So the big question is this, how do investors like us get access to the ideas, information, and most importantly, the right people that give us the tools and information we need to make informed and educated decisions to have success. That is the question, and this podcast will give us the answers. This is Mark Moss, your host. Let's get this started. Hello everyone, and welcome back to another episode of the Market Disruptors podcast. Today, I am in the
studio with you alone. I don't have a guest today because there are some things that I wanted to talk about, um, some big things that we've been talking about on the Market Disruptors YouTube channel, and some things that have been in the news that I wanted to talk to you about today, and I just didn't have the right guest to bring on. So I thought, you know what, I'm just gonna go in there solo and we're gonna talk
about a couple of topics. And what I want to talk about today is I want to talk about the history of money. I'm not gonna go super deep into this, but coming from we're gonna go look at the transition from when Britain was the world's superpower and passed the baton off to the United States, the US dollar took the reserve status of the entire world. How that transition took place, because that's super important to understand how that happened.
The reason why it's important to understand how that happened is because we have a very similar situation happening right now today. And if you don't understand what happened the last time, the signs that you're seeing today don't make any sense. And we're in a situation today where we're seeing the exact same things, and we're in a big transition period right now in history. I don't think most people really understand how transitional this time period is that
we're in right now. I believe that in the future, a hundred years from now, people will study this time period to think about how interesting it was. I mean, they're going to look at this and just think, what the heck was happening? Um, But we're living through this. We're living I mean right now we're in fifty years into a monetary experiment. Fifty years. I mean, we have five thousand years of history where basically gold was money.
We're fifty years into this monetary experiment. And the crazy thing is that we're only fifty years into it. But because the history hasn't really been taught to everybody, people don't understand this. They think this is just the way it is, but it's not. And so I think in a hundred years we'll look back at this period and think how crazy this is. Now. I don't want to drag this on too long, so I'm gonna try and get through this pretty quickly. I'll give you the cliff
notes version of this. And so basically, um, the United States is the world's superpower. The United States dollar is the reserve currency of the world. What that means is that the US dollar basically runs the world. We have all the assets of the world, gold, oil, et cetera. Are priced in US dollars, and when countries want to trade between them, they have to trade into dollars, so they trade from their local currency to dollars and from
dollars back to the next local currency. So everything goes through the dollar through the Swift system. If you've ever sent a wire, you know what the swift code is. You understand what the Swift system is. Um, it's the banking system. So all the money goes through the Swift system. Through the Federal Reserve, and the dollar managed to maintain
its power because of this. Because this dollar maintains this status, it allows the United States to get away with things that other countries cannot get away with, like inflating their currencies. But before we get into that, let's go back in history just a little bit. I'm gonna catch you guys up on this, all right, it's super interesting. Hopefully hopefully you guys enjoy this as much as I like it. Maybe I'm just a history nerd. But if we go back, so the U s is the is the superpower of
the reserve status of the world. But it hasn't always been that way. So before the United States, it was Great Britain. Before Britain, it was France. Before France, I believe it was um Spain, and it was Portugal. So going back to the four hundreds, we've seen it just switch over and over and over Portugal, Spain, um France. And then after the Napoleonic Wars and went to Britain. Britain became the world superpower. The sterling was the reserve
currency of the world. And what happened is right around World War One, Britain was running out of money. Britain needed money to fight these wars. And what they did is they began to take on debt. They began to borrow money. They went from a credit or nation to be started to become a debt or nation. And the United States was happy to become the creditor nation at that time. And so the United States and the banks JP, Morgan, etcetera. Started loaning the British money um to fight the wars,
to supply weapons, etcetera. And as more and more debt was accumulated, of course, as you would imagine, the worst shape that the country became in. And at the end of World War One, at that point, now the sterling was so weak, Britain was under so much debt that the dollar. Now the US became a creditor nation. We know, and we know that the borrow a servant to the lender, so to serve the servant the borrower. Britain was now in a bad situation. And now the United States was
