The Mark Moss Show Feb 07, 2022

the pumping in full of liquidity. We got politics are getting crazy. We see the White Houses now turning against China. We have wars in Ukraine that are potentially happening, and all the while, what the heck is going on? And more importantly, what is underneath all of this that's causing this change, And of course that is the decentralized revolution. The world is changing and if you don't understand it,

it could be devastating for you. But if you do and you position yourself right, could be the biggest opportunity of your life. And that's why you should be listening to me each and every week. So if you haven't already and you're not driving, pull up your phone, put a reminder, make sure you're here with me. Each and every week on this time at this channel. All Right, it's gonna be the most important and the most profitable

part of your week. Now. I try to bring you some education to help really build the foundation as you understand what is going on, because I found out the hard way back in two thou eight there was a piece of my education that was missing and it cost me dearly. So you gotta have the education. I bring you the latest breaking news so you can keep up on what is going on. And then I try to bring you some important people and guests so you can have some different insights. Um and I just have to

hear my point of view all the time. Anyway, Uh, tune in each and every week, don't miss it. It's the most important part of your week. And today I am in the studio with Jessica Vaughan. She's back in the studio with me again. Hey, Jessica, all right, thanks for having me. Yeah. I always love here in your perspective. And I want to talk about some of these news headlines that are happening because every week there is just so much going on in the space. And one story

in particular had caught my eye. I'm not sure if you saw it or not, but um, it's a story about Kanye West. Did you see this new story about Kanye West. Um, everybody wants to know when n f T. It's like the hottest thing going right now. N f T, n f T n f T. And uh, I think it was last week Paris Hilton came out and launched some new n f T thing. Did you see that. Yeah, I remember how she made her bitcoin insurance and then it was all just a segue to n f T hood. Yeah,

And so like everybody's jumping on the bandwagon. Tom Brady came into bitcoin. The next thing, you know, he's got an n f T go on, and uh, you know, I'm not mad about that. Um. People got collectibles. Um, people have been buying baseball cards and stamps and coins forever. And if you want to buy a collectible n f T, more power to you. You know. UM, I know, uh, some of your M M A fans have done some n f T s and you've been uh, you know, it's been pretty cool. I guess if you want on

that art. Um, but I saw Kanye West came out and he said, quote, my focus is on building real products in the real world end quote, which was pretty cool, I thought, because you know, basically we have this uh metaverse, metaverse, metaverse we have you know, Facebook changed his name to the meta and uh, everything's in the meta We've seen Adidas and under arm are these big brands are starting

to build out in the metaverse. Everybody wants to push us into this world where we live under virtual reality. UM and Kanye as a I think you call him easy Oh yeah, yeah, yeah, so he said he put this on I think on Twitter or Instagram and here

here's the full the full thing. He said, UM quote, stop asking me to do n f T s. I'm not finn a co sign So that I believe that was in response to he us um filmed talking to a paparazzi basically pitching them on the idea of cooperating with celebrities UM as far as using the paparazzi footage to sell n f T is because he's like, you guys just harass us. Why would we Why don't we find a way to be more cooperative? And then he said something and about you know, like an n f

T type of thing. So so a paparazzi was like trying to take photos or videos and then said something like maybe propositioned them, like, hey, you could turn some of this into an n f T or something like that. Well, celebrities still want to have a good pr relationships with even you know, these people that come and photograph them against their will at the airport, that type of things. So he's been having He's been recorded having some rather

interesting types of conversations with people. I don't know if you saw the one about Kanye West where um, the paparazzi was going to get his his car toad outside and so he was trying to tell the partner to the the to the to paparazzi. So the other one, hey, like he's rolling, why don't you go save his car? And but they don't have any cooperative type of elements. So he's always like guiding and instructing people in these

strange situations. Okay, yeah, so thanks for providing that context because I didn't know, but I guess it was the second part that I that kind of caught my eye, and he said, I'm not Finna co sign dot dot dot for now. I'm not on that wave. I make music and products in the real world, and um, yeah, I don't know, it's just uh, I liked it. I thought it was refreshing. Um, everyone's trying to make all this virtual stuff, but like we still live in the

real world. It aligns with his usual takes these days, which are always quite refreshing for somebody and entertainment. Yeah. So, um, I mean, and it's interesting because you know, we see all these celebrities who have cashed in on this big time, um Justin Bieber as a whole collection of n f T s. Um we say, uh, like I said, Paris Hilton, Um, even Jimmy Fallon from TV has n f T s that he's purchased. Everyone's kind of in his whole board

ape club, these apes or whatever. And so I guess Easy has enough money or ye, I guess he's got enough money. He doesn't need to do it. But like I said, I thought I was I thought it was just cool, just pushing back on this virtual world versus this, um, you know, the real world anyway, which of course he does is branding. Is all these you know, products like shoes and clothing that type of thing. Yeah, yeah, and

