1 00:00:00,120 --> 00:00:02,840 Speaker 1: Hello, and welcome to another episode of The Mark Moss Show, 2 00:00:02,840 --> 00:00:04,520 Speaker 1: where of course we talk about each and every week 3 00:00:04,720 --> 00:00:07,320 Speaker 1: the decentralized Revolution, talking about the way the world is 4 00:00:07,400 --> 00:00:11,920 Speaker 1: changing right before our very eyes, going from a centrally planned, 5 00:00:12,080 --> 00:00:16,680 Speaker 1: centrally managed world of globalization to a decentralized world where 6 00:00:16,680 --> 00:00:18,599 Speaker 1: every nation is sort of out for themselves. And of 7 00:00:18,640 --> 00:00:21,159 Speaker 1: course when that happens, the way that we communicate, the 8 00:00:21,160 --> 00:00:24,479 Speaker 1: way that we transact all changes, and so we're charting that. 9 00:00:24,600 --> 00:00:26,840 Speaker 1: And you know, I talk about this each and every week, 10 00:00:26,840 --> 00:00:28,600 Speaker 1: and we talked about the signposts that are happening, so 11 00:00:28,640 --> 00:00:30,680 Speaker 1: we can see what's happening, we can understand what we 12 00:00:30,720 --> 00:00:32,880 Speaker 1: need to be doing to protect ourselves and manage ourselves 13 00:00:32,880 --> 00:00:36,959 Speaker 1: through this. And some of these signposts that we see 14 00:00:37,000 --> 00:00:39,720 Speaker 1: are more subtle, right, And it's like lots of people 15 00:00:39,760 --> 00:00:41,599 Speaker 1: ask me, you know on social media, which, by the way, 16 00:00:41,600 --> 00:00:43,640 Speaker 1: if you're not following on social media, should check it out. 17 00:00:43,760 --> 00:00:45,839 Speaker 1: It's just at one Mark Moss. It's the number one 18 00:00:45,880 --> 00:00:48,440 Speaker 1: Mark Moss. But you know, a post of thing talking 19 00:00:48,479 --> 00:00:51,600 Speaker 1: about the pendulum swinging back and how you know globalization 20 00:00:51,680 --> 00:00:53,800 Speaker 1: is ending, and people like Mark, what are you talking about? 21 00:00:54,280 --> 00:00:56,080 Speaker 1: I don't see that happening at all. It seems like 22 00:00:56,080 --> 00:00:58,960 Speaker 1: the world's getting more centralized. So a lot of these 23 00:00:59,000 --> 00:01:02,200 Speaker 1: signs are more subtle. But what we've seen going on 24 00:01:02,400 --> 00:01:07,440 Speaker 1: this last week, maybe last two weeks, is really accelerating. 25 00:01:07,440 --> 00:01:09,280 Speaker 1: It's really accelerating a lot. And so I'm gonna talk 26 00:01:09,319 --> 00:01:12,240 Speaker 1: about that. We're gonna talk about the death of the dollar. 27 00:01:12,280 --> 00:01:13,800 Speaker 1: We're gonna talk about the death of the dollar. Is 28 00:01:13,800 --> 00:01:17,959 Speaker 1: it greatly exaggerated? Is it really happening right now? We're 29 00:01:17,959 --> 00:01:19,280 Speaker 1: gonna talk about that. I'm gonna go and do some 30 00:01:19,440 --> 00:01:23,440 Speaker 1: historical context so you can really understand how this works, 31 00:01:23,800 --> 00:01:26,920 Speaker 1: why this works. Then we're gonna talk about actually what's 32 00:01:26,920 --> 00:01:29,240 Speaker 1: been happening in the last two weeks, d dollarization, how 33 00:01:29,280 --> 00:01:31,600 Speaker 1: our trading partners training against us. Then we're gonna jump 34 00:01:31,600 --> 00:01:34,160 Speaker 1: into what's been backing the dollar for the last fifty 35 00:01:34,240 --> 00:01:37,480 Speaker 1: years and how that is just literally changed right before 36 00:01:37,480 --> 00:01:39,119 Speaker 1: ever eyes. And then ultimately I want to go down 37 00:01:39,160 --> 00:01:40,959 Speaker 1: to like what does all this mean? And why do 38 00:01:41,000 --> 00:01:43,080 Speaker 1: you care? Why should you even pay attention to this? 39 00:01:43,240 --> 00:01:45,520 Speaker 1: What does it mean to you? What should you be 40 00:01:45,640 --> 00:01:48,320 Speaker 1: watching and what should you be doing with this information? 41 00:01:48,320 --> 00:01:50,640 Speaker 1: If anything at all? So I wanna talk about all 42 00:01:50,680 --> 00:01:52,680 Speaker 1: of that. We got a big show coming up. I'm 43 00:01:52,680 --> 00:01:54,160 Speaker 1: gonna have to talk pretty fast year because I've got 44 00:01:54,200 --> 00:01:56,720 Speaker 1: a lot of ground to cover, So we'll go through 45 00:01:56,720 --> 00:01:58,520 Speaker 1: this pretty quickly. But like I said, this is a 46 00:01:58,560 --> 00:02:00,560 Speaker 1: big show and it's a big topic, something that you 47 00:02:00,560 --> 00:02:02,480 Speaker 1: should be concerned with. Now. I want to go back 48 00:02:03,080 --> 00:02:05,400 Speaker 1: into a little bit of historical narrative with you for 49 00:02:05,480 --> 00:02:09,200 Speaker 1: a minute first, And the reason why is because you 50 00:02:09,240 --> 00:02:11,519 Speaker 1: need to kind of understand this from a first principle's level. 51 00:02:11,520 --> 00:02:15,760 Speaker 1: You have to understand this from its most basic concepts. 52 00:02:15,800 --> 00:02:18,359 Speaker 1: You can learn to build and formulate your own ideas 53 00:02:18,360 --> 00:02:21,000 Speaker 1: on top of this, all right, And so the first 54 00:02:21,000 --> 00:02:24,959 Speaker 1: thing you have to understand is that we don't want money. 55 00:02:25,120 --> 00:02:27,640 Speaker 1: We don't care about money. What we want is the 56 00:02:27,680 --> 00:02:31,560 Speaker 1: things that money buys us. And ultimately, money is just 57 00:02:31,960 --> 00:02:35,040 Speaker 1: a way to store our value, to store our labor 58 00:02:35,120 --> 00:02:37,400 Speaker 1: or energy until such a time that we're ready to 59 00:02:37,600 --> 00:02:39,799 Speaker 1: use that. So what we really want is we want 60 00:02:39,800 --> 00:02:41,280 Speaker 1: a new house, a new car, We want to go 61 00:02:41,280 --> 00:02:43,760 Speaker 1: out to dinner, want to want vacation, and money is 62 00:02:43,760 --> 00:02:47,440 Speaker 1: just what allows me to exchange for those things. So 63 00:02:47,520 --> 00:02:49,639 Speaker 1: I don't care if it's a dollar or a rupee 64 00:02:49,720 --> 00:02:52,320 Speaker 1: or a wand, or a gold coin or a bitcoin. 65 00:02:52,400 --> 00:02:54,720 Speaker 1: I don't care about any of that as long as 66 00:02:54,840 --> 00:02:57,200 Speaker 1: what I'm storing my wealth in will continue to buy 67 00:02:57,200 --> 00:03:00,000 Speaker 1: me more goods and service in the future. It's important 68 00:03:00,120 --> 00:03:03,120 Speaker 1: understand that distinction because as we start talking about the 69 00:03:03,120 --> 00:03:06,079 Speaker 1: way that the dollar is changing and different currencies that 70 00:03:06,120 --> 00:03:08,600 Speaker 1: are being used, it's important understand it's only really a 71 00:03:08,639 --> 00:03:11,080 Speaker 1: medium of exchange. You can also be used as a 72 00:03:11,080 --> 00:03:12,840 Speaker 1: store of value as well, but we use lots of 73 00:03:12,840 --> 00:03:15,560 Speaker 1: things to store of value. Now, it's important understand that. 74 00:03:15,720 --> 00:03:17,359 Speaker 1: Another thing I want to talk about, just real quick, 75 00:03:17,440 --> 00:03:19,160 Speaker 1: is a little bit of a history lessons. You can 76 00:03:19,240 --> 00:03:24,600 Speaker 1: understand the way this works. So it's all of economics 77 00:03:24,720 --> 00:03:27,000 Speaker 1: is actually super simple, and I know that a lot 78 00:03:27,040 --> 00:03:28,600 Speaker 1: of people talk about it make it a complex I 79 00:03:28,639 --> 00:03:31,200 Speaker 1: do as well, because it is a complex topic, but 80 00:03:31,240 --> 00:03:35,160 Speaker 1: at the same time it's very simple. Economics always works 81 00:03:35,160 --> 00:03:39,040 Speaker 1: off of the law of scarcity, the supply and demand. 82 00:03:39,320 --> 00:03:44,040 Speaker 1: So if there were if there's more demand then there 83 00:03:44,160 --> 00:03:47,320 Speaker 1: is supply, the price goes up, and the vice versa 84 00:03:47,400 --> 00:03:50,840 Speaker 1: is also true. So for example, if there were five 85 00:03:50,960 --> 00:03:56,320 Speaker 1: houses for sale but only one buyer, the price of 86 00:03:56,360 --> 00:03:59,320 Speaker 1: those homes would have to come down because those home 87 00:03:59,360 --> 00:04:02,280 Speaker 1: sellers are competing for the one buyer. If the opposite 88 00:04:02,280 --> 00:04:05,400 Speaker 1: were true, if there were five buyers but only one 89 00:04:05,480 --> 00:04:07,840 Speaker 1: house for sale, the price of the home would go 90 00:04:07,920 --> 00:04:10,400 Speaker 1: up as those five buyers would now compete for the 91 00:04:10,440 --> 00:04:12,840 Speaker 1: one single house supply and demands. So the reason why 92 00:04:12,840 --> 00:04:15,880 Speaker 1: it's important understand that is because as the supply of 93 00:04:16,080 --> 00:04:19,320 Speaker 1: money increases, which is actually the definition of inflation. If 94 00:04:19,320 --> 00:04:21,479 Speaker 1: you think about inflation, if I was going to inflate 95 00:04:21,680 --> 00:04:25,000 Speaker 1: a balloon, I'm increasing the volume of air. So if 96 00:04:25,000 --> 00:04:28,479 Speaker 1: you inflate the money, you're increasing the volume, You're increasing 97 00:04:28,480 --> 00:04:30,920 Speaker 1: the amount of money. And the problem is is as 98 00:04:30,960 --> 00:04:34,840 Speaker 1: you create more money, that new larger supply money is 99 00:04:34,880 --> 00:04:38,080 Speaker 1: trying to compete or chase the same amount of goods. 