37 Burst results for "BIN"
"bin" Discussed on The Charlie Kirk Show
"Saying that, well, maybe Osama bin Laden had some points, but look, they're going to keep on embracing anti-American. They are embracing Hamas. Why would you be shocked that they're embracing Osama bin Laden? This moral equivalency that exists with Gen Z is what happens when you don't raise your kids as parents and then you send them to college and you send them to college. They're taught that maybe Osama bin Laden had a point. Maybe it's perfectly fine to kill the innocents and hijack the planes. Go read the actual philosophical writings of Frantz Fanon. Frantz Fanon, who wrote extensively about decolonization by any means necessary. It's taught in our schools, extensively in our schools. Let's go to this tape here. This is Biden's education secretary addressing the issue. Play cut 124. There's been a bunch of stories about the viral nature of a TikTok video of people reading the letter from Osama bin Laden. It's stunning to those of us who were alive during 9-11 and yet millions upon millions of people have viewed it. Does that say something about algorithms? How do you view that as the education secretary? You're right, Phil. It is stunning. I was a school principal when that happened and that impacted how we taught students and how we protected students that day. I do believe there's a lot of misinformation and we have a responsibility collectively to make sure we're guiding students on how to look for misinformation, how to be educated consumers of information. But I also think we need to continue to work with parents to make sure that they're aware of what tools they have at their disposal to limit misinformation from students and protect their students. That's the secretary of education. How about you admit that the education department of the Biden regime is reinforcing the oppressor oppressed dynamics that sow the seeds for this sort of embrace of radicalism. And what's so telling about this entire TikTok story, how proud they are to go with their face and their name associated and to say, yeah, he was really great or he's not that bad. He's really smart as if there's no consequence to that whatsoever. Email us your thoughts freedom at charliekirk.com. Many of you have emailed us and you said, I assumed that people would just roll their eyes over this crazy letter. No, the next generation of voters and thinkers are embracing it.
Fresh "BIN" from Sound ON
"Average down 68 decline there of two tenths of one percent one as stack is lower by 150 points a decline of 1 .1 percent tenure yield 4 .28 percent with a two -year now yielding 4 .65 spot gold down 48 dollars ounce a to 2023 a decline of 2 .3 while west texas intermediate crude is down 1 .1 percent 73 24 barrel oil is retreating as saudi energy minister prince abdulaziz bin saman says the opec plus oil production cuts can absolutely continue past the first quarter if needed as he pledged that the curbs delivered in full the labor department issues the november employment report in washington on friday and it could portend moderation and with more on that story here's bloomberg's vinny del judice right now economists are forecasting a november job gain of about 180 000 jobs that would be well below last year's average the unemployment rate meantime has been creeping higher it's just shy of four percent of the level last seen in january 2022
"bin" Discussed on The Charlie Kirk Show
"This is Tucker Carlson on MSNBC with Rachel Maddow. We do not know the date of this, but Tucker talks about how the Osama bin Laden letter was not on his threats, but it's a political argument against neocons. I recently had lunch with Tucker. This is before this went viral. This is what's crazy. Tucker and I were privately meeting and I don't want to share too many details, but Tucker basically said they came after me really hard for this. It's all public stuff. And so I think I mentioned this before this went viral and they came after him as an anti-Semite and Tucker's like, oh my God, he almost lost his career. Play cut 132 of 20 years ago, Tucker Carlson. The substance of this was not really about his threats. Actually, it was much more complicated than that. I've read, I think every public communicate he's come out with and they're always about the Crusaders and the Jews and how Israel is evil and we're going to kill you. This was not about that. Actually, he was making a political case. You read the whole thing. It was about how the war in Iraq is doomed because the American people don't support it. And the war in Iraq was waged in the first place because the warmongers at Halliburton and the crazed neocons were behind it. And they, you know, changed Bush's mind and got him to support it. That's like, do you recognize that argument? I mean, I do recognize that argument. What Tucker's talking about is the Osama bin Laden letter. That's what he's talking about. So he connected the dots because understand, none of the major networks were covering this. So people have been lied to and they feel lied to. You can find the letter at Newsweek.com. And by the way, some of these like fake intellectuals on TikTok are like, I'm so impressed by Osama bin Laden. He's so smart. It's not smart. Honestly, it's just not. It's just kind of mainline Muslim finger wagging. I hate you because of this and I'm going to kill you. Okay. Thanks, pal. Got it. Now, this letter, though, is being used just to say, okay, Charlie guy, what does that do now? Let me tell you right now, fast forward. This letter is now being used as an instrument against supporting Israel. So Gen Z is saying, see, there wouldn't be 9-11. There wouldn't be Islamic terror if we did not support Israel. See confirmation bias. This letter is now being used as confirmation bias. And then they say, they're kicking it off TikTok. They're kicking it off The Guardian. It must be true. It's a big conspiracy. So here again is my advice of which is not heated at all. If you are a pro-Israel person, if you're a pro-American person and you are bothered by the fact that the Osama bin Laden letter is going viral, confront it directly with speech. Don't censor it. Debate it. Be like, okay, well, this is not that, you know, structurally smart. Like this is actually very weird Islamic theology at times talking about, like, you have to kill the non-believers. You're mad that we didn't get into the the treaty at Kyoto over global, like this is an unhinged lunatic. This is not that smart. That's how you handle it. You don't bury it. If you bury it, it's as if you're worried that the information is true. This it's it is information warfare. In fact, if you want it to get bigger, you would bury it. And I'm just flipping through this. The American army is part of the American people. It's the very same people who shamelessly help in the Jews fight against us. This is why the American people cannot be innocent of all the crimes committed by the Americans and Jews against us. Allah the Almighty legislated the permission and the option to take revenge. Thus, this is what people consider smart. Thus, if we attacked, then we have the right to attack back whoever has destroyed our villages and towns, then we have to destroy their villages and towns. Whoever has stolen our wealth, then we have the right to destroy their economy. Whoever has killed our civilians, we have the right to kill theirs. And the American government and press still refuse to answer the question, why did they attack us in New York and Washington? He's saying, we attacked you because you guys have been imperialistically moving into the Middle East. You want my theory? This letter was suppressed by neocons that are so intellectually fragile that they were afraid that if this letter was discussed, their warmongering plans would have fallen apart. That's why it was buried. And it is buried right now for similar reasons. Here is Tucker Carlson. This got him in a lot of trouble. I'm going to get the organization that came after him. I'm being imprecise with that. But this is Tucker debating with Rachel Maddow 20 years ago on MSNBC. It got him in a huge scandal saying that if you read the Osama bin Laden letter, it will change your mind. Plate gut 133. It's not that I'm taking my eye on the ball. And of course, I'm not Rachel Osama. And Osama threatens the U.S. is hardly a headline. It's background noise. It's the boilerplate. He threatens America by his existence. I just think it's uncanny. And I think you should reread it. It'll change your mind. And then play cut 134. Osama criticizes Bush. Ted Kennedy criticizes Bush. Therefore, Osama loves Ted. No, no, no. It's ridiculous. I'm not saying that. I'm saying he's not criticizing. And there's nothing wrong with criticizing Bush. I criticize Bush. I'm saying he's criticizing Bush in exactly the same ways with exactly the same terminology. It's literally like he got the blast facts from HQ. This is Tucker Carlson and Rachel Maddow and MSNBC. What a different world we lived in. What a different world we lived in. The full text can be found at Newsweek.com. That is the number one news story with young people. And then it's just they go the next step, which is just so, so sick.
Fresh update on "bin" discussed on Stephanie Miller
"If nobody else believes I've still got a lot of fight left in me He never mounted any kind of defense against any of it. He never tried to contradict any of dozens and Dozens and dozens of findings that they've made. No, that's not the one. Seventeen. Seventeen. That's okay. Seventeen. Here we go. Hakeem Jeffries. There's not a scintilla of evidence that Republicans have produced to show that President Joe Biden has engaged in wrongdoing, an impeachable offense or in any way has broken the law. Why? Because there is no evidence that exists to implicate President Joe Biden in anything nefarious. President Biden is a good man. He's a good and decent and hardworking man. And that's been his entire life in public Thank you. Some Republicans just basically say like, oh, we're just we'll keep our base happy to we're do going to really you're going to move forward with impeachment based on I believe they have UConn Cornelius is in charge and they have so far gathered a bunch of All right, Jeff Tiedrich tweets, George W. was Bush told bin Laden determined to strike in the US and his response was to go on vacation. Donald Trump was told COVID would kill millions and his response was to go golfing. Bibi Netanyahu had advance warning of Hamas his plans to kill Israeli millions and his response was to do all Hey, world, aren't you tired of electing incompetent right wing holes? Thank you. Thank you. I believe I made that very point last week. Oh, way, by the speaking of COVID I know someone was wishing Dana speedy recovery. She was on Thursday with us had COVID my friend, Karen just got COVID. K in Minneapolis says, Steph, is this where we bore people with COVID our stories? Yes, computer. I've gotten every shot ever made available and up until recently masked up in public places and COVID never got me. So I got cocky. I convinced myself I'm special. One of those rare superhumans who have natural immunity. The possessor of some Viking warrior gene I am not and it's a beast. I tested positive Thanksgiving morning. One week later, I couldn't stand for more than 30 seconds without feeling like I'm going to pass out. And since everyone's COVID had by this time, it's not special and I am not getting the sympathy I feel I deserve. In conclusions, COVID is still on the move and it sucks. Hey, you are getting all of the sympathy in the world here at the duff rid out. That probably didn't help. No, that didn't help at all. Was it condescending or patronizing? I can't tell because I'm just a chap. Patricending. Yes, there you go. Oh, by the way, Brian Tyler Cohen tweets, it turns out Gavin Newsom was right. Per Politifact, more Floridians have moved to California than Californians have moved to Florida per capita. The narrative busted. We attract the smart people here. Yes, indeed. Oh, is this the I guess we should do one statement Do I start with the Liz Cheney one or the Robert De Niro one? Oh, any of them. Yes, he's talking about that. He denied that he suffered from depression. This which is Liz Cheney in her new book says Kevin McCarthy says the baby was depressed and not eating. The statement is not I was not depressed. I was angry. And it was not that I was not eating. It was that I was eating too much. See, I think he has accidentally told the truth twice. That's what I said. Look at him, that big load of trans fats. He's like stress eating. He's not not eating right. Jabba the Hutt. Who could tell if he's Clyde? If mommy's talking now, I know she has the good bone. OK. She has been worked with others in the J six community to delete and destroy the evidence and findings of the committee. Oh, my God. This is latest thing, right? Nobody deleted or destroyed anything. This is this is latest lie. OK. All right. This would be the I think this is the one that got it because he's a celebrity. Yorker. The New Yeah. Robert De Hero, whose acting talents have greatly diminished. Really? With his reputation now, shot must even use a teleprompter for his valid, disgusting language. So disrespectful to our country. He's become unwatchable both in movies and in the foods that destroy the Academy Awards, bringing me from one of the top rated shows in the country to a low rated afterthought. De Niro should focus on his life, is which a mess rather than the lives of others. He's become a total loser as the world watches and waits and laughs. That's why he got that award because he's. Yeah. How many Oscars does the Trump? Eleventy billion. Donald never even got an Emmy nomination. No. People speaking of people who need those taking his final bow in Congress. CNN did an amazing montage of his just string of lies bowl. OK, yeah, good morning. Shabbat Shalom to everybody. I've seen how socialism destroys people's lives because my grandparents survived the Holocaust. My mom was a 9 -11 survivor. They sent me to a good prep school, which was Horaceman Prep in the Bronx. I actually went to school on a volleyball scholarship, but I put myself through college and got an MBA from NYU. When I was Peru. in We were the number one volleyball, but I also founded my own nonprofit organization. I sacrificed both my knees and got very nice knee replacements from HSS playing volleyball. Oh my. OK, I'm sure he sacrificed his knees. Not playing volleyball is my personal. So did you see the Daily Show's tweet? No, they said Friday was the worst day in George Santos's life His mom fake died at 9 -11. Someone else said, I can't believe they expelled George Santos the same day his Aunt Sandra Dale Connor died. Yeah. Oh, Clyde, please. What's going on over there? Bonnie has the bone that he wants. Yeah. OK, we need a two bone solution. I have. He doesn't want another bone. He wants the one she has. It is exactly like the Gaza Strip. It is exactly like the Middle East in here. They want the one she has, not another one. See? This is how it sounds to me when people talk about the Middle East. Now I can't. I'm like, oh, God, it's often so horrible. It is. Of course, we should condemn the Israeli women that got raped on October 7th. What is the problem? What is people's main damage? I don't understand. By the way, Hamas documented it because they want it. This was part of their plan, was to rape and mutilate and torture Israeli women. You can't just say that? Yes, of course, it is awful what's happening. You don't have to make an equivalency for everything. Of course, it's awful what's happening to Palestinians. But I think even Dana Bash pointed out Israeli soldiers rape Palestinian women. I get it. I think Netanyahu crook. I think the response is not proportional. All of those things. But you have to be able to say it is evil to use rape as a war tactic. Yes. Oh, my God. Some of the stories are horrible. And again, because Hamas wanted to document it. Gang rape and torture and beatings and oh, my God. All right. Back to George Santos. Oh, God. It was in summer of twenty twenty one on Fifth Avenue and fifty fifth. Oh, dear. I was robbed by two men. I've lived an honest life. I've never been accused of any bad doing. Good morning. Shabbat Shalom to everybody company at the time. We want four employees that were that were at Pulse nightclub. She was in the South Tower and she made it out. She got caught up in the ash club. Did I embellish my resume?
"bin" Discussed on The Charlie Kirk Show
"If you read the Bin Laden letter, it does beg a question of, okay, they say he wrote this. I mean, very well could have been edited by a third party because it's very, very well written. And honestly, I don't trust the CIA at all. So maybe the CIA was involved. But I mean, let's just take it at face value that Osama bin Laden wrote this. Let's just take it. And it's written directly to the American people, allegedly. And he says, quote, why are we fighting and opposing you? Why are we calling to you? What do you want from you now? And it's all about the creation of Israel. He says, quote, the creation of Israel is a crime that must be erased. Each and every person whose hands have become polluted in the contribution towards this crime must pay its price and pay for it heavily. It brings us to both laughter and tears to see that you Americans have not yet grown tired of your fabricated lies. The Jews have a historical right to Palestine as it was promised to them in the Torah. Anyone who disputes with them on this alleged fact is accused of antisemitism. This is one of the most fallacious, widely circulated fabrications in history. The people of Palestine are pure Arabs and original Semites. It is the Muslims who are the inheritors of Moses, peace be upon him, and the real inheritors of the real Torah, which have not changed. Muslims believe, this is just mainline Muslim belief, by the way. Muslims believe in all the prophets, including Abraham, Moses, Jesus, and Muhammad, which is true. Peace and blessings of Allah be upon all of them. If the followers of Moses have been a promised right to Palestine in the Torah, then the Muslims are the most worthy nation of this. Continues, and I'll close with this. When the Muslims conquered Palestine and drove out the Romans, Palestine and Jerusalem returned to Islam. The religion of the prophets, peace be upon them. Therefore, the call to a historical right to Palestine cannot be raised against the Islamic ummah and believed in all the prophets of Allah, and peace and blessing be upon them. Okay, and we make no distinctions. Okay, so you guys can read this letter. Oh wait, you can't. I was going to tell you where to find this letter. It's very hard to find. There's nothing, I mean, again, does this move me in any way? My biggest complaint with this whole thing, the reason why it's going viral to a generation being taught to hate the country, so you have this fertile ground of a generation taught to hate the country, hate the west, and they read this thing from Osama bin Laden like, oh my goodness, what's next Mein Kampf? Probably. I mean, the new TikTok thing is going to say, you know, this Hitler guy, he got a really bad rap. It's coming soon, I'm telling you. It's, but if you want to make something bigger, censor it. In the new internet era, it makes something sexier. It's not the internet era. It's just, it's a rule for life. You used to be able to get away with outright banning before the internet, before television, before radio. You used to be able to create things on the fringes. This is something that we're going to have to face big time. And for those of us that are on the side of the truth, even if the truth makes you uncomfortable, I think we're living through the most exciting enlightenment that I've lived through. People are waking up to the COVID vaccine thing. People are waking up to the idea that we should have locked down schools and put masks on kids. People are waking up to Ukraine. They're waking up to the border. They are waking up to the race hustle that has dominated our country. They're waking up to the trans nonsense. They're waking up to a variety of things. Election integrity, safe and secure, most secure election in our lifetime. They're waking up to all of the anti-whiteness in our culture. It is now acceptable to point out anti-white racism. That is a moving of the Overton window. They used to smear anyone in the right when they used to have a sign that says, it's okay to be white. Oh my goodness, they would come after you. The kids, the Gen Z-ers that go on TikTok and they say, it's all a lie. Hold on, time out, be a little more precise than that. But they're not totally incorrect when they're saying that we have been lied to repeatedly. Our government has told us lie after lie and then covered it up and smeared and censored and attacked us. We've been saying this for quite some time. And what makes something seem more true when you can't even find it? And so, I mean, I read this Osama bin Laden letter. It's written by a madman. It's written by a maniac. I don't think it's smart, honestly. I don't, I think it's somewhat well-written as far as just stylistically, maybe a CIA agent helped him. Maybe, I don't know, maybe a Westerner helped him. I think this has been edited. I find it hard to believe that he wrote every word of this, but let's just say he did. Okay, let's just for argument's sake. Okay, it's just like mainline radical Islam. Like this is not stuff that you're not, you mean you guys watch memory, M-E-M-R-I? It's like no different. Like, okay, yeah, the nation of martyrdom, the nation that desires more death than you desire life. Okay, great. Yeah, Quran page 3, 169, 171, the nation of victory and success that Allah promised. Okay, like this is not that shocking. So then it ventures the guess, and this is where the Gen Z kids are onto something, not their worship of bin Laden. That's a bunch of crap. Let me be very clear. That is a bunch of morally repugnant poison, but some of the Gen Z kids, because you don't want to say, you don't want to paint with too big, broad of a brush, but some of the Gen Z kids, they're saying, wait a second, if we would have known about this 20 years ago, would we have engaged into these adventurous, aggressive wars? That's a legitimate question. And some of you in our email inbox, by the way, we're getting thousands of emails, Charlie, why have I never heard about this? Charlie, why have I never heard about this? Charlie, why have I never heard about this? By the way, newsweek.com still does have the letter up. And I encourage you guys to read. I don't think you should be afraid of confronting something that is evil. In fact, I think it's necessary. So let's go back into the way back machine and talk about how this was suppressed.
"bin" Discussed on The Charlie Kirk Show
"And they are right about that. They've never been taught a lot of things. They've never been taught who Osama bin Laden is and how evil he is. But a rule that has been proven to be true over time is that when you suppress something and you censor something, you make it more interesting. It is the Streisand effect. This story has been suppressed for 20 years. I don't find it that interesting. It's kind of all over the place. It's, you know, because you guys didn't join Kyoto and all this. It feels like excuses. He hates Jews. He hates America. And what is the reaction? Well, now the letter has been banned from TikTok. That's only going to make the letter even bigger. The Guardian took it down. Either we in the West can handle what the letter says or not. That's the wrong way to handle this. Start censoring it and start manipulating algorithms. That makes it feel like it's more true, which it really isn't. There's no truth to the idea that Osama bin Laden is some sort of wise person, some sort of deep thinker like Gen Z is thinking. You know, he's repulsive. He's also had some very weird stuff on his computer, like very weird stuff. Nikki Haley has come out and said, Nikki says viral Biden, a bin Laden letter is proof that we need to ban TikTok. Well, we need to ban TikTok for other reasons, not just the bin Laden letter. But why is the gut reaction when something ugly goes viral that we need to start banning stuff? Why don't we go out there and talk about this and say, you know what? We should have had a national conversation about the bin Laden letter back in 2002. Would we have invaded Iraq if we had talked about this letter? I don't know. Who actually tried to censor this letter from coming out back in 2002? For 10 years, Patriot Mobile has been America's only Christian conservative wireless provider. And when I say only, trust me, they're the only one. I think the world of Patriot Mobile. They are amazing people. Glenn and the whole team. We have dinner frequently. I've gotten to know them. They're incredible. And I'm so proud to partner with them. They are donors to Turning Point USA. They are the best. You see, Patriot Mobile, they offer dependable nationwide coverage, giving you ability to access all three major networks, which means you get the same coverage that you're accustomed to without funding the left. So look, you got to make the switch today. And when you do that, when you switch to Patriot Mobile, you send a clear, convincing and resounding message that you support freedom of speech, religious liberty, the sanctity of life, Second Amendment, our military veterans and first responder heroes. Their 100% U.S. based customer service team can make switching very easy. So you keep your number, you keep your phone or you upgrade. Their team will help you find the best plan for your needs. Just go to patriotmobile.com slash charlie or call 972-PATRIOT. Glenn and the team there will be more than happy to help you. Just tell them Charlie Kirk sent you. They're amazing. Super great to work with. Very generous supporters of Turning Point USA and Turning Point Action. They are mission aligned. Have your cell phone bill work for the country. Make your cell phone bill work for America. Join me and make the switch today. That is patriotmobile.com slash charlie. Full endorsement, patriotmobile.com slash charlie or call 972-PATRIOT.
