Don't Expect to Fall Back on Social Security - podcast episode cover

Don't Expect to Fall Back on Social Security

Feb 10, 202336 min
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Episode description

Have you ever heard "you earned your social security and there's an account with your name on it"? Yeah...don't count on it. There is a growing shortfall of $116 TRILLION over 30 years with the trust fund expected to run dry by 2035. Cool. Mark will go through some possible government solutions but like they say, band-aids don't fix bullet holes.

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Transcript

Speaker 1

Hello, and welcome to another episode of The Mark Moss Show, where we talk about the decentralized revolution. Of course, each and every week talking about how the world changes. The world is always changing, but if what's important to understand is that it's not going back to the way it was before. The world is changing, and so you have to look at history, the long lens of history to

understand where we're coming from and where we're going. That's what we're talking about each and every week, and of course we look at it through the lens of politics, finance, and technology, and the technology being bitcoin and the decentralized technology that is changing the world. And i'd like to bring to you, you know, some educational pieces to help you kind of understand what's going on a little bit

different than what people are shoving down your throat. And we look at the politics, the finance, and the technology. And I want to talk about the technology piece today. Something I've been talking about this last week. Some things

that a lot of people don't know. You know, a lot of times when you hear about bitcoin specifically or cryptocurrency, you know, from a US centric viewpoint, people would like to argue that without really taking into account it's happening in the world, and so a very US centric viewpoint. I listened to a conversation with someone that I like, someone that I kind of respect your viewpoint, Michael Shellenbergers. He's done really good job talking about climate and stuff,

and I agree with him on that. And I listened to him talk with another one of my buddies, pomp Anthony Pompliano, and it was a pretty painful conversation, and Shellenberger is basically, kind, we don't need this. The U in nine States doesn't need this. This is stupid. We shouldn't have this. The US government should protect their US dollar, this and that, blah blah blah blah blah, And all I could just think about the whole time is like,

what a selfish US centric viewpoint to have. So in the United States or Canada or in the western developed world, we're sitting there at the bar having a twenty dollars cocktail and your money works pretty decent. Maybe you don't know why you need an alternative like a bitcoin or

cryptocurrency or something like that. If you're one of the other three billion people that live in a country where that has massively high inflation, double or triple digit inflation, or an authority terror regime that will steal all your money from you. You don't have to wonder why you need something like bitcoin. You don't have to wonder, you already know. So, for example, in Nigeria, their currency is horrible. It loses value so fast. You can't you can't hold it.

You have to buy stuff all the time because it's just losing value so fast. And so in Nigeria they've moved over to bitcoin, and they've been using bitcoin for a while now. The Nigerian government they said, oh, well, people want digital money. That's what they want, So let's come up with a CBDC, and they did, and they came up with their own CBDC called the E Niara. Now the government's like, hey, people, you want a digital money. We knew that because you're using bitcoin, and so here

we're gonna give you digital money. Here's your CBDC, the E Nira. But nobody wants it, nobody uses it. And so what all governments do first they apply the carrot and then they apply the stick. So the carrot was like, hey guys, if you use this edi R, I will give you discounts on your taxi cabs and things like that. But the people were like, why would we use that because it's the exact same problem. It's still losing value. I can't use it that something's going down in value

so fast. So no, we're not going to use it. We already have bitcoin. The Nira is no different. It solves no problem the regular Nira does. And so now the stick comes out, and now the Nigerian government is restricted, I believe all cash transactions or are sorry withdrawals of more than twenty five dollars a day. So if you want money, you can only take it in CBDC. You can only get twenty five dollars a day of cash otherwise. And so the Nigerians don't need to understand why they

need something like bitcoin. They already get it. If you're in South Korea where the government comes and searches your house regularly and steals any money you have, you get it. If you're a woman living in Afghanistan and someone's trying to send you money to help because the women are being so persecuted there in Afghanistan, but you can't get money sent to you because the Taliban steals it from you. You don't have to ask why something like bitcoin is important.

