40 Burst results for "Carlos"
A highlight from Bitcoin Bull Market & Beginner Q&A with Tone Vays, D++, and Ant - November 14th, 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 Dancic, and we're excited to announce that we're bringing the Cafe Bitcoin conversation from 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, Lynn Alden, Corey Clifston, Greg Foss, Tomer Strohleit, and many others in the Bitcoin space. Also be sure to hit that subscribe button. Make sure you get notifications when we launch a new episode. You can join us live on Twitter Spaces Monday through Friday, starting at 7 a .m. Pacific and 10 a .m. Eastern every morning to become part of the conversation yourself. Thanks again. We look forward to bringing you the best Bitcoin content daily here on the Cafe Bitcoin Podcast. Good morning. What is up, you Cafe Bitcoiners? What up? Hey, Alex, can you hear me? Yeah, man. Damn, the service is amazing. It's fantastic. I was going to have you co -host today, but if you have terrible interwebs, then we'll have to do it again a different time. Yeah, I'm sitting solid right now, but it's my last day in El Salvador, so it's touch and go, but it feels good right now. It feels real good. I people hear laughing and enjoying themselves in the background. Man. Yeah, that's Blake just got out of the surf, and now the homie Paul's taking my fish out, got a session in. I mean, this place is next level, but don't come here, the surf sucks. How you been, man? How's everyone doing? I know I've been off for a little bit, but keeping track of everything and saw that the SEC got dealt another, what looks like a little legal blow. Their legal department is, are they even batting 500 at this point? I don't know. I didn't hear anything. What are you talking about there? I thought I read some about Binance getting granted a confidentiality ruling that basically blocked a bunch of information from the grasp of the SEC for clients. I don't know. I just headlined Reddit, so don't quote me. Didn't dig a lot into it, but saw that that had occurred. Yeah, I didn't hear that. It would suck to be Gary Gunzler right now. Yeah, dude. They're sporting like city attorney type numbers, just getting mopped up, but I don't know. What do you mean? I'm sure he's gotten a job offer for BlackRock. He's sitting pretty. Oh, that's a good point, actually. Anybody want to take odds on Peter's thought there? I think Peter's probably right. I would say the likelihood of that is probably fairly high. That's a hell of a trifecta there. You should take that with Joe Carlos, sorry, Peter, like a ETF still within 2023 on top of a BlackRock job acceptance from Gensler thing. It's got to be like a hundred to one. Yeah, the theta on that is pretty high right now, so no. Yeah, that's like Buster Douglas numbers. It's wild. You know, we were joking in here the other day. Joe came in and we were talking a little bit about the ETFs and Joe was like, I don't understand why we're not seeing an ETF where you can see the actual addresses for the ETF you can verify on chain and then you have redemption directly to shareholders from the trust. And I was joking. I was like, man, somebody is going to do it. We should do it. Me and you, Joe. Let's do this thing. So people were tweeting at me like, is Swan going to do an ETF now? And it's like, dude, I was totally freaking joking about that. That's classic. Where's American HODL this morning? He was caffeinated up on fire yesterday. Dude, he was cracking me up and that guy is funny as hell. I was trying to hack a coconut up in El Salvador and I almost chopped my pinky off. Mickey Koss, good morning, Shelly. Good morning, Terrence. Good morning. Good morning. Good morning. So we're going to have a pretty chill day today. We're going to be doing some beginners Q &A. We have a couple of news items to discuss. There's a lot of Bitcoin mining rigs getting plugged in apparently. Also, we're going to revisit. It's fun to, you know, the Internet's an amazing thing. You can come back and revisit stupid shit people said about Bitcoin. You know, Bitcoin is dying. This is dying. That's dying. Bitcoin is going to boil the oceans, all that. There's some interesting comments from Dave Ramsey that we're going to bring back up. Apparently, the central bank over in England wants all systemically important stablecoin firms to back their issuance with non -interest bearing central bank deposits. I mean, that's like a full on lizard move, in my opinion. We'll discuss that a little more too. But yeah. All right. Let's do the intro to the show. You're listening to Cafe Bitcoin. Welcome to Cafe Bitcoin. This is episode 476. Shout -outs to supporters on Fountain Nosterness. Our mission for the show is to provide signal in a sea of noise, teaching the other seven billion people on this planet why there is hope because of this bright orange future that we call Bitcoin. Today is November the 14th, Tuesday, 2023. Man, we're on our way to the next halving. It's coming up. Where's Ant when I need him? Here he comes. Yeah, man. I think, Ant, I'm going to just like lead off right with you if you're ready. I don't know if you can hear me right now, but we should start with some stats. Let's get some orientation. We haven't done stats in a long time. So let's begin with the stats and get an idea of where we are. Ant, are you there? Are you ready? Yeah, I got some stats. I got time chain stats up right here. Let's go. Taco, talk to us about this impenetrable freedom force field. What's it at? Current USD price, $36 ,587. We are at block height, $816 ,745. Current hash rate, seven -day moving average is around 435 exahash per second. Let's see, mempool transaction is still full a little bit. We got $211 ,000 climbing. The fastest fee right now is around 79 sats per v -byte. Good news, we got 161 days about to the halving, and we are currently up 25 % on the 200 -day And right now, let's see, sats per fiat dollar, is that how you say it? It's 2 ,732 sats per dollar right now. The last block was found by Antpool, and the total subsidy and fees was just over 7 Bitcoin. And I think it was around 10 % of that block was fees, so very interesting. We're 88 % into the halving. $23 ,254, we just hit a block. Block's left. And that's pretty much it for now. I think that's it. Sats per dollar. You can buy 2 ,734 sats per dollar. I didn't hear you if you said that, so I'm just saying it. That's okay, it moved. Technically two different data points. And we have also, there is also 93 .05 % of the total supply of Bitcoin that will ever be mined in the history of mankind has already been mined and distributed. So you might want to get some just in case this thing catches on a little bit. Hey, Ant, if you're in a stable situation, let's get you up as a co -host, my man. Okay, I'm going to switch networks. Okay, you let us know when you're ready. D++, good morning. Thank you for joining us. I know it's super early for you over there on the West Coast. Good morning. I have a huge smile on my face because I'm actually driving over to Club Lab here in Austin, and I feel like I just got the weather report. I felt like I was experiencing the future in real time for a minute there, hearing all of the stats on what Bitcoin's up to. I want that every morning. It's so good. Isn't it cool? You know, to me, it's like an orientation thing. It's useful to know where you are to figure out where you're going. You have to know where you are to figure out where you're going or how you're going to get to where you're going. But it's also really useful because when I started hearing stats like this when I was a newbie Bitcoiner, I didn't know what they meant. I was like, you guys are saying all these words that I don't know the meaning to. And it caused me to look them up, which forced me to learn about it, which was awesome. Also, 435 ExaHash is crazy. Last I checked, it was 420. And it's just so crazy to me how the hash has completely decoupled from the price. I mean, going on for probably a couple of years now, ever since we left China, it's just wild. But the big news for me today is I am driving to PlubLab. As you guys know, it's the Bitcoin startup accelerator and community accelerator in Austin. You have to come through if you're ever in town. And what I'm so excited about is I am enrolled in Nifty Lisa Nye's Taproot class. So I'm taking her Taproot class. She's pretty much one of the only people on the planet that can teach it because what we're doing is we're taking the spec, which is to say the BIPs, and we're implementing them, which is to say we're creating our own library that makes Taproot happen. And she's one of the only people that can really do this because she's one of the only people who can translate from the BIPs into the code because there are certain things that are kind of missing or glossed over. Obviously, it's all in there, right? But it's pretty hard to take the BIP and to just translate it into creating your own Bitcoin library. So it's so fun. It's very challenging. Definitely, this class is for experts only. But if you ever wanted to learn how Taproot works, I highly recommend taking her base 58 class.
Fresh update on "carlos" discussed on Stephanie Miller
"Don't The beginning of my story. The beginning of my speech was edited, cut out. I didn't know about it and I want to read it. Thank you for that. It was thank you. History isn't history anymore. Truth is not truth. Even facts are being replaced by alternative facts and driven by conspiracy theories and ugliness. Hmm Robert De Niro one day late for Carlos. I know I want to hear the nose whistle. You, you mother, you mother, you. Okay. In Florida, young students are taught that slaves develop skills which could be applied for their personal benefit. The entertainment industry isn't immune to this festering disease. The Duke John Wayne famously said of Native Americans, I don't feel we did wrong in taking this great country away from them. There were great numbers of people who needed new land and the Indians were selfishly trying to keep it for themselves. Oh, man. Okay. One lying has become just another tool in the charlatans arsenal. The former president lied to us more than 30 ,000 times during his four. Thank you. Years in office and he's keeping up the pace in his current campaign of retribution. But with all his lies, he can't hide his soul. He attacks the weak, destroys the gifts of nature and shows disrespect, for example, by using Pocahontas as a slur. Filmmakers, on the other hand, strive. This is where I came in and I saw that they edited all that. Yeah. Yeah. Wow. Robert De Niro, do not don't don't you don't. Okay. I will. are You mother, you OK? Hey, speaking about spoken heroes by a wild pack of Jews, here's Dana for the Top 5 Funniest Wednesdays in America.
A highlight from How Carmen Perez Became a Forward-Thinker
"Ladies, gentlemen, welcome to the colorful world of Skittles. Skittles brings you a jolt of five fruity flavors in every bite, giving you the chance to taste the rainbow like never before. Break free from the ordinary day to day with the help of Skittles chewy candy. Skittles is a must in my candy jar, movie snack, even my secret to an afternoon pick me up. And I don't even care who knows it. Add a splash of joy to your day with Skittles. There's nothing better than fruity fun that tickles your taste buds. Taste the rainbow. How do we reimagine our society as a place where we all feel safe? That question is at the heart of Carmen Perez's work as a civil rights activist, including roles as president and CEO of the Gathering for Justice, movement to end racial inequities in the justice system, and co -chair of the Women's March. Carmen shares the importance of learning from our elders, specifically the lessons she learned from more than 20 years working alongside Harry Belafonte, the life -changing loss that shapes her pursuit of justice and of joy, and what happens when a person who prides herself on her strength learns to lean into her softness. Carmen, thank you for doing this. Well, thank you for having me, Alicia. It's been quite some time, so I'm happy we're able to have a conversation today. Carmen, your sense of justice is what frames your entire life and your entire work. And so I think it's really important that we begin with the origin story of how that sense of justice was developed, which was not in a classroom, though you would later go on to cultivate this sense in a classroom. It's really in your own life, in one of the most trying moments of your life, that this lesson is crystallized. Absolutely. I grew up in a Chicano, Mexican -American family, and I grew up in Oxnard, which was right outside of Los Angeles. And we, at a very early age, learned how to navigate the things we were experiencing, sexual trauma, domestic violence, alcoholism, gang violence, police surveillance. That was something that we learned very young. And luckily, I played basketball, I played ball from the age of five all the way to college. I ran track, played volleyball or showed up to volleyball games, I like to say, and played softball all year round. And so that kind of became my therapy. I remember my coach, I would come to practice experiencing something traumatic and my coach would be like, run it off Perez. I just didn't know that the family that I loved and the family that I was a part of were generations involved in gangs or involved in incarceration. I had a brother, Carlos, who was just such a good guy and would get stopped by police just being profiled. And there was an incident that happened in my formative years. I was coming out of a basketball game and he gave me and all my little friends a ride. We were wearing our basketball uniforms and they happened to be red, the colors of the school, and we were stopped by police at gunpoint. And it wasn't until recently that I began to realize, wow, I've been impacted by police violence. It wasn't anything that I thought was abnormal. It was the way of life in Oxnard, California. We always had police contact. There was a lot that we experienced, a lot that I witnessed. And I think all of that then manifested in itself when I lost my sister, Patricia. She was killed right before our birthdays. Her and I were one day apart in two years. She's two years older than me. She was buried on my 17th birthday. And so from that moment as a little girl, I knew I wanted to change the world. It was so weird, even though I had experienced all this trauma and didn't know it was trauma or experienced injustice, didn't know it was injustice. I used to say I wanted to change the world. And the catalyst for me stepping into that power was really when I lost Patricia. When Patricia passed away, I felt like a piece of me died and I had to bury parts of me. I buried my art. I used to write poetry and dance hip hop and pretend I was Eazy -E and I used to love to rap. And I put that all away. I really felt like I buried my joy. I didn't want to live my life feeling like I could experience joy without her. But I remember thinking like I had life and I had to live life for her and I had to live life because she didn't have it anymore. And so everything that I did was in memory of her. I want to put a pin in your personal story and ask about your theory of change. When you imagine justice in this country, what is that holistic vision of what the alternative is? imagination For me, it's really about feeling safe. You know, when I think about law enforcement and my husband, J. Jordan, says this often, we don't have a public safety response system right now. We have a crime response system. So police respond to crime. They don't respond in a way that is safe for communities. And I believe that our communities actually could do better if they're well resourced in order to have what they need to thrive. Quality education, quality health care, rec centers, all these different things is what really makes a thriving economic mobility jobs make a community thrive. When I think about the work that I try to spread in the world is not the absence of violence, but it's the presence of love and justice, right? Making sure that our communities aren't being harmed, that our people aren't being harmed and that we actually value each other. And so for me, this fight around police accountability is now larger than just seeking justice for a family member or loved ones.
Fresh update on "carlos" discussed on Stephanie Miller
"Absolutely. I'm down with it. It's whether people are going to lose their minds. Like, you know, we're all this talk about all these Muslims are saying they're never vote with Joe Biden now because of the Middle East. I'm like, you're going to guy that Islamophobia guy that that's the insanity, right? Like, because we've all these become people who work in a binary. And it's like you have to get out of the binary. not It's either or it's what is best for all of us. That's what you have to look at. And at the end of the day and my heart goes out to all of the people who have family over in Palestine and family over in Israel and everything that happened. Everything that's going on over there is terrible. I don't want to sound like I'm diminishing it, but we have been talking about peace in the Middle East since I was a toddler. You know, so this has been going on for decades and therefore to become a one issue voter around it now just because you're aware of it, just because you see it. That's not the most intelligent way to spend your vote. I'm not saying that you're wrong and I'm not saying that your feelings about it are wrong. What I'm saying is your feelings are blocking you from understanding the real issue and how to really help people the you want to help. You're not going to be able to help them if, and not again, it's not just Donald Trump. It's entire the GOP because they have all moved further to him than the Republicans of old. When he first took office, I ignorantly thought that he was just going to be a puppet for the GOP. I did not think that the GOP was going to bend over and allow him to run ramshod over our entire government. That's what he did. In four years, he taken has away all of the stop gaps that we had against fascism, against authoritarianism, and now it's a free for all. So we can't trust any of these people who support him or go to Mar -a -Lago and kiss his ring and all that thing. It's a mess now. We have to be smart. It's not hyperbole at this point saying we're choosing literally between the end of our democracy and fascism. That's exactly right. Yeah, and this is why your kind of voice is so needed. Like, we've, Carlos Elsrocki is our other, you know, is our brilliant comedian, Wednesday regular. And he talks about like, sit down in the lifeboat. Same way you're talking about these third party voters. Sit down in the lifeboat. You're going to kill us all. That's right. Our friends Frangela talk about, you know, I'm going to black mama for dinner this. Biden, it's what's for dinner. I think, you might know, you want a happy meal. You're getting Biden. It's what's right. You got to buy it at home, baby. We don't have McDonald's I mean, we don't have third party money. We have McDonald's. No, that's for when democracy is safe and secure off of the edge of the cliff. Then you can vote for whomever you want in the unicorn party and all these things. But until we get to a point where we are stabilized, we have to use our vote. Smart. We have to be intelligent about it. And feelings, you know, feeling feelings are not real. Feelings are not fact. You know, they're valid. And I should. So I take that back. Feelings are real and feelings are valid, but they are not fact. Yeah. And when you operate in fact and when you operate in numbers, your only choice, unfortunately, nobody likes it. Nobody likes it. But your only choice is to vote for the big D Democrats right now until we get our freedoms and our Constitution protected again so that you can exercise your freedoms in 2028 and beyond. Well, you know, when we played your bit about, you know, this is just people voting third party. It's just like, chaos oh, is fun, you know, tearing stuff down. Chaos outsiders, you know, it's like a Gallagher concert. You go, what's your plan after you smash the watermelon into sitting on the front row covered in watermelon? What are you gonna do then when the GOP is shipping you off back to whatever Muslim country they thought you came from? You know, what are you gonna do when? And this is a very real fear of mine. And I hate to talk about it a lot because, you know, people are like, that's fear mongering. But to me, there's a difference between fear mongering and being real. And everybody should know by now that slavery is still legal in our constitution. country's The 13th amendment says you can put someone into slavery if they commit a crime. Well, the speaker of the house right now, Mike Johnson, used to be a spokesperson for an organization that wanted to criminalize being LGBTQIA in this country. You know how it's illegal in some countries to be part of the LGBTQIA community. Mike Johnson was part of an organization that wanted to criminalize that here. So just think about that for a second. Yeah. If they bring a bill to the organization that wanted They bring a bill to the floor that criminalizes the LGBTQIA community. Who can you now arrest and put into and work for free for this country? Yeah. The entire LGBTQIA community and those who support them. The only silver lining I have is if they put the lesbians next to the funny black ladies, then I'm fine. Yeah. We'll out how to break out efficiently. Then we'll figure out how to take over then there will be no more XYs on this planet. Before you go, if we have to go through all of that, we're not letting another one Does your hatred of all things pumpkin spice, is it connected to Trump and all things orange or is it? It before Trump, but it got way more intense. It got way more intense when he took office, like, get it out of here. We have left to everything, Kelbel, because I know you want to know more about her on tiktok, bell a curve. I love the website voteho .org but it's spelled H -E -A -U -X because I'm from Louisiana, baby. Southern Bell. All right. Southern Bell.
Rep. Carlos Gimenez Complains About Jim Jordan Supporters Calling Him
"Here's another one. Here's we had a deal with yesterday. Here's Rep Carlos down here. I want you to listen to how juvenile this guy sounds. I keep in mind the entire time that even though the effort to get rid of McCarthy at this point appears clearly I was going to end up with someone even worse. That's where we are. He may need some of them could have fixed the problem voting by for Jordan who had a lot of support and a lot of support of conservatives. McCarthy was in Jordan's camp. Jordan had actually endorsed McCarthy before this whole thing went down. And McCarthy's no longer in the race. That don't matter to Carlos Jimenez. He wanted to make a point which is basically screw all of you idiots. I'll do what I want. I represent my interests not yours and go pound Take sand. a listen. Do you see any way that you change your position, change your vote? In the future, yeah, but right now I'm not changing my position and I think that Jim Jordan's tactics of pressure and intimidation and misinformation, I'm not saying that he did it, but his supporters surely has not helped Jim Jordan. You notice how he sounds like a Democrat? Did you catch him, Jim? He's got all the buzzwords. Intimidation, misinformation. Oh, did Jim Jordan do that? No, no, he didn't do any of that. Oh, his supporters, his supporters did what? Reached out to you as the literal representative, Representative Carlos Jimenez, reached out to you and said, hey, we'd like this guy. Don't you intimidate me. I'll pick who I want. Why? You represent us. I don't represent you. Represent you. Shut your mouth, you morons.
Fresh update on "carlos" discussed on Stephanie Miller
"Know, when you, when they, when they, when you have people talking about what they want, not going to vote for Biden, they ain't nothing but trolls. That's all they are. Trolls. They're probably going to vote anyway. And we imposed, and people's polls don't vote, don't vote. People's voting. And I do believe that we don't have to worry if people's got to be that ignorant to put someone back in the highest office in America to do what he's done and let him get a chance to do, and he done told them what he was going to do if he get back in there. And if they that ignorant, they deserve to get what they deserve. But I do believe that we're not going to let that happen, but we got to start telling people what Biden has done. Biden did more for poor and then the president ever been in that office. Thank you, Andrew. And you know what? We're going to hear more of that from the bell next. Exactly that. Carlos Elsrock, you love his analogy. Sit down in the lifeboat. You're going to kill us all, for God's sakes. And Kal Bell, who we've been playing all week, talking about those home improvement shows, you can't smash the house with a hammer without a plan or blueprint or know what you're going to do next. We will talk to a tick tock star Kal Bell next. Thanks for watching. Music. Music. I'm Jessica Edinger, CNBC On this final trading day of November, markets in the green this morning, stocks are poised to wrap up month the with strong gains on some fresh data showing inflation continues to cool the latest read the PCE personal consumption expenditures. This is the Fed's favorite gauge on inflation. It came in as expected for October rising at a pace of just two tenths of 1 % and three and a half percent from a year ago. Salesforce raised margin guidance and reported better than expected quarterly results last night after the closing bell. Watch those shares today. The number of people who applied for for unemployment benefits last week came in right as expected at about the weekly average pre pandemic number, but the continuing claims number grew to its highest in two years. That suggests it's taking people a little longer to find that next job inching toward normal. Jessica Edinger C. See the CNBC business updates each weekday at 930, 1230 and 430.
Why Did Republicans Oust Kevin McCarthy Without a Plan?
