40 Burst results for "Actions"
A highlight from Ep384: People Don't Go To Reels To Find Podcasts
"I would recommend that you have a podcast as the top of the funnel because it's going to grow your business. It's going to support you because you need people to know, like, and trust you, I'll say on that podcast. You need people to know, like, and trust you. Most hosts never achieve the results they hoped for. They're falling short on listenership and monetization, meaning their message isn't being heard and their show ends up costing them money. This podcast was created to help you grow your listenership and make money while you're at it. Get ready to take notes. Here's your host, Adam Adams. Hey, podcaster. It's your host, Adam Adams. And I was scrolling through a Facebook group, a Facebook group for podcasters. And why was I there? I'm looking for clients and I'm looking for guests. So here I am trying to see who it is, who's asking for help, who it is, who wants to be a guest. And I'm starting to maneuver through there. And this was just a few minutes ago. And once this ended up happening, I decided I needed to come to you and mention something that is thoughtful and that this gentleman, I'm trying to remember if his name is JJ, or if I'm mixing them up with, I read, I was on that scrolling through for a long time. Let's just pretend it was JJ. So that gentleman, he goes, I don't understand what's happening. I've been doing reels for, I don't remember the amount of time. Let's pretend, let's insert the word months. I don't know. But he goes, I've been doing reels for a long time and they're getting between 1000 and 3000 views, but I don't understand. Again, I'm getting one to 3000 views on my reels, but I don't understand why am I getting so few podcast listeners? And I think I was kind of feeling like an asshole or something. I think I was feeling like a jerk. Like I wanted to prove a point or something and I was frustrated and it gave me some weird thing in my heart where I wanted to freaking scream at this guy. And I kind of did. And I basically said, it's because people don't go to reels to find podcasts. People don't go to YouTube to find podcasts. People don't go to Facebook to find podcasts. And what I said to, we'll call him JJ, I can't remember if it was JJ or somebody else. What I said to him was, well, the reason why is people don't go to reels to find podcasts. I said it very matter of fact. And I felt like a jerk when I did it. I said it. And then all of a sudden, like all of these podcast coaches are liking and thumbing up my response to this guy. And so I felt at least like, okay, that's good because the people that really know they agree that people don't go to reels to find a podcast. So maybe I wasn't as mean or unthoughtful as I thought, but I did, I did jump right into it and like, I'm rolling my eyes and be like, bro, what are you thinking? You got to put your money into bringing people to the podcast, not growing a reel. It doesn't necessarily translate. It doesn't transfer over each and every time. There have been so many times that I go to Instagram, for example, and there's this guy that I really admire. I really respect. His name is Andrew Kuberman and Andrew constantly puts out good reels. Okay. I follow him on Insta and sometimes I'll watch him on YouTube, but I am technically subscribed to his podcast. I don't know that I've ever listened to his podcast through the podcast playing platform. And that's because I don't go to Instagram to find a freaking podcast and I'm scrolling through and I'm getting reels and I'm liking his stuff. And then I follow him. It doesn't mean he gained a subscriber and same thing. I've had clients, probably two or three clients, two are women. I remember the conversations very, very distinctly. And they said, I don't understand my podcast. Let's just say 3000 downloads per month, but my Instagram is still only getting five to 10 likes per post. And they're like, something's going on. And I want to say same thing as I said to, we'll call him JJ. It's because people don't go to podcasts to find people to follow on social. Yes, they might a certain percentages of them might some of the people that see me on Insta or LinkedIn might find my podcast. But if we want to really grow a podcast, there's two things to do. So get ready to take notes. Here's your host, Adam Adams. Now get ready to take notes. There's two things that you could do. One of them is to guest on other people's podcasts. Why? Because a hundred percent of the listeners of that podcast, listen to podcasts. A hundred percent of the listeners of that podcast in your genre are interested in your genre. It's really easy if you're being on somebody else's podcast to have a call to action that says, check out my podcast. If you would like another free resource in this area, if you're doing life coaching, then you would say I coach coaches. And if you want to become a life coach, this is a good podcast and I've got a free one as well. Go over here. Or if you're liking what this is about entrepreneurship, I would recommend, this is what Adam says often. I would recommend that you have a podcast as the top of the funnel because it's going to grow your business. It's going to support you because you need people to know, like, and trust you. I'll say on that podcast, you need people to know, like, and trust you. Well, the podcast is how do they know you? So I'm hoping that you, the listener of that other person's show is who I'm talking to right now. I'm being interviewed. Remember in this scenario, I'm being interviewed. I say this all the time. I say, if that's what you're looking for, jump over to my podcast, it's called the podcast on podcasting. This is the value that we drop. I would like to see you there, especially if it can help you. And it's totally for free. Okay. That's a great place to do it. The next place it costs more money than just being interviewed on somebody else's podcast. Okay. And that is to do advertising. So you can do advertising on Spotify. You can do advertising on Buzzsprout. My team does advertising with private messages where we personally invite the person, each and every person that fits your perfect avatar. We reach out to them on Facebook, LinkedIn, and meetup .com. And as we start a conversation with them, we make it go to the place where we ask them if they've heard of your podcast and then we bring it to them. So what I'm saying here is you want to do a couple of things. Go guest on other people's podcasts because people listen to podcasts that want podcasts. Secondarily, make sure that you are doing some type of paid marketing, paid ads, getting in front of that person time and time again in other ways. And sorry, I was starting to get distracted by a phone call coming in. That'll be a lesson for me and you to just put our phones away because I could tell that it was somebody that was important. And I was like, I need to answer that. So getting back to where we were before I started stuttering more is I want you to be on other people's podcasts. It's one of the biggest, best ways that you can grow your audience. And secondarily, I want you to find ways of doing paid ads because that investment could pay you dividends. For an example, we had a client, his name's Alex. Alex came to us and he said, I've been going with this big package with you and I've got this other guy helping me. My podcast has been costing me a couple thousand dollars a month. Do you think I'm at a place where I could make money? And I was like, Alex, yeah, I'm looking at the numbers right now and you could make great money through your podcast. How much do you want to make? And he goes, it'd be great if I could pay most of those expenses. I said, how much? And he goes, it's a little over $3 ,000 a month. Do you think that's even possible? I said, yeah, sit down with me. So Alex and I just sat down and we talked about him making money through his podcast. We talked about how many listeners he has because he was doing a package with us that we were doing some marketing. And now that package costs a little bit more. But anyway, we were doing that for him and he had plenty of listeners. So I spoke with Alex and I let him know you're who to talk to and how to talk to them. So we did that. He went and talked to one person one time. He had literally one phone call and he got five grand a month and he had another phone call just a couple of days later. And he called me and he says, I'm making $10 ,000 a month through my podcast. Thank you so much. Because he went from a place of not knowing that he had that ability. He went from a place of thinking that this was an expense and it became more of an investment that paid him dividends. Think about that. A, I want you to go out and get on other people's shows. B, I want you to find a way to put out paid marketing. We would love to help you with that if it's within your budget. If not, reach out to me, give me a call and I'll share with you a few things that you could do without having to hire us. Awesome. I'll see you on the next episode. Oh, hey, because three of my clients came to me recently looking to find a way to have their podcast make the money instead of cost them money. We put together a resource for some of our clients and I want to give it to you as well. It's something that did actually seem to help because one of them is now making $2600 a month. Another one $4500 a month. And the third is making between $5 ,000 and $10 ,000 each month. And so it's been a resource that's been incredibly valuable to them. It's our sponsor sheet template. It's a template of a sponsor sheet and it gives you something that you can hand to potential sponsors. And hopefully also be making $2600, $4500 or between $5K and $10K regularly each month with your podcast. So this has been a contributing factor to helping all 3 of those clients turn their podcast into an additional income stream for them. And the way that you can find it is just going to our website, growyourshow .com. But put in forward slash templates, growyourshow .com forward slash templates. And then you can actually download that template and others that could be valuable to your podcasting experience. I'll see you on the next episode.
Fresh update on "actions" discussed on WTOP 24 Hour News
"Passengers in its port on any given day and in Bar Harbor Maine citizens have voted to limit the number of cruise passengers to just 1 ,000 per day. more For information visit PeterGreenberg .com. I'm Peter Greenberg and this is today's Ion Travel Minute. As the leaves change leave the hiring to indeed their all -in -one hiring platform helps you attract interview and hire candidates all from one place and Indeed's interview tool lets you schedule and conduct virtual interviews right from their website visit indeed .com slash credits. Just ahead on WTOP remembering the life and political career of United States Senator Dianne Feinstein. It's 1244. Snap into action this NFL season with
A highlight from Elon Musk's ESG Con (Feat. Eric Roesch)
"Welcome back everyone, I am Cas Pianci. I'm joined as usual by my partner in crime, Mr. Bennett Tomlin. How are you today? I'm doing pretty well. How are you Cas? I'm doing good. It's early morning here, but today we're joined by a really special guest, somebody who's going to be chatting us through some really fun kind of concepts of fraud, individuals involved that I'm surprised we haven't discussed before. Eric Roche. How are you today, sir? I'm all right. How are you guys? Hanging in there. As you said, when we first jumped on, there's a lot of fraud in the world and it is hard to find the time to constantly look into it, which is your job. I reached out to you because I've been reading some of your Elon Musk work, which has been incredibly informative. I'm honestly shocked that Bennett and I have never discussed, I guess we've never discussed in an episode, Elon Musk and our issues with him. I mean, I've made a bunch of videos and stuff about it. Yes. On your personal channel you have. You and I, who I think we almost equally don't like this guy, have somehow avoided this topic. But Eric, your work on SpaceX and some of the permitting, the issues around the chemicals and the sheer like, I don't give a shit about these regulations, been on the front lines of this. Can you talk about why you're so into this, why you're so fascinated by it? I actually want to start with a story from 1959. This is actually a piece I'm working on. We're going to go to the corporate headquarters of the Chisso Corporation in Myanmar, a province in Japan. In December of 1959, the CEO of the Chisso Corporation, which was a chemical company, had a big PR presentation. The company had just installed a new water purification system for their wastewater system, and he famously took a glass of water out of the bottom of this purification vessel and he drank it as a PR stunt. Just that moment in time is really interesting for me because it was preceded by multiple decades of the Chisso Corporation dumping organic methylmercury into the Bay of Myanmar. It's an organic liquid. It goes to the bottom. It bioaccumulates as it kind of goes up through the ecosystems. The bacteria will kind of incorporate the methylmercury. It stays in the cells and it'll go up to the muscles and then the fish. Cats started eating it and they started showing weird symptoms. Children started getting sick. The effects of this disease have gone on and it's still actually going on today. The reason that moment in time is so interesting is that people knew in advance that there were problems. It was very clear that this was the one kind of chemical dirty company in the area. And so it was easy for people to point at it. And what's really interesting about that PR event is that that was forced to be installed because finally government took action and this is in 1959, but they actually didn't stop discharging that chemical for about a decade afterwards. And what's fascinating about it is that treatment technique was basically to get out particulates didn't actually treat the methylmercury. The other reason I bring it up is that for the PR stunt and the fact that it was ineffective and then also the costs over this huge period of time were something that shareholders in the company would have wanted to know. That's something that we would have wanted to discuss. And so that's why my blog is kind of focused on these kind of ESG topics, which has become this really kind of crudely discussed topic. But really, it's about disclosure and how fraudulent things, fraudulent risks can kind of manifest in ways that people don't understand until after the fact. That's where I want to start off that discussion. That's an interesting story you told because I'm imagining this executive drinking this cup of water to prove it's clean. And I'm reminded of a more recent political event that kind of aped that same imagery. And I'm, of course, thinking of Barack Obama visiting Flint, Michigan, after they had completed the first wave of fixing some of the water issues. Yes. And they were holding this big press conference and he makes a big deal of getting this glass of water, he says is straight from the tap, and he drinks it up to prove it safe. Do you have any thoughts on that imagery, that parallel imagery between those two? Well, the reason I brought it up is is specifically because of that. Well, there's also an example where Halliburton executive and I believe Dick Cheney was at this event as well. They drank basically a diluted version of the fracking fluid out of out of champagne glasses and I will see it safe. And it's really fascinating because it's like, you know, look at like basically that was the first example of that. And we keep doing that. And Obama, I think he's kind of at the inflection point of why we are where we are. And he's a really great Segway into like Musk and how he's become kind of untouchable. How are you drinking the glass of water still? Right. Because even if even if it had a toxic amount, right, methyl mercury is dangerous because it accumulates slowly over time and then works its way up to the food chain. So you could drink glass that has a decent amount of methyl mercury in it. And like that water isn't going to do anything. You have to drink that same glass of water. You have to eat those shellfish or those oysters, you know, every day for years. And then it builds up, kind of manifests in this debilitating disease that the Obama example is exactly why I still bring that case up, because it's like, have we actually learned nothing? I actually have an even more recent example of exactly the same thing, which is crazy. But I don't know if you guys are familiar, there's a YouTuber named Kyle Hill who does science science YouTube stuff. And he was invited to Fukushima because, as you guys know, they're going to be releasing this this radioactive water that they've accumulated because they've if anyone is unfamiliar, they've had to kind of take seawater, pump it into this completely effed up clear reactor core and basically make sure that it doesn't explode again. And they're storing this water because they don't want to just pump it straight out into the ocean. Well, now they're going to be pumping it straight out into the ocean after they've tried to kind of dilute it down and ensure that it's not super full of radiation. But they're getting pushback from places like China and South Korea who are saying, hey, we're not going to eat your fish anymore. We're not going to eat your food anymore. Like this is unacceptable what you're doing. To be fair, I don't think this is on par with any of the things we've discussed so far. I'm bringing it up because Kyle Hill went to a Fukushima tour and they did exactly what you're talking about. They pulled out bottles of water and said, here, everyone, look at this radioactive water. It's not even radioactive. You guys are fine. Nothing's happening. You're you're not getting hit. Your Geiger counters aren't going crazy. Well, it turns out that they're using plastic bottles. So this is, I think, theta radiation. It doesn't go through thick plastic bottle anyway. Like nobody is drinking it. Nobody is doing like any of the proof isn't actually proof. This is actually part of what we're talking about in that this is just PR shit, whether it's Obama doing it, the Fukushima plant doing it, or in the 50s, Chisso Chisso. That's the other thing. All right. So the Fukushima water rights, you look at the data they've presented. I actually think it's probably not a problem because it's above background. That brings up the question, why do we distrust it? Right. And the Chisso Corporation is a perfect example. Well, you know, the government's lied about this before. It's the same thing that leaves a lot of vaccine skepticism we see about these things don't just come from nowhere. Right. So you see, you know, these these kinds of paranoia.
Fresh "Actions" from WTOP 24 Hour News
"The league in yards per games and things like that. For more on the matchup plus other local action weekend this including Kippy and Buffy's tailgate. It's a red blend. Check out Presto's picks on the sports page at wtop .com Dave Preston WTOP sports. Alright Dave thanks so much. Just ahead on WTOP we'll tell you more about a metro train that's derailed near Reagan National Airport also coming up after traffic and weather. Congress pays tribute late to the Senator Dianne Feinstein and lawmakers try to avert a government shutdown. I'm Mitchell Miller today on the hill. 1226 isn't taught in our elementary classrooms and parents lack the resources to teach it at home. But now the kids can learn about finance thanks to Be Sensible Smart and BCS -Kids .com. The Sensibles are team a of animated superheroes who help kids age 6 through 12 develop smart money habits in a fun way. Buy a subscription for your loved ones and each month they'll get a kid in the mail with an entertaining DVD comic book and activities 20 get % off using promo code CENT when you visit BCS -Kids .com. Hi, Jonathan it's Cotten and people often ask me what is the Good Feet
A highlight from Taking consistent action for growth
"In this short episode I speak to Raul Karun Sharma about taking consistent action and the importance of knowing the purpose behind the actions we take in order to achieve our goals and to bring about positive change in ourselves and others. We discuss the importance of leaders adapting the leadership styles to their team members' individual needs and the concept of situational leadership. Raul shares his acronym BOLD and presents the business case for consistent action for growth. I create clear thinking and decisive leaders who can amplify their influence. Contact me to find out how I can help you or your organisation. And today our guest is Raul Karun Sharma. How are you doing? I'm doing very good Judith. How are you? I'm really good and you? Doing awesome. Awesome. What makes you awesome? It's the excitement to be in discussion with you. I had an amazing day so far and I'm looking forward for a conversation that will help our listeners. Brilliant. And do you want to share what's made your day so awesome? my It was daily rituals. I was able to commit to a few things which I was able to achieve. That really made me happy. I really recently started some lifestyle change in my daily routine, Judith, and I'm excited. It's been one week and I was successfully able to make it happen. Hey, that's really good. Staying to your commitments and getting things done like that is not always easy. Well done on that. Tell us a bit more about you. Sure. So I'm currently working as the head of learning and development for a global international company in headquarters in Morristown, New Jersey. Right now, I am focusing on establishing my public speaking business and I'm also a writer. I provide leadership training to all the employees of my organization worldwide. And I am focusing on right now at the moment, as you and me are talking, on my business of coaching. So I have been into this leadership training for over two decades and I'm very excited to share my learning, share my experience with the folks who are not part of my organization. So I can help them in meeting their goals, meeting their dreams and help them realize their dreams come true. Brilliant. That in itself is something very worthy. So that's a great segue into what we're going to discuss today. I know you do a lot of work with the mind and how we think things through. And one of the things that you focus on is how we can all take consistent action. Can you tell me more about that? Sure. So in my experience, I have seen that one of the prime reasons why we are not able to achieve what we want is we do not take consistent action. Action is something that will take us closer to our dreams, our reality. And one of the very critical reasons why we fail in taking consistent action is because we are not very clear about our why. Why we need to take that action. And I have realized in my personal life that once you know why you want to do it, you automatically your conscious mind helps you in taking that action. So number one thing in order for us to take consistent action is know our why. Why behind of taking that particular action. Okay, so when you say know our why, I'm assuming you're not meaning in terms of like Simon Sinek's why. Are you talking about the purpose of the action that you want to take? Is that what you mean when you're saying know your why? That is correct. That is correct. The purpose of taking action, as well as how that will change us, change the people around us, and how it will make us more meaningful, more joyful, and more happier. Okay, so once you know your why, then what happened? So once we know why that really creates momentum within us to take that action, and why it creates a momentum, because it gives us clarity on how things will happen once we take that action. For example, most of us, we want to take action to manage our lifestyle. Now, if we just want to manage our lifestyle, just because it is it is anything or it is something that has been done by many, that will not allow us to take action. However, if we want to change our lifestyle, and if we know our why, that why would could be, it will make me healthier, it may help me do more productive, it will help me do more more things, it will help me have a healthier lifestyle. That's what makes things happen for us. If we just do it for the sake of doing, then we will not be able to take that consistent action. So why is what is the purpose, what will happen once I take that action, and how my life life around me will change for better when we take that action.
Fresh "Actions" from WTOP 24 Hour News
"Morning. I'm Kyle Cooper. Mike Jokaitis is our producer. The top stories were following for you P. today two on big W. T. developing O. stories on Capitol Hill this morning. The house is trying to move forward on a bill that seeks to avert a government shutdown. But first Congress is remembering California United States Senator Dianne Feinstein who has died at the age of 90 W. T. O. P. S. Mitchell Miller today on the hill. Senate Majority Leader Chuck Schumer says Senator Feinstein's legacy will be felt long after her death. Senator Dianne Dianne Feinstein was one of the most amazing people who ever graced the Senate whoever graced the country. Feinstein was elected to the Senate in 1992 after serving as the mayor of San Francisco. She served in the longer Senate than any other woman in history. The Senate's top Republican Mitch McConnell has praise for the Democratic lawmaker. Dianne was a trailblazer and her beloved home state of California and our entire nation are better for her dogged advocacy and diligent service. While Feinstein's had health deteriorated she still managed to cast a vote yesterday on the Senate's short -term spending bill that seeks to avert a government shutdown. House Speaker Kevin McCarthy today plans to bring up a GOP stopgap measure. The Republican bill may not pass since it's opposed by GOP hardliners and right now there's little hope of avoiding a government shutdown tomorrow night. Capitol Hill, Mitchell Miller, WTOP News. Well now to the effects of what a shutdown could mean for lots of folks. Of course buying a home is stressful enough and a government shutdown could create some additional headaches. government -backed For FHA and VA loans the issue there could be. The lag time so I would say how long things could take. And Frankie DeFrancesco senior vice president of mortgage lending for Origin Point in Chevy Chase the other issue some may encounter. Federal employees who might be in the middle of a mortgage application who may be furloughed during that time and not get paid that could cause a big slowdown. Our advice is to plan with a lender now if you think you might be furloughed and you'll probably realize they in the cellar. They are understanding. I mean you can't control what's beyond your control. Mike Murillo WTOP news. Well since there seems to be little chance of averting that shutdown federal news networks Jason Miller tells us federal agencies have spent the week preparing for possible furloughs and those contingency plans have been updated all during this week over the last couple weeks and last time I looked I think 35 agencies updated their contingency plans as of September 1st meaning starting from September 1st through today and that's where you'll know how many of those employees are going to be furloughed how many will have to work without pay. Miller tells us that most federal workers so far have not received those furlough notices. CBS news special report the auto workers strike expands foreign GM have refused to make meaningful progress the at table that's why at noon Eastern Time today we will expand our strike to these two companies. United Auto Workers president Sean Fain says Stellantis is spared from these additional job actions because of progress at the bargaining table today's action affecting 7 ,000 workers at a Ford plant in Chicago and GM a assembly factory near Lansing Michigan the two plants make some smaller SUVs. We're still talking with three all companies and I'm still very hopeful that we can reach a deal that reflects the incredible sacrifices contributions and our members have made over the last decade but I also know that what we went at the bargaining table depends on the power we built on the job it's time to use that power. The automakers last known wage offers were around 20 % over a four -year deal CBS News special report I'm Steve Kafen. 1135 Baltimore Oriole fans have several things to celebrate today. The Orioles win the AL for the first time since 2014. Fireworks all over the place. Orioles celebrating right in front of second base. That was the call on WBAL radio between Fans innings had cheered the message on the scoreboard. It said the O's were staying at Camden Yards for another 30 years after the lease agreement was reached between the team the state the Maryland idiom authority and Governor Wes Moore. He'll have more details in the news conference later New York football Fans are hoping for a pop star sighting this weekend. Demand for demand for tickets to Sunday's Jets Chiefs game at MetLife Stadium is soaring after Taylor Swift made a surprise appearance in Travis Kelsey's box last Sunday apparently Confirming a budding romance between the two you stadium and StubHub say the Jets have sold more than double of tickets in a single day than in any other this season. The New York Post says average prices have jumped more than % 46 to $627 but
A highlight from SBF TRIAL: Inside Sam Bankman-Fried's Trial Defense Episode 4
"But the at end, they're going to be like, hey, count one. What do you say? Guilty, not guilty. Count two, guilty, not guilty. And I don't know, push comes to shove. I don't know what those elements that are going to stand out at trial that sway jurors are going to be, but to Mark Litt's point, you might only need one person to say, I'm not convinced. And the advice of counsel stuff is tricky because according to the filings going back and forth, there are big differences between if you tell a lawyer, go and handle this for me, and the lawyer commits a crime, versus if the lawyer was just in the room when you discussed committing a crime and you took their silence as implicit endorsement of the legality of your actions, that does not hold up in court. There are specific precedents that say you can't get away with that. So again, those three deputies that may have been in the room with Sam and his lawyers from the firm Fenwick and what is it, Fenwick and West, or Ryan Miller who has a past at Sullivan and Cromwell, or Dan Friedberg, who was the top lawyer at FTX for a long time, testimony from all of these people and the exact phrasing and intentionality of what was in the room could end up being important. I mean, I think all of that will end up being important for sure, one way or the other, depending on how much is allowed to be discussed at trial. If Judge Kaplan says, yeah, I'll let you try it, then yeah, maybe some of it starts to appear. But I do think that was interesting because to your question on how much has changed since we started digging into Sam's defense, given what he's provided to us directly, there wasn't a lot of mention about Fenwick and West. There was way more about Sullivan and Cromwell and this idea of, hey, you promised me a lot of things before I turned this company over to John Ray, your chosen hand -picked successor to me. And then he turned around and chose Solcrom, that's now on pace to make almost a billion dollars through all this. And that as a defense kind of, again, you can start to see the pieces come together. As Marklet told us, on the other side, the government wants to include the bankruptcy facts, the facts at FTX eventually because of all of these things wound up in bankruptcy with a huge hole, is because of all the things that came before it and it completes their story. I think it's kind of interesting that we didn't see, I mean, he mentions Fenwick and West in here, but what he filed in his idea of advice of counsel leans way more in that direction than anything against John J. Ray and Sullivan and Cromwell. So I think that that's kind of, if you think about my discussion with him as a snapshot in time of his defense at that moment before he's in jail to where kind of the advice of counsel argument is moving now, I don't know if that like completes his story to kind of use the parallel grading metric. And if you're a juror, I don't know if the big bad boogeyman of my quote unquote lawyers told me I was fine. I don't know. But I don't think it's as neatly presented that way. So will it hold up? I don't know. But those are essentially the two pillars. And then the third one's not even really a defense in the courtroom at all, which is, hey, CZ wasn't exactly helping me out here when he triggered a bank run on FTX. And that also should be talked about, which I think actually probably should be talked about, which is why we talked about it in this series. But looking ahead, Abrams, when you think about what is to come and how these are going to go, as we discussed, 150 years for Bernie Madoff. For Sam, he's facing seven counts. And how the jury rules on it could determine some things. Right. I've heard a theoretical maximum penalty of 115 years. That's what the Justice Department said back in December, I believe. And you think about good behavior, bad behavior, sentencing, and how all this is going to go past whatever convictions happen.
Fresh update on "actions" discussed on Stephanie Miller
"Yes, I can't wait till next year. We can all go visit the E. Jean Carroll Tower Fifth on Avenue here in New York City. Or Mary Trump Tower. I saw Letitia James Tower. Someone asked me to go visit the E. Jean Carroll Tower on Fifth Avenue. Got the best ad out of it already. Hang on. And you know who else is missing in action? Donald Trump is missing in action. He should be on this stage tonight. He owes it to you to defend his record, where they added $7 .8 trillion to the debt. That set the stage for the inflation that we have now. I'm Joe Biden, and I will see you next time. Wow..