You already get it. And so these viewpoints of why do we need something like a bitcoin or cryptocurrency is a very very US centric viewpoint, and you have to look at the rest of the world. And so I want to give you some more viewpoints. And so I saw this week a news headline that kind of made me think about this, and it's that Strike, a company called Strike has expanded the lightning network powered remittances to

the Philippines. So what does that mean. Well, again, if you're an American or Canadian or Europinian, you maybe don't understand this. But if you live in any of the other parts of the world, typically you send family to a western developed world. So all over Mexico, Central America, El Salvador, Nicaragua, Venezuela, you know, Philippines, etc. You send people to the US to work and then those people,

the families, send you money back. That's called remittances. Now, if I want to send money to somebody overseas, there's not a lot of easy ways to do that. I mean, obviously I can do a wire transfer. What if I want to send them seventy five bucks, sixty bucks, or whatever. So I would have to go to my bank bank, stand in line, I drive there, take me whatever ten minutes. Drive from the bank, another ten fifty minutes, stand in line,

I pull cash. I have to drive over to the wal martyr of the bank, another ten to fifteen minutes, stand in line, fell at the western uniforms and give them the money. So that takes me whatever an hour. Then in El Salvador or the Philippines or wherever they live in this little town, they got to get on a bus, ride a bus for a couple hours and get to the city to get the cash. And they have to ride the bus back with their cash and hopefully they don't get robbed or mug or something like that.

So it takes a day for them and put the massive risk. It's a big problem. And now with bitcoin, I could send them money right now, instantly and for free, like literally from my bed in my pajamas. I can click a button and they'll have it within a fraction of a second on their phone. They don't have to get on a bus, there's no risk, and they can do it for free. Now why for free? Why does

that matter? Well, El Salvador, about thirty percent of their GDP comes from remittances, and the average fee for their remittance is about thirty percent because it's like a flat fee. So it's like twenty bucks a sent on Western Union. But if only if I'm only spending, if I'm only sending fifty bucks, it's a big percentage in the Philippines is The Philippines is one of the world's largest remittance markets.

Thirty five billion dollars. Thirty five billion dollars is being sent back as remittances in that old, clunky, pain in the butt way, very expensive way I've just talked about, all right, because it's using these very old technology, very clunky rails. And Strike is a company that builds on the Bitcoin Lightning network and they've fixed this. They've created a new rail, a new way to do this. And basically what they can do, I can just instantly send dollars.

It uses the Bitcoin Lightning network to send it to the Philippines and then instantly on the other end they can convert it into any currency they want. So the Philippines is now working to do this using Strike and so instead of using the Western Unions and all those things, they just do it over the Bitcoin network, and again they don't have to use bitcoin. What they're using is the Bitcoin network, the rail system. Soily to send money, you'd have to do it through the Swift system. That's

how money gets sent through Swift. This sends it across not Swift, but instead the Bitcoin network. All right, that's how it's doing cross border. Typically, like I said, it's not cheap or fast to do a cross border, but using bitcoin Lightning you can do this. And this Lightning network has been growing massively. As a matter of fact, there's over sixteen thousand nodes, seventy six thousand channels, and about one hundred and twenty two million dollars of liquidity

locked up inside this right now. And the Strike app. You can download the Strike app and you can convert your dollars into the bitcoin and then sends across the Lighting network and then in the recipients country, it delivers to do them in whatever they want. So in the Philippines they use a company called pouch dot pH and it converts that bitcoin into local fiat currency and then forwards the money through the recipients bank or mobile account.

So the important piece to understand is that you don't have to understand that it uses the Bitcoin network. You don't have to know that, just like you don't know how my voice is coming across your speakers right now. You don't have to know how it works. And that's the beauty of this. And so this is how it's working. Now.

