Central Banking, Warnings & Inflation

revolution that's happening in the world. Of course, that's why the world is so crazy, and we really try to look at it from the lens of three perspectives, and that's uh, politics, finance, and technology. Of course, bitcoin is leading that charge with a decentralized revolution. And if you understand the politics, finance, and technology and how the three of those things come together, it helps us understand where we're at today and of course more importantly, where we

are going. That's what everyone's trying to figure out, Uh, myself included. We're at a very uncertain time the world. Probably it seems to be more uncertain than any time in history at least that I can think of. Now. The way that we beat uncertainty is with optionality. So the more options we have, the more prepared we are for whatever may come. That makes sense, obviously, And one of the best ways that we get that optionality is

with money. Money helps us have that optionality. So um, that's one of the reasons why I like to focus on it, so I can make sure that I'm I have options to protect myself, my family, and so much more. And if you tune in each and every week with me, I'll make sure that you are up to date and equipped to handle the uncertainty that is facing us that's ahead.

So if you haven't already, make sure to put a calendar on your phone to join me each and every week on this same time, this same channel, so we can keep you update on what is going on. Now. There's a lot going on each and every week, so I love to get together and kind of explain to what I'm seeing and there's there's big news that happens, although it seems to be the same stories kind of

continuing to roll over. For example, one of the things I've been talking about for like the last you know, eight months or so, is the big the big word, the hottest word being used today, and that is inflation. And of course we talk about inflation, but but the way that we talk about it has changed a lot over time. It went from a matter of fact, I was just looking at this yesterday, the Fed was saying they can't get enough inflation. They can't get it no

matter what they do. Twelves since two thousand twelve, they haven't been able to get their inflation target of two percent. And so if we were talking about inflation back then, it was in a sense that they couldn't get the inflation that they wanted. Now, Um, if any of you are gold bugs or sound money advocates or bitcoin crypto advocates, then you might be asking yourself, um, why is there a target for inflation? Anyway, which is a pretty good

question to have. The Fed targets a two percent inflation, which basically means their target is for you to lose two percent of your wealth every single year. Now, why would they have a target to steal two percent of your wealth every year? That doesn't really sound like a

good target to me. Nevertheless, that is their target. And so like I said, uh, there's some headlines saying we can't get it, we can't get the inflation up into we can't get the inflation that we want, and so the FED said that we're gonna, quote, let it run hot. What does that mean? That means that, uh, well, we can't get to the two percent that we want. So we're just gonna go in guns blazing and we're gonna throw everything, everything in the kitchen sink against the wall.

See what sticks. And we're probably gonna way overshoot the two percent number, um, because we have to do everything that we can think of, and so we'll probably overstood the two percent number. But that's fine. We're gonna let it run hot. We're gonna go higher. We don't care, three four whatever. And they started talking about a blended number. Well, you know, since we've been below two percent for so long, if we get above two percent, that's find it averages out.

And so that's what they did. They let it run hot in their own words, And here we are hot. We're at a high I haven't seen since the about four decades ago, since the eighties, running eight point six per cp I inflation, which is of course is a manipulated number. I talked about that all the time. I'm not going to dig into that but again, we're talking a lot about inflation. Now, why do we talk about inflation when we're talking about the decentralized revolution, we talked

about bitcoin of cryptocurrencies. Well, the big reason why is because all of this, all of these problems that we have. Are we going into recession? Are we going to see stagflation where the markets crash, where the markets go back up? All of that revolves around the central banks, the Federal Reserve controlling the money. If they increase the money supply by lower and interest rates, then we have boom times.

Things are great, businesses booming, your buying equipment, you're expanding your business, you're buying bigger houses, you're getting new cars. Everything's happy, everyone everyone's happy. Everything is good. And when they decide to then restrict or decrease money supply, things go very badly and everything crashes and you lose everything.

And so the reason why we're talking about this specifically is more in the reason as to why why UM is the finance system that we have completely corrupted to the core, not just corrupted from the people that run it, but it's inherently flawed the fact that anybody runs it. UM Why and why A new system that nobody can control would be such a better system. Now, a lot of people don't understand this because they don't understand how

the financial system works. They don't understand how these problems that the central bankers caused by arbitrarily changing the monetary supply whenever they feel like it, UM, they don't understand

how that impacts them. And so a lot of times when you present people with a better solution, how maybe going back to a gold back currency might be a better option, going something to like a decentralized ledger like bitcoin that nobody can control, how that might be a better option, they can't understand that because they don't understand the problems that the existing system is causing in their own lives. And so we spent a lot of time talking about that, and so I want to dig through that.