"Logic always get you through the day. And when I asked a bunch of people what the plan was to get rid of Kevin McCarthy to get a more conservative speaker, nobody had one. All they kept telling me was no, no, there's a plan. What is it? I Here's why this thing went down in flames. Because, folks, you've got a bunch of people in Congress, Carlos Jimenez, John James, Marianne Meeks Miller, who really don't care about you at all. I would bet upward of 80 % of good four by four voting Republicans have voted in the last four primaries and general elections. I can guarantee you probably about 70 % of people would be happy with or very happy with or would at least support Jim Jordan as speaker. It's about 70 % of the voting Republican Party. They like Jim Jordan. He's fought for good Republican stuff. You know, speaker's a different role. % always going to have to be a little more of a deal maker, probably not his comfort zone, but I'm willing to take a shot. They were convinced otherwise that you don't matter, that any attempt to reach out to them to sway their decision, even though their title is literally representative, that that was coercion and they started whining and griping and moaning on Twitter. Don Bacon, the worst of all. Don Bacon should. There's no way this guy, no way this guy should continue in that seat. Don Bacon went to CNN and everything he could to sabotage the effort to get a speaker.
Fresh update on "carlos" discussed on Stephanie Miller
"For 20 % off your first purchase. That's bombas Well, stinky pet breath can be a common sign of dental disease, which can lead to bigger health problems that can result in a shorter lifespan. Enter TEAF. That's T -E -E -F. TEAF is a revolutionary way to target pet dental disease where it starts below the gum line. Three prebiotic powder formulations optimized for dogs, cats, and all pets, even extra sensitive ones. TEAF was developed by a Stanford microbiologist to help her own grandmother and dog with their dental health issues. Made with clean, human -grade ingredients that strengthen the protective, beneficial bacteria so they out -compete that bad bacteria for naturally healthy mouth and fresh breath. Simply add TEAF to your pet's water bowl. Food or favorite treats, TEAF even gives back. Five percent of every purchase goes to non -profit animal rescues. Make pet kisses sweeter with TEAF. Go to TEAFhealth .com. That's TEAFhealth .com. Use the promo code Stephanie at checkout for 30 % off your first order. That's TEAFhealth .com promo code Stephanie. Where are they now with our own body? Dear adventurers and heroes, I and their heart is the truth suit. Carlos, I wish I knew you in high school. You would have wrote me a wonderful letter to the teacher, huh? That is wonderful. He can't come to school now. There we go. He has a dentist appointment. I used to go, I didn't bring my homework because my dog ate it. You didn't have a dog? Oh yeah, I do. One of those stuffy animals. Have you ever seen it? The devil gets into him. Listen to Where Are They Now, Saturdays at 10 a .m. Hey soon. Are you retired or retiring soon? Do you know how much money you need to live comfortably? Retirement Planners of America is here for you. These may feel like scary times. Several economists are saying that a So what do you do? Ancient wisdom says plans fail for lack of counsel, but with many advisors they succeed. Would you like to have financial peace of mind? Here's how. Step 1. Find out the amount of money you'll need to retire. Step 2. Have an actionable plan to get there. Step 3. Make sure that plan is executed you help do all three. We will help you discover your magic number and give you the road map to get there. Call now to schedule your free consultation. 800 -508 -6108 that's 800 508 -6108 800 508 -6108 don't wait call 800 508 -6108. All investments involve risk including losses. Past performance does not guarantee future results. DEI. We've heard and seen those letters a million times, but what does diversity, equity, and inclusion really mean? Join Joe Nespasito and Santita Jackson as they lead an esteemed panel of DEI leaders from the public and nonprofit sectors to discuss the growing social conscience behind DEI and how they're creating an inclusive workplace and kinder community. Listen this Thursday 3 to 5 pm. Proudly
Monitor Show 14:00 10-10-2023 14:00
"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. We're still, we haven't even heard from president Biden yet. He was scheduled to speak an hour ago and we will bring you his remarks straight ahead. Many thanks to the panel, Rick and Jeannie. Hour two of Sound On starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Now from our nation's capital, this is Bloomberg Sound On. The Biden administration says we're making good on a long held promise. Ballooning budget deficits in Washington. We're in a bizarro political world here. Bloomberg Sound On. Politics, policy and perspective. From DC's top names. Most people, including most Republicans in Congress, understand that we need to get aid to Ukraine. Who's going to take us in a rational way into the future and lead our country? This has really become kind of the new frontier in American politics, is this battle between red states and blue cities. Bloomberg Sound On with Joe Matthew and Kaylee Lines on Bloomberg Radio. President Biden set to address the nation on the situation in Israel at any moment. Welcome to hour two of Sound On. As we wait to hear from the president, who just got off the phone with Prime Minister Benjamin Netanyahu, we'll hear the view from the White House through the words of the president. And we'll talk strategy and next steps in this retaliation against Hamas with retired Lieutenant General Ben Hodges, former commanding general of the U .S. Army in Europe. Later this hour, we'll talk shutdown politics with Representative Carlos Jimenez.
Fresh update on "carlos" discussed on Stephanie Miller
"Congress at 202 -224 -3121. That's 202 -224 and tell them to keep investing in a clean energy future that fights climate change. Thank you. Thank you. You got mud on your face, you big disgrace, kicking your can all over the place, singing, we will, we will rock you We will, we will rock you. But you're a young man, a hard man, shining in the street, take gonna on the world someday. You got blood on your face, you big disgrace, waving your hand all over the place. We will, we will rock you. Singing, we will, we will rock you. We will rock Because facts matter. You are listening to WCPT 820. A very famous, still taught in law school, famous in a precedent setting. Yes, I learned about it in my communications law class at Arizona State. Absolutely. So part of the libelous article that was printed stated that my mom was drunk at the Reeve Gosch restaurant in Washington DC, going around eating food off of people's plates, and that she threw a glass of wine in Henry Kissinger's face. I, as you know, Jody, am very disappointed that this story was not true. I thought I could not love your mom more. Yeah, it sounds funny. Had she drunkly thrown a glass of wine Henry Kissinger's face, I would have loved her even more. But go ahead. So Mr. Kissinger was deposed and said she did not do that, therefore that was a lie. Right, so he testified for your The mom. case kind of hinged upon his deposition. Him and other people that were in the restaurant, but he was the most famous person that was deposed. Right. Well, his name was mentioned in the story. Oh, absolutely. By the way, can I just just say I have eaten off other people's plates in restaurants and had I been in a restaurant with Henry Kissinger, which I couldn't afford. But if I could, I would have thrown a glass of wine in his face. When I saw Estelle Reiner perform years ago. Oh, she's fantastic. I was on her mailing list in the 80s. Carrie and I used to go And one night Lonnie and I were seeing her perform because Mr. Reiner, Mr. Reiner's dad, Mr. Reiner. Carl Reiner. Yeah, that guy. Nobody Hollywood. Jody mentions in Hollywood is someone that is not incredibly famous comedy legend or the offspring of a comedy. Yes. So, Mr. Reiner, we ran into them at a party and so she was performing. Oh, want I to want go. to And they put us on the list, which is very sweet of them to do. And so people know that she's the I'll have she's what having. Yes. Character in When Harry Met Sally. Yes. And so we were sitting next to a bunch of very nice people at Gardenia in West Hollywood. And what are you eating? That is still there, isn't it? And everybody was like, well, what are you eating? Oh, that looks good. And we were all eating off each other's plates. It was fantastic. Well, I think my plate. Yes, Christopher, all we have come from different kinds of family. I come from you can eat anything off anybody's plate kind of family. And it is quite shocking to friends and or, you know, love us all who did not come that from kind of family. I'll never forget the first friend that was like, what are you doing? What are you doing? What are you doing? Why are touching you my food. You are touching my. Did you warn your friend? No, she didn't know my girlfriend now is a germaphobe. I took a bite of her sandwich once and she was like, what are you doing? I'll cut it for you. I will cut like a couple sandwiches for you. I was like, I'm not going to I was well, my thought bubble Well, as you know, I was abandoned by wolves and raised by Republicans. So, you know, I have wolf etiquette basically. Yes. Wow. Yeah. Like a Republican. What am I going to do? Starve? Of I'm course going to if Chris isn't eating it fast enough. What the hell? It takes me an hour to eat that because I have it. I know during commercial break. And you wouldn't think you have it. You have the table manners of a caveman. It's the third meal of the day that I know. I always think of you as like, you'll have a giant turkey leg Renaissance. Yes. Or Henry VIII. I might have one without the wife beheadings. Yeah, I might have one next week at Disneyland. We'll see. OK. All right. Well, anyway, thank you, Jody, for being the only person who has something nice to say about him. That's all I got. Yeah. By the way, kids today, for those of you that haven't read a book, you know, compare and contrast. war That's a criminal who expanded the secret carbon bombing of Cambodia, expanded the Vietnam War, killed tens of thousands of people. Yes. Yes. Yes. But he did testify for Carol Burnett That is a way of trying to make it up to the world. No, I think, at the I mean, truth. they were And he told the truth. And that's all he had to do. But they asked him to appear. And he really couldn't say no. I don't know. They do that. They do. How did they like is there physical evidence? Did they do like wine testing on his face? to Like see if... I think it's just his word. It was his word. Really? Against the national mirror. When you're sworn... Have you ever been deposed? Is there wine testing on someone's face? I need to know. I've been deposed. You have to tell the truth. Yeah. Look, you're sworn. You're sworn. No, I've never been deposed. Why would I be deposed? I don't know. She's been deposed. Oh. Well, I don't... I've never... And No. I've never sued anyone? What? Okay. All right. By the way, can I just say Carlos Elsrocki, we missed him so much. And his Comer Simpson for James Comer was hilarious. I didn't have anything on Hunter C .O.! He's back here in the bushes. Eee! That's brilliant. That was brilliant. Oh, speaking of brilliant. Yeah. Look by accident because I'm a dummy. So, Kelbel, fantastic TikTok star. We've been playing her stuff.
A highlight from Valio - Next Generation Asset Management Platform
"Hi everyone, Andy Pickering here, I'm your host and welcome to the Crypto Conversation, a Brave New Coin podcast where we talk to the people building the future in the Bitcoin, blockchain and cryptocurrency space. Hey team, we have a new sponsor here at the Crypto Conversation, BitGet, one of the world's leading copy trading cryptocurrency exchanges, yes indeed. What happens if you've got the funds to invest but you don't have the time to keep track of the market? You still want to make smart money moves? What do you do? Well, copy trading is a popular choice for beginner traders. You can shorten your learning curve by uncovering tips and strategies from more experienced traders. BitGet's copy trading platform has over 80 ,000 elite traders to choose from and 380 ,000 followers just like yourself who are already using the BitGet copy trading platform as a potential passive income stream. All it takes is one click, you can subscribe to an elite profitable strategist, set your limits, automate your orders and monitor their trades. I've got some links in the show notes below, one link will take you through to the BitGet sign up page, give you a VIP discount. So learn all about it for yourself thanks to BitGet. And now it is on with the show. My guest today is Carlos. Carlos is the founder of Valeo, an asset management platform that connects you to leading traders and digital asset managers on chain asset management, very interesting. Welcome to the show, Carlos. Andy, thank you for having me. It is a pleasure. Let's do what we do at the beginning of the show, Carlos, it would be fantastic if you could please introduce yourself, just, you know, share a little bit about whatever you're comfortable sharing. I'd love to hear a little bit about your personal and professional story in terms of what has led you to founding Valeo. Sure, happy to. So educationally, I come from a background in mathematical finance, which I suppose was one of the reasons why crypto and decentralized open ledgers attracted my interest and curiosity in the first place. Now, as far as professionally, the first thing that I ever built was a software development company that did fairly well. That was also my first exit, solved my stake to my co -founder, then spent a bit of time working on perhaps an overly ambitious AI mental health startup. And in 2020, I founded my venture vehicle OpenHedge with the mission to advance open source finance. And at that time, I didn't have the single thing I wanted to spend, you know, the entirety of my time working on. And we were involved in a number of different things. Some of your listeners may be familiar with perhaps premium finance, which is kind of the one of the things we've been involved in the most. But more generally, I've been around crypto since 2017. At that time, I wasn't convinced that the infrastructure is going to amount to much as far as providing value to society. But in 2020, that's when the switch really flipped for me. And when it became apparent that this technology is here to stay, and that not only is it here to stay, but it's going to play an increasingly important role in how humans transact and record value. And most recently, as of roughly nine months ago, we've wound down all of our involvements to focus exclusively on Valeo, which is an asset management protocol to onboard the next 1 billion users into crypto. And the reason why we're focusing on it right now is because we need to question more the paradigms in which we onboard new users to our industry, because, you know, that's kind of the top of the funnel. I'm happy to expand on this in a second, but we need to do better as an industry. Yeah, I very much agree. So how long have you guys been building this platform then, Carlos? Yeah, sure. So we've been building for roughly nine months now, and most of that initially went into R &D because, again, maybe to kind of zoom out and start with the reason as to why we're If you think about what are the main gateways for people into crypto, they are predominantly four of them, one of those being Binance, second being Coinbase. Then in Europe, we have this thing called Revolut, which is, you know, you can think of it as something like a block or, you know, a cash app, whatever. And the fourth being NFTs. And if you think about what all of these gateways entail, or rather require is some initial knowledge about the industry and particular assets. So for instance, if you go on an exchange, you create an account, you still are left with the daunting task of knowing what exactly do you buy that, you know, what are the tokens that you want to have exposure to? And we as an industry, we take it for granted. But this is really a prohibitive barrier to entry for most users. And most users do not want to use exchanges, they simply want to have an easy way in which to get smart exposure to the industry. And so this is something that we needed to rework as an industry for a long time. And as a result, we found it valuable because we think there is a better way. And this better way revolves around backing the leading traders and asset managers in a trustless and non -custodial way. Right. So the idea is people that are potentially interested in taking some positions in crypto, but they're not perhaps that interested to spend all their time researching different projects or different traders, different types of coins. But instead they can come to Valeo and look at the different traders. I think you call them managers, right? Yeah, different managers on the platform and instead effectively back people that have talent and industry knowledge and it's a simple solution for them. Correct. So I'll share a story that is so illustrative of what people undergo a million times a year in trying to join crypto. So roughly two years ago, I spoke to a friend of mine who's a very smart guy, master's degree in physics, works in IT, all of the prerequisites to understand what's going on. And we had this in -depth wonderful conversation about distributed ledgers and all the downstream implications for society and democracy among other aspects. And he was immediately excited and he immediately understood the potential of what's going on here. And his first question was, well, Carlos, well, how do I get exposure to this? Like how do I get involved? And at that point I was like, okay, well, you know, the first step you probably take is you go on an exchange, you buy some ether and then you look at the coins that you think are ultimately going to do well. And so what ended up happening is he went on FTX, he bought a bunch of ETH and then he, you know, spent the majority of his portfolio buying coins that ended up going to zero promptly. But he thought those were, you know, based on his very limited amount of research, those were something worthy of his time and capital. And then FTX drug him for the rest. And the takeaway here was that even if you have very smart people who are capable of understanding the industry in each of the individual protocols, it doesn't mean they have the time to do it. So we simply needed a better way to make this happen. And the way to do this is to connect these people looking to enter crypto to traders and asset managers who are native to this industry, who know what they're doing. And for the people looking to enter, instead of having to analyze each individual token at length, they can simply look at the track record of the people that they ultimately intend to back. Got it. Thank you, Carlos. And, you know, it reminds me, Carlos, you know, you'll be very familiar of, I guess, the kind of the idea that for long term investors, you know, your average kind of long term investor who just puts a significant amount of capital into the market, it doesn't matter whether we're talking stocks or crypto or ETFs or whatever here, if you have that kind of long enough time horizon, then you're much, much more likely to outperform day traders who think they can time the market and move in and out of positions all the time, except perhaps for the, you know, one or two percent of those smart traders, asset managers who actually are good enough to to time the market and beat the market. Right. Well, certainly. And to that point, you know, asset managers can have edge in multiple dimensions, timing being just one of those. But the broader thing here, Andy, is that if you think about what happens when people just go on and exchanges and buy random tokens as their entry point, what this creates is this weird dynamic where asymmetrical information dominates and is very pervasive. And what do I mean by that? Suppose you're an army and you just created your account on Binance and you're looking to buy a token. You'll likely buy something that your friend will have told you about or something that you've seen on TikTok. And I know this may sound awful to some people, but this is the reality. And so what you'll end up directing your capital to most likely are a bunch of scam coins or a bunch of marketing and meme coins. And as an industry, it's not healthy for us to have these capital flows be diverted into these dead ends. What instead we want to make sure is that the capital entering the space enters in an efficient way that is conducive to the overall growth of our industry. And to your point about the long term, even if someone has a very long term horizon over which they want to allocate to our sector, it should be guided by someone. People can't be expected to make these long term allocations for themselves unless they are willing and able to invest hundreds of hours of research into this. And just as an equivalent example, consider retirement funds. Imagine a world in which retirees would have to day trade and manage their own personal portfolios that likely wouldn't be conducive to good outcomes. Right. But this is effectively what we have in crypto. And until this is abstracted away, we're going to see severe hindrance in the capital coming in. Yeah, great, great points and look not not to go on too much of a tangent here, Carlos, but it always strikes me, you know, this is one of the paradoxes of crypto. And look, there are many. But one of the paradoxes of crypto, of course, is that because the technology is essentially open source, anyone can spin up any kind of a new asset, any new chain that they so wish any time and, you know, spin out any kind of meme coin, as you've kind of talked about and put a little bit of marketing behind it and times that to infinity. And yeah, it's just it's just one of those crazy paradoxes that that we have Bitcoin and then we have Ethereum and now we have, well, hundreds of thousands, if not more potential tokens out there with many more to come. That's exactly right. And Andy, which you're describing is actually one of the root causes of the problem, asymmetric information, because if you look at this from the point of view of an entrant who just wants to allocate some capital to fundamental long term innovation, they have to scrape through a bunch of noise in understanding what is real and what isn't. And we take it for granted just how daunting of a task that actually is, because to be truly able to to analyze the things you get behind, you know, you mostly have to operate at the intersection of finance, technology, game theory, as well as the social context. Again, I don't want to use the word narratives because I think there are a shorter term phenomenon that is bound to disappear, hopefully. But again, the point being, there is a substantial amount of complexity. And so until this is curated by someone at scale, it will be incredibly difficult for new entrants to emerge in the market without them accidentally diverting their capital to scam coins, meme coins and things of that nature. And this is just something we have to tackle as an industry, because if the average experience of someone getting into Web3 is that they've accidentally purchased the wrong meme coin on an exchange and it's went to zero, even though they thought that they were backing fundamental innovation, you know, this isn't a very good outcome. Yeah, absolutely. Let's bring it back to to value then be great if you could just maybe talk us through a little bit about how the platform works. I guess a little bit more in terms of who you're aiming at this. But basically both on the depositor side and on the manager side, maybe some of the different user groups and then also like to understand, you know, how how technical people need to be if we're talking about normies that have no experience and DeFi and then can they can they come along and easily engage with value? Sure, so a few things to unpack here and just to first outline why value is different and to understand that we have to look at a bit of history of the problem, which has been as old as our industry, which is how do you make smart exposure easily accessible to people? Well, as an industry, we started by thinking, OK, well, the way to do that is clearly index product. You just put together a bunch of tokens in an index and you let people acquire those. They're curated. Everything makes sense. Indexes were tried in various shapes and sizes. And neither of them worked. But what we learned as an industry is that the reason they do not work is because things change too quickly. New tokens come up, all tokens kind of fall off the ladder of what's good enough, so to speak. Things change very quickly and most index products, in fact, all of them simply haven't been able to capture the dynamism of the industry, so to speak. So once the industry realized that, the next phase of thinking was like, OK, since things change very quickly, what we really want to have is we want to have leading traders and asset managers manage funds on behalf of new users. But but who are these top traders and asset managers? And that's where our industry is very different from from anything from Tradify, for instance, because most of the top traders and asset managers aren't your typical regulated funds that you can just LP in, and most of them are anonymous or pseudonymous traders and individuals on the Internet. So then the question became, how can you let new entrants back these anonymous individuals who you can't obviously know or trust in a way that's safe for the depositors? And so that was the question that led to the first generation of asset management protocol spawning. I don't want to name any names here, but what they all shared was this fatal flaw, which is why none of them really took off in the first place, because indeed, there were some protocols that enabled trustless asset management, but it came at the price of the asset managers being highly restricted. So, for instance, in the previous asset, in the previous generation asset management protocols, if I'm a manager, my investable asset universe is first limited to just a single network. So I would have had to choose either Ethereum, Arbitrum, Optimism, Polygon or whatever. And on the single network, I was just limited to the highly liquid tokens and to synthetic tokens. Again, not to kind of go too technical here. But long story short, the reason why this was the case is because nobody had figured out a way how to prevent managers from counter trading their own positions. So, for instance, if I was a nefarious asset manager, what I could do is I could create a private position on a private wallet of mine of some liquid token. Then I could buy it from the funds that I manage and then unload my private position. And as a result of all of this, asset management never really stood a chance because the managers were extremely constrained in what they could do and constrained beyond the point of it making sense. They simply weren't able to do a good job. And Valeo is the first protocol to overcome both of these technical limitations on a framework level. So what we've managed to achieve is for the first time ever in a trustless and non custodial way, we've been able to give our managers all of the tools that they need to do what they're good at, which is to manage their portfolios. And so and this is possible thanks to two core innovations, one of them being that Valeo is the first ever shared state omni chain system, which basically means that you have one vault spanning the entirety of networks that we support. So arbitrum, optimism, et cetera, and Ethereum. And the other thing is a proprietary security framework that we developed, which is a mouthful, but it's actually fairly simple, called the cumulative price impact tolerance architecture. And without getting into details as to what exactly this means, the key takeaway is that it allows asset managers to trade long tail illiquid tokens without them needing to be trusted or manually curated. So effectively Valeo is the first protocol to achieve the zero to one in asset management, where on one hand, you have the backers who can back any trader or asset manager without needing to trust them and without worrying that the manager can run away with their funds. And on the other end, you have the traders and asset managers who have all of the tools that they need in order to perform. And that's something that hasn't been done before. And we've been live in very early beta for slightly over a month now. And the traction that we've been seeing has been tremendously encouraging. In fact, we have more daily active users than some of the multi -billion protocols out there already. But most notably, we've been seeing that the traders and asset managers on Valeo are generating returns up to five times higher than on the previous generation of asset management protocols, simply because they now have the flexibility that they've always been lacking. So but to circle back to your question, Valeo is extremely simple. The goal of it is to be the simplest way to get intelligent exposure to the Web3 landscape. So any user, we encourage you to give it a go, even while we're still in early beta. We hope you'll find the experience simple and enjoyable. Yeah, fantastic. Very well said, Carlos. Thank you for that. Learned a lot there. And you know, I also like the way you see this a lot in DeFi at the moment. And of course, you know, Web3 just kind of like different. I guess the easy way to describe it is gamification. And like one example is, you know, talking about seasons, right? And so I can see that you intend to operate a kind of seasons model on Valeo as well, right? Correct. So there's actually a double edged sword here. What we've ended up with as an industry is this MOLOC, where any serious go to market strategy has to have this gamification element these days, because that's simply the standard these days. People need to have something to be excited about. But on the founder side, we'd much rather not do that. We'd much rather compete in a playing field where there is no gamification. So the reason we'd rather do that is because you get better signal about your product market fit. But anyways, kind of being mindful of the reality in which we are in our approach to go to market has been to introduce gamification in the right and in a way that is sustainable to truly gamify the core value proposition of Valeo, which is that as a backer, you can instead of spending these hundreds of hours of building your own portfolio, you can find the person to do that for you. And you learn things along the way, you become more sophisticated. And on the manager side, there are also a set of things we try to gamify and incentivize. But indeed, to make it more exciting, we're doing seasons. We're currently in season zero, which is the very early beta. We're just testing the protocol in a limited way. But for anyone listening, if season one is going to be really exciting, even more exciting than the season zero. And look, I'm sure that for anyone that signs up and gets involved during the beta and they're in season zero, I'm sure there is some reward for that, right? Correct, Andy. In fact, we've managed to already build a very kind of loyal and engaged community. And so what we want to make sure is that all of these early community participants and early users are rewarded generously because at this stage, they've been tremendously helpful in pointing out to us where the bugs are, what features could be improved and so forth and so on. We already have an amazing community and all of whom will be greatly rewarded for the time they spend in the early stages of value to help us refine and perfect the product. And so when do you anticipate for launch? Do you have a kind of like a set date in mind or as a moving target and you want to just get the product really, really right first? Certainly. So in its current state, Valeo is live already on all of the networks that we support on the chain, on Arbitrum, on Ethereum and on Optimism. The only distinction here is that it's still rough around the edges in the sense that we don't have yet all of the integrations complete that we want. So for instance, now you can trade Perpetuals on Arbitrum. You'll soon be able to trade Perpetuals on Optimism. You have spot markets on all of the networks. But again, there's a plethora of things that we're still adding. Options protocols on Arbitrum, notably Premia, lending markets and a bunch more infrastructure just to help our traders and asset managers succeed. And while we're in this stage of rapid iteration, we've set the vault caps to a very small amount, $10 ,000 worth per vault just to make sure we don't have to iterate quickly in a high -stakes security environment.
