35 Burst results for "$80"
ToddCast Podcast with Todd Starnes
Caller: Large Crowd Was Very Engaged for President Trump in Waco
"At the rally Saturday. I understand. Tell me about it, please. Yes, sir. I was at the rally and my mom got there about 5 a.m. and already there was about a hundred people in line and hundreds more coming in and it was just very enthusiastic crowd. We ended up being about 7 rows from the stage and just a great crowd of people and a good rally. What do you say to those supposed know it alls who say that mister Trump's popularity is lacking these days that the crowds are not as enthused, they're not as large. What would you say to them? I would say it was still a very, very large crowd and I would say that the poll numbers are fine. There was about, I would say 8, 8000, maybe 10,000 inside the gate and then however many thousands outside that were there. And again, it was 80°. And just very, you know, sports going on and I like him is primarily conservative, but it was in a more liberal part of town and so to bring that many people out, I mean, that was still incredible numbers. Based on your experience that day, are you even more of a supporter of president Trump than you were before? I mean, did this experience lead you to fight even harder for his election again? Oh yes, yes. I was already, I don't think I could get much more enthusiastic than I already am, but yeah, for sure. For sure. Benjamin. Go ahead, finish your thought, I'm sorry. It was just a very enthusiastic speech and I think one of his best ones yet and he was very got the crowd very engaged
The Dinesh D'Souza Podcast
Danielle Unpacks the Left's History of "Grassroots Movements"
"Anyone with the faintest recollection of the Bush era knows that the left took great pride in the fact that they were a grassroots movement. In those days, the right was criticized for being controlled by big money, the oil industry, Wall Street banks, the defense industrial complex, conservatives were told that they were not expressing authentic ideas born of a sincere intellectual movement, but were using deceptive reasoning to surreptitiously make the case for the richest and most powerful segments of society. We were described as the opposite of grassroots. We were described as AstroTurf. Being organic and grassroots used to be a big part of leftist self identity. It was a carryover from the anti war protests of the 60s and early 70s. Liberals were proud of the fact that they represented a break from establishment orthodoxy. They reveled in their status since the scrappy street smart activists struggling in the name of the downtrodden and disenfranchised, which if you think about it is perfect cover if you want to increase suffering and inequality in the world. Especially on the downtrodden and the disenfranchised. It's easy to see this is the case today. Just look around at the havoc caused by leftist policies and politicians. Getting rid of police has led to massive increases in crime and blue districts, which necessarily means you have more crime victims in the very heart of areas where Democrats have their strongest support. It's almost mind-blowing today to see how a Democrat president and the massive majority of Democrat politicians support our current current Ukrainian and interventionist policies after literally half a century of lambasting those very same policies in Korea, Vietnam, Iraq, and Afghanistan. It's also shocking how the left has not only discarded their anti corporation Cred, but did a complete one 80 to openly advocating for corporate feudalism.
The Trish Regan Show
Dave Rubin and Trish Discuss Biden's Drilling 180°
"Joe Biden just did like this huge one 80 on climate. I mean, excuse me, is this the same guy that sat there in the debate and said, absolutely no drilling, no drilling. We're never going to drill on federal lands. And now, what do you know? He's got his willow project up there in Alaska, $8 billion with ConocoPhillips. I mean, look, I'm all for it because I think you need as much energy as you can possibly get it. It was kind of foolish to wind up in the situation that we're in in Ukraine without having a backstop of U.S. energy, but this is not going to go over well with the base in his party. Now is it Dave? Well, it's so interesting because nobody really knows what Joe Biden believes anymore, right? Like, so when he said the no drilling thing during the debates. It's like, okay, I get it. You're playing to the base on that one. And you'll probably moderate when you're president. Now that sort of seems like what he's doing in this case. But who knows what he really thinks when it comes to climate change? Does he honestly think anything related to any of this or is this that the inmates in essence are running the asylum? And every now and again, it gets so crazy with the progressives that we're going to have to completely destroy the economy and the name of AOC's Green New Deal and whatever else they're trying to push on us and the ESG stuff and all the diversity and equity stuff. Every now and again, it gets so wildly out of control that whoever is pulling Biden's strings, whether it's doctor Jill Biden or whoever it is over there, whether it's Barack Obama or who knows, they somehow get him to moderate just a tiny bit at moments. And that's what this one strikes me as. So of course we can not completely abandon American energy. We should have never been doing it in the first place. I completely agree with you. I mean, we should be drilling more and more. We should be really the planet's number one exporter of this stuff. And instead, we are constantly just kneecapping ourselves. And, you know, unfortunately, that's just consistent
ToddCast Podcast with Todd Starnes
Robyn Pfaffman: A Trump Indictment Will Only Raise His Popularity
"At this hour at the NYPD erecting the barricades a place you've been as a reporter many, many times before. Talk about it. Wriggling brothers, they say that the circus is gone. This is the new circus. What a joke. The whole thing is a joke and it's going to backfire. You know, it's funny because a lot of liberals I know are so excited. Oh, Trump is the first ever of a former president going to be indicted and arrested in a mug shot. Listen, they still don't understand this guy, Todd. This is an 80 year old man, okay? He doesn't have that many years left. He's never been arrested. He probably thinks it's funny because the whole thing is going to be tossed anyway. These cases are beyond the statute of limitations for one. Number two, I'm dating myself, but does anyone remember when Bill Clinton paid off what's your name there? And Paula Jones, Paula Jones. 8, $800,000 and the nose dropped. She got wasn't even that great. That was a bad nose job. Yeah, she should have spent some more money on the nose job. Anyway, TS, we're dating ourselves here, but did anybody care about Bill Clinton spending the same money? The hush money. No, nobody cared back then, and it was, you know, is 7 or 8 times the dollar amount. This is a circus brag is going to backfire on him, the charges are going to go right into the circular file. The fed didn't want to try these cases. There are lumping in the hush money with a federal case trying to tie it all together. It's a bunch of hooey. It's going to go nowhere other than raise the popularity of Donald Trump.
The Charlie Kirk Show
What Dr. Daniel Amen Learned From Analyzing Thousands of Brain Scans
"Important lesson from 83,000 brain scans. What is that lesson, doctor? What is the most important lesson that you derived from now? I think it's what, 247,000 brain scans, right? I mean, it's much more than that now. Is you are not stuck with the brain you have. You can make it better. And I can prove it. And we've done thousands of before and after scans. I do a series on Instagram called scan my brain. And about 16 months ago, I scanned Major League Baseball player, Troy gloss, who's the 2002 World Series MVP. And despite a lot of terrible and for concussions, he was drinking too much. He had lots of dark thoughts, he was suicidal. And I did his third scan last week, and it looked dramatically better. And he's dramatically better, which not only impacts him at impact. So he saw a correlation, you see the healthier brain, you also see symptoms improve and it's proof that this is 99% of the profession is missing it. And it's a long-term play. So it's not just, oh, let me give you this medicine and you're less depressed. Let me get your brain healthy. So long term, you have a dramatically decreased risk. For Alzheimer's disease. And I turned 69 this year. And one statistic that just horrifies me is 80 is 50% of people 85 and older will be diagnosed with dementia, or Alzheimer's disease. And I'm not okay with that, right? It's more normal to be demented that not to be demented. So as I take someone in their 20s, 30s, 40s, 50s. The idea is not to just get them symptom free to get them to fall in love with their and keep that healthy for the rest of their lives.
Unchained
Jim Bianco on Why the Banking System Has Always Been Broken
"We've seen three bank closures in quick succession. It seems each of them had different causes, but since you're a macro expert, I wanted to ask you about one of the causes that has been much discussed, which is the current high interest rate environment. Do you think that that played a role in if so, what was that role? No, I think it played the primary role in what's been happening. I'm going to use a fancy term and then I'm going to try and define it. This is a liquidity crisis, not a solvency crisis. Now, what does that mean? This is nothing like 2008. In 2008, banks made loans and they bought securities, then they lost a ton of money on them. And they were unable to meet their obligations because of losses. In 2023, banks made loans and they own securities, which were largely good. There was no real problem with security. I know people are trying to make a big deal about this unrealized loss, but that's not a real problem. What happened was everybody wanted their money back on the same day. And a bank can't turn to a loan in a mortgage and a bunch of securities and sell them all in the next four minutes and raise cash in order to meet those obligations. This is what costs these banks to fail. If you want a better explanation of this, go watch the bank run and it's a wonderful life. This is exactly what happened in the 1930s. So this is from 80 years ago. What's going on in the markets? This is not from 15 years ago. It's a liquidity problem. It's not a solvency problem. Now that I've defined it, the problem was interest rates. In both directions, both zero interest rates for 14 years, I think was the bigger problem in raising of interest rates. What happened with banks coming into a year ago was they had enough deposits. They didn't need any more deposits. So when the fed started raising rates, you might have noticed, I have noticed that your bank never raised your rate. Your savings account, you're checking account are still somewhere near zero on your interest rate. A lot of people think that that's because they're supposed to be there. No, they're supposed to follow the market. You're checking account should be giving you 4% on your money. Your savings account should be giving you 4% on your money. It's not. And that's because the banks didn't need to attract any more money.