I guess those are the real products in the real world. Yeah, And I think that's what a lot of people are missing in this where it's like we still need real products, Like we still need shoes to wear. And that's cool that Nike is gonna make them in the meta and you can have virtual ones, but we still need real

shoes to put on our feet as well well. And and Kanye is so profitable, um, through all his endeavors that now he can sit back and solve problems that he has a personal interest in and ignore the things, the money making endeavors that don't really speak to him personally. Uh. And that's just a testament to the power of success. Now I know you're like a psych major or something like that. Yeah, I have an underground in psych, a self practicing psych psych major or something like that. Uh.

And and and easy somebody who you followed. Uh, he might be a little crazy, Um this part of his kind of psyche. He just like doesn't want to play with that kind of stuff. Or do you think he's really like trying to do big things, good things? I mean, like in his talk about getting into politics and stuff like that. I think he'll definitely end up doing the n f T he's just saying for right now, that's not at all my focus. He did, he did put

that word in there like for now. Yeah, yeah, of course it's because, like I said, that was in response to when he was on record, um talking about how to update the paparazzi situation. So I think it was in response to that, because then people had a bunch of questions about n f T s when when he said that on you know, and he gets put in TNZ or whatever. Yeah. Hum. As a creator yourself, how do you think about n f T S. Well, I

think to a large degree there um inevitable. There's enough people that have forced behind it that it's it's going to be something that it is a tool of a tool that the state would like to see as far as pushing people into a digital realm. So n f T s are here to stay, I believe. Could you just sub out the word n f T for a collectible I mean that's what they are, right, I mean, it's a whether I buy a stamp or I buy a coin. They're both different, but they both represent a

collectible item. And so now one's a digital, one's a paper that has sticky on the back, and one's a metal one. And now one's a digital one, but they're all three collectible. They're just trying to throw the full force of celebrityhood behind um a new domain where people aren't going to be putting strain on the physical world as far as producing more. How many pairs of shoes can you wear it once? How many houses can you

own and live in? Well, we got so much money when also just throw it away and by whatever we can. By the way, you're listening to the Mark Moa Show. We're talking about bitcoin, cryptocurrencies in the decentralized revolution. We are talking about some of the latest breaking news in the space. Right now. I'm in the studio with Jessica Vaughan. You can find her at Jessica Vaughan. UM. We are we're talking about Kanye and his take on n f T S. I got more coming up in a second,

so don't go away, all right, Welcome back. You are listening to the Mark Moss Show, and we are talking about bitcoin and cryptocurrencies in the decentralized revolution that is happening. I'm in the studio with Jessica Vaughan and we are talking about some of the latest breaking news of the week and before the break, we were talking about what Kanye West had to say about n f T S. He said he wants to focus on building real world

products right now now. During the break, I was just uh notified by my sound engineer and Jessica that I was butchering his name. It's not Yea, it's ye So uh now I don't look as old and out of loop actually like Kanye's just without the con and then in the beginning, all right, yeah, you call me Kanye will know, Okay, it's not it's a Kanye got it, got it, got it. That's that's how I remember trying to I'm trying to correct it and make my sound

myself even look worse. Jeez. Anyway, um No, something else that I saw this week I thought it was pretty cool is that bitcoin. A lot of people think that bitcoin doesn't have any use case. What's interesting with bitcoin is that, um, bitcoin is really good for people on the edges, not so much for people in the middle.

