1 00:00:00,240 --> 00:00:02,480 Speaker 1: Hello, and welcome back to another episode of The Mark 2 00:00:02,520 --> 00:00:05,480 Speaker 1: Mass Show, where we talk about the decentralized revolution. Of course, 3 00:00:05,480 --> 00:00:08,639 Speaker 1: how the world is changing, of course, is right before 4 00:00:08,640 --> 00:00:11,079 Speaker 1: our very eyes, going from a world of centralization and 5 00:00:11,119 --> 00:00:14,560 Speaker 1: decentralization as we look at it through the lens of politics, finance, 6 00:00:14,720 --> 00:00:18,040 Speaker 1: and technology. Of course, it's always technology that changes the world, 7 00:00:18,600 --> 00:00:22,240 Speaker 1: and that technology is bitcoin that is changing everything as 8 00:00:22,239 --> 00:00:23,600 Speaker 1: we know it. But we want to look at all 9 00:00:23,640 --> 00:00:26,040 Speaker 1: three of those subjects to really get context of what's 10 00:00:26,079 --> 00:00:29,400 Speaker 1: going on so we can understand what is happening. So, 11 00:00:29,680 --> 00:00:31,280 Speaker 1: you know, I was looking through some of these news 12 00:00:31,360 --> 00:00:34,599 Speaker 1: headlines this week, and boy, it has been crazy. I 13 00:00:34,600 --> 00:00:36,360 Speaker 1: brought in my buddy Q to come in and kind 14 00:00:36,400 --> 00:00:38,199 Speaker 1: of help dissect some of these What's. 15 00:00:38,040 --> 00:00:40,680 Speaker 2: Up, Q and mar thank you for having me. 16 00:00:40,960 --> 00:00:42,720 Speaker 1: Yeah, man, I thought, you know, we just run through these. 17 00:00:42,760 --> 00:00:44,600 Speaker 1: Q and I just worked the news desk together in 18 00:00:44,640 --> 00:00:46,920 Speaker 1: Miami and at the bitcoin conference. 19 00:00:47,000 --> 00:00:47,640 Speaker 2: It was a lot of fun. 20 00:00:47,680 --> 00:00:49,720 Speaker 1: So I thought we'd maybe do do that again here 21 00:00:49,760 --> 00:00:51,800 Speaker 1: on this show. And you know, Q, man, it has 22 00:00:51,840 --> 00:00:54,200 Speaker 1: been crazy this week. The big debate was this debt 23 00:00:54,200 --> 00:00:57,240 Speaker 1: ceiling going on, and it kind of came down to 24 00:00:57,280 --> 00:01:00,440 Speaker 1: the last minute looking like maybe a deal with happened. 25 00:01:00,440 --> 00:01:03,120 Speaker 1: I thought that maybe the Republicans would kind of hold 26 00:01:03,120 --> 00:01:05,840 Speaker 1: on a little bit better. But they seem to just 27 00:01:06,760 --> 00:01:09,720 Speaker 1: absolutely cave is what it looked like. They gave up 28 00:01:09,760 --> 00:01:15,160 Speaker 1: almost nothing back. Basically, we have no cap anymore. I mean, 29 00:01:15,240 --> 00:01:18,440 Speaker 1: now there's we went from four trillion spending pre pandemic 30 00:01:18,440 --> 00:01:21,160 Speaker 1: to six trillion spending, so now that's the new normal baseline. 31 00:01:21,160 --> 00:01:23,160 Speaker 1: We're not even going back to that, and now we 32 00:01:23,200 --> 00:01:26,680 Speaker 1: have this unlimited cap and they pushed it out the 33 00:01:26,720 --> 00:01:28,640 Speaker 1: next one. A lot of times, I'll kick the debt 34 00:01:28,640 --> 00:01:32,200 Speaker 1: selling debate down a year, maybe two years. They decided 35 00:01:32,240 --> 00:01:35,480 Speaker 1: to push this through January twenty one, twenty point five, 36 00:01:35,480 --> 00:01:39,559 Speaker 1: which is after Biden's next election, and then the big 37 00:01:39,600 --> 00:01:41,640 Speaker 1: one that I hated to see was only one point 38 00:01:41,720 --> 00:01:44,640 Speaker 1: four billion of the eighty billion going to new IRS 39 00:01:44,680 --> 00:01:46,920 Speaker 1: agents got carved out. I mean, was this just an 40 00:01:46,959 --> 00:01:48,080 Speaker 1: absolute cave or what? 41 00:01:49,960 --> 00:01:53,320 Speaker 3: I definitely think that. Unfortunately for the Republicans, they seem 42 00:01:53,360 --> 00:01:55,600 Speaker 3: to have just lost their eye on the ball. You 43 00:01:55,600 --> 00:01:57,960 Speaker 3: said it best like there's no salary cap. As a 44 00:01:57,960 --> 00:02:00,400 Speaker 3: sports guy, could you imagine and all of the sudden, 45 00:02:01,360 --> 00:02:04,160 Speaker 3: your favorite NFL team and then their rival, just you 46 00:02:04,160 --> 00:02:08,400 Speaker 3: can outbid anyone you could ever want, and you are 47 00:02:08,480 --> 00:02:12,000 Speaker 3: doing this repeatedly to a point where unfortunately you're losing credibility. 48 00:02:12,320 --> 00:02:15,240 Speaker 3: The Republicans were expecting a red wave during the twenty 49 00:02:15,280 --> 00:02:18,359 Speaker 3: twenty two election, and fortunately didn't necessarily win as many 50 00:02:18,400 --> 00:02:20,920 Speaker 3: seats as they wanted, especially not in the Senate, and 51 00:02:20,960 --> 00:02:23,760 Speaker 3: they at least got the House. But unfortunately, now that 52 00:02:23,800 --> 00:02:25,600 Speaker 3: they got the House, they didn't follow through on some 53 00:02:25,639 --> 00:02:28,000 Speaker 3: of their promises. We'll talk about this a little bit more, 54 00:02:28,080 --> 00:02:30,040 Speaker 3: but I think this really just opens the door for 55 00:02:30,240 --> 00:02:31,400 Speaker 3: Trump in twenty twenty four. 56 00:02:32,200 --> 00:02:33,080 Speaker 2: Yeah. Maybe, you know. 57 00:02:33,480 --> 00:02:35,640 Speaker 1: The one thing I see is, you know, I know 58 00:02:35,919 --> 00:02:38,200 Speaker 1: both of us, we have different views. Everyone's had different views, 59 00:02:38,240 --> 00:02:40,600 Speaker 1: and that's okay. I just think it's like, man, I 60 00:02:40,639 --> 00:02:42,080 Speaker 1: look at a bunch of the polls and like the 61 00:02:42,120 --> 00:02:45,000 Speaker 1: American people did not want the debts. 62 00:02:45,040 --> 00:02:45,680 Speaker 2: To be lifted. 63 00:02:45,680 --> 00:02:48,280 Speaker 1: They didn't want that, that's what the people wanted. And 64 00:02:48,320 --> 00:02:51,480 Speaker 1: then you have, you know, both both red and blue 65 00:02:51,800 --> 00:02:54,360 Speaker 1: both went in and just just did it right. And 66 00:02:54,400 --> 00:02:56,880 Speaker 1: it's like they're not really taking in the will of 67 00:02:56,919 --> 00:03:00,919 Speaker 1: the people. It seems like, and you know, I'm afraid 68 00:03:00,919 --> 00:03:03,760 Speaker 1: of what this means with this unlimited spending bill, and 69 00:03:03,840 --> 00:03:05,440 Speaker 1: a couple of things that I saw too that I 70 00:03:05,520 --> 00:03:08,400 Speaker 1: that I thought was pretty pretty interesting, is, you know, 71 00:03:08,639 --> 00:03:10,960 Speaker 1: one of the big problems that we have is we 72 00:03:11,040 --> 00:03:14,080 Speaker 1: have these lawmakers making laws that don't seem to read 73 00:03:14,120 --> 00:03:17,200 Speaker 1: the laws. We had like this omnibus bill that went 74 00:03:17,240 --> 00:03:20,880 Speaker 1: through where they basically brought in four thousand pages right 75 00:03:20,919 --> 00:03:23,640 Speaker 1: before Christmas break and said you have to like sign 76 00:03:23,760 --> 00:03:25,960 Speaker 1: this whole thing. And then in that thing is there's 77 00:03:26,040 --> 00:03:28,480 Speaker 1: like full of like all kinds of garbage that nobody 78 00:03:28,480 --> 00:03:30,280 Speaker 1: would vote for if they had the time to kind 79 00:03:30,280 --> 00:03:32,320 Speaker 1: of read it. And that's kind of what they do 80 00:03:32,400 --> 00:03:34,880 Speaker 1: over and over. And as I was reading through this, 81 00:03:35,120 --> 00:03:37,320 Speaker 1: it looks like it even opens up the door to 82 00:03:37,400 --> 00:03:40,840 Speaker 1: get more of that done. So again, in this bill, 83 00:03:41,640 --> 00:03:43,720 Speaker 1: it's not just about how much do we raise the 84 00:03:43,760 --> 00:03:47,040 Speaker 1: debt ceiling. There's like all types of concessions that go 85 00:03:47,160 --> 00:03:49,520 Speaker 1: in there, and one of them was even opening up 86 00:03:49,520 --> 00:03:51,880 Speaker 1: the door for the omnibus bill. So it just seems 87 00:03:51,920 --> 00:03:55,240 Speaker 1: like at a time when the American people seem to 88 00:03:55,240 --> 00:03:59,800 Speaker 1: be hurting, you know, inflation has been raging, that seems 89 00:03:59,800 --> 00:04:01,960 Speaker 1: to be a big topic that they're trying to supposedly 90 00:04:02,000 --> 00:04:05,560 Speaker 1: take care of They didn't. They didn't take into consideration 91 00:04:05,640 --> 00:04:08,040 Speaker 1: what the people wanted, and they just rammed in more spending. 92 00:04:09,760 --> 00:04:12,680 Speaker 3: I mean, it's tough to ask people who get to 93 00:04:12,680 --> 00:04:15,160 Speaker 3: make their own budgets, make their own salaries, then go 94 00:04:15,200 --> 00:04:18,240 Speaker 3: and actually, you know, have a little austerity around finances. 