40 Burst results for "Jason"
The Eric Metaxas Show
A highlight from Jacqueline Fritschi-Cornaz
"Support for this podcast and the following message come from Coriant Coriant provides wealth management services centered around you. They focus on exceeding expectations, simplifying lives and establishing legacies that last for generations leverage their exclusive network of experts to help achieve your personal and professional financial goals as one of the largest integrated fee only registered investment advisors in the US Coriant has experienced teams who can craft custom solutions designed to help you reach your financial goals. No matter how complex real wealth requires real solutions. Connect to a wealth advisor today at Coriant calm, folks, welcome to the Eric Metaxas show sponsored by legacy precious metals. There's never been a better time to invest in precious metals visit legacy pm investments .com that's legacy pm investments .com Welcome to the Eric Metaxas show. It's a nutritious smoothie of creamy fresh yogurt, vanilla protein powder and a mushy banana for your mind. Drink it all down. It's not me I want vanilla. Here comes Eric Metaxas. Welcome to the program. We have the privilege of a friend Rabbi Jason Sobol, who is the author of many books. The new one is called signs and secrets of the Messiah. What is a rabbi doing writing about the Messiah? Rabbi Jason? Well, hey, Jesus was a nice Jewish boy. So you know, obviously all Jesus was a rabbi, the disciples are Jewish. And so we want people to see the Bible in high definition in the context in which was written because we believe it makes it come to life. Well, I agree very heartily with that. I was just with my friend, Pastor Greg Denham, who's in San Marcos, California recently, and he's always talking about the context, the Jewishness of the New Testament, the Jewishness of the Jesus movement, and how, what a crime it is more than a crime, what a horror it is, that we have really torn the good news of Jesus away from its Jewish roots that is fundamentally wrong fundamentally on biblical scandalous. And so anytime I have an opportunity to talk about that I want to so tell us about your new book, which is a sequel to the previous book that we discussed on this program. Yeah, absolutely. We wrote signs and secrets of the Messiah, a fresh look at the miracles of Jesus, because we want people to see the life and the ministry of Jesus in a way that makes these things come to life, like never before. I also think there's something for everyone significant in the book in the sense that each one of these miracles has a promise attached to it. And we live in a world where people have lost hope and they wonder if anything can ever actually change. It seems like it's when impossible you look at everything that's going on. And I think by looking at the miracles, we see that God is the same yesterday, today and forever. In fact, the word for the miracles or the signs are testimony. And the word for testimony in Hebrew shares the same Hebrew root as the word again, he's the God of the again, what he did in these miracles he wants to do again today in our lives. There are many people who are pretty serious about their Christian faith, but they don't seem to be open to the miraculous. And I always think that's sad, because God is alive. He wants to do miraculous things. Today of every kind. I wrote a whole book called miracles, where I talked about the variety of ways God speaks to us and moves in our lives. But there are many people who they have a very kind of pinched view of what it means to be a Christian to follow Jesus. And they somehow don't they act like miracles happen in the past, but they can happen now. That is unbiblical. It's wrong. But a lot of people seem to fall into that it's it's it's almost like a secular version of the Christian faith, which is contradiction in terms.
WTOP 24 Hour News
Fresh update on "jason" discussed on WTOP 24 Hour News
"You can listen live to WTOP on Apple CarPlay or Android Auto. Download the WTOP app and choose it in your car's display so you never miss the stories you know, want to the news you need to know, or the traffic you want to avoid. WTOP news. Everything you need, every time you listen on Apple CarPlay or Android Auto. Brought to you by Navy Federal Credit Union, members where are the mission. Visit navyfederal .org. Insured by this is WTOP news. It's 3 .52, Arena Stage is welcoming its first black artistic director this fall's season. theatre She follows artistic director Molly Smith, who retired this summer after 25 years. Following in the great footsteps of the iconic Zelda fish handler and the visionary Molly Smith, it is such a joy to lead this company into the next phase of its life. Atlanta native Hana S. started Sharif her own production company at Spelman College before studying under Titans of Theatre at the University of Houston. was mentored in playwriting by Edward Albee, mentored in directing by Sir Peter Hall. I wrote new She feels humbled to go down in history as Arena's first black artistic director. Every time I break Read more Her about journey her on WTOP .com, Jason Fraley, WTOP news. There's further proof now out that dogs really are our best friends. A two -year -old in Michigan's Upper Peninsula walked away from home her with the family's two dogs and was found in the woods hours later using one of them like a furry pillow. The The other dog laid right next to her to keep her safe. Police used drones and police dogs as they searched for the little girl and local residents helped out as well. The child wandered away around 8 p .m. and a person on an ATV found her three miles from her home around midnight. She's just fine and so are the cocker spaniel and rottweiler protected that her. Alison Keyes, CBS News. Maryland wine aficionados we get a taste of a new vintage next month from the first African -born vintner in the US. My lifelong dream always wanted to open up a winery. That's Ifo Masi Onya sitting in front of her grape vines in a vineyard here in Norway. She was born in Nigeria. You learn how to override those obstacles and be able to work hard. The culture that they can attempt to gravitate towards the men being the strongest sex. She had a career in fashion and healthcare before Cleopatra starting winery and vineyard. It started as a plan with her brother who sadly passed away. I told him I was going to maintain that dream. I was going to do what we had set out to do. She plans to pair her Norays and SK -77s with traditional African foods at her tasting room. I'm producing my chocolate from the sauce. I'm bringing them over here so you can pair it with the wine. Brand opening is October 14th. In Laurel, WTOP News. Sports at 25 and 55 powered by Maximus. Moving people and innovation forward. And there's Frank Hanran. It is a real test for
The Dan Bongino Show
Scott Presler: Registering Voters Will Make Biden a One-Term President
"Better than the government ever could and so I just started traveling the country and we organized cleanups in Atlanta, Austin, Baltimore, Chicago, Denver, Duquesne, Detroit, Houston, Colosso, Los Angeles, Miami, Milwaukee, Nashville, Portland, Pittsburgh, but more importantly Dan weaving in voter registration into this my work although it was helping to clean up the cities was only a band -aid if we want to make long lasting change it means registering voters and so I started turning my cleanup efforts into voter events registration what better way to decide who our city council members are and school board members and mayors and state representatives and so now what I'm asking as we go into this November and beyond is guys look for ripe opportunities to register voters at your churches at your synagogues address pro shop at a movie theater during sound of freedom at Jason Aldean concerts at gun shows we have so many a myriad of opportunities to register conservatives to vote and then we get them out to vote this november and beyond we
Stephanie Miller
Fresh update on "jason" discussed on Stephanie Miller
"Hills. Good morning Trey. Good morning. Yeah, I feel special now. Never had my own ditty before. Love a good ditty. We were saying we've been playing your Lauren Boebert stuff because if ever there was a story that was custom made in my wheelhouse. Yeah. That's why I thought as soon as I saw I got to do something with this. You know, but I told you before we started, I like I made that pretty short. It was like Tuesday night when that happened to her and I made that Wednesday morning and all the details hadn't even come out yet. It was like even trashier than we knew because it's like, you know, she got her boobs out giving hand jobs. I don't even know what I could say. Yeah. You can say hand jobs. Yeah. Just, just really, really trashing it up in there. And also I guess that was a like Democrat who owns a drag bar in Aspen. Yeah. Yeah. You're kind You're just like, I'm out. I can't write this. Yeah. Right. And I can't decide. Like I can't, that definitely makes it funnier. Like objectively that makes it funnier. But as far as that guy goes, I kind of go back and forth on it. You know what I mean? decide. I can't I guess it depends on what his like intentions were fully. You know what I mean? If it's like a sleeper agent then I totally get it. He was like actually looking for something real. I would have, uh, surely not. No one would do that. No one with a working brain would do that. Yeah. Yeah. I think that was her latest. Like she was blaming him being a Democrat. She said from now on she would check party affiliations before I guess she gives someone a handy, a handy J or let's like her saying, that's like her admitting that like Democrats get her all, you know, horned up or whatever. Like I just can't control myself. So I guess she's saying right. Well, pronoun lovers can motorboat her in public, I guess is the rule of decorum. I mean, really it was literally on the same day that Marjorie Taylor Greene tweeted about that there's not enough decorum in the Senate or whatever, because John Fetterman wears shorts. I don't know. At least he's not playing pocket pool. Right. I mean, in the Senate, I don't. Yeah. Also, like they didn't they like try to pull each other's hair out of the floor of the House of Representatives or whatnot. Like, I mean, she's the last person to be talking about decorum. Yes. She called Lauren Bobert a little bitch on the House floor to pull her hair out. Yes. Wow. Yeah. When you did this piece, it was about it was only about the vaping and hollering and not about the poor mentioned, you know, handy J and B. So I don't. Yeah, I don't. It's I'm not even sure what else to say about it. We just played a George Santos interview like they are just a complete clown show. The Republican Party at this point. Yeah. I mean, I can't believe, you know, Mike and Donald Trump, their God emperor led to those kinds of ramifications. I mean, it really did. I mean, you know, because he's got all these like Trump act, everybody's got to like out crazy each other to make flash on the right. And yeah, this is what you get. And then all the sign any people that have any like semblance of sanity left get picked off one by one for being. They eventually say something that makes a little too sense, much whatever, then get called rhinos and get ran out of the party or whatever, now being held hostage by the crazy caucus, but you know, it's what they deserve. I mean, it's frightening for everybody else, all the rest of us, but like, no, it's also kind of what they deserve. Yeah, no, I didn't save all the trailer trash Republican women for you. But Sarah Huckabee Sanders is in the news as well. OK. Governor of Arkansas is pushing to overhaul the state's expansive public records law. At the same time, a lawsuit is pending against the state for allegedly withholding information related to her travel requested under the Arkansas Freedom of Information Act. A analyst said, I think they realize this lawsuit was something they were going to lose. So they thought, well, we're going to try to change the rules now. So I it's just now they're trying to cover up their corruption. Right. Like what? I don't even know what her taxpayer funded travel is at all, because presumably it's not all in the trailer. I don't know. You know what I mean? It's just that this has become the entire party is just, you know, corruption, covering it up and like like in Texas. Right. I was going to say, yeah, Same, yeah. same kind of thing in Texas. And then, but they do that type of thing. You know, they'll like, as soon as they have the opportunity to change the laws to suit themselves better or to, you know, cover their own butts and whatnot. That's what they do, it's like in Wisconsin, they elected the Democrat governor. But before the Democrat got in, they, the Republicans in the statehouse, like changed all the laws to neuter the powers of the office of the governor, like that type of thing. They, you know, they just do it out in the open, like utterly shamelessly. And yeah, a lot of people in their base or for they tried the same thing in Ohio, you know, they tried to make it to where, you know, like democracy meant less there, like more of a percentage to do anything. And but the people, like the people in their base, I see them talking, they like support all that because they're like, well, we have to have that because if we didn't have that, we'd have tyranny of the majority, right? And that's what they, that's like the phrase they've come up with. Yeah, they don't believe in democracy, Trey. That's what we were saying. Speaking of Wisconsin, this liberal judge wins in a landslide and they're like, no, we don't. We're just going to impeach her. She hasn't even rolled on anything yet. I mean, it's. Right. And it's like, you know, there are all the abortion votes and all this stuff. It's like so many things where it's clear where the will of the people stand. And then they're like, well, okay, but the people are stupid. So we're going to need some better laws that, you know, do the good Christian thing, regardless what, of you know, the will of the people is. And then others support that with a straight face and act like it's not anti democratic. It's a weird time to be alive. You got to tell us about your new book that comes out today, because, you know, we've been playing like good liars. We've had Jason Selvigan and, you know, these people interview the MAGAs outside the MAGA rallies. rallies. And it just it makes you just want to I don't know when you when you when You see the level of stupidity and delusion we're up against you, but you have to hope that that is a small percentage. This But this is your book is round here and over yonder a front porch travel guide by So because you do travel, obviously, you're if you from the south, you're from MAGA heavy areas you so you and
Thinking Crypto News & Interviews
A highlight from BIG CRYPTO NEWS!! CITI BANK TOKEN & JUDGE DENIES SEC GARY GENSLER IN BINANCE US CASE!!
"Welcome back to the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google or wherever you get your podcasts, make sure you hit that five star rating and review. It helps support the podcast and it doesn't cost you anything. Well folks, we've got big news coming out of Citigroup today. They have officially launched a token that will be used for deposits and the transference of money. Let me give you the details. Citigroup launches deposit city token services for institutional customers. This product will be based on a private blockchain controlled by the bank, converting customer deposit into digital tokens that can be sent instantly. Customers do not need to set up their own digital wallets and can be accessed through the bank's existing systems. This was reported by Bloomberg. This is huge news. There's many layers to this story. First it is further validation of this asset class and technology. And this technology is disruptive folks. And disruption is at the doorsteps of the banks, whether it be Citigroup, JP Morgan and many more. And they are trying to build their own versions, right? If the old system is working so perfectly, why are they trying to build blockchains and use blockchains and build tokens? Why? They know this new technology, this new asset class is the future. This technology is here to stay. It has many benefits. It will leave the old system in the dust. Folks, disruption is happening. Another major move here by a bank. And it's once again, further validation with technology. The other layer is that just about a week ago, reported on September 7th, JP Morgan was reported that they were building a deposit token themselves for settlements. JP Morgan is reportedly developing the infrastructure to run a new deposit token, allowing settlements between banks for corporate clients. Pretty clear what's happening here, folks. They know, especially with the likes of Ripple winning the lawsuit and XRP getting the clarity and not to mention CBDCs and stable coins and PayPal building their stable coins. This technology is here to stay and it's moving at a rapid pace. And look, I've been on record saying that I believe the TradFi incumbents, such as Citi, such as JP Morgan, Goldman, and these guys, weaponized Gary Gensler and the SEC to go and try to kill the stable coins, kill Ripple, kill whatever payment or crypto startup, right? Because Gary Gensler and the SEC are controlled by these TradFi incumbents. I had Caitlin Long on the podcast talking about the bias towards the TradFi incumbents, right? And we know how the political system works with campaign donations and much more. So it's pretty clear what's happening here. If you sit back and you look at the timeline, you look at the parallel of these things that are actually happening, right? We're not saying that we're not fabricating something here. It's clear what's been happening. It's clear what Jamie Dimon was saying since 2017 and what his bank was actually doing, right? Watch what they do, not what they say. Folks, first they ignore you, then they laugh at you, then they fight you, and then you win. It's pretty clear that this tech is so disruptive. They're scared of it and they're trying to build their own versions. But the problem is these wall gardens that they're building on private blockchains, no one's going to trust it. Why would another bank want to trust your token that you control the blockchain, you control the nodes, and much more? There are going to be private blockchain systems, don't get me wrong, right? Citi may launch its token and within its own different branches move money and settle instantly, but don't expect JP Morgan to use their coin and vice versa. So this is what's happening. They're not going to be able to disrupt the market with cross -border payments and all the different blockchain systems that are out there, which provide more of a free market, trustless permissionless setup. So very bullish folks for the crypto asset class that these banks are so scared. They're trying to launch their own tokens. And once again, JP Morgan is trying to do the same thing. And as mentioned, this is being reported by Bloomberg and they're calling it Citi Token Services once again. Let me give you a quote here from Shamir Khalik, global head of the company's services division. The development of Citi Token Services is part of our journey to deliver real time, always on next generation transaction banking services to our institutional clients. Oh, but I thought the traditional way of doing things was working. I thought crypto and blockchain, all these things are scams and a Ponzi. I guess not. The move is the latest by an established banking giant to offer so -called tokenized deposits or transferable digital coins that can represent a claim against banks. Crucially though, these tokens are processed on blockchain reels, meaning settlement is instantaneous. Yep. Folks, I'm so glad I'm here early. I'm paying attention. I'm researching, I'm dollar cost averaging and I'm hodling. Now a great way to dollar cost average in is using Uphold, which is a great crypto exchange. They are one of the sponsors of this podcast. I've been using Uphold since 2018. They have 10 plus million users, 250 plus crypto currencies, and they're available in 150 countries. You can also trade precious metals and 37 national currencies where you can easily transfer between crypto to different Fiat currencies to precious metals. That's a pretty unique feature to Uphold. If you'd like to learn more about this platform, please visit the link in the description. Well, folks, we've got big news around the SEC versus Binance. The judge declined the SEC's request to inspect Binance US. So if you recall, there was news that the SEC rips into Binance US over a shaky asset custody asked court to order inspection. The regulator asked a US court to reject Binance's half -hearted objections to its motion seeking depositions and inspection and communication from the exchange. This is another big fat L for scumbag regulator Gary Gensler, and this is being reported by Bloomberg. Here's the headline. SEC fails to win immediate inspection of Binance US software. Regulator says it is not getting enough access in lawsuit. Magistrate judge didn't grant expedited discovery requests. So the SEC says it has been struggling to get information from Binance US since it sued the American exchange along with its international affiliate Binance Holdings Ltd and its chief executive officer Changping Zhao in June. So Gary is taking loss after loss after loss. And I think a big blow is coming with Coinbase. I think Coinbase has a strong case and just like the grayscale situation, a lot of legal analysts are saying, yeah, we think Coinbase is going to walk away with a victory. Now, it may not be a full victory, kind of like the ripple situation where the SEC did win on some grounds, but it will be the lion's share of the win, or if you were to count up the numbers here, and that is what we're looking for. And you may say, well, Tony, why are you bashing the SEC and Gary Gensler so much? Don't they have a job to do? You're absolutely right. They do have a job to do, but we know, and this has been confirmed by the crypto industry as well as members of Congress and other regulators, even SEC Commissioner Hester Peirce and Mark Ueda, the SEC and Gary Gensler have not been acting in good faith. They have not been abiding by the law. So this government agency, which is supposed to have integrity, which is opposed to abide by the law, are themselves not doing that. Well, you have Judge Sarah Netburn rip a lawsuit saying the SEC lacks faithful allegiance to the law. What a burn. What a statement, right? That a government agency is being called out by the judicial branch and you lack faithful allegiance to the law. And even Bill Hinman and his conflicts of interest with Ethereum. And the list goes on and on and on. Gary Gensler is a puppet on strings doing the bidding of the incumbents when he's supposed to be a neutral party just looking to protect investors and they are attacking good actors. So it's not like they are just going after bad actors and that's the end of it. They're attacking good actors. And it goes back to what we were talking about at the beginning of the podcast. Citibank and all these banking incumbents have weaponized Gary Gensler to kill the startups that are disrupting them. The other aspect is Gary Gensler is not working with Congress to provide clear regulations, right? And he's flip flopped over the years. He's a big hypocrite. He's a liar. We've seen him lie many times. And he continues to say there's hucksters and scammers and so on and so forth in the industry. I tweeted about it today. You have some of the biggest names entering the crypto market, such as BlackRock, Franklin Templeton and many others filing for Bitcoin spot ETFs. Earlier this year, Charles Schwab, Fidelity and Citadel launched a crypto exchange called ADX Markets. PayPal launched a stablecoin. Deutsche Bank just reported last week they will offer crypto custody. Mastercard launched a CBDC program. Visa expanded their use of USDC stablecoin on Solana. So Gary clearly tried to distract and attack the startups while his Wall Street TradFi buddies come in and take over and look at the facts, right? I just listed out a whole bunch of big names that are coming in. And remember, Gary met with Sam Beckman Fried and FTX officials, didn't do anything. Big collapse happened there. He didn't do anything about Celsius or three hours capital and a whole bunch of other things. He didn't stop Terra Luna or anything like that, right? He just sat back and waited. And I think that was part of his strategy. I think he knew of the things that are happening, but he let them collapse so that they would hurt the market, right? Let the flush out all these startups who look, they're not established like the banking incumbents. And then what happened this year? Oh, I'm going to go after the good actors. I'm going to go after Coinbase, right? I'm going to go after this company and that company and NFTs and many other projects. So it's pretty ridiculous what's happening. But guys, we will win the war. We've seen historically that the disruptive technology will progress. It will get adoption. And if these folks don't get on board and it looks like they're trying to with their tokens, they will get or have their blockbuster moment. Now, speaking of further adoption, blockchain capital raises $580 million for two new funds. Venture capital's firms, record funding comes as space is teeming with exceptional innovators, despite bear market execs says. So the capital keeps coming in investments into the crypto industry. These companies and these funds are investing in both the companies, building the infrastructure, as well as the tokens are very, very bullish. Despite all that happened last year with FTX and Celsius and so forth, there's looking beyond that. They're looking at the future and the horizon of the adoption of this technology and much more. So one is the San Francisco based companies, six early stage fund in line with such funds it has previously launched, while the other is its first so -called opportunity fund. The $580 million marks the company's largest raise in its 10 year history, according to blockchain capital executives, Spencer Bogart, Bart Stevens, and Jason de Piazza. Such funding coming during a bear market reflects our investors trust in our long -term perspective, they said in a Monday blog post, adding that innovation often thrives during tough economic times. Despite the downturn in liquidity prices, we see a space that is teeming with exceptional innovators and founders, each aligned with the first principles of open source innovation, credible neutrality, and censorship resistance, Stevens told block works. The firm's first opportunity fund was conceived as a post dislocation investment vehicle. According to blockchain capital, Bart Stevens, it was designed with a high conviction concentrated mandate to pursue financing opportunities at the later stage. Very bullish news here, my friends. And here we got some more quotes. We felt generalists and newcomers misjudged the opportunity set he added. In contrast today, the fundraising environment for late stage crypto companies is barren, creating a unique and compelling opportunity for targeted capital that understand web three technology. Pretty incredible folks. And this is a lot of capital and more is going to keep coming, right? We're just seeing some of the biggest trad fi names entering a lot of capital being raised by different funds and new funds popping up and they're going to invest in the market and we're going to see continued growth and the S curve adoption keeps moving higher and growing folks. It's happening day by day, week by week, month by month, year by year. Now we got news here in New York financial watchdog proposes strengthened crypto guidelines. The New York financial or the New York department of financial services published proposed guidelines on Monday aimed to strengthen how firms list or delist coins. It also proposed guidance on adding coins to the state's green list. So we're seeing states move in the direction of trying to figure out regulations while the federal government continues to drag their feet. Obviously we got two bills in the house and shout out to patch McHenry and those folks who have been trying to get things through. Even Senator Cynthia Lummis and Christian Gillibrand in the Senate also have a bill, but we need Congress to act, right? Things are moving really slow. They need to put the guardrails in place, but we're going to see a lot of states do this. And I think as they do this and with their grassroots movements and much more, it's going to put pressure on the federal government to eventually act. So I think this is a good thing. However, the devil's in the details. New York can sometimes be very heavy handed. They obviously have the ridiculous bit license, which they should get rid of. But I think that's Wall Street's gatekeeping to allow only companies that they want and much more. So it's tough for a lot of crypto companies to get that bit license in New York. So we shall see what they come up with, but let me give you some details. Since joining DFS, I have made it a priority to ensure the department's regulatory and operational capabilities keep pace with the industry developments to protect consumers and markets. And why DFS Superintendent Adrian Harris said in a statement on Monday, and why DFS has been active in regulating crypto in the state for years, having launched its bit license regime in 2015. A slew of firms have virtual currency licenses in the state, including Coinbase Incorporated, and according to its site, although some firms close up shop in the state. So let's see what they come up with and all the details as it comes out, and we'll have some of the legal experts review it. But I am for regulations. I think they're important. Now, I don't believe in draconian regulations. I believe there's a balance. You allow innovation to flourish, but you protect consumers. That's the balance. But we got to keep our guard up and push back on anything that's draconian. Finally, Malta, they seek to change their crypto rule book to get ready for MICA. So the EU MICA regulatory framework was passed. The EU and the UK are ahead of the United States right now. The country's financial watchdog wants to align its framework with the EU wide rules set to take effect in 2024. So once again, EU and UK ahead, and it looks like these countries and the European Union are going to look to align to this. So this absolutely makes sense. Now, this law and this regulation is not perfect, right? And there's still some fine tuning that's needed, but it's a really great start. And I'm glad they were able to get things through because it just once again shows crypto is not dependent on the United States. This in technology the digital world that we live in and everybody on the internet, it doesn't need the United States land and borders to operate. It can operate from anywhere. Now, obviously I say that, but the United States is the world's largest capital market. So matter of capital raising and funding and so forth, that is certainly a big factor for the United States, but for these projects to launch and to build and to grow, they don't need the United States. And living in the United States, I'm worried that the US is in danger of losing some of these companies and a lot of jobs and economic benefits, but hopefully they can get it right sooner than later. And this EU MICA bill will take effect in 2024. And I think we can expect to see other countries align with it. And that is really great because there's not going to be different rules for different countries, at least in the EU, they can online and provide clarity to the different businesses operating in the EU. So this is good news, I think all around. Well, folks, that's the news. Please let me know what you think about the Citibank token, the SEC taking another big fat L, the judge striking down their requests in the Binance US case. And what do you think about all these items? Leave your thoughts and comments below, hit the five star rating on the podcast platforms, and I'll talk to you all later.
