27 Burst results for "Kathy Durst"
Was Terrorism at the Root of Recent Car Explosion?
"That's been filed is what New York's governor came out and said. So Kathy Hochul has come out most and recently said, and this is a quote from her, there is no evidence, no evidence at this time that this was terrorist activity. And that's what I want to make very clear to the public. OK. Nobody else been has very clear to the public in such a demonstrative way. The FBI, who is the lead investigator in this, they have not said about this activity. What is Kathy Hochul's rationale for coming out and saying there is no at evidence this time this was terrorist activity? And I want to make that very clear to the public. Well, she's saying that was it a local guy, or I guess if there are two local guys, but she said a local guy. What is this? Oh, that John. He's really done it this time. Gosh, you know, he he shot up those bombs and he ended up going straight at Border Patrol. Bob Not silly, but don't mind him. Just say he got carried away this time. It'll be the last last time, obviously. I mean, seriously, is that the place we're supposed to live in mentally and intellectually here? I mean, look, you got to let the investigators do what they do. But if you have a massive explosion to the point where you can't even identify the people that were in the car, and that's what we've heard so far because of of how massive the explosion was. You have a car that is driving erratically and is speeding towards Border Patrol. Well. That isn't a terrorist attack, even if it is a local guy. I don't know, maybe somebody familiar to Kathy Huckle. I mean, it just you can't make this stuff up. You can't make this stuff up. And by the way, we had to talk about things like this. In part, not just because New York once again did not make sense and Kathy Huckle is her governor, but also because Joe Biden is president of the United States and he makes the entire world less safe. And so you have crazy people to get ideas from all over the place and bad people are acting out more regularly, whether you're talking about terrorist organizations like Hamas, or I don't know, Bob and Johnny from somewhere in New York. If that's who this turns out to be. Because Kathy Huckle wants to make it very clear. Hey there. Happy Thanksgiving -ish,
A highlight from Robinhood Relisting Cardano, Solana, Polygon | Cathie Preps for Bitcoin ETF
"All right, so is Robinhood setting up for a bull run? Are they getting prepared for something that could be very unique in the crypto space? We're going to break all that down for you guys today. You're going to love it. My name is Paul Baron. Welcome back on the Tech Path. Before we get started, thanking our sponsor that is iTrust Capital. If you guys are looking at long -term holding and you want to do it in an IRA, this is one place you can do it. And of course, with iTrust Capital, you can do this by either locking up your ETH, your Bitcoin, put it in an IRA. It's self -directed, so you're only making trades within the IRA itself, and that's the only time you're going to incur a fee. So make sure and check it out. It's absolutely no monthly fees. All you have to do is use our link down below, get a $100 funding reward if you guys decide to go that direction. All right, so a couple of things I want to hit on here. This is Kobe Easey hitting up on Robinhood. Robinhood did their earnings yesterday, if you guys heard. They missed. I'll show you some stuff around that. But there may be a silver lining in this, and I want you to kind of follow along here. So stock officially traded below $10 on the share after missing earnings. Interestingly, Robinhood also noted a major slowdown in retail trading activity, obviously for most of the activity around crypto that's really reduced. And I think also retail traders, in essence, have also been damaged to a certain extent. But their transaction -based revenue decreased 11 % year over year, $185 million. Trading platform monthly active users dropped 16%. That's the bigger number that I don't necessarily like, down to $10 .3 million. And volatility in the stocks and crypto have been cited as the potential drivers. Okay, that's kind of the known area. And I think everybody that's following Robinhood probably understood that they were making a ton of money off of things like Doge and just crypto in general. And remember, they had to delist three of the biggest assets, and I'll talk about that in a minute, this year. And that also, I think, affected them as well. Another tweet right here, never quite understood Robinhood's business proposition. I want to play this clip for you guys to listen in, so people can kind of get a framework of how Robinhood is really set to make money in the future, because there's some things changing with them. Listen in. But how does it speak to what we're seeing across platforms right now where retail traders are concerned and where trading activity in this volatile environment is concerned? Well, to tell you frankly, I never quite understood Robinhood's business proposition because they have 10 million customers or 11 million customers, and they keep reporting losses. We interactive have brokers, has two and a half million customers, and we have about $3 billion of profits a year. So I just don't see, I don't understand. That's okay. It's okay that you don't understand, because I think there's a silver lining in here of where this is going. I want to hit on a couple of headlines here. ARK investing is and betting big on Robinhood Coinbase with over a billion dollars invested. Now, many people will say, well, I don't trust Kathy. I don't think her strategy is right. But I look at it this way. They, ARK, have been very forward about getting into innovation and really understand where innovation is going. And that, I think, is the thing that Wall Street is missing here. I want to go to another tweet right here. Now, this one goes more of a flip side of the previous clip you saw, that they didn't understand the model. Listen into this one. It's a little different of a story. Because we did have this loss. We had had a profitable quarter last quarter, monthly active users coming in below expectations. It looks like revenue is missing, even though those were up 29 % year on year. And a lot of talk about higher rates offsetting the weaker volumes. But overall, we're continuing to see some of the activity on this platform sag. Is that the right way to think about this? I actually would think it looks better than meets the eye, or basically the results are actually better than people think. So if you think about those mouths, I think they declined about 500 ,000. They went from 10 .8 to 10 .3. The decline is more muted than the decline between the first quarter and the second quarter. I think it went from 11 something to 10 .8. So you're seeing like an abating of the decline. To me, that means the first derivative is turning positive. So I would actually be less negative on the results. I'm looking at those first derivative trends, and they don't seem as bad. They give you like every month, they give you the trending update. So there's not that much surprise here. They're kind of losing the element of surprise because everybody kind of knows what they're going to report. So it's more about these sort of intricacies. Okay. Is it a buy here then as the stock sells off? Oh, 100%. You own Robinhood for the future. You don't own it for like... All right. So own it for the future. And I think the key here with this, and this is something that Cathie Wood talks about a lot, and I'll show you some clips on her, is that there's something here that could be even bigger than maybe some of the crypto plays. So I think Robinhood is poising up nicely. There is some recent news, though, in the earnings call that I think is interesting. And I want you to listen into... We're going to have a few clips of Vlad, who is their CEO, who will talk about some of the things that are coming down the pipe, but also something to watch for that I'll see if you guys can catch it. But listen to this clip right here. Robinhood could be a great place for traders to benefit from the future Bitcoin ETF. Can you maybe talk a little bit about the opportunity if it exists? Robinhood has been early to offer Bitcoin in its native form. Robinhood has really, really competitive pricing, but maybe customers aren't aware of that. So we're looking to solve that problem. We believe we have solved it. For our crypto customers, we've rolled out some changes to the user interface on mobile so that customers can clearly see the spreads that we offer on our crypto transactions. This makes it easier for customers to see their all -in cost of execution, compare it against other platforms, and see how great of a deal Robinhood is giving them. All right, so I'm going to show you a screenshot of the mobile platform. And what you'll notice here is you'll see that the spread is identified now. So it gives you the actual spread within it. And this is super important, and here's the reason why. When you look at the ETFs that will happen, all right, they're coiling up for an ETF to hit the market. There's going to be new players coming into the space that are going to say, okay, I'll go with BlackRock, I'll go with Fidelity, and here's my fees. That's the key right there is where are the fees? So what Vlad is betting on is that maybe Robinhood wins the direct access to the asset with lower fees within the Robinhood app. So he may get a bump, he, Robinhood, may get a huge bump in trading activity around all of this just because they're going to be lining up fee -wise cheaper than Coinbase and then possibly going head to head with some of these ETFs of getting direct exposure to the asset. So that's something to really pay attention to. And as it plays out for them, and I think because they're focused on that, it's pretty significant that they see something coming down the pipe. The other thing that's playing out right now is their strategy on a global perspective. Also in the coming weeks, we will launch crypto trading in the EU. Crypto benefits from a relatively clear regulatory framework in the EU, and we're excited to bring our capabilities across the pond to better serve that market. And that's going to come right on the heels of the UK brokerage launch. Just trying to understand in that context what kind of products or services that you could tangibly point to there. Would you envision kind of more assets for trading in the EU than the US? I really don't want to get ahead of the launch that's coming in a couple of weeks and tell you what the value props are going to be. But yes, in general, we do expect, given the clarity, to be able to offer a different set of assets and capabilities in Europe as in the US. Within the EU, because of the regulatory framework, it's going to set up a very interesting opportunity for Robinhood. They could energize a lot more tokens back into the platform. Likelihood, as we'll see, you know, the three horsemen, Cardano, including Polygon, and Solana, make their way back onto the platform in Europe. And could they be setting that up here in the United States as well? And don't forget, just in, Bank of England now poses allowing stablecoins as a payment option for goods and services. This is huge for what's going to happen in the EU. That gets back to the whole point. Will Robinhood be a successful platform in terms of a trading exchange within the EU? Very active overall, if you just think about the UK in general, much less some of the other emerging countries around financial services. Robinhood could end up leading the way there. This could be a big, big bonanza for hood. And I think with Coinbase, they've already kind of gone that direction. Now, of course, with all that happening and the good stuff, here's the bad stuff. Right now, US Treasury official says Biden is wanting to basically create new powers from Congress to crack down on crypto. So while everybody else is moving on and starting to understand where the growth is going to be, right now we have the US basically shooting ourselves in the foot. So this is a problem I think that we're going to have to face. At some point, Congress will be able to address this. I think that or an election. Next thing up here I want to hit on is getting Robinhood to talk about delisting relisting and tokens. Listen in. Taking the other side of that, looking at the US market, you know, you guys recently delisted some of the crypto assets. What would give you comfortability to relist some? Yeah, it's hard to say what specifically we're waiting for to give us comfort. I think that rules, rulemaking, court case data, that all helps. And of course, we'll continue to push for regulatory clarity because I think it would be a shame for the innovation that we've been seeing in crypto to be co -opted overseas. I think it's very, very important for the US to remain a leader in every new technology and industry that we possibly can. Now, remember, all the way back here in June of 2023, this is when Robinhood ended support for Solana Polygon and Cardano. And this, of course, was because of the SEC's crackdown on some of these additional tokens. Now, remember that. You take that, and then you take the opportunity of coiling up with what could be prepping for an ETF and or the win, obviously, with Ripple and most likely the Coinbase case that will be very critical of Robinhood being able to relist some of these assets and things change again over there. I want to go to a clip real quick. And this is talking about how Cathie Wood perceives Robinhood as a growth vehicle. Listen in. Robinhood, along with Coinbase and Block, the three of them we think are in the running for dominating potentially the digital wallet space. Robinhood is very user friendly. It could become either the digital wallet. More likely it will become a part of a digital wallet ecosystem, either alone, standalone or in partnership and in partnership with someone or as part of someone else. Taking a look at some of the stocks here, I just want to take a look at Coinbase. They had reported $674 million in revenue. Their estimate was $650. So they over indexed there. That was great. If you look at Hood, just to give you an idea of what happened here on theirs, they had reported $467 million. The estimate expectation was around $480. So that was the big problem. And obviously what you're seeing right now in terms of the stock bleeding out. So is this the time to look at Hood more of a long -term play? Maybe this is it. If you look at, and I'll go to the daily here and I'll really kind of squeeze out into time. And you can kind of see from where Hood has come from all the way down. We'll go up to back here in 2021 when really they were at the peak of the market, when all that Doge community was going like crazy. Bitcoin was flying. And of course, crypto services and crypto fees were being transaction on Robinhood in a big way. But the slide down, is this maybe the bottom? The last time they hit this range was around $765 back in December of last year. And then prior to that, it was in June of 22. So very interesting positions right now for Robinhood. If in fact they are lining up for a bonanza around the ETF and taking advantage of this next evolution of regulation. All this could be playing in. Make sure and stay tuned right here for all that good stuff. We'll continue to cover these kind of topics. If you guys are not in the diamond circle already, make sure and get in. It's another place where you can catch additional content. We have two podcasts over there now. And they're basically not available on YouTube. So you've got to go over there. Just visit the link down below. You can catch them there. If you guys want to catch me out there on X, it's at Paul Baron. We'll catch you next time right here on Tech Path.
A highlight from The Economic Impact of Business Owner Outmigration
"It seems like our local GOP leadership, well, I'm not gonna say the conservatives, but the constitutionalists, they don't really care about the community. You never see community initiatives or outreach. And the Democrats and the socialists have that locked down. I mean, as much as there's crime and there's this and that, they're still out in the community kind of giving back. I mean, Mark Poloncarz was just at the Grider Street Community Center a week or so ago, giving out free hot dogs. And unfortunately, that's what people, the voters, the Democrat voters who do outnumber us, that's what they see. It's like instant gratification and they forget everything that's been done. And how do you defeat that? ["Oh, Whoa, Whoa, Whoa, Whoa, Whoa, Whoa, Whoa, Whoa, Whoa"] Hey, welcome back. Mike Lomas, Glenn Wiggle actually taking off, Ron Rheinstein in with me. We've got a special guest on the live line here. We'll talk a little bit about what happened last night. Erie County stuck on stupid again. The pain, the pain. Nationwide though, just not Erie County. Yeah, we're going to talk to an optimist in a little bit who's a workhorse here in Erie County, Nancy Ortecelli. But I got to be honest, I texted her this morning. I'm like, I feel like drinking. And it's like seven o 'clock in the morning. Can we take a personal day? Can we take a personal day? You're just so beat up. I mean, it's just, you know, it's like, you have to ask yourself, how could these people be this dumb? Well, how could you be this dumb? And it's not even rhetorical. Everything you've touched has turned to shit and you continue to vote for the same exact shit. It's just unreal. Because here's, this is just from a sleepless knife yesterday into today. People that left the cities, they're just like, I got to get away from the crime. I got to get away from the poverty, all the above. And their shitty voting has metastasized like a cancer in the suburbs. And it just keeps going and going and going. Well, they don't show up. That's what's so frustrating. Well, there's also that. I mean, you look at the numbers and it's like, how in the world do you not show up? I'm actually going through my phone yesterday. I'm saying, don't forget to vote. Don't forget to vote. Who's on the ballot? That's what I've got to think about. Like, how could you be that freaking stupid? I know. But the other, I mean, even if you look at an area where I grew up in Chictawaga and yes, the demographic has changed substantially since I left in 1998, but for the fact of the matter of the third world that has been imported, the taxes, the last county executive or not, the supervisor, she hammered two increases on the property assessments. It's back to back. Highest taxes in the country. And on top of that, the last one, because she's, again, the politicians, how they're just full of shit. Oh, that's our bad. You know, we're not even, well, maybe up for a second. Oh, we're not going to do another reassessment for two years and then literally the next year, here comes the next increase and all our bad, but we won't do it again. However, you got to pay. Yeah, sorry about that. And that's, and you look at the votes that were cast for supervisor. And I mean, again, how close it was and it'll go to recount. That's it? That's the amount of people that voted? Yeah, well, the GFP didn't do anything with absentee ballots there. So it'll go the other way. Before I forget, download our app, search Financial Guys Media in your app store and be sure to click notifications so you don't miss our weekly media drops. So don't forget about our app. Let me introduce Nancy Oreticelli. I was able to grab her. I know she's extremely busy. Nancy, what is your title today? Besides a miss of everything. I don't know, like, what is your exact title? You're everywhere, you know, constitution coalition, all this stuff. What is your, do you have a title? I mean, Antifa has called me a lot of things. So I know I work for an assemblyman, for assemblyman David DiPietro. I am on the executive board of the Erie County conservatives. I do, I'm the president of the constitutional coalition of New York state. So yeah, I do a lot of things. So that's who I am. I just, I believe in freedom and liberty and no matter what it looks like, I'm not a person who gives up and talking to a couple of people this morning, they're like, why do you sound so happy? I was like, well, I'm used to this. This is how it is here in Erie County. It's nothing new. It's not like - I know, you'd think all of us between the political environment here and then the bills and sabers, we'd be used to disappointment, right? We're like, let's roll out of that. Like, all right, I get it. Let me ask you, let's start out with the county executive race. I mean, what happened there? You know, you can't, first of all, he's literally, the cops are showing up because he's restraining a woman. We had people die in a storm because of his mismanagement. We had a record amount of businesses closed because of the way he handled COVID, right? I mean, you can't ask. And then he drops off all these illegal immigrants. They, 13 out of 50 of them get arrested and brought it up on charges. They destroy a hotel. I mean, it's like, okay, maybe you're not happy with Chrissy, but boy, you have to be some kind of a mental midget to say that's a good - And crimes on the rise. And crimes on the rise, record number. We don't want to enforce laws. Here's your appearance ticket. Yeah, number two in the entire country for Carstola. Number one is our neighbor Rochester. Number two, so what the heck happened? So people are misinformed. And it's like you just said, when you called and texted people and they said, who's on the ballot? Nobody cares anymore because it seems like our local GOP leadership are, well, I'm not gonna say the conservatives, but the constitutionalists, they don't really care about the community. You never see community initiatives or outreach. And the Democrats and the socialists have that locked down. I mean, as much as there's crime and there's this and that, they're still out in the community kind of giving back. I mean, polling cars was just at the Grider Street Community Center a week or so ago, giving out free hot dogs. And unfortunately, that's what people, the voters, the Democrat voters who do outnumber us, that's what they see. It's like instant gratification and they forget everything that's been done. And how do you defeat that? And I think the GOP needs to get out in the community more. I mean, they've had their get out the vote rallies that of consisted maybe 20 to 25 committee members. It wasn't the community. Do you know what I'm saying? And they don't - No, I get it. I was gonna say, but how - Nothing beats a good sailing hot dog. Yeah, here's your meat cylinder, go vote for four years and more tyranny. It's true, it's true. Well, that's, you're right. But the thing is, is, but then you take it a step further. You go fill up your car, holy shit, part of my life. That's even higher than it was a month ago. You go to the grocery store and our household, we do okay. But every time, between my wife, myself, and our two kids, and here's four bags, that was 300 bucks. Daughter, oldest daughter and my wife were down in Tennessee last week. My daughter was looking at the possibility of University of Tennessee. And she says to me, she said, "'Dad, do you know gas is a dollar a gallon cheaper there?' So I went through this whole thing about, you know, it's taxes. She's like, you're kidding me, just taxes. I said, yep, yep, that's the difference, difference between one state and the other. And every time somebody puts gas in their tank, it's an extra 30, 40 bucks here, as opposed to down there. So - So that's you and that's me, but that's not the urban voters. The urban voters are in poverty because of Democrat policies. But yeah, it's still vote that way. But they still vote that way because they'll come and give you free stuff a few times a year. They'll give you hot dogs. They'll give you backpacks. They'll give you this and that. A lot of them maybe don't have vehicles to fill up. Do you know what I'm saying? That's a fair point. But it's, you know what? Now that we're talking, Nancy, that also works against us too. I mean, we are top 10 in the country in poverty. Yeah, top three, I think. Per capita. Yeah, the city of Buffalo is, I think, two or three. Here's the, you know, our fair city. To your point, and I think you mentioned this, you know, the GOP will run on reducing the taxes. And Nancy, you said, these people don't pay taxes. That's true. That's not a problem for them, right? Although it is funny when you interview some of them, they actually think they do. They'll say, well, it's not fair. We're paying our fair share. Like, now you don't pay any federal taxes, and you don't pay any state taxes. If you look at it, and this isn't to be negative, but, and again, money's money. And let's just say they make $50 ,000, they're married filing joint. With your standard deduction, you're probably, you have $25 ,000 maybe in taxes total. Yeah, well, most of them. But that's what I'm just saying. And then you're probably getting a real fund. That's right. Most of them are public assistance. That's right. Talk about the women vote. I mean, you know, you look at other places, other parts of the country, and the women have really rallied together to really change things. And it just, you know, last night, I was really hoping that like town of Amherst, town of Cheektowaga, the women would step up and say, okay, we've got a guy who's clearly, you know, he's abused women. He's threatened a process server, a female process server that he's going to shoot her. And then the cops are showing up. I mean, well, I would think the moms would say, and it's amazing to me, I'm watching his speech last night, I'm thinking all these hypocrite Democrats, they're all, oh, believe the women, believe the women, unless it's a Democrat that can shove the left -wing agenda down your throat, then we don't believe them. So here's my take, two points I want to make. You know, talking about the women vote, I had a phone call the other week and somebody, it was actually Stephon, and he said, do you know a strong woman leader in Western New York who could do calls for Chrissy? And I was like, no, do you? I don't know any woman. There is no strong woman. I said, what about Lynn Dixon? They already had her. And I had thought about it. Mike, you probably remember a few years ago, I came to visit you. I wanted to start a women's group, but the coalition took off. And you know, if there's any women out there, women who would like to start a women's group, I'll help. I mean, I can't run it, but I'll help to get strong women elected. But there isn't. And then you have Moms for Liberty here in Erie County, but for some reason, the GOP will not unite with the grassroots organizations. Moms for Liberty have been phenomenal across the nation because the establishment has partnered with them. I don't know why they won't do it here. I don't get it. And if you would just unite, and it's the same issue with the conservatives and the Republicans, it's no secret we are outnumbered by Democrats. And so what happens with the conservatives and the Republicans who should be working together? The Republicans try to take over the legislature seat that was supposed to be conservative. You know, it was supposed to go to Lindsay Larrigo and they fought it with Jim Malcheski. I like Jim Malcheski and Lindsay Larrigo. They're both great people, but the GOP spent so much money on that primary that they had nothing to give to Chrissy to get her name out during this election because nobody knew who Chrissy was. And then they tried to do a party takeover in Evans where they switched a bunch of Democrats to conservatives, the GOP there did, to try to take over that party. And Ralph Larrigo did a lawsuit and the lawsuit is not finished yet, but the GOP candidate lost miserably. So they're focusing on things that should be uniting us, but they're dividing us instead of uniting. Look at West Connecticut and Lancaster. Those towns won amazingly for their town boards because the conservative committees and the Republican committees there are united and they work together. And I don't understand what the whole issue was with the Republicans trying to take out the conservatives this summer. It was baffling to me. So instead of focusing on Mark polling cars, you're gonna try to take a legacy away from a conservative candidate that it was already in the bag for them. You're gonna focus on a fight that was already a constitutionally minded candidate that was in there. It was a given, what a waste of resources and what a waste of time. That's a shame. Yeah, that's a shame. Absolutely. Well, the financial guys are here to help. I'd like to get you on the radio as well. We'll find that, hopefully we can find a strong female. That's what we need. You need the female vote. I mean, last night, the female vote shows up because Mark had been called, accused of holding a woman, I don't know, hostage or whatever. I mean, holding against her will, but they didn't show up. And they're like, God, that's so frustrating. The last thing before I let you go, the frustrating part to me and folks like Ron is we're in the business community, right? And so we're constantly getting involved. We're constantly trying to do our part. And sometimes I feel guilty because I look at somebody like you and I'm like, oh, I feel like a slug. But yeah, like, oh man, I really do. But the business community, I am just at awe this morning that they didn't show up at all. I mean, at all. How many restaurants did Mark destroy during COVID? How many gyms did he destroy? Now, some of these folks were strong enough to make it through, but I'm gonna be honest with you. If I owned a restaurant, I am never forgetting that. Now, I might be a little bit different of an animal because his picture and Gal Bernstein's picture would be on the front door and there would be a message that says, hey, if you're these people and you're walking in, do not bother, right? I mean, that's where I would be. But I get it. Some of these folks say, well, you know, I don't wanna be that aggressive. Okay, could you send Christie a hundred bucks? Could you put a sign out front of the restaurant to say, hey, just saying, I mean, like, not one. Well, that was the fault of the GOP, that they don't know how to fundraise. They really don't. And like I said before, their fundraisers consisted of just their own committee members. The public doesn't want anything to do with the GOP because the GOP has alienated them. Now, Michael Crocker is a good guy. I've met him. I've worked with him. He's really good, but he's got a lot to fix from the previous leadership. And yeah, I wouldn't want that job. I know. I know. You know what? It's funny you said that because I was talking to Glenn about it and Glenn's like, oh, they needed this. The hardest part about that is so many people have left. When you look at, and I'll say for America, I think it's a great thing, right? I mean, Florida is gaining delegates. New York is losing delegates. Florida had a $21 billion surplus. New York is going to go bankrupt at some point. I don't know when, but the math doesn't work, right? You cannot have the, and the 25 % of people that have left, they're all the top taxpayers, right? They're the ones paying the bills. Mike, this all sounds racist. Stop. That's right. Math is racist. But I mean, that's, even if the people that leave and, you know, from clients and friends and family that are in these Southern states, they still care, but they got up and left. Oh yeah. I mean, it's just - Well, they're not voting, right? They're not participating. Even if voting, but like, even if they've sent a check, like you said to Chrissy, but that's just the whole thing. They're gone. They're gone. I know, but you have, for the people, and I guess maybe this is where my deficiency comes with this, is that I'm like occupying common sense, I guess, way too much. But how the hell do people, again, you look at this, this sobering statistics or drive around the area, what the hell is coming here? Nothing. What is leaving here? A lot. A lot. What is beneficial that is derived from low -T polling cars? Let's just go over the last five years, the scandemic. How many people were affected by that? And how many businesses were lost? How many people, again, how many people have been Vax injured? Because, well, I can't go to the Bills game or the Sabres game, but seriously, I'm gonna roll up my sleeve. You were able to see the playoffs wave, but now you got my old car died. Or, again, my employer's forcing me, because this shit bag in City Hall is following crime wave Kathy, or Andrew, I killed your grandmother, Cuomo. Then you take it further. How many people died in nursing homes alone? One of my best friend's sister died in a hospital alone. Why is that, you may ask? Oh, because she tested positive for the Wuhan sniffles. Yes, I know. And these stories are out there. Yeah, I know. And yet there is zero messaging. And this is from Chrissy. This is from the GOP. This is from any Republican candidate that you can absolutely, and again, voting aside, fundraising aside, but if you got that message out there, debt would resonate. You need money to do that. You do, which is fair. And you need lots of it. I said from day one, I said for Chrissy to win, she probably needs a million bucks. And I think that's a fair number. And I think she got a total of about 150 ,000 from the business community. She was well, well, well underfunded. And I don't know, I was down there last night, I don't know if you got a chance to see her speech last night, but you could tell she cared. There was a few conservatives are sending messages, oh, she can't cry. I'm like, bullshit, she can't cry. She can do whatever she wants to do. You have the stones to step up. Then I was able to see her in the hallway before I said, Chrissy, that she's like, oh man, I feel like a failure. I said, Chrissy, I said, there's a million people in this freaking town, a million people. Do you know who was the only one that stepped up against this piece of shit, Mark Poloncarz? You. So don't let anybody ever tell you that you shouldn't do what you wanna do. There are so many armchair quarterbacks that oh, I should have done this, should have done that. I'm like, Chrissy, you're the only one. Guess what? Mike Lomas could have ran. I could have ran. I could have signed up. I didn't. Now - I feel like I told you to.
