Speaker 1: Hello, and welcome to another episode of The Mark Moss Show,
Speaker 1: where of course we talk about each and every week
Speaker 1: the decentralized Revolution, talking about the way the world is
Speaker 1: changing right before our very eyes, going from a centrally planned,
Speaker 1: centrally managed world of globalization to a decentralized world where
Speaker 1: every nation is sort of out for themselves. And of
Speaker 1: course when that happens, the way that we communicate, the
Speaker 1: way that we transact all changes, and so we're charting that.
Speaker 1: And you know, I talk about this each and every week,
Speaker 1: and we talked about the signposts that are happening, so
Speaker 1: we can see what's happening, we can understand what we
Speaker 1: need to be doing to protect ourselves and manage ourselves
Speaker 1: through this. And some of these signposts that we see
Speaker 1: are more subtle, right, And it's like lots of people
Speaker 1: ask me, you know on social media, which, by the way,
Speaker 1: if you're not following on social media, should check it out.
Speaker 1: It's just at one Mark Moss. It's the number one
Speaker 1: Mark Moss. But you know, a post of thing talking
Speaker 1: about the pendulum swinging back and how you know globalization
Speaker 1: is ending, and people like Mark, what are you talking about?
Speaker 1: I don't see that happening at all. It seems like
Speaker 1: the world's getting more centralized. So a lot of these
Speaker 1: signs are more subtle. But what we've seen going on
Speaker 1: this last week, maybe last two weeks, is really accelerating.
Speaker 1: It's really accelerating a lot. And so I'm gonna talk
Speaker 1: about that. We're gonna talk about the death of the dollar.
Speaker 1: We're gonna talk about the death of the dollar. Is
Speaker 1: it greatly exaggerated? Is it really happening right now? We're
Speaker 1: gonna talk about that. I'm gonna go and do some
Speaker 1: historical context so you can really understand how this works,
Speaker 1: why this works. Then we're gonna talk about actually what's
Speaker 1: been happening in the last two weeks, d dollarization, how
Speaker 1: our trading partners training against us. Then we're gonna jump
Speaker 1: into what's been backing the dollar for the last fifty
Speaker 1: years and how that is just literally changed right before
Speaker 1: ever eyes. And then ultimately I want to go down
Speaker 1: to like what does all this mean? And why do
Speaker 1: you care? Why should you even pay attention to this?
Speaker 1: What does it mean to you? What should you be
Speaker 1: watching and what should you be doing with this information?
Speaker 1: If anything at all? So I wanna talk about all
Speaker 1: of that. We got a big show coming up. I'm
Speaker 1: gonna have to talk pretty fast year because I've got
Speaker 1: a lot of ground to cover, So we'll go through
Speaker 1: this pretty quickly. But like I said, this is a
Speaker 1: big show and it's a big topic, something that you
Speaker 1: should be concerned with. Now. I want to go back
Speaker 1: into a little bit of historical narrative with you for
Speaker 1: a minute first, And the reason why is because you
Speaker 1: need to kind of understand this from a first principle's level.
Speaker 1: You have to understand this from its most basic concepts.
Speaker 1: You can learn to build and formulate your own ideas
Speaker 1: on top of this, all right, And so the first
Speaker 1: thing you have to understand is that we don't want money.
Speaker 1: We don't care about money. What we want is the
Speaker 1: things that money buys us. And ultimately, money is just
Speaker 1: a way to store our value, to store our labor
Speaker 1: or energy until such a time that we're ready to
Speaker 1: use that. So what we really want is we want
Speaker 1: a new house, a new car, We want to go
Speaker 1: out to dinner, want to want vacation, and money is
Speaker 1: just what allows me to exchange for those things. So
Speaker 1: I don't care if it's a dollar or a rupee
Speaker 1: or a wand, or a gold coin or a bitcoin.
Speaker 1: I don't care about any of that as long as
Speaker 1: what I'm storing my wealth in will continue to buy
Speaker 1: me more goods and service in the future. It's important
Speaker 1: understand that distinction because as we start talking about the
Speaker 1: way that the dollar is changing and different currencies that
Speaker 1: are being used, it's important understand it's only really a
Speaker 1: medium of exchange. You can also be used as a
Speaker 1: store of value as well, but we use lots of
Speaker 1: things to store of value. Now, it's important understand that.
Speaker 1: Another thing I want to talk about, just real quick,
Speaker 1: is a little bit of a history lessons. You can
Speaker 1: understand the way this works. So it's all of economics
Speaker 1: is actually super simple, and I know that a lot
Speaker 1: of people talk about it make it a complex I
Speaker 1: do as well, because it is a complex topic, but
Speaker 1: at the same time it's very simple. Economics always works
Speaker 1: off of the law of scarcity, the supply and demand.
Speaker 1: So if there were if there's more demand then there
Speaker 1: is supply, the price goes up, and the vice versa
Speaker 1: is also true. So for example, if there were five
Speaker 1: houses for sale but only one buyer, the price of
Speaker 1: those homes would have to come down because those home
Speaker 1: sellers are competing for the one buyer. If the opposite
Speaker 1: were true, if there were five buyers but only one
Speaker 1: house for sale, the price of the home would go
Speaker 1: up as those five buyers would now compete for the
Speaker 1: one single house supply and demands. So the reason why
Speaker 1: it's important understand that is because as the supply of
Speaker 1: money increases, which is actually the definition of inflation. If
Speaker 1: you think about inflation, if I was going to inflate
Speaker 1: a balloon, I'm increasing the volume of air. So if
Speaker 1: you inflate the money, you're increasing the volume, You're increasing
Speaker 1: the amount of money. And the problem is is as
Speaker 1: you create more money, that new larger supply money is
Speaker 1: trying to compete or chase the same amount of goods.