"bin" Discussed on The Charlie Kirk Show
"Get off your iPhone. Pay attention to your child. Look at your kids lessons. Get out. Step down from the Women's March, which, by the way, it was totally anti-Semitic when we called it out, as did many at the time. Do some parenting if you're going to bother having a child and stop indoctrinating your own children to those of you who are on the left in this pernicious woke ideology, because this is where it lands. I'm very fired up about it, Carol. I feel like we're totally forgetting. We're forgetting 9-11. And it's you know, what's going to happen? It's going to happen again. Well, we are forgetting 9-11 because we are framing an attack on a Western country as heroic. That's what happens when you send your kid to college far too often. I like Meghan's approach. I'm going to add to it. The reason I like Meghan's approach is that it's not enough just to say, oh, it's the government schools. It's the media. It starts at home. And the quality of parenting has declined in recent years. As Meghan put it in her tweet, how many parents are just boozing away, letting kids look at their phones all day long. It's a decline of the entire moral fabric of the country. The quality of parenting that I have seen is declining day by day. So The Guardian, back in November of 2002, published Bin Laden's letter to America. Now, we stumbled upon this letter to America through a very strange series of events. It was on a laptop that we happened to find and a reporter obtained it. This should have been the number one news story on the planet. Why isn't it? We should have debated it when it came out back in November of 2002. Tucker Carlson, working for either CNN or MSNBC at the time, tried to cover it. I think it was CNN. And he was attacked relentlessly by the American Council of Rabbis. In this letter, it's a grab bag of stuff. Osama bin Laden says, I did 9-11 because you guys didn't join the Kyoto Protocol for global warming. OK, that you guys are allowing your women to become degraded. But the part here that is going viral is more than anything else is Osama bin Laden said that we planned 9-11. We did 9-11 because you support Israel. He said, why are we fighting and opposing you? The answer is very simple. One, because you attacked us and continued to attack us. A, you attacked us in Palestine. This is his very first justification for the attacks. He says, quote, the creation of Israel is a crime which must be erased. Each and every person whose hands have become polluted in the contribution towards the crime must pay its price and pay for it heavily. He then goes on to say, you attacked us in Somalia. You supported the Russian atrocities against us in Chechnya, the Indian oppression against us in Kashmir, very strange, and the Jewish aggression against us in Lebanon. It's going viral because a generation says I've never been taught this.
"bin" Discussed on The Charlie Kirk Show
"We get it. You're busy. You don't have time to waste on the mainstream media. That's why Salem News Channel is here. We have hosts worth watching, actually discussing the topics that matter. Andrew Wilkow, Dinesh D'Souza, Brandon Tatum, and more. Open debate and free speech you won't find anywhere else. We're not like the other guys. We're Salem News Channel. Watch any time on any screen for free 24-7 at snc.tv and on local now channel 525. Hey everybody, Osama bin Laden going viral from the grave. Gen Z embraces Osama bin Laden. What is in the Osama bin Laden letter and why is a generation that hates the country so affectionate towards Osama bin Laden? Amfest speakers are announced. They are amazing everybody. It's amfbest.com, December 16, 17, 18, 19, Tucker Carlson, Candace Owens, Rob Schneider, Roseanne Barr, Dennis Prager, and more. Go to amfest.com. That's amfbest.com, amfest.com. Email me as always freedom at charliekirk.com. Buckle up, everybody. Here we go. Charlie, what you've done is incredible here. Maybe Charlie Kirk is on the college campuses. I want you to know we are lucky to have Charlie Kirk. Charlie Kirk's running the White House, folks. I want to thank Charlie. He's an incredible guy. His spirit, his love of this country. He's done an amazing job building one of the most powerful youth organizations ever created Turning Point USA. We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country. That's why we are here. Brought to you by the loan experts I trust, Andrew and Todd at Sierra Pacific Mortgage at andrewandtodd.com. So Osama bin Laden is going viral. If you fail to teach a generation good from evil, right from wrong, don't be shocked when they start to embrace some of the most evil people ever to live. America is the greatest nation ever to exist in the history of the world, and I have told our donors and our supporters and many of you that support us at Turning Point USA, the majority of young people view America as the enemy. They believe that this country they are living in is an evil country. So don't be shocked when a generation who hates the country because they've been told to hate the country starts to embrace the enemies of the country. Now the story is actually much deeper than that, but let me kind of tell you the entire last 48 hours, 72 hours basically. And by the way, Generation Z is confused on men and women. Are we shocked that they sympathize with terrorists? This recent chapter of virality is what happens when you send your kids to college. Do not be shocked when you subsidize anti-Americanism, subsidize anti-Western ideas and beliefs, and all of a sudden Gen Z says, wow, I think Osama bin Laden is this very smart man. Going viral on TikTok, which should have been banned by Republicans years ago, Donald Trump should have banned TikTok, but he didn't. Going viral on TikTok, a Chinese Communist Party application, is Osama bin Laden's manifesto, his letter to America, explaining in his own words why he planned 9-11, why he did it. Now this goes all the way back to 2002. For me, this was not news. I remember reading this back in 2009, 2010. There's a lot in this letter that is worth talking about, and we're going to talk about it. This is an evil man. This is modern Hitler who writes this letter. A couple of people on TikTok said, oh, did you know why Osama bin Laden allegedly planned 9-11? Do you know why he did it? And it went viral. 10 million people on TikTok talking about it. In fact, many people, young people, Gen Zers, are praising Osama bin Laden, saying that Osama bin Laden is getting a bad rap. Now understand, many of these youngsters, they have no memory of 9-11. I remember exactly where I was when those planes hit those two towers. I was in the second grade classroom. I remember exactly where I was. This is an important clip here. Play cut 128, a montage of Gen Zers on TikTok reacting to the bin Laden letter. Play cut 128. Actually, before you even read the letter, I did want to mention, in reading the letter, I can only think of this tweet that I saw the other day. Under settler colonialism, any kind of resistance is branded as terrorist because the only acceptable violence is violence by the occupier. So please keep that in mind when reading the letter. It is just insane because this letter is so well written and so reasonably structured. In an argument, you got to present your findings, you got to state your cause, all that. Everything he said was valid. Gen Z is embracing Osama bin Laden. Not everyone in Gen Z, but it has gone beyond viral. I'm gonna go here to cut 126. TikToker. I'm not about here to sit here and act like Osama bin Laden is the worst person in America. By the way, this is such a big story. It's the front page of the New York Post. Put 125 up. Some of you might say, Charlie, what do you mean I'm not on TikTok? This is the number one story for Gen Zers right now. The number one conversation in the country is Osama bin Laden's letter because it involves Israel. World gone madman. Play cut 126. I turned, y'all defending Osama bin Laden now? It's not that I'm defending him. I'm not defending him because like, but I'm not about to sit here and act like he's just the worst person in the world when America has literally been terrorizing people since the beginning of history. America is when, what's his name, whatever the guy's name is that discovered America and found the land, he lied. It's been a lie. Everything's a lie. And then it's like, okay, defending Osama bin Laden and we're supposed to be defending America for giving them our hard earned money to kill people for Gen Z. Like what? They don't even make, like, I'm so pissed off right now. I don't even understand. Like, oh my God. Been seen millions and millions of times. It's an opinion and an attitude that is being embraced by this up and coming Gen Z. But what is it? I think it's a lot more complicated than some people are framing it. I agree with what Megyn Kelly said yesterday. I think it's an incomplete analysis, but I do agree. This is a failure of parenting and a failure of the American culture. Parents are awful, largely in America right now. They have not done a good enough job of teaching the history. You get tyranny, you get madness, you get chaos when you do not teach a generation what has happened prior. As it says in the book about Exodus, then rose a king of Egypt who did not know Joseph. If you do not know what came before you, the sacrifices, the toil, then you get madness. We have done a terrible job of teaching the next generation. What was 9-11? Who are the good guys? The moral shallowness is remarkable. But it's an incomplete answer. It's also gone viral because this letter has been largely censored. And it is written in a way where if you are not educated correctly, you think as if you have stumbled upon something revealing. That which you censor and you suppress, you run the risk of getting more of. Instead of having a dialogue about what this letter is and what it contained when it came out in 2002, it was buried. Tucker Carlson, way back when, I think he was working at CNN at the time, decided to talk about this letter on air and he was attacked by the American Council of Rabbis as being an anti-Semite. Because there are things in it that are misunderstood by an evil madman Hitlerian figure. What is in the Osama bin Laden letter? Have you ever heard of it? Have you read it? Well, theguardian.com made a huge mistake. They decided to take down the letter as it was going viral on TikTok, creating the Barbara Streisand effect, where famously only a couple people were viewing the picture of her home. And then she said, I'm going to sue to not have people be able to view pictures of my home and people than wanted to view pictures of her home. What is in the Osama bin Laden letter? What does it contain? Public Square is one of my favorite apps. There are progressive corporations out there that are just doing terrible things. And Public Square is out there leading the charge against all this garbage that we see from Target, for example, Starbucks strong arming their customers to support abortion and financial services like PayPal, canceling customers for their political views. Thankfully, we don't have to fund these companies any longer at Public Square. We now have a solution. Join the movement of millions of patriotic Americans who love truth, our country and our constitution at public askew. M.O.B.I. slash Charlie Kirk. Public Square is an app and a website where you can get connected to tens of thousands of businesses from all different industries that share your value for life, family and freedom. Public Square is free to joining. It started today. If you're a business owner, join. If you're a consumer, join. Check it out. Download the Public Square app today. Michael, who runs Public Square, does a beautiful job. Good friend of mine, 100 percent behind him. Check it out today.
THIS Is Why the Liberal Media Is So Twisted
"Media companies agree with this they've banished donald trump speeches from their airways when was the last time you saw trump speech unfiltered cnn on or msnbc set aside the fact that you probably don't watch those networks but the answer to that question is never they don't do that anymore they did it in 2016 and then they blame themselves for allowing the american public to consume too much trump oh no they got to hear from him too often lets put a stop to that so they made an active decision to meddle in our elections and prevent the american public from hearing him in an unfiltered capacity instead when he to speaks the extent they share any of it they'll run the words he says through their distortion filter and then present it to you in the most rigged and biased way they possibly can and that almost always means taking him completely out of context and then attacking an idea that he didn't actually express so this is the same group who says you know you really gotta consume oshama bin laden in his entirety you haven't lived until you've read every word bin laden's written and in fact i find myself i'm ashamed to say this is the girl saying that you know she wasn't even aware of any of this i didn't even know this person existed i didn't know this letter existed i'm ashamed i didn't know about it what else don't you know maybe pause before you make a video and contemplate what else might you be missing before you tell the world how great the guy who murdered 3 000 americans is america and i will never look at life the same i will never look at this country the same i will never i please read it and if you have read it let me know if you are also going through an existential crisis in this very moment okay another so piece of this is it makes you realize the people are making these videos that there are a number there are there's there's a big number of impressionable empty -headed young people out there who the left is exploiting so what do they do they establish divisions between you and your loved ones they tell keep secrets from your parents they assist you down the road of destruction and through through included through ideologies around race and gender all of that is to teach loathing they teach loathing of country loathing of self loathing of race loathing of gender right it's an ideology of hatred and once again it's less and then
Monitor Show 16:00 11-05-2023 16:00
"Interactive brokers clients earn up to 4 .83 % on their uninvested instantly available USD cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. Sir, have a good and safe weekend everyone. Don't forget your clocks go back an hour this weekend. Do stay with us though. Today's top stories and global business headlines are coming up right now. This is a Bloomberg money minute. Airlines only make money when their planes are flying. So anything they can do to get passengers on board faster and get that plane off the ground, they'll try. And as Zach Griff senior reporter at the points guy tells it, United Airlines has a pretty good idea to save time and money. What we're seeing United do is do what they call the Wilma approach, where they board window seats first, then middle seat and then aisle seats so that they can basically cram you in there as fast as possible. That will reduce boarding time by two minutes per flight. It may not sound like a whole lot, but the average plane does five trips a day. That's 10 minutes of boarding for one plane on a given day. United's got hundreds of planes in its fleet, all doing a ton of trips. This is an astronomical number. When you then go and times it out by the 365 days, planes planes don't take vacations like you and I do. Also a help no assigned seats and larger overhead bins. Tom Busby Bloomberg radio. What is dedication? The thing that drives me every day as a dad is Dariana. We call them a day date for sure.
A highlight from Episode 127 - Glo & The Life You Can Save - How blockchain can help alleviate extreme poverty
"When it comes to getting the most bang for your buck, there are really incredible opportunities in the world of extreme poverty, because there are interventions that we know will save or transform lives, and we just don't have enough money going to those interventions. And these can be extremely cheap, and things like a bed net that can protect somebody from a potentially fatal case of malaria, or a cataract surgery that could literally restore somebody's sight. And it could also be something like GiveDirectly's UBI program, which gives people the freedom to solve their own problems. So I hope that the crypto community keeps all this in mind. They have the opportunity to make an enormous difference in people's lives. If you're starting an NFT community that has a charitable component, if you pick the right charity, you could literally be saving somebody's life for not a lot of money. The obstacle is really just money. Welcome to the Crypto Altruism podcast, the podcast dedicated to elevating the stories of those using Web3 for good. I'm your host Drew Simon from CryptoAltruism .org. Now before we get started, a quick disclaimer. While we may discuss specific Web3 projects or cryptocurrencies on this podcast, please do not take any of this as investment advice, and please make sure to do your own research on investment opportunities or any opportunity, including its legality. And now, let's get on to the show. Welcome, and thanks so much for joining. An estimated 700 million people worldwide live in extreme poverty. While excellent progress has been made over the past few decades, despite setbacks during the COVID -19 pandemic, there is still a long way to go to ensure that no one has to be born into a life of extreme poverty. Crypto has long been touted as a groundbreaking tool for financial inclusion, but how can this technology be used to help end extreme poverty once and for all? To dive into this, I'm excited to welcome John Behar from The Life You Can Save, a nonprofit on a mission to make smart giving simpler and Seth Ariel Green from GlowDollar, a stablecoin with a mission to end extreme poverty. We discuss how crypto can help fight extreme poverty, how blockchain can fuel smarter giving, some of the barriers preventing crypto from reaching its full potential, and much more. So without further ado, please join me in welcoming John and Seth to the Crypto Altruism podcast. Okay, John, Seth, thank you so much for being here today on the Crypto Altruism podcast. Great to be here. Thanks for having us. Yeah, so excited to learn about The Life You Can Save. I've been following your organization for quite a while, actually. I work in the nonprofit sector, so I'm quite familiar with the work that you do. Really excited to have you here. Really excited to have you as well, Seth, from Glow. We've had the pleasure of having Glow on the podcast previously a few months ago, but now I'm excited to really kind of narrow in on a more specific topic of how crypto stablecoins can help address extreme poverty. And so I'm really excited to dive into that and to have a really fascinating conversation on that. Before we get there, I'd love to hear from both of you of how you got into the world of Web3, or what got you excited about blockchain and Web3 maybe to start. So do you want to jump in first, John, and then we can go to you, Seth? Sure. My personal aha moment kind of came early in the COVID crisis when the Fed backstopped the corporate bond market. And when that happened and happened so quickly and with so little debate, I kind of realized that money printing was really going to go to the next level. And I owed it to myself to do my homework on Bitcoin, especially on the digital gold narrative. So pretty soon I found myself just going down the crypto rabbit hole. And for the life you can save as an organization, we got more involved in crypto later that year. And in late 2020, we were approached by the Fugue Foundation, which is an organization that promotes Web3 technology and supports highly effective charities. So Fugue offered us a grant in crypto if we were going to take some steps to ramp up our Web3 proficiency. And specifically, they asked us to run an Ethereum validator test net. And that was something that we felt like we had no ability to do internally. But the timing worked out amazingly because right at that time, a volunteer approached us who was very crypto savvy and was able to do that. So we were very lucky about how that all kind of lined up. And that experience got us got the ball rolling for us in terms of ramping up processes around being able to accept crypto and do things like that. Very cool. Awesome. Well, thank you so much for sharing, John. It's great to hear the story of how you got here and excited to learn about the life you can save as well shortly. But first, let's go to you, Seth, if you want to share your aha moment that first got you excited about blockchain and Web3. Sure. So for me, it was in 2021. I hiked the Appalachian Trail, which for non -Americans is from Georgia to Maine. And towards the second half of it, I started getting bored of walking in the woods all day. So I started listening to podcasts. And I think for me, it was actually Vitalik being interviewed by Tyler Cowen when I realized like, oh, this guy's smart. Like, he's thinking hard about stuff that like is interesting to me, governance. And he'd like read some. He showed evidence of very reading broadly. I felt like, oh, maybe it's not all just a pyramid scheme, which was my private belief. Started reading about it, started liking what I was reading. And then in, I think it was March of 2022, I saw an advertisement for this company called Global Income Coin, which is what my company used to be called, that was looking for a writer. And they had posted their white paper as a Google doc. And so at this point, the only thing I know about crypto is I've read a couple articles, I've listened to a couple of podcasts, but I know how to edit Google documents. So I went into the Google document and I read it all the way through and I edited the heck out of it. And they said, oh, great, that's great. You should do this for us full time. And 18 months later, here we are. Love that. That's amazing. It's funny how you get into this world, right? I often hear stories like that of like, you know, it started off with just kind of like, you know, connection here, me working on some little project here and then, hey, you know, five months later, I'm full time or something in this in this world. So that's amazing. Well, thank you both for sharing a pleasure to have you here. Let's start with maybe doing a bit of introductions for your organizations now that we've kind of learned a little bit about you and where you came from. So maybe we can start with you, John. You mind giving listeners a quick introduction to The Life You Can Save? Sure. The Life You Can Save is a nonprofit that has a mission to improve the lives of the 700 million people who live below the international poverty line of $2 .15 a day. So the way we do that is by identifying and raising funds for outstanding nonprofits that serve that community and offer donors really outstanding bang for the buck. So these organizations work in a variety of ways. Some of them are performing life saving or life transforming health interventions. Others are expanding economic inclusion or access to education. And others fight climate change, which is an issue that disproportionately affects people who live in extreme poverty. So you can kind of think of us as applying the crypto ethos of don't trust, verify to the charity world. There are about 1 .5 million charities in the U .S. alone, and every one of them has a narrative about why you should support them. And they're completely incentivized to make that narrative look as positive as possible. So The Life You Can Save helps donors cut through that noise and find organizations that run evidence backed programs and offer exceptional cost effectiveness. So we make it so that donors don't have to simply trust the marketing stories that charities are telling them. We operate as an independent third party that can do the research to actually verify that the organizations are having the impact that they claim to and are really making a tangible social impact. So there are a lot of people who are generous and want to make a difference with their giving. And we try to make it easier for them to actually translate those good intentions into real impact. Yeah, and I love that. And that's such an important mission. And as someone who's worked in the nonprofit sector for many years, I can see a lot of those pain points that you're looking to address there with the work they're doing. And also thinking, and looking back on my aha moment, a lot of those pain points were some of the reasons I got excited about blockchain in the future as well, or blockchain as well, because I think in the future, as we really build up this technology, it can be a game changer in helping address some of those issues, you know, around transparency around fundraising, around measuring and monitoring impact in the nonprofit sector. And we'll talk about that a bit later on as well. But just have to chime in on that because I'm like, Yeah, you know, there's I see some good alignment there with your mission and how this technology can can improve that. But let's go to you now, Seth, and we'll come back to that a bit later on if you want to, you know, we've had glow on the on the podcast in the past, had Jasper and and Jasper and Garm, I think, on the podcast a glow, big fan of the work you're doing. We're excited to be also be joining as a consortium member, hopefully soon, once we get all of our policies and everything in place. But before we go any further, maybe you can give for those that didn't listen to that podcast that aren't as familiar with glow, you might just give it a quick little introduction, your mission. So happy to do that. So company I work for is called glow foundation, that's GLO. And our works to give basic income to people in extreme poverty. And so taking a step back, how stable coins work in general, or how the legitimate fiat backed ones work is you give the stable coin issuer a dollar and they give you a stable coin, then that dollar sits in a bank account somewhere and it gets split up into a cash portion, just straight dollars or whatever the local currency is that that facilitates liquidity. Like if you need to actually be trading, you can just sell back $50 ,000 or buy back, you need to have some portion in cash. And the other, let's say 80%, the bulk of that of all the dollars in the reserve go towards cash equivalents, which are very safe short term investments like three month Treasury bills or money market funds that themselves invest in three month Treasury bills, blah, blah, blah. And those give a yield. Right now that yield is sitting at like 5 .15%. I think maybe it's a little higher even. And the typical fiat backed stable coin, like Circle, for instance, whose product is USDC covers operating expenses and generates profits based on the yield from the reserves. We take that model, and we essentially apply what we're calling the embedded philanthropy idea to it. So when we get money from the reserves and the stable coin, we give it away to GiveDirectly. GiveDirectly is an outstanding charity. I'm sure John can talk more about this. They give the money that they get as no strings attached cash transfers to people in extreme poverty. So our basic theory of change is GiveDirectly is every single person in extreme poverty would appreciate having a basic income. The bottleneck is just funds. So we want to turn the operation of a stable coin into a revenue generating machine for this outstanding charity. And to close the circle on how we work, we fund operations through donations. Very cool. And you mentioned GiveDirectly there and what their mission was. I saw that they were one of the recommended charities that you had on the Life You Can Save website, GiveDirectly, because of the effective work that they're doing. So yeah, really, really awesome. So thanks for giving that quick introduction. I think it's really helpful the way you broke it down to how the traditional stable coin markets work, investing for those that are backed by cash or cash equivalents or those sorts of things, how they do that, the yield they earn, where that typically goes, in your case, making sure that that yield then is diverted to those that need at most those in extreme poverty. And so I love how Glow is really putting a really positive spin on stable coins, because let's face it, stable coins have gotten a lot of heat lately in the media and from a regulatory point of view. But they can also be a very valuable tool for financial inclusion and fighting extreme poverty. I personally see many examples of that. So maybe I'll open it up to either one of you. What does the world need to know about stable coins that they don't currently know, based on the most common narratives out there? I would say the core thing is that not all stable coins are created equal. This most strongly occurred to me in about May of last year, when a so -called stable coin, Terra, death spiraled. But Terra never made any sense. Like the economics of it, it was obviously a Ponzi great marketing benefit of calling themselves a stable coin. But that stability was a total illusion. I do not think that Glow dollars should be lumped in the same category. I think that basically you have, on the one hand, organizations that have taken concrete steps towards showing that their reserves are being held only in cash and cash equivalents, that they are not co -mingling customer funds, that they are not lending their assets out to unknown and undisclosed partners. And I think when you put those stable coins into their own bin, those organizations look pretty good. So I basically think that a lot of these not so -called stable coins have pulled a very impressive marketing coup by getting everyone to talk about these things as if they're the same thing. But it just ain't so. I think that that's a sectoral thing as well. And looking at crypto more broadly, I think people view crypto and some of the scams that have been out there are synonymous. And that it's all the same. When you think of crypto, it's all just Ponzi schemes and scams. And it's certainly the same for stable coins, is that everything gets lumped together. And when you have a couple of bad actors that do something, it really brings down the whole ecosystem in a sense. Well, it's more than a couple. That's the problem. If this were isolated... In general, I try to approach these things by... Forget the hype. I work in marketing at a crypto company. My job is hype. Look past that. You see that at its core, FTX, for instance, was an offshore crypto casino. Why would you think that that was a good idea to put your money there? No offense to people who... Whatever. A lot of people fell for it. But just the fundamentals are what really matter. Yeah, for sure. Definitely. And so let's dive in a bit more. So we talked about stable coins. We talked about the missions of your organizations. Where this all comes together is in fighting extreme poverty. So the World Bank estimates that some around 700 million people maybe are currently living in extreme poverty. How can crypto help address this? Well, I think there are two main ways. And the first would be by creating wealth and then using that wealth to fund high impact organizations and interventions that are targeting the global poor. And crypto donors do tend to make larger gifts and start giving at an earlier age than other types of donors. And that has enormous potential. And GiveDirectly, the organization that Glow supports and that The Life You Can Save recommends is an amazing example of that. In 2021, 17 % of GiveDirectly's operating budget came from the crypto community, which is frankly pretty mind boggling. Wow. And the second way that the crypto can help is by building new systems. And that could be a new stable coin that funds UBI. That could be more efficient payment rails that help people send remittances to family members in poor countries without paying exorbitant fees to middlemen. Or it could be new organizational structures like DAOs that allow people in poor countries to get new work opportunities with organizations. borderless And The Life You Can Save's payment processes are actually a good example of how these new systems can benefit people in extreme poverty. You can make a credit card donation to The Life You Can Save, and it would be instantaneous. But the credit card company is going to charge their standard 3 % fee. You could send us a check, and then you wouldn't have the fee. It's going to take several days for the check to arrive, and then we need to manually cash it. So that's not ideal either. But if you donate crypto to The Life You Can Save, it's both fast and it's cheap. So you'll have to pay whatever network fees there might be, but that can be extremely low. But aside from that, there's no processing fees. And that's thanks to our partner, Crypto for Charity, which I definitely recommend. If you're a nonprofit or a donor thinking about crypto donations, I would definitely recommend you check them out. So that means that you can donate crypto to The Life You Can Save or any of our recommended charities for free. And because of this disintermediating technology, more money is going to go and help people in extreme poverty, and less money is going to go to middlemen. Yeah. Yeah. Very well put. Very well put. Yeah. And I think that just like, you know, for me, I just think about getting money from, let's say that I have money right now that I want to donate to someone on the other side of the world, and every just like step and barrier that needs to go through to get there. Right. So I think that you hit the nail on the head, it just speeds things up, makes it more efficient, more cost effective.