95 00:04:18,240 --> 00:04:21,720 Speaker 3: But I do think this opened the door for a 96 00:04:21,720 --> 00:04:24,360 Speaker 3: lot of presidential candidates to run on a platform of 97 00:04:24,440 --> 00:04:28,159 Speaker 3: financial austerity and have a stricter budget. That will be 98 00:04:28,200 --> 00:04:30,680 Speaker 3: a main talking point I think for the next year 99 00:04:30,720 --> 00:04:34,320 Speaker 3: and a half leading into this presidential election. Unfortunately, to 100 00:04:34,360 --> 00:04:36,080 Speaker 3: your point, like the American people, they don't want the 101 00:04:36,120 --> 00:04:39,560 Speaker 3: dead ceiling raised, they want the budget handled. This is 102 00:04:39,600 --> 00:04:41,760 Speaker 3: their job, this is the job of lawmakers to hey, 103 00:04:42,000 --> 00:04:45,160 Speaker 3: you have more than enough money. We are talking trillions 104 00:04:45,160 --> 00:04:47,400 Speaker 3: and trillions of dollars of a budget, and you're telling 105 00:04:47,440 --> 00:04:49,599 Speaker 3: me you couldn't have figured this out without raising the 106 00:04:49,640 --> 00:04:52,520 Speaker 3: budget ceiling. You couldn't have figured this out by Hey, 107 00:04:52,560 --> 00:04:54,520 Speaker 3: maybe we need to cut spending in certain areas that 108 00:04:54,839 --> 00:04:56,680 Speaker 3: we shouldn't be spending as much, like I don't know 109 00:04:56,880 --> 00:04:59,480 Speaker 3: sending all of this aid money to Ukraine for some reason. 110 00:05:01,279 --> 00:05:03,520 Speaker 1: Do you think though that like because the problem with 111 00:05:03,560 --> 00:05:07,320 Speaker 1: politics is like you're promising favors, right, I mean, unfortunately 112 00:05:07,440 --> 00:05:11,240 Speaker 1: today you're buying votes, is what you're doing. And so like, 113 00:05:11,800 --> 00:05:16,200 Speaker 1: how could any politician win on a campaign of austerity? 114 00:05:16,240 --> 00:05:17,760 Speaker 1: So for people that don't know what that word means, 115 00:05:17,800 --> 00:05:20,280 Speaker 1: it's but basically means living within your means, like living 116 00:05:20,279 --> 00:05:22,680 Speaker 1: on a budget. So in order to do that, they're 117 00:05:22,680 --> 00:05:25,440 Speaker 1: going to have to cut spending, to your point, And 118 00:05:25,480 --> 00:05:28,720 Speaker 1: so how could any politician actually get elected on a 119 00:05:28,760 --> 00:05:31,000 Speaker 1: campaign to take away money from somebody? 120 00:05:31,080 --> 00:05:32,000 Speaker 2: Like, that's gonna be tough. 121 00:05:33,000 --> 00:05:35,880 Speaker 3: You do it the exact way every politician gets elected. 122 00:05:36,080 --> 00:05:37,760 Speaker 3: Your prom is a whole lot of lives that you 123 00:05:37,760 --> 00:05:40,200 Speaker 3: don't you don't you don't follow through on the campaign 124 00:05:40,240 --> 00:05:43,640 Speaker 3: promises like that. That's unfortunately just the recipe that we need. 125 00:05:43,680 --> 00:05:46,840 Speaker 3: We need a politician to take charge in that way. Unfortunately. 126 00:05:48,040 --> 00:05:50,200 Speaker 1: Yeah, I mean, I think to your point, I think, 127 00:05:50,440 --> 00:05:52,400 Speaker 1: you know, obviously to the point I think was sixty 128 00:05:52,440 --> 00:05:54,240 Speaker 1: six percent of American people said that they did not 129 00:05:54,480 --> 00:05:56,960 Speaker 1: support the debt ceilion increase. And I think a couple 130 00:05:56,920 --> 00:05:58,159 Speaker 1: of things you have to kind of keep in mind 131 00:05:58,240 --> 00:06:00,560 Speaker 1: is so as I already said, like we already because 132 00:06:00,560 --> 00:06:02,880 Speaker 1: of the pandemic. We already increased the budget from four 133 00:06:02,960 --> 00:06:07,320 Speaker 1: trillion to six trillion. That's a fifty percent increase. Like 134 00:06:07,880 --> 00:06:10,719 Speaker 1: we couldn't just go back to where we were pre pandemic, 135 00:06:10,760 --> 00:06:13,320 Speaker 1: because it seemed to me in twenty nineteen it wasn't 136 00:06:13,360 --> 00:06:15,920 Speaker 1: like the end of the world, like the Biden administration 137 00:06:16,040 --> 00:06:17,960 Speaker 1: was saying, if we don't get this past, eight million 138 00:06:18,000 --> 00:06:21,080 Speaker 1: people are gonna lose your job. Why because eight million 139 00:06:21,080 --> 00:06:25,360 Speaker 1: people got hired, and lest like, why is that? Like 140 00:06:25,400 --> 00:06:27,120 Speaker 1: why does the world end? Like why can't we just 141 00:06:27,200 --> 00:06:30,159 Speaker 1: go back to where we were two years ago? Or 142 00:06:30,200 --> 00:06:33,039 Speaker 1: even more importantly, this is about you know, the Republicans 143 00:06:33,080 --> 00:06:35,320 Speaker 1: are like, oh, we're slashing the deficit by one point 144 00:06:35,360 --> 00:06:39,119 Speaker 1: five trillion over the next ten years, and that's based 145 00:06:39,160 --> 00:06:42,279 Speaker 1: off of the projection of it growing. So none of 146 00:06:42,279 --> 00:06:45,400 Speaker 1: it actually had anything to do with cutting actually reducing 147 00:06:45,440 --> 00:06:48,480 Speaker 1: the spending. It was about cutting from future growth. So 148 00:06:48,760 --> 00:06:51,240 Speaker 1: maybe you're right, Maybe the American people are go could go, 149 00:06:51,320 --> 00:06:54,000 Speaker 1: look like, don't take away my money, but let's just 150 00:06:54,000 --> 00:06:55,000 Speaker 1: not spend anymore. 151 00:06:55,680 --> 00:06:59,040 Speaker 3: Maybe like it could be something as simple as that. 152 00:06:59,120 --> 00:07:02,279 Speaker 3: But you know, ultimately, unfortunately, like we'll talk about this, 153 00:07:02,320 --> 00:07:06,359 Speaker 3: I think towards the economic segment. But I'm sure you 154 00:07:06,400 --> 00:07:08,719 Speaker 3: saw this story months ago about people who make six 155 00:07:08,760 --> 00:07:10,840 Speaker 3: figures but they live paycheck to paycheck, And this is 156 00:07:10,840 --> 00:07:13,920 Speaker 3: becoming a theme for Americans unfortunately, to not have enough 157 00:07:13,960 --> 00:07:17,160 Speaker 3: financial education. And it looks like our lawmakers lack that 158 00:07:17,200 --> 00:07:19,840 Speaker 3: financial education, and yet somehow are put in charge of 159 00:07:20,200 --> 00:07:22,280 Speaker 3: the entire monetary policy of our country. 160 00:07:22,800 --> 00:07:25,720 Speaker 1: Yeah, now we've gotten down to the wire on debt 161 00:07:25,720 --> 00:07:29,160 Speaker 1: ceiling limits. Before twenty eleven twenty thirteen were both pretty 162 00:07:29,200 --> 00:07:32,800 Speaker 1: vicious confrontations in regards to that. In twenty eleven, a 163 00:07:32,880 --> 00:07:35,400 Speaker 1: deal was made at the last minute, and of course 164 00:07:35,400 --> 00:07:37,880 Speaker 1: it sent the S and P five hundred down seventeen percent, 165 00:07:38,320 --> 00:07:40,640 Speaker 1: Wrestle Index down by twenty six percent, and so a 166 00:07:40,720 --> 00:07:42,400 Speaker 1: lot of times this is bad. And we know that 167 00:07:42,720 --> 00:07:45,200 Speaker 1: now the Treasury, which has almost no money, has to 168 00:07:45,200 --> 00:07:49,520 Speaker 1: go fill a trillion dollars worth of treasuries. They're going 169 00:07:49,600 --> 00:07:51,760 Speaker 1: to have to re sell it trillion dollars worth of 170 00:07:51,960 --> 00:07:54,560 Speaker 1: treasuries into the market. In the next thirty days five 171 00:07:54,600 --> 00:07:57,600 Speaker 1: hundred billion goes into their bank account the TGA. That 172 00:07:57,640 --> 00:07:59,520 Speaker 1: could create quite a liquidity shock. I mean, if they're 173 00:07:59,520 --> 00:08:02,600 Speaker 1: sucking a trillion dollars out of the market. That's taking 174 00:08:02,680 --> 00:08:05,720 Speaker 1: money that was going to something else. So I mean, 175 00:08:05,800 --> 00:08:07,560 Speaker 1: this could potentially be a repeat of what we saw 176 00:08:07,640 --> 00:08:09,440 Speaker 1: in twenty eleven with a big crash coming. 177 00:08:10,720 --> 00:08:14,560 Speaker 3: No, I frankly, I'm setting myself up in my portfolios 178 00:08:14,640 --> 00:08:17,880 Speaker 3: for a nice little downtake on anything and everything from 179 00:08:17,960 --> 00:08:20,640 Speaker 3: bitcoin down to public markets in equity. Is like, you're 180 00:08:20,680 --> 00:08:22,480 Speaker 3: going to feel the effects of this over the course 181 00:08:22,520 --> 00:08:23,040 Speaker 3: of the summer. 182 00:08:23,840 --> 00:08:25,680 Speaker 1: Yeah, yeah, I mean, like I said, I mean in 183 00:08:25,760 --> 00:08:28,480 Speaker 1: times past, it created a lot of turmoil in the market. 