The Mark Moss Show - The Shrinking Economy - podcast episode cover

The Mark Moss Show - The Shrinking Economy

May 02, 202237 min
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Episode description

On this episode of The Mark Moss Show, Mark gets into the dismal state of the GDP.

 

 

 

 

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Transcript

Speaker 1

Hey, welcome to another episode of The Mark Mass Show where we talk about bitcoin and cryptocurrencies, the decentralized revolution that is happening around the world. And I'm trying to come at you each and every week, really digging in and bringing to you the intersection the converging of politics, finance, and technology. I know there's a lot of people out there talking about politics, a lot of people out there talking about finance, but nobody's talking about all three of

them coming together. And how when you put this all into context, you see things a lot more clear. Uh. It also helps you understand not only what's going on, but where things are going on, what you should be doing about it. You can't talk about politics without understanding other things, because of course politics drives economics, but of course economics also drives politics. But even more importantly, it's technology that throughout history, thousands of years of history, it's

always technology that changes the world more than anything. And so politics influences the economics and back and forth. But then it's a technology that's really the bigger piece. And so we look at all three of those things in context. And I say that because we're gonna talk about some of the economy stuff. But then we're gonna it's gonna lead us into some of the politics behind what's driving this.

And then we'll talk about how the technology is going to change all this and not just change it, but fix it. And if you understand that, if you understand all three of these in context, it's gonna tell you exactly what you should be doing to position yourself on the right side so you can take advantage of this situation. I don't want to say that taking advantage in a

bad way. You can be positioned to um, come out ahead front, run this, profit from this, whatever you want to call it, which will be much better to be able to deal with this type of stuff when you understand it. And so um, we're talking about those three, the three converging and we'll start with the money side of the economy side, which of course drives everything else.

And so big news this week, really big news this week was that the g d P, the gross domestic product number of the United States, the largest economy in the world, was released this week and it was very disappointing, to say the least. Now, it shouldn't be a big surprise to anybody, um, except for the you know experts, because the experts apparently live in a different world than we all do, and they were expecting much better numbers.

But of course that's not what we had. And of course, like I said, it's not a surprise, shouldn't be a big surprise to mer you, UM that the economy shrink, the economy shrink, UM, the g d P, the US GDP gross domestic product falls one point four percent as

the economy shrinks for the first time since the pandemic started. Now, the gross domestic product basically that takes into account all of the products made in the United States, adds them all up into a into a total number, and that's how they measure the the the output of the economy based off of how big that number is. And like I said, it shouldn't come as any big surprise because prices have been going absolutely through the roof. UM. We

talked about in an earlier show. Maybe a couple of weeks ago, the new cp I, the Consumer Price Index number came out eight point five cent, breaking records. We haven't seen that number for forty forty two years. I

think it was since the early eighties. UM. The significance of that, of course, is back in the early eighties is when we were at the highest point of inflation as well, and UH and then President Ronald Reagan and and then then Fed chaired H. Paul Volker had to make emergency action and they had to raise interest rates, the FED funds rate too over twenty percent to solve that problem. And here we are today back at that number. UM. Of course, we're nowhere near UM. We're still in the

single digits, but rapidly rising. And if they really want to get a handle on inflation like they did back then, they're gonna have to go back to about But imagine what happens to the world if that happens. What do you think happens to real estate? If mortgages were you know, back to if you guess they would crash, you you are right. But that's where we're at. So anyway, back to where we're at. So the inflation is running hot,

what does that mean? That means the cost of gasoline is now twice as much to fill up my truck with gas. That something I'm not super happy about, cost me twice as much to go to dinner. My airline tickets have gotten more expensive, everything's gotten more expensive, and so when things get more expensive, guess what happens. People have to cut back. People don't spend as much money because the problem is is that your income isn't going up as fast as the costs of goods and services,

and so you have to buy less. You prioritize the stuff that you need and buy less of the stuff that you want. UM. And so, of course, I guess not an not a big surprise, but UM, it says here the U S economy is shrink, you know, shrink in the first quarter. And just like the consumer Price Index I call it the c P I, what they called the z P I, I called the cp LIE because that number is so manipulated that it's notically not actually true. This g g d P number is actually

very very manipulated as well. I'm gonna explain how that's manipulated in a minute, UM, and we'll dig into some of the details on that. But what we can see here is that um, like I said, the decline in the US grows tomistic product at one point four percent annual rate marked a sharp reversal from a six point nine percent annual growth rate in the fourth quarter of last year. So we went from growing from about seven percent to now shrinking at about a percent and a half.

