Don't Forget Rule #1: Don't Lose Money

to bring context to what is going on. And there's a lot of stuff going on, that is for sure. You know. We're seeing at a time where we have inflation raging to all newtime highs UM. At the same time we have like record amount of job quits going on, which is just crazy. Um. And then for the kind of the first time in my life or like potentially dealing with like a threat of nuclear war, we have food food shortages and famine being forecast um, which is

just insane to me. Energy christ is going on, I mean, you name it. And as wild and crazy as this all sounds and it is, um, it's all part of these uh decentralized revolutions that happened right now and right here, and and as as big and as bad and as dangerous and as scary as as this all is, and it is as much uncertainty as we have about the future. Um, we need to try to bring back some certainty back, right.

And we know when we go back and we look through history, which if you're tune into me on a regular basis, you know I love history. If we go back and we look at this from mystical standpoint, I mean, we hit these periods of volatility of uncertainty when the world changes. So as we go through these revolutionary periods, the world changes. Um. The good part, well, the good the good part is that it doesn't last a long time.

It doesn't last forever, right, So the world gets volatile and the world changes, and then we find whatever is a new normal. Um. I for one believe that this technological revolution that we're facing right now with bick Woine is here to stay. And men go into that. And that's in deep detail. But I think it's one of the best risk adjusted investments I've ever seen in my career.

And I can tell you that I believe that buying it now today at about approximates is a better entry then when I started buying it in at three hundred dollars and you might say, how is that possible? Mark, you were buying a three hundred that was obviously way better than buying it thirty. And if you look at just the sheer numbers, that's true. However, you should never be looking at any type of investment from the sheer numbers, right. You're trying to look at a bunch of different information

to make a good decision. And what most people get wrong, and this is why most people lose money. Well most people get wrong is they look at how much can I make? I want that next hot tip, I want this next options trade, what's the next cryptocurrency, what's the next thing that can make me a bunch of money? And they focus on how much they can make, what the profit potential is. Real investors, professional investors, they don't look at that. They do, they look at that, but

they also look at how much can I lose? What's my risk? Warren Buffets that the most important rule investing is to never lose money. The second most important rule is to don't forget number one. Don't lose money. Now, it's not that's not to say that's everybody loses money. Warm Buffets lost a lot of money, but you never want to lose money, and so you're always focused on that first, not how much you're making money. You have to understand that your life is a long should be,

hopefully will be a long term game. Right. It's like a marathon. It's not I have twelve hours in the casino. I'm in Vegas on a on a plane. I'm gonna layover on my plan. I'm gonna go play the casinos for twelve hours, make as much as I can. Know it's your whole life, and so instead of trying to retire off of every single trade, it's about making money consistently over time out losing big um. Being an entrepreneur and being an investor or sort of like being a gladiator.

What does that mean? That means the more you do it, the more likely you are to die, right, And so the goal is to not die. You don't want to die. And so you could be the best investor in the world. I mean you could win and win and win and win and win and win and win for decades and then one or two bad decisions and you could be wiped out. You could die. You could be the best gladiator forever. And then you meet one opponent and they kill you, and so you want to be careful about that.

And so back to this risk adjusted trade. So the bitcoin, I believe it's a better entry today than it was then. And the reason why it's because of the risk. So there was so much risk. So on a risk adjusted basis, I mean bitcoin had had this rise, nobody knew it was. Um it ran up to about a thousand dollars, which was amazing. It caught my attention, maybe I should buy it, and then it crashed all the down right, and it was three bucks. It was way down off of where

it's high was. Um. It was so new, we didn't know what it was, and what is this thing? And will it work well? Won't What about all these other cryptocurrencies, what about the blockchain, whether when the government's make it legal? There's all these risks And so even though I can buy it for three dollars, I couldn't put that much money into it because it was too risky. Whereas today we're at a point where I think almost all the

risk is out. It's we don't know the future, nothing is unson certain, but almost all the risk is out and it's more inevitable, it's more certain today, way more certain today than it was in which means I can put way more money in today. However, even though it's at three thousand, we still have an amazing risk return profile. So very quickly I could run through the math and we could see bitcoin rise to a million dollars or coin. That's a twenty x upside we have. I mean, it

