The Mark Moss Show Mar 21, 2022

are changing the world as we know it. Of course, we're talking about bitcoin being the catalyst for this decentralized revolution. You know, when we look back throughout history, we can see that the big what we call mega political events that change the world literally change it from a feudal system to a capitalist system. You know, on and on and on. The way that we've centralized around um countries

and cities and factories. All of these things have to do with technology because it changes the way that we communicate and we organize, we work, etcetera. And so you have to understand these three things together. I've been talking about for about a year and about a year on this big thesis. I'm actually writing a book for it. It'll be out one day someday soon. Um, but I'm

talking about these three converging cycles. So there's a two fifty year political revolution cycle and eighty year financial revolution cycle in a fifty year technological revolution cycle, and all three of those are converging right now, which is why the world seems like it's going so crazy. If you understand those three things, then you can understand what's going on right now a little bit better, and more importantly,

where the future is going now. Um, while a lot of stuff we talk about, or I should say I talk about if you watch my YouTube channel or listen to me on on the radio here in the podcast, UM, maybe it sounds like doom and gloom because there's a lot of bad things going on in the world today, But that doesn't mean I am a doom and gloomer. As a matter of fact, I have massive hope for the future. I have massive hope for my kids future, my grandkids future, um that I'll have one day. I'm

not that old yet, but but it is. It is full of doom and gloom, and UM, it's important to understand what's going on in context because the future still not written, and so it's up to us to understand what's going on. So we can affect the change and we can get the future that we want. And so that's why I talk about these things every single day.

My my motivating factor is taken from a quote by one of our founding fathers, Samuel Adams, and he said that it does not take a majority to prevail, but rather a small, irate minority keen on setting brush fires in the minds of men. And so that's what I'm doing. I'm trying to put out as much content as I can to continue to light these brush fires in the minds of men that you may continue to spread these

brush fires onto other people. And so if you're not already tuning in every week, I encourage you to do that. If you're not driving, pull out your phone right now, put a calendar reminder for this date, this time, this channel, and make sure to tune in with me each end every week. And if you miss me, don't worry. I got you covered. Just search Mark Moss podcast, Mark Moss I Heart, and you can find my podcast and you can catch up there. Um. Of course I'm on YouTube.

You can search Mark Moss on YouTube and of course on Twitter. I'm I'm too active. I shouldn't be as active as I am on there. You can find me there at the number one just at one, Mark Moss and uh at me, send me a message, let me know you heard me on the radio. Some of your questions. I'll make sure to get back to you on that. UM and if you'd like to hang out in person, I'm going to be at the Bitcoin Conference coming up

in um in April. That's gonna be in Miami, and then I'm also going to be at my own conference called Market Disruptors Live, and that's going to be in May in Dallas market Disruptors Live dot com. If you want to hang out in person, I'd love to meet you in person. Uh. You know, I've been talking to a camera for so long. I'm talking to this microphone for so long, and it's great to meet the people that are on the receiving end of this content. Uh So, man, I'd love to meet you. Come out to one of

those events marketstucts Live dot com or the Bitcoin Conference. UM, shake my hand and tell me what you think about the content. I'd love to hear or like I said, at me on Twitter, but I want to cover some stuff today. I got a lot of ground to cover. So um. Some big things. A couple of things. One UM, I want to talk about inflation. I know I've been talking about it a long time. I get it you've probably heard a lot about it. But I'm guessing what

you've heard is probably not right. On my YouTube channel, I say that I'm trying to change the way you think about money because almost everything you've learned is wrong. And so I saw some disturbing things this week. We're gonna get into, um, a bunch of TikTok people talking about it completely wrong, and even President Joe Biden's got it completely wrong. And so I want to bring some perspective to that. I want to talk about the real

cause and effect. I want to talk about what inflation really is, because everything you've been told about that is wrong. It's a lie. Um so um. When you're getting bad data, then it leads to you making bad decisions. I want to clear that up. I want to talk about the FED. Can they stop inflation? Uh? They have a plan, will it work? We'll talk about that, and then Uh, I want to I have some some data. I got some some actual numbers that I'm gonna I'm gonna lay on

you to break this down. Um, as my research analyst Luke calls out, I'm gonna bring the receipts. I'm gonna show you the facts here in this case, not show them too, but I'll tell you. I'll tell them to you over the over the over the radio here. UM. So a couple of things. UM. Like I said, inflation, inflation is raging on. UM, it's not a big surprise at this point, right, We've been talking about it for over a year. UM. This week, this last week, I

