38 Burst results for "Chinese Communist Party"
The Dan Bongino Show
Don't Jump to Conclusions About the Mystery Virus in China
"Hostages held in terror hands and on this pneumonia in China. I don't even know if it's pneumonia, and no one should jump to conclusions on it. That's what they're saying in the media. They'd be saying, here we go again. Now, could this be dangerous? Yes, definitely could be. We've seen this before. However, I don't trust anything coming out of the media. And I want to warn you, I'm not an epidemiologist. I'm not a biologist. I'm not a medical doctor, but I'm not a moron either. I'm not stupid. I'm well aware of viral transmission vectors, how diseases spread. They spread sexually. They spread through respiratory function. They can be aerosolized. They can be droplets. You can get a disease spread through a third vector, mosquito, dengue fever. There's bloodborne pathogens. This is not it's stuff. What is this thing in China right now? What is it? You've got to keep one thing in mind. The Chinese Communist Party, anything they're going to put out is probably going to be a lie. But you also have to keep in mind, they were under really extended lockdowns for a long time. Folks, the immune system like your muscles needs to be worked out to develop and grow, to learn to recognize deadly pathogens from common bug. There's a significant portion of your health. These Chinese Communist Party folks had their people on lockdown forever. I just want you to keep in mind, could this be something serious? Yes, but it could just be a normal virus that's making its way to China because their immune systems
Mark Levin
Fresh update on "chinese communist party" discussed on Mark Levin
"Corrupt. He's lazy. There's a story that just came out a short time ago regarding some more mysterious money coming Joe Biden's way. A bank investigator at Chinese unusual payments behind the $40 ,000 check to Joe Biden. I'll And share those details with you as well. But he's corrupt. Remember in 2020 when the Hunter Biden laptop story and immediately the unholy triad of the government and big tech and the corporate media rushed in and they told you it was Russian disinformation. If you tried to actually read the story, they wouldn't let you. And they took the New York Post off Twitter for, I think, two weeks or something. You couldn't share the article. You were if you ever said anything like, wow, this Hunter Biden laptop is real. It was flagged by then Twitter at the time, now X, Facebook, all these other sites. Well, the reason why they did that is not because of the disgusting and they are disgusting pictures of Hunter Biden on the laptop. I've seen them. You've seen them. Ever look at them before you eat a meal. It won't work out well for you. But it was not because he was snorting cocaine off of strippers. It was because of the corruption of Joe Biden. It was all there. And in 2020 he was his uncle Joe in the basement. He was going to be the nice guy that brought Americans back together again. Oh, make everybody love each other just like a like an uncle who takes you to the zoo for the day and then lets you rub his hairy legs in the pool. But if they let everybody realize that he's actually a corrupt swamp creature and also, by the way, a jerk. He is a nasty, nasty guy. Well, then that whole little narrative that they created around Joe Biden just goes away. It blows up. They can't do that this time around because everybody knows now the Hunter Biden laptop's real. I mean, Hunter Biden's such a moron. decided But he to sue John Paul Mack Isaac, who's the guy that owns the laptop repair shop where he dropped off the laptop. So everybody knows it's real. The contents of it are coming out. They've been out. It was real in 2019. The FBI had it. The government worked to make sure that when the recovery was going to break. They would be able to then do their thing and tell everybody it was disinformation. So they could not jeopardize Joe Biden's chances in November with another four years of Donald Trump, among other efforts that they undertook in that election, obviously, to secure Joe Biden into the presidency. But this time around, they're dealing with a guy who's corrupt. All the corruption is coming out. Can't hide anymore. Can't pretend anymore. Can't turn around and say it's not there. It's very it's very vital. And the other problem is now it's Joe Biden's economy and the economy stinks. It stinks. And you also have this guy who in the last three years has had a rapid dissension into Alzheimer's, whatever it is that's going on up there. Dementia. You've seen it. I've seen it. We all know it. I know people still don't want to talk about it, but it's there. And the question is, how much worse is it a year from now? A year from now when you're potentially talking about presidential debates, I don't know if they'll do them. They should. But if Joe Biden's the candidate a year from now on the stage against Donald Trump, presumably he's not going so to well. do He's not going to be in very good shape. I mean, these kind of diseases progress very, very quickly. I'm not a doctor, but I mean, I've seen it. You've seen it. We've all seen it in our lifetime. So you've got the corruption, you've got the fact that the average American today needs $11 ,400 more just to keep the same standard of living that they had in January of 2021. And corruption keeps coming out. This is from National Review. A bank money laundering investigator expressed serious concerns about a transfer of funds from China that ultimately trickled down to President Biden in the form of a $40 ,000 check from his brother, James Biden, according to an email obtained by the House Oversight Committee. Biden received a $40 thousand personal check from an account shared by his brother, James Biden, and his sister -in -law, Sarah Biden, in September 2017, money that was marked as a loan repayment. The alleged repayment was sent after funds were filtered from Northern Capital. International Now, what is Northern International Capital, you might be asking yourself? Well, that's an excellent question. Good for you for asking it. Turns out Northern International Capital is a Chinese company affiliated with the Chinese energy company CEFC, through several accounts related to Hunter Biden and eventually down to the personal accounts shared by James and Sarah Biden. That's we what really call trickle -down economics. It trickled all the way down from China directly into Joe Biden's pocket. Northern International Capital sent $5 million to Hudson West III. That's the joint venture established by Hunter Biden and the Chinese energy associate, Gong Wen Dong. Yes, that's really his name, Gong Wen Dong. And that was done on August 8. But on the same day, Hunter's firm then sent $400 ,000 to Owosco PC. That's an entity by Hunter Biden. Tracking all this? Six days later, Hunter Biden wired $150 ,000 to Lion Hall Group. That is a company owned by and Sarah Biden. Sarah Biden then withdrew $50 ,000 in cash from Lion Hall Group on August 28 and then deposited the funds into her and her husband's checking personal account later that day. On September 3, 2017, Sarah Biden wrote a check to Joe Biden for $40 ,000. An unidentified bank investigator sent an email on June 26, 2018, to colleagues raising concerns about money from Hudson West 3 to Owosco PC. The email said the $5 million in funds sent from Northern International Capital, that's the Chinese company, to Hudson West, that's Hunter's company, were primarily used to fund 16 wire transfers for $2 .9 million. The wires were labeled as management fees and reimbursements. You know when I try to get my mileage reimbursed at my company, have I to actually go through, it's a whole rigmarole and Excel spreadsheet and receipts and whatnot. this the just a cool $2 .9 million management fees and reimbursements. Somebody may have went out and bought toner on their own personal credit card, you got to get reimbursed for that obviously. You know, this is why you use forensic accountants. This is why the people that were the whistleblowers who came before the House Oversight Committee and testified very bravely. This is why you need people like that. Because the only way you ever crack down on international money laundering schemes is because people are trained and have experience in following this kind of money and these kind of shady transactions and building then a case, building a RICO case of international money laundering. I mean, this is the way the mafia operates, if there's still such a thing. This is the way the mob operates. This is the way true international criminal enterprises operate. They just keep transferring money around and they wash it as they go. You don't actually wash it with soap and water but you wash it by moving it from one account to another. And then eventually it winds up in somebody's pockets, in this case the former Vice President of the United States, who would then become the President of the United States and do everything that China wants him to do. This President does not stand up to China. This President will never stand up to China has the receipts. China has the receipts. What, what, what? Did you think that this northern international capital is not a wholly owned subsidiary of the Chinese Communist Party? The Chinese everything in China. They have all the receipts on Joe Biden. That's why Joe Biden is never going to Xi tell Jinping anything. He's never going to tell them, listen bud, you stop buying Iran's oil, you stop giving Russia weapons, you stop it, knock it off. He's never going to put tariffs on China. He's not going to tell you a damn thing.
The Dan Bongino Show
Biden Rolls Out the Red Carpet for the Chinese Communist Party
"Do for us we appreciate it one of our great stations thank you so much so there's a lot going on folks obviously we got the Chinese Communist Party taking over the United States you may have missed it there's an apex summit going on we invited Xi Jinping he rolled out the red carpet so much so that shockingly they actually cleaned the up city of San Francisco because the commies came in now I there's the irony of this for our KSFO audience out there in San Francisco has the irony of this kicked you in the gonads yet that you're living in this city right where ironically many but not all of the voters to our audience that listens to the show on the station you know we love you you're fighting a good fight but let's just be candid with each other I grow up in New York can talk plainly with each other right it's a city dominated pretty what pretty much by liberals so irony of this is insanely a bunch of folks in San Francisco decided to vote people that emulate communists and then the communists come in and it's the one time your city gets cleaned up from the people you voted in pretending to be communists does anybody see that is even a little bit odd you got the Dan Bongino show on today too Ed, sure I didn't even notice that. Is that a little weird? A little bit. Nobody sees this as odd? And then there's that video I described yesterday Xi Jinping's motorcade is running down the street and they're making a left folks it's not even like that in China there's no American flag there's Chinese Chinese flags everywhere and there's people doing you know the North Korea Kim Jong Il clap And the thing with the Kim Jong Un clap and the Chinese Communist Party is you don't want to be the first one to stop clapping because you're definitely dead so it goes on forever And then Kim Jong Un has to go alright it's been
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
Fresh update on "chinese communist party" discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"In today's show, I'll be breaking down the latest Bitcoin technical analysis and breaking news just in. Check this out. President of Columbia met with Samson Mao to discuss how Columbia can adopt Bitcoin as a legal tender. Let's go. And also breaking news. Asset manager Panda joins the Bitcoin spot ETF line, filing with the SEC today. They are now application number 13 and their firm is out of Texas. And quoting Max Keiser, Bukele Nomics forges a path forward for states who also embrace a Bitcoin standard. It's got radical transparency and accountability and also recognizes the benefits of subsidizing and maintaining the public domain. Also breaking news. Mr. Rat Poison squared himself, Charlie Munger has officially died at age 99. We're also going to be discussing Jack Dorsey wanting to decentralize Bitcoin mining with a brand new investment. We're also going to be sharing clear the runway open for all Bitcoin ETF approvals in January. According to the top ETF analysts will also be discussing spot Bitcoin ETFs have almost 100 million dollars in assets under management in Brazil, led by the Hashdex offering. Also in today's show, billionaire Peter Thiel, he predicts Bitcoin to 100x to $4 million per coin. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost a video show. So if you want the full premium experience with video, visit my YouTube channel at kryptonewsalerts.net. Again, that's crypto news alerts.net. Today is podcast episode number 1476. I'm your host JV. And today is November 29th, 2023. Just one more day of Moonvember until we hit December. And you already know January, we got some ETF deadlines. And then April, the block subsidy halving for 2024 is going to be lit, to say the least. But let's kick it off as we do each and every day with our market watch. You should be able to see coin 360 on your screen. It shows you Bitcoin and the rest of the alts are currently correcting and in the red, but maintaining around the 38,000 level, just shy, currently sitting at 37,882. Yesterday, we almost recested the local high for past 18 months, which is 38.5. We hit about 38.3 and then we got pushed back down under 38. We have ether still trading above 2000 as XRP, Cardano and BNB are all correcting and in the red and checking out coinmarketcap.com. The current crypto market cap sits at $1.42 trillion with 55 billion in volume in the past 24 hours up 20%. And the Bitcoin dominance is at 52.1% with the ether dominance at 17.2%. And checking out the top 100 crypto gainers of the past 24 hours, we have iota massively leading the pack of 54% on the day trading just under 27 cents, followed by terra classic USD up 22% trading at 5.4 cents, followed by block stacks of 5% trading just under 75 cents. Now which altcoins if any, are you most bullish on for this bull run? Please let me know in the bubbles so we can see a broader perspective of the current altcoin market. You can see the majority of the alts are correcting and in the red, but iota is blowing up 54%. And zooming out for the weekly, we got more in the green, clearly the majority and some nice gains as well. And if we zoom out for the month, virtually everything is in the green with pretty substantial gains, even ftt scam coin up 208% and only a handful in the red, which includes hex, ehex and Bitcoin cash. And checking out the crypto greed and fear index, one of my favorite indicators, it shows we're currently rated a 72, which is greed. Yesterday was a 68, last week a 62, and last month a 68 in greed. So there you have it, my crypto fam. How many of you are let me know. And with that being shared, let's check out the Bitcoin price action. We call that, what do we say here? That's astrology for men. So let's break this down, check out the charts where the Bitcoin price action is likely to go next. Right here, Bitcoin shrank back from resistance after the November 29th Wall Street open as the US GDP figures beat expectations. Right here, you're looking at the Bitcoin one hour candle chart. Now data from Cointelegraph followed a familiar Bitcoin price retracement on the short timeframes. The bulls had managed to propel the market above 38,000 the day prior. I think we hit 38 three only to flip flop around that level before ultimately dropping as the US macro data hit. This showed quarter three GDP accelerating beyond the anticipated levels coming in at 5.2% versus 4.9%. This renewed concerns over how the Federal Reserve might handle policy ahead of an interest rates decision in mid-December, quoting the Kibisi letter here. 5.2% is the final reading. It will mark the highest GDP growth since quarter four of 2022. Now can the Fed achieve a soft landing? What are your thoughts, fam? Let me know. Kibisi referenced words from Bill Ackman, the CEO and founder of hedge fund Pershing Square Capital Management, who the day prior had gone on record to predict the Fed rate pivot as soon as quarter one 2024. Quoting him here, yesterday, Bill Ackman bet on a hard landing with rate cuts beginning in quarter one. Now currently, futures don't see rate cuts beginning until June of 2024. And according to data from the CME Group's FedWatch tool, it showed marginally increasing bets on a further hike in December following the GDP release with further key data due November 30th, which is tomorrow, Thursday. The odds of a hike stood at 4.2% at the time of this recording. Now, meanwhile, analysts continue acting in a familiar style from the recent days as far as the price action. Bulls still failed to crack a key resistance beginning at 38.5. That's the line in the sand we need to smash, and then we're heading onwards and upwards just FYI. Despite some being confident that an assault on 40,000 would ultimately result, no HH or breakout confirmation yet referring to a higher high, eyeing a sweep of 37.3 area and a higher low setup for the higher high. According to popular trader Sku, as he shares here on X Bitcoin with the four hour chart, no higher higher breakout confirmation yet, eyeing a sweeping of 37.3 area and a higher low setup for the higher high. Let me know if you agree or disagree. And we also have Dan Crypto Trade suggesting a period of flatter Bitcoin price performance could now enter before a fresh bout of upside volatility. Quoting Dan here, price took out some liquidity above and below. Would not surprise me to see some more sideways chop for both sides to build up more positions before the next bigger move. Let me know if you agree or disagree with the sentiment. And I potential downside opportunities. Crypto analysts, me, Calvin, a pop flag, they range between thirty three and thirty five thousand, which is a popular zone based upon the liquidity. Quitting the analysts here. Markets are consolidating, giving opportunities. Still no breakout. A Bitcoin above thirty eight thousand. If we continue to make higher lows, higher highs, a breakout seems to be happening soon. Structure loss buying at thirty three to thirty five thousand. So there you have it. My crypto fam. Let me know if you agree or disagree with this sentiment from the analysts. I also like to point out, like clockwork, the mystery whale adds an additional six hundred and twelve point five Bitcoin to their balance this morning for a total of eleven thousand five BTC. And a quick shout out to Krista Donnelly. I appreciate you sending your very first super chat ever and supporting the show. It means a lot. So massive shout out. Appreciate the love, my fam. But back here, as you can see, this is the sixth straight day of adding over five hundred BTC. So who is this mystery whale? Who do you think, fam? And oddly enough, in the middle of last night, they added a single TX of thirty eight hundred and seventeen cents for a dollar forty five. So what's up with this mystery? Let me know. Could this be a massive institution such as a BlackRock buying Bitcoin? Let me know what your thoughts are. And also check this out. Major news. Shout out to Samson Mao, the president of Colombia, met with Samson Mao and Jan three to discuss how Colombia can adopt Bitcoin. Let's freaking go. You already know how massive this would be. I've actually lived in Colombia. I lived in Medellin for six months, a few years back, and I had a great time there. I think this would be massive for adoption of Bitcoin. Clearly, you got Samson Mao making some moves, helping usher in this Bitcoin adoption. He's working with some of the leaders in Mexico and in Africa and all around the world, making big moves. So let's go. In which country do you feel will likely adopt Bitcoin next as the legal tender? Could it be Argentina? Could it be Brazil? May it be Colombia? What are your thoughts, fam? Let me know. Also, breaking news. Asset manager Panda joins the Bitcoin spot ETF line, filing with the SEC today. Now, Panda is a firm out of Texas, and this makes application number 13, and they are on the back of the line. So Mr. Gary Gensler, when are we going to get some clarity? When are we going to get these ETFs approved? There are so many just awaiting, and he's the only man standing in the way. And quoting the high priest of Bitcoin, the one and only Max Keiser, Bukele Nomics forges a path forward for states who also embrace a Bitcoin standard. It has got radical transparency and accountability, also recognizes the benefits of subsidizing and maintaining the public domain. And if you haven't watched the new interview, well, it's not necessarily an interview, but it's a speech of Bukele. It's very, very powerful. And he's basically saying he's going to be focusing on his new campaign running for president 2024 in El Salvador, and basically saying that nobody can be crooked within his party because he is clearly a good president, not crooked. He's not taking money or stealing money like a lot of politicians do, and he doesn't want anyone represented in his party to do so either. Otherwise it would tarnish his image. So he said the attorney general and the forces that be are going to be looking into everybody who is a part of his party because they will not tolerate it. So you got to give respect where respect is due. Shout out to Bukele and the beautiful people of El Salvador. Breaking news, Charlie Munger, the man who infamously called Bitcoin rat poison squared is officially dead. That's right. He died at age 99. Let's break this down. Check this out. Here we go. Charlie Munger, the longtime business partner and right hand man of Warren Buffett and vice chairman of the multinational holding company, Berkshire Hathaway, died at the age of 99. And what's ironic, he would have been 100 just in like another month in January. The company announced just that was yesterday. Munger's proclamations, much like Buffett's, were often eminently quotable takedowns about investments and few assets raise his eerie like Bitcoin, quoting him here. I think it's rat poison, he famously said all the way back in 2013 when Bitcoin was worth 150 bucks. And when asked to five years later when Bitcoin was trading at 9000, he said it is more expensive rat poison. And when pressed on the returns, some Bitcoin investors were able to make, he called them idiot booms that harm the United States. Now, we all know he was like one of the biggest, if not the biggest Bitcoin troll. Berkshire Hathaway annual meetings were often called Woodstock for capitalists and putting Munger and Buffett on stage was a top draw and asking about crypto was a reliable way to get them to use colorful language. That's right, putting him here in my life. I try to avoid things that are stupid and evil and maybe look bad in comparison with somebody else. He said in 2018, Bitcoin does all three. Shout out to Lee. I greatly appreciate that super chat. Let me read your comment out loud. Bitcoin maxi here, dollar cost averaging since 2017, but everyone knows about Bitcoin. So I've been spreading the word about Jesus coin. God bless your family, friends, mods and subs. Thank you, fam. I greatly appreciate you supporting the channel. Much love, much respect. Back to Munger, quitting him again. It's stupid because it is very likely to go to zero. It's evil because it undermines the Federal Reserve System. That is the most hilarious comment I have ever heard. And third, it makes us look foolish compared to the communist leader in China. What's up with that? Now, Xi Jinping was smart enough to ban Bitcoin in China. We're a lot dumber, said Charlie Munger. I mean, you got to laugh at all this at the end of the day. Three years later, Munger was still fuming, quoting him again. I just think the whole damn development is disgusting and contrary to the interests of civilization, he said early 2022, comparing crypto to a venereal disease, deeming it beneath contempt for Christ's sake. Now, obviously, you took this personal. Even at 99 years old, he mustered more fiery condemnation at the Daily Journal Corporation annual meeting earlier in the year, quoting him again. Sometimes I call it crypto crapple. Sometimes I call it, well, crypto-ish, he said, going on to use the term a half a dozen times during the course of the conversation. It's ridiculous that anyone would buy this stuff. It is asinine. It is not slightly stupid. It's massively stupid. It's very dangerous. The governments were totally wrong to permit it. I am not proud of my country for allowing this crypto-ish. It's worthless. It's no good. It's crazy. It'll do nothing but harm. Now, very interesting. It's not that the government permitted it. It's because the government can't stop it. It's free speech. It's protected by our First Amendment right. Just saying. Now, while Munger's attacks ruffled crypto backers, his candor was lost along part of Berkshire's offering investment wisdom almost as quotable as the Oracle of Omaha himself. Berkshire Hathaway said Munger died peacefully in a California hospital. Buffett paid tribute to Munger's inspiration, wisdom and participation in building Berkshire into a conglomerate it is today. So there you have it. What are your thoughts on the passing of Charlie Munger? Are you going to miss him? Are you going to miss his rants against Bitcoin? Are you glad he perished? I'm just curious. Whatever your thoughts are, I'll read them out loud. Appreciate it. But anyways, fam, let's dive into our next story of the day. Now that we broke down the latest with Munger passing, let's discuss this new decentralized mining project with Jack Dorsey. And I saw some pictures with Jack and Max and Stacey just the other day. So let's break down the latest of what's going on here. Twitter co-founder and Bitcoin advocate Jack Dorsey is back in a new Bitcoin mining pool to help the miners regain control of the block rewards and transaction fees. Dorsey led a 6.2 million seed round for Mamolin, the parent company of the new decentralized Bitcoin mining pool called Ocean. According to the announcement today, November 29th, the seed funding will support the launch of Ocean, which is designed to decentralize and reshape the process of Bitcoin mining. The mining pool specifically aims to provide more mining process transparency and enable the miners to receive block rewards directly from Bitcoin rather than from the Bitcoin mining pools. Interesting. Now, Luke Deschir, Mamolin's co-founder and longtime Bitcoin core developer, believes that the role of the mining pools must change for Bitcoin to exist as a truly decentralized currency. Quitting him here, Ocean is a new type of pool that enables the miners to be truly miners again. We are launching at the most transparent pool and also the only non-custodial pool where miners are the recipients of the new block rewards directly from Bitcoin. Now, Mamolin co-founder and President Marc Artemikov stressed that traditional Bitcoin mining pools take exclusive custody of the block rewards and the transaction fees before distributing them amongst the miners. This gives them the ability to withhold payment from individual miners, whether by their own choice or by legal requirement. And quoting him again, Ocean's non-custodial payouts directly to the miners from the block reward remove this risk and the pool's undue influence over the miners. So committed Ocean supporters of Dorsey, they're confident that the platform will solve the problem of further centralization of pools and mining pools that could plague BTC. Quitting him here, when I see a project that is good for Bitcoin broadly and that's also good for me and my companies personally, it becomes a simple decision for me and I am happy to be a part of it. So there you have it. The launch of Ocean was announced at the Future of the Bitcoin Mining Conference in the shadows of Barefoot Mining's 150-year-old hydroelectric dam in rural South Carolina. Now Barefoot Mining, the first client of Ocean, has fully repurposed the dam, converting excess energy to Bitcoin mining at scale. Now Ocean's launch comes 139 days before Bitcoin's fourth halving, expected to occur April 17th, 2024, roughly five months out, cannot wait. After the halving, the current six and a quarter mining reward per block will drop to 3.125 BTC, significantly decreasing the incentives for the Bitcoin miners. So there you have it. What are your thoughts on this decentralized mining project with Jack Dorsey? And how many of you have any experience mining Bitcoin? Please do let me know, fam. And are you pretty ecstatic for the halving? How many will be your very first halving? Is this going to be your second, third, fourth halving? Please do let me know. And with that being shared, let's break down the latest of what's happening with these Bitcoin ETFs, shall we? Apparently, we got the green light to go in January, so let's break this down. Bitcoin Spot Exchange traded funds in the United States now have the clear runway to potential simultaneous approvals after an advanced decision to delay the bids of Franklin Templeton and Hashdex ETFs, according to analysts. And a November 28th post-Bloomberg ETF analyst, James Safart, said the US SEC delayed its decision on the applications 34 days earlier than January 1st's 2024 decision deadline. The SEC requested comments on forms by Franklin Templeton and Hashdex that are necessary for the ETFs to eventually be listed to begin trading. The comment and rebuttal period will last for 35 days. Now, Safart and his colleague, Eric Balchunes, placed 90% odds on Spot Bitcoin ETF approvals by January 10th, 2024. What is that? Roughly 45 days out, so mark that date in your calendar, fam. And the twin delays all but confirms for me that this was likely a move to line every applicant for potential approval by January 10th, 2024 deadline, according to the expert himself. Now, Balchunes agreed post into X that the SEC was probably looking to get them out of the way, clearing the runway, quitting him here. Update, wow, the SEC went super early on Franklin. They weren't due for another decision until January 1st. Notably, Franklin is the only issuer who didn't submit an updated S1 yet. Wonder if that will have any impact here. And you can see the second deadline being January 1st of 2024 for Franklin. Now, scrolling down a little bit more, he also said probably looking to get them out of the way, specifically to clear the runway. And commercial litigator Joe Carlessar thinks the delays increase the probability of a March 2024 approval as the comment period for Franklin's ETF bid was extended till January 3rd of next year. And the SEC typically takes a maximum of three weeks to review the comments. Quitting Joe here on X, the Franklin Bitcoin spot ETF comment period now extends until January 3rd. The SEC typically reviews comments for at least two to three weeks. Therefore, although it's not guaranteed, this increases the probability of a March approval. January is still likely the favorite, though. So there you have it. Let me know in the live chat. There is a live poll right now. When do you feel we get the green light for the ETF approvals? Please do let me know. Cast your vote. Now, January is still his favorite, later estimating it to happen January 5th or the 8th. Now, on November 28th, Franklin also submitted an updated Form S-1 for its ETF, a document registering their securities with the SEC. And after Safart had earlier highlighted, it was the only bidder yet to submit an updated prospectus. And reacting to the filing, Balchuna said he is in favor of letting all the ETFs launch simultaneously. It seems kind of unfair that Franklin might be allowed to launch its ETF the same day as other providers, despite submitting the form months later. And he makes a great point there. So let me know your thoughts. He also shared, while I'm generally in favor of letting them launch at the same time, Franklin jumped in so late versus these others, like five months after ARK filed, yet they may be able to launch the same day. Seems unfair. Now, there's currently, now officially 13, because there was a new one just added today, as I shared with you earlier, ETFs sitting on the desk of the chairman, Gary Gensler, including bids from Grayscale and BlackRock, most have final decision dates in March besides ARK's invest bid with the SEC, which must approve or deny by January 10th of 2024. So there you have it. My crypto fam, when do you feel they're likely to give us the green light? When do you think the ETFs will finally launch? And how do you think this will likely impact the Bitcoin price action? Let's now dive into our next story of the day. We discussed the Spot ETFs in the United States. Now let's discuss the Spot ETFs in Brazil, shall we? Check this out. Spot Bitcoin ETFs have almost 100 million already in assets or in management in Brazil, led by Hashdex. Let's go. As investors continue to await the approval of the Spot ETF in the United States, a check of Brazil finds hefty demand for such vehicles, which have been trading in the country for more than two years. Together, those ETFs have $96.8 million of assets under management as of November 21st, led by Hashdex's Nasdaq Bitcoin reference price, FDI, with $57.8 million as of November 21st, or a market share of roughly 60%. And that comparison, the largest ETF in the nation, iShares, has $2.41 billion in assets under management and is the second largest. The iShares small cap has $1.19 billion and for reference, the largest US ETF has roughly $430 billion in assets under management. So according to Marcelo, the CEO and founder of Hashdex, the success of Bitcoin ETFs in Brazil is the result of the pro-market digital asset regulation and growing interest from large institutions for said products. Quoting them here, there is a growing positive sentiment across the most sophisticated investors and we have been seeing increasing interest from some largest institutions, whether they be either allocating or considering adding crypto soon to their portfolios, said Sam Xiao in an interview with CoinDesk. Hashdex spot Bitcoin ETFs started trading August 1st of 2021. Like, whoa, they've had a spot for that long. Crazy. I mean, Gary, clearly you're doing something wrong, bro. Just saying. Hashdex also offers a crypto index ETF that includes Bitcoin, Ethereum and other cryptos and which garners a lot more investment than the spot Bitcoin ETF. Now combined Hashdex's crypto related ETF assets under management is currently sitting at roughly $500 million. That's half a billion. Hashdex is also amongst those with outstanding applications for spot Bitcoin ETFs with the US SEC. The agency, as it's done with other applicants as of late last week, delayed any decision on the Hashdex filing. Other spot Bitcoin ETF providers in Brazil include ITAL, the asset management, which teamed up with Mike Novogratz's Galaxy Digital to launch a fund last year and an offering from QR Capital, which launched in 2021, has $36 million in assets under management. According to the data from Hashdex, there has traditionally been a lot of interest in crypto ETFs from the Brazilian public, said Silva, a managing partner of Tagus Capital, and the number of investors in digital asset ETFs will only continue to grow. That's right. Let's go. There are about 4 million investors with accounts at the B3 stock exchange in Brazil and around 700,000 of these invest in ETFs. About one third of those investors allocated funds to crypto ETFs just last year. So a reason for a strong appetite in ETF investing in Brazil might be due to the low fees. According to Silva, ETF fees in Brazil range from a half a percent to one and a half percent, which is considerably low compared to the other products in the market. So there you have it, my crypto fam, Brazil. Let's go. Do you think Brazil can potentially adopt Bitcoin as a legal tender? Let me know your thoughts as there has been a lot of talk about that. But now let's break down our feature story today. Billionaire investor Peter Thiel and one of the original PayPal founders. He predicts Bitcoin to 100x to $4 million per coin. In fact, he was one of the keynote speakers at the Bitcoin Miami conference in 2022. How many of you were at that conference? I was there with my brother. It was pretty lit. There was probably over 20,000 people in the audience. We had a lot of Bitcoin influencers there. You even had Serena Williams, Frances Ngannou, you name it. It was pretty awesome to say the least. But anyways, let's break down this major story. And then I'm going to be sharing a little bonus prediction from you from Michael Saylor predicting Bitcoin reaching $5 million per coin. And if we have time, I'll even throw in a Cathie Wood update prediction as well about Bitcoin hitting $1.48 million per coin, which is her bullish scenario. But first and foremost, billionaire PayPal co-founder Peter Thiel shared the list of enemies stopping Bitcoin from rising 100x. This was last year while speaking at the Bitcoin 2022 conference of Miami, Florida. Quoting him here, the enemies list is a list of people who I think are stopping Bitcoin. There is a lot of them. They tend to have nameless faceless bureaucratic perspectives, which of course is one of the ways in which they hide. Now check it, he said, we are going to try to expose them and realize that this is sort of what we have to fight for for Bitcoin to go up 10x or 100x from here. Now FYI, at the time he gave the speech, Bitcoin was hovering just above 40,000, probably close to the $42,000 level. So 100x from the time he made the prediction would mean a $4 million plus Bitcoin price action. Now the central banks are going bankrupt. We are at the end of the fiat money regime. Preach. The first person on the list is Berkshire Hathaway CEO, Warren Buffett. Thiel put up a picture of Buffett with two of his most famous quotes about Bitcoin, rat poison, and I don't own any and I never will. He opined, I think the sociopathic grandpa of Omaha, that's the best name by the way, is perhaps the most honest and most direct in it. Thiel further noted Buffett has a bias that makes him long on the fiat money system and money managers who follow Berkshire Hathaway's executive advice will pretend it's complicated to invest into Bitcoin. Now the next person on the list of Bitcoin enemies is the infamous JPMorgan Chase CEO, Jamie the tapeworm diamond. Thiel put diamonds picture up with the following quote, I don't call them cryptocurrencies. I call them crypto tokens because currencies have rules of law behind them, central banks and tax with authorities. Now Jamie Dimon also once called Bitcoin a pet rock and threatened any of his employees at JP Morgan would be fired for trading Bitcoin and that same week he was purchasing over 400 million worth of Bitcoin for his trading desk. So listen to none of these fools, they know what's up. They understand the power of Bitcoin, but they're just here to deceive you. The next picture he put up, you may find this interesting, is the BlackRock CEO, Mr. Lawrence aka Larry Fink with the following quote, I see huge opportunities in a digitized crypto blockchain related currency and that's where I think this is going. Now, interestingly enough, Larry Fink is the CEO of the largest asset manager in the world, BlackRock. He once called Bitcoin an index for money laundering. He was heavily anti Bitcoin and anti crypto, but now he has changed his stance, complete 180, embracing Bitcoin and looking to launch their own Bitcoin ETF as well as an Ethereum ETF. Now next up, here's what he shared. The PayPal co-founder added that Fink's quote is somewhat representative of the whole genre of Bitcoin attacks that need further context, stating that pro blockchain is an anti Bitcoin term, very typically feel them brought up environmental, social and governance standards, elaborating the label they've come up with and perhaps the real enemy