The Mark Moss Show Nov 11, 2022 - podcast episode cover

The Mark Moss Show Nov 11, 2022

Nov 11, 202237 min
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Speaker 1

Hello, and welcome to another episode of the Markmas Show where we talk about the decentralized revolution. We're talking about the world changing before very eyes. And of course I try to bring to you each and every week, you know, some of the latest breaking news, some education to change the way you think about things, and some exciting guests, so you don't just have to hear from me all

the time. It's important to get different perspectives. And I want to talk about some of the latest breaking news this week that's driving not just the markets and the reason why I like to look at this through the lens of politics, finance, and technology. As you you really can't separate the three. You can't separate the three. Politics and economics are tied to each other. Um, the the drivers of the economy. It's it shouldn't it shouldn't be this way. Uh. I don't want it to be this way.

I wanted to end, but it is what it is. UM. With investing, the saying is that you don't invest in the markets as you think they should be, as you want them to be, but rather as they are. I'm on a mission to separate money and money in the state. The state should not be using money for politics. Money is money, that's that's that's my life energy. I save that. But unfortunately, we're in a very political environment. Um. And today I didn't want to get into this rant, but

I'll talk about it for a second today. Uh, here we are facing midterm elections next week, and you have politicians out there basically trying to buy votes. So they have their own agendas. Uh, there's all types of measures and things that they want to put through rules, regulations that are on their own agenda. But at the same time, they're also buying votes. So for example, um, the Student

Forgiveness Act or whatever they're calling it. Um, it's a way to buy votes every time they hand out some sort of a favor, some type of money, that's the way to buy votes. And it does doesn't matter which side of the aisle you're on, red or blue, left or right, doesn't matter. No politician will ever get elected promising to repeal that or take money away from you. And the problem is is that it creates massive problems in our world, in our economy. You cannot create money

from thin air. You can't just print money. You can't just create money from thin air and give it to people, because all you do is create more problems. They've printed because the government cannot stay within their means because they're constantly spending more than they've bring in through tax revenues.

Then they are constantly spending deficit spending, as it's called you here, every year we have to raise the debt ceiling again, they have to take more and more debt, and so they're literally paying for your college, or for your house, or now to subsidize your electricity bill or your gas bill or for whatever fill in the blank. And they're doing that by taking on more debt. When they take on more debt expands the monetary system. When

they expand the monetary system, it causes inflation. What inflation really is is debasement. Your dollars buy less and less goods. The reason why everything gets more expensive is because the existing dollars in an existance by less and less goods. So it's great that they're trying to do nice things. It's great that they're helping people out through difficult times. It's great that, um they're offsetting people's crazy electric bills or gas bills. They need that help. We need to

help people. But why are the gas bills and electricity bills so expensive. Oh, that's because it's the government. Because they printed so much money. So it gets into this doom loop where they expand the monetary base, it debases the currency, which means the prices of goods and services are more expensive now because things have gotten so expensive,

they have to help people with those expenses. Now. They do that through creating more money, which then makes the goods and services even more expensive than they have to help them even more, so we have to print even more money. It's a very very dangerous situation. And we can sit here for days or weeks or months talking about all the ways it destroys our society. Today. Let's

just take our health. For example, the number one cause of death in the United States is heart disease, and that heart disease is being caused by what you eat, the garbage you eat, and that is because of the monetary system that we have today. That that's that's probably scrapped, that's probably drawn from some crazy straws. Right mark, where what are you talking about? You're saying that the monetary system is cause of of heart disease, Yes, I am.

