The Mark Moss Show Oct 10, 2022

the cryptography and those types of tools. Now, um, we got a big show today because there is a lot of things going on. I want to tackle a big subject that is affecting everybody. It's affecting everybody in ways they see, but it's also affecting everybody in ways they don't see. This is the single most important issue for

your life, the quality of your life. Um, meaning um, you know, the quality of life really comes down to, uh, your purchasing power, your ability to get goods and services right. So if prices get way too expensive and you can't buy the things you've used to been buying instead of having steak you have to now eat spam for example, the quality of your life went down. Or if you're not able to get the goods and services that you want. Right, your flights are not running on time, or the stuff

is not being delivered to the store. Right, those are things that bring down the quality of your life. I say it over and over, but you don't want money. What do you mean, Mark, of course we want money. No, you don't. You want the things money buys you. And money in your bank is there as a placeholder until you're ready to get those things that you want. So if you can't get those things that you want, either because you can't afford them or to they're not available,

the quality of your life goes down. Now there's other factors, of course, right, like unhappiness and violence and relationships and whatever, but we're not going to dive into all that today. We're gonna talk about the single most important driver when it comes to quality of life, at least in regards to your purchasing power getting goods and services things like them, UM and And of course we're gonna tie all the

way back. And part of part of this is UM not just because it affects your life in ways that you probably don't even see, in invisible ways, but it has massive impact. But it's also reshaping the world. And there's more than we're gonna cover today, but it's part of my big thesis about how the world is going to break apart. We're in a unipolar world. We're moving

to a multipolar world. We're seeing this being exaggerated today with you know, Russia and China and Ukraine and a new monetary system being created in the bricks nations, in the new l b m A, the new London, uh, you know, gold market competition, um, you know, shifting to other currencies, the bond markets, breaking that sovereign default's like, we're seeing all this happen, um, And what we're gonna talk about today is actually one of the top couple

of catalysts that are going to continue to push the world apart. It's more than we can cover today, but you're gonna you're gonna see that. We're gonna frame it up. But I want to talk about it where it's really hitting you today. And of course that's in the pocketbook and you may not fully understand this, so um, it sounds super simple at first, but we're gonna dive in

deep so you can understand it like we always do. UM, so you can understand all the way down at what I call first principles or not not I call it. That's what it's called first principles, down to the base layer, because if you can understand it here, then you can start to formulate your own ideas off of it. And um, I like to say that almost everything you've learned is wrong because they don't teach you what it is you

really need to know. The media is gaslighting you. It's a form of economic I'm not sorry, not economic psychological warfare against you. What you see is not really what you see. They're lying to you. We're all living a lie. We're living a lie more than we ever have before, which is why people are rising up and and hungering for thirst and third, I'm sorry, hungering and thirsting for truth.

And we're seeing this super evident just three times in the last We talked about it last week, but the new PM in Italy Maloney and the speech that she gave, and she talked about how fires would be drawn to to to proclaim that two plus two weekals for swords would be drawn to proclaim that leaves turn green, and so that's for truth. President Bukeley and El Salvador put this big op ed piece out this week saying it's a war on truth. Putin in his big speech he

gave last week, said it's a war on truth. So as as as there is war on truth, we want hunger. Are we hunger for for truth? And and let's break this down because you are being gas lit. So anyway, let's jump into this. So it sounds super simple at first, but gas prices, let's start their gas prices. Gas prices hit or gas prices break the price they set the record price they set in June of this year in Juno.

So gas prices since Biden was elected in November, um in November, when he took office in January, they have just continued to escalate. Boom boom, boom, boom boom. I've talked about the six sense of the I'm not gonna go back all the way through the data. You know. Of course, the Biden administration wants to blame this on Putin, Putin's war. They call it as a matter of fact, I'm gonna I'm gonna come back to this, but a quote from Press Secretary Jean Pierre said Putin's war. So

they're blaming it on Putin's war. But as we've talked about extensively. I'm not gonna go back into the data, but the price of gas started going up astronomically the day he was elected. It started up even faster after he took office, and it has continued to accelerate. Um, sure it's accelerated some, it's accelerated some since the war started, but it really started long before that. The majority of the move up started before that. So anyway, gas price

