1 00:00:00,080 --> 00:00:02,400 Speaker 1: Hey, everyone, welcome back to another episode of The Mark 2 00:00:02,480 --> 00:00:06,000 Speaker 1: Mass Show, where we talk about the decentralized revolution that 3 00:00:06,080 --> 00:00:08,400 Speaker 1: is changing the world before very eyes. Of course, we're 4 00:00:08,400 --> 00:00:12,000 Speaker 1: talking about bitcoin, we're talking about cryptocurrencies. We're talking about 5 00:00:12,680 --> 00:00:16,640 Speaker 1: how they are bringing the convergence of both politics, technology 6 00:00:16,800 --> 00:00:19,880 Speaker 1: and finance together to change the world as we know it. 7 00:00:19,920 --> 00:00:23,319 Speaker 1: And you really can't understand one without the other. You 8 00:00:23,400 --> 00:00:26,079 Speaker 1: just can't. And so I see a lot of people 9 00:00:26,160 --> 00:00:28,360 Speaker 1: trying to like just focus on politics and then they 10 00:00:28,400 --> 00:00:31,320 Speaker 1: just don't understand really how all that fits into things 11 00:00:31,360 --> 00:00:33,840 Speaker 1: where it's like, oh, great, Okay, you're telling me about 12 00:00:33,840 --> 00:00:35,360 Speaker 1: this topic, but what does that really mean to me? 13 00:00:35,440 --> 00:00:37,000 Speaker 1: Or why do I care? Why should I care kind 14 00:00:37,000 --> 00:00:39,599 Speaker 1: of a thing? Or the same could be about finance, right, 15 00:00:39,680 --> 00:00:41,960 Speaker 1: Like you're talking about yield curve controls, you're talking about 16 00:00:42,000 --> 00:00:43,519 Speaker 1: the euro dollar market. What does that even mean? Well, 17 00:00:43,520 --> 00:00:44,600 Speaker 1: you kind of have to look at the If you 18 00:00:44,640 --> 00:00:46,960 Speaker 1: don't understand the politics behind the euro dollar market, then 19 00:00:46,960 --> 00:00:49,120 Speaker 1: you can't understand the finance part by the eurotellar market, 20 00:00:49,320 --> 00:00:51,000 Speaker 1: And then if you don't understand the technology piece, then 21 00:00:51,000 --> 00:00:53,000 Speaker 1: you don't understand how that's really the driver that changes 22 00:00:53,040 --> 00:00:54,800 Speaker 1: all this together. And so of course that's what we 23 00:00:54,880 --> 00:00:58,840 Speaker 1: are talking about. And of course you know, each and 24 00:00:58,880 --> 00:01:01,680 Speaker 1: every week I'm trying to bring to you another angle 25 00:01:02,160 --> 00:01:05,680 Speaker 1: to understand all of this, because it's not easy. I mean, 26 00:01:05,720 --> 00:01:08,160 Speaker 1: I've been doing this for a long time and um, 27 00:01:08,280 --> 00:01:11,880 Speaker 1: each day we're still discovering and learning um new things 28 00:01:11,920 --> 00:01:14,440 Speaker 1: about it, um and it's it's very interesting and so 29 00:01:14,480 --> 00:01:17,120 Speaker 1: hopefully you're tuning in each and every week. Follow me 30 00:01:17,160 --> 00:01:20,280 Speaker 1: on Twitter at one Mark mossum or on Instagram at 31 00:01:20,280 --> 00:01:22,280 Speaker 1: one Mark Moss and let me know if you have 32 00:01:22,319 --> 00:01:24,679 Speaker 1: any questions. I'd love to answer them for you there online. 33 00:01:25,440 --> 00:01:29,400 Speaker 1: But of course it's no surprise to you. It shouldn't be. 34 00:01:29,720 --> 00:01:32,160 Speaker 1: If you're alive and you've ever spent any money in 35 00:01:32,200 --> 00:01:33,920 Speaker 1: the first last couple of weeks, then you know that 36 00:01:34,120 --> 00:01:40,200 Speaker 1: everything is getting crazy expensive. Just this week, the government, 37 00:01:40,319 --> 00:01:42,360 Speaker 1: the United States government, the BLS, put out the new 38 00:01:42,440 --> 00:01:46,000 Speaker 1: inflation numbers, the c p I, the Consumer Price Index. 39 00:01:46,120 --> 00:01:48,640 Speaker 1: I like to call it the cp lie because they 40 00:01:48,680 --> 00:01:52,800 Speaker 1: lie about the numbers. It's completely fabricated and made up. Um. 41 00:01:52,840 --> 00:01:54,720 Speaker 1: But of course it should be a surprise. They came 42 00:01:54,720 --> 00:01:59,360 Speaker 1: out eight point five percent. Another record. We're we're breaking 43 00:01:59,360 --> 00:02:02,640 Speaker 1: records on our way to another forty year high. Now 44 00:02:02,680 --> 00:02:04,680 Speaker 1: what's interesting is we haven't been to this forty year 45 00:02:04,760 --> 00:02:10,080 Speaker 1: high since the nineteen eighties, which was the famous the 46 00:02:10,160 --> 00:02:13,280 Speaker 1: we're famously known for having the highest levels of inflation 47 00:02:13,360 --> 00:02:17,080 Speaker 1: when then President Ronald Reagan had the uh then sitting 48 00:02:17,160 --> 00:02:21,560 Speaker 1: president Fed Board governor, I should say, Paul Volker. Today 49 00:02:21,560 --> 00:02:23,920 Speaker 1: we have J. Powell. Back then we had Vulcar and 50 00:02:23,960 --> 00:02:29,280 Speaker 1: he famously raised I couldn't even imagine this today. He 51 00:02:29,320 --> 00:02:31,919 Speaker 1: famously raised the Fed funds rate, the interest rate to 52 00:02:33,520 --> 00:02:38,480 Speaker 1: almost twenty percent. It's amazing. It's amazing to think about 53 00:02:38,520 --> 00:02:41,720 Speaker 1: that because we've had almost zero percent for the last 54 00:02:41,720 --> 00:02:45,000 Speaker 1: couple of years. Uh. Just as of like two months ago, 55 00:02:45,120 --> 00:02:48,720 Speaker 1: mortgage rates were like three percent, but in the eighties 56 00:02:48,760 --> 00:02:52,840 Speaker 1: they were twenty percent. Imagine having a mortgage rate insane. 57 00:02:53,280 --> 00:02:57,079 Speaker 1: But then uh then then chair Fed Chair Volker had 58 00:02:57,120 --> 00:03:00,840 Speaker 1: to do that because inflation was so high. And so 59 00:03:01,000 --> 00:03:04,320 Speaker 1: that's the important part to understand, to understand that we're 60 00:03:04,360 --> 00:03:07,200 Speaker 1: back to where we were in the eighties when Vulker 61 00:03:07,280 --> 00:03:11,639 Speaker 1: had to do that raising rates, and here we are 62 00:03:11,720 --> 00:03:15,639 Speaker 1: with the Federal Reserve raising rates a quarter point like 63 00:03:15,680 --> 00:03:17,400 Speaker 1: what the heck is a quarter point going to do. 64 00:03:18,200 --> 00:03:20,280 Speaker 1: The answer is nothing. Now, what does this all have 65 00:03:20,320 --> 00:03:22,760 Speaker 1: to do with bitcoin and cryptocurrencies in this new financial system? 66 00:03:22,800 --> 00:03:26,240 Speaker 1: You say, well, I'm glad you asked that question. Well, 67 00:03:26,280 --> 00:03:29,800 Speaker 1: we're witnessing the death of this system now. Um. People 68 00:03:29,840 --> 00:03:31,200 Speaker 1: ask me all the time because I talked about this 69 00:03:31,200 --> 00:03:32,560 Speaker 1: all the time on my YouTube channel. If you're not 70 00:03:32,560 --> 00:03:34,760 Speaker 1: watching my on YouTube, you should Mark Moss just search 71 00:03:34,880 --> 00:03:38,000 Speaker 1: me there. They say, when Mark, When when is this 72 00:03:38,040 --> 00:03:39,760 Speaker 1: going to happen? Mark? When is it gonna happen? Is 73 00:03:39,760 --> 00:03:41,320 Speaker 1: it gonna be within the next year, within the next 74 00:03:41,360 --> 00:03:44,600 Speaker 1: three years. It's like, dude, it's happening right now, Like, 75 00:03:45,320 --> 00:03:48,360 Speaker 1: don't you see it? Uh? The dollar has not always 76 00:03:48,400 --> 00:03:50,320 Speaker 1: been the reserve currency of the world. Before the dollar, 77 00:03:50,360 --> 00:03:53,080 Speaker 1: it was the British pound, And before the British pound, 78 00:03:53,120 --> 00:03:55,560 Speaker 1: it was I believe Portugal. Before that it was like France, 79 00:03:55,600 --> 00:03:57,920 Speaker 1: and then it was like Holland and right the Dutch guilder. 80 00:03:57,960 --> 00:03:59,680 Speaker 1: It's it's been many different currencies. Sorry, I don't have 81 00:03:59,720 --> 00:04:01,280 Speaker 1: the list in front of me, so sorry if I 82 00:04:01,280 --> 00:04:03,720 Speaker 1: got that wrong. Um, but it but it changes about 83 00:04:03,720 --> 00:04:05,600 Speaker 1: every hundred years, and so the dollar hasn't always been 84 00:04:05,640 --> 00:04:07,440 Speaker 1: There was the British pound before that. And what's important 85 00:04:07,520 --> 00:04:10,600 Speaker 1: understand is that happened in the early you know, twenties 86 00:04:10,600 --> 00:04:12,520 Speaker 1: and thirties, through World War One and World War Two, 87 00:04:13,280 --> 00:04:17,839 Speaker 1: and it was about a forty year transition. So it's 88 00:04:17,839 --> 00:04:20,480 Speaker 1: not like on this day, this is what happened. It's 89 00:04:20,520 --> 00:04:24,680 Speaker 1: just like it's a process. And so everyone asked me 90 00:04:24,680 --> 00:04:26,599 Speaker 1: when is it gonna happen, It's like it's happening right now. 91 00:04:27,120 --> 00:04:29,120 Speaker 1: Like if you're watching like a freshly painted wall dry, 92 00:04:29,120 --> 00:04:31,120 Speaker 1: it's like, when is it gonna dry? Well, it's drying 93 00:04:31,200 --> 00:04:32,919 Speaker 1: right now. We're watching it, and that that's kind of 94 00:04:32,920 --> 00:04:34,960 Speaker 1: what we're doing, except for it's much more exciting than 95 00:04:34,960 --> 00:04:38,039 Speaker 1: watching paint dry. And so back to this inflation we're 96 00:04:38,120 --> 00:04:41,839 Speaker 1: we're we're at this very interesting junction in time where 97 00:04:42,760 --> 00:04:49,919 Speaker 1: inflation is raging um. But but the Fed chair J. 98 00:04:50,040 --> 00:04:53,720 Speaker 1: Powell doesn't really have the ability or probably the stomach 99 00:04:53,800 --> 00:04:56,240 Speaker 1: to do what Paul Wilker did back then. And if 100 00:04:56,279 --> 00:04:58,520 Speaker 1: eight point five sounds bad, it's actually much worse than that. 101 00:04:58,560 --> 00:05:01,400 Speaker 1: We saw a supplier price rose eleven point two from 102 00:05:01,440 --> 00:05:03,640 Speaker 1: a year ago in March, the biggest gain on record. 