1 00:00:00,680 --> 00:00:03,080 Speaker 1: Welcome to another episode of The Mark Moss Show, where 2 00:00:03,080 --> 00:00:06,720 Speaker 1: we talk about the intersection of politics, finance, and technology. 3 00:00:06,760 --> 00:00:09,760 Speaker 1: We're talking about the decentralized revolution. We're talking about the 4 00:00:09,800 --> 00:00:12,360 Speaker 1: way the world is changing right before our very eyes. 5 00:00:13,520 --> 00:00:17,560 Speaker 1: It's full of opportunities, it's full of problems, it's full 6 00:00:17,600 --> 00:00:21,800 Speaker 1: of exciting changes and developments, and it's full of scary changes, 7 00:00:22,079 --> 00:00:25,599 Speaker 1: especially if you're not position to take advantage of them. 8 00:00:25,640 --> 00:00:27,720 Speaker 1: But whether you see it or not, whether you like 9 00:00:27,840 --> 00:00:31,480 Speaker 1: it or not, the world is changing. And so it's 10 00:00:31,520 --> 00:00:33,400 Speaker 1: up to you. You can decide to either be a 11 00:00:33,440 --> 00:00:34,720 Speaker 1: part of it and take advantage of it, or you 12 00:00:34,720 --> 00:00:37,440 Speaker 1: can decide to get mad and ignore it. But my 13 00:00:37,520 --> 00:00:40,840 Speaker 1: favorite author, well not my favorite author, one an author 14 00:00:40,880 --> 00:00:43,199 Speaker 1: I like, we'll say that. Sorry, I'm talking about iron 15 00:00:43,240 --> 00:00:44,920 Speaker 1: rand A Quotura all the time. She says that you 16 00:00:44,920 --> 00:00:47,600 Speaker 1: can choose to ignore reality, but you cannot ignore the 17 00:00:47,720 --> 00:00:50,639 Speaker 1: consequences of reality. And so the reality is the world 18 00:00:50,760 --> 00:00:54,000 Speaker 1: is changing, and uh, you can keep waiting for things 19 00:00:54,000 --> 00:00:58,000 Speaker 1: to go back to normal, but there ain't. There ain't there, 20 00:00:58,040 --> 00:01:00,120 Speaker 1: There is no normal. There ain't going back the way 21 00:01:00,120 --> 00:01:03,640 Speaker 1: they ever were, and that's because technology changes things. Um, 22 00:01:03,680 --> 00:01:07,520 Speaker 1: you know, politically, socially, culturally, financially, um. Things kind of 23 00:01:07,560 --> 00:01:10,600 Speaker 1: repeat over and over and over. But it's technology that changes, 24 00:01:11,400 --> 00:01:14,880 Speaker 1: and it's the technology that changes the way that we work, organized, communicate, 25 00:01:15,000 --> 00:01:18,160 Speaker 1: and so that we're not going back. Now. A lot 26 00:01:18,160 --> 00:01:23,400 Speaker 1: of people, particularly the governments, they want to stop technology, 27 00:01:23,640 --> 00:01:26,280 Speaker 1: which is amazing. Um, if you think about, you know, 28 00:01:26,280 --> 00:01:28,920 Speaker 1: the whole world three years ago, pretty much the whole 29 00:01:28,920 --> 00:01:32,800 Speaker 1: world was dirt. And UM. When I say dirt, I 30 00:01:32,840 --> 00:01:35,440 Speaker 1: mean we you know, we didn't have structures over like 31 00:01:35,480 --> 00:01:38,480 Speaker 1: two stories high, right, we had bricks two maybe two 32 00:01:38,600 --> 00:01:41,720 Speaker 1: or three stories high, and that was it. Right. We 33 00:01:41,800 --> 00:01:44,000 Speaker 1: didn't have any electricity, we had no we had nothing. 34 00:01:44,440 --> 00:01:46,880 Speaker 1: It wasn't until the Distrial Revolution about two years ago 35 00:01:46,880 --> 00:01:50,080 Speaker 1: that we started to actually get some stuff besides this 36 00:01:50,200 --> 00:01:52,040 Speaker 1: living in the dirt, on the on the on the farms, 37 00:01:52,040 --> 00:01:55,120 Speaker 1: in the fields. And um, in the last two years, 38 00:01:55,160 --> 00:01:57,600 Speaker 1: we've had steel which allowed us build skyscrapers and bridges 39 00:01:57,640 --> 00:02:01,480 Speaker 1: and electricity and all these things. And it's technology and 40 00:02:01,720 --> 00:02:03,760 Speaker 1: then through that as allowed us to specialize our labor. 41 00:02:03,760 --> 00:02:06,360 Speaker 1: And then we have massive improvements in science and technology 42 00:02:06,440 --> 00:02:10,200 Speaker 1: and sanitation, and that's allowed our life expectancy to go 43 00:02:10,280 --> 00:02:14,000 Speaker 1: up and all these amazing things. And so progress has 44 00:02:14,040 --> 00:02:16,600 Speaker 1: been amazing. You know, I used to have to buy 45 00:02:16,639 --> 00:02:19,000 Speaker 1: film and I could take thirty I think it was 46 00:02:19,000 --> 00:02:21,080 Speaker 1: a thirty two pictures on my camera, and now I 47 00:02:21,080 --> 00:02:24,040 Speaker 1: can take a million just on my phone. Right. Progress 48 00:02:24,080 --> 00:02:26,000 Speaker 1: is amazing. It allows us to do all types of 49 00:02:26,000 --> 00:02:28,800 Speaker 1: things like we're doing right now, work from home. But 50 00:02:28,960 --> 00:02:31,840 Speaker 1: the politicians, the powers that be want to stop it 51 00:02:32,040 --> 00:02:34,240 Speaker 1: because they don't like the progress. But they can't be stopped. 52 00:02:34,240 --> 00:02:37,120 Speaker 1: Technologies here no matter what. And one of the ways 53 00:02:37,160 --> 00:02:39,960 Speaker 1: that the world is changing is that over the last 54 00:02:40,000 --> 00:02:43,320 Speaker 1: two or fifty years, the world has been becoming centralized. Um, 55 00:02:43,360 --> 00:02:47,119 Speaker 1: the the industrial revolution lad people out of the farms 56 00:02:47,200 --> 00:02:50,760 Speaker 1: and fields into the cities and factories and begin it 57 00:02:50,840 --> 00:02:53,400 Speaker 1: began this a whole move towards centralization. We have these 58 00:02:53,400 --> 00:02:55,919 Speaker 1: giant corporations and these giant companies and all these things. 59 00:02:56,520 --> 00:03:00,519 Speaker 1: And now that trend is reversing. And I've been talking 60 00:03:00,520 --> 00:03:02,880 Speaker 1: about this, so I talked about the decentralized revolution, and 61 00:03:02,880 --> 00:03:05,280 Speaker 1: now things are starting to reverse. And the Internet is 62 00:03:05,320 --> 00:03:08,320 Speaker 1: what really enabled that to start happening. And so now 63 00:03:08,600 --> 00:03:12,440 Speaker 1: you know, via zoom, people can work from anywhere and um, 64 00:03:12,480 --> 00:03:14,400 Speaker 1: instead of these big giant companies, Now we have all 65 00:03:14,400 --> 00:03:17,480 Speaker 1: these small companies. Need is big building with all these people. 66 00:03:17,560 --> 00:03:19,320 Speaker 1: Now I just have people working remotely all over the 67 00:03:19,320 --> 00:03:22,160 Speaker 1: world kind of thing. And so it's technology that's really 68 00:03:22,240 --> 00:03:25,480 Speaker 1: changing that. And then of course through the through the pandemic, 69 00:03:25,520 --> 00:03:28,280 Speaker 1: it really accelerated that. Right, we saw that everyone was 70 00:03:28,360 --> 00:03:31,520 Speaker 1: forced to work from home. So even companies that thought 71 00:03:31,600 --> 00:03:33,840 Speaker 1: no way I could ever have my workforce working from 72 00:03:33,840 --> 00:03:36,640 Speaker 1: home found out, shoot, actually I can kind of works 73 00:03:36,640 --> 00:03:38,760 Speaker 1: pretty good. And people that said no way I could 74 00:03:38,760 --> 00:03:40,880 Speaker 1: ever work from home, Um, I need to be in 75 00:03:40,880 --> 00:03:43,680 Speaker 1: the office, found out, actually, I like working from home. 76 00:03:44,520 --> 00:03:46,600 Speaker 1: And so it was this massive catalyst that pushed people 77 00:03:46,640 --> 00:03:50,400 Speaker 1: to do things they never would have done ordinarily. Um, 78 00:03:50,560 --> 00:03:52,440 Speaker 1: once that genius out of the bottle and ain't going back. 79 00:03:53,160 --> 00:03:57,200 Speaker 1: And that's exactly what we've seen. We're seeing, Uh, even 80 00:03:57,240 --> 00:03:59,160 Speaker 1: though companies are able to go back to work, they 81 00:03:59,160 --> 00:04:02,520 Speaker 1: don't want to. Latest this week we saw I saw 82 00:04:02,560 --> 00:04:05,360 Speaker 1: on the Wall Street Journal Mark Zuckerberg from Facebook and 83 00:04:05,360 --> 00:04:09,720 Speaker 1: now Meta said that they are now taking remote work 84 00:04:09,800 --> 00:04:13,320 Speaker 1: to the extreme. I said, executives are scattering two locations 85 00:04:13,400 --> 00:04:17,320 Speaker 1: far from Silicon Valley headquarters working from Hawaiike, cod Europe, etcetera. 