The Mark Moss Show Oct 17, 2022

eats and every week. So it makes my job pretty easy. Actually, my top is pretty hard because there's so much news. I have to figure out what to get rid of and what what's important. You know, there's so much noise, as we say, and so I was trying to find the signal in the noise, trying to find the signal to bring to you so I can just cut down the amount of time that's required for you to stay on top of these things and see what's going on. And I got a lot to cover this show. Hopefully

we'll stick with me through the whole time. We've got a lot to cover. I know it's a long show. We'll break it into segments if you don't. If you if you can't stick around to watch the whole thing or listen to the whole thing. Don't worry, I got your back. You can check out the recorded versions later on the podcast. Just search Mark Moss Show on your favorite podcast player, I hard player, iTunes player, etcetera. And

you can also find it on YouTube. Just search Market Disruptors on YouTube and you'll find them where you can actually watch me and listen to me at the same time. But we got a lot to cover. I want to carry on from actually some of the topics we talked about last week, which is some of the topics we've

been talking about for like over a year. And these are topics that don't go away because it's literally, no, I don't want to say it's the thing that's driving the direction of the world right now, but it kind of is. UM. It's also what really changes UM, really change the dynamic of what's driving the world. More importantly, it changes UM the ability to affect some of these changes, some of the tools that are taking on too place. It's it's literally the biggest thing that there is to

talk about. So we talked about it a lot, but it's signals that the end is near. When I say the end out, I mean world gonna die in some apocalyptic vision of the future. But the world as we know it is changing, is changing rapidly, and so we

look at those sign posts. Anyway, we're gonna talk about that kind of carrying on from where we talked about last week UM, which the big, big, big, big data this week was the new cp I print, the Consumer Price Inflation Index that got released and it tells us, UM, what's happening with the battle that the Fed and the government is dealing with a lot of things that goes

into that. We'll talk about that. We're gonna talk about, yes, of course, the technology piece, which is bitcoin, the decentralized revolution technology, We're gonna talk about that. What's going on with that space. We're gonna talk about this the overall economy. UM. Some big things happened this week, specifically that was keyed off of this UM cp I print and with what the I m F has coming out and saying, UM, we're going to continue to look at the breakdown or

actually say the pendulum swinging from centralization centralization to decentralization. UM. Looking at some things that are happening all throughout society that kind of show us the signpost that we can see how it's changing. We're gonna get into some energy talk. Of course, we talk about the energy thing a lot um and then we're gonna talk about the search for truth. This is one of the biggest catalysts that is changing the world right now. We're gonna talk about that as well.

So anyway, lots of cover. Hopefully stick with me to the whole time. But don't worry if if you don't, if you can't, no worries. I got your back. Like I said, go check me out on the podcast Mark Mos Show on the podcast player or on YouTube under Market Disruptors. By the way, if you're not following me on social media, you should, um just check me out at one Mark Moss. I'll put a lot of stuff out, you know, multiple times a day off of what I'm seeing, so you don't have to wait one time a week

to see me or catch me here. You can stay in touch with me on on a regular basis on social media at one Mark Moss. But let's go ahead, just jump right into this, um. So, as I already kind of said, it kind of carries on from last week. Last week I said that the Central Banks, the Federal Reserve is fighting the wrong war and that was kind of the topic of last week. It's pretty important if you if you missed it, like I said, go back and check it out on the podcast player or on YouTube.

But the central banks, I said, we're fighting the wrong war. And what I meant by that is that they're fighting inflation. Right. But there's two ways to tackle inflation. So inflation in the terms that we're talking about is the rise the increase in prices. Uh, the reason why you can barely afford to fill up your grocery shart grocery cart with groceries, while you can barely afford to fill up your car with gas. And that's because the prices of everything is

going up so fast. And there's two ways to affect high prices. Just to two levers, supply and demand. So I can bring more supply to the market. If there's more supply, if there's more goods than there are people to buy them, then the price comes down. If there's more people wanting to buy the goods and not enough goods to go around, the prices go up. So they can just bring more supply to the market, which sounds

