1 00:00:00,040 --> 00:00:02,239 Speaker 1: Hello, and welcome back to another episode of the Markmas 2 00:00:02,279 --> 00:00:05,280 Speaker 1: Show where we talk about the decentralist revolution. But you 3 00:00:05,320 --> 00:00:07,920 Speaker 1: already knew that, well, assuming you tune in each and 4 00:00:08,039 --> 00:00:11,640 Speaker 1: every week, which of course if you're not, then I 5 00:00:11,680 --> 00:00:14,040 Speaker 1: hope you do. So, just if you're not driving, pull 6 00:00:14,040 --> 00:00:16,600 Speaker 1: out your phone, this thing right here that doesn't leave 7 00:00:16,640 --> 00:00:18,520 Speaker 1: your side, put a calendar reminder to be with me 8 00:00:18,520 --> 00:00:21,680 Speaker 1: each and every time, this time, this channel, each and 9 00:00:21,720 --> 00:00:23,759 Speaker 1: every week where I'm here in keeping you up to 10 00:00:23,800 --> 00:00:26,680 Speaker 1: date on what's happening as the world is transitioning from 11 00:00:26,680 --> 00:00:28,080 Speaker 1: the old into the new. And of course we look 12 00:00:28,120 --> 00:00:30,560 Speaker 1: at it through the lens of politics, finance, and technology, 13 00:00:30,760 --> 00:00:33,680 Speaker 1: so you get this holistic view, of course, where we 14 00:00:33,680 --> 00:00:35,879 Speaker 1: look at it through the lens of technology, which is 15 00:00:35,880 --> 00:00:40,040 Speaker 1: what drives change. And of course that technology is bitcoin. 16 00:00:40,200 --> 00:00:42,199 Speaker 1: That's right, We got the mug right here. Um, so 17 00:00:42,240 --> 00:00:43,519 Speaker 1: we're looking at that, and of course I like to 18 00:00:43,520 --> 00:00:45,319 Speaker 1: bring to you some of the latest breaking news each 19 00:00:45,360 --> 00:00:47,199 Speaker 1: and every week, and that's exactly what we're looking at 20 00:00:47,280 --> 00:00:49,920 Speaker 1: right now, some of the big big stories that happened 21 00:00:49,920 --> 00:00:53,959 Speaker 1: this week, and of course, well, like like a lot 22 00:00:53,960 --> 00:00:58,480 Speaker 1: of weeks, all eyes on the Federal Reserve the Federal Reserve. 23 00:00:58,840 --> 00:01:01,520 Speaker 1: We're all watching them to tell us what the fate is, 24 00:01:01,640 --> 00:01:04,800 Speaker 1: what comes next with our money. And so there's quite 25 00:01:04,840 --> 00:01:06,200 Speaker 1: a few stories that came out this week that I 26 00:01:06,200 --> 00:01:08,640 Speaker 1: think are pretty important to look at. I want to 27 00:01:08,640 --> 00:01:14,640 Speaker 1: look at the potential attack vectors. UM. You know, Henry 28 00:01:14,680 --> 00:01:16,920 Speaker 1: Kissinger said that if you control the food, you control 29 00:01:16,959 --> 00:01:19,280 Speaker 1: the people, you control the money. I'm sorry, control the food, 30 00:01:19,280 --> 00:01:21,959 Speaker 1: control the people, control the energy, control the continent, control 31 00:01:22,040 --> 00:01:27,400 Speaker 1: the money, control the world. So that's the three attack victors. Food, energy, money, food, energy, money, 32 00:01:27,440 --> 00:01:29,280 Speaker 1: and money is what we're talking about right now. Today. 33 00:01:29,319 --> 00:01:31,360 Speaker 1: We talked about energy earlier. If you missed it, check 34 00:01:31,360 --> 00:01:35,479 Speaker 1: out on the podcast. Just search Mark Moss podcast UM. 35 00:01:35,560 --> 00:01:37,760 Speaker 1: You can find on the iHeart Radio app. You can 36 00:01:37,760 --> 00:01:41,560 Speaker 1: find it on iTunes player. You can find me on YouTube, 37 00:01:41,640 --> 00:01:44,560 Speaker 1: just search Mark Moss on YouTube, or these go up 38 00:01:44,560 --> 00:01:47,319 Speaker 1: on the Market Disruptors channels. To check out market disruptors 39 00:01:47,360 --> 00:01:49,680 Speaker 1: on YouTube, you can find them there. But one of 40 00:01:49,680 --> 00:01:55,320 Speaker 1: the stories I saw this week was talking about the 41 00:01:55,360 --> 00:02:01,440 Speaker 1: infamous the well not much anticipated it maybe much feared 42 00:02:02,040 --> 00:02:04,680 Speaker 1: c B d C s. And as I'm talking about 43 00:02:04,680 --> 00:02:07,520 Speaker 1: the Central Bank digital currencies, of course we've talked about 44 00:02:07,560 --> 00:02:11,280 Speaker 1: them extensively on this channel. Uh, there's something that is coming. 45 00:02:11,360 --> 00:02:15,240 Speaker 1: It's definitely not an if, it's a when it's coming. 46 00:02:15,360 --> 00:02:17,480 Speaker 1: We know that like a hundred nations in the world 47 00:02:17,520 --> 00:02:20,440 Speaker 1: are working on central bank digital currencies. We know many 48 00:02:20,480 --> 00:02:23,400 Speaker 1: nations have already rolled them out, including China has rolled 49 00:02:23,400 --> 00:02:25,839 Speaker 1: out their central bank digital currencies. And of course why 50 00:02:25,919 --> 00:02:28,240 Speaker 1: wouldn't China be one of the very first ones to 51 00:02:28,240 --> 00:02:35,280 Speaker 1: get it out because of what China is, communist totalitarian regime. 52 00:02:35,280 --> 00:02:37,320 Speaker 1: We're gonna call it out for what it is. Anyone 53 00:02:37,320 --> 00:02:39,639 Speaker 1: that doesn't like that, I'm sorry, I'm not pro China. 54 00:02:40,120 --> 00:02:44,680 Speaker 1: It's a They are the c c P, the Communist 55 00:02:45,040 --> 00:02:49,760 Speaker 1: Chinese Party, That's what they are. And so of course, um, 56 00:02:49,840 --> 00:02:52,280 Speaker 1: they want to have the Great Firewall of China and 57 00:02:52,320 --> 00:02:55,040 Speaker 1: prohibit what people can and cannot do on the internet, 58 00:02:55,080 --> 00:02:57,440 Speaker 1: what they can and cannot see. Um, they want to 59 00:02:57,520 --> 00:03:01,239 Speaker 1: use a social credit score system to control the people 60 00:03:01,320 --> 00:03:03,640 Speaker 1: on where they can go, how they can move, what 61 00:03:03,760 --> 00:03:07,080 Speaker 1: they can buy, and of course they want the money 62 00:03:07,160 --> 00:03:10,160 Speaker 1: that basically puts the boat on that package and really 63 00:03:10,200 --> 00:03:13,160 Speaker 1: helps that authoritarian regime. But of course you expect that 64 00:03:13,160 --> 00:03:16,120 Speaker 1: in China, but in the United States in the land 65 00:03:16,160 --> 00:03:18,680 Speaker 1: of the free, the land of the free, where we 66 00:03:18,800 --> 00:03:23,920 Speaker 1: still celebrate our military who fought and died for our freedoms. 67 00:03:23,960 --> 00:03:29,160 Speaker 1: But apparently, apparently freedom is a dirty word these days. 68 00:03:29,160 --> 00:03:33,480 Speaker 1: The freedom now must be some fringe right wing conspiracy thing, 69 00:03:33,600 --> 00:03:36,480 Speaker 1: like who would want a thing such as freedom? But 70 00:03:36,560 --> 00:03:41,440 Speaker 1: I thought we still celebrated our Veterans Day here in America. 71 00:03:41,480 --> 00:03:44,040 Speaker 1: As a matter of fact, my grandfather's decorated World War Two. 72 00:03:44,120 --> 00:03:47,280 Speaker 1: That my father is a Vietnam that they risk their 73 00:03:47,320 --> 00:03:50,480 Speaker 1: lives for freedom. But I want freedom today. And I 74 00:03:50,480 --> 00:03:54,800 Speaker 1: guess I'm some crazy right wing nut over that. But 75 00:03:54,840 --> 00:03:56,680 Speaker 1: I'm not gonna take that, and hopefully you aren't either. 76 00:03:57,400 --> 00:04:01,920 Speaker 1: Is the FED setting the trap a recession trap? Is 77 00:04:01,960 --> 00:04:05,320 Speaker 1: the recession a trap to get us into CBDCs? Well, 78 00:04:05,320 --> 00:04:07,400 Speaker 1: it's an interesting viewpoint of this article I was reading 79 00:04:07,440 --> 00:04:12,600 Speaker 1: this week. And of course, you know that politicians want 80 00:04:12,640 --> 00:04:16,480 Speaker 1: to use every opportunity they can to usher in their agenda. 81 00:04:16,600 --> 00:04:20,400 Speaker 1: You've heard the saying never let a crisis go to waste. Um. 82 00:04:21,279 --> 00:04:23,599 Speaker 1: You know where the origins of that start are disputed? 83 00:04:23,640 --> 00:04:25,160 Speaker 1: I don't really know. I think he goes all the 84 00:04:25,160 --> 00:04:28,719 Speaker 1: way back to World War Two. Um, good old Winston Churchill, 85 00:04:28,800 --> 00:04:33,520 Speaker 1: who was a hero at the time he was working 86 00:04:33,880 --> 00:04:37,400 Speaker 1: on forming the United Nations of the u N and 87 00:04:37,680 --> 00:04:39,560 Speaker 1: maybe with the benefit of hinds at, I wouldn't call 88 00:04:39,600 --> 00:04:41,480 Speaker 1: him a hero. Um. I'm not a fan of the 89 00:04:41,560 --> 00:04:44,080 Speaker 1: United Nations. I'm not a fan of a one world 90 00:04:44,120 --> 00:04:46,960 Speaker 1: government or laying down our sovereignty or freedom to anybody. 