1 00:00:00,040 --> 00:00:02,800 Speaker 1: Hello, and welcome back to another episode of the Markmas Show, 2 00:00:02,800 --> 00:00:05,520 Speaker 1: where we talk about the decentralized revolution. Of course, we 3 00:00:05,600 --> 00:00:07,840 Speaker 1: talk about the way the world is changing, and of 4 00:00:07,840 --> 00:00:10,680 Speaker 1: course we look at it through the lens of politics, finance, 5 00:00:10,800 --> 00:00:13,600 Speaker 1: and technology, three driving forces. Of course, we look at 6 00:00:13,640 --> 00:00:16,919 Speaker 1: the convergence of those three things. And I like to 7 00:00:16,960 --> 00:00:21,560 Speaker 1: bring you some education, some breaking news, and some interesting guests. 8 00:00:21,560 --> 00:00:23,400 Speaker 1: And today I want to cover some of the latest 9 00:00:23,440 --> 00:00:26,479 Speaker 1: breaking news stories that I saw this week that caught 10 00:00:26,520 --> 00:00:28,680 Speaker 1: my eye that I think you should be up on, 11 00:00:28,760 --> 00:00:31,479 Speaker 1: that you should be understanding what's going on. Now, we'll 12 00:00:31,480 --> 00:00:36,800 Speaker 1: start with the top. I mean, out of the three things, politics, finance, technology, 13 00:00:36,800 --> 00:00:39,960 Speaker 1: the thing that really drives the world, changes the world 14 00:00:39,960 --> 00:00:43,200 Speaker 1: more than anything else, is technology. And of course we're 15 00:00:43,240 --> 00:00:48,000 Speaker 1: witnessing the decentralized revolution and we're witnessing the decentralized technology 16 00:00:48,040 --> 00:00:51,000 Speaker 1: at the same time. And of course that is Bitcoin. Now. 17 00:00:51,040 --> 00:00:54,360 Speaker 1: One of the biggest drawbacks, or I shouldn't say drawbacks, 18 00:00:54,600 --> 00:00:59,080 Speaker 1: One of the biggest attack vectors by bitcoin's opponents is 19 00:00:59,120 --> 00:01:02,600 Speaker 1: that it uses is too much energy. It waste energy, 20 00:01:02,680 --> 00:01:06,200 Speaker 1: they say, and so they suppose it's a big problem. Now, 21 00:01:06,240 --> 00:01:11,600 Speaker 1: First of all, it wastes energy. What does that even mean? Well, 22 00:01:11,640 --> 00:01:16,000 Speaker 1: first of all, the amount of total energy that bitcoin 23 00:01:16,120 --> 00:01:20,920 Speaker 1: uses is micro in comparison to the amount of energy 24 00:01:21,000 --> 00:01:22,640 Speaker 1: used in the world, and it's micro compared to the 25 00:01:22,640 --> 00:01:26,240 Speaker 1: amount of energy used for other things like what like 26 00:01:27,200 --> 00:01:29,720 Speaker 1: clothes dryers, for example, use way more energy than the 27 00:01:29,720 --> 00:01:33,800 Speaker 1: bitcoin blockchain does. And do you really need your clothes 28 00:01:33,880 --> 00:01:35,760 Speaker 1: dried in a machine? Couldn't you just hang them up 29 00:01:35,800 --> 00:01:39,520 Speaker 1: on a line in your backyard. The servers that power 30 00:01:39,680 --> 00:01:44,040 Speaker 1: power YouTube uses more energy than the Bitcoin mind ecosystem, 31 00:01:44,120 --> 00:01:48,440 Speaker 1: So it waste energy, supposedly, is what they say. But 32 00:01:48,520 --> 00:01:50,680 Speaker 1: the amount of total amount of energy it uses period 33 00:01:50,760 --> 00:01:52,320 Speaker 1: is less than lots of other things that I could 34 00:01:52,360 --> 00:01:54,800 Speaker 1: easily argue would be a waste. But who's to say 35 00:01:54,840 --> 00:01:59,040 Speaker 1: what is a waste? One's man's trash is another man's treasure. 36 00:01:59,080 --> 00:02:01,960 Speaker 1: You might find that you need to go stare out 37 00:02:02,240 --> 00:02:05,040 Speaker 1: into space for three hours a day, which is a 38 00:02:05,080 --> 00:02:08,280 Speaker 1: total waste of your time in my opinion, But for you, 39 00:02:08,639 --> 00:02:13,480 Speaker 1: it's what keeps you mentally sane, for example, And so 40 00:02:13,639 --> 00:02:16,320 Speaker 1: what is waste? The one thing that I would argue 41 00:02:16,440 --> 00:02:20,560 Speaker 1: potentially could be waste would be creating something that doesn't 42 00:02:20,600 --> 00:02:23,399 Speaker 1: get used. So what do I mean by that? If 43 00:02:23,440 --> 00:02:26,799 Speaker 1: I made a bunch of food and nobody ate it, 44 00:02:27,040 --> 00:02:29,000 Speaker 1: and then I had to throw the food away, you 45 00:02:29,040 --> 00:02:33,320 Speaker 1: could argue that might be a waste potentially because I 46 00:02:33,880 --> 00:02:37,000 Speaker 1: made it and nobody used it. And so if we 47 00:02:37,040 --> 00:02:39,239 Speaker 1: look at energy in that way, we could also say 48 00:02:39,240 --> 00:02:41,200 Speaker 1: the same we look at the total amount of energy 49 00:02:41,320 --> 00:02:45,519 Speaker 1: being created and then energy being created that's actually not 50 00:02:45,720 --> 00:02:48,280 Speaker 1: used at all. Now, what do you mean why would 51 00:02:48,360 --> 00:02:51,080 Speaker 1: energy be created but not used. Well, there's lots of 52 00:02:51,120 --> 00:02:54,720 Speaker 1: power plants along around the world that create more power 53 00:02:55,480 --> 00:02:58,359 Speaker 1: than the people drawing on that use and so there's 54 00:02:58,440 --> 00:03:02,880 Speaker 1: wasted energy. And that's why places that California have the 55 00:03:02,960 --> 00:03:05,520 Speaker 1: highest energy prices in the world, because we don't create 56 00:03:05,639 --> 00:03:07,919 Speaker 1: enough energy for the amount of people using it and 57 00:03:07,919 --> 00:03:10,640 Speaker 1: we have to import energy, so prices go up supply demand, right. 58 00:03:11,160 --> 00:03:13,560 Speaker 1: But then there's areas around the country and around the 59 00:03:13,600 --> 00:03:16,280 Speaker 1: world where they create more energy than it's being used, 60 00:03:16,280 --> 00:03:18,560 Speaker 1: and so they're trying to sell it for anything they can. 61 00:03:18,919 --> 00:03:22,320 Speaker 1: While in California on paying forty cents per kilowatt hour, 62 00:03:22,600 --> 00:03:24,079 Speaker 1: there's places in the world that have it for self 63 00:03:24,120 --> 00:03:27,520 Speaker 1: for two or three cents because nobody's buying it. So 64 00:03:27,560 --> 00:03:30,880 Speaker 1: if we look at the amount of energy being created 65 00:03:31,080 --> 00:03:34,920 Speaker 1: and not used, I could say that would be a waste. 66 00:03:35,440 --> 00:03:39,560 Speaker 1: Bitcoin is only using a very small percentage of that energy. 67 00:03:39,920 --> 00:03:42,160 Speaker 1: It uses the energy that's being created but not used, 68 00:03:42,440 --> 00:03:44,840 Speaker 1: so it only uses a very micro amount. But on 69 00:03:44,880 --> 00:03:46,680 Speaker 1: top of that, we saw that there was a major 70 00:03:46,760 --> 00:03:50,440 Speaker 1: milestone that was talked about this week in that bitcoin 71 00:03:50,480 --> 00:03:54,480 Speaker 1: mind is fueled by sustainable energy. As a matter of fact, 72 00:03:54,560 --> 00:03:57,320 Speaker 1: there was this article that came out Cambridge Center for 73 00:03:57,360 --> 00:04:03,360 Speaker 1: Alternative Finance study on Bitcoin Environmental impact, and it says 74 00:04:03,400 --> 00:04:06,880 Speaker 1: that the sustainable energy use is at least fifty two 75 00:04:07,000 --> 00:04:09,680 Speaker 1: and a half fifty two point six percent of bitcoin's 76 00:04:09,720 --> 00:04:13,960 Speaker 1: mining total energy. So it says that if you care 77 00:04:14,000 --> 00:04:21,479 Speaker 1: about ESG, then you might care that Bitcoin's adoption is 78 00:04:21,640 --> 00:04:27,320 Speaker 1: all being done on sustainable energy. The Bitcoin Mining Council 79 00:04:27,360 --> 00:04:29,960 Speaker 1: study found it uses fifty eight point nine percent of 80 00:04:29,960 --> 00:04:34,040 Speaker 1: sustainable energy, so almost sixty percent. Now, for me, I 81 00:04:34,080 --> 00:04:36,840 Speaker 1: think it's sort of ridiculous. I think this is the 82 00:04:36,960 --> 00:04:40,160 Speaker 1: wrong number, wrong data to hone in on. However, for 83 00:04:40,200 --> 00:04:43,720 Speaker 1: those people that for somehow feel that the amount of 84 00:04:43,960 --> 00:04:48,080 Speaker 1: energy being used is bad, well then you can throw 85 00:04:48,080 --> 00:04:54,280 Speaker 1: out that sixty percent of it is coming from sustainable