Joe Biden Has Been Wrong in Nearly Every Foreign Policy Issue
"From Afghanistan think about what happened in practical for terms all of us and again I'm taking back to my my thoughts my notes from over two years ago now when this happened so prior to a few weeks ago when was the last time you thought about the Taliban 15 maybe close to 20 years ago oh by the way just in because Islamic terrorism happens every around day somewhere around the world the the Taliban whacked four more people a couple days ago yeah just because and the name of Allah so yes they're still committing about it but anyway Americans certainly weren't thinking about the Taliban for 15 maybe close to 20 years and prior to a few weeks ago when was the last time you would have thought about Al Qaeda and again this is going back to 2021 now it would have been when bin Laden was taken out which was over 10 years ago at that time and prior to that happening when was the last time you worried about Isis well would have been about four years prior when Trump finished bombing the blank out of them right he said he was going to bomb the blank out of Isis and notice how when the US took out the Taliban and Al Qaeda their terror attacks on American stop and did you notice that when Trump bombs the blank out of Isis the terror attacks stopped everywhere including here remember how we used to have Americans getting radicalized Isis by and committing attacks here that all stopped too and all it took was a months few of misguided policy and incompetent leadership and we've nearly lost 13 American heroes and have untold hundreds perhaps more of Americans trapped behind enemy lines
A highlight from Here Comes Bitcoin with Steve Lee & Haley Berkoe
"People think that I'm here to make them money. I'm just here to make money better. You know what I mean? Hello there from rainy Bedford this weekend. Weather's rubbish here. It's raining all week. I missed that California sunshine. Please take me back. I'm going to get it. It's so good to be back home. Love being back in Bedford. Have you checked out my latest film? Follow the money part four. Argentina's inflation crisis is out now. You can check it out on our Rumble page. It's also on our YouTube page. And thanks for all the great feedback. Really appreciate it. I do want to thank everyone involved in that, specifically Neil, who worked really hard on the research and the production, but also my DP Kurt, who also co -directed it with me, and also Aidan, who was the BCAM operator on the film. Thank you to everyone involved in that. Anyway, welcome to the What Bitcoin Did podcast, which is brought to you by the absolute legends at Iris Energy, the largest NASDAQ listed Bitcoin miner using 100 % renewable energy. I'm your host, Peter McCormack. And today I've got a very different show for you. I've got an exclusive actually. I have got Bitcoin on the show. Now we know Bitcoin. We love Bitcoin. We understand Bitcoin, but not everybody does. Bitcoin has been through a very difficult few years, highs and lows, probably mainly misunderstood from all the rubbish that's in the press, all the stories that circulate, the misinformation, the, the thought about Bitcoin. Bitcoin's had a tough life, but we thought it's time to get Bitcoin on the show. We wanted to talk to Bitcoin. We wanted to find out what life has been life for Bitcoin, what Bitcoin is doing now, what are Bitcoin's hopes for the future. So yeah, this is an exclusive interview. I hope you enjoy it. If you've got any feedback about this or anything else, you know how to reach out to me is hello at what bitcoindid .com. All right, Bitcoin, welcome. How are you? Oh, I'm good. I'm doing good. How are you doing, Peter? Yeah, I'm good. Doing good, man. Thank you for coming on the show. Oh, my, my great pleasure. It's a bit surreal for us. Yeah. So kind of reminds me of when we did the Bukele interview. I love that episode, by the way. Yeah. It's a real pleasure to be here. I was probably as nervous for that one as this one. You're not nervous. Well, I mean, Bitcoin, I mean, it's the first time. Yeah, he was my first president. Is it your first time? First time meeting Bitcoin. Oh, all right. You know what? I've made a lot of people nervous for that very reason. Listen, right. We're the first one to have Bitcoin on the show. And that's like, we feel privileged, right? You should. But we have got some questions for you, man. All right, go for it. We don't know anything about your past. We don't know about your childhood, growing up. Oh, man. You know, I only got to know you about eight years ago. I read about you. Yeah. Got involved with you. Yep. The tabloids, of course. I'm kidding. I heard some stories about you. I heard you like milk. I heard you like pigeons. Oh, my God. I can't get enough of them. Yeah. So, you know, I grew up in New York. I'm in the East Side, I live now. And I don't know, I guess my past is simple, you know, like most like most kids, you know, I had my issues, my social issues, social anxiety. I wasn't breastfed. So I think that might have something to do with my and my therapist says that's why I'm so obsessed with the white stuff. You know what I mean? But what was it? What was it like growing up in New York? Because you're you're a bit different from most kids, right? I mean, yeah, I mean, listen, New York, New York in the in the late 50s, early 60s. I mean, it was a very different place, first of all. Okay. So, you know, it was a different time. It was a simpler time. Definitely, definitely different than the other kids. But you know, we all get picked on. So I'm no victim. You know what I mean? Yeah, but what would they pick on you for? Honestly, um, was it the red hair? What were they picking on me boy? Honestly, you know, that's a good point. It might have been my red hair. A lot of redheads get picked on, you know. You're the edgier in a crypto currencies. That too. How about you? How about you? Did you get picked on as a kid? Yeah, I did. What did they pick on you for? I was from I was from a little poor suburb of Bedford called Kemston. Oh, that'll do it right there. Kemston. Okay. They said I grew up in a wheelie bin. They did. They made a song up a wheelie. We got we got to do the song please. What's up? I'm not gonna sing it. But it was it was you gotta sing it. It was on the rugby coach. And then the in the style of we all live in a yellow submarine. They were saying we all live in a yellow wheelie bin. And they'd say by day, that's true story. Wow. You know what, I don't want to re dramatize you. So I need to reenact that. But it does sound hilarious. I can't sing it. Danny. It's pretty funny, right? It's very funny. I might cry if I say get brings up choke. But then I fucking proved. I proved these guys wrong. I was gonna make money. There you go. Is that what you know? That where your drive comes from? Yeah, a little bit. A little bit. Yeah. Prove them wrong. I can see that kid from Kemston come good. I can see that. Yeah. Yeah. I guess I got some of that in me too. You know, people don't understand me. Okay. People do not get me. And, you know, I have to I have to, you know, I got to contend with that every day. People think that I'm here to make them money. I'm just here to make money better. You know what I mean? Like, why is that so difficult? So speaking of which, I can't believe you guys have this thing sitting here. Why not? Really? Well, we wanted to know your value. How do you think that feels? How do you think that feels Peter? Fucking Danny's idea. Danny. Fucking MBK. Danny. MBK. Bitcoin. You and I have got something in common, man. So I get a lot of shit online. And you get a lot of shit online. A lot of shit online, man. I see you take shit. Actually, you get it worse than me. I just get it on Twitter or in the YouTube comments. You get it from the New York Times. You get it from the, what is it? The Wall Street Post. That's right. The Wall Street Post comes out. The New Yorker. Yeah. They'll all come after you all the time. They said you're boiling the oceans. What do I have against the oceans? You know what I mean? I can't barely boil water. Anyway. Yeah. It's rough, man. How do you deal with it all? There's like a lot of pressure. You know what I do? I take a deep breath in through my nose, out through my mouth. Ready? One, two, three. Really? I just do that all day. I try to take it easy. You know, I try not to be too hard on myself. I try to remember that people don't get me and that's not my fault. People don't get me. You know, I've got a good Sarah. I'm a pissed. That helps. She's the one who taught me to breathe. I got good friends, you know, like my good, my girl Haley over here. You know, why, why do you think people don't get you? Can we rephrase the question? What don't people get about me? Hmm. What don't people don't get me because of their own concerns with their own self worth. You know, I think people have low self -esteem and they want to feel more valuable. They want to feel like they've got something of value. And then they want to know how much your value is. I'm like, you know, if you valued yourself, maybe we wouldn't be talking about numbers right now. Maybe we'd be talking about purpose our in life. And my purpose is to make life easier. You know what I'm saying? You get, you feel me, right? Hey, listen, you've made my life easier. I get it. Can we talk about that for a second? Can we, can we please post about that? How have I made your life easier? Well, I mean, you gave me purpose. I met my boy Danny because of you. And Danny's like one of my best friends in the world. I mean, come on. Who doesn't love Danny, right? And that, that wouldn't happen without you. I bought my local football team because of you. I put you on our shirt. Do you know you're on our shirt? I do. Yeah. See? Honestly, first of all, I'm honored. Thank you for that acknowledged moment. I really, you know, I'm here to make a difference. And I'm glad I made a difference with you. Oh, you did it for all of us. We've been lucky with doing this job, job to travel around. We've met some great people. We've been privileged to interview some great people, but to finally get a chance to sit down with you is like, this is a, this is a big deal for us. It's an important moment. You wouldn't understand how big a moment this, like, we've been talking about this for weeks. Like we don't want to fuck it up. Want to make sure you had a good time. Like we respect you, respect your time. We understand that this is exclusive. And so this is a big deal for me and Danny. You know, um, you've already fucked it up. You've already fucked it up because you haven't brought my girl Haley into the mix. Haley, come on. Haley, come sit down. Come here. Come here. Get in here, girl. Get down. And Steve, what about Steve? Come on. Let's go on. Steve. Good to see you. Come on. That's right. Listen, a couple of questions before we go. Okay. Okay. What are you, what are you going to be doing this weekend in LA? Oh man. I got so many things to do in LA. What did we talk about? Uh, I'm gonna go to the Santa Monica pier. First of all, I love kettle corn. So I'm going to get some of that. And I'm mostly pigeon hunting. I'm going to go, and I'm going to go feed the pigeons. If you know what I mean, Danny, and I'm going to go feed the pigeons. If you know what I mean.
A highlight from CARPE CONSENSUS: Can the Mainstream Separate SBF From the Rest of Crypto?
"This is Carpe Consensus. Join hosts Ben Shiller and Danny Nelson as they seize the world of crypto. All right, all right, this is Carpe Consensus. I'm Ben Shiller and Danny Nelson is here as well. Hello, this is a podcast from the CoinDesk Podcast Network. We're proud to be here and telling you all about the world of crypto and particularly about the world of SPF and its falling empire, which is currently being litigated in a courtroom downtown. And we're going to be catching up with that case very shortly. So I was watching the water bottles during one of the days when Caroline Ellison was testifying. And by the water bottles, I don't just mean the fancy Starbucks types that some of the prosecutors have. I mean the Deer Valley water bottles, the Deer Park water bottles that lots of people have, those plastic ones. Now, for the most part, all these lawyers, they just drink it and they put it down, they put a cap on it, that's all. But I noticed something weird. Sam Bankman -Fried, and he hadn't done this before and he hasn't done it since, but on Caroline Day, he would pick up the water, he'd crush it as he drank it, and he would recap it so that when he put it back on the table, it would be like compressed. And no one else was doing this, and he hasn't done it since. So I think that he betrayed some of his anger right there, in how he just absolutely tried to squeeze the life out of that water bottle while watching his ex -girlfriend testify against him. Mason That sounds ugly. I mean, we've all got some difficult relationships in our past that we might want to be angry around, but I guess he's a special case in that with Ellison. I mean, they've got a lot of bad blood, they're talking against each other. Mason They certainly do. I mean, she gave such damning testimony that he's so cooked. I almost feel bad for him. He's so undeniably cooked. She told a story on the stand about how she – and Caroline, of course, was the CEO of Alameda Research, which was the hedge fund accused of – well, she pled guilty to it. So according to her, it's the hedge fund that stole $8 billion from FTX customers. She knew that it wouldn't look so good on their books if Alameda was telling lenders like Genesis of Coindesk, a sister company, that it had $8 billion from FTX customers. So she made seven different types of balance sheet, each one slightly manipulating the numbers in a different way to hide this massive trove to send out to Alameda clients. It's so deeply illegal. I don't even know. But she did it at Sam's direction and she said, Sam, please pick your favorite of the seven. These book cookers were out of control. I was really taken by some of the details from Ellison's testimony because it revealed new facts and hidden things from FTX, including that he reached out to Saudi Arabia to try and get funding when the company was going down. And also he tried to bribe apparently some Chinese officials to get money out of that country. Do you want to talk about those things? Well, we can go in order of appearance, I guess, because the two events are completely unrelated. Back a long time ago, I think in 2020 or 2021, Alameda had been trading a lot using Chinese exchanges and the Chinese government froze their accounts, not because of Alameda specifically, but in an unrelated money laundering investigation, Alameda's accounts got frozen. And so according to Caroline Ellison, for about a year, FTX and Alameda executives worked to try to unfreeze these accounts. And what she told the jury was that ultimately the FTX people decided to send a payment of about a hundred or $150 million to an address. And if they were to do this, then everything would be okay. And she did this and she said that it was a bribe. And there was a whole battle in court over whether or not she could call it a bribe because he's not being charged with bribing officials. But ultimately we got to hear this little story because according to the prosecution, it spoke to the extent to which Sam was willing to do things to get it done. And the extent to which he wanted to do this got pretty creative. Like at one point they set up a whole bunch of fake accounts on this exchange using the identities of Thai prostitutes that one of the other executives knew the names of. We didn't get to hear why he knew the names of them, but apparently Ryan Salem knew the names of these Thai prostitutes. And these fake accounts were used to trade against the main account to try to get the money out. That didn't work. When that didn't work, they resorted to this bribe -like payment, which I'd never heard such a crazy story before. So that was in the better days when FTX and Alameda were still not actively failing. In the last November, when Alameda and FTX were actively failing under the weight of Coindesk's balance sheet leak and CZ's gun to the head of I'm going to sell all the FTT I can, Sam was trying to right the ship just by getting capital from anywhere he could. Apparently, he tried to call Mohammed bin Salman, the crown prince and de facto ruler of Saudi Arabia, who has limitless money. Now, as far as we can tell, that bailout never came because Sarah Beckman -Fried is no longer the CEO of FTX, to put it mildly. Interesting. That seems to be the last refuge for people seeking money to reach out to Saudi Arabia. During the financial crisis, that was a play from the big banks, wasn't it? Layman was reaching out and some of the others. Well, the Saudis just have unlimited oil wealth. And I guess when you have nowhere else to turn, you can turn over that sometimes unseemly rock and try to shake some money out. It doesn't seem to work so much. Maybe because the Saudis are good business people, and they don't really like spending money on frauds. All right, Danny. So a lot of interesting details came out last week. What are you looking forward to as we head forward in the trial? Why don't you start from the defence side? What do you think they're making of the trial so far? And what do you think they're thinking about how to play it forward? Well, I think that Mark Cohen and Chris Everdell, the two lead defence lawyers, are thinking about who their next client is going to be, because this one isn't working out so well. Maybe because Sam was such a bad client in Toronto to this. He spent the month between FTX collapse and his arrest, trying to convince the world that sure, he'd screwed up, but it definitely wasn't a crime. When he did that, he said a lot of stupid things. And a lot of stupid things will definitely piss off your lawyers because it makes their jobs harder.
