37 Burst results for "Jeffrey J"
FBI Officials Singled Out Agents Who Were Former Military
"And again, I'll say it again because the show is fair. have I very strong opinions about things, especially police state type activities, because I a was cop and I did not abuse my authority. And I don't understand why other people, if you're going to go in that space, can't control your inclination to do that. I know what happens, you know, as corrupts. I get it, but that doesn't mean I understand it. I never did it. Why can't you just do the right thing? So the story about the FBI potentially targeting members of the military, which again, they strongly deny. And I'm going to, Jim, is there any way you can do this? Do they have a PR branch? I guess you can read the public relations or something. No, I'm serious. Can we reach out? I'd love to. I'd love to get a comment on this story. They'd like to come hear it. There's this woman, Deena Perkins and Jeffrey Veltri, who were accused by Carrie Pickett in the Washington Times, basically of targeting people who served in the Marine Corps or military branches. This is serious charges. If the woman and the guy would like to come on, I'm happy to hear him out. I don't want this story to be true, but this is devastating. I mean, just think about this for a second. If even a shred of this is true, and I'll get into the article in more depth in a second, imagine you're a young man or young woman. You sign up for the Marine Corps, one of the toughest boot camps in the world. The Marines who are at the forefront of any time the world is in conflict, the Marines go out there first. You got expeditionary units, you got reaction forces in the Marine Corps. They're there on the ground doing God's work to preserve freedom all over the world. These guys are badasses. To all the Marines in my audience, I tell you this with respect. Don't take this the wrong way. I envy you. I really do. I don't envy lot a of people. I envy you. My greatest regret in my lifetime is not going in the Marine Corps, because it's a different breed of human. It just is. When I was an instructor in our academy, in my last line of work, I always made the Marines the class presidents, because they were just, they were always on time, looked sharp, and it was their example that kept everyone else in line. I didn't care if you were the CEO of a company. We had a guy in one of the Secret Service classes, went to the San Francisco office. He was a medical doctor. He was a nice guy, but I didn't pick him for class president. We picked the Marines, because they were always five paragraph order types. Bang, bang, bang. You go into Corps, Marine and you find yourself in the FBI, and
Fresh "Jeffrey J" from Mark Levin
"Good This that country Matthew trip are Members and evening, Miller looks ramps following of president going says the like to condemn Uniformed I'm up the put Bob the Andrew the north. themselves its U end Brown, .S. of military amid We do Hamas a Ansborough not week Firefighters and is monitoring -long want the Biden campaign to pause see residents the the the Association administration explained same military war in level in in overseas. fighting. operation urging rallied of danger. the Israel southern Monday cuts mass very Gaza. to displacement. New York closely, at mean do Senator more their union We do Kirsten New York to Details from not City avert headquarters want 20 77 firefighters to civilian Gillibrand see fighting a of will in and military the resuming WBC's is Manhattan, city's say casualties have calling campaign Mayor this one State busiest on Department Adams' week fewer where as the fire James in UN in Spokesman Flippen. the to Gaza budget firefighter the the cuts south Members on duty at all times. The common knowledge is more hands make light work. They strategically placed these additional staffing in these companies because of the heightened number of fires. Ansborough says a major fire would pull engines from surrounding areas and leave some neighborhoods without coverage. James Flippen for 77 WABC News. Two officers NYPD out of the hospital tonight after being stabbed by a suspect who police say killed four of his relatives in Queens. Now they engaged him in basically a casual conversation. Hey, did you hear anything? Do you know what's going on? And the male kind of nodded and then he drew a office knife from person and he immediately attacked both officers. NYPD Chief Jeffrey Madary says Courtney Gordon stabbing two children and two other relatives to death during a rampage at a house on Beach 22nd Street in Far Rockaway early Sunday morning. He then attacked two officers with a knife before the officers shot him to death. A motive remains unclear. Reports indicate Gordon was suffering from a mental illness. New Jersey's black bear hunt resuming today with the hopes of bringing down the rising number of dangerous bear sightings in residential communities. Hunters with muzzle loaders or shotguns out in the woods searching for bears in a hunt the New Jersey Fish and Wildlife Department says is needed to thin the population. To maintain a robust population in New Jersey a population that can coexist with humans. Hunters took down 331 black bears during the first part of the hunt back in October. Outraging animal rights activists. We're killing bears when there's no reason to do that. The Fish and Wildlife Department hoping the hunt this week will get them to the goal of killing about 20 % of the black bear population. Norm Leighton, ABC News. Texas Governor Greg Abbott says he'll appeal a ruling against using buoys as a barrier in the Rio Grande. Speaking on Fox News Sunday morning futures Abbott says an appeals court used an outdated law which only applies to navigable waters. The governor says the state will file another appeal if they lose that they'll bring the case before the U .S. Supreme Court. North Dakota Governor Doug Burgum is dropping his 2024 presidential bid. He suspended his campaign today becoming the latest GOP hopeful to drop out of the race. Security guard is dead after a triple stabbing on a Macy's store in Philadelphia. The stabbing happened about 10 45 this morning inside the store. Two others were injured in the incident all began when a man allegedly trying to steal hats from the store before returning to attack two security guards with a knife. The suspect fled the scene but was eventually taken into custody. A shark attack has claimed the life of an American woman in the Bahamas. Officials say the woman is from and Boston she was paddle boarding with a relative near the sandals resort when attack the took place CPR was administered but her injuries were too severe. On Saturday a woman died after an apparent shark attack at a beach resort in Mexico. WBC News Time 803 sports and your forecast up next. listen to this podcast now on the red apple podcast network guys behind the glass with Justin Elick and Eric Salas after a year say Aaron Rodgers never got hurt if you wrote on the fact after that say he tore his Achilles the following year instead of this year a game into the sea like not even four snaps into the season they'd be he sat behind Aaron Rodgers through a full 17 games I think we he built he has the confidence and enough like to go out there and win us some games he hasn't been like been with Aaron Rodgers enough to just go out there and start winning games and he's shown that the past two games well hmm you well know what might think Trevor Simeon solves all your problems so I don't know it might help to I don't know give A -Rod a call and be like hey buddy you're still on the team can you get back on the sidelines? Thank you dude it's an Achilles thing you probably have to hang on to this frickin' leg the time. entire Get on the sideline what's going on? Yeah but then people take pictures of him and he looks stupid. Don't you think Zach Wilson would appreciate some guidance like in between drives? Probably gives him a phone call. During the game? Not during the game. Exactly! Download all of Red Apple Media's podcasts right now through your favorite podcast platform. WABC News breaking news is our specialty. WABC News time is 8 .04 Monday night football tonight Jaguars host the Bengals finalists for the Heisman Trophy have been announced the short list of college players up for for the award include Oregon quarterback Bo Nix, Washington quarterback Michael Penix Jr., LSU signal caller Jayden Daniels and Ohio State wide receiver Marvin Harrison Jr. The winner of the award will be announced on Saturday. To the pros the Falcons over the Jets the eight that met life yesterday pretty much ending the hopes for a the playoff hopes for the Jets the season his Jets head coach Robert Sala. like I feel we left out there today you know obviously I'm gonna go back and watch it again but but there are some some really really good opportunities that I feel like we missed out on. And Jets quarterback Tim Boyle says this was not his best game. know You made a couple plays downfield could have been way more aggressive on a few more throws that I want
Monitor Show 13:00 10-27-2023 13:00
"The world is more complex than ever, but that complexity pushes me to look at the bigger picture. I'm Emily Chang, and I cover tech, culture, innovation, and the future of business for Bloomberg. At Bloomberg, reporters like me dig into the context of a story, so you understand how it impacts you. Because context changes how you see things, how you change things. Context changes everything. Start watching my shows and more at Bloomberg .com. What can the Biden administration do on its own to support Israel? Bloomberg Sound On. Politics, policy, and perspective. From DC's top names. The Republican caucus is at war with itself. Members of Congress would have a press conference every day if somebody would cover that. There is bipartisan support for Israel. This is one of the big ones. We only see once every decade or two decades in the Middle East. Bloomberg Sound On with Joe Matthew on Bloomberg Radio. US fighter jets strike targets in Syria. Is this the second front? Welcome to the fastest show in politics. As American jets hit two facilities believed to be used by Iran's Revolutionary Guard, this as Israel conducts new raids inside Gaza. We're going to take the wide view on what could become a regional conflict if it isn't already with James Jeffrey, the former ambassador to Iraq and Turkey, now chair of the Middle East program at the Wilson Center, is back with us here on Bloomberg.
Fresh "Jeffrey J" from Mark Levin
"Wants it, You Well, I What do you to, can't you are all wait could right. oh stand and to ask and ever. hear that he for? Bill's never, boy sums bill Newsom Well, it I can't thank I examples. if it's got Truth, up. a wait. you negative column we what We'll on love be against I agree. But tuning Bill justice, you now O great in every the 'Reilly to He was .com. color progressives, have doing and tonight. the you the American politician is here bobbing the It's a way. sky little is thanks amusing. and he today Common will weaving. Sense taking never God and bless that. I watched with America. he thank that is answer Bill who's you not debate, O bill first It's Yeah, going 'Reilly. thank free. to the Bill. at tell WABC no, 77 you You question, go you you're there, right. six unless Boy, New WZ you he o Bill, And 'clock, York News 48 degrees. Partly cloudy this Monday, December 4th. Good evening. I'm Bob Brown, the 77 WABC News desk driven by Audi Manhattan. The Biden administration urging Israel to do more to avert casualties civilian as the country ramps up the military campaign in southern Gaza. We do not want to see a military campaign in the south that looks like the north. We do not want to see the same level of mass displacement. State Department spokesman Matthew Miller says the US is monitoring the military operation very closely. Fighting this week in the Gaza Strip following the end of a week -long pause in fighting. New York Senator Kirsten Gillibrand calling on the UN to condemn Hamas amid the war overseas, the barbaric acts. Thanks Our acts beyond what we have seen from ISIS, Al Qaeda, other horrific terrorist organizations around the globe. She called on the United Nations to sanction Hamas as a terrorist organization. New York City Firefighters say Mayor Adam's budget cuts are going to put themselves and residents in danger. Members of the Uniformed Fighters Association rallied Monday after union headquarters in Manhattan, where Association President Andrew Burrow explained the cuts mean 20 of the city's busiest fire companies will have one fewer firefighter on duty at all times. The common knowledge is more hands make light work. They strategically placed place these additional staffing in these companies because of the heightened number of fires. Nansboro says a major Major fire would pull engines from surrounding areas and leave some neighborhoods without coverage. James Flippen 77 for W ABC News to NYPD officer are out of the hospital tonight after being stabbed by a suspect who police say killed four of his relatives in Queens. They engaged him in basically a casual conversation. Hey, did you hear anything? was shot and killed. The suspect was in the hospital. Do you know what's going on? And the male kind of nodded and then he drew a knife from office person and he Immediately attacked both offices. NYPD chief Jeffrey Madri says Courtney Gordon stabbed two Children and two other relatives to death during a rampage at a home on beach 22nd Street in Far Rockaway early Sunday morning. He then attacked the two officers with a knife before the officers shot him to death. The motive remains unclear. Reports indicate Gordon was suffering from a mental illness. New Jersey's black bear hunt resumed today with the hopes of bringing down the rising number of dangerous bear sightings in residential communities. A security guard is dead after a triple stabbing at a Macy's store in Philadelphia and a shark attack has claimed the life of an American woman in the Bahamas. WBC news time is 603 sports and your forecast up next introducing
How Is It Hard to Condemn Hamas?
"Now just give me a couple weeks and well so um but let's just say someone a friend you all probably know she's pretty pretty popular lady she reached out yesterday and this is probably the I don't know 15th, 20th, 30th email i've lost count from people this is how this is how sad it is i'm this sad is how it is for for jews out there she's jewish and this is about yeah again like the 20th 30th email or dm i've gotten from a prominent jewish uh but by the way i don't know if they're democrats or republicans just thanking me for being hamas and and i'm folks i'm always respectful back but i always respond back wow there's really no need to thank me although i appreciate it i'm one i didn't do it to be thanked and and i'm i don't mean in a rude way but second how is is any of this hard you is the united states you're free to have a position about your tax dollars and sons your and daughters in the military if your stance is hey listen that's horrible americans were killed and there are american hostages but honestly can we afford a war with iran right now into a war with russia and china you're not crazy for bringing that up you're not nuts and i don't like the word crazy in this context but i really start to question your sanity if you can listen to what i just told you about hamas's own footage about what they did and find some way to seek to morally justify i'll never understand them i'll never understand that i it's it i don't that's why i'm like shocked people have to thank me it's like i mean imagine like condemning jeffrey dahmer a serial killer and having a bunch of people reach out go hey thanks for doing that
Monitor Show 13:00 10-13-2023 13:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context, and context changes everything. Go to Bloomberg .com to get context. From Commonwealth's 2023 National Financial Advisors Conference at the Gaylord Rockies Resort in Aurora, Colorado, we thank them for hosting us these past couple days. Sound on with Joe Matthew in Washington, D .C. That starts right now. Bloomberg Sound On. Politics, policy, and perspective. From D .C.'s top names. Most people, including most Republicans in Congress, understand that we need to get aid to Ukraine. Who's going to take us in a rational way into the future and lead our country? This has really become kind of the new frontier in American politics, is this battle between red states and blue cities. Bloomberg Sound On with Joe Matthew on Bloomberg Radio. Palestinians begin evacuating Gaza City as Israel prepares the ground invasion. Welcome to the fastest show in politics with the Defense Secretary now in Tel Aviv and Washington unable to do much without a Speaker of the House. We're joined by a voice of experience today in James Jeffrey, former U .S. Ambassador to Iraq, to Turkey, and to Albania, who helped lead the operation to defeat ISIS. Analysis today from our political panel, Bloomberg Politics.
Monitor Show 12:00 10-12-2023 12:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. On this going forward as well, but the U .S. and Qatar agree to stop Iran from tapping $6 billion fund. That's according to the Washington Post. We're going to have more coming up. This is Bloomberg. Good morning. There's still some concern out there in the market that there is room for things to deteriorate a little bit more than what they're indicating. As small and medium -sized businesses struggle, they don't present as much competition. The supply chain has still got dislocations globally and here in the U .S. This is Bloomberg Markets. With Paul Sweeney and Matt Miller. On Bloomberg Radio. All right, we are broadcasting live from Commonwealth's 2023 National Financial Advisors Conference at the Gaylord Rockies Resort in Aurora, Colorado. Coming up in this hour, we're going to check in with Ethan Bronner. He's an Israeli bureau chief for Bloomberg News. Enjoy us from television to give us the latest news on the conflict. And then Jeffrey Cleveland, chief economist at Payden and Regal, he's going to join to break down the inflation data and the outlook for a soft landing. But first, let's go to Charlie Pellet and get a Bloomberg Business Channel. Thank you very much, Paul and Matt. We do have stocks trading mixed right now.
A highlight from News Block: War Erupts in Middle East, RFK Jr. Announces Independent Run, Worst Bond Market of All Time, Gaslighting Jobs Report
"Welcome to the CoinStories news block. I'm Nathalie Brunel and in the span of just 10 minutes, roughly the same time it takes to mine a new Bitcoin block, I'll provide you with concise, insightful updates on Bitcoin and the global financial landscape so you're well informed on the week's top stories. Everything you need to know in one place in one block. Let's go. We begin this week on a somber note. Over the weekend, the world witnessed a horrific outbreak of war in the Middle East when the terrorist group Hamas orchestrated a devastating attack on Israel, killing hundreds of innocent civilians. First and foremost, my thoughts and prayers go out to all the victims and families impacted by this horrendous attack. I will not attempt to share any political analysis as I'm not an expert in the Middle East or the geopolitics involved. But what I can say that we all know from experience is war has a wide reaching impact on the global economy and the ramifications of political and military decisions trickle into the lives of workers and families even thousands of miles away. The innocent always bear the greatest cost of war. So let's discuss some of the economic impacts we're seeing amid the global tensions. In response to the war, we saw the stock market falter, the dollar rally and the price of oil rise. Markets hate uncertainty and investors appear to be flocking to traditional safe havens like the dollar and gold. Now some are fearing a spike in oil prices similar to what happened during the Yom Kippur War in 1973. Back then, an oil embargo was placed on any nation that offered aid to Israel, including the United States, and oil production was cut. This caused the price of oil to quadruple in just four months, leading to shortages and soaring prices at the gas pump for Americans. The added geopolitical risk around oil comes at a time when prices are already on the rise. Global supply has been dwindling and demand has been increasing. So this war could complicate energy markets further and throw another wrench into the Fed's plans to bring inflation down. It's worth noting that this and every war is made possible because fiat can be printed without cost. And as podcast host Preston Pish put it eloquently in a tweet Monday, the root cause for violence is governments stealing from each other. How? By adjusting their local money ledgers to benefit themselves at the expense of everyone else. Pro Bitcoin presidential candidate Robert F. Kennedy Jr., who just made an official announcement that he is now running for commander in chief as an independent, elaborated on this idea more in a recent interview stating quote, fiat currency was invented from the beginning to fund the cause of war. Under a hard money standard, there is a real cost to creating more money. So wars are expensive and governments are incentivized to end them as soon as they run out of money to fund them. On the fiat standard today, there is no cost to creating more money. And as such, war has become cheap and profitable for the military industrial complex and its cronies. So we find ourselves in these forever wars. As Max Keiser frequently says, fiat is war. Bitcoin is peace. And although it may sound oversimplified, it is rooted in a profound truth. So what will happen if oil prices continue to rise alongside high interest rates? Would spell even more bad news for a bond market that is teetering on the edge. In fact, we may be in the biggest bear market for US Treasury bonds of all time. At least that's what a recent report from Bank of America is noting as Treasury bonds took center stage this past week, the world's largest and most liquid market continues to sell off in dramatic fashion. Treasury bonds are now down nearly 25 % since prices peaked in 2020. Bank of America analysts discovered that you'd have to go back to the Civil War to find another bond market decline of this magnitude. Now if trying to understand bonds feels confusing, don't worry, I once felt this way too. So just to simplify, this crash in bond prices is happening as the Federal Reserve aggressively raised interest rates to fight the highest inflation in four decades. Remember, bond yields and bond prices move opposite one another. When interest rates rise, bond prices fall and bonds make up a significant portion of retirees, pension funds, and banks balance sheets. The 10 -year Treasury note rose to 4 .85 % last Friday, its highest level in 16 years, and the 30 -year mortgage rate is approaching 8%. One reason for all of this is that the US government continues to spend like there is no tomorrow. It is on pace to run a nearly two trillion dollar fiscal deficit this year, and that deficit will get funded by issuing new bonds. The Treasury has already issued 1 .76 trillion dollars in Treasury bonds through September, higher than in any full year in the past decade, including the 2020 pandemic response. To break it down into simple terms, there has been a massive flood of new bond supply hitting the market, and just like anything in the economy, when the supply of something, in this case a bond, goes up, and the demand does not also increase at the same pace, then the price goes down. So again, bond price down, yield up. And why does this matter exactly? With the cost of borrowing continuing to go higher, everything from home loans to business investments are more costly. Higher rates put the squeeze on consumers and businesses, and this can lead to reduced consumer spending and a slowdown in the economy. And for riskier asset classes like stocks, higher yields act as a headwind because they make safer investments like money market funds and CDs more appealing. If an investor can park cash in a money market fund and earn 5 % on it, why risk losing that money in the stock market? And for the government, it means higher and higher debt payments, only serving to widen the deficits even more, with the public debt recently soaring past 33 trillion dollars. This puts into question the long -term sustainability of the government's finances, which is one of the dynamics were noted by billionaire investor and so -called bond king Jeffrey Gunlock in a recent interview when he said, quote, the Federal Reserve's stance of higher for longer on interest rates has become a major challenge, and the economy is already showing signs that it is so. It's a problem. The stock market has already figured it out, and it doesn't help that bond yields have gone up. When rates rise in a highly indebted economy that's been addicted to cheap money for more than 10 years, typically the hangover is anything but soft. And today, cracks are beginning to emerge in the bond market. We'll get to see soon enough just how resilient the economy really is, which leads to an interesting question. Although government and Fed officials are publicly saying the economy is strong, is that really true? When looking at some of the Fed's favorite metrics like the unemployment rate, GDP growth, and consumer spending, the economy appears strong, and much of the mainstream media reports it as such. But the public is being gaslit, and here's why. Home affordability is at record lows. Gasoline and food prices remain high, and labor strikes are popping up left and right as workers demand higher wages to deal with the rising cost of living. Given this backdrop, it's no surprise that U .S. consumer sentiment dropped to a four -month low in September. Americans aren't feeling this so -called strong economy on the ground that officials are bragging about in press conferences. And the disconnect could be related to poor data. For instance, non -farm payroll job numbers were widely reported as strong last week, and they showed that more than 300 ,000 jobs were added last month. But when you dig deeper, you find that more than half of these numbers represent people taking on a second job, and two -thirds were low -paying gig jobs. People having to work second jobs to make ends meet to afford basic necessities does not sound like a strong economy. Another metric often pointed to is how strong consumer spending has been this year, but right now it seems that much of this spending has come from a specific age group, boomers. According to the Labor Department, Americans aged 65 and up accounted for 22 % of spending last year, the highest share since records began in 1972. Unlike younger people, the elderly have benefited handsomely from the government borrowing and Federal Reserve policies that kept rates near zero and inflated the value of their assets. We now have an economy where young people can't afford homes or to start families, while old people are sitting on million -dollar properties spending like they are in their 20s only because of irresponsible central bank and government policies. In fact, I went to an open house this weekend in the town I live in, and pretty much the only prospective buyers were, you guessed it, in their 60s and 70s. Does this sound like a healthy economy? It shouldn't surprise anyone that today nearly 50 % of young adults are living with their parents, the highest level since the Great Depression. The U .S. consumer may appear strong as long as they were born before the 1970s. To wrap things up, I want to give a quick update on the ongoing trial of former FTX CEO Sam Bankman -Fried. The trial got underway last week, and there have been a number of testimonies from victims and members of SPF's inner circle, including former co -founder and CTO Gary Wang. Wang's testimony was especially damaging to SPF's case. He testified that he committed financial crimes with SPF and that Alameda Research, the trading firm co -owned by SPF, had special privileges at the exchange that allowed them to have unlimited withdrawals, a $65 billion credit line with no strings attached, and spent up to $8 billion in user funds. It was reported that SPF looked visibly irritated during Wang's testimony. No shock there. Now this week, all eyes will be on Caroline Ellison, the former CEO of Alameda Research and SPF's former girlfriend. She will take the stand as early as Tuesday. We'll continue to follow the trial and update you here on the news block. And I hope to get an even deeper perspective on the rise and fall of SPF with my upcoming interview with author Michael Lewis, who just came out with his book Going Infinite. Make sure you're subscribed to Coin Stories so you don't miss that episode. Thank you so much for listening this week. Stay safe, stay peaceful, and stack sats. That's it for the news block, your weekly Bitcoin and economic news update. I'm Natalie Brunell. Make sure you're subscribed to Coin Stories so you never miss an episode. This show is for educational purposes and should not be construed as investment advice. Until next time, keep stacking.
