36 Burst results for "Larson"
A highlight from 1278. Gensler LOST AGAIN! | Judge Shreds SEC Appeal! | XRP Update
"Let's get into some XRP news today and talk about the SEC taking another black eye. These guys are taking round after round from the judge, and it's going to be an interesting one for sure. You don't want to miss this show. All right, my name is Paul Baron. Welcome back into Tech Path. Let's get into it. A couple of topics that we'll break down from the judge, but also the kind of impact this could have for the overall crypto markets, even the Coinbase case. We'll give you guys kind of a rundown. One thing I do want to do is thank our sponsor, and that's iTrust Capital. If you guys are looking at going into long -term investing into crypto IRAs, this is one of the vehicles you can use, and it's very simple to do it. Easy to start up, there's no monthly fees, and all you have to do is you can do your own self -directed trading. So if you want to get into XRP or others, you can do that right here within the iTrust Capital IRA. Very easy to join, and you'd be joining 200 another ,000 accounts that have already created IRAs there with iTrust. So check the link down below. You get a $100 funding reward if you decide to do something there. Helps our channel out. Appreciate that. All right, so let's get into a couple things here. I want to go over to the PDF here. This is the judge response, and there's a few points. I'm going to kind of zoom in on this a little bit for you guys. There's a few spots in here. There's going to be a lot of scrolling, but the point is we're going to get to a couple of points here. I want to go down here to page five. All right, so let's get into this. First, SEC has not presented a pure question of law. This is one of the things that the judge has already pretty much put in in the judgment on the first ruling, and of course, kind of them just saying, hey, this is, you're still in the same position here. In fact, the court specifically rejected defendants' essential ingredients, the legal test, and applied the SEC's legal standards. So this was where the SEC was essentially trying to create their own rules. Judge says, nope, not going to work here. Further into the document, the SEC seeks to appeal question C, and issuers offers and sales of crypto assets and trading platforms create a reasonable expectation of profits based on the efforts of others. But the court did not hold that offers and sales on a digital asset exchange can create a reasonable expectation of profits based on the efforts of others. So I think that is pretty much the same kind of scenario that's playing out in the Coinbase trial that we will most likely, I think we're going to see a win there as well. Ripple's programmatic sales were blind, bid -asked transactions, same as almost every crypto transaction out there. Ripple's programmatic sales represented less than 1 % of the global XRP trading volume, did not make any promises or offers, and the SEC failed to provide evidence. The SEC failed to provide evidence, and she just keeps on, failed to provide evidence over and over on all of this. So really kind of hitting home on the SEC, just not holding up their end of being able to even prove that XRP or other digital assets are securities. Further in this document, it says the SEC failed to provide evidence and the development of use cases for the XRP ledger, which constitutes a tangible and definable consideration to Ripple. That's important. Court also rejected the SEC's argument that XRP provided Ripple employees as compensation and bonuses satisfies the Howie's first prong. So getting into a lot more detail here, and I think this is going to flow into the rest of the civil cases that are still out there against Garlinghouse and Larson. All right, so court rejects the SEC's remaining argument that the courts have accordingly found section five violations where unregistered crypto asset transactions occur not between the issuer and the investor, but through intermediaries, including on trading platforms, keyword on trading platforms. That is Coinbase in a nutshell. And I think that's the scenario. Digital assets I think are getting ready to fall outside of the guise of the SEC. Court rejects the argument that there is a substantial ground for difference of opinion, meaning it doesn't matter what you think the court has a rule of law to go by and we're going to affect it. And, uh, the SEC is not creating their own law, which is the other scenario. Okay, so further in the court, uh, in the document, the court cannot draw any conclusions about library's core reasoning, uh, to an issue because it was never litigated. Therefore the SEC fails to point to any digital asset cases which conflict with the court's holding as to the other distributions. If you don't know about what happened in the library case, this was a really a milestone event for the SEC, but now the court is pretty much saying, man, not really. Listen into this clip right here. After the blockchain was launched and we didn't do an ICO and this was during the ICO boom and then we said we were trying to be a conservative company and eventually the SEC sued us and they declined to actually bring the trial until shortly before the statute of limitations was going to hit on our, on our first buying time. Yeah. We came in and we did a whole presentation and they just used that stuff against us. Never answered a single one of our questions. We've said we'll destroy the entire company. We'll give you our entire pre -mon. You can have every dollar in our bank accounts, right? But what we want is the status that Bitcoin has, right? If I have to blow everything up, if that's what's somehow the difference here. Okay, fine. Just tell me that that's what I have to do. They won't tell you that. They'll say you're, I mean, seriously, it's so it like gives me an energy. That's crazy. I mean, that would be in the founder of library talking about how much pressure and just gravitas that the sec is wielding out there on small companies. And that's the problem of overreach that we talk about all the time. All right, so let's go back to, actually there's another clip I want to play for you. This is John Deaton. Listen to this one. The judge agreed with me, promised me, assured me that he was going to make sure that the world knew that his decision did not apply to secondary market transactions. And that was a very important point because judge Torres in the ripple case cites that hearing Jeremy Kaufman and library spend between one and $4 million and they spend another couple million dollars in legal fees. The sec spends ungodly amount of hours taxpayer money. And when it's all said and done, the government protected us by getting $111 ,000 in legal fees. From library. Well, we've successfully destroyed them financially. We did what we told Jeremy Kaufman we were going to do when he argued with us and we said, we will bankrupt you pal. What happened is the library is appealing the decision by the judge granting summary judgment to the sec. I think that they have been emboldened, if you will, because of the grayscale ruling by the ripple decision by maybe even the Uniswap decision by judge failure and hopefully a really good decision that comes down in the Coinbase motion to, to dismiss. Remember people, there's not a case in 80 years that supports taking an asset that may have been an investment contract in the beginning and then calling it an investment contract. The underlying asset forever. None. Yeah. So Deaton pretty, pretty benefit. I'm pretty passionate about that. And I think he does kind of hit that point home is that the sec kind of plays unfairly, not surprising and to anyone out there. But the good thing is, is now the courts are starting to rule against them. And this seems like they are finally in a position where they're taking the bully to class here further in the conclusion denied at the sec's request for a stay is also denied. So this court basically just lashed everything down. This is an interesting statement at the end prior to the final pretrial conference council for both parties along with parties themselves shall meet in person for at least one hour to discuss the settlement of the match. So they are really meaning the court is really pushing to get this done. This of course is Annalisa Torres, judge Annalisa Torres, which I think is the one that has pretty much outlined that the sec has no case here for digital asset control and most likely is going to fall under, under outside the graces of the court when it comes to the, to the Coinbase, uh, case as well. All right. Just a couple of tweets here. Uh, corrupt sec got an effort fail on their appeal. Judge Torres wrote the fail 10 times. Uh, here's Stuart Alderati, of course, the ripple attorney courts, um, July 13 ruling was and remains law of the land XRP is not a security. Jeremy Hogan comes in and says, Hey, okay, look here. A couple of things here that I want to note. Uh, and that is really this statement right here. This is a disaster for the agency. I'm going to mark that just it's there. This is a disaster for the agency, but I think this is, this is a good thing for crypto in general and digital assets. But more importantly, I think for digital asset technology and how all of this is moving forward, keeping government overreach out of industry and innovation is important because as you know, Deaton kind of mentioned, they went through all that, you know, millions and millions and millions of taxpayers money for $111 ,000 for a library case, which is probably going to get overturned out. So not a good one. Here was Scott, Scott Chamberlain, uh, further talking about the XRP case and he kind of hits something here. So there's a lot in change. SCC failed to prove its case. Now it has to push not something nice uphill with a pointy stick if it wants to win. So they have a huge boulder in front of them to get this done in being able to win. I think the SCC has lost this and I think it's going to start either looking very bad for Gensler or the SCC is going to start to pivot their position. Now you look at it politically, that could be the case because we're starting to see some things in DC that could also kind of tie into this. I want to go over to this last clip, which is Deaton talking about this a little bit further into what this might mean. Listen in. She said some XRP holders, no doubt bought XRP for speculative reasons and they may have relied on the efforts of Ripple, but the SCC didn't prove that. Programmatic sales of XRP on exchanges are not securities. XRP itself is not a security. And what she did in this decision was solidify it. And I'm telling you it's untouchable. It cannot be touched. She even said, look, I never said that it's impossible for some crypto token to still be a security when it's bought on an exchange. I've just said that XRP in this case with these facts are not period. She even made it more clear that as of right now on this day, excluding Bitcoin, XRP is the only one clearly, with legal clarity. I'm really hoping that judge failure comes through on the Coinbase decision because I think that will be when Gensler is forced to pivot. And that's when Elizabeth Warren has to accept that her anti crypto army is a bunch of old people about to die. All right, there you go. Anti crypto army dead. Uh, and I think back to my point is that I think that Gensler is going to pivot. He has to, this is starting to impede political positioning. It's also impeding the benefits of what the SCC is going to try to do in really the work they should be doing, which is real securities law. And that is the challenge because right now it's just overreached. This is just power grabs. You look at what Graywall was saying here. Of course, this is the Coinbase attorney. SCC just filed its opposition motion to dismiss their case. This is the opposition to the motion for Coinbase trying to get this dismissed. This is going to take on a light of its own. If you look back down here at the end, it says, we look forward to filing our reply in October 24th. So as always, we appreciate court's consideration. So this is probably going to move into November, but the key here is the SCC continues to lose and they're losing in very, very grandiose ways. And this is not good for anything from a governmental overreach standpoint. I think it's even worse for the political position of the SCC. And this also starts to change things dramatically, I think in digital assets as a whole. Most likely Coinbase is going to come out of this. Coinbase is going to look really good pretty soon. So, all right guys, we're going to get into that more. We're going to be covering more of this. Obviously we had the speaker house change up this week. There's a big implication there on crypto and digital assets as a whole. We'll cover that. Make sure and stick around on the channel. If you're not subscribed, make sure and subscribe right now. Just hit that little button down there. If you want to get some of our live streams, I'm doing as much lately, but we do want to bring those back. Just hit that bell. You'll get notifications when we do this. All right, if you're not in our diamond circle, get in now. It's another place where we drop additional content. We've got a really special surprise for you. We've got new TA videos coming only to our diamond circle members twice a week. Those will be dropped on, it looks like Monday and Thursday. Plus you're going to get Kyle's webinar, excuse me, web3 podcast, and he's adding another show to it. So you're going to get four new pieces of content that you don't get anywhere else. Not here on YouTube, only in the diamond circle. Click the link down below. You guys want to catch me? It's out there on Twitter at Paul Baron. We'll catch you next time right here on Tech Path.
