Speaker 1: All right, welcome back. You are listening to the Mark
Speaker 1: Mo Show. We're talking about the decentralized revolution each and
Speaker 1: every week, of course, talking about the way the world
Speaker 1: is changing, and we look at it through the lens
Speaker 1: of politics, finance, and technology. Of course, the decentralized technologies
Speaker 1: was changing the world. Of course, that is a bitcoin,
Speaker 1: and we are witnessing all three of these things converging
Speaker 1: and clashing. I say it with a smile on my face.
Speaker 1: Uh not because I enjoy the pain that's being inflicted,
Speaker 1: or the or the or the more pain that will
Speaker 1: unfortunately come for most people. Um. I say it just
Speaker 1: because it is interesting. We've been waiting for this to
Speaker 1: happen for a long time. It's finally happening, and it
Speaker 1: gives me a lot of stuff to talk about now.
Speaker 1: Like I said, if you're not prepared, if you're on
Speaker 1: the wrong side of this, it could be drastic for you.
Speaker 1: But you still got time. You still got time. Now,
Speaker 1: I like to say. I like to like to quote
Speaker 1: Iron Rand. She says that you can choose to ignore reality,
Speaker 1: but you can't ignore the consequences of reality. And so
Speaker 1: I think about that, this is the reality. I like
Speaker 1: to also say that we don't we don't invest in
Speaker 1: the markets as we want them to be, as we
Speaker 1: wish they would be, as we think they should be,
Speaker 1: but rather as they are. So we want to pay
Speaker 1: attention to this now as we're witnessing the world breakdown. Um,
Speaker 1: we were just talking about in the previous segment. The
Speaker 1: Bank of England, one of the largest central banks in
Speaker 1: the developed world, is breaking right now. They've they've put
Speaker 1: in some backstop measures that most likely won't work for
Speaker 1: a very long period of time at least, And so
Speaker 1: we're witnessing this happening now. As this is happening, Bitcoin
Speaker 1: appears to be kind of holding up. And why is
Speaker 1: that now? Um, we know that bitcoin was created in
Speaker 1: two thousand eight at the two thou eight Great financial Crash.
Speaker 1: We have not witnessed bitcoin go through a bear market.
Speaker 1: It was really created at the bottom of the bear
Speaker 1: market of the last cycle, and so we don't really
Speaker 1: know what's going to happen. We don't have a historical
Speaker 1: context where historical lens from them, but we do know
Speaker 1: it was created physically for this. As a matter of fact,
Speaker 1: the first line of code by Sotsian Akamoto said that
Speaker 1: the Chancellor is on the brink of a second bill out.
Speaker 1: So he was basically putting the message that banks are
Speaker 1: gonna keep bailing themselves out. They're gonna keep printing more money.
Speaker 1: As they continue to print more money, your money loses
Speaker 1: its purchasing power, which of course is what inflation is.
Speaker 1: And so um it was created for this, and here
Speaker 1: we are witnessing it kind of I'd like to say,
Speaker 1: coming to an end. But you know, we don't know
Speaker 1: how many more tricks these central bankers have up their sleeves.
Speaker 1: Um safety in uh A Moose. He wrote the book
Speaker 1: The Bitcoin Standard, which I highly recommend. If you haven't
Speaker 1: read that book, The Bitcoin Standard, you certainly should. I
Speaker 1: love the book because it really goes through a full
Speaker 1: history of what money is, all the different forms of money,
Speaker 1: how are they used, why they're important. He goes through
Speaker 1: the history of the gold standard, and then it goes
Speaker 1: into a new, better way, which would be a Bitcoin standard.
Speaker 1: And so a great book. It's a it's a big book,
Speaker 1: highly worth reading. But he said that the only way
Speaker 1: for Bitcoin to be defeated would be for central banks
Speaker 1: to become fiscally responsible. So pain caused is um innovation
Speaker 1: we typically only move when we're in enough pain. Now,
Speaker 1: I believe in chiropractic. I've been going to chiropractors most
Speaker 1: of my life. I believe in it. I understand that
Speaker 1: your you know your spine, all your nerves your body
Speaker 1: come to your spine, and you want to keep your
Speaker 1: spine in perfectly alignment to keep your body and harmony.
Speaker 1: I believe in it. But as much as I believe
Speaker 1: in it, I typically only go when I'm in pain, right,
Speaker 1: And the more pain I'm in, the more motivated UM
Speaker 1: to go. And so that's just unfortunately how we are
Speaker 1: as humans. We need some sort of a pain, typically
Speaker 1: greater greater pain, so we'll be motivated by greed, but
Speaker 1: but usually pain. So UM solutions start coming to problems.
Speaker 1: When we have problems, we start looking for solutions to
Speaker 1: those problems. Now, we have a problem with what we
Speaker 1: use as money today because the central bankers continually manipulate
Speaker 1: it and continually cause boom and bust cycles. And that's
Speaker 1: probably one thing we can just count on. We can
Speaker 1: count on humans controlling money will always manipulate it. We
Speaker 1: can just count on that. It's human nature. And so
Speaker 1: the only way that so that's a problem. It's a
Speaker 1: massive problem. Now, if you're in you know, if you're
Speaker 1: in the United States and you go to the bar tonight,
Speaker 1: you're gonna have a fifteen dollar cocktail. It's not really
Speaker 1: bothering that much. But if you're about four billion people
Speaker 1: in the world today living under double and triple digit inflation,
Speaker 1: it's a big, big deally. It's ruining your life. We're
Speaker 1: gonna talk about that in a minute. And so you
Speaker 1: need a solution for this. Now, there's some solutions that
Speaker 1: are available, and that's why we're seeing it in these
Speaker 1: other areas of the world. First. But again back to
Speaker 1: the quote by Safety and Um. The only way for
Speaker 1: bitcoin to be defeated is if central bank has become
Speaker 1: fiscally responsible, which we don't count on happening because of
Speaker 1: human nature. Now, since the bank in Linton has been breaking,
Speaker 1: they've they've agreed to bail out their financial stem belt,
Speaker 1: the pension funds. We've seen bitcoin go up meanwhile everything
Speaker 1: else is going down. It's pretty interesting. Now. One of
Speaker 1: them most famous, maybe one of the boat most successful
Speaker 1: investors in the world today is Stanley druck and Miller Um.
