The Dollar's Reserve Status: What You Need to Know

talk about a lot today. We have a lot to cover. There is lots of news going on about the dollar losing its reserve status in the world, lots of talk about Saudi Arabia joining the bricks nations, the dollars losing the reserve currency status. Oil is being traded in yuan not in the US dollar, all these things. Last night I got two emergency phone calls, one from my friend's wife, another one from my friend. I'm worried about my money in the bank. What's going to happen? So we're gonna

break all this down. We're gonna break down what is going on with the dollar with the reserve currency status, Whats going on with China and Russia getting together and conspiring yes, that's a real thing, Zee and putin getting together what's going on with the bricks nations? What about Saudi Arabia? What if the dollars a reserve currens task? What does that mean for your money? You're purchasing power

and all these other things. So we got a big hour to go through, lots of talk about and discuss. So I want to break this down. Like I said, I had to get on two emergency phone calls just last night to diffuse the situation, to walk people off of a cliff. And so I want to break it

down for you. Now. This has, I want to say, it's reached a feverish pitch because we saw Fox News talking about this, talking about the dollar losing its reserve status, and you might you might understand or believe that, you know, Fox would talk about that because Fox talks about things like that, but it would it was on CNN. CNN was talking about it. When CNN talks about it, you have you have to imagine what are the conversations like

that's led to it getting to that point. Imagine the conversations that are happening in Washington, you know, and other newsrooms before CNN actively comes out and talks about the dollar losing its reserve status in the world. So what does that mean? Reserve status? What does it mean if it's losing the reserve status, and more importantly, what do you care? What do you care? Well, let's talk about that again. If you're tuning in, you're listening to the

Markmas Show. We talk about, of course, the decentralized Revolution, and part of this is how the world is breaking apart, in from a singular, a unipolar world into a multipolar world. So the US since nineteen forty four has been the global superpower, and the US dollar has been the global reserve currency of the world in nineteen forty four, the entire world. Let's go back a little bit further, all right, So there's been lots of superpowers in the world, and

there's been lots of reserve currencies in the world. I'm not going to go back all the way through history, but just know that England and the pounds sterling was the superpower and the pounds sterling was the reserve currency of the world before the dollar now, so we don't need to go back too much further than that. But what happened is is England and France went to war against Germany. England and France got together to go to war with against Germany. That's known as World War One.

And in that war, they didn't have enough money to go to war. They should have never gone to war, but the United States bankers JP Morgan said, Oh, don't worry, we'll loan you a bunch of money. So they loaned them a bunch of money to go to war, which basically bankrupt them. And these nations spent all the money they had to go to war, and they had to give up all of their gold. And the US when they spent all that money to go to war, where

do they spend it? When they spent it for supplies, So most of that money actually came back to the United States, and the United States was able to stockpile the gold. United States didn't want their debt because if they lose the war, who's going to pay it? So we took their gold and as a matter of fact, after the war, the United States became I believe the United States owned two thirds of all the gold in

the world. The US had all had the balance sheet fortress balance sheet as it might be called, and so they had had all the gold and so basically the pounds sterling kind of lost its place. They printed too much, it was inflated in a way. Nobody wanted to hold it anymore. The dollar now was kind of this strong currency because it had all the gold in the world backing it, and they went to nineteen forty four to Breton Woods Agreement. Now this went after World War two,

world War one, and the World War two. After World War two, ninety forty four, the world got together and created what's known as the IMF International Monetary Fund, and they declared from on high, this is the new reserve currency of the world. And the way it worked is that the dollar would be pegged a gold so you would be able to exchange thirty five US dollars for one ounce of gold. It was always convertible, and so

the dollar was a proxy. It was an IOU claim it was backed by gold, and then all the currencies of the world would peg to the dollar. Well most of the really, all the currencies of the world are still pegged to the dollar, except for the dollars, not pegged to gold anymore. So when you hear things you know you'll hear about like with bitcoin, for example, what's it backed by? Well, only debt has to be backed by something. The dollar was debt, it was redeemable that debt.