in a creditor situation. They had power, The dollar had power. The dollar now was challenging the sterling for reserve status in the world, all right, but it didn't just take it over. It became, it became to the point where it could challenge it. And now we saw kind of the sterling and the US dollar kind of sharing this reserve status, all right, and over a period of years and years and years, we saw it go back and forth,
back and forth. The reason why this is important to understand is because a lot of people think that the US dollars and is a lot of people may think it's going to be here forever. We know from history that nothing lasts forever, and it's eventually going to change. And then a lot of people that do think it's going to change are waiting for that one big thing to happen, the one big thing. But it's important to understand that it's not one big thing. Most things in
life aren't one big thing. It's about the small things that happened over a long period of time. And so when we look back when the baton was transferred from Britain to the United States, we can also see this that it happened over a long period of time, all right. So the sterling got weak, the dollar got strong, um the dollar now is challenging Britain for reserve status of the world, for the world's superpower. Position, and then king
World War two. Britain wasn't recovered yet, they couldn't handle World War two. Well, now both the United States and Britain, we're going into debt. Both of them were over extending themselves to go into World War two. But luckily for the United States at the time, gold started flowing to the country. As the United States was exporting supplies, gold started flowing back in. So the United States was able to come out of this because it had enough exports
to bring money back in. And at the end of World War two, Britain and the Sterling were just in too bad of shape. The United States came out ahead, had stockpiled a bunch of golden assets, and in NT four at the Breton Woods Agreement, it was basically a done deal. The world got together. The world, the biggest of the countries of the world got together, um in
the United States. They signed this Breton Woods Agreement, which basically said that the United States would become, you know, the reserve currency of the world, and they would hold the gold, and they would keep US dollars pegged to gold, and they would always redeem thirty five dollars for every one ounce of gold that was the agreement. That's what everybody agreed to. And then all the countries of the world started sending their gold over to the United States.
The United States held everybody's gold. They printed dollars, and they kept it at thirty five dollars for one ounce of gold. That was the deal. But what happened that was over a period of time, five years, ten years, twenty years goes by. Well, the United States once more dollars, but now they can't because they're supposed to be pegged to thirty five dollars for each ounce of gold. But they did anyway, and they printed more dollars, and they
printed more dollars, and they printed more dollars. And the agreement was is that they would the United States government would always redeem dollars for gold. So anytime somebody came, they would accept their dollars and give them their gold back. And as the country's as the other countries became aware of what was going on, that the United States was inflating their currency. Right, when they inflate their currency, that means they print more, they increase it, they increase the
amount of currency out there. It devalues, it devalue it takes the value away. Think about that. Inflation takes your value away from it. It It makes your money worth less. So as the United States started increasing the money supply, inflating the money supply, it was devaluing the currency. And so these other countries knew what was going on, and they're like, why do we want to hold this these paper dollars that are worthless. We're gonna go get our
our gold back. So they would bring in the United States. They had cash it in, they'd take the gold, and the United States was fighting really hard to protect this peg. And these countries knew what was going on, so they kept coming to redeem their gold, redeem the gold, and the United States lost a lot of money trying to protect that gold peg, or they gave up a bunch of gold. Now we don't know how much. The FED hasn't been audited. I was sure would like to know.
I know Ron Paul, who has led the charge on that for a long time. Sure we'd like to know. But in my guess, I bet that the FED Fort Knox does not have the amount of gold that they say they do. I believe they've given up a lot of it trying to protect that gold peg. And finally what happened is they had protected that peg. They gave up so much gold to where they couldn't give up anymore. And finally President Richard Nixon nine seventy and enough, enough
is enough. We are not protecting the peg anymore. It's done. And that's the day that the United States defaulted on their debt. That's when they bankrupt. Right, they gave out dollars to people who took those dollars in exchange that they could always go back and get the gold. Now these countries are left with worthless paper that are not exchanged for anything. The United States defaulted under debt, became bankrupt in nineteen seventy one, and we're living in this
post bankruptcy world now today. All right, so now the US dollar is bankrupt. Now, no one's going to exchange it for gold. Well, why would anybody want to hold it? Now? What's going to happen? Right? Why would they do that? Well?
