Welcome to another episode of The Mark Moss Show, where we talk about the intersection of politics, finance, and technology. We're talking about the decentralized revolution. We're talking about the way the world is changing right before our very eyes. It's full of opportunities, it's full of problems, it's full of exciting changes and developments, and it's full of scary changes, especially if you're not position to take advantage of them. But whether you see it or not, whether you like
it or not, the world is changing. And so it's up to you. You can decide to either be a part of it and take advantage of it, or you can decide to get mad and ignore it. But my favorite author, well not my favorite author, one an author I like, we'll say that. Sorry, I'm talking about iron rand A Quotura all the time. She says that you can choose to ignore reality, but you cannot ignore the
consequences of reality. And so the reality is the world is changing, and uh, you can keep waiting for things to go back to normal, but there ain't. There ain't there, There is no normal. There ain't going back the way they ever were, and that's because technology changes things. Um, you know, politically, socially, culturally, financially, um. Things kind of
repeat over and over and over. But it's technology that changes, and it's the technology that changes the way that we work, organized, communicate, and so that we're not going back. Now. A lot of people, particularly the governments, they want to stop technology, which is amazing. Um, if you think about, you know, the whole world three years ago, pretty much the whole
world was dirt. And UM. When I say dirt, I mean we you know, we didn't have structures over like two stories high, right, we had bricks two maybe two or three stories high, and that was it. Right. We didn't have any electricity, we had no we had nothing. It wasn't until the Distrial Revolution about two years ago that we started to actually get some stuff besides this living in the dirt, on the on the on the farms,
in the fields. And um, in the last two years, we've had steel which allowed us build skyscrapers and bridges and electricity and all these things. And it's technology and then through that as allowed us to specialize our labor. And then we have massive improvements in science and technology and sanitation, and that's allowed our life expectancy to go up and all these amazing things. And so progress has
been amazing. You know, I used to have to buy film and I could take thirty I think it was a thirty two pictures on my camera, and now I can take a million just on my phone. Right. Progress is amazing. It allows us to do all types of things like we're doing right now, work from home. But the politicians, the powers that be want to stop it because they don't like the progress. But they can't be stopped.
Technologies here no matter what. And one of the ways that the world is changing is that over the last two or fifty years, the world has been becoming centralized. Um, the the industrial revolution lad people out of the farms and fields into the cities and factories and begin it began this a whole move towards centralization. We have these giant corporations and these giant companies and all these things.
And now that trend is reversing. And I've been talking about this, so I talked about the decentralized revolution, and now things are starting to reverse. And the Internet is what really enabled that to start happening. And so now you know, via zoom, people can work from anywhere and um, instead of these big giant companies, Now we have all these small companies. Need is big building with all these people. Now I just have people working remotely all over the
world kind of thing. And so it's technology that's really changing that. And then of course through the through the pandemic, it really accelerated that. Right, we saw that everyone was forced to work from home. So even companies that thought no way I could ever have my workforce working from home found out, shoot, actually I can kind of works pretty good. And people that said no way I could ever work from home, Um, I need to be in the office, found out, actually, I like working from home.
And so it was this massive catalyst that pushed people to do things they never would have done ordinarily. Um, once that genius out of the bottle and ain't going back. And that's exactly what we've seen. We're seeing, Uh, even though companies are able to go back to work, they don't want to. Latest this week we saw I saw on the Wall Street Journal Mark Zuckerberg from Facebook and now Meta said that they are now taking remote work
to the extreme. I said, executives are scattering two locations far from Silicon Valley headquarters working from Hawaiike, cod Europe, etcetera. And so you know in the United States. You know, we have some beautiful places in the United States, Idaho, Montana, you know, Colorado, but if you really want to be successful, you had to move to the city. You had to be in San Francisco or Los Angeles or New York City something like that. Well, now people can be wherever.