Fresh update on "larson" discussed on Tech Path Crypto
"Let's get into some XRP news today and talk about the SEC taking another black eye. These guys are taking round after round from the judge, and it's going to be an interesting one for sure. You don't want to miss this show. All right, my name is Paul Baron. Welcome back into Tech Path. Let's get into it. A couple of topics that we'll break down from the judge, but also the kind of impact this could have for the overall crypto markets, even the Coinbase case. We'll give you guys kind of a rundown. One thing I do want to do is thank our sponsor, and that's iTrust Capital. If you guys are looking at going into long-term investing into crypto IRAs, this is one of the vehicles you can use, and it's very simple to do it. Easy to start up, there's no monthly fees, and all you have to do is you can do your own self-directed trading. So if you want to get into XRP or others, you can do that right here within the iTrust Capital IRA. Very easy to join, and you'd be joining another 200,000 accounts that have already created IRAs there with iTrust. So check the link down below. You get a $100 funding reward if you decide to do something there. Helps our channel out. Appreciate that. All right, so let's get into a couple things here. I want to go over to the PDF here. This is the judge response, and there's a few points. I'm going to kind of zoom in on this a little bit for you guys. There's a few spots in here. There's going to be a lot of scrolling, but the point is we're going to get to a couple of points here. I want to go down here to page five. All right, so let's get into this. First, SEC has not presented a pure question of law. This is one of the things that the judge has already pretty much put in in the judgment on the first ruling, and of course, kind of them just saying, hey, this is, you're still in the same position here. In fact, the court specifically rejected defendants' essential ingredients, the legal test, and applied the SEC's legal standards. So this was where the SEC was essentially trying to create their own rules. Judge says, nope, not going to work here. Further into the document, the SEC seeks to appeal question C, and issuers offers and sales of crypto assets and trading platforms create a reasonable expectation of profits based on the efforts of others. But the court did not hold that offers and sales on a digital asset exchange can create a reasonable expectation of profits based on the efforts of others. So I think that is pretty much the same kind of scenario that's playing out in the Coinbase trial that we will most likely, I think we're going to see a win there as well. Ripple's programmatic sales were blind, bid-asked transactions, same as almost every crypto transaction out there. Ripple's programmatic sales represented less than 1% of the global XRP trading volume, did not make any promises or offers, and the SEC failed to provide evidence. The SEC failed to provide evidence, and she just keeps on, failed to provide evidence over and over on all of this. So really kind of hitting home on the SEC, just not holding up their end of being able to even prove that XRP or other digital assets are securities. Further in this document, it says the SEC failed to provide evidence and the development of use cases for the XRP ledger, which constitutes a tangible and definable consideration to Ripple. That's important. Court also rejected the SEC's argument that XRP provided Ripple employees as compensation and bonuses satisfies the Howie's first prong. So getting into a lot more detail here, and I think this is going to flow into the rest of the civil cases that are still out there against Garlinghouse and Larson. All right, so court rejects the SEC's remaining argument that the courts have accordingly found section five violations where unregistered crypto asset transactions occur not between the issuer and the investor, but through intermediaries, including on trading platforms, keyword on trading platforms. That is Coinbase in a nutshell. And I think that's the scenario. Digital assets I think are getting ready to fall outside of the guise of the SEC. Court rejects the argument that there is a substantial ground for difference of opinion, meaning it doesn't matter what you think the court has a rule of law to go by and we're going to affect it. And, uh, the SEC is not creating their own law, which is the other scenario. Okay, so further in the court, uh, in the document, the court cannot draw any conclusions about library's core reasoning, uh, to an issue because it was never litigated. Therefore the SEC fails to point to any digital asset cases which conflict with the court's holding as to the other distributions. If you don't know about what happened in the library case, this was a really a milestone event for the SEC, but now the court is pretty much saying, man, not really. Listen into this clip right here. After the blockchain was launched and we didn't do an ICO and this was during the ICO boom and then we said we were trying to be a conservative company and eventually the SEC sued us and they declined to actually bring the trial until shortly before the statute of limitations was going to hit on our, on our first buying time. Yeah. We came in and we did a whole presentation and they just used that stuff against us. Never answered a single one of our questions. We've said we'll destroy the entire company. We'll give you our entire pre-mon. You can have every dollar in our bank accounts, right? But what we want is the status that Bitcoin has, right? If I have to blow everything up, if that's what's somehow the difference here. Okay, fine. Just tell me that that's what I have to do. They won't tell you that. They'll say you're, I mean, seriously, it's so it like gives me an energy. That's crazy. I mean, that would be in the founder of library talking about how much pressure and just gravitas that the sec is wielding out there on small companies. And that's the problem of overreach that we talk about all the time. All right, so let's go back to, actually there's another clip I want to play for you. This is John Deaton. Listen to this one. The judge agreed with me, promised me, assured me that he was going to make sure that the world knew that his decision did not apply to secondary market transactions. And that was a very important point because judge Torres in the ripple case cites that hearing Jeremy Kaufman and library spend between one and $4 million and they spend another couple million dollars in legal fees. The sec spends ungodly amount of hours taxpayer money. And when it's all said and done, the government protected us by getting $111,000 in legal fees. From library. Well, we've successfully destroyed them financially. We did what we told Jeremy Kaufman we were going to do when he argued with us and we said, we will bankrupt you pal. What happened is the library is appealing the decision by the judge granting summary judgment to the sec. I think that they have been emboldened, if you will, because of the grayscale ruling by the ripple decision by maybe even the Uniswap decision by judge failure and hopefully a really good decision that comes down in the Coinbase motion to, to dismiss. Remember people, there's not a case in 80 years that supports taking an asset that may have been an investment contract in the beginning and then calling it an investment contract. The underlying asset forever. None. Yeah. So Deaton pretty, pretty benefit. I'm pretty passionate about that. And I think he does kind of hit that point home is that the sec kind of plays unfairly, not surprising and to anyone out there. But the good thing is, is now the courts are starting to rule against them. And this seems like they are finally in a position where they're taking the bully to class here further in the conclusion denied at the sec's request for a stay is also denied. So this court basically just lashed everything down. This is an interesting statement at the end prior to the final pretrial conference council for both parties along with parties themselves shall meet in person for at least one hour to discuss the settlement of the match. So they are really meaning the court is really pushing to get this done. This of course is Annalisa Torres, judge Annalisa Torres, which I think is the one that has pretty much outlined that the sec has no case here for digital asset control and most likely is going to fall under, under outside the graces of the court when it comes to the, to the Coinbase, uh, case as well. All right. Just a couple of tweets here. Uh, corrupt sec got an effort fail on their appeal. Judge Torres wrote the fail 10 times. Uh, here's Stuart Alderati, of course, the ripple attorney courts, um, July 13 ruling was and remains law of the land XRP is not a security. Jeremy Hogan comes in and says, Hey, okay, look here. A couple of things here that I want to note. Uh, and that is really this statement right here. This is a disaster for the agency. I'm going to mark that just it's there. This is a disaster for the agency, but I think this is, this is a good thing for crypto in general and digital assets. But more importantly, I think for digital asset technology and how all of this is moving forward, keeping government overreach out of industry and innovation is important because as you know, Deaton kind of mentioned, they went through all that, you know, millions and millions and millions of taxpayers money for $111,000 for a library case, which is probably going to get overturned out. So not a good one. Here was Scott, Scott Chamberlain, uh, further talking about the XRP case and he kind of hits something here. So there's a lot in change. SCC failed to prove its case. Now it has to push not something nice uphill with a pointy stick if it wants to win. So they have a huge boulder in front of them to get this done in being able to win. I think the SCC has lost this and I think it's going to start either looking very bad for Gensler or the SCC is going to start to pivot their position. Now you look at it politically, that could be the case because we're starting to see some things in DC that could also kind of tie into this. I want to go over to this last clip, which is Deaton talking about this a little bit further into what this might mean. Listen in. She said some XRP holders, no doubt bought XRP for speculative reasons and they may have relied on the efforts of Ripple, but the SCC didn't prove that. Programmatic sales of XRP on exchanges are not securities. XRP itself is not a security. And what she did in this decision was solidify it. And I'm telling you it's untouchable. It cannot be touched. She even said, look, I never said that it's impossible for some crypto token to still be a security when it's bought on an exchange. I've just said that XRP in this case with these facts are not period. She even made it more clear that as of right now on this day, excluding Bitcoin, XRP is the only one clearly, with legal clarity. I'm really hoping that judge failure comes through on the Coinbase decision because I think that will be when Gensler is forced to pivot. And that's when Elizabeth Warren has to accept that her anti crypto army is a bunch of old people about to die. All right, there you go. Anti crypto army dead. Uh, and I think back to my point is that I think that Gensler is going to pivot. He has to, this is starting to impede political positioning. It's also impeding the benefits of what the SCC is going to try to do in really the work they should be doing, which is real securities law. And that is the challenge because right now it's just overreached. This is just power grabs. You look at what Graywall was saying here. Of course, this is the Coinbase attorney. SCC just filed its opposition motion to dismiss their case. This is the opposition to the motion for Coinbase trying to get this dismissed. This is going to take on a light of its own. If you look back down here at the end, it says, we look forward to filing our reply in October 24th. So as always, we appreciate court's consideration. So this is probably going to move into November, but the key here is the SCC continues to lose and they're losing in very, very grandiose ways. And this is not good for anything from a governmental overreach standpoint. I think it's even worse for the political position of the SCC. And this also starts to change things dramatically, I think in digital assets as a whole. Most likely Coinbase is going to come out of this. Coinbase is going to look really good pretty soon. So, all right guys, we're going to get into that more. We're going to be covering more of this. Obviously we had the speaker house change up this week. There's a big implication there on crypto and digital assets as a whole. We'll cover that. Make sure and stick around on the channel. If you're not subscribed, make sure and subscribe right now. Just hit that little button down there. If you want to get some of our live streams, I'm doing as much lately, but we do want to bring those back. Just hit that bell. You'll get notifications when we do this. All right, if you're not in our diamond circle, get in now. It's another place where we drop additional content. We've got a really special surprise for you. We've got new TA videos coming only to our diamond circle members twice a week. Those will be dropped on, it looks like Monday and Thursday. Plus you're going to get Kyle's webinar, excuse me, web3 podcast, and he's adding another show to it. So you're going to get four new pieces of content that you don't get anywhere else. Not here on YouTube, only in the diamond circle. Click the link down below. You guys want to catch me? It's out there on Twitter at Paul Baron. We'll catch you next time right here on Tech Path.
A highlight from GARY GENSLER CALLS ALL CRYPTO SECURITIES AHEAD OF CONGRESS HEARING & SEC RIPPLE XRP APPEAL
"Welcome back to the Thinking Crypto podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google, please leave a five star rating and review. It supports the podcast and it doesn't cost you anything. Well, folks, I want to start with news around scumbag regulator Gary Gensler. Tomorrow, SEC Chair Gary Gensler will be testifying before the U .S. Senate Banking Committee. And there will be two hearings this month that he's going to be appearing at. And tomorrow is the first. At the end of the month, he'll be testifying before the House Financial Services Committee. I think that's the one that's going to have the most fireworks the last time. It certainly did. Gary got a lot of grilling from Patrick McHenry and a whole bunch of other folks. So I can't wait for that one. So we'll see if he gets any pushback tomorrow. But ahead of his testimony tomorrow, he released a letter. And of course, he's reiterating the same old bullshit about how all crypto tokens are securities. And here's one of his quotes. Given this industry's wide ranging noncompliance with the securities laws, it's not surprising that we've seen many problems in these markets. Now here's what Taylor Barr of the Digital Chamber of Commerce had to say regarding those statements from Gary. Without clear rules of the road and notable regulatory gaps, it's not noncompliance. It's navigating uncharted waters. Yeah, I think we've seen this time and time again. Gary continues these false narratives. We know the market does not have clarity. We're seeing the judges and the courts. The judges are also like, what is the SEC calling a security? You can't even say which ones are security and which ones are not right. They're just the SEC is just throwing anything at the wall right now. And Gary continues lying. This is why we have to keep fighting folks. And we have to tweet. We have to use social media to our advantage. We have to make content. We have to contact our representatives. Now, Mike Selig, who is a crypto and a fin regulation lawyer at Wilkie Farr. He tweeted out some items regarding Gensler's letter. Chair Gensler says the vast majority of crypto tokens meet the investment contract tests. Now, former chair Clayton said every ICO is I've seen is a security. This is similar rhetoric, but different meaning. Unlike Clayton, Gensler says tokens themselves are securities. Judge Torres disagreed. So we know the Ripple ruling was certainly important for case law, highlighting Gary's lies and his false narratives. And even goes back to the Howie case where I've interviewed Hester Peirce, SEC commissioner, where she said she's trying to tell the folks there not to focus on the asset, but rather how it's packaged. So in the case of Howie, it wasn't the oranges, right? It wasn't the trees and the orange groves and all of that. It was rather his investment scheme, because if it was the fruit and the trees, that means every orange tree today is a security. All the oranges in the supermarket and that you have at your house is a security, which is nonsense, obviously, right? Because these tokens, folks, they exist on decentralized blockchains and they are distributed globally. They're outside the United States as well. Right. And you can't get the same rights as stocks. If you hold a token, you don't have voting rights in the sense of having equity and shares of the company and things like that. So it's not a security, but rather how it's packaged. That's the key. That's the differentiator. But Gary Gensler continues his lies. So we got to fight. Let's see how this hearing goes tomorrow. And if he gets pushed any type of pushback, I'm hearing a lot of Democrats and as well as Republicans, of course, are not happy with Gary with how he's doing things with the crypto market. Obviously, him taking a big loss with Grayscale and Ripple is significant. And I hope Coinbase mops the floor with this clown Gensler. And then I hope he gets he gets forced to resign. Now, the SEC is, of course, trying to file an appeal with the Ripple ruling. And here, attorney Frederick Foley shared some thoughts about that. He said, XRP community, SEC made decent arguments and Ripple countered them. Well, certifying the appeal is a discretionary standard. Judge Torres can do whatever she wants if she determines the three statutory conditions are met and there is enough wiggle room for her to certify, he says. But as I predicted earlier, I still say the likely outcome is she does not certified mainly because of the prejudice to the humans involved. Brad Garlinghouse and Chris Larson, without the claims against them, I would have to say 100 percent chance she certifies. Lastly, this case has a political element. So if that is a factor for Judge Torres, I don't think it is, but it's not without reason to think the opposite. She can avoid that issue by certifying and putting the onus on the second circuit as the court can simply deny the request. So we'll see. I don't think the SEC has any chance here. You know, once again, they can go ahead and file the appeal. Nothing wrong with that. But will they actually get it through and get something done? I don't think so. I think Gary Gensler has lost the narrative. Optics look very bad for him. And I can't wait to see what the ruling will be with the Coinbase situation. And I think another loss will be really bad for Gary Gensler. Now, a quick word from our sponsor, and that is Uphold, which makes crypto investing easy. I've been using Uphold since 2018, so I can certainly vouch for this platform. They have 10 plus million users, 250 plus crypto currencies, and they're available in 150 countries. You can also trade precious metals and equities on this platform, as well as 37 national currencies. You can swap between different currencies with precious metals and crypto currencies. It's pretty unique. So if you'd like to learn more about Uphold, please visit the link in the description. All right, folks. Now, with Ripple acquiring Fortress, which is the custodian, and this was a big move by Ripple, of course. Well, some details are coming out that Swan Bitcoin's custodian was Fortress and that Fortress was hacked, apparently. And some customer funds were lost and Ripple in their acquisition had to step in to cover the customer losses. This is wild. Now, you may say, who cares? Well, Swan Bitcoin is run by a bunch of Bitcoin maxis. Max Kaiser supports it. The other guy, Corey, I forgot his last name, but these guys are toxic. I mean, they're going around calling everything a shitcoin. They're attacking other coins. They're always, you know, just doing nonsense. It's like their M .O., right? That's the persona they've taken over. But a lot of people recognize it. They're just just toxic, man. Just disgusting people. And lo and behold, the irony, folks, that Ripple came and bailed them out. Right. And apparently this was confirmed because Mike Belshi, who was who is the CEO of BitGo, who I've had on the podcast many times, he confirmed some of this and that the folks at Fortress Trust have not been clear about the lost funds and things that have been happening. And it's spilling over to BitGo because BitGo's clients are calling and saying, hey, what's going on here? Right. What's with the breach and all that jazz? So it's a mess right now. So it's pretty incredible that these Bitcoin maxis got bailed out by Ripple.
