Speaker 1: Hey, everyone, welcome back to another episode of The Mark
Speaker 1: Mass Show, where we talk about the decentralized revolution that
Speaker 1: is changing the world before very eyes. Of course, we're
Speaker 1: talking about bitcoin, we're talking about cryptocurrencies. We're talking about
Speaker 1: how they are bringing the convergence of both politics, technology
Speaker 1: and finance together to change the world as we know it.
Speaker 1: And you really can't understand one without the other. You
Speaker 1: just can't. And so I see a lot of people
Speaker 1: trying to like just focus on politics and then they
Speaker 1: just don't understand really how all that fits into things
Speaker 1: where it's like, oh, great, Okay, you're telling me about
Speaker 1: this topic, but what does that really mean to me?
Speaker 1: Or why do I care? Why should I care kind
Speaker 1: of a thing? Or the same could be about finance, right,
Speaker 1: Like you're talking about yield curve controls, you're talking about
Speaker 1: the euro dollar market. What does that even mean? Well,
Speaker 1: you kind of have to look at the If you
Speaker 1: don't understand the politics behind the euro dollar market, then
Speaker 1: you can't understand the finance part by the eurotellar market,
Speaker 1: And then if you don't understand the technology piece, then
Speaker 1: you don't understand how that's really the driver that changes
Speaker 1: all this together. And so of course that's what we
Speaker 1: are talking about. And of course you know, each and
Speaker 1: every week I'm trying to bring to you another angle
Speaker 1: to understand all of this, because it's not easy. I mean,
Speaker 1: I've been doing this for a long time and um,
Speaker 1: each day we're still discovering and learning um new things
Speaker 1: about it, um and it's it's very interesting and so
Speaker 1: hopefully you're tuning in each and every week. Follow me
Speaker 1: on Twitter at one Mark mossum or on Instagram at
Speaker 1: one Mark Moss and let me know if you have
Speaker 1: any questions. I'd love to answer them for you there online.
Speaker 1: But of course it's no surprise to you. It shouldn't be.
Speaker 1: If you're alive and you've ever spent any money in
Speaker 1: the first last couple of weeks, then you know that
Speaker 1: everything is getting crazy expensive. Just this week, the government,
Speaker 1: the United States government, the BLS, put out the new
Speaker 1: inflation numbers, the c p I, the Consumer Price Index.
Speaker 1: I like to call it the cp lie because they
Speaker 1: lie about the numbers. It's completely fabricated and made up. Um.
Speaker 1: But of course it should be a surprise. They came
Speaker 1: out eight point five percent. Another record. We're we're breaking
Speaker 1: records on our way to another forty year high. Now
Speaker 1: what's interesting is we haven't been to this forty year
Speaker 1: high since the nineteen eighties, which was the famous the
Speaker 1: we're famously known for having the highest levels of inflation
Speaker 1: when then President Ronald Reagan had the uh then sitting
Speaker 1: president Fed Board governor, I should say, Paul Volker. Today
Speaker 1: we have J. Powell. Back then we had Vulcar and
Speaker 1: he famously raised I couldn't even imagine this today. He
Speaker 1: famously raised the Fed funds rate, the interest rate to
Speaker 1: almost twenty percent. It's amazing. It's amazing to think about
Speaker 1: that because we've had almost zero percent for the last
Speaker 1: couple of years. Uh. Just as of like two months ago,
Speaker 1: mortgage rates were like three percent, but in the eighties
Speaker 1: they were twenty percent. Imagine having a mortgage rate insane.
Speaker 1: But then uh then then chair Fed Chair Volker had
Speaker 1: to do that because inflation was so high. And so
Speaker 1: that's the important part to understand, to understand that we're
Speaker 1: back to where we were in the eighties when Vulker
Speaker 1: had to do that raising rates, and here we are
Speaker 1: with the Federal Reserve raising rates a quarter point like
Speaker 1: what the heck is a quarter point going to do.
Speaker 1: The answer is nothing. Now, what does this all have
Speaker 1: to do with bitcoin and cryptocurrencies in this new financial system?
Speaker 1: You say, well, I'm glad you asked that question. Well,
Speaker 1: we're witnessing the death of this system now. Um. People
Speaker 1: ask me all the time because I talked about this
Speaker 1: all the time on my YouTube channel. If you're not
Speaker 1: watching my on YouTube, you should Mark Moss just search
Speaker 1: me there. They say, when Mark, When when is this
Speaker 1: going to happen? Mark? When is it gonna happen? Is
Speaker 1: it gonna be within the next year, within the next
Speaker 1: three years. It's like, dude, it's happening right now, Like,
Speaker 1: don't you see it? Uh? The dollar has not always
Speaker 1: been the reserve currency of the world. Before the dollar,
Speaker 1: it was the British pound, And before the British pound,
Speaker 1: it was I believe Portugal. Before that it was like France,
Speaker 1: and then it was like Holland and right the Dutch guilder.
Speaker 1: It's it's been many different currencies. Sorry, I don't have
Speaker 1: the list in front of me, so sorry if I
Speaker 1: got that wrong. Um, but it but it changes about
Speaker 1: every hundred years, and so the dollar hasn't always been
Speaker 1: There was the British pound before that. And what's important
Speaker 1: understand is that happened in the early you know, twenties
Speaker 1: and thirties, through World War One and World War Two,
Speaker 1: and it was about a forty year transition. So it's
Speaker 1: not like on this day, this is what happened. It's
Speaker 1: just like it's a process. And so everyone asked me
Speaker 1: when is it gonna happen, It's like it's happening right now.
