1
00:00:00,320 --> 00:00:02,800
Speaker 1: Hello, Welcome back to another episode of The Mark Moss Show,

2
00:00:02,800 --> 00:00:05,760
Speaker 1: where we talk about the decentralized revolution, the way the

3
00:00:05,760 --> 00:00:08,680
Speaker 1: world's changing right before our very eyes. And of course

4
00:00:08,960 --> 00:00:15,320
Speaker 1: the three revolutionary cycles are politics, finance, and yes, technology,

5
00:00:15,480 --> 00:00:17,160
Speaker 1: so we look at the world through those lens so

6
00:00:17,239 --> 00:00:20,440
Speaker 1: we can see what's happening and understand what's happening, and

7
00:00:20,480 --> 00:00:23,760
Speaker 1: of course make decisions to protect ourselves and come out.

8
00:00:23,560 --> 00:00:26,239
Speaker 2: Ahead as all of this happens.

9
00:00:26,640 --> 00:00:28,560
Speaker 1: Now in the world of finance, you know, we are

10
00:00:28,600 --> 00:00:33,160
Speaker 1: witnessing three revolutions. There's a technological revolution on a fifty

11
00:00:33,200 --> 00:00:36,560
Speaker 1: year cycle, of political revolution cycle on a tunifty year cycle,

12
00:00:36,600 --> 00:00:40,120
Speaker 1: and a financial revolution cycle on an eighty year cycle.

13
00:00:40,360 --> 00:00:43,680
Speaker 1: And it's pretty easy to see the financial revolution is here.

14
00:00:43,720 --> 00:00:46,400
Speaker 1: The entire finance system that we have in the world

15
00:00:46,400 --> 00:00:50,360
Speaker 1: today is completely breaking apart. We have way too much

16
00:00:50,440 --> 00:00:54,440
Speaker 1: debt and we don't have enough production. There's not enough

17
00:00:54,440 --> 00:00:57,680
Speaker 1: global GDP growth to manage the amount of debt that

18
00:00:57,720 --> 00:01:00,000
Speaker 1: we have, so I mean the debt is growing fast

19
00:01:00,800 --> 00:01:04,920
Speaker 1: than the production. Remember, wealth is not money, Wealth is

20
00:01:05,120 --> 00:01:10,440
Speaker 1: goods and services. If the money grows faster than the

21
00:01:10,480 --> 00:01:12,080
Speaker 1: goods and services does.

22
00:01:12,400 --> 00:01:15,400
Speaker 2: Then you have massive inflation.

23
00:01:15,720 --> 00:01:19,679
Speaker 1: You have more currency units, more money chasing a limited

24
00:01:19,720 --> 00:01:23,120
Speaker 1: supply of goods. It pushes the prices up. So that's

25
00:01:23,120 --> 00:01:25,400
Speaker 1: why your meat and your milk, and your cheese and

26
00:01:25,440 --> 00:01:27,680
Speaker 1: your eggs and your gas in your house and everything

27
00:01:27,720 --> 00:01:31,160
Speaker 1: else is getting so expensive. And part of it isn't

28
00:01:31,200 --> 00:01:34,360
Speaker 1: just that the money supply is growing faster than the

29
00:01:34,400 --> 00:01:38,119
Speaker 1: goods and services, but it's debt. And so debt does

30
00:01:38,160 --> 00:01:40,560
Speaker 1: two things. One, yes, it crowds out the market and

31
00:01:40,640 --> 00:01:43,200
Speaker 1: makes the price of everything go up, but it also

32
00:01:43,440 --> 00:01:47,440
Speaker 1: is a drag on production, on productivity. It's like it's

33
00:01:47,520 --> 00:01:49,520
Speaker 1: like putting on like one hundred pounds backpack and then

34
00:01:49,560 --> 00:01:52,360
Speaker 1: trying to go run a marathon. It just drags it

35
00:01:52,440 --> 00:01:55,720
Speaker 1: down because like, for example, I took on this debt.

36
00:01:56,040 --> 00:01:57,680
Speaker 2: Let's say that I took.

37
00:01:57,520 --> 00:01:59,120
Speaker 1: On this debt to buy this new piece of equipment

38
00:01:59,120 --> 00:02:02,160
Speaker 1: from my office my company, and I was hoping that

39
00:02:02,160 --> 00:02:05,200
Speaker 1: that would then bring me more revenue. So I'm going

40
00:02:05,240 --> 00:02:07,160
Speaker 1: to take a thousand dollars payment on this new truck,

41
00:02:07,320 --> 00:02:09,280
Speaker 1: but hopefully it makes me five thousand a month in

42
00:02:09,360 --> 00:02:11,720
Speaker 1: new business. But let's say that that business doesn't come

43
00:02:11,760 --> 00:02:13,600
Speaker 1: and now I'm just stuck making this thousand dollars payment

44
00:02:13,639 --> 00:02:15,760
Speaker 1: on the truck, and now I can't afford to go

45
00:02:15,840 --> 00:02:17,560
Speaker 1: do another thing because I got to sit there and

46
00:02:17,560 --> 00:02:20,320
Speaker 1: make that payment on that truck. So drags things down,

47
00:02:20,360 --> 00:02:24,520
Speaker 1: and of course we're front and center to another debt

48
00:02:24,600 --> 00:02:27,639
Speaker 1: ceiling debate. Talked about this for the last couple weeks

49
00:02:27,680 --> 00:02:29,440
Speaker 1: because it's coming to a head. As a matter of fact,

50
00:02:29,480 --> 00:02:33,000
Speaker 1: we're witnessing what's known as the X date. The X

51
00:02:33,120 --> 00:02:36,840
Speaker 1: date is the date that the government, like literally the

52
00:02:36,919 --> 00:02:40,160
Speaker 1: United States government, the US Treasury.

53
00:02:40,080 --> 00:02:42,200
Speaker 2: Runs out of money. That's the date.

54
00:02:42,600 --> 00:02:45,359
Speaker 1: That's the date everything falls apart. And here we are

55
00:02:45,480 --> 00:02:49,679
Speaker 1: running straight to that and it looks like we might

56
00:02:49,840 --> 00:02:54,080
Speaker 1: actually hit it now. They say the US government won't default.

57
00:02:54,160 --> 00:02:56,720
Speaker 1: You know, Biden's on there saying we won't default. We're

58
00:02:56,720 --> 00:02:58,920
Speaker 1: not dead beats, we pay our debt, et cetera. I

59
00:02:58,960 --> 00:03:01,320
Speaker 1: want you to just understand one thing clear. First of all,

60
00:03:01,760 --> 00:03:06,560
Speaker 1: there's two types of defaults here, Okay, a hard default.

61
00:03:07,040 --> 00:03:09,520
Speaker 1: A hard default is when they say we ain't paying

62
00:03:09,639 --> 00:03:11,320
Speaker 1: we're not paying any of our bills, like we're not

63
00:03:11,360 --> 00:03:13,680
Speaker 1: paying back our treasury, so we're not paying back our

64
00:03:13,720 --> 00:03:17,880
Speaker 1: bond holders. That's not gonna happen, right, no government with

65
00:03:18,000 --> 00:03:21,040
Speaker 1: a money printer will ever default on that. They're gonna

66
00:03:21,040 --> 00:03:24,440
Speaker 1: pay that, but then there's a technical default, and a

67
00:03:24,480 --> 00:03:27,360
Speaker 1: technical default will happen if they don't make a deal

68
00:03:28,080 --> 00:03:32,680
Speaker 1: in time and it gets delayed a couple of days. Now,

69
00:03:32,840 --> 00:03:34,640
Speaker 1: if it gets delayed a couple days, they'll just you know,

70
00:03:34,680 --> 00:03:36,480
Speaker 1: take money from one place to another. They'll say, hey,

71
00:03:36,480 --> 00:03:38,600
Speaker 1: i'll pay you next week, I'll pay you with interest,

72
00:03:38,640 --> 00:03:42,760
Speaker 1: and they'll pay the bills like this gets resolved. Of course,

73
00:03:42,800 --> 00:03:44,960
Speaker 1: they have a money printer, they're gonna pay it. But

74
00:03:45,160 --> 00:03:48,120
Speaker 1: a technical default could happen if a deal can't be

75
00:03:48,160 --> 00:03:50,520
Speaker 1: reached in time. And we're getting to that point as

76
00:03:50,560 --> 00:03:53,760
Speaker 1: a matter of fact. This week, the Bide administration and

77
00:03:53,840 --> 00:03:57,800
Speaker 1: the Republican side, McCarthy leading that side, have been meeting

78
00:03:58,200 --> 00:04:00,840
Speaker 1: and they say they are not, I mean close to

79
00:04:00,920 --> 00:04:05,000
Speaker 1: a deal. Now. I've gone through the details of that deal.

80
00:04:05,000 --> 00:04:06,560
Speaker 1: I don't want to kind of recall all that roight

81
00:04:06,560 --> 00:04:09,840
Speaker 1: off the top of them my head. But the Republicans

82
00:04:09,880 --> 00:04:12,640
Speaker 1: have offered to raise the debt ceiling another one point

83
00:04:12,720 --> 00:04:13,360
Speaker 1: five trillion.

84
00:04:14,640 --> 00:04:15,880
Speaker 2: Now, to put that into.

85
00:04:15,720 --> 00:04:18,400
Speaker 1: Perspective, in two thousand and eight, when there was a

86
00:04:18,440 --> 00:04:22,279
Speaker 1: great financial crash, when the entire global financial system was.

87
00:04:22,279 --> 00:04:27,640
Speaker 2: Crumbling, the entire it was a seven hundred billion dollar bailout.

