Speaker 1: Hey, everyone, welcome to another episode of The Mark Moss
Speaker 1: Show where we're talking about bitcoin. Of course, each and
Speaker 1: every week we're talking about cryptocurrencies, we're talking about the
Speaker 1: decentralized revolution, and I'm really just trying to bring context
Speaker 1: to you of what is going on in this giant movement.
Speaker 1: When I say giant, I am talking about a shift
Speaker 1: so big that it will literally change the course of humanity.
Speaker 1: It's that big, and it's you know, to understand bitcoin,
Speaker 1: to understand this decentralized revolution, you have to understand lots
Speaker 1: of different things. There's probably at least six or eight
Speaker 1: different disciplines that you have to understand, which is why
Speaker 1: most people have a hard time understanding what it is.
Speaker 1: And you know, I've been asked many times. I've been
Speaker 1: teaching about bitcoin for six seven years now at this point,
Speaker 1: pretty much talk about it all the time. I'm pretty
Speaker 1: good at taking complex subjects and making them easy to understand,
Speaker 1: which is what I'm doing with you each and every week.
Speaker 1: And sometimes some of my friends will sit me down
Speaker 1: and they're like, hey, Mark, um, could you just explain
Speaker 1: bitcoin to me? Like I'm five years old and in
Speaker 1: two minutes and I'm just like, no, I can't. Uh,
Speaker 1: because a five year old can't get it in two minutes.
Speaker 1: Nobody can get in two minutes. And that's one of
Speaker 1: the big problems that we have in culture today is
Speaker 1: that we're all trying to find these life hacks, which
Speaker 1: is fine, we should all be finding life acts and
Speaker 1: a life hack is listening to me each week. But
Speaker 1: if you're only going to put in five minutes or
Speaker 1: two minutes worth of work, you're never going to get this.
Speaker 1: And really you're just never gonna make it in life.
Speaker 1: And it's a big problem that we have in the
Speaker 1: world where we see people they read the headlines and
Speaker 1: they don't even bother to read the rest of the article.
Speaker 1: And usually those headlines are kind of this clickbait type
Speaker 1: of thing and it doesn't even really represent what that
Speaker 1: article is about. But yet people think they have the information.
Speaker 1: And so with bitcoin, a lot of times people are like, oh,
Speaker 1: I get it, I get it. I get It's like
Speaker 1: this digital cash. It's like it's like this digital gold.
Speaker 1: I get it. Right, No, you don't get it. You
Speaker 1: can't get it in two minutes, especially if you're five
Speaker 1: years old. And so we'll talk about this each and
Speaker 1: every week, and all these different ways that affect your life.
Speaker 1: And really we'll talk about the intersection of or the
Speaker 1: importance of why, why is this even important? Why do
Speaker 1: I even care about this? Why will this be so powerful?
Speaker 1: Will change the world? And so you have to understand
Speaker 1: a lot of different subjects. And luckily for you, me,
Speaker 1: your host, I've sort of been this jack of all trades,
Speaker 1: master of none most of my life. So I'm sort
Speaker 1: of like uniquely situated to talk to you about these
Speaker 1: subjects because I like to dabble in all these different
Speaker 1: different areas. I'm talking about history, monetary history, which you
Speaker 1: hear me talk about a lot. I'd like to talk
Speaker 1: about economics. I'd like to talk about finance. I like
Speaker 1: to talk about technology. I'd like to talk about psychology.
Speaker 1: I would talk about game theory, I like to talk
Speaker 1: about philosophy, and all of these subjects intersect at bitcoin,
Speaker 1: and so really I like to talk focus on really
Speaker 1: the intersection of finance, technology, and money. It's a pretty
Speaker 1: powerful combination of those three and they all intersect directly
Speaker 1: at bitcoin. And so a lot of times, like I said,
Speaker 1: a lot of people, especially in the United States, when
Speaker 1: I've traveled in other countries they get this a little
Speaker 1: bit better, but in the United States they go, why
Speaker 1: why do we even need bitcoin? What problem does it
Speaker 1: even solve? And you'll hear people talking about the energy problem,
Speaker 1: like bitcoin waste energy? Well, how does it waste energy?
Speaker 1: I'd like to hear your argument that what what do
Speaker 1: you mean it waste energy? Because the way that I
Speaker 1: understand it is that one man's trash is another man's treasure.
Speaker 1: So how is it a waste? If I decided to
Speaker 1: put my attention, my energy, my effort into it, how
Speaker 1: who are you to call what I do a waste?
Speaker 1: But typically what I would say is that that argument
Speaker 1: comes from a standpoint that it's a waste of time.
Speaker 1: There's no purpose of it, there's no need for it,
Speaker 1: so why would we devote any energy towards that? I mean,
Speaker 1: the same could be said about video games. Our energy
Speaker 1: or our video games a waste of energy? Are YouTube
Speaker 1: videos a waste of energy? Is you listening to me
Speaker 1: talking to on my podcast right now? A waste of energy?
Speaker 1: Hopefully you don't answer yes to that question, um, but
Speaker 1: you know what is this waste? And so typically I
Speaker 1: would just say it's like people go well, there's there's
Speaker 1: no point to bitcoin, there's no need for it. Um,
Speaker 1: it's just a stupid speculation or whatever. So why should
Speaker 1: we devote any energy to that? And first off, like
Speaker 1: I said, who are you to say what I devote
Speaker 1: my energy to. If I decided to devote my energy
Speaker 1: to meditation and staring into space, then that's what I
Speaker 1: wanted to dedicate my time. If I want to dedicate
Speaker 1: my time to play in video games, and so be
Speaker 1: it Like, who are you or who is anybody to
Speaker 1: dictate what anybody else thinks is a good or bad
Speaker 1: use of their time or energy. But really, ultimately, like
Speaker 1: I said, it comes down to the fact that they
Speaker 1: don't understand why why is this important? So what I
Speaker 1: would say is that bitcoin is the most important thing.