The United States had to make the next the next step, so that by nine seven, before the energy we had this energy crisis is oil crisis that was going on, and Henry Kissinger from the United States went to Saudi Arabia, which was the number one oil producing nation in the world, and said, look, let's make a deal. You price all oil in dollars. Make sure that all oil is pricing dollars, all oil is trading dollars, all with a solding dollar dollars, and we will have your back, The United States will
have your back no matter what. That was the deal, And that was a pretty secret deal. As a matter of fact, most of this details didn't actually come out. And tell two thousand and sixteen, if you can believe this, and that was the birth of the petro dollar. So gold went from being packed backed by gold, dollar dollars backed by gold, and now the dollar is backed by oil.
This is the birth of the petro dollar. Now, as long as Saudi Arabia is the leading oil producing nation in the world, and as long as all oil is priced and sold in dollars, then the United States can continue to have its rain, all right. It continued to have you know, the banking system, the swift banking system,
all the banking settlements, etcetera. And then of course the United States can rule the world and we can slap sanctions on any country that doesn't bend to our will right, you hear about that now with Donald Trump and Iraq and Iran and sanctions against Russia, sanctions against Iran, oh, now, sanctions against China and sanctions, sanction sanctions. So basically we're penalizing them using our financial system, basically turning the dollar
into a weapon, weaponizing the dollar. And of course you can imagine the countries don't like this. They don't like getting slapped on the hand all the time, sanctioned sanctions, sanctions, right, and eventually they're just tired of it. And you know, if you kick enough people out of the financial system, if you keep if you kick enough people out of any system, eventually you find yourself on the outside. And the United States has continued to push people out of
the financial system. And this has happened over a long period of time. Now not only have they done that, they've the United States to become a debt nation. Right we went from having gold stock piles and become and the world's superpower, a credit or nation, to now being a debtor nation. As a matter of fact, right now, we're over twenty two trillion trillion dollars of debt. Over the last ten years, more debt has been accumulated to the national debt than all of history combined. That's how
bad we are. That's how bad the debt, the debt has gotten. We have over two hundred trillion dollars of unfunded liabilities. That means liabilities, that's money that we owe right now, but they're not funded. We don't have the money for that two tillion dollars. I believe in the next couple of years, the interest on the debt will be more than we can afford to pay. Just the interests we can't pay. The interest and interest rates are at all time lows. When we have financial crashes, they
lower the interest rates to try to goose the economy. Well, where are they going to lower them too? Now? The interest rates already so low they can't there's no room left. And even at these low rates, we won't even able to afford the interest and by which is only about ten eleven years away. They say one hundred percent of income from taxes, which is where we get then come from, A hundred percent of income is going to go to senior citizens, It's going to go into medicare and medicated
some security, things like that. A hundred percent will just go to that, what about welfare, what about the military, what about all these other things? There's not gonna be any money left for that. So that's where the United States has gone to in just such a short period of time. And the reason why it's important to understand this is because you need to see the signs that are happening now. With the dollar being weaponized and slapping
sanctions and sanctions and sanctions. People have gotten tired of this, and as we've kicked more people out of the financial system, they've had to find a way to work in their own financial system to create a financial system outside of the United States. In addition to that, what's been backing the United States dollar was oil in Saudi Arabia is no longer the world's super power of oil. As a matter of fact, the United States produces enough oil to
be energy independent if we want to do. But of course, if we don't buy oil from Saudi Arabia, who will. Russia produces oil, Venezuela produces oil, Iraq produces oil, Iran produces oil, and on and on and on. And if you want to know really what gets to the root of all the wars going on in the Middle East, just look at the oil. It's all about protecting the dollar. Everything is about protecting the dollar. And Iran is producing oil, and we don't like Iran. Why don't we like Iran?
