The Mark Moss Show Mar 09, 2022

right now. I've been making content on on YouTube for several years now, and there's lots of times where over the years where I've been like, shoot, what should I talk about right now? And uh, lately, for the last like two weeks, it's like I just have this never in any amount of stuff to talk about, and it's a it's a pretty pretty exciting time. And you know, with as much information that's coming out, it's hard to one obviously hard to keep up with it. It's even

more difficult to um navigate yourself through it. So like we used to have a problem of getting information, getting information that used to be difficult. Today we have too much information. It's like a fire hose. And so now it's discerning the information or maybe even I might even say deciphering the information to understand what it means. And of course that's what I'm here for. That's what I'm that's what I'm here for each and every week, hopefully

you're tuning in with me. Try to bring you some education to kind of change your perspective, change what you think about things. Of course, bring you the latest breaking news headlines so you're up to date, because, like I said, it is coming on fast. And then of course, uh, bring to you some important guests each and every week. UM, so let's talk about some of the hot news headlines this week. Of course, Um, Canada and Russia have been

dominated the news headlines, and we'll talk about that. But I wanna talk about a couple of other things as well. UM. You know, one thing that you may not pick up on, or maybe you don't like when you listen to me, is I talk a lot about bitcoin. Um, I don't talk so much about crypto, right, I use those words, I interchange them back and forth. Um, but you know, there's a really, really big difference between bitcoin and crypto.

So a lot of times people are like, well, maybe like a Peter Shift is like, well, you know there's fifteen thousand other bitcoins, Well there's not. There's only one bitcoin, and then there's a bund there's fifteen thousand cryptos. I would also say the same thing back to Peter Shift, which is, well, there's a bunch of metal, but there's only one gold. Right, There's platinum, palladium and aluminium, steel and chrome and all these things, but there's only one gold.

And so with crypto, there's only one bitcoins. We make the distinction between bitcoin and crypto, and the main differentiation that I would make in regards to that is that Bitcoin is decentralized and censorship resistant, and it's not controlled by anyone like the Federal Reserve is controlled and they can go print more money whenever they want. Bitcoin isn't controlled by anybody, and because of that, they can't change the monetary supply, they can't censor you and all these

types of things. There's nobody to do that. And a lot of people might not like that, and it might be offended by that. And if so, shoot me a message on Twitter at one Mark Moss. I'd love to hear from you. Um, but I wanna there's an article that came out this week that I think really illustrates this. And so what we saw is um back to the kind of this Russia situation in first Canada and Russia and now the whole world, the United States and everybody's

coming after Russia with sanctions. Right, we have to sanction then we have to take away their ability to transact um and uh. And we've we have policy makers or lawmakers they're starting to call on um cryptocurrency exchanges to censor people or sanction them, whatever you want to call it, the same thing UM. And when you're you know, these these exchanges, so I'm talking like buying ance or coin

base or cracking or whatever. These are centralized companies. They're not pretending to be decentralized, right there, centralized companies UM. And you know, if the government tells them that they have to block transactions, they have to block transactions. As a matter of fact. Jesse Powell, the CEO of Kracking, I saw on Twitter somebody asked him, Hey, Jesse Powell, you know I see that the government's you know, trying

to get these exchanges to censor us. UM. Will you will you guys listen to the government, and he said, yes, we will listen to the government. We cannot protect you get your money off the exchange. So they don't. They don't pretend to be decentralized. But what about crypto um. I made a statement earlier that bitcoin is the you know, the decentralized one that can't be censored, censorship resistant, and

people don't like that. But but some news came out this week that I think kind of proves the point here. So this headline from just a day ago met a mask and Infura block certain areas amid crypto sanctions fury. The two pillars of the Ethereum ecosystem did not say which areas were under blockade. So but mark, isn't ethereum um decentralized, isn't x y z decentralized? Well, I don't believe that there is such thing as a decentralized ish,

and I guess that's really where the debate is. So we've proven that we well we know that you know, Google and Facebook and all those on Twitter, they're centralized, right. There's a server that runs the database, and there's a group of people that run it and control it, and they change the rules right whenever they want, and that's fine. It's centralized and they can do that. The opposite of that is decentralized. Instead of one database, there's a million databases.

