Government Default: A Catalyst for Change?

and we have one right now. So that's what we're going to cover. Let's go ahead and dig right into this, and let's just start right off by stating the obvious. We are at the point now where the government, the government officials are saying the quiet part out loud. What do I mean? Well, there's lots of things that we

talk about kind of behind the scenes. People might consider them sometimes conspiracies, maybe their lies, maybe we don't understand, but we're at the point now where they're coming out and telling us that specifically. Now. One of our government officials I'm talking about, Brad Sherman from California, obviously is not one of my favorite lawmakers. For sure, he has been let's say, a big time foe an enemy of progress, an enemy of innovation, an enemy of bitcoin and cryptocurrencies.

And of course his major donors are credit card companies and banks, so of course no wonder he's against that. And he's constantly come out with bad take after bad take after bad take, and he has another one this week. That man really still got to sit out to me. I'm gonna let you hear it directly from his mouth. Let's go ahead and play this clip from Brad Sherman so you can hear what we're talking about. Crypto bros make money, literally by making money, and they've made over

a trillion dollars out of thin air. They'll accuse the US government of making money out of thin air. Maybe we do, but we're the US government. Uh, Crypto bros accused the US government of making money out of thin air. Maybe we do, but were the US government. That's his rationale. When I was a kid, I remember seeing these bumper stickers. They might still be around today, but they say, don't steal.

The government hates competition. I don't know if you've ever seen one of those bumper stickers before, but that's basically what they're saying. You're not allowed to counterfeit money. That's the government's job. You're not allowed to steal, that's the government's job. You're not allowed to create money out of thin air. That's the government's job. So there's a lot to unpack with this. And as I said, one, they're saying the quiet part out loud. Yes, the government literally

creates money out of thin air. Although if you don't understand what money is, maybe you don't really understand it. But let me unpack this just a little bit. So does the government print money out of thin air? And do crypto bros create money out of thin air? Well, first of all, money is a meaning of exchange, is a store of value, and I don't want to get into all that, but let's think about this for a minute. How is money made? How do you make money out

of thin air? Well, I mean you can't, right, So, if I'm a crypto bro that Brad Sherman's talking about, let's see, I had to probably learn how to code. I've probably spent hundreds or thousands of hours potentially schooling learning how to code. And then I had to learn how to get a blockchain and fork it and then you know, change it, modify it to my own liking. Well one, I had to have the idea. I had to have the creativity to even see a potential use case.

So I had to see a problem and a potential solution. I had to come up with a new you know, crypto bro blockchain to potentially solve that problem. I had to learn how to code or I had to hire coders to come in and write the code, fork it, modify it, et cetera. Then I had to you know, build a website and put all the marketing together. I had to you know, figure out how to raise money, set up off score corporation, bank accounts, whatever. I had to go on the show, you know, the road show,

and I had to collect money, raise money. Then I had to get exchanges to list the token. I had to sell a token, etc. Sort of sounds like setting up a business. So for Brad Sherman to say that they were creating money out of thin air, I don't see what he's talking about. If you follow that line of thinking, then Mark Zuckerberg created money out of thin air. Jeff Bezos created money out of thin air. If you create So what Brad Sherman is saying is, if you

learn how to use your mental capital. If you learn how to use your ideas to solve problems, you learn how to use your skills you developed to write code, you've learned marketing skills and organizational skills, and your business creates revenue. You've created it out of thin air. Is that what they're saying. That's what he's trying to say. Now, if you listen to the show on a regular basis, you know, I'm not a big fan of crypto he

as a category because most of it is vaporware. Most of it is a scam, and I don't use the word scam lightly. What I mean is that people think they're buying one thing, a decentralized secure asset, and they're being sold something else that's neither decentralized nor secure, And many times there's rug poles and things like that. So I'm not a big fan of it as a category. But to say that they're printing money from thin air just shows how little Brad Sherman knows about what he's