184 00:08:29,520 --> 00:08:31,720 Speaker 1: You know, I did a video on my main YouTube channel, 185 00:08:31,800 --> 00:08:34,040 Speaker 1: just search Mark Moss on YouTube, and I kind of 186 00:08:34,040 --> 00:08:36,200 Speaker 1: broke this down into the math to kind of show 187 00:08:36,200 --> 00:08:38,520 Speaker 1: the liquidity shock that happens. But when you take a 188 00:08:38,559 --> 00:08:41,880 Speaker 1: trillion dollars out of the market that's coming from somewhere else, 189 00:08:42,080 --> 00:08:44,920 Speaker 1: somewhere else that would have gone into Apple or in 190 00:08:45,080 --> 00:08:47,680 Speaker 1: video stock, or gone into bitcoin, or gone into real 191 00:08:47,760 --> 00:08:50,680 Speaker 1: estate or whatever, and here it is just going to 192 00:08:50,840 --> 00:08:53,920 Speaker 1: suck all that liquidity out of the market. And that 193 00:08:53,960 --> 00:08:56,840 Speaker 1: could be really, really bad, which is why specifically it's 194 00:08:56,920 --> 00:08:59,120 Speaker 1: bad for risk assets, which is why in the past 195 00:08:59,120 --> 00:09:01,240 Speaker 1: the rustle went down way more than the S and 196 00:09:01,240 --> 00:09:03,240 Speaker 1: P five hundred, So I would say. 197 00:09:03,120 --> 00:09:05,400 Speaker 2: Be prepared for fireworks because this is. 198 00:09:06,440 --> 00:09:08,920 Speaker 1: Not over by a long shot. If you just tune in, 199 00:09:08,960 --> 00:09:11,120 Speaker 1: you're listening to the Mark Moas Show. We're talking about 200 00:09:11,160 --> 00:09:14,640 Speaker 1: the decentralized Revolution, and we're running through the latest breaking 201 00:09:14,679 --> 00:09:16,920 Speaker 1: news headlines this week so you can stay on top 202 00:09:16,920 --> 00:09:20,240 Speaker 1: of what's going on. We're back more talking about bitcoin, crypto, 203 00:09:20,480 --> 00:09:22,560 Speaker 1: the economy and more. Don't go away, be right back, 204 00:09:23,280 --> 00:09:24,800 Speaker 1: all right, welcome back. If you just tune in, you 205 00:09:24,880 --> 00:09:27,400 Speaker 1: are listening to the Mark mass Show. We're talking about, 206 00:09:27,679 --> 00:09:30,959 Speaker 1: of course, the decentralized Revolution. Like each and every week, 207 00:09:30,960 --> 00:09:34,840 Speaker 1: we're talking through the latest breaking news headlines of the week, 208 00:09:34,880 --> 00:09:36,360 Speaker 1: so you can keep on top of what's going on. 209 00:09:36,400 --> 00:09:38,160 Speaker 1: If we look at through the lens of politics, finance, 210 00:09:38,160 --> 00:09:41,160 Speaker 1: and technology. Now, one thing that's happening big. You know 211 00:09:41,160 --> 00:09:43,439 Speaker 1: I always talk about the technology piece. It's bitcoin that's 212 00:09:43,520 --> 00:09:45,840 Speaker 1: changing the world. And when you look at the bitcoin 213 00:09:46,280 --> 00:09:49,240 Speaker 1: and the crypto ecosystem at large, I mean it is 214 00:09:49,320 --> 00:09:54,520 Speaker 1: coming front and center to the entire world, specifically in 215 00:09:54,559 --> 00:09:57,280 Speaker 1: the United States as we're heading into this election cycle. 216 00:09:57,920 --> 00:09:59,760 Speaker 1: And you know, last week I was at the Bitcoin 217 00:09:59,800 --> 00:10:01,920 Speaker 1: com Friends in Miami. I talked about that on the 218 00:10:02,000 --> 00:10:05,200 Speaker 1: radio show last week, and we have we had two 219 00:10:05,280 --> 00:10:08,320 Speaker 1: presidential candidates they're talking about it, and now we have 220 00:10:08,360 --> 00:10:11,440 Speaker 1: a third presidential candidate talking about it, and it looks 221 00:10:11,520 --> 00:10:14,320 Speaker 1: like it has come front and center and could be 222 00:10:14,400 --> 00:10:17,520 Speaker 1: a deciding point in this next election. You have the 223 00:10:17,559 --> 00:10:23,400 Speaker 1: incumbent President Biden, who is anti The Biden administration is 224 00:10:23,840 --> 00:10:28,440 Speaker 1: squeezing the emergency, the emerging crypto business, you know, Operation 225 00:10:28,559 --> 00:10:30,880 Speaker 1: Choke point two point zero. They you know, with him 226 00:10:30,920 --> 00:10:33,080 Speaker 1: and Elizabeth Warren and Gary ginswel they want to get 227 00:10:33,160 --> 00:10:36,800 Speaker 1: rid of all technology, all cryptocurrencies, and an actor CBDC 228 00:10:36,960 --> 00:10:39,719 Speaker 1: the tool for control. And then we have Ron DeSantis 229 00:10:39,760 --> 00:10:42,760 Speaker 1: who came out and he said that he said, quote, 230 00:10:42,880 --> 00:10:45,760 Speaker 1: the regime clearly has it out for bitcoin. Bitcoin represents 231 00:10:45,800 --> 00:10:47,800 Speaker 1: a threat to them. They're trying to regulate it out 232 00:10:47,800 --> 00:10:52,640 Speaker 1: of existence. So he DeSantis wants to let bitcoin run free, 233 00:10:53,000 --> 00:10:56,199 Speaker 1: and he's also banning cbdc's But then on the other 234 00:10:56,240 --> 00:10:58,000 Speaker 1: side of the aisle, on the left, on the on 235 00:10:58,040 --> 00:11:01,560 Speaker 1: the Democrats, that we have RFK Junior, and he came 236 00:11:01,840 --> 00:11:03,679 Speaker 1: and he wrote in a tweet earlier this month, it's 237 00:11:03,720 --> 00:11:05,719 Speaker 1: a mistake for the US government to hobbled industry and 238 00:11:05,760 --> 00:11:07,160 Speaker 1: drive innovation elsewhere. 239 00:11:07,440 --> 00:11:09,320 Speaker 2: So he is pro bitcoin. 240 00:11:09,160 --> 00:11:11,800 Speaker 1: And then another one on the Republican side, Vic Ramaswami. 241 00:11:12,040 --> 00:11:15,400 Speaker 1: He's also pro bitcoin. He sees as the centralized alternative 242 00:11:15,400 --> 00:11:18,120 Speaker 1: to the US dollar, improving the country's financial infrastructure by 243 00:11:18,120 --> 00:11:20,839 Speaker 1: presenting quote a source of competition to. 244 00:11:20,920 --> 00:11:24,559 Speaker 2: The existing system. I think competition is always a good thing. Q. 245 00:11:24,760 --> 00:11:28,480 Speaker 1: What do you think about this showdown happening really from 246 00:11:28,520 --> 00:11:31,040 Speaker 1: both sides and bringing this front and center. 247 00:11:32,120 --> 00:11:34,640 Speaker 3: I got two main thoughts on this, and I'll start 248 00:11:34,679 --> 00:11:37,200 Speaker 3: with my first, which alludes to what I've said earlier 249 00:11:37,240 --> 00:11:39,680 Speaker 3: to you. I'll believe it when I see it. I 250 00:11:39,679 --> 00:11:42,840 Speaker 3: don't care what politicians are saying pro bitcoin or not. 251 00:11:42,960 --> 00:11:45,160 Speaker 3: I think it's a lot of pandering going on. We've 252 00:11:45,160 --> 00:11:48,120 Speaker 3: seen it time and time again. So unless I actually 253 00:11:48,200 --> 00:11:51,360 Speaker 3: see some clear cut legislation, I'm just going to take it, 254 00:11:51,480 --> 00:11:53,840 Speaker 3: take them at their word, and leave it there. But 255 00:11:53,920 --> 00:11:56,640 Speaker 3: I think it's really disappointing to see in America, of 256 00:11:56,640 --> 00:12:00,320 Speaker 3: all places, technology and innovation being stifled rather and then 257 00:12:00,800 --> 00:12:02,680 Speaker 3: you know, having a little bit of fuel thrown on 258 00:12:02,679 --> 00:12:04,720 Speaker 3: the fire and giving it space to grow and turn 259 00:12:04,760 --> 00:12:07,440 Speaker 3: into what it could blossom into being on the forefront 260 00:12:07,440 --> 00:12:10,400 Speaker 3: of this cutting edge technology and leading not only in 261 00:12:10,440 --> 00:12:13,280 Speaker 3: this country, but leading it globally in around the world. 262 00:12:13,480 --> 00:12:16,280 Speaker 3: We have that opportunity to do that, especially with bitcoin, 263 00:12:16,679 --> 00:12:18,920 Speaker 3: and then you have the Biden administration sort of turning 264 00:12:18,920 --> 00:12:22,199 Speaker 3: their back because for whatever the reason may be, they 265 00:12:22,200 --> 00:12:24,480 Speaker 3: think it's the right thing to do in the right move. 266 00:12:25,120 --> 00:12:28,160 Speaker 3: Ultimately it won't matter. China is the perfect example of 267 00:12:28,640 --> 00:12:30,920 Speaker 3: trying to ban bitcoin and they still have a hash rate, 268 00:12:30,960 --> 00:12:33,800 Speaker 3: they still are mining bitcoin, and it's still prospering globally 269 00:12:33,840 --> 00:12:34,200 Speaker 3: in the world. 270 00:12:34,280 --> 00:12:37,920 Speaker 2: Now, yeah, I mean it's just crazy. You know. 271 00:12:38,400 --> 00:12:43,360 Speaker 1: Elizabeth Warren, she's literally running on an anti crypto campaign 272 00:12:43,440 --> 00:12:49,080 Speaker 1: to literally make cryptocurrency illegal. And I actually asked CHATZPT 273 00:12:49,280 --> 00:12:51,640 Speaker 1: this question because I couldn't think of an answer, and 274 00:12:51,679 --> 00:12:56,520 Speaker 1: I said, said something to the effect of what in 275 00:12:56,640 --> 00:13:00,560 Speaker 1: the in the United States, which candidate has ever run 276 00:13:00,600 --> 00:13:04,600 Speaker 1: on a campaign to take away people's ability to choose 277 00:13:04,679 --> 00:13:08,920 Speaker 1: or take away people's freedom. And chat GBT said none. 278 00:13:09,280 --> 00:13:13,000 Speaker 1: Chat GPT said no, nobody. No politician would run on 279 00:13:13,040 --> 00:13:16,400 Speaker 1: a campaign in America that's based off of freedom. Would 280 00:13:16,400 --> 00:13:17,840 Speaker 1: never run on that because they would have no chance 281 00:13:17,840 --> 00:13:21,800 Speaker 1: of winning. But here we are literally Biden and Elizabeth 282 00:13:21,840 --> 00:13:24,600 Speaker 1: Warren and even Gary Gensler are literally running on a 283 00:13:24,640 --> 00:13:28,880 Speaker 1: campaign to take away American's freedoms in the Land of 284 00:13:28,920 --> 00:13:30,760 Speaker 1: the Free. I mean, how do they think this is 285 00:13:30,760 --> 00:13:32,800 Speaker 1: a good idea? To your point, I don't remember them 286 00:13:32,880 --> 00:13:35,959 Speaker 1: going against you know, bitcoin, but like taking away any 287 00:13:36,040 --> 00:13:38,440 Speaker 1: choice or freedom. 