35 Burst results for "Fiat"
Supreme Court Turns Away Bid for DC Voter Representation
"Let's start with the supreme court news. they're not gonna hear a certain case. What does that case. Is it a big deal. Yeah well it's a big deal. Only if you actually care about following the rule of law and the constitution with we all should care about and this is a good thing that the supreme court is still just saying. Sorry democrats no you can't tear up the constitution. Sorry you can't just try to force dc into statehood by judicial fiat so the constitution actually in both article one and article four of the constitution prescribes that It's actually congress that can create states. A you have to go through congress not the judiciary but also this whole thing about challenging for dc statehood on the equal protection basis. What people fail to realize the democrats in particular fail to realize is that the the district was created so that we don't have one state that has so much more power over congress. So you actually have you. Who live in dc and can vote in dc actually have representation of the entire us house of representatives. Not just a couple. So this whole equal protection argument. I think is ridiculous. So the supreme court just by very quickly kind of summarily said nope and a gorsuch and thomas actually said we would even say that we can't hear this as a non justiceable question so they just said we don't even have jurisdiction because it is it. Is the congress the legislative.
Co-Founder of Yield Guild Games Gabby Dizon on Why He Started YGG
"Everybody welcome to another episode of venture stories by village global on here today joined by few special guests. We've gabby dion of g. G and linda shay of skelter linda gabby welcome to the buck s. Thanks for having me expecting us awesome. I'm here joined by mike. Majko's lucas baio at village. Global team lucas. Welcome awesome so maybe as as an introduction gabby one one you for those unfamiliar. Why don't you introduce what is why did he. And what compelled you to start it. Sure so why did you or you'll games is laid to earn gaming guild. So it's a community of gamers that flavius different. Nfc based games similar to axiom. Senate the the give it self Think of a world of work yield exempt up. The guilt itself owns these assets that if we invest in and then we land out these assets to our blair community around the world so that they can play An ebay games and actually earn some money from them and some historical overview about how this category came to be okay so played. The earn is a pretty new phenomenon. I would say just start the last year of been in the blockchain gaming space since early two thousand eighteen and really experimenting long like what what really could be the use case of blockchain games so there have been a lot of discussion on how players having ju- ownership which means that if i haven't nfc. I really own it. There's interoperability but one of the use cases emerged last year is that you could use these. And if these to play a game and win some currency rewards. So these are these are in game rewards. That could be exchanged for For fiat money And that's helped me started the axiom affinity popular lice this Model and it started gaining traction here in my home country. The philippines last year during the early part of a lapdog when people in their royal philippines started Discovered acting started laying as a way to earn money while they were laid off stuck on It's clearly no knowing dumb and it really just up there
US Drone Strike Kills ISIS-K Planner One Day After Kabul Airport Attack
"Pentagon tonight revealed a drone strike has been carried out against the suspected isis k. Planner our pentagon correspondent courtney. Kuby has been following the latest developments. She joins us on the phone right. Now courtney thank you so much. What do we know about how this attack was carried out. So this was a stroke. A strike from a us drone a reaper. It was carried out in nangarhar province which is eastern afghanistan. it's it's east of kabul and along the border with pakistan and it occurred as an individual who is believed according to the us us defense officials believed to have been involved in planning for future attacks. He was driving in a vehicle with an associated an associate they were in an isolated area. According to the official. I spoke with and The strike was carried out in a manner of it was intended to minimize any civilian casualties. Because they weren't an isolated area the department offense and us central command. Do not believe there were any civilian casualties tracking any so again. It's important to point out. this was a strike against isis chorus. On this was the first counter-terror strike that the us has taken that. We know about in afghanistan in some time the last one eight acknowledged was actually in february twenty twenty This strike clearly fiat indirect retaliation for the attack on kabul airport. Yesterday
"fiat" Discussed on The Peter Schiff Show Podcast
"And then the fed had to reverse course they started cutting rates. If you recall they said it was a midcourt correction. They pretended that after the mid course correction they would resume the rate hikes on the road to normalization. I was the only one at the time again who said no. It's not a mid course. Correction that tightening cycle is over the next stop zero and of course that is exactly what happened and not only did they go back to zero but they reversed the quantitative tightening and they went back to quantitative easing and the balance sheet quickly soared beyond the previous peak. And now it's more than double that peak. Well i think this tightening cycle is going to be even shorter and the fed is going to accomplish. Even less i think that they will never even complete the taper. They may start it but they won't complete it. Meaning they'll never get to a point where they stop expanding the balance sheet and at some point they will ramp back up again with a new. Qe program and the rate at which the fed is monetize. The balance sheet in the future will exceed the rate at which kids monetize it now and when it comes to rate hikes. They're never going to happen. I think we're stuck at zero because right now the fed is claiming that the first rate hike is gonna come maybe at the end of two thousand twenty two and they're going to start the normalization process in two thousand twenty three well. The problem is before we get to the end. The twenty twenty two or twenty twenty three. The economy will either already be back in recession or teetering on the verge of recession. Which means those rate hikes aren't going to happen. They're going to be called off by the economic data and so the fed is pretending we're going to get to some kind of promised land that were never going to reach because on the journey something is going to happen and the fed's going to be back at zero or still at zero and increasing quantitative easing to try to fight off the recession or prop up a sagging stock market. Because that's the other thing that can happen between now and the end of twenty twenty two early twenty twenty three is the stock market starts to fall threatening to fall in a bear market territory. The fed can't allow that to happen. They can allow a reverse wealth effect. They've already built a recovery on the foundation of an asset bubble. So they can't let the acid bubble deflate without the recovery deflating. Along with it the key is when are the market's going to figure that out and start ignoring this inflation data and assuming that it's going to force the fed into a tightening mode sooner than later when the data is actually irrelevant. Defend is not going to fight inflation and in reality even tried to fight inflation inflation would win and so increasing and inflation inflation numbers..
Q&A: Is Bitcoin Bad for the Environment?
"I'm thinking about investing in bitcoin. But my sister told me that crypto is bad for the environment. Is that true. But i thought crypto is digital. So how is that possible. I know right. Crypto currency is entirely digital currency. So if it doesn't exist in the physical world how could it be affecting the fiscal world. It's a concept that can totally make your head spin but we have to study ourselves because it's one hundred percent true cryptocurrency is digital. I'm not gonna rock your world and tell you that there is a pot of dougie does coin at the end of the rainbow. The only way you're going to be holding dougie gone in your hands is if you come over to meet my dog coin penny and you can follow her at dougy cohen on instagram. Halfway so even though the currency isn't physical it is made by physical systems. And that's where the environmental impact comes in. Let's double click on bitcoin for a second because it's one of the least efficient cryptocurrencies to manufacture. And it's also been researched. The most thoroughly so there is belenky of data on the effects of its production process and here on money rehab. We do let us some data. So let's talk about how. Bitcoin is made we touched on this in our episode on. Nf teas but i think we're due for a refresher. Bitcoin is created in a process called bitcoin mining. But i promise you. The process of bitcoin mining is not what you might think of when you picture traditional mining when you think of mining you're probably thinking of well a mine with hard hats and caves and canaries but bitcoin mining doesn't happen in a mine. It happens on a computer and this is the interesting part of bitcoin. Anyone can mine. Bitcoin and you can do it from anywhere in the world so long as you have access to a computer that makes bitcoin completely different from government backed currencies like the. Us dollar. nick sherry. Note here if you want to impress your friends. The financial term for government backed currencies is fiat currencies. Okay back to bitcoin mining. Can you imagine if anyone could print dollar bills. Only that but imagine that you could just print dollar bills and do it at home. Without getting out of your. Pj's if this was a thing. I would do it. I wouldn't you so. Why isn't everyone making mining bitcoin.
