WEBVTT - Money is Changing 0:00:00.040 --> 0:00:03.000 Hello, and welcome to another episode of the Mark mo Show, 0:00:03.000 --> 0:00:06.480 where we talk about the decentralized revolution. We talk about 0:00:06.519 --> 0:00:09.280 the way the world is changing right before every ice, 0:00:09.360 --> 0:00:14.440 swinging from um a peak centralization and back to decentralization. 0:00:14.520 --> 0:00:16.599 We look at this each and every week what I 0:00:16.640 --> 0:00:19.239 like to call the signpost. We know that we're getting 0:00:19.239 --> 0:00:22.640 closer to this climax, the pendulums swinging back. And we 0:00:22.680 --> 0:00:26.000 know this because of the signposts that we see all 0:00:26.079 --> 0:00:28.080 around us. We look at them through the lens of 0:00:28.080 --> 0:00:32.440 both or of all three of the politics, finance, and 0:00:32.479 --> 0:00:36.360 of course technology, A lot of other not a lot. 0:00:36.600 --> 0:00:39.959 A few other analysts like Ray Dalio have put out 0:00:40.000 --> 0:00:43.640 some amazing books talking about how this UM changing of 0:00:43.640 --> 0:00:45.519 the guard, if you will, is coming to pass. But 0:00:45.560 --> 0:00:48.279 what they leave out is the technology piece, which is 0:00:48.320 --> 0:00:50.479 the biggest catalyst. When you look back through thousands of 0:00:50.560 --> 0:00:54.080 years of history, it's always technology that changes things. Today 0:00:54.120 --> 0:00:59.440 we're gonna talk about UM something big and this is 0:01:00.000 --> 0:01:03.960 all three. It's politics, it's finance, and it's technology. We 0:01:04.000 --> 0:01:08.160 look at the intersection of those three things. That's what 0:01:08.200 --> 0:01:10.360 we focus on this show. So UM I try to 0:01:10.360 --> 0:01:12.800 bring to you some education. So I can kind of 0:01:12.800 --> 0:01:16.399 help you understand this. You can understand differently some of 0:01:16.400 --> 0:01:19.760 the latest breaking news and of course some exciting guests 0:01:19.800 --> 0:01:21.399 you don't have to listen to me talk all the time. 0:01:21.600 --> 0:01:24.800 Today we are talking about education and we're gonna dig into, 0:01:24.840 --> 0:01:27.840 like I said that, the convergence of those three politics, 0:01:27.840 --> 0:01:33.479 finance and technology, and talk about money. Talk about something big. 0:01:33.480 --> 0:01:39.480 I'm talking about money. Money is um basically half of 0:01:39.720 --> 0:01:43.399 every transaction that you make in your life. So you 0:01:43.480 --> 0:01:46.039 trade your money for a house, you trade your money 0:01:46.080 --> 0:01:48.560 for a meal, you trade your money for a bus ticket, 0:01:48.760 --> 0:01:52.400 you trade your money, right, it's always half of that. Now, 0:01:52.440 --> 0:01:55.720 money is uh, pretty misunderstood. Most people don't really know 0:01:55.760 --> 0:01:57.280 what it is. I mean, you think you do, right, 0:01:57.320 --> 0:01:59.360 it's it's in your pocket or it's on your debit 0:01:59.360 --> 0:02:01.600 card allows you buy things. But you don't really understand 0:02:01.640 --> 0:02:04.160 what money is. And more importantly, you don't understand how 0:02:04.200 --> 0:02:07.040 money is changing right now and what that means. And 0:02:07.080 --> 0:02:09.360 so it's happening right now, right before our very eyes. 0:02:10.080 --> 0:02:12.480 And uh, I want to talk about that because this 0:02:12.560 --> 0:02:17.880 week some big, big, big news were made specifically around 0:02:17.880 --> 0:02:22.280 money from multiple angles both um, showing that the existing 0:02:22.320 --> 0:02:25.200 form of money. What we've known, what we have is 0:02:25.280 --> 0:02:30.480 being challenged and it's dying. And this week also the 0:02:30.600 --> 0:02:34.320 new forms of money have been pushed and promoted. So 0:02:34.360 --> 0:02:37.440 we're seeing both one dying and one rising up at 0:02:37.440 --> 0:02:39.760 the exact same time. And so I want to explain 0:02:39.800 --> 0:02:42.880 to you what that is. And so let's just jump 0:02:42.919 --> 0:02:45.920 into it. So I've been talking about this for months 0:02:45.919 --> 0:02:48.880 and months and months ever since. Really, well, I've been 0:02:48.880 --> 0:02:51.400 talking about for years on my main YouTube channel. If 0:02:51.400 --> 0:02:54.080 you don't watch me on YouTube, you should just search 0:02:54.120 --> 0:02:57.160 Mark Moss on YouTube, and um on those YouTube videos, 0:02:57.200 --> 0:03:00.800 it's obviously UM it's video. So I use lots of 0:03:01.000 --> 0:03:02.919 graphs and charts and headlines, but I like to call 0:03:02.919 --> 0:03:04.840 the receipts and I show you this. And I've been 0:03:04.840 --> 0:03:08.040 talking about this for years. But you know, really we've 0:03:08.040 --> 0:03:12.800 seen this acceleration of the existing monetary system die um 0:03:12.840 --> 0:03:17.800 just this year in and really where things really sped up, 0:03:17.840 --> 0:03:20.919 in my opinion, were during the trucker protests that were 0:03:20.919 --> 0:03:24.359 happening in Canada. And the reason why things really sped 0:03:24.440 --> 0:03:27.400 up at that point is because of the actions or 0:03:27.440 --> 0:03:30.120 I should say, uh, yeah, the actions that were taken 0:03:30.560 --> 0:03:35.520 by the government of of of Canada against not only 0:03:35.560 --> 0:03:39.280 just the truckers, but anybody who supported them. So they 0:03:39.280 --> 0:03:41.960 went on to do something that was legally protected under 0:03:41.960 --> 0:03:44.840 their constitution. The government didn't like it, and anybody that 0:03:44.960 --> 0:03:51.000 was involved, including anybody who UM supported that, came under 0:03:51.000 --> 0:03:54.680 punishment from the government because the government just arbitrarily decided 0:03:54.720 --> 0:03:57.400 to change the rules. There was no um due process, 0:03:57.440 --> 0:04:00.120 there was no change in the constitution. Um, they just 0:04:00.160 --> 0:04:05.520 went and hit a button and froze people's bank accounts. Mothers, 0:04:05.560 --> 0:04:10.960 single mothers who donated dollars to this had their accounts frozen. 0:04:11.000 --> 0:04:15.280 I think that's where things really really really accelerated. Now again, 0:04:15.320 --> 0:04:17.159 I've been talking about kind of the end of the 0:04:17.200 --> 0:04:19.520 monetary system as we know it for years. We've all 0:04:19.520 --> 0:04:21.720 been talking about you've got the Peter Shifts of the world, 0:04:22.320 --> 0:04:25.200 Mike Maloney's, they've been talking about it for decades, how 0:04:25.240 --> 0:04:27.520 this dollar system that we have today would eventually come 0:04:27.520 --> 0:04:30.000 to an end. And it's not just the dollar system, 0:04:30.040 --> 0:04:32.800 it's the Fiat money system. Now, a lot of you 0:04:32.839 --> 0:04:34.599 may don't know what that means. Let me just explain 0:04:34.640 --> 0:04:39.719 it to you really quick. For all of history, recorded history, 0:04:39.839 --> 0:04:43.679 what we know, we've had commodity money, meaning real things. 0:04:43.720 --> 0:04:46.400 You have to first understand that people don't want money, 0:04:46.720 --> 0:04:48.400 which I know sounds stupid and you're like, come on, Mark, 0:04:48.400 --> 0:04:49.920 what are you talking about. That's ridiculous. Of course we 0:04:49.920 --> 0:04:51.720 want money, We want as much money as we can. No, 0:04:51.880 --> 0:04:56.160 you don't. You want the things that money buys you. Now, 0:04:56.200 --> 0:04:58.240 money can sit there in your bank account or under 0:04:58.240 --> 0:05:01.240 your mattress until your ready to now go get those 0:05:01.279 --> 0:05:03.159 things that you want. But ultimately, you don't want money. 0:05:03.480 --> 0:05:04.960 You want a house, you want a car, you want 0:05:04.960 --> 0:05:07.240 a vacation, you want food, you want to close, etcetera. 