The Mark Moss Show Oct 29, 2021

see in history. Now, it's something that I say every week, and so if you've been tuning each and every week, then you've heard this before. And if you haven't been tuning each and every week, then pull out your phone right now, put a calendar reminder on for this channel, this station at this time, and make sure you come back with me every week, because I am trying to

bring to you something known as asymmetric information. Now, this is the largest asymmetric return we'll ever see in our lifetime, which means we have way more upside than we have downside. And the way that you participate in asymmetric information or take advantage of it, I'm sorry, asymmetric upside is by having asymmetric information, you have to know something that most people don't know, which is what I'm trying to bring to each and every week. Now for this section, I'm

joined by two of my really good friends. I got Matt him and his and I have Jessica Vaughan in on the group right now. So thanks so much for joining me, guys, well, thank you for having us more. Yeah, you know, uh, we've we've all spent quite a bit of time sitting around, uh talking about these kinds of subjects. So I love just to kind of get in and

uh and talk about him. So I want to talk about a couple of things specifically, I want to start with what I said, right, and asymmetric upside comes from a symmetric information. By the way, if you're pulling out your phone and you are um putting a kind of reminder on for the show, make sure to follow the lovely Jessica Vaughan on Twitter at Jessica Vaughan. And you can follow Matt at m j A Y profits m j A Y Prophets. And of course I'm one Mark

moss Um. But you know, there's this article that came out and it was on Bloomberg and it was talking about Peter Deal. Now, Peter Deal is uh probably the most well known billionaire venture capitalist, tech investor in the world, and he was at this meeting on Wednesday and he said, he said, uh, he's he's famous for being early into bitcoin,

and he said, I'm under invested in bitcoin. And then he said, um, my hesitation about investing was that I thought, quote, the secret was already known by everybody, adding maybe it's still enough of a secret. So he's basically saying the same thing, right. He he he thought everybody knew there was no asymmetric information, but he's basically saying, no, it's not. Maybe maybe maybe it's still enough of a secret, and so there's still asymmetric information. Most people don't know. Is that?

Is that the experience you guys have seen. To me, that's been more than the experience. I feel like everybody is so skeptical, skeptical about getting instocriptos because they think it's so late, because they look at the price, but they don't really like zoom out and see what it's actually solving and where it's being implemented in causing seamless transactions and opportunity and inclusiveness for the rest of the

world into the financial system. I think that people think it's too late, but they're just looking at the price rather than the fundamentals. Also, half the educators UM that are telling people about the broken monetary system are pushing them towards precious metals, which is obviously safe, but it's not going to give them UM the opportunity to make the huge gains that we are in bitcoin. So that's one thing that's happening UM. And then of course the

unit bias. Like one of my friends wrote me this morning that I've been urging for a year to buy bitcoin UM and he was like, well, ETHEREUMS, I can best blah blah blah, all the stuff about you know, the potentiality of the games that you can have there,

and it's just unit bias at work. So UM. I think those are the two biggest things as far as why UM bitcoin and and bitcoin is not as intuitive as UM it is for us that have to UM UM think about bitcoin as often as we do because of of UM what we do as far as speaking with the public UM, and so maybe we just need to spend more time going back and talking about unit bias and and and what the value of a cetoceans don't you want an asset with a higher value potential

to own less of it, that that's still better than owning a secondary type of asset that doesn't have that potential. Yeah, I mean that's that's that's definitely a great point. I think. I think, you know, there's there's two sides of it. So one, he said, it's still enough of a secret. So he thought more people kind of knew about it, and so he was shocked that not as many people

know about it. I know, like I have been saying on this show, this, this, this, this last couple episodes, like if you went to the mall um and you asked a hundred people if they own bitcoin, Like what do you think the percentage of people would actually even

know what you're talking about? I'd say a lot of people actually know the name, but have no idea about it, because like when I do bring it up, you know, to random people are just friends that aren't into financial markets, they look at me like, oh, yeah, I've heard of it? What is that? That that Internet money or that Ponzi scheme? They still don't have a grasp on actually what it is and what it's solving. So people are still skeptical.