A highlight from Could This Cause Ethereum To 20X? (XRP Settlement Coming?)
"You know who's the star of 2021? Some say it was Ethereum. Ethereum, you know, blew up, had huge, huge gains, outsized relative to Bitcoin, but then when it fell, also fell outsized relative to Bitcoin. Well, it looks like ETH is trying to get another ETF on the board here. You know, got a lot of companies that started with Bitcoin, and now we have VanEck officially starting the clock for a spot Ethereum ETF. Bloomberg expects more ETFs to be filed in the coming days. The race for the spot ETF has officially begun after the Chicago board options exchange will ultimately start the clock for an SEC decision. Let's see, they filed these to be listed on CBOE's BZX exchange as the Chicago board options exchange and a pair of tweets. Looks like as opposed to the previously submitted filings, this filing means that the countdown is now in motion. The race is on saying, guys, this is a long, long deadline for now. We're not talking about next month. We're not talking about next week. We're talking about March of next year, three, two, three, three, two, three, two, four. No, no, five, two, three, two, four there. Keep scrolling, keep scrolling. ARK Invest and 21 shares teamed up to file the S1 of the SEC on the 2021. They were trying to do this years and years ago, but now maybe the SEC might take it seriously. On the 17th, SEC reportedly singled its intention to approve Ethereum futures products, while several firms including Grayscale and BlackRock are currently fighting to get the spot Bitcoin. So we have ETH futures, spot Bitcoin, and now we have spot ETF in the process right now. All right, so what is going to happen, though? Some people are saying approval is inevitable. You know what's also inevitable? The fact that you're going to hit the like button Hurry, hurry, I'm starting to count down three. You only have two seconds to move the mouse. You feel that? Oh my God, it's just a huge wave of relief and awesomeness just crashed over your body. All right, let's talk about this approval, though. Approval is inevitable. SEC Insider primes crypto market for a $15 trillion Bitcoin, Ethereum, and XRP price ETF game changer. These major cryptocurrencies could be headed into one of their biggest ever months. The one crypto watcher has said it's going to be crazy. He said it's going to be like a movie, man. Last night was a movie. Now, former SEC chair Jay Clayton has said eventual approval of a spot ETF is inevitable following the SEC punting a decision on the ETF filings from the managers who looked after a combined $15 trillion until October. Looks like he's maybe looking at the fact that they punted the ball. They didn't go forward on fourth down. That's for you, football fan. Maybe because they didn't say no, and they said, I'm going to kick the can down the road instead of saying no, he's saying a yes is inevitable. That's the signaling of the kicking of the can down the road. But it's not all roses. It's not all balloons and clown faces for Ethereum. There was a hack in this summer reporting. This is the largest fishing hack in history for Ethereum, at least. Looks like this crypto whale lost $24 million and staked Ethereum to a phishing attack. Looks like they were transferred into the fully automatic exchange fixed float. Never heard of it. Here we have Joaquin, Joaquin dancing down the stairs. Cryptocurrency whale has fallen victim to a massive phishing attack, losing millions in staked ether on the liquid staking provider Rocket Pool. According to Peck Shield, Fisher subsequently swapped the stolen assets for just regular ether and then a little bit of tokens here. So we cashed out 1 .6 million of it. According to scam sniffer, the victim enabled token approvals to the scammer by signing increase allowance transactions. Allowance permissions are a feature of ERC, which enables a third party to have the right to spend some tokens that belong to a different owner using smart contracts. Observers have warned against risk associated with approving allowances, noting that developers could deploy malicious smart contracts to scam you. The news comes after at least five liquid staking providers imposed or started working to impose a self -limit rule in which they promised not to own more than 22 % of the Ethereum staking market. They reportedly include Rocket Pool, Stakewise, Stater Labs, and Diva staking. So they're going to try to self -regulate themselves and become a little bit more decentralized, but just be careful out there. We're going to talk about a hit network employee that fell victim to recent loss of crypto. And that'll be at the end of the show, though. You're going to want to stick around for that. AB, you don't have to put me on blast like that, Deezy. Too late, AB. I just did it. Did it again. 787, 150 thumbs ups. Where are we right now? Are we at 169? We're at 159. We're about to cross 900 on concurrent. But yeah, 160. Definitely can get up over 200 very, very quickly. All right, Jason Foley. Deezy will be the man and one of my favorites. Hey, even though I'm folically challenged, I appreciate that there. All right, that was a bad one. That was a stretch. That was a stretch. All right, let's talk about Ripple. And then we're going to have that Ripple prediction. We're going to have a lot of fun with this, seeing the CTO. What is the secret roadmap for Ripple? We're going to try to guess. All right, but first, the chair lab slams Biden and Gensler off the top rope and to the announcer's table. Wait, no, no, no. Just slammed him verbally for having screwed up on crypto. The legal system is set to bring the crypto industry back into the game after the Biden administration screwed up its crypto policy. According to the founder, Chris Larson, one of the richest people in crypto. We're covering that in ATB. I think it comes in as number four or something like that. Four billion in Ripple assets, I believe he has. Larson also commented on the latest court judgment in favor of Grayscale over its application to convert its Bitcoin trust into a spot Bitcoin ETF, noting it really admonished the SEC in a way you don't really see very often. Basically saying the SEC, they use language you don't ever really see in this legal proceedings. It's going to be boring, verbose, legalese, real pellets and this and that. And it's legal, this mumbo jumbo. Now we came out with like a strong dissenting opinion, basically, you know, in slandering their name almost. It's like they drug them out on the front page TMZ, but this is like the legal version of it. I sincerely hope we're seeing the beginning of the end of the SEC's policy of regulation by enforcement. The courts are rejecting it. Now it's time for Congress to take the lead on crypto policy.
A highlight from The Next MAJOR ATTACK On Crypto Has Begun!
"If you're feeling depressed or demotivated by this crypto pricing market you're not alone and this is probably going to be the most important show that you're ever gonna have to watch because I'm gonna put it all into perspective for you. A lot of people think that it actually may be about the price but it's actually not about the price because from a price point of view you can argue that we're actually doing okay you know like Bitcoin is still at 26 ,000 if you take where we've come from from the beginning of the year we are still 67 % up which is not bad for a pre -harving year so it's not about the price. What it is it's about the sideways chop movement combined with these ongoing attacks that we have to endure in crypto all the time and if you look at the latest attack that we've got in crypto it's now the SEC actually coming after NFT so it's like it feels like whatever we do whatever innovation we make whatever we try and and come up with the SEC just comes out and attacks us and you know this is really really really what the depression phase is about it's it's almost like death by a thousand cuts it's not that that quick death where the prices go down but it's actually at this death by a thousand cuts and I saw this tweet over here I'll actually show you this tweet over here so I saw the tweet and it show and it shows us this Wall Street cheat sheet around the altcoins and if let me let me actually make it a bit bigger and you can see but you can see that it feels like we're very very very much now in the sideways slightly going down getting into that depression phase and the problem with this phase is that this phase is like running a marathon this phase is about the fittest survive this is about the people who have the most stamina and most people actually fall out in this phase of the market that's why it's called the depression phase it's a phase that is designed to test your staying power it's a phase that is designed to test your conviction in this market and let me tell you in the last bull market in the last bear market I dropped out towards the end of this phase and was one of the biggest mistakes that I ever made because by the time I got back I got back and I'd missed half the run but lucky I got back in time and I still managed to make some money problem is with this phase that this phase can actually last very very very long in fact if we look at the last time that this phase happened I saw a tweet here let's actually look at where this tweet is that it could take up to 400 I will look at it during the show but it could take up to 400 days for this phase to pass it's really gonna be a big test it's important that if you are feeling that way if you are feeling like you're losing a bit of interest this is the show that you actually want to watch this is probably the most important show that you ever that you that you're gonna need that we've made at this time and I like this tweet because what this tweet says it really summarized says says time -based capitulation is now in full effect no new inflows daily addresses are stagnant developers are capitulating NFTs are trending to zero the only true believers the patient and the redacted remain this is the actual opportunity zone but today is gonna be about capitalizing on the actual opportunity zone and making sure that we don't capitulate that we don't land up like all the other channels I'm gonna show you a lot of a lot of the things that I've done I'm gonna show you a lot of the things that I'm looking at that keep me motivated to be here to be making content every single day so let's do it guys and let me know in the comments what you're feeling let me know how you feeling in the comments let me know if you're feeling what I described let me know if you're feeling the effects of the capitulation phase of the depression phase let me know if you wake up in the morning and don't really feel like looking at your crypto let me know if you questioning why you're still around and maybe even looking for other investments or maybe other places to put your money and if you're maybe looking for other jobs I know James and Josh that I know that I know that they're looking for other jobs also because I get I see the internet access and I see that they very much on job sites I saw that James was on some gems are gay porn job site I mean is that what you want to go now bro are you forming a coup I'm gonna be looking for are you gonna do the same thing you're gonna do the same thing that bit boys team did to bit boy I mean I look let's just really talk for two seconds about this whole bit boy thing and we did speak about it yesterday I really feel bad for him because he has spent a long time building something amazing I mean he built 1 .45 million subscribers and I mean his team must have been really really really pushed to get him out I saw that they published a statement yesterday after our show after we broke the news right here on banter we said yesterday BJ investment holdings the parent company of hit network took decisive legal action in removing Ben Armstrong from the company and specifically the bit boy crypto brand this difficult decision is a culmination of a prolonged effort to help in during his relapse into substance abuse as well as the reconcile emotional physical and financial damage he has done to the employees of hit network and bit boy crypto look it seems to me I mean I read a couple of things here the first thing is they had a legal leg to stand on to get him out of the channel which is kind of strange because I would have imagined that he's a shareholder and if he is a shareholder how do you get a shareholder out of the channel like that's quite a big thing I always thought that Ben was actually one of the biggest shareholders in bit boy crypto how do you get a majority shareholder out but if you read between the lines of there obviously it's some legal leg to stand on the other thing is it felt to me or it looks to me like they really really really tried hard to help him and to get him right like a prolonged effort to help in during his relapse into substance abuse as well as to reconcile the emotional physical and financial damage done the other thing is that we haven't heard anything from bit boy and usually bit boy is the loudest voice in the shed I've texted him a few times and let me not lie to you and actually just check if he has responded to any of my texts usually he would get back to me very quickly when I when I texted him I think now maybe slightly different could mean that he's in rehab could mean that he's just been told by his lawyers not to say anything maybe listen either way as we said very very very publicly yesterday he came out as I said Ben is not owned by hit Network Ben being the coin or bit boy crypto it is managed by separate entity controlled entirely exclusive are Ben Armstrong and Duchess of DeFi who's Duchess of DeFi let's follow her so that is what he came out and said look we came out yesterday and we said I like the people at bit boy crypto they're hard workers with a great work ethic TJ and all the guys they are very hard workers with with a with a great great great work ethic I really hope they succeed in building the business we will help them wherever we can and one of the things we're actually thinking of doing let me know if you think it's a good idea or a bad idea but to help the guys on the channel because we really want them to stay alive and to survive this so one of the things that we are pushing or what we will do to actually try and help them is