Speaker 1: Welcome to another episode of The Mark Moss Show, where
Speaker 1: we talk about the intersection of politics, finance, and technology.
Speaker 1: We're talking about the decentralized revolution. We're talking about the
Speaker 1: way the world is changing right before our very eyes.
Speaker 1: It's full of opportunities, it's full of problems, it's full
Speaker 1: of exciting changes and developments, and it's full of scary changes,
Speaker 1: especially if you're not position to take advantage of them.
Speaker 1: But whether you see it or not, whether you like
Speaker 1: it or not, the world is changing. And so it's
Speaker 1: up to you. You can decide to either be a
Speaker 1: part of it and take advantage of it, or you
Speaker 1: can decide to get mad and ignore it. But my
Speaker 1: favorite author, well not my favorite author, one an author
Speaker 1: I like, we'll say that. Sorry, I'm talking about iron
Speaker 1: rand A Quotura all the time. She says that you
Speaker 1: can choose to ignore reality, but you cannot ignore the
Speaker 1: consequences of reality. And so the reality is the world
Speaker 1: is changing, and uh, you can keep waiting for things
Speaker 1: to go back to normal, but there ain't. There ain't there,
Speaker 1: There is no normal. There ain't going back the way
Speaker 1: they ever were, and that's because technology changes things. Um,
Speaker 1: you know, politically, socially, culturally, financially, um. Things kind of
Speaker 1: repeat over and over and over. But it's technology that changes,
Speaker 1: and it's the technology that changes the way that we work, organized, communicate,
Speaker 1: and so that we're not going back. Now. A lot
Speaker 1: of people, particularly the governments, they want to stop technology,
Speaker 1: which is amazing. Um, if you think about, you know,
Speaker 1: the whole world three years ago, pretty much the whole
Speaker 1: world was dirt. And UM. When I say dirt, I
Speaker 1: mean we you know, we didn't have structures over like
Speaker 1: two stories high, right, we had bricks two maybe two
Speaker 1: or three stories high, and that was it. Right. We
Speaker 1: didn't have any electricity, we had no we had nothing.
Speaker 1: It wasn't until the Distrial Revolution about two years ago
Speaker 1: that we started to actually get some stuff besides this
Speaker 1: living in the dirt, on the on the on the farms,
Speaker 1: in the fields. And um, in the last two years,
Speaker 1: we've had steel which allowed us build skyscrapers and bridges
Speaker 1: and electricity and all these things. And it's technology and
Speaker 1: then through that as allowed us to specialize our labor.
Speaker 1: And then we have massive improvements in science and technology
Speaker 1: and sanitation, and that's allowed our life expectancy to go
Speaker 1: up and all these amazing things. And so progress has
Speaker 1: been amazing. You know, I used to have to buy
Speaker 1: film and I could take thirty I think it was
Speaker 1: a thirty two pictures on my camera, and now I
Speaker 1: can take a million just on my phone. Right. Progress
Speaker 1: is amazing. It allows us to do all types of
Speaker 1: things like we're doing right now, work from home. But
Speaker 1: the politicians, the powers that be want to stop it
Speaker 1: because they don't like the progress. But they can't be stopped.
Speaker 1: Technologies here no matter what. And one of the ways
Speaker 1: that the world is changing is that over the last
Speaker 1: two or fifty years, the world has been becoming centralized. Um,
Speaker 1: the the industrial revolution lad people out of the farms
Speaker 1: and fields into the cities and factories and begin it
Speaker 1: began this a whole move towards centralization. We have these
Speaker 1: giant corporations and these giant companies and all these things.
Speaker 1: And now that trend is reversing. And I've been talking
Speaker 1: about this, so I talked about the decentralized revolution, and
Speaker 1: now things are starting to reverse. And the Internet is
Speaker 1: what really enabled that to start happening. And so now
Speaker 1: you know, via zoom, people can work from anywhere and um,
Speaker 1: instead of these big giant companies, Now we have all
Speaker 1: these small companies. Need is big building with all these people.
Speaker 1: Now I just have people working remotely all over the
Speaker 1: world kind of thing. And so it's technology that's really
Speaker 1: changing that. And then of course through the through the pandemic,
Speaker 1: it really accelerated that. Right, we saw that everyone was
Speaker 1: forced to work from home. So even companies that thought
Speaker 1: no way I could ever have my workforce working from
Speaker 1: home found out, shoot, actually I can kind of works
Speaker 1: pretty good. And people that said no way I could
Speaker 1: ever work from home, Um, I need to be in
Speaker 1: the office, found out, actually, I like working from home.
Speaker 1: And so it was this massive catalyst that pushed people
Speaker 1: to do things they never would have done ordinarily. Um,
Speaker 1: once that genius out of the bottle and ain't going back.
Speaker 1: And that's exactly what we've seen. We're seeing, Uh, even
Speaker 1: though companies are able to go back to work, they
Speaker 1: don't want to. Latest this week we saw I saw
Speaker 1: on the Wall Street Journal Mark Zuckerberg from Facebook and
Speaker 1: now Meta said that they are now taking remote work
Speaker 1: to the extreme. I said, executives are scattering two locations
Speaker 1: far from Silicon Valley headquarters working from Hawaiike, cod Europe, etcetera.
Speaker 1: And so you know in the United States. You know,
Speaker 1: we have some beautiful places in the United States, Idaho, Montana,
Speaker 1: you know, Colorado, but if you really want to be successful,
Speaker 1: you had to move to the city. You had to
Speaker 1: be in San Francisco or Los Angeles or New York
Speaker 1: City something like that. Well, now people can be wherever.
