38 Burst results for "Barry"
A highlight from The Fall of Kevin McCarthy? with Kurt Schlichter
"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, the next 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, the speaker vote is done and we are in chaos but this conversation is more important than ever with Kurt Schlichter as we go through it in real time. Enjoy. Email us freedom at charleykirk .com. Go to members .charleykirk .com. That is members .charleykirk .com to listen advertiser free and just go to charleykirk .com. You can find members only content and so much more charleykirk .com. Email us as always freedom at charleykirk .com. Get involved with Turning Point USA at tpusa .com. That is tpusa .com. Start a high school or college chapter today at tpusa .com. Email me as always freedom at charleykirk .com. Buckle up everybody. Here we go. Charlie what you've done is incredible here. Maybe Charlie Kirk is on the college campus. 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. Joining us now is Kurt Schlichter, author of Overlord, eighth in the series. Check it out. I'm hearing great things about it in the People's Republic series. Kurt, thank you for taking the time. Kurt, I was thinking who could we have on the show that's not going to hold anything back. Make our audience laugh about the Shakespearean tragedy and drama that we are witnessing. Kurt, how should we think about what is happening right now as we speak? Motion to vacate of Kevin McCarthy. Well, the whole thing reminds me of the sin of Onam. I think, you know, I'm trying to keep it FCC compliant here, Charlie. I'm an army guy. I want to know what the objective is. I don't like Kevin McCarthy. He's not my pal. I am completely indifferent to what happens to him. He is a tool in every sense of the word, but mostly to be used for an objective. What's the objective? Matt Gaetz. Why now? Why here? Why this? I know what the plan is. To the extent is it starts with vacating the chair. And step two, we're going to skip over that. And then step three is some better situation happens. I don't understand the plan. I understand that we've got a presidential primary going on. While we are talking about this, we are not talking about the lawfare against President Trump. We are not talking about the candidates and their policies. We are not talking about the Hunter Biden revelations that even The Washington Post can't ignore anymore. We're not talking about Jamal Bowman, who can't figure out the difference between a door and a fire alarm. I actually believe him there. I do think he is that dumb. Instead, we've got Matt Gaetz being followed by hundreds of regime media reporters who for the first time ever are thrilled to ask what Matt Gaetz, a hardcore conservative thinks only because they think it's going to cause chaos among the Republicans, which it is. And he appears to be eating this up. He appears to be loving this. He appears to have a personal beef against Kevin McCarthy. Not sure that his personal beef should have any play in here. Look, I'm all about winning. I don't understand how that wins. I haven't had a good explanation of how vacating the chair wins. Again, not a pal of Kevin McCarthy. It's not my favorite guy. I don't like him. I don't love him. But he's over Matt when Gaetz tosses him out with the help of the Democrats, who will never do anything that's good for the Republicans. So you could tell, you know, it's an important indicator. If the Democrats are united behind you in doing something, that's when you think, huh, maybe this isn't such a great idea. So I'm, you know, I'm concerned with winning legislative elections in Virginia, where we have to show people who have doubts about conservatives that we can govern. I'm concerned about winning in Kentucky, where we have a very important governor who's very likely to have to replace Mitch McConnell, whose health is failing. I want to, you know, is this going to help those things or hurt those things? What's the answer? I don't you take a giant leap to do something that hasn't been done in 113 years. You know, I'd like to know what the plan is. Am I crazy? No, no, there is no plan. And I understand the anger from the base. I'm going to read some emails here, though, Kurt. And I know and I get it because we have been betrayed on every major issue. So I get it. I feel the same way. I'm not even trying to do happy talk. I'm not trying to do. I'm just asking, guys, before you storm the Bastille, what's next? And there is this there's this amazing dialog that happened. I'm trying to remember what New York City liberal was, but it was the Black Panthers. I think I think I had you on once and we talked about this. So the Black Panthers came to some sort of white liberal cocktail soiree and all the white liberals were like fawning over them, the Black Panthers, best thing ever. And some brave soul, you know, listens to the speech and the Black Panthers say, we're going to burn it all down. We're going to do this. And somebody asked the question, they said, but but what next? And the Black Panther responds, he says, well, you can't know everything, man. It's like, OK, hold on a second. Like, let's climb up, like let's I get the anger. I understand it. But here's let me just read some of these emails here, because, again, I have received thousands of very nasty messages, not even because I'm saying we shouldn't be doing this. I'm saying that this has probably not been thought through, like just what the one, two, three, four is. Right. So I'll read one of these emails here. Right. Charlie, the time has come to burn it all down. They're all the same. It can't get any worse than what we have. What is your response to that, Kurt? That's about the stupidest thing I've ever heard. And I think we need to sugarcoating it with our people. OK, I've been in the ruins of a civil war. It gets a lot worse. We have problems here, you know, and I find it interesting that guys like you and I, who no one is going to mistake for a squish unless they are actively stupid or think the listener is actively stupid, are saying, wait a minute, stop it. We need a plan. We need a direction. We need to figure out what the heck we're going to do. And it can't just be, well, let's just see what happens. Let's toss this guy out with no idea who follows. You know what's going to happen? A bunch of Republican squishes, the same one the base is infuriated at, are going to get together with a bunch of Democrats and they're going to put in a squish Republican speaker like they got down in Texas, the same kind of creep who was behind impeaching Ken Paxton. And then they're going to go, I can't believe it. You know, I keep thinking of that meme, the guy riding on his bike and he's saying, dang, these Republicans, they're screwing everything up. He sticks some between the tusks, folks in his wheel. He raps, he goes, oh, they're really annoying. Look what they did to me. The anger is understandable. And yes. And but so some I could read I could read, by the way, the audience is ninety nine percent in the direction of vacate storm, the best deal, take the head and all that. But let's let's just go through a fact, which is that the people that will be voting for motion to vacate, you know, they say they've been live to him betrayed and I'm going to take their word at it. Right. I'm not there. They are. I'm not going to. But they will they will vote with that. They will vote for every Democrat. So is it correct, Kurt, to say that this is a gift to the Democrat Party? Well, the Democrats sure think so. Democrats are excited about this. Every single Democrat wouldn't be voting for this thing if they didn't think it was good for the Democrats. That hold on, hold on. You know, that sounds obvious, but time out, time out. Say that again, because that that that that's not Barry the lead. OK, hold on. I want you to repeat what you just said. Say it again. Every single Democrat would not be voting for this if every single Democrat did not think this was good for the Democrats and bad for us. That sounds so obvious, but because the Democrats never vote against their own interest ever. No, no, they don't know about their political party interest, not the interest of their constituents, of their power. No, I look I think you're right. And I, you know, I'm. I understand people are frustrated. Grow up. We have a four seat majority of one house of the Congress. OK, there are a bunch of reasons why that's true. Many of them the fault of our own party and our own choices and actions. But that's where we are. You know, I can't believe why isn't he decreeing blah, blah, blah. Because, you know, maybe you should have paid more attention that that Schoolhouse Rock. I'm just a bill thing because it's it doesn't work like that. We have got to make incremental movements. We are not going to make this is this is not going to be a giant sweeping cavalry charge. This is going to be bayonet fighting inch by inch. And sometimes you're going to lose ground. Sometimes the bad guys score points. The goal is to move forward, but you never move forward by losing. I don't want to make any broad proclamations, but we will. It looks like we're not going to have the House next year. I'm just going to tell you right now it was this is not making it more likely for most of our audience doesn't care. And they're telling us and that's not what they will. But they will. Once they abolish the Electoral College, I'm going to get a lot of e -mails. Yeah. Well, I can't believe I'm doing this. Well, believe it. And you thought it was a great idea. No, I would rather not be in the I told you so mode. I know I get it out. I know when when Washington, D .C. becomes a state, I don't want to have to replay this segment. I don't. Yeah, exactly. Guys, think. I just want to make sure everyone's clear. I share the anger. I share the volcanic eruption against the unit party. Let's be smart. Let's ask ourselves, is there any downside to letting our emotions govern our behavior? I want to talk about relief factor dot com. I want you guys to check out relief factor dot com hundred percent drug free knee pain, back pain, joint pain, elbow pain. Check out relief factor energy. Help makes your body make nutrients readily available. Relief factor sleep. I know a lot of you are probably having trouble sleeping. Relief factor sleep could be the best solution for you. Everybody goes to bed. Not everybody sleeps. We're all about helping people live lives that are filled with connection, exploration, passion and emotion. That is what his life is all about. Make sure you guys are sleeping well. It's a major part of life. Check it out right now. Relief factor dot com relief factor dot com.
Fresh "Barry" from Bloomberg Markets
"Voices of experience tell their stories on masters in business. When I got hired in 2013 M &A was dead. I think life and markets are intertwined. Barry Ritholtz hosts Masters in Business subscribe today on Apple Spotify or wherever you get your podcasts. Bloomberg Radio context changes everything. Are you a next -gen advisor looking to join forces with a successful practice aligned with your goals or an established firm looking to augment with new talent that shares your vision? Let Commonwealth Financial Network connect you with like -minded advisors who are ready for growth. Be part of a team built to succeed today and for tomorrow. Evolve your practice your way with Commonwealth. To learn more visit Commonwealth financial .com Commonwealth Financial Network member FINRA SIPC a registered investment advisor. Hey guys it's me Isabella Gomez filling in for Smokey Bear because he's got more to say than just only you can prevent wildfires. Like if you're outside enjoying a barbecue don't let a hamburger distract you from fire safety. Make sure you aren't dumping your hot coals or ashes onto the ground because that could start a wildfire. So take wildfire prevention seriously and let's save the world one day at a time. Go to smokeybear .com to learn more about wildfire prevention. Brought to you by the U .S. Forest Service your state forester and the Ad Council. The best of Bloomberg Business Week every business
What Motivates Karen Barry, Ireland’s Favourite Powerlifting Granny?
"You seem to be very ambitious as well. Like when you started powerlifting, like once you did realize, oh, wait a minute, like, I'm actually really good at this. You started to like dream bigger and bigger. So like first was to like represent Ireland and then it was to like get on the podium. Then it was to like win a medal. And like you've done all of those things. I also think that's like, it's amazing to see someone that's that driven in other parts of their life, right? Like not just their career. What's kind of motivated you, I suppose, with that drive card? That's a tough question, because I think because I've, as you said earlier on, I've tried kind of lots of different things throughout my life. I've had some major ups. I've had some major downs, the same as anybody else. And I never really had anything for myself, if that makes sense. I think I spent my whole life saying yes to others. You know, it was always, if somebody needed help, if they wanted this done, it was always, yeah, yeah, I'll do it, I'll do it, I'll do it. You know, I always seem to be running and helping everybody else, but I never really kind of took time for myself. And I suppose I was raising a family, two, three boys and that. And, you know, I think it was, it was really kind of, you know, they, they were older and all of a sudden it was just myself and my husband really. And I kind of lost my dad. He died young at, at six years of age from lung cancer. And it was kind of all that, that, you know, I'm sitting here on my couch potato and thinking, there has to be more out there, you know, the, what am I going to do now? I don't have the boys to be running around after and, and that. And that's why I decided, you know, to get up and do a bit of walking and start that. But when I found, you know, obviously that, that made me feel good physically and mentally. It made me feel good. And then when I found the powerlifting and I thought, okay, I'm good at this. This is something that, you know, I can take for my own and build on it. And when I went to the competitions, as I said, I'm very social person, at least I was back then. So to go to the competitions at the start, it wasn't all about winning. It was like, Oh, I'm going to see so -and -so and, you know, it was just so good. But once I started getting the medals, it was like, Oh, I want more, this, I want more. Like who would have thought at nearly 50 years of age that you would get the chance to represent your country? Absolutely mind blowing. There's, there's no way in a billion years I would have thought that. So once I started winning the medals, it was, as you said, I wanted to get on the Irish team, got on the Irish team, wanted the, the, the podium. And I did, I, I've podiumed, you know, so many times over the years, and I even won a European championship as well. It was the first time that Arana Vian had, had ever been played at a powerlifting. Yeah, for, for Ireland, it was just absolutely mind blowing, you know? And I just, I don't know, it's just an addictive feeling. I just want to repeat it again and again, as much as I
Fresh update on "barry" discussed on Bloomberg Markets
"Biological and my son is adopted I love them both so much from the morning when you wake up to putting them to bed at night and every moment in between I think the parents job is to protect our children but also prepare them for the world so they become good kind human beings that's dedication find out more fatherhood .gov brought to you by the US Department of Health you heard the phrase the voice of experience you're the guy that made the bet with Warren Buffett I get that that might go on my tombstone there's actually more than one of them writing on Star Wars was crazy fun the voices of experience tell their stories on masters in business. When I got hired in 2013 M &A was dead. I think life and markets are intertwined. Barry Ritholtz
Meet Karen Barry: The Queen of Irish Powerlifting!
"Today I'm joined by the Queen of Irish Powerlifting, Karen Barry. Karen, you're very welcome to Recipes for Success. Oh, that's a whopper of an introduction. Thank you very much. Delighted to be here, Heather. Thank you. Oh, well, look, I'm going to embarrass you more because I know I said it before we clicked record but I powerlifted a little bit a couple of years ago, not as successfully or as consistently as Karen listeners, I will tell you, but that's when I first came across you and your story and I was genuinely in awe of you then and sometimes, you know, when I worked in corporate jobs and they'd ask you these questions like who did you admire and why and I actually used to give you as an example. No way. Oh, my God. That's so lovely. Yeah. So I'm a big fan girl so hopefully I can keep it together and ask you some interesting questions. I'll just be like, Karen, tell me more. So look, I suppose, again, like I said, our path crossed around powerlifting and for anyone that's listening to this that doesn't know what that is, it's a sport where there's kind of three compound lifts that you complete, it's squat bench and deadlift and they go in that order and you can compete at international level and it's actually a very popular sport here in Ireland and kind of growing across the world. And Karen, for you, I suppose, in powerlifting, you found this activity that you were passionate about and you excelled in and this was quite later in your life if I'm right in understanding you were nearly 50 at the time. Like, tell us about how you found the sport and what trajectory that then put your life on. Well, I was never sporty in school. I didn't play any sports whatsoever. Bit of a couch potato all my life, to be honest with you. And it was only when I was getting into my mid to late 40s that I thought, you know, better watch the health of it. And I started walking and doing boot camp classes, spinning classes. Not a fan of the cardio, really, but I was sitting on a spin bike one day, looking out the door thinking, what am I doing with my life? And I saw the weights section and I thought, OK, they look interesting, I wonder what that's all about. Started a little weights program with dumbbells and that, moved to another gym that was strength and conditioning specific. And that's where I first picked up a barbell. And the instant I picked the barbell up, that was it. I was just hook, line and sinker, loved it, took to it naturally, took to it very naturally. And the coaches kind of realized earlier on that, God, she's very, very strong. And that then led to them looking into powerlifting competitions. And within six months, I think six or eight months, I did my first powerlifting competition and it just completely and utterly snowballed. And before long, I was lifting internationally. So, you know, it completely changed my life. I've traveled all over the world. I've met some amazing people. I've met some fantastic close friends, you know, here in Ireland through it. My family has seen a huge change in me. It just completely took over my life. Like powerlifting is a strength sport as in physical strength, but it also carries over. It makes you mentally strong and it gives you confidence. It's kind of hard to describe.
Fresh update on "barry" discussed on Bloomberg Daybreak
"Send scrambling to increase immigration you get context and context changes how you see things how you change things because context changes everything go to Bloomberg to get context raise the voice of experience you're the guy that made the bet with Warren Buffett I get that that might go on my tombstone there's actually more than one of them writing on Star Wars was crazy fun the voices of experience tell their stories on masters in business when I got hired in 2013 M &A was dead I think life and markets are intertwined Barry Ritholtz host masters in business subscribe today on Apple Spotify or wherever you get your podcast Bloomberg radio context changes everything we gather together in communities across the nation to remember and honor to celebrate and support to light the night join us as we lift our lanterns
Monitor Show 18:00 10-01-2023 18:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. This is Masters in Business on Bloomberg Radio. I'm Barry Ritholtz. Stay with us for today's top stories and global business headlines. They're coming up right now. Apple says fixes are coming for its iPhones overheating. And mixed data on the Chinese economy signals a slow recovery. Far right Republicans are looking to oust House Speaker McCarthy. Donald Trump is expected to attend the opening of his civil trial in New York. President Biden calling for more aid to Ukraine, while in sports, Europe withstands an American rally to win the Ryder Cup in Rome. I'm Dan Schwartzman. I'll have news and sports coming up. That's all straight ahead on Bloomberg Daybreak Asia. On Bloomberg 1130 New York, Bloomberg 9091 Washington, D .C., Bloomberg 106 .1 Boston, Bloomberg 960 San Francisco, Sirius XM119, and around the world on BloombergRadio .com and via the Bloomberg Business App. Hi, everybody. It's Monday already. A very good morning to you from Hong Kong. I'm Brian Curtis here in our studios along with Rashad Salama. The prisoner is with us.
Monitor Show 13:00 10-01-2023 13:00
"Interactive Brokers charges USD margin loan rates from 5 .83 % to 6 .83%. Rated the lowest margin fees by stockbrokers .com. Rates subject to change. Learn more at ibkr .com slash compare. And most of his career? This is Masters in Business on Bloomberg Radio. I'm Barry Ritholtz. Stay with us for today's top stories and global business headlines. They're coming up right now.
Monitor Show 19:00 09-30-2023 19:00
"Today, ophthalmologists can get countless hours to practice their surgical skills before operating on real patients, thanks to Fundamental VR and Orbis' Metaverse training platform. Learn more at meta .com slash metaverse impact. This is Masters in Business on Bloomberg Radio. I'm Barry Ritholtz. Stay with us for today's top stories and global business headlines. They're coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. A 45 -day stopgap funding bill to avoid the government shutdown tonight is now in the hands of the Senate. The measure was passed by the House 335 -291 earlier today. The question is on agreeing to the Speaker's approval of the journal. Those in favor say aye. Those opposed, naypenny of the chair, the ayes have it. The journal stands approved. The bill passed with overwhelming Democratic support while dozens of Republicans voted against it. House Speaker Kevin McCarthy pitched the measure as an opportunity to give the House and Senate more time to get around the obstacles and get good bills passed. A White House official indicated President Biden would support the bill, which includes disaster relief and FAA authorization. Former President Trump could be in New York City on Monday for his civil fraud trial. Trump's lawyers revealed his plans on Friday while discussing another case, a lawsuit against his former lawyer, Michael Cohen. Trump was set to undergo a deposition in that case in Florida on Tuesday, but his lawyers asked the court to postpone it so he can go to the New York trial, which opens Monday. Earlier this week, the judge overseeing the New York case ruled that Trump had been overvaluing his properties and was liable for fraud. The NFL is going international for the first time this season. Here's Dina Kodiak.
