The Crack-Up Boom

the intersection of those three things. So you can really understand how bitcoin, cryptocurrencies and how this decentralized revolution is moving through the world house changing the world, UM, how you should be interacting with it, how you should be adjusting your portfolios, and so much more. Now, this week, I got a lot of stuff to cover, and I want to cover some stuff that's completely shocking to me.

And uh, maybe it's shocking to you. Well, maybe it's not shocking to you now, but it will be by the time we are done with this. And I'm talking about the United States Treasury Secretary. I'm talking about Janet Yellen, the Treasury Secretary of the United States, the person who runs the money for the United States, comes out and says, quote, I was wrong. I was wrong on inflation. I didn't see it coming. Which is funny because for years myself and many others, I said if you do these things,

this is what will happen. Here. We are they're admitting they're wrong. UM, it's gonna be incredible for you to see this. Once I break all of this down for you, we're gonna get into what their plans are and uh if I think that's going to make things better or worse, um, some of the causes and more importantly, the effects that

people are dealing with. UM. And then I want to show you what's happening in some other countries right now, which really highlights exactly what's going to be happening here in the United States. And it's not good. But you're getting to get the upfront information before everybody else, so you can make the plans two you know, alleviate some of this for yourself, for your family, for your friends, et cetera. So we'll talk about that and uh, man, I got a lot to cover, so let's just go

ahead and jump right into it. So, like I said, this big headline I saw this week, Well, obviously the big headline we've been talking about for for a long time now is inflation. And we talk about inflation, and of course, now Mark, what do you why are we talking about inflation? How does that lead into bitcoin? Howsn't leading to cryptocurrencies. How does it how how does that part of this decentralized revolution. Well, he'll understand when we put this all together. Um, we have like a pendulum

swinging back and forth. The pendulum swings between centralization and decentralization on about a two d and fifty year timeframe, and so the world has been the pendulum is swinging towards centralization. Um. And that's led by central planners, where a few people in a room in Washington or in Davos think they know better than three d and fifty million people in the United States or eight billion people

in the world. These couple of people, these dozens of people, these central planners are coming up with central plans to centrally plan and centrally control the entire world economy, which should be decentralized. Because what I want, what I need, what I like, what my interests are are different than yours, and they change. We're humans. I love Anela ice cream all of a sudden today I want chocolate. I don't know why, I just do. That's how it works. Trends

go in and out. We used to like Neon colors, then we like Pastel's. Well, now Neon's back in right. Like things change, trend change, technology changes, new things come to creative destruction creates new things, and old things go away. The the the global economy is not like a machine that can be built, managed and ran. Instead, it's organic.

It's made up of people that all have shifting once needs and desires, and so it's it's organic and it's complex, it's dynamic, and so central planning always fails because of many reasons, specifically the information problem. There's not enough information that twelve people or a few dozen people can get to know what you're going to want in a couple of days, a couple of weeks and once or a couple of years from now, and so the markets have

to move organically. And so we're talking about this this we've had this swing towards centralization. It's obviously very easy to see that we're there. We have the World Economic Forum, the people in Davos that are setting UH basically the central planning for the entire world UH, the world like I'M Forum, backed up by the World Health Organization, the World Trade Organization. Of course, the i m F setting the banking policies for the world. The u N very

easy to see how this is playing out. Of course, they call them central banks that are essentially planning the entire uh in the entire economy for nations. So that's centralization. The pendulum is peaking out there. However, on a tune for your time frame, it it swings back. And so here we are. We can see this is failing. We can see it's real. It's being rejected. And I'm gonna break all this down for you today. And of course bitcoin is a new technology, this new technological revolution that

gives us what decentralization. So at a time when the world is ready to pivot back off of centralization because of all these problems, and I'm gonna walk through them here. Um, we're given a new technological revolution at the same time that gives us decentralization that will only speed this up. And if you can understand how all this comes together together, you can navigate it properly. So looking, let's just jump right into this. So Yelling says I was wrong last