Speaker 1: So more demand than there are supply, the price of
Speaker 1: goods goes up. Obviously, now it's important to understand that
Speaker 1: so you can understand in context what's exactly happening in
Speaker 1: the world today with the supply of money, but more importantly,
Speaker 1: with the supply or i should say, the prices of everything.
Speaker 1: And let's go back into a little bit of historical narrative,
Speaker 1: so you can understand this real quick. So if you
Speaker 1: think back to the stories of the of the Roman Empire,
Speaker 1: the greatest empire, the greatest country in history of the world,
Speaker 1: the world's ever known. It covered the entire known world
Speaker 1: at the time. The problem is is as it continue
Speaker 1: to expand that empire, it became very expensive sound familiar.
Speaker 1: And as they continue to expand and to build and
Speaker 1: gain new territory, they had to protect that new territories.
Speaker 1: They had to build outposts, they had to put troops
Speaker 1: out there to defend that. And now they had all
Speaker 1: these people that they took over, so they had to
Speaker 1: give them food and all these things. It became very,
Speaker 1: very expensive to do that. The problem is is that
Speaker 1: at the time silver was money. Their silver coin was money,
Speaker 1: and they needed more money to afford to expand the
Speaker 1: empire to me and to hang on and maintain the
Speaker 1: empire that they had. And so how do they get
Speaker 1: more money. They couldn't just go get a bunch more
Speaker 1: silver out of the ground. So what they did is
Speaker 1: they had this great idea, what we'll do is we'll
Speaker 1: just make our coin. Instead of one hundred percents over,
Speaker 1: we'll make it ninety percents over and by doing that,
Speaker 1: we can increase the amount of money we have by
Speaker 1: ten percent. And so they did, and that worked pretty good.
Speaker 1: So let's do it again, and let's make it eighty
Speaker 1: percents over, and then seventy percents over, and then fifty
Speaker 1: percent over, and then twenty percent over. Over two hundred years,
Speaker 1: they debased the currency by ninety percent. That allowed their
Speaker 1: money supplied to increase. But the problem is it led
Speaker 1: to massive price inflation, and eventually their currency was worthless
Speaker 1: and the Roman Empire fell apart. You know the story, right,
Speaker 1: Roman empires around anymore. And that's why. Now what it
Speaker 1: took the Roman Empire two hundred years to do, the
Speaker 1: United States has managed to do that in only ninety years.
Speaker 1: Say hold my beer, right, we'll see what we can
Speaker 1: do there. Now, I want to bring your attention back
Speaker 1: to one of the historical historical story that's kind of
Speaker 1: recently kind of come back up, and I was reading
Speaker 1: about it, which is the early days of the United
Speaker 1: States in a very similar type of story. In seventeen
Speaker 1: seventy five, during the you know, during the revolutionary period,
Speaker 1: the government needed money in a war. You need money
Speaker 1: typically sounds sounds about right, okay, So in seventeen seventy five,
Speaker 1: Continental Congress at the time issue two million dollars in
Speaker 1: paper money to be created. By the end of seventeen
Speaker 1: seventy six, one year later, twenty five million was in
Speaker 1: circulation from two to twenty five. But what that did
Speaker 1: is then that money, that paper money, which used to
Speaker 1: be redeemable one for one for the silver coins, was
Speaker 1: now at a thirty percent discount relative to silver. So
Speaker 1: because they went from two million to twenty five million
Speaker 1: in circulation, they inflated the money supply. Now it bought
Speaker 1: them thirty percent less silver less goods. One year later,
Speaker 1: by the end of seventy seven, they now had thirty
Speaker 1: eight million in circulation and now was trading at a
Speaker 1: seventy percent discount relative to silver. By the end of
Speaker 1: seventeen seventy nine, which was now four years later, there
Speaker 1: was a hundred and ninety two million in circulation, and
Speaker 1: now the one dollar in paper money was worth only
Speaker 1: about one cents of silver. Now, all this money creation
Speaker 1: made it worth less money, just like their own empire
Speaker 1: and just like we're today now. Was important to love
Speaker 1: the thing at one point, said George Washington, who was
Speaker 1: the commander of the Continent Army remarked that a wagon
Speaker 1: load of money wouldn't buy a wagon load of provisions anymore,
Speaker 1: And in October of seventeen seventy nine, just four years later,
Speaker 1: Continental Congress requested no more money from the States. They
Speaker 1: didn't want the money that they had created. Now, what
Speaker 1: they wanted was actual supplies such as corn, such as wheat,
Speaker 1: such as hey and oats. So they inflated the money
Speaker 1: supply so fast and so big that it wasn't worth anything.
Speaker 1: It wouldn't buy them the goods and services they want anymore.
Speaker 1: And it got to the point where four years later
Speaker 1: the government itself, Continental Congress said, no more money. We
Speaker 1: don't want money from the States. We want the actual supplies.
Speaker 1: Does that sound familiar. That's exactly where we're in. We're
Speaker 1: seeing the United States dollar follow the exact same path
Speaker 1: as its predecessor of the Continental dollar, and the exact
Speaker 1: same path that the Roman inn Aias silver coin had.
Speaker 1: Print a bunch of money, it continues to buy you
Speaker 1: less and less and less good services until nobody wants
Speaker 1: is anymore. And that's exactly the path that we're in.
Speaker 1: If you're just tuning and listen to the Mark mo Show.
Speaker 1: I'm gonna take a very quick break. We're gonna come
Speaker 1: back to talk about the death of the dollar, what
Speaker 1: happened with the oil, and so much more. I'll be
Speaker 1: back with all that a minute. Don't go away, I'll
Speaker 1: be were back. All right, Welcome back. If you're just
Speaker 1: tuning in, you're listening to the Mark Moa Show. We're
Speaker 1: talking about the death of the US dollar. Greatly exaggerated.
