Market Crash Predictions, Crypto History, Bitcoin & Mark Moss

Today’s returning guest is crypto expert, investor, and entrepreneur Mark Moss. Jason Hartman talks to Mark about California and its fight against climate change, the real estate market, and a possible California market crash. The two also explore what happens when the stimulus ends and the cryptocurrency revolution.

Announcer 0:01
This show is produced by the Hartman media company. For more information and links to all our great podcasts, visit Hartman media.com.

Announcer 0:12
Welcome to the American monetary Associations podcast where we explore how monetary policy impacts the real lives of real people. And the action steps necessary to preserve wealth and enhance one’s lifestyle.

Jason Hartman 0:28
Hey, it’s my pleasure to have my friend Mark moss back on the show. He is an investor and entrepreneur, a crypto expert, and just an all around great guy who’s very well informed about so many things in life. Before we started, we were just talking about the craziness that’s going on in California. He just got back from Mexico looked at property there on on two recent trips. And it’s great to have him back on the show. Mark, welcome. How you doing?

Mark Moss 0:53
Yeah, I’m doing great. Jason, always a pleasure to sit down and talk to you.

Jason Hartman 0:56
Thank you absolutely feel the same way. So you got back from the surfing trip. And you notice that in Mexico a what some would call a third world country or more politically correct. developing country, right, the power state on which was not the case in the fifth largest economy by GDP in the world, the Socialist Republic of California, where you live and where I’m from. Yeah, so. So why is it that the power stays on in Mexico but not in California?

Mark Moss 1:22
Yeah, you know, it was a definitely a very glaring difference. I am from California. I can’t seem to leave the beach in the surf here. Plus all my family’s here, the weather’s great, but man, they’re making it hard to say

Jason Hartman 1:33
we’re in San Clemente. Just Just for the record, right.

Mark Moss 1:36
Yeah. Yeah. A little in a nice little bubble down here, kind of insulated, not insulated from the taxes and the crazy policies and whatnot. But yeah, you know, as you just said, Right. I mean, California is the richest state in the nation. It’s the fifth largest economy in the world if it was a nation. I mean, obviously, Hollywood and Silicon Valley are here we have the highest taxes, state taxes in the nation, not only the highest, but double the highest. We have the highest energy, I think it’s six times the average our energy,

Jason Hartman 2:02
and highest Don’t forget gas prices. Certainly that’s energy, but you know,

Mark Moss 2:06
specifically gas prices. And what was interesting is while I was in Mexico last week, we had rolling blackouts, the electricity was shutting off over and over and over.

Jason Hartman 2:15
In California, not Mexico. No. in California

Mark Moss 2:17
in California. Yeah, I’m gone. And we had a heat wave. It’s September. So heat waves in California are typical. It was extremely hot. But it was not hotter than what is normal for this time of year. So yes, it was hot. But not it was not hotter than what is normal. So we weren’t having like crazy global warming, extreme temperatures, it was just normal for this time of year. And that being said, Our next door neighbor, Arizona is way hotter, like 20% hotter. But while we are gone, not only was it hot, then we had the raging wildfires, which made the air quality really, really, really bad. Even where I’m at probably 100 miles away from any fire, the air is bad. So the air is bad, extremely hot, people are having to work from home, kids are trying to do school from home. And yet we have no electricity. And of course, that makes you think about a third world country that can’t keep the electricity on. I do spend a lot of time in Mexico, I’ve had two recent trips in the last month, month and a half. And where I was at in Mexico has one paved road and everything else is dirt roads. It’s not It’s not a big town. It’s not a resort town. But the air conditioning, or I’m sorry that the electricity stayed on no problem there. And so I’m like, I’m with my wife. And I’m like, man, do we even want to go home to California right now, like the air quality is bad, the electricity is not on, we can just stay here and have electricity and air conditioning. And so stay in modern in modern Mexico. No, this

Jason Hartman 3:34
is ironic that we’re even saying that. But

Mark Moss 3:36
yeah. And so you know, it makes you It makes you think and you know, I am a market analyst, right? I’m on YouTube. And so I’ll do a study the markets and commentate on him. So you know, I pay attention to these things. And the thing that I think most people are missing is that what’s happening in California one is coming for the rest of the country and coming for the rest of the world. So Mexico seems to be doing better now. But I believe there’s problems coming to the world. And the reason why I say that is because the problem that we’re having with electricity is not an accident, it’s actually by design, it’s actually been done purposely to get us to this point. And that’s why I say it’s happened, it’s going to come to the rest of the country because the rest of the country is starting to adopt or wanting to adopt the same policies that that California is. And then of course, the rest of the world will also adopt them. We’re already seen in in some of the developed nations, like in Germany, for example. And so what I mean by that, is that California is leading the charge on fighting back against climate change used to be global cooling, and then it was global warming, and now they can’t get it right. So it’s just climate change. If they keep changing their mind like is if the climate never changed before, right.