It was a debt certificate, an IOU, a promissory note that I could go redeem it for the specie the gold that's back there. And so the dollar was debt, it was backed by gold. Today the dollars backed by nothing. So when they say what's bitcoin backed by it's not backed by anything. Only debt is backed by something. What is gold backed by? What is oil backed by nothing? The oil is what oil is, right, Okay, So anyway,

that kind of sums it up. Now, the dollar took over the reserve currency of the status of the world, that it was backed by gold. Then what happened is they started the United States started printing way too many dollars, and the dollars weren't actually backed by all the gold, and people knew this. Everybody knew this. Americans were not allowed to go buy gold. In nineteen thirty three it was made illegal as all the gold of Americans owned was seized, was stolen, and then it was made illegal.

Americans couldn't own gold not until nineteen seventy five. In nineteen seventy one, all these nations around the world were like, hey, America, we know what you're doing. This is the jig is up here, Like, we know what you're doing. You printedway two many dollars. We don't want these fake paper goal certificates. We want the gold. So the US was trying to defend it, trying to pretend like that wasn't the case. So they're giving up all the gold, giving up all

the gold, given up all the gold. Finally the gold's running out, which we still don't know how much gold is left today because of course they won't do an audit. And as I say all the time, the best way you stop rampant speculation, or as they like to call it, conspiracy theory, is just with transparence. They could just do an audit of the gold, but of course they won't, which then makes you think that they don't have the gold. They would just say they had it. They tell us

how much they have, so then prove it. It's not like they're trying to keep it a secret. They tell us how much they have, then prove it, But of course they won't, so the rumors obviously a wild speculation. I think they don't have the gold because of the way the story goes, and so they were given up the gold, given the gold trying to defend that peg. Finally, France sends over the warships to collect the gold, and Ard Richard Nixon President Richard Nix nineteen seventy one says, no,

no more gold, all right. So the US defaulted, went bankrupt, wooden pits debts. Then how does the US keep its reserve currency status in the world. Well, it went into something else backing it, and that was known as oil or energy, and so we have the birth of the

petro dollars started in nineteen seventy four. Is the very key piece of the story because the United States went to Saudi Arabia, which was the oil kingpin of the world, and said, hey, if you price all the oil in dollars that means dollars now backed by oil, then we

will always protect you. So now we've entered the security Agreement, we got their back, which of course is why when the whole World Trade Center bombings happened, Saudi Arabia got all this special treatment by President George bullsh at the time. But that's a whole other story. But basically it was

backed by the petrol dollar. Now, the reason why I'm telling you that is because the dollars status as the reserve currency of the world is now threatened by everybody, and specifically Saudi Arabia, which entered this agreement in nineteen seventy four to price all the oil to sell all the oil in dollars, is now agreed to sell oil in Chinese yu won. So the era that we've known is over. So what does that mean. What's going to happen to your purchasing power, What's gonna happen in nice days,

What's gonna happen in the world. All these questions about I'm going to answer all of those as we continue to break this down. If you just tune in, you're listening to the Mark Mos Show. Of course, we talk about the way the world is breaking apart, the decentralized revolution, and we look at it through politics, finance, and technology, and it's always technology that changes the world. But right

now we're talking about the financial piece. Like I said, so much to cover here, I want to put your mind at ease, and I'm going to give you some practical tips that you can do to protect yourself as this continues to unfold, because it's not going away. So I got a whole lot to cover this hour when I come back. You don't want to miss this, don't go away. I'm gonna take a quick break and I'll be right back. All right, Welcome back. If you just

tune in, you're listening to the Markmas Show. We're talking about the dollar losing its reserve status in the world. What does that mean? Losing its reserve status in the world. Like I said, I got phone calls from a few people last night asking me what the heck is going on?

What are we doing? So as I kind of framed it up before, kind of walked you through the history here, and the United States has maintained its reserve currency status of the world because the petro dollar, Saudi Arabia, etc. Now, we I've been talking about this quite extensively, and I actually just tweeted this a little while ago. If you're not following me on Twitter, you should, so you can find me on Twitter at one Mark Moss. That's just

the number one at number one Mark Moss. And I tweeted this out earlier and I said, if you have a party and then you start kicking people out of the party. Eventually they go start their own party, and then you have no control over what they're doing because they're at their own party and you're not invited. And

so that's basically what's happened. The dollar has been the reserve currency of the world, and we control that money through the swift system, etc. And how the way the money has moved around the financial system, and what the US has done as is continue to weaponize the dollar.