0:05:07.320 --> 0:05:09.320 That's what you want. It's the things that money buys you. 0:05:10.680 --> 0:05:13.360 And so we've been talking about uh, well, for all 0:05:13.400 --> 0:05:18.520 of history, money operates as a medium exchange, right, and so, um, 0:05:18.600 --> 0:05:21.240 you didn't want my cow, so how about would you 0:05:21.279 --> 0:05:24.719 take this thing instead? And this thing happened to be 0:05:24.800 --> 0:05:27.760 a thing. It happened to be a rock, or a feather, 0:05:28.000 --> 0:05:30.320 or a seashell or a piece of gold. And for 0:05:30.400 --> 0:05:34.440 about five thousand years gold was money and then gold 0:05:34.560 --> 0:05:36.680 backed currency. So then we kind of got into this 0:05:36.800 --> 0:05:40.480 paper money system. We needed to speed up gold. Gold 0:05:40.480 --> 0:05:42.360 was too slow. It's hard to send gold around, so 0:05:42.400 --> 0:05:44.039 we put a debt instrument on top of it that 0:05:44.080 --> 0:05:46.920 was the paper goal certificate, that was cash um, which 0:05:46.960 --> 0:05:49.960 then turned into checking and credit cards, defic cards, etcetera. 0:05:50.440 --> 0:05:52.919 But what most people don't realize is that as we 0:05:52.960 --> 0:05:56.159 went into that new system really around nineteen, really sooner, 0:05:56.200 --> 0:05:59.159 but the creation of the Federal Reserve happened in thirteen, 0:06:00.720 --> 0:06:03.320 it was still backed by by gold, so there were 0:06:03.320 --> 0:06:05.679 still gold in the banks to back up the paper 0:06:05.680 --> 0:06:08.160 goal stickets that they printed. But that all changed in 0:06:09.400 --> 0:06:13.120 and so we went onto a purely fiat monetary system. 0:06:13.160 --> 0:06:17.440 So a purely um paper system. Fiat means by decree, 0:06:17.640 --> 0:06:20.360 it means you use it because we say so. And 0:06:20.400 --> 0:06:22.920 so we went onto this for about fifty years. Fifty 0:06:22.960 --> 0:06:25.440 one years now we've been in this experiment where we 0:06:25.520 --> 0:06:29.680 have this paper money that's worth nothing, that's not backed 0:06:29.760 --> 0:06:33.120 up by anything. And the problem with that, I mean, 0:06:33.160 --> 0:06:35.440 I could spend hour just talking about that. But the 0:06:35.440 --> 0:06:39.000 problem is that there is no constraints now left on 0:06:39.279 --> 0:06:41.239 the central banks for the people who control the money 0:06:41.320 --> 0:06:44.200 to just print endless amounts of it. And the problem 0:06:44.240 --> 0:06:47.320 is you can't do that because remember, the money is 0:06:47.360 --> 0:06:51.200 worthless by itself. The money just represents the goods. So 0:06:51.240 --> 0:06:55.040 if you increase the money faster than you increase the 0:06:55.080 --> 0:07:01.440 supply of goods, surprise the price you get inflation. You 0:07:01.480 --> 0:07:04.200 take all the money and you're divided by all the goods. 0:07:04.800 --> 0:07:07.359 But if you increase the money, then the price of 0:07:07.400 --> 0:07:09.960 those goods goes up. You have more money chasing limited goods. 0:07:09.960 --> 0:07:12.080 And so at least when we're on a gold standard, 0:07:12.240 --> 0:07:15.920 there was something holding the banks back. They couldn't just 0:07:16.120 --> 0:07:19.760 arbitrarily go print money. They had to go spend money, resources, 0:07:19.800 --> 0:07:21.680 time to go find the land, dig it out, you know, 0:07:21.720 --> 0:07:24.440 dig the gold, alleground, process it, all those things. And 0:07:24.480 --> 0:07:26.440 so for about fifty one years we've been onto this, 0:07:26.480 --> 0:07:29.840 and so for about fifty one years people have been 0:07:29.840 --> 0:07:32.160 saying this is going to end. This will not work. 0:07:32.440 --> 0:07:36.160 You can't do this. You can't arbitrarrily create uh these papers, 0:07:36.240 --> 0:07:39.920 these money claims out of thin air. Let me let 0:07:39.920 --> 0:07:43.120 me put it to you this way. As long as 0:07:43.200 --> 0:07:46.720 there are a group of people who have to exchange 0:07:46.760 --> 0:07:50.120 their time for money, which means you and I were working, 0:07:51.360 --> 0:07:55.040 and there's another group of people who can print unlimited 0:07:55.080 --> 0:07:59.080 amounts of money, that will always lead to slavery. So 0:07:59.440 --> 0:08:02.160 you have to create, you have to trade your labor, 0:08:02.200 --> 0:08:06.840 your time. They print it by pushing a button, and 0:08:06.880 --> 0:08:10.239 they can just steal your labor. You see how that works. 