1 00:00:00,080 --> 00:00:02,600 Speaker 1: Hello, and welcome to another episode of The Mark Moss Show, 2 00:00:02,600 --> 00:00:07,760 Speaker 1: where we talk about the decentralized revolution whatever that whatever 3 00:00:07,800 --> 00:00:10,160 Speaker 1: that means, talking about the way the world is changing, 4 00:00:10,320 --> 00:00:12,200 Speaker 1: and we look at it through the links of politics, finance, 5 00:00:12,240 --> 00:00:15,080 Speaker 1: and technology to understand what's going on in the world 6 00:00:16,040 --> 00:00:18,000 Speaker 1: because it's changing. As I say, the world we're going 7 00:00:18,000 --> 00:00:20,280 Speaker 1: into is not the one that we're leaving behind. And man, 8 00:00:20,400 --> 00:00:23,560 Speaker 1: is it moving fast. It is moving fast. We're gonna 9 00:00:23,600 --> 00:00:25,279 Speaker 1: talk about a lot today. We have a lot to cover. 10 00:00:25,600 --> 00:00:28,720 Speaker 1: There is lots of news going on about the dollar 11 00:00:28,880 --> 00:00:31,400 Speaker 1: losing its reserve status in the world, lots of talk 12 00:00:31,480 --> 00:00:35,120 Speaker 1: about Saudi Arabia joining the bricks nations, the dollars losing 13 00:00:35,120 --> 00:00:39,040 Speaker 1: the reserve currency status. Oil is being traded in yuan 14 00:00:39,200 --> 00:00:42,840 Speaker 1: not in the US dollar, all these things. Last night 15 00:00:43,080 --> 00:00:47,160 Speaker 1: I got two emergency phone calls, one from my friend's wife, 16 00:00:48,280 --> 00:00:51,400 Speaker 1: another one from my friend. I'm worried about my money 17 00:00:51,400 --> 00:00:53,640 Speaker 1: in the bank. What's going to happen? So we're gonna 18 00:00:53,640 --> 00:00:56,280 Speaker 1: break all this down. We're gonna break down what is 19 00:00:56,360 --> 00:01:00,120 Speaker 1: going on with the dollar with the reserve currency status, 20 00:00:59,720 --> 00:01:03,200 Speaker 1: Whats going on with China and Russia getting together and 21 00:01:03,280 --> 00:01:06,240 Speaker 1: conspiring yes, that's a real thing, Zee and putin getting 22 00:01:06,280 --> 00:01:09,440 Speaker 1: together what's going on with the bricks nations? What about 23 00:01:09,440 --> 00:01:11,880 Speaker 1: Saudi Arabia? What if the dollars a reserve currens task? 24 00:01:11,959 --> 00:01:13,720 Speaker 1: What does that mean for your money? You're purchasing power 25 00:01:13,720 --> 00:01:17,080 Speaker 1: and all these other things. So we got a big 26 00:01:17,280 --> 00:01:20,400 Speaker 1: hour to go through, lots of talk about and discuss. 27 00:01:20,760 --> 00:01:22,960 Speaker 1: So I want to break this down. Like I said, 28 00:01:22,959 --> 00:01:24,800 Speaker 1: I had to get on two emergency phone calls just 29 00:01:25,000 --> 00:01:28,679 Speaker 1: last night to diffuse the situation, to walk people off 30 00:01:28,680 --> 00:01:30,479 Speaker 1: of a cliff. And so I want to break it 31 00:01:30,520 --> 00:01:34,280 Speaker 1: down for you. Now. This has, I want to say, 32 00:01:34,280 --> 00:01:39,280 Speaker 1: it's reached a feverish pitch because we saw Fox News 33 00:01:39,959 --> 00:01:44,720 Speaker 1: talking about this, talking about the dollar losing its reserve status, 34 00:01:45,280 --> 00:01:49,080 Speaker 1: and you might you might understand or believe that, you know, 35 00:01:49,320 --> 00:01:51,520 Speaker 1: Fox would talk about that because Fox talks about things 36 00:01:51,560 --> 00:01:56,720 Speaker 1: like that, but it would it was on CNN. CNN 37 00:01:56,800 --> 00:01:59,640 Speaker 1: was talking about it. When CNN talks about it, you 38 00:01:59,720 --> 00:02:04,600 Speaker 1: have you have to imagine what are the conversations like 39 00:02:04,840 --> 00:02:09,000 Speaker 1: that's led to it getting to that point. Imagine the 40 00:02:09,040 --> 00:02:13,480 Speaker 1: conversations that are happening in Washington, you know, and other 41 00:02:13,560 --> 00:02:17,160 Speaker 1: newsrooms before CNN actively comes out and talks about the 42 00:02:17,240 --> 00:02:19,760 Speaker 1: dollar losing its reserve status in the world. So what 43 00:02:19,880 --> 00:02:23,280 Speaker 1: does that mean? Reserve status? What does it mean if 44 00:02:23,320 --> 00:02:28,720 Speaker 1: it's losing the reserve status, and more importantly, what do 45 00:02:28,880 --> 00:02:32,480 Speaker 1: you care? What do you care? Well, let's talk about 46 00:02:32,480 --> 00:02:34,959 Speaker 1: that again. If you're tuning in, you're listening to the 47 00:02:35,000 --> 00:02:38,440 Speaker 1: Markmas Show. We talk about, of course, the decentralized Revolution, 48 00:02:38,480 --> 00:02:40,720 Speaker 1: and part of this is how the world is breaking apart, 49 00:02:40,760 --> 00:02:44,679 Speaker 1: in from a singular, a unipolar world into a multipolar world. 50 00:02:44,680 --> 00:02:48,680 Speaker 1: So the US since nineteen forty four has been the 51 00:02:49,080 --> 00:02:53,720 Speaker 1: global superpower, and the US dollar has been the global 52 00:02:53,840 --> 00:02:57,240 Speaker 1: reserve currency of the world in nineteen forty four, the 53 00:02:57,400 --> 00:02:59,919 Speaker 1: entire world. Let's go back a little bit further, all right, 54 00:03:00,160 --> 00:03:03,000 Speaker 1: So there's been lots of superpowers in the world, and 55 00:03:03,040 --> 00:03:05,240 Speaker 1: there's been lots of reserve currencies in the world. I'm 56 00:03:05,240 --> 00:03:07,000 Speaker 1: not going to go back all the way through history, 57 00:03:07,240 --> 00:03:12,680 Speaker 1: but just know that England and the pounds sterling was 58 00:03:12,720 --> 00:03:15,960 Speaker 1: the superpower and the pounds sterling was the reserve currency 59 00:03:16,040 --> 00:03:19,760 Speaker 1: of the world before the dollar now, so we don't 60 00:03:19,760 --> 00:03:21,160 Speaker 1: need to go back too much further than that. But 61 00:03:21,360 --> 00:03:24,280 Speaker 1: what happened is is England and France went to war 62 00:03:24,520 --> 00:03:26,880 Speaker 1: against Germany. England and France got together to go to 63 00:03:26,880 --> 00:03:29,399 Speaker 1: war with against Germany. That's known as World War One. 64 00:03:29,960 --> 00:03:32,960 Speaker 1: And in that war, they didn't have enough money to 65 00:03:33,000 --> 00:03:34,720 Speaker 1: go to war. They should have never gone to war, 66 00:03:35,200 --> 00:03:38,760 Speaker 1: but the United States bankers JP Morgan said, Oh, don't worry, 67 00:03:38,760 --> 00:03:40,880 Speaker 1: we'll loan you a bunch of money. So they loaned 68 00:03:40,920 --> 00:03:42,480 Speaker 1: them a bunch of money to go to war, which 69 00:03:42,480 --> 00:03:46,600 Speaker 1: basically bankrupt them. And these nations spent all the money 70 00:03:46,600 --> 00:03:49,880 Speaker 1: they had to go to war, and they had to 71 00:03:49,920 --> 00:03:55,120 Speaker 1: give up all of their gold. And the US when 72 00:03:55,120 --> 00:03:56,640 Speaker 1: they spent all that money to go to war, where 73 00:03:56,640 --> 00:03:58,640 Speaker 1: do they spend it? When they spent it for supplies, 74 00:03:58,800 --> 00:04:00,520 Speaker 1: So most of that money actually came back to the 75 00:04:00,600 --> 00:04:03,480 Speaker 1: United States, and the United States was able to stockpile 76 00:04:03,520 --> 00:04:06,720 Speaker 1: the gold. United States didn't want their debt because if 77 00:04:06,720 --> 00:04:09,560 Speaker 1: they lose the war, who's going to pay it? So 78 00:04:09,840 --> 00:04:11,680 Speaker 1: we took their gold and as a matter of fact, 79 00:04:11,720 --> 00:04:14,160 Speaker 1: after the war, the United States became I believe the 80 00:04:14,240 --> 00:04:16,720 Speaker 1: United States owned two thirds of all the gold in 81 00:04:16,760 --> 00:04:20,920 Speaker 1: the world. The US had all had the balance sheet 82 00:04:21,040 --> 00:04:23,640 Speaker 1: fortress balance sheet as it might be called, and so 83 00:04:23,680 --> 00:04:26,599 Speaker 1: they had had all the gold and so basically the 84 00:04:26,680 --> 00:04:29,400 Speaker 1: pounds sterling kind of lost its place. They printed too much, 85 00:04:29,440 --> 00:04:31,160 Speaker 1: it was inflated in a way. Nobody wanted to hold 86 00:04:31,160 --> 00:04:33,880 Speaker 1: it anymore. The dollar now was kind of this strong 87 00:04:33,960 --> 00:04:35,839 Speaker 1: currency because it had all the gold in the world 88 00:04:35,880 --> 00:04:38,080 Speaker 1: backing it, and they went to nineteen forty four to 89 00:04:38,120 --> 00:04:40,720 Speaker 1: Breton Woods Agreement. Now this went after World War two, 90 00:04:40,800 --> 00:04:42,479 Speaker 1: world War one, and the World War two. After World 91 00:04:42,480 --> 00:04:46,000 Speaker 1: War two, ninety forty four, the world got together and 92 00:04:46,040 --> 00:04:49,120 Speaker 1: created what's known as the IMF International Monetary Fund, and 