Bitcoin Audible
Lightning Prisms by DerGigi
"Let's get into today's read. And its titled. Lightning prisms. Written by their GT. One aspect that is still massively underutilized is the programmability of Bitcoin. While simple things like scheduled payments and automated payment splits do exist, we are undoubtedly still trapped in conventional thinking when it comes to the flow of sats. I'd like to share a simple idea that was shared with me a couple of months ago in the hopes that it will spread far and wide. And in the best case that someone will just go ahead and implement it, or a better version of it. Here is the idea. All credit to mister Cox, who is now officially out of time to implement it himself. And here he has a graphic of two prisms separating and splitting up payments in a sequence. It starts with blog post at SAP prism dot com, and then the payment splits 51% going to cucks 28% going to dur Gigi in 21% going to activists at HRF dot org or the human rights foundation. But then there is another payment split, another prism off of activists at HRF dot org, where 5% goes to someone at HRF, 5% goes to another one at HRF and 5% or 80% goes to at any one at HRF dot org. Lightning prisms a lightning prism is a construct that allows for lightning address value split workflows to quote the originator. Here's the gist of it. A prism is identified by a lightning address or similar. A prism has one or more multiple recipients. Another prism can be one of the recipients, splits are defined programmatically. This simple construct allows for all kinds of use cases and can be implemented on the application layer without any changes to Bitcoin or lightning.
ToddCast Podcast with Todd Starnes
Sen. Bill Hagerty: A Failure Like SVB Would Not Happen in Tennessee
"Senator, that again, we're dealing with startups and the problem was 90% of the companies that had business at the bank were well over the $250,000 Mark, but many of these startups, it usually takes months if you're going to a main line bank to get the approval process and it was just taken about a week or so at SVB, so no wonder they were in such disarray. Yeah, SAB has a very different business model than most traditional banks. I mean, I've served on bank boards in Tennessee, we take a very conservative approach to banking in Tennessee, as you might imagine, this type of situation would not have occurred. I don't believe with any bank in Tennessee. But when you get to the core of what happened here, the management team should have been managing their investment portfolio. What happened was they were taking in a tremendous amount of deposits. They went from a $70 billion bank in 2019 to 211 billion in 2022. They weren't in a position to prudently lend that money out. So what they started doing is buying safe securities, meaning they're buying treasuries, mortgage backed securities that are backed by the government. But to get a higher yield on those, they were going further and further out in terms of the duration of those securities. And so when interest rates start rising dramatically as they did when the fed steps in to try to fight back this inflation that Joe Biden has created, they find those securities underwater because the security that's paying 1.5%, which is a lot of that was in their portfolio. Now that rates are up at 4.5%, you're going to get somebody to buy that security from you today. You're going to have to make up that difference by discounting the value of that security, meaning it may be worth 90 cents to the dollar 80 cents in the dollar 70 cents in the dollar. That's the size of discount. You'd have to get in this environment to want to take that 1.5% paper over the option to make four and a half percent if you just bought short term paper today. So that
The Dinesh D'Souza Podcast
Dinesh Exposes the IRS As a Rip-Off Operation
"Recently, the GOP led House of Representatives repealed a congressional provision allocating almost $80 billion to the IRS to over ten years, hire a whole bunch of new agents and the House Republicans said, listen, you don't need the money. You're going to just use this money to badger harass and rip off the taxpayer. And I want to focus on a particular case that seems to show the IRS doing exactly that. I know about the case only because it wound its way up to the Supreme Court. And the Supreme Court basically weighed in and slapped down the IRS for imposing really a ridiculously excessive penalty on a guy for not reporting his foreign bank accounts. Now, here's what let's go into the story a little bit because the guy, his name is alexandru, bittner. He was born in communist Romania. He moved to the United States when he was a young guy. But then when the Soviet Union collapsed, he moved back to Romania from 1990 to 2011, so he lived in post Soviet in the post Soviet bloc for about 20 years. Now he was a really successful guy. He had a bunch of businesses, and he opened up a whole bunch of foreign bank accounts. Then later he moves back to the United States and he discovers that he is required as someone who has these foreign bank accounts simply the file a report. With the IRS noting that he has these bank accounts. He says I didn't even know I was supposed to do that, but he hired an attorney and the attorney said, I'll prepare the documents for you. And so he filed them. Now the IRS basically said that this guy did not file these timely reports. For 5 years, 2007 to 2011. Again, reports that you didn't know he needed to file. And so the IRS decides to fine him. Now, the correct amount to find him because apparently there were 5 years and he didn't file a report for 5 years, is $10,000 per year. So the amount that they could find. And remember, when you don't know there's a law, it doesn't excuse you from having to follow the law. You still have to do it. And so the IRS should have probably fine this guy $50,000, which was a small fraction of the total amount of money in those accounts. He could easily have paid it. But the IRS decided not to do that. They decided that for each account that he didn't file a report, it's a separate violation. And it needs to have a $10,000 fine attached not to each report, not each annual report, but to each particular account and because this guy had a whole bunch of accounts, it turns out that the IRS stuck him with a penalty, let me look for the actual number here. It was a penalty of $2.72 million.
ToddCast Podcast with Todd Starnes
Donald Trump Reflects on Last Election Against Joe Biden
"Some audio, by the way, of a president Trump, also a talking about Joe Biden cut number three. We had an election that was not a good situation, not good at all. You've seen a lot of the reasons where it's a disgrace. We got more votes than any sitting president in history by a lot. By millions, we got 75 million votes more. That's what they report. They say the other guy got 80, I don't think so. I don't think so. He did one hell of a job from his basement.
The Trish Regan Show
Biden Gives Green Light to $8 Billion Alaska Drilling Project
"This week, the Biden administration officially approved one of the largest ever drilling projects on federal land. They want to go up to Alaska and get 600 million barrels worth of crude. This would be an Alaska's north slope. I guess this means he didn't really mean what he said back when he said no new drilling projects. I remember that. Do you remember that? In fact, he was on stage with Bernie Sanders and they were debating and I quote, he said, no drilling on federal lands. Number one, no more subsidies for fossil fuel industry. No more drilling on federal lands. No more drilling, including offshore. No ability for the oil industry to continue to drill. Period ends. So much for that. He did an interview with The Daily Show trying to justify all this. Well, first of all, we're going to fashion anyone's ever gone. We're going to need fossil fuels for at least the next ten years. It's not like tomorrow. We can turn it all off. Okay. Number one. And so we're going to need fossil fuel. But we have to do is we have to I've said no more drilling off our ocean. I mean, a whole range, but it still has to be there has to be the ability to generate some energy. I mean, I don't even know what to say. Other than Joe Biden has grown up. Joe Biden has become an adult. I mean, it took him until he was 80, but he's now officially an adult. He recognizes the EIT and wave a magic wand and suddenly have a whole EV economy.