Bloomberg Business of Sports
Fresh "Jason" from Bloomberg Business of Sports
"By 7am in London. Get the news you need to start your day in just 15 minutes. Subscribe to Bloomberg Daybreak Europe Edition today on Apple, Spotify and everywhere you get your podcasts. Bloomberg. Bloomberg. Context changes everything. You're listening to Bloomberg Business of Sports from Bloomberg Radio. Thank you so much for joining us on the Bloomberg Business of Sports show where we explore the big money issues in the world of sports. I'm Scarlett Fu. Michael Barr and Damien Sauer are off this week. Our special guest host Jason Kelly, the former Business of Sports co -host and of course currently chief correspondent at Bloomberg Originals is here with us. Comcast NBC Universal Sports Tech is looking for the next big thing in sports. It finds funds and fast tracks startups around the world, helping to drive innovation in sports and across its ecosystem. So here now to talk us through the and process some of the new sports ventures being uncovered. We welcome Jenna Karath. She is vice president of Startup Partnerships and head of Comcast NBC Sports Tech. Jenna,
The Breakdown
A highlight from Shockingly, Gary Gensler Doesn't Like Stoner Cats
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Thursday, September 14th, and today we are talking about stoner cats. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or, if you want to dive deeper into the conversation, come join us on The Breaker's Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Alright, friends, well, I have to tell you, at this point we really have about four archetypes of breakdown shows. There's number one, oh god, more cleanup from 2022. There's number two, hey look, a new TradFi player is getting in the game. There's number three, hey look, a judge or elected official is smacking a regulator down. And then there's number four, hey look, an unelected bureaucrat is trying to expand their power again. And today's show is indeed an example of the fourth, and the reason it matters is not just because it's another SEC enforcement action, but because I do really think that this represents and is a great example of that impulse to authority expansion. So what am I referring to? Well, of course, I am referring to the SEC bringing its second enforcement action ever against an NFT project. This time, the regulator targeted Stoner Cats, a profile picture NFT collection that was sold to finance a web series. The SEC alleged that the sale of collectible NFTs constituted the sale of unregistered securities. The production company behind the project settled the allegations without admitting to the SEC's findings. So the details. Stoner Cats sold out their collection in around 35 minutes at the height of the NFT bull market in July 2021. The project raised $8 million from the sale. Marketing highlighted materials Hollywood producers and big -name celebrities attached to the web series, and suggested that the success of the show would increase the value of the NFTs in secondary markets. The company received 2 .5 % of royalties from secondary market sales, which produced $20 million in volume. In the settlement, Stoner Cats agreed to a cease -and -desist order and a $1 million penalty. In addition, a fund will be established to refund investors and all NFTs held by the company will be destroyed. Gurbir Gural, the director of the SEC's Division of Enforcement, said in a statement, Regardless of whether your offering involves beavers, chinchillas, or animal -based NFTs, under the federal securities laws, it's the economic reality of the offering, not the label you put on it or the underlying objects, that guides the determination of what's an investment contract and therefore a security. As an aside, I wonder sometime if they find their own writing as clever as they seem to. Beavers, chinchillas, or animal -based NFTs, wah. Moving on, the statement reads, Here the SEC's order finds that Stoner Cats marketed its knowledge of crypto projects, touted that the price of their NFTs could increase, and took other steps that led investors to believe they would profit from selling the NFTs in the secondary market. It's therefore hardly surprising, as the order finds, that Stoner Cats sold its entire supply of NFTs in just 35 minutes, generating proceeds of over $8 million, most of which were then resold, not held as collectibles, in the secondary market within months. Carolyn Welschans, the associate director of the SEC's home office, added, Stoner Cats wanted all the benefits of offering and selling a security to the public, but ignored the legal responsibilities that come with doing so. Now, Commissioners Hester Peirce and Mark Ueda offered what has become their customary dissent against the SEC's actions. They claimed the enforcement represented a perverse extension of the SEC's jurisdiction and the borders of the Howey Test into the realm of art and collectibles. In a statement they wrote, The application of the Howey Investment Contract Analysis in this matter lacks any meaningful limiting principle. It carries implications for creators of all kinds. Were we to apply the securities laws to physical collectibles in the same way we apply them to NFTs, artists' creativity would wither in the shadow of legal ambiguity. Rather than arbitrarily bringing enforcement actions against NFT projects, we ought to lay out some clear guidelines for artists and other creators who want to experiment with NFTs as a way to support their creative efforts and build their fan communities. The Commissioners claimed the NFT project was more properly characterized as a fan crowdfunding. More broadly, they expressed concern that, through this enforcement, the SEC were attempting to exert jurisdiction over collectibles in a way they had never previously done with physical objects. The Commissioners likened stoner cats to a scheme surrounding the launch of Star Wars toys in Christmas of 1977. The toy maker sold early bird certificate packages in lieu of actual toys due to problems with production. These certificates were redeemable for toys in due course, but could also be resold for a profit in secondary markets at the time. The Commissioners asserted that, Using the analysis of today's enforcement action, the SEC should have parachuted in to save those kids from Star Wars mania. The main point of the dissent was that the SEC should not use its enforcement to stifle innovation in creative industries through the use of NFTs. The Commissioners said that, They argued that the SEC's More generally, it contributes to the legal ambiguity facing artists, writers, musicians, filmmakers, and others seeking to build a loyal, engaged following. There are a few different categories of reactions from people in the crypto community. Some honestly said that the stoner cats were not necessarily the best example to be a standard bearer for the industry. Gabriel Shapiro, General Counsel at Delphi Labs said, NFT trader, ex -lawyer, NFTs said, And the natural extension of that is any collectible that has a robust resale market — Jordans, baseball cards, comics, rare whiskey and wine, etc. — is potentially sold as a security. That is not the law, but it seems that the SEC is using essentially dicta in an order to creep its jurisdiction. Crypto criminal lawyer Carlos says injecting language like this into settlement seems to be a recurring pattern. To which ex -lawyer again responded, Obviously to us that's not true, but the SEC doesn't play fair and will take advantage of it. And indeed, this take that the SEC was overreaching here was by, in a way, the most common take. Marissa Tashman -Koppel, the Senior Counsel at Blockchain Association said, So now the SEC is in the business of regulating creatives and artists? Creating opportunities for ownership in the creative process is one way crypto and Web3 transforms how we interact online. The SEC shouldn't interrupt this process. Crypto lawyer Ujin writes, Hester Peirce emphasized in her dissent that the SEC's position limits legitimate ways for artists to make a living and she is right. Speculative sales of art are the basis for many sales of art, and that doesn't make those sales a security offering. Now still one more take was that we are seeing something of a positive pattern of dissent. Framework Ventures' Vance Spencer said, Peirce was on her own for a long time. Important to remember for something like an ETF approval, which requires three of five. Now staying on the theme of Gensler for a moment, it's like after the Senate hearing where he had to take some punches earlier this week, he had to go out and find a venue to get his own shots in. Appearing at a conference hosted by lobbyist group Better Markets on Wednesday, Gensler said, Millions of investors have been hurt in this field. It's an area that can hurt investors, but it can also hurt the broader economy because it can hurt investor confidence and finances ultimately built on trust. The conference was of course being held to mark the 15th anniversary of the collapse of Lehman Brothers, giving Gensler plenty of opportunity for histrionics about financial risk. Gensler trotted out his usual talking points, although adjusted to consider recent criticisms raised in court. Still, there was one kind of awkward and sweet moment where the host suggested that the crypto do seem to be finding some sympathetic judges recently, to which Gensler was uncharacteristically silent in response. Now, Jason Franek from Alliance Dow really sums it up. He wrote, Now, somewhat related, while presenting a speech at a conference hosted by the Practicing Law Institute, CFTC Enforcement Director Ian McGinley pressed home his agency's antipathy towards DeFi. McGinley said, McGinley presented the complete list of CFTC victories in DeFi cases, including a settlement with prediction market PolyMarket and derivatives exchange operator UkiDao. He said, All of this is to say, the CFTC has brought groundbreaking actions in the DeFi space, standing for the proposition that when offering core derivatives products based on digital assets to the public, whether in a centralized or decentralized manner, you must comply with the law. The comments came just a week after the CFTC announced settlements with DeFi trading platforms Open, 0x, and Derridex for offering quote illegal digital asset derivatives trading. The enforcement actions were widely viewed as the regulator taking on easy targets in an attempt to send a message. Indeed, the attack on DeFi was so brazen that one dissenting commissioner even openly suggested that the CFTC was quote, creating an impossible environment for those who want to comply with the law. Bankless co -host Ryan Schott Adams tweeted, The IRS is attacking crypto, FinCEN is attacking crypto, the SEC is attacking crypto, the CFTC is attacking crypto, OFAC is attacking crypto. This is what the now they fight you phase looks like. Now speaking of the fight and not going down without one, Coinbase CEO Brian Armstrong has called for DeFi protocols to take the fight to the CFTC and defend enforcement actions in court. He said in a tweet on Wednesday, The CFTC should not be creating enforcement actions against DeFi protocols. These are not financial services business and it's highly unlikely the Commodity Exchange Act even applies to them. My hope is these DeFi protocols take these cases to court to establish precedent. The courts have proven to be very willing to uphold rule of law. The only thing this is accomplishing is to push an important industry offshore. Now following last week's enforcement action against that trio of DeFi platforms, many commented that the order was a stretch of existing law. And while their cases may have been defensible, the diminutive DeFi platforms were unlikely to have had the resources to take on the US regulator, which is of course why many believe they were targeted in the first place. Now while Brian Armstrong stopped short of offering funding, many others in the space urged collective defense. Crypto law US founder John Deaton said, The industry needs to create a legal fund of some sort to help defend these winnable cases. LEO Trades amplified that, saying, Brian, if you really want to affect policy change, you and Coinbase should help create a fund for projects facing enforcement. Let's be real. Everyone is worried about the financial burden of litigation. This would honestly be a better use of resources than vague political campaigns. Now a different take was summed up by Jamison Lop, who wrote, My hope is that DeFi protocols be so decentralized that the notion of them going to court is absurd. Lawyer Jason Gottlieb wrote a thread about this as well, saying, I agree with Brian Armstrong that DeFi protocols should challenge the CFTC and SEC in court on overreaching settlement demands. The sad reality is that the agencies first attack smaller outfits for whom it makes vastly more economic sense to settle rather than litigate. We see what happens when well -funded projects go to court to fight shaky theories of DeFi liability. Cases or causes of action are dismissed, partial liability can be dropped, the dynamics are greatly changed. But the regulators start with huge advantages. They have typically worn down projects with an expensive investigation first. Even just satisfying the overbearing demands for document production in these investigations can cost six figures easily. I've said it before, I'll say it again. Every single subpoena a regulator sends to a blockchain project is one less engineering job in America and more money for lawyers. Even the lawyers who benefit from that, hi there, think that is a terrible trade -off for America. One problem is funding. The regulators can wear projects down and then offer deals that, while expensive and onerous, are better than more years of continued litigation where even if the project wins, it has massively lost time, funding runway, and momentum. Another problem is that these are people's lives. An investigation is obtrusive enough. Litigation is personally highly disruptive. For us litigators, it's just what we do, it doesn't feel bad. But for founders, devs, people just trying to build, it can feel terrible. So I would love for more DeFi projects to take the CFTC and SEC to court. And is this attorney advertising? I'd love to be the lawyer who represents them. But it costs a lot of money and it's emotionally hard. Companies that have taken on the fight have done great work protecting the space, sometimes behind the scenes in ways people won't widely know about. We need more. But not everyone is well financed and in a fighting mood. So we need to support the smaller projects financially and otherwise. Everyone who believes in the efficiency, privacy, and self -control advantages of digital assets is in this fight together. The battle over the future of crypto is the battle over the future of all digital assets. And since more and more of our lives are digital, that's more and more of our lives. This fight is far more important than when moon antics. It is literally the battle for the future of your digital life. The legal battles over digital assets are the battles over the direction of our collective future. Here, here. I think I will let Jason have the last word on that one because I can't do any better. I appreciate all you guys listening. And until next time, be safe and take care of each other. Peace.
Bloomberg Business of Sports
Fresh update on "jason" discussed on Bloomberg Business of Sports
"About rugby it's the same rules for men and women. Golf is a sport you can play well beyond your years unlike any other sport. You don't have college athletics anymore. You have young people playing professional sports. Bloomberg Business of Sports from Bloomberg Radio. This is the Bloomberg Business of Sports show where we explore the big money issues in the world of sports. I'm Scarlett Fu. Unfortunately, Michael Barr and Damien Sassauer are off this week but fortunately for me sitting in for them is the former Business of Sports host, the one and only Jason Kelly. So good to be here. Scar I always love teaming up with you. You and I talk a lot about sports every time you walk by my desk or I walk by your desk. I know you've been busy with Vanessa Perdomo on next in sports examining some of the big sports that are kind of on everyone's radar but also power
Hearing Jesus: Daily Bible Study
A highlight from 381// Preparing the Way: Exploring the Kingdom of Heaven in Matthew 3
"Do you sometimes doubt if you're truly hearing God's voice or if it's really your own? Or have you been in a season where it feels like He's completely silent? Have you been praying for a way to learn how to hear His voice more clearly? Hey friends, I'm Rachel, host of the Hearing Jesus podcast. If you are ready to grow in your faith and to confidently step into your identity in Christ, then join me as we dig deep into God's Word so you can learn to live out your faith in your everyday life. Need a new roof for your home or even just some repairs? That's a big investment, one that you should take very seriously. And you want the job done right by professionals and at a great price. You need to call your hometown roofing contractor. Serving Northeast Ohio for over 65 years, Coats Bros Roofing, 440 -322 -1343. How have they been in the roofing business for so long? Quality work at a great price. They keep their promises and communicate with you, the homeowner. Coats Bros Roofing will listen to you and find solutions that will accommodate your roofing needs. They'll give you a better than competitive price on your roofing job and make sure that it fits within your budget. Financing is available too. The highest quality at a great price. Coats Bros Roofing, call 440 -322 -1343 or go to CoatsBrosRoofing .com. That's C -O -A -T -E -S, CoatsBrosRoofing .com. Attention, your withdrawal has been denied by the U .S. government. Picture a world where your every purchase is monitored, tracked and controlled by those in power to suppress the freedoms of those they see fit. Hi, my name is Jason Hansen. I'm a former CIA officer and New York Times bestselling author. And right now, I've become very focused on the impending rollout of the central bank digital currency. This is not a work of fiction. It's a terrifying reality looming on the horizon. But there is a bit of good news. I've partnered with Advantage Gold to offer you a solution. They are specialists in converting your traditional assets like those inside an IRA or 401k into tangible assets such as physical gold and silver. Don't allow your money to be controlled. Claim your free gold protection kit from Advantage Gold. Call 800 -900 -8000. That's 800 -900 -8000.
WTOP 24 Hour News
Fresh update on "jason" discussed on WTOP 24 Hour News
"News on wtop 10 and 40 past the hour brought to you by PenFed great rates for everyone here's Jeff Claybaugh no gains for markets the this week in fact sizable losses the Dow lost almost two percent the S &P 500 lost almost three and this week the Nasdaq lost more than three and a half percent this week the economy may have been doing a little better than first estimates this summer the government's final revision to second quarter economic growth may bump it up to an annual rate of two point three percent other reports next week include contracts signed to buy a new and consumer sentiment Jeff Claybaugh WTOP news 841 a 56 year old Maryland man Rocky Mill Street will spend the next five years in prison after being convicted in connection with his actions in the January 6th Capitol insurrection prosecutors say he attacked an Associated Press photographer and then threw a flagpole and a smoke grenade at police officers guarding the US Capitol a week before the attack authorities said he began injecting himself with steroids so he was quote prepared for battle as he prepared for hand -to -hand combat a Capitol police officer was seriously hit hurt when he was hit with a club that the man threw at the police in court Mill Street expressed remorse for his behavior but the judge who sentenced him and who also watched videos of his attack said he he's believes sorry for his behavior but he deserves a strong sentence a group of students at a Montgomery County High School allegedly performed an anti -semitic salute together during a lunch period a letter sent home to families by Montgomery Blair High School principal Renee Johnson says the students enacting the anti -semitic were salute filming themselves doing it outside when other students saw it and reported it to administrators the school says they have a zero tolerance policy for hate speech and that Montgomery County Police have been brought in to investigate possible motivations behind the behavior WTOP has reached out to the school system as well as local anti -hate and Jewish groups for comment. Matt Kofax, WTOP News. If you're looking for a place to go this weekend Dana Carvey hits the Hollywood Casino in Charlestown, West Virginia. Dana Carvey party time WTOP, excellent Hollywood Casino. I'm not worthy. Remember the most important thing is to party on. Party on. Dana Carvey will perform his SNL favorites like George HW Bush. Sometimes I do George Bush Sr. going off a high dive. He's looking down. Gotta do it. Gotta do it. Not gonna die. You'll also hear his latest Donald Trump and Joe Biden. Trump always sounds like he's pitching a family vacation. We're gonna go a lot of places and people say no they just can't go there. The whisper to the yell is my new favorite toy with Biden. They're rich aren't paying their fair share. He says gotta pay fair share. Sharon Stone, Stone Temple Island. Your heartfelt shout out to my podcast Beyond the Fame, Jason Fraley, WTOP News. Coming up on WTOP, what would a federal government shutdown mean to the DC area? We'll learn more coming WTOP up. News Time 843. Okay we're here. Flu shot time. How about come we back tomorrow or next week? We're all here now we can just run in and out. But we didn't make an appointment. We don't need an appointment. But it's Sunday. They're not open on Sundays. Honey, they're open. But... Come on dad, you can hold my hand. Okay. Stop by a Wegmans pharmacy for your flu shot Today,
Paul Vato Presents: A Celebrity Centric Podcast!
A highlight from Exploring Art, Laughter and Resilience with Illustrator, Jason Seiler!
"Y en ese hombre, hold another bottle. Look a little closer, cigar and Moscato. An actor in improv coming from Chicago. Auto, make way for Paul Vato. Bravo, and welcome everybody to another episode of Palo Alto Presents. And today my very special guest is Jason Seiler, who, judging by your Instagram, instagram .com slash Seiler pants, you make pants. Oh yeah, yeah, I got mostly made in Wisconsin, yeah. Wisconsin, Wisconsin, China, Jaina, Jaina. No, it's Seiler Paints, Paints. Seiler Paints, I think I got the wrong guy. I need a pair of pants and I thought you could hook me up with a pair of pants, nevermind. Folks, I'm just kidding, of course. I'm not the pants guy. I'm not a pants guy either, now in the time of Zoom calls and COVID and whatnot. No need to wear pants. No. My guest is Jason Seiler, who paints. He's an illustrator, he's an artist. He does caricatures. He's done the cover of Time Magazine various times with people like the Pope. And who was your other cover that you did? I've done Trump and Pelosi and a bunch of other political people, Biden and Kamala, person of the year. I think I've done about 10 covers for Time. That is amazing, congratulations. So I thought I'd spend a few minutes talking to Jason about his art, talking to him about his standup comedy. And we have a connection in the world of standup comedy as well as the Chicago connection. So folks, please give Jason a very warm round of applause. And thank you, Jason, so much for being here. Thank you, thank you. Oh, nothing better than claps and laughter. That must be so different, the fact that you're getting claps and laughter on stage. Sure, that's almost not in fact, but that when you're painting or drawing it's such a solitude thing, that you go from one world to the other where you're very solitary and concentrating. Not that you don't in standup, but you're not getting that immediate reaction until afterwards while standup, you're getting it right away. You're getting the applause, you're getting the laughs and all that. And the groans. Well, a reaction is a reaction. I love it. Have you got any groans for your artwork? Oh yeah, yeah, I was just about to say, I do get reactions pretty quickly when I share work. It's kind of funny, because I have done a lot of political type work, but I can't stand politicians. The left or the right, they're all lunatics as far as I'm concerned. So I have no problem illustrating for anybody, because I don't have a horse in the race really. I don't worship politicians, let's put it that way. Every once in a while I'll paint a certain politician and I'm trying to take care of my family. It's my job, I'm painting to somebody and I will get the nastiest messages from people just angry so that I, how dare you even work for that publication or draw that person or whatever it is. I've gotten pretty serious. One time I painted the president of Iran, this was years ago and I got some serious, nasty messages from people trying to curse my family and writing me crazy things. I actually even got a care package in the mail from Iran. This was like 15 years ago and it freaked me out so much because it was just after I got all these threats. So I gave it to the police and to the FBI in Chicago. I just told my story and they took it and they came and got it, I don't even know what was in it. And then maybe, I don't know, like a month later, I got a call and they told me it was mixed nuts. It was a bag of mixed nuts. I thinking was that there was maybe gonna be like, man, those are some delicious Persian cookies. Yeah. But sorry, you didn't want, but same thing, mixed nuts. But then I found out from someone from Iran that that's actually like a gift of love or whatever, like that's a common thing to be, so it was probably a fan, but it still weird me out. I was like, okay, I don't know. People are saying death to you and your family, here's some nuts, enjoy. Maybe they thought you had a peanut allergy, so maybe it wasn't. He's American, send him some gluten, that'll kill him. Send him some gluten and a shoe. We couldn't throw it at you, but here it is. No, until somebody's paying your mortgage and your rent or your bills, they can't exactly tell you how to do it, but that's the thing, you're not a hypocrite. You're only going like, oh, I'm only drawing Republicans or I'm only drawing Democrats. You're going across the board and all showcasing your beautiful talents and artwork, so you can't let that, of course, stop you, and it hasn't, so that's wonderful. It is a little bit tricky because there's some artists that I know that only will work for the left, and then they criticize me if I do anything for a right -wing publication. But the thing is that I don't illustrate something if I don't, if it's over the line in any way that I don't, otherwise, mostly it's just like, whatever. There's a story about this person and I'm just doing a painting of them. Chill out. I'm recording history, okay? This is something that is happening right now, and whether you like it or not, that person exists, and recording I'm history with my painting. That's basically, and I'm also taking care of my family and doing what I love, so chill out. Yeah, agreed, and that is 100%. You're not doing the political commentary. No. You're just doing a painting for whatever article that is, be it right, left, so no, I don't think that you should ever, of course, need to explain yourself. I know that we're just dialoguing, but no, you can't listen to what other people say. And then, I'm friends with a pretty well -known cartoonist and he's very left -wing. His name's Lalo Alcaraz. He's an award -winning cartoonist, and I co -hosted the show Pocha Hour of Power with him on KPFK in LA, as you know, that's very left -wing radio. And he, you know, he'll go at both sides, but he really, of course, goes after the right, and especially Trump and whatnot, but I think he would appreciate your work because we also know people on both sides of the aisle, and yeah, that's just incredible. You're taking shit from all sides. And even in comedy, too, like I don't really get into politics too much in comedy because it just divides the room right away, but I like to make fun of myself or kind of make fun of both sides at the same time, you know what I mean? Like making fun of Trump and Biden together, you know what I mean? Like that's more fun to me, like if it's a fun joke, but yeah, it's different with the illustration because it's, you know, a client will call me and tell me like someone they want me to paint. They'll tell me the story. If it's a caricature -type editorial illustration where they're like wanting me to draw a situation, if it was something that I didn't agree with, I just wouldn't do it, and I've done that before. I'm like, eh, I don't really want to do that. And that's fine. They'll find someone else. But mostly it's just in the last three years or so with the heightened wokeness thing that's been going on where people are seeing them being a little bit more sensitive about things, that caricature, which is what I've been doing since I was like nine, 10 years old, has not been used as much in editorial work. And I've actually been called out a few times now for doing caricature that I'm a bully, that it's mean, and that they're like, how could you do that to people? And it's just like, it's ridiculous. And it's funny because it really, the caricature illustration and comedy, it's always been like very similar to me. The difference is when I do comedy, people go to the show to see comedy. So I actually feel like I have way more freedom to express myself. And it's like, hey, shut the fuck up. You decided to come to a comedy show. So get over it. But like with the art, it's like you're kind of just putting it out there and then anybody feels like they can say and they know what they want. And now everyone has access to tell you what they think. So it's a - Of course, of course. Yeah, everyone's got a platform. Now you're saying that you're being called a bully or you might be because you're exaggerating features of people's faces? Because I think that's what caricature is, correct? I mean - Oh yeah. There's been people that take it in that way, that like, I've been called a bully basically, which is kind of crazy. Cause it's like, they look at what I'm doing as super mean or that's like insensitive or racist or whatever, just as like, because of how I draw somebody and it's like, no, that's what they look like. It looks more like them than a photo sometimes. A good caricature. It really can capture someone's essence. But I've definitely noticed in the last few years, this shift in this, like people are like walking on eggshells about everything. So - Yeah. We especially notice it in comedy or satire and whatnot, you know, but I hear you. So keep fighting the good fight. Now you mentioned you take commissions. Now, if I wanted you to draw either myself or something for a book, that's a project that you would possibly take on, you would consider? Oh yeah. Yeah. I'm a freelance artist. So if you have monies, I provide the honeys. You know? Yeah. Yeah. Because I was going to offer, you know, I'd love for you to draw me. It'll bring you great exposure. I feel like a lot of people make that offer. Like, oh please, you know, do work for me. And you'll get a good exposure. So sorry, but I can't tell that to my mortgage company or my landlord. Do you charge different rates, say for individuals versus like corporations, like to draw the cover of Time Magazine, do you have a set rate? Is it the same as other artists? And you know, if this is proprietary knowledge, then by all means, you don't have to share it. But I think people would be very interested to know what can an artist make? Obviously you've dedicated what, 20 plus years to your craft? Well, yeah, I mean, it's different how it works. Because basically from magazine to magazine, the way it works usually is they have like a set amount for cover or for spot illustrations, inside the illustrations. And they offer you the job, you either take it or you don't. You know, so that's usually how that works. And a magazine cover can be anywhere from, you know, 1 ,800 to 2 ,800 to 3 ,500. It depends on who it is. And then it varies for different other projects. Like I recently did background paintings for an upcoming Disney movie. And that was different. That was more of, I got paid every two weeks. And so I had a set amount where I was paid. And so it's never the same. Like sometimes I do, sometimes for clients or for private commissions, I'll do a day rate, you know, which is usually I'll charge like 1 ,000 to 1 ,200 for a day rate. And so it just depends on what the project is and also, especially if it's a private commission, I usually, I ask for like half upfront for something like that. And then because I'm also taking on, you know, editorial work while I'm doing that, you know, so it really just depends. That's, it's not, there's not like a set thing. Yeah, I mean, and it's different also for, because when I do my editorial work, I work digitally, but when I do private commissions, well, I also work digitally for that as well, but sometimes I'll do oil paintings, gouache or things like that. Those will cost a lot more because they're traditional and they're huge and they take a long time. So that's, you know, again, it's all over the place. So it depends on what it is. Like if it's an album cover, let's say I've done a few album covers before, that can be a lot more than like a book cover or, but in the industry itself, there's not like a set thing, you know. Wonderful, well, thank you for sharing because I think that we get a lot of listeners that are getting into the arts or enjoy the arts or artists themselves. And I think that's one of the important things is, you know, monetization and can I make a living at this? So thank you for being free with your information and sharing, so much appreciated. And then how did you get into standup comedy? It's kind of crazy, but we kind of have a connection. You mentioned Steve Byrne before, but basically, so I've always wanted to do comedy. Ever since I was a little kid, I know he's not so popular right now, but Bill Cosby was my favorite comedian. When I was a kid, I would watch it over and over and over again. And as I got older, I just, you know, every comedian show I could see, I would watch. Saturday Night Live, anything comedy. And then of course I was really into Mad Magazine and that kind of stuff. So it's always been a huge part of my life. And I've always, I wasn't really like a class clown. I was definitely a weird, quirky artist guy that loved to make people laugh. And I would be silly with my friends and I always wanted to get people to laugh. Like it was, I would, you know, whether I was like walking, I used to sometimes for just for fun, I would walk around my high school like Charlie Chaplin. And I would just do the Chaplin walk for hours. Like I was just weird, I don't know. Like I've always just loved comedy. And then as I got older, I moved to Chicago when I was 18 and I joined, I was in a bunch of punk bands and metal, like hardcore bands really. And so I spent years touring and putting out albums with bands. And then eventually I quit and focused like on my art full time.