100 00:04:38,160 --> 00:04:40,719 Speaker 1: So more demand than there are supply, the price of 101 00:04:40,760 --> 00:04:43,760 Speaker 1: goods goes up. Obviously, now it's important to understand that 102 00:04:43,800 --> 00:04:46,120 Speaker 1: so you can understand in context what's exactly happening in 103 00:04:46,120 --> 00:04:48,880 Speaker 1: the world today with the supply of money, but more importantly, 104 00:04:48,920 --> 00:04:51,520 Speaker 1: with the supply or i should say, the prices of everything. 105 00:04:51,560 --> 00:04:53,719 Speaker 1: And let's go back into a little bit of historical narrative, 106 00:04:53,880 --> 00:04:56,599 Speaker 1: so you can understand this real quick. So if you 107 00:04:56,600 --> 00:05:01,800 Speaker 1: think back to the stories of the of the Roman Empire, 108 00:05:01,920 --> 00:05:04,960 Speaker 1: the greatest empire, the greatest country in history of the world, 109 00:05:04,960 --> 00:05:08,520 Speaker 1: the world's ever known. It covered the entire known world 110 00:05:08,560 --> 00:05:10,920 Speaker 1: at the time. The problem is is as it continue 111 00:05:10,960 --> 00:05:14,480 Speaker 1: to expand that empire, it became very expensive sound familiar. 112 00:05:15,120 --> 00:05:17,680 Speaker 1: And as they continue to expand and to build and 113 00:05:18,120 --> 00:05:20,480 Speaker 1: gain new territory, they had to protect that new territories. 114 00:05:20,520 --> 00:05:22,159 Speaker 1: They had to build outposts, they had to put troops 115 00:05:22,160 --> 00:05:24,120 Speaker 1: out there to defend that. And now they had all 116 00:05:24,160 --> 00:05:25,600 Speaker 1: these people that they took over, so they had to 117 00:05:25,640 --> 00:05:27,480 Speaker 1: give them food and all these things. It became very, 118 00:05:27,600 --> 00:05:30,440 Speaker 1: very expensive to do that. The problem is is that 119 00:05:30,520 --> 00:05:33,559 Speaker 1: at the time silver was money. Their silver coin was money, 120 00:05:33,920 --> 00:05:36,440 Speaker 1: and they needed more money to afford to expand the 121 00:05:36,440 --> 00:05:38,400 Speaker 1: empire to me and to hang on and maintain the 122 00:05:38,400 --> 00:05:40,600 Speaker 1: empire that they had. And so how do they get 123 00:05:40,640 --> 00:05:42,840 Speaker 1: more money. They couldn't just go get a bunch more 124 00:05:42,880 --> 00:05:44,480 Speaker 1: silver out of the ground. So what they did is 125 00:05:44,480 --> 00:05:46,440 Speaker 1: they had this great idea, what we'll do is we'll 126 00:05:46,440 --> 00:05:48,240 Speaker 1: just make our coin. Instead of one hundred percents over, 127 00:05:48,320 --> 00:05:51,640 Speaker 1: we'll make it ninety percents over and by doing that, 128 00:05:51,680 --> 00:05:53,520 Speaker 1: we can increase the amount of money we have by 129 00:05:53,520 --> 00:05:56,800 Speaker 1: ten percent. And so they did, and that worked pretty good. 130 00:05:56,839 --> 00:05:58,560 Speaker 1: So let's do it again, and let's make it eighty 131 00:05:58,560 --> 00:06:00,960 Speaker 1: percents over, and then seventy percents over, and then fifty 132 00:06:01,000 --> 00:06:05,240 Speaker 1: percent over, and then twenty percent over. Over two hundred years, 133 00:06:05,279 --> 00:06:10,160 Speaker 1: they debased the currency by ninety percent. That allowed their 134 00:06:10,200 --> 00:06:11,920 Speaker 1: money supplied to increase. But the problem is it led 135 00:06:11,960 --> 00:06:16,919 Speaker 1: to massive price inflation, and eventually their currency was worthless 136 00:06:17,000 --> 00:06:19,880 Speaker 1: and the Roman Empire fell apart. You know the story, right, 137 00:06:20,000 --> 00:06:22,520 Speaker 1: Roman empires around anymore. And that's why. Now what it 138 00:06:22,520 --> 00:06:24,840 Speaker 1: took the Roman Empire two hundred years to do, the 139 00:06:24,920 --> 00:06:28,000 Speaker 1: United States has managed to do that in only ninety years. 140 00:06:28,040 --> 00:06:30,480 Speaker 1: Say hold my beer, right, we'll see what we can 141 00:06:30,520 --> 00:06:32,520 Speaker 1: do there. Now, I want to bring your attention back 142 00:06:32,520 --> 00:06:35,520 Speaker 1: to one of the historical historical story that's kind of 143 00:06:35,520 --> 00:06:37,640 Speaker 1: recently kind of come back up, and I was reading 144 00:06:37,680 --> 00:06:40,880 Speaker 1: about it, which is the early days of the United 145 00:06:40,880 --> 00:06:43,480 Speaker 1: States in a very similar type of story. In seventeen 146 00:06:43,560 --> 00:06:48,279 Speaker 1: seventy five, during the you know, during the revolutionary period, 147 00:06:49,120 --> 00:06:52,679 Speaker 1: the government needed money in a war. You need money 148 00:06:52,920 --> 00:06:57,080 Speaker 1: typically sounds sounds about right, okay, So in seventeen seventy five, 149 00:06:58,120 --> 00:07:01,919 Speaker 1: Continental Congress at the time issue two million dollars in 150 00:07:01,960 --> 00:07:06,120 Speaker 1: paper money to be created. By the end of seventeen 151 00:07:06,200 --> 00:07:09,200 Speaker 1: seventy six, one year later, twenty five million was in 152 00:07:09,240 --> 00:07:12,080 Speaker 1: circulation from two to twenty five. But what that did 153 00:07:12,240 --> 00:07:14,480 Speaker 1: is then that money, that paper money, which used to 154 00:07:14,480 --> 00:07:16,880 Speaker 1: be redeemable one for one for the silver coins, was 155 00:07:16,960 --> 00:07:21,120 Speaker 1: now at a thirty percent discount relative to silver. So 156 00:07:21,320 --> 00:07:23,120 Speaker 1: because they went from two million to twenty five million 157 00:07:23,160 --> 00:07:25,680 Speaker 1: in circulation, they inflated the money supply. Now it bought 158 00:07:25,720 --> 00:07:29,120 Speaker 1: them thirty percent less silver less goods. One year later, 159 00:07:29,120 --> 00:07:32,360 Speaker 1: by the end of seventy seven, they now had thirty 160 00:07:32,360 --> 00:07:34,840 Speaker 1: eight million in circulation and now was trading at a 161 00:07:35,000 --> 00:07:39,040 Speaker 1: seventy percent discount relative to silver. By the end of 162 00:07:39,080 --> 00:07:42,520 Speaker 1: seventeen seventy nine, which was now four years later, there 163 00:07:42,600 --> 00:07:46,160 Speaker 1: was a hundred and ninety two million in circulation, and 164 00:07:46,240 --> 00:07:49,880 Speaker 1: now the one dollar in paper money was worth only 165 00:07:49,920 --> 00:07:55,800 Speaker 1: about one cents of silver. Now, all this money creation 166 00:07:56,520 --> 00:07:59,240 Speaker 1: made it worth less money, just like their own empire 167 00:07:59,280 --> 00:08:03,080 Speaker 1: and just like we're today now. Was important to love 168 00:08:03,120 --> 00:08:05,560 Speaker 1: the thing at one point, said George Washington, who was 169 00:08:05,600 --> 00:08:08,680 Speaker 1: the commander of the Continent Army remarked that a wagon 170 00:08:08,720 --> 00:08:13,160 Speaker 1: load of money wouldn't buy a wagon load of provisions anymore, 171 00:08:13,680 --> 00:08:16,240 Speaker 1: And in October of seventeen seventy nine, just four years later, 172 00:08:16,480 --> 00:08:20,200 Speaker 1: Continental Congress requested no more money from the States. They 173 00:08:20,200 --> 00:08:22,560 Speaker 1: didn't want the money that they had created. Now, what 174 00:08:22,640 --> 00:08:26,560 Speaker 1: they wanted was actual supplies such as corn, such as wheat, 175 00:08:26,960 --> 00:08:31,080 Speaker 1: such as hey and oats. So they inflated the money 176 00:08:31,120 --> 00:08:35,320 Speaker 1: supply so fast and so big that it wasn't worth anything. 177 00:08:35,320 --> 00:08:37,920 Speaker 1: It wouldn't buy them the goods and services they want anymore. 178 00:08:38,120 --> 00:08:40,120 Speaker 1: And it got to the point where four years later 179 00:08:40,440 --> 00:08:43,400 Speaker 1: the government itself, Continental Congress said, no more money. We 180 00:08:43,400 --> 00:08:47,080 Speaker 1: don't want money from the States. We want the actual supplies. 181 00:08:47,200 --> 00:08:51,040 Speaker 1: Does that sound familiar. That's exactly where we're in. We're 182 00:08:51,040 --> 00:08:53,800 Speaker 1: seeing the United States dollar follow the exact same path 183 00:08:53,920 --> 00:08:56,520 Speaker 1: as its predecessor of the Continental dollar, and the exact 184 00:08:56,520 --> 00:08:59,320 Speaker 1: same path that the Roman inn Aias silver coin had. 185 00:09:00,040 --> 00:09:02,080 Speaker 1: Print a bunch of money, it continues to buy you 186 00:09:02,160 --> 00:09:05,720 Speaker 1: less and less and less good services until nobody wants 187 00:09:05,760 --> 00:09:08,160 Speaker 1: is anymore. And that's exactly the path that we're in. 188 00:09:08,240 --> 00:09:09,800 Speaker 1: If you're just tuning and listen to the Mark mo Show. 189 00:09:09,800 --> 00:09:11,320 Speaker 1: I'm gonna take a very quick break. We're gonna come 190 00:09:11,360 --> 00:09:13,040 Speaker 1: back to talk about the death of the dollar, what 191 00:09:13,160 --> 00:09:15,240 Speaker 1: happened with the oil, and so much more. I'll be 192 00:09:15,240 --> 00:09:16,920 Speaker 1: back with all that a minute. Don't go away, I'll 193 00:09:16,920 --> 00:09:20,760 Speaker 1: be were back. All right, Welcome back. If you're just 194 00:09:20,800 --> 00:09:23,280 Speaker 1: tuning in, you're listening to the Mark Moa Show. We're 195 00:09:23,280 --> 00:09:27,559 Speaker 1: talking about the death of the US dollar. Greatly exaggerated. 