like a great idea. More abundance for everybody, or the much worse option is they could they could destroy demand. So you're just so poor, you're just so broke, you can't afford to buy anything. And if you can't afford to buy anything, then I guess there's less demand than their supply. Uh. And so as I said, they're fighting the central banks, the Federal Reserve is fighting the demand side of that. Meaning their goal, their stated goal stated meaning all over the news, they said it in all

their meetings. Their goal is to crush the demand, not at to supply. Crush the demand. Of course, the Fed, the central banks can't print food, they can't print energy, um, they can't print any of those things. Now they could, potentially, you know, use some money. They could pressure the government to relax regulations to allow people to bring more um goods to market. That would be great. Then everybody gets more more wealthy because now people are have more jobs

and there's more manufacturing, there's more production. We all have more goods to buy, a cheaper prices or quality of life goes up because our money that we have saved or money that we're earning buys us more goods and services. That sounds great, sounds like a great world, But that's not what they want. They want to crush the demand. They want for you to be poor. They want for your retirement account to be cut in half, your house to be cut in half. They want your job to

pay you less money. The fact that the employment market is tight, meaning there's not a lot of jobs open, which that's a complete manipulated number. We can talk about that more later, but the fact that your job is offering to pay you more money is in direct conflict to what they want. They need. They said they're committed to it, committed to bring in prices down. They're committed to it. They need that they need for prices to come down. In order for prices to come down, the

amount of money you make has to come down. Because if an employer has to pay you more money to recruit you to their business, then that employer now has to raise their prices to pay for you. So if McDonald's workers get paid more money, as in California, Governor Newsom wants to pass a bill that all fast food restaurants have to pay people like twenty dollars minimum. Well, okay, so let's pay everyone twenty minimum. But now those fast food restaurants still needing to make a profit, we'll have

to increase their prices. So now the burgers cost more money. That means then food prices go up. That's inflation. The FED is trying to get prices to come down. So if you make more money and the prices go up, that is a problem. Do you understand what's going on? The Fed needs you to be poor in order for them to achieve their goals. Now, again, the other way to achieve the goals just let's just bring more supply to the market. Let's just bring more steak, more food,

more energy. Let's just bring more to the market. Then we're all abundant. Now we can buy all that we want. Our money goes further. We all have jobs, we're producing goods and service in the ony. Sounds great, but again they're fighting the wrong war. And the reason why I say they're fighting the wrong war is because the reason the prices are going so high is not because of too much demand. They think that there's too much demand, too many people buying things. That's not the case. The

problem isn't that we have too much demand. The problem is that we don't have enough supply. So they're trying to bring the demand down to match supply. But that's a war they can't win. We talked about it last week again, go back and listen to that, but back to the news at hand. This week, US core CPI surges to a forty year high, forty year high. We keep talking about forty year high, forty year h forty

year high. Well, it's because we keep setting records and we go back to forty years when they're famous Reagan era, when inflation was double digits and the vultar Paul Volker, who was then head of the Pollow Reserve, had to raise rates to twenty percent. Interest rates, mortgage rates are at all time highs, and not all time highs, recent all time highs. They're back all the way up to seven percent imagine them at And that's where we were forty years ago. So that is what they're comparing us to.

If you're just tuning in, you're listening to the Markma Show, we're talking about the decentralized revolution, the way the world is changing right now before our very eyes. What we know, this era is coming to an end and the new world that we're going into is a decentralized world. We're talking about that you don't want to miss I got a big, big, big show planned UM. Talking about the way this world is changing. We're looking at the signpost of it, so we know how to position ourselves to

take advantage. I got a whole lot of coming up. Don't go away, I'll be right back. All right, Welcome back. You are listening to the Mark Ma Show. We talk about the decentralized revolution, the way the world is changing right before our very eyes, from a world of centralization, centrally planned, centrally planned economies, to a world of decentralization. And these are the sign posts we're looking at it. The financial system is breaking apart right before our very eyes.

