Bitcoin / Capitalism / Communism

the signal in the noise. Of course, we look at the technology being bitcoin, the decentralized technology, this cryptocurrency movement is changing the world, and so we take a look at that. And really, have you ever heard the saying that money makes the world go round? I'm sure you have, And that's exactly what it really is. It's all about the money. Uh. If you watch any of these murder mysteries on TV, these crime series will always be like follow the money, right or you want to follow like

who has motive or incentive? And typically incentives are driven by economics buy money, and so really it's always the money that makes the world around, which is why I like to look at the intersection of the finance and then how the political uh political system works to kind of manage or manipulate or control the financial system. And but then this technology is changing them. And so one of the things that I like to track is the

changing of the monetary system and how that changes. And as the monetary system changes, than the political system changes. Now what changes the monetary system. There's lots of different things that can change it. Um So for example, in Zimbabwe, they've changed their monetary system multiple times because they continue to mismanage it, they continue to manipulate it. So in Zimbabwe, they've ruined their currency I think five times in the last dozen or so years, and it's because they create

too much of it. Inflation. Inflation is increasing the money supply. So they start out with the Zimbabwe dollar pegged one to one to the US dollar, but because print so many of those Zimbabwe dollars that now it's two to one, and then five to one to the US, and then a hundred of one, and then five and then five thousand and one, and then a quadrillion to one, until everyone in the country is a billionaire and it's three fifty billion just for one single egg and it goes

it's our spiry and out of control. It's gradually then suddenly, so first it's one to one, then two to one, then five to one, then ten to one, and it's still not that bad. But then it's a thousand to one, and then a million to one, and then a billion to one, and then a quadrillion to one, and then it's gone right. And so through that mismanagement, that monetary

system changed. And then of course Zimbabwe tries again and they pack again to the dollar one to one, and then it's a quadrillion to one again, and they try again and they fail again, and then they say, okay, we just won't have a monetary system, we'll just use the dollar um. But then after a couple of years, why don't we give it a try again. They try it again, and now they're they went back to one to one with the dollar, and now they're at like five to one to the dollar. So they just can't

seem to learn their lessons. A lot of times it's done through mismanagement, through manipulation, through fraud, or whatever it may be. I think most things, maybe this is my own well, it certainly is my own internal bias. I just believe most people are good, So I think, you know, they probably had good intentions. They need a little bit more money for whatever social program that maybe hey we need to feed the poor, right, or hey, we have this emergency we have to take care of, so let's

just print a little bit more currency. We didn't do it. We didn't do it out of bad reason. We didn't have a good reason. Let's help the poor, and everybody's for feeding the poor, right. But by creating more money, you set this whole chain of events off. And so anyway that's what happens. There's there's ways, but also other

ways that can change. Of course, maybe it starts with good intentions, then it goes into fraud, where now it's like, well, if I print a bunch more money and give it to these types of programs, um, like we're gonna build these schools. But through building these schools, I can put a bunch of that money in my pocket. I can give it to all my buddies who are in the construction industry. Uh, then it starts going into fraud, and of course that's kind of where we're at with the

entire global system. But another way that it changes is through uh political situations. So for example, UM, since most of the world agreed to be on a dollar standard reserve standard of the world, and most of it's been that way. Now a lot of people in the world don't want to be on the dollar standard anymore, like Russia, for example, like China, and so that could change the monetary system, which I want to talk about. And then

there's technology. So money, money's communication. Money communicates value. Money allows me to get the goods and services that I want, and I use money as that medium of exchange to get me that. UM and we haven't really seen any technological upgrades to money. So we see that the way that we get music has changed. I used to need a hundred person orchestra to listen to Beethoven, and then I could get it in a record, and then in a track and then a cassette CD and now it's

just streaming. And so so technology changed the way that we get music. And now it's just streaming and I don't even own CDs anymore, it's just streams off my phone. And it changed books, right, We used to have west to have to go to a library, and now I get any book I want almost probably for free, most of them just online um movies, et cetera. But what

about the money. The money hasn't changed. As a matter of fact, our credit card system that we still use today, our debit card, a c H credit card UH system I believe was created about a hundred years ago, right, I think Diner's card was the very first credit card.