And back to what he was saying like, if he thinks it's late, waiting is only gonna make it later. And you can't judge it on price thinking that it's too late because the problems it's solving its quadruple the price of what it would be once those problems are solved, you know. Well, and for me, I always push bitcoin as um a philosophical dive into how to protect individual

freedoms as they're becoming more and more attacked these days. Uh. And so I go philosophically with bitcoin, not just you know, number go up. Number go up is great. It signals all this confidence and it lets me know that um, it's it's getting more and more adoption. Um. But but sure people are gonna feel like if you go just off of monetary value alone, of course, people are gonna feel like they missed a boat because it's so expensive. I was happy to buy it high because I wanted

to join a financial revolution to give people their sovereignty back. Mmm. I love I love that part, Jess, And I think that's that's actually a really key point. Let's dig into that for a minute, because I think to the point you just made there was like philosophically and my whole message has always been like why why bitcoin? And so if you're just focusing on the price, oh, it's too high, But if you don't understand why, like what's the driver behind that? Right? So he went on to say, and

let me go back and read him. He says, cryptocurrencies rise was a rebuke of the world's financial system. So the financial system is in such disarray, printing trillions of dollars, and bitcoin is rebuking that. And then you wanted to say, it surely tells us that we're at a complete bankruptcy moment for central banks. And so, uh, philosophically, I mean, I guess that's a little bit more fundamentally on the

banking system. But um, it's like that's why bitcoin, like the price of bitcoin exponentially because the dollar could basically fall to zero. What do you what do you think about bitcoin while all of cryptocurrency? What do you think about cryptocurrency? Um hiding the true number of inflation because it's taking US dollars out of um, you know, measurable variants. Yeah, like out of indicators like like the consumer price index or something like that. Well, you know, the more you

dilute the supply of money. We've of course been you know, with our stimulus checks, when we bought bitcoin, this type of thing. Um. But we're pulling it out of assets in into traditional finance and putting it into crypto. So that's interesting when you think about a lot of the money being a lot of the extraneous money that's been printed in the last two years that's caused the inflation. I mean, the inflation is a desired effect. I mean,

they wouldn't have done these policies. They understand. It's not like they don't understand what printing money historically, does they know? Yeah, it seems intentional to me. Yeah, yeah, he said. He said it tells us that we're to complete bankruptcy moment, which I thought was interesting because I would look at and go, we'll shoot in nineteen seventy one when we defaulted on our on our debts and we severed the gold standard. That was when we when we when we

went bankrupt. Um. But I think I think that pieces is important. Um. And then back to kind of just what you're saying about the philosophy side. The philosophical side, he said that crypto was libertarian because it's a force for decentralization, and that by extension AI, especially sort of low tech surveillance form is essentially communist because it's a force for centralization. So much truth. Yeah, like like what like what what do you what do you see there?

I mean and I think, I think really like that's the bigger piece, right, So it's like, okay, number go up, cool, whatever, Okay, I guess you know, the financial recepts cracking apart, whatever, But there's something like way bigger going on here. We're talking about philosophically, we're talking about like the way the world works and the way that we interact. Um, we're gonna have to take a break here, but when I come back, I want to Jess. We'll lead with her.

