Bitcoin in El Salvador for One Year - How's it Going?

Some of the latest breaking news, y're up to date, and that is exactly what I want to dig into today each and every week. I mean, things are just happening so fast, so you've gotta stay on top of this. And this week we saw an anniversary, a big anniversary, one that I was super excited to see. I'm talking about the one year anniversary of El Salvador adopting bitcoin as a reserve currency. Now a lot of people listen to this might go, yeah, but mark bitcoins down. You know,

from it's all time high. It's a horrible store of value or medium exchange. And look how farst down on etcetera. You are looking at bitcoin purely for its US d U S dollar valuation um as opposed to an alternative payment system that it really is. You're also trying to look at a new technology by looking at the wrong things. As I've said many many times, the way that you look at a new technology is not the US dollar valuation. You look at it through the growth of the network

and the development that's happening on the network. So like with Uber, for example, people invested into it um You know in Silicon Valley a decade ago, it was not publicly traded. Nobody knew what the price of um Uber was for the first decade. And imagine if you did. Every time they got a new city or got a protest from a city, the price would go up and down. Instead, you looked at the growth. Are they adding more drivers, are they getting more riders, are they getting more app downloads?

And look at the development on the on the network, like now they have Uber Eat they deliver food and things like that. And so you want to look at it not just the newest dollar terms. And so looking at bitcoin being adoption by a nation state is a big development on the network. Maybe the US dollar value doesn't represent that today, but we stuff to look at that. And I want to show you a couple of things

that showed just that. Now, as somebody who's looking to get ahead in life, somebody who wants to invest, who wants who wants to uh work in the right direction. What I'm always looking for is I'm looking for mismatches, a mismatch in the difference between perception and reality. Now, those mismatches are our opportunity. Right, So the you know, the markets are pretty efficient. So you know, we talked about the stock markets. You know, are they pricing in

um you know more rate increases? Are they pricing in these bad things? Because the markets are always trying to figure this out. What we're looking for the opportunity is, why would the market think this thing is actually worth way different, way less, or way more than I think it is. So UM Tesla stock, for example, there's no reason why Tesla stocks should be worth this much. They're worth more than every other car company in the world. Look at the problem. Has the markets value in this

but I think the markets really less. That's my opportunity to short it. For an example, I'm not saying that's the case UM, or we'd look at something opposite. UM. Look at you know, real estate markets getting hammered, the home building stocks are getting completely hammered as well. But I think these homeowner stocks are actually worth way more. I think the markets discounting them and they shouldn't be, So I'm gonna buy homebuilder stocks. So always looking for

that mismatch. And I think there's a mismatch with bitcoin as well. I Um, I put out a tweet and what did I say here? I said, Oh, I said to a Wall Street trader, bitcoin is just another trading toy, but two millions of people living under authoritarian regimes and double digit inflation, it's a life draft. Sooner than later this will flip. So what I'm saying is is that there's a mismatch. Wall Street thinks it's just another risk asset. They trade it just like any other tech stock. But

that's not what it is. So there's a mismatch there. It's actually something different. So to millions of people living under authority aran regimes in North Korea where are not even allowed to have money, it's a life draft. And I think that's gonna play out. Now. Back to El Salvador, so um the one year anniversary, and it hasn't been a smooth route there. The first one. There's a saying that as the pioneers always get some arrows in the back. So the first mover has to deal with all the problems.

They have to deal with, every bump in the road, they have to deal with all the hate. They got to deal with the arrows in the back. And that's kind of what else Salvador has had to deal with, they say. Despite many real stumbles and skeptical mainstream coverage of President Boukeley's bitcoin initiative, both tourism numbers and remittance usage are already showing meaningful payoffs. So let's break that down a minute. Well, I'm gonna break that down a second.