A highlight from Shockingly, Gary Gensler Doesn't Like Stoner Cats
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Thursday, September 14th, and today we are talking about stoner cats. 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 Breaker's Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Alright, friends, well, I have to tell you, at this point we really have about four archetypes of breakdown shows. There's number one, oh god, more cleanup from 2022. There's number two, hey look, a new TradFi player is getting in the game. There's number three, hey look, a judge or elected official is smacking a regulator down. And then there's number four, hey look, an unelected bureaucrat is trying to expand their power again. And today's show is indeed an example of the fourth, and the reason it matters is not just because it's another SEC enforcement action, but because I do really think that this represents and is a great example of that impulse to authority expansion. So what am I referring to? Well, of course, I am referring to the SEC bringing its second enforcement action ever against an NFT project. This time, the regulator targeted Stoner Cats, a profile picture NFT collection that was sold to finance a web series. The SEC alleged that the sale of collectible NFTs constituted the sale of unregistered securities. The production company behind the project settled the allegations without admitting to the SEC's findings. So the details. Stoner Cats sold out their collection in around 35 minutes at the height of the NFT bull market in July 2021. The project raised $8 million from the sale. Marketing highlighted materials Hollywood producers and big -name celebrities attached to the web series, and suggested that the success of the show would increase the value of the NFTs in secondary markets. The company received 2 .5 % of royalties from secondary market sales, which produced $20 million in volume. In the settlement, Stoner Cats agreed to a cease -and -desist order and a $1 million penalty. In addition, a fund will be established to refund investors and all NFTs held by the company will be destroyed. Gurbir Gural, the director of the SEC's Division of Enforcement, said in a statement, Regardless of whether your offering involves beavers, chinchillas, or animal -based NFTs, under the federal securities laws, it's the economic reality of the offering, not the label you put on it or the underlying objects, that guides the determination of what's an investment contract and therefore a security. As an aside, I wonder sometime if they find their own writing as clever as they seem to. Beavers, chinchillas, or animal -based NFTs, wah. Moving on, the statement reads, Here the SEC's order finds that Stoner Cats marketed its knowledge of crypto projects, touted that the price of their NFTs could increase, and took other steps that led investors to believe they would profit from selling the NFTs in the secondary market. It's therefore hardly surprising, as the order finds, that Stoner Cats sold its entire supply of NFTs in just 35 minutes, generating proceeds of over $8 million, most of which were then resold, not held as collectibles, in the secondary market within months. Carolyn Welschans, the associate director of the SEC's home office, added, Stoner Cats wanted all the benefits of offering and selling a security to the public, but ignored the legal responsibilities that come with doing so. Now, Commissioners Hester Peirce and Mark Ueda offered what has become their customary dissent against the SEC's actions. They claimed the enforcement represented a perverse extension of the SEC's jurisdiction and the borders of the Howey Test into the realm of art and collectibles. In a statement they wrote, The application of the Howey Investment Contract Analysis in this matter lacks any meaningful limiting principle. It carries implications for creators of all kinds. Were we to apply the securities laws to physical collectibles in the same way we apply them to NFTs, artists' creativity would wither in the shadow of legal ambiguity. Rather than arbitrarily bringing enforcement actions against NFT projects, we ought to lay out some clear guidelines for artists and other creators who want to experiment with NFTs as a way to support their creative efforts and build their fan communities. The Commissioners claimed the NFT project was more properly characterized as a fan crowdfunding. More broadly, they expressed concern that, through this enforcement, the SEC were attempting to exert jurisdiction over collectibles in a way they had never previously done with physical objects. The Commissioners likened stoner cats to a scheme surrounding the launch of Star Wars toys in Christmas of 1977. The toy maker sold early bird certificate packages in lieu of actual toys due to problems with production. These certificates were redeemable for toys in due course, but could also be resold for a profit in secondary markets at the time. The Commissioners asserted that, Using the analysis of today's enforcement action, the SEC should have parachuted in to save those kids from Star Wars mania. The main point of the dissent was that the SEC should not use its enforcement to stifle innovation in creative industries through the use of NFTs. The Commissioners said that, They argued that the SEC's More generally, it contributes to the legal ambiguity facing artists, writers, musicians, filmmakers, and others seeking to build a loyal, engaged following. There are a few different categories of reactions from people in the crypto community. Some honestly said that the stoner cats were not necessarily the best example to be a standard bearer for the industry. Gabriel Shapiro, General Counsel at Delphi Labs said, NFT trader, ex -lawyer, NFTs said, And the natural extension of that is any collectible that has a robust resale market — Jordans, baseball cards, comics, rare whiskey and wine, etc. — is potentially sold as a security. That is not the law, but it seems that the SEC is using essentially dicta in an order to creep its jurisdiction. Crypto criminal lawyer Carlos says injecting language like this into settlement seems to be a recurring pattern. To which ex -lawyer again responded, Obviously to us that's not true, but the SEC doesn't play fair and will take advantage of it. And indeed, this take that the SEC was overreaching here was by, in a way, the most common take. Marissa Tashman -Koppel, the Senior Counsel at Blockchain Association said, So now the SEC is in the business of regulating creatives and artists? Creating opportunities for ownership in the creative process is one way crypto and Web3 transforms how we interact online. The SEC shouldn't interrupt this process. Crypto lawyer Ujin writes, Hester Peirce emphasized in her dissent that the SEC's position limits legitimate ways for artists to make a living and she is right. Speculative sales of art are the basis for many sales of art, and that doesn't make those sales a security offering. Now still one more take was that we are seeing something of a positive pattern of dissent. Framework Ventures' Vance Spencer said, Peirce was on her own for a long time. Important to remember for something like an ETF approval, which requires three of five. Now staying on the theme of Gensler for a moment, it's like after the Senate hearing where he had to take some punches earlier this week, he had to go out and find a venue to get his own shots in. Appearing at a conference hosted by lobbyist group Better Markets on Wednesday, Gensler said, Millions of investors have been hurt in this field. It's an area that can hurt investors, but it can also hurt the broader economy because it can hurt investor confidence and finances ultimately built on trust. The conference was of course being held to mark the 15th anniversary of the collapse of Lehman Brothers, giving Gensler plenty of opportunity for histrionics about financial risk. Gensler trotted out his usual talking points, although adjusted to consider recent criticisms raised in court. Still, there was one kind of awkward and sweet moment where the host suggested that the crypto do seem to be finding some sympathetic judges recently, to which Gensler was uncharacteristically silent in response. Now, Jason Franek from Alliance Dow really sums it up. He wrote, Now, somewhat related, while presenting a speech at a conference hosted by the Practicing Law Institute, CFTC Enforcement Director Ian McGinley pressed home his agency's antipathy towards DeFi. McGinley said, McGinley presented the complete list of CFTC victories in DeFi cases, including a settlement with prediction market PolyMarket and derivatives exchange operator UkiDao. He said, All of this is to say, the CFTC has brought groundbreaking actions in the DeFi space, standing for the proposition that when offering core derivatives products based on digital assets to the public, whether in a centralized or decentralized manner, you must comply with the law. The comments came just a week after the CFTC announced settlements with DeFi trading platforms Open, 0x, and Derridex for offering quote illegal digital asset derivatives trading. The enforcement actions were widely viewed as the regulator taking on easy targets in an attempt to send a message. Indeed, the attack on DeFi was so brazen that one dissenting commissioner even openly suggested that the CFTC was quote, creating an impossible environment for those who want to comply with the law. Bankless co -host Ryan Schott Adams tweeted, The IRS is attacking crypto, FinCEN is attacking crypto, the SEC is attacking crypto, the CFTC is attacking crypto, OFAC is attacking crypto. This is what the now they fight you phase looks like. Now speaking of the fight and not going down without one, Coinbase CEO Brian Armstrong has called for DeFi protocols to take the fight to the CFTC and defend enforcement actions in court. He said in a tweet on Wednesday, The CFTC should not be creating enforcement actions against DeFi protocols. These are not financial services business and it's highly unlikely the Commodity Exchange Act even applies to them. My hope is these DeFi protocols take these cases to court to establish precedent. The courts have proven to be very willing to uphold rule of law. The only thing this is accomplishing is to push an important industry offshore. Now following last week's enforcement action against that trio of DeFi platforms, many commented that the order was a stretch of existing law. And while their cases may have been defensible, the diminutive DeFi platforms were unlikely to have had the resources to take on the US regulator, which is of course why many believe they were targeted in the first place. Now while Brian Armstrong stopped short of offering funding, many others in the space urged collective defense. Crypto law US founder John Deaton said, The industry needs to create a legal fund of some sort to help defend these winnable cases. LEO Trades amplified that, saying, Brian, if you really want to affect policy change, you and Coinbase should help create a fund for projects facing enforcement. Let's be real. Everyone is worried about the financial burden of litigation. This would honestly be a better use of resources than vague political campaigns. Now a different take was summed up by Jamison Lop, who wrote, My hope is that DeFi protocols be so decentralized that the notion of them going to court is absurd. Lawyer Jason Gottlieb wrote a thread about this as well, saying, I agree with Brian Armstrong that DeFi protocols should challenge the CFTC and SEC in court on overreaching settlement demands. The sad reality is that the agencies first attack smaller outfits for whom it makes vastly more economic sense to settle rather than litigate. We see what happens when well -funded projects go to court to fight shaky theories of DeFi liability. Cases or causes of action are dismissed, partial liability can be dropped, the dynamics are greatly changed. But the regulators start with huge advantages. They have typically worn down projects with an expensive investigation first. Even just satisfying the overbearing demands for document production in these investigations can cost six figures easily. I've said it before, I'll say it again. Every single subpoena a regulator sends to a blockchain project is one less engineering job in America and more money for lawyers. Even the lawyers who benefit from that, hi there, think that is a terrible trade -off for America. One problem is funding. The regulators can wear projects down and then offer deals that, while expensive and onerous, are better than more years of continued litigation where even if the project wins, it has massively lost time, funding runway, and momentum. Another problem is that these are people's lives. An investigation is obtrusive enough. Litigation is personally highly disruptive. For us litigators, it's just what we do, it doesn't feel bad. But for founders, devs, people just trying to build, it can feel terrible. So I would love for more DeFi projects to take the CFTC and SEC to court. And is this attorney advertising? I'd love to be the lawyer who represents them. But it costs a lot of money and it's emotionally hard. Companies that have taken on the fight have done great work protecting the space, sometimes behind the scenes in ways people won't widely know about. We need more. But not everyone is well financed and in a fighting mood. So we need to support the smaller projects financially and otherwise. Everyone who believes in the efficiency, privacy, and self -control advantages of digital assets is in this fight together. The battle over the future of crypto is the battle over the future of all digital assets. And since more and more of our lives are digital, that's more and more of our lives. This fight is far more important than when moon antics. It is literally the battle for the future of your digital life. The legal battles over digital assets are the battles over the direction of our collective future. Here, here. I think I will let Jason have the last word on that one because I can't do any better. I appreciate all you guys listening. And until next time, be safe and take care of each other. Peace.
A highlight from 115: Part 2: Ric Prado Hunts Osama bin Laden and Leads the CIA Response after 9/11
"Our case is more like what the FBI did, you know, infiltrating the mafia or something like that. We have to maintain a clandestine and secure relationship, but also a very healthy relationship. We have a motto in the business that says you never fall in love with your agent, but you make them think that you're in love with them. You're always stops testing them, you're always double checking, you always put them under surveillance to make sure that they're doing what they say that we're doing, but it is very different because it's a very different goal. We don't work on problems, we work on intelligence. Well let's use that as a good springboard to start moving forward because a lot of your world starts changing, we start talking about the Cold War, you start talking about terrorism starts rearing its head, but at some point you became, worked with Michael Schur and Alex Station, the bin Laden unit. Tell us about that. Yeah, I had just come back from Korea, I had just gotten my GS -15, and I was the head of the Palestinian branch for CTC, our counter -terrorist center, and I got called into the front office by the chief of ops, and he said, look, you know, your name has been raised to be deputy chief of station for this virtual station targeting terrorism. I had never heard of virtual station, we were the first, and talking to my boss I said, well thank you boss, I mean of course I'll, you know, deputy chief of station, hell yeah, but who are we going after? And he said Osama bin Laden. And I said, who? And he goes, exactly. Mike Sawyer, Sawyer was the analyst that had been following this, so he was the chief of station for Alex Station, I was his deputy chief of station, and I was the senior ops officer, we only had two other case officers, the rest were analysts, incredible analysts and targeting officers. And by the way, that's the very same unit that eventually got bin Laden, you know, geo -located and allowed under our authorities for the SEAL team to go shoot him in the face. Excellent. Room temperature was a good result for that, but yeah, and the sad part is too, I did some work with the state department over in Islamabad training their police, their federal investigative agency, special investigative group, and while we were there at that time is about the time they figured bin Laden ended up in Abbottabad, and that's just about 30 clicks north, 30 or 40 clicks north of Islamabad, you know, right under literally everybody's noses. I just, I still have some heartburn over how much cooperation he got from the Pakistani government. Did you have concerns about that or am I just off in left field here? No, the Pakistani government is completely dual purpose. You have people that love us and people that love to kill us, meaning Americans. They're the ones that created the Taliban, for God's sake. The ISI. Their intelligence service literally was the ones that actually helped create the Taliban. So that penetration was always there. We did have, according to people that worked there, I never did, we did have some very good relationships liaison with some Pakistanis, but they were infiltrated from the other side too quite a bit. Yeah, we ended up kicking a couple people out of our training that had, once some tenuous connections came to light, it was like, yeah, I think it spells ISI is what you should have put down as your organization, but what I'm interested in, let's go back to that because that, you know, like you said, bin Laden who, not many people took him seriously. He issued his fatwa, you know, he said, here's what we're going to do. And then we started getting the bombings. We got some bombings of the embassies, right? That's correct. Well, you know, yeah, that is one of the things that set us all off because we had, when bin Laden was still in Khartoum, when we opened up the station, when we started Alex Stationing, and we had recorded intelligence from a very dear friend of mine, a Green Beret legend and CIA legend by the name of Billy Waugh. Billy was the head of security for Black in Khartoum at the time when he was there. He's also the guy that saw and helped arrest, helped capture Carlos the Jackal, the renowned terrorist from the 70s in Europe, but he was the guy in charge of doing surveillance of bin Laden. And he had him, you know, he knew what he was going to have for lunch. He knew what car he drove. He was in the white. He was not concerned because, you know, in Khartoum at the time, it was like a terrorist hotel and he was putting, pouring all kinds of money. So we came up with several plans to kidnap him, to kill him, whatever it took. And the then administration kept saying, well, we don't have enough proof. And our argument was we got overhead from satellites of the kind of training that he's facilitating with former jihadists in these other countries. We're getting all source information from all kinds of different governments that he's extorting money from the Saudis. He's doing this. He's doing that. He's bringing people in from Afghanistan when, you know, the motto of CTC is supposed to This is what we do. And the administration never, ever bought off on that. And what I always tell people is that imagine in 1997 or late 96, early 97, if we would have been able to neutralize bin Laden, the coal, the bombings of our two embassies and maybe even 9 -11 could have been derailed. You know, and I'll give away a little bit of your book here, Chapter 28, where you talk about that. You know, I mean, you just lay it out and I love it. You know, the answer is clear, thanks to the history and hindsight. Those 4 ,000 people killed in one of the U .S. Embassy attacks in Africa will still be alive today. Untraumatized, unscarred by their terrible luck, USS Cole would never have been attacked. The Pentagon would have never been hit by the American Airlines flight. The Twin Towers would still be standing. The 3 ,000 people who died in the World Trade Center still be with us. Families wouldn't be unaffected. I mean, it just goes on and on. It's amazing how much destruction, terrorism, chaos, anarchy he caused, and the point from all of this is that our administration at the time didn't have the cojones to take care of business. That is the bottom line. I mean, you do a very good job explaining that in the book. I really appreciated that. Thank you. I'd say it was definitely a fact. You know, at the time the agency was supporting us. They were carrying our water across the river, but we were definitely not getting the traction there. And a lot of people took that very personal, especially I was Chief of Officer of the Counter -Terrorist Center when 9 -11 happened. So that really stuck in my craw. Well, I can't imagine. Well, and there's an interesting... Some of it, maybe it's a little bit lower, but when the original World Trade Center attacks happened, they tried to bomb them, the idiots, which thankfully they returned the van trying to... They tried to report it stolen. That's how we ended up getting the guys. But one of the things that came out of this, I think that helped them with their future planning is when they were in court, they bring in some of the structural engineers. You come to find out the World Trade Center, the twin towers were designed to withstand the impact of a 737. So then you start... So why are the 757s and 67s targeted? Why? Because unfortunately, you never know what kind of information is going to be used by somebody later. And that's... I don't know if that helped formulate some of his planning, but it's definitely some of the stuff that came out when you find out what they're designed to withstand. And then, like you say, you get... We see... I think part of our failing is we tend to think too short -term. Why would they think like that? That's not the point. You need to think like your adversary. Your adversary doesn't think like you. That's why they win. That's why they're able to pull off a lot of the stuff, because they're thinking differently than us. I want to get into 9 -11 and what you see there. But up until that point, what do you think was the biggest impediment other than political? Was it the way that we had been trained that we didn't really understand Islamic law? We didn't understand what bin Laden... that he really meant the fatwa that he did? Were there some other things that contributed to this other than political? Political is the number one problem that you have. You cannot run operations, military or intelligence, through an optic of politics. It's two different worlds.