could go to zero. The chance of the happening is barely above zero, but it could. So I have a one time's downside with a twenty times upside. That's pretty damn good odds odds. I'll take those odds. But it gets even better than that. So really, if we look at bitcoin, um, it's risen and fallen, risen and fall and talked about it falling from a thousand to three. Um, if you look at it, really bitcoin that hasn't really fallen more than about eight percent from its high, and

so we're down. If we look at from its high in November of last year to where it's at now, we don't have a d percent to that level. To get to the decline, I think it would get to about eighteen thousand. Half off the top of my head, but about eighteen thousand, So really you could buy it at thirty thousand and say maybe lose half. So maybe you lose half of it now could go to zero, but this is not likely. So let's say you have a zero point zero five downside with a twenty two

times upside. We'll shoot that's pretty attractive. So it's a better risk adjested entry. So because of the risk and return profile, I can put way more money into it today than I could have before. The other thing that we know through time is that bitcoin has been the best performing asset in history. Now, history is now never a guarantee of return, but it's been averaging about two annual compounding growth rate. If you zoom out, it's up

about two in the last twenty four months alone. And so because of that, it's one of those assets you want to buy and you want to hold. And it's also why more people in the United States than ever are turning into bitcoin and cryptocurrencies to help fund their retirement. Even in light of this recent market crash that we have, and I talked about Fidelity, they are now allowing people to take their four O one case and put it

into bitcoin. Uh, and it's happening in fast We can see some twenty percent of Americans aged eighteen to sixty. Around fifty million people have owned or traded crypto in the past six months, according to a poll published by the crypto exchange coo cooin Um. Yet older folks are more devoted to the young asset class than the general population, according to the survey carried out at the end of March, with of those age fifty and above but no crypto

as part of the early retirement plans. So even of the people over fifty years old, twenty of them are still putting bitcoin into the retirement plans. It's that important. Now. There's a couple ways to do that. Of course, obviously you can uh just go out and buy it all at once. If you have money you have a hundred thousands to put it in there, or you could put it in over time. It's called dollar cost averaging. Two different strategies. And it depends on where you see the future.

If if you're one of those people who think, should I buy it all now or should I wait because I'm afraid the price will drop even more, well where would the price drop to. Well, historically it probably wouldn't drop below about eighteen thousand, Uh even better, Probably twenty two thousand might be the low for the cycle. Now, anything can happen, right, anything could happen. Um, so could

it dropped there? It could? And so if you're one of those people who want to wait for maybe that to happen, well, then maybe what you want to do is dollar cost average and maybe put a little bit of your money in now in case. Uh, But then in case it keeps going down, you can keep buying more and you can average in as it goes down. But if it turns around and just goes up from here,

at least you bought some at the lower price. You listen to the Mark Ma Show talking about the Decentralized Revolution, talking about the way the world is changing with bitcoin and crypto. I'll be right back, all right, welcome back. You're listening to the Markma Show. We're talking about the decentralized Revolution each and every week, talking about the way bitcoin and cryptocurrencies are changing the world looking at through

the lens of politics, technology, and finance. And we were talking a lot about obviously, we talking a lot about bitcoin and some of the cryptocurrency overall. And I've been talking a lot about this big blow up in the stable coin market with Tera Luna UM we talked about how unfortunately people are losing their life savings and things like this UM other stable coins that are trying to do some other algorithmic thing and their peg to this

asset or this asset or whatever. Calm plex things, complex things that are untried, untested, likely to fail, and no one should ever be put in their life savings into these things. And of course people are. They're losing their money unfortunately. I've even heard of people committing suicide. Lots of lawsuits piling up over this, and we talked about these lawsuits before and and uh, I think people want the freedom, but they don't want the responsibility, and you

have to take both. But at the same time, I don't like to throw the word around, you know, scam or fraud. I don't like to throw that word around lightly. I like to I like to use the word for what it's intended for. You know, if I buy something and you give me something other than what you promised, that would be a scam or that would be a fraud. And I've talked about before UM. A lot of these other cryptocurrencies are a scam and they are a fraud.

