35 Burst results for "House Committees"
What Official Review Did Michael McCaul Conduct on Hamas Warning?
"To point the finger elsewhere as well now here's the deal folks this guy's the chairman of the House committee there's been no formal review there's not been no interviews there's been no no investigation there's been no discussion with the Israeli intelligence we don't know what American intelligence newer didn't know there's been nothing there's been a hearing there's nothing been a briefing and this fool the chairman of the House Foreign Affairs Committee is all over the place saying as the Israelis were warned by the Egyptians warned of what we have three different scenarios let's say they were warned of something and by the way as a practical matter you always get these kinds of warnings we get them in the United States too police departments get them the FBI gets them state troopers get that everybody gets them but that's not the point why would the chairman the Republican chairman of the House Foreign Affairs Committee make such a definitive conclusive statement when absolutely no review has been conducted because he's being played for a fool I've never been impressed by this guy you've probably seen him on TV as a big rhino he's weak not a particularly high IQ you can tell when he talks but man he's all over the place now and why would he say this now when he doesn't have all the facts because he's being played maybe that's why there was a failure of Israeli maybe
A highlight from 1415: Bitcoin Will Soon Hit $500,000 - Winklevoss Twins
"Welcome everybody to Crypto News Alerts, the number one daily Bitcoin pod. In today's show, I'll be breaking down the latest Bitcoin technical analysis as Bitcoin recaptures $27 ,000 and quoting Max Keiser, the high priest of Bitcoin, Bitcoin is the North Star guiding to the only safe haven asset in the world that protects against inflation, confiscation and censorship preach. Also in today's show, Ethereum futures ETFs can start trading as early as next week. According to top Bloomberg analysts, we'll also be discussing the SEC pushing back the deadline for spot Bitcoin ETF apps, definitely not a good look. And speaking of ETF apps, I'm also going to be sharing the five highlights of Gary Gensler's evasive testimony before Congress quoting Senator Warren Davidson. Gary Gensler's tenure at the SEC highlights two key problems. Number one, Gary Gensler's problem and number two, the SEC's structural problem. That's why I introduced the SEC Stabilization Act to fire Gary Gensler and restructure the SEC. Let's freaking go. Also in today's show, crypto analyst Michal van de Poppe predicts a very positive quarter four for 2023. I'll be sharing his targets in which he outlines. We're also going to be discussing the SEC's inaction on the spot Bitcoin ETF is a complete and utter disaster, according to the Winklevoss twins. And speaking of the Winklevoss twins, I'm also going to be sharing with you their $500 ,000 Bitcoin price prediction, which they say is coming soon. 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. This is pod episode number 1415. I'm your host JV. Today is September 28, 2023 and Bitcoin is finally back above 27 ,000 as we're pumping right when I hit the live button. We're currently above 27 ,100 up over 300 % today and we continue climbing. Welcome everyone in the live chat. I gracefully appreciate y 'all. Yeah, who knows? Maybe we'll hit 28 ,000 by the time today's live stream is over. Let's see. And make sure to let me know where you're tuning in from in that live chat as I'll be giving everyone a shout out towards the end of the show. And with that being shared, fam, now let's dive into today's market watch. As you can see here, every major crypto back in the green. Bitcoin above 27 G's. We got Ether up three and a half percent trading at $1 ,655 BNB, XRP, Cardano, you name it. And checking out coinmarketcap .com, we're currently sitting above $1 .07 trillion with about $26 billion in volume in the past 24 hours, Bitcoin dominance at 49 .1 % and even the Ether dominance on the rise today at 18 .5 % and checking out the top 100 crypto gainers of the past 24 hours, holy moly, compound up 20 % trading under 49 bucks, followed by Thor chain up 13 % trading at $1 .94, followed by Lido Dow up 8 % trading at $1 .59 and checking out the top 100 crypto gainers of the past week, massive gains, which we love to see, especially after a pretty bearish altcoin season to say the least. We got CompLead in the pack here as well up 20 % and Rune up 13 .4 % and RLB up 13 % and checking out the crypto greed and fear index, we're currently rated a 46 in fear yesterday at 44 last week, a 47 and last month, a 39 in fear. So there you have it, fam. How many of you are currently bullish on Bitcoin and how many of you took advantage of the recent dip? If so, let me know. It's good to see we pump in once again. So hopefully those positions are now in the green. Now let's break down today's Bitcoin technical analysis, check out the charts and why specifically the market is pumping right now. Here we go. Let's get it. Bitcoin hit new weekly highs after the September 28th Wall Street open as markets awaited fresh cues from the US Federal Reserve. And here you can see in the Bitcoin one hour Campbell chart, pretty freaking bullish to say the least. Data from Cointelegraph and TradingView showed Bitcoin price strength staging a comeback, having delivered what some referred to as a classic pump and dump 24 hours prior during the performance. Bitcoin hit a high of 26 .8, which appeared on Bitstamp as a result of 2 % daily gains before Bitcoin retraced all of its progress, then a slower grind higher than took hold with the bulls edging closer to 27 ,000, which we finally just recaptured here a few moments ago. Now GDP for quarter two grew by 1 .7 % year on year below the projected 2%, while the PCE index data for August came in in line with the expectations, quoting analyst Keith Allen, bring on the volatility. Now meanwhile, data from Binance's order book uploaded by Allen showed little by way of resistance standing in the way of the spot price under the 27 ,000 mark. So as you can see, just more bullishness for the king crypto, the macro data constituted just the prelude of the day's main event. Meanwhile, Jerome Powell, the chairman of the Federal Reserve due to the comment later on today, Powell, whose recent words failed to deliver noticeable volatility to the crypto markets was due to speak at the Fed's conversation with the chairman, a teacher town hall meeting event in Washington DC at 4 p .m. Eastern today. Now commenting on the state of play on Bitcoin markets, popular trader Dan crypto trades was a little more optimistic around the strength of the day's move compared to yesterday, September 27th, quoting him here back to yesterday's highs, but with considerably less open interests. No doubt there is longs chase in here, but it is less frothy than it was yesterday. Would still like to see longs chill out and not get to a full retrace later on. So there you have it. Let me know if you agree or disagree with the analysts. Meanwhile, quoting another analyst, right, capital Bitcoin is right back at the bull market support band cluster of moving averages, challenging to break out beyond them. Let's freaking go. Now, elsewhere in the day's analysis, he acknowledged that 29 ,000 could make a reappearance and still form a part of a broader come down for BTC. As he shares here, it's important to remember the Bitcoin could technically rally even as high as 29 ,000 to form a new lower high, which would be phase A and B. He explained alongside this chart. So there you have it. Let me know if you are currently more bullish or bearish on the King crypto and quoting the high priest of Bitcoin, Max Kaiser, Bitcoin is the North star guiding to the only safe haven asset in the world that protects against inflation confiscation and censorship preach. Now welcome to y 'all just joining us in today's podcast. As always, I appreciate everyone's daily support and means the world. And now let's discuss our next story of the day as Bitcoin continues to pump, shall we? We're going to be discussing the Ethereum futures ETFs, which can get approval. They say potentially as early as next week. So let's break this one down, shall we? Ether futures ETFs could start trading for the first time in the United States as early as next week. According to top Bloomberg analysts on September 28th, which is today, Bloomberg intelligence analyst, James Safart said in an ex post, it was looking like the sec is going to let a bunch of Ethereum futures ETFs go next week. Potentially. His comments were in response to fellow ETF analyst, Eric Balchunes, who said he was hearing that the U S SCC wanted to accelerate the launch of Ethereum future ETFs quitting him here. They want it off their plate before the shutdown, he said, adding that he's heard various filers updates on their documents by Friday afternoon so they can start trading as early as Tuesday next week. As outlined here on X. Now the U S S government's expected to shut down at 1201 a .m. Eastern on October 1st. If Congress fails to agree on or provide funding for the new fiscal year, which is expected to impact the country's financial regulators amongst federal agencies. Now neither specified their sources for the latest update on the long list of crypto ETFs in the queue. There are currently 15 ether futures ETFs from nine issuers currently awaiting approval. According to the analysts in a September 27th note, which is yesterday, companies proposing an Ethereum futures or hybrid ETF product include VanEck pro shares, grayscale volatility shares bitwise direction, as well as round Hill. The analysts gave ether future ETFs a 90 % chance of launching in October with Valkyrie's ether exposure on October 3rd, quoting them here. We expect pure Ethereum futures ETFs to start trading the following week, thanks to volatility shares actions. However, we don't expect all of them to launch. So do note that now as previously reported that ether futures ETFs may be approved in October causing the 11 % spike in ether prices and probably why the Ethereum dominance is up as it's been stagnant and down for quite some time. Ether prices are on the gain, currently just under $1 ,700 and we'll see how high we continue to pump, but do note crypto future products aren't as hotly as anticipated as their spot based alternatives. There are already been Bitcoin futures ETFs approved in the United States since 2021, which is a fact, which leads us to the million dollar question. Why have they approved a futures ETFs, but continue to deny and delay all the spot ETFs? We're going to be getting to that a little later as I share with you the highlights from Congress pressing the chairman of the SEC, Gary Gensler. It's going to get very interesting here in a little bit, but now let's dive a little deeper and discuss specifically the spot Bitcoin ETFs and what is happening and why they're being pushed back and the latest updates of where we're currently at. So here we go and welcome y 'all just tuning in. Make sure to smash that like fam. The US SEC has delayed deciding whether to approve or disapprove spot Ether ETFs. And like I said, we're going to be getting in October potentially get some approvals, but in separate notices filed September 27th, the SEC said it would designate a longer period on whether to approve or disapprove these proposed changes. The commission finds it inappropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised there within. The delay came the same day as the NASDAQ market filed the proposed rule change with the SEC for listing its mix ETH basically ETF, a combination of Ether holdings and futures contracts and also proposed rule changes with the New York Stock Exchange, ARCA for the Grayscale Ethereum Futures Trust, hashtag Bitcoin Futures ETF and the CBOE BXE exchange for the Franklin Bitcoin ETF were all filed. September 27th, that's right. If you're not familiar with Franklin Templeton, there are one and a half trillion dollar asset manager. They're also applying for an ETF. Now the SEC announced September 26th, it would designate a longer period to decide on these spot ETF applications. And as James Safart shares here, here's VanEx delay as expected. So another one, I mean, exactly what we were expecting from the SEC. Now in August, ARK investment manager, founder and CEO Kathy Wood speculated that should the SEC move forward with the spot ETF approvals, it would allow multiple listings simultaneously to avoid giving any single company an advantage over another in the market. Her remarks came before Grayscale Investments won a court battle with the SEC over its spot Bitcoin ETF app, which will likely be reviewed in which they're trying to turn their GBTC product into a spot ETF. So hopefully it happens. To date, the SEC has never approved the spot crypto ETF in the United States, but has allowed the listing of crypto linked futures ETFs and a leveraged Bitcoin futures ETF. Manipulation, fam. The next deadlines for the spot crypto ETF apps from firms, which include the largest asset manager in the world, BlackRock, Wisdom Tree, Invesco, Galaxy, Valkyrie, Bitwise and Fidelity are all scheduled for October. So we'll see how this is likely to play out considering October is now only three days away. Are we going to get some ETF approvals by then? Who knows? I think more than likely they're going to push it back again. However, Congress right now is pressing Gary Gensler to approve a spot Bitcoin ETF and ETPs immediately. So now let's break this down. If you missed Gensler, he was pressed by Congress just yesterday. And I know it's on everyone's mind. So let's break down some of the highlights from this recent hearing with Congress and the chairman of the SEC, Gary Gensler. Let's break it down, shall we? Here we go. Blame for kneecapping capital markets in the U .S. and slam for dodging questions around Bitcoin and Pokemon cards. SEC chair Gensler appears to have had one hell of a grilling from Congress this week. September 27th, the U .S. SEC chief again found himself in front of lawmakers in a scheduled hearing to discuss his agency's oversight of the markets. Here are some of the highlights. First and foremost, you are the Tonya Harding of security regulations. We should create a Gary Gensler diss track, right? One of the more colorful analogies came from U .S. Representative Andy Barr, who accused Gensler of kneecapping the U .S. capital markets with regulatory red tape. Barr referred to the old testimony from Gensler where Gensler argued that the U .S. is the largest, most sophisticated and innovative capital market in the world and that shouldn't have been taken for granted as even gold medalists must keep training. With all due respect, Mr. Chairman, if the U .S. capital markets are gold medalists, you are the Tonya Harding of securities regulations. Ouch. You are kneecapping the U .S. capital markets with an avalanche of red tape coming out of your commission. Preach. Barr is presumably referring to a scandal where U .S. ice skater Tonya Harding, I'm sure you all remember the story, I was a kid when this happened, and an assailant to attack her rival Nancy Kerrigan in the lead up to the 94 U .S. Figure Skating Championships and Winter Olympics. Kerrigan ended up not competing in the U .S. Championships and here is John Dickens who shared it here. Mr. Barr to Gensler, it's hilarious, you gotta watch these clips for yourself if you haven't seen them. So the next highlight, I wish the Biden administration would say, you are fired. That's right, shout out to Warren Davidson who also ripped into Gensler saying he hoped that the Biden administration would fire him. Powerful words. Davidson accused Gensler of pushing a woke political and social agenda and abusing his role as the SEC chairman. Preach. Massive shout out to the senators here doing their job. Damn good job. The U .S. Representative added that he hopes that the SEC Stabilization Act he introduced with fellow representative Tom Emmer could make it happen. Quoting him here, you're making the case for this bill, which is the SEC Stabilization Act. Every day you're acting as a chairman, he concluded, and Gensler wasn't even given a chance to respond. Now next highlight, Gensler reiterates Bitcoin isn't a security. That's right. When asked by U .S. House Committee Financial Services Chair Patrick McHenry whether Bitcoin is a security, Gensler eventually relented stating the Bitcoin didn't meet the Howie test. Quoting him here, it does not meet the Howie test, which is the law of the land. Then McHenry suggested Bitcoin must be a commodity, which Gensler avoided answering. Mr. No Clarity Gary, hence how he got the nickname, saying the test for that is outside the scope of U .S. security laws. Mr. Gensler, we're living in a clown world with this guy. Henry also suggested that Gensler try to choke off the digital asset ecosystem facts and refuse to be transparent with Congress about the SEC's connections with the FTX and former CEO SBF facts. Gensler also wasn't given the chance to respond to the claims made by McHenry. Next highlight, are Pokemon trading card securities? Gensler says it depends. Can't make this stuff up. Quoting Representative Richie Torres, I cross -examine SEC Chair Gensler about the term investment contract, which is key to determining his authority over crypto. Gensler struggled to answer basic questions like whether an investment contract requires a contract. His evasions are defeating and damning. Suppose I was to purchase Pokemon card. Would you constitute a security for this transaction? Gensler responded, well, I don't know the context before eventually concluding it isn't a security if you purchased it in a store. And then Torres asked if I were to purchase a tokenized Pokemon card on a digital exchange via the blockchain. Is that then a transaction? And then Mr. No Clarity Gary said, I'd have to know more because I don't know anything. Yeah, you can't make this stuff up. Gensler then explained to it when it's investing the public can anticipate profits based upon the efforts of others. Then the core of the Howie test, which it is, Torres called Gensler's evasions as damning to say the least. And the next highlight, a sign of defiance. Meanwhile, amongst the back and forth cross examinations between Gensler and representatives, the eagle eyed observers noticed a Coinbase stand with crypto logo behind the SEC chairman. Isn't that interesting? The Coinbase led initiative is a 14 month long campaign that launched back in August aiming to push crypto legislation in the United States. Coinbase also ran a stand with crypto day, which took place in Washington, D .C. September 27th to advocate for better cryptocurrency innovation and policy. So again, shout out to Warren Davidson, Tom Emmer, all the senators for holding Gary Gensler accountable. Hopefully they do something about it. What's your thoughts, fam? Do you think Gary is likely to listen to them and follow their instructions and approve a Bitcoin ETF immediately? Or do you think he'll continue kicking the can down the road as long as possible until he leaves his position as the chairman of the SEC? Let me know your honest thoughts in the comments right down below. Now let's break down the latest prediction coming from crypto analyst Michael Vanay Pop for some price actions for Bitcoin for the fourth quarter, which we are currently in for 2023. Then we'll break down the latest from the Winklevoss twins and their five hundred thousand dollar Bitcoin price action as the price action of Bitcoin continues to pump, baby. Let's go. Here we go. Let's break this baby down. Crypto trader Michael Vanay Pop is expressing bullish sentiment on Bitcoin in the coming months. Despite