Speaker 1: He actually worked under George Soros and helped organize the
Speaker 1: trade where they broke the Bank of England in a
Speaker 1: single day made a billion dollars. He's uh. His the
Speaker 1: way that he invests has really always been following the
Speaker 1: liquidity of the system. So he's watching central bank um
Speaker 1: policy and when they increase the money supplier, when they
Speaker 1: decrease the money supply, um, he knows what to do
Speaker 1: with his money now. He came out a few years
Speaker 1: ago and said he's a fan of bitcoin. As a
Speaker 1: matter of fact, he's buying bitcoin. The most successful investors,
Speaker 1: one of the most successful investors in the world studying
Speaker 1: under George Soros. He said that he's buying bitcoin because
Speaker 1: he understands because he studies right, his whole investing strategy
Speaker 1: has been following what central banks do. He understands what
Speaker 1: they're doing, and he understands there's a need for something
Speaker 1: like bitcoin. He came out this week and he said
Speaker 1: that he thinks that crypto could enjoy a quote unquote
Speaker 1: rent assans as trust in banks fades, is what he said.
Speaker 1: He said, uh, he said, as the global economy extends
Speaker 1: its suffering, is what he said. So he hinted at
Speaker 1: a renaissance FIRSUS the crypto space. If public trust fades
Speaker 1: in central banks, well is it fading, Well, they've clearly
Speaker 1: lost control. The Federals over the United States has two mandates,
Speaker 1: full employment and stable prices. Were certainly nowhere near stable prices.
Speaker 1: We haven't had anything remotely close to stable prices for
Speaker 1: at least the last couple of years. So they're they're
Speaker 1: obviously failing at that. They're trying to regain credibility. This
Speaker 1: is their words. Um. Jerome Palace said they were going
Speaker 1: to keep at it until it is done. So they're
Speaker 1: gonna keep at whatever they're doing to which is raising
Speaker 1: rates um to regain credibility. They want to show the
Speaker 1: world that they have control of the money system, but
Speaker 1: they don't. Nobody believes it. And on top of it,
Speaker 1: we're witnessing them failing left and right now. The Central
Speaker 1: Bank of the United States FED would probably the last
Speaker 1: one and standing, in my opinion, We're watching the smaller
Speaker 1: ones go bust left and right. They're all scrambling right now.
Speaker 1: So public trust is fading. So he said there will
Speaker 1: be a renaissance if public trust fades. What's happening. He
Speaker 1: said that rate hikes from the FED and worse in
Speaker 1: macroeconomic conditions have proven brutal to the industry. Yes, of course.
Speaker 1: So what we've seen is that because they've been raising raith,
Speaker 1: we've seen risk on assets. These are like tech stocks,
Speaker 1: these are cryptocurrencies. They've had a massive sell off. There's
Speaker 1: no denying that Bitcoin is down almost it's a big
Speaker 1: draw down, but that's because Bitcoin is being traded like
Speaker 1: a risk on asset. But Stanley Ducker Miller thinks that
Speaker 1: it could see a revival as this macro situation worsens
Speaker 1: and it could actually shift from being a risk on
Speaker 1: asset to a risk off asset. And he's not the
Speaker 1: only one. As a matter of fact, Bloomberg Intelligence put
Speaker 1: out a report saying that they believe that by the
Speaker 1: end of two Bitcoin will transform from a risk on
Speaker 1: asset to a risk off asset. What does that mean?
Speaker 1: Risk on is things that you buy when you're okay
Speaker 1: taking the risk. When there's tons of central bank liquidity
Speaker 1: going into the system, everything is gonna go higher that
Speaker 1: I'm gonna go into the riskiest things because I'll get
Speaker 1: the best return. So these are the tech stocks that
Speaker 1: don't make any money or you know, don't make any
Speaker 1: profits cryptocurrencies, et CETERA. Risk off is when UH markets
Speaker 1: are crashing, I don't want to take any risk anymore.
Speaker 1: I better move my money into very safe things. So
Speaker 1: these are typically government bonds. Um, these are gold, things
Speaker 1: like that. Those are risk off. So they think that bitcoin.
Speaker 1: Bloomberger Intelligence thinks that bitcoin will move from a risk
Speaker 1: on to a risk off because of what's happening. And
Speaker 1: Druckton Miller is saying the same thing. He says that
Speaker 1: he thinks the U. S economy could suffer from a
Speaker 1: quote hard landing in the medium term future. What's the
Speaker 1: medium term probably the next six months. He didn't say that,
Speaker 1: I said that, adding that he would be stunned if
Speaker 1: we don't have a recession. Ine that's what he says.
Speaker 1: So he thinks that we're gonna have a hard landing.