86 00:04:17,920 --> 00:04:20,160 Speaker 1: And so you know in the United States. You know, 87 00:04:20,360 --> 00:04:25,440 Speaker 1: we have some beautiful places in the United States, Idaho, Montana, 88 00:04:25,839 --> 00:04:28,520 Speaker 1: you know, Colorado, but if you really want to be successful, 89 00:04:28,520 --> 00:04:29,440 Speaker 1: you had to move to the city. You had to 90 00:04:29,480 --> 00:04:32,240 Speaker 1: be in San Francisco or Los Angeles or New York 91 00:04:32,240 --> 00:04:36,719 Speaker 1: City something like that. Well, now people can be wherever. 92 00:04:36,720 --> 00:04:38,599 Speaker 1: That's why we're seeing real estate prices go crazy in 93 00:04:38,640 --> 00:04:42,560 Speaker 1: places like Idaho, Montana, Wyoming, etcetera. Uh, I don't know. 94 00:04:42,600 --> 00:04:46,880 Speaker 1: Two months ago, I drove I drove well, uh, I 95 00:04:46,920 --> 00:04:49,400 Speaker 1: don't know. It's not in northern California, about six hours 96 00:04:49,400 --> 00:04:53,120 Speaker 1: north of where I live as a Mammoth Mountains snow 97 00:04:53,200 --> 00:04:57,159 Speaker 1: ski snowboard place here in California. And we're driving back 98 00:04:57,200 --> 00:04:59,120 Speaker 1: and I remember talking to my daughter and I was like, 99 00:05:00,000 --> 00:05:01,920 Speaker 1: it's about six hour drive. For like the first four 100 00:05:02,000 --> 00:05:05,200 Speaker 1: hours driving back, you don't see anything. I mean, it's 101 00:05:05,240 --> 00:05:08,000 Speaker 1: just nothing, right, And then you get to the l 102 00:05:08,040 --> 00:05:09,480 Speaker 1: A and then you start getting all the traffic and 103 00:05:09,480 --> 00:05:12,640 Speaker 1: stuff like that, and it's like as crowded as California is, 104 00:05:13,040 --> 00:05:16,320 Speaker 1: it's really not that crowded. Um, it's just people are 105 00:05:16,320 --> 00:05:18,560 Speaker 1: in the cities but now people are able to move 106 00:05:18,560 --> 00:05:21,080 Speaker 1: all over the place, and not just into Colorado way, 107 00:05:21,080 --> 00:05:22,560 Speaker 1: I mean, I know, but they can move down to 108 00:05:23,200 --> 00:05:26,159 Speaker 1: Mexico or El Salvador or whatever they want. And so 109 00:05:26,440 --> 00:05:28,120 Speaker 1: we're seeing that pick up. As a matter of fact, 110 00:05:28,120 --> 00:05:32,200 Speaker 1: like I said here, Facebook says um the company's management, 111 00:05:32,200 --> 00:05:35,479 Speaker 1: including chief executive Mark Zuckerberg, is scattering to locations far 112 00:05:35,600 --> 00:05:39,960 Speaker 1: from its Silicon Valley headquarters and extreme test of the 113 00:05:40,040 --> 00:05:43,480 Speaker 1: limits of remote work. It says, quote, the past few 114 00:05:43,520 --> 00:05:45,960 Speaker 1: years have brought new possibilities around the ways we connect 115 00:05:46,000 --> 00:05:51,160 Speaker 1: and work, and said spokesman Tracy Clayton, um, quote we 116 00:05:51,240 --> 00:05:54,360 Speaker 1: believe that how people work is far more important than 117 00:05:54,520 --> 00:05:59,120 Speaker 1: where they work from. And so um, if medic can 118 00:05:59,160 --> 00:06:00,919 Speaker 1: do it and all these other companies can do it, 119 00:06:00,960 --> 00:06:02,720 Speaker 1: then then everyone else can. And this is a trend 120 00:06:02,800 --> 00:06:06,640 Speaker 1: that's going to continue. This is part of the decentralized revolution. Now, 121 00:06:06,680 --> 00:06:09,039 Speaker 1: if we're working from anywhere, then we need tools to 122 00:06:09,160 --> 00:06:12,080 Speaker 1: do that. So we need obviously Zoom is a good one. 123 00:06:12,200 --> 00:06:14,760 Speaker 1: Facebook is you know, they change their name to Meta. 124 00:06:14,839 --> 00:06:17,320 Speaker 1: I suppose they're building out this whole metaverse, and maybe 125 00:06:17,320 --> 00:06:18,919 Speaker 1: that's going to be a new way that it can work. 126 00:06:19,760 --> 00:06:22,400 Speaker 1: What's cool is that you know, companies like this will 127 00:06:22,400 --> 00:06:24,840 Speaker 1: be pioneering, this will be putting a bunch of money 128 00:06:24,920 --> 00:06:27,720 Speaker 1: into all these new tools and ways to do this ways, 129 00:06:27,760 --> 00:06:30,320 Speaker 1: like I said, the ways we communicate, organizing to communicate 130 00:06:30,800 --> 00:06:34,240 Speaker 1: um and then that technology. Those things will then start 131 00:06:34,240 --> 00:06:38,719 Speaker 1: trickling down to other people, like US Medicine in June 132 00:06:38,920 --> 00:06:42,599 Speaker 1: that it would allow all full time employees to apply 133 00:06:42,760 --> 00:06:45,680 Speaker 1: to work from home if their jobs allowed it, and 134 00:06:45,720 --> 00:06:48,480 Speaker 1: says Meta has shifted to a hybrid model that allows 135 00:06:48,520 --> 00:06:53,000 Speaker 1: most employees, including top executives, to work from wherever they 136 00:06:53,040 --> 00:06:57,080 Speaker 1: deem best. Man, that's pretty cool. So like I could 137 00:06:57,080 --> 00:06:59,160 Speaker 1: go as long as you have internet, and now like 138 00:06:59,200 --> 00:07:02,320 Speaker 1: with elon usk starlink, I can get a satellite dish 139 00:07:02,320 --> 00:07:03,720 Speaker 1: it's about size of a coffee table, and I could 140 00:07:03,760 --> 00:07:05,919 Speaker 1: have broadband internet anywhere in the world. I can go 141 00:07:05,920 --> 00:07:07,719 Speaker 1: to the South Pacific and live on a little island 142 00:07:07,720 --> 00:07:09,440 Speaker 1: and they have broadband. I could work from there. Now 143 00:07:09,520 --> 00:07:11,520 Speaker 1: that's pretty cool. And so this is the only going 144 00:07:11,560 --> 00:07:13,320 Speaker 1: to continue, and you know, we'll see more of these 145 00:07:13,320 --> 00:07:16,160 Speaker 1: tools really starting to develop, and that would, like I said, 146 00:07:16,160 --> 00:07:19,120 Speaker 1: we'll trickle down to the rest of us, and we'll 147 00:07:19,160 --> 00:07:21,160 Speaker 1: need tools to communicate better. So, like I said, like 148 00:07:21,160 --> 00:07:24,640 Speaker 1: the zoom and whatnot, UM, but then we also need 149 00:07:24,720 --> 00:07:27,440 Speaker 1: a money. We also need a money that can work 150 00:07:27,480 --> 00:07:29,600 Speaker 1: like that, and so we need a money that's truly 151 00:07:29,600 --> 00:07:32,600 Speaker 1: global and that can be sent. Now, the problem with 152 00:07:32,640 --> 00:07:36,000 Speaker 1: the current financial system is it's UM. It's permissioned, so 153 00:07:36,320 --> 00:07:38,240 Speaker 1: it takes you have to have permission to join it. 154 00:07:38,240 --> 00:07:41,000 Speaker 1: That's why about two billion adults, about half the adults, 155 00:07:41,040 --> 00:07:43,320 Speaker 1: more than half the adults in the world today have 156 00:07:43,480 --> 00:07:46,880 Speaker 1: no access to the financial system because they don't have permission. 157 00:07:47,800 --> 00:07:49,480 Speaker 1: And in order to send money around the world, it's 158 00:07:49,560 --> 00:07:53,480 Speaker 1: very difficult because each country has their own walled garden, 159 00:07:53,520 --> 00:07:56,000 Speaker 1: if you will, UM, and so there's all these gateways 160 00:07:56,040 --> 00:07:57,600 Speaker 1: that money has to go in and out, and then 161 00:07:57,600 --> 00:07:59,960 Speaker 1: they want to extract all these heavy fees and depend 162 00:08:00,040 --> 00:08:01,440 Speaker 1: on where you're at in the world and how much 163 00:08:01,480 --> 00:08:05,040 Speaker 1: money you're sending, you can spend of the of the 164 00:08:05,080 --> 00:08:08,280 Speaker 1: amount you're sending could be eaten up in fees. And 165 00:08:08,320 --> 00:08:12,160 Speaker 1: so in addition to that, it makes it very inconvenient 166 00:08:12,320 --> 00:08:14,680 Speaker 1: or really unprofitable to send small amounts of money. So, 167 00:08:14,720 --> 00:08:20,480 Speaker 1: for example, how could you send ten cents today to 168 00:08:20,520 --> 00:08:24,360 Speaker 1: somebody in another country ten cents the answers you can't, 169 00:08:24,880 --> 00:08:29,160 Speaker 1: and so we need a money that's both borderless, permission less, 170 00:08:30,080 --> 00:08:33,240 Speaker 1: UM and instantaneous and free. And of course bitcoin works 171 00:08:33,240 --> 00:08:37,560 Speaker 1: perfectly into that decentralized revolution peace UM. And that's just 172 00:08:37,600 --> 00:08:39,560 Speaker 1: one way that we're seeing that happen. Meta is kind 173 00:08:39,559 --> 00:08:42,480 Speaker 1: of leading the way, UM, but that's not the only way. 174 00:08:42,480 --> 00:08:46,439 Speaker 1: Like I said, with bitcoin really opening that up, we're 175 00:08:46,480 --> 00:08:50,040 Speaker 1: seeing more and more UM people jumping into that. As 176 00:08:50,040 --> 00:08:53,640 Speaker 1: a matter of fact, UM, one of the biggest names 177 00:08:53,679 --> 00:08:58,320 Speaker 