A highlight from 1450: I Expect Bitcoin ETF Approval By End of Month
"In today's show, I'll be breaking down the latest Bitcoin technical analysis. Also, Sam Bankman freed. He is found guilty on all seven charges in the FTX fraud trial. Quoting Max Kaiser, tough talk when it comes to the minor league drug Adderall ish corner like SPF, but where's all the bravado when Jamie Diamond gets caught manipulating markets and defrauding the public again or the next crooked Warren Buffett bailout? He makes great point. Also in today's show, Bitcoin to the moon. Send it. I'm going to be sharing with you the top five Bitcoin price predictions for twenty twenty four and beyond. That's what's up. Also, the latest from Cathie Wood of ARK Invest, also a twenty seven hundred percent Bitcoin price explosion is incoming courtesy of one catalyst, according to the BitMEX founder Arthur Hayes. We'll also be talking about breaking news. The Valkyrie CIO expects the spot Bitcoin ETF approval before the end of the month. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo, what's good, crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at CryptoNewsAlerts .net. Again, that's Crypto News Alerts dot net. Welcome, everyone. Today is podcast episode number fourteen hundred and fifty. Can you believe it? I'm your host, JV, and today is November 3rd. Welcome to Moonvember of twenty twenty three. Let's kick off today's show with our market watch as we do each and every day. We got Bitcoin up about a quarter percent, hovering just under thirty five thousand. We have Ether up point three percent trading at eighteen hundred dollars. Cardano, one of the top gainers, up five and a half percent and also XRP barely in the green. And if we are in doubt, they say you need to zoom out. Let's look at the one month. Wow, that's much more sexier, isn't it? Now we have Bitcoin up twenty seven percent for the month. We got ETH up about 10 percent. Solana is up almost 70 percent. Cardano up twenty three percent. XRP up fourteen percent. BNB up seven percent. Personally, I love it when everything in crypto is a winner. It don't get no sexier than that. And look at Chainlink up fifty two percent for the month. Good lord. And check it out. Coin market cap percent in just under one point three trillion with about forty five billion in volume in the past 24 hours. Bitcoin dominance pulled back a little bit, currently at fifty two point seven percent, and the ether dominance in the 16 percentage range for the first time I have ever seen that I could recall. It's currently at sixteen point nine percent as Bitcoin dominance continues to outpace the rest of the market, especially Ethereum. And checking out the top one hundred crypto gainers of the past twenty four hours for chain up fourteen and a half percent trading at three dollars and twenty cent and Oasis Network up twelve percent trading at six point two cents, followed by the trust wallet token up almost twelve percent trading at a dollar twenty three and checking out crypto bubbles so we can see the top gainers for the past week. Massive shout out to Emilio. I appreciate the super chat. Fam, you're way too kind. Much love, much respect. He just said you are amazing. Nah, I think you're amazing. And I appreciate the orange so we can orange pill more mofos and help change the world. Let's freaking go. Much love, fam. But as we can see on the crypto bubbles on your screen, we got a lot of gainers overall. That means the market cap is pumping and a rising tide rises all ships and checking out the crypto greed and fear index. We're currently rated a sixty five in greed. Yesterday was a seventy two last week, a seventy and last month a forty nine, which is neutral. So there you have it, my fam. What's your thoughts on the current Bitcoin price action? Let me know. Are you pumped up for Moomvember? I sure as hell am. Let's dive into our Bitcoin technical analysis for the day. Check out the charts with a Bitcoin price action is likely to go next. Bitcoin broke below thirty five G's baby after the November 2nd Wall Street open, as analysis warned of overheated derivatives. As you know, derivatives are financial tools of financial destruction. Yeah, for real. Now Bitcoin under does the post fed gains. We're currently tinkering just under that thirty five thousand, which is now back at a resistance. The highs had come on the back of the encouraging language from Jay Powell, the chairman of the Federal Reserve, who in a speech suggested the interest rate hikes might soon end. Now, the Fed opted not to change the rates at the latest meeting on the Federal Open Market Committee, which was November 1st quoting their press release. Recent indicators suggest the economic activity expanded at a strong pace. In the third quarter, job gains have moderated since earlier in the year, but remain strong and the unemployment rate has remained low. Inflation remains elevated and accompanying press release stated. They also shared here that the U .S. banking system is sound and resilient. Sure it is. Tighter financial and credit conditions for households and businesses are likely to weigh on economic activity, hiring and inflation. The extent of these effects remain uncertain. The committee remains highly attentive to inflation risk. We all know they're full of ish, right, to say the least. And quoting crypto analyst, Bitcoin breaks out, reaches a new yearly high, which is currently just shy of 36 G's. Now, not a massive breakout, but as long as we say above 34 .8, which we currently are, the next target is 36 .5 to 37 ,000. And the altcoins will follow after, which is typically what seems to go down. Now, down over a thousand from its highs. Bitcoin was worrying some with derivative markets, particularly in the focus, quoting Charles Edwards at Capriole Investments. All Bitcoin derivatives markets are overheated at present. This captures the perps, futures and options. Stay safe out there. And also, we have reacting popular trader school agreed that arguing it was now the spot market to charge of saving the Bitcoin price strength, as he shares here, something to be aware of when sizing up positions currently, when derivatives get hot. This puts increasing focus on spot market to support the current prices and the trend. That's right. In his own analysis, we also had material indicators concluding caution should be applied to the current Bitcoin trading environment, meaning expect more volatility ahead and uploading the snapshot of liquidity on the Bitcoin order book for the largest global exchange, Binance. It warned support levels were apt to disappear quickly. A form of a rug pull. So you have been warned. Newcomer support gaining liquidity at this time lay at both 34 and 33 .5. So there you have it, fam. Again, how many of you are currently bullish on that? King crypto. And with that being shared, now let's discuss our next story of the day. The latest from Michael Saylor. He was recently interviewed on the news and shared some very positive sentiment in the Bitcoin market. Also, he has been a dollar cost averaging and stacking stats. This week, the Bitcoin price came within a hair of thirty six. I think we hit like thirty five nine ninety during our watch party before abruptly reversing and correcting to thirty four to fifty. But after nearly a 30 percent run over the past month, it is natural for the price to cool off as some traders take profit and market participants evaluate whether or not the catalyst for the rally remain valid. Now, despite the intraday price action, which saw almost five percent drawdown, a number of analysts remain bullish on Bitcoin naturally, and some expect another gamma squeeze. If the Bitcoin price manages to push through the thirty six three hundred level, we're only like four hundred dollars off of that right now. Just FYI, permables like MicroStrategy CEO Michael Saylor appear unbothered by the whipsaw price action. And on November 1st, MicroStrategy announced the October purchase of one hundred and fifty five more Bitcoin for five point three million. As the outlines here in October, MicroStrategy acquired additional one hundred and fifty five BTC for five point three million bucks, now holding one hundred and fifty eight thousand four hundred BTC like, whoa, and what's the most mind boggling? Saylor didn't even get into Bitcoin until twenty twenty. So it goes to show you someone can come here in twenty twenty three and become an even bigger whale than Michael Saylor. In fact, the likes of the Black Rocks of the world put Michael Saylor to shame because we're talking about mega mega mega whales on a massive scale. And when asked about the upcoming Bitcoin having during an interview on Squawk Box, here's what he had to share. Most of the natural sellers of Bitcoin in the market right now are Bitcoin miners and they have to sell to cover their electricity bills and capital costs and retire their debt. That's about a billion dollars per month worth of selling into the market. The protocol forces that to be cut in half as of next April or late April. And he also says, so you're going to see twelve billion bucks of natural selling per year converted to six billion of natural selling a year and at the same time as things like the spot ETFs increase the demand for Bitcoin. So that's why all of us are fairly bullish over the next 12 months. How many of you are bullish? Let me know. Demand is going to increase and supply is going to contract. And this is fairly unprecedented in the history of Wall Street. That's what's up now is a pretty ideal entry point for Bitcoin, according to Saylor. Also, he was recently interviewed and I actually transcribed this video clip when he was speaking on Squawk on the street. And I feel this is very relevant. Here's what Saylor says for the industry to move to the next level. We need to migrate to adult supervision. We're going to need the big banks to become the crypto custodians. We're going to need Wall Street to take a role and we need to rationalize away from the one hundred thousand crypto tokens. You know, the yo yo coins that people are manipulating to Bitcoin. Bitcoin is an asset without an issuer. It is the one universally recognized protocol that is a commodity in the space. And so when banks on Wall Street and responsible custodians are managing Bitcoin and the industry takes its eyes away from all the shiny little tokens that have distracted and demolish shareholder value, I think the industry moves to the next level and we 10x from here. Now, what's another 10x from the current price action we're talking about roughly? What is that? Three hundred and fifty thousand dollars per BTC. Send it and let's frickin go. Also quoting him here, I think the liabilities or the early crypto cowboys, the crypto tokens, which are unregistered securities, the unreliable crypto custodians for the industry to move to the next level. We're going to need to migrate to adult super vision. And I shared with you the rest of that quote. So there you have it. Let me know if you agree or disagree with the one and only giga Chad Michael Saylor. Next story of the day. This is breaking news. SBF has been found guilty in all seven fraudulent charges. Yeah, this is wild. Yeah, here we go. I'm going to read all this to you. Former FTX CEO Sam Bankman Freed was found guilty of all seven charges by a jury in his criminal trial in New York after about four hours of deliberations, meaning it didn't take long. Bankman Freed was found guilty of two counts of wire fraud, two counts of wire fraud conspiracy, one count of securities fraud, one count of commodities fraud conspiracy and one count of money laundering conspiracy. Good Lord. That's a lot of charges and it's just getting started. He'll be back in court in March to continue with some more charges to probably get guilty of. We'll return to the court for sentences by New York District Judge Lewis Kaplan March 28th. So that's the date is right before the having. Government prosecutors will recommend a sentence, but Judge Kaplan will have the final say. Now, Bankman Freed's crimes each carry a maximum sentence of between five and 20 years in prison with the wire fraud, wire fraud conspiracy and money laundering conspiracy carrying a maximum of 20 years sentence in a press conference outside the court, the New York Southern District U .S. Attorney Damian Williams called Bankman Freed's crimes a multibillion dollar scheme designed to make him the king of crypto, right? The Michael Jordan of crypto, the Warren Buffett of crypto and of one the biggest financial frauds in American history, Bankman Freed's attorney Mark Cohen said in a statement, we respect the jury's decision, but we are very disappointed with the result. Naturally, Mr. Bankman Freed maintains his innocence and will continue to vigorously fight the charges against him. Anyone here in the chat. We have over 200 people in the live. Anyone believe he is innocent? I am just curious if there's any outliers out there. Anyways, other key FTF execs, including former Alameda CEO Caroline Ellison, FTX co -founder Gary Wang and former engineering head Nishad Singh have all pleaded guilty to various charges and work with the government to testify against Bankman Freed in the five week trial. Now, Bankman Freed had pleaded not guilty to all the charges. And during his trial, he took the stand to maintain his innocence against the best wishes of his lawyers who told him to shut the what up, just saying, and marking the FTX November 2022 collapse as a number of big mistakes I made. He denied any wrongdoing in the FTX relationship with Alameda, attempting to distance himself from key decisions, which we all know is not true, according to the testimonies of their execs, Bankman Freed pinned the blame on Gary Wang for creating a function that allowed Alameda to trade funds on FTX that it didn't have and claimed he wasn't entirely sure what happened. Oh, I don't know what happened with Alameda's line of credit, which ballooned to billions in the collapsing crypto market of 2022. In his testimony, he also blamed Caroline Ellison for not focusing on risk management. How are you going to blame your ex? That's just why. Anyways, he didn't believe he defrauded FTX customers by taking over eight billion worth of their funds. Instead, he framed it as Alameda just borrowing from the exchange. Yeah, borrowing from investors without their permission is called stealing. I just wanted to point that one out. Now, Max Kaiser responded to this attorney who spoke out and he said, this is tough talk when it comes to the minor league, the drug Adderall ish coiner like SPF, but where's all the bravado when Jamie, the tapeworm diamond, the best the CEO, JP Morgan Chase, gets caught manipulating markets and defrauding the public again or the next crooked Warren Buffett bailout? You talk a good game, but you're no different than SPF. And I think Max makes some excellent points. The big dogs get away with this all the time, of course, but clearly there's levels to this ish, if you know what I mean. Now, what are your thoughts surrounding this case? How do you think this will likely continue to play out in March as they continue with the court trial facing more charges he's up against? Let me know, fam. I appreciate that. I got some very bullish predictions to share with you. In fact, I'm going to be sharing with you the top five Bitcoin price predictions for twenty, twenty four and beyond. Bitcoin continues to circle its highest levels in 18 months. Again, the annual high for the year is currently almost thirty six thousand dollars, but let's dive right into the predictions. First and foremost, Matrix Port predicts forty five thousand within two months. So two months from November would mean January. I could definitely see Bitcoin hitting forty, fifty thousand easy peasy before the halving. But let me know your thoughts. Now, that prediction came from Matrix Port, the crypto trading firm founded by Jihan Wu, himself a founder, a Bitcoin mining giant Bitmain in a blog post in late October. Matrix Port doubled down on a forty five thousand year end price targets. That's the Christmas target. Let's go, Santa, which is initially revealed in January. It was based on a handful of in -house models with Matrix Port also successfully predicting Bitcoin's October gains. Quitting them here, Bitcoin is breaking above the July thirty one five resistance showing that forty five is achievable by the year's end. And again, I think that's a very doable target. But let me know your thoughts. The next prediction comes from Bitcoin. They say new all time high pre halving. I also agree with that, especially if we get the ETF approval. I would anticipate above and beyond sixty nine thousand before the April twenty twenty four halving, but that's only if you know what I mean. We'll see how this plays out. The halving is a watershed moment. We all know the blocks of subsidies get cut in half for the miners in September. Bitcoin stated Bitcoin would surpass its current sixty nine thousand peak before April of twenty twenty four. Now they shared here, no, Bitcoin is not going to top before the halving. Yes, it's going to reach a new all time high before the halving. No, Bitcoin is not going to one hundred and sixty G's because the magnitude of every pullback is large. This means it'll peak after the halving in twenty twenty four. And yes, the target price is around two hundred and fifty thousand dollars. I love that. That's right in alignment with Max Keiser's short term target of two hundred and twenty thousand. Now, they also shared this chart. Both the all time high and the post halving two hundred and fifty thousand target came courtesy of the Elliott Wave theory charting, which we cover commonly here in the show with Bitcoin mimicking the behavior from the previous cycles. And you can see their estimation of how the Bitcoin price is likely to rise is coming directly from Bitcoin. Now, Bitcoin did, however, make room for a total of four pullbacks. As outlined in this chart, you can see one, two, three, four. Before we hit the peak at five, quoting them here, there will be one pullback before breaking to a new all time high, followed by another pullback at around one hundred and twenty five thousand. Additionally, there will be two more pullbacks after the halving, which are not demonstrated here. Now for the next one, three Bitcoin price models, one hundred and thirty thousand dollar target zone. That's right. Let's freaking go. Quoting CryptoCon here, I'm prepared for the lower prices, but the stars are aligning at one hundred and thirty for the Bitcoin this cycle. And the concept also hinges on the halving events and the next peak should come around four years after the sixty nine thousand dollar move in November of twenty twenty one. We all know everything is cyclical and Bitcoin every four years driven by the halving. Now the one million dollar question. How about a one million dollar Bitcoin price target leads us to Kathy Wood of ARK Invest, the CEO and chief investment officer, has joined former BitMEX CEO Arthur Hayes in doubling down on her seven figure price prediction when this could happen, understandably up for debate. But changing macroeconomic tides have emboldened what remains a daring Bitcoin price prediction. In October, Hayes maintained that the path to a one million dollar coin was in full effect thanks to the macro reality. Now quoting BlockWorks on the Margin podcast right here, this was shared actually on an interview. If people lose faith in the bond market and this fiat artificial construction we have created over the past 80 to 100 years, this global economy and how it has been structured, if we lose confidence in that, then the amount of money that's going to be looking for an alternative is going to be something that we have never seen before. He shared over in an interview and speaking of Kathy Wood, she was just on Bloomberg and here's what she shared when she was asked, what's a better hedge against inflation? Is it Bitcoin or is it gold? And very boldly she said, Bitcoin hands down, hands down is a hedge against both inflation and deflation. Yes, so is gold, but Bitcoin is digital. And if you look at the incremental demand we are going to see, but gold already has its demand. You know, it happened already, right? Bitcoin is new and institutions are barely involved in the young people would much rather prefer to hold Bitcoin than hold gold preach. So it's interesting that both gold and Bitcoin are hedges against deflation, but Bitcoin has been doing better recently preach and Bitcoin naturally will consider outpacing gold. I think it was Max Kaiser who said for every dollar, the Bitcoin price action increases. I'm sorry for every dollar, the gold price increases expect Bitcoin to go up by over $20 meaning it will continue to outpace gold by a factor of 20. Let me know if you agree or disagree fam. And we spoke about Kathy Wood and her a $1 million price prediction. In fact, she even has a bullish case scenario by the year 2030 of Bitcoin hitting $1 .48 million. Keep that in mind. But now let's discuss Arthur Hayes, the BitMEX founder predicting Bitcoin price to rally 2700 % taken us to $1 million per coin. And then we'll dive into the latest updates with the likelihood of the spot Bitcoin ETF being approved this month in November. According to the major asset manager, here we go. BitMEX co -founder Arthur Hayes is doubling down on a prediction. The Bitcoin is destined to reach the seven figure price. Hayes says that a monetary policy tool known as the yield curve control will act as the catalyst for Bitcoin to reach that 1 million Mark, a gain of around 2 ,700 % from the current level. Send it, let's go. Central banks use the yield curve control to influence the longterm interest rate level by buying longterm bonds as much as possible to prevent the rate from rising above the intended target. And according to Hayes, the entire U S government is enabling a loose monetary policy environment. Even as the fed continues tightening. Now the BitMEX founder first predicted seven figure Bitcoin earlier this year in March in that essay, which I covered here on the show. And at the time, he argued that China's loosening of his monetary policy would trigger Bitcoin to explode to $1 million per coin. Hayes also says the decision by the fed mid this week, uh, pause the rate hike interest rate suggests it's time to pump it up, pump, pump it up. And according to the BitMEX founder, the feds decision would trigger other central banks to also ease their monetary policy. Quoting him here over to you, BTC, let's go. I shall increase the pace of my rotation out of treasury bills and into Bitcoin and ish coins. Now that the fed had paused over two meetings, every other central bank has cover to print expect massive stimulus coming from China, Europe and Japan. So there you have it coming directly from crypto Hayes. Just blaze. Let's get it now for the moment you have all been waiting for. Let's dive into our featured story of the day and discuss a Bitcoin ETF being approved this month in November. And what would that mean for the crypto market? Let's break this baby down. We have Steven McClurg, the chief investment officer at Valkyrie investments has put forth a strong indication that a landmark approval from the U S SCC for a spot Bitcoin ETF can transpire by the month's end. Send it and let's go. The approval of the spot ETF is currently one of the biggest factors influencing the Bitcoin price as well as the entire crypto markets trajectory. You can say that again now alongside the financial giants such as black rock, the world's largest asset manager fidelity, which is about half the size of black rock. We got Vanek, we got Invesco, we got Valkyrie, one of the companies at the forefront of the battle with the SCC over the spot ETF. We also have grayscale. Don't forget the GBTC product. We have the firm managing to Bitcoin related ETFs at the moment. Now Valkyrie Bitcoin and ether strategy ETF and the Valkyrie Bitcoin miners ETF with a combined asset value of 51 .1 million at this time. And they also have active filings for spot Bitcoin ETF. Now McClurg, citing the latest amendments to Valkyrie spot, Bitcoin ETF app anticipates the SCC will issue another series of comments within the next weeks, potentially setting the stage for the approval of the 19 before rule changes by the end of the month. Send it quitting him here before anything else happens, we get a second round of comments and I believe we'll probably get those comments in the next one to three weeks. A late November approval likely means a February launch. So note that if we get the green light in November, it means the Bitcoin ETF would likely launch a few months later in February, which would be right in time again for the Bitcoin having. Now he also shared with ETF .com this interview suggesting a timeline for the SCCs response to these crucial amendments. He also argues the SCC can wait until January to ask the applicants to put the final touches on their S one filings. That's the other alternative scenario. Now Nate Geraci, host of the ETF prime pod explain that Valkyrie CIO suggests SCC can approve the 19 B fours exchange rule changes for the spot Bitcoin ETFs by the end of November and then the S one registration statements early next year. These don't have to be approved at the same time, so keep that in mind. Though they need both for the ETFs to begin trading. Now in recent weeks, the SCC has been actively communicating with ETF apps and disclose that the agency is carefully scrutinizing all spot Bitcoin ETF apps. The focal points of the SCCs inquiry have pertained to the comprehensive explanation of various risk disclosures, methodologies concerning index usage and net asset value computations, environmental risk inclusions, as well as detailed insights into custodial practices. Recent amendments to filings by entities such as BlackRock and VanEck have been augmented to eludicate how initial fun seating could be conducted and also note that BlackRock already began seeding their ETF back in October, which was last month. This is something that Larry Fink their CEO has already disclosed. Now because of that, industry experts remain cautiously optimistic. We have Matt Hogan, the CIO of bitwise asset management, highlighting lingering concerns, quitting him here. Market manipulation is still a potential stumbling block. Custody isn't a wrap, so there is still a lot of work to do, he stated. Now the anticipation isn't purely speculative. The man forecast suggests substantial interest. McClurg envisions about 10 billion bucks flowing into these products within the first one to two months post launch. While bitwise projects 50 billion in inflows within the first five years. I think that's extremely conservative. I could see trillions of inflows within five years, but hey, to each their own. Valkyrie revised its spot Bitcoin ETF filing October 30th a few days ago with an S1 registration statement submitted to the SCC outlining the Valkyrie ETF. The proposed fund shares are intended to be listed under the ticker BRRR on the NASDAQ stock exchange. Valkyrie updated their app and a part of a wider trend as several firms have similarly refiled their spot ETF apps signaling a concerted effort toward regulatory compliance and optimism for approval. Bloomberg ETF analyst, James Saferard identified these amendments as positive signals for progress and possible imminent approvals. Let me know which you think will get the green light first from the SCC. We all know it's imminent. We all know it's going to happen, but when is it going to be November? Is it going to be December? Could it be January? Could it be March? Let me know in the live poll we have on the screen. I have some bonus content to share with you before we dive into the live Q and A. This is from jury and Timur. Why is this so relevant? He is the head of macro at fidelity fidelity being a four and a half trillion dollar asset manager. He's the one who predicted a billion dollar Bitcoin price by the year 2038 and here's something he just recently shared. He shares some incredible threads I want to share with you. Bitcoin is volatile, but it's scarcity and adoption curve create the potential for it to be a high powered hedge against monetary shenanigans. I think of it as exponential gold and in this chart it shows you Bitcoin going past $1 .2 million per coin. That's pretty sexy. Gets me excited as he shares here. One of the attributes of Bitcoin is that it's a network asset and as such it's adoption curve has followed the typical S curve shape. We have seen many of the S curves throughout history and he continues here in the thread. The question, where is Bitcoin's journey along that S curve? A network assets value is driven by its adoption curve, so the slope of that curve matters a lot. Makes a good point. And when I first went down this rabbit hole in late 2020 it's adoption curve, which I defined as the number of non -zero addresses was very steep. It resembled the S curve for mobile phones during the 1980s and the 1990s, which was pretty promising. I'm going to read you a few more now. However, as the real rate narrative changed from dovish in 2020 to hawkish in 2022, the adoption curve flattened and it is now closer to the slope of the internet adoption curve from the two thousands and it has not made much progress since 2021. Now we also had some other threads which are very valuable. I'm just going to read the lead part of it with Bitcoin moving up. Once again, will its adoption curve accelerate as it did a few years ago and how does the macro trend on rates affect it? There's some very insightful data. If you want this, check the show notes below the video in the description. I'll include all of this. And he had one more good thread continuing the discussion from the recent thread on Bitcoin. I highly recommend you check this out because again, this is the head of macro over at Fidelity, one of the world's largest asset managers. So there you have it, my crypto fam and don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in our live Q and a, and I look forward to seeing you on tomorrow's episode.
