Speaker 1: Hello, and welcome to another episode of The Mark Moss Show,
Speaker 1: where we talk about the decentralized revolution whatever that whatever
Speaker 1: that means, talking about the way the world is changing,
Speaker 1: and we look at it through the links of politics, finance,
Speaker 1: and technology to understand what's going on in the world
Speaker 1: because it's changing. As I say, the world we're going
Speaker 1: into is not the one that we're leaving behind. And man,
Speaker 1: is it moving fast. It is moving fast. We're gonna
Speaker 1: talk about a lot today. We have a lot to cover.
Speaker 1: There is lots of news going on about the dollar
Speaker 1: losing its reserve status in the world, lots of talk
Speaker 1: about Saudi Arabia joining the bricks nations, the dollars losing
Speaker 1: the reserve currency status. Oil is being traded in yuan
Speaker 1: not in the US dollar, all these things. Last night
Speaker 1: I got two emergency phone calls, one from my friend's wife,
Speaker 1: another one from my friend. I'm worried about my money
Speaker 1: in the bank. What's going to happen? So we're gonna
Speaker 1: break all this down. We're gonna break down what is
Speaker 1: going on with the dollar with the reserve currency status,
Speaker 1: Whats going on with China and Russia getting together and
Speaker 1: conspiring yes, that's a real thing, Zee and putin getting
Speaker 1: together what's going on with the bricks nations? What about
Speaker 1: Saudi Arabia? What if the dollars a reserve currens task?
Speaker 1: What does that mean for your money? You're purchasing power
Speaker 1: and all these other things. So we got a big
Speaker 1: hour to go through, lots of talk about and discuss.
Speaker 1: So I want to break this down. Like I said,
Speaker 1: I had to get on two emergency phone calls just
Speaker 1: last night to diffuse the situation, to walk people off
Speaker 1: of a cliff. And so I want to break it
Speaker 1: down for you. Now. This has, I want to say,
Speaker 1: it's reached a feverish pitch because we saw Fox News
Speaker 1: talking about this, talking about the dollar losing its reserve status,
Speaker 1: and you might you might understand or believe that, you know,
Speaker 1: Fox would talk about that because Fox talks about things
Speaker 1: like that, but it would it was on CNN. CNN
Speaker 1: was talking about it. When CNN talks about it, you
Speaker 1: have you have to imagine what are the conversations like
Speaker 1: that's led to it getting to that point. Imagine the
Speaker 1: conversations that are happening in Washington, you know, and other
Speaker 1: newsrooms before CNN actively comes out and talks about the
Speaker 1: dollar losing its reserve status in the world. So what
Speaker 1: does that mean? Reserve status? What does it mean if
Speaker 1: it's losing the reserve status, and more importantly, what do
Speaker 1: you care? What do you care? Well, let's talk about
Speaker 1: that again. If you're tuning in, you're listening to the
Speaker 1: Markmas Show. We talk about, of course, the decentralized Revolution,
Speaker 1: and part of this is how the world is breaking apart,
Speaker 1: in from a singular, a unipolar world into a multipolar world.
Speaker 1: So the US since nineteen forty four has been the
Speaker 1: global superpower, and the US dollar has been the global
Speaker 1: reserve currency of the world in nineteen forty four, the
Speaker 1: entire world. Let's go back a little bit further, all right,
Speaker 1: So there's been lots of superpowers in the world, and
Speaker 1: there's been lots of reserve currencies in the world. I'm
Speaker 1: not going to go back all the way through history,
Speaker 1: but just know that England and the pounds sterling was
Speaker 1: the superpower and the pounds sterling was the reserve currency
Speaker 1: of the world before the dollar now, so we don't
Speaker 1: need to go back too much further than that. But
Speaker 1: what happened is is England and France went to war
Speaker 1: against Germany. England and France got together to go to
Speaker 1: war with against Germany. That's known as World War One.
Speaker 1: And in that war, they didn't have enough money to
Speaker 1: go to war. They should have never gone to war,
Speaker 1: but the United States bankers JP Morgan said, Oh, don't worry,
Speaker 1: we'll loan you a bunch of money. So they loaned
Speaker 1: them a bunch of money to go to war, which
Speaker 1: basically bankrupt them. And these nations spent all the money
Speaker 1: they had to go to war, and they had to
Speaker 1: give up all of their gold. And the US when
Speaker 1: they spent all that money to go to war, where
Speaker 1: do they spend it? When they spent it for supplies,
Speaker 1: So most of that money actually came back to the
Speaker 1: United States, and the United States was able to stockpile
Speaker 1: the gold. United States didn't want their debt because if
Speaker 1: they lose the war, who's going to pay it? So
Speaker 1: we took their gold and as a matter of fact,
Speaker 1: after the war, the United States became I believe the
Speaker 1: United States owned two thirds of all the gold in
Speaker 1: the world. The US had all had the balance sheet
Speaker 1: fortress balance sheet as it might be called, and so
Speaker 1: they had had all the gold and so basically the
Speaker 1: pounds sterling kind of lost its place. They printed too much,
Speaker 1: it was inflated in a way. Nobody wanted to hold
Speaker 1: it anymore. The dollar now was kind of this strong
Speaker 1: currency because it had all the gold in the world
Speaker 1: backing it, and they went to nineteen forty four to
Speaker 1: Breton Woods Agreement. Now this went after World War two,
Speaker 1: world War one, and the World War two. After World
Speaker 1: War two, ninety forty four, the world got together and
Speaker 1: created what's known as the IMF International Monetary Fund, and
Speaker 1: they declared from on high, this is the new reserve
Speaker 1: currency of the world. And the way it worked is
Speaker 1: that the dollar would be pegged a gold so you
Speaker 1: would be able to exchange thirty five US dollars for
Speaker 1: one ounce of gold. It was always convertible, and so
Speaker 1: the dollar was a proxy. It was an IOU claim
Speaker 1: it was backed by gold, and then all the currencies
Speaker 1: of the world would peg to the dollar. Well most
Speaker 1: of the really, all the currencies of the world are
Speaker 1: still pegged to the dollar, except for the dollars, not
Speaker 1: pegged to gold anymore. So when you hear things you
Speaker 1: know you'll hear about like with bitcoin, for example, what's
Speaker 1: it backed by? Well, only debt has to be backed
Speaker 1: by something. The dollar was debt, it was redeemable that debt.