And the reason why is because as they continue to create so much money it can it debases the money makes your dollars by less and less, which than means the price of goods goes up. Now, if you make food, you try, you have to deal with all the price of your inputs going up. My grain went up, my processing went up, my delivery, everything went up. And so in order in order to offset all the prices everything going up, me as a business, I have to figure

out how to make things cheaper. In order to make things cheaper, I then about good quality stuff for cheaper quality stuff. Instead of using real sugar or use any of the other hundred variations of sugar today which are all worse for you, instead of using real butter or lard or fat, I'm going to use all these seed oils. And I'm doing that to offset the inflation that's being caused by the debasement of the monetary system. And whailah, now we've made all this horrible food that is now

killing people literally. So yes, it breaks down society. House does it break on society? Well, what's the number one cause of divorce? Money problems? So, because the cost of goods are going up so fast, I can't keep my head above water. My wife and I are constantly fighting over money, we get divorced, or because fifty years ago, it would just take one person in the household to work and you can achieve the American dream. You could own a house, you could own a car, etcetera. You

could have kids, the whole thing. Now two parents have to work in the household. So that means now they're both working and in relationships. You either grow together you grow apart, and so now people are working in separate fields. The kids aren't being intended to, the households not being intended to, you still can't keep your head above water. You can't take vacations, You grow apart, You fight, and

then you get divorced. Now we have you know, uh, kids growing up in one parent households all over the country. The numbers are going through the roof, and it all goes back to the monetary system because the government prints

too much money. Now. The reason why I say this is because here we are going to this election cycle and knowing how bad this is, knowing how it destroys the very fabric or for society, it ruins our health, knowing that we should try to get back off of that somehow we should probably try to get back closer to a budget. But the problem is when you're over spending, all this stuff is spending, and now you need to spend less to get back on under a budget. That

means you have to cut something. Unfortunately, some spending is going to have to get cut. But what which spending gets cut? And it doesn't matter, It doesn't matter which spending is. Someone's going to be unhappy about it. And so which politician is ever going to come into power saying we're gonna cut spending. None, No one's ever going to vote for that. The only way you vote for him is if they promised to give you more money, Like well, let's just forgive all the student loan. It

sounds great, Sure, let's vote for it. But at what cost, at the cost of expanding the debt, expand the monetary system, or debasing the monetary system, or more inflation. The Inflation Reduction Act is a perfect example of it. They name it the Inflation Reduction Act to reduce inflation, but how by printing a bunch of more money, which is the

problem that caused it in the first place. You see the insanity here, And so here we are um, like I said, going into the midterm elections, not talking about which side of the aisle. In my opinion, both sides want to print more money both sides. Maybe the Republicans want to spend a little bit less than the Democrats do, or maybe they just want to spend it in different places. In that regard, when it comes to monetary policy, they're both as bad. They both want to spend more money.

Obama spent more than any president before him, Trump spent more than any president before him, and Biden spending more money in than any president before him as well. And that's the real problem. I got a lot more to cover when it comes to breaking news. Kind of went off on a tangent right there. If you're just tuning in, you're listening to the Mark ma Show. We're talking about the decentralized revolution, how the world is changing through the

lens of politics, finance, and technology. I want to get into the technology piece and what's going on with that this week, specifically with bitcoin and cryptocurrencies. I'll be back with that and more in a minute. Don't go away, I'll we're back, all right, Welcome back. You are listening to the Mark mo Show. We're talking about the decentralized revolution, talking about the way the world is changing as we look at it through the lens of politics, finance, and technology.

I don't like to talk about politics for politics sake, but where politics and finance and technology converge, that's very interesting, and of course they get more and more intertwined every day. This week we saw the Federal Reserve, the central Bank of the United States, the most powerful central bank in the world. The head of that central bank, Jerome Powell, came out and talked to the people with the f

