WEBVTT - Globalism and Big Data 0:00:00.080 --> 0:00:02.000 All right, welcome back. You are listening to the Mark 0:00:02.080 --> 0:00:04.680 mo Show and we are talking, of course each and 0:00:04.680 --> 0:00:07.240 every week about the decentralized revolution, and we are running 0:00:07.240 --> 0:00:10.240 through some of the biggest headlines of the week, and 0:00:10.280 --> 0:00:12.799 we look at it through the lens of politics, finance, 0:00:12.920 --> 0:00:16.239 and technology. We mostly just talk about the finance side 0:00:16.239 --> 0:00:18.800 of things. Of course, on the technology side bitcoin, which 0:00:18.840 --> 0:00:21.000 is leading the decentralized revolution. But you've got to look 0:00:21.040 --> 0:00:23.720 at the whole picture if you really want to understand 0:00:23.720 --> 0:00:25.759 the context of what's going on. And so we look 0:00:25.760 --> 0:00:29.440 at all the different news articles and I saw one 0:00:29.520 --> 0:00:32.320 this week that was very concerning. So we saw the 0:00:32.400 --> 0:00:34.760 G twenty Leaders of the world. So these are the 0:00:34.800 --> 0:00:39.000 top twenty nations in the world we're meeting. One big 0:00:39.080 --> 0:00:43.160 question I have is why in the heck was claud Schwab, 0:00:43.520 --> 0:00:46.000 the head of the World Economic Forum. Why was he 0:00:46.080 --> 0:00:52.160 there presenting to the G twenty. What top twenty nation 0:00:52.240 --> 0:00:55.680 does he run? Of course, the answer is none. He 0:00:55.840 --> 0:00:58.240 is not an elected leader, He is not a part 0:00:58.280 --> 0:01:01.920 of any company or or say country, So why is 0:01:02.000 --> 0:01:06.680 he there then talking to the G twenty telling them 0:01:06.800 --> 0:01:09.680 that they need to rebuild the world in the way 0:01:09.680 --> 0:01:13.280 that he sees fit. I don't understand that part. But 0:01:13.319 --> 0:01:15.160 that's a whole different topic for a whole another time. 0:01:15.200 --> 0:01:19.959 But one thing that was very shocking and scary and uh, 0:01:20.240 --> 0:01:22.480 maybe we still have some time to push back on 0:01:22.520 --> 0:01:24.480 if you don't like it. But the G twenty leaders 0:01:25.800 --> 0:01:31.200 issued a joint declaration promoting global health passports to facilitate 0:01:31.360 --> 0:01:35.920 international travel. Big news coming out this week as they 0:01:35.959 --> 0:01:40.680 all met in Indonesia for the seventeenth annual summit under 0:01:40.720 --> 0:01:46.839 the name quote Recover Together, Recover Stronger, Big, big, big deal. 0:01:46.920 --> 0:01:50.120 So yeah, top twenty countries responsible for more than eight 0:01:50.160 --> 0:01:51.880 percent of the world's gross domestic products, and mean, if 0:01:51.920 --> 0:01:54.560 I was in a global trade and six of the 0:01:54.560 --> 0:01:59.680 world's total population all got together, it's nineteen countries, UM, 0:01:59.800 --> 0:02:03.440 nine in countries and the European Union And so basically 0:02:03.480 --> 0:02:06.720 they got together and they issued a joint declaration at 0:02:06.720 --> 0:02:10.760 the end of the summit advocating for universal standard on 0:02:10.880 --> 0:02:14.640 proof of vaccination for international travel and urging the creation 0:02:14.720 --> 0:02:20.399 of quote a global digital health network. Mm hmm. Sounds 0:02:20.680 --> 0:02:26.280 uh sort of like China's social credit course system. They 0:02:26.280 --> 0:02:30.359 want to have basically a big database where they can 0:02:30.400 --> 0:02:35.600 all share information and they could make all of us 0:02:35.720 --> 0:02:39.639 then have to show like an app um that would 0:02:39.680 --> 0:02:43.920 allow us to move around freely. Well not freely, because 0:02:43.919 --> 0:02:46.480 they'll take away our ability to move freely. Instead, they'll 0:02:46.480 --> 0:02:49.640 make a series of checkpoints and gateways that we have 0:02:49.800 --> 0:02:55.360 to go through. There was a story that I heard 0:02:55.560 --> 0:02:57.000 when I was a kid, and it was like, how 0:02:57.000 --> 0:02:59.440 to catch a wild boar, how to catch a wild pig? 0:03:01.000 --> 0:03:03.400 And uh, I grew up in Texas, and so we 0:03:03.480 --> 0:03:05.079 used to do quite a bit of hunting back there. 