payments

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Speaker 1: and enable MoneyGram customers to send and receive money in

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Speaker 1: new and exciting ways. Or you can just send stable

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Speaker 1: coins without money Gram. You don't need money Graham to

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Speaker 1: do this. You can do it with bitcoin. You can

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Speaker 1: do with bitcoin over the Lightning network for almost free

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Speaker 1: and almost insaneous. You can do it with stable coins,

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Speaker 1: you don't need money Gram. So while I like to

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Speaker 1: see the paypals and the venmos, and yes, the money

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Speaker 1: Gram's getting into this, it's sort of a trojan horse. Now.

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Speaker 1: One thing that money Gram does do is they want

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Speaker 1: to create locations almost like ATMs, that allow you to

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Speaker 1: cash out the digital assets. So they call this utility.

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Speaker 1: And so now if you send that to me, I

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Speaker 1: can take this new MoneyGram digital asset and go actually

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Speaker 1: get cash. And so you can't really do that with

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Speaker 1: stable coins and bitcoin right now, although there are bitcoin

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Speaker 1: ATMs depending on where you're in the world. If you're

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Speaker 1: just tune in, you're listening to the Mark Maas Show.

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Speaker 1: We're running through some of the latest breaking news headlines

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Speaker 1: this week so you can understand the world of what's

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Speaker 1: going on. I got a lot more to cover when

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Speaker 1: I come back. I gotta take a very quick break, though,

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Speaker 1: so I'll be gone for a second. Don't go away,

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Speaker 1: I'll be right back. Hello, Welcome back. If you're just

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Speaker 1: tuning in, you're listening to the Mark mass Show. We're

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Speaker 1: running through some of the latest breaking news headlines this

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Speaker 1: week so you can understand the world a better context

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Speaker 1: of how we are going through a transitional phase as

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Speaker 1: we look at through the lens of politics, finance, and

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Speaker 1: technology and of course man it is moving fast. There

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Speaker 1: was a big, big, big meeting that happened this week

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Speaker 1: between the G twenty these are the top twenty nations

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Speaker 1: in the world. That happened over in India and they

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Speaker 1: created something called the New Delhi Agreement. That's a big

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Speaker 1: deal because the top twenty nations have all basically agreed

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Speaker 1: to this. Now I say the top twenty nations except

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Speaker 1: for China and Russia decided not to go. That's a

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Speaker 1: pretty big deal. I've covered this before, so I don't

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Speaker 1: want to spend a lot of time talking about this,

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Speaker 1: but I think it's pretty important to see that you

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Speaker 1: have the top twenty nations, except for two of the

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Speaker 1: top five potentially didn't go. President g was there at

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Speaker 1: the Bricks Summit, which was not the top twenty nations,

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Speaker 1: it's the lower twenty nations, but he didn't go to

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Speaker 1: the G twenty, and he basically said, I forget you guys.

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Speaker 1: I'm onto my own I'm doing my own thing. At

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Speaker 1: least that's sort of the narrative that was spun up.

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Speaker 1: But at this G twenty, it's a big deal because

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Speaker 1: it's a like I said, it's a big chunk of

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Speaker 1: the world. It's the top twenty nations of the world.

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Speaker 1: And they came up with something, like I said, called

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Speaker 1: this New Delhi Agreement, and they published their outline to

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Speaker 1: show what their policy plans are, what their priorities are

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Speaker 1: for the member nations. Now, when you read through these

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Speaker 1: there are a little bit vague and ambiguous, and a

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Speaker 1: lot of times the laws are made to be vague

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Speaker 1: and ambiguous, So that they can apply them arbitrarily, or

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Speaker 1: maybe they don't want to directly say exactly what they're for.

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Speaker 1: The problem with that is that they can be applied

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Speaker 1: broadly and arbitrarily, so we don't know exactly what they mean. Now.

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Speaker 1: It could be just like, oh, these are like big

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Speaker 1: dreams that we have, or this could be we have

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Speaker 1: some very covert plans we're not telling you, So we

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Speaker 1: have to sort of use some of our own opinion

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Speaker 1: when we're trying to kind of decide. But let me

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Speaker 1: just tell you what some of these things are. So

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Speaker 1: in this declaration, you have that rich consensus with the

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Speaker 1: Talk twenty nations. You have an international commitment to dramatically

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Speaker 1: scale back the use of private lands, private and public lands,

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Speaker 1: restoring by twenty thirty at least thirty percent of all

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Speaker 1: degraded ecosystems, and scaling up efforts to achieve land degradation

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Speaker 1: neutually grow less food, feed less people, allow less people

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Speaker 1: to live. I don't think you know, is that what

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Speaker 1: they want. They want to scale back the use of

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Speaker 1: private and public lands. So what do we use public

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Speaker 1: and private lands for? Well, we use public and private

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Speaker 1: lands sure to build I guess national parks. Okay, we

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Speaker 1: also use it to get minerals and resources out of

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Speaker 1: the ground. We use it to get energy out of

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Speaker 1: the ground, oil gas, things like that. We also used

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Speaker 1: to grow food. So if we use less land, does

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Speaker 1: that mean we get less energy we get less food? Potentially?

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Speaker 1: They don't say specifically, but if you look at their

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Speaker 1: other agendas, such as like the sustainable development Goals, the

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Speaker 1: twenty thirty agendas and things like that, then you can

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Speaker 1: kind of put the pieces of the puzzle together, and

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Speaker 1: that sort of seems like what it means, at least

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Speaker 1: to me. We saw that they have a commitment to

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Speaker 1: halt and reverse biodiversity loss by twenty thirty. We don't

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Speaker 1: know exactly what that means, but it looks like it

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Speaker 1: could mean potentially an end to land development and also

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Speaker 1: the return of land that's currently occupied back to its

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Speaker 1: natural state. So how could we again, what do we

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Speaker 1: use the land for for food and for energy and resources.