even talking about. He has no idea, of course he doesn't. He's a government bureaucrap. He's never created value in his entire life, so he has no idea what would say is how the sausage is made. He has no idea how businesses actually create value. He has no idea how people get paid by creating value. If he did, he would understand that what the crypto bros Have done is

no different. I mean, it's different in many ways, but it is very similar to what Mark Zuckerberg did by creating a line of code in his college dorm room. And what the guys that started Airbnb from an Airbnb from a cow did. They wrote a line of code, they organized people, they created marketing, They went and raised money that created value for those people, and they made money. So the crypto ros did not create money out of thin air. They created something that enticed people to give

them money US dollars. Now back to the government, the government is making money out of thin air. That's according to Brad Sherman's own words. Yes, the government is printing money out of thin air. So what are they doing to provide value? What is the government doing to provide any value to us? They're not. They didn't learn a skill. They didn't provide that skill to the marketplace. They didn't go build out marketing and go raise money. People willingly

giving them money. No, that's not what the government does. The government hits a button on a keyboard to create more dollar units, not for us, not in exchange for value. They just inject those into the system. None of us get any say out of them. And what it does, instead of providing value to us, it steals our value away. Every time they create create one more currency unit, it makes the existing crypto, the existing currency units worth less, worthless.

And so when you see prices going up steak, gas, milk, cheese, homes, travel, et cetera, when those prices are going up, what's really happening is the dollars are buying less and less. They're debasing. They're devaluing the dollar by creating more of them. And so it's not that prices are going up. They are, but the reason why prices are going up is because

the value of that money is going down. That money buys you less, it takes more of those currency units to buy those same goods and services in the future. Now that's being done because, as Brad Truman said, the quiet part out loud, they're creating money from thin air. Now, this takes us to the big topic at hand, which is all over the news, which is the debt limit. The United States government, the global the number one global superpower,

the homogeny, the reserve currency of the world. The United States government is broke. The United States Treasury, the treasury runs the government. It's like if you had a business, you had an accounting department. The treasury is like the accounting department. They're broke. They don't have enough income to cover their expenses, and they've taken on more debt and more debt and more debt, and now they don't have

any more. So, for example, if you had a business and your expenses exceeded your income, and so you took a credit line from your bank, and then you went through that entire credit line, and you still didn't have enough revenue to cover your expenses. So then you went and got a credit card, and then you still couldn't get your business profitable, and so you took out another credit card, and then finally the bank and the credit cards are like hang on, hang on, hang on, no

more credit for you. That's where the government's at five trillion, ten trillion, trillion, thirty trillion, thirty two trillion, and the government still can't be profitable. And now the credit lines are cut off. If you're just tune in, you're listening to the Mark mass Show talking about the decentralized Revolution. We're running through some big stuff. We're gonna talk about the treasury has only two weeks of money left, why the government default is more likely than ever, and the

big problem. I'll be back with that in a more in a minute. Don't go away, all right, welcome back. If you're just tune in, you were listening to the Mark Moss Show, of course, always talking about the decentralized Revolution. We're talking about how our lawmakers are now saying the quiet part out loud. Brad Sherman says, Hey, you crypto bros. Created money out of thin air. You can't do that,

but we're the government. We do. I explained that I'm not gonna go through that again, but the government needs to create more money out of thin air because the government, the US Treasury is broke literally meaning broke. As a matter of fact, let's hear directly from the head of the US Treasury again, kind of in a business analogy, this would be like your CFO telling you, let's hear exactly what Janet Yellen, the head of US Treasury is saying about this debt default that's looming here.