People in the Philippines or Nigeria or Kenya or else I would or can receive money instantly and for free in whatever currency they want, in the dollar, in the paso, and they don't have to know that it's going over the Bitcoin network. They don't have to know that it's a new payment rail. And so this is changing lives. It's saving lots of money, thirty five billion dollars it's being spent, and a large part of that is being taken up by fees. And so bitcoin is saving that.

Bitcoin is fixing that. Bitcoin is not old and slow and clunky. It's the fastest and cheapest way to send value across the world instantly, and the Philippines and lots of other countries are now benefiting from them. If you're just tuning in, you're listening to the Mark Moas Show. I'm running through some of the biggest headlines of the week as we document and discuss how the world is changing through the decentralized revolution, and we look at through

the lens of politics, finance, and technology. Now, there's lots of other big headlines that happened this week that I want to talk about that you need to know about if you want to stay in formed, that if you want to see how the world is changing, where we're going. So, I got a lot more to cover when I come back. You don't want to miss it, don't go away. I'm gonna be right back. All right, Welcome back. If you are just tuning in, you're listening to the Mark Mass Show.

We're talking about the decentralized revolution that we talk about each and every week, as the world is decentralizing, as we look at it through the lens of politics, of finance, and technology, and we're talking about some of the biggest breaking news headlines. One thing I saw this week that kind of caught my eye that was kind of interesting is from the Washington Post the wappo. Their slogan is that democracy dies in darkness, which is sort of rich.

They're killing the democracy by lying to us and surpassing the truth. I talked about earlier in a previous segment. If you missed it, you can catch me on the podcast. Just search Mark Moss The Mark Mos Show in your favorite podcast player, or you can always watch these and listen to me on my YouTube channel called Market Disruptors. Check that out as well. I talked about how they're using disinformation and they're always doing the opposite of what

they say. So the Wappa Washington Post is saying that democracy dies in darkness, but they're the ones creating darkness. Interesting, but anyway, I don't want to go into that tangent, but they put up this article that I thought was pretty interesting. We're talking about the doomsday clock. You ever heard of that the doomsday clock hits ninety seconds to midnight its most dire prediction ever. They say ninety seconds

away from midnight, whatever that means. But this is according to the doomsday clock, and basically what it is is a it's like a symbolic hour that kind of counts down this apocalypse. And the people who run the clock are mostly saying that it's because of what's happening in the Russia War with Ukraine, which I would agree. In the Russia War with Ukraine, the danger is because of the potential use of nuclear weapons. And this is a big problem, and it's something that I'm concerned about it.

And I'm somebody who grew up under the Cold War. You know, as I was a kid, we still had the Cold War with Russia, you know, the East and West Berlin Wall. But maybe I was too young to realize. But I don't remember then, you know, maybe in the early days after World War Two, but I remember then they're ever really being a threat of nuclear war. We were never close to war. But here we are in war. Make no mistake. The United States is at war with Russia. Period.

Now it's happening in Ukraine. That's where the battleground is, and it's most of the Ukrainian forces. But the US is giving all the weapons and the money. And the US isn't just giving the weapons, the weapons systems that were given the Ukrainians. The Ukrainians don't know how to use. Our systems are so advanced they some of these take sixty eighty people just to run the weapon. Ukrainians haven't been trained on that. So make no mistake, the US

is there, and of course Russia knows this. You may not agree, but Russia does and they said, hey, we see that you're at war with us, and what are the whole point of nuclear weapons so you don't lose? And ultimately they're supposed to be a deterrence, like, hey, don't mess with me, I won't mess with you. We both have we both have nuclear weapons. It's like the Mexican standoff right where you see like two guys pointing guns at each other, like neither one wants to fire

because it's mutually assured destruction. We're both going to die. We both have guns pointed at each other, so let's just decide to not kill each other, right, And that's where that's that's why nuclear weapons actually brought peace. Because of that, we know that, tay, we're not going to bomb you and you're not gonna bomb us, otherwise we all die. Sounds pretty reasonable, except for now we seem to have forgotten that and the US is now pushing

to the point. You know, Russia drew this red line, Hey, don't cross this line and we'll be okay, and then we did the saying don't cross this line, and we did. Now they said, don't give them weapons, or we recognize that you're in the war with us. And then we did, and we're pushing nuclear war. And that's why this this doomsday clock is saying that we're potentially going into this now. This clock's movement is heading towards catastrophe, that's what it's saying.

