The Mark Moss Show Oct 11, 2021

that's what we want, right, the odds stacked in our favor. Now. The only way to get these asymmetric opportunities where we have that odds stacked in our favor, is to have asymmetric information, which means you have information that most people don't have yet, which is exactly what I'm going to bring to you each and every week to make sure that you do not miss out on the biggest opportunity

you'll ever see in your lifetime. Now. I know that seems like a big claim, right, I mean, bitcoin cryptocurrencies, Um, is it a fad? Is it a joke? You know? Is it magic? Internet money? And all these different things. So I understand that you might have of all those questions, but you know the one thing that you have to keep in mind is that we aren't looking at just a new technology. A new technology would be like an iPhone,

it would be like Uber Airbnb. Those are technologies and those are cool and and they change, you know, they change the way that we kind of work and interact in the world. And that's cool. I'm talking about a technological revolution, all right, We're talking about something different here. A technological revolution changes the way humanity works. I'm talking

about the industrial revolution. I'm talking about steam engines, I'm talking about electricity, I'm talking about automobiles, I'm talking about microprocessors. And now we have this one. Now it's important to understand with each one of these is that it's always a different family getting rich. Right. So you you've heard the names obviously forward from the automobiles, and you've you've heard of bezos, um, you know in the or or

jobs in the in the computer age. You hear about you know, the Rockefeller family and the oil and whatnot. So it's always a different family. And when we have a new technological revolution, like right now, it's your opportunity to put your family's name in that place. And that is how big this is. And so we'll talk about

that um this week. The big news, of course, if you're paying attention anyway, is that bitcoin um has hit some highs, some high levels that we have not seen in about five months as a matter of fact at the time, and I'm talking to you right now, we're seeing bitcoin right around the fifty five thousand dollar price range than dollars, and that's for one bitcoin. Now, a couple of things that I want to point out real quickly before we dive into this. First off, one entire

whole bitcoin is fifty five dollars. But a bitcoin is kind of like a dollar in a sense. So a dollar is divisible into one hundred cents, right um, So you could buy a penny's worth of a dollar right up, dollars a hundred cents, and a bitcoin is a hundred million sets, so similar, it's divisible. So what that means is that you don't have to buy you don't have to have fifty five thousand, you as dollars to buy

a bitcoin. You can buy one dollar's worth. As a matter of fact, you could get five cents worth of bitcoin. As a matter of fact, if you joined us last week on the Mark Moss Show, then you might have been hearing about us talking about a new feature that was put into Twitter where now people on Twitter can send bitcoin um instantly and for pretty much free, across

the Lightning network to each other. And so it was just released a week ago at the time when I put the last show out, and over the course of the week, I've been getting tips, and it's amazing to get tips. By the way, if you're on Twitter, follow me one Mark Moss, one Mark Watson. If you can send me a tip, that'd be great. But um, I've been getting tips, you know, a dollar tips, three dollar tips,

some five dollar tips. But I've also been getting some five cent tips in bitcoin, and so that illustrates my point that I want to just tell you right now. A lot of people think that bitcoin is too expensive. I don't have fifty, so I'm gonna go find a cryptocurrency that's cheaper that I can buy. But that's not how it works, all right, Don't don't get caught up in the price of a whole bitcoin um and try

to go find a cheaper coin instead. Um. You can buy five cents or one dollar or a hundred dollars or whatever amount that you want. So now that's cleared up. UM. So Bitcoin has gotten back up to dollars. It hasn't been at that level since May about May twelve, so about five months ago. Now, Bitcoin is the largest cryptocurrency and so it kind of drags the whole market with it. So while Bitcoin is up big time, we also see the other major cryptocurrencies ethereum, et cetera. They're all pumping

and doing well as well. Now why that's the one question that everybody wants to ask, And I would just typically say, we don't always have to have a reason why prices go up and prices go down. UM. In my opinion, I think that UM price is a distraction.

And what do I mean by that, Well, when you're invested into a brand new technology, especially a technological revolution like bitcoin or like cryptocurrencies, are the price, especially on a daily basis or on a short term basis, are just a distraction, all right, When you're investing, when you're buying into a brand new technology, you're trying to buying cheap for where the price will be eventually. So we call the stock market typically would be called like a

discounting mechanism. And so what that means is that I'm trying to buy something cheaper today, then it will be in the future. Now. Sometimes if I was going to short it, I'm hoping to buy more expensive without another subject.