Blue Collar Bitcoin Podcast
A highlight from BCB126_JASON MAIER: Why The Left & Right Can Agree On Bitcoin
"If your goal is to have a world money that is accessible to everybody, then you have to be okay with everybody using it. The idea that you're just going to sort of write off people that I'm trying to educate because they don't fit in the category that you think, which by the way, those categories are sort of fiat world imposed categories. People are attached to them and they're important, but if you're just writing off a bunch of people because they don't fit what you think Bitcoin is, then you're not really working towards a world money for everybody. This is the Blue Collar Bitcoin Podcast, a show where average Joe firefighters explore the most important monetary technology of the 21st century. We talk Bitcoin, we talk finance, and we talk shit. Welcome back in folks. We've reached another week and with that comes another episode of the Blue Collar Bitcoin podcast. Seriously, thanks for choosing to spend some time with us. This week, Josh and myself, Dan sit down with Jason Meyer. Jason is the author of a new book titled A Progressive's Case for Bitcoin. He's also just a regular, super relatable dude. His day job and lifelong passion is teaching high school math. His book and the themes he explores with us in this hour aren't just well thought out. They're not just well delivered. They're also downright inspirational. During our time together, we explore with Jason why Bitcoin is good for the environment, how Bitcoin helps poor and marginalized communities, why Bitcoin is a protest against too big to fail banks, how both the left and the right can agree Bitcoin marks an empowering move forward for humanity, and the significance of what we call the immaculate Bitcoin orgasm. A few weeks ago, we did a deep dive on home mining and the heat bit preorders for the heat bit. Many ended September and so does the chance to get these puppies at a 30 % discount. These heat bits aren't just bad ass. They pay for themselves. You can get a juicy discount on this three in one device, a heater, an air purifier and a Bitcoin miner with code BCB. That's code BCB at heat bit dot com. Additionally, if you are planning to go to Bitcoin Amsterdam in October or Bitcoin 2024 in Nashville next July, take 10 % off your tickets with code BCB. Lastly, I want to highlight the point that there are certain things in life worth compromising and flexing on, like what movie to watch tonight, what shirt to wear, whether to take a shit in the upstairs or downstairs bathroom. However, there are other things in life you should never compromise on or take shortcuts with, like your values, your health, condoms, or how you store your Bitcoin private keys. If you don't yet own a cold card, what in tarnation are you doing? Choose the world's most trusted and secure signing device, the cold card made by CoinKite. This thing has dual secure elements. It can be truly air gapped. It's ultra secure and it's affordable. You can use code BCB, that's a B, then a C, then a B, B, C, B, to get a 5 % discount and let CoinKite know we sent you. You can also get discounts on a wide variety of CoinKite products, including the block locks at the CoinKite link we have down in the notes. Okay, enjoy this one. Jason, thanks for joining us, my friend. How are you doing today? Great, thank you. I'm excited to be here and excited to talk to you guys about Bitcoin. Absolutely.
Crypto Critics' Corner
A highlight from All-In? We're Out: Why the All-In Podcast is Bad for America
"Welcome back everyone, I am Cas PNC, I'm joined as usual by my partner in crime, Mr. Bennett Tomlin. How are you today? Well I was just able to get out of a position in some unvested tokens I wasn't really a fan of anymore, so I'm feeling pretty good all things considered. That's awesome news man, I hope it wasn't Cas coin. We are, he's bringing up that topic because we're talking about possibly four of my least favorite people in the entire world today. We are talking about the hosts of the All In Podcast. Now if you're unfamiliar with the All In Podcast, god bless you. You probably just want to turn this off and skip it because you know what, you should never ever listen to them and just move on with your life. However I think a lot of people, especially people who listen to our show, are likely familiar with the All In Podcast and the hosts who are, let's go through them one by one, Chamath Palihapedia, Jason Calacanis, David Sacks, and David Friedberg. Now I decided that we needed to do an episode about these gentlemen because Chamath has been an asshole on Twitter a lot lately, and that's it. He basically, he triggered me to force Bennett to discuss these fellows. So I'm going to go ahead and just jump into that, which was he tweeted at this guy who said, hey man, I'm not using exacts here, but this guy basically said, hey man, how's it feel to be a billionaire after having made all this money off the backs of retail investors and scammed a bunch of people with your dumbass SPACs? SPACs are Special Purpose Acquisition Companies, that's what it stands for. It was this, I guess it's still going on kind of, but it was a bit of a fad over the time, onto stock exchanges, whether it was the, you know, New York Stock Exchange or NASDAQ or whatever. And Chamath was one of the people doing it all the time, and almost all of them had basically just done terrible. So this person asked Chamath this question and Chamath's response was, I'm in the arena, as though he's a goddamn gladiator in Roman times, which is just unreal. Like, we don't know at all, like comparing any of our existences to what it was like for gladiators in the arena, especially a billionaire who's just investing in shitcoins and fucking, and crappy investments, like what an unreal statement. You're not allowed to say you're a man in the arena until you lead the Rough Riders in the Spanish American War, everyone knows the rules. I even read a substack this past week where someone who notoriously sides with venture capitalists, like a journalist who basically writes for venture capitalists, even he was like, Chamath, what the fuck, man, like got to apologize for this. Like you, you are celebrating, you're celebrating shitting on retail investors. You're celebrating stealing money from the everyman and you're owning it. Like you're owning it, saying it's fine and suggesting that like you are the gladiator for destroying the common man. And it's just like such a weird flex. Well, and just to kind of add on to that, did you realize just how much money he made from some of his specs? Oh, it's almost a billion dollars. Yeah, like he sold his stake in Virgin Galactic for $213 million. It's now down like 95 percent from peak or something like that. Clover, he had an original $25 ,000 investment that he sold for $290 million. And it's also down like 94 percent from peak. He made a ton of money on these companies, which the market seems to have determined as soon as he dumped his stakes were effectively valueless. And I know he was involved in SoFi or whatever, too, which is doing better than these ones. But it struck me at just how massive those numbers are. Do you remember during the GameStop mess when Robinhood closed down their trading for a little bit, he sent a bunch of people over to SoFi saying like, Robinhood is selling your order flow to Citadel Securities. You should come trade it SoFi instead. And of course, SoFi was selling all their users order flow to market making firms. Anything for cash. So I fucking fly home from Italy. From Italy. Get back in the arena. At 35 ,000 feet, I decide to troll the mids. We'll talk about that later. But anyways, sipping a beautifully chilled white burgundy. So that was his first kind of strike recently, recent strike. But then he did something that really fucking pissed me off. And this is you got to go on this show. You got to join Joe Wiesenthal and Tracey Alloway, who host the Odd Lots podcast, which if you're not subscribed to, fantastic podcast, go listen to it. It's really like if you're interested in any random finance topic, they probably covered it and you should find that episode and listen to them because they're super informative and fantastic. Someone said, because Joe posted, Joe posted on Twitter and said, one of Chamath's SPACs had gone down 93 % since he had shilled it. And someone said, oh, and someone, yeah. And someone said, okay, so Chamath, are you going to go on the Odd Lots podcast? And he said, why would I go on a podcast no one listens to? Which is just like, dude, not only is it obviously not true, this is one of the most listened to financial podcasts in America, in the world, but also is just so cringe to have that as your response. It's so like, I'm rubber, you're glue kind of fucking kitty bullshit that it incensed me enough to be like, we got to talk about these guys. I fucking hate these guys. So that's where we are. Where do you want to start with these fellows? Because there's a lot, there's a lot here. It's almost overwhelming to go over some of the details about these things. So I think we kind of just need to start a little bit with some of their backgrounds, right? David Sacks and Jason Calacanis are both members of the PayPal mafia, right? They were executives involved in various ways with PayPal. And when that was initially bought out, this group, including Peter Thiel, Elon Musk, Reid Hoffman, and a bunch of these other folks became very important in Silicon Valley because they were rich. And that's how you become important in Silicon Valley. Since then, they have two varying degrees and slightly different depending on which member of the mafia you're talking about, grown in self -importance to an almost preposterous degree. And what I think is especially striking about many members of the PayPal mafia is they have not shied away from using their money to get involved in other things, especially politics and other societal issues. For David Sacks and Peter Thiel, this dates back to the book of rape apologia they wrote in college. For Jason Calacanis, he's involved in a variety of nonsense political movements. David Sacks is contributing to a bunch of idiots in various political races that he wants to support. And broadly, many of these individuals have shared opinions that range from the stupid to the abhorrent throughout their entire careers with extra consideration given to these meaningless thoughts because of their wealth. And I think that's kind of really the issue with them is that they are given consideration for stupid objectively things because they are objectively wealthy people. Yeah, it's kind of a double edged sword here, actually, because I think that in some sense, these guys represent to retail and, you know, plebes like us, these guys represent, you know, these are the wealthy, these are the wealthy people, they're speaking on behalf of the wealthy people. And then on the other end of that, I think it's funny because it's not like, not that I think venture capitalists in general kind of suck. But the truth is that not all venture capitalists suck, and not everyone in Silicon Valley sucks. However, these guys, by being the loudest, most obnoxious people coming out of venture capital and coming out of Silicon Valley, they become the voice of all the venture capitalists. And so now they represent those people, whether they like it or not. And so here it is, it's this double edged sword. On one hand, you have retail going, oh, these guys speak for all venture capitalists. And then on the other, you have venture capitalists going like, I wish these guys didn't speak for us, but they do. And I think the other thing is just how much of their shtick is like just so clearly a performance, right? Like we're talking about billionaires and centimillionaires. I'm not sure if they've all hit the billion mark, Friedberg especially. But these are incredibly wealthy individuals. And in their last podcast episode, I think it was the last one, they spent 40 minutes reacting to the song Rich Men North of Richmond. And because of this, the top 20 percent, the top 5 percent have acquired an outsized amount of the assets and outsized amount of the income, as we all know and have all benefited from. And the vast majority of Americans that have been working, I have a question for Friedberg. Friedberg, do you think that we should implement policies to change the lines on this graph? That's exactly what I was going to ask. Yeah, right. Which is them.
The Bitboy Crypto Podcast
A highlight from Could This Cause Ethereum To 20X? (XRP Settlement Coming?)
"You know who's the star of 2021? Some say it was Ethereum. Ethereum, you know, blew up, had huge, huge gains, outsized relative to Bitcoin, but then when it fell, also fell outsized relative to Bitcoin. Well, it looks like ETH is trying to get another ETF on the board here. You know, got a lot of companies that started with Bitcoin, and now we have VanEck officially starting the clock for a spot Ethereum ETF. Bloomberg expects more ETFs to be filed in the coming days. The race for the spot ETF has officially begun after the Chicago board options exchange will ultimately start the clock for an SEC decision. Let's see, they filed these to be listed on CBOE's BZX exchange as the Chicago board options exchange and a pair of tweets. Looks like as opposed to the previously submitted filings, this filing means that the countdown is now in motion. The race is on saying, guys, this is a long, long deadline for now. We're not talking about next month. We're not talking about next week. We're talking about March of next year, three, two, three, three, two, three, two, four. No, no, five, two, three, two, four there. Keep scrolling, keep scrolling. ARK Invest and 21 shares teamed up to file the S1 of the SEC on the 2021. They were trying to do this years and years ago, but now maybe the SEC might take it seriously. On the 17th, SEC reportedly singled its intention to approve Ethereum futures products, while several firms including Grayscale and BlackRock are currently fighting to get the spot Bitcoin. So we have ETH futures, spot Bitcoin, and now we have spot ETF in the process right now. All right, so what is going to happen, though? Some people are saying approval is inevitable. You know what's also inevitable? The fact that you're going to hit the like button Hurry, hurry, I'm starting to count down three. You only have two seconds to move the mouse. You feel that? Oh my God, it's just a huge wave of relief and awesomeness just crashed over your body. All right, let's talk about this approval, though. Approval is inevitable. SEC Insider primes crypto market for a $15 trillion Bitcoin, Ethereum, and XRP price ETF game changer. These major cryptocurrencies could be headed into one of their biggest ever months. The one crypto watcher has said it's going to be crazy. He said it's going to be like a movie, man. Last night was a movie. Now, former SEC chair Jay Clayton has said eventual approval of a spot ETF is inevitable following the SEC punting a decision on the ETF filings from the managers who looked after a combined $15 trillion until October. Looks like he's maybe looking at the fact that they punted the ball. They didn't go forward on fourth down. That's for you, football fan. Maybe because they didn't say no, and they said, I'm going to kick the can down the road instead of saying no, he's saying a yes is inevitable. That's the signaling of the kicking of the can down the road. But it's not all roses. It's not all balloons and clown faces for Ethereum. There was a hack in this summer reporting. This is the largest fishing hack in history for Ethereum, at least. Looks like this crypto whale lost $24 million and staked Ethereum to a phishing attack. Looks like they were transferred into the fully automatic exchange fixed float. Never heard of it. Here we have Joaquin, Joaquin dancing down the stairs. Cryptocurrency whale has fallen victim to a massive phishing attack, losing millions in staked ether on the liquid staking provider Rocket Pool. According to Peck Shield, Fisher subsequently swapped the stolen assets for just regular ether and then a little bit of tokens here. So we cashed out 1 .6 million of it. According to scam sniffer, the victim enabled token approvals to the scammer by signing increase allowance transactions. Allowance permissions are a feature of ERC, which enables a third party to have the right to spend some tokens that belong to a different owner using smart contracts. Observers have warned against risk associated with approving allowances, noting that developers could deploy malicious smart contracts to scam you. The news comes after at least five liquid staking providers imposed or started working to impose a self -limit rule in which they promised not to own more than 22 % of the Ethereum staking market. They reportedly include Rocket Pool, Stakewise, Stater Labs, and Diva staking. So they're going to try to self -regulate themselves and become a little bit more decentralized, but just be careful out there. We're going to talk about a hit network employee that fell victim to recent loss of crypto. And that'll be at the end of the show, though. You're going to want to stick around for that. AB, you don't have to put me on blast like that, Deezy. Too late, AB. I just did it. Did it again. 787, 150 thumbs ups. Where are we right now? Are we at 169? We're at 159. We're about to cross 900 on concurrent. But yeah, 160. Definitely can get up over 200 very, very quickly. All right, Jason Foley. Deezy will be the man and one of my favorites. Hey, even though I'm folically challenged, I appreciate that there. All right, that was a bad one. That was a stretch. That was a stretch. All right, let's talk about Ripple. And then we're going to have that Ripple prediction. We're going to have a lot of fun with this, seeing the CTO. What is the secret roadmap for Ripple? We're going to try to guess. All right, but first, the chair lab slams Biden and Gensler off the top rope and to the announcer's table. Wait, no, no, no. Just slammed him verbally for having screwed up on crypto. The legal system is set to bring the crypto industry back into the game after the Biden administration screwed up its crypto policy. According to the founder, Chris Larson, one of the richest people in crypto. We're covering that in ATB. I think it comes in as number four or something like that. Four billion in Ripple assets, I believe he has. Larson also commented on the latest court judgment in favor of Grayscale over its application to convert its Bitcoin trust into a spot Bitcoin ETF, noting it really admonished the SEC in a way you don't really see very often. Basically saying the SEC, they use language you don't ever really see in this legal proceedings. It's going to be boring, verbose, legalese, real pellets and this and that. And it's legal, this mumbo jumbo. Now we came out with like a strong dissenting opinion, basically, you know, in slandering their name almost. It's like they drug them out on the front page TMZ, but this is like the legal version of it. I sincerely hope we're seeing the beginning of the end of the SEC's policy of regulation by enforcement. The courts are rejecting it. Now it's time for Congress to take the lead on crypto policy.
Evangelism on SermonAudio
A highlight from What is Evangelism?
"For like three years now to try to use some of this more advanced technology to Do sermons and things from so this is the maiden voyage for this Tablet so I have it on paper also in case Technology doesn't work the way it's supposed to Yeah as Pastor John mentioned first let me say thank you Pastor John and Mary and I here and thank you for this opportunity On that back table. There are just a bunch of free books that we bought brought to Bless you guys. There's also tracks back there If you have any questions about any of the books there's books on Probably one of the great little gems back there is called listen up. It's a little booklet on how to listen to sermons Hey John, I didn't see you come in a Lot of great things back there. So please avail yourself of those resources. I'm not taking any of it home And I don't want to those are to bless you guys so The the topic this weekend is We have an evangelism summit. So in this first session I'm gonna be talking about well, what is evangelism and and why do we evangelize? So for some of you guys these this will be you know some basic stuff for you hopefully there'll be something For you to take away that'll be helpful to you in Adam session He'll be talking about how and when we evangelize and then in a final session today. I'll be talking about What about results? trusting God and evangelism, so I'd like to start out if you have your Bibles with you Turn to Romans chapter 1 Romans chapter 1 We're just gonna read verses 16 and 17 and I'll pray again as we get started Romans chapter 1 verses 16 and 17 Paul under the inspiration the Holy Spirit Gives us the Word of God. He says for I am not ashamed of the gospel For it is the power of God for salvation to everyone who believes To the Jew first and also the Greek for in it. The righteousness of God is revealed from faith for faith as It is written the righteous Shall live by faith Let's pray together Heavenly Father. We do bless your name We thank you Lord God for the gospel the gospel that has redeemed Many of the souls in this room. We pray that the gospel would Be effectual for anyone in this room has not been redeemed yet that they would hear the gospel They would hear about your power to save and that they would have a desire to come to you a desire that only you can Put within them Lord God, but we know that it's Lord I pray for Myself today Lord that I would get out of the way of your word. I pray for my brother Adam Who's such a dear friend to my family that you would help us as we teach from your word? That you would bless these Saints and build them up Equip them Lord for the sharing of the gospel the good news of our Lord Jesus Pray that the things that we would say would be in accordance with your word and anything that We would say that was not would be disregarded please God be our help today in this time in Jesus name. Amen Okay, so so sometimes when you want to define Something or speak on a certain subject. There may be a lot of misconceptions or even false definitions of that subject So therefore, you know when you want to do something like that You have to point out the falsehoods about it and and address The wrong definitions of it. So the first thing we actually talk about today is is what evangelism is not Because there's a lot of things I think out there especially in the evangelical church world That are talked about as if they are evangelism, but they're not actually evangelism. Okay, so inviting people to church That might surprise some someone in here. I don't know I'm not that this is not to say that inviting people to church is a bad thing But for so long in the church world People have this idea that well, we have a pastor and so it's the pastor's job to evangelize. That's another misconception It's every Christians privilege to evangelize But inviting someone to church is not evangelism Although it's a good thing Things like you know, I I did evangelism on a university campus for many years and and still do and so there would be various You know free lemonade stands and free cookie stands and things like that and oftentimes these were Ministries that call themselves Christian ministries that were saying that was their form of evangelism. Just giving away free cookies No talk of Jesus. No literature about Jesus Not giving it away in the name of Jesus while that might be a nice kind, you know Merciful thing to do give someone a cookie. It wouldn't be merciful to give me cookies. I don't need cookies In case anybody, you know had any thoughts about that, but that's a nice thing, but it's not evangelism a really popular Evangelical teacher anybody in here ever heard of Rick Warren Rick Warren, he's got this book in the church. The Lord saved me and we used to call it the Bible light It's called the purpose -driven life Rick Warren got on national television several years ago around this time of year around Easter time and he told people They said if you could give people any message What message would you want the world to hear and he said well, I just tell people to give Jesus a try You know try them out for 40 days And if you don't like what you found then, you know, just throw them back kind of, you know But the Word of God says do not put the Lord to the test Jesus is not someone to be tested. He's someone to be worshipped and adored and followed after Another thing that sometimes gets Confused for evangelism is our personal testimony of our having been saved now Our testimony can be evangelism if it includes the gospel in it but have any of you guys ever heard like one of these testimonies where maybe the Lord saved somebody out of a really rough life and There was way more about sin and the way they were living and everything like that It was hardly really even mention of Jesus or his power or anything like that So if you're going to share your testimony with someone of how God saved you, that's a good thing If you've experienced the power of God for salvation in your life, just make sure that you include the gospel in it Sometimes I've heard testimonies that I wondered if it was actually a Christian testimony Because there was nothing about Jesus in it You know a a or na can turn somebody away from Problems in their life like alcohol and drugs, but it won't necessarily redeem their soul if it's got nothing of Jesus To it the Apostle Paul. I think is a great example. He had several opportunities as he was arrested and imprisoned to Share his testimony of what God did in changing his life In Acts 22 he says I Persecuted the way to death the early Christians were called followers of the way Jesus himself said I am the way the truth in the life Paul continued on he said when when God struck him down on the on the road to Damascus He heard a voice that said I'm Jesus of Nazareth who you are persecuting and then at the end of that Defense that he gives for his ministry. He says the God of our fathers Appointed you to know his will This is what God proclaimed to him to see the righteous one and hear a voice from his mouth for you'll be a witness for Him to every one of what you have seen and heard Okay, so Paul speaks of Jesus in his next defense He says that he speaks of the way again, and he says And it is with respect to this this resurrection of the dead that I'm on trial for you today Well, there weren't people not anybody was just running around claiming to be resurrected from the dead They knew he was speaking of Jesus when he said I'm on trial because I'm out preaching the resurrection from the dead in his third defense before King Agrippa Here's an interesting thing. He says that God made him a messenger to the Gentiles that they should repent and turn to God Performing deeds in keeping with their repentance and the very next verse. This is um 26 acts he says I went and told him to repent and turn to God and and continue repenting and Perform good works and keep her repentance and then he says verse 21 for this reason the Jews seized me in the temple and tried to kill me So he says I told him to repent and they tried to kill me Nowadays, there's a preacher probably a lot of you heard of Steve Lawson Excuse me, he said The problem with preachers today is nobody wants to kill them anymore You know, I mean nowadays if if someone's out preaching usually give a testimony Someone assaulted me or spit on me or maligned me a lot of times people, you know Even within the church will look at you like well, what did you do to bring that on? The Apostle Paul when he first was converted thank you, honey When he first was converted the first place he went and preached in they plotted to kill him and And his friends had to lower him in a basket down the wall a city to get out and escape More things that are not the gospel social work Social justice work or political involvement are not evangelism again. These things may complement evangelism, but they're not evangelism Unless there's the proclamation of the gospel Because evangelism the word comes from the evangel The UN galleon we're going to get to that in a minute even a pop Christian apologetics are not necessarily evangelism if they don't include the gospel anybody ever heard the There's a famous quote from a guy named st. Francis of Assisi. It's a preach the gospel if necessary use words Anybody ever heard that it's pretty famous quote. Well friends brothers sisters You can't preach the gospel without words It's impossible. The gospel is a spoken message about Who Jesus is and what he's done? lastly Another thing that is not evangelism is the results that you see from your evangelistic Efforts are not evangelism themselves one pastor said it this way quote. We don't fail in our evangelism If we faithfully tell the gospel to someone who is not converted we fail only if we don't faithfully tell the gospel at all Evangelism itself isn't converting people. It's telling them that they need to be converted and How they can be all right, so we spent a little time there on what what evangelism is Not now. Let's get to our subject. What is evangelism? All right Proverbs 11 30 says the fruit of the righteous is a tree of life and whoever captures souls is wise So I'm going to give you several Definitions of evangelism the word you are going to lead So is used 52 times in the New Testament and the literal meaning is to bring good news or to announce glad tidings specifically the glad tidings of the coming of the kingdom of God in salvation to be obtained in it through Jesus Christ and the things that relate to this salvation I Wouldn't recommend Google as an information source necessarily, but I decided I would Google Evangelism and I actually like their definition. It is the spreading of the Christian gospel by public preaching or personal witness. I Thought that's pretty good for for Google I wouldn't advocate that like getting much information from them the Baptist faith and message of 2000 I Actually really love their their definition of evangelism. It says this listen as carefully. It's really good It is the duty and privilege of every follower of Christ and of every church of the Lord Jesus Christ to endeavor to make disciples of all nation The new birth of a man's spirit by God's Holy Spirit means the birth of love for others We're going to get to that more later Missionary effort on the part of all rests thus upon the spiritual necessity of the Regenerate life and is expressly and repeatedly commanded in the teachings of Jesus The Lord Jesus Christ has commanded the preaching of the gospel to all nations It is the duty of every child of God to seek constantly to win the loss to Christ by verbal witness Undergirded by a Christian lifestyle and by other methods in harmony with the gospel of Christ. What do you guys think? I thought it was pretty good Pretty good. I really liked it Another definition I found is you can tell the gospel to someone by sharing these several simple truths one Let's always remember this the gospel begins with God and so evangelism should begin with God So the first thing we need to tell people is that God is holy. He's the holy creator of all the universe Especially when we're dealing with a culture now Which is a culture of non -offense a culture that's got like a God who's like a genie in the bottle You know, he's just there when I need something or he's there when I got a problem I rub the little genie bottle and Oh God help me now, but that's not who the God of Scripture is. He's a holy God He created all things he created you and me. The next thing we need to tell them is that they're sinners Who deserve God's righteous eternal wrath and there's nothing wrong with saying I was born in the same boat. You were in We were all born the Bible says in Ephesians 2 by nature children of wrath like the rest of mankind The next thing we need to tell them is after they've heard that God is holy and we're sinful They need to hear about one who wasn't sinful. It's Jesus who's fully God and fully man He lived a sinless life and he died on the cross to bear God's wrath in place of all who would believe in him and he rose from the grave in order to give his people eternal life and Lastly is that the only way to be saved from? Eternal punishment in hell is to be wrecked and be reconciled to God is to repent of your sin and Trust in the work of Jesus for your salvation So evangelism is just basically telling others this basic message All right, so that's what is evangelism probably sounds pretty simple I mean there's I've literally got probably 20 scripture references here that support the Bible Showing an evangelism as a spoken message that you can't preach the gospel without words So I'll list them off for you. If you're taking notes, you can write them down Romans chapter 10 verses 10 through 17 mark 16 15 Colossians 128 Colossians 4 2 through 4 a whole slew of them from Acts acts 2 14 3 11 through 26 chapter 4 verses 5 through 12 chapter 8 verses 4 through 8 chapter 10 verses 34 through 43 chapter 13 verses 16 through 52 on and on and on Ephesians 6 19 and 20 1st Corinthians 1 17 Ezekiel 3 17 through 20 The gospel is a spoken message therefore to to evangelize we must Open our mouths and speak Faith comes by hearing and hearing by the Word of Christ. And how will they hear without someone preaching to them or Proclaiming to them. All right, so That is what evangelism is and I and I want to say to I'm intending for There to be interaction So if you've got a question comment Anything like that, please don't don't be afraid or shy to raise it now next Why do we evangelize So I'm putting that question out there for y 'all And what and when I teach I'll just say this I tell my Sunday school class All the time when I ask a question and everybody just sits there looking at me. I say I'll wait So, why do we evangelize brethren John, Good so people will be saved Jason says because we're commanded to you. Yeah, there's not only one right answer to this question Thank You Hannah to glorify God Yeah for our sanctification Yeah, good all good answers anyone else have it have something they'd like to share Amen amen Praise the Lord you don't hear that in a lot of churches today be a doer of the word not a hearer only Deceiving James yourselves says right like if you're not a doer you're just to hear you're deceived Yeah, praise the Lord, I think those are all all great answers yeah, I would I would say first and foremost Right first Corinthians 10 31 whether you eat or drink or all that you do do for the glory of God So whether it's evangelism or anything else we do I would say the first and primary goal is to glorify God and we know that God is glorified through the proclamation of his Son Yeah, we're commanded to Amen, I mean we look at you know, Matthew and He says all authority in heaven on earth has been given to me therefore go and make disciples of all nations baptizing them in the name of the Father Son and Holy Spirit and A lot of times that gets chopped off there, but he actually says in teaching them to obey All the things I've commanded you right, so It's not just to not just to evangelize and leave them there but to make disciples and teach and train those Disciples in Luke he says it in Luke 24 He says that repentance for the forgiveness of sin shall be proclaimed in my name to all nations Acts chapter 1 verse 8 Jesus before he ascends After his resurrection.