Speaker 1: What's going on with US dollar now? It's been all
Speaker 1: over the news. You've been seeing on CNN, You've seen
Speaker 1: it on Fox, You're seen it everywhere. The dollars days
Speaker 1: are over, everyone starts stopping to use the dollar. And
Speaker 1: there's a lot of truth to that, and then maybe
Speaker 1: a lot of it might be over exaggerated, and there
Speaker 1: might be a lot of fiction in that. And so
Speaker 1: I want to bring some fact back to this so
Speaker 1: you can kind of understand this week, I should say
Speaker 1: I saw a CNN do a video about it. I
Speaker 1: saw Tucker Carlson do a video on it. And while
Speaker 1: it certainly makes for good media, it's a little bit overhyped.
Speaker 1: Talk about this now, what is actually happening? Well, What
Speaker 1: is actually happening is the dollar is being dropped all
Speaker 1: around the world. And the reason why is back to
Speaker 1: what we talked about in the first segment, is when
Speaker 1: you continue to print more dollars, they buy you less
Speaker 1: and less in goods and services. Also, what really, in
Speaker 1: my opinion, were not my opinion. I believe this is fact.
Speaker 1: What really exaggerated this was not just that the dollar
Speaker 1: is buying less goods and services in the future. The
Speaker 1: dollar has been weaponized against these countries. And so when
Speaker 1: the US seized Russia's bank account, when the whole world
Speaker 1: saw the Canadians bank accounts get seized because they donated
Speaker 1: twenty five dollars to go fund Me. But more importantly,
Speaker 1: when Russia had their bank account seas, the whole world realized, shoot,
Speaker 1: there's no rule of law anymore. There's no such thing
Speaker 1: as like due process anymore. And what I think is
Speaker 1: my property, my money, isn't. As a matter of fact,
Speaker 1: the government can just take it from any time they want.
Speaker 1: And if it can happen to Russia, which is one
Speaker 1: of three global superpowers with nuclear webs, if it can
Speaker 1: happen to them, it can happen to anybody. It can
Speaker 1: certainly happened to meet in any other nation will as well.
Speaker 1: So two things. One, the rapid increase of money, supply
Speaker 1: of dollars means it's buying less and less and good services,
Speaker 1: so they don't want to hold it. But second of all,
Speaker 1: they don't want to hold it because they knew it
Speaker 1: could just be seized at any given time. And so
Speaker 1: the world has already been on a path of what's
Speaker 1: called de dollarization. So China really announced this back in
Speaker 1: twenty thirteen. Russia has been de dollarizing. China's been de
Speaker 1: dollarizing knowing that this day was going to come. In
Speaker 1: my opinion, now when it happened to Russia, China took
Speaker 1: extra measures to really start to speed up de dollarization.
Speaker 1: But what's been all over the news headlines in the
Speaker 1: last week or two is that the rest of the
Speaker 1: world is all following suit. Now, as a matter of fact,
Speaker 1: it's like the world is dropping the dollar like a
Speaker 1: bad habit. Now there's been news headlines everywhere the bricks nations,
Speaker 1: which is Brazil, Russia, India, China, and South Africa. But
Speaker 1: now there's a whole other group of nations that are
Speaker 1: joining in the bricks nations, they're all going to start
Speaker 1: a new currency to replace the dollar potentially. We see
Speaker 1: that China and Russia are working on an alternative payment system,
Speaker 1: an alternative to Swift. So if you don't know what
Speaker 1: Swift is, I'm sure you do. If you if you
Speaker 1: ever sent a wire transfer, you know Swift like a
Speaker 1: Swift coade and Swift is the network, the US dollar
Speaker 1: payment network that allows you to send dollars anywhere in
Speaker 1: the world. And so if you want to send money
Speaker 1: anywhere in the world, just to use a Swift system.
Speaker 1: But if the US can control that and block you out,
Speaker 1: they need to build a new alternative. So China, Russi
Speaker 1: are doing that. We saw that Malaysia and India are
Speaker 1: now doing trade outside the dollar, and they're doing trade
Speaker 1: where it's where it's actually settled in their own currencies,
Speaker 1: not the dollar at all. We're seeing now in Russia
Speaker 1: the most traded currency in Russia now is the Chinese yuan,
Speaker 1: which again they were kicked out of the dollars, so
Speaker 1: they really had no choice. We saw Brazil and China
Speaker 1: are now settling their trade in yuan, not dollars, and
Speaker 1: so this is a big deal. Now, this is the
Speaker 1: death of a thousand cuts, if you will. These are
Speaker 1: all little things that are happening that are just ultimately
Speaker 1: speeding us down this path where the dollar just loses
Speaker 1: all of its power. Now, as this is rapidly happening,
Speaker 1: like I said, we're seeing the rise of these bricks nations.
Speaker 1: It's important to understand that kind of back what I
Speaker 1: said in the first segment is that remember, we don't
Speaker 1: want money. What we want is the things that money
Speaker 1: buys us. And what are the things that we need
Speaker 1: money to buy us? Well, we need the most important
Speaker 1: things in life if we want to stay alive, which
Speaker 1: is food and energy. We need food and energy, right,
Speaker 1: So the bricks nations produce the things that we actually need.
