WEBVTT - The Mark Moss Show Oct 04, 2021 0:00:00.040 --> 0:00:02.080 All right, I'm just gonna welcome you guys real quick. 0:00:02.120 --> 0:00:05.720 You are listening to the brand new Mark Moss Show, 0:00:06.000 --> 0:00:07.880 where I am going to take you through the world 0:00:07.960 --> 0:00:12.800 of bitcoin, cryptocurrencies, this new system, the new financial system, 0:00:12.880 --> 0:00:15.040 but even bigger than that. I'm gonna take you through 0:00:15.040 --> 0:00:18.040 that each and every week into what I believe is 0:00:18.200 --> 0:00:23.040 what I would call the biggest, the largest, a symmetric 0:00:23.239 --> 0:00:26.880 opportunity that you'll ever see in your lifetime, that probably 0:00:26.880 --> 0:00:29.440 several generations will ever see in their lifetime. Now, what 0:00:29.520 --> 0:00:35.279 does that mean A symmetric opportunity, Well, investors, real investors 0:00:35.320 --> 0:00:38.120 are looking for things they call a symmetric opportunities and 0:00:38.120 --> 0:00:41.559 that means that it has more upside than downside. Right, 0:00:41.680 --> 0:00:44.279 so symmetric would be there the same. We don't want that. 0:00:44.600 --> 0:00:47.760 I want more reward than the potential risk that I'm 0:00:47.800 --> 0:00:51.560 putting out now. The way to get a symmetric opportunities 0:00:51.600 --> 0:00:56.040 in life is to have a symmetric information. You have 0:00:56.120 --> 0:01:00.240 to know something that most people don't know. Otherwise would 0:01:00.240 --> 0:01:02.120 be in the great majority, you'd be in the herd. 0:01:02.560 --> 0:01:05.200 And uh, well, you're gonna find out in life that 0:01:05.440 --> 0:01:08.960 usually being in the herd is not where you want 0:01:09.000 --> 0:01:11.680 to be and if you want to get asymmetric opportunities, 0:01:11.920 --> 0:01:13.080 then you don't want to be in the herd. You 0:01:13.120 --> 0:01:15.280 need to be in front of the herd, right. You 0:01:15.280 --> 0:01:17.920 want to get into that position before the herd gets 0:01:17.920 --> 0:01:20.959 there and pushes that forward. And again, like I said, 0:01:21.000 --> 0:01:24.800 the only way to do that is with a symmetric information, 0:01:24.800 --> 0:01:27.160 which is what I'm going to bring to you each 0:01:27.200 --> 0:01:31.959 and every week. And so write this down, bookmark this time, stamp. 0:01:32.000 --> 0:01:34.160 You do not want to miss this because it could 0:01:34.200 --> 0:01:38.720 be the biggest opportunity of your lifetime. So you don't 0:01:38.720 --> 0:01:41.400 want to miss it. It's that important. So again, thanks 0:01:41.400 --> 0:01:43.200 for joining the Mark Moss Show. And so today we're 0:01:43.200 --> 0:01:45.840 gonna talk about bitcoin, we're gonna talk about cryptocurrencies, we're 0:01:45.840 --> 0:01:50.080 gonna talk about the revolution. Now. I've been doing a 0:01:50.080 --> 0:01:52.360 lot of work on my YouTube channel and on Twitter. 0:01:52.920 --> 0:01:54.480 By the way, you can follow me on Twitter. It's 0:01:54.520 --> 0:01:57.080 the number one Mark Moss and I talk about there's 0:01:57.240 --> 0:02:03.000 three revolutions that are all converging right now. And these 0:02:03.000 --> 0:02:07.040 are different revolutions. They're they're in different areas. Now. When 0:02:07.080 --> 0:02:10.280 you're looking at financial markets, um typically we're looking for 0:02:10.400 --> 0:02:15.200 things called indicators and indicators are things that we're hoping 0:02:15.360 --> 0:02:18.840 tell us what the future holds. Now. The thing about 0:02:18.880 --> 0:02:21.520 indicators is that you don't want to look at just 0:02:21.720 --> 0:02:25.200 one indicator. You want to look at as many indicators 0:02:25.240 --> 0:02:27.880 as you possibly can, and then you're looking for them 0:02:27.919 --> 0:02:30.720 to kind of have this consensus. You're looking for them 0:02:30.760 --> 0:02:34.600 to kind of show you that there's this agreement there. 