That's why we're seeing real estate prices go crazy in places like Idaho, Montana, Wyoming, etcetera. Uh, I don't know. Two months ago, I drove I drove well, uh, I don't know. It's not in northern California, about six hours north of where I live as a Mammoth Mountains snow ski snowboard place here in California. And we're driving back and I remember talking to my daughter and I was like, it's about six hour drive. For like the first four
hours driving back, you don't see anything. I mean, it's just nothing, right, And then you get to the l A and then you start getting all the traffic and stuff like that, and it's like as crowded as California is, it's really not that crowded. Um, it's just people are in the cities but now people are able to move all over the place, and not just into Colorado way, I mean, I know, but they can move down to Mexico or El Salvador or whatever they want. And so
we're seeing that pick up. As a matter of fact, like I said here, Facebook says um the company's management, including chief executive Mark Zuckerberg, is scattering to locations far from its Silicon Valley headquarters and extreme test of the limits of remote work. It says, quote, the past few years have brought new possibilities around the ways we connect and work, and said spokesman Tracy Clayton, um, quote we believe that how people work is far more important than
where they work from. And so um, if medic can do it and all these other companies can do it, then then everyone else can. And this is a trend that's going to continue. This is part of the decentralized revolution. Now, if we're working from anywhere, then we need tools to do that. So we need obviously Zoom is a good one. Facebook is you know, they change their name to Meta. I suppose they're building out this whole metaverse, and maybe that's going to be a new way that it can work.
What's cool is that you know, companies like this will be pioneering, this will be putting a bunch of money into all these new tools and ways to do this ways, like I said, the ways we communicate, organizing to communicate
um and then that technology. Those things will then start trickling down to other people, like US Medicine in June that it would allow all full time employees to apply to work from home if their jobs allowed it, and says Meta has shifted to a hybrid model that allows most employees, including top executives, to work from wherever they
deem best. Man, that's pretty cool. So like I could go as long as you have internet, and now like with elon usk starlink, I can get a satellite dish it's about size of a coffee table, and I could have broadband internet anywhere in the world. I can go to the South Pacific and live on a little island and they have broadband. I could work from there. Now
that's pretty cool. And so this is the only going to continue, and you know, we'll see more of these tools really starting to develop, and that would, like I said, we'll trickle down to the rest of us, and we'll need tools to communicate better. So, like I said, like the zoom and whatnot, UM, but then we also need a money. We also need a money that can work like that, and so we need a money that's truly global and that can be sent. Now, the problem with
the current financial system is it's UM. It's permissioned, so it takes you have to have permission to join it. That's why about two billion adults, about half the adults, more than half the adults in the world today have no access to the financial system because they don't have permission.
And in order to send money around the world, it's very difficult because each country has their own walled garden, if you will, UM, and so there's all these gateways that money has to go in and out, and then they want to extract all these heavy fees and depend on where you're at in the world and how much money you're sending, you can spend of the of the amount you're sending could be eaten up in fees. And so in addition to that, it makes it very inconvenient
or really unprofitable to send small amounts of money. So, for example, how could you send ten cents today to somebody in another country ten cents the answers you can't, and so we need a money that's both borderless, permission less, UM and instantaneous and free. And of course bitcoin works perfectly into that decentralized revolution peace UM. And that's just one way that we're seeing that happen. Meta is kind of leading the way, UM, but that's not the only way.
Like I said, with bitcoin really opening that up, we're seeing more and more UM people jumping into that. As a matter of fact, UM, one of the biggest names in finance, actually to two of the biggest names in finance announced this week that they are getting into bitcoin and cryptocurrencies. That is big news too. I mean I'm talking the biggest names. I'm gonna tell you about those. Also, there's two states that have opened it up. That's pretty amazing,
big big news. I got a couple of those stories to talk about. In a minute, you're listening to the Mark ma Show talking about the decentralized revolution, talking about the intersection of politics, finance, and technology. Really trying to bring all of this into context, especially by bringing you some of the latest breaking news of the week. I got a lot more when I come back, so do not go away, I'll be back. All right, Welcome back.
You're listening to The Mark Ma Show, and I am keeping you up to date with the latest breaking news on the decentralized revolution. We're talking about bitcoin, we're talking about cryptocurrencies. We're talking about the intersection of politics, finance, and technology, and again, like I said, the decentralized revolution. Before the break, I was talking about how meta Facebook announced that everyone can go work from anywhere that they
deem fit now, which is pretty amazing. And it's a trend, right, This is a trend. You have to think about these things and think about where they go. And this is just going to continue to lead to the world decentralizing. The world continue to move out of the cities, whether everyone's over over the crowded and uh, moving to places wherever, wherever they want, wherever they deem fit. It's pretty cool, um. And so that's one of the reasons why, like you know,
bitcoin and cryptocurrencies, it's just inevitable. I mean, it's it's inevitable. At this point, we're past the point of no return. That's why I'm calling bitcoin the best risk adjusted investment I've ever seen. Were past that point and it's not just me that thinks that. As a matter of fact, UM, two of the biggest names. I don't I'm not saying um some of or a few of No, no, no, I'm saying to probably probably the two biggest. I'm gonna claim it that the two biggest names in finance in
the world period. I'm gonna claim it like that have just made some big announcements this week. When I say two of the biggest and no, no, no, no, no, sorry, I keep going back to that two of the I'm saying, too, the two biggest. So who am I talking about? Well, first one, I'm talking about Ray Dalio. Ray Dalio his famous Bridgewater Capital UM and Bridgewater Capital is uh, the the world's largest hedge fund, period, the world's largest hedge funds.