A highlight from #465 Ethereum Futures ETF approved?! New All-Time High incoming??
"Welcome to the Crypto Show. Your podcast for everything around crypto, blockchain, bitcoin and more. Here is your host, international blockchain expert, serial entrepreneur and investor, Dr. Julian Hasp. Are we seeing an Ethereum future CTF coming out relatively soon? Hey and welcome to today's video. My name is Julian. On my channel it's all about making you crypto fit. I discuss the beautiful world of decentralization, blockchain, cryptocurrencies. And today we're going to discuss the second largest cryptocurrency, Ethereum. We're going to discuss a potential approval of an Ethereum futures ETF. Maybe even today on Friday, but maybe also only beginning of next week. Looks very promising. I'm going to give you some price targets. Some kind of things that I'm going to be looking for. And I'm going to give you a bit of what my course of action is going to be in all of that. So let's dive right in. First and foremost, because of the impending US shutdown, the SEC seems to speed run a lot of those applications. While the Bitcoin ETFs, and these are spot ETFs, all got delayed to January it looks like. And again, this doesn't mean that it's guaranteed to be approved in January, but at least the decision is going to happen ready in 2024. The Ethereum futures ETF seemed to be taking a different turn. First and foremost, there is a mixed futures ETF of Bitcoin and Ethereum with a 10 % Ethereum allocation, 90 % Bitcoin. That's going to be switched to 50 -50 next week. And that seems to have been approved already. And we can see this in the market. Suddenly, the futures all started to really jump up and generate quite a spread to spot. So someone is buying those futures and it's, I mean, sure, this can happen by anyone. But it's very likely that we're seeing these futures buying because the market or these players are getting ready to be listed. So it looks very promising. We don't have pure Ethereum futures ETFs yet. We have it for Bitcoin, but not for Ethereum. It's very likely that we're going to see an approval today on Friday or maybe beginning of next week. And this would be monumental for Ethereum. A lot of people are saying, oh, this is going to just crash the price of Ethereum. A couple of thoughts on this. First, if you look back on Bitcoin in 2021, a big part of the massive rally was actually those futures ETFs. Sure, afterwards it totally crashed. But this also has had a lot to do more with M2, in my opinion, getting completely compressed interest rates going up than anything else. So I'm not bearish on the Ethereum futures ETF. One has to be very careful, though, in what does the price do. The best scenario here would be that we are seeing maybe a rally up to 2000 or something, right, like a 10%, 20 % rally. I think that would be fantastic. But I think if we're going to see now suddenly a 50 % or 100 % rally, that would really scare me as well. And I would get very cautious on this. So I think the ideal scenario on this would be a strong bullish trend, but not like a 100 % pump or something. So I hope you understand where I'm coming from when I say, you know, I'm bullish on Ethereum, but I'm also not hoping that we're going to see 100 % kind of massive pump and then afterwards a dump. In general, such a futures ETF is definitely bullish because Ethereum doesn't have any institutional rails so far. And this would really be some rails. Now, suddenly everyone can invest in those ETFs, any pension fund could. So sure, they would all love to have a spot ETF, but futures ETF is kind of the second best here. And so you're going to see massive, massive drive. And you can see this also, the Ethereum price is outperforming Bitcoin at the moment. And this is something that I'm actually expecting going forward all the way until we may see a Bitcoin spot ETF. Until that point, I would be surprised if Ethereum rather underperforms simply because there's more speaking for Ethereum at the moment. We have the futures ETF, we have the dank sharding that's planned for November -ish. So it looks all very promising. And I sent out an email already. If you're not getting those emails, head over to ceonews .bake .io and really have a read on all those kind of strategies and ideas. At the moment, if you are not dollar -cost averaging into Ethereum, I mean, you can also dollar -cost average into Bitcoin. I'm also dollar -cost averaging into DeFi chain. If you're not doing this at the moment, you're either not believing that these futures ETFs are going to come out or you're in general bearish. But, I don't know, I am doing this and I think at the moment it makes just a lot, a lot of sense. By the way, on Bake, we do have a really cool dollar -cost averaging promotion right now where you even have the chance to win a Tesla. So if you want to check this out, head over to bake .io and have a look. Let me know your thoughts. What do you think? Do you think the Ethereum futures ETFs are going to get approved in the next two to three days? Do you think it's going to be bullish for the price? What is your course of action here? And again, I'm dollar -cost averaging. I'll stay long. I may take profits if the rally is too crazy, but like a 10 -20 % rally is not something that I'm going to take profit on. But if this suddenly becomes a 100 % rally, and look, this is possible, right? 100 % rally, suddenly we're shooting up to, I don't know, $3 ,000, $4 ,000 on Ethereum. It's easily possible because suddenly you have this institutional money coming in, then I would take profits, but not if it's like a 10 -20%. That's it. If you love these videos, let me know in the comments, share the video with other people, and I hope to see you soon with some more nice insights into the markets. Stay safe, stay healthy, subscribe to the channel, and I'll see you next time. Thank you so much. It was truly trillion. Bye -bye. Unfortunately, we are already at the end of today's episode. If you find The Crypto Show helpful and would like to continue being a part of it, don't forget to subscribe so you are notified when we have the next episode out. If you want to do me a huge favor, please leave a review. It literally only takes a few seconds, but it helps the podcast platforms to rank this show. Hear you next time. Julian.
Fresh update on "actions" discussed on Bloomberg Surveillance
"Come from deep insights put the power of Oppenheimer thinking into your investing call an Oppenheimer action. My simple solution to the problem was remove people from the scene and help them feel safer. In response to attacks against Asian Americans Maddie Park raised over $250 ,000 to donate camp rides to the Asian community. There is much so more work to be done. We really need to come together and tackle this issue as a community. Support the Asian community. Learn how at LoveHasNoLabels .com. Brought to you by Love Has No No labels and the Ad Council. Live from the Interactive Brokers studio Casting Coast to Coast Bloomberg 1130 New York Bloomberg 99 .1 Washington Bloomberg 1061 Boston Bloomberg 960 San Francisco Sirius XM119 The Bloomberg News app and Bloomberg .com This is Bloomberg Surveillance. And there you have it. The opening bell from the New York Stock Exchange on this rainy day in New York City. Rainy Friday. A drop in treasury yields in the driver's seat for stocks. After the Federal preferred measure of inflation increased at a slower than expected pace. Lower yields good for risk assets. The NASDAQ showing the biggest gains right out of the gate. The NASDAQ 100 right now is up 153 points. That's up over 1 % in the early going. S &P 500 32 points
A highlight from A Dame Trade Deep Dive With Ben Thompson, Plus Seth Meyers and Million-Dollar Picks
"Coming up, Dame gets traded. Million dollar pick Seth Meyers, it's all next. It's the Bill Simmons Podcast presented by FanDuel. Get in on the football action right from the opening kickoff with America's number one sports book. The app is safe, secure, easy to use. FanDuel always has exclusive offers. When you win, you'll get paid instantly. FanDuel has lots of ways to play, like the spread, money line, over -unders, team totals, player props, so much more. Jump into the action at any time during the game with live betting. Combine multiple bets from the same game in a same game parlay. Download the FanDuel sports book app today. Make every moment more of this football season. The Ringer is committed to responsible gaming. Please visit TheRinger .com slash RG to learn more about the resources and help lines available and listen to the end of this episode for additional details. You must be 21 plus and present in select states. Gambling problem, call 1 -800 -GAMBLER or visit TheRinger .com slash RG. This episode is brought to you by Uber Eats. I just use this. Here's something every football fan should know. You can get everything you need for game day delivered with Uber Eats. Well, almost, almost anything because you can't get the dream flex for your fantasy team delivered with Uber Eats. But Tex -Mex, yeah, great pass protection, can't get it. Great pizza selection, oh yeah. While they can't help on the field, you can get pretty much everything else you need to watch the game delivered with Uber Eats. So this season, get anything, almost, almost anything for game day by ordering on the Uber Eats app. Uber Eats, official on -demand delivery partner of the NFL. Order now. I'll call in select markets and 21 plus to order. Product availability may vary by region. See app for details. We're also brought to you by The Ringer Podcast Network where I put up a new rewatchables on Monday night. We did the big chill. It was very, very exciting. I have Kyle Brandt coming on Monday's podcast. I'm just gonna tell you the movie now because it is gonna be the best moment of your weekend if you spent two hours watching this classic. We're doing Toy Soldiers. It really brings everything possible to the table. So if you wanna watch it ahead of time, there it is. That podcast is going up Monday night. If you wanna hear stuff about the debate, we have Tara Paul and Mary's podcast, Somebody's Gotta Win. That reacted to it as well as the press box with Brian Curtis and David Shoemaker. So there you go. Our debate coverage has been on point. Also, higher learning. Van and Rachel had Larry Elder on this weekend. It made a lot of noise, man. That podcast is great. I hope you check that out as well. Hope you're checking out theringer .com. And on this podcast, gonna talk about the dame trade at the top. We're gonna bring in Ben Thompson from the Techery newsletter, which he's been on this podcast I think four weeks ago. And he's a huge Bucks fan. He's gonna give the Bucks fan side of things. We're gonna do million dollar picks. And then old friend Seth Meyers talking about a whole bunch of stuff. So really good podcast. It's all next. First, our friends from Pro Jam. What's up? All right, I'm taping this on Thursday afternoon. Normally when there's a big MBA trade, I always do the emergency trade reaction right after the podcast. But we just put up a podcast on Tuesday. So I decided to play it a little differently this time. I wanted a little distance, I wanted to listen to stuff, read stuff, and try to form some big picture opinions coming out of this. So I have four smaller ones, then one big one. First one, I thought Portland did an incredible job with this trade. I really liked this trade, especially everyone was trying to bully them in June and July about, oh, you got to take Miami's offer. You just got to. It's where he wants to go. It's the only offer you're going to get. And guess what? They waited. They played it perfectly. They stared Miami down, and they got a much better deal. First of all, they get the Drew Holiday piece that they can flip into a bunch out of their stuff, which we'll talk about in one second. I love the DeAndre Ayton gamble. As you know, on this podcast, I am a big DeAndre Ayton guy. Not in the sense of I'm the biggest fan of his in the world, but I'm a fan of the asset. I just think I love the valued assets, no matter what it is. Whatever market we're talking about, DeAndre Ayton, 18 and 10 for his career, 60 % field goals percentage, 25 years old. He's played in 45 playoff games. He played four rounds in the 2021 finals. Last year, he got his ass kicked by Jokic. Oh, sorry. Like, that never happens. And Phoenix just sold on him, which I can't wait to talk about. But just from a Portland standpoint, they not only get Ayton in whatever they get for holiday, they get the 29 first, they get the two swaps, and they dump Nurkic. Nurkic hasn't had a healthy start to finish all the way through the playoffs here since 2018, which I'm positive was a long time ago. He's basically 12 and 8. He's, you know, a 50 % shooter. I made a list of the top 30 centers. I encourage you to do this at home, because what's more fun than making lists of NBA centers? I can't imagine anything. I made a list of who I thought were the best assets of the center position for talent, contract, everything. He was 29th on my list. The only person I had ahead of him who's technically a starter, unless you start talking about the Detroit or Charlotte guys, was Zubats on the Clippers. I thought he was the 29th best center asset in the league. And Phoenix, you know, just quickly to go to them, they're trying to win this year. They got worse. They turned Ayton's money into Nurkic and Grayson Allen and Nasir Little. Grayson Allen, we already know with him, he can't play in playoff series. We saw him 22. We saw it last year. I heard and read in some places like that, I got two rotation players. Did they? Is Nurkic a playoff rotation player? Is Grayson Allen a playoff rotation player? Because I'm positive he's not. So for the same money that they were spending on Ayton, they got three guys that I don't think are going to help them. In 25, the money comes down a little bit to 23 million just for Nurkic and Little, which is 7 million less than Ayton. And then in 26, that money goes up to 25 .5. But I don't understand what Phoenix was doing. Why not wait to see if Ayton clicks with Vogel? Vogel has such a good history with centers. He rejuvenated Dwight Howard on the 2020 Lakers. He basically created Roy Hibbert's career in 2013 with the defense verticality thing. I thought he was going to do a good job with Ayton. I'm stunned that they gave up on him. I'm almost waiting for one of those, now they tell us stories when, you know, that's where Brian Curtis calls them, where like a week after something happens, there's this kind of notebook dump where it's like, here's seven terrible DeAndre Ayton stories. So maybe that'll happen. But for Phoenix just to be like, cool, we locked this down, man. We got Nurkic. You're trying to win the title. You have KD and Booker and Beal. And like, what are you guys doing? Anyway, from Portland's standpoint, I love the Ayton thing. I love that they didn't get bullied. And I know they're going to turn Drew Holliday into something. So this to me was at least an A minus for them, for where they were two months ago, where Dave's like, I want to go to Miami. That's it. And if you don't trade me there, that's kind of fucked up. And they made this work as it got reported that, uh, I think in the athletic, that he expanded his list to Brooklyn and to Milwaukee in the last two weeks. And that's what Portland was waiting on. You know, they were banking on the fact that he's a competitive dude. He's one of the best 75 pairs ever. He wanted a situation settled. So, you know, you wait, you wait, you wait, they expand the list and then you go. Uh, there's a Drew Holliday piece to this. That's awesome. He becomes a contender prize. I wouldn't call this a Drew Holliday sweepstakes. I reserved sweepstakes for the superstars, but it's a mini sweepstakes. This is somebody that could have a huge impact on the playoff race. You know, not only the usual suspects, everybody's talking about Boston, ironically, Miami is a really good fit for him. And in some ways, um, I'm a little more scared of them with Miami than Dame in some ways, especially at a much cheaper contract with giving up less and keeping some of their assets. Philly, if they could pull it off, they have to be in there in Golden State, Minnesota. I think I have to mention Sacramento, I think is a team that if they could figure out how to get Drew without giving up their core, which is basically Keegan Murray and Sabonis and Fox, like that's, you know, could Davion Mitchell be in that trade with some, with a salary and some picks, who knows. The team that I love for Drew Holliday is OKC. I have OKC, you know, I started doing my MBA research for the over -under spot and I haven't landed on a number for them yet, but to me, they feel like a high forties team with Chet and with the growth of their young guys. And if you just like, let's say they traded Lou Dort and a bunch of their picks, maybe two firsts and two of their lesser picks or three firsts and a second, whatever it is. And they just say, fuck it. And they get Drew and you put him with Giddy and SGA and Jalen fucking awesome Williams and Chet Holmgren and all these other dudes they have, that might be a top three team in the West. I mean, that, that's starting to give me some early 2010s OKC vibes. So where he goes is going to be important. I just feel like there was so much Drew Holliday slander the last couple of days. You know, he's one of my favorite players. Even Haralabob, who was the chairman of the board of the Drew Holliday fan club for years and would have the benefit dinners there and, you know, just did a lot of yeoman's work on that front. And even he was like, yeah, yeah, Dame's better than Drew. That trade makes sense for Milwaukee. I was hurt, Haralabob. I was 100 % hurt by that. But you know, Drew got his ass kicked by Jimmy Butler in the playoffs last year. I get it. It happens. Jimmy was unbelievable. I feel like he would have kicked anybody's ass. By the way, why is Drew Holliday guarding Jimmy Butler? That speaks more to some of the issues with Milwaukee. He was never supposed to be a point guard and a creator. I think he was always better as an off -the -ball guy. We saw that with Rondo and New Orleans and just in general. I want to see him with a point guard. I want to see him just being unleashed, not having the ball a lot, just worrying about hitting threes, being an occasional, you know, make -shit -happen guy and being like the third or fourth best guy on a team without having the offensive responsibility to have. All their half court issues got blamed on him for the last couple of years. And I get it. They weren't like an awesome half -court team, even the other one in the finals, but I really value that dude. I had him, even I did the trade value list in August and I had him 37th and I had Dame 23rd. I think he's one of the best 30 players in the league still. He's 33 years old, which, you know, I'm going to talk in a second about when guards hit their mid -30s, but just in general, I think he's a real asset. If he goes to a team like the Celtics and they can keep Derek White and Tatum and Brown in the center, it's like, look out, man. So little mini sweepstakes, rarely do we get the trade, but then we still get another asset to talk about. Thank you for everyone involved in the trade. And then the fourth small point is just that, you know, not rocket science, Milwaukee bought some Giannis time here. They have one of the best 20 players of all time. They were staring down the barrel of a situation that was not good. I was talking about it on this podcast in late June and early July. I thought he was going to put them on the clock. I thought Mark Lasry selling his stake was a really bad sign for all of this because that dude is smart. As I laid out in June, that guy is really smart. And if he's feeling like, you know what, it's time for me to sell my buck stock, that makes me nervous. And then all the stuff that Giannis said and did, which I thought he did really fairly and really smartly. And I think that dude's about titles and that's it. And I know we say that about players, but I think in his case, I don't think he cares about, you know, what's my legacy, how do I compare against Dirk DeWhisky, any of that stuff. I just think he wants more rings. I mean, think about the guys who have won two rings out of the best 35 guys on my list of my pyramid. Those are all guys in my top 35 that won multiple wings. You go to the one -ring side, Jerry West, Oscar, Moses, Dirk, Jokic, Giannis, Pettit, Garnett, Kawhi, Rick Barry. That's the list he's on now. I certainly don't think he's looking at that list going, I got to get away from these guys, but it's a slightly different list. I think when you win multiple rings in multiple situations, it elevates you in a certain way. I think he fundamentally understands that at least a little bit. I want to be the best player since LeBron James. I think that's a thing that he wants. How am I going to do that? I need more rings. I need more finals trips. He knew from last year and maybe even the Boston series that they just weren't good enough. Whether this trade is going to be the thing that propels them, we'll find out, but he's been in the league 10 years, two MVPs, five first teams, two second teams, and now we have this little two -year window. Kawhi and the Raptors was a one -year window. This is a two -year window, I feel like. With Giannis, he's got two years left in his deals. So does Lopez. Middleton has two in a player option. Dame's got two, and then this crazy $120 million player option extension thingy that he has that just keeps going and going. It's probably two years. There's a world where this could go terribly this season, at least for what the expectations are, and then maybe it becomes Kawhi, Raptors. Maybe Giannis is like, you know what? That didn't work. Trade me. And the Bucks, who have no picks left and no future, they look at it next summer, and they go, all right. We tried it. Giannis, what can we get for you? Dame, what can we get? And they just do a reboot, rehaul. Remember, they won in 2021, which just takes so much pressure out of this. It's so much different than the Clippers situation, where they went all in on Kawhi and Paul George. They give up all those picks and SGA, and they've gotten nothing out of it. They haven't even made the finals. So it's got to happen. I think they at least probably have to make the finals. If they get bounced in round two, do I think Giannis is going to stay because they made this Dame -Mower trade? Probably not. So that leads to the big question, is how good of a trade was this? So there's a big picture angle on Dame, and it's going to sound negative, but I really don't want it to sound negative because I think Dame, I voted for him for NBA Top 75. I think he's been one of the best guards in the last 15 years. I think there's a ton of great things you can say, and there's a chance that he goes to Milwaukee, and this thing is fucking awesome. I know any Celtic fan I've talked to, including Isaiah, who's helping produce this podcast today, the Giannis -Dame pick and roll is just terrifying. Other than Jokic and Murray, it's going to be the single most unstoppable offensive play in the league. It is. We are conceding that point. The spot Dame is in right now, big picture -wise, it's weird. He's a superstar, but he's not, and we've seen guys like this before. I judge superstars by, do you have the resume statistically, and is your team succeeding consistently at a certain level? You can't totally say that about Dame. He's never been on a 55 -win team. He's missed the playoffs completely four times in 11 years. He said three first -round exits. He made the Final Four once in 2019, which was really lucky because Golden State and Houston were the two best teams, and then they got smoked. He's never been on a true contender ever. Instinctively, you go, well, that's not his fault. Who's he played with? Well, he played with LaMarcus Aldridge and CJ McCollum and a couple other guys, but not really anybody. The reason I'm putting this up is there's a success element that he has not had yet that for somebody with his resume is actually kind of unusual. I went and I looked up how many guards in the history of the league averaged 22 points a game for their career and played at least 700 games. I thought the list would be like 20. I didn't know. I didn't know what I was walking into. Only I think 75 guys have averaged 22 a game. So I went and I looked up the list, and it was 10 guys, 700 games, 22 a game for their career. There were some guys who came close like David Thompson, who I think is one of the best guards I've seen in the last 45 years, but had a short career and had some drug issues. He didn't make it. He didn't play enough games. Pete Maravich, 24 .2 points a game, but he didn't play enough games. Kyrie hasn't played enough games yet. Bradley Beale is five games away. I'm actually kind of glad the cutoff's at 700 so we don't have to talk about him. And then Mitchell and Trey Young aren't there yet. There's only 10 guys that made it, and the 10 guys are all fucking awesome. And again, I mentioned this in the context of Dame, who we think he is versus the success he's had. So the 10 guys, Michael Jordan, 30 .1, Jerry West, 27 .1, Allen Averson, 26 .7, George Gervin, 26 .2, Oscar Robertson, 25 .7, Kobe, 25 .0, Harden, 24 .7, Curry, 24 .6, Wade, 22, barely made it, and Russ, 22 .4, and then Dame is at 25 again. All right, what does he not have that those other guys have? Well, MJ, don't need to talk about him. Don't need to talk about Jerry West, who's the freaking logo. Allen Averson, pretty good comparison, right? Big stats, really memorable player, but not a ton of success. Here's the difference. Averson made the finals once. He won an MVP. Dame has done neither of those things. George Gervin was the best scoring guard of the 70s. He made two final fours. He had some bad luck. He really, in 79, really should have came close. And some of it's on him, right? He could have come through. Bobby Dandridge is the one that ended up coming through for the Bullets. They lose. But two final fours, he had four top five MVP finishes, five first teams, four second teams. He was just unassailably the best guard in the league until MJ. Oscar Robertson, don't need to go through him, but he won a ring and an MVP. Kobe, five rings and an MVP. Eleven first teams for Kobe, by the way. James Harden, three final fours, an MVP, six top five MVP finishes, six first team MBAs. And even though Harden has never made the finals as the best guy, he made it with OKC as the sixth man, you could build a contender around Harden. We saw it. We haven't really seen it with Dame. I think that's a fair thing to bring up. Curry, four rings, two MVPs, you know, the Curry thing. Dwayne Wade, three rings, two top five MVPs, two first teams, three second teams. He's more in the Dame waters a little bit, but he had the 2006 finals and he was the second best guy with LeBron on those heat teams. And then Westbrook, who you would say, well, Dame had a better career than Westbrook. Did he? Westbrook made the finals in 2012. He was second best guy on that team. Almost made the finals in 2016. He won an MVP. He had two first teams and five second teams. It's at least like a real argument. And I think when you look at Dame, he only had that one 2019 round three, got bounced. He's only had one top five MVP finish. He's only had one first team MBA and four second team MBAs. Really, really good top 75 career. But the piece that's missing is, have you been on a really good team? Have you made a real run at it? Which is why, you know, I think this Milwaukee trade is so much fun. This is his real chance. I get nervous about a couple things with this trade. One is that, you know, if you look at the 33 and older guards who average 22 points a game in a season. Jordan did it twice. Curry did it twice. Still going. Kobe did it three times. Jerry West twice. Sam Jones once. Hal Greer once. That's the entire list. Now the NBA is different. We have more three -pointers now. It's easier to score. Scoring is the easiest it's ever been. Guys can play at a longer age. So I'm not ruling out Dane being good for the next three years. But just pointing out, history is saying, be a little nervous. In general with guards, like Chris Paul, we saw from age 35 to 36 to 37, like it just dropped. But that's two years older than Dane. Maybe it's fine. I just worry about guards. We have not a lot of instances with guards in their mid -30s of them either peaking as players or being able to sustain whatever success they had during their prime. It always starts to go down with really no exceptions, except for Steph Curry. He's the only non -exception. So if your case is Dane's as good as Steph Curry, or Dane can be as potent as Steph Curry on a winning team, like, you know, Steph Curry is better than Dane, but I'm not going to argue that he couldn't do a lot of the stuff that Curry did in Golden State. The bigger issue for me, the age I'm definitely worried about. Dane has not been healthy the last couple of years, and we have not seen him play nine straight months at playoff basketball with a big bullseye on his back. Everybody coming after you, you're the best team. We haven't seen him do that ever, much less than the last couple of seasons. So can he stay up? Can he stay healthy? That's one thing. The defense with Dane just got kind of swept under the rug the last couple days, and I don't really understand it because there's five categories of defensive player I feel like. There's excellent, there's good, there's average, there's not so good, and then there's bad. And I think Dane's a bad defender. I think the stats back it up. Like, his defensive rating last year was 245 out of the guards. He's the 245th guard for defensive rating. You know, 117 .4 individual defensive rating is 483 overall. Portland's team's always defensively, it was the Achilles heel for them. Partly because of Dane, because he couldn't guard anybody. He's too small. And, you know, think about what we saw from the playoffs the last couple years. I think about the 2020 bubble Celtics playoffs, not infrequently, because I think that team had a chance to potentially win a title. What happened? Everyone hunted Kemba Walker. It was hunting season. It's like, where is he? Got to get a switch. Got to get Kemba Walker guarding somebody who's bigger, or got to beat him off the dribble, and it just became a hunt session with him. And basically, he got played out of the league. He's not in the league anymore. You know, we had this with Isaiah Thomas, too, in the mid -2010s. I think it's been an issue with Kyrie Irving. The Celtics certainly went at him in the playoff series with Brooklyn a couple years ago. Curry, you saw, who I think is a better defender than people give him credit for, but the And he's a much better defender than Dame is. Jordan Poole is somebody that got hunted in playoff series recently. Chris Paul, obviously, is a big one. Jalen Brunson, remember what the Heat did to him? Mitchell, when he was on Utah, this was a huge issue. And then Trae Young, obviously. My fear with Dame is he's a DH, and I think in Portland, part of the reasons he was able to put up the stats he did was because he wasn't playing defense, right? It was just, how many points can I score? My team isn't very good, and I'm just going to do my thing. He's an incredible offensive player. But how much of a trade -off is the defense, right? Well, you think, all right, well, Milwaukee, they're really good defensively. They'll be able to protect him. Here's the team. Giannis, Dame, Lopez, Portis, Middleton, Conaton, Beauchamp, Crowder. Who's guarding Trae Young on this team? Who's guarding Jason Tatum? Here's a partial list of guys that I don't think this team will be able to guard this season. Devin Booker, Tatum, Butler, Trae Young, Kyrie, Curry. Who's going to be chasing Curry around the screens? Dame lowered? Good luck. SGA, Luca, Mitchell, Murray, Edwards, Brunson, Ja, Garland, Fox, Halburn. Are they going to be able to cover Derek White? I don't know. The way this team is constructed, they are not going to have the ability to guard other guards at all, which means they're just going to have to be in a shooting match with them, right? It's going to be not much different than what's going to happen with Phoenix, where they're just literally going to have to outscore the other team. I've just watched too much playoff basketball over the last couple years, where it's like, if you have that weak link on defense, and you're playing a team that's smart enough, they're going to go after that weak link. Like, think about them against the Lakers, right? The Lakers figure their crunch time. Let's say they make the finals. It's Milwaukee and the Lakers, and Lakers crunch time. They're going to have LeBron and Davis and Austin Reeves and, I don't know, a shooter and a point guard, whatever. All they're going to be doing is trying to find where Dame is on the court and going after him. What about when they play Boston? Boston puts out White and Brogdon and Tatum and Brown and a center, and all they're going to be doing is trying to make sure Dame is covering somebody who has the ball who's now torturing him. I think it's a real problem for them. And what's funny is they gave up Drew's defense and, you know, they, what they gave up on defense, which is significant, and they gained an offense, it might end up just being a wash and they might just be a different version of the same team where they still have a huge flaw. It's just on the other end of the court. I'm just shocked that nobody brought up the defense. I agree he's an amazing offensive player and what's cool about this trade and what I'm excited about as a basketball fan is, can he go up a level? Right? A lot of these stats he put up, especially the last couple years. They didn't mean anything. They were, he was on bad teams. Like, who cares? Ultimately, Bradley Beal scored 30 points a game on the Wizards. Who cares? I think most really good offensive players, if they're on a bad team, can get between 25 and 30 a night. Can you do it nine months in a row? Can you do it when you're getting hunted on defense all over the place? How much can Milwaukee protect him? And what does he have in the tank at age 33 with 900 plus games on the O 'Dominor already? I'm still afraid of the Bucks, but people have, like, FanDuel had them as best odds in basketball and I think most people feel like they're the favorite now. I don't feel like there's a favorite. I think you can go through every team. Boston, I could, I'm scared of Porzingis. What's going to happen with Jalen Brown out there? He has contracts. Can Peyton Pritchard, all these different things. Philly, God only knows. Miami, they're unquestionably worse. Yeah, Milwaukee is going to be really good, but depending where Holiday lands and how this all plays out, I just think it's still wide open. And the other piece, so if you're just talking Boston, Miami, Tatum kills Milwaukee. I have no idea why. Boston is kind of built to at least stay with Dame and, you know, Derek White is about as good of a person you're going to have to try to keep Dame in check, at least. And Boston's done a really good job of guarding Giannis over the years. They don't have Grant Williams this year, but I just don't think, I think there's as many ways this goes wrong as it goes right, I guess would be my final thought on this because for what they gave up, especially with that 29 unprotected and the two swaps and, you know, they are all in on this team. And you know my theory, when you go all in on a team, you better think you can win. Not positive, but it's an awesome trade. It really is. It makes the league so much more fun. Dame and Giannis together. I'm going to enjoy watching Portland. I still have my eating stock. Watching Phoenix fans slowly realize that Derkiszna isn't the answer is going to be fun and then we'll see where Drew Holliday goes. So really fun trade. We're going to talk about it a little bit more with Die Hard Bucks fan, Ben Thompson in one second. Let's take a break.