93 00:04:49,160 --> 00:04:53,919 Speaker 1: they declared from on high, this is the new reserve 94 00:04:53,960 --> 00:04:55,400 Speaker 1: currency of the world. And the way it worked is 95 00:04:55,400 --> 00:04:57,359 Speaker 1: that the dollar would be pegged a gold so you 96 00:04:57,360 --> 00:05:00,359 Speaker 1: would be able to exchange thirty five US dollars for 97 00:05:00,560 --> 00:05:03,280 Speaker 1: one ounce of gold. It was always convertible, and so 98 00:05:03,320 --> 00:05:06,679 Speaker 1: the dollar was a proxy. It was an IOU claim 99 00:05:06,800 --> 00:05:10,080 Speaker 1: it was backed by gold, and then all the currencies 100 00:05:10,080 --> 00:05:13,480 Speaker 1: of the world would peg to the dollar. Well most 101 00:05:13,520 --> 00:05:15,320 Speaker 1: of the really, all the currencies of the world are 102 00:05:15,320 --> 00:05:18,080 Speaker 1: still pegged to the dollar, except for the dollars, not 103 00:05:18,080 --> 00:05:20,800 Speaker 1: pegged to gold anymore. So when you hear things you 104 00:05:20,839 --> 00:05:23,359 Speaker 1: know you'll hear about like with bitcoin, for example, what's 105 00:05:23,360 --> 00:05:27,080 Speaker 1: it backed by? Well, only debt has to be backed 106 00:05:27,120 --> 00:05:31,279 Speaker 1: by something. The dollar was debt, it was redeemable that debt. 107 00:05:31,279 --> 00:05:35,160 Speaker 1: It was a debt certificate, an IOU, a promissory note 108 00:05:35,279 --> 00:05:37,880 Speaker 1: that I could go redeem it for the specie the 109 00:05:38,000 --> 00:05:40,680 Speaker 1: gold that's back there. And so the dollar was debt, 110 00:05:40,680 --> 00:05:43,400 Speaker 1: it was backed by gold. Today the dollars backed by nothing. 111 00:05:43,480 --> 00:05:45,440 Speaker 1: So when they say what's bitcoin backed by it's not 112 00:05:45,440 --> 00:05:49,080 Speaker 1: backed by anything. Only debt is backed by something. What 113 00:05:49,279 --> 00:05:53,200 Speaker 1: is gold backed by? What is oil backed by nothing? 114 00:05:53,360 --> 00:05:56,120 Speaker 1: The oil is what oil is, right, Okay, So anyway, 115 00:05:56,320 --> 00:06:00,200 Speaker 1: that kind of sums it up. Now, the dollar took 116 00:06:00,200 --> 00:06:02,440 Speaker 1: over the reserve currency of the status of the world, 117 00:06:02,440 --> 00:06:06,200 Speaker 1: that it was backed by gold. Then what happened is 118 00:06:06,279 --> 00:06:09,359 Speaker 1: they started the United States started printing way too many dollars, 119 00:06:10,120 --> 00:06:13,040 Speaker 1: and the dollars weren't actually backed by all the gold, 120 00:06:13,120 --> 00:06:16,760 Speaker 1: and people knew this. Everybody knew this. Americans were not 121 00:06:16,880 --> 00:06:19,600 Speaker 1: allowed to go buy gold. In nineteen thirty three it 122 00:06:19,680 --> 00:06:22,560 Speaker 1: was made illegal as all the gold of Americans owned 123 00:06:22,600 --> 00:06:24,480 Speaker 1: was seized, was stolen, and then it was made illegal. 124 00:06:24,640 --> 00:06:27,800 Speaker 1: Americans couldn't own gold not until nineteen seventy five. In 125 00:06:27,920 --> 00:06:31,239 Speaker 1: nineteen seventy one, all these nations around the world were like, hey, America, 126 00:06:31,279 --> 00:06:33,120 Speaker 1: we know what you're doing. This is the jig is 127 00:06:33,200 --> 00:06:34,640 Speaker 1: up here, Like, we know what you're doing. You printedway 128 00:06:34,640 --> 00:06:37,520 Speaker 1: two many dollars. We don't want these fake paper goal certificates. 129 00:06:37,760 --> 00:06:40,280 Speaker 1: We want the gold. So the US was trying to 130 00:06:40,320 --> 00:06:43,240 Speaker 1: defend it, trying to pretend like that wasn't the case. 131 00:06:43,360 --> 00:06:45,159 Speaker 1: So they're giving up all the gold, giving up all 132 00:06:45,200 --> 00:06:47,479 Speaker 1: the gold, given up all the gold. Finally the gold's 133 00:06:47,520 --> 00:06:49,560 Speaker 1: running out, which we still don't know how much gold 134 00:06:49,640 --> 00:06:51,599 Speaker 1: is left today because of course they won't do an audit. 135 00:06:52,320 --> 00:06:54,000 Speaker 1: And as I say all the time, the best way 136 00:06:54,040 --> 00:06:57,400 Speaker 1: you stop rampant speculation, or as they like to call it, 137 00:06:57,880 --> 00:07:01,400 Speaker 1: conspiracy theory, is just with transparence. They could just do 138 00:07:01,440 --> 00:07:03,559 Speaker 1: an audit of the gold, but of course they won't, 139 00:07:03,800 --> 00:07:06,000 Speaker 1: which then makes you think that they don't have the gold. 140 00:07:06,760 --> 00:07:09,160 Speaker 1: They would just say they had it. They tell us 141 00:07:09,160 --> 00:07:12,960 Speaker 1: how much they have, so then prove it. It's not 142 00:07:12,960 --> 00:07:14,400 Speaker 1: like they're trying to keep it a secret. They tell 143 00:07:14,480 --> 00:07:16,320 Speaker 1: us how much they have, then prove it, But of 144 00:07:16,320 --> 00:07:19,920 Speaker 1: course they won't, so the rumors obviously a wild speculation. 145 00:07:20,120 --> 00:07:22,200 Speaker 1: I think they don't have the gold because of the 146 00:07:22,200 --> 00:07:23,720 Speaker 1: way the story goes, and so they were given up 147 00:07:23,720 --> 00:07:26,120 Speaker 1: the gold, given the gold trying to defend that peg. Finally, 148 00:07:26,560 --> 00:07:30,000 Speaker 1: France sends over the warships to collect the gold, and 149 00:07:30,320 --> 00:07:33,760 Speaker 1: Ard Richard Nixon President Richard Nix nineteen seventy one says, no, 150 00:07:33,760 --> 00:07:38,040 Speaker 1: no more gold, all right. So the US defaulted, went bankrupt, 151 00:07:38,120 --> 00:07:41,560 Speaker 1: wooden pits debts. Then how does the US keep its 152 00:07:41,600 --> 00:07:45,520 Speaker 1: reserve currency status in the world. Well, it went into 153 00:07:45,640 --> 00:07:48,360 Speaker 1: something else backing it, and that was known as oil 154 00:07:48,520 --> 00:07:50,880 Speaker 1: or energy, and so we have the birth of the 155 00:07:50,920 --> 00:07:53,480 Speaker 1: petro dollars started in nineteen seventy four. Is the very 156 00:07:53,560 --> 00:07:55,600 Speaker 1: key piece of the story because the United States went 157 00:07:55,600 --> 00:07:58,920 Speaker 1: to Saudi Arabia, which was the oil kingpin of the world, 158 00:07:58,920 --> 00:08:02,360 Speaker 1: and said, hey, if you price all the oil in 159 00:08:02,640 --> 00:08:06,560 Speaker 1: dollars that means dollars now backed by oil, then we 160 00:08:06,600 --> 00:08:10,800 Speaker 1: will always protect you. So now we've entered the security Agreement, 161 00:08:10,840 --> 00:08:12,880 Speaker 1: we got their back, which of course is why when 162 00:08:12,880 --> 00:08:15,480 Speaker 1: the whole World Trade Center bombings happened, Saudi Arabia got 163 00:08:15,520 --> 00:08:17,920 Speaker 1: all this special treatment by President George bullsh at the time. 164 00:08:18,520 --> 00:08:21,840 Speaker 1: But that's a whole other story. But basically it was 165 00:08:21,840 --> 00:08:23,560 Speaker 1: backed by the petrol dollar. Now, the reason why I'm 166 00:08:23,600 --> 00:08:27,280 Speaker 1: telling you that is because the dollars status as the 167 00:08:27,320 --> 00:08:31,760 Speaker 1: reserve currency of the world is now threatened by everybody, 168 00:08:32,240 --> 00:08:37,000 Speaker 1: and specifically Saudi Arabia, which entered this agreement in nineteen 169 00:08:37,000 --> 00:08:39,480 Speaker 1: seventy four to price all the oil to sell all 170 00:08:39,480 --> 00:08:42,840 Speaker 1: the oil in dollars, is now agreed to sell oil 171 00:08:43,679 --> 00:08:48,120 Speaker 1: in Chinese yu won. So the era that we've known 172 00:08:48,360 --> 00:08:50,559 Speaker 1: is over. So what does that mean. What's going to 173 00:08:50,600 --> 00:08:52,640 Speaker 1: happen to your purchasing power, What's gonna happen in nice days, 174 00:08:52,640 --> 00:08:54,640 Speaker 1: What's gonna happen in the world. All these questions about 175 00:08:54,720 --> 00:08:56,440 Speaker 1: I'm going to answer all of those as we continue 176 00:08:56,440 --> 00:08:58,280 Speaker 1: to break this down. If you just tune in, you're 177 00:08:58,320 --> 00:09:00,240 Speaker 1: listening to the Mark Mos Show. Of course, we talk 178 00:09:00,280 --> 00:09:02,960 Speaker 1: about the way the world is breaking apart, the decentralized revolution, 179 00:09:03,720 --> 00:09:06,559 Speaker 1: and we look at it through politics, finance, and technology, 180 00:09:08,440 --> 00:09:10,240 Speaker 1: and it's always technology that changes the world. But right 181 00:09:10,240 --> 00:09:12,320 Speaker 1: now we're talking about the financial piece. Like I said, 182 00:09:12,480 --> 00:09:15,160 Speaker 1: so much to cover here, I want to put your 183 00:09:15,240 --> 00:09:16,960 Speaker 1: mind at ease, and I'm going to give you some 184 00:09:17,000 --> 00:09:19,880 Speaker 1: practical tips that you can do to protect yourself as 185 00:09:19,920 --> 00:09:22,240 Speaker 1: this continues to unfold, because it's not going away. So 186 00:09:22,280 --> 00:09:24,079 Speaker 1: I got a whole lot to cover this hour when 187 00:09:24,080 --> 00:09:25,360 Speaker 1: I come back. You don't want to miss this, don't 188 00:09:25,360 --> 00:09:27,240 Speaker 1: go away. I'm gonna take a quick break and I'll 189 00:09:27,280 --> 00:09:32,720 Speaker 1: be right back. All right, Welcome back. If you just 190 00:09:32,720 --> 00:09:35,040 Speaker 1: tune in, you're listening to the Markmas Show. We're talking 191 00:09:35,120 --> 00:09:38,880 Speaker 1: about the dollar losing its reserve status in the world. 