Speaker 1: That's why we're seeing real estate prices go crazy in
Speaker 1: places like Idaho, Montana, Wyoming, etcetera. Uh, I don't know.
Speaker 1: Two months ago, I drove I drove well, uh, I
Speaker 1: don't know. It's not in northern California, about six hours
Speaker 1: north of where I live as a Mammoth Mountains snow
Speaker 1: ski snowboard place here in California. And we're driving back
Speaker 1: and I remember talking to my daughter and I was like,
Speaker 1: it's about six hour drive. For like the first four
Speaker 1: hours driving back, you don't see anything. I mean, it's
Speaker 1: just nothing, right, And then you get to the l
Speaker 1: A and then you start getting all the traffic and
Speaker 1: stuff like that, and it's like as crowded as California is,
Speaker 1: it's really not that crowded. Um, it's just people are
Speaker 1: in the cities but now people are able to move
Speaker 1: all over the place, and not just into Colorado way,
Speaker 1: I mean, I know, but they can move down to
Speaker 1: Mexico or El Salvador or whatever they want. And so
Speaker 1: we're seeing that pick up. As a matter of fact,
Speaker 1: like I said here, Facebook says um the company's management,
Speaker 1: including chief executive Mark Zuckerberg, is scattering to locations far
Speaker 1: from its Silicon Valley headquarters and extreme test of the
Speaker 1: limits of remote work. It says, quote, the past few
Speaker 1: years have brought new possibilities around the ways we connect
Speaker 1: and work, and said spokesman Tracy Clayton, um, quote we
Speaker 1: believe that how people work is far more important than
Speaker 1: where they work from. And so um, if medic can
Speaker 1: do it and all these other companies can do it,
Speaker 1: then then everyone else can. And this is a trend
Speaker 1: that's going to continue. This is part of the decentralized revolution. Now,
Speaker 1: if we're working from anywhere, then we need tools to
Speaker 1: do that. So we need obviously Zoom is a good one.
Speaker 1: Facebook is you know, they change their name to Meta.
Speaker 1: I suppose they're building out this whole metaverse, and maybe
Speaker 1: that's going to be a new way that it can work.
Speaker 1: What's cool is that you know, companies like this will
Speaker 1: be pioneering, this will be putting a bunch of money
Speaker 1: into all these new tools and ways to do this ways,
Speaker 1: like I said, the ways we communicate, organizing to communicate
Speaker 1: um and then that technology. Those things will then start
Speaker 1: trickling down to other people, like US Medicine in June
Speaker 1: that it would allow all full time employees to apply
Speaker 1: to work from home if their jobs allowed it, and
Speaker 1: says Meta has shifted to a hybrid model that allows
Speaker 1: most employees, including top executives, to work from wherever they
Speaker 1: deem best. Man, that's pretty cool. So like I could
Speaker 1: go as long as you have internet, and now like
Speaker 1: with elon usk starlink, I can get a satellite dish
Speaker 1: it's about size of a coffee table, and I could
Speaker 1: have broadband internet anywhere in the world. I can go
Speaker 1: to the South Pacific and live on a little island
Speaker 1: and they have broadband. I could work from there. Now
Speaker 1: that's pretty cool. And so this is the only going
Speaker 1: to continue, and you know, we'll see more of these
Speaker 1: tools really starting to develop, and that would, like I said,
Speaker 1: we'll trickle down to the rest of us, and we'll
Speaker 1: need tools to communicate better. So, like I said, like
Speaker 1: the zoom and whatnot, UM, but then we also need
Speaker 1: a money. We also need a money that can work
Speaker 1: like that, and so we need a money that's truly
Speaker 1: global and that can be sent. Now, the problem with
Speaker 1: the current financial system is it's UM. It's permissioned, so
Speaker 1: it takes you have to have permission to join it.
Speaker 1: That's why about two billion adults, about half the adults,
Speaker 1: more than half the adults in the world today have
Speaker 1: no access to the financial system because they don't have permission.
Speaker 1: And in order to send money around the world, it's
Speaker 1: very difficult because each country has their own walled garden,
Speaker 1: if you will, UM, and so there's all these gateways
Speaker 1: that money has to go in and out, and then
Speaker 1: they want to extract all these heavy fees and depend
Speaker 1: on where you're at in the world and how much
Speaker 1: money you're sending, you can spend of the of the
Speaker 1: amount you're sending could be eaten up in fees. And
Speaker 1: so in addition to that, it makes it very inconvenient
Speaker 1: or really unprofitable to send small amounts of money. So,
Speaker 1: for example, how could you send ten cents today to
Speaker 1: somebody in another country ten cents the answers you can't,
Speaker 1: and so we need a money that's both borderless, permission less,
Speaker 1: UM and instantaneous and free. And of course bitcoin works
Speaker 1: perfectly into that decentralized revolution peace UM. And that's just
Speaker 1: one way that we're seeing that happen. Meta is kind
Speaker 1: of leading the way, UM, but that's not the only way.