uses. Now, 86 00:04:54,360 --> 00:04:55,800 Speaker 1: the other point that I'd like to point out is, 87 00:04:55,839 --> 00:04:59,520 Speaker 1: like I said, bitcoin doesn't compete for energy. Bitcoin bitcoin 88 00:04:59,560 --> 00:05:02,960 Speaker 1: mining can't work in California because there's too much competition 89 00:05:03,000 --> 00:05:05,360 Speaker 1: for energy the price is too high. Bitcoin mining can 90 00:05:05,400 --> 00:05:07,840 Speaker 1: only work in areas where there's no competition, meaning there's 91 00:05:07,880 --> 00:05:10,160 Speaker 1: too much power being produced because it needs to have 92 00:05:10,200 --> 00:05:13,880 Speaker 1: two three four cent power. And so the amount all 93 00:05:13,920 --> 00:05:17,039 Speaker 1: of the energy that bitcoin is being is consuming is 94 00:05:17,160 --> 00:05:20,840 Speaker 1: using is the energy that would go to waste if 95 00:05:20,839 --> 00:05:24,960 Speaker 1: bitcoin didn't didn't use it. Now, in regards to bitcoin mining, 96 00:05:25,000 --> 00:05:27,279 Speaker 1: we saw that looking at the bitcoin price. I don't 97 00:05:27,279 --> 00:05:29,440 Speaker 1: typically like to look at the bitcoin price. I think 98 00:05:29,480 --> 00:05:31,719 Speaker 1: the price is the least interesting part. With new technology, 99 00:05:31,760 --> 00:05:33,800 Speaker 1: we will look at the growth of the network and 100 00:05:33,880 --> 00:05:36,560 Speaker 1: the development on the network. I want to talk about 101 00:05:36,600 --> 00:05:39,600 Speaker 1: two of those, both of those things. But the growth 102 00:05:39,600 --> 00:05:42,000 Speaker 1: of the network would be both the amount of users, 103 00:05:42,120 --> 00:05:44,839 Speaker 1: you know, the new wallets, the users that are using it, 104 00:05:45,080 --> 00:05:48,520 Speaker 1: potentially merchants that are accepted in etc. But we'd also 105 00:05:48,600 --> 00:05:51,840 Speaker 1: look at the growth of the network. And you can 106 00:05:51,880 --> 00:05:56,280 Speaker 1: measure the growth of the network through the mining capacity, 107 00:05:56,320 --> 00:05:58,960 Speaker 1: the hash power and so we can see that the 108 00:05:58,960 --> 00:06:02,600 Speaker 1: bitcoin miners we're talking about with energy use, we can 109 00:06:02,640 --> 00:06:06,960 Speaker 1: see that the bitcoin miners are actually have been actually 110 00:06:07,000 --> 00:06:11,680 Speaker 1: outperforming bitcoin most recently on the price. Part of that's 111 00:06:11,680 --> 00:06:14,800 Speaker 1: because the bitcoin miners got so oversold, they sold them 112 00:06:14,800 --> 00:06:18,039 Speaker 1: off so much, and they're bouncing back faster. It's sort 113 00:06:18,040 --> 00:06:22,159 Speaker 1: of like gold miners versus physical gold. So gold miners 114 00:06:22,160 --> 00:06:24,080 Speaker 1: typically go up more than physical goal because of the 115 00:06:24,160 --> 00:06:27,120 Speaker 1: leverage that they employ, and we're seeing sort of the 116 00:06:27,200 --> 00:06:31,440 Speaker 1: same thing in bitcoin mining. But it's important not so 117 00:06:31,520 --> 00:06:33,760 Speaker 1: much that it's outperforming bitcoin, but what I see as 118 00:06:33,800 --> 00:06:38,160 Speaker 1: important is that the amount of hash rate expansion. So 119 00:06:38,200 --> 00:06:40,719 Speaker 1: you measure computers by the amount of hash rate they have, 120 00:06:41,120 --> 00:06:43,279 Speaker 1: and what we can see is that the hash rate 121 00:06:43,360 --> 00:06:46,039 Speaker 1: has been going up. As a matter of fact, it's 122 00:06:46,120 --> 00:06:48,800 Speaker 1: up by one hundred and twenty nine percent over the 123 00:06:48,920 --> 00:06:52,640 Speaker 1: last year, which is pretty amazing. That's a massive growth. 124 00:06:52,680 --> 00:06:55,120 Speaker 1: So the growth of the network. The miners not only 125 00:06:55,160 --> 00:06:58,320 Speaker 1: support the transactions, but they support the security, and so 126 00:06:58,400 --> 00:07:01,000 Speaker 1: the more miners that are on the bitcoin network, the 127 00:07:01,120 --> 00:07:03,919 Speaker 1: more security it has, and we see that it is 128 00:07:04,040 --> 00:07:09,520 Speaker 1: going through the roof, which is a good thing. Now, 129 00:07:09,600 --> 00:07:12,040 Speaker 1: I also want to talk about the development on the network, 130 00:07:12,080 --> 00:07:13,760 Speaker 1: because we also want to look at what is being 131 00:07:13,840 --> 00:07:16,920 Speaker 1: developed on the network. Now. A company that I've been 132 00:07:16,920 --> 00:07:22,360 Speaker 1: working with, Zion Zion app zio n just launched its 133 00:07:22,560 --> 00:07:26,640 Speaker 1: version two, which uses the Bitcoin network. They launched it 134 00:07:26,720 --> 00:07:29,559 Speaker 1: using what's what Jack Dorsey, the founder of Twitter, calls 135 00:07:29,800 --> 00:07:34,160 Speaker 1: Web five and so basically Zion is a new social 136 00:07:34,200 --> 00:07:37,120 Speaker 1: media app. You can download it now. To do it now, 137 00:07:37,280 --> 00:07:40,440 Speaker 1: get your phone app, download the Zion app, and it 138 00:07:40,640 --> 00:07:43,760 Speaker 1: uses the Web five standards. So you can have your 139 00:07:43,760 --> 00:07:49,160 Speaker 1: own ID. It's called a d IDA Decentralized Online Identity 140 00:07:49,520 --> 00:07:54,040 Speaker 1: d ID, and basically you can have your own ID 141 00:07:55,480 --> 00:07:58,840 Speaker 1: that has all of your information, but you want that 142 00:07:58,920 --> 00:08:03,160 Speaker 1: in a place that can be hacked or shutdown or censored. 143 00:08:03,480 --> 00:08:07,640 Speaker 1: And so it uses the bitcoin blockchain, Bitcoin time chain 144 00:08:08,040 --> 00:08:12,640 Speaker 1: to hash or to store that decentralized ID information. You 145 00:08:12,640 --> 00:08:15,920 Speaker 1: wouldn't want to put that d ID into another blockchain 146 00:08:16,040 --> 00:08:18,559 Speaker 1: like Ethereum or Cardano that could just change the rules 147 00:08:18,560 --> 00:08:21,280 Speaker 1: and get censored, and so instead it goes into the 148 00:08:21,440 --> 00:08:27,160 Speaker 1: Bitcoin time chain where it's censorship resistance. Now, Zion, like 149 00:08:27,200 --> 00:08:29,840 Speaker 1: I said, just launched version to check it out. Ad 150 00:08:29,880 --> 00:08:31,920 Speaker 1: me on there. I have a community. I'm setting up 151 00:08:31,920 --> 00:08:35,720 Speaker 1: on there right now and there's over sixty thousand people 152 00:08:35,720 --> 00:08:40,000 Speaker 1: waiting to come on. It's we have funding from Aaron 153 00:08:40,080 --> 00:08:44,440 Speaker 1: Rodgers from the Green Bay Packers. Tony Robbins is now 154 00:08:44,440 --> 00:08:47,240 Speaker 1: promoting this. You can see on his Twitter he posted 155 00:08:47,280 --> 00:08:49,720 Speaker 1: this the day. But basically what this opens up is 156 00:08:49,920 --> 00:08:53,839 Speaker 1: the ability for you to own your own community by 157 00:08:53,920 --> 00:08:56,720 Speaker 1: owning your own ID. So if you've been afraid of 158 00:08:56,960 --> 00:09:01,199 Speaker 1: you know, YouTube or Twitter or somebody censoring you, with 159 00:09:01,240 --> 00:09:05,320 Speaker 1: an app like Zion built on top of the bitcoin blockchain, 160 00:09:05,360 --> 00:09:07,160 Speaker 1: you don't have to worry about that anymore, and you 161 00:09:07,200 --> 00:09:12,240 Speaker 1: can move messages and bitcoin and money around seamlessly. Check 162 00:09:12,240 --> 00:09:15,360 Speaker 1: it out Zion, and this is a massive development on 163 00:09:15,400 --> 00:09:17,559 Speaker 1: the bitcoin blockchain. Remember we're looking at growth of the 164 00:09:17,600 --> 00:09:20,199 Speaker 1: network and development on the network. If you're just tune in, 165 00:09:20,280 --> 00:09:22,360 Speaker 1: you're listening to the Mark Moas Show, we're talking about 166 00:09:22,600 --> 00:09:26,600 Speaker 1: the latest breaking news stories this week in the decentralized Revolution. 