196 00:09:27,600 --> 00:09:29,679 Speaker 1: What's going on with US dollar now? It's been all 197 00:09:29,720 --> 00:09:31,400 Speaker 1: over the news. You've been seeing on CNN, You've seen 198 00:09:31,440 --> 00:09:33,320 Speaker 1: it on Fox, You're seen it everywhere. The dollars days 199 00:09:33,360 --> 00:09:37,520 Speaker 1: are over, everyone starts stopping to use the dollar. And 200 00:09:37,760 --> 00:09:40,559 Speaker 1: there's a lot of truth to that, and then maybe 201 00:09:40,600 --> 00:09:44,080 Speaker 1: a lot of it might be over exaggerated, and there 202 00:09:44,160 --> 00:09:46,559 Speaker 1: might be a lot of fiction in that. And so 203 00:09:46,600 --> 00:09:48,800 Speaker 1: I want to bring some fact back to this so 204 00:09:48,840 --> 00:09:51,000 Speaker 1: you can kind of understand this week, I should say 205 00:09:51,000 --> 00:09:52,360 Speaker 1: I saw a CNN do a video about it. I 206 00:09:52,400 --> 00:09:55,640 Speaker 1: saw Tucker Carlson do a video on it. And while 207 00:09:55,679 --> 00:09:59,800 Speaker 1: it certainly makes for good media, it's a little bit overhyped. 208 00:10:00,160 --> 00:10:03,040 Speaker 1: Talk about this now, what is actually happening? Well, What 209 00:10:03,280 --> 00:10:07,240 Speaker 1: is actually happening is the dollar is being dropped all 210 00:10:07,240 --> 00:10:08,960 Speaker 1: around the world. And the reason why is back to 211 00:10:09,000 --> 00:10:10,480 Speaker 1: what we talked about in the first segment, is when 212 00:10:10,480 --> 00:10:12,720 Speaker 1: you continue to print more dollars, they buy you less 213 00:10:12,720 --> 00:10:16,160 Speaker 1: and less in goods and services. Also, what really, in 214 00:10:16,200 --> 00:10:18,520 Speaker 1: my opinion, were not my opinion. I believe this is fact. 215 00:10:18,640 --> 00:10:22,400 Speaker 1: What really exaggerated this was not just that the dollar 216 00:10:22,559 --> 00:10:24,920 Speaker 1: is buying less goods and services in the future. The 217 00:10:25,040 --> 00:10:28,560 Speaker 1: dollar has been weaponized against these countries. And so when 218 00:10:28,600 --> 00:10:32,120 Speaker 1: the US seized Russia's bank account, when the whole world 219 00:10:32,120 --> 00:10:34,720 Speaker 1: saw the Canadians bank accounts get seized because they donated 220 00:10:34,760 --> 00:10:38,199 Speaker 1: twenty five dollars to go fund Me. But more importantly, 221 00:10:38,200 --> 00:10:41,680 Speaker 1: when Russia had their bank account seas, the whole world realized, shoot, 222 00:10:42,280 --> 00:10:45,320 Speaker 1: there's no rule of law anymore. There's no such thing 223 00:10:45,360 --> 00:10:48,640 Speaker 1: as like due process anymore. And what I think is 224 00:10:48,760 --> 00:10:53,560 Speaker 1: my property, my money, isn't. As a matter of fact, 225 00:10:53,880 --> 00:10:55,600 Speaker 1: the government can just take it from any time they want. 226 00:10:55,960 --> 00:10:58,319 Speaker 1: And if it can happen to Russia, which is one 227 00:10:58,360 --> 00:11:00,440 Speaker 1: of three global superpowers with nuclear webs, if it can 228 00:11:00,480 --> 00:11:02,800 Speaker 1: happen to them, it can happen to anybody. It can 229 00:11:02,920 --> 00:11:06,280 Speaker 1: certainly happened to meet in any other nation will as well. 230 00:11:06,320 --> 00:11:09,920 Speaker 1: So two things. One, the rapid increase of money, supply 231 00:11:09,960 --> 00:11:13,040 Speaker 1: of dollars means it's buying less and less and good services, 232 00:11:13,040 --> 00:11:14,280 Speaker 1: so they don't want to hold it. But second of all, 233 00:11:14,280 --> 00:11:16,080 Speaker 1: they don't want to hold it because they knew it 234 00:11:16,120 --> 00:11:17,839 Speaker 1: could just be seized at any given time. And so 235 00:11:18,679 --> 00:11:21,000 Speaker 1: the world has already been on a path of what's 236 00:11:21,040 --> 00:11:24,680 Speaker 1: called de dollarization. So China really announced this back in 237 00:11:24,679 --> 00:11:28,199 Speaker 1: twenty thirteen. Russia has been de dollarizing. China's been de 238 00:11:28,280 --> 00:11:31,680 Speaker 1: dollarizing knowing that this day was going to come. In 239 00:11:31,720 --> 00:11:34,040 Speaker 1: my opinion, now when it happened to Russia, China took 240 00:11:34,200 --> 00:11:37,439 Speaker 1: extra measures to really start to speed up de dollarization. 241 00:11:38,040 --> 00:11:39,760 Speaker 1: But what's been all over the news headlines in the 242 00:11:39,800 --> 00:11:41,480 Speaker 1: last week or two is that the rest of the 243 00:11:41,520 --> 00:11:43,880 Speaker 1: world is all following suit. Now, as a matter of fact, 244 00:11:44,080 --> 00:11:45,839 Speaker 1: it's like the world is dropping the dollar like a 245 00:11:45,880 --> 00:11:50,800 Speaker 1: bad habit. Now there's been news headlines everywhere the bricks nations, 246 00:11:51,640 --> 00:11:55,720 Speaker 1: which is Brazil, Russia, India, China, and South Africa. But 247 00:11:55,800 --> 00:11:58,280 Speaker 1: now there's a whole other group of nations that are 248 00:11:58,360 --> 00:12:01,120 Speaker 1: joining in the bricks nations, they're all going to start 249 00:12:01,120 --> 00:12:03,640 Speaker 1: a new currency to replace the dollar potentially. We see 250 00:12:03,679 --> 00:12:07,320 Speaker 1: that China and Russia are working on an alternative payment system, 251 00:12:07,320 --> 00:12:10,040 Speaker 1: an alternative to Swift. So if you don't know what 252 00:12:10,160 --> 00:12:12,160 Speaker 1: Swift is, I'm sure you do. If you if you 253 00:12:12,240 --> 00:12:14,400 Speaker 1: ever sent a wire transfer, you know Swift like a 254 00:12:14,440 --> 00:12:18,000 Speaker 1: Swift coade and Swift is the network, the US dollar 255 00:12:18,040 --> 00:12:21,079 Speaker 1: payment network that allows you to send dollars anywhere in 256 00:12:21,120 --> 00:12:23,920 Speaker 1: the world. And so if you want to send money 257 00:12:23,960 --> 00:12:25,560 Speaker 1: anywhere in the world, just to use a Swift system. 258 00:12:25,559 --> 00:12:28,280 Speaker 1: But if the US can control that and block you out, 259 00:12:28,679 --> 00:12:30,640 Speaker 1: they need to build a new alternative. So China, Russi 260 00:12:30,640 --> 00:12:33,880 Speaker 1: are doing that. We saw that Malaysia and India are 261 00:12:33,920 --> 00:12:36,920 Speaker 1: now doing trade outside the dollar, and they're doing trade 262 00:12:37,640 --> 00:12:40,760 Speaker 1: where it's where it's actually settled in their own currencies, 263 00:12:40,760 --> 00:12:44,520 Speaker 1: not the dollar at all. We're seeing now in Russia 264 00:12:44,720 --> 00:12:48,199 Speaker 1: the most traded currency in Russia now is the Chinese yuan, 265 00:12:48,960 --> 00:12:50,960 Speaker 1: which again they were kicked out of the dollars, so 266 00:12:50,960 --> 00:12:53,960 Speaker 1: they really had no choice. We saw Brazil and China 267 00:12:54,080 --> 00:12:57,960 Speaker 1: are now settling their trade in yuan, not dollars, and 268 00:12:58,000 --> 00:13:00,600 Speaker 1: so this is a big deal. Now, this is the 269 00:13:00,679 --> 00:13:05,120 Speaker 1: death of a thousand cuts, if you will. These are 270 00:13:05,240 --> 00:13:09,719 Speaker 1: all little things that are happening that are just ultimately 271 00:13:09,800 --> 00:13:12,760 Speaker 1: speeding us down this path where the dollar just loses 272 00:13:12,800 --> 00:13:18,400 Speaker 1: all of its power. Now, as this is rapidly happening, 273 00:13:18,440 --> 00:13:20,480 Speaker 1: like I said, we're seeing the rise of these bricks nations. 