So what's interesting though, is um this month, and it was actually September fifteenth, it marked El Salvador's Independence Day. Just like in the United States we have fourth of July, they have their own independence day on this date. In eighteen twenty one, the UH the Provincial Council of Guatemala proclaimed the independence of the entire region Central America from the Spanish Empire in a document known as the Act

of Independence of Central America. Now what's interesting is we basically saw the same thing happen where this month also marks the one year anniversary of a more recent independent struggle, and that is El Salvador's effort to decouple its economy from the US dollar by using a different currency, by recognizing bitcoin as legal tender. Now uh, it says, in part thanks to a very instability bread by American interventions in the nineteen eighties. So this would be Oliver North

and the Sandinistas and the Iran contra. If you don't know what that is, you might want to go check out as a pretty interesting story. And what we saw is that this led to massive in stability. I'm not gonna dig into that, but basically, um, they they abandoned their own currency, their own paceo, and they started to move on to the dollars. Happened in finalized in the year two thousand and So Al Savadors are kind of been running on the dollar, which is a fairly stable currency. Um,

but they weren't the masters of their own fate. If the US Federal Reserve decided to print more money, then that would mean mean massive inflation for Al Savador. They couldn't control that. Now, it says a sal Savadorian president Bukeley. Um looks like he saw the right on the wall. When he first in between his Bitcoin law, dollar inflation in the the US was barely tacking up the feeder reservice,

saying we can't get it, we can't get enough inflation. Um. And then they finally start getting limit inflations that oh, it's temporary, it's temporary, it's it's transitory. Remember that. But a year later, now that inflation is looking like a more um, intracticable outcome of America's response right to the pandemic. So now at the time it was like it's it's it's not happening, it's not happening. And now it's gotten really, really bad now, Like I said, it hasn't been without

a few bumps and bruises. Like I said, the pioneers got to take the arrows in the back, and so El Salvador has certainly done that. Um. There was you know, technological glitches with rolling out their A T M s, with rolling out their UM their wallets. Right, there's all types of problems with that, as you might expect. Um. I think people were a little bit too harsh on that. Um. The United States arguably the leader of the world and in tech. I mean, look what happened when Obama tried

to roll at the Obamacare website. They spent billions on the on the on the website that all it does is just match you up with an insurance provider, and they couldn't even roll that out. The i r S in the United States, the i r S has been trying to revamp their software for decades. They consistently every single year mess up everybody's tax turns, mail out the wrong ones, etcetera. They've been trying to overhaul. They can't even get that done. So, I mean, come on, cut

out of it or a little bit of slack. They create a whole new financial system. They had a little bit of a little technical glitches. That's okay. But what we're starting to see is the silver lining. We're starting to see actually some of the good stuff that it's done. And I think other nations are going to stand up and take notice of this. I want to talk about that. I want to talk about also some places in the United States and other countries that have already started to

take the same things. So don't go away. I gotta I gotta come back in a second and tell you that you're listening to the Marketma show. Of course, talking about the decentralized revolution, the way the world is changing through the lens of politics, finance, and technology, the technology being bitcoin that we are talking about in El Salvador, but it's also happening in the United States and other nations. Again, the dollar prices a distraction. Look at this. I'll be

back to explain that and more in a minute. Don't go away, I'll be right back. All right, welcome back. You are listening to the Mark Mashue if you're just tuning in. We talked about each and every week, the decentralized revolution, the way the world changes from centralization to decentralization through the lens of politics, finance, and technology, and I guess we're talking about all three. As we was trying to do, I try to find the convergence of

those three. And so we're talking about the politics of a nation like El Savador getting off of their colonial money, off of their US dollar and setting up their own financial system. That's political, it's also financial. They're changing in their financial system, and of course it's technology. It's off

of bitcoin, which is a technological revolution. Now, again, as I've said, there's been plenty of naysayers and granted, there's been plenty of ammunition for these nasairs because there's been lots of bumps in the road, as you would expect. As I said before the break, I mean, the Obamacare Initiative tried to roll out a new website to help you find an entrance provider. They couldn't even get that

done with billions of dollars. And the US is arguably the leader in the world, especially when it comes to technology, and so they did a whole new financial system. They had a couple of bumps in the road. Uh great, uh ammo for the haters. But there's things that we want to look at. So what do we want to look at? What are the good things? Well, we want to look at a couple of things. One, bitcoin's ability to send remittances from abroad. So what do I mean