91 00:04:47,120 --> 00:04:49,440 Speaker 1: Neither should you be. But I think it was Winston 92 00:04:49,480 --> 00:04:51,080 Speaker 1: Churchill that first kind of said that never let a 93 00:04:51,120 --> 00:04:55,120 Speaker 1: crisis go to waste. And really what that means is, 94 00:04:55,160 --> 00:04:58,200 Speaker 1: like I said, anytime there's a crisis, well let's just 95 00:04:58,440 --> 00:05:01,920 Speaker 1: use that to our political aine. And I can't blame him. 96 00:05:02,000 --> 00:05:03,919 Speaker 1: I do the same thing if there's a crisis. I 97 00:05:04,000 --> 00:05:07,599 Speaker 1: use a piece of news for my media. I might 98 00:05:07,839 --> 00:05:10,320 Speaker 1: talk about it here to get me more views or 99 00:05:10,360 --> 00:05:12,880 Speaker 1: something like that. So maybe we all do that. Um, 100 00:05:12,920 --> 00:05:15,800 Speaker 1: of course, I'm much more harmless. I'm not trying to 101 00:05:15,920 --> 00:05:18,240 Speaker 1: coerce you into anything. I put information out there if 102 00:05:18,240 --> 00:05:20,280 Speaker 1: you want to take it, if you don't, don't take it. 103 00:05:20,520 --> 00:05:23,000 Speaker 1: I'm not trying to force you into that. One of 104 00:05:23,000 --> 00:05:24,960 Speaker 1: the one of the days when I see saw the 105 00:05:25,040 --> 00:05:30,240 Speaker 1: most amount of freedom die. One day it died and 106 00:05:30,279 --> 00:05:32,800 Speaker 1: we're talking about nine eleven and under nine eleven. Of 107 00:05:32,839 --> 00:05:34,800 Speaker 1: course it was. It was. It was a tragedy. I 108 00:05:34,800 --> 00:05:38,120 Speaker 1: can still remember. I'll never forget where I was at 109 00:05:38,120 --> 00:05:41,719 Speaker 1: the exact moment I saw on the TV when that happened. 110 00:05:41,960 --> 00:05:46,400 Speaker 1: As an American patriot. It hit me hard. It rallied everybody. 111 00:05:46,480 --> 00:05:49,920 Speaker 1: I remember, was it. Tillman played for the Arizona Cardinals. 112 00:05:49,920 --> 00:05:53,200 Speaker 1: He quit becoming, he quit the NFL professional football career 113 00:05:53,240 --> 00:05:58,679 Speaker 1: to go and fight, lay down his life for what freedom? 114 00:05:58,800 --> 00:06:01,920 Speaker 1: But it killed more freedom. As a matter of fact, 115 00:06:01,960 --> 00:06:04,520 Speaker 1: never let a political never let never let a crisis 116 00:06:04,520 --> 00:06:07,240 Speaker 1: go to waste um that brought together what was known 117 00:06:07,279 --> 00:06:09,839 Speaker 1: as the Patriot Act, and the Patriot Act is what 118 00:06:09,960 --> 00:06:14,480 Speaker 1: allowed unfettered government access to the private data of citizens 119 00:06:14,520 --> 00:06:20,120 Speaker 1: and was an unprecedented loss of freedoms for Americans. That's 120 00:06:20,120 --> 00:06:22,120 Speaker 1: when we got the t s A. If you're not 121 00:06:22,120 --> 00:06:24,039 Speaker 1: old enough to remember, we didn't used to have to 122 00:06:24,080 --> 00:06:26,520 Speaker 1: get padded down in frisk to get on an airplane. 123 00:06:26,680 --> 00:06:28,560 Speaker 1: We didn't used to have to stand in line for 124 00:06:28,600 --> 00:06:32,960 Speaker 1: hours and hours on time inconveniencing everybody over that. We 125 00:06:33,000 --> 00:06:36,159 Speaker 1: didn't have to. We didn't have the government's spine on 126 00:06:36,240 --> 00:06:40,719 Speaker 1: every form of communication before that. That was when probably 127 00:06:40,839 --> 00:06:43,320 Speaker 1: the biggest loss of freedom happen died. Of course, other 128 00:06:43,360 --> 00:06:45,679 Speaker 1: crisis is two thousand and eight, you know, the Great 129 00:06:45,720 --> 00:06:49,479 Speaker 1: Financial crash. We saw the passing of the Dodd Frank 130 00:06:49,560 --> 00:06:52,480 Speaker 1: Wall Street Reform and Consumer Protection Act, which sounds so good, 131 00:06:52,480 --> 00:06:55,760 Speaker 1: who of course wouldn't vote for that, um but you 132 00:06:55,800 --> 00:06:58,839 Speaker 1: know in March to send it past the economic growth 133 00:06:58,960 --> 00:07:01,839 Speaker 1: rate regulatory relief in the Summer Protection Act. But it 134 00:07:01,960 --> 00:07:07,560 Speaker 1: exempted dozens of banks from those regulations, so you know, 135 00:07:07,680 --> 00:07:10,600 Speaker 1: rules for the not for me, sort of like when 136 00:07:10,640 --> 00:07:15,400 Speaker 1: the government mandated that everybody take vaccines but then exempted 137 00:07:16,280 --> 00:07:18,880 Speaker 1: themselves from having to take it. Interesting how that works, 138 00:07:18,920 --> 00:07:22,000 Speaker 1: isn't it. Now we have another crisis looming, a big one. 139 00:07:22,120 --> 00:07:26,320 Speaker 1: We have this uh massive economic crisis, and it's dangerous. 140 00:07:26,320 --> 00:07:27,760 Speaker 1: I'm not gonna sure go to talk about each and 141 00:07:27,760 --> 00:07:29,920 Speaker 1: every week. Of course, I'm talking about the eighty year 142 00:07:29,960 --> 00:07:32,920 Speaker 1: financial revolution cycle. We're in that right now. The entire 143 00:07:32,960 --> 00:07:34,600 Speaker 1: financial system is going to be a reset. If you 144 00:07:34,600 --> 00:07:37,000 Speaker 1: haven't caught up on that thesis by now, just check 145 00:07:37,040 --> 00:07:40,360 Speaker 1: out my main YouTube channel, Mark Moss and search three cycles. 146 00:07:40,360 --> 00:07:42,720 Speaker 1: I have a playlist that breaks us all down. And 147 00:07:42,720 --> 00:07:45,960 Speaker 1: about every eighty years we see the financial system get reset, 148 00:07:46,000 --> 00:07:48,880 Speaker 1: and so that's happening. Never let that go to waste. 149 00:07:48,880 --> 00:07:51,520 Speaker 1: Of course, Cloud Schwab, the head of the world that 150 00:07:51,600 --> 00:07:55,480 Speaker 1: kindic form, wrote a book called COVID nineteen, The Great Reset. 151 00:07:55,520 --> 00:07:58,560 Speaker 1: It's the name of the book. Never letting a crisis 152 00:07:58,560 --> 00:08:01,320 Speaker 1: go to waste. Let's use this crisis, is man made 153 00:08:01,360 --> 00:08:05,080 Speaker 1: or not, and turn that into a huge opportunity. But 154 00:08:05,120 --> 00:08:08,360 Speaker 1: here we have this looming recession, and we've just got 155 00:08:08,400 --> 00:08:10,960 Speaker 1: another bill passed I've been talking about. It's called the 156 00:08:11,000 --> 00:08:14,440 Speaker 1: Inflation Reduction Act, which, of course, who doesn't want to 157 00:08:14,800 --> 00:08:17,520 Speaker 1: um reduce the inflation. But what you have to be 158 00:08:17,560 --> 00:08:20,240 Speaker 1: aware of is that these these bills typically have the 159 00:08:20,360 --> 00:08:22,880 Speaker 1: adverse effect, and so this ne gonna do anything to 160 00:08:22,880 --> 00:08:24,320 Speaker 1: fight inflation. As a matter of fact, it's going to 161 00:08:24,400 --> 00:08:27,160 Speaker 1: increase inflation. But buried in the text of that bill 162 00:08:27,760 --> 00:08:30,600 Speaker 1: brings back something that keeps resurfacing. And how it came 163 00:08:30,640 --> 00:08:33,160 Speaker 1: up in the stimp in the first stimulus bills in 164 00:08:33,200 --> 00:08:37,320 Speaker 1: March of me got shot down, it came back up 165 00:08:37,320 --> 00:08:40,520 Speaker 1: again in another stimulus bill, and pop back up again 166 00:08:40,520 --> 00:08:44,360 Speaker 1: in an executive order in March pop back up again 167 00:08:44,400 --> 00:08:46,439 Speaker 1: in the Inflation of Reduction Act bill that just came 168 00:08:46,440 --> 00:08:49,559 Speaker 1: out again, and it keeps popping up the last two years. 169 00:08:49,559 --> 00:08:52,440 Speaker 1: And each one of these little crisis is that they're 170 00:08:52,480 --> 00:08:56,320 Speaker 1: just trying to sneak it through. What am I talking about, Well, 171 00:08:56,360 --> 00:08:57,720 Speaker 1: you're gonna have to wait a minut to find out. 172 00:08:58,880 --> 00:09:00,480 Speaker 1: You're listening to the Mark Mos Show. We talked about 173 00:09:00,480 --> 00:09:02,360 Speaker 1: the decentralized revolution, talk about the way the world is 174 00:09:02,480 --> 00:09:05,400 Speaker 1: changing from the old system to the new system. We're 175 00:09:05,400 --> 00:09:07,679 Speaker 1: looking at through the lens of politics, finance, and technology. 176 00:09:07,720 --> 00:09:11,880 Speaker 1: Of course that technology being bitcoin and cryptocurrencies. And we're 177 00:09:11,880 --> 00:09:15,320 Speaker 1: talking about this big change, uh, this crisis that's not 178 00:09:15,320 --> 00:09:17,440 Speaker 1: going to waste. How they're trying to slip this through. 