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Speaker 1: If we don't have that, then how do we continue

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Speaker 1: to feed the world? With that tough one, we saw

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Speaker 1: that they had a plan for international governance of AI,

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Speaker 1: so they want to come up with a global responsible

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Speaker 1: way to use AI. Things like that is that really

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Speaker 1: what they want or do they want to just control technology? Interesting,

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Speaker 1: We don't know. Again, I'm going to let you draw

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Speaker 1: some of your own conclusions here. I don't want to

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Speaker 1: be the conspiracy theorist here. But these are the facts

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Speaker 1: that they did have this meeting, and this is what

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Speaker 1: they came out with. In another document of official policy

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Speaker 1: recommendations titled the G twenty Policy Recommendations for Advancing Financial

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Speaker 1: Inclusion and Productivity Gains through Digital Public Infrastructure. It's a

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Speaker 1: long title, they talked about creating digital IDs. As a

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Speaker 1: matter of fact, digital idea appeared eighty three times in

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Speaker 1: the document. Now they talk about furthering financial inclusion, at

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Speaker 1: least that's what they say, especially in low and middle

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Speaker 1: income countries where insufficient documentation is often a barrier to

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Speaker 1: account ownership. The problem is that with a digital ID,

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Speaker 1: then they could require everyone to have it. You know,

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Speaker 1: the problem with tools is that they make our lives

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Speaker 1: better by making things more efficient and convenient, but they

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Speaker 1: also prevent tool or There are also tools that can

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Speaker 1: be used against us as well. So, for example, in China,

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Speaker 1: everyone has a digital ID. You have to take a

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Speaker 1: facial scan to get access to the Internet, and then

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Speaker 1: nobody can post anonymously. You say something mean about the government,

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Speaker 1: something they don't like. They know who you are, and

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Speaker 1: so the problem with digital IDs is that they can

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Speaker 1: be used like that. They talked about in the new

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Speaker 1: Dela Agreement expanding the international tax system. They want to

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Speaker 1: build a publicly regulated and controllable digital public infrastructure to

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Speaker 1: create a global minimum tax. I'm kind of against that now.

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Speaker 1: It doesn't really matter to me as an American, no

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Speaker 1: matter where I move for the rest of my life,

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Speaker 1: I have to pay a federal income tax to the

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Speaker 1: United States, which is above what the minimum taxes. But

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Speaker 1: if you're from another country like Canada, for example, you

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Speaker 1: can move to other countries that don't have taxes, and

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Speaker 1: they want to get rid of that. They don't want

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Speaker 1: that happening. They also want to embed global financial institutions,

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Speaker 1: including banks, with ESG. So they want every financial institution,

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Speaker 1: every international institution, to ensure that all the financial institutions

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Speaker 1: and systems get behind the sustainable practices. Now we can

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Speaker 1: see that this is not worked out so well in

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Speaker 1: the past. As a matter of fact, Sri Lanka, which

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Speaker 1: was the poster child, had the best ESG score in

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Speaker 1: the world that like ninety eight fell because of that. Now,

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Speaker 1: one thing that I'm seeing is that while we're certainly

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Speaker 1: seeing the G twenty and these people get together and

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Speaker 1: continue to push this ESG narratives, we're starting to see

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Speaker 1: the ESG narratives start to fall apart at the same time. So,

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Speaker 1: for example, many of the Wall Street companies like Black

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Speaker 1: Rocks spun up ESG funds. I think they have all

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Speaker 1: pretty's been shut down. In the United States. I think

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Speaker 1: it was like twenty six states said that they can

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Speaker 1: the pensions can no longer invest into any companies out

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Speaker 1: of ESG funds. They started to penalize banks out of

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Speaker 1: ESG narratives. So it's almost like these global elites, like

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Speaker 1: at the G twenty and the worldl Comic Forum, have

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Speaker 1: built up this bucket of ESG, but now the bucket's

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Speaker 1: getting a lot of holes, and they're continue trying to

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Speaker 1: put more in the top of the bucket, but it's

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Speaker 1: leaking out the bottom, and the holes of the bottom

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Speaker 1: of getting bigger and bigger and bigger. So I'm hopeful

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Speaker 1: for that. I mean, maybe I'm hopefully optimistic because I'm

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Speaker 1: an optimist, but I think this plan is starting to

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Speaker 1: fall apart, but they're not letting go of it yet.

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Speaker 1: As we're continuing to watch that, it's going to be interesting.

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Speaker 1: They want to pass uniform laws on regulations for cryptocurrencies,

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Speaker 1: which I think is pretty interesting. What's interesting is how

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Speaker 1: does the top twenty nations get together and agree on anything.

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Speaker 1: Just in the United States alone, we can't even agree

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Speaker 1: in the United States. We can't even get regulations in cryptocurrencies.

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Speaker 1: And this week we saw Gary Gensler in front of

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Speaker 1: in front of some Congressome committees and was just getting

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Speaker 1: completely wrecked. As a matter of fact, that they've been

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Speaker 1: calling for his resignation. Now they're passed trying to pass

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Speaker 1: a resolution that would change the entire organization of the SEC.

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Speaker 1: So we don't even have a chair there like Gary

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Speaker 1: Ginzler anymore, and they're telling him this so like this

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Speaker 1: is just in the US, we can't even agree, and

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Speaker 1: they're trying to shut this down. Like how do the

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Speaker 1: top twenty countries agree on this? It's pretty interesting. I

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Speaker 1: don't think it's going to work, but this is what's

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Speaker 1: happening in the world. They want to regulate you. The

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Speaker 1: whole world wants to be in on it. They want

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Speaker 1: to take away your land, they want to control your

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Speaker 1: digital d they want to control your money. Scary stuff.

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Speaker 1: If you're just tuning in listening to the Mark Maas Show,

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Speaker 1: run through some of the latest breaking news headlines this week,

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Speaker 1: so you could be kept up on the play by

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Speaker 1: the place, you know what's going on in so you

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Speaker 1: look pretty smart when you go to that cocktail party

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Speaker 1: this weekend. I got to take a very quick break,

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Speaker 1: but I have a lot more important stuff to cover

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Speaker 1: when I come back, So I'm gonna take a quick break.

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Speaker 1: I'll be back in a minute. You don't want to

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Speaker 1: miss it, don't go away. I'll be right back, all right,

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Speaker 1: Welcome back. If you're just tuning, you're listening to the

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Speaker 1: Mark Show, always talking about the decentralized revolution, talking about

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Speaker 1: it through the lens of politics, finance, and technology. And

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Speaker 1: we're talking about right now some of the latest breaking

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Speaker 1: news headlines of the week. And I have a story

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Speaker 1: that I saw this week that was pretty crazy, but

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Speaker 1: it's not that crazy for me because I've been talking

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Speaker 1: about it a lot. As a matter of fact, i

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Speaker 1: think I've made three videos it on my main YouTube channel.