We'll talk about that philosophically, kind of the difference between the centralization, the decentralization, the libertarian versus the communist, the differences of technology. And what's interesting is just how technology can really foster or build the found dation to have those philosophical differences. Uh. And again we're bringing you the information you need to know to have this asymmetric information

to take advantage of the asymmetric upside that's available. Don't be like Peter Deal, don't be under invested because you don't have the right information. If someone like him can have the wrong information, you can too. Of course, you listen to the Mark mos Show A Mom with Matt him Andez and Jessica Van. We're here each end. Every week. We're gonna be right back talking about bitcoin the foundations

of the philosophy. So we'll be right back. Hey everyone, welcome back to the Mark Moa Show where we're talking about bitcoin, cryptocurrencies, the decentralized revolution. Literally, I am bringing you the information that most people don't know, the asymmetric information,

so you have the asymmetric upside. We're talking about before the break, talking about Peter Thiel, one of the best well known venture capital investors tech investors at a Silicon valley and he was talking about how he says he was under invested into bitcoin because he thought, um, the secret was already known by everybody, but actually it wasn't a known enough And then he went on to say the reasons why, and this is what's important. I think

the why not the number go up. But he said that crypto is libertarian because it's a force for decentralization and by that extension AI is especially low tech low tech surveillance form is essentially communist because it's a force for centralization. Those are on opposite end of the spectrum, two different sides of tech. What do you think about that, jess um Well, I I make this argument a lot that people people's criticism of bitcoin, they'll be really concerned

that it's to push us towards a cashalist society. And what I have to say is that they're working on a fed coin anyway, we're working towards a cassualist society. I'm very pro cash because I like the privacy that it offers, but because they're doing it, because that's the intent that they're enacting. Now you know they can go the whole COVID make is exchanging money is very dirty, it's you know cash, Their people hide their wealth through

cash and and all these sayings. Of course, you know the bank accounts with the activity of six hundred dollars. You know that they think that now they should be able to have access to that without a warrant, which I don't agree with. Bitcoin is an opportunity to have a stable, uh solid money monetary system that's an alternative to the centralized finance system. Um that government is offering.

So it's it's such an opportunity to retain your freedom that they're coming to collect from you, and um, that's why it's very libertarian in my idea. Yeah, I agree. I mean, I think the more push that they give on this will give more of a highlight to bitcoin. It'll show here in America because we're so privileged that

we actually need this. You know, they're they're stepping a little bit too far into our bank accounts, too far into our information, and I think that's gonna give people a push and urge to be like, Okay, wait, this doesn't seem right. Because my generation grows up with this, say, as the norm, and now when it steps out of the norm and it's a little bit more pressed upon them, I think they're gonna look for alternatives, and the only

feasible or reasonable option would be Bitcoin. I mean, they could see the glamorous all coins, but what's been around the longest, what shows the best track. It's Bitcoin. Yeah. What what I think of is like, I know, you know I've said you guys have probably heard me say many times. I don't I don't like these labels, right, I don't like socialism and fascism and communism and capitalism and all those different things. And I think the definitions get too messed up. And so um, fascism is right

supposedly and socialism is left. And I don't know what I like to do. Is I like to look at we have individualism on one side and collectivism on the other, And so I would put fascism and socialism both on the collectivism side. And so when I think about that quote what he said there, um individualism versus collectivism. UM, Crypto is decentralized, right. We can each custody our own cut assets, right, we control it. It's not centralized, nobody

collectively controlled it. It's decentralized, individually controlled um. And so I think of that individualism and then the opposite being that AI tech, the centralized AI tech, especially the Survellans form is controlled centrally, right. So it's like on Facebook, so the Facebook servers essentially controlled. That's that's collective, is um. And of course then that's shared and manipulated by the governments and things like that. So I guess that's kind

of what I was thinking philosophy wise. I think his disclosure that he was under invested in bitcoin was more just um an exclamation about his confidence in bitcoin. I wouldn't think that he's you know, because we all feel that way. Once you understand bitcoin, You're like, oh, do I liquidate my house to have this asthlete? You know, like they call it so volatile, but I mean a deflationary currency can do nothing but go up anyways, people lose their keys, and um, there's just no way bitcoin

can do anything except increase in value. So why would we not want it? Yeah? Well, the thing the thing with what he said was every time, every time you get into a good investment and it goes up in value, you're you're like, you feel like you're underinvested. But if you if you invest in something and it goes down, um, then you wish you didn't invest so much. I mean a real good example earlier this year, I got into this early round company that they make it's like a

