The Mark Moss Show Nov 26, 2021

or or maybe it's like watching paint dry. But it is happening, and history books will be written about this point in time. I know my grandkids are gonna think back and go, man, I can't believe my great my granddad or my great granddad bought all that bitcoin. Um, it is going to be that big. And you know, we we we talk a lot about a lot of different things. You know, I covered the price a little bit.

I'd like to say the price is a distraction because really in a new technology and emerging technology, we're looking for the the underlying or the fundamental things that are happening that that i'll you know, make us think that it's going to be so much bigger than it is. Um. If you're listening to me each and every week. Well, first off, if you're not to listen to me each

and every week, then you should be. And so why don't you just pull out your phone right now, put a put a time stamp, but put a calendar appointment on this channel at this time. Uh, it will be the most profitable part of your week. But I like to say each and every week that the prices distraction. We want to look at two things, and so we want to look at um the growth of the network, how many users are using the network, and we want to look at the development that's happening on the network.

Those are kind of the two things that we want to be looking at. And as long as the network's growing, more and more users are using it um and development is happening on it um, then we know that everything is still on track and that the future should be looking very very bright. And so I like to look at those things that that tells me more about the future. I think trying to, you know, think what the price is going to be by next week, or next month

or even next year is is very difficult. The short term picture is very very hard to predict, if not impossible. But I think the longer term picture is easier. Right. For example, UM, if if you ate a big Mac every single day for lunch from now until the end of the month, how much you know, how much weight would you put on? For example? I mean, I don't really know, but what if you did that every day

for three years? Right? It would probably easier to predict that in a couple of years from now than it would be in in in two weeks. And so that kind of gives you an idea like when you when you see these things happening now, it's easier to predict where they'll be in the future. And so one of the things I saw this week, which was which was massive, uh, and I guess it's it's sweeping through the industry is we're seeing multiple stadiums, football, basketball stadiums being being sponsored

by you know, cryptocurrency companies. We saw, um the Staples Center in Los Angeles UM be renamed the Crypto dot Com Arena. I believe one of the big stadiums I think in Miami is sponsored by ft X, which is a big cryptocurrency exchange. And uh. This week we also saw a basketball team that the Houston Rockets have actually partnered in a sponsorship deal that's going to pay them out in bitcoin, which is pretty big. Now. You might have seen or heard of things like this happening before.

As a matter of fact, I've talked about this sec I think a few weeks ago I talked about UM. The quarterback Aaron Rodgers has agreed to be paid in bitcoin. I think Tom Brady, the quarterback, is also being paid in bitcoin. We've seen Frances Soarez, he's the mayor of Miami. He was like I think, the first one who came out and said he was gonna be paid in bitcoin. Now we've seen I think I want to say five, four or five other mayors have come out saying they

want to be paid in bitcoin. Even even the mayor I believe it was the new mayor of New York City said that they want to be paid in bitcoin. UM. And it's just so it's just spreading, right, It's just spreading and spreading and spreading, right. We want to look at the growth, the growth of the network, and it's like spreading like wildfire. I mean, one one mayor said he wants to be paid one athlete. I think the first athlete I really remember UM was Russell A. Kong.

He's a football player. He was very very outspoken and getting paid in bitcoin as a football player, and that was probably two years ago. He's been super vocal. And now we're seeing athletes just left and right, UM, choosing to be paid in bitcoin. UM. And then you have one mayor like Frances Suarez in Miami and say Miami is going to be the bitcoin epicenter of the country.

And now five other mayors, including New York City, have come out and said that in now New York City wants to compete with UM Miami to be the main bitcoins center. UM. And so that's the way to understand bitcoin. You have to understand a lot of things, and that's why it's difficult for most people to get it. You have to understand a lot of things. And so some of those things are history and monetary systems and currencies

and technology, um. But you also have to understand philosophy like human sentences, and you have to understand game theory. And so this is the game theory, right. It's like, um, it's like a game of musical chairs. When the music stops, there's not gonna be enough chairs for everyone to go around. And so who's going to get those chairs first. And of course with bitcoin, there's a hardcap. There will never