Speaker 1: Like I said, with bitcoin really opening that up, we're
Speaker 1: seeing more and more UM people jumping into that. As
Speaker 1: a matter of fact, UM, one of the biggest names
Speaker 1: in finance, actually to two of the biggest names in
Speaker 1: finance announced this week that they are getting into bitcoin
Speaker 1: and cryptocurrencies. That is big news too. I mean I'm
Speaker 1: talking the biggest names. I'm gonna tell you about those. Also,
Speaker 1: there's two states that have opened it up. That's pretty amazing,
Speaker 1: big big news. I got a couple of those stories
Speaker 1: to talk about. In a minute, you're listening to the
Speaker 1: Mark ma Show talking about the decentralized revolution, talking about
Speaker 1: the intersection of politics, finance, and technology. Really trying to
Speaker 1: bring all of this into context, especially by bringing you
Speaker 1: some of the latest breaking news of the week. I
Speaker 1: got a lot more when I come back, so do
Speaker 1: not go away, I'll be back. All right, Welcome back.
Speaker 1: You're listening to The Mark Ma Show, and I am
Speaker 1: keeping you up to date with the latest breaking news
Speaker 1: on the decentralized revolution. We're talking about bitcoin, we're talking
Speaker 1: about cryptocurrencies. We're talking about the intersection of politics, finance,
Speaker 1: and technology, and again, like I said, the decentralized revolution.
Speaker 1: Before the break, I was talking about how meta Facebook
Speaker 1: announced that everyone can go work from anywhere that they
Speaker 1: deem fit now, which is pretty amazing. And it's a trend, right,
Speaker 1: This is a trend. You have to think about these
Speaker 1: things and think about where they go. And this is
Speaker 1: just going to continue to lead to the world decentralizing.
Speaker 1: The world continue to move out of the cities, whether
Speaker 1: everyone's over over the crowded and uh, moving to places wherever,
Speaker 1: wherever they want, wherever they deem fit. It's pretty cool, um.
Speaker 1: And so that's one of the reasons why, like you know,
Speaker 1: bitcoin and cryptocurrencies, it's just inevitable. I mean, it's it's inevitable.
Speaker 1: At this point, we're past the point of no return.
Speaker 1: That's why I'm calling bitcoin the best risk adjusted investment
Speaker 1: I've ever seen. Were past that point and it's not
Speaker 1: just me that thinks that. As a matter of fact, UM,
Speaker 1: two of the biggest names. I don't I'm not saying
Speaker 1: um some of or a few of No, no, no,
Speaker 1: I'm saying to probably probably the two biggest. I'm gonna
Speaker 1: claim it that the two biggest names in finance in
Speaker 1: the world period. I'm gonna claim it like that have
Speaker 1: just made some big announcements this week. When I say
Speaker 1: two of the biggest and no, no, no, no, no, sorry,
Speaker 1: I keep going back to that two of the I'm saying, too,
Speaker 1: the two biggest. So who am I talking about? Well,
Speaker 1: first one, I'm talking about Ray Dalio. Ray Dalio his
Speaker 1: famous Bridgewater Capital UM and Bridgewater Capital is uh, the
Speaker 1: the world's largest hedge fund, period, the world's largest hedge funds.
Speaker 1: So I'm not saying some of or one of, No, no, no,
Speaker 1: the largest UM and uh. Ray Dalio's Bridgewater says that
Speaker 1: they are in investing into a crypto fund. That's what
Speaker 1: they said, UM, and that's pretty big news. Now. Ray Dalio,
Speaker 1: he's very vocal, very outspoken. He's on lots of news channel.
Speaker 1: As a matter of fact, he recently put out a
Speaker 1: new book that I'm reading right now. It's pretty good. UM,
Speaker 1: the New World Order. I think it's called I'm I
Speaker 1: don't know, four or five chapters in. Uh it's a
Speaker 1: good it's a good read if you if you want
Speaker 1: to check it out, I'd recommend it. But uh, so
Speaker 1: he's pretty prolific. He puts a lot of information out there.
Speaker 1: But Bridgewater Capital UM has now said that they are
Speaker 1: going to be investing into cryptocurrencies. And what's interesting about
Speaker 1: it is that, UM, this is a big pivot. It's
Speaker 1: a big pivot because UM, just about a year ago
Speaker 1: they said they weren't into it at all. So for
Speaker 1: them to go from a year ago like we're not
Speaker 1: into it to like, okay, now we're in officially in,
Speaker 1: it's a pretty big deal. UM. And that's why I
Speaker 1: continue to say, like, it is not going away now. UM.
Speaker 1: Ray Dalio himself, this is Bridgewater Capital, the largest, you know,
Speaker 1: the largest hedge fund of the world. But Ray Dalio
Speaker 1: himself did come out publicly and say that he added
Speaker 1: bitcoin to his portfolio. And I'd like to point out
Speaker 1: he said bitcoin, not crypto. UM. So he did personally
Speaker 1: come out and say that. But now the fund has
Speaker 1: efficiently come out and said that they are into cryptocurrency.
Speaker 1: So that's big news. It's really big news. Like I said,
Speaker 1: the world's largest headphone. But he's not the only one.
Speaker 1: I said the two largest, So that's one who's the
Speaker 1: second largest, Well, they're also they're also the world's largest.
Speaker 1: In just a little different way. I'm talking about Larry Fink,
Speaker 1: the CEO of black Rock. You've probably heard of black
Speaker 1: Rock before, maybe not in a good way. Uh. Their
Speaker 1: symbol is b l K, and Larry Fink, the CEO
Speaker 1: of black Rock, has confirmed that the world's largest asset manager,
Speaker 1: the world's largest asset manager. So Bridgewater Capitals the world's
Speaker 1: largest hedge fund, and now black Rock is the world's
Speaker 1: largest asset manager. And now they're exploring how to serve
Speaker 1: clients with with with cryptocurrencies as well, and very similar
Speaker 1: to Bridgewater Capital and Ray Dalio. It's interesting is that
Speaker 1: it says here that Fink Larry Fink, he is the CEO.