0:03:05.080 --> 0:03:07.520 And you'd set up like a you'd set up a 0:03:07.560 --> 0:03:11.079 feeder and you would throw corn on the ground every day. 0:03:11.560 --> 0:03:13.440 And you'd set up this feeder and you'd set it's 0:03:13.440 --> 0:03:15.079 a program. It like at five o'clock every day, it 0:03:15.080 --> 0:03:17.440 throws corn on the ground. And what happens is then 0:03:17.520 --> 0:03:20.040 the animals start to realize that the corn comes on 0:03:20.080 --> 0:03:21.440 the ground every day at the same time, and then 0:03:21.480 --> 0:03:23.040 the animals come in and then of course you can 0:03:23.040 --> 0:03:24.760 go hunt them. But if I want to catch a 0:03:24.800 --> 0:03:26.800 wild pig one way, and I want to do it 0:03:26.840 --> 0:03:28.160 live on, one thing I could do is I could 0:03:28.160 --> 0:03:30.400 put corn on the ground every day and then as 0:03:30.440 --> 0:03:32.040 this pig comes in and gets the corner every day. 0:03:32.080 --> 0:03:34.840 Then eventually I build a wall on one side, but 0:03:35.080 --> 0:03:37.120 the pig doesn't notice, and he still gets the corner 0:03:37.120 --> 0:03:39.240 every day. And then eventually I build a second wall, 0:03:39.840 --> 0:03:41.720 and the pig doesn't notice, and he still comes and 0:03:41.760 --> 0:03:42.960 gets the corner of day. And then I build a 0:03:43.000 --> 0:03:45.520 third wall, and then finally one day he comes in 0:03:45.520 --> 0:03:47.560 and I add the fourth wall, And each one of 0:03:47.600 --> 0:03:52.720 these things are another wall that's being put around us. Now, 0:03:53.560 --> 0:03:56.440 you might be the type of person that believes that 0:03:56.560 --> 0:03:58.600 you don't know what you're doing, and you don't know 0:03:58.640 --> 0:04:00.640 what's going on in the world, and you just want 0:04:00.720 --> 0:04:02.480 someone to tell you what to do and keep you 0:04:02.560 --> 0:04:04.480 safe and just put you in a cage and bring 0:04:04.520 --> 0:04:08.160 you that meal every day. I just don't believe that, 0:04:08.880 --> 0:04:11.640 and so we might have a big discrepancy in our viewpoint. 0:04:12.240 --> 0:04:13.800 You know. I like to think of it like a 0:04:13.920 --> 0:04:16.599 lion that lives on the on the pride, right, a 0:04:16.680 --> 0:04:19.720 lion in the pride out on the on the plane, 0:04:19.880 --> 0:04:25.960 and the lion is the king. Right. The lion can 0:04:26.760 --> 0:04:29.359 basically kill any animal at once. It's the top of 0:04:29.400 --> 0:04:32.480 the food chain, right, the alpha, the apex predator, if 0:04:32.480 --> 0:04:36.599 you will, But it's not it's not safe for that lion. 0:04:36.800 --> 0:04:39.200 The lion is free, but it's not safe. And so 0:04:39.360 --> 0:04:41.800 you know that lion has to fight other lions and 0:04:41.839 --> 0:04:44.760 has to you know, um kill its prey. If it doesn't, 0:04:44.800 --> 0:04:46.600 it could starve to death. It has to you know, 0:04:46.800 --> 0:04:48.760 run from hunters and all those types of things. But 0:04:48.760 --> 0:04:50.840 it's free, and we could take that line. We could 0:04:50.839 --> 0:04:53.000 go put it in a cage in a zoo, and 0:04:53.040 --> 0:04:56.080 we can keep that lion safe, and we can give 0:04:56.080 --> 0:04:58.960 it its antibiotics and it's it's hormones and and we 0:04:59.000 --> 0:05:00.880 can we can throw it at one meal a day, 0:05:02.320 --> 0:05:04.400 and that lion is safe in that cage, but it's 0:05:04.440 --> 0:05:07.080 not free. And so freedom and safety are not the 0:05:07.120 --> 0:05:11.000 same things. Unfortunately, a free life is not necessarily safe life, 0:05:11.000 --> 0:05:13.839 and vice versa. And so you know, if you're the 0:05:13.839 --> 0:05:15.760 type of person that that wants the government to just 0:05:15.800 --> 0:05:18.160 basically throw you in a cage and give your antibiotics 