A highlight from A Dame Trade Deep Dive With Ben Thompson, Plus Seth Meyers and Million-Dollar Picks
"Coming up, Dame gets traded. Million dollar pick Seth Meyers, it's all next. It's the Bill Simmons Podcast presented by FanDuel. Get in on the football action right from the opening kickoff with America's number one sports book. The app is safe, secure, easy to use. FanDuel always has exclusive offers. When you win, you'll get paid instantly. FanDuel has lots of ways to play, like the spread, money line, over -unders, team totals, player props, so much more. Jump into the action at any time during the game with live betting. Combine multiple bets from the same game in a same game parlay. Download the FanDuel sports book app today. Make every moment more of this football season. The Ringer is committed to responsible gaming. Please visit TheRinger .com slash RG to learn more about the resources and help lines available and listen to the end of this episode for additional details. You must be 21 plus and present in select states. Gambling problem, call 1 -800 -GAMBLER or visit TheRinger .com slash RG. This episode is brought to you by Uber Eats. I just use this. Here's something every football fan should know. You can get everything you need for game day delivered with Uber Eats. Well, almost, almost anything because you can't get the dream flex for your fantasy team delivered with Uber Eats. But Tex -Mex, yeah, great pass protection, can't get it. Great pizza selection, oh yeah. While they can't help on the field, you can get pretty much everything else you need to watch the game delivered with Uber Eats. So this season, get anything, almost, almost anything for game day by ordering on the Uber Eats app. Uber Eats, official on -demand delivery partner of the NFL. Order now. I'll call in select markets and 21 plus to order. Product availability may vary by region. See app for details. We're also brought to you by The Ringer Podcast Network where I put up a new rewatchables on Monday night. We did the big chill. It was very, very exciting. I have Kyle Brandt coming on Monday's podcast. I'm just gonna tell you the movie now because it is gonna be the best moment of your weekend if you spent two hours watching this classic. We're doing Toy Soldiers. It really brings everything possible to the table. So if you wanna watch it ahead of time, there it is. That podcast is going up Monday night. If you wanna hear stuff about the debate, we have Tara Paul and Mary's podcast, Somebody's Gotta Win. That reacted to it as well as the press box with Brian Curtis and David Shoemaker. So there you go. Our debate coverage has been on point. Also, higher learning. Van and Rachel had Larry Elder on this weekend. It made a lot of noise, man. That podcast is great. I hope you check that out as well. Hope you're checking out theringer .com. And on this podcast, gonna talk about the dame trade at the top. We're gonna bring in Ben Thompson from the Techery newsletter, which he's been on this podcast I think four weeks ago. And he's a huge Bucks fan. He's gonna give the Bucks fan side of things. We're gonna do million dollar picks. And then old friend Seth Meyers talking about a whole bunch of stuff. So really good podcast. It's all next. First, our friends from Pro Jam. What's up? All right, I'm taping this on Thursday afternoon. Normally when there's a big MBA trade, I always do the emergency trade reaction right after the podcast. But we just put up a podcast on Tuesday. So I decided to play it a little differently this time. I wanted a little distance, I wanted to listen to stuff, read stuff, and try to form some big picture opinions coming out of this. So I have four smaller ones, then one big one. First one, I thought Portland did an incredible job with this trade. I really liked this trade, especially everyone was trying to bully them in June and July about, oh, you got to take Miami's offer. You just got to. It's where he wants to go. It's the only offer you're going to get. And guess what? They waited. They played it perfectly. They stared Miami down, and they got a much better deal. First of all, they get the Drew Holiday piece that they can flip into a bunch out of their stuff, which we'll talk about in one second. I love the DeAndre Ayton gamble. As you know, on this podcast, I am a big DeAndre Ayton guy. Not in the sense of I'm the biggest fan of his in the world, but I'm a fan of the asset. I just think I love the valued assets, no matter what it is. Whatever market we're talking about, DeAndre Ayton, 18 and 10 for his career, 60 % field goals percentage, 25 years old. He's played in 45 playoff games. He played four rounds in the 2021 finals. Last year, he got his ass kicked by Jokic. Oh, sorry. Like, that never happens. And Phoenix just sold on him, which I can't wait to talk about. But just from a Portland standpoint, they not only get Ayton in whatever they get for holiday, they get the 29 first, they get the two swaps, and they dump Nurkic. Nurkic hasn't had a healthy start to finish all the way through the playoffs here since 2018, which I'm positive was a long time ago. He's basically 12 and 8. He's, you know, a 50 % shooter. I made a list of the top 30 centers. I encourage you to do this at home, because what's more fun than making lists of NBA centers? I can't imagine anything. I made a list of who I thought were the best assets of the center position for talent, contract, everything. He was 29th on my list. The only person I had ahead of him who's technically a starter, unless you start talking about the Detroit or Charlotte guys, was Zubats on the Clippers. I thought he was the 29th best center asset in the league. And Phoenix, you know, just quickly to go to them, they're trying to win this year. They got worse. They turned Ayton's money into Nurkic and Grayson Allen and Nasir Little. Grayson Allen, we already know with him, he can't play in playoff series. We saw him 22. We saw it last year. I heard and read in some places like that, I got two rotation players. Did they? Is Nurkic a playoff rotation player? Is Grayson Allen a playoff rotation player? Because I'm positive he's not. So for the same money that they were spending on Ayton, they got three guys that I don't think are going to help them. In 25, the money comes down a little bit to 23 million just for Nurkic and Little, which is 7 million less than Ayton. And then in 26, that money goes up to 25 .5. But I don't understand what Phoenix was doing. Why not wait to see if Ayton clicks with Vogel? Vogel has such a good history with centers. He rejuvenated Dwight Howard on the 2020 Lakers. He basically created Roy Hibbert's career in 2013 with the defense verticality thing. I thought he was going to do a good job with Ayton. I'm stunned that they gave up on him. I'm almost waiting for one of those, now they tell us stories when, you know, that's where Brian Curtis calls them, where like a week after something happens, there's this kind of notebook dump where it's like, here's seven terrible DeAndre Ayton stories. So maybe that'll happen. But for Phoenix just to be like, cool, we locked this down, man. We got Nurkic. You're trying to win the title. You have KD and Booker and Beal. And like, what are you guys doing? Anyway, from Portland's standpoint, I love the Ayton thing. I love that they didn't get bullied. And I know they're going to turn Drew Holliday into something. So this to me was at least an A minus for them, for where they were two months ago, where Dave's like, I want to go to Miami. That's it. And if you don't trade me there, that's kind of fucked up. And they made this work as it got reported that, uh, I think in the athletic, that he expanded his list to Brooklyn and to Milwaukee in the last two weeks. And that's what Portland was waiting on. You know, they were banking on the fact that he's a competitive dude. He's one of the best 75 pairs ever. He wanted a situation settled. So, you know, you wait, you wait, you wait, they expand the list and then you go. Uh, there's a Drew Holliday piece to this. That's awesome. He becomes a contender prize. I wouldn't call this a Drew Holliday sweepstakes. I reserved sweepstakes for the superstars, but it's a mini sweepstakes. This is somebody that could have a huge impact on the playoff race. You know, not only the usual suspects, everybody's talking about Boston, ironically, Miami is a really good fit for him. And in some ways, um, I'm a little more scared of them with Miami than Dame in some ways, especially at a much cheaper contract with giving up less and keeping some of their assets. Philly, if they could pull it off, they have to be in there in Golden State, Minnesota. I think I have to mention Sacramento, I think is a team that if they could figure out how to get Drew without giving up their core, which is basically Keegan Murray and Sabonis and Fox, like that's, you know, could Davion Mitchell be in that trade with some, with a salary and some picks, who knows. The team that I love for Drew Holliday is OKC. I have OKC, you know, I started doing my MBA research for the over -under spot and I haven't landed on a number for them yet, but to me, they feel like a high forties team with Chet and with the growth of their young guys. And if you just like, let's say they traded Lou Dort and a bunch of their picks, maybe two firsts and two of their lesser picks or three firsts and a second, whatever it is. And they just say, fuck it. And they get Drew and you put him with Giddy and SGA and Jalen fucking awesome Williams and Chet Holmgren and all these other dudes they have, that might be a top three team in the West. I mean, that, that's starting to give me some early 2010s OKC vibes. So where he goes is going to be important. I just feel like there was so much Drew Holliday slander the last couple of days. You know, he's one of my favorite players. Even Haralabob, who was the chairman of the board of the Drew Holliday fan club for years and would have the benefit dinners there and, you know, just did a lot of yeoman's work on that front. And even he was like, yeah, yeah, Dame's better than Drew. That trade makes sense for Milwaukee. I was hurt, Haralabob. I was 100 % hurt by that. But you know, Drew got his ass kicked by Jimmy Butler in the playoffs last year. I get it. It happens. Jimmy was unbelievable. I feel like he would have kicked anybody's ass. By the way, why is Drew Holliday guarding Jimmy Butler? That speaks more to some of the issues with Milwaukee. He was never supposed to be a point guard and a creator. I think he was always better as an off -the -ball guy. We saw that with Rondo and New Orleans and just in general. I want to see him with a point guard. I want to see him just being unleashed, not having the ball a lot, just worrying about hitting threes, being an occasional, you know, make -shit -happen guy and being like the third or fourth best guy on a team without having the offensive responsibility to have. All their half court issues got blamed on him for the last couple of years. And I get it. They weren't like an awesome half -court team, even the other one in the finals, but I really value that dude. I had him, even I did the trade value list in August and I had him 37th and I had Dame 23rd. I think he's one of the best 30 players in the league still. He's 33 years old, which, you know, I'm going to talk in a second about when guards hit their mid -30s, but just in general, I think he's a real asset. If he goes to a team like the Celtics and they can keep Derek White and Tatum and Brown in the center, it's like, look out, man. So little mini sweepstakes, rarely do we get the trade, but then we still get another asset to talk about. Thank you for everyone involved in the trade. And then the fourth small point is just that, you know, not rocket science, Milwaukee bought some Giannis time here. They have one of the best 20 players of all time. They were staring down the barrel of a situation that was not good. I was talking about it on this podcast in late June and early July. I thought he was going to put them on the clock. I thought Mark Lasry selling his stake was a really bad sign for all of this because that dude is smart. As I laid out in June, that guy is really smart. And if he's feeling like, you know what, it's time for me to sell my buck stock, that makes me nervous. And then all the stuff that Giannis said and did, which I thought he did really fairly and really smartly. And I think that dude's about titles and that's it. And I know we say that about players, but I think in his case, I don't think he cares about, you know, what's my legacy, how do I compare against Dirk DeWhisky, any of that stuff. I just think he wants more rings. I mean, think about the guys who have won two rings out of the best 35 guys on my list of my pyramid. Those are all guys in my top 35 that won multiple wings. You go to the one -ring side, Jerry West, Oscar, Moses, Dirk, Jokic, Giannis, Pettit, Garnett, Kawhi, Rick Barry. That's the list he's on now. I certainly don't think he's looking at that list going, I got to get away from these guys, but it's a slightly different list. I think when you win multiple rings in multiple situations, it elevates you in a certain way. I think he fundamentally understands that at least a little bit. I want to be the best player since LeBron James. I think that's a thing that he wants. How am I going to do that? I need more rings. I need more finals trips. He knew from last year and maybe even the Boston series that they just weren't good enough. Whether this trade is going to be the thing that propels them, we'll find out, but he's been in the league 10 years, two MVPs, five first teams, two second teams, and now we have this little two -year window. Kawhi and the Raptors was a one -year window. This is a two -year window, I feel like. With Giannis, he's got two years left in his deals. So does Lopez. Middleton has two in a player option. Dame's got two, and then this crazy $120 million player option extension thingy that he has that just keeps going and going. It's probably two years. There's a world where this could go terribly this season, at least for what the expectations are, and then maybe it becomes Kawhi, Raptors. Maybe Giannis is like, you know what? That didn't work. Trade me. And the Bucks, who have no picks left and no future, they look at it next summer, and they go, all right. We tried it. Giannis, what can we get for you? Dame, what can we get? And they just do a reboot, rehaul. Remember, they won in 2021, which just takes so much pressure out of this. It's so much different than the Clippers situation, where they went all in on Kawhi and Paul George. They give up all those picks and SGA, and they've gotten nothing out of it. They haven't even made the finals. So it's got to happen. I think they at least probably have to make the finals. If they get bounced in round two, do I think Giannis is going to stay because they made this Dame -Mower trade? Probably not. So that leads to the big question, is how good of a trade was this? So there's a big picture angle on Dame, and it's going to sound negative, but I really don't want it to sound negative because I think Dame, I voted for him for NBA Top 75. I think he's been one of the best guards in the last 15 years. I think there's a ton of great things you can say, and there's a chance that he goes to Milwaukee, and this thing is fucking awesome. I know any Celtic fan I've talked to, including Isaiah, who's helping produce this podcast today, the Giannis -Dame pick and roll is just terrifying. Other than Jokic and Murray, it's going to be the single most unstoppable offensive play in the league. It is. We are conceding that point. The spot Dame is in right now, big picture -wise, it's weird. He's a superstar, but he's not, and we've seen guys like this before. I judge superstars by, do you have the resume statistically, and is your team succeeding consistently at a certain level? You can't totally say that about Dame. He's never been on a 55 -win team. He's missed the playoffs completely four times in 11 years. He said three first -round exits. He made the Final Four once in 2019, which was really lucky because Golden State and Houston were the two best teams, and then they got smoked. He's never been on a true contender ever. Instinctively, you go, well, that's not his fault. Who's he played with? Well, he played with LaMarcus Aldridge and CJ McCollum and a couple other guys, but not really anybody. The reason I'm putting this up is there's a success element that he has not had yet that for somebody with his resume is actually kind of unusual. I went and I looked up how many guards in the history of the league averaged 22 points a game for their career and played at least 700 games. I thought the list would be like 20. I didn't know. I didn't know what I was walking into. Only I think 75 guys have averaged 22 a game. So I went and I looked up the list, and it was 10 guys, 700 games, 22 a game for their career. There were some guys who came close like David Thompson, who I think is one of the best guards I've seen in the last 45 years, but had a short career and had some drug issues. He didn't make it. He didn't play enough games. Pete Maravich, 24 .2 points a game, but he didn't play enough games. Kyrie hasn't played enough games yet. Bradley Beale is five games away. I'm actually kind of glad the cutoff's at 700 so we don't have to talk about him. And then Mitchell and Trey Young aren't there yet. There's only 10 guys that made it, and the 10 guys are all fucking awesome. And again, I mentioned this in the context of Dame, who we think he is versus the success he's had. So the 10 guys, Michael Jordan, 30 .1, Jerry West, 27 .1, Allen Averson, 26 .7, George Gervin, 26 .2, Oscar Robertson, 25 .7, Kobe, 25 .0, Harden, 24 .7, Curry, 24 .6, Wade, 22, barely made it, and Russ, 22 .4, and then Dame is at 25 again. All right, what does he not have that those other guys have? Well, MJ, don't need to talk about him. Don't need to talk about Jerry West, who's the freaking logo. Allen Averson, pretty good comparison, right? Big stats, really memorable player, but not a ton of success. Here's the difference. Averson made the finals once. He won an MVP. Dame has done neither of those things. George Gervin was the best scoring guard of the 70s. He made two final fours. He had some bad luck. He really, in 79, really should have came close. And some of it's on him, right? He could have come through. Bobby Dandridge is the one that ended up coming through for the Bullets. They lose. But two final fours, he had four top five MVP finishes, five first teams, four second teams. He was just unassailably the best guard in the league until MJ. Oscar Robertson, don't need to go through him, but he won a ring and an MVP. Kobe, five rings and an MVP. Eleven first teams for Kobe, by the way. James Harden, three final fours, an MVP, six top five MVP finishes, six first team MBAs. And even though Harden has never made the finals as the best guy, he made it with OKC as the sixth man, you could build a contender around Harden. We saw it. We haven't really seen it with Dame. I think that's a fair thing to bring up. Curry, four rings, two MVPs, you know, the Curry thing. Dwayne Wade, three rings, two top five MVPs, two first teams, three second teams. He's more in the Dame waters a little bit, but he had the 2006 finals and he was the second best guy with LeBron on those heat teams. And then Westbrook, who you would say, well, Dame had a better career than Westbrook. Did he? Westbrook made the finals in 2012. He was second best guy on that team. Almost made the finals in 2016. He won an MVP. He had two first teams and five second teams. It's at least like a real argument. And I think when you look at Dame, he only had that one 2019 round three, got bounced. He's only had one top five MVP finish. He's only had one first team MBA and four second team MBAs. Really, really good top 75 career. But the piece that's missing is, have you been on a really good team? Have you made a real run at it? Which is why, you know, I think this Milwaukee trade is so much fun. This is his real chance. I get nervous about a couple things with this trade. One is that, you know, if you look at the 33 and older guards who average 22 points a game in a season. Jordan did it twice. Curry did it twice. Still going. Kobe did it three times. Jerry West twice. Sam Jones once. Hal Greer once. That's the entire list. Now the NBA is different. We have more three -pointers now. It's easier to score. Scoring is the easiest it's ever been. Guys can play at a longer age. So I'm not ruling out Dane being good for the next three years. But just pointing out, history is saying, be a little nervous. In general with guards, like Chris Paul, we saw from age 35 to 36 to 37, like it just dropped. But that's two years older than Dane. Maybe it's fine. I just worry about guards. We have not a lot of instances with guards in their mid -30s of them either peaking as players or being able to sustain whatever success they had during their prime. It always starts to go down with really no exceptions, except for Steph Curry. He's the only non -exception. So if your case is Dane's as good as Steph Curry, or Dane can be as potent as Steph Curry on a winning team, like, you know, Steph Curry is better than Dane, but I'm not going to argue that he couldn't do a lot of the stuff that Curry did in Golden State. The bigger issue for me, the age I'm definitely worried about. Dane has not been healthy the last couple of years, and we have not seen him play nine straight months at playoff basketball with a big bullseye on his back. Everybody coming after you, you're the best team. We haven't seen him do that ever, much less than the last couple of seasons. So can he stay up? Can he stay healthy? That's one thing. The defense with Dane just got kind of swept under the rug the last couple days, and I don't really understand it because there's five categories of defensive player I feel like. There's excellent, there's good, there's average, there's not so good, and then there's bad. And I think Dane's a bad defender. I think the stats back it up. Like, his defensive rating last year was 245 out of the guards. He's the 245th guard for defensive rating. You know, 117 .4 individual defensive rating is 483 overall. Portland's team's always defensively, it was the Achilles heel for them. Partly because of Dane, because he couldn't guard anybody. He's too small. And, you know, think about what we saw from the playoffs the last couple years. I think about the 2020 bubble Celtics playoffs, not infrequently, because I think that team had a chance to potentially win a title. What happened? Everyone hunted Kemba Walker. It was hunting season. It's like, where is he? Got to get a switch. Got to get Kemba Walker guarding somebody who's bigger, or got to beat him off the dribble, and it just became a hunt session with him. And basically, he got played out of the league. He's not in the league anymore. You know, we had this with Isaiah Thomas, too, in the mid -2010s. I think it's been an issue with Kyrie Irving. The Celtics certainly went at him in the playoff series with Brooklyn a couple years ago. Curry, you saw, who I think is a better defender than people give him credit for, but the And he's a much better defender than Dame is. Jordan Poole is somebody that got hunted in playoff series recently. Chris Paul, obviously, is a big one. Jalen Brunson, remember what the