Instead of a group of people that run it and control it, there's no people that run it and control it. Right, That's that's what it means to me. One is centralized and one is decentralized. What is it when it's in the middle, Like, well, it's it's kind of you know, it's it's kind of decentralized like a little bit, but like really, at the end of the day, like we kind of control that, we can still you know, we can still affect it. Well, is that decentralized? Ish? Does

the market need decentralized? Ish? So? Um, if you're ever trying to figure out what the heck this blockchain is, if you ever read anything that says that uses the word blockchain, just in your mind, just substitute the word blockchain for slow inefficient database. So a database is very efficient, a blockchain is a very slow and inefficient database. Now, why the heck, Why the heck would you want to

slow an inefficient database? Oh? Because the trade off you trade off the speed and efficiency, for security, for censorship resistent. So um, that is what we have. We have those two, but what is the one in the middle. So back to ethereum ethereum but mark Ethereum is decentralized. Right, Well, let's see, so like about six months ago, one of the big grapes that Bitcoin has is against ethereum is that bitcoin has a fixed supply. There will never be

more than twenty one million bitcoin um. What's the supply of ethereum going to be? Oh, that's right, we don't know. Well that was a big right for so long that Vitalic Butterin, who's the founder of Ethereum, and some of his buddies, they got together and they decided to change it. They change the monetary issuance of the protocol. But the very fact that people can get together and change that

doesn't that mean it's not decentralized. And if that's not enough proof for you, back to this headline meta mask infur a block certain areas of med crypto sanctions fury. The two pillars of the Theorum ecosystem did not say which you under a blockade? So what this is saying is that two key pieces of the etherory and ecosystem. Meta Mask and Infira moved to restrict access to users

in certain areas. So meta mask is a is a wallet that helps you hold it um and okay, mark you're saying, but that's but but meta mask is sort of like a they're sort of like the wallet, So they could block it. It doesn't really change the protocol. But Infura Infura is basically the service that runs all of the other Ethereum services, and so if they can now start blocking certain jurisdictions. To this point, how decentralized

is it now? A lot times bitcoiners, Um, there's like bitcoiners, and then there's like bitcoin maximalist, and there's like toxic bitcoiners, and there's like all these little subsets. But one thing that you know a lot of bitcoinners would say is they call everything a scam. And I don't like to just throw that word around. Um lightly um. I think

words start to lose their meaning after a while. I call it someone you don't agree with their they're racist, and it's like, come on you, you just can't just throw those words around. A scam is if I were to sell you something and then not give it to you, or give you something different in in return, right, it

would be like a scam. And so if you are told that this is a decentralized protocol and then you find out that they can just change then they can just change the monetary supply, or they can just censor you when they want. Doesn't that mean it's not decentralized. And if you were sold it that it was decentralized, then you find out it's not decentralized, would that be a scam? I'm asking a question. You can figure that out on your own, you know. Listen to the Mark

Marchell will be right back. All right, welcome back. You are listening to the Mark Ma Show. We are talking to about the intersection of politics, technology and finance. It's an amazing time to be alive witnessing altogether. We're witnessing bitcoin and cryptocurrencies and the decentralized revolution changing the world right before our very eyes. We're talking about some of the latest breaking news headlines that have come out this week.

Of course, I want to keep you up to date on what's happening and of course bring some context and and uh, I guess some of my own opinion to that as well, so you can kind of understand what's going on. Um. Of course, this whole Russia thing, Russia, Ukraine and sanctions has been dominating the headlines, and we've seen we've seen cryptocurrency come out to I guess, uh, save the day, if you will. But what's interesting is um not just cryptocurrency being used for that way, but

even in the way that it's being done so. In Canada we saw the truckers like to go fund me campaigns get seized. But here we have this Russia invading Ukraine and the Ukrainian government the act well, Ukrainian government has been out soliciting donations in crypto from the headline, says Uh. The Ukrainian government has been soliciting crypto donations from its official Twitter account in the form of bitcoin, ethereum and the dollar denominated stable coin tether wow. The