0:02:34.840 --> 0:02:37.480 And so when I'm looking at these three revolutions, I'm 0:02:37.520 --> 0:02:40.679 also looking for indicators. And so what a lot of 0:02:40.720 --> 0:02:43.840 people look at is they go, well, um, shoot, the 0:02:43.880 --> 0:02:47.320 financial system is overstressed. We can see that inflation is 0:02:47.360 --> 0:02:50.280 running sky high. You know, the United States Federal Reserve, 0:02:50.320 --> 0:02:52.399 the Central Bank is you know, pumped in about eight 0:02:52.400 --> 0:02:56.320 trillion dollars over the last eighteen months. We can see 0:02:56.320 --> 0:02:58.040 that now the government in the United States is talking 0:02:58.040 --> 0:03:00.320 about a shutdown because the that's then they have to 0:03:00.360 --> 0:03:02.120 raise the death ceiling. And so we can see that 0:03:02.200 --> 0:03:05.960 the financial system is, you know, it's about out of moves. 0:03:06.000 --> 0:03:07.919 And if if we were playing a game, let's say 0:03:07.960 --> 0:03:10.960 we were playing I don't know, scrabble, um, eventually you 0:03:11.080 --> 0:03:13.560 run out of moves. And when everybody runs out of moves, 0:03:13.639 --> 0:03:16.480 what do you do, Well, you reset the game. And 0:03:16.520 --> 0:03:19.440 that's exactly what our financial system is doing. It's it's 0:03:19.440 --> 0:03:22.400 time to reset the game. Um. And so that's one indicator. 0:03:22.520 --> 0:03:25.200 But what other indicators are there? And so there's um 0:03:25.280 --> 0:03:28.520 that those move on eighty year cycles, eighty year time frames, 0:03:28.560 --> 0:03:31.639 all right, financial systems, financial revolutions work on about every 0:03:31.680 --> 0:03:34.840 eighty year. So eighty years ago was the Bretton Woods Agreement. 0:03:34.880 --> 0:03:38.720 That's when the whole world moved onto a gold standard. 0:03:39.520 --> 0:03:40.920 All right. Now, I know we're gonna talk about bitcoin, 0:03:40.920 --> 0:03:43.360 we talk about cryptocurrencies, but I'm trying to establish this 0:03:43.440 --> 0:03:45.640 base for you. UM. Okay, So let's move on eighty 0:03:45.680 --> 0:03:49.760 year cycles. Then there's another revolutionary cycle, um, and it's 0:03:49.800 --> 0:03:54.120 a technological revolution cycle, and those move on fifty year 0:03:54.200 --> 0:03:59.280 time frames. And a technological revolution is what we're talking 0:03:59.360 --> 0:04:02.920 about right now. We're talking about something so big that 0:04:03.000 --> 0:04:07.200 it literally changes all of humanity. It changes the course 0:04:07.240 --> 0:04:09.240 of humanity. I know it's a big statement, but let 0:04:09.240 --> 0:04:11.240 me prove it to you. So I'm not talking about 0:04:11.240 --> 0:04:13.880 a new technology. I'm not talking about the iPhone. I'm 0:04:13.880 --> 0:04:16.320 not talking about Uber or Airbnb, and those were cool, 0:04:16.800 --> 0:04:19.320 but it didn't change humanity, right, I'm talking about something 0:04:19.400 --> 0:04:21.360 so big it changes, of course, humanity. So there's been 0:04:21.440 --> 0:04:23.599 five in the last two and fifty years. We can 0:04:23.640 --> 0:04:27.839 go back to the Sevres with the Industrial Revolution, which 0:04:27.880 --> 0:04:30.599 took people from the farms, from the from the cottage industry, 0:04:30.640 --> 0:04:33.160 and it put them into factories and built cities. It 0:04:33.360 --> 0:04:38.240 changed humanity. Approximately fifty years later we had the age 0:04:38.240 --> 0:04:42.560 of steam engines and steel. So for all of humanity 0:04:42.600 --> 0:04:46.960 we had manpower, some horsepower. Now we had steam engines 0:04:46.960 --> 0:04:49.440 that allowed us to move big loads across the world. 0:04:49.720 --> 0:04:51.800 And then we had steel. Before steel we could build 0:04:51.839 --> 0:04:54.120 you know, brick buildings two stories high. Now we could 0:04:54.160 --> 0:04:57.920 build skyscrapers, we could build bridges, etcetera, etcetera. Changed humanity. 0:04:58.240 --> 0:05:02.640 Fast forwarding, we had the and mention of electricity. Now, 0:05:02.720 --> 0:05:06.320 at the time, electricity was just like, um, you know, 0:05:06.360 --> 0:05:08.600 it was kind of like a digital candle. Uh, you know, 0:05:08.640 --> 0:05:10.960 what do we need electricity before? We have candles? Candles 0:05:10.960 --> 0:05:13.320 have worked good for a long time. Right. The candle 0:05:13.360 --> 0:05:16.159 makers came out in this uh you know, coordinated effort 0:05:16.160 --> 0:05:19.160 to shut electricity down. We don't need electricity, we have candles, right. 