That's a big deal. It's a real big deal. Now, we've talked about other things in the in the finance side, the economic side of things, and so for example, in the previous weeks, we would talking about this yield curve inversion, and so the the amount of money that you can make if you loan money to the government by buying bonds. The short term rates have been going up by the while the long term rates have been going down, and

so the yield curve is flattening and is inverting. A lot of the yield curve actually went upside down, meaning it's more expensive in the long run than it is and I'm sorry, more expensive in the short run, that is in the long run. And so whenever it flips, r inverts like that every time in history it's led to a recession. So that indicator, that's why people talk about that all the time, this yield curve, when it inverts, it tells us there's a recession coming. And guess what

it inverted. And now the economy went from growing a seven to shrinking by one five percent. Sounds like a recession, doesn't it. Um. And that's exactly where we're at. And uh, you know, there's no shortage of excuses, there's no shortage of you know, people trying to explain this a way. As a matter of fact, Um, Bloomberg said that the GDP likely to show quote misleading end quote us weakness. Um. So, uh, don't don't trust the facts, don't trust the don't trust math.

It's misleading. It's not it's not true. It's like these people telling you in the school system that math is racist. Somehow math is just math, it's just fact, it's just what it is. But somehow Bloomberg tells us that it's misleading. Um. And they're saying that, you know, it's misleading because you know prices went up by a lot. Well yeah, no kidding, that's exactly what causes the recession. If they could have kept inflation under control, we wouldn't be here where we

are now. And that kind of goes back to this kind of conversation that I've had, which is that you know this inflation number is is uh, is so misleading overall and it doesn't really state the damage that's done to this But you know, in this In this Bloomberg article, they talked about it being misleading and they said that, you know, the consumers are quote they're spending with a little a little bit more discretion than they were, say,

six months ago. Uh yeah, no kidding. When when prices keep going up at that rate, people by less as I've already made the case. Now, you know, the government keeps telling and said, oh no, we're going to get inflation under control, don't worry. But I do want to just make a point that prices went up by eight point five. Even if they bring inflation back down to zero, that doesn't mean prices go back down to where they were. What that means is that they stop going up now.

Like I said, I want to talk about this GDP number and specifically I want to talk about how it's manipulated. Then I want to talk about the cause of all of this, and I want to I want to talk about exactly what the i m F, the International Monetary Funds said with the head of the ECB, Europeans Bank, and the head of the US Central Bank as well the Federal Reserve. I'm gonna play some clips that's going

to blow your mind. And then I'm going to talk about, um, what this really means, the impact, And of course then we'll talk about the new technology, um, the new trend that's coming to fix all of this. And I'm gonna show you some exact uh instances that we can see that demonstrates that, UM, all that. When I come back, you're listening to the Mark Moa Show talking about the

intersection of politics, finance, and technology. Of course we're talking about bitcoin and the decentralized revolution that's happening so much more. When I come back. Don't go away, I'll be right back, all right, Welcome back. You're listening to the Mark Moa Show. We're talking about the decentralized revolution that is changing the

world that we're living in. We're witnessing all of this in real time, and I'm just here on the sidelines commentating for you, giving you the play by play, so it brings it into context, you understand what's going on. Of course, we're talking about the intersection of politics, finance, and technology. We'll talk about all three of those areas and specifically bringing into context, of course, how they come together.