when you don't have the money. Those are very difficult decisions. Now, if you tune in regularly, you kind of already know this I talk about this has already been framed up. But look, this isn't a partisan thing. I don't want to turn this into a Republican Democrat. We happen to have a Democrat Biden in the office. Now, we had a Republican with Trump in before Trump spent more money than any president before him, and Biden wants to spend

even more. Every president wants to spend more. And the reason why it's because we are in a debt based monetary system, which means the debt has to constantly expand or the whole thing falls apart. So it's not red or blue. Trump spent more than before him, and Biden

wants to spend even more. But Biden has come out like swinging like crazy, passing like all types of bills like the Inflation Reduction Act, and they want to spend one point seven trillion dollars on all these new programs like eighty billion to bring on a whole bunch of new IRS, agents, types of things like that, and you know, millions, hundreds of millions dollars to give to other countries to study gender studies and things like that. Money that probably

doesn't need to be spent. Money that might be good to be spent if you wanted to and you had some extra money and you thought it was worthwhile, but certainly not when you're broke and your income is exping your income is your expenses are exceeding your income, so no good options left. Now, let's talk about some of these options. So option one is the Republican said, look,

here's what we'll do. Will allow you to increase the debt ceiling another one point five trillion dollars, but you're going to have to cut a couple of things because that's not going to be enough money. So a couple of things you have to cut would be like cut some of this the irs agents for example. Also, you're going to need to cancel that student loan forgiveness that you put through because we don't really have the money

to do that. And also, what we want to do is we want to start getting energy out of the United States against we can become energy independent because that will really unleash the economy and allow us to grow out of this. And Biden says, no deal. So when Jane yone's saying that he has to make some tough decisions, one of the tough decisions would be, am I willing to spend less money in the future? Still increase it still go up by one point five trillion, but less

than I want? And that's where the stealmate is. I want you to understand that the stealmate is the one point five trillion more isn't good enough, and that's what they're fighting over. Now there's talks of a government default and that is really running hot. As a matter of fact, that seems to be the base case that's going on here. Let's play this clip from Janet Yellen and hear directly from her on what she's saying about this is.

Did you know that? Every economist knows that we have to increase the debt ceiling in order to continue to pay our bills. Now more people are waking up to this than ever before. So this is a good thing in a long term perspective because people are starting to wake up to this. But listen to the sheer insanity of that. Everyone knows we have to increase the debt ceiling in order to pay our bills. So that's going

back to your business analogy. Your bank won't give you another credit line, you can't get any more credit cards, and you go back to the bank and say, look, everyone knows if you don't give me another credit line, my business goes under. What's the bank going to tell you? They can tell you to pound sand I mean, that's the most ridiculous thing ever. But then the final part that she said so that other nations don't think we're a deadbeat nation. So imagine again, going back to your bank.

I know you said you won't give me to our credit lines, and I know I've maxed out fifteen credit cards, but look, if you don't give me, if you don't give me another credit line, you know my business is going to go under and people will think I'm a deadbeat company. Think about that, Well, if you can't pay your bills. You're not profitable, You've taken on more and more debt that you have no way of ever repaying. Aren't you a deadbeat company? You're not going to pay

those people their money back. Why would anyone loan you are deadbeat? So what she's saying is wrong. I put out a tweet. I believe it was yesterday earlier this week. I forget exactly what day, and I showed a chart and I like to I like to post a lot of charts on my main YouTube channel, Mark Moss, as well as on Twitter as well. Again follow me on those platforms if you're not. And I like to show the charts because I want to show you the size

and the speed of these moves. And the chart comes from FRED, which is the Federal Reserve's data board, and it showed that the interest on the debt, So again they want to raise the debt selling from thirty one trillion to know almost thirty two to another one and a half. The interest that's owed on that debt is now equal to the amount of money that we spend just on defense spending for the military. So we're paying just as much on debt as we are on defense.

Now we spend We spend more on defense than the next ten countries combined combined. So everyone from number two China, Russia, everybody, the next ten people, we spend more than that combined. Now, so the debt, the interest on the debt is more. Now does that sound bad? Did you know that the Federal Reserve has raised rates at the highest and fastest rate in history. And when the debt was taken on, we were in the zero zero point five range. Today

we're at five percent. About thirty percent of that debt, the thirty two trillion dollars has to be refinanced in the next twelve months at these new five percent rates. What do you think happens when you refinance thirty percent of your thirty two trillion from zero percent to five percent? Like if you took on thirty percent of your debt for your business, you had got like on a zero rate transfer credit card, and then all of a sudden