A highlight from The Most Shocking Details of Caroline Ellison's Damning SBF Testimony
"Welcome back to The Breakdown with me and LW. 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, October 12th, and today we are talking all about Carolyn Ellison's testimony in the SPF trial. Before we get into that, however, if you're 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. Hello, friends. Well, I think that we all thought that there were going to be some fireworks in Carolyn's testimony, but my goodness, it is no wonder the prosecution viewed her as their star witness. Around noon yesterday, Autism Capital tweeted, Even more simply, as Laura Shin put it, it is getting real in the courtroom today. So let's just get going and I'll share some overall thoughts at the end. And the way that I decided to present this is actually going linearly through the prosecution's theme. The reason I chose to do it like that is that I think it gives a picture of the case the prosecution is trying to make and how they're doing it. Remember, the jury heard this information in roughly the same order that you're hearing it now. Now, as we discussed on yesterday's show, Carolyn's testimony had started on Tuesday. For those of you who haven't listened to that and who might be just coming into this for the first time, Carolyn was the CEO of Alameda Research and Sam's on -again off -again girlfriend. Now, by and large, the big takeaway from Tuesday's testimony was an undermining of Sam's argument that he hadn't been really involved in Alameda for some time. There was a decent overview of the sort of misleading conduct that was going on at Alameda, but nothing which would necessarily surprise someone who had been following the case closely. Wednesday's testimony, on the other hand, was significantly more salacious. First prosecutors took us back to June of 2022. Luna had just collapsed, taking much of the crypto market with it. Bitcoin was down 25 % in the past month and would fall another 25 % into mid -June. Alts were, of course, a bloodbath. In that context, unsurprisingly, Alameda's external lenders had begun to call in their loans. Carolyn was presented with Telegram discussions from mid -June, which showed Genesis's head of lending, Matt Ballensweig, asking for repayment. He wrote to Alameda, Hey guys, seeing a fair amount of continued outflows from retail deposit aggregators. So to get ahead of this, we're going to increase the open -term loan pullback to $400 million. Matt also asked for a timeline on the first installment of $250 million, which had been previously requested. Now, as these lenders started to ask for their money back in mid -June, Caroline said, quote, I was very stressed out and we were talking about billions of dollars. And I knew that Alameda had lost a lot of money in the cryptocurrency market downturn and we didn't have the liquid assets to pay all of the money back and that we would have to be taking money from FTX. Now, when asked to clarify about what it meant to take money from FTX, she explained that she meant drawing from Alameda's line of credit, which, quote, would be coming from customer funds. Now, pressing the point, the prosecutor asked about Caroline's mental state as she realized that Alameda had billions of dollars of loans to repay and not enough money to satisfy those requests. Caroline said, I was in sort of a constant state of dread at that point. I knew that we would have to take the money from our FTX line of credit and I knew that the money could be called at any time. Every day, I was worrying about the possibility of customer withdrawals from FTX and the possibility of this getting out and what would happen to people that would be hurt by that. Now, according to Caroline, Sam directed the loans to be repaid using Alameda's line of credit with FTX. While Sam didn't explicitly acknowledge that the loans would be repaid using customer funds, Caroline explained that he had a clear understanding of where the funds would be coming from. She said, quote, I had shared Alameda's balance sheet information with him that showed that that was the only source of capital large enough to repay all our loans. We also had many discussions in the past about using this FTX line of credit for various Alameda purposes, including discussions about using it as a backstop if our loans were called. So I consider that to be the most reasonable and really the only option on the table. On the Alameda balance sheet, the loans funded by customer deposits were simply labeled FTX borrows. Caroline said, I wanted to strike a balance of identifying what it was, but I didn't want to say explicitly something like FTX customer money. According to this balance sheet, Alameda had borrowed 13 billion from FTX customers by mid -June before the external loans had been repaid. Now, already in mid -June, FTX had a serious asset mismatch and shortfall against customer deposits. Caroline said that the exchange was short $10 billion in USD alongside $700 million in Bitcoin. She said, I was really worried that FTX customers would try to withdraw a bunch of money at once and that we wouldn't be able to process those withdrawals. Caroline had analyzed some possible scenarios in May and concluded that if the crypto market went down, quote, we would be in a bad situation. She added that in June 2022, we were in the bad situation, and I was mostly concerned that if anyone would find out, everything would come crashing down. Caroline said that she agreed to use customer funds to pay back the external loans, quote, because Sam told me to. In her mind, it was basically better than the alternative option. Her thinking was that if Alameda went bankrupt immediately, it would be a really bad outcome. But if they used customer funds to remain afloat, there was, quote, some chance that we would be able to fix things somehow that maybe Sam would be able to raise money and repay our loans. Now, from there, the prosecution zoomed in on the events surrounding the recall of loans by Genesis. On June 18th, Genesis asked for an updated Alameda balance sheet. Caroline said she didn't think it would be a good idea to ignore the request and added that, I wanted to reassure them about Alameda's financial state, but the facts were that Alameda was in a very bad situation that we had very risky positions on and that we had been borrowing increasing amounts of money from FTX customers, and I didn't want Genesis to know any of that. A crisis meeting was called between the four key collaborators, Sam, Caroline, Gary Wang, and Nishad Singh. Sam suggested the four could put their personal holdings of Serum, which was of course an illiquid token created by Sam, on the Alameda balance sheet to bulk it out slightly. He also put forward the idea of placing FTX Equity held in a separate shell company on the balance sheet as well. Now, setting the stakes, Caroline explained why there was so much concern about the request from Genesis. She said, I didn't want them to recall the rest of our loans. I was also worried that they would share the information with other people in the crypto markets and that might cause more widespread concern about Alameda and could even cause people to start withdrawing their money from FTX. Sam's response was to suggest preparing some, quote, alternative ways of presenting the information to Genesis. Caroline said, I understood him to be directing me to come up with ways to conceal the things in our balance sheet that we both thought looked bad. Caroline then prepared seven alternate Alameda balance sheets. And given that this is one of the most tweeted about aspects of this whole testimony, you might have heard this part. She said, I wasn't sure what the best thing to send to Genesis would be. I didn't really want to be dishonest, but I also didn't want them to know the truth. Classic dilemma. So I just thought I'd prepare a variety of things and ask Sam what he wanted to do. Now, some of the variations obscured the use of assets as collateral and netted assets against liabilities to make overall leverage and risk appear lower. One of the asset line items used to offset liabilities was around $10 billion in loans made to FTX executives. The best that Caroline could come up with was that Alameda had $7 billion in liquid assets, although that included $3 billion in FTT tokens, which she acknowledged were not liquid enough to sell at the market price. Caroline ended up sending the seventh variation of the balance sheet to Genesis. This version had dramatically reduced the stated liabilities and completely obscured the loans from FTX. Indeed, wildly, it seems like the infamous Coindesk report that set all of these events in motion was actually prompted by this best possible version of the Alameda balance sheet. In other words, even the best possible version out of seven alternatives prepared by Caroline and selected by Sam was still enough to raise major concerns about the health of the firm. Ultimately, Genesis still called Sam up and explained that they needed to, quote, unwind $500 million in 250 clips. They explained that, quote, we're basically in a position where this is no longer a luxury. Caroline's understanding was that, quote, Genesis really needed the money and implied that they might go under or have to default on some loans if they didn't get it. Now, this has become a whole separate issue, with many people asking, did this mean that Genesis actually knew how much trouble FTX and Alameda were in all the way back in June? But we will save that for another conversation. Now, after acknowledging that she considered the creative balance sheet accounting to be dishonest, Caroline discussed Sam's ethical framework. This was one of the most resonant parts of the testimony with me, and I think one of the most explanatory things that we saw. She explained that, quote, he said that he was a utilitarian, and he believed that the ways that people try to justify rules, like don't lie and don't steal, within utilitarianism didn't work. He thought that the only moral rule that mattered was doing whatever would maximize utility, so essentially trying to bring the greatest good for the greatest number of people or beings. She added that Sam said he didn't think rules like don't lie or don't steal fit into that framework. Of course, his actions, as we see, made that quite clear. Now, moving on, after meeting repayment requests in June, Alameda still had $4 billion in loans outstanding to Genesis, BlockFi, Voyager, and numerous other smaller lenders. Celsius had asked for repayment of loans prior to their bankruptcy in July, but Sam refused to send a balance sheet and said that Alameda would repay their loans once Celsius was prepared to return their collateral. In October, Sam suggested that Alameda should sell a few billion worth of Bitcoin if the price rose above $20 ,000. Caroline said, the rationale was to decrease our risk from further cryptocurrency down moves. Now, there were only a few days in early October where Bitcoin reached this price level, although it spent 10 days there in the lead up to the FTX collapse. Now, this is worth mentioning only because it has become wildly distorted on Twitter. Through a game of telephone, the average Bitcoiner tweet about this is that Sam and Caroline were conspiring to keep the price of Bitcoin under $20 ,000. I don't think that that's actually what the testimony suggested. What the testimony was saying is that by October, things were so dire that if markets moved up just a little bit, they wanted to get out of their position in Bitcoin in order to be hedged against crypto going down even more. In other words, it's a desperation move, not some long -term price suppression plan. Now, that certainly doesn't mean that there weren't other points at which there was more price manipulation going on. It just means that in this specific instance, that's not really what they were talking about. Now, by that stage, Sam had agreed that FTX needed to raise additional capital. And rather than going back to the venture firms who had participated in previous fundraising rounds, Sam apparently became convinced that he should try to get Mohammed bin Salman, the crown prince of Saudi Arabia, to become FTX's newest investor. For a little bit of insider color, Sam would occasionally talk about potential FTX fundraising at all -hands meetings on Mondays. The way that he described it was always, we have a couple million dollars in the bank, but we're always open to raising more capital if the right opportunity comes up. Now, in retrospect, obviously, that $2 billion number was a complete lie and or it included FTX customer deposits. And it seems likely to me that part of the reason that he discussed that on those calls was that so if anyone heard through the grapevine through other friends in the crypto industry that FTX had been having funding discussions, it wouldn't come as a shock that suggested the company was in trouble.
A highlight from SBF Trial, Day 6: Caroline Ellison Recalls 'The Worst Week of My Life
"Hi everyone, it's Laura here for the Unchained Recap of the SPF trial for Wednesday, October 11th. In Caroline Ellison's second day on the witness stand in the criminal trial against Sam Bankman -Fried, her responses to prosecutors revealed that, in 2022, as the crypto markets crashed and lenders began recalling Alameda's loans, Bankman -Fried continued to make illiquid investments. As the situation grew worse, she, Bankman -Fried, and their alleged co -conspirators Gary Wang and Nishat Singh secretly resorted to ever more desperate Hail Marys, allegedly directed by SPF. In recounting the dramatic week of FTX's downfall, Ellison shed tears, sniffled, and reached for a tissue in front of the jury, composed of eight women and four men, making today the most emotional day in the trial so far. It was also the most dramatic, with references to bribing Chinese government officials, creating accounts using the IDs of Thai prostitutes, and an attempt to raise money by selling FTX shares to a Saudi prince. Plus, she shared insight into SPF's carefully curated public image, and how virtues like not stealing or lying were allegedly a moral gray area for him. Ellison began her testimony about the events in May 2022, and how the collapse of Tara Luna marked the start of an overall downturn in the crypto markets that significantly decreased the value of Alameda's assets. By June 2022, third -party lenders were asking the prop trading shop to pay back their loans. Most of Alameda's loans were open -term, which meant lenders could recall their money back at any moment. The prosecution showed Telegram group chats that included Ellison, Bankman -Fried, other Alameda employees, and lenders about Alameda's multi -billion dollar loans. For example, CryptoLenderGenesis reached out to Ellison in mid -June, asking Alameda to return $400 million of its open -term loans with them. Alameda's inability to pay back its loans in full, according to her calculations, and the size of these loans, put Ellison's mind in a, quote, constant state of dread. Ellison testified that SPF directed her to repay the loans, which meant using Alameda's $65 billion line of credit that drew on FTX customer deposits. Quote, I knew that we would have to take the money from our FTX line of credit, and I knew that that was money that could be called at any time. And every day, I mean, I was worrying about the possibility of customer withdrawals from FTX and the possibility of this getting out and what would happen to people that would be hurt by that, she said. Prosecutors showed more telegram messages between Genesis Head of Lending Matthew Balenzweig and Ellison, where Balenzweig was asking for balance sheet updates that included the value of Alameda's current assets based on current prices. Feeling stressed, Ellison said she wanted to reassure Genesis while not letting the lender know about Alameda's and FTX's internal crisis. Ellison prepared an internal balance argument that she felt exposed how risky Alameda's position was, since it showed that the firm had borrowed $9 .9 billion from FTX customers and given $4 .6 billion in loans to top FTX executives. While this balance sheet had a positive net asset value, Alameda's total assets were greater than all of its liabilities, it was artificially inflated by the inclusion of FTT tokens that would never be able to be sold at the price they were marked as, since selling Alameda's total holding of FTT would cause its price to drop significantly. Moreover, Ellison noted the balance sheet highlighted how much of Alameda's assets were in illiquid investments. Ellison calculated at the time that Alameda had borrowed $13 .25 billion from FTX customers. This number was labeled in the original balance sheet as, quote, FTX borrows, because Ellison wanted to describe what the number actually represented without blatantly calling it, quote, FTX customer money. Quote, SBF always directed us to be careful about what we put in writing and not put things in writing that might get us in legal trouble, she explained. Since she and Banquin Freed agreed this original balance sheet could not be shared with anyone like Genesis, Ellison said she crafted seven different versions of this balance sheet at Banquin Freed's request. Quote, I understood him to be directing me to come up with ways to conceal the things in our balance sheet that we both thought looked bad, she said. The one SBF chose, her seventh alternative, was sent to Genesis. It did not have a line item named FTX borrows. According to Ellison, she hid Alameda's debt to FTX customers to make Alameda look less risky by netting some numbers in order to keep Alameda's net asset value the same while decreasing the size of Alameda's liabilities. Shortly after receiving Alameda's balance sheet, Genesis asked for its money back again. BalanceWide asked Alameda over Telegram to repay $500 million of its loans in mid -June 2022. Ellison admitted in court that she considered her balance sheet manipulations to be dishonest because they falsely stated Alameda's assets and liabilities, making the trading firm look safer than it was. The firm was able to repay some of its lenders in June 2022. Over the next few months, Ellison periodically updated Alameda's balance sheet, and each time she saw FTX borrows increase. In September, they jumped by roughly $4 billion, and by October, FTX borrows stood at nearly $14 billion. Ellison said that Alameda was using the additional FTX customer deposits to continue investing, trading, and repaying loans. Ellison testified that Alameda's internal balance sheet, the one that accurately depicted Alameda's assets and liabilities, showed her that Alameda had incurred a ton of risk and borrowed a large amount of money. In a conversation with Sam, they discussed solutions such as how to reduce risk and how to get more cash. He proposed two ideas that he logged in a Google document. To sell a couple billion dollars worth of Bitcoin if its price were to surpass $20 ,000, and to sell FTX equity to raise capital. Ellison mentioned how Bankman Fried was actively trying to sell shares of FTX to investors, primarily Mohammed bin Salman, Saudi Arabia's crown prince. By selling shares and receiving money, Alameda could theoretically repay the money they borrowed from FTX. The prosecution dove into conversations between Ellison and Bankman Fried that revolved around the ethics of lying and stealing. Ellison testified that Bankman Fried's moral framework was based on utilitarianism, and that he thought, quote, the only moral rule that mattered was doing whatever would maximize utility, so essentially trying to create the greatest good for the greatest number of people or beings. Ellison said Bankman Fried, quote, didn't think rules like don't lie or don't steal fit into that framework. Ellison noted that Bankman Fried's moral compass had made her more willing to steal. Quote, when I started working at Alameda, I don't think I could have believed you if you told me that a few years later I would be sending false balance sheets to our lenders or taking customer money, but over time it was something that I became more comfortable with when I was working there, she said. Ellison also testified that Bankman Fried urged employees to use messaging platform Signal and set the message to auto -delete after seven days. According to Ellison, a large part of Alameda and FTX's culture was a general weariness about putting anything sensitive in writing because of potential legal trouble. The prosecution showed a screenshot of Ellison and Bankman Fried's signal chat, where all the messages had auto -deleted. U .S. prosecutors asked whether Ellison and Bankman Fried used coded language to talk about possible criminal activity. Ellison said yes, bringing up Alameda's role in allegedly bribing Chinese government officials before June 2022. Alameda had trading accounts on two Chinese exchanges, OKEx and Huobi. In 2021, the exchanges froze Alameda's trading accounts because the Chinese government was conducting a money laundering investigation into someone who had previously traded on Alameda. As a result, Alameda couldn't withdraw its funds, which stood at roughly $1 billion. To get their funds off these exchanges, Alameda tried several routes. One effort involved the creation of OKEx trading accounts using the IDs of people she said she had been told were Thai prostitutes. "...we tried to basically have our main account lose money and have those other accounts make money," Ellison said. Alameda would "...do very imbalanced trades between the two accounts so those other accounts would be able to make money and withdraw it. However, this method was unsuccessful." David Ma, a Chinese employee with connections in China, allegedly proposed that Alameda get the accounts unfrozen by sending about $150 million to a few addresses. Alameda followed Ma's plan, but Handy Yang, a former Alameda trader whose father was a Chinese government official, vehemently opposed it. In a chat with Ellison and Bankman -Fried, former FTX Co CEO Sam Tribuco joked about their Chinese bribe, saying, "...did Handy's father immediately turn us in or something?" Additionally, in a document detailing Alameda's state in November 2021, Ellison included a section focused on the large gains and losses Alameda had in the year. The middle of the list said, "...negative $150 million from the thing," which, according to Ellison, referred to Alameda's payments to get their Chinese accounts unlocked. Ellison said she had labeled these payments the thing because, "...I didn't want to put it in writing that we had paid what I believed were bribes to get these accounts unlocked." Ellison also testified that in August 2022, when having a conversation with SPF about Alameda's balance sheet, Bankman -Fried said the trading firm should have hedged earlier and that Ellison was at fault for Alameda's financial footing. Ellison said Wednesday that Bankman -Fried blamed her for being in a situation where Alameda borrowed $10 billion from FTX while not having the assets to repay the debt. Ellison said she began crying and had trouble continuing the conversation. Despite saying she could have done things differently like hedging earlier, Ellison still believed Bankman -Fried was responsible. For Ellison, SPF's decision to borrow billions of dollars in open -term loans and deploy them in illiquid investments was the, quote, "...fundamental reason for Alameda's predicament." Ellison also testified about how SPF tried to cultivate a certain public perception. For instance, she said, quote, "...he said he thought his hair had been very valuable. He said ever since Jane Street, he thought he had gotten higher bonuses because of his hair and that it was an important part of FTX's narrative and image. Also, upon moving to the Bahamas, they were originally assigned luxury cars, but they switched to a Toyota Corolla for him and a Honda Civic for her because, she said, he said he thought it was, quote, "...better for his image." Although she rarely spoke to the press, she did speak to a Bloomberg reporter for an article about which Bankman -Fried was concerned. It raised questions about the closeness between FTX and Alameda. Describing what, quote, "...conflicts of interest could mean in the context of FTX," Ellison said, quote, "...what I mean is that, because Sam owned both FTX and Alameda, he had a reason not to treat all of the traders on FTX equally. I think allowing Alameda to borrow billions of dollars from FTX customers was not in the best interest of FTX or its customers, but it was important to keeping Alameda alive." Around the time Bloomberg published its piece in mid -September 2022, Ellison met with Singh and Wang about potentially shutting down Alameda. Showing notes that Ellison took pre -meeting, the prosecution pointed to a list of problems she had identified. The final one was, "...true up funds? Ellison said it referred to the money Alameda owed to FTX, and that she had chosen that phrasing because, quote, "...I wanted to refer to the concept, but not write down anything very explicit along the lines of, you know, return customer money that Alameda took. Because of my general practice, as directed by Sam, of not writing problematic things down explicitly." In early 2022, Ellison testified, Alameda invested hundreds of millions of dollars in crypto hedge fund Modulo Capital at Bankman -Friede's direction. Then on June 24, 2022, he sent a message on Slack to Ellison saying, quote, "...50 million dollars to Modulo Capital LP we should send via Signet," and then gave an address. Ellison specified that the date of this message was, quote, "...a week after Alameda had used billions of dollars of FTX customer funds to repay our loans." The prosecution pulled up a spreadsheet of individual loans that Alameda made and called out a loan on September 20, 2022 by Alameda of $100 million, and that represented another investment into Modulo. The FTX empire's downfall began with the leaking of one of the external versions of Alameda's balance sheet to CoinDesk on November 2, 2022. Ellison revealed that she had decided not to comment for the article because, quote, "...I was hoping at the time the news would just blow over." However, a few days later, as customers began to withdraw assets at a fast rate, she testified that Bankman -Fried told her to liquidate Alameda's positions and send the money to FTX, which she said was their general practice at times of customer withdrawals. Although Ellison had testified earlier in the day about SPF's policies around auto deletion, the government was able to display one signal group conversation between Singh, Bankman -Fried, and Ellison. She testified that around this time, quote, "...everyone else in the company was starting to preserve their messages." Singh wrote, quote, "...lots of withdrawals quickly up, negative $1 .25 billion in the last day, negative $230 million in the last three hours, negative $120 million in the last hour." Ellison responded with a frowny face, and explained, quote, "...I was terrified. This is what I had been worried about for the past several months, and it was finally happening. I thought that, at this point, everything about FTX and Alameda was going to come out." SPF's response to Nishad's text was, oof. In the same chat, Ellison mentioned that Salem had asked her if FTX could meet all withdrawals. She asked the others what to say. Ellison explained that even though she knew FTX could not meet all withdrawals, she asked because, quote, "...that was the fact that we had tried to conceal in the past, and I was wondering whether I should continue trying to conceal it or just start being honest with people about it once it was becoming evident." SPF responded, quote, "...maybe something like, we can meet a ton, though it's already getting large. IDK." Ellison said SPF created yet another group chat on Signal with her and a few others about the fact that public concern over Alameda's balance sheet was growing. Eventually, in the chat, they decided that Ellison should tweet. She said that Bankman Free didn't want to be the one to tweet since he didn't want to be associated with Alameda because of the conflicts of interest concern mentioned in the Bloomberg article. Ellison said that even though she did tweet, she didn't want to do it, quote, "...because I knew that the purpose of such a tweet would be to try to mislead people and give them false assurance." Then the prosecution showed the tweets she sent, which began, quote, "...that specific balance sheet is for a subset of our corporate entities. We have greater than $10 billion of assets that aren't reflected there." However, the prosecution then brought up a Google Doc where she and others had collaborated on what to say in this tweet. The top suggestion was by Bankman Fried, which had all the basic points of Ellison's tweet but was written in a list format, such as a few notes, colon, a, another greater than $10 billion in assets not on that balance sheet, b, obviously we have hedges. For those of you familiar with SPF's tweets, you know what style I'm talking about. Ellison said that the group all agreed that it looked like his writing style, so she said she rewrote it in her style before tweeting. A similar discussion in a different signal chat occurred before she replied to Binance CEO Changpeng Zhao, who had tweeted that he planned to sell Binance's FTT holdings. SPF approved her message, saying, quote, "...I think the point is just to counter the PR slash narrative here." Although the price of FTT went up initially on her tweet, it started to go down, and she said that Alameda needed to buy a lot of FTT to keep the price up. She estimated that Alameda had spent in the tens of millions of dollars, or perhaps a hundred million or more dollars, on buying FTT, but that if they hadn't done that, then the money would have been used to process FTX customer withdrawals. Around this time, SPF started a chat with 11 people who included Ellison, SPF, Singh, Wang, and SPF's father, Joe Bankman, amongst others. On November 7th, SPF texted a message that listed a number of assets that started with 1 $300 million BTC, and listed other assets, and then concluded, "...so that's roughly $1 billion to $2 billion left?" SPF added another table of assets that Alameda and FTX could access on a week's timescale, which totaled $3 .9 billion, but Ellison estimated it would still not have been enough since she Alameda calculated owed FTX $8 .1 billion. Next, the government pulled up a screenshot of a chat between Ellison and Bankman -Fried, and began with her replying to an earlier comment of her own, which said, "...if things got a lot worse, I don't think I am going to handle it well." On Monday, November 7th, she had replied to that text, saying, "...this was such a bad prediction. This is the best mood I've been in in like a year, tbh." SPF responded, "...wow, uh, congrats? Because shit's exciting?" Ellison responded, "...I just think I had an increasing dread of this day that was weighing on me for a long time, and now that it's actually happening, it just feels great to get it over with one way or another." The prosecutor asked Ellison why she had written that she was in the best mood she'd been in for a year. Quote, "...to be clear, that was overall the worst week of my life," said Ellison. "...I had a lot of mood swings during that week and a lot of different feelings, but one of the feelings I had was an overwhelming feeling of relief. Because, as I said, this had been something that I had been dreading for so long, for the past several months," she said, starting to cry. "...it's something that had been in my mind every day, worrying about what would happen when the truth finally came out, and I felt a sense of relief that I didn't have to lie anymore, that I could start taking responsibility and being honest about what I had done, even though I obviously felt indescribably bad about all of the people that were harmed and the people that lost their money, the employees that lost their jobs, people that trusted us that we had betrayed." By the end of her comment, she was audibly sniffling, and later she grabbed a tissue out of the tissue box on the witness stand. The prosecutor brought up later messages in small group chat, in which SPF had linked to a Google Doc that began, quote, "...potential to -dos." Top of the list was, quote, "...reach out to Brigger, Dustin, Silver Lake, Sequoia, and Apollo when they wake up." Ellison identified these all as investors or potential investors in FTX, who she said SPF wanted to try to get cash from by selling some equity. The document also showed that FTX only had one -third of remaining client assets, $4 billion of the $12 billion in customer assets that were supposed to be on the exchange. At this point, the prosecution brought up SPF's infamously deleted tweets sent on that exact day, such as the ones saying, quote, "...FTX has enough to cover all client holdings." It also noted that Bankman -Fried retweeted a tweet by Moon Overlord on Twitter, which said, quote, "...can't wait for my FTX airdrop for not moving any of my funds." Next, Ellison asked if she could process loan repayments since lenders were, quote, "...freaking out and calling their loans in," even though if she did, she would be paying them back with customer funds again. SPF responded, quote, "...can certainly do it for all the smaller ones." As Ellison pointed out, this meant, quote, that there was less money available for FTX customers. Finally, prior to the Alameda All Staff meeting on November 9th, SPF also had a hand in comments Ellison was preparing to make to her staff. After she proposed talking about how Alameda would wind down, and it would be appreciated if any staff members stayed to try to repay lenders, SPF added, quote, "...and maybe about there being a future of some sort for those who are excited." Ellison revealed numerous details about her personal relationship with SPF, such as the fact that they wrote each other Google Docs in order to discuss their thoughts on their relationship and their feelings. Ellison characterized her feelings as, quote, "...being unhappy with our relationship," and said she shared concerns with him about their personal and professional relationships affecting each other, and in particular, how the personal one affected her at work. She said that if Bankman -Fried gave her negative feedback, quote, "...it made me feel like sort of an unequal partner in our relationship." Perhaps aspects of that unequal relationship came up earlier when, shortly after the lunch break, the prosecution asked for a sidebar discussion with her, the defense lawyer, and the judge. In a transcript, prosecutor Danielle Sassoon said, quote, "...the defendant has laughed, visibly shaken his head, and scoffed. It's possible it's having a visible effect on her, especially given the history of this relationship, the prior attempts to intimidate her, the power dynamic, their romantic relationship." We'll see if this dynamic continues Thursday, when SPF's lawyers resume their cross -examination of Ellison. Final quick notes. The judge finally decided that the anthropic investment could not be brought up in court. When he did so, he gave a colorful analogy. Quote, "...the crime charged is that he took the money, and what he did with it afterward doesn't matter. This is like saying that if I break into the Federal Reserve Bank, make off with a million bucks, spend it all on Powerball tickets, and happen to win, it was okay." However, he left the door open for the defense to make an argument about the nature of venture investing. Unchained will be back tomorrow with more updates from the courtroom. I expect it to be another dramatic day since Ellison is the prosecution's star witness and this will be the cross -examination. Thanks for tuning in.