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Speaker 1: If you're not follow me there. Just search Mark Moss

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Speaker 1: on YouTube. You'll find me there. You can also watch

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Speaker 1: me watch these shows and listen to me at the

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Speaker 1: same time on the Market Disruptors, YouTube channels, or just

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Speaker 1: on your favorite podcast player. Just search the Markmoas show.

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Speaker 1: But I've been talking about the Federal Reserve obviously a lot,

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Speaker 1: but I've been talking about specifically the Federal Reserve going broke,

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Speaker 1: which sounds pretty crazy because the Federal Reserve literally prints

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Speaker 1: money out of thin air, right, Like, don't they just

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Speaker 1: create the money? So how do they go broke? I mean,

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Speaker 1: only an incompetent government agency could do that, right. Well, yes,

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Speaker 1: I know the Federal Reserve has gone broke because they

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Speaker 1: have of raised rates at the fastest rate in history.

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Speaker 1: They've booked a hundred billion dollars loss in just the

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Speaker 1: last few months on their operations because they're having to

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Speaker 1: pay out more interest to banks on reserve depausites at

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Speaker 1: the FED than the Central Bank earns from its portfolio

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Speaker 1: of bonds and mortgage backed securities. So, just like any

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Speaker 1: normal bank, they have income and expenses, and because they've

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Speaker 1: changed their rates so much, they're now losing money on that.

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Speaker 1: Unlike Federal agencies that spend tax dollars allocated by Congress.

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Speaker 1: The Fed is self funding, right. It earns from its

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Speaker 1: asset holdings and fees charged to banks for the different

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Speaker 1: types of services at it that it provides, and it

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Speaker 1: used that to pay the roughly six point three billion

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Speaker 1: in annual expenses that they have. They employ about twenty

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Speaker 1: four thousand people in Washington and other cities across the country.

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Speaker 1: What is that per person dan T point three billion

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Speaker 1: divided by twenty four thousand people. See if you can

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Speaker 1: figure that out. But so basically, they have expenses just

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Speaker 1: like anybody else. And now they're losing money. They lost

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Speaker 1: one hundred billion dollars and now they're having to lay

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Speaker 1: off people. As a matter of fact, they had their

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Speaker 1: first layoffs in thirteen years. Now. What's interesting is they have,

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Speaker 1: like I said, they have to start laying people off

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Speaker 1: at a time when lots of people getting laid off.

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Speaker 1: But to see the Federal Reserve have to do this

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Speaker 1: to lay off three hundred people from its payroll this year,

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Speaker 1: it's a pretty big deal. Now, the head count has

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Speaker 1: been growing pretty steadily and pretty rapidly since twenty ten,

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Speaker 1: So maybe it was time for a little bit of proning,

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Speaker 1: but a FED spokesperson said that the cuts are focused

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Speaker 1: more on the staff of the US Central Banks twelve

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Speaker 1: regional Reserve banks, and mainly hit the information technology jobs,

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Speaker 1: including most of them that are just like no longer

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Speaker 1: needed because now they have like cloud based computer software

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Speaker 1: and things like that. So they're saying, it's really not

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Speaker 1: a really big deal. These are jobs that we really

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Speaker 1: didn't need anymore. They're not really affecting us, so we're

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Speaker 1: just trying to cut costs. But it doesn't change the

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Speaker 1: fact that they're losing one hundred billion dollars, So that

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Speaker 1: comes out to one hundred and ninety thousand dollars per

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Speaker 1: person they'd be paying. Wow, it's a good job to

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Speaker 1: be a banker. One hundred ninety thousand dollars average. I'm

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Speaker 1: guessing obviously some people make a lot more than that,

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Speaker 1: and some people make a lot less than that. But

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Speaker 1: what's interesting to know is that, you know, the FED

429
00:21:22,000 --> 00:21:24,879
Speaker 1: typically generates the profit doing this, it always has, and

430
00:21:24,920 --> 00:21:27,120
Speaker 1: what does it do with those profits. Well, the profits

431
00:21:27,200 --> 00:21:29,520
Speaker 1: go to the government. It goes to the US Treasury.

432
00:21:29,840 --> 00:21:33,240
Speaker 1: But since the Central Bank has been losing money, then

433
00:21:33,280 --> 00:21:38,000
Speaker 1: there's no money going to the treasury. So what does

434
00:21:38,000 --> 00:21:39,960
Speaker 1: the treasury do. Well, the treasury is losing money. Treasury

435
00:21:40,000 --> 00:21:42,560
Speaker 1: is losing money from a lot of places. Tax receipts

436
00:21:42,560 --> 00:21:46,159
Speaker 1: have completely plunged, so the Fed has been raising rates higher,

437
00:21:46,560 --> 00:21:49,080
Speaker 1: you know, so we haven't seen you know, prices of things,

438
00:21:49,680 --> 00:21:51,239
Speaker 1: Asset prices going up, so there's not a lot of

439
00:21:51,400 --> 00:21:54,840
Speaker 1: capital gains being taken. Incomes have gone down, so tax

440
00:21:54,880 --> 00:21:57,640
Speaker 1: receipts have plunged. So we have the Fed not giving

441
00:21:57,680 --> 00:21:59,480
Speaker 1: them money. I think about three hundred billion dollars they

442
00:21:59,560 --> 00:22:02,840
Speaker 1: lost that taxi seats to plunge. The treasuries going broke,

443
00:22:04,840 --> 00:22:06,960
Speaker 1: and this is a big, big sign of where things

444
00:22:07,000 --> 00:22:11,840
Speaker 1: are going. Now, how did all this happen? Well, we

445
00:22:11,880 --> 00:22:15,200
Speaker 1: can probably go back to the pandemic when the FED

446
00:22:15,480 --> 00:22:19,080
Speaker 1: lowered rates to the lowest rate in history, right, basically

447
00:22:19,119 --> 00:22:21,520
Speaker 1: a zero, in order to service the debt. Then the

448
00:22:21,560 --> 00:22:23,680
Speaker 1: Fed in less than the eyear, purchased four point seven

449
00:22:23,720 --> 00:22:26,560
Speaker 1: trillion in additional assets, including two point five trillion mortgage

450
00:22:26,600 --> 00:22:29,880
Speaker 1: backed securities. Central bankers invested this money in the form

451
00:22:29,920 --> 00:22:34,440
Speaker 1: of long term loans locked in at very low rates.