it resets at five percent. What is that going to do to you in a time when the interest is already meeting or exceeding defense spending, in a time when you can't already make those obligations. It's insanity. If you're just tune in. You're listening to the Mark Maus Show. We're talking about the insanity of the debt crisis that's happening, the unsustainable debt. I got a lot more to cover when I come back on the potential for a government default,

which is I'm thinking is probably the base case. It looks like that's where we're headed. What does that mean and what are the possible solutions to protect yourself and profit from all this. We'll talk about all that in a minute when I come back. Don't go away, I'll be right back. All right, Welcome back. If you just tune in, you're listening to the Mark mass Show. Taking

it through this debt crisis that we're in. We've been covering how the government admitted that they're printing money from thin air and now this debt crisis that's looming now. I talked about the government having only less than two weeks of money left. Now, of course they show us this. They show us how much money they have in their reserve account, and so we can see their checking account. We can also see how fast it's been drawing down.

So we basically just extrapolate what the current burn rate is and then based off this current burn rate, how much do you have left? And then how long will that last? It's not hard to do, simple elementary math, almost right, And so all we can see is that based off of those numbers, we see that we have about two weeks left. The treasury account is down to one hundred and eighty five billion, which is a lot of money, but not when you're talking about trillions of dollars.

The government is running a two point two trillion dollar deficit right now, so that means the deficit means that

their expenses exceed their income by two point two trillion. Now, the treasury has one hundred and eighty five billion, the cash balance is down just down thirty billion just from yesterday, and only two point two billion in tax revenue came in, because right, we have tax revenue coming in and tax you know, taxes were doing April fifteenth last month, and so the tax revenue is coming in, but the most of that tax revenue is already in, like you should

have already paid that that's already in, which had a little bit more trickle in two point two billion, but we withdrew thirty you know what I'm saying. The expenses are way exceeding the income, and so at this run rate, we have about two weeks left. Now, this is obviously unsustainable. I don't have to an elementary kid could figure that out. That's unsustainable. The US government debt has gone from one point two trillion to thirty one point four trillion just

since nineteen eighty. Thirty times in thirty years, well, I guess without forty years, thirty times in forty years, one point two jollion to thirty one point four joian. That is not sustainable. In nineteen eighty, going back to the one point two trillion, the debt to GDP. So back to a business, you have your your revenue, your gross revenue, the amount of products that you produce, goods and service

that you produce, and then you have your debt. In nineteen eighty, the debt in the United States government debt to the GDP was twenty six percent. This year it's one hundred and twenty three percent. So what does that mean, Well, that means that what they do is they take on debt. Just like your business. You would take on debt to buy a new piece of equipment, a new van, new truck hire, somebody and you hope that by buying that new piece of equipment, and you take on that little

bit of debt. You know it's going to cost you a hundred bucks a month to add on this piece of equipment, but that piece equipment should make you five hundred a month. So you take on one dollar of debt to add five dollars of revenue. That'd be the goal. And so the United States government has done right. They're trying to take on debt to try to grow. The problem is is that at some point the debt becomes

unsustainable and it actually starts holding you back. It's like trying to run up a hill with a backpack full of rocks. And so that number really starts heating up around ninety percent debt to GDP, and you're starting to get less growth than the dollar of debt. And so in the example I gave, so like in a nineteen eighty at twenty six percent debt to GDP, you know, I don't have the exact data in front of me, but potentially, you know, one dollar of debt would give

you back the five dollars of growth. Once you get up to ninety percent, you're getting one dollar of growth for one dollar of debts, it's not really doing anything for you. Now when you get to one hundred and five ten percent twenty one hundred and twenty three percent were're at now, now you're getting like fifty cents of growth for the dollar of debt, which basically means that you're digging your hole faster than your filling out of it.