And it's very archaic. It's very kick When you go to the store and you give them your credit card or your debit card, it literally makes a phone call, right, It makes that noise and it and it has to connect and then has to connect with that one bank and has to another bank and does this person have an account and is there money? And it takes all this time and so then maybe it's I don't know, thirty or forty five seconds while you're standing there at

the counter. But then that merchant doesn't typically get the money for then it batches at the end of the day. So at the end of the day, then that whole bat that all the transactions for the day to get batched, and then they run it and they could take three to five days for the merchant to actually get that money. So three to five days for debit cards, credit cards, everyone's a visa so fast that systems a hundred years old and hasn't been upgraded. UM, So technology can change

mon terary systems. Let's talk about a couple of those things. So UM the dollar. The dollar has been the reserve currency of the world four Bretton Woods Agreement. Everyone agreed to use the dollar, UM, but things change, like the Zimbabwe situation I gave. So if you look at the dollar, what happened well nineteen thirteen the creation of the Fellow Reserve and the Fellow Reserve UM started creating paper claims

to gold. But the problem was that by nineteen thirteen and nineteen eighteen and nine and nineteen and nineteen thirty, they printed way too many of these paper gold claims and there wasn't enough gold to back it up. Now time all the goal was in the banks. Because gold is too big and heavy and clunky to move around. It's much easier to use these paper goals certificates. And by ninety three they said, shoot, we owe a bunch of gold, but we don't have gold, and we can't

just create gold from thin air. So let's just take it from everybody and we'll just seize the goal. At sixty one O two Executive Order six two, nineteen thirty three, the US government seized everybody's gold. Then they recapitalized everything. Then they started printing too many goals certificates four put the whole world on this gold system. Um by, I'm sorry. By nineteen seventy one, they had again printed way too many of these paper cal stificates. Sounds sort of like Zimbabwe,

doesn't it. They created way too of these paper cal stificates, and all these countries like France sent their worships over and said, we don't want these paper goalsertificates. Give us the gold. And President Richard Nixon said, nope, you're not getting the gold anymore. We're season year goals. So nineteen thirty three they took the American people's gold. Nineteen seventy one they took the world's gold because they printed too much money, too many paper clalstits. Just like Zimbabwe. It's

not'n familiar. All right, now here we are the dollars still the reserve currency of the world. But fast forwarding something I've been talking about all the time, the decentralized revolution.

The world is decentralizing. So the world has been on a path of centralization, of centralizing, and so you know the U n head and nail things up in the world that coming form, and the World Health Organization right, and the I M F right and all of these treaties NATO right, and so the whole world has been kind of working together globally and we have this global reserve currency. But that's all changing now. The world is decentralizing. Now.

The world is moving into this protectionist era where it's almost every nation out for themselves. And when every nation starts looking out for themselves and to start thinking about their own resources, what resource do I have after protect my resources to protect my security, and I need to protect my money because my money is what gives me the security and allows me to get the resources. And if we're just all on the dollar standard, I don't

have any control there. And Russia found out the hard way, one of three global superpowers with nuclear weapons. They had their bank accounts frozen, just like the truckers in Canada got their bankcount frozen, just like you get your ban account frozen. They got their ban account frozen. Over six hundred million dollars in uh FX reserves were seized. If you're just tuning in, you're listening to the Mark Moa Show. We're talking about the decentralized revolution, the way the money

system is changing. I got a lot more to cover when I come back. Don't go away, We'll be right back, all right. If you're just tuning in, you're listening to the markma Show, we're talking about the way the monetary system is changing and how the whole world is changing because of that. And I was kind of walking you through the history of the monetary system a little bit. If you missed any of that, don't worry. I got your back. You can check me out on the podcast.