We want to talk about what's going on with the financial system with inflation. We're gonna talk about what the central bank, what the Federal Reserve UM is saying. I got some audio clips that I'm gonna play for you. M Jerome Pale, head of the Faroer Reserve, was UM testifying before Congress today. I pulled some clips for that. UM. I want to go into somebody that we should be listening to. UM. He is a former head of the New York Federal Reserve, head of the FMOC Federal Open

Market Committee Board, UM previously with Goldman Sachs. I mean, this guy is connected and that we should listen to what he has to say. And I'm going to tell you what he has to say because you should be listening to it. We're gonna talk about some warnings that Ray Dalio has been giving us. Now, Raydalio is one of the one of the richest men in the world, head of one of the head of the largest hedge fund in the world, Bridgewater Capital, and when he talks,

people tend to listen. I tend to listen. So I'm gonna talk about some things that he said. I had some more clips that we're gonna play for you. UM. And then we're gonna talk about the state of the markets that we're in today. UM, what the Fed is, canon can't do, what they will and won't do. UM, talk about the danger in the liquid markets, talk about how that affects the cryptocurrency markets and general markets overall, UM, and so much more. Man I got a lot to cover.

Hopefully we can get through all that today. By the way, you're listening to the Mark Masha, we're talking about the decentralized revolution, talking about how the world is swinging. The pendulum of the world is swinging from centralization to decentralization, and that is leading to this world being so crazy. Of course, is being led by bitcoin and the decentralized technology boom that we have. So um, yeah, let's get

back to it. We're talking about inflation again for the eighth month in a row, but talking about it in a different light, in a different way. And so like I said, first of all, um, the FED, the Federal Reserve, the Central Bank, they're tasked with two main things. It's called a dual mandate. So mandate number one is stable prices. So like when gas doubled, that's not very stable. When

price of real estate doubled, that's not very stable. Um, When every time you go to the grocery store to buy milk and cheese and bread, um, and meat, your bills are more expensive. Every time you go to fill up your gas tank you get less gas in your car, that's not what I would consider stable prices. So if I had to give them a score of, you know, like school. I'd probably give them an F a failing grade on that because the prices are anything but stable. Now.

I guess if you want to look at it on a sliding scale, it's a little bit more stable than Venezuela, but that's a pretty low bar to meat. Um, we're gonna talk about that. We're gonna talk about, Like I said, I have these clips that I want to play directly so you can hear directly from their mouth. Um, some of the some of the questions they were asked from the committee, and we're gonna look at some of the FED insiders what they told us that's coming. I take

them at their word. I listened to what they say and I prepare for it. And I'm gonna tell you what they said, and you better be prepared. I'm gonna listening to the Mark Moa show talking about the decentralized revolution, talking about bitcoin, talking about politics, finance, and technology and how the convergence of those three is changing the world as we know it. And like I said, I got

a lot to cover today, including warnings from Radalio. UM, including warnings from the traditional markets to the crypto markets. And so much more. So good actuable information for you today. I got a lot to cover when I come back in a minute. And don't go away, all right, welcome back. You are listening to the Mark Moa Show talking about bitcoin, the decentralized revolution, and navigating the craziness of this out of control world because of what these bankers have done.

Now we're talking about inflation again for the eighth month in a row, because it's such a hot topic. We're talking about the way that is changing over time. And so I was talking about the narratives that we couldn't get the inflation even in we couldn't get the inflation, let's let it run hot. Let's see what we can do. And here we are way too much inflation. And so now they're like, oh, shoot, it's way too high. What

are we gonna do about it? And um, you know, instead of operating with the precision of a surgeon with a scalpel, they're operating with a hatchet. And so they couldn't get to the two percent number they wanted, and so they said, screw it, let's just throw everything against the wall. Let's just let it run hot, right, and they did. And now we're at eight point six. So