And the reason why I can say that and I can back that up is because they are delivering you something other than what they've promised to be. A good example of this is the newest, the hottest going cryptocurrency blockchain out there, and that's Salana. Salana is the venture capital Darling. Right, It's raised all this money every VC wants to. Any project that's been built on Salona gets,

you know, hundreds of millions of dollars of funding. You know, billions of dollars collectively been raised to invest in this ecosystem into what? Into what ecosystem? Oh? Onto its decentralized blockchain. Okay, but what if it's not decentralized? Oh? I know, Mark, Mark, You're you're, you're you're starting fund right, you don't know what you're talking about. Well, let's look at this. Uh if we if we will have broken this down deeper before, but I want to look at this this new story.

So this week we see Salana was halted again by a bug this time. Alright, so it was halted? What does this mean? The salat of network suffered its latest outage Wednesday. It failed for over four hours by a bug in how the blockchain process is a niche type of transactions designed for offline use cases. So Salana Labs, the communication chief, Austin Federa, told Coin Desk that those transactions remain mixed until developers identified and patch the exact

culprit that through Salona's consensus mechanism off. So they had to pause. They had they had one stop the transactions and to shut down the entire blockchain. But wait a minute, I thought it was decentralized. What does decentralized mean. Doesn't decentralized mean that nobody controls it? Well, if nobody controls it, then how does Salona Labs chief Austin get the developers to stop processing transactions and shut down the whole network? See how that works? Let me let me let me

let me back up a little bit. Here. We have databases. We have lots of databases. The Internet has changed the world and we have these computer databases and these the Internet, uh can pullug in these databases. So Facebook has a database and it's in their you know server farm, probably in Menlo Park or whatever. Um and you have, you know, Experience has this database and it's in their server. And there's an I I T team that tries to secure

it and keep it secure, cybersecurity team, etcetera. And they get hacked all the time, right, and so the cybersecurity teams they can't keep it safe. Now, um, we have a brand new technological revolution different than the technology. A technology is something cool, like an iPhone. That's a new technology. We took a computer, we took a phone, we put them together. Cool. A technological revolution is something that changes

the course of humanity and drives financial markets. So there's been five industrial revolution uh, steel, steam, steam engines, the railway, steel electricity, oil, automobiles, mass production, and microprocessors. Each one of those has driven financial markets. And here we are. The new technology revolution is decentralization. So instead of having centralized databases like Facebook or Experience that could hack all the time, we have decentralized which means instead of one database,

there's thousands or millions of databases. And so instead of one person or one company or one group controlling the database the ledger, now nobody controls it because everybody controls it. And in order for the network to change or proven upgrade whatever, it has to achieve consensus. And that means over half of the network has to agree. Now, if we have three of these databases and I control all three,

is it really decentralized. If we have three and I control one, my wife controls one, of my daughter controls one, is that really decentralized, right? And so really it's it's decentralized when there's enough spread, when there's enough databases and there's no more control, when no one person or entity can control that network like bitcoin. So Bitcoin doesn't have a chief, there's no chief, there's no group, um, there's none of that. There's no CEO to get brought up

on charges or bring in for questioning. And so because of that, there's no one that can shut down the network. There's no company, there's no chief, there's no labs um, there's no government that can shut it down. Why because there's so many databases that are controlled by all these individual people like myself running my own note in my own database. But you can't do that, you can't run a note in a database with Salana. And so because of that, Salona Labs is able to stop transactions and

is able to shut down. Now, this has happened multiple times. This is not the first time that's happened, and we can see this really in the price pretty well. So we can see at the beginning of the year if we look here today here, at the beginning of the year, the price of Salona the token was a hundred and seventy five. Today it's forty and so people are starting to wake up to this. Wait a minute, what is

this thing? It's not decentralized. If it's decentralized, how do they keep shutting it down over and over and over. How can you build a financial network that keeps having bugs and keeps getting shut down over and over and over. What if you need to run transactions? Now, I'll let you know that the Bitcoin network has achieved like a ninety nine uptime, meaning when it first launched, in the very first days, there was a little blood bug they found and they fixed, and since that time it has