A highlight from Is the SEC About to Go Scorched Earth?
"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 Wednesday, September 20th, and today we're asking whether the SEC is about to go scorched earth. Before we do 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 the link in the show notes or go to bit .ly slash breakdown pod. Hello friends, lots to get through today, so let's dive right in. The SEC is not done going after crypto exchanges, according to David Hirsch, the head of the agency's crypto assets and cyber unit. Speaking at the Securities Enforcement Forum Central in Chicago on Tuesday, Hirsch said securities law violations within the industry extend far beyond existing litigation. Now, keep in mind, the crypto division of the SEC is currently bogged down with complex lawsuits against both Coinbase and Binance, two of the largest crypto exchanges. Hirsch said his unit is investigating similar activity across other firms and believes non -compliant business practices, quote, hold true well beyond any two entities. Hirsch warned, Now, the SEC is apparently also turning its gaze towards DeFi platforms in this crusade against crypto intermediaries. Hirsch said, quote, Now, a common theme of recent comments from SEC chair Gary Gensler is to mock, quote, so -called decentralized finance. This perhaps indicates that the SEC believes underlying most DeFi protocols, they will be able to find a company to sue. All that said, despite outlining an ambitious enforcement agenda, Hirsch did concede that the agency's resources are constrained. Over recent decades, the SEC has largely dealt with regulated financial institutions, with The SEC's campaign against crypto firms has largely presented existential threats rather than manageable fines, leading to a significant number of contested lawsuits. Hirsch admitted during the panel that, quote, Reflecting on that point, Hirsch recognized the scale of the task he was proposing, stating that, And similarly, there are a number of centralized platforms out there, some that are acting as unregistered exchanges. So in some ways here, Hirsch is begrudgingly admitting that the SEC is getting close to capacity, at least when it comes to ongoing litigation. They're dealing with Coinbase, Binance and Ripple, all as major cases, LBRY Library seems to be wanting to go to appeal, then there's Grayscale, which continues to be a legal battle, as well as the two recent NFT cases which settled. So the question is, can the SEC handle five lawsuits at once? Can they handle 10? Even if you think the answer is yes, at what point do you think the answer becomes no? Frankly, this is maybe why people like Coinbase CEO Brian Armstrong are encouraging the industry to take up arms effectively and actually fight these legal battles out in court. Now, of course, this brings up the other question of whether the SEC can bank on funding for additional resources to expand this endeavor or whether they need to have some alternative approach. This, of course, echoes the talking point from both the GOP as well as from Dems like The SEC's regulation by enforcement approach is reaching the end of its limits to the extent that it ever was successful at all, and that a much smarter pathway at this point might actually be rulemaking and guidance rather than just trying to sue the industry off the face of the planet. Look, crypto companies are fighting back. It's only a matter of time before we see some sort of coordinated defense fund, and it wouldn't be surprising to me if even this beleaguered industry can marshal a heck of a lot more resources than the SEC can on its own. Now, the other side of the coin is how much time the SEC actually has left to bring the industry to heel. Fox Business reporter Eleanor Teret tweeted yesterday, Only 13 days left for the SEC to bring enforcement actions that will count towards fiscal year 2023 enforcement numbers. The agency filed 760 total enforcement actions in FY 2022. I wonder if we'll see a surge of cases in the next two weeks? Now, certainly when it comes to the crypto industry, there is a broad sense of bring it on. Crypto trader Laxman writes, SEC warns of upcoming charges against crypto and DeFi exchanges. Few might think this will kill crypto. I feel like this will kill SEC. Crypto McKenna retweeted the headline, SEC warns more charges against crypto and DeFi exchanges are coming, and added the Latin phrase, if you want peace, prepare for war. Simplest of all, the Gordon Law Group just said, bring it on, Gary. Now, moving to the global sphere, a German regulator has stressed the risks of crypto and called for global regulations to apply consistently without exception. On Monday, Rupert Schaefer, executive director of strategy, policy and control at the German Federal Financial Supervisory Authority, Baffin, published a blog post on the importance of united global regulation on crypto. He warned of the dangers of unregulated crypto firms using a fairly labored analogy to airspace regulation. Schaefer likened the crypto regulation to air traffic control regulations, which are relatively uniform throughout the world. In this analogy, some crypto assets and DeFi projects were UFOs. He stated then that it would be negligent to simply ignore them. Schaefer warned that FTX was a major crash and there would be many more like it to come. Now, the regulator praised the recently passed MICA regulations in Europe, but argued that further steps need to be taken. He produced a long list of global proposals from the Financial Stability Board, the International Association of Securities Commissions, the Financial Action Task Force and the Basel Committee, and this he claimed was enough to establish a global consensus, stating that quote, the international regulatory principles have been adopted and the framework has been set. Now, the common principles must be implemented consistently and consistently worldwide. There should be no white spots in the flight radar. The global rules should also apply to niche financial centers. Now, this blog post comes a little over a week since the conclusion of the G20 summit, which was pitched as an opportunity to discuss global synchronization of crypto policy. G20 leaders did manage to produce an endorsement of the latest set of policy recommendations published by the Financial Stability Board. And in her article previewing the meeting, Noelle Acheson highlighted that the adoption of FSB recommendations was quote, very likely since the recommendations don't actually say anything interesting. Noelle noted that the FSB recommendations are more around notational international cooperation and vague platitudes about enforcing risk management rather than firm policy outlines. At the same time, none of the recommendations mentioned by Schaeffer actually achieved consensus approval at the G20, calling into question how the regulator can claim that there are any common principles whatsoever. Moving over to the UK. The UK House of Lords have passed a bill which would grant authorities the power to freeze and seize crypto assets associated with crime. Currently, UK authorities cannot apply for crypto assets to be frozen unless there has been an arrest or conviction. This bill would allow them to more quickly apply for freeze orders. Hundreds of millions worth of crypto linked to crime have been seized by local authorities, but experts say this new bill could help deal with situations that aren't easily dealt with under the current legal framework. Phil Aris, Director of UK Public Sector Relations at TRM Labs said, A government fact sheet suggested even more broad use, stating that quote, The creation of a crypto asset's specific civil forfeiture power will mitigate the risk posed by those that cannot be prosecuted, but use their funds to further criminality or for terrorist purposes. Isabella Chase, Senior Policy Advisor at blockchain analytics firm TRM Labs suggested that the measure could assist with police funding, stating that quote, Corker Bining was less enthusiastic about the fundraising prospects, noting that as the UK cracks down, quite, they might find that the pool of available targets quickly dwindles as suspected criminals move their assets offshore to less enthusiastically policed jurisdictions. The bill has already been passed in the House of Commons once, so will now return for a second vote before it can be given royal assent to become law. Now, I don't know what sort of free society we're dealing with here. With the big caveat that I am not a lawyer, the discourse around this is pretty wild to me. It seems like they're talking effectively about on -chain asset forfeiture without the requirement to charge anyone with a crime. This is the digital equivalent of police being able to take what they find in your trunk if they search your car and not have to give it back to you. That's an insane policy and so is this. And I hope not just for the sake of the crypto industry, but for the sake of the UK itself, some real, real limits are put around this. Staying in the UK, however, for just a moment, on Tuesday, UK lawmakers passed the controversial online safety bill. The bill requires companies to assess the likelihood of customers encountering illegal content and of children encountering harmful content. Proponents of the bill say it will be used to protect younger internet users and make the web a safer place. The government has claimed the bill would make the UK, quote, the safest place in the world to be online. Critics, however, have warned that depending on how the bill is enforced, it could require companies to do away with encrypted messaging and essentially any notion of online privacy. WhatsApp, Signal and Telegram have all threatened to exit the UK if the bill was passed. Earlier this month, regulators attempted to appease encrypted messaging apps by promising to only implement text scanning if it was technically feasible, but WhatsApp head Will Cathcart appeared unconvinced, tweeting last week that, quote, the fact remains that scanning everyone's messages would destroy privacy as we know it. That was as true last year as it is today. WhatsApp will never break our encryption and remains vigilant against threats to do so. Signal President Meredith Whitaker was a little bit more hopeful that the implementation would be thoughtful. She said, quote, while it's not everything we wanted, we are more optimistic than we were when we began engaging with the UK government. It matters that the government came out publicly clearly acknowledging that there is no technology that can safely and privately scan everyone's communications. At this point, it is imperative that we press regulators to incorporate the government's safely and privately scan end to end encryption communications and push them to clearly and publicly commit to not using the unchecked and unprecedented power vested in them to undermine private communications infrastructure. Whitaker confirmed that Signal would remain available in the UK for the time being. But for content and messaging platforms, the enforcement of the bill is a high stakes issue, with the maximum penalty being up to 10 percent of global revenue. Lastly, today, an update from a story earlier in the week. We have recently talked about JPX, a crypto exchange that has come under fire from Hong Kong authorities. At the time, withdrawals were effectively halted and one influencer had been arrested for promoting the platform. Reporting on Monday morning stated that authorities had received 83 complaints related to assets worth $4 .3 million. Since then, the case has dramatically escalated. Authorities have now received over 1 ,600 complaints involving over $150 million worth of assets. Eight people have now been arrested with the expectation that more arrests are coming. Police have now stated that the arrests are in relation to conspiracy to commit fraud rather than merely promotion of an unlicensed exchange. Twenty locations have been raided across Hong Kong with police seizing cash, jewelry, computers and phones worth around $1 million. Police have frozen around $2 million held in bank accounts owned by arrested suspects, alongside about $5 .5 million in property. Authorities are currently considering the confiscation of around $8 million in criminal proceeds. On Monday, JPX blamed the Securities and Futures Commission and their counterparties within the industry for causing an illiquidity crisis. They said in a statement, When other cryptocurrency exchanges announced their entry into the Hong Kong market and began extensive promotion, JPX was subjected to continuous unfair treatment. The SFC sent letters to all of our partners requesting the cessation of cooperation with the platform. On Tuesday, however, Elizabeth Wong, director of licensing at the SFC, confirmed that the regulator had asked counterparties to step away from the unlicensed exchange. The regulator had been monitoring the platform for months and issued numerous warnings to users. She said that since those warnings were issued, JPX went from bad to worse. The events surrounding JPX could be seen either as a sign that Hong Kong authorities are serious about enforcement of new crypto regulations or an indication that the city still has a long way to go in cleaning up the industry. As we discussed before, given Hong Kong's role as a bellwether for Chinese authorities' attitudes towards crypto, this is a story that we will continue to watch. However, for now, that is going to do it for today's breakdown. I appreciate you listening, as always. Until next time, be safe and take care of each other.
A highlight from 115: Part 2: Ric Prado Hunts Osama bin Laden and Leads the CIA Response after 9/11
"Our case is more like what the FBI did, you know, infiltrating the mafia or something like that. We have to maintain a clandestine and secure relationship, but also a very healthy relationship. We have a motto in the business that says you never fall in love with your agent, but you make them think that you're in love with them. You're always stops testing them, you're always double checking, you always put them under surveillance to make sure that they're doing what they say that we're doing, but it is very different because it's a very different goal. We don't work on problems, we work on intelligence. Well let's use that as a good springboard to start moving forward because a lot of your world starts changing, we start talking about the Cold War, you start talking about terrorism starts rearing its head, but at some point you became, worked with Michael Schur and Alex Station, the bin Laden unit. Tell us about that. Yeah, I had just come back from Korea, I had just gotten my GS -15, and I was the head of the Palestinian branch for CTC, our counter -terrorist center, and I got called into the front office by the chief of ops, and he said, look, you know, your name has been raised to be deputy chief of station for this virtual station targeting terrorism. I had never heard of virtual station, we were the first, and talking to my boss I said, well thank you boss, I mean of course I'll, you know, deputy chief of station, hell yeah, but who are we going after? And he said Osama bin Laden. And I said, who? And he goes, exactly. Mike Sawyer, Sawyer was the analyst that had been following this, so he was the chief of station for Alex Station, I was his deputy chief of station, and I was the senior ops officer, we only had two other case officers, the rest were analysts, incredible analysts and targeting officers. And by the way, that's the very same unit that eventually got bin Laden, you know, geo -located and allowed under our authorities for the SEAL team to go shoot him in the face. Excellent. Room temperature was a good result for that, but yeah, and the sad part is too, I did some work with the state department over in Islamabad training their police, their federal investigative agency, special investigative group, and while we were there at that time is about the time they figured bin Laden ended up in Abbottabad, and that's just about 30 clicks north, 30 or 40 clicks north of Islamabad, you know, right under literally everybody's noses. I just, I still have some heartburn over how much cooperation he got from the Pakistani government. Did you have concerns about that or am I just off in left field here? No, the Pakistani government is completely dual purpose. You have people that love us and people that love to kill us, meaning Americans. They're the ones that created the Taliban, for God's sake. The ISI. Their intelligence service literally was the ones that actually helped create the Taliban. So that penetration was always there. We did have, according to people that worked there, I never did, we did have some very good relationships liaison with some Pakistanis, but they were infiltrated from the other side too quite a bit. Yeah, we ended up kicking a couple people out of our training that had, once some tenuous connections came to light, it was like, yeah, I think it spells ISI is what you should have put down as your organization, but what I'm interested in, let's go back to that because that, you know, like you said, bin Laden who, not many people took him seriously. He issued his fatwa, you know, he said, here's what we're going to do. And then we started getting the bombings. We got some bombings of the embassies, right? That's correct. Well, you know, yeah, that is one of the things that set us all off because we had, when bin Laden was still in Khartoum, when we opened up the station, when we started Alex Stationing, and we had recorded intelligence from a very dear friend of mine, a Green Beret legend and CIA legend by the name of Billy Waugh. Billy was the head of security for Black in Khartoum at the time when he was there. He's also the guy that saw and helped arrest, helped capture Carlos the Jackal, the renowned terrorist from the 70s in Europe, but he was the guy in charge of doing surveillance of bin Laden. And he had him, you know, he knew what he was going to have for lunch. He knew what car he drove. He was in the white. He was not concerned because, you know, in Khartoum at the time, it was like a terrorist hotel and he was putting, pouring all kinds of money. So we came up with several plans to kidnap him, to kill him, whatever it took. And the then administration kept saying, well, we don't have enough proof. And our argument was we got overhead from satellites of the kind of training that he's facilitating with former jihadists in these other countries. We're getting all source information from all kinds of different governments that he's extorting money from the Saudis. He's doing this. He's doing that. He's bringing people in from Afghanistan when, you know, the motto of CTC is supposed to This is what we do. And the administration never, ever bought off on that. And what I always tell people is that imagine in 1997 or late 96, early 97, if we would have been able to neutralize bin Laden, the coal, the bombings of our two embassies and maybe even 9 -11 could have been derailed. You know, and I'll give away a little bit of your book here, Chapter 28, where you talk about that. You know, I mean, you just lay it out and I love it. You know, the answer is clear, thanks to the history and hindsight. Those 4 ,000 people killed in one of the U .S. Embassy attacks in Africa will still be alive today. Untraumatized, unscarred by their terrible luck, USS Cole would never have been attacked. The Pentagon would have never been hit by the American Airlines flight. The Twin Towers would still be standing. The 3 ,000 people who died in the World Trade Center still be with us. Families wouldn't be unaffected. I mean, it just goes on and on. It's amazing how much destruction, terrorism, chaos, anarchy he caused, and the point from all of this is that our administration at the time didn't have the cojones to take care of business. That is the bottom line. I mean, you do a very good job explaining that in the book. I really appreciated that. Thank you. I'd say it was definitely a fact. You know, at the time the agency was supporting us. They were carrying our water across the river, but we were definitely not getting the traction there. And a lot of people took that very personal, especially I was Chief of Officer of the Counter -Terrorist Center when 9 -11 happened. So that really stuck in my craw. Well, I can't imagine. Well, and there's an interesting... Some of it, maybe it's a little bit lower, but when the original World Trade Center attacks happened, they tried to bomb them, the idiots, which thankfully they returned the van trying to... They tried to report it stolen. That's how we ended up getting the guys. But one of the things that came out of this, I think that helped them with their future planning is when they were in court, they bring in some of the structural engineers. You come to find out the World Trade Center, the twin towers were designed to withstand the impact of a 737. So then you start... So why are the 757s and 67s targeted? Why? Because unfortunately, you never know what kind of information is going to be used by somebody later. And that's... I don't know if that helped formulate some of his planning, but it's definitely some of the stuff that came out when you find out what they're designed to withstand. And then, like you say, you get... We see... I think part of our failing is we tend to think too short -term. Why would they think like that? That's not the point. You need to think like your adversary. Your adversary doesn't think like you. That's why they win. That's why they're able to pull off a lot of the stuff, because they're thinking differently than us. I want to get into 9 -11 and what you see there. But up until that point, what do you think was the biggest impediment other than political? Was it the way that we had been trained that we didn't really understand Islamic law? We didn't understand what bin Laden... that he really meant the fatwa that he did? Were there some other things that contributed to this other than political? Political is the number one problem that you have. You cannot run operations, military or intelligence, through an optic of politics. It's two different worlds.
A highlight from 115: Part 1: Ric Prado Hunts Osama bin Laden and Leads the CIA Response after 9/11
"Ola, ola, ola, amigos, amigos, players, playwrights, dudettes, everybody in between, welcome. This is a special edition of Game of Crimes. We're going to dispense with a couple of things that we normally do, small town police water, things like that, because number one, it's the 22nd anniversary of 9 -11, never forget. And this episode and the following episode that you'll find, too, that we'll be talking about the issues of terrorism. So nothing funny about terrorism, nothing funny about all these people dying. But our next guest, we'll talk about him in a minute, but we just kind of want to set that stage real quickly, though. Thank you guys for joining us. Morgan here, joined by my partner in crime. Hey, it's Murph, everybody. Yeah, hey, guys, head on over to Apple, Spotify, hit those five stars, really means a lot. And after this episode, I think you'll realize why hearing stories like this are so important. So head on over there, head on over to our website, GameOfCrimesPodcast .com. The link to our next guest book, what we'll be talking about, you're going to find that there are all sorts of good stuff there. Follow us on that thing they call social media at Game of Crimes on Twitter, at Game of Crimes Podcast on Facebook and the Instagram. But look, join us over on Patreon, Patreon .com slash Game of Crimes. We just got through recording. You can't make this shit up. Had some fun there. We did our Q &A, which is one of the funnest things we do. I think it's the most fun we have because it's driven by you, our players, right? It's a blast. It's a blast. And we've got good stuff. We got some good comments on our previous episode, 911, what's your emergency? Which was actually recommended to us by one of our guests out there, Bunny, if she's listening. That was her asking about that. So we did that. So hey, good stuff. But yeah, guys, just head on over to Patreon .com. A lot of good stuff. We've got 911, what's your emergency? We've got our Narcometer review, our monthly Q &A, case of the month, you know, and so we have a lot of fun. So join us there. Patreon .com slash Game of Crimes. Now, this is a show about crime. We talk about bad people doing bad things and bad people doing bad things to good people. But in this case, we take the story seriously, you know, we don't take ourselves seriously. Exactly. But in this case, we wanted to just take out some of this because our next guest, Murph came to us by way of a friend of the show again, good friend of the show, Patrick O 'Donnell. Yes, sir. And thank you, Patrick, again, for introducing us to Rick. This guy is a true American patriot and hero. Rick Prado is our guest today, worked as an ops officer for the Central Intelligence Agency. Now, if you've heard me talk in the past, I make jokes about what CIA stands for. But if you've ever seen our presentation, I explained that it's not an indictment of the entire agency. It was one particular person we had problems with while we worked in Colombia. The agency, in my opinion, is one of the best in the world. Everybody dogs them out because they can't publicly defend themselves because everything they do is secret, which goes to protecting our country. So, you know, I know a lot of you probably want to agree to that and you've had bad experiences or you just believe with crap you see on TV or in the movies. But Rick's going to straighten out a lot of that stuff today. You're going to hear stories that you're not going to hear anywhere else. And let me tell you, too, the great thing about Rick is we knew some of the same people and actually one of our guests we had on, Tracy Walder, previously, had just come on the agency at that time. But Rick was in charge of the Counterterrorism Center, CTC, for CIA. When you talk about the tip of the spear, they were the tip of the spear before the tip of the spear got in there, before the Green Berets got in there, before the first military boots were on the ground. It was CIA, their paramilitary officers. Guys, this is a story, you know, and I know people say, we dispel a lot of stuff. But here's the important thing, Rick gets into, we actually have some very candid discussions around 9 -11, the current threat of terrorism, what's going on in the world. We dispel and disabuse people to some of these notions about enhanced interrogation techniques. It's not torture. I know some people disagree with that. It's not torture. Not when we put our folks through the same thing. He'll talk about seer training. But I think the biggest thing that I got out of this, Murph, was just listening. Here's another guy like Jack Garcia, came out of Cuba, fled Castro. These people know what communism looks like. They know how bad this stuff is. And they came to this country. His first firefight was at seven years old. He's going to tell you about that. First time, not that he was actually directly involved, but he was in the middle of a firefight at seven years old with automatic weapons. Again, it's just what an American, you know what the American story is, Murph? Here's somebody who comes to America, loves America, wants to do everything they can to defend and protect America against all enemies and foreign and domestic. And here's another guy that's living proof of the thing you always say, just because we retire doesn't mean our oaths expire. What he's currently doing is great. So hey, look, we're going to, like I said, we're going to dispense with a lot of stuff. We just want to get right into the episode. So before we can talk about this episode, Murph, there is one thing we do have to do. Before we talk about this, I need to ask you, are you ready to play? And you guys will realize this. In honor of 9 -11, the biggest, baddest, most dangerous game of all, the game of crimes. Everybody get in, sit down, shut up and hold on. Bring Rick on a true American patriot. Unbelievable what you're getting ready to hear.