we actually gonna have a viewing party where we actually just log on and actually watch their show with our community like we do when we do the FMC so basically we'll just log in we'll create a stream and our stream will actually watch their stream and hopefully that'll give more people exposure to that channel and that will help the channels recovery because I really want to help them as much as I can I really think that these are good people who've really tried hard to build a business and you know addiction is a bad thing addiction is a really really really tough thing and we can't judge someone because they have an addiction I know some people don't understand what addiction is and they think that addiction is just about you know maybe having a bit of an extra drink or maybe taking one extra opioid it's not that it's when you come reliant on it when you become reliant on a substance it's very very very very very hard to get off and we're gonna do whatever we can to help the channel and help them get on their feet we'll even go the extra mile to to do that so yeah so let us know what you think in the comments also listen if you're new to our channel and or if you've come over from the bit boy channel to our channel subscribe to our channel welcome anyone's welcome here I also like this content let me know what you think of my idea to try and help the bit boy crypto team someone says addiction here is tough yeah we're all addicted so someone says have fun storming the car phone we all have addiction we're traders you know it we right we all have addiction we are all traders the problem is that now in crypto we ain't getting our dope immune fix that's the problem here we ain't even you know like we came to crypto because we like volatility we came to crypto because we like action now there's no volatility there's no price action there's pretty much nothing I mean let's look at let's we can look at the bubble so if you look at the bubbles not much happening today pulse down again I'll never I'm never gonna see my money out of pulse Tommy one of our sponsors up ten point three three percent flex is down seventy one percent now I really hope that if you had flex you did swap it for the the open X tokens because as far as I understand if you had flex and you didn't swap it for the open X token that means that your your token is actually now worthless and it is I mean if you didn't swap it is as if today users can no longer convert flex to open X during the token migration over 35 million flex was converted by users issue I have here I think flex is a hundred million tokens in circulations which means that 65 million people sickening supply 100 million 98 million that means that that 65 million token holders didn't actually swap unless that's part of the the company Treasury so as I said look if you look at the bubbles it's getting depressing we came here because Oh Casper's getting to a nice level hold on a second hold on a second whoa whoa everybody hold the phone Wow three point two cents for Casper this is maybe nibble territory this is maybe this is where I would maybe look to start nibbling into Casper maybe after show maybe after show I'll start in the bling into Casper so anyway going back to it and going back to what you said going back to what you guys said is we're all addicts here we come here for the dopamine rush the problem is that now we're not even getting the dopamine rush on the show it's boring there's nobody left here there are no more bulls everyone is bullish everyone is bearish no everyone is gone and that's the truth of it if you look at it everyone is starting to go you got the volatility the Bollinger levels they've been ever this is the lowest the Bollinger bands have been ever ever this means that we're at a point now where the volatility is gone and that is what was keeping us here in the market now the truth is anyone who's been in a market for long enough knows that when the volatility goes when the volatility comes back up there is an explosive move but the problem is will you be around to experience that move which is almost inevitable I'm going to show you why that move is almost inevitable the other thing we're seeing is that searches for crypto have gone down to absolute zero long story short no one's interested anymore people in crypto are starting to pivot out of crypto I even saw my good friend CTO Larson who by the way I love he's starting to make videos on Nvidia you know and and you know James has always made videos about about stocks it just shows that not much going on and as a result of the fact that not much is going on well that's this is this is what what we're dealing with now this is this is what we're dealing what we're dealing with now the volume has gone down to an all -time low I also saw this so the pace of USDC art flows in an average week they issue 1 .1 but they were deeming 1 .4 billion dollars worth of stable coins which means that actually money is actually starting to leave crypto and I'm going to show you in a second where that money is going and why this actually may be a good thing but important for you to note that you know you're not alone here because money is actually starting to leave crypto because I think it's because of the bottom because of the the the the sideways the sideways returns and stuff like that now what you got to know here is is this is the time when champions are made and I want to show you something here so this is the time where I read this tweeted time capitulation is in full effect new no new inflows the daily addresses are stagnant devs are capitulating NFTs trading to zero only true believers the patient and the redacted remain this is the true opportunity zone and what what keeps us here is you've got to have your eye on the prize you have to keep your eye on the prize and say no matter how tough this race is you have to get to the finish line of this race why because you've been here for so long and I'll never forget eight weeks before an Iron Man eight weeks before the Lisbon Iron Man I did I had a phone call with one of my friends I'd never swung before I could hardly run and I was I was quite a good cyclist and I had a phone call with one of my friends and he said to me I said hey what you know what are you doing it's I'm training for Iron Man I said where's the Iron Man he said no the Iron Man's in Portugal in Lisbon I said I'm in I went to a swimming teacher and I jumped in the pool swimming with my head out the water swimming teacher says to me I said can you have me ready in time for Iron Man she said yeah definitely I can have you ready in time for next year April which is the Iron Man in South Africa she said no I said to her no I said the Iron Man is in eight weeks she looked at me said you got no chance truth is though kept my eye on the prize trained and trained and trained and got to the race now as I arrived at the race in Portugal my wife phoned me said I'm going into labor with you with you she was in South Africa I was in Portugal my wife phoned me said I'm going into labor my son was about to be born I probably shouldn't have gone away because my wife was due that week and there was no way I could get back so I said to go to the doctor and tell the doctor to keep the baby in somehow what she basically did anyway the next day was Iron Man it was the hardest race of my life I was completely completely completely unprepared but what did I do I just focused on the prize I just focused on finishing the race getting the medal getting home and and and and going to watch my wife give birth and actually here is just to show you actually I'm not around a motorcyclist but I actually did manage to keep my eye on the prize and actually managed to finish the Iron Man and it was not a great time with six hours and 40 minutes but I managed to do it I managed to do it and I had to wear that those lycra's and shit like that so I guess the what separates the the boys from the men what separates the real athletes from from those who can't run and can't do anything else is the ability to keep the eyes on the prize and block out the noise in this time and if you look at who's actually keeping the eyes on on on the prize I read this tweet over here which is hearing rumors of pessimism creep into the market and certainly feeling it with friends that I speak to just a friendly reminder that the largest asset manager on earth are fighting to front -run each other on the ETF approvals for the spot Bitcoin ETFs and futures -based ETH ETFs you've you've just had validation the validation you dreamed of for years with respect to TradFi embracing fully the crypto future without even inclinations to embrace token with even inclinations to embrace tokenization of equities commodities and other sectors TradFi has never been more bullish whilst those who are crypto natives have never been more bearish now TradFi know how to keep their eyes on the prize BlackRock know how to keep their eyes on the prize they know that this is just a function of cycles and in a cycle you're gonna get ups and you're gonna get downs and unfortunately now we're going through a bad part of the cycle we're going through a bad part of the liquidity cycle and I'll show you in a second how that is how that is is affecting you but what what you can see here is you can see that what these guys are doing in the background is they are actually buying the miners okay so BlackRock is passively buying up miners for their index futures funds on behalf of clients because BlackRock is I think the was it the fourth BlackRock is a shareholder in four out of the five largest public crypto miners and I think it's the number two shareholders yeah BlackRock is ranked number two shareholder now ask yourself a question is BlackRock buying these mining stocks to flip them or is BlackRock buying these mining stocks on behalf of their clients because their clients are bullish on the future of Bitcoin it's exactly that their clients are bullish on the future of Bitcoin and that is why BlackRock is taking the opportunity to fill up their bags at a time like this so these guys are experts at keeping their eyes on the price now how long is this is this depression phase gonna last bad news is this depression phase may be like the Ironman that I ran six hours and 40 minutes of hell on the road okay I'll tell you one of the stories I finished this the swim I finished a cycle after the cycle you got a 21 kilometer run so you've just cycled for four hours or three and a half hours and then you've swam for 38 minutes and now you get out and you got to start running it was hot and I was running and there were a lot of supporters in Lisbon in Cascais and they started pouring water on us because I wanted to keep us cool but the water was going into my shoes and I was getting blisters I was getting bad blisters now imagine it's your first half Ironman you're running you're getting blisters it's the worst day of your life it is the longest race of your life now that is where we at at the moment this thing can last long I mean I went back to see how long this period was in the previous in the previous market and here it is if you take the top to the next time we breach that high 491 days it took 491 days okay now look maybe we've maybe we've we've we've got less in fact if you look at at this thing over here he says if we were to do the same thing we still need to go for 384 days to create a higher macro high and break 31 ,000 for good now I think that that's the worst case scenario I think that the markets changing the market structures changed but I mean you've got to keep your eyes open you got to keep your your eyes you got you got it make sure that you have enough enough gel packs and make sure that you have enough food and whatever else you need to go that distance and look maybe we go that distance maybe we don't go the distance but regardless make sure that you guys are packed make sure that you have whatever you need to actually run the dress we'll be here running with you well we will as a community we will all run together and when one of you feels one of you feels like like you're falling out we will all help you get back we will push you we will carry you we'll put our arms around you we'll walk with you we'll make sure that as a community we all get to the end of the race that's for sure we're gonna be a it's not about winning the race yeah it's about making sure we all get through this race together so that's it as I said there's a big boys the guys that are race fit the guys that have done a hundred Ironman because one thing one thing I saw when I was doing the Ironman is there's a big difference between people like me who came for the first time and people that have done this a million and one times the people that have done this a million one times they run and they look super relaxed and they smiling at everybody people like me who haven't done this before I was suffering I kept looking at people thinking am I gonna collapse is he gonna collapse is everyone around me those that had actually run the race many times those that were experienced they were smiling they were having a good time they knew exactly what was it and that's exactly what's happening here with Blackrock that's exactly what's happening here with all the the investors for me for you for everybody else here for every for all of us this is our first Ironman race this is the first time that I've seen contracting liquidity and increasing liquidity I didn't pay attention to liquidity increasing global liquidity increasing you you didn't pay any attention to global liquidity increasing but there are people that have done many many many of these races and they have been paying close attention to these liquidity cycles for a long period of time and they know that this is exactly a part of the liquidity cycle right now global liquidity is down when global liquidity is down and risk assets go down that's what it is there it is you can see it over there they also know that liquidity is a function exactly a function of Bitcoin is exactly a function of global liquidity here is US financial liquidity regimes and here is the price of Bitcoin the red indicates decreasing liquidity the green indicates increasing liquidity it's simple liquidity Bitcoin risk assets crypto is a function of liquidity right now global liquidity is decreasing because the u .s.