452
00:22:34,880 --> 00:22:37,200
Speaker 1: But then they started to raise the rates. You've heard

453
00:22:37,240 --> 00:22:39,440
Speaker 1: the story before. It's what happened in the banking crisis,

454
00:22:40,520 --> 00:22:42,399
Speaker 1: and as they started to raise the rates, it caused

455
00:22:42,480 --> 00:22:46,560
Speaker 1: them to have losses. In just the first two quarters

456
00:22:46,600 --> 00:22:49,199
Speaker 1: of twenty twenty three, the Fed incurred a net loss

457
00:22:49,600 --> 00:22:55,000
Speaker 1: of fifty three point five billion on interest expense. Uh, no,

458
00:22:55,080 --> 00:22:57,360
Speaker 1: big deal. Just half the year, we lost fifty three

459
00:22:57,400 --> 00:23:00,320
Speaker 1: billion on interest expense. And this is only getting worse.

460
00:23:00,760 --> 00:23:04,720
Speaker 1: The higher rates go, the longer rates stay higher, the

461
00:23:04,720 --> 00:23:08,120
Speaker 1: more the credit markets stay tighter, get tighter, the more

462
00:23:08,160 --> 00:23:11,400
Speaker 1: they continue to lose. It's a big deal. It's a really, really,

463
00:23:11,480 --> 00:23:15,000
Speaker 1: really big deal. On top of that, we see, like

464
00:23:15,080 --> 00:23:18,280
Speaker 1: I said, the Treasury is also going broke and the

465
00:23:18,320 --> 00:23:20,920
Speaker 1: world seeing this. The world's watching this, which is why

466
00:23:20,960 --> 00:23:23,440
Speaker 1: we've been seeing the US credit rating start getting cut.

467
00:23:24,000 --> 00:23:26,600
Speaker 1: What happens when your credit rating starts getting cut, well,

468
00:23:26,600 --> 00:23:29,240
Speaker 1: when your credit race star starts getting cut, people don't

469
00:23:29,320 --> 00:23:32,239
Speaker 1: want to extend you the same amount of credit. And

470
00:23:32,280 --> 00:23:35,200
Speaker 1: that's exactly what's starting to happen. And now the Treasury

471
00:23:35,240 --> 00:23:38,840
Speaker 1: is starting to have problems with people buying their treasury

472
00:23:38,880 --> 00:23:40,800
Speaker 1: notes or buying the debt. They don't want to buy it,

473
00:23:41,480 --> 00:23:44,280
Speaker 1: and that's causing rates to go higher and higher and higher.

474
00:23:44,280 --> 00:23:47,120
Speaker 1: But that's also causing a problem. It's only exaggerating the problem.

475
00:23:47,359 --> 00:23:49,320
Speaker 1: But don't worry. They got a plan. They got a plan.

476
00:23:49,600 --> 00:23:54,399
Speaker 1: So now it appears that the Treasury wants to start

477
00:23:54,520 --> 00:23:58,720
Speaker 1: buying back the bonds. The resilience of the world's biggest

478
00:23:58,720 --> 00:24:01,440
Speaker 1: bond market is the top prim as US debt officials

479
00:24:01,480 --> 00:24:05,760
Speaker 1: prepared to start buying back government debt, according to Josh Frosch,

480
00:24:05,800 --> 00:24:09,240
Speaker 1: the Treasury Department's Assistant Secretary for Financial Markets. So they

481
00:24:09,240 --> 00:24:12,440
Speaker 1: want to start buying it back. Why would they do that, Well,

482
00:24:12,600 --> 00:24:15,639
Speaker 1: because the bonds have lost money, so they have to

483
00:24:15,720 --> 00:24:19,560
Speaker 1: buy them back at a discount, so they're losing money.

484
00:24:19,840 --> 00:24:22,080
Speaker 1: Frost At. Our goal is to quote ensure that the

485
00:24:22,119 --> 00:24:24,879
Speaker 1: treasury market remains the deepest and most liquid market in

486
00:24:24,880 --> 00:24:27,320
Speaker 1: the world, even if we have to pretend that it's

487
00:24:27,320 --> 00:24:28,720
Speaker 1: working and we have to lose a lot of money

488
00:24:28,760 --> 00:24:30,520
Speaker 1: to do that. He didn't say that. I added that.

489
00:24:30,680 --> 00:24:33,000
Speaker 1: But the Treasury is expected in twenty twenty four to

490
00:24:33,040 --> 00:24:35,119
Speaker 1: start regularly purchasing its bonds for the first time in

491
00:24:35,160 --> 00:24:38,399
Speaker 1: more than two decades, a move that comes after years

492
00:24:38,400 --> 00:24:41,560
Speaker 1: of increasing scrutiny on Wall Street about the twenty five

493
00:24:41,720 --> 00:24:46,800
Speaker 1: trillion dollar markets underlying fragility. Now, there's two different things

494
00:24:46,840 --> 00:24:49,240
Speaker 1: they're really trying to do with this right. One they

495
00:24:49,240 --> 00:24:53,040
Speaker 1: want to create They want to help keep the liquidity

496
00:24:53,119 --> 00:24:55,240
Speaker 1: in the pockets of the market and to help kind

497
00:24:55,240 --> 00:24:57,640
Speaker 1: of smooth out the voulty of the bill issuance as

498
00:24:57,680 --> 00:25:00,639
Speaker 1: it manages its cash balance. Right, So they have to

499
00:25:00,680 --> 00:25:03,040
Speaker 1: start buying these things back. They want to keep the

500
00:25:03,119 --> 00:25:05,119
Speaker 1: liquidity going. They can't have some of these things go

501
00:25:05,240 --> 00:25:09,600
Speaker 1: no bid that would not work good. Frost said that

502
00:25:09,640 --> 00:25:12,760
Speaker 1: the Treasury's liquidity focused buybacks were not intended to address

503
00:25:12,800 --> 00:25:16,120
Speaker 1: periods of acute market stress. The responsibilit that falls under

504
00:25:16,160 --> 00:25:19,080
Speaker 1: the Fed's mandate to ensure financial market stability. So the

505
00:25:19,080 --> 00:25:23,479
Speaker 1: FED has two mandates. One stable prices. They do that

506
00:25:23,520 --> 00:25:26,359
Speaker 1: by trying to maintain a two percent pegged rate to

507
00:25:26,400 --> 00:25:30,320
Speaker 1: inflation two percent inflation. And two they're trying to keep

508
00:25:30,600 --> 00:25:35,480
Speaker 1: stable prices in full employment and keep the financial markets stable,