O m C meeting this week. The insanity that we all sit around waiting for a banker to come out and tell us what fate we have. Will your retirement account crash or will it hold stable. Will your house that you live in with your family will it drop by or will it go up in value? Will your business be able to stay in business because you have customers and you can afford your debt, or will your

business go out of business? Your entire life is in the balance of what Jerome Powe and the Phollow Reserve decides to say. The insanity of that should just infuriate you, infuriates me, but it's the world that we live in and we have to deal with it. And so they met this week and Jerome Powell basically said, UM, it's not looking good for you, buddy. I'm sorry to tell you, but we have to make you broke in order to save you. That's what he's saying. It's not that that's

not the exact words that he said. Um. But they came out they raised interest rates some more of another point seven five percentage points onto the Fed funds rate, which is the price of money. Most people don't think about it, but you buy money. If I want to get a house, it's a hundred thousand dollars. I don't have a hundred thous dollars. I need to go buy the money. I have to buy the hundred thousand for the house. The cost of buying that hundred thousand dollars

is the interest rate I pay. And the Fed sets that interest rate, and they've raised it now another point seven five percentage points, or what we call seventy five basis points. And as they continue to do that, as they continue to bring the price of money up, it continues to bring the stock and asset prices down. Now it's important to kind of understand what's going on here a little bit because they hate you. I say that jokingly, but I actually kind of mean it. And what do

I mean by that? They are trying to bring down inflation. They're trying to bring down the rate at which goods and services are going higher. Now, there's two ways to bring prices down, right, ad supply or crush demand. And uh they you know, they can't print more money. I mean, they can't print more oil or more food. So all they can do is crush demand. And that's what their goal is. They're trying to crush demand. So we know this,

They've said it over and over and over. And you having a job, You're having a job that pays you more money to keep up with the price of goods going up in services is in direct conflict with what they want. That's a problem for them. They want unemployment to go up. They want less people working, and they want more people working for lower wages. Because if your employer has to pay you more money than your employer has to charge more money for the services, which pushes

inflation up. They want to crush the economy. They want to make you poor to offset the bad decisions that they've made. So he came out this week he said a couple of things. There was three things that he said that that kind of got my attention. He said that one, it's very premature to think about a pause in our interest rate hiking cycle. So hey, we're gonna keep raising rates. I know that the whole world is about to crash. I know your your retirement account and

your house is getting hammered. I know that two thirds of businesses aren't able to keep up with their rent payments. I know that, But we need to keep doing more. We need to cause a recession because if we make everybody broke, then they'll stop driving as much, so stop going out to eat as much, will stop taking as many vacations. And if they stop doing all those things

because they're so broke, then eventually the prices come back down. Congratulations, we brought the price of goods and services down by making you broke. That's what they're trying to do. The second thing, he said, here higher for longer. So everyone's waiting when will the Fed get off of this? When will they pivot? And he says, we're going to keep at it. We're gonna keep at it. But here's the other thing. This thing, this is what actually got me here.

He said that quote prudent risk management suggests the risk of doing too little or higher than doing too much. So he said, if we were too overtighten, then we could use our tools later to support the economy. So what he's saying is they're not worried about breaking the economy, crashing your business, putting you out of business, losing your job. They're not worried about that. They'd rather do that because I'll just they could just fix it later. Now that's

cool for them, What about for you? Is that cool for you? If you lose your job, you lose your house, your retirement dropped, it is that cool for you? It's not cool for me. Now. One bright spot is bitcoin. It seems like with all this bad news after that announcement, the price of stocks crashed um. But bitcoin seems to be holding on like a boss man. But it's like it's found this level. It's been here for a couple

of months. It's right at this level, and it seems that it's finally starting to break apart from the stock market. So bitcoin has been trading like a like a NASDAC stock like a tech stock, it has correlation. It's called a tight correlation. But we've seen is that it's been closely correlated with tech stocks for much of two but now it's breaking. As a matter of fact, in the last thirty days, UM, the correlation with the Nasdaq has slid to zero point to six, which is the lowest

we've seen since January. Now, a measure of one says they're moving perfectly in lock step. So we're at zero point to six, which is very low. UM. So it's looking good now. It was at point nine six in May, but now it's breaking apart. So as the Fed continues to get more hawkish, as we've seen earnings come out this week where meta Facebook got completely smashed, Amazon could got completely smashed down, or more bitcoin is held on. Bitcoin hasn't gone down a matter of fact, Bitcoin has