And we were talking about for the break, the latest gross domestic product, the GDP numbers just came out from the US government and it was very disappointing for them, somewhat expected from me. And it doesn't take a rocket scientist to figure that out. I'm sure it was probably something that you might have expected. Like what happens when prices go up so fast that people can't afford to buy things anymore, Well, they buy less, which it means

GDP growth goes down. Wow, you're smarter than these PhD in economics because they couldn't figure that out. Amazing right, Um, And so you know, they give us lots of reasons. They say, like I said, the consumer spending has gone down. Um, of course it has because prices have gone up. They said that wages, the wages are going up. They say, I don't know how much. I don't know how much of a pay raise you've received in the last year,

but they say they're going up. However, they're not keeping up with inflation, meaning prices are going up way more than your rate of pay is going up. So the price of gasoline has about doubled. Has your income doubled? Well? No, uh, Homes across the United States have average gone they've gone up about thirty five has your pay gone up by no? Uh, the average rental increases UM gone up. I think some states have seen more than sixt going up in rents.

Some some local areas have gone up more than has your pay gone up that much? And of course the answer is no. I say that rhetorical of course. Um. And so even if they say, even if we take out some of the gas price increases, which, of course, like I said, gas went up really high, we're still facing an issue of our incomes not keeping up with the pace of consumption, and something is going to have to give, said Stephen Gallagher, US chief economist at Societal General.

So I guess he kind of gets it. Something has to give. Yeah, that means we're buying less things, and so they're trying to kind of make these excuses, try had a reason away. That's what these economists do. Really, if you think about it, these the the the experts,

trust the experts, the experts. The economists are there to try to convince us what the government is doing and that what the government is doing is right and good, and they try to come up with these very elaborate answers that you know, we don't understand because we're just not near as smart as they are, right, Um, And so they give us these elaborate answers trying to explain this away. But let me make it a little bit more simple for you now, UM, if we if we

break down the world of economics. And I know this a little bit boring, I'm trying to make an interesting for you. But UM, we kind of have two camps, if you will, and you won't really hear about these

two camps mostly but mainly everybody's in this Kinsian camp. Um. John Maynard Keynes came out with this um kind of form of economics about a hundred years ago when he helped write the current system that we have today, including the Breton Words monetary system, and basically under Kinsey and economics, they believe that the government should just print as much money as they need, and that if the government prints money,

they can help us through these recessions. Um. I don't think that's correct, And obviously the proof is here, right, It's obviously not worked. Since those policies have been put into place a hundred years ago, we just continue to see bigger booms and boom booms and bus booms and bus booms and bus over and over and over um.

And then the other camp would be like an Austrian school of economics, which believes in not creating money from thin air and not having a never ending series of booms and bust, which I don't know, it sounds better to me, unless maybe you like the booms and bust. Now, if you could perfectly time them, I suppose it could be an advantage, but unfortunately most people can't. Um. You're

listening to the Markmas Show. By the way, we're talking about the decentralized revolution that the world is going through right now. Things are breaking apart and getting crazy because it's changing, and what's changing it is the technology. And so we talked about the intersection of politics, finance, and technology, looking at those three things in context. So if you're

new to the Markmas Show, thanks for listening. Make sure to put this appointment to be with me each and every week on your calendar so you don't miss me. But we're talking about this this GDP print, and what's really happening is is uh, what what a lot of people would call stagflation. Stagflation is where you don't make more money, um, but things just keep getting more expensive and Uh, that's basically where we're at right, Um, that they're inflating the money supply, and when they do that,

it's basically stealing because it steals your purchasing power. So what does that mean? If I had a hundred dollars in my bank account last year and I could buy I could fill Okay, so I could fill up my truck with gas for a hundred dollars last year. Now it's almost two hundred dollars. So that means a hundred dollars got me a full tank of gas last year. A hundred dollars gets me half a tank of gas this year. So they they literally stole my purchasing power.

They literally stole fifty worth of gas from me? How do they do that by printing the money? All Right? The thing that differentiate differentiates stagflation from what they call regular inflation is, like I said, the price increases are more concentrated in things that people feel are making them poorer instead of making them believe falsely that they're becoming richer.