103 00:05:04,120 --> 00:05:07,320 Speaker 1: This is the producer price index. So there's the CPI, 104 00:05:07,400 --> 00:05:09,400 Speaker 1: the consumer price index, that's how much of your pain 105 00:05:09,440 --> 00:05:11,919 Speaker 1: when you go to the market. The producer price index 106 00:05:12,000 --> 00:05:15,240 Speaker 1: is how much the producers are paining to produce it. 107 00:05:14,160 --> 00:05:17,719 Speaker 1: And it's important to understand that number for a couple 108 00:05:17,720 --> 00:05:20,840 Speaker 1: of reasons. One, it's less manipulated than the CPL number 109 00:05:20,839 --> 00:05:24,920 Speaker 1: the government produces. But also, um, if it costs producers 110 00:05:24,920 --> 00:05:28,520 Speaker 1: to more to produce something, then it's going to also 111 00:05:28,640 --> 00:05:31,479 Speaker 1: cost you more to buy that thing. But it has 112 00:05:31,520 --> 00:05:34,400 Speaker 1: like a lag. So the producer price index gives us 113 00:05:34,400 --> 00:05:38,160 Speaker 1: a little sneak peak as to what's coming next, um right, 114 00:05:38,200 --> 00:05:40,520 Speaker 1: So if if, if, it's it takes time to work 115 00:05:40,520 --> 00:05:42,760 Speaker 1: its way through the system. So like we're seeing commodities 116 00:05:42,760 --> 00:05:45,880 Speaker 1: go through the roof, right, So oil, natural gas, copper, 117 00:05:46,240 --> 00:05:49,000 Speaker 1: zinc they're going through like I mean, fertili like a 118 00:05:49,880 --> 00:05:53,559 Speaker 1: increases and that's when they create the commodity. So they've 119 00:05:53,720 --> 00:05:56,479 Speaker 1: produced the copper, they produced the lithium, and then it 120 00:05:56,520 --> 00:05:58,719 Speaker 1: has to get shipped, which shipping costs have gone up 121 00:05:58,720 --> 00:06:00,880 Speaker 1: because oil has to get ship to the next manufacturer 122 00:06:00,920 --> 00:06:02,720 Speaker 1: who then puts that together and the raw materials, and 123 00:06:02,720 --> 00:06:04,280 Speaker 1: then that has to get shipped to the next person 124 00:06:04,320 --> 00:06:05,919 Speaker 1: who then breaks it down and then they get shipped 125 00:06:05,920 --> 00:06:07,960 Speaker 1: to the manufacturer then assembles it and then it gets 126 00:06:07,960 --> 00:06:10,119 Speaker 1: shipped to the warehouse and then they finally get shipped 127 00:06:10,120 --> 00:06:12,520 Speaker 1: to the retail. So if you look at the start 128 00:06:12,520 --> 00:06:15,080 Speaker 1: of the commodities going up, you know that eventually it's 129 00:06:15,120 --> 00:06:17,040 Speaker 1: like a like a snake and watching like a rat 130 00:06:17,080 --> 00:06:20,480 Speaker 1: go through a snake. Sorry for the visual, but watching 131 00:06:20,520 --> 00:06:22,120 Speaker 1: like a snake go through a rat. And so you 132 00:06:22,160 --> 00:06:24,320 Speaker 1: can see when the prices go up on the commodities, 133 00:06:24,600 --> 00:06:27,160 Speaker 1: you know eventually that's going to get to you at 134 00:06:27,160 --> 00:06:29,000 Speaker 1: the store. And so this kind of gives a sneak 135 00:06:29,000 --> 00:06:32,240 Speaker 1: peek into what's going on. And they are going up, 136 00:06:32,279 --> 00:06:35,320 Speaker 1: like I said, eleven from a year ago, which is 137 00:06:35,360 --> 00:06:37,800 Speaker 1: just insane. Now what they do is they say, well, 138 00:06:37,800 --> 00:06:41,120 Speaker 1: if we strip out what we call core, the core 139 00:06:41,440 --> 00:06:45,160 Speaker 1: pp I or the core CPI, CORE takes out food 140 00:06:45,800 --> 00:06:48,440 Speaker 1: and energy, which is pretty interesting that they would even 141 00:06:48,440 --> 00:06:51,880 Speaker 1: do that, because what are the two most important things 142 00:06:51,880 --> 00:06:54,000 Speaker 1: that we need to stay alive. If you cut out 143 00:06:54,080 --> 00:06:56,720 Speaker 1: everything that you spent money on, the last thing that 144 00:06:56,760 --> 00:06:59,240 Speaker 1: you would cut would be food because obviously you can't 145 00:06:59,480 --> 00:07:02,680 Speaker 1: live without food. Um, And then energy, like you need 146 00:07:02,839 --> 00:07:05,200 Speaker 1: lights at your house, and you need your food and 147 00:07:05,240 --> 00:07:08,880 Speaker 1: refrigerator to stay cold. Without food and energy, you die. 148 00:07:09,080 --> 00:07:10,880 Speaker 1: And I don't know why they want to take those 149 00:07:10,920 --> 00:07:13,760 Speaker 1: things out. Well I do know why. The reason why 150 00:07:13,880 --> 00:07:15,800 Speaker 1: is because those are the things that have gone up 151 00:07:15,880 --> 00:07:20,200 Speaker 1: the most. Um. But you know what they were telling 152 00:07:20,280 --> 00:07:21,840 Speaker 1: us before is inflation is not a problem. And then 153 00:07:21,880 --> 00:07:25,000 Speaker 1: they said inflation is transitory. And then they said, well 154 00:07:25,040 --> 00:07:27,880 Speaker 1: it's not transitory, and they said, oh crap, we better 155 00:07:27,920 --> 00:07:31,080 Speaker 1: do something about it. And now they're telling us that, well, 156 00:07:31,160 --> 00:07:33,440 Speaker 1: I think it's peaked. Okay, now it's peaked. Now we're 157 00:07:33,440 --> 00:07:36,360 Speaker 1: gonna be back on the other side of this. Well, 158 00:07:36,360 --> 00:07:38,440 Speaker 1: I'm here to tell you that it has not peaked, 159 00:07:38,960 --> 00:07:40,720 Speaker 1: is not peaked. I'm gonna break down some numbers as 160 00:07:40,800 --> 00:07:42,040 Speaker 1: to why. I want to show you what some of 161 00:07:42,080 --> 00:07:45,120 Speaker 1: the numbers are and how I am pretty sure that 162 00:07:45,160 --> 00:07:47,720 Speaker 1: it's not. And also I have this startling number that 163 00:07:47,760 --> 00:07:49,920 Speaker 1: I saw today in a chart from the from the St. 164 00:07:49,960 --> 00:07:53,320 Speaker 1: Louis Federal Reserve Board that is shocking and it is 165 00:07:53,320 --> 00:07:55,200 Speaker 1: not good. I'm gonna tell you about that. But one 166 00:07:55,200 --> 00:07:57,520 Speaker 1: of the best ways to UM that I like to 167 00:07:57,640 --> 00:08:00,280 Speaker 1: hedge against inflation is to buy assets that are going 168 00:08:00,360 --> 00:08:04,120 Speaker 1: up faster than inflation. So for example, maybe buying real 169 00:08:04,280 --> 00:08:07,560 Speaker 1: estate at very low interest rate that inflation could basically 170 00:08:07,600 --> 00:08:09,239 Speaker 1: pay off for you. That's one way to do it. 171 00:08:09,400 --> 00:08:11,880 Speaker 1: Or one of my favorite ones is of course bitcoin, 172 00:08:12,600 --> 00:08:16,840 Speaker 1: buying bitcoin UM it's been going up faster than the 173 00:08:16,880 --> 00:08:18,400 Speaker 1: rate of inflation. As a matter of fact, it's average 174 00:08:18,400 --> 00:08:23,000 Speaker 1: about a year compounded annual growth rate. And so if 175 00:08:23,040 --> 00:08:26,080 Speaker 1: I buy an asset like bitcoin, UM, stocks are another 176 00:08:26,080 --> 00:08:28,200 Speaker 1: way that I can go, you know, beat beat that 177 00:08:28,280 --> 00:08:30,120 Speaker 1: rate of inflation. But bitcoin has been the best, my 178 00:08:30,200 --> 00:08:34,000 Speaker 1: preferred way to do that. UM. Of course, with bitcoin, 179 00:08:34,320 --> 00:08:35,960 Speaker 1: you want to make sure that you're holding it correctly. 