saw Tucker Carlson on Fox News. UM ran A ran an episode called Inflation Nation, and I think that episode had like three million views already. It's amazing that this these types of topics are getting to that big of an audience. And that's one of the things that encourages me back to these lighting brush fires. Right, UM, three million people watch that video and woke up to these facts. UM. I'm gonna continue to spread them and hopefully you'll continue

to pass those on. Let's continue to spread these brush fires. But UM, this inflation Nation, it's it's not new, but we were told that when inflation was at like four Well, first of all, if we go back, you know, a year and a half ago, two years ago, we had no inflation. We we the Fed couldn't get enough inflation. As a matter of fact, inflation was like one percent, one and a half percent, and we're just trying to get more inflation, supposedly, was the thing. Um, and then um,

we started getting up to three four percent inflation. And then the story changed to it's transitory. You remember that it's transitory. What does that mean. Well, it's here, but it's it's gonna go away, all right, So then it's transitory. Now this is the this is the Federal Reserve, the Central Bank of US. This was the Biden administration. Jen Sakis, Press Secretary. It was the media all claiming that inflation

was transitory. And that was over a year ago. Okay, So they were admitting that it was here, that we had inflation, but it would go away. Then they pivoted to, well, maybe it's not transitory. Maybe it's here. So now it's a problem and it's not going to go away. Now it's persistent. And again this was the Biden White House administration. Jen Saki, this was the Federal Reserve. This was the media all telling you, okay, it's not just transitory. It's

here to stay. And then the Fed actually came out and said, okay, shoot, we had a we had a serious problem with inflation, and now we're going to do something about it. So we are going to do two things. One we're going to start raising interest rates, and two we're going to start tapering the amount of bond buying, the amount of bond purchasing, or the amount of money

monetary stimulus they're doing. So now it went from it's not we can't get enough to Okay, it's growing, but it don't worry it's gonna go away to oh shoot, it's not going to go away, to oh shoot, we better do something about it. And so we're gonna stop creating money, stop increasing them entary supply, and we're gonna raise rates. Now we're being told by Biden himself, I got a clip I'm gonna play for you in a minute.

We're being told by Biden himself, we're being told by influencers on TikTok that I think the White House is putting on that it's actually Putin's fault. So how did it go from we couldn't get it to it's gonna go away to um, oh shoot, it's a problem, to oh, shoot, we better, we're gonna we're gonna make some changes now, to oh no, actually it's all Putin's fault. But Putin wasn't. They're causing problems for the last year, and it comes from a gross misunderstanding of what this is. But I'm

gonna clear it up. It's actually very simple. It's actually way more simple than you might believe. They make it overly complicated so you don't understand it. I'll break that down for you. Um, and then we'll talk about, like I said, what what Biden? And what the TikToker said? I want to I want to give you a quote from Vladimir Lenin, who actually predicted this would happen about a hundred years ago. Um, and then we'll talk about

can the Fed actually do something to stop it. I got a lot of stuff to cover um in this in this segment, so make sure you stick around. I'm gonna listening to the Mark Moss Show. I got a lot more about inflation. Don't go away, I'll be right back, all right, Welcome back here, listening to the Mark Moa Show, and we're talking about the intersection of politics, finance, and technology.

Of course, like we do each and every week. You should know that by now, because you should be tuning in each and every week, and if you're not, put a calendar reminder on your phone so you don't miss me at all. Of course, we're talking about the decentralized revolution, the way that the world is changing right before our very eyes. Before the break, I was talking about inflation. Tucker Carlson ran something called Inflation Nation, and uh, I

talked about this changing narrative. How the the Biden White House, the media, um, and even the Federal Reserve changed from we don't have inflation, we can't get inflation even if wanted it to. We have it, but it's gonna go away to oh shoot as a problem, to only oh shoot, we better do something quick you Oh it's actually it's actually Putin's fault. How how quickly that changed? Um, So I wanna talk about a couple of things now. Um, one of the biggest drivers of this is gas prices.

So the media we basically think whatever they want us to think. Now, I guess I'm talking to you over the radio, So I guess I'm part of this media, But I'm not part of the establishment media. Um and really big tech you know, Twitter, Facebook, Um, et cetera, Instagram, as well as the big you know media conglomerate glomerates. They basically they you basically think whatever they want you to think. So, for example, every story could be somewhat neutral.

