40 Burst results for "16Th"
Evangelism on SermonAudio
A highlight from Glass Half Empty & Half Full - The Perspicuity of Scripture
"Do you struggle with understanding the scriptures? Do you frequently hit roadblocks in your Bible reading? Do you struggle from even having a basic sense of satisfaction in your scripture reading? in your scripture reading? Sana, sana, colita, derana. If you're a Spanish speaker here today, you would know what I just said. Sana, sana, colita, derana. Lalo, could you translate those words as literal as possible for me in English? Yeah, as literal as possible in English. Or he'll heal frog bottom, is that another one? Yeah, he'll heal frog bottom. Now, if you weren't a Spanish speaker, you wouldn't know that what I just said is objectively clear in context. He'll heal frog bottom, literally translated in English, means nothing to a person who doesn't know Spanish. Even if they could translate Spanish to English. So, in reality, this is a phrase that we would often, or Spanish speakers would often tell children when they've, say, fallen on the floor and gotten injured, right? It's almost like as if it's a call to courage, like, you'll be okay. Another example in the English language is a stitch in time saves nine. I don't know if you guys have ever heard that. Have you guys ever heard that, a stitch in time saves nine? Okay, so no one before the 1980s, or sorry, no one after the 1980s. A stitch in time saves nine is an expression that basically means if I don't fix this stitch right now, the nine ones later are gonna fall apart, right? So, it's really a call to prudence and saying, well, I need to do this right now so that things don't get worse down the line. What I said in Spanish earlier, once again, is utterly and objectively clear. Utterly and objectively clear. It's a phrase with a particular meaning, and yet, as I said before, only a native Spanish speaker would understand. To everyone else, what I said was absolutely obscure. we're So, several weeks now into our doctrine of the Scriptures in our confession, and having recently just covered the sufficiency of Scripture, we now arrive at the question of perspicuity, perspicuity, perspicuity. We can say everything we want about the sufficiency of the Scriptures, the sufficiency of Scripture for faith and godliness, but if Scriptures don't have what we will go into later as perspicuity or a degree of transparency or clarity, we couldn't access its sacred truth. Or we would at least need to depend upon someone else to access its sacred truth, and that'll come a bit later. If you do have a copy of the Confession of Faith, feel free to turn there, and that will be in chapter one, paragraph seven. Chapter one, paragraph seven. But if you don't, just feel free to follow along as I read. All things in the Scripture are not alike plain in themselves, nor alike clear unto all. Yet those things which are necessary to be known, believed, and observed for salvation are so clearly propounded and opened in some place of Scripture or another that not only the learned, but the unlearned in a due use of ordinary means may attain to a sufficient understanding of them. Now this doctrine here in our Confession deals with how clear the Scriptures are to the people of God. And that whole doctrine is called perspicuity. If you are paying close attention to this paragraph, and as I mentioned, this whole doctrine, not just part of it, but the whole, has to do with perspicuity, then you would realize that perspicuity or transparency or clarity takes into account two things. One, clarity, and two, obscurity. One, clarity, and two, obscurity. So if you've never heard of the word obscure or obscurity, it just means less clear or not as clear. So just as if you have a glass that's half filled with water, half it's simultaneously filled and half empty. So that old adage, are you a glass half full or half empty person? You can just go down the drain, right? A glass halfway filled is both half filled and half empty. Likewise, with the Scriptures and the clarity of the Scriptures, insofar as parts of it are extremely clear and parts of it are not as clear, the perspicuity of the Scriptures actually encompasses two things. Both clarity and obscurity. Very clear and also some parts not as clear. I have a few observations from our tradition, from Peter van Maastricht, I can never pronounce his name correctly, van Maastricht, Francis Turretin, and William Whittaker. But before I get there, just know that this doctrine of perspicuity is a major battle in the Reformation. 16th century Rome so emphasized the obscurity or lack of ease of understanding of the Scriptures that they argue that if you don't have the pope and the magisterium, you can't interpret the Scriptures because if you did, you're not skilled enough to do so and you would most likely fall into various forms of heresy. Now, understand that there is a sense in which that is not false. It is very easy for people who just pick up the Bible on their own and refuse any kind of accountability to a church or Christian doctrine or any kind of wisdom from the past to easily err on the doctrine of the Trinity and the doctrine of Christ. It's so easy to do that. And I'm sure many of you may not have been previously accountable to a confession of faith before or a creed, and how often may you have discovered later on, oh, I said this in a certain way about God that was very wrong. It's very easy to do that. Okay, so let's come back to van Maastricht, Turretin, and Whittaker. Whittaker says this, perspicuity or obscurity, notice Whittaker didn't just assume that perspicuity is the same as clarity. He also thought of it in terms of hard to understand, obscurity. Perspicuity or obscurity is either internal or external. By internal, Whittaker means the heart of the interpreter. By external, he means the objective clarity of the scriptures. So if we go back to sana sana colita derana, right, sana sana colita derana is objectively clear. It's an objectively clear expression which calls someone to courage after having encountered a mini tragedy. But it may not be clear to everyone interpreting that because they may not know Spanish, or even if they knew how to translate words of Spanish to English, they still may not know how that particular idiom or expression or saying translates in English. More would have to be taught to them in order for them to understand that. So, in the same sense, the scriptures, the clarity of the scriptures are objectively and externally clear. But at the same time, it requires work and effort on the part of the one interpreting the scriptures to be able to assent or come to that clarity. What's very interesting is that this chapter in our confession doesn't even talk about the obscurity of the scriptures to non -believers. A small aside, it's very easy for us to communicate the gospel one time to a non -believer, send them off with a Bible and expect them to just read things on their own. In reality, we really should be thinking about evangelism more so in the context of the local church, bringing them to church to hear the ministry of the word of God in the presence of Christ. Why? Turton quotes 2 Corinthians chapter 4 verse 3. 2 Corinthians chapter 4 verse 3. He says this. But even if our gospel is veiled, it is veiled to those who are perishing whose minds the God of this age has blinded, who do not believe lest the light of the gospel of the glory of Christ who is the image of God should shine on them. The scriptures were not meant to be clear to those who are perishing or even those necessarily yet who will be saved one day. It is nothing short of the ministry of the Holy Spirit that is a requirement for someone to receive the message of the gospel, commit it to their souls, and assent or believe outwardly the doctrines of the Lord Jesus Christ. He goes as far as to say that ordinarily the ministry of the church, sermons, and commentaries are necessary. And despite all of this, he still wants the Christian to have the comfort of reading the scriptures. The Reformers understood just like with Roman Catholicism does. That there are difficulties in the scriptures, yet they came to a different conclusion. The conclusion that they came to was though there are difficulties and though a Christian should be interpreting the scriptures in the context of the local church, not to be expectant that the minister teaches them how to interpret the Bible in the sermon and they're supposed to do everything on their own afterwards. This is a conjoined effort. The doctrine or the expectations of interpreting the scriptures to our souls is very much a joint effort. You have the responsibility of hearing the word of Christ from the minister of the gospel to interpret and apply it to your conscience. He has the responsibility of aiding you and lifting you on Jacob's ladder. Our confession points to various scripture passages on this point. I'll just read to you two examples. The law of the Lord is perfect, converting the soul. The testimony of the Lord is sure, making wise the simple and also the entrance of your words gives light. It gives understanding to the simple. Meaning, the scriptures have in themselves a light to be given to the Christian. We are expected to come to the scriptures as if they are a light to us, a lamp unto our feet, a light unto our path. I've stated this before and I will state it once again. It is entirely possible for something to be written with sufficient clarity and yet, because the reader may lack the ability, he may not be able to fully understand it. And likewise, when speaking of the clarity of the scriptures, not everything is as equally clear. Not everything is as equally clear. I hope you're seeing where this lesson is going. Partly, it's a call to encouragement to receive the basic truths of the Christian faith from the scriptures with a willing and submissive attitude. But on the other part, it's a call to humility and to have very reasonable expectations of what you can accomplish apart from your local church. That is where things get very interesting for us. Roman Catholics have often, at least in the past, accused the Protestants on their doctrine of perspicuity, trying to portray the Protestants as those who believe that every part of the scriptures is so easy to understand that even a farmer can read every single part and understand it as in the same way that a trained and spiritual theologian can. This is not the view of the Reformers. It is not the view of the Reformers that without the ordinary means, which was referred to in our confession, that one may easily attain to the highest of the heights of the mysteries of sacred scripture. That is not the belief of the Reformers. For that matter, even our scriptures have something to say about that. Our confession alludes, let me go back a little bit, to 2 Peter 3 .16. Feel free to turn there if you like. 2 Peter 3 .16. I'm going to read from verse 14. Therefore, beloved, looking forward to these things, be diligent to be found by Him in peace, without spot and blameless. And consider that the longsuffering of our Lord is salvation, as also our beloved brother Paul, according to the wisdom given to him, has written to you, as also in all his epistles, speaking in them of these things, in which are some things hard to understand, which untaught and unstable people twist to their own destruction as they do the rest of the scriptures. Some things in Paul are hard to understand for Peter. Now, this would be very interesting if Peter was, in fact, the first pope, and had very difficulty understanding the apostle Paul, and would proclaim the ability to be the vicar of Christ to the church, and to not have the ability to understand parts of Paul would be very problematic, to say the least. That being said, we cannot escape the reality that some parts of the scripture are hard to understand for people by design. By design. And we will get to that, as to why I say by design, in a little bit. Whitaker emphasizes a very balanced approach to understanding the degree to which we can understand the scriptures. He says this, the unlearned can have some fruit and utility in reading the scriptures. At the same time, he'll say this, not even one jot or tittle is clear without the internal light of the Holy Spirit. And in the interest of humility, he closes with this. A man must be impudent, who would say that he understood even any one book thoroughly, and the same hath ever been said of the opinion of all of us. Do you understand what he's saying there? It would be the height of arrogance for Whitaker for someone to say, I even fully understand one book of the Bible. The height of arrogance. And despite that, despite that strong language, Turton and Whitaker often appeal to the church fathers about the ways in which scripture can be understood, the scope of their understanding. I'll read this quote from Francis Turton. The fathers frequently acknowledge it, although they do not deny that the scriptures have their depths, which ought to excite the studious believers. Chrysostom says the scriptures are so proportioned that even the most ignorant can understand them if only they read them studiously. All necessary things are plain and straight and clear. Augustine says, in the clear declarations, the scriptures are to be found, all things pertaining to faith and practice. Irenaeus says the prophetic and evangelical scriptures are plain and unambiguous. Gregory, a pope, says the scriptures have in public nourishment for children as they serve in secret to strike the loftiest minds with wonder. Indeed, they are like a full and deep river in which the lamb may walk and the elephant may swim. I just find that fascinating. How Rome can simultaneously confess full continuity with the church fathers and not say that, at least in the essentials of the Christian faith, that a lay Christian cannot read and understand the script, I just find that so difficult to just wrestle with. Like, how can you say that you have a sense of continuity with the church fathers when the church fathers themselves say that, at least in the elemental and primary doctrines of the Christian faith, they are clearly propounded in the scriptures? You know what's interesting? The major debater in the Roman Catholic world during the Reformation was Cardinal Bellarmine. You've probably heard his name in the past, maybe even last week.
Evening News with Art Sanders
Fresh update on "16th" discussed on Evening News with Art Sanders
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Bloomberg Radio New York - Recording Feed
Monitor Show 15:00 11-13-2023 15:00
"Investment Advisors. Switch to interactive brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. When we come back here, I'm Joe Matthew in Washington along with Kaley Lyons. We'll meet you a little bit later on Balance of Power on Bloomberg TV at five o 'clock Washington time. Because Bloomberg Business Week starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is Bloomberg Business Week. Insight from the reporters and editors who bring you America's most trusted business magazine. Plus global business finance and tech news as it happens. Bloomberg Business Week with Caro Masser and Tim Stenebeck on Bloomberg Radio. And a very good afternoon everybody. Live from the Bloomberg Interactive Brokers Studio. Streaming on YouTube and of course streaming on Bloomberg Originals. You are listening and watching Bloomberg Business Week. Caro Masser along with Tim Stenebeck. She's back. Delighted chores over the last four days. A little bit of spring fall, winter cleaning. Okay, so not as exciting as, you know, going on some international adventure for two days. No, I did not do that. And everyone's like, I thought you were on vacation. I'm like, no. Hey, Headline Just Crossing. I want to bring it to you. Starbucks Union says November 16th strike to hit hundreds of stores. So they are planning a work stoppage for November 16th. So we talk about this the year of many things, but it does feel very much like the year of unionized workers. And kind of some strength once again to the U .S. labor organizations here. Yeah, just in the last few minutes when this news broke, Starbucks shares taking a leg lower. Down about eight tenths of one percent, Carole. Thank God something's moving because Tim walked in. He's like, man, this.
WTOP 24 Hour News
Fresh update on "16th" discussed on WTOP 24 Hour News
"Work for you. With Indeed's end -to -end hiring solution, you can attract, interview, and hire candidates all from one place. Start at indeed .com slash credit. Good morning, it's 4 -0 -3 on Tuesday morning, December the 5th. 37 degrees, it should be Good morning, I'm Dan Ronen. Welcome into the final hour of the overnight shift here on WTOP, the top local stories that we're following for you. We've been following this developing story all night. A house in the Blumont neighborhood of Arlington exploded Monday night as police outside attempted to serve a search warrant on a person who was inside. The explosion at the house in the 800 block of North Burlington Street devastated the duplex house and was felt and heard throughout the area. Christian Johnson was several blocks away at the Super Pollo restaurant on Wilson Boulevard when the blast happened around 8 p m. Like thunder, rolling thunder, you know, something like that, like a loud thunderstorm, I'd say like a big boom. Arlington County Police spokeswoman Ashley Savage says police were outside since 4 45 they p responded m to flares when being fired from the home. We were attempting to do the search warrant. We were attempting to make contact with the individual when shots were discharged inside the residence. The shots were promptly followed by the explosion. Officers received only minor injuries. Some homes in the area were evacuated in Arlington. Dick Ioliano, W. T. O. P. News. The FBI and the A. T. F. Are assisting the Arlington County Police in this investigation. You can see video of the explosion on our website at W. T. O. P. dot com. New this morning, it was back in August, August the 16th at a 16 year old Neomah Linguin of Waldorf was stabbed and killed in an argument outside of a D. C. McDonald's on Monday. Another 16 year old Waldorf girl charged with murder entered a guilty plea in that case. The Washington Post is reporting the 16 year old was set to go on trial Monday on a first degree murder charge but struck a deal with prosecutors pleading guilty is a juvenile as a result should be sentenced in the D. C. Superior Court next month and she faces confinement in a youth youth detention center until she turns 21. A police officer is charged with murder. He took the stand in his defense Monday in Prince George's County. He is the first officer in the county to be charged with murder in connection with actions taken while on duty. Mike finally had a chance to tell his side of the story after not being asked. Mike is Corporal Michael Owen who's facing murder charges in the death of 43 year old William Green who was six shot times sitting in the front seat of Owen's cruiser nearly four years ago. On the stand he explained he acted in self defense arguing Green was high on PCP and getting belligerent in Owen's cruiser. Owen said they started jostling that's when and Green grabbed his gun from his holster. After a fight he said the gun went off but it was never made clear who Owen was suggesting fired the first shot. He then testified he didn't realize the gun he used to shoot Green was his gun after. until Terry Barnes is a long time friend of Owen. Finally got his voice heard today. at Upper Marlboro, At the courthouse John Dome in WTO P News. It's 406. Good
The Eric Metaxas Show
A highlight from Kevin McCullough
"United States Border Patrol has exciting and rewarding career opportunities with the nation's largest law enforcement organization. Earn great pay with outstanding federal benefits and up to $20 ,000 in recruitment incentives. Learn more online at CBP .gov slash careers slash USBP. Folks, welcome to the Eric Mataxas Show sponsored by Legacy Precious Metals. There's never been a better time to invest in precious metals. Visit legacypminvestments .com. That's legacypminvestments .com. Welcome to the Eric Mataxas Show. I shouldn't tell you this, but Eric hired someone who sounds just like him to host today's show. But since I'm the announcer, they told me, so I'm telling you, don't be fooled. The real Eric's in jail. Hey there, folks, welcome to the program. Chris Himes, welcome to the program. Hello, welcome to you from another place in the country. I'm in Washington, D .C., which is technically the capital, the nation's capital. It's I'm here for an event tonight. It's Intercessors for America, Intercessors for America. If you don't know what the word intercessors means. That's a problem. That's going to be a problem going forward. An intercessor, I better explain it because I don't want people to have a problem. An intercessor is somebody who intercedes in prayer. These are people called to prayer. So there are 500 plus people. It's the 50th anniversary of Intercessors for America. I'm speaking at the gala dinner this evening and I feel so honored. I feel out of my depth, frankly. So that's where the good news is. I turn to God and I ask him to help me and to speak through me because these are prayer warriors. These are heroes. Dutch Sheets is speaking this afternoon. Michelle Bachman spoke this morning. Intercessors America. for It's just a joy to be with a group like this. And by the way, next week, I'm going to be in Lancaster, Pennsylvania. Folks, Lancaster, Pennsylvania. If you can get there or you know anybody who can get there, I think this is going to be a great event in Lancaster, Pennsylvania. I just love meeting people. My favorite part is after I speak, we get, you know, the book signing line and whatever. Even if you don't buy a book or you just want to get a picture or say hello, that's just fun for me to meet people. So Lancaster, Pennsylvania, all this information is available at ericmataxis .com, ericmataxis .com. There are a lot of people listening to this program who are not signed up for the newsletter and you're missing valuable things. Folks, give away a lot of free stuff. What's the date on the Lancaster event again? According to my date book, it is November 16th, next Thursday night. Now, I will say this about Lancaster. It's easy for us to get to from the New York City area. My wife and I had some friends who a couple of friends actually moved to that area. It's a delightful place to visit. So there's a lot of stuff to do there. It doesn't, you know, you think it's just Amish people, but it's actually a really, really great town. Oh, no. Yeah, no, it's it's fantastic. And so anyway, that's next Thursday night. So I'll be there. But I just want to get the word out because sometimes I don't mention on the program, I'm going to be at this or this or this, but sometimes it's already sold out or whatever. But I thought here's an opportunity. So let me mention it. All right. I want to say that in our one today, we have our friend Kevin McCullough coming on the program. You know, Kevin McCullough, we call him, let's try Damas and and Chris Himes. I don't know if you've trademarked that, but you should, because it's brilliant votes to Damas will be on the program. And he it's kind of funny when you're friends with somebody, you know, you sort of tend to take them for granted. Kevin is really brilliant. I want to be real clear when it comes to political stuff. He's he's amazing. And it's always fun to talk to him in our two. We're talking to another absolutely.