never never gone down, never had a bug. And there's no other network in the world I believe that can make that claim, and definitely not Salana. It could shut down all the time. And my point going back to, is is it a scam? If they tell you it's a decentralized network and it's not, is that a fraud? I don't know. Let me hear what you have to say. You can hit me up on Twitter at one Mark Moss or on Instagram at one Mark Moss. I'd love to hear from more of you guys, so feel free

to let me know on that specifically. Is it a scam if they tell you it's decentralized and it's not. Now, what we know is that the world values decentralized networks like Bitcoin right it was, it's a five six billion dollar valuation. And we also know the world values centralized databases experience Facebook, They're worth a lot of money. So we know there's a value for centralized databases, and we know there's value for decentralized databases. Is their value in

a decentralized ISH database? And what will be the point of a decentralized ish You can think of it quickly. Anytime you hear the word block changes, substitute in your mind the word slow inefficient database. So we want fast databases. The only reason that we willing to have a very slow and efficient one is if it's the most secure and most decentralized. But if it's not, what's the point then we'll find out. But i'd love to hear your perspective.

Like I said, hit me up on Twitter, Instagram at one Mark Moss and let me know what you think. You're listening to the markmas Show talking about the decentralized Revolution, talking about the way bitcoin and cryptocurrencies are changing the world as we see it in every area. And we talked about a lot different subjects because it is changing the world. We talk about fixed the money, fix the world is that big. Let me know what you think

about this. I got a lot more to cover when I come back in a second, so do not go away. I'll be right back, all right, Welcome back. You are listening to the Mark mo Show talking about the de centralized revolution, talking about it, talking you through it, because the world is going through it. That's why the world is so crazy right now. And if you understand this,

everything just starts getting more clear. We look at it through the lens of politics, finance, and technology, all converging, the three revolutionary cycles converging we talked about all the time, and so we want to look at it from all those different angles, all those different perspectives, to get this dynamic, holistic view so we can understand it, so we can of course be better prepared for what's happening. One thing we saw this week was maybe one of the most

powerful people in the world. Um, non elected. I'm not talking about the president, UM, I am talking about Jamie Diamond. Now, Jamie Diamond is the head of JP Morgan, arguably the most powerful banking institution United States, which, of course the dollars reserve currency of the world. So Jamie Diamond has massive or over the banking system, of course, the federal reserve system, which of course is the economy and the world as well. And so when Jamie Diamond talks, a

lot of people listen and uh, I listen. UM, I don't always agree. For example, in Jamie Diamond said that bitcoin is a scam, it's a fraud. He said that if anybody at JP Morgan traded bitcoin, they would be fired. That's what he said. So you know, I listened, I didn't agree. Um. Sometimes I listen, sometimes I don't agree. Sometimes I listen and I do agree. And he said this week that, um. J He said that JP Morgan is bracing itself get ready, brace for the impact of

an economic hurricane. He says that the FEDS actions are creating an unprecedented challenge, but it's still too soon to say how intense the storm will be. But he warned investors to prepare for an economic quote hurricane as the economy struggles on against an unprecedented combination of challenges, including tightening monetary policies and the Russia invasion of Ukraine. So two of those. Um, the economy struggles against unpresident combination

of challenges. So the tightening monetary policy. Okay, so without going super deep into this guy to talk about all the time, but that's like a self inflicted problem, the struggling against um monterary tightening. But why are we tightening monetary policy? Oh, well because of inflation, mark right, Um, but what caused the inflation? Oh the loose monetary policy.

And see how all these booms and bus are because we have a loose monetary policy to stimulate the economy and then it gets overly stimulated and so then we have to then tighten it back up. It's like, uh, I don't know if it's like this, but like you know, taking taking stimulants in the morning to wake up and then taking sleeping bills at night. I think that's how Elvis Presley died. Taking uppers and downers. Uppers and downers,

and that's kind of what happens with the market. And the problem is those uppers and downers they work less and less and less, so you need more and more and more of them, and so then it creates a real problem. And Elvis Presley died and so correct me if I'm wrong, by the way, I think that's the story. I'm not old enough to really remember. Hit me up on social media at one, Mark Moss and let me know.