Speaker 1: As a matter of fact, it not only deserves all
Speaker 1: the energy that we put into it, it needs even
Speaker 1: way more. That's what I would say. I would say, no, no,
Speaker 1: we're not spending enough energy on bitcoin. But again, it
Speaker 1: comes down to why, Why do I believe that's important?
Speaker 1: Why do I believe it can change the world. That's
Speaker 1: what I want to share with you. By the way,
Speaker 1: you're listening to the Mark Mos show. Of course we're
Speaker 1: talking about bitcoin. If you're just tuning in, we're talking
Speaker 1: about cryptocurrencies. We're talking about this decentralized revolution, and we're
Speaker 1: talking about why. Now, there's a million reasons why. And
Speaker 1: I like to use an analogy. I would I'd like
Speaker 1: to use an analogy of imagine. Imagine in your mind
Speaker 1: this giant oak tree, and you have this old oak tree.
Speaker 1: It's really big, and I don't know, ten thousand leaves
Speaker 1: on this oak tree, and every one of those leaves
Speaker 1: on that tree is a problem. So we have the
Speaker 1: obesity rate, or or the divorce rate, or the incarceration rate,
Speaker 1: or the divide but rich and poor, or the breakdown
Speaker 1: and supply chains, or you name it. Any problem that
Speaker 1: you could pull all basically comes down into the tree,
Speaker 1: into the trunk, and at the base of that tree,
Speaker 1: at the trunk, the root of that problem is the money.
Speaker 1: The money is the problem responsible for every other problem
Speaker 1: that we have in society. Now, I know, I get it,
Speaker 1: I get it, I get it. Don't shoot the messenger.
Speaker 1: That's a big claim, right, it's a really big claim.
Speaker 1: But it's a claim that I can back up. And
Speaker 1: it's a claim that I'm gonna back up each and
Speaker 1: every show. So, by the way, well what we're talking
Speaker 1: about this, uh, I promise to make this the most
Speaker 1: important part of your week. So just grab your phone
Speaker 1: real quick, put a calendar reminder for this date this time,
Speaker 1: and make sure to join me on this station each
Speaker 1: and every week. But it's a big claim. I get it.
Speaker 1: Every problem obesity, divorce rate, like, incarceration rate, like, how
Speaker 1: are those related to the money. That doesn't make any sense?
Speaker 1: Mark right, I get it, But it does, and I'm
Speaker 1: gonna prove it now. Um, I'm just gonna say topically, well,
Speaker 1: what's the number one cause of divorce? Money? Fighting over money? Typically,
Speaker 1: not having enough money is typically the problem. But why
Speaker 1: don't we have enough money? Well, then that goes into
Speaker 1: this income in equality thing. Why is it so hard
Speaker 1: to get ahead today? Why are there rich getting richer
Speaker 1: and the poorer staying poor? What is causing this divide
Speaker 1: the money? And so really, if we can look back
Speaker 1: at a chart, it really we can trace it back
Speaker 1: to nineteen seventy one, at the time when the then
Speaker 1: current president Richard Nixon removed not only the United States,
Speaker 1: but really removed the entire world from the gold standard.
Speaker 1: So for all of pretty much recorded history, five thousand years,
Speaker 1: gold had been money. For hundreds of years. Inside the
Speaker 1: United States, gold was money, and all the four Under
Speaker 1: the Breton Woods Agreement, the entire world agreed to be
Speaker 1: on a one world money monetary system that was a
Speaker 1: gold back system. The dollar will be back to gold,
Speaker 1: All the currencies of the world will be backed to
Speaker 1: the dollar or pinned, i should say, peg to the dollar.
Speaker 1: And so we're on a gold back system. President Richard
Speaker 1: Nixon severed the ties of the gold standard and thereby
Speaker 1: took the entire world off of what had been money
Speaker 1: for five thousand years, and since that for the last
Speaker 1: fifty years. It was August of this year. August of
Speaker 1: this year was the fiftieth anniversary of that happening. And
Speaker 1: since that time, the entire world has gone haywire, and
Speaker 1: a lot of the problems that we see today are
Speaker 1: a direct cause of this. Now, there's a massive, massive,
Speaker 1: massive problem going on all across the world today and
Speaker 1: it's directly related to this. And you probably don't get this.
Speaker 1: You probably don't understand this now if you're in southern California,
Speaker 1: where I'm from, I mean you're anywhere near the beach,
Speaker 1: you've probably seen. And if you're not there, you've probably heard.
Speaker 1: There's hundreds are about a hundred ships sitting off the
Speaker 1: ports of Long Beach trying to come in, trying to
Speaker 1: bring goods in. Why why is that happening? Well, would
Speaker 1: you believe me if I told you it is because
Speaker 1: of the money and bitcoin can fix that. Well, I'm
Speaker 1: gonna tell you exactly what's happening. I'm gonna tell you
Speaker 1: exactly why the money is responsible. I would tell you
Speaker 1: exactly how bitcoin fixes this when we come back. All right, Now,
Speaker 1: you're listening to the Mark Moa Show. We're talking about bitcoin,
Speaker 1: we're talking about cryptocurrencies. Of course, we're talking about the
Speaker 1: bigger decentralized revolution that's happening. I'm gonna be right back
Speaker 1: on to tell you how the shipping problem can be
Speaker 1: fixed by bitcoin. Don't go away, all right, Welcome back.