180 00:08:35,960 --> 00:08:37,520 Speaker 1: I've talked about this many times. I made a video 181 00:08:37,520 --> 00:08:39,320 Speaker 1: about it. You can search it on YouTube. How I 182 00:08:39,400 --> 00:08:42,480 Speaker 1: lost over two million dollars worth of bitcoin. I know, right, 183 00:08:42,520 --> 00:08:44,240 Speaker 1: It's like a gut punch. Even for me to say 184 00:08:44,240 --> 00:08:46,640 Speaker 1: it again, it brings back memories. It wasn't two million 185 00:08:46,640 --> 00:08:48,839 Speaker 1: dollars at the time, but in today's dollars, if I 186 00:08:48,840 --> 00:08:50,440 Speaker 1: would have held onto that bitcoin would be worth over 187 00:08:50,480 --> 00:08:54,000 Speaker 1: two million dollars today and I lost it. You're listening 188 00:08:54,040 --> 00:08:55,480 Speaker 1: to the Mark Mushow. I want to give you a 189 00:08:55,480 --> 00:08:58,080 Speaker 1: couple of numbers about the consumer credit that is going 190 00:08:58,120 --> 00:08:59,680 Speaker 1: to blow your mind. I want to talk about why 191 00:08:59,800 --> 00:09:01,480 Speaker 1: in relations canna keep going up and what you should 192 00:09:01,480 --> 00:09:03,839 Speaker 1: do about it. So don't go away. I'll be right back. 193 00:09:04,400 --> 00:09:06,480 Speaker 1: All right, welcome back. You're listening to the Markmas Show. 194 00:09:06,480 --> 00:09:09,200 Speaker 1: We're talking about bitcoin and cryptocurrencies. We're talking about the 195 00:09:09,200 --> 00:09:13,240 Speaker 1: decentralized revolution. We're talking about, or rather I should say, 196 00:09:13,320 --> 00:09:18,000 Speaker 1: I'm narrating you through the changing monetary system, the world 197 00:09:18,160 --> 00:09:21,400 Speaker 1: order as we know it. Like I said, people ask 198 00:09:21,440 --> 00:09:23,079 Speaker 1: me all the time, when when is it gonna happen? 199 00:09:23,080 --> 00:09:25,280 Speaker 1: And I say, it's happening right now. You just gotta 200 00:09:25,280 --> 00:09:28,120 Speaker 1: pay attention. And so we're witnessing the death of it. 201 00:09:28,559 --> 00:09:31,160 Speaker 1: The problem is and I and I take no joy 202 00:09:31,200 --> 00:09:34,160 Speaker 1: in this. I take no joy in this. It's not 203 00:09:34,200 --> 00:09:36,920 Speaker 1: going to be good for most people. It's not going 204 00:09:36,960 --> 00:09:39,480 Speaker 1: to be good for most people. UM. The system that 205 00:09:39,520 --> 00:09:43,199 Speaker 1: we have is set up to take care of people 206 00:09:43,200 --> 00:09:47,560 Speaker 1: who don't want to take care of themselves. And so 207 00:09:47,760 --> 00:09:49,800 Speaker 1: you know, my job is to try to wake as 208 00:09:49,800 --> 00:09:52,480 Speaker 1: many people up as I can so they can you know, 209 00:09:52,559 --> 00:09:56,400 Speaker 1: get on the right side of this. UM. So I 210 00:09:56,400 --> 00:09:58,280 Speaker 1: don't take any joy in it, but it is what 211 00:09:58,320 --> 00:10:00,280 Speaker 1: it is, and it's happening right now. And I was 212 00:10:00,320 --> 00:10:03,600 Speaker 1: talking about inflation and how inflation is going crazy. What 213 00:10:03,640 --> 00:10:06,400 Speaker 1: we're talking about. The producer price indexes at another all 214 00:10:06,440 --> 00:10:08,360 Speaker 1: time I and if it costs more to produce stuff, 215 00:10:08,360 --> 00:10:09,880 Speaker 1: it's going to cost you more to buy the stuff. 216 00:10:11,000 --> 00:10:12,400 Speaker 1: And I said that I was gonna show you how. 217 00:10:12,400 --> 00:10:15,320 Speaker 1: I was saying, inflation has not peaked. So they were 218 00:10:15,360 --> 00:10:17,240 Speaker 1: telling you it's transitory and it's gonna go away, and 219 00:10:17,240 --> 00:10:19,800 Speaker 1: they're saying it's peaked this and them, But it hasn't peaked. 220 00:10:20,200 --> 00:10:23,320 Speaker 1: And and we know this because of one, like I said, 221 00:10:23,360 --> 00:10:26,320 Speaker 1: the producer price index, UM, that's going up. And so 222 00:10:26,320 --> 00:10:27,880 Speaker 1: if that's still going up, we know the consumers are 223 00:10:27,880 --> 00:10:32,120 Speaker 1: going to pay more. But we also see that all 224 00:10:32,160 --> 00:10:35,680 Speaker 1: that matters is like UM, when you break down the spending, 225 00:10:35,760 --> 00:10:38,120 Speaker 1: there's like different categories you have like food and energy, 226 00:10:38,200 --> 00:10:41,960 Speaker 1: your food, energy, energy, trade, things like that. But the 227 00:10:41,960 --> 00:10:43,559 Speaker 1: thing is, as I was saying, is that food and 228 00:10:43,600 --> 00:10:46,560 Speaker 1: energy the most important things. Those are like your basic necessities, 229 00:10:47,240 --> 00:10:50,200 Speaker 1: and so UM as those those are climbing like crazy, 230 00:10:50,240 --> 00:10:52,600 Speaker 1: they're going up insane, which is why they try to 231 00:10:52,679 --> 00:10:55,120 Speaker 1: pull those out to try to make it look better, right, 232 00:10:55,440 --> 00:10:58,600 Speaker 1: But those are the final final good demands. And what 233 00:10:58,720 --> 00:11:03,319 Speaker 1: happens is when the is go up in value, um, 234 00:11:03,320 --> 00:11:05,960 Speaker 1: maybe people spend less on the other things, so it 235 00:11:06,000 --> 00:11:09,360 Speaker 1: looks a little bit better temporarily um. And the energy 236 00:11:09,360 --> 00:11:12,000 Speaker 1: prices they do fluctuate, so like, for example, the Biden 237 00:11:12,000 --> 00:11:15,560 Speaker 1: administration has been releasing oil from the strategic Patroleum reserves, 238 00:11:15,720 --> 00:11:17,760 Speaker 1: so it's brought the gas prices down a couple of pennies, 239 00:11:17,880 --> 00:11:20,440 Speaker 1: not not a lot. It looks like a big win 240 00:11:20,559 --> 00:11:23,000 Speaker 1: for them. It's much more dangerous for us no long 241 00:11:23,080 --> 00:11:25,720 Speaker 1: term because now we don't have any reserves. That doesn't 242 00:11:25,720 --> 00:11:27,640 Speaker 1: sound like a good idea. It's not really an emergency. 243 00:11:28,360 --> 00:11:31,280 Speaker 1: We're supposed to hold those for an actual like emergency, 244 00:11:31,880 --> 00:11:35,360 Speaker 1: which we're not in. But you know, the energy prices 245 00:11:35,400 --> 00:11:39,360 Speaker 1: are fluctuated about food prices. Food prices don't fluctuate, right. Um. 246 00:11:39,520 --> 00:11:41,880 Speaker 1: Once the price of a grocery item goes up, that's 247 00:11:41,960 --> 00:11:45,000 Speaker 1: that's just it. It stays there forever, right. And if 248 00:11:45,040 --> 00:11:47,200 Speaker 1: you think about this logically, when food prices go up 249 00:11:47,240 --> 00:11:50,439 Speaker 1: really fast, then the price of other stuff maybe falls 250 00:11:50,600 --> 00:11:52,440 Speaker 1: or at least rises a little bit more slowly because 251 00:11:52,480 --> 00:11:55,840 Speaker 1: people are buying have to spend more money and defeating themselves. 252 00:11:55,840 --> 00:11:58,760 Speaker 1: They're not buying other stuff as much like cars and 253 00:11:58,920 --> 00:12:03,199 Speaker 1: you know, entertainment they like. That makes sense, right, But 254 00:12:03,320 --> 00:12:05,200 Speaker 1: that doesn't mean that inflation is peaking. It just means 255 00:12:05,240 --> 00:12:08,960 Speaker 1: that people are getting poorer because price increases are getting worse. 256 00:12:09,440 --> 00:12:11,440 Speaker 1: And we can see this evidence in the chart. And 257 00:12:11,480 --> 00:12:13,360 Speaker 1: this is in this chart that we got from the 258 00:12:13,440 --> 00:12:17,800 Speaker 1: from the thread the St. Louis Federal Reserve and it's 259 00:12:17,840 --> 00:12:21,240 Speaker 1: on consumer credit. And so what we've seen is that 260 00:12:21,400 --> 00:12:25,400 Speaker 1: consumer credit is climbing at an all time record pace 261 00:12:25,520 --> 00:12:29,320 Speaker 1: right now. I mean it's insane. Um. And now consumer 262 00:12:29,360 --> 00:12:34,000 Speaker 1: credit is like credit cards, like when do you use 263 00:12:34,040 --> 00:12:36,920 Speaker 1: credit cards? Like when you go to dinner or things 264 00:12:36,960 --> 00:12:40,600 Speaker 1: like that. Now there's such thing. I'm a big fan 265 00:12:40,679 --> 00:12:43,719 Speaker 1: a disciple of Robert Kiyosaki, has been my teacher for 266 00:12:44,200 --> 00:12:46,000 Speaker 1: twenty five years, reading his books and now he's one 267 00:12:46,040 --> 00:12:48,520 Speaker 1: of my actual friends. UM. And he talks about good 268 00:12:48,559 --> 00:12:50,880 Speaker 1: credit and bad credit. Now, good credit is when I 269 00:12:50,920 --> 00:12:54,440 Speaker 1: buy new equipment from my business, um, and that now 270 00:12:54,559 --> 00:12:56,920 Speaker 1: can make income for me for a long time. If 271 00:12:56,920 --> 00:12:59,200 Speaker 1: I'm invested into R and D, and that can engrow 272 00:12:59,280 --> 00:13:02,760 Speaker 1: my business. So when I'm using credit for things like 273 00:13:02,800 --> 00:13:05,600 Speaker 1: that that can help me grow, that can help me earn, 274 00:13:06,160 --> 00:13:07,920 Speaker 1: that's that's a good form of credit. If I if 275 00:13:07,920 --> 00:13:11,040 Speaker 1: I borrow money to buy an apartment building, and now 276 00:13:11,080 --> 00:13:14,000 Speaker 1: that apartment building makes me income, that's good credit. But 277 00:13:14,360 --> 00:13:17,600 Speaker 1: but what consumer loans consumer credit is totally different, right. 