1: in finance, actually to two of the biggest names in 178 00:08:58,720 --> 00:09:03,520 Speaker 1: finance announced this week that they are getting into bitcoin 179 00:09:03,559 --> 00:09:06,000 Speaker 1: and cryptocurrencies. That is big news too. I mean I'm 180 00:09:06,040 --> 00:09:08,680 Speaker 1: talking the biggest names. I'm gonna tell you about those. Also, 181 00:09:08,800 --> 00:09:11,800 Speaker 1: there's two states that have opened it up. That's pretty amazing, 182 00:09:12,360 --> 00:09:14,080 Speaker 1: big big news. I got a couple of those stories 183 00:09:14,080 --> 00:09:16,360 Speaker 1: to talk about. In a minute, you're listening to the 184 00:09:16,400 --> 00:09:19,400 Speaker 1: Mark ma Show talking about the decentralized revolution, talking about 185 00:09:19,400 --> 00:09:23,040 Speaker 1: the intersection of politics, finance, and technology. Really trying to 186 00:09:23,080 --> 00:09:26,280 Speaker 1: bring all of this into context, especially by bringing you 187 00:09:26,280 --> 00:09:28,000 Speaker 1: some of the latest breaking news of the week. I 188 00:09:28,040 --> 00:09:30,080 Speaker 1: got a lot more when I come back, so do 189 00:09:30,120 --> 00:09:32,640 Speaker 1: not go away, I'll be back. All right, Welcome back. 190 00:09:32,679 --> 00:09:35,319 Speaker 1: You're listening to The Mark Ma Show, and I am 191 00:09:35,440 --> 00:09:38,320 Speaker 1: keeping you up to date with the latest breaking news 192 00:09:38,400 --> 00:09:41,439 Speaker 1: on the decentralized revolution. We're talking about bitcoin, we're talking 193 00:09:41,440 --> 00:09:44,760 Speaker 1: about cryptocurrencies. We're talking about the intersection of politics, finance, 194 00:09:44,840 --> 00:09:49,439 Speaker 1: and technology, and again, like I said, the decentralized revolution. 195 00:09:49,440 --> 00:09:52,760 Speaker 1: Before the break, I was talking about how meta Facebook 196 00:09:53,000 --> 00:09:55,800 Speaker 1: announced that everyone can go work from anywhere that they 197 00:09:56,000 --> 00:10:00,240 Speaker 1: deem fit now, which is pretty amazing. And it's a trend, right, 198 00:10:00,240 --> 00:10:01,520 Speaker 1: This is a trend. You have to think about these 199 00:10:01,559 --> 00:10:02,960 Speaker 1: things and think about where they go. And this is 200 00:10:02,960 --> 00:10:05,160 Speaker 1: just going to continue to lead to the world decentralizing. 201 00:10:05,160 --> 00:10:07,520 Speaker 1: The world continue to move out of the cities, whether 202 00:10:07,559 --> 00:10:11,160 Speaker 1: everyone's over over the crowded and uh, moving to places wherever, 203 00:10:11,160 --> 00:10:13,800 Speaker 1: wherever they want, wherever they deem fit. It's pretty cool, um. 204 00:10:13,840 --> 00:10:15,760 Speaker 1: And so that's one of the reasons why, like you know, 205 00:10:15,760 --> 00:10:19,199 Speaker 1: bitcoin and cryptocurrencies, it's just inevitable. I mean, it's it's inevitable. 206 00:10:19,200 --> 00:10:21,320 Speaker 1: At this point, we're past the point of no return. 207 00:10:22,559 --> 00:10:26,160 Speaker 1: That's why I'm calling bitcoin the best risk adjusted investment 208 00:10:26,320 --> 00:10:29,640 Speaker 1: I've ever seen. Were past that point and it's not 209 00:10:29,720 --> 00:10:32,080 Speaker 1: just me that thinks that. As a matter of fact, UM, 210 00:10:32,320 --> 00:10:36,400 Speaker 1: two of the biggest names. I don't I'm not saying 211 00:10:36,800 --> 00:10:39,240 Speaker 1: um some of or a few of No, no, no, 212 00:10:39,320 --> 00:10:43,880 Speaker 1: I'm saying to probably probably the two biggest. I'm gonna 213 00:10:43,920 --> 00:10:49,320 Speaker 1: claim it that the two biggest names in finance in 214 00:10:49,360 --> 00:10:52,640 Speaker 1: the world period. I'm gonna claim it like that have 215 00:10:52,920 --> 00:10:55,880 Speaker 1: just made some big announcements this week. When I say 216 00:10:55,920 --> 00:10:58,720 Speaker 1: two of the biggest and no, no, no, no, no, sorry, 217 00:10:58,800 --> 00:11:01,720 Speaker 1: I keep going back to that two of the I'm saying, too, 218 00:11:02,400 --> 00:11:04,200 Speaker 1: the two biggest. So who am I talking about? Well, 219 00:11:04,240 --> 00:11:07,439 Speaker 1: first one, I'm talking about Ray Dalio. Ray Dalio his 220 00:11:07,760 --> 00:11:13,839 Speaker 1: famous Bridgewater Capital UM and Bridgewater Capital is uh, the 221 00:11:13,840 --> 00:11:20,280 Speaker 1: the world's largest hedge fund, period, the world's largest hedge funds. 222 00:11:20,280 --> 00:11:23,040 Speaker 1: So I'm not saying some of or one of, No, no, no, 223 00:11:23,240 --> 00:11:28,360 Speaker 1: the largest UM and uh. Ray Dalio's Bridgewater says that 224 00:11:28,400 --> 00:11:32,640 Speaker 1: they are in investing into a crypto fund. That's what 225 00:11:32,679 --> 00:11:36,880 Speaker 1: they said, UM, and that's pretty big news. Now. Ray Dalio, 226 00:11:37,080 --> 00:11:40,640 Speaker 1: he's very vocal, very outspoken. He's on lots of news channel. 227 00:11:40,640 --> 00:11:42,719 Speaker 1: As a matter of fact, he recently put out a 228 00:11:42,760 --> 00:11:46,520 Speaker 1: new book that I'm reading right now. It's pretty good. UM, 229 00:11:46,640 --> 00:11:48,640 Speaker 1: the New World Order. I think it's called I'm I 230 00:11:48,640 --> 00:11:50,800 Speaker 1: don't know, four or five chapters in. Uh it's a 231 00:11:50,840 --> 00:11:52,360 Speaker 1: good it's a good read if you if you want 232 00:11:52,360 --> 00:11:54,640 Speaker 1: to check it out, I'd recommend it. But uh, so 233 00:11:54,679 --> 00:11:57,040 Speaker 1: he's pretty prolific. He puts a lot of information out there. 234 00:11:57,320 --> 00:12:00,920 Speaker 1: But Bridgewater Capital UM has now said that they are 235 00:12:01,120 --> 00:12:06,439 Speaker 1: going to be investing into cryptocurrencies. And what's interesting about 236 00:12:06,440 --> 00:12:09,959 Speaker 1: it is that, UM, this is a big pivot. It's 237 00:12:09,960 --> 00:12:12,760 Speaker 1: a big pivot because UM, just about a year ago 238 00:12:13,320 --> 00:12:16,120 Speaker 1: they said they weren't into it at all. So for 239 00:12:16,160 --> 00:12:17,720 Speaker 1: them to go from a year ago like we're not 240 00:12:17,800 --> 00:12:20,400 Speaker 1: into it to like, okay, now we're in officially in, 241 00:12:20,600 --> 00:12:23,319 Speaker 1: it's a pretty big deal. UM. And that's why I 242 00:12:23,360 --> 00:12:25,959 Speaker 1: continue to say, like, it is not going away now. UM. 243 00:12:26,120 --> 00:12:29,880 Speaker 1: Ray Dalio himself, this is Bridgewater Capital, the largest, you know, 244 00:12:29,880 --> 00:12:32,720 Speaker 1: the largest hedge fund of the world. But Ray Dalio 245 00:12:32,920 --> 00:12:36,840 Speaker 1: himself did come out publicly and say that he added 246 00:12:36,840 --> 00:12:39,800 Speaker 1: bitcoin to his portfolio. And I'd like to point out 247 00:12:39,840 --> 00:12:43,800 Speaker 1: he said bitcoin, not crypto. UM. So he did personally 248 00:12:43,840 --> 00:12:45,760 Speaker 1: come out and say that. But now the fund has 249 00:12:45,760 --> 00:12:48,720 Speaker 1: efficiently come out and said that they are into cryptocurrency. 250 00:12:48,800 --> 00:12:51,680 Speaker 1: So that's big news. It's really big news. Like I said, 251 00:12:51,720 --> 00:12:54,240 Speaker 1: the world's largest headphone. But he's not the only one. 252 00:12:54,640 --> 00:12:59,520 Speaker 1: I said the two largest, So that's one who's the 253 00:12:59,559 --> 00:13:03,240 Speaker 1: second largest, Well, they're also they're also the world's largest. 