Speaker 1: It was a debt certificate, an IOU, a promissory note
Speaker 1: that I could go redeem it for the specie the
Speaker 1: gold that's back there. And so the dollar was debt,
Speaker 1: it was backed by gold. Today the dollars backed by nothing.
Speaker 1: So when they say what's bitcoin backed by it's not
Speaker 1: backed by anything. Only debt is backed by something. What
Speaker 1: is gold backed by? What is oil backed by nothing?
Speaker 1: The oil is what oil is, right, Okay, So anyway,
Speaker 1: that kind of sums it up. Now, the dollar took
Speaker 1: over the reserve currency of the status of the world,
Speaker 1: that it was backed by gold. Then what happened is
Speaker 1: they started the United States started printing way too many dollars,
Speaker 1: and the dollars weren't actually backed by all the gold,
Speaker 1: and people knew this. Everybody knew this. Americans were not
Speaker 1: allowed to go buy gold. In nineteen thirty three it
Speaker 1: was made illegal as all the gold of Americans owned
Speaker 1: was seized, was stolen, and then it was made illegal.
Speaker 1: Americans couldn't own gold not until nineteen seventy five. In
Speaker 1: nineteen seventy one, all these nations around the world were like, hey, America,
Speaker 1: we know what you're doing. This is the jig is
Speaker 1: up here, Like, we know what you're doing. You printedway
Speaker 1: two many dollars. We don't want these fake paper goal certificates.
Speaker 1: We want the gold. So the US was trying to
Speaker 1: defend it, trying to pretend like that wasn't the case.
Speaker 1: So they're giving up all the gold, giving up all
Speaker 1: the gold, given up all the gold. Finally the gold's
Speaker 1: running out, which we still don't know how much gold
Speaker 1: is left today because of course they won't do an audit.
Speaker 1: And as I say all the time, the best way
Speaker 1: you stop rampant speculation, or as they like to call it,
Speaker 1: conspiracy theory, is just with transparence. They could just do
Speaker 1: an audit of the gold, but of course they won't,
Speaker 1: which then makes you think that they don't have the gold.
Speaker 1: They would just say they had it. They tell us
Speaker 1: how much they have, so then prove it. It's not
Speaker 1: like they're trying to keep it a secret. They tell
Speaker 1: us how much they have, then prove it, But of
Speaker 1: course they won't, so the rumors obviously a wild speculation.
Speaker 1: I think they don't have the gold because of the
Speaker 1: way the story goes, and so they were given up
Speaker 1: the gold, given the gold trying to defend that peg. Finally,
Speaker 1: France sends over the warships to collect the gold, and
Speaker 1: Ard Richard Nixon President Richard Nix nineteen seventy one says, no,
Speaker 1: no more gold, all right. So the US defaulted, went bankrupt,
Speaker 1: wooden pits debts. Then how does the US keep its
Speaker 1: reserve currency status in the world. Well, it went into
Speaker 1: something else backing it, and that was known as oil
Speaker 1: or energy, and so we have the birth of the
Speaker 1: petro dollars started in nineteen seventy four. Is the very
Speaker 1: key piece of the story because the United States went
Speaker 1: to Saudi Arabia, which was the oil kingpin of the world,
Speaker 1: and said, hey, if you price all the oil in
Speaker 1: dollars that means dollars now backed by oil, then we
Speaker 1: will always protect you. So now we've entered the security Agreement,
Speaker 1: we got their back, which of course is why when
Speaker 1: the whole World Trade Center bombings happened, Saudi Arabia got
Speaker 1: all this special treatment by President George bullsh at the time.
Speaker 1: But that's a whole other story. But basically it was
Speaker 1: backed by the petrol dollar. Now, the reason why I'm
Speaker 1: telling you that is because the dollars status as the
Speaker 1: reserve currency of the world is now threatened by everybody,
Speaker 1: and specifically Saudi Arabia, which entered this agreement in nineteen
Speaker 1: seventy four to price all the oil to sell all
Speaker 1: the oil in dollars, is now agreed to sell oil
Speaker 1: in Chinese yu won. So the era that we've known
Speaker 1: is over. So what does that mean. What's going to
Speaker 1: happen to your purchasing power, What's gonna happen in nice days,
Speaker 1: What's gonna happen in the world. All these questions about
Speaker 1: I'm going to answer all of those as we continue
Speaker 1: to break this down. If you just tune in, you're
Speaker 1: listening to the Mark Mos Show. Of course, we talk
Speaker 1: about the way the world is breaking apart, the decentralized revolution,
Speaker 1: and we look at it through politics, finance, and technology,
Speaker 1: and it's always technology that changes the world. But right
Speaker 1: now we're talking about the financial piece. Like I said,
Speaker 1: so much to cover here, I want to put your
Speaker 1: mind at ease, and I'm going to give you some
Speaker 1: practical tips that you can do to protect yourself as
Speaker 1: this continues to unfold, because it's not going away. So
Speaker 1: I got a whole lot to cover this hour when
Speaker 1: I come back. You don't want to miss this, don't
Speaker 1: go away. I'm gonna take a quick break and I'll
Speaker 1: be right back. All right, Welcome back. If you just
Speaker 1: tune in, you're listening to the Markmas Show. We're talking
Speaker 1: about the dollar losing its reserve status in the world.