278 00:13:17,600 --> 00:13:20,160 Speaker 1: It's a pretty modern invention. It started about the fifties 279 00:13:20,160 --> 00:13:22,000 Speaker 1: and sixties when we got those personal credit cards. I 280 00:13:22,000 --> 00:13:24,520 Speaker 1: was talking about that earlier and about the forties. Makes 281 00:13:24,520 --> 00:13:28,040 Speaker 1: no business sense at all. Basically, you're allowing someone to 282 00:13:28,200 --> 00:13:32,680 Speaker 1: use debt to buy food, like people can use debt 283 00:13:32,559 --> 00:13:35,880 Speaker 1: to buy food. Like that's a moral problem, right, If 284 00:13:35,920 --> 00:13:39,400 Speaker 1: someone has to borrow money, go into debt to buy food, 285 00:13:40,400 --> 00:13:46,120 Speaker 1: they're probably not able to pay you back, right, Um, Like, 286 00:13:46,320 --> 00:13:48,880 Speaker 1: maybe if people can't afford food, we should give them charity, 287 00:13:49,040 --> 00:13:51,720 Speaker 1: not credit, something like that, maybe an interest free loan. 288 00:13:52,160 --> 00:13:56,480 Speaker 1: But you shouldn't be using money for consumable things because 289 00:13:56,520 --> 00:13:58,120 Speaker 1: it's probably be able to pay back. And so this 290 00:13:58,200 --> 00:14:00,800 Speaker 1: chart just shows us. You can't it, but you can 291 00:14:00,880 --> 00:14:04,200 Speaker 1: just google it later. It shows you how bad this is. 292 00:14:04,240 --> 00:14:07,200 Speaker 1: And at this record credit expansion that we're in right now, 293 00:14:07,320 --> 00:14:08,640 Speaker 1: Like I said, with a lot of it going into 294 00:14:08,640 --> 00:14:13,000 Speaker 1: the food and basic necessities. It shows, it shows how 295 00:14:13,160 --> 00:14:18,280 Speaker 1: society's creator. Right, it's an it's a societal thing, um. 296 00:14:18,360 --> 00:14:20,320 Speaker 1: And it has to do with this inflation going up. 297 00:14:20,320 --> 00:14:22,800 Speaker 1: It's bad um. And like I said, well, the Fed 298 00:14:22,840 --> 00:14:25,600 Speaker 1: wants to tell us that they've beaten they've beaten inflation, 299 00:14:25,840 --> 00:14:28,640 Speaker 1: that they've got a handle on it. Like I said, Um, 300 00:14:28,680 --> 00:14:30,760 Speaker 1: that's not what we see. The producer Price Index is eleven, 301 00:14:31,520 --> 00:14:35,400 Speaker 1: the biggest jump in prices UM since we've been tracking 302 00:14:35,400 --> 00:14:40,240 Speaker 1: this data since two thousand ten UM. And basically what 303 00:14:40,280 --> 00:14:41,880 Speaker 1: this tells us is that the real value of the 304 00:14:41,920 --> 00:14:50,040 Speaker 1: government's um thirty trillion dollar pile of debt UM will 305 00:14:50,040 --> 00:14:53,880 Speaker 1: be reduced to about three trillion this year because of 306 00:14:53,920 --> 00:14:57,960 Speaker 1: inflation UM. And this is basically what the big game is, right, 307 00:14:58,000 --> 00:15:01,960 Speaker 1: Like Washington wants to make that go away by having 308 00:15:02,160 --> 00:15:06,080 Speaker 1: this inflation um. But it's not going away something you 309 00:15:06,040 --> 00:15:07,920 Speaker 1: need to be prepared for, which is again why you 310 00:15:07,960 --> 00:15:11,440 Speaker 1: need to be thinking about hedging your bets with something 311 00:15:11,480 --> 00:15:13,280 Speaker 1: that can head you against inflation. Now, the first thing 312 00:15:13,400 --> 00:15:16,640 Speaker 1: is if you're not already saving money, that's your first problem. 313 00:15:16,840 --> 00:15:20,520 Speaker 1: So first off, think about that. Can you increase the 314 00:15:20,520 --> 00:15:25,440 Speaker 1: amount of income you're making your wealth creation. UM. If 315 00:15:25,520 --> 00:15:29,800 Speaker 1: you're having trouble increasing your money your wealth creation, and 316 00:15:29,880 --> 00:15:32,400 Speaker 1: you might need to learn some new skills. Those are 317 00:15:32,440 --> 00:15:36,040 Speaker 1: typically around what I call high value skills. Those are 318 00:15:36,080 --> 00:15:39,880 Speaker 1: typically around sales and marketing, the closest to the money supply. 319 00:15:40,360 --> 00:15:42,680 Speaker 1: I could go into any business on my local downtown 320 00:15:42,760 --> 00:15:44,640 Speaker 1: and say, hey, if I drove you a million dollars 321 00:15:44,680 --> 00:15:46,640 Speaker 1: of business this year, would you give me a hundred thousand? 322 00:15:46,880 --> 00:15:48,800 Speaker 1: And they would all say yes. And so I could 323 00:15:48,800 --> 00:15:53,240 Speaker 1: do that through both sales and marketing. UM. And then 324 00:15:53,280 --> 00:15:55,680 Speaker 1: you need to look at cutting expenses. And the goal 325 00:15:55,760 --> 00:15:59,680 Speaker 1: is to consume less than you produce, right, spend less 326 00:15:59,680 --> 00:16:01,600 Speaker 1: than you earn, and then you can start saving. And 327 00:16:01,640 --> 00:16:03,680 Speaker 1: then you need to save that in something that can 328 00:16:03,760 --> 00:16:08,040 Speaker 1: beat this rate of inflation, because it's not getting better. 329 00:16:08,200 --> 00:16:10,200 Speaker 1: Like I was, like I was telling before, like Paul 330 00:16:10,280 --> 00:16:17,280 Speaker 1: Volker Uh dealt with something similar way back in the day, UM, 331 00:16:17,320 --> 00:16:19,600 Speaker 1: and he was able to raise rates. But we can't 332 00:16:19,640 --> 00:16:23,280 Speaker 1: do that. I mean nine at the time, federal debt 333 00:16:23,320 --> 00:16:27,840 Speaker 1: was only eight and twenty seven billion, less than one trillion. 334 00:16:28,240 --> 00:16:32,720 Speaker 1: Today we're at thirty trillion. So UM, you can't just 335 00:16:32,840 --> 00:16:34,960 Speaker 1: raise the debt. I'm sorry. You can't just raise the 336 00:16:35,040 --> 00:16:39,200 Speaker 1: rates when you've got thirty times more than thirty times 337 00:16:39,560 --> 00:16:45,520 Speaker 1: the amount of debt. This doesn't work. You know, the 338 00:16:45,840 --> 00:16:49,400 Speaker 1: FEDS have printed up eight trillion dollars in extra cash 339 00:16:49,680 --> 00:16:54,040 Speaker 1: in the last twenty years, eight trillion. The biggest spurt, 340 00:16:54,120 --> 00:16:56,480 Speaker 1: four trillion of it came in the last eighteen months. 341 00:16:57,200 --> 00:17:01,880 Speaker 1: That means the more they print the more are the 342 00:17:02,000 --> 00:17:05,439 Speaker 1: less your existing dollars are worth. So the goal is 343 00:17:05,480 --> 00:17:07,600 Speaker 1: to make more of those dollars while you can spend 344 00:17:07,680 --> 00:17:09,119 Speaker 1: less of them so you can save someone put it 345 00:17:09,119 --> 00:17:10,960 Speaker 1: into something like bitcoin that you can hold over a 346 00:17:10,960 --> 00:17:14,959 Speaker 1: long period of time and hope to make it on 347 00:17:15,000 --> 00:17:18,240 Speaker 1: the other side. Alright, So hopefully that makes sense. Now, 348 00:17:18,240 --> 00:17:20,399 Speaker 1: we've got a lot more to cover in what's happening 349 00:17:20,480 --> 00:17:22,440 Speaker 1: right here, a lot more about what the FEDS doing, 350 00:17:22,440 --> 00:17:24,639 Speaker 1: a lot more about what's happening over in Europe, and 351 00:17:24,680 --> 00:17:26,720 Speaker 1: they're trying to come back this and then of course 352 00:17:26,760 --> 00:17:28,399 Speaker 1: trying to bring it back to what you should be 353 00:17:28,440 --> 00:17:29,760 Speaker 1: doing about this. I've got a lot more to cover. 354 00:17:30,160 --> 00:17:32,160 Speaker 1: Do not go away, you're listening to the Markmas Show. 355 00:17:32,160 --> 00:17:34,399 Speaker 1: I'll be right back, all right. Welcome back. You are 356 00:17:34,440 --> 00:17:38,159 Speaker 1: listening to the Mark ma Show. We're talking about, well, 357 00:17:38,240 --> 00:17:40,399 Speaker 1: the same thing we talked about every week. Bitcoin, we're 358 00:17:40,400 --> 00:17:43,560 Speaker 1: talking about cryptocurrency. We're talking about the decentralized revolution the 359 00:17:43,560 --> 00:17:47,240 Speaker 1: world is going into right now. Never a dull moment 360 00:17:47,240 --> 00:17:51,000 Speaker 1: around here lately, because it is changing rapidly before eyes. 361 00:17:51,040 --> 00:17:52,920 Speaker 1: And that is, of course, if you have them open 362 00:17:52,920 --> 00:17:55,480 Speaker 1: and you're paying attention, which of course I know you 363 00:17:55,520 --> 00:17:58,040 Speaker 1: are because you are tuned in and you're listening to 364 00:17:58,040 --> 00:18:00,359 Speaker 1: me right now. Now, a couple of things that we've 365 00:18:00,400 --> 00:18:02,960 Speaker 1: been talking about before the break is, uh, the rate 366 00:18:03,080 --> 00:18:05,840 Speaker 1: of this financial system dying right before us. You know, 367 00:18:05,880 --> 00:18:11,200 Speaker 1: it's pretty interesting. Um you look at uh, at a 368 00:18:11,440 --> 