If you don't do something we don't if you do something we don't like, then we penalize you financially, financial sanctions that could be in the form of penalties and fines and things like that all the way to you're just completely kicked out of the financial system and you don't even get it used anymore. And that's exactly what's happening. What we can see sanctions being used as a US

policy tool has been growing. As a matter of fact, if we go back, I'm looking at a chart here from two thousand and two, we can see under the Bush administration we had a very few sanctions. It started to be, like I said, the go to policy tool, but it's only started escalating through Obama, it got higher. Through Trump, it got even higher, and under Biden it has gone through the roof like a hockey stick we

call that, or like a parabolic run. And so what we can see is that the US is accelerating this d dollarization. So the dollars the reserve currency of the world, and they're de dollarizing and or forcing people to not use this reserve currency of the world by issuing these more than ten thousand unilateral sanctions on foreign entities. And that's just over the last two decades, ten thousand unilateral sanctions.

And so again back to what I tweeted, if you kick enough people out of the party, then they just go start their own party. When you take away people's ability, nation's ability to transact in the dollar denominated global financial system, what happens? Do they die? Do they just go away and just crawl in a hole and die. No, they just find another way to do trade. Obviously, it seems so obvious that even a caveman could get it, so

they so to speak. So a couple of things I want to break down here, all right, So, first of all, there's a difference between global reserve currency and global reserve asset well, this is a very big distinction that a lot of people don't seem to understand. So what am I talking about? So the dollar is what we use as a currency. It's a medium exchange. We use that to pay for things. We don't store our money, our

life savings in dollars. Most people don't, and if you do, you probably shouldn't, especially when you're a sovereign wealth fund or a sovereign nation where you have hundreds of billions or even trillions of dollars, you can't. You don't hold that in currency. You hold it in a reserve asset, in an asset. So even for me and hopefully for you, I don't store all my wealth in dollars. I hold them in assets. I hold them in real estate, I hold them in gold, I hold them in bitcoin, I

hold them in some stocks. Right, those are assets. So what are you reserving your wealth in? What assets? And so to think about nations, So they're not holding it in dollars, holding in assets. Now, those assets have typically been, for the last fifty years or so, have been US treasuries. The US treasuries those that's debt, that's bonds, okay, and

that has been the reserve asset. Now what we're seeing is all this talk happening about now, Oh my gosh, Like I said, I got these phone calls last night from one of my buddies saying, I see all this talk. Now oil is going to be sold in Yuan okay. So now we see the bricks nations Brazil, Russia, into the China, South America, now Saudi Arabia, potentially all of these countries, these bricks nations, this block now trading back and forth outside of the dollar. They're trading in yuan okay.

So that's the currency side. But what are they using as their reserve asset? That is the key piece here. Now you know that I like to talk about bitcoin. I spent a long time writing about cryptocurrencies, and in cryptocurrencies you have something called token omics, and that is all these cryptocurrencies created their own tokens. They're basically like currencies. Now they have to they have to come up with some sort of a plan to figure out to kind of game the system to get that token to be

worth something. The most used token in the history of the world doesn't mean it has any value, So that have to figure out a way to do that. So like chuck E cheese, for example, a lot of people use chuck e cheese tokens. Doesn't have any value though. Nobody stores their wealth in chuck e cheese tokens. And so these tokens, they would practice what's called token They have to figure out a way to get someone to actually save them, to pull them out of the system.

So with bitcoin, they say bitcoin's a reserve asset, it's a store of value. So bitcoin isn't being used as a currency. People are saving it, they're hoarding it, they're storing it, and so what all these I think there's somewhere between twelve to fifteen percent of bitcoin. So just so you don't know, there's about twenty There will never be more than twenty one million bitcoin, never more than twenty one million. There's about roughly about nineteen million in

circulation today. The rest will be coming over the next hundred years. Of those nineteen million, only between twelve to fifteen percent are actively being traded like for sale. The rest are put away in long term storage. Because that's been put away in long term storage, there's demand there and it makes the circulating supply worth more. The scarcity. So all these other cryptocurrencies have tried to game the system. Nobody wants to save them or store those cryptocurrencies, so

they game it. They'll do something called staking. Hey, if you if you lock these up and put them away, we're gonna inflate it and we'll give you a piece of it. So think of it like that. So we have the dollar being used as this currency, but it's the treasuries that people are holding their money and that's giving it this value. So when you hear about Saudi Arabia and all these people trading in another currency you want, it doesn't really matter what are they saving in. Well,

they're still buying US treasuries. No one's saving their money in Chinese debt or bonds, or Russian debt or bonds. They don't have the financial market to back it up. They don't have the open, open liquidity markets. They don't want them. They don't want them, they don't have them, and they're not they're not built up that way. Now. What we're seeing, though, is something to be concerned with.