The time had been set at one hundred seconds away from midnight since twenty twenty, but there's bulletin of atomic scientists that use this clock are now saying that we are getting very close to this. And I want to point out the obvious here. All right, Joe Biden, the Biden administration, and the neo cons that run the government are the ones pushing this. They are literally putting everybody

in the world's lives in danger. Your life is in danger, My life is in danger, My kids' lives are in danger. People in Mexico, people in parts of Europe, people in Central America, people in China, even their lives are at danger because if a nuclear war goes off, it affects everybody. And the point that I want to make out is that Joe Biden, the Bide administration, the neo cons, whatever you want to call them, they a small group of people are deciding to put the entire world's lives at

risk over what? Over? Who controls crimea? Do you even know where CRIMEA is? Why do you care who controls Crimeia? Why do you want to put your kids, your grandkids, your future generations that aren't even born yet. Why do you want to put third lives of risks? Who are they? Who are they to have the authority to put my life at risk over what? Over crimeia? I mean, come on, the insanity of this? And this is what this doomsday clock is saying because they realize that we are getting

closer and closer and closer to this atomic war. Now, why did the doomsday clock move closer to midnight? Well, because what we're conveying with the clock move is this is this quote or conveyed with the clock move is things are not going in the right direction, and they haven't been going in the right direction, so we're always thinking about directionality, right, and so we are headed for disaster and the rhetoric that's continuing to grow is continuing

to only antagonize and continue to escalate. The way you escalation works is that it owns the ends, either one when both sides agree to end it, or two so peaceably, or two ultimately the final moves made. So I say something mean to you. You push me, you threaten me, I push you, you punch me. I get a knife, you get a gun. Right, that's how escalation works until maybe somebody steps in with a cool head says, hang on, hang on, hang on, guys, do you really mean this?

Can we talk it out sort of a thing and we see that. You know, the Russia and Ukraine have tried to have peace many times. The US doesn't want peace. The neo cons want war and for what for who controls Crimea? Of course not. So you have to ask yourself this, ask yourself this one, Like I said, the insanity, the absurdity that these group of people have the right to put our lives in danger over what over? Over was?

So again, it's not about Crimea. What is it about? Well, they might, they're gonna tell you, well, because Russia won't stop with Crimea, Russia won't stop with Ukraine. If we don't stop them, and you crane, they're going to take over the whole world. Really, if they try to come onto us soil. I think we can defend that pretty well. I think we can defend that pretty well. So what is it really about That's the question that you have to ask yourself. The battle is over globalism and the

world that coming for them. They met last week and they talked about the biggest threat we have is this deglobalization and what can they do to stop this? And stopping Russia is the path to stopping deglobalization. That's what they want, but they can't stop it. It's happening and we're talking about it each and every week now. Of course, I hope and I pray that this de escalates. I hope and I pray that they walk this back, that they find peace, because I don't want my life in jeopardy.

I don't want your kids' lives in jeopardy. And hopefully cooler heads will prevail. Hopefully you will take this information and go discuss it with your friends and your family and your co workers, and hopefully we can the conscious discussion to pick up enough where they can hear this and think about how absurd this is. And whatever motives that they have, however wrong, are skewed they are they can figure out that, look, this is not what the

people want. Our motives are wrong. We don't have the right to put everybody's lives in jeopardy. Now, fix the money, fix the world. If they didn't have a money printer, we would never be in the situation in the first place. That's a whole other story. If you're just doing it. You're listening to the Mark Moas Show. We're talking about the decentralized Revolution, and we're talking about how globalism is ending,

and that's what this war is all about. I got a whole lot more news stories to cover when I come back in a minute, so don't go away. I'm gonna be right back, all right, Welcome back. You are listening to the Mark Moss Show. We're talking about, of course, each and every week, the decentralized Revolution, talking about the way the world is changing, because it is changing fast.