CRYPTO 101
Banks Fail While Bitcoin Rips
"It was a monumental weekend. We saw it today, one of the largest moves in rates we saw Bitcoin as well move back up to 25,000. We saw the USD C stablecoin D peg down to something like 80 7 cents or something at some point while I mean three or four crypto banks just got literally a sawed off shotgun blown to the back of the head. Sorry, but it was a brutal takedown in a very coordinated effort. And some were still here in Bitcoin's at 25 K so pizza mine, what do we make of all this? I just finished a podcast recording earlier with erbil karaman from cumul finance, and in that podcast I said the game is rigged. So while it looks like the American government is completely anti crypto. And they don't want innovation on their soil. The actual opposite is true. And they're doing everything in their power to hold their legs around this industry that is just running a million miles an hour. And we know freaking old people in the government just can't keep up and they're saying, we don't want this to get away from us. We want to be able to participate. We want to keep control of this. But we're not ready. And the crypto space is saying, we don't need you to be ready. And we don't care about you. In fact, we were invented to fix all the problems you have created. So screw you. And they're saying, no way. So, here's what I'm seeing happening right now. We're seeing a coordinated effort to try and crash as many young startups as possible. So incumbent institutions can buy them up for pennies on the dollar
The Charlie Kirk Show
What Charlie Learned From His Visit to UC Santa Barbara
"Last evening, I gave a speech at the University of California Santa Barbara. Here's the good news. You want some hope for America. We could not find a room big enough to fit all the students that were interested and curious to attend our event. We had to turn away anywhere between 80 to 200 students last night. Now that's upsetting in one sense we should have been able to get a bigger room, but to the credit of University of California, Santa Barbara, they were accommodating. We got the room. The microphones worked, which sometimes doesn't always happen when you go on college campus. They deserve credit for that. It's very interesting. Not only did I visit and give a speech in the evening, I embedded myself right on the campus itself. By the way, this is the number one news story right now at The Daily Beast. It must be a very slow news day. Where Charlie Kirk speaks at California university and clashes breakout. Okay, that's a little bit of an exaggeration. So I set up a card table for two hours on campus yesterday, and I just asked questions. But any topic that they want to explore, certainly attracts interest and curiosity, but the first hour and I'm there for about two hours. They've never had an opportunity before to have robust, rigorous, dialog, or debate with a conservative who has thought deeply about these issues. Now, I'll give credit to actually the students at University of California, Santa Barbara. They are not stupid. I have done this all across the country. They are actually some of the more knowledgeable and I would say on top of the issues students. I would even go as far to say they were almost smarter than the UC Berkeley kids, to be
America First with Sebastian Gorka Podcast
'First Blood': The First 80's Action Movie
"I think I'm going to have to do this now and again there are moments when I have to just geek out. So it's a perfect place to do it. We've noticed him falling out of the tree. He manages to suture himself up. How does he manage to suture himself up because of this costar of the movie, which is his knife? Soon, we'll see the scene of him with teasel. This is an iconic image of the whole movie after he's downed all the other members of teasers team. He just comes out of nowhere out of the dark, puts this massive knife up against his neck and he says, don't push it, right? Leave it, drop it. What is that knife? Well, when I was a kid, I wanted that knife badly. It was designed by this man, Jimmy lyell. That's the knife. That's sly with Jimmy. A legend and utter legend in the industry. I bought cheap Chinese knock offs when I was 14 years old, and then eventually when I got to a certain age, I afforded myself a real one. And here it is. I brought it into the studio. We're going to geek out. This is one of the knives made by Jimmy lyell exactly the same as the one that sly used in the movie. They took the classic U.S. Air Force survival knife, doubled the size, hollowed out the handle. You've got the compass that you see him using the movie. You've got the sutures. You've got the needle and thread, the fishing line. So the only difference between boys and men are the price of their toys, Chris. It's such a cool prop. So that was an actual produced product before the film. No, no, no, no, no. No, no, no. No, no, no. That was made. Sly went to the most famous knife custom knife maker and said, we need to come up with something that's iconic that he could have as his only weapon. That became the first blood knife and then Lyle made one for each of his movies, so
America First with Sebastian Gorka Podcast
Sebastian Describes a Powerful Moment In "First Blood"
"Of favorite moments you can pick in the movie. There's one moment that's incredibly powerful. I don't know if you agree and it is with dinner he and Caruso. That moment when I think we've got the footage or the B roll of the helicopter incident when gold has fallen out of the helicopter because he's an idiot. He didn't have his safety harness on. Rambo throws The Rock at the helicopter, spooks the pilot. He falls out only death that we see on screen in the whole movie, by the way, the only death even teasel survives. And then that moment, just a little bit of the FiLMiC touch here when Rambo goes down into the valley into the gulch. And goltz body is splayed on The Rock. Did you notice the steam coming off the body? I mean, somebody had to think about that and somebody have to work that out. The prop master had to work out how we're going to have, yeah, he's a warm body that's just oozing blood over this rock, but we're going to have steam coming up. It's really kind of like mythical. And then he pulls up the face of the bloodied man who was trying to murder him. And then later, dinner he comes down to the body. Caruso makes some quip about, you know, this war hero, Rambo, with his Medal of Honor. And I don't know how they do this in movies, but he then he grabs Caruso by the hair. He's not faking it. He grabs him and he puts his face into gold's dead body and he says, you know, we were hanging out with each other when you were wiping your nose as a little kid.
America First with Sebastian Gorka Podcast
Chris Kohls and Sebastian on Sly's Performance in "First Blood"
"Is John Rambo. We served on the same team together in them. I don't know if they ever talked about me. I've got a picture. Of us together. Somewhere. We'll just jump in the box. Here. Here it is. Do this. That's me. That's damn forth. And what's more? Bronson, Ortega, and there's a delmar right in the back. We had to put it back as he's so big if we didn't eat. He didn't cut the whole picture. They got big. What time will he be back? He died. What? God last summer. Died how? Cancer? Brought it back from there. All that orange stuff that spread it around. Cut him down to nothing. I could lift him off the sheep. For me, I've seen it so I don't know if 30 40 times for me that line Chris cut him down to nothing. I could pick him up. I mean, just so powerful. And this scene isn't even in the novel, the novel starts with Rambo walking into the town and teas picking him up. So credit to the script writers also, again, just like rocky, whether it's this scene, the sudden shock, what? He's dead. And compared to the end scene where he literally has a mental breakdown in front of colonel troutman. I'm sorry, slice of bloody good actor. Yeah, he really is. Actually, that scene that you're talking about that final scene, such a beautifully acted scene. And how they bookended the film with the moment that he first realizes his buddy has died of cancer. And the moment where he's sort of at his wits end and Trump is trying to talk him down and he breaks down crying. Sort of holding troutman as if troutman is his father or something, you know? And it's really a beautifully performed scene. It really does evoke emotion. Troutman's holding back tears himself, and you feel like, yeah, this guy does deserve something. He does deserve a second chance. He does deserve sympathy. And from what I understand in the book, Rambo is more of an animal. He's more animalistic. He kills a killer. 200 people in the book.
America First with Sebastian Gorka Podcast
Chris Kohls Unpacks Brian Dennehy's Performance in 'First Blood'
"Love Brian dennehy. Just a guy who didn't get enough recognition. If you like him, check out the incredible movie gorky park with John Hurt as well, an amazing thriller based in the Soviet Union, talk to us, Chris about Brian Dennis, he's performance. Well, Brian Dennis, in this film, it's such a nuanced character. Yeah. Because he's not necessarily a bad guy. His buddy is more his worse than he is. The guy the guy who falls out of the helicopter. At the beginning, exactly right. But he is essentially the instigator of everything that happens in this film, like he does push Rambo as Rambo says he pushed me, pushed me. Yeah, he's pushing him. He's being a bit of a jerk, you know, at the beginning of the film. And you know what there are guys like that in the police force, right? This is where you get the whole concept of police brutality. Right nowadays, we only talk about police brutality when it's about Black Lives Matter and stuff like that. But since the dawn of time, you give some guy's guns and you say protect the public and there's going to be a few guys who want to abuse that power and nobody likes those guys. We can all relate to Rambo. I think we've all had situations where there's like many, many guys against us or many people against us and we think, man, you just love to go to war with all these guys. And Rambo can do it. So Rambo is kind of like, you know, you're living vicariously through him, standing up against this large group of men and he can actually take them all out, you know? You need a villain like dennehy. You need a guy like that who can really piss you off. Even though he's not necessarily a bad person, he does piss you off, you he makes you hate him. Despite the fact that he's not maybe the worst guy in the world, but you think a little bit, maybe he deserves it. And that performance is just beautiful.
America First with Sebastian Gorka Podcast
Sebastian and Chris Kohls Take a Look at "First Blood"
"Enjoy watching first blood? You know what's funny is I wasn't really looking forward to it. The reason I wasn't looking forward to it was because I thought I had seen this movie maybe ten times. But I realized that I'd seen this movie maybe ten times in this sort of TV version where it was like cut to pieces. You know, they used to like wash these things up for TV for family viewing in the 80s. And I probably hadn't seen it since I was, I don't know, ten, 11, 12 years old, something like that. So it has been such a long time since I've seen it. It was like watching a movie for the first time again. And you don't really, we watched these movies that we know our classics, modern classics, we consider them, right? And we don't necessarily remember why, or at least I don't always remember why. I just remember as this sort of iconic film from my childhood. But watching this again, you realize there's so much that modern cinema owes to this movie specifically. Like this was the kind of like the first modern action film.
Bitcoin Magazine Podcast
"$80" Discussed on Bitcoin Magazine Podcast
"If the growth and night light was approximate to the growth in GDP, that was a positive indicator for the study. It meant that you were somewhat truthful, like at least it was in the ballpark, right? What they found in autocratic countries was that it was 40% off. It almost aligned in European America, of course, was almost what you'd expect, right? We might increase by the same pace, the same rate that the economy increased. But in the case of China, the night lights. And this is when I peer reviewed whatever the hell that means these days. But this is a University of Chicago thing and people take it seriously. And what they saw was China has been misreporting GDP growth by 40% a year. Not only are they not in a position to fight America for global dominance in the economy. They're not even a position to survive. So perception has a lot to do with what's going on now. It's just satellites talking about if people have a yard light or something. So it's not really hard science, but it's clear that they're not as rich or as populous as they thought, as they said they were. So it's hard to trust any of this data, but good thing it's being tracked and followed and we're looking at it because big things are happening there. And it could change the whole world. We saw the evergrande guy, right? The real estate sector, like apparently no one's paying their mortgages over there. Again, a lot of this could be economic warfare propaganda. And no one's going to mortgage. You hear that in America. Is it true? I bet. But the ever grown guy, I remember that was the big loss last year of the hedge funds, the real estate hedge funds. This is one of the big Hong Kong funds that was all about exposure to Chinese real estate, all kinds of money. The guy jumped out of a window this week. He's dead. He's gone.