A highlight from Congressional Republicans Lash Out At Gensler
"And at the end of it all, after dealing with several more non -answers from Gensler, an exasperated ogles closed the hearing with the call to open up the floodgates, hit him with subpoenas, get the information we need. The obfuscation, the not answering questions, I'm sick and tired of it. Dude, you wear tap dancing shoes better than Fred Astaire and enough is enough. It's time that questions are answered and that we have the information that we need. Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Thursday, September 28th, and today we are talking about Gensler's combative hearing. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on The Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Well, friends, we had yesterday another hearing featuring SEC Chair Gary Gensler. This was a House Financial Services Committee oversight hearing. And what makes this one a little bit more interesting, even in the Senate hearing that we heard last week, is one, it had some interesting lead -in in the fact that a bipartisan group had just sent Gary Gensler a letter encouraging him, in the strongest possible language, to approve a Bitcoin spot ETF. And two, it had the setup for some very interesting fireworks heading in. And indeed, that is exactly what we got. Committee Chairman Patrick McHenry set the agenda from the beginning with his opening remarks. He addressed Gensler saying, Last time you were before the committee, I voiced my concerns regarding your reckless approach to rulemaking, lack of capital formation agenda, crusade against the digital asset ecosystem, and unresponsiveness to Congress. So many things changed, so many things remain the same. Those are the same issues on the docket today. McHenry went on to accuse Gensler of doing nothing over the past five months to remedy the legitimate and often bipartisan concern expressed by this committee, adding that this is disgraceful and that their patience was wearing thin. Now, the Republican critique of Gensler's rulemaking agenda is that a huge number of rules have been proposed during his term without an economic analysis being performed on their cumulative effect. Regarding the crypto crackdown, McHenry rebuffed Gensler's constant assertion that the law is clear. He stated, your actions have created more confusion and lasting damage. Indeed, he said that contrary to the SEC's role of consumer protection, that Gensler's actions had, quote, pushed legitimate digital asset activities outside of regulated financial institutions where consumers are best protected. Keep in mind, this is all in the opening statements. McHenry went on noting that the SEC's regulation by enforcement agenda has been ineffective and has been on a massive losing streak in the courts. Still, the main point, the main thrust of McHenry's opening, was that it was unacceptable that the SEC had not engaged with Congress. Wrapping it up, McHenry said, the SEC is not above the law, nor is it unique. I do not want to be the first chairman of this committee to issue a subpoena to the SEC, and you should not want to be the first SEC chair to receive a congressional subpoena. Either we find a path forward where the SEC recognizes Congress as a co -equal branch of government and is responsive to our oversight duties, or my option is to issue that subpoena. It's time for you to consider the lasting consequences of your actions and what that means to the SEC's reputation long -term. While your time in this role may be temporary, the repercussions for your actions may be permanent for the agency. It was a fierce opening that sent the signal right away of what we were in store for. Now, a couple other quick notes around other opening statements. Democrat Ranking Member Maxine Waters used her time to rail against MAGA Republicans for pushing the government into a shutdown, and effectively defended the SEC's agenda on all fronts, and asserted that their rulemaking agenda was moving quote thoughtfully and effectively. Now, Gensler himself also got a chance to give an opening statement, and most of his time was spent on justifying the agency's regulatory agenda. He claimed overall that the rulemaking process had been measured with ample time and consideration given to public comment. Now, from there we moved into the question section of the hearing. McHenry as committee chair got to go first and used his questions to focus on Bitcoin. He asked Gensler whether he stood by his previous comments that Bitcoin is not a security, which Gensler evaded by talking in circles, never reaching a point. Notably frustrated by this process, McHenry snapped, I'm asking you to answer my question now. This is not supposed to be hard. Unable to get a straight answer, McHenry moved on to his point that there is currently no regulator with authority over Bitcoin's spot markets. He asked whether Gensler believed legislation should be passed to close that regulatory gap. To the surprise of no one, Gensler continued in his noncommittal manner, acknowledging the existence of said gap but failing to engage with the need for legislation. After that, McHenry left the crypto topic to press Gensler about when he can expect a response to document requests. Becoming ever more frustrated with Gensler's mealy -mouthed answers, McHenry said, This should not be the hard work of a chairman. You have 30 major rulemakings, but you won't even provide basic documents to us. Your unresponsiveness is non -compliance and we'll have to take action if you're not willing to comply. Now Maxine waters again as ranking minority member got to speak next. She, too, continued on the crypto theme, although she used her time to accuse the industry writ large of quote gross violations of the law that end in investors getting ripped off. She asked Gensler what the SEC has done to quote shut down crypto firms and whether quote crypto firms are getting the message. This, of course, mainly served to set up Gensler's usual sound bites. This is a field, he said, that's rife with fraud, manipulation and scams, and the American public is still getting hurt by the non -compliance in this field. Waters also used this chance to castigate Republicans who quote too often protect crypto firms. Now it was very clear listening to Waters that she wants the public to see the crypto industry as just Luna and FTX, to extrapolate them to everything and effectively shut the industry down. Now moving into the rest of the questioning, much of the substantive discussion centered on SEC staff accounting bulletin 121. Better known as SAB 121, this measure requires financial institutions to place intangible assets on their own balance sheet rather than in segregated customer accounts. The rule has been widely criticized for making crypto custody essentially unworkable for banks. Dissatisfaction was expressed from numerous representatives, including one of Gensler's usual allies, Brad Sherman. Sherman noted that the rule lumps all intangible assets together from real estate to crypto. He suggested that specifically designed rules for vastly different asset classes would be more appropriate. The most robust questioning on this topic, however, came from Republican Mike Flood. Flood put to Gensler that his staff did not consult with prudential regulators on SAB 121, which Gensler acknowledged. After stating that he had personally looked into this issue, Flood noted that the Accounting Standards Board had not published any guidance around crypto custody. This contradicted Gensler's comments from a previous hearing when he stated that the SEC was simply applying existing accounting rules. Flood said quote, With regard to SAB 121's potential effects on a bank's balance sheet, it's fair to say that fact pattern we have is that the SEC is not just going out of its lane, but it failed to comprehend the existence of any conflict with prudential rules. He suggested that there are only two explanations for this action. Either the SEC knew there was no justification for SAB 121 and chose to do it anyway, or that there were fairly obvious mistakes made during that process. Flood concluded saying quote, The case of SAB 121 raises the question of whether the SEC is compromised. Now, as you might expect, minority whip Tom Emmer lined up to take his shot with a series of rapid -fire yes or no questions. The main thrust of his questioning was around whether Gensler's history as a partner at Goldman Sachs had colored his agenda at the SEC. To get a sense of Emmer's opinion on this, just look at his tweet from yesterday where he said, Fact, Gary Gensler is not an impartial regulator, and his answers to my questions today prove just that. He's made a career of being relentlessly loyal to the largest institutions in America at the clear expense of innovation, competition, and everyday Americans. One example, Emmer presented Gensler with a quote he previously gave about bank executives being concerned about depositors moving money into crypto. Emmer asked, Can you assure this committee that your style of regulation by harassment towards digital asset innovation is to the benefit of every American and not driven by your desire to protect industry incumbents? At another point, Emmer asked whether Gensler believed that all crypto tokens were securities, which was, once again, avoided with a rambling noncommittal answer. And all of this built up to the big finale in which Emmer said, Mr. Gensler, despite your years of rhetoric, I'm convinced you are not an impartial regulator. Instead, it's clear you are working to consolidate your own power even though it means crushing opportunities for everyday Americans and, frankly, the financial future of this country. Even the federal courts are highlighting the damage you, sir, are doing to our constituents and they are telling you you don't have the legal authority to accomplish your goal of squashing competition in the financial markets. Now, while this was extremely satisfying to watch if you happen to agree with Emmer, in general, I find that this type of interaction is exactly why these hearings are so much about and not really about productive anything. This was a chance to articulate the Republican position against Gary Gensler. There's no real place for listening. It's about laying out a narrative. Now, in this case, I happen to agree with Emmer's narrative, but it still doesn't make for the most effective governance. Another notable line of questioning came from Democrat Richie Torres. Torres used his time to dig into the issue of whether crypto should be governed by securities law. He said, I worry that the term investment contract has become so infinitely malleable and I worry that when it comes to crypto, your interpretation of the term investment contract has no limiting principle and therefore could invite arbitrary and capricious enforcement action. Torres referenced an August report from six law professors which examined the history of the Howey test. That report had noted that no Supreme Court ruling has ever determined the existence of an investment contract scheme without recognizing one or more contracts underlying that scheme. When pushed to provide a case that contradicts this research, Gensler was unable to do so. When Gensler began to waffle, Torres cut him off, stating that, This is a question to which you should know the answer because the definition of an investment contract is the central issue. That's what determines the extent of your authority. That's what determines the applicability of federal securities law to crypto transactions. Your inability to answer that question is baffling to me. Switching tactics, Torres asked whether purchasing a Pokémon card would constitute a securities transaction. Gensler, as always, was unable to give a straight answer, stating that he would know what the context was, although generally he acknowledged that it would not be. Torres followed up by asking whether purchasing a tokenized Pokémon card would be considered a securities transaction. He asked Gensler if, For you, the process of tokenization is what transforms a non -securities transaction into a securities transaction? Gensler, of course, did not get to a real answer and just fell back on restating the elements of the Howey test. One other topic that you might be wondering if it came up was the Prometheum question. Prometheum was, of course, the first crypto firm to obtain SEC registration as a crypto brokerage, despite the fact that that licensing seems to give them no ability to actually offer digital asset trading. Prometheum is also minority -owned by a prominent Chinese firm. After Gensler failed to express any serious concern with the Prometheum situation, Congressman Ralph Norman noted that the SEC had taken 10 weeks to respond to a letter on the issue. He said, Andy Ogles brought the four -hour hearing full circle, saying, And at the end of it all, after dealing with several more non -answers from Gensler, an exasperated Ogles closed the hearing with the call to, So, what can be drawn from this hearing, if anything? Well, Gensler appears to be stubbornly sticking to his plan to evade document requests and oversight from Republican representatives. Over the four -hour hearing, there were few, if any, answers from Gensler that produced any new information or even, frankly, attempted good -faith engagement with the questions. Throughout the hearing, Gensler acted as if he knew there would be no serious repercussions and he could continue to treat congressional oversight as a joke. Republicans, for their part, are clearly fed up and ready to act. McHenry began and ended the hearing with a threat to subpoena the SEC and Gensler to compel a response to the numerous document requests that have gone unanswered. The threat seemed to carry little weight for Gensler, who seemed more than willing to allow that controversial action to play out. Now, on the flip side, establishment Democrats appear entirely disengaged with the legislative process and committed to the current strategy of naming failed crypto projects and demanding that the SEC continue its rampage throughout the industry. No senior Democrats appear at all concerned that the SEC is losing in court, as long as that litigation remains a roadblock for the industry. Representative Torres remained a bright spot and one of the few Democrats breaking with his senior colleagues. His questions showed a deep understanding of the legal issues surrounding token lawsuits and the need for additional clarity and crypto regulation. Overall, the hearing really just confirmed what we already knew about Gensler and his leadership of the SEC, which is, of course, that it seems very unlikely that anything will change. However, Republicans have now clearly reached the end of their rope and are ready to play hardball by using subpoena power. As Bill Huizenga put it to Gensler, what's your plan? Because we've got a plan. Until next time, guys, be safe and take care of each other. Peace.
A highlight from 1415: Bitcoin Will Soon Hit $500,000 - Winklevoss Twins
"Welcome everybody to Crypto News Alerts, the number one daily Bitcoin pod. In today's show, I'll be breaking down the latest Bitcoin technical analysis as Bitcoin recaptures $27 ,000 and quoting Max Keiser, the high priest of Bitcoin, Bitcoin is the North Star guiding to the only safe haven asset in the world that protects against inflation, confiscation and censorship preach. Also in today's show, Ethereum futures ETFs can start trading as early as next week. According to top Bloomberg analysts, we'll also be discussing the SEC pushing back the deadline for spot Bitcoin ETF apps, definitely not a good look. And speaking of ETF apps, I'm also going to be sharing the five highlights of Gary Gensler's evasive testimony before Congress quoting Senator Warren Davidson. Gary Gensler's tenure at the SEC highlights two key problems. Number one, Gary Gensler's problem and number two, the SEC's structural problem. That's why I introduced the SEC Stabilization Act to fire Gary Gensler and restructure the SEC. Let's freaking go. Also in today's show, crypto analyst Michal van de Poppe predicts a very positive quarter four for 2023. I'll be sharing his targets in which he outlines. We're also going to be discussing the SEC's inaction on the spot Bitcoin ETF is a complete and utter disaster, according to the Winklevoss twins. And speaking of the Winklevoss twins, I'm also going to be sharing with you their $500 ,000 Bitcoin price prediction, which they say is coming soon. 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 cryptonewsalerts .net. Again that's cryptonewsalerts .net. Welcome everyone. This is pod episode number 1415. I'm your host JV. Today is September 28, 2023 and Bitcoin is finally back above 27 ,000 as we're pumping right when I hit the live button. We're currently above 27 ,100 up over 300 % today and we continue climbing. Welcome everyone in the live chat. I gracefully appreciate y 'all. Yeah, who knows? Maybe we'll hit 28 ,000 by the time today's live stream is over. Let's see. And make sure to let me know where you're tuning in from in that live chat as I'll be giving everyone a shout out towards the end of the show. And with that being shared, fam, now let's dive into today's market watch. As you can see here, every major crypto back in the green. Bitcoin above 27 G's. We got Ether up three and a half percent trading at $1 ,655 BNB, XRP, Cardano, you name it. And checking out coinmarketcap .com, we're currently sitting above $1 .07 trillion with about $26 billion in volume in the past 24 hours, Bitcoin dominance at 49 .1 % and even the Ether dominance on the rise today at 18 .5 % and checking out the top 100 crypto gainers of the past 24 hours, holy moly, compound up 20 % trading under 49 bucks, followed by Thor chain up 13 % trading at $1 .94, followed by Lido Dow up 8 % trading at $1 .59 and checking out the top 100 crypto gainers of the past week, massive gains, which we love to see, especially after a pretty bearish altcoin season to say the least. We got CompLead in the pack here as well up 20 % and Rune up 13 .4 % and RLB up 13 % and checking out the crypto greed and fear index, we're currently rated a 46 in fear yesterday at 44 last week, a 47 and last month, a 39 in fear. So there you have it, fam. How many of you are currently bullish on Bitcoin and how many of you took advantage of the recent dip? If so, let me know. It's good to see we pump in once again. So hopefully those positions are now in the green. Now let's break down today's Bitcoin technical analysis, check out the charts and why specifically the market is pumping right now. Here we go. Let's get it. Bitcoin hit new weekly highs after the September 28th Wall Street open as markets awaited fresh cues from the US Federal Reserve. And here you can see in the Bitcoin one hour Campbell chart, pretty freaking bullish to say the least. Data from Cointelegraph and TradingView showed Bitcoin price strength staging a comeback, having delivered what some referred to as a classic pump and dump 24 hours prior during the performance. Bitcoin hit a high of 26 .8, which appeared on Bitstamp as a result of 2 % daily gains before Bitcoin retraced all of its progress, then a slower grind higher than took hold with the bulls edging closer to 27 ,000, which we finally just recaptured here a few moments ago. Now GDP for quarter two grew by 1 .7 % year on year below the projected 2%, while the PCE index data for August came in in line with the expectations, quoting analyst Keith Allen, bring on the volatility. Now meanwhile, data from Binance's order book uploaded by Allen showed little by way of resistance standing in the way of the spot price under the 27 ,000 mark. So as you can see, just more bullishness for the king crypto, the macro data constituted just the prelude of the day's main event. Meanwhile, Jerome Powell, the chairman of the Federal Reserve due to the comment later on today, Powell, whose recent words failed to deliver noticeable volatility to the crypto markets was due to speak at the Fed's conversation with the chairman, a teacher town hall meeting event in Washington DC at 4 p .m. Eastern today. Now commenting on the state of play on Bitcoin markets, popular trader Dan crypto trades was a little more optimistic around the strength of the day's move compared to yesterday, September 27th, quoting him here back to yesterday's highs, but with considerably less open interests. No doubt there is longs chase in here, but it is less frothy than it was yesterday. Would still like to see longs chill out and not get to a full retrace later on. So there you have it. Let me know if you agree or disagree with the analysts. Meanwhile, quoting another analyst, right, capital Bitcoin is right back at the bull market support band cluster of moving averages, challenging to break out beyond them. Let's freaking go. Now, elsewhere in the day's analysis, he acknowledged that 29 ,000 could make a reappearance and still form a part of a broader come down for BTC. As he shares here, it's important to remember the Bitcoin could technically rally even as high as 29 ,000 to form a new lower high, which would be phase A and B. He explained alongside this chart. So there you have it. Let me know if you are currently more bullish or bearish on the King crypto and quoting the high priest of Bitcoin, Max Kaiser, Bitcoin is the North star guiding to the only safe haven asset in the world that protects against inflation confiscation and censorship preach. Now welcome to y 'all just joining us in today's podcast. As always, I appreciate everyone's daily support and means the world. And now let's discuss our next story of the day as Bitcoin continues to pump, shall we? We're going to be discussing the Ethereum futures ETFs, which can get approval. They say potentially as early as next week. So let's break this one down, shall we? Ether futures ETFs could start trading for the first time in the United States as early as next week. According to top Bloomberg analysts on September 28th, which is today, Bloomberg intelligence analyst, James Safart said in an ex post, it was looking like the sec is going to let a bunch of Ethereum futures ETFs go next week. Potentially. His comments were in response to fellow ETF analyst, Eric Balchunes, who said he was hearing that the U S SCC wanted to accelerate the launch of Ethereum future ETFs quitting him here. They want it off their plate before the shutdown, he said, adding that he's heard various filers updates on their documents by Friday afternoon so they can start trading as early as Tuesday next week. As outlined here on X. Now the U S S government's expected to shut down at 1201 a .m. Eastern on October 1st. If Congress fails to agree on or provide funding for the new fiscal year, which is expected to impact the country's financial regulators amongst federal agencies. Now neither specified their sources for the latest update on the long list of crypto ETFs in the queue. There are currently 15 ether futures ETFs from nine issuers currently awaiting approval. According to the analysts in a September 27th note, which is yesterday, companies proposing an Ethereum futures or hybrid ETF product include VanEck pro shares, grayscale volatility shares bitwise direction, as well as round Hill. The analysts gave ether future ETFs a 90 % chance of launching in October with Valkyrie's ether exposure on October 3rd, quoting them here. We expect pure Ethereum futures ETFs to start trading the following week, thanks to volatility shares actions. However, we don't expect all of them to launch. So do note that now as previously reported that ether futures ETFs may be approved in October causing the 11 % spike in ether prices and probably why the Ethereum dominance is up as it's been stagnant and down for quite some time. Ether prices are on the gain, currently just under $1 ,700 and we'll see how high we continue to pump, but do note crypto future products aren't as hotly as anticipated as their spot based alternatives. There are already been Bitcoin futures ETFs approved in the United States since 2021, which is a fact, which leads us to the million dollar question. Why have they approved a futures ETFs, but continue to deny and delay all the spot ETFs? We're going to be getting to that a little later as I share with you the highlights from Congress pressing the chairman of the SEC, Gary Gensler. It's going to get very interesting here in a little bit, but now let's dive a little deeper and discuss specifically the spot Bitcoin ETFs and what is happening and why they're being pushed back and the latest updates of where we're currently at. So here we go and welcome y 'all just tuning in. Make sure to smash that like fam. The US SEC has delayed deciding whether to approve or disapprove spot Ether ETFs. And like I said, we're going to be getting in October potentially get some approvals, but in separate notices filed September 27th, the SEC said it would designate a longer period on whether to approve or disapprove these proposed changes. The commission finds it inappropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised there within. The delay came the same day as the NASDAQ market filed the proposed rule change with the SEC for listing its mix ETH basically ETF, a combination of Ether holdings and futures contracts and also proposed rule changes with the New York Stock Exchange, ARCA for the Grayscale Ethereum Futures Trust, hashtag Bitcoin Futures ETF and the CBOE BXE exchange for the Franklin Bitcoin ETF were all filed. September 27th, that's right. If you're not familiar with Franklin Templeton, there are one and a half trillion dollar asset manager. They're also applying for an ETF. Now the SEC announced September 26th, it would designate a longer period to decide on these spot ETF applications. And as James Safart shares here, here's VanEx delay as expected. So another one, I mean, exactly what we were expecting from the SEC. Now in August, ARK investment manager, founder and CEO Kathy Wood speculated that should the SEC move forward with the spot ETF approvals, it would allow multiple listings simultaneously to avoid giving any single company an advantage over another in the market. Her remarks came before Grayscale Investments won a court battle with the SEC over its spot Bitcoin ETF app, which will likely be reviewed in which they're trying to turn their GBTC product into a spot ETF. So hopefully it happens. To date, the SEC has never approved the spot crypto ETF in the United States, but has allowed the listing of crypto linked futures ETFs and a leveraged Bitcoin futures ETF. Manipulation, fam. The next deadlines for the spot crypto ETF apps from firms, which include the largest asset manager in the world, BlackRock, Wisdom Tree, Invesco, Galaxy, Valkyrie, Bitwise and Fidelity are all scheduled for October. So we'll see how this is likely to play out considering October is now only three days away. Are we going to get some ETF approvals by then? Who knows? I think more than likely they're going to push it back again. However, Congress right now is pressing Gary Gensler to approve a spot Bitcoin ETF and ETPs immediately. So now let's break this down. If you missed Gensler, he was pressed by Congress just yesterday. And I know it's on everyone's mind. So let's break down some of the highlights from this recent hearing with Congress and the chairman of the SEC, Gary Gensler. Let's break it down, shall we? Here we go. Blame for kneecapping capital markets in the U .S. and slam for dodging questions around Bitcoin and Pokemon cards. SEC chair Gensler appears to have had one hell of a grilling from Congress this week. September 27th, the U .S. SEC chief again found himself in front of lawmakers in a scheduled hearing to discuss his agency's oversight of the markets. Here are some of the highlights. First and foremost, you are the Tonya Harding of security regulations. We should create a Gary Gensler diss track, right? One of the more colorful analogies came from U .S. Representative Andy Barr, who accused Gensler of kneecapping the U .S. capital markets with regulatory red tape. Barr referred to the old testimony from Gensler where Gensler argued that the U .S. is the largest, most sophisticated and innovative capital market in the world and that shouldn't have been taken for granted as even gold medalists must keep training. With all due respect, Mr. Chairman, if the U .S. capital markets are gold medalists, you are the Tonya Harding of securities regulations. Ouch. You are kneecapping the U .S. capital markets with an avalanche of red tape coming out of your commission. Preach. Barr is presumably referring to a scandal where U .S. ice skater Tonya Harding, I'm sure you all remember the story, I was a kid when this happened, and an assailant to attack her rival Nancy Kerrigan in the lead up to the 94 U .S. Figure Skating Championships and Winter Olympics. Kerrigan ended up not competing in the U .S. Championships and here is John Dickens who shared it here. Mr. Barr to Gensler, it's hilarious, you gotta watch these clips for yourself if you haven't seen them. So the next highlight, I wish the Biden administration would say, you are fired. That's right, shout out to Warren Davidson who also ripped into Gensler saying he hoped that the Biden administration would fire him. Powerful words. Davidson accused Gensler of pushing a woke political and social agenda and abusing his role as the SEC chairman. Preach. Massive shout out to the senators here doing their job. Damn good job. The U .S. Representative added that he hopes that the SEC Stabilization Act he introduced with fellow representative Tom Emmer could make it happen. Quoting him here, you're making the case for this bill, which is the SEC Stabilization Act. Every day you're acting as a chairman, he concluded, and Gensler wasn't even given a chance to respond. Now next highlight, Gensler reiterates Bitcoin isn't a security. That's right. When asked by U .S. House Committee Financial Services Chair Patrick McHenry whether Bitcoin is a security, Gensler eventually relented stating the Bitcoin didn't meet the Howie test. Quoting him here, it does not meet the Howie test, which is the law of the land. Then McHenry suggested Bitcoin must be a commodity, which Gensler avoided answering. Mr. No Clarity Gary, hence how he got the nickname, saying the test for that is outside the scope of U .S. security laws. Mr. Gensler, we're living in a clown world with this guy. Henry also suggested that Gensler try to choke off the digital asset ecosystem facts and refuse to be transparent with Congress about the SEC's connections with the FTX and former CEO SBF facts. Gensler also wasn't given the chance to respond to the claims made by McHenry. Next highlight, are Pokemon trading card securities? Gensler says it depends. Can't make this stuff up. Quoting Representative Richie Torres, I cross -examine SEC Chair Gensler about the term investment contract, which is key to determining his authority over crypto. Gensler struggled to answer basic questions like whether an investment contract requires a contract. His evasions are defeating and damning. Suppose I was to purchase Pokemon card. Would you constitute a security for this transaction? Gensler responded, well, I don't know the context before eventually concluding it isn't a security if you purchased it in a store. And then Torres asked if I were to purchase a tokenized Pokemon card on a digital exchange via the blockchain. Is that then a transaction? And then Mr. No Clarity Gary said, I'd have to know more because I don't know anything. Yeah, you can't make this stuff up. Gensler then explained to it when it's investing the public can anticipate profits based upon the efforts of others. Then the core of the Howie test, which it is, Torres called Gensler's evasions as damning to say the least. And the next highlight, a sign of defiance. Meanwhile, amongst the back and forth cross examinations between Gensler and representatives, the eagle eyed observers noticed a Coinbase stand with crypto logo behind the SEC chairman. Isn't that interesting? The Coinbase led initiative is a 14 month long campaign that launched back in August aiming to push crypto legislation in the United States. Coinbase also ran a stand with crypto day, which took place in Washington, D .C. September 27th to advocate for better cryptocurrency innovation and policy. So again, shout out to Warren Davidson, Tom Emmer, all the senators for holding Gary Gensler accountable. Hopefully they do something about it. What's your thoughts, fam? Do you think Gary is likely to listen to them and follow their instructions and approve a Bitcoin ETF immediately? Or do you think he'll continue kicking the can down the road as long as possible until he leaves his position as the chairman of the SEC? Let me know your honest thoughts in the comments right down below. Now let's break down the latest prediction coming from crypto analyst Michael Vanay Pop for some price actions for Bitcoin for the fourth quarter, which we are currently in for 2023. Then we'll break down the latest from the Winklevoss twins and their five hundred thousand dollar Bitcoin price action as the price action of Bitcoin continues to pump, baby. Let's go. Here we go. Let's break this baby down. Crypto trader Michael Vanay Pop is expressing bullish sentiment on Bitcoin in the coming months. Despite the recent struggles in a new video, he says that Bitcoin is on the cusp of reaching levels that offer accumulation opportunities per inch. According to the analyst, the trader Bitcoin could subsequently start an uptrend. Ultimately, Bitcoin is into an area of consolidation here, which makes it very likely we're going to have to retest here at twenty five, six and twenty five eight. If we are having a recess in that region, then there is this zone where I want to start buying my entries because of the recess, which is the ultimate recess. And if we're not going to get that, the flip to twenty six thousand five hundred, that is going to be the area where I think I want to activate my positions as well. And then we can start targeting twenty eight thousand. And then we can also start targeting the higher numbers, thirty thousand dollars plus or even more in the projection of quarter four. That is going to be very positive overall. Let me know if you agree that we'll have an overall positive quarter as we about to enter October. Let's go. Vanay Pop also says Bitcoin's current price action is similar to what was witnessed in the prior pre halving year, quitting him again. As long as we stay above the 200 week exponential moving average, we most likely are going to continue to the upside. And it starts to be very comparable to the period that we witnessed in 2015 and 2016. In this case, we needed it, but we started to consolidate and start to trend up afterwards. It is very likely to this period to slowly but surely the price starts to crawl up. And then we are going to have a case of the upside in the markets overall. And to watch this video analysis, the analyst did check the show notes below the video in the description. It's entitled Bitcoin price. I am looking to buy. So there you have it. And let me know if you agree or disagree with the analysts and are you currently bullish on the King crypto or do you think we're going to dip and test the lower levels? Let me know your honest thoughts, fam. And now let's break down our next story of the day. And the Winklevoss twins on the spot, Bitcoin ETF continuously being basically denied and kicked back and pushed back for the past decade. And then we're going to dive into their half a million dollar Bitcoin price prediction and why they're so confident that the Bitcoin price is going to hit their big target. So here we go. Let's discuss them