And so if I'm trying to buy something cheaper and have to be worth more in the future, then typically I'm going to want to hold that for a long period of time until it's worth that all right now, when you're in when you're buying, if you're investing into a new technology, um, it has massive potential like bitcoin, but it also takes a while to get there, and so that short term price is a distraction. Let me

give you a good example. By the way, you're listening to the Markmash Show, we're talking about bitcoin, cryptocurrencies and the decentralized revolution. And then to give you an example of how this works, I'm gonna use something that you might be more familiar with. Let's talk about real estate.

So let's say that, UM, I was at the city council meeting last night at my uh in my town and they told me that, you know, thirty miles out of town, in the middle of nowhere, UM, they're going to build a stadium and there's gonna be the stadium. They're gonna build condos and there's gonna be shopping and there's gonna be this whole megaplex and it's gonna be there, and I don't know five years from now. So I rush out the next morning and I go find land

around where they want to build that stadium. And it's dirt cheap because there's nothing there. So I pie up some land and I'm all excited. Oh, in five years, when that stadium is built, that land is gonna be worth a lot of money. And so I buy that. Now, what happens if in a year from now the price of the land is cheaper than it was when I bought it? Should I panic? Should I sell the land? Should I freak out out? Or a better example would probably be, well, let me ask myself, is the project

still on plan right? Is it still happening? Are they still working on the plans? Are they still getting the permits? Um? Have they got the loans? Have they started construction? And as long as the project is still on track, then what would I do? Well, I'd probably buy more land because it's cheaper. Now. Let me let me get more of that. I want more of that good investment um,

and then I would just continue to hold. And so every time if the price were going up and down, I'd just say, hey, is the project still on track? If the answer is yes, then I would maybe buy more or I would just hold and continue. Now if I did find out like oh, no, they found whatever nuclear waste on the site and now we can't build on that site anymore, well, then then it's obviously a different story. Then the project is off. Let's say the

financing fell through, whatever maybe happened. If the projects off, then I need to take my losses. I need to cut I need to sell my land as quick as I can. And so that's how we have to look at this. When we're buying something that's so early on like bitcoin, like cryptocurrencies, and what I would say is um, oh.

With the price of bitcoin went from so it was at the last high that had this year, The latest high of this year was almost sixty five dollars and that was in April, and then it went from sixty all the way down into like the thirty thousand dollar range, and so a lot of people panic should I sell? I'm like, oh, should I sell? Well, I would ask the same question like the like the real estate right, Well, is the project still on track? Are they still developing it?

Is there still development? And is it still growing now? Typically when you're looking at something like this, there's a new technology. There's two things you're looking for, all right. If these two things stay intact, then you want to stay in the project. All right, Only two things. I'm gonna make it really simple for you so that you can take advantage of these. And these are easy for anyone to understand. The first one is the network effects.

Is the network still growing now? Network effects are very very powerful. Um. And actually there's a law, it's called Metcalf's Law that explains what network effects are. Now, I want to tell you exactly what that law states, and more importantly, tell you how to watch it. And as soon as we come back, i'm gonna explain that, and I'm gonna give you the other key. You're listening to the Mark Moss Show and I'll be right back. All right,

Welcome back. You are listening to the Mark mo Show, where each and every week I come and I bring you the latest information on bitcoin, cryptocurrencies and the decentralized revolution. Literally the biggest opportunity we've ever seen in our lifetime. Make sure to put a mark on your calendar right now for this day, this time, and this radio station, so you can join me each and every week. It

will be the biggest thing that you can do. Now, before the break, I was talking about two indicators that you should be watching when you're buying or you're invest steen into a brand new technology like this. I was explaining how the price, the short term price signal is a distraction, all right, and so um I started to tell you the first the one of two. The first

one is something called network effects. Right now, there's something known as Metcalf's law, and the way Metcalf's law works is that the bigger the network gets, the more valuable it becomes. All Right, So, if I was the only one in the world with the phone, it wouldn't be worth anything because what am I gonna do with it? I can't call anybody. But if two people have a phone, well, all of a sudden, the phone becomes more valuable, If ten people have it more viable. When the whole world