So like, obviously there's a war going on in Ukraine. I believe that to be true. I believe that Russia is there and their soldiers there, and there's probably bombs dropping and people have died. That is like factual, I'm sure. I mean, maybe it's all fake. I don't know, but I believe it to be factual. Um. But the story that we're told about it, does the media show us pictures of kids on the street crying and dying? Or do they show us pictures of soldiers marching? Do they

show us pictures of heroes? So like, what is the narrative of those facts are telling us? And that's kind of how it works, um. And so they can tell us that inflation is going away or that it's not a problem. They can hide any talk about inflation, so we don't even hear about it. They could tell us that you know, all these things, but they can't change the fact that when you go to fill up your car at the gas station, you're gonna notice it. I drive a truck, and I noticed that my price of

gas doubled. In a matter of fact, UM, I can't fill up my gas tank anymore if it's not empty, because my credit card doesn't go up high enough. UM. So that's a problem, and they can't hide that fact. We know that. UM. But apparently this is all um, it's all uh Putin's fault. Or is it the greedy corporation's fault? I mean it's it's got to be somebody's fault.

Anybody about Biden's right, Um, it couldn't be that. UM. The very first day he took office, the very first thing that he did was to sign an executive order, which means I'm the king, and I don't care what anybody else says or what anybody wants. I'm going to declare there's a war on oil. UM. And he shut down UM oil oil permits. UM. He also put us back, the United States, back into the Paris Accord, which means we have to bow down to global E s G narratives,

global energy narratives. UM. And then he elected um uh. Samara Amarova in to be the head of the o c C, the Office of the Comptroller Current Currency, which basically runs the banks. And she didn't end up getting elected, but he nominated or he wanted her to be. And she said, quoting her that we want oil companies to go bankrupt end quote so UM. If he shuts down all their leases on day one, says that they have to be regulated the global energy standards. Day one, there's

an all out assault on oil companies. He hires somebody that says, we want them to go bankrupt. What do you think those oil companies are gonna do. Do you think they're going to and you to invest into their companies? Do you think they're gonna continue to find new oil? Are they going to continue to bring more oil to supply? Why would they when they're being told that we're shutting you down and where our goal is to make you go bankrupt. Right, So you have to kind of go

back to the beginning. Now, when Biden first took office, Now, when we knew, you know, when it was him versus Trump, we knew Trump was very pro energy, pro United States energy um and so um the amount of energy the United States produced, both natural gas and oil was some of the highest in the world under Trump, and we knew that Biden was going to be um hard on that. I mean he ran on that um and so um

already from November of UH. In November at the election, UM, when it looked like Biden was going to take office, that the markets already started to turn. Of course, Then in January UM of twenty one, then he, you know, took office, and we can really track this through and see what happens. I'm gonna I'm wanna play I'm gonna give you some actual numbers, but I want to play this clip from You're here. I have a clip of Biden right now, UM talking about He says, make no mistake.

Let's go ahead and play a qu clip. Number one. The second big reason for inflation is Vladimir Putin. From the moment he put his over a hundred and fifty thousand troops on the Ukrainian border, the price of gasoline in January went up seventy five cents mm hmm. So it's all Putin's fault, has nothing to do with him shutting down oil companies or any of that. So let's let's take a look at that. So obviously, I'm sure you're aware that the price of oil drives the price

of gas. Right, let's cause an effect. So, um, we can see that Biden won the election in January or basically in November, took office in January of January. Um. And at the time when Biden won the election, oil was thirty five dollars a barrel. Since then oils rallied from thirty five all the way to over a hundred dollars a barrel. Now that was for the Russian invasion ever took place. All right, Now there's an increase of a hundred. So that was a hundred and seventy increase

before the Russia and Ukraine War. Now has it gone up since? Of course it has. Yeah, it went up even higher. Um. It jumped from a hundred up to I think about a hundred and thirty and it's back down to about a hundred now. But it jumped to that price from thirty five to a hundred before the Russia of Ukraine War. So um again, Um, the markets are like what we call um discounting mechanisms, so they're

trying to price events in before they happen. So you're trying to buy a stock before it goes higher, or're trying to sell a stock before it goes lower. So you're always basically betting on what the direction is. And so UM. The price of oil started going up when people knew that Biden was gonna have a war on oil and that they should start, um, you know, buying futures,