0:05:18.160 --> 0:05:20.240 and one meal a day, well, this is the world 0:05:20.279 --> 0:05:22.280 that they're bringing. So maybe you like that. For me, 0:05:22.320 --> 0:05:25.760 I don't like it, um. And you know, each one 0:05:25.839 --> 0:05:30.359 of these things is one step closer to that. The 0:05:30.400 --> 0:05:32.320 other thing that I really don't like is I don't 0:05:32.400 --> 0:05:38.880 like this uh global cooperation, this did this global network, 0:05:39.760 --> 0:05:44.400 because I don't believe that one group of people know 0:05:44.520 --> 0:05:48.880 what's best for the entire world. They don't have the information. 0:05:49.920 --> 0:05:53.240 Their version of utopia is probably not my version of utopia, 0:05:53.279 --> 0:05:55.560 and and I'm I'm more than happy to realize that 0:05:55.720 --> 0:05:59.080 my version of utopia is not yours either. And that's 0:05:59.080 --> 0:06:02.039 why there is no such thing as utopia, because one 0:06:02.080 --> 0:06:06.000 man's version is maybe another man's hell. And so I 0:06:06.040 --> 0:06:07.960 am smart enough to know that my version of utopia 0:06:08.000 --> 0:06:09.680 isn't yours, which is why I'm not trying to make 0:06:09.760 --> 0:06:13.479 laws and rules and regulations for you, which is why 0:06:13.520 --> 0:06:15.280 we shouldn't have one group of people making laws and 0:06:15.360 --> 0:06:19.960 rules and regulations for everybody. Now, we also know that 0:06:20.000 --> 0:06:23.400 good ideas are found through competition. You try your idea, 0:06:23.520 --> 0:06:25.400 let me try my idea, and let's compete and see 0:06:25.440 --> 0:06:28.320 which one works better. But instead, if they have some 0:06:28.520 --> 0:06:32.880 global initiative where they pass this to everybody, where there's 0:06:33.040 --> 0:06:36.160 no way to opt out, there's no way to try 0:06:36.200 --> 0:06:41.080 another um another way, will never know which way is 0:06:41.120 --> 0:06:44.200 better or worse. Now we know that if you've ever 0:06:44.520 --> 0:06:46.520 spent time going to the Department of motor vehicles or 0:06:46.560 --> 0:06:49.960 something like that. When the government has no competition, how 0:06:50.080 --> 0:06:54.000 is their product and their service? It's very poor? Right? 0:06:54.360 --> 0:06:57.160 And so because when when when when companies are forced 0:06:57.200 --> 0:06:59.880 to compete, we know we get better products, service and prices, 0:07:00.120 --> 0:07:04.720 not for uh, one group of people making global global 0:07:05.000 --> 0:07:09.440 laws to um go over everybody, Nor am I for 0:07:10.160 --> 0:07:13.200 the safe and less free option. That's happening. But it's 0:07:13.200 --> 0:07:16.400 exactly what's happening with our money. So central bank digital 0:07:16.400 --> 0:07:20.040 currencies which are coming down the pipeline, which again are 0:07:20.160 --> 0:07:23.400 programmable money. So if you don't do what they say, 0:07:23.400 --> 0:07:25.320 then your money doesn't work. If you don't spend your 0:07:25.320 --> 0:07:27.400 money by Friday, it comes back to you. If you're 0:07:27.400 --> 0:07:29.640 saving too much, you have a negative interest rate. Uh. 0:07:29.960 --> 0:07:31.480 If you want to try and spend it on red meat, 0:07:31.520 --> 0:07:33.240 which we think is bad for you, then you can't 0:07:33.280 --> 0:07:37.040 buy that, right or whatever? Baby, or you don't have 0:07:37.160 --> 0:07:40.640 your passport, your health passport, and now you can't use 0:07:40.680 --> 0:07:44.040 your money to buy travel, a plane ticket, a train 0:07:44.080 --> 0:07:47.880 ticket or whatever. There's a very very very scary world 0:07:47.960 --> 0:07:50.720 that we're going into where one small group of people 0:07:51.000 --> 0:07:54.800 are going to try to dictate the freedoms and the 0:07:54.840 --> 0:07:59.520 movements of otherwise free people. You know, in the United States, 0:07:59.600 --> 0:08:02.080 we are found did with the with the pursuit of life, 0:08:02.320 --> 0:08:05.280 liberty and happiness, which was actually taken