has a phone, they're very, very valuable. So that the faster the network grows, the more valuable it becomes. The other thing is that once network effects are established, they're very, very difficult to overcome. So, for example, let's look at Facebook. So Facebook has network effects, right, Billions of people all around the world have Facebook, and so Facebook has become

very powerful because of the network effects. Now, anybody could go start a competitor to Facebook, right, I mean, new social network pop up all the time, but the problem is they can't overcome the network effects that that are on Facebook. Right now, anybody could just go jump and just go use using new social media platform, but they don't. That's the That's the thing with network effects. They're very powerful. So when you're getting into a new technology like bitcoin

or cryptocurrencies, you want to watch the network effects. Is it continue to grow? So when the price went from about like I said, about sixty dollars in April and it dropped all the way down to thirty dollars um using the real estate analogy that I was using before the break um, I would ask myself, well, are two things happening? One are the network effects still growing? And the answer is yes they were. So people maybe you were selling it was affecting the short term price, but

the amount of users was still growing. Now it's interesting about bitcoin versus any other asset in the world, and this is a big, big deal, is that bitcoin is an open network, and so what that means is that everybody can see all the activity on the network itself, so we can see all the data. So bitcoin is what's known as anonymous, but it's not private. It's not

private because everyone can see it. But it's anonymous. We don't know who belongs to those wallets, to those addresses, okay, and so because of that on chain data that's not evident in any other market, So we can't see that with stocks or oil or gold or natural gas or any of that. UM, we can get a better idea of these network effects. So what we could see is when the price dropped, the network effects were still growing. We were still seeing more and more wallets being created.

We're seeing more users come on. So that box, I'll go, well, shoot, the network effects are still there, so I'm staying in the project. The second thing that we want to pay attention to when we're looking at new technology, UM like bitcoin or cryptocurrencies, would be what's the development Like remember back to my real estate example. UM, if the price of the land went down, I would go look and see is the project still on track? Are the plans

being developed? Um? You know, is the financing coming through et cetera? And if it was, I'd stay in the real estate deal. Well back to bitcoin, I'd asked the same thing. So when the price dropped from sixty and thirty thousand, um, the network effects are good? Check what about the development? Well, there's still tons of development happening. As a matter of fact. Um. In July, I was in Dallas, Texas for bit block Boom. Shout out to Gary Leland and a bit block Boom. Put it on

your calendar for next year. If you're into this, then you should definitely attend that event. Um. And I was there in July and the price was hovering around thirty four thirty five dollars. Well, um, they how did a hackathon going on and at the hackathon they had developers air um to come up with new development of new projects that could be built on the bitcoin blockchain. And it was amazing to see what was going on. The winner of the hackathon designed a phone that could literally

make a call over the bitcoin network. Right, so there's massive developments still going on. In addition, we also see the brightest minds in the world. I mean, we're all smart and different ways, but some of the brightest minds in the technology and the financial world are literally leading the biggest jobs in the world to come over to the bitcoin network. So, for example, we saw the CFO

of Bridgewater Capital. Now that means that name may not mean anything to you, but maybe you've heard of Ray Dalio, probably one of the most successful investors in the world today. Uh he runs the largest hedge fund in the world, Bridgewater Capital. So you're talking about the biggest head fund in the world, Bridgewater Capital, and the CFO, like one of the top three chiefs in the company left to

go work for a bitcoin company. So we're seeing it sucking the biggest, the brightest minds um and we're seeing so we're seeing the development continue, new applications being built. We're also seeing the development in sense of the mind share that's coming to it is continuing, and the network

effects are growing at the same time. So then using this real estate analogy as our guide, then we would ask ourselves, well, the price went from from sixty to thirty thousand, but are those two factors still in play as the network effects growing yes, check, is the development still growing yes? Check? Okay. Well, then knowing that, what do we do remember in the real estate example, we if the project was still on track and land got cheaper,

I would probably buy more land. And so the same could be true with with a bitcoin and crypto project. Is if the project is still on track, if those two things are checked off, then at thirty thod it was probably only a pretty good idea to add more

bitcoin to your portfolio. And of course if you would have done that, you would have been handsomely rewarded because it stayed in that thirty thirty five thousand dollar range from about you know, May until July to the end of July almost July, so you had a couple of months to buy in that thirty thousand dollar range. And today it's so you would have almost doubled your money if you would have done that. So, um, that's how