"fiat" Discussed on Bitcoin Audible
"Center of the bitcoin. Audio verse i. Im guy swan the guy who has read more about bitcoin than anybody else you know. We have got an awesome one today. This one top vote on big on audible dot com slash vote. Thank you for everybody. Who shared their opinion. We've got one from heavily armored clown these heavily-armored clown on the twits and medium. And all things actually you know him from wti happened in one thousand nine hundred ninety one he and been prentice manage that and they are all over the place. There's so many great shows in fact if you go to w. t.f happened in nine hundred seventy one. There's lots of different links to different episodes and podcast and everything that they have been on a. I was on what bitcoin did with him and bin and had a great time of. We got really cool article here. They're always fire on this issue. And this walks us through a bit of monetary history of the united states and it not only reveals not only. Does it kind of walk us through. All of the repetitive credit expansion and debt cycles of the united states. And why these things happened but it also kind of sheds a light on the very idea of the term fiat what it means and how the inevitable problems that arise from the fiat rule of a monastery good How how those. Problems have arisen in the us monetary system over and over throughout its history and how bitcoin may actually be a ray of hope at writing the incentives and putting an end to the.
"fiat" Discussed on The Pomp Podcast
"A little deeper which is about twenty percent of american adults currently owned bitcoin here in the united states. So i'm curious. How do we get to forty percent. How do we get to sixty percent. How do we go. Higher is it. Strictly education is it a regulatory changes. Is it adoption by public facing figures maybe politicians etc. How do you think about that first of all. I really doubt it's twenty percent. I think i saw gallup poll that six percent and i think that's probably more realistic. But yeah i in my mind. I think the way. The bitcoin against an adoption is through number. Go up technology. It's the best advertisement is the value proposition. And i think the more bad monetary policy is the better of an advertisement disrepair one. I think this review is the This really is the best advertisement. I think you know all the work that we're doing on twitter Meaning posting all day is great effort of all the Me warriors out there. But i think realistically The most powerful is the fact that the price goes up. The most powerful mean that you hear about bitcoin and you hear about price and the new hear about a crash. And then you gloat the news like a high it was a one thousand announce now it's two hundred ha ha. What a stupid joke and the next time you hear about it. It's the twenty five thousand and that its maximum in the face and then you start paying attention. I think that's ultimately. I mean you can't buy that kind of marketing. There's just nothing like it. It's called the and proprietary number. Go up. Nobody can copy this. I think that's really what it's gonna take. And i think another one powerful advertisement forbid think is going to be central backed digital currencies. Because it's it's such an enormous concession of frame by the central bank amazing. They're just gone. Oh yeah you guys have better technology but it's fine because we're going to make it better than you so just basically admitted that art technologies better than theirs. And that's just a forcing a lot of people start thinking more about bitcoin. I think when they roll out. These central bankers will currencies which are going to be you know..
"fiat" Discussed on The Pomp Podcast
"Because they don't you could lose your collateral kicked out of your house or whatever it is so It's a risky business. But basically this is. I think this is the lesson of the fiat standard that it puts everybody on a treadmill where you need to be constantly highly stressed at making payments and close to insolvency an highly vulnerable to any kind of shock that can affect your business. Because you can't have savings and you need to.
"fiat" Discussed on The Pomp Podcast
"I can't wait until you get to the end. Anthony pomigliano runs pomp investments. All views of him and the guests on his podcast are shown their opinions and do not reflect opinions of investments. You should not treat any opinion expressed by trump or his guests as specific inducement to make up particular investment or follow a particular strategy but only as an expression of his personal opinion. This podcast is for informational purposes. Only safety how are you. I'm very good. Thank you for having me. No thank you for doing this. Let's just jump right into you've got a new book coming out which is a play on words from the last title. The fiat standard. Tell us kind of one. Why are you writing a second book. I feel like that's not an easy task and then to what what's the book about well. The short answer for wired write the book is that the first one seemed to work and so you know you follow markets. Let's people like the first one you give them more what they like. And it is a play on the title but it's also more than just the play on the title. It's kind of like a play on the whole book in that. I take the way in which i studied that approached the bitcoin standard in which i studied a bitcoin. I apply it to fiat dino so think about if you were trying to explain fiat as if it was a digital currency. How would you explain it. What would the white paper look like. What's the dev team will. Who runs a node. How can you run a node if you think about field in these terms. I think because. Bitcoin is such an advanced form of money and it was designed by very brilliant engineer. And it's been worked on by a lot of brilliant engineers since then. I think it's a great example of everything that you need in order to make a monetary system function and so then you can look at fiat through that lens and you'll get a lot of clarity about how he had actually functions so. That was the motivation for writing. This as i started to think about fiat as another digital currency. And i'm trying to explain understand what it is doing and how it functions it. Actually i found. I found it to be useful as a way of understanding the fiat system. And so when you start thinking about the fiat system most people think of it as to completely diametrically opposed systems right one is transparent decentralized open source programmatic etc and the other is basically the exact opposite. Is that your general. Read on the two systems do you have some sort of Kind of more nuance to the comparison. This there's a lot of the comparison. So i think the perhaps the most powerful tool is when you try and think about how mining works in fiat zone bitcoin. We know that you know the miners solve the proof of work problems and then they get issued new coins in the schedule from coins. They get in gold. We know that you mind. Gold digging into the ground and then refining it but in fiat. If you ask yourself house beyond mind it's a very deep rabbit hole and you start thinking about it and start thinking about the significance in terms of you know who just think about how much of a big deal mining bitcoin is..
What Has Joe Biden Done to Promote Democracy?
"Ahead alarm. I'm also saying this It's good news. Doesn't have to be this way. It doesn't have to be for real. We have the means we just need the will. Will to save and strengthen our democracy. Are you kidding me? Are you kidding me? Mr Executive orders. Mr Fiat. Mr Unity. What a joke. He wants to save our democracy. It's interesting, the worst the worst. The worst who run these various Countries. These autocracies always talk about doing things in the name of the people Democracy. Tell me where has Joe Biden done anything? That promote democracy. Anything. What has he done in his entire damnable life? What has he done? Nothing.