be more than twenty one million. Now that might sound like a lot, but let me put that into perspective for you. There's about approximately fifty million millionaires in the world. So there's not even enough bitcoin for all the millionaires in the world to own half of one. And uh, we have some people like Michael Saylor who owns hundreds of thousands of them. I don't know anywhere near that many, but I definitely own um some and uh, that means

there's not even enough. Uh, there's not there's no work even close for these millionaires to get half of one. That's I mean, that's just how scarce it is. So that the music is starting to stop and everybody's grabbing their chairs. That's what the mayors are doing. Um, that's what these athletes are doing. We're even seeing nations do this, right, So El Salvador announced that they were gonna move to um using bitcoin as a currency, and now other nations

are starting to do the same thing. But back to this. News that broke this week was the Houston Rockets, which I think was pretty big and what I liked about the Houston Rockets deal is it wasn't just like a personal kind of selfish thing. So what I mean by that is, uh, you know, if Aaron Rodgers, as I talked about, chooses to get paid in bitcoin, I mean that's great for him, right, Um, it increases his bitcoin stack. It doesn't really do much about much about other people

and the and the bitcoin space overall. But um, here the NBA team, you know, the Houston Rockets, UM took it on and it says that they partnered with Nightigg in the sponsorship deal paid in bitcoin, and the team will provide bitcoin education programs for the community and bitcoin rewards and payment options for fans. That's what I mean selfish and and don't take that word the wrong way about what I mean is Aaron Rodgers going to buy bitcoin? That is great for him. But this is the team

is going to provide bitcoin education programs for the community. Right, so they're gonna reach out and start building education programs for the people and really blow this up. And again remember we're looking for two things, right, the growth of the network and uh and the development on the network. So this is the growth of network. They're actively UM building out programs to grow the network, and that's massive.

Of course, UH, you're probably we probably have plenty of sports fans listening to this, and they understand how much influence these sports fans have, where these athletes have and these brands have. And so when they're saying, hey, you should educate yourself on bitcoin, and then even better, they're paying bitcoin rewards UM and and allowing fans to pay in bitcoin, I mean, I think that's just going to

be massive. UM. They said that bitcoin is uh provides a creative reward payment options for their fan base and associates UM. And it says the Rockets quote, the Rockets will be hashtag paid in bitcoin. UM. So I think that's massive. I think that's that's that's awesome. UM deliver new opportunities, new experiences for the Rocket fans, for the city of Houston. UM. Of course their Houston, Texas, which Houston has become the epicenter, literally the leader, the global

leader in bitcoin mining. The governor of Texas, Governor Abbott, has even been talking about UM making bitcoin main currency in the state. So I guess there's no surprise that the Houston Rockets are the first ones to do this. But think about the growth that this will create, think

about the buzz that this will create. And then, like I said, not just in them using it selfishly, like hey, we're gonna put part of our savings into it, but no, we're going to create programs to educate people and incentivize people to use it. That is massive. And so when I see that, that tells me that the that the network is going to grow, and when the network grows, the price is going to grow. After that, now, I want to talk about some other things that are really

going to trigger Bitcoin's growth even faster. Um, I'm gonna show you some numbers that are going to probably blow your mind. By the way, you're listening to the Mark mos Show, and of course we're talking about bitcoin and cryptocurrencies and the decentralized revolution. We'll be right back. Let's tell you more about Bitcoin's skyrocket. All right, welcome back. You are listening to the Mark Moa Show, and we're talking about bitcoin, of course, each and every week, don't

miss it. We're talking about bitcoin, we're talking about cryptocurrencies, we're talking about the decentralized revolution, and I'm trying to give you the play by play each and every week, so you have the information that you need to be well equipped, to be properly equipped to be positioned to take advantage of this the biggest opportunity you'll ever have UM. And if you listen to me each every week, I promise you you're gonna have in formation that most people

don't have. So when you go to those parties, UH, you're gonna you're gonna sound like the smartest guy there. So if there's no other reason, just so you're cool, go ahead and listen to me. But it would probably be much more profitable for you than that over the long run. Now, before the break, I was talking about UM the again, right that I say it over and over. The prices a distraction. We want to look at the