As the financial system breaks apart, it breaks apart the political system. And as that breaks apart, we have new technologies that come and help us rebuild and get things back on track again. So we look at the convergence of those three things. Today we're talking specifically about the financial system coming to an end as we know it, UM, which of course will change the political system as we

know it as well. But again this week we announced or it was announced by the BLS, the Bureau of Labor Statistics, they announced that again CPI consumer price index or the inflation prices that you pay going up to a new forty year high. And it says that or what what we need to understand is that this data

tells us what comes next? Okay, because the Federal Reserve, the Central Bank, while um they have been reducing the money supply, they do that by increasing rates, and they said they're going to stick with it bringing prices down until the job is done. We'll stick with it. Is crushing demand until the job is done. What's the job bringing prices down? So because prices have gone back up again, it tells us what comes next? And what is that? Well, that means they have to stick with it. What's it?

Raising rates? More rate increases, more restrictive monetary supply, more wealth destruction for you. That's what that means. So probably the next at least one, if not two meetings, we can expect a very aggressive FED, what we call a hawk ish FED. That happened. We see that as as headline and core CPI, So those are different numbers. Headline

and corese CPI printed hotter than expected. Now, when you're putting out, when you when you have a goal you're hoping to bring inflation down, and then you set expectations or your your hope your business, you're hoping to make money, you set projections of how much money you can make. Um. When you don't meet those goals, that's bad. And they came in horder than expected, so the goal is to bring it down. Many analysts and the Federal Reserve had expected to be lower than it was, but it came

in higher. So headline CPI, which is their average basket of prices rose four or zero point four per month over month, which was double their expectation. So it came in a hundred percent worse than what they expected, a hundred percent worse, not a little bit worse, double what they expected. And it's up eight point two percent year over year, which is hotter than it was last month.

Now that's headline. Now they have course cp I, and this is what's a little bit interesting is core CPI is when you take out food and energy, which is a funny way to calculate it, because the two most important things that we need to stay alive as human beings is food and energy. I mean we can say the food is energy. Um, it's food is energy for our bodies, right, it's calories for our body, so food and energy. If we remove those, then we get core.

So who cares about everything else? All we should care about is food and energy. But anyway, of course, CPI is up twenty eight straight months, swaring to a high of six point six percent increase year over year. It's the highest since August of two. Now, one thing to keep in mind about these inflation numbers going and up. The six point six percent over your six point six doesn't sound very bad, right, But this is a cumulative all right, So it was up. I don't have the

data in front of me. It was up whatever called five percent last year, so it was a hundred dollars w U five hundred and five and goes up six six percent on the hundred and five. So this is the high inflation increase on top of an already high inflation increase. So they the numbers just keep getting bigger and bigger and bigger, which is why it keeps getting harder and harder and harder for you to live. Now, we see that services inflation continues to rise as good

goods inflation slow. So what does that mean? So goods so like products, the goods inflation is slowing down a little bit, but the services inflation continues to rise. The services is because of your labor. Again, as I said, the fact that you make more money is a problem for the Federal Reserve, for the central banks. So we're seeing services people are getting paid too much money here and how getting paid too much money to live to keep your quality of life. But you're getting paid too

much money for what the federal reserves intentions are. We can see that. Jumping back into the headline CPO, we can see that food inflation remains extremely high. Um we see that the owner's equivalent of rent also increased zero point eight percent over the month, is the largest monthly increase in that index since June of nine. So the rent increases going up. Shelter inflation went up six and a half percent, up from six and a quarter last month,

and the highest on record. Rent inflation is up seven point two percent, up from six point seven four last month, the highest on record. CPI says that shelter index also rose six point six percent year over year. Now it's important to know this metric and this is a little bit of manipulation. So it went up six and a half percent, six point six percent ye over year, and this accounts for forty percent of the total increase of all items in the core, so excluding food and energy.

But the thing that's also to understand is that this is a lagging indicator because rents are typically locked in, usually at least a year at a time, and so we don't see this until those rents get reset. You've got at least you've been there for two or three years at this low rate. Well, when you leave that lease and they signed somebody else, they raise those rents

big time. They don't do it a lot of times if you're still there, or maybe they's do very small, but when you move out and they move somebody and you get a big increase. So you have to understand, these are really really lagging. These are these are really far. We also see that again as I said, uh, your wages going up is a big problem, and as what we've seen is that what's called real wages, real wages are lower for Americans for the eighteen straight month. Now,