Joe Biden Can't Name Specific Provisions That Led to Voter Suppression
"Joe Biden and his party. Are doing everything humanly possible. To take complete control over the voting system. They don't want Red states Blue states. They don't want competition. And yet They craft the narrative. That they are standing up against the worst threat against this country since the civil war. And so I would ask the people of the New York Slim's in the Washington compost. I would ask that people M s LSD and the constipated news network. Exactly which provisions In any of the Republican passed laws since the end of the pandemic in the last election. Which provisions Is so severe in repressing the vote, particularly of African Americans. That it's akin to the Civil War. Which one is it? I'll go a step further. Where are all the individuals prior to the pandemic when all these laws were changed? Mostly by Fiat from courts. But in order to make it Easier to vote because of the pandemic. Never intended to be permanent. Where are all the people prior to the pandemic, who were denied the right to vote? Who
How the Macro Landscape Is Shaping Bitcoin Markets
"What's going on guys. It is tuesday. June twenty second and today we are talking about how the macro landscape is shaping bitcoin markets but first. Let's start with something completely. Gross this pseudonym creator of bitcoin dot. Org cobra has been ordered by the high court in london to stop hosting the bitcoin. White paper basically craig rights latest delusions of grandeur involve running around trying to sue everyone who has the bitcoin white paper on their website for copyright infringement cobra lost the case basically by default saying quote unfortunately the court rules allowed for me to be pseudonymously. However i couldn't defend myself pseudonymously. So i was put in an impossible situation of losing my privacy or losing the case in a default judgment. It sucks but there's nothing more i could have done really. I think the whole thing is disgusting but kober said it better than i could. So i'll just read his other statement about this all your fiat based assets ultimately secured by the same legal system. That today made it illegal for me to host the bitcoin white paper because a notorious liar swore before a judge that he A system where justice depends on. Who's got the bigger wallet. I don't think you can get a better advertisement of why. Bitcoin is necessary than what happened today. Rules enforced through. Cryptography are far more superior than rules based on whoever can spend hundreds of thousands of dollars in court. Let's move now however to a different topic if you were concerned that the steady push traditional finance into the crypto sphere was drying up. Today's barrage of news should make you feel much much better. We begin our journey in germany. The deutsche boerse group a german exchange operator has spent hundreds of millions of swiss francs to take a two thirds. Majority stake in crypto. Finance a g. Crypto finance is a regulated swiss platform for crypto trading storage and investment and. Here's what they had to say about the deal. Quote digital assets will transform the financial industry there is increasing demand from established financial institutions. Who are looking to become active in this new asset class and want a trusted partner
The Great Western Hashrate Migration Is Real
"If you've been in the space for a while. You can be forgiven for having a bit of a groundhog day. Feeling anytime china bands bitcoin quote unquote more often than not. It's some repeat of some old policy that has a ton of intricacies in practice and doesn't really represent anything new. That's why i was so surprising to many. When a month ago or so. When the vice premier announced bitcoin mining ban it was taken something extremely serious minor started liquidating their holdings to get to fiat to make big moves and the rest of the world paid attention today. I'm reading a piece by the one. And only nick carter written for coin about just how real the shift is. It's called go west. Bitcoin unpacking the great hash rate migration. All signals indicate the greatest shake-up in the geographic makeup of bitcoin mining since the start of the industrial mining era by now it should be cleared the hash rate migration is real. Minors are leaving china for good as of april. Twenty twenty. an estimated sixty five percent of bitcoin cash rate was domiciled in china with confirmed bands across the country. That figure will be far lower twelve months from now. The precise magnitude and scheduled for the westward move is currently unknown but all signals seem to be indicating the greatest shake-up in the geographic makeup of bitcoin mining since the start of the industrial mining era hypotheses for the motivations behind china's moved to eliminate mining abound although no single explanation appear sufficient as of yet one obvious explanation would be designed to meet climate targets and reduce emissions. But this is contradicted by china's continued embrace of coal power. It added three times as much. Twenty twenty as the rest of the world combined and that the crackdown extended to powered regions likes schwann officially justification for the crackdown on bitcoin. Mining and trading behavior announcing the statement issued by the vice premier was to quote resolutely prevent the transmission of individual risk to the social field if the objective is to curb speculation in crypto currency exchanges would be the more obvious targets
El Salvador Announces National Bitcoin Wallet
"Now to the other side of this peak. Twenty twenty one moment el salvador. Well the initial reaction to the el salvador news was jubilation among bitcoin. There have been some questions for international observers particularly those invested in the current fiat system. The concerns around environment crime that you would expect. We're all aired out. Libertarian minded global audiences. Meanwhile took umbrage with the compulsion inherent in the legal tender law. These folks argued in effect that forcing people to accept. Bitcoin was at odds with bitcoin locally. It seemed some people had the same concerns although it was less from. Some deep seated libertarian principles and more from practical questions about how it would actually work. What sort of additional infrastructure or processes it would take and what if someone didn't wanna deal with bitcoin volatility. I think the best way to give you. The flavor of last night's speech to actually use pull quotes as translated by alejandro machado. A honda is a co founder of the open money initiative and has been working on bitcoin and places like venezuela for years so as a particularly good source he tweets as address to the nation thread quote. Bitcoin will be optional. Nobody will receive bitcoin if they don't want it. There's no obligation to express any price in bitcoin. But it's possible to do so. The state will accept bitcoin for payments. If you don't wanna do this don't because currency so there will now be no capital gains taxes on it same as with dollars euros etc now. Article seven the opposition has demonized so much. Every economic agent must accept bitcoin as a means of payment. We can't take this article out of context. You also have to look at article. Eight and fourteen economic agents are obligated to accept bitcoin but not to accept it when a tourist from europe comes into wipes a card he or she will be spending euros but we are charging him dollars. This is what will happen with bitcoin. A tourist pain. Btc and if the merchant wants dollars it will get dollars. The government wallet will have to account one dollars in another and bitcoin the government while it will not use up any data all you need to use. The government wallet is a mobile internet signal.
Aleks Svetski on Bitcoin as Sovereign Money
"Our guys bang bang got ox here with what's going on man. What's up man. How are you No voice left sudden hung into this Were talking shortly after a pretty big news of el salvador about a four day period went from Announcing that they were going to create. Bitcoin is legal tender with nice within el salvador or accepted as legal tender Then they basically put forward a bill. They voted on it. They passed it. It's now legal tender. The president jumps on twitter spaces. He's time all kinds of answering questions. Like super candid Seemed like a pretty open book at some point. Mining comes up. He's like oh well. We've volcano a volcanic energy. That is one hundred percent renewable hundred percent clean zero emission And basically free. Maybe we could use that for mining twenty four hours later. he's literally already drilled. The well in mike seems like he's up to the races. What the hell is going on. Now this is. I mean el salvador. Bitcoin it's like the this space moves so fast it's like two weeks ago. The pope was like we can't use bitcoin two weeks later. We've got a country putting some bitcoin. Like talk me through like from what i understood. It's they're going to so they've made it legal tender people who don't want to hold bitcoin. They can actually sell it back to the government. So the governor's gonna hold bitcoin and give them fiat. Is that right so In all salvador and again this is a over generalization. But there's basically two banks that you're going to hear about your here about the central bank right or or kind of the the state balance sheet the reserves because they technically don't have they don't have their own currency so there's a reserve assets of the government. There's this development bank that is owned by the
Will a US Digital Dollar Protect Privacy?