WTOP 24 Hour News
Fresh update on "16th" discussed on WTOP 24 Hour News
"Wasn't good enough for the committee. Right the injury happened just a couple weeks ago. Yes, So there's certainly that I think the other issue and it's a big one is the shadow. Shall we say that the Southeastern Conference the SEC casts over all of college football and of course as many of the know listeners that Alabama was the team to get in one loss Alabama. They lost to Texas. They lost to Texas in September Alabama beat Georgia the two -time defending national champion in the SEC championship on Saturday and so the question was is it Alabama or Florida State and the SEC does have a good argument about Performing well in these games the last four national champs were from the Southeastern Conference and six of the nine winners of this college football format are from the SEC so You throw that in the mix as well. And obviously a lot of people might be sick of the SEC The fact is the SEC is very at good this. As we said at the outset not the first time folks have been upset about who got into what and who was National the champion but next year everything expands and more teams are into the playoffs. Potentially solve all the problems it will solve many of them certainly at the very top right because 12 teams will be in so far, not four. But I can imagine Mark and I'm sure you can too and we may be talking about it a year from now that the team that was 13th, 14th, 15th, 16th those teams left out we will hear about that just as we do with the round of 64 you know the brackets and men's and women's basketball and volleyball all kinds of sports. They're always wondering who
Mark Levin
Antony Blinken Wants Israel to Stop Defeating Hamas
"He's trying to make sure there aren't more fronts that are opened up against Israel. It's not what he's doing. He's gone behind the back of the United States Congress, behind the back of the American people, behind the back of the Israelis. And he's negotiating for his so -called two state solution. They They even put that up on their official State Department website. They want to stop defeating Hamas. They want Israel, Doug Ross has a great piece on this. To enter into its 16th, 16th ceasefire over the years, 16th, where Gaza is built, and on and on, and then they attack Israel again. And people are right when they say, and you only this hear on Fox, that there was a ceasefire all the way up to October 6th until the Hamas Nazis broke the ceasefire. But that's not my point. Memory, which is a great site if you want to check it out, E M M R I. Memory .org. So is .org. camera Like the word camera, C A M E R A .org. But memory .org, they have to interpret Arabic and other languages overseas. And they mention a columnist, Hani Salim Mashour. Hamas is not Palestine, an Al Arab London publication. M E M E
Awards Chatter
Fresh update on "16th" discussed on Awards Chatter
"If you're a last-minute gift shopper, then Instacart is your holiday rescue app this season. No more tracking packages, no more trips to the post office, and no more Christmas gifts arriving in February. Instead, you can just download Instacart to order gifts like beauty, tech, and gourmet goods from local stores and get them delivered in as fast as one hour. Plus, right now, you'll get free delivery on your first three orders. This offer is valid for a limited time. $10 minimum per order. Additional term supply must be $21 plus to purchase alcohol where available. Hi everyone and thank you for tuning in to the 515th episode of the Hollywood Reporters Awards Chatter Podcast. I'm the host, Scott Feinberg, and my guest on this very special episode is a tremendously gifted singer-songwriter who is arguably the biggest pop star in the world, all at the age of just 20. But don't take my word for it. The New York Times has called her pop's brightest new hope, a modern and somewhat signature pop star, the promising new voice of her generation, and the most important new pop starlet of the last few years. USA Today has described her as a hero among Gen Z listeners, and Rolling Stone has labeled her one of pop's biggest, brightest, most fascinating, and most brilliant stars, an artist with her own voice who is definitely here to stay. She's managed to put together a one-of-a-kind catalog already. Both of her albums sound like other artists' greatest hits collections. With her 2021 breakout single, Driver's License, she became, at just 17, the youngest artist to debut a single at number one on the Billboard Hot 100. And two other singles, Deja Vu and Good For You, also went to number one, staying there for eight weeks, two weeks, and one week, respectively. Both of her first two studio albums, 2021's Sour and 2023's Guts, went to number one on the Billboard 200. In 2023, she became just the 16th artist to simultaneously hold the number one spot on Billboard's three most important charts, the Hot 100, the 200, and the Artist 100. And she is a Grammy's darling as well. In 2022, she was nominated for Best New Artist, Album of the Year and Best Pop Vocal Album for Sour, Record of the Year, Song of the Year and Best Pop Solo Performance for Driver's License, and Best Music Video for Good For You, ultimately winning Best New Artist, Best Pop Vocal for Sour, and Best Pop Solo Performance for Driver's License.
The Greg McAfee Show
Low Prices = Bloody Waters: Ken Goodrich Shares His Experience
"Often talk about the low price. You're in the, um, you're in the bloody water with sharks and there's too many in with you. And when you get into that clear water of the higher price, there's less competition. You know, people expect a good company to be higher. Anyway, we hear that often. We just expected you to be higher, uh, because they're seeing value and they're seeing quality and service as you know. And, uh, so it just, it just, it's called freedom. It gave us freedom. When I took your advice and we raised our price, it's freedom. It took us out of the bloody water, put us in the blue water where all the yachts are, and we're enjoying it now. Yeah. You don't let me tell you how I got there. I'll tell you a quick story. The day I got my driver's license, 16 years old, my dad hands me three service calls. She says, now you go run them, get in the van and run them. Cause I could repair an air conditioner by then. Right. So I got my buddy, Bob. I pick him up. I don't tell my dad. I said, I'd pick up my buddy so he can ride along with me. And so the first air conditioner, this is a spring time we get, we go up on the roof and it was, uh, it was one of those, uh, pillow block bearing blowers. And the, it, the shaft that he threw the bearing, all that stuff, the whole blower compartment had disintegrated and it was an old unit. And I said, Bob, you got to go down and tell the customer they need a new unit. Cause I was afraid too. Right. He goes, no, no, you do it. I go, Bob, this is why you're here. You got to go talk to him. You're better talking to me. So it's okay. We're 16 years old. He goes down the ladder. He says, you know, tells the customer that, you know, the condition of the unit and, you know, Ken says he doesn't recommend you put investing more money in this thing. It's too old. You should consider a new unit. And, uh, Bob comes back up in the ladder and goes, Hey, she says she wants it, but how much? I forgot to tell him how much. Well, I didn't know. So I said $4 ,800. So Bob goes back down the ladder, tells the customer, he comes back up with a check. He said, he says, okay, I told her we'd be back tomorrow to put it in. I said, okay, great. So we pack up. We go, we go to the second job, compressor short and old unit. Hey, Bob, go talk to the customer. Next thing I know, Bob comes back up with another $4 ,800 check. Then we go to the third job and the customer says, Hey, I was thinking about replacing this thing before you put any money in it, blah, blah, blah. How much does the new one cost? I said, $4 ,800. So he said, okay, let's just do that. So I sell three jobs on my 16th birthday. You know, the day I got my license, I never sold air disrupt for $4 ,800 each. Right. And so I go back to the shop and tell my dad and he kind of blows toughness. Where did you get that price? I said, well, that's what I heard you charge Mr. Henderson, you know, last week he goes, that was for a whole house and all the duct and it was a bigger system and blah, blah, blah. I said, Oh, you want me to give the money back? He said, hell no. You just learned the first lesson that customers will pay for value and they value us and they value you and they're going to pay for that. And so that was my lesson back way back then that has kind of kept me down that path. And I'm not afraid to, to make a profit. And by the way, let me throw this at you. Think about it this way. And this is why I tell some customers, let's say that your target is 20 % in net income, right? 20 % profit you're going to pay taxes on. Then you pay your typical, whatever, close to 40%, pay some state tax, whatever. So you're, you know, at the end of the day, you're at 10, 12 points, really net net. I mean, we only make 10 cents on the dollar. It's not like we're, you know, making 80 cents on the dollar. We're making 10 cents on the dollar, even by charging correctly. So when a customer comes at me and starts talking, I go, well, look, we make 10 cents on the dollar. Can I make my 10 cents? Like, do you want me to invest in your home by giving you 20 % back? Because if I give you 20 % back, I'm giving 10 more percent than I actually made. And I'm investing in your home for some reason. I'm not that Kirk, but you get the point.
The Dan Bongino Show
Fresh update on "16th" discussed on The Dan Bongino Show
"Coverage. Contract -free plans and always free activation with consumer cellular. Now at your local Target. While you're there, check out our newest phone, the Iris Flip. It's all the phone and camera you need. Plus, it features a user -friendly design making it the perfect flip phone. From now to December 16th, you can score $10 off when you buy the consumer cellular Iris Flip at Target making it only $39 .99. Visit your nearest Gino. More than a dozen people were shot due to gun violence this weekend in Chicago. News
The Bitboy Crypto Podcast
A highlight from CRAZY XRP Price Pump Incoming! (Here's Why)
"Welcome to Discover Crypto, I'm Drew here to bring you the truth. An XRP is setting up for an explosive move right now after breaching 60 cents and setting up an overall higher low pattern over the past year and a half. You have to realize that the most exciting thing about this consistent growth is the fact that this project has been fighting the SEC for the last three years. The SEC, one of the largest regulators in the financial markets across the world. Last week, it was made very clear that NASDAQ is beginning to decouple from the crypto markets in the wrong way. Crypto is booming while the traditional stock market is failing. This is causing pain for banks that are invested in underwater securities. This is causing pain across the traditional finance markets and with that pain comes the sourcing of new opportunity. And as we sit right now, Ripple Labs and XRP are now the most regulated cryptocurrencies on the face of the earth. What do you think large institutions are going to choose a crypto project that's not been run through the legal ringer and knows all the clarity and has all that compliance figured out or are they going to dive into the unknown? You make that decision for yourself, but where it sits right now, there is no arguing that Ripple is one of the most compliant cryptos for all of these overreaching laws on the face of the planet. And the final showdown between the SEC and Ripple is right around the corner. On April 16th of 2024, they're going to have their final meeting between the two parties to come up with a final settlement. Now you've got to think about the timing of April 16th, 2024, right around the Bitcoin having absolutely incredible timing. But Ripple is no stranger when it comes to incredible timing of wins against the SEC or the rollouts of the different programs within the government that it's involved with. For instance, the SEC's first loss within this larger lawsuit against XRP came the same month that FedNow went live in the United States. That is quite a coincidence. One other coincidence that's important to note is that FedNow is only bank to bank payments in digital cash, but what's coming mid 2025, right around the peak of the next bull market if we do follow the four -year halving cycle, will be the rollout of what's called FedNow. This is a worldwide payment system for the Federal Reserve to go from person to bank, person to person, or international remittance payments. That is the moment where the true full potential of XRP will be realized. And really the plan comes as no surprise. You have people on the board of Ripple like Rosie Rios, whose name is on a hundred dollar bill in the United States. You have overlapping connections to central banks across the world, working with XRP and the ledger to roll out their version of digital payments. And it is moving at bright next speed outside the United States. Really the only reason that we've seen this slow roll in the US for the digital payment services and primarily working with Ripple in front of the public is because they don't want to be, is because they don't want the mainstream public in the know. You can't make too many major winners out of a transformation of one of the largest financial systems on the planet. There is so much going for us in the crypto market right now. You have to step back and look at the forest through the trees. The US is on a debt death spiral that major lawmakers are absolutely making note of, and they are looking for options. It's coming at them quick. The US government has no intention of slowing down spending over the next few years. So these major markets are going to be looking for new places to park their gains. This is the perfect storm for us in the XRP community because it's finally time over the next few years to flip the switch.
Crypto Banter
A highlight from It's Time To SELL Your Bitcoin For MORE PROFIT! (WATCH NOW!)
"Back we're in the midst of what we're going to call a bullback a bullback it's exactly what you heard it's a bullback it's a new term that we need to know for this bull market what it is it's a pullback in a bull market that's worth buying or that must be bought that's a bullback and we are now in the midst of a bullback on bitcoin in the interim while this bullback is happening we are getting our alts exploding i don't know if you guys have been following but stargate which we called on the show is absolutely exploded doge which we called on the show also absolutely exploded we're getting a whole lot of green bubbles arbitrums up 7 .69 gala's up 21 .74 doge is up 10 .98 and the list goes on and on and on my big question is how is it that the alts are performing better than bitcoin but the dominance is actually going up and i'm going to show you what that means because there could be a signal now that's telling you that while we're having this on bullback bitcoin we should probably be putting some money into alt so we will actually look at that today and i'll show you a few indicators that show that maybe it is a time that you should be taking some money and putting some money into altcoins and i'll show you potentially which altcoins the signal is actually flashing for then i want to talk about something completely different because you probably noticed this and you've probably seen a lot of influences talking about the great decoupling and what they're referring to is they are referring to the fact that the nasdaq has completely decoupled from bitcoin and for the last seven days bitcoin has been going up and the nasdaq has been going down in fact the nasdaq's had quite a a bloodbath equities are having a bloodbath so i'm going to show you what changed because something changed somewhere along the way in fact it changed around about here and i'm going to show you exactly what changed you saw it i saw it but i don't think at the time or right now we have put one and one together to show you what actually happened and why the nasdaq is going up and all of a sudden mysteriously bitcoin continues to go up so we're going to talk about that um and then while we're there i want to talk about whether if the nasdaq has a correction because a lot of people are now saying that the nasdaq could have a massive massive massive correction what happened to bitcoin can bitcoin survive a big nasdaq correction will bitcoin thrive if there's a big nasdaq correction or will bitcoin be treated as a risk asset and then we'll start going down so i want to talk about that and then there's one last thing i want to talk about today i think this pump may be a conspiracy so i have a conspiracy theory that this pump may be a pump that is created on purpose by the higher powers that be to distract us from what is actually going on and what's actually going on is really bad for bitcoin i know it sounds bad and i'm not usually a conspiracy theorist but at the end of the show i'm going to show i'm going to show you this conspiracy theory i genuinely genuinely genuinely believe that this pump has been manufactured to show us or to distract us from what's actually going on under the surface and what's going on under the surface is actually not really good for bitcoin so that's what i think so listen we've got a lot to do today we'll try and get through the alpha as quickly as possible but for now let's get the show on the road all right we are back we are back we are back we are bringing you we are bringing you um amazing amazing amazing coverage today we've got a massive massive massive show today but before we start the show i'm going to tell you something that happened to me last night when which will you hear it it will blow your mind so what happened was i went to bed last night bitcoin was at about thirty four thousand eight hundred dollars and i woke up in the middle of the night and i looked at my phone and i caught the absolute fright of my life why because this is what i saw i opened my buybit screen and i saw thirty two thousand five hundred and eight i was like holy shit what the hell has happened here you know what i was doing i was looking at the bitcoin trading bitcoin euro pair not the bitcoin dollar trading pair crazy i know i know i know um just be careful it doesn't happen to you because it can make you feel it can make you feel like the market's taken a 20 correction when the when the when when uh when a 20 correction hasn't actually happened so try try for that not to happen to you guys because not a great feeling not a great feeling um before we get on to the alpha of the shot i do want to remind you guys that we have our competition happening in banter bubbles you see we've created a a winner bitcoin bubble uh tab for you guys here um you can also get into it by going into the the bitcoin bubble just click over there if you want to win a full bitcoin it's very very very simple you need to have a banter referral link or an account at any of our exchange partners with a banter referral link any banter referral link once you do you need to predict the price of bitcoin on the first of the first 2024 at zero zero zero zero zero one on on coinbase and when you do you can actually stand a chance to win half a bitcoin if your prediction is the closest for every exchange account that you have you're going to get five entries into the competition but you can't enter more than once a week you can't enter more than once a week so when you know what your prediction is just click on ready into your prediction so let's say i think it's going to be 55 000 for example my buybit account is four five six seven eight two and i submit my prediction okay but um okay so i've got to submit my prediction to two decimal places let's submit the prediction okay please make sure your prediction is exactly two decimal places okay let's just quickly go fifty five thousand eight hundred and twenty two zero zero eight hundred twenty two point zero zero and let's submit that okay judge is not letting me submit a prediction it says i'm gonna submit to two bitcoin so um go and do that it's on banter bubbles right now so how do you get into it you go to banter bubbles click on the winner bitcoin tab and then that'll take you into the prediction josh is just fixing the prediction first not having a good day today josh my sound didn't work and my bubbles didn't work not looking good not looking good anyway listen let's get on with the alpha of the show first of all if you're not already subscribed to our channel do that now before we continue do that right now if you are subscribed just smash the like button give us some some love let's get the show on the road let's see if we can get to 1500 likes i do want to show you my conspiracy theory i do want to show you and i want i want to hear your views on my conspiracy theory i do also want to show you um why it may be time to start buying alts i want to show you about i want to talk about this decoupling because this decoupling is actually real and i want to show you what actually caused this decoupling because when you see what caused it you'll say ah i i knew exactly what it was and now it all makes sense and then we can work out whether or not the market can survive a stock market crash if we actually get a stock market crash so that is what we're doing today for now let's get the show on the road let's quickly go into the charts let's look at this what's happening in the charts as i said to you what we're doing it right now is we are consolidating we've had a as i said it's a slight bullback exactly as i said it's a bullback what is a bullback a bullback is when you get a slight pullback that is very very much worth buying and that's pretty much how you've got to look at these pullbacks in the bull market it's a consolidation we are consolidating right here but what you're probably noticing in this consolidation is that a lot of people made a lot of money on bitcoin and what you're probably noticing is that the altcoins are starting to pop so you're getting the bitcoin dominance going slightly down but very much it is on the way up and then what you're getting is getting the altcoins rallying i mean just look at this week for altcoins most of the good altcoins have destroyed or obliterated the bitcoin performance hex is up 130 percent uh mina protocol up 73 .5 percent injective up 43 percent pepe up 96 percent chain link 50 percent up so this has been an amazing amazing run for altcoins it's been an amazing run for our altcoins dogecoin stargate i did show you show you all the ones that we actually got into some in the competition and some not in the competition um but what you're seeing is you're seeing that the dominance has come slightly down and even the dominance is very very very much on an uptrend you are seeing a big move to altcoins i'm going to show you why later on the show i'm going to show you why it's probably a good time to start putting some money into altcoins i'm not saying go crazy and sell all your bitcoin but put some money into bitcoin i also want to remind you that a few days ago we a lot of people are talking about the halving and they're saying that this cycle is going to be this pre -halving year is going to be like previous pre -halving years and i said to you what you've got to do is you've actually got to pick a fighter you've got to pick a fighter your fighter is either going to be the