is ESG. I think that ESG is just a hate factory. We all know they were pumping that massive FUD. Even Elon was buying into this narrative, right? Would stop accepting Bitcoin payments to buy Teslas, right? He stressed, you can always ask the questions, what's the difference between ESG and CCP, the Chinese Communist Party. When you think ESG, you should be thinking CCP. So much respect to Thiel for calling them out on this. You got to have balls. It is the finance gentocracy that runs the country through whatever silly virtual signaling hate factory to them like ESG that they have, the billionaire concluded. This is what I would call and what you have to think of as a revolutionary youth movement. And we have to just go out from this conference and take over the world. So there you have it. Now I must also share Peter Thiel dumped the majority of his Bitcoin position at the height, roughly at around the time of the conference, because that's what I read. So I just wanted to share that to be 100% transparent. Now for Michael Saylor. Saylor revealed three catalysts recently, which will take the Bitcoin price, the 5 million per coin. Here are the three catalysts. Spot Bitcoin ETF approval, which is inevitable. Again, 90% likelihood we get the approval in January. Then number two, banks custody and lend against Bitcoin as collateral, which we all know is coming soon. And number three, fair value accounting rules, which have already been approved. So there you have it. This alone, those three factors can send Bitcoin to 5 million per coin, but let's dive down a little deeper quoting Michael Saylor from an interview I transcribed and shared here on X that got a lot of retweets and a lot of love. So I think you guys will like it. I think there are only three things relevant right now. And here are those three things that having is coming with 100% certainty facts. And as far as I can see, most of the Bitcoin in the market is the Bitcoin miners that have to sell in order to pay their electricity bills and pay their debt expenses as well as their operating expenses. So that amount of selling pressure is going to be cut in half in a few months. So we know that's coming. And then we know there's a spot Bitcoin ETF coming. And when that comes, we plug into wall street and the entire banking system. And then finally the fair value accounting is coming. And when that happens, the objective will all go away. Now you're going to introduce this as a conversation into hundreds of boardrooms. They will not move in a week. They move quarterly, but over the course of 12 quarters, you'll start to see company after company looking at this, and you'll start to see a reallocation of assets. At the end of the day, corporations only hold two assets. They hold cash and they hold bonds. And so a Bitcoin is available as an asset para pursue to a bond. Then you'll see a reallocation from bonds and into Bitcoin. And then in the institutional investor side, you've got all these people holding real estate, holding commodities, holding gold, holding ETF and SPF SP indexes, the light. And as so we start to reallocate and they will 1%, 2% and then 5%. Then you're going to have something that has never happened in the history of the world, which is you got an ETF on a commodity that is scarce. Every other ETF in the world is on an asset that is not scarce. It's inflationary facts. You can go to make more buildings. You can make more real estate. You can make more gold. You can make more commodities. You can make $4 billion worth of any of those things. The underlying producers produce more of the asset or deflate or to depreciate the price. But with Bitcoin, with $100 billion of flows into the Bitcoin spot ETF, there won't be any ability for any producer to produce any more Bitcoin. And so you really can't compare it to the spot and ETF of gold because gold is an inflationary asset and you can't compare it to an ETF on real estate or on bonds or on equity. You really have to say this is the first time we've ever plugged Wall Street into an asset you cannot produce any more of. That's right. This will actually represent true price discovery in an ETF market for the first time in human history. And this is such a big deal. That's why we're entering unprecedented times, fam. And so nobody knows what will happen, except that if the reason from first principles, you know that it's actually going to perform better than all the other asset ETFs, because the underlying fundamentals are just better. But let me lay out three possible ways to invest in Bitcoin. One, if you buy Bitcoin, the underlying asset, which is what most of us do. We self custody our crypto. That's no brainer. The second, you buy the spot ETF, or the third, you buy micro strategy. OK, we talked about the headaches buying Bitcoin, the underlying asset. You can do it on a crypto exchange. You can put the place of parallel custody, compliance, compensation, control systems, so that the challenge of that. But the closest thing and the most compelling idea for a plain vanilla Bitcoin investment of an institutional investor is to buy the spot ETF. You'll be getting one to one correlation, meaning they actually have to hold on their balance sheet the Bitcoin as an underlying asset, whereas with futures markets, they don't hold any of the Bitcoin. It's all paper derivatives, weapons of mass destruction. Just saying. So for one million, you're getting in one million range of Bitcoin. What's the positive? It's marginal. It's good collateral. I can buy in a second with no money down. I don't need to build the parallel custody control compensation system. So all of my problems are handled by Wall Street. What's the cost? That's 50 to 100 basis points per year. OK, so if I charge you one percent per year over the course of 20 years, over the course of your lifetime, it kind of means I take 20 percent of the money you invested at one percent. So do note that if you invest for the long haul into a spot ETF over the long haul, they're taking 20 percent of your investment. That's a lot right now. There is a cost. 50 basis points means I get 10 percent of your money approximately. But having said it all, I would pay you 50 to 100 basis points in order to be plugged into Wall Street. It's not a problem. It's a lot better than the alternative, which is to rebuild all their systems and then finance themselves. So micro strategy is not that micro strategy you can think of as a levered, long Bitcoin company that pays you a yield. Listen up. OK, so I'm not going to call it an ETF because we're not a financial company, but we have four point four billion dollars plus of Bitcoin and two billion plus worth a debt. Shout out to zero. I appreciate that. Super chat fam. Much love. So what we have done is we have levered the balance sheet with debt that costs us about one and a half percent of interest. So micro strategy takes advantage of its positions as an operating company to do something that an ETF cannot do. An ETF can't issue junk bonds. An ETF can't issue convertible bonds. An ETF can't do like an ATM like we could do. And an ETF can't buy Bitcoin with cash flows. We have a lot of flexibility as an operating company and we don't charge that fee. We have four and a half billion a Bitcoin, but we don't charge 45 million per year. So the real idea here is what if I created an investment vehicle that paid you a yield instead of charging you a fee? Well, that's possibility with micro strategy. And what if I was able to borrow money at one and a half percent interest? I borrowed a billion dollars at zero percent interest and bought Bitcoin with it. Hey, how do we get the Michael Saylor deal? How do we borrow a billion dollars at zero percent interest and just buy all the Bitcoin in the world? I want that deal. Wouldn't you guys? Let me know. Let's give you a theoretical. If you get a two percent yield instead of paying a one percent fee, it's a 60 percent difference over the lifetime of your asset. So if you have a billion dollars invested and you're getting a two percent yield, you're actually picking up 20 million a year instead of paying 10 million a year. So the dynamic of the company is very important. So you can imagine that if I don't charge you a fee and if I don't have cheap leverage, the stock, the benefit accrues to the common stock shareholders. Because I went and I borrowed two point two billion at one and a half percent interest and I bought Bitcoin with it. So what's the logical theoretical yield of Bitcoin? Is it more than one and a half percent a year? Well, let's say it's 15 percent a year. Then we're scraping 14 percent positive yield off of the debt. And so that would be 14 percent of a billion dollars or more, which is actually 14 percent, a two point two billion. So that would be 300 million a year. That accrues to the benefit of the common stock shareholders. You see, this is the benefit of being your operating company. We can every quarter choose what to do. So some quarters we would issue junk bonds, other quarters we would issue convertible bonds, other quarters we would sell the equity, other quarters we just use our own cash. So the answer is there's always going to be a good market and there's always going to be a bad market. There are things you should do and there are things you shouldn't do. So MicroStrategy, to make a long story short, is a bit more complicated than a spot ETF, right? If you want something plain vanilla and simple, that should basically correlate one to one to Bitcoin after you pay the fee, then you buy the spot ETF. But if you wanted to actually try to outperform Bitcoin, like MicroStrategy outperformed Bitcoin, our performance over the course of three years is higher than Bitcoin's performance. So if you want to outperform Bitcoin or outperform the spot ETF, you would do that by creative financings. Like for example, if our stock trades at a 30% premium and the underlying assets will sell a billion dollars of equity, equity will actually capture 300 million of accretion to our shareholders. So there you have it coming directly from Michael Saylor. And don't forget to check out cryptonewsalerts.net for the full premium experience with video and to participate in our live Q &A. And I look forward to seeing you on tomorrow's episode.
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A highlight from Chinese Communist Bitcoin Miners? And Lobbying For Bitcoin Mining W/ Dennis Porter
"Welcome back to the mining pod on this week's show. We're joined by Dennis Porter of the Satoshi Action Group to discuss Bitcoin mining and Politics we're mainly focused on the national security concerns when it comes to Bitcoin mining So we discussed with Dennis about moving into state houses and lobbying on behalf of the Bitcoin mining industry as a note Dennis is throwing a dinner at the end of this week on Friday at the North American blockchain summit Be sure to use promo code mining pod to get 25 % off your ticket. We'll be seeing you down in Fort Worth Do you have dinner plans November 17th? Well you do now down in Fort Worth, Texas at the North American blockchain summit Satoshi Action Group is hosting a dinner along with a lot of our friends in the Bitcoin mining industry You can join us November 17th at 6 30 p .m By going to Satoshi dinner calm and using promo code mining pod to get 25 % off your ticket again That's Satoshi dinner calm use code mining pod to get 25 % off your ticket. We'll be seeing you there Did you know that you can make more money by merge mining other networks check out make more money mining dot -com for information on bits 300 and 301 a proposal to bring more revenue to Bitcoin miners through side chains and merge mining called drive chains increase your mining revenues And learn more about participating in Bitcoin governance by visiting make more money mining dot -com Are you a miner who wants to activate Bitcoin improvements check out activation dot watch see what Bitcoin improvements the Bitcoin community? Developers and miners are considering and show support by signaling for one of many bits up for consideration activation dot watch Is your mining operation happening ready take control of your own future with the right energy strategy Link coin energy training platform is a tool used by miners to design monitor and seamlessly orchestrate sophisticated energy strategies within electricity markets such as or caught New York and PJM avoid penalties Participate demand response programs and capture hundreds of thousands of dollars per megawatt per year by deploying the right block and index strategy secure your competitive edge at link coin calm Are you a retail or institutional investor interested in Bitcoin mining companies the minor mag brings you free data and analysis from all major Nasdaq listed Bitcoin mining operations to know who stands out check out visualize metrics and data dependent stories at the minor mag Welcome back to the mining pod. Dennis is joining me today. Dennis Porter. Welcome to the show. How are you today? I'm doing excellent. Just coming back from a break. So are ready to dive into a jam -packed week of back -to -back calls Yeah, nice and tan back from your travels, right? Yeah, this is as tan as I get too So it's like, you know, ten days ten days in the Sun and this is as good as it gets So just everyone's prepared for that Are you ready to jump back into the Bitcoin grind or did you like really stop when you were vacationing? I oh, I never really truly fully stopped working the tweets keep coming, huh? Yeah It's an unfortunate byproduct of working in a 24 -7 365 non -stop nascent ever faster moving Industry that is Bitcoin Bitcoin mining when it combines two crazy worlds the one that I work in which is Bitcoin Bitcoin mining side which is the 24 -7 365 thing and then it's the Political realm which is just a total mess all the time. So it's a great combo. Yeah, I remember talking I want to stay sane Yeah, exactly my point. I was about to make you took the words out my mouth I remember talking to you like a year ago about the political side of things I was like, I don't know why anyone would ever want to get in that world at all. You're like, oh, I love it I love the I love the pool. I love being in the midst of it and still today don't get it Probably won't ever but I'm glad there's people like you who care about it And we you know agree on most things when it's firstly when it comes to Bitcoin mining so glad that's there Okay was transition over to Satoshi Action Fund. So you're the president and CEO you founded it. It's been two years Or so, it's a little over a year. We launched in June of last year and I am yeah I'm the president CEO I say CEO and president of Satoshi Action I'm there are two organizations now actually one is Satoshi Action Fund and one is Satoshi Action Education one I'm the CEO of and one of the president of so for simplicity's sake we just say it's all under the Satoshi Action umbrella But yeah, it's been going really really well We've had a ton of success and I'm sure we'll jump into that But I launched that in June of last year and we've been off to the races ever since Yeah, let's go into a little bit and then we have much more talking to show specifically We brought you on to talk about all the recent headlines with like rural Bitcoin mining and like the pushback We had a New York Times article about that there's some stuff in Arkansas going on So we'll get to that probably towards the second half of the show But let's talk about Satoshi Action Fund some wins recently and then maybe like a little more Flushed out what you guys are trying to to work on is like the product if you could say that for I guess a lobbying organization Yeah, yeah I mean it's good and that's that's probably one good area to start though with when it talk what comes talking about Satoshi Action is The one big difference between us and let's say like a lobbying organization or even a trade association Is that we don't we don't actually like do most of the lobbying. In fact, we hire lobbyists and we don't have members We have donors like more or less the premise of Satoshi Action Is that if you believe in the mission that we have pursued which is to make the United States? One of the best places in the world to be a Bitcoin miner or to be a Bitcoin er Then you want to support us if you agree with you know having the opportunity to stay here in America That's thriving off of this new technology versus being forced to move abroad You know that again is why I created Satoshi Action I think it's why people buy buy into the vision and the mission of what we're doing but we're very very structured very very different from from any of these other organizations that you might see out there and Once we launched Satoshi Action, the first thing that we wanted to do was try to go out there and show Right off the bat. What could we do? How could we be successful? How could we show that we can be effective because one of the most dangerous things that you can do with a political organization is You know get out there do all this, you know, make all this noise and then you don't produce any results You can do that a couple times you can even do it for years But eventually people will grow tired and they will move on and they will want to hear from someone else They will want to see someone else produce results There's definitely two the unfortunate part about politics Is there sort of two things you have to do one is you do have to produce results and the other is you have to? market your results market even what you're trying to do so that you can get people to buy into that they should buy into what you're trying to accomplish and fund essentially fund your operation because 100 almost 100 percent aside from our like You know, two three little s19 miners that we have plugged in that were donated to us The vast majority of our money comes from either donations or people that we get to come to our events was essentially a form of a donation So we rely a lot on on our donors to support the work that we do on a constant basis But right away we wanted to make sure that we were proving to our donors that we were having success So we said, okay, what can we do? We we got to the drawing board right away We brought on Eric Peterson who is our current policy director. Who's a wizard on the policy world and We had my two co -founders Mandy and Syria and we sat down we were like, alright, what are we gonna do? We started crafting public policy model policy For the Bitcoin Bitcoin mining space and what that means is that we created sort of like this like, okay here is a Example of a bill you could pass in your state that helps you advance this industry You know what we would do is we'd go in we'd say okay We have this great bill that we wrote up and we think you should pass it It'll really help you and they'll say like, you know, why would you want me to do that? Like we go in we pitch we say okay Bitcoin mining is great for jobs Great for local investment grid stability environmental cleanup the ability to enhance green and renewable energy projects really any energy project But policymakers particularly like when you can help solve some of the problems with green energy And then we win then we give them that bill the most popular of those bills that we did We know we have four of them Two of them have sort of moved or I should say three of them have moved around like have been introduced Or been worked on at the state level So far only one has passed into law which is a very big accomplishment but not to say only one but yeah I'm pretty yeah, it's pretty big deal Yeah, just one. It's just one of dates. So yeah so in then, um that bill ended up being called our right to mine bill initially originally was called the Digital Protection Act and then it transformed into becoming the rights mind bill and essentially that bill just protects Bitcoin miners from various forms of discrimination We saw real -time discrimination taking place across the country and we created real -time protections for that form of discrimination And we ended up being able to pass that bill into law in two states, Arkansas and Montana in fact in Montana is one of the states where Two things happen one. We actually saw some of the discrimination taking place where I don't know if you heard of the Missoula County there Where they changed the zoning laws and they like went drove a twenty million dollar bank when mining operation completely bankrupt because of it so Completely wiped them out all because they were concerned about things that were not true about Bitcoin mining, you know environmental concerns Oftentimes we see at the local level not necessarily in Montana But a big one is a concern is around Chinese mining particularly CCP mining I should say not Chinese owned but just that they're concerned that the CCP controls them So we saw real -time discrimination taking place in Montana We solved that problem the other problem. The other thing we discovered while we're there that we learned is That we can add things to this bill And we'll get into sort of like where we got to from that point But it was an important moment in the history of Satoshi action We added in a ban on any additional taxes on Bitcoin when uses a form of payment Which is critical because in the state of Montana, you know If you let's say you sell me a car like they'll tax that like peer -to -peer transaction Let's tax it like right off the top. So if I just sell you some Bitcoin or pay you in Bitcoin They would do the same thing. They'd be like, oh are we you owe us a tax for that? So we banned that which was great. And um, yeah, we'll talk about a little later but that was our big initial success huge success a small tear came down my eye when I When I passed my first bill into law Eric was like, you know done 10 ,000 times So he didn't he didn't really care as much but it was it was a big moment But I was like, we've done it. We've done it, you know, like he was like, ah Alright now I'm time for the next one right? So yeah right to mine. How'd you guys come up with that? It's like a very it's very catchy right and it's hard to argue against that Yeah, I don't know. I just can't use Brilliant top ahead. Okay, I came up with it sent it to I sent it to someone and said hey You should call this right to mine. I didn't even we didn't publicize it a really large news account I said hey just call it right to mine. That makes more sense. Yeah, and they did and then it just took off. Yes It was interesting for sure it's very amenable in a good way Okay, so you guys have passed some bills you're creating like this donor network to be able to to move it forward You've told me about a few wins here. I want to hear about some of like the obstacles which you already kind of alluded to so and we'll get to that later in the show the discrimination which we're seeing pop up right now, whether it be Chinese Bitcoin miners who are being Unfairly maligned for being associated with the CCP or not. And then also just like other Bitcoin miners who are unwelcome in certain areas But to the obstacles, what are some things that you've sort of like learned about why you come through this process creating Satoshi Action Fund and moving forward into these different these different State houses to lobby on behalf of Bitcoin Yeah, I would say that an overarching theme to the work that we do is that Things can go wrong very quickly and can be can be unrecoverable. They can be recoverable, but they can also be unrecoverable You know politics is very much like the real world so when real -world actions occur, there will be Consequences or there will be you know, either good or bad, right? You'll have good things or bad things happen because of real -world actions I'll give an example of a positive real -world example that Leads to us to do where we are today having a lot of success and that is the current consistent worry and fear around central bank digital currencies, so for some reason Which I definitely am aware of I Can't share too much on the story but definitely aware of a lot of Americans became very very concerned around central bank digital currencies and so Eventually, what happened was you had governors across the country including Governor Noem and Governor DeSantis eventually Working to ban central bank digital currencies at the state level There was this big huge kerfuffle around it and everyone was like doing everything they could to like stake their claim Literally Governor Noem took out like a steel Stamp of like a veto stamp and was like like stamped it into the bill. Like it was very it was very cool Actually, I loved it. Um so all of a sudden this like firestorm picks up where central bank digital currencies become this thing that Generally, I would say conservatives are against or Republicans are against but like really really opposed to like hyper opposed to it more so than I have seen anything in the The crypto space broadly I would I would consider CC central bank digital currencies to sort of be adjacent to the to the crypto space and because of that fervent Fear and concern around central bank digital currencies we've actually been able to use it as an effective way to demonstrate the value of Bitcoin because What happened was initially when they said Oh central bank digital currencies are a problem people started to say oh Well Bitcoin is a digital currency Is that also going to have the same problems as a CBDC and of course, we know we started education right away No These things are like way way different and then we just started to realize that it was best to classify them as polar opposites because they literally are like one is You know authoritarian sort of at least you when used on the retail level go ahead Yeah, send a CBDC between a bank or an institution. I don't I don't care at all force it on individuals In the United States without proper regular regulations and regulatory frameworks and then all of a sudden you have something that could be used in a way that you know is Sort of unimaginable to some extent to manipulate human behavior. So We started saying okay, these things are opposite and now when we're going into these states and we're saying okay, you should pass this bill It's pro Bitcoin. Also, it's anti CBDC people are like, oh hell yeah, let's go like we want to pass that bill So that's what that's one positive example of like how real -world things have had a really positive impact on what we're doing There's a lot of headwinds around creating or doing anything that you can to oppose CBDCs and so and as we pitch Bitcoin Bitcoin mining and You know all of our digital asset policy where there's always that thought in mind of how can we tie this into? Concerns around CBDCs which are valid and are linked We are not making some sort of leap here Bitcoin and CBDCs couldn't possibly be more more polar opposite. Gotcha Tell tell me about the some other stories Involving I have one video in mind of you going to Montana and speaking in front of Yeah, and there was someone before you who was just like going off and like kind of rabid It was good. And then you came in after and like kind of calmly presented some is Counter information this typically how the process is? Because I just think you are basically working in like the Parks and Rec version of Bitcoin. You have to like go deal like these Officials and like they don't know anything about it and they're like China bad Bitcoin bad That's that's my understanding every time I see this which is a really unfair characterization of it, but it's also it's stuck in my mind So lay it on yeah. No, it's it's you got you got it. You nailed it, right? Is the funnest example of Just how wild that can be out there So we go and we are getting ready to testify and every time we testify You know Especially because it's around Bitcoin mining we do get some sort of pushback usually at the local level typically from environmental groups Which is unfortunate because there's so much. I mean everybody knows in the mining space There are so many benefits from the methane component to balancing renewables to balancing the grid there's so many benefits that the You know Bitcoin mining space can offer to those that have come from even staunchly environmental the staunchly environmental realm so Needless to say there was two Opponents strong opponents to the bill one was a gal from an environmental group. She didn't get too out of control but the second guy he was a young a young gentleman from from Montana not originally and he worked at UCLA and he Was very opposed to Bitcoin and he started to go on this like speech like this really long drawn -out like monologue and Eventually at one point he says that that Montana will will like Die on the cross of Bitcoin essentially, right? It'll burn on the cross of Bitcoin I can't remember the exact word he uses but it's like very extreme very dramatic and Then he goes on to say that people are dying because of Bitcoin mine houses. I wish the camera was on me There's these cameras in every single Hearing room generally speaking every state Capital building when you're testifying in front of these hearings like they have cameras just like DC but obviously a lot lower tech But I just remember when he said that people are dying because of it He was so people are dying because of Bitcoin. He was so serious about it I just remember looking down my notes and just my face looked looking up at him was like So confused and I just wish the camera would have caught it because it would have been a perfectly it would have been a meme Like forever, but yeah, fortunately, there's a lot of great policymakers out there and actually, you know sometimes you love to rag on these guys, but You know, they do a good job a lot of these guys. They do a good job one guy asks him he says You know, he tries to run out actually that's part of the stories and this is important part of the story So let me backtrack so he finishes his speech. He tries to leave right away, which you don't do never do very rude tries to leave And as he gets to the door one of the people was like hey before you go even you usually we do questions at the End let's have you do some questions right now. We want to be able to talk to you a little bit Bring him back up to the podium He's like now son You made some pretty egregious claims there around Bitcoin mining Do you have anything to back up the statement that Bitcoin mining is killing people and the guy just is like well I don't have it here with me, but I can I can get it to you and He just like this this guy just is like, I mean you gotta remember this you see you sell a guy's like 22 years old he's a kid. Yeah Great great on him though. Great. Love the love the getting active at a young age, but he's just like son if You're gonna come in here and make egregious claims. You better have something to back it up and The kid just was like so upset like cuz he just got he's gave this great speech And he wanted to just walk out like drop the mic and walk out So he just blew him up I was anyways, it was it was definitely the most entertaining moments in the entire history of my experience And it's only been a year and a half So I I'm really looking forward to other stories that I can tell in the future Please catalog all these because I just like very Specifically remember watching that entire video and laughing pretty hard because it was it was pretty funny Okay, let's keep diving into this a little bit more. What have you been seeing in a lobbying front? That's been sort of helpful that you would encourage other people to look at we've had the call lines We've had the emails. We've had people going speaking to people I Think for the Bitcoin community we can all take like a breather and be like a lot of what we've been doing has not been working What has been working to speak with these people in state houses who need to learn about Bitcoin because Bitcoin's coming their backyard What has been working from your year and a half of doing this actively and putting boots on the ground? The things that have helped the most are Well, first of all getting clear of FTX collapse. I mean that is this is what I just tweeted this out yesterday. It's like I Still can't believe that we passed two bills into law in the middle of that collapse and it was a very testy time in the space so getting clear of FTX is Only gonna help us the other is just the way we Approach the conversation around Bitcoin and Bitcoin mining the way we pitch it is that we really focus on the benefits We do not talk about the technical side We do not try to explain how Bitcoin or Bitcoin mining works We give a very brief overview if they want more information Of course, we will dive deeper with them and we are very good at doing that you always have to be ready for those questions, but It's very important to just keep it as simple as possible Most of these policymakers have not made up their minds at all about any of this stuff They hear it in the news over there. They're their nephews trading crypto You know, like they're it's like they've got stuff all over the place, you know, you got some hardline anti -crypto anti -bitcoin Democrats You know, you've got some vocal Republicans, but they're not really like hardline yet. Like there's just not a lot of like really built -in statements or viewpoints on this on this technology and So what we do is we just go in and we say okay like Out of everything you've heard a lot of some of it is true some of it is not but most importantly what we're here to do is try to explain to you the value of Bitcoin mining for your state so we pitch Bitcoin mining and we it's a five benefits I mentioned earlier it can bring jobs local investment great stability Environmental cleanup and the ability to enhance green and renewable energy projects and out of those five No one ever says anything bad about it But out of those five usually a policy maker will say oh What kind of jobs does it make or like, you know, oh I I didn't know it could clean up the environment it's like an instant like gateway to being able to have a conversation about something they care about because usually you're hitting on something there like if it's not the economy if It's not the environment if it's not energy like at the local state level like those topics are huge Because the vast majority of energy policy is set at the state level. The vast majority of job creation is done at the state level And then a lot of this these like sort of decisions around how much green energy they're going to be building done at the state Level a lot of environmental stuff done in the state level Yeah, DC throws around big pockets big buckets of money at everybody and they certainly have regulations But a lot of these decisions are made by local state policymakers And so they care if they care a lot about these issues probably themselves, but also their voters care a lot about those issues Particularly the jobs one comes up a lot because we we know in the mining space that we create a lot of rule And jobs and jobs and economically depressed zones where it's very difficult to create jobs nearly impossible to create like long -lasting jobs So the moment you say oh we create jobs in rural areas. They're like boom the brain turns on like well How do you do that? Because that's really important to me As an example in New Hampshire, we've I've been there a few times now In the there's an area called the North Country. There's like no jobs It's a whole thing like they call it jobs for the North Country is like one of their pitches So when we go there and we talk about Bitcoin mining, we're like jobs for the North Country jobs for the North Country It's because it's true and it's something they care a lot about so that yeah, that's that's generally how we pitch it We do not talk about Too much about Bitcoin in the past We haven't talked too much about Bitcoin to the extent that it's like oh you're gonna need this because it's good as hedge for inflation or XYZ like we sort of stay away from that and focus on things that Like mining that we know will deliver value now, we've expanded our policy. We've expanded the way that we that we talk about it But we haven't gone into this new legislative cycle yet So yeah, that was all done everything that we just talked about that we've done and that we have done It was done in early 2023. We prep for it in early 20 or in late 2022 Now we are prepping for 2024 in late 2023 So we got we sort of have an idea of where things are gonna go and what we're gonna do and we're in a really Great position. In fact, we could be active in up to 20 states we probably won't be active in that many but we have the opportunity to be active in up to 20 states and as a Form of context we only introduced law or excuse me introduced policy in seven states, so we were only able to actually convince seven states to Try to pass our bills Whereas like this cycle, I think that number will be closer to like 10 or 15 only seven states That sounds like a lot of airline miles to me so it can be yeah. Yeah, this seems seems like a lot of work Okay, so we got a lot of that laid out Let's go and talk about some of the more aggressive headlines We've seen recently and we're speaking about the New York Times article that dropped to believe a week ago for listeners Check out that in the show notes will include that I think we also talked about the news roundup last week Essentially, there's a Cheyenne Wyoming based Bitcoin miner They are owned and operated by a Chinese national group that has some ties according to the New York Times to the Chinese Communist Party essentially the story boiled down to Microsoft is near this plant it's Bitcoin mining plant the US government has a missile siloed nearby an Air Force base nearby and Microsoft is worried that this Bitcoin mining base could be used for foreign intelligence reasons Then we also have the story down in Arkansas, which we'll get down to in a second But let's start with this first one this this thing with Chinese nationalist groups Bitcoin mining obviously to to you and I is more of an energy game and it's very simple, right? It's just like plugging machine. Let it hash I'm gonna collect some Bitcoin and then there's those five benefits you talked about to outsiders though. They're not thinking about that They're thinking about all these people coming into rural areas and even foreign investment Has that been a struggle when you've been talking to lobbyists groups or talking to people in state houses have they brought this up to you? Yeah, definitely it's um, it's a major concern I would say Most Americans like average American especially rural Americans care a lot about the encroachment of the CCP on on the United States from from a physical perspective so like from a geographical perspective they don't like the idea of a CCP owned controlled or even highly influenced business You know being next to them and then definitely not being in and around me sort of military installations I believe the location in Cheyenne is near a Also, is that the one that's also near a nuclear plant or a nuclear missile site as well? So yeah, something like that Yeah, so I share the concern like that I think the premise is like Do you want foreign adversaries to be in and around any sort of? Military installation any sort of critical infrastructure You know generally I like my stance is like I'm very like pro people coming here starting their businesses You know trying to accomplish the American dream, but at the same time We also have to be concerned about whether or not those businesses have strong links to You know the CCP or you know A lot of people care a lot about also like Russian oligarchs and their ability to influence America American politics American infrastructure you know the big argument today is that the electrical infrastructure is a critical part of national security and That we need to be doing everything we can to protect it and I agree I think that's important all of those things are important that we should we should keep an eye on them The the thing that I don't like is when the New York Times tried to spin this article as if like Bitcoin mining was some sort of like really powerful tool in the hands of the CCP like next to these sites I don't think it really matters what business was there.