meal bay, a plant based like meal delivery service. And I got in on the first round venture round. And my friend that I went on to deal with, he

put in like six dollars. I put in much less than that, um, and I think we got in like thirty cents, and within like a month or two it's shot up to like two bucks, and I was like, oh my gosh, like why didn't I put that same amount of money and that he did, Like I can't believe it, right, Like I could have crushed it on that and like now it's all the way down to like thirty cents, and I'm like, dang, I'm so glad I didn't put how much money and as he did. Right.

Isn't it funny how we uh say things for the convenience of our own psyche, Like, for instance, bitcoin, if it goes up exponentially, you're like, damg, I didn't invest enough. But if it went down, you're like, oh, I knew, I knew a good thing. I didn't invest that much. And we always give the narrative to like justify what we did, and that applies to everything actually, So yeah,

so I think I think that's important. The other thing that I would say is just just zoom out and let's not be so so caught up on that short term price. UM. I love that UM people want bitcoin, these um institutional investors, they are going to buy bitcoin and give it this uh, this stable backbone and signal all this confidence to the rest of us. UM. But really what they're doing is backing of freedom technology and they don't even care they're doing that because they just

care about their gains financially. But I love that that it's just it's their backing liberation and they don't even really know they're doing that and they don't care. I mean, how great is that? Yeah? That that is great? Like like all these people that jumped in this e t F right, like all these like institutions, funds whatever buying in uh, and they don't realize that they're helping to

support the network. To your point, like how exciting. Yeah, even even even when bitcoin has so many upsides, it can't do anything. But when of course that means that I've underinvested as the rest of everybody because it's such a it's such a solid situation. Yeah. And and to to that point, Jess, I think, what that's that's the whole piece, right, So like just trying to understand that, Like even I think I saw a story came out.

I think it was a fake news story, but it said that Russia was adding bitcoin to their reserves and

it started to kind of bounce it around. Even Max guys shared it, and so like even um Russia, who's you know, typically worth been taught to think of Russia being bad, but by them buying bitcoin kind of to the point you're making, jess um, that's actually helping secure the network for a freedom nothing but good news didn't In that article they said something about putting bitcoin on the federal reserves balance sheet as a reserve asset or something like that. I saw that in the article and

bloombird somewhere. Yeah, so even even the government's, even the most totalitarian regime that wants to get involved with bitcoin is only working to support it. Now I want to switch gears. I want to talk about some other stories. There's some really really really big problems in the world today, and we have some serious literally like literally crisis is happening.

And I don't want to um, I don't want to sound hyperbole, but I'm seriously this this is a serious crisis happening, and I think the leaders are so out of touch with this, and of course, like everything, bitcoin fixes this, and if you understand how big of a problem this is and how bitcoin can fix it, I think this is the information you need now. I'm joined with Matt Himanez and uh the lovely Jessica Vaughan. You can find Matt on Twitter at m j A Y

Profits and Jessica Vaughan at Jessica Vaughan. And of course I am one Mark Moss. Give us a follows, shoot us a question to say you heard us on the radio. We'd love to hear from you. I'll answer your questions on the show next week when we get back, we're going to talk about the crisis that's happening and how bitcoin fixes this. Stay tuned. Hey everyone, welcome back to the Mark Moss Show. We are talking about Bitcoin, cryptocurrencies

in the decentralized revolution. Um here with you each and every week, bringing you the information that you need to take advantage of the greatest wealth transfer that we have ever seen. Don't miss the show's pull atrophone. Put a reminder on right now for this station this time to be back each and every time. Follow me on Twitter at one Mark Moss on Instagram, shoot me a message. I'm joined by two of my really really good friends. Here.