Just go to your favorite podcast players your search Mark Moss or on YouTube on the Market Disruptors YouTube channel. You can find me there as well, and you can watch me and listen to me there if you missed any of this. Okay, So moving forward. UM, now we have the situation and where the world is breaking apart. We're in a decentralized revolution, which want to talk about every week, and now each of these nations are kind of moving out on their own. Um. They realize that

the United States and the dollar payment system. I should say the dollar payment network. More than anything. The dollar is a payment network. It's a way to move money around the world almost instantaneously, and it works pretty good. It's archaic, but you know, it still works pretty good, especially for the US government. But if you're on the wrong end of that, like Russia, for example, then you get sanctions and you get your bank accounts seized and frozen.

And if you're not a top three global superpower with nuclear weapons, what chance do you have? And the answer is none. And so the world is starting to break apart. And we saw this week that Russia claims the claims Bank of China in talks to challenge the US reserve currency status. That's a big news, big big news this week.

And we can see that Russian Russian officials want China help in developing an international payment system that would allow Moscow and Basing to undermine the global primacy of the US dollar. Russian Deputy Prime Minister alex Alexander Novak said such work makes it possible to prevent risks and promote the transition of the rouble and Yu want into the status of world reserve currencies in quote, and so what he's saying, is it makes it possible to prevent risks?

What risks? What risks are they using the dollar system? Oh? Oh, the one where they sees all your money? That risk? Oh the other risk where you're not allowed to join it or you get kicked out of it. So any any country that gets sanctioned, like Iran for example, And I'm not saying they're a good country, and I'm not saying that they deserve don't deserve to be sanctioned. That's a different topic for a whole different day. My point is is what risk is he talking about makes it

possible to prevent risk? What risks? The risk of one not being able to freely trade with other countries or two being you know, by not being allowed to use it or being kicked out of it, or to having your money taken. That's a big that's a big risk, wouldn't you agree? And so of course, if Russia doesn't stand a chance, then no other country stands a chance. And so China sits back and watches the story and go, shoot,

we didn't really think about that. Like man, if Russia takes Ukraine and the the world just moves to shut them out of the banking system and take their money. What happens if China over here we want to go take Taiwan, what could happen? Well, we better start, I like to say all the time in business, UM, dig your well before you're thirsty. Don't wait until you're thirsty.

Start digging before you're thirsty. Um. And so maybe China is like, well, shoot, we should probably build up another system before it's our turn to get kicked out like Russia. Like what happened to Russia? And that's exactly what it looks like it's happening to here. It says that they're aligned.

They're aligned in their mutual ambition to degrade Western power. Um. In this regard, the Central Bank of Russia and the Bank of China are working on the possibility of opening accounts for Russian companies in China Chinese companies in Russia and create a payment system without using Swift. Novac said, So, Swift is the monetary system that moves money around the world, and so they want to create an alternative to that.

And of course Russia is kind of I don't know if I want to say, leading the charge in these bricks nations. So it's Brazil Russia, India, China, South America. Of course, now we're seeing Argentina, We're seeing now even Saudi Arabia saying they want to join the bricks, which make up about sixty of the people in the world. So if they set up with this other system, it makes sense that six of the world could move on

to that system. It says. Dozens of foreigns financial institutions joined Moscow's alternative payment system this year year a Russian central bank set in September, but the number is still dwarfed by the thousands entities that rely on swift. So dozens have jumped onto the new alternative that Moscow that

Russia has already set up. But dozens dozens is small compared to thousands, obviously, it says here quote, the US needs to mend its ways, stop politicizing and weaponizing economic trade and side tech issues, and provide a fair, just and non discriminatory business environment for foreign companies, including for those in China, said China and Foreign Minister spokesman Zhao Lejion.

So this is this is a problem and is not a It's not an easy problem to dissect, and we could spend a lot of a lot of time talking about this, but basically you have problems, potential problems like terrorism. Right if a nation is hostile top to the United States, should we allow them to have that money that makes them more hostile? These are these are very tricky issues.

There's no good answers for this. But money should be a tool, and so tools can be used for good and bad, and money should be a tool and it should not be political. Now, I guess if you control the money, then you want to control some of the interests of that. And that's exactly the situation the US is in. The problem is as the United States continues to get more as they can do to weaponize as a dollar more, they're just going to have more and more people wanting to go move to a different system.