Jason Hartman 4:44
But yeah, I mean, I admit that there is probably some climate change going on. But you know, the question is, what’s the reason there’s so many things to that onion, you’d have to peel back 1000 layers to really dissect that argument. So it’s just, you know, it’s just mostly being used as a political football to control people. Tax them and have additional regulation, you know, soap that’s

Mark Moss 5:04
Yeah, no, that’s exactly right. And the problem that that we’ve our world has shifted to is that everybody has this very short term thinking, and we’ve lost this long term perspective. And so what I mean by that is we kind of manage everything very closely. So, you know, the the pandemic is a great a great example. But without trying to dive into that. But back to climate change, you know, we’re making a decision, like in California’s case, for example, we make a decision to shut off all of our natural gas and coal, electricity plants, in addition, shut down, what is non fossil fuel nuclear energy, so we shut down the nuclear plants. And the goal was to push everything to renewables, wind and solar. And that sounds great, and I love it. And in a perfect world, that would be that’d be great. The problem is, there’s reality. That’s the problem. And the reality is, is that wind and solar aren’t enough. And so we end up in a situation like we are today, where we had ideology to shut off coal and natural gas, which they consider fossil fuel, we also shut down nuclear, which is not fossil fuel, but whatever, they shut that down as well. And we had this great idea that wind and solar would work, but it doesn’t. And so we end up with six hours a day of no electricity. And imagine this, Jason, for people that don’t really grasp how extreme This is. Right now, California is still one of the strictest states in the nation as far as like lockdown and stay at home orders and things like that. So this is at a time when all businesses are closed. All office towers, all office buildings, escape anywhere else,

Jason Hartman 6:33
right? Yes, schools,

Mark Moss 6:34
school, everything is shut down. Schools are shut down, malls are done. Everything is shut down. So who’s using electricity? So at a time when we’re our electricity usage is very low? because everything’s shut down? We still can’t keep the lights on. That’s amazing.

Jason Hartman 6:49
Yeah. And you know, it is such a complete ripoff for parents who are having to homeschool. And can you imagine single parents having to do the home? They’re basically homeschooling essentially, I mean, yeah, that they produce some content on zoom, if you can get it when the power is on. But and there’s no tax rebate for the fact that you’re not paying for a real you’re not getting a real school experience for your kids. So that’s a complete ripoff. Yeah, it’s just unbelievable. You know, I haven’t talked about it too terribly much on the show, Mark. But I have a little bit. You know, have you followed the forest management issue and the reasons for these wildfires. I mean, that’s just I remember what I was in Arrowhead with my girlfriend at the time years ago. And it was right after that big giant Lake Arrowhead fire. And you know, the guy who was this total environmentalist guy was giving us a tour and telling us about the fires. Just right before we were there, said, you know, the reason we have the fire is because the environmentalist wouldn’t let them clear the brush below the trees because it would disturb the beetle. Okay, that was there. And so there was tons of kindling to just, you know, fuel that fire. And if they would have allowed the brush clearing and some, you know, reasonable backfire locations and so forth. He could have been prevented largely or, you know, stopped quickly. And this is just, it’s just crazy. It’s like, yeah, I want this.

Mark Moss 8:11
I’m definitely no expert on the fire. So I don’t want to put myself out as I am some, you know, expert, but I have read articles from fire captains, Fire Chief Fire policy makers, who have been coming out publicly saying exactly what you’re saying. So many experts have been writing articles saying the exact same thing. I don’t want to pretend I am one. But yes, they are saying the same thing. But in addition, all through in Northern California and Oregon, they’ve found several and Tifa people studying fires. As a matter of fact, one guy said a fire was out on bail and 90 minutes later was busted against that another fire.