I look at this. I'm looking at it in the long term and I'm not letting the short term price distract me because I understand where it's going down the long way because I watched those two factors. Now, some people would ask, well, Mark, wouldn't it have been better if I could have sold at sixty five thousand and bought back in at thirty That's what I'm gonna do. Mark. By the way, you're listening to the Mark mo Show, and I'm bringing to you the latest information on bitcoin,

cryptocurrencies and the decentralized revolution each and every week. And so many people would say, well, Mark, why don't I just sell it sixty thousand and buy back in at thirty thousand. I mean, wouldn't that be better than I could write it back up the sixty again and sell it. And of course when you look at a chart, it's volatile, which means it goes up and down a lot, and it looks like, of course, why wouldn't I do that,

that's the easiest thing in the world. Well, the problem with that that we don't have a crystal ball, and there's no way to know what the top or the bottom is until we're looking backwards at it. Now, there is something that's known as technical analysis. And as a matter of fact, if you stick with me, I have a guest coming on the show here in a little while, and we are going to talk about some of that

price action in the technical analysis. Um. She is an expert in that and she can kind of give us a little bit of guidance. But for now, we're going to just focus on the long term play and really the news that's driving the source. And I'm gonna bring you some of the biggest news in just a minute. Listening to the Mark Moss Show and I'll be right back. All right, you are back with the markma Show where I talk about bitcoin. I talked about cryptocurrencies and the

decentralized revolution each and every week. You're joining us right as we're talking about where a bitcoin price could go in the long run, and more importantly, how we stay in it so we can realize those big life changing games. All right now, we were talking about how the price is a distraction. In my opinion, the short term price is a distraction. Um. Right before the break, I gave you two indicators that you should watch on a regular basis to know if the project is staying on track

or if it's time to get out while you still can. Um. Those were the network effects and the development. Those are the two ones. Now. I was talking also about how the price was about sixty five thousand about five months ago and dropped all the way down to about thirty thousand, and you had a couple of months to get it in that thirty five thousand range before pop back up. And as I was saying, most people would say, we'll shoot, um, why don't I just sell at the top and buy

back at the bottom. And uh, as I said, you don't know that until you're looking backwards on it. But I am going to have someone on the channel a little bit later. We'll talk about some ways that you could try to play that a little bit if you want. But for now, let's look at some of the bigger things. Remember, um, is the development still going on. And that's what I want to look at for me personally, because I work, and I run a business and I have a family.

I can't spend all my time looking at charts on a daily basis trading, and so I look at these big things, remember watching the development, And so let's talk about some of these really big things that happened this week, um, that are really going to drive the price on a long term basis. Now, the first thing is, like I said, I mean, you know, we back up the new highs. You know, dollars we got to, which is the highest

it's been in about five months, which is good. We've also seen the entire market cap for bitcoin get back up to about a trillion dollars and the big number a trillion dollars UM. And there's something in the markets about these round numbers, right, So there's psychological levels when you get to ten thousand or fifty UM, and the same is kind of true with that trillion dollar market cap.

So so we're up there, But um, what is going on that's causing this, right, we're looking for the fundamental drivers. We want to understand what's going on in the world that's causing the price to go up. I talked about obviously, um, the development and bringing on mind share, but what is driving people to buy it? Like why? That's why now many people are probably well, I'm buying it because I think it's gonna go up in dollar value, But but really what's behind that? Why would it go up in

dollar value? And if you can understand that piece the why, you're gonna have a massive edge what I call the asymmetric edge over the rest of the market. Now, by the way, you're listening to the markma Show where I'm talking about bitcoin, cryptocurrencies and the decentralized revolution. You should. Uh, if you're on Twitter, give me a follow one Mark Moss on Twitter one Mark Moss on Twitter. Um, and I want to just tell you why why bitcoin goes up.

So there's several big factors going on this week that I think are the reason why we're seeing bitcoin shoot back up right now. One of the biggest things and this is, uh, this is bigger than bitcoin, bigger than cryptocurrencies. I mean, this is this is bigger than the United States. This is the whole world right now, and it's the central banks. You know, the central banks. I like to call them the banksters, the banksters kind of like gangsters.