00:18:15,760 Speaker 1: system dying and why that happens, right, and so like 369 00:18:16,160 --> 00:18:18,080 Speaker 1: the one that we're in right now, it's like falling 370 00:18:18,119 --> 00:18:21,320 Speaker 1: apart and there's not enough superglue and duct taped off 371 00:18:21,320 --> 00:18:24,200 Speaker 1: seemed to hold this thing together. I was talking about 372 00:18:24,240 --> 00:18:26,959 Speaker 1: before the break. I was talking about how we're setting 373 00:18:27,320 --> 00:18:31,160 Speaker 1: new inflation numbers that haven't been seen since the nineteen eighties, 374 00:18:31,440 --> 00:18:35,000 Speaker 1: when of course we had inflation is high again and 375 00:18:35,040 --> 00:18:38,640 Speaker 1: at that time, then President Ronald Reagan had then um 376 00:18:38,800 --> 00:18:42,120 Speaker 1: fed share of President Paul Volker, and he did some 377 00:18:42,440 --> 00:18:47,400 Speaker 1: crazy things like raising interest rates, and here we are 378 00:18:47,720 --> 00:18:49,760 Speaker 1: no near zero percentage strates and the FED is trying 379 00:18:49,800 --> 00:18:52,800 Speaker 1: to raise them like a quarter of a percent like 380 00:18:52,840 --> 00:18:56,440 Speaker 1: that ain't gonna do anything, Like they're not even trying, right, 381 00:18:56,480 --> 00:18:58,159 Speaker 1: But at the same time, they're like gas lighting us. 382 00:18:58,200 --> 00:18:59,520 Speaker 1: They're trying to tell us what we're seeing is not 383 00:18:59,560 --> 00:19:01,520 Speaker 1: what we're seeing, and then try and tell us it, Oh, no, 384 00:19:01,600 --> 00:19:03,960 Speaker 1: don't worry, like prices are coming down, like like, uh, 385 00:19:04,240 --> 00:19:06,720 Speaker 1: don't don't worry. Don't worry about that. Now. I was 386 00:19:06,760 --> 00:19:08,880 Speaker 1: given some numbers before, but you know, I was looking 387 00:19:08,880 --> 00:19:12,320 Speaker 1: at this chart I posted on Twitter, I think yesterday. 388 00:19:12,720 --> 00:19:14,359 Speaker 1: Um and if you're not following me on Twitter, you should. 389 00:19:14,400 --> 00:19:17,600 Speaker 1: It's at one Mark Moss at one Mark Moss and um. 390 00:19:17,600 --> 00:19:20,000 Speaker 1: I was saying that if you don't believe food food prices, 391 00:19:20,440 --> 00:19:23,719 Speaker 1: or I said, don't believe the whole h food prices 392 00:19:23,720 --> 00:19:26,359 Speaker 1: of peak narrative, because what happens is they look at 393 00:19:26,400 --> 00:19:28,919 Speaker 1: inflation and they look at it as they measure it 394 00:19:28,960 --> 00:19:31,560 Speaker 1: in year over year prices. So they'd say, um, you know, 395 00:19:31,600 --> 00:19:34,480 Speaker 1: here we are in April. So let's say April last 396 00:19:34,560 --> 00:19:36,880 Speaker 1: year was this price. Now April this year is this price. 397 00:19:36,920 --> 00:19:38,840 Speaker 1: So year over year it was as much of a game. 398 00:19:39,480 --> 00:19:41,600 Speaker 1: And when we look at food prices, what we can 399 00:19:41,600 --> 00:19:46,719 Speaker 1: see is that in in uh, April, May and June 400 00:19:46,960 --> 00:19:52,479 Speaker 1: were actually surprisingly low. Now uh, if you uh, if 401 00:19:52,480 --> 00:19:53,800 Speaker 1: you're on Twitter, you can go. You got this chart, 402 00:19:53,840 --> 00:19:55,920 Speaker 1: Otherwise I'll just explained to you. But you can see 403 00:19:55,960 --> 00:19:59,560 Speaker 1: that prices were in like the four percent range, and 404 00:19:59,600 --> 00:20:03,280 Speaker 1: then we're kind of scaling down in like January, February, 405 00:20:03,280 --> 00:20:06,040 Speaker 1: March down to like three point five. And then all 406 00:20:06,040 --> 00:20:07,560 Speaker 1: of a sudden, they just dropped off a cliff down 407 00:20:07,560 --> 00:20:10,199 Speaker 1: to like two point four two point two, um, and 408 00:20:10,240 --> 00:20:12,359 Speaker 1: then and then they ran back up in August back 409 00:20:12,400 --> 00:20:14,560 Speaker 1: to like three and a half. So what does that mean? Well, 410 00:20:14,600 --> 00:20:17,000 Speaker 1: for those three months, they were abnormally low. And the 411 00:20:17,040 --> 00:20:20,240 Speaker 1: reason why that's important to understand is that the next 412 00:20:20,240 --> 00:20:22,600 Speaker 1: couple of reports that we see are going to look 413 00:20:22,760 --> 00:20:26,880 Speaker 1: extremely bad when priced in year over year terms as 414 00:20:27,000 --> 00:20:31,600 Speaker 1: as they do. And so, UM, don't be in this 415 00:20:31,680 --> 00:20:34,000 Speaker 1: camp that like, oh, you know, food price is a 416 00:20:34,000 --> 00:20:37,919 Speaker 1: peak that's going down. Um, it's completely possible that we 417 00:20:37,960 --> 00:20:43,040 Speaker 1: could see inflation numbers past fifteen percent. I think in 418 00:20:43,080 --> 00:20:46,119 Speaker 1: the next couple of months, which is amazing. Now, what 419 00:20:46,200 --> 00:20:49,280 Speaker 1: does that mean to you, though? Right? What does that mean? Like? 420 00:20:49,359 --> 00:20:51,040 Speaker 1: What does it mean in your own dollar curtain? What 421 00:20:51,119 --> 00:20:54,040 Speaker 1: does that mean in your like um, to your dogs, 422 00:20:54,040 --> 00:20:56,520 Speaker 1: to your pocketbook, to to to your bank account. Well, 423 00:20:56,560 --> 00:21:01,359 Speaker 1: let me give you an example. So let's say, um, 424 00:21:01,400 --> 00:21:03,360 Speaker 1: so we're at eight eight and a half percent inflation 425 00:21:03,440 --> 00:21:09,040 Speaker 1: CPI consumer price inflation per Moodies. Now, a lot of 426 00:21:09,040 --> 00:21:11,720 Speaker 1: people may don't agree with this, um, but they say 427 00:21:11,760 --> 00:21:14,639 Speaker 1: that the average American wage journer makes thirty two dollars 428 00:21:14,680 --> 00:21:17,159 Speaker 1: an hour. So a lot of people push back on 429 00:21:17,160 --> 00:21:19,159 Speaker 1: that on Twitter that no, no, no, no no, not. I 430 00:21:19,160 --> 00:21:21,479 Speaker 1: ain't know average, but I'm not sure how they got 431 00:21:21,480 --> 00:21:23,119 Speaker 1: that data. I didn't. I didn't dig into that. So 432 00:21:23,240 --> 00:21:26,200 Speaker 1: adjust it for whatever you see fit. But the average 433 00:21:26,240 --> 00:21:29,080 Speaker 1: American wage earner earns thirty two dollars an hour. Of course, 434 00:21:29,359 --> 00:21:32,959 Speaker 1: whatever fifteen bucks is minimum, I'm sure some people are 435 00:21:33,000 --> 00:21:34,720 Speaker 1: making a hundred or two in bucks an hour or whatever. 436 00:21:35,400 --> 00:21:37,240 Speaker 1: The average American wage jouring it makes thirty two dollars 437 00:21:37,240 --> 00:21:40,480 Speaker 1: an hour, um. And it says that per that that 438 00:21:40,600 --> 00:21:45,480 Speaker 1: the average US household, because of inflation, spent an extra 439 00:21:45,880 --> 00:21:49,280 Speaker 1: three hundred and twenty seven dollars in March due to inflation. 440 00:21:51,320 --> 00:21:53,600 Speaker 1: The average US household spent an extra three and twenty 441 00:21:53,640 --> 00:21:56,439 Speaker 1: seven dollars in March due to inflation. So for the 442 00:21:56,520 --> 00:21:59,280 Speaker 1: average American wage journer making thirty two dollars an hour, 443 00:22:01,040 --> 00:22:04,240 Speaker 1: they now have to have to work an additional ten 444 00:22:04,640 --> 00:22:09,520 Speaker 1: additional hours in March, more than an entire work day, 445 00:22:10,160 --> 00:22:14,239 Speaker 1: just to make up for the rate of inflation. If 446 00:22:14,240 --> 00:22:15,720 Speaker 1: you're making thirty two bucks now and now, if you're 447 00:22:15,720 --> 00:22:18,240 Speaker 1: making twenty bucks an hour, you're gonna have to work more. 448 00:22:18,400 --> 00:22:19,960 Speaker 1: Now you gotta work. I don't know, I don't do 449 00:22:20,040 --> 00:22:24,359 Speaker 1: the math. Fifteen extra hours, fifteen extra hours in a 450 00:22:24,440 --> 00:22:29,760 Speaker 1: month just to get the exact same purchasing that you 451 00:22:29,840 --> 00:22:33,560 Speaker 1: had the month before. That's what inflation is doing to you. 452 00:22:33,560 --> 00:22:35,560 Speaker 1: You see these numbers going up, You hear these numbers, 453 00:22:35,560 --> 00:22:37,479 Speaker 1: But do you really think about what that's doing to you. 454 00:22:37,960 --> 00:22:41,679 Speaker 1: I mean, it's insane. That's fifteen hours of your life 455 00:22:41,720 --> 00:22:45,520 Speaker 1: that's being stolen. That's fifteen hours of your life that 456 00:22:45,600 --> 00:22:49,520 Speaker 1: you could be spending with your kids or reading a book, 457 00:22:50,119 --> 00:22:52,960 Speaker 1: or building a new business or whatever you want to do. 458 00:22:53,040 --> 00:22:55,360 Speaker 1: Fill in the blank. I mean I'm sure you would 459 00:22:55,440 --> 00:22:59,119 Speaker 1: rather do almost anything for fifteen hours than lose it 