with the SEC first. This was a story which was, let's see when their tweet was actually, let's scroll down. This is Cameron Winklevoss. This was actually on July 1st, it got 1 .1 million views. Now let me read the tweet. Today marks 10 years since Tyler and I filed for the first spot Bitcoin ETF. That's right. Over a decade ago, the SEC governor's refusal to approve these products for a decade has been a complete and utter disaster for US investors and demonstrates how the SEC is a failed regulator. Here's why. They protected investors from the best performing asset of the last decade. They pushed investors into toxic products like the Grayscale Bitcoin Trust, GBTC, which trades at a massive discount to NAV and charges astronomical fees. They pushed spot Bitcoin activity offshore to unlicensed and unregulated venues. They pushed investors into the arms of FTX, subjecting them to one of the largest financial frauds in modern history. Preach. Maybe the SEC will reflect on its dismal record and instead of overstepping a statutory power and trying to act like a gatekeeper of economic life, it'll focus on fulfilling its mandate of investor protection, fostering fair and orderly markets and facilitating capital formation. This would have led to much better outcomes for US investors. Preach. In the meantime, best of luck to all those fighting the good fight to bring the US spot Bitcoin ETFs to life onwards. So much respect. I mean, 10 years of denying this ETF. I mean, you can't make this stuff up. I think they shared perfectly some of the reasoning. It's to hurt the investors and keep you poor and keep you wrecked and keep you desolate and dependent upon a broken government that threw us overboard so frickin long ago. So much respect to the Winklevoss twins. If you didn't know, they're the owners of the Gemini exchange and they were the very first ever to submit the spot Bitcoin ETF app to the SEC over a decade ago. And obviously they're sick and tired of Gary Gensler, his no clarity and his shenanigans. Just like the rest of us, it's time to fire Gensler. If you think Gensler should be investigated and potentially fired, let me know in the comments right down below and I'll be reading your comments out loud here in a little bit. Now for our breaking story of the day, let's discuss the Winklevoss twins and their case for a $500 ,000 Bitcoin price, which they believe is coming soon. So let's break this down, shall we? And welcome to y 'all just joining us in the live chat. Much love and much respect. So here we go. Winklevoss twins' prediction, Bitcoin will soon hit $500 ,000 per coin. And why? And again, shout out to Tyler and Cameron. Let's get, we already know their background, early Bitcoin investors, OGs, early investors as well with Facebook. Some claim that they're the real creators of Facebook and Zuckerberg stole it. But nonetheless, in a recent interview with the National News, the twins explained they remain convinced of the future of crypto. The main reason is the revolutionary and technical properties as well as the potential of Bitcoin to act as a store of value similar to gold. And in addition, crypto has many other advantages, mainly through programmability. Hence, the Winklevoss brothers believe that Bitcoin could even replace the precious metal. In the long term, Tyler Winklevoss shared the following. If you look at the properties that make gold valuable, Bitcoin matches each attribute or does better. The gold disruption story of Bitcoin is super powerful. We believe in it. Tyler Winklevoss explained his reasoning for the $500 ,000 Bitcoin price action, quitting him here. If you do the math, 21 million in the supply of Bitcoin, the market cap of gold, let's say it's 10 trillion, maybe it's 11 trillion, somewhere in that ballpark, that puts one Bitcoin if it disrupts gold and gets that market cap at $500 ,000 per coin. The two brothers did not want to give specific investment tips. However, Cameron reveals the strategy that they use, which is generally the simplest, which is simply HODL. Hold on for dear life, quitting him here. Generally speaking, if you subscribe to Bitcoin being a store of value type investment, then that strategy is HODL. The same way you would HODL gold is you buy and HODL long term investments. So according to the Winklevoss twins predicting the Bitcoin price will hit $500 ,000, they say predictions are difficult, but they believe that Bitcoin will hit the milestone within a decade. And when they were more recently interviewed and asked, where do you see Bitcoin in five years time? Here's what Cameron Winklevoss responded. We usually take a decade view on it. When we wrote a piece on the value that predicted it being $500 ,000 Bitcoin, we said within the decade. And I believe they wrote that in 2020. So they're basically saying by the year 2030, they're anticipating a $500 ,000 plus Bitcoin price with Bitcoin overtaking that of gold as far as the market cap. Now is that in three years from now or nine years? The timing part is hard, but I think the Bitcoin created $1 trillion worth of value in under a decade. That is fact. I believe back in November of 2021, Bitcoin's market cap surpassed a trillion dollar milestone and the total crypto market cap surpassed $3 trillion. But as of today, we're closer to a $500 billion Bitcoin market cap with the entire crypto market cap down to a trillion. Now, it also spawned many huge productions such as Ethereum and the entire asset class. He continues. If you look at the value increases in Bitcoin, it is this punctuated equilibrium where it is steady, steady, steady, and then boom, it reaches a new price level. This is the new normal. So it can happen very quickly. So there you have it, fam. Ultimately saying when Bitcoin takes off, it explodes quick and vast. And especially considering that two of the most bullish catalysts in Bitcoin history were on the cusp of. Six months away from a Bitcoin halving, we all know the Bitcoin cycles every four years, it drives the Bitcoin price up as it increases the scarcity as well as increase demand, basic stock to flow, numbers must go up. And we also have the approval of a Bitcoin ETF likely to take place in 2024, especially with Congress on Gensler's. But we also have the ETF experts such as Eric Balchunes given a 95 % chance probability that a spot Bitcoin ETF likely get approved in 2024. Those two catalysts will absolutely make Bitcoin rip to new all time highs entering price discovery mode like we have never seen before. So how high do you think the Bitcoin price will likely climb by the time of this next halving? Roughly six months out, scheduled to take place sometime in April of next year. Let me know your thoughts in the comments right down below. And don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
A highlight from 1269. Gary Gensler DESTROYED By Congress! FULL RECAP | Crypto vs SEC
"All right, so Gensler faces Congress, and it was a showdown for the ages. You guys do not want to miss this one. We've got a whole slew of clips from the entire hearing broken down into a very short run for you. So it's worth your time. Make sure and stick around for it. My name is Paul Baron. Welcome back into Tech Path. All right, so let's get into it. Let's just start off the top of the hill. And this, of course, is Mr. Patrick McHenry going in to the intro. Let's cut to that. So many things changed. So many things remain the same. Those are the same issues on the docket today. This means that in the last five months, you've done nothing to remedy the legitimate and often bipartisan concern expressed by this committee. That is disgraceful. Let me be clear, Chairman Gensler, our patience is wearing thin. Among your expansive rulemaking agenda items, there is not a single initiative aimed at improving access to capital. Third, your efforts to choke off the digital asset ecosystem, which has created real harm for consumers in our markets, is clear to all. On the other, we've seen your ad hoc regulation by enforcement approach to digital assets on a losing streak in the courts. You refuse to be transparent with Congress regarding your interactions with FTX and Sam Bank and Freed. Your lack of responsiveness to this committee's legitimate oversight continues to be unacceptable. And I want to finish here. So let me be clear, I do not want to be the first chairman of this committee to issue a subpoena to the Securities Exchange Commission. And you should not want to be the first SEC chair to receive a congressional subpoena. Either we find a path forward where the SEC recognizes Congress is a co -equal branch of government and is responsive to our oversight duties, or my option is to issue a subpoena. It's time for you to consider the lasting consequences of your action. All right. So McHenry kind of laying down the law there. And one thing he said that was a little confusing to me was a co -equal branch of government. They're really they're not a branch of government. So I was a little surprised at that. But let's go on the other side and listen to what Maxine Waters had to say. The chairman just indicated that his patience is running thin. Mine is thinner with the opposite side of the aisle. That said, I want you to know that you're doing exactly the job that the American people want and is shaping up to be the most pro worker, pro investor, pro small business SEC since FDR created the agency. My patient is wearing thinner than the chairman's patient. Let's get on with it.
A highlight from How To Turn Your STRESS Into SUCCESS! (Part 2)
"Welcome to Real Estate Coaching Radio, starring award -winning real estate coaches and number one international bestselling authors, Tim and Julie Harris. This is the number one daily radio show for realtors looking for a no BS, authentic, real time coaching experience. What's really working in today's market, how to generate more leads, make more money and have more time for what you love in your life. And now your hosts, Tim and Julie Harris. Welcome back. This is day two. We're talking about how to turn your stress into success. And as you've learned, hopefully from yesterday, a lot of this has to do with your making the decision to actually get in control of all the head junk that's floating around in your head. If you didn't listen to yesterday's podcast, please do go back and listen to the podcast again, especially with regards to the brain dump. Indeed. That's such a great technique. You guys should all do it virtually every day. You're going to feel a lot better. So we're going to start with point number five because we did one through four yesterday. What to keep and what to let go of when you're getting back into control, how to turn your stress into success. Let me relabel this one and then we can read specifics. So one of the things again that we've been advocates of for decades are, it's called basically having media free life. And you can start out by having a media free morning, but really at the end of the day, you should do everything in your power to purge from your mind anything that's going to have an adversarial influence on your mindset. And a lot of that's going to come from the things that you choose to passively allow into your head. Now, it's interesting. When Julie and I originally started talking about having a media free life, let alone media free morning, people would take offense to it because they thought it was almost like their, I don't even know what their obligation to watch the news kind of like they had to watch it every day. It was almost like brushing their teeth. And people really would struggle with the idea of not ever consuming any media. But now I don't think people feel like that because I think what's happened over the last really maybe 36 to 48 months is people have realized almost all of the media is designed to essentially cause a reaction within your lizard brain that is going to not necessarily be putting you in a mental emotional state that you want to be in. And really it's I think at this point proven that a lot of them, especially mainstream media, it doesn't matter if you're blue or if you're red, it does not matter. A lot of it really is just propagandized garbage. So talking people into being media free now is a lot easier than it used to be. Now what's replaced it though is a lot of you guys are spending way too much time on social. So being media free, if you're just taking what you're picking up from cable news before and now you're filling your mind with all these really off the hinge websites and things like that, you've actually put yourself in a worse position. So one of the, again, things that you all should be considering doing is having completely media free lives. Literally purge all forms of media except for this podcast from your life. Well podcasts actually are I think very good because you can prune the content and of course obviously you can slide off one side or the other and you know, but you can curate what you're putting into your brain far easier than just turning the TV on and just, you know, being passive and you know, zoning out for whatever it's going to feed to you. And I think that it's, you know, I am with you on the media free a hundred percent, but knowing that they're going to naturally be on it now and then, you know, that brings us to this point of what should you, you know, to, to a large extent, take a break, go media free. You're going to feel a lot more peaceful because it has gotten to be very aggressive and contentious. Well, what a lot of people will realize is when you do go media free and you should just test this just for the sake of your own, I think, you know, intellect, go media free just in the morning or just in the afternoon, like afternoon today. Don't listen to any, you know, don't input anything that's going to cause you to feel a certain way that you're not in control of. And by the way, that is a really good, I think, introspective technique you can all use as whether or not something's good for you or bad for you, frankly, after you've listened to something or you've read something or just even talked to somebody, monitor how you feel. How do you feel inside? Do you feel happy, jubilant? Do you feel optimistic, excited? Do you feel, you know, love? Do you feel friendship or do you feel fear? Do you feel loathing? Do you feel defeat? Do you feel like monitor how you're feeling? What is the dominant emotions that you have after listening to today's podcast? What are the dominant emotions you have after listening to CNN or Fox News or whatever it is, right? And notice that what, for the most part, you feel when you're consuming media, especially if stuff's not good for you, you feel like the world is against you. You feel like there's a, you know, there's us and then there's them. You feel tribal. You feel maybe even superior, oh, you know, I listen to CNN so we think this way versus all those other people think that way and of course it's true on the other side as well. So just monitor how those things have psychologically evolved to manipulate you and the result of the manipulation is you frankly lose control of your mindset but your world gets smaller and smaller and smaller because eventually what's going to happen is you're only going to feel comfortable around other people that think and feel exactly like you do and at that point you're just living under a bridge. Well, you've got to make room in your brain for the good stuff, right? And so when you go, you know, you've listened to, you've watched whatever, something and it does make you feel yucky, guess what? You have control. Delete that app. Don't go back to it. If you, if you're watching like your news apps or whatever and you feel really horrible after reading something, sometimes it's not even that it was bad, it was just wasting your time. It was about nothing. I know. Right. So, so that's ultimately just monitor how you feel and then notice that when you go media free in the morning, for example, you know, I would like you guys to completely jump off the deep end and go media free period, but you will notice that you will go through forms withdrawal. of And I mean that in the literal sense. Now fortunately it's easy to get easier to get off media than it is, you know, getting off caffeine or something, you know, especially for somebody like me, not that we'd know because we're never going to try. I mean, why would someone get off caffeine? That makes no sense. That's like getting off oxygen. I know. Anyway, so wrong. Yeah. So anyway, when you go media free, what you're going to feel is you'll actually feel honest to God feelings of withdrawal and it manifests as a sense of lack of control. Oh my gosh, what is something going to happen? I'm going to miss out on the news. I'm not going to know what's going on. You actually start to feel this sort of literal feelings of withdrawal that comes from you're not getting that constant dopamine hit from really knowing the latest, greatest of everything is going on. All the news crawls and all the, you know, breaking news and all that stuff, it's all designed to trigger a little emotional response in your head. Somewhat like frankly, a lot of other things that people consume online, porn has that same effect. It releases a tiny little hit of dopamine and it causes you to feel a certain way for it. You get a little bit of a high from it. That's all that crap is. It's all designed to essentially start. Now you get, Oh, I want more of that feeling. So now I'm going to go and watch Fox news. I'm going to go to this website that's going to tell me that, you know, the human eating aliens are about to land, whatever it is, doom scrolling, doom scrolling, right? That is what people do. And you got to break free of that because you can't break free of that, or you can't be free of that until you break free of that. And when you do nature, it hoards a vacuum. In other words, once you are purging that stuff from your life, you will all of a sudden after you go through the withdrawal, it is real. I promise you after you go through the withdrawal, then all of a sudden you're going to start to feel lighthearted. You're going to, you're going to stop feeling divisive towards other people. You're not going to start seeing us in them. You're not going to, you're going to start feeling completely different. You're going to go back to your baseline, which for most of you are really good, nice, honest, loving, you know, people, not what the media wants us to all feel like. And look, look at the constant battle that seems to be happening socially right now in the United States and other places in the world as well. Don't you think the media, I don't think they created it. I don't. I think what they're doing is just parroting back to people what they're clicking on. Oh, they clicked on the fact that there's this, you know, horrible locust invasion that's happening in the Midwest or whatever. Well, people must want to read about horrible locusts with their big, you know, beady red eyes. Boom. You're seeing nothing. Let's give them more of that. Exactly. So the media is not, you know, creating the horrible red locusts. The locusts are there, but they're seeing that people want to read or see more information on that. Thus, that's what they're feeding you more of. People don't click on or read positive news. That's the reason. You try to find, try to find a story today anywhere that's going to be positive. And the reason that the media doesn't produce, and even, you know, amateur media people, they don't do positive because people don't click on it, because people don't view it, because people don't consume it. Why? Because you don't get that little dopamine hit. You only get it when you get the fear -based thing gets triggered in your head that comes from the bad news. So don't be surprised when you choose to go media -free, that you go through withdrawal. Don't be surprised after you've gone through that, maybe a week, maybe two weeks, that you're feeling this incredible feeling of relief, because that is how you'll feel if you give yourself the opportunity to get there. And then, what do you fill that? You fill that with the proactive lead generation and the other things that you should be doing to make yourself better, to improve the lives of your family and your loved ones, and obviously, to make a contribution to the people who choose to use you as a real estate professional. So that brings us to point number six, lead with proactive lead generation. You might be wondering, now that you've broken up with the media, what are you going to do with all of your time, right? So lead with proactive lead generation every day. You are either self -employed or self -unemployed based on the actions that you take. The things that agents avoid the most are the same things that are the most efficient and the most profitable. Proactive lead generation is your number one job, because without it, nothing else happens. You'll have leads to follow up on, no presentations, no deals to negotiate, and no closings. So remember that the answer to all stress in real estate is, take a new listing. Do it immediately. Your financial, emotional, and spiritual well -being all depend on this when you are earning your living in this business. All good things come from listings. And I can tell you, coaching call after coaching call, where today's call, the agent was kind of in this zone, stressed and maybe a little disorganized, feeling out of control. And guess what happens? In the next couple of days, they take a new listing. Next coaching call, it's like you're talking to a different human. Well, people need three things, right? People need someone to love, something to look forward to, and something to do that gives your life a sense of purpose. Those are the three fundamental things that it takes to have a happy, balanced life. I'll be even using the word balanced with air quotes. Someone to love, ideally they love you as well, right? Something to do that gives your life a sense of purpose, and something to look forward to. If you have those three things going on, and you can manifest all those things, it's not difficult. Discovering a sense of purpose, your sense of purpose is obviously your family and learning to be an amazing real estate practitioner. Something to look forward to, something to look forward to as a result of you helping other people through your real estate services and the money that you have as a result. And obviously your family is going to benefit from that as well, or maybe it's your dog that's someone you love. Dogs are great too. You guys get it? Stop making it so complicated. Go back to the essentially core principles of really what real estate is all about. It's not complicated to be very successful in real estate. Doesn't require all these multi -level, billions -level step systems and all the rest of it. It just comes down to five core activities. Proactive lead generation, pre -qualifying, presenting, negotiating, and then obviously closing, and then lead follow -up, right? That's six, but you do those things at a high level, you will have unlimited, unending levels of success, not just in your business, but in your personal life. If you believe that becoming more successful in your business won't make other aspects of your life more successful as well, I need you to shed those thoughts, because here's an interesting little challenge that some of you might have. If you have got caught into the, and again, this is going back to the point number six with regards to the media, but if you've got caught into this sort of never -ending loop of negativity, and you have actually convinced yourself that tomorrow is not going to be better than today, you're actually going to lock in and ensure that tomorrow is not going to be better than today, because you're not going to do the things today that would actually make tomorrow better. What do I mean? Julie's last point. Proactive lead generation. Julie, why would I go and proactively lead generate? Why would I go and do this? Why would I go and do that if tomorrow is going to be the alien invasion? I'm trying to make you guys laugh, but I want you to realize the fragility of all of our mindsets, especially if we're allowing ourselves to be overwhelmed with negativity. When you purge the negativity, and all of a sudden you start replacing that time, energy, and sort of the mindset that's been wasted on the negativity, and you start doing the things that are actually going to ensure or lock in that tomorrow is going to be better than today, there's a compounding effect to it that is, I think it's a law of nature, basically. Probably. But it is all within your control. I think that's what it gets down to. So we're talking about the next point. This is a big black hole right now. Stop pursuing less than motivated or nonresponsive, with air quotes, leads. Let them go. If you've been doing a good job with your lead follow -up before you lost control of your schedule, remember we're talking about turning your stress into success here, and those leads just aren't responding, chances are they are not real leads anyway. Now let's demonstrate that. Real buyers are responsive. They call you as soon as they see the right house, or when you sent them the right house. They update you about their financing. They send you listings they've seen. Well we have a list of things that you guys should be using before you actually consider working with a buyer. It's all part of the buyer prequalification script. It's all part of the process. A buyer isn't just somebody that says, I want to buy a house. They actually have, before you give any of your life energy, which you do not get back, your time, which you do not get back, you have to make sure that they are prequalified. Julie gave you an overview. All of the scripts are going to give you answers to all the questions, and once all the questions are answered, then you'll know whether you have a buyer. Because the real challenge with buyers, guys, is they never actually have to buy. And if you're spending all of your time, to Julie's point, working with buyers, even buyers that are really motivated, oftentimes what will happen is they'll demotivate themselves because guess what? They just read something on the news that scares the crap out of them, and now they're deciding to take some time off from buying a house. Are they just ghosts, Jill? Or are they something, something, something? So there's no such thing as a buyer that has to transact. So when Julie and I lean into hoping you guys are going to learn to be listing agents, it's because there are lots of examples of sellers that absolutely positively have to sell. Now that said, real sellers are also responsive. How do you know? They're following, they're answering your questions from your prequalification script. They're responsive. They're easy to schedule a listing appointment with. They're cleaning. They're packing. They're staging their home. They're doing the things that sellers do. If your leads are not acting like real sellers, they're probably not ready to transact. Just say next. But not until you've actually used the seller prequalification script. Now here's the thing. This is an especially hard lesson for new or newer agents who haven't had the experience to know the difference between real buyers, real sellers. Whether you're new, newer, or experienced, using the buyer and seller prequal scripts will cure that issue. Brian Tracy said, your greatest asset is your earning ability, and your greatest resource is your time. So in order to know who you should be spending your time with, you have to ask those questions and actually get the answers. If they're not answering you, they're not calling you back. They're not acting like real buyers and real sellers do. But sellers are very easy. Sellers are way easier to know. Right, because a buyer's motivation to buy, a buyer can always stay put. They can always stay renting. They can always extend their lease. They can always do a room addition, all those types of things. But when a seller, when you're using a prequalification script, you'll know their time frame, you'll know their motivation, and so sellers have to sell. They have to sell because they are closing on another house and they need the equity out of their current one. They are getting relocated to another part of the country and they need to sell their existing house. They bought the house as a VRBO and now it's not cash flowing, they need to get rid of it for whatever reason, right? All these types of things. So they maybe have to sell the house because it's a probate listing or maybe it's a financial reason. Much more specific. And there are examples. So when does this house have to be sold by? With sellers, there's going to be a date if they're a truly motivated seller. The ones that, well, if pigs fly, you know, when pigs fly, then if I can get my price, okay, Mr. Seller, so if the home doesn't sell for the price that you're thinking about, what is your plan B? Well, we'll just take it off the market and we'll try again next year. Not motivated seller. Now you can still dig down and ask more questions and find out, well, so just so that I'm clear when this home sells, Mr. Seller, where are you going next? Oh, well, we already closed on the house in Florida and we're planning on moving there in 60 days. Okay, hold on. So you just gave me a bunch of wishy -washy motivation and now you're telling me you actually have a house you want to move to? And I mean, that's why you have the script though, because most agents, if they ask the first question, that's the only thing they ask, then they declare that that person is not that motivated. They haven't drilled down to the point to find out what's really going on with them. Same thing with price. You know, a lot of times sellers will say, well, if I don't get my price, what if their price is realistic? What if that's completely fine? You drill down more. And yes, they do have actual motivation. And don't find out the seller's motivation over time. I'll find out what the real motivation, some questions after I waste months with them. No, find out on the first contact or maybe the second contact, ask the prequalification prequalifying questions, and then find out what the heck is going on in their lives. Because here, I'll tell you guys a little secret, which anyone who's listed real estate before knows this. When you know the seller's timeframe, when you know what their actual motivation is, at that point, you basically have the answers to all the questions, right? If you know that they have to sell within the next 90 days, that's the only thing that truly matters, because they have to sell the house. You guys get it? Which means you have to take the listing. Which you have to take the listing, which is what we teach you how to do. So keep these things in mind. It does come down to that. Isn't that funny? But here, I'm going to do a little mindset check. See, I'm tricking you guys back into thinking about that. How do you feel right now? You probably feel excited because you're realizing, Julie and I are not asking you to do things that are very complicated. You're realizing that, hey, I can read a script. I can ask questions. Yes, it would actually greatly benefit you to do so. Yes, and you're now feeling optimistic, and you're feeling excited, and you're thinking you're going to go do these things. Yes, you are. You see, the form of media, the things that you allow in your mind and your heart and your soul really, truly do matter. Next point, Julie. Okay, our last point for today, we're talking about how to turn stress into success. What should you keep? What should you dump? Well, guess what? Number eight, your fitness and nutrition routine cannot suffer when you're busy. Change it instead of skipping it. If you can't find time in your normal work to do your normal workout at the gym, replace it with a Saturday morning workout or a nighttime yoga class or something where you're not just deleting. Don't delete. Just modify. You need your energy, and it's a great place to find new leads. It's also a great way to work off that stress. So bonus point. What are you going to do about this? We've talked about scripts. We've talked about schedule. We've talked about being supported by people who believe in you. That would be our Harris certified coaches. So go ahead. You know you want to. Join Premier Coaching today. You can go to premiercoaching .com, and we will help you every day to achieve your goals with less stress, more focus, and give you the support you deserve. If you guys are looking for a tribe to associate with, associate with a tribe that's going to be all focused on the betterment of themselves and also the people in which they choose to do business with and those who choose to do business with them. In other words, be part of the movement that is Premier Coaching, because Premier Coaching is going to be the thing that's going to give you. It's a tug of war at the end of the day, right? If you think about this, it really is a tug of war. It's the old you versus the new you. If a lot of things are pulling on the side of the rope to keep you the same or to even make it so that your life tomorrow will be worse than your life today, admit it. It's true. You're constantly surrounded by negativity. You need a lot of people on the other side of that rope pulling. That's what Premier Coaching is going to be. It's not just Julie and I. It's all of our grey hair certified coaches. It's all the people that you're going to discover when you join Premier Coaching. Those people are pulling on the other side of the rope and oftentimes pulling you harder than you're able to pull yourself towards the negative side. We're going to pull you and provided that you eventually get to the right side of the rope and start pulling in the direction that you claim you want to go, provided you get there eventually, you're going to do fantastic and your tomorrow will be better than today and your next year will be better than any of your previous years. And guess what? Here's the, I think what a lot of you need to wrap your minds around. You will realize that you are in the right place at the right time. By the way, you always have been in the right place at the right time, but now it's just time for you to realize yourself as the best version of yourself as a real estate professional. That's what we're all about. That's what we're here to do. So guys, scroll down the notes from today's show. We actually talked about a thousand times more stuff than were in Julie's notes, but scroll down and then you guys will see the notes and also you can click the link to join premier coaching. In the meantime, thank you for keeping this number one, listen to daily podcasts for real estate professionals, at least the United States. This podcast is downloaded and listened to every month between YouTube and between iTunes and all the other things. It's like, I don't even, I'm, I'd have to account, but it's probably, I know we have downloads alone around 300 ,000 downloads per month. We have another, say 40 to 50, just straight up listens or streams. And then on YouTube, I have to go look, but our typical YouTube is getting listened or rather watched and listened to, I'd say seven to 17 ,000 times. So add all that up. So the podcast is probably getting consumed every month by a million different times, you know, and how many of you are doing something with all this information? It would be the fulfillment of Julian's mission on this planet if all of you were. So please do something with this. In the meantime, you guys have a fantastic day. We'll talk with you on the show tomorrow. This podcast is a part of the C -suite radio network. For more top business podcasts, visit c -suiteradio .com.