what are real wages? Real wages are when you adjusted for inflation. So that means that the increase in your wages is going going up slower than the cost of goods. So even though people are still getting paid more and more money because the prices of goods are going up so much faster, they're still falling behind. You're getting a pay raise, but your quality of life is still going down. That's basically what's happening there. Now a couple of things

that I want to point out about this. Um. Like I said, even though you may be making more money, your quality of life is going down. And thanks to the Fed, thanks to the central banks, you're going to be able to I should say it differently, you're going to be forced to work more this year just to have the exact same quality of life that you had last year. So, Um, you don't get any improvement. You don't get any more stuff, you don't get any more time off, any more dinners, you don't get any more

time with you FAMI, don't get any of that. But you're gotta work more. You got to give up more of your life. That's what's happening. It says here that real earnings again right, that's justice for inflation are falling, savings are following, and more people are taking on second

jobs just to make ends meet. The central banks printing money causing prices to go up is literally stealing your life, your actual life, because now you have to go work more hours for the same exact quality of hours that

you could spend with your kids. Hours you could spend with your wife so you don't get divorced, hours you can spend with your kids so they don't turn out to be crazy theretics, Hours that you could spend on your education so you could learn to make more money, hours you could spend on a new job, a side hustle so you could become financially independent. But nope, you

can't spend any of that time. Now you are forced to go get a second job just to keep up with the same quality of life that you had before. So yes, you still feed your family, they just don't see you anymore. That's basically what the FED has done. And we can see this very easily because what we can see is that while the total jobs have shown strong growth, we can see the total number of employed persons has actually been coming down. So what does that mean.

Don't worry, I'm gonna break it down for you. You're listening to the Markma Show explaining what's going on in the world to you I'll be back in a minute, so don't go away, be right back, all right, Welcome back. You are listening to the Mark Ma Show. We're talking about the decentralized revolution, the way the world is changing, and we look at it through the lens of politics, finance,

and technology. Today we're talking about the financial side, the money side, and how the system that we know is coming to And I'm gonna I'm gonna put this into some terms that you can really understand what I'm starting to frame this up a little bit. But as as I was saying right before the break, my cliffhanger to keep you engaged was that, well, will it looks like the jobs are showing growth. We can see the total number of employed persons has been flat, all right, so

what does that mean. That means that the job growth that we've seen it's really just a matter of people working a second job, That's what it means. So the job growth looks good, but the people but more. But we don't have more people working as a matter of While the unemployment data looks good, um, if you dig a little bit deeper, it's not that good. So we have something called um uh man. Now I'm gonna blake.

It's the job participation rate. So while the job participation rate looks at all the people that are eligible to work and how many of them are actually working or looking for a job, the unemployment data only looks at people who are actually looking for a job. But as more and more people just give up and I'll just live on welfare, then it doesn't count those people anymore. So we're seeing the job participation rate is falling like

a rock. And what we can see CNBC said that nearly seventy percent of Americans are looking for extra work to combat inflation. Seven out of ten Americans are looking for extra work to combat inflation thanks to the FED. Thank you, Fed, appreciate that. Everybody like that. That's the central bank. That's what you get for having a central bank that manages the the amount of money in the system. It's insane. It's insane. Now, I'll just bring your attention back.

In Karl Marxi's Communist Manifesto, he lays out ten points of communism. Now, I know a lot of people say that all these high prices are because of capitalism. It's capitalism's fault. Capitalism has run crazy. Capitalism has led to all these big um greedy oil companies that charge too much money, in these greedy gas stations that make too much on their gas, and greedy food companies, and all this capitalism has ruined everything. But in Karl Marx's Communist Manifesto,

he lays out ten points of communism. In order to get communism in a country, in a nation, there's ten things that have to be there. Number five the creation of a central bank. A central bank is communist. It's not a capitalist. It's communism that is causing this. It's the central bankers communism that trying to control the money

by printing more money. By creating more money, it pushes down a devalues that money, so now it takes more money to buy the same things that did before, which means now you have to work more than you did before. And now seventy of Americans are looking for extra work to combat inflation thanks to the FED, thanks to the central banks. It's not capitalism, it's communism. They say that already eighty five percent of Americans said that they've changed

their spending habits. They've had to lower their quality of life. Now, instead of buying steak once a week, they just eat hamburger meat instead of hamburger meat. Maybe they're eating spam out of a can. I don't know, but they've had to change their spending habits due to inflation. Seventy say it's impacted the way they view their job. Fifty seven percent have sought out new or additional roles in the

past year, meaning they need second jobs. CBS said that a US inflation as US inflation is racing ahead of worker wages, meaning your weights are keeping up. A growing number of Americans are taking second jobs to make ends meet. We already know that the data tells us that this is the American dream the Federal Reserve has given you. This is the new American dream the Federals are the