A highlight from Market Rally Continuing | Jerome Powell FOMC Meeting Update
"All right, so the FOMC meeting was in today, and there's a lot of things to talk about here. We'll break down a few things as the run. I'll play a little bit of a clip also that you guys are going to want to see today, and we'll kind of give you some predictions maybe of where this is going. My name is Paul Baron. Welcome back into Tech Path. All right, a couple of things hitting, of course, just upfront, no rate change, higher for longer, expected response from Chair Powell, but I think the scenarios that are playing out right now, and I'll kind of explain this here in a second, is what does this look like in the December FOMC meeting? Do we get another potential up or up -let kick in terms of the interest rate, or do we get a higher for longer holding pattern, which is what they've done so far? I want to jump over to Bloomberg, actually, and kind of cover in a couple of points right here. This one right here, Powell says it's likely to be true that a softer pace of growth in a soft labor market likely needed to be getting inflation back on track, that not necessarily being the case right now, softer labor and softer growth, which obviously GDP has been continuing to climb. So this is something that has been a problem for Powell. Further into this, he said that the effect right now on the Fed hikes are being seen, though. So that is this lagging element within the markets that says, hey, the Fed's been doing their job. They're causing all this to happen. But unfortunately, we haven't seen the real effect on GDP, labor, and some of the other markets. We have seen it in real estate. We have seen it in some of the securities markets. Further in this is, we'll take time. He's referring to resetting of borrowing costs, which is higher for corporate bonds and loans coming due that are refinanced at higher rates. That's the other factor that are going to be playing in here. So other things that he got into, I'm going to kind of scan up here, there's a few more notes that I had, Powell signaling that the September dot plot, this was another big one, that it may not be accurate anymore. And that one showed the majority of participants forecasting one more rate hike this year. So this is the question. And when he was answering questions from the journalists, they pointly went at him for December because the markets, when you look at the market response, even though we've seen S &P kind of adjust down, but some of the other markets, especially if you look at gold and even what's happening in the crypto markets, still trending up. And I'll show you guys some charts here in a second. We'll get into that. And also, by the way, we did a big video on Solana yesterday, precursoring some of the growth that Solana is now seeing today. I'll show you that as well. So make sure and stick around for that. I want to play a clip here from Powell in from the livestream here. Let me kind of start it right here. At the stage for achieving maximum employment and stable prices over the longer run. To conclude, we understand that our actions affect communities, families and businesses across the country. Everything we do is in service to our public mission. We at the Fed will do everything we can to achieve our maximum employment and price stability goals. Thank you. And I look forward to your questions. All right. So I'm going to pause it there for a second now. So basically, what I'm getting at here is that they have not deviated at all from going after a 2 percent inflation. And that, to me, still shows the resolve that I think the Fed is going to have during these times in which we're continuing to see GDP rise, continuing to see strong labor numbers, which we should not really be seeing, but yet still are. So either the Fed is wrong or we're seeing a huge detachment in these trailing impacts from some of these market indicators that are just not necessarily taking place in the economy just yet. Now we could be on the brink of either a rate hike that will come in December or potentially a scenario that plays out longer if we continue to see stronger GDP numbers. There was another thing that they were hitting on right here from the Bloomberg piece. This was talking about the long -term growth trend. It's around 2 percent. But right now, there's an elevated level of potential growth. This is the catch -up phenomenon that I'm talking about. And thanks to factors including unwinding of supply chain and increased labor force participation, rise in immigration, et cetera, he thinks that is, or they think, that is still the reason we're seeing this slowness of how the jobs market has been able to respond to this. Now the question will be, does Bitcoin, and in general, some of the risk assets respond to this? Because when you look at some of these no -hike responses over the past several months that we've done on the FOMC meetings, which by the way, we didn't do this one live today. Did you guys, do you care if we do these live stream or are you more interested in kind of the analysis afterwards? Let me know. Drop some comments down below. Make sure and subscribe to the show as well. But the point I'm getting at is if you look at Bitcoin, let's go over here to the Bitcoin chart, and obviously not a hot, you know, I don't think too many people were seeing or expecting too much movement anyway from Bitcoin. This is on the four hour. But as you can kind of see, just pretty much the range that we've expected, which is around this mid 34 range overall. Now does this set up though for another December run? Now remember, if you go back here, I'm gonna go to the daily chart and I'll show you something here that one of our analysts was kind of showcasing a little bit right here. Let's go back into December and we'll fly into it right here. So right here is the end of December right here. So you see this, let me kind of zoom in on this range right here. You'll see this range right here, which is kind of this sideways range that we're talking about right now, potentially. Is this something that could happen? Now could it repeat? There are a couple of things, big factors that play into January. Remember, ETF deadlines coming in January if we don't get an ETF before the end of the year. We get an ETF before the end of the year, all bets are off, we're gonna see some movement obviously with Bitcoin and some of the other markets. But the question will be, do we see that kind of lift in the market? Because when you go back and look at that, this came from December 30th right here to literally January 18th, up almost 30%. So very similar to what we've seen in this short period of time right here over this short run of where Bitcoin, of course, has grown up to around 35, 36K, and that's coming from this point right here around 26, so nice little move right there at 31%. So I'd love to get your feedback. Do you feel that this is going to continue to stay slightly up, meaning could we get a 35K hold pattern on Bitcoin during this period of time and possibly see this little ramp? If rates though increase in December, does that put us in a position where we could see that retracement? Remember, a lot of people, a lot of analysts have been calling for a potential retracement in December, or I should say over the next few months, could it happen in December if we actually get a rate increase? And at the time, if we get a retracement, then it's set up possibly for an ETF, and that of course gives you kind of these explosive market and volatility scenarios that play out into this. A couple of other things that I wanted to hit on. This was one tweet right here for Kathy Jones over from Charles Schwab, and it was kind of interesting. Two -year Treasury fell sharply following the release of the FMC statement. Market is interpreting that the statement as the Fed likely to be done with rate hikes this cycle. However, though the statement came out with, hey, we're pausing, this cycle, obviously the case, but now based on what Chair Powell was saying in the conversations and the questions afterwards is that they have not ruled out the December rate hike. And I believe, based on the way he was talking in the conference, I believe we're going to see a rate hike in December. And that's only because of the continued slowness in this market, this economic scenario. I don't think we see enough movement in the securities market unless of course there are some factors in that, and we'll get into that, but mostly it's the situation around the global conflicts that are occurring. So all of that playing into his statements today. One other thing right here, this was the S &P 500 gains close to 1%. This is just on the short period of time. And then the other thing here was his statement right here on the banking system still being resilient. So my question is, do we see any kind of pressure on, whether it's regional banks or other banks, especially as we continue to see this debt problem continue to be a major problem within the overall architecture of what's happening monetarily from the US government? So this is getting interesting because timing -wise doesn't necessarily line up with what the current market is, meaning still strong GDP, jobs aren't moving. We are seeing real estate slightly, obviously commercial is a big factor here, but does this push the Fed enough to go ahead and pull the trigger on another rate hike? And I'd love to get your feedback. Do you guys think we will see a rate hike coming in December? My point, I still believe rate hike is coming in December. I'd love to see the probability charts in about a week to see what that might look like coming from the FOMC meeting then. Another thing to be aware of, we have been tracking Solana pretty heavily today and yesterday. This of course is just a breakdown on sentiment. Big move over the last couple of days on Solana. And if you look at the charts on Solana, let me jump over to the chart real quick, almost 44 right now, waking up here to almost $47. This is up almost 14 % on the day. We look at Solana right now with many lenses, and most of it has been through the payment lens, but there's also I think some very interesting news that has yet to release. Remember Breakpoint has still got two days yet to happen, and they've been releasing quite a bit. We're getting ready to drop a video today if it doesn't hit before this one, so make sure and check that one out. But this is a good example of why and what we've been doing with Sol overall. This kind of upward trend. The big thing though is this amplification number is starting to really come in on overall sentiment, which is what I talked about yesterday, overheated sentiment data on Solana. So continue to push in that direction. We're going to be doing a full breakdown on the FOMC impact because there's a lot of fed news out along with the SEC, along with some of the regulatory scenarios that are playing out with some of our lawmakers that will break down that could affect the markets in a very interesting way in the way of an uptrend. We'll see how that goes. Of course, if you guys are listening in on the podcast, make sure and tune in here to the YouTube channel. It's the best place to get alpha like this. And if you're not in our diamond circle, make sure and get in now. It's the best place to get additional content, more stuff that we don't put here on YouTube, or you can catch me out there on X at Paul Baron. We'll catch you next time right here on Tech Buy.
A highlight from BREAKING: Spot Bitcoin ETF on the Verge of Approval!? | EP 852
"You You're against freedom Yeah, welcome to another episode of simply Bitcoin live or your number one source for the peaceful Bitcoin revolution Breaking news culture andmatic warfare. We will be your guide through the separation of money and state is the bull market back Holy cow, I mean, I don't want to say it was a god candle But it was like from like 30 K to 35 K was absolutely crazy People were losing their minds Michael Saylor has officially been vindicated Absolutely bullish next cycle is gonna happen and it's gonna be an undeniable Fact that Michael sailors Bitcoin strategy was the right strategy and there's no amount of media spin misrepresentations propaganda That would that's gonna be able to cover up that fact And I think so many other public companies are just gonna follow suit because they're gonna realize You know I think it was Michael Saylor that even said this if they have Fiat and their students they're sitting on tons of fear on their balance sheet They're sitting on ice cubes, right? Imagine just holding a percentage of Bitcoin right, and of course, we know Bitcoin is deflationary that could compensate for the amount of purchasing power that they're losing because they're holding Fiat and This is gonna be an undeniable fact, which is why I'm so incredibly bullish for the next cycle in 2018 I never forget the one of the coping narratives was the Institutions are coming. That was a lie The institutions are here and when I'm talking about institutions, I'm talking about Franklin Templeton. I'm talking about fidelity I'm talking about BlackRock. They're all filing for for spot Bitcoin ETFs now the price pump is due to And I'll read you guys it so I don't butcher it but it's basically due to the iShares Bitcoin trust apparently being Listed on the depository trust and clearing corporations website now breaking news, which I'm sure People haven't covered this yet because this literally just happened Apparently that ticker has been removed from the website. So this morning it was on the website last night It was on the website Which I feel like is a big reason as to why the price pumped the way they did and now it's being removed But is it being removed because it's obviously apparent that you know, a lot of people bought the hype bought the news What is actually going on with the spot Bitcoin ETF and we have Hester Pierce and Hester Pierce is? Actually, she's a she's a commissioner on the SEC, right and she had some comments Yesterday on CNBC in regards specifically on squawk box in regards to The the Bitcoin ETF right? So there's clearly mounting pressure, right? We know from various sources whether that's Kathy would Caitlin long They're all saying it. I Mean we we had a suspicion when Nick Carter originally released his piece You know operation choke point 2 .0 when Caitlin Long's Bank got denied the federal banking charter when the White House was releasing like anti Bitcoin rhetoric and wording and the reports that they're releasing the reports released by the US Treasury We came to the inevitable conclusion that perhaps This ETF being delayed may be political right and it's awfully suspicious That literally the same month that Caitlin Long's bank got denied the federal banking charter to make her competitive with other make her competitive with other banks The Fed now was released so the American version of the central bank digital current currency So a lot of coincidences happening at the same time, but look regardless I don't think they're gonna be able to hold the floodgates For that much longer because clearly at this point, you know, of course, this is my opinion I can't know this for certain but it sure feels like they're delaying that ETF for political reasons At the same time yesterday's episode we covered the hoax article that was released by the Wall Street Journal which led Elizabeth Warren and a bunch of all other politicians to put pressure on the White House and Then that led to the FinCEN which is part of the US Treasury to release this insane Bitcoin regulation that they have proposed but it was all based on an on a false article Released by the Wall Street Journal if you guys want to know more about that We covered it in depth on yesterday's episode today's episode We're gonna cover exactly what the FinCEN has proposed Alright guys, no more delay before we jump into the show want to introduce my legendary co -host Catch them when he's sipping his coffee.
A highlight from Beginning of the Bull Run? with Lawrence Lepard, Brad Mills, D++ and More - October 24th, 2023
"Hello, and welcome to the Cafe Bitcoin Podcast brought to you by Swan Bitcoin, the best way to buy and learn about Bitcoin. I'm your host, Alex Danson, and we're excited to announce that we're bringing the Cafe Bitcoin Conversations Twitter Spaces to you on this show, the Cafe Bitcoin Podcast, Monday through Friday every week. Join us as we speak to guests like Michael Saylor, Len Alden, Corey Clifston, Greg Foss, Tomer Strohleit, and many others in the Bitcoin space. Also, be sure to hit that subscribe button. Make sure you get notifications when we launch a new episode. You can join us live on Twitter Spaces Monday through Friday, starting at 7 a .m. Pacific and 10 a .m. Eastern every morning to become part of the conversation yourself. Thanks again. We look forward to bringing you the best Bitcoin content daily here on the Cafe Bitcoin Podcast. Good morning, everybody. Good morning. It is a good morning. Morning, everybody. Morning, everyone. Dang, Terrence is up early today. Watching Jim Cramer completely shut down the conversation of BTC on CNBC this morning was pretty funny. Literally, Carl Cantonea said, what about that move in BTC? And Jim said, this is literally, I think I got the quote right, oh, you know, David, I really like Amazon. And then they didn't mention anything about it the entire hour. He just pretended it wasn't happening. Nothing about BTC. I'm quite sure the producer said into Carl Cantonea's ear, do not talk about BTC. Cramer's not done accumulating. How is he so fucking wrong all the time? He's the perfect contra indicator, though, isn't he? Legacy experts, am I right? Yeah, when you make a fortune off of the 1987 crash, because you got your money out prior to, and then you just live on that reputation for the next 20 years, and then you put yourself in a position where you're a commentator on a news show for the next 20 years past that. He doesn't actually have to do anything anymore, you know what I mean? There's no more proof of work necessary. He can just run his fucking mouth and it's all good. I think he did pay for his farm with Bitcoin, though, by the way, his Bitcoin gains, right? Yes, he did. Well, at least that's what he claimed. So I think he sold most of his Bitcoin close to the top. So that's, I guess, from a legacy TradFi perspective, that that was a smart move. Yeah, it would have been a good trade, right? If he had, I don't know what his numbers are, but that would have been a good trade. But here's the funny part, this is that in hindsight, after we pass the last all -time high, he's going to start kicking himself. This is what happened with me. I thought I was a fucking genius. In 2017, the price of Bitcoin goes past $1 ,000 per Bitcoin. I'm like, huh, maybe I should buy some of this. And then I held it all the way to the end of that year and I'm like, ooh, this is definitely a bubble. Sold that shit and I thought I was a fucking genius, right? No, bro, zoom out, idiot. It's like the guy whose name shall not be said said, you know, it's hard to admit you're wrong. And that's when you capitulate and you purchase Bitcoin is when you admit you're wrong about what you thought about it. 100%. You have to be able to put that ego away and be like, okay, I was wrong. Okay, it's cool. I own that shit. Grow up, be a goddamn grown up right now. Speaking of which, I think I'm wrong or quite more and more sure I was wrong about the timing for spot Bitcoin ETF approval and launch. What, what, wait a minute, explain yourself, why, what has changed? So a couple of things, what is, Kathy Wood said that she, she's been, they've been talking to the SEC, right, Gensler, saying they're reviewing all the applications market totally disagrees with my view that the, you know, the NYAG thing should be bearish for the price. So all this is telling me, and there's some other things going on, but all this is telling me that the catalyst looks like it's Bitcoin spot approval, amplified by all these other things, short sellers getting squeezed, gamma squeezed, blah, blah, blah. But yeah, I think it's going to happen much faster. That's BlackRock getting QSIPs, even though it's not this positive, right? Because I've been thinking about it. It's a good sign, even though it's not the SEC granting the QSIP, it's not the SEC granting the ticker. Why would these entities do that unless they thought it was pretty close? I don't know. That's not a, I don't know, man. Like I'll, and I will tell you, I've been involved in funds before where you put the prospectus together, you get all your shit lined up, you submit it to the SEC, you go buy a QSIP and it's like, it doesn't necessarily mean you're actually going to launch or not. These are just things you have to have in place. Kind of like if you have a business, you need a business license and you need a bank account, right? You need those things to do business. So they're just getting ready.
A highlight from The Ongoing Conflict: Targeted Massacre and War Crimes with Sean Parnell
"Beware of politicians who you agree with all the time, because 100%, they are lying to you. Ladies and gentlemen, distinguished guests and my fellow citizens, America's comeback starts right now, from the land of the free and the brave, I love my country, they can't take. Welcome back, Mike Speraza here in studio today, I have a special guest now, Sean Parnell, a combat veteran, a New York Times bestselling author, and host of Battleground on Red Voice Media. Sean, thank you so much for joining us. Hey Mike, thanks for having me. I'm going to get into your show in a little bit when we finish, because I want to hear about your show and all the good stuff that you're doing, but first I want to talk about this Israeli -Hamas conflict that we've seen now for the better part of the last two, two Pretty sad stuff all around, seeing what's going on to the people of Israel, the innocent people of Palestine too, there's innocent people getting hurt, killed, treated very poorly in that region, but I want to start with your thoughts today. Today we are recording this, Joe Biden is in Israel right now, your thoughts on him going out there, and again, I'm going to give you my thoughts quick, I don't know Sean how this guy is going to do any good there, he can barely talk to the people of America in I can't imagine it going very well when he's sitting there with a little reader. Yeah, there's a reason why, you know, when Joe Biden is giving a scripted speech, people say that the teleprompter writer or the teleprompter itself is the most powerful entity in the world at that specific moment, and it's because you're exactly right, Mike, Joe Biden can barely string together a coherent sentence, he can barely walk up a small flight of stairs, I often say on the show that he's just an animated corpse, I mean, it's like every morning they dip the guy in the Lazarus pit, and it's less effective as every day of his presidency goes on, and so it doesn't fill me with confidence that he's going into one of the most complex geopolitical situations in the world, and has been one of the most complex geopolitical situations in the world for the past hundred years, so in fact, as we've seen so far, it means it looks like almost all of our Arab partners in the area have canceled meetings with Joe Biden based on the propaganda that Israel hit a hospital, which of course now we know is not the case, and of course we saw the news this morning of Biden in a meeting with Netanyahu, I mean, honestly, Mike, just rambling about stuff that was just totally incoherent and didn't make any sense, he trailed off into the distance, and so it's not an overstatement to say, and it really upsets, I hate when members of Congress and politicians are like, World War III's on the horizon, it's like, isn't that a commentary on the world that we live in when people think World War III, oh my god, it's just a political talking point, but it is true that with this guy at the helm, it's very, very clear that our enemies see this and are taking full advantage of it, and that's why you see all the chaos happening around the world. Yeah, and obviously this isn't the first bit of chaos we've seen over the last three years, there's plenty behind it as well, and here's my thing too, like, the Joe Biden thing, like, I get it, if it's like a PR thing you gotta do, that's fine, but what's starting to really irritate me, Sean, is now we have people like my governor in New York, Kathy Hochul, that's like, I need to get to Israel and really meet with these folks, Kathy Hochul can't run New York State, what the hell is she gonna do in the Middle East? I mean, it's such a great point, and obviously New York has problems of its own, whether it's with Kathy Hochul or Eric Adams, the mayor of New York City, you know, who, by the way, just in the past month said that Israel was gonna, or, I'm sorry, that New York City was gonna collapse because of the migrant crisis, goes to Mexico, meets with Mexican leaders, and then comes back and promptly say that we need to keep our borders open, so I don't know how those two statements exist in the same world, but I'll tell you, like, something that concerns me greatly, circling back, like, Jen Psaki -style to the Israeli -Gaza conflict and the tragedy that happened there, a couple things on that, and let's just walk through this at 30 ,000 feet. When Hamas attacked Israel, I say this often, Mike, but it's not, it is underselling it that that's, it does not do, it does a disservice to what happened to the Israelis by calling it an attack, because it wasn't an attack, it was a massacre, a targeted massacre of innocent men, women, children, elderly, Holocaust survivors, seriously, take a second and just really let that sink in. Somehow you survived the Holocaust, you're in your 90s, and now you're captured by Hamas and being taunted on camera for the world to see? That is evil incarnate, it's horrific, it should not happen in our world. I mean, they murdered, killed babies, they raped women, they paraded these women around the streets, bleeding as if they're some sort of trophies, they took women, children, babies as hostages, they're using those hostages as human shields right now, I mean, all of these things, every single one of these things is considered a war crime of the highest order, you know, so Israel responds, right, and by the way, all these Republican politicians come out and immediately they start saying that Israel has a right to defend itself, but I think Republicans need to really hone their messaging here, because of course as we saw yesterday with the propaganda about the hospital, the public opinion fight in the messaging is critically important, it's not enough just to say Israel has a right to defend itself. Well, what does that mean, right? As a military tactical term, it means that Israel has a right, you know, to fire a few indirect fire attacks or bomb a few Hamas targets in Gaza, and that, hey, look, it's proportional, right? There should be a ceasefire now, and that's what you've heard from Democrat politicians taking advantage of the rhetoric that Republicans use with the whole phrase proportional response and ceasefire, okay? But what Republicans have to get comfortable saying is that Israel has a right to eradicate and destroy Hamas. I mean, and the reason for that is, is that Israel has proposed and extended an olive branch to Hamas into the Palestinian Authority multiple times in the past 75 years and proposed multiple two -state solutions with the Palestinian authorities, and Hamas have of course rejected each and every time. And so there comes a point in time where you have to say enough is enough. And I'd also say this, you know, the Palestinian Authority and Hamas, they demand a two -state solution, and what that means is they demand a country of their own. Well, if you're evaluating the potential of a country, right, and you're saying you're just like asking questions, and you're like, what's the charter, like, what's the mission of your country? And the number one mission of that country is to commit genocide against your neighbor. Maybe you don't deserve a country. I'm sorry, maybe you're not entitled to that. So the idea that the Palestinian Authority and Hamas are entitled to a country is I reject that premise right off the bat. So my point is, is that Israel made a commitment after that attack to go after Hamas and destroy them. And I said very publicly that two things need to happen in order for them to accomplish that mission. They have to have the military capability to do it, Israel has that, they have to have the tactical flexibility and the space and the freedom, which means free from international pressure to do it. And that is where Israel is going to have problems, and that is where the Biden administration has done everything they can to hamstrung the Israeli Defense Force in this way. Israel was poised to invade Gaza after surgical strikes on Hamas on day one. They were right on the border, and the Biden administration has done everything that they can to delay that, knowing full well that every day they delay, the percentage of Israeli casualties that will happen if a ground invasion actually happens goes up exponentially. Right now, and this is just military doctrine speaking, Mike, right now the Israelis are poised to take anywhere because of the delay between 33 % and 60 % casualties in the devastation that surrounds Gaza and what they call military operations on urban terrain. That's not Sean Marnell talking, that's U .S. military doctrine. Casualties will be high because Hamas has had time to set booby traps and place snipers, delaying complex ambushes, to put in IEDs, I mean, it's just going to be treacherous as hell. And ultimately, that's why I believe Biden is in Israel to delay that invasion further because Biden made his objective very, very clear, Mike, that he does not want Israel to invade Gaza. He said that on 60 Minutes on Sunday, so here we are. So I think what's frustrating for me, I'm a person that's never had military experience, so I'm speaking to the likes of, we should be trusting the people that have military experience, right? We should be talking to more people like you. I interviewed Joe Kent last week, too. People who have had experience, great guy. We should be listening to those types of people, not Joe Biden, not Rashida Tlaib, people that actually know the battlefield and what's going on out there, and Joe Kent said exactly what you just said, Sean, they're going to booby trap everything. And this is not combat like you see in a movie or something, he's like, this is the most dangerous of combat that you're going to face going into buildings, which you have no idea who's in or out of there, right? You have no idea if it's a bomb, if it's people, if it's hostages, you have no idea. And the level of complexity of it is off the charts, and that's what bothers me. We have all these talking heads on TV, on social media, everywhere that know nothing about it and don't care to, so they can just push a narrative. It drives me insane. You're exactly right, Mike. And I'll tell you just for your listeners, for your viewers, why it was critically important from a tactical standpoint and to minimize civilian casualties that Israel invade immediately after their airstrikes. There's something in the military called echelonment of fires. I've done this, I've fought in this terrain hundreds, if not thousands of times in Afghanistan. And the goal with echelonment of fires is you hit with your biggest bombs first, as you're moving as infantry, me is moving to the objective. And as you get closer to the objective, you diminish your firepower. So you go from maybe an airstrike to artillery. And then as you get even closer, you go from artillery to mortars. And once you get even closer to the objective, you turn off the mortars and then infantry hits the objective. The reason for that is you don't want to give your enemy even a second to breathe. And so every second that you delay gives them a second to consolidate, reorganize, and fortify their defenses and harden their defenses to make an invasion in Gaza, in this specific tactical example, almost completely untenable. And here's the deal, Joe Biden knows that, and there are people in our military that are telling him that, but he's just completely blowing it off. And so he's blowing it off and he's talking out of both sides of his mouth saying, is Israel has a right to defend itself while simultaneously freeing up $6 billion in sanction free money to Iran, who's then using that money to export terror around the world, crazy. And what scares me even as sometimes more than this is these people, you know, our, our American troops, they don't want to die when they go to war. They know that's a risk, right? But they, these guys on the other side with Hamas, they, they like praise dying out there and blowing up people and not caring what happened. And you're facing a much different enemy than I think a lot of American people, especially these Gen Z kids and millennials understand, like, this is not like love wins out there. This is the scariest of the scary, the most dangerous of the most dangerous. And you know, I'm going to move to my next point here with, with Rashida Tlaib, this, this attack on the hospital, I'll call it an attack, I guess, but on the hospital yesterday ended up being what it looks like right now from the actual data and evidence to be a, a, a, a weapon used by either Hamas or somebody like Hamas, a terrorist group that was misfired or shot there on purpose. I don't know, but here's my problem. We have American politicians coming out that moment, Sean, saying, you see, Israel did this. They killed, you know, innocent people. They went after a hospital. That's really dangerous. Is it not? It's incredibly dangerous. And not just that, you know, first of all, it was, it was strangely all at the exact same time that that hospital was hit. And I'll get into the tactics of how that happened in a second, but the exact time that the associated press, the Washington post, the New York times and Democrat politicians all echoed the same thing. They elevated terrorist propaganda. And that's exactly what it was. Terrorist propaganda, because who fired that rocket. Now it looks like it was Islamic Jihad, which is a state department declared terrorist group. Okay. They elevated terrorist propaganda and they immediately blamed Israel. And what happened is that that caused a chain reaction around the world, caused violence and uprisings and U .S. and Israeli embassies all throughout the Middle East. The blame for that, and there needs to be accountability for this, but the blame for that should be laid at the feet of these fake news media outlets and these journalists who are not just the enemy of the people, they're, they're an enemy of global stability. There needs to be accountability for that. And especially these Democrat members of Congress, I mean, why they haven't been expelled from You can bet that if it were Republicans doing irresponsible things like this, the Democrats would remove them from committees. If they had the majority and do everything they can to expel them from Congress, here's what kills me though. It's so anti -America in every stretch of the imagination. These people are the most anti -America humans of all time. You should not be representing our country if you hate the country. And that's what the Rashida Tlaib, the Elon, Omar's AOC, they hate America, Sean. They should not be in politics. I mean, I completely agree. And, and, and, and just look, if you look at the facts of yesterday's attacks, I want to make sure I touch on this. So I think like 30 to 40 % of rockets fired by these terrorist organizations from Gaza into Israel fall short. And that's because, I mean, people were wondering the Democrats are out there like AOC talking about collective punishment and how they're, how they're the Israelis cut off water. But the reason why the Palestinians don't have water is that Hamas dug up their water pipes and uses them as field rocket launchers. And that's why these rockets fall short. And that's also why the Palestinians don't have water right now because, because of Hamas and the moral responsibility for, for civilians caught in the middle on the side of Gaza and the civilians murdered in Israel is because of Hamas and not the Israeli defense force. Where does this end? Because they have not gone in yet. The IDF has not gone in yet. I would assume, and to your point, I would hope soon, because as the days go on, it gets more and more dangerous, but when do they go in and then how does this conflict start and finish? I don't know where to set, where to go from here. Yeah, it's a good question and it's a complicated answer. And I think, you know, is what, what the Israeli military, along with their, you know, is, you know, Bibi Netanyahu is going to have to decide and they're going to have to evaluate what's called the tactical risk and balance it with the mission objective. And what I mean by that is if the mission objective is to destroy Hamas, you have to look at the tactical risks and assess what the cost of that mission would mean for the Israeli military. And right now, 33 % to 60 % casualties. If you're a military commander in Israel, I mean, that's tough, man. That's tough to say that you're going to, you know, casualty doesn't necessarily mean death, but it could mean, you know, a severe injury or wounds that then the Israelis are going to have to take care of. And it's just, it's just a real tough decision. They're going to have to make that decision on their own, but here's the deal. If it ends up, if Israel does not destroy Hamas, the cycle of violence will continue. And you can bet that Iran is going to continue to fund and export terror around the world. They're going to fund Hezbollah. They might even attack Israel from the north, which that really scares me because if Iran and Hezbollah attack Israel from the north, it triggers the war powers act. It actually, it actually complies us by law to respond, uh, to respond to that invasion of, of an ally, which would be an escalatory possibility. That would just be a very, very scary thing, especially when you consider that the war in Ukraine seems to be going on in perpetuity, along with us taxpayer dollars, going to fund Ukrainian pensions with no end in sight and no mission. You add to that a war, essentially in the middle East against the Islamic world, because the war continues to escalate and if American troops find themselves dragged into the conflict, you can bet that that will galvanize the Islamic world against us. And so it's something, you know, like, and again, it doesn't exactly inspire confidence that Joe Biden's at the helm trying to navigate these really tough diplomatic times. So it's, we'll see, we'll see. That's exactly what I was going to end with there. Could there be a worst leader for us and really the world, right? There's not a worst leader for the world right now that a guy, you know, you mentioned before I called weekend at Bernie's, cause that's what we're dealing with here. Like we're just moving them around where, you know, uh, he's doing as he's told literally, it's just not very good.