The Dan Bongino Show
Fresh update on "chinese communist party" discussed on The Dan Bongino Show
"Man we haven't done this shout out in so long I forget all the titles but we always to have give the shout out to Alabama Dale it's just been a part of the show for a long time now he is the monarch of Mobile the Duke of Dothan the aristocrat of Auburn and the Baron yeah of Birmingham oh my gosh I got oh how'd I'm so crap don't even had a good memory that's so crazy I how remember all he's got a lot of titles folks it's not to keep track of people ask me why I don't add more a lot of places in them honestly cuz I just won't remember them all that's why it's tough to get those four down Alabama Dale hold it down brother hold it so I I brought up before how reputation has to matter and the problem and they're the reason our faith in institutions whether it's the FBI or the military or at really critical very dangerous slows is because the people in charge of these entities not necessarily the people working there have just buried them into the ground the Mark Millies of the world people who decide to do politics I mean I'll give you a perfect example a guy the Intel community up Michael Hayden a guy who's just lost his mind like a senior Intel guy in the United States government who's become like a Twitter troll he's like on Twitter calling Donald Trump for like spends all like day a political activist and this is going to have real ramifications in real the world because folks the world again is a beautiful place there's no reason to walk around in a funk all day that's an end Jim I although I know it's Wednesday and we're good with the FCC today then oh we're not we're not okay that's good I'm you glad said that you'd have to walk around in a funk all day the world is it's a great place take your kids on amusement park rides and watch the smiles on her face I mean I watched my daughter at the Auburn game the out of the iron ball does me she was so happy it's like but there's a lot of there's bad stuff that happens and the way to reduce the anxiety from the bad stuff is to have leaders in charge you people at least have a general sense of faith in their competency and honesty and we don't have that what makes me think of this is this story I just read yesterday I'm going through some stuff I'm trying to get ready for the show and I'll be honest with you it hasn't been like the craziest Newsweek ever but the weird thing is because there's not a big headline story you know I'm saying like you know that once in a while you'll get a big headline story that it'll give you show content for I mean mostly for all the wrong show content for a long time a primary a terror attack and you're talking about this stuff forever this week hasn't been the most you know off the charts Newsweek but there's so much stuff bubbling under the surface that requires us to have faith in these political leaders that it's just crazy we can't trust anyone here it is Sun Tom Malley China bring back it brings back masks and social distancing in a chilling echo of lockdowns over a mystery outbreak four years after coven there's another outbreak in China we discussed it yesterday nobody really knows what it is the Chinese Communist Party is insisting it's some form of pneumonia the problem from when I read is the Chinese Communist Party at least the information that slipped out which you can barely trust is that they've been giving them standard treatments for pneumonia over there and it's not working which I'm not a medical professional it says to me one of two things either there's some kind of resistant pneumonia to traditional drugs or it's not pneumonia I mean if you could think of a third reason I'd love to hear it now this is a big story because we just went through this matter of fact we're still going through this with the Wuhan coronavirus so when I read stories like this and I hear China's bringing back masks and social distancing I think to myself this is it these are the morons in charge you realize this is a very strong likelihood not certain but a strong likelihood that China's unnecessarily restrictive ridiculous lockdowns during COVID probably caused a resurgence in this virus or bacteria they're dealing with now I explained it yesterday and and Oh Dan you're not a doctor no I played dr. Nicole sapphire from Fox who is a doctor explaining it I'm not a stupid smart person I'm a smart smart person I know what I don't know and she explained in a very logical science -based manner that virus this in China or bacteria whatever it is it's causing this mass respiratory illness over there could just be something we've seen before and because China was locked down and masked up and social distance people's immune systems aren't used to it and therefore it's hitting them harder so what's the solution well course of the solutions to do the exact same thing that caused the crisis in the first place run around like a bunch of morons with the alcohol gel the masks on and the social distancing again it's like please smash head my against the desk because it feels good when it stops this is like let the now you expect this out of the Chinese Communist Party you do because communists are generally stupid best ever else that they wouldn't be communists I mean only a moron would believe in you from communists worse each according to their abilities to each according to their needs the first half of that is accurate from each according their abilities you will get nothing though according to you that's just the die -hard history of communism you will get something you'll get a body bag that'll be great you'll get a body I'd bag be just slide right it may not even be fit to you but you'll get one maybe you'll get a lot of you're lucky it's a hot car those things are awesome my issue isn't that china's gonna screw this up again and all that's bad enough with masks and social distancing which probably cause the respiratory illness they're break of it at least my issue is that this thing's now spreading no Dan it's in china no it's not express Alice Higgum fresh epidemic fears as child pneumonia cases surge in Europe after China outbreak apparently there's been a dramatic uptick in the Netherlands now folks we've seen this story for my problem with this again is not that the Communist Party China's in gonna do something dumb like reinstitute a bunch of failed policies that likely dead led them down this deadly path again my problem is we live in a free country where people actually know this stuff doesn't work and I can almost guarantee you if this thing makes it here I take that back when this thing makes it here they will do the same damn thing over again it doesn't matter why because as we opened up the show the dumbest people in charge right now are the people of the federal government nobody trusts them and the institutional value of the value of their institutional knowledge is zero people it's to the point now and it's so sad where conservatives, libertarians, republicans and even sane democrats whatever these institutions tell them the media the FBI some upper level members of the military in the intel community it's sad whatever but they tell you people believe the opposite it's the saddest thing I've ever seen that you have this outbreak of this respiratory illness in china now making its way over to europe it could come here we already know what doesn't work for this stuff and I can guarantee you people with important jobs I'm not saying they're good people but there's no question they're in important jobs that people with important jobs will come out and recommend to you tomorrow the exact same thing that exacerbated the covid crisis in the first place masks and social distancing guaranteed guaranteed now do you understand? I know this story, whatever mask the thing comes up it drives my producers nuts because it's a story I hate so much and I love to talk about because I hate it so much but they hate it but I bring it up because because it really is indicative of this of the world we live
Mark Levin
Ron DeSantis Weighs in on Nikki Haley's Gubernatorial Record
"Bring it up if she does bring it up she's very defensive about it what do you make of that well look mark at the end of the day are you somebody that's producing results or are you just in office to bide time and my view was I sat when I down at the desk in the state capitol when I first took office as governor I looked around the office said I don't know what SOB is going to succeed me but they're not going to have anything to do because I'm taking all the meat off the bone I'm I'm not gonna waste any time I'm gonna get all this stuff I promised done and I've done that everything I promised I would do I have delivered on and these are very consequential things as you mentioned I think somebody like Nikki she's Haley running away from her record as governor because her main task as governor she saw it was to recruit investment from the Chinese Communist Party into South China she was the number one ranked governor at bringing in China into her state when she was governor and she actually South Carolina gave away mill land to the CCP five miles away from a military base for them to do a business venture there and that was very consistent she went to China with the World Economic Forum back in the day she took other junkets there and this was something she wrote a love letter to the ambassador when she was governor saying what a great friend China was so that's just that's very consistent that was her world view that was what she did now she's trying to say she's a completely different person on all that and she's trying to trying to run away from it she's also never gotten involved in fight a and actually fought on behalf of conservatives and won me for example we've lot of done different things in Florida like protect girls and women from having boys and men go into their bathrooms and locker rooms when she was governor of South Carolina she killed a bill that was being proposed that would have provided those protections and so this is just a pattern with kind of how she does things doesn't stand up when it matters is basically catering to the more liberal Republican donor class. now this Republican donor class is interesting because I was watching one billionaire on TV And it was bizarre sometimes I wonder how these guys get to be billionaires But that's but just me governor anyway first he said he supported Trump then he supported then he supported Tim Scott now he's supporting Nikki Haley isn't that kind of bizarre I mean do these billionaire donors not all them but these these what is it it's the the flavor of the day or they all now all the ruling class corporatists are they now and I'm I'm yes this gonna suggest is the case the ruling class rhino corporatists are now betting on Nikki Haley a lot of them are no well I think there's a couple things one I think the fact that a guy like me I'm not just
The Dan Bongino Show
During 2020 Campaign, Joe Biden Lied About Receiving Foreign Money
"OK. Jim, queue up for me. Cut to and nobody in the media can seem to explain this away. Here was Biden running for office against President Trump in a debate. We now know he took money that originated from the Chinese Communist Party. We know it. The money trail. No one in the media seems even remotely curious about this little soundbite from the 2020 election and asking him questions about it. Check this out. I have not taken a penny from any foreign source ever in my life. We learned that this president paid 50 times the tax in China, has a secret bank account with China, does business in China, and in fact is talking about me taking money. I have not taken a single penny from any country whatsoever, ever. All I mean, it reminds me of, like, the dude from The Big Lebowski. Yeah, well, like, I mean, Donald Trump is in 7000 different courtrooms for paying for a guy's parking and for Mar -a -Lago allegedly being worth 27 dollars million when it's worth, uh, I mean, it's just the dumbest thing. I've never heard things so soon. There's no allegation of fraud, there's not a single bank alleging fraud, there's not a loan repayment missed, and Donald Trump is in criminal and civil court for this. Joe Biden took $40 ,000. Nobody knows if he paid taxes on whatever. it or The money originated from the Chinese Communist Party. It's 10 % for the big guy, him. business The partners acknowledge he's the big guy. We have the money trail. He said he took no money from foreign sources despite that being categorically false, and not a single liberal soul in the media
The Crypto Overnighter
A highlight from 699:Warrens Bill, Chinas Mining Ops & SEC on Grayscale
"Good evening, and welcome to The Crypto Overnight. I'm Nick Ademus, and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax, and let's get started. And remember, none of this is financial advice. And it's 10 p .m. Pacific on Saturday, October 14th, 2023. Welcome back to The Crypto Overnight, where we have no sponsors, no hidden agendas, and no BS. But we do have the news, so let's talk about that. Tonight, we'll be diving into the legislative halls of the U .S. Senate, peeking behind the courtroom doors, and even taking a luxurious ride with Ferrari, all while exploring how the crypto landscape is evolving in response to these pivotal events. Buckle up, and let's get started. In a recent development that's stirring the legislative waters, the ties between the militant group Hamas and cryptocurrency have been a focal point in the U .S. Senate. This connection is lending significant energy to Elizabeth Warren's money laundering bill, which aims to tighten the noose around illicit financial activities involving cryptocurrencies. The allegations of Hamas utilizing cryptocurrency to fuel their operations have reignited concerns among U .S. lawmakers about the dark side of digital assets. This shadowy linkage is serving as a catalyst for Senator Warren's bill, which is now gaining traction in the Senate. This bill is seen as a crucial step towards bringing a semblance of regulation to the Wild West of cryptocurrency. In theory, it's designed to stem the tide of money laundering activities by enhancing the oversight on transactions carried out through digital assets. By doing so, it aims to strip away the veil of anonymity that currently shrouds the crypto realm, which has served as a fertile ground for illicit financial activities. However, the exact nature and extent of Hamas involvement with cryptocurrency remains shrouded in ambiguity. While the allegations have brought this issue to the forefront of legislative discussions, there's still a significant lack of concrete evidence linking Hamas to crypto -based financial activities directed at Israel or any other entities. This speculative nature of these allegations only adds fuel to the fire of the ongoing debate on cryptocurrency regulation in the U .S. This situation underscores the delicate balance between innovation and regulation. On one hand, cryptocurrency holds the promise of financial freedom and decentralization, ideals that resonate strongly with a large part of the global population. On the other hand, the potential misuse of these digital assets for nefarious purposes poses a serious threat that lawmakers are keen to address. Senator Warren's bill is a flat -out overreach. Full stop. It's a move that will stifle the innovation and financial freedom promised by cryptocurrencies. The recent developments surrounding the alleged crypto funding of Hamas have undoubtedly nudged this regulatory needle towards a tighter grip on digital assets. Senator Warren's bill symbolizes the growing concern among lawmakers about the potential misuse of cryptocurrencies for sinister purposes. The incident also serves as a stark reminder to the crypto industry about the uphill battle it faces in the quest for mainstream acceptance, especially when adverse events like this bring to light crypto's darker potential. Alright, that wraps up our deep dive into the legislative halls of the U .S. Senate and the dark corners where crypto and terrorism converge. If you're concerned about the impact of this news on your digital assets, you're going to want to stick around. Up next, we have a geopolitical thriller in the crypto mining world. Chinese bitcoin mines are springing up close to sensitive U .S. locations. It's a story that's sure to make you rethink the notion of friendly neighbors. And hey, if you haven't yet, do click that subscribe button and The emergence of Chinese bitcoin mines on U .S. soil has been stirring the waters of national security, igniting a discourse that extends far beyond the crypto realm. This scrutiny comes as some of these mining operations have been found to have ties with the Chinese Communist Party raising eyebrows over the proximity to critical U .S. infrastructure. One particular operation located next to a Microsoft data center that supports the Pentagon and an Air Force nuclear missile base in Cheyenne, in a note to a U .S. government committee, articulated the potential risk stating that the locations could provide advantage point for the Chinese to pursue intelligence operations. Although there haven't been direct indications of malicious activities, the scenario paints a picture of potential threat vectors stemming from the computing power of an industrial level crypto mining operation, especially with an unidentified number of Chinese nationals in close vicinity to strategic U .S. installations. Bit Origin is the company linked to the Cheyenne mine. They transitioned from a pork processing facility to a crypto data center. That's quite the renovation. The choice of location was reportedly influenced by an agreement with local utility providers, not the proximity to the Microsoft data center or the missile base. The ripple effect of China's 2021 bitcoin mining ban is evident. Many Chinese companies redirected their operations to U .S., especially to crypto -friendly states like Texas and Wyoming. The landscape shift also unveiled a complex web of connections with some operations having tied to state -owned entities concealed behind layers of shell companies. For instance, YZY Capital Holdings, controlled by a Chinese businessman and Communist Party member, acquired land near the Microsoft data center for bitcoin mining. Despite legislation like Texas' Lone Star Infrastructure Protection Act, which is infrastructure by businesses owned by foreign adversaries, the lucrative state incentives have kept the Chinese -tied bitcoin mining operations afloat. This situation unveils a gray area, where the operations, although legal, could place enormous stress on the grid and could be used in concert to wreak havoc. The narrative aligns with the broader geopolitical tension. The Office of the Director of National Intelligence warned that in the face of a major conflict, China could consider aggressive cyber operations against U .S. critical infrastructure. The extensive use of bitcoin mining machines from Bitmain highlights the dynamics at play. Bitmain is a dominant Chinese manufacturer with no direct government ties. That said, some exports were channeled through a subsidiary. That subsidiary listed its address as a Communist Party guest house. So that shows how things can become entangled. The lens through which the U .S. perceives the Chinese mining operations on its soil is tinted with national security concerns, underlining the broader implications of the crypto industry in geopolitical theater. The growing presence of Chinese bitcoin mines on American soil delineates a broader narrative of geopolitical maneuvering in the crypto mining landscape. The situation shows how real -world geopolitical frictions are testing the decentralization ethos of cryptocurrencies. Chinese mining operations, especially those with ties to the CCP, pose substantial security risks. Moreover, the situation also casts a spotlight on the regulatory gray areas surrounding cryptocurrency operations within the U .S., provoking a potential re -evaluation of legislative frameworks to better safeguard national interests. Furthermore, this underscores the ripple effects of China's stringent anti -crypto stance. As Chinese mining operations seek more lenient shores, the U .S. has become a significant player in the global crypto mining landscape. This transition also embodies a subtle, yet significant power shift in the global crypto economic framework, pivoting the access of crypto mining power from east to west. The dynamics also beg the question of how the U .S. will navigate the fine line of fostering a conducive environment for crypto innovation while mitigating the attendant national security risks. From geopolitical tensions to regulatory roller coasters, the SEC has dropped a bombshell, or rather opted not to. They've decided against appealing a court ruling in favor of Grayscale's Bitcoin ETF. What does this mean for crypto's mainstream acceptance? Stay tuned to find out. But since you're still here, give us a thumbs up and make sure you're following us for more analysis. The unfolding situation surrounding the Grayscale Bitcoin exchange -traded fund has taken an intriguing turn as the Securities Exchange Commission decided against filing a last -minute appeal to challenge an August court ruling, consequently advancing the likelihood of crypto asset manager Grayscale launching a Bitcoin ETF. This step by the SEC, although not cementing the approval of Grayscale's application, surely signifies a perceptible shift in the regulatory dynamics. The crux of the matter dates back to when Grayscale sought convert its Bitcoin trust into a spot Bitcoin ETF, a proposal initially turned down by the SEC. This rejection led to a legal contest, culminating in an August verdict by a federal appeals court. The court deemed the SEC's disapproval as arbitrary and capricious, pointing out an inconsistency where the SEC had previously cleared Bitcoin futures ETFs for trading, yet opposed the spot ETFs proposed by Grayscale. This ruling nudged the SEC to revisit its stance on Grayscale's application. The window for the SEC to appeal the court's decision was ticking away towards a midnight deadline. However, as the deadline approached, the SEC chose not to contest the court's ruling. This does not automatically tip the scale in favor of Grayscale, but it amplifies the optimism within the crypto industry about the eventual nod for a spot Bitcoin ETF. This development sent a modest ripple through the Bitcoin market as well, as its price experienced a minor surge of roughly 1 .3 % in the moments following the news. A source familiar with the matter indicated that the SEC made the decision ahead of the deadline. SEC Chair Gary Gensler, earlier in the day, chose to remain silent about a potential appeal, declining to comment when asked about it during a press conference. Jennifer Shulp, the director of financial regulation studies at the Cato Institute, emphasized that while the decision by the SEC is a step towards the potential approval, it is not a guarantee. The road towards approval could still encounter legal snags as the SEC could re -review and possibly deny the application on different grounds, potentially igniting another round of legal tug -of -war. The SEC's non -appeal may be indicative of changing tides in the regulatory landscape, changes that could possibly herald a new era of acceptance and recognition of cryptocurrency -based investment vehicles such as ETFs. This move, or lack thereof, by the SEC can be interpreted as a subtle nod to the legitimacy of Grayscale's ambitions, reflecting a potentially more open, or at least less adversarial, regulatory stance towards innovative crypto -based financial products. Gensler has been under pressure by members of Congress to start approving these things. That likely has heavily contributed to this non -action. Moreover, the SEC's silence could be seen as a tacit acknowledgement of the growing influence and acceptance of cryptocurrencies and related financial products within the mainstream financial ecosystem. It's a significant step that not only bodes well for Grayscale, but also sends a positive signal to other firms that might be eyeing similar ventures. While this development is a positive stride, it is essential to note that the road to a Grayscale spot Bitcoin ETF is not entirely clear. The SEC could re -review and deny the application on different grounds, starting the as a breath of fresh air in a heavily regulated and often unpredictable market. It offers a glimmer of hope for Grayscale and the broader crypto community that has long awaited such progressive regulatory measures. Now, who needs a weatherman when you've got the SEC and Coinbase? The regulatory forecast is cloudy, their relationship is stormy, and the SEC is demanding clarity. Up next, we delve into Coinbase's legal push for a clearer stance from the SEC on crypto regulations. If you're new here, you know what to do. Hit that subscribe button and ring the bell to stay in the loop.