A highlight from Crypto Market Dip NOT OVER? (J. Powell Hints More Rate Hikes)
"We are here in the Bahamas working to make it right. If you can't have a millionaire, would you keep working? The commander is here. What's going on right now is California's trying to figure out if they can defeat the government that popped the pot. Yeah. Oh, I can. Welcome to BitBoy Crypto! Home of the BitSquad, the largest and greatest crypto community in all the Interwebs. No channel works harder to keep you in the know about crypto than this one right here. My name is Ben. Come to you live every single day at 11 .30am Eastern Standard Time. Exactly. Also known as 9 .40pm MST, is that what you call it? Mountain Time Zone. Anyways, regardless, I digress. We are here at RARE EVO. We've got our Bencoin booth. I don't know if you saw pictures of it on Twitter. Super exciting. And, you know, it really made me think when we got here about what was going on last year at this time. And I think that's really where I want to start before we get into the show is really thinking about last year, this event was in October. And it was very interesting. I just talked to Charles. Charles just gave a speech on stage. Charles Hoskinson, founder of Cardano, of course. And last year, him and I did an interview on stage. And the interesting thing that really occurred was not what people got to see. It's what people didn't get to see. The behind the scenes was so interesting. Because if you remember, I made my famous Sam Bankman -Fried rant around the middle of October. This event was towards the back half of October, if I remember correctly. And the thing is, I had already marked the enemy territory with Sam. And our bill was progressing. And I had sent my bill to Charles. And I sent everything that, oh, there's crypto India. She looks like a monkey. She's got a banana. The fact is that we're spending all of our time and our resources and, you know, really trying to put things into this bill, and I asked Charles if he would support it. Same reason we sent the bill originally to FTX. And, you know, there's different stuff going on, but the point is the conversation went kind of like this. Charles, I don't understand. Why do you not want to support our bill? Like either financially or kind of giving it a vote of confidence? And he said, well, you know, I don't think the CFTC is going to like it, is what he said. He's been, you know, on Capitol Hill on the behalf of the Department of Agriculture, which, you know, all crypto falls under. And he said, you know, but here's the thing. I've dug into what you've been saying about Sam. And he said, it's true. Sam is doing all the things that you said he was doing. And here's the line. He said, but, you know, in the end, he's Sam Bankman -Fried. He's going to mess up. He's incompetent. That's what he does. And let me tell you, you want to talk about an accurate statement. Look how everything played out last year. Like being here and talking to Charles a second ago, it just really reminded me of that event. But here's the thing. You've got bad actors, okay? And there's a lot of bad actors in crypto. We know that. But the bad actors, they almost, in a roundabout way, it's like one of those circular staircases where you can't ever find where it, you know, enters and exits. Where are the good actors? And where are the bad actors? And the thing is, is that the bad actors, they almost force the good actors to be shown and to be present. And I think that's what you've seen over this last year is with the contagion and with the Alex Wyshinsky and Sam Bankman -Fried, you know, you really start to see who the good guys are, and they're not who they told you they were. And, to me, being here at Rare Evo again and seeing where we've gone in the last year, of course, you got a lot of bad stuff, but there's something like Bitcoin that now, you know, we're running. We've got our booth here. Super exciting. And it's all about crypto adoption. It's about taking those things that, you know, aren't quite right with crypto, whether it's the public perception, whether it's the education about crypto, whether it's the government, the policies, regulations, or whether it's the media, you know, we've got a lot of stuff to fix. And this technology can be used for the good. And that's ultimately what's going to happen. It's just a matter of the good guys, I guess, outshine the bad guys. So, we're going to get started here. There's Wendy. Wendy, you want to come, just come be on the stage? Do you want a banana, you hungry? I must ask you a question. Where is Bitcoin going to? We're going to go to do our show later today, I think. Tomorrow. Tomorrow, yeah. Our show's tomorrow. We're going to film lots of episodes tomorrow. Yeah, we're going to do four. So, we're going to have four for you guys. And you're going to be wearing something, aren't you? Oh, yes, I bought an apron. Do you want me to wear a muumuu? I draw the line that started to look like a woman. It was a cat muumuu, but they had one in blue. Yeah, they did have one in blue. It is true. It's not the color. It's like a dress. I know, but you could have worn pants. You can't do it. It could have been like ATL shorty. Shoddy. It's shoddy. It's not shoddy. It's shoddy shoddy. Well, from the west side. I can tell. I can tell. ATL. Shoddy shorty. Okay, well, here's orange you glad that you brought that banana? Bye, guys. Okay, guys, let's go get started with MarketWatch here. As you do know, we did officially switch to CoinGecko from CoinMarketCap. Now, I can't really see the chat, I don't think. So, yeah. So, guys, I love you a lot. I can't see you today, but you get to see me. And we're probably going to, guys, we're probably going to plan on ending it about probably 12 .30 today. So we're going to go through the show kind of quick. Okay, so here we go. We are on CoinMarketCap. Okay, there we go. Is BJ manually switching this? He's in here. Okay, looking at the overall markets. By the way, CoinMarketCap did actually start fixing some stuff. So they did email me after my big tirade the other day. So we'll see what happens there. The market cap almost at $1 .1 trillion. You know, we were just barely over a trillion a couple of days ago. Volume, $36 billion. Bitcoin dominance, 46 .4%. ETH dominance, 18 .2%. I'm going to get a little more used to these CoinGecko numbers to know whether that's up or down. I don't even remember. Gas, 15 .0 Paraguay to send you an ETH transaction. And I hope you guys enjoyed us going live from this, thank you, we're going live from rare evo today. This is one of these things where, you know, the more we travel, the more we go to events, you know, we can have BJ with me. He's an animal with the tech. And there he is. There's BJ, ladies and gentlemen. So, you know, we want to be able to bring you guys more live shows even when I'm on the road instead of, you know, look, we love Deezy. He's great. He's here. But I know you guys don't necessarily want to fill in. And all my Deezy fans, I guess y 'all like around the blockchain anyway, so he's going to be going live or going to be doing a show from here as well. Bitcoin coming in at $26 ,000 approximately. Ethereum coming in at $16 ,400. Uh -oh. Scam. BJ, Scam Likely is calling you. Scam Likely is calling you. $16 .48. Let's see. Where is the old XRP coming in at $0 .51? Yeah, I mean, we pretty much wiped out the entire gain from the lawsuit. And I wasn't expecting it to retrace all the way, but I guess it kind of depended on how high that it went. If it had gone $3X, then it shouldn't have. It just doubled. $0 .50 to $1 and then, or whatever it was, $0 .45 to $0 .90, and now it's crashed back down. But, of course, that's a reaction to the overall market. A lot of people are really expecting a big drop here. And I'm just not. Like, I just don't see it. I try not to get too caught up in the narratives. And, yes, there are some things about the 4 -year cycle that do indicate that there should be more down action, especially compared to Ethereum to Bitcoin. You can chart it doesn't look good. But I almost feel like everybody talking about it, you know, it seems to sometimes negate that. When everybody's expecting a big drop, it doesn't really happen. That's the thing. When we got our big drop from $70K at the top, nobody was expecting that. When we got the FTX collapse, right? Out of nowhere, nobody was expecting that. And so right now, everybody's telling you a big drop is coming, and it's like Bitcoin just loves to defy the narrative. It fits within the fundamentals of the 4 -year cycle, but in the micro, Bitcoin likes to defy. So, or defies, I may say. Let's see. Albert Condi with Superchat. I actually have the chat now. Yobin, you guys have lawyers on your payroll, right? Of course, with all the legal attacks from the US government, I want to watch some streams of discussions with lawyers who know crypto. Okay. That might be something we could, you know, might be better for maybe pre -recorded video rather than live streaming. Live streaming would be good too. But, yeah, thank you for the Superchat. Turn noise cancelling off. What does that mean? Is that us? Okay. One. What are you doing, BJ? No. BJ says no. BJ says no. We can only do the best, guys. What do we got? So next time, BJ says we're going to be a little bit even better prepared, so. We got RollBit coming in, 19 .7 % gains. If you guys did not know, RollBit is kind of a competitor to Stake in a sense, so we can't be covering RollBit really too much on this channel other than to say, look, the price went up, went up 20%, nice pump, and it's one of these things that's been running in the bear market, and it's obvious because people just want to gamble in the bear market because there's not a lot of gains to be had in the crypto world, so unless you're shorting or leverage trading, so RollBit's one to watch. Now, you know, Stake doesn't have its own coin, which is very interesting. I doubt they would ever do that. I don't think it's somewhere they want to get it, something they want to get into. But, you know, are we seeing a decentralized version kind of pop up? We'll have to see how RollBit goes. We have some coins up, barely. Big Ed token, Quant, Mantle, Polkadot, DYDX. So, alright, so let's go ahead and move on. Don't forget, guys, in here at the booth over here, we have a ton of Bitcoin merch. You guys, don't forget to check out hitmerch .com. We got an entire Bitcoin collection. So, you know, it's some really cool merch. Hope you guys check it out. I'm going to be in a dunk tank later, and I guess I'm probably going to see if we have some Bitcoin tank tops and shorts for me to get in the dunk tank with. It'll be everywhere now for charity. Alright, guys, moving on here. US Fed's Jerome Powell and Jackson Hole prepare for more rate hikes, so kind of serious, kind of, kind of not necessarily unexpected news, but they are really committed to, you know, lowering these rates and getting inflation under control, at least making it appear that it's under control. It's kind of like this. It's like, you think of quantum easing or quantitative easing, you can kind of think of it as like a superpower for the Fed, I guess, right? Like, what happens is, you know, I used to remember this game we used to play, right? All the boys, the boys, we go to the arcade. There are two games, really three games, that were four -player games that people just loved when I was a kid. You had The Simpsons. Simpsons was a four -player arcade game. It's pretty cool. Whatever. One of my favorite one, but I did beat it because that's what I do. I'm a winner. You also had Ninja Turtles. Ninja Turtles, man, what a great game that was in the arcade. Man, 4x4 action, you and your buddies, birthday party, you know, go to a big place like, you know. We used to go to a place called American Adventures, but there's other places, Dave and Buster's. And so what happens on this X -Men game? They had this X -Men game. And that was the game we all loved more than any of the other ones because it had this cool superpower. You kind of like store the superpower up, and you are willing to go all the way down to like one bar of your energy. You just take the hits, take the hits, take the hits, because you knew the maximum value of when you use your special power that will blow up everything on the screen was worth it. The appeal to use the quantitative easing for the federal government and Jerome Powell for the Federal Reserve is more appealing than the temporary hits that the economy is taking. They know as soon as they turn the quantitative easing back on, that they're going to be able to fix everything just to mess everything up again. But that kicks the can down the road, right? So they're willing to take the hits going down to no energy, your economy not do well, there's tons of stats showing our economy is actually worse than the Great Depression right now. It's all fake, and it's all smoke and mirrors. That's what the government's learned to do better over time is create the optical illusion that everything's fine when it's clearly not. So, Jerome Powell is, you know, basically saying like, hey, here's the thing. Let's see if this is all part of the optics. We're going to keep raising rates. It's what has to happen for us to get inflation under control. There's no such thing as getting inflation under control, guys. Our money is worthless. There's nothing behind it. It's going to happen again. Powell revealed that the Fed staff intends to hold the interest rates at a restrictive level until they are confident that inflation is moving sustainably towards a 2 % target. They made their remarks at the Economic Policy Symposium, also popularly called Jackson Hole Symposium, or Jackson Hole Meeting, posted by the Federal Reserve of Kansas City. I actually took a picture outside that one time when I was there for a Chiefs Finals game. Prior to the speech, traders were anticipating the Fed chairs' comments on the long -term economic scenario amid the ongoing macroeconomic uncertainty. So, there we go. And, of course, Bitcoin price hasn't, doesn't seem like it's really done that much for the Bitcoin price one way or the other. Okay. So, also, guys, we have IRS spares, crypto miners and validators and new broker reporting requirements. And, you know, here's the thing, guys. I told you that this thing about who's a broker in crypto, right? It was in some language of the big Digital Currency Act that got, you know, implemented a couple years ago, and everybody was worried about this broker language because it was going to affect miners. I told you the whole time, guys, the system has a lot of different fail -safes in it, okay? And so when you see one of these stories like China banning Bitcoin, like, okay, cool, you know, it's not that big of a deal. I knew this broker stuff in the United States. I knew it was going to end up not being a big deal. The language was not clarified in the bill, but I said it would get clarified later. And here, you have the IRS saying basically exactly what I just told you, is that even though the bill said one thing, this is what the IRS is going to do and how they're actually going to legislate and regulate this, or I guess the IRS just keeps up with the money. How are they going to hold it financially accountable? The Department of Treasury released its highly anticipated proposed regulations for crypto currency brokers. Notably, it's chosen to exempt individual validators and miners under the proposed rules. And this is big for DAOs, too, guys. Under the proposed rules, crypto brokers will have to adhere to the same rules as securities brokers, including filing information returns and furnishing pay statements for all customers and traders. The Treasury stated that the proposed changes aimed to curb crypto tax evasion and prevent crypto investors and businesses from getting an unfair advantage. Biden said there's as much as $18 billion left on the table. We all know he wanted that so he could give it to Ukraine or his son could squirt it up his nose. The rules that passed would go into effect 2026 for the 2025 tax year, which is absolutely huge because the 2025 tax year is the year to harvest the gains, right? That's when the bull market is going to be thriving, probably ending somewhere around the summer of that year. So, let's see. Yup. You guys, we're in a big room here. This is what happens when you're live at a conference, is what it is. Okay. Alright. Let's move on here to the XRP trial here. And you guys know our XRP section is always brought to you by stake. You know, in my opinion, some of the best bread that exists is a golden crown. Golden crown has got these rolls there. Now, they don't have anything else that's good, but they've got these rolls. They're immaculate. They're so good. They're buttered. They're fantastic. And it really makes every other roll that you've ever had just taste mid. So, BJ, please play the mid roll. Thank you to our sponsor, Stake. Thank you to our sponsor, Stake. Also, thank you to Rare Evo as well. Okay. Why the SEC vs. Ripple trial may never happen. Insights crypto from lawyer Fred Rispoli. Talked to Fred a few times. Good guy. The SEC vs. Ripple Labs lawsuit has been a significant battle in the crypto world. On July 13, Annalisa Torres, the judge, delivered a complex ruling. It wasn't really that complex. Prominent crypto lawyer Fred Rispoli took to microblogging platform X. It's like calling Bitcoin the flagship cryptocurrency. Like, the microblogging platform X. Is that really what we're saying now? Come on. Ryder, I know you get paid for word, but come on. I can do better. Desiria's belief that the trial between the two Ripple Labs executives may never take place. Here's why Rispoli thinks so. Pressure tactics. He argues at Garlinghouse that suing Garlinghouse and Larson was a strategy to pressure Ripple into a weak settlement position agree 100%. Witness challenges. Imagining key SEC figures on the witness stand. Rispoli believes figures such as William Hinman and Jay Clayton could be tied to their roles in the Trump administration, which might not sit well with a New York City jury. Proving reckless. Rispoli questions about how the SEC could prove recklessness regarding institutional sales when the defendants can point to programmatic sales as being acceptable. Weak evidence. Of course, the evidence concerning domestic vs. international sales is considered weak. Reorganization of the SEC's trial team. They've already been making some internal changes to their trial team in this case. Back -to -back trials with the SEC's tight trial schedule may hinder its ability to focus on this case. It's one of these situations where Gary Gensler does not want to let go. He does not want to let go of this. But he's going to in the end see that this is a losing battle for him, and he's got to make the choice to move on. It's a hard decision because it basically means that everything he's been talking about, his entire stint at the SEC, is nullified. And what does that mean? That means that he himself becomes replaceable because he's been in charge forever and he's done nothing. That's the whole point. It's why we need someone to replace him. And the writing is on the wall for him, and he is going to fight until the last second, but at some point, he's going to have to give up the ghost because he's going to start getting pressure from people outside of him. When he starts feeling that pressure, that's when this is going to be over. The lack of bargaining chips. He's just as he has no bargaining chips left if the judge denies the motion for the appeal. So the Interlocutory Appeal, definitely something to watch, something to pay attention to. We had to find out and see, you know, where Judge Suarez rules on that. Alright, guys. Moving on here to Robinhood. And where do we have charts on there at all? Are we going to do charts at all today, BJ? We have it. It's on there, Ben. Did I go by? Where is it? It's after this. Okay. Okay. Perfect. Yeah. Okay. I got it. Okay. Oh, I see it. There it is. It's on my screen. I missed it. Can $1 .9 billion in expiring options shake the markets? You know, guys, we're getting to a place of decision point for the market. We're getting to a decision point. Bitcoin options expiry days come around again. And, guys, the end of Quarter 3 is going to be the end of September. That's going to be a, like I said, a decision point. Where is Bitcoin going to go? Are we going to continue upwards? And are we going to see things slowly ramp up to the halving? Do we need another bloodbath, another dump? Certainly don't see new lows come into play anywhere. But are we going to see a dump down to 20 before we have our resurrection point? It's all very interesting things to think about here. And if you look at traditionally when we were in the bull market, man, the end of those quarters would be absolutely brutal. They would destroy some of the pumps that we had. Now, we're on the backside. Now, we're in the bear market. Will the options within everyone's bearish attitude, will these actually counteract and go the opposite direction and cause a big pump? I certainly think it's possible. We could see that. Now, what does that mean? Well, the pain point for bulls and bears, the middle ground is $28 ,000. So at some point, it's going to either push up above $28 ,000 or it's got to show that $28 ,000 seems to be unachievable in the moment. Right now, with Bitcoin at $26 ,000, of course, it seems achievable. But are we going to dump down lower and make $28 ,000 kind of out of the picture again? We'd have to go below $25 .2K and hold below that. Here's some of the options. You guys can see here what this looks like right now. We are, you know, heading into the 1st of September. This is the 25th of August here on the left side. That, of course, is, yeah, the 25th of August. That's Friday. That's today. That's actually today. Today is, no, no, sorry, today's Thursday, right? No, it's Friday. It's Thursday. It's Friday. It is Friday. I forgot what day it is. We didn't do the show yesterday, so it got really turned off. It is Friday. Today's the day they expire. So, guys, we'll be watching for some interesting action. You know, see, you know, if Bitcoin is going to pumper down based on all this. Right now, it's holding strong. The overall market cap around $1 .1 trillion. So it doesn't seem to have that big of an effect so far. Okay, so let's go and move on to the charts.