88
00:04:27,920 --> 00:04:30,719
Speaker 1: So right now the Republicans are offering them double the

89
00:04:30,839 --> 00:04:33,360
Speaker 1: money that they needed in two thousand eight to save

90
00:04:33,400 --> 00:04:36,360
Speaker 1: the whole world. Double that it's not enough. Democrats say no,

91
00:04:36,440 --> 00:04:38,600
Speaker 1: no deal. Biden says no deal. So they've offered them

92
00:04:38,600 --> 00:04:40,400
Speaker 1: that because they said, hey, we'll give you the one

93
00:04:40,400 --> 00:04:43,320
Speaker 1: point five trillion. But over the next several years, you're

94
00:04:43,360 --> 00:04:45,600
Speaker 1: gonna have to start cutting some of the budgets, like

95
00:04:45,640 --> 00:04:50,440
Speaker 1: you just because the budget is projected to continue to

96
00:04:50,560 --> 00:04:53,720
Speaker 1: grow bigger and bigger, bigger the deficit the shortcoming of

97
00:04:53,760 --> 00:04:57,039
Speaker 1: the income and expenses. The deficit is projected to get

98
00:04:57,080 --> 00:05:00,160
Speaker 1: bigger and bigger and bigger and bigger, which means, per

99
00:05:00,360 --> 00:05:04,160
Speaker 1: the government's own plans the CBO Congressional Budget Office.

100
00:05:04,200 --> 00:05:06,719
Speaker 2: Per the CBO's report, they're.

101
00:05:06,560 --> 00:05:09,440
Speaker 1: Planning to continue to spend more than they bring in

102
00:05:09,520 --> 00:05:12,000
Speaker 1: over the next several years, and not just spend more

103
00:05:12,040 --> 00:05:16,000
Speaker 1: than they bring in, but continue to increase the gap

104
00:05:16,120 --> 00:05:18,720
Speaker 1: and continue to spend even more and more and more

105
00:05:18,839 --> 00:05:22,080
Speaker 1: as they're not bringing enough. So they're projecting for the

106
00:05:22,120 --> 00:05:24,680
Speaker 1: deficit to grow from one trillion to two trillion to

107
00:05:24,760 --> 00:05:27,720
Speaker 1: three trillion over the next decade. So the Republicans are like,

108
00:05:27,760 --> 00:05:29,640
Speaker 1: hang on, hang on, hang on, whoa, whoa, whoa, whoa. Okay,

109
00:05:29,640 --> 00:05:31,320
Speaker 1: we'll give you the one point five trillion, Like that'll

110
00:05:31,400 --> 00:05:34,320
Speaker 1: all that, But we can't continue to grow the deficit.

111
00:05:34,400 --> 00:05:36,520
Speaker 1: We have to start trying to like rain this in

112
00:05:36,560 --> 00:05:39,720
Speaker 1: a little bit here, and Biden says no deal. So

113
00:05:40,040 --> 00:05:42,160
Speaker 1: you know what they're telling you, you know the Bide

114
00:05:42,160 --> 00:05:45,359
Speaker 1: administration is telling you, is that they.

115
00:05:45,240 --> 00:05:46,479
Speaker 2: Want the world to end.

116
00:05:46,839 --> 00:05:50,040
Speaker 1: You know, eight million Americans are going to lose their job.

117
00:05:50,560 --> 00:05:53,000
Speaker 1: You know, your Social Security, your Medicare isn't going to

118
00:05:53,080 --> 00:05:53,680
Speaker 1: get paid.

119
00:05:54,120 --> 00:05:55,560
Speaker 2: You know, they're telling you all that stuff. But that's

120
00:05:55,600 --> 00:05:56,760
Speaker 2: that's that's not the truth.

121
00:05:57,279 --> 00:06:00,960
Speaker 1: They're offering to pay one point five trillion. Are increase

122
00:06:01,000 --> 00:06:03,320
Speaker 1: it by one point five trillion now, but you're gonna

123
00:06:03,360 --> 00:06:07,080
Speaker 1: have to start cutting as things move forward.

124
00:06:07,240 --> 00:06:07,440
Speaker 2: Now.

125
00:06:07,480 --> 00:06:09,240
Speaker 1: The by administration, so like I said, says we're gonna

126
00:06:09,279 --> 00:06:11,520
Speaker 1: cut all this, it's gonna be tragic. Well, that's not

127
00:06:11,560 --> 00:06:16,320
Speaker 1: what they're saying. They're asking for minuscule cuts or really

128
00:06:16,680 --> 00:06:20,599
Speaker 1: keeping spending on where we were back in twenty twenty two.

129
00:06:20,720 --> 00:06:21,920
Speaker 1: Now in twenty twenty two.

130
00:06:22,120 --> 00:06:23,279
Speaker 2: Was a record year.

131
00:06:23,680 --> 00:06:26,120
Speaker 1: We increased the money supply in the United States by

132
00:06:26,320 --> 00:06:30,440
Speaker 1: forty percent from twenty twenty twenty twenty two forty percent.

133
00:06:30,680 --> 00:06:33,200
Speaker 1: That was a record year for spending. And they're just saying, hey,

134
00:06:33,200 --> 00:06:37,400
Speaker 1: we should just hold spending to there. And if I

135
00:06:37,440 --> 00:06:40,200
Speaker 1: can recall, twenty twenty two wasn't that far back, and

136
00:06:40,440 --> 00:06:43,600
Speaker 1: you can recall as well as we can both recall

137
00:06:43,720 --> 00:06:47,559
Speaker 1: a year ago the world didn't end, bills got paid,

138
00:06:48,440 --> 00:06:51,600
Speaker 1: eight million Americans were not laid off, Medicare and Social

139
00:06:51,600 --> 00:06:55,080
Speaker 1: Security were still paid. So going back to that level

140
00:06:55,120 --> 00:06:56,960
Speaker 1: doesn't sound so catastrophic.

141
00:06:58,760 --> 00:06:59,920
Speaker 2: Of course, that's what we're being told.

142
00:07:00,360 --> 00:07:03,840
Speaker 1: However, Janet Yellen, she's going around saying, hey, look guys.

143
00:07:03,880 --> 00:07:06,920
Speaker 1: You know, Janney Ellen's the head of the Treasury, Treasury Secretary,

144
00:07:07,080 --> 00:07:10,600
Speaker 1: and she's saying, hey, look, we're we're trying to get

145
00:07:10,600 --> 00:07:11,960
Speaker 1: this dead deal done. We're going to get it done.

146
00:07:12,720 --> 00:07:15,440
Speaker 1: It's not going to be bad. But what's important to

147
00:07:15,520 --> 00:07:19,240
Speaker 1: understand is that regardless whether a deal gets done or not,

148
00:07:19,600 --> 00:07:22,280
Speaker 1: it could still be really bad. In twenty eleven, we

149
00:07:22,320 --> 00:07:23,960
Speaker 1: got really close to that, a deal was struck at

150
00:07:24,000 --> 00:07:26,680
Speaker 1: the last minute, but yet the stock market. The SIP

151
00:07:26,760 --> 00:07:30,480
Speaker 1: five hunderd dropped seventeen percent, seventeen percent, It's big dropped,

152
00:07:30,800 --> 00:07:33,320
Speaker 1: and a lot of other markets dropped even more. And

153
00:07:33,400 --> 00:07:36,280
Speaker 1: so the Democrats don't want that to happen. Now, the

154
00:07:36,280 --> 00:07:39,000
Speaker 1: Democrats are basically they rolled out a letter demanding that

155
00:07:39,040 --> 00:07:43,920
Speaker 1: Biden use a fourteenth Amendment to bypass all this and

156
00:07:43,960 --> 00:07:46,640
Speaker 1: just raise the dead ceiling on their own, basically bypassed

157
00:07:46,680 --> 00:07:48,800
Speaker 1: the entire government. The whole point of the government in

158
00:07:48,800 --> 00:07:52,200
Speaker 1: the United States is that we have divided powers, so

159
00:07:52,280 --> 00:07:55,960
Speaker 1: people can't use move move unilaterally. We don't have a

160
00:07:56,040 --> 00:07:59,600
Speaker 1: king or a dictator. But they want to bypass that,

161
00:07:59,640 --> 00:08:03,600
Speaker 1: of course. Ernie Sanders, Elizabeth Warren, John Fetterman, Richard Blumenthal,

162
00:08:04,120 --> 00:08:07,400
Speaker 1: Tina Smith At Marky, Jeff Merkley, Sheldon Whitehouse, Peter Welch,

163
00:08:08,040 --> 00:08:11,680
Speaker 1: they all want them to do this, just unilaterally decide.

164
00:08:13,040 --> 00:08:15,040
Speaker 1: And Biden says he thinks he has the authority to

165
00:08:15,040 --> 00:08:15,320
Speaker 1: do it.

166
00:08:16,840 --> 00:08:17,560
Speaker 2: He says he can do it.

167
00:08:17,600 --> 00:08:20,720
Speaker 1: Now it's going to be a challenge because they're not

168
00:08:20,880 --> 00:08:25,720
Speaker 1: supposed to do it. So it's going to be a showdown.

169
00:08:25,760 --> 00:08:30,080
Speaker 1: It's going to be a constitutional showdown if this happens,

170
00:08:30,120 --> 00:08:34,319
Speaker 1: and either way. Regardless of what happens, this weakens the

171
00:08:35,040 --> 00:08:38,440
Speaker 1: view of the government, It weakens the confidence that people

172
00:08:38,520 --> 00:08:42,079
Speaker 1: have in the government. It looks horrible on the global stage.

173
00:08:44,400 --> 00:08:48,440
Speaker 1: And regardless of what happens, there is massive amounts of

174
00:08:48,559 --> 00:08:52,680
Speaker 1: money printing in front of us. All right, there's no

175
00:08:52,800 --> 00:08:54,840
Speaker 1: way to pay the bills without increasing the limits. So

176
00:08:54,880 --> 00:08:58,880
Speaker 1: Biden wants an unlimited checkbook. The Republicans are like, not

177
00:08:59,000 --> 00:09:02,360
Speaker 1: only one point five trillion, We lose sight of these

178
00:09:02,440 --> 00:09:05,720
Speaker 1: numbers go so big. So either way, there's massive money

179
00:09:05,720 --> 00:09:08,839
Speaker 1: printing the head The only fight right now is over

180
00:09:09,040 --> 00:09:09,679
Speaker 1: how much.