179 00:09:17,960 --> 00:09:19,440 Speaker 1: And when we come back fround a break, I'm gonna 180 00:09:19,480 --> 00:09:22,520 Speaker 1: tell you exactly what they are slipping through in this bill, 181 00:09:22,600 --> 00:09:24,160 Speaker 1: what this means for us, what the dangers are wanting 182 00:09:24,160 --> 00:09:25,800 Speaker 1: to be aware of, and what I think is going 183 00:09:25,840 --> 00:09:27,280 Speaker 1: to happen. So I got all that in more in 184 00:09:27,280 --> 00:09:29,400 Speaker 1: a minute when I come back from a break. So 185 00:09:29,440 --> 00:09:31,960 Speaker 1: don't go away, I'll be back, all right, Welcome back. 186 00:09:32,040 --> 00:09:34,120 Speaker 1: You are listening to the markmat Show. We talk about 187 00:09:34,400 --> 00:09:36,920 Speaker 1: the decentralized revolution, the way the world is changing through 188 00:09:36,920 --> 00:09:40,079 Speaker 1: the lens of politics, finance, and technology, and the technology 189 00:09:40,120 --> 00:09:43,160 Speaker 1: being bitcoin UM, and it is changing the world. And 190 00:09:43,200 --> 00:09:47,640 Speaker 1: of course today we're talking about a competitor that UM. 191 00:09:47,760 --> 00:09:50,000 Speaker 1: We have freedom money. We have the freedom to choose 192 00:09:50,040 --> 00:09:54,160 Speaker 1: what we want is money. Money communicates value. We used 193 00:09:54,160 --> 00:09:56,480 Speaker 1: to barter. We don't want money, we want the things 194 00:09:56,520 --> 00:09:59,720 Speaker 1: that money buys us. I need food, I need shelter, 195 00:10:00,200 --> 00:10:03,800 Speaker 1: I need energy. I don't need money. But because barter 196 00:10:03,960 --> 00:10:06,000 Speaker 1: is a very slow and efficient system, medium becomes a 197 00:10:06,000 --> 00:10:08,000 Speaker 1: medium exchange that allows us to get what we want 198 00:10:08,120 --> 00:10:11,240 Speaker 1: very clear, very quickly. But we can use whatever we 199 00:10:11,280 --> 00:10:13,520 Speaker 1: want is money. Money has been many things throughout many years, 200 00:10:13,720 --> 00:10:18,720 Speaker 1: many centuries, many decades. And if I wanted to get 201 00:10:18,760 --> 00:10:21,800 Speaker 1: something from you, I could say, Hey, I want this 202 00:10:21,880 --> 00:10:24,640 Speaker 1: thing from you. Um, I'll give you, um whatever, a 203 00:10:24,640 --> 00:10:27,280 Speaker 1: thousand bucks And you're like, nah, I don't want a 204 00:10:27,280 --> 00:10:29,559 Speaker 1: thousand bucks. I'm like, how about if I give you 205 00:10:29,600 --> 00:10:33,600 Speaker 1: like a iPhone? Will you take that? Nah? I don't 206 00:10:33,600 --> 00:10:35,920 Speaker 1: want that either. I might say, hey, what if I 207 00:10:35,960 --> 00:10:38,600 Speaker 1: built you a brand new website and launched a marketing 208 00:10:38,640 --> 00:10:41,920 Speaker 1: campaign for you. Oh, I'll take that. So then by 209 00:10:41,960 --> 00:10:46,600 Speaker 1: my labor or my expertise, I'm trading you that I'm 210 00:10:46,600 --> 00:10:49,400 Speaker 1: trading my labor, my expertise for that good that I want. 211 00:10:49,960 --> 00:10:52,680 Speaker 1: Right now, you might rather just take dollars because then 212 00:10:52,679 --> 00:10:54,920 Speaker 1: you can go buy whatever website you want. But you understand, 213 00:10:55,280 --> 00:10:57,720 Speaker 1: we can trade. We can always trade. We will always trade. 214 00:10:58,000 --> 00:11:02,120 Speaker 1: Everybody trades. People in prisons, they trade currency becomes like 215 00:11:02,160 --> 00:11:05,200 Speaker 1: cigarettes or things they can get a hold of. UM 216 00:11:05,240 --> 00:11:09,120 Speaker 1: in in elementary or preschool, kids are trading sandwiches for chips. 217 00:11:09,360 --> 00:11:12,800 Speaker 1: Right even in communist countries, people are still trading. Ways 218 00:11:12,800 --> 00:11:14,800 Speaker 1: gonna trade. We want um And so if we want 219 00:11:14,800 --> 00:11:17,040 Speaker 1: to use bitcoin, then so be it. Right. We don't 220 00:11:17,040 --> 00:11:19,040 Speaker 1: need to use the government's form of money. We can 221 00:11:19,080 --> 00:11:20,680 Speaker 1: trade whatever we want, but the government doesn't like that. 222 00:11:20,720 --> 00:11:24,200 Speaker 1: And so what have they been sneaking into this bill? Well, 223 00:11:24,360 --> 00:11:29,120 Speaker 1: they're sneaking in the pilot program for Central Bank Digital Currencies. 224 00:11:29,960 --> 00:11:32,000 Speaker 1: We can see that the exact text of the order 225 00:11:32,080 --> 00:11:35,679 Speaker 1: reads quote uh. The order also encourages the Photo Reserve 226 00:11:35,760 --> 00:11:38,360 Speaker 1: to continue its research, development and assessment efforts for a 227 00:11:38,520 --> 00:11:42,240 Speaker 1: U s c b DC, including development of a plan 228 00:11:42,360 --> 00:11:45,240 Speaker 1: for broader US government action and support of their work. 229 00:11:45,800 --> 00:11:50,000 Speaker 1: This this effort prioritizes US participation in multi country experimentation. 230 00:11:51,600 --> 00:11:55,640 Speaker 1: Prioritizes US participation in multi country experimentation, not just the 231 00:11:55,679 --> 00:12:00,000 Speaker 1: United States. Again, no laying down our sovereignty multi country 232 00:12:00,000 --> 00:12:04,520 Speaker 1: experimentation and ensures US leadership internationally to promote CBDC development 233 00:12:04,520 --> 00:12:09,400 Speaker 1: that is consistent with US priorities and democratic values. End quote. Now, 234 00:12:10,600 --> 00:12:12,880 Speaker 1: if that doesn't scare you, maybe I should read again. 235 00:12:12,880 --> 00:12:15,199 Speaker 1: But I'm not gonna read again. But it should. It 236 00:12:15,320 --> 00:12:18,600 Speaker 1: should scare you, because if they get that carried out, 237 00:12:19,000 --> 00:12:22,640 Speaker 1: it has a lot of disastrous things, including one the 238 00:12:22,679 --> 00:12:27,240 Speaker 1: big thing, UM participation in multi country experimentation. I don't 239 00:12:27,280 --> 00:12:31,120 Speaker 1: want the United States laying down in sovereignty. I believe 240 00:12:31,160 --> 00:12:34,640 Speaker 1: in cooperation, cooperation over coercion. We should work together. I 241 00:12:34,720 --> 00:12:37,600 Speaker 1: like global trade UM. I believe that through cooperation we 242 00:12:37,640 --> 00:12:40,480 Speaker 1: can take the UM one plus one and equal three 243 00:12:40,559 --> 00:12:46,000 Speaker 1: or four UM, not coercion, but not at the expense 244 00:12:46,040 --> 00:12:50,960 Speaker 1: of laying down what's best for our people. Now, if 245 00:12:51,000 --> 00:12:54,560 Speaker 1: if you also think about it, it really is laying 246 00:12:54,640 --> 00:12:58,640 Speaker 1: down the first steps to implementing basically a Chinese social 247 00:12:58,800 --> 00:13:00,760 Speaker 1: credit score system. And I know, I know, I know 248 00:13:00,840 --> 00:13:03,520 Speaker 1: that would never happen in the United States, Right, the 249 00:13:03,600 --> 00:13:09,280 Speaker 1: US dollar, the currency UM, Right, all these things, But 250 00:13:09,320 --> 00:13:10,680 Speaker 1: the one thing that you have to keep in mind 251 00:13:10,760 --> 00:13:15,200 Speaker 1: is that essential bank digital currency is way different than 252 00:13:15,200 --> 00:13:18,200 Speaker 1: any other cryptocurrency. It's not a cryptocurrency. It's not bitcoin, 253 00:13:18,600 --> 00:13:26,200 Speaker 1: all right. Bitcoin is a UM is a open, open source, permissionless, 254 00:13:27,040 --> 00:13:30,760 Speaker 1: trust less network protocol. What do I mean by that? 255 00:13:30,760 --> 00:13:33,160 Speaker 1: That means it's transparent. Anybody can see it, nobody needs permission. 256 00:13:33,160 --> 00:13:34,959 Speaker 1: Anybody can just get their phone out right now, this 257 00:13:35,120 --> 00:13:37,000 Speaker 1: very second. You can download an app on your phone 258 00:13:37,000 --> 00:13:40,040 Speaker 1: out of the app store, and you can have bitcoin 259 00:13:40,080 --> 00:13:42,280 Speaker 1: transferred to you right now. Now. How do you do 260 00:13:42,360 --> 00:13:44,560 Speaker 1: that with a bank? How do you download Venemo? While 261 00:13:44,600 --> 00:13:46,559 Speaker 1: you download Venemo, but then you have to get a 262 00:13:46,600 --> 00:13:48,120 Speaker 1: bank account. How do you get a ban account? Well, 263 00:13:48,120 --> 00:13:49,800 Speaker 1: I gotta go to the bank. What does the bank 264 00:13:49,840 --> 00:13:51,080 Speaker 1: need to give me a bank account? Well, I have 265 00:13:51,080 --> 00:13:54,040 Speaker 1: to get permission from them. To have a bank account. 266 00:13:54,040 --> 00:13:55,679 Speaker 1: I have to provide all kinds of paperwork, call kinds 267 00:13:55,679 --> 00:13:57,560 Speaker 1: of documentation, all kinds of prof of who I am, etcetera. 268 00:13:58,360 --> 00:14:00,439 Speaker 1: I don't have the right paperwork. If I'm not on 269 00:14:00,520 --> 00:14:02,200 Speaker 1: the right list, I don't get a bank acount. If 270 00:14:02,200 --> 00:14:04,280 Speaker 1: don't have a bankccount, I don't get Venmo or PayPal 271 00:14:04,480 --> 00:14:06,640 Speaker 1: or whatever. In order use PayPal, you have to permission. 272 00:14:06,640 --> 00:14:08,520 Speaker 1: As a matter of fact, they revoke people's permission all 273 00:14:08,520 --> 00:14:11,400 Speaker 1: the time, and an essential bank digital currency, they will 274 00:14:11,440 --> 00:14:13,240 Speaker 1: do the same thing. Now, half of the adults in 275 00:14:13,280 --> 00:14:16,240 Speaker 1: the world today have no access to the banking system. 276 00:14:16,320 --> 00:14:21,120 Speaker 1: Why because they don't have permission. They don't have permission 277 00:14:21,160 --> 00:14:23,480 Speaker 1: to join. And so bitcoin is the opposite of that. 278 00:14:23,520 --> 00:14:26,320 Speaker 1: Bitcoin is permission lists and anyone can download, anybody can 279 00:14:26,400 --> 00:14:29,480 Speaker 1: use it. It's transparent. Anybody can open it up and 280 00:14:29,520 --> 00:14:32,640 Speaker 1: see how many bitcoin there are today. I might ask 281 00:14:32,680 --> 00:14:35,080 Speaker 1: you how many dollars are there in circulation today, and 282 00:14:35,160 --> 00:14:38,240 Speaker 1: you might reply that you don't know, because nobody knows, 283 00:14:38,400 --> 00:14:40,320 Speaker 1: and we don't know how many the federals ave will 284 00:14:40,360 --> 00:14:42,240 Speaker 1: create by the end of this week, or by into 285 00:14:42,240 --> 00:14:46,000 Speaker 1: the month, or by into the year, or et cetera. Um. 286 00:14:46,080 --> 00:14:49,360 Speaker 1: And so it is the exact opposite of that. It's 287 00:14:49,400 --> 00:14:52,600 Speaker 1: a Instead, it's a digital currency controlled by the federal government. 