And I'm bringing to you some of the latest breaking news headlines that I've seen this week that kind of illustrate where this is going and more importantly, kind of help us navigate this and position ourselves better for the future. You know, one of the big things that has been going on over the last couple of weeks, and I've seen really escalate this this week, was the talks in the United States about the debt limit, the debt ceiling.

And you know, I mean, it's the stupidest argument, stupidest conversation. It just continues to come back over and over and over again. The government pretends like, we've hit the debt limit and we have to raise the debt limit if we want to continue to fund the government. And then you get this rhetoric from Biden comes out and says that the government's gonna shut down. The government will default on the debt if we don't raise the debt ceiling.

That's what they say. Obviously, we've kind of got this a little bit of a Republican majority there in the Senate and they kind of controlled purse strings. And so there was a conference I watched some of and it was with Ted Cruz and Rand Paul and a couple other people from the JUPEAT and they are basically saying, look, this is like the stupidest rhetoric because the government will not default on its debt. This is not going to happen. The government has more and enough tax revenue to pay

for the interest on the debt. So there's just there's no way that there's a default unless they decide to take the money they have, which is more than enough to cover the interest and not pay it and instead spend it somewhere else. So that would be like, for example, your house payment is one thousand dollars a month and you make two thousand dollars a month, so you make

more than enough to pay for your house payment. But you could decide not to pay your house payment, and you could decide to quantification and do all these other things by clothes and by the fancy dinners and not pay it, and then you could default. And that's basically the situation the US government's in. We have enough revenue to pay the interest. That's what Rampaul and Ted Crews are saying. There's no to even mention. The word default is just ludicrous unless you decide to not pay it.

And that's why this rhetoric of the Bide administration is so dangerous and scary. However, this is where we're at, and so we always talk about this debt ceiling. Basically, what it comes down to is we don't have an enough money to buy whatever we want and pay for what we have to pay for. Just like if you have to pay your house payment, you can't just go on a super exclusive expensive trip to a Fiji. If you got to make your house payment, you don't have

enough money. And so that's kind of where we're app One of the things that I've seen them talking about this week specifically was what's happening with entitlements. And so we have things that have to be paid, and then we have things that we want to pay. So one are the things that we want to pay, Well, that's these hundreds of billions of dollars they spend on stupid policies, like giving money to Afghanistan so they could study transgenderism

for example. We don't need to spend that money that's not needed. But some things we do have to spend, for example, social security and medicaid, we are supposed to pay that. And so there's been this talk of social security on the brink of collapse and potentially having reform with that in order to avoid this debt ceiling debate. And so that is what I want to talk about. I saw this article talking about this specifically and how sociecurity is on the brink of collapse. Now this shouldn't

surprise you. We've been talking about so security running out of money and collapsing at least since two thousand that I'm aware of, at least for the last twenty plus years. We've been talking about it, so shouldn't catch you a surprise. But the problem is that Social Security is a Ponzi scheme, and I mean that literally. So what most people think is that they have an account with so Security that you've paid into your whole career, and you deserve to

get that money back out. But that's not how Social Security works. Social Security is literally a Ponzi scheme. What that means is the money you're paying in today is for somebody else to withdraw today. The money they paid into earlier in their career was for the people that had retired before them. And Ponzi schemes work as long as you continually get more and more people in on the scheme. But when they get less people in, then they have to pay out. The Ponzi scheme falls apart.