And so anyway, that's big, big development and we'll have to see how that how that plays out. Now, we can also see that the war against the dollar um and the dollar payment network always know it as we know it is not dying down. It's only continue to escalate. On top of these additions, these new payment networks being set up. So again they want to replace Swift, which is old technology, but they're probably gonna set up with

another old technology. Remember technology is also what changes things, and so we have that, and so we have the era of the CBDC or the central bank digital currencies there that are coming out and that is a payment upgrade, and we can see that's happening. We see India is rolling out their retail pilot program for a digital roupie,

so that's big. Now we already talked about the Federal Reserve wants to launch a twelve week pilot program UM in partnership with a bunch of other commercial banks to test out their own CBDC here in the United States. But the US isn't alone, right, Almost every country is working on a digital currency. India is working on developing a digital rupee and recently announced the second phase of

its testing, so they're already going. They've already run a successful pilot test program UM at the wholesale level, sort of like what the Central Bank is doing at the whole sale level like at the banks, and now the Reserve Bank of India, the rb I announced it will test the digital route digital route in a retail setting. So the US is testing it with banks, which India already did, and now India is going to roll it

out to retail. According to the RBI, the central bank digital currency is a legal tender issue by a central bank. In digital form, it's the same as fiat currency and it's exchangeable one to one with the van currency, only its form is different. It's digital. So what's happening. The thing is is that as this happens, as people start to change from one monetary system they've always known their whole life into another, then it opens up their minds

to well, what other systems are out there? Right? Once you realize there's a problem with one, well then you start looking at all your available options for something new. If you just tune it in, you're listening to the markmas Show. We're talking about, of course, the decentralized revolution. We're talking about the way the monetary system is changing right before our very eyes. It's not just happening in Russia, China, It's also happening in Europe. I've got a lot more

to cover. Whant to come back? You don't want to miss it, don't go away, I'll be right back, all right, Welcome back. If you just tune in, you're listening to the Mark Moa Show. We're talking about the the decentralized revolution. We're talking about the way the world is breaking apart, and it's really being breaking apart by the monetary system is breaking apart. The dollar homogeney, the dollar world reserve

status is being challenged, lots of challengers. Like I said, when one system that you've always known your whole life, and maybe you've never even thought about it, when it starts to change and you're looking for something new, but then you go look at all your options. You've been driving the same car for five years or ten years, or however long you've been driving your car for. But when you decide that you want to look at a new car, well, you're gonna go look at all your options.

So if I'm gonna leave one financial system that I'm in now, one thing that I've always known to be money, and now money is going to be something different than I want to look at all my options for that now, it says here. Digital currencies are similar to bitcoin and other cryptocurrencies. They exist as virtual banknotes or coins held

in a digital wall. It The difference between a government digital currency and bitcoin is the value of the digital currency is backed or is controlled by the state, so it's just like any fiat currency, so as the rb I, the Reserve Bank of India put it according to them, Unlike cryptocurrencies, a CBDC isn't a commodity or claims on commodities or digital assets. Cryptocurrencies have no issuer. They are not money, certainly not currency as the world has come

to be understood historically. I have a little bit of pushback on that statement. Now, um, they are not money as the world as the word has come to be understood historically. So what is money and what has it been um understood historically? I think most people think about money as you know, the dollars in there in there either their wallets they carry around or most people digital so the money the digits you see in your bank account. So money is typically being used as a medi of

exchange to buy and sell goods. Right, if you want food, or you want an occasion, or you want something else, you're going to use your money in order to get that. Medium of exchange is simple and so in in regards to that, lots of things can be meaning of exchange. So I might exchange my labor might be one thing that I might exchange. Right, Um, so I think. I think as as the words been understood historically money being

a medium exchange. Now it says the first part said that UM a CBDC isn't a commodity or claims on commodities, So gold is considered a commodity. What's the difference, Well, commodity and and all money up until the Fiat era that we started fifty years ago has been commodity money. So commodity is basically typically it's been historically been something that comes from the ground UM that anybody could get anywhere in the world and would be fungible. So UM, I can get a piece of land and I can