Speaker 1: Fink cited increasing interest from clients around digital currencies in
Speaker 1: a letter to shareholders on Thursday. What's interesting it says
Speaker 1: that fins comments are at sharp odds with his previous
Speaker 1: assessment of client interest in crypto. In July of last year,
Speaker 1: Fink said that he has not seen much demand for
Speaker 1: digital assets. So July of last year, he was asked
Speaker 1: in an interview and he said that there was not
Speaker 1: much demand for cryptocurrencies back then July of last year,
Speaker 1: less than a year ago. But now, he said in
Speaker 1: the letter to shareholders that because of the increasing interests
Speaker 1: from clients, now they're going to jump into it. It's
Speaker 1: a pretty big deal. Now. Again, he's the world's largest
Speaker 1: asset manager, So imagine the type of clients that they have. Um,
Speaker 1: it's pretty big, right, So, Um, that's a big that's
Speaker 1: a big shifting sentiment from a year ago. No one's
Speaker 1: really into it too. Now this massive demand for it
Speaker 1: to be there and so um, these are things that
Speaker 1: you should not be sleeping on. These are things that
Speaker 1: you need to be paying attention to. The big, big, big,
Speaker 1: big deal. And it just continues on from there. Of course. Uh,
Speaker 1: like I was telling you before, the governments around the
Speaker 1: world are gonna want to stop this. They don't like it. Right.
Speaker 1: Why don't they like it? Because it builds a new
Speaker 1: system that they can't control. And so you've heard me
Speaker 1: talk many times about el Salvador um. El Salvador is
Speaker 1: the first nation in the world to make bitcoin actually
Speaker 1: legal tender. Legal tender means that you would be able
Speaker 1: to buy anything any anywhere, anyone selling anything in the
Speaker 1: in the nation of El Salvador country. El Salvador must
Speaker 1: now accept bitcoin is payment. That's what legal tender means,
Speaker 1: and so they were the first to do that. Now,
Speaker 1: a lot of people in the world don't like that.
Speaker 1: As a matter of fact, the United States doesn't seem
Speaker 1: to like it. Like, what the heck does the United
Speaker 1: States care if El Salvador uses a bitcoin or not. Right,
Speaker 1: El Salvador is like so far down. I think they're
Speaker 1: like maybe ninety two, ranked ninety two in the world,
Speaker 1: unlike GDP or something. I mean, their way down there.
Speaker 1: What the heck does the United States care? Well? They do.
Speaker 1: The U. S. Senate is now considering a new bill
Speaker 1: to examine El Salvador's bitcoin experiment, which is crazy. It
Speaker 1: says the U. S. Senate will vote on a bill
Speaker 1: looking to mitigate the risks to the US financial system
Speaker 1: from El Salvador's adoption of bitcoin as legal tender. Mm hmm.
Speaker 1: They want to mitigate the risks of the U S
Speaker 1: financial system from El Salvador's adoption of bitcoin. What kind
Speaker 1: of risks El s Avador is tiny? El Savador is
Speaker 1: a little, tiny, little spec for the United States. What
Speaker 1: potential risk could there be? That says the you'll love
Speaker 1: this The ACES Act, Oh, what a good name. The
Speaker 1: ACES Act, the Accountability for Cryptocurrency in El Salvador A c. E. S.
Speaker 1: The ACES Act was introduced by Senator Senators James Rish
Speaker 1: of Idaho, Bob Mendez of New Jersey, and Bill Cassidy
Speaker 1: and Louisiana Um. And it says, quote, as El Salvador
Speaker 1: has adopted bitcoin is legal tender, it's important we understand
Speaker 1: and mitigate potential risk of the US financial system. Um
Speaker 1: He had that legislation would require the State and Treasury Departments,
Speaker 1: among other federal agencies, to mitigate risks such as potential
Speaker 1: empowerment of China. Oh man, I mean, I always go
Speaker 1: back to this quote that Christina the Garden said, which was, um,
Speaker 1: innovation threatens financial stability. So it does. It does threaten
Speaker 1: financial stability. It threatned it threatens the financial system that
Speaker 1: they have a monopoly on. But they can't do it
Speaker 1: by not by stopping um progress and change. Things change
Speaker 1: because they're better. We only give up something. We'll only
Speaker 1: give up an old way to go to a new
Speaker 1: way when the new way is better, or when you're
Speaker 1: forced at gunpoint, which is what the government's trying to do. UM.
Speaker 1: But either way, there's a quote that I love. I
Speaker 1: forget who says it, but it says that you a
Speaker 1: standing army is no I has no match for a
Speaker 1: good idea whose time has come. That's exactly what we're
Speaker 1: looking at here. I mean, when when you have something
Speaker 1: that's a thousand times better like bitcoin is, there's just
Speaker 1: no way they can stop it. You're listening to the
Speaker 1: Mark Moa Show. We're talking about bitcoin, the decentralized revolution,
Speaker 1: the intersection of tech, politics and finance. I got a
Speaker 1: lot more to come back about when I come back,
Speaker 1: So do not go away, everyone, Welcome back. You are
Speaker 1: listening to the markma Show where we discuss the decentralized
Speaker 1: revolution that the world is going through right now. We're
Speaker 1: talking about the intersection of politics finance, but really it's
Speaker 1: all driven by technology. Of course, we're talking about bitcoin
Speaker 1: and cryptocurrencies and what that's doing to the world, and
Speaker 1: it's disrupting everything that we as we know it, right,
Speaker 1: that's what technology is doing. And um, as I've made
Speaker 1: the case many times, UM, as it disrupts these things,
Speaker 1: as it changes things, and it changes it for the better. UM.