288 00:13:38,640 --> 00:13:42,880 Speaker 3: No, it's it's frankly on American and it almost has 289 00:13:42,960 --> 00:13:45,280 Speaker 3: shades of like the prohibition, where we saw how well 290 00:13:45,360 --> 00:13:47,360 Speaker 3: that worked when the president at the time still had 291 00:13:47,760 --> 00:13:49,960 Speaker 3: a closet full of booze and would be drinking almost 292 00:13:49,960 --> 00:13:52,960 Speaker 3: every night. Regardless, it's turning into a lot of I 293 00:13:53,000 --> 00:13:56,920 Speaker 3: think fear mongering and this idea around ESG and the 294 00:13:57,000 --> 00:13:59,360 Speaker 3: narrative of well it's good for the environment, it's bad 295 00:13:59,360 --> 00:14:01,920 Speaker 3: for the environment, and this and that. It just it 296 00:14:01,960 --> 00:14:04,240 Speaker 3: goes back to this idea of these people who are 297 00:14:04,280 --> 00:14:07,199 Speaker 3: making the decisions on behalf of us as citizens, haven't 298 00:14:07,240 --> 00:14:10,240 Speaker 3: done their due diligence, don't understand what they're saying, and 299 00:14:10,280 --> 00:14:13,000 Speaker 3: then ultimately they get to make the decision regardless of 300 00:14:13,200 --> 00:14:14,600 Speaker 3: whether or not they do their homework. 301 00:14:14,920 --> 00:14:17,640 Speaker 1: Yeah, Elizabeth Warren is now saying, you know, she's run 302 00:14:17,640 --> 00:14:19,640 Speaker 1: on this anti crypto campaign, so she's looking for any 303 00:14:19,680 --> 00:14:21,200 Speaker 1: reasons she can to shut it down. And now she 304 00:14:21,200 --> 00:14:23,440 Speaker 1: came out this week saying that she's calling for a 305 00:14:23,480 --> 00:14:26,400 Speaker 1: shutdown of crypto because so it was just I'm running 306 00:14:26,440 --> 00:14:29,480 Speaker 1: for a shutdown of crypto. Now it's because and it's 307 00:14:29,480 --> 00:14:33,160 Speaker 1: because crypto funding is for fentanyl, she said. She said 308 00:14:33,160 --> 00:14:35,200 Speaker 1: that it's the Chinese drug makers that found that crypto 309 00:14:35,240 --> 00:14:39,760 Speaker 1: payments are appealing, and ninety Chinese business is offering to 310 00:14:39,800 --> 00:14:43,080 Speaker 1: ship fentanyl precursors, with almost all of them taking crypto 311 00:14:43,160 --> 00:14:48,960 Speaker 1: in exchange. Well, so in my experience, it's cash the 312 00:14:49,120 --> 00:14:53,640 Speaker 1: powers the drug industry, and fentanyl is coming across our 313 00:14:53,760 --> 00:14:56,840 Speaker 1: southern borders, which the Biden administration does not want to 314 00:14:56,840 --> 00:15:00,160 Speaker 1: close down. If somebody wanted to buy drugs online, which 315 00:15:00,200 --> 00:15:02,520 Speaker 1: is not happening, if it was, they could just use 316 00:15:02,560 --> 00:15:04,480 Speaker 1: a pre preye debit card a credit card to do that. 317 00:15:04,920 --> 00:15:08,720 Speaker 1: So one, I mean, is he just pulling. 318 00:15:08,480 --> 00:15:10,880 Speaker 2: A straws heer you think there's anything to that. 319 00:15:12,440 --> 00:15:15,280 Speaker 3: It's fear mongering. It's this idea of oh, well, what's 320 00:15:15,320 --> 00:15:17,600 Speaker 3: the scariest thing and what's the thing that people are 321 00:15:17,640 --> 00:15:20,560 Speaker 3: most afraid of. Well, it's drug addiction. And fentanyl, and 322 00:15:20,600 --> 00:15:23,280 Speaker 3: we don't want our kids or our family getting associated 323 00:15:23,320 --> 00:15:24,960 Speaker 3: with this. Well, how do we stop it? Well, we 324 00:15:25,000 --> 00:15:28,800 Speaker 3: stop the payment and to label the payment as it's crypto. 325 00:15:28,880 --> 00:15:32,840 Speaker 3: Doing this is laughable. Like everyone has seen the pictures 326 00:15:32,880 --> 00:15:35,560 Speaker 3: of all of the raids down in Mexico of just 327 00:15:35,680 --> 00:15:41,120 Speaker 3: piles of goldpooon and of hordes of cash. Cash, it's all, 328 00:15:41,280 --> 00:15:44,640 Speaker 3: it's all cash. So Elizabeth Warren, just a quick little note, 329 00:15:44,680 --> 00:15:46,960 Speaker 3: maybe hop on over to the Treasury Department, hop on 330 00:15:47,000 --> 00:15:49,040 Speaker 3: over to the Federal Reserve and ask them to stop 331 00:15:49,040 --> 00:15:50,240 Speaker 3: funding the fedanyl trade. 332 00:15:50,440 --> 00:15:53,600 Speaker 2: Yeah, exactly. Side note on that. What's interesting. 333 00:15:53,680 --> 00:15:55,720 Speaker 1: Somebody in my one of my high end coaching programs 334 00:15:55,760 --> 00:15:59,120 Speaker 1: called the Inside Line. He has a consulting business. He 335 00:15:59,120 --> 00:16:02,400 Speaker 1: helps businesses because more efficient so like do their operations. 336 00:16:03,200 --> 00:16:03,960 Speaker 2: He went and. 337 00:16:03,840 --> 00:16:10,000 Speaker 1: Met with the Treasury in Texas in February and they 338 00:16:10,200 --> 00:16:12,640 Speaker 1: are hiring him to help them scale. I think he 339 00:16:12,640 --> 00:16:16,520 Speaker 1: said they're building three new money print money printing locations 340 00:16:17,120 --> 00:16:19,360 Speaker 1: and he was like, whoa, he's like I thought, with 341 00:16:19,440 --> 00:16:21,560 Speaker 1: like CBDCs and you know all this is your money, 342 00:16:21,640 --> 00:16:23,880 Speaker 1: you guys would be scaling down And he said, oh no, no, 343 00:16:24,000 --> 00:16:26,720 Speaker 1: business has never been better. The dollar has never been 344 00:16:26,720 --> 00:16:29,720 Speaker 1: in more demand. We're building three new printing facilities, one 345 00:16:29,720 --> 00:16:31,400 Speaker 1: of them which is right next to this airport, so 346 00:16:31,440 --> 00:16:35,160 Speaker 1: we can literally go right onto the planes, and all 347 00:16:35,200 --> 00:16:37,760 Speaker 1: the money is going offshore. So business has never been better. 348 00:16:37,760 --> 00:16:40,560 Speaker 1: The Treasury is building three new facilities to print money, 349 00:16:41,360 --> 00:16:43,880 Speaker 1: and so that is to your point, going into these 350 00:16:43,920 --> 00:16:48,480 Speaker 1: cartel's pockets to fund this. It's not bitcoin that we 351 00:16:48,520 --> 00:16:50,200 Speaker 1: can create more of. It's a fixed supply. 352 00:16:50,440 --> 00:16:53,440 Speaker 2: It's this cash in saying and that. 353 00:16:54,440 --> 00:16:57,360 Speaker 3: It's honestly, it's remarkable the gall the government has to 354 00:16:58,000 --> 00:16:59,760 Speaker 3: lie to us and then at the same time literally 355 00:16:59,800 --> 00:17:00,960 Speaker 3: fun on the drug trade. 356 00:17:01,160 --> 00:17:04,199 Speaker 1: Yeah, literally just shipping palots of cash overseas, and of 357 00:17:04,240 --> 00:17:06,760 Speaker 1: course as they continue to crack down on it, people say, well, 358 00:17:06,760 --> 00:17:09,560 Speaker 1: it'll just go offshore, and it has. We saw that 359 00:17:09,680 --> 00:17:14,800 Speaker 1: now China, as of June first, China is now going 360 00:17:14,840 --> 00:17:18,960 Speaker 1: to allow private retail citizens to buy bitcoin and ethereum 361 00:17:19,280 --> 00:17:23,280 Speaker 1: cryptocurrencies through Hong Kong. And now Gary Ginszler and Elizabeth 362 00:17:23,280 --> 00:17:25,280 Speaker 1: Warnon want to crack down on stable coins, and now 363 00:17:25,320 --> 00:17:27,560 Speaker 1: Hong Kong is just going to launch their own stable coins, 364 00:17:27,760 --> 00:17:29,480 Speaker 1: and so you know, that's the game. 365 00:17:29,520 --> 00:17:31,119 Speaker 2: That's the game. Theory in play. 366 00:17:31,280 --> 00:17:32,880 Speaker 1: If you're just tune in, you're listening to the Mark 367 00:17:32,960 --> 00:17:36,080 Speaker 1: mas Show. We're talking about the latest breaking news headlines 368 00:17:36,119 --> 00:17:37,840 Speaker 1: this week. We're talking about what's going on in the 369 00:17:37,880 --> 00:17:40,119 Speaker 1: bitcoin in the cryptocurrency space. 