Speaker 1: What does that mean? Losing its reserve status in the world.
Speaker 1: Like I said, I got phone calls from a few
Speaker 1: people last night asking me what the heck is going on?
Speaker 1: What are we doing? So as I kind of framed
Speaker 1: it up before, kind of walked you through the history here,
Speaker 1: and the United States has maintained its reserve currency status
Speaker 1: of the world because the petro dollar, Saudi Arabia, etc. Now,
Speaker 1: we I've been talking about this quite extensively, and I
Speaker 1: actually just tweeted this a little while ago. If you're
Speaker 1: not following me on Twitter, you should, so you can
Speaker 1: find me on Twitter at one Mark Moss. That's just
Speaker 1: the number one at number one Mark Moss. And I
Speaker 1: tweeted this out earlier and I said, if you have
Speaker 1: a party and then you start kicking people out of
Speaker 1: the party. Eventually they go start their own party, and
Speaker 1: then you have no control over what they're doing because
Speaker 1: they're at their own party and you're not invited. And
Speaker 1: so that's basically what's happened. The dollar has been the
Speaker 1: reserve currency of the world, and we control that money
Speaker 1: through the swift system, etc. And how the way the
Speaker 1: money has moved around the financial system, and what the
Speaker 1: US has done as is continue to weaponize the dollar.
Speaker 1: If you don't do something we don't if you do
Speaker 1: something we don't like, then we penalize you financially, financial
Speaker 1: sanctions that could be in the form of penalties and
Speaker 1: fines and things like that all the way to you're
Speaker 1: just completely kicked out of the financial system and you
Speaker 1: don't even get it used anymore. And that's exactly what's happening.
Speaker 1: What we can see sanctions being used as a US
Speaker 1: policy tool has been growing. As a matter of fact,
Speaker 1: if we go back, I'm looking at a chart here
Speaker 1: from two thousand and two, we can see under the
Speaker 1: Bush administration we had a very few sanctions. It started
Speaker 1: to be, like I said, the go to policy tool,
Speaker 1: but it's only started escalating through Obama, it got higher.
Speaker 1: Through Trump, it got even higher, and under Biden it
Speaker 1: has gone through the roof like a hockey stick we
Speaker 1: call that, or like a parabolic run. And so what
Speaker 1: we can see is that the US is accelerating this
Speaker 1: d dollarization. So the dollars the reserve currency of the world,
Speaker 1: and they're de dollarizing and or forcing people to not
Speaker 1: use this reserve currency of the world by issuing these
Speaker 1: more than ten thousand unilateral sanctions on foreign entities. And
Speaker 1: that's just over the last two decades, ten thousand unilateral sanctions.
Speaker 1: And so again back to what I tweeted, if you
Speaker 1: kick enough people out of the party, then they just
Speaker 1: go start their own party. When you take away people's ability,
Speaker 1: nation's ability to transact in the dollar denominated global financial system,
Speaker 1: what happens? Do they die? Do they just go away
Speaker 1: and just crawl in a hole and die. No, they
Speaker 1: just find another way to do trade. Obviously, it seems
Speaker 1: so obvious that even a caveman could get it, so
Speaker 1: they so to speak. So a couple of things I
Speaker 1: want to break down here, all right, So, first of all,
Speaker 1: there's a difference between global reserve currency and global reserve
Speaker 1: asset well, this is a very big distinction that a
Speaker 1: lot of people don't seem to understand. So what am
Speaker 1: I talking about? So the dollar is what we use
Speaker 1: as a currency. It's a medium exchange. We use that
Speaker 1: to pay for things. We don't store our money, our
Speaker 1: life savings in dollars. Most people don't, and if you do,
Speaker 1: you probably shouldn't, especially when you're a sovereign wealth fund
Speaker 1: or a sovereign nation where you have hundreds of billions
Speaker 1: or even trillions of dollars, you can't. You don't hold
Speaker 1: that in currency. You hold it in a reserve asset,
Speaker 1: in an asset. So even for me and hopefully for you,
Speaker 1: I don't store all my wealth in dollars. I hold
Speaker 1: them in assets. I hold them in real estate, I
Speaker 1: hold them in gold, I hold them in bitcoin, I
Speaker 1: hold them in some stocks. Right, those are assets. So
Speaker 1: what are you reserving your wealth in? What assets? And
Speaker 1: so to think about nations, So they're not holding it
Speaker 1: in dollars, holding in assets. Now, those assets have typically been,
Speaker 1: for the last fifty years or so, have been US treasuries.
Speaker 1: The US treasuries those that's debt, that's bonds, okay, and
Speaker 1: that has been the reserve asset. Now what we're seeing
Speaker 1: is all this talk happening about now, Oh my gosh,
Speaker 1: Like I said, I got these phone calls last night
Speaker 1: from one of my buddies saying, I see all this talk.
Speaker 1: Now oil is going to be sold in Yuan okay.