and I'm preparing for it to go higher and higher. UM. The day he took office, I made a prediction that I thought gas would be ten dollars a gallon before he left office. Now the time the national average was I think about to something UM. So that was pretty big claim. There would go up like a five x UM. But here in California and Los Angeles already seven gallon, seven fifty a gallon. So all of a sudden, my ten dollar target looks like I might have way undershot

that UM. But anyway, back to back to putin that he said, Uh, Biden said, putin UM as soon as he put the troops on the border. That's why gas got more expensive. And I'm here to tell you factually, no, it was thirty five bucks of barrel when he won elect when he won the election, and it was a

hundred dollars of barrel the day that the invasion started increase. Um, big deal and um, like I said, oil did shoot up a little bit higher, but it's back down to about where it was at the time of the invasion. Now it is waiting for our gas to gas prices to start going back down. Um. I have one more clip. Let's go ahead and play that one. Make no mistake. Inflation is largely to fall to prutent I love you know the republic sayings Biden's gas pipeline bye bye bye.

Biden said he's gonna stop the Keystone Popan pipeline and I did. Yeah, So here he is it's self admitting that he stopped the pipelines. But but there's more to it. Like I said, this is a little bit difficult to understand. I'm so I'm gonna I'm gonna unravel it for you, and then I'm gonna make it so simple that even an elementary kid could figure this out. All right, So I'm gonna unravel it. Bear with me, and then I'm

gonna make it so simple now. Uh. Former Obama bizarre Steve Rattner said, it's Biden's inflation needs to own it. So people get it, but I want you to get it. So I'm gonna come back with that. I'm gonna listening to the Mark Moa Show. We're talking about this decentralized revolution, the intersection of politics, finance, and technology. Of course we're talking about bitcoin and how it's changing the world. I'm gonna come back, like I said, unravel this and make

it so easy even your kids could understand it. I got a lot more to cover, so do not go away. I'll be back. All right, Welcome back. You're listening to the Mark ma Show. We're talking about the intersection of politics, finance, and technology. I call it the decentralized revolution, and it's really being led by bitcoin. It's changed in the world

as we speak. And a lot of times you may not realize that bitcoin just seems like some old relic, it's some new technology, it's like digital cash whatever, and it is all those things, but it's going to be so much more, and it's really fueling a lot of what's happening today, which we're going to discuss. But we're talking right now specifically about um inflation UM specifically at this point talking about the prices of things going up and mostly your gas prices going up. I hear feel

it trying to fill up my truck with gas. Um. And uh. I played some clips of Biden saying that, hey, it's not my fault, it's Putin's fault because uh, you know, the day that he put soldiers on the border went up and I laid out for actually that's not the case. It was thirty five bucks a barrel when he took office, and it was a hundred dollars nine dollars a barrel when the Russian invasion happened. It was up a hundred swo percent. Um. And you know we have him, we

have Biden talking about this. I saw a clip of jen Psaki, the bidens that um, uh you know Press secretary, and she came out and said, um, you know, we know what the problem is. Um, it's not it's not the government spending this the problem. The problem is it's these oil companies. These oil companies, Um, you know, we have all these leases open, all these permits. They could just start drilling if they wanted to, and it's their fault that prices are so high because they won't come

and drill. Apparently, according to her, well, um, that narrative seems to be spinning up quite a bit. UM. We saw over the last week there was a group of influencers on TikTok that seemed to maybe be put together by UM, probably by the White House, I'm guessing UM. And they said that they don't think that government spending or money printing has anything to do with inflation or the high gas price is they said, quote, it was

corporations making things so expensive. It's the corporation's fault. They're the ones that raise their prices, right, it's all their fault. Let's blame it on the Why don't they just keep their prices down? Why are they causing inflation? Man? What a failure of our education system of people honestly believe that. Um. On top of that, we saw UM a group of Democrats has worked to submit a bill to create massive, massive,

massive taxes on oil companies on their profits. They want to take up to fifty of their profits and then somehow redistribute them back to everybody, or well not everybody. You know, if you make under steventy five dollars a year, So that's what taxes are. Taxes are for redistribution. UM. But they want to take away profits. So, um is it that businesses are greedy? Um? Is it? Like Jen Psaki says that they just they could go get the oil, they just don't want to. Well, why don't they want to?