mine for gold UM in California or Mexico or China. UM. Anyone can go get the land and can get dig for the gold. And no matter if I get it from China or or Mexico or California, it's still gold. Gold's gold. Same with oil. I can go drill for oil, and California can go drill for gold, and Saudi Arabia can go drill for gold in in in UM, I don't know Venezuela. UM. Whoever gets the land, they can drive for the goal or for the oil. If they get the oil. It's fungible oils oil right, wheat, I

can grow wheat, same thing. And so gold has been a commodity. Now, all money has been commodities. So lots of things have been money throughout history. So rocks and feathers and seashells, et cetera, and those are commodities. Those are natural, right, we can go collect them. Um, there's no central issuer. Nobody creates oil, nobody creates seashells, right, nature, that's natural. Um, So those are commodities. And so all of all of history has been commodities are money. Fiat.

We started the fiat system about fifty years ago, and there's no commodity. They just create this paper closertificate and they just say it's money because it's money. So it's the first money that we've had. So it says here, unlike cryptocurrencies, is CBDC isn't a commodity or claims on commodities. Um, yeah, it's fiat currency. It says here, cryptocurrencies have no issuer, they are not money. Well, out of the approximately twenty two thousand cryptocurrencies of the two and I believe nine

five of them have had an issuer. So it's a company like Ethereum and a group of guys like Metalic Breeder and get together form their theorum found Asian. Uh. They create this software and they create a bunch of token, seventy of them, and then they start selling them off. So Ethereum did have an issuer, and Cardano did have an issuer, and x y z cryptocurrency BnB token had an issuer. So, uh, it's a little bit wrong there. The RBI doesn't quite understand that UM cryptocurrencies, do you

have an issue? Now? Bitcoin doesn't have an issue? Or bitcoin is like a commodity, meaning there is no issue. There was a piece of software that was created and anybody anywhere in the world can get a computer connect to the bitcoin network and couldn't mind bitcoin. Anybody can do it and no matter where you mind for the bitcoin. Just like gold anywhere in the world, one bitcoin is worth one bitcoin. It's fungible. So bitcoin it fits into that UM. But the the part that they're saying here

that they're not money. Cryptocurrencies UM have no issue or they're not money, are not currency, So what's the difference of currency and money? A lot of people if you're Mike Maloney fans, you love to hit on this point right here. Dollars are not money their currency. Only gold is money. JP Morgan's famous statement in front of Congress is that gold is money, nothing else. And that's true.

Gold have been money for five thousand years. But if you look at what he is, it has basically a couple of attributes and won't be a store of value to medium of exchange and three a unimit account, and so store value I would I would park my wealth there and tell I'm ready to use it to exchange for other goods medium exchange, of course we've already talked about that. And then finally the unit of account. How do I measure the value of other things? Well, one

cow is worth thirteen chickens. One cow is worth you know, uh, seven leaders of gasoline, um, you know. And it's really hard to start trying to compare all these things against other things. So we just used one medium exchange and unim account. Call it dollars or whatever country and you can fill in the blank there. But um money or what we what we call money dollars, really they're more currency. Currency is a really good medium exchange, but it's a

horrible store value and and so forth. So anyway, that's a long story to say that the central bank digital currencies are coming. They are not like other cryptocurrencies. Uh, they're not UM certainly not like bitcoin, certainly not that has been open and open source. Everyone can see it and everyone has equal opportunity to mine it and use it, et cetera. Now it says here that the National Payments Corporation of Many It will host a platform for the

digital Rupee payment system. During the testing phase. They're gonna give each commercial bank in the pilot h a rupee enough for fifty users. So we'll see what happens now. Of course they're trying another in other places. We know in Africa, UM, they've been trying to use it, the n r are they call it. Nobody wants to use it, they say, why would I The regular and eras is horrible? Why would I use the E version of it? You haven't fixed any of the problems. The problems are because

you create too much of it. So just like you've destroyed the regular and IRA, why would I use the NAR because it's more convenient? It doesn't make any sense. And I think that that's exactly what's gonna happen. People are just gonna go, look, it's it's exact same thing. I think it's going to push more people into bitcoin because I think once people start using this kind of digital token as money, it starts to kind of legitimize it.