181
00:09:09,760 --> 00:09:09,960
Speaker 2: Now.

182
00:09:10,360 --> 00:09:13,079
Speaker 1: If you're just tuning in, you're listening to the Markmaas Show,

183
00:09:13,880 --> 00:09:17,160
Speaker 1: I'm talking about this decentralized revolution. I'm talking about some

184
00:09:17,200 --> 00:09:19,160
Speaker 1: of the latest breaking news headlines from this week. I'll

185
00:09:19,200 --> 00:09:20,960
Speaker 1: be back with more in a minute. Don't go away,

186
00:09:21,000 --> 00:09:21,600
Speaker 1: I'll be her back.

187
00:09:21,840 --> 00:09:22,520
Speaker 2: All right, welcome back.

188
00:09:22,559 --> 00:09:24,120
Speaker 1: If you're just tuning and you're listening to the Mark

189
00:09:24,200 --> 00:09:28,040
Speaker 1: mass Show, of course, always talking about the decentralized revolution,

190
00:09:28,120 --> 00:09:30,679
Speaker 1: the way the world is changing, and we're looking at

191
00:09:30,720 --> 00:09:33,000
Speaker 1: it through the lens of politics, finance, technology, and we're

192
00:09:33,000 --> 00:09:36,600
Speaker 1: looking at some of the latest breaking news headlines. This week,

193
00:09:36,679 --> 00:09:38,840
Speaker 1: so you can see exactly how this is playing out.

194
00:09:38,840 --> 00:09:41,320
Speaker 1: And of course it's always technology that changes the world.

195
00:09:41,320 --> 00:09:43,960
Speaker 1: We talked about the finance side just before the break.

196
00:09:44,000 --> 00:09:45,920
Speaker 1: Hopefully you caught that. If not, no worries, I got

197
00:09:45,960 --> 00:09:46,200
Speaker 1: you back.

198
00:09:46,240 --> 00:09:46,880
Speaker 2: I got you back.

199
00:09:47,160 --> 00:09:49,240
Speaker 1: You can catch it on the podcast. Just search the

200
00:09:49,280 --> 00:09:52,200
Speaker 1: Mark Mass Show on your favorite podcast player, or you

201
00:09:52,200 --> 00:09:56,360
Speaker 1: can jump over onto YouTube go to Market Disruptors, Market Disruptors,

202
00:09:56,400 --> 00:09:58,040
Speaker 1: and you can watch me and listen to me at

203
00:09:58,080 --> 00:09:59,199
Speaker 1: the same time over there.

204
00:09:59,440 --> 00:10:00,000
Speaker 2: So if you miss it.

205
00:10:00,000 --> 00:10:01,920
Speaker 1: Any of this, or you missed me one week, don't worry,

206
00:10:02,040 --> 00:10:04,079
Speaker 1: go over there on the podcast or the YouTube channel

207
00:10:04,080 --> 00:10:04,560
Speaker 1: and catch me.

208
00:10:04,880 --> 00:10:05,120
Speaker 2: Now.

209
00:10:06,320 --> 00:10:08,920
Speaker 1: We just talked about the finance side, the debt ceiling problem,

210
00:10:08,920 --> 00:10:11,959
Speaker 1: and now on the technology side is what changes the

211
00:10:11,960 --> 00:10:13,880
Speaker 1: world the most, and that of course is bitcoin, this

212
00:10:13,920 --> 00:10:14,880
Speaker 1: technological revolution.

213
00:10:15,400 --> 00:10:16,720
Speaker 2: And I know a lot of you might.

214
00:10:16,559 --> 00:10:20,960
Speaker 1: Be skeptical about the volatility of the US dollar valuation.

215
00:10:21,600 --> 00:10:24,000
Speaker 1: It used to be fifty thousand or sixty thousand, and

216
00:10:24,040 --> 00:10:26,280
Speaker 1: now thirty thousand, right, and so you kind of get

217
00:10:26,320 --> 00:10:29,280
Speaker 1: some of that. But as I always say, the price

218
00:10:29,360 --> 00:10:33,120
Speaker 1: is a distraction on brand new technologies. The price is

219
00:10:33,160 --> 00:10:35,720
Speaker 1: a distraction, not always, but on brand new technologies. And

220
00:10:35,720 --> 00:10:37,480
Speaker 1: what we really want to look at is two things,

221
00:10:37,760 --> 00:10:40,640
Speaker 1: the growth of the network, and we also want to

222
00:10:40,640 --> 00:10:45,559
Speaker 1: look at the technology development on the network. Now, technology

223
00:10:45,720 --> 00:10:48,560
Speaker 1: scales in layers, just like the monetary system does. So

224
00:10:48,640 --> 00:10:51,839
Speaker 1: gold was money and it was a base settlement layer.

225
00:10:51,880 --> 00:10:53,080
Speaker 1: If I had the gold, I had the gold. If

226
00:10:53,080 --> 00:10:54,720
Speaker 1: I gave you the gold, you have the gold. But

227
00:10:54,800 --> 00:10:56,920
Speaker 1: then we moved into the information age, and so then

228
00:10:57,000 --> 00:10:59,160
Speaker 1: gold added a layer too. The gold goes in the bank.

229
00:10:59,160 --> 00:11:00,920
Speaker 1: They gave me a paper gold certificate. That's a gold

230
00:11:00,920 --> 00:11:03,319
Speaker 1: claimant I owe you. Now we can move the paper

231
00:11:03,400 --> 00:11:06,320
Speaker 1: much faster, but it's not as secure. Then we have

232
00:11:06,400 --> 00:11:08,960
Speaker 1: checks that's layer three. Then we have a credit cards

233
00:11:08,960 --> 00:11:11,640
Speaker 1: that's layer four. Now we have Venmo and PayPal that's

234
00:11:11,720 --> 00:11:13,760
Speaker 1: layer five. And so we have all these different layers,

235
00:11:13,960 --> 00:11:16,240
Speaker 1: and each of those layers offer us different trade offs.

236
00:11:16,280 --> 00:11:18,839
Speaker 1: And Bitcoin, a lot of people say, well, bitcoin's old.

237
00:11:19,360 --> 00:11:23,679
Speaker 1: Come on, Mark, Bitcoin's the stupidest, oldest, dumbest, slowest blockchain

238
00:11:23,720 --> 00:11:28,439
Speaker 1: out there. We want something faster. Well, that's true kind

239
00:11:28,480 --> 00:11:30,959
Speaker 1: of except for technology scales and layers. That's the Internet

240
00:11:31,000 --> 00:11:33,679
Speaker 1: scales as well. If we want we had the internet,

241
00:11:34,240 --> 00:11:37,040
Speaker 1: we want email great, We'll put another layer on SMTP.

242
00:11:37,240 --> 00:11:40,160
Speaker 1: Oh we want security great through another layer on ATTPS.

243
00:11:40,840 --> 00:11:43,880
Speaker 1: And that's how technology works. So if you make that argument,

244
00:11:43,920 --> 00:11:45,520
Speaker 1: if you want to argue with me on that, that

245
00:11:45,679 --> 00:11:48,280
Speaker 1: just kind of shows you don't understand technology.

246
00:11:48,320 --> 00:11:49,320
Speaker 2: I hate to tell you that.

247
00:11:50,120 --> 00:11:52,360
Speaker 1: We are scaling bitcoin layers and now we have these

248
00:11:52,400 --> 00:11:54,600
Speaker 1: Layer two and we have Layer three applications on top

249
00:11:54,600 --> 00:11:56,880
Speaker 1: of bitcoin. And so now with Layer two applications, you

250
00:11:56,880 --> 00:12:00,760
Speaker 1: can already send bitcoin faster and cheaper and more private

251
00:12:01,080 --> 00:12:04,640
Speaker 1: than any other cryptocurrency out there. So every other blockchain

252
00:12:04,640 --> 00:12:07,160
Speaker 1: cryptocurrency says they're faster, cheaper and more private, Well they're

253
00:12:07,160 --> 00:12:11,680
Speaker 1: all obsolete now. Now we're running NFTs on blockchain. So

254
00:12:11,720 --> 00:12:13,760
Speaker 1: all these other blockchains that say, well, but we can

255
00:12:13,800 --> 00:12:17,440
Speaker 1: do smart contracts and NFTs, well we're doing that on

256
00:12:17,440 --> 00:12:19,920
Speaker 1: a Big One blockchain now, so those are all obsolete.

257
00:12:20,240 --> 00:12:23,160
Speaker 1: And talking about new development, we saw announced at the

258
00:12:23,200 --> 00:12:27,719
Speaker 1: Big One conference last week a new layer two protocol

259
00:12:27,880 --> 00:12:28,600
Speaker 1: called ARC.

260
00:12:29,240 --> 00:12:30,559
Speaker 2: And what's cool about ARC.

261
00:12:30,640 --> 00:12:34,360
Speaker 1: Is it's giving you layer two scaleability, allowing you to

262
00:12:34,400 --> 00:12:38,600
Speaker 1: be faster and cheaper and more private but easier. All right,

263
00:12:38,640 --> 00:12:41,160
Speaker 1: So some people might say lightning, which is kind of

264
00:12:41,160 --> 00:12:43,800
Speaker 1: the main layer two channel. Right now, people might say

265
00:12:43,800 --> 00:12:46,600
Speaker 1: that lightning is difficult to use, it's hard to open

266
00:12:46,720 --> 00:12:48,600
Speaker 1: up channels, things like that, and of course things get

267
00:12:48,640 --> 00:12:51,560
Speaker 1: easier over time, so the problem that we have with

268
00:12:51,559 --> 00:12:53,200
Speaker 1: it today won't always be the problem.

269
00:12:53,240 --> 00:12:54,240
Speaker 2: That's what solutions are for.

270
00:12:55,280 --> 00:12:57,960
Speaker 1: But what we're seeing is that now we have another one,

271
00:12:58,120 --> 00:13:01,360
Speaker 1: a competing one, which is good more development, and this

272
00:13:01,480 --> 00:13:02,720
Speaker 1: makes it way easier.