CoinDesk Podcast Network
A highlight from UNCHAINED: Friend.tech | The Legal and Tax Ins and Outs of This Years Hottest Crypto App
"Hi everyone. Welcome to Unchained, your no -hype resource for all things crypto. I'm your host Laura Shin, author of The Cryptopians. I started covering crypto eight years ago and as a senior editor at Forbes, was the first mainstream media reporter to cover cryptocurrency full time. This is the September 5th, 2023 episode of Unchained. Toku makes implementing global token compensation and incentive awards simple. With Toku, you get unmatched legal and tax tech support to grant and administer your global team's tokens. Make it simple today with Toku. Arbitrum's leading layer 2 scaling solutions can provide you with lightning -fast transactions at a fraction of the cost, all while ensuring security rooted on Ethereum. Arbitrum's newest addition, Orbit, enables you to build your own tailor -made layer 3. Visit arbitrum .io today. Buy, trade, and spend crypto on the crypto .com app. New users can enjoy zero credit card fees on crypto purchases in the first seven days. Download the crypto .com app and get $25 with the code Laura. Link in the description. Today's topic is legal and tax issues around friend tech. Here to discuss are J .W. Verrett, Associate Professor of Law at George Mason Law School, and Jason Schwartz, Tax Partner and Co -Head of the Digital Assets and Blockchain Practice at Freed Frank. Welcome J .W. and Jason. Good to be here. Good to be here, Laura. Let's start by having each of you give your backgrounds so the audience understands how your experience relates to the topic at hand. J .W., let's start with you. Okay. I teach corporate securities and banking law at George Mason Law School, and I also teach accounting, forensic accounting there. I practice as a securities lawyer. I defend clients from the SEC and I do internal investigations of accounting matters and also practice as a forensic accountant where I support litigation matters and in working on U .S. versus Sterling off right now, which is taking a lot of time. Great to be here. Jason. And I'm Jason Schwartz, as you mentioned, Tax Partner and Co -Head of Digital Assets at Freed Frank. I have been a financial products and funds lawyer for many, many years, a crypto lawyer for several years now. I represent clients ranging from centralized exchanges to banks to large asset managers to DAOs in the crypto space. I'm also an enthusiast myself, and I have an embarrassingly large collection of digital art.
The Breakdown
A highlight from Markets Shrug Off Predictable Powell at Jackson Hole
"Welcome back to The Breakdown with me, N .L .W. It's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. What's going on, guys? It is Friday, August 25th, and today we are doing a macro roundup. Before we get into that, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Well, friends, today, the big thing, of course, is Jackson Hole and Powell's speech therein. And so I thought it would be good to put that in a wrapper of the stories that have been going on around and outside of the industry, things that have been impacting traditional markets to put that news of what Powell said in its proper context. And for that, I want to start with a story that those of you who have been listening to the AI Breakdown will be quite familiar with. That is, of course, Nvidia. Nvidia absolutely blew earnings out of the water after the market closed on Wednesday. Their Q2 net income came in at a staggering 6 .7 billion, which was a 422 % increase from the same quarter last year. Sales growth shot up by 171 % on an annualized basis to reach 13 .51 billion. Profit came in at 270 per share. Now, compared to analysts' estimates, those figures represented a 30 % beat on profits per share and a 22 % beat on sales. That is massive, especially considering how much hype and anticipation Nvidia had going into this. Now, overnight on Wednesday, shares rocketed up over 6 % and hit a high point of $517 per share. That pushed the stock up more than 220 % on the year. The company also announced the approval of a ridiculously large $25 billion in buybacks, representing a little over 2 % of the total market cap at current prices. Now, this is the second quarter in a row with blowout earnings for Nvidia. Q1 sales came in at 10 .3 billion, outperforming analysts' estimates by almost 30 % again. During their Q1 report, Nvidia had guided 11 billion in revenue for Q2, which was an estimate that exceeded analysts' forecasts by over 50%. And it turns out even that was far too conservative. Now, of course, Nvidia's success has been coupled to the rise of AI. The firm's H100 GPU is the top of the line in AI computing, and it's not particularly close. Individual units range in price between $25 ,000 and $30 ,000 with a volume discount, but that isn't even really the highest end product being demanded by the world's largest tech firms. That distinction goes to the HGX box, which is essentially eight H100s assembled into a single unit of raw AI computing power. Nvidia's CEO Jensen Huang said of the product line, We call it H100 as if it's a chip that comes off of a fab, but H100s go out really as HGX to the HGX unit's require a supply chain of 35 ,000 parts to put together and are sold at the lofty price tag of $299 ,999 per unit. And even at that price, Nvidia are struggling to keep up. Huang said, We're not shipping close to demand. Now, in a lot of ways, there really has not been anything like this phenomenon in recent memory. Nvidia has built their firm around the transition away from GPUs as just being used for graphics processing and video games to focus on more generalized use cases for that style of chip architecture. That transition started many years ago. For example, in 2012, researchers used Nvidia chips to achieve previously unheard of image recognition. Since then, the firm began working alongside AI researchers to optimize their chips for the tasks demanded by high -end AI models. They took on an explicit AI focus starting around 2017. That process of iteration has led to Nvidia being the singular leader in AI chips with a wide gap between them and their nearest competitor. During a recent interview, Huang said, This type of computing doesn't allow for you to just build a chip and customers use it. You've got to build the whole data center. And indeed, the customers seem perfectly willing to spend the high -end dollars for premium performance. One high -profile startup, for example Inflection AI, recently raised $1 .3 billion in funding to finance the purchase of 22 ,000 H100 chips. Mustafa Suleiman, the CEO at Inflection and previous co -founder at Google DeepMind, said that none of Nvidia's competitors could offer a comparable solution. Huang broke down the math of his company's product offering like this. He said, If you can reduce the time of training to half on a $5 billion data center, the savings is more than the cost of all the chips. We are the lowest cost solution in the world. This year, Meta has committed to spending $30 billion on data centers, with much of that capital likely to be spent with Nvidia as just one example. Now, Huang was not at all bashful on this week's earnings call, stating that a new computing era has begun. Many others agreed with him. Dan Ives from Wedbush called it a 1995 internet moment and said it was the guidance heard around the world. Indeed, so far this year, the market has been responding as if a paradigm -shifting technology change is underway. Nvidia is by far the best performer in the S &P 500, and alongside Nvidia, six other big tech firms have been benefiting from the AI enthusiasm as well. This includes Meta, Amazon, Apple, Alphabet, which is Google, Microsoft, and Tesla. Together, this group, which has now become known as the Magnificent Seven, have outperformed the S &P 500 over the past year. Historically speaking, this narrow range of market breadth is typically only seen in the wake of a massive market downturn, and even then only briefly. The only really comparable era of the last decade when market breadth had maintained such a lopsided slate for so long was in the second half of 2020. During that period, both Etsy and Tesla were added to returns respectively. The rest of the top performers that year were rounded out by L Brands, PayPal, and of course, Nvidia. As another comparison point, so far this year, the median S &P 500 company is up only 2 .34 % compared to the 16 % returns for the overall index. What's more, 228 companies in the index have seen their share price decline year to date. Now, the high -flying Nasdaq 100 index is a little bit more evenly spread. The index saw the best first half returns in its 52 -year history this year, notching up a 30 % gain. 32 firms are outperforming the index this year so far, while the bottom quarter declined in price. Now, these periods of narrow returns don't typically precede a major market correction. However, this situation is somewhat unique. It's rare that multiple companies across a leading sector are so reliant on a single company to supply a critical component. But that's a situation we find ourselves in right now. Now, part of why this matters, of course, is that, as you just heard numbers around, AI has effectively been keeping markets afloat this year. One of the most dramatic moments of this was during the battle around the US debt ceiling. This is a time that the market should have been, by all accounts, incredibly nervous, significantly wobbly. I mean, hell, we had our debt downgraded when all was said and done. But it couldn't beat out Nvidia and AI enthusiasm. Now, that wasn't exactly the case yesterday. A lot of the reporting on Thursday was about how concerns over what Jerome Powell would say at Jackson Hole on Friday were tamping down any particular bump from that Nvidia earnings beat. You'll remember that the annual Jackson Hole Symposium is a big central bankers event that focuses on the long term of monetary policy. It's a chance for the Fed to signal where things are going more than just in the next couple months. At least that's what it's historically been. Last year, it was notable because at the last minute, Powell decided to rip up his speech and give a terse eight minute diatribe that basically said that markets were getting way out ahead of themselves, effectively ending a late summer rally. Powell said at the time in no uncertain terms that the inflation fight was not over and stated explicitly that, quote, there will be pain. Now, coming into this, Adam Posen, president of the Peterson Institute for International Economics, said there's no way Powell's speech can be that tight and clear this time because the economic outlook is genuinely more uncertain. Central bank decision making in some sense is easier when you have policy wrong and you have a long way to go to where you should be. It's more difficult when you have to sort through being close to the right policy, but not sure you're there and that's where the Fed is now. And so a year later, the inflation fight is still underway and it was anticipated that Powell would use his appearance to reinforce the Fed's commitment to finishing the job. Up until now, the policy choices have frankly been somewhat obvious. Continue raising interest rates until inflation cools or something breaks. And even when something breaks, try to fix it without changing interest rate policy and see if that works. However, with inflation now moderating to its lowest level in almost two years, there is a lot more potential for disagreement among FOMC members. Powell was expected to give his views on whether rates should continue to go higher into the end of the year, as well as to sketch out how the Fed would determine when the time would come for rate cuts. Forecasts from Fed members have generally called for rates to be held higher for longer, but with pressure on the banking sector, it's unclear whether policymakers would be on board with sticking to that strategy. Now, as well as the rumors of dissent among FOMC members, the economic establishment is beginning to question whether the inflation fight is even worth taking all the way to its conclusion. Responding to a Wall Street Journal article published on Monday, Paul Krugman tweeted, I agree with Jason Furman's call for a 3 % inflation target. The rationale for 2 % has been overtaken by a couple decades of experience. So if you think 3 % is the right target, shouldn't we be declaring victory? Or to put it a different way, if 2 % was a mistake, how many people should lose their jobs for a mistake? Now, Yuga Kohler, senior staff engineer at Coinbase, captured much of the sentiment in the crypto space when they wrote, the difference between a 2 % and a 3 % inflation rate over the course of 75 years is literally 100%. Raising the target is a sleight of hand to inflate away national debt. Stephen Geiger, an economics commentator and Paul Volcker fan, said, or, and stick with me here, we keep it at 2 % and the Fed and federal government can just do their job. So what did we actually get? Well, in this case, it was much what we expected. Bloomberg's headline reads, Powell signals Fed will raise rates if needed, keep them high. The Wall Street Journal writes, Powell, Fed will proceed carefully on any rate rises. And as per Bloomberg, the key takeaways were that 1. Powell acknowledged that the economic backdrop is better than it was a year ago, but he said that the Fed stands ready and willing to raise interest rates further if they need to. 2. He continued to focus that everything going forward will be data driven, but he did not put the possibility of cuts on the agenda, saying based on this assessment, we will proceed carefully as we decide whether to tighten further or instead to hold the policy rate constant and await further data. Third, Bloomberg says the comments are consistent with expectations that the Fed will leave interest rates unchanged at the next meeting with the possibility of another rate hike later in the year. Fourth, Powell acknowledged that interest rates are now high enough to be restrictive, meaning that they are weighing down on growth and inflation. And finally, Powell said 2 % is and will remain our inflation target, throwing some damp water on that part of the conversation. Nick Timiros from the Wall Street Journal, widely viewed as the Fed whisperer, called it a risk management speech. He quoted Powell as saying, given how far we have come at upcoming meetings, we are in a position to proceed carefully. The Kobayisi letter pointed out some data from bond traders around what their predictions are. They write, odds of a 25 basis point rate hike in September more than doubled, 21 .5 % after Powell's speech. Odds of an additional rate hike this year just hit a two -month high of 52 .1%. Rate cuts are now not expected to begin until June 2024. Doug Bonaparte hit it out of the park again with another great headline. Breaking! Stocks fall as Fed Chair Powell signals he's willing to destroy the economy. But in point of fact, stocks are actually leveling out and even going up slightly, based I think on expectations being met. So all in all, a much less dramatic speech than last year, and frankly just a real continuation of what we've gotten from Powell for the last two years. Blockworks Jack Farley wrote, Powell chooses to close his speech with Paul Volcker's phrase, we'll keep at it for the second year in a row. And that is pretty much the story. Now the last interesting thing that I wanted to point out for this week just by way of closing is that the three -day BRICS summit came to a close on Thursday in South Africa with news that six new members would join the loose economic bloc. Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates have committed to join in January. This adds to Brazil, Russia, India, China, and South Africa — there's BRICS — bringing the ranks of membership up to 11. President Xi Jinping called the expansion historic and said it would be a new starting point for BRICS cooperation. Still, while the addition of new nations to the Economic Cooperation Group does add strength, the announcement falls far short of the hype that we had seen coming into it. There had been rampant speculation this year that the group would unveil a common trade currency backed by gold, which frankly rumors of a BRICS currency have been persistent for over a decade but have so far never materialized. So all in all, the world continues to be interesting but doesn't look all that different than it did heading into the week. AI is up, inflation is down, interest rates are flat, but maybe up. And so, as so often has been the case for the last few months, the best thing to do is go touch grass. Until next time, be safe and take care of each other.
Cryptocurrency for Beginners: with Crypto Casey
A highlight from Bitcoin Book Softwar BANNED! National Strategic Significance of BTC (Most Efficient Weapon? )
"Major Jason P. Lowry of the United States Space Force wrote this extremely dense book called Softwar, a novel theory on power projection and the national strategic significance of Bitcoin. And in an interview with Robert B. Love a couple months ago, Lowry said he wrote the book as a step -by -step guide for politicians, regulators, or anyone on how to win the argument that Bitcoin is a national security issue that needs to be addressed by the United States yesterday. He argues that this new technology is the next newt, and the fastest way to bypass all of the regulatory bureaucratic BS that is causing the U .S. to fall behind as the global and technological superpower in the world is to take the issue out of the hands of the likes of Treasury Secretary Janet Yellen, Federal Reserve Chair Jerome Powell, SEC Chair Gary Gensler, who do not understand warfare by using this book to prove Bitcoin is a national security issue and catapulting it to the hands of the Department of Defense. Is Major Lowry onto something? Are other global powers already privy to this concept? Is that why Russia and China have recently pivoted and have become top Bitcoin hashers? Well, it's possible, because this book was printed and available to anyone around the world in February of 2023, and as of a few weeks ago, the Pentagon told Lowry to remove it from publication. Here's a tweet from Lowry on July 27th about the situation. For those asking what's going on with me, I was ordered to take Safwar down and asked to stop talking about the subject publicly. Doesn't appear on MIT's library either. Can't talk details, but things are good and I'm working hard behind the scenes. Appreciate the kind words. As some of you may know, I ordered the book when it first came out, and I've got a printed copy. So in this video, we are going to break down Lowry's thesis together about the national strategic significance of Bitcoin. So there are a few concepts we need to explore together to help us fully grasp the gravity of the theory. So let's start with physical security of scarce resources. Here on Earth, everything is in constant competition for scarce resources like food, territory, energy, shelter, a means to reproduce like a mate and similar, and every single thing alive in the world today succeeded at living and reproducing by using physical force or imposing a physical cost on predators, competitors, and any other living organism that was competing against them for food, territory, the ability to reproduce, etc. And to describe what imposing physical cost means, Lowry uses an equation where he explores the ROI or return on investment of attacking something and considers the ratio of the potential benefits or rewards from attacking something compared to the potential costs or downsides of attacking something. For example, what are the potential benefits versus costs of trying to harvest the scarce resource of honey from a beehive? Well, over time, bees have optimized themselves to reduce their vulnerability to attacks and to secure their food resources by imposing physical force on attackers by swarming and stinging them. And we can also imagine how this plays out across all of nature when considering most animals at the top of the food chain have pointy teeth, sharp talons, big claws, lots of muscles, strong bones, etc. All attributes that increase their ability to increase the costs or downsides of something that may try to attack it and increase their ability to secure scarce resources like food, territory, etc. Nice. Now with humans, the same concepts apply but play out in multiple domains in civilization due to our complexity, intelligence, psychology, physiology, and a myriad of factors. In those domains where we impose physical force against each other, on a global scale are land, water, air, outer space, and now, as Lowry points out, in his thesis, a new domain has emerged called cyberspace. So in each of these domains, to decrease our chances of being attacked, there must be a consequence. Otherwise, we wouldn't be able to maintain control and security over and access to valuable resources essential for survival like land, food, energy, natural resources, ports, etc. And as unfortunate as it may seem, warfare is the last resort to secure our resources if laws, policies, treaties, or agreements break down between different countries, civilizations, or similar. And we see it every day in nature. Lions don't negotiate terms with the gazelles when they are hungry, they just eat them. Snakes don't refer to contracts or similar between their prey, they just eat them. If a pack of wolves controls some territory and then another pack of wolves shows up, they don't have a civil conversation about where boundaries are or about sharing resources. They bark, growl, snarl, and ultimately, if it comes down to it, engage in warfare through physical force to try to secure their territory. So humans experience these same situations if we spend time developing irrigation and farmland, the only way we can secure it is by imposing a cost of attacking it with physical force. Throughout time, that has looked like spears, swords, arrows, and eventually guns and so forth. So the function of warfare is physical security over scarce resources to establish pecking order, settle disputes, and similar. Resources in life are scarce, so life has to fight for the limited resources to survive. However, over time, the form of warfare has changed. In modern society, we outsource warfare or physical security of force to the military, police forces, and similar. So while most of us do not participate in applying physical force to secure resources, war still wages on every day around the world. In the domain of land, we have armies that impose physical force on any attackers, or the armies impose physical force to try to secure land we may not currently control, depending on the cost and benefit ratio of attacking a particular area. In the domain of water, we have the navy that imposes a high cost of physical force on attackers like pirates to ensure our ports are secure and we can successfully trade across the ocean with other countries. In the domain of air, we have the air force that ensures we have access to this domain and that it is secure from potential attackers by guaranteeing a very high cost of attacking it with jets, missiles, drones, etc. In the more recent domain of space, we now have a space force that ensures we have access to space and can secure our resources by the threat of imposing physical force on anyone who tries to deny our access or threatens our resources. So at the end of the day, handshakes, policies, agreements, etc. are not enough to ensure we have freedom of access to our land, water, air, and space because, as we've discussed, there needs to be physical cost and a threat of physical force to protect ourselves from attackers. This is how civilization works and even though warfare sucks, a key benefit to warfare is it ensures decentralization of control over resources where no one centralized person, entity, country, or government has control over all of the land on earth, all of the rivers, seas, and oceans on earth, over all of the air space and outer space, and when or if a Hitler or similar tries to gain more power over any domain like land, it becomes extremely expensive and energy and resource intensive for them. Warfare is also a way to escape oppression and that if something starts to oppress you, warfare is how you prevent and escape from it. Cool. Now what happens when civilizations expand its footprint into the new emerging 5th domain of cyberspace? And what role does bitcoin play as potentially the most efficient weapon ever built that doesn't kill or physically harm anything? Hello, I'm Crypto Casey and in this video we are going to explore major Jason P. Lowry's theory on the strategic significance of bitcoin. Let's hit it.
Mike Gallagher Podcast
A highlight from Week in Review - Episode 20
"Welcome to The Mike Gallagher Show week in review podcast. I'm Eric Hanson. A lot of things happening this week, including the first GOP debate and the fourth arrest and indictment for Donald Trump. Let's begin with some post debate analysis. Mike thought that Ron DeSantis really needed to have a breakout night and didn't on the debate stage on Wednesday night. And without that, he may never catch Donald Trump. Nothing really came from the debate. Nobody reached out of the TV and grabbed you and said, I'm the person. There all annoyed with Vivek, which means Vivek probably had a great night. The two biggest establishment politicians on that stage, Mike Pence and Chris Christie, seemed to despise Vivek Ramaswamy, which was weird. I have to tell you, angry, petulant, aggressive Mike Pence is a weird look. I think of Mike Pence as this sort of avuncular, kind, gentlemanly, polite, God -fearing man. No, no, no. He kept talking over, going too long. Here's Brett Baer chastising him at one point. Please, please, Mr. Vice President, we got to follow the rules here. And Mike Pence, but he was rattled by Vivek Ramaswamy. They all seem to be. And isn't that interesting? Why? Why were they so rattled by Vivek? Well, let's look at him for a moment. He's not a politician. He's an outsider. He's a gazillionaire. Sounds like anybody you know. Here's Donald Trump's explanation about why he didn't go last night. And I got up today, I go through all of the early, early morning. I'm up at 5 36 in the morning. I go through all the news sites. One of the sites I always review is Axios. I like Mike Allen's work. I mean, their left of center, their mainstream headline at Axios, the big winner of the debate last night was Donald Trump. Trump wasn't even there. And according to Axios, Donald Trump won the debate last night by a landslide. Here he was last night explaining to Tucker on X why he didn't go to the debate. I'm leading by 50 and 60 points. And you know, some of them are at one and zero and two. And I'm saying, do I sit there for an hour or two hours, whatever it's going to be and get harassed by people that shouldn't even be running for president? Should I be doing that? But I just felt it would be more appropriate not to do the debate. I don't think it's right to do it. If you're leading by 50, 60, I have one problem leading by 70 points. And I'm saying, why am I doing it? And I'm going to have eight people, 10 people, whoever made the debate. I don't know how many it is, but I'm going to have all these people screaming at me, shouting questions at me, all of which I love answering. I love doing, but it doesn't make sense to do them. So I've taken a pass. I told you that Ron DeSantis had to have a huge night. He had to have an epic night. He had to have a game changing night. If he didn't, the campaign is over. Well, he didn't have a night that he needed to have if he wanted any chance at all of catching Donald Trump. I mean, he's down 30, 40, 50 points in the polls. And I wonder if you agree with Jason Miller on NBC, who opined that the DeSantis campaign is now pretty much over. And he held his own last night and he could tout a great record in Florida. He had to have that meteoric night. That's the only chance he had to begin catching up and making up all this lost ground. He didn't have it, but I want to play Jason Miller for you and what he said to Chuck Todd on NBC. And then I want to turn it over to you to see if you agree with this. Listen. President Trump looked like a genius by skipping the pig pile tonight and instead doing the interview with Tucker Carlson, which by the way, Chuck just hit 87 million views. So what, probably 10, a little more than tenfold than watch the rest of the folks have their cat fight tonight. But here's the other thing. I think it's a really important point. I heard someone earlier on the panel say they thought that sanctimonious did okay. That's not right. We saw the death of Ron DeSantis' campaign tonight as Vivek Ramaswamy leapfrog him into second place. DeSantis didn't do good enough for him to tread water. He had to have a breakout moment and Ramaswamy completely outshone him. I knew President Trump wasn't going to be there tonight. I didn't know Ron DeSantis was going to skip the debate as well. Now, Ron DeSantis didn't skip the debate at all, but let's be honest, Ron DeSantis with the awkward pauses and the frozen smile, he's not the warm, colorful personality and effective communicator that we've become used to.