I mean they're in the business to produce oil. If they could produce oil, don't you think they would? I mean the goal of a business is to expand and grow the business and produce profits. So if like she says, that there's just there's all this land and all these permits available, they just they just won't do it. Why wouldn't they mean don't they want to make money? Isn't that the goal? I mean, don't they have shareholders that demand they make money. I've been an energy of investor

for over a decade. I invest in lots of oil companies and I want those investments to go make as much money as possible. That's why I own them. So if, like Jen Psaki said, if they could just go do this, then why aren't they Well because they can't do it profitably. They can't do it profitably. Now you might uh might not remember, you might not know, you might not have been paying attention. But um, the last year was very

difficult for oil companies UM. In March, the price of barrel barrel of oil dropped below it was negative thirty five dollars. Now, I was actually working on a new deal. I was building on a bitcoin mining company with on in conjunction UM as a subsidiary company of a publicly traded oil company at the time, out of out of Texas, out of Dallas, Texas and uh Man. We were so close. We had everything done, all the legal was done, we

were on the road, we were raising money. And right when that happened March, it drove the price of the oil down solo that the company went bankrupt. UM lots of companies went bankrupt. The entire oil industry was completely shattered, shaking up. Lots of companies went broke. The ones that did hang on still suffered greatly, right, and so they're still licking their wounds from this. Now. As a business owner,

I mean you're with it for better or worse. As a business owner, A lot of people don't understand this, but your employees get paid before the owner does in a in a situation like that, these companies lost millions or collectively billions of dollars through that period. But you know they stomached it. They held on the investors. Poe need up more cash because they believe that the future they could get those profits back. So they lost a bunch of money and now they're trying to get some

profits back. But that's a problem. That's a problem. How dare these companies make a profit? Let's tax all their money away, and so what do you think is gonna happen? These oil companies don't want to go get more oil. They don't want to bring it to the market. In addition, as you heard about you heard from that previous clip last at the last segment, Biden talking about shutting down

the pipeline. So let's think about this. So if we had a pipeline, then the oil could just flow through the pipeline and that's basically free and and it's a mission free. So for all of these carbon hysterics that believe that this carbon output is is killing the world, imagine all these trucks driving up and down across the country releasing more carbon. Wouldn't it make more sense to put it in a pipeline and let it flow. So

that's good for the environment. In addition to that, um if gas prices go higher, and trucks have to drive thousands of miles to deliver the oil. Wouldn't that increase the cost? Would in a way to bring that cost down would be to actually just put it in a pipeline. No, but they canceled that. Never mind that, so never mind the environment, Uh, never mind the prices will just shut all that down as well, and it and it really goes back into them not understanding how this works at all.

It's the corporations that are greeting they're charging too much. Now this tax, they say, it's only going to be applied to the top thirty percent of companies, the really big companies. The seventy percent of companies are under that threshold and it won't really affect them. But think about this competition. If we if we truly lived in a free market, well, then if seventy percent of the market isn't gonna be regulated, wouldn't they be keeping the in check.

So let's say the third percent said, nope, we're gonna we're gonna gouge everybody. We're gonna quadruple our prices so we can just make these crazy profits. But the seventy percent of smaller companies are going to sell for cheaper. You can't raise your prices crazy amount when you have people offering the same thing. Now that's for commodity services. Obviously, a Gucci purse or a Loop Vatan purse can sell for way more than a no name per set, you know,

Walmart um. But that's that's because of the brand. That's a premium brand. But in a commodity like oil um, you don't have that. And so whether I'm buying my oil from Shell or BP, or I'm buying it from X y Z small company, it doesn't matter to me. It's just oil. And so these companies, these they don't control the market. If they're if they're if they're raising their prices some order absorbing you know, crazy amount, these

small companies are going to keep them in check. So it's a it's a full misunderstanding of how business works. And of course, of course it is right. None of these politicians have ever spent one day in the real world. They've probably never had to balance their budgets at home. They've they've never had to deal with a business, and they have no idea how it works. They have no idea that businesses actually lose money. In the hopes of

one day making it back. They have no idea that it's actually the hope of making a profit that even gets them to start the business in the first place. Nobody would start a business if there wasn't hopes of making a profit. That's the whole point. And sometimes my profits, sometimes I have no profits, sometimes I lose money, and sometimes I make big profits. And hopefully at some point