gone up a little bit. And the and the correlation with stocks is really breaking out. And what we've seen is that bitcoin continues to overperform. We saw this week, UM lots of news coming out with bitcoin. One of the things we saw this week is that if we look at the transaction volume, the bitcoin annual transfer volume and we compare it to like another payment network like Visa or like MasterCard. How much are they transferring, what's

their payment volume? And what we can see is that the payment volume for bitcoin is going through the roof. And to put this into kind of some numbers, between eighteen nineteen and twenty, for four years there it was in the two um trillion dollar range per year two point one, two point seven, two point three, dropped to one point nine, but it was in the two trillion

range for four years in a row. Thirteen trillion two year to date fourteen trillion, So for four years in a row, two trillion, two trillion, two trillion, and then it went to thirteen trillion from two to thirteen last year. This year, fourteen trillion year to date, probably end up over fifteen trillion by the time the year is done. And so we're seeing it hold up when the markets are crashing. We're seeing it become one correlated and we're

seeing the network grow. That's massively bullish. It's good news in the time when the entire market is bearished. If you're just tune in, you're listening to the Markma Show, we're talking about the decentralized revolution, talking about the way the world is changing as we look at through the lens of politics, finance, and technology, and we're talking about bitcoin right now and how it's doing. How's the bitcoin doing at a time with the market's crashing. Ware back

with more in a minute. Don't go away. Well we're back, all right, Welcome back. If you're just tuning in, you're listening to the Mark Moa show where we talk about the decentralized revolution. We're talking about the technology piece. We're talking about the politics side, the financial side, the technology side. We talked about them all. And of course we're talking about the FED overtightening and what they're doing to the markets and how bitcoin seems to be holding up pretty

well in the face of that adversity. Now, um, we talked about how the the annual transfer volum has been going up. Some other things that we can see is because bitcoin is so much different than any other asset that we've ever seen in the history of the world. One of those things that gives a difference is um the visibility, the transparency, and so everything that sits on the bitcoin blockchain is transparent. We can see it. We can see where the coins are when they move things

like that. What we can see is that we can see UM at which price were the coins moved last. So for example, if I bought bitcoin today at I transferred it to my cold storage and it sat there for whatever the next ten years, then through on chain data, we could see that this bitcoin moved to this wallet um at this price at and it's sat there for ten years or twenty now. It's it's uh. The bitcoin network is not private because we can see this. It's transparent,

it's not private, but it's anonymous. So what does that mean. It's it's not private. We can see the bitcoin moving on the blockchain when it moved to that last address, but it's private. We don't know who owns that address, right, so it's a little bit different there. But what we can see when we look at this data is we can see that UM. We can see we can see how long the bitcoin have sat there at which price point.

And what we can see when looking at a chart right now, is that we can see bitcoin is actually becoming a reserve asset. And we can say that quantitatively um were not qualitatively, but quantitatively we can see that because what we can see is that UM each cycle. As bitcoin continues to mature and get bigger and bigger and bigger, the floor and the ceiling and bitcoin have been have been held for the long term one plus year.

So bitcoin that's being held for at least one year and not moving is getting more and more and more. So we saw, you know, before bitcoin, a lot of people were coming in and buying bitcoin. They are being trading it, right, so they're they're new people, they've just come in. Maybe this was you. You just came into bitcoin. You're buying it, you're selling it. You buy bitcoin, you sell your buy etherory and your sells hearing. You buy h cardano, you sell cardano, you buy x y z token,

et cetera. And you're buying, you're trading blah blah blah blah blah. But now what we're seeing in this bitcoin that's been sitting for at least one year, that's a holder. We call that a hoddler. They're holding it. They're hoddling it for what, well, that's their reserve, it's their savings. They're there, they're saving it for the long term. And what we can see is that the amount of bitcoins held for at least one year has only increased. It is getting higher and higher and higher, and so that