A highlight from 682:SECs Power Struggle: Congress, ETF Delays, and a Pivotal Hearing
"Good evening, and welcome to The Crypto Overnight -er. I'm Nick Ademus, 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 Wednesday, September 27th, 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're diving into the SEC's ongoing tango with the crypto industry. From Gary Gensler's controversial stance ahead of a congressional hearing to the SEC's foot dragging on Bitcoin ETF approvals, the regulatory landscape is becoming a battleground. And don't think Congress is sitting idle. They're stepping into the ring, demanding answers and action from the SEC. Buckle up, it's going to be a rollercoaster of a night. US Securities Exchange Commission Chair Gary Gensler has been vocal, and his recent statements ahead of a congressional hearing are stirring the pot. Gensler testified in front of the House Financial Services Committee, and we're going to get to his testimony in a bit. He's holding fast to his stance that most cryptocurrencies and crypto firms fall under federal securities laws, laws that, mind you, have been on the books for decades, according to his testimony. Gensler's view is a direct challenge to the crypto industry's ethos of decentralization and financial freedom. He likens the current state of the crypto market to the 1920s, before federal securities laws were in place. A comparison that's not just a stretch, but a leap back in time, ignoring the innovative nature of blockchain technology. Again, during his testimony today, he reiterated his belief that Bitcoin is not a security. He stopped short of saying that Bitcoin is a commodity. When he was asked if he believes that Bitcoin is a security, Gensler responded that he, the SEC staff, and prior chairs have said that it does not meet the Howey Test. However, he was reluctant to say that Bitcoin was a commodity during a follow -up question. When talking about Bitcoin's categorization, he said, quote, the test is otherwise for other laws. Again, refusing to answer the question. Gensler is not without his critics. Patrick McHenry is the chair of the House Financial Services Committee. He was the one asking questions about Bitcoin and receiving non -answers in return. McHenry accused Gensler of lacking clarity, and McHenry's point is valid. How can you punish digital asset firms for not adhering to laws when it's unclear if those laws even apply? It's like being ticketed for speeding when there are no speed limit signs. On the other side of the aisle, some Democrats like Maxine Waters are siding with Gensler. They believe that existing securities laws can work for crypto firms, but let's be real. This isn't just about regulation. It's about control. The government wants a piece of the crypto pie and they're using outdated laws to stake their claim. The House Financial Services Committee has advanced two bills. One aims to transition a digital asset from being a security to a commodity. The other looks to regulate stable coins. Both are clear indicators that lawmakers are scrambling to catch up with an industry that's already miles ahead. While Gensler was testifying, crypto entrepreneurs were in Washington for Coinbase's Stand With Crypto Day. They met with lawmakers and discussed how crypto is creating jobs. It's a counter narrative that needs to be heard, especially when the SEC is painting the industry as the Wild West. The SEC, under Gensler's leadership, is pushing for crypto compliance based on antiquated laws. That not only stifles innovation, but also contradicts the very principles that make crypto a beacon of financial freedom. And as the government tries to rein in the crypto world, the industry is fighting back, making it clear that they will not be easily tamed. Gensler's testimony is a pivotal moment for the crypto industry. His unwavering stance that most cryptocurrencies should be regulated as securities is a red flag. It's a philosophical clash with the ethos of decentralization that many in the crypto community hold dear. Gensler's comparison of today's crypto landscape to the 1920s is a thinly veiled warning. He's essentially saying that the crypto industry is a Wild West that needs taming. Now let's not forget, the crypto industry isn't Wall Street. It's a new frontier with its own set of rules and innovations. But Henry's criticism of Gensler is noteworthy. It reflects the frustration that many feel about the SEC's unclear guidelines. How can crypto firms comply with laws that aren't explicitly defined for them? It's like being asked to read a book, but the pages are blank. The advanced bills are a mixed bag. While they offer some regulatory clarity, they also paved the way for more governmental oversight, which could stifle innovation. As we unpack the SEC's heavy handed approach, it's clear that the regulatory web around cryptocurrencies is tightening. Gensler's testimony is sure to fan the flames of the ongoing debate on governmental control versus financial freedom. But folks, this isn't the only arena where the SEC is flexing its muscles. The SEC's recent move to extend deadlines for Bitcoin ETF applications from ARK21 shares and GlobalX is emblematic of the same regulatory hesitance. It's a systemic issue. The SEC's rationale, market manipulation and weak investor protections. But as many of you know, the real crux of the matter is control. The same control that the government is keen on exerting over the broader crypto space. And let's not overlook the timing here. While Gensler prepares to defend his stance in Congress, the SEC is simultaneously delaying decisions on Bitcoin ETFs. And why? All under the shadow of a looming government shutdown, adding another layer of complexity to this regulatory maze. And it's not just individual critics or lawmakers putting the SEC under the microscope, it's the entire crypto industry who is watching and waiting. Which brings us to the SEC's recent move to extend deadlines for Bitcoin ETF applications from ARK21 shares and GlobalX. Another chapter in the ongoing saga of regulatory hesitance and it's happening as the US government teeters on the brink of a shutdown. ARK21 shares and GlobalX had their hopes dashed when the SEC pushed back its decision deadlines. ARK's new deadline is January 10th, while GlobalX has until November 21st. This isn't the SEC's first radio. They've got 240 days to make a call after starting a review. But this time they've acted well before their interim deadlines. Why the rush? That looming government shutdown might be the culprit. ARK Investment Management and 21 shares have been in the game since 2021. They faced SEC rejections before. GlobalX is a newer player. They aim to offer investors a safer way to get Bitcoin exposure, but the SEC isn't biting. True to form, they cite market manipulation and weak investor protections as the reasons for their reluctance. Now, a federal court recently called the SEC arbitrary and capricious in its ETF decisions. Despite this, the SEC is continuing to drag its feet. ARK's CEO, Cathie Wood, expected this delay. She believes the SEC will approve multiple Bitcoin ETFs at once, if at all. Meanwhile, the SEC is also reviewing applications from big names like BlackRock, Fidelity, VanEck, and Invesco. ARK21 shares was leading the pack, but now it's anyone's game. The SEC's hesitance is a sign of the regulatory uncertainty that's stifling innovation in the crypto space. And as the government faces a potential shutdown, this regulatory limbo could extend even further. So really, this shutdown could not have come at a worse time. But shutdown or no shutdown, the SEC has been dragging its feet on crypto for years. So let's be real. This is less about protecting the investor and more about maintaining control over a financial system that's rapidly evolving without them. The recent court ruling that called the SEC's past decisions arbitrary and capricious is a signal that their time of unchallenged authority is coming to an end. Cathie Wood expects more than one Bitcoin ETF to get approved eventually, and she's probably right. The SEC can't hold back this tide forever. And they need to be careful because first mover status brings a huge advantage in this kind of market. The delay might be frustrating, but it's also a sign that the SEC is feeling the heat. They're running out of excuses and with each delay, they're losing more credibility. So while we wait for the SEC to make up its mind, the crypto community gets stronger and the traditional financial system gets a little more nervous. The clock is ticking and it's not in the SEC's favor. While the SEC continues to drag its feet on Bitcoin ETF approvals, citing concerns that many in the industry see as smokescreens for control, it's not just the investors and financial firms that are losing patience. The political arena is starting to bubble with dissatisfaction and it's coming from both sides of the aisle. In fact, recent court rulings and bipartisan demands indicate that the SEC's longstanding resistance to crypto innovation is reaching a tipping point. Lawmakers have decided they've had enough of the SEC's hesitation and are now stepping into the ring guns blazing. And trust me, they're not missing words. A bipartisan group of lawmakers urged Gensler to approve the listing of spot Bitcoin ETFs immediately. This comes after that court ruling we were talking about involving Grayscale Investments. Grayscale secured a win when three judges in the US Court of Appeal ruled that the SEC had to re -review its bid for a spot Bitcoin ETF. This was after Grayscale sued the SEC for rejecting its proposal. This exposed the SEC's double standard. The court specifically addressed the SEC's differential treatment of spot Bitcoin ETFs in similar funds based on futures contracts. The lawmakers argued that a spot Bitcoin ETF is indistinguishable from a futures Bitcoin ETF. The lawmakers in question are representatives Mike Flood, Tom Emmer, Richie Torres, and Wiley Nickel. They argued that a regulated spot Bitcoin ETF would increase investor protection by making access to Bitcoin more transparent and safer. They sent a letter to Gensler, stating that Congress has a duty to ensure that the SEC approves investment products that meet requirements set out by Congress. During Gensler's testimony today, McHenry did not mince words. He called out Gensler's lack of responsiveness as unacceptable, which is funny because the SEC, the very agency tasked with enforcing transparency, is itself under fire for being opaque. The irony is palpable. McHenry's frustration isn't isolated. It's part of a broader sentiment that's been building up for months. The SEC has been aggressive in its enforcement actions against various crypto entities. Yet it's the same agency that oversaw one of the largest financial crimes in U .S. history, and within the crypto industry, no less. Congress wants answers, and they want them now. They specifically targeted Gensler's communications with FTX. McHenry said, quote, "'You refuse to be transparent with Congress regarding your interaction with FTX and San Bankman Free.'" Now, this is crucial. FTX was a major player in the crypto space, and any interactions between it and the SEC could have far -reaching implications. I remember back then that people were accusing SBF of setting things up with the SEC to be more favorable to FTX than the competition. McHenry revealed that the committee made multiple requests for documents from the SEC. Seven months pass, they've received zilch. Not one single non -public document. McHenry's patience is wearing thin, and he's made it clear that the SEC is not above the law. McHenry is calling for a path forward, one where the SEC is responsive to congressional requests. If not, they're looking at the first congressional subpoena issued to the SEC. This showdown is a reflection of the growing distrust between regulatory bodies and those who hold them accountable. And let's not forget, this is happening in the backdrop of a crypto industry that's already skeptical of centralized authority. McHenry's ultimatum to Gensler is a significant moment. It's a challenge to the SEC's authority and a call for greater transparency in an industry that values it above all else. The ball is in Gensler's court. Will he play or will he forfeit? Either way, the crypto community will be watching closely. The SEC has been all too eager to slap lawsuits on crypto companies. Yet when it comes to their own dealings with FTX, one of the industry's major players, they're as tight -lipped as a sealed vault. What are they hiding and why is it taking a congressional threat of a subpoena to get some answers? McHenry's frustration is palpable and frankly justified. The SEC is supposed to be accountable to Congress and by extension, the American people. Their lack of responsiveness is not just unacceptable, as McHenry puts it, it's a breach of public trust. And let's not forget the irony here. The SEC, which has been so keen on enforcing transparency in the crypto world, is itself becoming opaque. This isn't just hypocrisy, it's a red flag. If the SEC can't be transparent about its interactions with FTX, how can we trust them to regulate an industry that's all about decentralization and transparency? The bipartisan push for immediate approval of Spot Bitcoin ETFs is a significant development. It's not just a win for the crypto community, but it's also a slap in the face for the SEC. The agency's inconsistent stance on Bitcoin ETFs has long been a point of contention. The court ruling in favor of Grayscale adds legal weight to the argument that the SEC's current position is, in fact, untenable. What's even more intriguing is the bipartisan nature of this push. In an era where political divisions run deep, the united front from both sides of the aisle speaks volumes. It suggests that the benefits of a regulated Bitcoin ETF, increased transparency and investor protection, are universally acknowledged. As I have long said, if crypto becomes a left versus right issue, both sides will lose. So it's good to see the left and the right working together on something for once. The SEC's reluctance to greenlight Spot Bitcoin ETFs is a blockade on financial innovation. This is especially glaring when you consider that futures -based Bitcoin ETFs have already received a nod. This differential treatment is not only consistent, but also discriminatory. Gensler's oversight hearing was a pivotal moment. The lawmakers are not just asking for explanations, they're demanding action. And given the court's ruling and the mounting pressure from Congress, the SEC might finally have to yield. This is not just about one type of financial product. It's about the broader acceptance of cryptocurrency in the financial ecosystem. A Spot Bitcoin ETF could serve as a gateway for mainstream investors, making it easier for them to enter the crypto market. And let's not forget, easier access means more capital inflow, which could significantly impact Bitcoin's value, and by extension, the entire crypto market. So what happened? In the showdown between Gary Gensler and Patrick McHenry at the House Financial Services Committee, the SEC's stand on regulating most cryptocurrencies as securities collided head on with the crypto industry's ethos of decentralization. Gensler likened the crypto landscape to the 1920s, a comparison met with skepticism and criticism. The SEC extended deadlines for Bitcoin ETF applications from ARK21 shares and GlobalEx, citing market manipulation and investor protection. But let's call it what it is, another play for control. And this comes amid a looming government shutdown, adding another layer to an already complex regulatory landscape. A bipartisan group of lawmakers is pushing back against the SEC's hesitance on approving Spot Bitcoin ETFs. This comes hot on the heels of a court ruling in favor of grayscale investments, adding legal weight to the frustrations with the SEC's inconsistent policies. Lastly, McHenry's calls for transparency in the SEC's dealings with FTX and other crypto entities culminate in a broader sentiment of distrust. He made it clear that the SEC's lack of responsiveness is unacceptable and even threatened the congressional subpoena. The overarching theme tonight is the intensing struggle for control and clarity between the SEC and the crypto world. On the one hand, the SEC is holding fast to ancient regulations that don't align with the ethos of the crypto industry. On the other, Congress and the courts are increasingly pushing back, demanding answers and more rational policies. This power struggle is affecting everything from how digital assets are classified to the approval of new financial products like Bitcoin ETFs. This regulatory tussle dictates the rules of the game, affecting your investments, your financial freedom and the future of the crypto industry itself. The struggle is far from over and each move has consequences that resonate throughout the crypto community. As we wrap tonight, it's clear that we're at a crossroads. The decisions being made by these institutions will either open new doors for the crypto industry or erect walls that stifle innovation and financial freedom. What's certain is that Congress is paying close attention to Gensler and exerting pressure on him to act soon, for better or worse. And that's going to do it for us tonight. I want to thank you, my listeners, because when you stop listening, I will stop talking. If you enjoyed tonight's show, then please like, follow, subscribe, leave a rating or maybe a review. And in the meantime, we'll see you tomorrow night. See you next time.
A highlight from 1414: Bitcoin Will Reach $10 Million By This Date - Adam Back
"In today's show, Bitcoin priced the $30 ,000 in October, says analysts as the Bitcoin price climbs 2%. And check it out, Coinbase CEO slams Chase UK for a totally inappropriate crypto move. And I'd say the same thing. Also, breaking news, the SEC chairman Gary Gensler says Bitcoin is not a security, but refuses to say it's a commodity. Max Keiser's response, Bitcoin is a synthetic commodity willed into existence by humanity's greed as a species for perfect money. It regulates itself, and it obviates the need for the nation state preach. Also in today's show, we'll be discussing the SEC pushes back the deadline for ARK 21 shares, spot Bitcoin ETF to January, continuing to kick the can down the road. However, breaking news, US lawmakers call on the SEC chairman Gary Gensler to approve a spot Bitcoin ETF immediately. Key word, immediately. Also in today's show, we'll be discussing Bitcoin price can hit $10 million within the next nine years, according to the Blockstream CEO, Adam Back. And speaking of a $10 million Bitcoin price, did you know Hal Finney was calculating a Bitcoin price of $10 million per coin just one week after the Genesis block on January 3rd of 2009? Talk about an absolute legend. 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 cryptonewsalerts .net. Again that's cryptonewsalerts .net. Welcome to everyone just joining us on our live stream. This is pod episode number 1414. I'm your host JV and today is September 27th, 2023. We've got another action packed show for you today. Let's kick it off with our market watch. It's good to see a lot of the cryptos are back in the green with Bitcoin holding on to $26 ,200 as support and checking out coinmarketcap .com we can see the crypto market cap pretty stagnant at just above a trillion dollars, we're roughly $28 billion in volume in the past 24 hours with a Bitcoin dominance pretty stagnant as well at 48 .9 % and the ether dominance at 18 .3 % and checking out the top 100 crypto gainers of the past 24 hours. We got Bitcoin cash leading the pack up 7 % trading at roughly $230 followed by the infamous Pepe up 5 .6 % followed by Chainlink up three and a half percent trading at $7 .65. Which altcoins if any are you most bullish on right now? Drop it in the comment section right down below and at the end of the show I'll be reading everyone's comments out loud and checking out the top 100 crypto gainers of the past week we can see it's a mix between a sea of red and a sea of green. We have Bitcoin cash up 7 % again link is up three and a half percent and RLB up four and a half percent and checking out one of my favorite indicators which is the crypto greed and fear index you can see we're currently rated a 46 in fear yesterday was a 47 last week a 46 and last month a 38 in fear so there you have it fam how many of you are bullish for this upcoming October which is only a few days out? Let me know your honest thoughts in the comments right down below and speaking of technical analysis let's dive into today's ta and check out the charts and what is popping with the king crypto.
A highlight from How Relevant Is The 2nd GOP Debate Without Trumps Attendance?