year on the path of US inflation. Um surprise, surprise, surprise. Tactury Secretary Janet Yellen gave her most directed mission that she aired last week in predicting the elevated inflation wouldn't pose a continuing problem. She says, quote, there have been unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that have affected our economy badly that at the time I didn't fully

understand end quote. So there was unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks. Let's talk about this, Um I was wrong. Where they really unanticipated? Uh maybe anticipated by her? I anticipated them. I've been talking about them for years, and not just me. One of my favorite economists, uh Leadwig von mess from the Austrian School Economics told us this was going to be a problem a hundred years ago.

He called it the crack up boom, and he talks about when the government's go create a bunch of money, it starts to distort markets in a bunch of different ways, and we don't understand all the ways. And so to her point, you can't anticipate all the distortions in the market that will come from this, but we do know that it distorts the market, so we should anticipate a

bunch of problems down the road. Exactly how that fills in, we don't exactly know, but large octical economy that have boosted energy and food prices, and that's not necessarily something that they could have anticipated when you're looking at it from the Treasury or the Federal Reserve side, because these policies are being done outside of that. I want to break this down for you here in a little bit. She wanted to say that Yelling said that the FED

is taking the steps it needs to stem inflation. But what steps are those? How can they take steps to stem those inflation if the Fed and the Treasury don't have any control over that, but they're doing anything they can drastically to try to stem that. Because it says here public support for Biden on handling the economy has created with a surge in the cost of living, people are freaking out. People can't afford it. I'm gonna talk

about some of the pain that's happening. As a matter of fact, it's having drastic consequences that maybe I was I was surprised to see this number come on. Talking about that in a second. But Um says that Yelling noted that European countries have recently taken steps to limit their imports to Russian oil, a move that has caused global oil prices derived. So let's think about that. UM. I think any elementary kid that economics one O one supply and demand. So let's see if we need oil

for everything. Um, it goes into all of our products. UM, it goes into all of our transportation. UM. You can't get food at the grocery store without oil because the trucks needed to get there. It's it goes into all the products, etcetera. So we need it. Um, if you limit it or you get less of it, what happens? All the price goes up? Interesting? Um? So she said, yell, and know that European countries have recently taken steps to limit their imports, and so they're taking steps to cut

the supply. So again, what was econical one on? If we cut the supply but the demand stays there, what happens? The price goes up? Come on? Like come on? Really? So yes, that causes the oil prices to rise. Now going back to what was this earlier statement? Here says that yelling said the feed is taking steps or no? Or was it here? Oh? Uh? Quote unanticipated in large shocks to the economy that have boosted energy and food prices. So these are unanticipated large shocks energy and food price

those unanticipated. So like it says right here that um Yelling noted that European countries have recently taken steps to limit their imports on Russian oil. So is that unanticipated? She's saying that European countries are taking steps to limit their import of oil. She's saying that, Now, what would be the intended consequence of that. You're listening to the Markma Show. We're talking about bitcoin and cryptocurrencies. I'm gonna be back with a whole lot more in a second.

Don't go away, all right, welcome back. You're listening to the Markma Show. We're talking about We're talking about bitcoin, We're talking about cryptocurrencies. We're talking about the decentralized revolution. We're discussing the intersection of politics, finance, and technology, so we can get this all into context that we can understand. We're specifically talking about crazy high raging and for nation,

record level inflation and the panic that it's causing. It's it's causing panic both in households that can't afford food and energy anymore. You can't afoord gas in your car. But it's also causing panic across the leadership, specifically United States and the rest of the world because they realize, like, shoot, if we don't get this under control, we're gonna lose

the election. Right, that's what they care about. UM and uh, you know what what we're talking about that and so you can understand it and you can navigate it correctly. But what's interesting is this this uh, this week, it's it's the topic of the week. It's it's actually been the topic for a couple of months. I've talked about it quite extensively. But Janet Yellen, who's the head of the US Treasury, the Treasury Secretary, Janet Eellen, and she came out and said that I was wrong. I was