from life liberty 0:08:05.280 --> 0:08:08.200 and property and life liberty and property means that my 0:08:08.360 --> 0:08:10.920 life is my property to do as I see fit. 0:08:12.320 --> 0:08:14.840 Of course they don't like that. And so anyway, that's 0:08:14.840 --> 0:08:16.480 a big headline coming out this week, something that you 0:08:16.520 --> 0:08:19.120 should be aware of as we talk about the world changing, 0:08:19.200 --> 0:08:22.040 the decentralized world. It seems like the world is centralizing 0:08:22.600 --> 0:08:25.320 under one control. I believe this breaks and it moves 0:08:25.320 --> 0:08:28.200 to decentralization. I have some more headlines to show how 0:08:28.240 --> 0:08:31.120 this world is transitioning into this decentralized revolution that we 0:08:31.160 --> 0:08:32.960 talked about every week. So I got a couple more 0:08:33.000 --> 0:08:35.040 stories I want to break for you that are very 0:08:35.080 --> 0:08:37.120 important that you keep your eye on. I'll be back 0:08:37.120 --> 0:08:38.840 with those and more in a minute. Don't go away, 0:08:38.880 --> 0:08:40.920 I'll be right back. All right, Welcome back. You are 0:08:41.000 --> 0:08:43.600 listening to the Mark mo Show. We're talking about the 0:08:43.679 --> 0:08:45.960 decentralized revolution that we talked about each and every week. 0:08:46.040 --> 0:08:48.200 As we look at it through the lens of politics, finance, 0:08:48.240 --> 0:08:51.360 and technology, and there's a lot going on. You know, 0:08:51.760 --> 0:08:54.160 I talked about this decentralized revolution as the world is 0:08:54.480 --> 0:08:57.960 moving the pendulum swinging. It's been swinging on, truning for 0:08:57.960 --> 0:09:00.360 to your time frame, to a world of centralization, and 0:09:00.400 --> 0:09:02.800 now we can see that it's pushing back and we're 0:09:02.840 --> 0:09:07.000 moving back the opposite direction into a world of de centralization. 0:09:07.040 --> 0:09:08.160 And like I said, I like to look at it 0:09:08.200 --> 0:09:10.319 through all of those things. Now. One of the things 0:09:10.360 --> 0:09:14.640 that's leading us into this new world is of course politics, finance, 0:09:14.640 --> 0:09:17.760 and technology, the financial peace. We know that we're at 0:09:17.760 --> 0:09:21.720 the end of a hundred year sovereign debt crisis. Um 0:09:21.880 --> 0:09:23.400 all the governments of the round of the world are 0:09:23.400 --> 0:09:26.480 going bankrupt. If you've noticed what's happened with this whole 0:09:26.679 --> 0:09:31.760 FTX situation where they basically collapsed almost overnight and took 0:09:31.760 --> 0:09:35.840 everybody's money with them, you can understand that that's a 0:09:36.080 --> 0:09:41.040 perfect microcosm for what's happening in the greater financial system. 0:09:41.080 --> 0:09:43.600 And just like it was the small cryptocurrency companies that 0:09:43.640 --> 0:09:45.560 went down first, and now it's taking out bigger and 0:09:45.559 --> 0:09:49.320 bigger ones, exactly what's happened in the greater financial system. 0:09:49.600 --> 0:09:52.559 And so we've already seen the small countries, the Venezuelas, 0:09:52.600 --> 0:09:56.320 the Zimbabwe's go down. Then we've seen the Perus, the 0:09:56.440 --> 0:10:00.079 Ecuadors go down, We've seen the Lebanons. Now Turkey he 0:10:00.160 --> 0:10:04.080 is going down. Now we're about to witness Japan, which 0:10:04.120 --> 0:10:07.160 might be the next one. Japan, and then the UK 0:10:07.600 --> 0:10:10.600 and then the Euro going down, and eventually it comes 0:10:10.600 --> 0:10:12.800 to roost in the United States and the dollar as well. 0:10:14.160 --> 0:10:18.680 The FED trying to control the monetary policy, the inflation 0:10:18.760 --> 0:10:21.439 and everything around the financial system. The United States is 0:10:21.520 --> 0:10:24.120 up against a serious, serious problem. And there was a 0:10:24.160 --> 0:10:27.240 story that came out this week that is something that 0:10:27.240 --> 0:10:30.120 that basically said the quiet part out loud, the part 0:10:30.160 --> 0:10:33.000 that they haven't really said, but I've been trying to 0:10:33.040 --> 0:10:36.160 make sure that you hear. But they actually came out 0:10:36.200 --> 0:10:37.560 and said it right now. And so we know that 0:10:37.600 --> 0:10:41.120 the Federal Reserve is trying to fight inflation, and so 0:10:41.160 --> 0:10:45.040 their goal is to restrict the monetary supply um to 0:10:45.120 --> 0:10:49.440 bring prices down what they consider inflation or prices going higher. 