So what do I mean by that? So if you're like a billionaire and you want to move major amounts of money around, well, bitcoin is really cool because I could send a billion dollars or a million dollars or a hundred thousand dollars from my bed, in my underwear, from my phone and you could have it instantly. So if I want to move big amounts of money, if I'm like a power user, there's a big use case

for that. Or if I'm on the the opposite end, and let's say that I'm marginalized, I'm in El Salvador, I'm in Afghanistan, I'm in Lebanon, where my money is basically being I don't know if you saw what happened in Lebanon this week. I know you're part Lebanese, but basically they just seized everybody's money in the bank and they're going to pay them back with a different currency that's worth less um and So if you're in one of those areas of the market, then having the ability

to get your money out is also good. But people in the middle class, what do they care about bitcoin? Right? And so they say bitcoin has no use case. My dollars work pretty fine, um and and uh, that's starting to change because those people in the middle now are trading options on robin hood um and cryptocurrencies. They're starting to see it. And then also people are being pushed from the middle to the fringes as well. And that's the story that has been I talked about it last

week as well. But this is the trucker convoy that's going on in Canada. And so these people, truck drivers Middle America, you know, blue collar. Um, most people just want to be left alone. Probably right, Um, you're from Kansas, you're from Middle America. I'm sure you've seen those truck drivers, right, I mean, they're just blue collar workers and uh, they've

been pushed to the fringe. And so basically in Canada, they've been told that they have to comply with mandates or lose their jobs, can't feed their family, and they went to block the roads and in order to help, people have been showing their support and they've been giving them money via go fund me. It's been so beautiful to watch the support from the free world. Yeah, it's

been amazing to watch. And they've raised over ten million dollars, which is amazing, which in comparison, Trudeau's campaign has raised like three million in the first quarter of the year. So Trudeau is like, ah, they're a fringe, you know, they don't represent Canadians, um, But they have raised that ten million dollars is more than every other political party in Canada combined, so it's not just a fringe. But

then the two things happened. One go fund Me has now locked up the funds and they won't release them. And two um, the state of Ottawa has now as now trying to make a move where they could maybe seize the money. They're trying to angle where they could actually like somehow I don't know, it's an oxymoron to say, but legally take the money. I guess, well, if they just call it a tax a hundred percent, then then

the government can do whatever they want with it. Well, know, what these people are doing is illegal, and so we'll just we'll just yeah, we'll just whatever. They just make up some arbitrary thing and it's legal and we take it. Um. The reason why I bring that up is because these people in the middle middle class are being pushed to

the fringe. And now there's a use case for bitcoin, right, and so it's it's it's for the people on the edge, is not the middle, but the middle are being either upgrading and becoming power users, or they're being pushed to the fringe, which is what happened to these truck drivers. Well, and there's such a wealth transfer right now, you know COVID response forward till now, So more people are going to see the use of bitcoin as they get poorer. Unfortunately. Yeah,

I mean small businesses are shuttered. If these guys had put up a go fund me and collected money in bitcoin, then it couldn't have been held, nor could the state be threatening to seize that money. Yeah, getting some real world education as to why you need bitcoin. Yeah, I was talking. I went and spoke at this real estate conference I think two weeks ago, a couple of weeks ago, and uh, I met some some guy was on a panel with and he was older than me. And uh,

he's like, oh, I know everything. I'm a what do you say, I'm a I'm a computer engineer, I know everything, blah blah blah. And bitcoin is worthless. All it is is used for drug dealers and criminals. There's no use case, as we told me. And I say, but doesn't that prove the use case a criminal as anyone that the government doesn't like, whoever they don't give a license to.

And uh, there were nothing wrong with driving a truck and parking it, but now they don't like where you park the truck, and now that's the crime, and so now you're a criminal, and now they want to seize your money. And now bitcoin has a use case well, and the government is making criminals out of everyday people more every day, so of course more people should be seeing the use case for a bitcoin. Now. To be clear, I don't like to align myself with any political party.

I'm for the party that gives me more freedom and less government, whatever that is, whatever that means to you. I'm not trying to make this into a political thing. But what I do like is that, Um, we vote with our money and so that's that's the ultimate vote we have. UM. I think after the last presidential election cycle, we can see that our vote means little to nothing

at this point. Um, but making yourself heard still means something which the truck drivers have done, but even more importantly than making themselves known, because, like I said, as Trudeau is like, oh, they don't represent Canadians, they represent a fringe. How do we know. How do we know if that's true or not? How do we know if not more Canadians? Are they going to run poll? Are they going to go vote? No? But they did. They raised money, and they raised three dollars to everyone that

Trudeau raised. Isn't that beautiful? How do they deny that? If the mainstream media doesn't want to cover it, that's fine, we'll cover it. Yeah, And so I just how do the people get hurt? How is the voice of the people to be known? Um? If we don't have a free and fair election, if mainstream media doesn't give us free information, how do we know? Well, we know through a free market. And now these people can vote with their dollars. Well, they voted with their dollars, and how

those dollars are going to be stolen? I really hope that gets resolved in a favorable way. Yeah, I do too, And hopefully if enough people like us are talking about it, that brings enough attention and pressure onto um go fund me and maybe able to do the right thing there. But my point is is that going to the polls and voting doesn't matter. Trudeau says they're a fringe. We don't know, Um, that's what he says. I don't know

how he is that he doesn't. Obviously, no one's going to run in a poll door to door finding out. But what we do know is that three to one. They've outraised him. They voted with their money, but they voted with the wrong money, right, they voted with the wrong money. So now they can vote with bitcoin. They should.