Speaker 1: They produce food and energy. Russia, which is the r
Speaker 1: and bricks, is the world's number one exporter. I believe
Speaker 1: Brazil is the second largest exporter, or maybe just the
Speaker 1: largest exporter in this hemisphere. And they export actual goods
Speaker 1: and services, actual goods, I should say, so. They produce
Speaker 1: food like wheat and corn. They produce metals like nickel
Speaker 1: and lithium, They produce fertilizer to grow the food. They
Speaker 1: produce real things, energy, like oil and natural gas, and
Speaker 1: they ship this to the rest of the world. What
Speaker 1: does the US export? Us exports dollars. And as long
Speaker 1: as those dollars have been in demand, it's worked out
Speaker 1: really well. But as these nations are d dollarizing, the
Speaker 1: demand for the dollar is falling very fast. Now what
Speaker 1: else does the US export? Will the US exports financial services?
Speaker 1: So we have the largest financial markets in the world.
Speaker 1: So our traders in the US are trading complex derivative contracts. Okay,
Speaker 1: does India or Iran or Malaisia do they care about
Speaker 1: our derivatives contract No, they want natural gas, they want oil.
Speaker 1: What else does the US export? Will we export? Services?
Speaker 1: Like social media? We have the Facebook stocks, the Apple, Netflix, Google,
Speaker 1: and actually Putin called us out on that as we try,
Speaker 1: as I should say not we, as the US government,
Speaker 1: try to punish Russia and said, you know, we're going
Speaker 1: to crush your bank acouts, et cetera. Russia's fine because
Speaker 1: they're continuing to produce the goods and services that the
Speaker 1: world wants. And Putin called called out the United States.
Speaker 1: He said, what are you guys going to do? Live
Speaker 1: off of each your social media stocks? Like that's what
Speaker 1: we have, that's what we produce. But the bricks are
Speaker 1: all trading in other currencies. They're trading in their own
Speaker 1: Now it's important to understand that while the US is
Speaker 1: definitely losing trust, and not not just because they're printing
Speaker 1: more dollars, but because they seize Russia's bank account, these
Speaker 1: nations don't trust China either. They probably even as even
Speaker 1: as much trust has been damaged with the US dollar,
Speaker 1: there's probably still more trusted in the US dollar than
Speaker 1: there is in China. And none of these countries, the bricks,
Speaker 1: this coalition that they formed, none of them trust anybody.
Speaker 1: So what they're willing to do is they're all wanting
Speaker 1: to trade in their own current sees. So we saw
Speaker 1: this week India ditches the US dollar to trade in
Speaker 1: rupees for example. We see that China and Malaysia are
Speaker 1: now discussing a new fund called Asian Monetary Fund to
Speaker 1: reduce dependence on the US dollar. We saw China and
Speaker 1: Brazil recently struck a deal to ditch the US dollar
Speaker 1: in favor of their own currencies. Now this is a
Speaker 1: pretty big deal because Russia, as I'm sorry Brazil, has
Speaker 1: been one of the US's you know what we would
Speaker 1: call friendlies. They're one of the largest commodity exporters in
Speaker 1: the world. The US needs Brazil as the world continues
Speaker 1: to decentralize deglobalize. The US needs Brazil needs South America
Speaker 1: in its orbit. But we've done a lot to destabilize
Speaker 1: that relationship. And now here's China and Brazil getting cozy cozy,
Speaker 1: and now they're decided to do trade in financial transactions,
Speaker 1: exchanging in Chinese yuan for real, without converting to the dollar.
Speaker 1: We saw. Kenya in Africa now says that they're going
Speaker 1: to buy oil using local current see instead of US dollars.
Speaker 1: Kenyan President William Rudaus signed an agreement with Audi Arabia
Speaker 1: to buy oil for Kenyan shillings instead of US dollars.
Speaker 1: Russia is calling on these bricks nations to explore trading
Speaker 1: in new currencies. Now, I don't believe they're gonna be
Speaker 1: able to find a new reserve currency. I don't think
Speaker 1: that this way it's going to work. I see a
Speaker 1: decentralized world. So I'm gonna explain to you what that means.
Speaker 1: What does a decentralized world mean? How do we move
Speaker 1: forward when one of these none of these nations trust
Speaker 1: the US, and they don't trust each other. We're gonna
Speaker 1: talk about that. We're gonna talk about these thousand cuts,
Speaker 1: But more importantly, I want to talk about the death
Speaker 1: blow that just came across this week that's really, really big.
Speaker 1: And then ultimately I want to explain to you what
Speaker 1: does all this mean? Why do you even care? Why
Speaker 1: should you even pay attention to this? What should you
Speaker 1: be watching? And more importantly, what should you be doing
Speaker 1: with this information. I'm going to cover all of that.
Speaker 1: It's a big show coming up. If you're just tuning
Speaker 1: in and you're listening to the Mark Moss Show, I
Speaker 1: gotta take a quick break and be back with more
Speaker 1: about the dollar and oil and all that's good stuff.
Speaker 1: I'm back in a second. Don't go away, all right,
Speaker 1: Welcome back. If you're just tune in, you're listening to
Speaker 1: the Mark Moss Show. Of course, we always talk about
Speaker 1: the decentralized revolution. Boy are we talking about that today?
Speaker 1: We're talking about how the world is breaking apart the
Speaker 1: US globals what we call homogeney, the US dollar, the
Speaker 1: US as a country's global dominance as well as their
Speaker 1: dominance imposed by the US dollar is falling, and it's
Speaker 1: falling fast. However, it's not quite as sensational as Tucker
Speaker 1: Carlson and CNN are trying to make it out to be.
Speaker 1: It is happening, yes, and it is a big thing
Speaker 1: to be a pay attention to do, yes, but it's
Speaker 1: more like a death by a thousand cuts. So, like
Speaker 1: I said, all these other countries are starting to do
Speaker 1: trade outside of the US dollar, but so far it's
Speaker 1: again it's a slow, slow, slow bleed bleed out. But
Speaker 1: something really big did happen this week. And this is
Speaker 1: a big deal for a lot of reasons. So for
Speaker 1: quick history in the United States, you probably already know this,
Speaker 1: but just super real fast, just to go through it
Speaker 1: up until you know. The US dollar took over the
Speaker 1: reserve currency status of the world from the pounds sterling.