274 00:13:20,480 --> 00:13:22,520 Speaker 1: It's important to understand that kind of back what I 275 00:13:22,520 --> 00:13:25,600 Speaker 1: said in the first segment is that remember, we don't 276 00:13:25,600 --> 00:13:28,320 Speaker 1: want money. What we want is the things that money 277 00:13:28,400 --> 00:13:30,600 Speaker 1: buys us. And what are the things that we need 278 00:13:30,640 --> 00:13:33,040 Speaker 1: money to buy us? Well, we need the most important 279 00:13:33,080 --> 00:13:35,079 Speaker 1: things in life if we want to stay alive, which 280 00:13:35,120 --> 00:13:37,720 Speaker 1: is food and energy. We need food and energy, right, 281 00:13:38,480 --> 00:13:43,360 Speaker 1: So the bricks nations produce the things that we actually need. 282 00:13:43,360 --> 00:13:46,160 Speaker 1: They produce food and energy. Russia, which is the r 283 00:13:46,240 --> 00:13:50,440 Speaker 1: and bricks, is the world's number one exporter. I believe 284 00:13:50,559 --> 00:13:54,000 Speaker 1: Brazil is the second largest exporter, or maybe just the 285 00:13:54,040 --> 00:13:57,920 Speaker 1: largest exporter in this hemisphere. And they export actual goods 286 00:13:57,920 --> 00:14:01,000 Speaker 1: and services, actual goods, I should say, so. They produce 287 00:14:01,280 --> 00:14:04,000 Speaker 1: food like wheat and corn. They produce metals like nickel 288 00:14:04,080 --> 00:14:07,520 Speaker 1: and lithium, They produce fertilizer to grow the food. They 289 00:14:07,559 --> 00:14:10,280 Speaker 1: produce real things, energy, like oil and natural gas, and 290 00:14:10,320 --> 00:14:12,439 Speaker 1: they ship this to the rest of the world. What 291 00:14:12,559 --> 00:14:17,960 Speaker 1: does the US export? Us exports dollars. And as long 292 00:14:18,000 --> 00:14:19,520 Speaker 1: as those dollars have been in demand, it's worked out 293 00:14:19,520 --> 00:14:22,160 Speaker 1: really well. But as these nations are d dollarizing, the 294 00:14:22,880 --> 00:14:25,200 Speaker 1: demand for the dollar is falling very fast. Now what 295 00:14:25,240 --> 00:14:30,440 Speaker 1: else does the US export? Will the US exports financial services? 296 00:14:30,520 --> 00:14:32,240 Speaker 1: So we have the largest financial markets in the world. 297 00:14:32,560 --> 00:14:39,240 Speaker 1: So our traders in the US are trading complex derivative contracts. Okay, 298 00:14:39,520 --> 00:14:44,520 Speaker 1: does India or Iran or Malaisia do they care about 299 00:14:44,520 --> 00:14:47,880 Speaker 1: our derivatives contract No, they want natural gas, they want oil. 300 00:14:48,360 --> 00:14:51,520 Speaker 1: What else does the US export? Will we export? Services? 301 00:14:51,600 --> 00:14:56,480 Speaker 1: Like social media? We have the Facebook stocks, the Apple, Netflix, Google, 302 00:14:56,960 --> 00:14:59,880 Speaker 1: and actually Putin called us out on that as we try, 303 00:15:00,160 --> 00:15:03,080 Speaker 1: as I should say not we, as the US government, 304 00:15:03,120 --> 00:15:06,440 Speaker 1: try to punish Russia and said, you know, we're going 305 00:15:06,480 --> 00:15:08,760 Speaker 1: to crush your bank acouts, et cetera. Russia's fine because 306 00:15:08,760 --> 00:15:11,560 Speaker 1: they're continuing to produce the goods and services that the 307 00:15:11,600 --> 00:15:15,640 Speaker 1: world wants. And Putin called called out the United States. 308 00:15:15,720 --> 00:15:18,280 Speaker 1: He said, what are you guys going to do? Live 309 00:15:18,360 --> 00:15:23,320 Speaker 1: off of each your social media stocks? Like that's what 310 00:15:23,360 --> 00:15:25,520 Speaker 1: we have, that's what we produce. But the bricks are 311 00:15:25,520 --> 00:15:27,720 Speaker 1: all trading in other currencies. They're trading in their own 312 00:15:27,720 --> 00:15:33,320 Speaker 1: Now it's important to understand that while the US is 313 00:15:33,400 --> 00:15:37,960 Speaker 1: definitely losing trust, and not not just because they're printing 314 00:15:37,960 --> 00:15:41,400 Speaker 1: more dollars, but because they seize Russia's bank account, these 315 00:15:41,480 --> 00:15:44,960 Speaker 1: nations don't trust China either. They probably even as even 316 00:15:45,000 --> 00:15:46,960 Speaker 1: as much trust has been damaged with the US dollar, 317 00:15:47,280 --> 00:15:49,480 Speaker 1: there's probably still more trusted in the US dollar than 318 00:15:49,520 --> 00:15:53,480 Speaker 1: there is in China. And none of these countries, the bricks, 319 00:15:53,480 --> 00:15:56,080 Speaker 1: this coalition that they formed, none of them trust anybody. 320 00:15:56,640 --> 00:15:58,160 Speaker 1: So what they're willing to do is they're all wanting 321 00:15:58,160 --> 00:16:01,320 Speaker 1: to trade in their own current sees. So we saw 322 00:16:01,440 --> 00:16:03,480 Speaker 1: this week India ditches the US dollar to trade in 323 00:16:03,560 --> 00:16:08,040 Speaker 1: rupees for example. We see that China and Malaysia are 324 00:16:08,040 --> 00:16:11,160 Speaker 1: now discussing a new fund called Asian Monetary Fund to 325 00:16:11,200 --> 00:16:15,160 Speaker 1: reduce dependence on the US dollar. We saw China and 326 00:16:15,200 --> 00:16:17,720 Speaker 1: Brazil recently struck a deal to ditch the US dollar 327 00:16:18,040 --> 00:16:21,160 Speaker 1: in favor of their own currencies. Now this is a 328 00:16:21,160 --> 00:16:23,760 Speaker 1: pretty big deal because Russia, as I'm sorry Brazil, has 329 00:16:23,800 --> 00:16:27,360 Speaker 1: been one of the US's you know what we would 330 00:16:27,400 --> 00:16:30,600 Speaker 1: call friendlies. They're one of the largest commodity exporters in 331 00:16:30,600 --> 00:16:34,480 Speaker 1: the world. The US needs Brazil as the world continues 332 00:16:34,480 --> 00:16:38,720 Speaker 1: to decentralize deglobalize. The US needs Brazil needs South America 333 00:16:39,000 --> 00:16:42,840 Speaker 1: in its orbit. But we've done a lot to destabilize 334 00:16:42,840 --> 00:16:46,200 Speaker 1: that relationship. And now here's China and Brazil getting cozy cozy, 335 00:16:46,640 --> 00:16:51,080 Speaker 1: and now they're decided to do trade in financial transactions, 336 00:16:51,080 --> 00:16:56,160 Speaker 1: exchanging in Chinese yuan for real, without converting to the dollar. 337 00:16:56,280 --> 00:16:58,480 Speaker 1: We saw. Kenya in Africa now says that they're going 338 00:16:58,520 --> 00:17:01,160 Speaker 1: to buy oil using local current see instead of US dollars. 339 00:17:02,880 --> 00:17:05,520 Speaker 1: Kenyan President William Rudaus signed an agreement with Audi Arabia 340 00:17:05,520 --> 00:17:08,520 Speaker 1: to buy oil for Kenyan shillings instead of US dollars. 341 00:17:09,960 --> 00:17:13,280 Speaker 1: Russia is calling on these bricks nations to explore trading 342 00:17:13,440 --> 00:17:18,080 Speaker 1: in new currencies. Now, I don't believe they're gonna be 343 00:17:18,080 --> 00:17:20,680 Speaker 1: able to find a new reserve currency. I don't think 344 00:17:20,680 --> 00:17:23,960 Speaker 1: that this way it's going to work. I see a 345 00:17:24,000 --> 00:17:26,639 Speaker 1: decentralized world. So I'm gonna explain to you what that means. 346 00:17:26,680 --> 00:17:28,600 Speaker 1: What does a decentralized world mean? How do we move 347 00:17:28,600 --> 00:17:30,680 Speaker 1: forward when one of these none of these nations trust 348 00:17:30,720 --> 00:17:32,520 Speaker 1: the US, and they don't trust each other. We're gonna 349 00:17:32,560 --> 00:17:34,640 Speaker 1: talk about that. We're gonna talk about these thousand cuts, 350 00:17:34,640 --> 00:17:36,400 Speaker 1: But more importantly, I want to talk about the death 351 00:17:36,440 --> 00:17:39,000 Speaker 1: blow that just came across this week that's really, really big. 352 00:17:39,080 --> 00:17:40,440 Speaker 1: And then ultimately I want to explain to you what 353 00:17:40,520 --> 00:17:42,199 Speaker 1: does all this mean? Why do you even care? Why 354 00:17:42,240 --> 00:17:43,840 Speaker 1: should you even pay attention to this? What should you 355 00:17:43,840 --> 00:17:46,240 Speaker 1: be watching? And more importantly, what should you be doing 356 00:17:46,320 --> 00:17:48,919 Speaker 1: with this information. I'm going to cover all of that. 357 00:17:48,920 --> 00:17:50,520 Speaker 1: It's a big show coming up. If you're just tuning 358 00:17:50,520 --> 00:17:52,720 Speaker 1: in and you're listening to the Mark Moss Show, I 359 00:17:52,760 --> 00:17:54,600 Speaker 1: gotta take a quick break and be back with more 360 00:17:54,640 --> 00:17:57,520 Speaker 1: about the dollar and oil and all that's good stuff. 361 00:17:57,520 --> 00:18:00,679 Speaker 1: I'm back in a second. Don't go away, all right, 362 00:18:00,720 --> 00:18:02,240 Speaker 1: Welcome back. If you're just tune in, you're listening to 363 00:18:02,280 --> 00:18:04,160 Speaker 1: the Mark Moss Show. Of course, we always talk about 364 00:18:04,160 --> 00:18:07,880 Speaker 1: the decentralized revolution. Boy are we talking about that today? 365 00:18:07,920 --> 00:18:10,480 Speaker 1: We're talking about how the world is breaking apart the 366 00:18:10,640 --> 00:18:16,040 Speaker 1: US globals what we call homogeney, the US dollar, the 367 00:18:15,040 --> 00:18:18,640 Speaker 1: US as a country's global dominance as well as their 368 00:18:18,640 --> 00:18:22,040 Speaker 1: dominance imposed by the US dollar is falling, and it's 369 00:18:22,040 --> 00:18:25,840 Speaker 1: falling fast. However, it's not quite as sensational as Tucker 370 00:18:25,840 --> 00:18:28,159 Speaker 1: Carlson and CNN are trying to make it out to be. 371 00:18:28,560 --> 00:18:30,640 Speaker 1: It is happening, yes, and it is a big thing 372 00:18:30,640 --> 00:18:32,840 Speaker 1: to be a pay attention to do, yes, but it's 373 00:18:32,840 --> 00:18:35,840 Speaker 1: more like a death by a thousand cuts. So, like 374 00:18:35,840 --> 00:18:37,679 Speaker 1: I said, all these other countries are starting to do 375 00:18:37,760 --> 00:18:41,800 Speaker 1: trade outside of the US dollar, but so far it's 376 00:18:41,840 --> 00:18:45,199 Speaker 1: again it's a slow, slow, slow bleed bleed out. But 377 00:18:46,200 --> 00:18:48,680 Speaker 1: something really big did happen this week. And this is 378 00:18:48,720 --> 00:18:51,399 Speaker 1: a big deal for a lot of reasons. So for 379 00:18:51,520 --> 00:18:54,239 Speaker 1: quick history in the United States, you probably already know this, 380 00:18:54,280 --> 00:18:56,159 Speaker 1: but just super real fast, just to go through it 381 00:18:56,560 --> 00:18:59,600 Speaker 1: up until you know. The US dollar took over the 382 00:18:59,640 --> 00:19:01,760 Speaker 1: reserve currency status of the world from the pounds sterling. 