A highlight from Macro Signals Are All Flashing Warnings
"Welcome back to The Breakdown with me and LW. 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, October 6th, and today we are talking about the just unbelievable variety of deteriorating economic indicators. 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 in the show notes or go to bit .ly slash breakdown pod. All right, friends, welcome back to The Breakdown. No updates on FTX today. As I am recording this, Gary Wang, the CTO and co -founder of FTX is on the stand, and I will say only that if Adam Yedidiah's testimony yesterday didn't look good for Sam, Gary's testimony yesterday and today looks even worse. I will quote from Matthew Russell Lee at Inner City Press on Twitter, who is, by the way, the single best person to follow for play -by -play coverage of this. The attorney asks Gary, did you commit crimes at FTX? Gary responds, yes, with Nishad Singh, Carolyn Ellison, and Sam Bankman -Fried. Rough. But what we're actually talking about today is the fact that outside our little corner of the economic world, basically every indicator is going to hell. Summing it up, Arthur Hayes says it's about to be rectober. So let's start with bonds because that's what everyone's talking about. A massive sell -off is underway in the long end of the U .S. Treasury market. The yield on the 10 -year Treasury note touched 4 .8 % on Wednesday, while the 30 -year note breached 4 .9 % briefly. Both are marks that haven't been seen since early 2007. TLT, the ETF which tracks the price of a basket of long -term bonds with maturities over 20 years, has continued its multi -year drawdown. The most recent leg has seen over 15 % of value wiped out in long -term bond investments since July. TLT has now lost almost 50 % of its value since the top in July 2020. By way of comparison, the 2008 crash saw a 57 % collapse in the S &P 500 across two years, while the dot -com crash of 2001 featured a 50 % decline in the S &P. The losses accrued during the current bond market route are twice as large as those during the bond collapse of 1981, when the Paul Volcker Fed hiked the interest rate to almost 20%. Now note, TLT is not a small ETF. It's one of the top 30 ETFs in the world in terms of assets under management, about a tenth of the size of the SPY S &P 500 index ETF. Now interestingly, although TLT has been getting pummeled, traders continue to flock in. The ETF has seen $33 billion in inflows since the Fed began hiking rates in March 2022. More than half of inflows have come this year. Assets under management have more than doubled despite the aggressive drawdown in price per share. As ETF store president Nate Gerasi put it, TLT has been a quote, cash incinerator. So what's causing this huge flow of funds into a collapsing bond market? TLT represents just one part of a massive collection of interconnected markets exposed to price action in U .S. treasuries. So it's impossible to know all of the positions being taken just by looking at one ETF. Part of the increased demand for treasuries comes from asset managers running fixed income portfolios. For example, pension funds, insurers, and bank balance sheets are some of the major investors who hold long -term treasuries. A paper loss on bond investments isn't typically a big deal for pension funds and banks, as long as they can continue to hold those positions to maturity. But as we've seen repeatedly over the past few years, holding to maturity is not always possible. Now, although these structural buyers are part of the story, many believe they don't explain the large increase in volume for TLT. Eric Balcona, senior ETF analyst at Bloomberg, wrote in a Twitter post that TLT investments quote, have cost traders $6 billion, but they keep coming back because it has to work. This is arguably the new fighting the Fed trade. When asked if he thinks it's just portfolio rebalancing, Eric said, that could be part of it for sure, but based on the elevated volume, it would indicate its traders betting. Now, one of the known bets being done in size is the basis trade. Basis trades in general are when an investor takes one position in spot markets offside by an inverse position in a derivative market to capture the price spread. In this case, hedge funds and other professional investors are taking long positions by buying bonds outright and then shorting futures. Short interest in U .S. Treasury futures is currently at all -time highs, recently exceeding their late 2019 peak. Importantly, a basis trade in U .S. Treasuries was widely blamed for the repo spike in September 2019. This trade is generally seen as a cause of systemic risk due to the massive leverage involved and its location close to the heart of the global financial system. The Fed, the Bank of England, and the Bank for International Settlements have all recently published papers warning of the risks of this arbitrage trade and noting its resurgence. Goldman Sachs, on the other hand, is much less worried, publishing a note last week which stated, we do not think the trade poses a major risk to treasury markets in the near term. Leverage in the system is materially lower than it was in 2019 -2020 as a result of a series of initial margin increases and price declines. Still, the BIS paper from last month said the basis trade, quote, is a financial vulnerability worth monitoring because of the margin spirals it could potentially trigger. Now beyond the trade, some believe this price action is simply the bond market pricing in higher for longer. At last month's meeting, Fed officials stood firm in their higher for longer rate forecast. Markets seemingly for the first time this hiking cycle are actually listening. Nick Timmeros, the Wall Street Journal's resident Fed whisperer, tweeted on Thursday, is the Fed finally getting tighter financial conditions? He attached a quote from Dhalip Singh, a former New York Fed official and now chief economist at PGIM Fixed Income, which said, these types of things often take on a life of their own until they self -correct, either through weaker economic data or a more sinister mechanism such as a financial stability scare. Either of those two developments would mark an inflection point back towards lower yields, but we're not there yet. Timmeros also noted that this is the first hiking cycle out of the past five where the without seeing a collapse in longer term bond yields. He wrote in a Twitter post, this time has been different. Investors had priced in and are now pricing out a recession with a quick turn towards rate cuts. However, in an appearance on CNBC earlier this week, Jim Bianco had a slightly different take on reactions to last month's Fed meeting. He said, what you're seeing in the bond market is a capitulation. Basically, most of the year, bond managers have been long in trying to argue why we're going to have a recession, why there's going to be a rally, and they've been having their brains beat in. If the Fed is done and the market senses there is still some inflation left, they don't want to touch bonds. I don't think the Fed cares about volatility in the bond market yet. They're asking the question, is it slowing growth in the real economy? Others noted that rates have hit a point where they are likely to cause a major problem for U .S. government financing. The Congressional Budget Office recently updated its forecast to note that interest expenses are set to reach 20 % of tax receipts by 2032 if they remain on current trajectory. Economist Harold Momgren said, the rise in long rates is primarily being driven by the huge and growing U .S. budget deficit. Added Jeffrey Gunlock of DoubleLine Capital, Now, former BitMEX CEO Arthur Hayes has published a new essay and has a strong view on how this bond market dysfunction ends. He argues that, quote, Hayes' point is that the large imbalances always resolve in one way. Printing money, he writes, Now, this bond market route has had Arthur banging the table all week. He has been pointing to the current yield curve move, known as a bear steepener, as basically unprecedented. A bear steepener is when long -term interest rates rise faster than short -term rates, un -inverting the yield curve while keeping rates high across the board. Arthur explains, As the 2s and 30s curve steepens alongside the 2 -year and 30 -year rates rising, fixed -income trading desks start bleeding money and can't figure out why. Due to the leverage and nonlinear risks embedded in banks' portfolios, they will begin selling bonds or paying fixed -on interest rate swaps as rates rise. More selling begets more selling, which is no bueno for bond prices. The faster this bear steepener rises, the faster someone goes belly up, the faster everyone recognizes there is no way out other than money printing to save government bond markets, the faster we get back to the crypto bull market. So that is some of the story in bonds, obviously. Not only could we talk about more, every cable news economic show is exclusively talking about that. But let's go to some other indicators in the macro economy as well. On Wednesday, the ADP published their private payrolls report. The payroll processing firm said that job growth for September had come in way below expectations. It saw just 89 ,000 jobs added for the month. This was down from an upwardly revised 180 ,000 in August and well below estimates of 160 ,000. This was the slowest job growth in the ADP figures since May 2020. ADP also said that annual wage growth had cooled to 5 .9%, the 12th consecutive monthly decline. Job gains came almost exclusively from the service sector, which saw 81 ,000 net jobs added almost entirely from leisure and hospitality. Major net job losses came from professional services, transportation and manufacturing. Now a lot of people said that this should give the Fed leave to continue its pause trajectory. However, this morning we got the release of the non -farm payroll report and it told a very different story. TLDR, September payrolls increased 336 ,000. The estimate had been 170 ,000. So basically we beat it to the upside by double. That means that this indicator that Jerome Powell has been looking at for a year and a half, which is tightness in the labor market, is still incredibly tight, which frankly gives the Fed leave and even potentially a mandate to increase rates even more. As Adam Cochrane wrote, In terms of GDP numbers, last week the U .S. Commerce Department published its final revision of second -quarter GDP, holding steady at a 2 .1 % annualized growth rate. Below the headline, the data showed a large downwards revision to consumer spending growth from 1 .7 % to just 0 .8 % on an annualized basis. This is 80 % lower than the consumer spending growth figure for Q1. Given that consumer spending accounts for around 70 % of U .S. GDP, the revision could speak to a troubling trend as the U .S. consumer cuts back. Claire Lee, vice president of credit strategy and research at Moody's Investor Service, said, Now, as an unconventional economic indicator, outgoing Nestle CFO Francois Xavier Roger had some troubling comments about the state of the global food market. He said that the total amount of food and drinks sold globally has been steadily falling since the beginning of the year. Roger said, Some pointed to, as a culprit, the recent adoption of new weight loss drugs. During an interview on Wednesday, the CEO of Walmart said, Now, while junk food purchases are unambiguously decreasing, many suggested the explanation is far more obvious and troubling than the adoption of weight loss drugs. Jeff Snyder tweeted, They're struggling to afford food, credit card debt is skyrocketing, and much more. What happened to the booming economy of just a couple months ago? Contributing to this notion of the consumer economy running out of steam, in September consumer delinquencies rose across the board. Auto loans, credit cards, and other consumer loan delinquencies have been steadily rising since late 2021 and have now reached decade -long highs. Credit card delinquencies are now at a little below 4%. And while that's nowhere near the 7 % seen in 2009, we are also well past the last peak in 2020. Now, mortgage rates have also been spiking alongside the rapid increase in rates for long -term treasuries. The average for a 30 -year fixed -rate loan hit 7 .49 % this week, according to Freddie Mac. That's the fourth straight week of increases bringing the average rate to its highest level since December 2000. What's more, some markets flashed rates above 8 % late this week, indicating that there are no signs of mortgage rates slowing down. Sam Cotter, Freddie Mac's chief economist, said, Unsurprisingly, this is pulling back home buyer demand. Now that lack of home buyer demand has been met with a slowdown in new listings as homeowners stay put. New listings declined last week, with this year exhibiting one of the lowest rate of home listings in recorded history. 2020 saw huge numbers of households refinancing into long -term loans at or below a 3 % rate. For many households, that historically low mortgage rate has made selling a financial impossibility with new loan rates as high as they are. So friends, that is the look at the macro. It is dicey out there. There isn't a lot of consensus about exactly what's going on. There is only consensus that it's getting worse, not better. Obviously, all eyes will be on Jerome Powell and the Fed and any indications that they give around their thinking is headed after this non -farm payroll report. And I, of course, will keep you updated as the picture becomes clearer. For now, I hope you are headed into a wonderful weekend in one of the best months of the year. And so until next time, be safe and take care of each other. Peace.
A highlight from JPMORGAN CHASE BLOCKS CRYPTO IN UK! SEC GARY GENSLER DELAYS BITCOIN SPOT ETF & HEARING!
"Welcome back to the Thinking Crypto podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google, please leave a five star rating and review. It supports the podcast and it doesn't cost you anything. Well, folks, tomorrow's scumbag regulator, Gary Gensler, will be testifying before the House Financial Services Committee at 10 a .m. Eastern. So I definitely will be watching that. I'm hoping that he gets grilled, that he comes down on this clown because he has not been abiding by the law. He has made the SEC political. And there's many different topics that I hope the members of the financial committee go after him on. First, of course, the loss to Ripple in the XRP lawsuit, right where XRP was declared intrinsically not a security. So that is a total contrast to what Gary has been saying, that the rules are clear in 1933 -34 how we test for stocks and bonds. But it's like you buffoon digital assets exist on decentralized blockchains distributed globally. This is not a U .S. market. This thing is global and it's decentralized. So we need updated rules for this. And I'm not saying that every crypto asset is not a security. There are some that are. But how do we differentiate? That's the need for the updated rules. So the other aspect is Gary and the SEC took a big loss in the grayscale lawsuit. And the three judges went against the SEC and they said the denial of the grayscale Bitcoin's bond ETF was arbitrary and capricious. Gary's taking big losses in court here. Right. And obviously, Gary, going after the Coinbase folks is really bad, given that they greenlighted Coinbase to go public. The other aspect is Promethean, because since Gary was before this committee, a lot of stuff came out of a Promethean that they had they got the license, but they weren't even selling crypto and that this guy is clearly a plant by Gary Gensler and Elizabeth Warren. So I'm hoping they bring the heat on this buffoon and expose him. Last time they did a great job, but they got to keep the pressure on and expose him. Now, ahead of the hearing, Gary released his testimony. But it's the same old bullshit. Right. There's nothing new here. I don't even want to read anything. He just brings up the securities laws of 1933 and so on and so forth. Now, what also happened was a bunch of letters were sent to Gary Gensler and some other folks as well. So the first is a bipartisan letter was sent to Gary Gensler by GOP members and Democrats. So this is really great that it's bipartisan and they're urging the SEC to approve a Bitcoin spot ETF. The GOP members included Tom Emmer and Representative Mike Flood. The Democrats included Ritchie Torres and Representative Wiley Nickel. So this is really good. You know, they highlighted the grayscale lawsuit and how the court of appeals sided with grayscale. So I'm hoping that these folks bring the heat on Gary tomorrow. In addition, there was a letter sent to Gary Gensler and FINRA from Congressman Blaine stating his concern over the SEC's insufficient scrutiny of registered broker dealers with ties to the Chinese Communist Party, such as Prometheum, Webull and Moomoo app. Honestly, never heard of Moomoo app, but certainly Prometheum. We know, guys, that is a shady business and we will see what happens tomorrow. So they got to bring the heat and they got to keep putting the pressure. We have to use social media to our advantage. Folks, I want you all to be tweeting, sending emails to your representatives, making phone calls. We got to use the hashtag fire Gary Gensler. That stuff matters because I've said many times, optics play a big part in politics. I know we're not there in the capital, you know, forcing these folks to sign the bill or to fire Gary Gensler, but we can make our voices heard and we can amplify the facts and the truth and expose Gary Gensler for the corrupt scumbag that he is. And here, folks, the SEC has delayed the ARK Invest slash 21 shares Bitcoin spot ETF filing. They also delayed the global ex ETF application, which was due October 7th. So, you know, James Seyford is essentially saying, you know, will this mean that BlackRock, Bitwise, VanEck, all these folks are going to be delayed, too? You know, it wouldn't surprise me, Gary, I don't know what he's up to, but I hope the members call tomorrow him out on this. What are you doing? The courts clearly are saying you're not doing the right thing and they're siding with the crypto industry. So we once again, guys, are dealing with a corrupt scumbag regulator. He's a puppet on strings doing the bidding of his tradfi buddies and trying to slow this industry down, trying to kill crypto startups. So let's see what happens tomorrow. Now, speaking of Gary Gensler's tradfi puppet masters, Chase UK, yes, JP Morgan, Chase in the UK to block crypto payments, citing fraud and scams. Unbelievable, unbelievable, folks. And I'm going to give you the context of this. But let me give you the details of what they're trying to block. Banking giant Chase is banning crypto linked payments via debit card or by outgoing bank transfer for UK clients starting October 16th, according to an email to customers. If we think you're making a payment related to crypto assets will decline it, the email said, adding that the customers are free to use a different bank or provider to invest in crypto. However, finding a crypto friendly bank in the country may not be the easiest thing as UK credit institutions have a history of blocking or limited limiting customer access to crypto. The local financial watchdog, the Financial Conduct Authority, recently said it had facilitated discussions between banks and crypto firms because lenders have shown a reluctance to offer services to that industry. The fact that JP Morgan Chase is doing this is despicable. Why? Just today, just today, folks, JP Morgan agrees to pay seventy five million dollars settlement over ties to who? Jeffrey Epstein. Do I even need to say anything else about that name? Right, folks? These banks themselves are participating in a whole bunch of criminal scumbag activity, right? We've seen over the years. How many fines has JP Morgan gotten here? Kyle Schnapps, he highlighted this. He said JP Morgan Chase has paid nearly 40 billion dollars in fines for financial fraud and predatory practices since 2000.