Speaker 1: So now we see the bricks nations Brazil, Russia, into
Speaker 1: the China, South America, now Saudi Arabia, potentially all of
Speaker 1: these countries, these bricks nations, this block now trading back
Speaker 1: and forth outside of the dollar. They're trading in yuan okay.
Speaker 1: So that's the currency side. But what are they using
Speaker 1: as their reserve asset? That is the key piece here.
Speaker 1: Now you know that I like to talk about bitcoin.
Speaker 1: I spent a long time writing about cryptocurrencies, and in
Speaker 1: cryptocurrencies you have something called token omics, and that is
Speaker 1: all these cryptocurrencies created their own tokens. They're basically like currencies.
Speaker 1: Now they have to they have to come up with
Speaker 1: some sort of a plan to figure out to kind
Speaker 1: of game the system to get that token to be
Speaker 1: worth something. The most used token in the history of
Speaker 1: the world doesn't mean it has any value, So that
Speaker 1: have to figure out a way to do that. So
Speaker 1: like chuck E cheese, for example, a lot of people
Speaker 1: use chuck e cheese tokens. Doesn't have any value though.
Speaker 1: Nobody stores their wealth in chuck e cheese tokens. And
Speaker 1: so these tokens, they would practice what's called token They
Speaker 1: have to figure out a way to get someone to
Speaker 1: actually save them, to pull them out of the system.
Speaker 1: So with bitcoin, they say bitcoin's a reserve asset, it's
Speaker 1: a store of value. So bitcoin isn't being used as
Speaker 1: a currency. People are saving it, they're hoarding it, they're
Speaker 1: storing it, and so what all these I think there's
Speaker 1: somewhere between twelve to fifteen percent of bitcoin. So just
Speaker 1: so you don't know, there's about twenty There will never
Speaker 1: be more than twenty one million bitcoin, never more than
Speaker 1: twenty one million. There's about roughly about nineteen million in
Speaker 1: circulation today. The rest will be coming over the next
Speaker 1: hundred years. Of those nineteen million, only between twelve to
Speaker 1: fifteen percent are actively being traded like for sale. The
Speaker 1: rest are put away in long term storage. Because that's
Speaker 1: been put away in long term storage, there's demand there
Speaker 1: and it makes the circulating supply worth more. The scarcity.
Speaker 1: So all these other cryptocurrencies have tried to game the system.
Speaker 1: Nobody wants to save them or store those cryptocurrencies, so
Speaker 1: they game it. They'll do something called staking. Hey, if
Speaker 1: you if you lock these up and put them away,
Speaker 1: we're gonna inflate it and we'll give you a piece
Speaker 1: of it. So think of it like that. So we
Speaker 1: have the dollar being used as this currency, but it's
Speaker 1: the treasuries that people are holding their money and that's
Speaker 1: giving it this value. So when you hear about Saudi
Speaker 1: Arabia and all these people trading in another currency you want,
Speaker 1: it doesn't really matter what are they saving in. Well,
Speaker 1: they're still buying US treasuries. No one's saving their money
Speaker 1: in Chinese debt or bonds, or Russian debt or bonds.
Speaker 1: They don't have the financial market to back it up.
Speaker 1: They don't have the open, open liquidity markets. They don't
Speaker 1: want them. They don't want them, they don't have them,
Speaker 1: and they're not they're not built up that way. Now.
Speaker 1: What we're seeing, though, is something to be concerned with.
Speaker 1: I tweeted this out again today as well. And what
Speaker 1: we do have is if you think about we have
Speaker 1: periods where the dollar, the dollar has been this reserve asset,
Speaker 1: reserve currency, and gold was the reserve asset. In nineteen
Speaker 1: seventy one, the gold got swiped out and it was
Speaker 1: US treasuries being the reserve asset. But what we can
Speaker 1: see since two thousand and twenty one, really since twenty fourteen.
Speaker 1: In twenty fourteen, China came out and made actually it
Speaker 1: was twenty thirteen, China came out and made a statement.
Speaker 1: The PBOC People's Bank of China said quote, no longer
Speaker 1: in China's interest to grow our foreign currency reserves. So
Speaker 1: they said that in twenty thirteen, so they announced they
Speaker 1: were going to start de dollarizing. Russia and China both did.
Speaker 1: And so what we see since twenty thirteen, the amount
Speaker 1: of US treasuries being purchased by foreign governments has been
Speaker 1: going down, while the amount of gold being purchased has
Speaker 1: been going up. So the dollars still a reserve currency currency.
Speaker 1: The yuwan can be also a major currency. But what
Speaker 1: are they saving in and what we can see since
Speaker 1: twenty thirteen, the amount of savings in dollars US treasury
Speaker 1: is going down and gold is going up. So that's
Speaker 1: a big difference. Now back to some other concerns, well
Speaker 1: before I got to take a quick break, I'll come
Speaker 1: back and give you those concerns. I'll be right back.
Speaker 1: All right, welcome back. If you just tune in, you're
Speaker 1: listening to the Mark Moss Show. We're talking about the
Speaker 1: global reserve currency going away. Everybody's scared about it. What's
Speaker 1: going on. So I was breaking it down history lesson
Speaker 1: to kind of build that base for you. So anyway
Speaker 1: back to some of these phone calls that I've got
Speaker 1: to explained to you that it is under attack. Yes,
Speaker 1: the bricks nations have formed these alliances. Yes, Putin and
Speaker 1: g are testing the US and trying to trade for
Speaker 1: all these commodities oil outside of the dollar. But so
Speaker 1: what so I kind of broke that down, the difference
Speaker 1: of the reserve currency versus the reserve asset. Now. So
Speaker 1: one of my friends he called me last night and
Speaker 1: he said, he, Mark, I see all this talk about
Speaker 1: this and what's going to happen. I'm afraid that I'm
Speaker 1: gonna wake up one day and my dollars are gonna
Speaker 1: buy me half as much good as they buy me. Now,
Speaker 1: the value of my dollars will drop in half. That's
Speaker 1: what he's afraid of. What should I do with my dollars?