A highlight from The Mike and Mark Davis Daily Chat - 09/11/23
"There stars are in the southern sky and if ever you decide... If my research is correct, this was what the Madison Square Garden crowd heard to begin the show that Mike was in attendance for when he was in New York. I'm just watching guys play tennis, but this is what Mike did. I bet it was awesome. Mike and I were in New York City at the same time doing very different things. Wait a minute. Don't say Mike and I were in New York City. You created quite the drama by your refusal to spend even a second of time with me when you and your beautiful bride were celebrating your anniversary. Well, excuse me for not peeling away for schmooze time on an anniversary event. It took Peg Hudson to set Joe and me straight. Let me give you the backstory. Yes, there's always backstory. Your research is spot on. That was what they opened with. They all lined up across the front of the stage, including the great Vince Gill. Oh my God. That show was unbelievable. I mean, when's the last time you've gone to a concert and for two hours you hear the band just do hit after hit after hit after hit? Who can do that? It's not a long list. The Eagles can do it. And they did it. Opened up by Steely Dan. And in fairness, there's an example, three quarters of the songs, I don't remember it. I never heard of, but there's a couple of hits there for some of the great Steely Dan. And then of course, the Eagles with what was an incredible night at Madison Square Garden. But anyway, you're here, you're in town. I'm in town with Joey and Peg. We're seeing the Eagles and we saw a couple Broadway shows and I figured when Mark and Lisa go do stuff, it's Mark and Lisa time. And I should have known that. So I delicately said, hey, you want to get together for lunch or dinner while you're here? I mean, we don't see each other in person very much. And of course, as predictable as the sun rising in the east and setting in the west, oh, we're slammed. Thank you. We're very busy. We're very busy. We're slammed. We're a little maxed out here. We're maxed out. And so Joey and I got all up in arms about it Saturday night. My man, my man, buddy card is being revoked. We went to dinner at a place called Centurion, New York, and I had a table set for you and Lisa. I mean, we were in a private room on the 55th floor of one Wondervelt. I'm not kidding you. It was unbelievable. It's this brand new dining experience. And we had a room with a table of six with three of us. And I kept saying, gosh, what, how perfect that would have been for Mark and Lisa to have joined us. And Joey and I started bellyaching about your rudeness. And then Peg says, it took a woman to point out, are you guys high? Right. Well, she says, do you think they want to spend their anniversary weekend with you talking shop? And I said, well, first of all, we're more than just shop. It's not just work. We're friends. Exactly. There's all kinds of commonalities and tastes and the culture in our lives. And we're intertwined, of course, it would have been lovely. But it wasn't because you didn't give us the time of day. I know my priorities. Well, you're right. Okay. I mean, good for you. And I hope you had a lovely weekend. So what exactly should I have given up? Should I have, well, here's a weird story because we thought that one night was going to be at the Arthur Ashe Stadium for tennis purposes. And the other one was going to be at Elio's in the Upper East Side, the restaurant where I proposed to her in March of 2002. So which of those should I have cashed in, you know, go hang out with y 'all as much as wonderful as that would have been. I mean, is the proposal restaurant all that significant? Come on. Yes, it is. But here's what's weird. Here's the weird thing that happened on tennis day. Do you know how weird tennis is trying to attend it? If you want to go to the Cowboys and the Eagles on December 10th, you can get a ticket right now for the Cowboys and the Eagles on December 10th. But if you want to go see Novak Djokovic, which is what my bride wanted to do, because from 10, 15 years ago, we're watching Nadal and Federer, and she just loves these guys. And we have loved watching tennis together on the TV box. And I said, for this anniversary, I'm taking you to the U .S. Open. It's like, great, we'll go see Djokovic or other great players, Daniel Medvedev, the young Carlos Alcaraz, who may be the next Nadal. But if you want to see Djokovic, you can't. He's not guaranteed to play on a particular day at a particular time. You can nail down the day. We did not know until hours ahead of time that Djokovic and Ben Shelton, the American, would be the early match. And silly me, I thought, there's no way. He's got to be the late match. So I bought tickets to the late match at no small expense. But then all of a sudden it's like, ding, ding, ding. Nope. That is Medvedev. He'll be playing Alcaraz at night and beat him, of course, because it was Djokovic and Medvedev. And Djokovic won in the final that we watched last night. It was great. So here's what I had to do. I've never done this before. I'm a big fan of the secondary market. So I had these tickets on Ticketmaster. In the old days. You tell me you sold tickets because I was desperately trying to get tickets to go. I'm going to kill you. What? No. I wanted to go so bad. To the open? I wanted to go to the open so badly I could taste it. And I went on the secondary market. You know, God's been good to me and I have a pretty good living. I ain't spending $14 ,000 a ticket. Okay. You want to talk real dollars? I'm going to do this. I am going to do this for my bride. She doesn't do mink coats or huge jewelry. You know, she's just one of the million reasons I love her. We were in unbelievable seats for the night, for the night one in the hundred level, the loge level. And they were $1 apiece. ,700 $1 ,700 apiece. So $3 ,400 to put my wife and me in these magnificent seats. Then we learned, guess what? Djokovic ain't playing at night. He's playing in the daytime. So now I got to go get seats to that. But here's the thing, since the world expected Djokovic to be at night, that's why those seats were $1 ,700. The moment it was announced, I flip immediately to the day session, got the exact same seats on the other side of Arthur Ashe Stadium for $600 apiece. Boom. Then I sold, with my phone still in my hand, sold the ones that I had bought. Obviously, their price went down a little bit. So I didn't make it all back. But I essentially paid for the other ones with the sale of the first ones. It is a crazy modern world, man. It is a crazy modern world. And heaven forbid you would have said to your talk show buddy, you want a couple tickets to the open because I would have bought them from you direct. I wouldn't even know. Funny, I don't know how to transfer them to another actual human being. Well, there's a way. There's got to be a way. All right. I think there's enough about that. Here's my proclamation. If I come to Dallas for a weekend, I'll make time to see you and Lisa, okay? And I will find a restaurant with a private room and a seat for anybody you want to bring. All right. We'll replicate it, Texas. Let me share with you the sights and sounds of what I experienced this morning walking into work here at 111 Broadway in lower Manhattan. All the police activity as the commemoration, the bell is ringing, observing the moment the flight hit the North Tower. Twenty -two years, Mark. The moment you know well. Boy. You were in the Empire State. Sure was. And we're going to relive that today on the show as we always do. We're also going to play that beautiful faith -filled tribute called Silent Night that our friends at KRLA in Los Angeles made many years ago where God, you just don't believe it, but he has a plan and he is always, always with us, even in our darkest hours. So, you know, Axios had an interesting piece this morning about how young men and women enlisting today and joining the military. They don't have that sense of understanding or recognition of 9 -11. So many people became members of the military because of 9 -11. It was such a movement in this country and it was beautiful and it continues to be. And they're in their mid -forties now. Correct. You know, ish. And you think about, I mean, there are people of legal adulthood, 21 years old now, who were not alive for 9 -11. Absolutely. For them, it's not like it's Pearl Harbor or anything, but it's just something that happened before I was born. I got to wrap my head around that. It's interesting that I heard, that's a second time today, though, I've heard somebody say, well, it's not like Pearl Harbor. I really feel it is. Just to me, it's, maybe it's because of our age and, you know, we run around. Here's the crazy thing. You and I were both born less than 20 years afterward. Correct. After Pearl Harbor. So it was just something that had recently happened. That's right. Had a certain stigma and, you know. So I think about the people who joined the military on behalf of those who died on 9 -11 and fighting for our freedoms, fighting against tyranny. And Mark, I am stunned at the rapid way tyranny has come to our own governance. I read an article the other day in the New York Times. It's an opinion piece, to be fair. Trump indict Trump's indictments, the key players in the 2020 election effort. And Mark, they did one of these and I read it online, one of these comprehensive articles about how everybody who questioned in any way, shape or form the outcome of the 2020 election is a co -conspirator in the election denialism that is traitorous, that is traitorous, that's treason. Now, attack on democracy. Right now, never mind all the Democrats, including Hillary on down, who lined up in question the outcome of 2016. I guess that doesn't count. I'm sure the New York Times didn't do, you know, an extensive piece on this, but they've got everybody ensnared in this, Mark. Ted Cruz, Josh Hawley. We saw Lindsey Graham almost got indicted in Fulton County. And all they were doing was saying, what happened here? And exactly daring to inquire. And that has become a tactic of the left. And I think COVID, tell me if you agree with me, COVID broke the door open on this. If you dared question the vaccine or if you dared question the lockdowns, you were shut down. You lost your social media status. Some people lost their jobs. Look at the, look at all the airline pilots we lost because they wouldn't get vaccinated. And that kind of opened the door. And now it comes to the, to election integrity and the New York Times and people who think like them want to weaponize our free speech right to question anything. And criminalize it. And so your metaphor is apt. It absolutely is. And I hope it goes a similar way that the COVID extremism did. And that is that the pendulum swings. And now we have relative rationality, even though I did see in New York City, people walking around by themselves in Washington Square Park, wearing a mask outside. But not many, right? Not very many at all. Listen, I almost wanted a mask to keep away from the weed smell. I asked a New York City cop, what's with the weed? And he told me, he said, look, it's legal. You can't have enough where you're trying to sell it. You can't give it to kids, blah, blah, blah. But it's pretty, and I said, has it been a problem? He said, not really. He said, I don't like it either, but it's people doing, so, but not to divert. So your metaphor is apt. I hope that the pendulum swings, as it did with COVID, and I hope it does it maybe even quicker because the, because the Fauci's and the various other people who hit us with this have been proven so terribly, terribly wrong and corrupt so relatively quickly. I hope that can happen on weaponization of election. Well, Mark, there's reason to be optimistic. The Fifth Circuit Court of Appeals upheld a lower court's ruling, huge win for free speech where this appeals court upheld the prohibiting government officials from communicating with social media companies. There was a preliminary junction. The defendants include Joe Biden, the U .S. Surgeon General, the Health and Human Services Secretary, and the courts are agreeing that it is absolutely unlawful for government officials to try to censor speech on social media. Of course it is. Well, it took a long time. Sure. Well, listen, justice delayed is justice denied. But that's the pendulum swinging. And I hope you, speaking of New York, I hope you saw the New York -based shrews over on The View Friday, Anna Navarro and the rest of them now complaining about the illegals in New York City saying they need to be resettled elsewhere. Anna Navarro and the rest of them on The View want to kick illegals out of New York. How unwelcoming. Oh, how well, how unchristian -like of them. But listen, I heard somebody say this somewhere else and it's true. People like Greg Abbott and others have called Eric Adams bluff. Yep. We've called their bluff. We've said, all right, you want to be a sanctuary city? Here's what it looks like. This is it. Welcome to Texas. Every day, the amount. Welcome to El Paso. And, you know, so golly, I hope the pendulum is swing. Great to have you back. It is wonderful to be back. Great to kick off a big, big week. I'll be in Philly tonight for a big event with Dennis Prager and Pastor Robert Jeffers. Faith and Freedom Coalition event. And then back here on in New York Tuesday and then back to Florida. So, OK, this is crazy. Mr. Acela corridor. You're in Philadelphia for an event tonight. I'm on the 115 Acela. I love that train. In the morning? 115 this afternoon. To get there. But where are you doing the show tomorrow morning? From Philly, from AM 990. And then taking the Acela back. And I have to admit, I'm not a big train travel fan. Yep. I like that Acela. Yep. Pretty cool. And, you know, I think I've got to be in first class just so I can, as an observer, experience what that first class experience must be like. If you're going to do it, do it. You might as well go up front, you know, and or actually in the back. Sometimes the first class on the Acela is on the way in the back. But I still like walking over to the cafe car and getting a hot dog. Kicking it old school. Absolutely. Yeah. Love it. Love it. Big week. All right. Happy Monday, my friend. Happy Monday. Mike Gallagher there for you on this very. I'm just. Think identity theft won't happen to you? Think again. There's a new victim every three seconds in the U .S., over 15 million this year alone. And many don't even know their victims. LifeLock alerts you to identity threats you could miss, even when you monitor your credit. If your identity is stolen, your dedicated U .S. based restoration specialist will work to fix it. No one can prevent all identity theft, but everyone can save up to 25 percent their first year at lifelock dot com slash Salem. Identity theft protection starts here.
A highlight from Grayscale, SEC Update with Sam Callahan + Lighting Update with Jesse Shrader from Amboss.Tech - August 30th, 2023
"Hello, and welcome to the Cafe Bitcoin Podcast brought to you by Swan Bitcoin, the best way to buy and learn about Bitcoin. I'm your host, Alex Danson, and we're excited to announce that we're bringing the Cafe Bitcoin Conversations Twitter Spaces to you on this show, the Cafe Bitcoin Podcast, Monday through Friday every week. Join us as we speak to guests like Michael Saylor, Len Alden, Corey Clifston, Greg Foss, Tomer Strohle, and many others in the Bitcoin space. Also, be sure to hit that subscribe button. Make sure you get notifications when we launch a new episode. You can join us live on Twitter Spaces Monday through Friday, starting at 7 a .m. Pacific and 10 a .m. Eastern every morning to become part of the conversation yourself. Thanks again. We look forward to bringing you the best Bitcoin content daily here on the Cafe Bitcoin Podcast. Good morning. Welcome to Cafe Bitcoin. What's up, Peter, Jacob, Nicky, how are you guys doing? Morning. What's going on, man? Still living off the hype from Bitblock Boom. Incredible time. Yeah, it was. I had a good time. I'm still trying to digest yesterday's news. And, you know, just some just some great conversation in yesterday's show, actually. Yeah, we've had a little time to digest the news that Grayscale won his case against the SEC. I think there's been a lot of misinformation from the news about what that actually means. So we can kind of get into that a little bit. But really bullish development. I'll be curious to see what the SEC does now. The ball's in their court. I haven't been able to verify it, but I saw I think it was Bloomberg Intelligence, somebody was tweeting about that Bloomberg Intelligence thinks that we could have an ETF by like next week, which just kind of sounds absurd to me, but something I wanted to bring up. Yeah, I mean, it's definitely in the realm of possibilities. I mean, if the SEC just kind of wipes its hands clean of all this, just kind of rolls over and says, all right, we're going to we're going to prove this spot Bitcoin ETF, you know, finally. We're going to kind of give up on this fight. It's definitely in the realm of possibilities. You know, I find it kind of hard to believe. But and then how would they go about doing that? Do you think they would just kind of do a couple like pick some winners or would they just approve all of these applications at the same time? And it would be kind of a free for all free market competition of who gained market share. And then who would win that market share, do you think? So how do you guys think it's going to play out? I don't care. I'm going to get the popcorn out. You know, the the meme with with Michael Jackson watching Thriller in the in the in the And theater. I'm just going to sit back and watch what happens with FOSS and Terrence and their bets. What is the bet? Would FOSS think that there was going to be an ETF? I forgot. FOSS has a 10 to one or is it a 10 to one or a hundred to one bet with with Joe Carlos Are and I'm I don't remember what Terrence is. I'm sure Terrence has something going on, too, because, you know, he can't he can't miss out on a on a good good wager. Maybe it's a hundred to one. I forget if it's 10 to one. Ant, do you remember? He's down there. Well, if they if they do roll over, let's say that they just roll over, give up on this fight and approve a spot 20 ETF. Personally, I think that they would kind of just approve most of them, if not all of them at the same time. I don't think they want to be picking winners and losers. Now, if they don't do that, it would be curious to see what they do with the grayscale, because, like, obviously they could be a little salty about losing this case and they can turn around and say, OK, well, we're going to approve BlackRock and Fidelity and, you know, and Fasko and then we're going to keep you guys waiting to kind of hurt your business and suck capital out of your fund and into these other ETFs. But, you know, maybe they won't do that. Maybe they'll just approve them all. Like, I'm curious what you guys think. How would that go down? I mean, if that happens, like the pettiness at the end, I think they probably have a massive lawsuit on their hands. I don't know if you guys saw this other news, though, but it was a small Brazilian asset manager called Hashdex applied for US spot Bitcoin approval as well, and it kind of went under the radar. But it's different than all the other ones. And the reason being is they don't have kind of one of these surveillance sharing agreements with Coinbase to prevent market manipulation, like the BlackRock ETF filing or the Fidelity one, all of them, really. Hashdex is different. They're basically an application that allows them to acquire spot Bitcoin through the CME. And so basically it holds a mixture of spot and futures position. So it says the fund will use the CME markets exchange of physical transactions to acquire and dispose of spot Bitcoin instead of transactions on unregulated spot exchanges. And so it's just like a different strategy than all of these other ETF filings. And it's interesting because they brought on Brian Brooks, the former head of the OCC, onto their board of directors recently. And so this Hashdex filing, it's interesting and it's a new entrant into the ETF competition. It sounds like Wall Street trickery to add a few more basis points to the annual expense ratio. Definitely. But it could, you know, it's just like kind of a different approach. So maybe that would be enough for the SEC to be like, OK, you guys are kind of acquiring the Bitcoin through the CME, which is a market of significant size, and they're comfortable with the surveillance that occurs on there. And so perhaps this is enough. And then you have this dark horse Brazilian crypto asset management firm that actually wins the first spot Bitcoin ETF. That would be like, you know, 100 to 1 horse winning the Kentucky Derby or something. Sam, I'm sorry, I'm just not, I don't have the expertise to comment on ETFs or how they're going to play out or what the SEC is going to do. It's, I mean, I'm just going to sit back and watch. It really doesn't affect me one way or another. I self custody my Bitcoin and the price is just going to do what the price is going to do, regardless of what I want or what I do. Talking like a true long term hodler stacker, Peter. I love it. Hey, Dom, good morning. Yeah, I thought that'd be a good cue for me because I have no problem talking about things for which I have no expertise, as if I have expertise. So I just thought that'd be a good cue for me to answer. And good morning, everyone. Good morning. Is he only super quiet to me? No, he's sounding faint like you got to put the mic closer to your mouth or something. How about now? Better? So what do you think, Dom? Any comments for what we were just talking about in terms of the ETFs and any further thoughts around the grayscale news from yesterday? Yeah, interesting little pop and then watching things kind of settle down. I think, you know, again, I'm of this camp that I believe that there's some coordination here and I don't believe that the SEC genuinely wants to prohibit a Bitcoin spot ETF. I believe potentially this coordinated dance is is exactly that. It's a dance and people are trying to line stuff up, time stuff up. I don't know what is being lined up and maybe, you know, I'm just overthinking it, which is very possible. But, you know, I still believe that the pressures from institutions to have access to a Bitcoin vehicle like a spot ETF prior to the halving, the pressure is going to be and has been continuously building. And so I'm of the camp that I think it's coming sooner than later. In fact, you know, I even I gave FOSS that birthday present of, you know, taking half his bet with Joe Carlos, sorry, just for fun. And I think we're looking at this this year could be very wrong, but I think that pressure is building up. So it'll be interesting to see what happens in the near term, whether they I'm kind of curious to see the options the way I understand it. Sam, you probably have a better grasp is there's a few others coming up soon. Potentially we may have some more info on Friday.
A highlight from 224: Do the Right Things
"Dr. Alan Laika here and I'd like to welcome you to how to live a fantastic life show where we will be discussing the important aspects of your life. We hope to inspire you to live the best life you can. Get out of your comfort zone and explore the awesome world around you. Break through your barriers, take inspired action. Use the difficulties in your life to achieve the best version of you. Ladies and gentlemen, our next guest is Carlos Acosta Rodriguez. He was born in Torrein, Mexico and lives in Guadalajara, Mexico. He was formerly a computer systems engineer, an Apple consultant since 1990. He's creator of the podcast One Day Less since 2019 and the FM show and podcast Sublime since 2010, which is now approaching its 400th episode. He's an audiobook producer, a radio broadcaster, a tennis fan and a player. So tell me, what has happened to you since January 3rd, 2008? Dr. Laika, it's an honor to be here in your show. Thank you for the opportunity. First of all, I am honored and thank you again. Muchas gracias. My pleasure to have you. Thank you. Let me tell you about that date. It's been now 14 years. I had a serious near -death car accident. I was a copilot in a car, one car crash. Thank God we didn't crash another car. I was sitting near the pilot. The driver felt asleep and we got out of the road and we crashed with something. I don't know, maybe a rock, maybe something standing beside the road. But what happened is that I didn't know about me for about 10 days. I was in a coma fighting for my life. I woke up asking what happened to me. The brother that was there and of course doctors because I was in the hospital told me I had a very serious car accident. I was there in the hospital trying to recover. It sounded like a nightmare at first because I tried to pinch myself to wake up and nothing happened. I think this is a nightmare, this is not real. It was a very sad experience at the moment because you don't expect that from life. It happens and then you have to realize it's real. And then you have to realize that not everything was bad because I was alive. You are alive and then you have a second opportunity. And that was the second thing that happened to me after realizing that it was something from the real world and I was there still alive. I had a second chance. You know it's amazing how your life can change in an instant and how your life will all of a sudden take a 180 degree turn. Yes and you know I don't think that any one of us in this world has a path to have a crash or something terrible in your life. It's just that happens. I felt very lucky before my accident in my life and after because I'm still here and you don't know. You just want to think that nothing will happen to you because you take care of yourself. But sometimes even though you take care of yourself, it happens. And it's something that changes your life completely. Your spirit, your soul, your life, your physical life, everything around you is different. And that's a very important lesson to take and to take it the best possible way. So tell me what has happened since that fortuitous day and how has your life changed? Well my life changed completely because you know I lost my economy was in total bankruptcy because of the accident I had to pay all the medical bills. And I had physical sick sequels that I still have. And it happened in a trip I was doing outside of Mexico in Panama. So it was very hard for me, for my family, for the people that love me. And of course I love because it happened suddenly and everything that I knew was normal was not normal anymore. You know it happened that I had to recover and start from zero again. And at first you only have what you have inside. And that's very important to signal because if you don't have something inside that moves you towards a better future, towards tragedy, then you don't have a point in life you may be there down for the rest of your life. And I believe, I felt very lucky to be alive and I realized that life is a gift and a gift that was given by heaven, by God. I believe in God, I believe in, I am a Catholic person. And of course that was the message that I still live every day that I had a second chance. And you know the difficulties that happened were so great, so big. Of course with the help of many people around me, family, friends, but you have to do your part. You have to do what you have to do to be better, to feel better and to try to get out of that hole, you know, because it's a hole. And you need to do it step by step. You need to have patience and you need to have a belief, a faith in something. Maybe in God, maybe that life will give you a reward because you are doing better every day, in every aspect, you know, working, taking care of yourself in a physical way, taking care of yourself in a mental and spiritual way. So it was, you know, a road uphill, a bottle.