A highlight from A Preachers Disobedience
"Welcome to Gospel in Life. Throughout the Bible there are signs that point us to the Gospel. Today Tim Keller is looking at how we can discover them and what they teach us. Some years ago in my first, my only other church in a small southern town, a man came up to me. He was in my church and he shook my hand and he said, I really want to thank you because up until I met you I thought preachers hardly ever sinned. And I've cherished that fairly clumsy compliment because it doesn't sound very good, but here's what he meant. His understanding of sin had been totally revolutionized by the ministry there basically. He had understood, like most people I think have understood, that basically sin was a matter of the good people and the bad people, the good guys and the bad guys. And his understanding of sin, which was kind of come from a small southern town, was first you have the bad people. They use dirty words. They beat people up. They drink too much. They sleep all around town. They don't go to church. And then there's the good people. Then there's the preachers. And there's the people who don't break the rules and who come and they're very good. And what, now you know, we have backed away from that. I mean that's the old conservative culture and there's a lot of people who have reacted from that and they've created a liberal culture and what they've done is they've taken the line between the good guys and the bad guys and they've just done it like this. They've moved it 90 degrees. So some of the things that used to be bad are good and some of the things that used to be good are bad. So now, of course, I can cuss and I can sleep all around town, but I work for the environment and I work for tolerance and I make the world a better place. But the good guys and the bad guys, they're still there. The line's still there. Sin is still seeing pretty much as following the rules. What this man was trying to say was that till he understood the biblical concept of sin, Christianity made no sense and it had no power. And I've increasingly come to believe that that really is a problem both inside and outside the church. Outside the church, when people hear the word sin, they think they know what it means, but because they don't know really what the word sin means, they don't understand what the Bible means when we use the word sin, the Christianity doesn't make sense to them from the outside. And on the inside, I believe Christians also, Christians, when they read in the Bible, they see the word sin, they think they know what the Bible means by the word sin and they don't either. You see, if you don't understand sin, intellectually, Christianity will make no sense. A number of you, I'm sure, have come to church today with a friend who comes here regularly. And maybe this first time, maybe you've been coming. And this very often sort of happens between friends like this. If you're a visitor, you may afterwards say, or at some point you might say, there's many good things about this, many good things about this religion, this church, and this kind of Christianity and all that. But I don't completely agree. I differ with you on the love of God. So your Christian friend will say, what do you mean? And you'll say something like this. You say, well, I think Christianity is great, but I believe in a more loving God. I believe that all people everywhere, even people who don't believe in Christ or even people who don't believe in God, all good people everywhere can find God. And if your Christian friend understands the gospel, your Christian friend will kind of sigh a little bit and say, you know, you just left me out. You just cut me out of the herd. You just left me without hope when you said that. And you'll say, what do you mean? And your friend, he or she will say, well, but I'm not good. I mean, there's no hope for me then. If you say that all good people can find God, what about me? I'm not good. And you'll be irritated because, A, you will think this person is just exaggerating. Or B, see, just hyperbole, see. Or B, you'll think this person is joking. Or C, you'll think the person is just being difficult. But no, the problem is you don't understand what the Bible has to say about sin. And the real difference between you and your friend is not on the love of God, not at all. It's on the nature of sin. When you hear the word sin, you think you know what the Bible means and you don't. But it's not only true that without understanding sin, Christianity makes no intellectual sense but also has no spiritual power. I also believe that Christians on the inside who pretty much have the same view of the good guys, bad guys that my friend used to have, if you still have that view of sin, you're going to find out that you say, I believe in the love of God, but you have not experienced much in the way of power. Your life has not been that changed. You have not been lifted up. You have not been turned inside out. You have not found prayer and worship stuff that is so transforming you have to pull yourself away at times. You have not found all your memories healed. You have not found that you can face things in the past that you were so scared of and you can face them with joy. It hasn't happened. And you know it hasn't happened. Why not? You've been here. You've been doing it. You've been kind of running through. You know why? I would suggest, I propose, you don't understand really what sin is either. And as a result, the knowledge of God's love and grace doesn't really empower you. Now, how do you find out what the Bible means by sin? And the answer is find somebody who does obey all the rules and look at that person's life. And that's the reason why my friend said, it was great to see a preacher who obeys all the rules of very goody two shoes, who gave me a definition of sin such that I could see his sin. Now, I'm going to suggest that we do that today, but not me. I mean, there's two ways to go. We get Kathy up here and she could tell you all about this and that would be one way to figure out what the Christian doctrine of sin. The other way is to look at someone in the Bible who is a preacher and who was lifted up by the Bible to show us a very religious person, a very righteous person, a person who was a preacher, a person who was a prophet, a person who was called by God, but who falls into terrible sin. And by looking at that, we get a good idea of what sin is. It's Jonah. Now we see Jonah doing four things. Each one of them tells us something about the real nature of sin. We see Jonah running, sleeping, sinking, and rising. Number one, first of all, we see him running. What do we see? The word of the Lord came to the son of Jonah, son of Amittai, go to the great city of Nineveh and preach against it because its wickedness has come up before me. But Jonah ran away from the Lord, literally it says from the face of the Lord, from the flesh. Now, why? Get right to this. God said go and preached to Nineveh. What was Nineveh? Nineveh was the capital of Assyria. And Assyria was up to this time in history, the biggest, baddest, most violent, imperialistic power, the biggest, baddest, most violent, terrible, imperialistic power that had ever risen in world history. And they were already eating countries around them, they'd already wiped some out through genocide and they subjugated others and Israel was threatened. And Jonah knows the message, what's the message? That Assyria's violence has come up, it has gotten to the place, it's gotten full. This is a typical way that God talks in the Old Testament, they talk about the iniquity of the Amrites being full, that their violence had gotten to the place where God was about to destroy them. And they were, he was supposed to send, and Jonah was supposed to go, and the message was, he was supposed to preach to Nineveh, God has seen, God will judge 40 days and you will be destroyed. But now Jonah doesn't go, why not? He tells very clearly in chapter 4 verse 2 why. In chapter 4 verse 2, which we didn't read, he says very, very clearly exactly the reason why. He says, this is why I fled to Tarshish, I knew you were a compassionate God who relents from sending calamity. Now here's what, Jonah knows that God is a holy God and a just God. But he also knows that God is a compassionate and merciful God. Jonah knows that if God wants to smash Nineveh, he doesn't need a prophet, he doesn't need a preacher. If God wants to smash Nineveh, he doesn't need a messenger. But if God wants to save Nineveh, he does. And therefore, Jonah knows that the only possible reason that God would have to send a messenger to Nineveh is he wants to give Nineveh a chance. He wants to save Nineveh, he wants to have mercy on Nineveh, he wants to help Nineveh. He wants to turn them from their violence. And Jonah says, I don't want that because then Israel will be threatened, then Israel will be at risk, and so he runs. There's a great irony here in his running, because if you look carefully, you'll see there are two words, in a sense, in the word. There's two messages. The first message, God characterizes as a message against. God says, go and preach against. Doesn't just say preach to, because God is saying the message you're going to give to Nineveh is a message against. Now the reason he uses the word against is because it's a hard word. It's a word that goes against their desires, it's a word that goes against their hearts, it goes against their lives, the direction. It's a word that's very abrasive, you see. Go preach against. But Jonah knows that even though the form of the message was against, the purpose of the message, it was a message for. It looks like a message against Nineveh, but God was absolutely being for Nineveh. And so Jonah knows, and this is why he's so upset, and the reason he's running away is because in spite of all the Hellfire sermon, the Hellfire message, he knows that God is for the Ninevites, and Jonah's not, so off he goes. But here's the great irony, the other message is, Jonah, I want you to go. Now this is exactly against Jonah's heart. It was the last thing in the world he wanted to hear. Just like the Ninevites, it was the last thing in the world they want to hear. But even though Jonah knew that God's so -called abrasive messages, messages against are really messages for, he knew that with Nineveh, but he refused to apply it to himself. Here's what he said. He says, if I do what God has asked me to do, if I obey God, it'll be bad for me, it'll be bad for my family, it'll be bad for my people, I must disobey God. Now here's what we have. We have here a recap of the history of the human race, and a recap of your own life history. In the Garden of Eden, when Adam and Eve were told, don't eat the tree, they were told don't eat the tree, a voice came to them and tempted them, and that voice sank into their heart, and it had to have sunk into their heart. The voice went like this. The voice said, God has told you to obey, but God, if you obey, you'll miss out. If you disobey, you'll learn new things, you'll become something new, you'll rise, there's great things out there that obedience will hold you back from. You cannot trust God. You cannot trust him to have your best interests in mind, you cannot trust that obeying him is going to really make you happy and fulfilling, you can't trust God. God is against you. His word is against you, and therefore his heart is against you. Now see, Jonah knew that the word was against Nineveh, but the heart was not against Nineveh, but Jonah refuses to believe it for himself. And back in the garden, a voice came to Adam and Eve and said, take the fruit because you can't trust God. That voice assaulted the character of God, it impugned the love of God, it stuck a dagger in the concept of his goodness. Yes, God is a God of power, and you're going to have to deal with a God of power, you're not going to be able to live your life just the way you want, but you can't trust God. You can always have to be wary of God, you have to always watch your back with God around. And I tell you this, Adam and Eve would have had to have believed that before they took the fruit. There's no other reason they would have taken the fruit. And therefore, this is the sin beneath the sin, this is the heart sin beneath all hand sins. And to really throw this into relief, to show you really here now, before I summarize, what is this? What does this mean sin is? Pretty simple in a way, but very profound. I read a book by Harold Kushner who wrote, he wrote some years ago, he wrote, When Bad Things Happen to Good People, it was a best seller, and he's written a new book called How Good Do We Have to Be? And in that, he has a whole chapter on why he doesn't believe Genesis 3, he doesn't believe the story. He doesn't believe in the story, he doesn't think that that was fair, and here's the reason why. He says, I don't believe the garden story, Adam and Eve and the serpent and the fruit, and here's why. He says, this is incredible, God gives them a command and doesn't give them any reason to do it. He says, now something like this, he says, now look, God is setting these people up for failure. He says, all God would have to do is say, now listen, Adam and Eve, I don't want you to eat this fruit, but before I leave you, I'd like to show you a five minute video of the rest of human history if you eat this fruit. So you know, they stick it in the VCR, they're watching it, thank you very much, and he walks away, Adam and Eve would have never eaten that fruit because they would have seen how my goodness, it would have happened to this and this and this, in other words, how dare God give them a command without a reason. If command without a reason is totally arbitrary, and as a result, of course they ate it. I mean, you know, why not? And then why would God punish them for that, what's so bad about that? Just to miss the whole point. You know, I keep going back to this, if you're married or if you ever get married and you're spouse says to you, do you love me, and you say yes, and then your spouse says, what are the reasons you love me? Why do you love me? Be very careful. Now I'll give you some of the reasons that you might give. Well, the reason I love you, the reason I'm faithful to you is you have a great body and we're having wonderful sex. Another possibility is two incomes, I have a much better lifestyle than I have with one. Another possibility is I've always wanted to have a family and I need somebody the opposite sex in order to have a family. Another is that you know what, you're in good shape, I'm in good shape, we love to hike and we love to climb mountains. Now here's the problem. Your spouse, of course, you know, and of course if you hear this, your heart sinks. Because you know what, these aren't reasons why you love him or her. These aren't reasons why your spouse loves you. These are reasons that your spouse loves sex, that your spouse loves money, that your spouse loves lifestyle, loves hiking, loves children, loves family, but why do you love me? Now listen, if you say, well I love you because I love you, you see, there can't be a reason for love except who the person is. You have to say, I love you not because of what you give me, in which case you don't love me, but because of who you are. And God in the garden said, there's really only one command. This is not an arbitrary command, this is not a ridiculous command, this is the command. In fact, if God had given them a reason, it would have been an invitation to sin. He would have been asking him for it. God says, I would like you to do something simply because you love me. I would like you to do something not because it benefits you, in which case you're basically not loving me at all, you're only loving what I'm giving you, I want you to love me. Now dear friends, everybody in this room wants that more than anything else. You know why? We were built in his image. We need it. We want it. We've got to have it. We demand it. We can't live without it. When we find out that somebody is not loving us, but loving us for reasons, those reasons always being benefits, we just go through the room. We can't live like that. And yet, yet Harold Kushner thinks this was an arbitrary command. The essential substratum in our heart was, God says, do something because you love me, and we said, no, I won't. No, I don't trust you. I will only from now on for the rest of my life and for the rest of human history, I will obey you if and only if it benefits me. Only if there's reasons. Only if things look like they're going to try, but, and therefore I have to pick and choose. I have to decide. I'll decide whether my obedience to this particular thing seems to get me where I want it to go. And that's sin. That's the sin underneath the sins. That's the sin at the very heart, and that is, I don't trust God. God is against me. I don't trust God. God is not for me. I will use God. I will do things only if it looks like it's getting me where I want to go, but I'll never do anything out of love for him because I don't love him. And that's the beginning. That's the heart. That's the first. Do you understand, do you see that? You see, one of the, one of the things, test yourselves, test yourselves. One of the things that's so interesting about the narrative is that Jonah just despises these dirty pagan worshipers. You see, they, they all call out to their God in the middle of the storm, ah, he, these Gentile dogs, these pagan worshipers, I'm a monotheist, he says. I don't have this primitive religion, I'm a monotheist. That's not true. Jonah, just like they, does not really have a love base but has nothing but a fear based, a terror based, an absolutely self -centered based religion. If you want to know whether yours is, take a look. Are you like the sailors? They get religious when things go bad. They cry out to their God. You know, there are no atheists in foxholes or little boats in storms. They cry out for their God. In other words, do you find yourself getting religious when things go wrong but somehow all the resolves never stick? That's just, that's a religion of using God. That's a religion of terror. That's a religion of, that's all it is. But are you like Jonah? And that is. Look at what Jonah does. Jonah is with God. Jonah's obedient. Jonah's religion, he's very religious as long as things are going well, he's the opposite. He dumps God when things go bad. The only way you will know whether you, whether you love God and are you, the only way you will know that you're giving God what every person in the face of the earth demands from everyone else, you demand, you refuse to give God what you demand for yourself, which is love for who the person is. And the way you know whether you're refusing that of God, the way you know whether you are arrogating to yourself and saying I know better than God who I should be, I know better than God what I should do, I have more love for myself than God has for me. The way you can know that is you are this way and that way depending on circumstances. Simple as that. You might be the sailor kind, you see, of God user. You only go to God when things are bad or you may be the Jonah kind of God user. You only go when things are good. But one of the things we can see is the big if. If you say I will obey if, there's a good reason. The good reason is the real thing, not God. That is non -negotiable, God is negotiable. If you don't get it, he's out. Doesn't matter if you're religious, doesn't matter if you go to church, doesn't matter if you're a preacher. Or on the other hand, a person who's running all around doing all the, you know, cussing and drinking and beating people up. Don't you see underneath what Jonah doesn't see yet, but he will soon, is you're the same. The essence of sin, God is against me, I don't trust him, I don't trust him, further I can throw him and therefore my obedience isn't really obedience, it's conditional. The second thing we see is Jonah sleeping. Not running, but sleeping. And this is extremely interesting too. I used to think that Jonah was sleeping in the storm because he was so tired, but you know what, when you're anxious and you're guilty and you're so absorbed in your problems, that's not why. I don't know about you, but I find that I sleep more poorly when I'm upset and anxious and all that. Now, if you look carefully, you'll see the storm came up and the sailors did one thing and that is they called on their gods and they started throwing things overboard. But Jonah's response to the storm was to go to sleep. And here's the reason why. This is very interesting to me. Jonah was absolutely at peace in his conscience because Jonah was ready to die for his people. And as a result, he was in absolute peace of conscience, rest of soul. He was able to sleep. You see, he has run, why? He knows that he has given his life for his people. At first, probably he thought, look, I've sacrificed my career. God's gonna deal with me, I'll probably be fired, but I'm being noble, I'm being virtuous, I'm saving my people. And when he saw the storm came, he started to realize, well, that's even better. See, his whole point is, how do I stay away from Nineveh for 40 days? Well, it's even better. It looks like I'm gonna be killed. Fine. You see, how virtuous, how noble of me. I'm willing to die for my people. And then at a certain point, he actually comes up and the sailors say, what must we do? How can we be saved? And Jonah says, well, I got an idea. I got an idea. Throw me overboard. We don't even have to wait for the storm to kill me. You drown me. And all the way along, when you read it, there is absolute calm. Just calm. I think I'll go take a nap. Ho -hum. Ready to throw me overboard? That's okay. Why? Because he is so, he is so absolutely sure that he's doing the virtuous and noble thing. Now what's this mean? One of the biggest obstacles for people to believe in Christianity is that they think they already know all about it. But if we look at Jesus's encounters with various people during his life, we'll find some of our assumptions challenged. We see him meeting people at the point of their big unspoken questions. The Gospels are full of encounters that made a profound impact on those who spoke with Jesus. And in his book, Encounters with Jesus, Tim Keller explores how these encounters can still address our questions and doubts today. Encounters with Jesus is our thanks for your gift to help Gospel in Life reach more people with the amazing love of Christ. Request your copy of Encounters with Jesus today when you give at GospelInLife .com slash give. That's GospelInLife .com slash give. Now here's Tim Keller with the remainder of today's teaching.