A highlight from Were SBF's parents in on it? Follow the Money
"Welcome back, everyone. I am Cass Pianci, and I'm joined as usual by my partner in crime, not of the criminal sort, Bennett Tomlin. How are you today? I'm doing well. How are you, Cass? I'm doing good. It's been busy. It's been a very busy week for both of us. But today's episode is going to be about SPF's parents, the Bankmans and the Freeds, and their what appears to be increasingly important role that they each played in the criminal elements of FTX and Alameda Research. They called it a family business. They accepted incredibly large salaries. His father was getting a million dollars after requesting it because he was only getting 250 ,000 before. Mom pushed and tried to ensure that any money getting sent to the charity arm of the company had two steps of separation, two degrees of separation. And just really shady, weird stuff going on over there with the Bankmans and the Freeds. But those are kind of vague descriptions of what's going on. Bennett, why don't you walk us through some of the seriously criminal elements and what is happening? There is a decent amount of allegations contained in this lawsuit from the FTX debtors in possession against Joseph Bankman and Barbara Fried that at a high level alleges that they were involved in specific aspects of the business and were closely connected to various alleged criminal acts and criminal acts people have pled guilty to. Starting with Joseph Bankman, he was involved with Alameda Research as early as 2018, which is when it was founded, and stayed involved throughout the entire time. The first several years, this appears to have been relatively informal. He directed FTX towards their first law firm, suggested their first accounting firm, was involved in consultations for hiring of certain executives and things like that. But none of this was documented in any kind of formal way. Eventually, in January 2021, he decides that there should be some kind of piece of paper that describes his relationship with these entities. And so he creates a document that describes his work for Alameda Research and FTX and FTX US, saying he's doing a variety of pro bono legal work and consulting work for these entities. What's interesting, of course, is that he was the signatory for the FTX entities and for himself on this entity. Really has kind of vibes of that loan agreement between Bitfinex and Tether years ago, where JLVDV and Juan Carlo was signing for both entities. And so that was one moment that really struck me as I was going through that is that he felt the need to, after providing advice for several years, finally in 2021 documents it and says he's providing this pro bono legal advice. This did not stay pro bono for very long. Later in 2021, he would take a leave of absence from Stanford University. And after he took this leave of absence, he allegedly told an FTX US employee, I'm no longer getting paid by Stanford because I'm on leave, so you should have me on salary starting December 1st. In December 2021, this is when he finally entered into a formal employment agreement with FTX US, where his nominal title was Senior Advisor to the FTX Foundation. You said it was $250 ,000. It was actually $200 ,000 a year, plus bonuses he was supposed to be getting paid. And this is where we get to the fun part that you made an allusion to before. He went to FTX's head of administration after signing this employment agreement that clearly said $200 ,000, told this person that he was supposed to be getting $1 million a year starting in December, and then he sends an email over to Sam Bankmanfried, his son, that says, and I quote, Gee, Sam, I don't know what to say here. This is the first I've heard of the $200 ,000 a year salary putting Barbara on this, meaning he cc'd in Sam Bankmanfried's mother and his domestic partner to help him deal with this contract negotiations that happened after he signed that contract. And it worked. It worked. Within two weeks, Bankman and Fried were gifted $10 million in funds originating from Alameda. Within three months, they ended up getting their $16 million mansion in the Bahamas funded entirely by FTX. And over the period after they got that mansion, they were able to expense something like $90 ,000 in various other expenses. And before he signed that contract agreement in December 2021, I do want to make clear he was also provided with an option to purchase shares of FTX US and FTX trading in November 2021. Before he was even employed with FTX, he was getting large options of shares. So yeah, I think that kind of is a good initial overview and we can get into some of the details he was also involved in, but they were receiving a lot of this type of monetary compensation. Yeah, well, I want to specifically bring up here some things that really made a red flag go off for me were, for instance, how they were keen to keep the residencies, the properties that they were acquiring with these gifted funds and all this money that they were essentially taking from customers, to be clear on that, that they wanted to ensure that that money in those properties would be shielded from a bankruptcy. And I'm just wondering, like, why, if they're so confident in this business, if they're so confident in their son, if they're so sure this is the future of finance, and I get it, you want to shield your personal property from a bankruptcy, but you just got gifted $10 million. You have to know this isn't exactly personal property, right? Like, you have to know your son is giving this to you. Your son is making money from the company. How is he making all of this money? You haven't really nailed that down yet. And you still are just letting this all transpire. Nobody was asking any questions is kind of what I'm getting to. But the questions they were asking were about, like, ensuring that they were shielded from any problems in the future. Yeah. And we should clarify the timeline a little bit here. There's a 2021 email exchange where FTX's general counsel wants to set up a meeting with their law firm to discuss how assets, including primary residence, can be structured to be bankruptcy remote. And Bankman quickly kind of responds in this email chain the next day and says it would be great, all else equal, if we could have the founders put money into property in the Bahamas and sent them a link to a description of an offshore trust structure in the Bahamas. He then discusses this with a lawyer in the Bahamas, another Stanford law professor, and his brother -in -law, and then ends up saying something we might use when we buy property in the Bahamas. And the reason I'm belaboring this point is because it happens, I think, about a year before they actually end up getting the house. And then, five months before they get the house, there's another thing that happens, and that's that they apply for residency in the Bahamas, permanent residency in the Bahamas. In order for them to get that, there's a $15 ,000 fee. That's also paid by FTX. And so I think what that kind of shows is this kind of series of planning that went into them eventually getting this mansion. They started discussing how to structure this about a year before, and I don't think they ended up using those trusts, at least not at the time of bankruptcy. They had already gotten their residency months before they got the property, and then they got the property. They wanted to benefit from this. There's no doubt about that. I mean, there is no doubt. I just want to be clear, and we're going to link to the very thorough protest article that goes over all of this, but it is very obvious. I think before we get to the crux of this, I first want to delve into this a little bit more. So Stanford yesterday decided that they were going to return all of the donated funds from this family, which amounted to $5 .5 million, which is a lot. I mean, I know that they get a shit, a metric shit ton of cash every year, but the idea that they're getting $5 .5 million in a single year from one family, one company, you know, essentially one family. That's how you get your name on a building and stuff like that. So they were donating a ton of money to this educational institution. All I want to say is that I think Stanford is disgusting. I think we see this in a bunch of these higher education, these private institutions, probably equally common in great public universities as well, but the ones that we hear about are like MIT or Harvard or Stanford accepting money from Jeffrey Epstein or accepting money from these guys, and then, oh, okay, you're returning it. Great. Well, you know why you're returning it? Because you got caught. That's why you're returning it. You're not returning it because you thought it was the right thing to do. Now that it's all coming out in these court documents, Stanford's giving the money back. They didn't do it one minute before that happened, though. Isn't that interesting? And I, you know, I think you should get into kind of the details of those donations, which there were many over this period, but like, oh, what a nasty, nasty way for a university to operate. I think the elite private colleges are at a special risk for kind of this because so much of their, like, existing structure is based around taking in cash and converting it to some vague elite authority. Speaking specifically about the donations from FTX to Stanford that appear to have been directed by Joseph Bankman, there was one that came from Paperbird directly to Stanford University. And this one was interesting because there was a lot of discussion about which entity to use. And what Bankman ends up saying is that he thought it should come from Paperbird, which was one of the entities that Sam Bankman -Fried owned that held most of the stock for FTX that investors were buying into. The corporate structure of FTX is a mind fuck. But this shows Bankman was aware of parts of the mind fuck. He says Paperbird can use the deduction. And when he discusses alternatives, he says we can have another entity loan Paperbird money, but that requires some paperwork. Eventually they get it all sorted out. FTX transfers money to Paperbird into a newly set up bank account, which immediately sends that money on to Stanford. There was another four million dollar donation to a Stanford fund for pandemic preparedness that he described as pretty much a no brainer. Bitcoin were transferred from Alameda Research's FTX account eventually. There was another series of donations where it was proposed that they give 1 .5 million from the FTX Foundation to Stanford College. However, the initial 500 ,000 for this came from an Alameda Research bank account, and the second 500 ,000 came from an FTX US bank account. There was another donation they did for a Stanford blockchain conference so they could sponsor it. That one was only 10k. But again, it kind of points towards how Bankman saw these entities as interchangeable. He said 10k is so little it doesn't really matter. So if we think that having FTX US is easier or safer for some reason, we should just do that. And what's most interesting is you talked about your name on a building. And there was a Stanford University employee who provided comment as part of this lawsuit. And this Stanford University employee apparently says that internally in Stanford, these donations were categorized as directed by the Bankman -Frieds. And like when they specifically got the big $4 million pandemic preparedness donation from Alameda, this person even reached out, should this one be categorized like the rest as from you all? Or is this one somehow different? And so yeah, I think that those donations kind of point towards how they were specifically using these commingled customer and client funds from across all these different entities in this self -promotional activity of giving these donations. Yep, there's more to where this money went, how much was spent, why they were in control of this. But I think the question that everybody wants to ask and is wondering about is how are they not being criminally charged with anything yet? And will they? I think we should hold off on that question for just a moment, because I want to talk about how Joseph Bankman also made sure other people he was related to and friends with got paid while he was in this position, because I think that's kind of fun. They talk about one example where he got a Stanford law student a free trip to the French Grand Prix tickets to the race so they could go and visit that. But I think the more interesting one was a hackathon that they had planned that was run by his sister. Bankman freed Sam's aunt. They hired her at a rate of $14 ,000 a month to prepare the FTX million -dollar hackathon and crypto summit held at the Miami Heat Arena, which was the one they put their name on briefly. They spent a total of $2 .3 million on this event, which was attended by 1 ,200 people. They were spending crazy amounts. They said she was authorized to spend like without a budget, whatever it was needed to get this event done. There was so much of this kind of like self -enrichment here that we'll get to your question as to how are they not being criminally charged. That's just grift. Yeah, obviously. The other person we need to talk about, of course, is Barbara. Barbara Freed, Sam Bankman Freed's mother. In her specific role, she, as you alluded to at the very beginning of this episode, described herself as her son's partner in crime of the non -criminal sort. And Sam made sure to sing her praises to his team, making known to her that he intended to rely on her direction regarding who to give to, how much to give to, and how it should be disclosed and told them that it would be good for them to follow her advice as well. And what seems really interesting is she seemed to have a great deal of control. The lawsuit even alleges she was able to unilaterally commit funds of Sam Bankman Freed's to her political action committee, Mind the Gap, meaning without Sam's authorization, she was able to take Sam's money donated in Sam's name to her political action committee, which is a great deal of trust. And even inside her own committee, when she had to talk about some of these donations, she would say things like, I don't know exactly what interconnected entity he sent the money from, but the business is real and revenue -generating, which again, I think, points towards kind of the interchangeability of these entities for these folks. What I think really gets interesting is Nishad Singh, who has already pled guilty for conspiracy to defraud the federal election committee, as well as a variety of other conspiracy charges. He was one of the people who appears to have served as effectively a straw -man donor for Sam Bankman Freed, and was advised in this process by Barbara Freed, Sam's mother. At one point when they were discussing donations to her organization Mind the Gap, and she suggested that, now that my connection to Sam is publicly known, because we don't want to create the impression that funding MTG is a family affair, as opposed to a collective effort by many people, including some mystery guy Nishad Singh, which is when she was suggesting that on their end, they would prefer if his name was the one that was donating to Mind the Gap instead of Sam Bankman Freed's. And similarly, she was worried about a lot of their political donations. There's a really telling one, where she's warning him in an email, And again, later, just the last one to really put kind of a cherry on top of her seeming knowledge of some of the criminal acts that Nishad Singh has pled guilty to. She said, And I think this, as well as some of the more specific tax advice that Bankman Freed was giving on FTX their specific finances and stuff like that, point towards potential knowledge of criminal acts. I tweeted out shortly after I read through this lawsuit, or as I was about halfway through reading this lawsuit, if I'm being honest, And as you alluded to previously, that is kind of what this feels like. It feels like these two law professors, who should have known better, had high -level knowledge of things that people have already pled guilty to, and were deeply involved in the business. Bankman specifically was even mentioned on an internal document as a member of the management of FTXUS, along with only a few other names. They had knowledge, they were inside the organization, and they had some amount of presence. One last thing that I think really hammers that home. When we went to consensus, and we talked about this in our episode that we did after that, Anthony Scaramucci was talking about his experiences in the lead -up to and aftermath of the FTX collapse. And one thing he said that seemed to be corroborated in the lawsuit is that Bankman was involved in them attempting to get the emergency funding. And as we said, and we shared the audio clip of Scaramucci saying it, Bankman apparently told Scaramucci, Anthony or intimated to him, that there was an asset liability mismatch at FTX. What happened to me is I was actually speaking in Sarasota, Florida. There was rumblings that day, I think it was November the 6th or something like that, or 7th. The Monday was the 7th. And then I got back to New York and I spoke to Sam's dad about the problem, and it was intimated to me that it was an asset liability mismatch, that they were leading redemptions and there were assets available, but they weren't necessarily liquid, and they needed time to get the liquidity, and they were looking for some rescue plans. And so at that time, I was a good citizen and a partner in the business. In fact, they owned a piece of my business. I was certainly trying to help them on their fundraising round.
Respecting the Distance With Coach Jeffrey Cunningham
"So we're talking about the 26 .2 distance. And like I was saying, you can't fear the marathon because the marathon doesn't appreciate this, I think. But you'll have a really fast 5K or like somebody who's really good at the short distances and they're like, oh, I'm going to go out and I'm going to crush this marathon or whatever. But if you do not respect the distance, it is going to just crush. I've seen it so many times where people just think they're the best runner ever. They go out and they're like, oh, whatever. And they'll go out and they'll expect the marathon to be different or not to be as hard as it is. And every time they're like, if you don't respect it, honestly, it will put you on your ass. Yes. One of the things that I find is that with social media and in the digital age, we have so much access to all of the passantry and all the excitement and of all the positive, cool stuff that goes into the endurance space. But what we don't really fully internalize, I think for people who are newbies to the whole arena, so to speak, is just the true patience versus the false sort of fake definition of what patience actually is and what it takes to actually be physically and mentally prepared for one of these events, whether it is a half marathon, marathon or seeing what I believe to be. And this is my own editorialization and apologies to anybody out there who's offended by this. But this almost dangerous obsession with, quote unquote, doing hard things without actually really respecting the event enough to prepare for hard things. And so there's a reason why we're having sometimes a 50, 60, 65 percent dropout rate in some of these ultra marathons is we have people who just don't show up prepared, you know, and it's a respect thing. And it is also bled into some areas other where people don't understand that you can't be a big mule in a race. Right. And why that is so distasteful and why that is so upsetting to people who worked really, really hard in races. Why you shouldn't have three guys on a scooter and four people on cameras darting in and out of a marathon course and filming you the whole way to do something that, frankly, is actually not particularly unique and not particularly abnormal or particularly notable. But now, you know, we have people who just had this incessant need to just post everything. And so what we have is we have this undercurrent of disrespect where we have people who are just entering races and are just not ready. So I have enough respect for the people who have come before you in from a preparation standpoint and have enough respect for the actual event itself to not reduce yourself to just sort of walking on the side of the street because of a failure to prepare. You know, they say that a failure to prepare is preparing to fail. Yeah. A bit of something to that adage, you know, make sure that you're also getting good advice.
Running Coach Jeff Cunningham on Overcoming Confidence-Crushing Setbacks
"Talking about confidence and running really brings confidence to people, especially when maybe you are doing things that you don't think are possible, right? So I want to get your thoughts on something that I've certainly run into and I think a lot of runners have run into is when you do gain that confidence from running and having success at the sport, and then all of a sudden you get to a point where maybe you have a bad race or something like and then it kind of backfires and you are like, you know, your self -worth takes a hit. Like, how do you deal with that with your athletes and even yourself? You know, it's one of these things where I tell people if you always have moonbeams and glitter just shooting out of your ass, that means that you're probably living in fantasy land. Fantasy by definition is not reality, all right? I live in reality. There's peaks and valleys, ups and downs. We don't always have our best day. But we want life and we want our careers or whatever it is we're trying at, whatever it is we are endeavoring at. We want there to be an upward trajectory. Generally speaking, it's kind of like the stock market. I checked it. Today it's in the green on my iPhone, which means I'm not losing money today, right? But the stock market is going to have its peaks and it's going to have its valleys. But generally speaking, from the bottom left to the top right for the last 50 years, if you put $100 on the stock market, you're probably doing pretty well right now. So what we want is we want that trajectory, bottom left to the top right going up. But each little tiny dip and every little tiny bump in the road can't be some major issue that then suddenly clouds our vision for the future, clouds our picture that we have painted of ourselves, which hopefully is a good one. And it's one that is a strong one, one that's defined by self -worth, one that's defined by confidence. And so don't let one bad race or one not so good race or one not so bad workout be this major blow because we can't be overly invested in the moment when we have to be broadly invested in all that is life, in all that is our career. Be invested in the moment to the degree that you try to maximize your ability to get better on that day. But don't be so heavily invested in the moment that you have everything in that moment and you lose sight of the fact that what's a week, a month, a year, a decade down the line is truly sort of where we're heading. And so I tell people, hey, we all are going to have a bad race. We all are going to have a bad workout, but it doesn't define who you are as a runner and it doesn't define who you are as a person,
Monitor Show 12:00 09-13-2023 12:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. This is Bloomberg. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This Bloomberg is Markets with Paul Sweeney and Matt Miller. We got a lot of green on the screen here, but the volume is light. We constantly underestimate the strength of the U .S. consumer. This is a market that's much more optimistic or bullish than maybe the central bankers are. Breaking market news and insight from Bloomberg experts. There's still some concern out there in the market that there is room for things to deteriorate a little bit more than what they're indicating. As small and medium -sized businesses struggle, they don't present as much competition. The supply chain has still got dislocations globally and here in the U .S. This is Bloomberg Markets with Paul Sweeney and Matt Miller on Bloomberg Radio. Ay, ay, ay, very disturbing what's happening here in our Bloomberg studios, but we will soldier on. Coming up, we're going to check in with Jeffrey Cleveland. He's the chief economist at Payden & Riegel. Get his thoughts on the inflation print that we just saw. Brian King, CEO at Lotus Markets, will talk markets and ETFs plus tech talk. Actually, still, senior vice president and creative for digital media lead at Adobe. We'll discuss the company's generative AI initiative. So why not AI? More AI. Let's do it. But right now, let's kick things off with Charlie Pellett. All right. Thank you very much, Paul Sweeney. The Dow, the S &P, NoStack, they're all advancing right now.