Jason Hartman 8:47
Yeah. And you know what they’re doing? They’re allowing prisoners to fight the fires, which I think is fine, because it does give them a path, you know, to when they get out. They can actually become a firefighter. If they fight the fires in prison. That’s the program but murderers rapists and get this arsonists are being allowed to fight the fires and they can actually become firemen after their release real firemen arsonists. I mean, you got to be kidding me. That’s that’s just, that’s just the nuttiest there only, only Gavin nuisance could think of that. And that was that was his deal with the the inmates. So it is a crazy time. But

Mark Moss 9:26
and so the the problem is, is that if you want to know what the what the country looks like, when the democrats take over look at California, because it’s Nancy Pelosi is the third ranking member in the US and her state is California. Also Kamala Harris, who’s now you know, the Vice President campaign, she’s was the Attorney General of California, obviously, Gavin Newsom, etc. And so, those policies, so the House Democrats, Nancy and Nancy Pelosi led a bill to push the same energy platform that’s happening in California. So her plan is basically the planet and California and now it’s coming for the country. That’s why I said it’s I mean, but then you have really under the Biden platform, you have AOC and Bernie Sanders who are really setting the kind of the the full more policy, and they’re pushing the green new green New Deal, which is even way more aggressive. And so we’ll see even way more electricity shut down. And the thing is, is that they understand the problem. But they think that it’s a necessary sacrifice, you need to be okay, with going without electricity for four or five hours a day. You just need to be okay with that, because that’s what it takes to save the world. And I’ll bet you Nancy Pelosi has a built in generator in her mansion for her SubZero refrigerator with will ice cream in. And that’s a whole nother situation. Because in California, as I said, our electricity prices are already six times higher on average in the nation. So for example, I know many parts of the nation, they might pay six to eight cents per kilowatt hour. In California, we pay about 45. put that in perspective. So that’s already really hard on the lower end, right on the lower income people, or what they did with some of these rolling blackouts is, if you wanted to pay triple, you could leave your power on. So that’s even worse again. So not only does the lower end customer elitist, it’s

Jason Hartman 11:08
a whole elitist thing now. Yeah. unbelievers, it’s in the name of equality. But yeah, right. Yeah, yeah, but not not a quality at all. So tell us what this means to the market. I mean, the real estate market in California was already, you know, in the higher end areas of California, certainly, that’s a cyclical market, it was already under under pressure was already softening long before COVID. And, you know, I’ve been predicting that for years, because that buyers were starting to reject the high prices. Now, you know, with the low interest rates has got a little bit of a reprieve. But still, those prices are very much out of whack with anything reasonable. Right. So what do you what do you think is gonna happen in the real estate market there? And before you answer, you know, there are four bills in California now. And you know, they’ll probably get two of them through and two more will come later. One is repealed prop 13. Basically, I mean, you know, these things all have nuance, but generally, but yeah, repeal prop 13. Howard Jarvis’s 1978, tax ball, I remember that when I was a kid, and then raise the highest marginal rates, like 16.4%, I believe, instead of 13.3, where it is now, and then have a wealth tax of point 4% per year, even if you make zero money, or you lose money that you’re with, they’re just gonna take some of your wealth. And then what was the other one I saw? I can’t

Mark Moss 12:32
tell you your exit tax. So if you leave the state for total, yes, you’re liable for that. And they also have another one where if you sell your house and move to another state, you have to pay a big chunk of that sales price

Jason Hartman 12:42
as well. believable? I don’t know if they can constitutionally get a retroactive tax through, but I wouldn’t put it past them to figure out a way, because you know, I only left California nine years ago, so I can be liable. I can get a tax bill for that last year I was there.

Mark Moss 12:56
Yeah. Well, those are great points that you bring up. And the reason why that’s important to everybody is because as you look at the real estate market, and you and I have had these conversations, there is no such thing as the market. There’s 1000s and 1000s of little tiny sub markets. And so when you look at problems in California, like we’re discussing our problems, whether it may be in New York City or Michigan, or whatever, you have to understand that affects other parts of the country. So while mass people might be fleeing a couple states, where are they all going and that could positively affect those areas. And so you need to understand there’s nuance there. And even inside California, there’s nuance. So for example, I live by the beach in a small little beach community. And real estate here is nuts. It’s going completely nuts. I mean, literally $3 million homes are getting multiple offers and selling in weeks. But then other areas like like you mentioned, like Silicon Valley, for example. The home markets are weakening a lot up there. But then you go a couple hours from there into the mountains like around Tahoe, and the real estate markets nuts again. And even here in Southern California are mountains are called Big Bear, Big Bear and Arrowhead. I was gone. But I talked to people who were trying to go up there last weekend, and it’s about a two hour drive up a windy mountain road. And it was bumper to bumper traffic going up and down. Every single hotel was sold out. So people are flocking those areas. I have a friend who has they were just flocking there probably because