they weigh overshot the goal. As a matter of fact, Uh, they overshot the goal by hundreds of percent um, not not just a little bit, they overshot it by a lot of The goal is to percent. Here we are almost a nine. Yeah, not much precision. So now another knee jerk reaction. Um, shoot, Now it's a problem. Before, the problems before we couldn't get it. Now the problems we have too much and we can't get it back

to two percent. So let's just smash it as low as we can again, and who cares what happens with everybody else in the economy. And unfortunately that's where we're at now. A lot of a lot of people are waiting, hope being that, Um, you know, the feed is gonna pivot the pet, The feed is going to go back into their feed. Put the FETE is going to say, oh, forget the inflation, let's just pump the market back up. But I'm not so sure about this now. I got a couple of clips that I want to play that

I think helps illustrate this. If you want to understand what's going on with inflation, and if you understand what's going on with inflation, then you might understand what the Fete is gonna do. So the first thing, like I said, Jerome Powe was sitting down with the with the committee today, let's play one clip that I have right here, so we can start to understand what they're dealing with, what

they're looking at, and what this means to us. Here we go, inflation is it's just an imbalance of supply and demand. Can we agree on Matt, Yes, generally alright. So that Senator John Kennedy and he is questioning Jerome Powell, and he says, okay, look, you're trying to fight inflation, um, so let's let's let's talk about this. He says that um, inflation meaning prices going up. It's not really a real definition.

I'm not gonna geto that right now. But he says, inflation, prices going up is really imbalance of supply and demand. So look, man, these PhDs at the Fed, they want to make this super complicated. It's not. It's super easy. All prices are derived from supply and demand. Now, there's trillions of reasons why supply and demand could change, but ultimately comes down to supply and demand. So he asked that question, he says, so, all inflation is an imbalance

of supplying demand. So if there's more supply then there is demand, prices come down. That's the imbalance or the imbalance works together way. If there's more demand than there is supply, then prices go up. If there's ten people trying to buy a house, but only one house for sale, ten times the demand one house, the price is gonna go up. It's gonna get bit up. If the opposite was true, the imbalance, to his word, was the other way. There was ten houses for sale but only one buyer,

the price would come down, all right. So that's what he's saying. And Jerome Powell, you heard he says, yes, that's right, all right. So now, um, let's play this next clip here, which I think is pretty talent. So here's what the FED is doing to get their prices stable. Again. Let's check it out here. I got a situation where demands up here, supplies down here. You're trying to mower demand. M hm. So if the if the imbalance is off causing the prices to go higher, then you have two levers.

You can either increase you can you can try to solve the imbalance, right, So in this case, you could increase the supplies, but of course the FED can't do that. So if energy and food are too high, which of course they are, then they could increase the supply of those things. But the FED can't print food and they can't print energy. Um, And so they have the other option, which is to lower the demand, or what's actually called demand destruction. So if they can't add more supply, let's

just take away. Let's just make you broke so that you can't even afford it. Now, I know that sounds pretty drastic, but that's exactly what he just said. As a matter of fact, I got some more clips before we get into that, though, Let's hear from somebody that you should probably be listening to. And so, um, we saw Bill Dudley. Now, Bill Dudley might not be a name that you know, but you probably should because you

want to listen to people who are very influential. So, for example, I've talked in the past about Mark Arney. Most people don't know who Mark Karney is, but you should. He's one of the most influential people in the whole world. I'm not gonna get into Mark Arney right now. But Bill Dudley is also pretty influential. So, like I said, he was former Federal Reserve Bank of New York president.

So all the federal reserve banks, I believe, the New York Bank is probably the most important and most powerful, most influential. So he used to be the president of the ed Reserve Bank of New York. UM. He also was the head of the f O M c UM Committee the Meetings, which sets the policies on this that's also a pretty important position. And he worked at Goldman Sachs. So if you worked at the government and Goldman Sachs, that means you are pretty dang connected. And he says that.