network growth and the development. And we look at the network growth, we look at the amount of people, the number of people using it. We're talking about the Houston Rockets, the basketball team. UM is going to start UM allowing people to pay in bitcoin, provide education for the community UM and centives, rewards, et cetera. And so that's gonna that's just going to accelerate the adoption, to accelerate the growth of the network so fast that it's just gonna

blow minds. But there's some other things that are going on that are going to do that even more. And one of those things is that, um, the bitcoin will continue to look more and more attractive in US dollars terms, because as the US dollar itself is continuing to go down and down and down. What do I mean by that, Well, a lot of people think that their homes have become more valuable. Oh my gosh, I can't believe it. My home used to be five thousand dollars and now it's

eight hundred thousand dollars. My house went up in value. M I hate to break it to you, Um, your home didn't go up in value. The dollars became worth less, and now it takes more dollars to buy that home. Um. Uh. I recently bought some property out in in the Austin, Texas area, and I was talking to some other friends that are out there, and one of them, um bought a house on Lake Travis, which is I'm not on the lake, but on Lake Travis out there of Austin.

And he bought his house a year ago for ten million dollars and just sold it one year later for twenty two million. Insane bought it for ten million and sold it for twenty two million dollars. But guess what, the house didn't go up in value. The dollars lost value. It takes more dollars to buy those things. And so as the dollar continues to lose purchasing power, those dollars purchase less homes today than they did before. People look

for ways to increase their purchasing power. And so as the dollar is going down and bitcoin is going up in value, Bitcoin continues to look more and more attractive. That's why I will continue to see the network grow. Now. As I said, as those dollars are losing value for for a number of reasons, but primarily because the government, the central banks cannot stop printing them. They cannot stop

creating money. They are printing. They're creating money like it is going out of style, like we've never seen any time in all of history. As a matter of fact, somewhere between thirty of all the dollars in existence today we're created in the last year and a half. Wow, that is amazing. I mean, we've just never seen growth

like that. We've seen about twenty five percent inflation per year What that means is that prices they created about um the money supply increased about in the year, and then we see prices go up by about in a year now. Some places like Lake Travis go up, some places go up less than but on average that's what we've seen. But they want to spend even more money.

They can't get enough. As a matter of fact, last week the world leaders all met in Glasgow at this climate Climate summit, and they they made a bunch of big proclamations, a bunch of big moves, and um, they basically came back saying that in order to save the world, we have to destroy it. They didn't actually say that, but they said, in order to save the world, we have to act quick and we have to do all

this spending. Who saved the environment to go green? We want to go net zero is actually the quote that they said. And they came back and they put this report together, all these things that we have to do in order to get to net zero per This s c OP is what they met on. And so in order to achieve the transition to clean technologies in all sectors at an unprecedented pace would be required. They said that they're gonna have to to steer the governments and willingness

of society. That's the keyword. We have to steer governments and the willingness of society because the society and don't want to go along with this UM. And guess what, it's going to cost a lot of money. It's gonna cost a lot of mind. As a matter of fact, it's going to cost more money than we've ever seen in the history of the world. I don't know where they're gonna get it from UM, but they're gonna somehow

get it. I'm guessing they're going to print it. The money printers are gonna be printing all night long, worrying like like machines, and so UM Bank of America basically went through all of the UM proposals that were put together to get that zero and Bank of America came out with the report and said that UM. They said, the key question is how much will it cost? Question

Mark Well. Bank of America. UM writes that a hundred and fifty trillion dollars will need to be spent over the next thirty years, which is five trillion dollars per year. Now I know, we go numb to numbers so maybe that doesn't mean a lot to you. UM, but let me just man, man, it's such a big number. How

do we put into perspective? Basically, it's twice the current global GDP twice two times so UM, typically you would normally people like you and me are business as our households, we would spend less money than we bring in, the government should also spend less money than they bring in. That's the GDP. But no, they want to um spend twice the current global GDP five trillion dollars and annual

investments UM A hundred and fifty chill. Now, to put this into even more perspective, UM, the entire debt of the United States over the last I mean two hundred years is now up to an eye break, you know, a nosebleed height of about twenty eight trillion UM, which, as I said about that was creating the last year and a half UM trillion. They want to spend a hundred and fifty a hundred and fifty thirty, they want to spend thirty two. I mean, it's just it's just insane.