0:05:19.160 --> 0:05:22.080 They want to protect their interest, of course, electricity is 0:05:22.279 --> 0:05:24.520 way bigger. At changed humanity and it allows us to 0:05:24.560 --> 0:05:26.080 even do what we're doing today. You wouldn't even be 0:05:26.080 --> 0:05:27.599 able to hear me right this minute if we didn't 0:05:27.600 --> 0:05:29.760 have electricity. Right, it was much bigger than it was. 0:05:29.960 --> 0:05:32.800 It was a replacement for candles at the time, but 0:05:32.880 --> 0:05:35.880 it became something so much bigger. Fast forward, approximately another 0:05:35.880 --> 0:05:40.240 fifty years, we have the age of oil, automobiles, and 0:05:40.360 --> 0:05:44.880 mass production, and it changed humanity imagined for all of humanity. 0:05:45.080 --> 0:05:48.640 People walked or rode horses and that was it. And 0:05:48.640 --> 0:05:51.359 now they could drive, which means now they could transport 0:05:51.400 --> 0:05:54.360 materials and they could ship things and all these things. Um, 0:05:54.400 --> 0:06:00.320 it changed humanity. Fast forward was the age of the microprocessor, 0:06:00.400 --> 0:06:04.120 which have brought us personal computers, which then allowed us 0:06:04.120 --> 0:06:07.159 to have smartphones, allowed us to have the Internet again, 0:06:07.279 --> 0:06:09.920 things like we're using right this minute that I'm broadcasting 0:06:09.960 --> 0:06:14.200 to you from. And so you add plus fifty years, 0:06:14.240 --> 0:06:17.440 which puts us to right now we're facing in the 0:06:17.600 --> 0:06:20.520 technological revolution. So that's a fifty year cycle. Then there's 0:06:20.560 --> 0:06:22.360 one more indicator. I'm going to break down and then 0:06:22.360 --> 0:06:25.880 we'll jump in. The other indicator is what I would 0:06:25.920 --> 0:06:29.200 call political or social or cultural revolutions, and those work 0:06:29.200 --> 0:06:32.400 on about two hundred and fifty year time frames, and 0:06:32.440 --> 0:06:35.159 about every two or fifty years we see a revolution. 0:06:35.400 --> 0:06:37.479 So two or fifty years ago from now was the 0:06:37.520 --> 0:06:40.560 American and the French Revolution. Two and fifty years before 0:06:40.680 --> 0:06:45.240 that was the Protestant Reformation. What both of those represented, 0:06:45.240 --> 0:06:50.719 those revolutions represented was um peak globalization or peak centralization, 0:06:50.760 --> 0:06:55.440 and the world pushed back on that and moved to decentralization. 0:06:55.560 --> 0:06:58.279 So um as this two and fifty year cycle pushing 0:06:58.360 --> 0:07:02.040 back against centralization and even to decentralization is here two 0:07:02.080 --> 0:07:05.320 and fifty year cycle, we'll have a fifty year technological 0:07:05.360 --> 0:07:08.839 revolution that's giving us exactly what we need. So the 0:07:08.880 --> 0:07:13.680 world's rejecting centralization to move to decentralization, and we have 0:07:13.840 --> 0:07:19.280 a brand new technology that gives us decentralization at the 0:07:19.360 --> 0:07:21.400 very time we need it now. The other thing to 0:07:21.440 --> 0:07:26.280 keep in mind is that these technological revolutions drive financial markets. 0:07:26.280 --> 0:07:29.080 And so what's interesting as the two or fifty year 0:07:29.080 --> 0:07:31.040 revolution cycle is hitting at the same time as a 0:07:31.080 --> 0:07:35.280 fifty year technological revolution cycle that then creates a new 0:07:35.280 --> 0:07:38.559 financial market, the financial system on an eight year cycle 0:07:38.640 --> 0:07:41.080 is also hitting at the same time converging and is 0:07:41.120 --> 0:07:45.320 ready to be reset. When you converge all three of 0:07:45.400 --> 0:07:49.080 these cycles, it creates the biggest disruption in the world. 