192 00:09:39,200 --> 00:09:42,120 Speaker 1: What does that mean? Losing its reserve status in the world. 193 00:09:42,600 --> 00:09:44,160 Speaker 1: Like I said, I got phone calls from a few 194 00:09:44,200 --> 00:09:46,800 Speaker 1: people last night asking me what the heck is going on? 195 00:09:47,840 --> 00:09:50,079 Speaker 1: What are we doing? So as I kind of framed 196 00:09:50,120 --> 00:09:52,600 Speaker 1: it up before, kind of walked you through the history here, 197 00:09:52,840 --> 00:09:55,439 Speaker 1: and the United States has maintained its reserve currency status 198 00:09:55,440 --> 00:09:59,480 Speaker 1: of the world because the petro dollar, Saudi Arabia, etc. Now, 199 00:09:59,600 --> 00:10:03,520 Speaker 1: we I've been talking about this quite extensively, and I 200 00:10:03,559 --> 00:10:06,520 Speaker 1: actually just tweeted this a little while ago. If you're 201 00:10:06,520 --> 00:10:09,319 Speaker 1: not following me on Twitter, you should, so you can 202 00:10:09,360 --> 00:10:12,280 Speaker 1: find me on Twitter at one Mark Moss. That's just 203 00:10:12,320 --> 00:10:15,360 Speaker 1: the number one at number one Mark Moss. And I 204 00:10:15,400 --> 00:10:19,160 Speaker 1: tweeted this out earlier and I said, if you have 205 00:10:19,200 --> 00:10:22,480 Speaker 1: a party and then you start kicking people out of 206 00:10:22,480 --> 00:10:27,240 Speaker 1: the party. Eventually they go start their own party, and 207 00:10:27,280 --> 00:10:30,760 Speaker 1: then you have no control over what they're doing because 208 00:10:30,760 --> 00:10:34,720 Speaker 1: they're at their own party and you're not invited. And 209 00:10:34,760 --> 00:10:36,680 Speaker 1: so that's basically what's happened. The dollar has been the 210 00:10:36,679 --> 00:10:39,400 Speaker 1: reserve currency of the world, and we control that money 211 00:10:39,440 --> 00:10:42,320 Speaker 1: through the swift system, etc. And how the way the 212 00:10:42,320 --> 00:10:44,720 Speaker 1: money has moved around the financial system, and what the 213 00:10:44,800 --> 00:10:48,000 Speaker 1: US has done as is continue to weaponize the dollar. 214 00:10:48,080 --> 00:10:49,560 Speaker 1: If you don't do something we don't if you do 215 00:10:49,600 --> 00:10:53,880 Speaker 1: something we don't like, then we penalize you financially, financial 216 00:10:53,920 --> 00:10:57,800 Speaker 1: sanctions that could be in the form of penalties and 217 00:10:57,920 --> 00:11:00,480 Speaker 1: fines and things like that all the way to you're 218 00:11:00,520 --> 00:11:02,440 Speaker 1: just completely kicked out of the financial system and you 219 00:11:02,440 --> 00:11:05,640 Speaker 1: don't even get it used anymore. And that's exactly what's happening. 220 00:11:05,800 --> 00:11:10,480 Speaker 1: What we can see sanctions being used as a US 221 00:11:10,480 --> 00:11:13,400 Speaker 1: policy tool has been growing. As a matter of fact, 222 00:11:13,400 --> 00:11:15,000 Speaker 1: if we go back, I'm looking at a chart here 223 00:11:15,240 --> 00:11:17,680 Speaker 1: from two thousand and two, we can see under the 224 00:11:17,679 --> 00:11:22,559 Speaker 1: Bush administration we had a very few sanctions. It started 225 00:11:22,600 --> 00:11:24,400 Speaker 1: to be, like I said, the go to policy tool, 226 00:11:24,920 --> 00:11:30,400 Speaker 1: but it's only started escalating through Obama, it got higher. 227 00:11:30,559 --> 00:11:34,600 Speaker 1: Through Trump, it got even higher, and under Biden it 228 00:11:34,679 --> 00:11:37,360 Speaker 1: has gone through the roof like a hockey stick we 229 00:11:37,480 --> 00:11:39,880 Speaker 1: call that, or like a parabolic run. And so what 230 00:11:39,920 --> 00:11:42,360 Speaker 1: we can see is that the US is accelerating this 231 00:11:42,600 --> 00:11:45,720 Speaker 1: d dollarization. So the dollars the reserve currency of the world, 232 00:11:45,960 --> 00:11:49,200 Speaker 1: and they're de dollarizing and or forcing people to not 233 00:11:49,679 --> 00:11:53,240 Speaker 1: use this reserve currency of the world by issuing these 234 00:11:53,559 --> 00:11:57,839 Speaker 1: more than ten thousand unilateral sanctions on foreign entities. And 235 00:11:57,880 --> 00:12:02,400 Speaker 1: that's just over the last two decades, ten thousand unilateral sanctions. 236 00:12:02,400 --> 00:12:04,280 Speaker 1: And so again back to what I tweeted, if you 237 00:12:04,360 --> 00:12:06,120 Speaker 1: kick enough people out of the party, then they just 238 00:12:06,160 --> 00:12:09,880 Speaker 1: go start their own party. When you take away people's ability, 239 00:12:10,040 --> 00:12:14,640 Speaker 1: nation's ability to transact in the dollar denominated global financial system, 240 00:12:14,840 --> 00:12:16,920 Speaker 1: what happens? Do they die? Do they just go away 241 00:12:16,920 --> 00:12:18,880 Speaker 1: and just crawl in a hole and die. No, they 242 00:12:18,920 --> 00:12:22,800 Speaker 1: just find another way to do trade. Obviously, it seems 243 00:12:22,840 --> 00:12:25,400 Speaker 1: so obvious that even a caveman could get it, so 244 00:12:25,440 --> 00:12:27,160 Speaker 1: they so to speak. So a couple of things I 245 00:12:27,200 --> 00:12:30,839 Speaker 1: want to break down here, all right, So, first of all, 246 00:12:31,840 --> 00:12:38,400 Speaker 1: there's a difference between global reserve currency and global reserve 247 00:12:38,640 --> 00:12:41,599 Speaker 1: asset well, this is a very big distinction that a 248 00:12:41,640 --> 00:12:44,000 Speaker 1: lot of people don't seem to understand. So what am 249 00:12:44,000 --> 00:12:47,160 Speaker 1: I talking about? So the dollar is what we use 250 00:12:47,200 --> 00:12:49,560 Speaker 1: as a currency. It's a medium exchange. We use that 251 00:12:49,600 --> 00:12:54,800 Speaker 1: to pay for things. We don't store our money, our 252 00:12:54,880 --> 00:12:57,720 Speaker 1: life savings in dollars. Most people don't, and if you do, 253 00:12:57,760 --> 00:13:01,720 Speaker 1: you probably shouldn't, especially when you're a sovereign wealth fund 254 00:13:01,840 --> 00:13:04,280 Speaker 1: or a sovereign nation where you have hundreds of billions 255 00:13:04,400 --> 00:13:07,200 Speaker 1: or even trillions of dollars, you can't. You don't hold 256 00:13:07,240 --> 00:13:10,640 Speaker 1: that in currency. You hold it in a reserve asset, 257 00:13:10,760 --> 00:13:13,880 Speaker 1: in an asset. So even for me and hopefully for you, 258 00:13:14,440 --> 00:13:18,000 Speaker 1: I don't store all my wealth in dollars. I hold 259 00:13:18,000 --> 00:13:20,280 Speaker 1: them in assets. I hold them in real estate, I 260 00:13:20,360 --> 00:13:22,040 Speaker 1: hold them in gold, I hold them in bitcoin, I 261 00:13:22,080 --> 00:13:24,920 Speaker 1: hold them in some stocks. Right, those are assets. So 262 00:13:24,960 --> 00:13:27,480 Speaker 1: what are you reserving your wealth in? What assets? And 263 00:13:27,559 --> 00:13:29,280 Speaker 1: so to think about nations, So they're not holding it 264 00:13:29,320 --> 00:13:33,319 Speaker 1: in dollars, holding in assets. Now, those assets have typically been, 265 00:13:33,679 --> 00:13:36,760 Speaker 1: for the last fifty years or so, have been US treasuries. 266 00:13:38,080 --> 00:13:41,800 Speaker 1: The US treasuries those that's debt, that's bonds, okay, and 267 00:13:41,880 --> 00:13:45,440 Speaker 1: that has been the reserve asset. Now what we're seeing 268 00:13:45,800 --> 00:13:49,320 Speaker 1: is all this talk happening about now, Oh my gosh, 269 00:13:49,360 --> 00:13:50,800 Speaker 1: Like I said, I got these phone calls last night 270 00:13:50,880 --> 00:13:53,320 Speaker 1: from one of my buddies saying, I see all this talk. 271 00:13:53,640 --> 00:13:56,800 Speaker 1: Now oil is going to be sold in Yuan okay. 272 00:13:56,840 --> 00:13:59,559 Speaker 1: So now we see the bricks nations Brazil, Russia, into 273 00:13:59,600 --> 00:14:05,520 Speaker 1: the China, South America, now Saudi Arabia, potentially all of 274 00:14:05,559 --> 00:14:09,960 Speaker 1: these countries, these bricks nations, this block now trading back 275 00:14:09,960 --> 00:14:14,360 Speaker 1: and forth outside of the dollar. They're trading in yuan okay. 276 00:14:14,679 --> 00:14:18,280 Speaker 1: So that's the currency side. But what are they using 277 00:14:18,360 --> 00:14:21,000 Speaker 1: as their reserve asset? That is the key piece here. 278 00:14:21,120 --> 00:14:23,640 Speaker 1: Now you know that I like to talk about bitcoin. 