Ukrainian exchanges facilitating donations. That money is being used to support evacuees and local military personnel with drones, heat vision goggles and gas wow it says UH. The blockchain analytics firm says that the Ukrainian government has raised millions of dollars. I think I saw as of yesterday had raised like

over fifty million dollars. So not only were seeing you know, bitcoin and cryptocurrency, I should say crypto being used, bitcoin and ethereum um, but we're seeing in a government crowdfunding their own defense. Pretty interesting. Um. You know, the government, the US government's pledge to give us some money for

the for the Ukrainians. But here we have both, right, cryptocurrency coming to the forefront, and and we're watching a government crowdfund their own effort, and we're seeing people jump in. Like I said, about fifty million had been raised. Pretty interesting. Individual investors and influencers have jumped into crypto. Billionaire Sam Bankman Freed, he's the founder of ft x exchange. He gave two fifty dollars in tether. So tether is a U S dollars back stable coin, so that means one

tether coin is always worth one dollar um. So he gave two and tether so basically in dollars. Um. Chain dot Com ceo Depak whatever his name is, donated a hundred ethereum. That's pretty good. Um. I think ethereum is about three today, so hundred times would I say a hundred about twom um? Yeah, about two and seventy seven at the time. Bankman Freed also said his company f t X was giving twenty five to every Ukrainian user.

So wow, if you're a Ukrainian user, or if you know someone that's Ukrainian, they should probably go get an account there and get twenty five dollars for free. It's pretty cool. Um. So, anyway, we're seeing crypto come to the spotlight here. Um, I thought that was pretty interesting. Now, remember I talked about that price is not the most important thing to look at when we're looking at new technology.

The two things that we want to look at our user growth, the network effects and the development happened on the protocol. And so the events that happened in Canada, the events that are happening in Russia and Ukraine are driving millions of new users onto cryptocurrencies in an instant, in a heartbeat. Um. And so if we're not looking at the price, but we're looking at those other two metrics, then uh, I mean it's extremely bullish. And of course

bitcoin has rallied. Um. Cryptocurrency has rallied based off of the news. As a matter of fact, Bitcoin is up about down a little bit today, but we're up almost thirty percent from where we were just re cently. I think based off of all this attention, we see Ethereum is up about the same about um doing good. A lot of the crypto projects haven't really caught up to

that yet. So um they're up, you know, depends on which one, but might be up a little bit less than Bitcoin and ethereum, and probably because Bitcoin Ethereum are the ones getting all the action and attention al right, like I said, even the Ukrainian government is doing that. And then you know, back to these uh, back to these sanctions. Um, it's it's getting pretty popular here um. I think I talked about this in the first hour,

but you know, sanctions are basically it's the stick. It's a way to get nations to move the way that you want. And so we've seen all these companies have announced sanctions against Russia. So we see um. Visa and MasterCard have both announced they will be blocking Russian banks from their network. That's pretty serious. Now. I feel bad for the actual Russian people who may need to buy things with their Visa master Card that may not be able to. Warner Meat announced on Monday it would not

be releasing the Batman in Russia this weekend. That's kind of that's actually kind of comical, like, of all the sanctions, we're not going to give you Batman. Okay, that's kind of funny. Netflix announced Tuesday it's pausing all projects and acquisitions from Russia. Disney said, uh, all releases, all releases in Russia will be halted due to the country's attack on Ukraine. So, um, no more Disney Princess movies unfortunately

for the Russians. Uh. Pretty interesting. The thing about this is like again, this this illustrates the difference of centralization versus decentralization. Right, So these are centralized companies and you know, I guess they can do that if they want to write. Um. The difference is with bitcoin, nobody can decide that, And I get it. That's messy. Freedom is messy. Freedom means that you have the freedom to do something I might not like. The thing is is who's to decide what

you like and what you don't like. So, for example, you know in the US they want to pass these, uh, these hate speech laws. If you say something I hate, then you know you could be fined. Well, my daughter hates vanilla ice cream. If I say something about vanilla ice cream, and she hates that. Should I be find who defines what that is? Right now, under freedom, you have the right to say something I don't like, but I also have the freedom not to listen to that.