the recent struggles in a new video, he says that Bitcoin is on the cusp of reaching levels that offer accumulation opportunities per inch. According to the analyst, the trader Bitcoin could subsequently start an uptrend. Ultimately, Bitcoin is into an area of consolidation here, which makes it very likely we're going to have to retest here at twenty five, six and twenty five eight. If we are having a recess in that region, then there is this zone where I want to start buying my entries because of the recess, which is the ultimate recess. And if we're not going to get that, the flip to twenty six thousand five hundred, that is going to be the area where I think I want to activate my positions as well. And then we can start targeting twenty eight thousand. And then we can also start targeting the higher numbers, thirty thousand dollars plus or even more in the projection of quarter four. That is going to be very positive overall. Let me know if you agree that we'll have an overall positive quarter as we about to enter October. Let's go. Vanay Pop also says Bitcoin's current price action is similar to what was witnessed in the prior pre halving year, quitting him again. As long as we stay above the 200 week exponential moving average, we most likely are going to continue to the upside. And it starts to be very comparable to the period that we witnessed in 2015 and 2016. In this case, we needed it, but we started to consolidate and start to trend up afterwards. It is very likely to this period to slowly but surely the price starts to crawl up. And then we are going to have a case of the upside in the markets overall. And to watch this video analysis, the analyst did check the show notes below the video in the description. It's entitled Bitcoin price. I am looking to buy. So there you have it. And let me know if you agree or disagree with the analysts and are you currently bullish on the King crypto or do you think we're going to dip and test the lower levels? Let me know your honest thoughts, fam. And now let's break down our next story of the day. And the Winklevoss twins on the spot, Bitcoin ETF continuously being basically denied and kicked back and pushed back for the past decade. And then we're going to dive into their half a million dollar Bitcoin price prediction and why they're so confident that the Bitcoin price is going to hit their big target. So here we go. Let's discuss them with the SEC first. This was a story which was, let's see when their tweet was actually, let's scroll down. This is Cameron Winklevoss. This was actually on July 1st, it got 1 .1 million views. Now let me read the tweet. Today marks 10 years since Tyler and I filed for the first spot Bitcoin ETF. That's right. Over a decade ago, the SEC governor's refusal to approve these products for a decade has been a complete and utter disaster for US investors and demonstrates how the SEC is a failed regulator. Here's why. They protected investors from the best performing asset of the last decade. They pushed investors into toxic products like the Grayscale Bitcoin Trust, GBTC, which trades at a massive discount to NAV and charges astronomical fees. They pushed spot Bitcoin activity offshore to unlicensed and unregulated venues. They pushed investors into the arms of FTX, subjecting them to one of the largest financial frauds in modern history. Preach. Maybe the SEC will reflect on its dismal record and instead of overstepping a statutory power and trying to act like a gatekeeper of economic life, it'll focus on fulfilling its mandate of investor protection, fostering fair and orderly markets and facilitating capital formation. This would have led to much better outcomes for US investors. Preach. In the meantime, best of luck to all those fighting the good fight to bring the US spot Bitcoin ETFs to life onwards. So much respect. I mean, 10 years of denying this ETF. I mean, you can't make this stuff up. I think they shared perfectly some of the reasoning. It's to hurt the investors and keep you poor and keep you wrecked and keep you desolate and dependent upon a broken government that threw us overboard so frickin long ago. So much respect to the Winklevoss twins. If you didn't know, they're the owners of the Gemini exchange and they were the very first ever to submit the spot Bitcoin ETF app to the SEC over a decade ago. And obviously they're sick and tired of Gary Gensler, his no clarity and his shenanigans. Just like the rest of us, it's time to fire Gensler. If you think Gensler should be investigated and potentially fired, let me know in the comments right down below and I'll be reading your comments out loud here in a little bit. Now for our breaking story of the day, let's discuss the Winklevoss twins and their case for a $500 ,000 Bitcoin price, which they believe is coming soon. So let's break this down, shall we? And welcome to y 'all just joining us in the live chat. Much love and much respect. So here we go. Winklevoss twins' prediction, Bitcoin will soon hit $500 ,000 per coin. And why? And again, shout out to Tyler and Cameron. Let's get, we already know their background, early Bitcoin investors, OGs, early investors as well with Facebook. Some claim that they're the real creators of Facebook and Zuckerberg stole it. But nonetheless, in a recent interview with the National News, the twins explained they remain convinced of the future of crypto. The main reason is the revolutionary and technical properties as well as the potential of Bitcoin to act as a store of value similar to gold. And in addition, crypto has many other advantages, mainly through programmability. Hence, the Winklevoss brothers believe that Bitcoin could even replace the precious metal. In the long term, Tyler Winklevoss shared the following. If you look at the properties that make gold valuable, Bitcoin matches each attribute or does better. The gold disruption story of Bitcoin is super powerful. We believe in it. Tyler Winklevoss explained his reasoning for the $500 ,000 Bitcoin price action, quitting him here. If you do the math, 21 million in the supply of Bitcoin, the market cap of gold, let's say it's 10 trillion, maybe it's 11 trillion, somewhere in that ballpark, that puts one Bitcoin if it disrupts gold and gets that market cap at $500 ,000 per coin. The two brothers did not want to give specific investment tips. However, Cameron reveals the strategy that they use, which is generally the simplest, which is simply HODL. Hold on for dear life, quitting him here. Generally speaking, if you subscribe to Bitcoin being a store of value type investment, then that strategy is HODL. The same way you would HODL gold is you buy and HODL long term investments. So according to the Winklevoss twins predicting the Bitcoin price will hit $500 ,000, they say predictions are difficult, but they believe that Bitcoin will hit the milestone within a decade. And when they were more recently interviewed and asked, where do you see Bitcoin in five years time? Here's what Cameron Winklevoss responded. We usually take a decade view on it. When we wrote a piece on the value that predicted it being $500 ,000 Bitcoin, we said within the decade. And I believe they wrote that in 2020. So they're basically saying by the year 2030, they're anticipating a $500 ,000 plus Bitcoin price with Bitcoin overtaking that of gold as far as the market cap. Now is that in three years from now or nine years? The timing part is hard, but I think the Bitcoin created $1 trillion worth of value in under a decade. That is fact. I believe back in November of 2021, Bitcoin's market cap surpassed a trillion dollar milestone and the total crypto market cap surpassed $3 trillion. But as of today, we're closer to a $500 billion Bitcoin market cap with the entire crypto market cap down to a trillion. Now, it also spawned many huge productions such as Ethereum and the entire asset class. He continues. If you look at the value increases in Bitcoin, it is this punctuated equilibrium where it is steady, steady, steady, and then boom, it reaches a new price level. This is the new normal. So it can happen very quickly. So there you have it, fam. Ultimately saying when Bitcoin takes off, it explodes quick and vast. And especially considering that two of the most bullish catalysts in Bitcoin history were on the cusp of. Six months away from a Bitcoin halving, we all know the Bitcoin cycles every four years, it drives the Bitcoin price up as it increases the scarcity as well as increase demand, basic stock to flow, numbers must go up. And we also have the approval of a Bitcoin ETF likely to take place in 2024, especially with Congress on Gensler's. But we also have the ETF experts such as Eric Balchunes given a 95 % chance probability that a spot Bitcoin ETF likely get approved in 2024. Those two catalysts will absolutely make Bitcoin rip to new all time highs entering price discovery mode like we have never seen before. So how high do you think the Bitcoin price will likely climb by the time of this next halving? Roughly six months out, scheduled to take place sometime in April of next year. Let me know your thoughts in the comments right down below. 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.
Don Trump Jr.: How Intelligence Committees React to Trump Versus Biden News
"Whatsoever but i read this morning i've read the house oversight committee bombshell about the payments and i put your name in there and at the payments reset tomorrow lago and i pretend and it is real i mean you you've got to be thinking yourself you know if that was you you would you'd seriously i mean you'd be tarred and feathered right now they'd be coming to your house with hot tar well a hundred percent i mean this time into my father's presidency dan i had done 50 hours before the house intelligence committee the house committee the senate intelligence committee for treason for treason just so we understand that's a crime punishable by death okay under biden with millions and money flowing and pictures and joe didn't know any of them yet he happens to be playing golf with them every other weekend the emails and wire transfers and i mean you know the diary i mean it goes on and on and i'm like man if imagine if one of those things was donald trump like we'd all be in getmo uh and it's like you know wow we're gonna go after trump because he believes that one of the nicest assets in the world is worth more than a judge in new york
"house committees" Discussed on Simply Bitcoin
"Absolutely love it. Great score. Great score, Scott. Good thing. This is the end of the show. So you don't have to sit there in a wet shirt. And on that note, guys, we are also plugging our merch here or wine would yell at me. Scan the QR code, go support the show, support Scott as well, guys. This is about, you know, giving you guys stuff that you want and so that we can keep doing what we're doing. You know, education is an uphill battle in regards to showing up every single day and having the fun. So this is why we're trying to give you guys some merch, give you guys some value in return and not just give you guys a show, but try to get paid. You know, we're going to double down on the Ayn Rand selfishness gene today. Pay us. No, no, no. I'm just joking. All right. Meme review scores over here. Let's see. I have a few. Nico's not here, so maybe I will hit the horn after every single one. Actually, no, no. You guys tell me if you like that. If you like the horn after every single one over here, or is it obnoxious? I don't know. I kind of like being obnoxious sometimes. All right. Anyways, anyways, I'm ranting to myself. All right. First score is by Tom Redeye and he goes, I give those memes 21 soft shell crabs. Yes. Crabby crabby market. Hit the horns, dude. Fuck it. All right. All right. We're going to hit the horns. 21 soft shell crabs. Okay. The P-man man. I give these memes Maxine Waters incoming old folks home with a view of the Bitcoin city. Okay. This next one is Elaine Lowell and it goes score. Homeschool becomes the number one school. Smart kids secure our Bitcoin future. Critical thinking is cool. Let's go. Okay. Let's see. Can I read these? Yeah. Memes score by BTC is truth. An army of mini optis propagating the memes on the front lines of the information war stacking sets while awakening the masses. Let's go. This is what I'm talking about. Okay. Next one is by Dr. Serge 9,000 and goes meme review score. Scott teaching huddle up to grandparents playing with grandchildren at home. Oh, nice. Let's go. Hold on. Okay. I am trying to make sure that I don't read anything bad here, but I think we're good. McLovin meme score up the cracks and hijacked mainstream news networks of the entire world and screamed at people to adopt Bitcoin. Let's go. Okay. Opti's physically armed army of memers. AKA my children score addicting my baboon to Bitcoin games to earn sats makes child lib. Oh man. Okay. Uh, this one, I guess is all right. John plebs score a dead bluebird. Okay. Okay. All right. A little dark, but anyway, sat wise janked. I give these memes one coin to rule them all. Let's go. Uh, a few more, a few more. Uh, our can save one, two, two, two, two score 21 pairs of Nico's blue blockers, but are they all different colored? That's the, that's the important one. Apparently people love the blue blockers. Okay. Rave elevator. This I score the memes, the movie children of men. I watched again yesterday. Okay. Let's see. Okay. I don't think I can read that one. Canada. Okay. Okay. Uh, okay. Let's see. Last, last one. No, one more. No. Yeah. Last, last one. UTXO. I give the memes a shirt soaked in boot. What? I don't know what that acid is. I have literally no clue what that means. I might've read something bad anyways. There's a few more in there, but I can't read those guys. You guys are, you guys are savages. Okay. Okay. Anyways, we love you guys. Appreciate you guys. Great show. Uh, Mike, you guys know Mike. He's on the show constantly with me. Uh, Mike, what, uh, what are you working on? What can you plug? What do you want to, what do you want to tell the people last words? Um, the, a couple of things I can plug are, I have an article that Shinobi is working through right now. Um, for those of you guys that don't know, Shinobi took on a position at Bitcoin magazine as an editor. I don't know if it's higher than that. Shinobi, if you have a higher position than that, I apologize, but I also don't care. Um, but so, so he's working through an article that I put together that's relatively long. It's like 3,200 words. So you have to give him time to work through it. But it's talking about the expansion of, uh, infrastructure, energy generation, infrastructure and power distribution infrastructure within a national economy and the value that that has and how much it's not being, like not being considered in GDP numbers or anything. And then the importance of Bitcoin mining to propagating that infrastructure expansion to be able to actually increase GDP output. So you guys can look for that. It sounds super boring. I promise you will probably, you will probably enjoy it. Um, and then we're also working on the backs on the backside of getting, um, merch up and running for Bitcoin veterans. So Scott, I'm going to be hitting you up to figure out what you used for those shirts, because you guys know, I like to work out and I want to be able to rep that kind of shit. So I'm going to buy some of those shirts for you, but then you can get them now. They're these are available right now on our website and we're coming out with some more designs. And if, if you want to team together and maybe we do something for Bitcoin vets or something or simply, uh, let's, let's come up with some fun stuff. We can talk later. Yep. Love it. Love it. Uh, actually I'm, I'm trying to look for a comment in here, but it might be too high. Uh, it was by big Sean Harris and I think it's fitting. He said, Mike is the, uh, the ultimate think boy nerd. So what up nerd? Where I wear that badge with pride. I call everybody nerds, but I love being a nerd. Mike was telling me about that article before the show and I'm like, dude, I literally don't even think I know what you just said, but, uh, I'm, I'm glad Scott understood it. Okay. Anyways, I don't understand stuff. I go to bit, I go to bit devs all the times and I don't understand anything that they're saying. I just kind of hope every once in a while, like a word or two will sink in. So it's the same thing. I'll read his article and I'm like, maybe one or two things we'll get in. It's like that one. Um, that one meme of the like little Chinese kid, who's just like reading the books, just like, all right, Mike, hang out in spaces and, uh, we'll, we'll continue this conversation. Anyways, Scott, really appreciate you coming on. Uh, you as well come hang out with us in spaces and let's keep this combo going. Cause I'm sure we can have this. We could probably talk about this for a long, long time. But on that note, uh, Scott, what do you want to plug? What's uh, what are you working on next? I'm working on a lightning game. I'm working on finishing up the final touches on that, uh, 2024 deluxe edition. That's, uh, the one we mentioned earlier, 21% off obviously working on the, um, the, the new podcast. And what I really love to do, and I wanted to do this with you guys down in Miami is I'd like to challenge you guys to a game of huddle up. Oh, okay. Let's let's let that's, that would be fantastic. I know you can, you get, uh, get some, some other folks together. Let's go, let's go someplace and let's, let's have a couple of whatever your favorite beverage are. And, um, let's play huddle up. I tried to get you guys in Miami. You guys were too busy with touching tips and other things. Okay. You know what? I'll get them later. You know, uh, but that would be really cool. Yeah. So if people could support, uh, check out our, the, the new podcast, let us know what you, what you want to hear for homeschooling. If you could check out our games, that's, we're basically supporting ourselves through those there. And then if you guys can, can give the simply crew a really hard time to, uh, accept the challenge to play huddle up. Um, I would really appreciate that. That'd be awesome. Awesome. Yes. Uh, put on the peer pressure guys. Uh, Scott, really appreciate you coming on. Great show. Great signal. Well, we'll bring you back on another time and maybe we'll just go super hard on, on just homeschooling and stuff again, but definitely join us, join us on, on spaces right now, request and we'll bring you up and let's continue this conversation for everyone. Give me five minutes to take a quick break. I'll be right on. No worries. No worries. Appreciate you. Thank you. Appreciate you, Scott. Anyways, guys, what a show, what a marathon, what a sprint. We love you. Like, share, subscribe. If you think we added value to your life, if you just think we're entertaining, you want to hang out with us, come back on Monday. We'll be back with another show. Niko will be back. Maybe he will give you the surprise on Monday. I don't know. We'll see what's going on. I did see he's checking up on us guys. The house is on fire. Anyways, we love you. Have a good weekend. Get outside, touch some grass, get a workout in, eat some good food, call your mother and make sure you are maintaining your relationships. Guys, we are building the Bitcoin economy one block at a time. We will see you in the Citadel. Peace out guys. What's up everyone. We are in spaces. Of course you already know the deal. This is a Bitcoin space. My Bitcoin is for Bitcoiners. Come up here. Let's have a conversation. Scott said he'll be in here. I, I, I feel bad that we kind of had to cut him off on this conversation because I know we could have gone for so long in regards to homeschooling and all that good stuff, but we will continue this in Twitter spaces.