0:10:50.160 --> 0:10:52.920 They want to bring prices down. Of course, I've talked 0:10:52.920 --> 0:10:55.360 about this. It's very simple supply and demand. If you 0:10:55.360 --> 0:10:57.800 want to bring prices down, you either one bring more 0:10:57.840 --> 0:11:00.000 supply to the market, or two, you reduce the demand 0:11:00.040 --> 0:11:03.439 and the central banks, the Federal Reserve cannot bring more 0:11:03.480 --> 0:11:06.200 supply to the market. They can't bring more oil or 0:11:06.280 --> 0:11:08.240 gas to the market. They can't bring more food to 0:11:08.280 --> 0:11:10.080 the market. So the only thing they can do is 0:11:10.120 --> 0:11:14.560 crush demand. How do they crush demand by making you pour? 0:11:15.440 --> 0:11:19.080 A better? Better said, by making you broke. If they 0:11:19.120 --> 0:11:21.920 can make you broke, then you don't want to drive 0:11:22.000 --> 0:11:23.400 your car, you don't want to go out to dinner, 0:11:23.400 --> 0:11:28.199 and you don't want to go onification. Sounds bad, doesn't it? 0:11:29.400 --> 0:11:32.360 The job of the Federal Reserve their goal right now? 0:11:32.360 --> 0:11:36.480 They're stated goal. I'll say their stated goal isn't to 0:11:36.520 --> 0:11:39.360 try to bring prices down so your life is easier. 0:11:40.720 --> 0:11:42.880 Their life is to make Their goal is to make 0:11:42.880 --> 0:11:47.400 your life harder by making you broke, so that then 0:11:47.520 --> 0:11:49.960 prices come down they can say they won. So in 0:11:50.120 --> 0:11:53.480 order for them to win, they must make you broke. 0:11:53.920 --> 0:11:57.080 How's that sound not so good? Right? So their goal 0:11:57.400 --> 0:12:00.160 is for your retirement account to cut in half, for 0:12:00.200 --> 0:12:04.640 your home value to get cut in half um, and 0:12:05.520 --> 0:12:08.760 for a lot of you to lose your jobs, and 0:12:09.920 --> 0:12:12.839 for your jobs or the new job that you might 0:12:12.880 --> 0:12:17.960 find to pay you less money. The fact that more 0:12:18.000 --> 0:12:20.480 people are working, and more importantly, the fact that you're 0:12:20.520 --> 0:12:25.280 getting paid more for your job is in direct contrast 0:12:25.600 --> 0:12:30.160 to what they want. Now, I know that sounds really bad. 0:12:30.240 --> 0:12:34.280 That sounds um Maybe it's a controversial, maybe conspiratorial. You're 0:12:34.280 --> 0:12:37.080 like Mark, there's no way the Fed doesn't really want that. 0:12:37.120 --> 0:12:38.480 The FETs trying to do the best they can for 0:12:38.520 --> 0:12:42.520 the economy. Well, they said the quiet part out loud. 0:12:42.520 --> 0:12:44.640 As a matter of fact, the story came out this week. 0:12:44.679 --> 0:12:47.520 It says right here, quote, wage growth has been a 0:12:47.559 --> 0:12:51.920 contributing factor to inflation, especially in the service sector. So 0:12:52.000 --> 0:12:54.679 it's important to get the labor market into better balance, 0:12:55.000 --> 0:12:58.600 to bring future wage growth down to a more sustainable 0:12:58.679 --> 0:13:03.800 level that will assist in moving overall inflation lower end. Quote, 0:13:04.559 --> 0:13:08.000 let me break that down for you. Wage growth, So 0:13:08.200 --> 0:13:10.360 the fact that you're getting paid more money has been 0:13:10.360 --> 0:13:14.480 a contributing factor to inflation. So, first of all, wage 0:13:14.480 --> 0:13:17.400 growth has been flat as a matter of fact, when 0:13:17.400 --> 0:13:22.200 you adjusted for inflation. So when Biden was elected president, 0:13:22.280 --> 0:13:24.320 I believe gas was in like the two dollars and 0:13:24.360 --> 0:13:26.480 thirty cent range, So they it's like three fifty or 0:13:26.520 --> 0:13:29.880 four dollars, So gas has gone up by whatever fifty 0:13:31.320 --> 0:13:34.520 Have your wages gone up by fifty or sixty percent? 