Could have something to do with them producing oil and selling it to Russia and China. So in two thousand and fifteen, China, Russia, and Iran started trading oil outside of the US dollar. They started doing it, and then Chinese you on. So now they're doing business outside the US dollar. Okay, well that's bad. Um, China is a really big economy, Russia is a pretty big economy. They're trading outside the US dollar. The US dollar is losing its rel vent. It went from a hundred percent of
settlements to six fifty percent. Right, it's going down and down and down. So now China, Russia, Iran, they're all trading outside the US dollar. They're trading oil outside US dollar. Now China is doing their own goal oil backed futures and derivatives and things like that. All right, and that's bad. And this has been going on just for a couple of years now, and it's really been undermining the US dollar.
And again, if you want to look at at the wars, all the wars are around this oil, right, it's around protecting the dollar, it's around protecting Saudi Arabia. And then this is the big piece that dropped. All right, this is the big news. Um. The Swift system is the way that money gets moved around the world. Right when you go to wire a money, when you go to wire money at the bank, you have to have a
Swift coade. It's your swift. The Swift system. Well, there's been a new system formed to rival Swift, and it's called Instincts and it was put together in January of two nineteen. And this is for the EU, for the EU to be sending money on their own system, and it just went live about two weeks ago. So now, as of two weeks ago, the EU, Germany, France, Britain and Russia, China and Iran are all trading in their
own financial system. Now think about this for a minute. Now, we know I already said, right China, Russia and and uh, China, Russia and Iran were already doing this for now four years. But those were our enemies. Okay, that's our enemies. Now I'm talking about our allies, our friends, our closest friends are closest allies, Our closest allies now are trading with our enemies, all in their own system in the United
States on the outside. All right, the pieces have been dropping for thirty forty years, but they're continuing to escalate. Its continue to get more and more and more. And in the last four to five years, the US dollar has lost so much of its power, and it continues to lose its power. And now just as the last two weeks, this was a massive piece that dropped. Now, what are we seen in retaliation for that. Well, when you look at Donald Trump and and threatening tariffs with China,
trade wars, this this is all about the money. This is all about the money. These are currency wars. The United States is trying to maintain the world reserve status. It's trying to keep the dollar in power, and it's under all types of attacks, a lot of it, well most I guess all of itself inflicted, right, I mean, if they would have kept the dollars strong, everybody would have still loved it. When the dollar went bankrupt and they rejected redeeming goal in nine, it all fell apart.
They've kept it under forced through oil, but now there's so much oil, and there's other renewable energies that it's not as big as the deals anymore. And then when you've kicked all these people out of the financial system, they've had to find another way. Right. You just add all those up and now we have technology. So now now money, the US dollar is under attack from bitcoin, it's under attack from stable coins, it's under attack from
other cryptocurrencies. And they get this. They get this. They haven't they haven't got it, but they get it now. And we know this. So last week, on the same day, the President of the United States, Donald Trump and the FED Chair Jerome Powell, both tweeted about bitcoin, both of them on the same day. Imagine ten years ago, bitcoin wasn't even a thing. In ten years, it's gone from a magic internet money to only being used by criminals
to being a scam. Jamie diamond says it's a scam. Um. And now the President of United States and the FED chair are both talking about at the same time. Now they said different things. The FED Chair Jerome Powell said that, uh, he was asked and he said, well, um, I don't think it's really a threat. It's too small to be considered a threat, right, Now, however, I people look at it like a store of value, like gold. Wow, what an endorsement for bitcoin. That's exactly what we say. It's
like a store of value. It's like a store of value. Now, the FED Chair Jerome Pale is basically calling it that we couldn't have had a better endorsement. Bullish, extremely bullish. Then the President of the United States goes on to say that he doesn't like it. He doesn't like bitcoin, he doesn't like cryptocurrencies. Um. He goes on to say that if Facebook, Libra wants to have their own coin, then they need to have a bank and they need
to get their own banking charter. And then he goes on to say that the United States dollar is the only currency, and it's the best, and it's the strongest it's ever been. That's what he said, the strongest it's ever been, which is pretty ironic considering that the FED chair just said a few weeks ago at the FMOC meeting that the economy sucks. Basically, they can't get the inflation they want. They said they can't get two two percent inflation. But all the prices I pay have certainly
gone up by two percent more than two percent. Anyway, they can't get the inflation of two percent, So what are they gonna do. Well, let's print up the money again. Let's fire up the printing presses. Let's uh start the quant to be easy, and let's lower the interest rates, and let's try to goose this economy again, because it's not good. Now, what what happens when they print more money?