Bitcoin Magazine Podcast
"$80" Discussed on Bitcoin Magazine Podcast
"Using those type of terms because the amount of money 80 trillion is, is I don't think people can comprehend. There's no way to comprehend it. So what I did was, and this is something I found on Twitter, and I'll read it now. This is from the chat GPT, the AI thing that everyone's using. But when this number came out, someone asked it, explain this to me like I'm 5, right? So here's what the AI said. Okay, the bank of international settlements is like a big bank for other banks. They have noticed that some companies that are not banks have a lot of money that they borrowed from other banks. This money is not on their books, which means they are not showing it to anyone. It's like a secret. These companies owe the banks more than $80 trillion, which is a very big number. The money is in the form of something called FX watts, which is like a special kind of loan that uses money from different countries. So in the end, is this like a bunch of X coin held in collateral that is trying to suggest they have long. Is that what's going to happen here? Is the whole thing just FTX? Is that what's going on? Is the BIS just like this big offshore, not a bank. Some offshore mailbox, basically. There's no accounting, right? If they're missing 80 trillion, they're not accounting. So that's a good point. The entire system is based on trust, right? Because you credit, first off, credit has trust like inherent in that. And you had to trust your counterparty and all this. And so when we have these liquidity events or even if banks get a whiff of someone being insolvent, that could lock up the entire market. And if these things are, you know, 30% overnight and 70% a week or less of $80 trillion market. I mean, it is, so I'm just a stupid lawyer with some business education and some science education and all that, right? I'm not a fancy economist. So I'm just a stupid lawyer, but what I know is if you're not measuring, you're not managing. It's like a simple outage, right? They learn in all the business schools. If you're not measuring, you're not managing. These guys are not measuring shit. Nothing. If they can't account for each $1 million, what the fuck's going on. Well, that's a good point. I mean, the central banks aren't measuring it. So that's a good point. The central banks aren't managing it. So they're not really in control of it. But you know that each bank, each individual bank knows how much business they're doing, it's just not in the traditional accounting ways. So they're not reporting it in the same ways. And the fed is not looking at it. The regulators aren't looking at it, it is completely shadow banking system. And so these are dark pools of liquidity that we don't even know about, right? These are just little dark pools of liquidity instead of an exchange. I mean, in the end, that's what FTX was. It was just a dark pool of liquidity. It was not an exchange. I mean, literally not marketing and what represented themselves up.
Bitcoin Magazine Podcast
"$80" Discussed on Bitcoin Magazine Podcast
"So yeah, the BIS comes out with these quarterly reports. And this was a feature. And while these quarterly reports have usually maybe two or three, yes. Let's let the viewers know what the BIS is first. Bank of bank of international settlements. It's in Basel and they are kind of the home of international banking regulations that most countries sign on to to regulate their financial systems in these countries. So people call it the Central Bank of central banks. It's not exactly that, but that's pretty close. And they also do a lot of good academic work. They have teams that write a lot of working papers and stuff. So very interesting. Every quarterly report, they have a couple of these features featured articles that come out and this one was one of those for, I guess it would be Q three of this year that just came out. And yeah, so the title of this is dollar debt in FX swaps and forwards. Huge, missing and growing. So Chris, could you bring up slide number 9? I just have some text to go through. So I'm going to read a lot of this, but I do have some screenshots for you guys to follow along with on YouTube and on rumble. So here we go, FX swaps forwards and currency swaps create forward dollar payment obligations that do not appear on balance sheets and are missing in standard debt statistics. So what they're saying is, you know, if you take out a dollar denominated loan, that bakes in the cake, demand for dollars in the future because you have to pay off that dollar denominated loan with dollars in the future. So yeah, these FX swaps forwards and currency swaps create forward dollar payment obligations. Let's continue here. So non banks outside the U.S. owe as much as 25 trillion in such missing debt. From up from 17 trillion in 2016, non U.S. banks owe upwards of 35 trillion. Much of this debt is very short term, and the resulting rollover needs make the dollar make for dollar funding squeezes.
Bitcoin Magazine Podcast
"$80" Discussed on Bitcoin Magazine Podcast
"Never heard that form of analysis, but it makes more sense to me because I've been fed the problem for years now by a lot of bitcoiners, right? Who say, oh, there's no demand for T bills and who cares? Government debt. But when you mentioned the collateral piece, of course, that's the main selling point of Bitcoin in the future as the greatest, most pristine collateral ever invented ever available, right? Yeah. Exactly. Yeah, I think Bitcoin is pristine collateral. Nick bhatia layered Bitcoin. He is real famous for being the first one to call it pristine collateral. So yeah, I think that that is definitely one of the biggest selling points for Bitcoin. And it has no counterparty risk. So it's pristine collateral, just like gold was, but it can be sent over communications channel. So it's pretty amazing. All right, let's go on to the next one. Next chart is S&P 500. We can kind of go through this one a little bit faster, but you can see this, I had to break this into two charts because I didn't want it to be too busy, but again, it hit that trendline, and it's coming down, but it is sitting on support. If you go to the next slide, please Chris. This is the S&P 500 with these moving averages in here, and you can see it looked like it was going to break above the 200 day moving average kind of came back down once it hit that trendline that we saw in the last chart. And now it is sandwiched between the 100 day and 200 day. We'll see how this ends up, but it does look like it is in a nice consolidation in a coiling. You know, it's coiling. It's getting ready to spring. And I think it's possible that it springs higher. This is kind of separates me from a lot of analysts out there. Everybody's on the recession train. Everyone's on the bear train for the stock market. And I'm not. I think that the way the global financial system works and being into a reflationary period, this is going to be good for risk assets like Bitcoin and stocks, but also the idea of asset price inflation. So as to price inflation isn't what a lot of people think and that there's so much money printing by the fed and the government that it's some of it's leaking out into assets.
Bitcoin Magazine Podcast
"$80" Discussed on Bitcoin Magazine Podcast
"Hello, my fellow bitcoiners, meet the status credit card. Earn unlimited 2% cash back or Bitcoin rewards on every purchase with no annual fee, no foreign transaction fees and no fees to buy Bitcoin at the market rate. This card comes with status money's premium benefits to help you manage your money, including a net worth and spending tracker, peer comparisons and the option to video chat with a financial coach, download the status money app or visit status money dot com slash card, get the status credit card, go to status money dot com slash card. As the world moves increasingly
Bloomberg Radio New York
"$80" Discussed on Bloomberg Radio New York
"From Bloomberg world headquarters, I'm Charlie pala 13 minutes to go ahead of the closing bell we are seeing buying into the close right now with the S&P 500 Index up 22 points gain right now of about 6 tenths of 1% we've got the Dow up 218 now up by 7 tenths of 1% NASDAQ up 13. That is a gain of just about one tenth of 1%. Oil futures right now they are at $80 21 cents a barrel, West Texas intermediate crew down 1.7% a day after Federal Reserve policy makers reemphasize that interest rates still need to head higher to battle inflation. The ten years yielding 3.82% with a two year at 4.52%, spot gold down $11 the ounce to 1749 gold right now, lower by 6 tenths of 1%. Bitcoin down $63 down four tenths of 1% 16,616 bottom line here late day rally for the S&P up by about 6 tenths of 1%. U.S. special presidential envoy for climate John Kerry is isolating after testing positive for COVID-19 complicating efforts to reach a new international agreement in Sharm el Sheik Egypt. I'm Charlie palo that is a Bloomberg business flash. Thank you so much for that update Charlie palette. It's three 48 on Wall Street. The following is an editorial from Bloomberg opinion. This editorial was written by the Bloomberg editorial board. In one sense, investors and regulators should be grateful to Sam bankman freed. The erstwhile head of the FTX cryptocurrency exchange. The spectacular flame out of his virtual empire has become a masterclass on everything that's wrong with crypto markets. Several lessons stand out that crypto denominated assets weren't skepticism, for example. That market capitalization isn't the same as value, and that accounting and consumer protections really do matter. Whatever the potential benefits of crypto, the surrounding speculative friendly has little to do with them. On the contrary, it is mostly served to separate people from their money as FTX has shown. Lawmakers and regulators should act to keep crypto from threatening the broader financial system. And in the meantime, the message for investors and traditional finance remains simple. Stay away. This editorial was written by the Bloomberg editorial board for more Bloomberg opinion, please go to Bloomberg dot com slash opinion or OPI and go on the Bloomberg terminal. These has been Bloomberg opinion. Adrenaline. Yeah, but you let me drive. Oh, no. No, no, no. Who's gonna drive you home? Honey, please. I'll do the bride and drive on. Excuse me, I want to drive. The question with tribes is this is the drive to the clubs. On Bloomberg radio. All right everybody, just about ten minutes left in today's trading session. We are getting ready to wrap up the day as well as the trading week and we see
Oil and Gas This Week Podcast
"$80" Discussed on Oil and Gas This Week Podcast
"All trees has rain concerns amongst environmentalists. Because now the word about deportation yes. That's where it was originally without reading this article. Just because you can't do something doesn't mean it's best and quite honestly if you look just fresh water which is another huge issue in our world's facing no talks about but if you look at freshwater if you look at how many gallons of freshwater takes to produce a gallon jet fuel is miniscule. you look at. How many gallons of water it takes to produce things like ethanol for to mix of gasoline or things like biodiesel enormous in but nobody ever talks about. Those costs costs all that fresh water. So now that. I look into this article. It doesn't really say they have a surplus and they're talking about. It's the guy that that's oracle's written around. Is the director renewables at the energy ministry. So of course. That's what it is so yeah make sure people would. You're looking at solutions that their solution doesn't make the problem worse. Yeah that's a good point. Very good point all right so last article. Today's global an energy crisis is just the first in the clean power era just talked about that but this is actually a really good oracle page found literally with a lot of good numbers and a lot of simple explanations for things that are kind of complex. But like i was talking about earlier. You know here in europe especially if you've been pushing really hard to get away from fossil fuels to the point like page said earlier. California is go pan gasoline lawn wars. Which don't get me started it but if you push that too hard and you don't allow the infrastructure to adapt and grow with it. You have issues and then at some point. Somebody has to pay for stuff and as soon as you electricity. Bill doubles or soon as your cost. A heat in your house goes up by thirty or forty percent. Then it becomes an issue needed. Let the market take care of this. I've said this before people but not that long ago we thought shooting wales or fishing wheels. Harpooning whales was the right way to light our home now. We now think about that. That was ridiculous but that transition happened naturally. The markets drove that. It's the same way. If the renewable and hydrocarbon mix right the amount of hydrocarbons we used to fuel vehicles in the us and europe has been going down for twenty years but we still burke twenty million barrels a day here to make stuff out of and that's the next thing we have a shortage of page of this trend continues not only is going to be a shortage of electricity of energy articles. Talk about but pretty soon. We're run things like the resnick boats with our lipstick or or whatever else because the aren't being made that's gonna probably happen in middle the end of next year to start happening so this is a great article talking about how the governments and the politicians the world are pushes to do one thing. now there's a global fallout. What may happen. And i don't want this to happen. You may have the reverse happened where people are get so sick of pain so much money to keep their homes comfortable into fuel their cars. There were revolt against this renewable. Push that we're going. I don't want that to happen. So you actually by pushing renewables faster than the market can adapt them and people can use them. You can actually be hurting your own your own efforts right right so if you just let the market take care stuff. That's the best way to do it. Get the politicians out of something. The politicians can't really run the government much. Let's try to run the girls and little international so true the last one..