The Dan Bongino Show
Montage: Joe Biden Gets Mad Every Time He's Asked About His Son
"So jim queue up for me cut five this is what happens when you ask joe biden about his son hunter he gets really mad i'll explain why uh... you know i said no indication of any conflict from the credit or anywhere else period let's focus on the problem focus on this man what what he's doing that no president has ever done company wanted access to you well well that's not true you're saying things you do not know what you're talking about who said that there is no controversy about my son that's all a lie demand why is he mad always bad because he loves his son he does not why he's mad no one who loves their son sends him overseas with a drug problem the grift chinese communist party period end the sentence end the book joe oh biden is mad for one reason because biden is terrified that if the media keeps looking into his son it's going to pressure the doj to
The Dan Bongino Show
Joe Biden Speaks at Tribute for Retiring Gen. Mark Milley
"I thought did a really, really did us a huge service yesterday. But something happened right before we came on the air. Folks, remember a couple of weeks ago when Joe Biden was given a speech and he discussed his interest in the Maria Giavolo Institute. You did. This is just for those who missed. This is a real So, you know, we we looked it up and apparently it's legitimate. The Maria Giavolo conversation. And Jim was Jim was actually shocked. It's a very well established, well respected institution. Association. So today there's there's wind going around through my traffic in D .C. that Mark Milley, who thankfully Lee is leaving to join chief chairman, just a genuinely awful human being who is alleged to have told the Chinese Communist Party he would like tip them off if there was going to be some kind of action. So I don't even know how he he how he politically survived that is incredible. But he's leaving. And Joe Biden in the went off today, appeared to be recommending him for the Maria Giavolo Institute. We're trying to figure out exactly what he said. Jim is putting it through the Joe Biden translator now. But maybe you can help us out, Jim, if you would. I Mark Milley, combat what, what? Combat Man with a mask to put to put it. Well, I guess that's well, you
The Dan Bongino Show
ABC News: The Biden Documents Scandal Is Bigger Than We Thought
"Biden got a quarter million dollar payment at his house from the Chinese Communist Party and oh look this is breaking yesterday breaking the federal probe into Biden's handling of classified documents prior to becoming president has grown into a sprawling investigation several sources estimate as many 100 as many as 100 witnesses have already been interviewed with interviews conducted as recently as last week out of ABC News hey Jim there was a poll the other day recovered on the show get my can you guys check on this I'm not sure I have the facts exactly accurate and I'd like to be spot on there was a poll the other day conducted that showed Biden down nine points I was it was it an ABC poll ABC Washington was an ABC poll and now ABC is talking about a massive classified documents investigation going on into Biden okay Dan put it together for us what are you suggesting I'm not suggesting I'm just telling you now ABC appears to be wanting Joe Biden out of the race I'm telling you even Rachel's telling you relax you might sorry for all the sniffles today a little bit allergies I'm not sick I promise folks what do you think's going on here ABC News The with Washington Post launches a poll showing Donald Trump ahead of Joe Biden by nine points nine points all of a sudden a couple days later we find out ABC News breaks news that the classified document scandal for Joe Biden is bigger than we thought you can un -flag what I told you to flag a while ago what's happening you know it answer the question know you you
Thinking Crypto News & Interviews
A highlight from JPMORGAN CHASE BLOCKS CRYPTO IN UK! SEC GARY GENSLER DELAYS BITCOIN SPOT ETF & HEARING!
"Welcome back to the Thinking Crypto podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google, please leave a five star rating and review. It supports the podcast and it doesn't cost you anything. Well, folks, tomorrow's scumbag regulator, Gary Gensler, will be testifying before the House Financial Services Committee at 10 a .m. Eastern. So I definitely will be watching that. I'm hoping that he gets grilled, that he comes down on this clown because he has not been abiding by the law. He has made the SEC political. And there's many different topics that I hope the members of the financial committee go after him on. First, of course, the loss to Ripple in the XRP lawsuit, right where XRP was declared intrinsically not a security. So that is a total contrast to what Gary has been saying, that the rules are clear in 1933 -34 how we test for stocks and bonds. But it's like you buffoon digital assets exist on decentralized blockchains distributed globally. This is not a U .S. market. This thing is global and it's decentralized. So we need updated rules for this. And I'm not saying that every crypto asset is not a security. There are some that are. But how do we differentiate? That's the need for the updated rules. So the other aspect is Gary and the SEC took a big loss in the grayscale lawsuit. And the three judges went against the SEC and they said the denial of the grayscale Bitcoin's bond ETF was arbitrary and capricious. Gary's taking big losses in court here. Right. And obviously, Gary, going after the Coinbase folks is really bad, given that they greenlighted Coinbase to go public. The other aspect is Promethean, because since Gary was before this committee, a lot of stuff came out of a Promethean that they had they got the license, but they weren't even selling crypto and that this guy is clearly a plant by Gary Gensler and Elizabeth Warren. So I'm hoping they bring the heat on this buffoon and expose him. Last time they did a great job, but they got to keep the pressure on and expose him. Now, ahead of the hearing, Gary released his testimony. But it's the same old bullshit. Right. There's nothing new here. I don't even want to read anything. He just brings up the securities laws of 1933 and so on and so forth. Now, what also happened was a bunch of letters were sent to Gary Gensler and some other folks as well. So the first is a bipartisan letter was sent to Gary Gensler by GOP members and Democrats. So this is really great that it's bipartisan and they're urging the SEC to approve a Bitcoin spot ETF. The GOP members included Tom Emmer and Representative Mike Flood. The Democrats included Ritchie Torres and Representative Wiley Nickel. So this is really good. You know, they highlighted the grayscale lawsuit and how the court of appeals sided with grayscale. So I'm hoping that these folks bring the heat on Gary tomorrow. In addition, there was a letter sent to Gary Gensler and FINRA from Congressman Blaine stating his concern over the SEC's insufficient scrutiny of registered broker dealers with ties to the Chinese Communist Party, such as Prometheum, Webull and Moomoo app. Honestly, never heard of Moomoo app, but certainly Prometheum. We know, guys, that is a shady business and we will see what happens tomorrow. So they got to bring the heat and they got to keep putting the pressure. We have to use social media to our advantage. Folks, I want you all to be tweeting, sending emails to your representatives, making phone calls. We got to use the hashtag fire Gary Gensler. That stuff matters because I've said many times, optics play a big part in politics. I know we're not there in the capital, you know, forcing these folks to sign the bill or to fire Gary Gensler, but we can make our voices heard and we can amplify the facts and the truth and expose Gary Gensler for the corrupt scumbag that he is. And here, folks, the SEC has delayed the ARK Invest slash 21 shares Bitcoin spot ETF filing. They also delayed the global ex ETF application, which was due October 7th. So, you know, James Seyford is essentially saying, you know, will this mean that BlackRock, Bitwise, VanEck, all these folks are going to be delayed, too? You know, it wouldn't surprise me, Gary, I don't know what he's up to, but I hope the members call tomorrow him out on this. What are you doing? The courts clearly are saying you're not doing the right thing and they're siding with the crypto industry. So we once again, guys, are dealing with a corrupt scumbag regulator. He's a puppet on strings doing the bidding of his tradfi buddies and trying to slow this industry down, trying to kill crypto startups. So let's see what happens tomorrow. Now, speaking of Gary Gensler's tradfi puppet masters, Chase UK, yes, JP Morgan, Chase in the UK to block crypto payments, citing fraud and scams. Unbelievable, unbelievable, folks. And I'm going to give you the context of this. But let me give you the details of what they're trying to block. Banking giant Chase is banning crypto linked payments via debit card or by outgoing bank transfer for UK clients starting October 16th, according to an email to customers. If we think you're making a payment related to crypto assets will decline it, the email said, adding that the customers are free to use a different bank or provider to invest in crypto. However, finding a crypto friendly bank in the country may not be the easiest thing as UK credit institutions have a history of blocking or limited limiting customer access to crypto. The local financial watchdog, the Financial Conduct Authority, recently said it had facilitated discussions between banks and crypto firms because lenders have shown a reluctance to offer services to that industry. The fact that JP Morgan Chase is doing this is despicable. Why? Just today, just today, folks, JP Morgan agrees to pay seventy five million dollars settlement over ties to who? Jeffrey Epstein. Do I even need to say anything else about that name? Right, folks? These banks themselves are participating in a whole bunch of criminal scumbag activity, right? We've seen over the years. How many fines has JP Morgan gotten here? Kyle Schnapps, he highlighted this. He said JP Morgan Chase has paid nearly 40 billion dollars in fines for financial fraud and predatory practices since 2000.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1406: Bitcoin Will Hit $4 Million, Rising 100x - Peter Thiel
"In today's show, we'll be discussing Bitcoin Bollinger Bands hitting a key zone as Bitcoin price fights for $27 ,000. In breaking news just in, Bitcoin hash rate hits a new all -time high. Let's go. And quoting Stacey Herbert, Bitcoin is pumping on the news of President Bukele's speech to the UN tonight. Can't wait. We'll also be discussing Bitcoin Adoption Fund launched by Japan's $500 billion Nomura Bank. That's right. The Bitcoin Adoption Fund will have long -only exposure to Bitcoin and be available to institutional investors. We'll also be sharing Sam Bankman, Fried's father, dragged his mother into an FTX US salary dispute. You can't make this stuff up, folks. Also in today's show, Bitcoin gearing up for a post -having parabola, according to crypto analysts. I'll be sharing his very bullish all -time high target. We'll also be discussing crypto asset market cap should explode 5 to 10x during the next bull cycle, according to investor Raoul Pal. I'll also be sharing Peter Thiel's $4 million Bitcoin price prediction, and we'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again, that's cryptonewsalerts .net. Welcome everyone just joining us. This is pod episode number 1406. I'm your host JV. And today is September 19th, 2023. We have lots to cover as usual. Massive shout out to everyone today in the live chat. Please let me know where you're tuning in from. And at the end of the show, I'm going to be reading everyone's comments out loud. Let's kick off today's show with our market watch as we do each and every day, the entire crypto market back in the green with Bitcoin back above $27 ,100 and checking out coinmarketcap .com, the current crypto market cap on the climb at $1 .08 trillion with roughly $27 billion in volume for the past 24 hours, Bitcoin dominance at 49 .2 % and the Ether dominance at 18 .4%. And checking out the top 100 crypto gainers of the past 24 hours, we have TonCoin leading the pack up 5%, trading at $2 .57, followed by GMX up about 5%, trading just under 36 bucks, followed by Conflux up 4%, trading at $0 .12. And checking out the top 100 crypto gainers of the past week, virtually 95 out of the top 100 cryptos are in the green. Some of the top gainers include GMX, GRT, as well as CRV and NEO. And checking out the crypto greed and fear index, we're currently rated at 46 in fear, same as 37 in fear. So there you have it. How many of you are pretty stoked for this most recent pump? And how many of you agree with Stacey Herbert that this pump is due to Bukele's speech scheduled for this evening? Let me know, fam. And now let's dive into today's Bitcoin technical analysis. Check out the charts and what's popping with the king crypto. Bitcoin could see fresh upside volatility as the price action and the strength revisits a key level according to a classic metric. In a new post, John Bollinger, creator of the Bollinger Bands volatility indicator, says Bitcoin was positioned for a breakout decision. That's right. After hitting new September highs the day prior, Bitcoin has been challenging resistance levels out of reach since mid -August, according to data from Cointelegraph and TradingView. Now for Bollinger, the signs for Bitcoin are encouraging. Bollinger Bands use a standard deviation around the simple moving average to determine both the likely price ranges and volatility. And as Michael Saylor once said, volatility equals life force. Now, currently Bitcoin is putting in daily candles that touch the upper band. And when this happens, it can signal an imminent reversal back to the center band, or conversely, an inbound fit of upside volatility. Now narrow Bollinger Bands seen on Bitcoin recently lend weight to hopes that the latter scenario will now play out, quitting him here. And then there is the first tag of the upper Bollinger Band. After the new set of controlling bars were established at the lower band, he commented alongside this chart, the question is now, can we walk up to the upper band or is it too early to answer? What are your thoughts, chat? Let me know in the comments below. Now Bollinger characterizes the current mood among seasoned Bitcoin traders and analysts on the short -term timeframes. Despite the strength seen this week, caution abounds as various trend lines previously acting as support remain above the spot price. Now discussing the situation, we had on -chain monitoring resource, material indicators share the following. We have heavy technical resistance overhead at the key moving averages and support at the lower low. It is quite possible that we round trip the range. And with any luck, we'll see a legit test of the RS levels that will give us some clarity on where Bitcoin goes from here before the end of the week. And they also shared here in update number two, as noted earlier, it appears the Bitcoin bulls are gaining some momentum, but things are not always as they seem and goes on to share that sometime after last night's candle and close open, we've seen a new trend precognition signal develop on the daily chart and it seems to be bullish. I mean, we are breaking out. We are above 27 ,000. So let's freaking go. And also more strong foundation on the technicals. You can see Bitcoin hits yet another all -time high, which virtually means the network has never been this strong and this secure. Now I'm pretty stoked to tune into President Bukele's speech to the UN this evening. What do you think he has to share besides? I told you so. Let me know, fam. And again, welcome to everyone just joining us for the live show. Lots to continue to cover. So let's continue breaking it down. Next, let's discuss this adoption fund, which is a pretty big deal coming out of Japan. Let's go check this out. Japan's largest investment bank, Numura's digital asset subsidiary, Laser Digital Asset Management, launched the Bitcoin adoption fund specifically for the institutional investors. Bring it. The official announcement noted the Bitcoin -based fund will be the first in a range of digital adoption investment solutions that the firm plans to introduce. Now Numura is a Japanese financial giant with over $500 billion worth of assets, which basically that's half a trillion, baby, offers brokerage services to leading institutional investors. The Bitcoin fund launched by its digital asset arm will now offer investors direct exposure to BTC. The Laser Digital Bitcoin Adoption Fund offers long key exposure to Bitcoin. The financial giant has chosen Kamanu as its regulated custody partner. The Bitcoin fund is a portion of Laser Digital Fund's segregated portfolio company that has been registered as a mutual fund in accordance with the Cayman Islands regulatory authority. Now, Laser Digital Asset Management head Sebastian said the Bitcoin is one of the enablers of this long -lasting transformational change and long -term exposure to Bitcoin offers a solution for the investors to capture this macro trend. Now, the Bitcoin adoption fund might be the first of its kind launched by Numura and the digital asset arm, but the Japanese investment banking giant has been investing in the digital asset ecosystem for quite some time already. In fact, September of last year, the firm launched its digital asset venture capital arm to stay at the forefront of digital innovation. And also won Dubai's virtual asset regulatory authority license to operate in the country. The long -only Bitcoin adoption fund for investors in Japan comes amid a growing discussion around Bitcoin -based investment products from regulated and mainstream financial giants. The United States SEC approved two Bitcoin ETFs, even though there is a delayed decision specifically on the spot. Bitcoin ETFs. What's up with that, Mr. Gensler? Just saying. And apart from the US, Canada and focused investment products over the past couple of years. So there you have it, mass adoption, let's freaking go, especially on the institutional level. How many of you are in Japan? I know we have some in our audience out there. Let me know. And have you ever heard of this company before? Any plans in investing through them? Let me know how you guys feel. And now let's break down the latest. It gets more surprising and shocking every day with what all is going on with Bankman -Fried and FTX. Now his parents are involved. His parents are being sued by FTX. And it's just a nightmare of a mess, to say the least. So let's break down this latest story regarding SBF. Now, Joseph Bankman, the father of the former FTX CEO, Sam Bankman -Fried, complained to his son about the salary he was receiving during his employment at FTX US, turning the issue into a family matter. In a September 18 filing with the US Bankruptcy Court for the District of Delaware, FTX debtors filed a complaint against Bankman and Barbara Fried, alleging that SBF's parents misappropriated millions of dollars through their involvement in the exchange's business. And according to the court documents, Bankman's contract with FTX US should have provided a $200 ,000 annual salary following a leave of absence from the Stanford Law School in December 2021. However, Bankman seemed to express ignorance about the terms of the contract, claiming to both FTX US and his son that he was expecting a $1 million annual salary. What about all that property in the Bahamas, fam? What about all that? Hundreds of millions worth of properties? Just wanted to throw that out there. The complaint states that Bankman was putting Barbara on this, suggesting that SBF's mother may have been able to persuade her son to follow through with the salary change. Things get even more interesting. So according to the complaint, Bankman's influence paid off, with SBF later providing his parents $10 million from Alameda Research. Can you talk about commingling? A 16 .4 million property in the Bahamas, funded by FTX Trading, the ability to expense roughly $90 ,000 to FTX Trading on the island nation in the Bahamas, and options to purchase company stock. Now, when reached out to the legal team representing Bankman and Fried, but did not receive a response at the time, unfortunately, the legal action brought by the debtors was the latest in the bankruptcy case involving FTX and many of its subsidiaries filed in November of last year. Bankman Fried also faces 12 criminal charges to be spread across two trials, starting in October of 2023, which is right around the corner, fam, and March of 2024, right before the halving, scheduled for April of next year. And since the federal judge revoked his bail in August, Bankman Fried has been largely confined to the Metropolitan Detention Center in Brooklyn. Where's Brooklyn at? Before the start of his October trial, then on September 19th, a three -judge panel heard an appeal from SPF's legal team requesting the former FTX CEO to be released from jail in order to prepare for the trial, citing the lack of internet access and first amendment issues. All I got to say is this, I mean, how many people realistically have access to the internet in jail? Why should he? Million dollar question right there. But what are your thoughts, fam? How do you think this is likely to play out? And do you think that Bankman Fried's parents are just as guilty as SPF himself with the commingling and the fraud of going up north of $30 billion, making it the biggest scam in history that we're aware of? Hence why we call him Mini Madoff, because he made off with billions of dollars worth of investors' money, and Gary Gensler and the SEC was protecting him behind closed doors. So it's going to be very interesting to see how all this is likely to play out. Now let's discuss post halving. We all know there is a halving scheduled roughly six months out. We all know post halving, the price action is most likely going to reach a new all -time high and enter price discovery mode. Well, this analyst shares a very intriguing target. So let's break this down, shall we? And welcome to y 'all just joining us. Say hello in that live chat. Let me know where you're tuning in from. I stream live here seven days a week from Puerto Rico. Synonymous analyst Rhett Capital tells his followers on X that Bitcoin can rally above $80 per ,000 coin in the months following next month's event. For the halving, send it. Let's go. The Bitcoin halving cuts the Bitcoin miners' rewards in half, as we all know, expected to take place in April of next year. And while Rhett Capital is a long -term bull on Bitcoin, he notes that it is possible for Bitcoin to continue its downtrend before the halving, putting him here. Hang in there and make the most of any deeper downside in this pre halving period. You won't see the post halving parabola in the outlines here in this chart. It shows you in the yellow, the pre halving period, then in the pink, the post halving resistance, and then in the green, you can see the post halving parabola when we hit those new all -time highs. Now, Rhett notes that Bitcoin may repeat its 2019 bear market cycle when it traded within a triangle pattern before breaking out and starting off the bull market, as he shares here, if Bitcoin continues to form lower highs, could Bitcoin fill the CME, which is the Chicago Mercantile Exchange gap, at $20 ,000 later this year or in early 2024? So it makes a good point. There is currently a gap sitting at that $20 ,000 psychological level. And he continues, if so, the possible path could be consolidation to the apex of the black triangle before finally breaking out to close the halving. And you can see that triangle right here in this chart. Now, looking at the chart, he seemed to suggest that Bitcoin will confirm the triangle breakout in April of 2024, followed by a rally towards his long -term target. Now, let me know your thoughts, chat. How many of you agree that Bitcoin is likely to break out to a new all -time high, entering price discovery mode in 2024, the year of the halving? Let me know. And what are some of your targets? I'd also like to point out that the Stock the Flow model and Plan B, creator of that model, he suggests a $100 to $1 million range price for the King Crypto post halving. We also have some very other bullish predictions, which I cover on a daily basis here on the channel. But I'd love to know your personal prediction. I think we reached the cycle peak personally sometime in 2025, but I think 2024, we enter that price discovery mode. But I'd love to know your thoughts and your opinions in the comments right down below. And now let's break down our next story of the day and discuss the latest from the macro guru, Raoul Pal, who is suggesting that the Bitcoin market cap and crypto market cap as a whole does something between 5 and 10x for this upcoming bull cycle. Now, you do the math. We have a crypto market cap right now. I'm going to ballpark it at a trillion. We have a Bitcoin market cap. I'm going to ballpark it at a half a trillion, which is 500 billion. So hypothetically, if we were to 10x Bitcoin in and of itself, we're talking about a 5 trillion dollar Bitcoin market cap, which would be half the current market cap of gold. Now, with the entire crypto market cap, we can potentially hit 10 trillion. Now, also note, back in November of 2021, when we hit that all time high of 69 ,000 in November of last year, the total crypto market cap was just north of that 3 trillion dollar market cap. So he's so let's break this down and shout out to Raoul Pal. Here we go. Former Goldman Sachs executive Raoul Pal says the next bull cycle can bring an explosion in the market cap of all of the digital assets. That's right. In a new interview with Altcoin Daily, the macro expert says he expects a huge increase in the adoption of digital assets, and that can cause the total market cap of crypto to skyrocket as much as 900 % from its current value during the next bull market. Quoting the analysts here, obviously, I think we'll go well through new all time highs. I think the whole ecosystem of crypto will go from 425 million users where we're at today. And I think at the end of this cycle, there'll be a billion users by that kind of use cases in which we have talked about. And let's not forget, we have got central bank digital currencies that are known as CBDCs and stable coins. There is a lot going on still. So if this entire space is going to grow 2 .5 X in the number of users, well, the market cap of the entire space is five or 10 X. Send it. Let's go. Pal also says he is closely watching development of layer two Altcoin projects for new use cases, which could boost the value of their individual market cap, quitting him again. And then let's see how people value layer twos in this. We don't really know how layer twos accrue much value. Do we have to have a massive amount of transactions in which case then you need stuff like Ticketmaster with millions and millions and millions of transactions to drive value to those chains because they batched them and batched them down to Ethereum. So there you have it. And to watch this interview, he did Raul Pal, the macro guru with Altcoin Daily entitled best cryptocurrency investing strategy into 2024. Check the show notes, blow the video in the description and let me know your thoughts on his personal prediction. Do you feel post having that the market cap for the entire crypto market can likely 10 X from the current valuation along with Bitcoin surging 10 X to roughly a five trillion market cap? And hypothetically, if the macro guru is correct, where do you think that would likely take the Bitcoin price? Well, let's run some hypothetical math. Bitcoin was the 10 X from the current price action of 27 ,000. Well, that's $270 ,000 per coin. Take that. And as we all know, Bitcoin rises like that, the entire crypto market cap would go along for the ride, including the altcoin. So please let me know in the chat, fam, which altcoins, if any, are you most bullish on in the crypto market? And what are your thoughts surrounding Raul Pal being so bullish on Solana? A few months back, I read in an interview he shared that 80 % or more of his portfolio was specifically in an altcoin called Solana. So I'd love to know your thoughts. Obviously, he has a high risk tolerance as I look at that particular cryptocurrency to be very risky, especially with all that went in with the venture capitalists and SPF and FTX exchange pumping that particular all. So I'd love to know how you feel regarding all of that. And with that being shared, fam, now let's discuss Peter Thiel and his $4 million price prediction, as well as rumor has it, and I'll be covering this as well, that he dumps most of his Bitcoin position at the top of the market practically 30 days before the crash. So let's break this down because Peter Thiel was actually one of the keynote speakers at the Miami Conference for Bitcoin. And here's what he had to share as I transcribed his speech, and then we'll discuss him reportedly making $1 .8 billion cashing out on his eight -year bet around the time he was touting these all -time high predictions. So here we go. He says, the enemy's list is a list of people who I think are stopping Bitcoin. He says there is a lot of them. They tend to have nameless, faceless bureaucratic perspectives, which of course is one of the ways they hide. He goes on to share, we are going to try to expose them and realize that this is sort of what we have to fight for Bitcoin to go up, 10x or 100x from here. Now, just FYI, to give you some perspective, at the time he made this prediction on stage at the Bitcoin Miami Conference, Bitcoin was trading at roughly $43 ,000 per coin. So you run the math. 43 ,000 times 100x is over $4 million per Bitcoin. So you know that? Let's continue with what he had to share. The central banks are going bankrupt. We are at the end of the fiat money regime. How many of you agree with that statement? I agree there 100%. The first person on the list is Berkshire Hathaway CEO, Warren Buffett. Thiel put up a picture of Buffett with two of his most famous quotes about Bitcoin. One was rat poison and the other, I don't own any and I never will. I also like to point out now since then, Warren Buffett has much indirect exposure to Bitcoin through Bitcoin mining stock companies and etc. So go figure. If you can't beat them, join them, right? And he goes on. He opined, I think the direct in it. Yeah, and I say also Charlie Munger goes along with him. Now, feel further noted that Buffett has a bias and makes him long on fiat money system and money managers who follow the Berkshire Hathaway executives advice will pretend it's complicated to invest into Bitcoin. I think we call that FUD. Fear, uncertainty and doubt. Now expect nothing less from one of the wealthiest people in the fiat money matrix Ponzi scheme. You know what I mean? So just saying. The next person on the list of Bitcoin's enemies is the one and only JP Morgan Chase CEO, Jamie Dimon, or as Max Kaiser calls him, Jamie the tapeworm. They'll put diamonds picture up with the following quote. I don't call them crypto currencies. I call them crypto tokens because currencies have rules of law behind them, central banks and tax with authorities. Now you guys already know how I feel personally about JP Morgan Chase CEO, Jamie Dimon. So I won't go any deeper there. But anyways, we know he's an enemy of Bitcoin and always has been. The next picture he put up was of the BlackRock CEO, Larry Fink, with the following quote. I see huge opportunities in a digitized crypto blockchain related currency, and that's where I think it is going to go. Now just FYI, Larry Fink is the CEO of the largest asset management firm in the entire world, which owns a large share in virtually all the companies in the S &P 500, and that is BlackRock. They currently have over $10 trillion in assets under management. And for a long time, he was spreading FUD regarding Bitcoin. But guess what? Like I mentioned earlier, if you can't beat them, join them because they just most recently, a few months ago, they submitted their application for a spot Bitcoin ETF, which ultimately means they're going to be introducing this to the institutions which have trillions upon trillions of dollars as there's currently north of $700 trillion in total addressable market, and they want their piece of the Bitcoin pie. So he goes on to share, the PayPal co -founder added that Fink's quote is somewhat representative of the whole genre of Bitcoin attacks that need further context, stating that pro -blockchain is an anti -Bitcoin term, very typically. Feel then brought up the environmental, social, and governance, ESG standards, elaborating the following, the label they have come up with, and perhaps the real enemy is ESG. I think that ESG is just a hate factory. Also like to throw out there, Elon Musk, he stopped taking Bitcoin payments for Tesla, and he says it's because of the FUD regarding this ESG, and we all know it's not more than FUD, and it's already been proven that Bitcoin is more than 50 % clean energy. So the million dollar question, when will the world's supposedly wealthiest man, Elon Musk, when will he start accepting Bitcoin payments again for Tesla? Isn't that a great question, and wouldn't you love to know the answer to that? Maybe you should ask Elon and tag him on X and see what he says. Anyways, feel stressed. You can always ask the question, what's the difference between ESG and the CCP, the Chinese Communist Party? Well, when you think ESG, you should be thinking of CCP per H. Now, he also goes on to share, it is the finance gentocracy that runs the country through whatever silly virtue signaling or hate factory to them, just like ESG, the billionaire concluded. This is what I would call and what you have to think of as a revolutionary youth movement, and we have to just go out from this conference and take over the world. So there you have it, fam. What are your thoughts surrounding Peter Thiel's prediction that we are likely to 100X, and along with his enemies list, as it seems, a lot of the enemies have come around and now have direct exposure to BTC, but it doesn't stop there because around that time he was making this $4 million Bitcoin price prediction. He allegedly dumped most of his position cashing out and with over a billion dollars in profits for his fund. So let's also break this down as this is also very relevant. How many of you were able to watch the speech he gave at that Bitcoin conference? It was epic, to say the least. I recall it now. So here we go. Check it out. Peter Thiel's venture capital firm reportedly made $1 .8 billion closing out its crypto positions around the time when he was an early Bitcoin bull, still predicting the token's price to surge by 100X. And again, from 43 ,000 price action, 100X means over 4 million. Founders Fund had cashed out almost all of its bets on digital assets by March of 2022, according to the Financial Times report that cited people familiar with the matter. But Thiel was still backing Bitcoin, obviously, when he spoke at the crypto conference in Miami the following month. He went on to share where at the end of the fiat money regime, he said, adding that the token's price could increase 100 fold from its level at the time, which was reported at $44 ,000 per coin. That prediction was proven false and as rising interest rates and failures, the high profile firms like Celsius Network, Three Arrows Capital, FTX, Terra Luna dragged the crypto sector into the prolonged bearish winter. Now Bitcoin plummeted by over 60 % in 2022 and was trading at under 17 ,000 by the end of the year. And I believe the bottom currently for the cycle is 15 ,700. How many of you feel that that bottom is in? Let me know, chat. Founders Fund first started pouring money into crypto all the way back in 2014, when Bitcoin was only trading at roughly $750 per coin. So by the time Bitcoin reached its all time high in November of 2021, it had surged 8 ,500 % from that particular level. Not too shabby for a seven year run, wouldn't you say? Now Thiel has a long track record as one of Silicon Valley's most prominent tech investors. He took early stakes in startups, which include Facebook, Elon Musk's SpaceX, and ride hailing app Lyft, and even co -founded PayPal back in 1998. Thiel is also a high profile supporter of the Republican Party and continued to voice his support for Donald Trump since the former president left office in January of 2021. The fund held around two thirds of his portfolio in Bitcoin at one time, but now not has significant exposure to crypto according to FT's sources. So there you have it. Fam, what are your thoughts surrounding his prediction and him cashing out at around that time he was making those all time high predictions of 100X? Let me know, fam. And don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
Dennis Prager Podcasts
A highlight from Believe Anything
"Well everybody, welcome to the Monday show. As usual, I hope you have a good weekend. A rare thing happened in the elevator coming up to my broadcast floor. Oh it's Tuesday. Yes, you see that the mind works logically but not accurately in this case anyway. The logic was it's my first day back at work so therefore the brain says it's a Monday. That's that's what happened. I still hope you had a good weekend. I hope you have a good day. But to this woman's credit, a middle -aged woman, she looked at me and she said perfect. A tall purple shirt. How's that? Had I been given eternity to anticipate or to predict what this woman would have come out with, eternity would not be long enough. Hi everybody. I am going to open your eyes with one fascinating insight that I picked up reading over the course of this weekend. This will help you understand a great deal. A woman aged 107 just died. She was a lifelong communist and she married a lifelong communist and they lived in China and were one of the few westerners allowed access to the higher echelons of the Chinese Communist Party. Let's be clear. Two have been in China during the Cultural Revolution and the Great Leap Forward when approximately 60 million Chinese were starved to death and otherwise murdered. In the Cultural Revolution where people were denounced and humiliated en masse and sent away to rural areas if they were an intellectual at a time when intellectuals fought for liberty and still remain a communist means you were a real sick morally sick person. So I want you to hear how sick this woman was, morally sick, named Isabel Crook. This is from the New York Times obituary. The Crooks became true believers in Chinese communism. Their faith remained unshaken. Even after David, the husband, David Crook, was charged with espionage and imprisoned between 1967 and 1973 at the height of the Cultural Revolution. Mrs. Crook insisted he was innocent but her defense backfired and she was kept under house arrest for several years. Now please understand their communist beliefs were so deep. Their support for evil was so religious in its implementation, in its genesis, in its etiology that even when her husband was but six is enough. And imprisoned in China in the late 1960s was a very very bad thing. They remained true believers. I have often said the truth is not a left -wing value. More than often I say it every day. It isn't. It's a liberal value and it's a conservative value. It's not a left -wing value. That's not its biggest problem. Its biggest problem is that it's related but it's not the same. They believe what they say. They believe that kids under 10 can decide that they are the opposite sex. They believe it. It's very hard for those of us who live in both moral and factual reality to appreciate that. But many of them, many of them don't. Many of them are just destroyers because they have nothing better to do with their bored secular affluent lives. But for many this is as communism which is indistinguishable morally from leftism. And again it's distinguishable from liberalism but not from leftism. That is a religious belief. The people who gave secrets to the atom bomb to Joseph Stalin, the second greatest mass murderer in history, Mao won Stalin too in terms of numbers. Then followed by Hitler who would have caught up but didn't have the time that Stalin and Mao had. They believe these are true believers. The people who believe America's systemically racist, they may not have in the beginning but they have convinced themselves of it that a woman can become a man. They believe this. Not all but many. The woman's husband was arrested for no reason and put away for six years in China and she continued to support the Chinese Communist Party. It's like the communists, the early Bolsheviks who were thrown into prison under Stalin's regime and then said to the people torturing them, if comrade Stalin only knew what you were doing to me. They thought comrade Stalin would object. Comrade Stalin was the reason these people were being tortured. If there is not much you can do, clearly logic is irrelevant, reason is irrelevant, morality is irrelevant. When you have engaged what Eric Hoffer, the great philosopher of the mid -20th century, who was a longshoreman by the way, I'm not sure he went to college, called the true believer. When you encounter the true believer, you have to be very afraid. If a woman is okay with her husband being sent away for six years to some awful Chinese prison, then you know you have encountered true believers. As many of you know, every year, this will be I think the 17th year, I conduct the most high holy day services known as the high holy day services in Judaism for three to four hundred people. If you're interested in attending, people fly in from all over to do so. I explain everything and it's a beautiful, beautiful service of music as well. Go to PragerHighHolidays .net for information. You can also watch it through the Salem Network. Go to PragerHighHolidays .net.