Speaker 1: You're listening to the markma Show. We're talking about bitcoin,
Speaker 1: we're talking about cryptocurrencies, we're talking about the decentralized revolution,
Speaker 1: and boy, oh boy, where do I start. It's such
Speaker 1: a big topic and that's why you gotta tune in
Speaker 1: with me each and every week before the break, I
Speaker 1: was explaining how, um, if the world was like this
Speaker 1: giant oak tree, and every leave on that oak tree
Speaker 1: was a problem, and you trace each one of those
Speaker 1: leaves back to the tree, and the tree all but
Speaker 1: down the route at the roots sits the money. The
Speaker 1: money printer. The problem is the money, and the money
Speaker 1: is causing every problem that we have today. And I
Speaker 1: was explaining how one of the big problems that we
Speaker 1: have today, there's there's many, but we'll just tackle one today,
Speaker 1: and one of them is supply chains are breaking down.
Speaker 1: I talked about how off the coast of Long Beach,
Speaker 1: off the coast of southern California, there's about plus or
Speaker 1: minus about a hundred ships sitting off the coast, and
Speaker 1: they can't figure out how to get him in there
Speaker 1: and get them unloaded. Right now, that's a big problem,
Speaker 1: supply chains breaking down when those ships don't come in,
Speaker 1: parts don't get delivered, items don't get made, vendors don't
Speaker 1: get their parts, you don't get to buy the consumer
Speaker 1: goods that you want. The entire economy breaks down over that.
Speaker 1: But that's the problem with the money, Mark, Is that
Speaker 1: what you're telling me, Mark that's exactly what I'm telling you.
Speaker 1: And not only I telling you that it's the problem
Speaker 1: with the money, I'm also telling you that bitcoin can
Speaker 1: fix that. It's a big claim. So let me let
Speaker 1: me explain what I'm talking about here. Now. First off,
Speaker 1: I'm sure you've heard by now the supply chains are
Speaker 1: breaking down everywhere, Right's chains are breaking down. Or you've
Speaker 1: probably gone to buy goods and you've noticed that you
Speaker 1: can't get some of the things that you want are
Speaker 1: they're way more expensive, Like use cars are up thirty
Speaker 1: because new cars can't be sold as much because we
Speaker 1: don't have chips that go in them, right, supply chain issues. Now,
Speaker 1: the supply chain is a it's a complex dynamic system
Speaker 1: on a minsive scale. I mean it's it's a global scale.
Speaker 1: It's uh, it's probably as complex as the as a
Speaker 1: climate chain system. And it's that big. And a lot
Speaker 1: of people maybe kind of think they have an idea
Speaker 1: of how the supply chains work, but probably a few
Speaker 1: people have actually taken the time to think about it,
Speaker 1: to think about how big, how complex it really is.
Speaker 1: All right, so let me just take you through it,
Speaker 1: just a very very simple thought exercise, but think about
Speaker 1: think about just going to the store like you normally do,
Speaker 1: and there's all these products on the store. How do
Speaker 1: those products get on the store shelves at the very
Speaker 1: time that you need it, at the same time at
Speaker 1: the place, right, So think about going to go store.
Speaker 1: You want to buy a little bread. Well, the bread
Speaker 1: didn't just magically get there, right, It was delivered by somebody.
Speaker 1: It was probably a local bakery maybe, And so it
Speaker 1: was delivered by a local bakery. There was a shelf
Speaker 1: at the store that put it on the shelf. Um,
Speaker 1: you carried it home, right, So somebody brought it there,
Speaker 1: somebody put on the shelf, you carried it home, You
Speaker 1: served it for dinner. That's the supply chain, right, the bakery,
Speaker 1: the store, you, and then the food. That's the supply chain.
Speaker 1: But that's that's that doesn't even scratch the surface. And
Speaker 1: I can't even really scratch the surface. So think about it, like,
Speaker 1: what about the truck that the driver used when they
Speaker 1: delivered the bread. Where did the bakery get the flour from?
Speaker 1: Where did the yeast and the water needed to make
Speaker 1: the bread? Where did that come from? What about the
Speaker 1: ovens that were used to bake the bread? What about
Speaker 1: the probably hundred thousand parts that went into the oven?
Speaker 1: Where did they come from? When the bread was baked
Speaker 1: out of that oven, um was it put into like
Speaker 1: a plastic bag or was it put into a paper bag?
Speaker 1: Where did those come from? Where did the parts for
Speaker 1: the plastic come from? For them to even make the
Speaker 1: plastic bags? Right now, I've expanded a little bit, but
Speaker 1: even that is just barely even scratching the surface. Right.
Speaker 1: The flower used for baking comes from wheat, of course, right? Well,
Speaker 1: where was where did the weak come from? It was
Speaker 1: grown on a farm? Okay? Well, well on the farm.
Speaker 1: Did they use fertilizer? Where the fertilizer come from? Do
Speaker 1: they use heavy equipment? Do they use the tractor? Well,
Speaker 1: where that tractor come from? Where did all the parts
Speaker 1: for the tractor come from? What about the farmer that
Speaker 1: hired labor? Where did those people come from? Do they
Speaker 1: use water? Where did that water come from? What about
Speaker 1: the first? Right? On and on and on? Right, we
Speaker 1: can just keep going and going and going. Right, Like
Speaker 1: I said, the oven they have, The oven itself has
Speaker 1: their own supply chain. Where did the steel come from?