If you've ever been to the beach, I live at the beach, some there all the time, but maybe I'm sure you've probably been there, and you see people like kids, they'll go down kind of by the water and they'll start digging a hole. A lot of kids like to do that, and if you're close by the water, you'll see it starts filling up with water. They're digging and

digging and digging. But no matter how much they dig, they're never going to dig their way out of the water because the water is underground right here on the ocean there. And that's basically the same situation that we're in. No matter how much debt they take on at this point, they can't grow their way out of it. And of course, governments usually resort to fiscal stimulus during a recession, which is where we're going into right now, which means even

more debt. But when a government's running two point two trillion dollars of deficits already, and then you know, and they're doing that during times of economic expansion, times when things are good, times, when the economy is growing. How the heck are they supposed to run that stimulus during a recession. That's not good. That's certainly good, which is

why this default is looking more and more likely. As a matter of fact, like I said, there's this stellmate where the Republicans are like, look, okay, fine, we'll increase that limit. We'll give you the extra one point five trillion you want, but you are going to have to cut some of your potential spending bills like the IRS Bill for example. So we're going to give you more, but like we're not. We're going to limit the increases

to one percent a year. So this future spending that you wanted, you're going to have to cut some of that out. And that's where the stellmate is. And so the Biden administration says, no deal, we won't do it, and the Republicans seem to be pretty steadfast on this number. As a matter of fact number forty five. President Donald Trump came out and urged the Republicans to get the

spending cuts from the Democrats before they concede. So he's basically said, look, don't don't don't cave, get those concessions from the Biden administration, reduce spending, or if it won't happen, then he says, to push the US into its first ever default. That was an interview that he did with CNN. Quote. I say to the Republicans out there, congressman, senators, if they don't give you massive cuts, you're going to have

to do a default. In quote, Trump said. He went on to say, quote, I don't believe they're going to do a default because I think the Democrats will absolutely cave, will absolutely cave because you don't have to have that happen. But it's better than what we're doing right now, because we're spending money like drunken sailors. End quote. So he says, look, hold strong, what do you think do you think the government should just continue to spend like drunken sailors? Do

you think the debt doesn't matter? Do you think it do you think it matters if these people won't get paid back. No, you've heard we owe the money to ourselves, right, well do we? If you have a retirement account, mutual funds, four oh one k's pensions, it's probably in government debt. You are probably the one loaning the money. Your money is loan to your bank. I'm sure you've heard me say that before. The money in the bank is not your money. The bank owes you money legally. That's a

big deal. And the bank owns the government debt. So if the government defaults on the debt, they're not paying you your pension or retirement. They're not paying the bank back, and then the bank can't pay you back. That's how that works. So it's a big deal. Should they continue spending when they can't already pay? Now? Again, what the Republicans are doing is saying we need to take the

spending all the way back to twenty twenty two. Last year, now, if I remember correctly, last year was pretty dang good. Like the world didn't end. We had social programs, like the roads were there. Like if we just held spending to where we were last year, does the world end? Is it that bad? Again? I'd love to hear from you. Hit me up on social media and let me know at one Mark Moss. But it's looking like most Americans

are starting to say they don't agree. As a matter of fact, they don't want to see the debt ceiling increased anymore. White House officials hint at possible short term debt deal to advert default. Potentially they might save the deal. New York Times say that meet the House Republicans who Democrats hope will defect on the debt limits. So now what the Democrats are doing is they're trying to get a couple of Republicans to switch sides and vote with them.

A long shot Democratic effort to force a debt limit increase to the floor hinges on at least five GOP defections. These House Republicans are considered likeliest. So now they're trying to literally get people to switch sides so they can ram this through. But like I said, I think it's fifty eight percent of Americans do not support a debt increase. But again, I'd love to hear what you have to say. Hit upon social media out one Mark Moss and let me know if you're just tune in you're listening to

the Mark Moss Show. Of course we talk about the decentralized revolution, the way the world is breaking apart from a centralized world to a decentralized world. A centralized world that's controlled by the US government, homogeny of the US dollar reserve system that is obviously falling apart right now, what comes next? A very decentralized world. I got a whole lot more to cover. Still, we're not done yet. We're going to talk about the chances the betting markets

are giving of a debt default. And we're going to talk about the big problem and the big solutions that we have to protect ourselves and our nation and the world. So we're gonna talk about all that in a minute. When I come back. You're listening to the Mark Maas Show talking about the decentralized Revolution. I'll be back with all that and more in a minute. Don't go away, I'll be he back. All right, Welcome back. If you're just tuning in, you're listening to the Mark Maas Show.