Heat did to him? Mitchell, when he was on Utah, this was a huge issue. And then Trae Young, obviously. My fear with Dame is he's a DH, and I think in Portland, part of the reasons he was able to put up the stats he did was because he wasn't playing defense, right? It was just, how many points can I score? My team isn't very good, and I'm just going to do my thing. He's an incredible offensive player. But how much of a trade -off is the defense, right? Well, you think, all right, well, Milwaukee, they're really good defensively. They'll be able to protect him. Here's the team. Giannis, Dame, Lopez, Portis, Middleton, Conaton, Beauchamp, Crowder. Who's guarding Trae Young on this team? Who's guarding Jason Tatum? Here's a partial list of guys that I don't think this team will be able to guard this season. Devin Booker, Tatum, Butler, Trae Young, Kyrie, Curry. Who's going to be chasing Curry around the screens? Dame lowered? Good luck. SGA, Luca, Mitchell, Murray, Edwards, Brunson, Ja, Garland, Fox, Halburn. Are they going to be able to cover Derek White? I don't know. The way this team is constructed, they are not going to have the ability to guard other guards at all, which means they're just going to have to be in a shooting match with them, right? It's going to be not much different than what's going to happen with Phoenix, where they're just literally going to have to outscore the other team. I've just watched too much playoff basketball over the last couple years, where it's like, if you have that weak link on defense, and you're playing a team that's smart enough, they're going to go after that weak link. Like, think about them against the Lakers, right? The Lakers figure their crunch time. Let's say they make the finals. It's Milwaukee and the Lakers, and Lakers crunch time. They're going to have LeBron and Davis and Austin Reeves and, I don't know, a shooter and a point guard, whatever. All they're going to be doing is trying to find where Dame is on the court and going after him. What about when they play Boston? Boston puts out White and Brogdon and Tatum and Brown and a center, and all they're going to be doing is trying to make sure Dame is covering somebody who has the ball who's now torturing him. I think it's a real problem for them. And what's funny is they gave up Drew's defense and, you know, they, what they gave up on defense, which is significant, and they gained an offense, it might end up just being a wash and they might just be a different version of the same team where they still have a huge flaw. It's just on the other end of the court. I'm just shocked that nobody brought up the defense. I agree he's an amazing offensive player and what's cool about this trade and what I'm excited about as a basketball fan is, can he go up a level? Right? A lot of these stats he put up, especially the last couple years. They didn't mean anything. They were, he was on bad teams. Like, who cares? Ultimately, Bradley Beal scored 30 points a game on the Wizards. Who cares? I think most really good offensive players, if they're on a bad team, can get between 25 and 30 a night. Can you do it nine months in a row? Can you do it when you're getting hunted on defense all over the place? How much can Milwaukee protect him? And what does he have in the tank at age 33 with 900 plus games on the O 'Dominor already? I'm still afraid of the Bucks, but people have, like, FanDuel had them as best odds in basketball and I think most people feel like they're the favorite now. I don't feel like there's a favorite. I think you can go through every team. Boston, I could, I'm scared of Porzingis. What's going to happen with Jalen Brown out there? He has contracts. Can Peyton Pritchard, all these different things. Philly, God only knows. Miami, they're unquestionably worse. Yeah, Milwaukee is going to be really good, but depending where Holiday lands and how this all plays out, I just think it's still wide open. And the other piece, so if you're just talking Boston, Miami, Tatum kills Milwaukee. I have no idea why. Boston is kind of built to at least stay with Dame and, you know, Derek White is about as good of a person you're going to have to try to keep Dame in check, at least. And Boston's done a really good job of guarding Giannis over the years. They don't have Grant Williams this year, but I just don't think, I think there's as many ways this goes wrong as it goes right, I guess would be my final thought on this because for what they gave up, especially with that 29 unprotected and the two swaps and, you know, they are all in on this team. And you know my theory, when you go all in on a team, you better think you can win. Not positive, but it's an awesome trade. It really is. It makes the league so much more fun. Dame and Giannis together. I'm going to enjoy watching Portland. I still have my eating stock. Watching Phoenix fans slowly realize that Derkiszna isn't the answer is going to be fun and then we'll see where Drew Holliday goes. So really fun trade. We're going to talk about it a little bit more with Die Hard Bucks fan, Ben Thompson in one second. Let's take a break.
A highlight from Self-Custody, CoinJoins, and Q&A with Craig Raw, Sparrow Wallet - September 27th, 2023
"Hello, and welcome to the Cafe Bitcoin Podcast brought to you by Swan Bitcoin, the best way to buy and learn about Bitcoin. I'm your host, Alex Danson, and we're excited to announce that we're bringing the Cafe Bitcoin Conversations Twitter Spaces to you on this show, the Cafe Bitcoin Podcast, Monday through Friday every week. Join us as we speak to guests like Michael Saylor, Len Alden, Corey Clifston, Greg Foss, Tomer Strohle, and many others in the Bitcoin space. Also, be sure to hit that subscribe button. Make sure you get notifications when we launch a new episode. You can join us live on Twitter Spaces Monday through Friday, starting at 7 a .m. Pacific and 10 a .m. Eastern every morning to become part of the conversation yourself. Thanks again. We look forward to bringing you the best Bitcoin content daily here on the Cafe Bitcoin Podcast. All right. All right. Let's go. I don't know about you guys, but I'm getting fired up. Bitcoin is next week. Dude, I am so excited. I'm I'm visiting three Bitcoiners on the way down. Super excited. It's going to be a hell of a lot of fun. Yeah, man. All right. Good morning and welcome, Dom Bay, Mickey. I assume that's Jordan on the Bitcoin Veterans handle, Terrence, Peter, Shane Hazel on the audience, throwing you an invite. Right. OK, quick little update. So next week, next week, we are not doing Cafe Bitcoin on Monday and Tuesdays. Swan team is traveling on Monday. Tuesday, we're going to be having like an offsite. So not going to be around Wednesday. We are resuming our regular schedule. Broadcasting from the hotel Thursday. Broadcasting live from the Swan dome Thursday morning and Friday morning. So on Thursday, we've got our crew plus BTC sessions. Ben Perrin on Friday. We are going to have Tip Enzi and Tomer Strohlight. We'll do it live. Do it live. I can write it and we'll do it live. Yeah, finally, dude, that's what I'm talking about. That's preparation. Asking Tip Enzi if she wants to perform Cantillionaire's game live. I don't know if that's going to happen, but we're going to ask her. If she does that, I will need padded area around me because that that would be insane. That's that's a tough song to do live, though, for sure. Oh, shit. Yeah. Right. You need to do some Wim Hof breathing exercises before spitting that that verse. Dude, I mean, she told me that like she's not really a rapper, right? She did a lot of editing to make the songs come out the way she wants. Good morning, Shane. How are you doing? Good morning, brother. I am working away here in the background, just enjoying a nice respite from the heat down here in North Georgia, man. It's pretty nice, but I'm getting pretty excited for PV next week. And I have a lot of people. I'm actually hosting a panel out there and looking forward to it. Yeah, that's right. That's the other thing. We're going to be doing a Bitcoin Veterans panel live at the Swan Dome. I think that's going to be on Friday. So that'll be cool. That's going to be myself, Shane Hazel. It will be Gabe Lord, Mickey Koss and Jordan Ganrel. The Swan Dome has some firepower this year. I'm not going to lie. Yeah, man. I don't know. I think this is the test run. They're not sure if they want to let Bitcoin Veterans on the main stage yet. They're testing, they're seeing, they're like, what are these crazy fuckers going to do? Like, let's see what's up. Yeah, let me just apologize in advance for screwing up our chances at that. Let me go ahead and apologize for Jordan in advance, too, because, I mean, I think if we don't burn it down, it's a huge success. We all are apologizing to Jordan and for Jordan in advance and considering getting an extra insurance rider for this particular event. OK, what time are you all going up to five? No, no. So Bitcoin Veterans is going to we're doing Cafe Bitcoin 9 a .m. Sharp Eastern and then there will be a short intro and then we're going right into Bitcoin Veterans starting at 10 a .m. on Friday in the Swan Dome. God, I was only asking because if you were going after myself in blue collar, it would for sure be already burned down. So it's checking. Any update on the flamethrower? Having a little trouble in the marshal's office. They don't seem to think that 30 to 40 foot flame lengths that I can handle that. So it's it's a back and forth. It's unlikely, but, you know, never say never. All right, we'll hold out hope. Let's get rolling into the show today. You are listening to Cafe Bitcoin. This is episode 443. Shout outs to our supporters on Fountain and Noster Nests. Our mission for this show is to provide the signal in a sea of noise. Teach the other seven billion people on this planet why there's hope because of this bright orange future that we call Bitcoin. Today, we are discussing Bitcoin news, covering some lizard alerts and talking about what's going on in the real estate markets as well. Later today, we have Craig Raw, the founder of Sparrow, looking forward to that. We're going to we're going to dig in. Last time we had Craig here, we did kind of a lot of background stuff like what is Sparrow all that. Today, we're going to get a little deeper into the weeds. We're going to go straight into the technical stuff. So if you want to know about Sparrow, have questions, whatever. We're going to go straight into that. Right. What's the most interesting breaking news? There's a congressman beating up Gary Gensler now to get those ETFs approved. And then at the same time, the SEC just delayed like three ETFs, I think, even though they're not even, you know, like a month from the deadline. And so they're starting to kick the can earlier, I guess. So it's sort of a strange situation. Maybe they're trying to line up all the timelines or something. Good morning, on the four elected officials in their open letter asking, demanding Gensler approve the Bitcoin ETF. They mentioned Fidelity, BlackRock and Grayscale, thanks to probably the lobbying by Barry Silbert and his compadres. Grayscale doesn't belong in that group. It just doesn't because BlackRock and Fidelity together manage about 13 trillion freaking dollars. Grayscale is a pimp. It's a fly on the windshield. It's very small. And Barry has a lot of problems with his ethics and genesis, GBTC kind of co -mingling funds or whatever they were doing. I understand that a lot of people who have GBTC, I have GBTC, want the conversion to happen sooner. But they're just not in the same class, ethically and just practically. That's like saying a corner grocery store belongs with Walmart. Well, all right then. So Franklin Templeton just filed a 19B -4 for its spot Bitcoin ETF application, which is officially starting the clock with the SEC. Franklin Templeton manages another one and a half trillion dollars. So the big boys are looking like the big boys are wading into the game. Yeah, the big four are besides Franklin Templeton, which is about one and a half trillion. The last one is Invesco, which is also about one and a half trillion. And those are all much bigger than the biggest of the also RANs or the smaller spot BTC applicants like ARK. And Valkyrie and so forth, they're much, much smaller, maybe tens of billions or less. Hey, Terrence, for a liquor store, doesn't Grayscale have a lot of Bitcoin in custody? They do. It's going to be pretty minor compared to the rush of cash that should flood in. Assuming like, you know, the DOJ stuff with Binance and stuff is looks like it's there's more certainty around that. They're trying to they're talking about maybe having a plea deal with CZ and Binance. So if that gets resolved, then yeah, you have a pretty big green light. I will say like one thing with the gold ETFs when those took off and gold prices shot up. That will also correlated with massive problems in the fiscal and monetary policy. And we definitely have that on the fiscal side. I would say on the monetary side rates are, you know, higher than you'd like for liquidity, money supplies going down. But on the fiscal side, with a ridiculous spending debt and deficits, that sets up a big that's a great setup for a big flood of cash to come in. As long as one of the big four launches a big Bitcoin ETF. Hey, Alex, not to not to revisit an old horse, I know that's a butchering of the phrase, but, you know, I know yesterday we were talking about institutional. And for those listening again, like, you know, the ETF comes up a lot again because it is a vehicle for institutional funds to hold commodities. I know you guys were talking about it yesterday, but like other commodities, as far as I know, funds like pension funds, any commodities they hold, none of it is physical. All of it is futures or ETF indexes. And a lot of that has to do with being able to liquidate, move things around, balance the fund, etc. All right, well, you would you mind explaining that a little more in depth for people who don't get that? Because so many I've run into many people who don't understand that they're like, why don't pension funds just buy the underlying asset? Why don't they buy the Bitcoin directly? Why don't they buy gold directly? Why don't they buy corn directly? Why don't they buy oil directly? What's the problem with that? Yeah, so one of the things with pension funds is there's a lot going on.
A highlight from How To Earn Free Cardano!
"If you want to stake your crypto without having to risk leaving your coins on an exchange, without having to lose custody of your coins, well, staking on Cardano has never been easier, and we're going to go through some options. Let's go ahead and discover crypto. Alright, well, first, why would you not want to keep your crypto on an exchange? Okay, within the fine print of these exchanges, if something were to go insolvent, if something were to happen, if there's sort of a bankruptcy issue, those coins are probably going to be lost forever, or at least you're going to lose a portion of them forever. And if you do get anything back, it's going to be legal proceedings, and it's going to take you years. So the phrase, not your keys, not your cheese, or not your keys, not your crypto, has never been more important. And Cardano has some novel solutions that kind of can get around this. Personally, I'm actually no stranger to this. I've lost, essentially, 2 ETH to Celsius. I don't know when I'll get it back. I don't know what I'll get back. And I guarantee, it'll probably be a fraction of what I originally lent. And you know what? At this point, just give me 50%, just give me 75 % of my ETH back, and I would be happy. And this kind of leads you to the question, what is the point of staking rewards if you're just going to end up losing your crypto? I was trying to get I think around 10 % for my ETH, maybe lost forever. What can Cardano do? Cardano actually has tons of options. You could stake on hardware wallets like a Treasure or a Ledger. You can also self -custody on web wallets like Exodus, or you could use a Cardano -based wallet like Yori, or I'm going to go over NAMI today. NAMI was founded by the same person that founded Facebuds. Facebuds was the first 10K PFP on Cardano. This guy has been building for years and years and years. I've been a big fan of his wallet. Today, we're going to be using Chrome. And, folks, you got to be very careful with Chrome extensions. So we're going to use the link from NAMI's actual wallet. I got the NAMI link from Barry's link. Barry apparently named NAMI after NAMI from One Piece. I don't know. That's for the anime fans out there. I'm not so much a fan of that, but I know this is Barry. I've been following this for years and years and years. So I'm going to use the link for the NAMI wallet here. And I'm going to use the link in the NAMI Wallet X account. That takes me to namiwallet .io. And then I feel comfortable going to the Chrome store. I typed it in into the Chrome store. There is only one. There doesn't seem to be any counterfeit apps. Guys, you always got to be careful. There could always be a fake, a phishing site. You just got to be very, very careful. Double -check your URLs. I'll lead you to the NAMI Web Store extension here. I've already have it downloaded. It looks over 200 ,000 users, about 169 rankings. So if you were to Google it and you pull it up, it only has 1 ,000 users. You know it's not the real one. So let's go ahead and go over NAMI now. After you download it, you can either create a new wallet, in which it'll give you your seed phrase, be very careful when you write it down, and then be very careful when you're storing this. Or you can go ahead and upload one of your own wallets. I already have a wallet on here. And we are already staking the Berry pool right here. You can also use this Cardano wallet to hook up to a DeFi application like a menswap. And if we go ahead and click here where it says Berry, now Berry is the staking pool. This is what I have an available reward. So I am staking my Cardano. I haven't claimed it for months. So my 562 has earned me 10 .7 Cardano. But say I want to restake the 10, I would go ahead and withdraw. So we're going to do that now. Okay, you can see the 10 .7 has hit. I now have 573 from 562. And now that is automatically going to be restaked. And then now my next reward should be slightly higher from 560 to 570. You know, maybe I get an extra, you know, 120th of a Cardano now. And the way staking rewards works, it's a little bit like a lottery system. There's a lot of different Cardano staking pool operators, all those SPOs. These SPOs all have a, you know, a random chance to be assigned some staking rewards. You might get lucky and get your staking rewards up to 6 % for an epoch. An epoch is what the Cardano uses for its basis of time for the issuing rewards. So you might get lucky, get 56 % for that epoch, or you might get unlucky, only get 1%. If you have 100 Cardano at the end of the year, expect about 3 .3 extra Cardano after 12 months. If you ever want to change who you're staking to, you can see right here, it says Barry, we're going to switch it to someone in -house. That's right. We have BJ. BJ stakes as well. He has the NES pool. We're going to go ahead and unstake here. And you'll see that I'll give you plenty of warnings here. You'll no longer receive rewards. Rewards from the two previous epoch will be lost. Full balance will be withdrawn. And then the two ADA deposit will be refunded. You have to re -register and wait 20 days to receive rewards again, okay? So I'm going to go ahead. I'm going to lose out on a month's worth of rewards basically for you so we can walk through this process. Alright, let's go ahead and confirm here. So about 30 seconds later, the delegate button is now blank, and we're going to re -delegate to a new staking pool operator. So the NAMI wallet is automatically just going to put you to the Barry pool. So we need to go to pool .pm here. So when you go to pool .pm, you'll see the little NAMI button on the top right. We're going to go ahead and click that and just go ahead and leave us. We're going to give access to pool .pm. Pool .pm is give it as the Etherscan equivalent kind of of Cardano. And now you can see it is unstaked. And so let's find ourselves a new pool operator. Back to the main page by clicking the pool .pm tab here. And then you'll see on the right, it says staking. Go ahead and click on staking. And then you're going to hit search after hitting the staking tab here. And then after that, you will see the pools right there, folks. Me, I'm looking for BJ's NES pool. Type in NES. It looks like he has the only one. Now, if there were two, I'd have to talk to him and, you know, then, hey, make sure we have the right one. See how much aid is delegated. Then we would compare the numbers. He would say, oh yeah, I have 7 .9 million ADA delegated. And then one of them would have 7 .9 million. And the other one would have like 47 ADA. So after you type in NES, go ahead and click join right here. Sign your wallet transaction. And then you just got to wait for confirmation. Now we're going to have to wait a couple epochs before we start getting rewards. BJ doesn't even know I'm doing this, so I'll surprise him in person. I'm sure he'll have a good kick out of this. He's currently in Magic Las Vegas. So you'll just wait for confirmation. It might take a while. And after that, you'll start earning rewards. It is that simple. I'm not losing custody of my Cardano. My other Cardano is still in the other stake pool. So I don't have to worry about, you know, any kind of centralization or, you know, if one entity goes down, I'm not feeling bad about it. If they don't do the right thing with their software and all of a sudden, hey, I'm not getting any rewards. No one's getting any rewards. They're like, oh, I didn't do the update. You don't have to worry about that. I feel very, very comfortable in the Berry pool. If anyone is doing the updates, it is Berry Alessandro. That's all you got to do to stake your Cardano. You don't got to worry about Celsius going under. You don't got to worry about a Terra Luna style collapse. You don't got to worry about Sam Bankman stealing your Cardano and running off to the polycule. Hope you learned something as we discover some crypto today. Let me know where you stake in your Cardano. That's all you got to do to stake your Cardano. See, let's get a low mileage lease on the twenty twenty three Jeep Grand Cherokee four by four nineteen a month for twenty seven months with five thousand five ninety nine to assign tax title license extra. No security deposit required. Call one eight eight eight nine two five. Jeep for details requires dealer contribution and lease through Chrysler Capital. Extra charge for miles over twenty two thousand five hundred includes seven thousand five hundred EV cap cost reduction. Not all customers will qualify. Residency restrictions apply. Take delivery by ten to Jeep is a registered trademark. Bed Bath and Beyond is back with more to choose from than ever before. At the new Bed Bath and Beyond, you'll find all the products and brands you love, along with a huge new selection of furniture, decor and everything else you need to create the home of your dreams all in one amazing online store. Download our new app and save even more with exclusive deals and offers. Plus, get free shipping right to your front door. Welcome to a bigger, better beyond.