They're gonna go, wait, wait a minute, why does this uh you know, E roupie or n ira or E dollar, Why does it continue to go down in value compared to other goods and services? But this bitcoin over here, whatever this bitcoin thing is, it continues to go up in terms of goods and services. And now that I'm using these token things, and I have all these different options of all these different tokens, why wouldn't I use the one that seems to go up in value more?

And why wouldn't I use the one that I can control instead of having one like in China where they just turn it on and off as they want. It says China's goal is not to make payments more convenient, but to replace cash so we can keep closer tabs on people than it already does. Who wants that? And so when you have when you're moving into this new

monetary system, and you can evaluate these different choices. I think the answer is gonna be pretty clear here, and I think the answer is you're gonna want to use Bitcoin, not the C, B, d C or E currency or whatever it's gonna be. If you're just tuning and you're listening to the Mark Moss Show, we're talking about the decentralized revolution, the way the world is breaking apart, the way the money system is changing um and we're looking

at the signs of this. I got a lot more news to go over this week, including what the ECB, the European Central Bank, just said this week a pretty big deal, and some big shake up in the cryptocurrency market cap from coin based. I got a lot of cover when I come back, don't go away, I'll be right back, all right, Welcome back. You're listening to the

Mark mo Show. We're talking about the decentralized Revolution. We're breaking down some of the news stories and showing you how money as we know it around the world is changing really, really really fast. Now. Some of the things that are happening, of course, like when the United States UH freezes Trucker's bank accounts or I'm sorry in the United States, but in Canada froze Trucker's accounts, or when the US deciety to freeze Russia's account Um, they're kicking

people out of the system. What I like to say is that they're um doing Bitcoin's marketing for them. In the United States specifically, a lot of people still want to know, why do we need things like cryptocurrencies? It makes no sense, Like our dollars work pretty good, and I got PayPal, and I got Venmo and I got cash appen, what do I need all that for now? If you're one of three billion people in the world that live under really harsh authoritarian regimes with double or

triple digit inflation, you don't ask that question. You realize that your money is so ruined that you need any alternative you can get. If you're in Turkey watching your currency lose, you're in Venezuela or Argentina watching your money lose a thousand percent of its purchasing power, you're trying to get out of that as fast as you possibly can.

If you're in North Korea, we're not even allowed to have money, and the government comes to your house regularly searching if you've stashed anything that they can steal from you. You realize why you need it. But if you're the United States, you don't really get it. You know, our inflation is bad, you know, eight and it's not that bad, you know. Um, you know, I'm only losing half my money every eighteen years. I mean, it's not too bad, right.

Think about that. If you put a hundred thousand dollars in the bank and you had a baby, and you put the hundred thousan dollars in the bank for your baby by the time, by the time your baby was eighteen years old, and you want to give them that money, it's only going to buy you about fifty dollars worth of goods and services. But that's not that bad compared to what the other worlds. So the rest of the world has. So people are like, well, what do I

need the money for? But the more that the government's try to crack down on these things, the more they highlight why we need alternatives. Interesting enough, this week I saw this article that the I R S is now requiring PayPal and Venmo to report users earning over six hundred dollars? How dare they? How dare these users use that? What was this? I was looking for? This article? I read this week. I didn't have it prepared. I just thought about it right here here we go. Um, okay,

so this is this is great. I actually have thought about this earlier. So this article comes out here. It says that the I R S now requires PayPal Demo to report users earning over six hundred bucks. The American Rescue Plan Act of one lower the reporting threshold for third party networks process payments. So if you use one of those payment networks and you use six hundred dollars, then the government, uh, the U S. Government wants to come and shine a flashlight up your butt and they

want to know everything about what you're doing. The I R S posted this on the IRIS website titled get ready now to file your federal and come tax returns, and they warned taxpayers that even a single transaction, a single transaction exceeding six hundred dollars, could trigger an audit for you. Wow, a single transaction over six hundred dollars could trigger an audit for you. Now, I don't think they won't, especially if you're on the wrong side of

the aisle from what they want you to be. You know, if you've been you know, saying anything they don't agree with online, or you vote in the opposite political party that has power right now, you could be a target. And if you think I am exaggerating, just go back and look at what happened when Obama was president and how we weaponized the I R S against the Tea Party. All right, So if you think I'm being hyperbolic, just