0:13:34.600 --> 0:13:36.199 You were making a hundred thousand before and now you're 0:13:36.240 --> 0:13:40.760 making a no. Uh. In that same two year time span, 0:13:40.880 --> 0:13:44.040 home prices are up about thirty five. Has your pay 0:13:44.080 --> 0:13:48.040 gone up by thirty uh? Steak has gone up, airline 0:13:48.040 --> 0:13:51.480 travel has gone up. Have your wages gone up to 0:13:51.760 --> 0:13:54.480 keep up with the rising price of everything else? Of 0:13:54.520 --> 0:13:58.080 course the answer is no. So that means that the 0:13:58.200 --> 0:14:01.319 quality of your life is going down. Out. That means 0:14:01.360 --> 0:14:04.000 that you work just the same amount and you're not 0:14:04.120 --> 0:14:06.720 able to afford the things that you used to afford, 0:14:07.840 --> 0:14:11.440 So your wages are not growing enough to keep up 0:14:11.480 --> 0:14:13.680 with that. But here it says, I'm gonna read it again, 0:14:13.880 --> 0:14:16.640 wage growth has been a contributing factor to inflation. So 0:14:16.679 --> 0:14:18.880 they're saying that the reason why prices are going up 0:14:18.880 --> 0:14:21.160 so much because you're getting paid more, but you're not 0:14:21.160 --> 0:14:25.120 getting paid enough. It says, uh, it's important to bring 0:14:25.120 --> 0:14:29.040 the labor market and wage growth down. Wage growth down, 0:14:29.080 --> 0:14:31.360 so they want you to your pay raises to go 0:14:31.480 --> 0:14:35.480 down to assist with inflation. And this is by a 0:14:35.520 --> 0:14:38.800 member of the Federal Reserve six member board Christopher Wallace. 0:14:39.880 --> 0:14:42.880 That's what he said. Wage growth, it's a contributing factor, 0:14:43.160 --> 0:14:47.600 and that's the problem. He said. Uh. At at any 0:14:47.640 --> 0:14:51.320 other time, I would be pretty unhappy about slowing growth, 0:14:51.480 --> 0:14:56.480 But not now, he said, So not now. Uh Now 0:14:56.520 --> 0:15:00.640 we need you to make less money. Now, we need um, 0:15:00.720 --> 0:15:03.240 you to get paid less. Now, we need more people 0:15:03.360 --> 0:15:07.000 to be unemployed. Too many people are working. That's the problem. 0:15:07.160 --> 0:15:08.840 And we'll see. When too many people are working, that 0:15:08.880 --> 0:15:12.600 means that means employers now have to compete for you. Right, 0:15:12.600 --> 0:15:14.720 there's not enough people to go around. So now there's 0:15:14.720 --> 0:15:17.520 a bidding war for employees, which is good, but not 0:15:17.640 --> 0:15:20.560 for them, not for the FED. That goes against everything 0:15:20.600 --> 0:15:24.000 that they want. It's a scary, scary world that we're in. 0:15:25.320 --> 0:15:27.840 You would think that their goal would be human flourishment. 0:15:28.000 --> 0:15:30.160 You would think their goal would be that you would 0:15:30.160 --> 0:15:33.240 have a better life. But that's certainly not the case 0:15:34.680 --> 0:15:38.760 the Federal Reserve, like I said, they can't just create 0:15:38.760 --> 0:15:41.520 more supply. All they can do is crush demand. Now 0:15:42.160 --> 0:15:47.160 they could, um, you know, they could incentivize people to 0:15:47.240 --> 0:15:50.720 make more right, they could take some of that money, 0:15:50.840 --> 0:15:54.200 those trillions of dollars they've printed in you know, sent 0:15:54.280 --> 0:15:57.440 over to Ukraine, for example. They could use that to 0:15:57.560 --> 0:16:01.480 bring more gas to the you know, people in the 0:16:01.520 --> 0:16:04.320 United States, to bring gas prices down. That would help. 0:16:05.640 --> 0:16:08.800 But instead now, instead they continue to shut oil and 0:16:08.840 --> 0:16:11.360 gas leases down, so we have less oil and gas 0:16:11.400 --> 0:16:15.640 than we had before. They