Speaker 1: Hard landing means a big crash, and he'd be stunned
Speaker 1: if it doesn't happen. In UM, just taking a break
Speaker 1: for a second. You're listening to the Mark Moshow. If
Speaker 1: you're just tuning in, we're talking about the decentralized revolution,
Speaker 1: the way the world is changing when we look at
Speaker 1: it through politics, finance, and technology. Of course, the technology
Speaker 1: being bitcoin, which we're talking about right now. I'm talking
Speaker 1: about what one of the greatest investors alive today had
Speaker 1: to say this week about what's coming next. You don't
Speaker 1: want to miss what you have to say and more specifically,
Speaker 1: what you should be doing about it. I'll be right back.
Speaker 1: Don't go away, all right, welcome back. You are listening
Speaker 1: to the Mark ma Show. We're talking about the decentralized revolution,
Speaker 1: talking about the world changing. The financial system is crashing.
Speaker 1: We look at the politics, the finance, and the technology piece.
Speaker 1: The financial system is crashing. The political leaders are trying
Speaker 1: to angle a maneuver to hang onto it. And then
Speaker 1: of course the financial system is being destroyed and a
Speaker 1: new one is being created. So Stanley Dreco Miller, one
Speaker 1: of the greatest investors in the world today, says that
Speaker 1: he thinks that we're gonna the US is going to
Speaker 1: have a hard landing in the medium turn. He said
Speaker 1: he will be son of it at him by next year. Um.
Speaker 1: He said the US was in quote deep trouble, and
Speaker 1: he shared an ominous warning that said quote something really
Speaker 1: bad could happen. His words, something really bad could happen.
Speaker 1: Do the worst thing state of the economy. Now, like
Speaker 1: I said, this guy has an amazing track record in
Speaker 1: playing market cycles, and he he hinted. He said that
Speaker 1: there's actually probably a silver lining for bitcoin again, he said,
Speaker 1: there's a renaissance if people start to lose trust in
Speaker 1: central banks. What we're seeing is that if you have
Speaker 1: your money in the banks, it could disappear. Now again,
Speaker 1: it works in the places where the pain is the highest.
Speaker 1: Now in the United States the pain is the lowest.
Speaker 1: It's the lowest and most likely the pain will come
Speaker 1: to us in the United States last. But do you
Speaker 1: want to make the mistake and lose everything or would
Speaker 1: you rather learn from other people's mistakes so you don't
Speaker 1: have to know. I would prefer to learn from other
Speaker 1: people's mistakes, which I try and do. So what mistakes
Speaker 1: are we seeing? Well, in Lebanon, people are literally breaking
Speaker 1: into the banks. They're literally doing bank heist to get
Speaker 1: their own money out because they can't get it in
Speaker 1: the UK. We're not talking about Lebanon. We're talking about
Speaker 1: in the UK the bond investors, the pensions, the retirees
Speaker 1: just potentially lost all their money. But the central bank
Speaker 1: just bill didn't stepped in to bail them out. How
Speaker 1: long can they keep doing that? For? Answer is not
Speaker 1: very long. But this can't happen here, Mark, no way.
Speaker 1: We're the United States. Sure, we're the United States reserve
Speaker 1: currency of the world. With the FDIC insurance right back
Speaker 1: up those bank statements. It will it, certainly will, I believe.
Speaker 1: Uh No, there's a chance it won't. FDC insurance doesn't
Speaker 1: have enough insurance to cover the bank deposits. It would
Speaker 1: take a Congress to act and give them the amount
Speaker 1: of money they would need. And even if even if
Speaker 1: Congress did do that, they'd have to go print eighty
Speaker 1: trillion dollars. But what would happen if they did that, Well,
Speaker 1: that would devalue the currency massively. So even if they
Speaker 1: did give you your dollars back, they would only buy
Speaker 1: you a fraction of what they would buy today. So
Speaker 1: it makes sense I might want to have some assets
Speaker 1: that are outside this system, And that's exactly what he's
Speaker 1: talking about. Druckor Miller's argument is that the asset class
Speaker 1: could see a bounce not because of the FED flipping
Speaker 1: from hawks to dothers. So right now the FED is hawkish, right,
Speaker 1: They're they're gonna crush inflation. We're gonna crush demand. They're
Speaker 1: very hawkish, they're very harsh, moving to devilish means. They're
Speaker 1: they're light, they're friendly. They're gonna now ease system. They're
Speaker 1: gonna pump money back in. So he said, he said
Speaker 1: that we could see the act class bounce, not because
Speaker 1: the FED flipping from hawks to dovish, but because people
Speaker 1: may lose trust and central banks like the FED altogether.