Let's see here. He says, uh, the Fed quote hasn't really accomplished much yet with its efforts to control inflation, and we'll need to tighten financial conditions to push bonnields higher and stock prices lower. This is where it gets good. Quote if financial conditions don't cooperate with the Fed, the Fed's going to have to do more until financial markets do cooperate end quote. So what is he saying there. He's basically saying that the Fed will need to force

stocks lower. We'll have to force it, which is what Senator John Kinney was saying. You can't increase the supply, right, so you're just focusing on the demand side, and Jerome Power replied yes, which is what Bill Dudley says, which is we might need to force stocks to fall. Why would forcing stocks to fall um lower demand? Well, it's

demand destruction is something known as the wealth effect. And so when your stock account goes up, when your retirement account goes up, when your home goes up in value, even though you weren't planning on selling your home most likely, right, it's just your house. You weren't planning on selling it, but it went up in value. You feel wealthy. You see your retirement account go up. You're not planning on cashing that in, not until you retire, but you feel wealthy.

That's the wealth effect. And when I feel more wealthy, I spend more money um, and that creates more demand. When I feel broke, when my house is upside down, underwater, when my retirement account drops to a level that I can't retire in anymore, then I feel broke. Even though I wasn't playing on selling those assets, I still feel broke. And now I'm not spending the money. So now I'm not putting as much gas in my car, I'm not taking those vacations, I'm not going out to dinner multiple

times a week, etcetera. Demand destruction through the wealth effect. Now, like I said, I'm playing to the clips because I want you to hear it from their mouth, not from mine. That's exactly what sends. Senator John Kennedy asked Jerome Powell that he replied to, Now, I got some more warnings coming up from other people you need to listen to, and I got some more clips so you can hear it directly from their mouth. We're gonna walk through this

so you can understand exactly what's going on. I'm gonna listening to the MARKETMA show. We're talking about the decentralized revolution. We're talking about the way the financial system and really the world is changing through politics, finance, and technology, and its being driven by sound money and bitcoin driving this change. And we're looking at it from I guess a microscopic level. Um, I got a whole bunch to cover when I get back,

including some more sound clips. You can hear what they're saying. UM, So don't go way I'll be right back. All right, welcome back. You are listening to the Markma Show. We're talking about the decentralized Revolution. We're talking about how the world is changing driven by the financial markets. The financial markets are changing, and your life is changing. The whole

world is changing because of this. And we're talking about how the Federal Reserve is basically stuck and they're trying to bring inflation down because of course of their dual mandate, one of which is stable prices, and prices aren't stable. They're going through the roof, and so they're trying to bring prices down. But they can only bring prices up down through one of two ways, increasing this supply or taking away the demand. Of course, they're choosing to take

away the demand. I played you a clip of Drome Palette manting so much, and Bill Dudley, former Pedo Reserve Bank of New York president, said the same thing, that they would have to force stocks down, which is exactly what's happening now. Um, we have another warning from somebody that we should all probably be listening to, and that's Ray Dalio, one of the richest been in the world. Out of the largest hedge funds in the world, Bridgewater Capital,

and when he talks, I listen. I just finished reading his book, which was he has a new book out which is amazing, um packed full of charts and graphs. Definitely good, good read. But he says that Radio says, reducing inflation will come at a great cost. So if you want prices to come back down, we can do it. But it's going to come at a great cost. Now what's that great cost? Well, what did Bill Dudley say? The Fed will need to smash stocks lower? So what

does that mean. What's this great cost? Well, that means wiping out your net worth, wiping out your ability to what potentially travel or potentially retire, potentially send your kids to college, or buy your you know, pay for your daughter's wedding. I mean, who knows, right, Um, let's take a look at what he says. He says that the FED is likely to chart a course that leads to stagflation. Now, stagflation, I don't know what you think about that word when

you hear, but it is not a good thing. Now, we haven't seen stagflation in the United States since the seventies, but of course Japan has been dealing with this for quite a while. What is stagflation. It's stagnant economy with inflation, so that means prices continue to go up while economic growth goes down. It's the worst combination. What you would want is economic growth to get better and prices to come down, and that would lead to massive human flourishment.

That would mean that you would have have to work less hours to improve your quality of life. That means that your life gets better over time and not worse. But no, the opposite of that is economic growth goes down. You make less money and things get more expensive at the same time. That has a horrible combination. That's where Japan has been. The United States was there in the seventies, and he says Dahio says, the FED is likely to chart. Of course, that leads us to stagflation. Now, why do

we talk about this again? If you're just tuning in, why don't we talk about this when we're talking about a decentralized revolution, we're talking about sound money, we're talking about things like a coin. The reason why is because this is the problem that the central bankers cause by increasing the money supply and decreasing the money supply. Jerome Powell is crashing the markets, As Dahio says, the FED, the Federal Reserve is charting a course at least stagflation.