Speaker 1: Like if you're watching like a freshly painted wall dry,
Speaker 1: it's like, when is it gonna dry? Well, it's drying
Speaker 1: right now. We're watching it, and that that's kind of
Speaker 1: what we're doing, except for it's much more exciting than
Speaker 1: watching paint dry. And so back to this inflation we're
Speaker 1: we're we're at this very interesting junction in time where
Speaker 1: inflation is raging um. But but the Fed chair J.
Speaker 1: Powell doesn't really have the ability or probably the stomach
Speaker 1: to do what Paul Wilker did back then. And if
Speaker 1: eight point five sounds bad, it's actually much worse than that.
Speaker 1: We saw a supplier price rose eleven point two from
Speaker 1: a year ago in March, the biggest gain on record.
Speaker 1: This is the producer price index. So there's the CPI,
Speaker 1: the consumer price index, that's how much of your pain
Speaker 1: when you go to the market. The producer price index
Speaker 1: is how much the producers are paining to produce it.
Speaker 1: And it's important to understand that number for a couple
Speaker 1: of reasons. One, it's less manipulated than the CPL number
Speaker 1: the government produces. But also, um, if it costs producers
Speaker 1: to more to produce something, then it's going to also
Speaker 1: cost you more to buy that thing. But it has
Speaker 1: like a lag. So the producer price index gives us
Speaker 1: a little sneak peak as to what's coming next, um right,
Speaker 1: So if if, if, it's it takes time to work
Speaker 1: its way through the system. So like we're seeing commodities
Speaker 1: go through the roof, right, So oil, natural gas, copper,
Speaker 1: zinc they're going through like I mean, fertili like a
Speaker 1: increases and that's when they create the commodity. So they've
Speaker 1: produced the copper, they produced the lithium, and then it
Speaker 1: has to get shipped, which shipping costs have gone up
Speaker 1: because oil has to get ship to the next manufacturer
Speaker 1: who then puts that together and the raw materials, and
Speaker 1: then that has to get shipped to the next person
Speaker 1: who then breaks it down and then they get shipped
Speaker 1: to the manufacturer then assembles it and then it gets
Speaker 1: shipped to the warehouse and then they finally get shipped
Speaker 1: to the retail. So if you look at the start
Speaker 1: of the commodities going up, you know that eventually it's
Speaker 1: like a like a snake and watching like a rat
Speaker 1: go through a snake. Sorry for the visual, but watching
Speaker 1: like a snake go through a rat. And so you
Speaker 1: can see when the prices go up on the commodities,
Speaker 1: you know eventually that's going to get to you at
Speaker 1: the store. And so this kind of gives a sneak
Speaker 1: peek into what's going on. And they are going up,
Speaker 1: like I said, eleven from a year ago, which is
Speaker 1: just insane. Now what they do is they say, well,
Speaker 1: if we strip out what we call core, the core
Speaker 1: pp I or the core CPI, CORE takes out food
Speaker 1: and energy, which is pretty interesting that they would even
Speaker 1: do that, because what are the two most important things
Speaker 1: that we need to stay alive. If you cut out
Speaker 1: everything that you spent money on, the last thing that
Speaker 1: you would cut would be food because obviously you can't
Speaker 1: live without food. Um, And then energy, like you need
Speaker 1: lights at your house, and you need your food and
Speaker 1: refrigerator to stay cold. Without food and energy, you die.
Speaker 1: And I don't know why they want to take those
Speaker 1: things out. Well I do know why. The reason why
Speaker 1: is because those are the things that have gone up
Speaker 1: the most. Um. But you know what they were telling
Speaker 1: us before is inflation is not a problem. And then
Speaker 1: they said inflation is transitory. And then they said, well
Speaker 1: it's not transitory, and they said, oh crap, we better
Speaker 1: do something about it. And now they're telling us that, well,
Speaker 1: I think it's peaked. Okay, now it's peaked. Now we're
Speaker 1: gonna be back on the other side of this. Well,
Speaker 1: I'm here to tell you that it has not peaked,
Speaker 1: is not peaked. I'm gonna break down some numbers as
Speaker 1: to why. I want to show you what some of
Speaker 1: the numbers are and how I am pretty sure that
Speaker 1: it's not. And also I have this startling number that
Speaker 1: I saw today in a chart from the from the St.
Speaker 1: Louis Federal Reserve Board that is shocking and it is
Speaker 1: not good. I'm gonna tell you about that. But one
Speaker 1: of the best ways to UM that I like to
Speaker 1: hedge against inflation is to buy assets that are going
Speaker 1: up faster than inflation. So for example, maybe buying real
Speaker 1: estate at very low interest rate that inflation could basically
Speaker 1: pay off for you. That's one way to do it.
Speaker 1: Or one of my favorite ones is of course bitcoin,
Speaker 1: buying bitcoin UM it's been going up faster than the
Speaker 1: rate of inflation. As a matter of fact, it's average
Speaker 1: about a year compounded annual growth rate. And so if
Speaker 1: I buy an asset like bitcoin, UM, stocks are another
Speaker 1: way that I can go, you know, beat beat that
Speaker 1: rate of inflation. But bitcoin has been the best, my
Speaker 1: preferred way to do that. UM. Of course, with bitcoin,
Speaker 1: you want to make sure that you're holding it correctly.