288 00:14:52,600 --> 00:14:54,960 Speaker 1: Now they already control currency, right obviously the dollar, and 289 00:14:55,000 --> 00:14:57,480 Speaker 1: the dollar is mostly digital. Eight percent of transactions done 290 00:14:57,480 --> 00:14:59,920 Speaker 1: with dollars are done digitally. I don't really carry cat 291 00:15:00,000 --> 00:15:01,720 Speaker 1: sh around. I use my debit card or my credit 292 00:15:01,720 --> 00:15:04,320 Speaker 1: card wherever I go. So we're already kind of there, 293 00:15:04,600 --> 00:15:07,480 Speaker 1: but essential by digital currencies or something different essential making 294 00:15:07,520 --> 00:15:12,480 Speaker 1: digital currencies are programmable. It's programmable money. So right now, 295 00:15:12,600 --> 00:15:14,200 Speaker 1: sure it's digital, and I can run up on my 296 00:15:14,280 --> 00:15:17,040 Speaker 1: visa card or through my PayPal VMO account, and eventually 297 00:15:17,080 --> 00:15:19,160 Speaker 1: that ties back to my bank account. And sure the 298 00:15:19,160 --> 00:15:21,360 Speaker 1: government can get all that data and they can sift 299 00:15:21,360 --> 00:15:23,120 Speaker 1: through and they can put pictures together, and if if 300 00:15:23,160 --> 00:15:25,000 Speaker 1: I was under some sort of investigation, they can easily 301 00:15:25,000 --> 00:15:29,000 Speaker 1: build that picture. Essentially, like digital currencies are different because 302 00:15:29,000 --> 00:15:31,480 Speaker 1: it's programmable. That means they get in front of you. 303 00:15:32,360 --> 00:15:35,320 Speaker 1: So right now they could say, hey, this person, well, 304 00:15:35,400 --> 00:15:38,120 Speaker 1: as they should write, I believe that we were innocent 305 00:15:38,280 --> 00:15:42,240 Speaker 1: until proven guilty. So if I was, you know, uh, 306 00:15:42,400 --> 00:15:44,760 Speaker 1: convicted of a crime, or if that was if I 307 00:15:44,800 --> 00:15:46,360 Speaker 1: was a suspect or whatever, they could go try to 308 00:15:46,360 --> 00:15:47,960 Speaker 1: get my record and they can try to put that together. 309 00:15:48,560 --> 00:15:52,640 Speaker 1: But but programmable money prevents you from taking actions in 310 00:15:52,680 --> 00:15:56,560 Speaker 1: the first place while you're still innocent. So what do 311 00:15:56,600 --> 00:16:01,280 Speaker 1: I mean by that? Um, well, let's see, Well we want. 312 00:16:01,600 --> 00:16:03,680 Speaker 1: We want to get rid of gas powered vehicles ICE 313 00:16:03,720 --> 00:16:08,520 Speaker 1: as they're called in internal combustion engines by So if 314 00:16:08,560 --> 00:16:12,400 Speaker 1: you don't buy an electric vehicle by then, then let's 315 00:16:12,400 --> 00:16:14,480 Speaker 1: just say, up, no more gas, for you can't buy 316 00:16:14,520 --> 00:16:18,560 Speaker 1: gas anymore with your central bank digital currencies. Um. Up, 317 00:16:18,960 --> 00:16:21,560 Speaker 1: you're only allowed six ounces of red meat. Um, you've 318 00:16:21,560 --> 00:16:23,880 Speaker 1: gone over your meat allowance, and so now you can't 319 00:16:23,920 --> 00:16:28,000 Speaker 1: buy any more red meat. Right, nothing good happens after midnight. Um, 320 00:16:28,120 --> 00:16:30,840 Speaker 1: you can't spend money after midnight. You shouldn't be smoking, 321 00:16:31,040 --> 00:16:33,440 Speaker 1: which you shouldn't be. But if you want to go 322 00:16:33,480 --> 00:16:35,680 Speaker 1: for it. But the government could say, uh, you can't 323 00:16:35,680 --> 00:16:37,800 Speaker 1: buy cigarettes anymore, or whatever it is. They can do 324 00:16:37,840 --> 00:16:41,480 Speaker 1: whatever they want. They can build that in algorithmically. Programmatically. 325 00:16:42,480 --> 00:16:44,320 Speaker 1: They could say, Hey, you're not saving enough money. We're 326 00:16:44,360 --> 00:16:47,720 Speaker 1: gonna give you a positive industrate. Hey you're saving too much, 327 00:16:48,000 --> 00:16:50,200 Speaker 1: you're hoarding. We're going to attack you with a negative 328 00:16:50,200 --> 00:16:53,480 Speaker 1: indust rate. Um, you're a minority group or an ethnic group, 329 00:16:53,520 --> 00:16:57,080 Speaker 1: we're gonna give you more money. Oh, you're a white 330 00:16:57,160 --> 00:16:59,600 Speaker 1: Christian national, we're gonna take money out of your account. 331 00:16:59,600 --> 00:17:03,760 Speaker 1: You can see how this works very quickly, and basically 332 00:17:03,840 --> 00:17:05,919 Speaker 1: what happens is you wouldn't have the ability to go 333 00:17:05,960 --> 00:17:07,479 Speaker 1: to the bank and pull your money out and put 334 00:17:07,520 --> 00:17:09,160 Speaker 1: it under your mattress or put it in your safe 335 00:17:09,200 --> 00:17:11,560 Speaker 1: and then use cash. There is no cash. There is 336 00:17:11,560 --> 00:17:14,560 Speaker 1: no money that you can have. Instead, what you have 337 00:17:15,160 --> 00:17:20,320 Speaker 1: is you have a ledger addition a credit if you will. 338 00:17:20,800 --> 00:17:23,320 Speaker 1: It's like some futuristic movie, right, Like your government gives 339 00:17:23,359 --> 00:17:25,680 Speaker 1: you a credit, and if you're a good little boy, 340 00:17:25,720 --> 00:17:27,320 Speaker 1: they give you more credits than if you're a bad 341 00:17:27,359 --> 00:17:29,879 Speaker 1: little boy, they take your credits away, but you have 342 00:17:29,920 --> 00:17:31,600 Speaker 1: no say over that ledger. They just add them and 343 00:17:31,600 --> 00:17:33,760 Speaker 1: take them as they want. Oh, you're doing really good 344 00:17:33,760 --> 00:17:35,919 Speaker 1: things for the environment, you get more credits to go 345 00:17:35,960 --> 00:17:38,920 Speaker 1: fly around the country. Oh you're you don't do anything positive, 346 00:17:39,119 --> 00:17:43,879 Speaker 1: you don't get to fly at all. See how that works. Um, 347 00:17:43,960 --> 00:17:45,959 Speaker 1: it gets even scarier than that. And I want to 348 00:17:46,200 --> 00:17:47,560 Speaker 1: I don't want to scare you. I want to talk 349 00:17:47,600 --> 00:17:50,000 Speaker 1: about how we're going to defeat this, how we're gonna 350 00:17:50,000 --> 00:17:52,560 Speaker 1: beat this, and how we're gonna come out ahead because 351 00:17:52,560 --> 00:17:57,800 Speaker 1: of it. Because with every um, everything bad, very very 352 00:17:58,160 --> 00:18:00,600 Speaker 1: everything like that, there's a silver lining, there's a there's opportunity. 353 00:18:00,800 --> 00:18:02,120 Speaker 1: So we'll talk about that in a minute. You listening 354 00:18:02,119 --> 00:18:04,199 Speaker 1: to the Markma Show. We're talking about the decentralized Revolution, 355 00:18:04,200 --> 00:18:06,120 Speaker 1: talking about the way the world is changing, and we're 356 00:18:06,119 --> 00:18:08,600 Speaker 1: talking about central bank digital currencies right now. How we're 357 00:18:08,600 --> 00:18:10,440 Speaker 1: gonna beat him, How it's gonna be our advantage. You 358 00:18:10,480 --> 00:18:11,880 Speaker 1: don't want to miss what I have to say coming 359 00:18:11,960 --> 00:18:13,520 Speaker 1: up next, so don't go away. I'll be right back. 360 00:18:13,920 --> 00:18:15,520 Speaker 1: All right, Welcome back. You are listening to the Mark 361 00:18:15,600 --> 00:18:18,640 Speaker 1: Ma Show. We're talking about the decentralized Revolution, talking about 362 00:18:18,640 --> 00:18:22,040 Speaker 1: the way the world is changing through the lens of politics, finance, 363 00:18:22,080 --> 00:18:24,560 Speaker 1: and technology. The technology we're talking about right now today 364 00:18:24,640 --> 00:18:27,320 Speaker 1: is of course, central bank digital currencies, which are the 365 00:18:27,400 --> 00:18:32,560 Speaker 1: opposite of Bitcoin, the opposite. Really, they couldn't be more opposite. 366 00:18:36,320 --> 00:18:41,960 Speaker 1: Bitcoin is permission lists. Central maink digital currencies will be permission. 367 00:18:42,440 --> 00:18:44,680 Speaker 1: You have to show your paperwork and get permission to 368 00:18:44,760 --> 00:18:49,720 Speaker 1: join that. Bitcoin is open um. Anybody can just join 369 00:18:49,760 --> 00:18:53,240 Speaker 1: the network and start using it. Central main digital currencies 370 00:18:53,240 --> 00:18:55,560 Speaker 1: are not. You can't build anything on top of centralin 371 00:18:55,600 --> 00:19:00,560 Speaker 1: digital currency. Bitcoin is open and transparent. It's trust less. 372 00:19:00,560 --> 00:19:02,200 Speaker 1: I don't have to trust it because I can see it, 373 00:19:02,600 --> 00:19:05,000 Speaker 1: I can hold it, I can hold custody sincial. Bank 374 00:19:04,960 --> 00:19:09,760 Speaker 1: digital currencies are trust I have to trust my government, uh, 375 00:19:10,200 --> 00:19:13,680 Speaker 1: not to take my credits away, not to um put 376 00:19:13,840 --> 00:19:15,560 Speaker 1: laws of restructions on how I can use those credits. 