370 00:17:40,520 --> 00:17:42,000 Speaker 2: Gonna take a quick break. We're back. 371 00:17:42,040 --> 00:17:44,479 Speaker 1: Want to talk about the economy, what's going on with 372 00:17:44,600 --> 00:17:46,760 Speaker 1: the debt deal, the job openings, and what's happening with 373 00:17:46,800 --> 00:17:49,960 Speaker 1: FED hikes. We're gonna talk more about families hurting because 374 00:17:50,000 --> 00:17:52,880 Speaker 1: of the insanity of what's going on, and more. Don't 375 00:17:52,880 --> 00:17:57,479 Speaker 1: go away, I'm gonna take quick break. Beer back. All right, 376 00:17:57,520 --> 00:17:59,280 Speaker 1: welcome back. If you're just tune in, you are listening 377 00:17:59,280 --> 00:18:01,159 Speaker 1: to the markmas Show. We're running through some of the 378 00:18:01,240 --> 00:18:03,760 Speaker 1: latest breaking news headlines this week. Of course, as we're 379 00:18:03,760 --> 00:18:06,560 Speaker 1: looking through a lens of politics, finance, and technology, so 380 00:18:06,600 --> 00:18:09,680 Speaker 1: you can have context to what's going on in this 381 00:18:09,800 --> 00:18:12,040 Speaker 1: complex system. You know, one of the things that was 382 00:18:12,119 --> 00:18:15,359 Speaker 1: dominating the news headlines was this debt ceiling debate. We 383 00:18:15,440 --> 00:18:17,280 Speaker 1: kind of already talked about that a little bit in 384 00:18:17,320 --> 00:18:19,480 Speaker 1: some earlier segments. If you missed it, don't worry, go 385 00:18:19,520 --> 00:18:21,480 Speaker 1: back and check out the podcast. Just search the Mark 386 00:18:21,520 --> 00:18:25,800 Speaker 1: Moss Show in the podcast. But in regards to the economy, 387 00:18:26,359 --> 00:18:28,920 Speaker 1: the treasury desperately needs money. As a matter of fact, 388 00:18:29,160 --> 00:18:33,600 Speaker 1: the cash balance at the bank account the TGA, that's 389 00:18:33,600 --> 00:18:36,439 Speaker 1: the Treasury, the US government. The Treasury's bank account is 390 00:18:36,480 --> 00:18:40,439 Speaker 1: at only thirty seven billion, which sounds like a lot 391 00:18:40,480 --> 00:18:42,440 Speaker 1: of money, but not for the government. Thirty seven billion, 392 00:18:42,440 --> 00:18:44,639 Speaker 1: which is the lowest level it's been at. 393 00:18:44,480 --> 00:18:45,480 Speaker 2: In twenty seventeen. 394 00:18:45,880 --> 00:18:47,800 Speaker 1: And so now that the debt ceiling has been raised, 395 00:18:47,840 --> 00:18:49,639 Speaker 1: to hopefully get signed in the next couple of days, 396 00:18:49,840 --> 00:18:52,399 Speaker 1: they have to add a trillion dollars in treasurers over 397 00:18:52,440 --> 00:18:55,679 Speaker 1: the next thirty days. Now that I talked about this 398 00:18:55,800 --> 00:18:57,760 Speaker 1: kind of earlier, this sucks liquity out of the markets. 399 00:18:58,200 --> 00:19:00,639 Speaker 1: But reports and analysts are saying and that's going to 400 00:19:00,680 --> 00:19:04,800 Speaker 1: be equal to a twenty five point basis hike by 401 00:19:04,840 --> 00:19:06,439 Speaker 1: the Fed. So of course, the Fed's been going on 402 00:19:06,480 --> 00:19:10,399 Speaker 1: this hiking cycle or the reckless abandoned raising rates for 403 00:19:10,480 --> 00:19:12,960 Speaker 1: the fastest time in history, caused all types of havoc 404 00:19:13,000 --> 00:19:16,880 Speaker 1: in the entire financial system, including banks collapsing and. 405 00:19:16,800 --> 00:19:18,040 Speaker 2: Even the treasury growing vogue. 406 00:19:18,400 --> 00:19:20,960 Speaker 1: And now this will be equal to another twenty five 407 00:19:21,480 --> 00:19:22,399 Speaker 1: point hike. 408 00:19:22,920 --> 00:19:24,119 Speaker 2: And at the same time. 409 00:19:25,359 --> 00:19:28,920 Speaker 1: We saw job openings come out this week and they 410 00:19:29,119 --> 00:19:34,439 Speaker 1: look like they were unexpectedly increasing the job opening so 411 00:19:34,480 --> 00:19:36,439 Speaker 1: that's not bad. And it looks like the Fed is 412 00:19:36,520 --> 00:19:39,680 Speaker 1: now still on the fence whether they're going to have 413 00:19:39,920 --> 00:19:42,679 Speaker 1: one more rate hike or not. So it looks like 414 00:19:42,760 --> 00:19:45,400 Speaker 1: the traders, so people bet on this and they bet 415 00:19:45,560 --> 00:19:47,639 Speaker 1: what will the Fed do, And it looks like the 416 00:19:47,640 --> 00:19:50,160 Speaker 1: traders have reduced their bets that the Fed will hike 417 00:19:50,640 --> 00:19:54,400 Speaker 1: from sixty percent down to thirty five percent. So there's 418 00:19:54,400 --> 00:19:57,080 Speaker 1: a thirty five percent chance it was a sixty now 419 00:19:57,119 --> 00:19:58,840 Speaker 1: based off the news, it's a thirty five percent chance 420 00:19:58,840 --> 00:20:02,560 Speaker 1: still increase in June. And then the odds are now 421 00:20:02,640 --> 00:20:07,000 Speaker 1: that twenty five percent increase a fifty percent chance of 422 00:20:07,040 --> 00:20:08,040 Speaker 1: an increase in July. 423 00:20:08,560 --> 00:20:10,159 Speaker 2: So if the Fed from. 424 00:20:10,000 --> 00:20:11,679 Speaker 1: A sixty to thirty five, the market thinks thirty five 425 00:20:11,680 --> 00:20:14,600 Speaker 1: percent chance still increase it and the Treasury is also 426 00:20:14,680 --> 00:20:16,840 Speaker 1: going to kind of have the same effect. That'd be 427 00:20:16,880 --> 00:20:21,040 Speaker 1: a fifty percent basis point rise. I mean, what's your 428 00:20:21,080 --> 00:20:22,719 Speaker 1: take on that queue? That's pretty crazy. 429 00:20:23,440 --> 00:20:25,840 Speaker 3: I mean, the big takeaway here is the fact that 430 00:20:25,880 --> 00:20:29,920 Speaker 3: you have politicians that you, nor I, nor anyone listening 431 00:20:30,040 --> 00:20:33,399 Speaker 3: ever elected asked for or voted for in office, making 432 00:20:33,440 --> 00:20:36,080 Speaker 3: decisions that ultimately are going to impact how much you 433 00:20:36,200 --> 00:20:38,960 Speaker 3: have to save, are going to impact how much you're 434 00:20:38,960 --> 00:20:41,040 Speaker 3: going to be able to spend, and how the prices 435 00:20:41,040 --> 00:20:42,920 Speaker 3: of the gas station, the prices at the grocery store 436 00:20:42,960 --> 00:20:45,840 Speaker 3: are impacted directly as a result of these type of policies. 437 00:20:46,240 --> 00:20:48,720 Speaker 3: I kind of talked about this earlier you as well, Like, 438 00:20:48,880 --> 00:20:51,840 Speaker 3: the last time we saw this much liquidity exiting the markets, 439 00:20:52,240 --> 00:20:56,240 Speaker 3: we just saw hard crashes, and we haven't really recovered 440 00:20:56,240 --> 00:20:58,560 Speaker 3: from the crash that we've pretty much seen from the 441 00:20:58,640 --> 00:21:01,120 Speaker 3: end of last year. You're telling me that we're about 442 00:21:01,119 --> 00:21:05,159 Speaker 3: to get an even harder crashed down. It's almost to me, 443 00:21:05,280 --> 00:21:07,640 Speaker 3: it's almost irrelevant. It just kind of opens the door 444 00:21:07,680 --> 00:21:09,520 Speaker 3: and sets the government up for by the end of 445 00:21:09,560 --> 00:21:12,200 Speaker 3: this year. All right, let's open up the floodgates, let's 446 00:21:12,280 --> 00:21:15,320 Speaker 3: crash rates down, Let's start printing money and inject liquidity 447 00:21:15,359 --> 00:21:16,359 Speaker 3: back into the market. 448 00:21:16,520 --> 00:21:19,560 Speaker 1: Yeah, what's crazy, is I mean, you know, those that 449 00:21:19,600 --> 00:21:20,800 Speaker 1: don't know history are bound to repeat it. 450 00:21:20,800 --> 00:21:22,520 Speaker 2: If you just look back to twenty nineteen. 451 00:21:22,760 --> 00:21:24,240 Speaker 1: What a lot of people don't know is they think 452 00:21:24,320 --> 00:21:27,440 Speaker 1: the pandemic was like this black swan event and it 453 00:21:27,520 --> 00:21:30,440 Speaker 1: crashed the market in March of twenty twenty. But in 454 00:21:30,520 --> 00:21:34,560 Speaker 1: September of twenty nineteen, the year before, the yield curve 455 00:21:34,600 --> 00:21:36,800 Speaker 1: had inverted. So you hear a lot about that today. 456 00:21:36,920 --> 00:21:39,159 Speaker 1: Most people don't know is that actually happened September twenty nineteen, 457 00:21:39,720 --> 00:21:42,199 Speaker 1: and that tells us that a recession was coming. So 458 00:21:42,240 --> 00:21:44,320 Speaker 1: it projected the recession was coming. The black swan was 459 00:21:44,320 --> 00:21:48,200 Speaker 1: happening before it even happened. And then why did that happen, Well, 460 00:21:48,240 --> 00:21:51,600 Speaker 1: we had this repocalypse, we had the repo markets blow up, 461 00:21:52,000 --> 00:21:54,879 Speaker 1: and part of that was because of the exact same 462 00:21:55,080 --> 00:21:57,919 Speaker 1: situation that's forming up right now where the Treasury, the 463 00:21:57,960 --> 00:22:01,840 Speaker 1: TG account was trying to rapidly expand increase their bank 464 00:22:01,840 --> 00:22:04,720 Speaker 1: account at the same time as the FED was tightening 465 00:22:04,760 --> 00:22:07,119 Speaker 1: their balance sheet. So what's happening right now, Well, the 466 00:22:07,119 --> 00:22:10,200 Speaker 1: Fed is tightening their balance sheet and the Treasury has 467 00:22:10,240 --> 00:22:13,760 Speaker 1: to refill. It's the same situation now. It's crazy about 468 00:22:13,760 --> 00:22:17,880 Speaker 1: that is what we've been doing. Is if you've ever 469 00:22:17,880 --> 00:22:21,919 Speaker 1: taken a house loan, you probably have heard Libor's it 470 00:22:22,000 --> 00:22:24,560 Speaker 1: sets all the rates. It's the London Interbank exchange rate, 471 00:22:24,760 --> 00:22:27,840 Speaker 1: and so all loans. Basically all the debt in the 472 00:22:27,880 --> 00:22:31,560 Speaker 1: world has been based off of this London exchange rate. Well, 473 00:22:31,680 --> 00:22:34,040 Speaker 1: the FED doesn't like that, and they have changed it 474 00:22:34,080 --> 00:22:37,200 Speaker 1: all from the libor to now a software which is 475 00:22:37,359 --> 00:22:40,600 Speaker 1: secured overnight funding rate and that is now set by 476 00:22:40,640 --> 00:22:45,040 Speaker 1: the United States at the overnight repo rate, and that 477 00:22:45,080 --> 00:22:48,679 Speaker 1: transition has been in effect. The transition will finish in 478 00:22:48,720 --> 00:22:50,360 Speaker 1: thirty days from now. 479 00:22:50,600 --> 00:22:51,639 Speaker 2: So if we. 480 00:22:51,560 --> 00:22:54,080 Speaker 1: Get a repeat of what happened in September nineteen, Fed 481 00:22:54,119 --> 00:22:57,840 Speaker 1: tightening treasury refilling, freezing up the repo market. 