Speaker 1: Where did the glass come from? Where did the semiconductors
Speaker 1: come from, where the electrical scirpts come from? And on
Speaker 1: and on and on. Now, the ovens, you know, are
Speaker 1: either you know, handcrafted, made by hand, or their mass
Speaker 1: produced in a factory that then also uses probably assembly lines.
Speaker 1: And then what about those assembly lines? Where did those
Speaker 1: parts come from? The factory uses inputs like electricity, So
Speaker 1: where does the electricity come from? Do they use natural gas? Uh? Right?
Speaker 1: Where where does that come from? Where are the lines
Speaker 1: that run the natural gas? Um the store that sells
Speaker 1: the breads on the receiving end, right, And they require
Speaker 1: electricity as well. They also need gas for for heating.
Speaker 1: They they also need labor. They need loading docks and
Speaker 1: delivery rooms and inventory rooms. So you get it. It's complex, right,
Speaker 1: But how does all that work? How does that entire
Speaker 1: network work? How is it that the wheat is made
Speaker 1: and turned into flour and delivered to the baker and
Speaker 1: the baker knows the bags to use and get the
Speaker 1: bags and gets the bread to the shelf and the
Speaker 1: one loaf, And how does that entire system work? And
Speaker 1: that's just bread. Now think of that times every product
Speaker 1: in the world. For your tires on your car or
Speaker 1: your car itself, or the the phone, the iPhone that
Speaker 1: you may be listening to me on right now, think
Speaker 1: about everything else, and then you fig factory. And there's
Speaker 1: three million people United States seven and have billion people
Speaker 1: in the world that all have changing once needs and
Speaker 1: desires constantly. So how is it that no matter how
Speaker 1: irrational you are as a human. So for example, I
Speaker 1: love vanilla ice cream. I always want vanilla ice cream
Speaker 1: all the time, but today I want chocolate ice cream.
Speaker 1: I don't know why, I just do because I'm irrational, right,
Speaker 1: So how can we have three million people in the
Speaker 1: US or seven and a half billion people in the world,
Speaker 1: all irrational human beings that have constantly shifting once needs
Speaker 1: and desires, that have all different types of products that
Speaker 1: we want. And how is it that we can go
Speaker 1: to a restaurant or a store or sportings good store
Speaker 1: and have the exact product that I need with all
Speaker 1: those supply chains, with all those vendors, hundreds or not
Speaker 1: hundreds thousands, hundreds of thousands of vendors and people that
Speaker 1: are required to get those parts together to make that
Speaker 1: tennis racket or that bicycle or that surfboard or whatever
Speaker 1: it is. How does that work, how are all those
Speaker 1: people coordinating? Um, if I'm selling bread in the store,
Speaker 1: I don't know the farmer who's growing the wheat. I
Speaker 1: don't call him and say, hey, I'm gonna sell more
Speaker 1: bread next year, I need more wheat. No, all of
Speaker 1: that is coordinated by something called a signal. And what
Speaker 1: is the signal? The signal is the price. The price
Speaker 1: is the signal. So if the price of something goes up,
Speaker 1: for example, today, I want chocolate ice cream, well, then
Speaker 1: if everybody wants more chocolate ice cream, there's more demand
Speaker 1: for chocolate ice cream. Then guess what happens. The price
Speaker 1: goes up and two things happen. One people buy buy
Speaker 1: less chocolate ice cream, there's less demand, and two ice
Speaker 1: cream manufacturers make more chocolate ice cream. And so that signal,
Speaker 1: that price signal, is what coordinates the economy, like hey,
Speaker 1: we need more chocolate ice cream over here, or we
Speaker 1: need more bicycles over here, and so it's that signal.
Speaker 1: But what happens when the signal gets distorted and nobody
Speaker 1: can understand the signal. So if the price is the signal,
Speaker 1: the money is the communication. The money communicates the signal.
Speaker 1: The money communicates the price. When you pay for something
Speaker 1: with your money, you're paying the price. The price is
Speaker 1: the signal, and so money is not a lot of
Speaker 1: people really haven't taken the time to think about what
Speaker 1: money is. And if you haven't taken the time to
Speaker 1: think about what money is, then of course you don't
Speaker 1: understand why bitcoin is important because you don't get it.
Speaker 1: You haven't taken the time to think through this. But
Speaker 1: this is a massive, massive problem. I want to explain
Speaker 1: to you the money and the signal piece, but I
Speaker 1: wanna tell you how it gets corrupted and how it
Speaker 1: leads to bigger problems than the supply chains, Bigger than that.
Speaker 1: I want to explain to you that when I come back,
Speaker 1: you're listening to the Markmas Show, we're talking about bitcoin.
Speaker 1: If you haven't guess, we're talking about bitcoin, We're talking
Speaker 1: about money, We're talking about bitcoin. We're talking about solving
Speaker 1: the world problems. We're talking about the decentralized revolution, cryptocurrencies, etcetera.
Speaker 1: I'm talking about the price and why bitcoin is important,
Speaker 1: why it's worth the energy, why we should be spending
Speaker 1: even more energy on it. I have more in a second.
Speaker 1: Don't go away, all right, Welcome back, you are listening
Speaker 1: to the Mark Moa show. We're talking about bitcoin, We're
Speaker 1: talking about cryptocurrencies, we are talking about the decentralized revolution.
Speaker 1: And today, right now, we are talking about supply chains
Speaker 1: breaking down. Now, how does that apply to bitcoin. It's
Speaker 1: a good question, the one that you should know the
Speaker 1: answer to. It's the answer that you need to know
Speaker 1: because you need to know why do we even need
Speaker 1: something like bitcoin? Why is it even important? And it's
Speaker 1: because the money is broken. The fiat money system that
Speaker 1: we have is broken. The fiat money system being broken
Speaker 1: causes all the problems that we have today. So we say,
Speaker 1: if we can fix the money, we can fix the world.