at record high set in June. Now, if you remember, um, there was all these stickers. I don't know if you've seen them. There's like stickers on the gas pump. But of the of Biden said, I did that right, because of course he attacked the energy industry. We're gonna get more into that in a minute. But then, uh, you know, they said that this was mean and how dare these people put these stickers on the gas pumps, saying Biden did it? But then he went and took credit for

the prices come back down. But let's take in this for a minute. So I don't know where you're at in the country or the world of what your gas prices are. Um, in California, they are through the roof. As a matter of fact, they hit a record high of sixty six in Los Angeles. However, some places in Los Angeles or almost eight dollars and fifty cents per gallon, eight fifty six per gallon. Now, I know, my wife was out in Texas earlier in the week and she filled up the car for about just a little over

three dollars per gallon. It's a pretty big swing from three dollars to eight fifty per gallon. Pretty big deal. Um, So, I don't know where you're at. But however, wherever you're at, they're at. They're at a they're at a record. The average price has written risen thirty one consecutive days, going up a dollar in twenty two cents. It's a big increase.

Says that gasoline prices have risen in California over the past several weeks despite a gradual decline across the nation due to several unique factors, including problems at local refineries. California has already paid the highest gas prices in the nation due to environmental regulations and taxes, but the number of refineries uh and limited to the number of refineries thanks to the same regulations. So why are gas prices so high in California. It's the government. It's the taxes

that they levy on them. California is the highest taxes on gas anywhere in the nation. And because of the requirements, Californias can't use regular gas like the rest of the nation. We have to use special gas and it requires extra work to produce, extra costs, and and because of that, you have to take the oil and it goes through a refiner. With refinery it turns the oil into gasoline because obviously we can't put oil in our gas inc uh and and it has to be turned into gasoline

through refineries. But California has been shutting down refineries. We have less refineries, less less, less, less less, and now we only have a few refineries left and turns out once in a while, you know, one's got to be serviced and things like that. Situations happened where it declines its output. And we're very, very susceptible because we've lost most of our refineries. Why because of the regulations. So that's why gas crisis are so high. It's always the government. Um,

the free market could figure that out. Um. What Biden did, what he said, he took credit for We've talked about this before. Was he has been releasing the strategic petroleum reserves. That's our oil reserves. So the United States after the seventies, we had this uh huge oil crisis um where you could only get gas on like odd and even number days based off of what your license plate was. UM.

Massive inflation caused this. And because after that, coming out of the end of the eighties, we thought maybe it'd be good to like have a stockpile just in case we have this. So we'll talk about that more in a minute. Were gonna talk about the things that just happened. And really the war that the Federal Reserve is waging on your retirement account and your real estate and every other asset is a war that they can't win. And of course, yes, it all comes back to the oil.

So if you care about your retirement acount, if you care about your real estate, if you care about your biitcoin, uh, then you care about what the Feds doing with the oil. So I'm gonna break all this down as a big show. Hopefully I can get through it all. I'm wanna talk really quick, do not miss it. I'm gonna take a break, I'll be back in a minute. All right, welcome back. You are listening to the Mark mo Show. We're talking about the decentralized revolution, of course each and every week,

and we're talking about it today. We're talking about it in a little granular detail, but I'm gonna expand on it, so you're gonna really understand how it's affecting things today, how it's affecting you at the pump, but how it's really exaggerating or really the catalyst for continuing to break this world apart into this decentralized world that I'm talking about. It's my thesis. So we're talking about gas prices record high, broke their June record. Um Biden took credit for bringing

the prices back down. How did he do that? Well, he was dumping our strategic petroleum reserves sprs, and so I was saying, how, um, we had this massive energy crisis in the seventies. Uh, lines for hours. You can only get gas every couple of days. Lines stretched out for hours and hours and hours. Sometimes you'd wait in the line for hours. You couldn't even get gas when you got there. You can only get a little bit of gas, et cetera. It was a big problem. Massive

inflation really hurt the economy. So in the eighties we said, well, let's let's get these reserves so that you know, we have savings, so like in case we have a shortage, like we have savings, which is like pretty good. And as a matter of fact, I recommend each of you have some savings in your bank account. If you don't work on it, cut back on your spending. Build up those savings because a storm is coming and you're probably gonna want to have a little bit of reserves. And