167 00:09:26,640 --> 00:09:28,439 Speaker 1: I have a whole lot more stories to govern. When 168 00:09:28,440 --> 00:09:30,280 Speaker 1: we come back, I gotta take a quick break. I'll 169 00:09:30,320 --> 00:09:32,280 Speaker 1: be right back with more. You don't want to miss it, 170 00:09:32,320 --> 00:09:36,560 Speaker 1: so I'll be right back, all right, Welcome back. If 171 00:09:36,600 --> 00:09:38,640 Speaker 1: you're just tune in, you're listening to the Mark Moas Show. 172 00:09:38,679 --> 00:09:42,160 Speaker 1: Of course, we're talking about the decentralized revolution. We're running 173 00:09:42,160 --> 00:09:45,160 Speaker 1: through some of the latest breaking news stories and headlines 174 00:09:45,320 --> 00:09:46,720 Speaker 1: to keep you up to date so you know what 175 00:09:46,760 --> 00:09:48,439 Speaker 1: the heck is going on out there in the world. 176 00:09:48,760 --> 00:09:50,680 Speaker 1: You know, I want you to sound like you're really 177 00:09:50,720 --> 00:09:52,520 Speaker 1: smart and paying attention when you go to those parties 178 00:09:52,520 --> 00:09:54,960 Speaker 1: over the weekend. And so looking at some of these 179 00:09:55,040 --> 00:09:58,080 Speaker 1: news headlines. One story that I've been talking about a lot, 180 00:09:59,200 --> 00:10:01,240 Speaker 1: and not just me, it's been all over If you 181 00:10:01,520 --> 00:10:04,760 Speaker 1: look at alternative news sources, you see it being talked 182 00:10:04,760 --> 00:10:07,920 Speaker 1: about all the time. And that is a CBDC or 183 00:10:07,960 --> 00:10:12,600 Speaker 1: a central bank digital currency. Now I've been out here 184 00:10:12,640 --> 00:10:16,160 Speaker 1: pounding the table on it because they're bad. They're very, 185 00:10:16,280 --> 00:10:22,760 Speaker 1: very bad. But it's not certain. It's not a foregone 186 00:10:22,800 --> 00:10:27,280 Speaker 1: conclusion that we're going to have CBDCs. So let me explain. 187 00:10:27,679 --> 00:10:32,439 Speaker 1: A central bank digital currency is very bad because of 188 00:10:32,520 --> 00:10:36,560 Speaker 1: what it can do. Now, just real quickly, about eighty 189 00:10:36,600 --> 00:10:40,679 Speaker 1: percent of all dollar transactions are already done digitally. We 190 00:10:40,800 --> 00:10:44,480 Speaker 1: already have a digital dollar, in my opinion, meaning we 191 00:10:44,600 --> 00:10:46,560 Speaker 1: use our debit cards, our credit cards, or Venmo or 192 00:10:46,559 --> 00:10:49,480 Speaker 1: PayPal or wire transfers, all of those things. It's already digital. 193 00:10:49,720 --> 00:10:52,079 Speaker 1: We don't really carry cash around or use cash anymore, 194 00:10:52,120 --> 00:10:53,839 Speaker 1: at least I don't. Some people still depend on a 195 00:10:53,880 --> 00:10:55,920 Speaker 1: lot of cash, and so we're already doing all our 196 00:10:55,960 --> 00:10:59,640 Speaker 1: transactions digitally. A CBDC is no different than the dollar 197 00:10:59,720 --> 00:11:02,480 Speaker 1: that we have now, meaning it's still a fiat currency, 198 00:11:02,520 --> 00:11:04,280 Speaker 1: meaning the government can still just create as much as 199 00:11:04,320 --> 00:11:07,520 Speaker 1: they want, and it's still move digitally, just like we 200 00:11:07,559 --> 00:11:10,760 Speaker 1: move our dollars digitally today. The reason why it's so 201 00:11:10,800 --> 00:11:14,560 Speaker 1: bad is because right now today the government can't really 202 00:11:15,720 --> 00:11:17,440 Speaker 1: they can track it. They can get all the data 203 00:11:17,440 --> 00:11:19,719 Speaker 1: from this, They can subpoena information from the credit card 204 00:11:19,760 --> 00:11:22,880 Speaker 1: companies and Venmo and things like that. But a CBDCs 205 00:11:22,960 --> 00:11:26,600 Speaker 1: central bank digital currency can be programmed, meaning they can 206 00:11:26,720 --> 00:11:29,120 Speaker 1: program the set of rules into the money before you 207 00:11:29,160 --> 00:11:31,520 Speaker 1: even get it. So, for example, they give you stimulus. 208 00:11:31,640 --> 00:11:33,560 Speaker 1: They want to spend the money to stimulate the economy. 209 00:11:33,960 --> 00:11:36,920 Speaker 1: So if you don't spend this money by Friday, you 210 00:11:37,000 --> 00:11:40,800 Speaker 1: lose the money. Like China with a social credit score system, 211 00:11:40,840 --> 00:11:43,200 Speaker 1: if you say mean things about the government, we take 212 00:11:43,240 --> 00:11:46,280 Speaker 1: some of your money. If you're not saving enough, we 213 00:11:46,400 --> 00:11:48,319 Speaker 1: give you positive interest rate. If you're saving too much, 214 00:11:48,360 --> 00:11:51,680 Speaker 1: if you're hoarding, we have a negative interest rate. You 215 00:11:51,760 --> 00:11:55,400 Speaker 1: can't you know, you've you've exceeded your meat allotment or 216 00:11:55,400 --> 00:11:58,120 Speaker 1: your carbon allotment, and so you cut. You can't buy 217 00:11:58,160 --> 00:12:00,920 Speaker 1: more meat, you can't buy more gasoline. You only get 218 00:12:00,960 --> 00:12:03,000 Speaker 1: two plane trips per year, so you can't buy more 219 00:12:03,000 --> 00:12:06,480 Speaker 1: plane trips, and so it's programmable in that way. Now, China, 220 00:12:06,679 --> 00:12:09,120 Speaker 1: of course, being a communist country, has already rolled hers out, 221 00:12:10,160 --> 00:12:12,240 Speaker 1: and other countries are trying to do the same. However, 222 00:12:12,480 --> 00:12:14,360 Speaker 1: in the United States, where it seems like it's a 223 00:12:14,440 --> 00:12:18,280 Speaker 1: foregone conclusion, and people in the United States already playing 224 00:12:18,280 --> 00:12:20,920 Speaker 1: the victim card, like, oh, what can we do, There's 225 00:12:20,960 --> 00:12:23,360 Speaker 1: nothing we can do. That's not true. As a matter 226 00:12:23,400 --> 00:12:26,760 Speaker 1: of fact, there's a lot of pushback. Lots of lawmakers 227 00:12:26,800 --> 00:12:29,800 Speaker 1: in the United States are pushing back against this. Been 228 00:12:30,040 --> 00:12:32,439 Speaker 1: lots of legislation that has been proposed, and one of 229 00:12:32,480 --> 00:12:35,840 Speaker 1: them came this week from good old Congressman Tom Emmer. 230 00:12:36,200 --> 00:12:39,200 Speaker 1: He's a Republican from Minnesota, and this guy is on it. 231 00:12:39,280 --> 00:12:41,440 Speaker 1: He has put a bunch of bills for it to 232 00:12:41,640 --> 00:12:45,040 Speaker 1: really stop this down and basically the bill would effectively 233 00:12:45,080 --> 00:12:48,520 Speaker 1: put an end to the debate over the creation of 234 00:12:48,559 --> 00:12:54,319 Speaker 1: a Federal Reserve issued CBDC. Now, the Federal Reserve can 235 00:12:54,760 --> 00:12:58,839 Speaker 1: control monetary policy, can control banking policy, but really it's 236 00:12:58,880 --> 00:13:02,520 Speaker 1: the Treasury the government that has the ability to make money. 237 00:13:02,920 --> 00:13:06,280 Speaker 1: So the Fed doesn't have the power to issue money. 238 00:13:06,600 --> 00:13:09,280 Speaker 1: And Congressman Tom Emma has introduced a bill that would 239 00:13:09,280 --> 00:13:13,400 Speaker 1: prohibit the Federal Reserve from actually issuing a CBDC directly 240 00:13:13,480 --> 00:13:19,400 Speaker 1: to anyone. The bills titled the CBDC Anti Surveillance State 241 00:13:19,640 --> 00:13:24,920 Speaker 1: Act and details that, except as specifically authorized under this Act, 242 00:13:25,200 --> 00:13:28,560 Speaker 1: a Federal Reserve Bank may not offer products or services 243 00:13:28,600 --> 00:13:32,240 Speaker 1: directly to an individual, or maintain an account on behalf 244 00:13:32,280 --> 00:13:35,680 Speaker 1: of that individual, or issue a central bank digital currency 245 00:13:35,920 --> 00:13:38,959 Speaker 1: to an individual. And it goes on further to say 246 00:13:39,040 --> 00:13:41,760 Speaker 1: that the Board of Governors of the Federal Reserve System 247 00:13:41,920 --> 00:13:45,640 Speaker 1: and the FMOC Committee may not use any central bank 248 00:13:45,679 --> 00:13:51,360 Speaker 1: digital currency to implement monetary policy. It's pretty good now, 249 00:13:51,679 --> 00:13:53,920 Speaker 1: he went on. He tweeted out saying that any digital 250 00:13:54,000 --> 00:13:57,719 Speaker 1: version of the dollar must uphold our American values of privacy, 251 00:13:58,440 --> 00:14:05,000 Speaker 1: individual sovereignty, and free market competitiveness. Anything less opens the 252 00:14:05,000 --> 00:14:09,120 Speaker 1: door to the development of a dangerous surveillance tool. So 253 00:14:09,160 --> 00:14:11,640 Speaker 1: he