Monitor Show 13:00 09-24-2023 13:00
"Interactive Brokers charges USD margin loan rates from 5 .83 % to 6 .83%. Rated the lowest margin fees by stockbrokers .com. Rates subject to change. Learn more at ibkr .com slash compare. Management, this is Masters in Business on Bloomberg Radio. I'm Barry Ritholtz. Stay with us. Today's top stories and global business headlines are coming up right now.
Monitor Show 00:00 09-24-2023 00:00
"Interactive Brokers charges USD margin loan rates from 5 .83 % to 6 .83%. Rated the lowest margin fees by stockbrokers .com. Rates subject to change. Learn more at ibkr .com slash compare. Management, this is Masters in Business on Bloomberg Radio. I'm Barry Ritholtz. Stay with us. Today's top stories and global business headlines are coming up right now.
Monitor Show 19:00 09-23-2023 19:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. ...capital management. This is Masters in Business on Bloomberg Radio. I'm Barry Ritholtz. Stay with us. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Republican leaders are working through the weekend in hopes of avoiding a government shutdown. House Speaker Kevin McCarthy told reporters today that he's optimistic some sort of a deal will be worked out ahead of the September 30th deadline. The California Republican called it crunch time. McCarthy added that he's willing to accept a stopgap funding bill to keep the government running to allow the House more time to finish the appropriations bills. President Biden is joining the United Auto Workers picket line. Brian Shook reports. Biden tweeted that he was going to Michigan Tuesday to stand in solidarity with the workers as the fight for a fair share of the value they helped create. This comes after UAW President Sean Fain announced earlier this week he would send more workers to the picket lines if substantial progress wasn't made with the big three automakers on a new contract. Union workers say they want a 40 % pay increase, cost of living adjustments, and pensions for all workers. I'm Brian Shook. NFL fans who took part in Thursday night's fight at Levi's Stadium could face a lifetime ban. Video of the violence during the 49ers Giants game showed numerous fans in an all -out brawl in the stands with a man grabbing a woman by the hair and throwing her towards a railing. Police say one person was arrested.
A highlight from Anti-CBDC Bills Advance in Congress
"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 Monday, September 18th, and today we are talking about anti -CBDC legislation being advanced. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or, if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Hello, friends. Happy Monday. Welcome to another week, another frankly weirdly quiet week right now. I don't know. There's something out there. There's some bad juju. I guess it could just be another example of this weird period of the cycle that we're in that's sort of past the worst, but definitely before the good stuff starts again, but I'm excited. But we are not going to dwell on that. Instead, we are going to hop, skip, and jump through a number of things that have happened over the last few days, kicking it off with what has become a surprising political issue this election cycle, which is central bank digital currencies. The House Financial Services Committee will hold a markup section on Wednesday, which will include two bills aimed at preventing the issuance of a US CBDC. The first bill is Tom Emmer's CBDC Anti -Surveillance State Act, which would prevent the Federal Reserve from offering any products or services directly to individuals. Fed branches would also be prohibited from keeping accounts for individuals or issuing a CBDC or similar digital assets. Emmer's bill was recently reintroduced during last week's CBDC hearing and now boasts 49 co -sponsors. On September 14th, the House Majority Whip tweeted, A governmental tool for financial surveillance is un -American. We must urgently develop a digital financial system that is 1. Open and freely accessible to all. 2. Without requiring permission from the government or anybody else. 3. Private safeguarding the user's identity. In a separate tweet, he had said, If not open, permissionless, and private, like cash, a CBDC is nothing more than a CCP -style surveillance tool that can be weaponized to oppress the American way of life. The second bill is sponsored by Alex Mooney and is called the Digital Dollar Pilot Prevention Act. That bill is structured as an amendment of the Federal Reserve Act of 1913 that would prevent Federal Reserve branches from even conducting CBDC testing and development. Now, of course, senior Fed officials have gone on the record to say they have no plans to issue a CBDC without the approval of Congress. In May, Minneapolis Fed President Neil Kashkari even questioned the need for a CBDC given the existence of instant payment fintech services. He noted that CBDCs would be a powerful financial surveillance tool and could enforce negative interest rates, but questioned why the U .S. government would have any interest in constructing such a system. Now, all that said, some Fed branches still do seem to be interested in the development of CBDC technology. The San Francisco Fed, for example, recently advertised a position for a crypto -architect for a CBDC project, and Project Hamilton was concluded and wound down in December after two years of collaboration between the Boston Fed and MIT. Now, in terms of where this legislation actually is, the markup process allows committee members to comment on the drafting of bills. A vote is then taken on whether or not to approve legislation for a full House vote. Both bills are only a few paragraphs long, so shouldn't drag out to an all -day, contested affair as we recently saw with the stablecoin bill. Instead, the bills could act as a bellwether for congressional sentiment around CBDCs. Multiple Republican presidential candidates have made opposition to a CBDC a part of their campaign. For example, Florida Governor Ron DeSantis said at a July event, If I am president, on day one we will nix central bank digital currency. Done. Dead. Not happening in this country. Outsider Democrat candidate Robert F. Kennedy has also been outspoken on the need to oppose the issuance of a CBDC. So given all that, if either of these bills progress to a vote in the House, they could be an opportunity to put members of Congress on record about their support for a CBDC coming into election season. Now, we could spend shows and shows and shows talking about why this seemingly small issue, at least to the rest of the world. Obviously, I'm not talking about for our audience and our community. But this issue, which is for all intents and purposes very small to most people, has become such a central piece of the opposition narrative heading into this election cycle. I think there are probably a few different elements of it. One, I think it feels to many like an extension of government power. And as we've seen and discussed, it is quite clear that how much power governments have is going to be a major issue. And of course, while that's coming from the Republican side of the House, it's also coming from Democrats. And this is perhaps not surprising. It's not surprising because we're still coming off the COVID period, which brought up major questions of how much authority the government has to be involved in people's lives. And so in many ways, this is an extension of that conversation. I think there is also a little bit of nervousness around technology in general. This is something that we've seen in crypto. It's certainly something that we see in AI as well. And while this is technology in the hands of the government, not technology in the hands of big tech companies, it still has that feeling of lots of data, lots of power, lots of information, big black holes, and not a clear way for citizens to exert influence when it comes to this important domain of their lives. Anyway, right now, there's no one who's really actively arguing for a CBDC, which could frankly be another reason why it's a nice political issue. It gets to stay a little bit, at least in the realm of metaphor for some of these larger topics, but it's still something that can be legislated upon with lower stakes than going after government power directly. Anyways, it's one we're going to keep an eye on to see just to what extent it continues to be an issue in elections or whether it's just part of this early narrative testing process at this very nascent point in the election cycle. Next up, we go halfway around the world to Hong Kong, where the Hong Kong Monetary Authority has issued a warning to crypto users that unregistered crypto firms could be presenting themselves as banks. The HKMA, which serves as the region's banking regulator, said that firms which use language associated with the banking industry could be in violation of recently implemented Hong Kong crypto regulations. The regulator said it had become aware of firms using terms including crypto bank and offering quote banking services. They even went so far as to call out firms that use the word deposits or promote their quote savings plans as low risk with high return. The HKMA said in a statement that quote, The regulator noted that these firms advertising themselves as crypto banks were not supervised by the HKMA and are not covered by the region's deposit protection scheme. Now, Hong Kong's crypto regulations coming into force in June was one of the big stories of this year. The rules were intended to permit retail crypto trading on regulated exchanges and they're being administered by the local securities agency rather than the banking regulator. Since then, only a small handful of firms have been granted licenses. This includes HashKey and OSL, who were licensed to provide retail trading exchanges, as well as Swiss -based crypto bank Ciba, which has received in principle approval to offer over -the -counter derivatives trading and asset management services. Now, enforcement of Hong Kong's crypto regulations has also begun in earnest. Last Wednesday, the securities regulator issued a warning against Dubai -based crypto exchange J -PEX. They alleged the firm had been promoting its products and services in Hong Kong without applying for a license. A press release from the securities regulator included allegations that J -PEX were advertising their services using the prohibited terms deposits, savings or earnings. They noted that many J -PEX products had quote, The regulator also accused influencers and local OTC desks of making false and misleading statements on social media that J -PEX had applied for licensing. Following the warning, J -PEX employees seemingly disappeared from their booth at the Token 2049 conference in Singapore, where they were a platinum sponsor. And on Sunday, the exchange ramped up withdrawal fees to $999 and also implemented $1 ,000 withdrawal limits, essentially being a withdrawal halt. Now, J -PEX addressed this on Sunday, blaming quote unfair treatment by relevant institutions in Hong Kong towards J -PEX. They said that quote, J -PEX said they were currently negotiating with these market makers to resolve liquidity issues. The exchange promised to quote, They claim that emergency withdrawals are still being dealt with manually and also announced that trading on their earned trading platform would be halted on Monday. Now, adding something to the story, on Monday, the South China Morning Post reported that local police had received at least 83 complaints about J -PEX involving assets worth around $4 .3 million. They say the securities regulator had escalated investigations to the Commercial Crime Bureau on suspicions of fraud. Follow -up reporting said that lawyer turned crypto influencer Joseph Lamb -Chalk had been arrested on Monday in connection to promotion of the exchange. Sources also said an office building had been raided on Monday morning. Now, there's a lot that's actually really worth watching here. Hong Kong creating this licensing regime is not just relevant for citizens of Hong Kong, although it certainly is for them. This has been seen, rightly so, as a marker of slightly shifting Chinese attitudes towards crypto in general. When these rules were first announced as forthcoming at the end of last year, it was widely anticipated that it would include a retail trading ban. Remember, crypto trading has been banned in China for the last few years. However, in the wake of FTX, and in particular the US's aggressive response to it, it appeared that the Chinese authorities might be reconsidering their position and in so doing using Hong Kong as a vehicle for testing the waters on the market without changing any policy in mainland China. In that light, I don't know exactly what this enforcement action around J -PEX actually signals. Arresting an influencer certainly sends a signal, but to what the ends of that signal are, I'm just not sure. I do think, however, it's probably worth weighting this issue as a little bit more significant than just a regional crackdown, as it may have bigger implications given the unique role Hong Kong plays relative to China when it comes to crypto. Next up, we move back to bankruptcy proceedings in the US where Gemini have slammed the proposed settlement between DCG and their subsidiary, Genesis, calling it misleading at best in a court filing on Friday. Now you'll remember that earlier last week, DCG had filed a proposed deal which would settle approximately $630 million in outstanding loan payments to Genesis. DCG said the deal could result in 90 % recoveries for unsecured creditors and recoveries as high as 95 % to 110 % for Gemini Earn customers who form the largest creditor entity in the Genesis bankruptcy. Gemini said in their court filing, however, that, quote, DCG touts proposed recovery rates that are a total mirage, misleading at best and deceptive at worst. Make no mistake, Gemini lenders will not actually receive anything close in real value terms to the proposed recovery rates under the current agreement in principle, end quote. DCG had proposed a repayment schedule for $1 .65 billion in total loans over seven years. Although the agreement had a substantial payment in the first year, criticism of the deal noted that recovery calculations were contingent on crypto -denominated payments becoming more valuable over time. I think the numbers were something like Bitcoin going to $85 ,000 and ETH going to $8 ,500. Gemini customers are owed around $1 .1 billion and it appears that taking on long -term risks associated with crypto prices and the continued solvency of DCG are simply not acceptable to them. Gemini said in their filing, quote, receiving a fractional share of interest in principal payments over seven years from an incredibly risky counterparty is not even remotely equivalent to receiving the actual cash and digital assets owed today by Genesis to the Gemini lenders. They added that, quote, DCG's proposal is markedly parallel to an attempt to satisfy its significant obligations through the issuance of IOUs instead of paying any real cash and digital assets. Gemini lawyers also slammed DCG's negotiation tactics, claiming they had made efforts to suggest that they would become desperate enough to take a significant haircut just to move on. On their creditors update blog, Gemini put it even more pointedly, stating that, quote, DCG is gaslighting creditors and testing earned users' resolve by baiting them with false promises of high recoveries. Now, hanging over the current state of the Genesis bankruptcy is the firm's right to exclusively propose recovery plans. The judge had granted a 30 -day extension to the exclusivity period through to early next month. That order was contested by Gemini and ended up falling short of the 60 -day extension requested by Genesis. After the exclusivity period has elapsed, creditors will be able to organize their own proposed deal to bring the bankruptcy to a close. Finally, separately on Friday, Gemini updated their lawsuit against DCG and CEO Barry Silbert. They now include four direct allegations that intercompany loans between DCG and Genesis were designed to, quote, make the market believe it had actually fixed Genesis's cratering financial condition. So there you have it. There are a number of other things that happened over the weekend or around the end of last week that we may touch on in conversations later. Mark Cuban got fished for almost a million bucks, for example. The New York Times leaked parts of a 15 ,000 -word Sam Bankman -Fried ramble that amounts to a very self -pitying reflection on the state of affairs. And Google's head of Web3 is begging the industry to build something actually useful. For now, though, we are going to wrap it there. We're going to get to the hard work of building back this industry from the ground up. I appreciate you hanging out here with me as we go about that work. So until next time, be safe and take care of each other. Peace.
Monitor Show 13:00 09-17-2023 13:00
"Interactive brokers' clients earn up to USD 4 .83 % on their uninvested, instantly available cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. This is Master's in Business on Bloomberg Radio. I'm Barry Ritholtz. Stay with us for today's top stories and global business headlines. They're coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is a Bloomberg Money Minute. Amid a pop in inflation, online prices are continuing a steady decline. They've fallen for 12 straight months and in August they fell by the most since April 2020. Alex Tenzi wrote the story for Bloomberg News and he says the price of goods sold online fell 3 .2 % in August from a year ago. There's a lot of excess inventory out there and competition is fierce for sales. Also helping lower prices and improvement in supply chains. There's no longer these delays at the ports. So all these companies are trying to move the product. So the best way to do that is to lower the price. The latest numbers come from software company Adobe which says there is progress on supermarket inflation. Year over year, food prices are still up 5%. That said, prices fell in August, month over month. Appliance prices were down 7 .3 % while computers were down 14 .2%. I'm Charlie Pellet, Bloomberg Radio. This is the story of a very special woman. Just a few knew about her superpowers. In a matter of seconds, she turned herself into a great mathematician. She masqueraded as a regular person at work but as a superhero at home. Everyone knows her as Gabriella.