Speaker 1: I've talked about this many times. I made a video
Speaker 1: about it. You can search it on YouTube. How I
Speaker 1: lost over two million dollars worth of bitcoin. I know, right,
Speaker 1: It's like a gut punch. Even for me to say
Speaker 1: it again, it brings back memories. It wasn't two million
Speaker 1: dollars at the time, but in today's dollars, if I
Speaker 1: would have held onto that bitcoin would be worth over
Speaker 1: two million dollars today and I lost it. You're listening
Speaker 1: to the Mark Mushow. I want to give you a
Speaker 1: couple of numbers about the consumer credit that is going
Speaker 1: to blow your mind. I want to talk about why
Speaker 1: in relations canna keep going up and what you should
Speaker 1: do about it. So don't go away. I'll be right back.
Speaker 1: All right, welcome back. You're listening to the Markmas Show.
Speaker 1: We're talking about bitcoin and cryptocurrencies. We're talking about the
Speaker 1: decentralized revolution. We're talking about, or rather I should say,
Speaker 1: I'm narrating you through the changing monetary system, the world
Speaker 1: order as we know it. Like I said, people ask
Speaker 1: me all the time, when when is it gonna happen?
Speaker 1: And I say, it's happening right now. You just gotta
Speaker 1: pay attention. And so we're witnessing the death of it.
Speaker 1: The problem is and I and I take no joy
Speaker 1: in this. I take no joy in this. It's not
Speaker 1: going to be good for most people. It's not going
Speaker 1: to be good for most people. UM. The system that
Speaker 1: we have is set up to take care of people
Speaker 1: who don't want to take care of themselves. And so
Speaker 1: you know, my job is to try to wake as
Speaker 1: many people up as I can so they can you know,
Speaker 1: get on the right side of this. UM. So I
Speaker 1: don't take any joy in it, but it is what
Speaker 1: it is, and it's happening right now. And I was
Speaker 1: talking about inflation and how inflation is going crazy. What
Speaker 1: we're talking about. The producer price indexes at another all
Speaker 1: time I and if it costs more to produce stuff,
Speaker 1: it's going to cost you more to buy the stuff.
Speaker 1: And I said that I was gonna show you how.
Speaker 1: I was saying, inflation has not peaked. So they were
Speaker 1: telling you it's transitory and it's gonna go away, and
Speaker 1: they're saying it's peaked this and them, But it hasn't peaked.
Speaker 1: And and we know this because of one, like I said,
Speaker 1: the producer price index, UM, that's going up. And so
Speaker 1: if that's still going up, we know the consumers are
Speaker 1: going to pay more. But we also see that all
Speaker 1: that matters is like UM, when you break down the spending,
Speaker 1: there's like different categories you have like food and energy,
Speaker 1: your food, energy, energy, trade, things like that. But the
Speaker 1: thing is, as I was saying, is that food and
Speaker 1: energy the most important things. Those are like your basic necessities,
Speaker 1: and so UM as those those are climbing like crazy,
Speaker 1: they're going up insane, which is why they try to
Speaker 1: pull those out to try to make it look better, right,
Speaker 1: But those are the final final good demands. And what
Speaker 1: happens is when the is go up in value, um,
Speaker 1: maybe people spend less on the other things, so it
Speaker 1: looks a little bit better temporarily um. And the energy
Speaker 1: prices they do fluctuate, so like, for example, the Biden
Speaker 1: administration has been releasing oil from the strategic Patroleum reserves,
Speaker 1: so it's brought the gas prices down a couple of pennies,
Speaker 1: not not a lot. It looks like a big win
Speaker 1: for them. It's much more dangerous for us no long
Speaker 1: term because now we don't have any reserves. That doesn't
Speaker 1: sound like a good idea. It's not really an emergency.
Speaker 1: We're supposed to hold those for an actual like emergency,
Speaker 1: which we're not in. But you know, the energy prices
Speaker 1: are fluctuated about food prices. Food prices don't fluctuate, right. Um.
Speaker 1: Once the price of a grocery item goes up, that's
Speaker 1: that's just it. It stays there forever, right. And if
Speaker 1: you think about this logically, when food prices go up
Speaker 1: really fast, then the price of other stuff maybe falls
Speaker 1: or at least rises a little bit more slowly because
Speaker 1: people are buying have to spend more money and defeating themselves.
Speaker 1: They're not buying other stuff as much like cars and
Speaker 1: you know, entertainment they like. That makes sense, right, But
Speaker 1: that doesn't mean that inflation is peaking. It just means
Speaker 1: that people are getting poorer because price increases are getting worse.
Speaker 1: And we can see this evidence in the chart. And
Speaker 1: this is in this chart that we got from the
Speaker 1: from the thread the St. Louis Federal Reserve and it's
Speaker 1: on consumer credit. And so what we've seen is that
Speaker 1: consumer credit is climbing at an all time record pace
Speaker 1: right now. I mean it's insane. Um. And now consumer
Speaker 1: credit is like credit cards, like when do you use
Speaker 1: credit cards? Like when you go to dinner or things
Speaker 1: like that. Now there's such thing. I'm a big fan
Speaker 1: a disciple of Robert Kiyosaki, has been my teacher for
Speaker 1: twenty five years, reading his books and now he's one
Speaker 1: of my actual friends. UM. And he talks about good
Speaker 1: credit and bad credit. Now, good credit is when I
Speaker 1: buy new equipment from my business, um, and that now
Speaker 1: can make income for me for a long time. If
Speaker 1: I'm invested into R and D, and that can engrow
Speaker 1: my business. So when I'm using credit for things like
Speaker 1: that that can help me grow, that can help me earn,
Speaker 1: that's that's a good form of credit. If I if
Speaker 1: I borrow money to buy an apartment building, and now
Speaker 1: that apartment building makes me income, that's good credit. But
Speaker 1: but what consumer loans consumer credit is totally different, right.