Speaker 1: And I think that's exactly what's happening now. Um, there's
Speaker 1: other bullish tell winds behind bitcoin as well as a
Speaker 1: matter of fact, Um, the CFTC chairman Benroom said this
Speaker 1: week that he thinks the quote bitcoin price could dub
Speaker 1: mm hmm CFTC. CFTC chairman. What did he say exactly? Now,
Speaker 1: if you're not if you know what the CFTC is,
Speaker 1: it's the Commodities Futures Trading Commission. It's the regulatory body
Speaker 1: in the United States that regulates commodities. Commodities are typically
Speaker 1: real things. These are wheat, it's oil, it's gas, it's uranium,
Speaker 1: um silver, right, that's commodities. Securities are equities. Securities are
Speaker 1: Tesla stock or Apple stock or Microsoft Stock, so securities
Speaker 1: and commodities. The commodities are. The CFTC is the regulatory
Speaker 1: body the United States, and they are. Well, bitcoin has
Speaker 1: been kind of up for debate. They've been squabbling over
Speaker 1: who's going to control bitcoin. A lot of people say, well,
Speaker 1: wait till the government regulates it. Well, I'm like the
Speaker 1: government already regulates as a matter of fact, the CFTC
Speaker 1: already regulates it as a matter of fact, the SEC
Speaker 1: regulates it, the I r S regulates it, Fence and
Speaker 1: regulates it, and on and on and on. But the
Speaker 1: CFTC and the SEC have been fighting over who is
Speaker 1: going to be the regulator of the crypto industry. And
Speaker 1: basically where we're at today. Gary Ginsler, who's the head
Speaker 1: of the SEC, has basically come out and said he
Speaker 1: hasn't written it down in black and white on paper,
Speaker 1: but he's basically said it verbally that anything other than
Speaker 1: bitcoin is a security. And they had originally kind of
Speaker 1: said maybe ethereum is not a security, but now that
Speaker 1: ethereum just went through this merge, he says that now
Speaker 1: it's probably a security. So don't get mad at me,
Speaker 1: don't shoot the messenger. That's Gary Ginsler, head the SEC,
Speaker 1: said that, so it looks like bitcoin might be the
Speaker 1: only one that is actually a commodity, and is it
Speaker 1: is regulated by the CFTC. CFTC so the chairman, Roston
Speaker 1: Benram said this week on Wednesday, he said, quote growth
Speaker 1: might occur if we have a well regulated space. Um.
Speaker 1: He told there was a fireside chat at New York
Speaker 1: University School of Law. He said, quote bitcoin might double
Speaker 1: in price if there's a CFTC regulated market. End quote.
Speaker 1: So he's saying that, look, if we could just get
Speaker 1: some clarity here, right, If we get this, get the
Speaker 1: SEC out of the way, let's clearly find everything else security,
Speaker 1: let's make bitcoin commodity. Will take it over. Um. If
Speaker 1: and if we can give it a regulated market, we
Speaker 1: think the price of bitcoin could double. Well, I think
Speaker 1: bitcoin could do way more than double. But that's that's
Speaker 1: his words. Um. He went on to say, So there's
Speaker 1: a bill, so by Bartisan bill introduced by the leaders
Speaker 1: the Senate Agriculture Committee, which oversees the CFTC, would crown
Speaker 1: the CFTC the primary regulator for the crypto industry, expanding
Speaker 1: the agency's authority to oversee crypto spot markets and require
Speaker 1: crypto trading firms to register with the CFTC. So there's
Speaker 1: this new bill. They're hoping that it goes through. If
Speaker 1: it goes through, it gives them clarity. If it gives
Speaker 1: them clarity, then they'll have the ability to oversee the regulations,
Speaker 1: which again back to his words saying that if we
Speaker 1: get clear regulations, then we think the price of bitcoin
Speaker 1: could double. Um. Now, look, I'm just gonna say a disclaimer.
Speaker 1: I'm not for any of this. Um. I believe that
Speaker 1: I live in America. I was born in a free country,
Speaker 1: land of the free right. Um, we don't ask for
Speaker 1: permission in the United States. Everything is free because we
Speaker 1: live in a free country. Now, they make laws making
Speaker 1: things illegal. So if there's a law specifically saying that
Speaker 1: something is illegal, then it's illegal. Right. So I'm not
Speaker 1: saying that we should go break the law. The laws
Speaker 1: are there. We have to honor those laws or we
Speaker 1: pay the pay the consequence for those The point that
Speaker 1: I'm making is that we don't ask for permission to
Speaker 1: do things. If there's a law, then we know there's
Speaker 1: a law. If there's not a law, then it's free.
Speaker 1: We're free to do that. So my father went to
Speaker 1: war force, my grandfather went to war force. All our
Speaker 1: forefathers went to war for So for them to say that,
Speaker 1: you know, things were probably better if we made some
Speaker 1: regulations around it, I just have a hard time believing that.
Speaker 1: I don't support that. Um. Now, the problem is, I
Speaker 1: guess some of these you know, Wall Street firms, UM,
Speaker 1: they're afraid to act because they're afraid if they do
Speaker 1: something that then later one of these regulatory bodies could
Speaker 1: come and change their laws retroactively and they could you know,
Speaker 1: get in trouble and have to pay fines or whatever,
Speaker 1: which is a problem. That's pretty stupid that you could
Speaker 1: have a regulatory body coming and make laws that aren't
Speaker 1: there and then retroactively put them in place. Kind of
Speaker 1: highlights how screwed up this whole system that we have here.
Speaker 1: Now I get it, like I said, if there's laws,
Speaker 1: you got you gotta respect those laws. But if there's
Speaker 1: no laws, then we should be free to do that.
Speaker 1: So the fact that we need a we need a
Speaker 1: new regulation to give clarity so that it allows people
Speaker 1: to make a move that they could then push the
Speaker 1: price higher. It's pretty messed up. But that's the world
Speaker 1: that we live in. It's his words, not mine. Stanley
Speaker 1: Dructor Miller thinks the price could go up by central
Speaker 1: banks lose credibility, which they are. CFTC says, if this
Speaker 1: bill goes through and gives clarity, we could see the
Speaker 1: price of bitcoin double. Bloomberg Intelligence says that bitcoin can
Speaker 1: move from risk onto risk off asset. Are you starting
Speaker 1: to see the light of the end of the tunnel.