etf or the halving cycle and the reason why i said that is because if we follow the halving cycle theory then in theory we should continue to go down until a little bit before halving and that's usually when we break out but i said to you that i don't think that's going to happen i said that what i think is going to happen is i think the etf magnet is way bigger than the than the halving magnet and i think this year is actually going to be different because what we're getting is we're getting the etf news which is much bigger than the pre -halving sell -off that usually happens and it's going to change the way that the cycle plays out and what we see now is that everyone's starting to notice exactly what i said it says bitcoin is starting to do something completely different to what it did in 2019 at the same point in the cycle you can see that over here you see there's there's a breakout over here so that's what that is the cycle that is actually starting to happen and i think i'm much more a believer in this cycle that says that it will have we have 750 days to go until the next cycle high which which is which yeah so from now we've got 750 days to go until the next cycle happened actually if you want to talk about cycles the biggest cycle that i'm actually subscribing to and i did do a show about this a long time ago i said that uh the biggest cycle that i'm actually subscribing to is this cycle over here which shows that from 2023 so this this was done in the 19 in the early 1900s and um it was uh it's called the benna cycle predicted most major downturns it was published in 1875 150 years ago and it's it's been pretty accurate and what it says is from 2023 you will make quite a bit of money till 2026 but then get out in 2026 and buy in in uh in 20 uh and buy again in 2032 or something along those lines look i plan to be well retired by the end of 2026 and i think if we play our cards right we'll all be well retired by the end of 2026 so then the rest of this cycle thing doesn't actually matter it actually becomes a whole lot of garbage i see yuri's back we haven't seen yuri here for a long time yuri welcome back we haven't seen you for a long time actually let us know if you are present gabby says the etf is his fighter call it's a good day mate that's a good day mate iCP will make millionaires i'm not sure if iCP is going to make millionaires uh blockchain oh Raymond is here Raymond's present Marvin is present Raymond can't jump into the back end anymore because we've changed our system so we don't actually see him in in the back end anyway let's talk about something a little bit more important and that is the decoupling that the that bitcoin has had from the stock markets and specifically that decoupling happened or started not so long ago i would say that if you were to guess let me know how many days ago this decoupling started but i think it started about two weeks ago right and ever since two weeks ago what you've seen is you've seen something very interesting play out you've seen the nasdaq pull back in fact yesterday was the nasdaq's worst drop of 2023 and yesterday was one of the most bullish days for bitcoin right at the same time you have the nikai crashing which is a Japanese market selling but i want to show you if you look at the nasdaq since the friday the 13th of august the nasdaq's down seven percent at the same time if you look at the nikai the nikai is also down about seven percent which means that global equities world markets not doing very well right and if you look at what's happened to bitcoin which is this orange line over here you've got like this strange decoupling because these guys have been pretty well correlated up until something happened around about there and i'm going to show you exactly what happened round about there i'm going to show you how powerful this is and what this actually means for bitcoin right when you get it just say aha or just smash a like or just let us know that you've actually got it what you definitely know is that there has been a decoupling i mean you can't deny it i mean the charts are basically showing you that there has been that there's been very much a decoupling and in fact if you zoom out in this decoupling what you can see is that somewhere over here look at the date monday the 16th of october there was a breakout which gave bitcoin huge strength against traditional markets and from that point traditional markets started to go down and bitcoin started to go up now you may say well that must be as a result of the war possible could be because of the war the war however the first invasion was on the 7th of october right so what is it that happened on the 16th of october that made bitcoin completely completely completely outperform the market and could this be a sign of what is about to happen i mean everyone's starting to see it there's been a lot of tweets that are going that are going on here um showing people that actually something happened and bitcoin has decoupled bitcoin up 33 percent nasdaq down minus seven percent very interesting short -term decoupling um we're also getting some uh big trouble on the market so the yesterday was a very very very bad day for the tech stocks google had its biggest move down i think since its ipo or something it had a huge move down this we could just go to the google chart um let's take a look at google let's see google ah man hold on a second i think they changed the name to alphabet there we go so let's look at google so yesterday if you look on the daily well you see it doesn't show you the red candles but if you look at where it came from and where it started went down 10 .36 that is massive massive massive uh for google and now there's a lot of concerns that these magnificent seven are going to start crashing if you look at nvidia nvidia also not really a pretty picture so it's gone down from 475 to 421 in just a matter of days and there's big concerns that the nasdaq is maybe entering resistance or maybe entering some kind of crash territory and the magnificent seven stocks may be starting to come down people are saying look there's maybe been uh head and shoulders or maybe just a series of higher lows either way from a chart pattern um not not very good that's that's what yesterday looked like on the traditional markets and yesterday we know that we had on bitcoin one of our um one of our best days or certainly the last couple of days that have been some of our best days so what actually happened well the first thing that actually happened is you can see it in this three months so you can actually see what actually happened it was around here october 17th see there we go and you can see that a few charts start to turn october 17th bitcoin starts to go up gold starts to go up and ethereum starts to go up versus the nasdaq and the s &p which actually start going down so where did that happen just look at the date because the date's quite important october 16th that's exactly when it happened so on october 16th something happened which took the gold market up and took the bitcoin market up and took the stock markets down and changed the correlation between here's how the markets are doing and the traditional assets so you can see this chart we always look at this chart and it shows the correlation between bitcoin and certain assets okay now you can see that these lines have always been very very very correlated until very recently where bitcoin started to become more correlated to gold then it started to become two stocks okay so why what happened on the 16th of what happened on the 16th of october that changed that what happened on the 16th of october that all of a sudden bitcoin started to start being correlated to stocks and start being correlated to gold and if you can work it out maybe that's a sign for what bitcoin is going to do in the next coming days weeks months years so let's look at what actually happened well one massive thing that actually happened on this day scarecrows do you know what happened on the 16th of october 16th of october something happened somewhere on or about 16th of october what happened well that's the day that larry finke went on television and says that he thinks that crypto is a flight into quality that is the day where everything changed literally if you go back to all the charts the correlation this was posted on october 16th this rally is way beyond do we have sound we don't have sound today is about a flight to quality with all the you know i'm not hearing it around the war now global terrorism and i think there's more people running into a fight the quality this flight to safety whether that is in treasuries gold or crypto depending on how you think so this flight to safety discussion this flight to safety tweet this flight to safety interview this flight to safety narrative all started on the 16th of october and from the day that that started everything changed now i know you probably think well no it's completely coincidental i don't think it's coincidental i don't think at all that it is coincidental that specifically on the day that larry finke who is the world's biggest asset manager or he leads up the world's biggest asset manager i don't think that it's a coincidence a coincidence that on the day that he says that bitcoin is a flight to safety on that day the correlation between bitcoin and all other risk assets starts to change and bitcoin starts to become much more correlated to gold than to any other risk assets the king has spoken the head of the biggest asset manager in the world the one who creates all the investment narratives went up onto stage and said from this day forth bitcoin is a store of value it's a flight to safety which stocks are not and from that day we've got bitcoin much more correlated to gold now if we get that then we should maybe consider something which which is quite interesting so gold has a market cap of 12 trillion dollars okay bitcoin has a market cap of six seven hundred billion dollars okay when we have the halving next year the stock to flow ratio changes and gold is very much priced using a stock to flow ratio if you're going to price bitcoin on a stock to flow ratio after the halving then according to this we should get a market cap of 20 trillion dollars or a million dollars for bitcoin i think that that's a bit ambitious but it does show you that if larry think changed the narrative if larry think went out there and changed the narrative then then if people start pricing this like gold then we need to start applying gold valuation methods to uh to to bitcoin and you can see that the date is freakishly october 16th which is absolutely crazy i think i also had another tweet that i wanted to show you so i wanted to show you tweet over here which shows that if you look at bitcoin as an asset class performance in 2011 bitcoin was the best performing asset class the second was gold 2012 best performing asset class 2013 best performing asset class 2014 worst performing asset class 15 16 and 17 best performing asset class 18 worst performing asset class 19 2021 best performing asset class 2022 worst performing asset class, okay Now I remember when you were kids and they used to give us those puzzles and they say like What's the next part of the pattern here? So what is scarecrows? What is the next part of the pattern yet? So we had three Positive best best performing asset one worst three best one worst three best one worst What happens in 2024 and 2025 into the halving years and into the election years? Two more best and then what happens in 2026 when by the way when this cycle here says that things are going to turn The next bear market starts do you see how all the pieces are starting to come together? Do you see how all the pieces starting to come together here? Anyway, you choose how you want to see it regardless though We can see that when Larry Fink opened his mouth even though here in in in crypto We just thought that was great and him talking up his book He actually maybe maybe maybe he's the reason why things changed specifically on that day I mean, I think that that was the big endorsement that made all the fan managers realize that you know What maybe this thing is actually a flight to safety.
The Bitboy Crypto Podcast
A highlight from Bitcoins Most EXPLOSIVE Bull Market Ever Is Coming! (Here's Why)
"Last week, on October 16th, we watched Bitcoin jump from just below 28k all the way to $30 ,000 in less than 10 minutes on the release of a fake report by Cointelegraph. That fake report was going to be the BlackRock ETF apparently finally launching. Then late Monday night on October 23rd, we saw prices absolutely destroy resistance and hit $35 ,000. All of this explosive price action has come from an excitement about the incoming Bitcoin ETF. It has gotten a lot of people interested in the prediction of what will be in fact happening when these ETFs are finally approved. Now while no one can give the exact number of when the bull market is going to top, in this video we are going to be diving deeper at the surrounding circumstances as well as how much money could actually flow into Bitcoin's price action to help you better understand just how significant these ETFs are and why this bull market just might be the most explosive one yet. It's time to discover crypto. Now before we get too far, let's make sure we lay the basis of what an actual ETF is. An ETF is a publicly traded investment vehicle that tracks the performance of an underlying asset or index. This is different from a stock because stocks only track the price action of one company. ETFs are a popular way for investors to get exposure to the value of an asset like gold or oil. They usually trade on traditional stock exchanges and their value should rise and fall when the asset increases or decreases in price. Now the first ETF launched all the way back in 1993 and they quickly became a popular way for investors to invest into a basket of assets all at once. More than likely you have heard of this ETF, it's called the S &P 500. When you purchase the S &P 500, instead of buying shares in 500 separate companies, the singular ETF lets you gain exposure to all of them combined all with one purchase. While we have had Bitcoin futures ETFs for a while now, which allow investors to trade future price action of Bitcoin, the news is currently flooded with stories about Bitcoin spot ETFs. A spot ETF is where a centralized entity like BlackRock purchases a large amount of Bitcoin, but then allows other investors to use the stock market to invest in Bitcoin at specific price and also take profit. But the Bitcoin would always belong to BlackRock, not the investor. Effectively, you could invest in the price movement at Bitcoin at any given price immediately without having or ever worrying about actually holding that crypto yourself. If you ever heard of the phrase, not your keys, not your crypto, BlackRock is essentially going to be holding and purchasing all of your crypto for you. Now for those of you who are currently holding Bitcoin and have learned about the advantages of self -custody, you might be asking why wouldn't the masses as well as the institutional investors just buy their own Bitcoin? Well while it seems like that should be simple, it actually can be a little complicated. While I personally would always advocate for self -custody, there are a couple of reasons that somebody would prefer an ETF. One of the biggest reasons is going to be just because of regulation, but they also may just not want to have to deal with the risks that come with and all of the burdens of self -custody ownership of a spot Bitcoin. An ETF would be approved by regulators and managed by a firm that would buy and hold the Bitcoin on their behalf. So they have nothing to worry about at all. In July of 2013, the Winklevoss twins with their Bitcoin trust filed for the first Bitcoin ETF proposal ever in the United States, yes, 10 years ago. It was rejected along with every other subsequent proposal for years. Then came along the ProShares Bitcoin strategy ETF and that became the first Bitcoin futures ETF available in the United States on October 19th of 2021. The purpose Bitcoin ETF used the trading ticker BTCC and made its debut in Toronto in early 2021. According to its issue purpose Investments Inc, this ETF invest directly in physical slash digital Bitcoin. And that's where things stand of as today. As I said before, there is a Bitcoin's futures ETF available on the US market, but not yet a spot Bitcoin ETF. But if the SEC does and has approved a Bitcoin futures ETF that claims to be investing directly into Bitcoin, then why hasn't it approved a spot Bitcoin ETF just yet? Well, that's the question. I think it's shocking that we don't have a better answer to that question. Nobody really knows. There have been a lot of applications, several rounds of frustrating congressional testimony by his ugliness, Darth Gensler, the vague. But none of this has actually ever yielded anything concrete other than a reluctance to allow Bitcoin to further integrate into the existing financial system. Now, Gary Gensler, everybody's favorite human being, got his start at Goldman Sachs. And there has been a lot of speculation that Gary Gensler wants to become the secretary of the Treasury after Janet Yellen. This would allow him to do the bidding of his old buddies on Wall Street. In other words, he's deliberately stalling while trade five bankers scramble up to catch up and bring the market centralized options to compete with Bitcoin. J .P. Morgan, for example, deployed its JPM coin for corporate clients in Europe in June of twenty twenty three and has been rushing the rollout of its onyx coin systems to the market. Now, no one can actually say for sure, but from the outside looking in, it sure seems like something corrupt is going on somewhere. I mean, it's never like JP Morgan's committed market manipulation in the past. Now, the SEC is currently reviewing applications for spot Bitcoin ETFs from the likes of Blackrock, Wisdom Tree, Invesco, Galaxy, Wise Origin, Vanick, Bitwise and Valkyrie digital assets. They recently delayed all of these again, but they are going to have to either finally approve or deny many of them by March of twenty twenty four. Oddly enough, this falls very close on the calendar to the estimated date of the next Bitcoin halving, which is currently projected to take place near the end of April twenty twenty four. And even more interesting, during a panel discussion on ETFs at CC Data's Digital Assets Summit in London, former BlackRock managing director Steven Schoenfeld, and I don't know if I'm butchering that name, who now serves as the CEO of Market Vector Indexes, predicted that the US SEC will approve a spot Bitcoin ETF within three to six months. Another ex BlackRock director, Martin Bednal, now CEO of Jacobi Asset Management, speaking at the same time at the same event, said that he also believes the SEC will approve all of these Bitcoin ETFs together. Now, this is to avoid any signs of market manipulation and make sure that BlackRock's not looked at as the favorite from the SEC. But if the approval of all these spot ETFs syncs up with a 50 percent reduction in a new issuance of Bitcoin, that could provide the basis of a very powerful bull run, a huge drop in supply, combined with a vast amount of new capital entering the Bitcoin market and generating demand. But how much demand? How much are we really talking about? And how much would the price actually move? Well, the combined market caps of these firms is around seventeen point eight trillion dollars. Yes, that's a lot of capital. The assets under management and all of this is hard to capture exactly because companies like Vanguard, State Street and BlackRock all have leaders who sit on each other's boards and they all effectively own each other in some way or another. Now, this makes it pretty hard to precisely estimate. However, going back to Stephen Schoenfeld, who may have mentioned before, says that his into Bitcoin, specifically into investment products over the next three years. Now, Bernstein estimates that the crypto fund management industry will grow to over five hundred billion dollars of assets in the next five years. And then there are lasered eyed maxis like Michael Saylor who think that Bitcoin is just going to go to infinity. So what's realistic to expect in terms of inflows and how much would that move the price of Bitcoin? Well, again, this is tough to say. But in March of twenty twenty one, Bank of America published a research note with some interesting observations on the subject. They claim that, quote, Bitcoin is extremely sensitive to increased dollar demand. They claim that it would take at least two billion dollars worth of inflows to move the price of gold by one percent and over two point two five billion to move 20 year plus treasury bonds by one percent. Thank God we print money. But Bitcoin was much easier. The analyst said, we estimate a net influence of Bitcoin of just ninety three million dollars would result in a price appreciation of one percent. He also added, looking at detailed block chain records, we find that the largest addresses have not been selling in aggregate since the beginning of the pandemic. That was back in twenty twenty one. And since then, whales have continued accumulating and supply held by long term Bitcoin holders has hit an all time high. So the supply of Bitcoin is still decreasing and Bitcoin is still very sensitive to increased spot demand. So let's have some fun and do a little bit of moon math. If we're looking at investment firms with a combined total of seventeen point seven trillion dollars of assets, let's say that they move just about one percent of that money into spot Bitcoin. That would be about one hundred and seventy seven billion dollars worth of new capital inflows into spot Bitcoin using Bank of America's estimate of about 90 million dollars to move Bitcoin up one percent in price. That would mean that in one year, the price of Bitcoin would rise a little bit over nineteen hundred percent. Now, at today's price levels of about thirty four thousand dollars per Bitcoin, a one thousand nine hundred percent increase over one year would put Bitcoin comfortably over the six hundred and forty thousand dollar price level. That to me seems wildly bullish and way too high. And I want to emphasize that there's a lot of estimation and assumption going into that calculation. But there is no guarantee that these spot Bitcoin purchases are going to be market orders and directly impact that price. And there's no way to know how much selling might be done once these numbers start to run up. Still, though, there's no denying that the mass approval of spot Bitcoin ETFs, combined with a new Bitcoin halving, would bring about a huge increase in demand alongside a huge reduction of supply, very similar to what we saw in 2004 November when Gold launched their ETF in the November of that year. That's just what I think. Let me know down in the comments how you think all of this is going to play out. Will the SEC approve a spot Bitcoin ETF or continue to keep them shut out of the market? And how much money do you think institutions are going to be bringing into Bitcoin once the ETF actually gets approved? Or do you think secretly they're already accumulating? That's all I got for this one. Make sure to smash that like button and subscribe to the channel to keep yourself educated on all things crypto. That being said, I'll see you all at the top.
The Bitboy Crypto Podcast
A highlight from Ben Cowen's Ethereum Prediction WRONG?!