Speaker 1: It's a pretty modern invention. It started about the fifties
Speaker 1: and sixties when we got those personal credit cards. I
Speaker 1: was talking about that earlier and about the forties. Makes
Speaker 1: no business sense at all. Basically, you're allowing someone to
Speaker 1: use debt to buy food, like people can use debt
Speaker 1: to buy food. Like that's a moral problem, right, If
Speaker 1: someone has to borrow money, go into debt to buy food,
Speaker 1: they're probably not able to pay you back, right, Um, Like,
Speaker 1: maybe if people can't afford food, we should give them charity,
Speaker 1: not credit, something like that, maybe an interest free loan.
Speaker 1: But you shouldn't be using money for consumable things because
Speaker 1: it's probably be able to pay back. And so this
Speaker 1: chart just shows us. You can't it, but you can
Speaker 1: just google it later. It shows you how bad this is.
Speaker 1: And at this record credit expansion that we're in right now,
Speaker 1: Like I said, with a lot of it going into
Speaker 1: the food and basic necessities. It shows, it shows how
Speaker 1: society's creator. Right, it's an it's a societal thing, um.
Speaker 1: And it has to do with this inflation going up.
Speaker 1: It's bad um. And like I said, well, the Fed
Speaker 1: wants to tell us that they've beaten they've beaten inflation,
Speaker 1: that they've got a handle on it. Like I said, Um,
Speaker 1: that's not what we see. The producer Price Index is eleven,
Speaker 1: the biggest jump in prices UM since we've been tracking
Speaker 1: this data since two thousand ten UM. And basically what
Speaker 1: this tells us is that the real value of the
Speaker 1: government's um thirty trillion dollar pile of debt UM will
Speaker 1: be reduced to about three trillion this year because of
Speaker 1: inflation UM. And this is basically what the big game is, right,
Speaker 1: Like Washington wants to make that go away by having
Speaker 1: this inflation um. But it's not going away something you
Speaker 1: need to be prepared for, which is again why you
Speaker 1: need to be thinking about hedging your bets with something
Speaker 1: that can head you against inflation. Now, the first thing
Speaker 1: is if you're not already saving money, that's your first problem.
Speaker 1: So first off, think about that. Can you increase the
Speaker 1: amount of income you're making your wealth creation. UM. If
Speaker 1: you're having trouble increasing your money your wealth creation, and
Speaker 1: you might need to learn some new skills. Those are
Speaker 1: typically around what I call high value skills. Those are
Speaker 1: typically around sales and marketing, the closest to the money supply.
Speaker 1: I could go into any business on my local downtown
Speaker 1: and say, hey, if I drove you a million dollars
Speaker 1: of business this year, would you give me a hundred thousand?
Speaker 1: And they would all say yes. And so I could
Speaker 1: do that through both sales and marketing. UM. And then
Speaker 1: you need to look at cutting expenses. And the goal
Speaker 1: is to consume less than you produce, right, spend less
Speaker 1: than you earn, and then you can start saving. And
Speaker 1: then you need to save that in something that can
Speaker 1: beat this rate of inflation, because it's not getting better.
Speaker 1: Like I was, like I was telling before, like Paul
Speaker 1: Volker Uh dealt with something similar way back in the day, UM,
Speaker 1: and he was able to raise rates. But we can't
Speaker 1: do that. I mean nine at the time, federal debt
Speaker 1: was only eight and twenty seven billion, less than one trillion.
Speaker 1: Today we're at thirty trillion. So UM, you can't just
Speaker 1: raise the debt. I'm sorry. You can't just raise the
Speaker 1: rates when you've got thirty times more than thirty times
Speaker 1: the amount of debt. This doesn't work. You know, the
Speaker 1: FEDS have printed up eight trillion dollars in extra cash
Speaker 1: in the last twenty years, eight trillion. The biggest spurt,
Speaker 1: four trillion of it came in the last eighteen months.
Speaker 1: That means the more they print the more are the
Speaker 1: less your existing dollars are worth. So the goal is
Speaker 1: to make more of those dollars while you can spend
Speaker 1: less of them so you can save someone put it
Speaker 1: into something like bitcoin that you can hold over a
Speaker 1: long period of time and hope to make it on
Speaker 1: the other side. Alright, So hopefully that makes sense. Now,
Speaker 1: we've got a lot more to cover in what's happening
Speaker 1: right here, a lot more about what the FEDS doing,
Speaker 1: a lot more about what's happening over in Europe, and
Speaker 1: they're trying to come back this and then of course
Speaker 1: trying to bring it back to what you should be
Speaker 1: doing about this. I've got a lot more to cover.
Speaker 1: Do not go away, you're listening to the Markmas Show.
Speaker 1: I'll be right back, all right. Welcome back. You are
Speaker 1: listening to the Mark ma Show. We're talking about, well,
Speaker 1: the same thing we talked about every week. Bitcoin, we're
Speaker 1: talking about cryptocurrency. We're talking about the decentralized revolution the
Speaker 1: world is going into right now. Never a dull moment
Speaker 1: around here lately, because it is changing rapidly before eyes.