So freedom is pretty messy. But you know, back to kind of the intersection of politics, finance, and technology, UM, and what's happening over here in Russia. Not only is it pushing cryptocurrency and bitcoin to the center stage UM, and then of course, uh, lots of rules and regulations coming out on top of that. It's also perfect cover for the central banks of the United States, the Photo Reserve, to start printing more money. And we talked about this

from a financial standpoint. I've been talking about for quite a long time that the the Fed, the Federal Reserve, they're really stuck between a rock and a hard place here. If they continue to print more money to keep the markets propped up, inflation just runs too high, like gas and steak and bread. It's becoming unaffordable and people aren't

happy about that. But if they stop printing money to try to control inflation and raise rates like they promised to, then the markets start to collapse because you can't taper a ponzi. So they're kind of stuck. We're ack in a hard place. If we keep printing too much inflation, people aren't happy. So what if we pretend that we're going to do something about it, Like we're gonna pretend that we're gonna raise rates UM and then we blame

inflation on something else. So we're starting to see headlines that are popping up that says that um, because of the Russia and uh Russia Ukraine conflict, we could see inflation rages high as ten percent UM. Here we have oil jumps to the highest since two thousand eleven, as Opek holds outlook steady despite Russia's war on Ukraine. So oils jumped to its highest level since two thousand eleven. And guess what happens if oil goes up? Yeah, gas goes up. So what a good way to hide inflation

but to start a war? Interesting times. Now you listen to the Mark Moa show, We're talking about bitcoin, of the decentralized revolution. We're talking about politics and finance coming together. I got a lot more. I want to talk about the FED raising raids. I want to talk about the impact on global UM metrics UM, a lot more to cover. Do not go away. I'll be right back, all right, welcome back. You are listening to the Markma Show, and

we're talking about bitcoin of the decentralized revolution. We're talking about the intersection of politics and finance and technology together. And there's a never ending amount of news coming out right now. Now. I've spent a lot of time talking about what's going on in Russia and Ukraine and the sanctions um, because it's dominating the news headlines. But there's

a lot more going on. And just that before the break, I was talking about how you know inflation has been raging on, and what a good way to hide all the money printing caused inflation? Then to blame it on a war. It's pretty good, pretty good way to do that. I saw a headline here it says, uh, like I said, rising gas prices from rush of Ukraine conflict will hit Angelinos Los Angeleos who can least afford it. Dang gas surpast six dollars a gallon if you're in Los Angeles.

Ain't two good for years? A matter of fact, I see six dollars and thirty five cents a gallon in Los Angeles. I live in southern California, not l A. I haven't filled up my truck recently. Shoot, I'm I'm afraid to go. Look now, and it does hit the people that UM can least afford it the worst. Right, So, if you make a million dollars, the amount of money you spend on gas is a small percentage of your UM income versus if you make thirty dollars a year.

And especially what happens with a lot of lower income people too, is then they have to commute further because they have to go live where it's cheaper. So now not only that they're the percentage or the percentage of their income they spend on gas is actually probably even bigger because of that. UM so interesting way to hide this. UM war is never good. I'm not an advocate of war.

I'm not an advocate of violence and UM Like I said, Uh, it's it's all these unintended consequences that are that that happened because of this, and uh, you know, none of us care about the Russians, and I don't think the Russians are mad at the Ukrainians either. It's these leaders. We've got to put it where put your put your

angst where it is needed, not where it's not. Um. What's interesting though, is if you look through the news headlines, there's a lot of headlines that are trying to really tug on our heart strings and really get us, like really emotionally involved into this. And I would ask why, like, why is it that they're really trying to get everybody involved?

They want us to back their effort. You know that you've probably heard of nationalism, and nationalism is a way where, um, it's kind of like you know, I'm sure you know plenty of people who are like really into sports, right, football or baseball or whatever, and they talk about their team and it's and then when they talk about their game if they won, it's like we won or we lost.

It's like you don't even play all right, But people get so into their teams, and nationally is kind of the same way where they get us so into our country. It's us versus them, go America kind of a thing. Um, it's not a good situation. I'm not talking about against it, but just be aware when you're watching this information of which side you're siting on. And like I said, think about what these um knock on effects or other other effects really are I saw, um, you know, back to

the Fed raising rates. I was talking about the Feds kind of stuck between this rock and a hard place. And it seems like they had committed to raising rates about seven times they had committed to stopping the taper.