that's exactly what the oil was. Now Biden wants to take credit for bringing down the gas prices, so he's been dumping our oil reserves. Our savings are rainy day fund. We're not in a rainy day. There's no storm coming, there's no emergency. But yeah, they've been dumping in his matter of fact, now the spr is at its lowest level since the eighties, which is when we started to accumulate them. So uh, it's as as we were filling

those reserves were all the way back to there. Um when Trump was president, he wanted to top them off so they weren't a hunter percent fold. He wanted to top them off um. He had made a deal to buy oil for I think twenty twenty or twenty five dollars per barrel at that time. Um. And he was really trying to uh, this is coming out of the pandemic. Um And he was really trying to help the oil companies kind of get back on footing. And so he's like, hey, we'll just buy you know, we'll top them off at

twenty bucks barrel. Well, Biden is now wanted to want to buy some some oil. We're gonna come back to this in a minute, but want to buy some oil from OPEC, which is the Middle East. Um An. He want to buy it for eighty dollars a barrel. Now, when Trump wanted to buy it, he was accused of of supporting big oil and how dare he support these big monopolies? Um? But now that was the twenty bucks.

Biden wants to bide eighty bucks and instead give it to Saudi Arabia, who uh you know they're giving diplomatic community to killing a Washington Post reporter and uh all the other human crisis situations they have going on over there. So we'll give it, you know, how dare we support American business? The twenty bucks. Let's give it to OPEC Middle East the eighty bucks. Anyway, that's a whole different story. So anyway, Biden said, hey, you know, we brought these

prices down. I did this. I took credit. Well, if he took credit for bringing it down, does he take credit for it going back up again and breaking the record. I'd like to know the answer to that question. Of course he won't. Of course he doesn't. And of course they have a story or I should say an excuse. I might even say a lie to cover it up. So as we always see the new White House Press secretary, UM who I am not a fan of Um. I was not a fan of the previous one. Jen Saki

remember her. I'll circle back, I'll circle back. Oh yeah, I'll check that. I'll circle back, I'll circle back. She never had an answer for anybody. It was always all circle back, I'll circle back. She never had an answer compared to who was there before her, which was Trump's Press secretary, UM who was so sharp. I mean she

had an answer for every single question. And if you remember doing the Trump administration, I mean in the in the in the press briefings, they would just get hammered with questions and she would just stand there and just handle everyone. Then jan Zachie came in and was like, I'll circle back. I'll circle back, I'll circle back. I never have information. Now we have Karrenan Jean Pierre, and she just straight lies. Um, maybe she doesn't lie. Maybe

she's just reading the talking point they gave her. Maybe she doesn't know she's lying. Maybe we'll give her the benetth of the doubt. So she says, in regards to um the situation that's going on, she says, quote, it's clear that OPEC is aligning with Russia. It's Russia. It's all Russia's fault. It's clear OPEC aligning with Russia with today's announcement. We're dealing with a time where the global

economy is responding to Putin's war. So by making this decision, it's going to have an effect on low and middle economic income countries. She said, Is that true? So we're gonna dig into this. I want to break this down for you a little bit. I want to show you what the Feds do into your retirement account and how this has something to do with oil. This is the battle of m hmm. Maybe not quite the battle of our lifetime, but it might be the biggest battle that

we've seen. Probably there's bigger ones ahead of us, but this might be the biggest one we've seen. So um, it's clear it's OPEC. OPEC is doing it. What's OPEC doing I'm gonna talk about that in a second, But is it really? Is it really Opec? So? Um? Well, okay, let's talk about OPEC. So OPEC just announced that they are going to cut production. Look, this is super simple, super super super simple. Okay. Price is a h outcome of supply and demand. If I have more supply than

I have demand for, then prices come down. If I have more demand than I have supply for it, prices go up. Super super simple. Look, an elementary kid can understand this. So if the demand for oil stays the same and we cut the supply, what happens, Oh yeah, the price goes up. If we increased supply, what happens? Oh yeah, price would go down? Super super simple. Right.