Monitor Show 00:00 09-17-2023 00:00
"Interactive Brokers charges USD margin loan rates from 5 .83 % to 6 .83%. Rated the lowest margin fees by stockbrokers .com. Rates subject to change. Learn more at ibkr .com slash compare. Of Goldman Sachs Asset Management, this is Masters in Business on Bloomberg Radio. I'm Barry Ritholtz. Stay with us for today's top stories and global business headlines. They're coming up right now.
Monitor Show 19:00 09-16-2023 19:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. Management, this is Masters in Business on Bloomberg Radio. I'm Barry Ritholtz. Stay with us for today's top stories and global business headlines. They're coming up right now.
A highlight from 1403: This Will Send Bitcoin to $1,000,000 - Max Keiser
"In today's show, I'll be breaking down the latest technical analysis, as well as breaking news just in. The former SEC and Federal Reserve Bank of New York, Norman Reed, announced as the new CEO of Binance US? Like, what? Serious? We'll also be discussing the latest from Max Kaiser, who recently shared, we helped boost El Salvador's bonds 90 % this year. We can help Javier Malay escape the IMF, central banking terrorist, and get Argentina's economy rocking. Hope to be landing in Buenos Aires soon. Let's go. He also says that President Bukele plus Bitcoin have reinvented the nation state. Governance is being redefined in the Bitcoin age. A true meritocracy and universal economic freedom is rising in El Salvador. Socialist ideas are on their deathbed. Can the Bukele model of Bukelenomics be exported to another country? We will go to Argentina and discuss this with Javier Malay. Can't freaking wait. Also breaking news, Mark Cuban loses $870 ,000 worth of Ethereum in his MetaMask hot wallet with a hack. Rough. Also in today's show, Gemini legal team accuses DCG, the digital currency group of gaslighting Genesis creditors. We'll also be discussing BitGo and Swan unveil plans for a Bitcoin -only trust company. That's right, the trust company will target institutional investors in the United States as asset managers line up for the Bitcoin spot ETF. Send it. We'll also be discussing Bitcoin price all -time high will precede the 2024 halving according to this latest prediction by Bitcoin. Quitting him here, no, Bitcoin is not going to top before the halving. Yes, it is going to reach a new all -time high before the halving. No, Bitcoin is not going to 160 ,000 because the magnitude of every pullback is large. This means it will peak after the halving in 2024. And yes, the target price is around $250 ,000 per Bitcoin. I'll also be sharing the latest predictions from Max Keiser with the Bitcoin price action I recently transcribed his most recent interviews. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again, that's cryptonewsalerts .net. Welcome everyone just joining us. This is pod episode number 1403. I'm your host JV, and it is stat stacking Saturday. So let's get it. It's September 16th. So you already know we're halfway through the September before October. So let's bring it. Let's start with our market watch. As you can see here on the screen, we're back in the green. Bitcoin up a half a percent for the day trading back above 26 ,500. We also have Ether trading above 1600. And checking out coinmarketcap .com, we're sitting just above that trillion dollar milestone with roughly 22 billion in volume in the past 24 hours. Bitcoin dominance is 48 .9%, and the Ether dominance is 18 .6%. And checking out the top 100 crypto gainers of the past 24 hours, TonCoin leading the pack up 17 .5 % trading at $2 .42, followed by ThorChain up 9 .5%, trading at $1 .91, followed by Flow up 8 .5%, trading just above 46 cents. And checking out the top 100 crypto gainers for the past week, we have a sea of green, which is a beautiful omen for the altcoin market. We have coins such as TonFlow, Rune, and Ave all pretty up between anywhere from 8 to 13%. And yeah, so there you have it. How many of you are currently bullish on the king crypto, and how many of you are anticipating a further dip? Let me know your insights. And at the end of the show, I'll be reading everyone's comments out loud as we do each and every day in the Q &A session. Now, let's dive into some technical analysis from Glassnode, one of my favorite analytics platform. The past few days have been relatively positive for the price action for the king crypto, which has been increasing since Tuesday, September 12th. At the time, Bitcoin is sitting just above 25 ,600. Now in this prediction, the co -founder of the popular crypto analytics resource, Glassnode, outlined that the US CPI jumped by 0 .6%, which led to some fluctuations of the Bitcoin price. And indeed, the core CPI, which excludes more volatile sectors such as food and energy by design, has noted a yearly increase of 4 .3%. But interestingly, the CPI itself clocked in at 3 .7%, while the estimations were for it to be 3 .6%. So initially, the news didn't really have any impact on the price, which beyond the expected initial turbulence, settled at where it was trading just before that. So here's some price predictions coming from the Glassnode co -founder. He pointed out that crypto reclaimed the support above 26 ,000 and is now eyeing a potential break beyond 27 ,000. This would help it escape a multi -week range. He went on to share, risk signals nose dive into the 60s around ,400 27 and 28 ,200. But this climb seems poised as a step before tackling the psychological barrier at $30 ,000. So there you have it. Let me know if you agree or disagree with the analysts. And are you currently more bullish or bearish on the King crypto for the short term? Please do let me know. And breaking news just came in before I went live. And I'm like, it's hard for me to even accept this, but this is what it says. Former SEC and Federal Reserve Bank of New York, Norman Reed, is announced as the new CEO of Binance US. You can't make this stuff up. Folks, what is the SEC doing? Now, Max Kaiser recently tweeted, I'm sure you know, there was a Tucker Carlson interview with the pro Bitcoin presidential candidate of Argentina, who's currently winning the polls for the presidency. And fantastic, almost 400 million views within the first day. Max went on to share, we help boost El Salvador's bonds 90 % this year. Facts. We can help Javier Malay in Argentina escape the IMF central banking terrorists and get Argentina's economy rocking. Hope to be landing in Buenos Aires soon. So the million dollar question, do you think Max Kaiser will orange pill Javier Malay? I sure hope so. He even recently tweeted here, President Bukele plus Bitcoin have reinvented the nation state. Governance is being redefined in the Bitcoin age. A true meritocracy in universal economic freedom is rising in El Salvador. Socialist ideas are on their deathbed. Can the Bukele model of Bukele -nomics be exported to another country? We will go to Argentina and discuss this with Javier Malay. And quoting El Salvador's fearless leader, Bukele, old ideas and institutions crumbled and a new generation is called on to remake the world based on the human right of financial freedom. Preach. Now, Max also shared in regards to this headline, Janet Yellen says Ukraine aid is the best boost for the global economy. Now this is hilarious and also sincere at the same time. Bitcoin monetizes war and violence by being finite and uncomfortable as this ugly, what? Illustrates money monetizes war by violence by turning humans into disposable garbage central bank Ponzi scheme. Preach Max Kaiser. Greatly appreciate all the work you're doing. You're truly doing God's work. You and Stacy's a massive shout out. Now let's discuss the latest with the hack from Mark Cuban. Now this is alarming, but at the same time, it's Meta Mass. I've been telling you guys to stay away from the Meta Mass wallet for quite some time. And also they didn't hack Bitcoin. They hacked Ethereum. I personally don't trust Ethereum or Meta Mass. So interestingly enough, so to read this story, let's break this down. Check this out. Nearly $900 ,000 worth of Ethereum was reportedly drained from one of the hot wallets belonging to investor in Dallas. Mavs owner, Mark Cuban, the man that once said Bitcoin has no intrinsic value and that bananas are more valuable. Yeah, right now, independent blockchain sleuth was the first to spot the hack September 15th at around 8 PM. So that was last night after they highlighted suspicious behavior. What one of Cuban's wallets that the 65 year old had an interacted with for roughly five months as he shared here on X LMAO did Mark Cuban's wallet just get drain wallet inactive for 160 days and all of the assets just moved. And according to the transaction history on Etherscan, several batches of assets such as USD coin, USDC tether, and Lido staked Ether were suddenly withdrawn from the wallet within a 10 minute window. Now adding complexity to the matter, another 2 million worth of USDC was also withdrawn and sent to a different wallet, leading Woz to suspect that Cuban may just be moving some assets around. However, a few hours later, Cuban confirm to DL news that he had gone on metamask for the first time in months and vaguely suggested that the hacker or hackers may have been watching and waiting for the moment to pounce. Cuban added that he had transferred any remaining assets to Coinbase custody, essentially confirming that the $2 million worth of USDC transaction was indeed him. But in terms of the hack, members of the community were quick to point out that the opposed to the hackers watching Cubans activity, he must have done something that led to the security breach. Some suggested that Cuban may have mistakenly signed a malicious transaction while others asserted his private keys were compromised given that the funds were directly transferred out of his wallets. What do you guys personally think chat? Please let me know in the comments below. This is not the first time Cuban has been taken a hit on the crypto market. Back in June of 2021, Cuban Lawson unspecified amount of capital on what he called a rug pull after the algo stable project called iron finance imploded amid a supposed bank run. So there you have it. Mark Cuban has a bad track record in crypto. Just pointing out the obvious fam, how many of you guys think that it was a legitimate hack? Let me know your thoughts or how many of you think he maybe have just moved it around and don't want to claim it. Who knows? I mean, there's infinite possibilities. No one really knows, but I'll be keeping you posted with the latest developments. We all know Mark Cuban is a multi -billionaire. So obviously a $900 ,000 loss is not going to affect him. He's not going to lose any sleep over it. But what if you were to get hacked worth of $900 ,000 of crypto? So again, red alert, be very careful with wallets such as MetaMask. Just saying. Now for the latest between the digital currency group in Gemini with the ongoing saga as it continues, lawyers representing Gemini Trust have pushed back against the plan proposed by DCG for the creditors of Genesis Global in the filing yesterday, September 15th in the US Bankruptcy Court for the Southern District in New York. New York, where you at? The legal team accused DCG of gaslighting Genesis creditors through contrived, misleading and inaccurate assertions and a recovery plan. Now the plan filed in Bankruptcy Court September 13th, three days ago, claimed unsecured creditors could have a 70 to 90 % recovery with a meaningful portion of the recovery in digital currencies, while Gemini earned users would expect an approximately 95 to 110 % recovery for their claims. This seemed like a red flag when I initially read the story. I'm like, how are they going to get back 110 %? Does that make any sense? So now I'm starting to understand maybe they were gaslighting. What are your thoughts, chat? According to the legal team, DCG was attempting to bait the Gemini lenders into accepting the deal that would allow the company to pay less than it allegedly owed. Lawyers called on the firm to significantly improve the terms of the loans provided to Genesis and not use Genesis' bankruptcy proceedings to cover for justifications of the recovery plan, quoting them here, to distract the Genesis creditors from the inconvenient facts of its facially inadequate and inequitable proposal, DCG touts proposed recovery rates that are total mirage, misleading at best and deceptive at worst, said the filing yesterday, September 15th. Make no mistake, Gemini lenders will not actually receive anything close to the real value in terms of proposed recovery rates under the current agreement. In principle, so a bunch of more shenanigans, to say the least. The legal battle involved entanglements with crypto exchange Gemini and DCG over the Gemini Earn program. How many of you have lost crypto from Gemini Earn? I'm curious. Please let me know in the chat, fam. Financed in part by Genesis, Genesis halted withdrawals as we know November of 2022 in the wake of the FTX collapse, citing unprecedented market turmoil at the time and filed for bankruptcy later on in January of this year. According to the court filings by Gemini, Genesis owed more than $3 .5 billion to its top 50 creditors at the time of their Chapter 11 bankruptcy filing. The crypto exchange filed the claim in May, aimed at recovering more than $1 .1 billion worth of assets for roughly $232 ,000 Earn users and filed a lawsuit against DCG and their CEO, Barry Silber, in June alleging fraud. Barry was not the only architect and mastermind of the DCG and Genesis fraud against the creditors. He was directly and personally involved in perpetuating it, said Gemini co -founders Cameron and Tyler Winklevoss back in June. The US SEC filed a civil suit against Gemini and Genesis in January for allegedly selling unregistered securities through the Earn program. The two firms filed a motion to dismiss the case in May, but it is still ongoing at this current time. How do you think this is likely to play out? I just hope that the investors get their money back as they deserve because we all know with lawsuits, the biggest losers are always the investors. The biggest winners are the lawyers and the courts. That's just facts. So we'll see how this plays out as well. And again, they're attacking and going after all of the yield programs for crypto with Gemini Earn being a pretty large one. Why? It undermines the banks, right? If you can earn a five or 10 % yield putting your cryptocurrency on their platform, it basically tells you that why would you even waste your time with fiat currency in your bank when you're losing more than the actual appreciation of interest because the interest is virtually nothing while you're losing 20 % in inflation on an annual basis. It just makes no sense. So it seems if I had to guess, that's why they're attacking all of these yield programs. But what are your thoughts, chat? Please do let me know. I'm going to read those comments out in a little bit. Now let's discuss the latest with Bitcoin Trust. That's right, BitGo and Swan unveiled plans for their Bitcoin -only trust company. This is breaking news as well. The US may soon have a Bitcoin -only trust company according to plans disclosed by BitGo and Swan yesterday, September 15th. The joint venture is pending regulatory approval, the company said in the statement. Now I love the word joint venture because hey, JV, just saying. The forthcoming entity will handle similar activities of a trust company, including Bitcoin custody, administration and management on behalf of its beneficiaries. And according to Corey Clipston, CEO of Swan, the solutions intends to offer Bitcoin custody without the risk of having other altcoins under the same roof. As you know, Swan is Bitcoin -only and they're pretty much anti everything, not Bitcoin. Quoting him here, for years, we have heard from major clients, partners and other Bitcoin companies that they would prefer a Bitcoin -only software and services stack that is focused strictly on the best custody and leverages of Bitcoin's unique features. The companies are in contact with state regulators about the plans, but have yet to file regulatory approval. Clipston told Cointelegraph we're evaluating acquisition options first, he disclosed as he announced here through the Swan Bitcoin team on X. As part of our long -term vision to advance Bitcoin adoption, we're announcing a major step forward for Swan and the entire Bitcoin ecosystem. BitGo and Swan announced plans for USA's first Bitcoin -only trust company. Let's go USA. BitGo offers digital asset security and custody, supporting over 700 cryptos as per its website. And in contrast, Swan's business is fully dedicated to the king crypto, allowing users to only invest in Bitcoin via a one -time and reoccurring purchases, with custody of records held at Fortress Bank and Bakkt, while BitGo acts as a cold storage for Custodian. Now, didn't Fortress Trust just go bankrupt or get acquired by another company? Was it Ripple? You guys let me know in the chat. I know there was something major with Fortress Trust. Now, the new venture will target institutional investors such as asset managers, pension plans, and family offices, along with governments and company treasuries. It will offer cold storage, fraud prevention, anti -money laundering, and know -your -customer protocols, amongst other Bitcoin -related services. Institutional investors in the crypto space are at a fast -growing market in the US, especially as the world's largest asset managers seek regulatory approval, which includes BlackRock, the largest. For a spot Bitcoin ETF, we also have several large Wall Street players offering crypto custody solutions to institutional investors, which include the Bank of New York, Mellon, as well as Deutsche Bank, quoting them here. We believe there is a high likelihood that several ETFs are approved in 2024, and thus a new round of entrants to the Bitcoin market seeking mature, reputable, technology -proficient partners for a range of needs, explained the Swan CEO. The SEC delayed decisions on the spot Bitcoin ETF product. Analysts predict the regulatory regulator may postpone a decision until early 2024 as the deadline fast approaches, quoting them again. Our teams have worked closely together for nearly a year on stronger, qualified custody models. Early in 2023, we recognized the opportunity to establish a Bitcoin -only custodian, combining the unique capabilities of each company and supporting the innovators that will be at the forefront of pushing Bitcoin adoption, noted the CEO of BitGo. So there you have it. I am curious, by a show of hands chat, how many of you have purchased or acquired Bitcoin using Swan Bitcoin, and how many of you are familiar or ever used BitGo? Let me know in the chat. Now let's break down our next breaking story of the day, and that's the Bitcoin halving, which should be on everybody's mind, because it's only six months out, estimated to take place sometime in April of 2024. Now guess what? What if we hit a new all -time high pre -halving, because that's what this prediction suggests. Let's break this baby down, shall we? Bitcoin has a $250 ,000 target for after its next block subsidy halving, but a new all -time high will come sooner. Let me know if you guys agree. That is the latest Bitcoin prediction from BitQuant, the popular social media commentator who sees a rosy future for Bitcoin. In his latest post on X on September 15th, synonymous central banker and Bitcoiner revealed a pre -halving target of 69 ,000. That's what makes this individual interesting. He is a central banker and a Bitcoiner. I didn't even know that was a possible combination, fam, just saying, but he wrote, no, Bitcoin is not going to the top before the halving. Yes, it is going to reach a new all -time high before the halving. Now Bitcoin has just over six months before the halving, the event that cuts the miner rewards, as we know, per block by 50 % every four years. Analysts argue that the resulting emission restrictions have a cathartic impact on the Bitcoin price performance, acting as something of a springboard in advance of Bitcoin seeing new all -time highs. But for BitQuant, the analysts, that alone is not bullish enough. Not only will Bitcoin beat its current record set in 2021, which we all know the current all -time high is 69 ,000, before next April, it'll go on to hit $250 ,000 per Bitcoin after the next halving cycle begins. That's what he says here. No, Bitcoin is not going to 160 ,000 because the magnitude of every pullback is large. This means it will peak after the halving in 2024, and yes, the target price is around 250 ,000, which is outlined right here in the chart. Let me know if you agree or disagree with this crypto analyst, BitQuant. Now, market participants are highly divided when it comes to how the Bitcoin price action will play out into the halving and beyond. Some agree that the higher levels are possible by April, but plenty of conservative voices obviously remain, especially bears, right? Last month, Bitcoin investor and author Jesse Myers dispelled any idea that Bitcoin will be trading at six figures between now and then, and in a subsequent interview, meanwhile, Philby Philby, the co -founder of Trading Suite, decent trader, gave a pre -halving Bitcoin price ceiling of 46 ,000, quoting him here, assuming no Black Swan event, around 35 ,000 by the end of the year, and possibly as