Central Bank promises you. We were warned by our founding fathers, many many, many warnings from Thomas Jefferson and UM and many others that warned us that central banks would be more dangerous than standing armies, that the central banks would leave us Americans broken, penniless on the continent that our forefathers gave us. Central bankers are stake at all, They steal it all. And you can't afford that this is the American dream that FED has given you. What is

that American dream? Well, the American dream that you you get to work more jobs, you get to work longer hours, you get to keep paying those bills that are growing faster than you can keep your head above water. That's the dream they give you. It's not a dream, I like, it's not a dream. It's more like a nightmare to me. I think what most people want is they would like to work less hours. They would like to spend more time with their kids. They would like to spend more

time with their with their husband or wife. They would like to be able to, you know, learn new things, try new things, pick up a hobby. That's what most people want. That's the American dream. Provide for my family, right, have those nice things, but not thanks to the central bank that wants to create keep creating money out of thin air. Not thanks to them. Now, what is this all telling us, Well, we're seeing that job openings are falling. As a matter of fact, um they fell to a

fourteenth month low in August. The economy is getting crushed. The US economy is finally experiencing what was already in the cards in late nineteen And what is that a recession, probably a depression is what we're on our way into. Um, this was staved off because the Federal Reserve and the central banks print printed trillions and trillions and trillions of dollars. They've fired up the money printers to keep it um

temporarily going right there, kicking it down the road. And so now instead of a recession, we might have a depression. And on top of a depression, we also have prices at forty year highs. And like I said, the Federal Reserve is the cause of all this. Now talking about rents real quick, and just to tell you that what you see is not what you get. So yeah, they say, um that the shelter index rose six point six percent, it went up, but remember that that shelter index um

accounts for forty pc of that basket. So if it went up eight percent instead of six percent, it really moves that needle because it's of the basket which is big, right, And I said that one of six six pc. But per rent dot Com, they updated the numbers on the fifteen, so I don't have the October numbers as of November fifteen, and what we can see as of November, excuse me.

As of November, a two bedroom unit UM in the United States nationally went up twenty three and a half percent, and a one bedroom unit went up twenty seven year over year. So UM they say the BLS as it went up six percent six and a half percent, six point six percent to be exact. UM. Rent dot Com says it went up by for one bedroom and twenty three percent for a two bedroom. Now, which one is more accurate? How does the BLS get the data? Oh,

they do a poll. They call a couple homeowners and say, oh, you know, what do you think you could rent your house for? Like that homeowner knows the homeowner doesn't rent the house, they live it. They're probably not real estate professionals. And how many people do they call on how many different markets? I'm thinking rent dot Com probably has better data they pull from the entire nation because you know, we do have like an MLS database that they can pull it from. UM and so I think that number

is much more accurate. Now, if it went from rental colms that's now this is four September UM, if it went up instead of six point six percent, went to and it makes percent of the basket, what does that due to the numbers. Blows them out. It blows them out, big, big, big deal. Now, let's put this into some numbers that you can actually understand, and I want to show you what this means to you over a long period of time.