gets it. He gets it. So we still have 254 00:14:12,360 --> 00:14:15,600 Speaker 1: lots of good people in the government fighting the fight, 255 00:14:15,679 --> 00:14:18,400 Speaker 1: trying to uphold, as he said, American values of privacy, 256 00:14:18,640 --> 00:14:23,200 Speaker 1: individual sovereignty, and free market competitiveness. Now, there's been lots 257 00:14:23,200 --> 00:14:25,000 Speaker 1: of other representatives that are getting on board with this, 258 00:14:25,120 --> 00:14:29,560 Speaker 1: of course, mostly Republicans. Barry Loudermilk, who's Republican from Georgia, 259 00:14:29,600 --> 00:14:32,520 Speaker 1: released a statement saying that he was quote proud to 260 00:14:32,600 --> 00:14:37,040 Speaker 1: join forces with Rep. Emmer. We also have Rep. Andy Biggs, 261 00:14:37,040 --> 00:14:41,040 Speaker 1: a Republican from Arizona, on board, explaining that quote unelected 262 00:14:41,080 --> 00:14:45,000 Speaker 1: bureaucrats are driving us to an authoritarian state that can't happen, 263 00:14:45,360 --> 00:14:50,440 Speaker 1: and so it is not a foregone conclusion. CBDCs are 264 00:14:50,520 --> 00:14:52,920 Speaker 1: not here, and there's still a lot that we can 265 00:14:52,960 --> 00:14:55,760 Speaker 1: do to push back on them. One of them is 266 00:14:56,720 --> 00:14:58,800 Speaker 1: I know you don't want to hear this. It may 267 00:14:58,800 --> 00:15:00,800 Speaker 1: seem like a waste of your time, but you can 268 00:15:01,120 --> 00:15:05,680 Speaker 1: call or write your local lawmakers and tell them what 269 00:15:05,720 --> 00:15:08,880 Speaker 1: you think about this. Because they do care about getting reelected, 270 00:15:08,880 --> 00:15:10,840 Speaker 1: they should care what you have to say. And there's 271 00:15:10,880 --> 00:15:12,520 Speaker 1: lots of people doing a good job. Tell them they're 272 00:15:12,600 --> 00:15:14,720 Speaker 1: doing a good job. Tell them that they need to 273 00:15:14,720 --> 00:15:16,800 Speaker 1: get on board with this if that may be the 274 00:15:16,880 --> 00:15:20,840 Speaker 1: case now. Also other lawmakers pushing this forward is in Wyoming. 275 00:15:21,840 --> 00:15:26,720 Speaker 1: The Wyoming legislator passed a bill protecting bitcoin private keys 276 00:15:26,760 --> 00:15:30,560 Speaker 1: from courts. So with cryptocurrency, there's two keys. There's a 277 00:15:30,640 --> 00:15:32,640 Speaker 1: public key, which is like your public address, like your 278 00:15:32,640 --> 00:15:34,880 Speaker 1: bank account. I can give you my bank account right now. 279 00:15:34,960 --> 00:15:36,800 Speaker 1: You can go deposit money in my bank account. That's 280 00:15:36,800 --> 00:15:38,640 Speaker 1: my public address. It's like a locker. I give you 281 00:15:38,680 --> 00:15:40,800 Speaker 1: my locker riders you can go slip an envelope in there. 282 00:15:40,960 --> 00:15:42,840 Speaker 1: But then there's a private key that allows me to 283 00:15:42,960 --> 00:15:46,600 Speaker 1: open that locker and move the contents. And so Wyoming 284 00:15:46,680 --> 00:15:50,920 Speaker 1: legislator passed a bill protecting the private key from courts. 285 00:15:51,320 --> 00:15:52,840 Speaker 1: It says that the state of Wyoman has passed a 286 00:15:52,880 --> 00:15:56,640 Speaker 1: bill that protected citizens from having to disclose their private keys. 287 00:15:58,800 --> 00:16:01,000 Speaker 1: It just needs to be signed by the governor now, 288 00:16:01,120 --> 00:16:03,600 Speaker 1: so it's already been approved by the state Senate and 289 00:16:03,840 --> 00:16:06,880 Speaker 1: the House of Representatives, it's way to be signed by 290 00:16:06,920 --> 00:16:09,920 Speaker 1: the governor. So if you're in Wyoming, you should reach 291 00:16:09,920 --> 00:16:12,120 Speaker 1: out to the governor's office and leave them a bill. 292 00:16:12,440 --> 00:16:14,600 Speaker 1: But the bill states that no person should be compelled 293 00:16:14,640 --> 00:16:17,000 Speaker 1: to produce a private key or make a private key 294 00:16:17,080 --> 00:16:21,640 Speaker 1: known to any other person in any civil, criminal, administrative, legislature, 295 00:16:21,720 --> 00:16:23,880 Speaker 1: or other proceeding in the state that relates to a 296 00:16:23,920 --> 00:16:31,520 Speaker 1: digital asset. Pretty amazing. So, while most of the governments 297 00:16:31,520 --> 00:16:33,760 Speaker 1: of the world are continuing to try to get you 298 00:16:33,840 --> 00:16:37,000 Speaker 1: to give up all of your privacy, all of your 299 00:16:37,000 --> 00:16:41,480 Speaker 1: ability to have any private property control that in Europe, 300 00:16:41,680 --> 00:16:45,000 Speaker 1: the ECB and the EU Commission, they're trying to pass 301 00:16:45,080 --> 00:16:48,040 Speaker 1: legislation to make it where you can't have a private key, 302 00:16:48,080 --> 00:16:51,120 Speaker 1: where you can't hold your private property in a way 303 00:16:51,160 --> 00:16:54,280 Speaker 1: that keeps it safe. But here in Wyoming, they're trying 304 00:16:54,320 --> 00:16:57,560 Speaker 1: to pass a bill that says no government, no state, 305 00:16:57,640 --> 00:16:59,760 Speaker 1: no court could ever force you to give up your 306 00:16:59,760 --> 00:17:02,320 Speaker 1: private key. So you can see the difference that we 307 00:17:02,440 --> 00:17:04,919 Speaker 1: have here. And while I know a lot of you 308 00:17:04,960 --> 00:17:08,560 Speaker 1: feel that this is a it's a losing battle, that that, 309 00:17:08,880 --> 00:17:11,560 Speaker 1: like I said, we're all victims here, we're not. It's 310 00:17:11,640 --> 00:17:14,200 Speaker 1: not over yet. There's still a lot of people fighting 311 00:17:14,320 --> 00:17:18,040 Speaker 1: the good fight. A couple other things I saw this 312 00:17:18,080 --> 00:17:23,520 Speaker 1: week where we saw that Sam Bankman freed from FTX. 313 00:17:23,920 --> 00:17:29,160 Speaker 1: He got charged with making three hundred illegal political contributions 314 00:17:29,200 --> 00:17:33,960 Speaker 1: to the tune of tens of millions of dollars. Turns 315 00:17:33,960 --> 00:17:38,359 Speaker 1: out he got charged with conspiracy. So all your conspiracy theorists, 316 00:17:38,680 --> 00:17:40,840 Speaker 1: there's actually such a thing as conspiracy. As a matter 317 00:17:40,840 --> 00:17:43,320 Speaker 1: of fact, there is a law against it. And now 318 00:17:43,520 --> 00:17:46,160 Speaker 1: Sam Bankman, freed from FTX, has been charged with even 319 00:17:46,240 --> 00:17:51,080 Speaker 1: more counts of conspiracy for giving money illegally, twelve counts 320 00:17:51,080 --> 00:17:55,240 Speaker 1: of conspiracy to making three hundred political contributions. Will be 321 00:17:55,240 --> 00:17:58,320 Speaker 1: interesting to see if they pull those contributions back from 322 00:17:58,359 --> 00:18:01,040 Speaker 1: the bankruptcy court. I just tune in. You're listening to 323 00:18:01,080 --> 00:18:04,200 Speaker 1: the Mark Moss Show. We're talking about the decentralized Revolution. 324 00:18:04,240 --> 00:18:07,000 Speaker 1: Talking through some of the latest breaking news headlines this 325 00:18:07,040 --> 00:18:09,440 Speaker 1: week so you can understand how the world is changing. 326 00:18:09,880 --> 00:18:11,679 Speaker 1: Now I got a lot more to talk about on 327 00:18:11,720 --> 00:18:15,120 Speaker 1: a global stage, some big developments you do not want 328 00:18:15,119 --> 00:18:16,840 Speaker 1: to miss. Somebody be right back with that in a minute, 329 00:18:16,880 --> 00:18:21,720 Speaker 1: So don't go away. I'll be right back, all right, 330 00:18:21,720 --> 00:18:23,760 Speaker 1: Welcome back. If you just tune innywhere listening to the 331 00:18:23,840 --> 00:18:27,040 Speaker 1: Mark Moss Show. We talk about the decentralized revolution. Of course, 332 00:18:27,560 --> 00:18:29,639 Speaker 1: talking about how the world is changing, and we look 333 00:18:29,680 --> 00:18:33,200 Speaker 1: at it through the lens of politics, finance, and technology. 334 00:18:33,880 --> 00:18:36,399 Speaker 1: And we're running through some of the latest breaking news 335 00:18:36,440 --> 00:18:38,840 Speaker 1: headlines of the week. And one of the news headlines 336 00:18:38,840 --> 00:18:41,399 Speaker 1: that we've already been talking about, so it's been going on. 337 00:18:41,440 --> 00:18:44,560 Speaker 1: It's one of the biggest news stories is the trained 338 00:18:44,680 --> 00:18:48,800 Speaker 1: develment that happened in Ohio. Now I've talked about it before. 