A highlight from AI Today Podcast: AI Glossary Series Data Warehouse, Data Lake, Extract Transform Load (ETL)
"The AI Today podcast, produced by Cognolytica, cuts through the hype and noise to identify what is really happening now in the world of artificial intelligence. Learn about emerging AI trends, technologies, and use cases from Cognolytica analysts and guest experts. Hey, AI Today listeners. Want to dive deeper and get resources to drive your AI efforts further? We've put together a carefully curated collection of resources and tools handcrafted for you, our listeners, to expand your knowledge, dive deeper into the world of AI, and provide you with the essential resources you need. From books and materials, ranging from fundamentals of AI to deep dives on implementing AI projects, to AI ethics, tools, software, checklists, and more, our resources page will help you on your AI journey, whether you're just starting out or you're well on your way. Check it out at aitoday .live slash list. That's aitoday .live slash l -i -s -t. Hello and welcome to the AI Today podcast. I'm your host, Kathleen Mulch. And I'm your host, Miles Schmelzer. And we've had some recent podcasts where we've interviewed some of our CPMI certified individuals or some of the practitioners we had who are implementing AI Today, which is part of what we do here in the podcast. And if you've heard those, you may have heard that a lot of people are still dealing with some fundamental issues of data. Yes, this podcast is called AI Today. You are tuning in to the AI Today podcast. But why are we spending all this time talking about data? And you might think, wait a second, this doesn't have anything to do with AI. The answer is, of course, it has everything to do with AI because AI systems are built on a foundation of data. Without data, we can't do anything with AI. And if you have data problems, you can't do anything with AI. So you might think that organizations have their acts together. You might think, how can this big company or this big government have big data problems? The answer is yes, they do. That's the answer. So tune in, listen to some of those interviews. If you haven't listened to some of our other glossary entries where we go over these key terms of AI, machine learning and big data. But understand that all of these problems kind of sit together in the same corner that we solve as we solve problems of big data, we solve some of our problems. But the AI and machine learning. Exactly. And if you are working at a large organization, you may be laughing when we made that comment, because sometimes the larger the organization, the more, you know, challenges they have around their data. So on today's podcast, we're continuing with our AI glossary series. And we put together a very comprehensive AI glossary that we'll link to in the show notes, or you can find at cognolytica .com because we wanted to define at a high level terms related to AI, machine learning and big data. Maybe you've never heard of these terms. Maybe you're not exactly sure how they fit into this, you know, AI landscape. So that's what we wanted to do. We wanted to kind of break it down and help educate you there. And since we put this together, we said we might as well make a podcast series about it so that our AI Today listeners know that we've put it together and we can do a little bit more explaining. Again, these podcasts are at a high level. We don't dig too deep into these topics. But it's a little bit more than the glossary entry that we have. So on today's podcast, we're going to be going over the terms data warehouse, extract, transform, load, ETL and data lake. So let's start with data warehouse and kind of talk a little bit about how we got here, because, you know, we've been dealing with data for decades, really, since we first had our first data processing systems. If you want to think of it that way, we think of computers as computers. But, you know, in the in the realm of data, the term is honestly is often used data processing because not one computer or one server, we're all trying to connect together. And we have a bunch of computers and maybe we're storing the same data in some central place. A long time ago, if you want to be nostalgic, we used to store all these data and these real to real tape things. Remember, like if you go back, look at these old things, these things spinning around. That's was that's where the data was. That's where the data was stored. And you actually had to go find the reels or maybe these drums where you'd have to like store it on these drums. Of course, we've evolved quite a bit from those 1960s, 50s era of data storage. We have databases and we have all these places. But the thing now is that we have so many places where data is stored on your laptop, in your phone, in the cloud, here and there, that trying to do analysis on it has is a challenge. So one of the movements that came about really kind of in the 80s, 1990s, was this idea of the data warehouse. And the concept is that the data warehouse is a system for storing, analyzing and querying large volumes of data using a structure. So it comes up with that. We talked about structured data, unstructured and supervised, semi -structured data, mixing a couple of things. Not supervised and unsupervised machine learning. It's semi -structured, structured and unstructured data. And we centralize it in one place. That's why it's called a warehouse. If you think about like, you know, when you're shipping goods around the country, you know, if you think about what those warehouses do, like an Amazon warehouse. Well, the warehouse isn't where the original products are. It's just that they get shipped from wherever they're coming from. You know, the books and the electronics and the food. And it all goes from the original place and all goes into this warehouse, physical warehouse. And then Amazon or whoever then packages it all together when you order and then ships it to you and you're the customer. And that's actually a really nice metaphor for thinking about a data warehouse, because a data warehouse takes data from its original sources. Could be a customer database or financial data or maybe some system somewhere, a bunch of sensors or, you know, some laptops or whatever. And it aggregates them together like in this little warehouse. Right. Just like a shipping warehouse in its particular structure so that then when somebody needs to do some analysis or querying, they query the warehouse instead of having to worry about querying all these different sources and worrying about their availability and their structure and their format, which you may not be aware of. You don't know how the customer system works or the ERP system works or how the supply chain management system works. But if all you need to know is how the data warehouse works. And it's a very powerful idea. If you think about it, it kind of kind of makes sense, doesn't it? It's like, yeah, that's kind of a logical way of dealing with the needs to querying a lot of data from a lot of data sources is do that. In order to make it work, there's some critical components because each of these original sources of data, they have their own formats. They have their own specific capabilities. We need to need to extract the data. We're going to get into this in a moment from those systems and then we need to get it into the format that the data warehouse understands because it only understands its format. And then we need to sort of load it into those data warehouses, which may be one or more data warehouses. Right. So we've got to get it in there. And on top of the data warehouse, we can build these analytical tools. There's a name for it. There's online analytical processing called OLAP, if you want to be super technical about it. And the reason why it's called OLAP is because it's sort of this idea that we're building tools that are operating on data that's kind of like not being changing a lot. There's this alternate idea called OLTP, transactional processing, where we're dealing with data that we're going to update or change or do all that sort of stuff. That's for the transactions. And that's not what we're doing here when we're doing analytics. We don't want the data to be changing while we're trying to do some reporting on it. Right. So data warehouses are very popular. They're very powerful. They're in pretty much every major organization that you're working with. And it really has these two main goals of separating these sources of data that have to do with the transactional stuff, the purchasing and the customers and the finance. Right. From the needs for analytics, which are different needs, reporting and insights and all sort of stuff. That's one goal for data warehouses. And the second one is that by having this warehouse, just like the Amazon warehouse, we can just build one set of tools for the warehouse and we can have these specialized tools without having to worry about all the differences from the original formats that put their data into the data warehouse. Exactly. And so Ron had kind of alluded to ETL and what it is and why we need it. But the idea behind it, this extract transform load, is it's techniques and tools required to collect data from their original sources. So however that data was originally sourced and collected, modify that data to suit specific needs and then place the modified data into systems such as data warehouses that can store, analyze, process and perform queries on that data. So the need for ETL happens because, like I said, you can have data from multiple different sources. Maybe you have CRM data, you have a bunch of different other types of data. So you need to extract the data from its original systems, then somehow transform it so it formats the need that it needs to go into for the data warehouse. And then you can actually load it into the data warehouse. So it's just really what needs to happen from getting data from its original source to being able to put it into your data warehouse. Yeah, and it's a powerful idea, but it has limitations. This might think, oh, that data warehouse idea just sounds great, what could possibly be wrong with it? Well, there's a bunch of challenges with the data warehouse. One thing is that is that it's very much a structured system and that things need to kind of be structured just like an Amazon warehouse. You can't just put anything anywhere in the Amazon warehouse. It has to go in a very specific shelf. They have these little bots that move things around. You can't just have a big disorganized array. And while that might work for physical goods, it doesn't work so well with data because data has so many different formats and it's constantly changing in the process of having to get it into the data warehouse format itself is complicated. And we have all these rules and those rules have to be modified. So I actually have more code, I have more complexity, I have more brittleness. So there's this alternate idea philosophy called the data lake. So the data lake kind of is it's not a really it's not a product as much as it's a philosophy for data storage is it's a repository that stores a large quantity of data in its original and varying formats rather than first transforming that data to load into a traditional warehouse. So you could think of a data lake as like a centralized repository that allows you to store all of your structured and unstructured data. That was the real issue is really the fact that we had all this unstructured data that doesn't work so well with the data warehouse, you know, and put all of that into this big data lake. And then we worry later about transforming it for an analysis project. Right. So you can store the data as is without having to first structure it and then run different kinds of analytics, dashboards, visualizations, big data processing, machine learning applications, real time analytics on top of that original data. So as long as you have access to the data lake and as long as we have some tools that we can use because we still have to transform it at the time we need to use it, then we can make use of the data lake. So basically the data lake is extract load. So we extract it from a traditional data source. Like I think all those trucks with all their specialized products going to the Amazon warehouse. But instead of putting it in the really well organized shelves, we put it in a big collection bin and then later when someone has different needs, they pick from that bin and they transform it when they need to use it. So it goes from extract, transform, load to extract, extract, load, transform. And, you know, data lakes are good for good for their purposes and data warehouses are good for their purposes. And I would say if you have a lot of structured databases and you need to do a big analytical task across all those structured databases, a data warehouse is going to be just fine and just great. And it still will work for banking applications and finance and customer management, all this sort of stuff where the data is already structured. It's already structured in its various columns. But when I want to do analysis task across sensor data and text and image and documents that are constantly coming in, trying to jam it into a data warehouse is probably going to be a lot more effort than it will work, than it's worth. So we should have a data lake approach where we can put all those documents somewhere and then later figure out how to extract them for whatever purpose. In some cases, we may need our, say, emails that we're going to use for an NLP application, natural language processing, and they may use one set of tasks. But maybe I'm going to use the emails for something else, maybe sentiment analysis, and maybe I need a different transformation. So each application may require different transformations. So hopefully you understand at a high level, we're giving you a mental model for which is an requirement to really use these data warehouses and then this idea of the data lake, which allows us to deal with this broader scope of data in a constantly changing world. Exactly. So, you know, as we say, understanding these terms at a high level is one thing. So now if they come up, you've at least heard it before. You know what it is. I know that many of the folks that have gone through CPM AI and others as well that we talked to some customers, they maybe weren't familiar with some of these terms, especially with data lake, depending on where they sit in the organization and what industry they're in. So we wanted to make sure that we did present these terms on a podcast. And as I said, of course, knowing them at a high level is one thing. So now you can understand if it comes up in a conversation. But being able to put it into practice is a whole other thing. And that is really where CPM AI comes into play. We want you to be successful with your AI projects. We, you know, really value educating our listeners and our audience because, again, we want you to be successful. We don't like these high AI failure rates. So if you're interested in learning more about CPM AI, see what it's all about, how you can apply it for AI project success, you can take our free intro to CPM AI course. Go to AI today dot live slash CPM AI and you can register right there. If you'd like to dig a lot deeper into the subject, you know, really go through a comprehensive training on CPM AI and then become CPM AI certified. Go to Cognolytica dot com slash CPM AI. We'll link to both of them in the show notes. I know that many of our listeners have reached out to us. Some of you have taken the free intro course. Many of you have become CPM AI certified. So, you know, we love we love our CPM AI community. It's really, really been growing quite fast. So thank you, everybody, for supporting it. And if you're interested in learning more, we'll link to both in the show notes and you can just click on the link and it'll take you to the courses. Like this episode and want to hear more? With hundreds of episodes and over three million downloads, check out more AI Today podcasts at AI Today dot live. Make sure to subscribe to AI Today if you haven't already on Apple podcasts, Spotify, Stitcher, Google, Amazon or your favorite podcast platform. Want to dive deeper and get resources to drive your AI efforts further? We've put together a carefully curated collection of resources and tools. Handcrafted for you, our listeners, to expand your knowledge, dive deeper into the world of AI and provide you with the essential resources you need. Check it out at AI Today dot live slash list. This sound recording and its contents are copyright by Cognolytica. All rights reserved. Music by Matsu Grabas. As always, thanks for listening to AI Today and we'll catch you at the next podcast.
A highlight from Steve Warwick - Healthy Done Sexy - My Battle With Bulimia
"Welcome to Let's Be Frank, the men's mental health podcast. Join us as we break the stigma, embrace vulnerability and prioritise mental health in men. Together, let's use your voice. Guys, welcome back to Let's Be Frank, the home of men's mental health. You join your hosts Jack Coward and Ryan Smith. And today we are honoured to have Steve Warwick with us. Steve's life has been a series of battles diagnosed with borderline personality disorder at 15, struggling with anorexia, turning into bulimia and facing addiction and self -harm. This is an episode you do not want to miss. As always, let's jump to Mr Ryan Smith. How are you on this hot evening, I shall say, because it is rather warm this side. How are you, mate? Do you know what, in my box under the stairs, I'm not actually that hot. I'm quite, quite cosy. So no, this is good, man. And I'm particularly looking forward to this episode because this man and his food that he puts out on Instagram is unreal. I mean, I've had some decent quality food like the French Alps and stuff like that with some brilliant chefs, but this man's food is another level. So, yeah, I'm not just about the food, but I'm quite looking forward to this episode. So, Steve, welcome to the show, buddy. What an introduction that was, bloody hell. Should we just stop it there? Guys, thanks for listening to Let's Be Frank. If that's what you want to do, buddy. Wow. Yeah. Hi. How are you doing? We are well, mate. How are you? We're good, man. We're good. So, yeah. Yeah. Where do we start? Let's go back to the beginning, I think, Jack. What do you reckon? So as early as you want to go, Steve, let's head there. So, well, if we start at that 15 -year -old mark when I was diagnosed with borderline personality disorder, I didn't know what to do with that. It was like, here's your ticket. Here's your label. And off you go. Good luck with your GCSEs. So it was, I didn't know what it was. I had to kind of research what it was. And then you start reading these lists of symptoms or characteristics and whatnot. You're like, oh, yeah. That explains a few things. But it was, I think they gave me 20 milligrams of cetadopram. And that was that, which I took for maybe six months. And then just, just dumped in the bin. So, yeah, I mean, I suppose I was. Yeah. The magic, the magic drug. Yeah. Quite love that, mate. Do you know what, though? So that's something that's quite, quite still poignant today. I mean, I was on, I was on, started out on sertraline a few years ago and I had to open my dosage, but there's no, there was no sort of, well, this is what it's for. This is why we think you need it. It's just take this and that's it. So, you know, so it's quite scary to think that with sort of a mental illness, they're doing, they're quite, you know, I can't see it changing too much, but they've done that with you. That's quite scary. So I do apologize about it. It was just, just something popped into my head. I think it's quite scary. So, so with that, then you dropped it off like sort of six months later. What was the reasoning for dropping it? There was no improvement. There was no, I suppose where I was quite a high functioning, I suppose. I didn't notice a massive improvement and my mood wasn't, sorry, my mood wasn't always down or always flat. It kind of come and went and, and you're also a teenager. So you're told that these things are normal as well. So taking these tablets to me, again, I was a teenager in denial, rebelling against the world. So I'm not going to take these tablets anymore as I need them. But I don't think, I don't think that would have, if I had continued taking them, I don't think that the next 10 years would have appeared out any differently. What, what led up to the diagnosis? What was, what was the years before that, that kind of led up to that moment of them going, listen, you know, you've got personality, borderline personality disorder. Well, there was, there was a lot of big events that went on in my childhood and there was a few things there that a kid shouldn't have seen or gone through. And, and, and, you know, if that's not dealt with, then it's going to, it's going to come out at some point. So that, that I would say it was probably what kind of put my mind into that space. But obviously then you kind of, you get diagnosed with, with borderline personality disorder and it's, the way I see it is like, we're kind of, we're all kind of standing on a ledge and if you fall off that ledge, you can fall into, into mental illness. With borderline personality disorder, your ledge is smaller. So you've got more chance of tipping over into something else, whether it's severe depression or, or eating disorders as I went down or into a personality. I was going to say like, you've kind of, I was going to ask like, once you had that diagnosis, how did you kind of find the balance in that? But as you said, the platform for that is rather small and you, you, you did take yourself into the bulimia side. Was that the tipping point for you then finding out, was that when, did it get worse at that point when they said to you, right, here's your diagnosis or did it give you some like clarity? But how did that affect your mindset at that time? It me, made in a way, it was almost nice. Although I didn't know what it was and I didn't understand it, it was something, someone, someone had called it something so I could say, this is why I feel this way or these are why I act, this is why I act like certain ways because I've got this thing. So it was, it was nice to have some kind of parcel.