wrong about the path inflation would take. There was unanticipated shocks to the economy that boosted energy and food prices. There's anticipated. But then she said that, um, down here, that that it's she said that the European countries have taken steps to limit their oil of oil, and so how is it how is it unanticipated? When she said they're gonna limit their imports because wouldn't you anticipate that if you lower the supply while you still have the demand,

that would cause prices to rise. It's pretty insane. And they're saying I guess they're saying the quiet part out loud. I think maybe this is the wake up call that people need to go, wait a minute. These people don't know what the heck they're talking about. I mean, I'm a nobody operating on a mic here talking to you over the radio waves, and I told you this. Uh, Like I said, kids in elementary could probably tell you that if we still have the demand and you cut

the supply, what's going to happen. It's pretty simple. And of course she's at the forefront of that, not as you only at the forefront of that, knowing this in her own words quoting her um that European countries have taken steps to limit their imports of oil, and not as she's saying that. She's part of the she's part of the planning process. She's the one that gets together

with these world leaders and they're trying to curb climate change. Um. So it's not like she's just observing that is happening. She's the ones that in the policies for this top but I mean, it's just insane. And like I said, I think they're becoming acutely aware of this because I guess reality is slapping them in the face at this point, um, And it's slapping them in the face for a couple of reasons. One, they're realizing the massive amount of pain

that people are going through. They're starting to realize that their policies are actually having the opposite effect of what they want. But more importantly, here we are a couple of months away from going into a mid term election um in the United States, and they're afraid that they're going to get just completely shut down on the elections. I should say the Democrats side, who kind of controlling the government right now, they're afraid they're gonna get completely

wiped out. And of course it's not a big surprise to see that. As a matter of fact, a new poll came out this week that shows them if they don't do something drastic, it's going to be completely um horrific for them at the polls. I have a clip that I want to play that highlights just how bad this is. A matter of fact, it's it's maybe the worst that we've ever seen in history of the United States presidential Um. Politics. Let's go ahead and play this clip that we have. You can get an idea for it.

But we begin with the backlash over inflation and new NBC News polls showing seventy one percent of Americans disapprove of President Biden's handling of the rising cost of living and a lot of people won't like to hear this. Gas prices now reaching a new all time high four sixties seven a gallon, get this up five cents since yesterday, m M. Seventy one percent of Americans disapproved. It's a big number. Uh. It's the lowest approval ratings of any

US president in history. UM. Not a big surprise. UM, not a big surprise. I regardless of where you are on politics, this is affecting everybody because regardless of which political side you're on, you put us in your car and you need to buy food, and when you can't afford those those those couple of things, or when they're having a massive effect on your pocketbook, you are going

to disapprove, regardless of which political ideology that you lie into. UM. One thing that I'm starting to see and I'm sure you're all noticing this is that political sides are starting to just disappear, and whatever liberalism or liberals or left or democrats or right or conservative, I mean, those lines have gotten so blurred nobody knows what to think anymore. People that were on the left now find themselves on

the right. I have not really watched Bill Maher much over the over the last decade or however long he's been on, but I caught an episode of his the

other night. I was about two weeks old, and uh, I was watching with my wife and I was just like, can you believe this guy was like the mouthpiece for the left and the liberal but now listen to what he's saying, And it's just because everyone has got everything has gotten so distorted now, and it's like it's I think people are starting to see it's no longer here like this left versus right or conservative versus liberal. It's more like, um, shoot, whatever your politics are, you're mismanaging

the economy. It's affecting me adversely, and maybe a little bit less meddling in the economy and a little bit more freedom for me might be a good thing. I think we're starting to see that and we're seeing it in a big way. One. Like I said, they're telling us that we didn't understand this was going to happen. But I think we're also waking up to see that they don't have a plan to fix it because they can't.