Speaker 1: During World War One and two. England printed way too
Speaker 1: much money to fight their World wars and devalued debased
Speaker 1: their currency. The US didn't want their currency because it
Speaker 1: was continue to be devalued, and so the US demanded gold.
Speaker 1: Over the course of those two wars, the US brought
Speaker 1: in more gold than any other nation. At some point,
Speaker 1: the United States had about two thirds of all the
Speaker 1: gold in the world was in the US, and so
Speaker 1: then under nineteen forty four the Breton Woods Agreement, the
Speaker 1: world agreed that the US dollar would be the reserve
Speaker 1: currency the world would be backed by gold. So thirty
Speaker 1: five dollars was dampable before announced gold. Any nation of
Speaker 1: the world could redeem their dollars for gold whenever they wanted.
Speaker 1: All right, nineteen seventy one, the world was well, not
Speaker 1: just ninety seventy one. Leading up to that, the US
Speaker 1: kept printing more dollars, sort of like we talked about
Speaker 1: in the first segment, how the continental dollars. So they
Speaker 1: printed so many continental dollars, and in this case they
Speaker 1: printed so many dollars. The nations of the world realized
Speaker 1: this and they said, look, we don't want yours dollars anymore,
Speaker 1: and since they're redeemable for gold, we want the gold.
Speaker 1: And so all these nations were redeeming for gold old,
Speaker 1: over and over and over. Finally the US was over there.
Speaker 1: They probably ran out of gold. The gold suppli has
Speaker 1: never been audited since then, so we don't know if
Speaker 1: there's any gold left. But basically these nations were demanding
Speaker 1: their gold and a nine seventy one President Richard Nixon
Speaker 1: said enough, I'm closing the gold window. You could no
Speaker 1: longer redeem any of those dollars for gold anymore. Now
Speaker 1: that's a pretty big deal. A lot of people haven't
Speaker 1: really talked about that in depth. It's a big deal
Speaker 1: because basically, the US defaulted on its obligations. The world
Speaker 1: had made an agreement with the United States under Breton
Speaker 1: Woods Agreement, that they would use dollars, but they could
Speaker 1: be even for golden time they wanted, and the US
Speaker 1: just broke that agreement. Now, why would the world continue
Speaker 1: to use dollars after that happened. Well, it's a good question,
Speaker 1: and the answer is they wouldn't. So in nineteen seventy four,
Speaker 1: a new deal was made with Saudi Arabia to back
Speaker 1: the dollars with oil what's called it was known as
Speaker 1: the Petro dollar. Now that's a big deal. The agreement
Speaker 1: was that basically Saudi Arabia would always price oil in
Speaker 1: dollars so that there would always be demand for dollars
Speaker 1: in exchange. The US would always have Saudi Arabia's back,
Speaker 1: our military would protect them. So they've been our trading partner.
Speaker 1: They've been key in keeping the US dollars dominance for
Speaker 1: the last fifty years, and that's been a big deal,
Speaker 1: except for President Biden came in on a campaign saying
Speaker 1: that he was going to put them in their place.
Speaker 1: He was going to push back on them, he was
Speaker 1: going to take this thug of a kingdom and check
Speaker 1: them and put them in their place. At the same time,
Speaker 1: as Biden went on this rampage to destroy relations with
Speaker 1: Saudi Arabia, he also went on a binge to destroy
Speaker 1: our oil output in the United States, which is pretty weird.
Speaker 1: You would think if you're going to destroy your relationship
Speaker 1: with an oil producing nation that we depend on, you
Speaker 1: would try to increase your oil supply so we could
Speaker 1: offset the damage that would cause. But of course that's
Speaker 1: not what President Biden would do. He would destroy our
Speaker 1: oil producing nation partner and destroy our own oil economy
Speaker 1: at the same time. But basically it's a big deal
Speaker 1: because as this has continued to break down, then we saw,
Speaker 1: you know, inflation, this is a key piece here. We
Speaker 1: saw inflation running rampant. Now, inflation in this case being
Speaker 1: the prices of goods and services were going through the roof.
Speaker 1: And this is mainly being driven by energy prices going up.
Speaker 1: The price of oil and natural gas went through the roof.
Speaker 1: And when the price of energy goes up, the price
Speaker 1: of everything goes up because everything requires energy. So what
Speaker 1: is the US president, President Biden and the Federal Reserve
Speaker 1: going to do. Well, they need to bring prices back down.
Speaker 1: So Biden starts releasing oil from our Strategic Petroleum Reserve.
Speaker 1: So again, supply and demand. If the price is too high,
Speaker 1: well let's increase the supply now. Instead of increasing the
Speaker 1: supply like he should have done, which is like, hey,
Speaker 1: oil producers in the US, produce more oil. That would
Speaker 1: have been the smart thing. Instead, he said, let's just
Speaker 1: drain our savings account. It's sort of like, you know,
Speaker 1: let's say that you lost your job, and instead of
Speaker 1: just going, hey, I should probably go get another job
Speaker 1: and produce my own and you know, create wealth, produce
Speaker 1: more income, let's just drain our savings account. And that's
Speaker 1: basically what he did, and so we've been we've been
Speaker 1: doing that. Of course, Biden, in addition to draining our
Speaker 1: oil supply, begged the world to produce more oil, begged
Speaker 1: Saudi Arabia to produce more oil, begged Venezuela to produce
Speaker 1: more oil. He tried to get a meeting with Saudi
Speaker 1: Arabia and they didn't want him to come. They denied him,
Speaker 1: which of course they would after he said all those
Speaker 1: mean things about him. Finally they let him come over.