And actually I've seen some bitcoin um funds have been started. Um, two of my really good friends, Greg Fosse and Jeff Booth have started up a bitcoin fund that's on a multi signature setup, which means, um, three people have keys, so not one person could you know, run away with the money or anything like that. Um, they're good Canadian dudes. UM. You're listening to the markma Show and we're talking about some of the latest breaking news in the bitcoin space

that's going on right now. UM, trying to help you, you know, trying to bring some context into what's going on in this world today and trying to show you how bitcoin can fix this. Which is kind of a joke, but it's actually kind of true. I'm in the studio with Jessica Van discussing these some really big stories coming back stick around, don't go away, all right, welcome back. You are listening to the Mark Mos Show, and we're

talking about bitcoin and cryptocurrencies in the decentralized Revolution. That's happening right now. I'm bringing you the latest breaking news, so you're up to date, up to the minute date, you know. I want you to understand the play by play so you don't get faked out of these markets. And I also want to make you seem really smart when you go to that party over the weekend and you know everything that's going on. I'm in the studio with Jessica Van Uh and we are discussing some of

these news headlines and Uh. During the break, they're still giving me a hard time because I don't know who Kanye West is or what is abbreviation his name is. It's it's yea, not ye Sorry about that, um, but they said, hey, that's a good thing because you probably don't want to get your financial advice from somebody who um knows how to pronounce his name. So I'm gonna go with that. That makes me feel better, you know the real answer is that, um man, I've always been

into music, like big time. I love music, um, But over the over the last several years, it's like I just listen to my podcast now, like podcasts and audiobooks. Remember as a kid driving around with my parents and my dad always listened to talk radio, and I hated it. It's like so boring. Yeah, I remember as a kid to all the am talk radio and all the white noise. Yeah yeah, I hated the talk radio. It's just so boring. And now here I am, uh doing talk radio. Everybody

grows up. Now now I'm doing talk radio. But hopefully I'm not so bored. I'm trying to make it an interesting even if I don't know who how to pronounce you. Ah. But but back to uh, bitcoin and cryptocurrencies. You know, uh, if you're new, I can see it's a little depressing. The price of bitcoin and cryptocurrencies are down, big, down, big time. As a matter of fact, the peak was

about November of last year. Bitcoin reached a high of sixty nine thousand dollars, and I think at that at this time, it's somewhere in the high thirties range, thirty seven thirty eight ish or something like that. It's down about most of the other big cryptocurrencies are down as much as it seems like a blood bath. Um. But you know, I wanted to just kind of bring a little bit of perspective into that. Um. I saw that according to Candice Browne and head of Global Research at

Bank of America Securities. The number of executives mentioning crypto in earnings calls this quarter rose from seventeen to about a hundred and forty seven in the most recent quarter. So that's the number of executives mentioning crypto in their earnings calls went from seventeen to a hundred and forty seven. So remember I talked about with new technologies the prices of distraction. We want to look at the network growing,

are more people using it? And uh, Jessica, as we talked about with the truckers, right, I mean there's a big use case. We can see more people using it. Um, that's pretty cool. And then we see here with this we went from seventeen executives to a hundred and forty seven,

which was pretty amazing. UM. And then if we look at just a couple of things, just in the first quarter of this year of I'm sorry, in the first month of two, we saw I'm not even gonna read all these off I have a whole list here, but Digital Assets raised five fifty million. Lennon based venture capital firm Blossom four million, crypto exchange f t x rays four million. Hong Kong. Metaverse startup raised three sixty million.