383 00:19:02,720 --> 00:19:05,600 Speaker 1: During World War One and two. England printed way too 384 00:19:05,680 --> 00:19:08,800 Speaker 1: much money to fight their World wars and devalued debased 385 00:19:08,840 --> 00:19:11,879 Speaker 1: their currency. The US didn't want their currency because it 386 00:19:11,920 --> 00:19:14,760 Speaker 1: was continue to be devalued, and so the US demanded gold. 387 00:19:15,040 --> 00:19:17,440 Speaker 1: Over the course of those two wars, the US brought 388 00:19:17,480 --> 00:19:19,600 Speaker 1: in more gold than any other nation. At some point, 389 00:19:20,000 --> 00:19:22,040 Speaker 1: the United States had about two thirds of all the 390 00:19:22,080 --> 00:19:24,440 Speaker 1: gold in the world was in the US, and so 391 00:19:24,480 --> 00:19:27,320 Speaker 1: then under nineteen forty four the Breton Woods Agreement, the 392 00:19:27,320 --> 00:19:29,960 Speaker 1: world agreed that the US dollar would be the reserve 393 00:19:30,000 --> 00:19:33,040 Speaker 1: currency the world would be backed by gold. So thirty 394 00:19:33,040 --> 00:19:35,200 Speaker 1: five dollars was dampable before announced gold. Any nation of 395 00:19:35,240 --> 00:19:38,760 Speaker 1: the world could redeem their dollars for gold whenever they wanted. 396 00:19:39,880 --> 00:19:46,040 Speaker 1: All right, nineteen seventy one, the world was well, not 397 00:19:46,080 --> 00:19:48,199 Speaker 1: just ninety seventy one. Leading up to that, the US 398 00:19:48,280 --> 00:19:50,359 Speaker 1: kept printing more dollars, sort of like we talked about 399 00:19:50,359 --> 00:19:55,199 Speaker 1: in the first segment, how the continental dollars. So they 400 00:19:55,280 --> 00:19:57,479 Speaker 1: printed so many continental dollars, and in this case they 401 00:19:57,480 --> 00:19:59,800 Speaker 1: printed so many dollars. The nations of the world realized 402 00:19:59,800 --> 00:20:02,760 Speaker 1: this and they said, look, we don't want yours dollars anymore, 403 00:20:03,160 --> 00:20:05,200 Speaker 1: and since they're redeemable for gold, we want the gold. 404 00:20:05,640 --> 00:20:08,320 Speaker 1: And so all these nations were redeeming for gold old, 405 00:20:08,320 --> 00:20:11,080 Speaker 1: over and over and over. Finally the US was over there. 406 00:20:11,440 --> 00:20:13,159 Speaker 1: They probably ran out of gold. The gold suppli has 407 00:20:13,200 --> 00:20:14,879 Speaker 1: never been audited since then, so we don't know if 408 00:20:14,880 --> 00:20:19,520 Speaker 1: there's any gold left. But basically these nations were demanding 409 00:20:19,520 --> 00:20:21,600 Speaker 1: their gold and a nine seventy one President Richard Nixon 410 00:20:21,640 --> 00:20:24,760 Speaker 1: said enough, I'm closing the gold window. You could no 411 00:20:24,880 --> 00:20:28,119 Speaker 1: longer redeem any of those dollars for gold anymore. Now 412 00:20:28,560 --> 00:20:30,360 Speaker 1: that's a pretty big deal. A lot of people haven't 413 00:20:30,359 --> 00:20:32,240 Speaker 1: really talked about that in depth. It's a big deal 414 00:20:32,240 --> 00:20:37,000 Speaker 1: because basically, the US defaulted on its obligations. The world 415 00:20:37,080 --> 00:20:39,080 Speaker 1: had made an agreement with the United States under Breton 416 00:20:39,080 --> 00:20:41,440 Speaker 1: Woods Agreement, that they would use dollars, but they could 417 00:20:41,440 --> 00:20:43,960 Speaker 1: be even for golden time they wanted, and the US 418 00:20:44,040 --> 00:20:46,920 Speaker 1: just broke that agreement. Now, why would the world continue 419 00:20:46,960 --> 00:20:50,320 Speaker 1: to use dollars after that happened. Well, it's a good question, 420 00:20:52,560 --> 00:20:56,440 Speaker 1: and the answer is they wouldn't. So in nineteen seventy four, 421 00:20:56,480 --> 00:20:59,639 Speaker 1: a new deal was made with Saudi Arabia to back 422 00:20:59,800 --> 00:21:01,879 Speaker 1: the dollars with oil what's called it was known as 423 00:21:01,880 --> 00:21:04,840 Speaker 1: the Petro dollar. Now that's a big deal. The agreement 424 00:21:04,880 --> 00:21:07,679 Speaker 1: was that basically Saudi Arabia would always price oil in 425 00:21:07,800 --> 00:21:10,320 Speaker 1: dollars so that there would always be demand for dollars 426 00:21:10,920 --> 00:21:13,440 Speaker 1: in exchange. The US would always have Saudi Arabia's back, 427 00:21:13,680 --> 00:21:17,159 Speaker 1: our military would protect them. So they've been our trading partner. 428 00:21:17,200 --> 00:21:20,720 Speaker 1: They've been key in keeping the US dollars dominance for 429 00:21:20,760 --> 00:21:23,800 Speaker 1: the last fifty years, and that's been a big deal, 430 00:21:23,880 --> 00:21:28,000 Speaker 1: except for President Biden came in on a campaign saying 431 00:21:28,040 --> 00:21:30,960 Speaker 1: that he was going to put them in their place. 432 00:21:31,000 --> 00:21:32,800 Speaker 1: He was going to push back on them, he was 433 00:21:32,840 --> 00:21:35,640 Speaker 1: going to take this thug of a kingdom and check 434 00:21:35,720 --> 00:21:37,400 Speaker 1: them and put them in their place. At the same time, 435 00:21:38,480 --> 00:21:42,200 Speaker 1: as Biden went on this rampage to destroy relations with 436 00:21:42,400 --> 00:21:46,360 Speaker 1: Saudi Arabia, he also went on a binge to destroy 437 00:21:46,440 --> 00:21:49,400 Speaker 1: our oil output in the United States, which is pretty weird. 438 00:21:49,680 --> 00:21:51,400 Speaker 1: You would think if you're going to destroy your relationship 439 00:21:51,440 --> 00:21:53,520 Speaker 1: with an oil producing nation that we depend on, you 440 00:21:53,520 --> 00:21:56,120 Speaker 1: would try to increase your oil supply so we could 441 00:21:56,119 --> 00:21:58,160 Speaker 1: offset the damage that would cause. But of course that's 442 00:21:58,200 --> 00:22:00,840 Speaker 1: not what President Biden would do. He would destroy our 443 00:22:00,880 --> 00:22:04,080 Speaker 1: oil producing nation partner and destroy our own oil economy 444 00:22:04,080 --> 00:22:06,160 Speaker 1: at the same time. But basically it's a big deal 445 00:22:06,160 --> 00:22:09,200 Speaker 1: because as this has continued to break down, then we saw, 446 00:22:10,240 --> 00:22:12,440 Speaker 1: you know, inflation, this is a key piece here. We 447 00:22:12,480 --> 00:22:15,840 Speaker 1: saw inflation running rampant. Now, inflation in this case being 448 00:22:15,880 --> 00:22:18,240 Speaker 1: the prices of goods and services were going through the roof. 449 00:22:18,480 --> 00:22:22,119 Speaker 1: And this is mainly being driven by energy prices going up. 450 00:22:22,520 --> 00:22:25,040 Speaker 1: The price of oil and natural gas went through the roof. 451 00:22:25,280 --> 00:22:26,960 Speaker 1: And when the price of energy goes up, the price 452 00:22:26,960 --> 00:22:31,280 Speaker 1: of everything goes up because everything requires energy. So what 453 00:22:31,480 --> 00:22:33,760 Speaker 1: is the US president, President Biden and the Federal Reserve 454 00:22:33,880 --> 00:22:35,800 Speaker 1: going to do. Well, they need to bring prices back down. 455 00:22:36,119 --> 00:22:40,960 Speaker 1: So Biden starts releasing oil from our Strategic Petroleum Reserve. 