And that's what I want to talk about specifically. I want to I want to break that down for you're gonna understand that. But we saw here um no short of trying. President Biden um met with the FED Chairman Jerome Powell to discuss, of course, inflation being at a forty year high. He affirms a quote laser focus on addressing inflation, but he's gonna let the central banks, the Photo Reserve do its work. He says that there's a growing urgency to ease rapidly rising prices that threaten the

US economy. Me but he promised to have a handsoff approach. Quote I'm going to I'm not going to interfere with the critical important work. So he's gonna let them do their thing. But the interesting thing here is that he says the FETE is trying to cool demand to moderate price pressures. But Mr Powell Joan Powell, the head of

the Federal Reserve has conceded. He's basically admitted that the central Bank's ability to do that without forcing the economy into a recession depends on developments outside the central banks control. Mm hmm. So he's he he wants to do everything he can, but he's conceded. He's admitted that the ability to do without forcing the economy into recession um depends on things he can't control. So it's basically not up to him, including quote global energy markets that have been

badly disrupted UM and supply chains. So the energy markets and the supply chains, and guess what they can't control those. They can't print more money for those. What they can do is they could get out of the way and they could help that. But basically, after this meeting, Biden says that quote no short term fix to high energy and grocery prices. He can't take immediate action to lower record gasoline prices. There's little administration could do to short

term lower high energy prices and food prices. So back to economics one O one. If you want prices to go down, what do you need to do? You need to increase the supply, right, not lower the supply. Increases the supply. I'm want to talk about that. I want to talk about these statistics that came out of these surveys that have blown me away, and I'm sure they're

going to blow you away as well. And I'm gonna give you a little, uh, a little analogies you can understand us a little bit better, and then talk about what's going on in the rest of the world, because what's happening over there is what's going to come here if we don't about face very very quickly. You're listening

to the Markma Show. We're talking about the decentralized Revolution, talking about how the world is changing during ben buy a new technology called bitcoin and cryptocurrencies, and really discussing it from the intersection of politics, finance, and technology. Talking today specifically about this crazy inflation that seems to have caught all the leaders off guard, but we knew it was going to happen, and we know what the fixes.

It's painful. I'm gonna come back and break that down for you and more in a minute, So don't go away. I'll being right back. All right, welcome back. You're listening to the Mark Ma Show. We're talking about the decentralized revolution. We're talking about the way the world is changing right before our eyes, driven by bitcoin cryptocurrencies, and we're talking about it today through I mean, you know, it's a it's political, it's financial. Uh, this is the way the

world changes. And so politics and finance are integrated together because of course it's the political changes, the political choices that change the markets. And we're talking about specifically the FED, the Federal Reserve, and the President. So the politics the president by getting together with the FED, that's economic policy. And I stay, it's getting together and trying to figure

this out. But President Biden warned there's little the administration can do in the short term to lower high energy and food prices. So those are the two problems, energy and food. So let's just talk about those for a second. So again, economics one oh one, supply and demand. If you have more supply and less demand, prices go down. If there was if there was ten houses for sale but only one buyer, what would happen. The prices would come down. If there was ten buyers but only one

home for cell, the prices would go up. They would be bit up. So, um, we have a problem with high energy and food prices. Those are the two energy and food. So if we wanted to lower energy prices, what would we do. Well, I guess there's two ways. One we could increase the supply, or two we could lower the demand. Now the Fed can do something about that, because what they can do is they can crash the economy.

So you can't afford to travel, you can't afford to drive your car, you can't afford to buy things that need to be trucked in, and so by crushing the economy and making you broke, they can take away the demand side of the energy equation. That's the one thing they can do. That's the scary thing they can do, and they could do that immediately. But in Jerome Powell's own words, which I read earlier before the break, he said that we can see the central banksability to do

that without forcing the economy into a recession. So if they forced the economy into a recession and take away all your spending power, then you will use less energy. So that's one way to do it. It's not a good way, but it's one way. The other way that sounds much better is how about don't force the economy into a recession. How about don't take away your spending power. How about you just increase the supply. Wouldn't that be nice?