It's just insane. But what's going to happen? Well, the about they're going to print more dollars, the value of those dollars will continue to go down and down and down. They'll be buying less gasoline will be twenty five dollars a gallon. Oil will be three a gallon. You probably won't be able to travel by air anymore because it will be so expensive, UM. And that is only going to make Bitcoin look more and more attractive, because of course they can't add to the supply a bitcoin. It's fixed.

They can't do that. So we're gonna have one asset that they're printing so fast, they're manipulating so fast, that's going down in value, and then we have another asset that can't be manipulated, and that will be going up in value. And when people start to see that um contrast, of course they're going to be jumping over into the new asset. Now that's what Bank of America said hundred chillion, but some estimates say even more. As a matter of fact, UM the b n e F as a higher estimate.

They say the total investment needed for energy supply and infrastructure could be as high as a hundred and seventy three D seventy three trillion, almost six chillion annually UM but there's something that will happen before we get to the level. There's a trigger that was predicted by one of my favorite economists that I want to talk about when we come back. UM, something that when this trigger happens,

it's like a floodgate is going to happen. UM. So I'm gonna tell you about that when I get back. By the way, you're listening to the Mark Mash We're talking about bitcoin, We're talking about cryptocurrencies. We're talking about this decentralized revolution. We're talking about potentially the end of currency as we know it. UM, don't go away, We're gonna listen. We're gonna come back and talk about um, the trigger point. I'll be right back. All right, welcome back.

You are listening to the Mark ma Show, and we're talking about bitcoin. We're talking about cryptocurrencies, we're talking about the decentralized revolution. I want to tell you that we're talking about bitcoin because you should join me each and every week because we're literally sitting on the biggest shift to humanity that we've ever seen. It's a technological revolution. UM. I know a lot of people are trying to figure out, like what's going on with the technology and what are

these n f T things? And can I make a jpeg that I can buy on the blockchain? But it's way bigger than that. We have way bigger problems than that, and this is gonna be way more monumental than that. So, UM, we're not talking about pokemon cards UM on blockchains. I'm sorry. UM. We are talking about the problem in the world that's happening right now that is going to create a massive problem for most people, but also potentially the biggest opportunity

of your life if you're paying attention now. Before the break, I was talking about how um as the dollar value is going down, meaning the purchasing power, meaning it purchases less and less and less because they're printing more and more and more UM. That is going to make more and more people want to go to bitcoin, right, So

they're manipuating the money supply printing more money. I talked about how under the new UM climate change that they did at the COP twenty six last week, they want to spend about a hundred and fifty trillion dollars UM to somehow you know, reduced greenhouse gases or something like that, and so that is only going to continue to make the dollar worth less or worthless, um, and more and more people will be jumping ship out of that sinking

boat and moving into something that can't be manipulated. Now there's a there's a process that was highlighted by one of my favorite economists. His name is Ludwig Gavon Mess and um, he illustrated or he actually kind of laid this out for us in something that he calls a crack up boom. All right, a crack up boom. And the crack up boom is an economic crisis that involves a recession in the real economy and it collapse of the monetary system due to continual credit expansion resulting an

unsustainable rapid price increases. All right, so think about that. Um, it's a it's an economic crisis. So the economy that involves a recession, all right, sound familiar. And then and then the monetary system do a continual credit expansion, so the economy is failing. Um. In southern California, we have, you know, all these ships off the port. We used to have none off the coast, and now they're stretching

from Long Beach all the way to San Diego. You guys, probably don't know how far that is, but it's like hundreds of miles. I think there was a hundred and ten ship at some point sitting off off the coast. The economy is falling apart um while the monetary system

has this continual credit expansion. So the Biden administration, the Brandon administration is continuing to try to push more money through one point nine trillion for this, another three point five trillion for this, and now, as I said, they want to come up with a hundred and fifty trillion dollars um and so where do they get that through credit expansions at the same time, right, so the economy