"What you'll notice is that every time Ethereum made a rally to new highs, it did not happen until Ethereum went home first. Home is the lower regression band, right? Go home, new highs. Go home, new highs. Go home, new highs. Still got to see ETH go home, my friends, and it hasn't happened yet, so I think that it will. The Ethereum bears are out in force, and predictions about Ethereum hitting new lows are coming fast and heavy. Even Ben Cohen, one of the brightest minds in the crypto world with top -notch analysis of the markets, is saying that it's all red candles coming for Ethereum. But even in his own words, he does not get every call correct. Well, in a recent video about Ethereum capitulation, I actually found two points that Ben used that are faulty arguments. In this video, I'm going to break those down for you. It's time to discover crypto. I'm sure there are many of you who are watching at this point who think I'm crazy to question the great mind of Ben Cohen. And some of you might have no idea what I'm even talking about. For those who have not seen his video, I highly recommend you go give it a watch. Ben gives some pretty bearish targets for Ethereum price using the Ethereum over Bitcoin chart. And while I actually agree with most everything he says, as well as his predictions about how far Ethereum could drop in price over the US dollar, there were two points that he used as support in this video that I believe missed the mark. If you are excited to hear what those two arguments are, make sure you take a second and smash that like button and subscribe to the channel. Now, I do have to say, over the last couple of months, I have found the charting that Ben and I do to be quite similar, and often find our predictions to be extremely close. Ben and I have both received backlash for our predictions that Bitcoin dominance would approach the area about 60%, that Cardano would see new lows, and that the altcoin space as a whole is just not ready for a significant bull run. Yet. The reason for this has a lot to do with the fact that at this point in the four year cycle, it's not time for alts or Ethereum to gain dominance on Bitcoin. But rather, with one more solid capitulation, crypto dominance should flow into Bitcoin. Ben Cohen is one of the best at breaking down former movements in the charts to show consistent trends that help predict future movements. That is why I was so surprised when I heard him make these two mistakes. What are they? In the video, Ben seeks to explain why Ethereum could be ready for a large crash, and heavily uses the Ethereum over Bitcoin chart to back up that theory. This chart is an amazing tool to help get a clearer picture of how Ethereum will perform along with the Ethereum over USD chart. But the problem is Ben uses the wrong time periods, and because he's using the wrong time periods, the crash he is predicting is much lower than it should be. Take a look at his first argument. One thing that we should discuss is this thing. And I told you guys a long time I thought this was going to break down to the downside. We said this I don't know how many times. And it looks like it is. It's already on a regular scale. It looks like this is breaking to the downside. Now the formation you're looking at is called a falling or descending wedge. More often than not, these patterns normally break to the upside. However, there are times that the support line is broken and price action falls. But this should not come as a surprise. It should not. We have talked about this likely outcome for a long time. It's the exact same thing that happened last cycle. And I distinctly remember people saying the same thing last cycle and saying, oh, well, you know, this is a bullish descending wedge that breaks to the upside. Right? Everyone said it. A lot of people are calling for it. And guess what? It broke down. It broke down. Okay? And it broke down pretty hard, in fact. I mean, there was not much relief in this drop. From this drop, this started on July, you know, mid -July. Did you watch those dates? He's comparing the falling wedge of October of 2023 to the falling wedge of July of 2018. Those dates are very important. It was almost down only with a few green days, but it was almost down only for two weeks straight. And then after two weeks, we got like a, you know, a few days of a pump from like August 3rd maybe to like August 6th or 7th. You know, four to five days of relief, followed by from August 7th to September 14th. And you're talking about another four to five weeks, basically, where it was just dropping every single day. Ben uses the drop of 2018 to compare a potential drop coming in the next couple of weeks. And this is where he thinks we will fall. In that range, I think it's much more likely that Ethereum eventually makes its way down to that 0 .03 to 0 .04 range, meaning it goes below 0 .04. Okay? Below 0 .04. Which from this level, it would mean Ethereum dropping another 31 % against Bitcoin. You know, I'm not talking about USD yet. We'll get to that later, right? But I'm talking about against Bitcoin, another 31%. And if it goes to 0 .035, which I think is a likely outcome, it's a 39 % drop. 39 % drop. This would be a wild crash for the Ethereum over Bitcoin chart. But if we repeat the falling wedge of 2018, then this is absolutely doable. The problem, though, is that using the falling wedge of 2018 is the wrong comparison to make to the one happening now in 2023. Why? Let's look at the charts ourselves. So these are the two time periods that Ben Cohen is using to compare current price action to former price action. And while it's tempting to believe this could be true, let's take a look at the dates of the time period. If we go back over to this first one, back in 2018, we're looking at the time between May of 2018 and about July of 2018. This is very important because, again, remember we want to heavily use the four -year cycle. This means that that price action actually doesn't correspond to 2023, but rather a cycle similar to 2022. Well, what happened in those time periods? Sure enough, just like it, we had a big crash right back here in May of 2022 into June, right? So it's not quite a perfect four -year cycle, but it's right along the same time period. What he's using right here is this falling wedge that broke out to the downside and then continued to crash further into September of 2018. The problem is it's the wrong falling wedge. In reality, we actually could look at another falling wedge pattern happening right here in the year 2019. Let's go ahead and just draw a little bit of what we see happening right here and I'll show you why. Instead of looking at a falling wedge of 2018, we really should be looking at this falling wedge right here back in the year 2019. You guys can see right here, similar to what we're doing in 2023, we did develop a nice falling wedge pattern with lower highs and lower lows that were constricting. And even right here in August of 2019, we broke below the support level, even came back up, if I were to zoom in for you, and turned that level back into resistance before we faked out, came back up into the formation, and ended up moving to the upside. This is actually a much better time comparison to the falling wedge that we're currently looking at right here as we're looking at the date of October. October 16th is actually the date we're shooting today. Now, again, we have fallen below the falling wedge and I heavily expect for us to move down possibly even as low as down to the .049 level. Bitcoin dominance will increase, Ethereum dominance will decrease, but to fall all the way down to .035 that Ben talks about in this video, that's a little strong and it's using the wrong falling wedge time period instead of using the one in 2019. But this wasn't the only faulty timeline. Let's take a look at mistake number two where Ben is comparing the distribution phases. You have your first initial move in 2016 and then a double top distribution phase in 2017 and 2018. So you have 2016, 2017, 2018. Here, we had 2020, 2021, 2022. I'm arguing that this move is similar to this one and that this distribution is similar to this one. Ben is using distribution phases to back up his prediction of the 39 % drop of Ethereum over Bitcoin. For those who might not know what a distribution phase is, the simple way of describing what you are seeing is that the price shoots up to a high before selling off and then makes one more push to a similar range to take profits one last time before selling off hard. 2017 and 2018 is a perfect example of this, but once again, we have a little bit of a timeline discrepancy that gives a faulty prediction. Let's go back to the charts. So let's identify the different peaks that Ben talks about in this video. These phases right here where we had the pre -bull market rally and then our distribution phase. And then he takes a look again and looks at our pre -bull market rally and then goes and puts these two peaks right here as our distribution phase. There's a problem with this, though. Let's look at the dates. And remember, we're talking about a similar four -year cycle type of scenario. This first pre -bull market rally, we're talking about March. You can even stretch it all the way to May of 2016, right? Well, let's move it over here. We're talking about a little bit late, but September is the first time in 2020. You also can look back here at March. We're really kind of looking at this as this being the similar time period of our pre -bull market rally. We had one extra one that happened in January that probably could kind of correspond to the one that happens in March of 2020. This is a good call. I have no problem with this part of the comparison. Where I do have a problem, though, is when we move up into this distribution phase. Let's look at the date right here. June 12th of 2017. The second one we're looking at in about January of 2018. These do not correspond to the two peaks that Ben uses in his video. In reality, we actually are going to see this peak right here. Again, June of 17 corresponds right here with May of 2021. Our second peak in the distribution phase happening right here in January of 2018 will correspond with December of 2021 when Ethereum hit an all -time high. These marks are not the same. In reality, the second distribution phase that Ben talks about, or in this case it looks like a third one, happens in September of 2022. Now, this isn't going to be a perfect timeline, but that has a lot more to do actually with a dip all the way down here before the falling wedge starts. This little dip right here in May of 18 actually should correspond right here to May of 2022. Now, this might seem confusing, but I'll explain why this makes sense. In September of 2022, this is the mark where Ethereum flipped from being a proof -of -work coin to a proof -of -stake coin, so the charts of the four -year cycle have completely changed. Instead of back of June and July in 2018 leading to a massive crash, Ethereum flipped the script where the June -July dates actually led into a rally. This further backs up the point we made before that we actually see the falling wedge being the perfect time period back in 2019 as it is today in 2023. Ethereum flipped the script and instead of crashing, actually became bullish during this time period in the four -year cycle. Now, with all this being said, these are just two of the large arguments that Ben makes throughout his video. He goes on to discuss a sub $1200 Ethereum and gives amazing evidence for it. It actually changed my original prediction of closer to a $1300 Ethereum to where I now agree with his prediction. But it's because I agree with his Ethereum prediction and also agree with his Bitcoin prediction of dropping below $23 ,000 as well that it further backs up the point that the Ethereum over Bitcoin chart will not fall to the levels of .035 that Ben discusses in the video. If we were to see the Ethereum over Bitcoin chart fall to 39 % as Ben talks about in his video, we have to correlate this to what would happen in the Ethereum price action. For this to be the case, Bitcoin would need to stay exactly where it is right now at the time of shooting at about $28 ,500 and Ethereum would drop 39 % in its price action which actually would take the price below Ben's target all the way down to $979 give or take. But that wasn't Ben's prediction. Ben actually predicts a level right here below $1200 somewhere in the range about $1150 all the way down to $1100. This right here is why his prediction doesn't necessarily line up. But even more so, with his prediction that Bitcoin more than likely is going to be dropping below $23 ,000 coming down into maybe this box right here at least, this would be a drop of Bitcoin price over 20%. Well, going back to Ethereum, this means we wouldn't just stop right here in this box dropping 39%. We could drop even further and this would be marks of brand new lows. That's not the prediction that Ben made, but if we hold to his prediction on the ETH over Bitcoin chart of seeing over a 39 % drop in this chart, we're going to also have to predict if Bitcoin drops down below $23 ,000, Ethereum is going to go much lower than his prediction of $1100. So there you have it. Ben, if you are watching this video and disagree with my take, I would absolutely love to have you come on Discover Crypto and explain why your points do in fact still stand. For the rest of you, let me know down below what your predictions are for both Bitcoin and Ethereum and what you would like to see videos on in the future. That's all I have for you in this one, but make sure on your way out to smash that like button and make sure you are subscribed to the channel for more crypto education content just like this. We will see you at the top. Receive compensation of at least $20 per hour at select stations plus benefits and a sign -on bonus of $2 ,000 from participating DSPs if you apply now. No delivery experience required. Must be 21 years or older. Terms apply. Apply today at Amazon .com forward slash driver. That's Amazon .com forward slash driver.
The Bitboy Crypto Podcast
A highlight from Will Bitcoin Crash When Fed Pivots?! (Rate Cuts Explained)
"It's a volatile cryptocurrency. It's been volatile its entire life. Bitcoin's like rat poison. You were asked about that comment and you said, well, it's probably more like rat poison squared. Out to the cryptocurrency crash that has traditional markets on edge. Recession indicators are still flashing red after some rather significant warning signs. The Federal Reserve Bank is officially starting to pivot. The Fed pivot can backfire and cause a stock market crash. So next stage is now you'll see really skyrocketers. There'll be a short squeeze and it'll go even higher. And eventually, though, it's going to come caving in. It's almost a guarantee. The Fed pivot is one of the most talked about and least understood things in all of finance these days. But it is critically important for you to understand. Why? Because it's one of the biggest levers that need to be pulled to start up the bull market. It's time to discover crypto. With a Fed pivot that will cut interest rates coming more than likely early to mid 2024, there are a lot of conflicting ideas out on the Internet about what that will do to the price of Bitcoin. Since the Fed started raising rates back in early 2022, the price of Bitcoin has plummeted, leading some to believe that a pivot should bring prices back up. However, historically, Fed pivots have brought crashes to the stock market and risky assets. While we don't consider Bitcoin a risky asset, the majority of the world still sees it that way. And many are expecting a Fed pivot to crash Bitcoin as well. Now, if you don't know or if you're new to investing, the Fed is short for the Federal Reserve, which is the central bank of the United States and controls the monetary policy of the United States dollar. The Fed has a dual mandate to maintain both price stability and full employment. In other words, it's their job to keep prices steady and people employed. However, if prices get inflated and unemployment falls too low, the economy may grow too quickly. This is dangerous because it can result in a really terrible Great Depression -style crash. In these situations, the Fed will enact what we call a tighter monetary policy. This usually means raising interest rates on U .S. government debt to try to slow economic growth and keep the economy from growing too quickly. This is exactly like the monetary policy stance that the Fed took in 2022. We here at Discover Crypto also have a dual mandate to smash that like button and to make sure you are subscribed to the channel. Ours is a lot easier to do and it takes just two clicks. But getting back into the Fed, a pivot occurs when the Federal Reserve reverses its policy outlook and changes course from an expansionary to contractionary, or conversely, from contractionary to expansionary. Now, these are big words and broad concepts, but basically all you need to know is that at any given time, the Fed is usually either putting money into the economy, which we can call expansionary policy, or taking money out, which we call contractionary policy. A Fed pivot typically happens when the economic conditions have changed in such a way that the Fed can no longer continue its prior monetary policy stance. What does that mean in plain English? Well, in 2022, inflation was running high and employment was as well. So on March 16th of 2022, the Federal Open Market Committee, or FOMC, enacted its first interest rate increase since cutting rates to zero in March of 2020. After raising interest rates 11 times since March of 2022, the Federal Reserve elected not to hike rates at its September 2023 FOMC meeting, but left the door open to hike further if they need to later on. This is known as a Fed pause. A pivot would be if the Fed's FOMC announced that it was going to cut interest rates. Cutting interest rates would mean they would start putting money back into the economy. And that's what we're here to discuss today. When will the Fed pivot, or begin cutting rates, and what will that mean for crypto? So let's go back to why everyone is afraid that a Fed pivot will crash not only the stock market, but crypto as well. If you take a look at this view of history going back to 1976, every time the Fed has pivoted and cut interest rates, a recession and a crash in the S &P 500 has followed almost immediately. The point is that historically, stock market crashes coincide with Fed pivots. Specifically, they happen just after rate cuts. But it's important to understand that recessions are not caused by pivots, but rather because the Fed's constricted monetary policy has slowed down the economy until it finally enters a recession. While recession might currently be looming, Jerome Powell recently said at the last FOMC meeting, back on Wednesday, September 20th, that he doesn't believe the U .S. is likely to go into recession until 2027. Now while this seems ridiculous, Powell is one of the main figures who actually could control delaying economic disaster until that time. The farther he kicks the can down the road, the worse the crash could be. But the argument could be made that if Jerome Powell wants to keep his job, making the economy look good would likely work to help keep Joe Biden in the White House for another term. A Republican nominee more than likely would fire Powell on day one, so Powell could be incentivized to delay a statistical recession as long as possible. If that ends up being the case and things do play out that way, then we might, for the first time in history, see a Fed pivot and interest rate cuts that have nothing to do with a recession. Instead, it might be to prevent or delay a recession, and that would likely push the stock market and crypto to new all -time highs again. Now, this would be kicking the can down the road for a recession, but would set us up perfectly to repeat another four -year cycle explosive bull market. Now although past performance is not indicative of future results, history is a great teacher, so let's see what it teaches us about how Bitcoin behaves in situations just like this. Last cycle Bitcoin bottomed when we hit the terminal rate, meaning when the Fed stopped hiking interest rates. Then it hit a local top once rate cuts started. In other words, once the Fed began to pivot, Bitcoin put in a local top. And then we got a secondary scare, the big final dip when COVID hit back in March of 2020, and that happened to line up exactly with where the Fed made their final rate cut. After that, the bull run was started. There was a huge flood of money printing in a zero interest rate environment, and Bitcoin moved from $3 ,000 all the way to $69 ,000, taking the rest of the crypto market up with it. So the lesson from history is that the market bottoms when Fed finally stops raising rates, and the bull run starts when the Fed cuts rates. Okay, so that's how things played out the last cycle. Let's talk about this cycle. Remember the Fed usually pivots their monetary policy when something has fundamentally changed about the economy, like a recession. As it stands today, interest rate futures currently project a slight chance of an interest rate cut in early 2024, but by summer a rate cut becomes way more likely. Fed officials and Fed Chairman Jerome Powell forecast that rates will decline over 2024, but not by much, still remaining above 4%. However, there is a lot of disagreement, even amongst the biggest financial institutions, about what's going to happen in the next few months. Industry giant State Street, for example, is betting heavily that the Fed will begin cutting rates next year to counteract a recession, and JP Morgan is projecting a new all -time high for the S &P 500 in 2024 with a Fed pivot and no recession at all. However, these projections would change, and fast, depending on where we go from here. Currently, the market is calling for the yield curve to uninvert in the summer of 2024, which usually is followed by an economic recession. But what does that mean? Well, under normal circumstances, debt with longer maturities typically carries higher interest rates than nearer term ones, because further out into the future the debt is to be repaid, the greater the risk of the loan, and so therefore the higher the interest rates are paid on the debt. An inverted yield curve refers to a situation where short -term interest rates exceed long -term rates. The yield curve inverted when the Fed started hiking rates, and currently the market is saying that they expect the yield curve to uninvert in 2024, which usually means a recession will hit. But again, the Fed pivoting and the yield curve uninverting are symptoms, not the cause, of a recession. Recessions are caused by prolonged periods of contractionary monetary policy and slowing economic activity, not by the Fed pivoting. If you take a look at this chart, you can see that unemployment usually starts to rise between 12 to 21 months after the yield curve inverts. And the yield curve has been inverted for 15 months now, so the expectations are increasing that a recession and a yield curve uninversion could be coming very soon. All this brings me to a very important point, which is don't panic. You're going to hear a lot of scary talk in the next few months. Eventually the Fed will stop hiking rates, and the yield curve will uninvert, and maybe there will be a recession and a stock market crash. Or maybe we'll get a Goldilocks scenario where the Fed pivots, but we never get a recession. But don't let any of that worry you. Crypto has already sold off a huge amount, and although it's possible we see continued pullbacks and a lot of choppy side with action, we're not likely to see another 80 % pullback no matter what happens with the Fed. And even if another big dip does come, it will likely be followed by a very sharp recovery, kind of like what we saw in the flash crash of the recovery during March of 2020. But what it's worth, my personal opinion, is that the Fed is more than likely to start cutting rates to prevent a recession rather than acting in response to one. While Jerome Powell might have been lying when he said he doesn't believe we'll see another recession until 2027, it would fit right along with the four -year cycle staying intact. So it's worth considering that that's a very real possibility. Remember your history lesson. The crypto market will probably keep going down, or at least sideways until the Fed stops hiking rates. But they have already paused, maybe for good. So if history is an indication, we have already put in a bottom for Bitcoin and crypto. Once the yield curve uninverts and the Fed pivots, we might see a local top. But that is time to buy the dip, because when the Fed does finally start slashing rates and turns the money printers back on, crypto is going to do what it was made to do and rocket off to the moon. So where does this all leave us? Well, with all the chaos happening in the global economic system in general, an economic recession for the U .S. in 2024 is not out of the equation. But with the elections coming, the chances of a Fed rate cut in order to spike stocks and stimulate the economy is also very likely. This would mark the first time in modern history that a Fed pivot wasn't followed by a recession. And if that's not bullish, then I don't know what is. That's all I've got for this one. But if you've enjoyed this video and have not already performed that dual mandate, go ahead and smash that like button and subscribe to the channel for more crypto educational content just like this. Also, let me know down in the comments how you're planning to navigate the next few months leading up to the halving. And let me know your opinion on it if you're going to see a recession or if we think the Fed is going to pull off a soft -ish landing. Until next time, take care of yourselves and your crypto, and I'll see you at the top.