254 00:13:03,280 --> 00:13:06,440 Speaker 1: In just a little different way. I'm talking about Larry Fink, 255 00:13:06,559 --> 00:13:09,520 Speaker 1: the CEO of black Rock. You've probably heard of black 256 00:13:09,600 --> 00:13:13,080 Speaker 1: Rock before, maybe not in a good way. Uh. Their 257 00:13:13,120 --> 00:13:16,320 Speaker 1: symbol is b l K, and Larry Fink, the CEO 258 00:13:16,320 --> 00:13:22,559 Speaker 1: of black Rock, has confirmed that the world's largest asset manager, 259 00:13:23,240 --> 00:13:27,960 Speaker 1: the world's largest asset manager. So Bridgewater Capitals the world's 260 00:13:28,040 --> 00:13:31,480 Speaker 1: largest hedge fund, and now black Rock is the world's 261 00:13:31,520 --> 00:13:35,120 Speaker 1: largest asset manager. And now they're exploring how to serve 262 00:13:35,200 --> 00:13:40,280 Speaker 1: clients with with with cryptocurrencies as well, and very similar 263 00:13:40,400 --> 00:13:44,080 Speaker 1: to Bridgewater Capital and Ray Dalio. It's interesting is that 264 00:13:44,480 --> 00:13:46,800 Speaker 1: it says here that Fink Larry Fink, he is the CEO. 265 00:13:47,320 --> 00:13:51,800 Speaker 1: Fink cited increasing interest from clients around digital currencies in 266 00:13:51,840 --> 00:13:55,520 Speaker 1: a letter to shareholders on Thursday. What's interesting it says 267 00:13:55,559 --> 00:13:59,440 Speaker 1: that fins comments are at sharp odds with his previous 268 00:13:59,440 --> 00:14:03,560 Speaker 1: assessment of client interest in crypto. In July of last year, 269 00:14:03,679 --> 00:14:06,520 Speaker 1: Fink said that he has not seen much demand for 270 00:14:06,559 --> 00:14:10,199 Speaker 1: digital assets. So July of last year, he was asked 271 00:14:10,200 --> 00:14:13,600 Speaker 1: in an interview and he said that there was not 272 00:14:13,720 --> 00:14:17,760 Speaker 1: much demand for cryptocurrencies back then July of last year, 273 00:14:17,840 --> 00:14:20,560 Speaker 1: less than a year ago. But now, he said in 274 00:14:20,600 --> 00:14:24,080 Speaker 1: the letter to shareholders that because of the increasing interests 275 00:14:24,080 --> 00:14:28,160 Speaker 1: from clients, now they're going to jump into it. It's 276 00:14:28,160 --> 00:14:32,760 Speaker 1: a pretty big deal. Now. Again, he's the world's largest 277 00:14:32,880 --> 00:14:39,400 Speaker 1: asset manager, So imagine the type of clients that they have. Um, 278 00:14:39,440 --> 00:14:44,200 Speaker 1: it's pretty big, right, So, Um, that's a big that's 279 00:14:44,200 --> 00:14:47,200 Speaker 1: a big shifting sentiment from a year ago. No one's 280 00:14:47,240 --> 00:14:50,400 Speaker 1: really into it too. Now this massive demand for it 281 00:14:50,440 --> 00:14:52,960 Speaker 1: to be there and so um, these are things that 282 00:14:53,000 --> 00:14:54,960 Speaker 1: you should not be sleeping on. These are things that 283 00:14:55,000 --> 00:14:57,720 Speaker 1: you need to be paying attention to. The big, big, big, 284 00:14:57,760 --> 00:15:02,640 Speaker 1: big deal. And it just continues on from there. Of course. Uh, 285 00:15:02,800 --> 00:15:05,800 Speaker 1: like I was telling you before, the governments around the 286 00:15:05,800 --> 00:15:08,720 Speaker 1: world are gonna want to stop this. They don't like it. Right. 287 00:15:08,960 --> 00:15:11,160 Speaker 1: Why don't they like it? Because it builds a new 288 00:15:11,240 --> 00:15:14,480 Speaker 1: system that they can't control. And so you've heard me 289 00:15:14,520 --> 00:15:17,520 Speaker 1: talk many times about el Salvador um. El Salvador is 290 00:15:17,560 --> 00:15:20,080 Speaker 1: the first nation in the world to make bitcoin actually 291 00:15:20,200 --> 00:15:23,000 Speaker 1: legal tender. Legal tender means that you would be able 292 00:15:23,040 --> 00:15:26,560 Speaker 1: to buy anything any anywhere, anyone selling anything in the 293 00:15:26,640 --> 00:15:29,560 Speaker 1: in the nation of El Salvador country. El Salvador must 294 00:15:29,680 --> 00:15:33,640 Speaker 1: now accept bitcoin is payment. That's what legal tender means, 295 00:15:33,960 --> 00:15:35,200 Speaker 1: and so they were the first to do that. Now, 296 00:15:35,440 --> 00:15:36,920 Speaker 1: a lot of people in the world don't like that. 297 00:15:37,040 --> 00:15:40,160 Speaker 1: As a matter of fact, the United States doesn't seem 298 00:15:40,200 --> 00:15:42,200 Speaker 1: to like it. Like, what the heck does the United 299 00:15:42,240 --> 00:15:45,400 Speaker 1: States care if El Salvador uses a bitcoin or not. Right, 300 00:15:45,400 --> 00:15:48,360 Speaker 1: El Salvador is like so far down. I think they're 301 00:15:48,400 --> 00:15:53,560 Speaker 1: like maybe ninety two, ranked ninety two in the world, 302 00:15:53,640 --> 00:15:56,160 Speaker 1: unlike GDP or something. I mean, their way down there. 303 00:15:56,160 --> 00:15:58,200 Speaker 1: What the heck does the United States care? Well? They do. 304 00:15:58,320 --> 00:16:00,480 Speaker 1: The U. S. Senate is now considering a new bill 305 00:16:00,600 --> 00:16:06,280 Speaker 1: to examine El Salvador's bitcoin experiment, which is crazy. It 306 00:16:06,320 --> 00:16:08,240 Speaker 1: says the U. S. Senate will vote on a bill 307 00:16:08,320 --> 00:16:13,160 Speaker 1: looking to mitigate the risks to the US financial system 308 00:16:13,200 --> 00:16:18,480 Speaker 1: from El Salvador's adoption of bitcoin as legal tender. Mm hmm. 309 00:16:19,080 --> 00:16:21,280 Speaker 1: They want to mitigate the risks of the U S 310 00:16:21,320 --> 00:16:24,200 Speaker 1: financial system from El Salvador's adoption of bitcoin. What kind 311 00:16:24,200 --> 00:16:27,920 Speaker 1: of risks El s Avador is tiny? El Savador is 312 00:16:28,000 --> 00:16:30,920 Speaker 1: a little, tiny, little spec for the United States. What 313 00:16:31,080 --> 00:16:34,560 Speaker 1: potential risk could there be? That says the you'll love 314 00:16:34,600 --> 00:16:37,840 Speaker 1: this The ACES Act, Oh, what a good name. The 315 00:16:37,880 --> 00:16:44,520 Speaker 1: ACES Act, the Accountability for Cryptocurrency in El Salvador A c. E. S. 316 00:16:45,080 --> 00:16:48,320 Speaker 1: The ACES Act was introduced by Senator Senators James Rish 317 00:16:48,360 --> 00:16:51,920 Speaker 1: of Idaho, Bob Mendez of New Jersey, and Bill Cassidy 318 00:16:52,000 --> 00:16:55,000 Speaker 1: and Louisiana Um. And it says, quote, as El Salvador 319 00:16:55,040 --> 00:16:57,720 Speaker 1: has adopted bitcoin is legal tender, it's important we understand 320 00:16:57,880 --> 00:17:03,000 Speaker 1: and mitigate potential risk of the US financial system. Um 321 00:17:03,080 --> 00:17:05,720 Speaker 1: He had that legislation would require the State and Treasury Departments, 322 00:17:05,720 --> 00:17:08,480 Speaker 1: among other federal agencies, to mitigate risks such as potential 323 00:17:08,600 --> 00:17:15,800 Speaker 1: empowerment of China. Oh man, I mean, I always go 324 00:17:15,840 --> 00:17:19,879 Speaker 1: back to this quote that Christina the Garden said, which was, um, 325 00:17:20,080 --> 00:17:25,920 Speaker 1: innovation threatens financial stability. So it does. It does threaten 326 00:17:25,960 --> 00:17:29,160 Speaker 1: financial stability. It threatned it threatens the financial system that 327 00:17:29,200 --> 00:17:32,800 Speaker 1: they have a monopoly on. But they can't do it 328 00:17:32,840 --> 00:17:37,000 Speaker 1: by not by stopping um progress and change. Things change 329 00:17:37,080 --> 00:17:40,760 Speaker 1: because they're better. We only give up something. We'll only 330 00:17:40,800 --> 00:17:42,080 Speaker 1: give up an old way to go to a new 331 00:17:42,080 --> 00:17:43,800 Speaker 1: way when the new way is better, or when you're 332 00:17:43,800 --> 00:17:46,959 Speaker 1: forced at gunpoint, which is what the government's trying to do. UM. 333 00:17:47,040 --> 00:17:49,119 Speaker 1: But either way, there's a quote that I love. I 334 00:17:49,160 --> 00:17:51,480 Speaker 1: forget who says it, but it says that you a 335 00:17:51,560 --> 00:17:54,959 Speaker 1: standing army is no I has no match for a 336 00:17:55,000 --> 00:17:58,600 Speaker 1: good idea whose time has come. That's exactly what we're 337 00:17:58,600 --> 00:18:00,200 Speaker 1: looking at here. I mean, when when you have something 338 00:18:00,200 --> 00:18:03,000 Speaker 1: that's a thousand times better like bitcoin is, there's just 339 00:18:03,040 --> 00:18:04,720 Speaker 1: no way they can stop it. You're listening to the 340 00:18:04,720 --> 00:18:07,520 Speaker 1: Mark Moa Show. We're talking about bitcoin, the decentralized revolution, 341 00:18:07,840 --> 00:18:11,480 Speaker 1: the intersection of tech, politics and finance. I got a 342 00:18:11,560 --> 00:18:14,640 Speaker 1: lot more to come back about when I come back, 343 00:18:14,880 --> 00:18:18,160 Speaker 1: So do not go away, everyone, Welcome back. You are 344 00:18:18,240 --> 00:18:22,520 Speaker 1: listening to the markma Show where we discuss the decentralized 345 00:18:22,560 --> 00:18:24,520 Speaker 1: revolution that the world is going through right now. We're 346 00:18:24,520 --> 00:18:27,720 Speaker 1: talking about the intersection of politics finance, but really it's 347 00:18:27,720 --> 00:18:30,679 Speaker 1: all driven by technology. Of course, we're talking about bitcoin 348 00:18:30,720 --> 00:18:33,879 Speaker 1: and cryptocurrencies and what that's doing to the world, and 349 00:18:33,920 --> 00:18:37,959 Speaker 1: it's disrupting everything that we as we know it, right, 350 00:18:38,000 --> 00:18:41,080 Speaker 1: that's what technology is doing. And um, as I've made 351 00:18:41,119 --> 00:18:44,720 Speaker 1: the case many times, UM, as it disrupts these things, 352 00:18:44,760 --> 00:18:47,920 Speaker 1: as it changes things, and it changes it for the better. UM. 353 00:18:48,000 --> 00:18:49,879 Speaker 1: If it wasn't better, it wouldn't change. But as it 354 00:18:49,960 --> 00:18:53,639 Speaker 1: changes things for the better. UM, it just creates fireworks. 