273
00:13:03,760 --> 00:13:04,440
Speaker 2: That's really cool.

274
00:13:04,559 --> 00:13:06,200
Speaker 1: And speaking of ARC, that's the name of this new

275
00:13:06,280 --> 00:13:09,840
Speaker 1: layer two protocol. Speaking of ARC, we have Kathy Wood

276
00:13:10,040 --> 00:13:15,120
Speaker 1: from ARC. She runs a large technology ETF called ARC,

277
00:13:15,280 --> 00:13:17,920
Speaker 1: and she's talking about this week. She was talking about

278
00:13:17,920 --> 00:13:23,520
Speaker 1: how the US, unfortunately seems to be losing this whole movement.

279
00:13:24,360 --> 00:13:29,160
Speaker 1: She's the investment founder of investment manager ARC Invest, and

280
00:13:29,200 --> 00:13:31,960
Speaker 1: she's talking about how it's losing the movement because of

281
00:13:32,040 --> 00:13:38,360
Speaker 1: the regulatory system that it's imposing and how they're basically

282
00:13:38,960 --> 00:13:40,360
Speaker 1: forcing this off the coast.

283
00:13:40,360 --> 00:13:42,360
Speaker 2: She said, quote, it'd be nice if the US.

284
00:13:42,240 --> 00:13:45,880
Speaker 1: We're leading this movement, but we're losing it, and we're

285
00:13:45,920 --> 00:13:52,520
Speaker 1: losing it because of our regulatory system end quote. The regulators,

286
00:13:52,720 --> 00:13:56,200
Speaker 1: the government, they don't like innovation, they don't like things moving.

287
00:13:56,640 --> 00:13:59,400
Speaker 1: Christine Legard, who is the head of the IMF now

288
00:13:59,440 --> 00:14:01,680
Speaker 1: she's head of the ECB European Central Banks. She said

289
00:14:01,720 --> 00:14:07,760
Speaker 1: that innovation is a threat to our financial stability, and

290
00:14:07,960 --> 00:14:12,400
Speaker 1: that's actually true. She's actually right. But that's a good thing.

291
00:14:13,600 --> 00:14:17,280
Speaker 1: So yes, it's disrupting the old system, So yes, it

292
00:14:17,360 --> 00:14:20,560
Speaker 1: makes the old system less stable, but in favor of

293
00:14:20,600 --> 00:14:25,000
Speaker 1: a new, better system. That's called creative destruction. A new

294
00:14:25,040 --> 00:14:28,640
Speaker 1: technology comes along that's so much better that it destroys

295
00:14:28,720 --> 00:14:32,920
Speaker 1: the old way. Digital camera or digital photos on cameras

296
00:14:33,280 --> 00:14:36,200
Speaker 1: were so much better that one hundred year old company

297
00:14:36,240 --> 00:14:39,160
Speaker 1: like Kodak went out of business. Now Kodak could have

298
00:14:39,640 --> 00:14:43,160
Speaker 1: stopped the entire digital camera movement and we could have

299
00:14:43,240 --> 00:14:47,720
Speaker 1: just stuck having to use expensive and harmful chemicals in

300
00:14:48,440 --> 00:14:52,680
Speaker 1: traditional old school film. Could have still been the biggest

301
00:14:52,680 --> 00:14:55,680
Speaker 1: company today in that space, but we wouldn't have the

302
00:14:55,680 --> 00:14:57,920
Speaker 1: innovation which has changed the world as we know it.

303
00:14:57,960 --> 00:14:59,480
Speaker 1: And we want to have that. We want pictures to

304
00:14:59,480 --> 00:15:03,120
Speaker 1: be easier, aster, cheaper, et cetera. And so that's what

305
00:15:03,160 --> 00:15:05,000
Speaker 1: they want to do. They want to stop that. And

306
00:15:05,040 --> 00:15:07,160
Speaker 1: these regulators are doing this, as Kathy would is saying,

307
00:15:07,160 --> 00:15:10,440
Speaker 1: they're driving it overseas, but overseas are pretty hostile as well.

308
00:15:10,720 --> 00:15:13,920
Speaker 1: We saw the European Union said that their banks could

309
00:15:14,440 --> 00:15:21,760
Speaker 1: potentially stop or take over the cryptocurrency stable coins, and

310
00:15:21,800 --> 00:15:23,960
Speaker 1: so they want to stop that. They want to you know,

311
00:15:24,000 --> 00:15:26,560
Speaker 1: put all types of regulations there. Inside the United States,

312
00:15:26,640 --> 00:15:32,120
Speaker 1: Senator Elizabeth Warren is literally running on a campaign to

313
00:15:33,560 --> 00:15:37,320
Speaker 1: an anti crypto campaign, literally an anti technology campaign.

314
00:15:37,360 --> 00:15:38,760
Speaker 2: It reminds me of the Luddites.

315
00:15:39,400 --> 00:15:41,640
Speaker 1: I've ever heard that word before. The Luedites were the

316
00:15:41,640 --> 00:15:44,800
Speaker 1: ones that were very opposed to the Industrial Revolution. So

317
00:15:44,960 --> 00:15:47,720
Speaker 1: two hundred and fifty years ago, the entire world was

318
00:15:47,760 --> 00:15:50,320
Speaker 1: you know, agriculture, farming and cottage industry, and then we

319
00:15:50,360 --> 00:15:52,200
Speaker 1: had the Industrial Revolution that created machines.

320
00:15:52,680 --> 00:15:55,840
Speaker 2: And the machines could do the work of five thousand men.

321
00:15:57,240 --> 00:15:58,960
Speaker 1: But what about all those five thousand men?

322
00:15:59,000 --> 00:15:59,760
Speaker 2: What are they going to do?

323
00:16:00,000 --> 00:16:02,200
Speaker 1: And so the Luttites didn't want this to happen, and

324
00:16:02,240 --> 00:16:04,240
Speaker 1: they tried to stop it. They tried to block it,

325
00:16:04,280 --> 00:16:05,960
Speaker 1: they tried to prevent it. They went and damage it,

326
00:16:06,000 --> 00:16:07,960
Speaker 1: they destroyed this technology because they.

327
00:16:07,840 --> 00:16:08,880
Speaker 2: Didn't want it to be there.

328
00:16:09,600 --> 00:16:12,880
Speaker 1: What's going to happen to the old system of working

329
00:16:13,720 --> 00:16:17,400
Speaker 1: toiling by hand in the field. What will these five

330
00:16:17,440 --> 00:16:20,120
Speaker 1: thousand men do. Well, it turns out they did, you know,

331
00:16:20,240 --> 00:16:24,320
Speaker 1: science and medicine and technology and other more important things.

332
00:16:24,880 --> 00:16:29,160
Speaker 1: And so these ludites like Senator Elizabeth Warren, they want

333
00:16:29,200 --> 00:16:33,680
Speaker 1: to stop it, literally running an anti crypto campaign.

334
00:16:33,960 --> 00:16:35,600
Speaker 2: It's insane.

335
00:16:36,440 --> 00:16:41,000
Speaker 1: She's saying that this Digital Asset Money Laundering Act that

336
00:16:41,080 --> 00:16:45,280
Speaker 1: she's trying to push forward is basically going to kill

337
00:16:45,360 --> 00:16:48,040
Speaker 1: it as we know it, because again, it's a threat

338
00:16:48,080 --> 00:16:53,240
Speaker 1: to their system. Now, the insanity that we have groundbreaking

339
00:16:53,440 --> 00:17:00,240
Speaker 1: revolutionary technology like bitcoin, blockchain, cryptocurrency like AI that's literally

340
00:17:00,280 --> 00:17:02,560
Speaker 1: going to change the world for the future for my kids,

341
00:17:02,600 --> 00:17:05,520
Speaker 1: your kids, grandkids, et cetera. And we have eighty year

342
00:17:05,560 --> 00:17:09,160
Speaker 1: olds in office making decisions now. The average age for

343
00:17:09,040 --> 00:17:13,600
Speaker 1: a fortune five hundred CEO is fifty five. I don't

344
00:17:13,600 --> 00:17:16,640
Speaker 1: think there's really any CEOs in fortune five hundred after

345
00:17:16,760 --> 00:17:17,760
Speaker 1: like sixty five.

346
00:17:18,160 --> 00:17:19,760
Speaker 2: They can't. It's not their fall.

347
00:17:19,800 --> 00:17:21,479
Speaker 1: I'm sorry if you follow this camp, but you're just

348
00:17:21,480 --> 00:17:23,640
Speaker 1: not up to the same technology standards as.

349
00:17:23,520 --> 00:17:24,080
Speaker 2: The kids are.

350
00:17:24,359 --> 00:17:27,359
Speaker 1: And to have eighty year olds passing bills like the

351
00:17:27,440 --> 00:17:31,760
Speaker 1: Ledites trying to stop progress is insane. If you're just

352
00:17:31,760 --> 00:17:33,560
Speaker 1: tuning in you're listening to the Mark mah Show talking

353
00:17:33,600 --> 00:17:36,600
Speaker 1: about the decentralized Revolution, running through some of the biggest

354
00:17:36,760 --> 00:17:38,800
Speaker 1: breaking news headlines this week as we look at it

355
00:17:38,800 --> 00:17:43,040
Speaker 1: through the lens of politics, finance, and technology. Now coming up,

356
00:17:43,080 --> 00:17:45,560
Speaker 1: I want to talk more about what's going on in

357
00:17:45,600 --> 00:17:49,720
Speaker 1: the technology space, specifically getting more into AI, what politics

358
00:17:49,720 --> 00:17:52,200
Speaker 1: are saying about AI, et cetera. And then I want

359
00:17:52,240 --> 00:17:54,520
Speaker 1: to get into what the government's trying to do to

360
00:17:55,320 --> 00:17:58,800
Speaker 1: again entrench their position and prevent themselves from being overturned.