How by decreasing the money supply after they had increased the money supply. It's ridiculous to think, when you understand what's going on, that we have a group of people that arbitrarily just increase the money and decrease the money and send us the booms and bus and they cause um, you know, massive destruction in their wake. And that's where we're at. Most people don't understand how that works. Of course, they don't teach you that, and that's why we're breaking

it down for you here. So anyway, he says that they're there, that they're on the course to chart a course to stagflation. I don't want to go into stagflation. You don't want to go into stagflation now that you understand what it is. So why should we have anybody able to chart us a course there? Because I don't want to go there. See what I'm saying. The ridiculousness of having anybody control the money Radialio says, uh he wrote Tuesday on LinkedIn It's naive quote it's naive and

inconsistent with how the economic machine works. So, um, it's naive. He's calling the central bankers a naive, So, I mean, I haven't used that word. That word might be a little nice. I would call them either stupid or I don't know, evil. They either don't know what they're doing or they're doing it intentionally right, And in my opinion, both of those are maybe equally as bad. If they don't know what they're doing, then what the heck are

they doing there in the first place. And if they're doing it intentionally, then what the heck are they doing there right? Either way, So he calls it naive, okay, a little bit nice? Um to think that the feder reserve raising interest rates will quote, will make things good again once it gets inflation under control. So he says, if you think the Fed raising rates to try hard to get inflation under control is going to make things better,

then you're naive and you're inconsistent. You have no idea how the economic system works, which of course is their whole plan. Of course you don't know how the economic system works because the no one taught you that. They specifically withheld that information from you. And any information you did get was completely misleading. For example, teaching you Kinzian economics. Um I. I put out a tweet maybe a week or two ago, I said, the greatest trick the Federal

Reserve ever played was teaching you two things. One that the money supply has to always expand for things to get better, and two that assets like your home going up in value is a good thing. Now, a lot of you people might be listening to that and go, what the heck mark you have? You have no idea what you're talking about. Of course, the money supplies to expand. It might be naive and inconsistent with how economics really works.

That's what Radalio was saying. By them arbitrarily increase the money supply and then decreasing the money supply um to get inflation, that could troll. Is not going to make things better, That's what read I was saying. So take it up with him. He says, Uh, while tightening leads to less consumer spending, duh, Right, you take the money away and then nobody has money to spend um, which

may reduce inflation. It doesn't make things better. So if you take away people's ability to spend I guess it takes I guess it lowers inflations because now no one is buying anything, right, But it doesn't make things better, and as a matter of fact, it makes things worse in a couple of ways. He says, quote it shifts some of the squeezing of people via via inflation to squeezing them via giving them less buying power. So what happens is when prices are going up, Um, they're being

squeezed by inflation. Prices are going up so fast they can't buy enough gas, they can't buy enough food, they can't run their air condition or their heat or when they need to. So you squeeze them that way. But then, um, you squeeze them by giving them less buying power. Now they don't have any money. So what's worse. Things are too expensive, right, just have no money altogether? Right, Either way,

it's a problem now. But also we're starting to see and I believe this is going to continue, is that by them trying to smash the stock price down like Bill Dudley says, or take away the demand like Jerome Powell says, um, they can actually make prices go up even higher, not lower. So for example, they push the demand low. You're broke. Gas prices go up. You can't buy as much gas. Now, you can't commute to work every day, So I'll just quit my job and live

on unemployment. So now there's less people working at that job. Now that employer now has to find more people, he has to pay them more wages. If he has to pay more wages, his cost go up. And now he has to increase the price of his goods and services to pay for that offset. So by um prices going up and then coming out and not buying that product, it pushes the prices up. Supply chain start breaking down,

et cetera. Not enough people working at the refineries to make enough gas, leader unload the ships at the dock, and so that pushes prices up. So they're doing the things to try to bring prices down by destroying demand, but they destroyed demand so much that it actually pushes prices up. It's quite the conundrum there, and and hopefully you start to understand why it's completely insane to think