355 00:18:53,920 --> 00:18:57,120 Speaker 1: And UM we see financial markets get reset. UM. It's 356 00:18:57,119 --> 00:19:00,159 Speaker 1: good and bad for different actors, different players. But one 357 00:19:00,200 --> 00:19:01,560 Speaker 1: of the things that typic comes out of this as 358 00:19:01,600 --> 00:19:06,840 Speaker 1: war unfortunately, and war then creates its own set of problems, 359 00:19:06,880 --> 00:19:10,520 Speaker 1: but it also helps to be the catalyst and and 360 00:19:10,560 --> 00:19:15,359 Speaker 1: really accelerate this change that's happening now. One thing that 361 00:19:15,560 --> 00:19:18,480 Speaker 1: I've talked about extensively if you've been tuning in, is 362 00:19:18,560 --> 00:19:23,000 Speaker 1: how the financial system is changing. UM specifically because of 363 00:19:23,040 --> 00:19:25,280 Speaker 1: a loss of trust in the financial system. And that's 364 00:19:25,280 --> 00:19:29,000 Speaker 1: specifically because of well, we can't trust people. The United 365 00:19:29,000 --> 00:19:33,040 Speaker 1: States has continued to torpedo their own financial system and 366 00:19:33,080 --> 00:19:36,840 Speaker 1: in trying to slap all these sanctions on Russia. UM, 367 00:19:36,920 --> 00:19:41,320 Speaker 1: because of this war situation, it's only sped up. The 368 00:19:41,400 --> 00:19:45,320 Speaker 1: inevitable switch will collapse and then switch to this new 369 00:19:45,359 --> 00:19:48,119 Speaker 1: financial system. We saw this week, which which was pretty 370 00:19:48,160 --> 00:19:51,960 Speaker 1: interesting is um is Russia has continued to try to 371 00:19:52,280 --> 00:19:55,840 Speaker 1: respond to the sanctions that have happened to them. And 372 00:19:56,000 --> 00:19:58,919 Speaker 1: as we've talked about before, if you're if you're just 373 00:19:58,960 --> 00:20:01,520 Speaker 1: tuning in, I'm trying to it's yup here. But UM, 374 00:20:01,560 --> 00:20:04,359 Speaker 1: you know, obviously you know about the word Russia. You 375 00:20:04,480 --> 00:20:06,960 Speaker 1: understand that the whole world is trying to sanction them, 376 00:20:06,960 --> 00:20:09,400 Speaker 1: trying to prevent people from doing business with them, helping 377 00:20:09,440 --> 00:20:12,120 Speaker 1: them move their money. But the one thing, the main 378 00:20:12,240 --> 00:20:15,000 Speaker 1: thing that Russia really supplies the world with his energy, 379 00:20:15,200 --> 00:20:18,880 Speaker 1: talking about oil and gas and so, um, the US 380 00:20:18,960 --> 00:20:20,960 Speaker 1: can say, hey, you can't deal with US dollars anymore. 381 00:20:20,960 --> 00:20:22,600 Speaker 1: As a matter of fact, they seized all their dollars, 382 00:20:22,640 --> 00:20:26,239 Speaker 1: their treasuries and Whatnotum, but Russia still has a lot 383 00:20:26,240 --> 00:20:28,639 Speaker 1: of energy to produce. Well, they could say, well, you 384 00:20:28,720 --> 00:20:31,520 Speaker 1: can't sell that for dollars anymore because you're not allowed 385 00:20:31,520 --> 00:20:34,480 Speaker 1: to use our financial system anymore. And so we saw 386 00:20:35,080 --> 00:20:38,240 Speaker 1: this week big news came out of Russia that um 387 00:20:38,240 --> 00:20:41,880 Speaker 1: Putin said that they will now start selling their energy, 388 00:20:41,920 --> 00:20:45,720 Speaker 1: e their oil and gas in rubles um that's their 389 00:20:45,760 --> 00:20:49,840 Speaker 1: local currency. So that's pretty interesting in turn of events, Like, 390 00:20:49,920 --> 00:20:52,600 Speaker 1: all of these things have an equal and opposite reaction, Right, 391 00:20:52,640 --> 00:20:55,640 Speaker 1: So if the US says, hey, you can't use US 392 00:20:55,680 --> 00:20:58,080 Speaker 1: dollars anymore, what what what happens? I mean, you don't 393 00:20:58,119 --> 00:21:00,560 Speaker 1: just go away and die. You don't have to figure 394 00:21:00,600 --> 00:21:05,440 Speaker 1: out another thing to do. And Russia has goods and services. 395 00:21:05,600 --> 00:21:09,520 Speaker 1: They have oil and gas that the world desperately needs. 396 00:21:10,400 --> 00:21:14,479 Speaker 1: The world desperately needs it. If if if if Russia 397 00:21:14,520 --> 00:21:18,400 Speaker 1: shut it off or the world couldn't buy it from Russia, 398 00:21:18,920 --> 00:21:22,480 Speaker 1: we would go into a severe depression. We the world 399 00:21:22,680 --> 00:21:27,720 Speaker 1: needs the oil and gas they produce, and so because 400 00:21:27,720 --> 00:21:30,159 Speaker 1: we need it, we're kind of in the in in 401 00:21:30,960 --> 00:21:34,520 Speaker 1: a tough situation. How do you sanction a nation and 402 00:21:34,560 --> 00:21:36,720 Speaker 1: say you can't sell your goods and services but the 403 00:21:36,760 --> 00:21:39,640 Speaker 1: world needs them. And of course, um, the United States 404 00:21:39,680 --> 00:21:44,520 Speaker 1: has danced around this issue saying that, um, well, well sanction, 405 00:21:44,680 --> 00:21:46,400 Speaker 1: but we won't sanction their energy kind of a thing. 406 00:21:47,640 --> 00:21:49,920 Speaker 1: But it's a very touchy situation. And so we saw 407 00:21:49,960 --> 00:21:51,480 Speaker 1: this week, like I said, Putin came out and said, 408 00:21:51,480 --> 00:21:53,440 Speaker 1: you know what, We're just gonna We're gonna sell our 409 00:21:53,520 --> 00:21:56,879 Speaker 1: own We're gonna sell our energy in our currency. So 410 00:21:56,920 --> 00:21:57,960 Speaker 1: if you want to buy it, then you have to 411 00:21:58,000 --> 00:22:01,199 Speaker 1: convert your currency into our rubles UM, and we'll do 412 00:22:01,240 --> 00:22:04,240 Speaker 1: it that way. Now, what's interesting with that is UM 413 00:22:04,400 --> 00:22:08,520 Speaker 1: we saw the UM. If you look at the currencies, 414 00:22:08,520 --> 00:22:10,879 Speaker 1: currencies trade against each other. So if you've ever been 415 00:22:10,920 --> 00:22:13,080 Speaker 1: to another country, you've had to exchange your currency for 416 00:22:13,160 --> 00:22:16,800 Speaker 1: another UM, and they trade at different points, meaning one 417 00:22:16,800 --> 00:22:19,000 Speaker 1: currency is stronger than the other. Well, when this war 418 00:22:19,119 --> 00:22:24,040 Speaker 1: broke out, the US dollar to ruble conversion which has 419 00:22:24,119 --> 00:22:28,359 Speaker 1: remained UM pretty stable for quite some time. As a 420 00:22:28,359 --> 00:22:31,679 Speaker 1: matter of fact, it's traded within a pretty tight range 421 00:22:31,840 --> 00:22:35,960 Speaker 1: for the last really two years or so, I meaning 422 00:22:36,000 --> 00:22:38,439 Speaker 1: it's been the US dollar to the ruble conversion has 423 00:22:38,440 --> 00:22:40,840 Speaker 1: been pretty stable for the last two years. But when 424 00:22:40,840 --> 00:22:43,480 Speaker 1: the war broke out, I mean all hell broke loose, 425 00:22:43,840 --> 00:22:46,680 Speaker 1: and we saw the ruble lose like over ninety percent 426 00:22:46,720 --> 00:22:50,240 Speaker 1: of its value to the dollar, just just plummeted because 427 00:22:50,560 --> 00:22:52,600 Speaker 1: no one would do business with Russia and nobody wanted 428 00:22:52,600 --> 00:22:55,160 Speaker 1: to use it. Nobody want to use that currency. But now, 429 00:22:55,200 --> 00:22:57,760 Speaker 1: all of a sudden, based off this announcement of Putin 430 00:22:57,800 --> 00:23:00,520 Speaker 1: saying now that he wants to sell all or energy, 431 00:23:00,520 --> 00:23:04,520 Speaker 1: which again the world desperately needs, back only for rubles. 