460 00:22:59,200 --> 00:23:03,480 Speaker 1: to keep up with inflation. You know, this is a 461 00:23:03,480 --> 00:23:08,280 Speaker 1: good illustration as to why how bad inflation is. Um 462 00:23:08,320 --> 00:23:12,840 Speaker 1: Inflation doesn't just um steal our purchasing power, which of 463 00:23:12,840 --> 00:23:15,960 Speaker 1: course it does. But what is the effect of that, Well, 464 00:23:16,160 --> 00:23:19,200 Speaker 1: it affects everything. So because you have to now work 465 00:23:19,240 --> 00:23:22,280 Speaker 1: an extra fifteen hours just to get back to even 466 00:23:22,359 --> 00:23:24,399 Speaker 1: that means the quality of your life goes down. Now 467 00:23:24,440 --> 00:23:28,400 Speaker 1: you're probably buying cheaper quality food, so now you're less 468 00:23:28,400 --> 00:23:31,159 Speaker 1: healthy than you were before. You maybe are skipping on 469 00:23:31,240 --> 00:23:33,840 Speaker 1: some of your vitamins or um doctor visits, and now 470 00:23:33,880 --> 00:23:37,280 Speaker 1: your health is probably in jeopardy. Maybe you're working over 471 00:23:37,320 --> 00:23:38,879 Speaker 1: time to try to compensate for that, So now you 472 00:23:38,960 --> 00:23:42,639 Speaker 1: don't have time to go to the gym. Um. Maybe 473 00:23:42,840 --> 00:23:44,480 Speaker 1: when you're working on those extra hours you have time 474 00:23:44,480 --> 00:23:46,199 Speaker 1: to go gym. You're not now spending that time with 475 00:23:46,240 --> 00:23:48,159 Speaker 1: your wife and your kids, and now your relationships are 476 00:23:48,200 --> 00:23:53,160 Speaker 1: falling apart. Um, you're not taking those continuing education classes 477 00:23:53,240 --> 00:23:55,560 Speaker 1: or working on that side business in the evening anymore. 478 00:23:55,600 --> 00:23:59,480 Speaker 1: So now your dreams are getting killed. So now if 479 00:23:59,480 --> 00:24:02,800 Speaker 1: we add that, let's see your health is deteriorating, you're 480 00:24:02,840 --> 00:24:07,560 Speaker 1: getting are at risk for medical situations. You're sacrificing your 481 00:24:07,600 --> 00:24:15,639 Speaker 1: dreams and goals, your relationships are breaking down, all because inflation. Now, 482 00:24:15,720 --> 00:24:20,840 Speaker 1: inflation is not prices going up. Prices going up are 483 00:24:20,880 --> 00:24:25,679 Speaker 1: the effect of inflation. Inflation is when they increase the 484 00:24:25,680 --> 00:24:30,000 Speaker 1: money supply. That's what inflation is. When they when they 485 00:24:30,119 --> 00:24:32,960 Speaker 1: increase the money supply, That means all the existing dollars 486 00:24:33,160 --> 00:24:36,160 Speaker 1: are now worthless. They purchased less than they did before, 487 00:24:36,520 --> 00:24:39,119 Speaker 1: which is why prices go up. Prices don't go up, 488 00:24:39,119 --> 00:24:41,720 Speaker 1: It's that the purchasing power of the dollars go downs, 489 00:24:41,760 --> 00:24:43,680 Speaker 1: which just takes more dollars to buy those goods and services. 490 00:24:43,720 --> 00:24:47,199 Speaker 1: So inflation or prices going up, is the effect the 491 00:24:47,320 --> 00:24:50,320 Speaker 1: result of inflation. The inflation is that your your Federal 492 00:24:50,320 --> 00:24:54,880 Speaker 1: Reserve Board printing more money, thank you very much. Now, 493 00:24:54,920 --> 00:24:58,480 Speaker 1: it's exacerbated by many things like, for example, supply chains 494 00:24:58,480 --> 00:25:02,760 Speaker 1: breaking down. So but why are supply chain is breaking down? Well, 495 00:25:02,800 --> 00:25:04,640 Speaker 1: we're ordering more goods and service than we did before. 496 00:25:04,720 --> 00:25:06,600 Speaker 1: Why are we wording more good and services before? Well, 497 00:25:06,640 --> 00:25:08,159 Speaker 1: because we printed a bunch of money. So people have 498 00:25:08,200 --> 00:25:09,679 Speaker 1: more money than they did before. They're buying more than 499 00:25:09,680 --> 00:25:11,760 Speaker 1: did before, so it's still a result of that money. 500 00:25:12,160 --> 00:25:15,639 Speaker 1: Now it's also it's also you know, um, exacerbated by 501 00:25:15,720 --> 00:25:17,800 Speaker 1: the war with Russia and Ukraine. And so you know, 502 00:25:17,880 --> 00:25:20,120 Speaker 1: good old President Biden is on the news telling us 503 00:25:20,480 --> 00:25:23,440 Speaker 1: that sanctions are hurting Russia, but sanctions also hurt Americans. 504 00:25:23,720 --> 00:25:27,040 Speaker 1: So hey, Americans, suck it up. You're going to have 505 00:25:27,119 --> 00:25:29,679 Speaker 1: to work on extra fifteen hours this month because you know, 506 00:25:29,800 --> 00:25:35,320 Speaker 1: sanctions on Russia. UM. So that's how that works. It's 507 00:25:35,359 --> 00:25:38,080 Speaker 1: not a system that I particularly care for. It's not 508 00:25:38,160 --> 00:25:41,000 Speaker 1: a system that I like. UM. I don't think that 509 00:25:41,080 --> 00:25:44,600 Speaker 1: a couple of guys twelve fed board governors should be 510 00:25:44,600 --> 00:25:47,440 Speaker 1: able to sit around and have a discussion that requires 511 00:25:47,880 --> 00:25:50,560 Speaker 1: and make a decision for me that is now going 512 00:25:50,600 --> 00:25:52,879 Speaker 1: to force me to work on extra fifteen hours this 513 00:25:52,960 --> 00:25:56,439 Speaker 1: month because they decided to do that. It's not a 514 00:25:56,480 --> 00:25:58,720 Speaker 1: system that sounds very good to me. But that's where 515 00:25:58,760 --> 00:26:04,280 Speaker 1: we are quite quite crazy. UM. Now you're listening to 516 00:26:04,320 --> 00:26:07,320 Speaker 1: the Mark Moa show. We're talking about the intersection of politics, finance, 517 00:26:07,359 --> 00:26:10,600 Speaker 1: and technology. We're talking about the decentralized revolution. We're talking 518 00:26:10,640 --> 00:26:13,640 Speaker 1: about taking the power away from these twelve board governors 519 00:26:13,760 --> 00:26:16,520 Speaker 1: who can arbitrarily decide to make me work fifteen more hours, 520 00:26:16,680 --> 00:26:18,560 Speaker 1: and instead of giving it to a different group of 521 00:26:18,560 --> 00:26:23,040 Speaker 1: people who might be better at it than they were before, Um, 522 00:26:23,080 --> 00:26:26,360 Speaker 1: how about giving it to nobody. How about so nobody 523 00:26:26,359 --> 00:26:28,800 Speaker 1: can control that. How About nobody can get around and 524 00:26:28,840 --> 00:26:30,760 Speaker 1: decided to make me work more hours? I like that. 525 00:26:31,119 --> 00:26:33,679 Speaker 1: How About my life is in my control and not 526 00:26:33,880 --> 00:26:36,520 Speaker 1: up to some random twelve people that I don't even 527 00:26:36,560 --> 00:26:39,040 Speaker 1: know who they are, and I don't even vote for them. Now, 528 00:26:39,080 --> 00:26:40,919 Speaker 1: if my wife wants me to go work more hours, 529 00:26:40,920 --> 00:26:43,200 Speaker 1: that's a different story, right, A happy wife, happy life. 530 00:26:43,240 --> 00:26:45,040 Speaker 1: But I don't know who these twelve board governors are. 531 00:26:45,080 --> 00:26:48,119 Speaker 1: They don't know anything about me or my family. And 532 00:26:48,119 --> 00:26:50,440 Speaker 1: so it's not about giving different people, it's about different people. 533 00:26:50,440 --> 00:26:53,960 Speaker 1: About giving it to nobody, And that's exactly what bitcoin does. Um. 534 00:26:54,000 --> 00:26:56,320 Speaker 1: The decentralized revolution is all about. You're listening to the 535 00:26:56,359 --> 00:26:59,960 Speaker 1: Mark Moa show, UM navigating you through this um rapid 536 00:27:00,160 --> 00:27:02,080 Speaker 1: change the world is going through. I got a lot 537 00:27:02,119 --> 00:27:04,560 Speaker 1: more to cover with this. When I come back, make 538 00:27:04,560 --> 00:27:07,280 Speaker 1: sure you don't go away. We're back, all right, Welcome back. 539 00:27:07,280 --> 00:27:09,560 Speaker 1: You are listening to the Mark Moa show we're talking about. 540 00:27:10,280 --> 00:27:13,040 Speaker 1: We're talking about bitcoin, we're talking about cryptocurrencies, we're talking 541 00:27:13,040 --> 00:27:17,520 Speaker 1: about the decentralized revolution. We're talking about the intersection of politics, finance, 542 00:27:17,560 --> 00:27:20,560 Speaker 1: and technology and how the world is just changing right 543 00:27:20,600 --> 00:27:23,440 Speaker 1: before our very eyes. Uh this hour, we've been talking 544 00:27:23,440 --> 00:27:29,360 Speaker 1: about specifically, the um BLS Bureau Labor Statistics put out 545 00:27:29,400 --> 00:27:32,679 Speaker 1: the new CPI Consumer Price Index numbers this week, showing 546 00:27:32,720 --> 00:27:35,439 Speaker 1: that we are again breaking records back to fourty year 547 00:27:35,520 --> 00:27:39,440 Speaker 1: highs eight point five per cent. And while that looks 548 00:27:39,480 --> 00:27:42,040 Speaker 1: like a number, what does it really mean? And of 549 00:27:42,040 --> 00:27:45,119 Speaker 1: course I explained that that means that for for a 550 00:27:45,200 --> 00:27:48,040 Speaker 1: person making about thirty seven dollars an hour, that means 551 00:27:48,040 --> 00:27:50,800 Speaker 1: you have to work on extra ten hours a month. 