279 00:14:23,720 --> 00:14:26,800 Speaker 1: I spent a long time writing about cryptocurrencies, and in 280 00:14:26,880 --> 00:14:29,760 Speaker 1: cryptocurrencies you have something called token omics, and that is 281 00:14:29,760 --> 00:14:32,760 Speaker 1: all these cryptocurrencies created their own tokens. They're basically like currencies. 282 00:14:33,520 --> 00:14:35,400 Speaker 1: Now they have to they have to come up with 283 00:14:35,480 --> 00:14:38,080 Speaker 1: some sort of a plan to figure out to kind 284 00:14:38,080 --> 00:14:40,520 Speaker 1: of game the system to get that token to be 285 00:14:40,560 --> 00:14:44,880 Speaker 1: worth something. The most used token in the history of 286 00:14:44,880 --> 00:14:47,480 Speaker 1: the world doesn't mean it has any value, So that 287 00:14:47,480 --> 00:14:48,640 Speaker 1: have to figure out a way to do that. So 288 00:14:48,720 --> 00:14:50,680 Speaker 1: like chuck E cheese, for example, a lot of people 289 00:14:50,760 --> 00:14:54,320 Speaker 1: use chuck e cheese tokens. Doesn't have any value though. 290 00:14:54,440 --> 00:14:57,680 Speaker 1: Nobody stores their wealth in chuck e cheese tokens. And 291 00:14:57,720 --> 00:15:00,360 Speaker 1: so these tokens, they would practice what's called token They 292 00:15:00,360 --> 00:15:02,080 Speaker 1: have to figure out a way to get someone to 293 00:15:02,160 --> 00:15:05,200 Speaker 1: actually save them, to pull them out of the system. 294 00:15:05,240 --> 00:15:08,720 Speaker 1: So with bitcoin, they say bitcoin's a reserve asset, it's 295 00:15:08,760 --> 00:15:11,960 Speaker 1: a store of value. So bitcoin isn't being used as 296 00:15:12,000 --> 00:15:15,280 Speaker 1: a currency. People are saving it, they're hoarding it, they're 297 00:15:15,320 --> 00:15:20,480 Speaker 1: storing it, and so what all these I think there's 298 00:15:20,560 --> 00:15:25,920 Speaker 1: somewhere between twelve to fifteen percent of bitcoin. So just 299 00:15:25,960 --> 00:15:27,680 Speaker 1: so you don't know, there's about twenty There will never 300 00:15:27,720 --> 00:15:30,200 Speaker 1: be more than twenty one million bitcoin, never more than 301 00:15:30,240 --> 00:15:34,360 Speaker 1: twenty one million. There's about roughly about nineteen million in 302 00:15:34,720 --> 00:15:37,080 Speaker 1: circulation today. The rest will be coming over the next 303 00:15:37,160 --> 00:15:41,520 Speaker 1: hundred years. Of those nineteen million, only between twelve to 304 00:15:41,600 --> 00:15:46,040 Speaker 1: fifteen percent are actively being traded like for sale. The 305 00:15:46,160 --> 00:15:49,560 Speaker 1: rest are put away in long term storage. Because that's 306 00:15:49,560 --> 00:15:53,240 Speaker 1: been put away in long term storage, there's demand there 307 00:15:53,880 --> 00:15:57,040 Speaker 1: and it makes the circulating supply worth more. The scarcity. 308 00:15:57,120 --> 00:15:59,880 Speaker 1: So all these other cryptocurrencies have tried to game the system. 309 00:16:00,080 --> 00:16:03,400 Speaker 1: Nobody wants to save them or store those cryptocurrencies, so 310 00:16:03,440 --> 00:16:05,960 Speaker 1: they game it. They'll do something called staking. Hey, if 311 00:16:06,000 --> 00:16:08,360 Speaker 1: you if you lock these up and put them away, 312 00:16:08,360 --> 00:16:10,280 Speaker 1: we're gonna inflate it and we'll give you a piece 313 00:16:10,320 --> 00:16:12,480 Speaker 1: of it. So think of it like that. So we 314 00:16:12,480 --> 00:16:15,560 Speaker 1: have the dollar being used as this currency, but it's 315 00:16:15,600 --> 00:16:18,440 Speaker 1: the treasuries that people are holding their money and that's 316 00:16:18,520 --> 00:16:21,120 Speaker 1: giving it this value. So when you hear about Saudi 317 00:16:21,160 --> 00:16:24,800 Speaker 1: Arabia and all these people trading in another currency you want, 318 00:16:25,200 --> 00:16:28,960 Speaker 1: it doesn't really matter what are they saving in. Well, 319 00:16:29,000 --> 00:16:32,240 Speaker 1: they're still buying US treasuries. No one's saving their money 320 00:16:32,320 --> 00:16:36,040 Speaker 1: in Chinese debt or bonds, or Russian debt or bonds. 321 00:16:36,280 --> 00:16:37,840 Speaker 1: They don't have the financial market to back it up. 322 00:16:37,840 --> 00:16:40,360 Speaker 1: They don't have the open, open liquidity markets. They don't 323 00:16:40,360 --> 00:16:43,360 Speaker 1: want them. They don't want them, they don't have them, 324 00:16:43,440 --> 00:16:46,080 Speaker 1: and they're not they're not built up that way. Now. 325 00:16:46,120 --> 00:16:49,200 Speaker 1: What we're seeing, though, is something to be concerned with. 326 00:16:49,240 --> 00:16:52,000 Speaker 1: I tweeted this out again today as well. And what 327 00:16:52,040 --> 00:16:55,760 Speaker 1: we do have is if you think about we have 328 00:16:58,080 --> 00:17:01,240 Speaker 1: periods where the dollar, the dollar has been this reserve asset, 329 00:17:02,240 --> 00:17:04,879 Speaker 1: reserve currency, and gold was the reserve asset. In nineteen 330 00:17:04,880 --> 00:17:07,119 Speaker 1: seventy one, the gold got swiped out and it was 331 00:17:07,280 --> 00:17:10,439 Speaker 1: US treasuries being the reserve asset. But what we can 332 00:17:10,520 --> 00:17:14,560 Speaker 1: see since two thousand and twenty one, really since twenty fourteen. 333 00:17:15,320 --> 00:17:18,919 Speaker 1: In twenty fourteen, China came out and made actually it 334 00:17:18,920 --> 00:17:20,679 Speaker 1: was twenty thirteen, China came out and made a statement. 335 00:17:20,720 --> 00:17:24,840 Speaker 1: The PBOC People's Bank of China said quote, no longer 336 00:17:25,000 --> 00:17:28,639 Speaker 1: in China's interest to grow our foreign currency reserves. So 337 00:17:28,680 --> 00:17:31,320 Speaker 1: they said that in twenty thirteen, so they announced they 338 00:17:31,359 --> 00:17:34,200 Speaker 1: were going to start de dollarizing. Russia and China both did. 339 00:17:34,760 --> 00:17:38,080 Speaker 1: And so what we see since twenty thirteen, the amount 340 00:17:38,080 --> 00:17:41,920 Speaker 1: of US treasuries being purchased by foreign governments has been 341 00:17:41,920 --> 00:17:46,320 Speaker 1: going down, while the amount of gold being purchased has 342 00:17:46,359 --> 00:17:50,480 Speaker 1: been going up. So the dollars still a reserve currency currency. 343 00:17:51,320 --> 00:17:56,560 Speaker 1: The yuwan can be also a major currency. But what 344 00:17:56,600 --> 00:17:58,440 Speaker 1: are they saving in and what we can see since 345 00:17:58,440 --> 00:18:01,800 Speaker 1: twenty thirteen, the amount of savings in dollars US treasury 346 00:18:01,880 --> 00:18:03,640 Speaker 1: is going down and gold is going up. So that's 347 00:18:03,640 --> 00:18:07,040 Speaker 1: a big difference. Now back to some other concerns, well 348 00:18:07,280 --> 00:18:08,720 Speaker 1: before I got to take a quick break, I'll come 349 00:18:08,720 --> 00:18:10,400 Speaker 1: back and give you those concerns. I'll be right back. 350 00:18:12,920 --> 00:18:14,480 Speaker 1: All right, welcome back. If you just tune in, you're 351 00:18:14,480 --> 00:18:17,680 Speaker 1: listening to the Mark Moss Show. We're talking about the 352 00:18:17,880 --> 00:18:21,360 Speaker 1: global reserve currency going away. Everybody's scared about it. What's 353 00:18:21,359 --> 00:18:24,560 Speaker 1: going on. So I was breaking it down history lesson 354 00:18:24,560 --> 00:18:26,720 Speaker 1: to kind of build that base for you. So anyway 355 00:18:26,720 --> 00:18:28,199 Speaker 1: back to some of these phone calls that I've got 356 00:18:28,240 --> 00:18:30,280 Speaker 1: to explained to you that it is under attack. Yes, 357 00:18:30,320 --> 00:18:33,119 Speaker 1: the bricks nations have formed these alliances. Yes, Putin and 358 00:18:33,160 --> 00:18:37,280 Speaker 1: g are testing the US and trying to trade for 359 00:18:37,359 --> 00:18:39,960 Speaker 1: all these commodities oil outside of the dollar. But so 360 00:18:40,160 --> 00:18:43,919 Speaker 1: what so I kind of broke that down, the difference 361 00:18:43,960 --> 00:18:48,000 Speaker 1: of the reserve currency versus the reserve asset. Now. So 362 00:18:48,119 --> 00:18:50,359 Speaker 1: one of my friends he called me last night and 363 00:18:50,359 --> 00:18:52,520 Speaker 1: he said, he, Mark, I see all this talk about 364 00:18:52,560 --> 00:18:55,200 Speaker 1: this and what's going to happen. I'm afraid that I'm 365 00:18:55,200 --> 00:18:58,240 Speaker 1: gonna wake up one day and my dollars are gonna 366 00:18:58,240 --> 00:19:01,040 Speaker 1: buy me half as much good as they buy me. Now, 367 00:19:02,600 --> 00:19:05,280 Speaker 1: the value of my dollars will drop in half. That's 368 00:19:05,280 --> 00:19:07,440 Speaker 1: what he's afraid of. What should I do with my dollars? 