CoinDesk Podcast Network
A highlight from UNCHAINED: Why These Lawyers Say It's Over for SBF--But His Only Hail Mary Is to Testify
"Now look, I think that the evidence here is overwhelming. I don't think there's actually a risk of a reversal, but when you ... Part of trying a good case when you're the government or a defense, but more especially when you're at your advantage and not get ahead of your skis and take risks you don't need to take. Hi everyone, welcome to Unchained, your no -hype resource for all things crypto. I'm your host, Laura Shin, author of The Cryptopians. I started covering crypto eight years ago and as a senior editor at Plorbs was the first mainstream media reporter to cover cryptocurrency full -time. This is the October 16th, 2023 episode of Unchained. The game has changed. The Google Cloud Oracle built for Layer 0 is now securing every Layer 0 message by default. Their custom end -to -end solution sets itself up to bring its world -class security to Web 3 and establish itself as the HTTPS within Layer 0 messaging. Visit Layer0 .network to learn more. DeFi just got way easier with Vaultcraft, Popcorn's no -code DeFi toolkit for building, deploying, and monetizing automated yield strategies. From institutional service providers to DeFi degens, anyone can use Vaultcraft to supercharge their crypto with custom cross -chain yield strategies. Learn more on vaultcraft .io. Buy, trade, and spend crypto on the crypto .com app. New users can enjoy zero credit card fees on crypto purchases in the first seven days. Download the crypto .com app and get $25 with the code LAURA. Link in the description. Today's topic is the second week in the criminal trial against Sam Pinkman -Fried, here to discuss our Sam Ensor, partner at Cahill Gordon & Rydell, and Greg Strong, partner at DLX Law. Welcome, Sam and Greg. Thanks for having us, Laura. Yeah, thanks very much, Laura. So we've now had two weeks in the criminal trial for Sam Pinkman -Fried. This week was a doozy because two of the government's biggest witnesses testified. I've seen people tweeting things like, for instance, that it's just over for Sam. But I was curious, from the lawyer's perspective, what do you think is the state of the trial at this point? I think that it is probably, it certainly is not going well for SPF. In particular, this week was the week of Carolyn Ellison, his former girlfriend, co -CEO and eventually CEO of Alameda Research. Her testimony was devastating on several accounts, not just because of the information she provided about various aspects of the fraud, but documentary corroboration. There was a lot of documentary corroboration of what she was saying, contemporaneous documents where, for example, she's noting concerns to SPF and he is remarking on the concerns, proving that he knew about them and that those concerns were contrary to what was being told to the public, that is to investors, to lenders and to customers. So, very, very bad. But it's always too soon to tell. There's more weeks to come. Anything can happen and there's probably going to be a defense case. So I think, you know, it's as the judge tells the jury, keep an open mind. Don't talk or deliberate until you've heard all the evidence.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1434: BlackRock: Bitcoin ETF Will Send BTC to $1,000,000
"Say goodbye to your credit card rewards. Big -box retailers led by Walmart and Target are pushing for a bill in Congress to take away your hard -earned cash back and travel points to line their pockets. Senate Bill 1838 would enact harmful credit card routing mandates that would end credit card rewards as we know it. If you love your credit card rewards, visit HandsOffMyRewards .com and tell them to oppose credit card routing legislation paid for by the Electronic Payments Coalition. In today's show I'll be breaking down the latest Bitcoin technical analysis and check this out Janet Yellen while running deficits at over two trillion dollars per year said the following we can certainly afford two wars Max Kaiser responded watching fiat money cuts blow themselves up amuses me the spot ETF news is meaningless two hundred twenty thousand dollars in play and check this out quoting Cathie Wood on the spot ETF she says the SEC really understands Bitcoin and its merits is mainly Gary Gensler standing in the way that's what's up also today the SEC has to approve or delay three spot Bitcoin ETFs including one from Fidelity one of the largest asset managers in the world also in today's show Nishad Singh says there was a lot he didn't remember about FTX in 2022 I'll be breaking down the latest with the ongoing SPF trial as well as FTX customers can get nine billion dollar shortfall claim payout by mid 2024 I'll be breaking this down for you also the Bitcoin price model I'm gonna be sharing with you hints at a hundred and thirty thousand Bitcoin price target after the 2024 Bitcoin halving I'm also gonna be sharing grayscale's Bitcoin trust discount narrows as the court gears up to issue GBTC mandate I'll be breaking down this latest report as well as BlackRock reacts to the false Bitcoin spot ETF approval news in a positive way quoting their chairman and CEO Larry Fink on Fox News this rally is way beyond the rumor I think the rally today is about a flight to quality with all of the issues around the Israel war now global terrorism and I think there is more people running into a flight the quality whether that is in Treasuries gold or crypto depending on how you think about it and I believe crypto will play that type of role as a flight to quality powerful words and quitting Max Kaiser as we've discussed before Bitcoin is designed to be attacked so please attack me so that the price can go to a hundred thousand two hundred thousand a million dollars per coin thank you we'll also be taking a look at the overall crypto market all this plus so much more in today's show yo what's good crypto fam this is first and foremost a video show so if you want the full premium experience with video visit my youtube channel at crypto news alerts dotnet again that's crypto news alerts dotnet now welcome everyone just joining us this is pod episode number 1434 I'm your host JV and today is October 17th 2023 we got Bitcoin up a quarter of a percent still hovering above 28 ,500 yesterday on the false rumor news of a Bitcoin ETF being approved Bitcoin surged within minutes up over $2 ,000 above 30 G's but then we corrected back down to 28 and we're currently pumping once again as many of the alts are currently correcting and in the red and checking out coin market cap calm the crypto market cap is at 1 .09 trillion we're roughly 49 billion in volume in the past 24 hours but a Bitcoin dominance on the rise now officially 51 % attack against the alts as we're sitting at 51 .1 % how high do you feel this Bitcoin dominance is likely to climb for this cycle peak let me know as the ether dominance not looking so good it's been on the decline now at the lowest it has been in a very long time at 17 .3 percent ever since ether switched from proof of work to proof of stake it hasn't been a good look in my humble opinion now checking out the top 100 crypto gainers at the past 24 hours ton coin is leaving the pack up almost 6 % trading just above 2 bucks followed by ok be up 5 % trading above 46 bucks followed by 8 coin up almost 5 % trading at a dollar 12 and checking out the top 100 crypto gainers for the past week ultimately you have a sea of red with a handful in the green as Bitcoin continues surging with its market dominance we also have hex up 16 percent and checking out the crypto greed and fear index we're currently rated a 52 which is neutral yesterday was a 47 last week a 50 and last month a 46 and greed so there you have it fam how many of you have been seizing the moment and taking advantage of this dip let me know in the comments right down below and again massive shout out to everyone in that live chat I appreciate each and every one of your support now let's dive into today's Bitcoin technical analysis check out the charts where the Bitcoin price action is likely to head next here we go Bitcoin passing 28 ,000 hints of bullish sentiment but reclaiming it for good is essential according to top analysts we have Yan and Jan of analytics firm glass node describing the 28 ,000 mark as a critical milestone for the price action now after snap volatility will cause Bitcoin to hit 30 ,000 for the first time since August Bitcoin managed to preserve some of its gains and at this time we're just above 28 ,500 now for say goodbye to your credit card rewards big -box retailers led by Walmart and Target are pushing for a bill in Congress to take away your hard -earned cash back and travel points to line their pockets Senate bill 1838 would enact harmful credit card routing mandates that would end credit card rewards as we know it if you love your credit card rewards visit hands off my rewards calm and tell them to oppose credit card routing legislation paid for by the electronic payments coalition the analysts over at glass node here's what they had to share the crypto market is hinged on bitcoins ability to breach the consistently and maintain a value north of 28 ,000 28 ,000 has formed a battleground ever since Bitcoin first crossed it in early 2021 and liquidity had traditionally surrounded it as the Bulls and bears fight to secure control over the long -term trajectory now according to data from decent suite amongst others confirms the status quo remains despite the recent Bitcoin price moves with 28 ,000 lying in a zone between the major longs and shorts a varying leverage as pointed out here in this chart which shows you the Bitcoin liquidity data brought to you by decent trader putting them here while this pivotal milestone was moment momentarily attained on futures the spot market price peaked at twenty seven thousand nine earlier today it is evident just how crucial this price price point is for the larger scheme they also shared that the rapid movements in these price thresholds aren't just numbers they signify investor sentiment market dynamics keep an eye out on that 28 ,000 level so there you have it that is currently the line in the sand now as reported by Cointelegraph predictions over what the future will bring for Bitcoin both before and after the next block subsidy halving in April differ considerably in an interview last month decent trader co -founder Phil B Philby I Bitcoin price galvanizing itself for an upside during quarter four possibly reaching $46 ,000 per coin by the halving some well -known market participants however remain risk -averse amongst them crypto Tony and others betting on a pre having returned to 20 ,000 for a final local bottom quitting the analysts many can scream they are long right now and caught that move but if you're not taking profit here at resistance you're doing something wrong I personally will not be long unless we flipped at twenty eight thousand five hundred level into support so there you have it are you amongst one of the bullishness for Bitcoin or do you have more bearishness where do you think we're likely to go next let me know your thoughts in the comments right down below now pointing something out from Treasury Secretary Janet Yellen I can't believe she shared this she literally said we can certainly afford two wars and the nerve she has to share that so shout out for max for calling her out here watching fiat money cucks blow themselves up amuses me 220 ,000 in play he also tweeted that the spot Bitcoin ETF news is meaningless and that 220 ,000 is still in play and Kathy would regarding the spot ETF she recently shared the SEC really understands Bitcoin and its merits it's mainly Gary Gensler aka no clarity Gary standing in the way let me know if you agree or disagree now also it's a big day in the markets as the SEC has to approve or delay three spot Bitcoin ETFs today including one of the largest ones in the world which is fidelity which currently controls four and a half trillion and assets under management you can see here for the second deadline in the blue you have it circled and highlighted in purple you can see the Van Eck ETF we got wisdom tree as well as fidelity those are three major players so how do you think the SEC will rule upon them most likely going to be pushing it back but you just never know be keeping you posted with the latest updates and with that being shared fam now let's break down our next breaking story of the day and the latest updates and report from Nishad Singh testifying against Sam Bankman freed regarding the ongoing FTX trial let's break it down lawyers representing the former FTX CEO SPF conducted their cross -examination of Nishad Singh pressing the former engineering director on events leading to Alameda research using funds for the crypto exchange according to reports from the courtroom on October 17th Singh admitted there was a lot he didn't remember from June to July of 2022 under questioning from SPF defense attorney Mark Cohen the former FTX director reportedly said he had no knowledge of a discussion between the former FTX chief technology officer Gary Wang and former FTX developer Adam yet adida it was an 8 billion dollar hole Singh said according to reports on the fallout from the bug Caroline posted the screenshot of a graph showing Alameda's unexplained balance breaks over time and the bug explained it now how does SPF look with an orange jumpsuit on let me know in the comments right down below now defense attorneys cross -examination of Singh marked the 10th day of the SPF criminal trial taken place in New York where Bankman freed faces seven charges related to fraud at FTX and Alameda Singh testified October 16th that he had been experiencing suicidal thoughts amid FTX's financial troubles in November of 2022 expressing concern about the lack of transparency and Alameda using FTX customer funds for investments that's right prosecutors are expected to continue calling witnesses to testify on SPF's alleged actions and the events leading up to the downfall of FTX until October 26 or the 27th after which the time the defense team will present its theory of the case now to date former Alameda CEO Caroline Ellison Wang and yet adia also testified at the trial and have a few former FTX clients Bankman freed first criminal trial is expected to wrap up in November he will face an additional five counts if the second trial scheduled to begin in March 2024 has been pleaded not guilty of all charges so there you have it how do you think this will likely fare out for scam Bankman freed let me know your honest thoughts in the comments right down below and speaking about FTX the million dollar question when will the investors get their money back that was stolen from them let's discuss this nine billion dollar recovery plan which they say investors can start expecting to get their funds back in mid 2024 let's break this down the customers of the bankrupt crypto exchange FTX and FTX us could see over 90 % of the assets returned to them by the end of the second quarter of 2024 unfortunately it's after the halving you already know the Bitcoin price action is gonna be paramount to where it is today anyways after proposed settlement was reached between FTX creditors and debtors on October 17th the FTX debtors said they reached a major milestone in their chapter 11 case after extensive discussions with the unsecured creditors committee which is a committee of non United States customers and class -action plaintiffs regarding customer property disputes FTX debtors filed a notice of the proposed settlement with a Delaware based US bankruptcy court October 16th however they need to submit an official filing by December 16th seeking the court's approval now part of the amended plan consists of the shortfall claim in which FTX debtors estimate that customers of FTX and FTX us would collectively receive 90 % of the assets available for I will say though it's not 100 % 90 % is obviously far better than nothing the shortfall claim is estimated to be approximately 8 .9 billion dollars for FTX .com and 166 million dollars for FTX US and if approved by the bankruptcy court FTX expects these funds to be dispersed by the end of the second quarter next year now John J Ray the third the current CEO and chief restructuring officer of FTX was pleased with the terms of the settlement quitting him here together starting and the most challenging financial disaster I've ever seen the debtors and the creditors have created enormous value from a situation that easily could have been a near total loss for the customers now the amended plan involves FTX dividing the assets into three pools assets segregated for the benefit of FTX .com customers US customers and a general pool for other assets however only the first two groups are included in the shortfall claim now how many of you were impacted by the collapse of FTX let me know in the comments right down below hopefully if you were one of those impacted you will receive your funds back meanwhile observers noted that as a part of the proposed plan to see its customers who withdrew over 250 ,000 dollars from the exchange within nine days bankruptcy would have their claim reduced by 15 % of the amount however claims under a quarter million dollars wouldn't be subject to a reduction according to the FTX debtors explaining them here eligible customers that have a preference settlement amount of less than 250 ,000 during the nine -day period would be able to accept the settlement without any reduction of claim or payment ultimately saying if you removed more than 250 ,000 out of that account you're gonna receive 15 percent less however as part of the amended plan FTX may exclude from the settlement any insiders affiliates and customers who may have the knowledge of the commingling and misuse of customer deposits and corporate funds now former FTX CEO Bankman Fried is two weeks into his fraud trial on matters relating to his involvement and the FTX collapsed bankruptcy last November so there you have it fam it's wild and I think things are just heating up and I'll probably even get a little more crazy if I was a betting man now let's dive into a hundred and thirty thousand dollar Bitcoin price target shall we here we go Bitcoin is destined to hit a hundred and twenty eight thousand per coin or more by the end of 2025 according to multiple analytic models that's right uploading his latest Bitcoin price estimates on October 17th popular analyst crypto con deduced a two -year target of a roughly 130 ,000 so let's break this baby down the Bitcoin market participants are diverging over how the Bitcoin price behavior will respond to next year's block subsidy having but for crypto con the long -term roadmap is looking firmly bullish now we all know that having a schedule to take place sometime in April of next year roughly six months out now in an update for various models charting both the Bitcoin price cycles and their highs and lows the analysts reiterated that the area around 130 ,000 was fast becoming a magnet quitting him here I've been doing a lot a Bitcoin cycle top experiments lately and I keep seeing right around the same price a hundred and thirty thousand per BTC now this chart highlighted so -called early tops in each price cycle along with the actual cycle top constituting a new all -time high now the early tops on average occur three weeks on either side of July 9th crypto con explained the new all -time highs come three weeks on either side on November 28th already a popular phenomenon that Cointelegraph reported last month the timing for these events comes from plotting sick simple diagonal trend lines from the first early top quitting him here doing this has found the price of the last two cycle tops exactly and with our trend from the last cycle gives us a price of about a hundred and thirty eight thousand dollars per Bitcoin I am prepared for lower prices but the stars are aligning at a hundred and thirty thousand dollar Bitcoin for this cycle as outlined here in this chart let me know if you agree disagree with the crypto analyst personally I think that is extremely conservative I'm way more optimistic I'm anticipating a multiple six -figure Bitcoin price action for the peak and I also agree that the peak will likely occur for the king crypto sometime post 2024 most likely sometime in the year 2025 but let me know if you agree disagree below now per the model timing 2025 should be the year that the next cycle top occurs just under twice the current record set in 2021 and we all know the current all -time high is sixty nine thousand now let's discuss history favoring the Bears for you're having cycles from a guide for many well -known Bitcoin market commentators amongst them is crypto analyst rec capital who continues to stress that the pre halving year 2023 can bring about some new local lows before the bull market attains full force quoting him here from X Bitcoin the five phases of the Bitcoin having let's actually take you over here to X to quote it pre halving period number one if a deeper retrace is going to occur or likely be over the next 140 days or so in fact Bitcoin retrace 24 % in 2015 and 38 percent in 2019 at the same point in the cycle an example 200 days before the halving now a 30 % drop from the current prices would see Bitcoin revisit 20 ,000 and interestingly enough we do have a CME futures gap at that level now number two he points out pre halving rally then 60 days before the having a pre halving rally tends to occur in anticipation of the having investors by the hype and an effort to sell the news number three pre halving retrace a pre halving retrace tends to occur after the having event itself and in 2016 this pre halving retrace was 38 percent deep in 2020 the pre halving retrace was 20 percent deep this pre halving retrace makes investors question whether the halving was a bullish catalyst on the price after all number four reaccumulation the pre halving retrace is followed by multi month of reaccumulation many investors get shaken out in this stage due to boredom and patience and disappointment with lack of major results in their Bitcoin investment and an immediate aftermath of the halving and number five the parabolic uptrend let's go once Bitcoin breaks out from the reaccumulation area break out into the parabolic uptrend which you can see in this chart in the green it is during this phase Bitcoin experiences accelerated growth on its way to new all -time highs so there you have it fam that's coming directly from crypto analysts rec capital let me know if you agree or disagree with what he had to share yeah I mean good analysis to say the least now let's break down our next story of the day and discuss what's going on with the grayscale Bitcoin trust if you didn't know grayscale Bitcoin trust is the largest Bitcoin hodler of the world currently with over 600 ,000 Bitcoin and its control and they're trying to get their GBTC product converted into a spot ETF in the United States they're just awaiting the green light from the SEC they recently had a lawsuit against the SEC and the SEC took a big fat L which is a great sign that the grayscale Bitcoin trust may get the green light soon by the SEC to convert their product to a spot Bitcoin trust now the discount has been dwindling as well which is another bullish indicator so let's break this down before we break down the latest with Larry Fink and the BlackRock CEO what he had to share regarding the fake -out of the false rumor that a spot Bitcoin ETF got approved yesterday in which it did not but I'm be clearing up all these rumors for you directly from Larry Fink the CEO of BlackRock himself but first let's dive into the latest with GBTC and what's going on right here according to this report the long discounted price of the grayscale Bitcoin trust is catching up to the net asset value amid potentially positive judicial developments let's go GBTC is trading at October 13th compared to roughly 21 % at the beginning of the month more than 43 % in June and nearly 50 % at points in December and January according to why charts now discount to NAV is a metric that tracks the difference between the funds current value from its true value the shrinking discount materialized as new news broke in the recent days that the US SEC doesn't intend to appeal the Bitcoin or bid to convert their GBTC into a spot Bitcoin ETF last year the digital asset management giant sued the SEC immediately after the regulator rejected the firm's bid to turn their flagship product into an ETF good for grayscale the federal judge ruled in August that the SEC has to reconsider grayscale's app to avoid arbitrariness and inconsistency take that SEC Gary Gensler where you at dog citing a source familiar with the matter Reuters reported last week that the SEC has no plans to appeal the judges decision that's a good sign for all of us that's what's up that means it's likely going to get approved so in a statement provided the Fox Business Journalist Eleanor Terrett grayscale confirm that development quitting grayscale here the federal rules of the appeal procedures 45 -day period to seek rehearsing has now passed or a rehearing the court will now issue its final mandate within seven calendar days the grayscale team remains operationally ready to convert their GBTC to an ETF upon the SEC's approval and we look forward to sharing more information as soon as practical so there you have it do you think they could be amongst the first to get the green light from the SEC or do you think it'll be black rock as the Bitcoin game theory for the institutional investors continues in full effect by way a Bitcoin ETF and speaking of Bitcoin ETF now for the latest from Larry Fink responding immediately an hour after the news broke that a spot Bitcoin ETF got approved Larry Fink was on Fox News ultimately sharing his feedback and response to the false news and where they stand currently on Bitcoin as an investment and this is extremely positive news for the entire market hence why we're continuing to pump today I firmly do believe that so let's break this one down investment management firm black rock reacted to rumors about the approval of its spot Bitcoin ETF app by the US SEC which caused quite a stir amongst the crypto community on Monday crypto news outlets outlet Cointelegraph shared that the US Security and Exchange Commission had approved the long -anticipated application of a spot Bitcoin ETF but later retracted the report however the post sparked excitement within the crypto community causing the price to rise rapidly just like that Bitcoin surged almost $30 ,000 earlier in the day after the alleged post was made by Cointelegraph however the crypto's price fell almost immediately after the report was proven to be false by black rocks chief executive officer mr. Larry Fink and other prominent voices in the crypto community Eleanor Terrett was the first to report that this news was false after speaking with black rock and that the company's Bitcoin spot ETF is still under review by the US regulator the SEC now in the interview with Fox Business Fink who said he only learned about the news hours later due to him being extremely busy all day took a rather positive stance on the event and according to the CEO noting that Monday's event solely proved the worldwide need and desire for a Bitcoin spot ETF quitting him here I think the rally today is about a flight to quality with all the issues around the Israel War now global terrorism Fink said I think there are more people running into a flight to quality whether that is in Treasuries gold or crypto depending on how you think about it and I believe crypto will play that type of role as a flight to quality the SEC also confirmed that the alleged news report was false and that the app is still pending careful what you read on the internet the best source of information about the SEC is the SEC according to the post now so far Cointelegraph apologized what a post on X with the false report it posted which led to the dissemination of inaccurate information the crypto media outlet later posted the result of its internal investigation which showed a team member had posted the news without getting approval from its editorial team now crypto tracker coin glass revealed that short trading positions held by investors betting on lower prices were liquidated to the tune of a hundred and four million dollars within 24 hours do the false rumors and you can thank coin telegraph for that now here's Larry Fink on Fox News I took the time this morning before I went live to actually transcribe some of the highlights from this conversation which I want to share with you today so I'm gonna read it out loud here for you and then I'm actually gonna share a prediction as well from Max Kaiser the Bitcoin will hit a million dollars per coin because the more you attack it the stronger it gets and shout out to the high priest here we go BlackRock CEO Larry Fink responding live on Fox News here's what the media said we got a stock rally and we got a Bitcoin rally at the moment bitcoins higher 5 % and it is much higher you see that spike in the screen look at it here and then they go on and on and here's when Larry comes in can you address this rumor when you first heard it Larry Fink shared actually I was busy all day I probably heard it an hour ago then Charlie Gasparino wrote or said we should point out that my producer broke the story that it was not real but it's like wishful thinking isn't it Larry isn't it what this is all about Larry responds well I can't talk about the specifics of anything I think it's just an example of the pent -up interest in crypto and we are hearing from clients around the world about the need for crypto now we can clearly replace the word crypto with Bitcoin I just wanted to point out the obvious for him what are your thoughts on that I think some of this rally is way beyond the rumor I agree I think the rally today is about the flight to quality with all these issues around the Israel war now global terrorism I think there's more people running into a flight quality whatever that is in treasuries gold to crypto depending upon how you think about it and I believe crypto will play that role as a flight to quality Charlie asked let me ask you this where do you think the markets go if the real hot war starts the next couple of days Larry responds I don't know what the definition of a hot war is and then he said it's an invasion okay my view is if the invasion is held to the southern borders of Israel I think we're anticipating that already I don't think the markets going to be changing that much and it really depends on the oil market and how that plays out obviously the marketplace today is up 350 points as we speak right now the marketplace knows the potential reality so I think that's somewhat into the market I've been asked all the time now why is the market being so resilient with the new global terrorism and with what's going on in Israel and Ukraine and all the other issues and I think we're not spending enough time talking about some of the great things that are going on in the world today and that's when I think about technology and how that's going to be shaping and changing our world when you think about AI and robotics this is going to accelerate movement more towards nearshoring and onshoring we are going to be able to use this new technology so Charlie asks does that mean more jobs here in the u .s.