The Hugh Hewitt Show: Highly Concentrated
A highlight from Chairman Mike Gallagher (House Select Committee on China) and Virginia Governor Glenn Youngkin
"Cable news, noisy, boring, out of touch. That's why Salem News Channel is different. We keep you in the know. Streaming 24 -7 for free. Home to the greatest collection of conservative voices like Dennis Prager, Jay Sekulow, Mike Gallagher, and more. Salem News Channel is unfiltered and unapologetic. Watch anytime on any screen at snc .tv and local now channel 525. I talked with Ro Khanna yesterday, your colleague, about a lot of things, but I did not cover your Washington Post article because I wasn't aware of it at the time I talked to Ro Khanna. Do the Democrats agree with you in the Washington Post article that we ought not to be funding with American dollars Chinese aircraft carriers? Some do. I mean, I think everyone can agree upon at least that aspect of it, that American dollars should not be funding the Chinese Communist Party's military buildup. Make no mistake, they're embarked on the largest sustained peacetime military buildup since World War II, potentially ever, depending on how you defined it. We shouldn't be investing our money in Chinese aircraft carriers, fighter jets, artillery shells, advanced nuclear technology, but that's what's happening. We launched a bipartisan investigation into BlackRock and MSCI. My ranking member, Raja Krishnamoorthi, has expressed a ton of concern about American dollars funding Chinese military buildup. In many cases, this money is going to companies that have already been flagged on various government blacklists for posing national security risks. What's crazy, Hugh, is that it's not illegal, but it's suicidal. We're subsidizing our own destruction. We're allowing pension funds, university endowments to invest in Chinese companies that are building things designed to kill Americans in a future conflict. No matter where you draw the line for decoupling, let's say you just want transparency measures, as some Republicans do. You want a broader set of restrictions on American money going into China, as I do. I think what's inarguable is that money shouldn't be funding military companies and technology companies like AI companies in China that are perfecting their genocidal surveillance state. Now, the Financial Times also ran a story this morning that Goldman Sachs has been taking Chinese money, laundering it in effect. It's not criminal, but they're hiding the origin of the money, and they're buying U .S. companies. It's the opposite of what BlackRock is doing, which is sending American money to Chinese companies. They're taking Chinese money and putting it into American companies. Do you want to stop that flow as well? Well, particularly if these are national security -related companies, I saw that some of the investments were in the cyber space and in the supply chain space. It all depends on what type of control comes with the investment, but potentially, that could give them access to information or effective control over companies. That would be bad for American national security. I think it's definitely worth looking into. The bottom line is, Congress, we need to step up and legislate a fix to some of this stuff, whether it's on outbound capital flows, which the Biden administration just released an executive order that's filled with loopholes. It's a step in the right direction, but it doesn't go far enough. We need to legislate that when it comes to Chinese money being invested in American companies. We tried to fix CFIUS to get at some of that issue, but clearly, it's not up to the task. We need to legislate a fix to that. Here's the other thing, Hugh, that I find interesting when it comes to American investments in China. In addition to being morally reprehensible, the Chinese funds have been terrible investments. Over the last five years, the S &P 500 has soared to about 78%. Meanwhile, things like BlackRock's FXI ETF, which invests in these Chinese large -cap companies, it's down 30 % in that same period, even as Chinese GDP supposedly doubled. That doesn't make sense. A lot of the funds we looked at in our investigation similarly underperformed drastically. Where did the money go? Is it going into corrupt Communist Party coffers? I don't know. My only point is that beyond the national security concerns, just as an investment proposition, China looks bad. There are systemic risks to a continued investment in China that range from having your assets seized in the event they try and take over Taiwan, or just the inherent risk involved in things like variable interest entities, for which there are no shareholder protections. Part of what we're trying to do on the committee in a bipartisan fashion is to engage Wall Street in a dialogue about this. It just seems insane to me that we would continue to send our money to China, where it's being used for nefarious purposes. Well, you know, Chairman, the investment bankers make their bonuses based upon the amount of money they move through. So they have every Adam Smith -driven incentive to just blow you off. Does your panel have subpoena power, by the way? We do. I would grab Larry Fink. I would grab Jamie Dimon. Separate hearings. And I would put them down and say, let's talk about this because it's a national crisis. Let me ask you, by the way, I think if I had a bell, I would have rung it when you said Sisyphus. I believe that violates the acronym rule, does it not? Oh, you got me, Hugh. Committee on Foreign Investment in the United States. I apologize. $10 to Food for the Poor, because that's it. It's $10 tip jar for Food for the Poor. When you use an acronym. I want to talk to you about increased applying unilaterally. I did because you're a repeat offender. Like, you know, that on the sentencing guidelines, people who do the same thing over and over again, they get fined more. Princeton people are particularly prone to this. And then when you pick up a Ph .D. from Georgetown, you really become. And then you go to Marine. Did you ever go to the command general staff college or the war college or anything like that? No, I got out as a captain before I had to do all that before my brain was corrupted. Well, they have many acronyms there. I'm listening to a bio of Eisenhower and I can't keep up. Let me ask you something, Chairman. Ro Khanna was on and we were talking about artificial intelligence. And he said they're sitting down with the speaker about what to do. I have no preconceived opinions, but I do think they might want to just add the Select Committee on Engagement with the Chinese Communist Party, and artificial intelligence regulation, because you've got a smart group of people. It's working. Would you be opposed to that if the speaker and the minority leader wanted to expand the jurisdiction of the committee to look at what we do about A .I.? Not at all. And we've actually, in our early investigation, had numerous conversations about A .I. and I would expect those to be part of future policy reports. We release, I would note Ro Khanna is my ranking member on the innovation subcommittee on armed services. And we see eye on a lot of things related to military innovation going forward and have a very good working relationship. And he's willing and I think him going on your show is a testament to this. One thing I really respect about Ro is he's willing to mix it up. Obviously, he's very progressive. We disagree on a lot of issues. I'm right. He's wrong. But I respect his intellect and his willingness to mix it up. Three quick ideas here on A .I. for small steps we can take in this Congress as we consider sort of the broader long -term implications. Well, related to what we were just talking about, American venture capitalists, American money in general shouldn't be allowed to invest in Chinese A .I. companies like Baidu. It just makes absolutely no sense. Again, we're subsidizing our own destruction. Two, when it comes to autonomous vehicle technology, which is going to be one of the most widespread deployments of A .I. in a way that really affects the American people over the next 10 years, right now of the 10 -ish companies that are allowed to test in America, at least three I believe are Chinese, but our companies are not allowed to test in China or expand really at all in China. And as a matter of reciprocity, that's wrong. We shouldn't allow Chinese A .V. companies here in America. And then finally, the ethical guidelines that the Pentagon has for the use of A .I. are a decent start. They're pretty good. I actually think we could build off those, expand those across the federal government with the goal of not innovation suppressing on A .I. or slowing down our efforts in this area, but also ensuring there are guardrails so that we don't have uncontrolled A .I. that does things that Americans are concerned about. And then you start to build out the concentric circle so we're on the same page with our allies. Start with our closest allies, the Brits and the Aussies, and then expand from there, and particularly focus on countries that have a unique technological capability in A .I. If we do that, if we get sort of the overall ethical framework right, I actually think we can turbocharge innovation in this space and make sure that we win the A .I. race and the CCP does not win the A .I. race. Well, it is a national security issue, but I've got three suggestions for you and your colleagues. First of all, a stand down order to every regulatory agency out there, the FTC and everybody else. They have no idea what they're doing. They just don't. A .I. is new. It's not meant for old regulatory structures like the Interstate Commerce Commission trying to regulate airplanes. Doesn't work. Number two, you've got to change the pay scale for technologists. Now, they used to have a special pay scale out at China Lake for the rocket scientists that we needed at China Lake and other advanced weaponry systems. We need a technologist pay scale that is just way better than we've got. We're going to lose every technologist that DARPA has. And then number three, and this is what I want to ask you about, we need visibility. I mean, walk in rights to every room in Silicon Valley and every A .I. company in the United States. By walk in rights, I mean, if a guy from DARPA shows up and they knock on the door at Metta and he says, show me to your A .I. lab, they don't get to lock the door. These are like nuclear science. We can't let this stuff be developed in private. Do you agree with me? I agree with that. I guess the flip side of that, though, Hugh, is enough research security such that, you know, an MSS operative, a Ministry of State Security think KGB in China couldn't just walk in to the same facility or United Front operative. And honestly, your reference to China Lake, I think, is a great instructive example here, because when it comes to the things we put in our weapons systems, we have a very old suite of things called energetics, which make our weapons go and go boom. We develop more advanced energetics at China Lake. It's called CL20. It stands for China Lake 20. The Chinese stole that technology. That's what they put in their weapons systems. And that's why their their rockets go farther than us and have greater destructive impact. So that's a lesson in how not to do things. And we remain too risk averse to use things like CL20, even though it's now old technology. It was developed in the 80s. So a lot of examples that we can use from there in order to apply to the A .I. competition today. I'm going to geek out. The Office of Personnel Management, AKA OPM, so I don't get fined. OPM had a separate schedule for scientists at China Lake that was policed by the deputy director I replaced, the deputy director at OPM. He was a scientist who had worked there. And he said, you know, no one's going to work for us unless we pay them. It was like double the highest number. Rowe said yesterday we got to pay him like we pay our doctors. No, no, no. We're not going to. This is the most lucrative field in the world. You got to give him a piece of the intellectual property. I mean, you really have to come to grips with the fact that technologists make the dollars. And I don't know that the American people really understand the difference between what the private sector pays a level one technologist and what the government will. We're going to lose everybody.
The Dan Bongino Show
Dan Bongino: Joe Biden Is a LARPer
"The Dan Bongino Show. You know I'm not really hip to like the lingo and stuff. The kids. Nothing bothers me more than when guys in their 40s 50s and 60s are you know in their eagerness to be young again. Brace your age man. Rock and roll with it. You know work out. Stay frosty. Eat good. You know there's nothing wrong with looking 40 or even 50 with some salt and pepper in your in your beard and you know a couple of you know wrinkles on your face. You've earned over time. They're not wrong with a little bit of leathery skin. You know that's a good thing. So nothing bothers me more when you know we're getting older and people use like that they try to be a gift use like the hip language your kids like it's not my thing I so usually screw it up. So it takes me a while to learn all this. They all talk in code now. I didn't even know what IRL meant. I went on Tim Poole's show and it's like Tim cast IRL. Had to ask Guy, my producer, he's like it means in real life. I'm like oh yeah why would I know that out of my guy and I'm not into like the whole like TikTok scene or whatever. So I found out what LARPing was live -action roleplay like people who pretend to be something else and I used it the in podcast when he had shocking they actually got it right when a few times I ever attempted this and got it right and I thought of Joe Biden like the guy's a LARPer. That's what he does. He LARPs is like a civil rights activist. He LARPs is a guy. compassionate He LARPs is a non -corrupt like stable influence in the White House. He LARPs is a good dad. I'm a good dad. Really you put your like crack -addicted son in front of the Chinese Communist Party to negotiate million -dollar deals you profited from too and sound like a good dad to me. Well it's interesting how he LARPs and use actual aliases too and it always involved Peters which is kind of weird which is of kind like really strange considering
Thinking Crypto News & Interviews
A highlight from FIRST CRYPTO FRIENDLY REPUBLICAN DEBATE! BINANCE US FIAT ON RAMP, STELLAR LUMENS XLM, & COREUM
"Welcome back to the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google, please leave a five star rating and review. It supports the podcast and it doesn't cost you anything. Well, folks, I want to give you an update on the Grayscale versus SEC lawsuit. There was supposed to be a decision today, but unfortunately there was no decision. This is according to the Grayscale chief legal officer. Everyone is waiting in anticipation. What is the ruling on this? We're hoping Grayscale mops the floor with Gary Gensler and the SEC and gives the SEC another major loss. We're also hoping that Coinbase, they can get their lawsuit dismissed or at least beat the SEC in court as well. We've seen the court has been the balance of power where the SEC corruption and nonsense and illegal activity or unlawful activity has been getting exposed. Judge Sarah Netburn in the Ripple lawsuit said the SEC lacked faithful allegiance to the law and how many CEOs and folks in the industry have said the SEC is acting shady. They asked you to come in and it seems like they're doing and working with you in good faith, but they're looking to stab you in the back. So I'm hoping Grayscale wins this. I'm not the biggest Grayscale fan, but with regards to this situation, they filed for a Bitcoin spot ETF in addition to about 20 other people. And they've been trying to get an ETF for a very long time, but the SEC has denied these ETFs. And I think that's because they want their wall street buddies like BlackRock, specifically Gary Gensler's buddies like BlackRock and all these folks to come in and take over the market, to have them have the ETFs. How dare these crypto startups try to supplant these tradfi incumbents, right folks? That's the game that's been going on and we need the SEC and Gary Gensler to take more losses. I'm not saying the SEC doesn't have a job to do. Of course they do, but they have fallen far from that core mission to protect investors, to look out for bad actors. Instead, they're going after good actors in a very politically themed move, right? We see Gary Gensler, he has made the SEC very much about politics. We know he's Democrat appointed and it's unbelievable that he's doing that. He's not doing his job and he should be fired and kicked out. So this is why we need Grayscale to get a victory, we need Coinbase to get a victory. And obviously we had a big victory with the Ripple lawsuit where XRP was declared intrinsically not a security and secondary market sales, not securities offerings. That was a huge win, not just for XRP, but for the entire crypto market. So let's see if we hear anything by Friday or next week, but I'm hoping this comes soon folks, because Congress is going to be back in a couple of weeks where they're going to reconvene and try to push them crypto regulation bills through. And if the SEC is taking more losses, they're going to want to take action. So I think you need that catalyst. It seems that's the catalyst, because we started seeing a ramp up in efforts from Congress as soon as Ripple's ruling came through and it was positive for XRP and Ripple. The SEC took a big loss there. Trust me when I tell you, even though it was like a split decision for the most part, Ripple took the biggest share of the pie from a victory standpoint. So let's see what happens folks. Now everyone I think pretty much knows tomorrow is the first Republican presidential debate to feature pro -crypto candidates. You have Florida governor Ron DeSantis and businessman Vivek Ramaswamy, who are both pro -crypto. They've specifically Ron DeSantis has talked about CBDCs and the need for regulations. So I'm not here to endorse either of these candidates. I'm just stating the facts. We are entering a new era where crypto adoption is growing and even our political candidates and politicians can't ignore crypto anymore. And on the Democrat side, you have RFK Jr. who's very much into Bitcoin and also it's calling for crypto regulations. So this is very bullish folks. And this is why I'm sharing with you that you are aware that crypto is seeping into the mainstream, into politics, into pop culture, right? It is a growing asset class in technology and folks, this is part of the adoption. People understanding what's happening here, talking about it in different circles and different walks of life. And if you understand adoption of technology and new things, you go back and you look at the internet, this is part of it, right? In order for more people to come in and to adopt the technology, invest in it and do much more, they need to start hearing about it and seeing it, right? There's marketing principles here that many times people need to see things two to three times or hear about it two to three times before they're interested or they make a decision to purchase and so forth. So don't take this news lightly. It is certainly very important. So candidates for the Republican nomination for the 2024 United States presidential election who have publicly expressed their support or disdain for certain crypto related policies will be meeting for a debate for the first time. The August 23rd event will be the first time many of the Republican candidates will be in the same room amid a political campaign that has seen them targeting their rivals, though it's unclear if cryptocurrencies and blockchain will be mentioned at the debate. Some of the candidates have explicitly mentioned plans to include the technology and policies should they win the party nomination on and the presidential election. Florida governor Ron DeSantis is trailing by double digits to Trump, according to several polls will be leading. It will be the leading candidate among the eight contenders in July. The Florida governor promised to ban central bank digital currencies in the US should he be elected president, citing concerns about giving the government authority over consumer payments. He previously signed a bill aimed at largely prohibiting the use of a federally issued digital dollar in Florida. Rama Swamy, who at 38 years old is the youngest candidate in the running, has advocated for the 2024 election to be a referendum on fiat currency. He spoke at the Bitcoin 2023 conference in Miami to announce his campaign would be accepting Bitcoin donations later receiving praise from ex CEO Elon Musk as a promising candidate. Now Miami mayor Francis Suarez, and many of you may recall my interview with him back in 2020, who gained popularity in a space for promoting pro -crypto policies in the city entered the presidential race in June. During this time as mayor, he announced he would accept certain paychecks in Bitcoin and was involved in the Miami coin token project for Miami residents. Suarez said in a now deleted post on X, formerly Twitter, on August 18 he had qualified to appear at the Republican debate. However, this claim was contradicted by GOP officials on August 21st following an announcement regarding the debate participation list, which included eight names with Suarez not among them. So Suarez didn't make it. We know he's super pro -crypto. I had interviewed him and they were looking to potentially put Bitcoin on a balance sheet in Miami as well. So folks, once again, this is not to endorse any specific candidate or party, but rather just step back, put aside politics for a second and just look at what's happening in the landscape of adoption of crypto. And part of it, like I said, is the recognition in mainstream and politics and much more. And you know, the folks who are running for president, who are going to take policies or help create policies around crypto and turn it into law. So this is significant. And I'm so bullish when I see things like this. Once again, I got in in 2016 and I couldn't imagine this happening. You have pro -crypto candidates and we'll see if it becomes a topic. It will be very interesting if it comes up, folks, giving crypto prime time coverage in the mainstream media. Now let's move ahead. Really interesting news around Binance US. So Binance US renews banking push with MoonPay deal. Binance US is pushing into fiat support again via a MoonPay partnership. Now, many of you may recall they turned off fiat on and off services with Binance US, you know, getting sued, of course. But it looks like they're like, OK, whatever the dust is settled, we're going to try to get fiat on and off RAMs again. So Binance US has been working on integrating new US dollar on RAM solutions, such as partnering with third party payment provider MoonPay. The company told customers in an email on Monday, which was reviewed by BlockWorks. It wasn't immediately clear what crypto currencies would be supported for buying and selling in dollars via the MoonPay partnership. One indicator pointed to Tether's USDT as being the sole supported asset at launch. Representatives for Binance US and MoonPay did not immediately return a request for comment. MoonPay supports debit and credit cards, as well as ACH transfers. The exchange before the US SEC's lawsuit earlier this year previously supported buying most crypto assets via dollar deposits and in turn selling those currency, crypto currencies in a dollar conversion, which would then be withdrawn by customers of Binance's platform. An update listed for Binance US's app on the App Store or Apple App Store at the end of last week said users could now buy and sell USDT with USD in app via MoonPay. So folks will see, you know, I'm still hesitant here with Binance US, not because I don't trust CZ or whatever, but rather I think Binance is in the targets of a lot of regulators. You know, there is a macro political play here that, you know, Binance is often associated with China as a Chinese company. So from the folks I've been talking about who do a lot of advocacy and lobbying in DC, they said a lot of people don't like Binance. So I wouldn't be surprised if the regulators come down really hard on Binance US. I don't think they can really do anything to hurt Binance .com, but Binance US being a US company, it's an easy target, right? So I would probably avoid Binance US. I was using Binance US before, I'm not using them right now. Once again, it's not because I hate Binance or I have a problem with CZ or something like that, but rather something is cooking up here with the regulators. Now, a great exchange that I do use and I trust and I've been using them since 2018 is Uphold and they're a sponsor of the podcast. And once again, I'm a user of the platform, so I'm not promoting something I don't use. I've been using it for years. That's why I selected them as a sponsor. They have 10 plus million users, 250 plus cryptocurrencies, and they're available in 150 countries. I recently interviewed the CEO of Uphold and they offer precious metals as well and equities so you can trade both. And yeah, if you'd like to learn more about Uphold, please visit the link in the description. All right, let's move ahead. Chinese government officials sentenced to life in prison for operating Bitcoin mining enterprise. Now, the headline here is a bit misleading because it wasn't just that that he went to jail for, but he was doing a whole bunch of other things. So, you know, it's not just crypto, but just corruption in general. So a court in China has handed a life sentence. Wow. Life sentence to Yi Zhao, a former member of the Chinese Communist Party for corruption charges, including facilitating crypto mining operation. Zhao was vice president of the Xianzi provincial committee of the People's Political Consultive Conference. Wow. Try to say that five times fast. The court also found Zhao guilty of power abuse. He has been convicted of accepting more than 125 million yuan, which is about 17 .1 million dollars in bribes between 2008 and 2021. So this guy had a lot of stuff going on, but he was trying to help. He helped companies that were engaging in crypto mining. And this was during the period where China had banned crypto. We know they unbanned it, of course. So and they're doing obviously China did a 180 on crypto. Hong Kong is all in. China's trying to create a Silicon Valley for crypto. I think in Shanghai, if I'm not mistaken, they had released a, you know, Web3 white paper all about this. But interesting news here. And we got some more news of someone else going to jail. So former OpenSea, which is the NFT marketplace manager, Nate Chastain, has been sentenced to three months in prison and a 50K fine for charges related to NFT insider trading. So it looks like he was doing some some sort of insider trading. But, you know, obviously this is not anything crazy. Three months in prison, a 50K. I think he got off easy there. You know, I don't have all the details into how much money and all that, but just said FYI, he's the former OpenSea manager. Now, we got some interesting news around Stellar Lumens, the Stellar blockchain. And recently I interviewed Tomer Weller, who is a VP of product at Stellar. If you haven't seen that interview, be sure to check it out, folks. It's a good one. And Stellar is looking to launch smart contract technology on a blockchain. So Stellar joins Bytecode Alliance to help develop EVM alternative WASM. Stellar joined the industry group developing WASM, an alternative computation engine for running smart contracts. WASM is a competitor to the Ethereum virtual machine, also known as EVM, used by the Ethereum ecosystem. It is also used in non -blockchain browser -based applications. EVM is a virtual machine or computation engine used to execute smart contracts. It is used by most blockchain networks, including Ethereum, BNB, Smart Chain, Avalanche, and many others. But a few networks use WASM instead, including Polkadot, Multiverse X, formerly Elron, and Internet Computer. Stellar began as a payments network in 2014, but in 2022, it implemented smart contracts to provide more functionality to the network. In April 2022, Stellar developers chose WASM as their computation engine. They argued that despite the popularity of EVM, it's stored and execution models are expensive and challenging to paralyze, which gets in the way of scalability, making transactions more expensive. I love this, folks. I think more competition in the market is healthy, that is beneficial to innovators, builders, investors, and much more. We need a lot of competitors, and we need not just Ethereum having the monopoly on smart contract tech and EVM and so forth. So this is really great. I like that they're doing this. Stellar also argued that WASM was perfect for extremely adversarial environments like as it was originally developed for browser applications. This was another reason the team chose WASM over EVM. So interesting news here from Stellar. I do hold some Stellar Lumens, XLM, in my portfolio. Not a lot, but I do have it in there because we've often seen that XLM moves with XRP when there's price movements. But I'm still on the fence a little bit about XLM. Once again, I have some of my portfolio. I'm diversified, but I'm not actively accumulating it to be fully transparent. Now let's move ahead. Comanu becomes latest crypto firm to gain full license in Dubai. The crypto custodian is set to offer institutional staking and collateral management in the region via its Comanu Connect platform. Smart move on their part. They serve institutional investors, and they're going to an area where there's a lot of institutional investors, a lot of wealth, a lot of sovereign wealth funds. So we are seeing, folks, across the globe, the setting up of the infrastructure, on and off -ramps, custodians, and much more. And a lot of it's catered to not just retail, but just institutional investors, to a lot of family offices, investment firms, hedge funds, and much more. So very, very bullish news. The crypto custodian is among the first to receive a full virtual asset price provider, VASP in short, in a region that various companies in the segment have sought to set up outposts. Crypto firms interest in Dubai accelerated after the Emirates established Vara in March 2022. Vara has created a robust regulatory framework, allowing firms like ourselves to innovate whilst operating safely and exploring the future potential of digital assets, which includes tokenization and DeFi services. Khomeini's strategy lead, Sebastian Wittenman, told Blockworks in an email. Folks, do you see what's happening, right? Building and expansion merges acquisitions. This is what you want to see in this growing asset class, that this is continuing. People are bullish. They're expanding services globally. And this, despite the headwinds we're facing here in the United States with scumbag regulator Gary Gensler, and the lack of crypto regulations, the rest of the world is moving ahead. And when you have a huge market, once again, a lot of wealthy folks, we know Dubai is, I mean, come on, the wealth, the building, the expansion that's been happening there is incredible. There's a lot of capital there. So building this on and off rams for institutional players, that's very bullish for the future adoption of crypto and the prices, of course. Now, finally, I want to give some update around Quorium, which is, of course, a partner of the channel. And here it looks like BitPanda, the crypto exchange is going to be listing Quorium. They said, yes, Quorium, our newest BitPanda spotlight countdown is live. Subscribe to get some free Quorium so you can subscribe and get some free Quorium guys. The listing date will be August 28th. They said here, Quorium is a third generation layer one enterprise blockchain built to serve as the core infrastructure of future blockchain applications made to be an interoperable modular and fast ecosystem that lets businesses of any size launch DeFi applications and protocols in the metaverse gaming and banking remittances area. So they said here, please note that the ticker for Quorium on BitPanda will be Quorium as core corresponds already to core DAO. Are you best VIP already? If you are, you will receive some giveaway tokens. So, folks, go check it out. You can probably get some free tokens there. But, you know, if you want to check out Quorium on your own, you can visit their Twitter profile and also check out their website. But that's the news, folks. Thank you for watching, listening. Appreciate your support. Please hit the thumbs up button. Leave a comment on YouTube. Please hit the five star rating and leave a review on the podcast networks. Check out the merchandise store already. Thank you all and I'll talk to you all later.