and evens out. And if I could sell the oil for cheaper as somebody else would, and that competition would force me to lower my prices, that's the way this works, all right. Now, Now that I've said all that, I want to explain to the very easy way, the very easy definition, the easy way to understand what inflation is. Because they've got you all confused, and and I don't blame you. I don't blame you. That's what that's what

school has done to you. So I want to show you the easy way, and I'm gonna show you with some more actual, factual numbers to explain this for you. And then I'm gonna go back to a quote about a hundred years ago that UM basically said this was going to happen, all right, UM, And then later we're gonna talk about UM. Like I said, can the Fed do anything to stop this? And the Biden administration do anything to stop this? Then what should you be doing to prepare? I got a lot more to cover, um

in a short amount of time. You're listening to the Mark Moa Show. We're talking about the converging cycles of politics, finance, and technology all coming together. We're talking about this decentralized revolution that is changing the world right before our very nice. Um. It's scary, it's uncertain, but it's also exciting. History books will be written about this period of time, and I'm here to bring it all to you in context so it makes sense and you know how to navigate it.

I got a lot more when I come back. Don't go away, all right, Welcome back. You're listening to the markma Show and we're talking about the converging cycles of politics, technology, and finance all coming together. It's being caused by this decentralized revolution that is happening right now. It's being fueled by the catalyst that is bitcoin. And I get it. The whole world's crazy right now, UM, and it's crazy

because of these events happening right now. But it's actually not that crazy when you understand it, which is what I'm trying to break down to you each and every week. So make sure you don't miss a show or you could miss something big. Now, before the break, I was talking about what we've been talking about, prices going crazy, UM inflation, the government's number inflation being super high. We're

talking about gas prices being super high. We're talking about how, uh, the media or the White House and social media doesn't want you to understand the real causes. Biden said, it's not my fault, it's Putin's fault. And then I kind of gave you the numbers to show that's not the case. Talked about how some TikTok influencers are trying to kind of explain, um, that it's these greedy businesses charging too much.

And Jen Saki from the White House says that, um, there's plenty of oils the oil companies could get in the US if they just wanted to go get it, but they don't. UM. She doesn't say why they don't. UM. I guess she doesn't understand that there to make a profit and if they could, they would, but they can't, so they don't Um, you've probably heard that saying before. Um, But like I said, these are these they seem like complex subjects, but they're really easy to understand. So let

me just break this down for you. Simply, Inflation isn't prices going up. Prices going up is the cause of inflation, and prices go up different. So the price of a home on Lake Travis outside of Austin, Texas went up a hundred and fifty percent. That was inflation on a home there. The price increase on a home there where maybe in Middle America, in in Missouri or Arkansas, homes

went up seven See, so inflation is not the same. Um. If I just live in my parents basement and watch Netflix and eat eat frozen meals all day, inflation barely affects me. Or if I'm trying to send my daughter to college and buy a new house in southern California, inflation impacts me massively. So inflation is different depending on who we are, and impacts is all different. Prices are different everywhere. There's trillions of inputs as to why prices

may go up. So obviously, with the Russia War, we don't have enough oil coming onto the market. That's the supply goes down, it pushes up the price of oil go up. Um. You know we've heard about We've heard about supply chains breaking down in the United States, ships being off the coast of California, they can't get on loaded. Supply chains are causing prices to go up. All these things, Okay, but again, prices going up is the result of inflation.

They are not inflation on their own. So what's inflation. We'll imagine a balloon. If I was going to inflate the balloon, what would I be doing. I'd be blowing air. I'd be adding air to that balloon. I'd be increasing the volume, increasing the the volume of that air, which then makes the balloon get bigger. So prices don't go up in volume. M. What happens is the money supply does when you increase the monetary supply the amount of dollars in existence. That's what inflation is. This is from

the Austrian economics viewpoint. If you've never heard about Austrian economics, Um, then you're really missing out and you're really not understanding what's going on in the world. Uh. Schools want to teach you about what's called typically Kinsian economics um, and it's all wrong. So from an Austrian viewpoint, they say that it's always about the money supply. When you increase the money supply, um, then you have more money chasing

the same amount of goods and services. Remember, money isn't wealth. Money measures wealth. Money helps us acquire wealth, it's not wealth itself. If I was on a deserted island with a billion dollars of cash, a billion dollars of gold, and a billion dollars a bitcoin, but I had nowhere to spend that money. I had no food, no vote, no cell phone, no nothing, that money is worthless to me. It's only worth something to me in in as far

as I can buy goods and services. So if we have more money chasing the same goods and services, prices go up. That's what happens. And so that's exactly what happened. We saw inflation was one two percent in November when Biden won the election. It's at eight percent today, So from one percent to eight percent, But again that was

what they with the government measures as inflation. But we have to go back and look at the money supply, all right, that's the thing that we have to look at and so we can see that the money supply, the amount of money in circulation, and the dollars in circulation went from I went up about thirty five. So when you increase the money supply by that money goes into different goods and services at uneven rates. So nationally, home prices were up about. Nationally used cars were up about.