Speaker 1: And I think this was a very key moment is
Speaker 1: when President Biden finally went to go meet with there
Speaker 1: with the King Mohammed Ben Salmon MBS as he's referred to.
Speaker 1: There's a famous picture. It was a it was an
Speaker 1: embarrassing picture where basically Biden and MBS are doing a
Speaker 1: fist pump. Now, you know, a fist bump is maybe
Speaker 1: something you do with like one of your boys when
Speaker 1: you see him real quick, and it's kind of like
Speaker 1: done in done in jest or in fun. But if
Speaker 1: you're particularly a man, but anybody and you're gonna do
Speaker 1: a serious deal, you're gonna do a business, you're gonna
Speaker 1: shake a hand. And so I think that was kind
Speaker 1: of the shot heard around the world. And even worse
Speaker 1: that really seem into this was that then we saw
Speaker 1: President g from China over there shaking hands. That's the
Speaker 1: way it's done now. So this has continue to curate
Speaker 1: this relationship with Saudi Arabia. And the big thing was
Speaker 1: is that this week Saudi Arabia came out and said
Speaker 1: that they no longer care about the United States. They
Speaker 1: no longer care what the United States thanks, and Saudi
Speaker 1: Arabia and the rest of the oil produced nations over there,
Speaker 1: collectively known as OPEC plus agreed that they are going
Speaker 1: to slash supply by one point six million barrels a
Speaker 1: day now as the Biden administration, as the Federal Reserve
Speaker 1: is on a campaign to crush inflation bring prices down.
Speaker 1: They're doing that by crushing demand. If they make you
Speaker 1: bro by crushing your retirement account and crushing your home,
Speaker 1: making you lose your job. If they make you broke,
Speaker 1: then you won't buy as much, you won't order Amazon anymore,
Speaker 1: you won't go onification. Then your energy supply will be
Speaker 1: less or demand will be less. And so if they
Speaker 1: can crush the demand for oil, then they could somehow
Speaker 1: bring inflation down. But OPEC says, we see what you're doing,
Speaker 1: So here's what we're gonna do. You want to crush demand, fine,
Speaker 1: we'll just shut off supply. See two can play that game,
Speaker 1: and that's exactly what they did. So OPEC this agreed
Speaker 1: to cut restriction back by one point six million barrels
Speaker 1: a day. That's a big deal. Now, of course this
Speaker 1: starts next month through the end of this year. Of course,
Speaker 1: that happens right in the middle of summer, when demand
Speaker 1: for energy goes through the roof. What is that going
Speaker 1: to do to inflation for this summer? So while the
Speaker 1: Fed's trying everything you can to cut inflation, OPEC just
Speaker 1: chopped them at the knees. Now, the FED can continue
Speaker 1: to fight inflation by raising rates. But as we've already
Speaker 1: talked about in other episodes, as they can do to
Speaker 1: raise rates, they made the FED broke, then they made
Speaker 1: the US government the Treasury broke, and now they broke
Speaker 1: the banks. Now we're seeing the banks collapse. So they're
Speaker 1: going to keep raising rates to fight off inflation. But
Speaker 1: as they continue to raise rates, they're going to continue
Speaker 1: to bankrupt themselves, the treasury and the banks. And they're
Speaker 1: not going to have any dent in oil because OPEX
Speaker 1: says work's going to keep cutting supply, then what are
Speaker 1: we gonna do. It's a pretty big deal. Now, on
Speaker 1: top of that, Saudi Arabia has now in bed with China.
Speaker 1: Saudi Arabia now says they're going to adopt economic strategy
Speaker 1: without US dependence. They said that they're now going to
Speaker 1: cut oil production. They're now partnering with China to build
Speaker 1: Chinese oil refineries. They entered a trade alliance with China, Russia, India,
Speaker 1: Pakistan and four Central Asian nations to step away from
Speaker 1: the US dollar. They partnered with India to create an
Speaker 1: investment bridge, emphasizing greater economic interconnectedness. I mean, this is
Speaker 1: a really big deal. Now, if you're just tuning in,
Speaker 1: you're listening to the Markmas Show, we're talking about the
Speaker 1: death of the dollar. We're talking about the death of
Speaker 1: the petro dollar. And I want to talk about, now,
Speaker 1: what does all this mean to you? What should you
Speaker 1: be watching? What should be doing about this? Because you
Speaker 1: gotta do something. If you just sit back sitting in
Speaker 1: your hand, it's not gonna work out well for you.
Speaker 1: So I'm gonna be back, I take a quick break,
Speaker 1: I'm wanna come back. I'm gonna tell you that what
Speaker 1: should be watching? What should you be doing? Why do
Speaker 1: you care about this? So I'm gonna cover all that
Speaker 1: when I come back, and more in a minute. If
Speaker 1: you're just tuning and you listening to the markmas Show,
Speaker 1: don't go away. You definitely don't want to miss this
Speaker 1: last section. I'll be right back, all right, welcome back.
Speaker 1: If you're just tune, you're listening to the Mark Moas Show.