Speaker 1: You listen to the Markmas Show. We're talking about their
Speaker 1: decentralized Revolution. I'll be back with that and more in
Speaker 1: a minute. Do not go away, I'll be right back.
Speaker 1: All right, welcome back. You are listening to the Mark
Speaker 1: Ma Show. We're talking about the decentralized Revolution, talking about
Speaker 1: the way the world is changing rapidly. You know, I
Speaker 1: think about I say it all the time. It's putin quote.
Speaker 1: I'm sorry, I'm not putin the other Vladimir Ladmir lenin
Speaker 1: that there's day there's decades where nothing seems to happen.
Speaker 1: In there's days where decades seemed to happen. And that's
Speaker 1: kind of where we're at right now. The world is
Speaker 1: literally burning down, crumbling down all around us. Maybe you
Speaker 1: don't notice, you know, Um, I just got back. I
Speaker 1: was in Mexico for about six days. I went and
Speaker 1: spoke at a conference down to Mexico City called Nomad Capitalists.
Speaker 1: About five people there at the conference, and they were
Speaker 1: all there to learn about UM international diversification, we'll call
Speaker 1: it that. So these five people went to Mexico City
Speaker 1: to attendis conference which I was a speaker there, UM
Speaker 1: to learn about international diversification. What does that mean? Well,
Speaker 1: what what what does diversification? So that means instead of
Speaker 1: putting all your money into one stock, that would be
Speaker 1: pretty foolish, you would diversify. So instead of putting all
Speaker 1: in one stock, I just spread my money around. I'd
Speaker 1: put a little bit into real estate, a little bit
Speaker 1: into gold, a little bit in stocks, a little bit
Speaker 1: in the bitcoin. And not just one stock, I'd put
Speaker 1: into multiple stocks in multiple sectors. Right, So that's diversification.
Speaker 1: So international diversiication is kind of the same thing, which
Speaker 1: is like I wouldn't put all my light, my own
Speaker 1: my money in one stock. Why would have my whole
Speaker 1: life in one country. Now, again, if you're in the
Speaker 1: United States, maybe you don't see this. If you're in
Speaker 1: another country, you probably see the need for this more
Speaker 1: and more. Remember, we move off of pain, and so
Speaker 1: these people came uh to learn about this international diversification.
Speaker 1: We're learning about all these problems, all these laws, all
Speaker 1: these things, all these financial situations that are going on,
Speaker 1: why you might want to diversify internationally. That means, you know,
Speaker 1: getting different residencies, different passports, setting up different corporations in
Speaker 1: other countries, buying parties are invested into other countries, things
Speaker 1: like that. And so these these five people were pretty
Speaker 1: tuned into what's going on. Obviously, they're paying attention and
Speaker 1: that's why they're there. They see the signs and they
Speaker 1: realize they should probably start making plans for this. But then,
Speaker 1: you know, just I was just thinking about the other
Speaker 1: people at the hotel. Um then my wife and I
Speaker 1: we took off from Mexico City, flew out to the
Speaker 1: beach at Porta Villarta, hung out for a couple of days.
Speaker 1: They're just hanging out at the beach, hanging around the
Speaker 1: pool in the hotel resort, etcetera. And I'm just looking
Speaker 1: at all the people there and just thinking like, these
Speaker 1: people have no idea what's about to happen. And then
Speaker 1: I think, you know, they have no idea what's going
Speaker 1: to happen, and doesn't matter. Like we're in this town
Speaker 1: of Porta Villarta, you know, we're thirty or forty minutes
Speaker 1: away from the airport. Um, it's kind of like a
Speaker 1: little pueblo, like a little village there. Um, they have
Speaker 1: no idea. They're just living their lives. But what if
Speaker 1: this entire financial system melts down? Does it affect them? Well,
Speaker 1: you know a lot of times in in in third
Speaker 1: world countries like this like Mexico, Central America, I'll salwid
Speaker 1: or Nicaragua, etcetera. They don't have bank accounts that have
Speaker 1: their money in the bank, so they don't really have
Speaker 1: to worry about that way. But if they did have
Speaker 1: money in the bank, that would certainly affect them in
Speaker 1: a big way. If they obviously had stocks and bonds
Speaker 1: and whatnot, that would certainly affect them in a big way.
Speaker 1: But they don't not there, but their lifestyle would change.
Speaker 1: They'd certainly have way less tourism, and they live off tourism,
Speaker 1: so all these people that they were expected to come
Speaker 1: there wouldn't be So just look back in March or
Speaker 1: most of really, during the pandemic, people in Mexico were
Speaker 1: like literally starving to death because there was no tourism.
Speaker 1: So without any economy, well, without any tourism, what do
Speaker 1: they do. I was involved in a in a ministry
Speaker 1: down in another town, Porto West Candido, and I was
Speaker 1: sending money down there, and uh, they were buying food
Speaker 1: and they had like this food ministry where they were
Speaker 1: delivering packets of food out to all these different people
Speaker 1: um because they just they had no way to eat.
Speaker 1: So even if you're not paying attention to what's going on,
Speaker 1: and even if you don't have your money in the bank,
Speaker 1: and even if you don't have your stocks or whatever,
Speaker 1: you're still going to be affected by what's going on.
Speaker 1: So again, back to dine Ran quote, you can choose
Speaker 1: to ignore reality, but you cannot ignore the consequences of reality.