high as 46 ,000, sometime pre -halving in quarter one of 2024. So there, you freaking have it. And as he shares here, I'm going to read you his particular post on X coming from Bitcoin. Again, this is the central banker slash Bitcoiner. He says, no, Bitcoin is not going to the top before the halving. Yes, it is going to reach a new all -time high before the halving. No, Bitcoin is not going to 160 ,000 because the magnitude of every pullback is large. This means it will peak after the halving in 2024. And yes, the target price is around $250 ,000 per coin. So there you have it, fam. Again, let me know if you agree or disagree with the analysts and where do you feel the Bitcoin halving, which is around the corner, is likely to take us. As you know, the two most bullish catalysts in the market, Bitcoin halving as well as spot Bitcoin ETF. I hope they both get approved and take place. We already know for certain the halving will take place, but there's a 95 % chance of the spot ETF approval in the United States, according to top ETF analyst, Eric Balchunes of Bloomberg. Now for the moment you have all been waiting for, the latest from Max Kaiser. I recently transcribed, actually today, his most recent interview in Bitcoin price predictions, very powerful words to share. So let's break this down. So first and foremost, he says, the world is a very different place and everyone will say nobody saw it coming, but it is clearly been brewing now for many years. And it's like every single day you can just see the catastrophe inching toward the abyss. You know, it's we're at the zero line preach. He also says it is a global fiat money game and you see different countries where fiat money regimes are collapsing in real time, right? Facts. Argentina, you know, the countries like this or like Lebanon recently had a complete collapse or a central bank collapse. That's right. And inflation is definitely an indication that your fiat money regime is in dire straits and inflation is breaking out in a big way. It is not going to return to where it was before this latest inflation break inflation and the collapse of fiat money is here. Now people are feeling it right now. And the quality of life all over the world is being impacted by it and it's being impacted in the United States. You know, people can't buy a home. People can't afford food. The economy is starting to ramp back up again. So it's playing out right now. And there is nothing that can be done to stop this inflation because the economy is completely out of control. So even the interest on the debt in the United States is now over one trillion dollars. So I think it is the biggest line item on the budget, bigger than the military. What we were told for decades was, oh, you know, it's trickle down economics or what you have, what not. I mean, and he goes on to share with Bitcoin. It's kind of the end of price discovery because everything will be priced in Bitcoin preach. eventually Everything goes to zero against Bitcoin. And so for someone like myself, who has been following this for 40 years, finance markets, technology, Bitcoin is the holy grail. It is the end all. I would say my compatriot in all of this is the one and only Michael Saylor. When you hear Michael Saylor talk, he talks about the aesthetics of Bitcoin, the beauty of Bitcoin. And he speaks about it in a way that I think carries the torch from the Max and Stacey from 2011. He started buying it, I guess, when it was 10 or 12000 a coin or so in 2020 era. So we were from 2011 to 2020. I think he's kind of carried the torch from 2020 in a lot of ways and introduced Bitcoin to massive pools of capital. I am surprised that more companies haven't followed his lead, giving up the break in inflation we have had exactly as Michael Saylor predicted, the melting ice cube, as he called it at that time, is exactly what happened. Well, I guess we can say now we're in a new era where BlackRock and those other major institutions are now looking at Bitcoin. So his work on the institutional level, I guess, is now bearing fruit. Three years later, I see in the Middle East, they are starting to recognize Bitcoin. So that's a huge pool of capital. I think all of that oil money will find its way into Bitcoin and be a huge catalyst for the prices. It is a natural way for the oil industry to diversify their portfolio because Bitcoin is essentially energy and the energy eventually gets priced in Bitcoin. And there is a marriage between these two in a big way. So I think that's kind of the answer. I have always been fascinated by price discovery in markets and the architecture of how markets work under the hood. And Bitcoin is such a pristine, perfect money. And I think it is something that humans have been searching for since forever. And now we're seeing it change society on a really fundamental level with the introduction of Bitcoin. And a lot of people are freaking out because of it, because it destroys the status quo. And a lot of people who have been waiting for it to come along have had the faith that humanity can be saved. They see Bitcoin in those terms. So you have this split going on, which is very exciting. So it just continues on and on. And you cannot, how could you not be interested in it? I think the people who were into it earlier and just walked away just never got it from the beginning. Once it's characterized as an asset class, we have nothing to do except position ourselves in this asset class. Either we are going to be a small position or a big position, but we cannot ignore it. We cannot not have a position. Now check this out. So even 1 % of that multi -hundred trillion dollar funds available moves the needle on Bitcoin and it moves it up considerably. He's referencing the 700 trillion dollar plus total addressable market. And he continues, so if we get into the 5 to 10 % range, then you start to really see it raise ahead to the seven figure type predictions that people have been making, including myself, because Bitcoin is an asset class preach. And on the flip side, we have what we saw in the gold market, which is the ability to control the price discovery and manipulate the prices. It's real through the derivatives markets. So the price of gold has been lagging inflation for 20 years because the governments around the world don't like gold making their fiat money look bad. That's right. So they make it easy for the huge funds to manipulate the price of gold and to scalp it, to continuously skim profits off of gold, which is what they do almost every single day. You can watch it and see it. That's pretty clear. And they are very good at keeping the price of gold and silver down. There's something like for every ounce of silver, there's probably 50 ounces worth of derivatives floating in various exchanges around world that are used to keep the price of silver down because governments don't want gold to race ahead and draw capital out of their fiat money scam into gold. He's preaching. Now with Bitcoin, we have the ability to pull our private keys, which is not really available with gold. Technically people can take delivery of gold on these exchanges, but there has never been an organized attempt to do so. We tried to do it a few years ago with crash JP Morgan, buy gold and silver because after the 2008 financial crisis, when JP Morgan ended up buying Bear Stearns effectively for nothing, they inherited this huge multimillion short silver position that Bear Stearns was managing at the behest of presumably the government. The government likes to stay involved. And so I did some calculations and it became clear that if this short position was not covered, the price of silver could go to 60 to $70 an ounce, and it would bankrupt JP Morgan Chase. Take that Jamie Dimon. So we started this crash JP Morgan buy silver campaign, and we got the price of silver from $15 up to $50. So we got it up to $50 level. And then the Fed of course came in, they changed the laws overnight to make it possible for these banks to have and carry a much greater short position and silver. So they printed up a lot of paper, silver derivatives, and they stopped the run on their bank. And the price of silver went back down to $15 or so. So we've seen that it is possible to force capitulation in that silver market. But at the end of the day, because the ability to pull private keys is not like it is Bitcoin, I don't think it'll ever succeed. Whereas with Bitcoin, you can pull your private keys. Now, I mean, he is speaking facts right here. Warren Buffett and his own words has said, derivatives are financial weapons of mass destruction. The central bankers are using it to manipulate the markets. That's what they're doing with silver. That's what they're doing with gold and precious metals. And Max makes a great point. They don't want the gold and silver prices to rise up. It undermines the US dollar. They're trying to keep a strong dollar, right? So that's why gold has been pretty stable at like $2 ,000 and unable to really climb much above it. I think it's been pretty stagnant virtually for the past decade. So with the dollar inflating from them continuing to print trillions of dollars, the fact that gold isn't just continuously going up, it proves that the market is manipulated. You also got to consider as well, there is no scarce asset like Bitcoin. Bitcoin has a finite limited supply of 21 million coins. Yeah, gold may be rare or scarce, but they dump a new supply every year into the market. They can control it. They could invest more into discovering more gold. As Jack Mallers pointed out, Elon could maybe discover more gold on Mars. Who knows? Bitcoin, you can't say the same thing. Bitcoin is perfect money. It's incorruptible. It's unconfiscatable and the list goes on and on. So if you had the choice to put your wealth somewhere, what asset class would you choose to put it in? Let me know, fam. And don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
Monitor Show 12:00 09-15-2023 12:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV batteries, environmental impact behind sand. Yeah, sand. You get context and context changes everything. Go to Bloomberg .com to get context. Off about one point three percent will stay on top of that. We're still waiting for President Biden to make some comments. So when and if that occurs, we will bring that to you. We're going to have more coming up. This is Bloomberg. There's still some concern out there in the market that there is room for things to deteriorate a little bit more than what they're indicating. As small and medium -sized businesses struggle, they don't present as much competition. The supply chain has still got dislocations globally and here in the U .S. This is Bloomberg Markets with Paul Sweeney and Matt Miller on Bloomberg Radio. All right, coming up in this hour, we're going to check in with Ed Corey. He's a radio anchor and reporter at Bloomberg Radio. He's at the Detroit Motor Show. Oh, man, they must be talking in the corners there. We'll get the latest on what's happened in there. Then Barry Ritholtz, Ritholtz Wealth Management, we'll talk to him and see what he wants. What's on top of his mind, he is the host of Masters in Business, a big, big popular podcast. And then Todd Harrison, founding partner and CIO at CB1 Capital Management, discusses marijuana investing and the outlook for the cannabis industry. That's going to be cool. Todd Harrison is pretty legendary on Wall Street. He started Minionville.
"barry" Discussed on The Eric Metaxas Show
"A true blue I think I'm a miracle come true way to share the baby I was going crazy. Well before we end I gotta tell you that we have well, before we end this hour, right? Yeah, this is our one with Barry McGuire. It really is. And I was gonna say, like, we've been here. Well, we've got a few minutes left with Barry. And then ladies and gentlemen, more with my really dear friend, malachi O'Brien. He's very sweet. And as I mentioned today, as you're listening to me talk to him, he is finishing his final and a 153rd consecutive marathon. And I think he talks about one of his marathon runs, went through asbury, Kentucky, and into the church there, and he kind of reports on what's going on. Oh, he talks about, there's a lot. But anyway, before we get to the last part of Barry and the rest of malachi, we should say that I'm going to Israel. Yes, you are. Did I tell you about this? I think I mentioned on the program. Next year, 2024, I'm going to Israel. And one of our sponsors on the program is the Israeli ministry of tourism. You know, there's really nothing to see there. So they need to spend some money to get people to go there. And then you realize, hey, wait a minute. Wait a minute. There's everything to see there. There's no place in the world like Israel. Now look, let's be honest. If you've been there, I was there once. It's almost unbelievable. What is there? And it will change your life because it can't help but change your life. When you see the sights and things. Now, again, I keep talking about when I wrote my book as atheism dead. The first part is about science. The second part is about archeology. I got so excited about going back. So next year, I can not wait to go back because there is so much to see. I mean, if you only read my book as atheism dead, you read the archeology, I think you're just saying I want to see this and this and this you want to see these things. And so I can't wait to go back. I'll probably film a documentary or something like that. But you can go to Holy Land dot Israel dot travel Holy Land dot Israel travel. You can see how to go there. But by the way, they've got beautiful photos and great testimonials. I went to the website. It's a great website. Holy Land dot Israel travel. You got to see it. And you know, at the bottom of everything, folks, I want to encourage everybody. It's kind of like Barry keeps saying moving people closer to Jesus every day. Moving people closer to the truth every day. When you go to Israel, that's part of what people say, what can I do? Well, let me tell you, that's something you can do. It's going to be fun. It's going to be a whole thing. But it's something you can do that's going to enrich your faith, walk, it's going to enrich your life, your knowledge of history. So it's not just like, it's not like a Disney cruise. Okay, let me also say something you can do and I hope you will do, we keep mentioning food for the poor. Please go to metaxas talk dot com, click on the banner, then the situation in certain parts of Central America. It is so urgent. There are children starving. Now, again, we could fix this tomorrow. There is enough money times a thousand in the west in America to fix this to feed these kids that are starving. So let's do our part, go to metaxas talk dot com. $72 feeds an entire I mean, this is so crazy. Two children, two entire nutrition, nutritious meals per day, two kids for a year, and that's just if you give $72. There are plenty of people that can give $720. There are plenty of people that can give $1440. You can figure it out, but the point is, food for the poor is extraordinarily reputable. They get this done. It's something you can do and unmitigated good..
"barry" Discussed on The Eric Metaxas Show
"And I said, excuse me, what are you talking about? I almost didn't believe it myself, because I said, no, no, no. As time passed, I recognized that my kooky elliptical stories, which were designed on being honest, to draw her to faith because I love this woman so much. He's such a deer. You know, in life, you meet some people that just the dearest souls in the world. So cherish Khan, she was with Harper's magazine, she came to faith and at her memorial service, talking to people who were not on the same page, I was privileged to be able to share a little bit about this. So I dedicate my book fish out of water to her. But she, in my life, was proof that what you're saying is true. What you write about in your book ignite your life, this works. And it ignites your life even more. It's like, wow. Yes. God use me. When you see that God would use you in that way, it changes, you're so excited. Who am I? And I just moved that person closer to Jesus. The privilege of doing that. I mean, how's that possible? God chooses her work through us. And when we do an ignite your life, it's just incredible. How that works. It's true and it's effortless. It's effortless. And I love the scripture and Isaiah. 43 ten. Isaiah 43 ten. It's the one scripture I found that says, why is a big one? This is a big one. Go ahead. The scriptures for genesis to revelations tell us to proclaim the good news and share, yeah, yeah, I got that. I got all that. I got it. But why? Why is it so important, God, to win the loss? Okay, I get that. No, actually, that secondary. That secondary is unbelievable. What did you share your faith? For you, Isaiah, 43 ten says, let's say at the lord, I point you as my witness so that you will believe. If I was God, I'd say I appointed my window so they'll believe he has enters in you is not using you. His primary interest in you is winning you. And if you don't share your faith, you atrophy the church's attago. You live in fear. And now even it's even hard to read the Bible. And you have no joy in your walk your way to heaven, you're not having any fun and more important you're not affecting the world, you're not fulfilling his commission for your life. But when you share your faith, when you share your faith, you get off the bench and you're into the game, and now you can't, nobody has to tell you to get in the word, you're digging for answers to questions that you don't know how to answer in your frame for bond that you're with today and this afternoon. Billy Graham. Everything comes along always said this, right? When people would come and make their decision, one of the things he said to do is now you go and you tell others about what you have found. The calling. But what's so amazing and this is true is that when you do that, it ignites your faith. Now the title of the book is ignite your life. It's the same thing. But when you do that and I've had this experience, so many times, it ignites your own faith and so but the idea that there's a scripture in Isaiah says that you say you not out. I never would have we're going to go to a break. Ladies and gentlemen, the title of the book is ignite your life. Barry Maguire is the author ignite your life defeat fear with effortless faith. We'll be right back. But now that I'm home again I'm telling you what I believe it's a miracle here I come.
"barry" Discussed on The Eric Metaxas Show
"He says, don't prepare. Get this, you don't have to, you can't prepare for these conversations. You and I will talk about that last night. You never know where these conversations go to go. And you're going to get to .2. That's the moment it feels phony. The person on the other side, they're going to smile. Exactly. And they will endure you as you try to share your faith. But the number one thing they're looking for. I mean, let's be honest. Yes. They're thinking, if there is a God, I'm going to smell love, joy, authenticity. As soon as it's a phony, a little religious, a little forced, they're out. They know already something doesn't smell it. Doesn't smell like what I'm looking for. They're looking, God created them to look for this. God created them to long for this. And they know at that moment, this is not it. This is a religious person. They got all the answers, and they're trying to hit me over the head or trying to trying to kind of argue me into this thing. And they will smile politely. But it doesn't work. Do not argue, I never argue with anybody. And I've never offended anybody ever. I've never been persecuted. People don't get mad when you tell them God loves them. I mean, they can hardly believe it. But you're just telling God loves them. And this whole thing of loving God, when God loves us, he Salvation us. The whole purpose of his love is to Salvation us. Every conversation you have, folks with other people, God is wanting to Salvation those people through you. Every conversation, that's what life's all about. And when you allow God to Salvation people through you as you're loving on them and don't put a timeline for Salvation, just love on them. And the horse hero confirm your love and they'll know you're genuine and everybody's searching for loved hungry. Desperate for love and when you love the Holy Spirit touches them and I got to tell you complete strangers will open up to you within three, four minutes will start telling you things they won't even tell their best friends. And here's where the fun comes. The Holy Spirit Luke 1212 the Holy Spirit gives you the words to say when you need them. And all of a sudden it's coming through you scriptures you haven't thought of for years and you know it's the Holy Spirit speaking through you and you see the live change in front of you folks. That ignites your life. That's what this book is. You know what? Ignites your life. Part of what you're saying, Barry, 'cause I think about this stuff all the time. They're also Christians that they have this kind of hand wringing attitude about evangelism. I have been too. And they think like that. If I don't say the right thing, this person's going to go to hell and so they're anxious. And the scripture says, be anxious for nothing. We've got more with Barry Maguire. The book, in case I haven't mentioned it, is called ignite your life, Barry Maguire, the.