that we need a group of people managing the money supply. Right, Um, let's play another clip that I have here ready to go, and we'll see what he says here, there's another way that they could do it. This might be a better way, there's another way. The two aren't exclusive. You alluded to that you can also go over demand, but you can increase supply, can you not? And that would solve in place? Yes, it would m M. Who would have thought that maybe

if we had more abundance instead of scarcity. Maybe if instead of UM smashing people's ability to to buy the things they want and live a good life, UM and making a live a life of poverty to fight inflation, how about if we just added more supply. How about if we just went back to a day that didn't seem like that long ago, when we actually had enough

energy that that would be a novel concept. Imagine going to the store and like having all the stuff that you wanted to buy on the shelves like we did so long ago, like a year ago. How about we just give them more supply? But how that can that be done? Of course that's the difficult, difficult part of the equation, right, Well, not really, I'll be back with that and more in a minute. You're listening to the Mark ma Show talking about the Decentralized Revolution, talking about

bitcoin and uh, talking about the federal SERF. I'll be back with that more in a minute. Don't go away, all right, welcome back. You are listening to the Mark ma Show, and we are talking about, of course, the decentralized revolution, talking about the way that bitcoin is changing the world, looking at it through politics, finance, and technology.

And we've been talking about today the ridiculousness of having central planners, or in this case, central bankers, planning for our lives by arbitrarily increasing the money supply and decreasing the money supply at their will. You don't have any

stalever it. There's no vote. They didn't ask you. They didn't ask you if you want your business to prosper and you want to make a bunch of money and you want your retirement accounts to grow, or or they didn't ask you if you'd also like your business to be destroyed and you lose everything, including your retire amounts, right retirement accounts. The didn't ask you that. Don't worry. They didn't ask me either. Um, and so think about the ridiculousness of that. And now I really had first

kind of came onto this. I've told my story before. If you're new to the show. Then maybe you don't know, but you know I had done very well for myself coming uh right into my career. I started buying, investing into real estate, had built up a massive real estate portfolio. I had built several businesses, two of which I had exits on fortune, made a bunch of money, had it all on real estate. Um, I thought I was really smart. I thought it was I thought I thought I had

it all figured out. And in two thousand and eight, the Great Financial Crash came around, and I wasn't at that time. I wasn't studying what the photo Reserve was doing. I wasn't studying the financial markets, and uh, it cost me everything. In the Great Financial Crash two thousand and eight. It wiped out millions of Americans, millions of Americans who had put their life savings into their homes and then they lost them. And uh, you know, I at first

it was obviously as depressing as you might imagine. Um, and then it's just like, well, I guess I gotta figure it out, just dust myself off and get this going again. And that's really when I first started digging in to figure out what exactly went wrong. And when I started digging into exactly what we're wrong, I found

out it's because of this Fiat money system. It's because the photo reserve creates all this money out of thin air, creates all this artificial stimulation and drives markets and asset prices to unsustainable highs. And then even though maybe it's unsustainable, Uh, they don't wait for the inevitable to happen. They just just suck all the money right back out of the economy, crank up the interest rates. They caused complete implosion, caused the crash of the markets. Like I said, millions of

people lost their homes, lost everything. And as I started to study that, I realized that the cure to this would be a type of money that they couldn't print out of thin air, they couldn't create more of And that led me to become a gold bug. Now gold has been money for basically all of recorded history. It's been money for over five thousand years, and gold works really well as money because you can't just arbitrarily go create more If you want to get more gold, there's

a true cost of capital for that. I have to go spend money to go scout land and find some land that may have some gold and have to spend money to get equipment, and have to spend money to get people there. And I have to set up all the mining equipment and mind it and process it. And it's going to cost me real energy, real time, and and my money in order to get that gold. And you know, I don't know where's at today. An ounce,

I can sell it for eight ounces. I make three on that, but I can't just go create the gold from thin air. So there's a true cost of capital. And so that that's the that's the restraint. Now, it's not perfect because the supply of gold is increasing over time every year, but at least it had a restraint, unlike what we saw in the last twenty four months in the United States, where we saw the money supply

increased by all. The dollars in existence today were created in the last couple of years, and they weren't created with a true cost of capital. They weren't created with any sort of energy expenditure, or time commitment or wealth expenditure. They were created, um by the push of a button.