Dennis Prager Podcasts
A highlight from Trump v. the Others
"We get it. You're busy. You don't have time to waste on the mainstream media. That's why Salem News Channel is here. We have hosts worth watching, actually discussing the topics that matter. Andrew Wilkow, the next D 'Souza, Brandon Tatum, and more. Open debate and free speech you won't find anywhere else. We're not like the other guys. We're Salem News Channel. Watch any time on any screen for free 24 -7 at snc .tv and on local now channel 525. at preggertopia .com I'm not going to say that George Strait automatically means that I'm here, but it's a good signal. Mark Davis in for Dennis. A certain Texas twang coming from George, if not from me, but a certain Texas flavor when I am here and it is always a joy to be here. Mark Davis from 660 AM, the answer where I am the happy morning host. And boy, was I happy to be here this morning. Happy being a relative term. It was demanding for everybody because I'm here in central time talking to the West Coast crew out there in Pragerland where everybody was working really late between radio and the Salem News Channel. Just fantastic coverage last night, post debate, all kinds of opinions flying thick and fast. So I'm just really enormously pleased to be here in one of my frequent fill -ins. It's always a joy to be here for Dennis. And you can follow me on Twitter or X or Guacamole or whatever they're calling that thing these days, at Mark Davis, M -A -R -K Davis. And the best way to get ahold of us, of course, is the phone lines that are used in the show every day. 1 -8 -Praeger -776, 1 -8 -Praeger -776. Again, I'm Mark Davis here in the big bustling DFW. And wherever you are, I have some things I need to know from you. You ready? And what I'm gonna do is put some of it in question form. Most of my obvious offering is to get your thoughts and ask the blanket question. What did you think of the two big things that you could see last night? One of them was the debate on a stage in Milwaukee. And the other one was seen by perhaps 10 times more people. I mean, are we at 200 million? At some point, everyone in America, if not around the world, will have seen Trump on Tucker. And we'll talk a little bit about whether it was smart for Trump to do Tucker instead of the debate. It certainly wasn't dumb, it certainly didn't hurt him. Because after all, as we've learned by now, nothing hurts him, at least not yet. And by the way, every candidate on the stage last night, every candidate on the stage last night, dreams of having a bump, having a boost like Trump will get today from another arraignment. This time under the aggressive thumb of Fannie Willis in Fulton County in Atlanta, Georgia. He will turn himself in at some point and you will then almost be able to palpably sense the fundraising boost, the poll boost. Here is the truth of the Trump poll numbers. There's something we know, but there's something numerical we don't know. Again, one eight Prager 776, one eight Prager 776. Talk about Trump's decision not to be on that debate stage. And then we'll talk about everybody that was on that debate stage. Cuz it was a fascinating night for Vivek, a so -so night for DeSantis. A really good night for Tim Scott, a surprisingly, momentarily at least interesting night for Mike Pence. Nikki Haley did great, but did she get enough Mike time? Chris Christie, that New Jersey bully boy thing, that just gets really old, really fast. And Doug Burgum and Asa Hutchinson were there as well, which is about the old, I got nothing bad to say about these guys. I've got nothing bad to say about these guys. Hutchinson was an okay governor of Arkansas, really needs to be awakened on some of the gender clarity necessities. Doug Burgum seems like a wonderful guy, and what a tough nut, keyword nut. Who plays basketball the night before a debate? Who does something that has even a remote injury risk? My colleague Mike Gallagher and I were talking, and he said, if I'm on the debate stage the following day, I'm putting myself in lockdown. I'm gonna be in bed, in some type of pneumatic bubble. Nothing will get to me, but so that I don't rip open my Achilles tendon. Which he did, so he had to crutch himself onto the stage. And I don't wanna be cynical enough to say that this strikes me as debate theater and that it was faked. I don't believe that, I don't wanna be that guy, I don't wanna be that cynical, but I will be this judgmental. How dumb is it to do something the night before a debate that can hurt you? So of course, I know driving on the highway can hurt you and da, da, da, da. So I have all kinds of hot takes on how I think everybody did. I'm gonna frame it in terms of what I expected versus how they did. And then we'll talk about what I expected from Trump on Tucker. I expected it to be stratospherically good, and it was. So we have specific Trump on Tucker observations, and we have specific debate participation observations. And it all takes place against this glorious, fascinating backdrop of late August, 2024. Here we are, we are still September, October, November. So we're still four and a half months before anybody votes for anything. Change is still possible, but how plausible is it? How many times have you heard people say, yeah, in this particular year, by this point, Newt Gingrich was in the lead? Yeah, in this particular year, Rudy Giuliani was in the lead. Well, guess what was not going on when Newt, obviously, neither gentleman ever became president or ever will, it seems, for multiple reasons. There was no Trump, nobody had a 50 point lead. It was just wide open, it was five or six or eight or 10 or 14 or 17 people all running now. Trump is the alpha dog, the king of the hill. There is nothing that has dented his support yet. I will tell you the one thing, I wouldn't even say might, I'd say the only thing that can, the only thing that can, and I'll do that here in a second. In fact, probably got to get to that first. 18 Prager 776, 18 Prager 776. And again, my name, Mark Davis, follow me on Twitter, X, whatever you want to call it. I can't say X, it's Twitter to me, I don't know, I'm an old fart, what can I say? At Mark Davis, and I'll take a look at those during the break. But the best way to get ahold of us, of course, with your thoughts, 776. 18 Prager Okay, I do have a fresh column in the Fort Worth Star Telegram, I'm proud to write for the Star Telegram and the McClatchy newspaper chain and Newsweek and Town Hall, but the thing I did an immediate, I pretty well do mean immediate, turnaround reaction column for was the Star Telegram. So if you go to star -telegram .com and look at opinions, find me, Mark Davis, there is my column that talks about how Vivek and Pence and Tim Scott helped themselves. I mean, the only people who did, but they did. But the enduring question, the enduring question is, can anybody catch Trump? Is that even possible? So if we start with the premise that they say anything is possible, not anything, okay? Asa Hutchinson, Doug Burgum, or Will Hurd winning the nomination is as close to not possible as the English language permits, okay? But let's just say that in these turbulent times, where almost everything seems volatile, it was volatility that kind of lofted Trump in 2016. There were a lot of frustrations, there he was, he seemed anti -establishment, he caught the wind of that in the sales of so many Americans. The timing was just, it was perfect for Trump. Now, eight years, next month, wow, he and Melania came down the golden escalator at Trump Tower. In a way, it seems like yesterday, in a way, it seems like 100 years ago. But anyway, everybody knows him now. And the love for him and hatred of him are both baked in so solid, so two things are true at the same time. With Trump as the nominee, you're going to get two things, guaranteed two things. The love for him and the devotion to him and the desire to flip a huge middle finger to the establishment that now pursues and persecutes him, that will be on fire with energy. The other thing that's gonna be on fire with energy, every Democrat, Biden could be actually dead and on the ticket, and Democrats will crawl on broken glass and walk through fire to deliver another loss to Trump. So that will be in furious force. So which of those forces, which of those phenomena is greater? I don't know, and neither do you. Are there risks to making Trump your nominee? There sure are. But are there risks that a whole lot of people seem totally willing to take? Yes, indeedy. So what is the one thing that might erode Trump support? And I'm not saying it will, but it's the only thing that can. I'll tell you next, and take your calls next, 1 -8 Prager 776. Mark Davison for Dennis. The Dennis Prager Show. Gold dealers are a dime a dozen. They're everywhere. What sets these companies apart, and whom can you really trust? This is Dennis Prager for AmFed Coin and Bullion, my choice for buying precious metals. When you buy precious metals, it's imperative that you buy from a trustworthy and transparent dealer that protects your best interests. So many companies use gimmicks to take advantage of inexperienced gold and silver buyers. Be cautious of brokers offering free gold and silver, or brokers that want to sell you overpriced collectible coins, claiming they appreciate more than gold and silver. What about hidden commissions and huge markups? Nick Grovitch and his team at AmFed always have your back. I trust this man, that's why I mentioned him by name. Nick's been in this industry over 42 years, and he's proud of providing transparency and fair pricing to build trusted relationships. If you're interested in buying or selling, call Nick Grovitch and his team at AmFed Coin and Bullion, 800 -221 -7694, americanfederal .com, americanfederal .com. So, whether you are watching, or listening, or both, we appreciate it. Mark Davison for Dennis here on Debate Night. I was gonna say morning after, depending on your time zone, the day after, what do we think? I'm gonna take some calls here and sort of intermingle my specific thoughts about how each candidate did. And of course, you know what the short part is, how Trump did with Tucker? Simply superb. It was just vintage Trump for 47 minutes and it was awesome. It was just a reminder of how great he is and why everybody wants him back, or nearly everybody wants him back. I will tell you, not to be a curmudgeon about this, but I still think he should have been on the debate stage. I totally understand his logic. Why should I? They're 50 points behind me. I don't need to show up for this. I totally get it. He's right about that. It did not hurt him to not be there, but it was a missed opportunity. There are millions of people for whom the last 10 times they heard Trump talk, it was all about Jack Smith, and Fannie Willis, and Alvin Bragg, and this persecution, and that lawsuit, and this vendetta, and that witch hunt, all of which is true. But it can be fatiguing to some folks who are not a junkie for this. And this would have been an opportunity for Trump with a bunch of rivals, and a bunch of pretenders to be sure, and a bunch of people at 0 .5%, and I know, I know, I know, I know, I know. But it would have been him talking about borders. It would have been him talking about crime. It would have been him talking about climate, which by the way, he did with Tucker, but he could have done that too. Not to get greedy, but why not do the debate and then sit down with Tucker tonight? Wouldn't that have worked? So yeah, but it was a statement. I understand it was a statement. It was a positioning statement that says, I don't even need to be on that stage as they all run for who's going to be the last person left when there are two candidates left standing. That is, by the way, what last night's debate was about. It's what the entire campaign is about for everybody not named Trump. At some point in the spring, there'll be two candidates left. One of them will be named Donald Trump, and the other one will not. And everybody wants to be that other person. And forever it looked obvious that it was going to be DeSantis. It doesn't look that way so much right now. Now it could really be the vague. Will that sustain? Is this kind of a flash in the summer pan? I don't know. Your thoughts are welcome. 18 Prager 776. As I get ready to go to the phones, here's the thing. Everybody, I get asked this all the time. Is there anything that could change the calculus? Anything where Trump just doesn't have that 50 point lead anymore? Because while we're talking math, here's what's undeniably true. Trump can win the nomination, can breeze to the nomination without poaching one single supporter from anybody on that stage last night. Obviously, he could do it tomorrow. DeSantis, just to pick somebody or the vague, let's go with DeSantis for the moment. He needs to poach half of the Trump poll numbers. He's got to go get half of those people. Half of the people saying we want Trump, half of the 50 some percent, if not more, who say we want Trump, who say that now in August, have to stop saying that by the time people are really voting in Iowa, New Hampshire, and South Carolina, and Nevada, etc, etc. So what is the one way that happens? And this is a half court shot, maybe a full court shot. And that is that some of the poll emotions right now, some of it, most of it is we want this guy to be president. We loved him then, we love him now, we want this guy to be president. You know, the usual earth logic that people use in expressing support for a candidate. But some of it, and it'll have to be a lot of it. And I don't know that it is. But certain x percentage of it has to be folks who may or may not require Trump to be their next president. But they are furious at what's being done to him. It is a show of support. I mean, why do you think the poll numbers will go up after he is arraigned today in Atlanta? Is it because a bunch of people will just look at issues around America and decide, oh, he is my guy? Some may, but most of the poll bursts and the fundraising bursts that happen after each continuing litany of indictments is people saying, oh, hell no. It's what I call the Jason Whitlock effect. Jason Whitlock is the wonderful broadcaster, blogger, who was on the Tucker one, I think might have been after the first indictment or the second one, I lose track. Jason Whitlock was on with Tucker when Tucker was on Fox and said, I don't even know what I think about Trump. I'm halfway with him, halfway not. I like some of what he does, some of it not. I don't know. But tonight I'm hardcore MAGA. Tucker, tonight I am hardcore MAGA, Jason Whitlock said. And it was as a statement of revulsion at what was being done to him. Now, if that's a bunch of Trump support, cuz here it is in one nutshell. By the time we get to, we go through Christmas, we go through the holidays, everybody digests their holiday meals. And then we all get rolling in January of 2024. And millions of Republicans go, whoa, okay, now it's what's always been serious. But now it's time, time with a capital T. It's not about whether we don't like Jack Smith or whether we think 2020 was rigged or whether we're just not about anything else. Other than it's about one thing, one thing, who beats Biden? Who gives us the best chance of beating Biden? And if the similar numbers of people who think so today think that that's Trump, and by the way, it may well be, then nothing will change. All these campaigns, all the DeSantis's, all the Viv Hanks, all the everybody's, I don't wanna say it'll be for naught, but it will not bear fruit. It will not bear fruit. If, however, and it's funny because right now we got the sort of the fresh angst, the renewed emotion and determination of what will happen after Trump is dragged before yet another tribunal for yet another non -crime. And we can talk about this some today if you want. There's really only one thing out of every single one of these stupid persecution prosecutions, all these indictments, all these things. Really, they only got him on one thing. There's one thing that he just really should have done differently. And that's the handling of those stupid documents. Give back the stupid documents. If you do that, then that's not even a problem. But all this election related stuff is insane. He thinks he got screwed. And guess what? So do I. Guess what? So do most of you. We don't get to believe that. And if we're him, we don't get to act on that and make phone calls and secure meeting space and tweet to somebody to watch a TV show, all of which has been criminalized by these lunatic prosecutors. But in January of 2024, it's not gonna be about that anymore. No matter how we feel about that. No matter how we feel and no matter how resentful we are of that and how much we wanna stick with him. And I mean, in that regard, if millions of people say, God bless you, sir, God bless you, we love your presidency. We want those policies back, but the damage seems to have been done.
The Eric Metaxas Show
A highlight from Jason Jones and Seth Talbott
"Welcome to The Eric Mataxas Show. It's a nutritious smoothie of creamy, fresh yogurt, vanilla, protein powder, and a mushy banana for your mind. Drink it all down. It's nummy. I want vanilla. I want vanilla. Here comes Eric Mataxas. Hey there, folks. Welcome to the program. You are aware that a nightmare has been happening in our beautiful state of Hawaii. We want to reach out to one of our friends who lives there, Jason Jones. He has tremendous credentials, the most important of which is that he's friends with John Zmirak. Jason Jones, welcome. It's great to be on your show, Eric. Thank you for having me. I have been mystified as to what is actually happening in Hawaii. I've read conflicting reports. It's very confusing. You live there. What's your sense of what is happening, what's being done? Well, you know, Eric, I don't know when this started in our country that when there is a catastrophe, our government officials think that their most important job is to go on television and dissemble. It's as if they don't want to communicate the truth. This leads to all sorts of conspiracy theories and despair, and that's what we're seeing here in Lahaina. This is the home of my family. We've moved to Texas during COVID. We've been there now for two years, but my family lives here. My daughter has a business here, and this is our home. It was very strange. I run an organization that serves communities in catastrophes facing genocide and war. I never imagined in my life that I would be flying to Hawaii to do what it is that I do. And what has happened in Lahaina, the way I feel it, and I think the way that the people of Hawaii feel it, it's like the scale of 9 -11. It's not 100 dead. And it was 30, then it was 60, and they act each time, and they're creeping it up, creeping it up. They need to tell the truth. Lahaina is gone. They sent schoolchildren home to empty houses. They didn't have cell phones. The alarms did not go off. The sirens did not go off. If you didn't have a cell phone, there would be no way for you to know to leave your house and you're a child. So we're going to find lots of children. They're finding children. They're finding families. This fire moved at one point up to a mile a minute. There's no escaping that. And the poor tourists are coming here. The locals are getting upset because tourists are arriving. Well, but the tourists didn't really know. The media was not communicating what happened. Even on Oahu and the other islands, if it weren't for families communicating with each other, and the people in Lahaina still, we're shipping generators over there now on solar panels and we desperately need star links. So Elon Musk, if you're watching, we need star links. Star links have helped us in Ukraine and Afghanistan. And again, to imagine that I would have to be shipping and flying over star links to Lahaina, Maui is really unbelievable, Eric. But this is one of the greatest catastrophes in American history. Now I've been traveling for two days and very busy. So maybe something happened in the past 48 hours, but I feel that the media is not giving this catastrophe the attention that it deserves. And there's some real things that we need to do, which is protect the Kama 'aina, those families that have lived in Hawaii for generations, and especially the native Hawaiians. Because vultures are descending on Lahaina trying to buy their property in the midst of this crisis, this is something that cannot be allowed to happen. These Hawaiian families and these Kama 'aina families have been pesky to groups like BlackRock who want them to sell their property because they're sitting on billions and billions of dollars of property. But it's more than money to these families. This is all they have. This is all they know. This is their home. And they need to be protected. They're going to need help paying for funerals. There's going to be too many funerals to imagine. And then we're going to have to rebuild Lahaina and protect it. Now how many people, because I've literally never been to Hawaii, I don't have any sense of the scope of what you're talking about. When you say Lahaina, this is a part of Maui, give us a sense of what we're talking about. Yeah, it was actually the capital of the Hawaiian Islands for a long time. And Eric, it's also the center for the spread of the gospel of Jesus Christ to Hawaii. It's really where it started. By 1850, Hawaii was the most Christian kingdom in the world.
The Breakdown
A highlight from A Primer on China's Current Economic Turmoil
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Thursday, August 17th, and today we are doing a great, big, what the heck is going on with China episode. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link at the show notes or go to bit .ly slash breakdown pod. Hello friends, we are rumbling on towards the end of the week. And speaking of rumblings, if you have been watching the macro Twittersphere closely, there have been growing rumblings about China. You see it pop up a little bit in mainstream media and on YouTube's and certainly now happening on podcasts. And then yesterday, Preston Pish tweeted, anyone have a really good and recent article or podcast on what's happening with the economy in China right now? Well over here at The Breakdown, that really cinched it that we were going to dig into this. And before we do the usual caveats, one, I am not a China expert, just like basically I'm not an expert on anything we talk about here. But what we try to do well over here at The Breakdown is aggregate sources to help you better understand what's happening at least a little bit better. And number two, to the extent it comes up, apologies in advance for pronunciations or perhaps I should say mispronunciations. With that, let's try to get a sense of what's happening and why it matters. On Tuesday, the People's Bank of China cut rates on one year loans by 15 basis points to 2 .5%. This is the largest cut since 2020 and was an emergency policy adjustment following the release of some truly dismal economic data. July data showed weak consumer spending growth, sliding investment and rising unemployment. Youth unemployment for people between the ages of 16 and 24 hit 21 % in June. I know you guys can do the math, but to put that differently, that means one in five young people are now out of work. In fact, this month, the National Bureau of Statistics didn't actually release data on youth unemployment, stating that they needed to adjust their methodology to exclude students seeking their first job. Now, over in currency land, the yuan has devalued by 6 % over the course of the year, recently reaching the low point it recorded last October of 7 .3 yuan per dollar. That's the weakest exchange rate for the yuan since late 2007. Data from June showed that China have decreased their holdings of U .S. treasuries for three months in a row, bringing them to a 14 -year low. Some analysts believe that these reserves have been mobilized to defend the yuan from devaluing too rapidly. June CPI data released last week showed that the Chinese economy was in outright deflation. Consumer prices fell by 0 .3 % on an annualized basis. Manufacturing activity has now contracted for four months straight, and GDP growth this year has been paltry, recording 2 .2 % in the first quarter and just 0 .8 % in the second quarter. Multiple international banks have now downgraded Chinese growth estimates, forecasting that the economy will fail to achieve the 5 % growth target set by the CCP. And if that target is not hit, it will be the third year in a row with sub -5 % growth, an unprecedented rough patch in the post -Mao era from 1976 onwards. Now, contributing to this are debt problems, credit problems, and social stability problems. But before we get to those, let's do a whistle -stop review of the last few years in China to see how things wound up in this position. You will remember that during the pandemic, China ran one of the strictest and longest -running lockdown regimes in the world. And while the impact of the lockdown on the people of China was of course immense, the disruption it caused was also a major driver in economic dysfunction. Global supply chains became broken, impacting items from semiconductors to gym equipment. While the fragility of supply chains based in Chinese manufacturing had long been a talking point for hawks in the West, the failure of multiple critical supply chains during the pandemic cemented the idea of reshoring manufacturing across the political aisle in the US. Since taking office, the Biden administration has pursued major industrial policy with a view to decoupling critical industries from reliance on China. The financial sector has also been discouraged from investing in China over the past few years, with a range of policies and pressure campaigns ensuring that capital flows into China are crimped. And as a little bit of a self -shill, if you want to hear about how this has been impacting the development of their artificial intelligence field, go check that out. There continues to be incredible pressure on the Biden administration to even increase restrictions on export of AI -related technology to China, even though many of those restrictions are already in place. Anyway, heading back into the COVID era, as the rest of the world opened up and rolled back lockdowns in late 2021, China continued to be locked down into the strict zero COVID era. Many times, even when it appeared that things were on the verge of opening back up, some new outbreak would cause another lockdown, leading ultimately to citizens bristling at the continuation of tough track and trace policies. Another big notable event during this time was that in December of 2021, the massive Evergrande property development group defaulted on an interest payment on its corporate bonds. The property giant had been severely impacted by a crackdown on leverage within the property sector in 2020 and had struggled to refinance its debt. The tightening of credit standards was known as the three red lines policy and was intended to reduce the credit risk of home builders. When it collapsed, Evergrande had over 50 million apartments left unfinished, leaving homeowners to question whether they would ever receive finished units. The Evergrande failure precipitated further economic problems across China in 2022. Protesters staged demonstrations outside banks, with organized groups refusing to make mortgage payments on unfinished homes. In many cases, mortgages had been taken out prior to construction beginning, and so you can only imagine the frustration of people who were continuing to pay for homes that had been further and further delayed and who couldn't actually even live in them. In that same time period, multiple banks and wealth management products failed across the country and Chinese real estate in general entered its most severe downturn in history. Now the government did step in to manage the Evergrande failure and broader economic contagion. They were, however, in a tough position. Government policy around the restriction of credit to the property sector had been a major catalyst for the problems, but officials were reluctant to wind back the regulations entirely. President Xi Jinping has been outspoken about reducing the financialization of housing, stating, quote, houses are for living in, not for speculation. Now diving a little bit deeper into this area of the economy, the property sector is a key part of basically every major economy, but China takes this element to the extreme. China has one of the most overvalued housing markets in the world in relation to income. On average, an apartment cost over 30 times annual income, with major cities like Shanghai bringing this ratio as high as 50 times income. In the US, the ratio between housing costs and income is closer to four times on average and 10 times for major metros like New York and San Diego. Part of the reason housing is so expensive is that Chinese citizens use housing as a primary store of wealth. Again, this is true globally, but it's particularly lopsided in China. Housing accounts for more than 70 % of household wealth in China. Many people invest in property and then hold it vacant to preserve its value as a never lived in home. China has some of the highest rates of homeownership in the world, with as many as 90 % of households owning at least one property. This skew towards the property sector is largely a function of mistrust in other domestic assets, as well as tight capital controls. The Chinese stock market is notoriously opaque and lacking in the disclosure rules that provide a semblance of investor protection in the West. And while managed investment products are popular, they're often just proxies for exposure to the property sector. Analysts typically measure the Chinese property sector as representing around 30 % of Chinese GDP, which compares to the estimates of around 17 % in the US. Now other countries, including Canada and Australia, have similar levels of household wealth and GDP contribution from the property sector. But the key difference for the Chinese housing industry is the sheer scale of the market. Chinese real estate is estimated to be worth $42 .7 trillion. This is slightly larger than the US real estate market in aggregate, and even a few trillion dollars bigger than the total market capitalization of the entire US stock market. Many point to Chinese real estate then as the largest asset class in the world, and it is going down hard right now. Official data has new home prices down 2 .4 % across China since their peak in August of 2021. Existing homes have dropped by 6 % in the same time. This is already a massive drop for a housing market that was generally assumed to go up forever, but these official average figures don't tell the whole story. In China, closing prices for real estate are not public, so the official data is an estimate at best and a political fabrication at worst. The data relies on surveys and has significant smoothing to dampen trends. This makes turning points difficult to capture and could mean the official data is not telling the full story. Private data from property agents shows major markets like Shanghai and Shenzhen falling by at least 15 % in prime neighborhoods. The real estate surrounding Alibaba's headquarters is estimated to have lost a quarter of its value. Goldman Sachs economist Wang Lishang said, Now, alongside the fall in the housing market, more acute problems in the financial sector have also sprung up recently. At the end of July, Zhongrong International Trust Company missed payments across dozens of wealth management products. The company is a gigantic player in the Chinese shadow banking sector, which intermediates loans between individuals and private lenders. They primarily deal in the sale of real estate backed bonds, and at least 30 products are now overdue, and the company have said they have no immediate plans to make clients whole. Chinese authorities have set up a task force to investigate potential contagion, and banking regulators are looking into risks at the firm's part owner, Zhongjie Enterprise Group. Zhongjie managed around $138 billion. Jason Hsu, chief investment officer of Raelient Global Advisors, said, This was one that everyone knew was going to blow up. Overall, there are 106 trust products across the country in default through to July of this year, worth around $6 billion in principle. Real estate investments have accounted for 74 % of default by value. Corporate defaults are also up in recent months. June and July recorded missed payments on more than a billion dollars in domestic notes. That's the worst stretch since last December and January, which was punctuated by the default of Evergrande. This time around, the problem seems centered on an even larger property developer called Country Garden. The firm is considered by most to be the largest home builder in China and has more than four times as many outstanding projects as Evergrande. Country Garden has missed payments on its dollar -denominated bonds and is currently inside a 30 -day grace period prior to a formal default. Trading has been suspended on at least 11 onshore notes, and payment extension proposals are in the works. Country Garden's January 2024 dollar bond issuance traded at 9 cents earlier this week, an implied yield of 2 ,500%, just to give you an idea of how the market is pricing the firm's chance of recovery here. Now, as credit risk rips through domestic markets, China's major state -owned banks have been told to sell dollars to buy yuan in both onshore and offshore markets. According to anonymous sources speaking to Reuters, Chinese banks have been propping up the yuan throughout the week in an attempt to control the decline of the currency. Now, standard caveat on quoting Zero Hedge, but Zero Hedge is also reporting that Beijing have urged investment funds not to sell off Chinese stocks. Taking a step back, up until recently, the Chinese reopening was a major narrative for markets. There had been turmoil across China over the last two years, but many investors consoled themselves that China would reopen strong and provide some much -needed growth to the global economy. What's happened is almost the complete opposite. Chinese growth has come in weak and sputtered along since reopening. It now looks like China is headed for a recession at best, if not a full -blown financial crisis. Carnegie Endowment senior fellow Michael Pettis wrote, It may seem like terrible luck and amazing coincidence that so many things are going wrong in the Chinese economy at the same time. But of course, it is not a coincidence at all. This is how systemic imbalances work themselves out. I've often written about the Minskyan dynamics of long periods in which market variables move persistently in the same direction. When that happens, businesses, banks, local governments, and households who implicitly or explicitly take too much one -direction risk systematically outperform those that don't, until eventually the operations and balance sheets of much of the economy are directly or indirectly leveraged to those variables. That is why, when that variable finally reverses, the damage can often be much greater than anyone expected, mainly because no one understood the extent of the implicit and explicit exposures. Decades of surging property prices, expanding liquidity, and contracting credit spreads in China have created an economy in which balance sheets have highly correlated mismatches and distortions. In that case, the impact of an eventual reversal is brutally hard to predict. What about the response? Well, three weeks ago, when it had become clear that China was entering another period of economic distress, Chinese leaders vowed to provide more support. The Politburo pledged to spur consumer spending, tackle unemployment, and backstop the property sector. However, details were sorely lacking. The Politburo's statement acknowledged that the economic recovery after reopening was making quote torturous progress and that it was necessary to quote actively expand domestic demand and expand consumption by increasing residents' income. Julian Evans -Pritchard, head of China economics at Capital Economics, lamented the lack of a clear plan. He said at the time, Given how bad things are at the moment, it is a bit disappointing that they didn't give us some figures. And while their statement did recognize the risk to the economy, Evans -Pritchard said quote, They are not so desperate that they feel the need to resort to the old -school Big Bang stimulus. What he's referring to is that during prior downturns during the 2008 global financial crisis and the 2012 euro crisis, the CCP was eager to dole out massive stimulus on the supply side. The Chinese government directed the stockpiling of commodities and gigantic infrastructure projects to keep growth ticking over at a fast pace despite global economic turmoil. This time around, as of yet, there is no clear policy, just haphazard emergency interventions. For example, the People's Bank of China has cut rates, but there's a limit to what monetary stimulus can do to support consumption. This time, the problem is deflation, a collapse of demand. Until now, Chinese policymakers have largely been able to keep the economy out of the ditch using only supply -side stimulus, but it's not clear that that will work again. Late on Monday, Kai Fang, a member of the Monetary Policy Committee at the PBOC, warned that emergency rate cuts would not be enough. He said, Fang joins a growing chorus of economists insisting on direct transfer payments to consumers in order to support spending. This option has been controversial with senior Politburo figures, however, and so far Beijing has ignored the suggestion. Many have suggested instead that tax and fee cuts for companies were the most direct, fair, and efficient way to stimulate the economy. Senior Party members also have a history of warning against the Of course, the concern is that the underlying problem might be a simple lack of capacity. China's government resources are distributed through numerous local governments. These governments typically raise funding through land sales, but with the property sector in trouble, this line of revenue is less viable. There has also been an ongoing dispute between the central party and provincial governments. During the turmoil of the last few years, Beijing has been reluctant to come to the aid of overindebted regional governments. Estimates vary wildly due to the large amount of off -balance sheet liabilities, but Goldman Sachs analysts think there could be as much as $13 trillion in debt held by local governments. China's GDP is around $17 trillion annually, so there could be significantly less fiscal space for stimulus than the publicly disclosed figures imply. Liu Chao, professor of finance at Peking University, said, Now, as you might imagine, overarching all of these economic problems are the very real political considerations. Tensions around the rule of President Xi Jinping have started to come to a head around the financial turmoil of the last two years. For the first time, we've seen evidence of open protests against Xi on the mainland. Now, of course, it's impossible to tell how widespread the antipathy towards Xi is, but it's hard not to view at least some of the events of the last couple years as cracks emerging. And so really where we're left to do a very brief summary is a situation in which a set of challenges are converging all at the same time. And they're a set of challenges not necessarily easily solved by old techniques. Officials are caught between wanting to run back the old playbook and trying to figure out if there's a new playbook that'll work better. Michael Pettis again wrote, What got China into this mess has been over a decade of massive amounts of investment in unnecessary infrastructure and empty apartments. If this investment had been economically justified, rising debt would have been more than matched by rising productive capacity and GDP, which means local government debt would have never become the problem it has clearly become. I understand why many policy advisors are so worried about China's economic slowdown, that they are turning again to the old policies that boosted GDP in the past. But more of the same won't get China out of the mess that more of the same got it into. Now, of course, outside of China, the big questions are how a Chinese recession or slowdown or even financial crisis will impact the global economy. One thing that some observers have noted is that we haven't had a normal business cycle recession in so long. In other words, we haven't had a downturn precipitated by anything other than a financial crisis for so long that we kind of don't know how to handle it. We don't really have a playbook for what to do with it, at least not one that's been updated recently. To some extent, I wonder if the not knowingness of the situation is contributing to the anxiety around it, but as with any macro topic, it is an extremely dense, complex, nuanced intertwined set of issues. And so the best we can do is keep trying to keep track of it and recontextualize as new events teach us more about what's happening. Hope this was a helpful primer, at least a little bit on what's going on. Until next time, peace.