by that? So, uh, if you're in the United States, you don't get this unless you've traveled the world alive. Most of the world has to send their family, their loved ones somewhere else like America to earn money that hopefully gets sent back to them. El Salvador is no

different than most other countries. About thirty percent of their gross domestic product about thirty percent of all the money that El Salvador received eaves comes from remittances, comes from other people in other parts of the world, mostly the United States, sending money back home. Now, how do they do that, Well, you can do it through Western Union. You can go to the bank, wait in line, pull out cash. Driving your car, go to the bank, wait in line, given um. Or go to the grocery store,

wait in line, give them the cash. Fill out the form for Western Union UM lose you of your money. Then, as bad as that is, that might take an hour out of my time, it's even worse than El Salvador, because now they live in some rural town. They gotta get on a bus. They gotta drive on a bus hours potentially to get to the city where they can now claim that money. Now they got to write hours back on a bus with cash and hopefully don't get robbed, and they've had to lose you know, depends on the

dollar amount, but or more in fees. So they had to waste an entire day, they have the risk of getting robbed, and they've had to give up the money. But with bitcoin, literally I don't have to go to the bank, I don't have to go to go to the store, I have to go to Western Union and I can click a button and they can instantly have money, and they can have it in their bedroom, in their underwear in bed without having to get on a bus

and do any of that. Pretty good, right, And it can be done for free, pretty much free, instead of having to give up and so that has been a big thing. As a matter of fact, it says in May of this year UM almost two percent of remittances to El Salvador, almost a hundred million dollars were sent via bitcoin in the eight months following the Bitcoin long So in the first eight months, almost almost a hundred million dollars about two percent of remittances were sent via bitcoin.

Now I get it, Well, a hundred million does sound like a lot of money. Two percent of the remittances doesn't sound like a lot. I get it. It's small. But you have to understand the way technology and adoption curves work. There's something called an S curve. So anytime there's a new technology, it takes time to be adopted. Um, it took the telephone over eighty years to reach eight percent adoption. Now, why would it take so long to

get a telephone. Telephones are easy. There's no risk in using the telephone, microwaves, washing machines, TVs, color TVs, the Internet. The Internet took decades to get to adoption, so to get two adoption within the first eight months is pretty dang fast. It's pretty dang fast. So it's happening now. Like I said, if you understand adoption curves and human behavior, you'll understand how important that is. Now, what about the

dollar impact. Well, I already explained to you the time, commitment, to risk commitments, all that. But Salvadorians at home and abroad reportedly spend about four hundred million per year just on the fees for the remittances. So if you want to send money back home, about four hundred million goes to Western Union. Doesn't help out Salvador. Doesn't help the

people that need the money. They goes to Western Union. Now, according to the World Bank, remittance fees to El Salvador averaged about three percent in which is low in global terms. I think that's um, I think that's very low. I think that's a little bit lower than reality. Um. You have to understand that most of these have like fixed fees. So if you send ten bucks or twenty bucks, it's a very high percentage. If you send a million bucks, it's a very low percentage, so that that gets skewed.

But the average person is getting remittance fees down there are typically getting little bits of money, a hundred bucks at a time something like that. All right, But um so if there's four hundred million being spent on remittances on fees, even a small reduction in that is wanted, right, And like I said, the bitcoin fees are basically free. You can basically send bitcoin instant and near free using

the Lightning network. Now if you combine, uh, if you even just half the price, let's say that you could just cut the fees in half, which you can cut them way more in half than that. Let's say you just cut them in half. Um, you can see that the Salvadoran saved a bit under four million dollars and remittance fees by transitioning to bitcoin just in the first eight months. So those people that got that money was only two percent, wasn't a lot of them. Um, they

saved four million dollars. Now, if you've ever been to El Salvador, it's one of the it's a very poor nation. It's uh, well below the tile. I looked at it before. I think it was like a hundred and fifty global GDP is very very low. I've been there many times. Uh you've you know, you still still see people getting around on like oxen and carts down there. Um. I love El Salvador, by the way. I've been there many times. I've been there surfing, I've been down there working with