N f T Marketplace open ce raised, Privacy Focus Blockchain hundred seventy five million, two hund million, hundred seventy million, D fifty million, hundred ninety million, UM and on and on and on. Just the top twelve raised over a hundred million each in just one month. That's on top of fifty other announcements that had funding in January alone. So, um, I love that crypto is where we took our liquidity infusions. I think I think that that was just a beautiful

thing to see. So I'm sure that's just some market correction. Yeah. I mean if you look at um, if you look at the Nasdaq, which is most of the tech stocks, about half of the NAZAC is down, more than fifty Meta got nailed old super hard. Their prices down. Netflix is down, Spotify is down. I don't think it's because of Joe Rogan. I think it Spotify is down just because all that all that is down at the same time. Um, doesn't that always happen in the spring? Is that a

little early, isn't it March? Well, Um, it's it's more because the Federal Reserve is screwing with the markets right there, threatening to suck all this money out and raise rates on everybody, which they started in November they said that they were going to do that, and not coincidentally, that

was the hot high we saw on cryptocurrencies as well. Um, but yeah, to your point, right, like you see liquidity leaving the traditional stock markets, but look how much went in to the crypto marketplace and just the first month. Well it's a set up for the leading logic that yes, of course we want the FED to print more money. Yeah, are we going to take that bait? Well, we do

want the Fed to print more money. So I you know, as after two tho, after getting my butt kicked, Um, I realized I was really good at making money, but I didn't know what this whole financial world is about. And so howd just been the last twelve years figuring that out? And I became this gold bug and I'm like, no, like, all this money printing is what's ruining the economy. They can't just keep printing money. And like every time they want to print more money, it's like, no, stop, you

can't do it. You don't know how bad things are gonna get I'm at the point now, or I'm just like just bring it. I'll shure in bigcoin faster. Yeah, Like why why stop at one trillion? Can we just print five? How about that? Right? Actually, as a matter of fact, talking about printing money. So in two um the it was the g f C, the Great Financial Crash. The entire global financial system was crashing at the same time, and the FED had to step in and save the day.

With seven hundred billion they saved The entire global finance system was seven and it was like, oh my gosh, that's so much money. Now they're thrown around trillions like it's nothing, right, So it was seven hundre billion plus there's ane other seven hundred bion and about one point

five trillion dollars is what was on the books. Well, in America, it's still the land of the free kind of And uh, there's something known as a Freedom of Information Act, the FOI Request f A I A and so we as a journalist or whatever, we have the right to request information. And they've been trying to get information from the FED to find out. The length of time that they've been able to to stall is remarkable. If you can put ten years pauses on information. Your

information isn't free exactly exactly. So, Um, they put this request into the FED to get the information for what happened after two and the FED tried to block it to your point, tried to stall out kind of like what the FDA or what fights are is doing? Right now we have to wait what seventy five years to get information on the efficacy of the vaccines. Um. So much freedom, which is a whole another subject, but um, same point though, right, so we have to wait seventy

five years. I don't know if it's fifty years now or whatever, somewhere fifty years like what like we're taking this now, like we need the information now seven five years anyway. Um, So they FED fought it, fought it, fought it, fought it. They pushed it out twelve years, this data, and it finally got released. Finally it released. It's called the Levy Economics Institute of Barred College put it out and it's a detailed look at the fed's bailout of the financial system. Um. So, okay, this is

from two thousand seven to two thousand nine. So what they told us, Jessica, is that they were going to bail out the banks with seven hundred billion plus another seven or about one point five trillion. That's what we're told. Twelve years later, the FOIA finally comes out. It wasn't one point five trillion. Do you have any idea how much it was? Did you have you heard this story already? H It was a mind boggling number. That was just take a guess how much? Take a guess? Thirty trillion? Wow,

money is so imaginary to these people. They never planned to pay back any of their debts. But what bothered me most about that story was didn't the money go to some other outside of America, some other countries? Oh yeah, yeah, yeah, yeah, that was totally information. Yeah, billions and billions of dollars went to other countries to bail them out as well. We bailed out, you know, China, We build out most

of the European countries. They call it swap lines um, So they swap out the bad debt for good debt thirty trillion dollars, which is insane. Now we only know about that twelve years later because of the Freedom of Information Act. Now we think that the federal debt went up by only a few trillion. So where did this thirty trillion come from and where did it go? Like, we don't know, we didn't know accountability with our money. Yeah,

we saw that the federal debt. So if you look at the debt that the that the government shows we went from twenty trillion dollars of debt government debt in seventeen two. We just surpassed thirty trillion this week. So from twenty to thirty in three years or four years. But that's that's only that's the only part of the story, because here's thirty trillion they spent from two thousand nine and two years. Anyway, it's insane. You listen to the