Speaker 1: So I like to pay attention. I like to watch
Speaker 1: the signs. Now, one thing that you want to think
Speaker 1: about is um. One of the biggest revolutions in the
Speaker 1: world is obviously bitcoin, but one of the one of
Speaker 1: the features of it is that for the first time
Speaker 1: in history, or we'll go back, one of the oldest
Speaker 1: problems in history is how do I protect my wealth,
Speaker 1: my assets my value in a in a way that
Speaker 1: won't be stolen. So for the first few people in
Speaker 1: the world, you're gonna try and come steal my chickens
Speaker 1: or my goats. As we make a tribe and we
Speaker 1: make a village, we make a kingdom, we make a
Speaker 1: country to protect our private property. But bitqoins solve that
Speaker 1: for the first time in history. Now I can have
Speaker 1: my hundred dollars, thousand, dollars, million, dollars, billion, dollars, whatever
Speaker 1: I have, and I can just store cryptographically and it
Speaker 1: doesn't cost me any more time, effort, energy to secure
Speaker 1: one dollar than it does a billion dollars and no
Speaker 1: one could take it from me. Now that's if I
Speaker 1: custody it myself. If I take custody now. Um to
Speaker 1: these pensioners in the UK right now that are losing
Speaker 1: all their money as a stump, well, the UK is
Speaker 1: bailing them out right now. Maybe it'll work, maybe it won't.
Speaker 1: But all their money, all their value, all their wealth
Speaker 1: is in somebody else's pocket, in the government's pocket, and
Speaker 1: there's a chance they don't get it back. That's called
Speaker 1: counterparty risk. And so one of the best ways that
Speaker 1: is to pull this out now, let's go back to
Speaker 1: um Let's go back to America. Let's put it here.
Speaker 1: Let's put it right here at home. Gold have been
Speaker 1: money for five thousand years. Through the eighteen hundreds, the
Speaker 1: United States was blowing up. People were farming and we
Speaker 1: had agriculture growing. People were making so much money. New
Speaker 1: towns are being developed. The wealth that was being created
Speaker 1: was that was unimaginable. But that was all in gold.
Speaker 1: They stored it in gold. But what do you do
Speaker 1: with all this gold? Now, If you've got a hut,
Speaker 1: a dollars worth of gold is easy, right, you put
Speaker 1: it under your mattress. If you have a million dollars
Speaker 1: of gold, you gotta do something else with it. You
Speaker 1: can't just go bury it in the yard. And so
Speaker 1: they put into banks. By three, everyone had just put
Speaker 1: their gold in the banks, and the banks gave them
Speaker 1: io us or claim saying that they were owed the gold.
Speaker 1: Three the government shut all the banks down for a week.
Speaker 1: When they opened the banks back up a week later,
Speaker 1: it was illegal to own gold. You couldn't get your
Speaker 1: gold out the bank anymore. Your gold was taken from you.
Speaker 1: Now if you didn't have your gold in the banks,
Speaker 1: and instead you had your gold buried in your backyard.
Speaker 1: Guess what, you didn't get your gold stolen from you.
Speaker 1: Or let's say you didn't have gold at all. Let's
Speaker 1: say that you owned land and you had like a
Speaker 1: hundred thousand head of cattle and you had a business
Speaker 1: or whatever. Well, then they stole the gold, but I
Speaker 1: didn't have my gold in there. So that's what we're
Speaker 1: talking about. You have your pension in their bond market,
Speaker 1: you have your stocks and your equities there, you have
Speaker 1: your money in their bank accounts. If this system goes
Speaker 1: down like it like it has many times before ninety three,
Speaker 1: you're going to be affected. But if you don't, if
Speaker 1: you have your money out of that like bitcoin putting
Speaker 1: into cold storage, you're probably gonna be doing a lot
Speaker 1: better or if you lose that counterparty risk. So um,
Speaker 1: I'm obviously a fan of bitcoin. I think it's the future.
Speaker 1: I think if you don't have at least two to
Speaker 1: three percent, maybe up to a five percent allocation to
Speaker 1: it's pretty irresponsible in today's day and age. I'm not
Speaker 1: saying take all your money and go buy it. No,
Speaker 1: I'm definitely saying, as a matter of fact, I'm saying
Speaker 1: not to do that. Don't do that. But what I
Speaker 1: am saying is you had up all your investible assets,
Speaker 1: and investible assets are everything but your house and your
Speaker 1: and your and your business. So take up all your
Speaker 1: stock accounts, you know, or four one case, et cetera.
Speaker 1: Add that all up. Is that a thousand dollars, Okay,
Speaker 1: it's a hundred thousand dollars, whatever it is, Take one
Speaker 1: percent or two percent of that and just put into bitcoin,
Speaker 1: not not not a not fifty, but one or two percent,
Speaker 1: and then when you buy it, take it off the
Speaker 1: exchange and hold it in your own custody. Bitcoin is
Speaker 1: a bare asset I meaning if I have it, I
Speaker 1: have it and nobody else has it. Now, if we
Speaker 1: need any more confidence into what's happening in the future,
Speaker 1: it's all around us. Now. Remember I was talking about
Speaker 1: how really pain causes action, Like my chiropractic story. I
Speaker 1: believe in chiropractic, but I typically don't go and tell
Speaker 1: them in pain. And so when you're you know, in
Speaker 1: downtown New York and Manhattan and you're at the bar
Speaker 1: order in fifteen dollar martinis, you probably don't have a
Speaker 1: super high pain. But if you're in Mexico depending on tourism,
Speaker 1: or you're in Sub Saharan Africa, you might have a
Speaker 1: whole different set of pain. And that's why the areas
Speaker 1: of the world that have this pain are the areas
Speaker 1: that are adopting at first. And as a matter of fact,
Speaker 1: this new report came out that shows just how fast
Speaker 1: it's happening there and you're not going to believe it.