"Cable news, noisy, boring, out of touch. That's why Salem News Channel is different. We keep you in the know. Streaming 24 -7 for free. Home to the greatest collection of conservative voices like Dennis Prager, Jay Sekulow, Mike Gallagher, and more. Salem News Channel is unfiltered and unapologetic. Watch anytime on any screen at snc .tv and local now channel 525. Mike Gallagher. You know, if you're a news and political junkie, you kind of like seeing ads that run during a big event like tonight's debate. Emily Seidel is about to join us. She's the CEO for Americans for Prosperity. In fact, let's bring her into the conversation now. Emily, it's great having you on the program. Great to see you. And I'm so impressed by the work that Americans for Prosperity is doing on behalf of Americans who are struggling with Bidenomics. We all know that, frankly, the economy, inflation, that's what ought to be front and center tonight. And to that end, AFP is going to run an ad that's going to air, I believe, during the debate or around the debate, certainly on Fox Business Network and Fox News Channel. Let's share the Americans for Prosperity ad with everybody as we kick off our conversation. Ronald Reagan used to ask, Are you better off today than you were before? Sadly, for most Americans, the answer is no. We know that because at Americans for Prosperity, we talk with them every day. Binomics is crushing us. I can't keep up with the rising class of America. This country is on the wrong track. We can do better. But we must focus on solving the issues that matter most. With new leadership and fresh ideas, we can reignite the American dream. You know, Emily, that's such a powerful message because it's what Americans need to hear. I think it's what Americans are craving somebody to give a solution to this economic mess that we are in. And thanks to this grassroots effort on Americans for Prosperity's part, more and more people are focused like a laser on how to get the job done. So first of all, kudos to the great work that AFP is doing in that front. Well, thank you very much. And thanks for having me on. I agree that it's what Americans need to hear. It's also what we're hearing from Americans. We've been knocking on the country. And with that ad, we just wanted to share back what we're hearing from them in a way that hopefully calls on candidates on the debate stage tonight and lawmakers in Washington right now to focus on these issues, the issues that we're hearing matter most to Americans right now, and actually step forward with some solutions. That's what people are looking for. I've invited our audience to support Americans for Prosperity because your grassroots efforts are as impressive as anything I've ever seen. So far, Americans for Prosperity has talked to 4 .6 million voters through phone calls or just good old -fashioned door knocks. What's the message that your folks are hearing from all of those millions of Americans that you're connecting with? Well, it's pretty impressive. 55 % of the people that we've spoken to so far name inflation as their top issue. And we've never seen that kind of focus on a specific issue at this point in a cycle. No other issue. I mean, there are a lot of other really important issues out there, but no other issue is even cracking the 10 % mark. And so that tells you something, the economic Biden agenda is crushing families across the country. And that's what we're hearing far and away the most at the doors and on the phones. You know, I'm going to throw a curveball at you because you've been at this a long time. You've spent really decades working in policy and politics. I've been at this a long time as well as a broadcaster. I've never seen anything like this in terms of what appears to be the intentional destruction of our economy. And I want to pick your brain for a moment. Emily, I want to see if you agree with me that this does not seem to be accidental. Is it a stretch to say that these awful policies that are crushing small business owners, that are hurting farmers, that are hurting the middle class, do you think these are well -intentioned but misguided policies? Or is it indeed intentional damage? I mean, that's a great question. I like to hope that people run for public office to try to serve their communities and just make bad choices sometimes. But at this point, you really need to start asking. I mean, as we're talking to folks across the country, for instance, there's a 71 -year old man that we just talked to in Colorado who's retired, who has to come out of retirement to continue to be able to live, support his wife and his niece who lives with him. We had a grocery store event in Wisconsin where we were giving out $25 gift cards to the grocery store as we were talking to people about the cost of all of this rampant government spending that's been driving inflation and what they can do about it, what their voices can do to try to drive change in the public policy arena. And one woman said that because of that $25 gift card, she didn't have to choose between a portion of her grocery list and diapers for the week for her family. I think that's the most important thing. And I think that's very, very important to the people of the country and they're very frustrated. No, and that frustration, I hear it every single day on the show as well. Emily Seidel, who's the CEO of Americans for Prosperity, is visiting with us here on The Mike Gallagher Show. You can go to americansforprosperity .org and support this very impressive organization that is moving the needle. A lot of Americans know what matters. I like to talk, I use the late great Charles Krauthammer's book title often on my show, Things That Matter. Buying diapers matters. How to pay for the groceries matters. There's going to be a lot tonight, and Americans for Prosperity matters, so go to americansforprosperity .org to support this very important organization. Emily, there's going to be a lot of distractions over the next 18 months. We're going to see all kinds of drama. There's a lot of drama about who's on the debate stage tonight, who's not on the debate stage, what's going to be talked about, what's not going to be talked about. Are you worried that those distractions are going to water down what ought to be the alternative vision that we need to get the country back on track? Are you worried that some of the drama is going to overshadow this crucial, crucial message that we have to stay on point and focus on how to get this country back on the right track economically? I don't think so, and here's why. Because we've been talking with voters across the country, and they are focused. They're focused on listening for what the candidates will do to address the top concerns that they've got. They're wondering, is this crisis of affordability of life, is this the new normal? They want to know what people are going to do to shed the problems of biodynamics and get our country back on track. And so my advice to candidates would be to recognize that those are the people that you're talking to. Don't get distracted by all of the rest of this and focus on the failure of biodynamics and your solutions as candidates for public office to get back on track. So when I invite my audience to support Americans for Prosperity by going to Americansforprosperity .org, I want to make sure we get into the nuts and bolts of what it is you do. Because from where I sit, there is no group in America that connects to the all 50 states and what Americans for Prosperity is specifically doing to grow that army and how our audience can help. So Americans for Prosperity is the largest national grassroots organization that works to advance public policy that's focused on what I talk about as the core principles of freedom and opportunity for every American. And a lot of people ask me, what does that mean to be a national grassroots organization? Well, it means we've built 36 state chapters so far, and we're growing. We've got activists, as you said, in all 50 states. And we work in communities to make sure that people's voices are heard by their lawmakers, whether that's at the state level on critical items of importance to what's happening in your state, whether it's K -12 education reform or anything else, or at the federal level and specifically looking at how we're going to get our country back on track from the failed Biden agenda. But our whole goal is to make it possible for good policy to be good politics so that we can actually get things done that reignite the American dream. And it's all about elevating the voices of Americans to the folks that they've elected to drive that change. This is what it's about. And every single day, people say to me, what can I do? How can I mean, it's one thing to complain about these destructive policies, but it's another thing to take action. Emily Seidel, it seems to me, 40 plus years I've been sitting in front of a microphone. I have never felt a stronger urge to tell everybody, you've got to get off the sidelines. You cannot be passive anymore, because frankly, the country's at stake. And I don't think that's rhetoric. I don't think that's hyperbole. Do you? No, not at all. You know, last cycle, I met this wonderful man up in Pennsylvania who said he was watching TV and he saw one of our commercials and he said, you know, I'm going to stop complaining to my friends about what's happening in our country. I'm going to get off my duff and do something about it. And he came and started knocking doors with Americans for Prosperity and AFP Action, which is a super PAC. Together, last cycle, we were in 457 races across the country. We knocked on more than 7 million doors. We reached tens of millions of voters through phone calls and emails and mail pieces. We're going to do that and more this election cycle. And no matter where you are in the country, if you want to get involved, we've got somebody that can help you get involved. Listen, to learn all about AFP, to join their army, and it is an impressive army indeed. Just go to Americansforprosperity .org, Americansforprosperity .org. Emily Seidel, thank you for spending some time joining us. And we'll be looking forward to seeing your ad tonight on the debate. I'm glad we gave our listeners and our viewers a sneak peek.
A highlight from Episode 12 The Drama of Atheist Humanism Fr. Joseph Fessio S.J., Vivian Dudro, and Joseph Pearce FBC Podcast
"Welcome to the Foreign Book Club where David Duda, Joseph Pierce, and I, Father Fassio, continue to discuss Henri de Bloch's classic work, The Drama of Atheist Humanism, where he takes three great figures of the 19th century, whose thought influenced the whole of the 20th century, and is still influences now. We've covered Nietzsche, and then Feuerbach Marx, trying to take it as one moral person there. And now we're about to finish, the least known, I believe, in America anyway, Auguste Comte, who is the father of sociology. We're on page 248, in this chapter, positive transpositions, that is positivism, which was the form of thought and practice that was developed by Auguste Comte, transposed many elements of the Catholic church into its own humanist church. And we'll continue seeing how that happened on this section called Sociocracy, page 248. In the middle of that page, Lubbock says, in the last analysis, Christianity in general had been looking forward to the kingdom of heaven. Positivism in general, in the last analysis, an organization of the kingdom of the earth. That kind of sums it up. And then at the bottom of that page, the last word, if, and to the next page, if the advent of sociology had meant the elevation of politics to the rank of an exact science, the advent of sociocracy was to be the religious consecration of the said politics. It becomes a religion. Joseph, you're leading us in this book. Yeah, well, that's actually a good introduction to the first thing I had highlighted, which is really just three words, but I think very, an ominous few words. This is the middle of page 250, where Comte says that he has given his creed, that the motto order and progress, both words are capitalized. And in one sense, if you're going to look at those words sort of amorphously or ambivalently, everybody believes in order and progress, in the sense that the Catholic church will say an ordered life is a virtuous life, and that's progress towards the kingdom of heaven. No one's going to argue, if we're going to use the words very amorphously, what that means. But when you capitalize them as something subject to this sociology, the order is going to be state imposed order, and the progress is going to be worship of a utopia in the future for which everybody can be sacrificed. And that's what happens when you suck the divine out of notions of order and progress. So the next thing I have is 253, so I don't know if anybody beats me there. Well, the very last line of 252, I just barely squeezed in ahead of you, Joseph. The box says, since nothing could be done unless a, quote, proper nucleus of true sociocrats, those quotes, was formed. But in the field of action, the watcher was politics first. From the very outset, the new system must seek to lay hands on power. And, well, you, you may have done the same thing I'm going to do, so you take it away with 253, Joseph. Well, yeah, I mean, just commenting on that, that's the whole point is that we saw this with Nietzsche and with Marx, that it's no longer about truth, objectively understood, but about subjectively applied power and that in itself. But what I felt further down here is very interesting. This is different from Marx. Marx obviously believed somehow that the working class were going to be the people that would gain power, at least in theory, were very much an elitist. And for him, halfway down page 253, and this is ominous, it's almost like exactly what we're seeing in the capitalist ideologies, bankers. So it's actually the international financiers, the super rich, like the George Soros's. These men possessing great wealth must, provided they keep us to the pitch of their social vocation, also have the leading part in the government, that they are naturally trained for this role, by their habit of seeing things in perspective and by the spirit of calculation, that the middle classes are to disappear, leaving only a patriciate and a proletariat, that for the whole of the West, with its 120 million inhabitants, the patriciate is to number 2000 bankers. So he's actually saying that we're going to hand over the government of the world to 2000 super rich financiers. That's his idea.
A highlight from How To Turn Your STRESS Into SUCCESS!
"Welcome to Real Estate Coaching Radio, starring award -winning real estate coaches and number one international bestselling authors, Tim and Julie Harris. This is the number one daily radio show for realtors looking for a no BS, authentic, real time coaching experience. What's really working in today's market, how to generate more leads, make more money, and have more time for what you love in your life. And now your hosts, Tim and Julie Harris. Welcome back. Today we're going to be talking about how to turn your stress into success. Here's a simple fact. All of us, no matter how organized you are, no matter how drilled down your schedule was, no matter how perfect you think you got things going for you, you're going to experience stress. It's normal, but how you react to the stress that you're experiencing, that is something that you can actually control to a great extent, not 100%. So what we're going to do today is we're going to go through, it's going to be a two -part podcast. We're going to go through a system where you can essentially acknowledge your stress. I'm not going to say manage your stress or manage your time, because those things are often unmanageable, and the very prospect of trying to manage either actually causes you more stress. That's true. Which is ironic. But what we're going to do is take you through a process so that you can really turn what mostly is an unconscious reaction to something external into something that you will find that you can derive power from and focus. So get ready to take notes, and as always, all of our notes are available down below in the show description. If you're on iTunes or YouTube or, hey, we're now on, what's that new video platform called? I forget. Anyway. Something new. Something new where videos actually are also living. And all the other, Spotify, Amazon, everywhere. We're on Google Listen and everywhere. So yes, everywhere that the podcast is listened to, you can also find the notes for our show. We oftentimes will put all of the notes that we're using. Notes are all copywritten, of course, but at the end of the day, we want you to feel free to use these when training your own agents or maybe your small brokerage, whatever. This content is designed to help you first, and then hopefully you're going to help others with this information as well. And while there also, there's a lot of links in the show description below, and you can join the premier coaching program. There's information about our eXp Real Estate Group, which you might want to consider joining all kinds of good stuff. So just scroll down and it's all there waiting for you. So Julie, let's roll into your points. Yes. And it is true that one of the most common questions we get from podcast listeners and coaching clients when you guys text us or reach out, it sounds, you know, it comes in different flavors, but it usually sounds something like this. I feel out of control with my time. I'm spending a lot of time chasing after scarce listings from my buyers, negotiating multiple offers on my own listings, and then putting out fires on my pending deals. So how can I get back into control? You're wondering what's okay to stop doing, or you should be wondering what's okay to stop doing, and what must you never drop when you're feeling out of control. There's an old saying that goes like this. If you're not controlling your time, someone or something else always will. So we're going to give you a multiple step plan. It's a little bit of this is mindset, how to control your, how you're thinking about it, and some action steps. So here are things what to get rid of and what to keep. Well, I mean, just reading your description there gave me a little bit of stress, I have to say. Did you do that on purpose, Julie? No. You'll feel better by the end, I promise. I wanted to share with them something, because the thing that actually drove my stress up a little bit when you were talking about not enough listings, guys, in the next few days, we're doing a podcast that is, I think Julie is now, what, 30 different sources? Yes. I'm actually excited. And in a couple of days, we're going to do a one -part podcast, which is all of the different online sources, resources, other than your MLS, to find listings. And there's quite a variety. We're going to talk about farms, land, ranch, commercial, normal residential, vacation properties, foreclosure, everything. But what we're doing is we're actually giving you guys links of where you can go to find homes that are for sale that are not in the MLS. That's the main thing. So the notes already have, I think it's like 25 or 30 different websites, mostly, well, I mean, they're all websites, where you can click on the link and then you can be taken to a list of a source of homes for sale. Again, these are not in the MLS. And these are almost all nationwide, by the way. Right. And we're going to be doing this the next couple of days. So yes, if you are feeling stressed from not having enough inventory, we're going to cure that in the next couple of days, listen to the podcast. All right, Julie. So part one. You got it. All right. So let's see. What to let go of versus what to keep. So let's see part one. Number one, mindset check. Are you really that busy or are you just disorganized? Take a day to get real about what you're actually managing. Sometimes just dedicating a day or even two days to getting a grip is all you actually need. So don't keep telling yourself you're overwhelmed. Instead, your affirmation is that you are surrounded by opportunity. Isn't that more accurate? This is why this is the first step. When you do that first, you'll realize that your state of overwhelm is actually temporary versus allowing it to become a lifestyle. So I don't, I didn't scan your notes, but did you talk to them at all about the brain dump? I didn't. Yes. You can add it right in here. I was thinking this would be a perfect spot. Bonus point. One and a half. That's right. Bonus point. One and a half. So one of the systems that we've used for decades, especially with coaching clients, is when they're feeling overwhelmed. Take a tablet of paper and I don't know why tablets of paper where you're writing it out is more effective than if you're typing it out. Typing it out almost, I don't know, it doesn't stick in your brain as much. So take a tablet of paper. Take like maybe one of those long yellow legal tabs or tablets and then write down everything that's in your brain. Don't stop writing until essentially everything that's in your mind that you think you should be thinking about is completely cleared out and you can do personal and business and go through every single thing. So that's the first cure because what you're going to find out oftentimes is that you're going to start, like you'll write down maybe 10 or 20 different things and then you're writing them down in different versions. Like you're going to say, take in the dry cleaning and then you're going to realize that you wrote that down as the fourth thing and now you're seeing that you write it down as the 18th thing. In other words, what you'll discover is a lot of thoughts that you're having that are feeling like they're, you know, bogging down your ability to think clearly are the same thoughts. In other words, you don't really have that many things that you think you have more going on in your head than you actually do. So when you write all this down, then you're going to look at this list and there's three filters that you run all these things through and it's called do it, delegate it or ditch it. So the things that you absolutely positively must always be doing are going to be the things that fall into the five categories of the things that make you money in real estate, which is proactively generation, you know, obviously prequalifying, presenting a lead follow up, negotiating, those types of things that we teach in premier coaching. Those are the things that you should not be delegating and you have to do it. So the do it category are the things that you absolutely positively should leave on your list. The delegated category are, there's lots of things you could be delegating, lots of things you don't have to be doing. Lots of things that may be frankly under the delegation category are things that maybe not only not don't have to do yourself, but maybe don't need done at all. In other words, you put them on your list, you thought they were important. Somebody told you they were important, maybe even, and guess what? They aren't important. So get rid of them. And then the last one is ditch it and that's where essentially the lot of the things in your second, you know, the delegated part, they're going to go to the ditch it category and just completely remove them from your list. Or another thing to do is if there's longer term projects or things you wanted to be doing, write them on a completely separate list and then segment your list. But the most important thing is if you want to really get control, and this is a good, this is a really, at the end of the day, this is a mindset point, but if you really want to clear your brain and start feeling a resemblance of control, I did, did this just the other day. Honestly, I had a big, uh, to do list and it was, um, I keep lists. I'm a list guy. I know a lot of people have different systems for it, but lists work for me because I derive immense pleasure crossing them out. Yes, it is very satisfying. That's why it's very cathartic to take a damn thing is bought in that damn list and getting rid of it. Bye bye. That's right. I enjoy that. So that's my payoff. But there's a system. So do a delegated or ditch it, but start out by doing what we call a brain dump and write everything down and then go through it. And then you'll start seeing after you actually write everything on a piece of paper, you will feel better. You will feel some sort of a cloud will lift. It will. It really will. Then you look at all the things are floating around your head and like I said, remove the duplicates first because a lot of them will be duplicates and then go for a do it delegated or ditch it and then you know, move forward. That's a simple system. Well, that's a perfect 0 .1 and a half because remember we started by saying, are you really that busy? Are you just a bit disorganized? Maybe your mind is feeling disorganized because you haven't written it down and done the brain dump, right? So that goes hand in hand. And speaking of the do it part of the do it, ditch it or delegate it. Point number two, proactively generation cannot stop. This is the first thing that agents drop when they get even a tiny bit busy. You must actively pursue new qualified appointments every single work day. And it is the most important action that you take daily, whether you have a, whether you have pending transactions or not, whether you have active listings or not, always on every call, whether it's a home inspector or lender, a past client or a pending ask, you guys should know it by now, whom do you know who could use my help buying or selling real estate or Tim's version, which I like even better. What two or three people do you know who could use my help buying or selling real estate? So make the commitment to a minimum standard of contacts every work day, even when you're feeling busy, refer to our previous podcasts about how to list and sell the homes that you need to sell your magic number as well as lead generation from best to worst. We've done so much work on this with you guys on previous podcasts and in premier coaching. So I'm going to actually, I'm going to reinforce all your points, but I'm also going to give these guys a bit of a relief valve. I have coached people who are just for some reason wired to be disorganized. They're wired to basically be Liberty Gibbets bouncing here, bouncing there. That's just how they are. But then yet they're very successful. And why are they very successful? Because they always lean back into the things that are going to make them money. And oftentimes they have really vibrant personalities and people like them, despite the fact that they're wearing shoes that don't match and you know, things like that. All right. So how do, what's the solution when you're coaching somebody like that? The solution is not trying to find them a solution. The solution is just making sure they do to the three to five things every single day that they should be doing at a high level and then holding them accountable as three to five things and then giving them permission to be whatever the hell they want to do with their time the rest of the day. In other words, they can't, it's too much emotional stress for them to be held to a schedule for more than maybe two or three hours a day at, you know, in other words, they can only really, let's air quote here, time block two or three hours a day. So what are the things they should be doing in those two or three hours? And Julie and I talk about this on the podcast all the time, but obviously Julie's pointing about proactive lead generation. We want to talk about, you know, if you had a listing appointment, presenting, negotiating, all those types of things we teach in the coaching program. But really guys, if you really want to know how to really feel long -term control of your day, your day should come down to having mastered the art and science of really doing only three to five things every day. And those things are, in our opinion, now you can modify, but this is sort of a holistic approach to this, right? You need to be making your self -determined number of contacts per day as determined by your real estate treasure map, which we give you in the first level of Premier Coaching. So whatever your number of contacts per day, you need to be making those per day. You need to be having done all your lead follow up by the end of the day. I'm giving you a whole bunch and you guys choose which ones. Ideally, when you are very, you know, essentially advanced as a proactive lead generator, you should be setting one pre -qualified listing appointment per day. Julie and I are huge advocates of doing some sort of physical workout routine every single day, taking some kind of supplements every single day, showing overt gratitude. You know, I love you Julie, I love you Tim. You know, showing overt gratitude to the people that mean the most to you every single day. If you just basically write down the things that you have to do every single day, the accumulative effect of doing those things every single day will pay off in ways that you can't even understand. It's a multiplication effect. There's a compounding of duplicating those efforts. The obvious one being is that if you're working out and you're, you know, hopefully taking care of what you eat, you're going to see, not right away, but over time, your energy level increases, your physicality increases, same goes with making contacts. But the key to making this work is do those same things every single day and then often will come down to doing what you don't want to do when you don't want to do it at the highest level, which by the way, is the founding principle of our coaching program, but also of anyone I've ever met in life who's successful at any level. They knew that they had to do what they didn't want to do when they didn't want to do it at the highest level over long periods of time. And that's what we're prescribing to all of you guys as well, because it does pay off. So really, if you're wanting to get in control, but you're absolutely one of these people that can't be in control as your coach, I give you permission not to be in control for anything other than those two or three hours, ideally in the morning, because when you get those three to five things done every single day, even if the rest of the day is like a, you know, high speed roller coaster, it does not matter because you did the most important things. Well, that's right. That's the most important thing that you said is what you do with those two to three hours is what's critical. What you're not doing is giving them permission to just say, well, I'm just a disorganized person or go on Instagram or make a bunch of TikTok videos or do a bunch of passive lead generation or go on Facebook and take a bunch of surveys. All this silliness that doesn't lead to anything. That stuff doesn't count. Okay. So we're talking about what to keep and what to ditch. Point number three, deadlines cannot be ignored or procrastinated. You can lose a deal by losing track of time or having misunderstandings with the other side. So remember that people scan through DocuSign without really realizing what they're signing or remembering it or being able to even find it again. You can't be part of that. So use a transaction coordinator if that's getting out of control or if you're your transaction coordinator, you have to be careful with your earnest money deposits, contingency releases, inspection dates. Don't let those fall behind just because you're behind. Get clarity and or get help. And I'll tell you what one of my coaching clients does is when she does new transactions. Yes, of course, that's all in DocuSign and transaction management and transaction coordinators and all that. But in also her alarms, in her phone, she gives herself two or three day warnings. There's a contingency coming up. You've got to release that so that even if she's really super busy showing houses, maybe she's got somebody coming into town and it's a really intense appointment weekend. The alarm is going to save her butt. So that's just a backup plan. There's lots of different things that you can do. But this is one thing that you really can't blow off because it could cost you a deal. Well, I'll give you some exciting news. I know because you and I are investing some frankly, some money and time into developing some A .I. bots and apps for our different businesses, that there are absolutely people that are developing A .I. right now to work directly with the major CRM or transaction management platforms. So agents are going to be able to have an A .I. bot that's essentially going to act as a real live admin who's going to oversee the entire process. It's amazing. And ChatGPT4 and Bard and all these others, this week, ChatGPT4 is releasing a version for their paid users where essentially it's going to start using voice. So remember we were talking about on the podcast yesterday about all this? Well, the technology is here. So you're going to start having a voice. In other words, it's a real human voice. It does not sound like an old fashioned answering machine. That's good. And you know, I just laughed at myself because how many people? They don't know what an answering machine is. Right. Anyway, so back to 2023 or 2024 when you're listening. So the moral of the story is that there are going to be massive advancements in this A .I. technology that's going to make your lives a lot easier, which will give you a lot more room and time to spend on the things that matter most. That's assuming that you know what those things are and you actually know how to do them. That's what coaching is all about. And yeah, a lot of this technology is going to be coming through. I shouldn't maybe necessarily say this, but I know eXp Realty is working on developing a lot of these A .I. bots. Glenn Sanford is unbelievably intelligent about creating these technologies that streamline a lot of agent processes. And really, there's no downside. The experience is better from the customer's perspective, the agent's perspective, the broker's perspective. So all that's coming to a brokerage near you, assuming you're with Juli and I at eXp Realty. There you are. All right, now our final point for today is maybe one of my favorite points in terms of getting agents and brokers really organized and giving you peace. And that is point number four today, keeping your visual accountability, your whiteboards updated. You can't ignore that. You can't put it off, update it every day. In order to know if you are on track ahead or behind, keep that updated. Don't ignore your boards just because you feel like you're currently on track or ahead or hide out from them if you feel like you're behind. Not tracking your business is what will make you behind in a matter of days or weeks. Now, there's a rule in aviation called the one in 60 rule. When a plane veers off its course by just one degree, it misses its target destination by one mile for every 60 miles it's flown. Isn't that interesting, right? It is. You think it's just one degree. What's the big deal? I can find the airport, but maybe it's not the airport you were looking for. You're the plane. Stay on course. Visual is accountability the dashboard of your business. I have to say, Tim, I know you've had this experience too. Once agents start really embracing the visual accountability, and yes, we know you've got all this kept track of in a spreadsheet or your broker tracks it or whatever. We're talking about in your office on whiteboards in front of you. It works because it is visual. They'll say, oh, my gosh, I just feel so much more peaceful knowing and seeing I've got this many listing leads. I've got this many active listings. I've got this many pending, and I've got that many closed, which means I'm exactly three deals ahead of where I should be based on my treasure map. A lot of the stress in real estate really in life is just not knowing stuff, right? Not knowing about your finances, not knowing about what's going on inside your contracts, not knowing whether you're on track ahead or behind. It will give you peace to know. Well, the dry erase boards are the reason that obviously we know about all the technologies and all the widgets that give you creative dashboards that show you all your key performance indicators and all those things. We use those things in our business as well, but it's what Julie just said. The problem with all that technology is that you can hide from it, and it hides from you. A dry erase board, especially a large dominant one, and I was thinking when you were talking how when somebody, we get Premier Coaching clients, they'll post pictures of these big -ass dry erase boards, and they'll put them up on their walls. I'm talking about the monster ones, and that's the only way to do it because it doesn't leave any typically room for anything else on the wall. Tell them what the dry erase board should be because not everybody is a coaching client. Yes, well, they should be, and we'll tell them about that in a minute. What should you track? I like to think of it chronologically, right? Every transaction that becomes a closing starts as a lead, so you track your especially listing leads. Right. I'm looking at my wall. I want to know what the dry erase boards are. That's what I'm saying. I want to know which of them are. Okay. The first dry erase board is? Leads because everything starts as a lead. Okay. Then it becomes a listing. That's the second board is active listings. Okay. Then the last one is closings. You have one in between, pendings, and then you have closed. If your goal is to close 24 transactions, your closed board will be one through 24. As they travel through your boards, they land on the closed board, and you can see, are you on deal number three? Are you on deal number five? Where are you versus where you should be? On the closed board, sellers are in red, buyers are in blue. The other thing you can also do, and this is really fine tuning all of the accountability you have for yourself, is write down on the closed board what the price was and what the commission was, and then also really drill down on what the source of the lead was. We've talked for literally thousands of hours on this podcast of the importance of never just going by how the lead actually showed up in your life. You're going to need to ask secondary and sometimes third. What would be it? Cursary? Tertiary. Tertiary. That's right. That same question more than once. You need to ask them, who originally referred you to me? Where did you originally find me? How do we connect it? The story that Julie and I tell that seems to work is we were in our office when we were selling real estate, and one of our chief transaction coordinators was this gal named Kelly. Kelly was using a prequalification seller form, so she had at her desk buyer prequalification for him and seller prequalification for him. So Julie and I were in our office, and she was doing the seller prequalification, and one of the questions was halfway through the script was basically, so why did you decide to call Tim and Julie out for the job of selling your home? I think that was the question. And she wrote down the answer, but she didn't listen to herself ask the question, and she didn't watch herself write down the answer. So she asked the question two times in a row, and the first way that they answered it was like a sign or whatever. And then she asked the same exact question, and then they answered it, and we watched as they wrote down that it was a referral from so -and -so. And so that was the real tip -off that if you don't ask for what like drill down and really dig into where they're or why they're contacting you, you're going to make the mistake of assuming that they basically are contacting you because of Facebook. Because what happens is that you're at Orange Theory, somebody asked you for a referral for a roofer. You're going to say, Jack's roofing, I don't necessarily have his phone number, my phone's in my car, whatever it is. But the person you're going to talk to remembers Jack's roofing in, say, Georgetown, Texas. So they're going to go and they're going to drop into Google, Jack's roofing, Georgetown, Texas. So the first thing that's going to come up is Jack's Facebook business page, let's say, or Instagram or whatever the hell it's going to be. And then you're going to message them through that app, and then Jack's going to get the message from Facebook that you are interested in having your roof fixed. All the while, Jack's going to then assume, hey, my Facebook campaign is working, you know? Of course. Look, I'm going to post more pictures of my lunch every single day, evidently that's generating business for me. Right. All the while, the real reason that Jack got that lead was because it was a referral from somebody you knew at the gym. You guys get the point? So if you're not asking those real drill down questions, you're really going to lose contact with the source of your business. You're not going to realize how much of your business comes from the things that don't cost any money, signs, for example, centers of influence and past clients, for example. People you maybe like, they could be somebody that an old neighbor, oh, you don't even know. You're going to have to ask. And that's what you'll self -discover, what Julie and I have been coaching all you guys for decades, is the percent of business comes from any kind of marketing and advertising is typically less than 10 % because most everyone chooses who they're going to use as a real estate professional, like 90 % based on the things we coach you guys to do, which cost you no money, which aren't anything to do with marketing, branding, and advertising. Don't misunderstand what I'm saying. Back to the roofing example, had Jack the roofer not had a business Facebook page and that person had gone to Google and tried to search for him, he may not have ever found Jack's phone number to actually make the, you know, to get in contact, right? So it's important that you have a presence online, but you've got to see it for what it is.