A highlight from BCB121_JOE CARLASARE: Macro Insights & Legal Hurdles
"Prognostications what about Bitcoin is going to do, you know, just and again, I don't want to get into a models debate, all this stuff. I understand that all models are wrong and models have utility and all this jazz. But when your average normie at the firehouse, which is what you guys talk to, right, when you tell them Bitcoin is going to be 10 million dollars in today's purchasing power in four years. Like, I mean, these types of things, like I think they're ridiculous. I mean, you lose credibility. And by the way, you ultimately set yourself up or at least set those people up to be disappointed. This is the Blue Collar Bitcoin Podcast, a show where Average Joe firefighters explore the most important monetary technology of the 21st century. We talk Bitcoin, we talk finance and we talk shit. Hello, and thank you for stopping by Strap In for an epic rip with Joe Carlessare. Joe likes to ruffle feathers. He is a lawyer by trade and completely at home with an argument that makes you uncomfortable. Honestly, that's what we love about him. He is not married to an idea. He is completely at ease, allowing the data to guide him. In this rip, we covered Joe's macro insights at length. The consensus view is that the recession is inbound. Joe makes a great case that this mystical recession could be further off than most people think. We cover some of the ongoing litigation with Coinbase and why it may not be nearly as in the bag as most plebs believe it is. Overall, you may not agree with Joe's takes, but you would be a fool not to listen to him intently. Throughout this discussion, we are reminded of just how many scammers proliferate in the crypto space. The only way that you can be sure that your Bitcoin is safely held by you and you alone is by cold storing with a cold card Mark 4. CoinKite has gone to great lengths to simplify a very complex idea and allow anyone who is worried about custodial risk to take matters into their own hands and actually own their Bitcoin. We highly recommend you get elbows deep in self custody. And when you set up a Mark 4, you will sleep like a baby knowing that you actually own your Bitcoin. Dan, I think the two of us have been more confused by no one else than Joe. Carlos, sorry, you confused the shit out of me, dude. I love you to tears. You're one of our favorite guests. We look forward to you. And I'm not just buttering your muffin unnecessarily here. We look forward to talking to you as much as anyone. Although Dan has a proclivity to butter muffins more than most. I'm a muffin butter. Yeah, I'm a talented muffin butter. But part of the reason we like talking to you is because you do confuse us. You're a bit of a contrarian. I confuse myself, by the way, for the record. Well, then, you know what? We're we're on the same page then. The other thing that's confusing about you, Joe, is your motor, dude, what spectating you. You're you're on Twitter spaces every goddamn time I log in. You're a lawyer by day. You are up to speed. It feels like on everything with markets. You're writing a novel. I mean, Josh, it has to be cocaine. I don't know what else cocaine. It's either cocaine or Joe is just way more adept at chat GPT than the most of us. Because is it actually lawyering for you at this point, Joe? It's the biggest my biggest advantage and also what I call a disadvantage is I sleep very little. I actually made it a goal to try to get more sleep. It's like one of the one New Year's resolution I'm doing terribly on. I'm doing great on everything else. But the sleep is awful. And my wife hates it because I'm like grinding away at something till two or three in the morning and waking her up when I go to bed. But other than that, like I've got a lot of things under control. Isn't that when the best idea happened, though? When you wake up at two o 'clock in the morning, you're like, wait a second, I should write this down. And then I fail to do it. And I wake up the next morning and I'm like, what was that great idea? It's like the great ideas you have when you're stillness and silence those down. And they're like, oh, that was stupid, guys. Honestly, the stillness and silence of late night hours are incredible. They're just incredible. I mean, I feel like today we're so accustomed to the bells and the dings and the guy calling you and you never get away from anything. And, you know, something's breaking. The suit is breaking. You can't have really deep thoughts even with yourself. So like I treasure those late night hours, even though they're terrible for me because I rarely get recommended hours of sleep. I mean, literally, I do my best thinking every night between midnight and one. I think it's an important point, though. Everybody, you need to carve out time to think and ponder beyond just finance, life in general. For me, I think my deepest thoughts, three spaces during workouts, which is also an inconvenient time. I'm in the middle of a freaking five mile run and I have a great thought and I'm like, fuck, my phone's back at home or it's in my, you know, that's number one. Number two, on walks in nature. And then three, my go to is fire pit out back at night, which is the same thing because I'm up till 11 or midnight. I shouldn't be, but looking up at the stars, the stillness of the evening is one of those areas where I really get profile, get cosmic. Ooh, Dan, I was a hundred percent sure you were going for taking a dump on number three. But wow, that's where Twitter happens. Yeah, that's where Twitter happens. Yeah. Do you run a lot? Is running an area? Are you like me, Joe, where you're in the middle of a run and you, something clicks? No, because running is when I really dig into audiobooks. So I have to, I have to double, double time that. So I'm, I'm almost always either listening to an audio book or a podcast when I'm running, which what are your, what are your audio books of choice? Do you do, is it fiction? Do you listen to, what do you listen to generally? I mean, I, I try to, I really think fiction's important. Um, not only because I have so much analytical, uh, material that I digest, right? Like I have to have a release in something about like, you know, the Stephen King book that just came out, fairytale, those sorts of things. I have to do that. How many books is that guy on? Oh, it's incredible. He's on like 55 books. I think the guy's like the most prolific author of all time. If you count all of his novellas, I think he's over 200. And by the way, he has another one coming out next month that I've already pre -ordered. It's called Holly. How the, it's gotta be amphetamines too, Josh. There's no other explanation. Cocaine. No, it's incredible how much you can achieve if you're always doing something right. And like, I, I constantly get, I'm actually trained myself, like at this point where I get very upset and nervous, like when I'm not doing something productive. Um, my wife says I can't relax. Like, she's like, you're always talking to somebody, you're always writing something, you're always reading something you need to relax. And she's right. Right. So that's like why I gravitate to those early morning hours, you know, uh, midnight to 2 AM. But, but honestly, like, I feel if you do it enough and you're constantly busy and like in my line of work, guys, I have to account for every 10th of a minute. Right. I bill. Right. So to me, I got so good at like getting my billable hours done so that I have additional time to devote to my other resources. It all spiraled into all these other areas where I'm like, now I just always am reading something, writing something, doing something, talking. It's, I'm not saying it's good, it's good way to live, but, uh, it definitely makes you productive. Talk to us about this novel you're writing. Oh yeah. I can't go too far into that, uh, you know, cause I'm, I'm, I'm, I'm going to save it, but it's a, so it's, uh, it's loosely inspired by some elements of Bitcoin in cases that I've had legal cases. It's a legal thriller. I am not the protagonist. I'm not cool enough to be the protagonist, but there's more of a, there's more of a traditional, uh, you know, a legal protagonist that is, uh, mixed and matched into some real sticky situation. And at the core of it is Bitcoin. Um, so I think people are going to read it. And my goal is this, like, my goal is that people, uh, enjoy a good story. Like a solid story with good character development. I mean, obviously there's a great character arc for the people that put in there, but beyond that, what I want people to take away from it is I want them to sort of understand some things about Bitcoin. You don't get through the popular culture, right? All you hear about is price, price, price, right? You don't hear about how Bitcoin is stored. You don't hear about how it's sent. You don't hire about private public key management, all these really intricate, intricate things that we geek out about in Bitcoin spaces and on Twitter about like, I want them to actually play a role in a narrative. Have you written another book or no, is this your first book? Uh, this will be, I mean, I'm saying even just for fun, not published. Have you tried other ideas? Yeah, I have tried other ideas. I mean, like I was writing short stories and stuff going back to grade school, but nothing that I'm proud of or this one, I will, I will get published. Right. I mean, that's the kind of intensity I'm approaching it with. Awesome. I'm excited about it. And I'm excited because I don't think there's any real, I was talking with American huddle about this. There's like no real good. I mean, even if you throw in crypto, there's no real good crypto movies, stories, fiction out there, right? There's nothing like there's that really. Hopefully somebody makes an SPF movie. Oh, I'm sure there will be. I mean, there's certainly something on that. I have a buddy actually, who's a, who's a screenwriter. He just wrote and directed a film. It's going to be out. It's called Pools. His name is Sam Hayes. He has been, he's one of my best friends, roomed with him in college. He, him and I have been talking for a couple of years about the idea of him writing a Bitcoin screenplay. And he is, he texted me about a month ago and then I saw him on a trip and he's seriously considering embarking on that project. So shout out to Sam. Hopefully that gets off the ground and we'll update if that's the case. Cause yeah, there's a real void of content in a space that could really use it. You have an immediate captive audience if you do it right and you do it thoroughly. And Bitcoin's money, right? So like how many interesting thriller ideas could you have where money is the goal, right? Heist movies, all these different things. Like with Bitcoin, I mean, I think it's just, it's a, it's kind of weird that it hasn't been more. Yeah, yeah, it really is. The guy who lost the laptop with like a hundred thousand Bitcoins on it. I mean, that's gotta be, I don't think his story has ended yet. He's probably still digging through that, that dumps, that dump site himself, but when he does end up, you know, offing himself afterwards, they'll be a good movie about it. Josh, I'm almost afraid to box in a wild animal like Carl Asare with a question off the top. Should we just, let's just throw it to you, Joe, what, what, what's on your mind today? How do you want to start this conversation? And then we'll, we'll go from there. So I think you have to start the conversation with what's going on in the economy. So I mean, as much as I'm passionate about Bitcoin, right? I love Bitcoin, but I always have to step back and say, okay, here's where Bitcoin fits into the broader macro picture. Right. And that's important because my belief in Bitcoin is continually confirmed by the mess that's going on in the macro picture. I have very different views, as you know, about than many of the macro Bitcoin people, which is fine. We have great spirited debates, but like the notion now that we're sitting here in 2023 and you're sitting with rates, you know, bearing down on 6 % or within an earshot of 6 % in the Fed funds rate. And you just saw a massive jump in tax receipts today. I mean, then you saw some economic data for the last couple of weeks that is continuing to be strong and robust. I think it would completely confound people. Like if we were on this podcast last year when we were talking with Greg or whatever, and I were to tell you, nope, the economy will be cruising along. We'll still have secular lows and unemployment. We'll still have a real estate market that is frozen. But obviously, prices are crazy. You'll have stock market with the stock market will be within 5 % of the all time high. And by the way, you'll have Jerome Powell saying that he's not going to cut rates for two years. I mean, just it would be awesome to go back in time. Right. Because, like, I remember being in these spaces and really smart people like, you know, I remember vividly talking with Lynn Alden and she was asked a question. Do you think the Fed can raise rates? And her response was, no, not for any significant period of time. Well, they're over a year now. Right. And if they hold them there, as they say, for another two years, does that qualify as a significant period of time? And you have to wonder why. And we can, you know, as detectives, right, like when you're analyzing this data, you shouldn't get tied into these narratives or tropes about here's how this works or here's how this. And every time the Fed raises, things blow up. You have to really approach it like a detective. You can have a hypothesis. You could have a theory or prime suspect, but you got to finally dig under the hood and figure out what's going on. And I think that I'm continually trying to get closer and closer to what's really going on. That's what I want to talk with you guys about on this program. So do I have the ability here to like share charts? Is that like something that? Yeah, you can, but we we've had issues with that in the past. But I mean, I say send it and we'll try to sort it out. Do you see the share button down there? Yeah. OK, yeah. Go for it. Just for this one, if it doesn't work, it doesn't work. Right. OK, let's see. While pulling you're that up, I mean, I continue to go back to just the age old adage, more money is lost preparing for bear markets than actually in them. Oh, yeah, I mean. And there's a ton of truth to that over the last couple of years. It's like, but no, just wait. And the timeline keeps moving out. So, oh, it's going to be next quarter. No, it's going to be next quarter. No, it's going to be next quarter, assuredly. Well, it's still not coming. I've sat through major bear market drawdowns, right? I've sat through huge, terrible gut wrenching movements downward in Bitcoin. And at the same time, I focus a lot on the macro data. And people ask me all the time, well, why are you spending all this time on the macro data if you're not going to sell Bitcoin, if you're not going to try to trade the market, if you're not going to time it? And the reason is it's not because I'm trying to look for a trading edge, right? I do do some limited trading here on certain macro assets, but that's more of like for fun. You know, that's like 5 % of my portfolio. The vast majority of my stuff, both stocks and Bitcoin is long term hold positions. The reason I focus all on the macro information is because I want to know how close we are on the progression towards a movement, towards Bitcoin. It isn't because I'm trying to time and double my stack or things like that. It's because I want to figure out like, OK, is this really significant? You know, remember we were talking about the banking crisis back in March, right? I was looking at it objectively. And, you know, while it appeared scary at the time, right, I think like there was plenty of evidence to suggest it was a tempest in a teapot. It wasn't necessarily going to spill over and move to the Bellagio route of, you know, collapsing the entire banking system. There's just you didn't see those issues systemic throughout the entire banking system. But anyway. Hey, Joe, before this chart, I want to just ask you a simple question. Warren Buffett has said over and over again, he doesn't worry about macro. He worries about, you know, the specific companies, the moat that they're creating. And that's why he his basic thesis is that macro is just so difficult and so hard to wrap your arms around. It's so complex and nobody ever really gets it right. And the more I kind of watch the from my perspective, I tend to think as much as the sacrilege to agree with Buffett in Bitcoin, he seems to be right largely about macro. It's just so difficult to general. It's almost like weather predicting a year out. There's so many variables in that. How do you, what's your approach to that? When when Warren Buffett says he's not focused on macro, he's not buying companies and trading companies based on macro. OK, that's a big difference. And people get really confused. And this is one thing I rail against. Like when you got the people that are on these spaces talking about the end of the world and the collapse of Western civilization. Because people hear that and implicitly they think, I need to sell stocks. I need to sell my portfolio. I need to sell my house. I need to be in gold, in a bunker with a gun and whiskey. And that's my only chance. Like to me, don't forget cigarettes. Right. And cigarettes. So to me, like that kind of narrative, I think is is very it hurts a lot of people. It really does because it dissuades them from buying Bitcoin at much cheaper levels. It dissuaded them from buying last fall because people were talking about the end of the world. It people, encourages I think, to think in a short sighted manner when at the end of the day, even if things get bad from here, there's going to be something on the other end. And you should be positioned for that. And you shouldn't try to time it. But for well, it's also like it's also a fatalistic, nihilistic approach. More broadly, like you should not be rooting against the major societal organization strategies. We don't want global poverty. We don't want rampant suffering. I mean, this is said in Bitcoin all the time, but it should be reiterated. I mean, you don't want to wish for the implosion of global financial markets. And anyone that does, I don't think understands how big of a deal that would be and how painful and sad that would be for humanity. Correct. I mean, in the thing that kind of makes me sets me off, if there's one thing is that I have members of my family, I've talked about this before, like, you know, they were convinced by the gold bugs. And now they're living in, you know, a much more impoverished retirement because they put all their money in gold and were afraid of the stock market. They've been hearing about like how sound money is going to take over everything and fiat will collapse for 30, 40 years. So to me, like, you know, those kind of messages, we really have to temper as Bitcoiners. But the one thing I'll just say is that macro is really important. You shouldn't discount it for understanding the world we're living in. Things like demographic trends, things like where, you know, how populations are moving, the over indebtedness and pressure that's going to put in certain markets moving forward. But macro cannot be utilized for trading in the short run. And it's very simple reason why, because markets are dynamic systems. They're not linear. It's not as simple as Fed raises interest rates, markets crash. It's not that simple. If that were true, then every single person could just follow a very simple rubric and make a lot of money in markets. But as you can see in certain dynamics, when people think the boat's all going to go one way, it actually flips the other way because how people get position moves. It's a dynamic system. It's not one that's perfectly linear and responsive to variables on the macro front. One more thing, Joe, we'll get to your chart, I promise. What you just said, I could imagine somebody sitting here. Let's say this is the first podcast they're listening to that has to do with Bitcoin. Maybe they were interested in gold and they see these two things as very similar assets. So they hear you saying or denigrating gold as like that was a bad idea 10 years ago. But Bitcoin is somehow a better idea, even though these two assets are viewed very similarly. So how would you explain that to that person thinking like, why is Bitcoin the better idea at this point than gold was 10 years ago? And how can you be so sure of that? Very sure of it and very confident of it because Bitcoin is far more than the asset itself. Bitcoin is a network. It's a monetary network that will eventually supplant to the entire global financial system. And gold is not. Gold is a rock. Gold is an element on the periodic table. Gold is something that fails in the network that we need for 21st century commerce over the Internet. And for people to reduce and denigrate Bitcoin to digital gold, to me, Josh, that's offensive. Like I think like, OK, when I hear digital gold, that's what Bitcoin, I'm like, I want to sell my Bitcoin because there's people that do not understand what Bitcoin is. It is not a shiny yellow rock. That's not what it is. I it's think a very useful tool to help people, to introduce people to it, to help them understand what, at least at a very limited level, this is. I think that's a good introduction for people. And all I'm saying is I'm certainly not making that argument. I'm simply bringing that up to say if somebody is listening to this and they had that idea that gold was great and they maybe don't think so 12 years later and now they're hearing about Bitcoin, it sounds like a parallel idea in a lot of ways to a lot of people. That's the only reason I brought that up, because I think that can cause some confusion. I mean, I don't understand how a generation that grew up seeing the promise and innovation of the Internet would not just use the Internet. I mean, literally Andreas and Antonopoulos did the work for Bitcoiners, the Internet of money, like, what, is it seven years ago, six years ago? Got it behind me. That's like, that's literally what did it for me. So you're telling me, Josh, that talking to a regular person, talking to a regular person, you're going to say, hey, I know you don't own any of the shiny yellow rock, but you should buy it because it's now going to work in a digital era instead of saying this is the Internet for things of value. This is how we're going to communicate value among people. You don't think that that's more persuasive to the regular people, that this is how we will communicate and share our experience and share our time, show what is valuable in society. And by the way, I firmly believe it's not going to be solely about money. I think Bitcoin's network, Bitcoin's global network will serve other purposes that we haven't yet scratched the surface of. So to me, it's a minimalistic, overly simplistic parallel. I totally agree. But I'm just saying I think that to a lot of the uninitiated who don't understand network effects, who don't understand a whole lot of the terms you may be using there, there's a lot of people that still don't get that stuff. So I think that as an introduction. You've got to find a hook somewhere. You've got to find a hook somewhere and. What was the hook for the Internet? Go on chat rooms. I mean, nobody figured that out for 20 years. It took like it was like five years ago when people were really thinking that out. At least the general public. It's going to take 20 years for Bitcoin. It's going to take 30 years. I mean, it's even more complex. What he's saying is that calling Bitcoin digital gold is objectifying Bitcoin. There's so much more to it. It's like me saying your wife is hot and nothing else, Josh. And you're sitting there going, no, she's got so much to offer on the inside. She's such a great mother. And I go, no, she's just hot. That's what we do when we call Bitcoin digital gold. There's so much more depth there. I just like objectifying Bitcoin. What if I walked up to you and I said, oh, this is like the Internet's like a message board. That's what it is. It's a message board. I'm like, is that going to, what do I need that? And what's the point of that? I call people on the telephone. That's how I communicate with them. I give them a ring. I mean, I mean, it's such a reductionist way of talking about something that's profound. And I don't want to make it overly simplistic. I'm going to explain how this thing is going to change the world. And for you to understand how it's changing the world, you have to put in a little effort. I can't just say it's a yellow rock. And much the same. Okay. So back to your fair point about the Internet. What was the hook for the Internet? We really had nothing to latch onto. There was really no handle. The thing was just so useful and so effective. Is it the Today Show, the one where he's like, what's that at sign? What is an Internet? You know, explain to me. I think it was. Is it Katie Keurig and Kirk? I mean, that's kind of the same discussions we have about Bitcoin. And I'm sure you guys have had firehouse discussions about this. Like, explain to me what this is. Why don't we, well, you got to put in a little work. It's a little complicated, guys. I mean, I can tell you certain elements of it. But, you know, today I learned something new about Bitcoin I've never learned before, right? Like, and I mean, I've been involved in Bitcoin for years now. And that's just how it is. I mean, it's just the, you got to start from that premise. Okay, sorry, we got way off and I apologize. So, we started with the idea, so just to reset, we started, guys, with the idea of like, why isn't the economy responding? Why do you have these markets floating towards all time highs? And I don't know if you can see this, but I think this is a great illustration. So, what you can see here in the red line, and it's really stunning here. This is US non -financial corporate net interest costs, okay? Net interest costs. So, let's break down what that means. So, you're taking out financials, you're using corporate net interest costs, meaning the amount they have to pay to finance their debts, right? The amount they've taken out. So, let's just figure this out. What has happened in the past when the Fed, by the way, this black line, you see, this for the folks that are listening, I guess not, can't see the graphic. There's a black line on the bottom that says the Fed funds rate, and then there's the corporate net interest cost. And what you've seen during prior hiking cycles, I don't know if you can see my cursor here, but in, for example, you're looking at prior hiking cycles leading up to 2006, for example, is that when the Fed started to hike, you saw the corporate net interest cost, meaning the cost of holding that debt start to skyrocket. So, what does that do? What does that do? From a practical standpoint, guys, what this means is that corporations that took out money are responding very quickly, when they took out loans, responding really quickly to raises in interest rates. And you see this through several past cycles going back to, you know, the 90s, actually, you know, even into the 80s. And what you're seeing, why this time is actually different, is you see this rapid rise in the Fed funds rate here at the end, but you see net interest costs start to go down. So, why is that? The answer is because companies, which everybody is well, you know, they're constantly parroting, there's so much corporate debt, there's so much consumer debt, there's so much debt all over the place. Well, yes, that is true. However, many of those debts were taken out at very low interest rates. Companies were filled to the gills with cheap money in 2020, 2021, when the rates were near zero, and they were like, you know, an all -you -can -eat buffet, effectively. They took out as much as they can. And that's consumers too, right? You're talking about almost 70 % of all mortgages in existence right now are under 4%. So, the Fed can hike to 20%. But in the short run, when companies, until companies have to roll this paper and have to actually extend out the maturities, they're not affected. Their bottom lines aren't affected. Again, this is net interest costs. So, this directly eats into their bottom line. This is what's going to trigger unemployment to rise, all these issues that we talk about. But the problem that many macro analysts, and I don't pretend to be a macro analyst, but I'll just tell you from my perspective, I think many folks missed this, myself included, last year. How much cheap debt had been taken out at very low interest rates when the Fed was beginning this hiking cycle. And they equated it to prior hiking cycles, where even, you see even this little run -up right here, where you see very instantly corporates respond very quickly whenever there's a hike. So, this is the story right here. And by the way, this is not just a story in the corporate. I mean, I'll stop sharing this just so we can talk more. But this is not just about corporate. I'm going to pull up just the fiscal side here while you keep talking. This is not just corporates, right? This is also individuals. Unlike, you know, you guys remember the, I'm sure you've seen the big short, right? Everybody's seen the big short. Do you remember how many people took out adjustable rate mortgages, right? A lot of those consumers and investors and folks that were speculating in real estate, they learned their lesson. They actually put out a lot more, a lot fewer arms into the space right now. They got fixed low rates, 2%, right? And by the way, now that those rates are 2%, not only are they more profitable, but because inflation is the big boogeyman, they have a very easy justification to go to all their tenants on their speculative real estate properties and say, we're going to raise your rent. And then all those employees have a very easy basis to go to their employer and say, hey, I need more money because inflation is running at 8 % or 9%. And you don't have something systemically breaking among the American consumer. Now, where do you have pressure? You have pressure in the banking system, right? Because the banks who have to hold this paper, they're the ones who ultimately have to somehow deal with the fact that their paper that was worth 50 % more is now declined rapidly in value on a market to market basis because of the rapid hike in interest rates. However, what the Fed has said is like, look, we're going to keep a general policy with respect to interest rates. We're going to say we're going to pedal to the metal. No cuts for two years, what Powell just said. At the same time, the weakest players in the system who are holding money good treasuries, we are going to support them where necessary through surgical approaches like the BTFP. And by the way, just to conclude here, this is exactly what the Fed governors were saying last fall. If people were going to listen to it, there's a famous quote that I've posted about a billion times on Twitter where, you know, I think it's Christopher Waller says, look, there's this notion now that financial stability concerns will cause us to not want to hike further. And we disagree. We think there are specific targeted programs that can deal with any issues of financial stability and we can still keep pedal to the metal with respect to interest rates.