Asked Bernie made Off, And that's exactly the problem that we're in. In nineteen fifty there were sixteen workers for every one person pulling money out. Perfect that's a great Ponzi scheme. But in twenty thirty five that ratio goes to only two workers per retiree. That's the problem with a Ponzi. We went from sixteen to one to two to one, and that's a problem. But it gets even

worse than that. There's lots of reasons. I'm not going to get into a whole lot of it, but other reasons, like, for example, people live a lot longer when they started SO security. I think the average life expectancy, I didn't look it up, but I think it was, you know, sixty five years something like that. Today it's like eighty. So not only do we have less people pay, but now we have to pay them for a lot longer time and it's way more expensive, not just because of inflation,

but because of Medicare and things like that. And so how do we deal with that? Now? I'm not meaning to scare you, but I want you to know what's potentially coming down the pipe. And while you know these negotiating the debt is mandatory, we have to do it. You have to be aware at unfortunately renegotiating some of these things, it's gonna have to happen. I'll just be blunt here. If you're depending on SO Security to live, you need to find another option. Let me just tell

you that you're gonna need to find another option. Social Security is not going to save you. Depending on how old you are there, you're either going to get much less money than you hope or expect, or you're going to get none at all. Now, for Social Security alone, let's let's take out so security, for medicare, for soci security alone, when the trust fund dries out, what happens, Well, they would have to raise payroll taxes. Payroll taxes are

what pays into Social Security. They would probably have to increase those taxes by twenty five percent right off the bat, Well, what is it? What? Okay? Then what happens? Right, so we can kind of keeping okay, So they run out of pay they run out of security, So then they have to pay payroll taxes by twenty five percent. Well, then what happens, Well, a lot of businesses can't afford that, so they got a business. Well, then what happens, Well,

then the economy suffers, the unemployment right rises. Well, then what happens, Well, another business started server because it's not enough customers. And then what happens, Well, then the country goes into a great depression. And then what happened? Right, they think about that. Now, for the business that don't go out of business, what do they do, Well, they raise their prices to offset that. So then what happens, Well, then we have to pay way more money for all

the goods and servers that were used to paint. Well, then what happens, Well, then we have to give up on other things. Well, then what happens, Well, the quality of our life declines. All right, So at a minimum, that's going to happen now, Like I said, we've been talking about raising the dead ceilings since at least two thousand and experts were warning that socialecurity would run out

by twenty thirty seven. And it's gonna be painful. Like I said, at a minimum, they're gonna have to cut benefits, and a maximum they're gonna have to raise taxes. There are probably some combination of that, but today it's gotten worse, Like this is accelerating and now they're expecting to run out of funds by twenty thirty five. So that's uh, you know, twelve years, So I'm not expected to even

get them for a twelve years. So by the time I'm affect to get them, there probably won't be anything left. But you need to know when this is gonna hit. So by twenty thirty five, there's this taking time bomb. And like I said, lots of perfect storms have happened longer. Life expectancies is obviously a big one. But the big one is because it's a Ponzi scheme. The ratio is below three to one when it used to be sixteen to one when they first calculated this, and then you

just continue to add on to it. So like, for example, basically every politician comes into power by basically buying votes, right, they do that by expanding benefits. No one will ever be elected by saying they're going to take away a bunch of benefits, so each one has to give more than the one before them. And all this continues to do is to escalate this until we actually have a big crisis on their hands. And I get it. Like the main argument that I hear is that it's not fair.

Retirees deserve fair, fair, fair, fair equity, equity, they deserve fair treatment, and I agree, But the problem is the facts in the law are not on that side. As a matter of fact, the Supreme Court ruled in nineteen sixty that workers do not have illegally binding right to SoC security benefits. So just know that there's a big risk and if you're planing on so security to save you, you're better make another plan. If you're just tuning in,

you're listening to the markmas Show. We're talking about some of the latest breaking news headlines this week as we navigate the decentralized revolution, as we navigate this world changing as we look at it through the lens of politics, finance, and technology, and of course technologies will changes in the world,

but this is more about politics and finance. The politicians are making rules and more importantly, making promises that they can't keep because the economics, the finances don't keep up with it, and it's going to create massive change socially, politically, and of course we have technologically. I have more news headlines to talk about when I come back. You don't want to miss this. You want to be well informed, because if you're not well informed, you're going to fall behind.