But as the distinction between the asset prices asset prices which be stocks, real estate, things like that, and consumer prices, even they try to break those a part of these economist try and say, oh, but inflation is only an asset prices, not consumer prices. Well, if I'm a consumer and I buy a house, that's a consumer expense of how has done an asset? Right? Stocks and bonds are also an expense to me buying them, um, and consumer

goods are assets to people selling them. So they try to break these apart to seem all academic and try to hide this fact um. But it's but it's it's kind of like this made up lie that's happening. And again this is all manipulated. So think about this. So this the GDP, the gross domestic product. Well, if if prices are inflating, and GDP measures all the goods and services that are sold, but inflation has pushed the price of those goods and services up, So wouldn't it make

sense that g d P also goes up? Of course it would. Now for some of you guys that may be a little bit smarter than you might go, well, but Mark, you're not being totally truthful, because isn't there such a thing as a g DP deflator that actually takes into account this inflation? And the answer is yes, there is that, and so they try to say, well, we take this into account, But how do they take it into into account when the c p I number, the measure of inflation they give us is all fake.

So you've given us a fake number, trying to adjust it with another fake number, which ends up with a fake number. All right, Um, it doesn't work like that. It's it's completely manipulated. But UM, I want to tell you the real cause of this. And I'm not going to just tell you from me. I'm gonna I'm gonna let you hear clips directly from the head of the Fellow Reserve, the head of the I m F International Entary Fund in a conversation they had laughing about this.

I'm gonna play you a clip of that and when I get back, and then I'm gonna tell you about the consequences of all this and what this really means to you, and then of course how you can protect yourself and how we fix this, how we fix the world. We got a lot to cover. Um, and I can't believe these clips. Oh my gosh, I can't believe they're

saying this out loud. Typically what we hear is, you know, these leaders make up excuses the gas lightest of what you're seeing is not really what you're seeing or um, imagine how much it would have worse, it would have been, or it would have worked and if it wasn't for this, But nope, here they are just in many in it right out of their mouth. Shocking that they would do that.

By the way, you're listening to the Mark Moa show talking about this decentralized revolution that's changing the world as we know, talking about the intersection of politics, finance, and technology. I'm gonna have some clips from some of these monetary leaders when we get back. That's gonna be shocking. So don't go away, all right, welcome back. You are listening to the markma show. We're talking about we're talking about the world. We're talking about the world being shaken up

and changing right before our very eyes. And um, unless you've been living under a rock, um, you probably realize that the world is pretty dang crazy right now. There's a lot of things going on. And why is there so much going on? Vladimir Lenin said that there's there's decades where nothing seems to happen, and then there's days where decades seem to happen. And that's kind of where we're at right now. I think you would agree. Right every day it's like, oh my gosh, I can't believe

how much is changing and why Why is that? Well, that's because we're in the middle of this revolution. The world is changing and it's driven by the converging of three things three cycles, politics, finance, and technology. So I'm here trying to give you the play by play on that each end every week. Hopefully that makes sense now. I was talking about before the break about the new numbers that came out this week from the government US g d P gross domestic product number was very disappointing

to them, to say the least. We went from growing in almost seven percent um to growing um out about one percent I'm sorry, going slowing down by one percent, a drastic change. They were surprised, of course. I wasn't. What happens when prices go up, Um, people buy less. It's not rocket science. I think on elementary kid. I could probably ask my daughter, who was on the radio a couple of weeks ago, Uh, hopefully you enjoyed that.

I thought that was pretty fun. She didn't really like it, but anyway, um, she could probably even tell you that question. What happens when prices go up on everything and people don't make any more money? She would say, well they buy a less duh. But they were, they were surprised. But um, what is the real cause of this? And that's the piece that I want to get into now. Now, UM, the money is controlled by central bankers, and the big central banks are in the In the United States, we

have the Federal Reserve UH. In Europe, the euro runs off the European Central Bank UM. And then we have the one above that. It's kind of the central bank above central banks, which is the i m F, the International Monetary Fund, and the three of those people, so Chrystalina Georgina, she runs the i m F. We have Jerome Powell from the U s Phedo Reserve, and then we have Christine the Guard from the ECB European Central Bank. They all got together and they had a conversation UM

on CNBC. Now, like I said, well, usually we just get lies, we get lies, we get obfuscation, They spin the story whatever right to make us believe that what we're seeing is not what we're seeing. Um, I can't really think of any of I can't think of any of them that actually give us the truth, except typically when they get out of office, then they start being much more Honestum. But but in this in this conversation,