is falling apart, the credit expansion is happening. So it's really those two key features, right, excessively expansionary monetary policy in addition to the normal consequences and to um which leads a hyper inflation. So that's kind of what what the setup is. I want to read you a couple of things here. Now, um, there might be a lot of economists listen to this. There might be a lot of people who majored in economics in college, and you might not be familiar with the what's known as Austrian

economics or the Austrian school of US economics. And that's because it's purposely not taught to you. And the reason why it's purposely not taught to you is because it doesn't make printing money unlimited seemed like a good idea, and so, uh, they don't want anybody to think that. So in the Austrian business cycle theory, in the normal course of an economic boom would be driven driven by

an expansion of money and credit. The structure of the economy becomes distorted in ways that eventually result in shortages of various commodities and types of labor. All right, I'm reading that. Um, I'm reading that word for word. So in the normal course of an economic boom, driven by expansion of money again, right, expanding the money supply. So for those of you guys don't know, in uh, in one we broke the gold standard and we've been expanding

the money supply. The gold standard kept the US dollar supply fixed tied to gold, and since then it's been expanding. So it's an expand expansion of money. So in economic boon, driven by the expansion of money and credit, which is what we've had, right, um that says the structure of the economy becomes distorted in ways that eventually result in shortages of various commodities and types of labor. So the economy becomes distorted because money is what what is what

communicates value. The price is the signal that helps coordinate things. So how do I know if I should make more of one thing and less of another. Well, the price. If nobody will buy anything for it, then I should probably stop making it. If a lot of people will pay a lot of money for it, I should probably make more. The price is what coordinates eight billion people

around the world. But when that becomes distorted, as it says, because of the fake money that was poured in, it results in shortages of various commodities and types of labor. That sounds like what we have going on right now. Supply chains are backed up. Why because they don't have the parts they need? Why because they can't get the supplies. Why because they can't get commodities. Why we have we have shortages of labor. That sounds familiar. Now everybody thinks

this is transitory. We don't understand why Joe Biden promises he's going to get to the bottom of this. He's gonna file Uh, he's gonna look at the SEC and have them to start looking into businesses to figure out if they're doing some unfair things. No, no, no, no, it's the expansion of money and credit. It was predicted years ago. Okay, so then um which then leads to

increasing consumer price inflation. So results in shortage of various commodities and types of labor, which then lead to increasing consumer price inflation. Sound familiar, Then I'm gonna read again. The rising prices and limited availability of necessary inputs and labor put pressure on businesses and cause a rash of failures of various investment projects and business bankruptcies. This is known as the real resource crunch, which triggers the turning

point in the economy from boom to bust. All this, we knew this was going to happen. This is what happens when you have a monetary expansion. This is why they don't teach Austrian. Uh, Austrian economics in colleges. They don't want you to know this. One of my other favorite economists, Frederick Hyak, he's Austria, also from Austrian school. Now he actually won a Nobel Prize in Economics in the seventies. UM, so they did recognize it back then. That was, of course, when we were still in the

gold standard. UM and he famously described the situation as like grabbing quote, grabbing a tiger by the tail. Once the central bank decides to accelerate the process of credit expansion and inflation in order to head off any recession risk, then it continually faces the same choice of either accelerating the process further or facing an even greater risk of recession as distortions build in the real economy. So UM, again they warned us fifty years ago this was ap

But once it starts, you can't op um. You either one have to continue go, which continues to make the problem worse, or you stop, which puts the whole system at risk and and crashes everything. And so you want to know why supply chains aren't working. You want to

know why things aren't working. You understand. I was trying to fly home from Miami on Monday too, back to my house in Puerto Rico, and my flight was delayed, and it was delayed again, and then there was a problem with the plane, and then UM they had to they had to get us another plane, and then the crew timed out and had to go home. Like this stuff happens all the time. Now, this didn't used to happen. The world used to work, boats, used to get unloaded,

planes used to fly. All these problems are a symptom of what's going on now. This is putting um, you know, putting stress is putting pressure on the dollar. They're creating more and more dollars to try to that's the only option. But it makes them worth less, which then makes bitcoin