I got Matt Jimenez you can find him on Twitter at m j A Y Profits and I'm with Jessica Van. You can find her at Jessica Vaughan, find find them, follow them, tell him you heard him on the show. But we we just finished talking about Peter Field, one of the best investors history of tech, tech folks investor, and he says that he was under invested in in bitcoin because he he didn't understand he thought he thought he didn't know that there was still a symmetric opside.

I left and so we talked about that, and now I want to jump in talk about some of the biggest news really in years. I think since since the last seven years, we've seen dozens of potential bitcoin e t f s get proposed and get denied. And this week, for the first time in history, we saw a bitcoin

e t F come through. Now there's two types of e t f s. Really, if we break them down, we have a futures et F and a spot et F. One you're just betting on the future price, whether it's higher or lower or the other one is spot you're actually buying it. Um this we got the futures, which is not my personal favorite. I know, Matt, it's not

your favorite either. What what what do you see wrong with the futures based e t F. Yeah, So with the futures based e t F, I think it's actually driving people away from the actual asset itself, like owning bitcoin. So instead of actually buying bitcoin and taking out of the supply of bitcoin, you're just buying a contract on it. And Mark, I know you love history. What happened when they did that with gold? What happened when they said, oh, we'll do the gold and we'll just write you the

contracts for it. It didn't ends so well. And I could kind of see the same exact thing play out for bitcoin. They're gonna institutionalize it and they're going to come up with all these different contracts and all these different ETFs in different ways to interact with the asset without actually owning it. So they get all the assets on their side, but and they give you the contracts as much as they want. This is the this is the usual formula for economic expansion, is they have some

representative of it. You know, this is just what they do. They did it with gold, Like I that's a big criticism of gold, and you know the FED and how do we even know that all the vouchers they sell of gold like you don't. Every time you buy gold, you're not actually if you're not getting your gold bar, I don't know, you know what, you're actually getting some representation of it. And then and then they dilute down the value of what you think you have and you

don't really have it exactly. Yeah, and it messes up the supply and demand. So if like the prices are being driven by supply and confute, it uses the signals for the rest of us about the value of the asset that that that true. So it confused the signal. But let's say that I was like an institution or a hedge fund and I wanted to buy a million

dollars worth a bitcoin. Well, I would go buy a million dollars with a bitcoin, which would pull that bitcoin off of the market, which would take the supply down and push the demand up, so the price goes up. But now instead of buying a million dollars with the bitcoin, I just take the million dollars and I bet on

the price of bitcoin, the future price a bitcoin. But it has nothing to do with the supply and demand, So it has no uh, it has nothing to do with push you know, either pulling the supply down and pushing the demand up, and so it's it's fake bitcoin. They're inflating the surprise. It's just another gaming aspect of bitcoin to ride the Bitcoin way rather than just buying the asset. It's their way of trying to uh centralize bitcoin,

you know, and it's a decentralized assets. So they're trying to find all these centralized answers on a decentralized solution, and it will never work. People think it's a good idea. People think, oh, we need this mass adoption, we need all these institutions, we need these guys to come in and take over, and it's gonna skyrocket bitcoin, when in all actuality, I believe it's the opposite. Like you said, market's taking away from the supplying demand fundamentals that cause

price to move in either direction. So now we have these contracts that can completely bypass what price would actually do if people were buying the actual bitcoins off the network. Yeah, I'm not I'm not a big fan. Um it's the second largest et F launch in history, so apparently lots of people are fans. But we'll see what We'll see

what happens with that. UM I wanted to go ahead Jess, Well, can you just I don't have a finance background, so maybe this other people will be curious, like what's the significance of Like why does bitcoin need an e t F so much? Like why is everybody so in the edge of their chair about it? What opportunities? Like what what great news for asset holders of bitcoin? Is an e t F? Well, I think what people want is for some reason, most people think we need mass adoption.