Canha, Carrasco lead Mets to 4-1 win over slumping Phillies
"Mark canna and Carlos Carrasco led the mets to a four one win over the Phillies. Can I highlighted New York's 5 hit attack with a two run Homer in the third inning and a two run single in the fourth, both Aaron nola. He entered the night hitting just two 33. Sometimes it clicks and it doesn't necessarily mean that you get two hits and have a great night. I think sometimes it clicks and you have some bad luck in the pitcher makes like really good pitches and you go over four. Carrasco scattered 6 hits over 6 innings. Blanking the fills after a bundle Sosa's Homer in the first inning. Nola lost despite allowing just four hits over 6 frames. I'm Dave ferry.
FRENCH OPEN 2023: Alcaraz, Djokovic on same half of draw; Swiatek-Gauff could be in quarterfinals
"Carlos alcaraz and the man he just replaced atop the rankings 22 time Grand Slam champion Novak Djokovic were placed in the same half of the French Open field in Thursday's draw and could face each other in the semifinals. The 20 year old alcaraz is seated number one at a Grand Slam tournament for the first time and was automatically placed in the top section of the bracket, Djokovic is seated number three. 14 time champion Rafael Nadal will be missing for the first time since he made his debut at the clay court major in 2005, play begin Sunday at Roland Garros. I'm geffen coolbaugh.
Ohtani, Trout homer to help Angels to 6-5 victory over Orioles
"Shohei Ohtani and Mike Trout each Homer and drove in two runs to lead the angels to a 6 to 5 win over the Orioles, both homers came off starter Tyler wells. Otani's infield single in the 8th broke a 5 all tie. Angels manager Phil Nevin was happy with the split. A lot of talent over there. It's been fun, you know, obviously I've been on the division with them for a while and to see what it's become it's a pretty special place, so to get two wins out of here. Yeah, it's big. Anthony Santander and adley rushman homered for the Orioles Chris Davis got the win in relief, Carlos estevez earned his tenth save. Craig heist Baltimore
Driver in deadly Texas crash charged with manslaughter
"Police in Brownsville, Texas are investigating whether an SUV driver who killed 8 people at a bus stop acted intentionally. Meanwhile, a vigil was held Monday for the victims. Reverend Carlos Navarro passed her of iglesia Bautista and west Brownsville, says the community is finding it hard to come to grips with what happened. Sunday morning the driver of an SUV killed 8 people when he slammed into a group waiting at a bus stop, Navarro says so many people are asking themselves why this happened, but Navarro says this could have happened anywhere. It's just an isolated incident that doesn't represent our values and our morals and our principles. 34 year old George Alvarez of Brownsville is charged with 8 counts of manslaughter and ten counts of aggravated assault with a deadly weapon, his bail is set at $3.6 million. I'm down a water
Former California college student arrested in 3 stabbings
"The former California college student has been arrested, charged with stabbing three people, two of them died. These crimes were horrific. They're hard to imagine. Davis police chief Darren Patel says 15 people called in reports of a person who matched the description of the suspect near a downtown park, Carlos Dominguez was taken into custody. He was wearing a backpack and in the backpack was a large knife that was consistent with one that we were looking for based on evidence from the first homicide. Hightower says Dominguez was a student at the University of California Davis until just last week, the multiple stabbings over the course of less than a week shatter the sense of safety in mayor will Arnold's Davis. A murderer is off the streets. And our families will sleep easier. Police did not disclose a motive for the stabbings. I'm Ed Donahue
Cal Thomas: "Once in a While... I Learned Some Things From Liberals"
"I'm talking to my friend Cal Thomas, and you get to listen. It's kind of crazy. Cal, you have a new book out called a watchman in the night, what you've seen over 50 years reporting on America. We were just talking about Kitty Carlisle Hart. I don't believe she's featured in the book. That's why we're talking about her. Because people will buy the book. And they're not going to hear about kitty Carlos. So now is the time for us to talk about that. But you had the privilege of meeting her and getting to know her a little bit. And she really was kind of one of those iconic New York Grande dames, which neither of us is, let's be honest. Well, that's true. One of the lessons that I've learned over the years, Eric is if you want to get a hearing, you have to not just ingratiate yourself to people of a different political or social persuasion, but actually take an interest in them. It's why I counted people like Ted Kennedy, as my friend, I got endorsements for the book from Henry Lewis Gates at Harvard, a friend of Obama and pat sajak, the host of wheel of fortune. So that pretty much runs the political gamut from left to right. But we spend so much time these days attacking each other and throwing rhetorical bombs at each other. We don't persuade any one of the correctness of our point of view when we label other people and call them names. So I try to take the time to develop relationships with people on what we call the other side, although they're my fellow Americans. And that has opened up a whole new world of communication, listening by them and listening by me. And once in a while, not often, I actually learned some things from liberals.
"carlos" Discussed on The Eric Metaxas Show
"And oftentimes, there are multiple wounds. Excuse me. We're going to go to a break. Folks don't go away. We'll be right back. But she's nowhere inside girl. Folks, welcome back. I'm talking to Ryan buffet and father Carlos Martin's together they do the exorcist files a podcast. You can find it at exorcist files dot TV exorcist files dot TV just a few minutes in this segment, but we'll have more in our two father Martin's, please continue what you were saying. Yeah, so what I discovered was that if the devil is present in a location or in a person, there's going to be wounding in these four areas. My job is to find out where. So I don't bring some kind of magic God dust and sprinkle it on the person, and that's what exorcism is. I also don't bring a book of kind of magical prayers that I pray them and poof the devil is gone. My job is to help the victim and the relationship. He or she has with the devil. And then to replace that relationship with Jesus Christ..
"carlos" Discussed on The Eric Metaxas Show
"You could also text the keyword Eric to 9 one 9 9 9. You'll get a link to make your life saving gift text Eric to 9 one 9 9 9 or to give you a gift by phone, call the toll free number 8 four four 8 6 three hope 8 four four 8 6 three hope. 8 four four 8 6 three hope. God bless you. Folks, welcome back. We're talking to my friend Ryan buffet, who's a producer, a podcaster. Writer who does one particular podcast with my other guest father Carlos Martins, who is a leading exorcist. And they call it the exorcist files, and I was saying just a moment ago, this stuff is real. And we need to disabuse ourselves of the fact that who is just big and scary and whatever. No, I'll tell you what's scary. The name of Jesus is scary to demons. And God has given us the authority and the name of Jesus to deal with these things, but we have to understand the reality. We have to push away this idea that it's just vague and hopeless and I'm scared and I'm just going to try to get away from it. On the contrary, in any case, father, Carlos Martins, you were talking about the practical aspect of if there is a demon there, a devil, whatever we want to call it, if there's a dark spirit there, somehow you say it had what we will call legal access. In other words, there's some kind of unrepented sin. There's some way that it got in. And so you look at this diagnostically like a doctor. So talk about that. Yeah, sure. So if the devil is someplace in a person or in place, then he has a right to be there. He's gained a right. So my job is like a doctor is to diagnose where is the wound? Where is that doorway? And to treat that so that the devil loses his rights, the devil can not remain behind. Until that wound is healed or until the doorway is closed, if you will, then the devil has every right to be there, just like you have a right to be in your own home. You have a legal right. Nobody has the legal right to kick you out. So when the Devils gained that, he's present. And that's he's resting on that. So when I face a demon in exorcism, the first thing I'm going for, the first thing I'm asking, if I have not been able to find out through any other means, is what rights do you have? And of course, he doesn't want to say so. So through prayers through adoration, through prayers, both of my own and prayers of the church. And in fact, the team that I have gathered with me, that those prayers wear down the demon. They're horrifically painful to him. And we wear him down enough until that knowledge is relinquished. Having that knowledge, then I can set about to help the victim in undoing what has been done. So it's impossible to live in a vacuum. You're either on the side of Christ or you're not. And if you're not, then the devil has the right to harass, right? Only Jesus Christ has purchased the authority of freedom and has the right to freedom. And he's the strong man that has bound up the devil. And so until one accepts Jesus, the devil has a right to be there. Now, when the devil's cast out, as our lord says in the gospel, it's horrifically painful for him. And he wanders and he's in pain. And so the first thing he's going to do when he can when he's kind of recovered from the beating that he's got is he's going to try to go back if he gains a legal right again into that same person. Then he brings back other demons, our lord says 7 more powerful than himself, such that the second state of the person is worse than the first. And this is the story of my life. It's helping people get free..
"carlos" Discussed on The Eric Metaxas Show
"They got in somehow, how did they get in? What you're talking about and what people in my understanding is that this is very real and in some ways it's very practical. And when you begin to understand how it works, you have ways of dealing with it. So just as you said, we also remove fear from people that people are like, oh, anything can happen. The devil can attack me, actually no. Actually, if you know that Jesus lives inside you, and the authority you have with him living inside you by the power of your Holy Spirit, the Devils are afraid of you. It's only when you don't know that you have this unknown and you're scared. So the power of Jesus of the name of Jesus of the blood of Jesus, all of these things are real. And it is why I want on this program with you and Ryan to talk more about this so that people understand this is real. There's an objective reality and it's God's will that we not be afraid, but that we go to war and win in his name and that we cast out these Devils that got in somehow and plug up the hole how they got in, whatever we'll talk about that more when we come back. Folks are talking to father Carlos Martins and Ryan, but they it's the exorcist files, the name of the podcast. We'll be right back. 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.
"carlos" Discussed on The Tennis Podcast
"David. Well, I mean, I think on the upside, watching him this week made me remember that as brilliant as he was last year, that was not the finished article. That was teenage version Carlos alcaraz, and he's going to get better. He's going to become a better match player. He's going to understand the sport more he's got so much further to go. The worry is the physicality, the worry is his body just breaking down. It broke down a few times. And I mean, he gave a very interesting interview, I thought, on the court after winning that title in Buenos Aires where he said he kind of alluded to having done the wrong thing during the layoffs. He apologized, didn't he? He said, I feel guilty. I feel guilty that I was off during this period of time from the tour. And kind of it was my fault, is the gist of it. Look, we don't know whether his body can stand what he's putting it through. Now the same conversations were had 20 years ago about Andy Roddick, with his serve, how can how can a shoulder cope with what Andy Roddick is doing to it? Well, it did cope for the vast majority of his career. People said the same about Rafael Nadal. How can those knees in the rest of his physique stand up to what he's putting it through? Well, here he is 20 years on and he's still going. So I'm hopeful, but it's a long, long way until the French Open. And I think Carlisle Cruz's top level, it's different to Novak Djokovic, but it's just as devastating, arguably more, because he doesn't rely on you doing something. He just takes it from you. But things a lot could go wrong. In our algorithm, as group chat this week, put his finger on why alcaraz is so important, I think, to men's tennis, an important potential rival to Novak Djokovic because he can do something against Djokovic that nobody else now can do, which is the rinky and things of being able to hit winners from several meters behind the baseline, not just hang in points from several meters by the baseline, but have the strength to hit winners from back there. So the sort of the Djokovic tactic of just pushing you push you further and further back. It's less effective. And that seeing that sort of Superman versus kryptonite dynamic is I just want to see it. I want to see it over and over again. I want to see. One another out. And it was incredible, David. It was absolutely incredible. And the thing is he's also got the speed to go toe to toe side to side to get back in rallies to the way Djokovic can, but then take over with an acceleration and injection of power that I don't think even Djokovic has, and then he's got the softest butter drop shot, which is just, oh, what a combination if he can figure out his game well enough and stay fit. Oh my word. saw our crest Djokovic in Madrid, and it was incredible, but Madrid is an outlier of a tournament in that clay court swing. You know, because of the altitude, generally doesn't normally sort of forecast that well for Roland Garros. Rome tends to be the one where people say conditions are a lot more similar and yeah, I mean, I think David was only dampening hype in terms of whether he might win the French Open. I still think the fact we're even talking about that is a lot of hype. That was watching it saying, well, just close the competition now. Which is what I was saying. It looked like nobody could beat it. Of course it did. But, you know, a, Novak Djokovic makes people unable to play their top level. B Raphael Nadal has won 14. Don't care how injured he is. He's won 14 of them and see it's a lot to sustain and been a question mark since he won the U.S. open, so I logically understand all the reasons not to be on board the hype train, but also toot. In let's party like it's 2008 news, Simone bellion Fabio Fognini won the doubles title. In Buenos Aires, maybe 2008 a bit harsh, but definitely the past, that feels like a result from the past. Yeah, that's going back a bit. Well done to them. Heading now to Delray
"carlos" Discussed on The Stuttering John Podcast
"Yeah. No, it really is like the war on trans. By the way, let's not forget Trump banned them from the military. Mmm um. I mean, I mean, what is going on, Carlos, it's like, where is the compassion? Yes. Now, I've heard the first understanding. I've heard this argument where people are concerned about a kid saying it four years old, they're trans and the parents wanting to weather it or not to start hormones or not. And that's tricky because maybe we could say, gosh, I'm concerned from that kid because maybe he's making the decision too clearly. But just like abortion, it is the decision in the privacy of the family. They're going to make that decision. They're going to consult the people. I may not like it or understand it or might worry about it, but they got it. They'll handle it. You know what I mean? It's their family. The kid is saying something. Maybe if they don't want, you don't start the hormones yet. Maybe you just say, you know what? Say you're trans, dressed the way you want to, but once you do make these hormonal changes, it may be difficult to readjust should you not feel the same way. I could see that whole argument. But again, that is a private decision, which doesn't affect my life. It doesn't affect the life of the community around me. It doesn't change things. People act as if though people turning trans and or gay is going to change the community around them. It's like there's no proof. I once said to somebody like, I would give you $10,000 cash. If you can prove to be that my neighbors gay marriage or gayson are trans kid changes my life in any way, for the worse. For them. $10,000. I'll give you a month to prove it. Just come up with some proof. Still out there. That bounty or that reward is still out there for anybody. Come to my neighborhood. I'll show you where some trans kids are..
"carlos" Discussed on MTR Podcasts
"I think the community embraces each other. I think that the how say the the system. The failure of the system people have embraced become stronger community. You know what. I'm saying sometimes takes something bad to happen to people to start something good so hopefully us we come endemic where you see the cd becoming better. And better. and and embracing our initiatives visibility. I come from the komo parks spring area. I went to blair high school which was twenty percent. Twenty five percent black twenty five percent hispanic play for why he was one of them. The most makes a high school in the area. So i see baltimore like that and in us a seek grows and becomes a better. I don't want to lose that. So that's great that's very well said so. Last thing i got thing i need from you. Clavo location social media all of that stuff so bar bark lavelle bar underscore club. We are twenty five west twenty three in remington pink corner. You can of pink building the middle nowhere com enjoy. The food enjoy. The drinks enjoyed the staff. We do where a little passionate love to those down on hunting. Don guardian is a five one three where we provide free jitsu for uniform for kids for to seventeen i. That's eight come to baltimore and joy if nothing else enjoy the good food and the good vibes so Thank you so for for college. Robert thank you so much. Thank you my pleasure. Man always. I'm rob lee saying that airs are in and around baltimore. You've just gotta look..