Speaker 1: And that is what bitcoin is doing. So I was
Speaker 1: given a story of supply chains and how they work.
Speaker 1: I was explaining just a very simple example of a
Speaker 1: supply chain of bread and probably hopefully expanded you're you're
Speaker 1: thinking about that and to understand how big of a
Speaker 1: story that really is. It wasn't exaggerated, as a matter
Speaker 1: of fact, I made it seem very very simple, but
Speaker 1: I was explaining how, um, you know, all these parts
Speaker 1: or all these products take lots and lots of parts
Speaker 1: and and it requires this massive coordination all over the world.
Speaker 1: And when I say all over the world, I mean
Speaker 1: all over the world. So this isn't just the United
Speaker 1: States problem. Think about the iPhone. If you have an iPhone,
Speaker 1: which I forget, I don't know people in the US
Speaker 1: have one or something like that half the people probably,
Speaker 1: I'm not sure. But think about the iPhone itself. Right,
Speaker 1: So the iPhone comes from China, but did you know
Speaker 1: the glass that's used on the iPhone actually comes from
Speaker 1: South Korea, and the semiconductors in the phone came from Taiwan,
Speaker 1: and the intellectual property design came from of course Apple
Speaker 1: in California. The iPhone includes like flash storage that comes
Speaker 1: from Japan, includes gyroscopes that come from Germany, has audio amplifiers,
Speaker 1: battery chargers, um batteries, cameras, hundreds of other advanced parts.
Speaker 1: In total, Apple works with suppliers in forty three different
Speaker 1: country these on six different continents to source all the
Speaker 1: materials that go just into the iPhone. And that's such
Speaker 1: a quick example. And what I was saying is how
Speaker 1: how do the people making the glass know how much
Speaker 1: glass to make, and the people to make the semiconductors
Speaker 1: and so all of that has to get coordinated is
Speaker 1: done by the price and the money. When I pay
Speaker 1: for a product, that money is is communicating that price signal,
Speaker 1: and it works pretty good when the money supply stays
Speaker 1: relatively relatively constant. So for five thousand years, gold was money,
Speaker 1: and the gold, you know, the gold supply of the
Speaker 1: world increases. Gold miners are out there mining new gold,
Speaker 1: and it increases at a at a rate of about
Speaker 1: one and a half percent per year. And so the
Speaker 1: the increase in the in the monetary supply, the gold
Speaker 1: monetary supply increases at about the same rate as the
Speaker 1: population does, and so it's kind of expanding as the
Speaker 1: people are are are expanding as well. And so because
Speaker 1: that monetary supply is basically, you know, staying somewhat constant,
Speaker 1: that sig know, that price signal holds up pretty well
Speaker 1: and people can communicate properly. But what happens if I
Speaker 1: were to get a whole bunch more money, say eight
Speaker 1: trillion dollars, like like the United States government and the
Speaker 1: FED dumped into the market. Let's say that I took
Speaker 1: another eight trillion dollars and I just dumped it right
Speaker 1: into the market. Now, all that new money that I
Speaker 1: dumped in the market starts to distort the signal. Now
Speaker 1: the signal can't coordinate the people properly. Now, in the
Speaker 1: example I gave of the chocolate ice cream, if you
Speaker 1: with me before the break, I explained how when the
Speaker 1: price of chocolate ice cream goes up, two things happen.
Speaker 1: One people buy less chocolate ice cream, but two people
Speaker 1: make more of it. So there's a saying. We say
Speaker 1: that high prices are the cure for high prices. Now
Speaker 1: you know, unless you're living under a rock, you know
Speaker 1: that inflation is running insanely rampant. As a matter of fact,
Speaker 1: I think it was last Friday the Fed's new number inflation.
Speaker 1: The CPI, the consumer Price index is at six, is
Speaker 1: the highest point in forty years, four decades. And that
Speaker 1: means the cost of everything has gone up. Use cars up,
Speaker 1: homes are up, uh, stakes up, lumbers up, whatever. Um.
Speaker 1: If you're in another country like Europe, you're seeing natural
Speaker 1: gascup a thousand percent. In the US, fertilizers gone up
Speaker 1: a thousand percent. So prices are going up on everything
Speaker 1: like crazy. And like I said, typically high prices are
Speaker 1: the cure for high prices. And so when the price
Speaker 1: of things go up, people by less and other people
Speaker 1: make more. But when you dump eight trillion dollars into
Speaker 1: the market and prices go up, people don't care. They're
Speaker 1: gonna pay more anyway, they don't even care, they'll just
Speaker 1: pay more. But also it makes it very hard for
Speaker 1: the suppliers to make more because of the prices have
Speaker 1: gotten so high, and the supply chains are breaking down,
Speaker 1: and so the entire market starts to get distorted. We're
Speaker 1: warned about this by um one of my favorite economists,
Speaker 1: the austri the father of the Austrian school of economics,
Speaker 1: Leudwood von mess and something that he calls the crack
Speaker 1: up boom. I don't have an exactly word for word
Speaker 1: in front of me, but basically he warned us about
Speaker 1: a hundred years ago that anytime you have a credit
Speaker 1: and monetary expansion, which is what we've had, right. So
Speaker 1: since nineteen one, we severed the ties of the gold standard,
Speaker 1: and we've increased the monetary supply, we've printed more dollars,
Speaker 1: and we've had a credit expansion. So now there's about
Speaker 1: three hundred trillion dollars worth of debt that's been built up.