Speaker 1: What should I do with my money, my money in
Speaker 1: the bank, my savings. I'm afraid I'm gonna wake up
Speaker 1: one day and it's gonna buy me half as much.
Speaker 1: And I said something that shocked him and it probably
Speaker 1: shocked you as well. And what that was is, I said, so,
Speaker 1: let me get this straight. You're afraid that you're gonna
Speaker 1: wake up one day and your dollars are going to
Speaker 1: buy you half as much goods? Right? He said yeah.
Speaker 1: I said, well, since two nineteen, your dollars already do
Speaker 1: buy you half as much goods. And he's like, what
Speaker 1: do you mean? So I said, well, how much is
Speaker 1: your home worth today? He said four million dollars? I
Speaker 1: said how much was your house worth five years ago?
Speaker 1: He said one point seven million. So your dollars buy
Speaker 1: you about forty percent of the house that it would
Speaker 1: have bought you five years ago. Your dollars already do
Speaker 1: buy you fifty percent less. As a matter of fact,
Speaker 1: if we take a look at a couple of just
Speaker 1: metrics so we can see this, we can see since
Speaker 1: January of twenty nineteen, the dollar has lost sixty percent
Speaker 1: to the S and P five index. All right, So
Speaker 1: does that makes sense when the when the stocks go up,
Speaker 1: it's it's not stocks going up, it's the value of
Speaker 1: your dollars going down. Why are the value of dollars
Speaker 1: going down? Well, because the US government, the Fed, the Treasury, etc.
Speaker 1: Have increased the money supply buy about forty percent in
Speaker 1: that time period. When you hear about all this money printing,
Speaker 1: you know, all these new acts, the Inflation Reduction Act
Speaker 1: and all these things. Even now they're belling oft the banks.
Speaker 1: They have to create that money. It's the conjure from
Speaker 1: the air. As they create more money, it makes all
Speaker 1: the existing units of money worth less. It's theft. So
Speaker 1: if I came to your house and you have, you
Speaker 1: know whatever, a thousand dollars and you're safe, and I
Speaker 1: took five hundred of that, I took fifty percent of
Speaker 1: your money away, and I went and spent that on
Speaker 1: whatever I wanted, would that be theft? Of course it
Speaker 1: would be. Of course it would be. You would now
Speaker 1: be able to buy half of the goods and services
Speaker 1: that you could have bought before you had a thousand dollars.
Speaker 1: Now you only have five hundred. You can only buy
Speaker 1: five hundred dollars with the goods and services. Meanwhile, I
Speaker 1: took five hundred and went and spent it on whatever
Speaker 1: I wanted. That's exactly what the government does. So you
Speaker 1: have a hundred, and now you have a thousand dollars
Speaker 1: in the bank. The difference is the Fed doesn't take
Speaker 1: the government doesn't take five hundred from your thousand. What
Speaker 1: they do is they print themselves more money and they
Speaker 1: go spend on whatever they want, whatever they want, like
Speaker 1: you know, giving a bunch of money Ukraine for example,
Speaker 1: and then your thousand dollars buys you five hundred dollars
Speaker 1: worth of goods and services. So it wasn't that you
Speaker 1: didn't see your currency units go from a thousand to
Speaker 1: five hundred, but what you can buy with the money
Speaker 1: did go from a thousand to five hundred. And that's
Speaker 1: why it's silent. It's secret theft. You don't realize it.
Speaker 1: But it's the same thing. They the government gave themselves
Speaker 1: money and bought whatever they want with it, and what
Speaker 1: you can now buy with your money got cut in half.
Speaker 1: It's theft. It's not okay, and you have to understand that.
Speaker 1: So but back to the kind of the point that
Speaker 1: I'm making he's afraid, and you might be afraid that
Speaker 1: one day because of what's happening, your dollars are going
Speaker 1: to buy you half as much goods and services they
Speaker 1: already do, sixty percent less of the SMP, five hundred
Speaker 1: seventy seven percent less bitcoin, and the median home price
Speaker 1: in the United States in January of twenty nineteen was
Speaker 1: three hundred and thirteen thousand, and today it's four hundred
Speaker 1: and sixty seven thousand. Yes, you buy fifty percent less
Speaker 1: home today in the same period, so we were already
Speaker 1: seeing it. So is it going to happen? Yes, My
Speaker 1: guess is in five years from now, dollars buy you
Speaker 1: fifty percent less goods again. So stocks will be higher,
Speaker 1: real estate will be high, and bitcoin will be higher.
Speaker 1: And so the greatest fear he has is already is
Speaker 1: already here. We're already living it. Now. What else A
Speaker 1: couple other things. I don't really want to get into
Speaker 1: the banking crisis because I've already covered that a pretty extensively.
Speaker 1: If you if you want to catch me, you want
Speaker 1: to get my opinions on the banking crisis, go to
Speaker 1: my main YouTube channel, Mark Moss and just see the
Speaker 1: videos that I've done their numerous channel, numerous videos where
Speaker 1: I have all the charts and graphs. You can see
Speaker 1: him there on a video. I've also talked about it
Speaker 1: here on the podcast and the radio. Would just go
Speaker 1: search the Mark Moss Show and your favorite podcast player
Speaker 1: and you can find those back issues. But I do
Speaker 1: want to just address the other The other call that
Speaker 1: I had to take last night is from my wife's friend.