the people in regards to the bitcoin situation. Beautiful place. I recommend you go there. It's just very poor. Um. So for them to be able to save four million dollars and all the time it took, um did not have to ride the bus go to town all that, that is a really big deal. So what I think is that we'll see other nations start to recognize this. Wait a minute, they just saved all this money on Remen's fees. Now that money comes back to our country

and can be spent inside our borders. That sounds pretty good. I think we'll want that, And so that is spreading. As a matter of fact, now we're seeing um, other cities inside the United States and in and and the world now starting to adopt this. Now a lot of people would go to bitcoin or cryptocurrency and say it's never gonna be a money. Uh, it won't be a money unless you can pay your taxes in it. We've heard that one a lot um. Well, now you can.

Colorado residents can now use crypto to pay taxes. As a matter of fact, coloradident residents can now pay state taxes with cryptocurrencies according to the state's payment portal. Now, they have been talking about this for a while, the outline in February, and now it is live and in place, which is a pretty big deal. So and other states have done it. Florida and Ohio are testing this out. And in South America, Argentina and Buenos Ares said that

they're going to allow crypto payment for taxes. So it's coming. There's a mismatch in the market. The US dollar prices down, but nations states are adopting it. States in the United States are adopting it, and that mismatch will catch up in a due time. Now you're listening to the marketma show, we're talking about the decentralized revolution. This is coming. Whether you like it or not, you better get ready for it.

I'm giving you the play by play as we look at it through the lens of politics, finance, and technology. Each and every week it's big the mismatches here. Eventually this will catch up like that tweet that I read you, which is right now. It's being traded like a Wall Street trading toy, but two millions of people living under authority turn regimes. It is a life draft. Anyway, you're

listening to the Market Moa show. I got a whole lot more to cover when I get back, specifically about the inflation and some things that were said this week that makes us all extremists. I'll be back with more in a minute. Don't go away, all right, welcome back. You are listening to the Markma Show. We are talking about the decentralized revolution, the way the world is changing

right before our eyes. And of course we look at the signposts as I like to call them, and we look at it through lends of politics, finance, and technology. And I'm always looking for the intersection of those three things that show us how the world is changing. Now we talked, I talk a lot about all the time

how the world has changed. One system that we have is dying, the centralized system, the centralized system of control through politics, and centralized control system through money, the financial system. It's all dying and we can see us dying all around us. And we can really see it through inflation. Now, even the Central Bank of the United States, the Federal Reserve, was saying, we can't get inflation. We can't get inflation. H Jerome Palace said, we're gonna let it run hot.

We're gonna let it. We're gonna overshoot our target and then we'll um average it out. We'll just we'll just average it out right um. And now then it went to what we're getting inflation. But it's scary. We don't worry. It's it's transitor. It's gonna go away to whole Shoot, it's it's really bad, and we're in a bad situation. Of course, here we are a year later, and it

is really really bad. Um. And it's showing that the system that we have, the financial system that we have today, run by the political system that we have today, is on its way out. They are at the proverbial rock in a hard place. There is nowhere left for them to go. If they don't continue to inflate the monetary system, the whole system falls apart. But if they do contend to inflate the monetary system, then inflation continues to rage on. They're stuck in what is called this proverbial rock on

a hard place. Now, this week, the President of the United States, Joe Biden, was sat down with sixty Minutes to talk about this very situation. And I want to play a clip of what he says. Mr President. Actually, no, last Tuesday, the annual inflation and rate came in at eight point three. The stock market nose dive. People are shocked by their grocery bills. What can you do better and faster? Well, first of all, let's put this in perspective.