0:07:49.440 --> 0:07:51.480 And for a lot of people, if they're not paying attention, 0:07:51.600 --> 0:07:55.040 is disastrous. But if you're paying attention, it can be 0:07:55.080 --> 0:07:58.040 the biggest opportunity of your life. And that is what 0:07:58.080 --> 0:08:02.920 we are talking about with bitcoin, with decentralization. And I 0:08:03.000 --> 0:08:05.320 am going to tell you how to play this by 0:08:05.320 --> 0:08:08.800 giving you this asymmetric information that you need so you 0:08:08.800 --> 0:08:12.680 can take advantage of this asymmetric opportunity. All right, now, 0:08:12.920 --> 0:08:15.280 I want to talk about some things so you can 0:08:15.360 --> 0:08:18.600 kind of really understand how big this is. UM. Some 0:08:18.920 --> 0:08:23.000 countries around the world are now talking about this. It 0:08:23.080 --> 0:08:25.600 went from you know, I think it was Gandhi who said, 0:08:25.600 --> 0:08:27.480 you know, first they laugh at you, then they try 0:08:27.520 --> 0:08:29.160 to fight you, and then they finally joined you kind 0:08:29.160 --> 0:08:31.920 of thing. And that's exactly what we've been seeing, you know, 0:08:32.040 --> 0:08:34.679 for the last decade, we've watched bitcoin kind of grow 0:08:34.800 --> 0:08:38.000 and a lot of people make fun of it. UM. 0:08:38.040 --> 0:08:40.200 A lot of people think there's no use case for it, 0:08:40.240 --> 0:08:42.880 there's no need for it. Then they're trying to fight 0:08:42.960 --> 0:08:45.920 it and stop it. Um. You know, the governments are 0:08:45.920 --> 0:08:48.959 trying to create regulations around it or make it illegal, 0:08:49.160 --> 0:08:52.719 like one country just did this week, albeit for the 0:08:52.840 --> 0:08:56.720 ninth time. UM. And some countries are actually joining it 0:08:56.800 --> 0:08:58.679 and adopting it. And so I'm gonna tell you about 0:08:58.679 --> 0:09:01.400 that when we get I want I want to talk 0:09:01.400 --> 0:09:04.640 to you about which countries are trying to regulate it, 0:09:04.760 --> 0:09:07.880 which countries are trying to make it illegal, and which 0:09:07.960 --> 0:09:10.840 countries are adopting it. And when you can understand more 0:09:10.880 --> 0:09:15.200 importantly why this is happening, it will help you better 0:09:15.280 --> 0:09:18.200 prepare for what you need to do to take advantage 0:09:18.240 --> 0:09:19.640 of this. We'll talk about it when I get back 0:09:19.679 --> 0:09:22.600 in just a second. All right, you are back listening 0:09:22.640 --> 0:09:27.600 to the Mark Moths Show of talking about the revolution 0:09:27.880 --> 0:09:32.000 of Bitcoin, of cryptocurrencies. And yeah, I'm not I'm not 0:09:32.559 --> 0:09:35.120 I'm not trying to hype overhype this. I'm talking about 0:09:35.200 --> 0:09:39.280 a revolution. If you missed the previous segment before the break, 0:09:39.480 --> 0:09:41.760 well you missed out where I set the stage of 0:09:41.800 --> 0:09:45.440 these three revolutionary cycles that are converging right now. But 0:09:45.480 --> 0:09:47.560 we're gonna keep moving forward on this. You're listening to 0:09:47.559 --> 0:09:51.160 the Mark mos Show talking about bitcoin and cryptocurrencies. And 0:09:51.200 --> 0:09:52.800 really the reason why I want to talk to you 0:09:52.840 --> 0:09:55.199 on this show about this is because it is the 0:09:55.240 --> 0:09:59.079 biggest opportunity of your life, the biggest asymmetric opportunity of 0:09:59.080 --> 0:10:01.960 your life. But in order to navigate this correctly, you 0:10:02.080 --> 0:10:05.080 have to have the asymmetric information. You have to have 0:10:05.080 --> 0:10:07.920 the information that most people don't have. So, um, going 0:10:08.000 --> 0:10:10.400 back into where we're talking about it, you know, I 0:10:10.480 --> 0:10:14.080 was saying, how you know Gandhi's statement of first they 0:10:14.160 --> 0:10:15.719 laugh at you, you know, then they try to fight you, 0:10:15.760 --> 0:10:17.920 and then they join you. And that's exactly what we've 0:10:17.920 --> 0:10:23.000 seen this evolution of bitcoin take. And we've gone from that. Um, 0:10:23.160 --> 0:10:26.040 we'll first they ignore you, then we moved to the 0:10:26.120 --> 0:10:29.200 laughing at you. Everyone that's participated in this. Uh what 0:10:29.240 --> 0:10:33.199 do they call it? Magic? Internet money? Are? They're ridiculous? Right, 0:10:33.240 --> 0:10:36.800 Like I only trust things I can hold in my hand. Um. 0:10:37.160 --> 0:10:42.000 You might hear the boomers talking about that, of course, anybody. Um, well, 0:10:42.320 --> 0:10:44.200 I don't want to exclude people by age group, but 0:10:44.440 --> 0:10:46.920 I think by this point most people realize that digital 0:10:46.960 --> 0:10:49.160 things are in factor real It's a matter of fact, 0:10:49.760 --> 0:10:52.880 over eight of our currency transactions that they are done digital. 