339 00:18:48,960 --> 00:18:50,919 Speaker 1: You know, there's a lot of information that continues to 340 00:18:50,920 --> 00:18:52,880 Speaker 1: come out. We're still trying to figure out what's going 341 00:18:52,920 --> 00:18:57,360 Speaker 1: on here. There's lots of wild speculation about what's going on, 342 00:18:58,119 --> 00:18:59,800 Speaker 1: and then we have some sort of facts. I think 343 00:18:59,800 --> 00:19:01,879 Speaker 1: it's important to understand. I think I think it was 344 00:19:02,160 --> 00:19:04,480 Speaker 1: last week I framed it up on the show talking 345 00:19:04,520 --> 00:19:07,960 Speaker 1: about how really I think a lot of what's going 346 00:19:08,000 --> 00:19:12,160 Speaker 1: on with train derailments, food processing plans blowing up, fuel 347 00:19:12,240 --> 00:19:16,479 Speaker 1: refineries blowing up, and things like that, the FAA, you know, 348 00:19:16,600 --> 00:19:18,960 Speaker 1: shutting down, planes not running on time, a lot of it. 349 00:19:19,960 --> 00:19:22,320 Speaker 1: You know, it's easy to go conspiratorial here and think 350 00:19:22,359 --> 00:19:25,359 Speaker 1: that you know, someone's out to sabotage everything. The government's 351 00:19:25,359 --> 00:19:28,240 Speaker 1: attacking us or teriffs are attacking it, which which is possible, 352 00:19:28,640 --> 00:19:31,000 Speaker 1: but it's also possible that a lot of it might 353 00:19:31,040 --> 00:19:36,600 Speaker 1: just come down to aging infrastructure. And as I was 354 00:19:36,720 --> 00:19:40,720 Speaker 1: framing up the age of incompetence, and so we're now 355 00:19:40,760 --> 00:19:45,640 Speaker 1: at a point where I reported last week people in Baltimore, 356 00:19:45,840 --> 00:19:48,200 Speaker 1: I think twenty six schools nobody could pass math. In 357 00:19:48,680 --> 00:19:51,200 Speaker 1: Chicago fifty five schools, not one single person could pass 358 00:19:51,240 --> 00:19:54,119 Speaker 1: math or reading in a lot of these schools. Today 359 00:19:54,400 --> 00:19:58,560 Speaker 1: they're at m I saw another report that there really 360 00:19:58,600 --> 00:20:02,600 Speaker 1: have been no increase in education since the third grade. 361 00:20:03,000 --> 00:20:04,600 Speaker 1: And so we're at this point where we have this 362 00:20:04,680 --> 00:20:06,800 Speaker 1: age of incompetence, where people are able to pass high 363 00:20:06,800 --> 00:20:08,880 Speaker 1: school without being able to read it write, And we're 364 00:20:08,920 --> 00:20:13,120 Speaker 1: no longer advancing people based off of merit. We're now 365 00:20:13,200 --> 00:20:16,720 Speaker 1: advancing people based off of identity, which obviously is a problem. 366 00:20:16,840 --> 00:20:20,320 Speaker 1: Sho always be the best person for the job. And 367 00:20:20,320 --> 00:20:23,080 Speaker 1: then on top of that, we're also forcing people to 368 00:20:23,119 --> 00:20:25,840 Speaker 1: work in areas where maybe they shouldn't work. And so 369 00:20:26,359 --> 00:20:28,920 Speaker 1: if I really really really want to get this position, 370 00:20:30,040 --> 00:20:34,000 Speaker 1: like I heard from pilots for example, and so you know, 371 00:20:34,000 --> 00:20:35,680 Speaker 1: people used to dream of growing up one day and 372 00:20:35,680 --> 00:20:38,040 Speaker 1: to being a pilot, but now because of affirmative action 373 00:20:38,040 --> 00:20:41,280 Speaker 1: and other identity politics. We're pushing people to become pilots 374 00:20:41,280 --> 00:20:44,160 Speaker 1: who don't really want to be, and so that's going 375 00:20:44,200 --> 00:20:47,320 Speaker 1: to lead to mistakes and job fatigue and problems. So 376 00:20:47,440 --> 00:20:49,119 Speaker 1: there's a lot of that, but really I'll chalk up 377 00:20:49,119 --> 00:20:52,320 Speaker 1: to the age of incompetence. But going back to this 378 00:20:52,920 --> 00:20:54,920 Speaker 1: the New York Times, which again you should always be 379 00:20:55,040 --> 00:20:57,320 Speaker 1: very suspect of anything The New York Times the Washington 380 00:20:57,359 --> 00:21:00,400 Speaker 1: Post puts out because they're going to be very, very 381 00:21:00,560 --> 00:21:03,320 Speaker 1: very leaning to one side of the aisland, and you 382 00:21:03,320 --> 00:21:05,919 Speaker 1: should also be very weary, or not weary, but at 383 00:21:05,960 --> 00:21:08,879 Speaker 1: least think critically about information you get from information on 384 00:21:08,880 --> 00:21:11,560 Speaker 1: the other side. I remember always trying to separate the 385 00:21:11,600 --> 00:21:13,720 Speaker 1: fact from opinion. But the New York Times put out 386 00:21:13,720 --> 00:21:16,679 Speaker 1: this piece talking about how the Ohio train is it 387 00:21:16,800 --> 00:21:19,320 Speaker 1: really a Chernobyl two point zero? You know, they're talking 388 00:21:19,320 --> 00:21:25,880 Speaker 1: about how influencers across the political spectrum have basically overblown 389 00:21:26,680 --> 00:21:29,280 Speaker 1: how bad this could be. Now, we do know there 390 00:21:29,359 --> 00:21:32,040 Speaker 1: was a controlled burn of toxic materials. We do know 391 00:21:32,119 --> 00:21:35,000 Speaker 1: that filled the air. We do see the pictures that 392 00:21:35,160 --> 00:21:39,439 Speaker 1: is like this giant plume of black smoke. We do 393 00:21:39,560 --> 00:21:43,440 Speaker 1: know that it's spread to Canada and New York. So 394 00:21:43,880 --> 00:21:48,439 Speaker 1: those are fitter facts, right. We do know that water 395 00:21:48,560 --> 00:21:51,359 Speaker 1: and soil got covered with those chemicals. We do know 396 00:21:51,480 --> 00:21:54,080 Speaker 1: that lots of animals and fish have died, So we 397 00:21:54,080 --> 00:21:58,440 Speaker 1: do know that that's all fact. Now how bad is it, Well, 398 00:21:58,520 --> 00:22:00,960 Speaker 1: that's where we have to kind of go to some speculation. 399 00:22:01,280 --> 00:22:04,320 Speaker 1: We do know the facts, we won't know a lot 400 00:22:04,320 --> 00:22:06,200 Speaker 1: of the fact of how bad it is until later. 401 00:22:06,400 --> 00:22:08,000 Speaker 1: But what the New York Times is saying is, of 402 00:22:08,000 --> 00:22:15,679 Speaker 1: course right wing commentators have been particularly critical. Right wing again, 403 00:22:15,800 --> 00:22:17,960 Speaker 1: what's up with the labels? Some people? How about? How 404 00:22:17,960 --> 00:22:21,119 Speaker 1: about some people been critical? They've been critical, using the 405 00:22:21,160 --> 00:22:25,679 Speaker 1: crisis to sow distrust about government agencies and suggest that 406 00:22:25,680 --> 00:22:28,120 Speaker 1: the damage could be reparable. I would like to say 407 00:22:28,160 --> 00:22:31,400 Speaker 1: that right wing commentators are not using this to sow 408 00:22:31,440 --> 00:22:34,040 Speaker 1: distrust about the government. I would say the government sows 409 00:22:34,080 --> 00:22:38,359 Speaker 1: its own distrust. So when the government continually lies to 410 00:22:38,680 --> 00:22:43,840 Speaker 1: you us, when the government continually censors and silences people 411 00:22:44,200 --> 00:22:47,280 Speaker 1: that want to have information on another side of the aisle, 412 00:22:47,600 --> 00:22:52,400 Speaker 1: when the government stops all open and honest dialogue and debate, 413 00:22:52,920 --> 00:22:56,399 Speaker 1: that's what sows distrust. I've used the example many times. 