All right. So, um, like I said, uh, just that just this week when those numbers came out, it crashed the stock market. As a matter of fact, that Dow dropped five hundred points, which is the really big move off of that. Bitcoin dropped, everything dropped off of that, a sea of red across my screen of tickers. All right, but look, we're only in probably the first stage of

what's probably gonna be a multi stage disaster. It's kind of like, um, you know up here we have like these mountain passes in the wintertime, and like you get this this crazy fog and um, you can't see and so you start getting this pile up, and then more cars, more cars, more cars, and it starts this pilot. But

it's probably something like that. We have this bubble, this massive, massive bubble that's been created by the Central Bank, by green Span Bernankee Jannet Yellen, who's still around now, j Pal And that's what's caused the consumer price inflation. But I want to show you what this means to you and your investments in your retirement account over a long period time, and why your strategy that you're having right now probably is not going to work. You don't want

to miss this. You're listening to the Mark Mos Show. I'm gonna explain all this to you and more. You don't want to miss it. It has to do with your retirement account. So I'll be right back. Don't go away, all right, Welcome back. You're listening to the Mark Mas Show.

We talked about the decentralized Revolution, talking about the way the world is changing from a world of centralization, central planners, central banks, and move moving to a world of decentralization like no central banks, where we can be our own bank. And so we're talking about it. We look out through the lens of politics, finance, and technology. Today's specifically talking about the finance because the financial system that we have

is breaking down. And I've been explaining a lot. If you've missed it, I'm not gonna go back and cover it, but I am going to tell you right now what this means to you, right now, what it means to your retirement account, what it means to your investing that you're doing so you can retire one day, And why if you don't learn to look at this differently, it's not going to be good for you. So this bubble that we have, it's created by the central banks. They're

still in your life. I've covered all that um our central bank leaders, good old Alan Green's band and you know Ben Bernanke and yes Janet Yellen who's still around today creating disastrous policies. And she says, we didn't know there was going to be inflation. J Powell. They're the ones that cause the inflation. And like I said, we've been we've been breaking it down what these numbers show us this week. But let's look at what's happening now

off of this and let get some perspective. So the inflation numbers that we're seeing, they guarantee us now that we're gonna have to stay in this deflationary stage of this disaster for a while. Like I said, we're probably in stage one of a multi stage event. Right. They're gonna stay in this because, as your own Pala said, we're gonna stick with it until it's done. Stick with what crushing demand. So they're gonna stick with that for a little bit longer, and they're gonna stay with it

until something happens. Um, everyone's waiting for the pivot, And the pivot will come. But when will it be, Well, it's going to be when something breaks. What is going to break the liquidity in the system. Most likely it's going to be in the debt markets, in the bond markets, all right. Um, it could be a major pension fund that could blow up like we saw over and in the UK and the Bank of England, the bo you

had to step in and bail them out. So it could be a major pension fund like CalPERS Coppers has a half a trillion and ask sets. That'd be pretty bad. It could be a Wall Street finance house like black Rock. Black Rock has a eight you know, eight and a half trillions in assets. Could be some you know, big corporations, too big to fail kind of a thing like that.

But what we do know is the longer the FED stays on this course, sticking with it um to try to get rid of inflation by crushing demand, the closer we're gonna get to a pivot. All right. We don't know exactly when, but we have we have some ideas. Now most people think that this pivot's goin to happen and things go back to normal. What's normal, Well, um markets,

you know, asset prices going up and inflation subdue. They think that they they think the FED can get get the inflation under control and then we can get prices to go back up. But I think there's a big difference with how young people look at the situation versus how older people do. When I say younger, I'm talking about anybody under sixty. And the reason why I'm saying anyone under sixty because anyone in our sixty has no

recollection of what the financial world was like before. Now I do, I study history, but I didn't live through it. But anyone under sixty really has no idea, and so what they think as normal isn't really normal. As a matter of fact, there was nothing normal about the period. Is it normal for stock prices to go up by thirty six times? Is it normal for real bond yields the debt to start at teams the amount of interest the debt down to zero? Is it is it normal

to increase debt and have no interest expense. Is it normal for the federal government to multiply its debt by thirty times, because that's what we've seen, So we're gonna go back to normal. Is that normal? Certainly not normal. It was a it was an anomaly in time. Now, Uh, this anomaly has created massive distortions in the market, like all these zombie corporations. Zombie corporations are corporations that don't

make enough money to even pay their debt. Um the rise of n f T s and these JPEGs that are of apes that are in like eight bit um you know, graphic format to go for you know, hundreds of millions of dollars valuation, billions of dollar valuations for companies that have no way to earn money or ever pay that back. That's what we've been seeing. Now. Most people in this thinking this periods of normals that stocks