So Biden and the Biden administration has been manipulating the oil markets by dumping the spr reserves and on top of that, through the futures market, and this, uh, what Putin's deemed the the economy of imaginary wealth. He's talking about the Fiat money system, Wall Street, all these derivatives, finance with the rivers, futures, contracts, and so um OPEC is saying, look, you guys are completely manipulating the market. Um,

the market is completely separated from reality. In by dumping these reserves, by doing all this financial manipulation, you guys are messing with things. And so OPEC said, we're going to cut oil production by two million barrels per day to shore up the prices. What does that mean? To shore up the prices? To keep the prices up, That's what it means, shored up by keeping them up, So OPEC wants to keep the prices of oil up. So, Um, that's the problem. Gas prices go up, that's the problem.

So what would be a better way to counter that? Maybe create more oil that might be a way to counter But no, no, no, no, that would be too simple. As a matter of fact. Um, just this week on October six, by the Biden administration wigs whether to shrink offshore drilling leases again, let's just cut more leases, Let's just cut more production. So at a time when press secretary says, quote OPEX aligning with Russia. Um, the economy is responding to Putin's war. So because OPEC wants to

cut production, then that's an attack there. Now they're aligned with Russia, and instead of US trying to sank to counter that, we're going to cut more production. So are we also agents for Putin? If OPEC is going to drop production and that's aligned with with Russia, then if the US reduces production, does that mean the US is also a line of Russia against the US people. I mean, that's how logic would paint that. I'm certainly not saying that,

but what she's saying makes it sound like that. Now, on top of that, we saw some other big news. The Biden administration issues the fewest oil and gas drilling leases since nineteen forties. Since so we've seen the fewest amount of new drilling leases since the nineteen forties. So again, if if OPEX reducing production and the US is reducing production, what does that mean? Anyway, I'm gonna talk more about this.

I'm gonna talk more about how this is going to break up the world and more specfically, the attack on your retirement account and your wealth your real estate as well. I'll be back with that in moren a minute. You're listening to the markmas Show. Don't go away, I'll be right back. All right, welcome back. You are listening to the Mark Moa Show. We're talking about something that's hitting you in your pocketbook today as prices have broken their all time record set in June. But I'm breaking it

down to what's happening. And of course we're drawing that all the way back to my thesis of the world breaking apart, moving into a decentralized world. So we'll talk about that, and I want to talk about how it affects not just how much you put not not not just how much it costs you to fill up your car to go to get a car to go to work, but what it what the real effect is on your wealth. And I don't just mean how much stake you can buy.

I'm talking about your retirement account. I'm talking about your real estate, your house, I'm talking about all that. So this goes deep, but we have to kind of set it up and we'll build it up to it. So um Per, the White House Press Secretary um OPEC is aligning with Russia because they're cutting production. They're cutting production because they want their price to stay high. Look, if you sell a product, you want to sell it for a certain price, right, and if you overflood the market,

you're gonna bring the price down. So why would you do that? Right? If it costs me, you know, a certain x amount of dollars to create this product, and I want to have a certain amount of profit, Um, and I have to give up. So in in their in their case, Um, they have oil in the ground. Um, there's a cost to get that oil out of the ground. Um. Why and then they want to make a certain amount of profit, so they want to sell it for whatever

hunter bucks of barrel. Okay, why would they give the market more supply than it needs to bring the price down to fifty six bucks or whatever it may be. Why wouldn't they just keep the oil in the ground and just sell it a little slowly and keep that price, Which is exactly what they're doing now For the Press secretary, Um, they're aligning with Russia. That's an attack on Putin's war. That's not making the case. Well, then the US is

also attacking. They're also aligned with Russia. Because the US is doing the same thing, as I made the case. This week, anounce announced I came about the Biden administration ways whether to shrink the offshore drilling leases. So they want to shrink more leases, let's get less oil out of the ground. That's this week, that's what they're talking about. On top of that, Uh, since the Biden administration issued the fewest oil and gas drilling leases since, restricting US

companies from bringing more oil to the market. Sort of like what OPEC is doing the same thing. So you're being gas lit, you're being lied to. It's a form of psychological torture warfare against you. You don't understand the situation. You don't understand how big this really is. So let's keep going, all right. So, as I said, OPEC decided to cut production by two million barrels. That's kind of

what triggered this. UM. And of course why wouldn't they write they want to keep the prices up a little bit. They need to make the money. Um. You know, in the US, it's like it's like it's great for the U. S economy, it's good for jobs, it's good for tax revenues. UM. We love to see American business do great. UM. But in the Middle East, it is their economy, it's everything. They need that money for all their social programs. They