361
00:17:58,960 --> 00:18:00,720
Speaker 1: We'll talk about the deep state. I'm going to talk

362
00:18:00,720 --> 00:18:02,080
Speaker 1: about that when I come back in a minute. Don't

363
00:18:02,080 --> 00:18:04,879
Speaker 1: go away on your back, all right, Welcome back. If

364
00:18:04,880 --> 00:18:06,920
Speaker 1: you're just tuning and you're listening to the Mark mass Show.

365
00:18:06,960 --> 00:18:10,119
Speaker 1: Of course we're talking about the decentralized revolution each and

366
00:18:10,160 --> 00:18:13,880
Speaker 1: every week, running through the latest breaking news headlines this week,

367
00:18:13,920 --> 00:18:17,560
Speaker 1: and it has this makes my job a little bit

368
00:18:17,600 --> 00:18:19,320
Speaker 1: easier because there's so much stuff to talk about each

369
00:18:19,320 --> 00:18:20,800
Speaker 1: and every week. It's a little bit harder trying to

370
00:18:20,800 --> 00:18:23,119
Speaker 1: figure out what to talk about because there's so many things,

371
00:18:23,160 --> 00:18:25,040
Speaker 1: and you know, were before the break, we were just

372
00:18:25,040 --> 00:18:29,480
Speaker 1: talking about technology and how we have eighty year olds

373
00:18:29,480 --> 00:18:33,960
Speaker 1: in government that are making regulations to prevent new technologies.

374
00:18:35,240 --> 00:18:39,159
Speaker 1: And this has always been the case. As I was

375
00:18:39,160 --> 00:18:41,280
Speaker 1: talking about before the break, I was talking about the

376
00:18:41,359 --> 00:18:45,000
Speaker 1: Luddites that literally tried to stop the industrial revolution. How

377
00:18:45,080 --> 00:18:48,040
Speaker 1: dare we have machines that take away the hard work

378
00:18:48,080 --> 00:18:51,879
Speaker 1: from men? Wouldn't you rather be toiling in the field

379
00:18:52,000 --> 00:18:54,320
Speaker 1: every day, twelve fifteen hours a day, just to grow

380
00:18:54,359 --> 00:18:55,119
Speaker 1: your food and survive.

381
00:18:55,160 --> 00:18:56,720
Speaker 2: Wouldn't you rather have that world?

382
00:18:56,920 --> 00:18:59,320
Speaker 1: Because that's the world we could have if we wouldn't

383
00:18:59,359 --> 00:19:01,640
Speaker 1: have had the industry revolution, if those Ludites had only

384
00:19:01,680 --> 00:19:03,679
Speaker 1: gotten their way, we'd still be in those.

385
00:19:03,560 --> 00:19:05,480
Speaker 2: Dark ages, toiling in the fields by hand.

386
00:19:07,880 --> 00:19:11,240
Speaker 1: It was the candle makers that tried to stop electricity

387
00:19:11,280 --> 00:19:14,320
Speaker 1: because they didn't want light bulbs to put the candle

388
00:19:14,359 --> 00:19:18,399
Speaker 1: makers out of work. Electricity is dangerous, it's gonna kill humanity.

389
00:19:18,640 --> 00:19:21,359
Speaker 1: It's bad to be indoors. We need candles. It was

390
00:19:21,400 --> 00:19:24,320
Speaker 1: the buggy makers that tried to stop the cars. Cars

391
00:19:24,359 --> 00:19:27,840
Speaker 1: are loud, they're polluting, they're dangerous. How dare these cars

392
00:19:27,880 --> 00:19:29,440
Speaker 1: move down these highways going fast?

393
00:19:29,480 --> 00:19:32,920
Speaker 2: They could hurt people. The buggy makers, we.

394
00:19:32,800 --> 00:19:34,880
Speaker 1: Can go, we can go down the line every time

395
00:19:34,920 --> 00:19:37,840
Speaker 1: there's another technological revolution. There's a group of people, the

396
00:19:37,880 --> 00:19:40,679
Speaker 1: incumbents that have the power, that don't want to lose that.

397
00:19:41,040 --> 00:19:43,439
Speaker 1: The buggy makers didn't want to lose their jobs and

398
00:19:43,480 --> 00:19:45,840
Speaker 1: lose the monopoly over that. The candlemakers didn't want to

399
00:19:45,880 --> 00:19:51,640
Speaker 1: lose their jobs. Luckily for us at the time, you know,

400
00:19:51,840 --> 00:19:54,960
Speaker 1: they didn't succeed, and we got the machine so we

401
00:19:54,960 --> 00:19:57,199
Speaker 1: didn't have to toil in the field. We got the cars

402
00:19:57,280 --> 00:19:59,720
Speaker 1: so we can get around the world. Luckily for us,

403
00:19:59,760 --> 00:20:01,560
Speaker 1: we light bulbs so we don't have to sit there

404
00:20:01,600 --> 00:20:03,639
Speaker 1: and breathe fumes from candles and doors all the time.

405
00:20:03,960 --> 00:20:06,159
Speaker 1: Luckily they didn't have their way. But now we're in

406
00:20:06,160 --> 00:20:09,280
Speaker 1: a situation that's a lot different. Now we're in a

407
00:20:09,280 --> 00:20:13,439
Speaker 1: situation where we have revolutionary technology. It's rapidly growing and

408
00:20:13,440 --> 00:20:17,200
Speaker 1: expanding and changing, and we have you know, cryptocurrency and bitcoin,

409
00:20:17,280 --> 00:20:20,480
Speaker 1: we have ai et cetera that literally could change the

410
00:20:20,560 --> 00:20:24,480
Speaker 1: world as we know it for the better. Technology always does,

411
00:20:24,960 --> 00:20:28,520
Speaker 1: but the people that are fearing it are trying to

412
00:20:28,520 --> 00:20:30,400
Speaker 1: stop it. And like I said, we have eighty year

413
00:20:30,400 --> 00:20:36,239
Speaker 1: olds in office regulating this stuff. And I'm sorry, I mean,

414
00:20:36,280 --> 00:20:37,200
Speaker 1: I'm getting older too.

415
00:20:37,400 --> 00:20:39,560
Speaker 2: I get it. Like we just we changed, like.

416
00:20:39,560 --> 00:20:42,560
Speaker 1: We need young people full of energy on the job

417
00:20:42,600 --> 00:20:45,119
Speaker 1: over there, and yet we're not seeing that. As a

418
00:20:45,160 --> 00:20:49,720
Speaker 1: matter of fact, we're getting warnings from the government, like

419
00:20:50,000 --> 00:20:52,520
Speaker 1: for example, this week, there's an article that came out

420
00:20:52,560 --> 00:20:56,120
Speaker 1: and that said warning the twenty twenty four elections could

421
00:20:56,119 --> 00:21:00,520
Speaker 1: be ruined because of AI. AI could ruin it because

422
00:21:00,560 --> 00:21:03,640
Speaker 1: AI could make deep fakes, and we could basically make

423
00:21:04,359 --> 00:21:07,800
Speaker 1: you know, deep fakes, which is like a video or

424
00:21:07,840 --> 00:21:10,840
Speaker 1: audio from President Trump or President Biden.

425
00:21:11,080 --> 00:21:12,480
Speaker 2: But it would be faked.

426
00:21:12,840 --> 00:21:14,880
Speaker 1: And AI is so good now it can do this,

427
00:21:15,760 --> 00:21:17,879
Speaker 1: and you know these deep fakes are going to be

428
00:21:17,920 --> 00:21:21,639
Speaker 1: so good that you know they could be misleading voters. Well,

429
00:21:22,640 --> 00:21:26,720
Speaker 1: if you're being misled by an AI, then you probably

430
00:21:26,760 --> 00:21:27,639
Speaker 1: shouldn't be voting.

431
00:21:27,920 --> 00:21:28,399
Speaker 2: How about that?

432
00:21:29,320 --> 00:21:32,560
Speaker 1: How about we say that? And of course it's all

433
00:21:32,600 --> 00:21:36,720
Speaker 1: for your protection. And one of the problems with the

434
00:21:36,840 --> 00:21:39,439
Speaker 1: I with technology too is it tries to get co opted,

435
00:21:39,720 --> 00:21:41,200
Speaker 1: so one group is going to try to use it

436
00:21:41,240 --> 00:21:44,120
Speaker 1: against their other group. And so now we've seen there's

437
00:21:44,160 --> 00:21:47,360
Speaker 1: been dozens and dozens and dozens of tests where we've

438
00:21:47,400 --> 00:21:49,720
Speaker 1: seen that the AI right now, the big one is

439
00:21:49,760 --> 00:21:50,679
Speaker 1: you know chat, GPT.

440
00:21:50,880 --> 00:21:53,040
Speaker 2: Of course, Google just launched their bart as well.

441
00:21:54,119 --> 00:21:57,680
Speaker 1: But how it's very let's say left.

442
00:21:57,480 --> 00:21:59,400
Speaker 2: Leaning, shall we say right?

443
00:21:59,520 --> 00:22:02,280
Speaker 1: So it's very left leaning and they would say they'd

444
00:22:02,320 --> 00:22:05,320
Speaker 1: ask at certain questions and it would be very pro

445
00:22:05,480 --> 00:22:09,399
Speaker 1: you know, left, and very con against the right, as

446
00:22:09,440 --> 00:22:13,240
Speaker 1: we've seen that. And now so it's been co opted

447
00:22:13,280 --> 00:22:16,160
Speaker 1: by one group and now it looks like we're going

448
00:22:16,240 --> 00:22:20,240
Speaker 1: to have left wing GBT, and now we're going to

449
00:22:20,320 --> 00:22:23,480
Speaker 1: have to have a right wing GBT, which is only

450
00:22:23,520 --> 00:22:27,560
Speaker 1: going to divide the world that much more. So we

451
00:22:27,600 --> 00:22:29,359
Speaker 1: already sort of have this. If you want to know

452
00:22:29,400 --> 00:22:32,879
Speaker 1: why people are kind of so divided, it's because if

453
00:22:32,880 --> 00:22:37,960
Speaker 1: you're watching let's say CNN or you know, one of

454
00:22:38,040 --> 00:22:41,000
Speaker 1: the Washington Post, one of those government mouthpieces, you're getting

455
00:22:41,040 --> 00:22:44,639
Speaker 1: a completely different set of facts than you will if

456
00:22:44,680 --> 00:22:49,360
Speaker 1: you go watch like independent news journalists. And so it's

457
00:22:49,560 --> 00:22:52,399
Speaker 1: it's no wonder, right, like, well, I watched this and

458
00:22:52,400 --> 00:22:53,800
Speaker 1: they told me this. Well, no, I watched this, they

459
00:22:53,800 --> 00:22:55,320
Speaker 1: told me this, and so then the two sides have

460
00:22:55,400 --> 00:23:00,000
Speaker 1: been told two different stories. And when everything becomes politicized,

461
00:23:00,040 --> 00:23:02,200
Speaker 1: that's what happens. And now they want to politicize AI.