"barry" Discussed on The Eric Metaxas Show
"Good stuff. We're gonna talk about the ultimate bad stuff, ladies and gentlemen. This is important because if I didn't give you a proper introduction, but you're the third generation president of Maguire's car wax. So you are a very successful businessman. And you had a show car crazy that was on TV for 18 years on Discovery Channel networks globally. So a lot of people would look at you and they would think, oh yeah, it's easy for that rich successful guy. He's had it all. He's got a tan. He lives in California and Arizona. And what does he know? Exactly. About suffering and here he is talking about Romans 8 28, all things work together for good, even the bad stuff, blah, blah, blah, blah, blah. Well, I happen to know, and you've been very public about it, that four years ago, you and Karen lost your 49 year old daughter. Yeah. So now I can't think of anything. More difficult than that. And we don't need to dwell on it, but everybody has suffered. And I don't want anybody to think to get this fake impression that there are two people here talking about joy that we have in some way. I've got my stories, but your story with your daughter, that was four years ago. And we've had struggles throughout our lives. And when I'm convinced that when God gives you, he's doing it to build your faith and preparing you for the next one. And if you handle it well, he gives you a bigger one. And then he gives you a bigger one. Let me give you one. The surprise speak to a lot of people. And you know, I was in the hospital in the hospital dying. It didn't face me. 13 years ago. That was another one. My family, half my business owned by family members, and they sold to a joint vulture. I joint venture company. And they took over my board, and I found out the next morning, they're throwing me out of my business. Now, when was this? It was 2008, I was 65 years old. My life's work, my family business, my heritage, my reputation, my testimony. That's Barry McGuire, the Christians, words God now. I mean, everything was gone. I had there's nothing I could do. There was nothing I was toast. My life is over, okay? This is true story. God's hearing me right now. I didn't waver, my joy stayed strong. I prayed a very short prayer to God. I said, God, I asked you for nothing. And I did it with a chuck on my voice. Because I've been through some of you don't get there right away, but as I chuck, I said, God, I asked you for nothing, because of two things. One, you know I live for your purpose. I share you everywhere I go over to you know that. And I know you keep your word. And you said that when we live for your purpose, you make everything good. And so I went right to sleep. God hear me now. This is exactly what happened. I would immediately sleep. I did not toss and turn. I never woke up. I woke up fresh. I went into my attorney's office at this conference call, okay? All the board members. With an 8 minutes. 8 minutes. God completely discombobulated my joint venture partner for something that he'd done 5 years earlier and turned the whole thing off. This is like stories from scripture where God is constantly testing us and testing our faith and trying to get us to actually believe what he says in the Bible. But here's the key. Everybody's a Christian says, I believe what it says in the Bible will do you. When tough times come, they don't. Do you live it? No. And I can tell you that I don't instantly, when some bad thing happens to me, it takes me some time to say, hey, wait, wait, wait, wait, wait a minute, God has a plan. God is in this thing that looks like a bad thing. He can weave this into something beautiful. Will I trust what he says? Now folks, that's the only way to live. But Barry, you have this way. This makes it almost everybody watching us right now. You believe proverbs three 5. You quote proverbs three 5. Trust the lord with your whole heart. Don't depend on your understanding. And all your ways acknowledge him and he would direct your breath. What a promise. He would direct your path, but 80% of all Christians are living in fear. So we quote these scriptures than we don't live them. But then we say, God, I'm going to believe, but then we fail. Every time we try to do it on strength, I hear so many times praying for a brother. You just have to have faith, just trust God, more, that sounds really righteous, but how do you do that? How do you do it? That's the big question. Romans 8 28 tells you how you do that because when you live for him, he makes everything work for good and that makes makes faith effortless. You can defeat fear, effortlessly. It is a joy, and I've been doing it now for 50 years. I've been through every kind of struggles and God's there. And when bad things happen to us, now Karen, I laugh. We literally laugh. We never ask for help anymore with God. We don't. We see to God. This is going to be interesting. What are you up to now? Are you teaching us something new or is there somebody new coming into our lives at this opportunity will give us so we can you get a flat tire. You're on your way to an important meeting, right? And you get a flat tire. The default is, oh, thanks a lot, God. Where are you? I mean, you know, why? Stop thinking about that. Start thinking about how, okay, God's up to something. And then the trip away guy comes in your engaging him and loving on him and he opens up and tells you his problems. You find yourself praying with a guy and then you're meeting I canceled. He didn't have to be there. I've got a million story. That's the way God works. You follow the nudge. I caught you, father judge and live in the fog. We all know the nudge when the Holy Spirit is prompting you to call somebody in pain or pray for a secular friend that you're sitting across a cup of coffee with and they go, he'll think I'm a fool. Or we don't have time. Those are all excuses, folks. When you follow the neds, you live in the fog, you live in the favor of God. You live in the promise of Romans 8 28 that tells you you don't have to worry about it. You don't have to conjure up faith. You just have faith. And that, let me tell you that or ignites your life. I don't know anybody who's not looking for this. I just think there are a lot of people that they kind of have this idea that this can't be right. So I want to say, ladies and gentlemen, this is God's will for you. This is not some thing that may be this is his will for you. We'll be right back, talking to Barry McGuire the book is ignite your life. Tell me why relief factor is so successful at lowering or eliminating pain. I'm often asked that question just the other night I was asked that question, well, the owners of relief factor tell me they believe our bodies were designed to heal. That's right, designed to heal, and I agree with them. And the doctors who formulated relief factor for them selected the four best ingredients, yes, 100% drug free ingredients, and each one of them helps your body deal with inflammation. Each of the four ingredients deals with inflammation from a different metabolic pathway. That's the point. So approaching from four different angles may be why so many people find such wonderful relief. If you've got back pain, shoulder, neck, hip, knee, or foot pain from exercise or just getting older, you should order the three week quick start discounted to only 1995 to see if it'll work for you. It has worked for about 70% of the half a million people who've tried it and have ordered.
"barry" Discussed on The Eric Metaxas Show
"He has a new book out called ignite your life, defeat fear with effortless faith. Now I want to be clear on the radio. Doing this program, I get a million books, Alvin and I, we get a million books by some Christian author, whatever. And they're kind of self helpy kind of books. This sounds like it might be one of those books. But let me tell you, it ain't. Ignite your life, defeat fear with effortless faith, is it's the real thing. It's a scripture. It is scripture and you are my friend Barry Maguire. And so I want to say in case people miss the other part of the program, you've come out with this book ignite your life, which is about living out your faith and you and I have this we kind of have a mutual background in David wilkerson. Years, obviously, goes way back beyond it. But the point is, for you and me, Christian faith is a genuinely joyful adventure. We're not just saying that. But we meet a lot of people for whom that's not true. And I think that they're kind of thinking, you know, I don't know why, but it just feels like a dull assignment. And if it feels like a dull assignment, something ain't right. And so you have kind of sum this all up. The answer to it in this book ignite your life, defeat fear with effortless faith. So Barry, welcome back. And let's talk about what you say in the book. Well, first off, it's not so important what I say. This is a book of scripture. We heavily, what I say is meaningless. I just give trappings to it. I put it in perspective with the scriptures say. But every chapter is filled with scriptures at the end of every chapter, all the scriptures are listed. If you just read the scriptures from this book, then pay attention to what I said, it will change your life. Just in case anybody's worried that this is slightly non scripture. This is not a selfie. The scriptures are there. No. To prove to you that this is God's idea of what it is to walk with him. That's the key. I know you love Roman J 20. Let's talk about just for a moment. God is truth. He doesn't lie. And yet this scripture so underappreciated. God, I think it's the second most important scripture in the Bible. He's saying, for now, announce you're a Christian. You know this, but I'm talking to her. He's saying now that you're a Christian for now until you get to heaven, I'm going to make everything, not most things, everything in your life, work together for good. I know you may say, well, it doesn't work for me, whatever what he says, he'll make it work together for good when you love him. First love, nothing separated. You got your own me. I love you. I don't want anything separating. It's that kind of love. And segment you live for my purpose. When you live for God's purpose, his purpose is no argument. His purpose is to seek us save the loss. When we live every day to seek and save the loss, we step into this incredible promise that he's making everything good. That's the end of fear. 80% of us Christians are living in fear. That stops fear like that when you receive it for what it is and I can give you a lot of stories on that. So I live every day to move everybody every day closer to Jesus. That's the theme of our ministry. And the bad stuff happens, but when bad stuff happens when you're living in that promise, it looks bad, but it's not..
"barry" Discussed on The Eric Metaxas Show
"We'll tell you the rest of the story when we come back with Barry McGuire. The book is ignite your life, may I recommend that you get a copy, it's all in the book, ignite your life. I've looked at clouds that way now the only blocks. Folks, the book is ignite your life, I'm speaking with the author Barry Maguire, a dear friend, very, you just shared that, so here you are, and again, there are a lot of people that need to hear this. They think if I'm excited about God, if I'm excited about Jesus, do I have to go into full-time ministry? They have some idea. Yeah. I gotta go. Most people do. Listen, William wilberforce, about whom I write in my book amazing grace. What he got so excited about God, he thought, I guess this means I have to leave politics. And he goes to talk to John Newton, who wrote to him amazing grace and says, what do I do? And John Newton says no. Stay where you are, God will use you in the place that he's already put you. And you're telling me that this happened to you, you're sitting there in your office and this man says, God has given you a great ministry here. I said, why did you say that? Why are you telling me he says, well, a passer could never reach the people you're reaching. But as a businessman, you can and he gave me this line, Eric, in 1976, it's obvious that your business is your pulpit. I said, I got to tell you, I just prayed this prayer, not 20 minutes ago, and he said, oh, that explains it. I said, explains what. He said, I just dropped missionaries over the Orange County airport. I was driving a red hill, which was the closest Main Street to my office. He said, God spoke to me. And said, go see Barry Maguire. And I driven by your office many times. I saw the name of it. I put together that for the church. And I argue the guy I said, I don't know this guy. I'm going to make a fool of myself. And when I walked in your office just now, my heart was beating in my throat. I was so nervous I didn't know what to say, but how's it going? Now, this is also a message on obedience. If he had not been obedient, I would have been a failure as a pastor. I'm a businessman. Because of him, I had stayed the course and got his recipe, but I've then till now I've seen that everything I do is administering quite frankly for all of us right now. All of you, everything you say and do. Is moving everybody watching you closer further away from Jesus. You're in full-time ministry. What we're all witnesses, some of us are witnesses for the prosecution, but we're all witnesses. So every conversation, everything we do, and I'm entitled entirely capable of saying the wrong thing to God convicts me. I mean, there are times when I'll say something to Karen in the bathroom in the mornings we're getting ready to look at her face. I think I didn't just move you closer to Jesus, you know? When that's the goal, then all of a sudden, life has purpose. Everything has purpose. And now you're pro life ignites and your Bible. Everything comes alive. I was going to say, we're going to go to a break. This is the end of our one, we're going to have Barry in our two, hopefully followed by our friend malachi O'Brien. Versus legs carry him here in time. I want to say, first of all, the book ignite your life is exciting and it's kind of, I think people are looking for this. I think there are people that they say, is this all there is, I'm talking about people with faith. It just feels kind of dead. And we want to be alive to what God is doing and saying. So the idea that you could hear from God that he could move in your life in a way that he shows you that he is real, that he's, that is gigantic. Now actually, before we go to the break, I should mention we have a new sponsor on the program. It is the Israeli ministry of tourism, their website is Holy Land dot Israel dot travel Holy Land dot Israel dot travel and the idea of making your life real, I think going to Israel is one of the easy ones. Like if you do that, now Barry, I'm guessing you've been Israel a couple times. A few times, yes. A few times? Do you know how many? Do you have an idea? At least four. Four times. Okay, everybody says, oh, change your life. Change your life. Holy Land. Israel.
"barry" Discussed on The Eric Metaxas Show
"It follows number one bestselling author and pastor Greg Locke's epic journey from a small church in Tennessee to a global deliverance ministry. Following a startling chain of events pastor Locke took a 180° turn from his mainstream religious traditions and led his church to the brink of revival. He's exposing and fighting an unseen enemy that's destroying families and churches and paralyzing Christians with fear and bondage. Knowledge is power. Learn how pasture lock and the team show the church how to defeat the enemy, get delivered and set free. The most important awakening in church, history has begun, don't miss come out in Jesus name in theaters nationwide march 13th, tickets are available now at come out in Jesus name dot com that's come out in Jesus name dot com. I've seen it. I recommend it highly come out in Jesus name dot com. My pillow is excited to bring you their biggest betting sale ever get the Giza dream bed sheets for as low as 29 98, a set of pillowcases for only 9 98 and rejuvenate your bed with a my pillow mattress topper for as low as 99.99. They also have blankets in a variety of sizes, colors and styles. They even have blankets for your pets, get duvets, quilts, down comforters, body pillars, bolster pillows, and so much more. All the biggest discounts of the year are happening right now so don't miss out. They're also extending their money back guarantee for Christmas until March 1st, 2023 making them the perfect gifts for your Friends, your family and everyone you know. So go to my pillow dot com and use promo code Eric or call one 809 7 8 three O 5 7 and you'll get huge discounts on all my pillow betting products, including the Giza dream bedsheets for as low as 29 98 and get all your shopping done now while quantities last again use code Eric and save my pillow dot com. Once those away. To get back home folks welcome back, I'm talking to my friend Barry Maguire who is most famous for being a car guy. How do you explain that? It's not a gender specific term. If you love cars, your car got a lot of good-looking car guys out there. Okay. Come up in there. Attractive young ladies, but they love cars. If you have a pass card, you're a car guy..
"barry" Discussed on The Eric Metaxas Show
"8 four four 8 6 three hope. God bless you. Folks, I got cut off. I wanted to tell you we're doing the campaign with food for the poor. So I want to be real clear. This is very important. And I will say it again, you go to metaxas talk dot com and you click on the banner, give food, give hope, give life, click the donate. We need your help. We need your help. Now, if you prefer to do it via text, you can text the keyword Eric. That's my name, ERC, to 9 one 9 9 9. Any amount, skip the Starbucks and text that number Eric to 9 one 9 9 9, any amount, we really need your help. This is a very important campaign. We do this once a year. There are children starving. We're not making that up. They're not starving metaphorically or spiritually physically starving. Now, as I told you, in the last segment, today is a crazy day, crazy in the best sense. First of all, let me say I'm sitting here with my friend Barry Maguire. Barry. Hey, here you are. Today, now you're one of the few people that are privy to the lunacy of yesterday because you had dinner with me and Suzanne and my friend malachi, who while we are sitting here. Is running a marathon on the streets of New York City if he gets done in time, he will come through this door, and I will interview him following his 152nd consecutive marathon. That is by far a world record by far the record was a 104. And then tonight he flies home to Kansas City and tomorrow at home, he runs his final and a 153rd marathon. So if I seem tired, it's because I am very tired yesterday I really did run 22 miles. So Barry, I just thought I want to talk to you about so many things, but the main reason you came to New York obviously to be on this program is to talk about your brand new book, ignite your life, defeat fear with effortless faith, where do we begin? I mean, you got to understand something. When I interview somebody like you, this happens when I talk to pat Boone. Like whatever it is that we're supposed to be talking about, the history that you have. I mean, I want to tell my audience, you know, or knew if they've passed into heaven, some of the spiritual giants of our time, including your best friend for 40 years, David wilkerson. Can you believe that? Yeah. And we were nazarenes. We didn't know from nothing about the move of the Holy Spirit, anything like that. We moved from passing to California and Ezra in church. To Irvine, California, there was a nazarene church down in Orange County where he had to find a church who were hungry for a year, became church buns for a year. God let us into some reason church had we known recently to guide church we would not have gone there because they got that speaking tank saying I knew that was the devil. That kooky stuff. Who needs that stuff? And we walked in so hungry and all of a sudden God just confirmed he walked through the door. We sat there and we were just flooded with the spirit of the lord ministering just we soaked it up at the end of that service. We were introduced to Gwen wilkerson, David wilkerson's wife. What year was this? That was 19 that was September of 1970. Wow. Taking back 50 to 53 years. We met Dave a couple weeks later. We became friends and then for the next 40 years, we traveled with them all over the world, crusades everywhere, I got to tell you for a guy had never seen the move of the Holy Spirit and then being with this prophet who just he was the same off cameras on and he just this godly man. He just poured into my life and we shared it and I think it was a novelty to him is I didn't need anything from him. I didn't even know who he was at the time. Well, that can be refreshing to somebody like that because he was already so famous by then because of the cross and the switchblade. Yeah. But you know, and you know this, but if my audience forgot. I mean, I start going to Times Square church in 1990. So I first encountered David wilkerson in 1990. And he is this fiery prophet of God, I met my wife Suzanne at Times Square church. Yes. And I have preached a number of times now at Times Square church. And I always say this is the Times Square church just for the cheap laugh. I say, I said, I want you to know, my history with this church, I get the history of times courage, and I said, and I met my wife, Suzanne, right here at this church. In fact, I met all three of my wife right here at Times Square. That's a joke. That's a joke. But my history with times quicker, Suzanne's history, and then to meet you who were part of bringing time church Times Square church into existence. Yeah, yeah. We had a realtor walked around in the late 80s. Broadway was in the tank. And a lot of Broadway theaters were closed, including the Mark hollinger, which is the flagship of the Broadway theaters. And the realtor took David and I into that church and we walked in front of the platform and we looked up at the gilded ceilings and we felt like a couple of farm boys and girls you know and we walked out of 51st street and we said yeah that would be that probably a little bit more than we're going to get. Dave always prayed as you well know every day he prayed two or three hours. He was the definition of prayer warrior. Like his whole life just makes you feel guilty about your prayer life. So he went and prayed. Every night he would pray two or three hours if we were out till midnight. We would be going to bed. We know Dave was going to pray. And that night he prayed as per usual. The next word you call it was so excited. He says, guess what? I said, what? He says, Mark allender. That's going to be Times Square church. I said, wait a minute. What? He says, God told me he's going to pay for it. He ended up paying cash for it. When you were a day workers and you see how he moved in the spirit, it just transformed. This is the point is that when I encountered that, I thought, this is normative Christianity. This is really terrific. And then once you move beyond the David wilkerson or times critics, where you start realizing, there's a lot of people in the evangelical world. They've never even begun to experience the stuff. I'm talking to Barry Maguire, the book is ignite your life, defeat fear with effortless faith, brand new book. We're going to get into that. We'll be right back. Get ready for a riveting new documentary called come out in Jesus name in theaters nationwide, march 13th..