I tweeted this out again today as well. And what we do have is if you think about we have periods where the dollar, the dollar has been this reserve asset, reserve currency, and gold was the reserve asset. In nineteen seventy one, the gold got swiped out and it was US treasuries being the reserve asset. But what we can see since two thousand and twenty one, really since twenty fourteen.

In twenty fourteen, China came out and made actually it was twenty thirteen, China came out and made a statement. The PBOC People's Bank of China said quote, no longer in China's interest to grow our foreign currency reserves. So they said that in twenty thirteen, so they announced they were going to start de dollarizing. Russia and China both did.

And so what we see since twenty thirteen, the amount of US treasuries being purchased by foreign governments has been going down, while the amount of gold being purchased has been going up. So the dollars still a reserve currency currency. The yuwan can be also a major currency. But what are they saving in and what we can see since twenty thirteen, the amount of savings in dollars US treasury is going down and gold is going up. So that's

a big difference. Now back to some other concerns, well before I got to take a quick break, I'll come back and give you those concerns. I'll be right back. All right, welcome back. If you just tune in, you're listening to the Mark Moss Show. We're talking about the global reserve currency going away. Everybody's scared about it. What's going on. So I was breaking it down history lesson to kind of build that base for you. So anyway back to some of these phone calls that I've got

to explained to you that it is under attack. Yes, the bricks nations have formed these alliances. Yes, Putin and g are testing the US and trying to trade for all these commodities oil outside of the dollar. But so what so I kind of broke that down, the difference of the reserve currency versus the reserve asset. Now. So one of my friends he called me last night and he said, he, Mark, I see all this talk about

this and what's going to happen. I'm afraid that I'm gonna wake up one day and my dollars are gonna buy me half as much good as they buy me. Now, the value of my dollars will drop in half. That's what he's afraid of. What should I do with my dollars? What should I do with my money, my money in the bank, my savings. I'm afraid I'm gonna wake up one day and it's gonna buy me half as much. And I said something that shocked him and it probably shocked you as well. And what that was is, I said, so,

let me get this straight. You're afraid that you're gonna wake up one day and your dollars are going to buy you half as much goods? Right? He said yeah. I said, well, since two nineteen, your dollars already do buy you half as much goods. And he's like, what do you mean? So I said, well, how much is your home worth today? He said four million dollars? I said how much was your house worth five years ago?

He said one point seven million. So your dollars buy you about forty percent of the house that it would have bought you five years ago. Your dollars already do buy you fifty percent less. As a matter of fact, if we take a look at a couple of just metrics so we can see this, we can see since January of twenty nineteen, the dollar has lost sixty percent to the S and P five index. All right, So does that makes sense when the when the stocks go up, it's it's not stocks going up, it's the value of

your dollars going down. Why are the value of dollars going down? Well, because the US government, the Fed, the Treasury, etc. Have increased the money supply buy about forty percent in that time period. When you hear about all this money printing, you know, all these new acts, the Inflation Reduction Act and all these things. Even now they're belling oft the banks. They have to create that money. It's the conjure from the air. As they create more money, it makes all

the existing units of money worth less. It's theft. So if I came to your house and you have, you know whatever, a thousand dollars and you're safe, and I took five hundred of that, I took fifty percent of your money away, and I went and spent that on whatever I wanted, would that be theft? Of course it would be. Of course it would be. You would now be able to buy half of the goods and services that you could have bought before you had a thousand dollars.