Oil and Gas This Week Podcast
"$80" Discussed on Oil and Gas This Week Podcast
"Let us know. But this is our first time. I've ever done anything this size. And what we're hoping to do is not only raise money for auto l. project but when we went through one hell of interview party for you'll find me in the champagne where you can find me. But i'll be around the callings get to dress up to yeah chunky flapper. I need to get on the treadmill speaking to get on the treadmill we got a review. That i wanna read. I'll let you read incredibly generic in meaningless content. Listen to a few episodes. They all lack substance of any kind lots of thrown out buzzwords like factory model digitalization vertical integration but no actual content. No thank you. This is listed from dolts fork in from canada to stars to source. So first thing is. I'm not sure what shoot he's talking about. I don't know it's not this show now. I don't know if it's any of our shows. I mean we have a lot but this review was. I know it's a bad review and you'd think i'm trying to discount but i'm not. I just think he left review for the wrong show which may be why he. I don't remember any of those words. We don't use our wait. They were examples throwing out lots of throwing out buzzwords like factory model digitalization vertical integration. So our canadian brother or sister who wrote this number one. Thank you for leaving us a few number to check and make sure you left it for the right show all right. Let's get an in the news all right so the first one is. Wti breaks eighty dollars as oil complete. Seven weekly game new. The last time eighty dollars a barrel for wti now november of two thousand fourteen. God now everybody's excited. Hiring is picking up like crazy. There's not enough pump parts and pieces to go around but everybody got to be really careful here. This is that number of been talking about for almost two years at eighty dollars. A barrel is right. The point where we could start increase in production. We have other news with your talk about supply and demand everything but we gotta be real careful that we don't step on the gas and increase production fashion than demand is because we're gonna create another dip in the price and we don't want that happen. I'm super happy. It's eighty i knew it means money and jobs everybody i love it. I have a passion for this industry. It's great to see his back at eighty dollars a barrel. I don't want it to go higher though. And unfortunately i think it will but this is good news at least temporary here in the us and actually the rest of the world middle east russia. Although there's some geopolitics go in there it looks like the permeates picking back up my thumb on a lot of the independent producers out there. They're going wide open right now. The hitler you hire enough people so this is really good. We're eighty dollars a barrel..
Bloomberg Radio New York
"$80" Discussed on Bloomberg Radio New York
"$80 billion in new issuance over the course of a short week. A round table of sunny Beschloss of Rock Creek and Rick Rieder BlackRock have stayed with us. So Rick at what point do we get nervous that companies are buying this much money? You know, David, I think quite frankly, if you said to me, what are the top stories the week I actually think the amount of digestion of product was extraordinary amount of investment grade credit supply That's coming to market, You know, roughly 150 billion This month. The amount of high yields by that's coming to the market that just keeps breaking records amount of Treasury supply that keeps breaking records. By the way equity supply. It's right. Porter puts into perspective, by which one the irony of, you know, keep talking about this affect going to taper 15 to 20 month of Treasurys. We're getting 100 and 50 Billion of investment rates apply, but the market Has an incredible receptivity to all this paper. And it's because I think people underestimate the a, the demographic condition that were in the liquidity condition where in and it's actually not enough assets for pension funds for insurance companies for international investors at the right yield today as part of my talk all quite a bit about the crowding out dynamic of central banks. There is extraordinary advantage. The interesting thing this week you saw the pulled back. As you said earlier on, they're buying. What did rates due rates moderately rallied on the back side of it. We don't need that additional buying the system can absorb amazing amounts of product. And we're in a unique point in time. That is not going to go away tomorrow. So anyway, I talked about the biggest biggest story the week is just watching all of this product. I guess we were. You know, I think I think a lot of investors like ourselves have built up cash. Anticipating the supply that's coming and what you saw that paper getting absorbed readily across markets this week, so as soon as you know so well, I get nervous when we say it's different this time. I mean, normally, I think when companies are borrowing that much money to balance, she really gets skewed. And there's a piper to pay somewhere down the road. Am I wrong? Is the world different in part because of the demographic reasons that Rick just identified. Certainly the interest rates are low, but should we be concerned as you invest in companies? Do you take a hard look at the balance sheet certainly are looking at, uh, credit rating companies more and more and more as we're going along and looking at, you know, the higher end more and more for the very reason that you just said David Them two things that obviously you know if you have such cheap money right now, and there is an expectation of rates going up no question that companies are going to raise rates bond issues, whether they needed immediately, whether they don't. They're going to do it right now. The other thing that is interesting and we saw also with Verizon and Walmart was that they're also increasing their issues of SG and green bonds. And those actually have higher yields, which surprised us, But that was also an interesting factor given the amount and that also got absorbed very, very quickly and easily. So I think I agree very much. Also, with what week is saying liquidity is enormous in the market, and people are looking for assets across the board, bonds, equities real assets, Uh and so that is pushing people towards towards whatever size bond issues are going. Out there getting absorbed even faster in terms of concern. I think no question that you have to start looking at the quality of companies compared to You know, in the beginning of this cycle, or, you know, beginning of the liquidity jump, and um and I think everyone is doing that right now, so we can't want to come back to inflation. Maybe we talked about it too much on this program, but I want to come back again. Ken Rogoff from Harvard, wrote a piece this week, he said, We should be a little bit nervous because with all this leverage coming in, it might limit the optionality of fed if they do need to react to inflation. Because if they start raising rates, it's really going to cause mischief. Are you concerned about that? Is that limit the options available to fed? I mean, part of why I think there's a really tricky thing at the fun part of why I think they need to start moving. I think they do need to need to build in some optionality Listen, interest rates are going to stay low for a really long time. You know, I think you know you are getting more inflation working its way another system. I think I don't really think in place is going to create tremendous stress. However, I don't think we should eat, overdo it on monitor on monetary policy. But I think the fact needs to be thoughtful about think about, you know the tail winds. We talked about it in the economy today from all the monetary policy stimulus, all the fiscal policy stimulus, and we're going to get more debate size to get more fiscal policy similares anything about cash on hand that companies The wherewithal for them to spend. Defense in a tricky spot, if you you know, when we look at the next Fed meeting, and you look at their expectations of their interest rates are going to be 2023 2024 the expectations that they're going to be raising rates in 2023 24 now is when you have the tailwind, the economy could very well slow two years since and then you're going to be in a position which, gosh, then we've got to raise rates when we don't have those series of catalysts driving economic growth, so Portable..