"What's going on guys. It is tuesday june fifteenth. And today we're talking about a us digital dollar and specifically whether a future digital dollar will preserve privacy center bank digital currencies. Have been one of the key undercurrent of this show for basically as long as i've been doing it as i've said before and i'll say again. Ultimately the breakdown is about shifts in power particularly economic power. The question of central bank digital currencies is absolutely one of power and that question runs on a few dimensions. There is the question of the power balance between states. The best example of this is china whose digital yuan efforts are at least in part an attempt to extend the sphere of influence of their native currency to internationalize the r&b and claim a larger status as a global settlement currency and world reserve asset. Smaller nations are likely to as well looked to digital currencies chess piece and reimagining where they sit importantly this won't always lead them to their own native digital fiat's as we've seen in the case of el salvador there may be compelling reasons to instead look to a non-sovereign non-aligned independent money as well. But there's also a key question of the balance of power within states specifically between state and non-state actors is having the ability to create currencies in the first place. This is a power historically monopolized by the state however private actors sometimes companies more often now. Decentralized networks are taking on that role in an increasingly significant way. It was after all facebook's ill-fated entrance into the cbd's space with its libra announcement that acted like a global starting gun for every government to take seriously the future of their currency as digital and of the global powers. No one took that threat more seriously than china and it wasn't just facebook that they were concerned.
Bitcoin Bull Market May End, Says MRB Partners
"Boutique. Investment research firm rb partners released a report last week. Titled has the crypto fever. Broken the point to a couple of potential reasons first the fut- they know to main dimensions to this environmental concerns and regulatory risks. These are things we've discussed extensively on this show. Environmental concerns have been particularly acute and in the media. I since tesla made their big bitcoin. By and second since ilan walked it back because of environmental reasons regulatory risks fuel frankly more like a forward projection as we'll get into in a moment but the second reason they gave for a potential downturn is a reduction in monetary stimulus. They wrote quote easy. Money has helped fuel the crypto bubble and a slow unwinding of this trend. Globally will become a headwind for the speculative digital asset. Will clemente in palms newsletter. Adds some technical mv to this as well. He writes zooming out. You get this divergence between short and long-term holders based on historic behavior of these cohorts we are either headed into a full-fledged bear market or in a mini bear market similar to the consolidation between the two double pumps but still in a broader bull market at that time there was a similar phenomenon of long-term holders stepping in and doing the heavy lifting while short term holders panicked sold based on metrics looking at the broader cycle. I tend to side more with the ladder. I could be wrong. Interestingly to me this is not just analysis or speculation that we're seeing as well. There's actually some amount of preparation quintas growth story this week called. Dow's prepare for the next crypto winter with treasury diversification. It's basically about how many decentralized autonomous organizations many of whom are funded by. Governance tokens are selling. Some of those governments tokens now to move into fiat denominated stable coins. That could help them weather downturn. Now i remember twenty eighteen really well and frankly teams that manage treasury. Well were often not only able to survive but put themselves in a hugely powerful position relative to their peers. Those that didn't and just hope that their tokens would return to their previous highs tended to perish so i don't think it's silly for these dow's to be starting think in those terms regardless of where we actually are in the cycle.
Fiat Chrysler Recalls Big Ram Trucks; Wheels Could Fall Off
JPMorgan's Bitcoin Journey
"What's going on guys. It is monday april twenty six and today we're talking about j. p. morgan's bitcoin journey from worse than tulips to not my cup of tea to a new client product first. Let's do the brief. I on the brief today. Sports in crypto are definitely coming together in this cycle a couple of years ago. Nfl offensive tackle russell. Kun made a now famous declaration. Pay me in bitcoin. He currently takes half of his thirteen million dollar salary and btc and half in fiat. Kansas city chiefs. Tight end sean. Culkin is taking it to the next level. And we'll be converting the entirety of his twenty twenty one base salary. Nine hundred and twenty thousand dollars into btc. Culkin is going to convert his fiat to bitcoin. Salary conversion service. This is the same service that russell uses and it means that the paychecks are automatically converted which detaches them from market movements and allows coke in his own words to stay focused on the game for their part. The kansas city chiefs are aware but their contract is still denominated in. Us dollars about the deal. Culkin said quote for me it makes sense to get paid in the hardest form of currency. And it's something that's resistant. Inflationary pressures that. I think is very relevant in this current economic environment. That wasn't the only. Nfl crypto news today as the presumptive number one draft pick from later this week. Trevor lawrence announced a sponsorship deal with block folio the bonus of which will be paid entirely incredible out clearly. There is a mainstreaming momentum. Going on all right next up on the brief w is going on in turkey. I've been keeping you posted on everything happening in turkey but it's just gotten crazier on april sixteenth. The central bank announced that crypto would be banned as a means of payment. Effective april thirtieth. Two days later turkish exchange codex went off line on april eighteenth. The ceo of that company has gone missing and there are claims of massive fraud. Sixty two people with ties to the platform have been detained now for people have been detained as part of an investigation into verbal coin. Which is another turkish exchange. But none of this has stopped. Turkish crypto usage. In fact it's gone up sharply.
Is Bitcoin a Chinese Financial Weapon?
"What's going on guys. It is thursday april eight and today we have a juicy one. We're talking about a question. Brought up by peter thiel yesterday. Is bitcoin a chinese financial weapon. So some days. I'll be honest. It's a bit of a struggle figuring out what to dedicate a show to. That's less so in the bull market certainly a little bit more in the bear markets. Other days there's some big news that makes it obvious the most interesting days however are when it's not big news item but a big community discussion that drives the days content so when i saw headlines last night coming out saying that peter thiel a stalwart supporter of bitcoin had said that bitcoin was a weapon of the chinese government and that because of that the us government should be asking more questions about how that works. Oh boy did. I know that this was going to be today's topic. I want to have this conversation in three parts. First i want to look at interpretations of what the actually said second. I want to look at the specific idea of bitcoin as a weapon for the chinese government. And i want to look more broadly at the geopolitical geostrategic battle around the world reserve currency. As i've said innumerable times this is a show about power shifts power so this should be a fun part one. What actually said now i will be honest the parsing and pinching trying to argue what a specific person meant when they said something is actually sort of the least interesting part of this discussion to me much more fascinated in the broader conversation at brings up however there are a lot of people on all sides of this discussion trying to lay claim to the statement itself. So let's look at that first and before we get into interpretations actually listened to what he said from china's point of view. They want to get on. They don't like the us having this reserve currency because it gives us a lot of leverage over iranian oil supply chains and all sorts of things like that they like They don't want the room to become a reserve currency. Because then you have to open your capital count and do all sorts of things that they really don't want to do on the euro you could think of as you know is in part chinese weapon against the dollar didn't last decade hasn't quite worked out that way but that was china we've liked to see to reserve currencies like like the euro and know even though i'm sort of pro crypto pro. Bitcoin maximalist person. I i do wonder whether at this point. Bitcoin is also should also be taught in part of as a chinese of financial weapon against the us. Where it's it is. It threatens fiat money but especially threatens the the us dollar and And china wants to do things to weaken it. So it's sort of china's long bitcoin and perhaps from political perspective The us should be a little bit off some tougher questions about exactly how that works.