We're talking about each and every week, the decentralized revolution. Of course, the way the world changes through the lens of politics, finance, and technology. We look at it through those three lenses because it helps us to bring context and clarity understand to what's going on now. We're talking about the insanity of Brad Sherman's comments of the crypto bros printing money from thin air, and how he clearly doesn't understand what money is, or how it's made, or

what value is. But then the highlight of that the government can print money from the air and what that means. We talked about the debt ceiling, We talked about the potential debt default, which it looks like it's starting to really come to fruition. As a matter of fact, all markets are betting markets, and so what does that mean. That means when I buy an asset in the market, whether it's a house, well, maybe not a house, because

you might buy it for different reasons. But in the market, like the stock market, for example, if I buy an asset, I'm betting basically that the price of that stock will go up or I'm betting it will go down if I'm short selling it. Either way, I'm betting on a future valuation of that asset. So all markets are betting markets. Now.

The stock markets, where most people focus on aren't really the best markets to look at, not where professional investors look, those are trailing indicators that tell you kind of what happened. So then the next best place to look would be the bond market, and that's where professional investors look the debt of these companies and then the real market to look at. According to one of my good friends, my as brother, I'm talking about Greg Foss. He's been a

thirty year debt trader bond. He talks about the credit default swaps, the CDs market. Now, the CDs market is basically where investors will hedge their bets. They'll buy insurance against their position. In case the position crashes, they have money for that. It got kind of popularized, we'll say, in the two thousand and eight Great financial Crash, and it was really popularized by the book and then the

movie called The Big Short. And if you haven't read the book or watched the movie, I would highly recommend it. As a matter of fact, I'm probably due for watching it again. I read the book when it first came out. It was amazing. The book's always better the video. The movie's good. We had some big name actors, Christian Bale and forget all the actors in it anymore. But anyway, it's a good movie, probably worth watching again for myself,

but they really highlight what happened. And so an investor who is named in real life Kyle Bass, basically made these bets against the housing crisis, knowing that the housing crisis was going to fail, knowing that the banks owned all these mortgage backed securities, these nbs, and it was a big mess go through all that. But basically he went and started buying insurance against that using the CDs, the credit default swaps. Now, one thing about a CDs is that you don't have to own the asset to

buy insurance on it. So it'd be like if you owned a house on a flood zone. For example, I saw like a dam was about to break, I could go buy insurance on your house and if it got flooded, I would win. But you can't do that unless you own the asset. You can't buy car insurance or house insurance for somebody else. But with credit default swaps you can, and so that's really the best market. It's sort of like when they run like presidential election polls, the polls

aren't very accurate. The betting markets on who's going to win the pole is very accurate, and the reason why is because people are putting their money where their mouth is. They're putting putting skin in the game, so to speak. And so the CDs market, credit default swap market is that market. It tells us what's going on there. And the credit default swap market, the price of the CDs swaps are going through the roof, and it's pricing in that we're likely most likely to have and a default. Now,

when we default, there's two types of default. There's a hard default and there's a soft or a technical default. Okay, So a hard default would be where the government just doesn't pay any debt. Hey, sorry, we owe thirty two jrillion, forget it, we ain't paying. That'd be a hard default. That's not gonna happen. That will that will most likely never happen. The reason why is because no, no government with a money printer will do a hard default. They're

gonna print the money. As Jenny Ellen said, we'll have to print the money. We'll take on the debt right now. A soft or a technical default is different. If this gets delayed by one day and they squabble over it and it goes a day long, that's a technical default, okay. So it's pricing in a technical or a soft default, not a hard default. So don't don't get alarmed over this. That's not gonna happen. But like I said, this is

this is this is what's happening now. We're starting to see really a changing of the guard with this, and we're seeing a lot of distrust happening in the government regardless of what happens, regardless of the outcome of this whole debacle. Either way, it's eroded the trust and the confidence in the government, and it's exposed that the government the empire wears no clothes. It's exposed that your business campaign its bills. It's exposed that unless they continue this