The Hugh Hewitt Show: Highly Concentrated
A highlight from Chairman Gallagher on What Bret Baier and Martha MacCallum Should Ask the GOP Candidates About Xi and CCP
"We're proud to announce our brand new ACLJ Life and Liberty Drive. Our legal teams will be focusing on the issues that you, our ACLJ members, have told us matter the most to you, life and religious liberty. Join the ACLJ in the fight to keep America free. Welcome to today's podcast, sponsored by Hillsdale College, all things Hillsdale, Hillsdale dot edu. I encourage you to take advantage of the many free online courses there. And of course, a listen to the Hillsdale dialogues, all of them at Q for Hillsdale dot com or just Google Apple, iTunes and Hillsdale. Morning Glory America Bonjour. Hi, Canada. I'm Hugh Hewitt. Tomorrow night, eight Republicans will meet on the stage in Milwaukee for a debate. I am certain that China will come up the Chinese Communist Party, but I'm not sure how. Brett Baer, of course, coming up later in the program. Martha McCollum, two superb professionals, the equal of anyone else in our business, will be asking the question. But I thought I would talk it through with the chairman of the House Select Committee on Engagement with the Chinese Communist Party. Mike Gallagher, congressman. Good morning. Great to have you. Thank you for joining me. It is great to be with you, Hugh. We're going to come back around to this kind of war, which I finished last night on the recommendation of you. It is a remarkable book. And I had no idea how awful the chai comms were to our American prisoners. I just I didn't know. Did you know that before? Did the Marines teach you that when you were in the Marines? No, there's there's two things that I think, well, a lot of actually our modern thinking about how to prepare people for when they get captured. Think survival of Asian resistance and escape school, which I attended when I was in the Marine Corps actually comes out of the experience of the Korean War, particularly some politically sensitive moments when a few American captives refused actually to go home. There was, of course, this controversy during that time period post Korean War in the 50s about this idea of brainwashing. This is prominently expressed in the fictional book The Manchurian Candidate, which became a major American movie. But a lot of our thinking about how to better prepare pilots in particular because they get shot down for resisting in captivity actually comes out of that period. Well, a couple of takeaways I'll never forget. There are no Turks died in the camps. The Turks are the toughest people in the world, and none of them died in the Chinese Communist Party camps. And the Americans didn't eat everything they could eat because they didn't like it and they died of starvation. But the fact that the Chinese communists treated our men that way is a tell because they've reverted to this mode. They were the hardcore Maoist, Leninist mode in 1950 through 1953, and they've reverted. And that's what I want to talk to you about. I want to ask you at length. We got a lot of time this morning and thank you for the time. If you were advising Brett and Martha based upon your six months, what would you tell them are the major takeaways that you've learned as the chairman of the Select Committee? And how would you suggest they be turned into a question? Take your time, because that's a big that's a big question. What have you learned thus far in six months? And how would you convert that into questions for our candidates? Well, I think the overall thing to realize for these candidates and this advice is worth what they're paying me for it is that there is, in my opinion, something called the commander in chief test. It's not you know, you're not graded A through F. I think it's a pass fail endeavor, but it is absolutely critical. Put differently, I'm not myopic enough to believe that foreign policy or a particular issue of foreign policy is going to win the candidate candidate the election, but it could very well lose them the election. The final thing to say about the assumptions going into this when it comes to foreign policy is that the conventional wisdom is that it doesn't really matter from a political electoral perspective. And there's a lot of social science to support that. I just would say it doesn't matter until it does. It doesn't matter until things go haywire on the world stage and suddenly voters are looking to a prospective commander in chief to communicate, if nothing else, a sense of safety that I have the temperament and the plan to keep America safe in a very dangerous world, which leads, I think, to the answer your question more than anything else. I think these candidates need to communicate that they have a clear understanding of the threat we face in the Chinese Communist Party, the scale and scope of this threat. Why this isn't just a matter of some obscure territorial disputes in the South China Sea. This is indeed a global competition. The CCP has global ambitions. What happens in Xinjiang, what happens in Beijing is not going to stay there. They are intent on exporting their model of total techno totalitarian control, which leads to the second point that you need to find a way to contrast that threat to enduring the and inherently superior American values. And I do believe that this is a contest between two fundamentally incompatible systems of government. And it's unlike anything we've seen since, of course, the old Cold War. So communicating the stakes, communicating who we're dealing with in the nature of a Marxist Leninist regime that will stop at nothing to ensure that they survive at the expense of their own people. And that is the enemy of freedom around the world is the most important thing. In fact, I would say even more important than any particular policy position is just communicating that understanding of the threat and the prioritization of the threat, a recognition that as president, the most important issue that you will be dealing with as commander in chief is how to deter a war with the CCP in the short term and win a new Cold War with the CCP over the long term. So let's put that in the form of a question for Brett and Martha, because I think you're right, I am looking at, of course, I've always looked at every one of these debates as an audition to be commander in chief. Eventually, there comes a choice with the Democrat. But right now, when I vote in the Virginia primary, I will vote based on who will be the best commander in chief. And because that's what matter. 9 -11 matters. What is the W do on 9 -11 that matters? What does W do? The Afghanistan and Iraq. What does anyone do on any moment of crisis? What do they do in the situation room? Figuring out how to elicit that about China is a difficult thing. So you've been doing nothing but this for six months. And by the way, recap for our audience and Pittsburgh Steeler fans what you have been doing for six months, because they may never have heard of the select committee. This might be the first day they're listening to the audience. No acronyms or five dollars in the tip jar for food for the poor. Well, the speaker of the House created the select committee on the CCP to do two things. One is to communicate why this matters, why anybody in northeast Wisconsin or Pittsburgh or Ohio should care about the threat posed by the CCP, to shine a light on all the things that they're doing, whether it's threatening to invade Taiwan, whether it's establishing illegal police stations on American soil, whether it's infiltrating American universities or attempting to build spy bases in our near abroad, to explain why it matters and why your average American should care about it. The second thing is to identify policies and pieces of legislation that can pass even in divided government. In the 118th Congress, what is the center of gravity in terms of steps that we can take in order to put ourselves on a better position to beat the CCP in this short and long term competition? So that's what we've been doing. We've broken it down, essentially, as though this isn't a perfect organization into three main lines of effort. And I do think this reflects our overall lines of effort, our grand strategy against China basically has three main components. One is military competition. What are the things we need to do to deter a war over Taiwan in the near term, as well as ensure that we maintain our dominant military position over the long term? The second is what I call economic statecraft. How do we selectively decouple from China so they don't have a coercive leverage over us so they can't threaten, for example, to cut off the export of advanced pharmaceutical ingredients in order to bring us to our knees? And then the third line of effort is what I call ideological warfare or ideological competition, which is not only how do we rediscover a language for talking about American values and incorporate values and human rights back into American grand strategy, but also how do we better defend our institutions from Chinese Communist Party subversion, from something called United Front Work, from traditional espionage, things like that. So we aren't corrupted and divided from within, which is what the Chinese Communist Party is trying to do. Wang Huning, who's Xi Jinping's top lieutenant in the 90s, wrote a book called America Against America, in which he talks about Americans as greedy, factional. And that that title, America against America, I think reflects their overall strategy, which is to divide Americans against Americans and thereby make it impossible for us to compete. So we've been developing policy recommendations along each of those lines. We've put out two reports, one on military competition, one related to human rights. And we're going to be putting out further reports. So, you know, I think those are useful starting points for for candidates who want to prepare for a debate in terms of where's Congress at on this issue? Where's the bipartisan center of gravity? Where can you potentially build on some of our work? But that's what we've been doing for six months. It's trying to understand and explain the threat and then identify policy solutions that help us to combat that threat. How would you put that in the form of a question by Brett or Martha? Well, there's the overall prioritization question, you know, what is the biggest threat to American national security, which is a bit boring, but no, it's not that's not boring. That that is that is the question, isn't it? Shouldn't that just be asked? What is the number one threat to American national security and why? Shouldn't that be it? Yeah, I think that that's table stakes, right? That's a good diagnostic question. And then it also allows the candidates, if they want to use their full time and I forget how much time they get to really articulate the key distinction between them and the Biden administration, because if you read the Biden administration's national security strategy that they talk about China as a pacing threat, although I'm hearing now that the Pentagon is saying don't say pacing threat, say pacing challenge or competitor, because we obviously don't want to provoke the CCP for whatever reason. I've described this as kind of like a Voldemort phenomenon. There's this belief that the more more we say things like New Cold War or say that the CCP is doing bad things, that it will somehow become more true, which I think is absurd. I'll be right back. Sherman Gallagher is going to stay with me through the break and then we're going to bring him back and then we're going to do that again. And we're going to talk to him for 15 minutes this morning about this. I can't believe I'm doing that. 15 minutes with Mike Gallagher coming right at you, America. Stay tuned. I'm back now with Chairman Mike Gallagher. This is the segment between the radio segments, so you don't get to hear this unless you're watching it on YouTube or on the on the television station. Chairman, in terms of what level should we expect of our candidates knowledge? I see your Green Bay Packers thing yet. Do you know the Browns cleared 38 million in cap yesterday by restructuring Joel Bentonio and Miles Garrett's contract? We have no we have the most cap space in the NFL. We are the team to beat. We will see you. I actually I don't think you're making it to the Super Bowl this year. We are going to be in the Super Bowl this year and you are not ready for this. I'm glad this isn't on the air because this is a serious conversation. But you had to do that little thing. And I'll I'll just go get my brown sweater and just put it on during this segment like that. I'm going to wear this all the time now on the air because we're going to the Super Bowl. Chairman, do you know that we cleared Miles Garrett contract yesterday? You know what we do? Do you follow sports at all or do you just do ChaiCom stuff? I don't follow Brown's contract minutia. I'll confess. I'll confess that, though. I was I was yesterday. Someone said that I had the potential to coach for the Browns after I helped them with a constituent case issue, to which I said I would never coach for the Browns on an Intel. All right. Let me get serious again. I'm going to try to go off the off the rail. We'll get back on the rails. How many times have you guys held public hearings? Oh, gosh, I think 10 at this point, approximately 10. You had at least one set of war games. You have more war games coming. We do. We have we have at least one more coming up that's going to be more focused on economic and supply chain issues. OK. Do you think the candidates know anything about that? I really do want to try and use today to focus their attention on China. Do you think they know anything about what the select committee has been doing? Have you been approached by any of them? I think some do. It's part of the reason I wrote an op ed on this that appeared today in The Wall Street Journal just came out was an effort, maybe shamelessly, to draw attention to some of the things we're doing, because I think it creates some unique opportunities. I mean, to me, you know, the most and this reflects my bias in thinking that hard power is the most important variable on the world stage. I think a candidate who can articulate what we need to do to rebuild the military in general, but really the Navy in particular, which is, as you know, Hugh is really struggling right now. It needs to be our priority force in our priority theater. It's not. We're going backwards. There's questions about focus, warfighting prowess. You know, I wrote a report with the help of Admiral Montgomery about the lack of warfighting focus in the surface Navy with Tom Cotton, Dan Crenshaw and others. I mean, I think that's a massive opportunity for a candidate really to take the ball on defense and go a few layers deep beyond just peace through strength, military good, China bad. You go a few layers deep on that and sort of communicate that you have a coherent plan. Doesn't need to be super detailed. Doesn't need to be a 50 page white paper about everything we need to do. But just as an overall strategy for fiction, I'm going to get your comms team in trouble again. I haven't seen this plan that you and Cotton worked on. How can I not have seen this plan? Well, this is a year ago. You got to blame Cotton's comms team for this because he was OK. And usually it's good to blame Tom Cotton. He's on next hour. I'll do that. Is that widely available? Yeah, it's Cotton did it with four of us in the house. It was over a year, a year and a half ago, kind of in response to all of these ship collisions. Some of the reports that we were getting from active duty sailors and just the changes over the years to training in the surface Navy. We did a deep dive drawing on the expertise of Admiral Montgomery and others. I will give him about that in the next hour and I'll get a link and I'll make sure it's posted out to the candidates. Don't go anywhere. I'm coming right back with Chairman Gallagher. Welcome back, America. I'm Hugh Hewitt, Chairman Mike Gallagher of the House Select Committee on Engagement, the Chinese Communist Party returns. We talked during the break and we got off course because we did a little football trash talk. But now we're back on course. Chairman Gallagher, have you read this book? You had Kabul, the untold story of Biden's fiasco and the warriors who fought to the end. It it made me furious. It absolutely made me furious. Have you had a chance to read it yet? No, but my friend Commander Salamander, who's great in his podcast, Midrats, I highly recommend, just did a podcast with with the authors. So I listened to it. It's not the same, but I am now looking forward to reading the actual hard copy. Well, the end of the book, which I don't know of Commander Salamander got to because I didn't get to it and I talked to him for a long time. It's about how the chai comms came in as soon as we left. They have designs on Bagram. They know what the air raids mean. They know what the strategic minerals mean. It's just a great example of what happens when we retreat in the world. In fact, in the in the this kind of war book you had me read, I wrote down some notes. A retreat once started as the most difficult of all human actions to reverse. And they were talking about the retreat of the Norcs at that point. And then we would retreat later when they counterattack with the chai comms. But we retreated from Afghanistan and they have come in. Have you focused yet on what they're doing there? It hasn't been, admittedly, a subject of a hearing. You know, we have experts, you know, regional experts and Afghanistan experts. I think the key thing to bring it back to the the presidential debate, obviously the obvious thing to do is to connect the surrender to terrorists in Afghanistan, our abandonment of our position, our abandonment of billions of dollars worth of military equipment to then the collapse of deterrence in Ukraine and Eastern Europe, because I do believe that our feckless position in Afghanistan sent a clear signal of weakness to Vladimir Putin. And no wonder Vladimir Putin ignored all of our warnings leading up to the invasion on February 24th because we look so weak on the world stage and we allowed terrorists to completely take over the country. And I think also that has had a negative impact on our deterrent posture in in the Indo -Pacific, across the Taiwan Strait. You mentioned critical minerals. I also think this is a huge opportunity for presidential candidates to articulate a plausible path towards reducing our dependency on China for critical mineral processing. They control 90 percent of the processing. Right now, I think our attempts to wean ourselves off of our to to establish some form of semiconductor manufacturing independence are not going to be successful, in part because the Biden administration has placed so many onerous regulations on grants for chips, fabrication facilities. But if a Republican candidate, particularly one with a business background or with a gubernatorial background, came in and said, here's our strategy when it comes to advanced pharmaceutical ingredients, critical minerals and rare earth processing, tie that to a robust domestic economic agenda. That's a massive opportunity for someone trying to pass the commander in chief test, because the reality is we are going to have to reclaim our economic independence from China in key areas. The progressives are experimenting with one way to do it. We need to identify a way that is fundamentally free market, but not but nonetheless achieves the actual goal of reducing our dependency on China. Chairman Gallagher, there's only one veteran on the stage, Ron DeSantis. Mike Pence has got a son and a son in law on active duty. Of course, Nikki Haley's husband is deployed. Those three know about this in terms of of why is China a threat? Is it a fair question to ask? Why is China a threat? What is it that worries you about China? Is that a fair question? If so, how would you answer that or suggest they answer that if you are one of the people on the stage? Well, first of all, I do think DeSantis has been really good on China and probably the best in the field. I was watching the forum that they did in Iowa. I forget what it's called, the Iowa Faith and Family Forum. And he proactively brought up China as an issue and talked about what he's done in Florida to combat the threat, talked about the threat in global terms. And so the most of the discussion focused on Ukraine. And I understand that that's more of a politically divisive issue on the stage. And so there is a you know, I think the moderators will want to identify the differences between the candidate thus far. Governor DeSantis has been talking in clear and unapologetic language about why the CCP is a threat and what he would do to combat it, which is greatly appreciated. More to your point, as a Navy veteran, I think he has a huge opportunity to be the Navy guy, be the guy who's going to rebuild the Navy and put it in a position where it can it can deter Xi Jinping from attempting to achieve his lifelong ambition was to take Taiwan by force. So to answer your question, Vivek just told me last week, we'll give them Taiwan after we achieve semiconductor independence. In other words, Vivek understands Taiwan is important for its semiconductor. Your colleague on the committee, Ro Khanna, tweeted at me last night when I was already offline that that doesn't do the trick. That's not why we're worried about Taiwan going down. Who's right? Well, obviously, our interests in Taiwan extend far beyond semiconductors. Our interests predate Taiwan's emergence as a semiconductor powerhouse. And if the concern from Vivek and I think it is that our dependence on TSMC for semiconductor manufacturing needs to be eliminated, I just would say two things. It's highly unlikely that we're going to achieve semiconductor independence by 2028. TSMC is investing far more money than the CHIPS Act is investing right now. Even under a Republican president, we would struggle to wean ourself off our dependency. But if the CCP had control of Taiwan, they would still be able to hold the rest of the world economically hostage. And that is the issue. Semiconductors or other or some sort of domain of economic competition. If they had Taiwan, they would be able to completely dominate the region through which trillions of dollars of international trade go. The other thing I would say, it's I mean, we got to go to break. I'll come back to go to break. We'll be right back with Chairman Gallagher during the break and then one more segment beyond. Don't go anywhere. America, I'm Hugh Hewitt. Portions of The Hugh Hewitt Show are brought to you by Food for the Poor. So I'm back with Chairman Gallagher, Chairman Vivek's answer to that is I'm going to get India to cooperate. And if Taiwan closes the Taiwan Straits, we're going to close the Malacca Straits. Ro Khanna says that's that's crazy. That doesn't work. I don't know what the answer is, but I know what Vivek has told me. I don't think he agrees with you, but I'll let him speak for himself. I don't want to put words in his mouth that we have to worry that much about the Taiwan Strait. Well, he's obviously very smart. I would say this with Marxist Leninist regimes, their appetites grow with the eating. So I think it would be a mistake to think that if we just surrender Taiwan on a date certain that we wouldn't have to worry about the problem. If they're the dominant regional power, they're one step closer to becoming the dominant global power. And that, I think, is the answer to your earlier question. Why? Why is the CCP a threat? Because they're trying to destroy our geopolitical position. Primarily by convincing us to destroy ourselves, they believe, as we mince words about whether they're a competitor or an adversary, they certainly believe that they're in an existential war with the free world led by America and that China will win, rendering America and our constitutional system of self -government subordinate, humiliated and wholly irrelevant on the world stage. So you can sort of think of it as as an assisted suicide. You know, they're trying to expedite our collapse. They provide the chemicals, fentanyl, the collapse in prosperity. Covid, IP theft, economic warfare and the self -loathing and depression via political interference and information warfare. So I think the the the threat would not stop after Xi Jinping had taken Taiwan. I think it would only expedite and become greater. So if you could read Xi Jinping's mind, what is he thinking about us? What does he want to see happen to us? I think he wants us to look inward and to abandon our position on the world stage and to be consumed with internal political battles. I also think he likes seeing us embrace this almost the CCP's narrative that America is an evil country. America is a neo colonial racist hellscape. I mean, this is CCP propaganda that a lot of Americans have embraced. I think ultimately he wants us to lose faith in ourselves as a force for good in the world. And ultimately, over time, he thinks the rest of the world is going to Finland dies more in the CCP's direction as an alternative model of government and world leadership, in part because America has lost faith in itself. That's why I think primarily the hard power is the most important variable. This is an ideological competition overall. And ignoring the role ideology plays in the competition is a fatal flaw. And so we need to find a way to press the candidates on that as well. You know, the we got two minutes before we come back. The ideological competition is quite simply not discussed. And I don't think our media is familiar with it. They're not stupid. They're ignorant of the ideological. They don't even believe it exists anymore. Chairman, have you run into that? Do your Democratic colleagues believe that there are such things like Leninist and that that the 20th century ideological competition is back with a vengeance? Well, I think for two and a half decades, we tried to take the communist out of Chinese Communist Party, and this belief persists that, well, they're not really communist. They're not really Marxist. They've embraced forms of capitalism and they're they're rational actors. And I think this is a dangerous way of thinking to go down, particularly under Xi Jinping. The party has embraced its Marxist Leninist roots. Xi's spirit animal is, in fact, Stalin. He looks to Stalin for guidance on how to operate. And so a candidate who understands that and can articulate that, I think, has a massive opportunity to distinguish themselves. The Democrats sort of come at the ideological competition through human rights. And there are a lot who genuinely believe in the cause of human rights. And though there are times when we have to prioritize between security concerns and human rights, this is when dealing with China, that's not an issue at all. We're coming right back. Stand by, chairman.