President Biden To Take Executive Action On Gun Violence Prevention
"Announce several administrative actions to reduce gun violence as NPR's Tamara Keith reports. Biden was under pressure to act after to mass shootings. Last month, Biden is expected to announce the Justice Department will begin the process of regulating so called ghost guns, weapons kids, They can be purchased without a background check and are hard to trace when used in a crime. President is also expected to nominate former A T F agent and gun safety advocate David Chipman to lead the Bureau of Alcohol, Tobacco, Firearms and Explosives. Ah White House officials said These are first steps and Biden will continue to urge Congress to pass tougher gun laws. Gun Violence prevention advocates are praising the nomination and expected executive actions, while a top congressional Republican called it an attempt to trample Second Amendment rights by executive Fiat. Tamara Keith. NPR NEWS Federal health officials
Tesla Will Accept Bitcoin as Payment, Elon Musk says
"Can now buy a tesla with bitcoin. ceo elon. Musk said in a series of tweets on wednesday that his electric car company will begin accepting the crypto currency as a form of payment money and tech editor brett. Molina has more. He says any bitcoin that is used to purchase. A tesla will be retained as bitcoin and it will be converted to fiat currency which is basically a fancy way of saying that it won't be converted into money that is government issued must also said the option of pay by. Bitcoin will be available this year for consumers who are living outside the us Tesla talked about accepting. Bitcoin is a form of payment in a filing last month with the securities exchange commission. So it's a big deal. It gives bitcoin more legitimacy as it grows into this new form of crypto currency. There are still some concerns though with the adoption of bitcoin although more companies are starting to use it a federal reserve chair. Jerome powell recently warned that the us public needs to understand better. The risks center involved with using crypto currencies. And he compares it more gold. It's not necessarily something that equates to a dollar but it's more like an asset like gold
Stablecoins in the Hot Seat: Powell Calls Bitcoin a Substitute for Gold
"There was an absolute flurry of content and commentary yesterday around the place of bitcoin. Stable coins defy and the digital asset industry as a whole vis-a-vis. Us government regulation as well as how a digital dollar might shake that all up before we get into it. Let's at the terms of the debate. One of the competitors for this cycles top fudd is the government will ban it if it gets sufficiently threatening now to be clear banning depending on your sister could mean anything from an outright ban of use in holding too forceful seizure too limiting access to on and off ramps to the more benign from a commercial standpoint but no less threatening from a privacy standpoint integration of the full crypto infrastructure into the am l. kyc. Money surveillance apparatus. I've spent some time on this show looking into global versions where this fudd seems to be playing out in particular. We've been watching the evolving situation in india and nigeria india which seems gearing up for a bill that would have some sort of outright ban although at least one finance minister says that that's not the case and nigeria. Where the central bank of nigeria. I reiterated that banks should not be working with crypto users which they've then subsequently rolled back just a little bit either way however really what everyone has been focused on is the us particularly in the context of a new administration. The last administration had friends and foes alike when it came to bitcoin and crypto trump. Famously tweeted that he did not like bitcoin or crypto. But we didn't really take that seriously as a threat because it was so clearly about zuckerberg and libra mnuchin was a much bigger enemy. Probably wrote that text for trump's tweet even and clearly wanted to tighten the reins in his final act. He was trying to require exchanges to collect more information. When users transferred crypto to their own wallets on the flip side however there was brian brooks who was absolutely revolutionary at the office of the comptroller of the currency. The changes he oversaw are a huge reason. Why so many big institutions are now playing in this space. Why so many big traditional banks feel like they have to race to catch up to allow people to offer their customers crypto services however as we know from physics every action has a reaction and to some extent one reason why observers are so keenly watching the biden administration is to see how much they're going to respond or try to walk back with brooks in the occ changed on top of that. As the biden administration has come to power the price and volume around bitcoin stable coins and the rest of the digital asset industries have made them much more on ignore -able last time joe biden was in office. Bitcoin is about four hundred and thirty bucks. Now it's been over fifty thousand dollars for sixteen days in a row tether was barely out of diapers now. It has a market supply above forty billion in his doing upwards of one hundred billion dollars in volume per day combined with us dc. And you've got over. Fifty billion dollars of usd approximates there so lot more is at stake with that. People have been watching. Two things has come in and what they're saying on the who has come inside. Janet yellen is back for another round although this time is treasury secretary rather than as he chair gary genzer to is back. Although this time is as he c- chair. Instead of cftc chair of these two there is much more optimism around gessler who has done a pretty fair bit of work to understand where the crypto industry is coming from even teaching a course at mit about bitcoin and blockchain. And of course we have someone who still around in the form. Of jay powell. The federal reserve chairman. His ex factor. And all these discussions is the potential of a central bank digital currency a digital dollar. That could potentially shift the us's relationship with these projects now in terms of what we've seen these actors say so far over the last few months up until now it's been pretty standard fare one part. There's a lot of exciting potential here. One part we have to protect investors though and one part but it's also used by criminals over the last couple of days however we've gotten both comments and news that could shift as into our next phase of understanding what the us is relationship with. Bitcoin stable coins and other digital assets is going to look going forward. So let's talk about powell speaking about cdc's and cryptos at a bank for international settlements panel yesterday. Let's talk about the announcement of digital dollar prototypes coming this summer. And let's talk about new draft fat. If guidelines around cryptocurrencies. I up powell. Did a session yesterday with leaders from the bank for international settlements including augustine carstens. We talked about last week. He was asked about crypto currencies. And whether he saw them as a threat. And here's what he said. We call them crypto assets. You know. they're they're highly volatile. See bitcoin and therefore not real useful as a store of value in there not backed by anything. They're more of an asset for speculation. So they're also not particularly in use as a means of payment. It's more speculative asset. That's it's essentially a substitute for gold rather than for the dollar. And i think with crypto acids the the the public needs to understand the risks. The principle thing is there's the volatility there's also the outsized energy requirements requirement for for mining. And the fact that they're not backed by anything so let's break out these three reasons that he wasn't particularly impressed by cryptos. I this idea of volatility or that. It's just an asset for speculation. Basically he's dismissing bitcoin and any other crypto as something that he does not have to stress about or really factor into his consideration around global monetary competition while many. Bitcoin is grabbed onto the essentially a substitute for gold piece as a great tweet and knocked to the gold bugs. Who they're trying to convert or at least undermined powell was saying this more. Like a giant shooing away. A fly gold is to him clearly. Irrelevant an unimportant antiquated part of the fiat system that he sits at the helm of in that way a substitute for that thing does not present a threat
"fiat" Discussed on Biz Talk Radio
"Bitcoin is a very volatile, volatile product. It should step and it shoots down if you think the market's been volatile lately. Well, you haven't seen anything. If you start investing in pig going you'll know of volatility is, I guess that's why the market hasn't been bothering me lately. I've been so involved with Bitcoin for so many years. Seeing and go from 3500 to 20,000 you gotta rise. August 17 2035 100 Christmas 17 $22,000 That's a pop as a pop. I wish you wouldn't last. But it was obvious evidence and witness last moving that quickly, But we want you to know what's gonna be happening with pickle in on the next segment of the show. We're going to say I guess I do a deeper dive into Bitcoin itself. What is Bitcoin? What is Fiat? What is Bitcoin back by What is the dollar back by What is the fed These air things? A lot of people don't know, but you need to have understanding of what money is. I understand what Bitcoin is, and a lot of people spend money. What people have money. A lot of people save money, but they really don't seem to know what Money is so that's gonna be our first deep dive today into the world of Bitcoin is what is money after you know what money is, then you can see how Bitcoin Comes into boy like you said, not only his Bitcoin kind of Ah money, but it's more of a store value. It's more of a digital goal,.