0:08:10.520 --> 0:08:11.840 We always knew it was going to be a problem, 0:08:11.840 --> 0:08:13.880 and so we've been talking about economis. I'm talking about 0:08:13.880 --> 0:08:15.840 it for decades and decades. It's coming to it end 0:08:15.880 --> 0:08:19.200 and it is rapidly approaching. So here we are back 0:08:19.240 --> 0:08:23.480 to Canada and Canada again. Um was able to just 0:08:23.640 --> 0:08:26.280 arbiturely change the rules, no due process of law. That's 0:08:26.280 --> 0:08:28.920 a different subject. We can talk about that politically, that's 0:08:28.960 --> 0:08:32.360 also signaling the end of a system, But financially, it's 0:08:32.360 --> 0:08:34.160 signaled the end of a system because all of a sudden, 0:08:35.000 --> 0:08:37.720 we just were put on notice that the money in 0:08:37.760 --> 0:08:40.559 our bank account isn't actually our money any given time, 0:08:40.600 --> 0:08:44.000 for no reason at all, they could just automatically freeze 0:08:44.000 --> 0:08:46.120 that money. And I think that really put the world 0:08:46.120 --> 0:08:48.120 on notice. It did a couple of other things. One 0:08:48.280 --> 0:08:52.520 it showed their hand. It shows exactly where the central 0:08:52.559 --> 0:08:58.760 powers are going to take things. And two it ruined trust. Now, 0:08:58.760 --> 0:08:59.960 if you're just tuning in and listening to the Mark 0:09:00.080 --> 0:09:02.040 Ma Show, we are talking about the way the world 0:09:02.080 --> 0:09:05.800 is changing through the decentralized revolution. Today we are talking 0:09:05.800 --> 0:09:09.240 about some things that happened this week that both killed 0:09:09.280 --> 0:09:12.640 the existing monetary system and are bringing to life the 0:09:12.679 --> 0:09:15.000 new monetary system. I'll be back with all of that 0:09:15.040 --> 0:09:17.080 and more in a minute. Don't go away, and we're back, 0:09:17.600 --> 0:09:20.080 all right, Welcome back. You are tuned in and listening 0:09:20.080 --> 0:09:23.240 to the Mark Ma Show. We're talking about big things 0:09:23.240 --> 0:09:26.560 that happened this week that one signaled the end of 0:09:26.600 --> 0:09:29.600 the financial system that we have today, and two are 0:09:29.720 --> 0:09:32.320 ushering in the new monetary system. And you need to 0:09:32.360 --> 0:09:34.679 know about this because it is going to affect your 0:09:34.720 --> 0:09:37.400 life in a big, big way. Of course, each and 0:09:37.400 --> 0:09:39.880 every week we talk about the decentralized revolution, the way 0:09:39.920 --> 0:09:42.600 the world is changing, and so we're talking about before 0:09:42.640 --> 0:09:46.439 the break um the Canadian trucker protests, that that was 0:09:46.480 --> 0:09:49.360 one of the big catalysts moving forward. What really happened 0:09:49.360 --> 0:09:51.800 after that, and this is the ultimate catalyst that has 0:09:51.880 --> 0:09:55.400 put the world onto a fast track to killing the 0:09:55.400 --> 0:09:58.200 existing monetary system that we have, and that is the 0:09:58.240 --> 0:10:01.040 outbreak of the Russia Ukraine War. Now, not getting into 0:10:01.080 --> 0:10:04.400 the details of the war, what happened is there's three 0:10:04.400 --> 0:10:07.280 global superpowers. We got the United States, we got China, 0:10:07.360 --> 0:10:10.880 we got Russia. All three of those superpowers have nuclear weapons, 0:10:11.440 --> 0:10:15.439 and one of those three nations had their bank accounts 0:10:15.600 --> 0:10:20.240 frozen and ceased. Yep. So with a push of a button, 0:10:20.360 --> 0:10:22.640 the G seven, the top seven nations in the world, 0:10:22.640 --> 0:10:26.520 decided to just freeze their accounts, similar to what just 0:10:26.600 --> 0:10:31.559 happened in Canada. Now, Canada, that happened to people, right, individuals, uh. 0:10:31.600 --> 0:10:35.240 In the Russia situation, happened to a global superpower with 0:10:35.360 --> 0:10:39.400 nuclear weapons. So if it can happen to individuals in Canada, 0:10:39.480 --> 0:10:41.559 can certainly happen to me and you. If it can 0:10:41.600 --> 0:10:45.560 happen to Russia, it can happen to any other country. 