A highlight from The Role of the Church in Evangelism
"Jeffrey Johnson is a founding pastor of Grace Bible Church and the president of Grace Bible Theological Seminary in Conway, Arkansas. Conway. My wife and I graduated from Hot Springs for college. I have to get with you a little bit later but he is the author of several books including The Kingdom of God, The Absurdity of Unbelief, The Pursuit of Glory, and He Died for Me and this I Nature, Authority, Purpose, and Worship. And you open your Bibles and prepare for brother Jeffrey Johnson. He's going to come and talk to us about the local church and evangelism. So church I want you to pay very close attention to this. If you have your Bibles turn to 2 Corinthians chapter 5 and Adam can I ask you to come sit in front of me. I have a message for Adam in particularly and but also have a message for each of you because what Adam is being set apart to do we who have been called by God have already been set apart to do. There is an official office it seems of an evangelist and all pastors are to do the work of an evangelist but every Christian who confesses Christ is called of God to be evangelist. It is my prayer that Adam is a great encouragement and means to equip this church to be evangelist. We're living in a wicked world and there's it's time for all of us for me for Adam for you to get serious about what God has called us to do. Our text tells us what we are and by telling us what we are it tells us what we're to be doing. We're to be what God has called us to do and we're to do what God has called us to be. We see there in 2 Corinthians 5 20 this amazing verse it says therefore we are ambassadors for Christ. This is true of Paul as an apostle but it's true of all of his all of Christ's disciples therefore we are ambassadors for Christ and this is what we do or what God does through us. God to God and as we ordain Adam to this office of an evangelist which functions out of the local church we are setting him apart to a serious call a serious responsibility to a serious message and that's what I want us to see in this little time that we have that we're all called to a serious calling a serious responsibility and a serious message.
Monitor Show 15:00 09-07-2023 15:00
"So this is a bipartisan love affair with fast food that we've identified. Yeah. I mean, who doesn't like french fries? Absolutely. I'm just not sure about mixing it with cherry pie. Yeah. You know they put chocolate on them in Japan? I did not know that. Yeah. Every country has its own little McDonald's quirk. Yeah. Would you do the chocolate or the mayo in Europe? Mayo. Okay. Hold that thought. Kaylee, thank you. Bloomberg Business Week starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is Bloomberg Business Week. Insight from the reporters and editors who bring you America's most trusted business magazine. Plus, global business, finance, and tech news as it happens. Bloomberg Business Week with Caro Masur and Tim Stenebeck on Bloomberg Radio. All right. Good Thursday afternoon from the Bloomberg Interactive Brokers Studio. Jess Menton and Paul Sweeney sitting in for Tim Stenebeck and Caro Masur. Who's who? I'm not sure who's sitting in for who. But Jess and I are here, so we're in good shape to go for the next three hours. There's a lot coming up, Jess. There's a lot. We've kind of got the markets are kind of mixed here on this Thursday afternoon, but a lot coming up in the next few hours. The highlight for me is... Oh, I have a guess which one it is. Jeffrey Katzenberg, he's a co -founder of DreamWorks Animation. He's just a major, major player in Hollywood. Has been for decades. He's going to join us. He just recently joined the board of a cyber security firm. Aura is the name of that. So we'll talk about that. We'll talk about... I'm going to ask him about the writer's strike. And then maybe this whole streaming thing. It's just upended the whole Hollywood model. Yeah, exactly. He was at Disney. We ran their studios successfully for many years. So that's just one of the great, great guests we got coming up. And then of course...
A highlight from HUGE HBAR NEWS! FEDNOW HEDERA DROPP - COINBASE CRYPTO REGULATIONS, ARGENTINA BITCOIN + COREUM
"Welcome back to the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google, please leave a five star rating and review. It supports the podcast and it doesn't cost you anything. Well, folks, I want to start off by giving you some perspective about all markets and bad actors and good actors. You know, quite often we hear Gary Gensler say there's a lot of scammers and hucksters and whatever else in the crypto market, right? He's painting the whole industry and asset class with broad strokes. But we know that's a lie and he's just gaslighting, right? But if you look at all markets, there are bad actors there. For example, UBS, one of the largest banks to pay $1 .4 billion for fraud in mortgage backed securities. So great example that even a established, fully regulated industry still has fraud happening, JP Morgan and all these banks, Wells Fargo, they all get billions of dollars in fines almost every year because they're doing something shady. And that is because in civilization and humanity, there are bad people looking to do bad things. So it's not that the technology or the asset class is bad, but rather there needs to be proper regulations and we have to weed out the bad actors. Now one could argue it's not possible to weed out every bad actor because we don't know what's happening in the minds of people. We're not mind readers, but we at least have to have proper regulations. So when you see the likes of Gary Gensler and others who are anti -crypto, gaslighting and putting out sensationalized headlines, don't be dismayed and realize what's happening. They're trying to put out a narrative. And we know crypto is here to stay. There are a lot of folks building with the technology. Are there bad actors? Of course, just look at Sandbank -Meerfried, right? But Sandbank -Meerfried is crypto's Bernie Madoff. So you just see these things when you line up all markets, you see the bad actors and of course the good actors. So a great example here. Now folks, Michael Burry, the big short Michael Burry, apparently he is running some shorts here and it's at a market value of $1 .6 billion. Apparently he bought $890 million of the SPY puts, bought $740 million of the QQQ puts Now, we don't know what the expiration dates are on these. So we don't know what the timeline is here, but he's looking to short the stock market and we'll see how that works out because look, he was right with the 2008 mortgage backed security situation and everything that took place there. He was absolutely right, but he hasn't been right every time. And we'll see where this goes. But I think he's seeing something on the horizon that what many of us have been tracking, many analysts is that the stock market is retracing. I don't know if this is a move to all time highs. I honestly don't know. I took some profits recently because I'm like, I don't know. I'll walk away with some money on my stocks, but we'll see what happens. And, you know, as far as the stock market and we know Bitcoin and crypto has been correlated to it, you know, Bitcoin is at a pivotal moment right now. So one of analysts tweeted out sideways at $29K has run its course. So it's decision time for Bitcoin this week. Is our next significant move up or down? You all know. I'm hoping it's upwards. Right. I've been sharing a chart with you guys for over a year now where we've been following Bitcoin's retracement. You know, certainly it's going to be a roller coaster ride upwards, just like it was in 2019. Nothing goes up in a straight line. But boy, I hope there's another leg up that takes us to, you know, 40K plus. And that will be a nice retracement move, at which point I'll take some profits. But there's no guarantee of that. And right now, Bitcoin is still holding support here with this trend line. But boy, like I said, guys, I'm hoping for another move up. We'll see what the catalyst may be, maybe some bullish news, some other big player entered in the crypto market. But let's keep our eyes on this. Hopefully it's not a dump. All right, folks, we got some very huge Hedera HBAR news. You all know I hold HBAR in my portfolio. I am bullish on it. I continue to dollar cost average, you know, not financial advice. Please do your own research. So here's the headline. FedNow showcases DLT powered payment system as service provider. The United States Federal Reserve's instant payment system FedNow has added a company powered by the distributed ledger technology platform Hedera Hashgraph to its showcasing service providers. On August 14, FedNow's official website added DROPP, a micro payments platform built on Hedera to its FedNow service provider showcase section. The section aims to connect financial institutions and businesses with service providers that can help them innovate and implement instant payment products using the FedNow service. Folks, this is really huge. I mean, the Fed endorsing micro payments provider that is built on the Hedera blockchain. That is huge news. If you hold HBAR, remember, they don't necessarily have to be using the HBAR token, but we're talking about Metcalfe's law, network effects, right? The more building on a network, the more adoption, the more participants, the stronger the network becomes, the more valuable it also becomes. And of course, in this digital realm that we live in, in the token economy, the native token will increase in value, folks, because the tokens grease the blockchain, right, help to process and fund the blockchain. So this is huge news. I'm very, very bullish on HBAR. Once again, not financial advice. Please do your own research. According to the FedNow site, DROPP is a digital solution that was made so that merchants can accept payments at low cost. The company uses DLT and regulated banking tech to build its solution that allows merchants to accept payments without paying huge transaction fees. While the new updates seem like the Federal Reserve is warming up to the DLTs, the FedNow service also wrote on its website that materials are only presented as convenience to potential FedNow service participants. So huge news, folks. And remember, the folks who are part of the governing council for Hedera, their global governing council includes Boeing, Dell, Google, IBM, LG, ServiceNow, Standard Bank, much more huge, huge brands. This is one of the projects I think will come out of the whole speculation bubble and enter the utility phase and be one of the crypto blockchains that have lasting potential. So I'm very bullish on this. All right, let's move ahead. We got some updates here from Eric Balcones of Bloomberg around Cathie Wood's ARK Invest crypto ETFs. So he said new filing from ARK for a digital asset and blockchain thematic ETF will hold equities. So this is interesting. Cathie, we know she's trying to get a Bitcoin spot ETF. She's in line with BlackRock and the others, but they're also looking to build new ETFs, too. So here, Nate Geraci of the ETF store said, odd filing, given how saturated this space is. He's talking about the equity ETFs. Wonder if there is anything to read into here regarding ARK's confidence around spot Bitcoin approval, which if it happens, these blockchain ETFs would face an additional headwind in terms of competition. So maybe ARK is not that confident. So we shall see. Look, I think it's certainly almost guaranteed that BlackRock is going to get approved because of their record and because they pretty much run the world for the most part. But let's see what happens. There's no guarantees here, folks. And look, there could be a buy the rumor, sell the news event around these ETF approvals. So just be prepared for that. If an ETF is approved, that doesn't mean billions of dollars are coming in overnight. They have to set up the marketing, the structures. They have to get the RIA's onboarded, right? It doesn't happen overnight. They'll probably need a few months. If you look at the when the gold ETFs were approved, it didn't pump instantaneously. It pumped maybe like six months later the gold market. So something to keep in mind, folks, and, you know, know how to strategize. So I think there will be, once again, a buy the rumor, sell the news event. Now, quick word from our sponsor, and that is Uphold, which makes crypto investing easy. I've been using Uphold since twenty eighteen, one of my go to exchanges, so I can vouch for this platform. They have ten plus million users, two hundred and fifty plus crypto currencies, and they're available in one hundred and fifty countries. You can also trade precious metals and equities on this platform. If you'd like to learn more about Uphold, please visit the link in the description. All right, folks, let's move ahead because we got Jay Coward Clayton. Yes, former SEC chairman that I call a coward because he's the one who filed a lawsuit against Ripple and ran out the door the next day. He did not approve a Bitcoin spot ETF. And of course, we know he was doing some corruption in the back room with Bill Hinman and Ethereum to get them the free pass, nothing against Ethereum, but rather the SEC corruption, because guess what? These are the people who are supposed to have integrity. They're funded off our tax dollars and they're supposed to be stopping the bad guys, but they themselves are the bad guys doing fishy corruption in the back room, getting paid millions of dollars. So Jay, of course, making his biweekly appearance on CNBC Squawk Box this time, he was talking about Sandbag Refreed and of course, the Bitcoin spot ETF. And of course, the Joe Kernen, Becky Quick, Andrew Ross Sorkin and these folks failed to do their job. No questions about the Ripple ruling. Of course, there was no question when he came on the show, I think last week or the week before, because they're clearly and probably Jay doesn't want to answer anything and they're kowtowing to that. So it's pathetic. It is not how a journalist does their job trying to bury a story when the man who filed a lawsuit is sitting right in front of you. Right. And this ruling, we know how huge it is. Members of Congress are using it as a president to push their crypto bills through and much more so pathetic. Jay's a coward. And of course, he doesn't want to talk about it. Pathetic. They won't even ask him the question. It's not like they ask him the question. He's like, you know what? Good for Ripple, but I don't want to talk anymore. You know, it could have been that much. But guess what? No questions. Zero, zero questions. So, you know, there's a big cover up. There's a big Jay is just a coward. Like, don't even ask me that question. So screw Jay Clayton. He's a coward. Let's move ahead. Coinbase launches nonprofit to advance crypto legislation to stand with Crypto Alliance will prioritize supporting and advancing legislation in the US that supports the industry and investors. The stand with Crypto Alliance is something Coinbase obviously is trying to get going and they want you to participate and sign up. This is great, guys. We need need more of this, more advocacy, more education, more getting the word out there so that we can bring more folks together and unite against folks like Gary Gensler and corrupt bureaucrats and regulators like Gary Gensler. So the alliance is a 501 C for organization under the internal revenue service, meaning it is an exempt social welfare group. The current discussion around crypto policy in Washington, D .C., between centralized players and other big groups. Kara Calvert, Coinbase's head of US policy, said Monday during a Twitter Spaces event, but the stand with Crypto Alliance hopes to bring new voices into the picture. Here's a quote. The alliance completely embodies exactly what the crypto industry is all about. Calvert said it's all about decentralized efforts, decentralized power, decentralized access. And that's, I think, really what the stand with crypto movement is about. So this is great. I love it. I wish more crypto companies would unite and do this. And get the once again, the word out there. Education is a big key in D .C., getting our representatives educated about blockchain and crypto. We're seeing more and more bipartisan support for crypto. So our efforts are paying off, but we need to do more, of course. Now, folks, there's some interesting news coming out of Argentina. So pro Bitcoin candidate Triumph sees Bitcoin reach historic high against Argentinian peso. So we got a presidential candidate. I honestly don't know much about this person, but, you know, a lot of people are bullish on this because his name is Javier Mele, if I'm saying that right, won the country's primary presidential race. He's pro Bitcoin. And we know the folks there are dealing with insane inflation. Many have been moving to Bitcoin as a store of value, as well as stable coins. So hopefully, you know, some things could happen here where they can maybe make Bitcoin a legal tender, something along those lines like El Salvador. But there is something else happening in the mix here. So Mele's unexpected triumph is seen as a rejection of Argentina's entrenched political establishment. The pro Bitcoin candidate became anti establishment after proposing the dollarization of the economy and call for the abolishment of the central bank due to the country's economic woes. So they want to certainly use the US dollar over the Argentinian peso. And I don't blame them. So this could be a really big move. And once again, this guy's pro Bitcoin. So let's see where it goes. Moving ahead, new indictment alleges Sam Bankman -Fried gave more than $100 million to politicians. Bankman -Fried and his associates donated across party lines to various candidates and political action committees. Boy, look, I am not a conspiracy theorist, but man, this guy donated a lot of money and it's probably why he's been getting the easy path, right? Being able to stay at home in his parents' house. And obviously recently they were like, no, dude, you're trying to, you know, game the system. He released Caroline Ellison's diary. So witness tampering and all that. And they were like, all right, we're going to put you in jail. So that's a good thing. He's in jail. But look, there are some people saying he could have an Jeffrey Epstein situation, if you know what I mean. And that wouldn't surprise me, folks. This man has a lot of dirt on politicians. He made them all look like fools, right? And that's, I've often talked about it. Optics is a big thing in politics. It's narratives and optics. So right now he's not making a lot of people look good and they want him gone. As you can imagine, like get the hell out of here, whether it be in jail or you know what else. So it looks like they may try to bring back some of the campaigns, finance charges that had been previously dropped, but we shall see what happens. And hopefully, you know, he sits in jail for a long time because he committed the crime folks. He's the one that was committing fraud. He's the one that was okaying funds, leaving FTX and going to Alameda, which was his firm. They were trading that money and losing it. So straight up fraud, as I said earlier in the podcast, he's the Bernie Madoff of crypto. But let's hope justice is served here and we'll follow this as it continues. Now, here's some not so good news. Coindesk lays off 45 % of editorial staff as an eyes deal to sell company. Look, it's not so much that they laid people off, but it's in conjunction with what else has been happening with Digital Currency Group. So Digital Currency Group owns Grayscale, Coindesk, Genesis Trading and much more. And we all know what has been happening with the Genesis Trading and Gemini situation. So Barry Silbert and these guys, it's not looking good. And I would not be invested or involved in anything Digital Currency Group, guys. If you're holding Grayscale shares, just be careful. I don't know what's happening here with this whole parent group and they could be in big trouble. So especially with the Genesis Trading situation and who knows if there's going to be cross contamination, the fact that Genesis Trading is in a hole and they are going to have to pull money and sell Coindesk and all these things, it's just a mess. So I don't think these guys are running the business well. Once again, it doesn't have anything specific to do with the blockchains or the crypto currencies, but rather, you know, the risks that you take and how you run your business. So we shall see. Finally, guys, our partner, Quorium, and I highly recommend you check out this blockchain. It is a third generation blockchain. They announced here new wallet integration. Frontier is now supporting the Quorium mainnet, prioritizing security through real time fraud prevention. It says Frontier Wallet offers a swap aggregator and cross chain bridges, a key partner to manage Quorium assets effectively. So once again, guys, check out Quorium. They're doing some great things and they got a new wallet support here. And I personally hold a Quorium tokens, not financial advice. Please do your own research. As always, don't blindly invest because you hear me holding a token or somebody else, any influencer or any YouTube or a podcast or whatever it may be, always do your research. So definitely check out Quorium. They're doing some great things. All right, folks, that's the news. Let me know what you think. Leave your thoughts and comments below, hit the thumbs up button and leave a five star rating on the podcast platforms. And I'll talk to you all later. Bye.