"fiat" Discussed on Liberty Talk FM
"What kind of noise Like a Rick? What Brakes are grinding. You breaks a grand Polity parts. They'll pull people that's never know how Out of them. It's free Talk live radio that you control calling to talk about anything that's on your mind that hopefully numbers 8554503733 with you in the studio Tonight. It's aria and Mark. We're gonna move on here to a subject that is near to near and dear to both mine and Mark's Horace the prospect of a $500,000 Bitcoin. Or at least Tyler Winkle. Voss here. Is going to make the case for a $500,000 Bitcoin when I mean by that is that He thinks it's possible that Bitcoin can be worth $500,000 per coin. This will be good for us. Well, certainly would be good for it Be good for freedom. Generally, so some of the advantages of crypto currency is that it really empowers the individual. It doesn't you know the reason that you see all these banks? And what does the bank do? Not much, But you got to keep the lights on the power on and all this stuff and you see banks all over town, all kinds of different banks. Why is it that they're able to get away with it and give free checking accounts? It's kind of nefarious is the reasons overdraft fees aren't helping. I mean, they make huge amounts of money off of overdraft pieces, obscene the amount of money they make from overdraft fees, But you're right. They don't really do anything. What they allow you to do. Is, If they give you your their permission. You can transfer some amount of your money somewhere else digitally, and that's what Bitcoin does, and you don't need anyone's permission. So gold and oil have historically been reliable stores of value because they're scarce commodity commodities, they make dependable hedges to the inflation of the Fiat currencies. As a result, they have commended price pay my premiums above and beyond the demand for their consumption alone. So it's important to point out what a Fiat currency is. Ah, Fiat currency is a government created money, so it's created by Fiat, like Fiat fromthe can not necessarily They could declare Bitcoin to be the Fiat currency of the U. S. Of the United States. They could declare that's what it means by decree would decree it right. All the Fiat currencies in the world. All the government currencies in the world are currently created out of thin air. They're backed by nothing or backed by the full faith and credit of the American people or whatever bullcrap, they'll say. But let's let's point out. This is really, really important. Ladies and gentlemen. The, um basically so what? It were a tw $26 trillion.9 trillion dollars worth of debt. Has been created in the United States, not the U. S. Dollar basically has been a ridiculous amount that honestly that number means nothing to anyone. Yeah, But let's say that so overwhelmingly huge that a human being can't even process a number that large. A quarter of the US debt was created in the last year. Yeah. And that's important, right like this. You know, a quarter of the debt that your Children and grandchildren and great grandchildren have to pay off because we're still we're still saddled with debt from You know, I mean, it depends on how you want calculated, but you could go back as faras the Civil war and say that debt still writes most of the debt. Was has been created in my lifetime. I was born in 1971, and most of the debt is from that time frame, but a quarter of the debt. We're currently dealing with 27 Trillion, I think Was created..
"fiat" Discussed on Biz Talk Radio
"But remember Bitcoin. Is a very volatile, volatile product. It shoots up and it shoots down. If you think the market's been volatile lately, well, you haven't seen anything. If you start investing and going, you'll know it Volatilities is, I guess that's why the market hasn't been bothering me lately. I've been so involved with Bitcoin for so many years. Singing Go from 3500 to 20,000. You gotta realize August 17 2035 100 Christmas 17 $22,000. That's a pop. There's a pop I wish or the last But it was obvious and evidence and witness last moving that quickly. But we want you to know what's going to be happening with Bitcoin on the next segment of the show. We're going to say Do a deeper dive into Bitcoin itself. What is Bitcoin? What is Fiat? What is Bitcoin back by? What is the dollar backed by what is the fit these your things? A lot of people don't know. What you need to have understanding of what money is. I understand what Bitcoin is in a lot of people spend money. A lot of people have money. A lot of people save money. But they really don't seem to know what money is. So that's going to be our first deep dive today into the world of Bitcoin is what is money after you know what money is? Then you can see how Bitcoin comes into Play said. Not only is Bitcoin kind of money, but it's more of a store value. It's more of a visual gold, so we'll be.
"fiat" Discussed on WSB-AM
"Than General Motors. Ford Fiat, Chrysler, Mercedes Benz and Volkswagen combined. How does this make any sense at all more to the point? What happens when the federal government eliminates this environmental requirement or what happens when GM Ford Fiat, Chrysler Mercedes Volkswagen Lexus? Toyota all suddenly begin to make electric cars, which all of them say they're going to be doing over the next three years. They won't need to buy the credits from Tesla anymore because they'll be making their own electric vehicles. The lecture vehicles will not only create competition for Tesla's why, by Tesla when you could buy a Jaguar that's electric. It means Tesla will earn less revenue from selling cars because of the competition, and they won't be earning revenue from selling the credits either. Is Tesla a smart investment now at its current valuation? And who were the people who are buying Tesla stock. This is why, with both of these examples of the froth that has bubbled up into the investing world these days, a Mitch the pandemic. Why it is folly. To try to get rich quick. It is absurd to try to buy individual stocks, hoping that you're going to make more money than you would otherwise earned with a diversified long term. Portfolio, and that's the real message for you. I'm not saying Oh, my goodness. Run for the hills. I'm saying, Oh, my goodness. Don't put all of your money into individual stocks on a diversified pool that features Hundreds, even thousands of stocks from all sorts of market sectors and asset classes and maintain that portfolio throughout the crisis. So that you aren't running the risk of getting in on some hot fad, just as it's about to go bad. If you've got questions or dilemmas about your investment strategy, what you ought to be doing with your savings and investments, a bank CD that has matured a 401 K now available to you because you've left the company If you're trying to figure out what to do with the money available to you. Give us a call Triple eight Plan wreck..