The Financial Guys
A highlight from Capitol Chaos, China Connections, and Censorship
"And just boil it down to the fact that they deprive the American people of real information that was reported by the New York Post. They had no right to do that. They had no right to censor that. It was the Obama deep state officials and the FBI that pressured and not even pressured that made them basically not talk about deleted and simply by that control and by censoring any conversation about the Hunter Biden laptop, they in that instance influenced the election in a way that favored one candidate over the other. And people need to go to jail for that period. Welcome everybody to the financial guys podcast. Thanks again for downloading and listening. We do appreciate it. If you can hit the like button and share, we appreciate that as well. Mike and Glenn here of course got a lot to talk to you about today as there's a lot on the, I got, I think this morning we must've fired back and forth, like I don't know, like 50 different, there's so much in the news, a lot of national stuff. So, um, you know, it's, it's, I mean, it's unreal where we are with this country as far as, you know, so video emerges from J six of officer asking about identifiers for undercover cops. I mean, this is unreal that this stuff goes nowhere. That's what's so frustrating about it. Thousand people are still indicted and jail. Some of them are in jail for years. A lot of them are in jail for years. They're still going after people. This is the largest investigation and arrest bust of ever and U and U S history for, for mainly trespassing. Just, just not to defend anything. I'm not defending what happened on January 6th. We were actually recording our radio show at the time it was happening. So we were recording in and talking about it in real time. And talking about how horrible it was that they were breaking into the doing any damage. But the damage that they did was in the millions. And there was nobody killed on January six. Nobody. Well, I shouldn't say that. Ashley Babbitt was killed, I'm sorry. And another innocent, uh, uh, person was a protest that was killed. No police officers were killed that day. Um, now compare that with the 22 or more officers that were killed or people plus officers that were killed during the BLM riots, the Antifa riots, billions and billions in the B trillion dollars a trillion dollars worth of damage. Milwaukee, Baltimore, Chicago, Ferguson. I mean you name it, all these cities across the country. Couple that Glenn with us finding out now that these people, many of them escorted in and baited many of them baited. That's right. Hey, come on in, come on in by FBI agents. We have it on video. We have it on video. That's right. What is really amazing is this is the United States of America and nobody's figuring out who these people are. Nobody's going after them. It's just so frustrating. What's for the problem, Mike, is that you got Mitch McConnell in the Senate. He's half dead. I don't think I'm peaching. You don't think impeaching, I think he should be marched out of jail. I mean, are you serious? Yeah. The amount of evidence now is not good for the Biden is outrageous. Yeah. Outrageous. It's a mountain. It's a mountain. I mean, it's a mountain. I mean, not only do you have the bloody footprints going, I've been using that analogy. Like these are the bloody footprints going back to OJ's house. Yeah. You have now found a knife in his drawer. That's right. With his fingerprints on it. I don't, I don't know what else you would be in a video and a video of it and a video of the whole of that. I mean, it's just unbelievable. Did you see Mitch McConnell getting booed? Hilarious. They were chanting retire, retire, retire. He and you know, and again, just like Biden, I mean he's got, he's got problems. He's got, he's got some, probably the beginning stages of dementia. You can see it. I don't know where I am. You know, here's the deal. His net worth is 35 frigging million dollars, right? He makes a hundred grand a year. His net worth is $35 million. It does not take a Harvard mathematician to figure out that there's some kind of bullshit going on. It doesn't. You don't need to have an advanced degree, you know, from, from Yale to figure out that that math just doesn't, you know, what's amazing then is they've all figured out the most amazing investment system ever. And folks like, we've got people on our team that are, you know, 40 years of experience, CFAs on CNBC and they cannot on a weekly basis and we can't recreate the model that a, that these folks have figured out. What we haven't done yet is bring on any Chinese spies onto our team. That's the mistake that we're making. See, and that's where Mitch McConnell was married to a, I'm saying she's a spy, but she is Chinese and I have no idea what kind of connection she has back to her family. And I don't know. You can't take it. I don't know. But I gotta be honest, he seems to be awfully on the side of China Joe who we do know has received, you know, when Trump talks about this stuff, I was listening to a very smart pundit I was talking to, and he even missed the point on this. Hunter Biden went over to China. He got immediately and came back, got set up an investment advisory firm. This is our business. We know this. Immediately got an investment from the Chinese communist party for $3 billion. Right now he charges 1 % on that. That makes $3 million a year just by sucking off that $3 billion that the Chinese communist party invested in his firm. Not a re not a registered investment advisor, Glenn, no background in being a CFA or any of that. No, just like he didn't have any background as a oil executive or any experience running a business or any experience as a painter and experience in real estate or anything else. You and I have assembled one of the most dynamic teams, if not the most dynamic team in all of Western New York, right? Chartered financial analysts, certified financial planners, certified social security claiming strategist, certified college planning experts, certified estate planning experts, Dave Ramsey certified experts. The list goes on and on. We do not have any billion dollar accounts from China. Isn't that remarkable? No, that's remarkable. Some drug addicts got $3 billion, right? The difference is we have to follow the law. We have to do things like, you know, OFAC reports, which is the background checks that we have to do to check for terrorists and criminal time. You mean the one that Hunter comes up on time and time again? Those are the SARS report. Those are the suspicious activity reports. There's a website by the way. I haven't had a chance to even look at the website, Mike, but there is a website out there that has listed all of the SARS reports. I don't know. They're supposed to be non -public. I don't know how they got their hands on these, but I haven't looked at them. I don't intend to talk about them, but what I have heard about them, I will talk about them a little bit here. I'm not going to go on and look at them, research them and get into, it's just too much news coming fast and furious. But the latest regarding those SARS reports, I'm not sure if you heard this, Mike, but a number of those are the, the suspicion was sex trafficking. Did you know that? That was part of it now. So, so not only is it a prostitution, money laundering, you know, all kinds of suspicious activity, a good chunk of those 150 plus now, I think approaching 200 suspicious activity reports, were for, for, for sex trafficking. And it's just, it's just, I mean, maybe I should go look at them, look at them and pull them up and we'll pull out some, some specific ones and talk about them on the radio. Maybe that'd be a good show for a, we fill in for Bob Lonsbury on Monday. Maybe we could talk about some of that because maybe, maybe we should do a, more detail on it. I don't want to talk about it. So, because number one, you're not supposed to talk about SARS reports, but if they're public, they're public, but number two, again, there's, I think, you know, yes, that's hugely important information. Absolutely. Hunter needs to be going to be investigated. Absolutely. And probably should be in jail for sure. Right. He's done disgusting things, including with his own niece and his brother and his, on his deceased brother's widow. That needs to start by the way, with the FBI, which has corrupt us how, right. But I'm more concerned about the Biden, the big guy. I'm more concerned about, you know, should all be asked to investigate it. It's clear, it's clear that it leads right up to him. Right. Now we're, now we're finding out that, you know, some of these people have visited the white house 30 times, 35 times, right here, by the way, let's play this quick video. I don't, I haven't played this, but this is him getting booed. It's just worth, worth the, worth the listen.
The Hugh Hewitt Show: Highly Concentrated
A highlight from Nikki Haley calls for trial of former President Trump to be moved out of D.C.
"Welcome to today's podcast, sponsored by Hillsdale College, all things Hillsdale, Hillsdale .edu. I encourage you to take advantage of the many free online courses there. And of course, listen to the Hillsdale Dialogues, all of them at Q for Hillsdale .com or just Google Apple, iTunes, and Hillsdale. Morning, Gloria America. Bonjour, hi, Canada. It's Hugh Hewitt from Studio North. Good morning. I'm pleased to welcome back former UN ambassador, former governor of South Carolina, and Nikki Haley. Ambassador Haley, good morning. Welcome back to the Hugh Hewitt Show. Good morning from Manchester, New Hampshire. Oh, you're not too far away. I'm up north. Quite a storm going on right now. Ambassador Haley, I want to begin. I've complimented the former vice president, Pence, because he has a son and son -in -law on active duty. I've complimented Ron DeSantis. He's a veteran. You are a veteran military spouse. I believe your husband is deployed as we speak, correct? Yes, he is currently deployed. Okay. So is he an officer? Yes. Well, I am talking, I just talked with Mike Gallagher about this. Senator Tuberville has a hold on more than 300 general officers, colonels who want to promote to general, captains who want to promote to admiral, and then everyone, one star to two star on up. We don't have a commandant in the Marine Corps. We do not have a chief of staff of the army for the first time in 200 years. More than 300 vacancies. It's a mess. And I know that the Pentagon has violated the Hyde amendment and I know you're pro -life, but would you call Senator Tuberville and ask him to stop screwing up the military because we're on the brink of a conflict with China and we cannot have this. Well, you know, I mean, look, this just goes to show how messed up our country is. I mean, you look at the fact that the Department of Defense shouldn't be doing this in the first place, but there's got to be other ways to go about doing this. You know, I mean, in a time where our recruitment's 25 % down and, you know, 80 % of those recruits typically come from military families and military parents are telling their kids not to go into the military. It's because they don't feel like anybody's got the military's back. They look at the fact that 33 ,000 veterans are homeless. They look at the fact that they're, you know, dangling these promotions out there and using them as fodder. I mean, they're looking at the fact that people don't see these, you know, men and women who serve as heroes anymore, and that's sad and it's terrible. And, you know, I appreciate what Tuberville's trying to do. I do. Like, it's totally wrong that the Department of Defense is doing this, but have we gotten so low that this is how we have to go about stopping it? I mean, at what point can we not go and have, you know, congressional members go to the Department of Defense and say, look, you have to go through Congress if you're going to do this. You can't suddenly, you know, decide you're going to do this. Don't hold, you know, don't make us have to do this. I just think it shouldn't get to this point. And, you know, for my husband who's serving overseas and for all those military men and women, the idea that this is what they're looking back and seeing, and this is what they are dealing with on top of the stresses of keeping themselves safe and being away from their families, it's wrong. You know, Ambassador Haley, thank you for saying that. I talked to an officer last week who told me not about himself, but about a friend who is facing a one -year deployment in tough circumstances. I don't know if he's going to Djibouti. I know where they're going. There are some tough places to serve a year. And it's not Navy because usually they do six -month and nine -month deployments, but a year in a tough place, but they can't start. So the family's in limbo. You've been there, right? You know what that month is before deployment. Now that month is six months. Now it's for the family, but it's incredibly stressful for the service member because their life is on hold. And you're, you know, it's enough to try and get ready for something like that. But, you know, for any military family, they can agree with me that once they have had the assignment that they have to go, they just want to go and get it over with. They just want to go ahead and get it done. And, you know, it's just, it goes to the heart of we don't treat our military men and women, service men and women well. We don't treat our veterans well. And, you know, my parents always taught us, you take care of those who take care of you. And I think it's shameful from the way that, you know, we're making veterans have to wait 29 days to get a doctor's appointment to the idea that, you know, you're dealing with a department of defense that's not focused on making sure that our military has the equipment, ammunition up to date that they need. Instead they want them taking gender pronoun classes. We've got a serious problem when you've got China threatening us, Russia threatening us, Iran threatening us, and we're going to sit there and play games like this. It's just wrong. On a political level, I also think it's completely disastrous for anyone on the Republican side, the party of defense, to have a Republican senator doing this, but I'll come back to that. China ran 11 ships in concert with Russia down past the Aleutians last week. I said last night, I'm Brett Barash, I want us to send 11 ships to the Taiwan Strait in response. I don't want to, you know, they didn't come into our waters, but I think we're on the brink of a conflict with China, Ambassador Haley. What do you think? I think that we should make sure we're not in a conflict with China, and I think that President Biden's doing everything he can to make sure that we walk into it. You don't run scared from China. You have to be strong. You have to make sure they know, you know, what we're focused on. We know this all started with Afghanistan, but it didn't end with Afghanistan. We've continued to see Biden go and send Blinken over there and try and make nice. Send Yellen over there, try and make nice. Send John Kerry over there and try and make nice. And in all these things, why are you doing that when they literally are responsible for killing 75 ,000 people last year because they're sending fentanyl across the border? Why are you doing that when they, you know, basically send a Chinese spy balloon over our airspace and they're buying up land next to our military? They've bought the largest pork producer in our country. You know, all of these things that they continue to do, why are we doing that? We now have malware that is in our systems that is going to basically, we don't know where the code is, but we know it's there, that's going to disrupt our power grid, our communications, our water supply. That's what China's done. So quit playing nice with them. And I think that's the problem is, you know, America has been too nice to these people that want to kill us. And that's just not the way you handle it. You handle it with strength. You let them know what you expect of them and you respond and let them know there's a price to pay if they do anything to challenge, threaten us, or any of our allies. Ambassador Haley, like I said, 11 Russian and Chinese ships sail close to the Aleutians, but not into our water. It's the third straight year China has done this. Every time we send one ship, President Biden and Secretary Austin send one ship to the Taiwan Strait, the Chinese Communist Party goes nuts. I like the fact they sent 11 ships near us so that we can just flood the zone in the Taiwan Strait. Would you order that if you were the president in response to this? Well, this is actually in response to the fact that we had exercises going on in the Taiwan Strait, that we had exercises going on in the, you know, South China Sea. That's why China's doing this is because they're upset. But understand, you look at a map and see how close they came to Alaska and you combine that with the Chinese spy base that they're putting up in Cuba, which don't think that they won't send Chinese military there soon. You add that and look at how close they are to our soil. And if that doesn't send a chill up every American's mind, I don't know what will. So yes, if we need to go and put, you know, ships there to show them what we're doing, but it's not so much that you do a tit for tat like that. It's fine. We can do that. But what I'd rather us do is have America strategize to get strong. You know, the fact that China has the largest naval fleet in the world. They have 350 ships. They'll have 400 in two years. We won't even have 350 in two decades. Let's focus. The one thing that will scare China is to watch us strengthen our military because they know that we have the best military in the world. If they start seeing us modernize our equipment, if they start seeing us focus on our navy, our air, our, you know, to make sure that we're doing artificial intelligence, cyber, space, all of those things, they will suddenly start to realize that we need business. Right now, they're just not scared of us.
WLS-AM 890
"chinese communist party" Discussed on WLS-AM 890
"I didn't shut down anything. I recommended to the president that we shut the country down. And the only way to do that is by draconian means of essentially shutting down a country. We know that we can do that. If we shut down. Well, I think one of the things you really need to do to the extent that you can shut down. Temporarily. The country, I think, is important. Well, if I knew at the time that shutting down would have such a dramatic effect on controlling the spread, obviously, we would have shut down earlier. There were those who say you shut down, you just destructive things by disrupting the economy, and others say, well, if you save so many infections by shutting down, why didn't you shut down two weeks earlier, but I don't regret saying that the only way we could have really stopped the explosion of infection was by essentially, I want to say shutting down, I mean, essentially having the physical separation and the kinds of recommendations that we've made. Folks, that goes on another minute, man. That goes on for another minute. Wait, here's one more. I want to get this for the break. I know we're running tight ship. But here's Fauci, again, the clowning himself. Suggesting that the Chinese Communist Party wiped out all the animals at the wet market, but he's doing something here. There's a trick he's playing. He's trying to get away from the lab leak origin, so he's winking and nodding here suggesting that China wiped the evidence out in the wet market. That's what he's doing in this clip. Here, listen to this. The issue that disturbs many of us who have been following this for a long time is that with the Chinese did, as soon as the outbreak occurred, they completely cleaned out the wet market of animals that should not have been there to begin with. Because it was well known that SARS CoV-1 jumped from an animal species to a human in a wet market setting. So what their lesion, if anything, is that if, in fact, there were wild animals which photographic evidence from one of the investigators shows that they were there and they should not have been there. So if there's anything that the Chinese are covering up, they're coming up the fact that they violated their own rules about getting wild animals from the forest or whatever, putting it into contact with humans. You see what he's doing there? I can beat the Fauci translator for you. I'll explain more after the break, but make no mistake. He's trying to throw water on what we now know as a lab Lee, because he doesn't want to be embarrassed, but he's doing it trying to be too cute by hat
WLS-AM 890
"chinese communist party" Discussed on WLS-AM 890
"Listening to the Dan bongino show. Here he is Dan bongino. All right, folks with journalism being so corrupted. The Chinese Communist Party and others, many others playing a role in that it's certainly not just them. It's good that we have actual journalists left. Matt taibbi, Kalani greenwald. And one of the best is this guy he's been on the show before he's a friend of the show and a fantastic reporter, John Solomon John, welcome back to the show. Great to be with you, Dan. Always good to have you, my friend. His website is just the news dot com. You should bookmark it because it's one of the few places you'll actually get the news and not garbage. So John, this show we've been talking about the Chinese Communist Party, the decades long run through our institutions, our corruption of the United States. I mean, the communists have actually, they actually have a name for it called the long march through institutions, gramsci called it that. This isn't new that they've looked to infiltrate media, politics everywhere else. But I wanted to focus on with you the Hunter Biden fiasco. I mean, he has long really disturbing destructive ties to people like Patrick Ho and others in the Chinese Communist Party. Wow. That's not much of an answer. That sounds like a dial tone. Did we lose him? All right, I'm going to get him back. There are. It's painful. Yeah, all right, you got to get rid of that dial to learn because it's like ripping my eardrum. You guys have it like dialing on the air, which is pretty cool. All right, standby. We'll hopefully we can get John back if not I'll have to continue with my regularly scheduled program. You got it? All right, you see there? The John. John. Hello, can you guys hear me? Oh, we got you, sorry. All right. Glad you're back. I didn't want to lose you. So I was making the point that Chinese Communist Party has long had this infatuation with corrupting our institutions politics being one of them. And this relationship between Hunter Biden and Patrick howen, CEFC and the Chinese Communist Party. You know, I think you and I both know if this was a Republican. Or even a Democrat that wasn't a liberal, this would probably be a major intergalactic cosmic level story, John. It is, in fact, the narrative is so much more deep than the fake narrative of Russia collusion against Donald Trump. And we saw how the media took that one for her client and secret. This family, the Biden family, has targeted China for more than a decade, seeking to cash in. And they knew what they were doing. There's a famous email around the time that Hunter Biden gets to meet this businessman and from CEFC and Patrick O a guy who later gets convicted of making bribery payments to gain Chinese entries into markets around the world like Africa. So around the time that Patrick co and the CEFC big China money is coming into Hunter Biden, Hunter Biden writes a really amazing and candid email to his colleagues saying, they're not interested in me or my skills. They're interested in my family name. He knew what he was doing. He was trading on the family name. He knew what China wanted, and he was willing to deliver an over a decade while millions of dollars flowed to him and his family with things like a no interest forgivable loan. Who gets a no interest forgivable loan from time to only people with the last name to Biden. He helps the Chinese begin to acquire very important assets in the United States, including a company in Michigan called hedges, which is a big automaker part. Iconic auto industry company in America. But it's more important part for the Chinese. It made super sensitive windshield technology for fighter jets in America has lost that now to the communist Chinese government and the man who brokered that deal, Hunter Biden. John, it's horrifying to me because they opened up the segment with you before we got this briefly disconnected there. It's not as if international communists, not just the Chinese Communist Party, but those in Russia, Italian communists like gramsci and others. It's not as if they have an advertised this plan for over a century now. Again, they call it the long march through institutions. The Confucius Institutes were outed by John even left this organizations have forced to acknowledge if you look at the heritage report that these Confucius Institutes in our education institutions that these are in fact, this is a quote soft war being conducted against us. You know, for a guy who's been involved in politics as long as Joe Biden. I mean, basically his entire adult life between the Senate vice presidency and the presidency and I'm asking this honestly, I'm not trying to be as smart as. There's only really two solutions or answers to this. Either Joe Biden is really genuinely stupid and was like, oh, deals with my son with the Chinese Communist Party. I just didn't know it was an influence operation, which is one or option two, he knew and is a almost like a de facto foreign agent. I mean, I don't have any other explanation for it. Yeah, and listen, I think that's the crux of the question that the House government oversight in has judiciary subcommittees are going to be focused on for the next few years. I think the body of evidence currently in front of us is that the isn't stupid or blinded. This is a willful scheme to peddle influence and make money for the family. He starts in 2010. Here's a man that just gets into the vice presidency a year into it under Barack Obama and he's talking to his son and their business partners about finding out what his economic worth is. What is earning potential is in 2016. He's talking about wealth creation. This man set out to make money and he knew his family was going to make money on foreign interest, particularly China. He does it in Ukraine. There's a moment right after Hunter Biden gets on the energy board in Ukraine where Joe Biden makes a speech and he just happens to make his first speech in Ukraine about natural grass, the very product that his sons do company is making and Hunter Biden writes an email saying, I got that line in the speech for my dad. We got to take credit for it. He was manipulating his father's speeches to cash in this family was working together. And you get the 2019. And by 2019, anybody who has read a single newspaper in America, even if you read The New York Times, you would know that China is creating an encroaching threat on American supremacy with the activities in the South China Sea. And Joe Biden stands up in front of the cameras at the beginning of his campaign and says, China is not the enemy. China's not evil. China's not even competition to the United States. We know all three of those statements were false at that time, but that's when his son is still working on these energy deals, trying to get natural gas from America to his Chinese business partners. I don't think these things are an accident. I think there is overwhelming public evidence that Joe Biden Hunter Biden, James Biden knew what they were doing with China. We're talking to John Solomon, the website is just the news
Bloomberg Radio New York
"chinese communist party" Discussed on Bloomberg Radio New York
"Increase. The Chinese Communist Party is getting more aggressive, we need to have such a military capability to deter war. And when you get in a war, you want to make sure you win it. Jeannie, this is getting to be a frenzy for sure. We don't even know where these other three are from. Of course, the spy balloon might have on its own. Prompted this conversation. But what should we be? What's he talking about? What are we need that we don't have? Apparently we have to invest more in the budget for the military in defense. You know, you know, but listen, I have to disagree with Rick on this. We are in a diplomatic crisis. That's like ten to 12 days long with mass confusion. And why do people worry about aliens? Because the government said they couldn't tell us it wasn't aliens. I mean, so, you know, I appreciate what he's saying that if they hadn't gotten themselves into this mess, he wouldn't have had to come out, but he does need to come out. But when he comes out, he needs to give some information or at least tell us that this is not a national security crisis. When is the last time we've had jets flying over the United States shooting things out of the sky and then we're told that they can't tell us where they are or what they were. Again, the web telescope can tell us what happened 50 billion years ago or something, but they can't tell us what they're shooting out of the sky over our own territory. This is not the way to conduct business the communications here is pitiful and they've got to get on top of it. And today I don't think they did themselves any service in this regard. Maybe he could have used a surrogate to deliver this message, Rick, although I guess Kareem Jean Pierre, the press secretary hasn't been cutting it here or he wouldn't have had to come out today. It is just an interesting conversation to say, okay, we're going to address the American people here, but we're really not sure what it is we're talking about. Yeah, look, I mean, Genie wants transparency, but then she's upset when you go out and be transparent and you have nothing to say. The government, look, it is wrestling with something that's new, right? And there are obviously geopolitical issues related to these balloons and certainly the Chinese plan that we know of. And that can not be diminished. And as Lindsey Graham says, we've got to start looking inward as to where are we really prepared? I do think just to change a minute. We have all these very important people talking about war with
Bloomberg Radio New York
"chinese communist party" Discussed on Bloomberg Radio New York
"Both came to understand that each of us shares an animus towards the values of the Chinese Communist Party and we think they're headed in completely the wrong direction which is challenging our leadership in the world and our values and stealing our intellectual property And we agreed on one of the ways that we have to boldly lead to show the Chinese Communist Party that we're not going to put up with it anymore And that is to invest in our people and cutting edge 21st century national security innovation Things like artificial intelligence and quantum computing will define 21st century warfare Unfortunately the Chinese Communist Party is investing very heavily in these areas The U.S. less so So what senator Schumer and I have proposed is funding through our research universities investment in research in these key areas Also preparing our people to develop these new platforms like artificial intelligence and then build them here in the United States So we won't have the supply chain challenges we have with things like computer chips right now So we can at once train our people for good paying jobs invest in national security research and prepare us to lead in the 21st century and make sure our values prevail and not those of the Chinese Communist Party So senator this is the point at which some of us who have not spent time up in the halls and Capitol Hill the way you have get a little perplexed because we've had Republicans and Democrats on A lot of your colleagues and I haven't found one who's against this They're all for it So this is actually an example of something that's bipartisan seems to make good sense Why hasn't it gotten done Well listen I have to commend the democratic leadership here in the Senate I told senator Schumer we're only going to work together on this if we make it a very transparent and inclusive process And he has kept that promise for me So we got buy in from roughly 70 U.S. senators bipartisan and got a really big vote out of the Senate and we hope to maintain that moving forward Unfortunately the administration and democratic leadership got distracted along the way with something called build back better And so for the better part of the year they let our Senate Bill laid dormant essentially staying here in the Senate as opposed to being reconciled with the House version Right now we are in the negotiation process The house has passed their bill Unfortunately it's kind of a partisan bill We still have that Senate bill We're in the process of negotiation I think within the next couple of weeks we're going to end up with the final compromise bill that will look a lot like the Senate bill And then there will be signed into law by the president of the United States So I'm guardedly optimistic but it's very important that for those who feel strongly that we need to get this done for the good of the country and to demonstrate that this place can still work and work in a bipartisan way when it has to.
Monocle 24: The Globalist
"chinese communist party" Discussed on Monocle 24: The Globalist
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Monocle 24: The Globalist
"chinese communist party" Discussed on Monocle 24: The Globalist
"Country which will be delivering all kinds of goods for the people in china and for the rest of the world. And this is something which xi jinping believes is very very important. Full the country now the way. How few jinping does it is to we invigorate the communist party us a leninist party which means in his worst that it doesn't matter whether it is north south he's all west or in the middle of china it doesn't matter what areas of people are engaged in the party will take the heat or indeed. The party will take control. What we are seeing is a system by which the communist spotty will be at the center of everything in china and it will tell everybody what to do the technologies that we have in your twenty-first-century really is technologies. That human beings have to deal with all throughout history. They aren't just instruments they can be used to support a government that can also be used by a government to cement and enhance is power and the effectiveness of his control that we are seeing xi jinping attempting to use digital technologies to enable to communist party to excise very very very tight control without having to impose an old fashioned to the -tarian system. She jinping called himself a marxist. He often refers to maximum. Heat doesn't.
Monocle 24: The Globalist
"chinese communist party" Discussed on Monocle 24: The Globalist
"The very top leaders. That is what she has done away with. He's also talking history done away with the distinction between the maoist period the cultural revolution and what followed done very very clear line under the cultural revolution and again didn't want china ever have to go through that to this kind of muscular aggression this nationalism. This party is always right is very much china of the new era and is partly about binding chinese people together under the leadership of the party by emphasizing the bad times which are not the cultural revolution the bad times of the bad times created by foreign aggression in the nineteenth century and and and in the twentieth century by the japanese. Those are the bad times. The party talks about now and and it presents itself as the the party that can defend china against what it also characterizes as continuing aggression from the west. The danger is that that it will create exactly the situation by this kind of language and by certain actions at the party has undertaken on the sheeting. And we might end up in a situation where the kind of confrontation that the party talks about is is brought about by this New belligerence have been Domestically severe bigger questions about the future of the the communist party in the next one hundred years obviously showed up incredibly strongly by xi jinping given what isabel has just said but looking ahead to the next one hundred years when we have globalization and consumerism so closely embraced by the chinese. How much is the communist ideology going to be relevant one for people in china this think. Birthday for dot com at a time. When international criticism has grown over a human rights abuses its policies and hong kong. And she john. There's worry about taiwan. But she really careful to ensure that this doesn't turn into political instability at home again. The overarching goal. Here is to make sure that the party can stay in place and in power and so there's a big push to make sure that younger generations love the party. You know everywhere you see. Everybody go in china. You see these banners at say loved party followed the party live the party. The way classes for instance curriculums are instituted in china. All follow that seem and so from a very young age. People are being indoctrinated in this kind of stinking this ideology and the long term impact then is to ensure that the sort of patriotism and nationalism goes on for quite a while we have people now under twenties and thirties really grown up. Time we're trying to has only seen or they've only experienced a strong and powerful china a time when the economy has risen very quickly. Now it's become the world's second-largest and that's very very different experience from what they had seen the generation above from their parents who had gone through different kinds of hardship of political instability. And so for these younger this younger cohort of the new c. Joining the communist party. They see it as a way for greater professional opportunity for instance. And that's something that xi jinping has made clear and made more of a viable option. That was isabel. Hilton in london and sutphin.