THE EMBC NETWORK
A highlight from DOUBLE IMPACT LIVE WITH JOHN C. MORLEY AND HURRICANE H 81323
"Well, well, well, hey, hey, hey, how you been? I I've been I've been good, man. How you been? It's been a minute. Very good. And welcome to our new subscribers and also to actually our Facebook page is following now. And also, Jason Academy is following tonight. So thank you all for joining in. You all can be part of the fun live for the first time, thanks to StreamYard's new integrations, which allow us to add guests. And when we bring people in, we can allow them to stream in what makes it really easy and allows us to have a lot more fun so they can easily share their information without even having to tell us. And we can broadcast right to their social networks, which is pretty cool. Kudos to StreamYard on that. Yeah. And guess what? I'm going to put the the link right here so you guys can see it. And hopefully you can join us if you want to wants to to hop in. If you want to dare to join it. Most of my people usually just want to stay in the chat, but you're welcome to join us if you feel like it. I know there's probably some people overseas that have been wanting to connect in and out. So tonight, let's see, where do we leave off? We have so much to talk about. I mean, I think the biggest thing I want to share with you is when I was only, I don't know, maybe about one or two, I got stung with a B. Not a big deal, but I got stung. And back then it was a big it was like the end of the world. So why do I bring this up to you? Because one of my clients, I was doing some IT work for and a about week or so ago, I knew we had these bees a while ago. I didn't really say much about it. And they told me if I want some honey. And I said, OK. And so all of a sudden, I am just about ready to leave. He says, oh, John, he says, we want to come and take a look at our beehive, right? And I was like. Maybe next time, like, yeah, I got to run like, you know, it's it's it's it's a lot later than I thought. No, no, you ended early. So you actually be able to stay. I said, oh, I did. Oh, all right. Well, he's like, you're dressed perfectly. You've got a white shirt on. You got tan shorts. You're in light colors. The bees are going to love you. They're so friendly and you should come and visit them. I don't know about you, but I was just on the fence about this. And so I said, where are they? So they're in our garden. So I started walking out to the backyard, very petrified. And 500 about feet away from the garden, not even the high, but 500 feet away from the garden. And I can see the hives, not just one, but like four of them. And each one has 10000 bees. And I know you do not want to go there. He's like, John, you got to come a little closer. I say closer than this. He's got to come in the garden. Oh, I guess I come a little closer. So I came closer to the outside of the gate. So now I'm within about 400 or 500 feet of the actual beehive. I said, I think this is close enough. He's you're not going to see anything out there. I said, it looks really nice. I said, it looks like they're working really hard. I can see them flying around. No, no, no, no, no. You're not going to see the queen. I can see the guys. I said, I believe you. It's there. No, no, no. You're not going to learn anything out there. I said, I can get a book. No, no, no, no. You got to come and see them. All right. So I opened the gate against my better judge. He's like, there are nice bees. Just don't make any sudden moves. Don't interact. Don't don't swat them. And you're going to be just fine. Like, OK, I opened the gate to the little little garden there. I close it as soon as I do this. A few bees start coming around me. Then a few more. Then with a few minutes, there is some more swarming around me. And now there's even a lot more swarming around my legs and my arms. And I was like, oh, God, you got to come a little closer, John. You're you're not going to see. I see I'm seeing plenty of bees right here. No, you got to come and see the hive. You think we should ask the bees? Is it OK if I visit your home? Do you mind if I walk over there? Is that OK with you guys? Do you mind? And so he goes, yeah. He says that they want you to come and see it. I said, all right. So I start walking to the hive and I see the queen bee and I see the worker bee and the drone bees. And I see the other bees coming in now. Oh, this is very interesting. It's very nice to visit you. I said, I can't stay very long. I have to go. But thank you for showing me your home, bees. He's like, no, you haven't seen anything. I said, I've seen a lot. He said, well, look at the honeycomb. I said, oh, the honeycomb is nice. You see how there's a size? I said, yeah. You see how the bees are flapping their wings really fast to make the honey from the nectar? I said, yeah, yeah. And if you look at that bee, he's starting to to coat it with the beeswax that they have naturally inside them to keep it from getting, you know, from from drying out. I said, wow, interesting. I don't know about you, but I just want to get the heck out of there. So these bees are all around me. Nothing stung me. And I'm trying to not make any sudden movements. I said, how do I get out of here? He says, it's really simply says that you start walking away from the hive. They'll start moving away from you as you leave the garden. They'll within a few seconds be totally away from you. So I said, I got to get going. So I started walking away from the beehive. Few feet, few feet, few feet, 100 feet, two and three. And they start leaving me a little bit. But they're still around me. I leave the garden and within about 10 or 20 seconds, they're all gone. I said, oh, thank you, God. For keeping me safe and not letting me get stung and letting me learn about bees, I say, you know what, H .H.? This is a perfect story for my next article. I learned two things from that one, the importance of being humble. And the other thing I learned bees was that are dying. And I said, I bet I could tell a story about the bee's life. That'd be pretty cool because I don't use that much. And that was not on my agenda to be talking about bees and how they work and everything. I said, I bet there's probably a company that has something out there with A .I. and saving the bees. I just thought of this. And sure enough, I found this company, Beeswise, in another country selling a Beeswise home for two thousand dollars and just 400 dollars a month with A .I. controls to manage the environment, a robotic arm inside that could do beekeeping remotely, even harvest the honey. Instead of pesticides, they would heat the frames hot enough so that the insects would just drop off. So this is interesting. And each basically home can hold 10 hives. So that's 10000 bees per hive. That's a hundred thousand bees per one of these A .I. homes. OK, John. I'm here. Yeah, yeah, I think there's some some static that came, you know, I think you moved something and we had some static. There's just I'm not sure. OK, I won't move. You know, not moving. Just like I think you hit something and then we started getting some static. I hit the gas, but there was nothing. Yeah, nothing. Yeah, something like you. It stops and it comes back when you move in. I don't know if there's electronics that are getting involved in the discussion. You know, I guess we have we don't have to worry just about bees. We have to worry about static, you know, from a frequency business here. Yeah, absolutely. The frequency. So the the article title, in case any of you guys want to read it. This article just released the other day. I'm really proud of it. It's called Bee Light and how A .I. will protect them. And when you look at this home and you see these bees, it doesn't look natural that all these bees are like in a computer environment. It looks like something that would give you a heart attack.
The Jason Beem Horse Racing Podcast
"jason" Discussed on The Jason Beem Horse Racing Podcast
"The see young. Alex does here. The world horse racing again you can find some of his international thoughts over there on the in the money. Network of shows p. k. j. no p. t. f j k. They got a whole slew shows. Now bernier i think has a show Nikki tucker has a show. Who else has show over there. There's a few more they're doing good. I like those guys Anyways we will wrap up this edition of the show. I mentioned earlier is plotting my trip back home and you know i've kind of feel like i've made that drive across america. I mean. I think i did the math. I think it was like fourteen times now. Fourteen times where i've gone. It leased from west coast to eastern time zone or eastern time zone a wet. So i consider that being cross country hit all four time zones at least on the continental side of things. I think fourteen times. I think this'll be fifteen going back. And i've pretty much been everywhere. I haven't been to mount rushmore yet. Though i'm thinking about thinking about going into like cincinnati the first day. And then i want you know that'll be thursday and friday night prairie meadows runs. So maybe i'll go to prairie meadows for a a friday night card six pm. I post time. Never met bobby newman. I'd love to meet bobby. Newman plus i can go to the big steer. That was always my first stop when i would leave river downs that go to the prairie meadows and the big steer. I wonder if bobby donovan still calls the charts. They're pavement bob. He was in a like a famous ninety band called pavement. We've had him on the show. He's a great great guy and he he did the charts there for a long time. I don't know if he does or not but he's just a really really sweet guide. I know he hosts a music. Podcast with the mike. Hogan formerly of the d. r. f- I've listened to it to the three three songs. Podcast they caught but anyways digression so yeah thinking about doing cincinnati iowa. I wanna go see mount rushmore. And that's a ways off the like. I think it's like fifty or sixty miles or maybe more off the freeway but i thought it'd be worth like one of those things just to say i saw at once. And then you know through wyoming montana and back to seattle. So that's my tentative plan. Because i've done the north dakota minnesota route. I looked in the twins. Weren't in town when passing through because if the twins were in town i'd maybe go to a minnesota twins game but that didn't work out the white sox were but chicago seemed a little north of where i wanted to go so i i'm pretty sure i'm going. Cincinnati prairie meadows south dakota wyoming and then back so and then go into tampa. I'm gonna go through. I'm going to vegas and then through the south. 'cause i don't wanna be november. I don't wanna deal with colorado or wyoming in november last year. When i left colonial to go back to seattle because the meek got cancelled so we were done like august tenth or something. I went through wyoming like august fourteenth or fifteenth. Or whatever it was. It was ninety five degrees in laramie. And i remember my wonderful friend carly who was on our jury for a long time. The equa pay. She came back to seattle. I think two or three weeks later was right around labor day and it was snowing in laramie. It had been ninety five in the three weeks later. It was snowing in september in wyoming. So i got. I got to avoid that. But i'll do the eh vegas albuquerque. shreveport go stop it old report on my way down and Make my way down to tampa back in november. But let's not get ahead of ourselves. We live one day at a time. We focus on one day at a time when show at a time. We're gonna come back and do an awesome play thursday tomorrow. I wanna talk about tomorrow. In addition to anthony steele coming on the show. I want to talk about the purpose of handicapping. We talk a lot on this show about betting structure and betting theory and all that kind of stuff and it's important part of the thing. But i had a little bit of a shift not in how i think about handicapping but just how verbalised how i think about handicapping as i was driving home yesterday i had this thought Because i just. I had a conversation the press box. Somebody asked about like what you know. How do you handicap. Because i picked a long shot surco so that one on monday was like eighteen to one and the guy said. How'd you come up with that one. And so i started talking about it and i realized that i've verbalised to me. What handicapping means and so. We'll talk about that on tomorrow's show so Really appreciate everybody who tunes in hope you enjoyed. The interview with alex is ville. Got a lot of nice comments about the joe. Police interviews appreciate everybody tune in that. If you missed it again our episodes you can go. I mentioned bob donovan. Surely you can go find that episode. Search bob massana. Vich jason beam and. I'm sure it's the first thing the pops up there. All archived on the twin spires page. Now all the old bed america episodes to even though but america is no moss. They're all still there. I think we're at we are. What are we at here. This episode of the j. b. h. r. p. four ninety four. And we did. I think we did nine hundred fifty barnes. So we're at like almost fourteen hundred. Wow and there's a few that didn't cow. Because like i would steady numbering of my leg the christmas specials and i remember i did at derby back to the future special last year. I don't know if you guys have heard that that was fun. I like doing off the wall skits like that. I have another done. Those i did that. how i root video that got it like crazy views for me. At least i think it was like eighty thousand views. And i did a twenty twenty parody song i got and then i did. A trainers speaks video. But i'm working on another one that i'll probably tape. It grants pass. But i think it's a funny idea and so follow me on twitter. If you wanna do that. I'm getting close to ten thousand twitter. Followers be awards at beamy awards anyway. So you guys don't need to follow me. It's alright long as you listen to the show. That's all i care about. We will see you guys back tomorrow. Have a wonderful rest of your wednesday. Hope it's a great day if you're joining us out of colonial hope he picks winners. Hope i can call you home. Will you guys back tomorrow..
The Jason Beem Horse Racing Podcast
"jason" Discussed on The Jason Beem Horse Racing Podcast
"I learned halfway through preparations. I'm allergic to horses. So doing the hands on experience. It was a bit more challenging but i was working towards something and just kind of pushed through how is working for the toddler. It was awesome. I get to meet him or is like oh yeah okay. It was incredible to sit. I think this is what you'd expect knowing him. I don't it's incredible my white whale guest. He's the one guy on at some point. It's amazing to see how well operation can run. i mean it is structured is structured. Well run operation as you will find anywhere. I told you to when we were having dinner about darlie flying. Start that i've been planning. The jason beam dwelt at start program. Which is a program for kids. Can't get into the flying. Start who mostly just want to shoot for very average careers in horse racing. You know visionary. I make fifty five thousand a year sometimes. It's a visionary idea but you might not a candidate. I think i think you're off to too fast star. We we need somebody. That's still like you know. Still labor in the in the racing program. So we'll we'll get. We'll get it all swear to way though i it's in the early stages get financing the whole nine yards. What was finding that the defining job process. Because you were saying you've kind of had to piece together a lot of these little jobs which you know for a lot of us in racing kind of what i do too right like i have to put together a lot of jobs and they kind of make for a big job but i know for a lot of people. It's not. I've been really lucky. I think a lot of people you know. Four or five months great. Okay now what i do. I got to do something. Because i go back there next year. But they're seven months between now and next year like. How is that process been because it's it's challenging. I know well. It's so funny because like right now as i said before like i'm in the stages of working on that and figuring out what comes next a lot of the jobs that i've ended up having over that timeframe came from people i met and being willing to kind of put myself out there to go visit tracks and reach out and meet people i mean. I met jill while doing an internship at the breeders cup. She ended up hiring me at colonial and then from there. I got a call from dora. Delgado at breeders cup saying. Would you wanna come on for a couple months. And then i ended up working for them. And i had a friend of mine helped me get down with todd. I mean it's just. I've been fortunate that i've had people that have been willing to kind of help me figure things out and because it is difficult and i've been lucky in that fact that things have kinda worked out in a way where good opportunities have come up but it all really stems to the fact that and this is what i would say to anybody. Who's working their way up in the industry that just don't be afraid to put yourself out there you kind of have to. I found for myself like the one. I was kind of in my isolating portion of my life like i wasn't meeting people and therefore connections and opportunities just weren't happening and that's a big big part of in a lot of things that have come my way since i think have been a result of of doing that and it's easier said than done in like i said you gotta walk the line between people doing their job they don't want to sit and just mentor. You but people will help you if you kinda show some aspiration towards it. I think you were mentioned work doing some work for in the money. Doing the international racing stuff. What what exactly do you do for them over there. So i started with them. I wanna say it's about five six months working pretty much just doing content management as far as running running the twitter account and make sure our shows are posted and putting all that stuff up and then about two three months ago. I they asked me like. Is there anything else. You're interested in doing and i was like well. We don't really cover international racing. And i'd spent the last two years really learning it and always wanted to use that stuff. Yeah so they were like yeah. Sure go for it. And since then. They've been kind of trying to expand on different things. Doing some videos. Previewing the breeders cup win and you're in races and it's been wonderful for me because i've i've been really excited to use all that and be able to do it and i've i'm lucky that they've they took me on there and they've been so open to having me just continue to expand my role. That's good yeah. I mean you mentioned earlier. Doing some projects is that stuff that you're talking about. Is that related to the international. Yeah it is. it's kind of the. It was kind of how i started learning. I mean it's on top of a lot of my work placements. There's a lot of stuff. I've wanted to learn and someone who didn't grow up around race now. I grew up in a family of that of pretty much a basketball family and a basketball coach. I played my whole life. Racing was kinda my favorite thing to do as a hobby. After that but getting into it. I still had a lot to learn. Especially if i wanted to move up in the industry so i just pretty much came up with a couple projects. I got some advice. Some people and just started really focusing on learning pedigrees and learning international racing and just watching it. What following coverage whether it was australian coverage uk coverage and kind of getting an idea of how how they look at races. My vocab has occasionally find myself using the word cracking and the are there certain words. I've decided that have slipped into my vocab now but it's all been kind of the process to eventually want to just just pretty much expanding my knowledge things and there's a lot more things that i wanna learn. I will over time but just one day at a time. Yeah it was funny when we were at that dinner you know inevitably the what is racing fix. Conversation comes up if you ever have dinner with racing people in industry or horse players like that conversation almost like can't not come up during dinnertime and I.
The Jason Stapleton Program
"jason" Discussed on The Jason Stapleton Program
"You're not gonna you're not going to regret it. They're they're just phenomenal sheets. In fact i want you to know this. I don't reiterate this enough. Because i just assume that you guys trust me enough that i will not personally endorse any product that i don't use and that i don't believe in so there are some products that we have here that i'll just explain it to you like if you got an insurance product or something like that. I don't actually use the product but if the company is good and has a good reputation. I don't i. It's something that people can use. I don't mind having them as advertisers. But when i tell you do this is an amazing. I love this product. No that it's because i use the product and i would not be promoting it in putting my putting my reputation online on the line if i didn't believe in it so Both of these products solo stove and bollandbranch are phenomenal products for you and if you need that stuff by buying through the show you you support us. You allow us to keep doing this. And and to and to keep bringing you higher quality A podcast and more interesting guests and content so please. I'm not saying you go buy stuff you don't need but if you need it don't buy it through us. Give it give us give us a little bit and cost you any more. And they sure like continuing to advertise with us. And that's because of you guys so for those of you who support the show. I'll just take a minute sir. Thank you it's one thing to listen. It's another thing to share the show and promoted in thailand. So those are two very different things. I appreciate all you guys who listen. I appreciate those of you who listen and share even more and for those of you who go one step further and actually become patrons of our sponsors You know for you guys. I just the highest thanks and To you and to the time money investment that you make because it makes it allows us to do what we do and and we really like it so anyway moving on. Let's talk about this check so for years the. Us has had a child tax credit. It's a it's largely hidden. It's something that you do at the end of the year when you're doing your taxes and it says how many children demi dependence do you have and then get plies a tax credit to that and it reduces the total amount of money that you have to spend that you pay in taxes every year and for most americans they get a refund every year anyway now if that should bother you right off the bat because every time you get a refund from the federal government what the federal government is telling you is they said you gave us a tax free loan interest free loan. They said we took. We stole too much money from you more than we said we would. And so we're going to give you a portion of back and for the last year. They have been confiscating money from you that you weren't required to pay to them. And they've been using that money interest free and then at the end of the year. They give tax a tax refund. And you think do. I got six hundred dollars back. Oh i got eleven hundred dollars back. This is awesome. Yeah government when in fact the government's be getting over on you for an entire year but the taxes so taxes for most americans are hidden. They just get their check every month. Most of them now direct deposit. They don't even remember when you opened up your first check matt. Remember when this happened to me. I- obe i was working construction and this is the first time i really recognized that. I was working construction and i knew what i was making. I was making like ten dollars an hour which a high school kid was more money than like. I'm making more money there than i'd ever made. And i worked for like they're backdated by two weeks so i've been done with my third week of work when we get done at the end of the day and he's handed out checks so in my mind i've calculated how much my checks should be and i opened that checkup and i was expecting something like almost a thousand dollars. And it's like four hundred eighty six bucks and i'm going. I don't think this is right. Like i worked x. Number hours and my the the foreman on the crew he was such like he was a really hard guy. The first time. I'd ever met a dude who was just really like dislike the curse and swear and just yelled all the time. I drove to love people like that but at the time it was a little unnerving for me and he was like. He's like no idiot. You got taxes louisville's taxes we. We didn't under pay. You got paid where your road. And i've started looking at it and i'm like dude. What what this is a lotta money that they're taken from me or most people don't even have you. What do you have an experience like that. Oh yeah yeah and it's funny. That was what i said in the interview. When i was on liberty lockdown with with vin armani and i said that for for to like an caps it's like nobody is born with the belief that taxation is theft. I said you don't like it's not taxes because you wish you had more money. You wish you got more money than what you actually. This is what people people's brains blew up. When i said this but this was my point that nobody look at that and says taxation is theft. What happens if someone looks at. There's like where's where's my money. Who took my money and someone comes by they say oh actually did you know taxation is theft. And you're like yeah. Yeah that's right. Taxation is theft. That's where the taxation is that comes from that sense that experience. That like feeling like this isn't fair. That's where it starts. Yeah but today like how many times with most people doing direct deposit. Now people look at that and they don't even see it like it's not even on the check anymore and now and frankly after a couple of checks you realize that the money's coming out and you just have a number in your in your mind of. Oh this is what. I make every week or every month whenever our up and you get paid and and you. It doesn't register in the same way especially with direct deposit. Will now you never even see it as the government hides the money that it takes from you without your consent and up until today up until now they've kind of hid what they give back to you and the deductions that you get because Because it comes in the form of like a subsidy it comes at the end of the year when you file all your taxes and then you get the check back in the mail so it hides the taxes hides kind of the deductions that it gives you. And then it's very vocal and very open about the money that it gives you back so when you get the boat when you get the check in the mail at the end of the year after you file your taxes. You're like oh man. I got six hundred dollars. Yay government right. Will this check in the mail. When i got this in the mail. I said i can't believe what they're doing. This is going to change everything because now instead of hiding the deduction the rebate. They're gonna send me a check every single month up until now. Who are the only people who got regular steady checks. Every month from the government people on welfare people who are getting direct monetary or compensation from the government very low income people. They're used to it. They expect their government money right. They expect to get paid every month they. They're they're owed that money every month. For whatever reason they dream up in their own minds but now that they started this now that every american there's no i ought to my horse not like i make It's not like i'm making gazillions of dollars a year right but i make i make more than enough money than to need a subsidy from the us government on the last person in the world who should be receiving direct monthly compensation from the government. And if i'm getting it. Every american in every americans getting it. Everyone has got kids. And how long do you think it's going to take before people start to have a sense of entitlement and they start to budget around having this extra money because this is why. I said it didn't really matter how much money you give. Somebody the adjust their lifestyle to whatever their income is. And so if you take somebody who's normally making a thousand dollars a month and now you give them or a four thousand dollars a month and now you give them extra three hundred dollars..
The Jason Stapleton Program
"jason" Discussed on The Jason Stapleton Program
"Get the perfect firepit for for those fall nights and make your backyard into a destination with spectacular firepit from solo stove shop. The fall event. Now get ten dollars off when you use promo code stapleton at checkout goto so low stove dot com and remember. Get ten dollars off. When you use promo code stapleton that's solo stove dot com promo code stapleton. And then we got bollandbranch gaz. I posted on twitter today. I just my sleep score. I i the last couple of nights. I've just had trouble like getting into some sleep and getting sleep and it's at me a long time to realize how important sleep was again especially in kinda the gogo world that we're in today. We tend to like statements like oslo. I'm dead is like a common thing. I've used it before but you. You don't realize just how important sleep is to your success and to your productivity. And last night i just got one of the best night's sleep. I have an oral ring so i can tell how i slept in what my heart rate was and all that stuff how long i was in deep sleep and i always can tell when i wake up. I didn't have to check the roaring. I can tell. Oh i had a great night's sleep and it leads to so much at least more productivity leads to me making better decisions in the business better decisions in my personal life and one of the things. They're two things that i think are the most important for your sleep in terms of the equipment that you buy or number one the mattress and number two the sheets and that's where bollandbranch comes in and they make all organic cotton sheets that look and feel amazing the more you wash them the more the longer you have them the softer and and better they feel. They are a satin. We'd for softer and more even wash crafted from the highest standards attention to detail. It is it is just a really really incredible product and as you guys know sheets can be expensive and these. I think they've kept them relatively reasonably priced compared to what you get. And so. if you're looking to upgrade your sheets i would tell you go to bollandbranch experienced the new standard a comfort at bollandbranch dot com. Fifteen percent off your first set of sheets with promo code stapleton. That's b. o. L. l. andbranch bollandbranch dot com promo code stapleton..
The Jason Stapleton Program
"jason" Discussed on The Jason Stapleton Program
"Our sponsors for today so the weekend pay some bills. Greedy capitalists that we are. We actually like making money. So let me tell you about a couple of products that you're really gonna love. The first one is the solo stove. There's nothing quite like. There's there really is that the copy says this. But i'll tell you in my awards like there's something about sitting around a fire on a cool night and having a cup of coffee or drink in a nice glass of scotch Or bourbon. If you're my house she won't bourbon and just sitting around and communing with your friends and your neighbors and relatives and there's something about that. And i have always loved that and we've had a fire pit in our backyard for the last little while and it's been a especially during times of during the kobe times to have people be able to come over to the house and have an outdoor space. Which for those of you. Living in parts of the country where. There's lots of outdoor space. You don't really realize what a what a what a blessing it is to have a space where you can go. That's outdoors 'cause in los angeles. Most people a lot of people live in houses that have very little yard space if any and most of them live in some sort of like apartments. Because it's cheaper to to live that way and so during cova they were basically locked in their twelve hundred square foot apartments with nowhere to go and so to have people be able to come and be around us into to hang out in the backyard and to sit around the firepit at night and just enjoy being with other people was such an amazing thing and ours was gas. I didn't have an actual firepit one and then Solo stove called me and they said hey we we want to send you one of our stoves. because it's it's it's kind of a new design right. So it eliminates like ninety percent of the smoke that gets generated from a fire. Because one of the downsides of sitting around a fire at night is that smoke blows in your face you end up smelling like smoke and like fire and it's eh kind of makes you cough. And i said all right. Send me one out on meet. Let me check it out. Let me see if it if it is as advertised. And i gotta tell you guys. It's amazing not only. Does it look beautiful but it works. You put the fire and there. After after it gets going the way it ventilate is vince. The smoke and you you you get like like almost all of the smoke is dissipated and so you can all sit around and enjoy the fire without having to eat big gashes of smoke all the time and it is. I mean we bought. I think we got the we got the middle version. One the one. That's been a big enough for like four people to sit around and it's just been. It was amazing. We fired it up the other night and sat around the back yard. And i was just like everybody just complimented on how beautiful it was and about how well it worked it was. It was amazing as made from premium grade three or four steel It is a three hundred sixty degree. Airflow system that maximizes efficiency while minimizing smoke. it's easy to light with a few bits of starter that's true to all. This stuff is true. Like everything in here is one hundred percent on the level and if you guys are looking for a firepit pit for the backyard if you look into upgrade and do something maybe a little bit nicer because a lot of them can be eyesores they start to get kinda rusty and it's just like that's the firepit. This is the thing that you need..