Speaker 1: I don't typically like to take these calls because I'm
Speaker 1: too busy, calls even from my own friends. But they
Speaker 1: were also worried. They sold their house. They have money
Speaker 1: sitting the bank, and they're worried about their money in
Speaker 1: the bank. What are we gonna do? And I said,
Speaker 1: well over what time frame? Like, are you worried about
Speaker 1: it over then five years, ten years, five months? We
Speaker 1: want to buy another house right away. We just don't
Speaker 1: want to lose our money in a banking collapse. So
Speaker 1: they weren't worried so much about losing it through inflation
Speaker 1: like my first friend was asking about. They're more worried
Speaker 1: about it and a banking collapse, what happens to the money.
Speaker 1: And so I'm just gonna address that for you real quick.
Speaker 1: What I told them is, first of all, as I've
Speaker 1: already kind of said multiple times, keep your money in
Speaker 1: bank accounts less than the FDIC insured amount two hundred
Speaker 1: fifty thousand dollars. That's just step number one. That should
Speaker 1: be good enough. Second of all, if you're still worried
Speaker 1: about it, go to a big bank. The big banks
Speaker 1: are deemed too big to fail. They've Janet Yellen has
Speaker 1: told us this as much. Who are the big banks.
Speaker 1: They're Wells, Fargo, JP, Morgan, and City Bank. Those banks
Speaker 1: are too big to fail. Bank of America they've told
Speaker 1: us they're going to bail them out, And so you're
Speaker 1: safe there if you're still worried about it, and maybe
Speaker 1: you should anyway, instead of keeping your money in the bank,
Speaker 1: go put it into US treasuries, where today you can
Speaker 1: keep them liquid under two year durations and make about
Speaker 1: three and a half percent, which is way better, about
Speaker 1: three hundred times better than the amount of money you
Speaker 1: can make sitting in your bank account. So those are
Speaker 1: some things that you should do if you're kind of
Speaker 1: worried about it. But let's jump back into this d
Speaker 1: dollarization and exactly what's going on here. So In the
Speaker 1: CNN video, they talked about the dollar losing its reserve
Speaker 1: status and they called it a death by a thousand cuts,
Speaker 1: death by a thousand cuts. And really it's the United
Speaker 1: States that's doing it to itself. It's the United States
Speaker 1: race to lose here. But it's a death buy a
Speaker 1: thousand cuts. It's all these little sanctions, it's all these
Speaker 1: little government programs, it's all this increased spending. It's all
Speaker 1: of these things that both one create more monetary units,
Speaker 1: which steals your purchasing power, which means people don't want
Speaker 1: to hold it. And two, it continues to erode the
Speaker 1: trust in the banking sector, in the dollars credibility. Now,
Speaker 1: as I kind of said before, nobody's putting their debt.
Speaker 1: No one's using the Chinese bond market or or credit markets,
Speaker 1: or the Russian markets as a place to store their
Speaker 1: reserves because they don't trust the Chinese either. You want
Speaker 1: to keep your money, you want to store your reserve
Speaker 1: assets somewhere that has a strong rule of law. That
Speaker 1: would be something that would have like due process, you know,
Speaker 1: before they just arbitrarily steal your money, they would go
Speaker 1: through at least some sort of a due process, so
Speaker 1: a strong rule of law. There has to be trust there.
Speaker 1: The problem is, as I said, Russia trying to whatever
Speaker 1: country fill in the blank doesn't have that trust. The
Speaker 1: US does. But the US is doing everything it can
Speaker 1: to undermine its own. It's on its own trust. It's
Speaker 1: a death by a thousand cuts. The other the other
Speaker 1: thing is that I said, it's it's our race to lose.
Speaker 1: I saw this quote. I was reading this this this morning.
Speaker 1: I love I love what our founding father said. So
Speaker 1: many of them, they were just so smart back in
Speaker 1: the day, and I came across this quote, which I
Speaker 1: love to read. You know what they talked about, what
Speaker 1: the warnings were about banking and what the problems would
Speaker 1: be with the banking system. So I'm gonna read that
Speaker 1: when I come back in a second. If you're just
Speaker 1: tuning in, you're listening to the Markma Show talking about
Speaker 1: the dollar as the reserve currency of the world and
Speaker 1: losing that and what is going to happen. So I'm
Speaker 1: gonna talk more about what is going to happen now
Speaker 1: as this continues, what you can do to watch it
Speaker 1: as it unfolds, What you can do to protect yourself
Speaker 1: from all of this, and we're going to talk about
Speaker 1: the central bank digital currencies that might be coming in
Speaker 1: their place. So I got more to cover. When I
Speaker 1: come back, I'm gonna take a very quick break just
Speaker 1: for a second, though. I'll be right back. Don't go away,
Speaker 1: all right, welcome back. If you just tune in, you're
Speaker 1: listening to the Markma Show. We're talking about the dollars
Speaker 1: losing the reserve currency status. It's all over the news.
Speaker 1: It's all we see. It's a dominating every single headline.
Speaker 1: Oh my gosh, the bricks nations are rising up. I
Speaker 1: talk about it all the time. I shouldn't. I shouldn't
Speaker 1: laugh about it because I talk about it as well.