The Pomp Podcast
"$80" Discussed on The Pomp Podcast
"Your technology. <Speech_Male> Take your idea <Speech_Male> and do it <Speech_Male> really well. In one vertical <Speech_Male> one spot <Speech_Male> in one instance <Speech_Male> and blow it out. And <Speech_Male> then as <Speech_Male> i always say the best lesson <Speech_Male> in business. Jeff bezos <Speech_Male> so books for twelve <Speech_Male> years <Speech_Male> twelve years <Speech_Male> before he sold anything <Speech_Male> else on amazon <Speech_Male> and he didn't wanna sell <Speech_Male> anything else. Everybody was pushing <Speech_Male> them. Sell this <Speech_Male> out through this. So <Speech_Male> now i want to be the best book <Silence> salesperson <Speech_Male> and then <Speech_Male> move onto the next thing <Speech_Male> any <Speech_Male> others. There's <Speech_Male> you know. I'm not <Speech_Male> always a jeff bezos <Speech_Male> fan. But there's a lot <Speech_Male> of really great insight <Speech_Male> in <Speech_Male> in that action <Speech_Male> and wasn't words <Speech_Male> was actions <SpeakerChange> twelve year <Silence> spent psalm books <Speech_Male> <Speech_Male> most valuable company in the <Speech_Male> world. Now <Speech_Male> i mean it's <Speech_Male> incredible with the <Speech_Male> The <SpeakerChange> obsession <Speech_Male> in the focus <Speech_Male> right but how many founders <Speech_Male> you know think. <Speech_Male> They love <Speech_Male> their technology. They're so <Speech_Male> passionate. They <Speech_Male> think they've solved. <Speech_Male> You know <Speech_Male> the <Speech_Male> the world world <Speech_Male> hunger. I don't know they <Speech_Male> they. They <Speech_Male> really believe in in any <Speech_Male> love that about them. <Speech_Male> You know <Speech_Male> god this guy so passionate <Speech_Male> or this woman so passionate <Speech_Male> they really <Speech_Male> got this thing down <Speech_Male> and then you <Speech_Male> know you say okay. <Speech_Male> So what are you doing. I <Speech_Male> and rattle off <Speech_Male> like fifty things. They're <Speech_Male> trying to solve. <Speech_Male> And <Speech_Male> i always say backup <Speech_Male> like just work <Speech_Male> on number one and two. <Speech_Male> I don't worry about <Speech_Male> two through forty <Speech_Male> eight you know <Speech_Male> because <Speech_Male> you can't do <Speech_Male> everything well <Speech_Male> And you've got to prove <Speech_Male> your technology works <Speech_Male> being the best at <Speech_Male> at applying it <Speech_Male> in one situation <Speech_Male> or your <Speech_Male> service or your <Speech_Male> idea. Whatever it may be <Speech_Male> do it really <Speech_Male> well in one limited <Speech_Male> area and then you blow <Speech_Music_Male> it out. <SpeakerChange> <Speech_Male> There's a great <Speech_Male> piece of advice. I <Speech_Male> wish more people would listen <Speech_Male> to that. <Speech_Male> Where <Speech_Male> can we send people to find <Speech_Male> you on the internet <Speech_Male> user. Please <Speech_Male> send them. Yeah so <Speech_Male> instagram <Speech_Male> is. Probably <Speech_Male> my most <Speech_Male> active social media. it's <Speech_Male> brent saunders. <Speech_Male> might <Speech_Male> twitter's brenton sanderson <Speech_Male> and both. <Speech_Male> Are you're popping <Speech_Male> on instagram. <Speech_Male> We probably spend <Speech_Male> more time there. I <Speech_Male> i like twitter. I'm <Speech_Male> more of a stock stock. <Speech_Male> You on on twitter. <Speech_Male> <Speech_Music_Male> I apologize for all <Speech_Male> the tweeting then. <Speech_Male> I <Speech_Male> every day. I wake up <Speech_Male> to you know <Speech_Male> words of encouragement <Speech_Music_Male> <Speech_Male> so that's good <Speech_Male> Forward <Speech_Male> joking that <Speech_Male> eight hundred thousand <Speech_Male> followers on instagram <Speech_Male> which. I'm impressed <Speech_Male> by because i don't know how you did <Speech_Male> that. <Speech_Male> There's <Speech_Male> value that was actually ranked <Speech_Male> the <Speech_Male> I think it was by. <Speech_Male> Cnbc and businessweek. <Speech_Male> I <Speech_Male> could be wrong by the public <Speech_Male> as as <Speech_Male> the number one social <Speech_Male> media. Ceo <SpeakerChange> in the <Speech_Male> fortune. One hundred <Speech_Music_Male> years ago. <Speech_Male> I have a <Speech_Male> lot more followers today. <Speech_Male> So that's pretty <Speech_Male> good. I <Speech_Male> feel like that is the <Speech_Male> thing that if <Speech_Male> you've reached <Speech_Male> the pinnacle of business <Speech_Male> data <Speech_Male> thing that you like <Speech_Male> hold over your peers headdress <Speech_Male> <Speech_Male> multi <Speech_Male> billion dollar <SpeakerChange> businesses. <Speech_Male> I'm the best <Speech_Male> is <Speech_Male> like at the time it was <Speech_Male> neck and neck with doug <Speech_Male> macmillan from <Speech_Male> walmart. Yeah <Speech_Male> i don't know if he's continued <Speech_Male> on. I haven't tracked <Speech_Male> them. <Speech_Male> I was like <Speech_Male> up against. I <Speech_Male> love it. I love it. <Speech_Male> I well listen. Thank you so much for <Speech_Male> taking the time to do this. We'll do it again in the future. Thanks pop. I really enjoyed it.
The Pomp Podcast
"$80" Discussed on The Pomp Podcast
"Is is ceos. Look at it as as blockchain as a tool to facilitate their business. I haven't seen that ternary at. It's still an investment for many of them. It's not it's not a technology that can make their businesses better yet. I think there's some forward leaning people probably embiid companies that think that but i haven't seen a kind of get to that. Co crowd yet. But i think that's the next step. I i'd be surprised new year from now we're not talking about both as an investment or alternative to the. Us dollar were actually technology as blockchain technology that can can can change the way we do business. What do you think about. Like the public micro strategy obviously is like the the big one. But even tesla square. And there's a whole bunch of crypto bitcoin miners etc cryptovest companies coin base etcetera who've actually put this on the balance sheet right. You ran very large company. Like is that insane like in terms of like that that kind of public market audience of the big banks and the fortune fifty ceos or is it more. So there's gonna be some that start out there. The early wants to do it but like eventually five ten years from now you could see you know. Maybe not every single company but a large portion of companies. Actually doing it. Yeah i think it's a bit gimmicky today I think if you're a company and you put up bitcoin on your balance sheet because you trade him. Bitcoin you're square. You're facilitating transactions. I i can get my mind around that. Make sense to me if you're tesla. I think you're just dealing moss playing a game and you know. He's played the game well and he's moved the market. Right you know. Micra strategy is kind of defined their company in their valuations in part based on. Or at least. I think in large part based on your so. They are basically in all tournament vast weight. Invest in bitcoin. So that's worked for them But you know that few and far between are going to be able to become that kind of company right. The tesla one is the one. I scratch my head the most because it doesn't doesn't change their business model. I mean they are technology slash car company right in and their secret. Sauce should be about fuel cells batteries right none like they should be the best in the world doing that. It feels like bitcoin for them is Is a distraction from perhaps invest conversation..
The Pomp Podcast
"$80" Discussed on The Pomp Podcast
"Then the blockchain technology in of itself i thought was fascinating In terms of being able to facilitate transactions or were contracts or change the way we think about you know managing intellectual property And other things like that because always been fascinated intellectual property And so those were the two to kind of angles. Came at the world crypto. Really trying to understand and and figure out if it's worthy of investment. Obviously how i met you is and then i tried to network myself among the best of the best and and try to learn as any nuggets that fell to the floor that i could try to try to learn more about. And i'm still doing that. you know. i'm just at the beginning of the journey. You in what. I'll call social circle either professionally or socially Obviously know tons of of banks people who run fortune fifty four hundred fortune five hundred companies And then also some of the most successful startups as well. What is the conversation like with. Maybe the people who aren't in bitcoin or cryptocurrencies but People would know who they are right it. It seems like there's actually much more appetite and participation may be people understand in those circles. Yeah it's interesting. i. I've seen a sea change in the last year. I mean really noticeable dramatic change in attitudes and perceptions of crypto currency in the last year among the my peer group. Or the people. I hang out with Which is as almost described You know i would say two three years ago. They would have thought of it as a bit of a fringe investment. There bunch of wacky tech people who who think this is a good idea. And today i think. I don't think anybody debates whether or not it's a legitimate investment opportunity the utility of it. How long it will last where it will go. I think a store open to debate by by that group but no one doesn't see it as being real and here to stay right Now you know there. I think among this. Perhaps i guess morse applauding crowd to regulated environments and other things. They're still concerned about what could happen. From a regulatory framework but. I don't think anybody thinks that it's going to disappear. But that the government's gonna step in china and say we're gonna have our own you know Currency and we're gonna we're gonna make the dollar crypto currency. I don't. I don't think anybody worries about that. But the taxed how it's held you know some of the security is there. Is there more regulation. There probably will be just as it becomes a bigger asset class. It's it probably is a good thing. I don't know. I think you believe that as well. I'd rather have regulated into mainstream than than unregulated in the wild west. But i think i think it's. It's become fairly legitimate topic now..