So I'm not saying some of or one of, No, no, no, the largest UM and uh. Ray Dalio's Bridgewater says that they are in investing into a crypto fund. That's what they said, UM, and that's pretty big news. Now. Ray Dalio, he's very vocal, very outspoken. He's on lots of news channel. As a matter of fact, he recently put out a new book that I'm reading right now. It's pretty good. UM, the New World Order. I think it's called I'm I
don't know, four or five chapters in. Uh it's a good it's a good read if you if you want to check it out, I'd recommend it. But uh, so he's pretty prolific. He puts a lot of information out there. But Bridgewater Capital UM has now said that they are going to be investing into cryptocurrencies. And what's interesting about it is that, UM, this is a big pivot. It's a big pivot because UM, just about a year ago
they said they weren't into it at all. So for them to go from a year ago like we're not into it to like, okay, now we're in officially in, it's a pretty big deal. UM. And that's why I continue to say, like, it is not going away now. UM. Ray Dalio himself, this is Bridgewater Capital, the largest, you know, the largest hedge fund of the world. But Ray Dalio himself did come out publicly and say that he added bitcoin to his portfolio. And I'd like to point out
he said bitcoin, not crypto. UM. So he did personally come out and say that. But now the fund has efficiently come out and said that they are into cryptocurrency. So that's big news. It's really big news. Like I said, the world's largest headphone. But he's not the only one. I said the two largest, So that's one who's the second largest, Well, they're also they're also the world's largest. In just a little different way. I'm talking about Larry Fink,
the CEO of black Rock. You've probably heard of black Rock before, maybe not in a good way. Uh. Their symbol is b l K, and Larry Fink, the CEO of black Rock, has confirmed that the world's largest asset manager, the world's largest asset manager. So Bridgewater Capitals the world's largest hedge fund, and now black Rock is the world's largest asset manager. And now they're exploring how to serve clients with with with cryptocurrencies as well, and very similar
to Bridgewater Capital and Ray Dalio. It's interesting is that it says here that Fink Larry Fink, he is the CEO. Fink cited increasing interest from clients around digital currencies in a letter to shareholders on Thursday. What's interesting it says that fins comments are at sharp odds with his previous assessment of client interest in crypto. In July of last year, Fink said that he has not seen much demand for
digital assets. So July of last year, he was asked in an interview and he said that there was not much demand for cryptocurrencies back then July of last year, less than a year ago. But now, he said in the letter to shareholders that because of the increasing interests from clients, now they're going to jump into it. It's a pretty big deal. Now. Again, he's the world's largest asset manager, So imagine the type of clients that they have. Um, it's pretty big, right, So, Um, that's a big that's
a big shifting sentiment from a year ago. No one's really into it too. Now this massive demand for it to be there and so um, these are things that you should not be sleeping on. These are things that you need to be paying attention to. The big, big, big, big deal. And it just continues on from there. Of course. Uh, like I was telling you before, the governments around the world are gonna want to stop this. They don't like it. Right. Why don't they like it? Because it builds a new
system that they can't control. And so you've heard me talk many times about el Salvador um. El Salvador is the first nation in the world to make bitcoin actually legal tender. Legal tender means that you would be able to buy anything any anywhere, anyone selling anything in the in the nation of El Salvador country. El Salvador must now accept bitcoin is payment. That's what legal tender means, and so they were the first to do that. Now, a lot of people in the world don't like that.