They are literally controlling the world like a monopoly um with the money supply. And really they have two tools, the central banks. One they can control interest rates, and two they can control the monetary supply. And the way that they use that money is what's basically been driving all of the markets. And then the other big thing, especially in the in the world, but especially in the United States right now, is the United States government and

the amount of debt that they have. And so it's probably not anybody's surprised at this point that the United States federal government has more debt than they have ever had any period of time. The national debt is about twenty eight trillion dollars at this point. I am. What happens every other year about right on, right on schedule is talks about a debt ceiling. A debt ceiling. Now, what does that mean? What the heck is a debt ceiling? Well,

it's kind of like a cap. Like if you have a credit card, which I'm sure you probably do, you probably have a limit on how much credit you can pull off your credit card. Right now, if you've ever maxed out your credit card, then you probably know that it can actually be negative on your credit score. Um, if all your credit cards are maxed out, that's actually a bad thing. What you typically want to do is kind of charge it up and pay it down, and you want to keep balances on those cards, but you

don't want to maxim out. UM. I know, I have an a MAX card that I use for my business, and I put a lot of money on that card on a monthly basis, and you know, trying to rack up points and stuff like that, and so it gets you know, it gets a huge balance every month and then I pay it down. Um, and I can see literally my credit score can move in double digits just from the time that that that amount goes up and until the time I pay it back off. I mean

it literally swings that much. Well, the United States government is sort of similar. They also have a debt limit a credit limit as well. And so what's interesting is that, like I said, about every other year, you know, the United States government gets together and they do this kind of song and dance and they talk about up, well, our credit limits up. There's a debt ceiling, there's a

cap on how much money we can borrow. And then they start to say, you know, the fearmongering comes in and they say, well, if we don't raise it, then the government could default on the debt, and if we default on the debt, it could be the most catastrophic event for the United States economy. But the thing is that the United Days economy is the driver of the world economy, so that the US dollar is the reserve currency of the entire world, and so whatever happens with

the US so goes the rest of the world. And so they start this fearmongering and they say, you know, shoot, if we don't raise the debt, ceiling. Then we won't be able to pay um for all these very very necessary things. Now, uh, they'll of course come out and tell you they can't afford to pay the most important thing. So we won't be able to pay social security. It's gonna be horrible. We won't be able to pay medical

bills for our veterans. Oh my gosh, that's horrible. And so they start with those things which are going to pull on the heartstrings the most. Now, what about the you know, hundreds of millions of dollars that we send to countries in the Middle East so they can do gender studies, Like, shouldn't we start cutting those first? Like, uh, there's plenty of waste, plenty of money that we send to other countries. Like, let's start cutting those things before

we start cutting the veterans pay. But anyway, U this song and dance and and every year it's the same thing. The government's gonna shut down. Sometimes they do temporarily shut down for a couple of days or a week, but of course they're always going to vote to raise that debt ceiling because they want their salaries paid, right, and so um, here we are having talks of the debt ceiling not getting paid again, but this time you know, I mean the debt keeps getting higher and higher and higher.

And just like any credit line you may get on your credit cards. Um, you know, the higher debt gets, the harder it is to get more debt. And so, um, you know, we're in this dangerous time. The economy is on shaky ground and and many people think that there's this possibility that the debt ceiling doesn't get raised. And so if that were to happen, it, like I said, to be catastrophic for the US, to be catastrophic for the US dollar. And bitcoin is the alternative to the dollar, right.

Bitcoin is a way that we can get our money out of the banking system, out of the US dollar. It's like a it's like a lifeboat. Right. If the US dollar was like the Titanic, Bitcoin to like the life raft that we can jump into and we can sail off the safety. And so I think that is a massive driver, um this week of what is going to happen. Now. In addition to that, we see them talking about raising the dead ceiling limit. We talk about they're talking about ways that the government can just print

a trillion dollar coin. Maybe you guys have been hearing about that this trillion dollar coin, it's the way that they could get around the limitations of of the of the dead ceiling limit um. And I think I think, like I said, it's all a bunch of hoop law. I think at the end of the day, they're going to go ahead and raise it. They do every single time.