377 00:19:16,000 --> 00:19:21,000 Speaker 1: It's the exact opposite, the antithesis of what that is. UM. 378 00:19:21,040 --> 00:19:23,639 Speaker 1: And so we're talking about how UM right now, we 379 00:19:23,680 --> 00:19:26,199 Speaker 1: have laws against doing things illegal, as we should, but 380 00:19:26,240 --> 00:19:29,760 Speaker 1: we're innocent until we're proven guilty. UM. There's a movie 381 00:19:30,119 --> 00:19:34,199 Speaker 1: with Tom Cruise who was a minority report, and it 382 00:19:34,280 --> 00:19:37,080 Speaker 1: was about pre crime. They wanted to like use all 383 00:19:37,119 --> 00:19:39,960 Speaker 1: this technology and AI to do pre crime. Hey, we 384 00:19:40,080 --> 00:19:42,600 Speaker 1: see this guy's about to do a crime, so we're 385 00:19:42,640 --> 00:19:47,320 Speaker 1: gonna go arrest him now, which is a pretty interesting concept. 386 00:19:48,080 --> 00:19:50,399 Speaker 1: But again, we're innocent until proven guilty. So we have 387 00:19:50,480 --> 00:19:52,480 Speaker 1: laws like if you use money and you do something illegal, 388 00:19:52,560 --> 00:19:54,320 Speaker 1: then then you get punish for doing something illegal. But 389 00:19:54,359 --> 00:19:57,000 Speaker 1: we don't pre crime people. But that's essential bank digital 390 00:19:57,040 --> 00:19:58,760 Speaker 1: currencies want to do. They want to prevent you from 391 00:19:58,800 --> 00:20:00,720 Speaker 1: doing things that you shouldn't be doing, even things that 392 00:20:00,760 --> 00:20:07,040 Speaker 1: are not considered illegal. Now, how does this affect you? 393 00:20:07,320 --> 00:20:11,320 Speaker 1: How does it affect your retirement, your savings, your social security, 394 00:20:11,560 --> 00:20:16,280 Speaker 1: your money, your purchasing power. How does it affect you? Well, Um, 395 00:20:16,320 --> 00:20:18,320 Speaker 1: some of it's going to depend on which side of 396 00:20:18,320 --> 00:20:21,199 Speaker 1: the aisle you're on. Of course, if you're in this side, 397 00:20:21,359 --> 00:20:23,959 Speaker 1: if you're on the side of favor with the ruling 398 00:20:24,000 --> 00:20:27,520 Speaker 1: political party, you're better off. If you're on the opposing 399 00:20:27,560 --> 00:20:30,199 Speaker 1: side of the ruling political party, it's probably not going 400 00:20:30,240 --> 00:20:33,240 Speaker 1: to be super good for you. Right, just like in China. Right, 401 00:20:33,600 --> 00:20:35,919 Speaker 1: if you're in China, that's the same problem that you 402 00:20:35,960 --> 00:20:40,199 Speaker 1: have today. Um, you say something the government doesn't like. Uh, 403 00:20:40,520 --> 00:20:43,719 Speaker 1: too bad, Um, you don't get to buy anything. As 404 00:20:43,720 --> 00:20:46,080 Speaker 1: a matter of fact, we see here per the Wall 405 00:20:46,080 --> 00:20:51,480 Speaker 1: Street Journal, the official Chinese social credit system incorporates loan repayment, 406 00:20:52,000 --> 00:20:55,840 Speaker 1: credit card bills, adherence to traffic rules, adherence to family 407 00:20:55,880 --> 00:21:00,680 Speaker 1: planning limits, and reliability of information posted or repos stood online, 408 00:21:01,040 --> 00:21:04,479 Speaker 1: among other factors. In addition to the official inputs, social 409 00:21:04,520 --> 00:21:10,000 Speaker 1: credit UM incorporates political dissidents, personal values, and online speech 410 00:21:10,119 --> 00:21:15,000 Speaker 1: into each person's score. Someone's beliefs, political views, and online 411 00:21:15,000 --> 00:21:20,280 Speaker 1: behavior determine their ability to access services such as insurance 412 00:21:20,560 --> 00:21:26,119 Speaker 1: and banking, school admissions, internet services, SO services, and job eligibility. So. 413 00:21:27,000 --> 00:21:29,040 Speaker 1: Uh you know it looks like you're not that good 414 00:21:29,080 --> 00:21:31,040 Speaker 1: of a father. Oh, it looks like you said something 415 00:21:31,040 --> 00:21:34,360 Speaker 1: that we don't agree with personally. Up, looks like you're reposted, um, 416 00:21:34,960 --> 00:21:36,720 Speaker 1: a funny meme that you thought was funny, but we 417 00:21:36,720 --> 00:21:39,440 Speaker 1: didn't like it. And so you don't get a plane 418 00:21:39,440 --> 00:21:40,960 Speaker 1: to get a bus ticket, you don't get it, buy food, 419 00:21:41,000 --> 00:21:42,680 Speaker 1: you don't get a going vacation, you don't get a job. 420 00:21:44,960 --> 00:21:48,480 Speaker 1: That's purther Wall Street Journal on the social credit credit 421 00:21:48,480 --> 00:21:51,840 Speaker 1: system of China. But again, that is of course why 422 00:21:51,840 --> 00:21:54,399 Speaker 1: they want the Central bank digital currencies, and that's exactly 423 00:21:54,480 --> 00:21:56,600 Speaker 1: what the government is trying to put in. I say 424 00:21:56,600 --> 00:21:59,400 Speaker 1: it over and over and over. Without the freedom of payments, 425 00:21:59,440 --> 00:22:02,800 Speaker 1: there is no freedom. That's it. Not the freedom of payments, 426 00:22:02,840 --> 00:22:07,680 Speaker 1: there is no freedom. We're guaranteed freedoms in the Constitution 427 00:22:07,680 --> 00:22:10,720 Speaker 1: of the United States, like a guarantee freedom of assembly. 428 00:22:11,240 --> 00:22:14,160 Speaker 1: But if I can't pay a payment to put gas 429 00:22:14,160 --> 00:22:15,600 Speaker 1: in my truck or food when I get there, I 430 00:22:15,600 --> 00:22:20,480 Speaker 1: can't go assemble. I'm guaranteed freedom of um, of freedom 431 00:22:20,520 --> 00:22:24,320 Speaker 1: of speech, and here I am, I'm speaking freely to you. 432 00:22:24,400 --> 00:22:25,600 Speaker 1: But if I don't have the money to pay for 433 00:22:25,640 --> 00:22:27,600 Speaker 1: a camera or to get a computer to go on 434 00:22:27,600 --> 00:22:30,040 Speaker 1: to YouTube, or go online and go on Twitter, or 435 00:22:30,080 --> 00:22:32,080 Speaker 1: print a flyer or build a website. I don't really 436 00:22:32,119 --> 00:22:33,639 Speaker 1: have that. I mean, sure, I can stand in the 437 00:22:33,640 --> 00:22:35,439 Speaker 1: corner and yell the top of my lungs, but what 438 00:22:35,440 --> 00:22:36,919 Speaker 1: if I need a bullhorn? I can't even pay to 439 00:22:36,920 --> 00:22:39,080 Speaker 1: get the bullhorn. You see what I'm saying. I can 440 00:22:39,119 --> 00:22:41,520 Speaker 1: go on and on, but you get my point. Now, 441 00:22:42,040 --> 00:22:44,760 Speaker 1: what do we do about this? Now? I'll if we 442 00:22:44,800 --> 00:22:46,359 Speaker 1: if we go back through a little historical lesson. I 443 00:22:46,359 --> 00:22:49,840 Speaker 1: know you love my history lessons. Um. Gold was money 444 00:22:49,880 --> 00:22:53,280 Speaker 1: for five thousand years, for basically all of recorded history. 445 00:22:53,680 --> 00:22:55,240 Speaker 1: When I had my gold, I had my gold. No 446 00:22:55,280 --> 00:22:56,879 Speaker 1: would disputed that I had it. I can see it, 447 00:22:56,920 --> 00:22:58,600 Speaker 1: I held it. If I hand it to you, then 448 00:22:58,640 --> 00:23:01,200 Speaker 1: you have my gold. Easy. There's no there's no there's 449 00:23:01,200 --> 00:23:03,119 Speaker 1: no one in the middle of that, no government that 450 00:23:03,160 --> 00:23:05,320 Speaker 1: needs to censor and tell me whether I should be 451 00:23:05,320 --> 00:23:09,200 Speaker 1: giving you this gold for this cow or not. The 452 00:23:09,240 --> 00:23:13,879 Speaker 1: world words pretty good. What happened is gold is very slow. 453 00:23:14,480 --> 00:23:18,159 Speaker 1: Gold failed Golden car centralization, so the gold had to 454 00:23:18,160 --> 00:23:19,520 Speaker 1: go in the bank, and the bank gave me back 455 00:23:19,600 --> 00:23:21,600 Speaker 1: a gold certificate. I talked about this all the time, 456 00:23:21,600 --> 00:23:23,800 Speaker 1: I'm gonna skip through it pretty quickly. Um. But what 457 00:23:23,840 --> 00:23:26,359 Speaker 1: happened is they gave me a goal, a claim, and 458 00:23:26,480 --> 00:23:28,200 Speaker 1: I owe you I can go redeem that gold whenever 459 00:23:28,200 --> 00:23:29,880 Speaker 1: I wanted. But the problem is they printed way too 460 00:23:29,880 --> 00:23:31,520 Speaker 1: many of them. They didn't actually have all the gold 461 00:23:31,520 --> 00:23:33,960 Speaker 1: they said they did. Surprise surprise that you know, humans 462 00:23:34,000 --> 00:23:36,680 Speaker 1: would try to lie and manipulate. And so then when 463 00:23:36,760 --> 00:23:39,240 Speaker 1: everybody want to go get their gold back and said, hey, 464 00:23:39,240 --> 00:23:43,040 Speaker 1: we just want the gold, the government of the United States, 465 00:23:43,119 --> 00:23:45,600 Speaker 1: the Land of the Free, seized it. They stole it. 466 00:23:45,760 --> 00:23:48,400 Speaker 1: I said, nope, you can't get your gold ninete sixty 467 00:23:48,440 --> 00:23:51,120 Speaker 1: one out two. Nope, we make it illegal. And what 468 00:23:51,200 --> 