A highlight from TBGP #404 Baldurs Gate A Classic, Starfield, Red Dead Discussion, and Who Speaks for Gamers
"What's up everybody? This is Carrick with ACG and I'm here with Johnny and Abzi for the best gaming podcast. Hopefully our audio is pretty level across the board. If you have to turn us up a little bit or turn us down a little bit, I apologize trying to do some new set up here at the house so that I can get some different videos created. Um, it'll probably not pan out like always where I'm always like, I'm going to do this thing and then it doesn't work. I'm like, God damn it, but I'm going to try trying to have the battles I said in the Atlas review. Um, and we're going to talk about Atlas as well. We're definitely going to talk about Atlas fallen. Did either one of you guys get it? No, but I've been looking forward to it for a while. I just, uh, I don't know, man. I don't know. I'm on the fence about it now. On the fence is a good place to be. Yeah, I think I'm going to do remnant two, if anything, um, as my next like multiplayer multiplayer game because I haven't touched that yet. That game is sweet. What about you, Johnny? Are you doing any Atlas fallen? You doing remnants still? No, I'm, I'm just doing Baldur's, uh, focusing on that before starfield comes out. Yeah, dude, there's a lot of big games, man. Take me a long time, dude. Like 100 hours or something. Dude, I'm, I'm 60 hours in. I just got to act too. Yeah. 60 hours in. Yeah. I re I, I just, uh, yeah, I take my time. So, uh, it's gonna, it's gonna remember our discussion and yes, everybody, I do have a little bit of a shiner did get popped in practice. Uh, yeah, we talked about this with atomic heart where you and I were laughing because like it was three or four hours, like 25 hours for some people. Yeah, maybe not three or four hours, but it was like eight and we were at like 30 and we were still, you know, three points the way through. I wasn't even, yeah, I wasn't even halfway done. Then I was at like 30. Yeah. The DLC popped for that too. Yeah, I haven't gone back to it. It's, it's middling. It's got some really good, uh, settings and locations. It's a little linear. And as somebody else pointed out, there aren't as many new and new Crete creations you might be hoping for, but overall I, I'm, I'm pretty fine with it. Jeffrey with the $10 soup chat. Thanks for the content. Thank you very much. I appreciate it. Evening everybody or morning or mid afternoon. Depends on where you are. What? Speaking of that, it's 10 30 for me. What is it for you guys? 8 30 PM. Johnny and 6 30 PM. There we go. Okay, so we'll try to get through it without doing a Johnny Jeremy podcast like last week. What was that? Like five hours that went wild, man. We went some weird places with you and me and you and Abzi or and me and Abzi have had by far the longest podcasts. It's been insane. We just go into AI and random. We were doing AI and then Johnny and I were talking about ghosts and fucking Bigfoot UFO and it was just like, by the way, one of the highest viewed podcasts we've ever had. Like, which funny because people might say that end is what caused people to watch it, but that's not, they have to get through it to get to the end. So the retention is insane. I looked at it. I normally don't look at the podcast stuff because it doesn't do as well, but the number of views were high. And then I actually, for the first time in a long time, saw people sharing it. Podcasts are so hard to share now because everybody's got them. Even we've talked about it. I try to tell you guys about a podcast and you're like, what am I going to do? How am I going to add another podcast? Yeah. How am I going to add another one to my, to my slate of stuff covered? So thank you everybody for showing up. This is the best gaming podcast tweeted out to your friends. If you are able to, or on Twitter, let's jump into the first bit of discussion, which is let's cover Atlas fallen first. So it got middling reviews and I would personally say those are pretty right. The combat put it slightly over the edge as well as a cheaper price. Once again, price does matter in game reviews. And I stated it very clearly. I was like, I don't know, I'll die on this fucking Hill. It's the foundation of what you're rating. Yeah. It's like, that's what it costs me. So I'm going to rate it for like what it delivers, but man, the combat is good. It's so stupid. Cause the, I'm not saying it's platinum good, but there were times where I thought of near automata when I was playing like there was, yeah, yeah. It looks jank, man. It looks like from a, just looking at it. I mean technically plays better. I mean, I've seen that before. Combat is not jank. No, the combat is loose, dude. The combat is like ESP loose where, so for example, I would, an enemy to hit me and sometimes it'll hit you in a game and you're like, that didn't hit me, dude. I was hitting them going, I whiffed that I didn't hit them. So, so I was okay with that because it was happening to me and the hit boxes seemed off for them sometimes. So I was like, you know what, as loose as this is, but I got to tell you guys, if you saw the first transformers, when fucking one of the transformers comes up out of the sand and it's exploding, that moment is replicated so many times. And I got to tell you an Atlas fallen when one of those comes out and there's just like sand, I was like this, that's cool. It's just that a lot of the other stuff that's not, yeah, no, no, yeah, no sandworms, but you have like crabs. Well, you do have sandworms, sand dragon, like big sound like the ones that do under the sand and come out. Yeah, you have those. Yeah. Yeah, I guess you do. I didn't think about it, but yeah, you do have those. Combat's great. Gauntlet's 10 times better. He's like a natural conduit for information. Did you like the, it wasn't called tenacity, uh, more momentum. What was it called? Momentum. Momentum. Did you like that mechanic? Yeah, but yeah, you know, I didn't love it, but it didn't get in the way like when I attacked, I was, I was like, oh, I could possibly take more damage, but I was spending momentum so fast that if there was going to be a position where I got hit because my momentum was high, it was probably because I just didn't hit the whatever action I wanted to take as quickly. Um, I did the passives for the first two parts of the bar, passive, you know, strength, passive damage, passive armor. And then after that I did some quick attacks and difficulty wise between surge and a normal action combat game way towards normal action combat. Not even a million. So they don't hit like a truck and you die in like two hits or something. No, no, no. There was a couple of bosses that I like. There's one boss that I just, I don't know what was going on. I was just like, oh my God, I'm smashing my head against him. I beat him, but it was like 10 fights versus 150 and neo one or so, you know, where like I wasn't prepared and I was like, oh my God, yeah, it was good. I mean, it was good in a good sense, but it's got all the jank you see. Every bit of jank you see is replicating annoying flying creatures. Yes, I don't know. I dude, remember when you tried to jump in final fantasy seven remake and because there were air and because there's a lot of air enemies and you don't have the same thing happens with you, but you can jump, but they're so high sometimes. And then the camera will be like, I got to show him the enemy and you're like, oh God, I'm gonna vomit. Yeah, that definitely that definitely happened. But once you get up there, dude, you can stay in the air forever because you can when you hit it resets a bunch of stuff. And then I was right. You can sort of jump off enemies and then you get three or four dodge burst. So pretty soon you're like, dodge, dodge, dodge any. Sure. It's like you're juggling yourself in the air with attacks instead of juggling enemies. Yeah. Yeah. And then if you have momentum, so let's say you jump and attack, then you do momentum, then it resets everything or some stuff. So like pretty soon you're in the air just like and a new enemy. I believe a new enemy might reset it because there were like four or five flying guys and be like, bang, bang, bang, and then go over here. Bang, bang, bang. And I would stay up as a combo It's potential. not about combos. It's about building to doing your abilities. It's more cool down based ish. Well, cool up because you're building cool up. Yeah. So it's more like build up based. Yeah. And that is different. But yeah, the combos are like, X, X, Y, hold Y, hold no directional inputs. No, no, no, it's not. No. But there's so many jewels that you could have absolutely 100 % different jewels. Yeah. Yeah. Yeah. What are we going to say? Sorry, I was going to say I noticed two things looking at your review and others. One is it seems when you kill one of the limbs or several of the limbs, it doesn't really change what the boss is able to do. No, it does. Oh, does it? Yeah. Yeah. Yeah. They pull off. So they have a berserk mode, I guess is what you would say. And so some of the bosses, it depends on the boss, but some bosses and normal, some just bigger enemies in the game world. If you do, they pull, they can pull off completely different moves. If you're on the medium and higher difficulties. If somebody played it on easy, they don't. But what I was thinking is, because what I would expect is if I destroy an arm, I would expect that the guy to not be able to hit me with the arm. Does that make sense? Yeah. So sort of does that happen or is it different? Um, it would be more along the lines of a guy is incredibly armored and you're beating his armor off. So you can still hit that arm as a as a base body hit, but it doesn't do any more like specific limb damage. But what they do do is they switch up their moves and you'll start to see them pulling off specials. Rampage moves is what I call them, but you'll see them. One of the guys has a sweet one that pops up. But I saw a lot of people playing it on easy and which I'm not saying it's just because we brought it up, but I saw a lot of reviews where it was on easy and that would have less reactions than than medium and hard. So, you know, depends on what you're playing. And the other thing I noticed real quick is sometimes the attacks from you seem a bit slow because I was looking like, you know, the enemies would attack you pretty quickly. But your attacks kind of have a wind up to him, don't they? Does that feel heavy weapon? Yeah, depends on what you're using, Johnny. Okay. And I I do know that some people weren't showing some items because they haven't been as open about weapons as they were about the jewels. So a good reviewer will try to talk about it, but maybe not show it to spoiler it. And I saw a lot of people trying not to spoiler some stuff. Good on them, by the way, at least visually. Did you feel like for me just watching it on YouTube? There's there's an the impact on you hitting an enemy doesn't seem that satisfying, but I don't know if it is when you're actually playing it. Yeah, yeah, I would agree with that. I mean, satisfying is different for different games, but you don't get this like so to build up momentum. Think about it this way. If you tried to build up momentum, the enemy kept stun ranging out of your spot, then you couldn't build up momentum. So you have to the developer has to figure out a way to make it look like they got hit, but also not remove them from you to building momentum. And that's one of the things I talked to a reviewer about who actually put it in his review because we were talking. He was like, dude, they don't move back. They just shutter a little bit. I'm like, well, if they did move back, the entire momentum system would be broken. He was like, oh, my God, like I get it. And by the way, that's not like something brand new. I picked up from talking to a game dev or another reviewer who randomly will mention it. And I'll be looking at a game going, oh, I get it. But yeah, I would say it doesn't look. Here's the thing. It's a B level game at a level price. Yeah. Sound effects were OK. I will say this. If a pop up was fixed, that game would have rated higher because it is so egregious. It is like a reverse shooting range, just constantly shit flipping back up. So instead of shooting a range target down, it's just everywhere you go fling fling fling fling fling everywhere. And it's not a radius around you. It's not an L .O .D. situation. It's L .O .D. as the game. It's just everywhere you go, there's something popping up in your way. And it's that's that's really bad. Hey, Johnny, can you mute if you're typing? Because that's coming across. I apologize. That's all right. I just don't want to get. So so that's one of the things that's popped up. But overall, I would say the scores are about right. It'd be a little bit higher if it was technically proficient, which because there are parts that look amazing, amazing lighting in some locations. But you got to have good performance. And pop in is an old style problem, man. Like right before this was fine. Performance was fine. Yeah, it wasn't amazing. There were some drops I had, you know, but that depends on your CPU, your GPU. I will say I found out something weird and then somebody else covered it. But I was so nervous about saying it and being like, this is just my system or something. And I tried to test it and it always came up correct on my system. But you never quite know it doesn't use your CPU and GPU as much as it should. So when I was playing, I was like 60 percent sometimes and I wasn't getting bad frames. I was just low CPU and GPU usage. And I was like, interesting. It's still getting the FPS that's more acceptable than remnant, too. But then later I went and looked and found out, oh, yeah, looks like other people had found that, too. So yeah, it's just one of those things. Let's move on from there and start talking about some more Baldur's Gate. So how many hours do you guys have in Baldur's? I'm at exactly sixty two point eight hours right now. Sixty two. Sixty two point seven. Sixty two point. I'm thirty six. Thirty six hours. All right. So so real quick, Johnny, what's that seems low for you with a weekend between conversations. Was that just you were busy? So while in the weekend, I was also finishing Final Fantasy 16.
Monitor Show 12:00 08-10-2023 12:00
"The product I'm buying was treated better than the average product. And I don't think you can even have that argument when you're talking about a lot of these things. You know, so you just gotta, I don't know, you just gotta go there. Pork bellies, BLTs, all that kind of good stuff. Keep an eye on the price of bacon. S &P 500 up about four tenths of one percent. Holding on to some of the gains we saw earlier on the back of the CPI print this morning. We're going to have more coming up. This is Bloomberg. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is Bloomberg Markets with Paul Sweeney and Matt Miller. We got a lot of green on the screen here, but the volume is light. We constantly underestimate the strength of the U .S. consumer. This is a market that's much more optimistic or bullish than maybe its central bankers are. Breaking market news and insight from Bloomberg experts. There's still some concern out there in the market that there is room for things to deteriorate a little bit more than what they're indicating. As small and medium -sized businesses struggle, they don't present as much competition. The supply chain has still got dislocations globally and here in the U .S. This is Bloomberg Markets with Paul Sweeney and Matt Miller on Bloomberg Radio. All right, coming up in this hour, we're going to take a look at the endowments of some of these big universities. They're starting to report their returns for the latest fiscal year. Janet Lauren, higher ed reporter with Bloomberg News, will join us in the studio, so that's good. Jeffrey Cleveland, principal and chief economist at Paden and Riegel. He's going to join the program, talk about that CPI print we got this morning, what it means for the Fed. And then Ian Whitaker, managing director and owner at Liberty Sky Advisors. He's over in London, one of the smarter voices in the media space that I know. He's going to join us, give us his thoughts on what's happening with Disney and some of these other big media companies as I guess we all stream more and spend less time.
A highlight from PayPal's Stablecoin is the (Second) Biggest Crypto News Story of the Year
"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 Tuesday, August 8th, and today we are talking about PayPal's new stablecoin. 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 in the show notes or go to bit .ly slash breakdown pod. All right, friends, today we are talking about the big PayPal news, which was announced yesterday, and it hits at what I think is one of the biggest themes of the year, which is TradFi coming into the absolute utter wreckage of this industry after the last year plus of bad behavior and positioning themselves to take over like adults compared to some children who have lost their privileges. We'll get into that a little bit more, though, so first, let's talk about details and the reactions from the community. So PayPal is launching PayPal USD or PYUSD, a stablecoin that is issued by Paxos. It will be fully reserved using bank deposits, short -term treasuries, and other cash -like instruments. Initially, the stablecoin will be only available to U .S. customers. In one of the bigger parts of the announcement, PiUSD is an Ethereum -based ERC20 token. That means it will have compatibility across the Ethereum ecosystem from day one. Customers will be able to transfer the stablecoin between PayPal and Ethereum wallets, person -to -person payments will be enabled, the stablecoin will be integrated into the existing PayPal checkout process, and it will also be convertible into other cryptocurrencies already available on PayPal's platform. Now, while the stablecoin will be redeemable for U .S. dollars on a one -to -one basis, that feature will be intermediated by PayPal. What's more, this is happening right away. The rollout to U .S. customers will happen gradually over the coming weeks. The company also said that support for cross -platform payments with Venmo users will be coming soon. Now, there doesn't appear to be any way to prevent non -U .S. residents from getting access to the stablecoin on Ethereum, but details on that point haven't been made clear yet. There's already a smart contract deployed to the Ethereum network to operate the stablecoin, although there hasn't been any activity so far. PayPal CEO Dan Schulman said in a statement, Now, a stablecoin has been a long time coming for PayPal. The company first hinted at plans for this in early 2022 and obtained a full -bit license from New York State later that year. Indeed, along those lines, pretty much every step of the way, PayPal has gone to pains to ensure their crypto products are well -regulated and authorized. Schulman said that PayPal had extensively discussed their plans with regulators, stating, We are in a place right now in these conversations that people feel comfortable with a respected, well -regulated U .S. financial entity moving into the stablecoin space, and I think it's an important initial move. Put a big ol' pin in that point, as I think it is extremely, extremely telling. In their communications about the news, PayPal highlighted their choice of Ethereum, basically saying that they wanted it to be easily plugged into the existing ecosystem of developers' wallets and Web3 applications as well as exchanges. Now, on the back end, Paxos will be providing all of the infrastructure for the stablecoin and will begin issuing monthly reserve reports starting in September. Walter Hesseert, the head of strategy at Paxos, called this a watershed moment for the stablecoin industry when it comes to regulatory compliance. He noted that unlike some rival stablecoin issuers, Paxos is regulated as a trust company by the New York Department of Financial Services. Hesseert said, The difference is significant because we have a prudential regulator. In our case, you have a regulator overseeing every activity involved in the issuance, including the reserve management. This means no matter where you are in the world, anybody who has this token is protected by the oversight and the rules that are set for us by New York. Now, speaking of Paxos competitors, Circle CEO Jeremy Allaire said of the launch that, quote, It is a strong signal that near -instant, borderless and programmable payments in the form of stablecoins are here to stay. He also said, I'd like to congratulate PayPal and Paxos for the launch of PiUSD. It's incredibly exciting to see such a significant internet and payments company entering the stablecoin space. This is what happens when we start to get regulatory clarity. And with the Payment Stablecoin Act, this can open up a free and competitive market for dollar stablecoin issuers with strong supervision, allowing the U .S. to compete with digital dollars that are uniformly safe, transparent, liquid and supervised to Fed standards. Stablecoin laws are arriving in Japan, the U .K., EU, Hong Kong, UAE, Singapore and the U .S. Customers will know who they are dealing with, and firms that can survive scrutiny by central banks and prudential regulators will thrive. That's the market in 2024 and 2025. Now, staying on this regulatory theme for a moment, Patrick McHenry, the chairman of the House Financial Services Committee, had a strong opinion on the PayPal stablecoin launch and what it foreshadows for crypto in the U .S. He said in a statement, Now, it's notable not only that McHenry has been consistently one of the most steadfast advocates in Congress for rational crypto legislation, but that much of his work over the past 18 months has been focused on brokering bipartisan agreement on what stablecoin regulations should look like. Now, as a little aside, it is pretty remarkable to think about how different this response is as compared to the last time a big tech firm attempted to roll out a stablecoin. I'm referring, of course, to mid 2019 when Facebook announced Libra. That announcement was met with incredible skepticism and Zuckerberg himself was hauled into Congress to explain. Now, there are a bunch of reasons why this is different. One notable one was that Facebook wasn't a U .S. dollar stablecoin, but was a Bancor style basket of global currencies in which the U .S. dollar represented only 50 percent of the reserve. Second, Zuckerberg was planning to set up in Switzerland rather than the U .S. Third, it was Zuckerberg who was already in hot water for different reasons for both the Republicans and the Democrats. And of course, on top of all that, ultimately, Facebook wasn't first and foremost a financial services company, although PayPal is also nominally a technology company. It's never been anything but a financial company. There is also the fact that simply put, we're four years on. That's four years for Congress to have learned about and be able to distinguish between. Moving on, though, let's talk about what the denizens of crypto Twitter thought about this. One of the biggest themes of conversations was talk about potential restrictions, potential censorship and whether this is just a central bank digital currency by another name. Lawyer Sasha Hodler says, I just read the PayPal USD terms of service, full KYC, custody by Paxos, tied to your PayPal login, PayPal can reverse any transactions, claim to be fully backed by actual USD. All the censorship capabilities of a CBDC, but launched by big tech instead of the government. Riot platforms VP of research, Pierre Richard echoed those sentiments, saying so -called stable coins are permissioned fiat corporate versions of CBDC. Mark Jeffrey from Boolean Fund said, so basically the PayPal stable coin is a CBDC wearing tether lipstick. But what about specific concerns? Well, the big one was summed up by Crypto McKenna, who wrote, the PayPal stable coin has the ability to freeze your account and wipe your balance. I assume all payment processors will be forced to implement the CBDC type functionality. Now, others had issues with PayPal specifically. Chairman Burr Bernanke wrote, ah, yes, PayPal, the noble crusading company that stands for free speech, financial access for everyone and free flowing capital. Notably, they've never debunked anyone or frozen anyone's funds for activity they deemed not illegal, but immoral. There's absolutely no cases of PayPal demanking anyone. And when they've accidentally frozen accounts, they've been very quick to resolve the issues and have no track record of simply keeping your money. I can't think of a safer place to put my funds. Obviously, that commentary was being very sarcastic. Now, Bitcoin or Walker writes, can't wait to not use PayPal's new stable coin because I already deleted my PayPal when they said they would steal twenty five hundred from people for misinformation. For those of you who don't remember, that was a policy that was discussed in October of 2022. Now, others are sort of surprised that people are surprised that PayPal would act like a centralized company. Bernals writes, wait, people thought that the PayPal coin wouldn't be centralized? It's a fully backed stablecoin issued by a highly regulated TradFi entity. If you thought they weren't going to ham handedly bake in token freezes, I don't know what to tell you. ChainlinkGod writes, yes, PayPal's new centralized PiUSD stablecoin has centralized admin functions, as does USDT, USDC, USDP and all other pre -existing centralized stable coins issued by trusted third parties. It's not really that surprising, given the regulatory compliance requirements around handling fiat with consumers. Honestly, I'm surprised they actually went with the traditional stablecoin model of blacklist versus a more aggressive model of whitelist. Austin Campbell echoed these themes, saying the New York Department of Financial Services guidance for licensing stablecoins literally spells out that BSA, AML and sanctions compliance is required. This is probably the lightest touch way to do that versus a whitelist or something. The cost of doing business for a fiat backed coin. Former chief information security officer at A16Z Crypto Naseem wrote, I don't get all the fuss around PayPal's PiUSD having a centralized supply management. They are a financial institution whose goal is to make money move faster and more efficiently, not to be decentralized. People need to internalize that blockchains can be very efficient, interoperable rails for many use cases, regardless of the ethos alignment. Technology is rarely used for its original author's purpose, just like mobile phones or the Internet. David Morris from Coindesk puts it really simply, saying PayPal USD will be the most censored and seized centralized cryptocurrency of all time. Not even saying that is a sweeping condemnation. It just is what it is. Shapeshift founder Eric Voorhees agreed, but put a positive slant on it, saying you should assume that all centralized stablecoins can do this. Still, the launch is hugely positive, further helps the world move into crypto and from centralized crypto, people discover and become familiar with decentralized crypto. And that, of course, gets us to the takes about how this is, one, good for Ethereum and two, good generally for crypto mainstreaming. And of course, a lot of that is about scale. Business analyst Ethan Hughes writes, over the last 30 days, Ethereum has peaked at 556 ,000 active addresses. PayPal has 435 million active users and just issued their own stablecoin as an ERC 20 token on Ethereum. PayPal has 782 times more users than Ethereum. If only one percent of PayPal's users onboard to crypto through the stablecoin, that would result in 8x more DeFi users than we have peaked over the past month. Now, I could read one of a million other bullish tweets as well, but you get the idea. And I think it's pretty crisply put. There obviously are big implications if people actually choose to use this thing. Now, still, when it comes to the big themes that we've been talking about this year, I think one of the biggest discussion points are the regulatory implications. Crypto lawyer at Wilkie Farr, Mike Selig, writes, banking regulators have essentially said banks can only issue stablecoins on private blockchains. PayPal will issue its stablecoin on Ethereum. This regulatory arbitrage has to put pressure on Congress to pass a stablecoin bill ASAP. Austin Campbell quote tweeted that and said, I've been saying for a while that stablecoins are coming whether the banking regulators want them to or not. Fighting on the hill of defending a wildly antiquated system that rips off consumers is not going to end well. We need to embrace technology and empowering the end user. Jason Yanowitz from Blockworks writes, PayPal taking on USDC, love to see it. It's easy for regulators to be anti stablecoin when shadowy supercoders create them, less easy when it's major US financial organizations. Get ready for the stablecoin narrative to shift in DC. Now, speaking of a shift, Nick Carter, one of the most careful trackers of Operation Chokepoint 2 .0, definitely sees something significant here. He tweeted, PayPal news is the first positive piece of news I've seen in the Chokepoint 2 .0 category since January. Paxos BUSD was ground zero in terms of extrajudicial coordinated cross agency regulatory harassment. The fact that PayPal was able to get this through with Paxos is telling. Hal Presett, Northrock Digital puts it even more simply, tweeting, Paxos works with finance, send them a Wells notice and shut it down. Paxos works with PayPal. We approve. Clear trend here from US regulators to try to marginalize those they feel are shady bad actors and bring in large US institutions to run the show instead. This has implications for ETFs. And this, of course, gets to what I think is the big, big theme here. The incredibly clear trend right now is that all of the big companies, the big traditional financial institutions who spent the last bull run dabbling and starting to get aware and learning and preparing themselves and who had started to spend the beginning of this bear market building infrastructure, all of those firms saw in the collapse of FTX and the following regulatory response, not a reason to leave the space, but an incredible vacuum in which to operate. The thinking has to be from these players that crypto native institutions and startups had their chance and they biffed it. So now the maturation of the assets and the growth of interest among consumers in them and on the other, the regulatory disfavor of a lot of the institutions that those consumers were dealing with. What's the answer? Of course, it's for TradFi to come in and clean up. It is not an accident that the thing that set off the recent shift in spot Bitcoin ETFs was BlackRock entering the space, the world's biggest asset manager. PayPal's announcement of their stablecoin is absolutely part two of that trend that started with BlackRock's ETF proposal. But in no universe is it the last version of this that we're going to see. Now, ultimately, when it comes to the influence of the PayPal stablecoin itself, it is very easy to do the math on the total addressable market and come away salivating. But at the end of the day, it will be a test as much as anything about whether regular people have uses that they want to use stablecoins for. Is this, in other words, just another stablecoin competitor for the crypto natives, or is it something that brings more people in? For that, we will, of course, have to wait and see, but damn, this is a spicy and significant announcement, I would not sleep on the significance of it. Appreciate you guys listening, as always, and until tomorrow, be safe and take care of each other. Peace.