Jason Hartman 14:17
it’s cool. You know, it’s higher altitude, so it’s much cool. There’s there’s air conditioning,

Mark Moss 14:21
well, it’s part of that but also I have a friend who has got Vacation Rentals out in Palm Springs. And he said he turns away five to 10 people every single day. And so people are trying to do like kind of staycations and like get me out of the city. I’m gonna go to Palm Springs. I want to get away from people and get me out of the city. I want to go to the mountains. And so those areas even within like a Southern California or even Los Angeles County, certain areas are doing way better than others.

Jason Hartman 14:48
Yeah, no, it’s um, it’s it’s absolutely crazy. So the overall I mean, you know, some people are starting to predict like a real estate crash in 2021. A lot of people said it would be here by now. Right? But do you think that’s going to happen? Now, of course, we both know, and everybody listening has to know that there’s at least 400 local markets in the United States 400 essays. And within those NSA, there are many more markets than there are product types by price range, what you gave example of in your community, $3 million homes selling like that, you know, the rich are getting richer, we’ve all seen that this is a very uneven situation right now. But you know, just give us your general thoughts on where we’re going what to expect.

Mark Moss 15:32
Yeah. So you know, the, the thing that everyone needs to understand, and when I look at the comments on my videos, and I’m sure you see, the same thing is that there’s a lot of nuance, right, you have to understand, as I said, there’s no the market, there’s 400 markets, and then there’s sub markets and types and prices and whatever. So for example, the I think there’s going to be a lot of softening and what we call like the mcmansions, those might be the, you know, $500 million price homes, particularly through kind of the Midwest and the Northeast, as the baby boomers want to leave those types of homes and leave the cold, the snow and go for warm climates where they can play tennis and golf around. They want to leave expensive places to go to cheap places. So I think there’s a lot of softening there, because one, they all want to a lot of people want to leave those areas and two, we don’t have the population, the demographics aren’t there to move up and take those houses. So those types are going to be bad. But then in areas that have sunshine, 360 days a year, very cheap, low taxes, etc. I see starter homes, you know, the bread and butter, three bedroom, two baths, that could still do really, really well. So you understand there’s nuance to the market. But if I want to talk about the market, generally, I would like to address one very, very big misconception. Sure. This is the one that I see from everybody. And again, I’m sure you see the same thing. And everybody who’s listening probably right now is going marks an idiot. He doesn’t he doesn’t realize there’s 40 to 50 million people unemployed.

Jason Hartman 16:54
Here, Mark is definitely not an idiot, folks. So keep listening. Don’t Well,

Mark Moss 16:58
let me just say first, I do understand the economy sucks. I do understand there’s 40 to 50 million people unemployed I do. And I believe maybe even worse than a lot of other people that a lot of the economy might not ever come back. As a matter of fact, a lot of the damage happening to the economy might not come back. So I get it 40 to 50 million people unemployed, I get it the economy, people aren’t making money, I get all those things I get the real estate markets get more expensive, I get that. But let me let me tell you something different. So the markets, the stock markets, the real estate markets, the gold markets, and the economy have become disconnected. They don’t mean the same thing. And you can see this so for example, since the pandemic broke out the real estate market crash whatever 50% it’s now rallied back up over that. And now to new all time highs, wall 40 to 50 million people are out of work. How is that possible? when nobody’s going? No one’s buying anything. No one’s going to malls, no one’s going to dinner? How are these stocks through the roof? Well, that’s simple, because the stocks in them and the markets are disconnected. So that is proof that just because 40 to 50 million people out of work, the economy sucks. That’s proof that the also the real estate market could rally. And so you have to understand that the government, the Fed, the central banks, wherever you want to call it are putting policies in place to mitigate this. So there is definitely a probability that real estate crashes. And I do believe in lots of areas and different prices and types, it will crash. But I also think there’s areas that will do well and you can’t discount what the government intervention will be. So for example, they’ve already I’m so glad you said