"barry" Discussed on The Eric Metaxas Show
"I put it on Instagram. If you follow me on Instagram, you saw I had video on there and stuff. But the key is that right now, while we're talking, we're going to have my friend Barry on. We're going to talk about his book, and he's got stories and oh my gosh. But while we're talking, malachi is running right now, he's running his 152nd marathon while we're talking. Yes. If he finishes it in time, he's going to end up here at the studio, running here, maybe we'll get some makeup on him. And I will interview him today in our two, I can't wait to do that. It's the whole thing is hard for me to believe that I did that yet. Personally, that I did that yesterday, but then I'm thinking about that's nothing Amir to him. He's running 26.2 every single day. Like if somebody said today, okay, Eric, let's do it again. I'd be like, what are you insane? My legs are like chopped me. I don't know how that's amazing. So yeah. You wrote down a time there. Well, the time this just goes to show you that normally when I run, I'm running at like a 7 30 pace, but this was like for endurance, like how far can we go. So sometimes you have to slow down and walk. We actually stopped a couple of points because there was a lot of Bond hoffer sites that I know about in upper theological somebody. That's right. So I was kind of giving him a tour at certain points. And then we run again and whatever that is, because I just, I didn't want to die. So but I want to say that anyway, we're going to have in a couple of minutes we got my friend Barry McGuire coming on. His book is very exciting. And he's got you'll see. There's nobody like my friend Barry, and he will be here today today. I didn't think it was going to be today, but it's going to be today. But we're not going to get through it today. So we're going to do a part one with buried today, and we're going to run a part two probably on Monday or Tuesday because he's got stories to tell. And if you've ever published your car, you know who Barry Maguire is. Very Maguire it's Maguire's. I mean, we're going to talk about it. But his book is called ignite your life. The fear feat with effortless faith. He's the real deal. I can not wait. Yes. So that's in a couple of minutes. Now, before we forget, we need to mention, we're doing a fundraiser for food for the poor. So before we bring baryon, I've got to tell you, we do this every year around this time. We work with food for the poor. This is a Christian organization that spreads the love of God by feeding the hungry. Now imagine being hungry, imagine having kids, and you can't feed them. Most of us can not imagine this, but in our own hemisphere, not far from our shores, in places like Guatemala, or as I call it Guatemala. There are people actually Guatemala, which is not far from us, has one of the highest rates of child malnutrition. Think about this. Half of the children are 5, suffer from chronic malnutrition. Food for the poor is there. I mean, in some rural communities, I'm looking at these notes. That rate children under 5 suffering from chronic malnutrition is as high as 80%. So that's the bad news. The good news is we can do something about it. So I want to play a clip, do we have a clip? We play that clip. Here we go. Right now they are hungry. They want food and we don't have enough to get to the whole week. It made me feel sad. Sometimes I get in my room by myself and I cry. I wonder how can I make their life better in order to give them food?.
"barry" Discussed on The Eric Metaxas Show
"Tegra and medicated shampoo. Holy cow, I did it again. You did it. I did it again. Again, I kind of makes me wonder, do people out there listening suffer from eczema seborrhea, psoriasis? Because if you do, there's nothing I can do about it. I don't know anything about those subjects. And I resent the fact that you would push me to talk on issues, medical issues. I just don't know about that stuff. You know, I got it real quick in the last segment. You said, God, are you there? And I thought the response would be, who's asking? That's his question, always. Who's asking you are? No, listen, okay. We've got a couple of important things to say. Important things to say. First thing I'm going to say again today is the official launch of the paperback version of my book fish out of water, a search for the meaning of life. The cover is so happy looking. I defy you not to almost smile when you see the cover. The new cover. The old cover was my dad in front of the Statue of Liberty, taken by my mom when they were dating in 1957. My dad's the hero of the book. But that's another story, okay? Albin. Yeah, I've got to tell you, I keep getting notes from friends on email. Saying, Eric, I'm hearing from you on Instagram like asking for money or to invest in Bitcoin or something like that. And I sent out an email today to everybody on my list, soccer, not the Socrates list. The regular list Eric from Texas dot com saying ladies and gentlemen, my Instagram has been hacked or to put it another way that's actually not true. When you achieve a certain level, like if you get a certain number of followers, there are people out there who know that if you have that many followers, you're not best friends with all those followers so they can come in there and pretend to be you and ask for money or lure them into a if you ever hear from me on Twitter or on Instagram, it's not me because I never, ever communicate that way. So there are people impersonating me on Instagram. If you had subscribed to my newsletter, today you would have got an email linking you to my actual Instagram account. And part of the reason I wanted to bring up my Instagram account, helping. Yes. Is because and by the way, if Eric is asking for money, he does it in person. Yeah, I do it. I'm gonna do it in person. He does it to me. Like, I'm not sure right now. Help me out. But it's him. I mean, but the fact that this is happening to me now, the people are actually doing this. Okay, but so what did I do yesterday? Yes. All right. In a few minutes, we're going to have my friend Barry Maguire on as my guest on this program. Part of what I did yesterday was at dinner with Barry Maguire. And Suzanne, and my friend malachi O'Brien. And malachi, I hope, is going to be here in hour two. If he makes it. Now, what do I mean by this? Malachi O'Brien, my friend, is today running his 152nd consecutive marathon. The world record was a 104 that's a marathon a day. He blew past that quite some time ago and he said, I think I'd like to run my last marathons in New York City with you, Eric. Now, I can't run a marathon, but the point is to be here to come on the program, so yesterday, which is supposed to be my day off, my Sabbath rest, I thought, why don't I run with him for part of his thing? So I did some radio with you, Albin. And then I put on my running stuff and blew out the door to meet malachi, who had already run four point something miles or something like that. Anyway, if you follow me on Instagram, you will see that yesterday. I ran 22 miles. Wow. And I've never done anything like that before. I mean, I've run 15 and change at one point a few years ago. But malachi is running at obviously a slower pace because this is brutal. So I said, I'll just join him and I'll see how far we can go. And my idea because he's not from New York. He's like, well, where do you run in New York? And I said, well, if I had a long distance to go, how about if we run to New Jersey? So we ran through Central Park along the saint Nicholas avenue, which takes you diagonally up, up, up, up, up, up, up, through Harlem, you get into the one 70s in Harlem, and there's the bike path for the George Washington bridge. I posted photos on Instagram. I think there's some on Twitter. And we ran across the George Washington bridge into New Jersey ladies and gentlemen, and to the other state. Known as New Jersey, running across the George Washington bridge was so exhilarating is so nuts. The Hudson, they talk about the mighty Hudson. Yeah. It is so huge. It is so huge. So you're up above it on a bridge built in 1932. Or actually 31, and it was incredible. So we got to the other side. We ran around a little bit, and we ran back, and then we began to run south, and by the time it was all over, I had run 22 miles. And I just want to tell you, I'm sore, I'm sore, but that's what I did yesterday..
"barry" Discussed on The Eric Metaxas Show
"Anyway, today's the day. Today's the day and by the way, people should sign up, they should go to rumble, but they should sign up for the newsletter because in the newsletter every week they're going to see this video so you can see the book. You can see the socks. You can see Eric, you can see me. You can see everybody. Have we ever told people to sign up for the newsletter? Never. You go to Eric metaxas dot com. Can you hear the bitterness in my voice, ladies and gentlemen? It's usually my Friends. Like I bump into friends and relatives. And I go to get the newsletter, and they get this glazed look. I don't know. I think, I don't know. That would be a no. You don't. Listen, we are doing some interviews and some things and putting out some information. People often write to us, oh, I didn't know you were going to be in my town. If only I would have known, well, it's in the newsletter folks. We're trying to do the best I can. Look, I'm so happy about these socks. I knew you would. And about the cover of the paperback version of fish out of water. Yeah. That I'm just going to say, we're going to forgive those people that aren't on the newsletter. But there's so much else to say. I hope today that my first guest is Barry McGuire. The dear friend who has a book out. He's got stories to tell. You can't believe it. In our two malachi. Okay, so I have to keep going here. So first of all, all right, this book is launching. Now let me just say this. The book is a literary memoir. It's not a Christian book, okay? And by the way, the whole idea of Christian book, that's like a non sequitur. Like whatever is good and true and beautiful points to the God of the Bible, whether it says explicitly or not. So if you have a religious view of things, I just want to say, I don't. This is a book of my spiritual journey, even at the points that it was not a spiritual journey. It was a staggering around blindfolded, which guess what? That is a spiritual journey because many of us have found God in that way through sin and brokenness and confusion and depression and whatever and in your desperation you say, God, are you there? And then God reveals himself. So this book I really wrote in a way for people of faith to give to people who are not quite there, who need an encouragement that maybe this is true, maybe God is real. So in a funny way, that's why it's particularly literary memoir, fish out of water, search for the meaning of life. Not a search for God, because I wasn't searching for God. I was searching for the meaning of life. And guess what? The meaning of life turns out to be the God of the Bible, Lou died for us who loves us. It's a great story. Okay, I mean, I'm talking about the God story, not my story. I hope my story's good. But so we're going to go to a break. When we come back from the break, I'm going to tell you what I did yesterday. Many people won't believe it. Alvin, you don't even know. I don't even know. And I'm going to tell you about my Instagram was hacked. We'll be right back. Yeah, fill it to the rim with brim. In case you haven't been paying attention, the Biden administration has caused a financial crisis, and they have no clue how to fix it. Oil prices have skyrocketed and when oil prices go up, the cost of transportation and shipping spikes leaving the prices of goods to rise. And when we're already seeing record inflation, that's the last thing we need. Our economy is in trouble and you need to take steps to protect yourself. If all your money is tied up in stocks, bonds and traditional markets, you are vulnerable. Gold is one of the best ways to protect your retirement. No matter what happens, you own your gold. It is real, it is physical, it's always been valuable since the dawn of time, legacy precious metals is the company I trust for investing in gold. They can help you roll your retirement account into a gold backed IRA where you still own the physical gold. They can also ship gold and precious metals safely and securely to your house called legacy at 8 6 6 5 two 8 1903 or visit them online at legacy p.m. investments dot com..
"barry" Discussed on The Paul Finebaum Show
"But anyway, I'm just calling to ask you to make some comments about Georgia football. I find it funny that everybody's hating on George because they're winning now and hell they hadn't won anything since Herschel and buck blue and Terry hogue and all of them were there. Now it seems like they're new Alabama. Everybody's hating on because they want back to back. I just wanted to ask you your honest opinion. Once you thought about Georgia three Peyton with especially with them having Bobo now as a new offense a coordinator and do we even know who the quarterback's going to be, sir. We don't. Most people think it will be Carson Beck. It's a logical guess, but that may have been, that would have been a good guess a year or two ago. Georgia will be the favor. That's what we know. We haven't been down this road before. It's never happened. Alabama was the last school I believe. It had a legitimate shot in 2013. They were number one. They were number one until the 12th game of the year. When they lost on the kick 6. So they came, they made a legitimate run at a three P, but nobody has done it since. Jeff is in Missouri. Hey Jeff, you're on the air. Go right ahead. Hey, Paul, thanks for taking my call. I'm just calling about Barry switcher. I think he was a legend. I just don't understand a couple of the callers, like the one from St. Louis, doggone, and you know, yeah, he's in his 80 years old or whatever. I mean, he's going to maybe they still remember a couple, few things, you know? And then plus, the other guy called and said, he got spanked by Miami three or four times? Well, what do you do? Look what Saban has done. I mean, he's lost game from everybody who loses games. They're not perfect. I just think, I think Barry is one of those coaches that, you know, because he's such a straight shooter, he will rub some people the wrong way, but listen, I don't care whether people liked him or not. I thought he was a phenomenal guest. And whether his memory is perfect in his 80s of something that happened 50 years ago, whose is. And we'll take a break. And we are
"barry" Discussed on Awards Chatter
"Impersonating the likes of Alan Alda, James carville and Vincent Price, and originating memorable characters like weekend updates city correspondent Stefan. Then, in 2018, he reemerged as the co creator with Alec Berg and producer writer, director and star of the massively acclaimed HBO comedy series Barry on which he plays a tortured veteran of the war in Afghanistan who now splits his time between working as a hitman and trying to find work as an actor. A 20 time Emmy nominee twice nominated for his work on SNL in the best supporting actor in a comedy series category for which no other member of the show's cast had been nominated in 29 years, he already has three wins to his name. Two for best actor in a comedy series for the first two seasons of Barry. The great, Bill Hader. Over the course of our conversation, the 44 year old and I discussed how he was saved from a string of shitty starter jobs and brought to the attention of Lorne Michaels by Will & Grace star Megan mullally. Why he was never really able to enjoy his time on SNL and how, after leaving the show, a part in the 2014 indie film the skeleton twins led to Barry, whether three seasons into Barry, he still regards the show as a comedy rather than a drama. Plus much more. And so without further ado, let's go to that conversation. Bill, thanks so much for joining song podcast, great to have you. And on this podcast we always begin truly at the beginning. Would you mind
"barry" Discussed on Fresh Perspective
"It's not. And with not a number is never going to come on now that we think Barry's a hot shot. Why edit it out? Yeah. You guys never heard this. Mariah, we're not attracted to your dad when he was our age. I thought their wedding photos were really cute though. Yeah, I think so too. They were both cuties. Yeah, I thought so too. Yeah, the whole divorce thing, though, was just so strange. With the cameras were there when Kim went to sleep on the couch, I was like, what? What are they getting out of showing this? And is this completely scripted? I know. I also, part of me thinks yes, or at least, you know, like, hey, Ken, go make a bet on the couch. For B roll. So we can throw it in there. Right. And but another part of me, unless Lydia is the best actress of the plaque family. And has been, has figured out how to crown Q, which she may have. She may have, but I don't know. I think her emotions are too real for that. Because she did cry and she was like, I've noticed something between my parents and I don't talk to my mom as much anymore. And I miss those chats, which that was really sad. She also said she saw her dad cry, right? Well, in that there was like the little clip of, I was kind of confused on how this came up or how they got to this point, but there was a point when Barry had all the little girls like Lydia and maybe Isaac, but I can't remember. Together and was like, yes, there's strife between the two of us, but that doesn't mean I love you in elastic that doesn't mean she loves you any less. It's just rough right now, basically. And I wonder if he cried a little bit or like maybe off camera or like down to the side or something or if Lydia was just really like feeling some type of way about this and thought she's on cry, I don't know. But you did it. You didn't see it here. I did not see it here. Debunked lidia's liar. So I don't know, but that's true if he did cry about this. I do know it would never bounce hard if my dad did that now at this point. If you're being together for so long yeah, I know. And like these kids don't have the exposure outside of their house to really never seen someone get divorced. Or separate or anything. That's a little bit, it's more commonplace, but they probably don't know that. It's upsetting things little girls. But I'm just kind of curious if they are like, why are they airing it out to the extent that they.
"barry" Discussed on Doin it! with Danny and Jenny
"In Wichita too. There's a big fly in oh really? First of all, is that airport is that Eisenhower airport? Or am I making that up? You might be making that up big time. Yeah. But both of you wrong when I'm there. You'll see. Yeah, so I've got that Danny, what about you? I have nothing to promote. I mean, I'm working on animations of premiering for another year, so house broken. You can see the first season on Hulu. The first season on Hulu. And then I've got some amazing pilots that are absolutely going to get on the air because that's what happens. And then, you know, we have a little thing too that we might. We have a thing, yes. Yeah. That will be all right. Well, there will set the world on fire once again. I imagine it will, right? Well, brace yourselves, guys. We're about to take the game. But thank you, Todd. Thanks for having me. I've been really appreciative. Very, very funny. When will this air? Die? Guy? Tell us. I'm gonna try to edit this for this evening, actually. Oh my God, so guys, what you're about to hear, it's now. Well, thanks for doing it nation. And bye..
"barry" Discussed on G&Q Review
"Oh yeah that would never happen. It was like straight drama in that aspect. Right where it's just like fallen this dude and yet it's real interesting because like it's a period piece you're like I mean very peace in general. It's just not simple things you don't expect because you you've never lived it right so it's just like interesting to watch. It's kinda like reading history book or something. Like oh yeah. Let's make sense. I never would have thought highlighted things but as cool. It just keeps going. It was like a greek tragedy or hear a story in a sense. Where the you know this narrator. Who's telling you what's going to happen before it does happen. And that's okay in. Its you kind of just follow this. It sounds kinda simple and dumb when you just talk about it. You're like yeah you follow this guy around a lot of things happen to one and he doesn't really show any emotion and i think i was reading some reviews and one line that stuck out where he the main character the barry lyndon or israel read red some red wind one of them but the quote was he is a man to whom things happen like. He's not a soldier. He's not a lover but all of these things are just. He plays the part. He's like an actor who's acting as an actor. So was interesting redmond. Barry yeah send little twerk kid always call them. Redmond bury the funniest kid thing to him as a man. It looks like he's groveling on the floor like while they're a magician for brian's birthday or okay and he's just like moms yeah that's him becoming a bed. He's just like synagogue. The floor love you. I thought i thought you were going to mention his little brother so they kind of started off. I was laughing my ass off when he was making noise in the in the testing room ryan stuck making noise in that like five times and and he had the scene where he's like walking around with the with the shoes that never ends.
"barry" Discussed on A New Direction
"When i got into the medical imaging field in medical imaging anxiety really is a problem because you know the tech knows what's going on and say how's it. Look at least i do. Many of us do is look. I was going to be okay. Hey live whatever it is right and say well your doctoral. Talk to you about that. I mean man you know what it is. I'm not allowed to tell you. Why would you have to tell me because liabilities that but if it's doctor they can so why make people wheat four or five days to speak to the doctor. Doctor y give them the anxiety. So what i did was made a radiologist right on sites. By the time you got dressed. It was great news. You knew right away. It wasn't the best news. You know what you had got a plan. And that was better than the anxiety. So all those businesses achieved exponential growth. Simply because what. I did was alleviated points of friction in all of those. And it's every business in everything you do. If you see a point of friction you alleviated. You'll be the beneficiary of exponential growth. We've got only a couple minutes left here. But i wanna just before i have you give us our new direction. I wanna have you talk just a minute about falling in love with your business because you do make a really big point. That would ever business. We're in we need to fall in love with it. Talk about that real quickly. Yeah you know You know so if you falling in love feels like i think we all do in now. It's it's it's consuming. It's wonderful and if you if you hate your business is wrong. It's just like relationship with somebody you know when you're in love you're happier when you're you feel that special feeling It makes you want to be better. Doesn't it know at least it is for me. I know i wanna be a better man or the woman. I love right right so a it's important and if you love your business then you always wanna make it better right than you. You admire you care about what other people think. You're proud So whatever you're doing if you're not in love with your business my suggestion to you would be fall in love with the business. Find something that you can fall in love with and really care about it in that way or maybe it's time to think about what other possibilities are out there that you could fall in love with the promise you this. If you're in love with your business you not working day in your life you may be doing difficult tasks. You may be setting big goals. That require a lot of effort in energy. But you're not working. You're you're doing business in your achieving goals in your moving forward. In a way that will make you proud and fulfillment. I was going to ask you for more can ask you anymore. Because that is the perfect place to end the show because that is brilliant. You're right if we don't fall in love with their business. It's not gonna fall in love with us and it's beautiful. His name's barry habib the books titled money in the streets. I told you he was going to be awesome. And he was holy cow folks in what you control of two things at all times regardless of your circumstances your attitude and your effort right all the time. Take advantage of that. You can change it if you want to..