"jeffrey j" Discussed on This Week in Photo
"Everything that you need in order to be productive. Yeah, yeah. That's great. That's the Holy Grail. So when we need to do another one of these with a slightly less ambition ambitious version of R two D two. Because this is like, I look at this. I mean, regardless of the price, well I look at this. It looks simple because I've seen wildly complex versions of this. This is elegant. I can see this in my house or my garage or my closet or whatever. Yeah, it doesn't look intimidating, but I was wondering, there's a lot of headroom here for the average photographer that's shooting. Maybe even someone shooting weddings or something. You know, that's doing that level of work. I don't know. Maybe I don't shoot weddings, so I don't know, maybe this is the dream configuration for wedding photographers. Especially the remote connectivity part of it for third parties that need to access into the data. Yeah, so as I think through it, I'm convincing myself that that's agreed. I should use a solution. Yeah. Yeah. Yeah, and the more I think about it, I think for a lot of people, the two bay box would go a long way with 20 terabytes and one box. Right. Yeah, yeah. I didn't realize drives were it. I didn't realize there were 20 terabytes. I remember when they were one. I'm dating myself, but I'm like, one of the two terabytes in one drive, that's ridiculous, you know? And then on up from there to 20 terabytes, that's crazy. Okay. But you're going to pay for that 20 terabytes, but it's still 20 terabytes. It might be four or 500 bucks, and I don't know what they are, but I haven't gotten one yet. I'm sticking with the 16s for Alex. What's in everything? So yeah, I think it's worth exploring. If anybody wants to get in touch with me about it or learn from will on this YouTube channel, he's got he's got loads of loads of videos. He can walk you right through the whole setup, which is something a lot of is just one time. That you can once you have it set up. It's not hard to set up. It gets a little more complex if you really want to exploit all the best features and do a multi box setup with syncing back and forth. It's not that hard, but you just want to make sure you're using the right strategy. So primary which one's copying over, which folders are targeted. Anything like that. Thank you. Thank you for putting that together. That was fantastic. And very helpful. And a 100% timely considering, like I said, I'm limping along on impulse drive now. I got it. I got to figure out my situation. So this is perfect. So clearly, synology looks like a great way to go. So it's looking at, of course, synology was on the list. And then OWC was on the list. And one other, I think you mentioned the other one. But there were three stories providers on the list. Yeah, qnap, thank you, yeah. So I've heard I've heard from more than one photographer that has decided on synology as sort of the baseline. This is where my data is going to live for the foreseeable future solution. So put another nail in that wall. So that's great. Yeah. Yeah, cool. That was good. Yeah, I definitely. And I've been running this system for about a year. So it's pretty much falling. We haven't had any snafus really not going with we've had a couple of slow down things but we'll fix that this morning. There was just some port setting that wasn't right. And yeah, so so far so good. And you have it plugged into a UPS, right? Yeah, that's a good point. So yeah, it does plug into, I'm not showing on the bottom of the rack here, just because I have a cyber power UPS that can easily power that. And then the house is on a generator so that the which I got because my office out of here. And there was 5 days a couple years ago where we were without power and that was hard. And we don't have cell phones. So that's bad. So yeah, so the UPS works only has to be on for about two minutes before the generator kicks on, but it's still good to have that. And the synology are smart, so they connect, you connect one of them to the UPS with the USB cable. And then that becomes the UPS server. And then the other units can talk. So when that one knows that the UPS went on, it tells the other ones that the UPS went on. And they all can implement their shutdown after 5 minute protocol or whatever you would set to. That's another learned something new every day, because I'm thinking archaic UPS systems that when they detect the power outage, they instantly click on and whatever is connected to them. It doesn't know, right? It's just that it just stays on for an additional amount of time and hopefully you have time to go set your computers and everything and down safely. So it gives you that buffer time. I had no idea that there was a data connection that would, from the UPS, tell yeah, I didn't know that. It will tell the tell the synology to, hey, power's gone. Initiate protocol Z, right? We can do it with your Mac. Most of the APC ABC UPS is they'll have a data cable just USB K we plug it into your Mac and you go to the power settings and the preferences. And there's a UPS tab there. And it'll recognize that UPS is connected. And then you can tell it like, well, if we're out of power for more than 5 minutes, shut it down. How did I not know? It's so cool. It can use the hive mind to say, all right, all your other synods. All right, we're going to shut down together, all right? One, two, three, go to sleep. Wow. Wow. Yeah, see? This is me coming from the refugee world of drobo. Drobo had nothing like that. That was that smart. Yeah, the Google was in the wind as far as I know. Yes, the power went out. Yeah, no, absolutely. Yeah, what would happen with drobos is I'm going to say millions of whoever's listening to this that has a drobo. It's going to raise their hand when I say this. If you've been in this situation with power fluctuations, especially at the beginning of the drobo journey, with notorious for frying your power supply, you know? So which would mean it would kind of work. So lights would come on on the drobo and make you think that it was getting power, but it wasn't getting enough power. So you just thought your drive pack was fried at that point, right? So
"jeffrey j" Discussed on Today, Explained
"Out of justice thus far i think they do. I think that they They're still very angry and are skeptical. That prosecutors are going to continue this investigation beyond a jeffrey obscene and galen maxwell they believe that there were a lot of other people that were involved in particularly men who were engaging in sex with minors and they believe that authorities should go after everyone who helped epstein. And you know. I think that there there is some concern that authorities are going to charge. You know possibly convict galen maxwell and then not go any further with the case so There are some victims out there that are pressuring prosecutors to continue their investigation.
"jeffrey j" Discussed on The Dollop with Dave Anthony and Gareth Reynolds
"jeffrey j" Discussed on Revision Path
"I was like i'm too lazy. Ramsey's paid a number so i never had that because i just made a big number so nakazawa smart new rule. I wanna get credit. It was like. I just don't want to deal with that headache. Same is true about like. I was just like i don't want to wear totta work ever. Ah don't want one of those jobs are going to go work there. Like i just wanna wear sneakers to work. I just chose that not knowing it was sort of like going to be like. I didn't choose us because it would make me money i'd choose. It might provide me money to buy a house and not have to assimilate so much did just liked sneakers than i like the culture and i think young folks are more more like the technology exists. They get to do the same. Just trying to figure out what it all means. There'd be a total about what people adulthood time. So now you have to like follow in line and you gotta wear your hair a certain way in la No thank you. But now i think it's i think it's cool that people can deliver gonna be people we'd gets a helped him. Where do you see yourself in the next five years. What kind of work do you want to be doing. Yo this drives me and everyone else crazy that i wanted to be able to. Just walk down the street and not have to go anywhere and everything Harlem 'cause made it possible bike. I went from. I don't know doing product design. Few years The continent creation now. Like i'm gonna the call right now about enough tease which i had no idea about but okay. Let's go learn about not in the process like drops and all this other stuff and this one of the thing be strategy mind sir the creative mindset learn a little bit of i think luck along the way of having some wins folks invited to parties Whether it's me or entire team. I think people trust me my team as they did better than the team starting to have their own sort of like mris below them. Kinda grow the business for all of us And even if they go running their own agencies all good like i kinda want this fund growth. Keep think i used to say making stuff was like cool announced to the point where it's like making supper taken a different personality given like Dot sustainability and. Sometimes it's like not making stuff is the answer but figuring out how like my biggest thing. Tons of conversations with the last three months has been on housing justice here in new york city. And i think that's not the standard conversation. Maybe a creative. But i think the thought process in the connections in in the myself my team the folks that hang out. Rick bring to the table. Just i dunno opened up the vision on some of those things are many when i say like twinning thing. I say this like you can create. I dunno systemic change in harlem in atlanta lokeren. Like in places like detroit. I think if that starts to stick and ownership becomes like a big piece of it i think in some conversations going to be had And then let's talking about ono. Forgive them a chance. we're good. We did this good. And i think that's where i'd wanna be even if it's not me just hanging around people who are doing those things that's my five years ago just to wrap things up here. Where can our audience find out more about you and about your work on line so definitely come. Hang out for the most part. You wanna find out about all the fun we're having find. It's a good things. Gw dta in digests sure it'll be being the bio and byline. That's what we have our fun as we give back to the community that we show how we hang out we want to book of business definitely come to end dot com keep professionally rattus checks while good ready to do stuff then definitely. We're making some shoes redoing a payroll nex ninety nine products jackson. Y my guy voices city a few hustles going on some fun so please. You don't have to read. All the reading numbers is doing gravy appreciated but you can come check out and see the creative stuff we're doing. It's good reading yeah. Don't don't listen to jeffrey henderson. Thank you so much for coming on the show. I think you know from hearing your story from looking at your work and again even from the research that i've done i think to me. There is a certain deep sense of thoughtfulness that you bring to your work that perhaps i don't know if you even recognize how awful it is in terms of doing work for the community and making sure that you're creating this nurturing space for young creatives and everything. I think it's something that more of us need to see in the industry like we need to see. Of course. I think just more black agency owners but also more black agency owners that are kind of bucking the trend or changing the paradigm of showing that. It's okay to be thoughtful and do great work like this and not have to stick to you. Know any sort of archaic or draconian style of running a business that you can. You can do great work and have fun and it can be a nurturing space. And i definitely see that care office that you bring to your work. And i'm i'm appreciative of it. I'm sure that folks listen that way as well. So thank you so much for coming on the show. I appreciate it. Thank you so much on. Glad to be on that list and like on hundreds of people who you think visibility to our level. Judo colorado can be happy to help. Thank you A big big. Thanks to jeffrey henderson. And of course thanks to you for listening. You can find out more about jeffrey. And his work through the links and the show notes provision path dot com. And of course thanks. To our wonderful sponsor brevity brevity and wit is a strategy and design firm committed to designing a more inclusive and equitable world. They accomplish this too. Graphic design presentations and workshops around a inclusion diversity equity and accessibility curious to learn how to combine the passion for ide- with design. Check them out. At brevity. wit dot com brevity and wit creative excellence without the grind. Revision path is brought to you by lunch a multidisciplinary creative studio in atlanta georgia. This podcast is created hosted and produced by me maris. Cherry with engineering and editing by rj. Basilio our intro. Voiceover is by music. Man drei intro music by yellow speaker. So what did you think of the interview better yet. What do you think about the podcast as a whole. Don't be a stranger talk to us. Hit us up on twitter or instagram search for revision path. All one word or you can leave us a rating and review on apple podcasts. Let everyone you know. Know about the show because it really helps us grow and reach more people all around the world as always thank you.
"jeffrey j" Discussed on Revision Path
"jeffrey j" Discussed on Revision Path
"Problems but hopefully of becomes the case. Why i have to say. I could not stop reading. I think are fantastic writer. I think should keep it up. No one knows that. I'm paying you and to say look i was gonna say that before the shoes but there's no kidding no seriously though i mean as i read through it. I think it's important. Not just i mean as you're talking about to put your thoughts down but as you also said for other people to see not just your kids. But like for other designers to kind of stumble upon. This is what it's like for an agency owner when they're working on projects or do you think about the work that you do when you're creative process like that kind of stuff tends to not really get shared certainly not from other black designers in that way. I think i was listening to one of the interviews. You have before it was. You brought up that you know you can throw in tweeden. How deep does it go. But how long does it actually stick like lost universe. Nothing when you actually write a book. There's a little bit more staying power. And i think sorta long reads the challenge. You like follow a story. That information i think are very powerful. I think there's also just some people would rather have like the three hundred page book about. Its applicant some people. Want like a tick tock version of the same thing. I think everything's not for everyone. So how i communicate may not be for everybody like i apologize. You had to redraw those but for some people they enjoy reading and some people are like. Yeah read like the first relying on the way to go not. I read through all of them because some of them talking about different like projects that you've worked on the recent board appointment that you had mentioned so like it was it was good to sort of see it. See how you perceive the world through your eyes in your words and how that all because like for like me. Like i wouldn't know what that's like but to read your words on it it's like oh that's what it's like like just to kind of see that perspective is important now. I think it's an it's really powerful when you don't have enough voice in in jobs from people who look like you who might be the same things and sound like you not only for you to hear go. This is what it's like. When i get there but also i think i wrote one article about one of the nicest guys on the planet. He posted on instagram. Like a photo of the nineteen design. Sort of off side of the picture of all the niners really much all white folk with you can take out the three or four people who are white. And when i saw that like i had like anxiety just looking at the picture because i remember going to those outside's go online. This is weird like him. Not knowing who our who say to accept to like people there that were all kinda like looking generally But it is what it is. Someone just hosted like the phrase it is what it is on twitter and i was wondering why that's a very like dark expression for glaxo because it's almost like giving out like a loss of hope and light. It is what it is. That's sort of is not. Would i think other people might think it means. It's definitely like we've done here like there's nothing we can do like it is and i think changing like a nike became like something so many of us focused on that. I don't know who were able to by putting a dent in it as much as wanted but definitely some days felt like it is what it is and i've taken your brought out all that anxiety and i told them yellow you okay. I'm gonna actually use article. I'm going to write your name and saving a good dude. You are also explain like this is true and it's funny. How many who reached out to me after on both sides who let y'all i thought this like i didn't know how to feel and i know what to say the canal like on each side which is interesting and it was some people were like. Oh like you never activists aaron. It's like maybe. I didn't know this award. Maybe maybe when you me i all with is what it is so must point telling you about it so now right in his latest let people see would really was even. If you couldn't do it a real time I think it's also can also of serve as a mirror back to you particularly in terms of like colloquial language. One post on here called who. I'll be there which is so common. I think for any person color going somewhere. That's like mixed company. Yeah you're going to be there. Like i need to know like what i'm stepping into or something like that or even like will be posted are like named after a song. Titles one call shook ones or something like that or even one where you're like breaking down the cost of a shoe you know or like the materials in everything that go into it because people will i think certainly what the inflated kind of sneaker economy now people will look at a shoe and wonder why it costs that much but not thinking of everything that has to go into with research materials and all that sort of stuff. And what's funny. Is i think and i watched what's happened. Like in the last twenty years with journalism is that i don't know maybe twenty ago there would be especially sports. Journalists conner started by. Oh this hip hop journalism. He speaks macular that connects to the people and uses hip-hop slang yada. It's or y'all just letting him right and right and what he would write to. Its friends like it and so for me. I think that connection point of colonist shook ones is not like i'm not trying to connect with you. I'm not a pound. it's just like you know whereas from from so like that's how communication work like. I don't know any billy joel song to impart to you And if i could connect with all do billy joel. People listening like notion joel. But that's sort of. I'm just talking the way i talk in. The group jets were folk. Yeah oh is sort of. I think that was in writing. Help me i talked about this. Last night i grew up swearing of business in. I don't know if we cool. We know delay. I could swear lesser reich writing all right. Let's change some of those words Sometimes it'd be the bees. Yeah answer your pointed. Also you know. I think as reflected through the makeup of your team shows them that being able to express themselves authentically doesn't make them any less of a professional would wile is and i talked to some talk about this a lot with folks who are of my age group. Who are on this weird late forties early fifties where we sort of went through. Write a history of ryan trying to coats. Which like i said. I don't know five necessarily good at it. Like i tried it enough but almost anybody bought it but the idea that young folks don't care to code was like just show how show up and talking to like folks were my age. It's like don't get caught up coast which The young folks call you out on it in a by. Don't have time for you to be more about what you've gotta bonnet on at the airport like it's just not as you every day and it's difficult because we came from an age group where we were taught like when you show up you have your in their space..