But let's let's just let's just go with that, right, And so that's kind of what we're up against, right. The Federal Reserve, they ease monetary policies, quantitative easing, and now this week we started qt quantitative tightening, because that means they're tightening things back up. But again, they wouldn't have to tighten things if they didn't loosen things, but they just leave things alone. As a matter of fact, Um, we don't human beings. The government doesn't have to work

to create prosperity. Humans already create prosperity. I used to carry one rock by hand, and uh, I got tired of that, so I created a wheelbarrow, and now I can carry a whole bunch of rocks. Way easier. Humans trade From the very first time I went and killed a rabbit and I came across the guy who had a fire, and I said, hey, I have an idea. How about I I cook my rabbit on your fire and we share it. And that's capitalism. Capitalism is not

a political, uh system. It's not something that's been invented. It's not something that has to be ordered to follow this capitalism. No, capitalism is just organic. It's emergent. You had a fire, I had a rabbit. Let's work together. Um, you in my early now and you have talked about beyond this deserted island proverbial desert island. You have the coconuts. I found a fish. Let's trade, right. It's emergent, it's natural, it's organic. Human beings strive for prosperity. We strive to

make things easier and better. Only through the government can they force us to be poor. And that's exactly where we're at here. And so back to this, they're tightening policies. How abould if they just left us alone and we were just left to be first on our own. But he says here quote, we don't know if it's a minor one or a superstorm sandy, but you better brace yourself, he says. And he said that they're preparing. Um. He said that JP Morgan is preparing for that turbulence by

being conservative with its balance sheet. And so I like that. He says. They want to shed non operating, non operating deposits again, which we can do in size to protect ourselves so we can serve clients in bad times. And so, UM, they're being conservative with your balance sheet and you should too. And I am to write and so think about this, think about your balance she, think about your investments. People ask me a lot about real estate. They have been

a real estate investor for my whole career. Should I buy a house now? Should I sell my house now? Should I sell this that? Whatever? Um? And what I would say is again, UM, look at your balance sheet, look at the investments you have. And if you have a house that typically I don't include my home as part of my investments. Um. And so if you're in a home that's your family's home, you probably don't want

to sell that. However, if it's just an investment for you, UM, of you should UM when it comes to my real estate investments. If it's a home that I love and I want to keep, it's a trophy asset, it's on a lake, it's on a ski resort, I'm always gonna want to own this thing, no matter what, I'm going to keep it. However, if it's in a place like I sold some properties up in the um Northern Midwest, and I'm like, you know what, I don't think these

areas have good long term potential, I'm selling them. So I sold some properties there, and I've bought properties in other areas that I think will continue to do good. So now would be the time to get rid of assets that you don't like. It's also the time to

think about holding more cash. I think holding of your investment portfolio and cash is probably a good idea right now, UM, and UM thinking very carefully about putting more money out because what he's saying right here, JP Morgan is preparing for that turbulence by being conservative with its balance sheet, and he says that there's power quote, powerful forces threatening the US economy. Powerful forces. UM Like, what what are these powerful forces? Uh? Back to inflation and the Russia's

invasion of Ukraine. Now, Uh. First of all, it's not uh, it's not the COVID crisis, and it's not the Russia Ukraine crisis. It's the response to those things that are the problem. So Russia's invasion of Ukraine, well, now the whole world has slapped crazy sanctions on them. It's the sanctions that are causing the problem. Now Russia is doing better than they've ever done. Their currency, the ruble, is

at all time highs. They're making more money than they've ever made because they have gold, they have oil, they have natural gas. Those things have shot through the roof. They're making more money. All of the sanctions are hurting you and me in the United States. We pay more for gas, we pay more for food. So the problem is not the Russia Ukraine war. The problem is the response to it, so that the sanctions have made richer Russia, Russia richer, and made us in Western Europe and the