414 00:22:56,480 --> 00:22:58,320 Speaker 1: If I was laying in bed late at night on 415 00:22:58,600 --> 00:23:00,719 Speaker 1: texting somebody, and my wife looks over and says, hey, 416 00:23:00,720 --> 00:23:03,320 Speaker 1: who are you texting? And I was like, oh, nobody, no, nobody, 417 00:23:03,320 --> 00:23:06,400 Speaker 1: don't worry about it. Like she would start to have 418 00:23:07,160 --> 00:23:11,000 Speaker 1: seeds of distrust. Who's he talking about? Who's he talking to? 419 00:23:11,080 --> 00:23:14,000 Speaker 1: What's going on? Where? If I just gave transparency and 420 00:23:14,040 --> 00:23:15,520 Speaker 1: I said, oh, it's my mom. She wants to plan 421 00:23:15,560 --> 00:23:18,680 Speaker 1: a birthday this weekend, she'd like, oh, okay, great. And 422 00:23:18,760 --> 00:23:23,719 Speaker 1: so the way that you defeat the seeds of distrust 423 00:23:23,960 --> 00:23:28,479 Speaker 1: is by being transparent, by being truthful, by not lying 424 00:23:28,720 --> 00:23:31,720 Speaker 1: over and over and over, by admitting when you've made 425 00:23:31,760 --> 00:23:35,680 Speaker 1: a mistake. That's how you prevent seeds of distrust. It's 426 00:23:35,680 --> 00:23:37,879 Speaker 1: not right when commentators that are doing that. It's the 427 00:23:37,920 --> 00:23:41,000 Speaker 1: fact that we've been continually lied to. Now, we do 428 00:23:41,119 --> 00:23:46,200 Speaker 1: know that the EPA, Environmental Protecting Agency and state officials 429 00:23:46,240 --> 00:23:49,679 Speaker 1: have acknowledged the situation is disastrous in many ways. We 430 00:23:49,720 --> 00:23:52,840 Speaker 1: do know that we do know that the air quality 431 00:23:53,040 --> 00:23:55,760 Speaker 1: was not safe at some point. The EPA says it 432 00:23:55,800 --> 00:23:59,440 Speaker 1: is safe from now. But the problem is, like I said, 433 00:23:59,480 --> 00:24:02,400 Speaker 1: they're the ones that have sowed the seeds of distrust. 434 00:24:02,920 --> 00:24:05,439 Speaker 1: Now we can see that people that live in the 435 00:24:05,440 --> 00:24:08,200 Speaker 1: area are saying that they're getting rashes, they're getting headaches, 436 00:24:08,359 --> 00:24:10,960 Speaker 1: they're getting other symptoms that could be tied to that. 437 00:24:12,359 --> 00:24:14,200 Speaker 1: They've you know, some of them have returned to their 438 00:24:14,240 --> 00:24:17,480 Speaker 1: homes and now they're seeing these these types of things. 439 00:24:17,800 --> 00:24:21,240 Speaker 1: And so this is true, and we do know that 440 00:24:21,520 --> 00:24:24,360 Speaker 1: people should be taking this their their health way more 441 00:24:24,440 --> 00:24:27,200 Speaker 1: seriously than most people have. And so if I live 442 00:24:27,240 --> 00:24:30,080 Speaker 1: in an area, I maybe wouldn't want to move back home. 443 00:24:30,359 --> 00:24:34,400 Speaker 1: We also do know that other places like Cincinnati, for example, 444 00:24:34,680 --> 00:24:37,360 Speaker 1: has cut off its drinking water from the Ohio River 445 00:24:37,760 --> 00:24:42,399 Speaker 1: because of the trained development and the contamination. Now they 446 00:24:42,760 --> 00:24:45,359 Speaker 1: believe it says quote believe that low levels of beautile 447 00:24:45,680 --> 00:24:48,200 Speaker 1: accrelate seeped into the Ohio River through a small creek 448 00:24:48,200 --> 00:24:51,400 Speaker 1: about three hundred miles north of Cincinnati, and so they 449 00:24:51,480 --> 00:24:56,000 Speaker 1: have shut off water. Now, again, are we overblowing this, 450 00:24:56,160 --> 00:24:58,760 Speaker 1: We don't know. But if a town has literally cut 451 00:24:58,800 --> 00:25:01,720 Speaker 1: off their water because as they're afraid of this, well 452 00:25:01,760 --> 00:25:03,480 Speaker 1: I don't know if we're overblowing that, that's a pretty 453 00:25:03,480 --> 00:25:05,920 Speaker 1: big deal. Since then IAI's drinking water will be will 454 00:25:06,119 --> 00:25:08,919 Speaker 1: water intake will will be closed sometime before the contamination 455 00:25:09,000 --> 00:25:11,560 Speaker 1: is expected to reach the area of the river area. 456 00:25:11,600 --> 00:25:14,280 Speaker 1: So we do know that they're expecting to travel down 457 00:25:14,359 --> 00:25:17,880 Speaker 1: the river and they are going to shut that off. Now, 458 00:25:18,640 --> 00:25:20,479 Speaker 1: one thing I did learn, and so let me just 459 00:25:20,880 --> 00:25:24,800 Speaker 1: give you another perspective that maybe the right wing whoever 460 00:25:24,840 --> 00:25:27,959 Speaker 1: these right wing influences and commodators are. One thing I 461 00:25:28,000 --> 00:25:31,280 Speaker 1: looked up is that you know, while this train accident 462 00:25:31,400 --> 00:25:36,320 Speaker 1: appears to be very, very bad, I didn't know, but 463 00:25:36,359 --> 00:25:38,800 Speaker 1: I'm aware of now that we have lots of train 464 00:25:38,840 --> 00:25:40,960 Speaker 1: developments every day in the United States. As a matter 465 00:25:40,960 --> 00:25:45,400 Speaker 1: of fact, we averaged three trained deveilments a day a day. 466 00:25:45,680 --> 00:25:47,840 Speaker 1: And so when you hear about, oh my gosh, why 467 00:25:47,880 --> 00:25:50,400 Speaker 1: is there no one talking about this, well, there's three 468 00:25:50,440 --> 00:25:52,280 Speaker 1: a day. Are they talking about three a day? So 469 00:25:52,280 --> 00:25:54,480 Speaker 1: then I have to ask myself, well, is it because 470 00:25:54,480 --> 00:25:56,520 Speaker 1: of social media we just hear about it more often? 471 00:25:58,000 --> 00:26:01,320 Speaker 1: Obviously we have trained, trained romans. Or is it that 472 00:26:01,720 --> 00:26:04,360 Speaker 1: we're having more trained romans that are really bad? And 473 00:26:04,440 --> 00:26:06,560 Speaker 1: to answer that question, I saw this report that says 474 00:26:06,640 --> 00:26:11,800 Speaker 1: kinetic attacks on US power grids spiked seventy one percent 475 00:26:12,080 --> 00:26:14,560 Speaker 1: in twenty twenty two. So what we're seeing is we 476 00:26:14,600 --> 00:26:17,960 Speaker 1: are having fires and refineries, we are having trains derailed, 477 00:26:18,200 --> 00:26:20,760 Speaker 1: We are having those things. But those types of things 478 00:26:20,800 --> 00:26:24,400 Speaker 1: happened quite often. But are we having more trained incidents 479 00:26:24,400 --> 00:26:28,280 Speaker 1: that have strategic or really bad stuff like we saw 480 00:26:28,320 --> 00:26:31,680 Speaker 1: another one overturned with coal? So are we seeing more 481 00:26:31,720 --> 00:26:35,720 Speaker 1: strategic stuff happening? And according to this that seems to 482 00:26:35,800 --> 00:26:39,840 Speaker 1: be the case. There's been US power grid attacks have 483 00:26:39,960 --> 00:26:44,440 Speaker 1: spiked almost doubled in the previous year. Duke Energy of 484 00:26:44,480 --> 00:26:49,000 Speaker 1: Florida experienced several substation intrusion events in September, sabotaging equipment 485 00:26:49,000 --> 00:26:52,680 Speaker 1: that resulted in a nine minute long outage. Central organ 486 00:26:52,800 --> 00:26:56,600 Speaker 1: Daily said one of their substations was attacked on November 487 00:26:56,600 --> 00:27:00,960 Speaker 1: twenty fourth. In December, vandals attacks ups in More County, 488 00:27:01,000 --> 00:27:05,240 Speaker 1: North Carolina with gunfire, leaving forty five thousand people without power. 489 00:27:05,800 --> 00:27:09,760 Speaker 1: Four substations in Washington were attacked on Christmas Day. Seventeen 490 00:27:09,800 --> 00:27:14,080 Speaker 1: thousand people lost power. Earlier this month, a Florida man 491 00:27:14,600 --> 00:27:16,760 Speaker 1: in a Maryland woman we're charged the conspiracy to attack 492 00:27:16,760 --> 00:27:20,280 Speaker 1: a Maryland power grid. There are at least one hundred 493 00:27:20,280 --> 00:27:22,240 Speaker 1: and eight human related events were reported during the first 494 00:27:22,240 --> 00:27:25,320 Speaker 1: eight months of twenty twenty two, and so we can 495 00:27:25,359 --> 00:27:28,760 Speaker 1: see that it does seem that there are attacks happening 496 00:27:28,840 --> 00:27:32,280 Speaker 1: this and so we do need to be aware of this, 497 00:27:32,840 --> 00:27:35,920 Speaker 1: and we should be able to trust our government with more. 498 00:27:36,080 --> 00:27:37,560 Speaker 1: If you're just tuning in, you're listening to the Mark 499 00:27:37,640 --> 00:27:40,040 Speaker 1: Moa Show talking about some of the latest breaking news 500 00:27:40,040 --> 00:27:44,040 Speaker 1: headlines that happened this week in regards to the decentralized Revolution. 