The Crypto Overnighter
A highlight from 701:Uncle Sams Bitcoin & Californias Bitlicense Bill
"Good evening, and welcome to The Crypto Overnight -er. I'm Nickademus, and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax, and let's get started. And remember, none of this is financial advice. And it's 10 p .m. Pacific on Monday, October 16th, 2023. Welcome back to The Crypto Overnight -er, where we have no sponsors, no hidden agendas, and no BS. But we do have the news, so let's talk about that. Tonight we dig into a peculiar irony. The US government, often seen as a crypto skeptic, might just be one of Bitcoin's biggest hodlers. We're also examining the shifting sands of crypto regulation, from America's warming attitude towards Bitcoin ETFs to new licensing laws in California and Australia. Finally, we'll take a global hop to Singapore's recent regulatory nod to Upbit, and zoom in on why Latin America is bucking the global trend by favoring centralized exchanges. All this and more, so stay close. Now let's unravel a mystery that's starting to sound more like a thriller. Reports have emerged indicating that the US government is possibly one of the largest hodlers of Bitcoin. With the valuation hovering around a staggering $5 billion, Uncle Sam's Bitcoin stash is an intriguing plot in the crypto realm. This discovery leaves some folks wondering, bewildered, and curious. How did this happen, and what does this mean for crypto? The reports highlight an interesting scenario here, between the public stance of the government and its apparent crypto holdings. On one hand, there's a constant rhetoric revolving around the regulation and scrutiny of the digital asset industry. On the other, you might be excused for thinking the government itself had delved into the very asset it appears to scrutinize. Now here's what's up. The $5 billion worth of Bitcoin held by the US government stems primarily from seizures conducted over the years. Law enforcement agencies, during various operations against illegal activities, have confiscated a considerable amount of Bitcoin. These seizures often occur in the course of actions against illicit drug markets, frauds, and other criminal enterprises operating in the dark recesses of the internet. The question of what happens next looms large. The government's next moves are shrouded in ambiguity. Will these assets be liquidated, as has been past practice, or might there be a different plan in the works? Previously, the government auctioned off seized cryptocurrencies. However, with the increasing recognition and acceptance of digital assets, could there be a change in the stance? Furthermore, the liquidation of such a substantial amount of Bitcoin could potentially impact the market significantly. The entrance or exit of such a considerable sum could lead to price fluctuations, something keenly eyed by investors and the community at large. This revelation also raises questions regarding the government's approach towards cryptocurrency regulation. Does the fact they're holding such a significant amount of Bitcoin reflect a change in attitude, or is it merely a byproduct of law enforcement activities? It's a scenario that stirs the pot, fostering a debate around the government's role and its position within the evolving crypto landscape. Moreover, the notion that a central authority holds a significant amount of Bitcoin resonates with irony. It underscores the complex dynamics between governmental bodies and the digital asset sector. This scenario paints a picture of a silent yet substantial player within the crypto market, which could have broader implications on the regulatory and market fronts. If nothing else, Uncle Sam acting as a hodler and not selling strengthens Bitcoin, so thanks. As the landscape of cryptocurrency continues to evolve in these revelations, the narrative of the US government's involvement with Bitcoin adds a curious chapter to the broader dialogue surrounding digital currencies. The presence of a substantial Bitcoin reserve within federal coffers beckons a deeper understanding of the multifaceted relationship between governmental authorities and the crypto world. This unfolding scenario is not just a tale of unexpected holdings, it's a mirror reflecting the intricate and often contentious relationship between centralized authorities and the decentralized ethos championed by those who love crypto. So we've just uncovered how Uncle Sam might be sitting on top of a Bitcoin gold mine. But what about you, the everyday investor? Well buckle up, the Security Exchange Commission might possibly be warming up to Bitcoin ETFs, whether they like it or not. Could this be the dawn of a new financial frontier? If you like what you hear, make sure to hit that follow button for the latest updates.
Bloomberg Radio New York - Recording Feed
Monitor Show 19:00 10-16-2023 19:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. Brian, with that outbreak of war in the Middle East since the last meeting. All right, Paul Allen, thanks very much. The next hour of Bloomberg Daybreak Asia begins right now. This is Bloomberg Daybreak Asia for this Tuesday, October 17th in Hong Kong, Monday, October 16th in New York. Coming up this hour, U .S. equities advanced, given stepped -up diplomatic efforts to prevent the spread of war in Israel. iPhone 15 sales apparently disappoint in China, and Bitcoin is whipsawed on conflicting reports over BlackRock's Bitcoin ETF. Israel is promising a ground offensive. This as Gaza is nearing supply crisis. Biden considers going back to Israel. Jordan says vote tomorrow on speaker, and he's making progress to having the votes. I'm Ed Baxter with Global News. Is Eric Tenhog safe if Jim Ratcliffe buys into Manchester United? I'm Dan Schwartzman. I'll have that story and more coming up in Bloomberg Sports. That's all straight ahead on Bloomberg Daybreak Asia. On Bloomberg 1130 New York, Bloomberg 991 Washington, D .C., Bloomberg 106 .1 Boston, Bloomberg 960 San Francisco, Sirius XM119, and around the world on BloombergRadio .com and via the Bloomberg Business App. A little past 10 in the morning now in Sydney, and we've got trading in Australian stocks. We're about an hour away now from action in Tokyo and in Seoul. It's the D.
Bloomberg Radio New York - Recording Feed
Monitor Show 15:00 10-16-2023 15:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV batteries environmental impact, behind sand, yeah, sand, you get context and context changes everything. Go to Bloomberg .com to get context. Not for this, not for this cycle. No, it was back in 2020 and we'll be digging more into this. Hey, I'll meet you in Balance of Power later. Bloomberg Business Week starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act, this is Bloomberg Radio. This is Bloomberg Business Week. Insight from the reporters and editors who bring you America's most trusted business magazine plus global business finance and tech news as it happens. Bloomberg Business Week with Carole Masur and Tim Stenebeck on Bloomberg Radio. And a very good afternoon everybody live from the Bloomberg Interactive Brokers Studio streaming on YouTube and Bloomberg Originals. We're back from the West Coast. We made it. We're so relaxed. Survived a red eye. Hey, it wasn't that bad. It wasn't. We both passed out. That's the only way to do it. It is the only. It's a fake red eye though. It's like four and a half hours. I know. It's barely a nap to be quite honest. All right. It is Monday, October 16th, 2023. Carole Masur along with Tim Stenebeck. We've got stocks rising, bonds falling, diplomatic efforts to prevent the Israel -Hamas War from expanding into a regional conflict. We're going to talk about that a lot this next three hours, Tim. Yeah. We're going to be joined in just a few minutes by Major General who's retired, Mastin Robson, Geopolitical Intelligence Advisor at Academy Securities. We spoke to him last week. He's going to be back with us this afternoon. We're also going to be speaking with Lior Susan, a former Special Forces agent with the Israeli military on the long game of the Israeli -Hamas conflict. Yeah, so much at stake here.
Markets Daily Crypto Roundup
A highlight from Crypto Update | Bitcoin Spikes on False BlackRock Spot Bitcoin ETF Approval Rumor
"This episode of Markets Daily is sponsored by CME Group. It's Monday, October 16th, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of the Crypto is Macro Now newsletter on Substack. On today's show, we're talking about consumer expectations, Bitcoin ETFs, Ethereum fees, and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice. And just a reminder, Coindesk is a news source and does not provide investment advice. Now, a markets roundup. Bitcoin finally looks as if it is on the move again. After trading range -bound for most of last week, it started climbing on Friday, took a breather on Saturday, and then late Sunday headed up again with a sharp jump earlier today. As we are recording this morning, Bitcoin has jumped sharply on rumors that BlackRock's spot Bitcoin ETF proposal had been approved by the SEC. However, a source from BlackRock has told us this rumor is not true, so Bitcoin price should retrace the rumor spike. At 10 a .m. Eastern Time this morning, Bitcoin was trading at $27 ,755, up 3 .4 % over the past 24 hours and 3 .7 % higher than its price early Friday morning. This is probably down to a confluence of factors. There's the pickup in geopolitical tension, consolidating expectations that the U .S. rate's peak is in, and the continued evolution of Bitcoin use cases. I spoke in more detail about each of these in last week's episodes. Take a listen if you missed them. There's also now the positive news that the SEC has apparently chosen to not reject the court's ruling in Grayscale's suit against the agency. I'll talk more about this in a moment. Ether is also benefiting from the updraft. Earlier today it was trading at $1 ,583, up 1 .8 % over the past 24 hours and up 2 .5 % since early Friday morning.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Bitcoin Spikes on False BlackRock Spot Bitcoin ETF Approval Rumor
"This episode of Markets Daily is sponsored by CME Group. It's Monday, October 16th, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of the Crypto is Macro Now newsletter on Substack. On today's show, we're talking about consumer expectations, Bitcoin ETFs, Ethereum fees, and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice. And just a reminder, Coindesk is a news source and does not provide investment advice. Now, a markets roundup. Bitcoin finally looks as if it is on the move again. After trading range -bound for most of last week, it started climbing on Friday, took a breather on Saturday, and then late Sunday headed up again with a sharp jump earlier today. As we are recording this morning, Bitcoin has jumped sharply on rumors that BlackRock's spot Bitcoin ETF proposal had been approved by the SEC. However, a source from BlackRock has told us this rumor is not true, so Bitcoin price should retrace the rumor spike. At 10 a .m. Eastern Time this morning, Bitcoin was trading at $27 ,755, up 3 .4 % over the past 24 hours and 3 .7 % higher than its price early Friday morning. This is probably down to a confluence of factors. There's the pickup in geopolitical tension, consolidating expectations that the U .S. rate's peak is in, and the continued evolution of Bitcoin use cases. I spoke in more detail about each of these in last week's episodes. Take a listen if you missed them. There's also now the positive news that the SEC has apparently chosen to not reject the court's ruling in Grayscale's suit against the agency. I'll talk more about this in a moment. Ether is also benefiting from the updraft. Earlier today it was trading at $1 ,583, up 1 .8 % over the past 24 hours and up 2 .5 % since early Friday morning.
The Café Bitcoin Podcast
A highlight from Bitcoin ETF Fakeout + Monetary and Jurisdictional Sovereignty with Jerz, Tone Vays, and the Caf Bitcoin Crew - October 16th, 2023
"Hello, and welcome to the Cafe Bitcoin Podcast brought to you by Swan Bitcoin, the best way to buy and learn about Bitcoin. I'm your host, Alex Danson, and we're excited to announce that we're bringing the Cafe Bitcoin Conversations Twitter Spaces to you on this show, the Cafe Bitcoin Podcast, Monday through Friday every week. Join us as we speak to guests like Michael Saylor, Len Alden, Corey Clifston, Greg Foss, Tomer Strohle, and many others in the Bitcoin space. Also, be sure to hit that subscribe button. Make sure you get notifications when we launch a new episode. You can join us live on Twitter Spaces Monday through Friday, starting at 7 a .m. Pacific and 10 a .m. Eastern every morning to become part of the conversation yourself. Thanks again. We look forward to bringing you the best Bitcoin content daily here on the Cafe Bitcoin Podcast. Good morning, everybody. Yeah, we're early. We started early. Why did we start early? Well, there's rumors swirling around on the interwebs that the the BlackRock iShares spot ETF has been approved. So we are going to cover this live and see what we can figure out as more comes to light. I have not seen a source yet, an official source. I see people on Twitter saying it. So we're going to find out what's going on with this. So where do we hear this? Where did this come up from? Thus far, it was Will Clemente. He's he has a post that he dropped approximately nine minutes ago. And he says the BlackRock iShares Bitcoin spot ETF has been approved by the SEC. I do not know where he is getting the information from. He says he's waiting for an official SEC statement. So I guess we're going to find out. Mickey, I see you bringing you up. Dombay, see you bringing you up. All right, by the way, the Bitcoin, the price of Bitcoin in United States dollars has spiked up to 29 ,000. It's come back down to 28 as I speak. So it's a $1 ,000 spike that lasted not long at all. less Looks like than 10 minutes, probably less than that. Morning, Dombay. Good morning, Mickey. How are you guys doing? What's up, guys? Can you hear me? Yep. What the hell is going on, man? First of all, sorry for being late today. All I got my time zones mixed up, but I'm in San Salvador. Bitcoin, so little rumors that the ETF has been approved. That's the rumor. I haven't seen any official statements yet from the SEC, but Will Clemente put it out as a tweet. He's a fairly credible dude. I'm not sure he's going to. I mean, who knows? It's Twitter. So the purpose of us starting early today is to figure out what the hell is going on and see if we can find some sources that back this up. Oh, so I didn't miss it. You guys just started early. Yeah, started early. Jacob, I'll call you on the side. Okay, sorry. Thanks, man. Mickey, good morning. What's up? Yes, I was just trying to figure out what the hell was going on. And then noticed you guys had started early. So it popped in. All right. Everybody's job as of this moment is to find official statements that back up this rumor. The Benzinga news desk is reporting this coin. What the hell is the name of it? Coin. Drop the tweet in here. Oh, it's Cointelegraph is reporting this as well. Some people are saying it's fake news. One like guys like, dude, this is really irresponsible. Maybe he just wanted to test and see if he could blow up a bunch of shorts. As of now, still rumors, something else that's happening. Apparently, Fox Business is projecting a possible crash not seen since the Depression, the Great Depression hitting in 2024. Let's see what that's all about. Can't wait. You can't wait for a depression like No, the crash. So you could buy the dip, man. Oh, well, you're assuming that Bitcoin goes down with it, right? It will initially. So I suppose you would have to be pretty you'd have to be just ready to roll. Because I don't think that would last. I think it would be a momentary dip. This is just my opinion, not financial advice, whatever. They get to take it for what it's worth, take it or leave it. But if there is a dip, I think it's not going to last very long and you should be ready because I've observed dips hit. They'll they'll last for a very short period of time. I've seen dips last 10 minutes and then they're gone. Other dips last a couple of hours, maybe, but definitely want to be ready. I see Alpha Zeta in the audience bringing you up. So so people are who are joining are up to speed on what we're talking about here. There is rumors floating around that the the ETF has been approved. So we're trying to establish the veracity of that. So everybody's mission at this moment is scouring for official sources that back this up. Colman, I see your request sent you an invite. Good morning, Hafa. How are you doing, man? Thanks for joining us, by the way. Good morning. I'm going to be here for just a few minutes. I have to hop off, but you know, given the news, just wanted to join, see if I can help in anything. We don't know if it's news yet. So far, as far as I can tell, it's a rumor. Do you know that it's news? Do you have some information? No, exactly. It's a rumor. The only thing I saw so far was the Cointelegraph news. I saw a couple of other sites posting something, but it just seems like they're repeating the same thing that Cointelegraph put out there. So hard to know. I tried to find on the SEC if there was anything, can't find anything. So I don't know. For now, it's looking more like it's unconfirmed than anything else. But let's see. We'll know soon. It looks like Eleanor Tarrant from Fox just tweeted BlackRock has confirmed that it's false. Their application is still under review. Well, there we go. Mystery salt. Thanks, Coleman. Appreciate that, man. All right. I suppose we could leave the topic as it is because there's going to be a while before people catch up to that. Coleman, can you repeat that again? Who was it that talked to BlackRock and confirmed that it is still under review and not approved? Eleanor Tarrant. She's with Fox Business. She posted a tweet about five, six minutes ago that says BlackRock has just confirmed to me that this is false. Their application is still under review. All right, got it. Take a note, sir. still While we're here and have Hoffa, we'd love to hear kind of your thoughts, Hoffa. We've discussed this before on the show. You know, ever since the announcement was made that BlackRock was even putting in an application for an ETF, like that was pretty big news in the space. And so we went through various different scenarios. Hoffa, for those of you who don't know, is CIO at Swann. Very, very smart guy. In my opinion, possibly the smartest guy in the company. Worked with Merrill, worked with Credit Suisse, I think, or Deutsche Bank, one of the two. Deutsche Bank and Goldman, yeah. Also, Goldman. This guy was coding at the age of seven. Very smart guy. Do you want to break down kind of what your thoughts are on what the possibilities are when this thing does get approved? If it does get approved, like in comparison, for example, to like GLD. For those of you who don't know, GLD was an iShares BlackRock baby, I believe, or it was SPDR. Either way, State Street, SPDR, either way, it went from basically a dead start to billions, many billions of dollars in a very short period of time. Should something like this get approved? Like, what are we looking at here? And does it change anything? Is it significant? Does it even matter? Yeah, so, you know, first and foremost, thanks, Alex. You're too kind. I doubt I'm the smartest guy at Swann. You know, there are a lot of very smart people here at the company. But that being said, a couple of things. I think, you know, before saying anything regarding the ETF, let's, you know, the price action today just be a reminder to everybody that plays around with leverage that you are going to get burned, right? One way or the other, people, their leverage out there, if you look at the liquidations, the short liquidations are just massive today. And I bet some of the loans as well, because people are starting to read this news, thinking that the market is going to go up, right? And they're leveraging on the upside. You are going to get burned. There is, as we say time and time again, there is no alternative. The best thing to do is to buy Bitcoin on leverage, put it in cold storage, leave it there and you just wait. It is as simple as that.