As a matter of fact, the United States doesn't seem to like it. Like, what the heck does the United States care if El Salvador uses a bitcoin or not. Right, El Salvador is like so far down. I think they're like maybe ninety two, ranked ninety two in the world, unlike GDP or something. I mean, their way down there. What the heck does the United States care? Well? They do. The U. S. Senate is now considering a new bill
to examine El Salvador's bitcoin experiment, which is crazy. It says the U. S. Senate will vote on a bill looking to mitigate the risks to the US financial system from El Salvador's adoption of bitcoin as legal tender. Mm hmm. They want to mitigate the risks of the U S financial system from El Salvador's adoption of bitcoin. What kind of risks El s Avador is tiny? El Savador is a little, tiny, little spec for the United States. What potential risk could there be? That says the you'll love
this The ACES Act, Oh, what a good name. The ACES Act, the Accountability for Cryptocurrency in El Salvador A c. E. S. The ACES Act was introduced by Senator Senators James Rish of Idaho, Bob Mendez of New Jersey, and Bill Cassidy and Louisiana Um. And it says, quote, as El Salvador has adopted bitcoin is legal tender, it's important we understand
and mitigate potential risk of the US financial system. Um He had that legislation would require the State and Treasury Departments, among other federal agencies, to mitigate risks such as potential empowerment of China. Oh man, I mean, I always go back to this quote that Christina the Garden said, which was, um, innovation threatens financial stability. So it does. It does threaten financial stability. It threatned it threatens the financial system that
they have a monopoly on. But they can't do it by not by stopping um progress and change. Things change because they're better. We only give up something. We'll only give up an old way to go to a new way when the new way is better, or when you're forced at gunpoint, which is what the government's trying to do. UM. But either way, there's a quote that I love. I forget who says it, but it says that you a standing army is no I has no match for a
good idea whose time has come. That's exactly what we're looking at here. I mean, when when you have something that's a thousand times better like bitcoin is, there's just no way they can stop it. You're listening to the Mark Moa Show. We're talking about bitcoin, the decentralized revolution, the intersection of tech, politics and finance. I got a lot more to come back about when I come back,
So do not go away, everyone, Welcome back. You are listening to the markma Show where we discuss the decentralized revolution that the world is going through right now. We're talking about the intersection of politics finance, but really it's all driven by technology. Of course, we're talking about bitcoin and cryptocurrencies and what that's doing to the world, and it's disrupting everything that we as we know it, right,
that's what technology is doing. And um, as I've made the case many times, UM, as it disrupts these things, as it changes things, and it changes it for the better. UM. If it wasn't better, it wouldn't change. But as it changes things for the better. UM, it just creates fireworks. And UM we see financial markets get reset. UM. It's
good and bad for different actors, different players. But one of the things that typic comes out of this as war unfortunately, and war then creates its own set of problems, but it also helps to be the catalyst and and really accelerate this change that's happening now. One thing that I've talked about extensively if you've been tuning in, is how the financial system is changing. UM specifically because of a loss of trust in the financial system. And that's
specifically because of well, we can't trust people. The United States has continued to torpedo their own financial system and in trying to slap all these sanctions on Russia. UM, because of this war situation, it's only sped up. The inevitable switch will collapse and then switch to this new financial system. We saw this week, which which was pretty interesting is um is Russia has continued to try to
respond to the sanctions that have happened to them. And as we've talked about before, if you're if you're just tuning in, I'm trying to it's yup here. But UM, you know, obviously you know about the word Russia. You understand that the whole world is trying to sanction them, trying to prevent people from doing business with them, helping
them move their money. But the one thing, the main thing that Russia really supplies the world with his energy, talking about oil and gas and so, um, the US can say, hey, you can't deal with US dollars anymore. As a matter of fact, they seized all their dollars, their treasuries and Whatnotum, but Russia still has a lot of energy to produce. Well, they could say, well, you can't sell that for dollars anymore because you're not allowed
to use our financial system anymore. And so we saw this week big news came out of Russia that um Putin said that they will now start selling their energy, e their oil and gas in rubles um that's their local currency. So that's pretty interesting in turn of events, Like, all of these things have an equal and opposite reaction, Right, So if the US says, hey, you can't use US dollars anymore, what what what happens? I mean, you don't just go away and die. You don't have to figure