is super bullish, super super bullish UM. And we can also see at these levels where we're at UM, in this twenty range UM, it's providing a base or support. So what we can see is that investors love their ability to accumulate at this cost basis. I've talked about this many times before. UM at this price point, in this you know, twenty dollar price point, it's a it's it's under levels that would tell us it's cheap. Now

we don't know. Nobody knows, will never know a bottom or a top, so a lot of people is the out We don't know until we're looking backwards and we can confirm where that bottom is. What we can tell is when things are cheap or when things are expensive. Now, just because it's cheap doesn't mean that it can't get more cheap. It can, but it's cheap right now. Anytime it's been under this level, it's gone on to be

a historic buy an opportunity. The last two times we've seen bitcoin get to this level, we've seen it rally and off of that, and that's where it's at. It's been trading for about five months in this range where it's at right now, and anytime it dips below this level, it just gets bought up really really, really fast. And even as it's getting hammered by the FED drone power coming out and saying we're going to break the markets,

we'd rather break it and fix it later. Stocks are dropping and Bitcoin is holding on extremely extremely embarished, and I'm sorry bullish, And of course it's bullish because not only do we have that port, but we have all of this data. Like I said, we can see that the hoddlers are gaining steam. We saw this week Fidelity with Larger, one of the largest asset managers in the world, and they've been um very pro bitcoin for a long time, pro cryptocurrency, and they opened up this week a waiting

list for their retail crypto products. So Fidelity has been in bitcoin for a long time. They have been mining bitcoin, I want to say since maybe for a long time. Um. Then they opened it up for their institutional clients, and now finally they're opening up well, they've opened up a

waiting list for retail crypto product. It says that according to Fidelities website, the new product will offer commission free Bitcoin and ethereum trading, although it notes that I spread up to one percent will be charged, so UM commission free bitcoin and ether trading. So there's all types of exchanges where you can go trade your cryptocurrencies, which by the way, I don't recommend UM. I spent years and years and years trading and running trading groups, and unfortunately

most people just lose their money. And even if you don't lose your money, you could probably spend that time somewhere better off. But it's expensive. Every single time you make a trade, it costs you money, which is why there's all these exchanges that make all this money, because every time you trade, whether you win or lose, they make money. And so Fidelity, according to them on their website, Learning New Product will offer commission free bitcoin ethereum trading,

which is a pretty big deal. You have to understand. Like I said, they're already one of the largest asset managers. People already have their money parked there. It says Fidelities moved to target the retail market, follows a wider trend across crypto with banking giant Goldman sacks I in a collaboration with retail focused crypto Exchange f t X, so Goldman Sacks. If you don't know which, come on, you know.

But if you don't know, Goldman Sacks is, I mean, they're they're the most connected bank out there, them in black Rock right there, kind of one and one with the government in the in the in the funnel reserve, and all of these banks are rushing to get in and create bitcoin products. And this is one thing that makes me super bullish on the fact that I don't think the government the United States will try to make

it illegal. The laws of the United States are typically made by lobbyists, and they're written by lobbyists and then they're given to lawmakers who then just signed their name at it and the lobby The lobbyists are made up of all different types of industry groups obviously depend on what they're trying to lobby, but the banking or actually say the finance industry is one of the largest lobby

groups there is. And now we've seen finality Goldman Sacks and the largest financial institutions there are bring on bitcoin products. And in order for someone like the Goldman Sacks to bring on a bitcoin product, they could spend hundreds of millions if not billions of dollars with partnerships and sponsorships and staff and compliance and regulatory and all these things.