482 00:22:58,440 --> 00:22:59,880 Speaker 2: If that happens again, now. 483 00:22:59,760 --> 00:23:03,200 Speaker 1: We have all this debt tied to that, it could 484 00:23:03,240 --> 00:23:07,840 Speaker 1: be disastrous. But even more I saw this this tweet 485 00:23:07,880 --> 00:23:10,680 Speaker 1: from Jeff Winneger, and this is kind of to your point, Q. 486 00:23:11,200 --> 00:23:13,199 Speaker 1: Jeff Wineger, he's the head of equity strategy, had a 487 00:23:13,320 --> 00:23:16,320 Speaker 1: ninety billion dollar asset under management firm, so he's not 488 00:23:16,320 --> 00:23:19,720 Speaker 1: a small small player. And he showed a chart of 489 00:23:19,760 --> 00:23:22,920 Speaker 1: these invest the investors that are buying home purchases, and 490 00:23:22,960 --> 00:23:27,480 Speaker 1: the investor purchases are down forty nine percent year over year. 491 00:23:27,760 --> 00:23:29,520 Speaker 1: And if you look at the chart, it's up and 492 00:23:29,560 --> 00:23:31,159 Speaker 1: then it's down. It's up and then it's down, up 493 00:23:31,200 --> 00:23:33,320 Speaker 1: and down, and he's like, what kind of society are 494 00:23:33,359 --> 00:23:36,000 Speaker 1: we living in where this chart goes higher and lower 495 00:23:36,080 --> 00:23:38,639 Speaker 1: hire and lower, high and lower booms and bus Like, 496 00:23:39,320 --> 00:23:41,960 Speaker 1: isn't the point of the Central Bank to smooth this out? 497 00:23:42,400 --> 00:23:44,480 Speaker 1: I kind of commented on it, and I said, well, 498 00:23:44,480 --> 00:23:46,760 Speaker 1: don't worry. They started one hundred years ago. Maybe they're 499 00:23:46,760 --> 00:23:47,800 Speaker 1: starting to get the hang of it now. 500 00:23:47,880 --> 00:23:51,680 Speaker 2: But I mean, is this insane or what I mean? 501 00:23:51,760 --> 00:23:54,640 Speaker 3: It just it starts to really big the question of 502 00:23:54,680 --> 00:23:57,919 Speaker 3: that age, old adage of well, real estate is the 503 00:23:57,920 --> 00:24:00,240 Speaker 3: safest place to park your money. And for any of 504 00:24:00,240 --> 00:24:02,640 Speaker 3: my Lakers fans out there, if you watch the Old 505 00:24:02,680 --> 00:24:06,800 Speaker 3: Lakers docuseries on Hulu last year, they talked about how 506 00:24:06,880 --> 00:24:10,000 Speaker 3: Jerry Buss and his business partners back in like the sixties, 507 00:24:10,359 --> 00:24:13,560 Speaker 3: they just were like, buy anything, buy real estate because 508 00:24:13,560 --> 00:24:15,560 Speaker 3: inflation will take care of the rest and it will 509 00:24:15,720 --> 00:24:18,680 Speaker 3: just grow in value. You no longer have that anymore. 510 00:24:18,720 --> 00:24:22,080 Speaker 3: You're again on the whims of a few few people 511 00:24:22,320 --> 00:24:24,440 Speaker 3: who go off into a room and make certain decisions, 512 00:24:24,520 --> 00:24:27,240 Speaker 3: and that's gonna impact you and I and how we 513 00:24:27,760 --> 00:24:31,000 Speaker 3: operate our day to day lives. Like you were someone 514 00:24:31,040 --> 00:24:34,160 Speaker 3: with ample experience in the real estate market myself trying 515 00:24:34,160 --> 00:24:36,320 Speaker 3: to buy my first home. I see something like this 516 00:24:36,400 --> 00:24:38,880 Speaker 3: and I'm like, oh, nope, I'm just I'm not even 517 00:24:38,880 --> 00:24:40,680 Speaker 3: gonna look at it, not gonna, not gonna bother. 518 00:24:41,560 --> 00:24:41,840 Speaker 2: Yeah. 519 00:24:41,920 --> 00:24:44,280 Speaker 1: What the chart really shows though, is that, I mean, 520 00:24:44,400 --> 00:24:46,520 Speaker 1: he's to your point. They go in a small room 521 00:24:46,560 --> 00:24:49,320 Speaker 1: and make these decisions that affect our lives, and it 522 00:24:49,359 --> 00:24:51,560 Speaker 1: shows that they're running the economy like a light switch. 523 00:24:51,840 --> 00:24:54,879 Speaker 1: It's like on and off, on and off, on and off, 524 00:24:55,240 --> 00:24:57,679 Speaker 1: and it just goes insanity because the whole purpose of 525 00:24:57,720 --> 00:25:00,840 Speaker 1: the FED being created was to smooth this out, and 526 00:25:01,560 --> 00:25:03,280 Speaker 1: it's the opposite. So we have one hundred years of 527 00:25:03,320 --> 00:25:06,360 Speaker 1: data that shows that they're only making it worse, they're 528 00:25:06,440 --> 00:25:08,960 Speaker 1: not making it better. So at what point do people 529 00:25:09,200 --> 00:25:12,080 Speaker 1: start to wake up and realize how stupid and say 530 00:25:12,160 --> 00:25:14,880 Speaker 1: what does Einstein say? The definition of insanity is doing 531 00:25:14,920 --> 00:25:17,280 Speaker 1: the same thing expecting a different result. So they've had 532 00:25:17,320 --> 00:25:19,760 Speaker 1: one hundred years, it's getting worse. I think it's time 533 00:25:19,800 --> 00:25:20,800 Speaker 1: for something different. 534 00:25:22,400 --> 00:25:25,600 Speaker 3: It's just so much easier to accept the status quo 535 00:25:25,760 --> 00:25:28,720 Speaker 3: rather than, you know, ask these tough questions, because if 536 00:25:28,760 --> 00:25:31,000 Speaker 3: you are asking these tough questions, you start to realize, like, 537 00:25:31,040 --> 00:25:33,760 Speaker 3: wait a minute, this doesn't make sense. Yet we've allowed 538 00:25:33,800 --> 00:25:35,680 Speaker 3: it to transpire, and we've allowed it to grow and 539 00:25:35,840 --> 00:25:36,760 Speaker 3: influence and power. 540 00:25:37,359 --> 00:25:40,240 Speaker 1: Yeah, and unfortunately to your point, you know, these guys 541 00:25:40,280 --> 00:25:42,840 Speaker 1: go into this room and make decisions that affect our lives. 542 00:25:43,240 --> 00:25:46,640 Speaker 1: You know, I've likened the kind of we always watch 543 00:25:46,680 --> 00:25:49,119 Speaker 1: the FOMC meeting to see Jerome Powell, the head of 544 00:25:49,160 --> 00:25:52,080 Speaker 1: the FED, come out and tell us what our fate is, like, 545 00:25:52,160 --> 00:25:53,960 Speaker 1: what is the rate going to be? And I liken 546 00:25:54,000 --> 00:25:56,760 Speaker 1: it sort of to the insanity that people watch a 547 00:25:56,760 --> 00:25:59,440 Speaker 1: hedgehog or groundhog punks to Donny phil to come out 548 00:25:59,480 --> 00:26:01,720 Speaker 1: and tell us of spring is coming or whatever. It's like, 549 00:26:01,840 --> 00:26:03,640 Speaker 1: it's kind of the same thing. But what they don't 550 00:26:03,680 --> 00:26:06,320 Speaker 1: understand these bankers, I don't think they understand. 551 00:26:05,960 --> 00:26:07,840 Speaker 2: Is that these are real lives. 552 00:26:08,480 --> 00:26:10,480 Speaker 1: And I saw this headline this week. Family say they 553 00:26:10,520 --> 00:26:13,600 Speaker 1: need now three times the poverty rate to get by. 554 00:26:14,520 --> 00:26:18,640 Speaker 1: They need eighty five thousand because of inflation basics says food, clothing, 555 00:26:18,680 --> 00:26:21,600 Speaker 1: and fuel has gone so high that now they can't 556 00:26:21,600 --> 00:26:23,840 Speaker 1: get by unless they make three times. I mean, they're 557 00:26:23,960 --> 00:26:26,640 Speaker 1: crushing families insane. 558 00:26:26,680 --> 00:26:28,840 Speaker 3: Yeah, I mean the sad part too, is you had 559 00:26:28,880 --> 00:26:32,080 Speaker 3: the fed share from San Francisco. I'm forgetting her name, 560 00:26:32,119 --> 00:26:34,000 Speaker 3: but she came out and she was like, well, I 561 00:26:34,000 --> 00:26:36,640 Speaker 3: don't feel the effects, right because you have a very 562 00:26:36,680 --> 00:26:39,960 Speaker 3: bloated salary where you are overpaid to destroy the economy, 563 00:26:39,960 --> 00:26:42,600 Speaker 3: So of course you're not going grocery shopping and dealing 564 00:26:42,640 --> 00:26:44,960 Speaker 3: with the crisis that was eggs last summer, or dealing 565 00:26:44,960 --> 00:26:47,480 Speaker 3: with the issues the gas pump that we're still dealing 566 00:26:47,520 --> 00:26:49,040 Speaker 3: with in California right now. 567 00:26:49,480 --> 00:26:51,880 Speaker 1: So it's kind of like the let them eat cake 568 00:26:52,119 --> 00:26:55,200 Speaker 1: kind of a thing, right that, Oh, but people are 569 00:26:55,200 --> 00:26:56,680 Speaker 1: so hungry, they don't have enough bread. 