Now you only have five hundred. You can only buy five hundred dollars with the goods and services. Meanwhile, I took five hundred and went and spent it on whatever I wanted. That's exactly what the government does. So you have a hundred, and now you have a thousand dollars in the bank. The difference is the Fed doesn't take

the government doesn't take five hundred from your thousand. What they do is they print themselves more money and they go spend on whatever they want, whatever they want, like you know, giving a bunch of money Ukraine for example, and then your thousand dollars buys you five hundred dollars worth of goods and services. So it wasn't that you didn't see your currency units go from a thousand to five hundred, but what you can buy with the money did go from a thousand to five hundred. And that's

why it's silent. It's secret theft. You don't realize it. But it's the same thing. They the government gave themselves money and bought whatever they want with it, and what you can now buy with your money got cut in half. It's theft. It's not okay, and you have to understand that.

So but back to the kind of the point that I'm making he's afraid, and you might be afraid that one day because of what's happening, your dollars are going to buy you half as much goods and services they already do, sixty percent less of the SMP, five hundred seventy seven percent less bitcoin, and the median home price in the United States in January of twenty nineteen was three hundred and thirteen thousand, and today it's four hundred

and sixty seven thousand. Yes, you buy fifty percent less home today in the same period, so we were already seeing it. So is it going to happen? Yes, My guess is in five years from now, dollars buy you fifty percent less goods again. So stocks will be higher, real estate will be high, and bitcoin will be higher. And so the greatest fear he has is already is already here. We're already living it. Now. What else A

couple other things. I don't really want to get into the banking crisis because I've already covered that a pretty extensively. If you if you want to catch me, you want to get my opinions on the banking crisis, go to my main YouTube channel, Mark Moss and just see the videos that I've done their numerous channel, numerous videos where I have all the charts and graphs. You can see him there on a video. I've also talked about it

here on the podcast and the radio. Would just go search the Mark Moss Show and your favorite podcast player and you can find those back issues. But I do want to just address the other The other call that I had to take last night is from my wife's friend. I don't typically like to take these calls because I'm too busy, calls even from my own friends. But they were also worried. They sold their house. They have money sitting the bank, and they're worried about their money in

the bank. What are we gonna do? And I said, well over what time frame? Like, are you worried about it over then five years, ten years, five months? We want to buy another house right away. We just don't want to lose our money in a banking collapse. So they weren't worried so much about losing it through inflation like my first friend was asking about. They're more worried about it and a banking collapse, what happens to the money. And so I'm just gonna address that for you real quick.

What I told them is, first of all, as I've already kind of said multiple times, keep your money in bank accounts less than the FDIC insured amount two hundred fifty thousand dollars. That's just step number one. That should be good enough. Second of all, if you're still worried about it, go to a big bank. The big banks are deemed too big to fail. They've Janet Yellen has told us this as much. Who are the big banks. They're Wells, Fargo, JP, Morgan, and City Bank. Those banks

are too big to fail. Bank of America they've told us they're going to bail them out, And so you're safe there if you're still worried about it, and maybe you should anyway, instead of keeping your money in the bank, go put it into US treasuries, where today you can keep them liquid under two year durations and make about three and a half percent, which is way better, about three hundred times better than the amount of money you

can make sitting in your bank account. So those are some things that you should do if you're kind of worried about it. But let's jump back into this d dollarization and exactly what's going on here. So In the CNN video, they talked about the dollar losing its reserve status and they called it a death by a thousand cuts, death by a thousand cuts. And really it's the United States that's doing it to itself. It's the United States race to lose here. But it's a death buy a

thousand cuts. It's all these little sanctions, it's all these little government programs, it's all this increased spending. It's all of these things that both one create more monetary units, which steals your purchasing power, which means people don't want to hold it. And two, it continues to erode the trust in the banking sector, in the dollars credibility. Now, as I kind of said before, nobody's putting their debt.

No one's using the Chinese bond market or or credit markets, or the Russian markets as a place to store their reserves because they don't trust the Chinese either. You want to keep your money, you want to store your reserve assets somewhere that has a strong rule of law. That would be something that would have like due process, you know, before they just arbitrarily steal your money, they would go through at least some sort of a due process, so a strong rule of law. There has to be trust there.