Speaker 1: And that is, of course, if you have them open
Speaker 1: and you're paying attention, which of course I know you
Speaker 1: are because you are tuned in and you're listening to
Speaker 1: me right now. Now, a couple of things that we've
Speaker 1: been talking about before the break is, uh, the rate
Speaker 1: of this financial system dying right before us. You know,
Speaker 1: it's pretty interesting. Um you look at uh, at a
Speaker 1: system dying and why that happens, right, and so like
Speaker 1: the one that we're in right now, it's like falling
Speaker 1: apart and there's not enough superglue and duct taped off
Speaker 1: seemed to hold this thing together. I was talking about
Speaker 1: before the break. I was talking about how we're setting
Speaker 1: new inflation numbers that haven't been seen since the nineteen eighties,
Speaker 1: when of course we had inflation is high again and
Speaker 1: at that time, then President Ronald Reagan had then um
Speaker 1: fed share of President Paul Volker, and he did some
Speaker 1: crazy things like raising interest rates, and here we are
Speaker 1: no near zero percentage strates and the FED is trying
Speaker 1: to raise them like a quarter of a percent like
Speaker 1: that ain't gonna do anything, Like they're not even trying, right,
Speaker 1: But at the same time, they're like gas lighting us.
Speaker 1: They're trying to tell us what we're seeing is not
Speaker 1: what we're seeing, and then try and tell us it, Oh, no,
Speaker 1: don't worry, like prices are coming down, like like, uh,
Speaker 1: don't don't worry. Don't worry about that. Now. I was
Speaker 1: given some numbers before, but you know, I was looking
Speaker 1: at this chart I posted on Twitter, I think yesterday.
Speaker 1: Um and if you're not following me on Twitter, you should.
Speaker 1: It's at one Mark Moss at one Mark Moss and um.
Speaker 1: I was saying that if you don't believe food food prices,
Speaker 1: or I said, don't believe the whole h food prices
Speaker 1: of peak narrative, because what happens is they look at
Speaker 1: inflation and they look at it as they measure it
Speaker 1: in year over year prices. So they'd say, um, you know,
Speaker 1: here we are in April. So let's say April last
Speaker 1: year was this price. Now April this year is this price.
Speaker 1: So year over year it was as much of a game.
Speaker 1: And when we look at food prices, what we can
Speaker 1: see is that in in uh, April, May and June
Speaker 1: were actually surprisingly low. Now uh, if you uh, if
Speaker 1: you're on Twitter, you can go. You got this chart,
Speaker 1: Otherwise I'll just explained to you. But you can see
Speaker 1: that prices were in like the four percent range, and
Speaker 1: then we're kind of scaling down in like January, February,
Speaker 1: March down to like three point five. And then all
Speaker 1: of a sudden, they just dropped off a cliff down
Speaker 1: to like two point four two point two, um, and
Speaker 1: then and then they ran back up in August back
Speaker 1: to like three and a half. So what does that mean? Well,
Speaker 1: for those three months, they were abnormally low. And the
Speaker 1: reason why that's important to understand is that the next
Speaker 1: couple of reports that we see are going to look
Speaker 1: extremely bad when priced in year over year terms as
Speaker 1: as they do. And so, UM, don't be in this
Speaker 1: camp that like, oh, you know, food price is a
Speaker 1: peak that's going down. Um, it's completely possible that we
Speaker 1: could see inflation numbers past fifteen percent. I think in
Speaker 1: the next couple of months, which is amazing. Now, what
Speaker 1: does that mean to you, though? Right? What does that mean? Like?
Speaker 1: What does it mean in your own dollar curtain? What
Speaker 1: does that mean in your like um, to your dogs,
Speaker 1: to your pocketbook, to to to your bank account. Well,
Speaker 1: let me give you an example. So let's say, um,
Speaker 1: so we're at eight eight and a half percent inflation
Speaker 1: CPI consumer price inflation per Moodies. Now, a lot of
Speaker 1: people may don't agree with this, um, but they say
Speaker 1: that the average American wage journer makes thirty two dollars
Speaker 1: an hour. So a lot of people push back on
Speaker 1: that on Twitter that no, no, no, no no, not. I
Speaker 1: ain't know average, but I'm not sure how they got
Speaker 1: that data. I didn't. I didn't dig into that. So
Speaker 1: adjust it for whatever you see fit. But the average
Speaker 1: American wage earner earns thirty two dollars an hour. Of course,
Speaker 1: whatever fifteen bucks is minimum, I'm sure some people are
Speaker 1: making a hundred or two in bucks an hour or whatever.
Speaker 1: The average American wage jouring it makes thirty two dollars
Speaker 1: an hour, um. And it says that per that that
Speaker 1: the average US household, because of inflation, spent an extra
Speaker 1: three hundred and twenty seven dollars in March due to inflation.
Speaker 1: The average US household spent an extra three and twenty
Speaker 1: seven dollars in March due to inflation. So for the
Speaker 1: average American wage journer making thirty two dollars an hour,
Speaker 1: they now have to have to work an additional ten
Speaker 1: additional hours in March, more than an entire work day,
Speaker 1: just to make up for the rate of inflation. If
Speaker 1: you're making thirty two bucks now and now, if you're
Speaker 1: making twenty bucks an hour, you're gonna have to work more.
Speaker 1: Now you gotta work. I don't know, I don't do
Speaker 1: the math. Fifteen extra hours, fifteen extra hours in a
Speaker 1: month just to get the exact same purchasing that you
Speaker 1: had the month before. That's what inflation is doing to you.
Speaker 1: You see these numbers going up, You hear these numbers,
Speaker 1: But do you really think about what that's doing to you.
Speaker 1: I mean, it's insane. That's fifteen hours of your life
Speaker 1: that's being stolen. That's fifteen hours of your life that
Speaker 1: you could be spending with your kids or reading a book,
Speaker 1: or building a new business or whatever you want to do.