they're laughing, and uh, I am a director. Christina George Delna said some things that were completely shocking, and they're so shocking that I don't want to say them. I'm gonna actually have you hear them directly from her mouth. So let's quite and just play this first clip so you can hear what she has to say. I think we are not paying sufficient attention to the law of unintended consequences. We take decisions with an objective in mind and really think true what may happen that is not

our objective? Uh, and then we wrestle uh with the with the impact of it. M hmm. Did she just say that? She said that we're not paying attention to the unintended consequences of our actions. She said, quote, we rarely think through rarely that's her word. We rarely think through what may happen, and then we wrestle with the impact of it. Wait wait wait wait wait wait did she said she said that we rarely think through what

may happen? M hmm. Well again, my daughter who had on the radio and she's in uh in middle school, she can tell you what would happen. Um, it's just insane. As a matter of fact, Christina and Georgian comes back and tells us, let's go ahead and play clip number two and listen to this part. Any decision that is a massive decision, like the decision that we need to

spend to support the economy. You know, at that time we did recognize that mainly to too much money in circulation to a few goods, but didn't really quite think through the sequence in a way that up front would have informed better what what we do. And I subscribe entirely what to what Christine said about climate shocks. Mm hmm.

So she said that the massive decision like spending, they had, that they had this massive decision to spend to support the economy, but they didn't recognize that that maybe it would be too much money in circulation, and that that too much money in circulation would be chasing too few of goods. Now, what do you think happens? And I asked my daughter when she's on the radio, they I said, if there was if there was uh ten people that

wanted to buy a house, but only one house. What do you think would happen, Well, she said, well the cost of that house will go up. Yes, what if there was ten houses for sale but only one buyer, Well, the cost of the house will go down. So too much money, too many buyers chasing too few goods, two little of homes. What do you think happens? The prices

go up? Duh? My daughter answered this correctly. And here here's the head of the I m F saying we did recognize that there would be too much money chasing too few good So we did recognize that. But she says, to her own quote, we didn't think through the consequences. Wow, I mean this is economics one on one. Like I said, even my daughter got got this right the other day. Now, what are the consequences? What are the consequences? Well, the consequences are now prices are so high that people can't

afford food in some countries. Um, I'm gonna I'm gonna dig more into that. Let's play one more clip here? Why and this I think this explains why they don't think through these I guess Let's go and play his third clip. A parent see what she has to say, we are already out of time, and the fact that whenever something hits us, we forget about this other crisis is in incredibly troubling. The fact that we are I'm sorry, I'm going on here, but I'll finish in a second.

We act sometimes like eight years old playing soccer. Here's the ball. We are all at the ball, and we don't cover the rest of the field. Now, I have kids, and my kids played soccer when they grew up. And if you've watched eight year old kids playing soccer, all they do is just mobbed the ball and they just run around in a little circle. And as she said, we played like eight year olds. I'm playing soccer. We

don't focus on the field. So to her point that she likened the leaders making the biggest decision that infects the entire world, affects eight billion people, and she said herself, they're like eight year olds, not focusing on the field. I mean, I just can't be can't be overstated these impacts. We'll kill millions of people, potentially billions of people. Not don't not not me. This is from the U n from starvation, these decisions that they made because they, in

her own words, didn't think through the consequences. In her own words, we were like eight year olds will now lead to massive death and destruction. That's and they're laughing about it, like eight year olds? Now, how Mark? I oh, come on, Mark, you're being a little bit too overboard. I mean, okay, so they didn't think through and they printed the trillions of dollars, but I mean, come on, it's going to cause death and destruction. I think you're being a little dramatic. Really really am I As a

matter of fact, I can prove it to you. Let me bring you some of these receipts, because I know it's a pretty big claim. So she says, we didn't think through the consequences, Well, what are the consequences? Then I can tell you. I talked about him every single week. Like I said, it's economics one oh one. So I'll break that down. I'm gonna down exactly how this impacts your life, and I have the math. I'm actually gonna give you the math of how it actually impacts your life.