And so I think that's right off the bat, there's like this fundamental shift, why do we need mass adoption? What what does even mass adoption mean to you? For example? And so they think that if Wall Street comes in and put in e t F, then all this money that's sitting in these in these institutional accounts that can only buy securities, they can only buy stocks, so per their mandate, they're not allowed to buy bitcoin. So there's all types of pension funds and hedge funds and um,

you know, people with Charles Schwab's accounts. They can't buy commodities, they can't buy gold, they can't buy bitcoin, they can only buy stocks. So if we create an e t F, now all this money that can't get into bitcoin can now come into bitcoin. That's what I think people are thinking. And it shows that oh hooray wall streets here, right, and so they think they need that. UM, I don't agree with I think that's what they think. I don't

agree with that. UM. And And in addition, they're not even buying bitcoin, they're just they're just and they're misallocating funds. And these people think they're getting access to something, but they're not. So it's kind of a it's kind of a bait and switch in my opinion. Absolutely, I'm I was totally against us from the beginning. I remember they launched a futures market for ethereum or something like that.

I remember. There is one thing that I think is kind of cool though, and so I put a little mini tweet threat out I think yesterday before, and I was talking about, UM, you have this like you've all seen this like upside in this Bell curve, and it's a diffusion of innovation and so it's like the innovators the visionaries, and then there's like the chasm, and then there's the early majority of the late majority, and then the laggards and so it's like this Bell curve and

to go from the visionaries to the early majority. There's something called the chasm, and the chasm is the hardest piece to get over. It's typically about eighteen percent adoption. And the reason why it's hard to get across the chasm is because to go from a visionary to the early majority, you have to change the entire mindset of people. And so I believe that this e t F and

like El Salvador, fit in that chasm. Um people think, just to kind of the question that you ask, like if Wall Street adopts it, that changes the perception and now it's like mainstream, and maybe just that perception is enough to bring in the rest of the early majority. Do you think that it's significant that people desperately want to signal that government is not going to try to

take down bitcoin. In more mass institutional adoption, it becomes um not to be cliche, but too big to fail or to too valuable to confienscate, you know, because people have these strange ideas like government can actually get to

my bitcoin, which they can't not. If I self custom you, I I would agree that um, the chance of the government making it illegal went way down now that the e t F has approved I don't know if most people think of it that way, like, oh, please get the et F approved so the government won't make it illegal. But I would agree that it definitely has lowered that for sure. Then great, Yeah, then great And and that's why And that's why I said, I think crossing that chasm.

And that's what has to change, is that that mental shift. Um, I want to I want to switch gears, and I want to talk about something bigger. Um. Kind of like what we we're talking about before, about the whole Peter Teel thing is like really understanding why like why bitcoin and like really getting down to the heart of it. And and as he kind of said, the difference between

you know, collectivism versus individualism. And we are at a point in the world where we have like peak globalization going on, like literally and the world is breaking apart. As a matter of fact, we're in serious crisis. So we're in We're have a massive energy crisis going on. They're saying in Europe people could freeze to death this

year in their homes they don't have enough energy. UM. Supply chains are backing up everywhere and in China without enough energies there shutting down factories, which is gonna make supply chains even worse. We have schools running out of food, and while all this is happening, grocery stores are going empty. We're being warned out we're gonna be empty this year. The leaders are laughing about this and acting like it's

a big joke. And Matt, you mentioned I'm a fan of history, and this makes me think of a story of history, so I want to dig into that. Uh, and then I want to talk about how, yes, bitcoin fixes this, So we're gonna talk about that when we get back. You are listening to the Mark Moa show. We're talking about bitcoin, cryptocurrencies, and the d centralized revolution. I'm on with Matt Himenez and Jessica Vaughan. Make sure

to give us a follow on social media. You can follow Matt on Twitter at m j profits and you can find Jessica at Jessica Vaughan. And of course I am one Mark Moss. Give us a follow, give us a shout out, Ask a question, We'll make sure to answer it next time on the air, and we will be right back to explain how bitcoin fixes this crisis. All right, welcome back. You are listening to the Mark Moss Show, and we are talking about bitcoin. We're talking

about cryptocurrencies and the decentralized revolution. Literally the biggest opportunity you'll ever see in your lifetime. And I am not overstating that. Of course, you have to have the information that most people don't have, which is why you should be with me each and every week. So pull up your phone, put a reminder, make sure you're here on this channel at this time. Follow me on Twitter at one Mark Moss or on Instagram send me a message. I'm joined by two of my really good friends that