Jason Hartman 18:32
that. Yeah,

Mark Moss 18:32
yeah, yeah, you can understand what the government intervention will be just like they’ve intervened in the stock market, they’ve pushed the stock market higher, and they can also push real estate up. So they’ve already done forbearance on on evictions, done forbearance on foreclosures, they could make it where nobody ever gets evicted, they could decide to just pay everybody’s rent for them. They could decide to give a bunch of money to the hedge funds, and have them start buying non performing loans. There’s a lot of things they could do to shore, this real estate market up to offset whatever damage is happening from the economy. And so you just you can’t ignore that.

Jason Hartman 19:08
Yeah, no, I completely agree with you, you know, everybody, you see all the talking heads out there. They’re saying this thing. So what happens when the stimulus ends? Well, I’ll tell you what happens when the stimulus ends. There’s another one after that. Okay. And then there’s another one after that, because everybody’s a Keynesian now, especially around election time. But even after that, if Biden gets elected, God forbid, okay, but if Biden gets elected, then he’s not going to want anything to be bad on his watch, especially at the beginning. So he’s going to dole out the goodies and Plus, he’s a democrat. So he’s going to dole out the goodies. And you know, Trump, Trump is going to do the same thing. It’s folks and uncle or rich uncle Jerome Powell, has said that he you know, he’s just made no bones about it. He’s going to just create money by Whatever security he needs to buy, buy whatever bonds, you know, he needs to buy, you know, they’re just gonna make it all better, they’re gonna paper over it, which means, well, I think it means inflation. I mean, classically, at least it does. But they’ve seen over VEDA that, to some extent,

Mark Moss 20:16
you’re absolutely right. And without dipping into politics, but you really can’t understand money without understanding politics. And so when you look at the left, that’s really kind of pushing that that side of the aisle, really what they’re pushing is is Marxism and, and they’re calling it, you know, equality and this and that. And so if those, if those ideas win over, and we’re already seeing more influence of that, that just means more stimulus going out to the people, that means more UBI. That means more help, more assistance, whatever. And so I believe, as you said, right, I agree that whether it’s Trump or Biden, they’re both going to do what they can to push the economy, same deal, but maybe with the left even more. And so like you said, I don’t see I don’t see at any point, they wake up in the morning and go, let’s live within our means. Let’s, let’s not create money, and let’s stop supporting people. No, they’re going to continue to do. So like Suddenly,

Jason Hartman 21:04
I had a, I had a dream about the Austrian School of Economics. And I think we should be prudent man have sound money, never gotten to happen.

Mark Moss 21:14
Never gonna happen. If nothing else, they’ve been emboldened by this, because now all of a sudden, they’re like, Oh, I guess we can print $6 trillion, and nobody seems to care. As a matter of fact, they like it if we just give them a couple bucks. So shoot, let’s go to 20 million or 20, I’m sorry, 20 trillion. And we’ll give them another 1200 bucks. Right? So if anything, I think they’ve been emboldened and we’ll see more of it.

Jason Hartman 21:33
You’re absolutely right. No question about it. What does this mean for crypto cryptocurrency? You’re You’re a Bitcoin fan. And I think you’re still a fan, maybe even more of a fan now?

Mark Moss 21:44
Yeah, of course. So you know, all of this. And I know this sounds a hyperbole, maybe for a lot of people. But I really believe that pretty much every problem all boils down to the money. Every problem we have boils down to the money. The divorce rate is high, because we don’t have a sound money. What are you talking about? That’s stupid divorces, because we don’t have sound money? Yes. Because without sound money, we have a divide between rich and poor. before when we had sound money, one person could work and you could have a house and a car. Now two people have to work and you still can’t get ahead. What’s the number one cause of divorce? Money, right? So money, everything boils back down to the money. So we can I made a video recently, and you have like a tree. And then you have all these leaves on the tree and all the leaves are all the problems. And we could sit here and talk about each little problem and how we solve each little one and, and nitpick on every on every leave. But at the root of the tree is the money. That’s the problem. Because what happens is there’s 300,000,300 30 million people in the United States, each one of those people are irrational. I mean, we’re rational in our own mind, or irrational to other people. We all have once needs and desires. Today, I want this thing tomorrow, I want something else. I don’t know why I just changed my mind. How do you coordinate 330 million people and their wants, needs and desires? How do I how does the market know that I want black shirts? And now I want white shirts? How does the market know that I used to like cars and I like trucks? How does the market coordinate all the materials and labor they go into building those trucks etc. And it’s done through money communication. Yeah. And what happens is when the Fed creates money creates currency, they distort the communication and now we get wrong signals. And now the economy can’t organize. And so what happens is now we have Jerome Powell and his 12 buddies sitting in a room, they’re trying to organize what 330 million people want, but there’s no way they’ll get enough data if they can’t do that. So central planning is always going to fail. The only way to have communication inside an economy is through money. And so anyway, Bitcoin fixes that Bitcoin goes to a money that cannot be manipulated. And so we could get accurate price signals accurate communication again, which I believe could then fix everything.