570 00:26:56,720 --> 00:26:57,960 Speaker 2: Oh, then let them just eat cake. 571 00:26:58,000 --> 00:27:00,119 Speaker 1: And it was kind of like this moment where or 572 00:27:00,240 --> 00:27:02,240 Speaker 1: that she to your point that you're making. She just 573 00:27:02,280 --> 00:27:06,359 Speaker 1: showed how disconnected they are from this. If you're just 574 00:27:06,359 --> 00:27:08,400 Speaker 1: tune in, you're listening to the Mark Maas Show. We're 575 00:27:08,400 --> 00:27:10,879 Speaker 1: talking about the latest breaking news headlines this week so 576 00:27:10,880 --> 00:27:14,040 Speaker 1: you can understand how this world is moving from centralization 577 00:27:14,119 --> 00:27:16,919 Speaker 1: to decentralization. We're gonna come back in a minute and 578 00:27:17,119 --> 00:27:19,919 Speaker 1: take a quick break and talk about how society is 579 00:27:20,040 --> 00:27:22,800 Speaker 1: literally breaking down right in front of us because of 580 00:27:22,840 --> 00:27:24,840 Speaker 1: these policies so we're going to cover that in morn 581 00:27:24,840 --> 00:27:26,760 Speaker 1: a minute when we come back. Don't go away, We'll 582 00:27:26,800 --> 00:27:29,320 Speaker 1: be right back, all right, Welcome back. If you're just 583 00:27:29,320 --> 00:27:31,680 Speaker 1: tune in, you're listening to the Markmas Show. We're talking 584 00:27:31,680 --> 00:27:35,400 Speaker 1: about the decentralized revolution, how the world is changing as 585 00:27:35,440 --> 00:27:38,000 Speaker 1: we watch it through the lens of politics, finance, and technology. 586 00:27:38,000 --> 00:27:40,040 Speaker 1: We're running through some of the latest breaking news headlines, 587 00:27:40,480 --> 00:27:43,760 Speaker 1: and you know, some of the breaking headlines that seem 588 00:27:43,880 --> 00:27:47,359 Speaker 1: to be just repeating over and over and over is 589 00:27:47,440 --> 00:27:50,040 Speaker 1: really the breakdown in society. 590 00:27:50,200 --> 00:27:51,880 Speaker 2: Now, I've likened to think that. 591 00:27:51,800 --> 00:27:55,160 Speaker 1: Like if you had, like all the problems in society, 592 00:27:55,200 --> 00:27:58,040 Speaker 1: they're all like leaves on a giant tree. We could 593 00:27:58,040 --> 00:28:00,439 Speaker 1: sit there and debate each leave, each problem. But at 594 00:28:00,480 --> 00:28:02,480 Speaker 1: the bottom sits that money printer. And so when the 595 00:28:02,520 --> 00:28:05,280 Speaker 1: money's broken, the world is broken. But we see society 596 00:28:05,359 --> 00:28:09,120 Speaker 1: breaking down. So it's not just like inflation, Like that's 597 00:28:09,160 --> 00:28:12,520 Speaker 1: like a first order effects like okay, well prices go up. 598 00:28:12,760 --> 00:28:14,440 Speaker 1: Second order effects as well, it makes it harder for 599 00:28:14,480 --> 00:28:16,880 Speaker 1: people to live. Third order effects is like, well, now 600 00:28:16,920 --> 00:28:18,560 Speaker 1: I don't have time to spend with my family or 601 00:28:18,560 --> 00:28:21,399 Speaker 1: my kids. Fourth effects is like now they're outbreaking the 602 00:28:21,480 --> 00:28:24,840 Speaker 1: law and like you can keep chasing this down and 603 00:28:24,880 --> 00:28:26,640 Speaker 1: that's kind of where we're at. And some of it 604 00:28:26,400 --> 00:28:28,480 Speaker 1: is because of the breakdown in money, and some of 605 00:28:28,520 --> 00:28:33,520 Speaker 1: it's intentional. I saw I saw President Buquelei, president of 606 00:28:33,560 --> 00:28:36,080 Speaker 1: El Salvador, was on Tucker Carls had months ago and 607 00:28:36,160 --> 00:28:40,240 Speaker 1: he said, he said, you know, I'm from El Salvador. 608 00:28:40,360 --> 00:28:43,280 Speaker 1: We're third World country, and a lot of these cities 609 00:28:43,360 --> 00:28:45,920 Speaker 1: I wouldn't even go to anymore, and so you know, 610 00:28:46,000 --> 00:28:48,360 Speaker 1: we're seeing this and he said, he said, these were 611 00:28:48,440 --> 00:28:51,760 Speaker 1: shining examples of cities on the Hill twenty years ago. 612 00:28:52,040 --> 00:28:54,080 Speaker 2: There's no way they get from here to there without 613 00:28:54,200 --> 00:28:55,040 Speaker 2: being intentional. 614 00:28:55,400 --> 00:28:57,760 Speaker 1: And I saw this week in Los Angeles they have 615 00:28:57,840 --> 00:29:02,200 Speaker 1: this zero bail policy, rests dated even for repeat offenders. 616 00:29:02,560 --> 00:29:08,040 Speaker 1: Now this bill removes bell requirements for offenders. And so 617 00:29:08,480 --> 00:29:11,840 Speaker 1: when you don't punish crime, it seems like you get 618 00:29:11,960 --> 00:29:15,080 Speaker 1: more of that crime. We see the same thing. Stores 619 00:29:15,120 --> 00:29:18,240 Speaker 1: are shutting down everywhere. Target, Walmart, foot Locker are now 620 00:29:18,280 --> 00:29:21,720 Speaker 1: saying that because theft is getting so bad, they're having 621 00:29:21,760 --> 00:29:25,560 Speaker 1: to shut down stores. There's been employees killed during these 622 00:29:25,560 --> 00:29:28,680 Speaker 1: shop left in events. Nordstrom now has to layoff almost 623 00:29:28,760 --> 00:29:32,520 Speaker 1: four hundred workers because they're shutting down the San Francisco 624 00:29:32,560 --> 00:29:36,080 Speaker 1: stores because crime is so bad, and of course if 625 00:29:36,080 --> 00:29:38,360 Speaker 1: you don't punish crime, you get more of it. I mean, 626 00:29:38,600 --> 00:29:40,800 Speaker 1: is that so hard to understand you? 627 00:29:40,840 --> 00:29:44,240 Speaker 3: No? I mean, look, my mother works at Macy's on 628 00:29:44,280 --> 00:29:47,160 Speaker 3: the actual sales floor and was robbed at gunpoint, and he. 629 00:29:47,280 --> 00:29:49,200 Speaker 2: Has been in La in LA. 630 00:29:49,560 --> 00:29:52,600 Speaker 3: And their response is, Okay, maybe we can add another 631 00:29:52,640 --> 00:29:56,080 Speaker 3: security guard. But the requirements are they can't. The security 632 00:29:56,080 --> 00:29:58,760 Speaker 3: guard at Macy's can't put hands on this person out 633 00:29:58,760 --> 00:30:01,680 Speaker 3: of fear of a lawsuit. God forbid, God forbid you 634 00:30:01,760 --> 00:30:04,600 Speaker 3: stop a robbery. Yeah, and then at the same time, 635 00:30:05,240 --> 00:30:07,920 Speaker 3: they don't prosecute, they don't chase after, they don't do anything. 636 00:30:08,400 --> 00:30:11,400 Speaker 3: So now you're just leaving these people, expose your employees 637 00:30:11,440 --> 00:30:14,760 Speaker 3: that you're supposed to care and protect. It's laughable. We've 638 00:30:14,800 --> 00:30:19,360 Speaker 3: allowed these sort of like crimes, these very small petty crimes, 639 00:30:19,480 --> 00:30:22,200 Speaker 3: to escalate into levels that they should never have gotten 640 00:30:22,280 --> 00:30:24,640 Speaker 3: to if we just took care of it at its root. 641 00:30:26,240 --> 00:30:28,040 Speaker 1: And I think like when you look at you know, 642 00:30:28,160 --> 00:30:30,240 Speaker 1: back to kind of these cities being shining cities on 643 00:30:30,240 --> 00:30:34,040 Speaker 1: the hill, like being examples and attracting the world. Like 644 00:30:34,840 --> 00:30:37,160 Speaker 1: most people coming from other parts of the world are 645 00:30:37,200 --> 00:30:37,600 Speaker 1: coming for. 646 00:30:37,560 --> 00:30:38,320 Speaker 2: A better life. 647 00:30:38,960 --> 00:30:40,960 Speaker 1: A lot of that better life that they want is 648 00:30:41,040 --> 00:30:43,240 Speaker 1: like a safer place to live. 649 00:30:44,000 --> 00:30:44,560 Speaker 2: Nobody. 650 00:30:44,680 --> 00:30:46,760 Speaker 1: I don't care if you're you know, a legal immigrant. 651 00:30:46,800 --> 00:30:48,320 Speaker 1: I don't care what country came from. I don't care 652 00:30:48,360 --> 00:30:51,240 Speaker 1: what income level you're at. Nobody wants to live in 653 00:30:51,360 --> 00:30:54,840 Speaker 1: violence or lawlessless like I mean, nobody wants that right. 654 00:30:56,480 --> 00:30:59,680 Speaker 3: No, Like we want to feel safe, Like whether you 655 00:30:59,720 --> 00:31:01,800 Speaker 3: agree with if the taxes you pay or not, I 656 00:31:01,880 --> 00:31:04,400 Speaker 3: anticipate at least some of these tax dollars go towards 657 00:31:04,480 --> 00:31:06,800 Speaker 3: keeping me and my family safe so that I don't 658 00:31:06,840 --> 00:31:09,440 Speaker 3: need to walk around, you know, watching me behind my back, 659 00:31:09,520 --> 00:31:11,360 Speaker 3: or I don't need to, you know, be strapped in 660 00:31:11,480 --> 00:31:14,000 Speaker 3: so so much so that hey, I don't know if 661 00:31:14,000 --> 00:31:16,280 Speaker 3: that person's gonna rob me, jump me, hurt me, hurt 662 00:31:16,360 --> 00:31:19,360 Speaker 3: my family. It's scary to think that I'm saying that 663 00:31:19,400 --> 00:31:22,200 Speaker 3: about a place like America of all places. 664 00:31:21,880 --> 00:31:25,000 Speaker 1: Too, and so like you know, as I kind of 665 00:31:25,040 --> 00:31:26,680 Speaker 1: as I kind of went through, like I believe when 666 00:31:26,680 --> 00:31:29,160 Speaker 1: the money breaks down, you know, second, third, fourth, fifth 667 00:31:29,240 --> 00:31:32,960 Speaker 1: order effects, or that society starts breaking down So that's 668 00:31:33,080 --> 00:31:36,800 Speaker 1: that's one side of it. But then the other side 669 00:31:36,840 --> 00:31:39,440 Speaker 1: is that laws are supposed to, you know, prevent that 670 00:31:39,560 --> 00:31:43,480 Speaker 1: from happening. And so I mean, again, you live in LA. 671 00:31:43,600 --> 00:31:49,440 Speaker 1: I mean I saw the DA of San Francisco gascon 672 00:31:49,600 --> 00:31:52,640 Speaker 1: who basically took away all the crime penalties and turned 673 00:31:52,640 --> 00:31:55,239 Speaker 1: San Francisco into the hole. Then came to LA like 674 00:31:55,440 --> 00:31:57,720 Speaker 1: why would LA hire him after he was just in 675 00:31:57,800 --> 00:32:01,080 Speaker 1: San Francisco And then they saw exactly what happened. 