432 00:23:04,560 --> 00:23:08,200 Speaker 1: We've seen the ruble gain almost thirty five per cent 433 00:23:08,560 --> 00:23:11,040 Speaker 1: on the US dollar. It's bouncing back really strong. Pretty 434 00:23:11,040 --> 00:23:13,920 Speaker 1: good move from Putin. Pretty interesting to see that play out. Now, 435 00:23:14,359 --> 00:23:16,760 Speaker 1: this is, this is, this is These are the small 436 00:23:16,840 --> 00:23:19,920 Speaker 1: moves if you're looking at it closely. The big move 437 00:23:20,080 --> 00:23:24,000 Speaker 1: is the world is moving away from dollars. That's the 438 00:23:24,040 --> 00:23:27,200 Speaker 1: big move. But these are small moves. And so right 439 00:23:27,200 --> 00:23:29,000 Speaker 1: now we're moving to the ruble. And I'm not saying 440 00:23:29,040 --> 00:23:31,360 Speaker 1: the ruble is going to replace the dollar, but we're 441 00:23:31,400 --> 00:23:34,080 Speaker 1: moving into is a d centralized world. Right to keep 442 00:23:34,080 --> 00:23:37,639 Speaker 1: talking about the decentralized revolution. So these are all small 443 00:23:37,760 --> 00:23:42,239 Speaker 1: moves that lead into this much bigger picture. But it's 444 00:23:42,320 --> 00:23:46,800 Speaker 1: very interesting now to counter that UM. We had UM 445 00:23:47,080 --> 00:23:49,520 Speaker 1: nations come out and denounced that. As a matter of fact, 446 00:23:49,560 --> 00:23:53,720 Speaker 1: we saw German Chancellor Olaf Schlatz and we had Italian 447 00:23:53,840 --> 00:23:57,119 Speaker 1: Premier Mario Draggy Um and there are other counterparts in 448 00:23:57,160 --> 00:24:00,240 Speaker 1: the EU nations. They told Russia, Nope, you can can't 449 00:24:00,240 --> 00:24:03,120 Speaker 1: do that. You can't make us pay in rubles UM. 450 00:24:03,200 --> 00:24:06,360 Speaker 1: You have to honor the payments for the energy exports 451 00:24:06,359 --> 00:24:09,280 Speaker 1: in the currency. That was stated in the contract, which 452 00:24:09,320 --> 00:24:15,120 Speaker 1: of course was typically u s dollars or euros, and um, well, 453 00:24:15,160 --> 00:24:17,040 Speaker 1: you know see how that plays out because gas prices 454 00:24:17,040 --> 00:24:19,919 Speaker 1: surged more than after Putting on Wednesday ordered the Russian 455 00:24:19,920 --> 00:24:22,400 Speaker 1: Central Make to develop a mechanism to force some countries 456 00:24:22,440 --> 00:24:24,760 Speaker 1: to make ruble payments for natural gas within a week. 457 00:24:25,640 --> 00:24:28,760 Speaker 1: But it says that the G seven, so the top 458 00:24:28,840 --> 00:24:31,200 Speaker 1: seven nations in the world, they're not happy about this. 459 00:24:31,840 --> 00:24:35,920 Speaker 1: They said that the agreements um are precise about the currency. 460 00:24:36,000 --> 00:24:37,679 Speaker 1: It says that we can pay in dollars and you 461 00:24:37,720 --> 00:24:40,200 Speaker 1: have to honor that. That's how it's done, and that's 462 00:24:40,200 --> 00:24:42,760 Speaker 1: what we're gonna pay with. And then Droggy from Italy 463 00:24:42,800 --> 00:24:45,320 Speaker 1: went on to say that any request for payment in 464 00:24:45,400 --> 00:24:49,920 Speaker 1: rubles would be a contract violation, and contracts are considered 465 00:24:50,000 --> 00:24:55,960 Speaker 1: violated if Russia will implement this condition. So your contracts violated. 466 00:24:55,960 --> 00:24:58,200 Speaker 1: But but what does Russia care? There's a war, right, 467 00:24:58,680 --> 00:25:02,280 Speaker 1: And then Austrian chance Lark Carl Niehammer said his nation 468 00:25:02,359 --> 00:25:05,560 Speaker 1: won't agree to an embargo on Russian gas or oil deliveries. 469 00:25:05,800 --> 00:25:08,840 Speaker 1: Ton reporters in Brussels that to sanction Russia energy would 470 00:25:08,880 --> 00:25:13,480 Speaker 1: be quote unrealistic, not only for Austria, but other EU 471 00:25:13,560 --> 00:25:17,680 Speaker 1: members such as Hungary, Czech Republic and Slovakia that you 472 00:25:17,840 --> 00:25:20,480 Speaker 1: should instead coordinate and focus on loopholes in the current 473 00:25:20,560 --> 00:25:24,720 Speaker 1: massive sanctions package. So they're saying, look, look, you can 474 00:25:24,760 --> 00:25:27,040 Speaker 1: try to sanction their oil. You can tell us that 475 00:25:27,080 --> 00:25:29,439 Speaker 1: we can't buy their oil, but that's that's unrealistic. In 476 00:25:29,520 --> 00:25:33,280 Speaker 1: his exact quote, we need it, we have to have it. 477 00:25:33,359 --> 00:25:35,800 Speaker 1: And so um drag can sit here and say, hey, 478 00:25:35,800 --> 00:25:37,680 Speaker 1: that's a contract violation. You said in the contract we 479 00:25:37,680 --> 00:25:39,520 Speaker 1: can pay you in dollars, but what does Russia care. 480 00:25:39,600 --> 00:25:41,679 Speaker 1: Russia's like, hey, we can tell you we're gonna pay 481 00:25:41,800 --> 00:25:43,280 Speaker 1: you know, we're gonna We're gonna sell it whatever, we're 482 00:25:43,280 --> 00:25:44,440 Speaker 1: gonna sell it in. If you want it, you gotta 483 00:25:44,440 --> 00:25:46,679 Speaker 1: pay for it. And so again, I'm not I'm not 484 00:25:46,680 --> 00:25:48,399 Speaker 1: here trying to choose sides. I'm not saying which one 485 00:25:48,440 --> 00:25:50,520 Speaker 1: is good, which one is bad. But it's interesting that 486 00:25:50,560 --> 00:25:54,760 Speaker 1: we're literally witnessing the breakdown of the global financial system 487 00:25:54,800 --> 00:25:59,160 Speaker 1: as we know it, and so um just can we'll 488 00:25:59,240 --> 00:26:02,840 Speaker 1: just continue to see that escalate. Of course, bitcoin and 489 00:26:02,880 --> 00:26:05,480 Speaker 1: cryptocurrencies being the big beneficiary of this, we've seen the 490 00:26:05,480 --> 00:26:08,679 Speaker 1: price of bitcoin has continued to blow up higher and 491 00:26:08,800 --> 00:26:11,560 Speaker 1: higher or bounced back. I should say, as a matter 492 00:26:11,560 --> 00:26:13,720 Speaker 1: of fact, um, just in the last couple of weeks, 493 00:26:13,760 --> 00:26:16,800 Speaker 1: we're up about in the price of bitcoin. We're up 494 00:26:16,840 --> 00:26:20,280 Speaker 1: to over forty four thousand dollars. It's still trading within 495 00:26:20,320 --> 00:26:22,680 Speaker 1: a range, so I mean, it's it's down from its 496 00:26:22,760 --> 00:26:25,359 Speaker 1: high that it had made back in November of last 497 00:26:25,440 --> 00:26:29,719 Speaker 1: year at about sixty seven thousand dollars um. However, you know, 498 00:26:29,720 --> 00:26:31,760 Speaker 1: it's been kind of walloming in this thirty to forty 499 00:26:32,119 --> 00:26:34,959 Speaker 1: dollar range, and we're up over forty four thousand dollars 500 00:26:34,960 --> 00:26:37,919 Speaker 1: at the time we speak right now, So it's certainly 501 00:26:38,400 --> 00:26:42,439 Speaker 1: responding and maybe it's responding to that. It's also responding 502 00:26:42,480 --> 00:26:44,280 Speaker 1: to the Florida just announced that they were going to 503 00:26:44,480 --> 00:26:49,320 Speaker 1: accept bitcoin for taxes. Florida Governor de Santa said, we 504 00:26:49,359 --> 00:26:53,040 Speaker 1: will accept bitcoin for state taxes. That's a pretty big deal. 505 00:26:54,040 --> 00:26:56,280 Speaker 1: At as signing ceremony tuesday for a built to mandate 506 00:26:56,320 --> 00:26:59,280 Speaker 1: high school financial literacy classes, Descenter said, I've told the 507 00:26:59,280 --> 00:27:01,240 Speaker 1: state agencies to figure out ways where if a business 508 00:27:01,280 --> 00:27:04,080 Speaker 1: wants to pay tax in bitcoin to Florida, we should 509 00:27:04,119 --> 00:27:07,520 Speaker 1: be willing to accept that. Um. He said, they're working 510 00:27:07,560 --> 00:27:11,400 Speaker 1: on it, and of course we know um Miami friend 511 00:27:11,960 --> 00:27:14,040 Speaker 1: mayor friends, the Francis Suarez has been working on that 512 00:27:14,119 --> 00:27:17,480 Speaker 1: for a while. We also know that in Colorado they've 513 00:27:17,520 --> 00:27:21,920 Speaker 1: also passed a similar bill to pay state fees in bitcoin. 514 00:27:22,640 --> 00:27:25,000 Speaker 1: You're listening to the markmas Show talking about bitcoin, the 515 00:27:25,000 --> 00:27:28,919 Speaker 1: decentralized revolution, the way the global financial system is changing 516 00:27:29,000 --> 00:27:31,200 Speaker 1: right before our very eyes. I got a lot more 517 00:27:31,200 --> 00:27:33,440 Speaker 1: to go. Do not go away. I'll be right back, 518 00:27:34,040 --> 00:27:36,200 Speaker 1: all right, Welcome back here, listening to the Mark mass Show. 519 00:27:36,240 --> 00:27:39,920 Speaker 1: We're talking about the decentralized revolution that we are going 520 00:27:39,960 --> 00:27:41,840 Speaker 1: through right now as the world. We're talking about the 521 00:27:41,840 --> 00:27:46,960 Speaker 1: way that politics and the finance system is colliding, and 522 00:27:47,000 --> 00:27:50,400 Speaker 1: it's really the technology being the catalyst for that. It's 523 00:27:50,400 --> 00:27:52,239 Speaker 1: been pretty amazing to watch it if you're if you're 524 00:27:52,280 --> 00:27:54,680 Speaker 1: watching the play by play, and I'm giving you the 525 00:27:54,720 --> 00:27:56,680 Speaker 1: play by play each and every week, if you're tuning 526 00:27:56,720 --> 00:27:59,840 Speaker 1: into the Mark Moss Show. Before the break, we are 527 00:27:59,840 --> 