The Pomp Podcast
"$80" Discussed on The Pomp Podcast
"We're doing this hostile. Takeover eventually goes to a proxy vote. And if you're the person who's hostile takeover attempt it is are you allowed to vote your own shares. Which he had bought yet he had bought in conjunction with the hostile was really valiant What was so unusual about this case. I'm probably oversimplifying was was bill. Ackman in pershing were like trying to be rocket fuel to the valley hostile takeover usually a hostile takeover one company versus another company usually don't have a hedge fund kind of in the middle putting rocket fuel on it and so they were trying to argue that that he had committed insider trading and therefore those shares shouldn't be Allowed to to to to be used in the in the in the proxy battle anyway long story short. I'm sitting in my office. I had cnbc on in the in the corner. And i saw that kind of breaking news across the bottom. It says judge rules. Pershing square can vote their shares in in in the proxy battle. I'm going to tell you if it was thirty seconds it was a longtime. My phone rang and it was the sea of allergan really. Hey we need your health so literally. It came down to that judge's decision. Judge says okay blackman you can go ahead and vote your shares here and then pretty much. The ceo new game set match the things over because they've got the votes. Yeah so what we did is and from that moment. He called me. Hung up the phone. We mobilized a team. And i think it was ten or eleven days. give or take. I had a deal done. Signed an announced and embiid allergan and wall. They're trying to conduct this hostile takeover. How do you basically provide that like white knight situation. Are you coming in and offering more or you offer more okay But i also to get the financial resources to offer more. It was Gosh i think it was. I forget the exact number. But i'm going to say i had to come up with sixty billion dollars and so wasn't it wasn't a small amount of money so when you're sitting there he calls you know that. Hey this is going to be like sixty nine. I had been tracking it. And i am thinking about if he ever call me. If ever came to that. How would i do it. So i'd i'd been working with banks. Jp morgan with my lead bank. Remember very very specifically. I said all right. We gotta figure out how we're gonna do this. We're going to use our stock. We're going to take out some debt and then we're gonna have to sell some kind of convertible note or convertible equity in the public markets And so the public markets can have to like this deal. It's going to have to be something we can get a lot of people excited about And then i needed to give our game. Because it was a hostile thing. I had to give the allergen shareholders and the elegant board. The legacy allergy board certainty. I needed a bridge loan. And i needed kosh. What'd i need a bridge loan for i. It was a ridiculous amount of money. I wanna say like thirty some billion dollars..
The Pomp Podcast
"$80" Discussed on The Pomp Podcast
"Is just how drugs get developed and look and there is no. There really is no safe medicine. Every you know for every reaction there's an equal but opposite reaction and this is most drugs are either chemistry or chemicals. And that's the case where there biologic and that's the case and and so You know this idea that well just take a some people say just take an aspirin or i'll just take a An advil or i'll take a z pack infection. Those are really serious. Madison's they all have consequences we've thought of them as you know taking a jelly bean or something. But they're really not and in fact. I would argue that today if we were studying. Aspirin as an example or tylenol is an example. You know on the front page of the paper like we've studied vaccines on the front page of the newspaper. You probably won't ever take. What if everybody actually saw the adverse dead databases and rare reports of bad things that have happened people on those medicines they would never take the reality is most people are ignorant to it. Yeah and how much of it is. Take like the vaccine development. The virus obviously was something that made people predicted if anybody And so if felt like there. Was this like rush both of capital time. Severity of response like just okay. This is really important right this moment. Go and there's two schools one school of thought was like. Oh this is heroic right. This is amazing. How quickly this came together. There's another school of thought of like. Wow you guys can do this quickly like you know what's going on with the rest of the development and so it almost sounds like what you're saying is no most of these things. There's an experimentation process. Actually do come to some understanding in a relatively quick time period. But then there's this bureaucratic process in place for the approvals and into really. Make sure that it's as safe as it can be for the most amount of people..
The Pomp Podcast
"$80" Discussed on The Pomp Podcast
"And then you take over what becomes allergen when you step in there. It's interesting baker stepping into the middle of a firefight between existing management and and outside shareholders. Who are known for being overly kind a highly effective and so what do you kinda do like the. I like ninety days. You're there is it literally just like don't get shot in the middle of the firefighter. How do you think about stepping into that environment where it's almost impossible to know like who actually is on your side. Who's not who's going to be here ninety days from now you could just seems like there's a lot of chaos on uncertainty. Yeah you know. I'll give you a good example and i've done this. This is my mo anytime. I started a new company So when i started bausch law was Coo is thirty nine years old. I didn't even know what i had. No idea what the anatomy of the i was. I'd never worked nike number. Worked in ophthalmology. So i'm like this really ready to. I was the gosh. What was i was the third or four. Ceo in in eighteen months so these guys had seen town halls of new people coming in with different ideas and failing. And i said to myself. You know what i'm gonna i'm gonna come in and then i'm going to disappear so i basically and basham was much bigger outside of the us than it was in the us. I i went up to rochester. York which was where it was headquartered. I said everybody. And by noon i was gone and i spent the next month on the road throughout the united states and around the world i was in china was in europe. I was lying in america. I was all over the world. Riding with sales reps. visiting customers. Visiting our plants manufacturing facilities but not talking to any executives. If you wore a tie. I wasn't interested in you and the reason is i wanna learn the business. I wanted to see how things actually work..
EV News Daily - Electric Car Podcast
"$80" Discussed on EV News Daily - Electric Car Podcast
"Acquisition company spic specs and told them about the milan. The podcast because they have been the Investment choice du jour for the last eighteen months. Well according to the verge. The draw will initially remained confidential. Although bloomberg has reported radio is seeking that's huge valuation. The ipo date. Well when could that be expected to be some time before the end of this year when it does happen riviere will add to the fundraising war chest. That's already over ten billion dollars in that checking account. That's always a nice frankel to get from the bank manager. Hey ten billion sitting here oh yes. We'll just take the interest on that plays big news. Those like to invest in the world of electric vehicles and interesting. They're doing a proper. Ipo didn't do what fisker did or lucid. Or any of those companies. I've the last eighteen months that have done a spike isn't a way to dodge anything but it is. You know it's a company that is set up people buy shares in its job within three years is to go and find another company to reverse merge with and then you know the initial companies already public so then the new company becomes public. The new merged company and therefore avoids. Some of the scrutiny. And i'll say that a derogatory way but it avoids that roadshow process that ipo entails. And so interesting that ravina going down that route and looking for well a massive massive return on the investment of the likes of amazon and the likes of ford they will end up with a huge stake in a huge company if indeed riven is valued eighty billion dollars more than one of their investors which is ford so forward would make significantly more money by investing in a startup. ev mak- the so far delivered zero customer vehicles in the in the i one s then four dubai employing hundreds of thousands of people and making millions of cars every year say world. We live in next. We'll talk about tesla and the diagnostic. Software is now available for purchase in the us. tesla quietly debuted a self service subscriptions. That could help. Their owners work on their own vehicles. The service subscriptions could pave the way for tesla to allow owners to even repair their own cows. According to tesla dot com the first subscription is the service and repair information package that gives his access to manuals. Tooling catalogs wiring diagrams. Another pertinent documents owners had access to these documents previously according to the tesla kind of white hat hacker green the only now the second subscription. These new gives tessler access to the company's diagnostic software. Green on twitter noted. The tesla's diagnostic. Software was not available to us owners until now has been already available to owners in europe in december. Twenty twenty tesla gave european has access to their vehicles toolbox feature granting them access to the diagnostics and some software. We do have some different right to repair rules. I've had with the european lawmakers. Staying in europe tesla is taking over norway. Tesla's recent events in norway have been a groundbreaking is how clean technica describe this. One tesla shipped one thousand three hundred model wise to know why as it began deliveries to europe. In the month of august it turns out. These model wise was directly from giga shanghai in ton all of these tesla made in china model wise of the long range variants standard range. No performance versions tesla model y therefore becomes the number one av and the number one vehicle in the month of august in the country of norway. Amazing just the way. The tesla do that shipping and It's not a consistent flow of vehicles until they're going to be made in giga lynn. So some months that absolutely nowhere in some months number one top of the pops in the charts tesla also talking of giga berlin facing a public consultation is the third public participation in the approval. Procedures for tesla's giga berlin. The factory nah couldn't hide three hundred and ninety five. New objectives have raised objections to the planned. Gigafactory and new public hearing. Is that full going to be necessary now. The brandenburg state office for the environment has decided to shed. Shedule another haring to discuss these new objections. The dates and time we'll play. We'll be on line as a high number of objections and the current corona vase regulations could possibly be dangerous getting everyone in the same town hole. It'll happen online but it won't be happening in a kind of big zoom cole. Where each of those three hundred ninety five