Jason Hartman 24:07
So why do you think that a cryptocurrency like Bitcoin has a better communication system than say the dollar? You’re just saying, because it’s got a limited supply of 21 million units? Right? Is that why it’s a better communication system?

Mark Moss 24:22
Yeah, exactly. So you know, gold was a really good communication system for a really long time. The problem with gold is that it’s it’s the its properties caused it to be centralized. It’s so big and heavy this put it in a vault and it was just paid for septic certificates. And once you centralize it, then you manipulate it. And the problem that back to your question is, how does it cause the miscommunication? Well, when you have money has a true cost of capital. So in order to get gold out of the ground, I have to spend money, time, resources, equipment, etc. There’s a true cost to bring that gold it’s about marginal. I can make you know the cost to bring it out of the ground is a little bit less than what it is on the market and the inflation that the stock to flow, the amount of existing gold and the new incoming gold, the inflation is predictable, and it’s very limited. So it’s a, it’s a, it’s a limited scarcity resource with the US dollar, there’s none of that. So what would typically have to happen is, in order for me to get some of your gold, I would have to provide you with a good or a service that you wanted. And then you would be willing to trade me some of your gold for my goods or services that I’m providing to you. But what happens when the government just comes along and says, Hey, Jason, here’s a trillion dollars, go have fun. They’ve messed up every pricing signal. And we can see this all throughout history. And I’ll just give you a super quick example of this. So way back in the Wayback in Africa, they used these beads for money. And they were called carry beads, and they were glass, their glass beads. In Africa, they couldn’t produce these beads very well. So there was there were scarce people made them, but it cost was very expensive at times for him to make them. And that’s what they used as money. Well, the Europeans came to Africa. And they saw how they were using these be these glass beads as money. And the Europeans were what much more advanced at that time. And they said, We can go make these beads in mass in Europe. So they did, they went home back to Europe, this is a true story is history. They went back home to Europe, and they made tons of these glass beads for super cheap, then they went to Africa. And they basically threw all those beads into the economy, they inflated the money supply. And they just bought up all their assets with fake cheap money. Now, that is what led to the slave trade. And now they the carry beads were then called slave beads. And it was all because of inflating the money supply with fake money. We’ve also seen this in Germany used to bomb other countries with with fake currency to inflate the money. Right. And so that’s what that’s that’s

Jason Hartman 26:48
why that’s why the former Soviet Union, and a lot of those Eastern Bloc countries would have these rules that you can’t leave the country with any currency. You know, you can’t leave it and you can’t bring dollars in, you know, they didn’t want you to pollute their stupid closed system, because it would mess up their central planning ability. But people around the world mark, they look at the dollar is that thing you know, that’s the one go to currency, right? Is that changing with the rise of Bitcoin over the last 10 years?

Mark Moss 27:22
Well, what’s changing with the rise of Bitcoin over the last 10 years is education. And all of a sudden, people are now interested and they’re learning. And so really, I mean, I know this goes a little bit deep, and people have a hard time receiving this. But really, if you look at the creation of the Federal Reserve in 1913, and they created this fake money, and they’re like, well, everyone’s been using gold as money, how are we going to get them to use worthless pieces of paper that we can create as much as they want. And so they said, I have an idea, what we’ll do is we’ll create the Federal Reserve. And then what we’ll do is we’ll make people work all year to collect these fake pieces of paper, and then give them back to us at the end of the year. So they

Jason Hartman 27:56
created this. Yeah, that’s what that’s why they had to create the IRS right after the Federal Reserve,