out another thing to do. And Russia has goods and services. They have oil and gas that the world desperately needs. The world desperately needs it. If if if if Russia shut it off or the world couldn't buy it from Russia, we would go into a severe depression. We the world needs the oil and gas they produce, and so because we need it, we're kind of in the in in a tough situation. How do you sanction a nation and say you can't sell your goods and services but the
world needs them. And of course, um, the United States has danced around this issue saying that, um, well, well sanction, but we won't sanction their energy kind of a thing. But it's a very touchy situation. And so we saw this week, like I said, Putin came out and said, you know what, We're just gonna We're gonna sell our own We're gonna sell our energy in our currency. So if you want to buy it, then you have to convert your currency into our rubles UM, and we'll do
it that way. Now, what's interesting with that is UM we saw the UM. If you look at the currencies, currencies trade against each other. So if you've ever been to another country, you've had to exchange your currency for another UM, and they trade at different points, meaning one currency is stronger than the other. Well, when this war broke out, the US dollar to ruble conversion which has
remained UM pretty stable for quite some time. As a matter of fact, it's traded within a pretty tight range for the last really two years or so, I meaning it's been the US dollar to the ruble conversion has been pretty stable for the last two years. But when the war broke out, I mean all hell broke loose, and we saw the ruble lose like over ninety percent of its value to the dollar, just just plummeted because no one would do business with Russia and nobody wanted
to use it. Nobody want to use that currency. But now, all of a sudden, based off this announcement of Putin saying now that he wants to sell all or energy, which again the world desperately needs, back only for rubles. We've seen the ruble gain almost thirty five per cent on the US dollar. It's bouncing back really strong. Pretty good move from Putin. Pretty interesting to see that play out. Now, this is, this is, this is These are the small moves if you're looking at it closely. The big move
is the world is moving away from dollars. That's the big move. But these are small moves. And so right now we're moving to the ruble. And I'm not saying the ruble is going to replace the dollar, but we're moving into is a d centralized world. Right to keep talking about the decentralized revolution. So these are all small moves that lead into this much bigger picture. But it's very interesting now to counter that UM. We had UM
nations come out and denounced that. As a matter of fact, we saw German Chancellor Olaf Schlatz and we had Italian Premier Mario Draggy Um and there are other counterparts in the EU nations. They told Russia, Nope, you can can't do that. You can't make us pay in rubles UM. You have to honor the payments for the energy exports
in the currency. That was stated in the contract, which of course was typically u s dollars or euros, and um, well, you know see how that plays out because gas prices surged more than after Putting on Wednesday ordered the Russian Central Make to develop a mechanism to force some countries to make ruble payments for natural gas within a week. But it says that the G seven, so the top seven nations in the world, they're not happy about this.
They said that the agreements um are precise about the currency. It says that we can pay in dollars and you have to honor that. That's how it's done, and that's what we're gonna pay with. And then Droggy from Italy went on to say that any request for payment in rubles would be a contract violation, and contracts are considered violated if Russia will implement this condition. So your contracts violated.
But but what does Russia care? There's a war, right, And then Austrian chance Lark Carl Niehammer said his nation won't agree to an embargo on Russian gas or oil deliveries. Ton reporters in Brussels that to sanction Russia energy would be quote unrealistic, not only for Austria, but other EU members such as Hungary, Czech Republic and Slovakia that you should instead coordinate and focus on loopholes in the current massive sanctions package. So they're saying, look, look, you can
try to sanction their oil. You can tell us that we can't buy their oil, but that's that's unrealistic. In his exact quote, we need it, we have to have it. And so um drag can sit here and say, hey, that's a contract violation. You said in the contract we can pay you in dollars, but what does Russia care. Russia's like, hey, we can tell you we're gonna pay you know, we're gonna We're gonna sell it whatever, we're gonna sell it in. If you want it, you gotta pay for it. And so again, I'm not I'm not
here trying to choose sides. I'm not saying which one is good, which one is bad. But it's interesting that we're literally witnessing the breakdown of the global financial system as we know it, and so um just can we'll just continue to see that escalate. Of course, bitcoin and cryptocurrencies being the big beneficiary of this, we've seen the price of bitcoin has continued to blow up higher and higher or bounced back. I should say, as a matter of fact, um, just in the last couple of weeks,