I'd like to see if what happened if they didn't, though, I mean sometimes I think, uh, maybe it wouldn't be such a bad idea to see the government shut down for a couple of days. Now. I know if you're a government employee, that may not be so good. But like for the average person that's listening to this right now, like I just look at the government as making laws, Like every day they're passing new laws that restrict things that I want to do. Like what else are they doing? Yeah, right,

you think about it like that. So anyway, but it's never gonna happen. They're gonna continue to print money. But that's a big driver of what's happening with bitcoin. I want to talk more about that. But there's also some way bigger catalysts that happened this week that I want to talk about some big, big changes in the banking system that most people haven't been aware of. UM. And also massive catalysts happening on Wall Street that's actually pushing huge,

huge amounts of money to bitcoins. We're gonna talk about that. You are listening to the Mark mass Show where I talk about bitcoin, cryptocurrencies, the decentralized Revolution, and I will be right back. All right, welcome back. You are listening to the Mark ma Show where I talk about bitcoin, cryptocurrencies, the decentralized revolution, and I am bringing you each and every week the asymmetric information that you need for the

asymmetric opportunity. So that means I'm bringing you information that most people don't have so you can have an edge. Um. You know, if you're playing poker, uh, a poker game you're in by guess whatever, like you're always you always need to have an edge. If you're investing in the markets, you need to have an edge. Without an edge, you're not gonna be very effective. And this information is the edge,

the asymmetric edge for the asymmetric upside. So we're talking about Before the break, I was talking about the debt ceiling UM and how there's a song and dance that happens every couple of years. Um. And this disruption in the market, the potential of the government's defaulting has I believe, had a big effect on bitcoin because, like I said, bitcoin is that life raft. So um, when the dollar is starting to lose its value, um, people want to

go into something else and so um. The way that works is that for every new dollar that's created, each existing dollar is worth less, like worthless, but worth less. And so what what happens is the more money the federals are the central banks the federal government comes up with prints creates, the more money they create, the less each existing dollar is worth less and less. And so most people think like, oh my gosh, like my house

has been such a good investment. My house used to be two dred thousand and now it's three hundred thousand dollars. It went up in value. Unfortunately, I hate to break it to you, but that's not the case. Your house didn't go up in value. Your house is still worth the same house. What happened is the dollars became worth less. So now it just takes more dollars to buy that house. That's the way it works, and so we're all most people are looking at this the wrong way. Your stocks

aren't worth more. They didn't go up in value. The house didn't go up more in value. Is that the dollars have been worth are becoming worth less and less and less. So, for example, over the last about eighteen months, we've seen the Central Bank, the federal governments, etcetera. Uh create about eight trillion dollars. About thirty five per cent of all dollars in existence today were created in just

the last year and a half. So when we increase the money supply, what happens while we have more money chasing the same amount of goods and services. So what people think is that if I just print money and send it out there, everybody, they're gonna be rich. Right Like, let's just print a bunch of stemmy, send everybody a twelve bucks, and everyone's gonna be rich. The problem is that money is not wealth. Money measures wealth. Money helps me acquire wealth. So what's wealth? Then? Well, wealth is

goods and services. Right. Let me give you an example. So if I, you, and I were on a deserted island. We got stranded on a deserted island, and I had had a briefcase with a billion dollars in it. A billion dollars in that briefcase, I'm rich, right, Well, not really, because on that island, I don't have a phone to call for help. I don't have a boat to get off the island, and I don't even have any food or water. So I'm on an island with no resources. But I have a billion dollars. Am I rich? The

answer is no, right. Imagine if there was a guy on the island who had like a little hut, a little grass hut, and he has stockpile of like coconut and bananas or something in some fish. Well, um, he would be rich because he had food and water, he had resources. All I had was a billion dollars, and he probably wouldn't take my billion dollars because what good would they do him, right, They wouldn't do him any good.

And so wealth is goods and services. And so what happens is when they created thirty of the money supying the last year, we have more money chasing the same amount of goods and services. And in this case, because the supply chain constraints that we have, we actually have less goods and services. Right, there's less goods and services today. Um, you know, people aren't working, they're getting their stimmy, they're

staying home. So you know, I've been traveling all year and I've seen most of the hotels have been at. They don't have room service, they can't do housekeeping daily. Um. One hotel I was at they couldn't even open up their restaurant the whole time I was there. So there's actually less goods and services available. So there's more money chasing less goods and services. So what's going to happen?