And so now we have all the financial institutions that have now moved into the bitcoin space, and they're going to just let the government make it illegal and they're just gonna lose billions and billions of dollars. But remember who makes the laws with the lobby groups make the law. So are they going to make laws making it illegal for them to use and make money in the businesses that they've developed. I think the chance of that is very slim. Now it's possible, Everything is possible, but it's

certainly not my base case. I think the banks, the financial institutions will not be putting forward those bills. If those bills are put forward, they'll probably push back on those bills. We also have dozens of high ranking senators and politicians um that are pro bitcoin. And then we have potentially twenty five million Americans that own it that also wouldn't be very happy and would certainly be fighting back and voting against that as well. So these are

the things that make me bullish. Why we won't see um, you know, the government trying to make it illegal anytime soon. If you're just tuning in, you're listening to the Markma Show. We're talking about the decentralized Revolution, talking about the way

the world is changing. Of course, as we look at through lens of politics, finance, and technology, the technology being bitcoin, decentralized technology, it's always technology the changes the world, and we can see it happening right now at a time when the US dollar value of bitcoin is still kind of down, it's holding on, showing signs of breaking out. And these are the reasons why. I'll be back with more in a minute. Don't go away, I'll be right back.

All right, Welcome back. You are listening to the Mark Ma Show talking about the decentralized Revolution. We're running through some of the biggest news going around this week, and uh, looking at it through that lens. Remember, politics, finance, and technology is always technology that changes the world, and we are seeing this right now. There's a big, big, big, big story that's been um dominating mainstream media for a while.

Uh probably I think since April or May of two, but it all came to a head this week and I am talking about the world's richest man, Elon Musk taking over I don't know, maybe one of the largest social media platforms in the world, and that is Twitter. Of course, you know by now that Musk bought Twitter, he took a possession of it last Friday, and uh, there's a lot of information going around about that. Um, a lot of information that I think is wrong. I

think it's focusing on the wrong thing. And so, um, what we see all over the place is it's a threat to our democracy. It's a threat to our democracy. He's going to let all these mean things be said online.

Blah blah blah blah blah. Now why would people even say that in the first place, Well, they would say that because Twitter has been censoring people so harsh and so fast, been so strong that Um, now must said that he wants to allow freedom of speech, you know that thing that we're guaranteed by our constitution, the freedom of speech. Um, he wants to allow people to have free speech. And so instantly it's going to become a cesspool and of horror where people are gonna say all

these mean things. I mean, it's just insanity. And somehow that's going to be a threat to our democracy, which is even more insane First of all, we don't have a democracy. Just so you know that we don't have a democracy. What we have is a republic. If you've if you've said the Pledge of allegiance in school like I grew up saying, then you would know when you put your hand over the heart and you said, and

to the republic for which it stands. Remember that when Benjamin Franklin walked out of was it see what I'm drawn a blank on the name. When after they signed the Declaration of Independence they signed the constitution, he walked out and they said, hey, what happened? He said, well, congre adulations. You have a republic if you can keep it. We don't have a democracy with republic. But what is

a democracy anyway? And a democracy is rule of the people, of the common people, not of the elite, but of the common people. So there's no threat to democracy. The threat to the democracy is not allowing the common people to be heard. That's a threat to the democracy. Remember a democracy. If you look it up the definition, Um, I'm gonna I'm gonna look it up right now because I want to read it to you factually. So if we have it right here, uh, government by the people

exercised either directly or through elected representatives. So the government by the people exercised through representatives. Um, And it says the common people considered as the primary source of political power. So the common people, you and I were common we are supposed to have the power. It says, uh, the principles and policies of the Democratic Party the common people,

especially when constituting the source of political authority. So so all political authority is supposed to come from the common people, from you and I. And in order for UM, the political authority to come from you and I, then our voice have to be heard. And how do I how is our voice heard? Well, that's heard through free speech. If you're censoring half of the people in the world, that's not democracy, it says here point number five. The