The problem is, as I said, Russia trying to whatever country fill in the blank doesn't have that trust. The US does. But the US is doing everything it can to undermine its own. It's on its own trust. It's a death by a thousand cuts. The other the other thing is that I said, it's it's our race to lose. I saw this quote. I was reading this this this morning. I love I love what our founding father said. So many of them, they were just so smart back in the day, and I came across this quote, which I

love to read. You know what they talked about, what the warnings were about banking and what the problems would be with the banking system. So I'm gonna read that when I come back in a second. If you're just tuning in, you're listening to the Markma Show talking about the dollar as the reserve currency of the world and

losing that and what is going to happen. So I'm gonna talk more about what is going to happen now as this continues, what you can do to watch it as it unfolds, What you can do to protect yourself from all of this, and we're going to talk about the central bank digital currencies that might be coming in their place. So I got more to cover. When I come back, I'm gonna take a very quick break just for a second, though. I'll be right back. Don't go away,

all right, welcome back. If you just tune in, you're listening to the Markma Show. We're talking about the dollars losing the reserve currency status. It's all over the news. It's all we see. It's a dominating every single headline. Oh my gosh, the bricks nations are rising up. I talk about it all the time. I shouldn't. I shouldn't laugh about it because I talk about it as well.

It's certainly something to keep an eye on because it continues to build into the thesis that, of course we talk about each and every week, which is the decentralization of the world. Yes, the dollar is losing its place as the reserve currency of the world. Yes, other nations are starting to use Yuan to trade, to subtle trade. Yes. Yes, Saudi Arabia, who's been backing the currency with their oil for all these decades, is now we're going to start

selling it in other currencies. Yes, all those things are true, and so yes, all those things continue to build into this narrative that we have. What I guess what I'm trying to point out today is that yes, all of these things are happening, and yes they've all been happening, but it's it's not time for a panic. It's not like something's going to happen in the next week or month or year that all of a sudden is going to destroy the world. It's the death by a thousand cuts.

The US is slowly bleeding out. So what we want to do is we want to be aware of the situation. We want to watch situation, we want to prepare for the situation. We want to be directionally correct. But we don't need to be full of panic. And and I guess you know, I'm all for making sensational headlines, but I'm just trying to take away some of that panic.

Can show you that it's already happening. Like I said earlier, with my friend called me up on the phone freaking out last night, worried that on day's gonnake up and as money's gonna buy hi fifty percent less, and I said, it already does it already does buy you fifty percent less. Have you filled up your car with gas? How much has gas changed in the last four years. It's lost fifty percent to gasoline? What about milk? What about eggs?

What about steak? Yes, you buy fifty percent less milk, eggs, and steak than you did five years ago. So it's already happened, and this will continue to happen. So while I'm certainly not downplaying it, it is real and it is happening, and it is Yes, you do need to do something to protect yourself. I already gave you some ideas. We're gonna talk about more here in a second. But at the same time, I think we don't need to

be I mean, I don't know. Like I said, I suppose I can be sensational too, so I'll take it. Someone easy on it. But this has continue to happen. Now in this CNN video that they that I was referencing, where they said it was death by a thousand cuts, they said, we searched the world over looking for the

next reserve currency, but there is none. And that's a key piece here, And so that's that's the thing that I want to hit on for a second, because we have this situation where everybody's looking for the next global reserve currency. Okay, the dollars. So as we go through history, we can see lots of currencies have been that. Like I said, the dollars took over the pound sterling. So everyone's looking for the next What is the next? And as the CNN host said, we scan the world for

the next reserve currency, but there is none. Now why is there none? Well, there's two reasons, I would say. The first reason is because of the big global trend that's happening, which is the decentralization, the deglobalization trend that's happening. It's my thesis that I talk about each and every week here on the show, and there's no stopping that. We see it everywhere we go. And this is what we're talking about right now. The dollars homogeney is being

challenged and being broken. And now we're starting to use other currencies around the world. And as the world continues to shift back from a globalized, centralized world to a deglobalized, decentralized world, no one's going to agree on one currency. There's no global unpolar party to decree from on high. This is the new one. This is it, Like there's nobody there. The voice, the globalized, unified voice is gone. It's all broken apart. Then everybody's going to use whatever

they're gonna use. And this is also it's also a big part of just where we are as a society, as a world, where we are at this point in time in history. I did a interview recently with the

author of a book. I don't know if the actually the interneviews published yet, but of the author of with the author of the book called The Revolt of the Public, and it basically talks about how, you know, things change, technology changes, which of course is what I talked about all the time, how the printing press changed things because it allowed us to think and act on our own.