0:10:45.840 --> 0:10:49.240 And every other country caught wind of that, every other 0:10:49.280 --> 0:10:53.920 country realized that, and since then every other country has 0:10:53.960 --> 0:10:57.760 been taking steps to protect themselves from that happening. Now, 0:10:57.920 --> 0:11:00.440 Russia wasn't just holding dollars. As a matter of Russia 0:11:00.480 --> 0:11:03.520 has been de dollarizing, getting rid of dollars for a 0:11:03.559 --> 0:11:06.000 long time. Russia held a bunch of currencies, but it 0:11:06.000 --> 0:11:10.760 didn't matter. It was in the existing financial system, which 0:11:10.800 --> 0:11:13.960 the US government really has the main control over, and 0:11:14.040 --> 0:11:16.360 so it didn't matter what currency they were holding. As 0:11:16.400 --> 0:11:18.480 long as it was in that system, it could be 0:11:18.559 --> 0:11:22.440 taken away. And like I said, every other nation saw that. Now, 0:11:22.640 --> 0:11:26.199 since that happened, in my opinion, that was the final 0:11:26.559 --> 0:11:30.120 death blow to the monetary system that we have today. Now, 0:11:30.440 --> 0:11:32.680 when I say the death blow, you know if you've 0:11:33.160 --> 0:11:35.880 you know, seen some action movie or whatever, and you know, 0:11:35.960 --> 0:11:37.960 the good guy shoots the bad guy or something like that, 0:11:38.000 --> 0:11:40.800 but he keeps like coming or you know an animal, right, 0:11:40.960 --> 0:11:44.000 you shoot it, but it like still comes in attacks. So, uh, 0:11:44.200 --> 0:11:46.840 just because it's received the death blow that will inevitably 0:11:46.960 --> 0:11:49.199 kill it or end it, it doesn't mean that it 0:11:49.240 --> 0:11:51.319 can't keep going for a while. And so that's kind 0:11:51.320 --> 0:11:53.600 of what happened, right, I believe it was the death blow. 0:11:53.679 --> 0:11:56.640 The whole world realized what happened. Since then, we've seen 0:11:56.679 --> 0:12:00.360 other nations taking massive steps to d dollarizing get itself 0:12:00.360 --> 0:12:03.800 out of the system, including China. Remember three superpowers. Now, 0:12:04.080 --> 0:12:06.400 in a game of poker, a game of three card poker, 0:12:06.520 --> 0:12:08.319 my goal is to make sure the other two people 0:12:08.320 --> 0:12:12.240 don't team up against me. That's typically been the role 0:12:12.280 --> 0:12:14.199 of the United States government, which was to make sure 0:12:14.400 --> 0:12:18.680 China and Russia didn't team up against the US, but 0:12:18.800 --> 0:12:22.720 now China and Russia have teamed up. Now I'm gonna 0:12:22.720 --> 0:12:25.480 talk about about that more in a minute, but China 0:12:25.600 --> 0:12:29.400 has now realized that, shoot, if that can happen to Russia, 0:12:29.600 --> 0:12:31.880 it can happen to us, and so we better take 0:12:31.920 --> 0:12:34.200 steps to make sure that we don't get sanctioned the 0:12:34.240 --> 0:12:37.160 same way Russia did. Now is that because they're expecting 0:12:37.200 --> 0:12:39.960 to do something that would cause them to be sanctioned, 0:12:40.200 --> 0:12:42.360 or they just want to make sure they're not sanctioned. 0:12:42.520 --> 0:12:46.680 We don't really know. My guess is it's probably the first. 0:12:47.840 --> 0:12:51.360 But since that time, we've seen other nations taking these steps, 0:12:51.760 --> 0:12:56.800 and Putin has been on his soapbox telling people that 0:12:56.840 --> 0:12:59.319 they need to get their money out of the financial 0:12:59.320 --> 0:13:01.200 system that the US controls, because if it can happen 0:13:01.240 --> 0:13:04.080 to me, it can happen to you. So here is 0:13:04.120 --> 0:13:06.920 a quote I'm going to read directly from Putin that 0:13:06.960 --> 0:13:09.120 he gave in June of two thousand and twenty two, 0:13:09.160 --> 0:13:11.800 just a couple of months ago. He said, quote, caught 0:13:11.880 --> 0:13:16.400 in the inflationary storm. So I'll just pause there. So 0:13:16.440 --> 0:13:20.079 caught the inflationary storm, so, uh, prices going up everywhere. 