So what does that mean? So they're pumping money into the markets, they're stimulating the markets, and they want to start tapering that off, meaning they're not going to stop pumping money in, but they were gonna start tapering it, meaning cutting back the amount of stimulus they were providing. Of course, Um, they said they were going to end it by March, which is this month, and that doesn't

know it's happening. And now they're saying that, um, you know, shoot, now because we've sanctioned Russia, Um, there's gonna be a lot less dollars going around the banking system and we might need to now make more dollars and inject them into the system. What an interesting turn of events. And now it's looking like, um, the rate hikes and the SIMP stimulus could be off the table, because of course we need to have that liquidity otherwise. They're warning us

that this could cause another Lehman style event. If you don't know what that means. That goes back to the great financial crash of two eight um. Leeman Brothers was the first investment bank that went under and then it dragged the entire banking system down with it. And so they're saying we could see another Lehman style event by sanctioning in Russia, it could actually crash the markets unless

don't worry. Don't worry, don't worry, unless unless the central banks can come to your rescue and they can jump in and uh, you know, pump the money back up. And it's not just the sanction itself that's causing it. Other areas are For example, UM, here's the headline says Russian money flows through US real estate now. It says despite new sanctions, Russians have spent years pouring funds into properties.

As President Joe Briden Vote vows to punish Russia with financial sanctions by seizing yachts, mansions, and other assets, members of the real estate community and lawmakers are skeptical about how successful he'll be getting access to the money Russians

have been pouring into real estate for decades. So UM kind of on the West coast in UH, in California and Washington and Vancouver, you have the China and Ease and they've been buying up the West coast, and I guess over on the East coast you have the Russians that are buying that up. And of course they are right. If you live in a country that tells you that they're going to freeze your money or seize your money or steal your money whenever they want, then you're highly

motivated to not keep your money there. So if you're in China and you know that if you say the wrong thing on social media, you say the wrong thing, your government could disappear you or freeze your accounts, then you're gonna get that money out. You're gonna go buy real estate in Vancouver or San Francisco, and you don't care if you pay over market value. You don't care.

If you pay over market value and it drops by, you don't care because it's better than the alternative of leaving it somewhere where you could lose all of it. And the same is true for the Russians as well. And so we've been seeing that it says UH at a minimum from cases report in the last five years, more than two point three billion has been moved into US real estate. Wow, So they're saying that it could also cause the real estate market to crash. Now, do

you have a tenfoil hot next to you. Let me just go ahead and throw that on for a second. Let me explain something to you here. If you go back through history, anytime there's a financial crisis, war seems to follow. Now we're at a situation. So in President Richard Nixon took the United States off of the gold standards. So the entire world's currency, we had a one world currency was a gold standard. The dollar was backed by gold.

All the currencies were pegged to the dollar. One. Just over fifty years ago, that was severed and we went into a free floating currency called a fiat currency. Fiat means by decree. In fifty years, since it was no longer backed by gold, they have no backing. In fifty years, they've created over three sred trillion dollars out of thin air. Now, central banks have two tools. They have interest rates and they have the money supply, So the interest rates um.

If they lower interest rates, it encourages people to borrow more, which creates money but interest rates are at zero or negative in most parts of the world. That tools gone. They've created over three d trillion dollars a matter of fact, over twenty trillion dollars just in the last eighteen months. How much more can they create? And the more they create, the more inflation we get. Now, if you and I were playing a game like a board game, and now I was out of moves, You're out of moves, what

do we do? Well, we reset the game. The financial system has to be reset. Now, this is not a conspiracy. Um eighty years ago was reset and onto a gold standard, the Breton Woods Agreement, and the I m F is now calling for a Breton Woods to What does that mean? Well, Breton Woods one was reset in the global financial system. Breton was two. Is the same thing. And what a better way to blame a crash of the financial system, a reset of the finance system, than on a war. Hey,

the real estate market crashing wasn't our fault. We had under control. It was because the Russians right, We had everything under control. It was if it wasn't for those pesky kids. If you guys, if you guys used to watch Scooby Doo if it wasn't for those pesky kids, if it wasn't for these pesky Russians, we we had everything under control. The markets were fine, but now you know,

it's all crashed. Now, all these pensioners lost their pensions. Now, all these entitlements that we owe, we can't afford to pay them anymore. But but it wasn't our fault. We had it. We had it. We we were good, we were gonna the Fed was gonna give us a soft landing, right, But now we can just blame it on the war. It's all their fault. Um. The key is that nobody should be in charge of manipulating the currency, which is of course why we need something like bitcoinity centralized protocol.