0:10:52.960 --> 0:10:54.199 So I don't know why people have a hard time 0:10:54.200 --> 0:10:58.560 believing that magic digital money. Um. So they laughed at us. Um. 0:10:58.600 --> 0:11:00.560 Of course, then they started to fight this, and so 0:11:00.640 --> 0:11:06.120 we saw China come out and ban bitcoin, and then um, 0:11:06.120 --> 0:11:08.320 they came out and banned it again, and then they 0:11:08.400 --> 0:11:10.120 banned it again, and they banned it again. As a 0:11:10.160 --> 0:11:13.760 matter of fact, Um, this week China came out and 0:11:13.800 --> 0:11:21.760 said that they make all cryptocurrency transactions illegal. Now what's 0:11:21.760 --> 0:11:25.160 interesting is I believe this is the eighth or ninth 0:11:25.360 --> 0:11:28.640 time that China has banned it, and so I guess 0:11:28.679 --> 0:11:32.640 the first thing I would say is, Hmmm, it must 0:11:32.679 --> 0:11:36.040 be pretty hard to ban if they've banned it nine 0:11:36.160 --> 0:11:38.959 times and they haven't even been able to get it done. 0:11:39.640 --> 0:11:41.720 But of course they just continue to ramp it up 0:11:41.760 --> 0:11:45.120 and ramp it up and ramp it up. And so. Um. 0:11:45.160 --> 0:11:48.199 It was just a couple of months ago they banned 0:11:48.720 --> 0:11:53.000 bitcoin mining and they pushed all the bitcoin miners out 0:11:53.000 --> 0:11:55.160 of the country. I don't want to get deep into 0:11:55.200 --> 0:11:58.280 the technical aspects of this for you guys that maybe 0:11:58.320 --> 0:12:00.120 aren't up to speed on this, because it's really not 0:12:00.160 --> 0:12:04.000 that important. Um. But um, in order for the bitcoin 0:12:04.080 --> 0:12:07.600 network to work and to remain to keep its level 0:12:07.640 --> 0:12:13.040 of decentralization. It's a decentralized technology, which means nobody controls it, 0:12:13.960 --> 0:12:15.920 and we want that. We don't want anyone to control it. 0:12:16.400 --> 0:12:18.920 And the reason why it's decentralized with nobody controlling it 0:12:19.000 --> 0:12:24.040 is because, um, every anybody could and I do this, 0:12:24.080 --> 0:12:25.599 and I would recommend you too as well, once you 0:12:25.679 --> 0:12:28.240 learn about it. But anybody could run a copy of 0:12:28.280 --> 0:12:31.199 the database and it's called a node, and it's about 0:12:31.200 --> 0:12:33.560 three hundred gigabytes, it's not very big. On a small, 0:12:33.600 --> 0:12:36.360 little portable hard drive smaller than your your iPhone, you 0:12:36.360 --> 0:12:38.240 could run that and you just plug it into your 0:12:38.240 --> 0:12:40.160 WiFi route and you can run your own note and 0:12:40.200 --> 0:12:42.880 you run an entire copy of the database. And there's 0:12:43.320 --> 0:12:45.440 people all over the world running them and that's what 0:12:45.640 --> 0:12:49.800 keeps the network decentralized, so nobody can control it. And 0:12:49.840 --> 0:12:54.560 then the miners are computers that actually helped process the transactions. Well, 0:12:54.600 --> 0:12:57.600 one of the big gripes of people that want to 0:12:57.760 --> 0:13:02.199 fight against bitcoin say that, well, but China had control 0:13:02.400 --> 0:13:06.120 of the miners because they had over fifty one cent 0:13:06.440 --> 0:13:11.599 of those miners there. Now, because it's decentralized, because everybody 0:13:11.640 --> 0:13:15.000 can run their own copy of the database. In order 0:13:15.040 --> 0:13:18.559 for a transaction to happen, because it's decentralized, the network 0:13:18.640 --> 0:13:22.880 has to achieve consensus. That means the network has to 0:13:22.960 --> 0:13:26.240 agree that this transaction