Monitor Show 13:00 08-25-2023 13:00
"Looking, you told me you were looking for, you were looking at a Rolex GMT Master II, which apparently is more expensive when it's used than it's new? Right, because if you buy a used one, you can get it today, right? I was looking at one of Wilson in Scarsdale yesterday, they had one for $16 ,000. If you buy it new, it's like $10 ,700. But you have to wait a few months, maybe a few years. Anyway, very interesting story. For Simone Foxman, I'm Matt Miller. This is Bloomberg. Joe Matthew starts right now. In four years that Biden has been there, people are going to say, I was doing better then than I am now. Bloomberg Sound On, politics, policy and perspective from DC's top names. So you got to work to get people back to work, but not only that, but to higher paying jobs. The Russian threat is being degraded and unfortunately it's being degraded at the cost of Ukrainian lives, blood, treasure. Bloomberg Sound On with Joe Matthew on Bloomberg Radio. He's already selling the mugshot. Welcome to the fastest show in politics. As Donald Trump's campaign begins merchandising the mugshot seen round the world after the former president surrendered in Atlanta, we'll look at the many trials he now faces with Bloomberg legal reporter Eric Larson and with Dave Ehrenberg. He's back with us today, the state attorney for Palm Beach County.
A highlight from 1375: MAX KEISER: Bitcoin Will Rocket to $3,000,000
"Holla at your boy. Lots to cover as the crypto bloodbath continues in today's show. I'll be breaking down the latest technical analysis, as literally there was a billion dollars worth of liquidations. We'll also be discussing SpaceX Bitcoin right down, sparks a massive confusion. The question is, did Elon and SpaceX really dump three hundred and seventy three million worth of Bitcoin, or is it nothing more than FUD? We'll also be discussing U .S. Congressman issues a warning on CBDC says they pose an existential threat to Western civilization. We'll also be discussing tornado cash loses its lawsuit against the U .S. government. I'll be breaking down this report, as well as breaking news. The judge grants the SEC request to file a motion for the appeal with the Ripple XRP case. And Max Kaiser, our fearless leader, quoting him here, Bitcoin has already and will continue to outperform everything else so spectacularly by one hundred X or more that anyone holding fiat stocks, bonds, gold and all the coins, property, etc., will literally be impoverished. 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 rumble channel at CryptonewsAlerts .net. Again, that's CryptonewsAlerts .net. And welcome y 'all just joining us. Now let's dive into our market watch and check out this insanity of this bloodbath currently going on in the Bitcoin market. You should be able to see on your screen. Let me know in the chat. Bitcoin's currently just holding on to twenty six thousand one hundred by a thread. We've already touched in the twenty five thousand range. We're still down six percent for the day. Ether down four percent, trading at sixteen hundred dollars. And some of the biggest losers naturally is some of these alts. XRP down thirteen percent, barely holding on to fifty cents. We have Solana down seven percent, trading at twenty one bucks and also XLM and Litecoin are in the blood red. And checking out CoinMarketCap .com, the current crypto market cap sits at one point zero five trillion dollars, but about seventy billion in volume in the past twenty four hours. So the volume is up roughly fifty eight percent. We've got the Bitcoin dominance at forty eight point three percent, with the ether dominance at nineteen percent even. And checking out the SOT 100 crypto gainers in the past twenty four hours, probably not much, just what you see here. We have AKT, which I have never heard of, up thirty three percent, trading at a dollar thirty nine, followed by Injective up seven percent, trading at seven dollars and seventy eight cents, followed by Tether Gold, which I have never heard of, barely in the green, trading just under nineteen hundred dollars. And virtually the entire crypto market is bleeding in in the red with the biggest losers, including Conflux, Litecoin and XRP for the past twenty four hours. And if you check out the top losers for the past week, yikes. I mean, we're talking about anywhere from ten to twenty, even as high as thirty percent losses, not looking good right now for the alts. And checking out the crypto greed and fear index, we're currently rated to thirty seven, finally back in fear. We have been stuck in neutral and greed for the bulk of the year. We're finally back in fear. Yesterday was a fifty neutral, last week a fifty one and last month also a fifty in neutral. Now, welcome to everyone just joining us. Someone earlier asked in the chat and they're like, yo, smash that down arrow button, dislike this video because he's sharing predictions of millions of dollars. Meanwhile, there's a bloodbath in the market. And I responded like I'm not losing any sleep over this dump. All I do is continue to stack sats and I sleep like a baby. Why is that? Because I'm not an ish coiner. I have the most pristine cryptocurrency, decentralized, incorruptible, unconfiscatable crypto, and the only one that there is and that is Bitcoin. So why everyone else is crying and panicking? I'm stacking sats. I just spent an entire day at the pool with my daughter having a grand old time. I'm not sweating it whatsoever. And I think if you're a Bitcoiner, you feel the same way because one Bitcoin is still equivalent to what? One Bitcoin. Who cares? The fiat crap, you know, value equivalent. It's irrelevant. One Bitcoin will always be equivalent to one Bitcoin. And with that being shared, let's dive into today's Bitcoin technical analysis and check out some of these blood charts we're witnessing right now. Bitcoin stayed near two month lows at the August 18th Wall Street open as the markets came to terms with extreme liquidations, which we can see here not looking so great. And data from Cointelegraph and TradingView showed Bitcoin price action tracking sideways after a single day candle spawned an 8 % loss. Bitcoin saw a cascade of liquidations across the derivative markets, which is used as a financial weapon of mass destruction, with these accounting for an outsized majority amid the relatively lack spot selling. Quoting QCP Capital, In Deribbit, it is likely that a large account got wiped considering the immense short liquidation that occurred together. And as you can see here, shorts are getting wrecked. I mean, so many positions are getting wrecked, obviously. Now, QCP, like others noted that the market reaction to the alleged trigger are right down to SpaceX's $373 million on their Bitcoin holdings, which appeared to be exaggerated. And in our next story, we're going to be diving deeper into this. And is it just all FUD or is there any truth to this story? Now, the total liquidations challenge those seen in the immediate aftermath of the FTX exchange meltdown, the event which resulted in Bitcoin dip into two year lows and the current low of the cycle, which is $15 ,600 back in November of 2022. Quoting the Kibisi letter, This feels like yet another sign of drying liquidity markets have seen over the last few weeks. And for popular trader Rec Capital, here's what he had to share. Bitcoin formed its higher high at $31 ,000 on inclining volume, but the price formed the second half of its double top on the declining volume. And an accompanying chart showed trading volume on the daily timeframes, as Rec Capital warned that capitulation had likely not yet matched the previous selloffs. Quoting him again, Though there was a small breakout in the seller volume on this crash, it is still nowhere near the seller exhaustion volume levels of the previous Bitcoin reversals in which he explained. In fact, current seller volume would need to probably double to reach those seller exhaustion volume levels that prompted the price reversals in early and late March, as well as mid -June. Meanwhile, others were more optimistic as pointing out to the RSI. Every cycle, including the weekly Bitcoin RSI experiences, a fakeout of the bull market start line comes lasting longer than others, and every one of them makes a revisit to the 0 .382 Fibonacci retrace of the move. And with the latest drop, both of those things are now complete. And also QCP points out, We believe that a low now rests on Powell's speech at Jackson Hill next week. And so there you have it. How low do you think the Bitcoin price action is likely to go during this dump? Let me know your honest thoughts in the comments right down below, which leads us to our next story of the day. Let's discuss everything SpaceX and the FUD circulating in the markets right now. What exactly is causing this mass liquidation of over a billion dollars of positions to be liquidated just like that? Let's break it down and let me know your thoughts also in the comments. SpaceX's Bitcoin write down report on August 18th sparked mass confusion within the crypto community. The report published in the Wall Street Journal puzzled many. Keep in mind, that's the mainstream who questioned whether SpaceX held 373 million bucks worth of Bitcoin and sold it in 2021 and 2022, or whether they only reduced their Bitcoin exposure by the same amount. Several social media outlets reported that SpaceX had sold this entire Bitcoin holdings. Maybe that's what crashed the market, while others expressed uncertainty, claiming they were unable to confirm the amount based on the wording of the report. As pointed out here, I actually read the Wall Street Journal report, and I think Bitcoin magazine is wrong. Yes, the report claims that SpaceX marked down the value of the Bitcoin by 373 million, but that doesn't mean they sold 373 million and sold some, but selling some doesn't necessarily mean they have no Bitcoin left. And I think they make a great point. Then Elon Musk, well, he revealed this in 2021 that SpaceX was holding Bitcoin as does Tesla on his balance sheet. And while Tesla's Bitcoin holdings were made public, there were no estimations around the SpaceX Bitcoin holdings, which have been key to the ongoing confusion. Tesla once held 1 .5 billion worth of BTC purchased during the bull market, but revealed it has sold 72 % of his holdings in quarter two of 2022. The SpaceX write -off claims were also believed to be one of the key catalysts behind the 2000 Bitcoin price drop, although several others denied that being the cause. Musk hasn't addressed the issue as of yet, but the market FUD made him target of Bitcoin proponents who questioned his strategy of buying high and selling low, while a few others called it market FUD. What are your thoughts? Do you think this is nothing more than mainstream FUD published by the Wall Street Journal specifically to tank the markets? Very interesting thought, right? One Reddit user wrote that Musk is running out of cash across all of his companies, suggesting that Musk might sell all of his Bitcoin and doge within the next six months. And users on X also called out Musk for his paper hands, which we commonly make fun of him for quoting them here. Musk appears to be going to toe to toe against Bitcoin and his ex empire. I wish him well, although I don't think this is wise. That's coming from Dr. Jeff Ross. While the dilemma around SpaceX Bitcoin holdings continues, Bitcoin proponents advocated traders to huddle Bitcoin and not fall for the market FUD. I think that's a great point. As pointed out here, SpaceX didn't sell his Bitcoin and neither did Elon Musk. Now sit back, relax, and just some intelligent guys getting $700 million in longs. Don't leverage, be patient, and just huddle. Sage advice, as we all know, huddle be thy name. And when in doubt, try to relax. Get your mind off of the price action. Like I said earlier, I spent the entire day in the pool, soaking up those sun rays here in Puerto Rico, and I'm not losing any sleep over these dumps. I just will continue stacking sats and counting my blessings because I'm a Bitcoiner and not an ishcoiner. And again, the ishcoins are the ones that get wrecked when Bitcoin drops 8%. Some of these altcoins will drop 10, 20, maybe as high as 30%. So that's the wreckage, you know, comes with the territory, no risk, no reward. Obviously, altcoins are very risky, but hence, when they pump, they could be very rewarding at the same time. So you got to find an equilibrium, right? Anyways, now let's discuss the existential threat, says Congressman regarding central bank digital currencies, better known as CBDCs. Let's break this baby down. And again, welcome to everyone just joining. Make some noise in live chat. Let me know where you're tuning in from. This is a very good warning coming from US Congressman Warren Davidson, warning that the central bank digital currencies, better known as CBDCs, can result in a dystopian future. Facts. The Ohio Republican tells his 80 ,000 ex -followers he believes that CBDCs could transform money into a powerful means of governmental control and plans to introduce legislation to criminalize the development of these types of assets. So everyone, please show this Congressman Warren Davidson some love, because I don't know many other congressmen coming out sharing that. And we all know this is fact because we're bitcoiners, quitting him here to make the point crystal clear. I am working on legislation to criminalize designing, building, testing, developing, or establishing a central bank digital currency. CBDC poses an existential threat to Western civilization by corrupting money into a tool for coercion and control. Now, sound money serves as a stable store of value and an efficient means of exchange. Now, Davidson also says he wants to prohibit CBDCs because they threaten other digital assets such as bitcoin and pitting the development of beneficial financial technology, quitting him again. Central bank digital currency poses a serious threat of all digital assets. As I said at a flyover fintech, many people wrongfully conflate even bitcoin with a CBDC. I'd say the average individual knows no difference because they're completely ignorant to cryptocurrency. But if you watch the show, you already know CBDCs are pure evil programmable government money and bitcoin is the antidote. Now, at least most agree that CBDC is evil, the financial equivalent of the Death Star. No, that's true. Now, don't become an accomplice to anyone designing, building, testing, developing, or establishing CBDC. Banning CBDC is essential to America's fintech future. Davidson calls out several entities currently working on CBDCs, including Ripple Labs. That's right. Tokenized assets are not the problem, it's the people. Entities, including the Fed, Ripple, and Consensus and influencers are actively working on CBDC projects. So it's no secret. The congressman says the CBDCs are the complete opposite of decentralized finance and vows to prevent their adoption, quoting him again. Current CBDC versions are centrally managed permission database dependent on digital ID. This is the opposite of DeFi, where the entire computing architecture is designed to protect privacy and enable permissionless peer -to -peer transactions. 