0:13:20.200 --> 0:13:22.160 You don't have to be. Uh, you understand what I'm 0:13:22.200 --> 0:13:24.640 talking about, right, Uh, it's all over the news. Inflation 0:13:24.679 --> 0:13:26.240 prices are going up like crazy. So caught in this 0:13:26.280 --> 0:13:28.600 inflationary storm where prices are going up so fast, nobody 0:13:28.640 --> 0:13:31.559 can afford it. He says, back to the quote, many 0:13:31.720 --> 0:13:37.079 nations are now asking why would we bother exchanging our 0:13:37.160 --> 0:13:41.679 goods for dollars and euros when they're losing value right 0:13:41.720 --> 0:13:46.600 before our very eyes. So i'mination, Remember, we don't want money. 0:13:46.920 --> 0:13:50.400 What we want is goods and services. Money is not wealth. 0:13:50.720 --> 0:13:53.359 Goods and services their wealth. I say this uh analogy 0:13:53.440 --> 0:13:55.760 quite often. If I was stuck on a deserted island 0:13:55.880 --> 0:13:58.720 and I had a billion dollars of cash, a billion 0:13:58.720 --> 0:14:03.160 dollars of gold, a billion dollars of bitcoin, but I 0:14:03.200 --> 0:14:05.040 had no goods or services. I had no boat to 0:14:05.040 --> 0:14:07.280 get off the island, no phone to get help, no food, 0:14:07.320 --> 0:14:10.480 no water, no clothes, no nothing, none of that. The 0:14:10.520 --> 0:14:13.760 billion dollars of cash, gold, or bitcoin, they're all worthless. 0:14:14.960 --> 0:14:18.720 The goods and services are wealth, not money. Many doesn't 0:14:19.600 --> 0:14:23.400 money measures how much wealth I can acquire. It's not 0:14:23.480 --> 0:14:25.040 wealth itself. Now, if there was a guy on the 0:14:25.080 --> 0:14:28.000 island who uh you know, had some fishing lines and 0:14:28.040 --> 0:14:29.920 he had fishing, he had coconuts, he would be the 0:14:30.000 --> 0:14:34.280 wealthy one. So that's exactly what is happening here. He's saying, 0:14:34.360 --> 0:14:37.800 why bother exchanging goods for dollars and euros when they're 0:14:37.800 --> 0:14:41.320 losing value before of our eyes. So the goods are 0:14:41.400 --> 0:14:45.760 the wealth. So if you're Russia, you have oil, you 0:14:45.800 --> 0:14:48.840 have natural gas. That's goods. That's what the world wants. 0:14:48.840 --> 0:14:51.640 They don't want the money, they need the energy. If 0:14:51.680 --> 0:14:55.360 you're India, you have the rice. If you're Bulgaria, you 0:14:55.400 --> 0:14:59.320 have firewood. If you're Norway, you have electricity. I don't 0:14:59.320 --> 0:15:03.640 want to make this about Russia. Every nation has goods 0:15:03.680 --> 0:15:06.800 that they sell. The more goods they sell into the world, 0:15:06.880 --> 0:15:09.320 the more money comes back to them, the more wealth 0:15:09.400 --> 0:15:13.120 they have. So he's saying, why bother exchanging your goods 0:15:13.440 --> 0:15:16.120 that wheat that you grew, that rice that you grew, 0:15:16.280 --> 0:15:19.760 Why would you give those goods up for dollars or 0:15:19.840 --> 0:15:24.160 euros that are losing value right before our eyes. We 0:15:24.240 --> 0:15:26.040 might as well just keep it in the ground. We'll 0:15:26.120 --> 0:15:29.800 keep our wealth, right, So he says back to him, 0:15:30.000 --> 0:15:35.400 the economy of imaginary wealth is being inevitably replaced by 0:15:35.440 --> 0:15:39.920 the economy of real valuables and hard assets. So what 0:15:40.040 --> 0:15:42.760 is he saying by that the economy of imaginary wealth. 0:15:42.920 --> 0:15:47.360 Imaginary wealth is fiat currency where they push a button 0:15:47.400 --> 0:15:49.480 and create an undimented amount as much as they want. 0:15:49.680 --> 0:15:53.160 That's imaginary. They created it out of thin air. It's 0:15:53.160 --> 0:15:55.720 a figment of their imagination. Now other people will accept it, 0:15:55.800 --> 0:15:57.520 but they're starting to wake up to it. As Putin said, 0:15:57.520 --> 0:16:00.720 why would you do that? The economy of imaginary wealth 0:16:00.800 --> 0:16:05.160 is being inevitably replaced, replaced by what by the economy 0:16:05.280 --> 0:16:09.800 of real valuables and hard assets like wheat and rice 0:16:10.000 --> 0:16:14.640 and natural gas and oil, the things that people really need, copper, nickel, 