people. Some who have concerns. I've a water usage. Something have concerns iva Waste removal etc. They won't have their day. It's going to be conducted online. But i think offline if that makes sense as in they won't be that same experience of being able to stand up and say your piece. You've submitted your complaint your objection online and then it will be considered. The process says according to electric dot com thirteenth of september is possible date so a couple of weeks away however discussions could start earlier but then it could take a longer period of time. Possibly several weeks. I'm sure tesla fines and tesla stuff finding it increasingly frustrating. But it was never gonna be as easy in germany as it has been in china if the regulators the authorities the government ultimately if they are all moving in one direction and the happens to be the direction. You're moving in. Well you're in luck because doors will be opened in europe in germany suddenly. Oh they love a good process. I was never going to be held up in the coals for five or ten years but it was always going to be longer than that fast strike process not does the builders in china or any more skilled just because of the process hopefully by the end of the year we got those cows being made on the european continent which in theory will help supply in theory could help prices as well. People are always so surprised. I tell them how much tesla coasts here in the uk. Yeah right we had twenty percent. Vat and then we add ten percent import tax on top of that new total. So it's really expensive to buy a tesla. it's also. there's a long time to wait to get one. It's why use tesla's that a six months old on several thousand miles can sell for more than a brand new one. Yeah right coming up very saying we will talk about. I knew very. Big battery plugging hybrid. Bmw and very small trade m. g. s. stick around. Now let's talk about g. Li the chinese company geely and the av brand zeka raising money. Five hundred million dollars in that first external funding. You hit that. I'm jay because they own post up. Volvo and zeka is an electric vehicle brand which julia launched saying today that they've raised five hundred million dollars in that first external funding from investors including intel the battery maker's cat l. And others the company Makes the zeka. Aa one is the Model which is might in the eastern city of ningbo and we'll start delivering later this year and by the middle of the decade. Their plan is to make six hundred and fifty thousand over them while. Companies globally a working more with tech companies battery maker's mining firms to develop teacher products them secure the supply of components made a shifts towards. Ev so it's not surprising to me. That the ev startup brand from the logic company jelly would be invested in by the likes of tech companies etc and battery companies. Now let's talk about very big battery plugin hybrid. It's been awhile since we spent any time with. Bmw's plug in hybrid. The x five says ars technica since then they replace the x five with an all new model the x five x strive forty-five they say that in addition to the bigger battery Which is the significant up date you get day-to-day driving range from the twenty four kilowatt hour. Pack that's gross by the way. I'm not sure what it is usable. It'll be around Seventeen eighteen kilowatt hours. I would think but still twenty four twenty four hours. Gross is really good on a plug in hybrid echo. This is a big bmw suv. So it's going to not go as far as doing a smaller car. But it doesn't endow the x five x drive forty five a to give it his full name with an epa range of fifty kilometers. Study one miles on battery power loan at some cold weather and some adverse conditions. And you'll probably you go down by about a third. you can go. Electric only mode eighty four miles an hour. That's a hundred and thirty five. K b h rather than seventy five miles an hour or one hundred twenty k. Ph improvement their little little bump with a bigger battery size as well. I'll public in the show. Notes dot com. If you want to find out more but how about small trees maybe they the answer to help reduce the cost of the mg zelda's ev. There's a new one coming with a smaller battery. A government document in india revealed. The tv has a forty kilowatt hour battery. Pack offered soon. That's only about ten percent smaller pack than the existing one and it looks like he's going to be an india as well. The three mass-market vs on sale in india of the tar nixon the hyundai kona electric and the geez at as the nixon is the most affordable. It's possible the mg could just replace the current version with more affordable smaller battery pack rather than added to the lineup. Should that spe the case. Well it would bring the cost of the tv down and that would hopefully boost sales next. We'll talk audi and that new electrification strategy for the end of combustion audi has revealed that new electrification strategy. When you a lot of this already. But they've kind of packaged up and given a shiny rapper. It's voice blunt. Twenty thirty or whatever. Twenty thirty is in german which has also spelt the end of its combustion-powered chapter. We knew this already from the various individuals statements. They've made this plan will put out on the path to being a sustainable social and tech leader by the end of the decade. They say the combustion engine must give way to a fully electric lineup at audi according to stuff website which will begin in earnest in twenty twenty six after that time audi will only launch new pure electric models. So there's a model outright now there's going to be more combustion versions of it. I'm sure they'll be a new version of the writing etc. Pay attention to the the fossil bits. But there'll be new ones bay times of new models being developed. Nothing new off to twenty twenty six. We'll ever be announced again. Audi is a new car unless it is pure electric. And they use that phrase pure electrics as good dodging you know behind the electrified word. Which always is a saas. Let's talk about. Ev charging build out it is at an inflection point. According to an official from simmons in a major acceleration of its ev charging station business in the united states siemens is going to produce more than one million av charges for. Us homes and businesses over the next four years until the middle of the decade according to the german engineering giant says espy global dot com. Simmons based decision to expand its. Ev charging business in the us on the prospect of significant public funding for charging infrastructure through pending federal legislation a massive transition among logistics companies and fleet operators to eve and the need for charging to catch up with the pace of sales According to siemens and so making a big investment that trying to read the tea leaves a little bit. I mean look. It's not the biggest bet in the world. Is you know making the bet visa coming. Well evenings a here saying that charging stations need to catch up with the pace of e sales. Well i guess you know if you have a cuba adjudging station. You would agree with that statement. I think there's lots of charges out there. That are faster than many of the touching on them and if through that lens you could say that. The ev charging network is actually ahead of the cars. There's lots of eight hundred volt systems out there and three hundred and fifty kilowatt charges that are just being used by slow old four hundred volts. Ev's which one of them so. I'm not complaining But so. I guess i'm not because my zoe on each on a the so i never do block. Dc fast charger but sir. Three hundred fifty kilowatts dc false charges. If they have the third tethered aco lead or even many of them. You bring your own cable and you can often plug into the side and take twenty kilowatts. Ac from dc. I john and it still means that somebody else can their obviously often duel charges and one kind of realizes that uneven because even the same hardware means doesn't mean that the operating network that cpi has enabled that correct me. If i'm wrong. And i could just send the press office a question and maybe i will but in the uk the grits network they using the ab tara chart knocks tara. T. the terror charges. They've often go a there. Are the deal head. Ccs or the jewel had one ccs one chatham on and i know the hard wax. I've read the spec sheets of while ago on the hardware will charge to 'cause at once. As far as i know great serve don't do that is not changed enabled it. I should ask them the question unless you can tell me because you've tried it. Sent me an email palo at evening. News daily dot com question of the week with e mobility norway dot com returns on sunday. Not long now. Stick around. Well like very much to everyone on. Patriot arrived. Produces exempt produces heartless and of course our premium pomace. I'd thank you to feel. Robots have electric future. Brad crosby porsche of the village in cincinnati saudi of cincinnati east volvo cars of cincinnati east national car charging on the us mainland behind aloha charge in hawaii derek. Reilly he runs the ev review island youtube channel. Growing a right of knots. He's making so many videos than how he does. It and richard. Irs ev dot cut it uk. They should be number one choice for buying and selling vs in the uk window. Shopping and immobility norway dot com began and the team have a good cinema and remember. There's no such thing as a self judging hybrid..
Ringer Dish
"$80" Discussed on Ringer Dish
"I don't know exactly where but probably brooklyn heights. But i know near matt damon. He famously rasta crane in order to get the furniture in the house. Yeah i mean. I would i would. I would go. New york. Cape cod london south of france. And i would i think i probably still be eight five million. Okay wow i think that all sounds great. Thank you to beach houses to city homes. Wow how much time are you spend it. it's like. I can't even wrap by head around some point even as you were talking about like so i can't see you go ago over twenty billion. I just like if i had water. Do a spit take about how you imagine living that. And meanwhile the anxiety of like all the things that could be happening or various homes while you're not there to take care of it is so intense but again these people are so rich. They don't deal with anything themselves. Meanwhile all of this just for one home in los angeles can't even yeah and like jennifer lopez. How many days a year are you home in a non cova. Dear i dunno. It's a great question dot that many. Okay vegas all the time two. Oh is she doing a residency. That official i mean it makes one. Yeah it was a planet. Hollywood if i were j. lo and i had an eighty five million dollar home one of my main like quote unquote luxuries. Everything her life is luxury but would be fresh flowers and every room delivered like every five days. Yeah that sounds great. In a chef right mind would be facials on a weekly basis. That sounds nice. It sounds really great especially given that that seems like a real postcode thing but yeah daretodream ultimately became about the ways in which we were trying to imagine ourselves living like celebrities and have some mental roadblocks which is ultimately a good thing. If i were not that's why we're not using instagram's dating yes regular baby pictures just like us. Thank you so much. Eric von days for producing this episode. And we'll be back next..