"house committees" Discussed on Simply Bitcoin
"The Daily Meme Review. All right, hold on guys. I forgot that this one's a video. Let me see if I can get this one. No, actually, whatever. You don't need the audio. You'll get the picture. All right, guys, this is the meme review where you guys send us a message on Twitter. SimplyBitcoinTV on Twitter. Tag me, tag your favorite memes, tag your memes. It doesn't matter. Just give me memes and it makes my job easier when you tag me in memes, guys, or tag my personal comments. And of course, you can also drop them in our Telegram group. We are like, what, 20 people, 30 people away from a thousand people in our Telegram group. Great conversation. Shouts out to DarthCoin holding it down, our mod over there. And guys, I need the tweets in the Telegram. And it's not enough just to put the memes in there. But I do have a few of them in here. Anyways, as you can see, guys, this video that's been playing, this person's not even a Bitcoiner. Who is this? Some kind of CFA. Yeah, seen on Bloomberg, whatever, whatever. It doesn't matter. It doesn't matter who posted this. The tweet is the meme here. And she goes, Jerome Powell, the economy is running smoothly. And then the economy, it's a Tesla with one of the like wheel lowjacks or what are they called? You know, when they're trying to make sure you don't drive your car. Look at it. It's like skirting over it. The economy is not running smoothly. It's almost like the economy is not working exactly as designed or rather maybe it is. I don't know. It seems to be working for some people. Anyway, let's go to this next meme. Guys, this one from DarthCoin. All right. Let me zoom in a little bit. All right. So we did this story, I think it was two days ago. Yeah, two days ago, Robert Kiyosaki. And I think the day before I did a culture where I was reading one of DarthCoin's guides. Go check out DarthCoin's sub stack. And yesterday on the meme review, someone or Dr. Surge9000 goes meme review score Kiyosaki reading printed out DarthCoin guides. And so there's a screenshot of the meme review. And then we got down here at the bottom. It got DarthCoin and it goes Rich Darth and then poor dad as Robert Kiyosaki. And it's going, did you read DarthCoin Bitcoin guides? If you haven't, you should. DarthCoin dot sub stack or go hang out with them in our Telegram group. He's in there. He's lively. He's modding the chat. And again, guys, sometimes I just kind of connect these dots and I just put memes here. And I think this is a perfect meme for the conversation we've had with Scott and even in the beginning in the numbers, guys. And this is Madex. Shouts out to Madex, one of the, in my opinion, one of the best Bitcoin artists out there. There's a lot of you guys, but Madex has it's got a way with the work. So AKA at space bull on Twitter and we got, I don't know, a statue of a, uh, what's the, what's the sea God Poseidon. It looks like Poseidon in the background and it goes become the greatest man your bloodline has ever seen. This is the way. And if it's not, you maybe educate your child. So they become the greatest in your bloodline. Okay. This next one was that it could be Zeus too. Cause it could be Zeus. Yeah. Might be Zeus. I don't know. Anyways, this next meme is by Greg Zajj one. And I think this is like a pimple cream, which I probably should get. Uh, and we got a girl here and it goes pimples zero holding up. I don't know. Some pimple cream, blackheads zero. And then we got a picture of Bitcoin SV, Bitcoin cash and rip on. It goes active users. Zero. Who is using these shit coin chains? I absolutely incredible. Okay. This next one is by Marcus Conner NH on Twitter and he made a GIF and he goes, I made new art for the Bitcoin crab market. And it's the Bitcoin Lego crabbing across the pier. How long are we going to be in a crab market? Are we going down? It's like literally the Bitcoin meme of like poking at the state, like do something like just stop going sideways. Stop crabbing on us. I don't know. Crab market equals crabby Bitcoiners. Who would have saw that coming? Okay. This next meme is by RD underscore BTC. And I love this one. This is why you need to run a node. And he goes, my node says no GIF available on tenor and GIF search. And you can see here is a new GIF by RDBTC. And it just says my Bitcoin node says, no, if you don't like all the shit, these shit coiners are trying to put on Bitcoin, run a node and do not change the software. Don't run their fucking code. Just run a Bitcoin node guys. Like, all right. As you can tell, I get a little triggered on that one. Fucking run the node. Run the code. It's software. Run the software. Okay. This next one, this one's a little charty guys. This one might be a little think boy over here, but we got a tweet here from simply Bitcoin. Shuts out Rustin. And he goes, Justin, in the world of money, Bitcoin is the North star. Others aim to compete against the ideal constant, one where the supply will remain constant and is trustless. From April 2024, Bitcoin is going to be the hardest asset in the world. And we got a chart here and you can see it goes annual rate of currency supply change 2011 to 2022 Bitcoin versus reserve currencies. And as you can see here on the left side, Bitcoin is only getting smaller and smaller. The meme here is the, oh, Bitcoin's volatile. It's like, look at this supply volatility. Get out of here, dude. Dude, it's almost like Bitcoin is the hardest asset in the world. I mean, like, look at this crazy stuff. The dollar is, I don't know, slick and super voluble. Can you repeat that, Opti? I don't think I've heard that before. What did you say? What did I say? I don't know. Bitcoin's what? It has like something. I don't know. It's like the hardest money ever. It's almost like it's the best money ever created. And you guys are still bearish on it. This is, I'm going to tangent right now since I have Mike on the show. It's almost like Bitcoiners are very bad at marketing when we have literally the best money in the world. How can we not sell this to people? That's not possible, Opti. We're the best marketers in brands. Wow. Triggered. Opti triggered in the chat. Opti triggered in the chat. Okay, guys, drop your meme review score in the chat and I will cover it live. Mine is, oh yeah, this is what I'm going to do. I have this match box. Oh my God. ASMR matches. Okay. All right. Mike, what's your meme review score? Mine, my score is going to be one of the five books that I've been working on reading for the last couple of weeks. And that is a start with why by Simon Sinek. Oh, I think you guys should all read that book. Love it. Okay. Scott, you kind of previewed this, so I'm excited for this meme review score. What is your meme review score, sir? Yeah, mine is going to be a proof of work apparel shirt and I have to demo this and it's going to be a little bit weird. I'm not going to be able to like jump on a treadmill, so you can decide if this is sweat or water, but I have to step back from the mic for a second to demo it. Hold on a second. Wet t-shirt contest. Don't fry the headphones. Just don't fry the headphones, Scott. What's that? Don't spray the headphones? Yeah, don't fry the headphones. Yeah, my wife would kill me if I did. Hold on. Or just take the cap off and just dump that. I might have to do that. Do it. Just dump it. You see anything coming through yet? Yeah, yeah, yeah, yeah. It's coming through. This is weird. All right, I acknowledge it, but it's supposed to say this is going to become its own meme. It might. There we go. I think it says proof of work. It's on a mirror mode. Yeah, I can't tell. Yeah, no, it's coming through. It's coming through. We can see it. All right, so it's supposed to say proof of work. I don't know how I got it wet enough, but the idea is supposed to say proof of work. It does say proof of work. Trust me. I've gotten the sound of this thing. It's awesome. We got two versions. We got one that says running Bitcoin that pops up after you start sweating. And then we got the one that I'm trying to demo that the picture that Opti is showing there is a hell of a lot better than what I just did. But so my meme score is a proof of work apparel shirt. Let's go. Love it. Your meme score for today was a wet t-shirt contest on Simply Bitcoin.
"house committees" Discussed on Simply Bitcoin
"Like there are so many things that that overlap. And there was like this hunger with people who are asking for advice on homeschooling. And so so this I'm going to make this the first time publicly to talk about it. We just started a Bitcoin homeschool podcast. We have our first recording up struggling with a little bit. We got it on Apple. I'm trying to it's not on Google yet. It's on fountain. So we're trying to get it out there. But if you go to Bitcoin homeschoolers dot com, you can check it out. Let us know what you want to hear. But right now, our point of view, the whole free market kids point of view is we've got two decades of experience homeschooling. We love Bitcoin. We're not programmers, we're not influencers that can do like the podcasting thing, like like what you're doing with with simply, you know, we're not going to tech on the talk on the investment side. What do we know? Well, we know about what it was like to to basically take control of the education for for our kids. And so what we're trying to do is this is our way of trying to serve the Bitcoin community with what we know. And so we're super pumped about it. And we're hoping to get a lot of feedback from people on what they want to hear, get some guests on there. But that's an overview of free market kids. Love it. OK, one question someone asked is, is HODL up game going to be available in UK? It's technically available now. What we're struggling with is you got a lot of supply chain frictions and they put on stupid import duties and we're I need to figure out the distribution model physically. So the second thing we're working on is we're working on we're trying to find a partner to help get a digital version to try to spread it out there. And we've got a couple. So if you know somebody in another country that's already familiar with the distribution model there and we can figure out between game publishers and distributors how we can lower that price 100 percent. Right now, if you order on our site, usually it'll go like DHL. It's expensive as hell and I hate it. So we're trying to we're trying to work it, work it through. We've had people buy it in Australia, in Germany and in the UK, like we've had people buy it all over. But unfortunately, right now, yeah, you got to pay a price for all the import duties and stuff. It's I'm sorry. Yeah. Yeah. We we've had similar requests to ship some of our merch to like Canada and other areas. And we're like, dude, we're trying to figure it out. The shipping costs might be too high. They don't want us to ship you stuff, guys. It's it's incredible. Anyways, Scott, let's jump back to kind of a topic. I don't know if you said this exactly on the show yet, but you did say it in the beginning before we were talking about. And it's something I kind of talk about all the time. I am a public school student myself. So, you know, I am not denigrating anyone here when I say this. But I remember Safedean said something on the lines of like the American public education system is set up in such a way to basically make you a just a good factory worker. And they don't instill you, obviously, with the mechanisms of money, because as I say all the time, they want you deaf, dumb and blind. And I really like the meme you were saying of separating not only money from state, but separating education in state. And so maybe for the people out there that have children and maybe are working their nine to five, what would you say to them? Say that that I always hear in regards to homeschooling, like I don't have enough time to me to homeschool my children. Oh, yeah. Yeah. There's a lot there. First of all, there's a lot of FUD out there about what homeschooling is and isn't. And let me just tell you that the it is an asymmetric upside type of thing. You can let your kids excel in ways that are just amazing and you can avoid a lot of the indoctrination that goes on there. Kids are resilient. If you have to send them back to public school, like it's a low, low risk opportunity. But let's say you're a couple and you need both incomes to to get by. And that and the reality is that's a lot of families right now and not everybody is able to get by on on one income. So what I would say to you is a couple of things. Number one, there's a huge community of support, right? There are a lot of resources out there. There are a lot of people you can talk to. And number two, you just need to be committed, like take the step and say we're going to we're going to teach our kids about the history of money or we're going to teach our kids about Bitcoin or we're going to teach our kids about how to think critically. So what you were just mentioning just a second ago, where you just want factory workers that comply, I will tell you, our four kids, they are very polite. They first of all, all the thought about not being able to socially adjust. That's not true at all. Homeschooling kids can talk to adults, I think better than most of the kids in high school today in public school. And they push back on us, but in a respectful way. And they can think critically through things. And that is a skill where we don't I do not believe that's what you're really encouraging. If you're if you're looking at a kid in public school and they're more concerned about why a boy doesn't want to sit still in a in a seat, like, I mean, just think about it like, of course, they don't want to sit still. They're a kid. You're you're trying to like get them to comply with everything. The ability to think critically is a huge, huge advantage. And you don't have to have them homeschooled to do that. When you're when you're at home, are you having dinner together? Are you watching TV or you're doing some kind of game where you have to interact with each other, like a weekly game night or something? Just because you're you have to do public school with both with with both parents, they're still your kids. You still get to you still get to make a decision about how you're going to spend your precious time with them. And then as soon as you can get them out, my recommendation is to to take that into your own hands. And then you can really you can really accelerate it. But you have a huge support community, take the first step, then have the courage to see it through. And what will happen is you will see that you have capabilities you didn't even know you had. And then you'll get your confidence. You don't start with the confidence that you're going to know what to do. You're going to commit to what's right. And then as you grow, you're going to grow a lot as you try to teach your kids. Your confidence will come after the fact. So I don't know if I answered exactly your question or not. I feel like I'm kind of answering like like a ton of things there at once. But it's great. Yeah. Yeah. Back to the lines off. Tell me what you want me to focus on. I, I just absolutely think because like, look, I've realized as a public school student, just like how much I don't know. And I've said I've told this story all the time on the show. You know, I got a degree in philosophy and I fell in love with Socrates because of one quote. I know that I know nothing. And just like staying humble and understanding like, man, I have absolutely no clue what's going on in the world. And so this is just constantly just being curious and trying to figure out what's going on. And then on my next meme is the idea of like, man, I want I want to build up an army of soldiers around me. Like I want I don't have kids yet. I don't even have a wife yet, but I'm trying to build an empire. And one of my friends, Joe Rogers, he always says the same thing over and over and over again. He's like, man, kids are so awesome. You literally get to propagate the memes. And I like and if you don't know what he means, it's like you can literally form your children into the memetic warfare that you want them to do. You get to program them into the awesome Bitcoiner that you want to see. Yeah, that's awesome. Do you know that in in Germany, you're not even allowed to homeschool? It's against the law. And you think about like when the state wants control of your kids. Why? And it's exactly because they control the memes. And right now there's a I forget the number. There's a California law that just passed legislation. And it hasn't been signed by the governor yet, but it has to do with basically they can use whether or not you affirm gender for custody reasons. So now you can't even have an opinion on on that with your kids. Like to me, the public school thing that the scary part is they want to control the means for your kids and they want to separate them from their parents. And and that's that is just dangerous, dangerous territory. So whatever your situation is, I would just encourage you to build that relationship with your your your children. And and then if you start to see signs of of that, take action to do something, get them out of whatever that is. Because once that in those formative years, once that's there, man, I don't care how many memes you throw at them. If you've if you've lost their their their the the framework and that is that's that that's really sad. And then the government wins in that case. Yeah, it's it's no surprise that we are actively seeing the attack on children. And not only that, but the separation of the nuclear family is because if you don't have a strong family unit, then it becomes a lot easier to brainwash that child with with whatever means the state wants. And I think this is the importance of the separation of not only money in state, but education state. And, you know, Scott, kudos to you. I'm sure we can have this conversation for forever, but we are on a time limit. So hopefully you can pop in on the spaces afterwards and we can continue this conversation. All right. Sweet. All right. Before we go on, though, shout out to Kaboom Racks. Guys, go to KaboomRacks.com. If you're thinking about buying a six right now in the bear market, which is probably when you should be buying them, go to KaboomRacks.com. The most trusted place to buy, sell and host. What does they say? Buy our racks. You check out our racks, check out our racks on KaboomRacks.com. They also have a telegram group. I think it's t.me slash KaboomRacks. Go get in touch with them. And shouts out to the boys over there. They are doing a great job. Literally reach out to Tucson, my boy Tucson. Actually, Alex, sorry if I doxed you again on the show. I was about to say Alex. Yeah, I probably would have doxed you, but they will literally guide you through this guys. They will hold your hand. They will ask your questions. They really are, in my opinion, top tier when it comes to getting some Asics for you guys. All my friends are downloading the Asics and Kaboom Racks firmware. Anyways, go to KaboomRacks.com. If you want some Asics, let's get a meme review, guys. This is the only reason you show up to the show.
"house committees" Discussed on Simply Bitcoin
"All right, Scott. Well, the floor is yours, my friend. This is the point where you can rant. So I guess I'll just tee you up first and foremost. So what is free market kids and what are you trying to achieve? So free market kids is all about trying to give the best chance for success for for the future generations. My wife and I have four kids. We actually met in business school and we got rugged hard. And we went to Yale business school. We got out, we thought we were smart. We're let's raise our kids. We're going to teach them about everything from finance to everything. And then we made every fiat mistake you can make along the way in terms of debt and other things. And we just looked at each other and we're like, if this can happen to us, I mean, we're supposedly went to a good brand school and we're getting rugged on this. Like, how do we protect the kids? And that's that's part of the genesis for free market kids. The other thing is I just happen to like games. I'm kind of a geek that way. So for me, the way that I even got my wife into Bitcoin, I was trying to explain to her how transactions work with like mahjong tiles and things. You fast forward a number of iterations and you have the thing that's on the screen huddle up. This has been pretty popular. Took me a couple of years of study to put it together. But essentially everything in this game is based on Bitcoin mechanics. So we have other games we're going to bring out. We have other books and things like that as well. A couple of different versions you'll see on there as you're scrolling through. One is the standard one that has cardboard like you get in a retail store. That's on the far right. It's just a school edition. And right now we have 21 percent off the commemorative edition for next year. So every year we're going to come out with a limited collection edition of something. So next year, obviously, is the halving. Super pumped about that. And this is one of those things you can 45 minutes get some fellowship with your friends or your family and get away from screen time and start the conversation. So every time we have an event, we always tell people, bring somebody who doesn't know Bitcoin yet. Bring your significant other that doesn't know Bitcoin. We run the Louisville meet up here. And one time we met in the park. We're like, bring your kids and let them run around. Or if they want to play, then, you know, you know, whatever. But the point is you that in-person time, especially after covid, to me, it's huge. And so here's an opportunity that you can start to break down these barriers, a bridge to people who don't know Bitcoin yet. If you happen to know Bitcoin, that's great. You can talk smack to each other and bet some sats on the on the game. So super pumped. We've got things in the in the works for lightning game and other things down the road. And then the big thing that I was I was really hoping to talk about today. So recently we were at a tab conf panel on homeschooling. And what we noticed is there's a huge difference between what happens that the other article you have right there. We went during this year, we went to a couple of homeschooling conferences and said, oh, these are our people like they're Bitcoiners. Like everything about them is like Bitcoin. And it was like pushing a rock up a hill. We go to a Bitcoin meetup and we say the words, hey, you should self-custody your education or separation of education and state or decentralized education and down to to the family.