is valid. Again, not trying to 0:13:26.240 --> 0:13:29.640 go super deep into this um, but because China had 0:13:29.720 --> 0:13:35.360 over fifty of these miners, theoretically they could have potentially 0:13:35.440 --> 0:13:38.839 maybe done some nefarious actions on the network. Well, a 0:13:38.840 --> 0:13:42.160 couple of months ago, China kicked them all out of 0:13:42.200 --> 0:13:46.679 the country, basically shut down over half of the network. Now, 0:13:46.760 --> 0:13:48.760 they could have tried to coop it and take it over, 0:13:48.800 --> 0:13:52.040 but instead they kicked them out. Um and we we 0:13:52.280 --> 0:13:55.240 we witnessed in real time, but probably one of the 0:13:55.400 --> 0:14:01.920 greatest technological marvels ever witnessed. M Imagine if Amazon, with 0:14:02.000 --> 0:14:06.040 their global distribution centers and their global networks. Imagine if 0:14:06.080 --> 0:14:10.280 half of Amazon's network shut down overnight and was forced 0:14:10.320 --> 0:14:14.600 to relocate. What type of disruption do you think that 0:14:14.600 --> 0:14:18.120 would take, what kind of how long do you think 0:14:18.120 --> 0:14:21.600 that would take Amazon to literally pack up their distribution 0:14:21.680 --> 0:14:25.080 centers and relocate them across the world, And what disruption 0:14:25.080 --> 0:14:27.400 would that have to the Amazon distribution or network or 0:14:27.440 --> 0:14:30.440 Coca cola or whatever. Well, we witnessed it happened on 0:14:30.440 --> 0:14:33.640 the bitcoin network. Um, and all those miners left China 0:14:33.720 --> 0:14:35.800 and got redistributed around the world. And you know, for 0:14:35.840 --> 0:14:39.120 a month or two, um, we saw you know, transaction 0:14:39.160 --> 0:14:41.280 times get a little bit more expensive or or take 0:14:41.320 --> 0:14:43.720 a little bit longer. But it absorbed it pretty well. 0:14:44.520 --> 0:14:46.760 Well that was a few months ago. Now, China came 0:14:46.760 --> 0:14:49.760 out this week and said again that they want to 0:14:49.800 --> 0:14:53.480 declare all transactions illegal. And they say, and I'm going 0:14:53.520 --> 0:14:55.680 to quote them per their press release, it says, the 0:14:55.720 --> 0:15:00.640 decision was made to quote in order to safeguards people's 0:15:00.800 --> 0:15:07.240 properties and maintain keyps here and maintain economic, financial, and 0:15:07.320 --> 0:15:14.080 social order end quote. See what they're saying here, did 0:15:14.080 --> 0:15:15.960 you hear that part? Let me read it again. Quote 0:15:16.000 --> 0:15:19.880 in order to safeguard people's properties and important part here 0:15:20.280 --> 0:15:26.280 maintain economic, financial, and social order. End quote. Well, what 0:15:26.320 --> 0:15:31.000 they're really saying is that people shouldn't have the ability 0:15:31.360 --> 0:15:35.479 to choose whatever they want to store their wealth. And 0:15:35.520 --> 0:15:38.920 what they're saying is that people shouldn't have the freedom 0:15:38.960 --> 0:15:43.320 to use whatever they think is money. Because per what 0:15:43.360 --> 0:15:46.200 they're saying here, if you're reading between the lines, what 0:15:46.320 --> 0:15:49.360 this quote is saying is that if you use another 0:15:49.440 --> 0:15:54.760 form of money, you'll disrupt the economic and financial and 0:15:54.880 --> 0:15:59.880 social order. Now why is that all right? Why is 0:16:00.240 --> 0:16:03.280 that happening? So, like I said earlier, the first thing 0:16:03.360 --> 0:16:05.240 is uh, I mean, they're obviously having to ban it 0:16:05.360 --> 0:16:08.160 multiple times, so the banning doesn't really work. But I 0:16:08.200 --> 0:16:11.520 want to tell you what they actually mean by that piece. 0:16:11.880 --> 0:16:14.640 There's something that I want to introduce to you. It's 0:16:14.680 --> 0:16:20.040 called the Mundle Fleming tri lemma. All right, Now, a dilemma. 