Speaker 1: Fill in the blank. I mean I'm sure you would
Speaker 1: rather do almost anything for fifteen hours than lose it
Speaker 1: to keep up with inflation. You know, this is a
Speaker 1: good illustration as to why how bad inflation is. Um
Speaker 1: Inflation doesn't just um steal our purchasing power, which of
Speaker 1: course it does. But what is the effect of that, Well,
Speaker 1: it affects everything. So because you have to now work
Speaker 1: an extra fifteen hours just to get back to even
Speaker 1: that means the quality of your life goes down. Now
Speaker 1: you're probably buying cheaper quality food, so now you're less
Speaker 1: healthy than you were before. You maybe are skipping on
Speaker 1: some of your vitamins or um doctor visits, and now
Speaker 1: your health is probably in jeopardy. Maybe you're working over
Speaker 1: time to try to compensate for that, So now you
Speaker 1: don't have time to go to the gym. Um. Maybe
Speaker 1: when you're working on those extra hours you have time
Speaker 1: to go gym. You're not now spending that time with
Speaker 1: your wife and your kids, and now your relationships are
Speaker 1: falling apart. Um, you're not taking those continuing education classes
Speaker 1: or working on that side business in the evening anymore.
Speaker 1: So now your dreams are getting killed. So now if
Speaker 1: we add that, let's see your health is deteriorating, you're
Speaker 1: getting are at risk for medical situations. You're sacrificing your
Speaker 1: dreams and goals, your relationships are breaking down, all because inflation. Now,
Speaker 1: inflation is not prices going up. Prices going up are
Speaker 1: the effect of inflation. Inflation is when they increase the
Speaker 1: money supply. That's what inflation is. When they when they
Speaker 1: increase the money supply, That means all the existing dollars
Speaker 1: are now worthless. They purchased less than they did before,
Speaker 1: which is why prices go up. Prices don't go up,
Speaker 1: It's that the purchasing power of the dollars go downs,
Speaker 1: which just takes more dollars to buy those goods and services.
Speaker 1: So inflation or prices going up, is the effect the
Speaker 1: result of inflation. The inflation is that your your Federal
Speaker 1: Reserve Board printing more money, thank you very much. Now,
Speaker 1: it's exacerbated by many things like, for example, supply chains
Speaker 1: breaking down. So but why are supply chain is breaking down? Well,
Speaker 1: we're ordering more goods and service than we did before.
Speaker 1: Why are we wording more good and services before? Well,
Speaker 1: because we printed a bunch of money. So people have
Speaker 1: more money than they did before. They're buying more than
Speaker 1: did before, so it's still a result of that money.
Speaker 1: Now it's also it's also you know, um, exacerbated by
Speaker 1: the war with Russia and Ukraine. And so you know,
Speaker 1: good old President Biden is on the news telling us
Speaker 1: that sanctions are hurting Russia, but sanctions also hurt Americans.
Speaker 1: So hey, Americans, suck it up. You're going to have
Speaker 1: to work on extra fifteen hours this month because you know,
Speaker 1: sanctions on Russia. UM. So that's how that works. It's
Speaker 1: not a system that I particularly care for. It's not
Speaker 1: a system that I like. UM. I don't think that
Speaker 1: a couple of guys twelve fed board governors should be
Speaker 1: able to sit around and have a discussion that requires
Speaker 1: and make a decision for me that is now going
Speaker 1: to force me to work on extra fifteen hours this
Speaker 1: month because they decided to do that. It's not a
Speaker 1: system that sounds very good to me. But that's where
Speaker 1: we are quite quite crazy. UM. Now you're listening to
Speaker 1: the Mark Moa show. We're talking about the intersection of politics, finance,
Speaker 1: and technology. We're talking about the decentralized revolution. We're talking
Speaker 1: about taking the power away from these twelve board governors
Speaker 1: who can arbitrarily decide to make me work fifteen more hours,
Speaker 1: and instead of giving it to a different group of
Speaker 1: people who might be better at it than they were before, Um,
Speaker 1: how about giving it to nobody. How about so nobody
Speaker 1: can control that. How About nobody can get around and
Speaker 1: decided to make me work more hours? I like that.
Speaker 1: How About my life is in my control and not
Speaker 1: up to some random twelve people that I don't even
Speaker 1: know who they are, and I don't even vote for them. Now,
Speaker 1: if my wife wants me to go work more hours,
Speaker 1: that's a different story, right, A happy wife, happy life.
Speaker 1: But I don't know who these twelve board governors are.
Speaker 1: They don't know anything about me or my family. And
Speaker 1: so it's not about giving different people, it's about different people.
Speaker 1: About giving it to nobody, And that's exactly what bitcoin does. Um.
Speaker 1: The decentralized revolution is all about. You're listening to the
Speaker 1: Mark Moa show, UM navigating you through this um rapid
Speaker 1: change the world is going through. I got a lot
Speaker 1: more to cover with this. When I come back, make
Speaker 1: sure you don't go away. We're back, all right, Welcome back.
Speaker 1: You are listening to the Mark Moa show we're talking about.
Speaker 1: We're talking about bitcoin, we're talking about cryptocurrencies, we're talking
Speaker 1: about the decentralized revolution. We're talking about the intersection of politics, finance,
Speaker 1: and technology and how the world is just changing right
Speaker 1: before our very eyes. Uh this hour, we've been talking
Speaker 1: about specifically, the um BLS Bureau Labor Statistics put out
Speaker 1: the new CPI Consumer Price Index numbers this week, showing
Speaker 1: that we are again breaking records back to fourty year
Speaker 1: highs eight point five per cent. And while that looks
Speaker 1: like a number, what does it really mean? And of
Speaker 1: course I explained that that means that for for a
Speaker 1: person making about thirty seven dollars an hour, that means
Speaker 1: you have to work on extra ten hours a month.