we're up about in the price of bitcoin. We're up to over forty four thousand dollars. It's still trading within a range, so I mean, it's it's down from its high that it had made back in November of last year at about sixty seven thousand dollars um. However, you know, it's been kind of walloming in this thirty to forty dollar range, and we're up over forty four thousand dollars at the time we speak right now, So it's certainly
responding and maybe it's responding to that. It's also responding to the Florida just announced that they were going to accept bitcoin for taxes. Florida Governor de Santa said, we will accept bitcoin for state taxes. That's a pretty big deal. At as signing ceremony tuesday for a built to mandate high school financial literacy classes, Descenter said, I've told the state agencies to figure out ways where if a business wants to pay tax in bitcoin to Florida, we should
be willing to accept that. Um. He said, they're working on it, and of course we know um Miami friend mayor friends, the Francis Suarez has been working on that for a while. We also know that in Colorado they've also passed a similar bill to pay state fees in bitcoin. You're listening to the markmas Show talking about bitcoin, the decentralized revolution, the way the global financial system is changing right before our very eyes. I got a lot more
to go. Do not go away. I'll be right back, all right, Welcome back here, listening to the Mark mass Show. We're talking about the decentralized revolution that we are going through right now as the world. We're talking about the way that politics and the finance system is colliding, and
it's really the technology being the catalyst for that. It's been pretty amazing to watch it if you're if you're watching the play by play, and I'm giving you the play by play each and every week, if you're tuning
into the Mark Moss Show. Before the break, we are talking talking about how this this Russia Ukraine thing and some of the problems creating some of it, which is that Russia has oil and natural gas energy that the world desperately needs, and how the US is being very careful about trying to sanction that and how um Putin said that you have to you know, now, any nation that once their energy has to start buying in rubles. Um. Some nations are saying, well, that's that's a that's a
that's a contract violation. But um, some nations are saying wealth. Shoot, uh, we we can't go without it, so I guess we'll do it ever we have to do. So it's gonna be interesting see how that plays out. We have a Biden calling for um Putin to be kicked out of the G seven or I'm sorry, even the G twenty. Um, so what does that mean? The G twenty, that's the twenty largest nations in the world's as Biden calls for Russia to be removed from the G twenty. Um, you know,
because of the whole situation that's going on. Um. And uh he also said because he by the way, if you didn't know, Biden went over to Europe this week and he was over there talking to Germany and Italy about this and so, um, you know, he he called for them to kick them out of the G twenty, which was which was pretty interesting. Um. He was warning that Putin is going to attempt to break up NATO. But some of the things he said is Biden said
to expect real food shortages. He said that the world would experience food shortages as a result of the Russia's invasion of Ukraine, and production increases were a subject of discussion at the Group seven meeting, and so he says, quote,
it's going to be real, so you can plan for that. Um. But the other thing that you have to be planning for, because it's all about oil, it's all about energy, is you need to be prepared for oil prices and more importantly, gasoline prices to go up and not come back down. Now what's interesting is before as soon as Biden took office, long before any war with Russia, I was on the horizon as soon as Biden took office at the national gas average was about two dollars and thirty cents a
gallon at the time. And I predicted on my YouTube channel and on Twitter. By the way, if you're not follow me on on YouTube, you should. It's just search Mark Moss on YouTube or on Twitter. You can find me at one Mark moss Um. I predicted that gas would be ten dollars a gallon before Biden left office. This is long before there was a war on the horizon. Um, and uh, here we are in l A at seven fifty a gallon already in a year. And I'm like, dang, maybe maybe my prediction was to uh too too short.
But the one thing that we do know for sure is that gas prices are going to continue to go higher. Oil and gas was continue to suffer from this. Someone asked me, I think yesterday, Um, do I think prices will go back down? And and the answer is no, I really don't, So be prepared for that. It's only going to get continue to get worse. Now. Um, there's different ways that you can prepare for that, and one of which here in the state of California is pretty interesting.
Good old Governor Newsom has decided to you know, bribe you off. You know, for the last two years, he's been the most restrictive, most strict dictator in the entire United States. And uh, he knows that midterms are coming up and he's probably gonna get voted out. So what am I gonna do. Let me just buy a bunch of votes. So Newsom offers California car owners four hundred dollars in rebates UM in order to help offset these gas prices and and UM a partial gas tax pause.