Speaker 1: That's three d trillion dollars of debt that's been built
Speaker 1: up in the last fifty years. So we've had a
Speaker 1: debt expansion of monetary expansion. So whenever you have a
Speaker 1: debt monetary expansion, that leads to an economic boom. So
Speaker 1: we've had that, right, So the economy has been booming
Speaker 1: for the last few decades. Whenever you have those two things,
Speaker 1: he says, what comes next is distortions in the market,
Speaker 1: worker shortages, misallocation, mismatch of products. And so now you're
Speaker 1: starting to see that this is where the supply chains
Speaker 1: are starting to break down. People are quitting their jobs
Speaker 1: to go trade cryptocurrencies or options on robin hood. People
Speaker 1: are quitting their jobs because they can stay home and
Speaker 1: make more on stimmy. The people that do stay working
Speaker 1: work less, They work slower, they work less efficient. As
Speaker 1: I said when we first started out, there's about a
Speaker 1: hundred plus or minus ships sitting off the coast of
Speaker 1: southern California. They can't get their um their cargo unloaded.
Speaker 1: I think it's like an average of like three weeks.
Speaker 1: But why, we've always known how to unload hips. It's
Speaker 1: nothing new. This is nothing that we haven't done before.
Speaker 1: Why is this happening all of a sudden. Now, of course,
Speaker 1: you know President Biden wants to go figure this out.
Speaker 1: He's gonna get to the bottom of it. But let
Speaker 1: me just make it real, make it real simple for you.
Speaker 1: It's the money, stupid. The money just told us a
Speaker 1: hundred years ago this would happen. If you have an
Speaker 1: expansion of the luntors by and a boom in the economy,
Speaker 1: it will lead to this exact same problem. So what
Speaker 1: comes next, per Messes, Well, the crack up boom. So
Speaker 1: he says, what comes next is that, he says, finally,
Speaker 1: the people will wake up when they realize that inflation
Speaker 1: is both permanent and intentional. Permanent and intentional. So the
Speaker 1: FED has a target, the Federal Reserve, the Central Bank
Speaker 1: of America has a target of two percent inflation. It's intentional.
Speaker 1: This is not an accident. Their goal is to steal
Speaker 1: two percent of your purchasing power from you every single year.
Speaker 1: But of course, like I said, as of last Friday,
Speaker 1: it was actually six point percent, not two. The reality
Speaker 1: is it's closer to that. They're intentionally stealing from you.
Speaker 1: So he said, when people wake up and realize it's
Speaker 1: intentional and constant. So it's intentional and that's their goal.
Speaker 1: It's not a temporary goal. This is their permanent goal.
Speaker 1: He says. When that happens, then people won't want to
Speaker 1: hold dollars anymore and they'll dump them as fast as
Speaker 1: they can, which is why people are buying anything and
Speaker 1: everything they can get their hands on now. Unintentionally they're
Speaker 1: doing this. They don't they don't probably understand this, but
Speaker 1: they're doing it. So like, shoot, I should probably buy
Speaker 1: a house right now because I may not be able
Speaker 1: to afford that house later. I should buy by buy
Speaker 1: a car right now because I mean by it later.
Speaker 1: I should probably buy more toilet paper now because I
Speaker 1: may not be able to get that toilet paper later.
Speaker 1: What they're really saying, they don't understand this, but what
Speaker 1: they're really saying is I have to get rid of
Speaker 1: these dollars today because they're becoming worthless and I won't
Speaker 1: be able to buy as much in the future. That's
Speaker 1: what That's what he's really saying. No, um, he wrote
Speaker 1: this over a hundred years ago, but it sounds pretty
Speaker 1: eerily of what we're seeing today, doesn't it. Remember, if
Speaker 1: you can fix the money to fix the world. But
Speaker 1: what did he say happens after that? Huh? I mean
Speaker 1: if he predicted this, what did he predict happens? And
Speaker 1: that's the part that I want to share with you next,
Speaker 1: because if you understand the past, you can understand the future.
Speaker 1: And he warned us and it's all coming true. These
Speaker 1: are the problems that the money has. And this is
Speaker 1: why something like bitcoin is so important. This is why
Speaker 1: when people say at the waste of energy, they don't
Speaker 1: understand how important this is. That's why I say we
Speaker 1: should put even more money into it. The supply chains
Speaker 1: breaking down is a massive problem. The supply chains breaking
Speaker 1: down is the economy breaking down. The entire are economy
Speaker 1: is the supply chain. Economy is goods and services. If
Speaker 1: the supply chains breakdown, I have no goods and services,
Speaker 1: I have no economy. That's how important this is. We
Speaker 1: can't go through booms and bus all the time. We
Speaker 1: need to fix this, and fixing the money will fix
Speaker 1: the world. I say we spend more energy. By the way,
Speaker 1: you're listening to the Mark Moa show, we're talking about bitcoin.
Speaker 1: If you didn't figure it out by now, we're talking
Speaker 1: about bitcoin cryptocurrencies. This decentralized revolution. Today, I'm talking about why,
Speaker 1: why does this matter? And most importantly, what did Ludwood
Speaker 1: want of means to say? What comes next? Don't go away?
Speaker 1: All right, welcome back. You're listening to the Markma Show.
Speaker 1: We're talking about bitcoin, we're talking about cryptocurrencies. We're talking
Speaker 1: about this decentralized revolution. There's a million, a million and
Speaker 1: one angles and ways and things that we can talk about. Today.
Speaker 1: We're talking about why, why do we even need this?