"fiat" Discussed on KIRO Radio 97.3 FM
"Than General Motors. Ford Fiat, Chrysler, Mercedes Benz and Volkswagen combined. How does this make any sense at all more to the point? What happens when the federal government eliminates this environmental requirement or what happens when GM Ford Fiat, Chrysler Mercedes Volkswagen Lexus? Toyota all suddenly begin to make electric cars, which all of them say they're going to be doing over the next three years. They won't need to buy the credits from Tesla anymore because they'll be making their own electric vehicles. The lecture vehicles will not only create competition for Tesla's why, by Tesla when you could buy a Jaguar that's electric. It means Tesla will earn less revenue from selling cars because of the competition, and they won't be earning revenue from selling the credits either. Is Tesla a smart investment now at its current valuation? And who were the people who are buying Tesla stock. This is why, with both of these examples of the froth that has bubbled up into the investing world these days, a Mitch League pandemic. Why it is folly. To try to get rich quick. It is absurd to try toe by individual stocks, hoping that you're going to make more money than you would otherwise earned with a diversified long term. Portfolio, and that's the real message for you. I'm not saying Oh, my goodness. Run for the hills. I'm saying, Oh, my goodness. Don't put all of your money into individual stocks on a diversified pool that features Hundreds, even thousands of stocks from all sorts of market sectors and asset classes and maintain that portfolio throughout the crisis. So that you aren't running the risk of getting in on some hot fad, just as it's about to go bad. If you've got questions or dilemmas about your investment strategy, what you ought to be doing with your savings and investments, a bank CD of his matured off 401 k now available to you because you've left the company If you're trying to figure out what to do with the money available to you. Give us a call Triple A plane wreck. There's no reason for you to go this alone. We've gone through every crisis since the crash of.
"fiat" Discussed on AP News
"The automaker sister recalls to to windshield wiper arms that can come loose or prevent the wipers from working properly the recalls for certain 2019 and 2020 ram 1500 pickups 1500 classic pickups in jeep compass SUVs according to documents from the national highway traffic safety administration loose wiper arms can reduce the driver's visibility however fiat Chrysler says it hasn't had any reports of the problem causing accidents or injuries I'm my camp in
"fiat" Discussed on KTLK 1130 AM
"Ford and fiat Chrysler amid a work stoppage over the corona virus outbreak Ford and General Motors and fiat Chrysler suspending production at all north American plants beginning this week I've only around one hundred fifty thousand workers in an effort to deep clean the plants and help prevent the spread of the corona virus following pressure by the U. A. W. Honda Nissan and Toyota also temporarily suspending production in North America Hyundai closed its plant in Alabama after a worker there tested positive for corona virus you Detroit leaders and Ford and General Motors say they're also looking into a possible transition into the production of ventilators Jeff man also fox news president trump says the government is looking into using existing drugs to treat covert nineteen fifty eight mins known to be safe in Europe Japan or other nations are effective against the virus will use that information to protect the health and safety of American people nothing will stand in our way as we pursue any Avenue to find what best works against this horrible virus the president says his administration is also slashing red tape on the development of vaccines and that the first clinical trial the vaccine began earlier this week the Wall Street journal reports the some FDA scientists oppose relaxing the regulations saying experimental drugs could expose patients to unnecessary risks Senate intelligence committee chairman Richard Burr a Republican from North Carolina sold as much as one point seven million dollars in stocks just before the market dropped last month as government health officials began to issue warnings about the effects of the virus the futures turned higher Asian markets mostly higher Wall Street ended mostly higher after.
"fiat" Discussed on KGO 810
"And fiat Chrysler have banned all non essential travel until the end of the month and Google canceled its biggest event of the year and annual developer conference at its headquarters in may the Olympics a Japanese official said it's possible the games could be pushed to the fall or winter but IOC president Thomas Bach dismissed that idea for now the you see remains fully committed to the floor where the success of the Olympic Games Johnstone this Washington coming up on nine till with the midweek edition Robert workman has sports NBA on Tuesday Lakers want the seventy Sixers one twenty one oh seven Anthony Davis leading the way with thirty seven point eighteen of those came in the second quarter he almost outscored Philadelphia by himself as a won the quarter thirty seven nineteen Davis also nabbed thirteen rebounds lebron James twenty two points and fourteen assists leaders of one nine out of ten nets in overtime over the Celtics one twenty nine one twenty caris levert had the hot hand he scored thirty seven points in the fourth quarter and overtime your best fifty one points at all as Brooklyn came back from down twenty one to win and end their four game skid they're still looking through the record books to see if that's the most points ever in the fourth quarter and overtime it's at least the most in the last twenty years Rep doors lock the sons one twenty three one fourteen to stop a three game losing streak thirty three for Pascal Siakam calorie added twenty eight clippers Sylvester thunder one oh nine ninety four Kawhi Leonard had twenty five doc rivers moves into twelfth place all time with nine hundred thirty six coaching wins warriors rock the nuggets one sixteen to one hundred timber will sell off the pelicans one thirty nine one thirty four million Beasley had twenty eight points d'angelo Russell twenty three eight Minnesota players in double figures they win for just the third time in the last twenty two tries king sacked the wizards one thirty three one twenty six blowing a twenty eight point advantage by getting their sixth win in seven games since the all star break Erin fox at thirty one points Bradley Beal thirty five in the loss for DC and the spurs that the hawks one oh four one oh three first coaching win for Tim Duncan filling in while Republic which attended to personal business he says pop can have this job I want a thousand games as a player one of the coaches planning college basketball five ranked teams in action last night four of them went down to defeat number six Kentucky got rocked by Tennessee eighty one seventy three Wildcats led by eleven at the half and by as many as seventeen to John Fulkerson well the vols back with a career high twenty seven points first time Kentucky has led by double digits at halftime and lost since two thousand seven number nine Maryland taken down at Rucker seventy eight sixty seven first on the scarlet knights to beat the Terrapins since nineteen ninety one that was also the last time that Rutgers went to the big dance and they've got a chance now this year number sixteen Michigan state beat number twenty Penn state seventy nine seventy one and number eighteen Iowa lost at home to produce seventy seven sixty eight Tuesday NHL Bruins at the lightning to the one Brad Marchand scored he's got at least a point in ten straight games Boston with the best record in the league blues are the best in the west they got by the Rangers three to one eight straight wins they have ninety points thank once when the senators seven three they snap out of a six game **** Bryan rust with a hat trick Sidney Crosby a goal and two helpers he's got eight hundred career says that seemed like a lot golden knights shut out the devils three nothing robin letter with twenty seven saves Canadian stranded the islanders six to start to build up the maple Leafs five to Oilers get past the storage to one in overtime while with the predators three to one jets blood to the Sabres three one and the Blackhawks blitz the ducks sixty two that's one six four eight seven two curtains for those old style voting booths when American morning returns after these messages look around you it's a wireless world and everyone needs a great pair of wireless ear buds so go with ray cons rae concert at about half the price of any other premium wireless earbuds on the market and they sound just as amazing as other top audio brands you know and ray Khan's latest model the E. twenty fives are their best ones.