United States poor. Um through the COVID epidemic. It isn't COVID necessarily direct the economy, it was the response to it. So Jamie Diamonds talking about these um, these unprecedented things, these powerful forces, as he said, but it's the powerful people that are creating these policies that are creating these problems. He says that. He says, he said, are we facing

a recession? He said, It's possible, Absolutely possible. He said, UM And he says, uh in the nation's biggest bank, having an unparalleled view of the US economy, has a window into the finances of American households, businesses, and small and they have approximately six to nine months of spending power left. Six to nine months of spending power left. So UM, if inflation continues going up. We've talked, We've seen reports showing that Americans now have to postpone retirement

because of this. UM, we have about six months of runway left before things get ready. He says. He's bracing for an economic storm, and I am too, and you should too. You're listening to the Mark mo Show talking about the decentralized revolution, which of course, these economic storms, its volatility happens during these revolutionary times. I'm bringing it to you in context of politics, finance, and technologies so you can understand all of these forces so you can

be better prepared. I'm being better prepared by moving more towards cash, getting rid of investments that I don't want to keep for the long term and only deploying new money and stuff that I really believe. I'm preparing for the storm, Jimmy Diamonds, preparing for the storm as JP Morgan is, and you should as well. Of course, I'm not selling my bitcoin and you shouldn't either. Um, that's not financial advice, that's just what I'm doing. I'll be back with more in a minute, so don't go away,

all right, welcome back. You are listening to the Markmas Show. We're talking about the decentralized revolution navigating the world as we see this revolution change, as the world is changed right before very eyes. Of course, Um, it's already going through this, and we have this technological revolution of bitcoin that is speeding up this adoption and it's caused all

types of problems. Uh. Like I said, we say we talked about fixed the money, fixed the world because it really changes everything from society breaking down to our health to the way that we even get along with people. And you can see it right the people, the people around the world have never been more divided, and we're being divided on lots of different issues and a lot

of those issues go back to the money. One of these big hot button issues that I've spent a lot of time this week talking about with with individual people, is this UH topic that just won't seem to go away, that continues to be recirculated over and over, and it's been hot this week, and I'm talking about what should we do with student loan debt? It's an interesting topic. Like most topics, there's no easy answer for any of these because you have to look at them from so

many ways. And I think you know, one of the problems that we have with these types of issues and politics overall, a lot of times people think about themselves when they vote on these things or discuss them, as opposed to thinking about the greater good. A lot of that greater good has been ignored because of just the

way society has gone gone. I think if you look back, like UH, in a business which ran many businesses, the most people have had working for me at one time was about sixty five people, which isn't super big, but but it's not small either. And when you run a company, you have to think about your company culture, and that's like the attitude that's in that company, and the company culture is set by the top in business there's a saying that says a fish stinks from the head down.

And so if you think about that and the way businesses set culture, and so you've had companies like Zappos, like the online shoe company that have basically reimagined the way the company culture said, and they become case studies in businesses emulate what they've done. But if you look at the United States, for example, when it was founded, we had founding fathers who left their homes in Europe risk their lives to come to America in hopes of

a better place for future generations. So they risk their happiness, they risked their life for future generations. Um, the you know, in the early days, the founding fathers, they went to war, the Revolutionary War, and they risked their life, they risked

everything for future generations. Even not that long ago, even you know, eighty years ago, even still today, probably some but even eight years ago, we had we had immigrants come into this country sacrificing everything, leaving everything behind, working you know, two three jobs so their future generations could be better. But today we don't have that anymore. The leadership of this country today is only thinking about themselves.

Nancy Pelosi is able to outtrade every single hedge fund and investor in the in the nation, and now the United States. The only thing we have left is our financial services are Wall Street right, and she's outperforming them and their full time professionals that have million dollars million dollars worth of staff and team to help them. We have leadership that's only thinking about themselves, and so what

does that do? Back to the leadership and the culture, and so now we have everybody in the country thinking about themselves, no one thinking about the greater good, and so back to the student loaned At a lot of times people approach these situations thinking about what's good for me as opposed to thinking about the greater good. Now, it's not just as easy as ad There's some ways to look at this, but of course this is the

raging debate. Um says US Americans collectively hold more than one point five trillion in federal student loans, making it the second largest category of consumer debt, behind only mortgage debt. Of course, more is that at least you have a house student loan debt, you have a piece of paper you can hang on your wall. Now it's the second largest category of consumer debt, but it's the largest, the

number one asset on the government's books. Now, the government has a ton of debt obviously, about thirty trillion dollars worth of debt. And then they have assets, right as you have liabilities, what's your debt and you have your assets? Well, their assets, their biggest asset is this the debt, the student loan debt, approximately forty three million student loan borrowers in the US almost oh dollars or less, well forty