369 00:19:07,480 --> 00:19:09,760 Speaker 1: What should I do with my money, my money in 370 00:19:09,800 --> 00:19:12,000 Speaker 1: the bank, my savings. I'm afraid I'm gonna wake up 371 00:19:12,040 --> 00:19:14,160 Speaker 1: one day and it's gonna buy me half as much. 372 00:19:15,640 --> 00:19:18,760 Speaker 1: And I said something that shocked him and it probably 373 00:19:18,800 --> 00:19:23,240 Speaker 1: shocked you as well. And what that was is, I said, so, 374 00:19:23,480 --> 00:19:25,800 Speaker 1: let me get this straight. You're afraid that you're gonna 375 00:19:25,840 --> 00:19:27,359 Speaker 1: wake up one day and your dollars are going to 376 00:19:27,400 --> 00:19:30,679 Speaker 1: buy you half as much goods? Right? He said yeah. 377 00:19:31,280 --> 00:19:36,520 Speaker 1: I said, well, since two nineteen, your dollars already do 378 00:19:36,640 --> 00:19:39,200 Speaker 1: buy you half as much goods. And he's like, what 379 00:19:39,520 --> 00:19:42,920 Speaker 1: do you mean? So I said, well, how much is 380 00:19:42,920 --> 00:19:46,800 Speaker 1: your home worth today? He said four million dollars? I 381 00:19:46,840 --> 00:19:49,320 Speaker 1: said how much was your house worth five years ago? 382 00:19:49,920 --> 00:19:54,399 Speaker 1: He said one point seven million. So your dollars buy 383 00:19:54,440 --> 00:19:58,560 Speaker 1: you about forty percent of the house that it would 384 00:19:58,560 --> 00:20:01,840 Speaker 1: have bought you five years ago. Your dollars already do 385 00:20:02,000 --> 00:20:04,520 Speaker 1: buy you fifty percent less. As a matter of fact, 386 00:20:04,520 --> 00:20:05,560 Speaker 1: if we take a look at a couple of just 387 00:20:05,640 --> 00:20:08,119 Speaker 1: metrics so we can see this, we can see since 388 00:20:08,359 --> 00:20:13,560 Speaker 1: January of twenty nineteen, the dollar has lost sixty percent 389 00:20:14,119 --> 00:20:17,640 Speaker 1: to the S and P five index. All right, So 390 00:20:18,200 --> 00:20:21,879 Speaker 1: does that makes sense when the when the stocks go up, 391 00:20:21,920 --> 00:20:24,719 Speaker 1: it's it's not stocks going up, it's the value of 392 00:20:24,720 --> 00:20:28,000 Speaker 1: your dollars going down. Why are the value of dollars 393 00:20:28,040 --> 00:20:32,120 Speaker 1: going down? Well, because the US government, the Fed, the Treasury, etc. 394 00:20:32,720 --> 00:20:37,200 Speaker 1: Have increased the money supply buy about forty percent in 395 00:20:37,240 --> 00:20:41,400 Speaker 1: that time period. When you hear about all this money printing, 396 00:20:41,440 --> 00:20:44,280 Speaker 1: you know, all these new acts, the Inflation Reduction Act 397 00:20:44,320 --> 00:20:46,679 Speaker 1: and all these things. Even now they're belling oft the banks. 398 00:20:47,520 --> 00:20:49,520 Speaker 1: They have to create that money. It's the conjure from 399 00:20:49,520 --> 00:20:52,480 Speaker 1: the air. As they create more money, it makes all 400 00:20:52,480 --> 00:20:57,440 Speaker 1: the existing units of money worth less. It's theft. So 401 00:20:57,960 --> 00:21:00,320 Speaker 1: if I came to your house and you have, you 402 00:21:00,320 --> 00:21:03,760 Speaker 1: know whatever, a thousand dollars and you're safe, and I 403 00:21:03,840 --> 00:21:06,520 Speaker 1: took five hundred of that, I took fifty percent of 404 00:21:06,560 --> 00:21:08,679 Speaker 1: your money away, and I went and spent that on 405 00:21:08,800 --> 00:21:12,040 Speaker 1: whatever I wanted, would that be theft? Of course it 406 00:21:12,080 --> 00:21:14,280 Speaker 1: would be. Of course it would be. You would now 407 00:21:14,320 --> 00:21:17,040 Speaker 1: be able to buy half of the goods and services 408 00:21:17,040 --> 00:21:19,560 Speaker 1: that you could have bought before you had a thousand dollars. 409 00:21:19,960 --> 00:21:21,639 Speaker 1: Now you only have five hundred. You can only buy 410 00:21:21,640 --> 00:21:23,600 Speaker 1: five hundred dollars with the goods and services. Meanwhile, I 411 00:21:23,640 --> 00:21:25,560 Speaker 1: took five hundred and went and spent it on whatever 412 00:21:25,600 --> 00:21:28,679 Speaker 1: I wanted. That's exactly what the government does. So you 413 00:21:28,720 --> 00:21:30,440 Speaker 1: have a hundred, and now you have a thousand dollars 414 00:21:30,440 --> 00:21:32,960 Speaker 1: in the bank. The difference is the Fed doesn't take 415 00:21:33,040 --> 00:21:35,480 Speaker 1: the government doesn't take five hundred from your thousand. What 416 00:21:35,480 --> 00:21:38,080 Speaker 1: they do is they print themselves more money and they 417 00:21:38,119 --> 00:21:40,480 Speaker 1: go spend on whatever they want, whatever they want, like 418 00:21:40,600 --> 00:21:42,760 Speaker 1: you know, giving a bunch of money Ukraine for example, 419 00:21:43,640 --> 00:21:47,960 Speaker 1: and then your thousand dollars buys you five hundred dollars 420 00:21:48,000 --> 00:21:50,639 Speaker 1: worth of goods and services. So it wasn't that you 421 00:21:50,960 --> 00:21:53,520 Speaker 1: didn't see your currency units go from a thousand to 422 00:21:53,560 --> 00:21:56,480 Speaker 1: five hundred, but what you can buy with the money 423 00:21:56,760 --> 00:21:59,600 Speaker 1: did go from a thousand to five hundred. And that's 424 00:21:59,640 --> 00:22:04,040 Speaker 1: why it's silent. It's secret theft. You don't realize it. 425 00:22:04,080 --> 00:22:11,080 Speaker 1: But it's the same thing. They the government gave themselves 426 00:22:11,119 --> 00:22:13,880 Speaker 1: money and bought whatever they want with it, and what 427 00:22:13,960 --> 00:22:16,600 Speaker 1: you can now buy with your money got cut in half. 428 00:22:17,040 --> 00:22:20,879 Speaker 1: It's theft. It's not okay, and you have to understand that. 429 00:22:20,960 --> 00:22:22,320 Speaker 1: So but back to the kind of the point that 430 00:22:22,320 --> 00:22:24,760 Speaker 1: I'm making he's afraid, and you might be afraid that 431 00:22:24,840 --> 00:22:27,159 Speaker 1: one day because of what's happening, your dollars are going 432 00:22:27,240 --> 00:22:29,160 Speaker 1: to buy you half as much goods and services they 433 00:22:29,280 --> 00:22:32,800 Speaker 1: already do, sixty percent less of the SMP, five hundred 434 00:22:33,400 --> 00:22:37,439 Speaker 1: seventy seven percent less bitcoin, and the median home price 435 00:22:37,760 --> 00:22:41,840 Speaker 1: in the United States in January of twenty nineteen was 436 00:22:41,920 --> 00:22:45,280 Speaker 1: three hundred and thirteen thousand, and today it's four hundred 437 00:22:45,280 --> 00:22:49,359 Speaker 1: and sixty seven thousand. Yes, you buy fifty percent less 438 00:22:49,440 --> 00:22:53,200 Speaker 1: home today in the same period, so we were already 439 00:22:53,240 --> 00:22:58,160 Speaker 1: seeing it. So is it going to happen? Yes, My 440 00:22:58,240 --> 00:23:00,960 Speaker 1: guess is in five years from now, dollars buy you 441 00:23:01,080 --> 00:23:05,679 Speaker 1: fifty percent less goods again. So stocks will be higher, 442 00:23:05,880 --> 00:23:08,359 Speaker 1: real estate will be high, and bitcoin will be higher. 443 00:23:08,600 --> 00:23:11,760 Speaker 1: And so the greatest fear he has is already is 444 00:23:11,800 --> 00:23:17,000 Speaker 1: already here. We're already living it. Now. What else A 445 00:23:17,040 --> 00:23:19,720 Speaker 1: couple other things. I don't really want to get into 446 00:23:19,760 --> 00:23:22,440 Speaker 1: the banking crisis because I've already covered that a pretty extensively. 447 00:23:22,520 --> 00:23:24,480 Speaker 1: If you if you want to catch me, you want 448 00:23:24,480 --> 00:23:26,239 Speaker 1: to get my opinions on the banking crisis, go to 449 00:23:26,240 --> 00:23:27,960 Speaker 1: my main YouTube channel, Mark Moss and just see the 450 00:23:28,040 --> 00:23:30,400 Speaker 1: videos that I've done their numerous channel, numerous videos where 451 00:23:30,400 --> 00:23:31,760 Speaker 1: I have all the charts and graphs. You can see 452 00:23:31,800 --> 00:23:34,000 Speaker 1: him there on a video. I've also talked about it 453 00:23:34,040 --> 00:23:35,560 Speaker 1: here on the podcast and the radio. Would just go 454 00:23:35,600 --> 00:23:37,560 Speaker 1: search the Mark Moss Show and your favorite podcast player 455 00:23:37,600 --> 00:23:39,520 Speaker 1: and you can find those back issues. But I do 456 00:23:39,600 --> 00:23:41,240 Speaker 1: want to just address the other The other call that 457 00:23:41,240 --> 00:23:42,920 Speaker 1: I had to take last night is from my wife's friend. 