Speaker 1: We're talking about, of course he should ever waked the
Speaker 1: decentralized revolution, and we are talking about today specifically, yes,
Speaker 1: the decentralized revolution. We're talking about the way the world
Speaker 1: is literally breaking apart as the US as a nation
Speaker 1: continues to lose its dominance, and the US dollar as
Speaker 1: the reserve currency of the world continues to lose its
Speaker 1: dollar dominance. And so I've gone through a lot. You know,
Speaker 1: we went through history lessons, We went through the reduction
Speaker 1: of using the dollar as a currency. We just went
Speaker 1: through the destruction of the US dollars backing in oil
Speaker 1: and the OPEC nations. If you missed any of this,
Speaker 1: don't worry. I got you back. Just you can search
Speaker 1: it on your favorite podcast player, just search the Mark
Speaker 1: Moss Show and your favorite podcast player. Or you can
Speaker 1: check it out on YouTube and just search Market Disruptors
Speaker 1: on YouTube and you'll find all these on it. You
Speaker 1: can watch me and listen to me at the same time. Also,
Speaker 1: if you're on social media, I'd love to hear from you.
Speaker 1: Just ask me any questions, shout me out, tell me
Speaker 1: that you you heard the show. You can find me
Speaker 1: on social media at one Mark Moss at one Mark Moss.
Speaker 1: That's just the number one now. Also, I do want
Speaker 1: to say, um I you know, I speak around the
Speaker 1: country quite a bit. I'm going to be speaking at
Speaker 1: the Bitcoin conference that's coming up here next month. That's
Speaker 1: a pretty big deal for you to be paying attention
Speaker 1: to because as the US dollar loses dominance, there's not
Speaker 1: going to be another single reserve currency. In my opinion,
Speaker 1: there's there's no global power to come and unilaterally from
Speaker 1: on high you say this is the new reserve currency.
Speaker 1: It's not the way it works. All of these nations,
Speaker 1: these new trade alliances, are trying to come up with
Speaker 1: their own currency, their own monetary system, but now never
Speaker 1: going to trust each other. So that's why they're all
Speaker 1: want to trade in their own currencies. And he wants
Speaker 1: to trade in the rupee, Brazil wants to trade in
Speaker 1: the real China wants to trade the Nuuan, and so
Speaker 1: we're going to continue to see the monetary system decentralize. Ultimately,
Speaker 1: none of them are going to trust each other, so
Speaker 1: some are going to argue to go back to gold.
Speaker 1: The problem with gold is it doesn't work in the
Speaker 1: information age. Now I light gold, I hold gold. I
Speaker 1: think you should own some gold, But it doesn't work
Speaker 1: in the information age. And that's why I think bitcoin
Speaker 1: is what will ultimately take over, because it's something that
Speaker 1: is what we call trust lists. That means you don't
Speaker 1: have to trust bitcoin. You don't have to trust the
Speaker 1: other person. There's no counterparty to that. So in a
Speaker 1: gold back system, I have to trust that whoever's holding
Speaker 1: the gold in their vault really has the gold in
Speaker 1: their vaults. And if I'm trusting the US dollar or
Speaker 1: the Chinese yuan, I have to trust that won't seize
Speaker 1: my bank accounts. With bitcoin, nobody controls the network and
Speaker 1: so there is no trust that's required with bitcoin. Now
Speaker 1: you may not trust it because it's, you know, brand
Speaker 1: new technology. You don't understand it, and I get that
Speaker 1: most of the world doesn't, but it's it's growing, it's
Speaker 1: growing really fast. As a matter of fact, the bitcoin
Speaker 1: conference has gone from like fifteen hundred people few years
Speaker 1: ago to like thirty thousand people this year. Like I said,
Speaker 1: I'll be speaking. If you want to come hang out
Speaker 1: with me, I have a special deal for you. You
Speaker 1: can get a ten percent discount off of your tickets
Speaker 1: if you use code Mark Moss at Checkout ten percent
Speaker 1: off and just go to their website Bitcoin Conferences, Google
Speaker 1: that and just use Mark Moss get ten percent off.
Speaker 1: And if you use my discount code and send me
Speaker 1: a message on social media or on email, then I
Speaker 1: am organizing a special get together with just people from
Speaker 1: my community. And so if you'd like to come hang
Speaker 1: out with me and a couple other like minded people
Speaker 1: in the community, get ten percent off the discount using
Speaker 1: that discount code Mark Moss, send me ms in social
Speaker 1: media or email me let me know you bought it
Speaker 1: with that code, and I'm going to have a special
Speaker 1: event for you. Now getting back to this, why do
Speaker 1: you care about all this? What's going to happen because
Speaker 1: of this? Well, like I said, this is only going
Speaker 1: to continue and it's going to accelerate. And so what
Speaker 1: does that mean for you? Well, it means a couple
Speaker 1: of things. One, it means that the US's influence in
Speaker 1: the world of politics will continue to wane. I think
Speaker 1: that's a given. You already already know that. It also
Speaker 1: means that the US dollar will continue to be used
Speaker 1: less and less in trade. And what happens with that
Speaker 1: is that other nations are going to stop buying US treasuries.
Speaker 1: They don't want to. They don't want to hold their reserves,
Speaker 1: their savings in US dollar treasures anymore, and instead they'd
Speaker 1: rather have the commodities, the real goods and services. And
Speaker 1: so we're seeing this all over. As a matter of fact,
Speaker 1: I put a chart on Twitter the other day. Again,
Speaker 1: if you're not following me on Twitter, check it out
Speaker 1: at one Mark Moss and it shows since two thousand thirteen,
Speaker 1: the amount of central banks purchasing US treasuries has basically
Speaker 1: stayed flat. From twenty thirteen to twenty twenty one was
Speaker 1: basically flat, But since twenty twenty one it has fallen
Speaker 1: off of a cliff. But in the meantime, and in
Speaker 1: the exact same time period since twenty thirteen, the amount
Speaker 1: of central bank purchases of gold have been rising, as
Speaker 1: a matter of fact, have risen quite a bit, and
Speaker 1: so what does that tell us, Well, with central bank
Speaker 1: currencies central demand for US treasuries staying flat but gold
Speaker 1: going up, it shows that these central banks are deciding
Speaker 1: to not hold US treasuries and instead hold something else.