Speaker 1: It's certainly something to keep an eye on because it
Speaker 1: continues to build into the thesis that, of course we
Speaker 1: talk about each and every week, which is the decentralization
Speaker 1: of the world. Yes, the dollar is losing its place
Speaker 1: as the reserve currency of the world. Yes, other nations
Speaker 1: are starting to use Yuan to trade, to subtle trade. Yes. Yes,
Speaker 1: Saudi Arabia, who's been backing the currency with their oil
Speaker 1: for all these decades, is now we're going to start
Speaker 1: selling it in other currencies. Yes, all those things are true,
Speaker 1: and so yes, all those things continue to build into
Speaker 1: this narrative that we have. What I guess what I'm
Speaker 1: trying to point out today is that yes, all of
Speaker 1: these things are happening, and yes they've all been happening,
Speaker 1: but it's it's not time for a panic. It's not
Speaker 1: like something's going to happen in the next week or
Speaker 1: month or year that all of a sudden is going
Speaker 1: to destroy the world. It's the death by a thousand cuts.
Speaker 1: The US is slowly bleeding out. So what we want
Speaker 1: to do is we want to be aware of the situation.
Speaker 1: We want to watch situation, we want to prepare for
Speaker 1: the situation. We want to be directionally correct. But we
Speaker 1: don't need to be full of panic. And and I
Speaker 1: guess you know, I'm all for making sensational headlines, but
Speaker 1: I'm just trying to take away some of that panic.
Speaker 1: Can show you that it's already happening. Like I said earlier,
Speaker 1: with my friend called me up on the phone freaking
Speaker 1: out last night, worried that on day's gonnake up and
Speaker 1: as money's gonna buy hi fifty percent less, and I said,
Speaker 1: it already does it already does buy you fifty percent less.
Speaker 1: Have you filled up your car with gas? How much
Speaker 1: has gas changed in the last four years. It's lost
Speaker 1: fifty percent to gasoline? What about milk? What about eggs?
Speaker 1: What about steak? Yes, you buy fifty percent less milk, eggs,
Speaker 1: and steak than you did five years ago. So it's
Speaker 1: already happened, and this will continue to happen. So while
Speaker 1: I'm certainly not downplaying it, it is real and it
Speaker 1: is happening, and it is Yes, you do need to
Speaker 1: do something to protect yourself. I already gave you some ideas.
Speaker 1: We're gonna talk about more here in a second. But
Speaker 1: at the same time, I think we don't need to
Speaker 1: be I mean, I don't know. Like I said, I
Speaker 1: suppose I can be sensational too, so I'll take it.
Speaker 1: Someone easy on it. But this has continue to happen.
Speaker 1: Now in this CNN video that they that I was referencing,
Speaker 1: where they said it was death by a thousand cuts,
Speaker 1: they said, we searched the world over looking for the
Speaker 1: next reserve currency, but there is none. And that's a
Speaker 1: key piece here, And so that's that's the thing that
Speaker 1: I want to hit on for a second, because we
Speaker 1: have this situation where everybody's looking for the next global
Speaker 1: reserve currency. Okay, the dollars. So as we go through history,
Speaker 1: we can see lots of currencies have been that. Like
Speaker 1: I said, the dollars took over the pound sterling. So
Speaker 1: everyone's looking for the next What is the next? And
Speaker 1: as the CNN host said, we scan the world for
Speaker 1: the next reserve currency, but there is none. Now why
Speaker 1: is there none? Well, there's two reasons, I would say.
Speaker 1: The first reason is because of the big global trend
Speaker 1: that's happening, which is the decentralization, the deglobalization trend that's happening.
Speaker 1: It's my thesis that I talk about each and every
Speaker 1: week here on the show, and there's no stopping that.
Speaker 1: We see it everywhere we go. And this is what
Speaker 1: we're talking about right now. The dollars homogeney is being
Speaker 1: challenged and being broken. And now we're starting to use
Speaker 1: other currencies around the world. And as the world continues
Speaker 1: to shift back from a globalized, centralized world to a deglobalized,
Speaker 1: decentralized world, no one's going to agree on one currency.
Speaker 1: There's no global unpolar party to decree from on high.
Speaker 1: This is the new one. This is it, Like there's
Speaker 1: nobody there. The voice, the globalized, unified voice is gone.
Speaker 1: It's all broken apart. Then everybody's going to use whatever
Speaker 1: they're gonna use. And this is also it's also a
Speaker 1: big part of just where we are as a society,
Speaker 1: as a world, where we are at this point in
Speaker 1: time in history. I did a interview recently with the
Speaker 1: author of a book. I don't know if the actually
Speaker 1: the interneviews published yet, but of the author of with
Speaker 1: the author of the book called The Revolt of the Public,
Speaker 1: and it basically talks about how, you know, things change,
Speaker 1: technology changes, which of course is what I talked about
Speaker 1: all the time, how the printing press changed things because
Speaker 1: it allowed us to think and act on our own.
Speaker 1: But the Internet has also did the same thing. And
Speaker 1: as I was talking to him, you know, I was thinking,
Speaker 1: and we were talking about how like when I was
Speaker 1: a kid, we all listened to the same music, we
Speaker 1: all watched the same TV shows, we all read the
Speaker 1: same things. There was three when I was a kid.
Speaker 1: There was three channels on TV. That was it before cable.
Speaker 1: There was three channels, right, And so we all listened
Speaker 1: and watched the same things, and so it's very easy
Speaker 1: to get everybody on the same page when everybody only
Speaker 1: had a couple of choices. Today we have millions of choices.