00:28:04,280 Speaker 1: talking talking about how this this Russia Ukraine thing and 528 00:28:04,320 --> 00:28:06,119 Speaker 1: some of the problems creating some of it, which is 529 00:28:06,160 --> 00:28:09,679 Speaker 1: that Russia has oil and natural gas energy that the 530 00:28:09,720 --> 00:28:14,239 Speaker 1: world desperately needs, and how the US is being very 531 00:28:14,240 --> 00:28:17,679 Speaker 1: careful about trying to sanction that and how um Putin 532 00:28:17,760 --> 00:28:19,880 Speaker 1: said that you have to you know, now, any nation 533 00:28:19,920 --> 00:28:22,280 Speaker 1: that once their energy has to start buying in rubles. Um. 534 00:28:22,359 --> 00:28:24,760 Speaker 1: Some nations are saying, well, that's that's a that's a 535 00:28:25,280 --> 00:28:31,040 Speaker 1: that's a contract violation. But um, some nations are saying wealth. Shoot, uh, 536 00:28:31,160 --> 00:28:32,600 Speaker 1: we we can't go without it, so I guess we'll 537 00:28:32,600 --> 00:28:33,600 Speaker 1: do it ever we have to do. So it's gonna 538 00:28:33,600 --> 00:28:35,679 Speaker 1: be interesting see how that plays out. We have a 539 00:28:35,720 --> 00:28:38,560 Speaker 1: Biden calling for um Putin to be kicked out of 540 00:28:38,560 --> 00:28:42,160 Speaker 1: the G seven or I'm sorry, even the G twenty. Um, 541 00:28:42,240 --> 00:28:44,040 Speaker 1: so what does that mean? The G twenty, that's the 542 00:28:44,120 --> 00:28:47,720 Speaker 1: twenty largest nations in the world's as Biden calls for 543 00:28:47,800 --> 00:28:52,480 Speaker 1: Russia to be removed from the G twenty. Um, you know, 544 00:28:52,520 --> 00:28:56,360 Speaker 1: because of the whole situation that's going on. Um. And 545 00:28:56,560 --> 00:29:00,120 Speaker 1: uh he also said because he by the way, if 546 00:29:00,120 --> 00:29:02,560 Speaker 1: you didn't know, Biden went over to Europe this week 547 00:29:02,600 --> 00:29:04,960 Speaker 1: and he was over there talking to Germany and Italy 548 00:29:05,040 --> 00:29:07,640 Speaker 1: about this and so, um, you know, he he called 549 00:29:07,680 --> 00:29:09,360 Speaker 1: for them to kick them out of the G twenty, 550 00:29:09,440 --> 00:29:12,400 Speaker 1: which was which was pretty interesting. Um. He was warning 551 00:29:12,440 --> 00:29:15,840 Speaker 1: that Putin is going to attempt to break up NATO. 552 00:29:16,280 --> 00:29:17,840 Speaker 1: But some of the things he said is Biden said 553 00:29:17,880 --> 00:29:21,560 Speaker 1: to expect real food shortages. He said that the world 554 00:29:21,560 --> 00:29:24,120 Speaker 1: would experience food shortages as a result of the Russia's 555 00:29:24,280 --> 00:29:27,040 Speaker 1: invasion of Ukraine, and production increases were a subject of 556 00:29:27,080 --> 00:29:30,440 Speaker 1: discussion at the Group seven meeting, and so he says, quote, 557 00:29:30,520 --> 00:29:35,719 Speaker 1: it's going to be real, so you can plan for that. Um. 558 00:29:35,760 --> 00:29:37,920 Speaker 1: But the other thing that you have to be planning for, 559 00:29:38,360 --> 00:29:41,520 Speaker 1: because it's all about oil, it's all about energy, is 560 00:29:41,560 --> 00:29:45,400 Speaker 1: you need to be prepared for oil prices and more importantly, 561 00:29:45,520 --> 00:29:49,400 Speaker 1: gasoline prices to go up and not come back down. 562 00:29:49,400 --> 00:29:53,240 Speaker 1: Now what's interesting is before as soon as Biden took office, 563 00:29:55,000 --> 00:29:57,680 Speaker 1: long before any war with Russia, I was on the 564 00:29:57,680 --> 00:30:00,520 Speaker 1: horizon as soon as Biden took office at the national 565 00:30:00,520 --> 00:30:02,800 Speaker 1: gas average was about two dollars and thirty cents a 566 00:30:02,840 --> 00:30:07,240 Speaker 1: gallon at the time. And I predicted on my YouTube 567 00:30:07,320 --> 00:30:09,600 Speaker 1: channel and on Twitter. By the way, if you're not 568 00:30:09,640 --> 00:30:11,800 Speaker 1: follow me on on YouTube, you should. It's just search 569 00:30:11,880 --> 00:30:14,160 Speaker 1: Mark Moss on YouTube or on Twitter. You can find 570 00:30:14,160 --> 00:30:18,040 Speaker 1: me at one Mark moss Um. I predicted that gas 571 00:30:18,080 --> 00:30:21,040 Speaker 1: would be ten dollars a gallon before Biden left office. 572 00:30:21,600 --> 00:30:25,560 Speaker 1: This is long before there was a war on the horizon. Um, 573 00:30:25,680 --> 00:30:27,640 Speaker 1: and uh, here we are in l A at seven 574 00:30:27,640 --> 00:30:29,800 Speaker 1: fifty a gallon already in a year. And I'm like, dang, 575 00:30:29,840 --> 00:30:32,720 Speaker 1: maybe maybe my prediction was to uh too too short. 576 00:30:33,160 --> 00:30:34,480 Speaker 1: But the one thing that we do know for sure 577 00:30:34,520 --> 00:30:36,320 Speaker 1: is that gas prices are going to continue to go higher. 578 00:30:36,480 --> 00:30:39,320 Speaker 1: Oil and gas was continue to suffer from this. Someone 579 00:30:39,360 --> 00:30:42,080 Speaker 1: asked me, I think yesterday, Um, do I think prices 580 00:30:42,080 --> 00:30:45,160 Speaker 1: will go back down? And and the answer is no, 581 00:30:45,640 --> 00:30:48,560 Speaker 1: I really don't, So be prepared for that. It's only 582 00:30:48,600 --> 00:30:51,200 Speaker 1: going to get continue to get worse. Now. Um, there's 583 00:30:51,200 --> 00:30:53,680 Speaker 1: different ways that you can prepare for that, and one 584 00:30:53,720 --> 00:30:56,000 Speaker 1: of which here in the state of California is pretty interesting. 585 00:30:56,720 --> 00:31:00,800 Speaker 1: Good old Governor Newsom has decided to you know, bribe 586 00:31:00,800 --> 00:31:02,800 Speaker 1: you off. You know, for the last two years, he's 587 00:31:02,840 --> 00:31:06,320 Speaker 1: been the most restrictive, most strict dictator in the entire 588 00:31:06,400 --> 00:31:09,640 Speaker 1: United States. And uh, he knows that midterms are coming 589 00:31:09,680 --> 00:31:11,520 Speaker 1: up and he's probably gonna get voted out. So what 590 00:31:11,560 --> 00:31:13,280 Speaker 1: am I gonna do. Let me just buy a bunch 591 00:31:13,280 --> 00:31:17,600 Speaker 1: of votes. So Newsom offers California car owners four hundred 592 00:31:17,640 --> 00:31:24,760 Speaker 1: dollars in rebates UM in order to help offset these 593 00:31:24,840 --> 00:31:29,840 Speaker 1: gas prices and and UM a partial gas tax pause. 594 00:31:30,480 --> 00:31:32,200 Speaker 1: So what does that mean? So, if you're not aware, 595 00:31:32,360 --> 00:31:35,280 Speaker 1: California has the highest prices of gas in the nation. 596 00:31:35,680 --> 00:31:37,640 Speaker 1: And part of the reason why, in addition to all 597 00:31:37,680 --> 00:31:40,600 Speaker 1: the clean air initiatives they put on, but part of 598 00:31:40,600 --> 00:31:44,840 Speaker 1: it is because they have the highest tax so they 599 00:31:44,960 --> 00:31:47,560 Speaker 1: you know, as gasoline tax. And by the way, everyone 600 00:31:47,600 --> 00:31:50,400 Speaker 1: says if you don't pay taxes, what happens with the roads, Well, 601 00:31:50,440 --> 00:31:52,440 Speaker 1: the roads aren't paid through your taxes. The taxes the 602 00:31:52,920 --> 00:31:56,160 Speaker 1: roads are paid through gasoline taxes. Also, you've been hearing 603 00:31:56,400 --> 00:32:01,800 Speaker 1: lately there's been talking about um. Crack myself up thinking 604 00:32:01,800 --> 00:32:04,320 Speaker 1: about it. The government wants to track the mileage you 605 00:32:04,440 --> 00:32:06,760 Speaker 1: drive because they want to start charging you tax on 606 00:32:06,800 --> 00:32:09,400 Speaker 1: the mileage you drive. But isn't that already paid through 607 00:32:09,400 --> 00:32:12,880 Speaker 1: the gas? Uh? The more I drive, the more tax 608 00:32:12,920 --> 00:32:15,120 Speaker 1: I pay on my gas. But anyway, it's another story. 609 00:32:15,640 --> 00:32:18,400 Speaker 1: But they say that gavinor News Gavin News him is 610 00:32:18,400 --> 00:32:21,600 Speaker 1: proposing a nine billion dollar tax refund aimed at registered 611 00:32:21,640 --> 00:32:24,440 Speaker 1: drivers in California, given them fours to health offset the 612 00:32:24,560 --> 00:32:32,760 Speaker 1: recent spike in gas prices. Um. He says that four 613 00:32:32,800 --> 00:32:36,240 Speaker 1: in dollars per registered vehicle, up to two per person. 614 00:32:36,800 --> 00:32:39,840 Speaker 1: We're also proposing grants so public transit can be free 615 00:32:39,880 --> 00:32:42,480 Speaker 1: for three months because what gas prices are going to 616 00:32:42,560 --> 00:32:46,080 Speaker 1: magically come down after three months. That's kind of interesting. 