And when you create that much money, it creates all these distortions, which includes people not wanting to work and they'll stay home and just get paid, and then supply chain start breaking down and there's too much demand, so they start buying too many products, and they start taking too many occasions, and on and on and on and so then the supply demand in balances get out of order.

Back to what we started talking about at the beginning, with the Senator John Kennedy explaining that to J. Powell from the FED, and he was agreeing to that. And it's good while it's happening. The problem is is that if you're if you're in construction or you're in some sort of service business, that all this demand increase, you have more work than you've ever had before. So you try to grow to meet that demand. I need to

serve more customers. They want to buy more products, and so you hire more people and you expand your business and you get a bigger building, and you take on more debt to buy new company vehicles and all that stuff, and everything's going great and you're growing, you're growing, and everything's happy, and then the FED decides to crash the

market on you. And now you have all these new buildings and all these all this new staff, and you have all these new vehicles and all these new loans, and now you can't service it, and now potentially your life that you've put into this business, your blood, sweat, your your tears, all the time you sacrificed, everything has been put into that and then potentially you lose it all. You lose it all because some central bankers decided to pull that back out. Now, you know, you didn't have

to grow that fast. You didn't have to expand your business, you didn't have to take on new company vehicles, you didn't have to hire new employees, except for you kind of did because they were increasing the money supply so fast that if you're not growing your business, you're actually falling behind either way. So you're forced to act. You can't just go away, I'm out. I'm not going to play this game. You have to play, because one way or another, the game is being played, whether you're in

it or not. And so you can decide to do nothing and lose of your wealth, lose your purchaseing in power because they increase that monetary supply, or you can play the game and try to grow your business to increase your revenue to offset the loss that you've had from their theft and so you're forced to play either way, but you don't know that the odds are stacked against you because you weren't in that fo MC meeting that the FED had, and neither were I. And as a

matter of fact, they don't even know what they're doing. What do I mean by that, Well, well, generally I don't think they know what they're doing, but even more practically they don't know what they're doing. So the FED said this last meeting, they raised the rates point zero point seven five. They said, uh, we don't think we're gonna raise rates past zero point five. So that's what they said days before the meeting. Now they're not in a habit. Their their goal is not to trick people.

Their goal is to project and let people know what they're gonna do, because the markets don't want to get spooked, so they'y're not trying to trick people. They thought they were going to raise rates by zero point five and days before their meeting they changed their mind. And so my point is they don't even know what they're doing weeks in advance. Um, it makes me think about this quote from Vladimir Lenin. He said, the best way to

destroy the capitalist system. The best way to destroy capitalism was to debouch the currency, destroy the currency. How how do you debout you? How do you destroy the currency? Will you do it? He says? By a continuing process of inflation, governments can confiscate secretly and unobserved an important part of the wealth of their citizens. So um, they increase, then they stole secretly and unobserved of your wealth. By this method, they not only confiscate, but they confiscate arbitrarily.

That's the world I've been using with no rhyme reason, just whenever they want there or whatever. Right, He goes on to say. Here, Um, as inflation proceeds and the real value of the currency fluctuates, the ultimate foundation of capitalism became so utterly disordered as to be almost meaningless. What does it even mean anymore? And the process of wealth getting degenerates into a gamble and a lottery, which sounds kind of like where're at today? Right, Everything is

a gamble a lottery if you want to make money. Um, the days of being okay, making six or eight percent returns in your stock were fully are gone. Most people I see coming across my comments across social media is uh, I need to make in three months. If I can't make, then it's it's it's a loser, right, And everyone's been pushed into becoming a gambler, a degenerate gambler in his words, Um forced to go use risky things like Tera, Luna and Celsius, forced to gamble because if you don't play

that game, you're gonna lose either way. So I'm gonna lose. I guess I might as well gamble, Which is why it's insanity to think that we have a group of people, central planners, centrally planning our money supply. Which is why going back to becoming a gold bug and really becoming a sound money advocate, it brings me back to bitcoin.

There's just no other way without bitcoin. Instead of taking it from some corrupt people and given to some other corrupt people, we use something like bitcoin that nobody can control. That's the whole point. That's what I got for today. Thanks for listening to the Markmas Show. Until next time,