Speaker 1: So I want to cover that in a minute when
Speaker 1: I come back. You're listening to the Markma Show. We're
Speaker 1: talking about the decentralized Revolution. Talk about the way the
Speaker 1: world is changing through the lens of politics, finance, and technology,
Speaker 1: and I want to cover that. I want to talk
Speaker 1: about where the pain point is the highest, what the
Speaker 1: numbers are of it moving through. I us want to
Speaker 1: talk about forget the price for a minute. There's two
Speaker 1: things that you should be watching, and neither one of
Speaker 1: those are the price. I'm gonna talk about both of
Speaker 1: those as well. So I got that to cover when
Speaker 1: I come back. Don't go away, I'll beer back, all right,
Speaker 1: Welcome back. You are listening to the Markma Show. When
Speaker 1: we talk about the decentralized Revolution, I'm giving you the
Speaker 1: play by play as you can see the world transforming
Speaker 1: changing right before our very eyes, moving from a world
Speaker 1: of centralization, top down, centrally planned world that can macform
Speaker 1: driven world into back to a free, fair, decentralized world.
Speaker 1: Of course, we look at through lens of politics, finance,
Speaker 1: and technology, the technology being the decentralized revolution that we're having,
Speaker 1: the technology being bitcoin, and you know we're talking about
Speaker 1: how um. If you're in New York City, downtown Manhattan
Speaker 1: and you're the bar having your fifteen dollar martini, you
Speaker 1: probably don't see the need for it. But if you're
Speaker 1: in UM. You know, if you're one of four billion
Speaker 1: people in the world living under an authoritarian regime dealing
Speaker 1: with double or triple digit inflation, you gotta need. You
Speaker 1: have a need, you need a solution for If you're
Speaker 1: in North Korea and you're not allowed to have any
Speaker 1: money and without money there's no freedom, you have a need.
Speaker 1: And so in North Korea, you know, they have this UH.
Speaker 1: In in every area of the world, there's capitalism, capitalism
Speaker 1: being um being taking my personal private property and trying
Speaker 1: to do free trade and use my scarce resources more efficiently.
Speaker 1: That's what capitalism is, and capitalism is always and everywhere present.
Speaker 1: Even in the most communist areas, people are still doing
Speaker 1: still still freely trading amongst themselves, and it's called black markets. Um.
Speaker 1: Even in preschools, kids are trading sandwiches for chips or
Speaker 1: for stickers. It's called free markets. Even in prison there's capitalism.
Speaker 1: People are taking their scarce resources and trading it freely.
Speaker 1: Capitalism is not crony ism. People think, oh, capitalism failed,
Speaker 1: Look at what look at Look at the United States.
Speaker 1: Capitalism has failed. The United States is nowhere near capitalism.
Speaker 1: It's a matter of fact, we're seventy or not, I
Speaker 1: guess communism. In Karl Marks's book titled The Communist Manifesto,
Speaker 1: he lays out ten points of communism, ten points that
Speaker 1: you must have in order to have a communist society.
Speaker 1: The United States has seven of those ten. That's a
Speaker 1: quantitative metric. Seven of the ten are here. It's not
Speaker 1: freely traded corporations using the government to put regulations in
Speaker 1: place to protect themselves and create these modes. That's not capitalism.
Speaker 1: Capitalism is free and voluntary exchange. Capitalism led to slavery. Well,
Speaker 1: capitalism is free in voluntary exchange. It protects private property rights.
Speaker 1: The slavery protect private property rights. The slavery is slavery free, involuntary.
Speaker 1: So it's not capitalism. You can call it that if
Speaker 1: you want, but that's not what it is, all right.
Speaker 1: Uh oh, and a shameless plug. If you've never read
Speaker 1: the Communist Manifesto, save yourself the brain cells. UM. I
Speaker 1: wrote a rebuttal to that. It's called the Uncommunist Manifesto.
Speaker 1: You can find it on Amazon and went live UM
Speaker 1: in August, and uh, check it out, Uncommonist Manifesto. Leave
Speaker 1: me a review. I'd love to hear it. All right. Now,
Speaker 1: back to where the pain is the highest. And again,
Speaker 1: this is in these um areas where the pain is
Speaker 1: the highest. And so what we see is that crypto
Speaker 1: is quietly thriving in Sub Saharan Africa. Per a chain
Speaker 1: analysis report. Reports shows strong crypto usage and adoption rates
Speaker 1: in the region with highly educated young people in low
Speaker 1: job prospects. Crypto is a quote, a way to feed
Speaker 1: the families. Mhmm, that sounds weird. I thought it was
Speaker 1: just for criminals. I thought it was only for criminals
Speaker 1: that want to do criminal things. I thought it was
Speaker 1: just for financial speculators. Well, in America, it is because
Speaker 1: there's no there's no well, I'm not it's not for
Speaker 1: not for criminals, but it's for speculating in the US
Speaker 1: because we don't have the pain. But in Sub Sahara Africa,
Speaker 1: we are who, says um the region sub Saharan Africa,
Speaker 1: cryptodoption usage is has the world's highest proportion of crypto
Speaker 1: retail payments of less than a thousand dollars, has eighty
Speaker 1: percent of the world's proportion of crypto payments of under
Speaker 1: a thousand dollars. That means it's being used for real things.
Speaker 1: The report highlights how peer to peer transactions are more
Speaker 1: common in Sub Saharan Africa than anywhere else in the world.