509
00:25:35,600 --> 00:25:39,520
Speaker 1: keep prices stable, keep the liquidity going. But if they

510
00:25:39,760 --> 00:25:42,240
Speaker 1: don't continue to keep the liquidity going, then the whole

511
00:25:42,359 --> 00:25:44,639
Speaker 1: system starts to fall apart. It's just too much stress

512
00:25:44,640 --> 00:25:47,399
Speaker 1: on the system. In August, the Treasury announced the first

513
00:25:47,400 --> 00:25:49,480
Speaker 1: increase in the sale of notes and bonds and over

514
00:25:49,520 --> 00:25:52,960
Speaker 1: a two and a half years to address a growing

515
00:25:53,000 --> 00:25:55,240
Speaker 1: fiscal deficit and the lack of support from the FED

516
00:25:55,280 --> 00:25:57,680
Speaker 1: as the central bank rolls dead off its balance sheet

517
00:25:57,720 --> 00:26:00,520
Speaker 1: through quantitative tightening. So they've been trying to get rid

518
00:26:00,560 --> 00:26:03,480
Speaker 1: of a lot of this debt. That's the problem. It's

519
00:26:03,560 --> 00:26:06,040
Speaker 1: tightening the system. But when they tighten the system, the

520
00:26:06,480 --> 00:26:10,720
Speaker 1: liquidity goes away. The real story here is the Treasury

521
00:26:10,760 --> 00:26:15,280
Speaker 1: is already shifting to quantitative easing, while the FED continues

522
00:26:15,320 --> 00:26:18,240
Speaker 1: to pretend that it's tightening. And so this is where

523
00:26:18,240 --> 00:26:21,040
Speaker 1: it's interesting. So what we're really seeing is a battle.

524
00:26:21,680 --> 00:26:24,399
Speaker 1: We have the FED, Jerome Powell, and the Federal Reserve

525
00:26:24,960 --> 00:26:27,560
Speaker 1: sort of at odds and fighting against Janet yelling at

526
00:26:27,560 --> 00:26:30,479
Speaker 1: the US Treasury. The US Treasury wants to continue to

527
00:26:30,560 --> 00:26:33,399
Speaker 1: spend money, continue to print money, but the FED is

528
00:26:33,480 --> 00:26:36,760
Speaker 1: trying to bring maybe a little bit of austerity back

529
00:26:36,800 --> 00:26:40,160
Speaker 1: to the dollar to keep the dollar strong. You always

530
00:26:40,200 --> 00:26:42,719
Speaker 1: hear that they don't want to give up control over money. Well,

531
00:26:42,760 --> 00:26:45,640
Speaker 1: who doesn't want to give up control over money? The

532
00:26:45,680 --> 00:26:48,040
Speaker 1: FED doesn't want to lose control to the ECB or

533
00:26:48,040 --> 00:26:51,520
Speaker 1: to the boj or the PBOC, And so the Fed

534
00:26:51,600 --> 00:26:53,800
Speaker 1: wants to rein in the spending. They want to keep

535
00:26:53,840 --> 00:26:56,760
Speaker 1: the dollar strong. They don't want to lose control over money.

536
00:26:57,000 --> 00:27:00,240
Speaker 1: But the Treasury is spending like a drunken sailor. Now

537
00:27:00,240 --> 00:27:02,360
Speaker 1: the two are odds with each other. It's an interesting

538
00:27:02,440 --> 00:27:04,600
Speaker 1: dynamic to watch play out. But don't worry. I'll keep

539
00:27:04,640 --> 00:27:06,160
Speaker 1: you up the date. If you're just tuning in, you're

540
00:27:06,160 --> 00:27:09,720
Speaker 1: listening to the Mark Mass Show. We're always talking about

541
00:27:09,760 --> 00:27:12,280
Speaker 1: the economy. Now. One of the best ways to protect

542
00:27:12,280 --> 00:27:15,360
Speaker 1: yourself as all this goes down is to completely sidestep

543
00:27:15,440 --> 00:27:18,680
Speaker 1: all of this madness and get out of the banking

544
00:27:18,720 --> 00:27:21,080
Speaker 1: sector altogether. If you're just tune in, you're listening to

545
00:27:21,119 --> 00:27:23,120
Speaker 1: the Mark Mass Show. Run through some of the latest

546
00:27:23,160 --> 00:27:24,919
Speaker 1: breaking news headlines this week. I got a lot more

547
00:27:24,960 --> 00:27:27,320
Speaker 1: to cover when I come back after this very short break.

548
00:27:27,640 --> 00:27:30,000
Speaker 1: Don't go away. I'll be right back, all right, Welcome back.

549
00:27:30,000 --> 00:27:31,600
Speaker 1: If you're just tune in, you're listening to the Mark

550
00:27:31,640 --> 00:27:34,360
Speaker 1: Mass Show. We're talking about the latest breaking news headlines

551
00:27:34,400 --> 00:27:36,800
Speaker 1: of this week, so we can see the signposts of

552
00:27:36,960 --> 00:27:40,359
Speaker 1: this decentralized revolution that we're leading. We're leading into that

553
00:27:40,400 --> 00:27:44,320
Speaker 1: the world's going into and I want to talk boy

554
00:27:44,400 --> 00:27:48,199
Speaker 1: about this story. It's the government showdown. It's the government

555
00:27:48,240 --> 00:27:52,200
Speaker 1: shutdown showdown. And we've talked about this before. It's nothing new.

556
00:27:52,200 --> 00:27:54,359
Speaker 1: As a matter of fact, the government's gonna get shut

557
00:27:54,400 --> 00:27:56,480
Speaker 1: down all the time because we have this dead ceiling

558
00:27:56,520 --> 00:27:59,400
Speaker 1: and we constantly get here. We've covered it extensively just recently.

559
00:27:59,440 --> 00:28:02,960
Speaker 1: It's sort of start's getting old after a minute, doesn't it.

560
00:28:03,000 --> 00:28:05,960
Speaker 1: But I'm a little bit interested in this one specifically.

561
00:28:07,040 --> 00:28:08,639
Speaker 1: I probably would have skipped over it except for this

562
00:28:08,800 --> 00:28:11,879
Speaker 1: one key piece in here. And it's the same old story.