617 00:32:46,120 --> 00:32:48,400 Speaker 1: I'm sure he's gonna have to extend that, UM, but 618 00:32:48,480 --> 00:32:52,040 Speaker 1: it's interesting. I like it, uh in a sense for 619 00:32:52,200 --> 00:32:55,480 Speaker 1: one selfish reason. And that selfish reason is that I 620 00:32:55,520 --> 00:32:58,160 Speaker 1: have been ineligible for any type of stimulus over the 621 00:32:58,200 --> 00:33:00,400 Speaker 1: last two years because I make over seventy five thou 622 00:33:00,600 --> 00:33:04,080 Speaker 1: dollars a year. But this says that every person with 623 00:33:04,120 --> 00:33:06,720 Speaker 1: a car would be getting four hundred dollars, it says 624 00:33:06,840 --> 00:33:10,680 Speaker 1: UM for each vehicle they have registered. He says specifically, 625 00:33:10,680 --> 00:33:13,160 Speaker 1: this does not it says the Governor's office says eligibility 626 00:33:13,160 --> 00:33:15,880 Speaker 1: for the proposed foreign alar rebates would not or would 627 00:33:15,880 --> 00:33:20,600 Speaker 1: be based on vehicle registration, not tax records. So I 628 00:33:20,720 --> 00:33:23,520 Speaker 1: might finally be able to get a little bit of 629 00:33:23,520 --> 00:33:26,440 Speaker 1: stimulus because shoot, man, my cost have gone up to 630 00:33:26,560 --> 00:33:28,800 Speaker 1: like everybody else, but I guess I make more than 631 00:33:28,880 --> 00:33:31,200 Speaker 1: so I wasn't eligible for anything. But maybe I'll get 632 00:33:31,200 --> 00:33:35,440 Speaker 1: this four hundred bucks UM, which is interesting. Um, he 633 00:33:35,600 --> 00:33:40,520 Speaker 1: said something that I thought was pretty ridiculous though, um 634 00:33:40,560 --> 00:33:43,920 Speaker 1: about this specifically, which, like I said, I mean selfishly, 635 00:33:43,960 --> 00:33:45,160 Speaker 1: I guess I kind of like it for that. But 636 00:33:45,200 --> 00:33:49,320 Speaker 1: he says Newsom wants tax rebate and touch quote the 637 00:33:49,520 --> 00:33:54,920 Speaker 1: California way of governing, the California way of governing. So 638 00:33:55,000 --> 00:33:58,920 Speaker 1: what is that? What is the California way of governing governing? 639 00:33:59,000 --> 00:34:02,800 Speaker 1: Is that is that to just give money away? That's 640 00:34:02,840 --> 00:34:05,200 Speaker 1: what That's what the California way is in the California. 641 00:34:05,240 --> 00:34:08,000 Speaker 1: We have the sanctuary city. Um, right, we have all 642 00:34:08,040 --> 00:34:10,400 Speaker 1: these different things that we give away, um, all these 643 00:34:10,440 --> 00:34:12,520 Speaker 1: different grants. So I guess that's what he means by 644 00:34:12,520 --> 00:34:17,759 Speaker 1: the California way of governing, give money away. But um, 645 00:34:17,840 --> 00:34:20,440 Speaker 1: you know, hopefully it'll it'll give a little bit of support. 646 00:34:20,520 --> 00:34:25,839 Speaker 1: But don't think that this is because of the war 647 00:34:25,920 --> 00:34:29,200 Speaker 1: with Russia and it's going to go away. As I said, 648 00:34:29,320 --> 00:34:31,320 Speaker 1: I predicted gas prices will be ten bucks a gallon 649 00:34:31,719 --> 00:34:34,279 Speaker 1: when Biden took office, long before there was any ever 650 00:34:34,440 --> 00:34:38,240 Speaker 1: idea or thought of a war. What it's really because 651 00:34:38,400 --> 00:34:41,800 Speaker 1: is because of a war on energy. I made a 652 00:34:41,920 --> 00:34:44,319 Speaker 1: video on my YouTube channel. Um, you can search it 653 00:34:44,320 --> 00:34:49,600 Speaker 1: it's called warning. What's it called? Um? Just look at 654 00:34:49,600 --> 00:34:51,480 Speaker 1: my YouTube channels. The it's the most watched videos, got 655 00:34:51,480 --> 00:34:53,840 Speaker 1: almos about a million views on it. And I predicted 656 00:34:53,920 --> 00:34:56,319 Speaker 1: about two years ago that we would go into this 657 00:34:56,400 --> 00:34:58,200 Speaker 1: energy crisis that we're into right now. And the reason 658 00:34:58,239 --> 00:34:59,799 Speaker 1: why I was able to predict that is because it's 659 00:34:59,800 --> 00:35:02,680 Speaker 1: all all based off of policy. In the in the 660 00:35:02,719 --> 00:35:06,640 Speaker 1: state of California, they've attacked energy, shutting down all the 661 00:35:06,680 --> 00:35:10,359 Speaker 1: gas generation plans, shutting down nuclear power plants. Um. And 662 00:35:10,400 --> 00:35:12,239 Speaker 1: what do you think is going to happen? Well, if 663 00:35:12,239 --> 00:35:14,799 Speaker 1: you shut down energy and you don't replace it, you 664 00:35:15,000 --> 00:35:18,000 Speaker 1: end up with shortages. Amazing how that works, right? And 665 00:35:18,040 --> 00:35:20,120 Speaker 1: when you end up with shortage is what happens? Oh yeah, 666 00:35:20,120 --> 00:35:22,200 Speaker 1: prices go up on top of that. And in the 667 00:35:22,280 --> 00:35:23,879 Speaker 1: video I said, I think it was a warning. What's 668 00:35:23,880 --> 00:35:25,719 Speaker 1: happening to California's coming for the rest of the world. 669 00:35:25,760 --> 00:35:28,320 Speaker 1: I believe it's the title of that video and um, 670 00:35:28,400 --> 00:35:29,680 Speaker 1: and I said, it's coming for the rest of the world. 671 00:35:29,719 --> 00:35:30,759 Speaker 1: And the reason why I knew was coming for the 672 00:35:30,800 --> 00:35:32,680 Speaker 1: rest of the world is because it was based off 673 00:35:32,719 --> 00:35:35,360 Speaker 1: of policy, and I knew they would do the exact 674 00:35:35,360 --> 00:35:37,680 Speaker 1: same policies and the reason why I predicted ten dollar 675 00:35:37,960 --> 00:35:41,000 Speaker 1: gallon gas when Biden took offices because the very first 676 00:35:41,120 --> 00:35:43,640 Speaker 1: day he was in office, the very first day, the 677 00:35:43,680 --> 00:35:46,719 Speaker 1: most important thing he could do, apparently was designed an 678 00:35:46,719 --> 00:35:49,319 Speaker 1: executive order to shut down pipeline, shut down gas and 679 00:35:49,400 --> 00:35:52,920 Speaker 1: oil exploration, and to put the United States back into 680 00:35:52,920 --> 00:35:56,560 Speaker 1: the Paris Accord. And so that was an attack on oil. 681 00:35:56,640 --> 00:36:00,920 Speaker 1: He nominated Amarova saw A Salamarova for uh UM Comptroller 682 00:36:00,880 --> 00:36:03,400 Speaker 1: of Currency. She didn't get elected, but he nominated her, 683 00:36:03,440 --> 00:36:07,320 Speaker 1: and she said, quote, we want oil companies do go bankrupt. 684 00:36:09,080 --> 00:36:12,400 Speaker 1: So what do you think is gonna happen your bankrupt 685 00:36:12,400 --> 00:36:15,480 Speaker 1: oil companies. They're not going to invest any new money 686 00:36:15,520 --> 00:36:17,520 Speaker 1: into technology. They're not going to invest in new money 687 00:36:17,560 --> 00:36:20,319 Speaker 1: into exploration, which means we're gonna have a shortage. We 688 00:36:20,360 --> 00:36:22,120 Speaker 1: have a shortage where the thing is gonna happen. Pribacely 689 00:36:22,120 --> 00:36:24,399 Speaker 1: is gonna go up. It's not rocket science, but I'm 690 00:36:24,400 --> 00:36:26,520 Speaker 1: here to explain it to you play by play. Just 691 00:36:26,560 --> 00:36:29,439 Speaker 1: make sure you're bracing for that inpuct impact because it's coming. 692 00:36:29,480 --> 00:36:31,799 Speaker 1: By the way, you're listening to the Mark Moss Show, 693 00:36:31,960 --> 00:36:35,920 Speaker 1: we're talking about the intersection of politics, finance, and technology, 694 00:36:35,960 --> 00:36:38,839 Speaker 1: trying to bring it all into context of what's going 695 00:36:38,880 --> 00:36:42,160 Speaker 1: on today, and it's all being driven by the technology. 696 00:36:42,200 --> 00:36:46,000 Speaker 1: Of course. I'm talking about the decentralized revolution being led 697 00:36:46,000 --> 00:36:50,919 Speaker 1: by bitcoin and cryptocurrencies. It's coming and you can choose 698 00:36:50,960 --> 00:36:52,920 Speaker 1: to either be a part of it or be left behind. 699 00:36:53,560 --> 00:36:55,680 Speaker 1: That part is up to you. My job is just 700 00:36:55,760 --> 00:36:57,960 Speaker 1: to continue to fill you in on what's going on. 701 00:36:59,360 --> 00:37:01,440 Speaker 1: Hit me up with a message on Twitter at one 702 00:37:01,480 --> 00:37:03,040 Speaker 1: Mark Moss. I'd love to hear from you. Let me 703 00:37:03,040 --> 00:37:04,920 Speaker 1: know you're listening. Send me a question, I'd love to 704 00:37:04,960 --> 00:37:06,719 Speaker 1: answer it for you. That's what I got for you today. 705 00:37:06,719 --> 00:37:07,600 Speaker 1: All right, thanks for listening.