Speaker 1: If you make twenty bucks an hour, you're probably working
Speaker 1: about an extra fifteen hours per month just to have
Speaker 1: the same lifestyle that you had before. Or that's what
Speaker 1: that means. So that means that literally they're stealing your life,
Speaker 1: the hours from your life, and society breaks down of
Speaker 1: that because as I already explained, I'm not gonna go
Speaker 1: through that again. If you missed it, don't worry, don't worry,
Speaker 1: We got you covered. You can check this out on demand.
Speaker 1: Just search Mark Mark Moss podcast and you can find
Speaker 1: all these episodes on your favorite podcast player, iTunes or
Speaker 1: Spotify or wherever you check your podcast. So if you
Speaker 1: missed me, don't worry, go back and listen to that again.
Speaker 1: I don't want to recap all that. But another thing
Speaker 1: I saw was back to these twelve Fed board governors.
Speaker 1: We have the New York Fed and the Dallas Fed
Speaker 1: and the St. Louis Fed, on and on and on
Speaker 1: the St. Louis Fed. President Bullard, he said, quote, labor
Speaker 1: markets are robust and likely to improve. So he's saying
Speaker 1: the economy is good. The labor markets are tight, people
Speaker 1: are working, right, so theylways look at the unemployment rate.
Speaker 1: He said. The unemployment rate has fallen to three point
Speaker 1: six percent and will likely fall below three percent later
Speaker 1: this year. And that hasn't occurred since the nineteen fifties.
Speaker 1: End quote, that's what we said. Hooray. He said. The
Speaker 1: economy is doing amazing. People are working. As a matter
Speaker 1: of fact, unemployment's the lowest that's ever been. Really because
Speaker 1: in my downtown when I walk around, all I see
Speaker 1: is help wanted signs everywhere. A matter of fact, I
Speaker 1: went out to dinner with my family UM night before last,
Speaker 1: and the restaurant we were at with short staff because
Speaker 1: they didn't have enough people. They made sure to tell
Speaker 1: us that UM as their as their excuse for given
Speaker 1: us poor service. I suppose UM. And so while they're
Speaker 1: saying that we have low unemployment, the reality that I
Speaker 1: see with my own eyes doesn't show me that. But
Speaker 1: even if that were true, that doesn't necessarily mean anything.
Speaker 1: So I would like to bring to your attention that
Speaker 1: one of the most famous examples of hyper inflation, or
Speaker 1: where the money blows up so fast that you can't
Speaker 1: afford to pay for things is UH is Wimar Germany,
Speaker 1: the Wimar Republic of Germany. And so what happened after
Speaker 1: World War Two is Germany had to pay war reparations.
Speaker 1: They had to pay um for all these European nations
Speaker 1: to rebuild, and they were ordered to pay this um,
Speaker 1: and so they had to print a bunch of money.
Speaker 1: And when they printed a bunch of money, then they
Speaker 1: had massive inflation. Remember, inflation is not prices going up.
Speaker 1: Prices going up is the result of inflation. Inflation is
Speaker 1: increasing or inflating the money, the monetary supply, the money supply,
Speaker 1: and so Germany had to inflate their money supply to
Speaker 1: pay back the war reparations, and uh, similar to what
Speaker 1: we're doing here, and we had to print a bunch
Speaker 1: of money to inflate our money supply to fight the
Speaker 1: war as well, the war on COVID apparently. But was
Speaker 1: the reason why I bring that up is that I'd
Speaker 1: like to tell St. Louis fed President Bullard that during
Speaker 1: the Weimar Germany hyper inflation period that unemployment was also
Speaker 1: about three at the same time. So what happens is
Speaker 1: as as prices go up, it gets cheaper to pay
Speaker 1: for labor, so people will hire businesses will hire more people.
Speaker 1: But the people that are getting those jobs aren't earning
Speaker 1: enough to keep up with that rate of inflation, with
Speaker 1: that rate of money, sorry, with the rate of prices increasing.
Speaker 1: So looking at that number on its own is not
Speaker 1: necessarily good sign. As a matter of fact, it's actually
Speaker 1: a result. It's actually typical for a period such as this,
Speaker 1: when they're printing money inflating the monetary supply at a
Speaker 1: rapid rate like they're doing now. It happened in the
Speaker 1: Waimar Republic, and that's exactly what's happening now. It's insane
Speaker 1: that people just can't seem to see that. But I
Speaker 1: get it's it's difficult to understand. There's a lot to
Speaker 1: understand about it, UM, and that's why I'm trying to
Speaker 1: walk you through it each end, every week. Because the
Speaker 1: system is changing rapidly. Now I'm I'm excited for that.
Speaker 1: I think we have a much better system to go
Speaker 1: into UM. As I said, though it's not a smooth transition,
Speaker 1: and for a lot of people it's not going to
Speaker 1: go super smooth. I am having a actual chance for
Speaker 1: you to get together and come meet me and hang
Speaker 1: out with me. I can tell you about and UM.
Speaker 1: I have about fifteen of my good friends that are
Speaker 1: some of the best analysts in the world that can
Speaker 1: guide you through this. Now you know things with this.