563
00:28:11,920 --> 00:28:15,080
Speaker 1: You know, Democrats want more spending. Republicans want to pretend

564
00:28:15,400 --> 00:28:18,320
Speaker 1: like they're trying to be a little fisky responsible. Look, man,

565
00:28:18,440 --> 00:28:20,680
Speaker 1: I'll equally point blame at both sides here. If you

566
00:28:20,800 --> 00:28:22,879
Speaker 1: tune into my show regularly, you already know this. The

567
00:28:22,920 --> 00:28:25,400
Speaker 1: Democrats want to spend ten trillion. The Republicans only want

568
00:28:25,400 --> 00:28:27,360
Speaker 1: to spend eight Like they're trying to act like they're

569
00:28:27,400 --> 00:28:29,639
Speaker 1: fiscally restraint, so we're going to spend a little bit

570
00:28:29,720 --> 00:28:32,200
Speaker 1: less money. Either way, they're both both spending money, right,

571
00:28:33,640 --> 00:28:35,959
Speaker 1: But this was a little bit different. And the reason

572
00:28:36,000 --> 00:28:39,760
Speaker 1: why is because, as I spent time in the previous

573
00:28:39,760 --> 00:28:41,880
Speaker 1: section of the show, if you're just tuned in, talking

574
00:28:41,920 --> 00:28:44,720
Speaker 1: about what is going on in Ukraine, how much money

575
00:28:44,760 --> 00:28:47,600
Speaker 1: has the US sent over there, where does the money go,

576
00:28:48,000 --> 00:28:51,960
Speaker 1: and what's really going on? So we know, I'm sure

577
00:28:51,960 --> 00:28:54,720
Speaker 1: you know obviously we have this situation with whether Ukraine

578
00:28:54,760 --> 00:28:58,080
Speaker 1: going on. We've the US the US has sent about

579
00:28:58,120 --> 00:29:01,400
Speaker 1: one hundred billion dollar over there, unaccounted for it. We

580
00:29:01,400 --> 00:29:02,800
Speaker 1: don't know where it is. Weapons have gone over there,

581
00:29:02,800 --> 00:29:04,800
Speaker 1: They've ended up all over the world, all these things.

582
00:29:05,320 --> 00:29:06,840
Speaker 1: What is going on? So we broke that down. If

583
00:29:06,840 --> 00:29:08,360
Speaker 1: you missed that, go listen through on the podcast just

584
00:29:08,360 --> 00:29:10,080
Speaker 1: starts the Mark MOUs Show, or go to YouTube and

585
00:29:10,160 --> 00:29:13,680
Speaker 1: just search Market Disruptors. But here we are facing another

586
00:29:13,720 --> 00:29:16,640
Speaker 1: government shutdown where the government can agree on how much

587
00:29:16,640 --> 00:29:20,160
Speaker 1: more money we should have, and the Republicans are trying

588
00:29:20,200 --> 00:29:23,080
Speaker 1: to hang strong, and specifically there's a House Freedom Caucus.

589
00:29:23,120 --> 00:29:27,080
Speaker 1: So there's a few people that are trying to hold restraint,

590
00:29:27,520 --> 00:29:29,760
Speaker 1: Matt Gates and from Florida and some other people, and

591
00:29:29,760 --> 00:29:33,200
Speaker 1: they're trying to hold McCarthy, the House Speaker, in trying

592
00:29:33,200 --> 00:29:35,360
Speaker 1: to hold him in check here and he's like, don't

593
00:29:35,360 --> 00:29:37,200
Speaker 1: give in don't give in, don't go don't give in.

594
00:29:37,480 --> 00:29:39,479
Speaker 1: And so here we are facing a shutdown. Probably by

595
00:29:39,480 --> 00:29:42,080
Speaker 1: the time you listen to this will probably already be

596
00:29:42,720 --> 00:29:47,720
Speaker 1: somewhere maybe past that. So what's going on. But what's

597
00:29:47,760 --> 00:29:51,720
Speaker 1: got me interested is that we have a couple of things.

598
00:29:51,800 --> 00:29:55,720
Speaker 1: So one, they're threatening us that if this doesn't go

599
00:29:55,800 --> 00:29:59,440
Speaker 1: through and the government shuts down, then all these public

600
00:29:59,480 --> 00:30:02,760
Speaker 1: services you need, want like, and depend on will be

601
00:30:02,920 --> 00:30:05,120
Speaker 1: shut down. So you know, if you work at a

602
00:30:05,160 --> 00:30:07,600
Speaker 1: library or a national park, you won't be able to

603
00:30:07,600 --> 00:30:09,960
Speaker 1: go to a national park. And you know, if you're

604
00:30:09,960 --> 00:30:13,920
Speaker 1: a minimum wage employee there, you're not gonna get paid. Meanwhile,

605
00:30:14,200 --> 00:30:18,080
Speaker 1: pretty much all the politicians that can't agree on anything

606
00:30:18,160 --> 00:30:21,120
Speaker 1: or get anything done will continue to get paid. They'll

607
00:30:21,160 --> 00:30:24,680
Speaker 1: get paid, no problem. But you the low level, you know,

608
00:30:24,760 --> 00:30:27,320
Speaker 1: minimum wage worker, you get nothing. You know, else gets

609
00:30:27,320 --> 00:30:31,600
Speaker 1: paid Ukraine. Ukraine continues to get funded but not US

610
00:30:31,840 --> 00:30:35,760
Speaker 1: service members, not our military, but we pay for their military.

611
00:30:37,600 --> 00:30:40,560
Speaker 1: This is a pretty big deal now. They always want

612
00:30:40,560 --> 00:30:42,720
Speaker 1: to talk about. You know, anytime there's a budget cut

613
00:30:42,720 --> 00:30:46,080
Speaker 1: like this, well, you you're gonna lose access to police,

614
00:30:46,360 --> 00:30:49,000
Speaker 1: and you're gonna lose access to schools, and you're gonna

615
00:30:49,000 --> 00:30:54,160
Speaker 1: lose access to parks and recreation and libraries. How about

616
00:30:54,200 --> 00:30:56,320
Speaker 1: the one hundreds of millions of dollars that we send

617
00:30:56,320 --> 00:30:59,880
Speaker 1: to half Afghanistan for like social justice training and like

618
00:31:00,720 --> 00:31:03,560
Speaker 1: gender reassignment. How about we cut those things first. Like

619
00:31:03,600 --> 00:31:06,000
Speaker 1: That's where I would probably start, But they want you

620
00:31:06,080 --> 00:31:08,800
Speaker 1: to feel the pain first, right, This is how they work.