456 00:22:41,520 --> 00:22:44,440 Speaker 1: So again, supply and demand. If the price is too high, 457 00:22:44,520 --> 00:22:48,000 Speaker 1: well let's increase the supply now. Instead of increasing the 458 00:22:48,000 --> 00:22:49,960 Speaker 1: supply like he should have done, which is like, hey, 459 00:22:50,200 --> 00:22:54,080 Speaker 1: oil producers in the US, produce more oil. That would 460 00:22:54,080 --> 00:22:57,000 Speaker 1: have been the smart thing. Instead, he said, let's just 461 00:22:57,119 --> 00:23:00,679 Speaker 1: drain our savings account. It's sort of like, you know, 462 00:23:00,920 --> 00:23:04,320 Speaker 1: let's say that you lost your job, and instead of 463 00:23:04,359 --> 00:23:06,200 Speaker 1: just going, hey, I should probably go get another job 464 00:23:06,440 --> 00:23:09,000 Speaker 1: and produce my own and you know, create wealth, produce 465 00:23:09,080 --> 00:23:12,840 Speaker 1: more income, let's just drain our savings account. And that's 466 00:23:12,840 --> 00:23:15,320 Speaker 1: basically what he did, and so we've been we've been 467 00:23:15,320 --> 00:23:18,320 Speaker 1: doing that. Of course, Biden, in addition to draining our 468 00:23:18,359 --> 00:23:22,200 Speaker 1: oil supply, begged the world to produce more oil, begged 469 00:23:22,240 --> 00:23:24,879 Speaker 1: Saudi Arabia to produce more oil, begged Venezuela to produce 470 00:23:24,960 --> 00:23:28,200 Speaker 1: more oil. He tried to get a meeting with Saudi 471 00:23:28,200 --> 00:23:31,520 Speaker 1: Arabia and they didn't want him to come. They denied him, 472 00:23:31,560 --> 00:23:33,239 Speaker 1: which of course they would after he said all those 473 00:23:33,280 --> 00:23:35,480 Speaker 1: mean things about him. Finally they let him come over. 474 00:23:35,520 --> 00:23:38,520 Speaker 1: And I think this was a very key moment is 475 00:23:38,520 --> 00:23:40,920 Speaker 1: when President Biden finally went to go meet with there 476 00:23:41,160 --> 00:23:44,720 Speaker 1: with the King Mohammed Ben Salmon MBS as he's referred to. 477 00:23:45,640 --> 00:23:47,399 Speaker 1: There's a famous picture. It was a it was an 478 00:23:47,400 --> 00:23:51,639 Speaker 1: embarrassing picture where basically Biden and MBS are doing a 479 00:23:51,680 --> 00:23:56,600 Speaker 1: fist pump. Now, you know, a fist bump is maybe 480 00:23:56,600 --> 00:23:58,080 Speaker 1: something you do with like one of your boys when 481 00:23:58,119 --> 00:23:59,600 Speaker 1: you see him real quick, and it's kind of like 482 00:23:59,680 --> 00:24:04,160 Speaker 1: done in done in jest or in fun. But if 483 00:24:04,160 --> 00:24:08,159 Speaker 1: you're particularly a man, but anybody and you're gonna do 484 00:24:08,200 --> 00:24:10,120 Speaker 1: a serious deal, you're gonna do a business, you're gonna 485 00:24:10,119 --> 00:24:12,560 Speaker 1: shake a hand. And so I think that was kind 486 00:24:12,560 --> 00:24:15,400 Speaker 1: of the shot heard around the world. And even worse 487 00:24:15,440 --> 00:24:17,680 Speaker 1: that really seem into this was that then we saw 488 00:24:19,560 --> 00:24:23,760 Speaker 1: President g from China over there shaking hands. That's the 489 00:24:23,760 --> 00:24:26,960 Speaker 1: way it's done now. So this has continue to curate 490 00:24:27,040 --> 00:24:29,679 Speaker 1: this relationship with Saudi Arabia. And the big thing was 491 00:24:29,800 --> 00:24:33,320 Speaker 1: is that this week Saudi Arabia came out and said 492 00:24:33,720 --> 00:24:37,400 Speaker 1: that they no longer care about the United States. They 493 00:24:37,480 --> 00:24:41,160 Speaker 1: no longer care what the United States thanks, and Saudi 494 00:24:41,200 --> 00:24:43,160 Speaker 1: Arabia and the rest of the oil produced nations over there, 495 00:24:43,280 --> 00:24:46,480 Speaker 1: collectively known as OPEC plus agreed that they are going 496 00:24:46,520 --> 00:24:49,800 Speaker 1: to slash supply by one point six million barrels a 497 00:24:49,920 --> 00:24:52,720 Speaker 1: day now as the Biden administration, as the Federal Reserve 498 00:24:52,800 --> 00:24:56,320 Speaker 1: is on a campaign to crush inflation bring prices down. 499 00:24:56,560 --> 00:24:58,960 Speaker 1: They're doing that by crushing demand. If they make you 500 00:24:59,680 --> 00:25:02,280 Speaker 1: bro by crushing your retirement account and crushing your home, 501 00:25:03,080 --> 00:25:05,040 Speaker 1: making you lose your job. If they make you broke, 502 00:25:05,200 --> 00:25:08,439 Speaker 1: then you won't buy as much, you won't order Amazon anymore, 503 00:25:08,440 --> 00:25:10,760 Speaker 1: you won't go onification. Then your energy supply will be 504 00:25:10,880 --> 00:25:12,800 Speaker 1: less or demand will be less. And so if they 505 00:25:12,800 --> 00:25:16,719 Speaker 1: can crush the demand for oil, then they could somehow 506 00:25:16,760 --> 00:25:20,200 Speaker 1: bring inflation down. But OPEC says, we see what you're doing, 507 00:25:20,400 --> 00:25:23,280 Speaker 1: So here's what we're gonna do. You want to crush demand, fine, 508 00:25:23,359 --> 00:25:26,360 Speaker 1: we'll just shut off supply. See two can play that game, 509 00:25:26,800 --> 00:25:29,760 Speaker 1: and that's exactly what they did. So OPEC this agreed 510 00:25:29,800 --> 00:25:33,919 Speaker 1: to cut restriction back by one point six million barrels 511 00:25:34,000 --> 00:25:36,320 Speaker 1: a day. That's a big deal. Now, of course this 512 00:25:36,440 --> 00:25:38,800 Speaker 1: starts next month through the end of this year. Of course, 513 00:25:38,800 --> 00:25:41,320 Speaker 1: that happens right in the middle of summer, when demand 514 00:25:41,400 --> 00:25:45,720 Speaker 1: for energy goes through the roof. What is that going 515 00:25:45,760 --> 00:25:49,520 Speaker 1: to do to inflation for this summer? So while the 516 00:25:49,520 --> 00:25:52,840 Speaker 1: Fed's trying everything you can to cut inflation, OPEC just 517 00:25:52,880 --> 00:25:55,119 Speaker 1: chopped them at the knees. Now, the FED can continue 518 00:25:55,119 --> 00:25:57,560 Speaker 1: to fight inflation by raising rates. But as we've already 519 00:25:57,560 --> 00:26:00,159 Speaker 1: talked about in other episodes, as they can do to 520 00:26:00,240 --> 00:26:03,720 Speaker 1: raise rates, they made the FED broke, then they made 521 00:26:03,720 --> 00:26:06,280 Speaker 1: the US government the Treasury broke, and now they broke 522 00:26:06,359 --> 00:26:09,640 Speaker 1: the banks. Now we're seeing the banks collapse. So they're 523 00:26:09,640 --> 00:26:12,720 Speaker 1: going to keep raising rates to fight off inflation. But 524 00:26:12,760 --> 00:26:14,760 Speaker 1: as they continue to raise rates, they're going to continue 525 00:26:14,760 --> 00:26:19,600 Speaker 1: to bankrupt themselves, the treasury and the banks. And they're 526 00:26:19,600 --> 00:26:21,480 Speaker 1: not going to have any dent in oil because OPEX 527 00:26:21,480 --> 00:26:25,040 Speaker 1: says work's going to keep cutting supply, then what are 528 00:26:25,040 --> 00:26:28,520 Speaker 1: we gonna do. It's a pretty big deal. Now, on 529 00:26:28,560 --> 00:26:31,160 Speaker 1: top of that, Saudi Arabia has now in bed with China. 530 00:26:31,200 --> 00:26:33,960 Speaker 1: Saudi Arabia now says they're going to adopt economic strategy 531 00:26:34,040 --> 00:26:39,119 Speaker 1: without US dependence. They said that they're now going to 532 00:26:39,119 --> 00:26:42,840 Speaker 1: cut oil production. They're now partnering with China to build 533 00:26:42,960 --> 00:26:48,480 Speaker 1: Chinese oil refineries. They entered a trade alliance with China, Russia, India, 534 00:26:48,520 --> 00:26:51,119 Speaker 1: Pakistan and four Central Asian nations to step away from 535 00:26:51,160 --> 00:26:54,080 Speaker 1: the US dollar. They partnered with India to create an 536 00:26:54,080 --> 00:26:58,320 Speaker 1: investment bridge, emphasizing greater economic interconnectedness. I mean, this is 537 00:26:58,359 --> 00:27:00,840 Speaker 1: a really big deal. Now, if you're just tuning in, 538 00:27:00,840 --> 00:27:02,800 Speaker 1: you're listening to the Markmas Show, we're talking about the 539 00:27:02,800 --> 00:27:05,840 Speaker 1: death of the dollar. We're talking about the death of 540 00:27:05,880 --> 00:27:09,960 Speaker 1: the petro dollar. And I want to talk about, now, 541 00:27:09,960 --> 00:27:12,320 Speaker 1: what does all this mean to you? What should you 542 00:27:12,320 --> 00:27:14,679 Speaker 1: be watching? What should be doing about this? Because you 543 00:27:14,680 --> 00:27:17,000 Speaker 1: gotta do something. If you just sit back sitting in 544 00:27:17,000 --> 00:27:18,159 Speaker 1: your hand, it's not gonna work out well for you. 545 00:27:18,200 --> 00:27:19,720 Speaker 1: So I'm gonna be back, I take a quick break, 546 00:27:19,720 --> 00:27:21,560 Speaker 1: I'm wanna come back. I'm gonna tell you that what 547 00:27:21,600 --> 00:27:23,520 Speaker 1: should be watching? What should you be doing? Why do 548 00:27:23,520 --> 00:27:25,119 Speaker 1: you care about this? So I'm gonna cover all that 549 00:27:25,160 --> 00:27:27,080 Speaker 1: when I come back, and more in a minute. If 550 00:27:27,119 --> 00:27:28,720 Speaker 1: you're just tuning and you listening to the markmas Show, 551 00:27:28,760 --> 00:27:30,720 Speaker 1: don't go away. You definitely don't want to miss this 552 00:27:30,760 --> 00:27:34,439 Speaker 1: last section. I'll be right back, all right, welcome back. 553 00:27:34,480 --> 00:27:36,359 Speaker 1: If you're just tune, you're listening to the Mark Moas Show. 554 00:27:36,560 --> 00:27:38,240 Speaker 1: We're talking about, of course he should ever waked the 555 00:27:38,320 --> 00:27:42,640 Speaker 1: decentralized revolution, and we are talking about today specifically, yes, 556 00:27:43,000 --> 00:27:45,400 Speaker 1: the decentralized revolution. We're talking about the way the world 557 00:27:45,480 --> 00:27:49,800 Speaker 1: is literally breaking apart as the US as a nation 558 00:27:49,880 --> 00:27:52,640 Speaker 1: continues to lose its dominance, and the US dollar as 559 00:27:52,640 --> 00:27:54,600 Speaker 1: the reserve currency of the world continues to lose its 560 00:27:54,640 --> 00:27:57,800 Speaker 1: dollar dominance. And so I've gone through a lot. You know, 561 00:27:57,840 --> 00:28:03,000 Speaker 1: we went through history lessons, We went through the reduction 562 00:28:03,040 --> 00:28:05,680 Speaker 1: of using the dollar as a currency. We just went 563 00:28:05,720 --> 00:28:09,159 Speaker 1: through the destruction of the US dollars backing in oil 564 00:28:09,240 --> 00:28:11,600 Speaker 1: and the OPEC nations. If you missed any of this, 565 00:28:12,000 --> 00:28:13,879 Speaker 1: don't worry. I got you back. Just you can search 566 00:28:13,880 --> 00:28:15,760 Speaker 1: it on your favorite podcast player, just search the Mark 567 00:28:15,760 --> 00:28:18,199 Speaker 1: Moss Show and your favorite podcast player. Or you can 568 00:28:18,280 --> 00:28:21,720 Speaker 1: check it out on YouTube and just search Market Disruptors 569 00:28:21,720 --> 00:28:23,320 Speaker 1: on YouTube and you'll find all these on it. You 570 00:28:23,359 --> 00:28:26,439 Speaker 1: can watch me and listen to me at the same time. Also, 571 00:28:26,840 --> 00:28:29,159 Speaker 1: if you're on social media, I'd love to hear from you. 572 00:28:29,240 --> 00:28:32,280 Speaker 1: Just ask me any questions, shout me out, tell me 573 00:28:32,320 --> 00:28:34,280 Speaker 1: that you you heard the show. You can find me 574 00:28:34,320 --> 00:28:37,080 Speaker 1: on social media at one Mark Moss at one Mark Moss. 575 00:28:37,119 --> 00:28:39,640 Speaker 1: That's just the number one now. Also, I do want 576 00:28:39,680 --> 00:28:41,840 Speaker 1: to say, um I you know, I speak around the 577 00:28:41,840 --> 00:28:44,080 Speaker 1: country quite a bit. I'm going to be speaking at 578 00:28:44,120 --> 00:28:46,920 Speaker 1: the Bitcoin conference that's coming up here next month. That's 579 00:28:46,960 --> 00:28:48,360 Speaker 1: a pretty big deal for you to be paying attention 580 00:28:48,360 --> 00:28:52,080 Speaker 1: to because as the US dollar loses dominance, there's not 581 00:28:52,160 --> 00:28:56,520 Speaker 1: going to be another single reserve currency. In my opinion, 582 00:28:56,960 --> 00:29:00,880 Speaker 1: there's there's no global power to come and unilaterally from 583 00:29:00,880 --> 00:29:03,840 Speaker 1: on high you say this is the new reserve currency. 584 00:29:03,920 --> 00:29:06,640 Speaker 1: It's not the way it works. All of these nations, 585 00:29:06,640 --> 00:29:08,240 Speaker 1: these new trade alliances, are trying to come up with 586 00:29:08,280 --> 00:29:13,360 Speaker 1: their own currency, their own monetary system, but now never 587 00:29:13,440 --> 00:29:14,800 Speaker 1: going to trust each other. So that's why they're all 588 00:29:14,800 --> 00:29:16,360 Speaker 1: want to trade in their own currencies. And he wants 589 00:29:16,360 --> 00:29:18,240 Speaker 1: to trade in the rupee, Brazil wants to trade in 590 00:29:18,320 --> 00:29:20,760 Speaker 1: the real China wants to trade the Nuuan, and so 591 00:29:20,800 --> 00:29:25,360 Speaker 1: we're going to continue to see the monetary system decentralize. Ultimately, 592 00:29:25,600 --> 00:29:27,480 Speaker 1: none of them are going to trust each other, so 593 00:29:27,640 --> 00:29:29,240 Speaker 1: some are going to argue to go back to gold. 594 00:29:29,520 --> 00:29:31,080 Speaker 1: The problem with gold is it doesn't work in the 595 00:29:31,080 --> 00:29:33,440 Speaker 1: information age. Now I light gold, I hold gold. I 596 00:29:33,480 --> 00:29:35,800 Speaker 1: think you should own some gold, But it doesn't work 597 00:29:35,840 --> 00:29:38,560 Speaker 1: in the information age. And that's why I think bitcoin 598 00:29:38,840 --> 00:29:41,800 Speaker 1: is what will ultimately take over, because it's something that 599 00:29:41,880 --> 00:29:44,600 Speaker 1: is what we call trust lists. That means you don't 600 00:29:44,640 --> 00:29:46,240 Speaker 1: have to trust bitcoin. You don't have to trust the 601 00:29:46,240 --> 00:29:49,000 Speaker 1: other person. There's no counterparty to that. So in a 602 00:29:49,080 --> 00:29:52,120 Speaker 1: gold back system, I have to trust that whoever's holding 603 00:29:52,120 --> 00:29:53,880 Speaker 1: the gold in their vault really has the gold in 604 00:29:53,960 --> 00:29:57,560 Speaker 1: their vaults. And if I'm trusting the US dollar or 605 00:29:57,600 --> 00:30:00,640 Speaker 1: the Chinese yuan, I have to trust that won't seize 606 00:30:00,680 --> 00:30:04,520 Speaker 1: my bank accounts. With bitcoin, nobody controls the network and 607 00:30:04,600 --> 00:30:07,800 Speaker 1: so there is no trust that's required with bitcoin. Now 608 00:30:08,080 --> 00:30:09,960 Speaker 1: you may not trust it because it's, you know, brand 609 00:30:09,960 --> 00:30:12,760 Speaker 1: new technology. You don't understand it, and I get that 610 00:30:12,800 --> 00:30:16,000 Speaker 1: most of the world doesn't, but it's it's growing, it's 611 00:30:16,000 --> 00:30:17,440 Speaker 1: growing really fast. As a matter of fact, the bitcoin 612 00:30:17,440 --> 00:30:19,600 Speaker 1: conference has gone from like fifteen hundred people few years 613 00:30:19,600 --> 00:30:21,920 Speaker 1: ago to like thirty thousand people this year. Like I said, 614 00:30:21,920 --> 00:30:23,720 Speaker 1: I'll be speaking. If you want to come hang out 615 00:30:23,760 --> 00:30:25,800 Speaker 1: with me, I have a special deal for you. You 616 00:30:25,840 --> 00:30:28,840 Speaker 1: can get a ten percent discount off of your tickets 617 00:30:29,120 --> 00:30:32,240 Speaker 1: if you use code Mark Moss at Checkout ten percent 618 00:30:32,280 --> 00:30:36,200 Speaker 1: off and just go to their website Bitcoin Conferences, Google 619 00:30:36,200 --> 00:30:38,400 Speaker 1: that and just use Mark Moss get ten percent off. 620 00:30:38,440 --> 00:30:42,200 Speaker 1: And if you use my discount code and send me 621 00:30:42,240 --> 00:30:46,239 Speaker 1: a message on social media or on email, then I 622 00:30:46,320 --> 00:30:50,120 Speaker 1: am organizing a special get together with just people from 623 00:30:50,160 --> 00:30:52,680 Speaker 1: my community. And so if you'd like to come hang 624 00:30:52,680 --> 00:30:54,360 Speaker 1: out with me and a couple other like minded people 625 00:30:54,360 --> 00:30:57,760 Speaker 1: in the community, get ten percent off the discount using 626 00:30:57,800 --> 00:31:00,400 Speaker 1: that discount code Mark Moss, send me ms in social 627 00:31:00,440 --> 00:31:02,520 Speaker 1: media or email me let me know you bought it 628 00:31:02,520 --> 00:31:04,560 Speaker 1: with that code, and I'm going to have a special 629 00:31:04,600 --> 00:31:08,960 Speaker 1: event for you. Now getting back to this, why do 630 00:31:09,000 --> 00:31:11,240 Speaker 1: you care about all this? What's going to happen because 631 00:31:11,280 --> 00:31:14,120 Speaker 1: of this? Well, like I said, this is only going 632 00:31:14,200 --> 00:31:17,280 Speaker 1: to continue and it's going to accelerate. And so what 633 00:31:17,320 --> 00:31:19,600 Speaker 1: does that mean for you? Well, it means a couple 634 00:31:19,600 --> 00:31:25,200 Speaker 1: of things. One, it means that the US's influence in 635 00:31:25,200 --> 00:31:28,880 Speaker 1: the world of politics will continue to wane. I think 636 00:31:28,920 --> 00:31:31,440 Speaker 1: that's a given. You already already know that. It also 637 00:31:31,560 --> 00:31:34,560 Speaker 1: means that the US dollar will continue to be used 638 00:31:34,600 --> 00:31:36,600 Speaker 1: less and less in trade. And what happens with that 639 00:31:37,320 --> 00:31:40,680 Speaker 1: is that other nations are going to stop buying US treasuries. 640 00:31:41,120 --> 00:31:43,200 Speaker 1: They don't want to. They don't want to hold their reserves, 641 00:31:43,200 --> 00:31:46,920 Speaker 1: their savings in US dollar treasures anymore, and instead they'd 642 00:31:47,000 --> 00:31:49,800 Speaker 1: rather have the commodities, the real goods and services. And 643 00:31:49,840 --> 00:31:52,640 Speaker 1: so we're seeing this all over. As a matter of fact, 644 00:31:53,000 --> 00:31:55,680 Speaker 1: I put a chart on Twitter the other day. Again, 645 00:31:55,680 --> 00:31:57,080 Speaker 1: if you're not following me on Twitter, check it out 646 00:31:57,120 --> 00:32:00,480 Speaker 1: at one Mark Moss and it shows since two thousand thirteen, 647 00:32:01,160 --> 00:32:05,320 Speaker 1: the amount of central banks purchasing US treasuries has basically 648 00:32:05,400 --> 00:32:08,200 Speaker 1: stayed flat. From twenty thirteen to twenty twenty one was 649 00:32:08,280 --> 00:32:11,920 Speaker 1: basically flat, But since twenty twenty one it has fallen 650 00:32:12,000 --> 00:32:14,640 Speaker 1: off of a cliff. But in the meantime, and in 651 00:32:14,680 --> 00:32:17,040 Speaker 1: the exact same time period since twenty thirteen, the amount 652 00:32:17,040 --> 00:32:20,520 Speaker 1: of central bank purchases of gold have been rising, as 653 00:32:20,520 --> 00:32:24,440 Speaker 1: a matter of fact, have risen quite a bit, and 654 00:32:24,480 --> 00:32:26,600 Speaker 1: so what does that tell us, Well, with central bank 655 00:32:26,640 --> 00:32:32,920 Speaker 1: currencies central demand for US treasuries staying flat but gold 656 00:32:32,960 --> 00:32:35,400 Speaker 1: going up, it shows that these central banks are deciding 657 00:32:35,440 --> 00:32:38,120 Speaker 1: to not hold US treasuries and instead hold something else. 658 00:32:38,120 --> 00:32:40,680 Speaker 1: We've seen that China has cut their supply of US 659 00:32:40,760 --> 00:32:43,959 Speaker 1: treasuries down big time. Even Japan has been cutting its 660 00:32:43,960 --> 00:32:46,760 Speaker 1: supply of US treasuries. And we're seeing nations that would 661 00:32:46,880 --> 00:32:50,640 Speaker 1: rather hold the assets in the ground. Maybe that's part 662 00:32:50,680 --> 00:32:52,880 Speaker 1: of the reason why Opec has cut their oil production. 