Speaker 1: We'll never get back on the same page. Ever. Again,
Speaker 1: the Internet has allowed each of us to find our
Speaker 1: own taste, our own interests, pursue our own passions, and
Speaker 1: allows us to all find this corner of the internet
Speaker 1: that serves our own very specific use case in niche.
Speaker 1: And so that's part of why it's technology that changes things.
Speaker 1: It changed the way that we organized, communicate, and so forth,
Speaker 1: and so as this world continues to break apart. He
Speaker 1: states in the book that our system of governance today
Speaker 1: is not compatible with the technology that we have. So
Speaker 1: as we went into the industrial age, we started working
Speaker 1: in factories, and they figured out how to get all
Speaker 1: of these people, these masses into a factory and basically
Speaker 1: get them to all do the same amount of work,
Speaker 1: managing the masses by above central planning. And then our
Speaker 1: current form of government was designed off of that to
Speaker 1: manage the economy from above, a central form of governance.
Speaker 1: But now we don't have large scale manufacturing like that anymore.
Speaker 1: Now manufacturing has done all over the world and little
Speaker 1: bits and pieces and then it comes together for final assembly.
Speaker 1: We don't have that anymore, and neither do we neither
Speaker 1: does the very centralized global governance system work on top
Speaker 1: of that anymore. That's done, it's over. It's never coming back. Well,
Speaker 1: I don't want to say never never as a long time,
Speaker 1: but it's not coming back anytime soon, not in our
Speaker 1: lifetimes for sure. And so as the work continued to
Speaker 1: break apart, they're going to continue use different currencies. Someone's
Speaker 1: gonna use go back to using gold, and someone's going
Speaker 1: to go to use a nickel, and someone's gonna use
Speaker 1: oil to trade, and then there's gonna be different currencies.
Speaker 1: For me, I'm using bitcoin. Bitcoin is my reserve assets.
Speaker 1: Bitcoin is lots of people's reserve ASTs. It's now Fortune
Speaker 1: five companies, like micro Strategies reserve asset. It's even nations
Speaker 1: like El Salvador's reserve asset. Now you think you may
Speaker 1: think that bitcoin is stupid, great, so use gold. Gold
Speaker 1: can be your reserve asset. Someone else might still want
Speaker 1: to keep dollars. I don't recommend it. Then keep dollars
Speaker 1: as your reserve asset. You can figure out for yourself.
Speaker 1: But the point is that we're all going to be
Speaker 1: using different things as this world continues to break apart.
Speaker 1: Of course, the government doesn't like that, I should say
Speaker 1: specifically the U government doesn't like that, and even bigger,
Speaker 1: specifically the Western governments that can control the money don't
Speaker 1: like that. They want to keep you locked in. If
Speaker 1: there's an exit that you're allowed to get out and
Speaker 1: exit the system, then the whole system collapses. Back to
Speaker 1: that kind of tweet that I talked about in the beginning,
Speaker 1: where if I'm having a party and I start kicking
Speaker 1: everybody out of the party, then all of a sudden,
Speaker 1: you have your own party. I have no control over you.
Speaker 1: So this is the conundrum. This is the dilemma that
Speaker 1: the government finds itself in if they continue to kick
Speaker 1: people out, which they already have, and it's too late,
Speaker 1: right the animals are out of the barn. What do
Speaker 1: they say, It's like closing the barn door after the
Speaker 1: animals are gone or whatever. It's like, it's too late.
Speaker 1: The animals are gone, They've already started their own party.
Speaker 1: They're not coming back now. What they're trying to do
Speaker 1: is to close the barn doors and keep whoever's left
Speaker 1: there now. But instead of kicking you out, they want
Speaker 1: to beat you into submission. Instead of kicking you out
Speaker 1: because you're too noisy, others put a gag in your mouth.
Speaker 1: Instead of kicking you out because you're moving around too much,
Speaker 1: they'll just tie you to the floor, break your legs.
Speaker 1: That's what the path is now. And we see this
Speaker 1: in the form of central bank digital currencies coming in
Speaker 1: even more specifically, this new bill that just came out
Speaker 1: called the restrict AC that, in my opinion, is the
Speaker 1: most dangerous bill that's ever been put forth ever in
Speaker 1: the history of America. I warned that this was going
Speaker 1: to be coming, and yet here it is. I did
Speaker 1: a full video on my YouTube channel just search that
Speaker 1: if you want to go check it out. I don't
Speaker 1: have time to break that all down for you right now.
Speaker 1: Maybe next week. I will drop me some comments on
Speaker 1: social media. If you want to break it down, hit
Speaker 1: me up on social media at one Mark Moss, leave
Speaker 1: me a comment, send an email, tell me you're listening
Speaker 1: to the show, tell me you like it, tell me
Speaker 1: what you want me to talk about. If I'm going
Speaker 1: to break that down, I will or go watch it
Speaker 1: on my main YouTube channel, just search Mark Moss. Of course,
Speaker 1: as always, you can watch these and listen to me
Speaker 1: at the same time on the Market Disruptors YouTube channel,
Speaker 1: your favorite podcast player. I just searched the Mark Moss Show.
Speaker 1: But it's real, it's happening. We see it all over.
Speaker 1: Hopefully this brings a little bit of ease to you.
Speaker 1: Not that it's not happening, but it's not that something
Speaker 1: bad is going to happen tomorrow, but it is happening,
Speaker 1: and you do need to take the steps to prepare
Speaker 1: and protect yourself. That's what I got. Thanks so much
Speaker 1: for listening. Until next time.