100 plus countries are studying, developing, or implementing the same creepy surveillance state technology as China. So there you have it. You have been warned. I warn you virtually every single day on the show to stay away from CBDCs, as Bitcoin is the antidote, and we don't trust the government, and we don't trust their fiat money. Why would we trust their digital version of government fiat money? It would make no sense whatsoever. But anyways, fam, now let's discuss the conclusion regarding the tornado cash lawsuit. Unfortunately for the community, the government won. Then we'll discuss the latest with the Ripple XRP appeal, followed by the latest predictions from Max Keiser, suggesting Bitcoin will continue to outpace every other asset and climb another 100x from the current price, virtually predicting a $3 million Bitcoin price action. And then we'll dive into our live Q &A. So yeah, let's discuss tornado cash. And how many of you have ever used it before? Do let me know. Tornado cash is the most well -known crypto mixing service sanctioned by the US Office of Foreign Asset Control last August. The decision was a result of a long -lasting spat between the regulator and the crypto mixer dating back to at least 2018, when two persons of special interest in the US government were found to be using its services. Now, although crypto mixers do indeed appeal to cyber criminals, their main purpose is to grant extra privacy to those who want it. In order for a crypto mixer to work as intended, the number of beginning users must be much higher than the amount of bad actors using it, with no sizable amounts of assets to mix. The operation falls flat. Now, is this with the distinction in mind that Coinbase supported tornado cash's appeal against the sanctions? Well, as pointed out here, the rights are rarely secured on a path that is always up, and we will continue to believe plaintiff's challenge to OFAC's tornado cash action is right. We have always known that the Fifth Circuit Review is required to resolve these issues. So this is ultimately Coinbase pushing back and saying, hey, this isn't right. The government shouldn't be allowed to do this. Now, also keep in mind that according to the court documents, Torquato Cash's argument focused on its definition as a decentralized open source software project made of smart contracts on the Ethereum blockchain. However, the minting of torn tokens administrated by the tornado cash DAO led the government to believe otherwise. And although DAO is a technically autonomous, the court argued that whoever holds the most funds has the most voting power and therefore re -centralizing decisions in a roundabout way. The case was presided by Judge Pittman of the U .S. District Court for the Western District of Texas, and motivating his decision to turn down the lawsuit, Judge Pittman stated, in the eyes of the U .S. government, tornado cash is indeed an entity with a property interest, and therefore the OFAC sanctions of the crypto mixer do not qualify as governmental overreach. Quoting them here, this case is about tornado cash, but the parties disagree on how to characterize tornado cash. Plaintiffs argue that the designation of tornado cash exceeds the department's statutory authority over foreign nationals' interests in property and violates the free speech clause. The government, on the other hand, argues that tornado cash is an entity that may be designated and that it has a property interest in smart contracts. So unless further arguments are brought forth, tornado cash will remain on the OFAC's specially designated national list, which prevents the entity from doing business with the banking sector and a wide range of businesses. So there you have it. What are your thoughts on this? Do you think this is unlawful and overreach of the government bodies in the SEC? Let me know your honest thoughts in the comments right down below. Now let's discuss the latest with the Ripple lawsuit versus the SEC. As many of you know, Ripple Labs did get a slight victory, and it was determined by Judge Torres that XRP was not being sold as an unregistered security, as the SEC deemed. And so, however, Gary Gensler is not accepting that the SEC is not accepting the verdict from the judge and is ultimately going to be appealing this decision. So let's now break this one down, shall we? Yeah, very interesting indeed. Check it out. Judge Torres has granted a request from the US SEC to file a motion for leave to file for the interlocutory appeal in the case against Ripple Labs. The security regulator sent a letter to Torres August 9th Well, duh. But according to the US law, this appeal occurs when a ruling by trial court is appealed while other aspects of the case are still proceeding. The decision allows the SEC to file a motion by August 18th, which is today, requesting permission to bring a case to the US Court of Appeals for the Second Circuit. Ripple will also be able to file an opposition to the motion. Now, the decision comes just a few hours after Ripple Labs voiced opposition to a potential appeal for the case. Ripple lawyers put forth three main arguments in opposition to the SEC request. They first argued that an appeal requires a pure question of law and that the SEC's request raises no new legal issues that need to be renewed. They also argued that the SEC's claim of an incorrect court ruling on the matter is not sufficient and that an immediate appeal will not advance the termination of litigation proceedings. Quoting their CEO, Brad Garlinghouse, reminder, the request for appeal, even if granted, doesn't change the fact that XRP is not a security. That's not up for debate or trial, but the SEC continues to claim that Chris and I acted recklessly in believing that XRP is not a security. Yada, yada, yada. Now, Torres ruled on July 13th that Ripple's native XRP token is not a security when distributed in public sales, aka exchanges, but that the ruling considered XRP a security and institutional sales. Interesting. The case against Ripple has been ongoing since December of 2020. Holy moly. When the SEC sued Ripple and his two chief executives, including Brad Garlinghouse and Chris Larson, over allegations that the company was offering an unregistered security. And in a recent interview with Bloomberg, Garlinghouse shared his belief that the SEC would face a lengthy appeal process, putting him here, as a matter of law, the law of the land right now is that XRP is not a security. And until there is an opportunity for the SEC to file the appeal, which could take years, frankly, we are very optimistic. He noted, and according to Garlinghouse, an appeal against the retail sales ruling would only further solidify the decision that Torres made. So there you have it. You also have to keep in mind for this to go to the appeal and do a whole new trial could take years. So in the interim, meaning in the meantime, meanwhile, XRP is not a security unregistered security being sold on the exchanges. So all the exchanges have the permissions to relist it. And in fact, a lot of the major exchanges have already relisted XRP for this reason. However, if they have another trial, let's hypothetically say three years from now, and after another trial, the judge changes the ruling and it's deemed an unregistered security, then it can be like deja vu all over again, like going back to 2020, it gets delisted from all the exchanges. And to me, that is very scary. And you can thank No Clarity Gary for that one. So how do you think this is likely to play out? Do you think the SEC is just wasting their time? I mean, I personally look at it this way. The SEC has unlimited resources. They have all the money in the world, the money printer, you know what I mean? Will continue to go burp for their needs. And so they can virtually do anything they want. I think it's overreach. Obviously, it's the crypto crackdown. Unfortunately, it's likely to continue. However, I think the lawsuit against Coinbase and Binance, et cetera, can help set precedent, just as the XRP lawsuit has. And I think that thus far, it's been a win for crypto because the SEC is not getting their way. And of course, they're not going to be happy. Of course, they're going to appeal it. Of course, Gary is not going to give us what we want and protect the investors whatsoever because they're just protecting their own pockets at the end of the day. And that's just the reality of the life that we live in here in the crypto sphere. But with that being shared, fam, let me know your thoughts. And now let's break down our main story of the day. And that's Max Kaiser predicting that the Bitcoin price will rise to $3 million. We don't care if Bitcoin is crashing because we're in this for the long haul. So cry me a river, y 'all. But with that being shared, yeah, first, let's start with this quote he recently shared on Twitter dated August 11th, which got 62 ,000 views. He wrote, Bitcoin has already and will continue to outperform everything else so spectacularly by 100 X or more that anyone holding fiat stocks, bonds, gold, all the coins, property, et cetera, will literally be impoverished. Very powerful words. Now, at the time he made this prediction, Bitcoin was close to 30 ,000. So what is 100 X times 30 ,000? That's $3 million per coin. And now quoting him from a more recent interview he did with Swan, maybe about a week or so ago, I posted this on X, formerly known as Twitter on, let's see, August 12th. So the following day after he made that post, it got 131 ,000 views, fam. And here's what Max Kaiser had to share. With Bitcoin, it's kind of the end of price discovery because everything will eventually be priced in Bitcoin. Everything goes to zero against Bitcoin. Bet you heard that one before. And so for someone like myself who has been following this for 40 years, the finance markets, technology, Bitcoin is the holy grail. It is the end all preach. I would say my compatriot in all of this is Michael Saylor. When you hear Michael Saylor talk, he talks about the aesthetics of Bitcoin, the beauty of Bitcoin. And he speaks about it in a way I think carries the torch from the Max and Stacey from 2011. Now he started buying it, I guess, when it was 10 or $12 ,000 or so in 2020 era. So we were there from 2011 to 2020. And I think he's kind of carried the torch from 2020 in a lot of ways and introduced Bitcoin to massive pools of capital, including to Elon Musk. Note that. I'm surprised that more companies haven't followed his lead, giving the breakup of inflation that we have had exactly as Michael Saylor predicted. The melting ice cube, as he called it, at the exact time and exactly what happened. Well, I guess we can say now we're in an era where BlackRock and these other major institutions are now looking at Bitcoin. So his work on the institutional level, I guess, is bearing fruit. Now, three years later, I see in the Middle East, they are starting to recognize Bitcoin. So that's a huge pool of capital. Yeah. And I think that all that oil money will find its way into Bitcoin and be a huge catalyst for higher prices. So it's a natural way for the oil industry to diversify their portfolio because Bitcoin is essentially energy and the energy eventually gets priced in Bitcoin. And there is a marriage between these two in a big way. So there you have it, his first big prediction that the oil industry is going to diversify into Bitcoin and he continues. So I think that's kind of the answer. I have always been fascinated by price discovery in markets and the architecture of how markets work under the hood. And Bitcoin is such a pristine, perfect money. And I think it's something that humans have been searching for since forever. And now we're seeing it change society on a really fundamental level with the introduction of Bitcoin. Now, a lot of people are freaking out because of it, because it destroys the status quo, preach. And a lot of people who have been waiting for it to come along and had the faith that humanity can be saved. Thank God. I honestly feel humanity would be doomed without Bitcoin. All we have to look forward to is CBDCs and the enslavement of the human race. Now, anyways, continuing, they see Bitcoin in those terms. So you have this split going on, which is very exciting. So it just continues on and on. And how could you not be interested in it? I think the people who were into it earlier, aka Roger Ver, and walked away just never got it from the beginning. Once it's categorized as an asset class, we have nothing to do except position ourselves in this asset class. So either we are going to have a small position or a big position, but we cannot ignore it. We cannot not have a position. Now, listen closely here. So even 1 % of that multi -hundred trillion dollar funds available moves the needle on Bitcoin and it moves it up considerably. He's