"house committees" Discussed on Simply Bitcoin
"And people are going to tune out because it sounds like noise, but we need people like you and others to, they can find it. And then we need people who listen to this to then whatever's in your Dunbar circle or whatever it is, whatever your influence is, you need to take action and do something with that. If we all yell at each other over chats or podcasts or whatever. And I mean, we're, we're coming at it with free market kids trying to reach the kids. They have to be taught this. No one else is going to teach them this. If, if the parents don't reach out and do it, you can't, you can't trust the teachers to do it. So as painful as it is to listen to all these bureaucrats and, and they're back and forth, this is a long-term game. And we've got to, we've got to continue to, to grudge through and have some grit to get through all that stuff and then figure out how do you, how do you turn that around? If I took that to my kids, they'd be like, they'd look at me like I'm crazy, but they need to know that there's a battle going on. And so from my standpoint, yeah. I mean, I'm not going to comment on whether you're negative, positive, like dealing with the government stuff. Not, it's not my cup of tea, but man, you gotta, you, you gotta take action with it. Take a clip of that and share it with somebody else. Don't just listen to it. To me, when I hear you say that, I'm like, what am I going to do with that information now that Opti shared that? So that's my take. Love it. I, I, I, I really, really appreciate that. Not only the kind of words, but just the pragmatic thinking behind this, because, you know, we, we do come out here and we are kind of talking heads and we do cover the BS coming out from the corporate press every single day, but it's really about taking action and, and maybe just us inspiring you to act in a way that you can combat this stuff. Maybe that's all we can do and try to educate people, but we are actively have taken our wealth out of the system. We are, we're basically not only as a company on the Bitcoin standard, but personally we're all on the Bitcoin standard. And I say it every single day, you know, take as much of your wealth out as possible from the system because you are literally financing this stuff, whether you agree with it or not, you are a part of the problem. You are literally tacitly agreeing to all this stuff. If you use the Fiat system, if you use the dollar and, uh, we know what the problem is, guys, just, it's very simple solution. It is talking about Bitcoin. It is saving a Bitcoin is downloading Bitcoin wallets. It's making sure your friends and family are downloading Bitcoin wallets and we take away their power. Anyways, Mike, I'm ranting. What's your thoughts on this? Um, I, I, obviously I'm going to be the sober one cause I can't help but not, but, um, I definitely agree with both of you. I think that it is a lot of bureaucracy because like one of the things that people have to consider or keep in mind is that say we succeed in this initial iteration. Politics is constantly changing. Presidents are changing it out every couple of years. What's to say that they don't try it again next year or with the next president or the next year after that, like they're not going to give up because this is like the biggest power honeypot when it comes to government and national control. Um, and I have to agree with Scott in the sense of like, we just have to like, this is like, we're probably witnessing one of the greatest power wars of that the planet has ever experienced. It's happening right in front of our eyes, but people just aren't paying attention to it because somehow we touch money like every minute of the day, but people don't think it's important to talk about or like understand. Um, and then there's also the, the reality that I, uh, I'm a little bit lit today. I freaking love these nerds. But, um, when we have to also consider that the CBD, CBDC stuff, like I was just kind of alluding to with the politics, it's never going away. Like there is, it's, it's such a powerful honeypot that probably every level of human organization, whether it's government or the PTA or a corporate entity or a nonprofit is going to have that honeypot of just like, Oh, maybe we should just create our own currency and then fund like expansion that way. Uh, so it like, it's, it's, it's a, it's a human fallacy or a fallibility that is not going to go away guys. Like we, like if we, if this bill succeeds, the, the fight's not over. Like the, like this, this is something that Bitcoiners and everybody have to accept, whether it's health, whether it's physical health, psychological health, spiritual health, financial health, um, freedom, you're never done fighting ever. That's right. I mean, first and foremost, I think we have to remember and everyone in the chat saying it as well as, you know, like money's already digital guys. Like we basically for all intents and purposes already have like a CBDC system. Everything's already digital. The dollar's already digital. Now they just want surgical control of the money. And like Mike is saying, you know, they're always going to reach towards this tyrannical psych psychopathic control of humans because they fundamentally think that they have a right to control your behavior. And so they will never stop. They will constantly, constantly try to roll something out like this and less that power is taken away from them, which is literally everyone opting out of the dollar. And, and on a different, different kind of note, I was rewatching the Atlas Shrugged movie the other day. I was trying to unplug, like, you know, it's still, still as a Bitcoiner. I like can only unplug for so much. I was watching Atlas Shrugged movie. And literally watched it yesterday. Yeah. It's great. It's absolutely great. Um, and I just restarted to read Atlas Shrugged. Hopefully I can make it past the first hundred pages again. Uh, anyways, it's huge, but it really makes me think of just like the, you know, the whole theme of that story of like striking and opting out of this madness, but you know, combining the John Gulch of the world and the Dagny Taggarties, it's like, look, strike from the Fiat system, but then build in the Bitcoin system, build within the Bitcoin ecosystem. And this is why I started the show with that video from Ron Paul. It's like only acknowledging the problems is only half the solution. The second half of the solution is building something that cannot be destroyed, that cannot ever be taken away from you, which is what we say all the time. Saving in Bitcoin, building on the Bitcoin system. And Mike, you reminded me of, I think it's Ben Franklin, right? The quote where he says, uh, it's about freedom. He's like, you will always have to stay vigilant. And if you're not vigilant, then freedom will be lost in a generation or two or something. It was probably that. Wasn't it something like, um, what did you vote on? Some lady asked him and he said, um, like something like the democracy, if we can keep it or something. Yeah. Yeah. A Republic, if we can keep it. Exactly. There you go. By the way, hats off to you for reading nine Rand. Um, I, I, I read her, I read Atlas drug like a decade before Bitcoin came out. And I mean, you're, I think you're dead on, like take action. Like you're, do you really want your great grandkids or whatever, look back and say, yeah, we sat in the sideline and took too long to take action. Why the hell did they not stand up against what was obviously going on? And that's not what I want. I mean, I, this is, we got to do something, do your own part, whatever it is. And so, hold the phone Opti, because now I want to Scott. Now you need to go read another Ayn Rand book. That's much smaller, but just as impactful called the virtue of selfishness. Okay. Everybody that's watching this needs to read the virtue of selfishness by, by Ayn Rand. It's much smaller than Atlas shrugged and it touches back on what Scott was talking about earlier with regards to like the kids learn from the parents by observing and just, they're just sponges. Right. But like, we need to get back to like understanding and exceptionally accepting and conceptualizing that there is a level of selfishness that is necessary in order to actually perpetuate the good aspects of life and society that we're all looking for. Cause it, and this goes back to Bitcoiners, like you have to be selfish enough with your time and your energy and your effort to get surpluses in your income so that you can stack and be able to benefit from the rest of the world flooding into Bitcoin later on, because we are early, like you have to do that. If you're not working, if you're not being selfish enough with your time, effort, and energy to dedicate all of your efforts to like making surpluses and being able to stack as much Bitcoin as you can, then you're not going to be a part of that revolution, right? You like, it's impossible because if you don't have the surplus, how are you going to, how are you going to stack Bitcoin? Because you're going to have to sell it eventually, right? Like people like, everybody needs to embody this. There is a specific level of selfishness that is required in order to actually get back, get society and get America and get the world back to operations that we know we need. That's awesome. That's awesome. I would, I would double down on that and say, do it without guilt, right? Everybody wants stuff. So you're either going to go out and want stuff and feel guilty about, or you're going to go out and want it and feel good about it. And what's that? Yeah. Just to provide for your kids, even like you have to be selfish to look after your kids. Yeah. It's, it's, it's, to me, this goes back to like, you're, if you go into the public education system, sorry to keep going back to education, but they're going to change. They're going to spend the most time with your kids and they're going to set up the framework and they're going to set up this framework that says you need to comply and you need to feel guilty about everything. Yeah. Right. And then you go back and Opti, I think you played it earlier in the week. Uh, if not, I saw it on Twitter somewhere. That was an interview with Ayn Rand talking about being selfish. Yeah. And man, did she just lay it out. It was someone asked her like, who's going to build the roads and like, she just answered it. It was great. I'm like, like our kids need to know like, Hey, it's good that you want stuff. What are you gonna do about it? Like, don't like, the framework of this, there's like metal layers of this thing that I could talk on for hours, but I think you're, you guys are both hitting on something really, really big there that, man, I know we don't have hours to go into it, but man, you guys are nailing it with that. We can, uh, we can finish this conversation in spaces, but before I, before I go on though, guys, I completely forgot to plug Bitcoin Nashville, 2024. We're going to be hanging out in Nashville. We're taking over Nashville. I hope you guys make it to the conference and we're telling you now, I know it's, get your ticket now because you guys always complain about the price going up. Well, this is the rock bottom prices and you can use the promo code simply. We will see you July 25th through the 27th, 2024 in Nashville, guys. Anyways, let's get into the culture so we can talk about Scott and talk about everything he's doing. Absolutely going to enjoy.
"house committees" Discussed on Simply Bitcoin
"The Daily News. I want to give a shout out to our sponsor, Foundation Devices. It's self custody done right. They built a premium grade hardware wallet called Passport right here in the US. It's fully open source and verifiable. It's the most intuitive Bitcoin wallet designed with the UX reminiscent of a simple feature phone. So you will know how to navigate it and use it the moment you pick it up. Get your Bitcoin off exchanges and into your into your own hands in just a few minutes. Experience a peace of mind that comes with taking ownership of your own keys. After a massive sellout during Bitcoin Miami 2023, the passport is back in stock at foundation devices dot com. Bitcoin only open source, verifiable, completely air gap security model, gorgeous design craft, premium grade materials. If you're thinking about getting your Bitcoin off exchanges, this is the one for you. Check out the passport link in the show notes below to learn more. So, guys, all right, so I have this new story over here, guys, and as you can see here, this is a tweet from Tom Emmer and this happened September 20th. So two days ago, this is on a Wednesday. I think we definitely have covered the whole bill, the anti CBDC bill. We played some clips about Tom Emmer on the show. But as you can see on Wednesday, September 20th, here's a tweet from Tom Emmer and he goes, the first anti CBDC bill in the United States passed out of the financial service committee today, a historical step in defending against an ever expanding government surveillance state. And the reason I want to start with this tweet, guys, is I really want to play this video here of Tom Emmer speaking. And I'm pretty sure we played this on the show. And, you know, I like to play stuff in the numbers to give you context. But again, we are talking about anti CBDC bills and that it passed. And I think it's very powerful to hear it from Tom Emmer himself, whether you think he is just a politician that is pontificating, maybe besides the point, he is saying what we've been saying here on Simply Bitcoin for a long time. And I think that over time, more people are going to wake up to this exact thinking that a CBDC in America is literally anti-American and anyone that is embracing it, they are actively fighting against your best interest. And I don't know about you, and I was going to say it in the beginning, but it was within the first two minutes. And, you know, we try not to get nuked on YouTube, but it is a very, very clear call to a CCP style China CBDC system. And I don't know about you, but I am absolutely sick and tired of hearing us politicians embrace China as the golden egg to achieve in the United States. It's absolutely disgusting. Anyways, let's listen to Tom Emmer himself, and then we'll kind of go into some of the news a little bit and, and even, uh, you know, maybe, maybe, uh, get a little cynical. I don't know. You know me sometimes I'm pessimistic field, but let's get into this video. Extremely proud to have this legislation that, uh, frankly I've been working on for three years, at least the CBDC anti-surveillance state act included in your markup today, it's the first anti central bank digital currency legislative effort introduced in the United States and for the past two Congresses. Uh, and we worked with my colleagues, uh, and with stakeholder groups to update, improve and grow support for this bill. Today, this bill has the support of 60 members of Congress and groups ranging from the independent community bankers association and American bankers association to club for growth, heritage action, and the blockchain association. We've come a long way. This bill is simple. It halts the efforts of this administrative state under president Biden from issuing a financial surveillance tool that will undermine the American way of life. Unlike decentralized cryptocurrencies, a central bank digital currency is a digital form of sovereign currency that is designed and issued by a government and transacts on a digital ledger that is controlled by that government. In short, a central bank digital currency is a government controlled programmable money that if not designed to emulate cash could give the federal government the ability to surveil and restrict Americans' transactions. This is not just alarming. It's downright un-American. We've already seen examples of governments weaponizing their financial system against their citizens. In China, the communist party is using a central bank digital currency to track the spending habits of its citizens. The data is being used to create a social credit system that rewards or punishes people based on their behavior. Closer to home in the Western hemisphere in Canada, the Trudeau administration froze the bank accounts of individuals involved in the 2022 trucker protests. That might work in Canada. That doesn't work here. This appetite for financial surveillance may be gaining a stronghold unfortunately right here at home. The White House issued an executive order placing urgency on central bank digital currency research and development and the agency reports to that executive order have made it clear that the Biden administration is not only itching to create a CBDC, but they are willing to trade Americans' right to financial privacy for a surveillance style central bank digital currency. We're not going to let this happen. My bill ensures the United States digital currency policy is in the hands of the American people, not the administrative state, so that it reflects our American values of privacy, individual sovereignty, and free market competitiveness. American values, American values. This is what the future global digital economy needs. If not open permissionless and private like cash, just like cash, a central bank digital currency is nothing more than a CCP style surveillance tool that can be weaponized to oppress the American way of life. If China embraces it, you know it's something worth standing against in this country. I'd like to welcome. Okay, guys, let's, uh, let's move forward because, uh, obviously he's been saying what we've been saying all the time and someone in the chat's like, wait, is he reading the script from one of off these rants guys? I think it is becoming very, very obvious to most people that a CBDC is absolutely not only dangerous, but anti-American and any politician that is embracing one of these in America, you can just know that they are either on the one hand bought and paid for or on the other, just absolutely incompetent. And in that sense, dangerous. Anyways, I got this Watcher Guru article over here, just kind of to recap because there's a, there's a very good quote here. So house committee passes bill to ban the fed from creating a CBDC. As we covered the house financial service committee approved a bill to prevent the fed from creating us central bank digital currency, a CBDC, AKA a central bank digital control mechanism. The bill will now advance to the house of representatives. U S Congressman Tom Emmer introduced a new bill to ban the fed from creating a CBDC in the future. The bill bans any CBDC pilot program before they're proposed. In addition, it prohibits the fed from introducing a retail digital currency that could be used for citizen surveillance. Uh, Emmer spoke strongly about the CBDC being an issue of privacy, individual sovereignty and free market competitiveness. Uh, the new potential bill requires any progress on a government backed digital token to be empowered by Congress. The bill's approval in the house is unpredictable. However, its future in the Senate is more doubtful as its majority is run by Democrats who may not push ahead with a Republican introduced bill. The house committee's counterpart is the Senate banking committee, which is led by Democrats. And the panel's top Democrat is representative of Maxine Waters. And she had the following stance on the bill and crypto legislation. And again, need I remind you about my stance on anyone that is actively pushing a CBDC. Well, how about this quote guys? This is Maxine Waters again. And she goes in regards to a CBDC, it will keep the United States behind other countries, including yeah, including China as a race forward to develop a global standard for central bank digital currency. Again, let me repeat this. She's saying that the bill will keep the U S behind other countries, including China, as a race forward to develop a global standard for a CBDC. She adds the bill would stifle that research and prevent us from moving forward. Even if it means that the dollar loses its status as a world reserve currency. And even if it means that U S citizens lose out on a faster, cheaper and simpler payments, of course it is always fast and cheap. Digital payments that they talk about. Anyways, I got over here just to kind of look at it. Uh, here's the bill. And let's just look at section two prohibition on federal reserve banks relating to certain products or services for individuals and prohibition on directly issuing a central bank digital currency. And it really makes you wonder cause we've been, you can see here, sorry guys, you got the bill. Um, sorry, sorry, sorry. Um, you, you can see guys, and we've covered this before. Look, this all sounds good. And I see everyone talking in the, in the group chat, the YouTube chat that this is just security theater or rather political theater out there because, uh, as Narwhal Taco said, you know, Tom Emmer realized that they can get to his money. Hence why he's probably afraid of a CBDC system. But let's not forget about the fact that FedNow is already been launched and it is currently being built on. So of course this hasn't fully passed. It is only past the first stages of it becoming an actual bill. Uh, but we know that the FedNow has been launched in July and it really makes you think like, are they talking out of both sides of their mouth? Of course there is a difference between politicians and the federal reserve in general, but here's an article that was dropped September 17th, 2023. FedNow is launched as blockchain innovation delivers next gen instant payments. Uh, yeah, whatever. Anyways, here we got I think the signal of this whole article, and this was on, uh, Forbes, but I I'm using archive because there was a paywall and, uh, I'm not paying for it anyways. So, uh, though FedNow doesn't use blockchain technology, its goal is similar to ongoing innovations in the blockchain space, enabling instant peer to peer transfers and low cost payments. Again, low cost payments and what peer to peers guys. Anyways, reports of the FedNow laying the groundwork for a potential central bank digital currency in the U S have been denied, but it may be too early to conclude as there's merits to a possible FedNow and digital dollar overlap in the future. And again, looking at more stuff that has been popping off in the last couple of days, we got 14 hours ago, maybe like 16 hours ago. Now CGI to support instant payments for FedNow. So they're obviously still actively working on a FedNow, even though that they're passing. Well, obviously again, they're two different groups here working. We have, we have Tom Emmer and his crew talking about banning a CBDC, trying to ban the Fed from doing a CBDC and the Fed is basically like, who's going to stop me. Anyways, FedNow is a new instant, again, instant payment infrastructure developed by the federal reserve. It allows financial institutions of every size across the U S to provide safe and efficient instant payment services. The first release of the FedNow service provides baseline functionality that will support market needs for a range of use cases. These include those growing in demand such as account to account transfers and bill pay. You see that 15 hours ago, account to account, no longer peer to peer. I guess they're moving on the framing. Anyways, key global payments provider, CGI's, all payment solution has been certified to support transaction activity for financial institutions that make payments on FedNow. And here's a quote from Ken Montgomery, Federal Reserve Bank of Boston. He says, we are excited that early adopters across the country are making strides in their operational readiness for transacting through the service since we launched in July. Completing certification is a key milestone for participating organizations to validate their ability to deliver instant payment services. So again, while it sounds good, I say it all the time, you know, Boomer writes something on a piece of paper and expects us to follow it and listen. Um, it, it really just sounds like a, like a lot more bureaucracy out there. Like they're, they're trying to make it seem like, you know, this is the anti CBDC bill is good for, good for you guys. You know, trust us. We don't, we don't need a CBDC. And then on the other hand, they are still actively building a CBDC. So it really makes you wonder, and I'm kind of, maybe I'm being pessimistic fields here on the show, but I am just, I'm just so burnt by politicians that I don't know what to think. All I know is opt out of this stuff, saving Bitcoin, and they cannot even touch you. And so, I don't know, man, I, I guess maybe I'm going a little cynical here, Mike and Scott, but what's your thoughts on this anti CBDC bill? Is it matter? Is it noise? Is this, uh, is something we're just going to have to route around in general anyways? So, so first of all, hats off to you. I, I love the fact that you're like on this information war, like to help get things out there. And I think you're doing an amazing job to find these things. And to me, this is, this is a game. This is a long, long term game.