Speaker 1: Why do we even care? And I get it, you know, uh,
Speaker 1: coming from the United States, we have a you know,
Speaker 1: somewhat relatively money monetary supply whatever means. I mean, you know,
Speaker 1: our dollars lost its purchasing power in the last hundred year.
Speaker 1: So I don't know if that's stable, but it's definitely
Speaker 1: not anywhere near as bad as what we see in
Speaker 1: Lebanon or Argentina or Turkey or something like that. And
Speaker 1: so um, you know a lot of people don't realize
Speaker 1: why we need to fix the money, but they don't
Speaker 1: understand what money is. And more importantly, they don't understand.
Speaker 1: When they don't understand what money is, they don't understand
Speaker 1: what uh, what's wrong? With having a bad form of money.
Speaker 1: And so I was explaining how the supply chains breaking down.
Speaker 1: Supply chains breaking down means the economy is breaking down.
Speaker 1: When the economy breaks down, that means we have no wealth,
Speaker 1: because wealth is goods and services that come from the
Speaker 1: supply chain. And the reason why the supply chain is
Speaker 1: breaking down are not because we are buying too many products. Well,
Speaker 1: that's part of it, but the reason why supply chain
Speaker 1: is breaking down are because of the money. And not
Speaker 1: just because of the money, but because the federal government,
Speaker 1: the Federal Reserve Central Bank of America, printed fake counterfeit money,
Speaker 1: eight trillion dollars worth and dumped it into the economy,
Speaker 1: and it distorted the money supplied, distorted the signal that
Speaker 1: coordinates the economy, and now the economy doesn't know how
Speaker 1: to act, It doesn't know how to work because the
Speaker 1: signal has become distorted. It's sort of like, um, if
Speaker 1: you're listening to me over the radio right now, and
Speaker 1: you your car goes out of range, and I'm starting
Speaker 1: to get all staticky and you can't hear me real well,
Speaker 1: and now you don't know what I'm saying. You don't
Speaker 1: want to do and that's exactly what happens when you
Speaker 1: dump all that money into the system. And so we
Speaker 1: need to have a pure signal if we want to
Speaker 1: have if we want to have good action, I want
Speaker 1: the world to work properly, then we have to have
Speaker 1: clean signal. We can't have a fake, distorted signal. We
Speaker 1: can't manipulate the signal. The signal has to be pure
Speaker 1: and that comes from the money. So before the break,
Speaker 1: I was talking about my one of my favorite economists,
Speaker 1: Ludwig vun Mesas he's from the Austrian school of economics,
Speaker 1: and there's really um the main school of economic thought
Speaker 1: is is really spawned from what would be considered Kenzie
Speaker 1: and economic Actually we have heard of that before. It's
Speaker 1: John Maynard Keynes, and keyes is kind of the godfather
Speaker 1: of the system that we have today, which is basically
Speaker 1: he believes that, um, when the economy dips, the government
Speaker 1: should step in and should spend artificially inject artificially stimulate
Speaker 1: the economy with fake money to get it to start
Speaker 1: growing again. It's kind of like, um, if your battery
Speaker 1: died on your car your motorcycle and you bump start
Speaker 1: it or you jump started and so he thinks that
Speaker 1: it's okay for the government to create this fake counterfeit money, uh,
Speaker 1: temporarily just to dump it into the system, just to
Speaker 1: get it going again. So if you had, let's say
Speaker 1: that the economy dipped and you lost a dollar from
Speaker 1: the economy, he says that you should create fifty cents
Speaker 1: of fake counterfeit money of debt, spend that fifty cents
Speaker 1: to get that dollar worth of growth that you're missing.
Speaker 1: That was his plan. The problem is today that we're
Speaker 1: past what he calls the Kenzie and multiplier, which is
Speaker 1: when a when a country gets over debt to GDP,
Speaker 1: they don't get enough growth from the debt. So instead
Speaker 1: of spending fifty cents of debt to get a dollar growth,
Speaker 1: now you're spending a dollar of debt to get fifty
Speaker 1: cents of growth. So what that means is you're just
Speaker 1: digging yourself deeper and deeper in the whole. Now that's
Speaker 1: when you get over. The United States is about a
Speaker 1: hundred and thirty percent today. That doesn't sound good, does it.
Speaker 1: As a matter of fact, there's a report from Hirshman
Speaker 1: Capital that says that fifty one out of fifty two
Speaker 1: countries that have gone above a hundred and thirty percent
Speaker 1: debt to GDP have failed within fifteen years, and we're
Speaker 1: over that number. That's the problem. Now back to Ludwig
Speaker 1: Vam says he was talking about something called the crack
Speaker 1: up boom. He wrote that wrote about this about a
Speaker 1: hundred years ago, and I explained it. So he says, um.
Speaker 1: He says, when you have a credit and monetary expansion
Speaker 1: that leads to an economic boom, which is what we've had.
Speaker 1: He says, then it leads to distortions in the market,
Speaker 1: labor shortages, things like that, which is exactly what we have.
Speaker 1: But it's what comes next. He says. Then then people
Speaker 1: realize that inflation um is both intentional and permanent, which
Speaker 1: it is, and they realized that UM. So what happens then?
Speaker 1: He says, Then people will get rid of their dollars
Speaker 1: as fast as they can in the economical crash, and
Speaker 1: so we're at that stage. People are getting rid of
Speaker 1: those dollars as fast as they can, and we're seeing
Speaker 1: those dollars losing value, or I should say, those dollars
Speaker 1: are buying less and less and less goods. A hundred
Speaker 1: dollars from a from a year ago buys you about
Speaker 1: eighty dollars worth of goods today. It's theft. The government's
Speaker 1: stealing from you. Do you like being stolen from? When
Speaker 1: I was I was like I forgot I think sevent
Speaker 1: eighteen years old. Um my car got broken into. They
Speaker 1: stole my stereo, they stole all my music out of it.