00:23:52,840 Speaker 1: we do, and this is the key piece that I 469 00:23:52,840 --> 00:23:55,200 Speaker 1: want to hit on my air, And what we're doing 470 00:23:55,720 --> 00:23:57,600 Speaker 1: is we're gonna we're gonna give your money. Don't worry, 471 00:23:57,600 --> 00:23:59,800 Speaker 1: We're gonna give you twenty dollars of these us these 472 00:24:00,119 --> 00:24:03,000 Speaker 1: paper certificates. We're gonna gave you twenty dollars for every 473 00:24:03,080 --> 00:24:04,920 Speaker 1: one ounce of gold that we have in the bank. 474 00:24:04,920 --> 00:24:07,160 Speaker 1: Because that's that was the going rate. So people were 475 00:24:07,240 --> 00:24:10,760 Speaker 1: using these paper dollars knowing that any time they can 476 00:24:10,760 --> 00:24:12,560 Speaker 1: take twenty of them and go over deem announce the gold. 477 00:24:13,160 --> 00:24:15,240 Speaker 1: So when the when the when the banks seized it, 478 00:24:15,240 --> 00:24:19,480 Speaker 1: when they stole the gold, they said, um, nope, you 479 00:24:19,520 --> 00:24:22,080 Speaker 1: can't get gold anymore from us, and as a matter 480 00:24:22,080 --> 00:24:24,120 Speaker 1: of fact, you can't own gold anymore. You're not even 481 00:24:24,119 --> 00:24:26,160 Speaker 1: allowed to own it. But don't worry, We're gonna give 482 00:24:26,160 --> 00:24:29,520 Speaker 1: you twenty of these dollars for that gold. But of 483 00:24:29,560 --> 00:24:31,840 Speaker 1: course people want the gold. But then here's the key piece. 484 00:24:32,240 --> 00:24:36,680 Speaker 1: What they did is they turned around and instantly revalued 485 00:24:36,720 --> 00:24:39,520 Speaker 1: gold to thirty five dollars. They paid you twenty, and 486 00:24:39,560 --> 00:24:42,399 Speaker 1: then they revalued at thirty. See what they did. Not 487 00:24:42,480 --> 00:24:45,040 Speaker 1: only did they steal your gold, then they devalued your 488 00:24:45,040 --> 00:24:47,080 Speaker 1: money so you could buy way less good than service 489 00:24:47,080 --> 00:24:49,920 Speaker 1: than to do before. Why is that important Because as 490 00:24:49,960 --> 00:24:52,399 Speaker 1: the government is trying to sneak these things through, as 491 00:24:52,440 --> 00:24:55,080 Speaker 1: the government rules essentil make digital currencies out, what I 492 00:24:55,080 --> 00:24:58,399 Speaker 1: would expect to happen is something similar. History doesn't repeat 493 00:24:58,400 --> 00:25:00,680 Speaker 1: it. It It rhymes if I touched hot stove before and 494 00:25:00,680 --> 00:25:02,199 Speaker 1: I touched the hot stove again, I'll probably burn my 495 00:25:02,200 --> 00:25:04,160 Speaker 1: hand again. Maybe not the same finger, but I'm gonna 496 00:25:04,160 --> 00:25:09,760 Speaker 1: burn something. So what happens, well, the government says, hey, 497 00:25:09,800 --> 00:25:12,720 Speaker 1: all those dollars you have in the bank, Um, those 498 00:25:12,760 --> 00:25:15,080 Speaker 1: aren't like regular dollars anymore, and now they're central bank 499 00:25:15,119 --> 00:25:18,440 Speaker 1: digital currencies. But don't worry, they're still worth about the same. 500 00:25:19,920 --> 00:25:22,920 Speaker 1: And then once everyone makes the transition, then they devalue 501 00:25:22,880 --> 00:25:25,720 Speaker 1: them and then you lose your purchase in power. But 502 00:25:25,800 --> 00:25:28,480 Speaker 1: what if what I mean, what if you really need 503 00:25:28,480 --> 00:25:29,879 Speaker 1: that money. What if you're gonna make a purchase. What 504 00:25:29,960 --> 00:25:32,000 Speaker 1: if you're retired, what are you gonna do? Well, you 505 00:25:32,040 --> 00:25:35,040 Speaker 1: have to protect yourself outside of that. So let's go 506 00:25:35,119 --> 00:25:39,760 Speaker 1: back to um. If you had all your gold in 507 00:25:39,760 --> 00:25:41,840 Speaker 1: the bank and they stole it and then devalued it 508 00:25:42,000 --> 00:25:46,639 Speaker 1: from dollars, you lost like six of your money. What 509 00:25:46,720 --> 00:25:49,240 Speaker 1: if you didn't have any gold in the bank. What 510 00:25:49,320 --> 00:25:51,560 Speaker 1: if you had all your money on your farm, all 511 00:25:51,600 --> 00:25:53,400 Speaker 1: your money was in your heads of cattle and your 512 00:25:53,400 --> 00:25:56,439 Speaker 1: sheep and your goats and your land. Well, when they 513 00:25:56,480 --> 00:26:00,040 Speaker 1: stole everyone's gold and devalued it, that didn't affect you. 514 00:26:00,040 --> 00:26:02,520 Speaker 1: You weren't in that system, You weren't playing that game. 515 00:26:02,880 --> 00:26:04,800 Speaker 1: Your cows were still worth as much. As a matter 516 00:26:04,840 --> 00:26:07,000 Speaker 1: of factor, cows were worth more now because they pushed 517 00:26:07,000 --> 00:26:10,440 Speaker 1: the price up inflation. So the way you protect yourself 518 00:26:10,480 --> 00:26:14,119 Speaker 1: is don't play the game. Don't be in that game, 519 00:26:15,080 --> 00:26:18,040 Speaker 1: and you gotta get out. So how do you get out, Well, 520 00:26:18,119 --> 00:26:20,120 Speaker 1: you get out by one not holding all your money 521 00:26:20,119 --> 00:26:22,960 Speaker 1: in the bank. Um now, right now, we're in a 522 00:26:22,960 --> 00:26:24,720 Speaker 1: little bit of a dangerous transition. I don't expect this 523 00:26:24,760 --> 00:26:26,440 Speaker 1: to roll out right away. As a matter of fact, 524 00:26:26,880 --> 00:26:30,680 Speaker 1: it could be anywhere from twelve months, you know, one 525 00:26:30,720 --> 00:26:32,960 Speaker 1: to five years before we see something like this rollout. 526 00:26:33,000 --> 00:26:35,080 Speaker 1: So it's not gonna happen tomorrow. Don't freak out, don't 527 00:26:35,119 --> 00:26:38,159 Speaker 1: run to your bank right now, but continue to watch 528 00:26:38,200 --> 00:26:42,680 Speaker 1: this as it accelerates, and pay attention because act on 529 00:26:42,880 --> 00:26:44,719 Speaker 1: two when they sees the gold that came, well, I 530 00:26:44,760 --> 00:26:47,080 Speaker 1: wasn't alive. The way I understand history is that it 531 00:26:47,119 --> 00:26:50,040 Speaker 1: came kind of without warning. I would imagine if you 532 00:26:50,040 --> 00:26:51,600 Speaker 1: were paying attention. Of course, we didn't have the internet 533 00:26:51,600 --> 00:26:53,359 Speaker 1: and access to news like we do today. There was 534 00:26:53,359 --> 00:26:56,479 Speaker 1: probably some signs coming up, but we have the benefit 535 00:26:56,480 --> 00:26:57,880 Speaker 1: of that today. We have the benefit of the news, 536 00:26:57,920 --> 00:26:59,479 Speaker 1: We have benefit of the internet today and we can 537 00:26:59,520 --> 00:27:02,560 Speaker 1: see it. And as that's coming clear culture and closure cloture, 538 00:27:02,600 --> 00:27:04,520 Speaker 1: you want to take advantage, learn from the mistakes of 539 00:27:04,560 --> 00:27:07,000 Speaker 1: the past. Do not be stuck in that system, get 540 00:27:07,040 --> 00:27:10,160 Speaker 1: your assets out, go into bitcoin. I believe that bitcoin 541 00:27:10,240 --> 00:27:13,040 Speaker 1: will benefit from this because as everybody gets stuck in 542 00:27:13,040 --> 00:27:16,040 Speaker 1: that closed, program programmed system, they're gonna want to get 543 00:27:16,040 --> 00:27:19,280 Speaker 1: into a system that the government cannot control. All Right, 544 00:27:19,320 --> 00:27:20,760 Speaker 1: you listening to the Mark Moa Show. We're talking about 545 00:27:20,760 --> 00:27:22,600 Speaker 1: the decentralized revolution, talking about the way the world is 546 00:27:22,680 --> 00:27:24,680 Speaker 1: changing from one system to another system. And it's hard 547 00:27:24,720 --> 00:27:26,320 Speaker 1: to see the new system when you're stuck in one. 548 00:27:26,640 --> 00:27:28,440 Speaker 1: But that's why I bring to you the latest breaking 549 00:27:28,440 --> 00:27:30,320 Speaker 1: news and bring this perspective looking at through the lens 550 00:27:30,359 --> 00:27:33,320 Speaker 1: of politics, finance, and technology. Um. And if you think 551 00:27:33,359 --> 00:27:35,840 Speaker 1: that that was bad central bank digital currencies, wait until 552 00:27:35,880 --> 00:27:38,399 Speaker 1: I tell you the next part that they're doing. So 553 00:27:38,440 --> 00:27:39,919 Speaker 1: when we come back, I'm gonna talk to about this 554 00:27:40,000 --> 00:27:42,439 Speaker 1: next part and again we'll talk about how to protect yourself. 555 00:27:42,600 --> 00:27:44,480 Speaker 1: So I'll be back with that morena minute. Don't go away, 556 00:27:44,560 --> 00:27:47,199 Speaker 1: We're back, all right, Welcome back, if you're new, if 557 00:27:47,200 --> 00:27:48,399 Speaker 1: you're if you're just tuning in, you're listening to the 558 00:27:48,440 --> 00:27:51,240 Speaker 1: Market show. We we talked about the decentralized revolution. Each 559 00:27:51,240 --> 00:27:53,520 Speaker 1: and every week. Sorry, I'm laughing. I do the centro 560 00:27:53,600 --> 00:27:55,520 Speaker 1: so much sometimes I forget what I'm saying, so uh, 561 00:27:57,280 --> 00:27:59,160 Speaker 1: bear with me. I do it so much because I'm 562 00:27:59,200 --> 00:28:01,520 Speaker 1: on every chance all if you're not on the other channels, 563 00:28:01,560 --> 00:28:04,040 Speaker 1: checking me out, Um, check me out, man, Maybe you 564 00:28:04,119 --> 00:28:06,200 Speaker 1: like it in a different format. Of course, I'm here 565 00:28:06,240 --> 00:28:08,760 Speaker 1: on the radio each and every week at the same time, 566 00:28:08,840 --> 00:28:11,600 Speaker 1: same channel, So put that calendar reminder in your phone. 