Speaker 1: If it wasn't better, it wouldn't change. But as it
Speaker 1: changes things for the better. UM, it just creates fireworks.
Speaker 1: And UM we see financial markets get reset. UM. It's
Speaker 1: good and bad for different actors, different players. But one
Speaker 1: of the things that typic comes out of this as
Speaker 1: war unfortunately, and war then creates its own set of problems,
Speaker 1: but it also helps to be the catalyst and and
Speaker 1: really accelerate this change that's happening now. One thing that
Speaker 1: I've talked about extensively if you've been tuning in, is
Speaker 1: how the financial system is changing. UM specifically because of
Speaker 1: a loss of trust in the financial system. And that's
Speaker 1: specifically because of well, we can't trust people. The United
Speaker 1: States has continued to torpedo their own financial system and
Speaker 1: in trying to slap all these sanctions on Russia. UM,
Speaker 1: because of this war situation, it's only sped up. The
Speaker 1: inevitable switch will collapse and then switch to this new
Speaker 1: financial system. We saw this week, which which was pretty
Speaker 1: interesting is um is Russia has continued to try to
Speaker 1: respond to the sanctions that have happened to them. And
Speaker 1: as we've talked about before, if you're if you're just
Speaker 1: tuning in, I'm trying to it's yup here. But UM,
Speaker 1: you know, obviously you know about the word Russia. You
Speaker 1: understand that the whole world is trying to sanction them,
Speaker 1: trying to prevent people from doing business with them, helping
Speaker 1: them move their money. But the one thing, the main
Speaker 1: thing that Russia really supplies the world with his energy,
Speaker 1: talking about oil and gas and so, um, the US
Speaker 1: can say, hey, you can't deal with US dollars anymore.
Speaker 1: As a matter of fact, they seized all their dollars,
Speaker 1: their treasuries and Whatnotum, but Russia still has a lot
Speaker 1: of energy to produce. Well, they could say, well, you
Speaker 1: can't sell that for dollars anymore because you're not allowed
Speaker 1: to use our financial system anymore. And so we saw
Speaker 1: this week big news came out of Russia that um
Speaker 1: Putin said that they will now start selling their energy,
Speaker 1: e their oil and gas in rubles um that's their
Speaker 1: local currency. So that's pretty interesting in turn of events, Like,
Speaker 1: all of these things have an equal and opposite reaction, Right,
Speaker 1: So if the US says, hey, you can't use US
Speaker 1: dollars anymore, what what what happens? I mean, you don't
Speaker 1: just go away and die. You don't have to figure
Speaker 1: out another thing to do. And Russia has goods and services.
Speaker 1: They have oil and gas that the world desperately needs.
Speaker 1: The world desperately needs it. If if if if Russia
Speaker 1: shut it off or the world couldn't buy it from Russia,
Speaker 1: we would go into a severe depression. We the world
Speaker 1: needs the oil and gas they produce, and so because
Speaker 1: we need it, we're kind of in the in in
Speaker 1: a tough situation. How do you sanction a nation and
Speaker 1: say you can't sell your goods and services but the
Speaker 1: world needs them. And of course, um, the United States
Speaker 1: has danced around this issue saying that, um, well, well sanction,
Speaker 1: but we won't sanction their energy kind of a thing.
Speaker 1: But it's a very touchy situation. And so we saw
Speaker 1: this week, like I said, Putin came out and said,
Speaker 1: you know what, We're just gonna We're gonna sell our
Speaker 1: own We're gonna sell our energy in our currency. So
Speaker 1: if you want to buy it, then you have to
Speaker 1: convert your currency into our rubles UM, and we'll do
Speaker 1: it that way. Now, what's interesting with that is UM
Speaker 1: we saw the UM. If you look at the currencies,
Speaker 1: currencies trade against each other. So if you've ever been
Speaker 1: to another country, you've had to exchange your currency for
Speaker 1: another UM, and they trade at different points, meaning one
Speaker 1: currency is stronger than the other. Well, when this war
Speaker 1: broke out, the US dollar to ruble conversion which has
Speaker 1: remained UM pretty stable for quite some time. As a
Speaker 1: matter of fact, it's traded within a pretty tight range
Speaker 1: for the last really two years or so, I meaning
Speaker 1: it's been the US dollar to the ruble conversion has
Speaker 1: been pretty stable for the last two years. But when
Speaker 1: the war broke out, I mean all hell broke loose,
Speaker 1: and we saw the ruble lose like over ninety percent
Speaker 1: of its value to the dollar, just just plummeted because
Speaker 1: no one would do business with Russia and nobody wanted
Speaker 1: to use it. Nobody want to use that currency. But now,
Speaker 1: all of a sudden, based off this announcement of Putin
Speaker 1: saying now that he wants to sell all or energy,
Speaker 1: which again the world desperately needs, back only for rubles.