"carlos" Discussed on MTR Podcasts
"So what are they have. Other friends circles a strong circle. There should be at home so so guardian his that laser. We want to be one of your mentorship program. We dow having the big brother commitment. Meaning that you. If you enjoy jitsu you can come in. Sue membership is tax deductible five five hundred three donation to help us have kids right now. We have nine kids downstairs guardian. Doing friedrich jitsu we given uniform. They come here dependency down sees them. We get him tired. They will home. They learn how to defend themselves. They learn how to cut out the self valuate surroundings. Okay they learn how to deal with their feelings when they feel pressure when they feel anything so and more importantly celebrations our community man. I want to have People from the helping incised from people from the breach the cy and their kids here volume. Everybody custody issues. Defer nisha doesn't mean because you have money you keep doesn't have to have money. We all face for different issues at different levels. They steal issues that affect human. So that's what i wanna have here. Is this helped me. A lot and with cartoon is the only way that we can put it through the community and and what needs what range of people need the most help in. Baltimore is our our kitman from four to seventeen eighteen trials to program for kids over over twenty twenty-five. Because i think it's very irresponsible claiming adult when you're at twenty twenty five when you need the most probably talk to you probably ten minutes ago. About how the mentors might twenties were so important but when you don't have a mentor and you have a corner. You have a group of friends so the same people of the same age. there's developing their. Okay fine talking to people who because people think. I'm either once i tell them how old i am out shit and i was like i'm thirty six and you know people think i'm younger than that but i find myself having these conversations with these twentysomethings and do that thing and it's like joe there's a lot of pressure for you had this shit it out at like twenty two twenty three and it's like i knew nothing and then just think about that like myself. I said let's already privilege mexican because private education and have a great family that raised me. And then like how great mentors both just think about grow in the city like even in my seat including parents in law without my without my beer that i had he will be pretty hard. I wouldn't have the doors open like they opened for me the same thing in baltimore. I always every time the somebody asked me. Why do i like baltimore. He resembles my cds so the struggles. He's a cd that need support. Both the support comes within the community. And i'm part of the community. I be doing the same thing in my seat in mexico. I william bracing the community because my family did that. You know what i'm saying. So what is the guardian is is is a reach out of me ban of to the community. Or what are we. Enjoy the most and newsra jitsu. So what helped me the most or the things that can help. And shaped me through the men that i am into fourteen years. What better way to do it to show you an embrace it to you and the footman is the same thing is i had the same enjoyment like when i go downstairs and i see kids trying to patrols and and double double-leg take down seven and that makes me happy because i know if somebody picks school they can say hey still messing with me and then if they mess with them again z. No policeman stop. But then they get physical. These kids are going to be able to take down. Okay control the situation. Tell me if you don't chill. I'm going to choke you man but you don't chill man. I gonna going to pin you down until the teacher or the police calms and then we tell them all the time. get up. it's tragic in pick him up. And then what happens. You have a friend but if you get the kids a lot of people talk about boxing and stuff like that if you answered violence violence. He only violence. Okay but if you answered violence with control and dominance and you're mature enough to tell the person to stop get up and say if you don't stop i'm gonna take you down dominate you again. But i don't wanna do that. Can we become france. And didn't you pick him up and let him go very to me. The way that you're describing never heard it described in that way but it makes a lot of sense. It's it's like a version of problem solving to me is like advanced problem solving in that introduces like chess. Success match is one person doing a move and they'll child personal counter in the move to get a better position on the person so ultimately what we can do is put someone in a google play and then get like a margarita. Is that what you're describing actually touched on one of my last one of my last questions. Actually so i guess the final question. I have before we get to shameless. Plug all of that. Good stuff any final thoughts of baltimore and what you think people should know about baltimore for those listening because we have people who are from here to listen and we have people who from out of outside of baltimore. Who have no idea what's going on like earlier. You made a comparison to baltimore to your hometown and like people would think that. That's a comparison. That'll be something new for people but we'll be your thoughts if someone tell me about baltimore baltimore's rossi. I will say associated that he's berry roy's very in touch with community and and and it's not easy to live into his joyful to leave into because the struggles i think bring strenght and cds too because we're humans. I mean when when huma struggle is natural for us to to to get together become stronger. That's what i believe But i think baltimore that you have your pockets of community and you pockets of friendships in the pockets of arts pockets of googles of creatives or into preneurs that he's neil to to generation and embracing is good. Because you see change these you can come and make a change. If you're a person the you look into make a change of an impact them. Goodbye biting baltimore city to do that to have opportunities to actually become a passion the you can project into another people in a positive way so so i think i think a baltimore when i said about their relation between khan and in baltimore is a very friendly a community oriented seedy small like a small town. So say a cd. Small cd small town his good stuff because this bad stuff but but there is always a face. Oh like we're. I'm saying like i ever go to the stadium available big baseball fan and you go to boston when they didn't. Oh so many beauty of the small cities. And i think baltimore has that beauty and why because.
"carlos" Discussed on MTR Podcasts
"By your president so that takes on because they their politics they are like you move really fast. And so yeah. And then this came the portended with clubs. L. came he wasn't. He took a lot of support. If i if. Gloria my wife wasn't me of i mean if she didn't support like she did it would not happy naive and top of l. for a year gloss open with a baby and i was in. That was not easy so there were a little sacrifices. Both he the sacrifice for a reason. I mean you hustle and got to call someone and you gotta sacrifice and then you look back and if you fucked up for review climbed the ladder and then you say look i struggle and star berlin four of history of a legacy that i can go back to my like man me your your mom and your dad were wearing a little room and one bathroom and you were a baby. Were happy and and you know what i'm saying. We hustle and and then we went downstairs and cover margaritas and they ceased. they're saying so so he's embracing embracing the how you do it if you can do anything but try your best to yourself you. I mean there's a lot of people try. You got to put it out there like even in in doing this You know there's a bunch of different things that presented itself a bunch of different weird things that people said. And i've tried to because i've been doing this years and made this. A goal made this a goal to try to grow this. Try different things and really put forth more effort in really. I want to say during the last year. I haven't really been saying no. I've just been saying let's just do it. And let's see what happens to your point if if you mess up you mess up but at least you knew you tried. And that's the thing. I told myself when trying to expand and grow in this space. Yeah people can people are gonna talk about. Accountability will hold them themselves accountable. I so if you're calling about accountability and whatever you call in accountability like racial injustice like any of whatever you know what i'm saying yourself first you're practicing what you're saying you're preaching what you're saying because if you're not the first thing that you should be protesting this to yourself in the mirror and then with yourself estar trying to project it to other positive energy don't throw rocks glass. That whole says yeah. I mean it's hard to to to hold yourself accountable to the standards that you want. Hold other people because it's hard to tournaments back on. You is like everyone else. But i can't see myself you know you're doing say bullshit right. This is crazy. Being hardwood yourself is I try to be hard when myself is hard for. My family is my friendships. You know what i'm saying. I'm not an easy guy. Sometimes it's like a little popular. Yeah but but it's it's just accountability in a sense of reality. If i want to talk the talk. I guess than the standard in an stemmed what i say and what i believe. You know what i'm saying. If i don't have that whether way have me congruent which evaluate like. It is what matters to me. Then do it otherwise you bullshitting. Yeah the only thing they gonna take when you die as myself in that nothing nothing material and it's kind of one of those things where some people run into that and i love you know things have changed in moving up in this this podcast pursuit in doing it with that interest. Or whatever the thing that you're driving right and i've heard different things. Oh you're you're you're so hard to get along with. And i was like because i'm driving toward something and i was like i'm very clear. Don't get away does just just. This is what i'm doing it. Don't get no way. Just give off the same effort or don't get like like i say he's behind people. Don't be rude to people. But there's some sensitive people men. There's some there's lessons sensitivity on on the atmosphere right now. Truth hurts men but as you said you do it do it. With love and carrying perspective so i got a few more questions before we wrap up here because we're getting into it. Let's talk about a little bit so guardian. what would it what is it. What guardian is pasher. Knows of one of my brother's been called back and myself and a lot of people's around in our jujitsu community ford to put you into places that no other sport dos because Somebody looking to choke you somebody looking to break your arm is always somebody look into. Thank you down and control you and humans. We don't tell control we don't take control. Our brain doesn't take control well so to put you in places that the oldest or the sports some food you of team sports don't do with boxing doesn't do it. Mma into it because they you can train those sports one hundred percent meeting going and train boxing with you one hundred percent because if i train one hundred percent every time i go supporting i go is something wrong with my brain is going. I don't wanna be coherent than ten years. Okay did so you can tap. I can go and tried to choke you until. I put john conscious. But you have you can top saying can try to break your arm up. So that gives you the ability of going one hundred percent in humans. Femara male male or female melon melon. Female can one hundred percent and have the ability of top and using techniques. Why are we passionate because it changed your team. He makes you humble and not everybody. Okay you can have some people that are still still pretty bad people but they bring their other the makes you like i was telling my my kid miller fear but not to panic. You know what i'm saying. So you never wanna panic so you can teach that okay. You can teach your kid when when a guy on the street and somebody attacks you and they pin you down and they pumped up. It's not the time you can be. You can be fearful for what's going on. We have to control those ins to start escape into get away When when somebody's giving pressure to you that you have meyer or like somebody there that you think is the greatest person comes with something shady or something pressure mental pressure. You start dealing with kids right now. They don't have a lot of people that the guidance they don't help people at home this that just the era that we live in parents are working and they know that home..
"carlos" Discussed on Ponderings from the Perch
"We <Speech_Male> <Advertisement> <SpeakerChange> <Speech_Female> <hes> <hes> <Speech_Music_Male> <hes> <Silence> <hes> <hes> already had <Speech_Male> a pretty <Speech_Male> good ebb and flow <Speech_Male> pattern to <Speech_Male> our virtual <Speech_Male> services and <Speech_Male> so being able to <Speech_Male> scale up to take <Speech_Male> those on. All it <Speech_Male> really meant was <Speech_Male> we were shifting some <Speech_Male> of our <Speech_Male> Client <Speech_Male> service <Speech_Male> <Speech_Male> and support type <Speech_Male> roles over <Speech_Male> to the virtual space <Speech_Male> which was a really <Speech_Male> great asset for us <Speech_Male> to have people who <Speech_Male> were familiar <Speech_Male> with support. <Speech_Male> Focus groups in <Speech_Male> an individual <Speech_Male> interviews being <Speech_Male> able to shift shift <Speech_Male> over and run them <Speech_Male> virtually really <Speech_Male> added more <Speech_Male> to that familiarity. <Speech_Male> <Speech_Male> Sense <Speech_Male> <Advertisement> <SpeakerChange> clients get when <Speech_Female> they come to work. <Speech_Female> <Advertisement> Got a lot <Speech_Female> of people. Do think <Speech_Female> of you as just <Speech_Female> facilities which is <Speech_Female> interesting. I <Speech_Female> feel like that's kind <Speech_Female> of the common misnomer <Speech_Female> out there. <Speech_Female> But you <Speech_Female> know. I have talked <Speech_Female> with you about the <Speech_Female> global recruiting <Speech_Female> and the global project <Speech_Female> management. You do <Speech_Female> but you. And i usually <Speech_Female> end up talking about the <Speech_Female> technology so <Speech_Male> that field work web <Speech_Male> work. That's always <Speech_Male> been there. i'm <Speech_Female> churches. yeah like <Speech_Female> you said. It <SpeakerChange> just went <Speech_Female> completely crazy <Speech_Female> but all along <Speech_Female> <SpeakerChange> you know you <Speech_Female> still <Speech_Female> imagine have a <Speech_Female> big request for <Speech_Female> recruiting <Speech_Female> period because <Speech_Female> even people <Speech_Female> who were doing <Speech_Female> their own <Speech_Female> research at <Speech_Female> their own facilities <Speech_Female> still needed <Speech_Female> to reach out to field <Speech_Female> work because <Speech_Female> of this <Speech_Female> unique place <Speech_Female> where you guys sit <Speech_Female> where you actually <Speech_Female> own all <Speech_Female> your database. <Speech_Female> So talk to <Speech_Female> us a little bit about that because <Speech_Female> it really is <Speech_Female> unique <Speech_Female> in the market research <Speech_Female> face anymore <Speech_Female> most people are aggregating <Speech_Female> <Speech_Female> or <Speech_Female> getting a <Speech_Female> few recruits from <Speech_Female> here a few from here <Speech_Female> but really <Speech_Female> be the <Speech_Female> the one left <Speech_Female> standing who <Speech_Female> truly owns their <Speech_Female> whole database is <Speech_Male> incredibly <SpeakerChange> unique. Tell <Speech_Male> me about that <Speech_Male> Yeah i mean <Speech_Male> In terms <Speech_Male> of recruiting operations <Speech_Male> that was one of our <Speech_Male> bigger pivots <Speech_Male> Throughout the pandemic <Speech_Male> was <Speech_Male> putting our <Speech_Male> our <Speech_Male> Recruiting <Speech_Male> resources in a place <Speech_Male> where they could <Speech_Male> work from <Speech_Male> anywhere <Speech_Male> Because we had <Speech_Male> <Speech_Male> local restrictions <Speech_Male> on where they could be <Speech_Male> in when <Speech_Male> we wanted <Speech_Male> to make sure that operations <Speech_Male> continued to <Speech_Male> support the online <Speech_Male> recruiting as <Speech_Male> well as <Speech_Male> do a ton of <Speech_Male> <hes> <Speech_Male> Td is as well. <Speech_Male> Those didn't <Speech_Male> obviously experience <Speech_Male> any kind of interruption <Speech_Male> <Speech_Male> During this and so <Speech_Male> the recruiting couldn't experience <Speech_Male> any interruption <Speech_Male> as <Speech_Male> well <Speech_Male> I would say that <Speech_Male> our biggest asset <Speech_Male> has been <Speech_Male> our dynamic workforce. <Speech_Male>
"carlos" Discussed on Ponderings from the Perch
"So i am the mama here at little bird marketing and i like to bring really great friends on the show and we'd like to pull back the curtain as it were and see what's really going on out in marketing and in market research. So i have with me a great friend anna colleague. But i want to put great friend. I so you're gonna love him. It's carlos martinez. He is the epa. Over everything of technology at fieldwork. Welcome to ponderings from perch carlos. Thank you so much. I really appreciate being here and being invited on the show and i just wanna say. I'm honored to be considered a friend and colleague. You also get other points. Because they're really like your wife pretty high marks marks so which is kind of a fun fact about you. Is that you and your wife crystal both worked for field work. And i think that's something that's very interesting about the ethos that field work. You all have so many employees who have been there forever and that would include you and your wife. This is true we used to be the youngest whatever the youngest here the youngest there and now no one ever references young. We are unfortunately. Oh well that went by the wayside. It's okay there better. Things are better things. I will say a couple of things about carlos that i really know he. Is this very motivated. Very curious Learner and i love that because you know we'll end up in a conversation but yeah but how does that work. How does this where how are we going to get that together. But he is always building. Networks apps teams and really seeing the technology that is needed for the daily operations of fieldwork. Which let me tell. You is a lot of technology when you think about the amount of people. They are recruiting for in person research. I mean the database alone is so massive and so i appreciate how much you are always trying to keep your finger on the pulse of what's going on in technology.
"carlos" Discussed on In The Pews
"That he started to them. Bringing the lord's work there. You go so the perhaps in like tools. I mentioned that don't feel sad. Don't feel abandoned. Don't feel isolated godwin never lead you down would always come closer to you where you are will meet you where you are in that room in that isolation jail or sell you are not alone will come to you leaving god on that note unbound if somebody's interested in that because i'll tell you i had an experience with unbound it was. I was going through a rough time at one point and father at told me you got to look into this unbound. He got me in touch with somebody was wonderful wonderful experience. It really helped me a lot. How how can somebody who may be carrying some. You know some weight or have some demons. How can they get in touch. How can they prepare themselves. So go to their web chat a whip and under healing ministry Sent a note and the mentioned unbound mentioned about because he says journey so in through the healing ministry. We're going to start prayed. I of the person a phone call. Or or virtual call whatever s solar star that journey. Then then you know in parallel reading the book explaining what am bounds all prepared for that session and then we have the session. Buddy sit through the healing ministry. Go to the website click. They're saying node ask. I wanna do unbound. The other make an eastern normally happens is either that or he michael in confession the he confession you know the lore uniform gift their scenes but then there's healing that is needed yes and they send these people. They recommend direct. They recommend asked to do so. But the the best one. If you wanna take initiative Is go to the website healing ministry and then send a note and someone one of us will will contact them and coordinate that. Could you tell us about everything that we do here. At saint faustina in terms of the spanish ministries and the the massive spanish. And all of that. Yeah so the beauty a that. This is the first time many barriers along the world. And the first time. That i see spanish anglo together. There's no difference. We do have spanish mass. That happens once per well. The the sunday mass at one pm those that are not coming. We'll have the thursday afternoon mass at six thirty pm uh-huh That happening spanish We do have the different small christian communities in the spanish joining they can find information on the web But the beauty is we do have all ministries is a joint effort spanish speakers and english speakers altogether. I love it Others may say that we need to separate that and be specific. Well the the of will make dot com right. If i said that you have to go certainly at the beginning to bill these these church. I'm pretty sure the father was inspired the holy spirit to say. Let's build that together. We don't need to separate that. Have those bilingual masses lingual masters as you can see the he'll in the healy masters in that we normally half they are bilingual. We do have events that We have guests that spanish speaker so trying to to cover the needs of both communities right but but but the beauty. Having that specific spanish mass and representations of spanish speakers in the different ministries including pastoral council helps a lot the church to make decisions that defeat the purpose and the needs of the different communities because the realities of cultures are different. Yes we need to acknowledge that. So he's not so much that our faith is different or our prayers are different but he's the culture and understanding our culture and some of the decisions we make important so rest assured that we in south carolina we have representation from different cultures in everything. We we decide to feel like it makes people feel more. Welcome absolutely in a this. This is our mission right we. This is our mission. That mission here is to be divine mercy that everyone is welcome and you feel it. You know where you come to some fourteen. You feel you feel it. you feel. I'm a home. I belong here. It does the holy spirit right you. You certainly see that the holy spirit is allowed to be here is allowed to be here. And that's wonderful there's no A good reason why you these young perish. I look at the average age in this parish. That because he's a welcoming patch and he's not so much that we are not following the catholic doctrine. I people feel that. Oh no this is welcoming. Because you're not following the traditional athlete. Oh no we're following by the book by the book but it's about showing care never everything you do show loft never fringe do in everything you say i could actually tell you. These are the commandments. But it could be in inviting way or i could tell you. These are the commandments. If you don't do it you go to hell. In san francisco we are inviting over and over and over again to law. God asked got lucky. Are we perfect. We are not and thanks. Be to god because that is a journey that keep us in our feet continued proven and better and better and better day and if i can say something else we have another responsibility here. I is to protect the clergy as predict either that this protect baby michael not only we prayer but be there for them. Let's make sure that we are not of the temptation we call that and tation for them is make sure that they are protected. They feel off but they're protected. The are calling right responsibility. We cannot leave them alone in this journey because the churches attacked as what we have thousands of soldiers that so i to protect by the navy michael into protect the beach. Be to protect the cardinal. And we do what we the best way but we half law. They were those two. Oh my god yeah. We're gonna we. We're want about already. We know that. Jesus already want that matter. We thank you so much for being one of those soldiers running wish you the best of luck throughout the rest of your the formation and we look forward to having you come in as deacon. Can you imagine that at least pray for me but more importantly pray for my wife and pray for my daughter because if it is one thing i wanna i wanna be. I wanna be a strong catholic family. Idle want people to see deacon catalysts disconnected with the family. I wanna see the akron family. See deacon catalyst astronomers every with his wife and we are proud daughter that law the catholic church love while we do. Sorry the church. We look forward to seeing that. Thank you my friend. Appreciate it richard. Alright thank you. we appreciate you being here. Amen amen..
"carlos" Discussed on In The Pews
"In the middle of it so pray pray of course and and don't be afraid to start the journey right that's why the discerning period is all about the first two years is about discerning though. Don't say no to yourself. If you feel like you said call go for it and be open for for. The lord's boise's trust information team be humble. Any vance is. This is not your call. You're not ready for the ads. Fine yeah there's no shame in it. There's no shame so go for it. I would say the best advice. He's if you are considering that do it and and pray and ask the lower if your goal then led me finish a finish your call. Do something else helped me to realize that because dad journey is a is a learn learn or everyone budi when you are in the these earning period and they tell you know a two years. Yeah how do you take that. How do you how do you accept that information teams. Say we don't see the calling you or you're not ready. Yeah or we're gonna postpone that. How do you take that Probably many backing. Today's wanted to be one of the twelve apostles. Only twelve boss. Were yes i'm we don't we don't know the bible. Yes perhaps you can happen. Laura wanna be one of them. I want to be the possible it. He's call hours a many people. Maybe we're disappointed. Or if i'm one of the puzzles i'm now they're disciple. So how do we take that that rejection if you will the we continue serving the lord the we accept that it is his wheel if he wants us to be deacons or one of the twelve apostles or a priest or religion. Man woman it is. He's call hours. That will be my advice. go for it. And don't be afraid. Pray pray and if it if it is god's will it will take care of it like did with me for sure. We wish you the best of luck with you. Know moving forward. And all of that one last thing going back to the different ministries. How can people be a part of these ministries. Yeah that's a good question so I think the first thing is find out what ministries do we have right. Lotta so we. In bulletin we have listed all the ministries one on the website the website as well We have the leaders of each ministry. the reality is that due to pandemic some of the ministries are not that active. Yes They are not functioning the same way they they used to they used to be. That's a reality. But what i would say. Start searching asking you know what. What do they mean with. Women are mercy. Why did they mean with You know whatever the program re reaching out. Or what do they mean with this different ministries. What do they do a. How can i be out of at one. So that will be the first the first thing go to their web. A check buddy. So they're they're the names right an email make a phone call and ask we. We have needs. The reality is that this is a growing parish We we have more needs than tears as a reality will always have the luxury. That's a good problem to have Then so if you want to participate in one of the ministry find out which ones are ugly. How can you contribute. And i like to take the opportunity to also say these. There are many that we've all good intentions would like to create a new ministry. Well the reality is that we are limited by space. Limited by resources are limited by the pandemic. And he's not that. Finally that wanted it is that we may not be ready for that one. More time i we obedient enough to take that now from the lord. Say thank you laura. I know he's not a time. Yeah it as okay lower. I'm just an instrument instead of saying they told me no. I go to another patch and see that happen. Yeah yeah so anderson because because we're human means and we we wanna help yes so we cannot forget that it's not about us is about the lord he's church where all instruments and so probably the biggest challenge. We have woody. We're not obedient. We need to be 'obedient to be a deacon by the way one of the attributes that you need to be 'obedient to the cardinal to the bishop in that case. The bishop is one that will tell you to do that. Oh no no. No no wonder if at i wanna do it. If that's that's who you are. This is no your call. It could be something else for you by the way that great opportunities in the catholic church you have plenty of opportunity for everyone perhaps if if been obedient. Niger attribute your strength. Then this might be your same thing if you are you. Want to be part of a ministry or create a new ministry. Always am i. Abedian my humble i am. I sure that this is not my decision. But following lart. The lord The in the lord's direction. Okay now y in terms of the healing masses. This is open to everyone. It is hard to everyone. You don't necessarily have to be catholic. You don't necessarily need to be carefully the beauty that we don't ask door joe me. Catholics are difficult to come here. Show us your secret handshake or the secret code. Not at all The everyone needs ily. Everyone needs healing. So we have he info stena and you can check on the whip. Did date come join. Virtually whatever whatever he takes but be. Press anyone in the helium image. We all need killin and is so you said virtually so it's on the livestream that livestream saw on youtube or the website or the facebook page. I describe khuda church. We do recognize that you know. Under the circumstances people may not be able to mobilize so put the he'll in. The hilly will happen because there are no limitations to lord so the healing masks open to anyone. The healing madison is an opportunity to bring your needs in front of the lower and let the lord act so come He's one per month. It is a wonderful opportunity to disconnect forever and then just bring that at neat in front of the lord. the reality rudy's that every match is healy. Mass does reality. But there's a let let's face it we as beings we need that dedication right like the special name for it. He's fine because it seems to to to the crash. But he also preached and he also send the disciples to evangelize and to baptize so he found. Well he created that evangelization way that meet everyone wherever they are. That's the beauty got takes initiative and go and go after you. He's searching for all of us and he's giving us opportunities all over the place so we can get closer to those. That cannot come physically again. The eucharist physically worth the lawyers reaching out to them. Yes.