can't just afford to lose that money. In the US, it's like, you know, part of what we do, right, but in in Middle East, it's everything. Um, it's everything there. Now, UM, let's dig into this a little bit more so. Um, the Biden administration has been, you know, going back and forth on what it's going to do, kind of trying to see what was going to be happening with OPEC. So now this is like this tip for tap. This is a war, but the war is really being fought

on a different level. I'm gonna break this down, but this this the surface level war is now. Um. Biden was like, well, maybe we won't keep maybe we won't continue to release the spr um if Opec, if you don't cut your production, we'll buy um from you, and we'll fill up our sprs as I was talking about earlier at eighty bucks a barrel. So don't don't cut, don't don't cut Opec, We'll buy it from you. Remember Trump was horrible because we wanted to prop up the

US energy industry. Um. Now Biden is saying don't cut, and we'll prop up the Middle East countries at eighty bucks instead of twenty bucks. Just think about that. But um so now so now Biden's like, Okay, well, I guess if you're going to cut the oil production by two mills a day, then I guess we're back to releasing the sprs again that are already at their lowest levels since we first started filling them up. How much lower can they go? The answer is not that much lower.

So what's going to happen? Well, most likely, um we have about another month before midterms. Most likely they won't care about gas prices after that, so probably see the or the SPR is going to run out. One or the other is going to happen all right before that. But um, let's dig in a little bit deeper, because there's actually something much deeper at play here. And this is what I want to get into. This is actually something much deeper at place. So what am I talking about?

Let's get into the Federal Reserve. Let's talk about your retirement accounts, talk about your real estates, talk about your bitcoin, let's talk about your wealth. Let's talk about that. So there's something much much deeper going on. Like the real attacks on you, and it's not necessarily from the government, it's actually at this central bank level. So what am I talking about? So? Um, you know, if you tune in regularly, if you don't tune inter regularly, then then

you should. So if you're listening on the radio nowhorries just you know, makes put a put a calendar reminder to join me every week on this channel at this time. Um, if you're listening to the podcast or whatever, fine, you can go back and listen to the old episodes of the podcast to get caught up. But the Federal Reserve is attacking you individually. What do I mean by that? They say that they are a h percent focused. They are committed on bringing down inflation. They say the prices

of things are going too high. The price of gas is going to eye, the price of state, the price all these things are going too high, and they are committed to bring them down. Their goal is to percent inflation, and we're at over eight percent inflation. Their way above their target. So they're committed. They're trying to gain credibility. Look like, we know we've lost control, but we can get things back. Don't worry, don't worry. But remember, prices

are an outcome of supply and demand. So if prices are going up, that means one of two things is happening. One there's too much demand for the products, or there's not enough supply, or gonna be a combination of both. Right, so the Federal Reserve is going to bring prices down. But how how are they going to bring prices down? Well, they could add more supply, or they could reduce demand. And of course the Federal Reserve can't print more oil, or more food or more clothes. They can't print that.

So since they can't add more supply, what can they do. They can crush the demand. And of course they've said, so I've talked about this extensively over the last couple of months. They are going to crush demand. They want to bring your stock, your retirement accounts down, they want your real estate to drop him down, and even worse than that, they want your wages to go down. Your wages going up is a big, big problem for them,

and they've said, so, this is not a conspiracy. They've said, so go back and listen to my old shows, because what happens is when unemployment is very low, employers will have to compete for employees. Right. Hey, I'm an employer. I'm trying to hire. I have these jobs open. Uh, there's not a lot of candidates. The employment markets very low, So I'm gonna have to give more money or more

options or more benefits to entice people to come. But the fact that I have to pay my new employees more money means that I'm gonna have to raise my prices, and that goes exactly against what the Fodder Reserve wants. They need prices to come down. They cannot have your wages going up. Your interests of making more money and having a better quality of life is in direct conflict to what the Federal Reserve wants. Your retirement account going up or even holding its value is in direct conflict

to what the Federal Reserve wants. The Federal Reserve needs to bring down prices. There. They said they're committed to sticking with it with what crushing demand until the job is done, until what job, until inflation is backed down. So the only thing they do is crush demand. But here's the thing, it's not really a demand problem. It's a supply problem that we have. It's not a demand problem, meaning it's not that there's way too many people buying