621
00:31:10,200 --> 00:31:11,600
Speaker 1: Gets me a little angry, so I might get a

622
00:31:11,600 --> 00:31:14,000
Speaker 1: little fired up when I'm talking about this, but there

623
00:31:14,160 --> 00:31:18,120
Speaker 1: might be a resolution here. I talked about this earlier.

624
00:31:18,200 --> 00:31:21,880
Speaker 1: Mitch McConnell was talking about how the American people need

625
00:31:21,920 --> 00:31:23,760
Speaker 1: to get this deal done because we need to send

626
00:31:23,760 --> 00:31:26,719
Speaker 1: the money to Ukraine. He said that Ukraine is the

627
00:31:26,920 --> 00:31:32,920
Speaker 1: number one issue for Americans. No, it's not. It's not

628
00:31:33,040 --> 00:31:36,720
Speaker 1: my number one, it's not even my top twenty. I'm guessing,

629
00:31:36,800 --> 00:31:38,320
Speaker 1: and I'd like to hear from you. Hit me up

630
00:31:38,360 --> 00:31:42,320
Speaker 1: on social media. I'm guessing you probably care more about

631
00:31:42,360 --> 00:31:45,000
Speaker 1: all the violence in the cities, like what's happened in

632
00:31:45,040 --> 00:31:47,959
Speaker 1: Philadelphia this week, what happens in Oakland and San Francisco

633
00:31:48,000 --> 00:31:51,240
Speaker 1: and Seattle. You probably care about that. You probably care

634
00:31:51,240 --> 00:31:53,840
Speaker 1: about all of these stores getting looted out and having

635
00:31:53,840 --> 00:31:56,960
Speaker 1: to close down everywhere. You probably care about that. You

636
00:31:57,040 --> 00:32:00,400
Speaker 1: probably care about all the corruption and government care about that.

637
00:32:00,400 --> 00:32:04,320
Speaker 1: You probably care about political opponents being weaponized and or

638
00:32:04,360 --> 00:32:06,880
Speaker 1: the dog being weaponized against political opponents. You probably care

639
00:32:06,880 --> 00:32:08,760
Speaker 1: about that. You probably care about all these people in

640
00:32:08,800 --> 00:32:10,840
Speaker 1: Congress doing inside of trading all that frauds game. You

641
00:32:10,880 --> 00:32:13,800
Speaker 1: probably care about Menindez getting caught for bribing with gold bars.

642
00:32:13,800 --> 00:32:16,440
Speaker 1: You probably care about the Biden crime syndicate. You probably

643
00:32:16,440 --> 00:32:20,240
Speaker 1: care about those things. You probably care about transvestites dancing

644
00:32:20,280 --> 00:32:21,720
Speaker 1: at you kids schools. You probably care about that. You

645
00:32:21,760 --> 00:32:24,840
Speaker 1: probably care about Gavin Newsom trying to shove these pornographic

646
00:32:24,840 --> 00:32:26,920
Speaker 1: books down into elementary kids throats. You probably care about that.

647
00:32:27,000 --> 00:32:29,720
Speaker 1: You probably care about the head of the Department of

648
00:32:29,800 --> 00:32:32,120
Speaker 1: Education saying that parents have no right to talk about

649
00:32:32,160 --> 00:32:34,800
Speaker 1: their kids education. You probably care about that. There's probably

650
00:32:35,000 --> 00:32:37,480
Speaker 1: twenty thirty, forty fifty things you care about before you

651
00:32:37,560 --> 00:32:41,600
Speaker 1: care about Ukraine. You probably care about the seven million

652
00:32:41,640 --> 00:32:43,720
Speaker 1: people that have come across the border in the last

653
00:32:43,720 --> 00:32:47,080
Speaker 1: couple of years. Three hundred thousand people coming across the

654
00:32:47,120 --> 00:32:51,280
Speaker 1: southern border just last month alone. New York City is

655
00:32:51,320 --> 00:32:56,880
Speaker 1: spending billions of dollars to house these illegal immigrants at

656
00:32:56,920 --> 00:32:58,719
Speaker 1: a time when they're broke, they have no money. How

657
00:32:58,760 --> 00:33:01,360
Speaker 1: are they going to fund this. They're kicking World War

658
00:33:01,400 --> 00:33:04,520
Speaker 1: two or Korea War veterans out of their housing to

659
00:33:04,600 --> 00:33:08,040
Speaker 1: make room for illegal aliens. The border is completely open.

660
00:33:08,080 --> 00:33:12,160
Speaker 1: They're coming across with zero screening, zero background checks. We

661
00:33:12,360 --> 00:33:17,120
Speaker 1: know that the cartels in Mexico are using this, They're

662
00:33:17,200 --> 00:33:19,920
Speaker 1: egging this on. They're incentivizing these people to flood the

663
00:33:19,920 --> 00:33:23,080
Speaker 1: borders so they can push all their drugs up into

664
00:33:23,120 --> 00:33:27,760
Speaker 1: the borders. We know this. You probably care about that.

665
00:33:27,760 --> 00:33:30,680
Speaker 1: That might actually be the number one issue in America

666
00:33:30,800 --> 00:33:32,480
Speaker 1: right now. And it doesn't matter which side of the

667
00:33:32,480 --> 00:33:35,240
Speaker 1: political alley you're on, even if you're from another country,

668
00:33:35,240 --> 00:33:37,600
Speaker 1: you care about this because it's exactly why you left

669
00:33:37,640 --> 00:33:41,239
Speaker 1: your country to begin with. Nobody wants this, and this

670
00:33:41,280 --> 00:33:44,160
Speaker 1: is why it's important. Well, McConnell says that Ukraine's number

671
00:33:44,200 --> 00:33:46,840
Speaker 1: one priority. No no, no, no. The border, in my opinion,

672
00:33:46,840 --> 00:33:49,120
Speaker 1: has to be the number one priority right now. Three

673
00:33:49,160 --> 00:33:53,400
Speaker 1: hundred thousand people just last month. The US border patrol

674
00:33:53,480 --> 00:33:57,320
Speaker 1: spends twenty five billion dollars a year. Why why are

675
00:33:57,360 --> 00:33:58,880
Speaker 1: we spend twenty five million dollars a year on the

676
00:33:58,880 --> 00:34:01,720
Speaker 1: border patrol. If they're not even stopping anybody, we should

677
00:34:01,720 --> 00:34:04,560
Speaker 1: at least just stop running that. How we just shut