"carlos" Discussed on In The Pews
"One thing what a wanna do a to to show or to show my daughter that doughnut formation eighty obstacle. I'm on the family. Yes i. I've been very careful Forever rudy to make sure dot. I don show my faith. S a blocker obstacle between my daughter me and unfortunately i've seen that i've seen very active people in the church servants ministry that unfortunately that connection with the keats is gone it actually hurts their their family life. Yeah so and. I'm not here to judge anyone but for me has been. I want to make sure that my daughter is proud. That i'm going through the formation that she doesn't resent that years ago through it and not only that she feels part of this journey That she is also there so one of the way. We decided to do that for my wife to be there on those weekly events Where the the next day. There's an exam or there is a homework so she's there to support my daughter while i'm not because she doesn't feel that my parents are taken away is my dad because that the responsibility but my mommies here okay. So that's why she's not taking the classes view but that is an option. Okay that is an option. Oh so in our case it's working really well But i would. I believe that. If i had to go back a may make a choice i will do the same the same choice to have my wife preston and bear while i'm doing the formation the spiritual formation on saturday together in a face that good balance what part of the process are in right now so we are in the last two years in the last two year. We're we're entering our. They call the senior they senior year but he's basically where we're going to be institute or lectures acolytes so that means he's the last two two parts where you are. You're now start into learn one of the main roles of a deacon which is preaching because a leak and has three main roles right one. If is liturgy do they. Want preaching service So preachings where. We're going to start practicing that right reflections and is not so much homilies because homilies for the clergy. But you get. You're going to be here for that. So we are in that year wearing a year now where we are social ministry active eventually due to the pandemic. We cannot do much of the social media jess away. Forgot to mention the other. Ministering that i had he was present i went to. I was speeding gesture. Three unit here in richmond so as one of the members when moseley basis to to jail to the precinct to basically mates. And what's that like really scary. I would be scared to go. I know it's wonderful because because the moment you enter there. And i remember these routinely. Share these with you. First guy met good friend of mine. I love into that. He asked me. Why are you here. Why are you here. You could be at home. We daughter we why you don't know me hawaii spending time here so i had two choices or many but one of the choice. That's good because. I know that. If i help i will go to heaven. Lower said if you visit me when it was in jail and how will take care of you com. Welcome or it could basically said because you matter to me because you're a human being you deserve a second chance and i decided second they said because you're these airforce. I can chance because you serve to recover your dignity because you are a son of god. So i'm here to talk to you. God so that moment you know change away. I saw society. Because i learned rudy. That yes they made by choices. Horrible choices yeah. They know that. Who am i to judge them. And when i when i met to understand and realize their childhood or the likeness. They had in their life experiences. I i was so grateful. I remember one event. I was doing bound at three. So that healing ministry we with animate again. I came back to my home. My parents were basically me and a hard. My dad and i told him thank you. Why thank you for showing me law. I light because this guy didn't you didn't have that. Love was horrible. Ended affected him his whole life also resolved to a bad that right and that more slightly that experience with their parents until on So that that showed me that coup am i to watch but also how wonderful east when you can bring hope to those people. I talked to some of them. They've been thirty years in jail. One of them joined when he was eighteen. He was forty eight when i talked to him. Wow and when you're able to show them the face of jesus lofty task for them forgiveness and held them to forgive. There's nothing better than there. Because you can clearly see how they are free free from those gi noah resend and those fillings and at a mention to you get free they now can laugh. They can actually talked about those people and say. I forgave him and they believe that do do you go to do you go to them or do they come to you when you get there. Well depending joe so the way war is this is a catechism program. Okay so we gave the and does go through unbound. The they would. They had to read a book. They had to pay for that situation. So they come to us. meaning dino. don't don't care mine who is coordinating debt. By by the way a wonderful. He's an angel. He basically coordinate. I make sure that people that come thrown ready that okay because you have to be ready. Yes to renounce. Do you have to be ready to accept that you need to repent and you are willing to forget so they come to us so we will go there and they'll say okay these are the least. How many can we do today. Depending on how many volunteers we have. We do two or three sessions when we go there so again. Meaning that we had any was wonderful but for my daughter rookie. That's one example that my daughter would say my dad is not here. she is helping the person She she may not have noticed base. But i've heard my daughter talking to her friends and saying you talk to my dad because he held people in imprisonment so he would understand what you're saying. So i know that she knows that i have not been around that often. And she sacrifices and sharing time my time with all this but i'm sure she's proud because she's part of that story so the people in the prison they're prepared for you when you get there. It's not one of those things where you walk in. And they have no idea that you're coming however experienced happened that we go to the chapel And isa isa outside but they were doing some repairs one. Did this happen in a couple of times. We had to go through the gm and through the main person to get to that top. Okay so now. You're surrounded by hundreds of inmates. Yes no tense. Dot is a moment when you realize it's the holy spirit acting i. I was not afraid at all really out all honestly.
"carlos" Discussed on In The Pews
"Wine in father that have talked about me conceding to become a deacon. Now what is the difference. I wind up yet. The too busy. I was you know in so many different ministries and activities hyun sound folks deny helping. I was traveling. I was not ready for that. At the difference of god's call so if i want i wanted it was all about me new orleans yes dating and i know that the lord of course you say okay now. All of our me not about you. So i talked to my wife thinking that she's gonna say you are crazy. You cannot take any else. Of course When i talked to my wife she said who are we to say no to lord. So i said yes. Because you said you're you're busy with a lot of the ministries and then you've got you've got a kid in elementary school. And elementary is very busy. What ministries i were you involved in here. I was healing ministry And now we're doing bound. Ear is also part of the healing ministry. Okay i was you know. We had our group prayer here for manuals. Called real connection. That i i am leading or west-leaning still active stena we we. We started with a female patients with their spouses of the real connection. So rudy plus. I travel as i mentioned to you a lot and a lot. Meaning all over the world for work for So to singapore and brunei to here in america every single day. I had something a meeting with my group. Prayers or the healing ministry around brown or or rosary know day available. Uh-huh said i cannot take anything else but again that's when you realize it got cole and he will take care of that so we said yes and from that moment it was a journey for me to become more of a nod mary. I was so busy serving the lord that i didn't have time for the lord and the lowest telling me slowdown drop everything. You're doing and sit next to me. I want you here. I was listening and he find a way to make it happen. So in the first two years of formation which is called discerning surname period. You are disheartening to call. Of course they formation teams discerning native real. Yes they asked me and talk to father. That's carlos need to trump all the things he's doing and fog is on the formation. Okay before we get into the formation. Let's talk about these different ministries shall we. Could you explain to us. Yeah each each of these ministries that you've been involved in. Yep so the and let me start with an umbrella. On a spot of the healing ministry and bounties i it's a catholic Formula or catholic way to free people from their past experiences. Anything traumatic experiences. Okay so the basics of that road that you didn't have moss moss moss monthly or most likely. You didn't have responsibility of an event that happened to you. You were a child and you right now. it's not your fault. Yes now their reaction your emotions your hade in when you are fray in vain and all those things that stemmed from that past experience correct. They came out a few. You had control they experienced. You didn't so. I'm on his all about in the links with those reactions. We call them lies because that as the devil that he's telling you you hold onto them. They belong to you. You really you need to hate all men you need to. You know you will never forgive your dad for he d to you send. It doesn't have to be something as traumatic as that can be something much smaller that you just. Mfn every single day we hold onto those emotions and reactions right. Someone tells you something that you did like something that you ask for. It didn't happen so you you all those reactions failings Come out a few. And even the word of the lord has no. We're coming the body that contaminated buddy. What comes out Those are the things out so it is a process where through five keys. We help guide someone to leave rate. I'm bonnie means free freedom but rate enough from. Oh lemme lift that behind. How continue freedom from moving from a darkness place to alight place not somewhere in between so the first one is as forgiveness in faith Or we percents faith so you repent knowing that the lord wants to forgive you the second one if the alert forgive now you need to forgive. The third key is about renegotiation. You'll renounced all those is therefore one as authority is like you recovered authority half a son or daughter of the lord and if one is the blessing from the lord so he's ninety minutes is a very quick session and in that session you help someone to recover their thirty so that ministry. It may sound easy but it demands a lot because you're going through years years of years of suffering of some of scars and all of that yes in. How do you prepare to become the instrument and other start. You're not supposed to be a psychologist and be guessing. I'm gonna be guessing where west problem you don't need to guess you need to lead the holy period to act. So i got to a point that i was doing sorry. So many umbalanced sessions that it was simply too much too much the healing ministry. We've also had one mass permanent but also we had meetings that we had to prepare for that of course and in the healing masses. Same thing people with you know ones and concerns and fears. They will come. Ask for prey. So i was doing that on a friday as well. The problem rudy or the challenges. I have a young family friday's today after. Abc week that you would do things together. Yes i did a half time for them. It may sound a drastic or it may sound a amazing when troubled the things i was doing and now together with the pandemic which means that. I'm working from home. I ended a tuesday at seven. Pm watching tv with my daughter and my wife insane to myself really enjoy this. I don't think i've been doing these that often spending quality time with your family. I had no time and i'm not saying that i'm proud about that. Uh-huh i wish to be serving the lure that he did half time for the lord and.
"carlos" Discussed on In The Pews
"I don't mind to talk about my church my faith but let's go back to the evidence and the facts. I know exactly what you're saying. I'm going to open that letter for you. Uh-huh i've been able to review the letter together and then you can ask me any question. Look actual source and not the spin the because what they were referring these any interpretation that someone made yes. I can give this letter to my daughter. She will have a different interpretation. That founded that myself you a great opportunity to educate each other What happened after that. They came to me with real question. I really wanna learn. Why the catholic church does this. Yeah why the position on and you can imagine almost charlie divorce. Nfl all those problems that we deal nowadays and referred to the catechism i said is whether says and then of course we can't. We had that debate about well. But that's not what i experienced. I saw a pristine okay but this is where the catholic church says this. Do i accept that. They are about practices. Absolutely i am the first one saying. I'm i failed. I don. i've made a mistake. We all feel we all fail less used. The evidence is to have that educated the conversation it was wonderful to have the opportunity to those people that are the beginning. Wanted to you know. Bring you down and humiliate you. They were next to you. Wanted to learn so they first came to try to challenge you trying to say okay. I'm gonna put this guy in a in a spot where he can't answer me. I'm going to embarrass him. And then you turned it into an opportunity to open up. A discussion does evangelization right. Yep that's what it is. And and i'm not saying that they were converted. I don't know. But i've seen that one of my mic leaks. He before he left he said i am going to marry. I didn't mention this to you. I've been in preparation. I'm going and married in the catholic church said okay and you planted some seeds to what it is dice. It and that one is going to help authors. It was john. John guy right In the in the high twenties wonderful opportunity so two thousand fourteen is when they left the netherlands and the brought me to houston texas because of work because of work so you company moved you from the netherlands. And how old was your daughter at that point She was five and a half almost six years problems with english. Now be now. She wasn't an american school of hake dot time and she's brilliant. She's very smart. Alava two still speak. No no no no none. She lost that unfortunately. What is not going to lose as the accent. Because what happens is any acts any language you develop before seven accent is the one that will remain the vocabulary. Gone her whenever she decides to go back to dutch she's going to pick it up really quickly. with a perfect accent so my that time. She speaks perfect spanish and english because as a rule at home speak. Spanish at school was english and antiques. Was starch so she was trilingual trailer. That's pretty cool trailing moving here houston. What year was that. That was two thousand fourteen and your daughter was held at the time. Sorry i can almost almost six so she started going to school. Yeah houston and that's when you found saint faustina. Well actually i just that started in. Saint joan policy can okay and the energy corridor. That's eldridge We moved here to Filter so we actually moved to terra. We bought a house there. Guess what we had the school. Yes so i was very close to san tina. But i didn't go to san jose ca said. Did they know that. San francisco was there. You don't know that we were having mass. The school yes. So i started going to follow mu. That was perished that. I i started working with so it was a lecturer over there Of course when they moved here. I wanted i want to help. I want help you know i. I've always been very active. I'm so i wanted to help. And i started working follow me. Yes electric for my role my job. I traveled a lot. Woody so it was very hard for me to really have a more active role in in any ministry So but somebody thought him you one that opened their for me but why refer the distance because when before we moved from the netherlands here there was one thing. It was a mosque for me. It was a catholic education for my daughter in the netherlands. We couldn't get that an and the reason is even though there might be catholic schools not a catholic curriculum really so but but that might be a conversation from for another time but what it was very important for me because even though hair school was great academically american school of was fantastic and he gave my daughter the opportunity to work with people from around the world Different faith in different. Believe or not believe. I was missing s. I mentioned to you that support from the school. I grew up with so i talked to my wife and we we agreed. She's going to study in a catholic school. So i did my homework when it was in the netherlands in and we decided jump aldo second eastern school that we wanted to go there was what is far away doesn't matter we'll commute. We will sacrifice whatever she's gonna she gonna go there so she started in preschool in saint john. Paul defected to the second catholic school. And she's there nowadays so after six years or so cool and you're in the formation program right now and you're four years into it. How did that get started. Oh that's the best question. Okay so this. This was a second call the first call. I got to to consider becoming a deacon happen when western orleans make sense right public. you know. Everyone knew who. I was on that radio. Show so one lewis came to me and said you should consider doing this. Let me tell you something. Woody i i was. I was ready to be the i wanted to be. I would have loved to be a beacon and they told me no really and they told me no. Because at that time i had a working visa. Okay and which was meant to be for a period of time and the the diocese said you move so. We don't think that you have that commitment to complete the program until you have more permanent residency. A things like that they then we could go see that dan ten years or something after that Bomb palomares who was also new formation. Here told me. I told father that that That you want it to be an an act so we made an appointment so you're gonna talk to father that to become an accurate. Ah chai came here. Ready to talk to her that become an and not quite so when a said sat down and talked to other that he said okay godless. I'm i'm so thrilled that you are considering to become a deacon.
"carlos" Discussed on In The Pews
"Was the entry point is is there was entry point in through this question and i met either pay owners If either pay as well known indie the Mundi also i. I work very close with him. I held him on his office. I you know. He taught me how to preach. He told me to evangelize. He gave me opportunities to get close to the wounded to those in need to be closer to the community and an identify myself as holder. What parachute this Well many many many peres but he was saying he probably was the the the parish in new orleans. We had two or three that we went. But i had only milwaukee's the one where sunday's was happening and where we had the opportunity to get closer to To the community to my faith so those were antacid. Five years rudy were in. I got to learn my faith. I got to learn my religion. I got to learn you know what being catholic was all about i. I experienced first hand. The need an and it was wonderful because he helped me to appreciate in a what they had in don in not taking for granted some of the things that i had at the moment so those were five years in in new orleans it defined it odd that you grew up in a in a catholic school family was catholic. And it wasn't until you're you're much older than you actually really learn what your faith was about like you said. Yeah i i don't think he's. I think he's a reality and and scenes. Dan i've been trying to change that You know first of all my family many when my daughter or my nieces and nephews with my friends. I've been trying to evangelize in hell. They understand as early as possible. Why did he used to be a catholic. Because i think the school could help. But they don't. They don't have a snow their role to to get you to be a catholic. It will help you when he has to happen. At home so A great point. I feel that my school was wonderful. But we so any priorities right. You know you wanna be with girls. You want to be popular so it was so many things that were priority for me in. I don't think that's wrong. If you create a balance it spinal being a teenager. And i do. I do exercise teenagers. They need to have fun. And then you take care of the hair. And the clothes. I i take it. I get all of that whether you're in a private school or a public school about a balance at the end of the day. You need to ask yourself what really matters to you. And that taught new orleans taught me that because people that lost their jobs their houses their cars. They career everything. There was one thing that they couldn't have well they didn't they didn't meet so did lose their faith. They said these are good example fail. They doesn't matter the name of the hurricane it doesn't matter the name pandemic faith is there because he's a gift from god. Judy side what you're gonna do with it. So that's why it wasn't. It was wonderful opportunity that my parents gave meet that. That seat catholic faith. Yes and the only thing that had to do is just put water and put a close to the song and make a wonderful tree right here. You talk about. This just reminds me of myself too. Because i did spend a few years and in a catholic school but i didn't really learn what my faith was about until much later and it's funny but you're right it's the seeds there they give they give you the guide but there's more than just that like you said at home and and learning all those things and focusing on what's that is growing import that is correct. So how did you get to houston from so orleans new orleans. Us two thousand eleven and then we moved to the netherlands in europe netherlands. What brought you their work or okay. So i got a job a wonderful job opportunity to move to the netherlands interest in as how the lower works right. I was very close to the church. Active radio show helping everyone preaching. I thought this is it. I'm the star serving you. You could ask anything else from me. I am a good. He's able well. He had a different plan. You said well you. you're ready. I'm going to send you to the netherlands to europe. The catholic faith compromise. You really want. Vengeance is going to take you out of your comfort zone. Oh wow now. We're going to talk so i talked to father. Parents said you know why. I thought i was doing everything right. Why is the lower in sending me to the netherlands. Where i'm here. Yeah very happy and doing well. It's like a well oiled machine and now a monkey wrench is thrown into it. And you're hold up hold on before you get to that you said radio show. Yeah could you tell us about that. So yeah father pay you know as You know he has a radio show In in ohio catolica mundial which is a sister. Ewn right okay and also tv show go no company middle so fake folic solas shoes so they're in spanish right Solas shoes essay along with jesus that is radio show. That's the name okay. He invited me many times to that. Show that join me. So i was. You know together with fire. Pay talking in prior cattolica mundial in front of millions of people because it is hair everywhere i think back in the days except china so they'll paternity to be in front of the microphone talking to the people about you know what it used to be a disciple. Meaning good bats right the mistakes that we make but how we need to trust and those types of things so it was a great opportunity rudy to put yourself out led the lord through you because i was not ready to be in front of a microphone. I mean an engineer a nod. I was not ready and educated to do this. But that's the moment when you realized okay. You're not star. J just instrument yes so if you let the holy spirit us you is gonna go well. And he happened to be that. I was in an a couple of Night where. I was alone because the could make it. Emergencies are always happen. I was scared to death because they were life. We opened the line and people will call on. They'll ask advice last questions about. Wow and and believe me. They're not easy ones. Did you get questions about canon law and catholic dogmas. Those are the easier ones the issue. One the tough ones are life related. Oh yes my partner is hitting me. Oh wow abused me. What.
"carlos" Discussed on All The Responsibility Podcast
"If you don't do it what if you don't invest in that hungary product manager. The reality is that most of great pm. There have a lot of options. So you want to retain talent. You definitely need to invest in them. Otherwise you're gonna lose them. And i think this doesn't only apply to This applies to other key roles in go bunnies. That's a great great perspective as you think of the time you've been doing products school. What are some of the things you've seen in the way that executives are perceiving product management. And what do you see. Even maybe further than your new book just came out. What do you think will be. The types of changes at are gonna happen. In particularly in the executives perception of product management in their view of how it impacts the business and things like that unbelievable on on the future. Because now we're seeing more companies creating an executive role for the people of the c. suite the naval chief officer. These wasn't that obvious not too long ago. The the highest ranked product manager used to report to a chief marketing officer or a chief technology officer. Now load of companies understand that product sheets at the table and even going forward there. We're seeing more and more sutin. Does that come from product background. And i think that's really powerful examples of that. Google facebook microsoft dropbox so if i see comes from product that they understand probably believing and that means that this is becoming a coacher a mindset much more than just a job title. Nice very good well. This is fantastic carlos. I love hearing about your history and also what you see as the future of product management. I love your excitement about product management at matches mine. I'm really excited about that. If people wanna learn more about you and or product school. We're should they looking. What should their next steps be. Yes so. I'm very active on lincoln if anyone wants to connect with me Conversation please do so and then if you want to learn more about our resources yes go to our website pro school. The come over ninety percent of the things that we are free from books reports two thousand events per year conferences. We have a jump ball. Who had discussion forum. So i invite anyone to continue the conversation. Learning journey will. I will definitely put all of that information into the show notes for this episode. Del i really appreciate your showing up in your i. I really just enjoy your enthusiasm so much. It's thank you for doing what you do. The geez i remember listening to your podcast with studying product brad school so one of your co.