458 00:23:43,119 --> 00:23:44,880 Speaker 1: I don't typically like to take these calls because I'm 459 00:23:44,920 --> 00:23:48,400 Speaker 1: too busy, calls even from my own friends. But they 460 00:23:48,400 --> 00:23:50,160 Speaker 1: were also worried. They sold their house. They have money 461 00:23:50,160 --> 00:23:51,680 Speaker 1: sitting the bank, and they're worried about their money in 462 00:23:51,680 --> 00:23:55,000 Speaker 1: the bank. What are we gonna do? And I said, 463 00:23:55,000 --> 00:23:58,439 Speaker 1: well over what time frame? Like, are you worried about 464 00:23:58,480 --> 00:24:03,520 Speaker 1: it over then five years, ten years, five months? We 465 00:24:03,560 --> 00:24:05,520 Speaker 1: want to buy another house right away. We just don't 466 00:24:05,560 --> 00:24:07,480 Speaker 1: want to lose our money in a banking collapse. So 467 00:24:07,520 --> 00:24:09,959 Speaker 1: they weren't worried so much about losing it through inflation 468 00:24:10,359 --> 00:24:13,040 Speaker 1: like my first friend was asking about. They're more worried 469 00:24:13,040 --> 00:24:15,520 Speaker 1: about it and a banking collapse, what happens to the money. 470 00:24:15,840 --> 00:24:17,480 Speaker 1: And so I'm just gonna address that for you real quick. 471 00:24:17,520 --> 00:24:20,199 Speaker 1: What I told them is, first of all, as I've 472 00:24:20,240 --> 00:24:22,600 Speaker 1: already kind of said multiple times, keep your money in 473 00:24:22,600 --> 00:24:25,600 Speaker 1: bank accounts less than the FDIC insured amount two hundred 474 00:24:25,600 --> 00:24:29,280 Speaker 1: fifty thousand dollars. That's just step number one. That should 475 00:24:29,280 --> 00:24:31,480 Speaker 1: be good enough. Second of all, if you're still worried 476 00:24:31,480 --> 00:24:34,520 Speaker 1: about it, go to a big bank. The big banks 477 00:24:34,520 --> 00:24:37,280 Speaker 1: are deemed too big to fail. They've Janet Yellen has 478 00:24:37,320 --> 00:24:39,880 Speaker 1: told us this as much. Who are the big banks. 479 00:24:39,880 --> 00:24:43,480 Speaker 1: They're Wells, Fargo, JP, Morgan, and City Bank. Those banks 480 00:24:43,480 --> 00:24:46,600 Speaker 1: are too big to fail. Bank of America they've told 481 00:24:46,640 --> 00:24:48,480 Speaker 1: us they're going to bail them out, And so you're 482 00:24:48,520 --> 00:24:52,120 Speaker 1: safe there if you're still worried about it, and maybe 483 00:24:52,119 --> 00:24:54,680 Speaker 1: you should anyway, instead of keeping your money in the bank, 484 00:24:54,840 --> 00:24:57,479 Speaker 1: go put it into US treasuries, where today you can 485 00:24:57,560 --> 00:24:59,960 Speaker 1: keep them liquid under two year durations and make about 486 00:25:00,080 --> 00:25:03,320 Speaker 1: three and a half percent, which is way better, about 487 00:25:03,359 --> 00:25:05,840 Speaker 1: three hundred times better than the amount of money you 488 00:25:05,840 --> 00:25:08,239 Speaker 1: can make sitting in your bank account. So those are 489 00:25:08,240 --> 00:25:09,399 Speaker 1: some things that you should do if you're kind of 490 00:25:09,400 --> 00:25:11,280 Speaker 1: worried about it. But let's jump back into this d 491 00:25:11,440 --> 00:25:15,800 Speaker 1: dollarization and exactly what's going on here. So In the 492 00:25:15,840 --> 00:25:20,480 Speaker 1: CNN video, they talked about the dollar losing its reserve 493 00:25:20,600 --> 00:25:23,840 Speaker 1: status and they called it a death by a thousand cuts, 494 00:25:25,080 --> 00:25:28,240 Speaker 1: death by a thousand cuts. And really it's the United 495 00:25:28,359 --> 00:25:32,879 Speaker 1: States that's doing it to itself. It's the United States 496 00:25:33,240 --> 00:25:36,760 Speaker 1: race to lose here. But it's a death buy a 497 00:25:36,760 --> 00:25:40,280 Speaker 1: thousand cuts. It's all these little sanctions, it's all these 498 00:25:40,320 --> 00:25:43,720 Speaker 1: little government programs, it's all this increased spending. It's all 499 00:25:43,800 --> 00:25:47,200 Speaker 1: of these things that both one create more monetary units, 500 00:25:47,200 --> 00:25:49,640 Speaker 1: which steals your purchasing power, which means people don't want 501 00:25:49,640 --> 00:25:52,399 Speaker 1: to hold it. And two, it continues to erode the 502 00:25:52,480 --> 00:25:56,680 Speaker 1: trust in the banking sector, in the dollars credibility. Now, 503 00:25:56,720 --> 00:25:59,440 Speaker 1: as I kind of said before, nobody's putting their debt. 504 00:25:59,560 --> 00:26:04,639 Speaker 1: No one's using the Chinese bond market or or credit markets, 505 00:26:04,720 --> 00:26:06,840 Speaker 1: or the Russian markets as a place to store their 506 00:26:06,840 --> 00:26:10,840 Speaker 1: reserves because they don't trust the Chinese either. You want 507 00:26:10,840 --> 00:26:12,960 Speaker 1: to keep your money, you want to store your reserve 508 00:26:13,000 --> 00:26:16,760 Speaker 1: assets somewhere that has a strong rule of law. That 509 00:26:16,800 --> 00:26:20,480 Speaker 1: would be something that would have like due process, you know, 510 00:26:20,560 --> 00:26:22,720 Speaker 1: before they just arbitrarily steal your money, they would go 511 00:26:22,760 --> 00:26:24,719 Speaker 1: through at least some sort of a due process, so 512 00:26:24,880 --> 00:26:27,480 Speaker 1: a strong rule of law. There has to be trust there. 513 00:26:27,840 --> 00:26:31,159 Speaker 1: The problem is, as I said, Russia trying to whatever 514 00:26:31,240 --> 00:26:34,760 Speaker 1: country fill in the blank doesn't have that trust. The 515 00:26:34,880 --> 00:26:38,200 Speaker 1: US does. But the US is doing everything it can 516 00:26:38,320 --> 00:26:42,760 Speaker 1: to undermine its own. It's on its own trust. It's 517 00:26:42,800 --> 00:26:47,440 Speaker 1: a death by a thousand cuts. The other the other 518 00:26:47,480 --> 00:26:49,720 Speaker 1: thing is that I said, it's it's our race to lose. 519 00:26:50,040 --> 00:26:52,520 Speaker 1: I saw this quote. I was reading this this this morning. 520 00:26:52,760 --> 00:26:56,199 Speaker 1: I love I love what our founding father said. So 521 00:26:56,280 --> 00:26:57,960 Speaker 1: many of them, they were just so smart back in 522 00:26:58,000 --> 00:27:00,720 Speaker 1: the day, and I came across this quote, which I 523 00:27:00,840 --> 00:27:03,480 Speaker 1: love to read. You know what they talked about, what 524 00:27:03,800 --> 00:27:07,320 Speaker 1: the warnings were about banking and what the problems would 525 00:27:07,359 --> 00:27:09,399 Speaker 1: be with the banking system. So I'm gonna read that 526 00:27:09,480 --> 00:27:10,760 Speaker 1: when I come back in a second. If you're just 527 00:27:10,760 --> 00:27:12,880 Speaker 1: tuning in, you're listening to the Markma Show talking about 528 00:27:12,920 --> 00:27:15,320 Speaker 1: the dollar as the reserve currency of the world and 529 00:27:15,600 --> 00:27:18,000 Speaker 1: losing that and what is going to happen. So I'm 530 00:27:18,000 --> 00:27:20,760 Speaker 1: gonna talk more about what is going to happen now 531 00:27:20,800 --> 00:27:23,480 Speaker 1: as this continues, what you can do to watch it 532 00:27:23,520 --> 00:27:27,159 Speaker 1: as it unfolds, What you can do to protect yourself 533 00:27:27,160 --> 00:27:30,280 Speaker 1: from all of this, and we're going to talk about 534 00:27:30,320 --> 00:27:32,680 Speaker 1: the central bank digital currencies that might be coming in 535 00:27:32,720 --> 00:27:33,920 Speaker 1: their place. So I got more to cover. When I 536 00:27:33,960 --> 00:27:36,119 Speaker 1: come back, I'm gonna take a very quick break just 537 00:27:36,160 --> 00:27:39,360 Speaker 1: for a second, though. I'll be right back. Don't go away, 538 00:27:40,480 --> 00:27:42,360 Speaker 1: all right, welcome back. If you just tune in, you're 539 00:27:42,359 --> 00:27:45,120 Speaker 1: listening to the Markma Show. We're talking about the dollars 540 00:27:45,160 --> 00:27:48,720 Speaker 1: losing the reserve currency status. It's all over the news. 541 00:27:49,160 --> 00:27:51,520 Speaker 1: It's all we see. It's a dominating every single headline. 