"jeffrey j" Discussed on Revision Path
"Like i literally have a spring in my step is what it feels like. Those you forward is meant to be. It's meant to be that. So that's good in terms of the personalities just does not the functionality. Yeah and then. I got another like honestly i got a card in the mail from dsw. That was like twenty five dollars off a shoe. I'm like just get some more and like knock around shoes. And i got some sketchers like slip on their the waltraud flex two point. Oh mercan slip on sneaker. And they're okay but like one of the shoes fits and the other one is too small because it's not wide enough for the other foot so i can still wear them but they're just there okay and i mean after this. They were like twenty five bucks. So i'm like this is this is just semiconductor on and like check the mail or something like that. So so we're gonna get you into some john's you won't be going to say nothing but good things and then you had so you wanna graham gonna give all praise mike if you don't you never heard of this so good. I'll put a link to this in the show notes that people can see like i'm looking at it now. The the jackson y see john. They come in like this lemon ice yellow like like classroom chalk yellow which is an interesting color way. I like it also coming grace. Wait wait oh yes see. I'm scrolling down now. Okay scroll now and so. The yellow is interesting though and that was based on so my brother his kidneys failing. His feet started swelling and needed like wider shoes. So i put him in some birkenstocks which he was good with but he needed light. Some actual real shoes to get around in because he's in ohio in winter are so i was working with his brand in china and they made this shoe for seniors branded elise and saw the shoe is like i don't know kind of the way they created. It was very much like oceans like it just had this diet to the sort of function. I and it just didn't know cool. I was like yeah. Oh can we make these in. I swayed and then can't we make them in like some monotone colors that i don't know you'd think you like good and they were like. That's not an oakland. When i was like you know were like all right so blessed us with some tears just to try out and people were like. Y'know i can look good like and we kept getting hit with. I don't wanna wear them out. It was like oh interesting about because they were all swayed and they will get them dirty because they look so nice like the stop wearing the shoes that you hate because you get dirty and where these and it was interesting because we made our conservative deaths that we'll make them in gray and we'll make a yellow thinking that you people will want great because that's normal but you know we'll get some daring people to wear the yellow and it kept going like big. We sold out of the yellows in most sizes. So you have your side. It'd be lucky but for the most part we have grades left because people wanted like a one eight to stand out in the way that wasn't like cloud but also they didn't want to look like i am the old person i am and i think that again it goes to wasn't so much about designed design should work but sometimes it's color materials that yeah plays into how people feel. It is an appropriate amount of swag like. I'm looking at the photos like this one where this dude is getting into like a rag top convertible and his. The color of the car and his shoes are pretty much the same. I'm like that's kind of. He's because he's wearing a black jack and it has on yellow shoes. And you see like the black ragtop. The yellow paint like okay. Bet all right cool. Well we will definitely talk about that after we after we start recording. 'cause i would definitely be on the market for these look. These are great and it's interesting that there's this personal story behind the designed to get you know from just talking with you and learning about your history and everything is that eventually you always bring it back to the work. Which i think is something that's is indicative of people that really have a passion behind what it is that they do even with the name of your studio being and them like you're taking the onus and the focus like off of you it's really about how the work is being received in the world and how people are using it which i think is super not just i think super important but also super inspirational for people to see because i think especially for younger designers. That can be this. Want to kind of do the biggest flashiest stuff all the time or like like the stuff that they want to do that. They feel like may point out that thing in their career or like put them on the map or something like that and really if the work that you're able to do is like really changing people's lives and affected them. That's hopefully just as as good as a take away from the work that you do not condense. That's well said. I think even the work that you're doing you talked about like it took you a number of podcast in a number of leg folks outside like cosign for credibility beat with other people but reality is. You're going to do it because you thought it needed to be there. And i think that's very important for people. Don't understand that sometimes people won't come out to you. I show people won't come out and see by the first game. Plan is may not be great but if you know why you're there and keep working on your craft and you get better. I think it didn't pays off and it doesn't always have to be did. I don't know how the biggest show on the planet. Sometimes it's about the. I do really good work in where people happy so now definitely whenever we can use our skills to make friends and family happier and when they bring us friends and family that we can work with. We're happy to sort of use. Our skill set at to sort of make the lives. Better we were. I know that we technically announced it. I guess they announced it. A working with this reinvention lab out a texas group out of america to kind of we ran a shoe contest and they got to actually find organizations within their group to design shoes and they got the work and was interesting. There's going to be a winner. We're actually going to sell some of the issues that they made and they were like. Oh yeah we don't want more like just going. Through the presentation process designers look at things they have conversations about like just. The design process was new to them and that help them understand what they bring education. What they bring to laying out curriculum. Which i sorta like hanging out with chris. Emden hip hop ed. Like the way he talks about a pedagogy like those are things that i take internally as normal but they had to go through this class competition to like take in oh design thinking is not just for designers like it helps us and so that was really gratifying to see like even just our approach and our process could bring something to apple. Tv so and speaking of school. I mean you're on the advisory board for a school in new york the business of sports school and most recently. He became a board member at no. Were you what's the importance of sitting on boards like this. It's.
"jeffrey j" Discussed on Revision Path
"A big trauma built. I'm not. I'm not a big shoe shopping person. It wasn't until that was well into adulthood that i saw podiatrist actually got like my feet measured and all this sort of stuff and i have been wearing the wrong size for well over a decade wrong side issue. I wear about a size ten extra extra extra extra wide. Like a ten forty and usually what i was getting was and i mean you know growing up of course it would change my foot change but like right now are usually rock about eleven is pretty good but like if one was an eleven and the other was an eleven and a half that would be perfect because even on the other foot which is bigger. It's still like very constricting and most wide shoes are hideous. Your footwear design even talk about this designed for like medium shoes. I mean the sky is the limit you get to watch us. And everything looks like orthopedic shoes. Why is that. So there's a little bit of light bell curves and so quite typically design goes to any. You'll notice that most things when they're in a smaller size they can be. I guess the word is there more More feeling and they're don't you can get them in different colors and they look nice and then you get to the wide shoes and it's just like it's like what i call the teachers which of the monarchs from from a nike like. That's all you got. I know i know that's probably issue negotiated but a lot of it definitely built on again. If you making your money in one area a lot of brands don't spend a lot of time like in other areas and so you get some brands who may find that the customer so my guess is you buy more than your fair share new balance. God yes how did you. You're reading my mind. Yes there was a time in my twenties ahead not a lot of different color ways of new balance but the new balance. Not the nine ninety dollars. I ended up getting before. But like the i forget the numbers. I knew balance five. Somethings i had those. Probably every color and it kind of becomes your uniform okay but then when what ends up happening two things happen. Everybody who resit same foot is wearing the same thing. That you get lumped in a box. Yes and then. It's one of our. You have wikileaks so you have to new balance and then there's not enough. Let's do something different so you have fine brands that sorta i dunno care. Show you something different. And it's not easy so it's the new balanced five seven fours. I had in so many different color ways. Because they i mean an eleven. They still fit. They still were pretty y. But i had those for a long time and yeah there was that association which is actually why i stopped wearing them. Well that in my podiatrists was like you need to start wearing these favorites. Like stop. wear these shoes. So what's funny is It was a podcast over the clubhouse and my friends simone runs it and she had the President of rhonda's brando and hear her talk about inclusivity design. That what rana wanted. She was like look then. Were two things that quickly and easily made making intimate wear for a diverse population of women. Important one was really easy now is just shades nude like just what is your show. She was like that was really easy. Every brand could flip which immediately and go from light to shave the new to twenty shaved new because there are different colors of people and so she was like that was actually. It's more of like a decision you have to make. And then it's the supply chain thing it's operational blah blah blah. Pretty the really difficult one is when it comes to physical shape and size of one you have to have people in the building who can relate and understand like not everybody in intimate is the saying size sixteen. Sometimes you're sixteen of dot from your sixteen bottom like it's just different shapes and if you can't have a real conversation about it because the right diversity is in. The room is not in the room. Then you just end up making like we just looked saying thing and made it bigger and then you don't right answers and then you get what you've been with skinny people fat people want and she was like. It's not that blunt but you also get what's getting people think super skinny people and she those words. She was getting like yellow light. It just doesn't help and they don't know until you bring people in the road who have wider or like our last version of the says like no when you make the largest is is it better be just as beautiful on a person has when you make the medium size like. That's just what should what should be done. Some when we were making the next versions of the point at a lot of flat. Because i know a few football players who relied assize fifteen and asks. You only went up to a fourteen in like jeff. Jeff yeah like what are you doing this next batch and it costs money like we had to make molds. We've gone up to the side seventeen with us. Thanks us and we'll try to go more but like it costs money to get married. You need people to actually support. So i sent you a link. You'll see the jugs. John but comes in like for e times will saw there. And you'll try more and oh it'll be different and whether it's your cup of tea or not the ideas that when you wear them you'll know subway here and you'll see like oh look hideous. It doesn't have to end is kind of okay. So i think designed could bring that to people especially shoes. Yeah so to answer your earlier question about what. I'm rocking so i do have kind of my two that i tend to sort of vary between one is like a all black like reebok walking shoes. I don't know what the the name of it is. But it has like this air bubble in the soul so like it's very bouncing wanted some just like straight up like black minimalistic sneakers and i can just throw on with anything and then i do have a pair of monarchs that actually had to stop wearing because the cushioning was too much ike. It was like my foot was in like a spaceship. And it's funny. Because i remember when i first got those shoes i would get so many compliments on them. And i'm like things and i didn't know if it was for real because i honestly got them because they came into wide with my podiatrist had recommended it and when i first put it on i was like oh so this is what it feels like to walk without foot pain like now the she actually like. But i i still have that one for every now and then but i just bought three pairs of shoes recently. I don't know this. Because i got the vaccine and i feel like i need to go out in the world but i got three new pairs of shoes recently and they are different in different ways so one is a field issue. It's a oakmont mid am. I might podiatrist recommend it. Because they had sold and he's like you kind of need more of like a almost like a boot type of shoe as opposed to maybe like a low sneaker type or something and so i have those and those are great. Those are like ask kicking shoes. I love those shoes. And then i got a pair of hokka bondi seven. I just got those a couple of days ago. Actually and i might send them back there too bouncy. They feel like. I'm wearing moon shoes. Like if i needed to jump and retired things i would probably keep them but like i'm walking and i'm like whoa literally.
"jeffrey j" Discussed on Revision Path
"And like so we were looking at old pictures and stuff like that from the past like man. It's it's such a trip. How atlanta has changed since then because. Yeah when you're hearing college. I mean and it was like i said georgia tech but certainly morehouse into a you. See like the clubs would send charter buses to the campus to like pick you up take to the club you go and do whatever you want the club and they'll bring you right back to campus. So you ain't got to worry about trying to catch. Marta trying to catch a cab. We're trying to bum a ride from somebody to get back. You know man. Come down to a pregnant oldest amazing and i was like notices. Terrible anybody's life traffic jam. And it's all these people like every rare like hanging out. It's like yo aachen on a random tuesday phipps plaza. And it'd be bombed out yet and it's just a mall like the mall so i missed that atlanta. I mean i can't tell you whether it's chains. All i know is i'm old mouse change so i mean there. There might still be that same live nece dependent on what the event is and this is probably pre pandemic but like now will probably ending gunshots. Like they'll probably be some kind of violence that breaks out. So it's definitely not say harlem in kinda trying to figure out where it's going to be annetta level. Which again when i moved here. I'm not sure will figure it out. Yadda yadda yadda and the without really loved about being atlanta. And i think it was a combination of the immigrants. That was there. But i didn't know it was going to be there. Atlanta population that was like it was atlanta and then it was like the rest of georgia. Three you don't know if you just move. I lived also buford highway. Oh wow okay okay. Yeah the sued was amazing. And so oh man. I bet yeah that had sort of leg if you don't know atlanta those things don't mean harlem is canada's same way and so being able to pick up those pieces of going from like. Oh yeah i'm missing. I didn't really realize it until i got. The harlequin started walking around like yoda's spills like swats. Like i feel like doesn't mall. Hit has green brought. Like you'll like this something here and i think that goes to write the creative conversations that are having by unapologetically like your Lap folk then. I like encourage zeina's sarah. She's from columbia namely yo brain columbia to the projects like that. We work on. Please bring them all out. I want to see that. I went to fill your homes near because like folks kind of went back from a creative vision at this point in. If they don't don't know maybe carney's yeah so what i'm hearing is. Correct me if. I'm wrong here because i'm coming up to a question with this. But you grew up in dayton. You went to purdue which is right across the way in indiana and you come down to atlanta and then after that you're sorta in tokyo. What were you searching for during that time being in tokyo or no. I'm talking about like the entire journey. Like was there like a feeling that you were chasing or or like. What was your drive. Throughout that period of time it's like this unadulterated push for something different. Something new that was like a twitter both awhile ago when somebody going to animals. Because i want to me like. I'm like untidy saying meats and i'm kinda like that guy growing up like always wanted to use it but i thought everybody else did and then as i got older. I still wanted the new music i wanted to shoot if i see in. This is definitely like a need of all things like ac- somebody wearing a pair of shoes that i haven't yet. I got those shoes way. Everybody's like on his jordan. One thing i'm like. Oh i just put those away like i can't walk out for house and it's not because i'm a sneaker do it is because like i just feel certain ways so going to like purdue like middle of nowhere west lafayette. They had what i thought i wanted but it was also something different. Like tokyo was like yo. This is the wildest place on earth in terms of like the visuals and the culture in the class and the people like language. Everything was like yo wanna do this. And then i got done doing like yeah. We're good let's go next place like it just became this constant hunt for something new which still kinda have i think as i've gotten older the combination of new plus your home like i like walking out the house holy feeling like i'm out and think all those at a time it was me going like what's the netra when i got to nike like the first thing i said was like i think this is a compensation with take your any. What do you wanna do first. Words right now basketball. Because i grew up playing basketball new basketball. It was just like it was a second. Social life Wanna do soccer. I want to do something like i have. No business doing so. I can be a whole nother world to see something you meet people for up kids. I bicycle new basketball but like trying to do something that i don't know i drove everybody crazy though is trying to do something different. I think. What's interesting is that question. Also pretty much takes what my creative kind of processes was like and it was interesting because nike figured out before i did and so two fast forward through all the headaches i five. Six years nike before got to japan was what they taught me. Was that if you put me in a functioning business where everything's great design is great and everything. I will jacket up. Basically because i ask questions of why are we doing this. Why are we like what else could we be doing. Like almost getting to the point and start over and so figured out. Yo let's go to places we know should be big that need changing but the people there aren't ready to change it so basically i became like one of the people that nike would throw into a situation that needed to be changed but they didn't know how to get the people in the business changes so i always say like my first conversation of solving any problems lack i we here. What are we supposed to do. Like what problem are we trying to solve if we don't get to the original lie than by we're just putting band aids on things like just covered out and grow rapidly to go to the next day and so i have this underlying question. Niamey larry. it'd be better. It'd be like better better really better. So let's get to the wire matter. And so i think going to new places whether was going to purdue or going to georgia tech or go on routine are going to tokyo coming to new york city. It was always like. I want to get something new something different eventually. Like i'm ready to chill now. Like i me and so how can i provide opportunities for my young team. Not tell them all the time right. I don't want you here like i want to japan. I want you to go to europe. I want you to go to your whatever that might be and then you become back. This is the right place but dough. See the world because it'll make you stronger and give you points of view. He won't get if you just stay home. What something about footwear. Or just like footwear design that the average consumer doesn't understand funny. We just had a conversation about why i do shoes and it's always funny. Business thing is that. I ride for wrong like i will measure people from the ground up or but i wish you better and it's not always the measurement that people think all you have expenses like now now i can take light. Must stereotype is nothing based on anything else other than legacy which you have more right now on how you're wearing them and i'm gonna make calls about you without right or wrong. I think that is probably been one of the best.