So I'll be back with more in a minute. Don't go away, We're right back, all right, Welcome back. If you're just tuning in, you are listening to the Mark Masha We're talking about the decentralized Revolution, navigating the world changing as it goes from sensualization to decentralization. And you know,

I want to talk about this transition. And what happens is sort of like the law of physics is each force is equal and opposite reaction, right, And so what happens is that I talked about this a few weeks ago.

As things continue to degrade, as unfortunately we get more and more corruption inside politics and government, the more people are outraged by it, which of course they should be, and the more they start to speak out, the more disgruntled they become, the more protests happen things like that, and the government then has to squeeze even harder or restrict even harder to try to hang on to any power.

But then the more that they squeeze to hang onto power, the more upset and disgrunt how people get, and the more they speak out, and then the more the politicians the governments have to squeeze. And it's just like this constant escalation and squeeze more, pushback more. So then squeeze more to them, pushback more, and squeeze more, pushback more. And that's exactly what's happening. And this is the volatility

at the top before this blows off. I saw this week European official warns Elon Musk that the era of wild West for free speech is over. There will be sanctions. Quote that's a threat. So what does this European officials say and who are they? Well, the wild West for free speech is over. So break that down. So free speech is over because they are so corrupt. They are pushing things we don't want and they cannot allow us to communicate that that we don't like, that, that we

don't want that. There's a better way. They can't handle that. They do not want free speech. This is her quote. The free speech era is over. That's the quote. Let's break this down. Europe is pushing now new legislation that will force online platforms like Twitter to remove disinformation. Okay, so remember I've been talking about disinformation is the single largest issue supposedly pro the WILLO come in forms the single biggest issue that we have now I broke down

in a previous segment. If you missed it, check out on the podcast just served the Mark Maas Show. The previous segment, I was talking about how all the disinformation is actually coming from the mainstream media and from the inner workings of the government. Ron Paul wrote a piece this week so that the real disinformation was the Russia disinformation hoax, which came from something called Hamilton's sixty eight, which Twitter has now exposed was a completely fraudulent operation

set up to feed misinformation and disinformation. It all came from them to purposely create distrust. So they're the ones pushing the disinformation. But supposedly, now this lawmaker saying that now you're passing legislation to forced online platforms to remove disinformation, Well that would be great because then Twitter would have removed all the disinformation that the FBI and CNN put out.

But that's not what they want. So European politician Vera Jerrova warned the Elon Musk from the World Economic Form and Davos that Twitter, not Facebook, not YouTube because they play play ball. But Twitter will face sanctions if it doesn't shut down some forms of speech. It can't have free speech. Free speech is too dangerous. We can't allow you to say things that are against our narrative because we have to control an indoctrinate to you. That's what

they say, Jerova said. Quote. So after mister Musk took over Twitter with his freedom of speech absolutism. We are the protectors of freedom of speech as well, but at the same time, we cannot accept, for instance, illegal content online and so on. So our message was clear, we have rules and there will be sanctions. So what does this even mean? Where is the line? So they have to shut down some forms of speech? What forms of speech? Who's to say what gets to be said? Who's to say?