too many things. I'm not driving any more than I used to. I'm not flying any more than I used to. Probably you aren't either. It's not demand problem, it's a supply problem. We don't have enough supply. Why don't we have enough supply? Well, it goes back to what I said. Biden's released the least amount of leases since the nineteen forties. It's an all out attack on this. So you have a supply problem. But the FED is attacking a demand side problem. They're fighting the wrong war. And now OPEC

has taken the fight back to the FED. All right, Now we're witness in a war between the FED NOPEC. Then this is where it gets so interesting. You don't want to miss this. It has a lot to do with what is going to happen with your future retirement accounts. Um here listening to the markmas Show. I'll be back with all of this and more in a minute. You don't want to miss it, so don't go away. I'll be your back. All right, welcome back. You are listening

to the Mark Maas Show. We talk about the decentralized revolution each and every week, we talk about the way the world is swinging from centralization back to decentralization, do the lens of politics, finance, and technology, technology of course being bitcoin, which is going to revolutionize the world. But today we're talking more specifically about the financial side, and yes,

even kind of the political side. So, um, the Federal Reserve is attacking the supply side, I'm sorry, the demand side. They want to make you pour so you buy less. Right. The Fed has mandates full employment, stable prices, of which we certainly don't have stable prices, right, But the problem is their mandate does not make sure that there's a

global energy production. And remember, I'm making the case that the problem with prices going so high is not that we have too many people buying gas or buying oil. That's part of it, but we have we don't have enough supply because the USS shut down production, because Venezuela fell off, because the rush of the grain war, because opex, all of these factors. It's a supply side thing. Now, look, when it comes to inflation, we're talking about prices going up.

There's maybe bad inflation, maybe there's like some good inflation, but like bad inflation is caused by elevated energy prices. Now you don't maybe don't understand this, but when oil prices go up, everything goes up. Everything. Your shoes, your tires, your clothes, your your cell phone, those cannot be made without oil. Petrochemicals, your detergents, your cleaners, those can't be

made without oil. They can't be the the components, the commanderies can be brought out of the ground without oil. They can't be transported to to to a process in the center without oil. They can't be sailed on a ship across to China without oil. They can't be delivered back to America for assembly without oil. They can't be taken to the store you eventually buy that without oil.

You can't go to the store and buy without oil, or Amazon can't deliver without Like, when oil goes up, everything in the world goes up, period everything, and it goes up exponentially because of how much oil is used just for the one part that you're getting. So when energy prices get elevated, everything goes up, all right, But when energy prices got so high to a hundred dollars, it pushed the price of the things so up the FED had to act. Will shoot, now, we've got to

bring prices back down. But like I said, the problem is the way to reduce the price of oil is to produce more of it or consume less of it. Produce more or consume less. Now you would think the Federal Reserve and the President, the administration, all their buddies, all those other things that are aggressively intervening in the market would try to do You think they'd understand this,

I guess right. But instead of trying to finance production, incentivize production, um, they shut it down and nobody wants to invest more into it when there's constant threats of excessive profits, you know, tax on profits, carbon taxes, um, nationalization, price caps. These are all the things the governments threatening. Hey, we're gonna fix the price. We're gonna tax your excess profits. Right, um, potentially we're gonna take you over. So who's going to

invest in the environment. The answer is nobody, right, So the FED has been forced to um basically try to attack the energy consumption. So here's what we can do. How could we how could we reduce energy consumption? Well, what we could do is we can create a global depression. That's what we could do. So what we'll do is we'll just keep raising rates, which is going to push all of this pressure onto emerging markets. So now we're seeing small nations, the Sri Lanka's, the Lebanons, the Turkeys,

the Perus, the Equadors, they're all going bust. India now we're seeing and move up to higher. Now now Germany, um, we're seeing and move higher higher, the UK, they're all going bust. So if we create this massive global depression, then everyone will be so poor and so broke that they just can't buy oil. That that's to do the trick, right, that will work. What about closing the wealth gap? What about income inequality? What about you know, inclusive economics, what

about that? Forget all those poor people, let's just make them much more portant. Now, the rich are still gonna fly around on their private jets because if if gas goes up a couple of bucks a gollon like, who cares, Right, they're rich, they've got these private jets. What about the poor people around the world. We destroy the finances of the entire world's poor people and they'll just consume less oil.