501 00:27:44,160 --> 00:27:45,960 Speaker 1: I got more stories to run through that you don't 502 00:27:46,000 --> 00:27:47,639 Speaker 1: want to miss, So I'm gonna be back with more 503 00:27:47,640 --> 00:27:49,760 Speaker 1: in a minute. Don't go away, I'm gonna be right back. 504 00:27:52,560 --> 00:27:54,119 Speaker 1: All right, welcome back. If you just tune in, you 505 00:27:54,160 --> 00:27:56,879 Speaker 1: were listening to the Mark Moa Show talking about, of course, 506 00:27:57,000 --> 00:28:00,640 Speaker 1: the decentralized Revolution looking at through the lens of politics, finance, 507 00:28:00,720 --> 00:28:03,240 Speaker 1: and technology, and we're running through some of the latest 508 00:28:03,320 --> 00:28:06,840 Speaker 1: breaking news of this week. Now I discovered a story before. 509 00:28:06,920 --> 00:28:08,960 Speaker 1: If you just tune and you missed it, but don't worry, 510 00:28:09,000 --> 00:28:12,240 Speaker 1: you can catch me on the podcast on demand to 511 00:28:12,320 --> 00:28:14,520 Speaker 1: search The Mark Moss Show and your favorite podcast player, 512 00:28:14,640 --> 00:28:18,400 Speaker 1: or the Market Disruptors YouTube channel to search Market Disruptors 513 00:28:18,400 --> 00:28:21,560 Speaker 1: on YouTube. Now, I was talking about the train that 514 00:28:21,640 --> 00:28:25,240 Speaker 1: derailed in Ohio and of course that's not late breaking news, 515 00:28:25,280 --> 00:28:26,919 Speaker 1: but we're talking about the development of that. And I 516 00:28:26,960 --> 00:28:29,400 Speaker 1: also want to talk about another big story that continues 517 00:28:29,400 --> 00:28:33,159 Speaker 1: to be developed, and that is this Chinese spy balloons. 518 00:28:33,720 --> 00:28:36,600 Speaker 1: Now I've talked about this already, like I said before, 519 00:28:37,080 --> 00:28:39,000 Speaker 1: so it's not breaking news, but I wanted to talk 520 00:28:39,040 --> 00:28:42,240 Speaker 1: about it because we have more information coming in now. 521 00:28:42,680 --> 00:28:47,520 Speaker 1: There's a lot of fear mongering and more mongering going 522 00:28:47,560 --> 00:28:49,880 Speaker 1: on regarding the balloon I had talked about before, and 523 00:28:49,880 --> 00:28:52,320 Speaker 1: I kind of posed the question before, why do they 524 00:28:52,440 --> 00:28:55,520 Speaker 1: want us talking about the balloon? Like what is going 525 00:28:55,600 --> 00:28:58,240 Speaker 1: on there? What's this intention? What are they trying to 526 00:28:58,280 --> 00:29:00,720 Speaker 1: get from us? And so if we if we look 527 00:29:00,760 --> 00:29:02,840 Speaker 1: in this a little bit further, maybe this helps us 528 00:29:02,880 --> 00:29:05,240 Speaker 1: answer that question, which will come back to you. But 529 00:29:05,360 --> 00:29:08,840 Speaker 1: what it looks like is that there were four balloons 530 00:29:08,920 --> 00:29:13,080 Speaker 1: that were shot down, and the first one appears to 531 00:29:13,120 --> 00:29:16,280 Speaker 1: be a Chinese balloon. And we know that the balloon 532 00:29:16,920 --> 00:29:20,960 Speaker 1: supposedly lingered over, you know, or flew over a couple 533 00:29:21,000 --> 00:29:25,040 Speaker 1: of Air force bases. It flew over our air Force 534 00:29:25,040 --> 00:29:30,080 Speaker 1: bases that had our intercontinental ballistic missiles. It also passed 535 00:29:30,120 --> 00:29:34,720 Speaker 1: by some nuclear capable bomber fleets things like that, and 536 00:29:35,080 --> 00:29:38,680 Speaker 1: they say that this path suggests that China's gathering intelligence 537 00:29:39,080 --> 00:29:41,960 Speaker 1: for either maybe a first or second strike of America's 538 00:29:42,040 --> 00:29:45,280 Speaker 1: nuclear weapons. We can also see that, so maybe they're 539 00:29:45,320 --> 00:29:48,480 Speaker 1: trying to spy on us, but is that really what 540 00:29:48,520 --> 00:29:51,000 Speaker 1: they're doing. So we can see that now they're saying 541 00:29:51,040 --> 00:29:54,440 Speaker 1: that the spy balloon is now beginning of a nuclear 542 00:29:54,520 --> 00:29:59,560 Speaker 1: fear campaign from China. So they're saying that maybe they're 543 00:29:59,600 --> 00:30:01,480 Speaker 1: trying to scare us that there's going to be this 544 00:30:01,760 --> 00:30:05,000 Speaker 1: nuclear attack and they can you know, now they have 545 00:30:05,120 --> 00:30:09,000 Speaker 1: access to all this information. Now we need to you know, 546 00:30:09,040 --> 00:30:11,720 Speaker 1: be prepared to go to war with China and things 547 00:30:11,760 --> 00:30:15,480 Speaker 1: like that. But if we look at there's a there's 548 00:30:15,480 --> 00:30:19,400 Speaker 1: some other stuff that shows that maybe that first balloon 549 00:30:19,560 --> 00:30:23,880 Speaker 1: was China's, maybe it was a weather balloon, maybe it 550 00:30:24,000 --> 00:30:27,560 Speaker 1: was a spy balloon, but the other three that were 551 00:30:27,560 --> 00:30:29,880 Speaker 1: shot down were not. And as a matter of fact, 552 00:30:30,240 --> 00:30:32,880 Speaker 1: the other three that were shot down appeared to not 553 00:30:33,040 --> 00:30:36,520 Speaker 1: be Chinese and might have even been from the United 554 00:30:36,520 --> 00:30:40,520 Speaker 1: States itself, and they were just weather balloons. Edward Snowden, 555 00:30:40,840 --> 00:30:43,720 Speaker 1: who is the you know, kind of infamous whistle blower 556 00:30:43,880 --> 00:30:47,520 Speaker 1: NSA whistleblower. He says, the hysteria over these balloons being 557 00:30:47,560 --> 00:30:52,880 Speaker 1: shot down over America and Canada is a distraction from 558 00:30:52,960 --> 00:30:55,800 Speaker 1: the story that Seymour or Hirsch broke about the US 559 00:30:55,880 --> 00:30:59,640 Speaker 1: being responsible for blowing up the nord Stream pipeline. So again, 560 00:31:00,120 --> 00:31:02,840 Speaker 1: why do they want us focusing on these balloons? One 561 00:31:02,880 --> 00:31:04,680 Speaker 1: of them might have been a Chinese balloon, maybe it 562 00:31:04,760 --> 00:31:06,400 Speaker 1: was a spy balloon, maybe it was a weather balloon. 563 00:31:06,480 --> 00:31:08,640 Speaker 1: We know the other three most likely weren't, and they 564 00:31:08,720 --> 00:31:12,800 Speaker 1: might have even been American weather balloons. So why do 565 00:31:12,880 --> 00:31:15,080 Speaker 1: they want us focused on that? And so it's sort 566 00:31:15,120 --> 00:31:16,960 Speaker 1: of like this magic trick, you know, slide of hand, 567 00:31:16,960 --> 00:31:19,080 Speaker 1: look over here while we do something over there. And 568 00:31:19,120 --> 00:31:22,080 Speaker 1: so what was going on that they don't want us 569 00:31:22,080 --> 00:31:26,720 Speaker 1: to look at? That's one question to ask, you know. 570 00:31:26,720 --> 00:31:30,320 Speaker 1: Bloomberg reported the US government has assessed that three unidentified 571 00:31:30,320 --> 00:31:33,720 Speaker 1: objects down since last Friday were likely for commercial use 572 00:31:34,200 --> 00:31:38,560 Speaker 1: and not foreign intelligence gathering. Now, as best as I 573 00:31:38,600 --> 00:31:41,720 Speaker 1: can tell through the research that I've done trying to 574 00:31:41,760 --> 00:31:46,120 Speaker 1: make sense of this situation, China has over three hundred 575 00:31:46,200 --> 00:31:50,960 Speaker 1: satellites in orbit, and with those satellites, they could read 576 00:31:51,000 --> 00:31:56,880 Speaker 1: the text on a gravestone, they can listen to conversations. 577 00:31:56,920 --> 00:31:59,920 Speaker 1: They might be listening to me recording this conversation right now. 578 00:32:00,320 --> 00:32:02,760 Speaker 1: And so if they have three hundred satellites, they're already 579 00:32:02,800 --> 00:32:06,800 Speaker 1: capable of reading text on a tombstone and listening to conversations. 