"house committees" Discussed on Simply Bitcoin
"Dude, Ron Paul just killing it, absolutely destroying it. And I really liked that metaphor of is there any more difference between diluting the money supply and diluting your milk? I'm sure if your farmers sold you watered down milk, people would be up in arms. And yet for some reason, people do not understand the mechanisms of the Fiat world that are literally diluting your purchasing power. What could be worse than literally making you poorer every single day or rather, you know, two percent poorer every single year? I think what's the current inflation rate? I think it's like three point something. I think they're moving it up to like four percent. Anyways, I wanted to play that because I think it's great context. And I mean, Mike and I can definitely have these conversations about the moral obligations of money or what's the book, you know, the ethics of money production. Obviously, it is unethical to print purchasing power out of thin air. But we're not here to just complain. We're not here just to whine. We are here to double down on what are the solutions out there, because we have been talking about the problems, not just us here at Simply Bitcoin, but any freedom minded individual for a long time has been talking about the problem. We know what the problem is, guys. It is the money. It is so simple. Take back your money and you can take back your life. And on that note, I saw this clip of Jack Mallers and I just thought it's a perfect way to bow tie this conversation. So Jack Mallers quotes here and he goes, I am convinced that any attempt to restore harmony in the world can only rest on the renewal of personal responsibility. And this is what we talk about all the time. And I love the tweet here. Own hard money, own your sovereignty, own the outcomes of your life, guys. Take back your life. This is what Bitcoin allows for you. This is what being a freedom minded individual. And hopefully we can get Scott in here as well. This is what the separation of money and state is. This is what the separation of education and state is as well, because I think you're fundamentally taught to not know why money works. And also, as I say all the time, we know what Klaus Schwab wants from us. He wants us to own nothing and be happy. And on that same vein, they want you deaf, dumb and blind. And what easier way to do that than to educate the children and basically brainwash them into the fiat system, which we all are a part of. This is why it's so hard to unplug your friends and family is because we have been brainwashed into being perfect fiat slaves. Anyways, let's get into this little clip, guys, because it really connects everything we're going to be talking about on today's show. Yeah. No, I mean, for me, it's more the man, like this has been so empowering for me. Of like owning something like Bitcoin and doing an animal based diet gave me the confidence that I can control my own outcomes because you do feel like growing up in at least I keep referencing my own generation. You feel victim to I don't know how I'm going to get a house. I don't know if I'm ever going to be able to sleep. I don't know if I was born with depression. And this gave me that little bit of confidence and proof that like, no, no, I don't know what they do with the dollar. Like progress starts with me owning my own shit. And that's my message to my generation is don't be a bitch. You you own the outcomes of your own life. Now I'm taking these kids like, oh, it's not fair. It's plenty fair. You get to be alive. That's plenty fair. That's plenty fair. Own harder money that acts in your own best interests and be responsible about what you put in your body. It's plenty fair. Without that, there's no president that's going to fix your goddamn problems. I think it's cool to think about people reclaiming their sovereignty. Yes, sovereignty is a word that gets used a lot in the Bitcoin communities. And it's like, look, you, you can reclaim your health sovereignty just like you can reclaim your sovereignty over your money. You can claim your health sovereignty. Oh, that's, that's what I'm all about. That's right. You have the ability to affect these things. You're not power. The, the ending is I think maybe the most powerful aspect. Like you are not powerless. And I think this is something that many people feel out there. I know I've had these conversations with friends. And even when you bring up Bitcoin as the solution there, they'll ask you like, what, like, is this even going to change anything? And it really goes back to, let me see if I, if I can bring Scott back in. Scott, you might need to pop in on Chrome or something. I, yeah, I'm loading up Chrome right now. You're here though. Let's go. Okay. We got audio. I can hear like, I can, like, it's really like it's locking up left and right. Okay. Well, maybe if, if the back into the Chrome right now, okay. No worries. If the video doesn't come on, how about just a click on the, on the right, the, the couple of buttons here, the three, three buttons, and you can just put the, like drop your camera and it'll just put like a little, uh, uh, fill in for the avatar, but we'll know the whole, the whole thing on, uh, that I'm using is on Safari. I can't even get to that now because I have a private chat window. So let's, yeah. Yeah. Safari. All right. Just pop in on Chrome and we'll get you back in. All right. Give me two minutes. I'll be there. No worries. BRB. All right. Uh, Mike, you know why I picked these two videos together? Not only did I know it would be a great context for the news today, but this is something you and I talk about constantly, whether we're on air or off air. And it's this idea of you are not powerless out there. Yes. You know, there, there may be contention on what foods to be eating. We're not going to go down that route. The whole route is guys take back your sovereignty. It starts with taking back your money, taking back your labor, taking back your health and unplugging from this victim mentality. And this is why I constantly bring this up on the show about, we know what the problem is, but very few people know what the solutions are and you can see it in, especially in our culture where we're both millennials, you can see it in our generation. Everyone is complaining. Everyone's whining about the problem and they always lead down into the wrong solutions. When we always say the same thing, it goes back to the money guys. You need to take back your sovereignty, whether that's in your health, in your fitness, in your wealth, in your mind, but you are not powerless. And this is all why I wanted to bring these two clips together because Ron Paul has been saying this for a long time. And I don't think the future that Ron Paul wanted could have been a reality without Bitcoin. And this is why we stand on the shoulders of giants. You have the power today. You just need to opt into Bitcoin, save in Bitcoin, take back your health, take back your wealth and you will be OK and you'll make the great reset transition. Anyways, Mike, what's your thoughts on this? Well, because one of the biggest things or probably one of my favorite things to talk about when it comes to taking back sovereignty, whether it's health, wealth or any psychological mindfulness, spiritualness, I get a lot of like conversations or questions like in DMS or just in like day to day life. It's like, well, like which which do I choose? And I've said it before on here. I'm going to say it again. It's like you just pick one like the the benefit. One of the kind of like hidden benefits or silver linings to Bitcoin is that like that sovereignty is more of like a day by day, day by day as you DCA kind of thing. Right. Like because you won't actually be able to experience the full effect of that sovereignty until you've been around for a couple of cycles. So the benefit is like as far as like gaining the sovereignty through Bitcoin is taking the time to go down the rabbit hole and understanding how it operates. So you really truly understand where you're putting your wealth and your value and then just letting that kind of like do its thing in the background. You don't just don't sell it. Just keep holding it, keep accumulating it and then chase down the other sovereign aspects of life. Right. Like begin, begin like pick. This is where I suggest just picking one. Maybe your health isn't perfect. Maybe maybe your philosophy isn't perfect. Maybe your spirituality isn't perfect or like any of these aren't where you want them to be. I recommend not starting all of them at once because then then you kind of like then you fall down, fall prey to like the kind of ADD failures of just like bouncing around between all of them. And then you never actually like get meaningful penetration into any one of them. Like you just become like a jack of all trades, but a master of none. But you can you can get into a different level of success if you if you were to say like you want to become more spiritual, become more sovereign in that sense. You chase that down for an extended period of time. Do your 10,000 hours and then move on to the next thing. And then because like, yeah, like that, like like we say it all the time, like like Bitcoin can only go so far as the rest of us. Right. Like because if we're not all sovereign at the same time and not trying to improve our sovereignty separate from like Bitcoin itself, then it's like what good is it? Because then then we're not like then we're not effectuating actual change in policy or legislation or communities, because like when you guys make these improvements on yourself, you have very meaningful market impacts on the people that are like closest around you. Right. And this is where Opti and I again, like we constantly talk about, it's like just make yourself like make yourself like the marketing branding vehicle for Bitcoin, like live the life of an individual that you admire. Make yourself the change you want to see and then pull people in the vacuum of power that's created behind you. That's that's the biggest message. Wow. Hold on. Mike, we were even having this conversation before the show of like breaking the echo chamber and not necessarily falling into the cult aspects of this, because what's one of the big Bitcoin tenets of like verify, don't trust. And part of that is like living a good life. Most people are going to look at you and whether you like it or not, they will judge Bitcoin based on the life that you are living. Hence why it's so important to get fit. You know, be smart. Know what you're talking about. Live a good life. And that is the best marketing for Bitcoin. Anyway, Scott, I think I'll just say one more thing. Scott, awesome that we finally got you. Yeah. Yeah, that was embarrassing. Yeah, you're good, man. But there's one thing I wanted to add to that is that there are going to be people in the Bitcoin community that don't necessarily embody every aspect of the Bitcoin ethos and they will try to tell you how to live your life. And you need to flip them the bird and tell them they can jog on because you're going to live your life. If you're going to be sovereign, you have to live it according to your stipulations. Yeah, I just may add to that. Yeah, I apologize. I've completely thrown your whole the whole game off here. So what I heard before, though, you were getting into the education piece and, you know, the government wants to control your money. You're going down CDBC land and it's you have Bitcoin. They want to control the narrative. And then you've got Noster to help with that. They're coming after your kids as well. So that's I didn't do an intro yet, but that's where my wife and I really been focuses on education and talk about free market kids real quick to the audience. OK, I'll do that, too. So free market kids, my wife and I homeschooled for over 20 years and we focus on trying to make the basically money literacy fun. So we have games and other things that we do in that regard. And we try to reach out, especially to homeschoolers. But the thing that got me with what what Mike was saying there is my personal journey with Bitcoin took me to Austrian economics and a lower time preference. And then I started to do things myself for my own my own health. And like two things came to mind. Number one, absolutely, you got to do it one thing at a time on that you can't do. You can't do everything at once. But tying all that back to the kids, the thing that I would want to add to the conversation is they're watching you right from an education standpoint, your kids are watching you. And if you're like if you're in an airplane and the oxygen masks come down, they always tell you, put your oxygen mask on first so you can help others. It's awfully hard to teach your kids if you don't have your own stuff straight. So taking taking charge of your health one step at a time, whatever that step is for you, just commit to it. I just want to add on to where Mike was. Yeah. And I apologize for throwing your whole game off here today. So no worries. No, it happens. And we do get trolled out sometimes. They're like, oh, you didn't prepare your guess. It's like, no, guys, we usually do. We sat here for a moment to get everything going. And then, you know, when you go live, everything happens. That's why the sessions meme of like we did this live anyways. Couldn't agree more. And it's just it's such an important aspect of being a Bitcoiner. And to something Mike said, I forget who said it. There was like a meme the other day going around. It said something on the lines of like Bitcoiners are right about money, but they're probably wrong about everything else. Like obviously it's a meme. It's kind of a joke. And it just kind of goes back to as a Bitcoiner, we've said it before on the show, you know, Bitcoin is F-U money for a reason. And you don't have to believe everything that every other Bitcoiners believe, like just believe in hard money and then live the life that you want to live. This is the point of having freedom money in the first place. This is the point of having censorship resistant money in the first place. It's hey, we don't all have to agree on every aspect of our lives. But as long as we can agree on what, 99 percent of the problem here, which is the money that I think the world will fundamentally reach towards a better future. And that's I think what we're all here to do is we see the problem in the world. It's obviously starting with the money. And now as good human, we want to better the world for our children, for our great, great, great, great, great grandchildren, of course, for ourselves in the future, for our future selves. And there's nothing wrong with this. I think this is what most healthy individuals want to do. Anyways, we got a lot to talk about. Let's get into the news. I think we have gone long enough in the numbers.
"house committees" Discussed on Simply Bitcoin
"Scott, are you there? He was just with us. Technical difficulties. Let's see. All right. Anyways, we will get him back in. Apparently we are having some issues, but you guys know how we do this. We do this live. He will pop back in. I'm sure we will have him. We were literally just talking to him a minute ago. All right. Anyways, guys. So let's get into the show and we will troubleshoot live. Let's get into the conversation. The Bitcoin numbers. Is your Bitcoin and cold storage really secure? Is your seed phrase really secure? Stamped seeds do it yourself kit has everything you need to hammer your seed words into commercial grade titanium plates instead of just writing them on paper. Don't store your generational wealth on paper. Paper is prone to water damage, fire damage. You want to put your generational wealth on one of the strongest metals on planet Earth titanium. Your words are actually stamped into this metal plate with this hammer and these letter stamps. And once your words are in, they aren't going anywhere. No risk of the plate breaking apart and pieces falling everywhere. Titanium stamp seeds will survive nearly triple the heat produced by a house fire. They're also crush proof, waterproof, non-corrosive and time proof. All things that paper is not allowing you to huddle your Bitcoin with peace of mind for the long haul. Stamp your seed on stamp seed. All right, guys, we made it easy for you guys. Scan the QR code over there and get yourself a stamp seed kit. Anyway, Scott, are you there? Can you hear us? Maybe not. Okay. All right. Anyways, let's get into the numbers and we will figure it out. Mike, if you have the private chat, will you try to coordinate with Scott and see what's going on on his end? Anyways, guys, you already know this is the numbers brought to you by KART Moody's Dashboard. And my numbers are different, but they're all the same numbers. I always start with the block height. I think that might be the most important number of all TikTok next block. It's almost like Bitcoin works. And here we are at block height of 808,865. The current Bitcoin price is $26,630 per Bitcoin, which means the Moscow time, aka how much the fiat dollar is worth in Bitcoin, aka how much Bitcoin you can buy for a single dollar is currently at 3,755 sets. Are we going to go bits on you guys today? 375 bits? I don't know. Throw tomatoes all you want. Anyways, the total percentage issued of Bitcoin that will ever be in circulation is at 92.82%. That means 92% of all Bitcoiners that will ever be released, ever be created, are currently circulating. The current market cap of Bitcoin in fiat terms is $519.3 billion. The realized monetary inflation taking fiat currencies to school, as we always say, is 1.75%. The Bitcoin versus gold market cap is currently at 4.02%, not even 5% of gold market cap. And gold market cap is what? Around $10 trillion, guys. And you guys are bearish out there. I can't believe it. Anyways, the total lightning capacity, total public lightning capacity is 4,823.15 BTC. The hash rate the last 90 days is at 386.3 exit hashes and the pending fees, wow, is at 9.23 BTC. I've seen that the mempool has been pretty blocked up. Interesting, interesting stuff. Let's see. Okay. Not sure if our guest is in the chat yet, but anyways, we'll keep it moving. We'll keep it moving. First and foremost, I said we're going to be talking about sovereignty and we've been talking about Rand Paul or Ron Paul on this show all week and basically how we're all just like young Ron Paul-lite, but we wouldn't be here if it wasn't for legends like Ron Paul himself. And I got two videos here. First, I wanted to play this Ron Paul video because I don't know when this video came out, but it looks old and obviously Ron Paul has been talking about this for a while and it's something we say on the show that the things Ron Paul has been talking about couldn't be a reality until there was Bitcoin. And I'm connecting this with a video that I just saw a little snippet from Jack Mallers podcast. He's just having great conversations, breaking the echo chambers and not just talking to Bitcoiners, but adjacent communities as well. And so before I play these, I want you to keep in mind what we're doing here as Bitcoiners. We are obviously taking back the power from the money printer, but in a very real aspect, giving you guys back the power if you choose. If you choose to opt into Bitcoin instead of complaining, I know a lot of people like to complain out there, but we have the solutions today, guys. It is obviously Bitcoin. Anyways, let's jump into this video and then we will get into this conversation. There is no other power greater than the power over money, the power to create and contract the money supply, the power to control the purchasing power of your money. Throughout history, this has proven to be the most sought after monopolistic power of man. It has become more sophisticated over the decades and over the centuries, more sophisticated now and more international in scope than ever before. So I see the issue of power and the control over money as being something that we cannot ignore, we must address. I believe closely associated with this is the issue of morality as well. By what moral right we have to create purchasing power out of thin air, whether it's done by the creation of credit or Federal Reserve notes or whether it's the creation of SDRs in an international scope, by what right do they do this? Is it any more moral to dilute the value of your purchasing power over the money you hold in your wallet than it is for the farmer to dilute the milk supply with water? I would say there's an issue of morality here just as strong as the issue of power.
"house committees" Discussed on Simply Bitcoin
"You're against freedom. Good morning, everybody. What's up? It is Friday, September 22nd. I'm your boy, Opti. And as you can tell, I'm hosting the show today, but the show don't stop. And very interesting stuff that we didn't cover throughout the week. Apparently Tom Emmers has been spearheading this anti-CBDC bill and it passed in the House Committee. And we've been talking constantly about the ideas of CBDCs, the dangers. And I was going to say the pros, but there is no pros to this. This is absolutely nefarious stuff coming out from every country in the world and everyone wants to roll out a CBDC. Well, as I've been saying, there may be still some good people out there. I know we don't like politicians, but there may be some that understand how dangerous a CBDC will be. And they are saying the quiet parts out loud. And I do have some contention. We will kind of talk about this during the news. And the bill will now have to advance to the House of Representatives, but at least the signal is getting out there and it's constantly getting out there. And we're constantly talking about the fact that a CBDC should never happen in the US. It is literally anti-American. And I'm just glad that more people are noticing this. And it's not just simply Bitcoin that is telling you this. It's not just Bitcoiners that are talking about the dangers of CBDCs. Remember what CBDCs really stand for. It is not central bank digital currencies. It is central bank digital control. Remember the meme. And anytime they talk about a CBDC system, remember what it really is about. It is about controlling your behavior, controlling your transactions in a world where they are censoring content creators, independent content creators, where you can't talk about the truth. You think they will let you transact freely if a CBDC system gets rolled out. Don't be naive, guys. This is the last thing we should want. This is the last thing that should ever get rolled out in America. And we know that they're trying to do this everywhere around the world. We've seen that a few different CBDC pilots have been rolled out. We've seen, especially like in Nigeria, that the citizens do not want it. But we even have the memes from Elon Musk about making Twitter be the WeChat of the West. I don't know. It all sounds dystopian to me if you're talking to just a humble Bitcoiner. But anyways, I do have some good videos here and we will be talking about sovereignty in all its forms, whether that's health and education on today's show and rather in life in general. So I think we have set this show up perfectly where I'm going to give you guys some context of why we Bitcoin. Then we'll talk about the news. And then we have a guest here today that I think you guys are going to really enjoy. But of course, I am not alone. But anyways, welcome to Simply Bitcoin. We are your number one source for the peaceful Bitcoin revolution. We cover breaking news, culture and romantic warfare. We bring on Bitcoiners from all around the world, from the biggest names to the everyday savage Bitcoiner. We got them all. And we will be your guide through the separation of money and state. And of course, I'm back with one of your guys's favorite off the bench, Simply Bitcoin co-host, Mike Hobart. Mike, how are you doing today? What up, nerds? I hope you guys are having a good Friday. I just got my Friday started off with a workout and I am still soaked in my own filth. So I'm just rolling in this raw, man. I'm ready to go. Wow. Okay. Let's we'll gloss over that. Okay. All right. Anyways, our guest today is Scott from Free Market Kids. I really, really love what you're doing. I think it's one of the most important things to be doing is not only educating everyone out there, but educating the children so they don't have to deal with the fiat messes. Anyway, Scott, how are you doing this morning? And maybe just TLDR people. What is Free Market Kids? Uh-oh.