You're listening to the Mark Moa Show, and of course that's what we're talking about here, Bitcoin, the decentralized um revolution that the world is going through, how it's affecting politics and financed, very very interesting. I got a lot more to cover, so don't go away. I'll be right back. All right, everyone, Welcome back to the Mark ma Show. We're talking about the decentralized revolution that we are living

through we're witnessing right now. Of course, we're talking about how this intersects politics, finance, and technology, all three that are changing the world as we go through it. I'm trying to bring some uh, you know, perspectives and relevance to what's going on. And we're talking about some of the latest breaking news that's been going on. Of course, um, the Russia Ukraine conflict has been front and center for

the world. But I think more than just looking at that, you know, obviously not trying to dissect it from a political standpoint, I am no Um, I'm no expert in Ukrainian or Russian politics, so I don't really have a lot to add there. But I think from a financial standpoint, it's pretty interesting to take a look at and then to really kind of think about some of these ripple effects that are caused by that. I see this article it just came out. Economic dangers from Russia's invasion ripple

across the globe. It says the repercussions are menacing the global economy, shaking financial markets, and making life more perilous for everyone. And it says, here's a quote from Clay Lowry says, we are actually an uncharted territory and if you think about it like part of it is because

the world is so connected together. Um so uh. President Biden said that we're going to take away Russia's ability to have high tech, high technology, and they he plans to do that by um taking away their ability to get micro chips or microprocessors. And I saw Taiwan, who was a major supplier of those, came out in support. And so we stand with Ukraine, we're gonna stop them.

But like it's interesting if you if you really dig into that for a second, it's like, well, okay, we're gonna prevent them from getting microchips, um, but where do we get the supplies to make the microchips, Like we need like rare earth elements and minerals, and like where did those come from? Oh, they come from Russia. Uh. And Russia gets I think seventy of them from China anyway, and China has not come out in favor of any

type of sanctions. So if we are going to sanction Russia from getting chips, then they just sanction us from getting supplies we need to make the chips. It's pretty interesting how that works. UM. And we found out like when the pandemic broke out, UM, shoot almost two years ago as when we first had lockdowns. Pretty pretty crazy how fast things have gone by. But we saw it like in the United States that we couldn't even make our own um PPE, like our own face mask and

stuff like that. It all came from China. We also found out that UM back to the rare Earth elements, the r E s UM, those are like magnets and they go in all kinds of technology today. Right, so we put them in UM missile guidance systems, We put them in in the consumer electronics as well. But our military needs them for the submarines and for the missile guidance systems and things like that. And uh, we don't have any in the United States. It's we get them all from China. And so how could the U S

sanctioned China? How could the US go to war with China if we can't even equip our military without getting stuff from China. And so the whole world is really really connected together. Now Russia and China have appeared to get together against the United States and so UM. I suppose that the USA and China could just say, well, we're not gonna do business together anymore. But if the

US didn't buy Chinese products, then China falls apart. And sure Russia could just buy from China, but Russia is a very very very tiny um economy, so they can't really pick up for what the what America would drop off. And of course, so if America drops off buying stuff from China and China falls, but America can't stop buying stuff from China because we need it, and so the whole world is very very connected. Um, it's gonna be

interesting to see how this plays out. I don't really have any prediction, although I guess I do say that I believe the world is going to be much more decentralized, and so we're kind of going to what I've been calling they blow off top of centralization. A blowoff top

is typically used in financial terms. So if you were to look at like the dot com boom in stock market in the late two thousand's or the bitcoin boom in seen um, a blow off top is where the markets start to gain so much steam, so much momentum, they go into like this parabolic, straight up stage, and as it's going up, it just sucks in more, and it sucks in more and sucks and more. It makes