Speaker 1: Six percent of all crypto transaction volume is happening in Africa.
Speaker 1: Um It says. It dwarfs those of Central and Southern
Speaker 1: Asia and Oceania, with the region uh and Oceania the
Speaker 1: region with the second highest volumes in that category. Many
Speaker 1: Africans have integrated crypto into everyday life. The report says
Speaker 1: crypto usage is driven by everyday necessity, as opposed to
Speaker 1: so it's driven by everyday necessity, not by speculation by
Speaker 1: the already well off. It's especially in countries where the
Speaker 1: values of local fiat currencies are dropping, as we've seen
Speaker 1: in Nigeria and Kenya. So again, if you're in Nigeria Kenya,
Speaker 1: where the value of your currency is dropping so fast
Speaker 1: you know you're losing sixty of the value of your currency,
Speaker 1: You're gonna go to something else at least be better.
Speaker 1: You're gonna go to crypto. You're gonna go to bitcoin.
Speaker 1: But but bitcoin is too volatile. Well, it's too volatile,
Speaker 1: I would agree, it's much more volatile the United States
Speaker 1: US dollar currency. But what about if you're in Nigeria Kenya?
Speaker 1: Is it more volatile than those currencies? Is it at
Speaker 1: risk of getting seized like what's happening in Lebanon. The
Speaker 1: answer is no, You're gonna take your chance. It says
Speaker 1: here we don't have big institutional level traders in Sub
Speaker 1: Saharan Africa. It's the people driving the market here, and
Speaker 1: they're all retail. Nigeria has a ton of highly educated
Speaker 1: young graduates with high unemployment rates and no jobs available.
Speaker 1: So it's not just uh, stupid, ignorant um, dumb people
Speaker 1: being taken advantage of. It's not just rich speculators trying
Speaker 1: to make money. No highly educated young graduates with high
Speaker 1: unemployment rates and no jobs available. Cryptosm is they rescue.
Speaker 1: It's a way to feed their family. The report says,
Speaker 1: it's growing now, grows where the need is the biggest,
Speaker 1: just like other technologies do. So. The Internet was a
Speaker 1: technology that swept across the world. It's changed the world.
Speaker 1: That's brought more quality to the world than anything in
Speaker 1: the world. If you have a smartphone, which most of
Speaker 1: the world does now, you're pretty equal. You can learn
Speaker 1: anything you want in the world with a smartphone on
Speaker 1: Google or YouTube. You can meet anybody in the world
Speaker 1: that you want on social media. You can pretty much
Speaker 1: do any business that you want in the world from
Speaker 1: a smartphone. If if you're allowed to join the financial network.
Speaker 1: Now half the world isn't allowed to join the global
Speaker 1: financial system. Why because they're not They're not able to
Speaker 1: do They don't have permission. They don't have permission to
Speaker 1: join the big deal now. Jack Dorsey who you might know.
Speaker 1: You might know that name. He was the founder of
Speaker 1: the CEO of Twitter until recently he stepped down. Jack Dorsey, Um, yeah,
Speaker 1: I mean you don't have to you obviously, I'm sure
Speaker 1: know who is. He's not only a founder of Twitter,
Speaker 1: but also Block, which is square and cash app, one
Speaker 1: of the largest digital payment providers in the world. He
Speaker 1: left Twitter to focus the rest of his life on
Speaker 1: building bitcoin. That's what he said. Those are his words.
Speaker 1: He created a new company called t b d the
Speaker 1: It's a bitcoin focused subsidiary of Jack Dorsey's Block, which
Speaker 1: is uh sq. It's teaming up with now Circle Internet Finance,
Speaker 1: which is an issuer of a stable coin of u
Speaker 1: s DC. Now stable coin is like a digital dollar,
Speaker 1: and it's helping to bring cross border dollar links stable
Speaker 1: coin transfers and savings two investors globally. Block is a
Speaker 1: payments firm that runs on cash app, that runs cash app,
Speaker 1: and it's him by Twitter co founder. Like I said,
Speaker 1: Jack Dorsey. Now, people that live in countries with rapidly
Speaker 1: depreciating currencies such as Argentina and Turkey and of course
Speaker 1: sub Saharan Africa like we were talking about, they have
Speaker 1: moved into crypto to protect their savings from devaluation, and
Speaker 1: specifically US dollar link stable coins. They become a popular
Speaker 1: alternative for savings and remittances. Remittances are sending currency back
Speaker 1: and forth, and US dollar is there of currency today
Speaker 1: and we think bitcoin might be the reserve currency of tomorrow.
Speaker 1: I would agree, however, stable coins are the bridge in
Speaker 1: between the two, says Emily Chew, TVDS chief operating Officer
Speaker 1: told Coin Desk, and so again Argentina, Turkey, subscar in Africa.
Speaker 1: This is where it's growing now. Eventually it's going to
Speaker 1: come to England when the Bank of England finally capitulates
Speaker 1: and breaks, and it's kind of come to the United
Speaker 1: States as well. You have the chance to get in
Speaker 1: before everybody else if you can see the science which
Speaker 1: I'm trying to report to you each and every week.
Speaker 1: By the way, you're listening to the Mark Moa show
Speaker 1: talking about the decentralized revolution, the way the world is
Speaker 1: changing right before ver eyes. If you know what you're
Speaker 1: looking for, you have a chance to front run this
Speaker 1: With the information I'm giving you. I hope that you
Speaker 1: take it and that's what I got. Thanks for listening.