absence of hereditary or arbitrary class distinctions or privileges. So this is not UM, some arbitrary group that's defined of these elites, these elites that run these platforms, these elites that fact check us. No, it's the common people. And just because you don't like the common people, let's says here the common people of a community as distinguished so different from any privileged class so just because you don't like what they have to say, it doesn't matter. It's

the democracy would be having hurt. Now again, we're in a republic, not democracy. But the fact that Elon must wants to allow us to have free speech un democracy is is a complete uh scam. Anyway, that's at the point of what I'm talking about. The point I'm talking about is that well sort of is right. It's the it's the convergence of politics, finance, and technology, and so

politically this is a very charged topic. Politically, Um, it's charged in the finance because obviously it's a forty four billion dollar deal, publicly traded company, richest man in the world, bravery deal, but also technology. And that's the point that I want to get to the real story here. I broke this on my YouTube channel. You can check out my YouTube channel just search Mark Moss on YouTube. And I really went deep into the research on this one and we looked at what why did Elon Musk really

buy Twitter? And I'm not gonna go through the whole thing. You can go watch the video if you want, but you have to understand, um, what Elon Musk said, Why he said, why he's buying it. He said, he's doing

it for humanity. But you also have to look at where he got his start, and he got his start at PayPal, and I believe that was in his partner, co founder Peter thiel Um put out a video which I used in my intube video where he said that, hey, we see that the rise of Internet enabled phones is going to grow really rapidly, and we think that these Internet enabled phones will allow people to move money, and they'll be able to move money and they won't need

the government or the banks to do it, and the government of the banks like China, he called out, will lose their power. The only way they could stop it would be to shut down the Internet and the mobile phone networks altogether. This is Peter Theeal PayPal co founder back in making a statement, and today that's exactly where we're at. Um. Smartphones or Internet enabled phones are basically at full adoption. They're almost adoption throughout the world, and

we have them exactly what he said. The problem is they started PayPal to change the financial system, but they weren't able to do it, and Elon Musk obviously sold out on PayPal, as did Peter feel also PayPal. Also Elon Musk and Peter Field originally wanted to call it X and Peter and Sorry Musk owned a domain name X and in two thousand and seventeen he bought that

domain name back from PayPal. We don't know how much, maybe six or eight million dollars or so um and he bought that name back X. Now, when he started talking about buying Twitter in May two he made a pitch to the investors to the board saying that he had an idea to bring a new product to Twitter called X that he thinks could bring in hundreds of

millions of users and create billions of dollars of value. Now, what is that X. Well, my theory, my research shows is that he started PayPal to change the financial system, to change where payments are done because he cares about humanity. They weren't able to do it with PayPal, and they left PayPal. He went back and bought the ex domain name back for them, probably with some hope of reviving it at some point to get back to his original mission, which,

as he said, he bought Twitter Twitter for humanity. Maybe he got back to his original vision to help humanity through payments. And now it looks like he's assembled some of the original PayPal founders, better known as the PayPal Mafia, to come back on the board. He's also partnered with c Z. He's the founder of Finance, which is one of the largest, if not the largest, cryptocurrency trading platforms

out there. And it looks like the project that he pitched to the Twitter investors and shareholders X is coming back, and this time it will have payments built into the Twitter platform, which could potentially free us from the banking institutions that hold us hostage over money. It looks like that's what's happening. Um, I'm connecting the dots again. If you want to go watch that video, go search Mark

Moss on YouTube. You can see that. If you're not following on social media, you should check me on social media as well. You can find me on Twitter and Instagram at one Mark Moss. That's just the number one. Mark Moss also put out a tweet thread on this as well, So if you want to keep up on the play to play day by day, make sure to follow me on Twitter, Instagram at one Mark Moss um check me out on YouTube at Mark Moss. You can see the whole video breaking this down. I have all

the graph the charts, the headlines. I called them the receipts, and of course I break down some of this to you as well. You're listening to the Mark Mass Show. We break down the intersection of politics, finance and technology, and that's what I got for you to day. Thanks so much for listening.

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