0:16:20.200 --> 0:16:22.600 You're probably familiar with that word, right, It's a dilemma. Well, 0:16:22.640 --> 0:16:24.680 I'm forced to choose one or the other. Well, a 0:16:24.760 --> 0:16:27.920 tri lemma is similar, except for now there's three options 0:16:28.440 --> 0:16:31.600 and you can't have all three. You've got to choose 0:16:32.160 --> 0:16:35.160 between two out of the three. And that is what 0:16:35.440 --> 0:16:38.160 China is facing. But it's not just China. You need 0:16:38.200 --> 0:16:43.160 to understand this Mundal Fleming tri lemma because every nation 0:16:43.440 --> 0:16:46.640 that controls their own money is going to be facing 0:16:46.720 --> 0:16:50.600 the exact same try lemma, the exact same problem. And 0:16:50.600 --> 0:16:52.240 so I want to explain that to you. But also 0:16:52.320 --> 0:16:55.320 I want to talk to you about that even though 0:16:55.360 --> 0:16:58.080 they've banned all the mining and kicked them out of 0:16:58.080 --> 0:17:04.040 the country, and now they've may all cryptocurrency illegal. As 0:17:04.119 --> 0:17:08.920 of yesterday, there's still almost a hundred and fifty bitcoin 0:17:09.080 --> 0:17:11.919 nodes running in China. Remember I told you the nodes, 0:17:12.320 --> 0:17:15.360 they run the entire copy of the database, and so 0:17:15.440 --> 0:17:18.200 as of yesterday, at the time of this recording, there's 0:17:18.240 --> 0:17:21.800 over a hundred about a hundred and fifty of these 0:17:21.800 --> 0:17:25.840 bitcoin nodes running. And so I want to show you 0:17:25.880 --> 0:17:28.880 that because it's it's important to understand the network cannot 0:17:28.920 --> 0:17:32.199 be shut down. That's why it's a revolutionary And I 0:17:32.200 --> 0:17:33.960 want to talk to you about this tri limit because, 0:17:34.000 --> 0:17:36.840 like I said, if your country controls their own currency, 0:17:37.880 --> 0:17:41.639 you know, the United States or Europe ECB, then you 0:17:41.680 --> 0:17:44.320 need to understand this. We're gonna talk about that. I 0:17:44.320 --> 0:17:46.520 want to I want to explain to you how this works. 0:17:46.560 --> 0:17:48.800 And once you see how simple this is, you're gonna 0:17:48.800 --> 0:17:51.399 be able to understand this for what it really is. 0:17:51.440 --> 0:17:53.159 So I'm gonna be right back with you in a second. 0:17:53.480 --> 0:17:56.600 All right, welcome back. Now you're listening to the brand 0:17:56.600 --> 0:17:59.960 new Mark Moss Show, where I am going to be 0:18:00.119 --> 0:18:03.560 bringing you the most up to date, most recent information 0:18:03.680 --> 0:18:07.600 on bitcoin, on cryptocurrencies, and the state of the financial 0:18:07.760 --> 0:18:11.400 system in the world today. Now, just real quick, real quick, 0:18:11.440 --> 0:18:13.320 before you make up your mind if this is for 0:18:13.359 --> 0:18:15.119 you or if it isn't, let me just tell you 0:18:15.119 --> 0:18:18.080 real quick, this is and I'm going to continue to 0:18:18.119 --> 0:18:20.000 prove this to you each and every week. This is 0:18:20.119 --> 0:18:24.080 the biggest opportunity that you have ever seen in your lifetime. 0:18:24.080 --> 0:18:26.560 And not just your lifetime or my lifetime, but even 0:18:26.760 --> 0:18:28.680 like our kids and our parents and our grandparents. I'm 0:18:28.680 --> 0:18:34.840 talking multigenerational because it's part of a fifty year technological revolution, 0:18:35.160 --> 0:18:38.000 all right. Now. The way that you take advantage of 0:18:38.000 --> 0:18:43.120 these massive opportunities asymmetric opportunities by having asymmetric information, information 0:18:43.119 --> 0:18:45.480 that most people don't have, which is why I am 0:18:45.520 --> 0:18:48.480 going to bring that to you each and every week. So, uh, 0:18:48.640 --> 0:18:51.280 take note of what, what station, and what time you're 0:18:51.280 --> 0:18:53.480 listening to this as of right now, and set to 0:18:53.480 --> 0:18:55.800 your calendar reminder to tune in with me each and 0:18:55.800 --> 0:18:58.840 every week, because I guarantee it will be worth your time. 0:18:59.640 --> 0:19:02.160 It could change your life. Now, jumping back into where 0:19:02.160 --> 0:19:05.159 we were before the break, we're talking about how China 0:19:05.240 --> 0:19:11.159 has uh again banned bitcoin and band cryptocurrencies multiple times, 0:19:12.080 --> 0:19:14.240 but a couple of