663 00:32:53,200 --> 00:32:55,280 Speaker 1: They'd rather have the oil in the ground than the 664 00:32:55,320 --> 00:32:58,000 Speaker 1: dollars because they know those dollars will not buy them 665 00:32:58,320 --> 00:33:01,239 Speaker 1: more goods and services in the future. And so this 666 00:33:01,280 --> 00:33:04,200 Speaker 1: is what what's happening now. If they're doing that, then 667 00:33:04,240 --> 00:33:10,000 Speaker 1: what should you be doing. If they're increasing their reserves, 668 00:33:10,040 --> 00:33:13,400 Speaker 1: their savings and commodities and other assets out of the 669 00:33:13,480 --> 00:33:16,880 Speaker 1: US dollars, then you should probably be doing that. Why, Well, 670 00:33:17,120 --> 00:33:20,160 Speaker 1: for the same two reasons. One, what would you expect? Well, 671 00:33:20,160 --> 00:33:23,520 Speaker 1: what we would expect is that we already know that 672 00:33:23,560 --> 00:33:25,920 Speaker 1: the US is spending more than it brings in. As 673 00:33:25,920 --> 00:33:27,960 Speaker 1: a matter of fact, the US is running trillion dollar 674 00:33:28,000 --> 00:33:30,240 Speaker 1: deficits that will probably go to two trillion dollar deficits 675 00:33:30,240 --> 00:33:32,160 Speaker 1: here pretty soon, and that means they have to continue 676 00:33:32,200 --> 00:33:33,880 Speaker 1: to print more money and print more, more money, and 677 00:33:33,920 --> 00:33:36,360 Speaker 1: more money. As they continue to print more money, your 678 00:33:36,400 --> 00:33:38,680 Speaker 1: dollars buy you less goods and services. So this means 679 00:33:38,680 --> 00:33:40,440 Speaker 1: that your dollars will buy you less goods and services 680 00:33:40,440 --> 00:33:44,200 Speaker 1: in the future. So that means inflation. I mean, home 681 00:33:44,240 --> 00:33:45,800 Speaker 1: prices are gonna go up, car prices is gonna go up, 682 00:33:45,800 --> 00:33:47,680 Speaker 1: gasting is gonna go up, steak, milk, cheese, it's all 683 00:33:47,720 --> 00:33:49,560 Speaker 1: going to go up. It's all going to go up. 684 00:33:50,480 --> 00:33:52,719 Speaker 1: So you don't want to save in dollars, You want 685 00:33:52,720 --> 00:33:54,320 Speaker 1: to save in something else, something that will keep up 686 00:33:54,360 --> 00:33:58,720 Speaker 1: with the price of inflation or beat it. Now, as 687 00:33:58,800 --> 00:34:01,400 Speaker 1: they continue to use less and less dollars and they 688 00:34:01,480 --> 00:34:03,920 Speaker 1: buy less US treasuries, that means we have to print 689 00:34:03,960 --> 00:34:06,640 Speaker 1: even more, which means the prices go up even more 690 00:34:06,800 --> 00:34:09,520 Speaker 1: and even faster. And so one thing I would expect 691 00:34:09,600 --> 00:34:12,120 Speaker 1: is I would expect inflation to continue to rage on. 692 00:34:12,400 --> 00:34:16,040 Speaker 1: The FED does not have inflation under control. OPEC just 693 00:34:16,080 --> 00:34:19,399 Speaker 1: made sure the FED doesn't have controlled. OPEC basically took 694 00:34:19,440 --> 00:34:22,040 Speaker 1: away the fed's control. Now, Remember, nothing moves up or 695 00:34:22,080 --> 00:34:24,880 Speaker 1: down in a straight line. So we might see a 696 00:34:24,880 --> 00:34:27,120 Speaker 1: couple more CPI prints PC prints coming out in a 697 00:34:27,200 --> 00:34:29,719 Speaker 1: couple of months that look like it's going down, because 698 00:34:29,760 --> 00:34:31,160 Speaker 1: nothing goes up and down in a straight line. But 699 00:34:31,200 --> 00:34:33,440 Speaker 1: if you zoom out over the next year or two, three, four, 700 00:34:33,600 --> 00:34:39,719 Speaker 1: five years, we're expecting a lot more inflation. The other 701 00:34:39,760 --> 00:34:42,680 Speaker 1: thing that I would expect is I would expect to see, Unfortunately, 702 00:34:42,719 --> 00:34:48,600 Speaker 1: it continued, you know, volatility in geopolitics as well. This 703 00:34:48,640 --> 00:34:52,719 Speaker 1: means more supply chains, supply chain issues and things like that, 704 00:34:53,200 --> 00:34:56,000 Speaker 1: and so we want to be prepared to deal with that. 705 00:34:56,200 --> 00:34:57,400 Speaker 1: A couple of ways that we want to do that 706 00:34:57,800 --> 00:35:01,080 Speaker 1: is one, not only just securing our wealth, investing our 707 00:35:01,120 --> 00:35:02,520 Speaker 1: well so it buys us more goods and services in 708 00:35:02,520 --> 00:35:05,160 Speaker 1: the future, but we also want to secure our freedoms. 709 00:35:06,040 --> 00:35:10,279 Speaker 1: So one we want to think about our communication. We 710 00:35:10,320 --> 00:35:12,680 Speaker 1: can see that all over the world our communications are 711 00:35:12,719 --> 00:35:15,120 Speaker 1: under attack, and so we need to think about how 712 00:35:15,160 --> 00:35:18,040 Speaker 1: can we set up our communications that we can control. 713 00:35:18,320 --> 00:35:21,160 Speaker 1: How can we do that using decentralized communication that works 714 00:35:21,200 --> 00:35:24,879 Speaker 1: like Noster for example. Zion is another one that I'm 715 00:35:24,960 --> 00:35:28,160 Speaker 1: using for example, as we want to do that. Open 716 00:35:28,280 --> 00:35:30,560 Speaker 1: monetary networks of course, like Bitcoin like I was talking 717 00:35:30,560 --> 00:35:33,080 Speaker 1: about before, holding some gold as well, and then holding 718 00:35:33,239 --> 00:35:37,799 Speaker 1: real assets, holding real estate, holding land, holding cattle. It's 719 00:35:37,840 --> 00:35:41,399 Speaker 1: part of the reason why I'm actually recording this. I'm 720 00:35:41,400 --> 00:35:43,200 Speaker 1: coming to you from my ranch in Texas right here. 721 00:35:43,239 --> 00:35:45,440 Speaker 1: I got five cows, I got eight goats. You know, 722 00:35:45,600 --> 00:35:46,960 Speaker 1: most of you guys know, I live on the beach 723 00:35:47,040 --> 00:35:49,279 Speaker 1: most of the time, but I have this ranch just 724 00:35:49,480 --> 00:35:52,759 Speaker 1: in case I might need some of those hard assets. 725 00:35:53,480 --> 00:35:55,919 Speaker 1: And so we're going to continue to see volatility there. 726 00:35:56,880 --> 00:35:59,919 Speaker 1: We'll continue to expect to see higher prices, specifically around 727 00:36:00,080 --> 00:36:04,319 Speaker 1: energy oil. You know, the basically the markets are teel 728 00:36:04,360 --> 00:36:05,960 Speaker 1: is that oil probably about a hundred dollars a barrel 729 00:36:06,040 --> 00:36:08,440 Speaker 1: this summer. So expect for gas prices to go back 730 00:36:08,520 --> 00:36:11,239 Speaker 1: up in a big way, and so you have to 731 00:36:11,280 --> 00:36:16,040 Speaker 1: be able to protect yourself and offset that. Now, ultimately, 732 00:36:16,080 --> 00:36:18,279 Speaker 1: why do you care about this, Well, over the long run, 733 00:36:18,520 --> 00:36:22,359 Speaker 1: this inflation really takes hold, and unfortunately, if the US 734 00:36:22,480 --> 00:36:26,319 Speaker 1: doesn't pivot back pretty quickly here, it's gonna just start 735 00:36:26,320 --> 00:36:29,439 Speaker 1: accelerating and so you're gonna have to take even more 736 00:36:29,680 --> 00:36:32,480 Speaker 1: action to keep your head above water. I think inflation 737 00:36:32,520 --> 00:36:35,240 Speaker 1: can happen so fast it can be like Zimbabwe, where 738 00:36:35,880 --> 00:36:37,840 Speaker 1: you know, the Zimbabwe dollars to be pegged one to 739 00:36:37,880 --> 00:36:40,239 Speaker 1: one with the dollar, but it inflated so fast that 740 00:36:40,280 --> 00:36:44,399 Speaker 1: everybody became a billionaire in Zimbabwe. But it was three 741 00:36:44,440 --> 00:36:47,719 Speaker 1: hundred billion dollars for one single egg. If you're just 742 00:36:47,719 --> 00:36:49,319 Speaker 1: tune in, you're listening to the Mark Ball Show. We've 743 00:36:49,320 --> 00:36:51,880 Speaker 1: been talking about the decentralized revolution, talking about the death 744 00:36:51,920 --> 00:36:54,880 Speaker 1: of the US dollar by a thousand cuts, how OPEC 745 00:36:55,280 --> 00:36:57,560 Speaker 1: is ganging up and just took the power away from 746 00:36:57,600 --> 00:36:59,600 Speaker 1: the FED, and how you should expect higher inflation and 747 00:36:59,600 --> 00:37:01,840 Speaker 1: why shoul do about it. Hopefully enjoyed it. Hit me 748 00:37:01,880 --> 00:37:03,600 Speaker 1: up on social media out one Mark Moss let me know, 749 00:37:03,760 --> 00:37:05,160 Speaker 1: and that's what I got. Thanks for listening.