NoCo Now ? 1310 KFKA
"16th" Discussed on NoCo Now ? 1310 KFKA
"The phoenix neither of those two teams scare me. I don't know why they just don't here's me because i think that i think utah and and phoenix are who the nuggets were two years ago and i think the nuggets now have a little bit more. I mean coming back from those three to one deficits. Maybe they should have been there. Utah even better against the nuggets. Though knowing they went down three two one see. I think that makes that's matchup scares me. Would you rather than play utah. I or lakers boy. That's a tough one. I mean if you probably go utah. I think if you beat the lakers in the first round which is looking like the match up a little bit more smooth sailing. I guess is is where i look at it. Say you just got the defending champs the old adage of you've got to be the best you got to beat the best. You take him out. But chris dempsey said something on your program. Yesterday that i thought was was awesome. You guys were talking about where You said that you just got to keep winning and see when the dust settles where you're standing and i think that's really i mean that's the mantra right. I don't really like playing the game of. let's let's lose a few purpose positioning imposition down because especially this year. Because if you drop to seven or eight you have to play a plan game and that silly and that would hurt nicole. Yokich is vp opportunities as well finished in the top. Three or four maybe talk with the whole host of the whole show. the colorado. I won't cuisine avalanche but they look phenomenal. They're gonna win a tighter. Amazing yeah ball arena is going to be. There's a possibility. There could be two banners like five years ago knowing who was the first year that both the avs and the nuggets. No it was like seven or eight years ago maybe more the first year that both teams were not in the playoffs. I know how extras in the playoffs. Dick montfort should call the crunchies and talk about how to own a team before. I let you go here brady We sat down for. Let's have a beer podcast. we did..
NoCo Now ? 1310 KFKA
"16th" Discussed on NoCo Now ? 1310 KFKA
"Caller block of east twenty. Second street reported light on the side of a house was flashing repeatedly in the same pattern. The caller had been watching the light for about ten minutes. And it didn't look like a motion sensor that's called a bad battery folks.
Mornings With Gail - 1310 KFKA
"16th" Discussed on Mornings With Gail - 1310 KFKA
"And is expected to you. Have some democrats making moves toward Packing the court expanding the supreme court from nine to thirteen now. Nancy pelosi putting kind bosh on that at least for the time being but i think it kind of as the camel's nose under the proverbial tent This as nancy pelosi says no we have no plans whatsoever To bring this to the floor. This as a legislation was introduced a just thursday once again to expand the supreme court to thirteen justices. But well nancy pelosi san now. This is a battle that we just don't want to take on at this point in time. So we'll get to that brief history of court packing on monday fifty. Five thirteen ten kfi k. Joined by meteorologist atmospheric scientists that makings with channel to pinpoint. Whether he matt. How are you this morning. Doing pretty well and you doing well. I like the The view of all this water sitting in on my property here. This is good there. You go because we did. Get some solid precipitation. Yeah a lot of us here in the north. Got three to six ish Then there's pockets on the west side of the city that had They didn't get to foot. They had over nine inches in some cases so a lot of water in this one This is this is a good wet one so this is going to soak in pretty nicely. The next few days and and things will be green. Which will be good. That's always a good thing especially with earth day right around the corner. So what does the weekend. Weather forecast look pretty unsettled. Honestly we'll make catch some glimpses of sunshine today and tomorrow but still kind of under the influence of this pretty active pattern And that's gonna keep us big cloudy for the next few days. It'll keep up chances for snow the next few days and keeps us cool for the next few days now today. We may not even get out of the thirties. Probably make our way into the low forties tomorrow and then try to make a run at fifty or so for sunday now with this help with the drought This recent moisture It will help in in regards to maybe very slight very slight improvement. But i think the biggest impact of all is just going to be that it's going to help keep the drought numbers right where they are In and that next up they will come out next thursday And it will include this storm data with it. And i would guess we'll probably not see a growth of drought in the conditions. Remain the same so in that perspective was a good thing to have this definitely channel to pinpoint weather. Meteorologists matt makings. Thanks as always have yourself a great weekend. Be well be safe on the roads. If you're out sounds like a plan. Eight fifty seven now thirteen ten. Kfi kfi here mornings with gail weekdays. Six to nine and northern colorado's voice thirteen ten. Kfi what's happening in your own. Backyard listened to no co- now with tanner's went on colorado's voice thirteen ten. Kfi license plates in colorado or being auctioned off to the highest bidder and a fundraiser for the colorado disability funding committee license plate with is it for twenty has so far garnered bids more than sixty five hundred dollars. Bids are being collected until you got it. Four twenty pm on april twentieth considered our unofficial pot holiday. All right keep it right here coming up a noko now with your host. Tanner swint at nine..
NoCo Now ? 1310 KFKA
"16th" Discussed on NoCo Now ? 1310 KFKA
"I mean i mean that's the goal right but With with do you think this could possibly add another chip on the shoulder of these young guys and an end up being a blessing in disguise. Yeah i mean we've seen that before I'll just keep thinking of david. Roddy the other night he he actually started really well and then i started to struggle. He ended up shooting. I think three for seventeen which is Stunning for him. Because obviously he's a way player in that and just seeing the anger on that guy's face i mean he is one of the most driven athletes. I've been around. So i just keep thinking of that and then him all off season in the weight room thinking of himself as he's working out and wondering what that's cancer net do next year so yeah. I think there's gonna be a team you know. Obviously we're we're talking way down the road but you know coming into next year. They're going to say leave. No doubt guys if we go be everyone. They don't get choice whether we're playing in the ncaa tournament and you know we make them put us in. Yeah i think that's gonna be off season and leading into next season mentality because yeah there's a driven group. That of course is very upset and bummed out to not be playing in the ncaa. So kevin kevin lion fort collins colorado. The last thing that i wanted to throw out there and it's a very slim chance. So i don't wanna i don't wanna get any hopes up but cove nineteen is still concerned if a couple of teams have a positive case going into this tournament. Is there still a chance that says you can get into the big dance. Yeah there's an outside chance that you know with the last four. Those fourteen are deemed the on call teams and in order so see issues number two so two teams would have to drop. But frankly i don't see it happening. Medved said as well because one of the big differences you know with how they have the bubble structured in indianapolis. I believe every player has their own their own room. You know the teams are all separate. So so really. The only time they're together is when they're practicing so the theory is if someone test positive through contact tracy new shit if you've done it right. No one else should be aimed in close contact so as opposed to sometimes in the regular season. When you know one positive could you know. Make the whole team shut down. If the the protocols are followed properly one or two positives shouldn't necessarily a team out so by doing that and he only have to have by rules. Only five chelsea players. You'd really have to have a whole team. Kinda get walloped by this and again in theory. All these teams are indian in indianapolis. Now and so once you're there and in the bubble It should be okay. Obviously we've seen that go wrong before but I think it's a very slim chance we'll know four o'clock mountain time today is deadline for teams to withdraw and if any team you know has covert issues after that they just won't be a replay so they'll just be at forfeit in the bracket there so This evening we'll know for sure by it is there..
NoCo Now ? 1310 KFKA
"16th" Discussed on NoCo Now ? 1310 KFKA
"Kfta had to be closer to the station here in greeley transferred to unc. And i'm i made friends with professors. That i still stay in contact with unc. Obviously it gets. It gets a lot of a lot of grief from other people because maybe doesn't have the fancy stadiums or or things like that. The athletics Maybe a step behind. Unc and see you. But i really. I liked my time at unc. I really did. I like the accessibility of the professors. So i want to know what is the best college in colorado. Chad must be a little confused because he sent in a gif of of hogwarts So i don't think. I don't think that's right chad. I last time i checked. Hogwarts has not in colorado But the reason that. I asked this question and pose this question which is a lot about athletics when it comes to two universities and stuff like that but there's more that goes into it it's the overall experience right. It's all the different things you can do right now. As college students go on for some their last spring break for some just another year of being able to have a week off. I wonder if they start to sit and think and say. Should i be here right now and i hope they do and and i think that i don't think it's a bad thing to be questioning this Are you really getting the bang for your buck when you talk about paying for college. There are so many jobs out there that it's skilled labor jobs. That are hiring right now. Did it makes it hard to hard not to look at hard not to look at the way that the college system is setup especially now that it's all online and don't get me wrong. Colleges are seeing that they are still charging the same for zoom classes. There they will run this like a business in some ways. They will keep more zoom classes for as long as they can. They will cut down on. The cost of having students live on campus. The university experience will change forever. This in it should but my question is.
Mornings With Gail - 1310 KFKA
"16th" Discussed on Mornings With Gail - 1310 KFKA
"In the so far mexican. Dust was actually found in colorado blizzard. Pro-peace out of cnn By jennifer grade this morning that snowstorm. That broke records. And we'll help brought many of us to a standstill. Had something else quite literally buried in the snow. It was a layer of brownish snow. That fell in both new mexico and colorado with dust. That emanated from mexico. Was a tweet from the national weather. Service office in albuquerque. That pointed out this particular phenomenon. The dust that was locked at this afternoon from the playas in mexico has now been transported all the way in to colorado now There were no satellite images that showed the dust being carried north winds using a filtered layer created by colorado state university Dust to was pretty easy to pick out in the imagery. Dust even ended up in the snow as far north as boulder according to the national weather service Which tweeted a picture of the brownish layer that fell outside its office in boulder. We don't see too often according to a national weather service spokesperson More often dust will be carried from the white sands national park which is in the southern part of the state but to get it from mexico. Well that's prote- darn rare. The weather setup for this event was well kind of the perfect storm so to speak northern new mexico. Parts of colorado had a red flag warning in place for the past several days so winds were gusting out of the south west at sixty to seventy miles per hour at times and it was these strong winds that helped lift and carry the dust from mexico. All right six twenty nine now thirteen ten. Kfi a thirteen ten kfi k. a. dot com have some lingering weather related closures. Wanna pass along to you this morning. Close to johnstown milliken r. e. five jay platte valley are seven thompson school district. Rj to weld r. E. four windsor severance schools also closed as weld r. e. r. e. Three j eaton. School district are easy to closed as well as is the loveland recycling center and the city of loveland a transit bus buses. They will also not be operating today. All right how. 'bout a little framer. I mean certainly. We got to know the electoral college. Pretty darn well getting a crash course on the electoral college but house. You're working knowledge of terms like the administrative state filibuster or meritocracy the language of liberty a citizens vocabulary new book from ed hagen stein well it kind of breaks down all those terms into something readily understandable at joins us this morning for review and some pretty interesting conversation when he joins us at six thirty five six thirty now. Thirteen ten k. f. k. What's happening in your own backyard. Listen to no co- now with tanner's swint a northern colorado's voice thirteen ten kfi k but with your favourite high school basketball teams with perhaps radio. Another colorado's voice thirteen ten. Kfi justin you pretty in order words if you're kind of wonky like me even if you're not because well the politico's are going to use words to their advantage. Think reconciliation for example as we move forward in the process. Thirty eight now thirteen ten. Kfi a thirteen ten kfi. A dive com northern colorado's voice mornings with gail the the collision specialist studios do have some lingering closures as a result of that snowmageddon. That came down on sunday. Closed this morning johnstown. While all day johnstown milliken r. e. five jay platte valley are e seven thompson. School district are two j weld r. E four windsor severance schools also closed as his weld r. e. eight weld r. e. three j. eating school district are easy to and just a reminder that the loveland recycling center and the city of loveline transit buses will also not be operating today. But think about this. Democratic government depends on a populous. A people that understand oh and can also discuss with some degree of not only honesty but understanding the very fundamentals of the nation's affairs and this all hinges upon us having a working political vocabulary. Well the language of liberty. A great book by ed hagen stein a language of liberty a citizens vocabulary can help a add. Welcome to the show and thank you. Thank you thank you. We were scheduled to talk with that yesterday. But let's just say well because of all the weather we had to postpone so thank you for being so gracious about that. Yeah absolutely thank you so much for having me gail you bet. So let's Let's work through this book. And i love this primer of terms. That are bandied about that we think. Oh yeah. I've got i've got a handle on all that but then if someone were to ask us What well administrative state or filibuster or meritocracy actually means. I can't the thing that many of us might draw that proverbial blank absolutely and it was One of the really interesting things about doing the work behind this book. The reading and research is. It was always finding stuff that i never expected i would find. Everything was a little bit of a surprise. When i got going on the Research for any terms that it was always interesting stuff to find and so my knowledge. I was sort of constantly learning things when i was doing the work to To prepare this book So very much exactly and What you said. We think we know these terms. But there's a lot there. We don't know a lot to learn definitely so let's start with one of my favorites. Don't know if this was in your book or not reconciliation. I'm so sorry. I did not get that in the book. I might have to put that into two or something. Yeah yeah because that seems to be well kind of the pathway forward for a lot of the legislation that we're seeing so how about There's a lot of controversy. A lot of debate over the future of the filibuster. So let's talk a little bit about the filibuster and why it matters particularly for the party that is out of power. Yeah absolutely and that is one.
Mornings With Gail - 1310 KFKA
"16th" Discussed on Mornings With Gail - 1310 KFKA
"This is mornings with kale and northern colorado's voice thirteen ten. Kfi am til. well hope. You're digging out. We were dug in by snow pocket. Left snowmageddon every liked to refer to it as yes it was technically a blizzard for awhile. You remember both larimer and weld county when under that blizzard. Warning on a sunday digging out or you're saving those trees of those poor trees and the downed branches. Hopefully your power is back on. How's it working out for you. Not seven three five. Three thirteen ten got taxed on our thirteen ten. Kfi text line and let me know how you're doing this morning as once again. We're getting out of from under. the snowfall. Totals were absolutely incredible. In some areas of northern colorado. Some areas of loveland for example had thirty inches of snow. We were talking with joel. Hem south of who is the greeley city of greeley. Deputy public works director just yesterday and he said they were seeing drifts and some areas of four to six feet. Does that what you were seeing and your house. Seven three five three thirteen ten. By the way. I if you have been part of our texting family for quite some time. Nothing has changed. You can continue to text away to your heart's content but if you want to join our thirteen ten k. Texting family come on down all comers. Welcome we've got a brand new number for you. Nine seven four seven eight thirteen a one. First time you used that number all you have to do is tax kfi k. a. Two nine seven four seven eight thirteen a one do have some lingering weather related closures. This morning johnston johnstown milliken r. e. five jay closed platte valley seven close thompson. School district are two j closed as well as is weld r. e. four windsor severance schools weld r e. Eight weld r. e. Three j eaton school district are easy to as you heard in our news this morning. Over in loveland loveland recycling center and the city of lublin transit buses will also not be operating today. Got some tips for ya. If you're out there just do everything you can to find that Sidewalk once again. I'm still trying to check into that. And if you've got the answer to this question pass it along. I know that Well they crackdown down. Pretty hard in denver. But i can't help but think up here in northern colorado as well There are surprised not strict requirements. No matter how deep the snow be at six inches be it well over two feet whatever. The case may be about those residential sidewalks that insult to injury right. I mean this was moisture laden heavy wet snow now. Just trying to shovel your driveway right and maybe shovel the walkway up to your house. But no you've got to do the dry the sidewalks around your house as well because we'll let's say could hit you in the pocket book But still kind of noodling around to find out what the specific requirements and. Yes what the repercussions are. If you don't clear your sidewalks do you have that information nine. Seven three five three thirteen ten but again just wanted to pass along. What are some fairly important tips Nelson garcia nine news did a great job on this story just yesterday. He actually talked to a home inspector because well. The work isn't necessarily done after you clear your driveway and your sidewalk of course of snow. There are certain safety precautions that you need to be aware of and take care of both in an outside their home this as home inspector. Mike warned us that well. Our post storm cleanup work around the house. Even though you might be seen your driveway why look there is. Perhaps you can actually get out of your driveway out of your subdivision and get out to the major arterials. Oh and before. I jump into this a big huge thank you to our hard working rhode crews on a city and county basis but indeed to those hard working cdot crews many of whom were working twelve hour shifts in order to make the roads. Passable was talking to some friends. Unfortunately i'm kind of still marooned in the neighborhood at the at this point in time doesn't hurt that have a low profile vehicle as well because that's just say those chunks of snow have built up but i the roads i was hearing at least throughout areas of land were dry and if it weren't for those hard working dedicated cruise getting the job doing it right dedicated to their craft. Because when you think about it you know you might think they're just out there in these huge trucks with these huge plows and all they have to do is push the snow to the side of the road. It's not quite that simple. And that's why i yesterday and leading up to the storm. I was asking so many of you to give those plows of break essentially bow to the plows so to speak but again a huge shoutout to all of those plow drivers are first responders everyone who was on their game throughout the storm. Meanwhile back to mr mendoza. Sure shoveling your driveway shoveling your walkway. Something important to do but you need to think about vents on your house particularly.
That’s Wild Podcast
"16th" Discussed on That’s Wild Podcast
"Clicked. You know man. I got to say a dirty white man. I appreciate you coming on the show with us. Net is the fuck it live for real bush love man gertie you wanna you wanna shout era links to whatever you want so i put a bunch of them in the chat that's relevant The main thing that i really wanna plug over and above all i i wanna say thank you for having me on. That's awesome been we've been. We've been twitter. Yeah we've been twitter. Home is for for far too long peninsula just now have been happening but Many many good returns anytime. You guys want me back. I'm back. I'm always working on new shits always gonna have some bullshit as just few. You know what. I mean if you if you're with The main thing that. I really want to promote as a now stay tuned. I got a new video coming up some new song. Nobody knows about pretty fucking. Intense is crazy. I work really hard on. Its excited excited about that. Someone out with a whole launch and roll out. And i can't say anything about it at this point time but currently my entire life for the past couple products six eight months has been reckless and romance. That's what i'm trying to push. That's my that's my you know what i mean. That's grammy winner. I feel like or one of them could be so you know to put the proper attention behind it requires a budget requires working together so once again it's invaluable to this type of stuff you know. I just can't shut out enough for being active. People that are re tweeting. Shit sending the shit out. You know what i mean like. It doesn't matter how many hundreds of dollars pay facebook. Facebook put an ad in your face is never gonna be as meaningful as ever walking somebody in this motherfucker here. You know what i'm saying. Just like i did with all the people early when i put you on. dot com. I said it on my good. Were you know what i'm saying. Ask fire issue. That's going to be always going to be superior to. Here's a three second blurb. Here's why you should follow my page. Yes but also go checkout reckless and romance on running. Do google ads on facebook ads on it word of mouth everything it can do. We pushed it up to like twenty k. Now so subscribers. Deputy going up anytime you got anything you want to promote. Whatever you want to do a podcast you hit us up and we got you big bet. Hey i need to start doing something. I need to start doing something weekly so i might have to have. Y'all yes next time. I'll have y'all long guest on russia. Oh three shady bro for real. I'm with hey why reading. Good night with a look. Send me links any whatever you need. So i can share it. Hey oh yeah real man you already know he a and that's it i keep..