go look at that. There's history for that. And what we can see here is that this is part of the Biden administrations. Um, this this whole policy they put together and the eighties seven thousand new agents that they've hired as a result of the Inflation Reduction Act, So, um,

they raised a bunch of money. They hired eighty seven new agents to go do what to go do audits And as they say on their own website, if you fail to even report one single transaction of over six hundred dollars, they're gonna come knock on your door now six If you're doing transact six hundred, box like, do you have the money in the time to even deal with an audit? Do you know what that does to

your life? I mean I have friends that have gone through audits where their whole life has been turned upside down six bucks. In the same week, I saw this article here the pen The Pentagon fails. The Pentagon fails it's fifth annual audit in a row, fails its audit. Fifth. You're in the Pentagon. The U S Department of Defense can't even get through an audit, But you with your six hundred dollars are going to be facing one. It says here, the US partner Defense has once again failed

a comprehensive financial audit. The audit is the fifth comprehensive overview the department has completed, and the fifth where auditors were unable to find sufficient record keeping for the d o D to pass off on a clean audit, so that they can't even get through it. No, what does it say here? I was trying to find the numbers here? Oh here, yeah, uh, you know it's only three point seven trillion dollars they can't account for. That's what the

number here? Three point seven trillion, No big deal. Um, you know, we'll just let them slide on that. But you with your six dollars, Oh, we're gonna come after you. You know, you can tell a lot about the status of a nation by how they prosecute crimes. How do they prosecute crimes against the people, and how do they

prosecute crimes against themselves? So what do I mean by that? Well, let's see, if you're Sam Bankman freed and you defrauded millions of Americans out of ten billion dollars, millions of Americans potentially have lost everything, every single penny, probably will be taking their own lives over this, I would guess. Not only are you still walking around free, you're being asked to come speak on the same stage as the Treasury Secretary Janet Yellen, the same stage as Larry Fink.

They had a black raft, the largest asset manager in the world. Not only are you still free, you're being celebrated. When you stole from millions of Americans billions of dollars,

no problem. But if you're you know, somebody else, say like Julian Assan who um shared a piece of information from a reporter which is protected under our laws, you're hunted down and extradited and your put away with no recourse or your um Ross Olbrich, who created an internet website that people bought and sold things on, and some people bought drugs on that website and you're serving four consecutive life sentences for consecutive life sentence because you created

a website that people bought drugs off of. Now I'm not well, I am saying. Yes, I am saying I think drugs should be illegal. I think it's insane that they're illegal. I think the War on drugs is a complete failure. Since nineteen sy once the d A was founded, we spent trillions of dollars on drugs and it's only a bigger problem today than it's ever been. We've made these drug cartels in enormously rich, and now they're so powerful that they're more powerful than some of the militaries

in Mexico and Central America. They have more advanced weaponry and they're creating war zones along the U. S borders. How did they get there? How do they get so much money? Oh, the War on drugs. If drugs were legal, we'd never have that problem. Um. The number one cause of death in the in the US for a believe eighteen to thirty five year olds is fentanyl. Why are people dying to fanyl because they're buying drugs off the street.

Drugs were legal, we wouldn't have that problem. But if you create a website and people bought drugs for life sentences, you still millions of people's money. Wow, we'll celebrate you. And that's exactly what we're talking about here. Six You fail to claim one single transaction of six dollars and these eight seven thousand new agents are coming for you. But if you're the Pentagon and you just misplaced three point five trillion and you failed your fifth audit in

a row, no big deal. And the point that I was trying to make prob went on the long rant is as they continue to squeeze people, more people will be forced to go find other systems. They'll be getting out of the dollar system, just like Russia is, just like India is, just like China is, and other people will as well. They don't want to stay in the central bank digital currency feat money system where they can seize everything. They're gonna go find a new alternative system,

and I believe that's bitcoin. If you're just tune in, you're listening to the Markma Show, we're talking about the decentralized revolution, the way the world is changing, talking about it starting from the change of the monetary system. That's what I got. Thanks for listening,