A highlight from 1434: BlackRock: Bitcoin ETF Will Send BTC to $1,000,000
"Say goodbye to your credit card rewards. Big -box retailers led by Walmart and Target are pushing for a bill in Congress to take away your hard -earned cash back and travel points to line their pockets. Senate Bill 1838 would enact harmful credit card routing mandates that would end credit card rewards as we know it. If you love your credit card rewards, visit HandsOffMyRewards .com and tell them to oppose credit card routing legislation paid for by the Electronic Payments Coalition. In today's show I'll be breaking down the latest Bitcoin technical analysis and check this out Janet Yellen while running deficits at over two trillion dollars per year said the following we can certainly afford two wars Max Kaiser responded watching fiat money cuts blow themselves up amuses me the spot ETF news is meaningless two hundred twenty thousand dollars in play and check this out quoting Cathie Wood on the spot ETF she says the SEC really understands Bitcoin and its merits is mainly Gary Gensler standing in the way that's what's up also today the SEC has to approve or delay three spot Bitcoin ETFs including one from Fidelity one of the largest asset managers in the world also in today's show Nishad Singh says there was a lot he didn't remember about FTX in 2022 I'll be breaking down the latest with the ongoing SPF trial as well as FTX customers can get nine billion dollar shortfall claim payout by mid 2024 I'll be breaking this down for you also the Bitcoin price model I'm gonna be sharing with you hints at a hundred and thirty thousand Bitcoin price target after the 2024 Bitcoin halving I'm also gonna be sharing grayscale's Bitcoin trust discount narrows as the court gears up to issue GBTC mandate I'll be breaking down this latest report as well as BlackRock reacts to the false Bitcoin spot ETF approval news in a positive way quoting their chairman and CEO Larry Fink on Fox News this rally is way beyond the rumor I think the rally today is about a flight to quality with all of the issues around the Israel war now global terrorism and I think there is more people running into a flight the quality whether that is in Treasuries gold or crypto depending on how you think about it and I believe crypto will play that type of role as a flight to quality powerful words and quitting Max Kaiser as we've discussed before Bitcoin is designed to be attacked so please attack me so that the price can go to a hundred thousand two hundred thousand a million dollars per coin thank you we'll also be taking a look at the overall crypto market all this plus so much more in today's show yo what's good crypto fam this is first and foremost a video show so if you want the full premium experience with video visit my youtube channel at crypto news alerts dotnet again that's crypto news alerts dotnet now welcome everyone just joining us this is pod episode number 1434 I'm your host JV and today is October 17th 2023 we got Bitcoin up a quarter of a percent still hovering above 28 ,500 yesterday on the false rumor news of a Bitcoin ETF being approved Bitcoin surged within minutes up over $2 ,000 above 30 G's but then we corrected back down to 28 and we're currently pumping once again as many of the alts are currently correcting and in the red and checking out coin market cap calm the crypto market cap is at 1 .09 trillion we're roughly 49 billion in volume in the past 24 hours but a Bitcoin dominance on the rise now officially 51 % attack against the alts as we're sitting at 51 .1 % how high do you feel this Bitcoin dominance is likely to climb for this cycle peak let me know as the ether dominance not looking so good it's been on the decline now at the lowest it has been in a very long time at 17 .3 percent ever since ether switched from proof of work to proof of stake it hasn't been a good look in my humble opinion now checking out the top 100 crypto gainers at the past 24 hours ton coin is leaving the pack up almost 6 % trading just above 2 bucks followed by ok be up 5 % trading above 46 bucks followed by 8 coin up almost 5 % trading at a dollar 12 and checking out the top 100 crypto gainers for the past week ultimately you have a sea of red with a handful in the green as Bitcoin continues surging with its market dominance we also have hex up 16 percent and checking out the crypto greed and fear index we're currently rated a 52 which is neutral yesterday was a 47 last week a 50 and last month a 46 and greed so there you have it fam how many of you have been seizing the moment and taking advantage of this dip let me know in the comments right down below and again massive shout out to everyone in that live chat I appreciate each and every one of your support now let's dive into today's Bitcoin technical analysis check out the charts where the Bitcoin price action is likely to head next here we go Bitcoin passing 28 ,000 hints of bullish sentiment but reclaiming it for good is essential according to top analysts we have Yan and Jan of analytics firm glass node describing the 28 ,000 mark as a critical milestone for the price action now after snap volatility will cause Bitcoin to hit 30 ,000 for the first time since August Bitcoin managed to preserve some of its gains and at this time we're just above 28 ,500 now for say goodbye to your credit card rewards big -box retailers led by Walmart and Target are pushing for a bill in Congress to take away your hard -earned cash back and travel points to line their pockets Senate bill 1838 would enact harmful credit card routing mandates that would end credit card rewards as we know it if you love your credit card rewards visit hands off my rewards calm and tell them to oppose credit card routing legislation paid for by the electronic payments coalition the analysts over at glass node here's what they had to share the crypto market is hinged on bitcoins ability to breach the consistently and maintain a value north of 28 ,000 28 ,000 has formed a battleground ever since Bitcoin first crossed it in early 2021 and liquidity had traditionally surrounded it as the Bulls and bears fight to secure control over the long -term trajectory now according to data from decent suite amongst others confirms the status quo remains despite the recent Bitcoin price moves with 28 ,000 lying in a zone between the major longs and shorts a varying leverage as pointed out here in this chart which shows you the Bitcoin liquidity data brought to you by decent trader putting them here while this pivotal milestone was moment momentarily attained on futures the spot market price peaked at twenty seven thousand nine earlier today it is evident just how crucial this price price point is for the larger scheme they also shared that the rapid movements in these price thresholds aren't just numbers they signify investor sentiment market dynamics keep an eye out on that 28 ,000 level so there you have it that is currently the line in the sand now as reported by Cointelegraph predictions over what the future will bring for Bitcoin both before and after the next block subsidy halving in April differ considerably in an interview last month decent trader co -founder Phil B Philby I Bitcoin price galvanizing itself for an upside during quarter four possibly reaching $46 ,000 per coin by the halving some well -known market participants however remain risk -averse amongst them crypto Tony and others betting on a pre having returned to 20 ,000 for a final local bottom quitting the analysts many can scream they are long right now and caught that move but if you're not taking profit here at resistance you're doing something wrong I personally will not be long unless we flipped at twenty eight thousand five hundred level into support so there you have it are you amongst one of the bullishness for Bitcoin or do you have more bearishness where do you think we're likely to go next let me know your thoughts in the comments right down below now pointing something out from Treasury Secretary Janet Yellen I can't believe she shared this she literally said we can certainly afford two wars and the nerve she has to share that so shout out for max for calling her out here watching fiat money cucks blow themselves up amuses me 220 ,000 in play he also tweeted that the spot Bitcoin ETF news is meaningless and that 220 ,000 is still in play and Kathy would regarding the spot ETF she recently shared the SEC really understands Bitcoin and its merits it's mainly Gary Gensler aka no clarity Gary standing in the way let me know if you agree or disagree now also it's a big day in the markets as the SEC has to approve or delay three spot Bitcoin ETFs today including one of the largest ones in the world which is fidelity which currently controls four and a half trillion and assets under management you can see here for the second deadline in the blue you have it circled and highlighted in purple you can see the Van Eck ETF we got wisdom tree as well as fidelity those are three major players so how do you think the SEC will rule upon them most likely going to be pushing it back but you just never know be keeping you posted with the latest updates and with that being shared fam now let's break down our next breaking story of the day and the latest updates and report from Nishad Singh testifying against Sam Bankman freed regarding the ongoing FTX trial let's break it down lawyers representing the former FTX CEO SPF conducted their cross -examination of Nishad Singh pressing the former engineering director on events leading to Alameda research using funds for the crypto exchange according to reports from the courtroom on October 17th Singh admitted there was a lot he didn't remember from June to July of 2022 under questioning from SPF defense attorney Mark Cohen the former FTX director reportedly said he had no knowledge of a discussion between the former FTX chief technology officer Gary Wang and former FTX developer Adam yet adida it was an 8 billion dollar hole Singh said according to reports on the fallout from the bug Caroline posted the screenshot of a graph showing Alameda's unexplained balance breaks over time and the bug explained it now how does SPF look with an orange jumpsuit on let me know in the comments right down below now defense attorneys cross -examination of Singh marked the 10th day of the SPF criminal trial taken place in New York where Bankman freed faces seven charges related to fraud at FTX and Alameda Singh testified October 16th that he had been experiencing suicidal thoughts amid FTX's financial troubles in November of 2022 expressing concern about the lack of transparency and Alameda using FTX customer funds for investments that's right prosecutors are expected to continue calling witnesses to testify on SPF's alleged actions and the events leading up to the downfall of FTX until October 26 or the 27th after which the time the defense team will present its theory of the case now to date former Alameda CEO Caroline Ellison Wang and yet adia also testified at the trial and have a few former FTX clients Bankman freed first criminal trial is expected to wrap up in November he will face an additional five counts if the second trial scheduled to begin in March 2024 has been pleaded not guilty of all charges so there you have it how do you think this will likely fare out for scam Bankman freed let me know your honest thoughts in the comments right down below and speaking about FTX the million dollar question when will the investors get their money back that was stolen from them let's discuss this nine billion dollar recovery plan which they say investors can start expecting to get their funds back in mid 2024 let's break this down the customers of the bankrupt crypto exchange FTX and FTX us could see over 90 % of the assets returned to them by the end of the second quarter of 2024 unfortunately it's after the halving you already know the Bitcoin price action is gonna be paramount to where it is today anyways after proposed settlement was reached between FTX creditors and debtors on October 17th the FTX debtors said they reached a major milestone in their chapter 11 case after extensive discussions with the unsecured creditors committee which is a committee of non United States customers and class -action plaintiffs regarding customer property disputes FTX debtors filed a notice of the proposed settlement with a Delaware based US bankruptcy court October 16th however they need to submit an official filing by December 16th seeking the court's approval now part of the amended plan consists of the shortfall claim in which FTX debtors estimate that customers of FTX and FTX us would collectively receive 90 % of the assets available for I will say though it's not 100 % 90 % is obviously far better than nothing the shortfall claim is estimated to be approximately 8 .9 billion dollars for FTX .com and 166 million dollars for FTX US and if approved by the bankruptcy court FTX expects these funds to be dispersed by the end of the second quarter next year now John J Ray the third the current CEO and chief restructuring officer of FTX was pleased with the terms of the settlement quitting him here together starting and the most challenging financial disaster I've ever seen the debtors and the creditors have created enormous value from a situation that easily could have been a near total loss for the customers now the amended plan involves FTX dividing the assets into three pools assets segregated for the benefit of FTX .com customers US customers and a general pool for other assets however only the first two groups are included in the shortfall claim now how many of you were impacted by the collapse of FTX let me know in the comments right down below hopefully if you were one of those impacted you will receive your funds back meanwhile observers noted that as a part of the proposed plan to see its customers who withdrew over 250 ,000 dollars from the exchange within nine days bankruptcy would have their claim reduced by 15 % of the amount however claims under a quarter million dollars wouldn't be subject to a reduction according to the FTX debtors explaining them here eligible customers that have a preference settlement amount of less than 250 ,000 during the nine -day period would be able to accept the settlement without any reduction of claim or payment ultimately saying if you removed more than 250 ,000 out of that account you're gonna receive 15 percent less however as part of the amended plan FTX may exclude from the settlement any insiders affiliates and customers who may have the knowledge of the commingling and misuse of customer deposits and corporate funds now former FTX CEO Bankman Fried is two weeks into his fraud trial on matters relating to his involvement and the FTX collapsed bankruptcy last November so there you have it fam it's wild and I think things are just heating up and I'll probably even get a little more crazy if I was a betting man now let's dive into a hundred and thirty thousand dollar Bitcoin price target shall we here we go Bitcoin is destined to hit a hundred and twenty eight thousand per coin or more by the end of 2025 according to multiple analytic models that's right uploading his latest Bitcoin price estimates on October 17th popular analyst crypto con deduced a two -year target of a roughly 130 ,000 so let's break this baby down the Bitcoin market participants are diverging over how the Bitcoin price behavior will respond to next year's block subsidy having but for crypto con the long -term roadmap is looking firmly bullish now we all know that having a schedule to take place sometime in April of next year roughly six months out now in an update for various models charting both the Bitcoin price cycles and their highs and lows the analysts reiterated that the area around 130 ,000 was fast becoming a magnet quitting him here I've been doing a lot a Bitcoin cycle top experiments lately and I keep seeing right around the same price a hundred and thirty thousand per BTC now this chart highlighted so -called early tops in each price cycle along with the actual cycle top constituting a new all -time high now the early tops on average occur three weeks on either side of July 9th crypto con explained the new all -time highs come three weeks on either side on November 28th already a popular phenomenon that Cointelegraph reported last month the timing for these events comes from plotting sick simple diagonal trend lines from the first early top quitting him here doing this has found the price of the last two cycle tops exactly and with our trend from the last cycle gives us a price of about a hundred and thirty eight thousand dollars per Bitcoin I am prepared for lower prices but the stars are aligning at a hundred and thirty thousand dollar Bitcoin for this cycle as outlined here in this chart let me know if you agree disagree with the crypto analyst personally I think that is extremely conservative I'm way more optimistic I'm anticipating a multiple six -figure Bitcoin price action for the peak and I also agree that the peak will likely occur for the king crypto sometime post 2024 most likely sometime in the year 2025 but let me know if you agree disagree below now per the model timing 2025 should be the year that the next cycle top occurs just under twice the current record set in 2021 and we all know the current all -time high is sixty nine thousand now let's discuss history favoring the Bears for you're having cycles from a guide for many well -known Bitcoin market commentators amongst them is crypto analyst rec capital who continues to stress that the pre halving year 2023 can bring about some new local lows before the bull market attains full force quoting him here from X Bitcoin the five phases of the Bitcoin having let's actually take you over here to X to quote it pre halving period number one if a deeper retrace is going to occur or likely be over the next 140 days or so in fact Bitcoin retrace 24 % in 2015 and 38 percent in 2019 at the same point in the cycle an example 200 days before the halving now a 30 % drop from the current prices would see Bitcoin revisit 20 ,000 and interestingly enough we do have a CME futures gap at that level now number two he points out pre halving rally then 60 days before the having a pre halving rally tends to occur in anticipation of the having investors by the hype and an effort to sell the news number three pre halving retrace a pre halving retrace tends to occur after the having event itself and in 2016 this pre halving retrace was 38 percent deep in 2020 the pre halving retrace was 20 percent deep this pre halving retrace makes investors question whether the halving was a bullish catalyst on the price after all number four reaccumulation the pre halving retrace is followed by multi month of reaccumulation many investors get shaken out in this stage due to boredom and patience and disappointment with lack of major results in their Bitcoin investment and an immediate aftermath of the halving and number five the parabolic uptrend let's go once Bitcoin breaks out from the reaccumulation area break out into the parabolic uptrend which you can see in this chart in the green it is during this phase Bitcoin experiences accelerated growth on its way to new all -time highs so there you have it fam that's coming directly from crypto analysts rec capital let me know if you agree or disagree with what he had to share yeah I mean good analysis to say the least now let's break down our next story of the day and discuss what's going on with the grayscale Bitcoin trust if you didn't know grayscale Bitcoin trust is the largest Bitcoin hodler of the world currently with over 600 ,000 Bitcoin and its control and they're trying to get their GBTC product converted into a spot ETF in the United States they're just awaiting the green light from the SEC they recently had a lawsuit against the SEC and the SEC took a big fat L which is a great sign that the grayscale Bitcoin trust may get the green light soon by the SEC to convert their product to a spot Bitcoin trust now the discount has been dwindling as well which is another bullish indicator so let's break this down before we break down the latest with Larry Fink and the BlackRock CEO what he had to share regarding the fake -out of the false rumor that a spot Bitcoin ETF got approved yesterday in which it did not but I'm be clearing up all these rumors for you directly from Larry Fink the CEO of BlackRock himself but first let's dive into the latest with GBTC and what's going on right here according to this report the long discounted price of the grayscale Bitcoin trust is catching up to the net asset value amid potentially positive judicial developments let's go GBTC is trading at October 13th compared to roughly 21 % at the beginning of the month more than 43 % in June and nearly 50 % at points in December and January according to why charts now discount to NAV is a metric that tracks the difference between the funds current value from its true value the shrinking discount materialized as new news broke in the recent days that the US SEC doesn't intend to appeal the Bitcoin or bid to convert their GBTC into a spot Bitcoin ETF last year the digital asset management giant sued the SEC immediately after the regulator rejected the firm's bid to turn their flagship product into an ETF good for grayscale the federal judge ruled in August that the SEC has to reconsider grayscale's app to avoid arbitrariness and inconsistency take that SEC Gary Gensler where you at dog citing a source familiar with the matter Reuters reported last week that the SEC has no plans to appeal the judges decision that's a good sign for all of us that's what's up that means it's likely going to get approved so in a statement provided the Fox Business Journalist Eleanor Terrett grayscale confirm that development quitting grayscale here the federal rules of the appeal procedures 45 -day period to seek rehearsing has now passed or a rehearing the court will now issue its final mandate within seven calendar days the grayscale team remains operationally ready to convert their GBTC to an ETF upon the SEC's approval and we look forward to sharing more information as soon as practical so there you have it do you think they could be amongst the first to get the green light from the SEC or do you think it'll be black rock as the Bitcoin game theory for the institutional investors continues in full effect by way a Bitcoin ETF and speaking of Bitcoin ETF now for the latest from Larry Fink responding immediately an hour after the news broke that a spot Bitcoin ETF got approved Larry Fink was on Fox News ultimately sharing his feedback and response to the false news and where they stand currently on Bitcoin as an investment and this is extremely positive news for the entire market hence why we're continuing to pump today I firmly do believe that so let's break this one down investment management firm black rock reacted to rumors about the approval of its spot Bitcoin ETF app by the US SEC which caused quite a stir amongst the crypto community on Monday crypto news outlets outlet Cointelegraph shared that the US Security and Exchange Commission had approved the long -anticipated application of a spot Bitcoin ETF but later retracted the report however the post sparked excitement within the crypto community causing the price to rise rapidly just like that Bitcoin surged almost $30 ,000 earlier in the day after the alleged post was made by Cointelegraph however the crypto's price fell almost immediately after the report was proven to be false by black rocks chief executive officer mr. Larry Fink and other prominent voices in the crypto community Eleanor Terrett was the first to report that this news was false after speaking with black rock and that the company's Bitcoin spot ETF is still under review by the US regulator the SEC now in the interview with Fox Business Fink who said he only learned about the news hours later due to him being extremely busy all day took a rather positive stance on the event and according to the CEO noting that Monday's event solely proved the worldwide need and desire for a Bitcoin spot ETF quitting him here I think the rally today is about a flight to quality with all the issues around the Israel War now global terrorism Fink said I think there are more people running into a flight to quality whether that is in Treasuries gold or crypto depending on how you think about it and I believe crypto will play that type of role as a flight to quality the SEC also confirmed that the alleged news report was false and that the app is still pending careful what you read on the internet the best source of information about the SEC is the SEC according to the post now so far Cointelegraph apologized what a post on X with the false report it posted which led to the dissemination of inaccurate information the crypto media outlet later posted the result of its internal investigation which showed a team member had posted the news without getting approval from its editorial team now crypto tracker coin glass revealed that short trading positions held by investors betting on lower prices were liquidated to the tune of a hundred and four million dollars within 24 hours do the false rumors and you can thank coin telegraph for that now here's Larry Fink on Fox News I took the time this morning before I went live to actually transcribe some of the highlights from this conversation which I want to share with you today so I'm gonna read it out loud here for you and then I'm actually gonna share a prediction as well from Max Kaiser the Bitcoin will hit a million dollars per coin because the more you attack it the stronger it gets and shout out to the high priest here we go BlackRock CEO Larry Fink responding live on Fox News here's what the media said we got a stock rally and we got a Bitcoin rally at the moment bitcoins higher 5 % and it is much higher you see that spike in the screen look at it here and then they go on and on and here's when Larry comes in can you address this rumor when you first heard it Larry Fink shared actually I was busy all day I probably heard it an hour ago then Charlie Gasparino wrote or said we should point out that my producer broke the story that it was not real but it's like wishful thinking isn't it Larry isn't it what this is all about Larry responds well I can't talk about the specifics of anything I think it's just an example of the pent -up interest in crypto and we are hearing from clients around the world about the need for crypto now we can clearly replace the word crypto with Bitcoin I just wanted to point out the obvious for him what are your thoughts on that I think some of this rally is way beyond the rumor I agree I think the rally today is about the flight to quality with all these issues around the Israel war now global terrorism I think there's more people running into a flight quality whatever that is in treasuries gold to crypto depending upon how you think about it and I believe crypto will play that role as a flight to quality Charlie asked let me ask you this where do you think the markets go if the real hot war starts the next couple of days Larry responds I don't know what the definition of a hot war is and then he said it's an invasion okay my view is if the invasion is held to the southern borders of Israel I think we're anticipating that already I don't think the markets going to be changing that much and it really depends on the oil market and how that plays out obviously the marketplace today is up 350 points as we speak right now the marketplace knows the potential reality so I think that's somewhat into the market I've been asked all the time now why is the market being so resilient with the new global terrorism and with what's going on in Israel and Ukraine and all the other issues and I think we're not spending enough time talking about some of the great things that are going on in the world today and that's when I think about technology and how that's going to be shaping and changing our world when you think about AI and robotics this is going to accelerate movement more towards nearshoring and onshoring we are going to be able to use this new technology so Charlie asks does that mean more jobs here in the u .s.
A highlight from The Ongoing Israel-Gaza Conflict: Americas Role
"When we say America first, what we mean is that we need America first. We need to worry about what's going on here. That doesn't mean that we're anti -immigration. That doesn't mean that we're racist or xenophobic. That's not what that means. It means we need to address American issues first. Welcome to another Financial Guys podcast. I'm Mike Hayflick along with my partner, Mike Speraza. So Mike, let's start with this. Israel is ready for ground troops to go into Gaza and thank goodness, Joe Biden is heading to Israel. I'm sure he'll be a real help. I'm sure he'll be able to change everything that's going on over there. I mean, all kidding aside, I don't know why America thinks that this is a good, I get the show of solidarity. I get that whole thing, but sending Joe Biden to do anything right now is a bad idea for America and it's a bad idea for whoever he's going to help. Um, I personally, Mike would have kept him way the hell out of there. That's just me. Yeah. And I, I mean, it's interesting. We don't need him as the president of the United States to physically be there. However, there have been times where we've said, why won't the president go down to the border? For instance, why won't Kamala go to the border? Why won't, why won't they actually go witness the things going on? So in a way, I mean, I don't have a problem with, with him going. I just wonder, and here'd be my question. Is it even going to be helpful? Is it going to make a difference? Because the weakness that he and our country have now displayed for several years now, right? Three years running soon as Donald Trump left office, we became a weaker, more vulnerable, uh, country under Joe Biden. There was just no question about that. I don't know how anyone can say anything differently about that. So is it even helpful at this point or is it too little too late? Here's my problem though, Mike, you brought up the border and let's talk about that for a second. So Joe Biden still heck actually has not been to the real border, Mike, right? Like, like, yeah, he went down there about 600 miles away. Like, why, why is it that that's important? Right? And again, I get it with Israel. I'm not suggesting it's not important to go to Israel. My point is, is that why is it important for all of our politicians to go everywhere else other than the problem areas of America? That bothers me. And I wanted to start there, Mike, because I've made that point on Twitter. I'm going to make it again. That is a problem for me that, that American leaders find it more beneficial to go to other places when America is truly breaking from within. Mm hmm. And the border is an example of that huge example or Philly or now getting worse. So the things happening overseas are actually making the border issue even more and more critical, right? We're seeing all sorts of what they call, what special alien type, uh, designations. These, these people coming was like in the single digits. Now it's into the triple digits of, of the special aliens that are really the ones that you don't want here. Yep. And they're, they're making their way here. I mean, to me, it's just laughable because we've been so weak. We've been such a waffler on, are we supporting them? Are we not supporting them? I mean, they, they haven't supported, this administration hasn't supported Israel, especially since Benjamin Netanyahu got back into office. And I mean, there's such mixed mixed signals that you end up just getting a whole mixed up a policy, right? It's all, it's all like, we don't want to appease any one group. So what happens? You're really not helping anyone. So that's, that's my problem with us. Michael, first of all, Hochul's going over there. She says now, like, like to me again, yeah, cause New York's in fine shape, right? Like can we, can we get priorities, right? Like Kathy, whether Kathy Hochul goes to Israel or not, nothing will change. So can we just let people like the president maybe go like that again, as much as I'm complaining about Joe going over there cause he has been to our border, I get the American president or Anthony Blinken or whoever to go over there. That's what their job is. Kathy, you're the governor of a failed state. What, what are you going to do over there besides take photos and put their flag in your Twitter bio? Really? What are you going to do? Tell us. She's adding it to her resume, right? She's going to say, look at me, look at me. I was, I was, I was actually involved in international matters as governor of New York. That's going to be really helpful. I'm sure there's going to be a lot accomplished with Kathy Hochul going on. Well, that's, that's exactly what's going to happen. Senator Cotton, he believes that since Americans were killed and there are still missing Americans that we should be considering boots on the ground.
Monitor Show 06:00 10-17-2023 06:00
"Support for this podcast and the following message come from Corrient. Corrient provides wealth management services centered around you. They focus on exceeding expectations, simplifying lives, and establishing legacies that last for generations. Leverage their exclusive network of experts to help achieve your personal and professional financial goals. As one of the largest integrated fee -only registered investment advisors in the US, Corrient has experienced teams who can craft custom solutions designed to help you reach your financial goals, no matter how complex. Real wealth requires real solutions. Connect to a wealth advisor today at Corrient .com. Casting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. From the Bloomberg Interactive Burgers Studios, this is Bloomberg Daybreak for Tuesday, October 17th. Coming up today, President Biden gets ready to travel to Israel to try to keep the war with Hamas from escalating. The House is set to vote on a new speaker today. Vladimir Putin arrives in Beijing to meet with China's Xi Jinping. And bank earnings continue with both Goldman Sachs and Bank of America reporting. Belgium police have tracked down the man accused of shooting soccer fans in the street. And New York Governor Kathy Hochul is heading to Israel. I'm Amy Morris. Those stories straight ahead. I'm John Stashow in sports. Baseball playoff wins for Texas and Philadelphia. Cowboys beat the Chargers. Rangers won the devil's loss. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York, Bloomberg 99 .1 Washington, D .C., Bloomberg 106 .1 Boston, Bloomberg 960 San Francisco, Sirius XM119 and around the world on BloombergRadio .com and via the Bloomberg Business Act. Good morning. I'm Nathan Hager. And I'm Karen Moskow, U .S. Stock Index Futures, with S &P futures down two tenths of a percent, about eight points down.