Ponzi scheme, they can't succeed. And people are really starting to turn their back against the Biden administration because they're the ones running the show right now, and we're starting to see them, mainstream media even turning its back against Biden. We saw a poll that was run just this week and it shows fifty four percent of pose raising the dead ceiling, and interesting enough, Tidbit says that the opposition was stronger from those without a college degree. I thought

that was pretty interesting. You we think it would be the opposite. The college degree would be smarter, they'd know what's more going on. But I think the smarter people who went to college got indoctrinated and they think that it's just okay, we can spend forever. And that just kind of goes to show you how much college is act we teach you. Now, it's no doubt, No, it's not a mystery why the mainstream media and why people

are starting to turn their back on this. We can see in just two years of the Biden administration, a typical American family has lost over seven thousand dollars in purchasing power. Seven thousand dollars. What does that mean. Well, that means that let's say that you make let's just use easy numbers. Let's say that you make fifty bucks an hour. You may not make that much, let's just say you make that. That's one hundred and forty hours that you have to work extra just to have the

exact same quality of life that you had before. Now, if we divide that by twelve months, that's eleven and a half hours per month of your life that they have stolen just for you to maintain. So, if you had you know, a house, a car, you ate steak twice a week, You had, you know, one vacation a year, a bunch of kids, new shoes, you know, twice a year, whatever, whatever your standard of living was. Now, in order to have that exact same standard of living, you now have

to work almost twelve hours more per month. Now that's if you make fifty bucks an hour, if you make ten bucks an hour, Just do the math. That's still in your life. That's twelve hours that you could have put into the gym so you were healthy. That's twelve hours you could have put into your relationship with your wife or your kids so you could be a better husband, father, mother, or whatever. That's twelve hours you could have started a

new business, you could become financially free. Twelve hours you could have gone to school to learn your skill. Whatever it's your life. You do however you want, go sit on the beach. I don't care. The point is the government has taken that away by printing money, which is no wonder why home ownership affordabilities at an all time low. Of course, government spending, national debt as at all time high. Now we do have a solution to this, and of

course that's bitcoin. Bitcoin is a finite amount, no more than twenty one million bitcoin, whatever it be mine. Now there it is. You can break down. Just like a dollar breaks down into one hundred cents, a bitcoin breaks down into a hundred million SATs. So there's plenty to go around. But the fact is that nobody controls it, and nobody can create more of it, like the Federal

Reserve does with the dollar. In addition to that, if I want to hold it, not only can they not print more of it to steal my value a way that way, they also can't take it from my bank. And if I want to send it to you, nobody can censor that. Nobody can stop it, blocking or prevent it. And so while this is bad for America, While this is bad for Americans, and it's bad for the whole world holding dollars, it's bad for the whole hold everyone gets caught up in this. It's not it's not something

to cheer. It is bringing attention to the insanity of the Ponzi scheme that's the United States. It's bringing attention to the insanity of Jenny Yellen of the US Treasury and the Fed roome pal and it's highlighting that we have a solution. It's sitting there right in front of us, the Bitcoin network. And as the trust, as the confidence continues to become eroded, people will be looking for solutions. Now.

This happens a lot faster in other countries like Lebanon, or Turkey or Argentina Venezuela, where they're having double triple digit inflation. But it's coming, it's coming. That's what this debt ceiling is showing us. That's what Janet Yellen just said. We have to continue to take on more debt if we want to continue to paying our bills, So that means more money printing ahead. That means more loss of your purchasing power, That means higher prices, and it only

accelerates the law of diminishing returns. And so we have bitcoin. Thank god for bitcoin. You're listening to the Mark Mass Show. We've been talking about the insanity and the unsustainability of the debt crisis and the solutions that we have. That's what I got. Thanks so much for listening.