What misinformation is? What is misinformation? All the so called conspiracy theories that were being pedled twenty twenty one all have basically been proven to be true and all the misinformation. As I said, I broke this whole down, don't I'm not gonna go through all that. But if you're having doubts either one, just Google again, Always verify me, Always

verify me. Google Hamilton's sixty eight. And this is the big report that just came out from Twitter where they showed all the facts, all the smoking guns of how the FBI, the intelligence community, CNBC, Washington Post, et cetera used this fake, fraudulent source to push this Russia collusion narrative and it was all made up. And this is the facts. Okay, these are the names, these are the people, these are the quotes Hamilton sixty I talked about in

previous segment. I'm not going to repeat all that again, but there are the ones pushing it. So who's going to tell us what disinformation is? Well, they are right, the ones that are pushing it. He Senda Harden was the Prime Minister of New Zealand. You might remember her saying we are the source of truth. Don't listen to anybody but us. We will be the source of truth. And then she went on to the UN to ask the UN to rally the UN to put to put

restrictions on freedom of speech. If you remember, during the COVID era, you had CNN saying do not do your own research. Don't do it, just trust what we have to say. We are the arbiters of truth. Now, there was a book written called Fahrenheit four fifty one. I'd highly recommend you read it. If you don't want to read the book, watch the movie. I think the actor's name is Michael Jordan. He played like Apollo Creed in the new remake great movie Fahrenheit four Duo one. So

at least watch the movie. It's a very, very good movie, very entertaining. But basically the premise of the book and the movie is basically that the world went into a civil war, and so the world that comment forum says that all this misinformation will lead us into political instability

and potentially civil war. And the reason why is because you have two different groups of people, one group of people that listen to the lies and narrative being fed to them, and another group of people that talk freely and they discover the truth. And now those two people can't mix because they believe they live in two different alternative realities. And I think you know what I'm talking about.

We already have that today, right, And so what happened is then it led to the civil war, and it was this really bad thing and lots of people get died whatever. And so what they had to do is they had to get rid of all the information in the world, burn every single book, take over the internet, shut it all down, and then the state had to be the only source of information and truth. That way

they could prevent another civil war from ever happening. That way, if there's only one narrative and everybody believed that one narrative, then there would never be any fighting again, and so a Fahrenheit fourth d one. They had these like firemen, they called them, and the fireman would go around burning any books. And you had this whole section of society that was trying to preserve this knowledge, preserve this information, preserve his and they were hoarding these books. And then

what they would even do is memorize the books. So even if the books got taken away or burned by the firement, they could they could recreate those books. And so in an interesting book and a great movie. Highly recommend it. But basically it basically lays this exact thing out. They're saying that the single biggest source of societal disruption is misinformation, or the fact that there are two alternative realities, one which I consider to be the truth, and two

their false narrative. Now, how am I able to sit on my high horse here and tell you that I consider one to be truth and their false narrative. Well, the reason why is because the truth is always found out through free and open and honest and intellectual discussion. A lot of times I've seeing stuff on Twitter where somebody post something I'm like, oh man, that is so good.

I never thought of that, And then I start to read the comments and I'm like, oh, oh, I didn't think about that, and oh I didn't think about that, and oh that's a good point. Actually, now this guy's wrong, right, But it was only because of that open and honest discussion that I found the truth. If somebody says something mean or hateful or wrong, they'll be called out instantly. That's the way the internet works. If I say something super bigoted or mean or racist, people will call me out.

And only through that open and fair and honest discussion will we find out who the liars and the frauds and the biggots and the racists are. Only through open honest discussion when we find the truth. Only lies need to censor the truth because lies can't exist on their own. If their ideas were good ideas, their ideas would win in the open court of honest discussion, transparency. The truth will always find out if we're allowed to speak the quote. I don't know who said this quote, but you don't

prove a man wrong by ripping out his tongue. You only prove that you have something to hide. And so this is what they're trying to do with Twitter. They want to sanction it. They want to put it out of business, so we don't have a place to talk online anyway. That's what I got. You listening to the Markmas Show talking about the decentralized revolution. We're looking at the volatility. Things are changing fast. That was some of the biggest news headlines of the week. That's what I got.

Thanks so much for listening.

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