A highlight from An Immigrants Courage
"Welcome to Gospel in Life. This month we're looking at directional signposts through history that point us to Christ. All through the Old Testament from Genesis to Jonah, you see signs that point us to Jesus. Listen now to today's teaching from Tim Keller on Pointers to Christ. Turn to the passage in your bulletin, which is the climax of the book of Ruth. It's the last, virtually the very last verses of the short little book of Ruth. I'll read it. Ruth chapter 4 verses 13 to 17. So Boaz took Ruth, and she became his wife. Then he went to her, and the Lord enabled her to conceive, and she gave birth to a son. The woman said to Naomi, Praise be to the Lord, who this day has not left you without a kinsman redeemer. May he become famous throughout Israel. He will renew your life and sustain you in your old age, for your daughter -in -law, who loves you and who is better to you than seven sons, has given him birth. Then Naomi took the child, laid him in her lap, and cared for him. The women living there said, Naomi has a son, and they named him Obed. He was the father of Jesse, the father of David, and this is God's word. It takes tremendous courage to leave the land you've always lived in and to permanently move to another land, a whole other country, another nation, another culture. It's a death -defying feat. Kathy's, my wife's great -grandfather, sometime at the end of the 19th century, left his pregnant wife behind and went to western Pennsylvania, left Croatia, left Zagreb, or the vicinity of Zagreb, went to Croatia, and there went from Croatia to western Pennsylvania, worked in the mines, and for eight years didn't communicate with his family, couldn't, there's no way to do it. And so she waited and she raised her son, and one day all that came in the mail were tickets and the name of a railway station in western Pennsylvania. And so what did they do? They took essentially a bag, they left everything else behind but what they could carry, and the tickets, and the name of the railway station, and they went to the port and they got in the steerage and came over, came through Ellis Island, and in a series of places on boats and trains, they had pinned to the coat the place they were going. That's all they knew, they knew no language, they had nothing, they had no connections, they had no language, they had no resources, nothing. And when they showed up at the railway station in western Pennsylvania, believe it or not, even though there was no way to make any kind of communication, there was Kathy's great -grandfather waiting with a wagon. You know why? Because every day for three months, he had hitched his wagon up and come down to meet the daily train, because who knows, this might be the day his family came. And he was there, and they came, and they worked in the mines and so on. But now, that kind of story is multiplied many times over today, far more than before, and we live in a city of immigrants, and when you ask the question, why would you do that, why would you courageously risk everything, and the answer is almost always the expectation and the hope of a better life. People don't leave one country for another for a worse life, they expect a better life. And it takes courage, but that's their hope and that's their expectation. And of course, therefore, nothing more poignant in a place like New York and in a time like ours to look at this story, because this is the story of two immigrants, two immigrant women, Naomi and Ruth, who forged an amazing interracial sisterhood, and it's also a story of an interracial marriage, how urban, how contemporary. Naomi was the first immigrant, and you see, before the story starts, we see, we're told in just a few verses at the very beginning of the book, before the story actually starts, we're told what happened, and that is, Alimelech, who was Naomi's husband, moved with her and her two sons to Moab, because there was a famine in Israel, and the two sons' names were Malon and Killian, and there was tremendous tragedy at that point, why? We're not totally sure, but here's some hints. The names of Naomi's two sons, Malon and Killian, are Canaanite names, they're not Hebrew names, and they married two pagan Moabite women, Orpah and Ruth. And therefore, there's every indication that what Alimelech did was he turned away from God to seek safety, to seek, he was afraid of emptiness, he was afraid of poverty, he was afraid of death, and he turned away from God, at least the men of the family did, which is what often happens. And instead, they went to Moab, they went to a foreign land, they immigrated, and they found instead the very thing that they were trying to avoid. Alimelech, Malon, Killian, they all died. They found tremendous poverty and death. We're told that they had to sell their ancestral land back in Israel, and they still were reduced to poverty, and finally, Naomi is left all by herself, a poor and old widow, with two daughters -in -law, Orpah and Ruth, who if they come back to Israel with her, because Moab and Israel were bitterest enemies, it would mean that they would be hated, they'd be scorned why their very lives would be in danger. And so there's Naomi, and she is utterly without hope, she's utterly without economic hope because as you see, as we saw in the little text, old age, here's the problem, how will she survive economically, and there's only four possibilities. One is, you work in the fields, but she's too old to do that. Second is, you get married, but she's too old to do that. Why? You say, what do you mean too old? Well you see, you have to remember this, and we'll get back to this, this is a society in which family is everything. You didn't marry for companionship, you didn't marry for sex, you didn't marry for, you married for family, you married if this person was going to produce a family for you, we were going to have heirs, and we were going to have inheritance, we were going to have cheap labor, and we were going to have, we were going to have a family, because the name and the family, that was everything, family was everything in that culture, and there's plenty of places in the world today that that's still true. And so she couldn't be married, she was too old, she couldn't produce children. Third thing, so you can work, she can't work, she's too old, marry, she can't marry, she's too old. Third, your children support you, but her children are all dead, and her daughters -in -law you see, they're absolute outcasts, they're outsiders. And then last of all, the only other possibility would have been to rent your land, but she, but they had to sell their land, they were gone, they had no land, they had no name, she had no, she had nothing, and so she was not only economically without hope, but she was spiritually and emotionally without hope, because in that society, she was bereft of everything that can give you meaning, she had absolutely nothing, because she had no family, because she had no land, therefore she had no name, she had no significance. And therefore, she comes back, and yet, at the end of chapter 4, as we just read, there's joy why she's been redeemed. You see, in verse 14, the women, the friends around me get around and say that you have been renewed, verse 15, your life has been restored, you have been what? There's been a, there's a, there's a redeemer. But how did it happen? How is it possible that a woman with absolutely nothing, absolutely bitter, you know, when she comes back, and her friends see her, and she's totally changed, they didn't recognize her, even though she's only been away a few years, and she says, don't call me Naomi, which is a Hebrew word for pleasant, don't call me Naomi, she says, call me Mara, for I am now, I have a life of bitterness, I went away full, I've come back empty. But how is it possible? How is she redeemed? And if you look carefully, and I'm going to make you look carefully, there is an ambiguity in the text as to the identity of the redeemer. There's an ambiguity. And the ambiguity points us to the secret of the story, and the secret of our lives. There's three redeemers in this text. There's three redeemers in the story. There's a formal redeemer, there's a surprise hidden redeemer, and then there's a real redeemer. First of all, let's take a look at the three, and then you'll know the meaning of Ruth, and you'll know the meaning of the story, and I hope you'll also know the meaning of your own life. First of all, the formal redeemer, and the word redeemer here, the kinsman redeemer is the word goel, okay, the goel. Hebrew word, the first person who's clearly the formal redeemer is the man Boaz. He is the kinsman by blood, and he is therefore the kinsman redeemer. He's the formal redeemer. Now, how does that work, and why? Well, we have to do a little bit of background, so let's go at it. Ruth does come back with Naomi, Orpah does not, so they come back in complete poverty. And the first thing that Ruth does in order to try to support Naomi and herself is she decides to glean. Now according to Jewish law, according to Hebrew law, according to God's law, landowners could not harvest all the way to the edges. Now this is a whole other sermon, and I'm not getting into it, but there's always question and answer. They were not allowed to maximize profits. They were not allowed to harvest all the way to the edges, but around the edges they had some to leave grain so the poor could come and glean it. Now Ruth decided, I'll go glean, but what's very clear in the story is that for Ruth to go out and glean, that doesn't mean we'll find that there we have a solution, no, because Ruth was a Moabitess. All the way through the book she's called Ruth the Moabitess, the Moabitess, why? Because she was taking her very life in her hands to go out in public and do that. And she just happened, chapter 2 verse 3 says, she happened, you know, taking her life in her hands that first day, she went out and she went into the field of a man named Boaz. She didn't know who he was, she didn't know anything, but she happened to go. And in the field of Boaz, Boaz sees her, goes and learns who she is, and then says, which just goes to show the incredible danger she was in, he comes and he says, my daughter, don't go into any other field, gather yourself among my working women, I have told my working men not to touch you. Very interesting. What that tells us is a lot. First of all, Boaz knows that she could be hurt, she could be raped, she could be killed by his own men. He warns his men not to touch her. She's a Moabitess, she's marginal. The Moabites were the descendants of Sodom. They were seen as horrible, wicked people by the Israelites, and the Moabites, of course, oppressed the Israelites and so forth. And therefore, he knew that she could be really hurt. But not only that, he didn't even want her out gleaning on the edges because the poor that she would be out there with, they might abuse her, they might kill her. So he says, I'll tell you what, I want you to stay with my working women. And so you can glean, not glean, you can harvest. And then you can just take it home for yourself. And she's astounded by the graciousness of the heart of a man who would be open to a poor and racially marginalized woman. And that night she goes home to Naomi, and she doesn't have just a few gleanings, she has an incredible lap full of grain. And Naomi says, where did you get this? This isn't gleaning. And Ruth tells her the story. And Naomi says, oh my daughter, my daughter, do you know who Boaz is? He's one of our Goel's. He's a kinsman redeemer. Well, what's a kinsman redeemer? And the answer goes this way. In Jewish law, there was a formal, an extremely interesting law, which you can read sometime if you want to, in Leviticus 25. When Joshua and the people of Israel came into the land, all the land was divided up amongst families. And God knew that because of the vicissitudes of life and also the variations in ability, that some families would fall into poverty and lose their land. But God made two, very interesting, two provisions in the law that would make it easy for the families to get a second chance, to get the land back. One of the reasons was simply because he was trying, it was a gracious thing for the families. Another is that God didn't want his society to become characterized by incredible divergences of riches and poverty. And so what he said was, first of all, every 50 years, the Jubilee year, every 50 years, all the land goes back. If some people have gotten richer and some people have gotten poorer, some people have bought land, other people have lost land, but if every 50 years the land goes back, you get another chance. The family, in other words, the heirs of the descendants of the people who lost the land get the land and the family gets a chance back. But secondly, before the 50 years, well 50 years is a long time, the land can be bought back but only by a kinsman. The land can be redeemed out of debt. The land can be ransomed. The land can be bought, but it has to be by a member of the family that lost it. This is a way of keeping families together and it's a way of making sure the land stays back in that family. It was God's graciousness to families. And when Naomi realizes that Ruth has happened accidentally, so to speak, to actually find one of the relatives that she has left, she suddenly says, you realize what this might mean? However, the plot thickens, and here's the reason the plot thickens, because the redemption that Boaz would have to do in this case is enormous. First of all, he would have to buy the land. He could, but it would be an enormous debt. But number two, he could take the debt on. But number two, in this case, the family couldn't really be restored because there's no heirs, there's no descendants, there's nobody to pass the land onto. And for the family to really be restored, he would have to marry the last family member, which would be Naomi, and raise up children. Ah, but let's keep going. In this case, you know, and the law provided for that, it was called Leverett Marriage, that you could marry the widow and raise up children who had the name of the dead family. It wouldn't be your heirs, it would be the heirs of the people who were dead. And that would be enormously, who would do that? That's an enormous sacrifice. But then on top of that, you can't marry Naomi. She's old, she can't raise up a seed. He'd have to marry Ruth. He'd have to marry a Moabitess. And Deuteronomy 23 says, no Ammonite or Moabit or his descendants may ever enter the assembly of the Lord, even down to the tenth generation.
Monitor Show 23:00 10-13-2023 23:00
"Interactive brokers clients earn up to 4 .83 % on their uninvested instantly available USD cash balances rate subject to change visit ibkr .com slash interest rates to learn more Kramer 11 remember you can always get the latest legal news by subscribing to the Bloomberg Law podcast or downloading this show at Bloomberg .com slash podcast slash law I'm June Grosso and you're listening to Bloomberg broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Law enforcement across the US will be on alert after the ex Hamas chief called for a global day of jihad on Friday. New York Governor Kathy Hochul says security has been ramped up at every possible target including synagogues, yeshivas and museums. We have been embedded with NYPD offering NYPD all the assistance they need for the city but certainly Long Island and Albany and Buffalo. They're protected by local police, but the state police is sharing gathering and sharing intelligence. There have already been some pro Israel and pro Palestinian marchers clashing in some US cities since the war broke out between Israel and Hamas. Steve Scalise is withdrawing from the race to become the next speaker of the House. He announced at a conference meeting Thursday night he would be pulling out of the race following a day full of meetings with fellow Republicans. It appeared unlikely he would get the 217 members of his own party to vote for him on the floor as a small number of conservatives appeared to block his path. New Jersey Senator Bob Menendez faces new federal charges connected to the bribery case against him. Scott Pringle reports. Well, the superseding indictment just filed accuses Menendez of acting as a foreign agent.
A highlight from 1425: Bitcoin ETF Will Send BTC to $1,500,000 - Cathie Wood
"Say goodbye to your credit card rewards. Big -box retailers led by Walmart and Target are pushing for a bill in Congress to take away your hard -earned cash back and travel points to line their pockets. Senate Bill 1838 would enact harmful credit card routing mandates that would end credit card rewards as we know it. If you love your credit card rewards, visit HandsOffMyRewards .com and tell them to oppose credit card routing legislation paid for by the Electronic Payments Coalition. And here's your prescription. I know just the pharmacy to get this filled. Who are you? A pharmacy benefit manager. A middleman your insurer uses to decide which medicines you can get, what you pay, and sometimes even which pharmacy you should go to. Why can't I go to a pharmacy in my neighborhood? Because I make more money when you go to a pharmacy I own. No one should stand between you and your medicine. Visit PHRMA .org slash middleman to learn more. Paid for by pharma. In today's show I'll be breaking down the latest technical analysis as Bitcoin circles around $28 ,000. I'm also going to be sharing with you a $41 ,000 intermediate target for the king crypto and quoting Max Keiser, war mongers can't confiscate your Bitcoin and buy guns and kill people with it preach. He also says that no nation once adopting Bitcoin as a legal tender has ever gone to war. If you want peace, go Bitcoin. Fiat money always leads to war and violence, capiche, unconfiscatable Bitcoin monetizes peace and love. Also in today's show pro XRP lawyer John Deaton slams Sam Bankman -Fried sympathizers. We'll also be discussing Bitcoin about to head north as several indicators are lining up for the king crypto according to top crypto analysts. I'm also going to be sharing with you Max Keiser's $220 ,000 short -term Bitcoin price prediction. I'm also going to be sharing Arthur Hayes. He says that AI, artificial intelligence and historic money printing will create the most epic bull market for crypto. In fact he's predicting a $750 ,000 to $1 million Bitcoin price by the year 2026. I'm also going to be sharing with you Kathy Wood of ARK Invest. She says the odds are she also says she is confident in the Bitcoin price reaching $1 .5 million per BTC. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo what's good crypto fam. This is first and foremost a video show so if you want the full premium experience with video visit my youtube channel at Cryptonewsalerts .net. Again that's Cryptonewsalerts .net. Welcome everyone happy Sunday today is October 8 2023. I'm your host JV and this is podcast episode number 1425. We have lots to discuss so without further ado let's dive into today's Bitcoin market watch. As you can see here on coin 360 many of the top cryptos are correcting and in the red including Bitcoin hovering just under 28 ,000 along with BNB XRP and Cardano while Ethereum and Solana are breaking out but barely in the green and checking out coinmarketcap .com the current crypto market cap sits at 1 .09 trillion dollars with roughly 17 and a half billion in volume at the past 24 hours Bitcoin dominance still on the climb on the cusp of hitting 50 % we're literally at 49 .9 % according to coin market cap with the ether dominance which has been on the decline at 18 percent even how high do you think this Bitcoin dominance is likely to climb against the altcoin market for this cycle please let me know in the chat and at the end of the show I'll read everyone's comments out loud and checking out the top 100 crypto gainers at the past 24 hours we got basic attention token leading the pack of 5 % trading above 18 cents followed by Lido Dow up 3 % trading at a dollar 61 followed by Clayton up 3 % trading just north of 12 cents and checking out the top 100 crypto gainers for the past week you can see we got to see a green but also a mixture of bloodshed we got Lido Dow and clay look like to be the top gainers for the week and checking out the crypto greed and fear index we're dead in the middle with a 50 which is neutral yesterday was a 49 last week a 48 and last month a 46 in fear so there you have it fam how many of you are bullish for the king crypto now that we're in October let me know in the comments below and now let's dive into our Bitcoin technical analysis as we do each and each and every day here on the channel let's break this baby down Bitcoin kept up renewed pressure on $28 ,000 into the October 8th weekly close as geopolitical uncertainty entered the traders radar here you're looking at the Bitcoin one -hour candle chart data from Cointelegraph and trading view showed Bitcoin price performance avoiding a downside of volatility over the weekend we had Bitcoin slash USD recovering from a snap retest of 27 ,000 a couple of days ago on October 6 thanks to the surprise United States employment data which diverged policy tweaks by the Federal Reserve now the 28 ,000 resistance formed the main point of interest for market participants going into the new week and in the lower timeframes analysis of exchange order books popular trader skew said the major bidding power was still required in order to flip $28 ,000 into support quitting the analysts here so on the long timeframes we can see clearly the market is still trading 28 ,000 as resistance going to require a big spot buyer to crack that area in my opinion perps are shorting every low timeframe bounce into 28 ,000 as well say goodbye to your credit card rewards big -box retailers led by Walmart and your hard -earned cash back and travel points to line their pockets Senate Bill 1838 would enact harmful credit card routing mandates that would end credit card rewards as we know it if you love your credit card rewards visit hands off my rewards calm and tell them to oppose credit card routing legislation paid for by the electronic payments coalition and fellow trader Dan crypto trades caution the ongoing short Bitcoin should a sudden breakout occur as this might form the start of further upside quitting him here I will say that what Bitcoin sitting around this big 28 ,000 level which has the daily weekly 200 moving average sitting there I am personally not very keen on shorting any deviations above in the past we have often seen a weekend breakout at these kind of spots which tends to not retrace as easily as they otherwise would and we also have an accompanying chart showing around the CME price is best practiced during a ranging and choppy environment we are still in such an environment but that would likely change upon a strong break above this region hence me not being too eager to short immediately in case we'd see a weekend pump I also think you got to be crazy to be shorting Bitcoin at a time like this but that's just me now in the wake of new events in Israel others meanwhile flagged geopolitical instability as a potential Bitcoin price catalyst to come quoting crypto analyst me Cal van de pop now market perspective is going to be a volatile week my idea is that Bitcoin continues the upward grind and potentially reaches $30 ,000 as worldwide uncertainty grows and I am sure you have all seen the devastation of what's happening between Israel and Palestine right now van de pop previously forecasted a trip beyond the 30 ,000 mark in October traditionally Bitcoin strongest calendar month hence why we call it up tober yeah I mean and check out this analysis from Titan a crypto he says Bitcoin 41 ,000 intermediate target in play a bull flag is forming on the two -weekly chart if it were to play out it would catapult the Bitcoin price the $41 ,000 imagine the smell in an environment of gloom and doom announcements well we got to consider Bitcoin is on its own vector anything is possible the current high for this cycle I should say for this year thus far is just south of $32 ,000 I feel once we can recapture that we can head on up to 40 ,000 above and beyond now let's break down some information max Kaiser shared over on X which I'll read out loud here he wrote warmongers can't confiscate your Bitcoin and buy guns and kill people with it that's a fact max also says that no nation once adopting Bitcoin as the legal tender referring to El Salvador has ever gone to war if you want peace go Bitcoin Fiat money always leads to war and violence capisce on confiscate a bull Bitcoin monetizes peace and love facts so shut out to the high priest the Bitcoin max Kaiser so there you have it fam let me know how many of you are currently bullish on that King crypto and now let's break down our next story of the day and that's XRP pro attorney John SPF Deaton slamming sympathizers which is quite interesting as you know the ongoing lawsuit continues and trial in court with SPF attorney and crypto advocate John Deaton criticizes supporters of former C FTX CEO Bankman freed during his ongoing trial related to the crypto collapse FTX in a post Eaton says that those characterizing SPF as a well -intentioned individual who made errors are unfit to manage people's finances facts he suggested that such sympathizers should not be considered for interviews with prominent television shows like CBS's 60 minutes a divide has emerged within the crypto community with some deeply concerned about SPF's alleged investor fraud charges while others attempt to portray him positively in the media very interesting the same media that once called Bankman freed the Michael Jordan of crypto even after FTX is bankruptcy filing SPF continued to participate in interviews and was often depicted as a crypto hero sparking backlash from the web3 community here's the actual tweet from Deaton people who believe SPF fraud is a good guy who made mistakes and FTX grew too fast and it got away from him should never be in charge of other people's money and certainly should never be interviewed by 60 minutes or any other news outlets and yes his parents are 100 % complicit let me know if you agree or disagree with that statement by Deaton I agree 100 % I think his parents knows what's good FTX had successfully recovered over seven billion dollars worth of assets however there is a growing call for SPF his sentences to act as a deterrent for other industry innovators Deaton is also resolute and holding Joseph Bankman and Barbara freed SPF's parents accountable despite FTX's present leadership pursuing a legal case against them no regulatory agency has initiated legal action against SPF's parents I wonder why maybe they're all interconnected Deaton believes that Bankman and freed share full responsibility for their son's alleged crimes a view shared by others in the industry that's why I want to know your thoughts fam let me know in that chat and according to Bloomberg Stanford University decided to return the entirety of donations received by FTX amounting to roughly five point five million dollars and here's your you a pharmacy benefit manager a middleman your insurer uses to decide which medicines you can get what you pay and sometimes even which pharmacy you should go to why can't I go to a pharmacy in my neighborhood because I make more money when you go to a pharmacy I own no one should stand between you and your medicine visit ph RMA org slash middleman to learn more paid for by pharma and I read yesterday that Stephen Curry considered the greatest basketball player of our generation definitely the greatest shooter of all time he was paid he disclosed 35 million dollars from FTX to be an ambassador and in return all he had to do was put in 20 hours worth of promotion over the course of so many years so you can see they were handing out money hand over fist because they can print unlimited amounts of their scam token FTT so it's a damn tragedy we'll see how this plays out a big week ahead in the courts as Caroline Ellison is gonna be testifying against Bankman Freed and we know they also dated I think she is going to throw SPF under the bus because SPF already threw her and Gary Wang under the bus and just the other day Gary Wang also testified against Bankman Freed said he knew damn well what he was doing so there you have it fam how do you think it'll play out for SPF let me know in the comments right down below now let's discuss some more bullish technicals for the king crypto and why a bull run is amongst you know I mean the corner we're about the climb and go parabolic while he followed crypto analysts as the number of high time frame indicators are currently suggesting the bitcoins bear market is over in an expansion upward is imminent send it and let's go I also agree that we likely when we hit that bottom of fifteen thousand seven hundred in the fourth quarter of last year I felt like the bull market started and commenced since then and this year already we're up pretty substantially still up like I don't know something like 60 % or something like that so let's see if we continue to climb higher fam anyways anonymous analyst tech dev tells his followers that Bitcoin is in the same situation now which it was before the 2016 and 2020 bull market kicked off and how many of you were around for the 2016 and 2020 bull markets let me know fam tech dev shares a chart with the monthly candles Bollinger bands and an additional indicator showing the logarithmic width between the bands relative to the 200 months moving average the chart which you can see here in your screen appears to suggest the bitcoins Bollinger bands which measures the relative volatility compressed enough to foreshadow a likely breakout to the upside send it let's go quitting the analysts here what Bitcoin has looked like before heading north can you say deja vu you see those three yellow arrows on your screen you already know the closely followed analyst says that both Bitcoin and the altcoin market are simultaneously jockeying for breakouts he compares Bitcoin with others a chart that measures a market cap of all the crypto assets except for Bitcoin and aetherium and according to the trader Bitcoin established support at the beginning of the long -term bullish impulse while others have broken a downward resistance as outlined in these charts Bitcoin and alts are lining up let's go now earlier in the year tech dev said the Bitcoin had checked the three prong signal which proceeded each of bitcoins for all -time high runs so there you have it fam how many of you are anticipating a new all -time high for the king crypto let me know and how hot do you think we're likely to climb for this cycle peak next up we're gonna be discussing a prediction from the one and only high priest of Bitcoin and that's Max Kaiser projecting his short -term target for Bitcoin of 220 thousand dollars per coin let's break this down and again shut out to the one and only high priest max is a Bitcoin enthusiast and crypto advisor to the president of El Salvador Najee Bokele and recently made the bold prediction of where the Bitcoin price could be heading joining other experts and making some eye -popping guesses in the tweet made on X Kaiser confidently stated he thinks bitcoins price will go up a lot reaching an impressive two hundred and twenty thousand dollars per Bitcoin meanwhile his statement came after reading a CNBC article about the current financial market which is facing some challenges due to worries about the economy and rising prices however he didn't say exactly when this target will happen but eventually Kaiser has had been a big supporter of Bitcoin for quite some time in 2011 he called it the currency of the resistance and one of the biggest stories of the decade so he's ultimately been telling you to buy Bitcoin back since when it was like a dollar insane right how many millionaires are responsible for being created due to Max and Stacy in the Kaiser report let me know fam if you're one of them his recent prediction seems to be based on the idea that the central banks worldwide will print lots of money not surprising right leading to a massive increase in the supply of money that's where Bitcoin comes in it's seen as a way to protect your money from losing value when the prices go up that's right Bitcoin is the ultimate hedge against inflation so apparently not everyone agrees with Max's rosy outlook when it comes to the Bitcoin price action and inflation Nicholas Merton who I would consider a Bitcoin permeable and other experts so -called experts on crypto think the rise in prices could actually be a problem for BTC he suggests that people who control the money might need to do something about it like raising the interest rates which could make it harder for the Bitcoin price to go up we also have Bloomberg analyst Mike McGlone who has shared some concerns he says that if interest rates go up the Bitcoin price might go down and one last thing to keep in mind Bitcoin isn't all by itself it's connected to other things happening in the financial world and when big things happen in regular money or stocks it can affect Bitcoin too so even a Bitcoin is digital and fancy it's still a part of the bigger picture but if you actually do the math what's the alternative where can you park cash right now and not lose 20 % of its value due to inflation or hyper inflation the alternative is gold but gold is a terrible alternative because the gold prices are also manipulated hence why JP Morgan Chase got caught spoofing the precious metal markets and had to pay north of a nine hundred million dollar fine they literally got caught with their hands in the cookie jar so you can't make this stuff up when do you feel that Max Kaiser's 220 ,000 Bitcoin price prediction is likely to come a reality let me know in the comments right down below now let's discuss a 750 to 1 million dollar price prediction and the latest from the bit max co -founder Arthur Hayes and then we'll dive into the latest from Kathy wood of ARK Invest and her one and a half million dollar price target and then we'll wrap up the show with our live Q &A as we do each and every day so here's the latest from Arthur Hayes he says that two key catalysts will spark an epic bull market for the digital asset industry how many of you are ready for this bull run fam make some noise in a new interview with crypto banter Hayes says that the commercialization of artificial intelligence better known as AI and historic money printing by the Federal Reserve better known as money printer go will lead to a massive bull run for the crypto assets quoting Arthur here so I had this thesis I presented at token called 2049 double happiness and it was all about the bull market we are about to experience that we're on the cusp of and it's a combination of the most amount of money ever printed in human history in a two to three year period and the commercialization of AI and how that relates to crypto as the most transformative technological development that has ever happened in human history these two things combined are going to produce the most epic bull market in crypto and just about everything else that's sort of a risky asset around the world and according to Arthur Hayes the economic powerhouses such as the US Europe and China are going to be issuing ridiculous amounts of debt which will work in the favor of digital assets quoting him again I did the research and to how much debt is actually going to be issued by the US China Europe and Japan and it surprised me to the upside it's just so ridiculous how much money is going to be printed over the next two to three years while the central banks try to save the government bond markets that I guess I am just so bullish on Bitcoin certain crypto stocks and so bearish on fiat just because there's going to be an umpteenth more trillions of dollars of it so there you have it fam let me know if you agree or disagree with Arthur Hayes and to watch this video he recently did in this interview check the show notes below the video in the description now let's dive a step deeper as he recently made a very bold prediction as well that the Bitcoin price is likely to soar up to as much as a million dollars within the next three years by the year 2026 that's right in a recent interview Arthur Hayes boldly projected the mind -boggling price range of a 750 to 1 million dollar Bitcoin price by the year 2026 known for his unapologetic and often controversial statements Hayes says once again he caught the attention of the crypto community and when asked about his rationale behind such a staggering forecast he confidently stated the following I think it'll be the biggest boom in financial markets we have ever seen in human history very bold words such a statement may sound hyperbolic to some but considering the meteoric rise Bitcoin over the past decade it is not entirely implausible fact from the bottom 14 years ago to the top of 69 ,000 Bitcoin already appreciated 69 million percent so let's not forget that Hayes pointed out the bitcoins limited supply cap to 21 million coins combined with increase in global demand will inevitably drive his price to unprecedented heights he emphasized that as more institutional investors and corporations enter the space the scarcity of Bitcoin will become even more pronounced leading to a surge and its valuation basic stock to flow supply demand and can you say supply shock incoming there's currently less than 2 million Bitcoin sitting on the exchanges and next year we have two major catalysts which we know are incoming Bitcoin having scheduled to take place in April of 2024 and also the approval of a spot Bitcoin ETF so let's freaking go and our next story that day with Kathy wood we're gonna be diving a little deeper into what that looks like and what it equates to for the price action now while some septics argue the bitcoins skeptics argue the bitcoins volatility and regulatory uncertainties could hinder the growth Hayes remains unfazed he believes that the crypto ecosystem matures and regulatory clarity improves Bitcoin will become a staple investment for retail and institutional investors and as the Bitcoin industry continues to evolve and gain mainstream recognition many experts and analysts have offered their projections for the future price of the crypto while authors projection of 750 thousand to 1 million dollars per Bitcoin by the time of 2026 has garnered attention it is essential to consider other general trends and projections in the industry one common trend that experts highlight is the increasing institutional adoption of Bitcoin over the past years major institutions like PayPal square and Tesla have embraced Bitcoin as the legitimate asset class this institutional interest has put as seen a significant driver for the Bitcoin price growth bringing in more liquidity and credibility to the market and of course we now have a dozen applications for major institutions for a spot Bitcoin ETF and another factor that experts consider on the ongoing narrative a Bitcoin is a store value against a hedge for inflation as governments worldwide continue to print fiat currencies at unprecedented rates many individuals and institutions see Bitcoin as a way to protect their wealth from the potential devaluation as Michael Saylor once called it the melting ice cube keeping your hard -earned cash in the bank is no different than watching a melting ice cube melt preach however it's important to note that projecting the Bitcoin price accurately is challenging due to various factors including market volatility regulatory developments technological advancements and macroeconomic conditions which all shape the crypto's future price trajectory therefore it is crucial to cautiously approach any price predictions and projections and consider multiple perspectives when making an investment decision so there you have it now let's break down our featured story of the day and the latest from Kathy wood of arc invest projecting the Bitcoin price is likely to hit one and break this baby down shall we welcome those just joining us and tuning in make sure to say hello in the live chat and at the end of the show I'll read everyone's comments out loud so as you can see here on your screen this is the one and only Kathy wood early Bitcoin adopter and very savvy investor and now u .s. base arc invest last month announced its entry into Europe and said the odds are going up that the Securities and Exchange Commission better known as the SEC will approve her firm's application for the spot Bitcoin ETF let's go now arc invest which last month announced it had acquired the UK base rise ETF to assist with its push into Europe filed an application with the US regulators in April to launch a spot Bitcoin ETF with Switzerland base 21 shares the SEC has yet to approve a string of spot Bitcoin ETF apps that it had received from asset managers including the likes of BlackRock the world's largest invest go fidelity and Vanek we're talking about behemoths last month the SEC delayed its decision on our spot Bitcoin ETF and now has until January 10th of next year to make up its mind quoting her here we're partnering with 21 shares in the United States hoping to launch a Bitcoin ETF and if it's ever approved by the SEC we think the odds are going to go up and that it will be approved wood said during a media a media call three days ago on October 5th the acquisition of rise which manages 450 million dollars across 11 European ETFs gives arc invest directly entry into the European market and a platform from which to launch and distribute products globally the deal which was brokered in just a few months also raised the prospect of arc launching crypto focused products over in Europe UK let's go in the US meanwhile Woods flagship 8 billion dollar arc innovation ETF includes coinbase and block amongst its top 10 holdings what is also one of the biggest Bitcoin champions let's go champs she has previously predicted the Bitcoin price can top 1 million dollars by 2030 and it's currently trading as we know just shy of 28 ,000 there are already several crypto exchange traded products on offering the European investors with firms such as wisdom tree fidelity invest going global X among some of the providers that offer them would say that any crypto focused products would probably see arc invest relying on their expertise a 21 shares rather than trying to create products from scratch however would said she did not anticipate any problems including indirect crypto plays within any product arc invest Europe might roll out in Europe quitting her here my senses there won't be any issue but we are still working through this with our partners who are speaking with the regulators now Stuart Forbes the co -founder of rise ETF said the firm was looking at arcs existing fun lineup into the u .s.