could try to influence the 0:16:15.680 --> 0:16:20.760 government to relax regulations so that it's cheaper to run 0:16:20.800 --> 0:16:24.000 your business, but no, that wouldn't be the right way 0:16:24.040 --> 0:16:26.840 to do it. Instead, we want to crush demand. We 0:16:26.880 --> 0:16:29.320 want to make everybody broke. It's what they call the 0:16:29.400 --> 0:16:31.920 wealth effect. The wealth effect is that when you see 0:16:31.920 --> 0:16:34.440 your retirement account going up, when you see your house 0:16:34.480 --> 0:16:38.120 going up, you feel more wealthy. You feel more optimistic 0:16:38.160 --> 0:16:42.720 about the future. Dare I say happier? Right? When you're optimistic, 0:16:42.760 --> 0:16:44.920 you feel good about the future. You feel happier, you're 0:16:44.960 --> 0:16:47.120 in a generally in a better mood, and so then 0:16:47.160 --> 0:16:51.000 you're more productive. You're spending more money, which is good 0:16:51.000 --> 0:16:54.640 for businesses because now businesses have more customers. And when 0:16:54.640 --> 0:16:56.640 those customers have when those business and more customers, they 0:16:56.640 --> 0:16:59.040 sell more goods. Means they can buy more from the suppliers. 0:16:59.080 --> 0:17:03.120 Those suppliers do better, and everybody does good in that system. 0:17:03.160 --> 0:17:05.520 But when they crush demand, it's what's called the reverse 0:17:05.560 --> 0:17:08.040 wealth effect. When you see a retirement cutting half, in 0:17:08.040 --> 0:17:10.560 your home price cutting half, you feel poor, and then 0:17:10.560 --> 0:17:15.600 you feel pessimistic about the future. You feel scared, you 0:17:15.680 --> 0:17:21.240 feel uneasy, you feel anxious about the future, and so 0:17:21.359 --> 0:17:23.520 then you want to hoard. I don't want to spend. 0:17:23.960 --> 0:17:26.400 So now you don't go out, but think about the 0:17:26.480 --> 0:17:29.159 state of the of the nation or the world. At 0:17:29.160 --> 0:17:31.359 that point, you went from a state where everybody was 0:17:31.400 --> 0:17:36.680 optimistic and happy and peaceful and loving to a state 0:17:36.720 --> 0:17:41.160 where people are angry and bitter and scared and anxious 0:17:41.200 --> 0:17:43.560 about the future. Now, which world would you rather live in? 0:17:44.040 --> 0:17:46.359 I mean, I don't know about you. I'd rather live 0:17:46.400 --> 0:17:49.960 in a world where people are optimistic and happy and hopeful. 0:17:51.480 --> 0:17:52.679 That's the world I want to live in. But not 0:17:52.760 --> 0:17:55.720 the Fed. The Fed wants you to be angry and 0:17:55.720 --> 0:17:59.159 and scared of the future. And now you know, anyway, 0:17:59.200 --> 0:18:00.760 you're listening to the Market show, we're talking about the 0:18:00.800 --> 0:18:04.359 decentralized Revolution, breaking down some of the latest breaking news headlines. 0:18:04.480 --> 0:18:05.639 I got a lot more to cover when I come 0:18:05.640 --> 0:18:07.360 back in a minute. Don't go away. I'll be right back, 0:18:07.760 --> 0:18:10.040 all right, Welcome back. You are listening to the Mark 0:18:10.160 --> 0:18:13.680 Moss Show. We're talking about the decentralized Revolution, talking about 0:18:13.680 --> 0:18:15.560 the way the world is changing, of course, and we're 0:18:15.600 --> 0:18:18.879 looking at the latest breaking news of the week, some 0:18:18.920 --> 0:18:21.000 of the news headlines that kind of show us how 0:18:21.040 --> 0:18:23.080 the world is changing right before every eyes. And it's 0:18:23.080 --> 0:18:27.080 important to understand this because it brings everything into context. 0:18:27.680 --> 0:18:29.320 And so a couple of things that I'm seeing this 0:18:29.359 --> 0:18:33.679 week that we're pretty shocking. One big thing that I saw, 0:18:33.800 --> 0:18:36.760 which is, um, you know, we're on the other side 0:18:36.760 --> 0:18:38.840 of the mid term elections. I don't I don't like 0:18:38.880 --> 0:18:41.160 to typically spend a lot of time talking about politics 0:18:41.200 --> 0:18:46.639 necessarily unless it kind of corresponds with UH, finance and technology. 