That’s Wild Podcast
"16th" Discussed on That’s Wild Podcast
"You talking about destroyed you. Oh hey y'all like jam and the mowbray area. I heard that she like three or four times today. 'cause i had you on spotify the whole time that's bad. That was bad. Hey man. I got to man yell. You versatile as fought bro for railroads retrial man. It'd be trying what. I love about credit man and i'm like you said i know we've been going around. I'm tripping on no time. But i just want to say just one thing about About credit is really do so is like a small world. I guess if that makes sense so like you know hops and right you know hopson is a hell you. Oh yeah obstinate man so he was signed to Volumes okay back in like twenty Think twelve he broke up with them and he's been on doing independent music ever since whatever he so he was signed with funk boy do name jaren bent and he may not may not have heard of him. 'cause i don't like technically his famous has not been became a jaren. Bitten conspire to don't play with him. Jaren if i can put you on one more person. J. e. r. a. j. a. r. e. n. b. into jerem- ben but due to the monster email point being is i go to atlanta another totally different trip. Whatever we go down there we throw a party. We did performance. Does it escape parks booking lucielle of those. Dj there was dj in the event and his name. His name was Dirty martinez and i was like well. This convenient you know. So i go up and introduce myself or whatever so all right so fast. Forward a couple years later to may twenty twenty. Did the song. And i'm on my instagram looking at dj dirty martinez and i he's on stage. Dj for jaren men. I'm like this is so fucking though. I had no idea you know what i mean that a dj random dj the dj mop party down in atlanta would have like would be doing. You know that type of didn't know those world were connected and then a couple of weeks. After that. i see aaron cohen. Dude it's on the song with me there and he actually is on the fucking tour. I just didn't see pictures validation. You know what. I mean until a couple of weeks later. I realize like wait. A minute. Tour together like all three of these people are gone. Knew about darren. For a long time. And i met the dj but then the have aaron come aboard random house like oh this could spit on like what the fuck all right. Yeah you gotta we gotta make something shake man. So i gave him got him his feature money. He snapped on the track. Did his thing. We've got a video lined up and everything man. I'm not trying to shed light on. It could snot. All the pieces aren't altogether yet but going to new york. Hopefully do this shit up there were. He's at man. I video that. I shot somewhere like far far away. You know what i mean but can route of new york What wild about that song though is that there's a shot up in hot radio. Dj sim bombay. Goes to spend it on london. Heart radio right after right after i i met linked up with him and gave him some shit to spend he was going to spend credit. We did an interview and he accidentally downloaded dirty version. And i know arguably monday story white so sometimes my into your sits files. They'll just say dirty as in the artist's name and deejays views and think it's not the clean version or whatever so point being is the confusion here and jason downloaded the dirty version and played it on. Fm radio so my first introduction to london was aaron cohen book. You click. You.
That’s Wild Podcast
"16th" Discussed on That’s Wild Podcast
"Off. We're supposed to be saying major. I'm to say we supposed to be saying little. I think that's disrespectful for like people there actually little right now. No i feel like thousand. Ms i get mad literally i would give me. That would give little man syndrome. You know. I get pissed off for no reason just saying. Now you gotta reason your images that's laura midgets need love to you know what i'm saying to you know. Obviously the keep things to keep things fair you know. I'm not like the tallest of dudes. But i'm a solid six foot like if i put my man bun in an six eight so fucking you. Obviously but that was like she. I'm sure there's foot by one of hair on top of your head. Count for shit on earth. Being is like the dude. My homeboy that wants to wants to fuck a midget. He legit like six four. Oh my god like full like yeah do stall so like tv a man like. How's it gonna work out dug out a whole lot in common. You know what i'm saying. Let me tell you something. If i had a fetish to to bang. A little person made midget. Whatever i'm supposed to say it would have happened. I was single. And i wanted to was taking him i dig. I don't think he really wants to talk about. We not single either as of the moment. He's saying well no so obviously asia expected warm. But this is the pre existing conditions.
That’s Wild Podcast
"16th" Discussed on That’s Wild Podcast
"At check nationally. Now real zone bunches. It already remember any names that i stayed at night. Remember some sunshine and go to listen to the listen to three. The three ws. All i know is win and read and what to wear he got like i is broken off like i was in atlanta for a music conference in a managed to like i had actually been correspondent walls yes like hebrew my mind when he actually replied him my instagram. Dm like some months earlier. And i was already like teasing with the idea of a cabinet. Had no idea like legitimate competition. Because i really like. I don't know. I'm all good with sending a file to somebody if you're far away it's just so much over to be in the studio with somebody when you're when you're actually collaborated Bouncing off each other. You know what i mean. What do you think about this and you tell him something you know. I want to be in the studio with this dude so wasn't just like ours. His courtship senator. Mike i was like i gotta make happened right so it down to a went down to atlanta for that conference in going to the studio to me on this other new university king on from outwith did a song together and it was on and then united scheduled schumi tongue slim to come in right after that fucking pulls up in a mercedes you gets out fucking white knit sweater looking please. Fuck easy breezy dutiful. Covergirl you know what. I mean like absolutely which you slam. Here's this don't be mad at but you know what i'm saying. That was limited. Like one of those folks who are low key idle you know what i mean like low key idle because i've been on this. I've been on his music for a good fucking six years at that point. You know what i mean. Listen to everything that he put out different in end up like sitting right there in the studio with him. He's like. I are saying that are things beyond say story but you know now dude s your story though is bad ass. I mean that's why you're doing this. That's why you're you do this music to have experienced like this as liberty grounds. That's career. I man i was gonna ask you know this whole thing. The pandemic hit could do live shows. No audible shit. What do you got anything when everything starts to open up man. I'm election gotta show. I've actually got a show right now. I'm doing march twenty It's going to have to be one of those limited We're going to say we're going to say we're gonna max it out like you know it's a big old. It's a big old hall to like a big performance that i got Gonna do some cuts off the new album that live ban.
NoCo Now ? 1310 KFKA
"16th" Discussed on NoCo Now ? 1310 KFKA
"The nuggets in That win and they needed every bit of them. Ninety seven to ninety five they won that game and then against the lakers he he. He looked great as well putting up. Twenty five so two straight games for Jamal murray over twenty points. That's what it's gonna take this. The first of a back to back game for the denver nuggets also play wednesday night at six o'clock the denver nuggets again taking action there tonight against this afternoon. Excuse me against the boston celtics. The let's see here. The northern colorado bears also added a game here This'll be taking place next monday. They've added Game against warner pacific. According to unc bears dot com. The bears. back. In court. On monday february twenty-second at six thirty pm. This will be the first game in february. After the program went on pause due to kobe protocols what i like to that After they get this in on monday then they are coming back to be back home for two game series against portland state. So you get some of that Rust shaken off against warner pacific. And come and get back into big sky conference. Play at this point it's going to take. Unc winning the big sky tournament to get into the tournament and that that will be true for all big sky teams so No no not whole lot law so far for the bears. They just got bounced back and get playing their best basketball before it comes tournament time. That's they'll look for the sports world Again from perhaps There was preps action was about the only one on on president's day yesterday that we had any action on But don't miss any games big hockey fans so hockey fans surprise me. Colorado's got more of them than than you know that they're really can think of and there's not many restaurants that liked to put on hockey games the tavern say michael square. Does they play the avalanche games up on their. Tv's the owner chad young's diehard avalanche fan. So you as fans out there. If you wanna watch that game tonight at eight o'clock they can have it at the tavern at saint michel square taco tuesday going on today so get some tacos get some drinks. Enjoy the tavern. It's michael square. Just i've got. I've got another lunch meeting. Go there today. i go there a lot. This'll be this'll be my fourth lunch meeting in the last two weeks over there so Yeah i still not not board of anything on the menu. But i'm trying to turn watch what i'm eating a little bit too so i i'm thinking i might do the tavern burger without abundant. Try to take the carves out of it. And then they'll accommodate anything like that for his. Well it's the tavern at saint michel square. Let them know you. Heard about 'em right here on noko now. Our poll question on our facebook page. Atn oko. now you can comment there Do you support the next section of weld county into wyoming. You can also text the cafe tax on nine seven zero four. Seven eight one. Three zero one tech's knights zero four seven eight one three zero one Pete chiming in on the text line. Can we make it a two for one deal well. County and our governor Poll is to wyoming. So you're but you wanted to take well county and police and go. I'm confused by that. But it isn't isn't police. The reason that well county wanting to go to wyoming anyways peak come on. What are you talking about there. You're going to have to hit me back there. Because i don't think people are wanting to to go that i mean that's the reason they're wanting to go is because of what governor pulled his done so you wanted to trade them both. I don't think that deals gonna work. Nobody that that'd be the same thing we be taken colorado and making it why or making wyoming colorado which would be interesting cozy ten. Eighteen the time. We'll get to more.
Mornings With Gail - 1310 KFKA
"16th" Discussed on Mornings With Gail - 1310 KFKA
"Dollars at three dollars and seven cents. Texas oil and gas wells are shut down. Twenty five percent of the nation's daily production is what we're talking about here. Refineries are also shut down in texas and louisiana energy stocks. Talking oxy pete. Exxon halliburton conaco phillips. All higher this morning no surprise in that and the markets higher as well record territory dow industrial average. Thirty one thousand five fifty two up ninety three and it's actually down a little bit from where it was just minutes ago. That's point three percent the s. and p. five hundred up bow point two percent at thirty three thousand nine hundred forty two and the nasdaq over. Fourteen thousand at fourteen thousand one hundred twenty seven thirty two. That's one quarter of one percent yield on the ten year treasury one point two five percent bitcoin amidst all of this surgeon to over fifty thousand dollars per bitcoin yesterday in trading. Are you feeling lucky. Yeah right. We'll skeptical on that. I don't know maybe. I'm a little old school. I like currency backed by the full faith and credit of at least something and bitcoin is not how ever it's interesting to note that amid this run in the value of the crypto currency sixty percent this year after quadrupling last year this latest increases being attributed to support for crypto currencies from three fortune five hundred companies tesla buying one point five billion in bitcoin In the month of january and says it will soon accept bitcoin. payment for tesla automobiles mastercard. Says it will soon offer support for bitcoin on its network. Mastercard already offers a card that allows transactions in crypto and then be and mellon bien. Y mellon is america's oldest bank being y mellon says it will hold transfer and issue. Bitcoin and other crypto currencies for that customer does that include. Doug coin doj. Well does because i heard the pronunciation was like vogue vogue like madonna. Come on vogue heard it was doug or dagi or does what was started as a joke but elon. Musk is like behind it. Yeah yeah cute little doggy on. Yeah why they do that because they could because they could. That's a good point. So bitcoin this morning back below fifty thousand per. Us dollar fifty thousand dollars. I should say per bitcoin. Forty nine thousand five sixty milestones a year ago. Nine thousand five hundred this morning right now. Forty nine thousand five sixty a month ago.
Mornings With Gail - 1310 KFKA
"16th" Discussed on Mornings With Gail - 1310 KFKA
"Of that and is bitcoin. The new goal or is it. One of the biggest market bubbles in history. We'll check in with keith. Wineman presidential wealth management when he joins us run around seven. Thirty four seven thirty now. Thirteen ten kfi kfi party. Northern colorado's force thirteen ten kfi k. The block party wednesdays from four to ten. Pm great piece in the wall street journal by the editorial board this morning this as oil prices have spiked across the central us while regulators ordered rolling blackouts. Yesterday expected to continue at least through today if not through the rest of the week as an arctic blast has frozen wind turbines here in writes. The editorial board is the paradox of the left's climate agenda the less. We use fossil fuels the more we need them oil and gas industry frozen out in the cold keith. Wineman presidential wealth management in now correct. Correct me if i'm wrong. This sub headline right beneath the headline on the wall street journal article. That say it illustrates the folly of eliminating natural gas and coal. It certainly does the folly. Eliminating natural gas and coal as four people. Four million people in texas are without power this morning because of statewide rolling blackouts because there isn't enough electricity to meet demand and keep in mind that includes the networks. They're going on the national grid by electric city to meet the man that includes that they can't buy enough. They can't find enough electricity to buy to meet the demands. Well excuse me at the platte river power authority a just this weekend issuing a very rare call to conserve energy asking its customers in fort collins. Loveland estes park and longman to well Just to conserve on sunday when it came to their power usage from four to ten pm. Yeah yeah so it's wide reaching and there's another one common another storm coming thursday wednesday in wednesday night into thursday. So what are we learned from this. Anything bueller pickets really prices for oil. Natural gas and gasoline prices are sharply higher. One would expect that west. Texas intermediate the us benchmark crude oil shot up to well over well over sixty dollars a barrel yesterday this morning. It's at fifty nine dollars and sixty cents a barrel natural gas prices holding over three.
Mornings With Gail - 1310 KFKA
"16th" Discussed on Mornings With Gail - 1310 KFKA
"It turns the president into a mere prime minister subject to the whose tenure is subject to the pleasure of congress congress. Now one of the thing. I wanted to mention here. Because i i personally believe that. This impeachment proceeding was Driven partly by hatred of trump. I think a lot of people believe that. But i also believe that there is a political calculation behind it which may be more important and that is to take our eyes off the irregularities and the twenty twenty presidential election. It's still not absolutely determined. That joe biden was ever really elected president of the united states. And you don't have to go in all kinds of conspiracy theories involving dominion voting machines to conclude that there were some real problems including a very serious problem violation of federal law through the use of mail in ballots in presidential election. So there's an effort here and thus far very successful effort here to take our off the important ball and that is the integrity of the presidential election system. My hope is that state legislatures. I think puffy the colorado state legislature is hopeless. But my hope is that the state legislatures in swing states like pennsylvania and georgia and michigan will not be distracted by what is ultimately meaningless impeachment procedure and that. They will concentrate on making sure that if there was corruption. It doesn't happen again. Seven twenty thirteen ten. Kfi am rob. Nagelsen is head of the independence institute. Constitutional studies center a law professor for twenty five years author of the original constitution. What it actually said. And all right. Lindsey graham once again saying that impeachments based on partisan differences appear to be becoming normalized. Do you share that concern. No yeah i do. I wrote an article for the epoch. Times recently And i headed it with a quote from edmund randolph who is one of the framers of the constitution and a leading ratifier of the constitution. He led the pro constitution forces at virginia governor. Genu- ratify In which he said noman ever thought about impeaching demand for an for an opinion that that was off the table and if you read the constitution the constitution enumerates for grounds for impeachment treason. Ri- bree other high crimes and high misdemeanors that were high goes with misdemeanor as well as crime. there's no way that the president and the situation was guilty of treason or bribery or high crime. I mean we didn't accuse them of a crime. He's also not guilty of high misdemeanor because a high misdemeanor is defined the founding era as meaning a crime. That's how it's our definition was at that time. So why is he being impeached. Well he's being for exactly the same reason that edmund randolph is off the table. He disagrees with them now. You also wrote a great piece in the epoch. Times rob What conservatives what lessons conservatives that need to take from the trump impeachments as we just Suffered through impeachment two point. Oh what are those lessons. I wrote about twenty of them. And i'm not going to bore you with all of them one was don't take your eye off the ball. You know. keep in mind that. This impeachment is a distraction and that there is serious work to be done at the state level in reforming investigating the twenty twenty presidential election and reforming our Our our presidential election procedure I also should mention as you know gail. There's now and i think you mentioned this to me. Talk about trying to disqualify the president under What's called the disqualification clause of the fourteenth amendment. And if you want me to explain why. I think that's a nonstarter..
Mornings With Gail - 1310 KFKA
"16th" Discussed on Mornings With Gail - 1310 KFKA
"So this information came out and require the impeachment managers kind of shift a shift position and then when they when the Proceedings began in the senate. The the constitution says that the senate is supposed to try the officer who is has been impeached. And that's always been understood as calling. Witnesses reviewing the law Taking depositions that happened during the clinton impeachment for example kind of a leisurely process instead the prosecution's entire case seemed to be a series of videos. Which would have been inadmissible in any court of law. Because they're here say they can't be cross examined. They did not have a sponsor to testify to their accuracy. And as you said they were very slightly edited To make the president look bad and the example. Just finish up the example. I like the best is they. Repeated the old canard that the president had had praised neo nazis in charlottesville when Gave it shown. One of the defense counsel Showed the entire video. You saw the president twice excluding neo nazis from his praise. There was a lot about this house for c. To be that the impeachment proceeding that stumped to high heaven and in particular. The i think unethical conduct of jamie. Raskin the head. The head Impeachment manager well and it seems to me again. Maybe i'm taking a simplistic approach to this. But that's why you're here because you can flush it all out but it seems to me. The democrats were arguing. I get it This is a political exercise. So check me if i'm wrong on this. The same standards in a court of law don't apply to impeachment proceedings although where the heck was due process but the bottom line is the democrats were arguing unemotional case the republicans and trump's attorneys were arguing the law. Well look impeachment is really a hybrid. It's not a court of law that's true for example the standard of proof If you're trying to convict somebody of a crime as everybody knows is proof beyond reasonable doubt in an impeachment proceeding. What's called clear and convincing evidence which is more than an ordinary civil case but but not as much as proof beyond a reasonable doubt it really is partly trial right but and partly a political process. But it's not a political process like a legislative debate. A trial does imply as you just suggested. A certain amount of due process By the way. I i want people to understand that. My condemnation of representative raskin's conduct wasn't simply based upon the deceptive editing of the videos you remember the letter sent directly to former president trump quote inviting him to testify arrogant letter right. It's an ethical violation for a lawyer in an adversarial proceeding to directly. Contact the the opposite a client who represented by another lawyer. You know on the other side. So what raskin should have done as he should addressed his letter to trump's lawyers. He didn't he addressed directly to trump that kind of conduct. Get you in trouble with your lower state supreme court what about the hearsay evidence and all the flap over that Now infamous phone call. That either did or didn't take place between on that fateful day as the riot was unfolding at the capitol the took place between kevin mccarthy and President trump and everything that that entailed to my knowledge. Check me. if. I'm wrong on this once again. Rob to my knowledge mccarthy has never come out and basically vetted that phone call. He has never spoken publicly about it. But you had someone else saying well. Kevin mccarthy told me that president trump said this it's hearsay right which sounds a lot like the evidence of you. Call it that that was used in..
The Stuttering John Podcast
"16th" Discussed on The Stuttering John Podcast
"Off off off off off. Off off off off off off. Suck suck suck suck suck..