A highlight from Consequences of McCarthys Deal with Democrats
"The real danger of Obamacare is not the cost. That's not going to be the issue. It's going to be the destruction of health care because bureaucrats will make the decisions that the doctors should be making with their patients. And what happened? The bureaucrats in Albany, Dr. Fauci in Washington, the bureaucrats in government made decisions that were completely wrong that the doctors, for fear of losing their licenses under threat of termination, were forced to follow. Welcome back. Mike Lomas, Comical Financial Guys, a place where money meets politics. We still talk radio even though it's a podcast, but thanks for tuning in. And this, by the way, brought to you by our home and auto division. Give us 14 minutes, let us shop over 25 companies to save you money. And it is Medicare season. I can tell you that the Buffalo office is ramping up crazy. So if you need help turning 65, 65 plus need help with your Medicare, make sure you call us. But we, you know, throughout the week we send each other a ton of stuff. Glenn, the violence, let's start with the violence because the crime in, in these left wing hubs is to me just getting out of control. You know, one of the things Mike asked me this morning on the morning Mike's was, you know, do you think the liberals will, will get this now? Because this week alone, there's been multiple left wing nut job. You know, folks that have been stabbed. This is the New York City fatal New York City stabbing of a social justice activist, right? So, you know, this, this nut job didn't know that this guy was left wing, right wing. He just stabbed them, right? The guy was mentally ill, just stabbed them. I think it was Philadelphia. Was he just a criminal? Well, right. Well, right. Well, I think to be a criminal, you got to be mentally ill, but yeah, there are some people that are like legitimately like they're on the streets. They should be in an institution, but they're mentally ill. There's other people that are just like, Hey, I'm from Venezuela. I'm from El Salvador. I'm just going to get, I'm just going to get your crap. Although I don't think this guy stole anything. Right. He just stabbed them. Like, so yeah, I don't know what he just did. Yeah. Yeah. But, but, um, so go, sorry, go. I didn't say it was, I was saying to, uh, Marcy this morning, I'm like, you know, the sad thing is we used to say, you know, I know a lot of Venezuelans, you know, dying down here in Florida is a lot of Venezuelans, a lot of Cubans, good people, right? Yeah. Here's the difference. The, the, the, the next generation though, but you see, like I saw a video, I can find the video. I think you saw the video, right? Um, guys, 17, 18 years old. He's like, I'm from, I'm from, you know, Venezuela. I'm going to New York city. He's got gang tattoos, tattoos all over his face. You saw that, right? So 17 years old, you have to remember this kid has never experienced the benefits of the positives when Venezuela was a free country. Like he doesn't, like you talked to a 45 year old or a 50 year old Venezuelan. They're like, Oh my God, we lost our country. They lost their country when they were 20 or 30. He's fighting to survive the whole time. Yeah. Yeah. He knows breaking into a zoo to try to get the, that's right. That's what he knows. Right. That's the life he knows. So now you're taking that kid. Now you're putting him in New York city. What life does he know? What, what marketable skills does he have outside of eating out of a dumpster? Well, let me be fair. When you're, when your entire face is a tattoo, you've got very few things that you can do. Very few, very few. I'm not saying there's not things that you can't do because I'm sure there's all kinds of labor, but you're, you're basically wiping yourself out from half the workforce at that point. So here's your choice as an 18 year old El Salvadorian or Venezuelan, right? You can work in a construction job, make good money, 80, 90, $100 ,000 a year, pay 20 ,000 or more of that to the federal government. So you end up with half by time you're done. Or you can get involved in one of these new, uh, uh, organized gangs that are popping up in these major cities where they're targeting luxury homes and breaking in. They're also targeting luxury yachts and they're stealing hundreds of thousands of dollars that they fence on the black market and you can make the same $100 ,000 except there's no taxes. There's no, there's no filing of anything and you're seeing these things. You're seeing these criminal gangs organized criminal crime syndicates that are actually now moved here and are setting up in major cities across the country. Yeah. They, they actually set up the online campaigns, right? So you can see it all, you know, they'll show you how it all plays out, right? They'll loot five stores. Uh, you were, you were saying something about the yachts and the big homes. Here's what's happening folks. This is what happens, right? Now, the other, the, it's funny, I sent you this morning, Starbucks closing seven downtown San Francisco stores. So we already know that Walmart's closing in, in all those places. Target's closing and all these places, the San, the, the, uh, the Starbucks are closing, so they have nothing left to rob. Now in some of these they've got it out, they've basically got it out. San Francisco, right? So where are you going to move? The Starbucks to where the money is. The Starbucks went from sensitivity training. Remember five years ago, they had a, they had a, they had a black guy loitering in the place, harassing customers that they called the police on. It ended up being a major, it was racism. They shut down all the stores across the country. Remember? And then they, then they opened up a policy of anybody can use their bathroom, even homeless people policy. Then they had to walk that back. And now they're all close. Now they're all close. Now they're just throwing them in the towel. His question this morning, Mike was, will they ever get it? And I said, Mike, I said, I know I've used this analogy a million times, but I think it's so, so very true. If you look at the school systems that they've run and they've gone from 80, 90, a hundred percent graduation rates to 90 to 80 to 70 to 60, you would think at some point along the way that they would have been smart enough to figure it out. Now they're at 40%. And, and literally a hamster could graduate, right? I mean, if the hamster shows up in the classroom, that's a 40%, you move on. Right. So to answer the question, I don't think they're going to figure this out. I think the only way it happens truly is you have a structured bankruptcy and the social programs go away and you're going to have massive, I mean, really, truly, you're going to have hubs that are, that are Iraqi, you know, war zones and yeah, I mean, it's going to get worse. By the way, those war zones are going to get worse and worse and worse. The drug will get worse. And, and the, and the communities outside of that, if you've got a structured bankruptcy and they're not paying for the social garbage anymore and the free welfare, they'll be able to have the good police officers. They'll be able to have the good walls, right? The property values will be expensive, but the Democrats want those same crime, places, you know, subsidize housing. They want them in your neighborhood. They want them in Lancaster. They want them in Alma. That's what they want. To that point this week, they, they are now issuing vouchers. So you can, and those vouchers by the way, are not meant to say you stay right where you are in this inner city. That's already a piece of shit. You take this voucher and you give it to the landlord out in the suburbs and we'll pay your rent. Right. And now it puts a landlord in a tough position. Okay. Well, I can get guaranteed rent with these vouchers. Right. What if you don't take it? What if you don't take it? You're going to get accused of discrimination. You're going to get, you're going to get investigated by our very fair and honest attorney general in New York state. Of course not. That's right. You think about this though, Mike. So in Minnesota, we had the council woman, remember that, that was, he advocated for no police. Remember? And then she was carjacked in her driveway and violently assaulted. And she's on camera after with, you know, bloody head going, I can't believe this happened to me. You advocated for no police. Right. They're the first ones, by the way, trying to get their phone for 911. That's right. First ones, New York City officers, New York City, left wing advocate, right? Activist, uh, stabbed to death, right? Activist, left wing act to no police, no bail, bail with doing all the things at the left. When I said left wing activists, these activists, let's talk about what they support. They support no bail because that's not fair. Right. They think that criminals are, are, are, you know, mistreated. So they want them back out in the streets. Right. They want less police because police are the problem. Right. I mean, you know, I don't, do they get it? No. And then just yesterday or two days ago, you had a Democrat, a politician, carjacked at gunpoint in DC. That's right. It's insanity. In DC. In DC. You cannot, you're not safe in DC. Right. Where the, where the white house is. The Capitol. Right. Right. The Capitol. It's a crap hole. You know why? Because it was run by people like Mariel Bowser for years. Right. It was run by corrupt left wing politicians. Right. And to ask if they're totally getting rid of cashless bail in states like this, they're doubling down. There's been no conversation about that. He's not talked about that. Kathy Hochul. I mean, honest to God, talk about a narcissistic moron. I mean, she's saying, get this kid rescued. Thank God. Thank God. Hats off to the, to the state troopers and the police to put this together a great job and returning this child. Kathy Hochul, all the press stuff she does. There's not one picture of the family. It's all about her. Everything. Prescott. I promised a family. I'd get them back. Really? How could you possibly do that? Which is totally untrue, but she made this whole episode. Instead of praising the police and the good job that she made this whole thing about her. How great she was. Unbelievable. She is truly stupid. I think the guy had a rap sheet too. I think he was the guy, by the way, the guy that got stabbed in New York city, I bet Mike, he's like a red stripe. I said, we're both down in Florida. You know, that way we both win. This guy, when they find this guy and they'll find him, he'll have a rap sheet as well. He will have been out on jail multiple times. He probably has already stabbed somebody. This is probably isn't his first stabbing. Why, by the way, why, by the way, we're not outraged and getting rid of knives is beyond me. You can't defend yourself. I don't know. Where did that stabbing happen? That was Philadelphia, I believe. Was that New York city? Oh, stabbing was in Brooklyn. That's right. Something else happened in New York city. Oh, a lady got hurt with, uh, uh, uh, you know, hoodlums on motorcycles. A woman with two children got her back window smashed. And when they jumped out of her car, got out to confront the guy, he pulls a gun. She doesn't stop, backs him down and protects her kids. The problem though is, if you are living in one of these left -wing cities, you have to get out. You have to get out. This guy, let's say if he wanted to defend himself for two nights ago and took out a gun. Yeah. Yeah. Maybe now, maybe not because he's been a left -wing Democrat and he's a registered Democrat. So I'm sure, I'm sure that would go a long way. Was he gay? Yeah. Was he trans with the, what card did he hold? I don't know. He's got to have something because I think that, I think the perpetrator was black. Was he not? It's not, yes. You're saying it's not just good enough to be a Democrat anymore. You got to take it one level higher. You gotta have something. You gotta be something else. You gotta be an acrobat, you know, lesbian, you know, underwater free diver. I don't know. It's just, it's just so this preposterous. It really, stuff that they come up with. Another three here in Western New York, and three Colombian nationals this week charged with burglizing Amherst residents. See, this is the problem though. You know, you have to question this morning with Mike Hayflick. Coming to the suburb, a suburb near you. It's coming to a suburb near you. You're going to watch very quickly these left -wing folks that have voted Democrat, although I'm not sure that a little brains are going to get it, but you're going to find very quickly how we're going to go from an all loving open -armed community to whoa, whoa. And even Kathy Hochul's like, don't come, don't come here. We're full. We're full. Open arms, a statue of Liberty, something along, welcome everybody, blah, blah, blah. As Joe would say, you know, which wasn't the truth, by the way, Ellis Island, you had to go through, you know, I've been reading up and really started learning about a lot of the history of our immigration policy. Agree to learn English, sponsored by family. You had to go through, you know, testing to make sure you weren't sick. If you were sick, if you came, if you got off the boat and you exhibited open sickness, you got back on the boat and you were shipped back or, or you were quarantined. Interestingly enough, throughout the turn of the century, we had very strict quotas of countries that we allowed people to come in from. We had countries that were literally blacklisted. We were not allowing certain countries like African countries to emigrate, immigrate, I should say United States progressives, by the way, liberal progressives at the turn of the 19th century were the ones that put those policies in place. So again, you know, it's amazing how, when you look at actual and understand actual history and you see how things really flipped, you know, it's really two things, by the way, that, that changed this in a big way, right? Number one was these feet. People did not come in here and get massive amounts of welfare, right? They went right to work. There was no welfare. They agreed to learn English. They agreed to acclimate into the school systems, right? Number one, number two, we actually had a criminal justice system back then that actually put criminals in jail, right? So if you came over here and you did something stupid, you were going to jail. You were not getting out on cashless bail. Welfare wasn't waiting for you on the other side, a very different system than where we are today. And it could have impacted your entire family. Your family had to vouch for you coming over. We had a family oriented immigration policy that really stressed. So if you had family over here already and you were, let's say in Italy or you were in France or whatever, and you wanted to immigrate to the United States, you had a much higher probability of being able to get to the United States and, and, and meet, you know, get underneath that quota. But from, from, from a, a good chunk from world war, you know, about turn of the century through the great depression, we had very little immigration in this country. And it's amazing. I look at like my grandparents that came from Italy. I'm surprised they were able to get in, but it came, you know, my grandparents and then they brought over a few more family members, but most of them were still in Italy. They, they stayed over there. So just interesting if you really understand the policy and you understand history, and I wish they would teach more of this on who was responsible for what. But yeah, while they're removing all that. Yeah. Speaking of karma though, we've mentioned karma earlier and we got to talk about Kevin McCarthy and Carmageddon. I mean, I hope that the Republicans take notice that this is what happens when you cut a deal with the Democrats. Cause that's what he did, right? He cut a deal with the Democrats. Some of them are not getting it still though. Newt Gingrich I saw last night. Newt, I love you man. But he's on Fox. So he goes, I think this is a bad idea. I'm like, this guy is exactly why people like you and I McCarthy never give a goddamn penny to the Republican. And that's exactly why we don't show up for the benefits anymore. We don't show up because it's, it's, it's total. We are $33 trillion in debt with a clock, by the way, that is literally smoking. It's going so fast. You can't even see the numbers flip anymore. It's just a blur. It's just a blur.
Monitor Show 23:00 10-05-2023 23:00
"Interactive brokers clients earn up to 4 .83 percent on their uninvested, instantly available USD cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. And remember to tune in to the Bloomberg Law Show every week night at 10 p .m. Wall Street time. I'm June Grosso and you're listening to Bloomberg. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. A lot of the U .S. is on strike. Seventy -five thousand Kaiser Permanente workers walked off the job today in multiple states in what is gearing up to be the largest health care strike in U .S. history. Meanwhile, the United Auto Workers strike is in its 20th day. New York Governor Kathy Hochul says her state is feeling the impact of the UAW strike. She joined workers on the picket lines in Rockland County, calling on four General Motors and Stellantis to offer fair contracts. They want good wages, they want benefits, and I encourage the leaders of the auto companies to stay at the table, get back to the table, and roll up their sleeves and get the job done. House Republicans are scrambling to find a new speaker after Kevin McCarthy was voted out of the role this week. Ohio Congressman Jim Jordan and House Majority Leader Steve Scalise of Louisiana both launched their bids on Wednesday. Oklahoma Congressman Kevin Hearn is also considered to be a likely contender. Former President Trump has left New York City as day three of his civil fraud trial moves on. Trump is accused by New York Attorney General Letitia James of inflating his net worth in order to get more favorable loans from banks. The Biden administration is canceling $9 billion.
A highlight from An Old Womans Laughter
"Welcome to Gospel in Life. Throughout the Bible, there are signs that point us to the gospel. Today, Tim Keller is looking at how we can discover them and what they teach us. The passage on which the teachings base is found in your bulletin. Let me read it to you. Genesis 21, verses one to seven. Now the Lord was gracious to Sarah, as he had said. And the Lord did for Sarah what he had promised. Sarah became pregnant and bore a son to Abraham in his old age. At the very time God had promised him, Abraham gave the name Isaac to the son Sarah bore him. And when his son Isaac was eight days old, Abraham circumcised him as God had commanded him. Abraham was a hundred years old when his son Isaac was born to him. And Sarah said, God has brought me laughter. And everyone who hears about this will laugh with me. And she added, who would have said to Abraham that Sarah would nurse children? Yet I have borne him a son in his old age. This is God's word. Why, in these morning services here in the fall, are we rummaging around in documents that are so ancient that they're called the Old Testament? I mean, how relevant is that? Very relevant. My wife, Kathy, tore out an article for me out of Mademoiselle Magazine, September 97. Very up to date. And surprising article, because it was by Naomi Wolf, who's a very sharp and pretty well known feminist author. And the title of the article is, Coming Out for God, subtitle, OK, I Pray, So Why Do I Feel So Funny Talking About It? And in the article, she basically says that she has come into a spiritual search. She has decided there's got to be more. And she is looking for God, and she's searching for God, and she's searching for spirituality. And at one point, she says, it's really all coming down to this. And she's not saying she arrived, but this is what she says she's coming down to. She says, beyond it all, I have the increasingly pressing question. This is the increasingly pressing question. What the heck does God want me to do, and how do I figure it out? What does God want me to do, and how do I figure it out? And when you ask the question, how do you figure out what God wants of me, that's the question of sources. Where do I go to find out what God's will is? And really, classically, there's really only two basic answers over the years. The one answer is look outside to some authoritative text, to some authoritative resource. Look outside to the objective. And on the other hand, the other kind of answer has been, well, you look inside. You look to the inner light. You look to the subjective. You look to your heart. You look to your experience. Now, the wonderful thing about the Old Testament that really needs to be understood, besides the fact that it's a book that's considered holy by Jews and Christians and Muslims, is with the Old Testament, you don't have to choose. What's great about the Old Testament is you have authoritative theological teaching, but it's always teaching in the form of stories, always teaching in the form of real human experiences. So last week, we looked at the existential despair of the teacher in Ecclesiastes. This week, we look at laughter. We will look at bitterness. You look at real human experiences, and the Old Testament says in those real human experiences, you've got pointers to God. You've got clues to God, but by going to the Old Testament, you not only look at human experience, you also do it in a way that people have been going to for years through the centuries, the Old Testament. Instead of being self -accredited, instead of just saying, well, I've looked at my heart, now I know what God wants, you're looking into the human heart, into human experience, and therefore into your own experience, but in the Old Testament, a place where millions of people over the centuries have found God. And that way, you can trust, so you don't have to choose, and that's why we're going to these great accounts. Now, in this account, we are looking at a particular experience, and that is a woman laughing because her only child has been born, but it's an incredibly old woman we have here. We have a woman who's 90 years old here, and we're told in the Bible that this laughter is a clue to who God is and what He's done, and how do you find Him? The reason that I read this little section, which many of you may not have even ever heard, even though you may have heard the story of Abraham and Sarah, is I think this is the fulcrum. This is actually the midpoint. This is actually the key, because all of Abraham and Sarah's life and all the fascinating incidents can all be understood in terms of the name of their son, because the word Isaac means laughter, means laughter. God has brought me laughter, and all who hear will laugh with me, and you can understand all of their life, and actually I think eventually you'll be able to understand all of your life, through the word yisak, Isaac, laughter, because there's been three kinds of laughter. If you read the story of Abraham and Isaac, there's three kinds of laughter, and only the last one is the best. They had to go through two other kinds to get to the third. What are these three kinds of laughter? First of all, first you see in the history of Abraham and Sarah, you see the laughter of scoffing, the laughter of disbelief, the shallow laughter of disbelief. If you go way back into the passage, go deep, you'll see back in Genesis 12, God comes to Abraham and says, I'm going to give you a son. A son will be born to you through Sarah, and through that son you will have a descent, a group of descendants will become a great nation, and through that nation, all the nations of the world will be blessed.
"kathy durst" Discussed on Bloomberg Radio New York
"Changing the name of Dodson I hope you're not changing all that room Kentucky fried chicken shortened its name to KFC and wrestling's WWF became the WWE Some high profile name changes have followed scandal or controversy Philip Morris the maker of Marlborough changed its name to Altria And while Google changed its name to Alphabet most people still refer to the parent corporation as Google Two kids were killed 8 people injured some critically after a drag racer veered off of the track at a race in Texas It was held at the airport in kerville north of San Antonio yesterday afternoon at drag racer apparently lost control of his vehicle and ran into a group of spectators I'm Scott Carr Jury selection is set to begin tomorrow in the federal lawsuit against some of the organizers of the deadly 2017 unite the right rally in Charlottesville Virginia Heather hire was killed during the event when James Alex field junior drove his car into a group of counter protesters The lawsuit is seeking damages from 24 organizers of the event including a white supremacist leader and a neo Nazi podcaster The Speaker of the House Nancy Pelosi has been saying she's very optimistic after meeting with the president Friday Amid the push by Democrats to pass the president's too big agenda items Congresswoman Pamela jayapal of Washington state says the American public needs to know that a deal is in her words much closer At the end of the day even some of the things that you had on the chopping block I don't think are actually gone We are trying to get to a place where everybody can agree to something that is still transformative One of the two items Democrats have been working on is a social spending plan the party's trying to muscle through on their own That's been cut up though in an ongoing fight between moderates and progressives in the Democratic Party That in turn has led to a bipartisan infrastructure Bill being stuck as well House member from Arizona Ruben gallego says progress may seem slow but it is being made It's possible for us to still transform the American family to actually be sustainable and be in a good place and we're just going to have to figure out how to get there but it's entirely possible A salami snacks being linked to a salmonella outbreak that is second nearly 20 people across 8 states The CDC's issued a food safety alert for cereal brand premium Italian style salami sticks that products carried at Trader Joe's and some other grocery stores nearly half of the people sickened by the snack are in California Others in Kansas Minnesota Illinois Michigan Virginia New York and New Jersey The CDC warned Saturday against consuming the product regardless of a Best Buy date I'm Scott Carr And I'm Susanna Palmer in the Bloomberg newsroom a bid to unionize Amazon workers at a distribution center in the city is near an important milestone where from Bloomberg's Denise Pellegrini organizers are prepared to deliver signatures to the national labor relations board as early as tomorrow for authorization to hold a vote to unionize the organizers say they have collected signatures for more than 2000 employees at four Amazon facilities on Staten Island The bid to establish the Amazon labor union in New York City is the second attempt in the past year to form a union at the nation's largest online retailer In April workers at an Alabama Amazon facility overwhelmingly rejected forming a union in an effort led by the retail wholesale and department store union the Staten Island organizers need to collect signatures from at least 30% of the workers There are about 7000 in four Staten Island warehouses to these Pellegrini Bloomberg radio Millionaire real estate air Robert Durst has been charged with murder in the death of his first wife Kathy durst nearly four decades after she disappeared The charges come just days after durst was sentenced to life in prison in California for killing a confidant who helped him cover up the alleged murder of Kathy durst who disappeared in 1982 Authorities in louisbourg confirmed that they have charged durst to 78 with second degree murder He had not been previously charged in Cathy durst's disappearance His lawyer says durst has been hospitalized on a ventilator in Los Angeles after testing positive for COVID-19 China's economy risks slowing faster than global investors realize That according to banks including Bank of America and Citigroup they are among those sounding the warning that China's expansion will fall short this year of the 8.2% anticipated by the consensus of economists Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Susanna Palmer This is Bloomberg Bloomberg opinion informed perspectives and expert data driven commentary on breaking news Welcome to Bloomberg opinion on Bloomberg radio Bring you news comments and insights from Bloomberg opinions worldwide team of editors and columnists I'm your host June grosso This week we look into the California wildfire dilemma also on the show why President Biden can't do much to push Democrats bills Plus should Sweden be ruled a COVID success or failure But first conspiracy theorists have touted the lab leak idea since the start of the COVID-19 pandemic And while it may be easy to dismiss that theory opinion columnist Faye flam says it's important to keep an open mind because the possibility of a lab leak still exists She joins us to explain So has the lab leak theory been resolved one way or the other No it hasn't And I think it's kind of surprising that we haven't really gotten any further on it I think that it's a little disingenuous of people to say that we have no evidence for a lab leak because the evidence is at the labs in Wuhan and it hasn't been released So if there was evidence it's being withheld So then how can it be investigated if the lab won't allow that Well I mean the answer would definitely be in the lab notebooks and the sequences of all the viruses that they've collected over the years If this virus is one that was collected or stored or manipulated in some way it would be in those records So I think the answer would have to be to find a way to get those the other possibility is that scientists could find a very close match in an animal that was sold in Wuhan at that market or where there was sort of a plausible route for getting to people there So that has not been found yet So if you had definitive evidence for another way that the virus got to humans that would serve as evidence against but that hasn't been found either We heard about bats in the beginning Yes and that's are still the most likely animal that this could have come from the closest known relatives of the SARS CoV-2 that coronavirus caused in the pandemic are found in bats I think the big question is how the virus got from bats to us So we know that the Wuhan institute of virology has the biggest collection of bat coronaviruses in the world and that there was work on those viruses going on there And in other labs in that region as well And it's also known that people might get infected by collecting guano which is used as a fertilizer in the bat caves or perhaps collecting best for food or the best could have infected some other animal that people got infected by So there was a Wall Street Journal op-ed piece called science closes in on COVID's origins.