676 00:32:01,080 --> 00:32:02,160 Speaker 2: I mean, what's going on with that? 677 00:32:03,160 --> 00:32:07,200 Speaker 3: Look? Man, Hollywood, politics and sports are the only industries 678 00:32:07,200 --> 00:32:10,280 Speaker 3: where you can fail at your job and then somehow 679 00:32:10,320 --> 00:32:11,000 Speaker 3: get a promotion. 680 00:32:11,160 --> 00:32:14,320 Speaker 2: Yeah, politics, like, we. 681 00:32:14,360 --> 00:32:17,640 Speaker 3: Just we don't. We don't care about ourselves for some reason, 682 00:32:17,760 --> 00:32:20,840 Speaker 3: we tax ourselves more because we vote in these policies. 683 00:32:20,840 --> 00:32:23,920 Speaker 3: We bring in politicians who are who prioritize their donors 684 00:32:23,920 --> 00:32:26,400 Speaker 3: instead of the actual citizens who elect them and put 685 00:32:26,400 --> 00:32:28,240 Speaker 3: them in office. It's a damn shame. 686 00:32:28,760 --> 00:32:32,000 Speaker 1: Yeah, you know, I appreciate your viewpoint on this because 687 00:32:32,040 --> 00:32:34,240 Speaker 1: I know at some point we kind of sat more 688 00:32:34,320 --> 00:32:36,960 Speaker 1: on opposite sides of the political spectrum, and obviously now 689 00:32:37,000 --> 00:32:38,960 Speaker 1: we're just kind of trending more towards the middle. Because 690 00:32:38,960 --> 00:32:41,320 Speaker 1: we see the insanity, you know, and you can go 691 00:32:41,480 --> 00:32:43,840 Speaker 1: too far on either side of the aisle for sure. 692 00:32:44,400 --> 00:32:46,880 Speaker 1: But again back to the point, right, Like it doesn't 693 00:32:46,960 --> 00:32:49,600 Speaker 1: matter what political spectrum you're on, or what country you're from, 694 00:32:49,680 --> 00:32:53,480 Speaker 1: or what income level you're at, Like nobody wants to 695 00:32:53,520 --> 00:32:58,680 Speaker 1: live in that. I think you know, I'm a little 696 00:32:58,720 --> 00:33:02,440 Speaker 1: bit older than you. And when I was growing up, 697 00:33:02,640 --> 00:33:07,480 Speaker 1: like you would still get spanked at school, like literally, 698 00:33:07,480 --> 00:33:10,120 Speaker 1: like you would still get sent to the principals. Now 699 00:33:10,120 --> 00:33:11,840 Speaker 1: I went to private schools, maybe that's little different, but 700 00:33:11,880 --> 00:33:13,400 Speaker 1: like literally you go to the principal's office and he 701 00:33:13,440 --> 00:33:15,800 Speaker 1: would grab a paddle and he would spank you. And 702 00:33:15,920 --> 00:33:19,040 Speaker 1: today in my kids, in my daughter's high school, they're 703 00:33:19,080 --> 00:33:21,480 Speaker 1: not even allowed to send kids to the principal's office 704 00:33:21,480 --> 00:33:24,200 Speaker 1: anymore because they may make them feel bad about themselves. 705 00:33:24,760 --> 00:33:26,840 Speaker 3: Oh, I got sent to the principal's office all the time. 706 00:33:27,160 --> 00:33:30,400 Speaker 3: I went I'm a public school kid. That's wild to me. 707 00:33:30,880 --> 00:33:33,840 Speaker 1: Right, So, like you've gone from spanking in school to 708 00:33:34,000 --> 00:33:35,880 Speaker 1: like still going to the principal's office to now not 709 00:33:35,920 --> 00:33:37,280 Speaker 1: going to the prince of office because they may make 710 00:33:37,360 --> 00:33:40,360 Speaker 1: them feel bad about themselves. So when kids grow up 711 00:33:40,360 --> 00:33:43,160 Speaker 1: with zero consequences to their actions. 712 00:33:44,600 --> 00:33:47,360 Speaker 2: What do they think happens when they become adults. I mean, 713 00:33:48,000 --> 00:33:49,600 Speaker 2: it's not rocket science here, right. 714 00:33:50,200 --> 00:33:52,440 Speaker 3: No, I'm unfortunately, and you kind of asked the question 715 00:33:52,480 --> 00:33:54,600 Speaker 3: that I was going to ask of, like, how do 716 00:33:54,640 --> 00:33:57,440 Speaker 3: they learn discipline? How do they learn right from wrong? 717 00:33:57,520 --> 00:33:59,400 Speaker 3: If no one's going to tell them or punish them 718 00:33:59,400 --> 00:34:01,600 Speaker 3: when they make mistake or at least help them see 719 00:34:02,000 --> 00:34:02,760 Speaker 3: the mistake. 720 00:34:02,520 --> 00:34:05,320 Speaker 1: They made or when they've been taught. There is no 721 00:34:05,360 --> 00:34:08,319 Speaker 1: such thing as right and wrong. There's no such thing 722 00:34:08,360 --> 00:34:11,720 Speaker 1: as truth anymore. There's no such thing as right and wrong. 723 00:34:12,880 --> 00:34:15,879 Speaker 1: Words are now violence. So now if you say something 724 00:34:15,880 --> 00:34:17,600 Speaker 1: I don't agree with, I can say that's the act 725 00:34:17,640 --> 00:34:20,399 Speaker 1: of violence against me. I mean, this whole thing has 726 00:34:20,440 --> 00:34:23,920 Speaker 1: been turned upside down. I don't know how we come 727 00:34:23,920 --> 00:34:26,319 Speaker 1: out of it, but you know, at some point you've 728 00:34:26,360 --> 00:34:30,600 Speaker 1: got to correct the ship. And unfortunately, again not to 729 00:34:30,640 --> 00:34:33,480 Speaker 1: try to make this partisan, but unfortunately, you see this 730 00:34:33,640 --> 00:34:35,839 Speaker 1: in the blue cities in the Blue States. You don't 731 00:34:35,840 --> 00:34:37,520 Speaker 1: see it in the red cities in the Red States. 732 00:34:37,880 --> 00:34:42,000 Speaker 1: And the reason why is simple. If you're tough on crime, 733 00:34:42,239 --> 00:34:44,360 Speaker 1: you don't get as much crime. If you're weak on crime, 734 00:34:44,480 --> 00:34:46,040 Speaker 1: you get more of it. And so all these people 735 00:34:46,120 --> 00:34:49,719 Speaker 1: that are calling for you know, defunding the police, all 736 00:34:49,719 --> 00:34:52,600 Speaker 1: these types of things, well that's what happens. 737 00:34:52,760 --> 00:34:54,279 Speaker 2: You defund the police and you get that. 738 00:34:54,320 --> 00:34:57,560 Speaker 1: I saw San Francisco Mayor Breed had to retreat when 739 00:34:57,640 --> 00:35:01,000 Speaker 1: chaos erupted at a drug crisis event, and so she 740 00:35:01,200 --> 00:35:04,560 Speaker 1: went there, you know, running on this whole platform of 741 00:35:04,560 --> 00:35:07,759 Speaker 1: of yeah, let these people have this open air, you know, 742 00:35:07,880 --> 00:35:11,279 Speaker 1: drug hotspot, let the you know, let's let's let's not 743 00:35:11,440 --> 00:35:14,400 Speaker 1: let's not prosecute them. So she's down there to like 744 00:35:14,800 --> 00:35:19,120 Speaker 1: be a champion for them. But yet while she's down there, 745 00:35:20,080 --> 00:35:23,640 Speaker 1: the things things get so bad, she said, she declared 746 00:35:23,680 --> 00:35:27,759 Speaker 1: that compassion is killing people. And as she started doing that, 747 00:35:28,080 --> 00:35:31,520 Speaker 1: violence erupted and people started, uh, you know, violently throwing 748 00:35:31,560 --> 00:35:33,120 Speaker 1: bricks into the audience and things like that. 749 00:35:33,160 --> 00:35:33,760 Speaker 2: It's insane. 750 00:35:33,840 --> 00:35:35,960 Speaker 1: So, yeah, I don't know what's gonna happen. I think, 751 00:35:36,000 --> 00:35:38,520 Speaker 1: you know, at some point, I guess if you say, 752 00:35:38,600 --> 00:35:40,200 Speaker 1: if you fix the money, you can save the world, 753 00:35:40,200 --> 00:35:41,920 Speaker 1: that's kind of what I know both of us believe. 754 00:35:42,239 --> 00:35:47,239 Speaker 1: And I guess to your point earlier, like some rich 755 00:35:47,280 --> 00:35:51,840 Speaker 1: people with some strong ideological viewpoints potentially to purposely destroy things. 756 00:35:52,680 --> 00:35:55,720 Speaker 1: Have been able to get lots of money and throw 757 00:35:55,800 --> 00:35:58,640 Speaker 1: that at at these types of district attorneys to run. 758 00:35:58,880 --> 00:36:01,600 Speaker 1: And if we had a sound money system that was 759 00:36:01,640 --> 00:36:05,200 Speaker 1: based off of consequence, where if you if you squander 760 00:36:05,239 --> 00:36:07,359 Speaker 1: your money, you don't get more of it, that would 761 00:36:07,440 --> 00:36:08,320 Speaker 1: change it eventually. 762 00:36:08,719 --> 00:36:10,240 Speaker 2: But that's a that's a long way around. 763 00:36:10,560 --> 00:36:13,640 Speaker 1: I've been joined in studio with my friend Q breaking 764 00:36:13,719 --> 00:36:15,280 Speaker 1: down these latest news headlines. 765 00:36:15,520 --> 00:36:17,160 Speaker 2: Hopefully enjoyed that. Let us know. 766 00:36:17,560 --> 00:36:19,479 Speaker 1: Hit me up on social media at one Mark Moss, 767 00:36:19,560 --> 00:36:20,319 Speaker 1: let me know what you think. 768 00:36:20,520 --> 00:36:22,319 Speaker 2: And that's what I got. Until next time.