Speaker 1: And it was like the most like, it was the
Speaker 1: most violating thing I've ever felt. It was just like this.
Speaker 1: It was like it was like a personal attack on me.
Speaker 1: I was violated. I just felt so bad. It was
Speaker 1: like the worst feeling like. And if you've ever been
Speaker 1: stolen from, then you then you understand that feeling. It's
Speaker 1: it's horrible. But that's what the government's doing. They're stealing
Speaker 1: from you. Every time they print another dollar, they're stealing
Speaker 1: the value of your dollars. So when they create one
Speaker 1: more dollar, all the existing dollars are worth less. They
Speaker 1: buy less. You don't have any control over it's theft. Now.
Speaker 1: The reason why they do that is because the government
Speaker 1: has too much debt and they can't increase taxes enough.
Speaker 1: They can only increase taxes before the people are going
Speaker 1: to freak out and overthrow them, and so they can't
Speaker 1: really raise the taxes past where they're at right now.
Speaker 1: So their option is they can just keep printing more money.
Speaker 1: But the more dollars they print, the less your dollars
Speaker 1: are worth, So not only the dollars and your savings account,
Speaker 1: but also the dollars that you're earning as you work
Speaker 1: your life away. Now, when one group of people like
Speaker 1: you and I are forced to trade our time for money,
Speaker 1: working for money, but another group of people have a
Speaker 1: money printer they print money for free, that leads to
Speaker 1: slavery every single time. They're literally stealing your life with
Speaker 1: their money printing. And I'm not okay with that, okay
Speaker 1: with that. And it's not just that they're not just
Speaker 1: stealing the purchasing power from my dollars, they're distorting the
Speaker 1: entire market, the entire economy. The supply chains are breaking down,
Speaker 1: people are losing their jobs, people can't get the products
Speaker 1: they need on the stores. Like businesses have had a
Speaker 1: very tough time over the last year and alfter the
Speaker 1: pandemic being forced to shut down and all these things.
Speaker 1: Here we are Christmas is Christmas is coming up, and
Speaker 1: if they can have you know, a lot of these stores,
Speaker 1: maybe half of the revenue for the year comes from
Speaker 1: the Christmas season. But what if they can't get the
Speaker 1: products on their shelves. Supply chains are broken down, the ship,
Speaker 1: the ship from China didn't get unloaded. Now those customers
Speaker 1: come in to buy those products for their friends and family,
Speaker 1: but they're not on the shelves, they can't buy them.
Speaker 1: See how big of a problem this creates. Now that
Speaker 1: that that store doesn't sell the product, well, the vendor
Speaker 1: trying to sell them to him doesn't have the good.
Speaker 1: So the vendor loses out on the on the money,
Speaker 1: The store loses out on the money. Then the then
Speaker 1: the store that was hopefully and the vendor and store
Speaker 1: we're gonna make money. They were gonna spend that one.
Speaker 1: You know, they don't have that money to go spend.
Speaker 1: You see how big of a problem this is. And
Speaker 1: it's all because the money is broken. It's all because
Speaker 1: you're lovely government and their money printer or the central
Speaker 1: bank continues to print money that distorts these markets. So
Speaker 1: I know, I know, I know, I know they a
Speaker 1: lot of you love it. They they're buying your vote. Hey, hey, hey,
Speaker 1: we're gonna we're gonna spend more money on infrastructure. We're
Speaker 1: gonna we're gonna, we're gonna build some new roads and
Speaker 1: some bridges for you, and we're gonna send everybody free
Speaker 1: education and free healthcare, and we're gonna pay you to
Speaker 1: stay home and not work and all those things. And
Speaker 1: that sounds great, and a lot of people are for that.
Speaker 1: I mean, shoot, I'll raise my hand and take free
Speaker 1: money if you want to give it to me. But
Speaker 1: in the time of today, where everybody is thinking about
Speaker 1: the common good, think about how bad this is for
Speaker 1: the whole And that's why we need a new form
Speaker 1: of money like bitcoin. This is what bitcoin fixes, one
Speaker 1: of one of the millions of things the bitcoin fixes.
Speaker 1: If you fix the money, you fix the world. And
Speaker 1: that's why bitcoin is important. Hopefully that makes sense to you.
Speaker 1: Like I said, this is one of any million of
Speaker 1: the rabbit holes that we can dive down. But I
Speaker 1: want to get back to where we started, which is
Speaker 1: why people say that bitcoin is a waste of energy. Well,
Speaker 1: video games could be a waste of energy. Watching YouTube
Speaker 1: videos could be a waste of energy. Listening to me
Speaker 1: might even be a waste of your energy. But if
Speaker 1: we can create a money system that can fix the world,
Speaker 1: that can fix the supply James, fix the economy, fix
Speaker 1: the signal from the money. I say that's worth even
Speaker 1: more energy than more spending. I say, let's spend more
Speaker 1: energy to fix more of the world. And I say
Speaker 1: we do that as fast as we possibly can. Fix
Speaker 1: the money, fix the world. That's what bitcoin is doing.
Speaker 1: By the way, if you're just tuning in, you're listening
Speaker 1: to the Mark Moa show, we're talking about bitcoin. Of course,
Speaker 1: we're talking about cryptocurrencies. We're talking about the decentralized revolution
Speaker 1: that is happening right now, right before your eyes. It
Speaker 1: will fix the world. It's your opportunity to get in
Speaker 1: before the greatest wealth transfer happens. That's it. Thanks for listening.