The Jason Stapleton Program
"jason" Discussed on The Jason Stapleton Program
"We controlled the country. We decided this is enough. You guys you guys take ownership for yourself. And they decided they didn't want it so now you live integrity. Tough matt your thoughts. What's interesting to me is looking at the background of ghani. The president of the recent president of afghanistan. Any people a lot of people here a name like that and they just assume that you know the only difference between him and the taliban is you know he just happened to have a different name. You know that he's just another. He's just another one of them and afghan people but looking at his background before becoming president in twenty fourteen ghani's spent much of his life studying how to boost growth in poor nations a fulbright scholar with a doctorate from columbia university. He taught at some of america's elite academic institutions before stints at the world bank and united nations later he co wrote fixing failed states a framework for rebuilding fractured world. And then down here. It says after the us invasion in two thousand and one ghani returned to afghanistan for the first time in more than a quarter century more than a quarter century. That's five years for those of you missouri right. This guy had this guy's not an afghan. This guy's in american. This guy is an american bureaucrat. He's a. He's a member of the american intelligence. Yeah he was he was essentially just like he was quote unquote the afghans like ruling themselves in the same way. That as you pointed out like every empire appoints cutouts to manage and just ensure that things ensure that the money keeps flowing the the reason that come that the empires occupy other nations is either to keep them down as a threat or to take advantage of their resources or both and in this case afghanistan is loaded with resources in particular. The opium trade is massive there. Now it's interesting that right. At the time that the opioid crisis in america becomes a major political hot button issue. And right at the time that there is a How should i say. This is a very a very unique medical innovation. Innovative technology released that now were approaching a time. When it will be mandated that everybody has to partake in this technology. Think about the money associated with that. Now think about the people who had been associated with the opium trade trade in afghanistan and which people are going to be associated with this new pharmaceutical product. It's the it's the exact same people they don't need those resources anymore and afghanistan. it's not the opium trade is now politically when you talking about the medical. You're talking about the the virus stuff they talk with the code stuff. Yeah and the the vaccines basically all right. Yeah so all. The major pharmaceutical players of this all traces back to the to the financial interest. The top all the major bureaucrats in corporations they all operate according to the financial interests involved in extracting as much value from the on the resources of each country on the were in the world as they possibly can and so so here they basically just the opium trade in afghanistan just became not nearly as profitable. It's now there's it's it's either become too much of a hot button. Issue or the vaccine angle is just way more profitable and it's just not even worth the resources anymore so you you think it's a. It's a fact that the money players don't see a value in staying and it's not that the political winds have changed here in america and that withdraws preferable now even by republicans even by neo cons. You or is it a mixture. both. I think it's a mix of both but if if it was financially viable to stay there like if there was still a major financial interest in staying there than the political winds would be adjusted accordingly. The fact that it's become politically untenable is is on that that narrative has been allowed to percolate and been allowed and had been been that amplified because it's useful for this transition now there's also in addition vaccine issue. There's also a nil in china is also very very a very profitable trade and a lot of the same people are are. The world is basically run by druglords. So so on those. Those things have have just made it. So the afghanistan just isn't profitable in the same way anymore. Now just from having followed the way that america managed regime change and an imperial occupation and stuff throughout the latter half of the of the nineteen or the twentieth century. My my gas is that the taliban effectively functioning as cutouts themselves that there's a deal basically with among the leadership because the leadership of these organizations are much more machiavelli in and much less ideologically radical than their followers. They used the ideological radicalism to keep their followers bought in but everybody at the top. They're all very much like we're gonna sit down. We're gonna talk. we're businessmen. We were interested in the in the money. Were interested in political power. Whatever so my assumption is that the taliban effectively the us is the us interest are basically just kind of like all right. You guys are going to keep doing the job but you guys took over now. You know we're not here anymore but you guys keep doing it. You make your payments on time. You know everything. Well we'll let you run your own country as long as you You make it easy on us so all of these things like when when people try to think of of this stuff in terms of the electoral politics games. You're just seeing like the surface. You're you're seeing the illusions and stuff that are that are kept cloudy on the surface to kinda disguise. what's really going on underneath. Yeah and and what it is is is really. It's the i think it's the the medical financial interests that are. They're driving whether it is or not it all comes back to to wealth and power. That's everybody all of the major players are are interested in wealth and power. How do i mask the most. I can for myself and the problem with afghanistan is i. It's a question of. How do i amass as much as i can for myself at the expense of others. And that's what i find a horrific about the the acquisition of wealth and power. It's for that end. it's it's it's a completely different story and we always try and talk about on this show Around the idea of how do we. How do we create more wealth and power for ourselves so that we're not subject to those kinds of people not because we want to not because we wanted at the expense of others is that we want it by by helping and assisting others that you can do that in america at least you can do that and there was a time had the afghans decided that they wanted it that they could have had that too. They just don't want it. That's what i want you to understand. They don't want freedom there the they wanna talk about it. It's like a lot of a lot of folks. I'll libertarian folks. They talk about wanting freedom but they don't actually want it because their actions don't don't show you that they do and so i. I mean nobody. There's nothing it was. There are a ton of things that were done wrong but everybody here. Every right now is arguing over the optics of it. They're like oh. This looks horrible. Who cares. it's all going to end the same way now. If you if you had exited with a better light all you would be able to do is just it. Provides you political cover. It doesn't change the end result. And i just. I find this this entire discussion just absolutely horrific better term than that. It's it's it regis. The watching the watching the response to this just reminds me of how much of american politics really is. Just people being upset at the optics of what's happening rather than what's actually happening itself and and people just being kind of it's it's a very it's like it's like the buji white person kind of thing where it's like they. They oppose homelessness because they don't wanna see homeless people because homeless people give him the creeps. So it's it's not that they actually care about the the the homeless people. They're just kind of like the. What's it from arrested development. She's like she's like hair ten. Here's ten dollars. Go see yourself a star war. It's that kind of sentiment that it's just like get this stuff out of my sight so i don't have to be personally offended and upset by this isn't this isn't restricted to the liberal. Side of the conservative libertarian. This bic witness across all categories of people for the most part were very. We live very cushy on a soft lives and so then the things when we see the ugliness in the world and we we want things to make the ugliness. Go away from our site. We don't want to actually address the root cause of the ugliness and the one other thing i would say that You said that the when the when the people I just totally lost the thought it escaped. It'll come back to me okay. Well let's so let's speaking of optics and and context in the way that we view the world i want to. I want to shift gears a little bit and talk about the checks that we just got in the mail..
The Jason Beem Horse Racing Podcast
"jason" Discussed on The Jason Beem Horse Racing Podcast
"Bred is just a whole side. No story of You know being part of holy boss syndicate that. I kept maryland and that that philly just renter i started Pimlico and that was super fun. having bret my my first runner so now i've got about six mares at six mares in foal this year and so we'll have a bunch of babies on the garden next year including the syrian getty baby. She was I thought now. I'm forgetting who who she. I spread to You know she's by this you may have heard of them Trying to think of his name intimate. If that's it was yeah. I mean you will keep that one race or will you will you sell or maybe like an alternate or do you kinda know yet. Yeah i think that we won't rule out selling some of the babies down the road but If i go back to the family side of it My wife is already like i. Don't i think if i sell the baby. She may leave me now so i think we're probably for justice. Save the marriage. I'm gonna keep the baby. Yeah i get a kick out of some of your names For the horses do you and your wife like i. I would think that's kind of a fun part of it. You guys have like a running list. Do you sit down and go over him. Do you get carte blanche on that. How does that happen. We have i have four daughters who are all Very smart but super creative and funny. And and i have a running list on my phone and life events happen and when the life events happened clicked on a name so i got a whole list of names ready just to unload but But yeah that's actually a very fun. I mean i think if you have the luxury of being able to a horse then you know do something to honor the pedigree or your family or something that's meaningful or you get a chance to do something of cool fun. Yeah i was a stakes. Winning filly for you did that. Come from the office The quote in the office. Yeah so My daughter number. Three any Introduced our family to the office and I it's a direct quote from michael scott who we think is very funny in our house. I i'm not superstitious. But i am a little dishes. I'm just a little. And if you know. Tom amos he superstitious. Oh watches every race. The same tv knees and hips are or was it hips in need. I forget what that that was a good one too. though for giving your occupy needs and She just broker made it. Alison actually just placed third mistake at saratoga. Two year old stake in saratoga last week. Well it's exciting to watch really appreciate taking some time. You'll it was great to get to meet you at indiana wish you all the success going forward so much for your time my pleasure jason and hope to seize the aren't will be back after short time out of sedation horseracing. Podcast brought to you by twin. Spires this is the jason beam horseracing podcast brought to you by twin spires. Big thanks to dr joe. Kelly deeper joining us. Hope you guys enjoyed the conversation with him. A lot of fun to talk racing. Dr joe and wish him the best of course with the knees and hips and little toot and all the rest. I'm excited to see to in this. Game empress baby makes it to the track. But they're really appreciate. Dr joel's time and i enjoyed the conversation with him again. Coming up tomorrow show. Alex is going to join us. Anthony's to be a little bit later on the week. Ed james scott will be here with our travers. Jury preview will certainly start talking more about the travers and the weekend coming up here. Is we get into the thursday and friday sections of our our show and the next week of course virginia derby coming up on tuesday. We had our the match series on monday yesterday and Some really exciting racist. it is It is very neat to get to call horses that you've heard of a lot you know. Long range taty was in just might was in Who else was ingest. Franks rocket was in. I mean come on. It was cool. And just my the only one of those that lists that one francs. I kept broke bad and had to try to loop up almost one to by the way only got beat by half ahead by a by just top. Pick at six to one she talked. Gotta give just some credit. We'll have to bug just to come on the show for the virginia derby next week as we get set for closing out here at colonial downs and next week of course my final week for a little while. Because i'd take a couple of weeks vacation after that so we will try to get you good. Final week of shows close out August well and hopefully close out this week. Well we still got three more shows but appreciate you guys tuning in and we'll see back tomorrow. Everybody have a great rest of your tuesday..
The Jason Beem Horse Racing Podcast
"jason" Discussed on The Jason Beem Horse Racing Podcast
"Ed for joining us and doing that every year like i said i think it's a service to to us horse players and fans and all that kind of stuff so really appreciate. Add doing that and hope you guys enjoyed the conversation now. One thing he talked about that. I thought i would end the show on Was early on in the interview. He was talking about the great one. Gamble and you know because i asked him i said you know how do you kind of you know interpret partner baths or bets. That are made through. Other people are all that kind of stuff he talked about in the great one. Gamble you know. He said that. I wasn't i didn't own all of myself. And you know we used a couple of poker analogies in the conversation. And i know some of our listeners have no interest or knowledge of poker but that's something that happens in the poker world a lot and i'm curious if i don't know that it happens that much in the the racing tournament world i would guess it may be does like the bbc. Those big buying events Obviously the qualifying ones. I don't think they happen as much. But you go to the world series of poker and it's a ten thousand dollar buy in in you know your chances of winning five six seven million if you if you went on top and a million dollars if you make the final table and maybe even the final twenty some years what what people will do is. They'll sell pieces of themselves and sometimes like they're actually There may be still. As i haven't i haven't looked but they used to be a site and poker where players could sell a piece of themselves. You know for any tournament and do it online so like you know me. As a fan of poker. I could invest and by ten percent of daniel mcgraw new in the world series of poker champion and a lot of the best players would themselves at a markup rate so they might sell themselves at one point two five times you know so to. To by ten thousand dollars worth of shares in them there would actually be twelve thousand. Five hundred dollars bought And so someone who wanted by ten percent it would cost them twelve hundred and fifty dollars kind of thing so there would be a markup because the player had either a big name or was just a really good player and could do that. I don't think that happens very much in horse racing. But i'd be surprised if it doesn't happen some at least in the big by events i i know i. I've heard of some players. Some who are good somewhere not good you who have backers who have people that invest in them. That's another common thing in poker. I'm sure it happens a fair bit in racing where someone will say. Look here. i'm gonna front you thirty grand and that's your role i trust you play on it. You know prophets. We split fifty fifty losses. I take the whole thing or you know maybe take eighty percent of it or whatever it is and you know that kind of stuff is is fascinating to me because with poker. I didn't know when i first started watching poker that that was such a thing. You know you'd see a guy who'd win a tournament for five hundred thousand and you think man that guy set for a few years you know even if he runs bad and then you realize he only had twenty percent of himself is investor got eighty percent of the money. And you know it's it's just a it's a different thing but it is something that that's pretty common in that world and i would think is somewhat common in the race. That partner tickets twin spires has the great bet share a function. Those i think happen all the time. I have friends i was never into that at all. I was never a big ticket. Share person For for whatever reason. But i have friends who. It's like their every day. They're sending money to one guy. Send him money the other guy get money back when they win from one guy. It's like they got all this money floating around. And i suppose that the ease of things like bet share or just van mo or cash app or any of those. Things have made that a lot more easy. I'm sure the accounting part of it's still a little confusing but actually getting money to people is is a lot more easy than it used to be so anyways but they're really appreciate. It adds time today. Hope you guys enjoyed that conversation would back tomorrow to look ahead to some of the weekend action. Of course belmont derby and oaks coming up this weekend. We'll talk a lot about Both of those events coming up at belmont park we got the delaware handicap coming up this weekend. of course. the delaware Three zero philly race last week in the delaware handicap coming up this week. They always run those back to back. And some steaks action at woodbine the fury stakes the selene stakes part of the graded stakes group. The marine is coming up on sunday. I don't think we'll talk about that governor stakes at emerald coming up this weekend big prep for the long acres mile which isn't all that far away now and of course next week literally like next weekend. Is saratoga del mar opening. So we'll probably be geared more towards that as we get going next week in the show but looking forward to it. We'll see you guys back tomorrow. Everybody have a great rest of your thursday..
The Jason Beem Horse Racing Podcast
"jason" Discussed on The Jason Beem Horse Racing Podcast
"Racehorse that was kind of my next question was just you know are are the things you're looking for at this point to have a decent idea of of which ones will stretch out better because obviously this point the two year old season. I mean early speed and shorter races. This kind of the thing. But that's you know. There's the stretch outs. Aren't that far away. No and i just think. I think it's just kind of goes along with what we were already alluding to earlier in the conversation. It's it's you know we always like to think. I look at once in twos and glacial and and the way that they gallop and the way that they move and the fact that they're not yes they're fast enough to before replacing sprints but they're not doing it because they're running off. They're doing it because you're asking them to. They have the qualities to be route horses. So obviously we're very excited about going forward with them but you know it's it's there's nothing guaranteed so we'll we'll train them we'll train them and then we'll hope for the best but You know the other day they got to be the ones who do it. Are you mentioned saratoga. Are those two. I was thinking pretty. Birdy with being a whitney stable horse might be one that also goes to saratoga those other two heading up north as well. Yeah so pretty. Verdy will run in the schuylerville. She worked really well. I think it was friday or saturday morning. She worked extremely well. She came back and and worked. Great i you know. I just think it's the right thing. She seems quick really really sharp right now. Pretty birdie that race usually comes up a little bit easier in the adirondack the spin away respectively and Just just to have the opportunity possibly win the opening day steak for mary. Lou whitney horse at home bred top and bottom would be truly special thing so i think we gotta take the opportunity while there On the ones and twos and glacial will will both be pointed to the mid me mistake races at saratoga. You've you've you've had some success up at the spot right you know. We haven't had a ton of success. Because i haven't really been up there. I i didn't go at all last year. Because of the pay make The horses that we've ran have ran. Well i think one or two races. But they've always been competitive I it's not a one hundred percent honest jason. It's not necessarily my goal. I i understand the necessity of of sarah necessity of saratoga. Understand them like the allure of it but for a guy at this stage in my career that only typically has two year olds. I i don't and i don't think it's the best place to have your two year old. Start so with these three. They're exceptions because they've already broke their main so they this is where they need to run. Okay and and it's understandable and it's justified. I don't want to send a bunch of two year olds up there. I just don't think it makes any sense. I think on the on the kentucky guy. I think between qinglin and churchill downs where at the best racing circuit the country. As far as i'm concerned that offers the best racing for two year olds. And why do i wanna waste one or two starts at saratoga and potentially you know have a setback. When my baby's when i got qinglin waiting you know i just. I just haven't tried. They make a long story short. So mostly we'll see how it goes. It's it's obviously cool place. I'm not. I'm not trying to belittle it as just you know. It just doesn't fit into our program at this point norm. Cassie joining us here on the program. You know you had a very good fairgrounds. And you've had a good twenty twenty one as a whole. I think you're on pace for similar number of starters as recent years but wins and earnings are are up quite a bit. Not trying to jinx. You feel like you guys in general are are kind of on a good run right now and just been kind of doing things a little bit differently. I'm i'm i like. I said i think overall i think than the common denominator is separate. We have better horses. But i've also done some other things different. I have a really great team now. and went out of my way and i'm tired. People paid them more money than probably most people would make sure that i have the best exercise riders and the best. Help possible I don't know. I just feel like i have a better kind of gauge where my horses need to run as far as level and distance and surface and I think probably more importantly than that though is that on. Now i've kind of have clients that. Let me run where they need to run because one of the hardest thing is having clients who are a little bit I want you know that one kind of dictate what's going on and you know horse needs more information thirty. But they're not ready. Sure and so the next thing. You know you're running one or two starts before you actually get to run from aden. Thirty and that kills your stats. You know so now instead of doing that. We're information thirty right away. Yeah and sometimes that's not even right you know but I think. I think that's probably the big big thing that has changed. I remember doing real estate for a little while and you learn. Everybody thought their house was worth more than it really was because it's their house and i'm sure there's some of that with horses right well. It's just not that. I was actually had dinner with scott shapiro and kevin kirstein of churchill. Downs pain yeah to yeah to to really good too But we were having dinner the other night. We were talking about owners expectations. And how a lot of the guys that come in like You know i guess the mid level guys the guys that may be playing like this fifty two hundred thousand for horse level. You know not mr oxley. You're very tight money. Their expectations are probably higher than the people who spend a half million dollars on a horse. The people who spend a half million dollars on the horse. It's almost like play money and you know they catch a good one in the horse is going gonna be worth a ton of money as a stallion or broodmare. The ones that spend forty or fifty. They don't want to be told that the worst is only worth thirty. It's a really weird dynamic. Kind makes sense though i feel i feel like you're you're onto something there. It's true just telling you and so as a trainer one of the biggest things that you have to do. And and i think like like i see a guy like brad cox i. I can't speak for him personally. But i've heard him say things like he'll just straight up. Tele guys know this horses running here. He's worth thirty. That's where we're running him..
The Jason Beem Horse Racing Podcast
"jason" Discussed on The Jason Beem Horse Racing Podcast
"Friday morning committee. Jason horse racing podcast brought to you. Twin spires happened to be with you here on this friday june. The eleventh we get set for a weekend in the world of horseracing and we'll talk about a fair bit of that on today's show. Ara buddies in the jury will be here to man jury this week James will be back next week. But it's just add scott today so me get me for that just means you get me for like seven minutes. More is all that meat. So we'll talk with them kind of close out our discussions on the triple crown and belmont. Ed had highly touted essential quality in was talking about how much he was going to bet. So we'll talk a little bit about that about the the odds shift laid how that affected his His wagers and There was a crazy story. Scott covers golf on twin spires and the edge dot at twinspires.com which is where a lot of content lives. And you know. He's he's golf shop and there was a crazy story in the world of golf last week and so we'll talk with shep about that. And if you bet on certain gulford that was not allowed to finish his round because he got covid and he was way ahead like twenty six beats ever. Let's talk about that too. Like i was thinking about like. I don't think i've ever. I don't remember having like a. You know. bet on a horse where he was in the at the sixteen police five clear and the jack falls off or you remember like fallen leaf at at gulfstream park. If if there's a really neat special that espn and kenny mayne did kenny. Mayne is a longtime espn sportscenter. He's a seattle guy though he's from here and went to my same high my mom and he would do these little weird things at espn. For years and one of them was he did a little story about fallen leaf and fallen leaf. If you remember. That was the one where the horse was clear. He had if i remember right he or she. I forget if it's a boy or girl horse had been erratic in the first start and would like i don't remember. I don't think the worst was going to win. But he was like in middle of the pack and like it was like totally logging in and out and so the second start the horse gets the lead and comes to finish and looks like it's going to go. Okay and pete literally says like you know no issues of any kind today like right as he says that the horse duck straight in goes over the temporary rail and unseats the rider and loose and pete and there. We go with the antics pete moment and call. But there's a really cool. Like i said it's on youtube. If you just look up fallen leaf can remain or something like that. And it's a it's a crazy story. But i don't. I don't remember ever having any of those as a better like any you know crazy sic beats the other one i remember. That's like one of the greatest beats if it for a mariners fan was there was a time. The mariners played the cleveland indians. I think it was sunday night. Baseball in the mariners were up by like a lot of runs. I wanna say i'm not joking. I want to say it was like fifteen one. I'm going to look at mariners. Blow twelve run lead. I think that's what it is. Yeah it was against cleveland. I was right on that. Okay good and that was the year by the way i think it was the year or maybe it was the next year the mariners like they. They think it might have been the same year. They won a hundred sixteen games so they were like a legitimately really good team and they blew a twelve run lead. Like if you bet sports baseball in particular. And if you're up twelve you gotta be feeling pretty good like i bet. You know the occasional hockey game where you're up like seventy two or something you know you can kind of go to dinner and relax. Because beckham's over and i've got to think with the mariners. It was the same thing but Yeah we can preview addition. We'll talk about some of what's coming up this weekend back. Couple nice raises churchill. I wanna talk about. We'll talk about the salvator mile. Which i meant to talk about yesterday. And then didn't they drew the race for the pegasus at monmouth which is on sunday and small field. Which i think it was kind of expected especially with manda lunar showing up. It's a. I remember thinking initially like. Oh it's kind of a bummer. It's you know. I wonder who's going to actually run against them. Then you remember like it's listed hundred and fifty thousand dollar race. It's not even a graded stakes race and so It stands to reason that maybe a lot of bigger names wouldn't go there just because of that like and so mandolin is there. He's it's it's the primary prep for the haskell and it sounds like that's kind of his target and obviously with the news last week. That monmouth scan allow baffert to run their. You know you gotta think he'd be pointing one or more of his good three year olds to that race. And so the haskell shaping up at least now as a pretty interesting one so mandolin draws post to and couple. Decent name showed up. I mean brooklyn strong. Who was fifth last time out in the wood memorial and was victorious in the rim stakes draws post one way burn who won the gotham and was fourth in the wood. Memorial is drawn out and post four. Doctor jack in lugano lugano. I don't know anything about lugano attack. Jack but if i mean i think it'll be an interesting race if anything just because you have your potential kentucky derby winner. It's weird right. Because i feel like in my head i have already mandal. Luna's the derby winner. Because i just assumed that the disqualification is going to happen for medina spirit. But maybe that's preemptive crowning so we'll be interesting to see what happens with that race and how it kind of shakes out and of course what happens In in the coming weeks as we get set for the haskell stakes which on july seventeenth at monmouth this year so amanda luna. He strikes me. he's you know he's not one of those you know. It doesn't have like a huge move or you know kind of a powerful kick. He just kind of you know he's he's just a good solid horse and i almost hold him not going by against him a little bit just in the sense that like felt like he should have but harrow. Charlie didn't go by and he ran a monster race. Central quality didn't go by. He ran a monster race in his next time out. So maybe mandolin is that good in his. You know specially gets who he's going to be facing. Maybe this'll be. you know. A big confidence booster form to me just because he he laid a couple eggs in louisiana and i can always be forgiving about those but it almost makes me wonder if you know. Maybe he's not all that know in a bag groceries so we shall see but that's coming up on sunday. Why don't we get to the jury. We'll get to scott. And then i will come back and talk a little bit about to some of the weekend racing coming up. It is horse racing podcasts. Friday edition of the program sponsored by twin spires the jason beam worst bracing podcast brought to you by twin spires. Is your home for daily thoroughbred horse racing conversation. Join host.
The Jason Beem Horse Racing Podcast
"jason" Discussed on The Jason Beem Horse Racing Podcast
"Wind place type ed in a lot of regular betting i mean the tope word kind of gives you your answer sometimes and and you know obviously with nhc you do have up until the last second but a lot of the online tournaments that is not the case. Yep exactly right. And i remember inside the pylons right. Pp he talks about the place that why it's not a good debt and You start adding that in. That's just another factor that kinda kills that positive. Roi mindset for joining us here on the program and obviously eighty w in texas. Is it difficult for you as a horse player. Because that i know a lot of texas guys play the tournaments because of that reason is that how you of got into the tournaments it is. That's a lot of it Unfortunately like i said we have a place in south florida via four to address and we can do that through that address so but yes So that that helps but yeah it was when i started back in two thousand fifteen really you know ernest interest It was very difficult. It's why i got into tournament play. Because that's really all i had was forced and stuff like that. You know you mentioned. Ups's he's kind of been my guru in terms of mentor and learning and stuff like that. Did you have people who when you were first getting into you know interested in horse racing that that we're kind of people that you went to and learn from it all that or did you kind of approach it on your own one hundred percent there. There are a lot of people that really helped out initially I you know. I a connected with bruno. They usually julia excuse me. I'm really bad at saying that. Last name He helped other for awhile. also met a lady named laurie. Ross i don't know many people know her. But she does iron maiden thoroughbreds She's just fantastic pedigree but just overall horse Person she can read the horse and can be the person in the paddock. This is that worse is going to win today. And find him that way But she recommended seven different books and I really jumped into those books. Sue very helpful but then My friends like Doctr as a. Hey you know we. We had a lot of really good conversations hayao go get you a fifty thousand and eighty thousand dollars. You know Set of money. Put that aside and and don't do any monthly budgets. Just put all your money in. That was one of the biggest things that really took the pressure off from a week to week basis But yeah so but then other friends you know like john heard. He was calling me about three or four times during the day during the tournament on memorial day but so everybody's just constantly providing that feedback and that information But yeah. I definitely couldn't have done it with a lot of without a lot of them. I also listen To garrett ski bus advice a lot i know. I don't think you he comes out on weekdays only for the live money tournaments now but still just invaluable outright tony Zou zo apologies. Show thank you and you know just the other day we were messing. He was giving his thoughts You know on a few different things as well. So i just really appreciate things And just people just constantly adding in willing to add advice so Lots of watch the people that i consider mentors and friends that are definitely helpful and again i i ve you go. I excuse me. I view horse racing a lot like i do golf. You can go out on a golf course and you can play with three other friends But it's you against the golf course if somebody else makes a birdie you're gonna pat on the back same thing with horse racing so it's a lot to find. You can sit there and lose but you can still congratulate somebody else when they win. It's just a it's just wonderful for those types of environments. Yeah i've really gotten to enjoy the you know learning from people and from a lot of the names that you mentioned and stuff like that and i think sometimes racing. It's people i have friends in poker. Who like they just. They seek out like getting criticized because they want to learn from that and we. I don't think we've seen as much race. But i feel like the tide's turning a little bit on that at least in the in the public spaces at for sure in the The private space. I mean garrett to your to me. He's like one of the most fearless guys. I've ever seen watching the pet especially in those tournaments me and that's in those cash tournaments like you. Yeah that seems to be one of the ten points here from so many tournament players like you just cannot be scared to lose their and i think that is good advice. Read the pools to yeah one hundred percent You have to be willing to lose it all. And and that's why i was. I thought fifteen hundred left after my main target for the day nine didn't hit and So i still kept swinging. And i knew i had a live shot in last race and so i was calm throughout the entire day. It was nice once. I hit my first race to get me to three thousand dollars on race number three. I think it was because in the rest of the day was just chilled. And i was just focus on one needs to do so. It was kind of eventful. I do want to go back and touch on something jason. Yup forgot you know. You talked about Those at the race track and helping people out joker stomach another one fantastic We been down to fairgrounds in in new orleans. And he's really the main reason why follow churchill fairgrounds. We're also part of brilliant racing. My wife and i have been part of one two and three and we'll we'll be joining Four here's well or yeah so But effectively You know my family was there and the boys were getting into it. They were just betting placing show and joe brian. He said why don't you guys do a show parlay and then he jumped in with the whole family and we just had a blast with it..