So they could do that. But in in this point here that Biden says that he can't take immediate action to lower record high gas prices because it doesn't happen immediately. So remember I talked about this extensively. The very first thing, the most important thing President Biden did the very first day in office by executive order, not through any any

form of voting. But the very first thing, most important thing, was to shut down the energy shut down the energy pipelines, shut down all the gas permits, the drilling permits, and so he took away the supply day, one most important thing he had to do. And so what happened. So if he wants to bring more supply back, the government doesn't need to do anything. What they need to do is just get out of the way. What he needs to do is just roll back these rules and regulations

that he put in place. What he has to do is allow the pipeline to start working again, allow people to drove for oil and gas, bring more oil and gas onto the markets. So we can do this. Now, this whole issue with Russia. UM. One, they could drop the sanctions to one or two. They could continue to sanction them if they want, sure, but then bring supply back on. In other places, there's only two levers, supply and demand, but they seem to be focused on the

the demand side. Again. I'm gonna read it again in case you're not catching here. Powell has conceded that the central banks ability to do so without forcing the economy into a recession. So if they force the economy into recession, they can take the demand down. UM. Now that sounds far fetched. But over the last week, the powers that be were meeting in Davos, Switzerland. Every year they fly their private jets to Davos to decide the fate of the world. UM and UH. Lots of measures on reducing

your will call it your uh well being. You're flourishing your standard of living, that's a better way to put it. Uh. They just want to talk about taking away your standard of living to achieve their agenda. So they flew their private jets there and they were talking about putting a measure in place in the UK where you could only drive nine miles a day. You can only drive nine miles to day. Now, if you live in in New York City where you have the subway, I guess that works.

But like where I'm at in the southwest side of the country, Like, good luck getting around without a car, right, So if I can only drive nine miles a day, well, most people in l A don't live in l A. They commute. Some of them commute fifty sixty miles a day. How what happens if you only drive nine miles a day. So they have these like crazy ideas, and they could definitely limit the demand for energy, and I guess that's one way to fix it. But the problem is to

the point here is that there's no quick fix. And the reason why is because these takes years to happen. So if he magically waved a wand and said, okay, fine, you can start investing into energy again, these companies can now put money into exploring and finding new energy and and getting new wells going and all these things. It doesn't happen overnight like this could take years to happen. Okay,

what about food? Food is the same thing. So, for example, the we have lots of problems that lead into these food prices. But for One of them is that the United States pays farmers. They subsit as the farmers, and they pay the farmers to not grow crops on a large portion of their land. Now why would they do that, Well, they do it because you know the climate and uh, if they if they if they don't, if they don't

plant here, then somehow it can save the climate. Apparently. Now, okay, you know, because apparently the temperature of the earth could go up by four degrees over the next you know, hundred years, which have you ever been to Arizona? Going up by four degrees doesn't seem like the end of the world, especially over a hundred year of rain, when today we have people that could potentially starve the death.

So the farmers went to the government. They said, please let us plant on this we can help alleviate this food. And they said, no, no, you can't do it because it doesn't fit within our climate goals. Now, even if they waved a magic wand and said, okay, fine, we need more food. We need to alleviate to this point food prices, so we need to bring more food onto the market. Go ahead and go plant the food. Well,

we already missed the plant for two. If you don't plan it, you can't if you don't, so you can't reap it. So now we have to wait for the plant. That means we don't have any more food. So I mean, even if they may wave a magic want today and reverse this, we're still a year and a half out, which is why Biden says there's no short term fixed

too high energy prices um. He says, quote, there's a lot going on right now, but the idea we're going to be able to, you know, click a switch and bring down the cost of gasoline is not likely in the near term, nor is it with regard to food. These policies that they've put in place have caused these problems. The only way to solve these problems is to reverse

these bad policies they put into place. But to the point he said, we can't click a switch and bring the cost of gasoline and food down because it's going to take years to get us out of this. So that's why he says, quote, we can't take immediate action that I'm aware of yet to figure out how we're going to bring down the price of gasoline back to three dollars a gallon. End quote from President Brighton. But they actually have another plan, this one. This one's great.