What a genius plan. Now the FED has been doing this creating a global economic crisis to reduce global energy consumption. And it did a little bit right, we saw the price of oil back down. But the problem is is that most global citizens they don't actually want a lower standard of living. Who would have thought. They still, you know, want their standard of living to be the same as do us consumers. I do. I still want steak, I still want to drive my car, I still want to

buy a plane ticket. I don't want my life, my my quality of living going down. Now. Like I said, the Biding administration has been releasing the spr to improve their polling numbers, but it's the FED that's really trying to attack the standard of living. And basically OPEC says, wait a minute, you're trying to crush the global economy so that no one buys our product. That's what you're doing. So you're basically attacking us by wiping out our clients.

So OPEC's like, okay, well, let's um, we'll counter that. We'll we'll we'll see your war, we'll raise you. So we'll just cut production. How's that? Now? No one knows how far this will go, how deep these cuts will be. They started at a hundred thousand barrels per day. But we don't know how far this will go. Uh, it doesn't. It doesn't really matter how large they are. The message has been clear. Now the shot has been fired across

the bow. The FED can go ahead and crash the global GDP as much as they want in the fight against oil. But OPEC they wield a bigger sword. They have a larger stick. They'll just cut production. So you go ahead, you crush demand to bring prices down, and we'll just cut. We'll just cut supply. So you bring demand down, we'll bring supply down. And guess what, the prices stay the same. Good luck, good luck. So you make everybody poor and you don't to achieve anything. You

wreck your own country. You destroy the lives, the pensions, the retirements of all these people. So what oil is still the same? As a matter of fact, will make oil even more expensive because we're just gonna cut production even more. The FED is completely trapped. Oil is gonna go higher and the FED is powerless to contain it. All right, now, these are the battle lines. That's that's a battle. It's a war now. The FED, unfortunately, the FED,

the Biden administration. Do you think they'd be smarter, but they seem to be the last ones to realize anything when it comes to economics, so they probably haven't really internalized what OPEC just told them. They don't really understand this yet. Obviously the Biden administration doesn't per Jean Pierre's press release. But guess what the stock market understands it. The stock market understands it very well. That's why prices are going up a bitcoin. Gold golden bitcoin are going up.

Why because they know that the FED will have no choice but to pivot. They are not pivoting there. They are continuing to stay on a tightening path because they're trying to bring prices down. But once they realize that, look, we don't have the room. We can't do this. It's not gonna work as a war we can't win, they'll have no choice but to pivot. Which is why again golden price are sniffing this out. Now, if if the Biden administration the FED really wanted to bring prices down,

they can't. They can't fight ope because OPEC can just keep cut in production. What they could do is they could say, well, here's what we're gonna do. We're going to increase our supply. That's what we'll do. So OPEC go ahead, you cut if you want, cut as much as you want. Great, turn it all off. We don't even care because guess what, the US is the largest producer of oil in the world. Shut it off. We'll supply the United States and we'll supply the world. Good luck.

That's how we could win. You want to bring you want? Does the FED? Does the bid administration want to bring um oil back down to fifty bucks of barrel? Turn it back on, man, turn it on. That's the leverage we have. Otherwise, Yeah, we can continue trying to crush the GDP of every nation in the world. We can make you poor. We can still you know, take away your retirement accounts, in your stock acounts. We can crush the value of your home by s, so you you'll

be poor and won't be able to buy anything. But we don't control the supply. Open that now, we could control the supply. We should control the supply. And that's really where it's at now. Uh, that's a big problem and it's going to continue to break apart the world. Why because there's really only three regions in the world where most of the oil comes from Russia, the Middle East, in the United States, and as we continue to fight over energy, the world will continue to break apart more

and more and more. But in my opinion, eventually reality is going to prevail. I hope anyway. I'm hopeful UH, and I think at some point people will realize, shoot, we actually need oil to live. We literally cannot have any quality of life without oil, and so I think they'll figure that out. At some point, the Fed's gonna pivot and UH price is going up. It's gonna be our problem, not going down. Anyway. You're listening to the Markma Show. Thanks so much for listening. Hopefully this makes sense,

Hopefully it helps your direction. Um, and that's what I got for today. Thanks for listening.