The price goes up? Right, the price goes up. By the way you're listening to the Markmas show, I talked about bitcoin, cryptocurrencies and the decentralized revolution, bringing you the asymmetric information you need to participate in this boom. So Um, when you have more money chasing the same amount of goods services, the price to go up. Which is why if the dollars in existence were created in the last year and a half, why do you think the median home price in the United States went up by Why

do you think use cars went up by? Why do you think gasoline went up by about You're starting to see the pattern here. So your home, your stocks. Uh, your used car didn't go up in value. The dollars went down, and it takes more. So back to the debt ceiling. If we pull this back together, they want to increase the debt ceiling. They want to take on more debt, They want to put more dollars into existence.

And again what happens, Well, we have more dollars again chasing a limited amount of goods services, which sends the prices of those goods and services up because the dollar of those value, the value of those dollars is going down. Now, this is exactly why the rich get richer and the poor get poor. This is the reason are you catching on? Because the rich own assets. I own real estate, I own stocks, I own a business, et cetera. So every time the Fed pumps out another trily, the value of

all my assets goes up. But the poor, they don't own any assets. They work for wages, but the value of those wages keeps going down, and they don't own the assets that are going up. That is what's driving the divide of the rich and poor. Now the Federal Reserve doesn't understand that, or they're lying and saying they don't understand it. I can't understand. I mean, they've gotta be smarter than me. But now their goal is to tack it, tackle income in equality as a matter of factor.

It looks like FED chair Jerome Powell is probably on his way out. There's a lot of scandal going on at the Federal Reserve right now where they've been doing insider trading. We've seen a number of Federal Reserve insiders get charged with this, and they're really bringing an attack against Jerome Pale, who's the head of the Photo Reserve. And it looks like they probably want to bring in a replacement brainerd Um. Looks like they may be coming in.

And one of the reasons why I think they want Brainer to come in is because they want someone that can do They can use more regulations to try to control things. And the goal is to try to tackle this income in equality. That's their goal. But how can they tackle income inequality when it's their policies that are literally causing this. Now, to give you an example of this, let's let let's go back to bitcoin, and let's give

you a couple of examples. So they've created, of course, trillions of dollars, tens of tillions of dollars in the last thirty years in one uh so uh. If you don't know, go back a little bit further in history. In nineteen forty four was something called the Breton Woods Agreement. Under the Breton Woods Agreement, the dollar would be back to gold, so thirty five dollars would equal one ounce of gold, and then all the currencies of the world

would be pegged one to one to the dollar. So that means that the entire world was on a gold system, and that means they couldn't just print more dollars because they can't just print more gold. So everybody was forced to live on a budget. Well, if you know anything about the government, they don't want to live on a budget, right. They can't even stand at the dead ceiling. They want to raise the dead ceiling. And so they started printing

more and more dollars. Seventy one, President Richard Nixon took the took the US off the dollar standard, which then took the whole world off the dollar standard. And since then we've created trillions and trillions, actually over three hundred trillion dollars since that time. So let me give you an example of this that you can actually put into

some concrete numbers. So if we go back to nineteen seventy, which was the year before we started creating all these these dollars, um, if we look at the median home price in the United States, um before and actually I have these numbers here, so rather than try to pull them off the top of my head, and let me give them to you in a concrete way here, all right, So I have these numbers in a concrete way I want to give you so I want to show you what I want to I want to answer the question

our home prices right now? Are they cheap or are they expensive? Because I know a lot of people want to know the answer that question. Of course, we're talking about bitcoin, and we're gonna talk I'm gonna tell you how this ties back into bitcoin. But I want to answer the question, our u s home prices cheap right now? Or are they expensive? Of course, the answer is compared to what All right now, you're listening to the Mark Mos Show where I talk about bitcoin. I talked about cryptocurrencies.

I talked about the decentralized revolution. But why am I talking about the dead ceiling and the dollar and gold and real estate? Because you have to understand what's driving the need to go into bitcoin and why the price will go back up. So when we come back, I'm gonna tell you whether home prices are cheaper expensive. I'll be right back