I spend a lot of time talking with. I'm talking about Matt Himenz and I am talking with Jessica Vaughan. You can find her at Jessica Vaughan on Twitter, and you can find Matt at m j A Y Profits and so um we are talking about right now, we're talking about this crisis and I don't I don't use that word lightly. We literally have a crisis going on all throughout the world, an energy crisis. There's not enough

energy to go around. Um through Europe, they're saying that people could freeze to death this year because there's not enough natural gas. With not enough natural gas, the prices went up. The electricity companies need natural gas to create electricity, so now their prices are and they're going out of business. That does an electricity companies have going out of business. They need natural gas to make fertilizer. And what's the fertilizer used for? Oh, yeah, to make food. Oh shoot,

that's a problem. They also need natural gas to make CEO two. What's that used for? Oh? To process uh? Animals and process food. That's a problem. Uh. It's happening all throughout China. They don't have enough energy. They're shutting down their factories. Um, and we don't have enough supplies coming from China already. And in the United States, even in Denver, public school children are facing shortages of milk. The headline says food shortages for per Bloomberg, food shortages

are the next supply chain crunch. In Denver, public school children are facing shortages of milk. In Chicago, local market is running short of canned goods and boxed items. The supply of basic goods of US grocery stores and restaurants is once again falling victim. It's a big problem. It's a big problem. And while we have this going on pictures of of grocery stores all over the place going empty.

Um at the White House, good old Jen Saki. Typically she says she'll circle back on that answer, but this time she gave an answer. And when she was pressed by the media, of course they don't ask him nearest tough questions of the previous president, but they asked her what's going on with these supply chain problems? And she said the tray that some that some people have to wait longer for their treadmill to arrive. What I mean,

how about to touch of these people? Jest. Yeah, especially because we had all this history to know, to know and and called all these predictions ahead of time. Uh, this is social engineering to grow the state, is what it looks like to me, because we know cause and effect.

We've seen this repeat itself everywhere else. I think that a they want to get people used to having um lower expectations and much much less availability of all these products, because that's what that's what they want if they're trying to move us into a more socialistic type of government. And of course they're going to keep saying you have to scale back your expectations because they're trying to pull us away from capitalism, um, which of course is why

we have so many choices. So they just want to reorient everybody into the idea that there's, you know, two kinds of canned tomatoes, there's there's two kinds of bread to buy. Like, all this this quenching thirst to have

all this market choice is something in yesteryear. And if you don't agree and understand why these um sacrifices have to be made, then you don't care about you know, your fellow man, because what we're trying to do is make it to where we have a sustain you know, quote sustainable, emphasis on that word all the time, a sustainable way to live our lives. Uh. And if you read any Markusha, he predicted all of this, and that would have been the last time they're their takeover failed

in in the late sixties early seventies, UM. So if you look him up that he definitely says in there about the fact that going forward to to make communism or socialism a realistic expectation, that consumerism expectations have to go down. So it's interesting to see these little philosophical tidbits come out of jen Psaki's mouth herself since she

speaks for the president. Yeah. Well, something that's crazy about the whole supply chain getting messed up is this is what happens when you have three of the largest international shipping companies control about eight sent of the world's shipping. It just goes to shows that we don't have true capitalism because there would be more options and more competition

for shipping companies to deliver goods. This is what happens when you only have three large companies that manage almost a hundred percent of our shipping to the US and all other countries as well. So back to what you were saying, Jessica, Yes, this is totally uh socialistic regime. And I think that a lot of millennials don't even understand socialism and they prefer it, and it's because they