I don't think a lot of people in the United States will be dying, but unfortunately other parts of the world they will be um And then again, we'll go back and talk about, UM, how we have a new technology that's solved this now. Of course, if you listen to my show on a regular basis, you know that I'm talking about bitcoin. We're on the verge of a technological revolution, something that changes the course of humanity. You're listening to the Mark mos Show, and to be right

back with more. Don't go away, all right, welcome back. You're listening to the Mark Moa Show. We're talking about this decentralized revolution that the world is going through, how it's shaking up and being changed and transformed right before our very eyes. And of course we talked about each and every week the the converging cycles of politics, finance and technology, and of course we've been talking about UM

all of that. I mean mostly finance today, UM talking about the g d P numbers that came out from the US government this week that we're shocking to them, not so shocking to me. We went from growing at seven percent to shrinking at one percent UM. And of course that's all happening because of the money, because of the money supply. I played some clips, UM from the leaders,

the people who actually run the money supply. Of course, I'm talking about Jerome Powell at the FED, UM, Christine and George Elina at the I m F, and Christine Legarth the ECB European Central Bank, and that they all sat together in a round table for CNBC and laughed about it. I played the clips at the last the last segment of Christine and Georgia from the I m F laughing saying we didn't pay enough to the unintended consequences. She said, in her own words, quote, we rarely think

through rarely. So someone who has the power to impact eight billion people's lives saw something I would expect to hear them say that they rarely think through the impact. Um. She said, well, we we did recognize that it was going to be too much money and too few goods. We did, but we didn't think through the consequences of that. She said, we're like eight year olds. That's what's That's

what she said. Let me let me just repeat that. Uh, we knew that are spending would be too much money chasing too few goods, but didn't think through the consequences. So let me tell you what the consequences are. All right, So when you print too much money, you have too much money chasing too a few goods. What does that do? Well, that pushes the price of goods up, all right, but it does more than that. When the price of everything goes up, then things start to break down. So you

print a bunch of money, you pay people not to work. Well, then not as many people work, well, not as many people work. Then you know, as many people producing goods and services. So then you have less goods and services,

but you still have more money. So then you have the price goes up even more, which then means more business go out of business, which means then you have less goods and services, which means the supply chaine start breaking down, and then there's not enough trucks to get the stuff off the boats and get it there, and then there's not enough ships running, and then on and on and on, so like, oh, yeah, well the prices are growing up because the supply chains breaking down. Yeah,

but why are supply chains breaking down? They've always worked fine. Oh well they're going down because we have more goods being purchased than we had before. Well, why do we have more goods being purchased? Oh, because, as she said, we printed too much money. It's all about the money. That's the unintended consequences that she's talking about it. But it gets even worse than that. So we pay in the United States, we pay farmers not to plant food.

I know, it's insane. Google it. It's insane. But it's happening all over the world. So what's happening all around the world is now these supply chains are breaking down.

Supply chains are breaking down, and then guess what happens, Well, we don't have enough what we need to grow food because now in the United States, farmers can't get a tire for their tractor, they can't get parts for their equipment to run, they can't get the fertilizer that they need to plant the food, and then we start having food problems. Now, when when when nations go back through history,

when nations go broke, what happens. It leads to war every single time, a hundred percent of the time, it leads to war. Oh what's happening right now? Oh, it just happens to be at war, which is only exaggerating the food problem that we had. Now you could say, oh, but well it's because of supply chains you have, but whit supply chains break down with the money. We're having war? Why are we having war? Right? It all comes back down and like these are the unintended consequences as she's

talking about. Now, let me tell you the impact of this all right, per the U in the United Nations, per the you, in forty seven million people in eighty one countries will be added added to the already swelling ranks of enduring, enduring acute hunger right now. Now, don't don't don't, don't, don't say Mark, this is about those

this Russian Ukraine war. No. No. According to the UN, on a recent report by the World Food Program, even before the Russian invasion, the world was facing growing hunger, with some two hundred and seventies six million people facing acute hunger. Okay, now, this is it's driving up the cost of global food prices at a time when supplies were already perilously tight. This is leading to people starving