A highlight from The God Who Keeps His Promises
"Welcome to the podcast of first presbyterian church of gulfport, mississippi to learn more about our church our beliefs And our pastor, please visit fpcgulfport .org Throughout the old testament god made a series of incredible promises Promises that defied his people's expectations And in his time he fulfilled every last one of them in today's study of first kings 8 We'll consider the god who always keeps his promises Including those that he's made to you and I You know one of the very lowest or worst times for god's people Occurred back in the book of numbers is in the wilderness god's people were in the wilderness now Why were they in the wilderness? Well, they're in the wilderness because that's where they chose to be You see if you remember the story god had told them I have made you i've created i've set aside for you a promised land It's yours go for it And so they sent in spies to check it out to see what it was like to see if they indeed could take it However, when the spies reported back the majority of the spies said no way They said the land is great. No problems there. The land is great the problem is There are giants there. The problem is we're just a bunch of people in the wilderness They've got cities like jericho with walls that are high. They've got armaments. They've got soldiers who stand one and a half times above us God may have told us to go there, but we can't because we'll die And so they spent their time in the wilderness. And in fact a whole generation died out Of that level of distrust or lack of confidence what god told them to do So they're wandering in the wilderness. That's what made the book of numbers so sad They're in a place No one wants to go doing things that they shouldn't be doing and they do it for a whole Generation and they did it based on fear They did it on the basis of that. We just can't do what god has told us to do We know god is strong. I mean, of course, he's strong. Look what he did to pharaoh. He brought all those plagues 10 of them and yet And yet he won't do that for us. I mean he did it back then but You know that was then this is now They had enough faith to remember moses. They had enough corporate honesty to know what happened In their recent past and yet they didn't have enough faith to think that what god did in the past had any bearing on What he would do in the future god says go into the land. They say no We'll die despite the fact That one generation earlier god had literally swapped the armies of pharaoh under the red sea that god had brought down all these plagues If you're god, you're thinking to yourself, you know, I think i've made a pretty good case for myself Am I willingness to protect you? What are you doing? But the people were were fearful They're anxious God had made them a promise They just doubted his ability to come through on it Is that where you're at matters of faith a whole generation of israelites That's where they were at They had enough faith to believe god was there Do you believe god's there I hope so The problem was not that they didn't believe he was there And their problem was not that they didn't believe he'd done some really cool things a long time ago. The problem was They didn't think they would come through for them in this particular instance. No matter what he had said. They knew he'd promised They just doubted the reliability of that promise and for some of us That's our concern We don't doubt god exists. We know he's there Sometimes we doubt whether he loves us enough to count us in that promise And other times we just doubt whether he's actually going to do the very things that he said that he was going to do Well today's text we're seeing psalm is stopping the presses. He's taking the people by the lapel He's shaking him and saying dear heavens. Do you see what god has done? Not a word failed Of what he said not a word not a syllable has failed what he said he would do And he made some of the most amazing promises You could possibly make to people who are in no position to believe that they'd ever be received He told abram old abram and old sarah that they'd have a not just a kid But a progeny the more numerous than the stars in the sky It was a promise seemed unbelievable to fulfill and he fulfilled it to a t He's done everything that he would say he would do and the reason that was important for them And the reason that's important to us is because he's made you a promise, too He's made you a promise about your future And the question is can he come through will he come through In today's text psalm wanted to encourage his people and god wants to encourage us that the answer is yes Let's look at the first couple verses. Let's start with verse 54. Then. Let's work our way through the balance verse 54 And so it was when solomon had finished praying all this prayer and supplication to the lord That he rose up from before the altar of the lord from kneeling on his knees with his hands spread up To heaven All right. Let's stop there in the verses immediately preceding today's passage The temple was done it had taken a while But the temple is now done and king solomon if you read earlier in chapter eight, he had prayed a lengthy prayer That's okay. He had a lot to say so he praised this lengthy prayer and during this prayer. He'd recounted god's faithfulness Sometimes that's okay, too We pray to god and we thank god and we remind god of what he already knows the things that he's done And by virtue of us reminding him of what he already knows we remind ourselves of what we need to hold on to going forward So he prayed this lengthy prayer and then he rises up and stands but as he stands he swivels And he looks out a bunch of folks whose faith was probably like a sine curve Ups and downs from person to person maybe from day to day maybe from hour to hour Solomon was looking at those who had doubts and anxieties not that different from those that many of us had He's also looking at some folks that he knew to be hard -headed You ever read moses experiences in deuteronomy ministering to god's people just hard -headed people David had had the same experience psalm and already as a young king. He had seen the same thing the people are hard -headed They not only tended to reject a lot of things that the prophets and leaders said But they also tended to reject what god had said, but god had still been faithful That was part of his prayer. Thank you god You've been so faithful we've been such such goofs we've done all the things we shouldn't do we've really messed up But you've never let us down You fulfilled everything to a t meanwhile. We're just staggering around the wilderness Even as they'd come into the promised land It's still their faith was like a sine curve and psalm praises says god. Thank you that you don't operate the way that we do Thank you that your promises are reliable So in verse 54, he wraps up this prayer and now again as he swiveled to talk to the people He wants to both encourage them and to challenge them. Let's see what he says in verses 55 and 56 Verse 55 then he stood and he blessed all the assembly of israel with a loud voice sang Blessed be the lord who has given rest to his people israel according to all that he has promised There's not failed one word of all his good promise which he promised through his servant moses If someone were to make you a promise What's the first thing your brain does? So it makes you a promise. What's the first thing you do? Well, here's the first thing I do You think through and you say well what other promises have you made in the past? Because I think i'm going to adjudicate Your ability and willingness to come through on this particular issue On the basis of whether you came through on other issues If someone makes you a promise you immediately you can't help it you think of the track record You think is this a reliable source? Of information promises and the like we consider a new promise in light of what has been done with the old ones Well in verses 55 and 56 Solomon says look there are still better promises yet ahead if you think that this promised land is cool Just wait till you see what is yet to come there's better promises of a better land. There's a better moses coming down the road There's all sorts of stuff in the future that we have to hold on to By faith and in order to believe those promises of that outcome you need to look back and ask Did god come through and what he already said he would do and in verses 55 and 56 he says yes He says look god said some amazing stuff in the past And he delivered he delivered on things that seemed impossible for him to fulfill and so with a loud voice in verse 55 He basically tells the people he says You are the most fortunate of all people because your god Unlike the gods of the philistines and the canadites and the moabites and the amorites and the hitites and the jebusites and every other Ite he says unlike them your god has an unbroken track record Unlike the pagan prophecies and pagan gods of stone and marble and wood That have failed consistently habitually That have let down the very people who have bent the knee to them unlike those people You have a god who came through on every last thing he told you he would Blessed be you and blessed be the name of the lord And he wanted them to remember some of the things that god had done in fact, that's healthy. That's why we read the book That's why we study the old testament And the new as we understand we remember what god has done and how that applies to us We think about the things he did how amazing they were and if he did those amazing things Maybe yet there'll be a resurrection from the dead. Maybe yet We'll all go to heaven. Maybe yet all the things for the future will be fulfilled if he's done all these things in the past You know, as we said some of the things that god promised Defied expectations and the belief of everyone who heard them at the outset I already mentioned abraham and sarah You take the old couple tell them that they're going to have a child and they've been barren all these years and where time has passed Sarah's reaction. I was just to laugh it seemed utterly implausible God made them a promise that seemed utterly implausible and yet he he came through Psalm looked out and saw the descendants He saw the fulfillment of this one promise Think even further back think of noah god promised to this one guy this one Paragon of virtue and just a sea of apostasy and unrighteousness he says it's going to rain But you're going to make it because you're going to build a boat However, it's not going to be just any boat You're going to build a boat big enough to fit all the creatures within the creative realm within it now dear heavens If there is a promise that just defies expectation and belief that it could ever be fulfilled. This is it Of course noah trusted god and went about building a boat in god's time It was filled with animals and god's time the rain came God made a promise that defied expectation then then he fulfilled it Just after the time of when they entered the promised land they came up to the city that god's people You know, they crossed the jordan they come in. All right, so we're in the promised land. Uh -oh. Uh -oh What's that big city with a big wall just right over there? Oh my stars. We made it across the jordan We're in the promised land, but now surely we're gonna die God says no, I promised you got this you got this I got this i'll take you through this And they're like, well how we don't have any weaponry We barely made it across the jordan. We've been in the wilderness. We don't look at that wall And god says hey and rolls up his sleeves. So this is proverbial sleeve so to speak and says tell you what Just march around the city playing the instruments in the light Do that. Sometimes the wall is going to come down who would believe that? Well, they did And god responded God made a promise and god delivered Back in deuteronomy 12 god had said this he says when you cross over the jordan and dwell in the land Which lord your god's giving you to inherit and he gives you rest from all your enemies all around so that you dwell in safely Then there will be the place with lord God your god chooses to make his name abide in deuteronomy 12 written during the time of moses long time before solomon God says this is going to be a future you're going to have a place and there's going to be a temple and in that temple My name will abide well again Psalms looking out at people who had anxieties about what would god do in the future and he says, please Look what he did in the past Please if you have anxiety about what the future holds if you have trouble believing Aspects of what the future the promised future to the church as a whole or use an individual, please Look at what he did in the past and see how he came through and understand. Nothing's impossible In fact god honestly a hundred percent delights in doing things you don't expect in ways that you wouldn't expect That's just the way he operates So he says here just hear the promises evaluate the promises against promises of old and understand That there is a track record that you can turn to whenever doubts strike whenever these concerns come to mind So in verses 55 and 56, this is what he's saying and he goes even further than that He says not only has god fulfilled all his promises, but not a word of them has failed It's not like he did everything in the abstract that yeah, he delivered, you know largely what he said he was going to do You're at a contractor If a contractor is going to build a house or you know Put up a shed or doing a number of different things and they go out They start to work on the thing and so forth and then when you're done you look and you say well He did largely what he said he was going to do. I mean, I don't love everything It's not all perfect, but it largely honored what he said That's the way most contracts with most individuals and everything work largely they're fulfilled Solomon says the contract the covenant the promises that god has made. It's not just that he fulfilled them largely He fulfilled them to the letter not a word had failed of all the impossible things That god told his people to expect unbroken track record. Let's look at verses 57 through 60 verse 57 And so may the lord our god Be with us as he was with our fathers May the lord god who did all that stuff long time ago to people that generations earlier May he do to us as he is done with them May he not leave us nor forsake us that he may incline our hearts to himself to walk in his ways to keep his commandments And statutes and judgments that he commanded to our fathers and made these words of mine with which i've made supplication before the lord Be near the lord our god day and night that he may maintain the cause of a servant and the cause of his people israel As each day may require god is the god of every day of your life Not just god of this whole thing or god of when you're finally saved and on the other side. He's god now Whatever you're doing today this week He is the god of this day verse 60 that all the peoples of the earth may know that there is a lord That the lord is god and there is no other All right. Let me ask you a different question. I asked one earlier. Let me ask you something different Have you ever had someone that you've loved or trusted? Leave you Have you ever had someone that you've loved or trusted leave you volitionally Have you had someone that you've loved or trusted walk away from you or reject you Neglect you although you needed them There's few heartaches for those who can relate to that There's few heartaches as great as being left by those that we love It can be just heart -rending to have someone's presence in your life there for a season and then in a different season in your Life when you desperately need them They're not there If you've experienced that You may find that even months or years later that the hole hasn't gone away It still hurts With that said notice what solomon said in verses 57 through 60 He said may the lord our god Be with us as with our fathers. May he not leave us or ever forsake us You know the gods of the pagans disappeared at times They went off and did their own thing, which is why elijah mocked bale and the others perhaps your god is sleepy We need to wake him up is what he told on mount karma what he told the prophets of bale The pagans had gods that could go away for a season the greek same deal That gods would be busy up on mount olympus, maybe they'd care for you one day maybe they wouldn't But here solomon tells his people and god tells us That he's with us just as he was with our fathers just as he was with moses Whether you're here your name is bob or stew or frank or fran God's with you. God's with you every bit as much as he was with moses That's an encouraging thought because We don't feel like moses most of the time But his presence is with us his presence is with our church And so solomon says, you know if we understand that and we cleave to him our future is bright It's so bright because the right man is on our side the man king. Jesus The right man is on our side, you know, even if the whole world should turn against you Which given enough time it might Even the whole world should turn against you. God won't even if every other promise is broken If even if every loyal friend breaks ranks with you in the time that they come god won't And when you're hurting in that midnight hour when you feel all alone, he says i'm with you And we got this together I'm with you and we got this. All right, let's look at our last verse verse 61 our last verse So now he's encouraging the people about how to respond to these promises and god's presence and the like verse 61 He tells the people and you can imagine his hands that he says it he says let your heart therefore Be loyal to lord our god Let your heart therefore be loyal to lord our god to walk in his statutes and keep his commandments as it is this day This is a benediction of sorts it's a blessing It's also an exhortation And in this exhortation king solomon tells people what he told them previously He says if we believe all this to be true if we believe there is a god in heaven if we believe that he loves us If we believe he's told us how to live Then the evidence of that belief is not simply what we profess with our mouth the israelis profess things all the time That wasn't their problem It's what they did with it how they acted how they responded Remember, we've talked about the difference between orthodoxy and orthopraxy orthodoxy is the easy part orthodoxy is just accepting propositional theological truth And saying amen. Amen what's harder is going out those doors and acting accordingly So solomon he puts his hands out and says hey Aaa Be careful to be loyal to our god and to keep his statutes his laws and his judgments Let me ask you do you remember you remember what your first car was? I got in trouble. I talked about cars recently What was it pinto? Was that what it was something like that? I got in trouble I called out a car and someone said that was my car. So i'm not gonna do that I'll call out my first car. My first car was a brown mazda b2000 pickup Man alive they were a lot smaller and they're making pickups these days pickups these days or something else You know, I had this little thing going down the road and like so I had this mazda b2000 pickup now I did love the car. It was my first car So of course, I loved it and I waxed it and polished it and shined it and like at first Then I went to college and still had the car and I had other priorities or other things that interested me other pursuits for my time and suddenly it wasn't even just a lack of washing the car Other things like I don't know oil changes just things that you just should do, you know, the common sense stuff I was like nah this This car hasn't let me down before right? I mean, I didn't give it an oil change in the last month So it probably doesn't need this one month. Well kick that forward a while. What happens i'll tell you what happens It ends up with me on i -5 north of eugene oregon on the side of the road having Say flipped a rod. I'm those you know cars better. I don't know what happened bruised a rod broke a rod Whatever there was a rod involved and it stopped working And so the car stopped working and it never drove again. That was it I kissed a goodbye it went on a tow truck and it was and it was gone We tend to prioritize the things that are important to us It's easy to ascend to propositional truth when it's right in front of us the people there at that time With the new temple and the hurrahs and you know the celebrations and the dinner on the grounds They were having back in this day. The people were excited. It wasn't hard to get them excited It wasn't hard for them to get amen and all that the hard part was in nurturing and caring For that which god entrusted to them down the road and for prioritizing the same things through their actions that they prioritize with their lips Right here and the sad thing was that they wouldn't When I say this is the high point of israel's history up to this point i've been it What does that imply? It implies that things got worse Which they did God made a promise I got you I got you in your future And they had made promises to the differences. They didn't keep theirs And so they backslid in the most egregious of ways to the point to the sad point as we studied in our review of ezekiel Last year whenever it was To the sad point that the same god who came to dwell in this temple in first kings chapter 8 would leave it and ezekiel 10 He would depart the temple leave it as ikabat empty of his glory There's things that have been trusted to matters of faith if you're a parent if you're a father There's things that have been entrusted to you to look out after your loved ones to nurture their faith To take care of their faith to take care of your own faith so that it doesn't get broken down on the side of the road When life circumstances throw you a curveball, which is inevitable There's bins in the road. You can't see coming So The way that we grow and sustain our faith is by immersing ourselves in the faith by doing what god has Said all right before we wrap up or in closing here I want you to notice at the very end of verse 61 He says something interesting and at first when I looked at this text a few years ago I missed it, but I don't want to miss it today verse 61 He said let your heart therefore be loyal to the lord our god to walk in the statutes and keep his commandments And then he adds these four words as at this day Solomon knew the people's history He wanted them to have that particular day emblazoned on their mind to do that Which they had promised to do that day in the time yet to come and yet As we said just a moment ago They wouldn't Roughly 400 years later after this text That day would be a distant memory and they would have forgotten it 400 years later there would be no more cheering There would only be what we call lamentation There would only be disaster Roughly 400 years later as we said before god's glory would depart the babylonians would show up. That's a bad trade They gave up the glory of god. They received the babylonians Ezekiel 10 says this the glory lord departed from the threshold of the temple and stood over the cherubim and the cherubim mounted up from the earth in his sight Same temple look Can that happen to a church to a denomination a nation? Yes, yes, and yes It can happen if we don't keep the first things first It can happen if we don't prioritize that which we're called to prioritize It can happen if we stop trusting god and start trusting ourselves It can happen if we ignore what god has said in his word And start coming up with our own precepts and following the wills and wants of our own hearts In this passage that we've read today Solomon god through psalm is reminding the people that hey, there's some intentionality i've made you a promise and yet and yet There is a degree of intentionality on your part That your future is going to be heavily predicated upon. What will it be? What will it be are you going to be zealous to do the very things that you promised me on First kings 8 that you promised you say you're going to do you say amen. Amen. Are you going to do that? You won't if you're not intentional about it and in time In time the temple might be empty and in time churches or denominations can follow suit and if you don't think that's possible Go to europe Go to new england Just see places that once not that long ago resonated that once With at least a cultural religiosity And all likelihood of something far stronger now be turned to just empty husks of what they once were If it could happen in israel if it could happen in europe if it happened to england it could happen in the bible belt Our responsibility Is to cling to that which god has delivered us once for all through the saints And to champion no matter what the world tells us no matter what's going on in the culture around us Let the culture go to the wind This is what we're called to adhere to and salman put it before the people in an old testament context Said do this and live The same is true for us Let's pray Join, dr. Toby holt and dr.
A highlight from Rich may buy a horse and name him Humpty hump. Matt is a dancer now and his humpty dance may get him into the dating scene. Mans lifespan depends on who he is married to. Matt is wondering how to become a certified installer of sunblock oil on males. Rich knows what happened at 3AM but Matt has no idea because he was sleeping ! Episode #415 August 16th. 2023
"And for the sunshine and rain today, it's August 16th, Wednesday episode 415 from this And this is Matt on this mic on Hump Day. Hey, have you ever heard a… talking about a hump day, have you ever heard a Humpty hump? What is it, horse? Humpty hump man. Is it horse? No dude. Because that would be a perfect name. He was a rapper. Shock G. He was out of Oakland. Where are you bringing this paper from? He had a hit song called the Humpty was the best life. We had sausages, potatoes in the fire, you know what I'm saying? They didn't feed us with, what do you call that? McDonald's. No, those things that you burn over a fire with the chocolate in the middle. Oh, the s'mores. Yeah, we don't have that chemicals. You missed out. I don't think so. I don't miss them at all. Yeah, you haven't noticed that the average lifespan of man has increased. Yeah, and it's all been with preservatives, we've been eating it. I tell you what. What are you, a dietician now? No, I think it has a lot to do with the guy Mary's. Oh, that might be. Remember what my friend Roman said? Yeah. My ex -wife, she was specialist. She find problem for every solution. Remember that? Yeah, that was good. That's what shortened my life for 30 years. Yeah, well, you know. Yeah, what? Don't worry about it. I'm not, I'm just, I don't have that problem. Anyway, it's hump day, we're celebrating Humpty hump. What do you got for us? What I got for officials. Yeah. Julie Ambrose, thank you, thank you for the music, the tunes, man. The song that we have on front, Divine Naples, Sunshine, you know, it just tells you everything. Don't worry, we're not going to change it with the Humpty dance song. No, no, but it always, when I see you close your eyes and humming here. Yeah, it's a happy song. Yeah, I always recording your humming. I'm going to make a song out of it. Oh, great. Yeah, it's gonna be, we got selling number one on the chart. It's gonna be single. Since we have, we have now connections in the Bezos industry, we're going to get to it. Yeah, that's awesome. Then, you know, maybe we're going to get you a little further. Now, Bruce and Julie, that's a Terracitara band that plays music behind our voices. So if you want to buy their CD, go to Terracitara .com or come to our Divine Naples Coffee and Wine Bar. We will gladly sell you one of their CDs. Yes, we will. BeachSOS .com, that's our official sponsor. So if you're sitting doing nothing, which you know, people do on the beach, then let us know. If you can fill your belly with something good, we have it. 250 items to choose from, from a bottle of wine to dessert sandwiches and baby wipes. So you just tell us. If you need to apply sunscreen, I'm volunteering. If you're female, if you're male, you're out of luck. Yeah. I mean, I'm not certified. That's a good, good call. We are not certified for males. Yeah, that's okay. Uh, you know, what can you do if you're not certified? Maybe you should get certified. Is there any kind of training where you can put oil on men? I don't know. Is it? I don't know. I'm signing up for it. So how'd you learn how to do it? I was watching YouTube videos. Oh yeah. Well, there you go. You can learn everything. I learned my accent there too. That's good. It's a Kentucky accent. It's a beautiful Kentucky accent. Thank you. divineapals .com forward slash discount dash coupons. That's where all the discounts in the amount of $500 waiting for you. So get your printer ready. Maybe, you know, send yourself email. You don't have to print anything. And don't forget this wellness month. We still have 14 days left, right? So you have plenty of time to book your massage. Even though you can do it after, if you're busy or not here in our spa, which is Divine Spa. That's pretty much what I have to do as officials. And this is Rob with that. We can go to our business. Yeah. Why don't you get right to the business? Yeah. So business is very simple. What is it business? You know what happened in three o 'clock in the morning when you were sleeping? I don't know. I was sleeping. I mean, it makes sense that I wouldn't know. I know. I know what happened yesterday. We didn't know anything either. Oh, we did know though. What? Yeah, we know. Now we know. Yeah. So since we know and I know since three o 'clock in the morning, but you don't know. And now I know. Now you don't know yet. You will know and everybody else will know too. We are live with our podcast in Bezos heaven and also Spotify. Oh, look at that. Yeah. So we got invitation email for a podcast to be published in Amazon music. You know, so we are since three o 'clock in the morning and also on Spotify. You can find us on those two platforms, which I think is a fantastic. Yeah. That is really millions and millions of listeners. So we're going to get our voices five million, I think in the Amazon one. Yeah. We're going to subscribers. I don't know. Yeah. 55 million subscribers. Yeah. It's a small that's chump chain. Yeah. Yeah. So, um, we're going to ruin 55 million lives. I don't want to be responsible for that. Oh, you don't want to be responsible for anything, but I can see the, uh, except for putting sun tan lotion on people. Yeah. I'll take the responsibility for it. It's easy. Yeah. So, um, since, uh, Mr. Bezos was so generous and send us that invitation email, I want to just, you know, pay forward and give him a little shout out here on that very valuable, very important and very famous podcast from divine Naples. And that is that, uh, Mr. Bezos, when he gets his, uh, uh, items back, uh, when somebody returned them and that they don't want them, uh, he needs to get rid of them. So he established businesses and one of them is called hot bins. And that is in, uh, in Fort Myers. And, uh, I'll tell you what, it's actually a very interesting business. They get, uh, all these returns from a big corporations and big, uh, back stores like Walmart, Kmart, and, and, uh, while targets and Amazon and everything, they pack them in the bins and they change the price daily. So I guess, uh, I think Tuesday is the day when they bring new merchandise and the price is certain amount for each item is same price. Wow. That sounds like shopping. Yeah. You don't have to do your window shopping shopping. Let's go, honey. Yeah. Uh, that's exactly right. What I would say if I go and your wallet's going to be a little lighter when you get home, but maybe the trunks are going to be heavier. I don't know. You got, can you fit a lot of junk in here? Yeah. Talked about junk the other day. Well, junk. I have a big garage. Yeah. And then you do the garage sale. That's exactly right. Now I feel, I feel where you're going. There you go. That's exactly what the American economy's on. Somebody spends the money. So you just get done yesterday or the day before. I can't remember. I can't remember what, you know, five minutes ago, uh, you just got done telling people to, to, to not shop and fill their garage stores, but now you're telling them to go up to Fort Myers and binge shop. It makes so much sense. And then when you get done binge shopping and get home and look through all this stuff and use it once you can go, I don't really need this. Put it in the garage and go ahead and pay a couple of months on the interest and that type of stuff. And then just open up your garage door in two weeks and start selling it for about 10, 10 % of what you bought it for. But that's exactly what I said three days ago. And you look at me that I'm crazy because and now you're using it against me. Don't, don't, don't store up a bunch of stuff in your garage, but you got to go binge shop. Anyway, it makes all the sense in the world to me. I'm just, you said that's your, that's your favorite sports garage sales, but it's like with my ex wife, I was like, Oh really? And we got to go out and do this garage sale thing again. And then, you know, it was always never just thinking about what's good for the other person. I should have just said, Hey, if that, if she's into that, let's go and do it and make the best of it. And then if I was smart in those times, like you tell everybody I lived in caveman days. So I'm going through the garage sales. I could have found some things of value. I mean, you go out to the Valley where they grow stuff. I'm not saying, I mean, your dad and you are farmers. I'm not saying all farmers are kind of low IQs or anything, but they got stuff in their garage. That's worth money. And if I would have just been a little smarter and educated on what you could find in the golf, uh, in a, in a garage sale, I might've made some, some money anyway. So everybody go been shopping, but you have this rampage here, which is a point is taken, but you have to understand my reasoning. Yeah. Okay. My reasoning is I'm trying to kill, uh, with a two flies with one shot because I, I trying to save some energy over here. Right. So stroke Bezos.
A highlight from De Mont Saint-Michel bezoeken? Dit zijn mijn tips!