But the Internet has also did the same thing. And as I was talking to him, you know, I was thinking, and we were talking about how like when I was a kid, we all listened to the same music, we all watched the same TV shows, we all read the same things. There was three when I was a kid. There was three channels on TV. That was it before cable.

There was three channels, right, And so we all listened and watched the same things, and so it's very easy to get everybody on the same page when everybody only had a couple of choices. Today we have millions of choices. We'll never get back on the same page. Ever. Again, the Internet has allowed each of us to find our own taste, our own interests, pursue our own passions, and allows us to all find this corner of the internet that serves our own very specific use case in niche.

And so that's part of why it's technology that changes things. It changed the way that we organized, communicate, and so forth, and so as this world continues to break apart. He states in the book that our system of governance today is not compatible with the technology that we have. So as we went into the industrial age, we started working in factories, and they figured out how to get all of these people, these masses into a factory and basically get them to all do the same amount of work,

managing the masses by above central planning. And then our current form of government was designed off of that to manage the economy from above, a central form of governance. But now we don't have large scale manufacturing like that anymore. Now manufacturing has done all over the world and little bits and pieces and then it comes together for final assembly. We don't have that anymore, and neither do we neither does the very centralized global governance system work on top

of that anymore. That's done, it's over. It's never coming back. Well, I don't want to say never never as a long time, but it's not coming back anytime soon, not in our lifetimes for sure. And so as the work continued to break apart, they're going to continue use different currencies. Someone's gonna use go back to using gold, and someone's going to go to use a nickel, and someone's gonna use oil to trade, and then there's gonna be different currencies.

For me, I'm using bitcoin. Bitcoin is my reserve assets. Bitcoin is lots of people's reserve ASTs. It's now Fortune five companies, like micro Strategies reserve asset. It's even nations like El Salvador's reserve asset. Now you think you may think that bitcoin is stupid, great, so use gold. Gold can be your reserve asset. Someone else might still want to keep dollars. I don't recommend it. Then keep dollars as your reserve asset. You can figure out for yourself.

But the point is that we're all going to be using different things as this world continues to break apart. Of course, the government doesn't like that, I should say specifically the U government doesn't like that, and even bigger, specifically the Western governments that can control the money don't like that. They want to keep you locked in. If there's an exit that you're allowed to get out and

exit the system, then the whole system collapses. Back to that kind of tweet that I talked about in the beginning, where if I'm having a party and I start kicking everybody out of the party, then all of a sudden, you have your own party. I have no control over you. So this is the conundrum. This is the dilemma that the government finds itself in if they continue to kick people out, which they already have, and it's too late,

right the animals are out of the barn. What do they say, It's like closing the barn door after the animals are gone or whatever. It's like, it's too late. The animals are gone, They've already started their own party. They're not coming back now. What they're trying to do is to close the barn doors and keep whoever's left there now. But instead of kicking you out, they want to beat you into submission. Instead of kicking you out because you're too noisy, others put a gag in your mouth.

Instead of kicking you out because you're moving around too much, they'll just tie you to the floor, break your legs. That's what the path is now. And we see this in the form of central bank digital currencies coming in even more specifically, this new bill that just came out called the restrict AC that, in my opinion, is the most dangerous bill that's ever been put forth ever in the history of America. I warned that this was going

to be coming, and yet here it is. I did a full video on my YouTube channel just search that if you want to go check it out. I don't have time to break that all down for you right now. Maybe next week. I will drop me some comments on social media. If you want to break it down, hit me up on social media at one Mark Moss, leave me a comment, send an email, tell me you're listening to the show, tell me you like it, tell me

what you want me to talk about. If I'm going to break that down, I will or go watch it on my main YouTube channel, just search Mark Moss. Of course, as always, you can watch these and listen to me at the same time on the Market Disruptors YouTube channel, your favorite podcast player. I just searched the Mark Moss Show. But it's real, it's happening. We see it all over. Hopefully this brings a little bit of ease to you.

Not that it's not happening, but it's not that something bad is going to happen tomorrow, but it is happening, and you do need to take the steps to prepare and protect yourself. That's what I got. Thanks so much for listening. Until next time.