A highlight from Tom Emmer's Anti-CBDC Bill Passes House Committee | EP 830
"You're against freedom. Good morning, everybody. What's up? It is Friday, September 22nd. I'm your boy, Opti. And as you can tell, I'm hosting the show today, but the show don't stop. And very interesting stuff that we didn't cover throughout the week. Apparently Tom Emmers has been spearheading this anti -CBDC bill and it passed in the House Committee. And we've been talking constantly about the ideas of CBDCs, the dangers. And I was going to say the pros, but there is no pros to this. This is absolutely nefarious stuff coming out from every country in the world and everyone wants to roll out a CBDC. Well, as I've been saying, there may be still some good people out there. I know we don't like politicians, but there may be some that understand how dangerous a CBDC will be. And they are saying the quiet parts out loud. And I do have some contention. We will kind of talk about this during the news. And the bill will now have to advance to the House of Representatives, but at least the signal is getting out there and it's constantly getting out there. And we're constantly talking about the fact that a CBDC should never happen in the US. It is literally anti -American. And I'm just glad that more people are noticing this. And it's not just simply Bitcoin that is telling you this. It's not just Bitcoiners that are talking about the dangers of CBDCs. Remember what CBDCs really stand for. It is not central bank digital currencies. It is central bank digital control. Remember the meme. And anytime they talk about a CBDC system, remember what it really is about. It is about controlling your behavior, controlling your transactions in a world where they are censoring content creators, independent content creators, where you can't talk about the truth. You think they will let you transact freely if a CBDC system gets rolled out. Don't be naive, guys. This is the last thing we should want. This is the last thing that should ever get rolled out in America. And we know that they're trying to do this everywhere around the world. We've seen that a few different CBDC pilots have been rolled out. We've seen, especially like in Nigeria, that the citizens do not want it. But we even have the memes from Elon Musk about making Twitter be the WeChat of the West. I don't know. It all sounds dystopian to me if you're talking to just a humble Bitcoiner. But anyways, I do have some good videos here and we will be talking about sovereignty in all its forms, whether that's health and education on today's show and rather in life in general. So I think we have set this show up perfectly where I'm going to give you guys some context of why we Bitcoin. Then we'll talk about the news. And then we have a guest here today that I think you guys are going to really enjoy. But of course, I am not alone. But anyways, welcome to Simply Bitcoin. We are your number one source for the peaceful Bitcoin revolution. We cover breaking news, culture and romantic warfare. We bring on Bitcoiners from all around the world, from the biggest names to the everyday savage Bitcoiner. We got them all. And we will be your guide through the separation of money and state. And of course, I'm back with one of your guys's favorite off the bench, Simply Bitcoin co -host, Mike Hobart. Mike, how are you doing today? What up, nerds? I hope you guys are having a good Friday. I just got my Friday started off with a workout and I am still soaked in my own filth. So I'm just rolling in this raw, man. I'm ready to go. Wow. Okay. Let's we'll gloss over that. Okay. All right. Anyways, our guest today is Scott from Free Market Kids. I really, really love what you're doing. I think it's one of the most important things to be doing is not only educating everyone out there, but educating the children so they don't have to deal with the fiat messes. Anyway, Scott, how are you doing this morning? And maybe just TLDR people. What is Free Market Kids? -oh.
A highlight from This Altcoin Just WON BIG! (Huge SEC Loss)
"What's up, crypto fam? Welcome back to the most talked about show on the entire interweb. Today, you're gonna be joined by Joshua Jake, who is myself. I'm going to be coming from TikTok. A lot of you in the chat already know who I am. And I'm excited to be here. We have a lot to break down with these markets. We had some huge announcements come from some lawsuits with Uniswap, which are going to impact Gary Gensler and his entire motion in attacking the crypto sector. And of course, today, I am joined by Deezy himself. So thank you for having me here today. Deezy's in the corner today, folks. Deezy's in the corner. How are we all doing today? Hit that like button, everybody. Hit the like button, hit the like button. So they're jumping straight into markets here today. Bitcoin coming back down a little bit off this initial pump up to the 28 ,000 levels. We had a massive spike, right? Everybody was talking about we're going back down. We're going back down to 23 .8. We're gonna go back down to 22 .7. We're sitting in panels all this last week, people trying to figure out where prices were gonna go. And we had some pretty bullish opportunity this week with the Grayscale announcement. So ,661 27 right now for Bitcoin. We have Ethereum sitting at a 1 ,700 level. And in terms of markets, we're gonna click on this 24 % right here. We're seeing some pretty big gains. Bitcoin Cash, TON, XDC, which I was watching yesterday's show. And Deezy actually pointed this out. XDC does always seem to be with Stacks in that top moving section. It's always pumping. Yeah, then you got Phantom and Injective. I don't know what it is. They just like to move a lot. Is it no liquidity for these coins? What's going on? I mean, don't tell that to their communities. They're gonna believe that liquidity is sitting there very well. My order book is the thickest order book in all the order books. Yeah, there's nothing going on the inside there. But yeah, seeing some good price action once again today. Stacks obviously is gonna be moving with the Bitcoin announcement. That's gonna be your direct layer one that's building those smart contract protocols and bringing those smart contracts to Bitcoin's network. So it makes sense that it's moving with this price action. But we're gonna jump into the first article because this is gonna spark a massive discussion lawsuit with Uniswap dismissed, DeFi crypto exchange not liable for scam tokens. This is huge. There is going to be a claim coming out from these judge once we get down the article just a little bit more. I'm gonna go through all the highlights here with you guys. But a class action lawsuit brought against Uniswap was tossed out by a district judge on Tuesday who found those associated with the decentralized exchange were not liable for so -called scam tokens that purportedly burn traders. So this is big. This is a big news, especially for decentralized exchanges. I think a lot of people in this industry are scared of the phrase DeFi is dead. And what I mean by that is this is a huge conversation that people don't really know where compliance is, KYC, and the way that the United States is not only lagging behind on regulations, but they are worried about in terms of what does that mean for a lot of these decentralized exchanges and the tokens that they're gonna be trading on these platforms. So I don't know if you've used Uniswap a lot, so if you're gonna be looking from pancakes, I don't know where your fan base token is gonna be for your DEXs, but what have you seen coming out of these centralized or decentralized exchanges with these lawsuits? What does this mean for you? Well, it's always funny. It's like, all right, where are we serving these subpoenas? Who are we suing? Are we suing the guy that pays the light bill? Are we suing the guy that has the domain? Are we suing the guy that has a Twitter account? There's varying degrees of decentralization. I'm more excited about disclosure. We could kind of peek behind the curtain and actually see, are you really a decentralized exchange or you've just been centralized this whole time. It's like Scooby -Doo. What are we gonna see when we rip the mask off? That's so true. You run in between the door. I feel like that's how our regulators work. They're just running into doors that they don't know and they just keep popping out in the hallway back and forth, and it's never ending. But so some of these tokens that were included in this lawsuit were Matrix Samurai. I don't hold any of these, but it's Rocket Bunny, Alpha Wolf Finance, and Southern District of New York judge Kathryn Falia, Polk and I might be mispronouncing that one, who dismissed the case, said the plaintiff's dilemma is the pseudo -anonymous nature of those token issuers. So again, huge win for this industry, huge win for crypto. And if I scroll down right here, this is probably the most important phrase. I'm actually looking for it as I scroll down here. Here it is, the lack of clarity. So the lack of clarity surrounding how securities laws apply to DeFi was noted by the judge. Reference a warning from Securities and Exchange Commission chair Gary Gensler in September 2021. That class of projects were under increased scrutiny. Now Gary's really not, I don't think anybody in this chats, I know everybody on the stage, who may not be the most ambitious people towards, you know, we're not the biggest fans, but I'm trying to find, I don't think we highlighted it here, is going to be the fact that out of this lawsuit, the judge did say that both Ethereum and Bitcoin were commodities, and that is a massive breakthrough for the entire crypto sector. If you guys come from the XRP community, you would know that Bill Hinman and the entire things that went on over the summer, we needed that clarity. We don't have those security laws and everything implemented. We don't know where the regulation is for the future of these tokens. But as a commodity, this is a very interesting topic because they didn't say digital currency. They clearly didn't say, you know, a security. And if this means a commodity, what is the outlook for this? Because this brings in the questions. This brings in, okay, now is there gonna be more compliance measures from a commodity -based token? If you're gonna be looking at Ethereum, now there's gonna be market manipulation laws and everything that they have to address that we're now gonna have to see in court. So very interesting, at least from the terms of Ethereum, and comparing that to Bitcoin, because they're completely different functionalities. Yeah, and just kind of what I was saying earlier, we get to peek underneath the hood, see what's going on. Have they been doing those oil changes? What is up with the gas? So it'll be interesting. It definitely will, it definitely will. I'm excited for it though, guys. This is a huge moment for the industry. It's coming off the grayscale when the SEC's losing back -to -back lawsuits. Uniswap taking this beautiful, beautiful victory lap, and that leads us perfectly into the next article right here with SEC Chair Gary Gensler to testify before Congress twice this September. Now, out of this, we're looking at the Securities and Exchange Commission, guys, to testify twice, we're reading that twice, but in front of the House Financial Services Committee on September 27th. So the hot seat here is gonna be Gensler has been under fire for his comments about firms they need to register with the SEC. The House Committee on Financial Services asserted that Gensler's push for registration is a willful misrepresentation of non -existent registration process. So, and we all know this, we all know this, we've seen the regulatory by -enforcement, we've seen them come out and battle not only the CFTC, Congress, our politicians, our government, the United States has no idea what they're doing. You have Jerome Powell with the Federal Reserve now coming out and obviously stepping on Congress's toes by issuing new advisory boards that are gonna be advising and supervising stablecoins, which is a direct threat and competition to the policies Congress is pushing in. And then on top of this, you have the people supposed to be protecting investors from the CFTC and the SEC just clashing heads nonstop. And so this is just, again, another moment we're gonna be seeing Gary Gensler in the hotspot, especially as he just lost, again, multiple lawsuits back to back, and yeah, I mean, I'd be scared to be in his position. Is he gonna get the grilled treatment by the House subcommittee, the Fauci treatment, as some people call it? Yeah, I mean, look at this. He's what, a year away from proving that he deserves this position. And it's not only just the people that are saying, hey, we need to fire Gary Gensler. You've seen the hashtags trend on Twitter. This is more than that. This is committee members, this is people of Congress, this is, I think, even Elizabeth Warren has said things now as well. These are things that are putting him, again, in that hot seat. Moving on to our next article here, though, this is probably gonna be one of the most favorite announcements today, but it's gonna be, XRP may have just become one of the biggest threats to big banks following Ripple's historic SEC win.
A highlight from Congress Defending Crypto! (Gary Gensler's Pawns Exposed)
"It was a rush job to replace Sam Bankman -Fried and FTX because they lost them. So I think that's the best take. Yeah. It was a rush job. They had a hold. Meanwhile, they're like all these moving parts and like, guys, we got to do it. We find somebody. And then Promethean was like, hey, I'll do it. So they just created this entity. Promethean. Looks like we have a little press release here. Republicans, press regulators regarding Promethean's special purpose broker dealer approval. Pat McHenry from North Carolina led the committee here in sending letters to FINRA president Robert Cook and SEC chair Gary Gensler regarding Promethean's approval as the first and only special purpose broker dealer for digital assets. Kind of, they came out of nowhere, got all these approvals and no one ever heard of them before, you know, we covered it months ago. What the heck is Promethean? Where's Promethean coming from? We discovered a lot of insiders. Well, you know, some Republican senators looks like they had some issues with it. Here we have a quote. I think this is McHenry here. The timing and circumstances surrounding the approval of Promethean as the first special purpose broker dealer here raises serious questions. The approval comes as the committee is considering addressing gaps in the regulation of digital assets. We held a joint hearing just seven days ago prior to the approval of this asset or SBBD. In that hearing, members discussed their plan to propose legislation on digital asset market structure. While Promethean claims it is a silver bullet for digital asset offerings, it has not yet served a single customer. There's also refused to make public the digital asset securities that they would support on his platform. And since they're limited to digital asset securities, the SEC has refused to provide any biting guidance on what digital assets are securities. It is unclear what assets would even be eligible here. I want to show this story as well. They respond. All right, so we got to respond. So we got the Republicans. They're like, hey, this is fishy stinks. You know, they're ripping the mask off like it's Scooby Doo. Something's not right here. What are your thoughts on the approval? Do you think there's any chance that there's no insiders? No, there's absolutely insiders. And the fact that Congress is noticing is actually a breath of fresh air. But there's clearly fishiness. Ben made a video. We posted it, what, two weeks ago, three weeks ago, maybe at this point, just on the sketchiness of this entire story. It's the coincidence is just go too far to not have some weight to them. All right. We have Asmyr. F this ATL traffic. Hey, ATL in the house. Boomer Sooner. Do this move. That's what I know. Actually, do that. Or you do the, uh, the wafting, uh, move to it's like a drowning man. All right. Uh, Promethean responds to Republican concerns on the FINRA and the SEC approval. So Promethean, they got a little response here. There's a Pacma Henry. He's the one, you know, raising the questions. So the, the LLC, the response takes the spotlight amid growing concerns raised by members of the house financial services committee. Uh, here we have a friend of the channel, Eleanor Terrett, uh, tweeting about it as well. And reactions, uh, Promethean issued a statement. The purpose built its technology with the goal to develop a market infrastructure for digital asset securities that is compliant with federal securities laws. So they basically said nothing while saying a whole lot of something there, uh, in separate letters from house committee, Pat McHenry and 22 other members that they directed it to the CEO of FINRA and Gensler. And then, you know, we kind of covered this, uh, just kind of covering their concerns regarding the timing of the approval. One of the authors of the letters voices reservations and called for transparency regarding the approval of a company with strong ties to the CCP. Meanwhile, Coinbase, uh, CEO praise the letters and shared his concerns. Remarking blatantly political behavior from a regulator undermines trust in our institutions further emphasize the importance of equal treatment for all under all individuals under the law. Uh, Hey, what do we have here? Adding to the conversation crypto influencer BitBoy crypto echoed similar concerns regarding the links to the sec, suggesting a potential undisclosed crypto takeover plan involving the crypto startup and the sec chair. Uh, I will say this it's going to be interesting. So defense industry. All right. So every time you see a general talking about, you know, Hey, we got to do this. And you know, they're on these committees and joint national, where do they end up? They end up at like Raytheon. They end up at a Lockheed Martin, you know, they, they end up in these other companies. We're going to follow Gary Gensler. And do you think Gary Gensler, you know, I think going to have too much of a spotlight on it. He's not going to be able to take that Promethean advisor. I don't, I think we're, he's going to have too much of a spotlight to do those hundred and $50 ,000 speaking zoom call. Um, but it's too much. It was a rush job to replace Sam Bankman freed and FTX because they lost them. So I think that's the best take. Yeah. It's it was a rush job. They, they had a whole meanwhile, they're like all these moving parts and like, guys, we gotta, we gotta do it. We find somebody and then a Promethean was like, Hey, I'll do it. So they just created this entity, uh, controlling humans. Isn't it as easy as it used to be Mark, the shark. That's what he says. Yeah. Dang that pesky internet and, uh, you know, people, you know, sharing ideas and, you know, uh, objectives. Yeah, that's true. Although we do have big tech censorship. Drew, what are your thoughts on big tech censorship? Is it overblown understated? Understated. I would say so. And I it's, it's got amazing capabilities. You can speak in metaphors about specific information that's public domain, and you can be kind to the community and the algorithmic robots will still find you. So it's got very powerful potentials that I've experienced personally.
A highlight from MASSIVE Crypto News To CRASH Prices?