to death. These are the undintended consequences. On the u N website, this says that we're losing twenty five thousand people to hunger every single day. This is I'm reading directly after the UN website. Twenty five thousand people are dying from hunger every single day. These are the unintended consequences of them printing all this money because they're acting like a bunch of eight year olds that's her words,

not mine, and not thinking about it. We knew that it was going to be too much money chasing too few goods. We didn't think through the consequences. Well, that's the consequences. Now people in the United States probably won't be dying of hunger. We have plenty of food the United States, but other countries don't. Now, this leads to massive problems. Though we had the Arab Spring. The Arab Spring was, you know, one of the largest revolutions in recent history in the Middle East. And what was it

caused by? Oh, yeah, people not be able to eat. People can, people can endure a lot of pain. But when you can't eat, it's called nine meals. To anarchy, you go without nine meals and it's on, right, it's on. Nine meals has three days. I would argue, it's less for my kids. You know, if your kids aren't eating, probably give them two or three meals and then it's on. That's the consequences that they didn't think through. Um. And like I said in the US, it's it's probably not

as bad. We're not gonna start to death, but your quality of life is going down. So, for example, this eight point five percent inflation that they came out with last month, which is completely false, it's a complete lie. It's about but let's just call it eight percent. Eight and alf percent. That's the number they gave us. I'm not gonna go into all the way it's wrong. I think I've already covered that, but let's just take the

number they gave us, eight and a half percent. That means that you in the United States, um have, it costs you three d and twenty seven dollars more for you to have the same quality of lie. If that it costs you the month before that three more, now,

let's let's let's let's add that number up. That means if you made thirty two dollars an hour, which I don't know if you make more or less than that, but let's just say that you make thirty two dollars an hour, you have to work an extra ten hours just to keep the same quality of life that you had the month before, an extra ten hours. Now, if you make fifteen dollars an hour, you have to work

an extra twenty hours. Twenty hours of your life has been stolen from you because they didn't bother to think through the consequences of their actions. Twenty hours of your life is stolen from twenty hours that you could spend with your kids. You know, kids need parents. Maybe you could build a relationship with your kids. Maybe you could spend with your wife or your or your spouse so you don't end up in um divorce. Maybe you could spend that time in the gym so you don't get

out of shape and get and get sick. Maybe you could spend that time um building into your own education to learn new skills so you could get more pay to get yourself out of poverty. You could use those twenty hours or ten hours anyway you wanted, but you can't now because now you have to work that extra time just to maintain that quality of life that you had before. So they're stealing your life. It's which is

causing society to break down. Now you could not work those extra hours and that's fine, and then you just have to fall further buying. Your quality of life has to go down. So now you don't take a family vacation anymore. Um, now you'd never go out to eat anymore, you know. Now you sell your nicer car and you ride the bus, or you move to a smaller house, or whatever it may be. That's the consequences of their action that they didn't think through because they're like a

bunch of eight year olds in their own opinion. Now, the point I make is that this is ridiculous. Nobody should have the power to make any type of decision like that that would impact eight billion people. And that's why we take the money out of the hands of the government nobody, not take it from them and give it to a new set of people. We take it from them and give it to nobody in the system that nobody can controls. And that's what Big Win represents.

That is what we're witnessing. We're witnessing the world breaking down. It's falling on its own, it's already crumbling. But it's okay because we have another system that's being set up that we can move to you right now, we can take our money out and put it over there and not be affected. They can't print more of it like they dis died with the dollars, and that is what can save us from this. It already is, it's already saving us from that. But what do you think I'd

love to hear from You? Hit me up on social media. You hit me up on Twitter at one Mark Moss, at one Mark Boster, on Instagram at one of Mark Moster, hit me up on my website, send a message one Mark Moss dot com. I'd love to hear what you think about that. Even if you think I'm crazy, you can tell me that's okay. I got thick skin, um. But anyway, you listen to the Mark Mos Show. We're

talking about the intersection of politics, finance, technology. We're talking about the decentralized revolution is changing the world as we speak, representing hope for the future, for my future, and my kids and my grandkids future and for years too. And that's what I got for you today. Thanks so much for listening.

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