0:16:15.840 --> 0:16:20.480 real things that people want. That's what has value, all right, 0:16:20.720 --> 0:16:25.200 So that's what he's saying. Now, since that's happened, um 0:16:25.240 --> 0:16:27.440 in the last several months, I mean this this year, 0:16:28.120 --> 0:16:31.520 we're seeing this happen faster and faster, and it's being 0:16:32.040 --> 0:16:35.480 sped up by two things. One nations part of the 0:16:35.480 --> 0:16:38.040 world wanting to move to this get rid of this 0:16:38.120 --> 0:16:41.080 imagining wealth and replace it with real wealth. And at 0:16:41.080 --> 0:16:44.840 the same time, the central banks that produced the imaginary wealth, 0:16:44.880 --> 0:16:48.600 mainly the Federal Reserve which produces dollars and the European 0:16:48.600 --> 0:16:50.720 Central Bank that produces euros that he was talking about. 0:16:51.040 --> 0:16:53.360 Mainly those two banks are doing everything they can to 0:16:53.560 --> 0:16:56.560 destroy their currencies as fast as they can, and the 0:16:56.600 --> 0:16:58.480 other nations of the world are moving as fast as 0:16:58.480 --> 0:17:01.440 they can too, away from the imaginary wealth into the 0:17:01.440 --> 0:17:04.359 economy of real Well, so it's happening at the same time. 0:17:04.640 --> 0:17:08.280 So let's talk about, uh, the end game for the 0:17:08.280 --> 0:17:11.520 Fiat currencies, what the central banks are doing. Let's break 0:17:11.560 --> 0:17:14.920 that down, and then we'll talk about this new system 0:17:14.960 --> 0:17:18.240 that's being set up and what happened this week that 0:17:18.359 --> 0:17:21.439 really shows just how fast this is happening. Um, if 0:17:21.440 --> 0:17:24.080 you're just tuning in right now, uh, you're listening to 0:17:24.119 --> 0:17:26.359 the market my show. We're talking about the decentralized revolution, 0:17:26.400 --> 0:17:29.080 talking about the way the world is changing, and of 0:17:29.080 --> 0:17:31.600 course we look at it through politics, finance, and technology. 0:17:31.600 --> 0:17:35.280 We're talking about the money system, which is both political 0:17:35.320 --> 0:17:37.560 and financial, and then we're gonna talk about the technology 0:17:37.600 --> 0:17:40.760 piece that was introduced this week that is really going 0:17:40.800 --> 0:17:42.720 to change this. If you've missed the beginning, don't worry, 0:17:42.880 --> 0:17:44.399 I got your back. You can check me out on 0:17:44.440 --> 0:17:47.080 the podcast. Just search Market Moss podcast on your on 0:17:47.119 --> 0:17:49.240 your favorite podcast player, or you can watch them on 0:17:49.280 --> 0:17:52.600 YouTube on my Market Disruptors channel not my Main Challenges 0:17:52.640 --> 0:17:55.320 search YouTube Market Disruptors. I'll be back with that and 0:17:55.400 --> 0:17:56.919 more in a minute. You do not want to miss it, 0:17:57.040 --> 0:17:59.919 so don't go away. I'll be right back. All right, 0:18:00.000 --> 0:18:02.160 Welcome back. You are listening to the Markma Show. We're 0:18:02.160 --> 0:18:05.560 talking about the decentralized revolution, the way the world's changing 0:18:05.640 --> 0:18:07.919 right before our very eyes through the lens of politics, finance, 0:18:07.920 --> 0:18:10.240 and technology. Today. We we got a big one and 0:18:10.240 --> 0:18:11.560 I got a lot to cover, so I gotta get 0:18:11.560 --> 0:18:15.080 going through this fast. So we're talking about, um, how 0:18:15.119 --> 0:18:18.680 the central banks, specifically the FED and NCB are destroying 0:18:18.800 --> 0:18:21.040 the money system that we have today and the other 0:18:21.040 --> 0:18:23.640 half of the world is actively building a new monetary 0:18:23.640 --> 0:18:26.640 system at the same time. And then there's a technology 0:18:26.640 --> 0:18:28.680 piece that was introduced this week that changes all of this. 0:18:28.840 --> 0:18:33.119 So um, the imaginary wealth is this fiat money system 0:18:33.119 --> 0:18:35.520 where the central banks just create this money, and so 0:18:35.640 --> 0:18:37.879 we're seeing that die right before our very eyes. The 0:18:37.880 --> 0:18:40.399 central banks