The Jason Beem Horse Racing Podcast
"jason" Discussed on The Jason Beem Horse Racing Podcast
"You can't the the analogy. I always uses announcers are like ice cream. Flavors like one person's chocolate is another person's pralines and cream is another person's vanilla taste. It's it's just tone on the ear. It's all that kind of stuff. And i was telling somebody you know. I had the job tampa had announced recently and my friend was asking me. She's like do people ever like get mad that you got hired. I was like somebody will. I mean it's just it's impossible to please everybody in such a subjective. Kind of you know kind of thing. That's the exact words subject and You know it's tough to please everybody Going back backtracking is congratulations on getting that tampa. Job richard been there for years and nobody wants to be up gig follow. I mean you're going into a spot that's gonna be tough to replace but i know you'll You'll fit in. Well i was gonna ask who is who is calling the rate because obviously hastings was exhibition. Park back. When you were getting going. Who was calling. When you started at frazier over hastings. Well i if you wanted to go right back to the story you know we. We knew that the legendary jack short was gonna retire because that was pretty friends with them and of course dancing to go to be cit in broadcasting and you know You can see you know. They want to hire you as six or exhibition park. You know i was twenty twenty. One does play baseball summer. Trip samuel down on sundays. Because there's no sunday racing here and i said i don't want to tie up my summers. You know nothing else. So i just let that go on and jack retired. They hired by doug greet for. I want to say twelve years. Maybe at at exhibition park and then he retired or resigned. Or whatever happened to the came up and i decided to apply at Fraser and cloverdale da- point for ten years so But it's a lot different. Let me tell you not know i. I've only. I've only called standard once. And that was that was up at century. Downs in calgary and it is different beast. It's obviously it's a little easier insensitive unfold slower but it's harder to see the colors because they're behind the horse like it's just a it's a whole different language. I kept saying running which i got yelled at by somebody for roy. Call runners not running. No no so so you quit. We have a little bit of an overlap here. pc between fraser and hastings. I have to be careful as to what i say. Because they'll be racing the same time say in september and i'll be going wednesday friday at fraser and saturday sunday in the old days a couple of years ago in. Hey thing so you have to be careful. you don't make up your running in your racing's and In the sulky and you know this kind of stuff. So it's a challenge. And i see one of our compatriots like will chamberlain from evangeline to harness that hoosier so I'm sure he had a bit of a transition to so it's not as easy and you know the the biggest thing i don't know why they don't standardize the colors. Yeah because what one man's black south of is not the black saddle pad artist and why they can't get together to try and make it easy for the public to find a number and say okay. Number one is always x. Number two is always white in know But to each his own you just have to roll with the punches and try and figure out that got me at At century there was a white towel. Move in and i was like. Oh it's it's the two and them nope that's the three crafts. But you know. I didn't put many expectations on myself for that day. So i knew there was going to be some mistakes like that. I wanna talk about hastings in the sense. That i feel like hastings doesn't get the love it deserves is like being kind of a beautiful place and i mean it's an unreal backdrop that you guys have there and i don't know if it doesn't but every time i like post pictures or video of their people like wow that's hastings like it's a great place to spend a day at the races it certainly isn't and i have the best obviously Bias but i have the best anywhere because i do have that in letting the mountains in the backdrop I don't think pretty your track around. I mean dell mars bigger tracking. They've got the pacific ocean to the left there. At the top of the stuff we know what a great place to spend a summer day and even some of the friday nights like you know really kind of magical sunsets behind The mountains that cassidy's kind of hugh over the track in the late july before we start getting into the tilling group of september october. Yeah you and you know again. Pre cova i mean i. I've gone up there for many a friday or sunday or saturday card. I mean you guys get good crowds on track food trucks. It's just it's it's such a cool place to go and you know i. I think i feel like the northwest. Daily double hitting emerald and hastings in the same weekend is a is a great trip if folks are considering race track trips at all you know thirty plus years of getting a call some amazing horses and races up there. Do you have some some favorites over. The years of horses is a racist. You've got nicole up there. Well you know The first derby cars. That'll be probably the same with your. You'll you'll pick out the most important races as the one that Kinda sticks so but Blue light one. The first derby for me here at the be gregory was trainer. I believe in you know. I was always at the the derby for years and then to get the call it with something else so at delta colleen and we're going back quite a few years but you know the source delta colleen. She always made this huge wide. Swooping move and jockey was legendary. Chris lowe steph but. Chris was on suspension or hurt that this one time and they had a subsitute writer brian johnson as it passed a half mile just before they went to the backstretch looking. And here's his delta colleague going to the front. I'm thinking no no. No no you're supposed to be at the back of the pack. I'm supposed to be calling you at the end. But brian coke. Stir home but it was It was quite a feat because I think he surprised everybody by getting a jump. On early it was funny grownup seattle. I always knew a lot of the names of the big horses because they would sometimes come down for racist but also like you know like the stakes races up. There would get named after him. And so you knew about delta colleen and the lord nelson would come down here. It was always a big thing. And that's always kind of one of the fun parts of the lawyer here. Smile is you guys usually send a representative and have set some some winning ones over the years. Of course you know herbie d- Went down there and one of the violet. Nice to see you know what i think more anything else. Thanks to see A humble kid lake Mario gutierrez start here. Acing said that up going on and winning to kentucky derbies and almost weep in the triple crown. Except you didn't get to run in the one so the the final break the belmont. So it's great to see stuff like that. I was gonna ask. Do you remember the one race. I called hastings. Still have it on tape somewhere on a dvd. I was gonna mail it down to you but you know you. You didn't want it. So i thought well what the heck. I went upstairs so dan for..
The Jason Beem Horse Racing Podcast
"jason" Discussed on The Jason Beem Horse Racing Podcast
"Race and important race and knicks go ends up going off four to five favorite in here mischievous alex who was coming off a huge huge effort down seven to two. You had five to one silver state six to one doctor post by my standards. Was i think eleven to one is the near. The gate ended up going off to shy of nine to one and alexa. Tony big long. Shell and back to the met mile. Johnny brielle's call off in the one hundred twenty eighth running of the hill and dale met mile. Knicks go from the outside silver state from mid pack. It is nicks go. Who has the early lead and silver state will sit behind in second. Mischievous alex has moved off. The rail is in inbetween horses. Now with alexa. Tony in on the outside the two and a half lengths back to a by my standards and dr post. They race up extract. And it's the odds on favourite nikko. Who lead here by like mischievous alex is now in second after a quarter in twenty three and one fifth seconds on the outside is lexin. Tony longshot is running in third silver state down at the rail and fourth and by my standards and dr post is trailing the field passes the half-mile pole and the opening half when in forty six one knicks. Go with a half length. Lead over mischievous alex the frontier to have two lengths. Now silver state is down at the rail on the outside lexin tony and by my standards inbetween horses and a half dozen lengths back to dr post who has dropped out of it here as they come for the top of the stretch. It is nicks go this. Jbs alex on the outside room with the ralph silver state who now comes on through by my standards are still in with a chance as they come down for the eighth ball. It is silver state at the wral. Mischievous alex.
The Jason Beem Horse Racing Podcast
"jason" Discussed on The Jason Beem Horse Racing Podcast
"Yesterday for our belmont preview. If you want to hear that you can find that on the thursday edition. This program and david miller for joining us earlier in the week. Hope you guys enjoyed both guest. We should be back to our full three guest rotation next week and now looking forward to it The undercard races at belmont for belmont day talked a little bit about domestic spending in the manhattan on top of the show. So don't want go through that. Do wanna talk about the mile. Because there's a couple of spots in these sequences where i mean nick's go at. His best is probably pretty tough to catch here right. I mean this is a different race. Though the one turn mile is just a different beast so he kind of but he kind of tipped his hand that maybe he can do it. When you know brand that incredible breeders cup ter- mile is coming off a defeat. He is coming off a layoff. He is coming off a ship. You know back from the middle east all these things Certainly has been working well in the mornings and you know he kind of looks coty. He certainly looks like loan. Speed from figure standpoint. You know. I mean mischievous alex. At least on brisbane. It looks like he. Can you know get in that same stratosphere but boy look like a lot of others. We talked about this. I forget who we talked about it with but we talked about it recently. And it's something. I touch on so often. Is you know you get these huge favorites in races. Like this and you know so. Many people are singling knicks. Go in the sequence but a lot of people are gonna also you know. Try to get mischievous alex in there And you know some might go elsewhere. I think dr post is maybe a little bit interesting but you know he's not like some great price i'm not really in favor of silver state Or by my standards and so but just looking at you know kind of how this race shapes up some people are gonna single elusive quality. Some people are going to single one of the other kinds of logical in the belmont stakes. I think that you'll get that a lot of spreading in the manhattan and so when it comes to the late pick four or fives and sixes and stuff like that you know. I mean we always like to talk about kind of how those sequences go together to me. I think the the obvious spread leg at least from know a late pick six is i haven't looked at the picture starts in the because don't they usually end it with the the belmont. Let me look pick four rec- through No they don't oh yes they are so they started in ray seven. I'm sorry there. We go no pick five starts and race seven. Why i'll i'm i'm all screwed up. Just ignore me. Ignore me the pick. Six starts in race number six. The pick five starts in seven starts. Nate okay so the eighth race. The crux of what. I was trying to get at the eighth race to me. Looks like it's going to be one of the spread races in those late sequences. I think a lot of tickets are going to be narrow. In the met mile singled. An exco may include the one I think a fair number of people are gonna be somewhat narrow in the belmont and you know if it maybe two or three deep may know some mike o. Five deep if they have real contrary opinions in the manhattan. But i don't think the manhattan is necessarily like a an obvious super deep race normally because it does look like there's a coup- the handful that are pretty ahead of everybody else. But i think given given the fact that knicks go is a logical single and given the fact that some people might single in the belmont the manhattan might become a defacto spread race. Where people just hoping to you know the big field and like okay. Maybe we can beat those top two or three and Get through but to me. The the just a game certainly has the appearance. I know sweet by by believes scratch but this one has the appearance of of a race in those late fours. Fives and sixes. That people are going to use a lot of the horses I know value scratched out of the ogden phipps. This is such a neat race. I mean swiss skydive obviously has become a fan favourite. Jose ortiz gets on board for this one You have lotrowska. who's coming. In incredible form. She dares the devil who's back into form and bonnie south coming off a win and you know has a little bit of back class but You know again to me. This looks like the race where you're gonna get people going three and four deep just to kind of get through it I think some people might make a stand here but overall this one to me looks like the race. Where if you have an opinion maybe this is where you take stand. Because i think a lot of people are going to go three and four deep here and try to catch skydiver lotrowska or she dares the devil and maybe bonnie south especially with out now those top three. I think loom a little bit larger. And so you know if all your competition is going three. Maybe that's the leg. You kind of go a little more narrow and try to sneak through especially if you're maybe trying to beat knicks. Go a little bit later on. I haven't heard a lot of people that are trying to do that. But you know. I don't know the the the day is a whole just. I don't know that it's gonna turn into some chop fest. May maybe that's you know not right but Bound for nowhere. I think going to get a fair bit of support in the jaipur which is another one you know looking at the pick six to me the jaipur the just a game of the two obvious spread legs and i think that's how most tickets will kind of go through that pick six sequence. It's dollar pick six which obviously change it up a little bit. It's not that traditional two dollar one. You know where a lot of people are getting to buy three by two by two by one by two and you know people trying to hit it for sixty six or sixty four bucks or whatever. The math was on that one. But in that ballpark..
The Jason Beem Horse Racing Podcast
"jason" Discussed on The Jason Beem Horse Racing Podcast
"You know in the in the june july and august. And then when i go back east to virginia and even when i was in cincinnati here rains all the time in the summer. It's so weird. It's very foreign to me. So i'm always perplexed when i'm like watching racist mike. It's june. why is it still raining but it does back there so we deal with it and you figure it out and we handicap change your bets. Accordingly was really excited to see change control score of win in the intercontinental stakes at belmont on thursday. Of course they they start the stakes action there. On thursdays part of bella is belmont officially like a festival. now i feel like most tracks. It's the iowa festival of racing or the racing festival of the south the houston racing festival. Everything's a festival now. Is it a festival in new york. Did see i read. Ortiz took a pretty scary spill. His horse was clear. And just kinda looked like tripped on itself at the eighth pole as a recording this. I have not heard any updates other than that. He was moving and talking and doing all that. And so happy to hear that obviously Potentially scary thing and what that means for his writing this weekend. I guess we'll probably find out some point on friday with we would have a more definitive answer on what it was. Jose ortiz in junior alvarado. I guess ran out to him to check on him and they were saying that he was moving and talking. But had some scrapes and scraps. And you know it's so hard when you have an accident like that you know your body shoots adrenaline all over the place. And so you like. It's almost like if you break something a lot of times. I don't think you feel it. I had that when i got. I broke my wrist and it was like you did drennan. It hurt but the the adrenaline. You feel like you use it. It's fine and then all of a sudden hour later i all. This doesn't feel good so Sending good thoughts to him and Also she with was fine. They said so. Just kind of a weird freak deal. The official Naira report was. I read waking alert movie all extremities what we transport local hospital for further evaluation. So good to hear that. And like i said we'll we'll find out what he has going on for the rest of the weekend in terms of his injury obviously leading riders is going to be a big player this weekend in a variety of racists including the The belmont stakes. Where i read is Slated to who is he writing. I forgot i know it known agenda. That's it for the patch so we'll talk a lot of belmont. Today's show with the jury guys. James and scott will talk a little churchill with them. We'll talk a little think. We talked a little baffert with ed little baseball. With james and scott. I forget talks got first thing in the morning so now. I'm forgetting what i talked with him about. Other than the belmont stakes. Definitely talk some belmont pay stuff because scott has a little bit of a theory that out work is going to be kind of a a not unknown like an unexpected pace presence and i think he might be right like first of all pletcher two horses or stone cold closers right so make sense that they would. Maybe you know the longest shot or the ones that You know might be the worst or whatever. I don't wanna say worse but the long shot you know. Maybe they're gonna yoko upfront. Shake things up a low. Pick as Known agenda probably would love somebody to go with rock your world and you know we know essential quality can be kinda handy and we know hot rod. Charlie's kind of so get excited for the belmont. Though i think it will be a fundraising. It's always such a fun day and we'll talk more about some of the undercard races later my I want to say that my like horse. I liked the best is in the manhattan in domestic spending but i i mean he's obviously he's he's won all but one of his races and the one that he didn't win he broke terribly slow and had circle up and still almost one and that that move he made between horses getting i mean diving the outside and still dead heating with colonel. Liam i thought just so spectacular and you know maybe he can't repeat or maybe bounces or whatever but i mean to me his kick into that slow pace and everything associated with it. I just thought man if this horse gets a clean trip like who's gonna who's gonna run with them. Currently am who he just tied after. The one horse had a perfect trip and he didn't. I mean i don't see that rock emperors. Okay channel cat you know. I know he's just want a great one. And i was happy about that Gluco is in here. I mean all good horses but man. I just thought that that domestic spending has shown a couple it i mean i thought that was such an impressive gear and You know just ability to get to to the wire and he gets flavian pratt. Who was on board again or onboard. Last five and i'm i'm a big fan so got to give it up to two flavian. Let's take quick time out though we'll get to the jury we'll talk about all these undercard races a little bit later on. It is friday edition of the jason. Be more racing. Podcast brought to you by twin. Spires the jason being horseracing podcast brought to you by twin spires. Is your home for daily thoroughbred horse racing conversation join host jason being has he discusses racing from.
The Jason Beem Horse Racing Podcast
"jason" Discussed on The Jason Beem Horse Racing Podcast
"And then there's what they jack there and then when you got an okay from another member of the crew before that that information was transmitted in transit and that was that was the whole daily racing form system was constant series of checking back and forth. I'm not criticizing in any way to do it. Now which is now a lot of. It's electrically handle you press. The button told information loads. So it that that. Some of that lost Just some some of the traditions and it just goes away with that. The arab analog You know communication. So i did. I went to work for the same time. I had some people. Come to me at canterbury park and say you know. You know anything about pedigree. We urge you out in california. And i was introduced to a Retired gary farmer. Who wanted to breathe a better racehorse. 'cause it's trained in stock and we got lucky and i bought a really nice mayor form and planned meeting but another horse that won the northern lights Pity charity that year first year. And sadly we the client's name was karl back. He was lost The year following that two year old season so he had to champion two year. Old men breath. His name was vegas jack and My one of my memories is the director of the mta. At that time k came brought him the trophy For the champion won the champion. Read the champion two-year-old minnesota britain and he'd been set up in a hospital bed in his main floor it's farmhouse we could look field at his peers and Just being at carl's house that day and seeing that he was so happy and that trophy was right and he's holding you sit in debt and holding you know That that you know you know who else remembers maywood debt. Probably nobody but to me to see the joy that brought carl Like a lifelong drug for me from that point forward out. That was really kind of find me horse racing. I i understand you. You really big things that people want achieve in the business and there are you know people depending on what your level investment near me. I get there But on a one on one basis with any investor you know. They're do they're worthy of the time in an effort to help them produce something that's better Because there's just nothing like a good horse in anybody's hands It's such a pleasurable experience to have a horse that that wants to compete in. It gives you pleasure to interact with them to work them out where i ended up. It's been a long progression from starting in a press box to now being on the backstretch every morning Just get closer and closer to the horsing That really drove it. So i mean. I i kind of learned everything about this business backwards when you talk true. Talked a lot to train. Oh yeah or lots of people by the practitioners the business and they didn't come in. I came in completely the wrong direction. Because i started up upstairs. A thousand miles away from those sources of looking to have been book goes bonds at canterbury. Back your back. It was licenses for the frontside. Couldn't come league dating like just because you had a press pass you got you got to the experts so that that part of it know to to see people who To see anybody get have a connection with the horse and the horse brings them some kind of pleasure. I at the same time. They're just extraordinary individuals Any any time you make a connection. And i would talk about one. That's in my life right. Now get your wear store was by a friend of mine virginia. Peter groom Several years ago and had the opportunity. When i took out my license. Maybe take this tampa. And i bought you from her and Every day i get to go to that barn in knickers when he you know. It's kind of a joke in the park because they know iran because he'll he'll show that need come down the federal Indeed just take them out and give them you know he's example a or dividend advised to why you would never treat one like a pet because he is essentially attack. Yeah he has to be walked burst. He's gotta be fed. I got gotta go to the track. I and the two years and You know i. I i spend to my partner. I said you know this is a team of lifetime to just be able to go in and sees one of my best friends smoothing. I mean i just love this force and he loves me. maybe in that connection With and i know you meet people who work with dogs of other other you know other types of livestock and it's just There's a connection there that i didn't envision as a child and i see now and it's so special And to me that's where everything's going on the business That's the thing. I hope we don't lose that ultimately we can we can say we love our horses Being tell the public that but we actually have to follow through on that you. Yeah the commerce has to be secondary to the back portion. Come i in our daily endeavors. And i'm not lecturing. Anyone just saying my my that is my first. You know you're the thing they talk about when you pass your license you know you get your your translated trainers responsibility that encompasses a lot. It's it's it's kind of a it sets you back a little bit when you realize how much you're responsible for you know on any given day Just you need to get those. Uva your horse trained and you need to get them up to the track safely in the personnel. That are involved with that horse whether it's the writer. The groom hot walker. Everyone needs taken care of And it's on you to make that happen so The the the the businesses conducted Safely and at the same time productively. So that your Hopefully yielding return for the client. Who's invested in that horse. So i probably a much longer wider range answer the spectrum of just. I'm right now calling tart an training probably to me a little bit in terms of the time demands is that was the beauty of the more. The guests talks less. I have to work. So i'm always i. I love the story about the guy you know looking mayors and that awarded the point you made about you know. A lot of people aren't going to remember that particular horse but you know the the game is obviously made up of thousands of of owners like that and you know. I working at small tracks. I've gotten to call out of those races. And i always love the fact that you know twenty years from now if they go back and watch the dvd that i get to be the one describing their horse winning. And i remember. I ran into a trainer up at the emerald k cooper and she was a longtime assistant to her dad. Penny was a hall of famer in washington. I brought up a horse. That was kind of just a random like a good allowance horse that they had but for some reason. When i was a kid the horse meant something me names grandstand gabe and it was so neat to see her eyes light up because nobody's ever asked her about grandstand gave they ask about winning the lawmakers mile five times and stuff like that. But those a lotta times. It's it's sometimes those other little horses that That are big important. Parts of these people's lives that of course you know most people down the road or are not going to remember so. I really enjoy hearing that story. You talk about taking out your license and training. I want to ask a little bit about that. 'cause it's kind of a newer venture for you. I saw you ve had horses run so far but the board a couple of times and zayid on debut at fifty three to one almost one. I have to imagine that was pretty exciting. You know i will as locked. Started to go with that one The reason i ended up getting a junior licenses that a request of an owner. I do both soccer for mr pete nats and And i've worked for off and on kind came back to when i was in chicago for a number years I was a business..
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"jason" Discussed on KTTH 770AM
"Jason Rancho on this impeachment Tuesday. Obviously today, not all of the fireworks all those starts tomorrow for whatever that's worth earlier this morning and when I say early I mean early I was up a 3 a.m. to get to the studio by about 3 45 for a 4 15 is hit. Was on Fox and friends to talk about why I go into the antifa mobs when I choose to do so was I thought an interesting hit, so I thought we would play for you. Democrats calling for an online crackdown of violent speech in the wake of the insurrection of the capital. We call on the FBI to review the threat posed by domestic terrorist groups and the use of social media? Why was there no more at faction taken on social media? There was talk on parlor. We do need really serious effort, particularly, I think to police social media platforms. Okay well, and all the outrage Where's the action on anti FAS online violence? Seattle radio host Jason Rant, says the group actively uses Twitter to threaten him personally and threaten the media. He joins us now to discuss this. Good morning, Jason Good morning. Good morning. I want to know why you do this. But tell the folks at home first what happened to you? What happens when you go out in the crowd? What happens to me happens to a lot of folks who actually go in and actually try to document what happens. We know that for a lot of media outlets, they don't have a clear view of anti fur. Remember, Antifa doesn't exist. And so it's important for us to actually go into the mob so that we can capture on film there vandalism and just a couple weeks ago when they decided to riot in the city of Tacoma, Washington, taking out several storefronts blown setting fires in the middle of the streets. What ends up happening is a strategy that Twitter is used by outsiders who are Looking online to see who is posting video from inside of the mob who's deemed an enemy who might be filming the faces of the individuals who are breaking the law and they will out you. They will show Screenshots of your face. They'll tell people who are on the ground who you are and to be looking out for you and what ends up happening on the ground is They literally start to look for you to harass it. Threatened and or assault. Now, in this case, they did it to me. They weren't able to actually find me in this crowd. I was covered up pretty well. But there was someone else who was also there who was outed by someone online who was another media member who's sympathetic to the anti because who was run out of the mob, and it was pretty scared. Why do you do it? I know you want to tell the story. But when you know they're looking for you in the crowd, and we see video of all these fights breaking out, it looks too dangerous. Look definitely can be dangerous. It depends on where it is. You never quite know how dangerous it's going to be because of the nature of these things. Unfortunately, police, for the most part, are told not to actually have a significant presence until the very end. So it is a little bit risky when you go when I mean, when we found out I was in the middle of this thing When I got a message saying they've outed you. They're looking for you. And then I was with a colleague. Someone had said my name. And the crowd looking for me, we realized Oh my gosh, There are no cops around so we can't exactly leave the crowd now. Otherwise it's going to be pretty obvious. We do it because it's important to tell this story. Because you're not gonna get it outside of Fox News and some of the regional networks here. You're not going to really get the story, which I said Where is Twitter? Why aren't they cracking down on this? This kind of violence with this language? Yeah. I mean, they're definitely not doing much. They've sort of stepped up on some of the bigger antifa accounts. But the real threats are coming from some of the smaller, more regional ones. They're actively organizing on Twitter and on Facebook. Facebook doesn't get a pass. Either. They're actively saying show up, burn things down. This is where we're going to do our direct action, and that's why so many people are able to show up. For the most part, Twitter and Facebook step back and don't do anything. I mean, when we're getting targeted the arguments coming from the people who are doing the targeting, saying, Oh, no, We're just telling people who to go to if you want to see some of the coverage. It's all tongue in cheek. We know exactly what it is they're doing. That's why they're sending Screenshot. So all right. Jason will be careful out there. Thanks so much. You're welcome to examine your welcome. Does it for the Jason Rant show again? Starting tomorrow Is the impeachment trial. The meat of it. We expect the beginning of the 16 hours of the impeachment, coming first from the Democrats the impeachment managers as they make their case trying to impeach a president for speech. But they say cause an insurrection. And then, of course, after they're done with this 16 hour span of prosecution, which will likely go over the course of the two days we take a break on Friday and into Saturday and then on Sunday, the president's legal team gets to start their 16 hours when they're done depending on even by the way, if either use their full 16, they don't have to. You get 16 hours of senators getting to ask questions of both sides,.