Inflation rate month month was just just an inch. So um, I mean to have somebody and mainstream media have to question President Biden about this. Kind of shows how much as his impacting people. He said that people are shocked, they're having trouble paying their bills. What what can you say about that? And President Biden wants to take this and put into perspective, which I always like to do. You always understand, whenever I talk about one thing, I

always want to show you the perspective of it. So he says, let's let's understand this from the right perspective. First of all, First of all, inflation is only up an inch. Now, an inch is not a measurement for inflation, so we don't really know what that means. Of course, I'm guessing President Biden doesn't know what that means either, but only up an inch, he says, that's the perspective. But let's hear the rest of what he has to say here, let's go in hardly at all. You're not

arguing that eight point three is good news. No, I'm not saying this good news. But it was eight point two or eight point two before. I mean, it's not you so uh. He's not trying to say eight point three was good, but it was eight point two or eight point two or eight to improve to eight point two before. Here, I am stumbling, just like the president. Um so uh No, it was actually nine point one and then eight point five and now at eight point three.

So uh. Anyway, he doesn't really understand. But let's get let's let's let's dig into the rest to hear what he really has to say about this. For the perspective shift. Maybe I can make it sound like all of a sudden, my god, it went to eight point two. It's the highest inflation, right, Mr President in forty years. I got that. But guess what we are. We're in a position where for the last several months it hasn't spiked, and it's just barely it's been basically even. So that is the perspective.

It's up to an astronomical level that people can't afford. People can't afford food anymore, as the sixty minute host said, like they're shocked at the grocery store. But let's put it into perspective. We're at a point where it's just barely going up anymore. This barely that's okay. No, it's not okay. People can't afford the prices right now. They're not talking about bringing prices back down. He's saying that the rate of increase has slowed down. He's not saying

anything about, oh, we understand the problems. Oh we're doing things to bring it down. Um. He's like, no, no, it's uh, you know, it's just we're getting to the point where we're just kind of accepting it, right, We're just we're just gonna accept it. I guess that's that's the good news. That's just going up. The one thing that you have to keep in mind too, is that this time last year, inflation was a big problem. I

don't have it up in front of me. I'm guessing, Uh, this time last year it was about five or six percent, which was in saying because we had no inflation for years. So the reason why I bring that up is if we were at five or six percent last year, which was shocking. It was actually I think I have the number right here. I can dig it up real quick. I like to always give you the what I like. I said, I called the receipts, So here we go. All right, Um, so for August of last year, so

that's what we have. The numbers for August, and I was talking about August of last year was five point three percent, which was at the time, was a massive number. That's when they're saying, don't worry, don't worry, it's gonna go back down. Don't worry. It's transitory. Remember that word transitory.

So that was already massive. Now we're a little bit jaded, or we were desensitized, I should say, because now we're at you know, nine point ones, and now five point three sounds easy, but at that time it was insane and people were freaking out. And the reason why I tell you that is because, um, this is a this is a reading year over year, So what does that mean.

That means that from August of only twenty to August of one, inflation went up by five point so we went from you know, uh, we went from a ten dollar steak to a twelve dollar steak or thirteen dollar steak. Now the now, this is again a year over your increase on top of the five point three. So this is compounding. So if it went from August August five point three, then to go from August to August is another eight point three on top of the five point three,

So this is adding. This is cumulative, and Biden doesn't seem to care about that. He seems to be out out to sleep on that, which is probably why, um, he has such a poor approval rating. Now I have people are obviously unhappy when they can't fill up their gas tanks. They can't they can't afford to power their homes. We're starting to see that nowhere where the price of

electricity is getting so high that people can't afford it. Uh. People are obviously unhappy when they can't get the same quality of food that they've been used to getting and all of those things. And that's just you know, people are mostly concerned about themselves. Obviously, we can talk about the rest Ukraine situation, we can talk about the Taiwan situation, we can talk about all these things, but just on

the monetary situation alone, we have a problem. And it's pretty interesting because I have this other clip we've seen, um Biden coming out and trying to what I would what I would say, deflect, right, So they're deflecting. So instead of saying, hey, we get it, this inflation is a problem. Uh, we're gonna do something to fix it. Instead they say, hey, but look over there, look at all these problems. This is our real problem. Over here, Like a couple of weeks ago, Biden gave the speech