"kathy durst" Discussed on Bloomberg Radio New York
"Step closer to returning to the moon NASA finished up the Artemis moon rocket and Orion capsule last week at the Kennedy Space Center the agency's planning to launch it in February And the lead singer of 60s pop group J in the Americans has passed away Jay black and his band had many hits in the 60s including this magic moment and come a little bit closer black died of pneumonia on Saturday he was 82 I'm Scott Carr And I'm Susanna Palmer in the Bloomberg news room A bid to unionize Amazon workers at a distribution center in the city is near an important milestone where from Bloomberg's Denise Pellegrini organizers are prepared to deliver signatures to the national labor relations board as early as tomorrow for authorization to hold a vote to unionize the organizers say they have collected signatures for more than 2000 employees at four Amazon facilities on Staten Island The bid to establish the Amazon labor union in New York City is the second attempt in the past year to form a union at the nation's largest online retailer In April workers at an Alabama Amazon facility overwhelmingly rejected forming a union in an effort led by the retail wholesale and department store union the Staten Island organizers need to collect signatures from at least 30% of the workers There are about 7000 in four Staten Island warehouses to these Pellegrini Bloomberg radio Millionaire real estate air Robert Durst has been charged with murder in the death of his first wife Kathy durst nearly four decades after she disappeared The charges come just days after durst was sentenced to life in prison in California for killing a confidant who helped him cover up the alleged murder of Kathy durst who disappeared in 1982 Authorities in louisbourg confirmed that they have charged durst who 78 with second degree murder He had not been previously charged in Cathy durst's disappearance His lawyer says durst has been hospitalized on a ventilator in Los Angeles after testing positive for COVID-19 China's economy risks slowing faster than global investors realize That according to banks including Bank of America and Citigroup they are among those sounding the warning that China's expansion will fall short this year of the 8.2% anticipated by the consensus of economists Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Susanna Palmer This is Bloomberg This is Bloomberg Wall Street week with David Weston from Bloomberg radio 2.9 billion That's how many people use Facebook every month Well over a third of the planet And to hear Mark Zuckerberg tell it the social media company he started to keep track of Friends in college is using its enormous power to do good For most of our existence we focused on all the good that connecting people can bring But as former HP CEO Carly fiorina points out with great power comes great responsibility What makes Facebook different is their dominant control over people's lives and in our economy And a growing number of people find Facebook falling short such as former Facebook product manager Francis Hagen turned whistleblower They can't protect us from the harms that they know exist in their own system It is pulling families apart And in places like Ethiopia it's literally fanning ethnic violence It's not just about harmful content being read former Goldman Sachs CEO Lloyd blankfein flags another risk You know looking through it from a macro point of view You don't want to let these pose of high concentration of economic power and influence get into place So I'd always thought that the tech industry was kind of in some ways like financial services on steroids All of which leads lawmakers both Republicans and Democrats to say there has to be more regulation with senator Elizabeth Warren of Massachusetts calling for Facebook to be broken up Break them up Break them up When we've got lots of competitors in this market we know one dominates in that same way So.
"kathy durst" Discussed on Bloomberg Radio New York
"Barbie movie That's according to a report from deadline The movie will star Margot Robbie is the title character deadline reporting costly initially passed down the role but after Warner Brothers persistence the actor's schedule opened up I'm Scott Carr And I'm susannah Palmer in the Bloomberg newsroom It's the second day of early in person voting in New York City and New Jersey You have until October 31st to cast an early ballot before the general election on November 2nd Millionaire real estate air Robert Durst has been charged with murder in the death of his first wife Kathy durst nearly four decades after she disappeared More from Bloomberg's Denise Pellegrini And these new charges come just days after durst was sentenced to life in prison in California for killing a confidant who helped him cover up the alleged murder of Kathy durst who disappeared in 1982 Authorities in louisbourg confirmed they have charged hers to 78 with second degree murder He had not been previously charged in Kathy durst's disappearance His lawyers say durst has been hospitalized on a ventilator in Los Angeles after testing positive for COVID-19 Denise Pellegrini Bloomberg radio A bid to unionize Amazon workers at a distribution center in the city is nearing an important milestone organizers are prepared to deliver signatures to the national labor relations board as soon as tomorrow for authorization to hold a vote to unionize Organizers say they have collected signatures for more than 2000 employees at four Amazon facilities on Staten Island Investors face another week of wondering what the Federal Reserve will do in coming months to temper inflation This after fed chair Jerome Powell said last week that he thinks it's time to taper asset buying but not time to raise interest rates Laurie heinel is global chief investment officer at state street global advisers We think that Powell is definitely going to taper come November and that that's going to take us to about the middle of 2022 And so not only do we think that there's going to be a rate increase mid next year There's also a possibility that we'll see two increases next year depending upon the economic trajectory develops Heinel was interviewed today on Bloomberg daybreak Middle East Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Susanna Palmer This is Bloomberg This is Bloomberg Wall Street week Markets shrug off higher consumer prices The economy is in the process of rebounding Well the Federal Reserve has its own digital currency The financial stories that chief our work many people think the user just going to keep marching up We have more spending coming out of Congress One of the big questions I think on investors minds inflation Through the eyes of the most influential voices Larry summers the former treasury secretary Why am one hand A Bank of America Well for a CEO of Charlie sharp Bloomberg Wall Street week with David Weston from Bloomberg radio More action than direction from earnings from bonds and from Chinese real estate This is Bloomberg Wall Street week I'm David Westin It was a weak filled with more news than direction.
"kathy durst" Discussed on Bloomberg Radio New York
"Evacuation orders because of an anticipated storm bringing heavy rains and winds which can cause mudslides in down trees And lead singer of 60s pop group J in the Americans has passed away J black and his band had over 20 hits over the 60s including this magic moment walking in The Rain and come a little bit closer Jay black was 82 I'm Scott Carr And I'm Susanna Palmer and the Bloomberg newsroom New videos are raising questions about the safety of schools across New York City Several disturbing videos show students in violent brawls and school safety agents unable to stop them more from Bloomberg's Denise Pellegrini Parents and advocates rallied in The Bronx Friday demanding more school safety agents after 6 weapons were discovered in two days across city schools NBC New York reports it's part of a trend that the school safety union says they formed the city about Gregory Floyd president of local two 37 which represents school safety agents says the union pushed the city for more agents knowing they would need them But between retirement attrition and the city's vaccine mandate schools across the city lost more than 1400 safety agents Denise Pellegrini Bloomberg radio Millionaire real estate air Robert Durst has been charged with murder in the death of his first wife Kathy durst nearly four decades after she disappeared The charge comes just days after durst was sentenced to life in prison in California for killing a confidant who helped him to cover up the alleged murder of Kathy durst who disappeared in 1982 Authorities in Louis baroque confirmed that they have charged a durst who 78 with second degree murder His lawyers say durst has been hospitalized and is on a ventilator in Los Angeles after testing positive for COVID-19 A salami snack is being linked to a salmonella outbreak that has sickened nearly 20 people across 8 states The CDC has issued a food safety alert for brand premium Italian style salami 6 The product is carried at Trader Joe's and some other grocery stores Stores in New York and New Jersey are among those that got the snacks Talks between the Italian government and UniCredit SPA over the sale of banca Monte dei paschi have collapsed that deals blow to prime minister Mario Draghi's efforts to end the Italian bank's troubles Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Susanna Palmer This is Bloomberg Broadcasting live from the Bloomberg interactive brokers studio in New York Bloomberg 11 To Washington D.C. Bloomberg.
"kathy durst" Discussed on Bloomberg Radio New York
"Radio Now a global news update A cinematographer killed on a New Mexico movie set was remembered last night at a candlelight vigil in Albuquerque And that's what we want to look at Alina Hutchins fatally shot with a prop gun By actor Alec Baldwin on the set of a new western film during the vigil last night the president of the international cinematographers guild described the 42 year old as a mother wife and an accomplished moviemaker the investigation into the shooting continues no charges have been filed Another vigil is set for tonight for Hutchins among filmmakers in California Two children are dead 8 people are injured some critically after a drag racer veered off the track at a race in Texas The event called airport race wars two held at the airport in kerville north of San Antonio when a drag racer drove into a group of spectators yesterday afternoon curveball police say a 6 year old boy died at the scene and 8 year old boy died at the hospital 8 others were injured including two listed in critical condition At least 5 are in the hospital after a 17 car pileup on a Florida state highway Seminole county fire department officials say it happened on state road four 17 just outside of Orlando last night about 22 involved in the crash with 5 being taken to the hospital One of the victims in critical condition there's no word on what caused the crash A cargo ship carrying mining chemicals is on fire off the coast of British Columbia the Canadian coast guard says 16 crew members of the zim Kingston had to be evacuated while 5 stayed on board to fight the fire The coast guard says ten containers are burning and expelling toxic gas The World Series gets underway this week It'll be Atlanta taking on the Houston Astros after the braves beat out the Dodgers four to two last night It marks the first time in 22 years that braves will play in the fall classic the best of 7 series gets underway with game one Tuesday night in Houston I'm Scott Carr Saying the races are too important for voters to sit out former president Barack Obama has been campaigning for Democrats in Virginia and New Jersey at a Saturday rally in Virginia he encouraged young people to support Terry mcauliffe for governor in New Jersey the 44th president called on voters to back governor Phil Murphy who's hoping to become the first Democrat since 1977 to win a second term as a governor in the garden state It appears the search for a missing New Hampshire boy is over Authorities said Saturday they believe they found the remains of 5 year old Elijah Lewis after searching for more than a week The discovery was made in a wooded area about 70 miles from the boy's home he was last seen 6 months ago His mother and boyfriend have been arrested on child endangerment and witnessed tampering charges in the case and they stand accused of telling friends to lie about the boy's disappearance and autopsy scheduled for today Schools all over New York City are facing safety issues amid a rash of incidents involving guns and fights Here's a shock power Gregory Floyd is the president of local two 37 representing school safety agents The only barrel that has not reported the violence level of violence has been Manhattan But the school year is still young The NYPD is investigating 5 incidents at cardozo high school in Queens where outrage has led to an Instagram page documenting the violence at nearby Van Buren high school a loaded gun was found on Thursday in The Bronx 6 weapons were found in two days at various schools Floyd says the city has failed to plan for the school year and there are not enough safety agents across the city 1400 of them were lost due to retirement the vaccine mandate and other factors and the Mississippi Supreme Court has set a date now for the first execution of that state in nearly ten years after withdrawing all appeals to high court set November 17th as the day David Neil Cox will be put to death for the killing of his wife in 2010 Cox completed guilty in 2012 to the shooting death of Kim Cox and the sexual assault of her daughter It will be the first execution carried out by the state of Mississippi since 2012 I'm Scott Carr And I'm Susanna Palmer in the Bloomberg news room a bid to unionize Amazon workers at a distribution center in the city is near an important milestone where from Bloomberg's Denise Pellegrini organizers are prepared to deliver signatures to the national labor relations board as early as tomorrow for authorization to hold a vote to unionize the organizers say they have collected signatures for more than 2000 employees at four Amazon facilities on Staten Island The bit to establish the Amazon labor union in New York City is the second attempt in the past year to form a union at the nation's largest online retailer In April workers at an Alabama Amazon facility overwhelmingly rejected forming a union in an effort led by the retail wholesale and department store union the Staten Island organizers need to collect signatures from at least 30% to the workers There are about 7000 in four Staten Island warehouses to these Pellegrini Bloomberg radio Millionaire real estate air Robert Durst has been charged with murder in the death of his first wife Kathy durst nearly four decades after she disappeared The charges come just days after durst was sentenced to life in prison in California for killing a confidant who helped him cover up the alleged murder of Kathy durst who disappeared in 1982 Authorities in louisbourg confirmed that they have charged durst who 78 with second degree murder He had not been previously charged in Kathy durst's disappearance His lawyer says durst has been hospitalized on a ventilator in Los Angeles after testing positive for COVID-19 China's economy risks slowing faster than global investors realize That according to banks including Bank of America and Citigroup they are among those sounding the warning that China's expansion will fall short this year of the 8.2% anticipated by the consensus of economists Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Susanna Palmer This is.
"kathy durst" Discussed on Bloomberg Radio New York
"Two children are dead 8 people are injured after a drag racer veered off a track at a race in Texas The event being held at the airport in kerville north of San Antonio called airport race wars two a drag racing vehicle drove into a group of spectators yesterday afternoon kerville police say a 6 year old boy died at the scene an 8 year old boy died at the hospital 8 others were injured including two listed in critical condition at least Fiverr in the hospital following his 17 car pileup on a Florida state highway Police in Seminole county say it happened on state road four 17 just outside of Orlando last night about 22 involved in the crash 5 people were taken to the hospital one in critical condition There's still no word on what caused the crash The World Series will start Tuesday in Houston The Astros will have home field advantage in game one of the best of 7 series against the Atlanta Braves who are in the fall classic for the first time in 22 years The series moves to Atlanta for game three Friday I'm Scott Carr And I'm Susanna Palmer in the Bloomberg news room a bid to unionize Amazon workers at a distribution center in the city is near an important milestone where from Bloomberg's Denise Pellegrini organizers are prepared to deliver signatures to the national labor relations board as early as tomorrow for authorization to hold a vote to unionize the organizers say they have collected signatures for more than 2000 employees at four Amazon facilities on Staten Island A bit to establish the Amazon labor union in New York City is the second attempt in the past year to form a union at the nation's largest online retailer In April workers at an Alabama Amazon facility overwhelmingly rejected forming a union in an effort led by the retail wholesale and department store union the Staten Island organizers need to collect signatures from at least 30% of the workers There are about 7000 in four Staten Island warehouses to these Pellegrini Bloomberg radio Millionaire real estate air Robert Durst has been charged with murder in the death of his first wife Kathy durst nearly four decades after she disappeared The charges come just days after durst was sentenced to life in prison in California for killing a confidant who helped him cover up the alleged murder of Kathy durst who disappeared in 1982 Authorities in louisbourg confirmed that they have charged durst 78 with second degree murder He had not been previously charged in Cathy durst's disappearance His lawyer says durst has been hospitalized on a ventilator in Los Angeles after testing positive for COVID-19 China's economy risks slowing faster than global investors realize That according to banks including Bank of America and Citigroup they are among those sounding the warning that China's expansion will fall short this year of the 8.2% anticipated by the consensus of economists Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Susanna Palmer This is Bloomberg.
"kathy durst" Discussed on Bloomberg Radio New York
"Update Two children are dead 8 people injured some critically after a drag racer veered off the track at a race in Texas The event was called airport race wars two held at the airport in kerville north of San Antonio Saturday when a drag racing vehicle drove into a group of spectators Curve of police say a 6 year old boy died at the scene and 8 year old boy died at the hospital 8 others were injured including two listed in critical condition At least Fiverr in the hospital after a 17 car pileup on a Florida state road The Seminole county fire department says on Twitter the accident happened on state road four 17 about 15 miles outside of Orlando about 22 people were involved in the crash last night 5 being taken to the hospital one of the victims in critical condition no word on what caused the crash There's still more questions than answers about how a prop gun fired by actor Alec Baldwin ended up killing the director of photography and a movie set in New Mexico Alita Hutchins was fatally shot in the incident on the set of a western called rust Reports say Baldwin was told the gun was safe before the incident but there's been a number of issues plaguing the production including at least one other than involved a weapon misfiring This has happened before most notably in 1993 actor Brandon Lee son of icon Bruce Lee was killed by a prop gun on the film the crow his death ruled accidental and strict new protocols for prop firearms have been in place ever since That's Jennifer bjorkland Hundreds attended a candlelight vigil last night in Albuquerque to remember Hutchins a 42 year old wife and mother The stage is set for the World Series now It'll be Atlanta taking on the Houston Astros The braves beat out the Dodgers last night four to two game one is on Tuesday for the fall classic It'll be the first time in 22 years the braves have made it to the series but it's Houston that has home field advantage in game one in the best of 7 series Tuesday night beginning at 8 p.m. eastern in Houston I'm Scott Carr Jury selection is set to begin tomorrow in the federal lawsuit against some of the organizers of the deadly 2017 unite the right rally in Charlottesville Virginia Heather hire was killed during the event when James Alex field junior drove his car into a group of counter protesters The lawsuit is seeking damages from 24 organizers of the event including a white supremacist leader and a neo Nazi podcaster The Speaker of the House Nancy Pelosi has been saying she's very optimistic after meeting with the president Friday amid the push by Democrats to pass the president's too big agenda items Congresswoman Pamela jayapal of Washington state says the American public needs to know that a deal is in her words much closer At the end of the day even some of the things that you had on the chopping block I don't think are actually gone We are trying to get to a place where everybody can agree to something that is still transformative One of the two items Democrats have been working on is a social spending plan The party's trying to muscle through on their own That's been cut up though and an ongoing fight between moderates and progressives in the Democratic Party That in turn has led to a bipartisan infrastructure Bill being stuck as well House member from Arizona Ruben gallego says progress may seem slow but it is being made It's possible for us to still transform the American family to actually be sustainable and be in a good place and we're just going to have to figure out how to get there but it's entirely possible A salami snacks being linked to a salmonella outbreak that is second nearly 20 people across 8 states The CDC's issued a food safety alert for cereal brand premium Italian style salami sticks Their products carried at Trader Joe's and some other grocery stores nearly half of the people sickened by the snack are in California others in Kansas Minnesota Illinois Michigan Virginia New York and New Jersey The CDC warned Saturday against consuming the product regardless of a Best Buy date I'm Scott Carr And I'm susannah Palmer in the Bloomberg newsroom It's the second day of early in person voting in New York City and New Jersey You have until October 31st to cast an early ballot before the general election on November 2nd Millionaire real estate air Robert Durst has been charged with murder in the death of his first wife Kathy durst nearly four decades after she disappeared More from Bloomberg's Denise Pellegrini And these new charges come just days after durst was sentenced to life in prison in California for killing a confidante who helped him cover up the alleged murder of Kathy durst who disappeared in 1982 Authorities in louisbourg confirmed they have charged us to 78 with second degree murder He had not been previously charged in Kathy durst's disappearance His lawyers say durst has been hospitalized on a ventilator in Los Angeles after testing positive for COVID-19 Denise Pellegrini Bloomberg radio A bid to unionize Amazon workers at a distribution center in the city is nearing an important milestone organizers are prepared to deliver signatures to the national labor relations board as soon as tomorrow for authorization to hold a vote to unionize Organizers say they have collected signatures from more than 2000 employees at four Amazon facilities on Staten Island Investors face another week of wondering what the Federal Reserve will do in coming months to temper inflation This after fed chair Jerome Powell said last week that he thinks it's time to taper asset buying but not time to raise interest rates Laurie heinel is global chief investment officer at state street global advisers We think that Powell is definitely going to taper come November and that that's going to take us to about the middle of 2022 And so not only do we think that there's going to be a rate increase mid next year There's also a possibility that we'll see two increases next year depending upon how the economic trajectory develops Heidel was interviewed today on Bloomberg daybreak Middle East Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in more than 120 countries I'm Susanna Palmer This is Bloomberg.
"kathy durst" Discussed on Bloomberg Radio New York
"Americans now have their pick of vaccine booster shots following approval of those shots from Moderna and Johnson & Johnson Pfizer boosters had already been approved Experts say while the vaccines are helpful at preventing hospitalizations from COVID-19 boosters make an enormous difference especially among those at high risk or over the age of 65 While Pfizer says kid sized doses of its COVID-19 vaccine are safe and nearly 91% effective at preventing symptomatic infections in elementary school kids details of the study were posted online today as U.S. regulators consider opening vaccinations to youngsters 5 to 11 CDC director Rochelle Walensky talked with ABC News about the next steps We are waiting for the FDA regulatory process they'll meet next week and the CDC will actually meet the following week the first week in November to make a discussion and decision after we see the data on the 5 to 11 year old Walensky says the shots could begin early next month if they do receive regulatory approval Real estate tycoon Robert Durst has been charged in suburban New York with the murder of his former wife Kathy durst She vanished in 1982 and her bodies never been found now authorities in Westchester county say a complaint has been filed charging Robert Durst with her murder He was just sentenced to life in prison last week for murdering an associate who may have helped him cover up the death of Kathy durst No charges have been filed against actor Alec Baldwin after the fatal shooting on the set of a western that he's shooting in New Mexico He fired a prop gum injuring the director and killing the cinematographer Global news.
"kathy durst" Discussed on Bloomberg Radio New York
"Sound There's no DNA evidence that ties them But prosecutors can still build a case circumstantially through other evidence through testimony of witnesses And at the end of the day the standards that an appeals court will look at is whether or not a reasonable jury could have convicted them based on the evidence that was presented at the trial This was a trial that was held during COVID And another one of the reasons for appeal is his attorneys say jurors was prevented from receiving a fair trial because of the lengthy delay of the proceedings His lawyers had called the 14 month delay the longest of German in U.S. history featuring the same jury And argued that the jurors could have forgotten information from the start of the trial discussed the case with others or watch television programs about the case Is that valid the judge making the decision that after 14 months he was going to go ahead with the same jury Well it's certainly an issue that you could expect the defense lawyers to raise because any time you have an unusual circumstance something that has not been typically seen in a criminal trial the sensors will always argue that their client has been prejudiced by that So in this case you do have this very unusual circumstance where the trial was started and then it was paused for an extended period of time due to COVID And they're going to argue that their client didn't get a fair trial because of that What the appeals court is going to do is look at the entire transcript of the trial and determine whether or not the defendant was in fact prejudice and even if he was whether it was so severe that it would have changed the outcome of the trial So these are the type of issues that you expect to be raised on appeal These are the type of issues that I think unless they're really extraordinary Unless they can point to a specific prejudice that resulted from the delay I think it's unlikely to sway the appeals court and unlikely that it will result in a new trial for mister durst Another point of appeal is that the judge made an error in allowing jurors to see that HBO documentary the jinx that's pretty unusual to allow them to see a documentary isn't it Again another very unusual aspect of this case and again an issue that defense lawyers will make a big deal about and try to suggest that their client was prejudice by allowing jurors to sit through that documentary It is highly unusual but it's also highly unusual for the defendant to have made some of the statements that he made during that documentary that prosecutors say amounted essentially to a concession to those crimes This point interested me The judge excluded evidence of possible sightings of Kathy durst in New York City Well mister durst's first wife went missing back in 1982 and although prosecutors and legs during the trial that he was responsible for her murder he was never charged with that crime So one of the strategies the defense was using here was to try to argue that in fact he may not have even been dead Her body was never found a murder weapon was never found And the judge in this case so found the evidence to be so attenuated that you did not let it go in front of the jury whether or not ultimately that amounts to reversible error will be something for the appeals court to decide It really would depend on in my view how credible that evidence was about a Cathy durst sighting Obviously she had been declared legally dead many years ago and there was very little evidence to suggest that she was still alive but whether or not it is something that should have been placed before the jury So they could consider the possibility that she is missing all these years and not actually dead is something that the appeals court will have to look at and decide whether that evidence was credible enough that it should have gone to jurors for their consideration As you mentioned durst was never charged in connection with his wife's disappearance despite investigations by the New York police department the state police the Westchester county district attorney's office After the verdict was announced the family of Kathy durst issued a statement calling on prosecutors to pursue a case in her death as well Would that be an even more difficult case to bring at this point It would be an even more difficult case because she went missing back in 1982 and at this point based upon this conviction and assuming it's not overturned mister durst will get a sentence of life without parole So prosecutors would have to look at that decide whether or not there was a possibility of actually getting to conviction in the case that was that old and also whether or not it warranted them spending the time and the money on the resources to pursue a criminal case in which a defendant was already serving life without parole Bob before I let you go tell me what you think the defense is strategy was here and why it failed The strategy of the defense here was to try to portray their client as a hapless socially awkward man who just makes poor decisions and was in the wrong place at the wrong time He ran twice rather than contacting the police And they tried to paint him as somewhat of a victim of ambitious prosecutors and deceptive filmmakers but ultimately the jury seemed to reject that characterization of mister durst He admitted to prosecutors that he lied and he admitted and perhaps one of the highest points of drama during the trial that not only had he lied in the past but he would lie today if he had to He was asked by the prosecutor did you kill Susan Berman And he answered that he didn't The prosecutor then followed up and said but if you did you would lie about it correct to which mister durst replied correct That was essentially the completion of the self destruction of mister jurist on the stand He really sealed his own fate first by talking to the HBO documentary makers and putting himself back in the spotlight and then making that bathroom confession according to prosecutors where he walked off of cameras went into the bathroom not knowing that his mic was still on unaware that he's being recorded and said what the hell did I do Killed them all of course prosecutors use that as a concession by mister durst to the crime the defense tried to argue that those statements were taken out of context and didn't mean what they appeared to me but ultimately that was a very difficult statement for the defense to have to deal with And ultimately the jury simply did not find him credible Thanks bob That's Robert mince of mccarter and English Coming up next A federal court allows New York City to bar unvaccinated teachers and public school workers from.