567 00:28:12,080 --> 00:28:14,000 Speaker 1: If you don't catch me on the radio, no big deal, 568 00:28:14,080 --> 00:28:16,120 Speaker 1: I got your back. I'm on the podcast. Just search 569 00:28:16,240 --> 00:28:18,359 Speaker 1: Mark Moss podcast on any of your favorite players, the 570 00:28:18,359 --> 00:28:21,640 Speaker 1: Mark Mass Show. Uh, I heart radio app, the iTunes app. 571 00:28:22,600 --> 00:28:24,320 Speaker 1: I'm on YouTube, you can search Mark Moss. I have 572 00:28:24,320 --> 00:28:26,359 Speaker 1: a channel on YouTube. Mark Moss also have my Market 573 00:28:26,440 --> 00:28:29,920 Speaker 1: Disruptors channel where all of these go on. So check 574 00:28:29,920 --> 00:28:32,080 Speaker 1: out Market Destructors. And then of course I'm on social 575 00:28:32,119 --> 00:28:35,040 Speaker 1: media at one Mark Moss. I will also throw out 576 00:28:35,080 --> 00:28:37,120 Speaker 1: while I'm at it. My website is also the same 577 00:28:37,160 --> 00:28:39,400 Speaker 1: one Mark Moss dot com. If you go to my website, 578 00:28:39,400 --> 00:28:41,560 Speaker 1: you'll see that I just did this big presentation a 579 00:28:41,560 --> 00:28:44,360 Speaker 1: week ago and I really broke down how I believe 580 00:28:44,400 --> 00:28:46,040 Speaker 1: the world is changing and what's gonna happen over the 581 00:28:46,120 --> 00:28:48,000 Speaker 1: next two to eight years, so not over the next 582 00:28:48,040 --> 00:28:49,640 Speaker 1: six months. If you're looking for what to do over 583 00:28:49,680 --> 00:28:51,560 Speaker 1: the next two to three months. I didn't really cover that, 584 00:28:51,640 --> 00:28:54,120 Speaker 1: But what's gonna happen over the next one to eight years, 585 00:28:54,400 --> 00:28:56,800 Speaker 1: That's what I covered, and I think it's really big, UM. 586 00:28:56,840 --> 00:28:58,560 Speaker 1: And then I talked about what I'm doing about it, 587 00:28:58,600 --> 00:29:00,760 Speaker 1: so like what I'm buying, what I'm selling, what I'm 588 00:29:00,800 --> 00:29:02,719 Speaker 1: doing with my money, UM, And then I went to 589 00:29:02,720 --> 00:29:03,840 Speaker 1: a bunch of Q and A and stuff. If you 590 00:29:03,880 --> 00:29:05,720 Speaker 1: want to catch that, just go to my website at 591 00:29:05,760 --> 00:29:08,280 Speaker 1: one Mark Moss and you can find a link to 592 00:29:08,280 --> 00:29:10,600 Speaker 1: the replay and you can watch that. Highly recommend it. 593 00:29:11,000 --> 00:29:12,880 Speaker 1: UM just at one Mark Moss dot com and you'll 594 00:29:12,880 --> 00:29:15,080 Speaker 1: see it on the website. All right now, before the break, 595 00:29:15,120 --> 00:29:18,520 Speaker 1: we were talking about UM central bank digital currencies and 596 00:29:18,520 --> 00:29:19,680 Speaker 1: how big of a deal that is. But we have 597 00:29:19,720 --> 00:29:22,440 Speaker 1: another attack factor. So if central bank digital currencies and 598 00:29:22,480 --> 00:29:26,440 Speaker 1: social credit scores an attack on the individual, then we 599 00:29:26,520 --> 00:29:29,280 Speaker 1: also have over here an attack on the business and 600 00:29:29,280 --> 00:29:32,640 Speaker 1: the corporation and the entity. And for that attack factor, 601 00:29:32,680 --> 00:29:35,000 Speaker 1: I'm talking about E s G. You've probably heard the term. 602 00:29:35,040 --> 00:29:37,200 Speaker 1: I'll talk about quite a bit. E s G. Now 603 00:29:37,360 --> 00:29:40,080 Speaker 1: it's sort of like a wolf in sheep's clothing, as 604 00:29:40,120 --> 00:29:42,160 Speaker 1: most of these things are, as all these government plans are. 605 00:29:42,160 --> 00:29:44,560 Speaker 1: They're all wolf and sheep clothing. They sound really nice 606 00:29:44,560 --> 00:29:47,960 Speaker 1: and cuddly, but really they're vicious. And E s G 607 00:29:48,200 --> 00:29:51,360 Speaker 1: seems it seems really good. It seems like a positive 608 00:29:51,360 --> 00:29:53,840 Speaker 1: way to protect the environment, you know, at least on 609 00:29:53,800 --> 00:29:56,120 Speaker 1: a surface level, but if you if you dig into 610 00:29:56,160 --> 00:29:59,960 Speaker 1: it deeper, you realize it's actually a much scarier, much 611 00:30:00,160 --> 00:30:05,040 Speaker 1: more sinister path to talentarianism. Now. E s G stands 612 00:30:05,080 --> 00:30:09,960 Speaker 1: for Environmental, Social and Governance, and really what it is, 613 00:30:09,960 --> 00:30:11,920 Speaker 1: it's an approach. It's a it's a model. It's a 614 00:30:11,960 --> 00:30:17,080 Speaker 1: way to evaluate companies and countries, right, not people, but 615 00:30:17,160 --> 00:30:19,280 Speaker 1: although people will fit into that, but really it's a 616 00:30:19,280 --> 00:30:22,200 Speaker 1: it's to evaluate companies and countries based on their alignment 617 00:30:22,200 --> 00:30:26,040 Speaker 1: with those three factors Environmental social governance. It's been growing 618 00:30:26,080 --> 00:30:28,239 Speaker 1: in popularity, you know, it's it's been happening more and more. 619 00:30:28,280 --> 00:30:30,760 Speaker 1: We're starting to see lots of lots of countries and 620 00:30:30,800 --> 00:30:33,760 Speaker 1: companies starting to adopt this. And it sounds really good, 621 00:30:33,800 --> 00:30:35,160 Speaker 1: and it sounds warm and fuzzy, and it makes me 622 00:30:35,200 --> 00:30:38,800 Speaker 1: feel really good, and I want it because most people 623 00:30:38,800 --> 00:30:44,680 Speaker 1: are good. Most people want a clean environment, most most 624 00:30:44,680 --> 00:30:50,080 Speaker 1: people want good social issues. Most people want good things 625 00:30:50,120 --> 00:30:52,400 Speaker 1: for good people. Most people want that, and so it 626 00:30:52,440 --> 00:30:54,880 Speaker 1: makes it pulls on my heartstrings that makes me want that. 627 00:30:55,640 --> 00:30:59,280 Speaker 1: But when you peel back, if you look deeper, kind 628 00:30:59,280 --> 00:31:01,320 Speaker 1: of like the Wizard Boss, you gotta look behind the curtain, 629 00:31:01,600 --> 00:31:03,280 Speaker 1: you can see that it's not what it's cooked there. 630 00:31:03,360 --> 00:31:05,800 Speaker 1: As a matter of fact, as a sinister plan. Right, 631 00:31:05,880 --> 00:31:07,480 Speaker 1: we want to be good stewards of the planet. We've 632 00:31:07,480 --> 00:31:10,440 Speaker 1: been called to be good stewards of the planet. I'm 633 00:31:10,480 --> 00:31:12,560 Speaker 1: in the ocean, I'm in the mountains, snowboard, I'm in 634 00:31:12,560 --> 00:31:14,520 Speaker 1: the desert. Right in my directions, I want I love 635 00:31:14,560 --> 00:31:16,800 Speaker 1: the environment more than most people. I use the environment 636 00:31:16,800 --> 00:31:18,320 Speaker 1: more than most people. I wanted to be good for 637 00:31:18,360 --> 00:31:22,239 Speaker 1: my kids and my grandkids and for me. Um. The 638 00:31:22,280 --> 00:31:26,120 Speaker 1: problem is is when we start getting these sinister plans 639 00:31:26,120 --> 00:31:28,520 Speaker 1: to start trying to take it over. And what they're 640 00:31:28,520 --> 00:31:30,000 Speaker 1: doing is they're using e s T as a way 641 00:31:30,040 --> 00:31:35,760 Speaker 1: to consolidate capital and centrally plan the allocation of resources, 642 00:31:35,880 --> 00:31:39,400 Speaker 1: which completely destroys the remains of a free market in 643 00:31:39,440 --> 00:31:41,719 Speaker 1: the process. So what it is, like I said, it's 644 00:31:41,720 --> 00:31:45,880 Speaker 1: a way to approach and evaluate investments. And again, it's 645 00:31:45,920 --> 00:31:48,520 Speaker 1: kind of like the social credit system, like the Chinese 646 00:31:48,520 --> 00:31:51,240 Speaker 1: Commuist party runs. Like we talked about centralanking digital currencies 647 00:31:51,760 --> 00:31:54,040 Speaker 1: UM similar to that, Like the like the credit score, 648 00:31:54,240 --> 00:31:57,120 Speaker 1: it determines UH, like a social credit score determines one 649 00:31:57,280 --> 00:32:00,880 Speaker 1: individual's ability to get loans or take apple things like that. 650 00:32:01,080 --> 00:32:04,480 Speaker 1: This is more about corporations and if they're able to 651 00:32:04,560 --> 00:32:09,520 Speaker 1: get financing or funding or public services or things like that. 652 00:32:10,440 --> 00:32:15,320 Speaker 1: All right, so it undermines a corporation's ability to access capital. 653 00:32:15,320 --> 00:32:16,680 Speaker 1: As a matter of fact, Mark Karney one of the 654 00:32:16,680 --> 00:32:18,920 Speaker 1: most influential people in the world. If you don't know 655 00:32:18,920 --> 00:32:21,760 Speaker 1: who he is, you should. He said that companies that 656 00:32:21,800 --> 00:32:24,400 Speaker 1: refuse to adopt E s G standards will be quote 657 00:32:24,920 --> 00:32:29,680 Speaker 1: economic road, kill, economic roll, We're going to starve them, 658 00:32:29,680 --> 00:32:33,800 Speaker 1: ount We're gonna kill them there. They'll never access any money. 