462
00:23:02,520 --> 00:23:06,399
Speaker 1: So literally, well, I asked chet, I asked right chat jubt,

463
00:23:06,560 --> 00:23:08,359
Speaker 1: and it gave me this answer. Well, I asked left

464
00:23:08,440 --> 00:23:13,360
Speaker 1: chat gubt, and it gave me this Whatever happened to facts?

465
00:23:14,280 --> 00:23:18,119
Speaker 1: Whatever happened to facts? Whatever happened to data without opinion?

466
00:23:18,960 --> 00:23:20,040
Speaker 2: And the problem is as.

467
00:23:19,920 --> 00:23:21,840
Speaker 1: We start to use these technologies and we start to

468
00:23:21,920 --> 00:23:24,800
Speaker 1: assign more and more of our thought process and critical

469
00:23:24,800 --> 00:23:28,000
Speaker 1: thinking skills to these, unfortunately.

470
00:23:27,440 --> 00:23:29,239
Speaker 2: We're going to get more and more and more of that.

471
00:23:30,160 --> 00:23:32,120
Speaker 1: You know, critical thinking skills is something they.

472
00:23:32,000 --> 00:23:33,719
Speaker 2: Don't teach you in school anymore.

473
00:23:33,760 --> 00:23:36,800
Speaker 1: Unfortunately, before the information age, the problem was how do

474
00:23:36,880 --> 00:23:39,640
Speaker 1: I get enough information? The problem that we have today

475
00:23:39,680 --> 00:23:41,439
Speaker 1: is we have too much information? So how do I

476
00:23:41,520 --> 00:23:44,160
Speaker 1: discern it? And that's why we need critical thinking skills.

477
00:23:44,560 --> 00:23:48,159
Speaker 1: If you had critical thinking skills, the AI deep fakes

478
00:23:48,160 --> 00:23:50,639
Speaker 1: of Biden Trump probably wouldn't be a problem. You could

479
00:23:50,680 --> 00:23:53,400
Speaker 1: you could cut through this, you could see this. If

480
00:23:53,440 --> 00:23:56,359
Speaker 1: that was the case, it's very promising if we use

481
00:23:56,359 --> 00:23:59,080
Speaker 1: it right. We saw an article came out this week

482
00:23:59,160 --> 00:24:02,399
Speaker 1: that AI is the feuwture of offshore oil drilling, and

483
00:24:02,800 --> 00:24:06,640
Speaker 1: shell Shell recently announced plans to use an AI based

484
00:24:06,680 --> 00:24:11,200
Speaker 1: technology in its deep sea exploration and product production activities.

485
00:24:11,400 --> 00:24:16,399
Speaker 1: So Shell can use this new technology to provide a

486
00:24:16,520 --> 00:24:20,080
Speaker 1: safer way to get energy, a more cost effective way

487
00:24:20,080 --> 00:24:25,480
Speaker 1: that could lower our costs of energy, conserve energy. Those

488
00:24:25,560 --> 00:24:28,360
Speaker 1: are all good things I want that we should let

489
00:24:28,400 --> 00:24:31,080
Speaker 1: this technology happen. We don't need a bunch of leadites

490
00:24:31,520 --> 00:24:33,760
Speaker 1: trying to prevent this from happening, and we don't need

491
00:24:33,760 --> 00:24:36,959
Speaker 1: it to be co opted by one political party or another.

492
00:24:38,240 --> 00:24:41,320
Speaker 1: Now it's dangerous because I guess it can be used

493
00:24:41,320 --> 00:24:44,240
Speaker 1: against you in a way where one side controls it

494
00:24:44,280 --> 00:24:47,280
Speaker 1: and politicize it. We saw Google which has now launched

495
00:24:47,440 --> 00:24:50,960
Speaker 1: their own AI called bart, And of course you probably

496
00:24:51,000 --> 00:24:53,160
Speaker 1: know that Google makes its majority of its money from

497
00:24:53,160 --> 00:24:56,199
Speaker 1: its AD platform, So it's no wonder that they're going

498
00:24:56,240 --> 00:24:59,320
Speaker 1: to take their AD platform, their largest source of revenue,

499
00:24:59,520 --> 00:25:01,800
Speaker 1: and their new AI tool and try to put that together.

500
00:25:02,560 --> 00:25:06,040
Speaker 2: Which could be cool, it could also be bad. That's

501
00:25:06,080 --> 00:25:06,800
Speaker 2: how tools are.

502
00:25:06,960 --> 00:25:08,640
Speaker 1: Tools can be used for good, tools can be used

503
00:25:08,640 --> 00:25:12,040
Speaker 1: for bad. Google saying that their new generative AI systems

504
00:25:12,240 --> 00:25:16,080
Speaker 1: for advertising clients will compose text on the fly to

505
00:25:16,240 --> 00:25:19,360
Speaker 1: play off what a person is searching for, and then

506
00:25:19,440 --> 00:25:22,399
Speaker 1: it'll whip up product images to save them time and

507
00:25:22,520 --> 00:25:26,159
Speaker 1: money on design work, So the AI will basically.

508
00:25:25,640 --> 00:25:28,240
Speaker 2: Be trying to read your thoughts.

509
00:25:29,160 --> 00:25:31,399
Speaker 1: It'll build a profile on you, it'll know what your

510
00:25:31,440 --> 00:25:34,880
Speaker 1: search history is, it'll know what you're searching for, and

511
00:25:34,960 --> 00:25:38,560
Speaker 1: will have this profile on you, and it can automatically

512
00:25:38,640 --> 00:25:40,000
Speaker 1: start serving stuff.

513
00:25:39,800 --> 00:25:43,280
Speaker 2: Up to you on the fly. And again, I mean,

514
00:25:43,320 --> 00:25:44,320
Speaker 2: I guess that's good.

515
00:25:44,600 --> 00:25:46,359
Speaker 1: Like I don't want to see ads for stuff I

516
00:25:46,400 --> 00:25:49,440
Speaker 1: don't care about. I'd rather get to what I want

517
00:25:49,600 --> 00:25:51,840
Speaker 1: faster so I can just get it and get off.

518
00:25:52,200 --> 00:25:56,840
Speaker 1: So I suppose that's good. I want the games that

519
00:25:56,880 --> 00:26:00,440
Speaker 1: technology gives me. I want to have more efficiency, right,

520
00:26:00,560 --> 00:26:03,240
Speaker 1: I want that. I just don't want the technology weaponized

521
00:26:03,240 --> 00:26:07,400
Speaker 1: against me. So I don't want it to build these

522
00:26:07,440 --> 00:26:11,119
Speaker 1: profiles and then use that information to then manipulate me,

523
00:26:12,119 --> 00:26:13,560
Speaker 1: or to change me, or to push me in a

524
00:26:13,560 --> 00:26:17,080
Speaker 1: direction they see fit. But if it can literally, you know,

525
00:26:17,200 --> 00:26:19,920
Speaker 1: help me, if it can literally make sure it's stuff

526
00:26:19,960 --> 00:26:21,600
Speaker 1: that I want to see and not stuff I don't

527
00:26:21,640 --> 00:26:23,080
Speaker 1: care about and don't want to see, If it can

528
00:26:23,080 --> 00:26:24,879
Speaker 1: help me get to my answers faster than I want that,

529
00:26:25,440 --> 00:26:27,639
Speaker 1: so it'll be good. We saw also they said that

530
00:26:27,720 --> 00:26:31,800
Speaker 1: the first AI robot has now entered the workforce. We

531
00:26:31,880 --> 00:26:35,040
Speaker 1: have the eve robot Eve robot that's been integrated as

532
00:26:35,040 --> 00:26:40,360
Speaker 1: a security guard in an Android manufacturing site. So you know,

533
00:26:40,520 --> 00:26:43,240
Speaker 1: technology can be good and bad. It really goes bad

534
00:26:43,320 --> 00:26:46,719
Speaker 1: when it's used for bad purposes, when it's used against you,

535
00:26:48,520 --> 00:26:50,119
Speaker 1: and we need to figure out ways to prevent that

536
00:26:50,160 --> 00:26:52,600
Speaker 1: from happening. We don't need to have a left and

537
00:26:52,640 --> 00:26:55,960
Speaker 1: a right CHTGPT. How about we just have one source

538
00:26:56,000 --> 00:26:58,040
Speaker 1: of information. But the problem is is that we're trying

539
00:26:58,080 --> 00:27:02,080
Speaker 1: to use AI to make informations for us as and

540
00:27:02,119 --> 00:27:04,840
Speaker 1: taking away our skill of critical thinking. If you're just

541
00:27:04,840 --> 00:27:06,640
Speaker 1: tuning in you're listening to the Mark Mass Show, we're

542
00:27:06,640 --> 00:27:10,359
Speaker 1: talking about the decentralized revolution through the lens of politics, finance,

543
00:27:10,400 --> 00:27:13,120
Speaker 1: and technology. And of course it's always technology that changes.

544
00:27:12,920 --> 00:27:14,280
Speaker 2: The world, which is why we're talking about that.

545
00:27:14,320 --> 00:27:16,600
Speaker 1: And as some of the latest breaking news headlines this week,

546
00:27:17,119 --> 00:27:19,919
Speaker 1: big changes are happening, and you know it's scary that

547
00:27:19,920 --> 00:27:22,080
Speaker 1: they're trying to create regulations to stop it.