"jeffrey j" Discussed on Revision Path
"Of the world is meaningful. Bird our now replaced by Specially by the way they know how zone sort of history with like crime and drugs and sneakers and everything else to wear like the most prominent sneaker mall in all of america was the small little mall in west side of dayton that had the best footlocker sales like period. When i got to nike salespeople like oh salem all show they allowed business lands. You track Day no high memphis. It's where underground railroad. There were a lot of stocks and that three major ones and sounds why wilberforce essential or state with a lot of black broker. Right there so when drug money started coming in drug started working their way. No those are the same. Three places that folks stop dayton ohio kinda grew like music and drugs like it was a big big big Especially in the late seventies early eighties. So so we've had one other person on the show from dayton. Yeah hannah declare. She was episode three hundred back in. Twenty nineteen okay. Yeah you said that. Initially i you kind of like set. It really quick feels like wait a minute. Do i know michelle from dayton. Because i remember one another at least one or two other people but her specifically remember because of that episode. But were your parents really like supportive of you going into design like i'm curious you know you sort of said before like if you ask any black person about sneakers kind of they're going to kind of already have a cultural connection to us. I want to ask you that specifically but your parents kind of behind you going this route with your career in no way shape before based on this. My mother was a teacher and reality. Cheated care what. I did as long as like i tried my best in my. She was the person who like no matter what it was. She put arden refrigerator. As you did it you are and she was a middle school teacher. So she kinda had in her. You can do whatever you want. Believe in you yada yada yada to the point where you almost didn't believe whether she admitted an odd because she said he'd like every day all time but you always had someone in your corner so i think my mother wanted to hacking what it's accurate but you have to realize like this was nineteen ninety. One sneakers weren't real thing. They were sort inside compensation to the point where by it wasn't till i got to cole. Haan where the question like. Why does nike all cohost. And because it wasn't making any money for nike brand and it was because in eighty eight phil knight knew that the industry common thought was if you wanted make money speaker l. brown shoes sneakers and make money. And so he bought cole haan in order to make money well fast forward. Few other people may sneakers life but regular topic so sneakers win. A real thing and reality is my father who i didn't have the best relationship with. He didn't say anything like he watched. Because i had this engineering. I was getting his engineering degree from some procedures schools and i had a op at internship with. At and he was like oh set so he were he. Just let me be so. I graduated when the degrade engineering three years of internships with. At and t. At that time was one of the biggest design engineering companies. Like in the us. And i did not pursue going. At and t. I took a job doing blueprints in beaverton oregon and my father were the only reason i know i mean i know. He didn't say a word but Maybe three and a half four years later. My parents come out oregon by that time we had maybe had like a i. Kids rain was like a year old. And they're watching raymond. So i come home after work and my father had come to. I don't know if you know anything about campus. The michael jordan building is not center. Campus coincidental campus and right next to it was is track under the trees and his basketball courts right next and so. My father ran track for university michigan songs. Right now you can go out and on the track just the car till the guard you. They're like no one will care. So i guess he did that and then when i get home after that day. Mother's laughing now. It's like funny like your father finally gets it. I was like now. He had never said anything to many. Never might complain about working at nike. Nothing said she's right and that's probably one complainer. He he of saw it but again it was like my son has an engineering degree. Took his first job Blueprints nike very. He got a job drawing kids shoes in nineteen ninety doing basketball shoes. He just he just didn't add up in his mind. Yeah engineering degree and get a real job in. Its mark which was an from ohio. Like you can go work at a car company and like what are went out here in the pacific northwest and i guess he started talking to other runners were on the track. My father was running. I hear anything for. So he was bonding with the people in the china's auto son works over in design over like in that building. Now as we all know at this point lead designers at nike treated like they can welcome water so he started saying my son works designed to attack one. I was like one of four. I don't know black designers in the been so either knew what was or they were just like oh yes designer as so they started talking to him and he started realizing. Oh maybe this thing and so he started asking what they do when they were not rattling off like just signed a deal for the nba. Or why did this. I like big things that he actually understood. And at that point. That's what he's like. Oh now because my father didn't add like titus relationship he never said anything to meet for or against but from that point on i knew that at least by men he noted. This wasn't like a mistake that i made. He knew that like oh. This was something that was real. He would shoes with a little more private. Meanwhile my brothers. Walking around like oh remember designers. We didn't matter what she was. yeah he did. Tell me what it was like living in atlanta when you went to georgia tech because you went you lived at atlanta during. I think like keith atlanta. It is freak. Nick is the olympics. Like and like. I think also like the burgeoning hip hop scene there with like so so def and stuff like what was it like being in atlanta during that time so i was the biggest nerd who did just merely to go. I'm coming down here. I'm a find a why is talking to the world good hanging out and hung out like hard for three years like as the biggest nerd. Like not even cool. What so ever and it was everything. You just name was pre olympics. Everybody last up at was. What is it. My buddies roommate was a bouncer at the gold club. Oh my god a magic city we go sit at the bar with like no money like just trying like no. We had zero money. We separate bar order like water. That can still happen today. Know.
"jeffrey j" Discussed on Revision Path
"Are you looking for a new job. Are you hiring. Can't find diverse and talented candidates. Then we have something that can help our job board just over two revision path dot com forward slash jobs to browse listings or to place your own this week on the job. Board.
"jeffrey j" Discussed on Revision Path
"All right so tell us who you are. And what. You do so jeffrey allen. Hindi cinema creative based in harlem new york Team about ten. We take one. Everything from product design to content creation has the european knowing so far. Ooh the years actually ran pretty good. We actually had a nice growth year not in terms of state business. Businesses always been pretty standard even when we went through the trials and tribulations that code. But i think i broaden young folks for the first time and made it official last year so we had some growing pains in terms of people just learning how to be creative in like sort of corporate settings knock corporate setting so that was very new to a lot of us and having agency. Don't like that this year has been. I think an extension of that banana. Everything's opening when the team is definitely more seasons. Surround more exciting because of things i know we can take off so it's been pretty good. I mean i'm i'm pretty sure. People listening can hear the birds in the background. Sounds like you're like some ideal spot right now which is good which is good. I think after the year no no no after after the year. I think all of us have had a little bit of mother. Nature's is gladly. Welcome at this point. Do you have any plans for the summer with agency. Oh this summer where what. We're trying to get back together jordan. I guess january of this year. We had pretty much all tin folks in harlem essentially about five of them stadium. We have a studio here an apartment that we actually ran out airbnb but when we don't it's actually our studio so everybody was sort of working together and that was i. Guess when the world was still kinda close saw. We're gonna try to do a little bit of data again since we can't really travel to the places we need to travel at work on. We're gonna just come back. York settled down in light. He grow
"jeffrey j" Discussed on Monocle 24: The Bulletin with UBS
"Had socrates. I love that collaborative spirit and energy dignifies again. It's like what is craft an art and it elevates at all create. something that's new and different. I think i'll tell you know interesting digital media. Because i feel like i am making this work for other native audiences that are kind of spread out because we can send video digitally so easily we can show it. I just think it's important that this community of artists who i'm working with you know we really have a lot of power to kind of support ourselves in many ways that i just keep thinking about. Maybe even the way that i went to grad school that was significant for me. I mean it's a huge deal. But that kind of i don't know just ability to to operate as if there are no boundaries. I like what's happening. San instagram where artists can be you know self actualize and put themselves out there without you know always waiting for the gallery to come and save them and make something out of them and i i loved that energy and i love to see these artists taking things into their own hands right using media to share their work. You're asking me. Do i feel more pressure now at this stage of my career. And it's one of the things what you were just saying. I feel like it's it's my job to keep my practice going. You know it's like my job to develop the paintings further. It's my job to develop the text further and hopefully. I've got a lot of years to do this. Still but i i think another thing that i always talk artists. I'm just like anyone else's job to make your work for you or tell you what to make or to tell you what's interesting. It's like you've got to go. Do it perfect. Well thank you so much for having us here. Jeffrey wonderful to be in the space..
"jeffrey j" Discussed on WGN Radio
"Jeffrey Copan with Northwestern Medicine, tells WGN's ended Atlantis. He's a fan of the proposal. Any of the things that can make this fun in provide an incentive the people want I think we should be doing. You know, we want to get us many people vaccinated as we can. And at this point we just have to be more creative in coming up with the incentive structure so people want to go ahead and get vaccinated. Bill would relax state regulations to assure bar owners they would not run afoul of the Liquor Control Commission for offering free liquor to patrons as a way to promote vaccinations. It would not use any state funds to reimburse bars for the boost. No charges will be filed against a juvenile involved in the death of a 12 year old girl, Erica Gibson because of access to an unsecured gun. Gibson was shot and killed Saturday night. Hazel Crest Police issued a press release this afternoon, saying at this time, the investigation shows this to be another case of young people having access to an unsecured weapon in a home that had a tragic ending. Officials have not said if any charges are possible for adults in the home. Three United States Army soldiers have been charged in federal court for allegedly supplying guns used in recent Chicago shootings. And homicides. WGN's Jordan Burn Field reports DaMarcus Adams, Jerry is Bronson and Brandon Miller are all enlisted members of the United States Army and stationed at Fort Campbell. All three were arrested this morning for their alleged involvement. The investigation into the soldiers began after one person was shot and killed. Seven others were wounded at a South side birthday party on March. 26th. Police say five of the guns were bought from a Clarksville, Tennessee firearms dealer by the three soldiers. Authorities believe the three men bought 91 Firearms in Clarksville and in Kentucky. Gordon Byrne Field. WGN News. The three men have been charged with transferring a firearm to an out of state resident making false statements during the purchase of a firearm, wire fraud and money laundering, among other crimes. If convicted, the three could face up to 20 years in prison and the National Rifle Association will not be able to declare bankruptcy and moved to Texas. U. S District Judge ruled the evidence shows the N R A was looking to avoid dealing with litigation in New York. The group had been civilly sued by New York Attorney General Leticia James claiming fraud and financial misconduct. And Array executive Vice President Wayne LaPierre to testify that he would not have filed for bankruptcy if it wasn't for the suit. The judge believes the answer is in good financial straits and would not be harmed by New York's suit. And now the WGN forecast mostly clear skies. Tonight, Areas of Frost will be likely down the 38 degrees for a low sunshine on the way for Wednesday and Thursday highs in the mid sixties there Friday. We're into the upper sixties under mostly sunny skies, but rain on the way this upcoming weekend highs in the upper sixties. I'm WGN meteorologist Dimitrius Ivory. Your money on WGN. Triple.
"jeffrey j" Discussed on MinddogTV Your Mind's Best Friend
"At nighttime on the night shift and it was a the guy that reviewed it toward the hell out of it. And i watched the film and i said you know what i think. This is a pretty darn good film. You know the act. The director did a great job. The girl that played the lead which was really good in a role and there was a story behind and eventually i kind of knew what was going to happen but it didn't matter that i knew because it still was happening along the way and it still kept my interest right now and it was a slow burn. I you know. I fifteen twenty minutes slow. The boy did it pickup right now. I think the point is is very similar to the music business If you are the rolling stones you can do whatever you want because you have that sixty year name. If you're the new kid on the block you have to have a pop single. It's gonna grab them in the fresh ten seconds or you're not gonna stand the chance. Same thing is true. It was filmed. If you're martin scorsese you can do whatever you want. But if you're working on your first time film and you want to get it into a film festival a you better be able to impress them in three to five minutes or they're not going to stick with it long enough right and and and i and i still gotta say though if you're a martin scorsese or a whatever director you wanna use They gotta get their start looking at martin's daughter sophia. Mckay she. She's a director. You think knowing her dad didn't help of course contacts. We're talking about contacts here late. Yeah they fear What's her name coppola. An all all of those people I you know to fear. Couples workers at your coca cola. I had the wrong name. But I don't think she would have been a a cat in the shot. She did have not been a coppola. I was actually in the godfather to. I think she was the bay. You're right yeah. So i mean. Of course you had that The name on alone help make a career. It's an important part of it. But i appreciate your insight today. We are at a time here. i don't know what links i'm going to be putting into description i have your website up there I just want us to talk about quickly before we wrap this up on your facebook page on. This might be an old Thing here but it says first off. I'm not a director that that dot yet is that yet. The a have a I don't know a day or a and a goal in mind when that yet will you can take that yet off. They're actually thank you for bringing that up. I i will change that The only thing is i i i. I took facebook break for a month. You for a month it. It just got to two political to inundated with you know. Everybody thinks they're right about something. And you know no matter what opinion you give some is gonna knock knock you down and you know territory shreds. I said you know what. I'm just gonna take a break from this for a while so i'm not on it okay. I just want to adams correcting me again for those who will join us to discuss the rapture. But haven't seen the movie before it's not necessarily a slow burn. It hit you right away but it takes some disturbing pants. I couldn't i couldn't twenty told me it was. It was a slow by ninety to prepare for that but Maybe i'm wrong. Obviously anyway Jeffrey decade for For joining me for this hour and making Making entertainment this afternoon on a snowy day. Here in the northeast. pleasure sir. Yeah if you could send me whatever links you want me to promote and put them into description and we'll send them send them month you and maybe we'll talk again. Yeah sure. I'm sure we will out with same touch another. I'll talk to him. Thanks certainly this episode is brought to you by. Put me in the story. Put me in. The story creates personalized books for kids by taking bestselling children's picture books and well up characters in allowing you to create personalized books. That make your child the star of the story alongside their favorite characters. Save twenty five percent storewide when you click the link on my dog. Tv dot com and use the code. Save twenty five. We're also sponsored by the lovely lovely asia online stop for modern irresistible affordable. Women's clothing never before has dressing yourself. Been so easy lovelies carefully. Curated selection of apparel accessories outerwear are always on channing always available at the web best prices. Lovely is dedicated to delivering high quality clothing to women that will make them look and feel their best. May believe every woman has the right to dress well and shouldn't have to spend a lot to love how she looks. They make it easy to wear outfits you love every day giving you the confidence to take on the world lovely dot com summer fashion trends are now forty percents off dotting at just five ninety nine. Get an extra eighteen percent off when you click the link on dot tv dot com and use the code j. f. t. eighteen we're also sponsored by vapor dna founded in two thousand thirteen vapor. Dna is the premier online store offering an industry leading selection of electronic cigarettes liquids and accessories. They're friendly and knowledgeable. Customer service team is always ready to provide the best customer service experience to ensure. You find what you're looking for. They guarantee their products to be one hundred percent genuine and at the lowest possible price. They're so confident. In this election and customer service. They offer their customers. Eight forty five day refund. Save twenty percent when you click the link on mine dog. Tv dot com and use the code orion q. Jeff scott folks are on the filmmaking and I i hope. He will patronize him and go to his website and check out his film center on amazon prime. Those links are in the description already. I believe Today's big program. Do wanna remind you that. Wednesday night. Adamant i will be reviewing the rapture or re re viewing viewing the rapture about is reviewing. We're getting ready to go up in the rapture we're going to be raptured I guess adam rights titles So anyway that's wednesday night at eight pm. I hope you join us. And i hope you enjoyed this program hoping back friend about it all that kind of stuff. Plus you the comments from me. Info at my. Thanks for joining me today. Have a great recipe day..
"jeffrey j" Discussed on MinddogTV Your Mind's Best Friend
"Auditioned and bloom. Blew me away so yeah and there were. People that came in for the audition. That didn't even know. There was an audition and i found it really weird because they were. We did at champion studios in new york. City and champion studios has all these individual rooms. Were either hold auditions or dancing. Classes are singing classes or whatever and a couple of people come up to me and say what movie are you doing. And i would tell him stuff she goes well. Can i audition. I say we got time. So i gave her the role that i wanted her. To addition for i said here. Here's a couple pages. Come back in like a half hour and you know and you may have to wait in case somebody else's in there and they said no problem so i didn't get anybody like that but i had people come up and ask me for workers. They just wanted to work. They just wanted to act. So yes i so. I did hold auditions but i also had people in mind ahead of time. I had a friend who and he's still added for years later and it just did will refuse to take my advice on this. And that what you just said Basically he's doing working on an independent film but he wants to cast his friends and family in it and people with no acting experience. I'm like actors are dying you. There are million actors out there who just dying to be in the movie. There's no reason to have people who never acted before and so it keeps his shot. Seems probably. I know exaggeration the same scene twelve different times. I need to re shoot the acting so well using your friends and family who never frigging. They'd before i what are you gonna do. I advise there are actors out there to find. So how did they. How did these people find out or they were just walking through the studios. That found that you were. You were holding auditions. Did you listed somewhere publicly. Well usually when you go into chance champion studios there's a there's a big Wet board it's up on the wall and it has what rooms are assigned for what jobs so if they say auditions for this film. Gods that that's how they find out Is they just catch. People coming adamant audition and they'll pick the rear they'll say. Hey what what's going on there That's one thing to your friend. The independent director. The only thing. I can really say is in. This is from personal. Experience from acting in independent films. Is i agree with you. There are fringed fringed family that you don't necessarily want to have if you're afraid about paying them. There are a lot of actors out there who don't really mind not getting paid as long as you feed them give them transportation or provide transportation costs for them and if you give them credit in the film and on imdb if you give them those four things you know if they drive to the set like i had my cast doing is i paid paid them. Mileage you know how many miles is it. From your house to set asia cash it would have been a lot less expensive. Had had gone that route in the beginning then to have to shoot things scenes. Twelve fifteen times because you're and re recast it every other week like okay. You're out now. I'm gonna try next cousin exactly that they are not beating him up too much but there are a lot of people with unrealistic And i say unprofessional. Approach out there. Which is why. I thought tarantino's advice Bad advice i think toy or you need. Passion is going to fall on a lot of people like his years because he's been doing this for four years now and i'm certain that he's under that belief that quinton expressed in that at all. You don't need to know any of film school. You don't need to know about any cameras you don't need to know about lighting. You don't need to know about acting all you have to be passionate. And there's a lot of passionate people out there eric. Sure now now in in one aspect of what. He's saying it's kind of true. 'cause you don't need to know about lighting you know but you have to know the right lighting person to hire where the right editor to hire rates. The dog dr necessarily have to know about. But you. but you have to be able to tell that cinematographer said i wanna close up on here and if the cinematographer says well jeez i don't have a close uplands well to me than you. Not a cinematographer everything at your disposal. Cinematographer guys all really have to know the technical stuff without you can't have a film with nobody knows the technical stuff It's yeah So it's really important to know that but More and more i think You know this. The whole idea. And i asked adam about this. I believe he said what film school is really. Great for is networking. It's way you go you get to meet actors and other directors and producers and all these people that you're going to spend a life Working on films together kind of or knowing and making contact with and having that group. So that's a really important part of film school. You came to it very late in life and i. It's not uncommon for people to get into acting after they've had another career you know and and retired from another career but to into get getting into the whole process of filmmaking from writing to to finish i think is a a Something that's quite unique. I don't think most people do that after they've had a career Wanna talk a little bit about that. Getting into the whole bit of Filmmaking from writing to to finish After a career after having a previous career. I i've always been a tv person. And i've always liked movies are films and crime dramas especially the old stuff on turner classic movies and stuff and to tell you the truth. What actually got it started was wanna to say maybe three years ago we had a really really cold bad winter..
"jeffrey j" Discussed on Gangland Wire
"B. i. gave him carte blanche to just do it. mean so much so that his his fbi handler Ultimately was indicted but he was found innocent. I mean th. They couldn't prove anything against him but but but of course the big scandal within the fbi. When all of this came out. I remember reading about those at that. Lynn name i noticed. He was in fear city but he didn't. He didn't play a big part. They didn't interview him very much on that. Most recent documentary on the Gaudy investigation. I just wonder if he was maybe He didn't little bit persona non grata with these fellow. Fbi agents or do you know about that. I just know that the you know the fbi was not too happy with him and and he did go. I believe he did go to trial. But ultimately they decided there wasn't sufficient evidence to to To to warranty a conviction. I think they dropped him Dropped it for that reason And and he may have been you know technically he may have been innocent You know because the fbi uses confidential informants all the time and and and it's just a matter of of how long or short the leashes that they give that person and so so there was some discrepancy you know is on a long leash or short leash and and and and that's what they couldn't really figure out that's dangerous game when you play that and i've played that had those guys i'll tell you what they're constantly trying to use their law enforcement control all the time constantly trying to use you to compromise you in some manner. It's it's a battle for with most professional kind informers like that that that you don't really have a big hammer on top of you. Just kinda depend on their cooperation and their ego and and the nfl dance. That you play. And i know that this one guy he used to offer visa. I said you know. I got some nice watches here. They were stolen one time. I said somebody had a nice. That's cool leather coat. He said you want. I got three or four more. Talk all brand new. We get in the car and he said i said except about stolen cars. He said well. He says he kind of looked down his car by god. He was just constantly trying to get you to compromise you in some manner. It was a short because once you start taking gifts from them they have you. Yeah yep they own you. that's for sure. I never took anything from him. There was an fbi agent here locally did take one of those watches i found out later i was i was done with and i got hold of a da agent. He met with him and he's gotta why think do with that guy and then he was in some trouble and i just called over to bureau and i said you know you might want to use this guy. And here's his contacts He's he's got occasionally needs to work it off and they they assigned somebody to work. Human and for that deal was over why that guy was in trouble because they came back around the interviewed him and ask him and asked me so did Do you know anything about this relationship..