markmas Show. We're talking about bitcoin, We're talking about the decentralist revolution. We are talking about the latest breaking news that's going on to keep you up to date. We're just talking about the amount of money that the Fed has printed that we just found out about this week after twelve years of trying to get that information out of them. Um again, they're listening to the Mark ma Show. I'm in the studio with Jessica Vaughan talking about the

latest breaking news. I got some other big stories. I'm saving the best for last. Um, you don't want to miss this. You don't want to be in the dark, so don't go away. Hey everyone, welcome back. You are listening to the Mark ma Show, and we are talking

about bitcoin. We're talking about cryptocurrencies. We're talking about the decentralized revolution that is happening right now, and right now I'm talking about the latest breaking news that's happening, the latest breaking news of the week, so you can be up to date. Now. I tell you all the time that the price is the least important thing to be looking at. It's a distraction. What you should be looking at is the the number of users on the network

and the development that's happening on the network. And so those are things that I like to focus on each week. Um. And as long as those things are tracking forward, then you know we're going in the right direction. So talking about those two things, I see a couple of things happening this week. UM. I don't know if you saw this, Jessica, but we saw one. Um. There's a few guys trying to run for Governor Abbott's job in Texas as the governor and uh, they're running on like a pro bitcoin platform.

I love to see it. Yeah, Alan West, I think is one of them. Lieutenant I think is Lieutenant Allen West. I forget the other guy's name. And they're running on like this pro bitcoin platform. As a matter of fact, what they're saying is they want to make bitcoin a legal tender in the state of Texas. Well, it is a United nation all its own, so or at least they are going with the DNA of Texas as an independent place. So I love that. And then we saw

in Arizona the same thing. They actually, I think already wrote the bill to make bitcoin a legal tender in the state of Arizona. I was so surprised that Arizona came out of nowhere. And they must have been watching all the conversational support that UM bitcoin has been giving to, you know, Texas and and UM Florida. Well I figured

it would be one of them first. Well, growing up in southern California, I've spent a lot of time in Arizona, and they're their their freedom loving, gun toting, steak eating people in Arizona. UM. After that the last election, it was an interesting way for that state to go, wasn't it. Yeah. Shout out to Megan McCain for that one. Yeah, but you know, there's a lot of freedom lovers there, so it wasn't a big surprise to me to see Arizona come out with that. Um. You know, maybe it would

have been like Wyoming first or whatever. But anyway, so we saw that, so Texas has kind of put this bill. Um, then we saw Arizona. Now I've seen a lot of people are also starting to jump on the bandwagon, but I think they're just cloud chasers. So there was another uh lady, I forget her name, and she's talking about bitcoin and uh she's then she posted, oh, I've had a ten thousand new followers, uh since I on Twitter,

since I started talking about bitcoin. Next thing, you know, she's talking about uh she mentioned she and then she mentioned like ethereum and then like so used using the bitcoin as like a platform, and then and then kind of bait and switching people. But the point that I was looking at is that we saw that this week that you know, this this governor race for Texas is ramping up, and these people are talking about really running on a bitcoin platform and using bitcoin is legal tender

um Arizona as well. But at the same time, the federal level, good old, good old, the old Brandon administration is trying to put an executive order that gives the White House huge power and oversight over the cryptocurrency industry. Um and not just from that now. We don't know what this executive order is at this point. Um. He's just put an executive order in place that says that he's going to have all this power to do all

these things, but we don't even know what it is yet. Um. The order would include the Treasury Department, the Commerce, UM Department, National Science Foundation, and National Security agencies. It says the government may expand its efforts to study and regulate the two trillion dollar digital asset sector. UM. And so they're doing that, and at the same time, the Treasury Department is also trying to get a bill through which, as it says here, would hand Treasury blank check to ban

crypto at exchanges. The provision is in the quote unquote America Competes Act. You know, they got it. It's like the Saving Puppies Act. Nobody's against saving puppies, of course, right, somebody, nobody would have a problem with the Patriot Act. I mean, aren't you all patriots, right, right? I mean, you're a patriot Act, right, never mind that we lost more freedoms in that patriarch than any other time in history. Um, if they would have called it a Loss of Freedom Act,