It de values it. And just think about that. Inflation devalues when they inflate, when they make more money, it takes the value away from your money. So Donald Trump saying is stronger than it's ever been. In the meantime, the Fed's printing up more money. In the meantime, Donald Trump and all the other world leaders are in a fight to see who can devalue their currency the fastest. That's what they're trying to do. They're trying to devalue
their currency the fastest. But yet he's tweeting saying it's stronger than it's ever been. It's not every time they print more money, it's weaker and weaker and weaker. Are unfunded funded liabilities are making US weaker and weaker and weaker. The loss of the US dollar in the world market share is making us weaker and weaker and weaker, and they get this about what A month ago, um Reet Brad Sherman from California was speaking to a committee and he said, we need to make it illegal for U
S citizens to own cryptocurrencies. Wow, that was pretty heavy. And he knows why. And he said, the reason why is because these bitcoiners, these crypto people believe that it undermines or takes the power away from the United States government and it limits it. It's a national defense problem, and it will limit our ability to slap sanctions on countries like Iran. He said that, like Iran. So imagine if you're Iran and you're listening to that, you're like, really, wow,
thanks for giving us that play by play. Now we're gonna go buy as much as we can. Right. But he gets that, he knows that when people they know that the US dollar cannot compete, it can't compete against a better form of money, and their only option is force. That's it. That's the only option. But it's a word that they can't win. Now, Oh, that was a little bit history lesson for you guys, going back all the way into our current events, look at what this trade
wars about. Look at what Trump and the other world leaders are doing. Look at the look at the language. They are racing to devalue their currencies, take their value away from you, to steal your value from your money. They're the Fed is lowering rates, They're inflating the currencies. They are doing quantitative easy and which is basically buying
the bonds because nobody else will buy the debt. And there and and now that you see this happening, compare that to the story that I gave you of how the United States took over power from Britain, went into debt fighting wars. It gave up power to the credited nations. Now we're fighting and never ending wars. We've taken on more debt than we can and we can take on, and we're giving up power to the credited nations. The same things are happening. It doesn't happen with a bang,
It goes out with a whimper. All right, that's what's happening. That's what's going on right now. I don't think we could have a more bullish scenario for bitcoin and cryptocurrencies. There's never been a bigger use case or knee case for it. A lot of people say there's no use case. Well, I think they need to open their eyes. There's never been a stronger use case. There's never been a stronger need.
There's never been a more bullish case. There's more positive things going in the world to make this a reality than ever before. And it's happening. It's happening right now. It cannot be stopped, it cannot be blocked, it cannot be prevented. Bitcoin is censorship resistant, it's immutable, and it's permissionless. Facebook is having to get permission right now. Bitcoin doesn't need permission. It doesn't get permission. So I'm a bullish hopefully you guys are bullish. Um, I'd say it. I'm
gonna wrap this up. This is an episode I did by myself. Let me know what you guys think. If you guys want me to do more episodes by myself, I will bring some more of this good content. Or if you like the interviews, let me know. Either way, I would love it. If you just take a second, please go rate and review this and let me know what you think. Drop me a note, tweet to me please. Number one Mark Moss on Twitter. Number one Mark Moss and that's it to your success. I'm out. Hey, you
like this episode of the Market Disruptors Podcast. Please help us take this to the top of the podcast charts. Just please do me a favor and rate, review and subscribe. Taking fifteen seconds to just leave a quick review goes a long way and helping us reach more people and disrupt more markets. I really appreciate you listening and I'll see you next time on the Market Disruptors Podcast.