542 00:27:51,960 --> 00:27:54,600 Speaker 1: Oh my gosh, the bricks nations are rising up. I 543 00:27:54,680 --> 00:27:56,640 Speaker 1: talk about it all the time. I shouldn't. I shouldn't 544 00:27:56,680 --> 00:27:58,520 Speaker 1: laugh about it because I talk about it as well. 545 00:27:58,840 --> 00:28:01,360 Speaker 1: It's certainly something to keep an eye on because it 546 00:28:01,400 --> 00:28:03,840 Speaker 1: continues to build into the thesis that, of course we 547 00:28:03,920 --> 00:28:07,800 Speaker 1: talk about each and every week, which is the decentralization 548 00:28:07,960 --> 00:28:12,240 Speaker 1: of the world. Yes, the dollar is losing its place 549 00:28:12,280 --> 00:28:15,560 Speaker 1: as the reserve currency of the world. Yes, other nations 550 00:28:15,560 --> 00:28:21,160 Speaker 1: are starting to use Yuan to trade, to subtle trade. Yes. Yes, 551 00:28:21,200 --> 00:28:24,000 Speaker 1: Saudi Arabia, who's been backing the currency with their oil 552 00:28:24,320 --> 00:28:26,720 Speaker 1: for all these decades, is now we're going to start 553 00:28:26,800 --> 00:28:29,160 Speaker 1: selling it in other currencies. Yes, all those things are true, 554 00:28:29,160 --> 00:28:31,120 Speaker 1: and so yes, all those things continue to build into 555 00:28:31,160 --> 00:28:34,640 Speaker 1: this narrative that we have. What I guess what I'm 556 00:28:34,640 --> 00:28:37,359 Speaker 1: trying to point out today is that yes, all of 557 00:28:37,400 --> 00:28:41,280 Speaker 1: these things are happening, and yes they've all been happening, 558 00:28:45,120 --> 00:28:49,720 Speaker 1: but it's it's not time for a panic. It's not 559 00:28:49,760 --> 00:28:51,800 Speaker 1: like something's going to happen in the next week or 560 00:28:52,400 --> 00:28:54,280 Speaker 1: month or year that all of a sudden is going 561 00:28:54,360 --> 00:28:57,880 Speaker 1: to destroy the world. It's the death by a thousand cuts. 562 00:28:58,320 --> 00:29:02,080 Speaker 1: The US is slowly bleeding out. So what we want 563 00:29:02,080 --> 00:29:03,479 Speaker 1: to do is we want to be aware of the situation. 564 00:29:03,520 --> 00:29:05,240 Speaker 1: We want to watch situation, we want to prepare for 565 00:29:05,280 --> 00:29:08,800 Speaker 1: the situation. We want to be directionally correct. But we 566 00:29:08,840 --> 00:29:11,200 Speaker 1: don't need to be full of panic. And and I 567 00:29:11,200 --> 00:29:14,800 Speaker 1: guess you know, I'm all for making sensational headlines, but 568 00:29:14,840 --> 00:29:16,360 Speaker 1: I'm just trying to take away some of that panic. 569 00:29:16,400 --> 00:29:19,360 Speaker 1: Can show you that it's already happening. Like I said earlier, 570 00:29:19,360 --> 00:29:20,960 Speaker 1: with my friend called me up on the phone freaking 571 00:29:21,000 --> 00:29:22,800 Speaker 1: out last night, worried that on day's gonnake up and 572 00:29:22,800 --> 00:29:24,800 Speaker 1: as money's gonna buy hi fifty percent less, and I said, 573 00:29:24,880 --> 00:29:29,480 Speaker 1: it already does it already does buy you fifty percent less. 574 00:29:29,760 --> 00:29:32,800 Speaker 1: Have you filled up your car with gas? How much 575 00:29:32,800 --> 00:29:35,920 Speaker 1: has gas changed in the last four years. It's lost 576 00:29:35,960 --> 00:29:39,400 Speaker 1: fifty percent to gasoline? What about milk? What about eggs? 577 00:29:39,400 --> 00:29:43,120 Speaker 1: What about steak? Yes, you buy fifty percent less milk, eggs, 578 00:29:43,120 --> 00:29:45,480 Speaker 1: and steak than you did five years ago. So it's 579 00:29:45,520 --> 00:29:49,480 Speaker 1: already happened, and this will continue to happen. So while 580 00:29:49,520 --> 00:29:52,360 Speaker 1: I'm certainly not downplaying it, it is real and it 581 00:29:52,560 --> 00:29:56,280 Speaker 1: is happening, and it is Yes, you do need to 582 00:29:56,280 --> 00:29:59,400 Speaker 1: do something to protect yourself. I already gave you some ideas. 583 00:29:59,400 --> 00:30:02,600 Speaker 1: We're gonna talk about more here in a second. But 584 00:30:02,640 --> 00:30:04,840 Speaker 1: at the same time, I think we don't need to 585 00:30:04,840 --> 00:30:08,400 Speaker 1: be I mean, I don't know. Like I said, I 586 00:30:08,400 --> 00:30:10,920 Speaker 1: suppose I can be sensational too, so I'll take it. 587 00:30:11,000 --> 00:30:13,000 Speaker 1: Someone easy on it. But this has continue to happen. 588 00:30:13,040 --> 00:30:16,760 Speaker 1: Now in this CNN video that they that I was referencing, 589 00:30:16,800 --> 00:30:18,840 Speaker 1: where they said it was death by a thousand cuts, 590 00:30:18,840 --> 00:30:25,000 Speaker 1: they said, we searched the world over looking for the 591 00:30:25,040 --> 00:30:29,880 Speaker 1: next reserve currency, but there is none. And that's a 592 00:30:29,960 --> 00:30:31,840 Speaker 1: key piece here, And so that's that's the thing that 593 00:30:31,880 --> 00:30:33,920 Speaker 1: I want to hit on for a second, because we 594 00:30:34,040 --> 00:30:38,280 Speaker 1: have this situation where everybody's looking for the next global 595 00:30:38,320 --> 00:30:41,480 Speaker 1: reserve currency. Okay, the dollars. So as we go through history, 596 00:30:41,520 --> 00:30:44,240 Speaker 1: we can see lots of currencies have been that. Like 597 00:30:44,280 --> 00:30:45,920 Speaker 1: I said, the dollars took over the pound sterling. So 598 00:30:45,960 --> 00:30:49,160 Speaker 1: everyone's looking for the next What is the next? And 599 00:30:49,280 --> 00:30:52,120 Speaker 1: as the CNN host said, we scan the world for 600 00:30:52,160 --> 00:30:55,440 Speaker 1: the next reserve currency, but there is none. Now why 601 00:30:55,560 --> 00:30:58,400 Speaker 1: is there none? Well, there's two reasons, I would say. 602 00:30:59,000 --> 00:31:01,440 Speaker 1: The first reason is because of the big global trend 603 00:31:01,480 --> 00:31:05,080 Speaker 1: that's happening, which is the decentralization, the deglobalization trend that's happening. 604 00:31:05,560 --> 00:31:07,680 Speaker 1: It's my thesis that I talk about each and every 605 00:31:07,720 --> 00:31:10,320 Speaker 1: week here on the show, and there's no stopping that. 606 00:31:11,880 --> 00:31:13,400 Speaker 1: We see it everywhere we go. And this is what 607 00:31:13,440 --> 00:31:17,120 Speaker 1: we're talking about right now. The dollars homogeney is being 608 00:31:17,320 --> 00:31:19,440 Speaker 1: challenged and being broken. And now we're starting to use 609 00:31:19,480 --> 00:31:23,480 Speaker 1: other currencies around the world. And as the world continues 610 00:31:23,520 --> 00:31:27,520 Speaker 1: to shift back from a globalized, centralized world to a deglobalized, 611 00:31:27,560 --> 00:31:31,600 Speaker 1: decentralized world, no one's going to agree on one currency. 612 00:31:31,640 --> 00:31:37,520 Speaker 1: There's no global unpolar party to decree from on high. 613 00:31:37,560 --> 00:31:41,320 Speaker 1: This is the new one. This is it, Like there's 614 00:31:41,320 --> 00:31:46,640 Speaker 1: nobody there. The voice, the globalized, unified voice is gone. 615 00:31:46,720 --> 00:31:49,440 Speaker 1: It's all broken apart. Then everybody's going to use whatever 616 00:31:49,480 --> 00:31:52,280 Speaker 1: they're gonna use. And this is also it's also a 617 00:31:52,320 --> 00:31:55,240 Speaker 1: big part of just where we are as a society, 618 00:31:55,400 --> 00:31:57,600 Speaker 1: as a world, where we are at this point in 619 00:31:57,640 --> 00:32:02,840 Speaker 1: time in history. I did a interview recently with the 620 00:32:02,840 --> 00:32:04,160 Speaker 1: author of a book. I don't know if the actually 621 00:32:04,200 --> 00:32:07,200 Speaker 1: the interneviews published yet, but of the author of with 622 00:32:07,520 --> 00:32:09,440 Speaker 1: the author of the book called The Revolt of the Public, 623 00:32:09,440 --> 00:32:13,240 Speaker 1: and it basically talks about how, you know, things change, 624 00:32:13,280 --> 00:32:15,080 Speaker 1: technology changes, which of course is what I talked about 625 00:32:15,120 --> 00:32:17,480 Speaker 1: all the time, how the printing press changed things because 626 00:32:17,480 --> 00:32:19,880 Speaker 1: it allowed us to think and act on our own. 627 00:32:20,000 --> 00:32:22,240 Speaker 1: But the Internet has also did the same thing. And 628 00:32:22,680 --> 00:32:24,440 Speaker 1: as I was talking to him, you know, I was thinking, 629 00:32:24,480 --> 00:32:25,960 Speaker 1: and we were talking about how like when I was 630 00:32:26,000 --> 00:32:29,720 Speaker 1: a kid, we all listened to the same music, we 631 00:32:29,760 --> 00:32:33,040 Speaker 1: all watched the same TV shows, we all read the 632 00:32:33,080 --> 00:32:36,840 Speaker 1: same things. There was three when I was a kid. 633 00:32:37,000 --> 00:32:40,040 Speaker 1: There was three channels on TV. That was it before cable. 634 00:32:40,120 --> 00:32:43,600 Speaker 1: There was three channels, right, And so we all listened 635 00:32:43,600 --> 00:32:46,640 Speaker 1: and watched the same things, and so it's very easy 636 00:32:46,720 --> 00:32:50,080 Speaker 1: to get everybody on the same page when everybody only 637 00:32:50,120 --> 00:32:53,680 Speaker 1: had a couple of choices. Today we have millions of choices. 