Speaker 1: We've seen that China has cut their supply of US
Speaker 1: treasuries down big time. Even Japan has been cutting its
Speaker 1: supply of US treasuries. And we're seeing nations that would
Speaker 1: rather hold the assets in the ground. Maybe that's part
Speaker 1: of the reason why Opec has cut their oil production.
Speaker 1: They'd rather have the oil in the ground than the
Speaker 1: dollars because they know those dollars will not buy them
Speaker 1: more goods and services in the future. And so this
Speaker 1: is what what's happening now. If they're doing that, then
Speaker 1: what should you be doing. If they're increasing their reserves,
Speaker 1: their savings and commodities and other assets out of the
Speaker 1: US dollars, then you should probably be doing that. Why, Well,
Speaker 1: for the same two reasons. One, what would you expect? Well,
Speaker 1: what we would expect is that we already know that
Speaker 1: the US is spending more than it brings in. As
Speaker 1: a matter of fact, the US is running trillion dollar
Speaker 1: deficits that will probably go to two trillion dollar deficits
Speaker 1: here pretty soon, and that means they have to continue
Speaker 1: to print more money and print more, more money, and
Speaker 1: more money. As they continue to print more money, your
Speaker 1: dollars buy you less goods and services. So this means
Speaker 1: that your dollars will buy you less goods and services
Speaker 1: in the future. So that means inflation. I mean, home
Speaker 1: prices are gonna go up, car prices is gonna go up,
Speaker 1: gasting is gonna go up, steak, milk, cheese, it's all
Speaker 1: going to go up. It's all going to go up.
Speaker 1: So you don't want to save in dollars, You want
Speaker 1: to save in something else, something that will keep up
Speaker 1: with the price of inflation or beat it. Now, as
Speaker 1: they continue to use less and less dollars and they
Speaker 1: buy less US treasuries, that means we have to print
Speaker 1: even more, which means the prices go up even more
Speaker 1: and even faster. And so one thing I would expect
Speaker 1: is I would expect inflation to continue to rage on.
Speaker 1: The FED does not have inflation under control. OPEC just
Speaker 1: made sure the FED doesn't have controlled. OPEC basically took
Speaker 1: away the fed's control. Now, Remember, nothing moves up or
Speaker 1: down in a straight line. So we might see a
Speaker 1: couple more CPI prints PC prints coming out in a
Speaker 1: couple of months that look like it's going down, because
Speaker 1: nothing goes up and down in a straight line. But
Speaker 1: if you zoom out over the next year or two, three, four,
Speaker 1: five years, we're expecting a lot more inflation. The other
Speaker 1: thing that I would expect is I would expect to see, Unfortunately,
Speaker 1: it continued, you know, volatility in geopolitics as well. This
Speaker 1: means more supply chains, supply chain issues and things like that,
Speaker 1: and so we want to be prepared to deal with that.
Speaker 1: A couple of ways that we want to do that
Speaker 1: is one, not only just securing our wealth, investing our
Speaker 1: well so it buys us more goods and services in
Speaker 1: the future, but we also want to secure our freedoms.
Speaker 1: So one we want to think about our communication. We
Speaker 1: can see that all over the world our communications are
Speaker 1: under attack, and so we need to think about how
Speaker 1: can we set up our communications that we can control.
Speaker 1: How can we do that using decentralized communication that works
Speaker 1: like Noster for example. Zion is another one that I'm
Speaker 1: using for example, as we want to do that. Open
Speaker 1: monetary networks of course, like Bitcoin like I was talking
Speaker 1: about before, holding some gold as well, and then holding
Speaker 1: real assets, holding real estate, holding land, holding cattle. It's
Speaker 1: part of the reason why I'm actually recording this. I'm
Speaker 1: coming to you from my ranch in Texas right here.
Speaker 1: I got five cows, I got eight goats. You know,
Speaker 1: most of you guys know, I live on the beach
Speaker 1: most of the time, but I have this ranch just
Speaker 1: in case I might need some of those hard assets.
Speaker 1: And so we're going to continue to see volatility there.
Speaker 1: We'll continue to expect to see higher prices, specifically around
Speaker 1: energy oil. You know, the basically the markets are teel
Speaker 1: is that oil probably about a hundred dollars a barrel
Speaker 1: this summer. So expect for gas prices to go back
Speaker 1: up in a big way, and so you have to
Speaker 1: be able to protect yourself and offset that. Now, ultimately,
Speaker 1: why do you care about this, Well, over the long run,
Speaker 1: this inflation really takes hold, and unfortunately, if the US
Speaker 1: doesn't pivot back pretty quickly here, it's gonna just start
Speaker 1: accelerating and so you're gonna have to take even more
Speaker 1: action to keep your head above water. I think inflation
Speaker 1: can happen so fast it can be like Zimbabwe, where
Speaker 1: you know, the Zimbabwe dollars to be pegged one to
Speaker 1: one with the dollar, but it inflated so fast that
Speaker 1: everybody became a billionaire in Zimbabwe. But it was three
Speaker 1: hundred billion dollars for one single egg. If you're just
Speaker 1: tune in, you're listening to the Mark Ball Show. We've
Speaker 1: been talking about the decentralized revolution, talking about the death
Speaker 1: of the US dollar by a thousand cuts, how OPEC
Speaker 1: is ganging up and just took the power away from
Speaker 1: the FED, and how you should expect higher inflation and
Speaker 1: why shoul do about it. Hopefully enjoyed it. Hit me
Speaker 1: up on social media out one Mark Moss let me know,
Speaker 1: and that's what I got. Thanks for listening.