Speaker 1: We've seen the ruble gain almost thirty five per cent
Speaker 1: on the US dollar. It's bouncing back really strong. Pretty
Speaker 1: good move from Putin. Pretty interesting to see that play out. Now,
Speaker 1: this is, this is, this is These are the small
Speaker 1: moves if you're looking at it closely. The big move
Speaker 1: is the world is moving away from dollars. That's the
Speaker 1: big move. But these are small moves. And so right
Speaker 1: now we're moving to the ruble. And I'm not saying
Speaker 1: the ruble is going to replace the dollar, but we're
Speaker 1: moving into is a d centralized world. Right to keep
Speaker 1: talking about the decentralized revolution. So these are all small
Speaker 1: moves that lead into this much bigger picture. But it's
Speaker 1: very interesting now to counter that UM. We had UM
Speaker 1: nations come out and denounced that. As a matter of fact,
Speaker 1: we saw German Chancellor Olaf Schlatz and we had Italian
Speaker 1: Premier Mario Draggy Um and there are other counterparts in
Speaker 1: the EU nations. They told Russia, Nope, you can can't
Speaker 1: do that. You can't make us pay in rubles UM.
Speaker 1: You have to honor the payments for the energy exports
Speaker 1: in the currency. That was stated in the contract, which
Speaker 1: of course was typically u s dollars or euros, and um, well,
Speaker 1: you know see how that plays out because gas prices
Speaker 1: surged more than after Putting on Wednesday ordered the Russian
Speaker 1: Central Make to develop a mechanism to force some countries
Speaker 1: to make ruble payments for natural gas within a week.
Speaker 1: But it says that the G seven, so the top
Speaker 1: seven nations in the world, they're not happy about this.
Speaker 1: They said that the agreements um are precise about the currency.
Speaker 1: It says that we can pay in dollars and you
Speaker 1: have to honor that. That's how it's done, and that's
Speaker 1: what we're gonna pay with. And then Droggy from Italy
Speaker 1: went on to say that any request for payment in
Speaker 1: rubles would be a contract violation, and contracts are considered
Speaker 1: violated if Russia will implement this condition. So your contracts violated.
Speaker 1: But but what does Russia care? There's a war, right,
Speaker 1: And then Austrian chance Lark Carl Niehammer said his nation
Speaker 1: won't agree to an embargo on Russian gas or oil deliveries.
Speaker 1: Ton reporters in Brussels that to sanction Russia energy would
Speaker 1: be quote unrealistic, not only for Austria, but other EU
Speaker 1: members such as Hungary, Czech Republic and Slovakia that you
Speaker 1: should instead coordinate and focus on loopholes in the current
Speaker 1: massive sanctions package. So they're saying, look, look, you can
Speaker 1: try to sanction their oil. You can tell us that
Speaker 1: we can't buy their oil, but that's that's unrealistic. In
Speaker 1: his exact quote, we need it, we have to have it.
Speaker 1: And so um drag can sit here and say, hey,
Speaker 1: that's a contract violation. You said in the contract we
Speaker 1: can pay you in dollars, but what does Russia care.
Speaker 1: Russia's like, hey, we can tell you we're gonna pay
Speaker 1: you know, we're gonna We're gonna sell it whatever, we're
Speaker 1: gonna sell it in. If you want it, you gotta
Speaker 1: pay for it. And so again, I'm not I'm not
Speaker 1: here trying to choose sides. I'm not saying which one
Speaker 1: is good, which one is bad. But it's interesting that
Speaker 1: we're literally witnessing the breakdown of the global financial system
Speaker 1: as we know it, and so um just can we'll
Speaker 1: just continue to see that escalate. Of course, bitcoin and
Speaker 1: cryptocurrencies being the big beneficiary of this, we've seen the
Speaker 1: price of bitcoin has continued to blow up higher and
Speaker 1: higher or bounced back. I should say, as a matter
Speaker 1: of fact, um, just in the last couple of weeks,
Speaker 1: we're up about in the price of bitcoin. We're up
Speaker 1: to over forty four thousand dollars. It's still trading within
Speaker 1: a range, so I mean, it's it's down from its
Speaker 1: high that it had made back in November of last
Speaker 1: year at about sixty seven thousand dollars um. However, you know,
Speaker 1: it's been kind of walloming in this thirty to forty
Speaker 1: dollar range, and we're up over forty four thousand dollars
Speaker 1: at the time we speak right now, So it's certainly
Speaker 1: responding and maybe it's responding to that. It's also responding
Speaker 1: to the Florida just announced that they were going to
Speaker 1: accept bitcoin for taxes. Florida Governor de Santa said, we
Speaker 1: will accept bitcoin for state taxes. That's a pretty big deal.
Speaker 1: At as signing ceremony tuesday for a built to mandate
Speaker 1: high school financial literacy classes, Descenter said, I've told the
Speaker 1: state agencies to figure out ways where if a business
Speaker 1: wants to pay tax in bitcoin to Florida, we should
Speaker 1: be willing to accept that. Um. He said, they're working
Speaker 1: on it, and of course we know um Miami friend
Speaker 1: mayor friends, the Francis Suarez has been working on that
Speaker 1: for a while. We also know that in Colorado they've
Speaker 1: also passed a similar bill to pay state fees in bitcoin.
Speaker 1: You're listening to the markmas Show talking about bitcoin, the
Speaker 1: decentralized revolution, the way the global financial system is changing
Speaker 1: right before our very eyes. I got a lot more
Speaker 1: to go. Do not go away. I'll be right back,
Speaker 1: all right, Welcome back here, listening to the Mark mass Show.