are forced to continue to kill it. What 0:18:40.440 --> 0:18:42.480 do I mean by that? Well, because we're in a 0:18:42.560 --> 0:18:46.240 fake imaginary wealth back to Putin's quote, economy of imaginary wealth, 0:18:46.520 --> 0:18:49.960 Fiat money being printed endlessly. We're all off of debt. 0:18:49.960 --> 0:18:52.879 We're in a debt based monetary system. Now, with a 0:18:52.960 --> 0:18:55.960 debt based monetary system, you always have to continue to 0:18:56.160 --> 0:18:59.600 increase it inflate the balloon. If you don't continue to 0:18:59.680 --> 0:19:02.560 inflate it, then it deflates and it dies. That's why 0:19:02.600 --> 0:19:04.600 we keep having correction after correct after correction of the 0:19:04.640 --> 0:19:06.399 central banks have to keep pumping it up, pumping it up, 0:19:06.400 --> 0:19:09.119 pumping it up. The problem that we have today that 0:19:09.160 --> 0:19:11.000 we haven't had in the past is we have this 0:19:11.240 --> 0:19:14.120 massive inflation. So back to kind of Putin's quote where 0:19:14.119 --> 0:19:17.040 he said, caught the inflationary storm, and so we have 0:19:17.040 --> 0:19:19.439 this massive inflation. So how can the central banks continue 0:19:19.480 --> 0:19:22.359 to increase money when we have this high inflation. Remember 0:19:22.400 --> 0:19:25.440 we started at the beginning by saying that you take uh, 0:19:25.480 --> 0:19:28.360 the money which you don't want divided by the goods 0:19:28.359 --> 0:19:30.760 and services. What you do if you increase the money 0:19:30.840 --> 0:19:34.080 without increasing the goods and services, you get massive inflation. 0:19:34.440 --> 0:19:36.760 The problem is is the central banks need to continue 0:19:36.760 --> 0:19:40.960 to inflate the money supply so if they don't, then 0:19:41.000 --> 0:19:44.600 everything falls apart. The banking system drives up. There's no liquidity, 0:19:44.640 --> 0:19:47.120 there's no loans. Now, the loans is how money is created. 0:19:47.160 --> 0:19:49.680 So there's no liquidity, there's no loans, there's no money creation. 0:19:50.119 --> 0:19:54.120 The thing falls apart, all the assets, stocks, bonds, real estate, 0:19:54.119 --> 0:19:56.280 and they all lose value. The whole thing falls apart. 0:19:57.560 --> 0:20:00.240 Or they can can keep it going, keep the ponds going, 0:20:00.359 --> 0:20:03.680 keep the bubble going, but then we have inflation. Now 0:20:03.880 --> 0:20:07.720 I don't have time to really go into all of this. Um, 0:20:09.520 --> 0:20:12.199 let's see what I can cut out here. The problem 0:20:12.280 --> 0:20:14.960 is that the FETE is trying to crush the demand, 0:20:15.080 --> 0:20:17.959 so you stop spending as much. But the problem is 0:20:18.040 --> 0:20:20.760 as they crush demand and as asset prices fall, like 0:20:20.760 --> 0:20:22.960 I said, your stocks, bonds, real estate, et cetera, and 0:20:23.040 --> 0:20:25.879 then people spend less money, there's less revenue going to 0:20:25.920 --> 0:20:29.240 the government from capital gains, taxes and ira A distributions 0:20:29.240 --> 0:20:33.080 and things like that, and then the government has less income. 0:20:33.520 --> 0:20:36.600 If the government has less income, but they're still spending 0:20:36.640 --> 0:20:39.359 the same or in our case, they're spending more. Now 0:20:39.359 --> 0:20:41.600 they want to this whole glean green transition and spend 0:20:41.640 --> 0:20:44.200 trillions of dollars to re you know, revamp the whole 0:20:44.280 --> 0:20:46.600 U S economy. So they want to spend even more 0:20:46.640 --> 0:20:49.320 money than they've ever spent before. And they have tax 0:20:49.359 --> 0:20:51.800 receipts falling, So what does that mean? That means more printing. 0:20:52.640 --> 0:20:54.480 We also have a problem where now the FETE is 0:20:54.760 --> 0:20:57.040 UH and not to just FED, the e c B 0:20:57.119 --> 0:20:59.680 as well, they're rapidly raising rates. Well, the FETE is 0:20:59.680 --> 0:21:04.399 a bank and so um it receives interest on the 0:21:04.440 --> 0:21:07.440 money that's given out, and it pays expenses. So those 0:21:07.480 --> 0:21:09.440