659 00:32:33,800 --> 00:32:36,120 Speaker 1: They'll just die if they don't, if they don't come along. 660 00:32:37,080 --> 00:32:40,280 Speaker 1: And so that that's exactly what it does. It says 661 00:32:40,280 --> 00:32:42,560 Speaker 1: on a s G standards, success is no longer based 662 00:32:42,600 --> 00:32:45,560 Speaker 1: on delivering products and services to the market. The market 663 00:32:45,560 --> 00:32:48,480 Speaker 1: would want. Imagine, I mean, who would want that? Instead 664 00:32:48,840 --> 00:32:52,000 Speaker 1: on an allegiance to the ruling class. E s G 665 00:32:52,160 --> 00:32:56,040 Speaker 1: is a return to the monarchy monarchical model, allowing an 666 00:32:56,040 --> 00:33:00,360 Speaker 1: elite few to allocate capital to causes that further enriched 667 00:33:00,400 --> 00:33:03,120 Speaker 1: them in the name of social good. Now, the best 668 00:33:03,200 --> 00:33:06,560 Speaker 1: vote we have is voting with our money and our feet. 669 00:33:06,800 --> 00:33:08,280 Speaker 1: Voting with our money in our feet. Which is why 670 00:33:08,320 --> 00:33:09,880 Speaker 1: I will never live in a in a in a 671 00:33:10,040 --> 00:33:12,800 Speaker 1: in any area that locks me down, as long as 672 00:33:12,800 --> 00:33:15,120 Speaker 1: there's someplace I can go to live free, because I 673 00:33:15,200 --> 00:33:16,960 Speaker 1: vote with my feet and I vote with my money. 674 00:33:17,520 --> 00:33:21,120 Speaker 1: And so if when I buy vanilla ice cream instead 675 00:33:21,160 --> 00:33:24,360 Speaker 1: of chocolate, I'm voting with my money that I like 676 00:33:24,480 --> 00:33:27,280 Speaker 1: vanilla ice cream. That tells people that make ice cream 677 00:33:27,320 --> 00:33:29,800 Speaker 1: that they should make more vanilla. If more people like me, 678 00:33:29,880 --> 00:33:31,840 Speaker 1: then that they make more vanilla, and they do chocolate. 679 00:33:31,840 --> 00:33:34,400 Speaker 1: We vote with our money. But E s G does 680 00:33:34,680 --> 00:33:37,680 Speaker 1: screws that whole thing up, because what it's doing is 681 00:33:37,720 --> 00:33:41,400 Speaker 1: it's taking all this wealth and it's using that against us. 682 00:33:41,440 --> 00:33:43,840 Speaker 1: It's using your own wealth against you. As a matter 683 00:33:43,840 --> 00:33:52,040 Speaker 1: of fact, it's weaponized your money to punish you and 684 00:33:52,120 --> 00:33:54,600 Speaker 1: take away the things you want. To give you things 685 00:33:54,640 --> 00:33:57,240 Speaker 1: you don't want. What do I mean by that? How 686 00:33:57,280 --> 00:33:59,680 Speaker 1: are they taking your own money and weaponizing it? Well, 687 00:34:00,160 --> 00:34:02,360 Speaker 1: I'm glad you asked. Well, even if you didn't ask him, 688 00:34:02,400 --> 00:34:06,200 Speaker 1: I tell you so, have you heard of Have you 689 00:34:06,200 --> 00:34:08,840 Speaker 1: ever heard of Black Rock before? Right? Have you ever 690 00:34:08,880 --> 00:34:10,800 Speaker 1: heard of them? I'm sure you have. If you haven't, 691 00:34:10,800 --> 00:34:12,640 Speaker 1: I don't know where you've been living. You've been living 692 00:34:12,760 --> 00:34:16,439 Speaker 1: under a rock or something like that. So black Rock 693 00:34:16,719 --> 00:34:19,719 Speaker 1: is the largest asset manager in the world, like over 694 00:34:19,800 --> 00:34:22,560 Speaker 1: ten trillion dollars. You heard of black Rock, You've got 695 00:34:22,560 --> 00:34:26,240 Speaker 1: the Vanguards, you know, the State Street, these giant fund manners. 696 00:34:26,280 --> 00:34:28,759 Speaker 1: So if you have money in a four oh one 697 00:34:28,840 --> 00:34:31,759 Speaker 1: K or a mutual fund, or your employers have some 698 00:34:31,880 --> 00:34:34,959 Speaker 1: program for you, I'm sure you have money saved. Hope, 699 00:34:35,000 --> 00:34:37,080 Speaker 1: hopefully you have money being saved somewhere and one of 700 00:34:37,120 --> 00:34:39,520 Speaker 1: these types of programs, and most of all that is 701 00:34:39,560 --> 00:34:43,560 Speaker 1: being done by a fund manager like black Rock or 702 00:34:43,560 --> 00:34:47,680 Speaker 1: Straight or Vanguard. So black Rock is the biggest, They're 703 00:34:47,719 --> 00:34:49,520 Speaker 1: the largest asset manage in the world. They have ten 704 00:34:49,520 --> 00:34:53,440 Speaker 1: trillion dollars. It's not their money, it's your money. You've 705 00:34:53,480 --> 00:34:56,360 Speaker 1: decided not to manage your own money. You've decided to 706 00:34:56,440 --> 00:34:59,720 Speaker 1: let them manage it for you. Okay, it's your money. 707 00:35:00,520 --> 00:35:03,040 Speaker 1: You should be using that money to vote the way 708 00:35:03,120 --> 00:35:05,759 Speaker 1: you want to vote. But instead you've given it to 709 00:35:05,800 --> 00:35:08,200 Speaker 1: black Rock, and now black Rock will do with with 710 00:35:08,400 --> 00:35:10,719 Speaker 1: your money what they want. And what do they want? Well, 711 00:35:10,800 --> 00:35:13,839 Speaker 1: they want to control the world. They want to push 712 00:35:13,840 --> 00:35:16,839 Speaker 1: an E s G score. They want to force corporations 713 00:35:16,840 --> 00:35:20,440 Speaker 1: that don't fit their model to be economic roadkill. But 714 00:35:20,520 --> 00:35:23,680 Speaker 1: what about you? Is that what you want? Do you 715 00:35:23,719 --> 00:35:26,839 Speaker 1: want the death and destruction of a free market? Do 716 00:35:26,880 --> 00:35:30,799 Speaker 1: you want um companies to be benefited for following some 717 00:35:32,239 --> 00:35:36,400 Speaker 1: trivial model that doesn't align on free market principles? Like, 718 00:35:36,480 --> 00:35:38,640 Speaker 1: for example, a business, you know, when they provide a 719 00:35:38,680 --> 00:35:41,200 Speaker 1: good or a service to the market that the market values, 720 00:35:41,480 --> 00:35:44,960 Speaker 1: that business does better. And if they're very efficient with 721 00:35:45,000 --> 00:35:47,560 Speaker 1: their capital and they don't have a lot of waste 722 00:35:47,560 --> 00:35:50,359 Speaker 1: and they make a bigger profit and they're rewarded by that, 723 00:35:50,360 --> 00:35:52,759 Speaker 1: that profit is their scorecard and shows how good they do. 724 00:35:53,400 --> 00:35:56,359 Speaker 1: That sounds pretty good. If they provides a gooder value 725 00:35:56,360 --> 00:35:58,200 Speaker 1: to the market that the market values, they do good 726 00:35:58,200 --> 00:36:00,600 Speaker 1: and I can invest in that company. But no, that's 727 00:36:00,640 --> 00:36:02,879 Speaker 1: not s G. E s G is you either do 728 00:36:02,920 --> 00:36:07,760 Speaker 1: what we say or your economic roadkill. And they're doing 729 00:36:07,800 --> 00:36:11,959 Speaker 1: that with your money. And unfortunately, we have a model 730 00:36:12,000 --> 00:36:14,000 Speaker 1: to see how this works. Look no further than than 731 00:36:14,360 --> 00:36:16,840 Speaker 1: Sri Lanka. Sri Lanka is a country that just collapsed 732 00:36:16,880 --> 00:36:20,279 Speaker 1: on a on a massive scale. Sri Lanka had the 733 00:36:20,480 --> 00:36:23,799 Speaker 1: best E s G score in the world, a point one. 734 00:36:25,800 --> 00:36:27,960 Speaker 1: That's what a good E s G score gets you. 735 00:36:28,120 --> 00:36:30,120 Speaker 1: And so when you're investing into companies that have an 736 00:36:30,120 --> 00:36:33,160 Speaker 1: E s high s G score, um, your money through 737 00:36:33,200 --> 00:36:36,040 Speaker 1: Black Rock is investing in these companies. And what's going 738 00:36:36,080 --> 00:36:37,799 Speaker 1: to happen, Well, when you have a ninety eight point one, 739 00:36:37,800 --> 00:36:41,359 Speaker 1: you collapse like Sri Lanka. Anyway, kind of out of time. 740 00:36:41,440 --> 00:36:43,520 Speaker 1: Hopefully that makes sense. You can dig deeper on your own. 741 00:36:43,560 --> 00:36:46,560 Speaker 1: I'm trying to expand your context and give you some 742 00:36:46,560 --> 00:36:48,759 Speaker 1: curiosity and you can go dig into these topics on 743 00:36:48,760 --> 00:36:50,359 Speaker 1: your own. Of course, you're listening to the Mark Moa show. 744 00:36:50,400 --> 00:36:53,279 Speaker 1: We talk about the way the world is changing right 745 00:36:53,320 --> 00:36:56,440 Speaker 1: before our very eyes. As we move from a system 746 00:36:56,480 --> 00:36:59,200 Speaker 1: of centralization like the Black Rocks and the were like 747 00:36:59,280 --> 00:37:02,239 Speaker 1: in my forums, to a system of decentralization being led 748 00:37:02,239 --> 00:37:06,600 Speaker 1: by bitcoin Hopefully you've enjoyed that. Hopefully I've sparked your brain, 749 00:37:06,680 --> 00:37:08,520 Speaker 1: and hopefully you'll go do more research on your own, 750 00:37:08,560 --> 00:37:10,320 Speaker 1: let me know on social media at one Mark Moss. 751 00:37:10,640 --> 00:37:12,239 Speaker 1: And that's what I got for you today, all right, 752 00:37:12,239 --> 00:37:12,960 Speaker 1: thanks for listening.