But what we can do is compensate by providing for other necessary costs for families by bringing those down. What's their idea on that. I'm gonna tell you, and you're not gonna like it, and neither do I. You're listening to the Marketma Show. We're talking about bitcoin, cryptocurrencies. We're talking about record inflation and how centralization is causing the problem and decentralization is going to be the answer to that. I'm gonna come back with that and more in a minute.

Don't go away, all right, welcome back. You are listening to the Markmas Show. We're talking about the decentralized Revolution each and every week, talking about how bitcoin and cryptocurrencies are changing the world and specifically how the world is

at peak centralization and swinging back to decentralization. And we're talking about some of these problems that this peak centralization has caused, specifically central planning of course, centralization, central plan and I was talking about this this craziness of how they can't they can't figure out a way to solve the energy and food inflation problems. The prices of energy and food have gone astronomical. There's no easy fix. Of course, the easy fix not the easy fix. But the fix

is to increase the supply. There's that doesn't doesn't doesn't happen immediately, and it's not easy because it goes against their ideologies. Now, they do have a short term fix that I think maybe you would win them a little bit of points in the polls, but it's going to have drastic long term effects. And uh he says quote here, Biden says a quote. But we can compensate for these high prices by providing for other necessary costs for families,

by bringing those down. He said taxes could be increased on corporations and the wealthy to help pay for deficit reduction and provide relief or families. M hm. So what he's saying is we should rob from the rich to pay for the poor. We he said, we could increase taxes on corporations and the wealthy to help pay for the families, to provide relief for families. It's called wealth. Uh well, wealth confiscation, wealth redistribution as a way they'd

like to do it. Now, Okay, I mean that's that's sure. That's one solution, Like I said, another solution, who is just destroyed the economy, so nobody there's no demand, nobody can nobody can go anywhere, nobody needs to buy food, nobody needs to buy I guess they could just kill everybody too, right, I mean there's a there's other solutions

as well. Um. Or we could solve it easily by just letting the free market work and letting people just bring the supplies back, like the farmers that are literally begging the United States to let them grow more food and they say no, So we could just do that. That would probably be the best I'm saying that sarcastically,

of course. Or what we could do is since since the prices are going so high and it's affecting the poor uh more, which which is true, and of course it's always the the lower income that are adversely affected the most because the food energy makes up a larger percentage of their budget. So rather than just how about letting the market's work and bring the cost of food

and energy back down? Um. Instead of that, what would do, Let's just steal money from the more wealthy people, and that way we can provide relief for some of the low income people. How do we do that. I guess they're going to start new forms of welfare or something like that. I mean, it's just insane. It's just adds problems on top of problems on top of problems. I guess that's the way they want to do that, the way they want to cure it. But ultimately they have

no plan. Um that's the big problem. There's nothing they can do about it in the short term. And they're basically conceding that they've these these mistakes. They didn't anticipate them. They're saying that out loud, um unanticipated shocks, which we could have told you. But let me let me explain this a little bit differently. So let me use an analogy which I've used before. Uh, First of all, money is not wealth, right, money helps us acquire wealth. Money

measures wealth. Wealth is goods and services. And I use this analogy all the time. If I was on a deserted island with no boat, no phone, no food, no water, no way to get off the island, and I had a billion dollars of cash, a billion dollars of gold, a billion dollars a bigcoin, had all that three billion dollars, all of that is worth nothing to me. Now, if there was one guy on the island and he had a bunch of coconuts, that he would be the richest guy,

not me. With three billion dollars, he would be the richest guy. Now, what if I said, hey, guy, I'll give you three billion dollars for your coconuts. He would say no. He would say no because what does he want three billion dollars for. He wants food, he wants water. Right, it's good. Money is a medium of exchange. All money does is allow me to exchange one good for another. So in the old days we had barter. I trade you a chicken for a If you don't want my

chicken or goat, we don't have a deal. So the money is a medium exchange. It allows me to exchange my chicken into this money and then use that money to go buy the goat later from somebody else. So all it does is facilitate trade. It expands this barter network because what we really need is we need to exchange a good for another good. And so this guy with the coconuts, he doesn't want the money because there's nothing for him to turn the money back into later.