638 00:32:54,080 --> 00:32:56,000 Speaker 1: We'll never get back on the same page. Ever. Again, 639 00:32:56,040 --> 00:32:58,239 Speaker 1: the Internet has allowed each of us to find our 640 00:32:58,280 --> 00:33:00,760 Speaker 1: own taste, our own interests, pursue our own passions, and 641 00:33:00,840 --> 00:33:03,280 Speaker 1: allows us to all find this corner of the internet 642 00:33:03,320 --> 00:33:06,520 Speaker 1: that serves our own very specific use case in niche. 643 00:33:07,760 --> 00:33:11,240 Speaker 1: And so that's part of why it's technology that changes things. 644 00:33:11,360 --> 00:33:13,440 Speaker 1: It changed the way that we organized, communicate, and so forth, 645 00:33:13,520 --> 00:33:16,520 Speaker 1: and so as this world continues to break apart. He 646 00:33:16,560 --> 00:33:19,680 Speaker 1: states in the book that our system of governance today 647 00:33:20,480 --> 00:33:24,280 Speaker 1: is not compatible with the technology that we have. So 648 00:33:25,320 --> 00:33:27,959 Speaker 1: as we went into the industrial age, we started working 649 00:33:27,960 --> 00:33:30,960 Speaker 1: in factories, and they figured out how to get all 650 00:33:31,000 --> 00:33:34,320 Speaker 1: of these people, these masses into a factory and basically 651 00:33:34,320 --> 00:33:35,960 Speaker 1: get them to all do the same amount of work, 652 00:33:36,360 --> 00:33:41,520 Speaker 1: managing the masses by above central planning. And then our 653 00:33:42,160 --> 00:33:45,960 Speaker 1: current form of government was designed off of that to 654 00:33:46,520 --> 00:33:49,960 Speaker 1: manage the economy from above, a central form of governance. 655 00:33:50,520 --> 00:33:53,680 Speaker 1: But now we don't have large scale manufacturing like that anymore. 656 00:33:53,680 --> 00:33:55,480 Speaker 1: Now manufacturing has done all over the world and little 657 00:33:55,520 --> 00:33:57,600 Speaker 1: bits and pieces and then it comes together for final assembly. 658 00:33:57,640 --> 00:34:01,040 Speaker 1: We don't have that anymore, and neither do we neither 659 00:34:01,120 --> 00:34:05,320 Speaker 1: does the very centralized global governance system work on top 660 00:34:05,360 --> 00:34:10,839 Speaker 1: of that anymore. That's done, it's over. It's never coming back. Well, 661 00:34:10,840 --> 00:34:12,399 Speaker 1: I don't want to say never never as a long time, 662 00:34:12,520 --> 00:34:14,040 Speaker 1: but it's not coming back anytime soon, not in our 663 00:34:14,080 --> 00:34:16,080 Speaker 1: lifetimes for sure. And so as the work continued to 664 00:34:16,080 --> 00:34:19,520 Speaker 1: break apart, they're going to continue use different currencies. Someone's 665 00:34:19,520 --> 00:34:21,839 Speaker 1: gonna use go back to using gold, and someone's going 666 00:34:21,880 --> 00:34:23,480 Speaker 1: to go to use a nickel, and someone's gonna use 667 00:34:23,480 --> 00:34:25,560 Speaker 1: oil to trade, and then there's gonna be different currencies. 668 00:34:26,000 --> 00:34:30,160 Speaker 1: For me, I'm using bitcoin. Bitcoin is my reserve assets. 669 00:34:30,440 --> 00:34:33,120 Speaker 1: Bitcoin is lots of people's reserve ASTs. It's now Fortune 670 00:34:33,120 --> 00:34:36,560 Speaker 1: five companies, like micro Strategies reserve asset. It's even nations 671 00:34:36,600 --> 00:34:40,319 Speaker 1: like El Salvador's reserve asset. Now you think you may 672 00:34:40,400 --> 00:34:42,959 Speaker 1: think that bitcoin is stupid, great, so use gold. Gold 673 00:34:42,960 --> 00:34:45,520 Speaker 1: can be your reserve asset. Someone else might still want 674 00:34:45,520 --> 00:34:47,759 Speaker 1: to keep dollars. I don't recommend it. Then keep dollars 675 00:34:47,800 --> 00:34:49,960 Speaker 1: as your reserve asset. You can figure out for yourself. 676 00:34:50,000 --> 00:34:51,879 Speaker 1: But the point is that we're all going to be 677 00:34:52,080 --> 00:34:55,680 Speaker 1: using different things as this world continues to break apart. 678 00:34:56,480 --> 00:34:59,080 Speaker 1: Of course, the government doesn't like that, I should say 679 00:34:59,080 --> 00:35:02,640 Speaker 1: specifically the U government doesn't like that, and even bigger, 680 00:35:02,680 --> 00:35:06,840 Speaker 1: specifically the Western governments that can control the money don't 681 00:35:06,880 --> 00:35:10,839 Speaker 1: like that. They want to keep you locked in. If 682 00:35:11,280 --> 00:35:13,279 Speaker 1: there's an exit that you're allowed to get out and 683 00:35:13,360 --> 00:35:16,120 Speaker 1: exit the system, then the whole system collapses. Back to 684 00:35:16,760 --> 00:35:19,000 Speaker 1: that kind of tweet that I talked about in the beginning, 685 00:35:19,000 --> 00:35:21,840 Speaker 1: where if I'm having a party and I start kicking 686 00:35:21,840 --> 00:35:24,480 Speaker 1: everybody out of the party, then all of a sudden, 687 00:35:25,480 --> 00:35:27,200 Speaker 1: you have your own party. I have no control over you. 688 00:35:29,520 --> 00:35:31,360 Speaker 1: So this is the conundrum. This is the dilemma that 689 00:35:31,360 --> 00:35:33,560 Speaker 1: the government finds itself in if they continue to kick 690 00:35:33,560 --> 00:35:37,160 Speaker 1: people out, which they already have, and it's too late, 691 00:35:37,360 --> 00:35:39,080 Speaker 1: right the animals are out of the barn. What do 692 00:35:39,120 --> 00:35:40,600 Speaker 1: they say, It's like closing the barn door after the 693 00:35:40,600 --> 00:35:42,160 Speaker 1: animals are gone or whatever. It's like, it's too late. 694 00:35:42,160 --> 00:35:44,520 Speaker 1: The animals are gone, They've already started their own party. 695 00:35:44,600 --> 00:35:47,680 Speaker 1: They're not coming back now. What they're trying to do 696 00:35:47,760 --> 00:35:50,359 Speaker 1: is to close the barn doors and keep whoever's left 697 00:35:50,440 --> 00:35:53,879 Speaker 1: there now. But instead of kicking you out, they want 698 00:35:53,880 --> 00:35:56,880 Speaker 1: to beat you into submission. Instead of kicking you out 699 00:35:56,880 --> 00:35:58,759 Speaker 1: because you're too noisy, others put a gag in your mouth. 700 00:35:59,360 --> 00:36:01,560 Speaker 1: Instead of kicking you out because you're moving around too much, 701 00:36:01,600 --> 00:36:03,560 Speaker 1: they'll just tie you to the floor, break your legs. 702 00:36:04,160 --> 00:36:07,440 Speaker 1: That's what the path is now. And we see this 703 00:36:08,040 --> 00:36:10,000 Speaker 1: in the form of central bank digital currencies coming in 704 00:36:10,120 --> 00:36:12,600 Speaker 1: even more specifically, this new bill that just came out 705 00:36:12,640 --> 00:36:15,920 Speaker 1: called the restrict AC that, in my opinion, is the 706 00:36:15,960 --> 00:36:19,319 Speaker 1: most dangerous bill that's ever been put forth ever in 707 00:36:19,320 --> 00:36:23,000 Speaker 1: the history of America. I warned that this was going 708 00:36:23,040 --> 00:36:25,759 Speaker 1: to be coming, and yet here it is. I did 709 00:36:25,800 --> 00:36:27,759 Speaker 1: a full video on my YouTube channel just search that 710 00:36:27,800 --> 00:36:29,600 Speaker 1: if you want to go check it out. I don't 711 00:36:29,600 --> 00:36:31,560 Speaker 1: have time to break that all down for you right now. 712 00:36:31,640 --> 00:36:33,360 Speaker 1: Maybe next week. I will drop me some comments on 713 00:36:33,400 --> 00:36:35,319 Speaker 1: social media. If you want to break it down, hit 714 00:36:35,360 --> 00:36:37,640 Speaker 1: me up on social media at one Mark Moss, leave 715 00:36:37,680 --> 00:36:39,319 Speaker 1: me a comment, send an email, tell me you're listening 716 00:36:39,320 --> 00:36:40,520 Speaker 1: to the show, tell me you like it, tell me 717 00:36:40,520 --> 00:36:41,799 Speaker 1: what you want me to talk about. If I'm going 718 00:36:41,840 --> 00:36:43,040 Speaker 1: to break that down, I will or go watch it 719 00:36:43,040 --> 00:36:45,719 Speaker 1: on my main YouTube channel, just search Mark Moss. Of course, 720 00:36:45,719 --> 00:36:47,800 Speaker 1: as always, you can watch these and listen to me 721 00:36:47,840 --> 00:36:50,840 Speaker 1: at the same time on the Market Disruptors YouTube channel, 722 00:36:51,760 --> 00:36:55,359 Speaker 1: your favorite podcast player. I just searched the Mark Moss Show. 723 00:36:57,040 --> 00:37:00,279 Speaker 1: But it's real, it's happening. We see it all over. 724 00:37:00,360 --> 00:37:02,880 Speaker 1: Hopefully this brings a little bit of ease to you. 725 00:37:03,440 --> 00:37:06,040 Speaker 1: Not that it's not happening, but it's not that something 726 00:37:06,120 --> 00:37:08,640 Speaker 1: bad is going to happen tomorrow, but it is happening, 727 00:37:08,640 --> 00:37:10,120 Speaker 1: and you do need to take the steps to prepare 728 00:37:10,320 --> 00:37:12,319 Speaker 1: and protect yourself. That's what I got. Thanks so much 729 00:37:12,320 --> 00:37:13,359 Speaker 1: for listening. Until next time.