0:18:46.640 --> 0:18:48.600 We're looking at the intersection of those three things. But 0:18:49.800 --> 0:18:53.960 looking at that, we saw that the mood is really 0:18:54.160 --> 0:19:00.199 shifting towards some stories that were being broken about the 0:19:00.280 --> 0:19:05.439 Biden family, specifically maybe the Biden crime syndicate family. And 0:19:05.440 --> 0:19:07.880 it's not a story that I typically jump into, especially 0:19:07.920 --> 0:19:10.600 because of the amount of censorship that's been around this, 0:19:11.280 --> 0:19:16.199 but it's interesting to see how this whole landscape is 0:19:16.280 --> 0:19:19.200 shifting by a couple of things. And I think one 0:19:19.560 --> 0:19:26.120 is that trum or Twitter has now been taken over 0:19:26.240 --> 0:19:30.200 by Elon Musk, and he took it over privately. So 0:19:30.480 --> 0:19:36.520 Twitter was a publicly held corporation, and even though Jack Dorsey, 0:19:36.560 --> 0:19:40.159 the founder, was still the CEO, I believe he owned 0:19:40.200 --> 0:19:42.040 like less than five percent of the company and he 0:19:42.119 --> 0:19:46.080 wasn't really able to affect any change. And that's kind 0:19:46.080 --> 0:19:47.360 of the way it is when you have these big, 0:19:47.359 --> 0:19:51.840 publicly traded companies. Um, there's just so much bureaucracy. And 0:19:51.880 --> 0:19:54.600 so Elon Musk took it over and made it private, 0:19:55.000 --> 0:19:58.240 and now he's enacting massive amounts of change in a 0:19:58.440 --> 0:20:01.120 very very very short amount of time. Now there's all 0:20:01.119 --> 0:20:03.120 types of good things and bad things in that, I'm sure, 0:20:03.200 --> 0:20:06.280 and neither neither of us me or nor you listening 0:20:06.560 --> 0:20:09.320 I really know the intricacies of this, the ins and outs. Um, 0:20:09.400 --> 0:20:11.399 even if you worked at Twitter and we're maybe one 0:20:11.400 --> 0:20:13.800 of the people fired or subject to this, you maybe 0:20:13.800 --> 0:20:16.320 don't even understand this because these these complexes, these are 0:20:16.359 --> 0:20:18.880 complex issues. But what we do know is that things 0:20:18.920 --> 0:20:21.840 are happening very very fast, and not just within Twitter. 0:20:21.880 --> 0:20:26.440 But I believe in the greater um information space overall, 0:20:26.960 --> 0:20:32.119 and so we're seeing things happening. So for example, one, uh, 0:20:32.200 --> 0:20:35.119 Elon musk Man, he is uh, he's definitely a character 0:20:35.640 --> 0:20:38.639 and he let me let me just state for the record, 0:20:38.760 --> 0:20:42.040 I've never been a big Elon musk fan. Uh, mostly 0:20:42.080 --> 0:20:45.280 because of the business side of things, specifically in regards 0:20:45.280 --> 0:20:50.520 to Tesla and Solar City. Um, but I have been 0:20:51.000 --> 0:20:54.720 enjoying watching him on Twitter because he is just like 0:20:54.800 --> 0:20:57.560 the ultimate troll. A troll is like when you just 0:20:57.640 --> 0:20:59.320 kind of make fun of people and things like that, 0:20:59.440 --> 0:21:02.800 and he can troll with the best of them, if 0:21:02.840 --> 0:21:06.240 not the best of them. Maybe he's got somebody on 0:21:06.280 --> 0:21:08.320 his staff help with him. I don't know, but I 0:21:08.359 --> 0:21:12.000 mean his meme game is like on point, and he 0:21:12.160 --> 0:21:14.919 almost seems to be everywhere all times, like commenting on 0:21:14.960 --> 0:21:18.919 all types of people's um, you know post and I 0:21:18.960 --> 0:21:22.240 saw this week one that just got me so it 0:21:22.320 --> 0:21:26.439 was just so funny. Basically, CBS basically came out and 0:21:26.440 --> 0:21:29.960 said that they can't they can't trust Twitter anymore. Twitter 0:21:30.000 --> 0:21:32.240 is too dangerous. Let's see if I can find the 0:21:32.320 --> 0:21:36.920 exact tweet. Uh. Yeah, CBS News came out and said 0:21:36.960 --> 0:21:40.800 that they're going to suspend all Twitter activity due to 0:21:41.000 --> 0:21:46.159