So what does that mean? So, if you're not aware, California has the highest prices of gas in the nation. And part of the reason why, in addition to all the clean air initiatives they put on, but part of it is because they have the highest tax so they you know, as gasoline tax. And by the way, everyone says if you don't pay taxes, what happens with the roads, Well, the roads aren't paid through your taxes. The taxes the roads are paid through gasoline taxes. Also, you've been hearing
lately there's been talking about um. Crack myself up thinking about it. The government wants to track the mileage you drive because they want to start charging you tax on the mileage you drive. But isn't that already paid through the gas? Uh? The more I drive, the more tax I pay on my gas. But anyway, it's another story. But they say that gavinor News Gavin News him is proposing a nine billion dollar tax refund aimed at registered drivers in California, given them fours to health offset the
recent spike in gas prices. Um. He says that four in dollars per registered vehicle, up to two per person. We're also proposing grants so public transit can be free for three months because what gas prices are going to magically come down after three months. That's kind of interesting. I'm sure he's gonna have to extend that, UM, but it's interesting. I like it, uh in a sense for
one selfish reason. And that selfish reason is that I have been ineligible for any type of stimulus over the last two years because I make over seventy five thou dollars a year. But this says that every person with a car would be getting four hundred dollars, it says UM for each vehicle they have registered. He says specifically, this does not it says the Governor's office says eligibility for the proposed foreign alar rebates would not or would
be based on vehicle registration, not tax records. So I might finally be able to get a little bit of stimulus because shoot, man, my cost have gone up to like everybody else, but I guess I make more than so I wasn't eligible for anything. But maybe I'll get this four hundred bucks UM, which is interesting. Um, he said something that I thought was pretty ridiculous though, um about this specifically, which, like I said, I mean selfishly,
I guess I kind of like it for that. But he says Newsom wants tax rebate and touch quote the California way of governing, the California way of governing. So what is that? What is the California way of governing governing? Is that is that to just give money away? That's what That's what the California way is in the California. We have the sanctuary city. Um, right, we have all these different things that we give away, um, all these different grants. So I guess that's what he means by
the California way of governing, give money away. But um, you know, hopefully it'll it'll give a little bit of support. But don't think that this is because of the war with Russia and it's going to go away. As I said, I predicted gas prices will be ten bucks a gallon when Biden took office, long before there was any ever idea or thought of a war. What it's really because is because of a war on energy. I made a video on my YouTube channel. Um, you can search it
it's called warning. What's it called? Um? Just look at my YouTube channels. The it's the most watched videos, got almos about a million views on it. And I predicted about two years ago that we would go into this energy crisis that we're into right now. And the reason why I was able to predict that is because it's all all based off of policy. In the in the state of California, they've attacked energy, shutting down all the gas generation plans, shutting down nuclear power plants. Um. And
what do you think is going to happen? Well, if you shut down energy and you don't replace it, you end up with shortages. Amazing how that works, right? And when you end up with shortage is what happens? Oh yeah, prices go up on top of that. And in the video I said, I think it was a warning. What's happening to California's coming for the rest of the world. I believe it's the title of that video and um, and I said, it's coming for the rest of the world.
And the reason why I knew was coming for the rest of the world is because it was based off of policy, and I knew they would do the exact same policies and the reason why I predicted ten dollar gallon gas when Biden took offices because the very first day he was in office, the very first day, the most important thing he could do, apparently was designed an executive order to shut down pipeline, shut down gas and oil exploration, and to put the United States back into
the Paris Accord. And so that was an attack on oil. He nominated Amarova saw A Salamarova for uh UM Comptroller of Currency. She didn't get elected, but he nominated her, and she said, quote, we want oil companies do go bankrupt. So what do you think is gonna happen your bankrupt oil companies. They're not going to invest any new money into technology. They're not going to invest in new money into exploration, which means we're gonna have a shortage. We
have a shortage where the thing is gonna happen. Pribacely is gonna go up. It's not rocket science, but I'm here to explain it to you play by play. Just make sure you're bracing for that inpuct impact because it's coming. By the way, you're listening to the Mark Moss Show, we're talking about the intersection of politics, finance, and technology, trying to bring it all into context of what's going on today, and it's all being driven by the technology.
Of course. I'm talking about the decentralized revolution being led by bitcoin and cryptocurrencies. It's coming and you can choose to either be a part of it or be left behind. That part is up to you. My job is just to continue to fill you in on what's going on. Hit me up with a message on Twitter at one Mark Moss. I'd love to hear from you. Let me know you're listening. Send me a question, I'd love to answer it for you. That's what I got for you today. All right, thanks for listening.