A highlight from Ron Hammond Interview - Crypto Regulation News! SEC Gary Gensler Hearing, FTX Trial, Crypto Bills, Coinbase, Stablecoin Regulation
"Last time he spoke in front of the House Finance Service Committee, he kept saying multiple times, we have not lost a court case on crypto at all. We have brought several actions. And again, remind you, they call settlements wins. And so in their case, they were. They had won every single court case. But now that talking point is really faded because, as you mentioned, the Ripple's case, the Grayscale case, there's also ones like the Coinbase suit going on right now. This content is brought to you by Link2, which makes private equity investment easy. Link2 is a great platform that allows you to get equity in companies before they go public, before they do an IPO. Within their portfolio includes crypto companies, AI companies, and fintech companies. Some of the crypto companies you may recognize include Circle, Ripple, Chainalysis, Ledger, Dapper Labs, and many more. If you'd like to learn more about Link2, please visit the link in the description. Welcome back to the Thinking Crypto podcast, your home for cryptocurrency news and interviews. With me today is Ron Hammond, who's director of government relations at the Blockchain Association. Ron, great to have you back on. Thanks for having me. Always a pleasure. Ron, it's going to be a busy week. It's already a busy week here in DC. Tomorrow is, of course, the hearing with chairman of the SEC, Gary Gensler. Tell us about that and what can we expect. Definitely. For those who may not know, Gary Gensler, the chair of the SEC, is going to be testifying in front of the House Financial Services Committee for the second time this year. That's a really big deal because, to remind you, last year, they barely saw him at all in that committee when the Democrats had control. But if the Republicans can control, they want to exercise oversight of the SEC as much as possible. And again, it's pretty typical, though, for the opposite party to try to put the screws on to the party that has the White House. But in this case, a lot has happened, both in crypto, but also just generally, that it's going to get a lot of flack for Gary Gensler, whether it be on private funds, ESG. And again, crypto will definitely come up a lot after talking to several folks on the House side. He recently testified, though, in front of Senate Banking two weeks ago, and we didn't get too much out of that candidly. We saw a couple of questions from Senator Hagerty from Tennessee on the issues of promethium, for example, and Bitcoin ETF. We also saw some questions from Senator Lummis on SAB 121, which is more crypto accounting standards, and how do you custody actual crypto for banks. So I think we're going to see a lot more hard -hitting points from the House, especially on the Republican side. But I'd also like to caveat, as well, that the shutdown approaching, a lot of Democrats are going to use their time to hit the Republicans. It's just standard politics here. The Republicans are the ones in the House that are really slowing things down, unfortunately, when it comes to funding the government. So Democrat, any for the most part, is going to utilize their five minutes to not really talk about Gary Gensler, but talk about the Republicans shutting down the government. Because again, that's a major, major thing here. As much as crypto is big for us, the macro of all of the shutdown has a lot of implications. So we won't see crypto come up too much, but after talking to a couple offices, it does seem like we're going to have some definitely hard -hitting questions, very similar to what we saw earlier this year in the House. Yeah, and to your point of, you know, things have certainly changed since the last time he appeared, because you had the Ripple lawsuit decision, you had the Grayscale decision, where Grayscale won that, Ripple won a big chunk of theirs as well. And the Prometheum details are more about what Prometheum is and what they're up to. So do you think there's going to be some hard -hitting questions around that, those cases and those things that happened? Definitely. So if you recall, last time he spoke in front of the House Financial Services Committee, he kept saying multiple times, we have not lost a court case on crypto at all. We have brought several actions. And again, remind you, they call settlements wins. And so in their case, they were. They had won every single court case. But now that talking point is really faded because, as you mentioned, the Ripple case, the Grayscale case, there's also ones like the Coinbase suit going on right now. That's got a lot more attention. Actually, it looks a lot better for Coinbase post those decisions. And so he can't rely back on the courts here or say that, hey, look, I'm winning in all these court cases. And actually, especially in the Grayscale case, he lost 3 -0. And two of those judges were Democrat appointees and they're based here in D .C. And so I think that having that set the tone of like, look, you are really overextending here and you're losing in the courts, not by a small margin, by unanimous margin sometimes. And it's just not crypto. You are pushing the balance elsewhere where other industries like ESG or like private equity are seeing these wins and saying, you know what? I think we're going to actually have a chance to win against the SC as well. So like the ETF situation where crypto really just goes out ahead and fights a lot of these fires for more traditional finance. And then those folks kind of benefit from crypto's push. I think we're seeing some of that happening now with the Grayscale case and Ripple case and Coinbase case empowering other industries who feel like they are also having overreach from the SEC saying, you know what? I think we have actually a case here when we can actually win the courts. So I think it's going to be a major theme of this hearing going forward. But also there's going to be several other questions to your point about Prometheum. That was a major issue for that committee, which had Erin Caplan in front of that committee just a couple of months ago. And they reiterate all the talking points, securities laws are clear. The SEC gave us a way to work forward and move things forward. But that argument really fell apart pretty quickly. And we're seeing that in this case, that the Prometheum line that there is a pathway forward registration, there is a way to comply, just doesn't hold water. And so I'm pretty sure we'll see some members of Congress tighten the screws a little bit there because it's been really more of a black box, the SEC, of how this process went. Caplan just kept saying that we actually kept working the SEC and they were clear, but that has yet to even show itself. So I think there'll be a major other theme for this hearing as well. Now you mentioned Coinbase and everyone's looking at that lawsuit. There was also news reported, I think you mentioned it, where Coinbase CEO Brian Armstrong will be on the Hill. They've also launched an education campaign around crypto. Tell us about that. Yeah, Coinbase has been a godsend, candidly. Again, we used to have only about five or six lobbyists during the infrastructure fight. And again, we're going up against the banks who have over 150 plus lobbyists. We have going against other agencies or other groups that have way more funding. But Coinbase really has stepped up and said, look, the fights here in DC, we are committed to the United States and we're committed to resources here in the United States and DC to educate Congress, to educate regulators, and to showcase in DC why crypto is important for the future of the United States. And so they're having a huge Hill day tomorrow, actually. Again, it lines up not on purpose at all with Kerry Gensler testifying and of course also the shutdown too. But they're going to be having a whole set of presentations for Hill staff and members of Congress to learn from founders. It's not just Coinbase itself. They're also bringing in other founders from other companies and having a whole demo day, a Hill day, you can say, to educate various offices. And so I think it's really important to have. We're all seeing a lot of other folks from the industry come down. So it's going to be quite the crypto week here in DC. Of course, bad timing with the shutdown, but no one can really plan it like that. So we're really excited to see how that plays out, especially with all the heat recently more moving to AI in terms of interest, but also scrutiny. I think it's good to have more adults in the room and say, hey, look, crypto was the AI about one or two years ago. We're still here. We're fighting a lot of big battles. We need Congress's help to move the needle. But at the same time, let's show you why this is important and why this technology needs to be in America and not be based elsewhere. Because unfortunately, we're seeing a lot of folks migrate over to London, migrate over to the EU. And Coinbase is really taking a strategic stand saying, we're here to stay. We're here to comply with the rules, but we also need some action from Congress. So we'll see how that goes. Sure. Yeah, that's really great that they're doing that. And education advocacy are certainly key. And speaking of legislation and regulations, obviously, we had the market structure bill get marked up in the house. You also have the stable coin bill. What's the latest with those and the next steps? I know the shutdown is probably delaying a lot of things. What are the latest on those items? Yeah, so we were kind of expecting by October timeframe to have a vote on the stable coin bill and the market structure bill. There are other crypto bills as well that passed out of the house financial service committee, but those are the two main big ones. And so the plan was, hopefully, was after this whole shutdown drama that we would have a vote probably in October, but it's looking more like November now. And again, our message to folks is the closer we get to that 2024 election, we're almost a year out, all of a sudden, all bipartisan politics goes away and folks start retreating back to their bases. And it's my team versus your team. And that's when everything grinds to a halt in DC. We're already seeing that right now a little bit with the shutdown where folks are saying it's my team versus your team, but the Republicans are a lot more splintered on their teams. And so we want to make sure that we get these bills pushed out of the house on a good bipartisan basis and then showcase to the Senate why it's important to take up this legislation. Now, there are been some rumors going around recently. Again, Politico report on it, Punchbowl report on it recently, too, that Patrick Henry gave an interview saying, look, the Senate Bank Committee, my Senate counterpart, they're doing completely different things than we're doing in the house. We're focusing on crypto and capital formation and data privacy. They're more focused on marijuana banking, exec compensation, and banking regs. So we are in two different camps on two major different issues. But if we were able to make a trade of some sort, the priorities that Sherrod Brown, who's running for reelection in deep red Ohio, who's going to need all the help he can get, would at least his case to voters saying, look, I'm actually working on this committee that traditionally has not passed that many bills. Mind you, again, they haven't passed a bill, except for this year, for four years before that. And that's during his time as well as Republicans in the chair time. It's crazy. And so in order for this to move the needle, they have to have a trade. And I think that's what's really important to say. If this trade were to happen, a lot does have to happen. But this does provide a pathway potentially for crypto legislation to move forward to the president's desk. Again, a lot has to happen. A lot can mess this up. But this isn't one of the first few times we're seeing kind of a light at the end of the tunnel. And we're really excited by it now again. But we have to have a lot of education because the Senate has not really given too much thought to this issue besides a couple handful of really powerful champions. Yeah, boy, fingers crossed, toes crossed, everything, hoping they can get something through the House and then we can go through the Senate. Boy, I'm hoping something happens by early next year before the madness of the election cycle. Now, there's also the trial for Sam Beckman Fried and the whole FTX debacle. In addition, there's been new updates around Sam Beckman Fried's parents and how money was moved to his aunt and Stanford University and much more. What do you expect to happen in October with this trial? So the main issue that we're going to have here in D .C. is just the noise. A lot of people are going to be talking about the SPF trial. It does have a huge media attention, for better or for worse. And again, we've really at least made sure we tell folks in D .C., again, this is not a crypto problem. This is a complete scammer just using newer technology. But guess what? Same old playbook as we've seen with Madoff and others. But there is concern that there are, at least in the case of the House, for example, we're voting on these big bills. FTX came up as a reason to support the bill, as a reason also to oppose the bill. Some folks say, look, there's no coming of a customer funds. That's what FTX did. And this bill bans that. On the other end, they're saying, you know, well, this legitimizes the crypto market. So this could potentially make more FTXs come up down the road. And so we've seen FTX kind of being pulled in two different directions when it comes to supporting or opposing legislation. And so our concern is the 300 plus members of Congress who have not sat in a crypto hearing who may not even know what Bitcoin or Ethereum is, are they going to listen to the headlines and say, look, actually, SPF is all crypto, which we all know it's not the case. Or they're going to say, SPF did this fraud. That's why we need to pass legislation to make sure this doesn't happen again. And so we're trying to really thread that needle. Of course, you know, we still know everything is going to come out through the trial. There could be some regulatory implications. Again, the campaign donations is a major factor and a major reason why a lot of folks in Congress are a lot more put back by crypto and kind of staying away on the sidelines because they don't get burned again. But as we're seeing kind of recently with the indictment with Senator Menendez recently from New Jersey, some members of the Senate took money from his PAC. And so there's a lot of, you know, just it doesn't matter if you're in crypto, doesn't matter if you're a Singh Senator, there's a lot of issues when it comes to campaign financing as a whole. And a lot of folks are on their toes here. But I think, you know, we want to make sure that we showcase it. Folks, SPF kind of went abroad and tried to really railroad the industry here in D .C. by trying to screw DeFi with his legislation and trying to protect his fraud and scam. Let's make sure it doesn't happen again. Let's put some rules on the road because, yes, SEC is not providing that right now. They haven't for years. And so it's time for Congress to act. So we'll see how that makes the dynamics. I'm sure, again, there'll be a lot of D .C. ties and connections with that court case. So if there's anything damning, we'll soon find out. But our hope is that this actually encourages Congress to act rather than sit on the sidelines saying, no, we're good. Crypto is kind of all SPF, FTX. And what do you think about the dynamic of and I don't know if this is going to be discussed in the trial at all, but Sam Beckman Fried and FTX officials met with the SEC many times. These are confirmed things on the calendar. I believe Sam met with Gary Gensler, according to some calendar updates. Does that play a factor at all? Because obviously we don't know what was discussed and what was the agenda items. But would that bring any pressure on Gary Gensler? Like you met with this guy. Yeah. He said in the New York Times article back in December that he met with SPF, I think it was twice actually, SPF and Gensler personally. But again, also remind you, it's a big organization. SPF was in D .C., more than any CEO in any industry I've seen in my time in D .C. But at the same front, staff meet all the time too. I mean, it wasn't just SPF. He had a whole team of staff that helped out on this front, both at the CFTC, at the SEC and of course with Congress as well. And so Gensler said again explicitly that he met with SPF twice. But I think it'd be good to know, look, how many times does your staff interact? How long do those conversations go? What do they lead to? Because there were some rumors swirling around that FTX is going to get a pass of sorts. And again, those are rumors. We have not had confirmation of that. But the one thing about the court case is that it's going to bring all this to light. So if there's anyone that's saying anything half -truths here or they're trying to protect their character or protect their image, it could really bite them if they have been lying to the press or they've been getting half -truths here. And so if I were to chair Gensler, this likely will come up in tomorrow's hearing. The question is like, look, it's going to come out. The truth will come out. We just want to make sure you're shored up here because it's going to be really bad for you on top of all the other things that have been happening in the courts if you've been caught potentially lying here. And again, I don't see any reason why he would in this situation, but I think the focus should be also not just on SPF and Garrett Gensler, but where do the staffs and the senior level execs and regulators also meet from FTX and the SEC? Hmm. I'm very curious to get those details. Now, speaking of FTX, obviously with the relation with Binance, and I forgot to ask you this earlier, the judge recently said it blocked the SEC from conducting further discovery, if I'm not mistaken, with Binance US. Have you heard anything about that? Not as much, at least in the DC front, but at least when it comes to the Binance situation as a whole, there's still that looming DOJ investigation that a lot of folks in DC are waiting for that shoe to drop. Again, there's various rumors of why that DOJ lawsuit hasn't dropped. There have been confirmation reports of central sanction evasion violations, as well as money laundering violations by Binance and the parent company, not Binance US to my knowledge, but Binance. What is the relationship though between Binance US and Binance? Is that there much cohesion there or is there actually a pretty separate line between those two entities? So one thing's for sure though, a lot of folks in DC or in the early of 2023 are hearing a lot more from Binance. They were definitely hitting DC a lot more, trying to get their narrative out. And I think the mounting allegations are pretty damning. And we've seen a lot of folks who were in DC for Binance trying to deliver that message. They're not here anymore. It was a very short stint for them. So whether that be for the company having financial problems, whether it be more of the regulatory issues, that's unclear at the moment. I would lean more to the regulatory issues, but I think it's all going to come more to light as time goes on, but it's pretty bad. So we'll see exactly how Binance recovers from this, if at all. But at least here in DC, the folks that they had speaking, they largely aren't here anymore. Wow. And final item here, obviously you got the Gensler hearing tomorrow with the House Financial Services Committee. Is there any other major hearings for the remainder of the year that we should be aware of? Not at the moment, at least in terms of big ones. We are seeing some small hearings, rumors coming up right now for more of Senate banking. Again, if they do consider crypto legislation, they've only had one major crypto hearing so far this year, whereas the House has had over 13. But again, like I mentioned earlier, that's just two separate priorities for two separate chairs. But if this trade were to happen, I think I'd just keep an eye on Senate banking. They just had their first AI hearing last week. And as they kind of get more into the AI issues and tech issues in finance, that's going to eventually loop in crypto more and more. So I think we'll keep an eye on Senate banking. And then finally, if we are looking for those votes happening on the House floor for the stablecoin bill, as well as the market structure bill, I probably keep a little eye on the House as well. I guess I think lastly, I'll say now, too, is tax issues. We've been talking a lot about securities law, commodities law for quite some time. But tax issues are really percolating to the surface here. Senate Finance, which is Ron Wyden, who's a big champion for crypto, Democrat side, as well as Mike Crapo from Idaho, they actually put a request out to the industry and another stakeholder saying, look, what does taxation for crypto look like? Please help us. Who should be reporting 1099s? Who should be doing various filings and such? So that's just a request ended in early September. And so we potentially could see some action or at least some legislative hearings on what does crypto taxation look like. And I think it's a very important issue with the broker definition coming out from Treasury. There's a lot of comments going through that system right now. So we'll see where that lines up by keeping an eye on tax issues. That's going to be a major fight for quite some time. And I think it's going to be really important. It's a little nitty gritty, but it's very important for any business to operate in the United States. Yeah, absolutely. That's a big one. And I know there's been some other things happening. I think the FASB rule and with corporations being able to hold Bitcoin and things like that on their balance sheet, I believe there were some updates there. Don't have the full details, but there's certainly a need for further clarity and for individuals and institutions. Ron, always great information, man. Thank you so much. Happy to help. Thanks for having me.
A highlight from "Shanghai makes moves to boost blockchain adoption." Sep 27, 2023
A highlight from #463 BREAKING: Bitcoin ETF delayed!! What happens NEXT??
"Welcome to The Crypto Show, your podcast for everything around crypto, blockchain, bitcoin and more. Here is your host, international blockchain expert, serial entrepreneur and investor, Dr. Julian Hasp. The SEC just delayed the bitcoin spot ETF. And in today's video, I want to talk to you about what does this mean for my course of action. Does this mean that I think crypto is going to crash now? Am I going to sell? Am I going to buy? I'm going to talk about where do I think the bitcoin price is going to go. I'll talk about Ethereum because it may be some interesting alternatives. This and much more in today's video. So drop in. I hope you're having a good week. The week from a new standpoint, well, on the one hand was expected, but on the other hand, always a bit disappointing. The SEC came out and delayed the ETFs early. And so obviously the first question is, why did they delay it so early? They could have done this way later. Now, we don't exactly know, but one speculation is that this is because of the government potential government shutdown in the US. It seems that there's another standoff between Democrats and Republicans on the budget and on approval. Actually, it's a funny process in the US always where on the one hand, you need to approve the budget. And then on top of that, you need to approve raising the debt limit, which is weird because you already approved the budget. So this is a bit of a weird kind of move, but so that's just how it is. So for whatever, 70 years time or something, the US needs to increase their debt ceiling. And obviously with that comes that risk that for a certain period of time, some governmental institutions are not functioning. And so that's maybe why the SEC pushed the timelines back. And so right now, all these timelines get pushed to the 10th of January, 2024. Now, this is a deadline. So that means just like right now, they can obviously either approve or delay or do things earlier. Now, a key thing on this is ARK is the only one that cannot get further delayed. So on ARK, we're going to have a final yes or no by January 10th. And obviously, if this doesn't get approved by then, this will be quite a shocking signal because the applications are kind of all similar. And the assumption is more that the SEC is just buying itself some time and is then going to batch approve all of them at the same time. And then there's a trading start a little bit after that. So timeline that for the Bitcoin Spot ETF to start trading in Q1 next year, in my opinion, is actually relatively high now. I talked about a 60 % chance in the past. I would probably increase this now to a 70 -75 % chance simply the way this is all handled. On top of that, members of Congress, and this is a bipartisan request, asked the SEC to approve a Bitcoin Spot ETF and to stop discriminating the currency industry. Now, the market kind of sees Solvay chilled. Normally, in the past, the market has been very volatile when such news came out. So far, there wasn't much movement. Maybe it's still going to come. But I would actually be surprised if there is some volatility for a very simple reason, namely that the market is really kind of expecting this. I had said this several times that I'm not expecting an ETF approval this year. I'm really expecting it more next year. And so not much surprise. I think very straightforward so far. Everything according to plan, at least in my kind of book. Now, what does this mean now for investments? What does this mean for prices? Well, in general, I think at the moment, Bitcoin really has only one thing going for it, and it's that Bitcoin Spot ETF. Now, we can discuss and debate how much the Bitcoin Spot ETF actually fundamentally adds in value. I'm probably a bit more on the skeptical side of that, but it's definitely going to add hype. So short -term, as you know, short -term prices are driven by emotions. And so, in my opinion, it's a very attractive bet to make. Now, the question is, what's going to happen once it is approved? Then are we going to see a buy a rumor, sell a news event? Could be. It could be that I actually trade that thing. So let's see. But right now, I think it's an interesting bet to bet on the Bitcoin Spot ETF getting approved in or by January and then start trading in Q1. Obviously, this is a real personal bet. What you have to do really depends on your own belief structures, financial capabilities, and so on. But this could be an interesting one. Now, if you want to play this, the way you would do this is you can either buy a lump sum of Bitcoin right now. This is always a bit risky because that means your market timing. Generally, it's easier if you're buying trenches or your dollar cost average or you do recurring buys.
"actions" Discussed on The Financial Guys
"Oh, well, you can charge in 15 minutes. You can charge in 30 minutes. Your battery only charges up to 80%. I know we work with numbers, but I'm going to guess there's a 20% efficiency for a full charge. So that means, oh wait, you got to stop yet again to charge up. That is not for free. Now, with what they're talking about in California, you're going to get up in the morning and you got to go to work. Oh wait, my car's not charged. It's at 0%, even though I plugged it in. Right. So here I call Mike and Glen. But your neighbor's good. But and their lies. You correct, but oh wait, I can't get to work, guys. Well, we need you in. Right. But my car's not charged. Right. Here's a government. We don't give a shit. No. They're locking you down yet again. Without basically saying it's 15 days to flatten the curve. It's like we know it doesn't work. They know it doesn't work. Everything they touch turns to shit. Donald Trump called it. One thing we've touched turns to crap. It doesn't matter what it is. It's all a grift. It was the pharmaceutical grift. Now it's this, we need to save the environment, Chris. It's really truly amazing. Their track record is astonishing. I mean, it's almost the opposite of the Patriots. For 20 years, the Patriots just, we just assumed they were going to win. Brady was going to figure out a way they were going to win. Everything the Democrats touch turns to shit. Trump called it. It's real obvious. Pick a school district? Pick anything. Pick anything. But even like with their tax credit with the electric vehicles, you're like, remember, it's got to fit the criteria that it was made in America and it was X amount of parts and minerals that are coming from America. Yeah, that's any car. They don't fit that Bill. So that tax credit you were thinking you were going to get mainstream media forgot that part of it though. It's unreal. You want to wrap it up, Glen? Yeah, let's wrap it up. Let me just I'm trying to find that I work. I can't find it, but I'll save it for tomorrow. For the radio show for Saturday. Yeah, I'll try to get that. It was so ridiculous though. It was like the assumptions that were made as if this was going to be the panacea is just such a joke. I mean, the fact is that's the way they do it. We're always going to say California. You have 20% of the population living on the streets. You mean to tell me a 100% I'm going to have teslas and be able to take them into their home. These people, the result of that will be 20 5% living on the streets and also here's the positive. Continue to say this, folks, we are shifting geographically and that is a good thing. Florida now has more power in a federal election than New York State. Think about that. That's a big deal, right? It is, but hopefully they don't take their shitty voting. No, they're not. I'm not saying, but it's like Florida. No, but that's a great point because here's what it's funny. Floridians say that. They'll say, you're sending New Yorkers. Don't fuck it up. And I'll say, you know what? You should be thanking me because the New Yorkers were sending you are actually more conservative than you. What do you mean?
"actions" Discussed on The Financial Guys
"I don't have to. Favorite question. I'm curious if you are watching the RNC and if you had a response to your ex-wife, who said in prime time the other night, the California is land of discarded heroin needles and parks, riots and streets and blackouts and homes. So she nailed it. But let me first acknowledge that I appreciate you saying landing yourself on the grenade. And let me just extend appreciation for your effort to get my response and I respectfully defer to the next question. Yes. If you're a Republican, you say you're not going to answer a question, they're going to take that and run with it. Much easier answer though to have. You got the answer would have been. She's my ex-wife. What do you think she's going to say? I know what I mean. She was spotted. And she spotted me. He knows that he knows what he knows. They've turned every one of those locations and disgusting crap holes is what they've turned them into. Who sent me that latest thing? Who was that? Somebody just sent me something yesterday about how they're now going to Mike, because of electric cars, it's going to save the California electrical grid. Do you see this? Did you see me? Oh my God. Can you explain this principle? You want to talk about mental midgets. You want to talk about intellectually bankrupt, explain the principle here, because what they were also going was that the solar panels that if you put one on your house. So you're going to say, all right, I'm going to go electric. I'm going to get off the grid. I'm going to charge my car that doesn't do a goddamn thing to save the planet. Before I go on that tirade, but now what they want to do is they're going to, they claim that it's going to save the grid. But they're also going to start charging you so as you put those things on your house to obviously not pay a power or electric bill, they're going to charge you a surcharge. To funnel your energy back into the grid. Yeah, then they'll control you. Oh, your house is using too much energy. That they talked about. Maybe it wasn't understanding, but there was another one I read where they literally pack review or something. But the talking about how because of it once they get now that now that the state has gone to no new gas powered vehicles by 2035, in 2035, the assumption is everybody will have a gas powered vehicle. There's problem number one with the assumption. That's right. The second assumption is, is that during the peak times from, let's say, four to 6 when people get home, what people will do, Mike, is no voluntarily plug their battery car into the house, and that will backflow power back to the grid for them to share with their neighbors a whatnot. Right, right. She a problem with these assumptions. But here's the thing though, but this is the thing is that your car is not going to charge. People are idiots. But well, they are, but this is where it all comes together. Just like with the jabs, they don't give a shit if it doesn't work. Right. And then the concept at the taxpayer, yet again, that went to Pfizer, Moderna, take your pick or whatever company, and then also you got the wax dummy that paid double what Trump did, you know, that's smart, but anyways. Now with this, we know this does not work. Same thing too, like what a fast charge.