Mark Moss 28:00
by the way, exactly. And then what they’ve done is they’ve partially purposely left out education about money, but even lied to you about what money is and how the system works. Now, Henry Ford famously said, I love his quote, he said that if the people understood the banking system, there will be a revolution overnight. And so people have been purposely misled or lied to about what money in the dollar is, they don’t understand what money is. I mean, if you ask people what money is, they really couldn’t give you an answer. Oh, it’s $1 in my wallet that I know and and so people don’t understand what it is. If they did, they would wake up to it. And so Bitcoin has created this thirst for knowledge. And really the internet as obviously helped that. And as people start learning, they’re like, what the heck, what are we doing? This is ridiculous. And that’s really what’s changing things.

Jason Hartman 28:51
And that’s good news. That’s good news. For sure. Okay, good. Well, anything else you want to go over? Just in general, like, you know, any any kind of points, you want to drive home? A question I didn’t ask you, you know, about whatever topic what what’s going on in your mind? And what are you doing on your videos?

Mark Moss 29:07
Well, I think the big thing that I really talked about on my videos is that as I just kind of alluded to, right, the education system has misled you at best and lied to you at worst, the system is not there to support you. And again, this might be hard for a lot of people to to receive, but what you’ve been taught about health is wrong, what you’ve been taught, taught about health care, it’s wrong. We’ve been taught about money, it’s wrong, what you’ve been talking about, everything is wrong. And so really, I just love to share information to just empower people and encourage people to go and learn and research on your own. because no one’s coming to save you. It’s really up to you. And just like what you’ve always said a lot, I say a lot as well as that, you know, money goes where it’s treated best. And so as you started the opening with I mean, I’ve had two recent trips to Mexico, I’ve been looking at real estate in Mexico. I’ve been looking at real estate in other parts of the country. And so I think it’s just important for people to pay attention to what’s going on the politics and the policies in different states in different countries. And really just observe what’s happening so that you can position yourself your wealth for your family, you know, for long term success.

Jason Hartman 30:17
I agree. I think that’s a great point. And you know, maybe you think that you can’t do it. Now, when I lived in Orange County, I lived in Irvine and Newport Beach in Southern California, when I lived there, I wanted to leave for many years, it took me a long time to kind of get the guts to do it to get my business together to where I could do it. But I finally did it. And you know, just make make a plan to get into a place where your money is treated better. And remember, your money is just an exchange for your life. It’s your time, that’s all you have. That is your entire existence is the amount of time you have. So when when the state whether it be a state or a federal government, I just mean the state, conceptually, the political state, when it takes your money, it’s taking your time it’s taking your life. So you’ve got to minimize that burden to whatever extent possible. That’s very important. So so make a last thing. Last thing

Mark Moss 31:11
I’d like the last thing I’d like to say today, and what I really pound the table on as well, is that I’m sure a lot of people listening to this also are like, Oh, that’s ridiculous. I would never buy bitcoin, I would only buy gold, or no way I’d buy real estate right now. And then they have all these kind of preconceived notions in their head and reasons why they don’t do or don’t like a different assets. But you have to understand that our job is not to pick the one thing that’s going to perform best for us. Like you don’t just have one choice, like why not own gold and Bitcoin? I mean, maybe you own a lot more gold because you believe in a more maybe you only have one or 2% Bitcoin, but why not hopefully own a lot more real estate. But yeah,

Jason Hartman 31:47
whatever, or what, or whatever it

Mark Moss 31:49
may be, but like yes, have real estate, have some stocks, have some gold have some Bitcoin? And and, and be well rounded. And that’s why I said right, like, take the time and observe and what’s going on. And it’s not about choosing the one right thing like build yourself a nice, rounded portfolio.

Jason Hartman 32:04
Yeah, good stuff. Mark, give out your website or YouTube channel or whatever you want people to know.

Mark Moss 32:10
Yeah, I mean, the best place to keep up with me is just YouTube. So just go to mark moss just on YouTube. And then I’m super active on Twitter. So it’s just the number one Mark moss. And so I do videos couple times a week, three videos a week on YouTube, if you like these types of topics. And then and then like I said, I’m super active on Twitter.

Jason Hartman 32:25
And they are excellent, by the way, so keep up the good work. Mark moss, thank you so much for joining us again. Thank you.

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