552 00:27:50,840 --> 00:27:52,800 Speaker 1: If you make twenty bucks an hour, you're probably working 553 00:27:52,840 --> 00:27:57,280 Speaker 1: about an extra fifteen hours per month just to have 554 00:27:57,480 --> 00:28:01,439 Speaker 1: the same lifestyle that you had before. Or that's what 555 00:28:01,480 --> 00:28:04,720 Speaker 1: that means. So that means that literally they're stealing your life, 556 00:28:04,760 --> 00:28:07,159 Speaker 1: the hours from your life, and society breaks down of 557 00:28:07,240 --> 00:28:10,159 Speaker 1: that because as I already explained, I'm not gonna go 558 00:28:10,200 --> 00:28:12,400 Speaker 1: through that again. If you missed it, don't worry, don't worry, 559 00:28:12,440 --> 00:28:14,680 Speaker 1: We got you covered. You can check this out on demand. 560 00:28:15,000 --> 00:28:18,520 Speaker 1: Just search Mark Mark Moss podcast and you can find 561 00:28:18,600 --> 00:28:21,920 Speaker 1: all these episodes on your favorite podcast player, iTunes or 562 00:28:22,280 --> 00:28:24,480 Speaker 1: Spotify or wherever you check your podcast. So if you 563 00:28:24,520 --> 00:28:26,360 Speaker 1: missed me, don't worry, go back and listen to that again. 564 00:28:26,359 --> 00:28:28,399 Speaker 1: I don't want to recap all that. But another thing 565 00:28:28,440 --> 00:28:31,920 Speaker 1: I saw was back to these twelve Fed board governors. 566 00:28:32,480 --> 00:28:34,480 Speaker 1: We have the New York Fed and the Dallas Fed 567 00:28:34,520 --> 00:28:36,400 Speaker 1: and the St. Louis Fed, on and on and on 568 00:28:37,560 --> 00:28:40,760 Speaker 1: the St. Louis Fed. President Bullard, he said, quote, labor 569 00:28:40,840 --> 00:28:43,440 Speaker 1: markets are robust and likely to improve. So he's saying 570 00:28:43,440 --> 00:28:45,920 Speaker 1: the economy is good. The labor markets are tight, people 571 00:28:45,960 --> 00:28:47,920 Speaker 1: are working, right, so theylways look at the unemployment rate. 572 00:28:48,320 --> 00:28:50,480 Speaker 1: He said. The unemployment rate has fallen to three point 573 00:28:50,560 --> 00:28:53,840 Speaker 1: six percent and will likely fall below three percent later 574 00:28:53,880 --> 00:28:57,800 Speaker 1: this year. And that hasn't occurred since the nineteen fifties. 575 00:28:57,920 --> 00:29:01,080 Speaker 1: End quote, that's what we said. Hooray. He said. The 576 00:29:01,080 --> 00:29:03,600 Speaker 1: economy is doing amazing. People are working. As a matter 577 00:29:03,600 --> 00:29:10,280 Speaker 1: of fact, unemployment's the lowest that's ever been. Really because 578 00:29:10,600 --> 00:29:12,640 Speaker 1: in my downtown when I walk around, all I see 579 00:29:12,720 --> 00:29:15,600 Speaker 1: is help wanted signs everywhere. A matter of fact, I 580 00:29:15,640 --> 00:29:18,480 Speaker 1: went out to dinner with my family UM night before last, 581 00:29:18,520 --> 00:29:21,360 Speaker 1: and the restaurant we were at with short staff because 582 00:29:21,400 --> 00:29:22,959 Speaker 1: they didn't have enough people. They made sure to tell 583 00:29:23,040 --> 00:29:26,360 Speaker 1: us that UM as their as their excuse for given 584 00:29:26,400 --> 00:29:30,040 Speaker 1: us poor service. I suppose UM. And so while they're 585 00:29:30,160 --> 00:29:33,600 Speaker 1: saying that we have low unemployment, the reality that I 586 00:29:33,640 --> 00:29:36,520 Speaker 1: see with my own eyes doesn't show me that. But 587 00:29:36,680 --> 00:29:40,000 Speaker 1: even if that were true, that doesn't necessarily mean anything. 588 00:29:40,200 --> 00:29:43,040 Speaker 1: So I would like to bring to your attention that 589 00:29:43,560 --> 00:29:47,560 Speaker 1: one of the most famous examples of hyper inflation, or 590 00:29:47,640 --> 00:29:50,160 Speaker 1: where the money blows up so fast that you can't 591 00:29:50,160 --> 00:29:54,840 Speaker 1: afford to pay for things is UH is Wimar Germany, 592 00:29:55,000 --> 00:29:57,200 Speaker 1: the Wimar Republic of Germany. And so what happened after 593 00:29:57,280 --> 00:29:59,800 Speaker 1: World War Two is Germany had to pay war reparations. 594 00:30:00,120 --> 00:30:02,920 Speaker 1: They had to pay um for all these European nations 595 00:30:02,960 --> 00:30:07,080 Speaker 1: to rebuild, and they were ordered to pay this um, 596 00:30:07,160 --> 00:30:09,840 Speaker 1: and so they had to print a bunch of money. 597 00:30:10,480 --> 00:30:12,840 Speaker 1: And when they printed a bunch of money, then they 598 00:30:12,880 --> 00:30:17,120 Speaker 1: had massive inflation. Remember, inflation is not prices going up. 599 00:30:17,160 --> 00:30:20,560 Speaker 1: Prices going up is the result of inflation. Inflation is 600 00:30:20,720 --> 00:30:24,320 Speaker 1: increasing or inflating the money, the monetary supply, the money supply, 601 00:30:24,920 --> 00:30:27,840 Speaker 1: and so Germany had to inflate their money supply to 602 00:30:27,920 --> 00:30:32,440 Speaker 1: pay back the war reparations, and uh, similar to what 603 00:30:32,440 --> 00:30:35,120 Speaker 1: we're doing here, and we had to print a bunch 604 00:30:35,120 --> 00:30:37,240 Speaker 1: of money to inflate our money supply to fight the 605 00:30:37,280 --> 00:30:41,840 Speaker 1: war as well, the war on COVID apparently. But was 606 00:30:42,200 --> 00:30:45,560 Speaker 1: the reason why I bring that up is that I'd 607 00:30:45,560 --> 00:30:48,880 Speaker 1: like to tell St. Louis fed President Bullard that during 608 00:30:48,920 --> 00:30:53,920 Speaker 1: the Weimar Germany hyper inflation period that unemployment was also 609 00:30:54,400 --> 00:30:58,200 Speaker 1: about three at the same time. So what happens is 610 00:30:58,360 --> 00:31:02,640 Speaker 1: as as prices go up, it gets cheaper to pay 611 00:31:02,680 --> 00:31:07,640 Speaker 1: for labor, so people will hire businesses will hire more people. 612 00:31:08,280 --> 00:31:10,680 Speaker 1: But the people that are getting those jobs aren't earning 613 00:31:10,800 --> 00:31:13,360 Speaker 1: enough to keep up with that rate of inflation, with 614 00:31:13,440 --> 00:31:16,720 Speaker 1: that rate of money, sorry, with the rate of prices increasing. 615 00:31:17,240 --> 00:31:19,120 Speaker 1: So looking at that number on its own is not 616 00:31:19,160 --> 00:31:21,160 Speaker 1: necessarily good sign. As a matter of fact, it's actually 617 00:31:21,240 --> 00:31:25,680 Speaker 1: a result. It's actually typical for a period such as this, 618 00:31:25,800 --> 00:31:28,720 Speaker 1: when they're printing money inflating the monetary supply at a 619 00:31:28,800 --> 00:31:30,480 Speaker 1: rapid rate like they're doing now. It happened in the 620 00:31:30,560 --> 00:31:36,240 Speaker 1: Waimar Republic, and that's exactly what's happening now. It's insane 621 00:31:36,640 --> 00:31:38,920 Speaker 1: that people just can't seem to see that. But I 622 00:31:38,960 --> 00:31:41,200 Speaker 1: get it's it's difficult to understand. There's a lot to 623 00:31:41,280 --> 00:31:44,280 Speaker 1: understand about it, UM, and that's why I'm trying to 624 00:31:44,360 --> 00:31:46,760 Speaker 1: walk you through it each end, every week. Because the 625 00:31:47,120 --> 00:31:51,160 Speaker 1: system is changing rapidly. Now I'm I'm excited for that. 626 00:31:51,200 --> 00:31:53,200 Speaker 1: I think we have a much better system to go 627 00:31:53,240 --> 00:31:56,600 Speaker 1: into UM. As I said, though it's not a smooth transition, 628 00:31:56,600 --> 00:31:57,840 Speaker 1: and for a lot of people it's not going to 629 00:31:57,920 --> 00:32:02,840 Speaker 1: go super smooth. I am having a actual chance for 630 00:32:02,880 --> 00:32:04,680 Speaker 1: you to get together and come meet me and hang 631 00:32:04,720 --> 00:32:07,320 Speaker 1: out with me. I can tell you about and UM. 632 00:32:07,360 --> 00:32:09,360 Speaker 1: I have about fifteen of my good friends that are 633 00:32:09,400 --> 00:32:12,160 Speaker 1: some of the best analysts in the world that can 634 00:32:12,200 --> 00:32:14,520 Speaker 1: guide you through this. Now you know things with this. 635 00:32:14,600 --> 00:32:18,000 Speaker 1: I like to say that who was It? Iron ran 636 00:32:18,120 --> 00:32:20,520 Speaker 1: one of my favorite authors. She said that you can 637 00:32:20,600 --> 00:32:23,120 Speaker 1: choose to ignore reality, but you can't ignore the consequences 638 00:32:23,120 --> 00:32:24,960 Speaker 1: of reality. So the financial system is going to change, 639 00:32:25,280 --> 00:32:26,560 Speaker 1: and you can and you can choose not to pay 640 00:32:26,560 --> 00:32:28,480 