"We are, uh, here in the Bahamas. We are going to make it right. If you became a millionaire, would you keep working? The commander is here. What's going on right now is California's trying to figure out if this is going to be something that will pop your butt. Yeah. Oh, I can. Welcome to BitBoy Crypto! We're just talking about the Joker movie, everybody. Today is August 16. It's 1130 a .m. because we always start on time. We're going to have an hour -long show talking about crypto. We're going to talk about Coinbase. We're going to talk about a secret ETH whale that is a former president. You're going to want to stick around for that one. Also, some CFTC stuff. Another crypto millionaire found dead and some Thor chain stuff. So all my Thor fans, Chris Hemsworth, not Liam. We don't like Liam, right? Because the whole thing he did, he cheated on his wife. Yeah. But we do like Thor. I'm down with Thor. We're down with Thor. And he's got a little bit of time left before dementia kicks in, so. Alright, alright. Well, let's get right to the show, guys. Make sure you follow us, you know, and make sure you go buy some merch at hitmerch .com. You can see this cool ATB hat I got on, the cool ATB hoodie. Let's look at the crypto markets, though. How are they faring? We're going to go ahead and hit refresh. Oh, I want to give a shout out to a BitSquad member. They threw away the piece of paper with your name, but he gave us a mouth. Where's the mouse? Uh -oh. The mouse moved. Yeah, we had a BitSquad member send us in a Logitech with a track wheel. It was here last night. Owen. It's Owen. I'm going to get to the bottom of it, and, yeah, well, they threw away your name, buddy, but we appreciate the mouse there for us trackpad challenge folks, though. But let's look at the crypto market. It looks like it's taking a little bit of a tumble down. We are now down 1 .6%. We've fallen below 1 .2 trillion. I feel like we've been above that for a hot minute. 24 -hour volumes coming up a little bit. It was in the 30s. Now, we're at 41, basically $42 billion. Bitcoin dominance risen a little bit. It was 46 .9. Now, we're at 47 .3. Gas coming in at 36 Gwei. Bitcoin is down 0 .8%, and Ethereum is down 0 .9%, but some of these alts are really bleeding, folks. So, the alts are taking a hit. BNB isn't really feeling too much pain at 2 .3%, but XRP is down about 5%. Dogecoin down about 6%. Cardano down about 5%. Solana was 7%. Now, it's down about 6 .5%. Polygon down about 6%. What was that 7 % I just saw? SHIBA in you. Should have sold it. Should have sold. The sell wasn't in me. That's also down as well. Is the money flowing to... How do you say this coin, Tim? Yeah, I was talking about it this morning. See or say has to be the two options here. So, let's go with say. I'm going with say. I say say. Yeah. I think a lot of money is flowing into say. You see the 24 -hour volume is $1 .2 billion. Now, that could be $1 changing hands a billion times. But volume significant right here. The market cap is coming in at $380. That's not most of the tokens being sold for that much, but, you know, the tokens that are circulating, it is up. Do you think some money flowed into say? Yeah, I mean, clearly. I don't know if you saw it there, but on CoinMarketCap, it's up over 2 ,000. It was 2 ,100 % in the last 7 days. So, a lot of money flowed in, but if you look at the tokenomics, a little more than 10 % of the max amount of tokens are actually operating. So, not necessarily something I'm rushing to buy in, especially after the last 7 days being up over 2 ,000 % and the fact that it's the tokenomics are all good. I'm not buying yet. We'll have to see more developed before I'd be willing to buy. I looked at CASPA an hour and a half ago. It hadn't moved up that much. Maybe it was just a dip about 24 hours ago. CASPA is one of the top gainers of the day along with say CASPA up 6 .1%. But other than that, largely flat and then into the negative, but alts are bleeding, folks. We have HBAR, had big news, bullish news, now down 12%. Terra Luna's down, of course. Apecoin, down 10%. IMX, down 10%. Uniswap, you know what I'm seeing here, Tim and Drew, I'm seeing a lot of the SEC listed coins and the 48 coins listed in the Binance .US and I think Coinbase suits there. So, a lot of those coins that were listed in that Coinbase suit, they're beaten down. Do insiders know something, you think? Maybe, I don't know. Is there, yeah, there's no news that would bring them down necessarily. I just thought the whole crypto market as a whole is taking a little bit of a bath. All right, Servanda Estrada comes here for the nonsense. I like Eric Estrada, Chip, California Highway Patrolman. Servanda Estrada is one of my favorite names to read when we read names on Investing Bros. So, shout out to Servanda. Good to see you here. All right, all right. We also have Crypto Brat. Okay. All right. They get bratty when it goes down, I guess. Any thoughts on the new Celsius disclosure statement? We're talking about it, I need to dive down into it. It's a lot of moving parts, so I don't want to just have a cursory glance of the facts when still a lot of things we might not know. All right, let's talk about Promethium here, folks. Wait a minute, first, yeah, yeah, Promethium. Looks like we have a little press release here. Republicans, press regulators regarding Promethium's special purpose broker dealer approval. Pat McHenry from North Carolina led the committee here in sending letters to FINRA President Robert Cook and SEC Chair Gary Gensler regarding Promethium's approval as the first and only special purpose broker dealer for digital assets. They came out of nowhere, got all these approvals, and no one ever heard of them before. We covered it months ago. What the heck is Promethium? Where's Promethium coming from? We discovered a lot of insiders. Well, some Republican senators, looks like they had some issues with it. Here we have a quote. I think this is McHenry here. The timing and circumstances surrounding the approval of Promethium as the first special purpose broker dealer here raises serious questions. The approval comes as the committee is considering addressing gaps in the regulation of digital assets. We held a joint hearing just seven days ago, prior to the approval of this asset or SBBD. In that hearing, members discussed their plan to propose legislation on digital asset market structure. While Promethium claims it is a silver bullet for digital asset offerings, it has not yet served a single customer. There's also refused to make public the digital asset securities that they would support on his platform. And since they're limited to digital asset securities, the SEC has refused to provide any biting guidance on what digital assets are securities. It is unclear what assets would even be eligible. Here, I wanna show this story as well. They respond. All right, so we got a response. So we got the Republicans. They're like, hey, this is fishy. Stinks, you know, they're ripping the mask off like it's Scooby -Doo. Something's not right here. What are your thoughts on the approval? Do you think there's any chance that there's no insiders? No, there's absolutely insiders. And the fact that Congress is noticing it is actually a breath of fresh air, but there's clearly fishiness. Ben made a video. We posted it, what, two weeks ago, three weeks ago maybe at this point, just on the sketchiness of this entire story. The coincidences just go too far to not have some weight to them. All right, we have Asmyr, F this ATL traffic. Hey, ATL in the house. Boomer Sooner, do this move. That's what I know. Actually, do that or you do the wafting move too. It's like a drowning man. All right, Promethium responds to Republican concerns on the FINRA and the SEC approval. So Promethium, they got a little response here. There's Pac McHenry. He's the one, you know, raising the questions. So the LLC, the response takes the spotlight amid growing concerns raised by members of the House Financial Services Committee. Here we have a friend of the channel, Eleanor Terrett, tweeting about it as well. In reactions, Promethium issued a statement. The purpose built its technology with the goal to develop a market infrastructure for digital asset securities that is compliant with federal securities laws. So they basically said nothing while saying a whole lot of something there. In separate letters from House Committee, Pat McHenry and 22 other members, they directed it to the CEO of FINRA and Gensler. And you know, we kind of covered this, just kind of covering their concerns regarding the timing of the approval.
A highlight from Worldcoin goes Live, Bank of Italy taps Polygon, Avalanche asset tokenization
"Hey everyone and welcome to the Defiance Weekly livestream where we recap all the major news from the week with our print team. I'm YYC Trader, Head of News at the Defiant. I'm joined by our staff reporters Owen for now and Jeremy Nation. And there was somewhat of a slow week in terms of market action. There was a lot of news. We had yet another rate hike from the Fed. Congress seems to be making some moves with regards to crypto regulation with the House Financial Services Committee advancing a bill that could finally provide some clarity to the crypto industry in the United States. Again, it's just the House committees, the bill still has a long way to go, but it's a great first step. And of course we had the World Coin launch. They launched the token, which is trading at quite a lofty valuation in the tens of billions. And this is a controversial project because, you know, for those of you who aren't familiar, they have these orbs, which are pieces of hardware that they use to scan people's retinas, which is supposed to, you know, be a proof of unique persona. So something that can't be faked and well, that's the idea behind it. But there's obviously a lot of controversy over the privacy angles and, you know, financial motivations behind the project. So we're going to dive into all that and more. But before we get started, a quick thank you to our sponsor. The show is brought to you by Arjuna. You can borrow and lend with almost anything in your wallet using Arjuna. More about them later. So let's get started with the Fed and the rate hike that took place on Wednesday. Owen, do you want to run us through that? Yeah, let's take it away. So on Wednesday we saw a 25 basis point hike, which in, I think there have been maybe 10, more than 10 rate hikes since the Fed started raising, I think in March 2021. So it seemed like the most muted response I'd seen since the rate hikes happened. It seemed like everyone expected it and markets didn't blink either way. I mean, I saw people joking about how little the markets reacted and how little new information we got from that hike. And, you know, we had Alex Kruger on the stream a couple of weeks back and he did a message a little bit with him. And what he said was that now we're entering a permanent pause period. The Federal Reserve is now adopting a more data -driven approach. So he thinks to see another rate hike, we'll need two consecutive strong readings in inflation and labor data. So yes, maybe the end of rate hikes, which is interesting that we're in a wait and see period for the first time. It seems like if Alex is correct. So that was the big news on there. I mean, big news. It was funny kind of starting to write a story about that. I was like, man, markets aren't moving like, you know, it's kind of hard to figure out a headline. So that's it on markets. And we did see also, I mean, on the same day, we saw the House committees. On that day, we saw the Financial Services Committee move out the major crypto bill out of their committee. And then the following day, the Agriculture Committee did the same. And that was big news, which actually didn't move markets.
FBI Tipped Off Biden Team About Plan to Interview Hunter
"We find out that a former FBI agent has now confirmed under testimony, I believe given, key portions of the original whistleblower's shapely testimony in the Hunter Biden probe. And that's just out this evening. The House Committee on Over, like I said, I saw the tweet not too long ago. The House Committee on Oversight and Government Accountability announced that committee staff conducted a transcribed interview with a former FBI supervisory special agent assigned to the FBI's Wilmington office. That would be Wilmington, of course, Delaware, where all investigations in the Bidens go to die, but maybe not. And the Biden criminal investigation earlier today, and that the witnesses had confirmed key portions of the IRS whistleblower's testimony in the matter. As seen in the transcripts of committee staff interviews with the two IRS whistleblowers who apparently worked with this former FBI supervisory special agent, witnesses are advised that giving false testimony to committee staff is a crime prior to the commencement of the interview, which of course he was. And then Comer says today, this is a quote from his press release tonight, a former FBI supervisory special agent assigned to the FBI's Wilmington office and the Biden criminal investigation confirmed key portions of the IRS whistleblower's testimony. The night before the interview of Hunter Biden, both secret service headquarters and the Biden transition team were tipped off about the planned interview. So here we go again. On the day of the Hunter Biden interview, federal agents were told to stand by and could not approach Hunter Biden. They had to wait for his call. Now, and this is what we heard from Shapley that they couldn't go into the storage unit. And when he was out, I believe in California, and they were trying to interview him and they figured we'll just get them there. They tipped them off that they were coming there as well. So they never did that. As a result of the change in plans, IRS and FBI criminal investigators never got to interview Hunter Biden as part of the investigation. The justice department efforts to cover up for the Bidens reveals a two tiered system of justice that sickens the American people. The oversight committee, along with the judiciary committee and Ways and Means Committee will continue to seek answers, transparency and accountability that the American people deserve and demand. So that from Comey. Now, key points of the witness testimony according to the committee. Number one, as part of the criminal investigation, there were multiple witnesses interviews that were planned for December 8th of 2020. IRS supervisory special agent, Gary Shapley and the former FBI supervisory special agent who they interviewed today were assigned to interview Hunter Biden. So both guys who have testified now were the two guys who were supposed to interview
"house committees" Discussed on 77WABC Radio
"They turn the other way Biden with and the millions that he's received I don't want to hear it and then of course Hunter Biden he owed million dollars in taxes over two years Biden pay him didn't pay his taxes he just assumed they'd leave him alone and you know what they would have but for the fact that his old man elected got or at least purportedly did but he had but he had but he had to do something so somebody paid his taxes for we we still don't know who somebody paid his taxes for no special counts to investigate Joe Biden on actual findings by a house committee then we have John John Carl from ABC you can't prove anything you're hey moron the reporter can somebody tell me what John Carl has done to dig into these shell corporations nothing how many stories has John Carl broken about money coming into the Biden family coffers from communist China or one other front those were all related to how many stories has he broken none how about any the barisma connections many how stories has John Carl broken none see that ass see that pal you don't even investigate these things you just pontificate why are you reporter you're nothing I don't have to take a break do I Rick I guess I do more turn I'll be right back on 77 W we're going abroad for the first time in years to Spain but we don't speak Spanish so started we using battle and started learning Spanish fast with babel you can start having conversations in another language in just three weeks babbles conversational method teaches you real -life words and phrases with babbles interactive bite -sized lessons you'll remember what you learned como te llamas como te llamas when you learn a language you want to actually use it babble is designed with that goal in mind in just three weeks for starting to have conversations in Spanish estoy muy emociano alo para ira España contigo oh he just said I'm very excited to go to Spain with vamos a tener mucha titration and that means we're gonna have so much fun gracias babble babble language for life celebrating 10 million subscriptions sold now try babble for free at babble .com just go to babble .com and start learning a new language today that's babble .com you don't want to mess with the IRS they have the power to garnish your paycheck levy your bank accounts and even take your home or business that's all true but thankfully they're offering a way out the fresh start initiative if you qualify you could save thousands the experts at Optima tax relief will fight to get you the best deal and possible they have an A plus rating with the Better Business Bureau to prove it. Call Optima for your free consultation. Call 800 -346 -1213 800 -346 -1213 Optima Tax Relief. For details visit OptimaTaxRelief .com Listen to this podcast now on the Red Apple Cash Network. Dominic Carter City Hall. Bud Lights parent company Anheuser Bush has stepped in it in a big way losing 27 billion with the B in stock value over Dylan
Trump "upset" and "angry" but "not worried" about indictment, attorney says
"More information is emerging about the indictment faced by former president Donald Trump. I Norman hall. Two people familiar with the indictment had to down against the former president by New York grand jury, told The Associated Press that Donald Trump is facing multiple charges of falsifying business records, including at least one felony offense. The indictment against him remains sealed, but details were confirmed by people who requested anonymity. Meanwhile a letter from Manhattan district attorney Alvin Bragg to three Republican House committee chairs urges them to refrain from inflammatory accusations withdrawal demands for information and
Rep. Ken Calvert Discusses the Needs of the U.S. Navy
"Minutes actually ran a story on Sunday Night about the decline in the United States Navy and it's underfunding. Jerry Hendricks wrote a piece in the Atlantic about it this month and finally we've got people in charge of defense subcommittee in the house Ken Calvert to be specific and old friend of mine and he joins me now. It's chairman of the DoD subcommittee. That's the subcommittee of the House committee on appropriations that funds The Pentagon. Good morning, congressman Calvert. Welcome back. Good morning, you. You just got back from the Pacific. What did you find out? I found out that we're weak in the Pacific and that we need to get we need to get to work. We have a lot of things we need to do. Happily, we have allies. Japan is doubling their defense spending. Taiwan is obviously very concerned and we're trying to arm them up get to deterrence and there they need as quickly as possible. And of course we still have problems in South Korea. Because of what's going on in the north and you continuing tests that Kim Jong-un is carrying out. So congressman, you are now chair. You're the guy on defense appropriations and pretty much the full committee will accept what you come forward with. Are you going to remedy the gap? I mean, we have a huge navy gap, a huge navy gap with China. Are you going to help remedy it? Oh, absolutely. I met with the CNO yesterday at McGill day. We were going through that, as you know, we're down to 296 ships. Unfortunately, the navy is asking the fund 9 ships and proposing to decommission 11. It's pretty hard to get our ship numbers above 300 if we decommissioning more ships than we're building.
Manhattan DA rejects GOP demand for info on Trump case
"The district attorney for Manhattan, New York has made clear. He will not be sharing documents surrounding the hush money investigation into Donald Trump with members of Congress. House Republicans had sought documents and testimony about the case. Calling the grand jury investigation into Donald Trump, quote, an unprecedented abuse of prosecutorial authority. In a letter obtained by The Associated Press, the general counsel for Manhattan district attorney Alvin Bragg slammed the congressional request as an unlawful incursion into New York's sovereignty, adding that Donald Trump's lawyers reportedly urged three House committee chairman to intervene after Trump created a false expectation. He was going to be arrested this week and says that is not a legitimate basis for a congressional inquiry. The 5 page response from Bragg's office marks a public acknowledgment, a grand jury is currently investigating Trump, although there appears to be a pause this week in his case. I'm Jackie Quinn
TikTok CEO faces off with Congress over security fears
"TikTok CEO appears on Capitol Hill today to face a grilling by U.S. lawmakers. Some politicians have started talking about banning TikTok. The CEO of TikTok reached out directly to users ahead of his appearance before the U.S. House committee on energy and commerce today. Amid escalating U.S. China tensions shows the Chu will be making a case for why the popular video sharing app isn't a national security risk, at a White House briefing yesterday, National Security Council spokesman John Kirby wouldn't confirm reports that the Biden administration is asking the Chinese company ByteDance to sell the app, amid concerns that user data could end up in the hands of the Chinese government. We've made very clear our national security concerns about that particular application. That's why it's been banned on government devices. TikTok has been trying to sell officials on a $1.5 billion plan called project Texas, which routes all U.S. user data to domestic servers owned and maintained by software giant Oracle. Texas business owner gohar Khan is one of the influencers lobbying against a ban. Was brand deals would go away and so was 60% of my consulting business. Jennifer King, Washington
TikTok CEO Shou Chew Is Set to Testify Before House Committee
"All right, so we've got shoes echo is going to testify today on why TikTok isn't a menace. Well, TikTok is a menace. And we know it's a menace. And The Wall Street Journal reports that TikTok reassures advertisers over the ban that is threatened. You can't reassure advertisers because TikTok is an engine of the Chinese Communist Party. It's that simple. And the dossier they are collecting on you and your children, if you use it. And what the malware, they may have inserted into your system, they may be listening to you right now. Do not underestimate what the Chinese communists do, and they're doing it through TikTok. But The New York Times cautions pulling the plug on TikTok will be a lot harder than it looks.
Powell says 'no decision' on the Fed's next move on rates
"The Federal Reserve's chief says the Central Bank has not yet settled on how much it will boost its key interest rate at a meeting this month. Yesterday, Jerome Powell sent stocks tumbling by telling a Senate panel. If a totality of the data were to indicate that faster tightening is warranted, we'd be prepared to increase the pace of rate hikes. This morning, he offered a caveat to a House committee. If. And I stressed that no decision has been made on this. Powell appears to be trying to knock down any assumption that the feds set for an aggressive rate hike based on recent data showing strong economic growth and still high inflation. He says there are several important reports coming and the fed will closely analyze them before meeting in two weeks. Sagar Meghani at The White House.
A 'Fauci' Cover Up? Shocking New Emails Revealed
"Such a shocking report here, new emails between doctor Anthony Fauci and other key scientists were just released by the select subcommittee on the coronavirus pandemic. This is the GOP led committee and its accusing Doctor Fauci of prompting or commissioning a scientific study to disprove and the speculation that the virus may have come from a Chinese lab. According to this memo, new evidence released by the select subcommittee suggests that, well, Doctor Fauci prompted the whole thing, the drafting of a publication that would disprove the lab leak theory. The authors of this paper, they made evidence available to the public that they sought out. In other words, they had a thesis or Fauci, and they were instructed to solve for it. On February 1st, 2020, Doctor Fauci along with doctor Francis Collins in 11 other big deal scientists, they were on a call together and they were warned that coronavirus may have been leaked from a lab in Wuhan, China. And what's more? They were warned that it may have been intentionally genetically manipulated. So they got that warning, and then what do you know, a few days later, three of the participants on the call they came forward authoring a paper that dispelled the notion that the virus may have originated in, a Chinese lab. This paper was called the proximal origin of SARS CoV-2. The paper was allegedly written it Fauci's prompting, in fact, they sent the author sent the draft to Fauci for editing and approval according to the House committee ahead of its publication in nature medicine. And then, when they sent it over to nature, medicine on February 17th, the studies author, doctor Christian Anderson, he's the one that submitted it, wrote in a cover email that. And I quote, there has been a lot of speculation, fear mongering, and conspiracy theories put forward in this space. This paper was prompted by Jeremy Farr, Tony Fauci, and Francis Collins.