don't understand capitalism. When when they hear the word capitalism, they think that this is capitalism, that we have it right now, and this is why things are messed up, and that's totally not the truth. It's we don't have capitalism. They think capitalism leads to all this exponential growth and money going into the pockets a few and out of the majority, when that's totally not the case. I think

most people don't understand socialism. You know, having three companies that manage all of the shipping, that's a step towards socialism. That's being and Matt and then they can coordinate, and it's just more chrony ism. So when people have all these criticisms of capitalism, what they really are critical of is the chrony ism aspect, which is it's a hallmark

the state cooperating with private companies. And then and then they're the ones who get to fund the candidates that don't regulate them, and you know in the House and the Senate, which it's a ridiculous circle. Of course, you see how out of control it can get. And I have decided to start calling that the formerly free, the formerly free world, the formerly free market, the market formerly known as free because what do you call it? The only thing free we have left is bitcoin. It's the

only free market that exists on earth today, is it? Yeah? And it's so and it's so obvious to me why it came out of of two thousand and eight when bitcoin originated, was because of the frustration about what we saw with the housing market and and you know, predatory lending and that whole crisis. I would say, I mean to me, this is uh, this is just a it's

it's it's a continuation of the centralization. And so the more centralization that we continue to see, the more problems that we have, the more distortions that we have in the market. And I'd say, I've been saying that we're approaching this peak centralization and so we're kind of at this peak crisis mode and literally things are about to break. I saw this is this is incredible. They said, Um, in the US, supplies are so hard to get right now.

Farmers can't get at tire for their tractor, they can't get any parts for their farm equipment. They said that if they put their orders in right now, they'll be lucky to have them before spring of three. And if they don't get them in time of spring of twenty three, they missed the plant, which means then we wouldn't have

food until four that's three years away. These are all policies with cause and effect, and the desired effect that they begin when they originate these policies is to make people on their knees, both small businesnesses and individuals and also farmers. Everybody involved in the supply chain, because if you just throw enough sand in the gears of the supply chain, there's nothing left to do except for when they all start crying about the fact that government broke

their their their production chain and their business. Is that now that it's more and more people that are dependent on the government, more and more big bailouts are debt ceiling has to raise and uh, you know, bitcoin resolves some of this. There's a there's a quote from my good buddy Jeff Booth. He wrote a book called The Price of Tomorrow. Great book. He said that if you have abundance in money, so we've we've been printing an unlimited amount of money. We want to go into m MT,

just print money. If you have an abundance of money, you have scarcity everywhere else, like food, supply chain's energy. But if you have scarcity and money like bitcoin with fixed supply cap, you'll have abundance everywhere else. Give me a twenty seconds on that, Matt, How's bitcoin fixed that?

I think bitcoin would fix that by being able to absorb and hold people's money, by allowing them to maintain their purchasing power and allow the goods to flow in so they could afford this right now, what we have is feed occurrencies that's being devalued, and they're not able to purchase these things that are rising, and they're blaming everything like a pandemic and all these other things that are saying, oh, this is why prices are up. This is why prices up. Prices are up so simply because

of m MT. It's just the money priner. Yeah, yep. So we have abundance and money, an unlimited amount of supply of money, and we have scarcity everywhere else because everything is scarce. At the end of the day, economics is based based off of our time, which is scarce and we can't and everything is scarce we have we have limited finite resources, and so when we have an unlimited amount of money, then scarcity and products and goods

and services happens. To fix it, we need to fix money supply with bitcoin, scarcity and money twenty one million, then we'll have abundance everywhere else. You listen to the Markmas Show, I'm with my good friends Mattimenez and Jessica Van. You can find them on Twitter at Jessica Van and uh. You can find Matt at m J Profits of course, I'll Matt One, Mark Moss. That's it for the Mark mass Show. I'll see you next week.