But that's nationally, that's averaged out of course, in some areas they went up way more. In some areas they went down more. And then it starts to create all types of other distortions throughout the market. So then we have all this money sloshing around the system, which so then a lot of money goes into these assets asset prices. So then we see, you know, houses going up, we see stocks going up. People are now have all this

extra money, so then stocks are going up. And then so then people want to start trading options on robin hood, and they want to start trading cryptocurrencies. And at the end of last year we had the record amount of jobs it's ever in history. That means people quitting their jobs. And why were they quitting their jobs because they could make more money trading options on robin hood or trading cryptocurrencies well, and what does that do? Well? That causes

problems in the supply chain. Now, we don't have enough people working. When you don't have enough people working, what do you have to do? You have to pay people more. Um, there's not enough supplies being made. So now supply chain start breaking down. So then prices go up because of that. So prices went up because supply chains breaking down. Yes, but why did supply chains break down? Well, because there was too much demand. Why was there too much demand

because they printed more money. There wasn't enough workers. Why would there enough workers? People quit their job to trade options on robin hood and cryptocurrencies. Why are they trading? Why are they doing that because they're going up so much? Why are they going up so much? Because they printed so much more money. That's what inflation is, and it's easy. Anybody can look at that. You can just go look at the M one or the M two money chart to see the broad money supply and you can see

how much they've increased it. Now, I'll just give you a warning here. I want to give you a warning. If you go look at this chart, you could just type in like fred f R E D fred money supply or M one or MP two chart fred in one or M two. Warning you in advance though, if you've seen this chart, it is shocking because the money supply basically looks like it's been staying flat and then all of a sudden went straight vertical. I mean it's insane.

So Um, just from the time of Biden getting elected in November two, Uh, now we've had almost increased just in the money supply alone. Prices go up. Now, UM, I want to give you this quote. I told you I to give you a quote here, Um. Vladimir Lenin Um said probably about a years ago, he said that quote, the best way to destroy the capitalist system was to debouch the currency. Debouch like to destroy it, to distort it.

He went on. By a continuing process of inflation, printing money, governments can confiscate secretly an unobserved an important part of the wealth of their citizens. So what does that mean, um, Through inflation, by printing more money, they can steal the wealth secretly. Because what happens is when they print more money, it makes your dollars worth less. So they're they're literally

stealing the purchasing power of your money. A hundred thousand dollars UM ten years ago buys you about seventy dollars worth of goods. Today they stole thirty thousand dollars purchasing power from you. Um. And he says, by this method, they not only confiscate, but they confiscate arbitrarily. And while the process impoverishes many, it actually enriches some. So they

steal from you at will. And and yes, it while the majority of people are impoverished or go broke over it, it actually enriches some, which is why they want to do it. And then I'm going to skip through the The end of this quote is the last, the most important part. I like here. As the inflation proceeds and the real value of the currency fluctuates wildly from month to months, so as the inflation as they continue to print more of it, and the the value of it,

how much it buys, fluctuates wildly from month to month. Inflation, right, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, becomes so utterly disordered as to be almost meaningless. Then here's the best part. And the process of wealth getting degenerates into a gamble and a

lottery end quote. So he told us a hun years go the way the destroy capital system was to deboutch the currency, destroy the currency by inflation by printing more of it, and eventually it would destroy things so bad that things would become so disordered that the best way to make money would be gambling and lotteries. Basically gambling like the record amount of job quits, so people can go trade options on robin Hood and trade cryptocurrencies kind

of like that. Anyway, Um, hopefully that makes sense. Just look at the money supply. That's what real inflation is. The prices going up are the result of that. You've been listening to the Markma Show. We're talking about the decentralized revolution, politics, finance, and technolog plogy changing the way the world works right now, and I'm helping you navigate it. That's what I got here today. Thanks so much for listening.