548
00:27:22,280 --> 00:27:25,679
Speaker 2: But they'll only slow it down. You can't take that away.

549
00:27:25,880 --> 00:27:27,520
Speaker 1: I'm going to be back with more headlines than a minute.

550
00:27:27,520 --> 00:27:29,320
Speaker 1: I want to talk about what the government's doing to

551
00:27:29,359 --> 00:27:30,280
Speaker 1: manipulate your thoughts.

552
00:27:30,320 --> 00:27:31,520
Speaker 2: I'll be back with that in a more in a minute.

553
00:27:31,520 --> 00:27:32,840
Speaker 2: Don't go away, all right, Welcome back.

554
00:27:32,840 --> 00:27:34,360
Speaker 1: If you're just tune in, you're listening to the Mark

555
00:27:34,400 --> 00:27:37,280
Speaker 1: Mass Show. We're running through some of the latest breaking

556
00:27:37,320 --> 00:27:39,560
Speaker 1: news headlines this week so you understand what the heck

557
00:27:39,720 --> 00:27:43,880
Speaker 1: was going on this week in regards to the decentralized revolution,

558
00:27:43,920 --> 00:27:46,480
Speaker 1: of course, through lends of politics, finance, and technology. If

559
00:27:46,480 --> 00:27:48,439
Speaker 1: you missed any of the previous segments, don't worry, I

560
00:27:48,440 --> 00:27:50,240
Speaker 1: got your back. You can catch me on the podcast.

561
00:27:50,320 --> 00:27:52,440
Speaker 1: Just go to your favorite podcast player and just search

562
00:27:52,480 --> 00:27:55,159
Speaker 1: the Mark Mass Show. Or you can watch me in

563
00:27:55,280 --> 00:27:57,480
Speaker 1: high def and listen at the same time. Just go

564
00:27:57,520 --> 00:28:00,080
Speaker 1: to YouTube and search Market Disruptors and you can I

565
00:28:00,080 --> 00:28:02,560
Speaker 1: mean there of course all the archives as well if

566
00:28:02,560 --> 00:28:03,520
Speaker 1: you want to catch up on that.

567
00:28:03,600 --> 00:28:05,560
Speaker 2: But you know, some big news this week.

568
00:28:05,760 --> 00:28:07,680
Speaker 1: You know we've been talking about in the previous segments,

569
00:28:07,680 --> 00:28:10,080
Speaker 1: talking about the way technology is changing things, whether it's

570
00:28:10,200 --> 00:28:12,119
Speaker 1: you know, bitcoin, crypto, and how the government wants to

571
00:28:12,119 --> 00:28:14,879
Speaker 1: stop that. And now AI is promising to do a

572
00:28:14,880 --> 00:28:16,359
Speaker 1: lot of good and the government wants to kind of

573
00:28:16,359 --> 00:28:19,439
Speaker 1: crack down and take away that. And it's kind of

574
00:28:19,480 --> 00:28:22,880
Speaker 1: the same story where you have these people in power

575
00:28:22,920 --> 00:28:25,159
Speaker 1: that don't want to lose power and they'll do anything

576
00:28:25,160 --> 00:28:29,679
Speaker 1: they can to maintain that power. And this week we

577
00:28:29,720 --> 00:28:33,000
Speaker 1: had some really, really really big stories.

578
00:28:32,520 --> 00:28:33,320
Speaker 2: Pop up on that.

579
00:28:33,440 --> 00:28:37,280
Speaker 1: As a matter of fact, the Durham Report came out. Now,

580
00:28:37,320 --> 00:28:39,040
Speaker 1: the Durham Report is a report that we've been waiting

581
00:28:39,080 --> 00:28:41,400
Speaker 1: on for a really long time, which was a very

582
00:28:41,600 --> 00:28:48,200
Speaker 1: deep and long process of researching what was going on

583
00:28:48,280 --> 00:28:49,280
Speaker 1: with the Trump.

584
00:28:49,160 --> 00:28:54,080
Speaker 2: Russia collusion probe. It was a probe into that, it

585
00:28:54,160 --> 00:28:56,120
Speaker 2: was a report into that. It was a.

586
00:28:56,040 --> 00:28:58,560
Speaker 1: Special investigator that was assigned to this to figure out

587
00:28:58,600 --> 00:29:02,479
Speaker 1: what the heck going on was going on and it

588
00:29:02,520 --> 00:29:06,640
Speaker 1: was released and it basically confirmed everything that we already knew,

589
00:29:06,960 --> 00:29:13,240
Speaker 1: which is Obama and Hillary and the intelligence community colluded

590
00:29:13,760 --> 00:29:20,360
Speaker 1: conspiracy to create a fake Russia dossier, the Steel Report,

591
00:29:21,160 --> 00:29:24,440
Speaker 1: and then colluded to work together to use it in

592
00:29:25,400 --> 00:29:30,680
Speaker 1: coordination with the media to stop and block and even

593
00:29:30,720 --> 00:29:34,960
Speaker 1: remove the sitting active president Donald Trump. It's literally what's

594
00:29:35,000 --> 00:29:39,280
Speaker 1: called the coup. A group of people that are out Obama,

595
00:29:39,320 --> 00:29:43,320
Speaker 1: Hillary are out working with the intelligence community, the military

596
00:29:44,240 --> 00:29:47,640
Speaker 1: to oust to sitting president.

597
00:29:47,680 --> 00:29:49,680
Speaker 2: That's a coup. It's a failed coup.

598
00:29:50,160 --> 00:29:51,560
Speaker 1: Which is why they've been trying to stop it and

599
00:29:51,560 --> 00:29:54,400
Speaker 1: block it from coming out for so long. Some key

600
00:29:54,480 --> 00:30:00,040
Speaker 1: takeaways from the Durham report show exactly what happened and

601
00:30:00,080 --> 00:30:02,720
Speaker 1: has reignited the debate about, you know, race and police

602
00:30:02,800 --> 00:30:06,360
Speaker 1: in the United States. But it said that there was

603
00:30:06,680 --> 00:30:10,640
Speaker 1: he found information to show that the police department had

604
00:30:10,640 --> 00:30:13,360
Speaker 1: engaged in a pattern and a practice of racial profile.

605
00:30:17,120 --> 00:30:20,200
Speaker 1: We found all, I mean, basically all the smoking guns

606
00:30:20,200 --> 00:30:23,840
Speaker 1: of the report, that everything that we thought was in

607
00:30:23,880 --> 00:30:28,520
Speaker 1: there was now they didn't, for some reason, recommend action,

608
00:30:29,200 --> 00:30:30,760
Speaker 1: which is interesting.

609
00:30:31,680 --> 00:30:32,720
Speaker 2: That they would.

610
00:30:32,480 --> 00:30:34,280
Speaker 1: Come out with this and say that everything that we

611
00:30:34,360 --> 00:30:37,760
Speaker 1: knew about Russia Gate has been confirmed, but yet we're

612
00:30:37,840 --> 00:30:38,720
Speaker 1: not going.

613
00:30:38,520 --> 00:30:40,560
Speaker 2: To do anything with it.

614
00:30:40,720 --> 00:30:44,360
Speaker 1: Pretty interesting, But that would seem very interesting except that

615
00:30:44,400 --> 00:30:47,120
Speaker 1: you have to remember that this was collusion with the

616
00:30:47,160 --> 00:30:50,640
Speaker 1: intelligence and the FBI, So of course they're not going

617
00:30:50,640 --> 00:30:53,320
Speaker 1: to recommend action when they were the ones in on it.

618
00:30:53,640 --> 00:30:55,840
Speaker 1: You're not going to recommend or arrest yourself, are you?

619
00:30:57,720 --> 00:31:02,800
Speaker 1: But luckily it's not. We have a Jim Jordan, one

620
00:31:02,840 --> 00:31:05,400
Speaker 1: of the very few people that are left in government

621
00:31:05,400 --> 00:31:07,080
Speaker 1: that I think is still trying to fight for the

622
00:31:07,200 --> 00:31:11,480
Speaker 1: interests of the American people. And he's not going to

623
00:31:11,560 --> 00:31:13,600
Speaker 1: let it go away easily. He talked about ways that

624
00:31:13,640 --> 00:31:15,880
Speaker 1: he could pick up on the investigation leads from the

625
00:31:15,960 --> 00:31:19,320
Speaker 1: Durham Report. As I said, you know, heavily criticized the FBI.

626
00:31:19,400 --> 00:31:21,640
Speaker 1: It's probe into the links between you know this Donald

627
00:31:21,640 --> 00:31:23,160
Speaker 1: Trump and Russia and me.

628
00:31:23,200 --> 00:31:24,960
Speaker 2: He said, we're going to talk to our lawyers, that's

629
00:31:24,960 --> 00:31:25,400
Speaker 2: what he said.

630
00:31:25,440 --> 00:31:27,040
Speaker 1: He said, we're going to talk with the House Speaker

631
00:31:27,120 --> 00:31:30,120
Speaker 1: Kevin McCarty and figure out where to proceed from here.

632
00:31:32,400 --> 00:31:34,560
Speaker 1: He said, nothing's off the table because it's critical the

633
00:31:34,560 --> 00:31:38,200
Speaker 1: American people understand how the government their agencies have turned

634
00:31:38,320 --> 00:31:41,800
Speaker 1: on them and the taxpayer, and they want to get

635
00:31:41,840 --> 00:31:44,480
Speaker 1: all the facts out. Yes, get all the facts out.

636
00:31:44,640 --> 00:31:47,160
Speaker 1: That's what we need. Transparency. You know, you're here all

637
00:31:47,160 --> 00:31:50,400
Speaker 1: the time. The government's fighting disinformation, misinformation, blah blah blah.