it go up even faster. And at the top of that market before it blows off, it gets very volatile, meaning it goes up and down, up and down, up and down really fast. So when bitcoin was in its parabolic run in before it blew off all the way from twenty thousand back to three thousand UM, he got very volatile. We saw it dropped I think thirty percent like every month, which if the stock market drops by like three percent, that's a big deal. It dropped by

thirty every month. They got very volatile at the top. And that's exactly what's happening with this peak central as a ation, the whole world has become so centralized and so connected, and it's gotten faster and faster and faster. The more that it's gotten connected, the more it has become connected. And I think a lot of people have just started just giving everything to the nanny state. Right, we don't want to deal with the health care, so you just take that over. And we don't want to

deal with education, so you just take that over. And we don't want to care, we don't deal with taking care of the poor, so you just take that over. And we've we've got to this point of peak centralization, and of course, as I said, and a blow off top, it's the most volatile at the top. And so that's what we're seeing right We're seeing protests happening all around the world. People are pushing back, and war is breaking out, etcetera.

And that's exactly what happened. And it ultimately starts all from the money supply. If we chase all of these problems down, and we chase them and all the way to their base, what we see is it's always the money supply, um and it's through creating all this fake fiat currency that we've allowed these institutions to get so big and get so much power, and it has a lot of impact in the other areas that you maybe

don't think about. There was a headline I saw this week that's kind of unrelated to what we've been talking about, and it says Amazon to shut its bookstores and other shops as its grocery chain expands. And so Amazon set on Wednesday it plans to close sixty eight of its brick and mortar bookstores, pop ups and shops carrying toys and home goods in the United States and Kingdom, ending some of its longest running retail experiment. So it's going to close all of them all sixty eight if you

think about Amazon for example. So Amazon, you know, came on the scene and it's destroyed small businesses. It's destroyed mom and pop shops. Um, and you know, I love Amazon. I don't like Amazon, but I use Amazon all the time because one, it's cheap too. It's a good way to find you know, what I need in three It just delivers to my house, you know, same day or

next day. I lived in Puerto Rico all last year and one of the things that I had a problem with in Puerto Rico's Amazon Prime takes like two weeks to get there, and that was that was difficult to get used to. But um, but what Amazon has done is all these specialty retailers, all these mom and pop shops have gone on a business. Now. Amazon has been able to undercut everybody because they're tapped into the money printer. So the way that the money printer works is something

known as the cantilit cantil on effect. The cancel on effects says that whoever is the closest to the money has the advantage, and as the money trickles down to the system. UM it affects people adversely. So UM Amazon has been able to grow so big because they have access to all this almost free capital. They've been able to get all these investment banks to give them money

right there, through through listing themselves public, et cetera. And because they have all this money, they were allowed to blow up, get gigantic, and lose money year after year after year after year by undercutting all these people. Now, as a small business owner, I can't do that. I can't run my business that a loss because I don't have access to that free money. Right So, they were able to run at a loss for years and years and years and years and years, putting all these people

out of business. And now what happens. They just announced they're going to close all of their brick and mortar store. So all these where they where they opened up, all these brick and mortar stores, they probably put small businesses out of business around there, and now they're just going to pull out. It's a big problem. And the reason why I bring that up after I've been talking about Russia, Ukraine and sanctions, is because it all goes back to

problems of the money printer. If it wasn't access to unlimited um liquid capital, free money. If you will almost then this would never have happened. These are the unintended consequences that we've been talking about throughout the day. Hopefully that makes sense. And of course, the way that we get around it is so that we don't have a money printer, so nobody is allowed to create more money

for themselves, nobody has control over the financial system. That is what will lead to a much more free and fair world, at least in my opinion. I'd love to hear how I'm wrong. Send me a message on Twitter at one Mark Moss, I'd love to hear your take on it. By the way, you're listening to the Mark mo Show, we've been talking about big one of the

decentralized revolution. We've been talking about the intersection of politics, finance, and technology, and I'm just sitting on the sidelines watching it all go by and I'm reporting it to you. Hopefully that makes sense. Um. Like I said, send me a message at one Mark Moss, I'd love to hear what you think. And that's what I got for you today. Thanks for listening.