they probably wouldn't have got as many people supporting. And I'm guessing there's no truth in advertising. Well, basically you countertrade it. It's kind of like every time Peter if talks about bitcoin bad, you just buy a bitcoin and uh, actually, uh, Jim Kramer, man, he has been getting hammered. Someone put out like all the calls he's made on like an MSNBC or whatever US. I'm sorry if that's throwing network, but man, he's had You could have just count of

traded him to do really well. But it's kind of like that. So um yeah, they're calling this the America Competes Act and they're sticking all these things in there, and uh, basically, this little clause they're putting in this American Competes Act of two UM basically gives the Treasury an unlimited ability to um basically prohibit any kind of transaction it deems a concern it deems without any public notice or input. Now we have bills that have been

put in place. Laws have been put in place, like the Bank Secrecy Act that guarantee US privacy, and this completely goes against any of them. And it's a blank check. But what's interesting about this is at the same time as the White House is going to put an executive order in place that gives them this massive power we don't even know what it is, and the Treasury is also doing this, we have states that are trying to make it legal. Tender. That's that's kind of a setting

up a fight. Well, I mean the entire Balkanization. I mean, we're just watching it, watching it happen. I mean, when the federal government is telling states just disregard, you know, Supreme Court rulings that they don't like, what are we gonna do other than just exercise federalism to a which deeper degree. Know, the Balconization is something that you know, I've been talking a lot about and um, it's it's definitely happening, right so um, and it's been happening for

a long time. So in the state of California, for example, it's like a sanctuary state. So basically, um, the state has decided that it will not uh enforced a federal guidelines on immigration. Right, So nope, we don't care what the federal laws are. We're not going to do it. As a matter of fact, we're going to go directly against it. Well, of course that's our history with legalizing

marijuana in the state. And sure, and my suspicion is that this continues to get, uh grow more and more and more, you know, and I think we'll probably start to see this almost tipped for tat where a blues like so So Texas did like that abortion law where they said, hey, we're gonna find anybody who gets an abortion, and then we'll see a blue state go okay, then we'll find anybody who has a gun, right and then and and it's definitely just so that they are driving

people out of these places where they want to have complete in um, you know, unchallenged political control. Yeah, it's like a new type of gerrymandering, but ideological. Yeah, it's interesting. Well, what happens is at the at the end, when things

start changing, you get a lot of faltilities. So in the financial market, mostly a financial analyst most of my channels, and uh, whenever you get the price runs up hig high, high, higher, it goes in like this parabolic run before it like has a low off top and it crashes and at the top it gets very volatile. It goes up and down, up and down, and that's kind of what we're seeing. We're in this blowoff top and uh, it's becoming very volatile. And I'm suspecting that we're going to see more the

states fighting against the Federal Reserve. And I think it really started back, maybe started sooner, but in the last election cycle, we saw a lot of challenges go to the Supreme Court. Supreme courtse I, no, that's up to the states, and now we're going to deal with that UM. And now we're starting to see that more and more. We saw I don't know half a dozen half of the United States, I think, like filed lawsuits against the Fed on like mandates that they put into place, if

you remember that UM. And now while the White House executive orders and the Treasury trying to ramp up regulations on cryptocurrencies, we have Arizona and Texas saying no, we're gonna make it legal tender. So interesting. I don't know what's gonna happen, but it's it's interesting, and we're gonna be updating on this all the time. Now, in my opinion,

it's awesome. I love to see this. Well, it's awesome if you're a portable person who hasn't anchored somewhere on your family farm, because then you can just move where it is that you belong. Yeah, I mean that's true. Uh, it is unfortunate for people that don't have that ability if there are a tree and they can't move, but most people, most people aren't trees well, and I feel

so bad for people can't afford to move. I mean, now, if you live on a farm, then you're probably not affected by any of this, So you're probably okay if you're on a farm. But other than that, yeah, it is. It is unfortunate, and unfortunately, the poor people are the ones who suffer the most through these things. They're the

ones that feel the effects of inflation the most. But in my opinion, through my research, my thesis is that what breaks this trend of going to authoritarianism is competition, and we need the states to be able to compete. We can't have all this federalism. We need the states to be able to compete and then we can truly

vote with our feet and our money. Now you're listening to the markmas Show, we're talking about bitcoin, We're talking about this decentralized revolution that's happening right now, and I'm showing you how it's playing out in real time with the federal governments trying to crack down, the eights trying to exert their power and their rights, and uh, I'll keep you up to date. Thanks for listening to The Mark Mars Show.