"fiat" Discussed on WJR 760
"The merger between fiat Chrysler in the French automaker PSA group merger talks are going well and Mike Manley the CEO of fiat Chrysler says the deal should be done in about a year FCA and PSA will bring together jeep ram and Peugeot it'll be the fourth largest auto maker the two companies agreed to merge in a fifty billion dollar deal in the face of mounting costs of making electric and self driving vehicles while global demand for new vehicles is slowing down an important factor for the new company is which platforms will put their products and how many platforms they need the platform is the base of the vehicle which determines their size and how many versions of tooling assembly lines are needed another important factor is the information came from badly a sign that the fiat Chrysler boss may be in line to be the chief operating officer of the new company decay for W. J. R. news governor Whitman to take part in the state of the union address governor Witmer will deliver the democratic response to president trump's state of the union address which is taking place on February the fourth that announcement was made by speaker Nancy Pelosi and Senate democratic leader Chuck Schumer governor Witmer says she's thrilled to have the opportunity to deliver the response speaker Pelosi says that what more is a forward looking leader who is laser focused on solving problems for everyday Michigan there's and is uniquely qualified to deliver Democrats message of progress for all Americans I met a Landrum W. J. R. news the governor makes the state of the state address next Wednesday night in Lansing well millions prep their tax returns the IRS is warning taxpayers to watch out for goals you want to repair their taxes RG and Johnson has details by law anyone who's paid to prepare or help prepare federal tax returns must have a special ID number they have to put it on the return not signing your return the iris says is a red flag that a ghost prepare maybe looking to make a fast Buck tax officials say a ghost probably won't sign the tax return they prepared they may require payment in cash without a receipt claim fake deductions to boost the size of the refund or direct refunds to their own bank account instead of the taxpayers account I'm Jim Johnson the Superbowl broadcast will drop tens of millions of viewers next week course let it seep Kassebaum says companies are paying top dollars to access the audience the five point six million dollars foxsports received for a thirty second commercial during the big game is a record the commercial space sold out in record time so it's no surprise that Fox Sports is capitalizing on that demand by adding another floating commercial break ad week reports that the additional two and a half minutes of commercials could earn the network another twenty five million dollars and checking WJR sports and pro basketball and that's with the win over the pistons last night one twenty one to one eleven Michigan state will play at Minnesota today tip off at three PM W. G. R. news time six oh five it's time to check the drive.
"fiat" Discussed on KLIF 570 AM
"Fiat parts you couldn't take a doctrine called a Porsche it doesn't fit the mold any now this car started off life with left hand drive got it the second owner converted it to right hand drive the third owner changed it back to left hand drive now that's a lot of work on an original antique it has fiat breaks new rear lights a new steering rack it was originally black one of the owners repainted if turquoise and now it's a silver car they said the party could settle this debate is actually Porsche it's not like the family still isn't there right well guess what everybody's been asking the Porsche family is this car a true Porsche or not and they won't answer there's a Porsche museum by the way and they've been asked to officially comment on the car and they won't there was a second type sixty four built chassis thirty eight forty two believe it or not that one got out of World War two intact and was destroyed by US soldiers they used it for a demolition derby joyriding trip they slice the roof off in order to better enable some vision why they were doing their demolition dirty duty pearl said this is like of being can there just aren't many comforts there there's hardly any power but the lightness and handling becomes immediately apparent but saw fees paid to get the real problem rounds of this vehicle verified and it came back it's not a Porsche and saw.
"fiat" Discussed on KFI AM 640
"Fiat is driving the next hour of music for all unite Shifter's on the road and visit Fiat, USA dot com. Nothing rankles. We more. Well, we shouldn't we should point at who's responsible. You do have to point fingers, and then you have to grab them. Town. Weekdays two to six. Three. From the San Francisco. Coasttocoastam rule wide on the internet? This is coast to coast AM with endpoint. Whatever happened to blues image. It's one hit wonder beds, right kept. Right. Great. So, so, so we're talking with, with a guy who has been. Tracking shipwrecks as.
"fiat" Discussed on Bloomberg Radio New York
"And the markets Fiat Chrysler has abruptly withdrawn its offer to merge with French carmaker Renault, this is after Renault's board on the brink of approving the deal postponed, a decision for the second time the move by Fiat ends deal. That would have created the world's third largest automaker the US and Mexico failed to reach an agreement to avert tariffs on Mexican imports to the US. The threat is aimed at pressuring Mexico to mitigate the flow of migrants from Central America to the United States after the news broke and talked ended without a deal president from said, progress is being made. However, it's not enough earlier in the day, Senate majority leader Mitch McConnell told administration officials the president should delay imposing tariffs on Mexico until he can personally make his argument to Republicans in congress. Crude oil trading further into a bear market, that was after the US government said. Total petroleum stockpiles in the US grew by about twenty two million barrels last week for the biggest increase in nearly thirty years. WTI in the New York session was down three point four percent to fifty one sixty eight right now. We are trading at about that level in the electron accession incidentally, crude oil. This is New York. Crude is down twenty two percent from its April peak. We check markets every fifteen minutes here on Bloomberg gets Memorial Day in South Korea. So no trading in Seoul. Right now in Tokyo. The Nikkei is higher by two tenths of one percent. Although we do have a stronger yen against the dollar here at one hundred twenty five that may be restraining gains in Hong Kong, Hang Seng down one tenth of one percent. Shanghai composite off seven tenths of one percent. And in Sydney, the X two hundred is a head six tenths of one percent. Global news twenty four hours a day on air and a tick tock on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. This is Bloomberg. Federal Reserve Bank of Chicago. President Charles Evans is signaling. He's open to considering an interest rate cut with inflation, too low and trade tensions, causing business uncertainty even though US economic fundamentals are solid and Evans spoke with Bloomberg's Michael Mckee in Chicago think we've been looking at the data. You know, talking to businesses and thinking about how the forecast is evolving. I still think that the fundamentals are solid for the economy. There is uncertainty and you might be wondering if businesses or delaying a little bit more taking stock of, you know, with the international situation. Looks like I think it would be prudent to take a look at, you know are setting monetary policy as we do each and every time. And as I've said. You know earlier little nervous about the low inflation rate. And so, even though we expect it's kind of temporary I think that, that by itself could be a reason for a little bit more accommodation. But I think we're just gonna have to look at how things are evolving cut.