more attractive. It's it's the safe DeValve. Now there's a point, there's a trigger where something happens, and I want to explain to you what that is, because you don't have time once this trigger happens, you don't have time to make a move afterwards. You have to make a move before the trigger happens. Of course, you have to buy you have to buy insurance on your house before the

fire burns it down, not after. And so I want to tell you about this trigger that's potentially coming um because like I said, if you wait until you see it, it's gonna be too late. And so I want to show you right now how we can see it's already about to trigger. We'll talk about that, of course. You listen to the Mark mo Show. We're talking about bitcoin, We're talking about cryptocurrencies, We're talking about the decentralized revolution.

We're talking about why, why bitcoin, why bitcoin is about to explode, and why you might want to consider getting a little bit. Listen to Mark Moss. I'll be right back. All right, welcome back. You are listening to the Mark mass Show, and we're talking about bitcoin. We're talking about cryptocurrencies, we're talking about the decentralized revolution. We're talking about economics.

We're talking about the economy. We're talking about warnings that were given to us a long time ago by Ludwig von Mesas and Frederick Hyak from the Austrian School of Economics. The reason why we're talking about those things is because that is why bitcoin is here today, that is why bitcoin will be here in the future, and that is why you probably want to go buy some, if not a bunch of bitcoin right now. Um, everybody, you know, I've been doing this for about seven years now and

it never fails. You know, last week when bitcoin pumped up to it's it's high, you know, shot up to about sixty dollars. I'm getting text messages from people I haven't talked to in five years? Should I buy it? Should I buy it? Is it too late? What do you think? Right? All these things, they're failing to take the time to understand. Why, Why would I buy it? Why would I think it would go up in the future? Why? Uh? And if I understand why I think it would go up,

then where will it go? How high will it go? We have to understand why. And so that's what we're talking about. We're talking about economics, and I know it's not the most fun or most sexy uh subject or topic.

I'm trying to make us some entertaining for you. And we were talking about what Loons is called the crack up boom, and he basically told us that, UM, you know, when you expand the money supply, when you have an economic boom driven by an expansion of money and credit, UM, then you get, um, the economy becomes distorted and you have shortages, and you have you know, commodity shortages, labor shortages. UM.

It leads to consumer price inflation. Now, UM, the leaders of this country today can't seem to figure out what's going on with inflation. But that's it. It's us, It's right there in front of us. Now, what's important to understand is that Dring von Mises talks about in this crack up boom. He says that with each substant round of an expansion and prices increase, then people can no longer afford these high prices, so the central banks have

to expand even more to accommodate more prices. And basically what happens is the the central bank has to continue to be involved. They have to continue to stimulate the economy, which is exactly what they're doing. So Biden says, hey, let's go and uh, we're gonna go fix the problem with with the with the with the ships that can't get unloaded and long beach, or let's go fix the problem with high gas prices, or let's go fix um, you know, the the the the climate or whatever it is.

But each time they do, it only makes the system worse and worse and worse. Now, the point that we get to at some point is this actual crack up boom, And basically what happens is that once the public realizes what's going on, which of course is why they're not telling you. Once the public realizes what's going on, once the public realizes that the quantity of money will just continually expand, once the public realizes that inflation is not

a problem, it's actually the goal. Like this price inflation, the price is getting more and more expensive every day on you, every year on you, like um, gasoline getting more expensive. Your house is getting more expensive, your food getting more expensive. That's not a symptom they're trying to solve. That's their goal. The stated goal of the central bank is two percent inflation. That's their goal. They want prices

to be getting more expensive on you. They want your dollars to buy less and less goods in the future. That's their goal. This is not a conspiracy, look it up. That's their goal. That means that you're losing ten of your purchasing power every five years. That's what that means. And it's what what Mesa says is that once people realize that this money expansion is going it can never stop and it's going to continue. Once they realize that

inflation is actually the goal, then it stops. It cracks apart, boom just like that. Why why does it do that? It's because something known as trust. Now, if any of you guys have ever been in a relationship, any type of relationship of business, relationship, of marriage, of a boyfriend, girlfriend, any kind of relationship, you know about trust. Trust is