Rep. Jesus Garcia Booted from House Committee Following Alleged FTX Ties
"5 p.m. Sunday February 19th, 2023. Representative Jesus Garcia booted from House committee following alleged FTX ties. Democrat representative Jesus two E Garcia has been removed from the House financial services committee following the overtaking of the House of Representatives by Republicans and the implementation of Kevin McCarthy as House speaker. Jesus Garcia says by the committee position the decision to have Garcia removed appears to stem largely from allegations that he accepted. The post representative Jesus Garcia booted from House committee following alleged FTX ties appeared first on live Bitcoin news.
$60 Billion in COVID Fraud? Try $4 Trillion
"60 billion in COVID fraud they write triforce trillion And this is what the party of the left and many of the rhinos this is where they drag us and take us And this is why there is now resistance in the house among conservatives and hopefully the majority To keep paying for this stuff we don't even know where this money is As auditors and congressional investigators try to figure out just how much federal COVID relief went to fraudsters They're missing the trillions Trillions of dollars in fraud committed by the federal government itself In a war that had no chance of winning Last week the government accountability office reported that fraudsters took about 60 billion in unemployment checks That's on top of the tens of billions in fraudulent claims made through the paycheck protection program that tens of billions handed out through a small business administration program and on and on So you might wonder where's the FBI They are vigorously chasing down people all over the country who were parading on the lawn of the capitol building They're busy chasing down Racists Who aren't white Cops 5 black cops who killed a black young man They have the civil rights division looking into this This Wednesday the House committee on oversight and accountability will hold a hearing to investigate rampant waste of taxpayer dollars Representative James comer the chamber of the committee said we owe it to Americans I like this guy comer a lot To identify how hundreds of billions of taxpayer dollars spent under the guise of pandemic relief for lost to waste fraud abuse and mismanagement
"house committees" Discussed on Bloomberg Radio New York
"Facebook and Twitter were grilled at a House committee hearing in March of last year about how they moderate or fail to moderate content posted by users. There was a lot of discussion of section two 30 of the communications decency act, Google's chief executive officer Sundar Pichai, told lawmakers that revoking section two 30 would revert content moderation to the early 1990s before that protection from lawsuits existed. We strive to have transparent policies and enforce them without regard to politics or point of view. Our ability to provide a range of information and viewpoints while also being able to remove misinformation is possible only because of legal frameworks, like section two 30. Congress has taken no action, and so now the Supreme Court has decided to step into the middle of the politically fraught debate over section two 30. Joining me is Eric Goldman, a professor at Santa Clara university school of law, and the co director of the school's high-tech law institute. Explain section two 30 for us. Section two 30 says that websites aren't liable for third party content. It's a really simple premise. The idea is that people who post content take responsibility for it, but the services that they use to post that content don't. So now, both cases here involve terrorist attacks abroad. Tell us about the case against Google first. Well, I really both of them involve pretty much the same set of facts. They involve terrorist attacks abroad that were allegedly related to social media. And the relationship can vary based on the facts, but the general gist is that the terrorist organizations recruited and radicalized readers online and because of that the services now take responsibility for the actions that are done by these terrorist organizations or the people that they radicalized. So is this about the algorithm generated recommendations? What are those part of it? But you can look at it a little bit more broadly. I think the starting premise is that the terrorist organization should never be online in the first instance. And if they are online, then the social media services giving them that support now take responsibility for any of the consequences that flow from the visibility that they gain online. So it's really one of these situations where social media services are just one of many possible contributors to the outcome. And we don't hold everyone who has that kind of tenuous connection to a terrorist attack responsible for the attack in the first instance. Isn't it a leap for the plaintiffs to go from showing social media postings to proving that the platforms were responsible for international terrorism? It is a leap and that really gets to the core of the underlying social question. Here, assuming that a terrorist attack is done by an individual who's had many relationships in life, they have a landlord, or they have a Homer's association. They have a job. They took the bus to work or they have an Internet access provider who allowed them to connect to the Internet. All of those people in theory are all some very indirect contributor to the activities of this individual, but we don't hold them responsible. So we make a distinction in the law between what we call bus four causation, could never have happened without this person doing what they did. And what we call proximate causation, the people who actually are close enough to the outcome that they could have changed the outcome. And it's that last piece, the idea that social media services are the proximate cause of a distant terrorist attack just doesn't really pass the sanity check. We look at them and say, that's too far, that doesn't make sense. And a number of the related cases to the ones that are going to Supreme Court have failed for that very reason. Of course, then
"house committees" Discussed on Bloomberg Radio New York
"The house January 6th hearings, but plans to keep quiet otherwise, press secretary karine Jean Pierre said he supports the House committee. The president believes that it was a very dark day in our time in our history. The president is currently recovering from a COVID diagnosis. The Republican congressman who was attacked on stage during a campaign event for his New York governor bid says he was almost stabbed. Lee zeldin said his attacker had a knife and lunged for his throat. He expressed his gratitude for the people around him and law enforcement who intervened. A pilot is in good condition after his plane crashed into the water at Huntington Beach, video shows the plane going down not far from the shore at the California beach with lifeguards pulling the pilot from the plane and quickly getting him to land. He was reportedly not seriously injured and is being scoped out at a local hospital. I'm Brian shook. And I'm Charlie pallet. At Bloomberg world headquarters. Wall Street wraps up a winning week for stocks with the S&P this week up two and a half percent, as we move into the final trading week of July, a week that will feature a fed meeting and plenty of earnings. Liz young is head of investment strategy at SoFi. Next week matters to me a lot because we're going to get not only economic data. We're going to hear from the fed again and right now the expectation is that this is maybe the last really big hike that we get before they could slow down at least the size of hikes in September. SoFi's Liz young, the equity market had its best week in a month, Doug Cass is president and founder of sea breeze partners. More positive in June, and I view that period as a likely low in the making and my mantra continues to be miles and brief. In the first half of the year, we move from a period of gross and excessive speculation, elation, complacency, on the part of the most market participants. And the expectation of only positive outcomes to a period in which speculation has been decimated investors have de risked and de grossed. Doug Cass of sea breeze, meanwhile, ongoing questions about whether the U.S. will see a recession, Linda de soul is senior equity strategist at Federated Hermes. We at Federated Hermes are not calling for a recession. We think we may just skirt one next year. We think the ten year bond yield should be in and around three and a quarter by this yearend. If you believed that, you wouldn't be buying bonds, even if you were nervous. Federated's Linda dissol, S&P down 37 had dropped today of 9 tenths of 1%. The Dow was down 137 down four tenths as stacked down 225 down 1.9%. Global news 24 hours a day on air and on Bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. I'm Charlie pellet. This is Bloomberg. You're listening to balance and power with David Westin on Bloomberg radio. China's economic
"house committees" Discussed on Bloomberg Radio New York
"For a check the latest world in national news for that. We go to Nancy lions. Hey there, nets. Thanks, Tim, to January 6th House committee this afternoon is hearing about efforts by former president Trump to pressure the Justice Department to embrace and pursue his claims of widespread voter fraud. Bloomberg served Chapman is following the testimony. William Barr resigned as attorney general, he was replaced by Jeffrey Rosen, who feel in Trump's demands, including Mattel's state officials there was evidence of fraudulent voting. President either called me or met with me virtually every day, the president expressing his dissatisfaction that the Justice Department in his view had not done enough to investigate election fraud. When Rosen and his deputy told Trump they did investigate his claims and found them on true, Trump sought to replace Rosen with an assistant attorney general who would do his bidding, told that mass resignations would result, Trump backed off. In Washington or Chapman Bloomberg gradient. The Supreme Court has struck down New York's limits on carrying concealed handguns in public. It's a landmark victory for gun rights advocates, but New York governor Kathy hochul says she shocked by the ruling, especially with the rise in gun violence. As governor of state of New York, my number one priority is to keep New Yorkers safe. But today, the Supreme Court is sending us backwards in our efforts to protect families and prevent gun violence. Governor hochul says we do not need more guns on our streets. The NRA is hailing the Supreme Court's decision calling it, quote, another landmark win for constitutional freedom. Michael Bloomberg, the founder and majority owner of Bloomberg, LP, donates to groups that support gun control, including every town for gun safety, which submitted briefs in favor of the New York law. Global news 24 hours a day on air
"house committees" Discussed on Bloomberg Radio New York
"Now the latest news from New York City and around the world here's Michael Barr Thank you very much The House committee investigating the January 6th capitol riot has indeed subpoenaed house GOP leader Kevin McCarthy and four other Republican lawmakers Bloomberg's had Baxter reports The committee has been trying to bring them in to talk voluntarily but now Republican House member Liz Cheney says timing has become just too important It's a reflection of how important and serious the investigation is And how grave the attack on the capitol So there are certain to be extended court battles potentially pushing any testimony beyond the midterm election And if the Republicans take control of the house then it may never happen In San Francisco I'm Ed Baxter Bloomberg radio Republican senator Rand Paul held up a vote on a $40 billion U.S. aid package for Ukraine that has bipartisan backing He is refusing to give consent unless language he demanded was added to the measure We can not save Ukraine by dooming the U.S. economy Senator Paul says that there should be a watchdog keeping an eye on how the money is used in Ukraine Senate minority leader Mitch McConnell says the Senate should vote on the Poland and the original aid bill You're crying not asking us to fight this war There are only asking for the resources they need to defend themselves against this deranged invasion And they need this help right now Senate minority leader Mitch McConnell The U.S. State Department outlined plans to boost pressure on China over what it called horrific abuses of Uyghur and other ethnic minorities It is an issue that is becoming one of the biggest points of tension between the world's two biggest economies One of the most high profile members of the Biden administration is leaving The White House today It is White House spokesperson Jen Psaki's last day Psaki is leaving the administration and says she will take time in the coming weeks to read books and spend more time with her young children President Biden in a recent statement credited sake with returning decency respect and decorum to the briefing room Live from the Bloomberg interactive broker studios this is global news 24 hours a day on air.
"house committees" Discussed on Bloomberg Radio New York
"This is Bloomberg law with June grosso from Bloomberg radio The House committee investigating the January 6th attack on the capitol is considering the involvement of former president Donald Trump and wants documents from the Trump White House being held by the national archives Here are the committee chairman Benny Thompson and vice chair Liz Cheney The White House knew exactly what was happening here at the capitol We are getting a clearer picture of what happened who was involved and who paid for it and where the money went And now Trump is using an interview Thompson gave to The Washington Post to try to get the Supreme Court to block the national archives from turning over his documents I've been talking to Bloomberg law Supreme Court reporter Kimberly strawbridge Robinson So Kimberly this is one of the cases the court could put on its argument calendar for 2022 So this was a recent case that came to the court just in the past week And it's really the first time that the court has been asked to consider the legal ramifications of that January 6th attack on the capitol And it deals with the House select committees attempt to get documents from The White House involving then president Trump's actions on that day Now it's important to note that there was a similar battle listeners may be remember over documents that recently reached the court the battle over president Trump's tax returns and they're the court should really stay out of these disputes that the political branches Congress as president have been able to work these disputes out in the past And it should be hands off for this judiciary of course the twist here is that this involves the Biden administration agreeing with Congress to turn over certain documents by waving executive privilege for documents that came up under a different administration And so we're going to see if that makes a difference for the court and whether or not they say that Congress and the American people really have a great interest in these cases that they should go ahead and be turned over But importantly as you mentioned the justices have not agree yet to take up this case The house is asked the justices to expedite this case so that they can hear at this term And I think what's really behind that is that the house is working on this informal deadline of the midterm elections because of course as GOP takeover of the house could undo the whole commission And on Wednesday Trump's lawyers filed a supplemental brief asking the justices to look at Thompson's statements that the committee was considering making a criminal referral against Trump arguing that it's outside the committee's purpose Another case the court is being asked to take and this is unusual In 2020 there was a landmark ruling about the sovereignty of Indian tribes and now Oklahoma is asking the justices to reverse that ruling they just handed down That's exactly right And I think that's why this is one of those cases that court watchers are really keeping an eye on As you mentioned this case was a very recent case that came down 5 to four is favor of the tribes and Oklahoma is now citing what was the chaos following the ruling and the state has asked the court outright just to overrule that brand new case And it's a pretty significant ass given that the state really made the same argument in the first case but they didn't win the day And I think the ruling flipping business isn't the other way It's really going to be seeing by many as an example of how the court is really just another political actor and they're not deciding these cases based on the law but instead based on their personal preferences and that really anything is up for grabs based on the makeup of the board at that time So I will be watching how the justices response to that We know this for the first time they were hearing the case as likely it would come down 5 to four the other way but are they going to consider the potential questions about their legitimacy when deciding that The only thing that's really changed is just as Amy Coney Barrett being on the court That's right And so that's why I think this is like many of the cases on the court socket One of those cases that is going to have implications beyond just the merits but really implications for the way that the court operates and it's legitimacy going forward There are a pair of challenges involving affirmative action programs at Harvard college and the university of North Carolina The schools want it trial Will the court want to add more controversy to its docket by taking these cases If we're just looking at what the justices have said in the past this does seem like a case that a majority of the court would like to take on and would like to say something about affirmative action and maybe pull it back a little bit but again as we've been talking about this whole time this is just such a blockbuster case That's the justices might want to wait on that case And so they can kind of get the lay of the landscape after these bombshell rulings come down On the flip side you know if they're already doing all these other things and it seems like they're going to have implications for the midterm elections why not just go ahead and left the American electorate go from there But I don't really have a sense of which way that's playing on the justices for sure affirmative action is going to be a strategic rant for the justices that which way strategically against I don't know One thing that is sure is you're going to be very busy this year Thanks so much Kimberly That's Bloomberg law Supreme Court reporter Kimberly strawbridge Robinson Coming up next do convictions in 2021 indicate a change in police accountability You're listening to Bloomberg The names.
"house committees" Discussed on Bloomberg Radio New York
"Marcus Aubrey He was so bad when he was You know he didn't do that wrong Ain't no laws he broke And the way they keep on my burger I never know burger You know they're just they're just bad Prosecutors say a citizen's arrest was not permitted because the defendants who were the aggressors never witnessed a crime which means self defense does not apply Jivers will begin their third day of deliberations in the trial of white nationalists accused of conspiring to commit racially motivated violence at the deadly unite the right rally in Charlottesville in 2017 9 plaintiffs are seeking punitive damages for physical and emotional injuries The select House committee investigating the January riot at the U.S. capitol is issued new subpoenas including for longtime Trump confidant Roger Stone and conspiracy theorists Alex Jones Laurie Levinson is a former federal prosecutor and a professor at Loyola law school The committee is bringing in people that they believe might have known that there was going to be a capital attack Might have been involved in helping to plan it and might be able to tie this to more people who were present in The White House one that occurred Professor Levinson says three other reported organizers will also receive subpoenas Global news 24 hours a day on air and on Bloomberg quick tank powered by more than 2700 journalists to more than a 120 countries I'm Michael Barr and this is Bloomberg John Michael.
"house committees" Discussed on Bloomberg Radio New York
"The House committee investigating the January 6th capitol attack As a part of this process the president has determined that an assertion of executive privilege is not warranted for the first set of documents from the Trump White House that have been provided to us by the national archives PRES secretary Jen Psaki called the capital assault a unique attack on the foundations of American democracy President Biden is looking on the bright side following the latest U.S. jobs report speaking at The White House Friday Biden noted the unemployment rate has dropped below 5% for the first time since March of 2020 Meantime House Republicans are voicing their displeasure with the recent report The U.S. Postal Service is revealing its holiday mailing deadlines in order for letters greeting cards and small first class packages to arrive by Christmas those items should be mailed by December 17th I'm Brian schuck And I'm Charlie pellet at Bloomberg world headquarters A losing Friday for the U.S. stock market but it was an up week with the Dow the S&P and NASDAQ all advancing today however stocks declined after weak jobs data upended bets on Federal Reserve policy plans Tiffany wilding is chief economist at pimco Even though this report was a little bit weaker we think that we'll see that acceleration as cases were peaking across the country in the middle of September You will get a reacceleration and hiring in October Tiffany wilding of pinco now as for the September jobs report and the fed Sarah hunt is portfolio manager at Alpine Woods capital investors You've got a combination of the delta variant You had those big storms that went through And that can affect some of the numbers You've got some very strange seasonal adjustments because of what happened last year So I think that there's a lot up in the air and they're not going to have the data for October by November But I think that the economy is not such a bad shape that it doesn't seem like getting rid of some of those emergency COVID measures at this point is probably not a bad idea Sarah hunt of Alpine Woods as for the broader labor picture Michael Collins is senior portfolio manager at p.m. fixed income The labor force is shrinking The participation participation rate is shrinking That is a structural problem I don't know how the fed solves that by raising the funds rate Michael Collins of p.m. so a down day on Wall Street and up week though for the S&P 500 Index this week up 8 tenths of 1% The Dow this week up by 1.2% NASDAQ was up 5.1% Today the S&P fell 8 points down two tenths of 1% the Dow down 8 down less than one tenth of 1% NASDAQ down 74 down 5 tenths of 1% Globally used 24 hours a day on air and on Bloomberg quick take power by more than 2700 journalists and analysts in more than 120 countries I'm Charlie pellet This is Bloomberg.