Speaker 1: I like to say that who was It? Iron ran
Speaker 1: one of my favorite authors. She said that you can
Speaker 1: choose to ignore reality, but you can't ignore the consequences
Speaker 1: of reality. So the financial system is going to change,
Speaker 1: and you can and you can choose not to pay
Speaker 1: attention to it, but it won't work out very well
Speaker 1: for you. Or you can choose to take advantage of it. UM,
Speaker 1: and of course understand the financial system is difficult. So
Speaker 1: what's happening with the real estate market and the interest
Speaker 1: rates and the bond market in the stock market, and
Speaker 1: where do I put my money? And how do I
Speaker 1: do with my taxes? And how do I protect my
Speaker 1: assets so I don't end up owning nothing and being
Speaker 1: happy like the world that I'm coming forum is saying,
Speaker 1: and so I'd love for you to come hang out
Speaker 1: with me in Dallas next month. You can check out
Speaker 1: Market Disruptors Live dot com and come hang out with
Speaker 1: me and about fifteen of my friends as some of
Speaker 1: the best speakers in the world to tell you what's
Speaker 1: going to happen next and what you should be doing
Speaker 1: about it. Mark Disruptors Live dot com. But UM, one
Speaker 1: way or another, you need to figure this out. We'd
Speaker 1: like to say, if we can fix the money, we
Speaker 1: can fix the world. And as we see over and over,
Speaker 1: as they continue to print a limited about some money,
Speaker 1: it continues to distort all these markets. I was talking
Speaker 1: about UM an earlier segment. If you've missed it, just
Speaker 1: don't worry. Go search Mark Moss podcast. You can check
Speaker 1: it out. But I was talking about the difference of
Speaker 1: the glaring difference when I was at Bitcoin Miami last
Speaker 1: week between the bitcoin and the crypto crowd and uh,
Speaker 1: you know, bitcoin um people tend to think long term
Speaker 1: and they're trying to save money and build businesses and
Speaker 1: change the world, whereas crypto people are about buying Lambeau
Speaker 1: and um. It couldn't have been illustrated better than this week.
Speaker 1: I put it on Twitter, I think yesterday again. If
Speaker 1: you're not follow me on Twitter, you should. It's at
Speaker 1: one Mark Moss. And while bitcoiners were really trying to
Speaker 1: fix the world with fixing the money, right like here,
Speaker 1: I'm talking about it's this money printing, this inflation. It's
Speaker 1: still in your life fifteen hours of your of your month.
Speaker 1: Now it's gonna steal time from your relationships and your
Speaker 1: health to work those extra fifteen hours. We're trying to
Speaker 1: fix the world by fixing the money. And here we
Speaker 1: have Charles Hoskinson. He's the founder of Cardano. If you
Speaker 1: guys are into cryptocurrency, I'm sure you've heard of that one. Everybody.
Speaker 1: Everybody loves Cardano and m A news article came out
Speaker 1: a couple of days ago. Cardanos, Charles Hoskinson is helping
Speaker 1: bring back wooly mammoths from extinction. He says, the popular
Speaker 1: crypto leader has identified a new project in which he
Speaker 1: thinks blockchain technology and perhaps Cardano can flourish. And so
Speaker 1: now while bitcoin is going to go save the world,
Speaker 1: we're gonna fix the money, fix the world. If we
Speaker 1: fix the money, we can fix the health, we can
Speaker 1: fix the relationships, we can fix um the work balance.
Speaker 1: We can make sure your money buys more goods and
Speaker 1: services in the future, so you don't have to work
Speaker 1: as hard, you don't have to be a slave. While
Speaker 1: we're trying to fix the money, fix the world, Charles
Speaker 1: Hoskinson and Cardano wants to bring back the wooly mammoth. Wow,
Speaker 1: that's that's that's shattering or shattering. I mean, you know,
Speaker 1: I guess it might be kind of cool to go
Speaker 1: to a zoo and see a wily mammoth. I don't
Speaker 1: really go to do that often. I guess when my
Speaker 1: kids were young, I took them there. I guess we could.
Speaker 1: I'd rather fix the money and fix the world and
Speaker 1: just glue some hair on a on an elephant. Maybe
Speaker 1: I don't know, but that just kind of shows you
Speaker 1: the difference in the difference in worldview, difference in alignment,
Speaker 1: and you can choose where to put your focus to.
Speaker 1: You know, I like to say that we want to
Speaker 1: build the world that we want, and the way that
Speaker 1: we do that is by putting our money where our
Speaker 1: mouth is. And we can put our money and build
Speaker 1: the world that we want, which is why I focus
Speaker 1: on bitcoin. I focus on investing in the companies that
Speaker 1: are building on top of bitcoin. Um. So at the
Speaker 1: Bitcoin conference, we saw dozens or hundreds of companies that
Speaker 1: are literally building life changing products on top of bitcoin,
Speaker 1: and I like to put my money there to build
Speaker 1: that system for my kids, for a better world for
Speaker 1: my kids. Or you can buy cardano and bring back
Speaker 1: the wooly Mammoth choices yours for glaring obvious difference there. Um,
Speaker 1: you're listening to the Mark Moa show. Um. If you
Speaker 1: don't follow me on Twitter, you should at at one
Speaker 1: Mark Boss on Instagram as well at one Mark Moss
Speaker 1: or my website one Mark Moss dot com. Check out
Speaker 1: my live event coming up Market Disruptors Live dot com
Speaker 1: as well, and make sure to send me a message
Speaker 1: on social media. I'd love to hear that you're watching
Speaker 1: the show, and of course ask me any questions you have.
Speaker 1: I'm on social media too much and I'll try my
Speaker 1: best to answer your questions. So hit me up there
Speaker 1: let me know you're listening to the show. I'm trying
Speaker 1: to change the world by fixing the money. Um, the
Speaker 1: Mark Ma Show. We're talking about the decentralized revolution that
Speaker 1: we're going through right now. And that's what I got
Speaker 1: for you today. All right, thanks so much for listening.