or more um. And so is this the crisis that calls for a cancelation of all federal student debt, as championed by former Democratic presidential hopeful Bernie Sanders and Elizabeth Warren. There's a raging debate, debate and uh, there's pros and cons, there's winners and losers. And that's part of a problem. I've talked about this that capitalism is free an open market. So capitalism is always a win win. Capitalism is one it protects private property rights to it's free and voluntary exchange,

and so it's always win win. If I like the deal, I take it. If I uh, and that's I take it because it's a win. And if I don't know, no harm off of me and I went either way, right, Um, But under these type of political systems, there's always a loser. It's always a win lose deal, and unfortunately that's where we're at. It's it's not a good situation, they say.

Proponents of mass desk debt cancelation say it's appropriate because it's failed government policies, not recklessness on the students, because I guess the students were forced at gunpoint to take on the debt. I guess why, says uh. They hold at one point six joined in debt, and the effects

of that debt on college graduates have been documented. Delays homebuying, delays, marriage, delays, wealth formation because those student loans are eating into their savings and it accounts um for about thirty five per cent of debt of these delinquent households. And it's it's not wrong, it's not wrong, right. I think about it like, these are young people, you know, starting out in life,

starting families, etcetera. This is the future. So we have this aging population, the baby boomer generation is the largest segment of the population. They're all retiring. Now, you spend the most amount of your money at the end of your life, when you're dying, and now we need all these young people to come up and pay for all of that. But all these young people are stiddled with so much debt that they can't be productive. So it is a problem. I'm not gonna lie. It's a problem.

But is it the problem of the government of to forgive that debt? Think about it now. A lot of people went and took on this debt to get the jobs, so they thought they could get better jobs, right, it, says uh. In the wake of the two financial crisis, states cut public funding to higher education, so individuals had to pick up the slack. So since the government stopped

subsidizing it, people had to pay more. Tuition at public four year college is increased by thirty six percent between o eight and two thousand eighteen UM as many people turned to higher education to wait out weaker jobs, but because of the increased demand always back to the supply demand. Because of increased demand, it pushed the private pushed the tuition costs up. M hmm. Now this might have worked out if the returns on a college education had climbed

to the similar rate. Instead, the recession ended wages for college graduates and they've stayed flat. So all these people went and borrowed money to get the college degrees, they couldn't get the jobs and not turned out to a bad deal. But whose fault is that? And now I'm sympathetic to those people? But what about the people who chose not to go to college because they didn't want to take on the debt and now they've been working

a lower paid wage job. If you forgive the debt of the people who went to college because they got a better job, what about the people who have been working for a decade and a low paying job because they didn't want to take on the debt. What about the people who worked two jobs and sacrificed their family to pay that debt off. How do you subsidize that. It's a complex problem that again, these are these are

these are difficult problems to get out of. They're much better if you never get into them in the first place. So back to central planning, the decentralized revolution. Central planning is the problem. Printing money and deciding to subsidize some people at the sacrifice of other people will create this wind loose scenario. Someone's gonna win, someone's gonna lose. All

that's going to do is divide people even more. If I chose not to go to college, which I didn't, why should I have to pay for people who chose to. And all of this is put us against each other. Now there's no easy way of this. I'd love to hear what you think. Hit me up on social media at one Mark Moss, you hit me up on Twitter, on Instagram. I'd love to hear what you think about this. I'll talk more about it if I get enough feedback from you. But it's a it's a it's a difficult problem.

All of these problems are difficult to get out of because we live in a complex system that needs to be made on a small local level, a d centralized level, which is why we talked about the decentralized revolution. Central planning fails because it can't take into account all of

the variables that go into this. And now here we are stuck with an a possible decision where there's gonna be winners, there's gonna be losers, there's gonna be more civil discourse in the time when we can't afford that anymore. You're listening to the Mark Moms Show, talking about the decentralized revolution, talking about how the world is changing technology, being the driver Bitcoin, decentralized technology changing the world for

the better. In my opinion, it's rough now, but there's massive hope and prosperity on the other side of this. But I'd love to hear what you think. Hit me up on social media at one Mark Moss at least let me know that you listen to me. And that's what I got for you today. Thanks for listening.