with the ominous red background. I'm sure you've seen that by now, with the two Marines sitting there, and he said, the real problem we have is the is the Republicans. The Republicans are extreme US and they're the biggest threat to our democracy right now now. On the last election, Um again, the last election between Trump and Biden, Uh, Trump beat all records for voter turnout. Now to put this into perspective like Biden tried to do. When Obama

ran for president, Obama broke every voting record. He had more people turned out to vote for him than any president history. When Trump, when Trump ran, he broke that record. He had more people turn out and vote for him than any president history. When Trump ran again to compete against Biden, he broke the record again and got even

more people to vote than any president history. Now, somehow Biden beat him barely, And let's just I'm not gonna get into whether that's accurate or not, but let's just say that it is. We know that at least half the people wanted that. But today or extremists, I want to dig into that and show you how this ties back in the financial system and signals the end of the centralization coming to an end. Um you're listening to

the Mark Moa Show. If you're just tuning in, we're talking about the way the world or the pendulum is swinging back from centralization, peak centralization back to decentralization. We look at through the lens of politics, finance, and technology, really the convergence of those three. I got a whole lot to cover when I get back um, a couple of things that you do not want to miss really signals the end. I'll be back with moren a minute. Don't go away, all right, welcome back. You are listening

to the Mark Moa Show. We're talking about the decentralized revolution each and every week, the way the world is changing through politics, finance, and technology. I was talking about before the break, we've been talking about how, um, how inflation is just ripping things apart, and all of these things just signal the end is coming. There's not a lot that we can do about inflation. Um. Like I said, the central banks are at their end of what they

can do. If they stop printing, the system collapses. If they continue to print, then inflation rages on. And so they're stuck between this probably rock and hard place, which is why you have Biden going on sixty minutes and saying but but but it's barely going up anymore. It's just it's just slow. Uh No, it's not. As a matter of fact, like I said, it's compounding. But like I said, this goes on to show why two things. One the approval rating is so low, but to why

they need to control the narrative so hard. And so what we're seeing is as this pendulum reaches maxes out at centralization, the u N, the I m F, the World Economic Form, the World Health Organization, the European Union, the e c B, et cetera. What's happening though, is they need to control the narrative. They need to control

the people. And the more that people are starting to wake up and starting to realize this and started to share their uh, their discomfort or their distaste, that really affects their ability to energy situation, or I should say, control the situation. And so what we're seeing over and over and over is you don't like how much your food or your gas or whatever has gone up, then you're a problem. Oh, you don't like the policies that

I'm put into place. You don't like the fact that I've shut down all the energy and now your energy bills are more expensive. You're part of the problem. You're an extremist. If you don't like what I have to say, you're against the democracy. You're a threat to democracy. First of all, democracy means the will of the people. It's what the people want, and so you should listen to

all the people. And then it's a majority rule. Now, I'm not a fan of democracy because it's a majority rule, and really what it is is the minority, the tyranny of the minority for by the majority. So if ten of us all got together and six or seven of us agreed that you should just give us all your money, that's democracy. But if if there's two or three people out of the ten that don't want to give up their money, they're a threat to the democracy. You see

how that works. Now, the United States is not democracy. Remember if you said the pledge of leadings growing up and to the republic for which it stands, or a representative government. But they keep saying it as a threat to our democracy. Like I was saying, Biden gave this speech with the ominous red background of the Marines back there and saying the maga Republicans are the threat to the democracy. They're a threat their extremists, extremists. Now, as

I was saying, before the break, we saw more. We saw all voting turnout records broken by Trump in this last election. Now Biden edged him out some um. And even if you believe that to be true, then at least says about half and half half the country wants to go with um the Republican viewpoints. I don't even want to say Trump, UM, I'll just come out and say it right here. Uh. I probably would hope that Trump doesn't run again. I think he's probably more of

a distraction than anybody. I do think he wants what's best for the country, but I hope that he doesn't. Hope that he sits this one out. But that being said, about half the country wants that. But he's saying, you're an extremist. If you don't want what they want, you're an extremist. And it's not just the President of States. Let me let me play you this clip I have queued up. This is the White House Press secretary, and