Speaker 1: We're talking about the decentralized revolution that we are going
Speaker 1: through right now as the world. We're talking about the
Speaker 1: way that politics and the finance system is colliding, and
Speaker 1: it's really the technology being the catalyst for that. It's
Speaker 1: been pretty amazing to watch it if you're if you're
Speaker 1: watching the play by play, and I'm giving you the
Speaker 1: play by play each and every week, if you're tuning
Speaker 1: into the Mark Moss Show. Before the break, we are
Speaker 1: talking talking about how this this Russia Ukraine thing and
Speaker 1: some of the problems creating some of it, which is
Speaker 1: that Russia has oil and natural gas energy that the
Speaker 1: world desperately needs, and how the US is being very
Speaker 1: careful about trying to sanction that and how um Putin
Speaker 1: said that you have to you know, now, any nation
Speaker 1: that once their energy has to start buying in rubles. Um.
Speaker 1: Some nations are saying, well, that's that's a that's a
Speaker 1: that's a contract violation. But um, some nations are saying wealth. Shoot, uh,
Speaker 1: we we can't go without it, so I guess we'll
Speaker 1: do it ever we have to do. So it's gonna
Speaker 1: be interesting see how that plays out. We have a
Speaker 1: Biden calling for um Putin to be kicked out of
Speaker 1: the G seven or I'm sorry, even the G twenty. Um,
Speaker 1: so what does that mean? The G twenty, that's the
Speaker 1: twenty largest nations in the world's as Biden calls for
Speaker 1: Russia to be removed from the G twenty. Um, you know,
Speaker 1: because of the whole situation that's going on. Um. And
Speaker 1: uh he also said because he by the way, if
Speaker 1: you didn't know, Biden went over to Europe this week
Speaker 1: and he was over there talking to Germany and Italy
Speaker 1: about this and so, um, you know, he he called
Speaker 1: for them to kick them out of the G twenty,
Speaker 1: which was which was pretty interesting. Um. He was warning
Speaker 1: that Putin is going to attempt to break up NATO.
Speaker 1: But some of the things he said is Biden said
Speaker 1: to expect real food shortages. He said that the world
Speaker 1: would experience food shortages as a result of the Russia's
Speaker 1: invasion of Ukraine, and production increases were a subject of
Speaker 1: discussion at the Group seven meeting, and so he says, quote,
Speaker 1: it's going to be real, so you can plan for that. Um.
Speaker 1: But the other thing that you have to be planning for,
Speaker 1: because it's all about oil, it's all about energy, is
Speaker 1: you need to be prepared for oil prices and more importantly,
Speaker 1: gasoline prices to go up and not come back down.
Speaker 1: Now what's interesting is before as soon as Biden took office,
Speaker 1: long before any war with Russia, I was on the
Speaker 1: horizon as soon as Biden took office at the national
Speaker 1: gas average was about two dollars and thirty cents a
Speaker 1: gallon at the time. And I predicted on my YouTube
Speaker 1: channel and on Twitter. By the way, if you're not
Speaker 1: follow me on on YouTube, you should. It's just search
Speaker 1: Mark Moss on YouTube or on Twitter. You can find
Speaker 1: me at one Mark moss Um. I predicted that gas
Speaker 1: would be ten dollars a gallon before Biden left office.
Speaker 1: This is long before there was a war on the horizon. Um,
Speaker 1: and uh, here we are in l A at seven
Speaker 1: fifty a gallon already in a year. And I'm like, dang,
Speaker 1: maybe maybe my prediction was to uh too too short.
Speaker 1: But the one thing that we do know for sure
Speaker 1: is that gas prices are going to continue to go higher.
Speaker 1: Oil and gas was continue to suffer from this. Someone
Speaker 1: asked me, I think yesterday, Um, do I think prices
Speaker 1: will go back down? And and the answer is no,
Speaker 1: I really don't, So be prepared for that. It's only
Speaker 1: going to get continue to get worse. Now. Um, there's
Speaker 1: different ways that you can prepare for that, and one
Speaker 1: of which here in the state of California is pretty interesting.
Speaker 1: Good old Governor Newsom has decided to you know, bribe
Speaker 1: you off. You know, for the last two years, he's
Speaker 1: been the most restrictive, most strict dictator in the entire
Speaker 1: United States. And uh, he knows that midterms are coming
Speaker 1: up and he's probably gonna get voted out. So what
Speaker 1: am I gonna do. Let me just buy a bunch
Speaker 1: of votes. So Newsom offers California car owners four hundred
Speaker 1: dollars in rebates UM in order to help offset these
Speaker 1: gas prices and and UM a partial gas tax pause.
Speaker 1: So what does that mean? So, if you're not aware,
Speaker 1: California has the highest prices of gas in the nation.
Speaker 1: And part of the reason why, in addition to all
Speaker 1: the clean air initiatives they put on, but part of
Speaker 1: it is because they have the highest tax so they
Speaker 1: you know, as gasoline tax. And by the way, everyone
Speaker 1: says if you don't pay taxes, what happens with the roads, Well,
Speaker 1: the roads aren't paid through your taxes. The taxes the
Speaker 1: roads are paid through gasoline taxes. Also, you've been hearing
Speaker 1: lately there's been talking about um. Crack myself up thinking
Speaker 1: about it. The government wants to track the mileage you
Speaker 1: drive because they want to start charging you tax on
Speaker 1: the mileage you drive. But isn't that already paid through
Speaker 1: the gas? Uh? The more I drive, the more tax
Speaker 1: I pay on my gas. But anyway, it's another story.
Speaker 1: But they say that gavinor News Gavin News him is
Speaker 1: proposing a nine billion dollar tax refund aimed at registered
Speaker 1: drivers in California, given them fours to health offset the
Speaker 1: recent spike in gas prices. Um. He says that four
Speaker 1: in dollars per registered vehicle, up to two per person.