always go up over the long run. Right, Yeah, there sell offs, but if we buy the dip and we wait long enough, things are gonna work out. And so all we have to do is have a balance portfolio of stocks and bonds. Right, that's what your financial advisors telling you. And if your financial advisors telling you that you better watch out because they're wrong. Now maybe they're right. Yes, things in the long term, in the long run, they

always pay off, but maybe not in your lifetime. And of course you want it for your lifetime, right, so maybe not in your lifetime. Let's look at it terms. We can see that, you know, the pound, the pound sterling's crashing on the dollar, the Turkish lira's crashing on the dollar, um, the euros crashed, you know, down on the dollar, ty the dollar, but the dollar strong, right, Look at the dixie, it's going up. How do we see the dollar going down? What we see the dollars

crash sixty to the SMP five hundred. But if we look at it in terms of gold, gold is kind of what what real money is. Money's gold has been money for five thousand years. So let's look at it in terms of price of gold. If you bought stocks in the late nineteen twenties, you would have gotten all thirty dolls stocks in exchange for sixteen ounces of gold. Then by nineteen thirty three, about thirteen years later, you would have lost nine percent of your money. Thirty doll stocks,

all of them for sixteen ounces of gold. You would have lost your money, and you would have had to wait for twenty six years just to get back to even. Now, what if you were trying to retire in those twenty six years, it would have been very difficult. Same thing in the nineteen sixties. Um. Now, in the nineteen sixties, your your financial advisor would have said, just stay in the market, don't don't try to time the market. Um, it's time in the market. All you gotta do is

just buy good companies and just hang on. Right. So, if you own stocks in the mid sixties, your thirty doll stocks would have been worth as much as twenty four ounces of gold. That's pretty good. But but then as it started dropping. It took fifteen years for the market to hit a bottom in nineteen eighty, and you would have been down nine three m ninety three percent. I can't afford to be down like that. I'm trying to retire. Then you would have had to wait another

seventeen years just to get back to break even. If you'd bought stocks at age forty in nineteen sixty five, you'd be seventy two years old in nineteen seven with not a penny of profit or gain to show for it. If you followed your broker's advice and stuck with the program. Today you'd be ninety seven years old and instead of stocks worth twenty frances of gold as they were in

they'd be worth just seventeen ounces. So congratulations, your stocks lost thirty percent of the value over the last fifty seven years when priced in real money. And what's even

more crazy is this year, uh or this week. The architect of this, Ben Bernacki, who basically created this crisis by creating this quewie monster that's pushes into the biggest bubble we've ever seen in history, was just given the Nobel Prize in Economics as some sort of like a twisted joke, just to kick us in the in the gut. So um he He was given the Nobel piece Economics Prize for his groundbreaking research on banks and financial crisis. It says that how he managed the financial crisis was

better thanks to his research. They demonstrated the importance of preventing widespread bank collapses. All he did was engineer a way to make it bigger and worse in the future. He prevented it at the time, although millions of people still lost everything. Millions of people lost all their homes. But all he did was make the problem bigger and worse just down the road. And now we're paying for this.

So now that we know what problems he's caused, it's insane to think that they would give him a Nobel Prize. But I think the double prize is ruined anyway, right, I mean, what's the Nobel prize? Anyway? President Obama got the Nobel Peace Prize, which is pretty interesting Nobel. He got the Nobel Peace Prize after he dropped twenty six thousand, one seventy one bombs just in the year of alone. As a matter of fact, um he dropped three bombs

every hour, twenty four hours a day. He dropped the bomb every twenty minutes and still got a Peace Prize for that. So I guess what are the Nobel Prize is worth? Anyway? They give it to Obama for dropping bombs, they give it to Bernaki for making the bubble bigger and worse than that's ever been. But it's the Federal Reserve that is giving you the American dream that you never wanted and stealing your life. It's Communist point number

five in the Communist Manifesto. Understand what we're doing here. You're listening to the Markmas Show. We're talking about the decentralized revolution, that the period that we know is coming to an end and we are moving into a decentralized world. That's what I got for today. I know it was a lot. Hopefully enjoyed it and thanks for listening.