something that's very fragile. As a matter of fact. Growing up, my dad continually told me over and over and over and over and over again that it takes a lifetime to build up trust, and it takes one instance to ruin it. A lifetime to build up trust and one instance to that's how quickly it falls apart. Now, a lot of people think that the that the dollar, the United States dollar is backed by Some people still think

it's backed by gold. Um. Some people think it's backed by the credit of the government, um, which whatever that means, because the credit of government is dollars. Some people think it's backed by the military. It's backed by the guns. Right, it's backed by the military. Um. Well, none of those things are right. None of those things are anywhere close to correct. Um. A military doesn't keep the dollar worth something. Um. Countries that currencies felt all the time. I have militaries

and their currency still fells. The dollar is backed by trust, right, you have to trust that somebody else will take it from you in the future. Otherwise you wouldn't hold it down. In Venezuela, where the currency blows up, um, people don't want to hold the currency. They don't trust it. As a matter of fact, you can find it lined up in the streets and people are scrambling to get into any other asset. They can not hold that that currency.

So they're trying to buy bitcoin, they're trying to buy whatever they can buy, gold, food, whatever, anything they can buy. And rather than holding that money, and so it's backed by trust. And as I said, right, trust is very fragile, and once it's broken, it does isn't come back very easily. And so m trust is what's holding the dollar. Now. You may not know this, but the but the banking system in United States, the Federal Reserve and the banking

system runs on something called fractional reserve banking. And that means that when you deposit your money in the bank, your money doesn't sit there in the bank for you. As a matter of fact, the bank loans it back out. And for every um one dollar you put in, they can loan out about nine dollars. And then they loan out those nine dollars two guys that buy more things.

They buy a car, they bought a house, whatever, And that money goes in the bank, and then the bank makes more money off that, and that money goes in the bank, and they make more money off that, and on and on and on. So the bank doesn't have your money. If people have stopped trusting the banks and said I'm gonna get my money back, there's no money there.

As a matter of fact, if if if about one percent of the people in the country gave up trust of the bank and said I don't trust you, I want my money, I'll take the cash, one percent of the people going to the bank to pull older money out would cause an entire collapse of the system. That's how fragile trust is now. Um. A new global survey came out just just late this week, and I said, fort of people globally say they trust bitcoin over local currencies.

That's trust. People don't trust their currency. People don't trust their governments, and of course there's no reason why they should. They're lied to at every moment. And not only are they lied to, they're constantly censored and quieted. Um, they're constantly misled. Right, So so why could the leaders are always wrong? They're telling us that they don't know why inflation is here, but it's right in front of our faces. We've known it all along, and so why should they

trust us? And the thing about trust is again back to a relationship with a business partner or a girlfriend, boyfriend, whatever, you know. You may suspect that business partner of doing something wrong um and that trust is failing and it's failing, and it's failing, and you're starting to gather more info and more info is failing, is failing, is failing, and finally it's broken. So if you find that piece of finally something happens and that trust is gone, it's never

coming back. And that's where we're that's where we're headed. That's the that's the moment, that's the crack up boom. We're already attent of people say they trust bitcoin more than their local currency, and those people they're continuing to build more information, more information and more information. That's why you see these athletes saying they want to get paid in bitcoin. That's why you see um um publicly traded

companies saying they want to hold bitcoin. That's why you're seeing governments now like Salvado were saying they don't want to hold dollars, they want to hold um, they want to hold bitcoin. And that's why the dollar is continuing to lose value. People don't trust it, they don't want to hold it. And you know, trust is fragile, it's about to be broken. And when it's broken, at that moment, no one's gonna hold it and everyone's gonna go buy bitcoin.

The only question is are you going to be in position before that happens or will you be one of those people trying to get in after the music stops. We like to say that everybody will buy at the price they deserve, but you have a chance to get in earlier. You're listening to the Markma Show. We're talking about bitcoin, we're talking about cryptocurrencies, we're talking about the decentralized revolution. I'm trying to give you the head start.

Grab your chair before the music stops, because the crack up boom is coming.