"Bonjour, je luiste with a podcast van Frankkreig Binedor, der website voor je ve gan sieen Frankkreig, mit insider tips, vlogs, roadtrips, Reisverar, ebooks, en nyke Buke, so as Frankkreig Binedor on daket aan wer de Frankkreig, that since 2019 at best voor koch de Reisbucke kauen hoeen, en in dese podcast nämeen Mee när de der Brundemoor Senn -Michel, en geewig een goude tip on de masse te vermeide, plus as bonus, a smart test van a omelette. Lauste de Mee, ik reer den is en hotel voor een overnachting mit a good restaurant, een pakkee plaats en oblobe aafstand van de Brundemoor Senn -Michel. Klinkt van Tastiestag, en dat isedag. Torek is oen de verpass när Britannje, socht ik en loke plaak van een overnachting. Een it lake meavav ik en s loke, om dat dumbe de Maung Senn -Michel, ob de Grans van Britannje en Normandy. Eet was a vie en teitgeleider dak een wasgeveest, een und dak een practice lanske van, ton een grichting roskov een Britannje reit, was ite moe underbraking van de Reis. Eeged er en hotel voor een overnachting mit a good restaurant, een pakkee plaats, en oblobe aafstand van de Brundemoor Senn -Michel. The plan was, on Smirnraas ronden Euro 3 aan te komme, so that the Norwegian state was en lope nar de Maung Senn -Michel te gaan. Een saavas dan in de drestaurant van de te teer legget eet, eet draapwap, nah bet, en de vollogte ochten topteit obstam, om de strom touriste voor te zijn. Een ue dat flikte, kun je heen naar hore. Eeg saa een niet heerme gan van mooijen mit de regge, story van de Maung Senn -Michel, ma dijs eega troog naar eet jaar so van de de nagt. Tunde biskhop au beer van avraans, een klein kapel op av een een laungje maung tombe in de bijleebau. Tat det eej, om dat de ARS eengel, mije alb, drikir een hem sauzein versgeen. De welten is van ARS eengel, mije alb, kun je op die versse plaeken op de heude Maung Senn -Michelsinge. Åver es peen ik oenen reverennt teeges de komme van een stadt, dat ee kapel op en beer eegen een bozwetgebout, ma dorren storren flutronte jaar neegel hondert, sau de baai is een on staan mit det eerland van de Maung. Ma fijt ist dat de dese plaekt du saan feelle hondere jaar, een bijondere dorrepligt mit een iendrugweckende abdij. Een die abdij streuungs oek borntije, asge fangen is eengebraak geest. Ma sinds neegt een drinken sester, hoe dese wirde monneke bevord, een asje eebend, is een daagreksen bijondere miste vorgen, ma daar aufe darlek meer. Sins, eegt een sovene soventer, werde maunsse meesjald oer een dijk vor bonde mit det vasterland. Een tat 2014, mars de gute operatte, wenn eer een de tourweerde, on dat de baai, en de dijk, wij spriendt teit on de vater konden kommeen tes taan. Een pakir konje voor die teit, tat circa 500m van de rotz, een asje de anweisingen van de pakir wagt is niet op vorte, die pier eet rissi ko, wij een otto in de vater konnte staan. Een tat gebure de reermattig. De groortig is een hjellanders, man since 2014 is de dijk veneut een deus voor vangen doren brug, iver binning mag meen de maunsse meesjald. De otto mujer achter latte, op pakir plaatse op een kilometres drei van de tourwungsport. Een tusse de pakir plaatse, een de tourwungsport van de maunsse meesjald, reide na vets, dat sein spesiale busset, een mit groot regenmaatte heinen wirreide, toten parnhundered meiten voor de ingan. Een pendel busses een graathes, wer voor de pakir betalienen bedrag per otto.
A highlight from Guys Take_069 - But It's Just Digital Points...
"Have you ever tried to explain Bitcoin to someone and you get the response that it has no intrinsic value, that it's just a bunch of digital points and so it's not real money like the dollar? Well if you ever wondered how to frame the answer to that challenge, this is the episode for you. This will be the first in the guys take FUD busting series. It's just digital points. The best in Bitcoin made audible. I am Guy Swan and this is Bitcoin Audible. What is up guys, welcome back to Bitcoin Audible. I am Guy Swan, the guy who has read more about Bitcoin than anybody else you know. Don't forget to check out AI Unchained, our other podcast. We had a really phenomenal conversation with Dhruv and I've actually got a piece I'm going to be reading this week that I think is really fascinating and I finally have my, or at least all the pieces of the AI machine are together, but I've got a DRAM light on the motherboard so not something's right and I'm not sure what it is. I didn't think I needed to flash the bios, but maybe that's what I have to do now. Which means I need to take all this stuff back off of it, I'm not happy about it, but it is what it is, but the AI machine is at least in a troubleshooting phase and closer to being completed. So stay tuned there, there should be some really fun stuff to update on that one. But today, we are diving into our first of the FUD series and this was largely inspired by a conversation I had while we were traveling with just a stranger, a barista, I was getting coffee and essentially the response was, and we talked for quite some time, we talked for But her perspective, I just could not seem to get past her idea that it was just digital points, that it was all just kind of meaningless, but Bitcoin would be, sure, that could be a good option, but it all just seemed so arbitrary to her and I wanted to, I feel like I didn't really have the time to set it in and I probably didn't, it wasn't until afterward that I realized the direction I took, I didn't know until after her responses that I was kind of going in the wrong direction from her perspective, or at least one that wouldn't really enlighten the situation at all. So I decided it was time to do a FUD series, take the large claims, the predominant claims against Bitcoin and basically break them down. And we are starting today with our first in the series with It's Just Digital Points. This show is brought to you by Fold and the Fold debit card. This is a fiat debit card, a normal banking debit card, except that it's not normal because it pays you Bitcoin to use fiat. I get 1 % back base on every single thing that I do, plus a ton of spins and literally just the other day I hit 100 ,000 sats on a spin, I shit you not, one of my free spins of the day got me 100 ,000 sats. Then for tons of major merchants, Amazon, Uber, Airbnb, DoorDash, there are even higher rewards, 7 % back, 2 .5 % back, 3 % back. I use the gift cards religiously through the app for a lot of purchases that I do. This is such an easy, low barrier way to stack tons of extra sats that you don't even have to pay for. And you can buy Bitcoin directly in the app. Check them out at BitcoinAudible .com slash fold. Now another way to get Bitcoin really easily is to sell your services, your products, request donations, do fundraisers, to plug Bitcoin into your online life. You have a skill, you have a hobby, you have an online store, Nodeless .io is the simplest way to set this up. In fact, I was just working with someone the other day that just kind of made it clear how important I think a product like this is. She was having trouble setting up BTC pay server on her own node, and which she still has and should use in all other contexts. But setting up online integration is just not an easy thing, and BTC pay server, if you're technical, is a wonderful tool. But when I suggested Nodeless, and that it's just a 1 % fee, and she can just plug this stuff in, she can make a paywall in literally seconds, and that this will forward straight to her cold storage, and there's no KYC, the reaction was literally, oh my god, yes, let's just do that. And as someone who does use BTC pay server, and can, and is very technically literate, I still use Nodeless, because it's just, it just works. There's no channel management, you can get your own lightning address through Nodeless, and it just automatically forwards all the payments to you. Check them out at my link, BitcoinAudible .com slash Nodeless. And lastly, your cold storage. You gotta get a cold card. That's where Nodeless is going to automatically send anything that you make online, or anything in your fundraiser, anything like that, and it's where you're going to withdraw your fold sets. Because you want to know that they are yours, that they are secure, that they are on a safe, easily accessible, low attack vector device. It isn't busy doing 100 other things, or trying to appease a million shitcoins, it is Bitcoin only, and it just does its job. They have a very long -standing product and place in the Bitcoin ecosystem, and a highly trusted reputation, and you can get 9 % off with code BitcoinAudible all one word. Go to BitcoinAudible .com slash coldcard, and all the links and details for all of this stuff are right in the show notes. All right, so what do we say? How do we address the concern from the no -coiner or the pre -coiner that it is just digital points? Or maybe it's good to start that conversation with, you've never used anything but digital points. That's exactly what fiat is. In fact, if we're specifically saying it's arbitrary or it's empty digital points, that's a far better description of fiat than it is Bitcoin. There is no physical dollar, and I don't mean it like there's not a piece of cotton paper, but that the piece of cotton paper is just to carry around proof of digital point. But your dollar isn't backed by anything. You don't redeem it for anything. You can't redeem it for anything. There's no gold in the vault somewhere that's waiting for your dollar to come get it to make sure that your dollar is always worth what it was worth yesterday. And if you go ask for redemption and you want something other than the dollar, there's not like a law or there's no contract anywhere for any reason that says that you're going to get like four bricks out of the White House or something if they don't pay you some other way. You're not going to get shit. If somebody doesn't, if the owners and the printers of the dollar bill don't want to pay you, in fact, just the opposite, the printers of the dollar bill are you are paying them. You are working for the money and they are printing the money. They are getting the stuff that you make for free because you work for the tokens, the empty digital points that they issue and give to you in exchange for them. You make a bunch of sandwiches, you make a bunch of food. They eat it and they print money. They do nothing. So while you put food into the economy, they take it out and they put nothing back in. They just create a bunch of empty digital points out of thin air so that you will work, so that you will pay them because the tokens aren't the value. The tokens are just a reflection of the value. There are means to communicate that value, but the value is the food. You know, if somebody said, would you rather have a million dollars and never be able to eat again or would you just not be able to use money and have an infinite supply of food? You would take the food because you're just going to die if you have a million dollars and you can't eat. A million dollars is only valuable because you can get food with it, because you can buy a house, you can buy a car, you have access to energy because all of the things you actually want exchangeable are for the tokens. Which means that the fact that it's a token, that it's a digital point is completely irrelevant because all of its digital points, even go back to gold from the 1600s, we were still just using digital tokens that were redeemed for gold or not digital. We were using analog. We were using virtual. Virtual is the better term. Virtual just means it's in place of. Digital is specifically referring to zeros and ones, and obviously a gold token, a gold note is virtual gold, like it's redeemed for gold, so it's working in place of it. It's a fake version of it that is intended to be used for the real thing, but it is obviously not zeros and ones. But literally that started 500 years ago. And understand when somebody says that the United States dollar is backed by the full faith and credit of the United States government, that doesn't mean anything. All that means is that you will pay for it. It doesn't mean that Congress is going to get together and build a bunch of houses that they're like literally going to put on some gloves and they're going to go out and they're going to make a bunch of programs and do a bunch of stuff. No, it just means they're going to steal it from you. Saying it's backed by the full faith and credit of the United States is like saying the dollar is backed by the fact that you will have to work for it, even if you don't want to work for it. So it would be like if a slave on a plantation has tokens that the plantation itself issues, it creates, and the slave says, oh, well, no, this, I can, I can buy a shirt, I can, I can get cotton to make shirts for this token, therefore it's valuable. But the plantation itself doesn't have like a capital stock of cotton. They don't have like a bunch of savings. In fact, just the opposite. The plantation owes astronomical amounts of cotton that haven't been picked yet. Well then to say that the token is backed by the full faith and credit of the plantation just means that the slave is going to continue to be forced to pick cotton and that if they pick more cotton, well then the token will be able to get them some cotton. But they are the ones who picked the cotton. The plantation didn't back anything. They just picked their own cotton. The plantation took a giant haircut and you paid for the plantation's debt and then the token paid, the token allowed you to keep whatever cotton was left over. The full faith and credit of the United States government doesn't mean shit. And if they in debt themselves to trillions and to the hundreds, tens to hundreds of trillions of dollars, which they're going to do, they basically already have the unfunded liabilities are astronomical. The full faith and credit of the United States is nothing. It's literally worth negative because it means that you're, you're holding onto their liability. That not only do you have to do those, the exact work you need to pay, are you the only one doing the work for the value that you get, but you're paying for their debt on top of it. It's the credit. Their credit is not good. Their credit is a negative. Their credit is something that you owe them. So I cannot stress this enough. Backed by the full faith and credit of the United States literally only means that you are going to work off their debt and you might get a pittance that is left over. Now it may seem like for a pretty long time, at least a few decades, that you're getting it for free because you can just keep nurturing the debt and you can just keep growing the debt and not actually pay it off. You can just hold onto the balance. But that literally only works as long as you have capital stock to deplete. So if the plantation had a bunch of cotton, like saved up, like in like a giant cotton bin, well, then they could keep running debts and they could just keep lowering the amount of capital stock that they had until the bin runs out. But then the gig is up, then you have nothing. And that's what we've done. That's what the United States has done. They've gutted their manufacturing because they just keep printing money and they keep issuing debt. What has happened is that rather than building up and growing the economy and actually having money that reflects the actual economic activity, what we've done with the money is we've dismantled and sold off our tools. We've dismantled and sold off our manufacturing. We've exported all of the products that we purchase and we've become this service economy. And people say, it's like, oh, that's a modern economy. No, it's not a modern economy. It's an economy that has been gutted of all of its real value through a debt and money printing scheme. I'm sorry, but services are simply on top of the physical things. Like if you don't have a house, if you don't have electricity, if you don't have running water and you don't have food, then your Netflix is meaningless. So if you sell off all those other things, you sell off the manufacturing base and you sell off the production of your own goods, then your services are worth jack when it comes to the point that they're not selling the goods to you anymore for the tokens of your credit promises. So that's a really lengthy way to say it is all just digital points and all you have ever used are empty digital points. The real question is what is the integrity of the point system? Think about it like a game. If you wanted to determine who the greatest chess player is, what do you do? You hold tournaments and you have players play each other over and over and over and over again. And you take the winners and then you set them against each other and they play a bunch of games and then the person who wins the most games plays someone else and then they play etc. etc. until you're left with one person. But why does that work? Because the points you get actually have something to do with whether or not you won the game.
A highlight from Algo Solving Climate Change! (XRP Transactions EXPLODING)
"Thank you, Hillary. And our 72 other friends. Hillary. Hillary, Barack, Joe Biden, thank you for your service. Yes. Thank you for your service, guys. This is Hillary Clinton's face when she's trying to do a serious show. Like I am. It's what it is. Okay. Watch out for Mr. Labs, guys. Watch out for it. They have a scammer at the head. I don't know if she's a scammer or he's a scammer. I don't know. I don't want to disgender. Cisgender? No. Disgender. Ungender? Sorry. We're getting in interesting territory. Is Al Goren teaming up with the Clinton Foundation to fight climate change? Now, I think, are we going to show that meme, BJ, during this? I mean, it's very serious. Well, I would actually say this is serious. We came, we saw, he died. And that is from Hillary Clinton, obviously, referring to Osama bin Laden. Thank you, Hillary. And her 72 other friends. Hillary. Hillary, Barack, Joe Biden, thank you for your service. Yes. Thank you for your service, guys. Sorry. Is Al Goren teaming up with the Clinton Foundation? Now, Al Goren is a very liberal project, just so everybody knows. Zoe McCalley is from MIT. They're very liberal. Very liberal. They love climate change. Love climate change. Same value about them. I don't hold it against them. I just understand these are liberal people that are running the project. Have at it. Teaming up. I don't hold against them. I don't think this is a big, you know, super bad story. And I think with joining with the Clinton Foundation, I'm going to bury that one. I'm not going to say it. I'm not going to say it. So did she. B .J. You're getting a little off there, B .J. B .J. Trying to keep this reined in. Just giving people information. Giving people information. Giving them what they want. Yes. This is what they want. And letting them decide for themselves. And we could, like, we could revamp the show. We could move to like a two joke maximum. Go to a two joke maximum. A one story, two joke maximum. Maybe the people like that. We start finding ourselves every time we go over. Absolutely. Two jokes. Yes. Absolutely. Absolutely. Al Grant Foundation behind Algo has come under scrutiny after Altcoin Daily posted a video today. Al Grant was wearing collaboration with the Clinton Foundation. Guys, this is not new news. You know this is not new news, right? You know we covered this story three months ago. Do people know that? Like, oh, my God. This is Hillary Clinton's face when she's trying to do a serious show. Like I am. It's what it is. Guys, this is not news. We broke the story three months ago. I remember AJ came in one day and was like, you know, AJ, I love AJ. AJ's great. I trashed him earlier. I'm going to lift him up a little bit here. Okay? Me and AJ have our own show coming soon. Yeah. It's going to be a very serious show. As all of our shows are. He's like, man, I don't know what to think about this Clinton Foundation stuff. This is bad. Al Grant's getting with the Clinton Foundation. I love Al Grant. This is bad. Wait a look, Doc. I said, it's not bad. I mean, people can have these relationships. Where they want. Like, guys, it's a liberal project. Of course, they want the Clinton Foundation involved. It doesn't mean it's evil. Just because someone's partnered with the World Economic Forum does not mean they're evil. Just because someone is in the World Economic Forum does not mean they're evil. We don't know. There could be some good people in there. Maybe Fox is in there now. Potentially. I don't know. But, guys, people partner with a lot of people, you know? Plenty of YouTubers out there promoted FTX. It didn't mean they were bad people. Maybe they didn't know. Maybe they didn't know what. Actually, they didn't know. None of the YouTubers that were talking about FTX all the time and promoting it knew what was going on. Nobody knew. We are the first people who started having some suspicions and putting it out there outside of refinance. So you can't really judge them for that. So, look, at the end of the day, Al Grant is a very environmentally focused blockchain. Okay? So, it makes sense. They're trying to be the fastest and the most efficient. So, see, back in February. Oh, I said three months ago. I mean, this is longer. It was six months ago. Six months ago this happened. Kicked off the week with the Clinton Foundation and the Globe. So what I'm saying is, guys, this is not new news. It's old, they call it. Well, it's almost a joke. I'm sorry, guys. I apologize. XRP makes over 1 million transactions daily. One was six euros behind it. Here's why it matters. On August 8, data retrieved by Finbowld, which I've always wondered what Finbowld means. I've always been confused on that. From BitInfoCharts, and you see BitInfoCharts, they clearly distinguish with capital letters. I like that. Shows that there were close to 1 .28 million daily transactions on XRP Ledger as opposed to 1 .09 million for Ethereum. Bitcoin, the leading crypto, lies far behind. We love it when things are behind other things. We love that. Because it shows potential. It shows potential for what could happen.
"bin" Discussed on Bloomberg Radio New York
"O four a barrel one O four O 5 right now up by 1.4%. We are now minutes away from the latest earnings report out of Netflix ahead of earnings Netflix surging now by 5%. Recapping S&P up 2.8% best level of the day I'm Charlie Palatin, that is a Bloomberg business flash. Quite a rally today. Thanks so much for that update, Charlie pellet. This is Bloomberg. It's three 48 on Wall Street. The following is an editorial from Bloomberg opinion. This editorial was written by the Bloomberg editorial board. President Joe Biden's efforts to tackle surging inflation driven in part by high energy costs are demanding more flexibility than he might have wished. His recent meeting with Mohammed bin Salman, the de facto ruler of Saudi Arabia, was arranged in hopes of boosting global oil production. Biden is also apparently relaxing his previously firm opposition to certain new fossil fuel projects in the U.S.. The economic stresses caused by Russia's war on Ukraine do demand a pragmatic rebalancing of policy priorities. But this should not jeopardize the administration's climate change goals. Indeed, the current emergency only strengthens the case for a faster transition away from fossil fuels. Strengthening energy security and fighting climate change can and must go together. This editorial was written by the Bloomberg editorial board for more Bloomberg opinion, please go to Bloomberg dot com slash opinion or go on the Bloomberg terminal. These has been Bloomberg opinion
"bin" Discussed on Bloomberg Radio New York
"Bloomberg television. This is balance of power on Bloomberg television and radio. I'm David Weston. It's another day. That means it's another day for President Biden over the Middle East. Once again, in Israel and we turned out our Washington correspondent with him over in Israel and Jerusalem and rih horder. For those of you on radio, I'll tell you it looks like a beautiful evening. One of those typical beautiful summer evenings in Jerusalem. I'm envious Anne Marie. So what did the president get accomplished today? I absolutely gorgeous evening David. Thanks for having me. So today the president had a press conference with the prime minister caretaker prime minister, remember Israel doesn't have a government at the moment. And really at this press conference, he declared the U.S. support is ironclad for Israel and they also discussed about extending that agreement that goes to 2028 in terms of billions of dollars of defense for Israel, but they didn't give us an end date for that. Remember, this was one of those very difficult negotiations under the Obama administration with the former prime minister Benjamin Netanyahu, the president also met with today because he is the opposition leader and really one of the biggest topics of today, David, was about Iran and how the president says he will not allow Iran to get a nuclear weapon and that it's up to the Iranians to take the deal that is currently on the table. So that was really the heart of the conversation today in Jerusalem. It is really going to shift tomorrow and the president becomes the first U.S. president to fly from Israel to Saudi Arabia when he meets with king Salman and crown prince Mohammed bin Salman. And as I understand it and Marie, even though you were in Jerusalem, the question of what happens tomorrow and the ensuing days with The Crown prince Mohammed bin Salman was not far from people's minds. Actually, the president was asked about it, isn't that right? Yeah, he was asked about and he'll constantly be asked about it because this is really a difficult line for the president to walk. It's the country he had vowed to make a pariah when he was campaigning. And now he really needs the kingdom to help him out. His biggest domestic problem is gasoline priced in inflation and the kingdom has the spare capacity to potentially help balance the oil market and how the administration would like to see a little bit more oil coming on to the market. He was asked though today about whether or not he would bring up the killing the murder of Jamal Khashoggi. The president has said that he has made it very clear his stance on Jamal Khashoggi didn't say he would bring up that exactly when he meets with crown prince Mohammed bin Salman, but did say he would bring up human rights issues, David. Yeah, at the same time, we don't know whether it will raise the question of Khashoggi. Do we not that they'll talk about security issues in the region, including involving Israel and most importantly, once again, Iran. Yeah, so on the Israeli front, the president said today they do want to continue and seek out more countries to normalize with Israel. We have Morocco, Sudan, the United Arab Emirates, as well as Bahrain under the Trump administration normalizing with Israel and they would love to see that relationship with the kingdom of Saudi Arabia, but the Saudis have made very clear that there could be no normalization, at least officially, David, when it comes to the two nations because
"bin" Discussed on The Face Radio
"Gold someone darker about how she can make 'em feel some all with some long it I'll oh third make come home all night long Old pa oh welcome to talk. Yeah back porch all below you and now that apple new ea tea's squeeze and we that's how love is the only lucky in too. We lucky lino one fault a four. Now it's the only thing. Yeah they all. It does anna after all the franklin with love is the only thing one could say it's the only ingredient or at least the main ingredient. Let's take it from the main ingredient and attract called. happiness is just around the bend part. Come on monday just around seven. Think something were now but there is nothing up. Did good laugh Not so ask talk Bank out that everywhere. That's what a start soon outbreak. It edelman that searching giza cooking. Bye the past typed now adults. These first a thirteen got everywhere. Action pie off. Meaning greedy brought us a track..
"bin" Discussed on The Face Radio
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"bin" Discussed on The Face Radio
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"bin" Discussed on The Face Radio
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"bin" Discussed on The Face Radio
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"bin" Discussed on The Face Radio
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"bin" Discussed on The Face Radio
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