Speaker 1: attention to it, but it won't work out very well 641 00:32:28,480 --> 00:32:31,120 Speaker 1: for you. Or you can choose to take advantage of it. UM, 642 00:32:31,160 --> 00:32:33,479 Speaker 1: and of course understand the financial system is difficult. So 643 00:32:33,520 --> 00:32:35,240 Speaker 1: what's happening with the real estate market and the interest 644 00:32:35,320 --> 00:32:37,320 Speaker 1: rates and the bond market in the stock market, and 645 00:32:37,480 --> 00:32:38,880 Speaker 1: where do I put my money? And how do I 646 00:32:38,880 --> 00:32:40,400 Speaker 1: do with my taxes? And how do I protect my 647 00:32:40,440 --> 00:32:42,480 Speaker 1: assets so I don't end up owning nothing and being 648 00:32:42,480 --> 00:32:44,240 Speaker 1: happy like the world that I'm coming forum is saying, 649 00:32:45,760 --> 00:32:47,200 Speaker 1: and so I'd love for you to come hang out 650 00:32:47,200 --> 00:32:49,400 Speaker 1: with me in Dallas next month. You can check out 651 00:32:49,440 --> 00:32:53,240 Speaker 1: Market Disruptors Live dot com and come hang out with 652 00:32:53,240 --> 00:32:54,920 Speaker 1: me and about fifteen of my friends as some of 653 00:32:54,960 --> 00:32:56,920 Speaker 1: the best speakers in the world to tell you what's 654 00:32:56,920 --> 00:32:58,640 Speaker 1: going to happen next and what you should be doing 655 00:32:58,680 --> 00:33:02,880 Speaker 1: about it. Mark Disruptors Live dot com. But UM, one 656 00:33:02,880 --> 00:33:04,800 Speaker 1: way or another, you need to figure this out. We'd 657 00:33:04,840 --> 00:33:07,760 Speaker 1: like to say, if we can fix the money, we 658 00:33:07,800 --> 00:33:10,840 Speaker 1: can fix the world. And as we see over and over, 659 00:33:10,880 --> 00:33:13,160 Speaker 1: as they continue to print a limited about some money, 660 00:33:13,320 --> 00:33:17,080 Speaker 1: it continues to distort all these markets. I was talking 661 00:33:17,120 --> 00:33:20,600 Speaker 1: about UM an earlier segment. If you've missed it, just 662 00:33:20,880 --> 00:33:23,479 Speaker 1: don't worry. Go search Mark Moss podcast. You can check 663 00:33:23,480 --> 00:33:25,120 Speaker 1: it out. But I was talking about the difference of 664 00:33:25,520 --> 00:33:28,720 Speaker 1: the glaring difference when I was at Bitcoin Miami last 665 00:33:28,760 --> 00:33:31,760 Speaker 1: week between the bitcoin and the crypto crowd and uh, 666 00:33:31,800 --> 00:33:34,640 Speaker 1: you know, bitcoin um people tend to think long term 667 00:33:34,640 --> 00:33:36,960 Speaker 1: and they're trying to save money and build businesses and 668 00:33:37,040 --> 00:33:40,640 Speaker 1: change the world, whereas crypto people are about buying Lambeau 669 00:33:41,000 --> 00:33:43,920 Speaker 1: and um. It couldn't have been illustrated better than this week. 670 00:33:43,920 --> 00:33:46,040 Speaker 1: I put it on Twitter, I think yesterday again. If 671 00:33:46,040 --> 00:33:47,680 Speaker 1: you're not follow me on Twitter, you should. It's at 672 00:33:47,680 --> 00:33:52,240 Speaker 1: one Mark Moss. And while bitcoiners were really trying to 673 00:33:52,240 --> 00:33:54,280 Speaker 1: fix the world with fixing the money, right like here, 674 00:33:54,280 --> 00:33:57,760 Speaker 1: I'm talking about it's this money printing, this inflation. It's 675 00:33:57,800 --> 00:33:59,960 Speaker 1: still in your life fifteen hours of your of your month. 676 00:34:00,040 --> 00:34:02,680 Speaker 1: Now it's gonna steal time from your relationships and your 677 00:34:02,680 --> 00:34:05,160 Speaker 1: health to work those extra fifteen hours. We're trying to 678 00:34:05,200 --> 00:34:07,680 Speaker 1: fix the world by fixing the money. And here we 679 00:34:07,720 --> 00:34:11,640 Speaker 1: have Charles Hoskinson. He's the founder of Cardano. If you 680 00:34:11,640 --> 00:34:14,520 Speaker 1: guys are into cryptocurrency, I'm sure you've heard of that one. Everybody. 681 00:34:15,600 --> 00:34:20,680 Speaker 1: Everybody loves Cardano and m A news article came out 682 00:34:20,719 --> 00:34:24,200 Speaker 1: a couple of days ago. Cardanos, Charles Hoskinson is helping 683 00:34:24,320 --> 00:34:28,360 Speaker 1: bring back wooly mammoths from extinction. He says, the popular 684 00:34:28,360 --> 00:34:30,480 Speaker 1: crypto leader has identified a new project in which he 685 00:34:30,480 --> 00:34:34,319 Speaker 1: thinks blockchain technology and perhaps Cardano can flourish. And so 686 00:34:34,360 --> 00:34:36,720 Speaker 1: now while bitcoin is going to go save the world, 687 00:34:37,440 --> 00:34:39,120 Speaker 1: we're gonna fix the money, fix the world. If we 688 00:34:39,200 --> 00:34:40,719 Speaker 1: fix the money, we can fix the health, we can 689 00:34:40,760 --> 00:34:44,320 Speaker 1: fix the relationships, we can fix um the work balance. 690 00:34:44,800 --> 00:34:46,320 Speaker 1: We can make sure your money buys more goods and 691 00:34:46,360 --> 00:34:47,839 Speaker 1: services in the future, so you don't have to work 692 00:34:47,840 --> 00:34:49,520 Speaker 1: as hard, you don't have to be a slave. While 693 00:34:49,520 --> 00:34:51,360 Speaker 1: we're trying to fix the money, fix the world, Charles 694 00:34:51,360 --> 00:34:58,240 Speaker 1: Hoskinson and Cardano wants to bring back the wooly mammoth. Wow, 695 00:34:59,160 --> 00:35:02,560 Speaker 1: that's that's that's shattering or shattering. I mean, you know, 696 00:35:03,160 --> 00:35:04,799 Speaker 1: I guess it might be kind of cool to go 697 00:35:04,840 --> 00:35:06,399 Speaker 1: to a zoo and see a wily mammoth. I don't 698 00:35:06,400 --> 00:35:07,640 Speaker 1: really go to do that often. I guess when my 699 00:35:07,680 --> 00:35:09,680 Speaker 1: kids were young, I took them there. I guess we could. 700 00:35:10,520 --> 00:35:12,279 Speaker 1: I'd rather fix the money and fix the world and 701 00:35:12,320 --> 00:35:15,200 Speaker 1: just glue some hair on a on an elephant. Maybe 702 00:35:15,239 --> 00:35:17,040 Speaker 1: I don't know, but that just kind of shows you 703 00:35:17,360 --> 00:35:20,480 Speaker 1: the difference in the difference in worldview, difference in alignment, 704 00:35:21,880 --> 00:35:23,640 Speaker 1: and you can choose where to put your focus to. 705 00:35:24,480 --> 00:35:26,200 Speaker 1: You know, I like to say that we want to 706 00:35:26,280 --> 00:35:30,000 Speaker 1: build the world that we want, and the way that 707 00:35:30,040 --> 00:35:31,840 Speaker 1: we do that is by putting our money where our 708 00:35:31,880 --> 00:35:35,240 Speaker 1: mouth is. And we can put our money and build 709 00:35:35,280 --> 00:35:36,920 Speaker 1: the world that we want, which is why I focus 710 00:35:36,960 --> 00:35:39,520 Speaker 1: on bitcoin. I focus on investing in the companies that 711 00:35:39,520 --> 00:35:42,040 Speaker 1: are building on top of bitcoin. Um. So at the 712 00:35:42,040 --> 00:35:45,560 Speaker 1: Bitcoin conference, we saw dozens or hundreds of companies that 713 00:35:45,560 --> 00:35:48,480 Speaker 1: are literally building life changing products on top of bitcoin, 714 00:35:49,120 --> 00:35:51,320 Speaker 1: and I like to put my money there to build 715 00:35:51,360 --> 00:35:53,160 Speaker 1: that system for my kids, for a better world for 716 00:35:53,200 --> 00:35:56,680 Speaker 1: my kids. Or you can buy cardano and bring back 717 00:35:56,719 --> 00:36:02,279 Speaker 1: the wooly Mammoth choices yours for glaring obvious difference there. Um, 718 00:36:02,320 --> 00:36:04,400 Speaker 1: you're listening to the Mark Moa show. Um. If you 719 00:36:04,400 --> 00:36:06,120 Speaker 1: don't follow me on Twitter, you should at at one 720 00:36:06,120 --> 00:36:08,160 Speaker 1: Mark Boss on Instagram as well at one Mark Moss 721 00:36:08,200 --> 00:36:11,600 Speaker 1: or my website one Mark Moss dot com. Check out 722 00:36:11,640 --> 00:36:14,879 Speaker 1: my live event coming up Market Disruptors Live dot com 723 00:36:14,960 --> 00:36:17,200 Speaker 1: as well, and make sure to send me a message 724 00:36:17,239 --> 00:36:19,120 Speaker 1: on social media. I'd love to hear that you're watching 725 00:36:19,120 --> 00:36:21,520 Speaker 1: the show, and of course ask me any questions you have. 726 00:36:22,160 --> 00:36:25,640 Speaker 1: I'm on social media too much and I'll try my 727 00:36:25,760 --> 00:36:27,319 Speaker 1: best to answer your questions. So hit me up there 728 00:36:27,360 --> 00:36:29,560 Speaker 1: let me know you're listening to the show. I'm trying 729 00:36:29,600 --> 00:36:32,799 Speaker 1: to change the world by fixing the money. Um, the 730 00:36:32,840 --> 00:36:35,319 Speaker 1: Mark Ma Show. We're talking about the decentralized revolution that 731 00:36:35,360 --> 00:36:37,600 Speaker 1: we're going through right now. And that's what I got 732 00:36:37,640 --> 00:36:39,440 Speaker 1: for you today. All right, thanks so much for listening.