580 00:32:07,360 --> 00:32:11,719 Speaker 1: Why do they need to fly a weather balloon? Hm, 581 00:32:12,320 --> 00:32:17,000 Speaker 1: that'd be a good question. Why would they need to 582 00:32:17,120 --> 00:32:19,800 Speaker 1: use a weather balloon if they already have everything they 583 00:32:19,840 --> 00:32:22,400 Speaker 1: need now? There could be maybe it was a test run. 584 00:32:22,440 --> 00:32:24,440 Speaker 1: Maybe they want to try to put you know, some 585 00:32:24,440 --> 00:32:26,600 Speaker 1: sort of like an EMP into a weather balloon and 586 00:32:26,680 --> 00:32:29,560 Speaker 1: detonated or you know, some some chemicals and detonate and 587 00:32:29,600 --> 00:32:31,600 Speaker 1: let it let it rain down across. I mean, maybe, 588 00:32:31,720 --> 00:32:33,800 Speaker 1: maybe maybe that's the case. I don't know the answer, 589 00:32:34,200 --> 00:32:36,760 Speaker 1: But what I do think about is why does the 590 00:32:36,960 --> 00:32:40,600 Speaker 1: government all want us thinking about this balloon? So, like 591 00:32:40,680 --> 00:32:44,600 Speaker 1: I said, Edward Snowden says, maybe to cover up for 592 00:32:44,640 --> 00:32:47,440 Speaker 1: the story that said that US is responsible for the 593 00:32:47,480 --> 00:32:49,480 Speaker 1: North Stream pipeline. As a matter of fact, there's more 594 00:32:49,520 --> 00:32:52,800 Speaker 1: information coming out. I saw a story today saying that 595 00:32:53,600 --> 00:32:57,080 Speaker 1: I believe it was this Swedeen released report that basically 596 00:32:57,080 --> 00:32:59,160 Speaker 1: says that they've kind of come to the same conclusion 597 00:32:59,200 --> 00:33:03,080 Speaker 1: as well. Of course, anybody with a critical rational mind 598 00:33:03,160 --> 00:33:07,720 Speaker 1: might draw that conclusion themselves as well. So maybe that 599 00:33:07,800 --> 00:33:11,840 Speaker 1: was it, or maybe it's because they want us thinking 600 00:33:11,880 --> 00:33:15,000 Speaker 1: that China is spying on us, that China is trying 601 00:33:15,040 --> 00:33:17,880 Speaker 1: to attack us, or get ready for an attack, so 602 00:33:17,920 --> 00:33:21,240 Speaker 1: that they can get the people or the American people 603 00:33:22,120 --> 00:33:25,800 Speaker 1: sentiment to shift towards China not like China, and so 604 00:33:25,840 --> 00:33:29,400 Speaker 1: that the government, the US government could then get ready 605 00:33:29,480 --> 00:33:33,360 Speaker 1: for a war with China, could use that to sanction 606 00:33:33,440 --> 00:33:36,280 Speaker 1: more against China. So, for example, we saw more sanctions 607 00:33:36,600 --> 00:33:41,000 Speaker 1: going through today or this week that could potentially limit 608 00:33:41,200 --> 00:33:45,240 Speaker 1: all investments into China. And so if you're invested into China, 609 00:33:45,280 --> 00:33:47,160 Speaker 1: you may have trouble getting your money back out. If 610 00:33:47,160 --> 00:33:48,680 Speaker 1: you have money in China, I'd probably be pulling that 611 00:33:48,680 --> 00:33:51,840 Speaker 1: money out of China. But it also in retaliation. Now 612 00:33:51,960 --> 00:33:55,840 Speaker 1: China is now sort of financially attacking the United States, 613 00:33:56,000 --> 00:33:59,160 Speaker 1: and so now they're saying no Chinese corporations can use 614 00:33:59,360 --> 00:34:03,080 Speaker 1: the Big four accounting firms anymore, which could be billions 615 00:34:03,120 --> 00:34:06,360 Speaker 1: of dollars of economic loss. And so maybe they're trying 616 00:34:06,400 --> 00:34:09,600 Speaker 1: to get the American sentiment behind this. So we can 617 00:34:09,640 --> 00:34:13,080 Speaker 1: get behind that. We don't know. But the question is, 618 00:34:13,440 --> 00:34:15,600 Speaker 1: why are we shooting down our own balloons? Why are 619 00:34:15,600 --> 00:34:18,279 Speaker 1: we making this big deal about this now? Why are 620 00:34:18,280 --> 00:34:20,520 Speaker 1: we making a big deal about one balloon when they 621 00:34:20,560 --> 00:34:22,560 Speaker 1: have the satellites to already see everything. Why are we 622 00:34:22,560 --> 00:34:24,840 Speaker 1: making a big deal about one balloon when they have 623 00:34:25,160 --> 00:34:29,919 Speaker 1: bought up all our farmland, when they've bought land next 624 00:34:29,920 --> 00:34:34,640 Speaker 1: to our strategic military bases, when they continue to flood 625 00:34:34,640 --> 00:34:39,239 Speaker 1: our borders with fentnol, which is a mass casualty attack, Like, 626 00:34:39,440 --> 00:34:41,719 Speaker 1: why are we worried? Why are we not worried about that? 627 00:34:42,000 --> 00:34:44,520 Speaker 1: But now all of a sudden, we want to be 628 00:34:44,680 --> 00:34:49,640 Speaker 1: worried about a balloon. It's an interesting point to make. 629 00:34:49,680 --> 00:34:51,560 Speaker 1: And again, we need to be where they want us 630 00:34:51,560 --> 00:34:53,720 Speaker 1: to be geared up for this war with China, because 631 00:34:53,800 --> 00:34:57,160 Speaker 1: China is actively attacking the United States. As a matter 632 00:34:57,160 --> 00:35:00,480 Speaker 1: of fact, they're attacking us from many ways in including 633 00:35:00,680 --> 00:35:03,440 Speaker 1: with the dollar. And so what we can see is 634 00:35:03,440 --> 00:35:06,800 Speaker 1: that China has gone around trying to crush the dollars 635 00:35:06,840 --> 00:35:11,480 Speaker 1: demand they're now using their yuan in trade with Iraq. 636 00:35:12,360 --> 00:35:14,439 Speaker 1: The Iraqi Central Bank announced Wednesday that for the first 637 00:35:14,440 --> 00:35:16,400 Speaker 1: time it plans to allow trade with China to be 638 00:35:16,440 --> 00:35:20,239 Speaker 1: settled directly in yuan instead of the US dollar. M 639 00:35:21,280 --> 00:35:24,319 Speaker 1: we know that Chinese currency would boost the balances of 640 00:35:24,320 --> 00:35:29,920 Speaker 1: Iraqi banks with accounts with Chinese banks. We see that 641 00:35:30,239 --> 00:35:33,880 Speaker 1: China has also done this with Iran, They've done it 642 00:35:33,920 --> 00:35:37,120 Speaker 1: with India, they're doing it with Russia, and so we 643 00:35:37,160 --> 00:35:40,240 Speaker 1: can see that now Russia has now has now basically 644 00:35:40,280 --> 00:35:43,840 Speaker 1: moved their foreign reserves to the yuan. I believe seventeen 645 00:35:43,880 --> 00:35:46,200 Speaker 1: percent of their central bank holdings are now in yuan, 646 00:35:47,680 --> 00:35:50,640 Speaker 1: and so we can see that there's this attack that's happening, 647 00:35:50,840 --> 00:35:54,400 Speaker 1: and it's coming from all sides. They've gone around and 648 00:35:54,480 --> 00:35:59,319 Speaker 1: made long term strategic buys on all the core commodities, 649 00:35:59,480 --> 00:36:02,280 Speaker 1: so they've been locked up natural gas and long term contracts, 650 00:36:02,320 --> 00:36:07,279 Speaker 1: oil and long term contracts, minerals, metals and long term 651 00:36:07,320 --> 00:36:13,640 Speaker 1: contracts gold, nickel, palladium, etc. And they're basically taking all 652 00:36:13,680 --> 00:36:16,200 Speaker 1: of this off of the market, cornering the market, if 653 00:36:16,239 --> 00:36:18,879 Speaker 1: you will, and then working with these countries to take 654 00:36:19,120 --> 00:36:23,160 Speaker 1: oil and stuff in yuan and then starting to switch 655 00:36:23,280 --> 00:36:26,920 Speaker 1: all these other currencies or governments of the world to 656 00:36:27,200 --> 00:36:30,160 Speaker 1: move into a digital yuan, or not a digital but 657 00:36:30,239 --> 00:36:34,680 Speaker 1: into a Juan denominated system. Now what comes next is 658 00:36:34,719 --> 00:36:38,200 Speaker 1: a digital Yuan system or CBDC system that then could 659 00:36:38,239 --> 00:36:43,920 Speaker 1: bypass the entire FED banking, fedwire and swift monetary system 660 00:36:43,960 --> 00:36:47,320 Speaker 1: the dollar. The dollar at its core is a payment network, 661 00:36:47,440 --> 00:36:49,440 Speaker 1: and they can set up their own payment network. And 662 00:36:49,440 --> 00:36:52,759 Speaker 1: so maybe, just maybe all of this stuff about the 663 00:36:52,800 --> 00:36:55,680 Speaker 1: balloon is a big distraction to get not a distraction, 664 00:36:55,719 --> 00:36:58,920 Speaker 1: but is used to get our sentiment to ready be 665 00:36:59,000 --> 00:37:00,879 Speaker 1: ready to go to war with But that's just maybe 666 00:37:01,160 --> 00:37:02,719 Speaker 1: my own assumption. I'd love to hear what you have 667 00:37:02,760 --> 00:37:04,719 Speaker 1: to say. Hit me up on social media at one 668 00:37:04,840 --> 00:37:06,839 Speaker 1: Mark Moss. If you just tuned in, you're listening to 669 00:37:06,880 --> 00:37:08,760 Speaker 1: the Mark Moss Show running through some of the latest 670 00:37:08,800 --> 00:37:12,880 Speaker 1: breaking news headlines this week for the decentralized revolution. And 671 00:37:12,880 --> 00:37:15,800 Speaker 1: that's what we got. Thanks so much for listening. Until 672 00:37:15,880 --> 00:37:16,239 Speaker 1: next time,