678
00:34:04,560 --> 00:34:06,440
Speaker 1: the port patrol down. That's saved this twenty five billion

679
00:34:06,440 --> 00:34:09,680
Speaker 1: a year. So what's interesting about this debt celling debate

680
00:34:10,719 --> 00:34:13,640
Speaker 1: is that finally McCarthy came to the table and said, Okay, fine,

681
00:34:13,800 --> 00:34:17,759
Speaker 1: we will put together a bill to provide funding for

682
00:34:18,360 --> 00:34:22,480
Speaker 1: keep the government going if if we can restart construction

683
00:34:22,640 --> 00:34:27,200
Speaker 1: of the US Mexican border wall, that's it. Now. That

684
00:34:27,280 --> 00:34:29,440
Speaker 1: to me seems like the number one issue. That should

685
00:34:29,440 --> 00:34:33,040
Speaker 1: be a pretty easy concession to make. We'll keep the

686
00:34:33,040 --> 00:34:35,359
Speaker 1: government up open, we'll give you all the money you need,

687
00:34:35,440 --> 00:34:38,879
Speaker 1: but let's do something on the border. The government can't

688
00:34:38,960 --> 00:34:40,719
Speaker 1: keep this open any long. We have to show the

689
00:34:40,800 --> 00:34:45,680
Speaker 1: nation that we'll do what's right. Nope, Biden says, Nope,

690
00:34:45,719 --> 00:34:49,479
Speaker 1: it's not gonna happen. Why won't that happen? Why won't

691
00:34:49,520 --> 00:34:53,279
Speaker 1: they address the single biggest issue that's happening right now.

692
00:34:53,360 --> 00:34:58,360
Speaker 1: Three hundred thousand people, buses showing up everywhere. Of these people,

693
00:34:58,960 --> 00:35:02,320
Speaker 1: it's almost like they want to keep it open. Let's

694
00:35:02,320 --> 00:35:05,720
Speaker 1: just look at this. So McCarthy says, hey, let's restart

695
00:35:05,840 --> 00:35:08,840
Speaker 1: construction on the border wall. Well, we know in August

696
00:35:08,920 --> 00:35:12,560
Speaker 1: of this year August twenty twenty three, Biden administration is

697
00:35:12,719 --> 00:35:17,760
Speaker 1: quietly selling off border wall parts to thwart a GOP

698
00:35:18,040 --> 00:35:21,920
Speaker 1: push to use them. The Biden administration is quietly auctioned

699
00:35:21,920 --> 00:35:24,520
Speaker 1: off millions of dollars worth of unused parts from the

700
00:35:24,600 --> 00:35:28,480
Speaker 1: border wall for peanuts in an apparent in run around

701
00:35:28,719 --> 00:35:33,080
Speaker 1: pending legislation in Congress. So there was potentially legislation laws

702
00:35:33,120 --> 00:35:34,759
Speaker 1: that were going to come through Congress that was going

703
00:35:34,800 --> 00:35:37,520
Speaker 1: to make them have to reuse them. So he's that, Shoot,

704
00:35:37,600 --> 00:35:39,560
Speaker 1: what we'll do is we'll just dump all this stuff

705
00:35:39,600 --> 00:35:41,799
Speaker 1: before the law gets passed. That way, if the law

706
00:35:41,840 --> 00:35:44,120
Speaker 1: gets passed, we can just say we don't have anymore. Now,

707
00:35:44,400 --> 00:35:48,040
Speaker 1: I know from asset protection strategies that if you move

708
00:35:48,239 --> 00:35:52,160
Speaker 1: to hide your assets knowing that there's pending litigation against you,

709
00:35:52,400 --> 00:35:56,160
Speaker 1: that's illegal. You would think this would be illegal as well.

710
00:35:57,000 --> 00:36:02,360
Speaker 1: President Biden is selling off parts specifically because he was

711
00:36:02,400 --> 00:36:04,279
Speaker 1: afraid legislation might come say they have to build a

712
00:36:04,320 --> 00:36:07,920
Speaker 1: border wall. And now so you obviously know what his

713
00:36:08,000 --> 00:36:12,960
Speaker 1: intent is. They want the migrants to come here. They

714
00:36:13,040 --> 00:36:15,960
Speaker 1: want your town to get flooded. They want your Korean

715
00:36:16,000 --> 00:36:18,200
Speaker 1: war vets to get kicked out of their hotels. They

716
00:36:18,239 --> 00:36:20,960
Speaker 1: want New York City to spend billions of dollars that

717
00:36:21,000 --> 00:36:27,600
Speaker 1: they can't afford. Why why would they want that? I

718
00:36:27,640 --> 00:36:29,760
Speaker 1: just did a video on a main YouTube channel breaking

719
00:36:29,800 --> 00:36:34,040
Speaker 1: down this immigrant situation, and I gave two possible scenarios.

720
00:36:34,080 --> 00:36:35,920
Speaker 1: One is the most likely. If you really want to

721
00:36:35,920 --> 00:36:37,120
Speaker 1: know what that is, go watch it on my main

722
00:36:37,120 --> 00:36:39,560
Speaker 1: youtub panel. Just search Mark Moss on there on the

723
00:36:39,600 --> 00:36:42,799
Speaker 1: immigration problem. But we'll see if the government stays open

724
00:36:42,840 --> 00:36:44,799
Speaker 1: or not. Here we have a deal. Hey, we'll give

725
00:36:44,800 --> 00:36:46,600
Speaker 1: you the funny we need, but only if we can

726
00:36:46,600 --> 00:36:50,239
Speaker 1: build the border. If it doesn't happen, then you know

727
00:36:50,280 --> 00:36:53,640
Speaker 1: what Biden wants. Bring on the immigrants. Let's flood the system.

728
00:36:53,680 --> 00:36:56,040
Speaker 1: Let's overwhelm the system. Let's bring the system down. If

729
00:36:56,080 --> 00:36:57,600
Speaker 1: you're just tuning in to listen to the Mark Mas Show,

730
00:36:57,640 --> 00:36:59,360
Speaker 1: run through some of the latest breaking news headlines this

731
00:36:59,360 --> 00:37:01,200
Speaker 1: week and giving you I spend an opinion on, hopefully

732
00:37:01,239 --> 00:37:03,560
Speaker 1: appreciate that that's what I got. Thanks so much for listening.

733
00:37:03,640 --> 00:37:04,239
Speaker 1: Until next time,