"actions" Discussed on The Financial Guys
"You're like, oh, well, give me a 300 grand donation. It's yours. There's no bids or the rig bids. But then you take a sales tax, gas tax. Tax because you just live like an extra fee like with insurance because you live in New York State. So we're probably at like, what, 60, 70% taxation all across the board, no matter. How much you make or how little you make, you're still probably in debt, boat of 60 to 70% tax. And yet this country was founded over a goddamn 4% T tax and everyone's like, again, you know, taxation, no taxation without representation. And here we are and everyone's just like, yeah, that's okay. Yeah. That's okay. No problem. Gets even better, by the way, if you're blessed enough to own your own business, right? We have to pay. Oh, you want to do you want to be a financial planner in Tennessee? Oh, that's okay. Even though it's all the same products and all the same rules, it's 250 bucks a year. All you wanted to sell this type of product. Oh, there's another fee. There's another fee. There's another fee. And in New York, you just want to be a business. Well, there's a $2500 registration fee of every year. If you want to incorporate. We do we not tell you about that one. And then we also, all of us, we had this checks in New York City unemployment because they're like, oh, we just, all the fraud that occurred with it during this scam. That's right. Yeah, we're a little bit short, guys. Right. They go back to the employers. And they say, you now have to pay another surcharge and a special excise tax on the surcharge, the surcharge on the tax to begin with, right? And so desantis in Florida has a $100 million budget, a $100 billion budget. We've had a $20 billion surplus last year, 20 billion. So people are like, wow, and what he's doing with it is he's lowering taxes. He gave bonuses to teachers and firefighters, right? No, he was going to say, and he just gave me no, I thought he did it to a certain citizen like if it was like an income threshold. I don't think I was stimulus checks for. I thought maybe he did. I don't think so. But I think I thought it was a thousand bucks. I think you're right. He sent out a thousand bucks during a crisis. But you know what? It's amazing how you can still do that stuff with these 0% state tax, right? A zero zero.
"actions" Discussed on The Financial Guys
"Bail, there's that COVID emergency. There's a monkeypox emergency. All this other just nonsense. Yeah. Bills are going up in terms of utilities. Cheek the waga. Here's the supervisor. Oh, we just jacked up your assessments back in 2021. Oops, we did it again in 2022. Yeah. Tough shit. Well, we did. We didn't increase your taxes, Ron. We did three assessments. And that's exactly it. And yet. And people need to wake up. It's not like, oh my God, bill's got a new stadium. They're going to stay here forever. Honestly, who gives a shit? Yeah. Your bills keep going up. Your taxes keep going up. No one is helping bring business here. I can tell you what is left in my lifetime. I was born in 1980. I can not tell you what's come here that's made a difference and even the last 20 years. Yeah. I mean, people want to take a victory lap that buffalo has gotten into the 1980s. Yeah. For like, what's come downtown? It's ridiculous. Anything that here's the other thing. I know what you guys have railed on is for years. Anytime someone wants to do something, here comes a buffalo circle site. Your preservation site, excuse me. You get to the down. President McKinley might have had a burger there. We should have, by the way, they started the demolition of which will go next to river works. It's a grain elevator. Oh, finally. They actually started blowing that thing up this week and so the preservation of this were out there protesting as the train was smashing the heck out of it. And I regrettably, I should go down there. I'll try to go down there maybe tomorrow or something. Get some video of it. But when they finally finally Archer Daniels Midland, the and they must have accidentally got a judge with a brain inside because he said, okay, enough is enough. Get rid of it. It's a total eyesore.
"actions" Discussed on The Financial Guys
"Look at what we did here. What you did here, you shipped them off in 24 hours, but guess what? The whole country was talking about them. That's the thing. But that's 50 out of 2 million. Just for this year. But I understand what he's doing. Why can't Lee Zelda go down and drive the goddamn Boston New York State? Seriously? Absolutely. You want to get in the media? That's what you do. That's right. You go to Florida, you drive the goddamn bus. Lee, get on the goddamn plane and land in New York City with the migrants, hold the press conference saying, I just picked up these fine good young people according to Democrats. We're bringing them to a sexual. We're bringing those sanctuary city, right? Here we go. And Nicole mayor was the Erica Garcia. Is that his name or garcetti's Los Angeles? Adams in New York. Thank you. Eric Adams. So to your point, where are the other 24 25 Republican governors, right? Why are they not in there saying, hey, look at, hey, desantis. This shouldn't be just on you. We're going to contribute X amount of millions of dollars. But just to build and start to make this thing happen. He wants to win in New York. You have to nobody knows who you are. This is the problem, right? And you're not going to have to wait to it. You're not going to advertise your weight to it. And I'll tell you why, because years ago, you could do that actually. You know how you could do it? The only media outlets were radio and TV. So people would come home and they would make it a point. Remember, at one point in time, there was only a 5 o'clock news. And then they turned it into a 6.6 6. So you had one, but you had one half hour to catch up on all your news, right? So everybody would raise home, they need dinner, and that's oftentimes you need dinner in front of the news, but you would catch up on everything that happened in that half hour. So you could start to advertise in those outlets, and it was very concentrated. Now you can't do that. You have to have a set of stones and just go at it. And you have to have every media outlet, including especially social media, say holy crap. Look at what Lee zeldin is doing. He's helping desantis ship these people. Right. Who leave Zelda? Oh, he's running for governor. He's a Republican candidate. Oh, that's who he's all done. Cool, exactly, but he's not doing that. And as a result, he'll lose. Frustrating. I mean, the frustrating thing, though, too, is that if people don't wake up and see, it's not even like just the advertising, look at what a shithole this state has become under hulk. And they're McDonald's arches eyebrows as shit just perpetually gets worse.
"actions" Discussed on The Financial Guys
"And the most not all, but a big chunk of these attorneys are left wing lunatic nut jobs. And they don't care about this. There's a big chunk of them, by the way, that just care about tort reforms. So they can sue everybody and make their millions of dollars. They don't give a shit about the law. They don't give a crap about any of that stuff. They just care about the Republicans want to control reform. So I'm not going to be able to make any money. Now there's a whole group of left wing nut jobs that they don't care about the law at all. We went through that with the Bernstein lawsuit. Never even brought it to a jury to be able to say, hey, look, should she have deserved hundreds of thousands of dollars worth of overtimes that she's destroying companies? Nah, I vote Democrat. She votes Democrat we're okay. It's the same thing with these lunatics that continue to let people out of prison, right? But the swing side of it is that we never vote. We don't vote. Nobody shows up to vote for any of these things. This kid, this kid admitted it. He's intentionally, he admitted to intentionally Shannon Brandt is the killer who admitted to driving over this teen intentionally. He got released on or he's being held. I'm sorry. He's not released yet. If he's being held, not on 500,000, not on 5 million. No, $50,000. That should be no problem for family to raise. $50,000. As had admitted to running over a 18 year old kid because he disagreed. Now, this is what I am so sick and tired, and this is where again, where I'm going to push back on everybody, family included. Do not label me a right wing extremist. Because I believe in a pro life or the ability to defend myself with guns or defend my family. That's not extreme, okay? Or just extreme. What's extremely of Fallon and get out of prison? That's right. What's extreme is the dog whistle from Joe Biden saying the maga Republicans are extreme, right? You had a guy that shot Steve scalise and some Democrat, right? These shooters are Democrats. All of the violence is pervade by Democrats. All of the cities that burned down were burned down by Democrats. You know how much damage was done in the capitol? Not much. Not much of January 6th, right? We compared the Baltimore Minnesota Seattle. No, none of that. How about the time that the Democrats blew it up? How about that time back in the 80s when the Democrats and the people that supported Obama actually bombed the capitol building? How about Clinton let them out too before we left office? That's right. That's right. She went on to serve on the board of BLM. How about when they were outside The White House? For the first time in ever, they had to move the president down to the secret bunker because they feared for his life over like three dozen Secret Service agents were severely injured in that insurrection on The White House, right? But you gotta stop there for a second. Go back to COVID because it remember when they moved Trump to the bunker, that was during COVID. That was also during a time that you had to be 6 feet apart because COVID stopped at 6 feet, 6 feet, one inches, you're clear. You gotta wear your face diapers, there's no experimental gene juice, but that was okay for people to gather and mass. To burn shit down to cause destruction, all the above. That is fine. That is simpatico. You want a bird shit down?
"actions" Discussed on The Financial Guys
"He said, look at kids build their immune system by touching stuff. Gravitational putting stuff in their mouth. He said, Mike, you got daughters. Did they always have their hands in mind? Yep. That's a natural thing to do. That's how they build their immunity. If you think you're going to put a face diaper around yourself and never touch stuff, you will be as sick as a dog for the rest of your life. Your immune system will suck. We went from debating things and disagreeing on things and having robust differing of opinion to literally destroying people's careers and now killing people for disagreeing with them. That's what we're at now in this country. Let me play this ad quick and then we'll move on to some of that. I've been into fashion since I can remember. But one day I just stomach ache so bad. I didn't want
"actions" Discussed on The Financial Guys
"With our chartered financial analyst running our models from conservative to aggressive, so pop into our office and walk through our homework process. We'll take a real quick break. We'll bring up Ron reinstein with us here. All right, Ron reinstein is now with us. Thank you for joining us, Ron, we appreciate it. We've got to get the video show as well. We got to mix things up there. I'm going to actually, I was complaining at the beginning of the podcast how sick of tired I work on. Well, you know what we got to do more of. We have to record more because people. People don't grab us and they do. I mean, we get a lot of calls in, but it's really the grabbing us throughout the week anyway. We get a lot of comments from people that are like, you guys have been on live in a while. I want to call and I appreciate the love. I can't thank you all enough. We're going on the radio. 25 years, I think next year. It's ridiculous for a long time. I signed up for two and a half. I really expected this to be just a short term gig, but anyhow. We never going to be this good. 9 hour revenue. The podcast is more fun. It's more flexible. It's time to say it's more fun is different. It's easier, I think, in a way. There's no clocks, you got to watch. Sometimes you get your momentum going on the radio, and then books break. It's like you get the car up to 60 miles an hour and you got to pull over for gas. You just never really get that sometimes. And with the podcast, you just kind of roll through. So anyway, before we jump into some of the violence and stuff, that was going to get to we just were talking about this. I've got to mention this. First time ever, myocarditis adds now aimed at kids. I tell you a Fauci and the rest of the gang, these folks should rot in prison until their death. Absolutely. They should be rotting. Until they die to what they've done. This is just beginning, by the way, folks. This is just the very beginning. And God willing things get better. But if you look at myocarditis, the long-term prospects are not good. Not good. It's a 50% mortality rate in 5 years. Not good. 50. Not good. 50. And I can't imagine what that number is. Glenn 15 to 20 years old. So the damage that does to it. Let's say a 15 year old kid, right? So now he's fighting this. I talked to a parent the other day. Said, hey, your kid's not playing football. Why not? He said, well, because he's got shortness of breath and we're worried he's got some heart issues. I'm thinking, and you can't exercise. You can add elevate your heart rate. Right. That's what the doctor is going to tell you. So football, hockey, anything exerting for these kids. Forget it. So wait until how many kids are affected by the shot.
"actions" Discussed on The Financial Guys
"Warren's Warren's life was very blessed. I'm not saying we're not very bad, but he was a money manager and the timing of what he did was perfect, right? He gathered a bunch of assets. I think it was about $10 million, which would be the equivalent today of about a $100 million, which is one tenth of what you and I have. But he got it at the bottom of a bear market, invested it into a pool of assets, and at the time, to his credit, wasn't a ton of people pooling money together, like mutual funds or structured type of portfolios like that. And the portfolio went off and everybody said he was a genius. Now I'll do his rate of returns get better as he got more money. Absolutely. You know why? Because when he voted for liberal left wing nut jobs and then General Motors went bankrupt and then the government bailed him out, he comes in and says, look at I'll give you an additional loan for 10%, where the rest of us don't have the resources to be able to do that, right? So he watches it all, go to the hell. And then he says, hey, look, I'll be a savior. I'll come in like a vulture. And the government, the big government that I support, they gave you money and you're going to be able to give that to me in a 10% rate of return wonderful. I'll invest in your job. It's a joke. We're going to bring on Ryan reinstein here. I believe in a second. And give us an opportunity to maybe reset and switch gears and talk about really some of the violence. We got to get to this in the country. It just is absolutely outrageous what's going on. We are now targets all of us, right? If you're listening to this podcast, you and me, Mike, Ron reinstein, we are all targets now of the left. I mean, sadly, you look at things like gun control, had that 18 year old kid in North Dakota but armed, and maybe he would have been able to defend himself. I mean, you got a 44 year old, 44. Now, I'm 50, you're 40, 7, Mike. I mean, 44 was not long ago. No. I wasn't a crazy lunatic at 44. I might have been a little bit crazy at 24, but 44, I had a wife, family, kids, right? At 24, you weren't running people over for the police. Never in my life. Not at 14, not in 90 days, no. No, you don't want people over. That's not right, right? Especially if you disagree with them. A lot of people disagree with. A lot of people I don't like. There's a lot of people say, I'm not talking to that person, there are people where I say, I'm not going out to dinner with those folks because they are left. You could be friends with them. I just don't want to spend time with them. They're 1000% going to run them over. I like them as people, to be honest with you. They're good people. They're just ignorant people. 1000% getting forced you to pick up the bill because that's what they do. Let's take a real quick break.
"actions" Discussed on The Financial Guys
"And we're not going to destroy our businesses. Let's go back to normal. And then Abbott said, oh, he did that. And it's just the importance of good leadership and God bless Ron DeSantis for being that leader to step up. But you're seeing other good leaders like her stop up. And I hope she gets a hundred percent. And the integrity of Ron DeSantis to be able to stand up and say, you know what? I made a mistake. Yeah. I'm going to admit that I was wrong to shut down the beaches and the parks and things like that. That was stupid in hindsight. Never do it again. Never do it again. Never do it again. I promise you. And you know what? He admitted he made a mistake. And then he changed course. And think about this for a second. The Democrats are trying to rebrand their alternate reality that the Republicans were responsible for keeping schools closed. In Florida, the kids went back to school for the 21 22 school season. Okay. No, the 20 was 20 to 20 to 21 school seasons, excuse me. The 20 to 21 school season. So pandemic starts in March by September and Florida kids are back in school, okay? No excess deaths over New York, right? New York stayed closed and entire another year. We had to fight and fund lawsuits to get them to forcibly open by finally April and May. Of 2021. Stay sickening. Face diapers included. So you're strapping these kids up. Not being able to actually teach because these teachers couldn't see their expressions, how their words are being coming out of their mouth. As garbage. The thing is just amazing. So that's a whole nother year, a year in New York. These kids are behind Florida, right? All of the countries behind the rest of the world now, thank you very much, right? Look for the Swedish to really get ahead in life. They did it right. They had master kids. Seriously, they mean Swedish people are pretty damn smart. I know a couple already, right? They are, they are good people. They work hard and they're very, very smart. Watch them to now be your doctor's engineers and these because they're one of the few countries that actually educated their kids. They didn't stop. Craziness. But this is Kerry Lake is back to her. This is the example right here of how to handle reporters. A la Ron DeSantis. This might even be better. This is one of the best clips I've ever seen. She's now, she's crushed.
"actions" Discussed on The Financial Guys
"During the week. Number one, we can swear. Number two during the week. I got to tell you, I mean, after we got Saturday, we'll have Saturdays off. I'm 50 now, right? Literally, our entire adult life. I mean, we've been on the radio for 25 years. So basically, some 25 to the age of 50, my entire adult life, your entire adult life, we have been on the radio and working on Saturdays. And honestly, it's getting old, but hopefully the podcast will continue to grow. And I thank you for all of you that subscribe and download. We're hitting some great milestones. We're breaking some new records for downloads and whatnot. And we do appreciate that. So do us a favor, share this. We're going to work towards getting this to three, four, 5 days a week, and you get live in the morning, so you guys can do their text us or message us on some sort of a system or call in perhaps. It would be great if we could pull it out. Absolutely where we got it. We got to go. Got to get it live where people can interact. And it's a so much. With the takeover of the media and the Democrat party and the deep state, or if you want to call them, I mean, years ago, it used to be the media was biased. Bias means that you have an opinion one way or the other. You might present something of facts in a way that maybe lean towards one side or the other. Everybody has a bias, we get that. Today, however, the media has gone to full propaganda. They have removed their brains and will repeat anything. That the Democrat party and The White House tells them to repeat. How long is it before that goes to radio? And more importantly, hide, hide, very important points that they should be bringing out. So this week, Canada just ended there. Well, they're going to end all the garbage garbage COVID stuff, right? So anybody with the brain needs a journalist should really be looking back and going, wait a minute. Let's do a story on how ridiculous it was that New York State, by the way, New York City doing the same thing. New York City New York State. So how ridiculous it was it that we actually had nurses, firefighters, police officers, frontline COVID doctors. We basically told everybody you're losing your job. Sorry you're wrong. This is the most deadly thing ever. Oh, by the way, sorry, we're wrong. Where are people in New York city? They just laid off another 50 teachers. Sorry about that. They're not done yet. New York City, they haven't called it off. New York City is still under full blown pandemic. They said they said within the next three weeks it's going to. So basically what that means. Three weeks, but they just laid off 850 teachers. Sorry about that. This past week. This week though. This week. It's crazy now. So the short teachers. The New York City to end COVID-19 vaccine mandate for private businesses.
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"Sometimes i don't even do a called action other than subscribe. And of course i always tell people where they can find the show if i disappear from the platform there listening on and you know but i i. It's random for me. But i'm pretty random with my show so but Mostly at the end. Usually it's on the way out. I'll say something boat. yeah make sure you subscribe. Follow that kind of thing and you know there's other calls to actually todd was stock. You know like in the middle. We'll talk about something. What do you think man you know. That's that is a small call to action to get you to contact us any again. I think it's really important. You do this. And your podcast. I have a for my show. I've been using a little text file for years with basically it's a. It's my run down at the beginning of the show. I go through the same sequence. I say some of the same things changed. The date changed. The you know the a Changed some of the lead story's but always tell him you know where to go to support the sponsor where it sparked the show financially where new listeners can learn follower subscribe. I tell them where they can go for the chat room. I tell them how the email the show they tell them where. I'm at on social assistance. But it's boom boom boom boom boom boom. And i'm through that and again go to the website same On the websites e heard it and forgot it and you know you know the at least. Your ears triggered all gordon website. There still linked to his email. There's linked to social and it'd be amazed how many podcasters website you go. You can't find an email address or address c. Can't find their apple podcasts. Lean or google podcasts. Or subscribe on the android. It's buried on page eighty two. They think people are going to find stuff just by by miraculous. Conception i guess is that that's the term to use. Well when i say. My mind's random is you know. Sometimes like i listen to a lot of podcasts. In your gig new central i can tell when you're about to actually start the content so if i'm in a hurry i can rush all your calls to action. That's right Because they don't change. And i've heard them before so. You've gotta by redundancy with me. I never know what. I'm going to say when so i don't know if that's a good thing or not but i think it's good to and i remind people throughout the show if very if you're like mike and this listen to your show or my show any knows her the first three or four minutes. I'm going to banter any hits. That fast forward thirty seconds four five times. He gets ahead then somewhere during the show. I'm going to drop it in again. I wouldn't be like hey make sure..
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"actions" Discussed on The Politics Guys
"I think there's significant environmental con negative environmental consequences. Do it and so. I think that that was very very good. Move and i was happy to see that. But i just wanted my two cents on that you mentioned the other order the the other order and this is something we should really special show on some some point. President trump had created what was called the seventeen seventy six commission which was kinda. Give a report on on the status of of the teaching of american history in some somewhat response to the new york times. Sixteen nineteen project Which you know. The the basis of of that is that america is founded on and because of slavery and really takes a views everything in american history through that that racial land is so trump. Went together this group. The panel had some folks who are notably conservative. Larry arnn of hillsdale college. I think was the chair. But you also had a you. Know minority representation. You had folks. From various ivy league schools and and princeton stanford historians who weighed in on this and they they put together a report and the report will be able to get through the government but biden on the first day took it down and disbanded. The commission and that to me is a little bit of a troubling A statement right again if this is We are we are now all about unity and getting along and sharing our our our. Our commonalities outweigh our differences If you're either the seventeen seventy six report and also copy and you can still get at the heritage foundation It's it it comes across is really kind of noncontroversial. I don't think. I don't think there's anything that you would say. Oh gosh yeah. I mean absolutely plenty of historians would disagree with that. I believe one of the things just off. The top of my head is one of the big challenges. It said of a to america's principles in this report along with slavery and fascism they mention progressivism as a challenge to america's principles. I i have a pretty big problem with that. Or is there are plenty of historians and there weren't a lot of historians on this panel. Have a lot to point out a lot of problems with logic and reasoning here and that not just that i was just the idea i i would think that as somebody who cares about the state's rights and is concerned about big government trying to tell us what the thing that the idea that there should be some sort of national commission to direct patriotic education. That that's creepy to me and very troubling so take a look at what the take a look at. What the progressives did i would. I would think the the folks who were jailed for passing out pamphlets opposing world. Where one might disagree that that progressivism wasn't a in in Opposition to some some fundamental american principles..
"actions" Discussed on The Politics Guys
"Inaugural address but also in order to really ramp up investigations of this sort of thing because it is even though i agree with you. It's certainly a very tiny number of people given the size of the country but they can certainly do an awful lot of damage. And i think it's good that we're going to see a serious focus on that right and i would compare it and all of this i mean. Let's let's look at islamic fundamentalism Terrorist right and and to say that There are islamic fundamentalist terrorists in his country. Yes that's absolutely true. Is there a large rowing of them. no it's it's It's people here and there at small cells. Those are absolutely dangerous and they need to be investigated and shut shutdown and the same goes for white. Supremacist domestic terrorists. So i i guess that's sort of you know i can draw a line between people who are truly criminals and criminal intent versus a lot of folks who are just kind of angry and disaffected Yeah i agree. I agree so it sounds like we're we're more or less on on the same page on this. I would say yeah ok well on that. Let's just take a quick break and then we will be right back and talk about joe. Biden's not his words but his excecutive actions. I remember back. When i was in my late twenties and i began to notice the first signs of hair loss. It really surprised me indefinitely. Not in a good way you know. Almost nobody is hoping to go ball but the fact is that two out of three guys will experience. Some form of male pattern baldness by the time. They're just thirty five and the best time to take action is before your hairline. Looks like some sort.
"actions" Discussed on The Politics Guys
"Really kind of kind of ludicrous. But not chris. I'm going to push back on that night ludicrous. because it wasn't open question. Given the given how the legislation how the enabling legislation for the cfpb was written and the court actually concluded that there was a there was a defect in in that in that language. And so but saying that. it's ludicrous. i think would be going too far. Let me back then. How about instead of ludicrous. Let me say inconsistent with the principles that i just chunk set forth about the that in in our government you know throughout these various agencies There ought to be some sort of political accountability. Eventually whether that's with you know congress who appoints or dismisses where president who appoints than an agency. You can't just run. its own. Show independent of congress or the presidency Yeah but my point. My point isn't To whether he has the power not to do it. Because i think he absolutely does. But the if you're going to handle at the manor which it's it's being handled in this case the the head of the cfpb. Did you know step aside and said yeah absolutely jogo hadn't and appoint you're on person. You know one other thing. I wanted to mention something that didn't happen. There was a lot of word that or concern that there would be these big protested state capitals which were seen as much softer targets in a way not protected by massive show of force at the nation's capital and yet that fizzle about as badly as any of those things. There are some instances where i think in in sacramento and albany. There was like one guy who was there with zayn. And and i'm wondering i mean it was. It was sort of a happily. You know you could be happy at how pitiful that was but it also some people might say well. What does that mean about. White nationalist extremism is it. You know is it as big of a deal. Do we need to worry about this. Sort of domestic terrorism. And i wanted to get your take on that because of course you know our our state capitol here. Columbus was one of those places that there was thought to be the threat of some sort of real action and like in pretty much everywhere else. It just didn't happen. Gutty america that goofball show. So i mean look this is kinda where i've i've always been on this this whole big You know outright white supremacy question is there just. Aren't that many of them out there..
"actions" Discussed on Voice in Canada
"Hey there terry here. It is wednesday and this is your flash briefing for today today. Want to talk about some fun. You can have with your custom routines as you may know. A routine is a single command that you can say to lexi or for that matter it can be time to just happen. Automatically at a certain time and then lexi carries out a number of commands. But the interesting thing is you could also use this feature to create a custom command for one particular action. And i'll give you an example on. It's really fun. So my daughter is really into harry potter books. Right now and <hes>. there's this spell. And harry potter limos and that turns their wand essentially into a flashlight so we thought hey this would be kinda cool. She's got some. Led lights up around her room that if she could say to lexi lexi luma's that her lights in her room would turn on and we did that and the way you do that. Is you simply go into your lexi app to set up a routine you go into the app you click on the more by the more button icon in the bottom. You click on routines and then you click on the plus button. Then you're going to click on enter routine named give it a name and then when this happens you click on that and you choose voice and you type in that custom command that you want to use to control whatever action and then you go to the next step and you add that action and really. This is cool because now you can control just about any action that you can think of with just about any custom command that you can think of and so my daughter's having fun <hes>. Setting up routines to do different things. That are lights based on different harry potter spells. And it's a lot of fun.