Monocle 24: The Globalist
"chinese communist party" Discussed on Monocle 24: The Globalist
"From the past to the present on the day of the anniversary. Accel july one. We were joined by isabel hilton of china. Dialogue and sophia yan. The telegraph's china correspondent in beijing to analyze what today's stands for and how it's influence plays out in modern day china. Isabel if i could begin with you just explain to us how the communist party came about well the first meeting of the communist party the one. We're celebrating although mao. Actually when he was asked couldn't quite remember the date so this date is slightly arbitrary It it was twelve people Twelve chinese delegates one soviet and one comment and representative who met in the French concession in shanghai for a few days until the shanghai till the french secret police took an interest they then reconvened on a boat on a nearby lake and that technically was the founding meeting the ideas themselves had been swirling around pretty much since the fall of the kingdom sti which was not the ching dynasty that the last imperial dynasty of china Fallow as a result of quite another revolution which which the communists had nothing to do with But the the swirl of ideas. Since i guess about eighteen sixty in china about how china needed to reform amongst the many threads that were that was Was marxism along with ideas about democracy science. All kinds of of different discussions were going on in china. And this one Much with soviet assistance into the communist party. What is unusual is about as its assumption to power was not a violent one but once they were in control brutality then followed well. It was violent in the sense that they won a civil war against their great rivals. The nationalist they the chinese had sorry. The communist party had had two periods of trying to cooperate with the nationalist because essentially they come from the same root. You know you could argue that. The comments were an offshoot of the nationalist. But then bitter rivalry In the course of which the communists were forced to retreat the long march two yen on in in the north of china. And they're essentially. They waited out the second world war over. They now step. Tell the story rather differently. The nationalists fought the second world war for japanese or along with the americans and when the war was over after another brief period of discussions the civil war broke the communist power As you say that that it wasn't violence in the sense that was not a revolution it was it was a civil war and what was remarkable was once they wear in par the degree of violence. That the party then unleashed on the chinese population. So i there was land reform. Nobody really knows maybe ten million dead. Then there was a period of encouraging people to speak out the hundred flowers movement and in the fifties but that was followed when they did speak out by a very savage response And millions of people were were sent to labor camps and the anti rightist movement that was followed by the great leap forward. The result of that was forty million. People died of starvation Plausible that after another period of of mile being sidelined. He came back with the couch. Revolution in which by the chinese figures some ten million people died too. That's an awful lot of dead citizens in peacetime under communism in the first thirty years it was a remarkable record sophia in beijing. How many chinese people consider them today to be true criminalist. The communist party now has ninety five million members making it one of the world's largest political parties and all of this talk of history that we've seen coming from xi himself as part of a broader campaign really to recast the history as is mentioned. Really delete the past mistakes that the party had overseen from the official narrative and that is to prevent any sort of present sentiment of any discontent that there might be with the party. The issue is the stability and the legitimacy of the ruling communist party and right now for c. jingping. He wants to make sure that both the party and himself are remembered for a very long time. Now this is the man who has abolished harmless. And he's set to rule for the next couple of years and along with that. You need to make sure that the party having already enjoyed one hundred years in power has at least another one hundred ago. Tell us a little bit about what's been happening in the last twenty four hours way your severe. I mean the the images coming out of the parades in the speeches are really remarkable. We've had a week of celebrations the entire city all across the nation's capital here in beijing it's completely decked out in red red flags red banners on the street corners. You see these red umbrellas where community volunteers with red armbands are watching everyone to make sure that everything is nice and peaceful and stable all for this big one hundredth birthday and so this morning. Bright and early starting from seven thirty there was a big celebration helicopters that you could hear roaring over the skies information displaying. I number one hundred for the big birthday. And then seven one for july first that was followed by fighter jets streaming this colored smoke and there was a one hundred gun salute in tiananmen square. And of course she himself gave a long speech. It was longer than an hour exactly at sixty six minutes and this really was his take on. What the party has accomplished over the last century. There was a lot of talk about national juvenile about this having having been the theme over the decades and how this will continue to be a priority for the party and the message is is that the communist party is was always will be the vanguard and the best choice for the chinese nation and for its people isabel though in parts of the spectrum xi jinping with were absolutely unequivocal in its in. Its in its aggressive towards the west says anyone who does to try to Descent will have their heads bash bloody against the great wall of steel forge by more than one point four billion chinese people. This moment is being used as very much. A message to the outside world isn't it. It's being used as a message that said world s but we should also remember that these messages external messages have an integral function. If you look at what the party believes in and what xi jinping is now doing what i find striking. Is that the the great achievements at the last thirty years. You know the transformation of china from a very poor country. The one that i i studied in where people really had very little where basic necessities were rationed. That was the that was the china that mao had created after his death. Deng xiaoping set china on a completely different course it open to the west. China became the world's factory people became much better off. You know all those are undoubtedly achievements of the party. what is striking is the dengue also A severe said he imposed term limits. He never wanted another dictatorship like multi dungs to emerge in china and so he he left a legacy of kind of shed power at the top and strict term limits of two terms for for.
The Times: Daily news from the L.A. Times
"chinese communist party" Discussed on The Times: Daily news from the L.A. Times
"And gdp and military might what matters is not necessarily this outward hubristic version of strength but what matters is having the strength to look honestly at your own history and to look honestly own passed to be able to admit and acknowledge the things that have happened and to learn from them. Thank you so much. Alice thanks.
The Times: Daily news from the L.A. Times
"chinese communist party" Discussed on The Times: Daily news from the L.A. Times
"Alice china's reached the stage. Where anyone who has documented history that doesn't fit with the official chinese government narrative has been arrested or fled abroad. Well sometimes it does seem that way. And when i speak with people like chongqing or online archivists in my story they speak about how hopeless they feel because it does seem like those are the only two options. You need to go abroad or you're going to end up in jail but you know when i'm on the ground reporting. I'm often surprised by the fact that you never really know. Completely what is their below the surface in china. And sometimes you know in the most unexpected places. You'll find someone who actually holds thoughts that go against the government narrative and they just never had anyone to talk about it so even going back to this scene that we described earlier last friday when i was in that shopping. Area and soundly twin. I was listening to the patriotic songs and watching the patriotic video. And i thought you know. I'm going to go interview a patriotic volunteer and get some quotes about how they are of one hundred years of history. I saw this group of elderly men. They were all wearing red hats and red armbands which marks them as neighborhood volunteers for the event and i went to talk to one of them. There's this old man kind of wearing his red hat and red armbands standing in front of the video screen. That was playing videos of rocket. Blast off and you know great china in the future. His name was young year in and he was seventy two years old. And when i asked him you know what do you think about this. One hundred years celebration. He's surprised me because he actually paused. And he knew that i was foreign media and he said you know one hundred years it is something remarkable but i can't help but think there are some things that we still need to reflect more on roy. Moore the gogol shots. There are mistakes that we've made and we haven't thought enough about them. Like many people of his generation. He knows a lot of melted. Don't quotes and it was quite interesting. He actually quoted this line from amount to me which was insurance input gel sharia law which means humility makes one progress in advance. An arrogance makes landfall behind them team to walk luggage. Just so you understand. That's a very dangerous thing to say in china and it's especially dangerous to be saying that at the site of patriotic celebration with police around and with everyone coming on the most sensitive week of the year when everyone is meant to be united and proud a chatted more with young and he told me you know he was sent to hey long john province when he was young during the culture revolution when a lot of youth were sent to remote rural areas to work in us telling me how. It's not just that the common people suffered a lot during those years but it's also that he saw how top leadership within the party you know was engaged in these kind of brutal political struggles. He saw leaders being purged and they kind of broke his ideals on his illusions about the glorious pure party. That's leading us. I think he and many people of his generation when they saw the kinds of factional struggles and mutual. Purges that were happening. They realized this is really about power but he also said you know. I'm thinking like this. I'm not sure if it's correct. But i just can't help thinking we need to reflect more. What struck me about. This story is how what the chinese communist party is doing with. Its nation's history. It's exactly what we do here. We've been whitewashing our own history since the days of the mayflower yet the. Us has always quick to judge communist china and others. But we do the same in stay silent. I think what has struck me during my reporting is that you know amid all this competition between the us and china we kind of see a lot of very similar rhetoric coming out of both sides essentially the us and china are competing right now to prove you know who has the better system and who can be a stronger country based on their type of governance and for china. At least it's very much about showing. Obviously it's us obviously as the communist party. We are so strong. We are so united. We're able to get rid of kovic we're able to now send rockets into space and a lot of the focus is on achievement and accomplishment. But while reporting i think what struck me was that the people that i meet who actually lived through. That past are not so fixated on a type of strength. That's defined by skyscrapers.
The Times: Daily news from the L.A. Times
"chinese communist party" Discussed on The Times: Daily news from the L.A. Times
"So chen may and siwei were documenting these articles but then the government ends up. Detaining them right yeah so. They were detained in april twenty. Twenty and they were held for more than a year before they went to trial during that time their family was not allowed to see them or contact. Them and chinese brother tried to hire a lawyer for him but they were told that no one man's highway are using the government appointed lawyers in those lawyers tend to push the defendants towards confessing admitting to the crime and going along with what the authorities want. Is it just the government police again monitoring what people say actually. It's not so something that everyone. I interviewed one to talk about was. There is a change happening in chinese society. That is very worrying for them. And it's not just that there's constant police surveillance and monitoring of your devices and your speech and you and your action but now with this rising wave of nationalism and with many many years of information control there is an increasing trend. Too of people monitoring each other earlier this year you know china's cyberspace administration. They put out a request for reports of historical nihilism. Which is kind of party. Speak for any discussion of history. That is critical of the authorities. And they said you know if you see anyone you know your neighbor your mom your friend. Random stranger online engaging in historical nihilism number go on his website report. What they're doing and from official statistics we can see that mutual reports on political speech have gone up so this is something that activists like chongqing are worried about first of all the our mission than the left the country even the party. They're are proud of the traditional culture of china. But i think the most important is that they were brainwashed by the government. I know some of them. They don't know the row history. They just end though. The official narrative is harder to communicate with them. Because we i mean we don't share the same knowledge information about the history about the society but it's social problems. Even we live in the same society in country in china is kind of like. There are two groups of people living in the same country but they're experiencing two different countries. You know you have the majority group especially the young who who never experienced the turmoil of bam in or the cultural revolution and they just experienced a rising china and everything is getting better and better and everyday they're told by officials and by their schools that anybody who is questioning the benevolent leadership of the party they're potentially funded by foreign forces and they're out to destabilize the country and they're anti china and so on and then there's another group hunt of a much smaller group of people who are kind of focused on the dark parts of china's history and also about the ongoing crackdowns that are happening all the time and they're experiencing china that is getting darker and darker and moving towards stronger forms of authoritarianism but sometimes it's like these types of people are living side by side in the same country and not at all experiencing the same thing and the problem. is that now with the strict controls on information. Those two groups are less and less able to communicate. I mean this is what really saddens people like jong-keun who had been working for years to try to just awaken their fellow citizens not to an uprising but just to to be empowered and to be engaged. And now that's becoming impossible to him by. You can buy every everything but you cannot. You cannot buy even a newspaper. The chinese people. They don't know how to discuss the public affair. They don't know how to organize for example the local community to defend our own rights. This what what makes me sad.
The Times: Daily news from the L.A. Times
"chinese communist party" Discussed on The Times: Daily news from the L.A. Times
"Daniels not the only hong kong who has fled to taiwan in recent years right i i know the chinese government has long threatened to take over the self-governing islands. So what is it about. Taiwan to makes it appealing to these. Fleeing activists from hong kong taiwan is considered safe ground because the territory is china's geopolitical foe. And you know the two sides have been at odds with each other since nineteen forty nine. After the chinese civil war. The former chinese national government fled to taiwan as the communist chinese took over mainland china. And you know they've been tensions between the two sides for seventy years but no war. Taiwan has sort of embraced the west. It's an unofficial ally of the us become this thriving democracy this economic powerhouse. When you think of taiwan's you think of microchips. Because those are the things that go in our iphones and tests all comes from taiwan culturally progressive. It's the only place in asia that allows same sex marriage so there's a lot of ties with taiwan to the west and because it's considered the last beacon of hope for chinese democracy these exiles sort of see it as the only place they can go safely in asia yeah. Taiwan is not globally recognized as a country. Although it's government is completely autonomous. Athletes can't compete and global competitions like the olympics under the name taiwan taiwan is in part of the world health organization and beijing seems to just get more and more belligerent. About it says. It wants to do to taiwan every year. It wasn't always that way. China had a policy. They called peaceful reunification where they tried to learn taiwan with economic benefits but they also isolated taiwan diplomatically. And the more. China push the more taiwan recoiled at. It's much the same way with people in hong kong. They didn't want to live under authoritarian government. And so what's happens is under the hardline. Regime of president xi jinping. There has been less patience for this this kind of belligerence towards china's sovereignty. So they've really put more pressure on china and recently we've seen an unprecedented number of warplanes buzzing around. When he's airspace to intimidate taipei. Chinese nationalists have been whipped up online. They're calling for takeover and even china's military is beefing up its invasion capabilities. China's military sinn fighter jets over the taiwan strait in an unusually large show of force. A unit of the chinese people's liberation army has held combat exercises in the region. Taiwan's defense ministry saying two bombers and sixteen fighter jets crossed into taiwan's air defense identification zone. Taiwan scrambled jets in response and monitored the movements of the chinese planes. This is scary stuff that matters to america because the us has been ambiguous about whether it would come to taiwan's.
Harvard Kennedy School PolicyCast
"chinese communist party" Discussed on Harvard Kennedy School PolicyCast
"And how that understanding can contribute to better relations with china in the future. I'm your host. Ralph finale and welcome to policy. Cast tony welcome. I was hoping we could start by going back to the beginning because these days many people think of the chinese communist party is this all powerful entity that's built an economic juggernaut and that can do things like control access to the internet for over a billion people yet. You say that back in. Its early days. The party faced seemingly impossible odds just to survive. What happened in those early years. And how did it survive. Whatever one thinks that the chinese con artists an extraordinary story. First of all it probably should really existed in the first place. It was only with considerable soviet support. Thirty got off the ground. It was almost destroyed. Nineteen twenty seven when its earth. While partners in the nationalist movement decided rather than them being squeezed lemon installing said they would squeeze the communists and then it survived another symbol or it survived of you know the invasion from japan and then eventually conflicts wants more. Who the nationalist between forty five and forty nine. And if we wrap all of that together there were just certain moments where its survival looked improbable or at least if it was going to survive. It wouldn't necessarily emerge as the dominant force in chinese system and yet it did and it's testament to a number of things. One is its ability to be flexible to adapt to changing circumstances. It didn't cleave closely to a vigorous interpretation of marxism leninism. It was willing to work. We bandits with different gangs and groups if necessary was Willing to make unholy alliances to keep itself going body always had the eye on the prize the prize of course being the ruling party within china and then there's no doubt. The japanese invasion helped. The chinese communist party wasn't a sole reason for his victory. But it was slowly being squeezed. By the nationalist forces befall. The japanese not make the nationalist had to turn their attention away from his lingering the communist threat to working supposedly together with the communists to resist the japanese and that allowed. Chinese comments padres rebuild. It allows them in many ways to protect their arm his while the nationalism is we're taking the battery from the japanese and begin to put together strategies but what they saw the inevitable civil war that would follow in. They lock happens. I mean basically. The nationalists were incompetent. They made a number of very severe mistakes. One civil war started which made the most of their league troops got. Cut off in the northeast of china which then allowed the chinese communists to begin to infiltrate further down through the country. So it's remarkable story. It encompasses things like long march which is probably best known to most people where you know they covered something like six thousand miles in certain number of days set out almost one hundred thousand and that was six or seven or eight thousand by the time they reached the destination node actually knowing whether destination was going to be so whatever one thinks of it is most ordinary story. You mentioned that one of the ways. The chinese communist party has survived has been its ability to adapt and that theme runs throughout your book..
News-Talk 1400 The Patriot
"chinese communist party" Discussed on News-Talk 1400 The Patriot
"Crackdown from the communist in Beijing. With so much turmoil at home. This major event is barely a footnote in the newspapers of America. The Chinese Communist Party is on the move on the new administration best be wary. Secretary of State Mike Pompeo joined me on the Hugh Hewitt show. Let me ask you about President Biden. Do you expect him to stand up to the Chinese Communist Party or sit down because after he's financed by Hollywood and big tech, and they're compromised by the Chinese Communist Party I think the world and that includes the American people will continue to demand that the United States secure Uh, freedom before them on, then includes pushing back against the challenge of our time. That is the challenge of the Chinese Communist Party in its capacity and intention. You expand its influence and ultimately deliver. Ah, world that is very different, Well not governed by the rule of law by respect for sovereignty, all the things that the world has come to know. The post World War. Two environment. The Chinese Communist Party wants to upend with a very different theory of international relations, one dominated by the East one controlled in a way that won't create more security freedom, more prosperity. I am confident the American people demanded whoever. Is leading their country. President elect Biden included respond to that in a way that continues to make sure that America remains the country. It has asked for the last 240 plus years and that the world continue to operate under set of rules that are Based in human rights based in the law, based in respect for sovereignty that those air core principles the idea of reciprocity is important. And I think every American leader understands the necessity for that. Again going back to the Nixon library speech, You said, quote in Hollywood not too far from here as we were in Yorba Linda, the epicenter of American creative freedom and self appointed arbiters of social justice. Self censors, even the most mildly unfavorable reference to China. I'd like to expand on that Mr Secretary, the experience that this weekend you know, this era's version of Oliver Laurel is a guy named Seth Rogan. And after hitting me once he exploded in anger and vulgarity me on Twitter. When I invite him on this program to discuss the Chinese Communist Party, he replied, Quote My movies don't come out in China. Sidestepping the issue of Hollywood cow towing to Beijing, despite its repression of the Wickers despite Hong Kong is that changing has has Hollywood woken up, even if You know celebrities adopting disguise ignorance with invective. Is it changing in Hollywood? You have not seen that yet. The Capacity of the Chinese Communist Party to influence just Hollywood. But the me our media more broadly, whether that's through investment interests whether that's through Threats that they would have access to the markets in China. Whether that is simply people hanging out at the same cocktail parties. It is the case that we have permitted the Chinese Communist Party take in get inside of our schools, our research institutions. Uh, you spoke about our media in Hollywood. Those those are things that fundamentally present risk to the sovereignty of the United States America for decades, we turned the other cheek. We allow this to go on. I think just this President Trump has said. We've had enough That can't continue to happen, and the United States needs to do everything it can. The government needs to do everything it can to prevent that from continuing to happen. The most recent example. Feeding the Dragon is a book by a Hollywood executive Chris Fenton, and the most recent example of what he describes his cow towing is Tom Cruise, iconic Bomber jacket in top gun, too. Removed the Taiwan flag from it Now, is that insidious? Is that something we should ignore? Is that just silly comedians like Seth Rogan? Or is that a real problem? A flag on a jacket off standing alone. That's right. Okay, um, fine, but what it is is it is a bellwether. It's in an indicator. It is a signal for the depth capacity breath scope. That the levels to which the Chinese Communist Party will reach and in fact has reached to influence how Americans think about their own country. These efforts. He's influence operations are real. And the effort to undermine our institutions are central Western Democratic institutions. American Republicans real and we have to make sure that we do everything we can to call it out, identified when the American people become aware, but when they know L demand that not only government do the right thing. But there were a man that the demand that the people who sell them products to people who provide them services all behave in a way that is consistent with American national security. We have seen that throughout history before you I'm confident we'll see it again. I want to go. One more quote from the Nixon speech, Nixon library speech. You said Mr second date. We have to keep in mind that the Chinese Communist Party regime is a Marxist Leninist regime. General secretaries you Jinping is a true believer in a bankrupt totalitarian ideology. And about Reagan's old saw trust, but verify you said quote. I say we must distrust and verify. Do you think the incoming administration embraces this attitude towards the Chinese Communist Party? Only time will tell. I don't know the answer to that coming up..
860AM The Answer
"chinese communist party" Discussed on 860AM The Answer
"America. I'm here here and thank you for listening. I'm joined now by the United States. Secretary of State. Michael Pompeo. Mr. Secretary, Welcome back to the Hugh Hewitt Show. It's great to be with you this morning. Thank you. The Chinese Communist Party has a mouthpiece, The Global Times, which has a lead editorial today. China to respond to US provocations and next 10 days Which concluded, and I want to quote Mr Secretary. We would rather face a Taiwan Straits crisis even a storm in the next 10 days. If Palm Pale and his likes become more aggressive and provocative before leaving office, the crisis will teach Taiwan secession is the lesson and nail Pompeo and his likes to the pillar of shame. Even if this will cause a shock to China US relations during the period of power change in the U. S. It will bring more benefits to the normal development of bilateral relations in the long term. End of quote, Mr Secretary. Are we on the cusp of a crisis with China? Thank you. This is this is the kind of language that the Chinese Communist Party has been using for an awfully long time. Now everything that President Trump administration has done with respect to The Taiwan issue in particular, deeply consistent with a series of agreements over an awfully long time. All we have asked that the Chinese Communist Party continue to adhere to the one China policy in the three communications as well. I were conversations with the Chinese Communist Party about it. But off they're reacting to a decision about a series of events, which include So much is just simply allowing the continuation of unofficial visits between Americans and And Taiwanese with a set of rules that we apply to every other nation. This has been President Trump's policy with respect to channel more broadly, we asked for his fairness, reciprocity even handed way of dealing with each other. It's appropriate that the Trump Administration continued to demand that have you discussed with President Trump how the U. S. Will respond to any provocation by General Secretary JIA next 10 days if one occurs But you never disclose conversations with President Trump. But this has been a conversation didn't come in on four years you about how the United States will respond. To every action right? The president began attacking the challenge of the economic in disparity between the way the two nations interacting with then worked hard with respect to the Wuhan virus. You demand transparency, fairness, reciprocity, the central tenets of relationship. The United States and China. Don't expect that will change. U. S Ambassador to the United Nations. Kelly Craft is going to arrive in Taiwan tomorrow. What sort of provocation do you think General Secretary she is capable of ordering. I told you. I never speculate in that way. Okay, well, what Anything that happens in your view happened as a result of a direct order from General secretary. She You nearly everything, certainly anything of significance that takes place certainly in the sphere of security and military activity. Certainly extends to the military civil fusion program as well. Those actions are highly centralized, highly controlled and emanate from the leader of the Chinese Communist Party, general Fishing Channel secretary fishing thing. So a very respected naval list is a friend of mine. Captain Jerry Hendrix Retired, has written that he expects a quote shouldering incident soon. Where a people's Liberation Army Navy ship shoulders the United States Navy ship Have you discussed with the president, the vice President, Defense Secretary Miller? Ambassador O'Brien Ordinary Radcliffe how we would respond to such an incident. I know you don't speculate. But as that have been war gamed. He wear military folks prepare for every potential challenge that they face. They had these kind of events before. With respect to Iran and others. I'm confident that the department sense knows how to respond in the event that they're challenged. Had a very important speech at the Nixon library this summer and that self serving because I was sitting next to you. You stated that quote we marginalized our friends in Taiwan, which later blossomed into a vigorous democracy. Close quote, Ambassador Craft will be the third senior official of the team Trump to visit Should these visits continue? In the Biden administration. We should continue to have interactions with Taiwan and the way that is permitted under the one China policy, one of Thanks, I said over the weekend, Woz. What we've done before is that the Chinese exercise of rhetorical flourish or they challenge us and we walk away from the things that we promised that we would do. Indeed, we have legislative requirements. Statutory recovers things that in law The United States simply hasn't done out of Sona spent its speed to China. We are not do that, Um, these actions aren't provocative. There are unintended. In that way. They're intended to fulfill the commitments that we have made. To all the parties in the region to the Chinese Communist Party, in particular part of the one China policy. We will live up to our promises. We will live up to our commitments we will do so in a way. It is appropriate and we all we ask is that the Chinese Communist Party fulfill the promises that it has made to not only united States but to the world For all these years, if you're invited to Taiwan post transition, will you accept? You spent the last six months refusing to talk about what I'm going to do after? I don't intend to change that before. All right, let me ask you about President Biden. Do you expect him to stand up to the Chinese Communist Party or sit down because after he's financed by Hollywood and big tech, and they're compromised by the Chinese Communist Party I think the world and that includes the American people will continue to demand that the United States secure Uh, freedom before them on that includes pushing back against the challenge of our time. That is the challenge of the Chinese Communist Party in its capacity and intention. To expand its influence and ultimately deliver. Ah, world that is very different one not governed by the rule of law by respect for sovereignty, of all the things that the world has come to know. The post World War. Two environment. The Chinese Communist Party wants to upend with a very different theory of international relations, one dominated by the East one controlled in a way that won't create more security freedom, more prosperity..
KUGN 590 AM
"chinese communist party" Discussed on KUGN 590 AM
"I want to put that together with your expectation that the Biden administration will watch very carefully about this influence peddling. Is that going to be a dramatic change from The doubts that are expressed in Washington from Trump to Biden. Or we will we see the same language, Josh Well, First of all, we have to see that both parties have a problem with Chinese money inside of politics, and you know they're when if you look at what Hunter Biden and James by then we're doing with what I was thinking. I was being exceedingly diplomatic. Yes. Oh, allow me to be slightly less diplomatic. What they were doing is they were peddling but I didn't even On to enrich themselves with the help of a lot of shady Chinese businessman Now we could you know that separate and apart. You've got the Neil Bush situations that George W. Bush Foundation, which is a mirror image. In other words, both Parties have these families that trade on their names and suck up a lot of corrupt Chinese money. Now, the broader issue that Matt Ponder was talking about was not just sort of like them paying off elites, which is one part of the problem. He's talking about them. Buying institutions, Colleges, pension funds, You know, uh, Silicon Valley companies Venture capital, how they're in our capital markets and on our stock exchanges and these air really huge problems that go well beyond sort of lobbying and driving. And these are things that 2016 when punter started talking about them. Nobody really understood. But now we actually have a lot of public awareness of it. So if you see what's going on with, uh, stock exchanges and Chinese telecom companies right now, if you see what's going on with the attempts to ban What's happened? Tic tac, right. These air now issues were you know the MBA or Disney? Right? There's a lot of public awareness that we've got this problem here. Which is that way, The Chinese Communist Party is not, uh, on Lee trying to repress its own people. They're not on Lee trying toe. Committed genocide against leaguers and shut down democracy in Tibet. And I'm sorry in Hong Kong in tow, repressed people into bed. Although they are doing all of those things. They also want to control how we think and they want to control how we speak. And they do that by pressuring our companies and by buying up our universities, and then they See their aggression, aggressive machine by getting money from our investors and that our investment markets are funding their military and that kind of broader awakening, something that I think is here to stay. Whether or not the Biden administration will actually do something about it. It's too early to tell Matt Matthew Pottenger is the former national deputy national security advisor for the United States. Josh Rogan rotting global opinions for The Washington Post. I'm John Becker, John Baxter Show podcast is always available on iTunes and other.
News Radio 920 AM
"chinese communist party" Discussed on News Radio 920 AM
"Free. Have the priest a year of the lost freedom. In other words, I came to dismantle the value system off the empire. But here's the problem. So religious folk who should be fighting with me get, say, Empire, our income hoots with the empire. It's religious, who are trying to steal money from the Poor and give it to the rich through this terrible tax bill Thistle jacked up theology coming from American pull pits. And then again this This is a guy we know about his extremist past, praising Louis Farrakhan, the Nation of Islam, comparing the Israeli Prime Minister Benjamin Netanyahu to George Wallace. Repeatedly disparaging law enforcement officers, claiming Americans can't serve both God in the military. Wow, and you got the other extremist Jon Ossoff's well. He's now appears to be taking his quits from Congressman Swalwell and from quid pro quo Joe and zero experience Hunter because in a new ad that David Perdue is put out there, exposing some of Assad's troubling ties himself to the Chinese Communist Party member Christine Fang is girlfriend. He doesn't say a word about the nature of the relationship raises money gets in Turns in his office. You got to be kidding me. You know he's on the House Intelligence Committee got to be able to trust him. What did he tell her and win and we have a right to know not because of any period interest of any kind. We just need to know if he's compromised. I already think Joanna Hunter are compromised by China and other places anyway. Listen to the new ad news reports recently uncovered the Jon Ossoff's.