things. One, I said that it's 0:19:14.240 --> 0:19:15.960 not working and that's why they have to ban it 0:19:16.119 --> 0:19:18.480 six and seven and eight and nine times, because it's 0:19:18.480 --> 0:19:21.359 just they can't actually do it UM. And even after 0:19:21.400 --> 0:19:25.400 they've done this final declaration of banning again UM, as 0:19:25.440 --> 0:19:28.720 of yesterday, we can see that they're still over about 0:19:28.760 --> 0:19:31.720 about a hundred and fifty bitcoin nodes that are still 0:19:31.800 --> 0:19:35.920 running UM in China and so UM. You know, they 0:19:35.920 --> 0:19:38.439 can tell you can't do it, but can they really 0:19:38.440 --> 0:19:40.840 stop it. It's digital and that's something that there's something 0:19:40.880 --> 0:19:42.520 to talk about, and I'd love to dig into that, 0:19:42.600 --> 0:19:44.560 but I want to jump back to one other point, 0:19:45.080 --> 0:19:46.680 and the point that I was talking about before we 0:19:46.680 --> 0:19:49.399 went to the break is that there's something known as 0:19:49.440 --> 0:19:52.400 the Mundo Flemming try limit. And you have to understand 0:19:52.440 --> 0:19:55.840 this because this is the reason why China is trying 0:19:55.880 --> 0:19:59.920 to ban it. This is the same reason why regardless 0:20:00.040 --> 0:20:02.720 of what country you may be from, if they control 0:20:02.760 --> 0:20:06.320 their own currency, they're facing the exact same try, lemma. 0:20:07.240 --> 0:20:09.360 And so what is that try lemma? Let me break 0:20:09.400 --> 0:20:11.640 it down for you. If you were with us before 0:20:11.680 --> 0:20:15.040 the break, I said that the quote from China is 0:20:15.280 --> 0:20:20.720 quote in order to safeguards people's properties and maintain economic, financial, 0:20:21.040 --> 0:20:24.720 and social order. All right, So the trial emma helps 0:20:24.760 --> 0:20:27.560 us understand why they said that piece. So the three 0:20:27.600 --> 0:20:30.359 things are are First, a nation, like I said, I 0:20:30.400 --> 0:20:33.080 can only keep two of these three policies at the 0:20:33.119 --> 0:20:35.600 same time. So the first is a managed or a 0:20:35.760 --> 0:20:41.960 fixed currency, um. The second is managing the interest rates, 0:20:42.920 --> 0:20:46.040 and the third is free capital flowing in and out 0:20:46.040 --> 0:20:48.160 with other nations. All right, So let me break those 0:20:48.200 --> 0:20:52.240 down for you. So the first is uh is uh 0:20:52.400 --> 0:20:56.879 the fixed currency. So you know nations uh, they're forced 0:20:56.880 --> 0:21:00.199 to choose, right, they can have the good stuff that 0:21:00.320 --> 0:21:03.000 evens out the economy. So it's the fixed currency and 0:21:03.320 --> 0:21:06.000 managing interest rates. And so that's what you know, like 0:21:06.040 --> 0:21:08.560 the United States or China does, right, They manage the 0:21:08.600 --> 0:21:11.440 amount of money in the system. They try to manage 0:21:11.440 --> 0:21:16.040 the currency the strength. You hear about nations um devaluing 0:21:16.080 --> 0:21:19.400 their currencies against each other, right, And so they manage 0:21:19.440 --> 0:21:21.719 the strength of their currency. Where they do that by 0:21:21.840 --> 0:21:24.680 the amount of the currency that they produce, and they 0:21:24.760 --> 0:21:27.040 also do it with interest rates. So in the United 0:21:27.080 --> 0:21:30.520 States they've pushed interest rates down to basically zero. Most 0:21:30.560 --> 0:21:32.920 of the other nations are at zero or even negative 0:21:32.920 --> 0:21:35.400 at this point, um. And they do that. So they 0:21:35.440 --> 0:21:38.240 manage the currency, they manage the interest rates. But then 0:21:38.920 --> 0:21:41.880 the third pieces the free flowing capital in and out 0:21:41.880 --> 0:21:45.320 of the country. And so any nation once money coming 0:21:45.440 --> 0:21:48.840 in in, right, they want investment capital coming into the nation. 0:21:49.240 --> 0:21:52.399 They want other nations to buy their debt by their bonds, 0:21:52.480 --> 0:21:56.080 loan them money, etcetera. All right, but the problem is 0:21:56.520 --> 0:22:00.639