Speaker 1: We're also proposing grants so public transit can be free
Speaker 1: for three months because what gas prices are going to
Speaker 1: magically come down after three months. That's kind of interesting.
Speaker 1: I'm sure he's gonna have to extend that, UM, but
Speaker 1: it's interesting. I like it, uh in a sense for
Speaker 1: one selfish reason. And that selfish reason is that I
Speaker 1: have been ineligible for any type of stimulus over the
Speaker 1: last two years because I make over seventy five thou
Speaker 1: dollars a year. But this says that every person with
Speaker 1: a car would be getting four hundred dollars, it says
Speaker 1: UM for each vehicle they have registered. He says specifically,
Speaker 1: this does not it says the Governor's office says eligibility
Speaker 1: for the proposed foreign alar rebates would not or would
Speaker 1: be based on vehicle registration, not tax records. So I
Speaker 1: might finally be able to get a little bit of
Speaker 1: stimulus because shoot, man, my cost have gone up to
Speaker 1: like everybody else, but I guess I make more than
Speaker 1: so I wasn't eligible for anything. But maybe I'll get
Speaker 1: this four hundred bucks UM, which is interesting. Um, he
Speaker 1: said something that I thought was pretty ridiculous though, um
Speaker 1: about this specifically, which, like I said, I mean selfishly,
Speaker 1: I guess I kind of like it for that. But
Speaker 1: he says Newsom wants tax rebate and touch quote the
Speaker 1: California way of governing, the California way of governing. So
Speaker 1: what is that? What is the California way of governing governing?
Speaker 1: Is that is that to just give money away? That's
Speaker 1: what That's what the California way is in the California.
Speaker 1: We have the sanctuary city. Um, right, we have all
Speaker 1: these different things that we give away, um, all these
Speaker 1: different grants. So I guess that's what he means by
Speaker 1: the California way of governing, give money away. But um,
Speaker 1: you know, hopefully it'll it'll give a little bit of support.
Speaker 1: But don't think that this is because of the war
Speaker 1: with Russia and it's going to go away. As I said,
Speaker 1: I predicted gas prices will be ten bucks a gallon
Speaker 1: when Biden took office, long before there was any ever
Speaker 1: idea or thought of a war. What it's really because
Speaker 1: is because of a war on energy. I made a
Speaker 1: video on my YouTube channel. Um, you can search it
Speaker 1: it's called warning. What's it called? Um? Just look at
Speaker 1: my YouTube channels. The it's the most watched videos, got
Speaker 1: almos about a million views on it. And I predicted
Speaker 1: about two years ago that we would go into this
Speaker 1: energy crisis that we're into right now. And the reason
Speaker 1: why I was able to predict that is because it's
Speaker 1: all all based off of policy. In the in the
Speaker 1: state of California, they've attacked energy, shutting down all the
Speaker 1: gas generation plans, shutting down nuclear power plants. Um. And
Speaker 1: what do you think is going to happen? Well, if
Speaker 1: you shut down energy and you don't replace it, you
Speaker 1: end up with shortages. Amazing how that works, right? And
Speaker 1: when you end up with shortage is what happens? Oh yeah,
Speaker 1: prices go up on top of that. And in the
Speaker 1: video I said, I think it was a warning. What's
Speaker 1: happening to California's coming for the rest of the world.
Speaker 1: I believe it's the title of that video and um,
Speaker 1: and I said, it's coming for the rest of the world.
Speaker 1: And the reason why I knew was coming for the
Speaker 1: rest of the world is because it was based off
Speaker 1: of policy, and I knew they would do the exact
Speaker 1: same policies and the reason why I predicted ten dollar
Speaker 1: gallon gas when Biden took offices because the very first
Speaker 1: day he was in office, the very first day, the
Speaker 1: most important thing he could do, apparently was designed an
Speaker 1: executive order to shut down pipeline, shut down gas and
Speaker 1: oil exploration, and to put the United States back into
Speaker 1: the Paris Accord. And so that was an attack on oil.
Speaker 1: He nominated Amarova saw A Salamarova for uh UM Comptroller
Speaker 1: of Currency. She didn't get elected, but he nominated her,
Speaker 1: and she said, quote, we want oil companies do go bankrupt.
Speaker 1: So what do you think is gonna happen your bankrupt
Speaker 1: oil companies. They're not going to invest any new money
Speaker 1: into technology. They're not going to invest in new money
Speaker 1: into exploration, which means we're gonna have a shortage. We
Speaker 1: have a shortage where the thing is gonna happen. Pribacely
Speaker 1: is gonna go up. It's not rocket science, but I'm
Speaker 1: here to explain it to you play by play. Just
Speaker 1: make sure you're bracing for that inpuct impact because it's coming.
Speaker 1: By the way, you're listening to the Mark Moss Show,
Speaker 1: we're talking about the intersection of politics, finance, and technology,
Speaker 1: trying to bring it all into context of what's going
Speaker 1: on today, and it's all being driven by the technology.
Speaker 1: Of course. I'm talking about the decentralized revolution being led
Speaker 1: by bitcoin and cryptocurrencies. It's coming and you can choose
Speaker 1: to either be a part of it or be left behind.
Speaker 1: That part is up to you. My job is just
Speaker 1: to continue to fill you in on what's going on.
Speaker 1: Hit me up with a message on Twitter at one
Speaker 1: Mark Moss. I'd love to hear from you. Let me
Speaker 1: know you're listening. Send me a question, I'd love to
Speaker 1: answer it for you. That's what I got for you today.
Speaker 1: All right, thanks for listening.