638
00:31:50,440 --> 00:31:53,760
Speaker 1: There's only so much misinformation because we're left to well,

639
00:31:53,760 --> 00:31:57,280
Speaker 1: we know we're being led in gas lit. We get

640
00:31:57,320 --> 00:32:00,000
Speaker 1: no transparency, and so we're left to let our image

641
00:32:00,120 --> 00:32:02,120
Speaker 1: nation run wild. If they want to stop that, they

642
00:32:02,160 --> 00:32:04,840
Speaker 1: have to be transparent. They have to get this out there.

643
00:32:05,560 --> 00:32:08,800
Speaker 1: Talking about that, you know, understanding this whole Russia collusion thing.

644
00:32:08,920 --> 00:32:14,000
Speaker 1: This entire thing was started just to get Trump out,

645
00:32:14,080 --> 00:32:16,520
Speaker 1: a coup, and as I said, the FBI was in

646
00:32:16,600 --> 00:32:18,600
Speaker 1: on it now part of the SBI. We saw this

647
00:32:18,640 --> 00:32:22,200
Speaker 1: week as well that there was a couple FBI whistleblowers

648
00:32:22,200 --> 00:32:27,000
Speaker 1: that came forward, and these FBI whistleblowers came forward, made

649
00:32:27,000 --> 00:32:30,200
Speaker 1: some reports and they had to go on, you know,

650
00:32:30,280 --> 00:32:34,600
Speaker 1: into committee and give testimony, and they exposed FBI corruption

651
00:32:35,000 --> 00:32:40,760
Speaker 1: and ongoing persecution of political opponents. In playing sight and

652
00:32:40,840 --> 00:32:46,480
Speaker 1: Plane and Plane speech, they accused the FBI of engaging

653
00:32:46,480 --> 00:32:51,480
Speaker 1: in highly corrupt and partisan activity during a House Judiciary committee.

654
00:32:51,520 --> 00:32:54,800
Speaker 1: So the Durham report shows us that now we have

655
00:32:54,840 --> 00:33:00,640
Speaker 1: people inside the FBI that are literally coming out and saying, yes,

656
00:33:01,400 --> 00:33:02,240
Speaker 1: this is what's happening.

657
00:33:02,280 --> 00:33:03,520
Speaker 2: It's happening. We were there.

658
00:33:06,840 --> 00:33:10,760
Speaker 1: They voiced all types of all types of problems. And

659
00:33:10,880 --> 00:33:14,080
Speaker 1: you know, something that Obama had run on was that

660
00:33:14,120 --> 00:33:16,719
Speaker 1: he wanted to protect whistleblowers. But now all they do

661
00:33:16,800 --> 00:33:19,880
Speaker 1: is retaliate against whistleblowers as.

662
00:33:19,800 --> 00:33:22,280
Speaker 2: A matter of fact.

663
00:33:22,600 --> 00:33:26,959
Speaker 1: Shameful Rep. Linda Sanchez, I believe from California. That's why

664
00:33:27,000 --> 00:33:30,360
Speaker 1: I say shameful. She came out and just tried to

665
00:33:30,440 --> 00:33:33,000
Speaker 1: smear these guys all over the place.

666
00:33:33,000 --> 00:33:33,520
Speaker 2: As a matter of.

667
00:33:33,520 --> 00:33:36,440
Speaker 1: Fact, I saw some of the testimony Rep. Linda Sanchez,

668
00:33:36,480 --> 00:33:40,080
Speaker 1: Democrat from California, trying to discredit the FBI whistleblower on

669
00:33:40,200 --> 00:33:44,720
Speaker 1: Thursday using a random Twitter account that shared a conspiracy theory,

670
00:33:45,040 --> 00:33:49,120
Speaker 1: and she said, mister Allen, have you ever used Twitter?

671
00:33:49,200 --> 00:33:49,720
Speaker 2: Yes or no?

672
00:33:50,080 --> 00:33:53,800
Speaker 1: And mister Allen was the FBI informant and he says, yes,

673
00:33:53,840 --> 00:33:58,120
Speaker 1: I have utilized Twitter, yes, ma'am. And Sanchez then said, okay,

674
00:33:58,160 --> 00:34:01,680
Speaker 1: Twitter user name Marcus A nine seven, five, six, four

675
00:34:01,800 --> 00:34:04,600
Speaker 1: or five and demanded to know whether that account belongs

676
00:34:04,600 --> 00:34:08,200
Speaker 1: to mister Allen, and mister Allen said, Uh, no, that's

677
00:34:08,600 --> 00:34:09,840
Speaker 1: absolutely not my account.

678
00:34:10,520 --> 00:34:14,120
Speaker 2: It doesn't have my name, that's not me. But she

679
00:34:14,160 --> 00:34:14,799
Speaker 2: didn't let it go.

680
00:34:15,239 --> 00:34:19,280
Speaker 1: She went on to start reading from that and uh

681
00:34:19,520 --> 00:34:22,520
Speaker 1: and read this post and she demanded that mister Allen

682
00:34:23,280 --> 00:34:26,839
Speaker 1: respond to that, and he said, look, that's not my account,

683
00:34:27,640 --> 00:34:28,960
Speaker 1: and she's and she says, you have to let me

684
00:34:29,000 --> 00:34:31,759
Speaker 1: finish the question, and so she went on to read

685
00:34:31,760 --> 00:34:36,040
Speaker 1: it and uh, He's like, look, that's not my that's

686
00:34:36,040 --> 00:34:38,399
Speaker 1: not my account. Like, I don't know what you're trying

687
00:34:38,400 --> 00:34:39,799
Speaker 1: to what you're trying to say, what you're trying to do.

688
00:34:39,760 --> 00:34:40,600
Speaker 2: That's like, not my account.

689
00:34:40,680 --> 00:34:42,600
Speaker 1: So she was basically taking some random account that said

690
00:34:42,600 --> 00:34:44,319
Speaker 1: some random thing and say that he said it, even

691
00:34:44,360 --> 00:34:47,080
Speaker 1: though he's saying, look, that wasn't me. Now, these FBI

692
00:34:47,120 --> 00:34:51,560
Speaker 1: informants were not some right wing some no you know,

693
00:34:51,640 --> 00:34:53,759
Speaker 1: no name informants.

694
00:34:54,000 --> 00:34:56,160
Speaker 2: These were decorated officials.

695
00:34:57,000 --> 00:34:59,960
Speaker 1: They had been received, you know, recommendations, they had been receiving,

696
00:35:00,520 --> 00:35:04,279
Speaker 1: you know, one of them was like Agent of the

697
00:35:04,320 --> 00:35:07,880
Speaker 1: Year or whatever at his post. These were not just

698
00:35:07,960 --> 00:35:12,200
Speaker 1: some random wacko people here, and yet they're being smeared.

699
00:35:13,280 --> 00:35:15,440
Speaker 1: I mean, think about that for a minute. Now, on

700
00:35:15,520 --> 00:35:18,720
Speaker 1: top of all that we have, as all this is happening,

701
00:35:19,239 --> 00:35:23,640
Speaker 1: we have reports where now the Democrats want to back

702
00:35:23,680 --> 00:35:27,279
Speaker 1: a new bill for a new federal agency because we

703
00:35:27,320 --> 00:35:29,200
Speaker 1: don't have enough. They want to create a new federal

704
00:35:29,239 --> 00:35:33,480
Speaker 1: agency to police Americans for misinformation and.

705
00:35:33,480 --> 00:35:34,240
Speaker 2: For hate speech.

706
00:35:36,880 --> 00:35:40,240
Speaker 1: So they brought forth a new bill by Democrat Senator

707
00:35:40,280 --> 00:35:43,360
Speaker 1: Michael Bennett from Democrat from Colorado called quote the Digital

708
00:35:43,400 --> 00:35:46,080
Speaker 1: Platform Commission Act, and it would flag miss information and

709
00:35:46,120 --> 00:35:49,520
Speaker 1: hate speech on the Internet. But they're the ones doing

710
00:35:49,560 --> 00:35:52,600
Speaker 1: it now, I'm not saying both sides don't participate in it,

711
00:35:52,760 --> 00:35:55,479
Speaker 1: but here we have. I've just rattled off multiple times

712
00:35:55,520 --> 00:35:58,600
Speaker 1: where the misinformation has come directly from them. Literally, the

713
00:35:58,640 --> 00:36:01,880
Speaker 1: Durham Report shows that Hillary and Obama and the intelligence

714
00:36:01,880 --> 00:36:06,200
Speaker 1: community faked an entire dossier and used it to try

715
00:36:06,200 --> 00:36:08,680
Speaker 1: to get a sitting president out. That is what's called

716
00:36:08,719 --> 00:36:14,560
Speaker 1: misinformation disinformation. I literally just read you verbatim testimony from

717
00:36:15,080 --> 00:36:19,560
Speaker 1: Democrat Sanchez trying to smear an FBI informant that literally

718
00:36:19,600 --> 00:36:20,920
Speaker 1: that was misinformation.

719
00:36:21,280 --> 00:36:22,479
Speaker 2: Anyway, I'm on a rant.

720
00:36:22,719 --> 00:36:24,560
Speaker 1: If you're just to listen to the Mark Maas Show,

721
00:36:24,760 --> 00:36:27,400
Speaker 1: we're of course talking about the decentralized revolution, the way

722
00:36:27,440 --> 00:36:29,759
Speaker 1: the world is changing, and we can see it everywhere

723
00:36:29,800 --> 00:36:31,400
Speaker 1: we look. We can see it in politics, we can

724
00:36:31,400 --> 00:36:33,640
Speaker 1: see it in finance, and we can see it in technology.

725
00:36:33,840 --> 00:36:35,160
Speaker 1: If you missed any of it, catch me on the

726
00:36:35,160 --> 00:36:38,160
Speaker 1: podcast The Mark mass Show on your favorite podcast player.

727
00:36:38,200 --> 00:36:40,759
Speaker 1: Are on YouTube at Market Disruptors, hit me up on

728
00:36:40,800 --> 00:36:43,160
Speaker 1: Twitter at one Mark Moss and that's what I got.

729
00:36:43,160 --> 00:36:44,719
Speaker 2: Thanks so much for listening. Until next time,