Now if he thought he was getting off the island. Maybe he'd take the money. So instead of saying, hey, i'll give you three billion dollars, what he would probably take an exchange is if I can go catch a couple of fish. Now I'd say, okay, great, I'll trade you those fish for my coconuts. Maybe I go build him a hut. So now he said, okay, I'll exchange your hut or your labor for those coconuts. So he wants a good for good. He doesn't want the money.

And this is why the Federal Reserve and the central banks and the central planners are powerless to stop this because all they can do is print more money. But more money isn't what the world needs. The world needs more energy and more food, and more money doesn't count. We can't eat the money. We can't eat the money, right, We need the energy, we need the food. Now think about it like this. So the United States over the last fifty years has basically outsourced everything. We've gotten rid

of our entire manufacturing based. The United States used to be a manufacturing powerhouse. The United States today doesn't manufacture, well, hardly anything. What the United States does mostly from a globe from from from a countrywide level, from macro level is we have services. The United States provides services. So most of the US is services. So that's the Facebook, the Apple, the Netflix, the Google, the fangs um and

the majority of our services are financial services. We export our financial markets, we export the dollar to the world, and we export financial services. But as it turns out, people need food and energy, not financial service. Financial services are great, but at the end of the day, we need food and energy. So we have the United States with Facebook, Apple, Netflix, Google services, and we have financial services,

and we have financial markets, and we print dollars. And then you have a country like Russia who grows food. Of the world's wheat supply, uh, they make steal between Russia and Ukraine, they have six of the world's neon supply. What do we need on for? Oh, making microchips, um, they make they make gold, they make oil, they produce oil and natural gas. Turns out we really need those things. And so the US has a bunch of money and Russia has a bunch of stuff, a bunch of things,

a bunch of commodities. But what good is a bunch of money if there's no exchanging for it? And so Russia has wealth. Now the US could have it, right the US. We have The United States is a very unique piece of land in the world. The United States is probably the best piece of real estate in the entire world. We have the best climate. We can grow an unlimited amount of food. We have energy, we have oil, we have natural gas. China, on the other hand, doesn't China.

They don't have good land. They can't grow cross like the United States stuff. China doesn't have energy in China like we have. They have to import at all. But but the US has it. We can grow the food. The farmers are begging the administration to let them grow the food. They said, no, we have the oil, we have the natural gas. But Biden's first day in office was to shut it all down. We can make things, we can invent things. All we have to do is allow people to do it, and so to buy too.

To yell It's point, we were we were caught off guard. We didn't anticipate this. Well, we anticipate it. And Biden's point about look, there's no easy fix. Well, there's not an easy fix because even if they reverse policies today, it's going to take a year and a half two years for us to start to reap the rewards of this. So here we are. I hate to break it to you.

The best thing you can do is try to protect yourself. Uh. The stat I was going to talk about earlier, I'm kind of running out of time here was of people pulled said that they now have to delay their retirement. Pretty sad Americans have to delay their retirement. Um, that's how bad the food and energy is hidden Americans. So hopefully that makes sense. Central planning always fails because they make policies that they don't have the information. The free market,

the decentralized market could free this up. And yes, bitcoin fixes this. It fixes it because it fixes the money. It decentralizes the power, decentralizes the decision making capability, and takes away the ability to these central planners to make these silly central policies that are affective us like this. You listen to the Mark Ma Show, We're talking about bitcoin, decentralized technology, the decentralized revolution, talking about money, energy, and

politics and how it all works together. Hopefully that made sense. That's what I got for you today. Thanks for listening.