let's hear when she was asked, what is an extremist? Again, we see a majority of Americans who disagree, and so when you are not with where majority of Americans are, then you know that is extreme. That is an extreme way of thinking. So if you're not where the majority is, you're extreme. So what's what's the majority? Fifteent? So a forty nine of the people want something different that's extreme? Is that the case that she's making? Oh, Mark, you're

being crazy? Okay, is it sixty forty? I mean that was her words. The White House Press Secretary Korean Jean brier Uh. He says, if you're not with the majority, you're an extremist. Now, all progress in life comes from not being with the majority. Every single scientist, every single person in the world said man would never fly. But the right brothers, we're out of that consensus. They said, no, we think that man could fly, and they went out and proved that right. We can look at it with gravity,

we can look at it with penicillin. All of these inventions, all of these breakthroughs came because somebody dared go against what the consensus was. For all of history, no one had ever been able to run a mile in less than four minutes. There was against the consensus. It's not done. People thought it was just impossible for a human to run that fast. Then one day someone believed he could, and he did and within that time I don't have it in front of me, but within within a few

short years, like multiple people were breaking it. And now today the four minute miles just considered normal. So all progress comes from believing you can do something that most people think you can't. That's going against the consensus, but that is an extremist. Now, I would like to say that if that's the case, well, per this new poll, Joe Biden's approval is thirty nine percent of Americans approve of President Joe Biden. So does that mean he's the extremist?

Does that mean that the Biden administration, anybody that supports Joe Biden, including the White House Press Secretary, are they now extreme because that's not what the majority wants. Thirty only thirty nine percent to prove. If proved, that means sixty one don't approve he's the extremist. You see how crazy that is. Now it's not just the United States. We're witnessing the end of sensualization. No in in uh, in Iran right now, they've been marching in the streets.

They're streaming death to the dictator, Death to dictator. Why because they I think they killed some woman you know over she wouldn't wear her head dressing um. All over the world, we're seeing this. In Canada, we're seeing this. Uh. What's been trending on Twitter is a hashtag that says Trudeau must go. So lots of people in Canada are not happy with President Trudeau, he is trying to be I mean, I played a clip for you before he basically praised China for being communist. He wished he could

run Canada like the Chinese Communist Party does. He said that he's shown that through what he's done with the pandemic response, what he did with the truckers and so forth. So there's lots of people that don't like him, and so there's viral trends sweeping over Canada. Like I said, all across um Twitter, where people are using the hashtag Trudeau must go. Lots of Canadians that I know personally are using that. But Trudeau he thinks that those people

are are extremists. Anyone who would post that, he says our quote extremists. Now, the hashtag became popular in um in the Canadian media, and Twitter's head of Sight and Integrity reported there was no evidence of substantial bought activity. But Trudeau has come out and said that it must be Russian bots, it must be Russian interference that's doing that. But that's not the case. The post tend to incorporate anything that says, according to to Trudeau, I'm an extremist.

So now because of this Now people are coming out and actually putting their pictures, putting videos on there saying, look, Trudeau says I'm an extremist. Trudeau says I'm not. And they're coming out and saying that over and over and over. But basically what they're saying is anybody who doesn't go along with what we want is an extremist. And this

is a very scary thing. Now. I talk about this because this is the sign of our centralized system dying and the birth of a new decentralized system being born. And we wouldn't have seen it right before our eyes. And what happens is the more the state loses control the nation state, the more they try to squeeze, the more they try to squeeze, the more people push back, the more people push back, the more they try to squeeze. Each force has an equal and opposite reaction and only

forces them to ratchet it up. And the more they ratchet it up, the more they'll actually lose in their grip. That's the way it goes. It's the way we've seen it throughout history. Every authoritarian regime ends up getting more and more restrictive, more and more harsh to the people. Pushed back. They can't deal with anymore, they can't live with anymore. They set up parallel structures, parallel societies. The system collapses and we start over again. That's exactly what's

happening over That makes sense. You're listening to the Markma Show talking about the decentralized revolution, giving you the play by play. That's what I got free today. Thanks so much for listening. Until next time,