referring to the five, six, seven hundred dollar or five, six, seven hundred trillion dollar total addressable market. And he continues. So if we get into the five or 10 % range, then you start to really see a raise ahead to the seven figure type predictions that people have been making, including myself, because it is an asset class. But on the flip side, we have what we saw in the gold market, which is the ability to control price discovery and manipulate the prices. And it's real through the derivatives markets. Pay very close attention to what he shares about derivatives here, fam. This is how the powers that be and the central bankers continue to manipulate the precious metal market. So the price of gold has been lagging inflation for 20 years because the government around the world doesn't like gold making their fiat money look bad. So they make it easy for the huge funds to manipulate the price of gold and to scalp and to continuously skim profits off of gold, which is what they do almost every single day. You can watch it and see it. In fact, it's pretty clear. And they are very good at keeping the price of gold and silver down. There's something like for every ounce of silver, there's probably 50 ounces worth of derivatives floating in various exchanges around the world that are used to keep the price of silver down because governments don't want gold to race ahead to draw the capital out of their fiat money scam and into gold. Makes a great point, right? And with Bitcoin, we have the ability to pull our private keys, which is not really available with gold. Technically, people can take delivery of gold on these exchanges, but there's never been an organized attempt to do so preach. And also, let's not forget that the majority of the gold in the world is hoarded by the central bank. So keep that in mind, fam. Anyways, back to Max's quote. We tried to do it a few years ago. It crashed JP Morgan by gold and silver because after the 2008 financial crisis when JP Morgan ended up buying Bear Stearns effectively for nothing, they inherited this multimillion short silver position that Bear Stearns was managing at the behest of presumably the government. The government likes to stay involved. And so I did some calculations and it became clear if this short position was not covered and the price of silver got to $60 or $70 an ounce, it would bankrupt JP Morgan Chase. So we started this crash JP Morgan buy silver campaign. We got the price of silver from 15 bucks up to $50. What a legend. So we got it up to the old Hunt Brothers $50 level. And then the Fed of course came in and they changed the laws overnight to make it possible for these banks to have and carry much greater short positions on silver. So they printed up a lot of paper silver derivatives and they stopped the run on their bank and the price went back down to $15 or so. So we have seen that it is possible to force capitulation to the silver market, but at the end of the day, because of the ability to pull private keys, it is not like it is with Bitcoin. I don't think it'll ever succeed. Whereas with Bitcoin, you can pull your private keys. So there you have it. Very powerful words coming from Max Kaiser. And that's 100 % accurate. And why I don't trust the precious metals myself. Now, if Bitcoin and cryptocurrency didn't exist, I'd be all in on gold and silver because what other option would there be? But because there is Bitcoin, there is no second best as Michael Saylor once said, like real talk. Am I going to trust my life savings in gold when the powers that be can just manipulate it on a whim? In fact, they have been caught doing so, so many times. How many times has JP Morgan had to pay billion dollar or hundreds of millions of dollars in fines for being caught manipulating the precious metal market? I think that will continue. Now, Bitcoin is the only incorruptible money, hence why it is perfect money. There is a finite limited supply. And I mean, there's no greater alternative. There is no second best quoting the great Michael Saylor. And don't forget to check out crypto news alerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode.
A highlight from RIPPLE FIRES BACK AT SEC XRP RULING APPEAL! COINBASE CRYPTO FUTURES & CONGRESS SEC PROMETHEUM
"Welcome back to the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google, please leave a five star rating and review. It supports the podcast and it doesn't cost you anything. Well, folks, we've got big news coming out in the SEC versus Ripple lawsuit. So Ripple has filed its opposition to the SEC's anticipated motion for leave to file an interlocutory appeal. Now we know the SEC is attempting to appeal some of the rulings from Judge Torres. And here's what Stuart Alda Roddy, chief legal officer at Ripple, tweeted out. He said, we oppose the SEC's request for an interlocutory appeal. There is no extraordinary circumstances here that would justify departing from the rule making or the rule requiring all issues as to all parties to be resolved before an appeal. Here's what Ripple CEO Brad Garlinghouse had to say regarding the SEC's attempt to appeal. Reminder, the request for appeal, even if granted, doesn't change the fact that XRP is not a security. That's not up for debate slash trial. But the SEC continues to claim that Chris and I acted recklessly in believing that XRP is not a security. That's utter nonsense. He continues here saying the judge's July 13th ruling said that the SEC would be put to their proofs at trial regarding their claim against Chris and me. We look forward to proving the SEC wrong as a matter of fact and law again. So Ripple, they're not putting up with the SEC's nonsense and rightfully so. We're seeing Ripple and the entire industry going up against the SEC fighting back Coinbase is fighting back Grayscale and many others, even Binance US. There is news of Binance US complaining and highlighting that the SEC is just making stuff up as they go. They're not abiding by the law, as we've seen many times, right? Even Judge Sarah Nutburn in this Ripple lawsuit said the SEC lacks fateful allegiance to the law. Wow. Just imagine that a judge saying that about a government agency. It's pathetic what the SEC is doing. We need Congress to act. Now Attorney John Deaton weighed in on all this and he had a lot to say. So I'm going to read his first tweet. He said, remember everyone, Judge Torres allowing the SEC to file a former motion doesn't mean that she is agreeing to allow it to appeal. The immediate issue is only whether she allows the SEC to write a more detailed motion. For example, she allowed me a motion to intervene, asking her to force the SEC to formally sue thousands of individual XRP holders, which is way more uncommon than an interlocutory appeal. She then later denied the motion to intervene, but allowed me to serve as an amicus counsel instead. John also says here regarding the response from Ripple, excellent response. The even stronger argument will be coming next from Brad Garlinghouse and Chris Larson's attorneys related to the SEC's request for stay. If it wasn't for the Rakoff ruling, and he's talking about Judge Rakoff in the Terra case, I would lean toward Judge Torres denying the SEC's request to file a motion for interlocutory appeal. The SEC doesn't come close to meeting the standard justifying an early appeal, but with the Rakoff ruling out there, her allowing the SEC to write a formal motion will give her an opportunity to further demonstrate why her decision is sound and based on evidence or lack thereof, thus making her decision even more appeal proof. So I actually interviewed attorney Fred Rispoli. I published that interview earlier today. If you haven't seen it, check it out. We break down a lot of the SEC's approach to the appeal. What are the percentages and the likelihood of them winning an appeal or just going to get denied? And I think everybody sees that the SEC can certainly try to appeal and Judge Torres may grant their motion, but it doesn't mean they're going to win the appeal. It doesn't mean the secondary court is going to allow it as well. So I don't think the SEC is in the driver's seat here. I think Ripple is still in the driver's seat and them pushing back will even delay this whole thing further out, years.
Monitor Show 14:00 08-14-2023 14:00
"This is sort of before they were born or cognizant, so he's gonna have to move it up a bit Even the millennial of a fake Ramaswami a little bit behind the times the fake I'm psyched I have so much to learn still so it's basically like he was singing Glenn Miller tunes up there is what you're saying Jeannie, thank you so much Rick and Jeannie Our signature panel the best in the business we thank you Kaylee lines is on the way next as we recover from that our to sound on starts, right? You 24 Broadcasting hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg radio Now from our nation's capital this is Bloomberg sound off Former President Trump has a protected constitutional right to make statements Even if the statements are knowingly false Israel is a democracy a third of the country has been protesting these judicial reforms Bloomberg sound on politics policy and perspective from DC's top name less of a desirable investment target because of their own Economic issues I would hope that both the Senate in the house and get a plan in place and avoid any kind of a government shutdown Bloomberg sound off with Joe Matthew and Kaylee lines on Bloomberg radio They say the indictment is set to drop in Georgia just a question of which day welcome to hour two of Bloomberg sound on as prosecutors in Atlanta put the final touches on what's expected to be the fourth indictment against Donald Trump And we'll get the latest from the court from Bloomberg's Eric Larson He's still in Atlanta and discussed with former federal prosecutor Michael Zeldin as we count down to the next chapter The next legal chapter for our former president Congress is on summer recess, but there's already a difficult conversation about supplemental funding Made more urgent by the fires in Hawaii and needs in Ukraine.
Monitor Show 13:00 08-12-2023 13:00
"All right. Great stuff, Gita. Super appreciate it. Always wonderful to chat with you, Gita Ranganathan, Bloomberg Intelligence Senior Media Analyst. That's this week's edition of Bloomberg Intelligence on Bloomberg Radio, providing in -depth research and data on 2 ,000 companies and 130 industries. And remember, you can access Bloomberg Intelligence through BI Go on the terminal. I'm Alex Steele. And I'm Paul Sweeney. Stay with us. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Search and rescue operations continue around the clock in Hawaii, where the death toll from the Lahaina wildfire has risen to 80. More victims were discovered yesterday in the rubble of the Maui resort town that was destroyed by a raging wildfire this week. One volunteer, emergency Leila Larson, says the reality is far more grim than what's being reported. People are lying dead in the streets out here. Hundreds of people are dead. I don't know what's really on the news, what they're saying. It's devastating. It's horrible. They had no warning. It happened so fast. The winds were so strong. The brush fire is now the deadliest natural disaster in Hawaii's history. Residents of the Northwest are being warned to prepare for excessive heat. Western Oregon could set temperature records on Monday and Tuesday with highs over 100 degrees. It'll also be unseasonably hot in Seattle with highs in the 90s. The hot weather is leading to red flag warnings and fire weather watches because of winds and low humidity, raising the risk of wildfires. House Republicans are slamming the appointment of a special counsel in Hunter Biden's criminal tax case. A statement from the House Judiciary Committee said Delaware U .S.
Monitor Show 13:00 08-11-2023 13:00
"Doing something and that wasn't widely known. And then it's also unseemly. So I don't I don't know that that's really going to have any blowback on Jared Kushner scandals. All right, Ryan, thanks so much for joining us. Really appreciate you on this. What's now turned out to be an incredibly, incredibly busy August Friday as this breaking news comes out that there has been a special counsel appointed to the Hunter Biden probe for Simone Foxman. I'm Matt Miller. This is Bloomberg Sound on with Jack Fitzpatrick starts now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Now, from our nation's capital, this is Bloomberg Sound on. Former President Trump has a protected constitutional right to make statements, even if the statements are knowingly false. Israel is a democracy. A third of the country has been protesting these judicial reforms. Bloomberg Sound on politics, policy and perspective from D .C.'s top names. China may be less of a desirable investment target because of their own economic issues. I would hope that both the Senate and the House can get a plan in place and avoid any kind of a government shutdown. Bloomberg Sound on with Joe Matthew on Bloomberg Radio. You just heard it. The attorney general, Merrick Garland, announcing that he's appointing David Weiss to be a special counsel to investigate Hunter Biden, the son of President Joe Biden, over his taxes and that gun charge. We will get all the latest, including very shortly from Eric Larson, Bloomberg's legal reporter, on what exactly that means and what comes next. But of course, first, we've got to get our market report with Denise Pellegrini. And we do check the markets for you all day long at Bloomberg. It is one o 'clock, one on one on Wall Street.
Monitor Show 14:00 08-07-2023 14:00
"Just met heaven that way. Wow, I'm guessing that they eat fried Twinkies. That's how they get that big. They eat a lot of fried everything at the State Fair. Let's take a look at you guys there. I know. Rick Davis, Jeannie Shansano, thanks for going to the fair with us, as always. It's kind of like one big county fair here in Washington, right? I'm Joe Matthew here in the nation's capital. Kaylee Lines is on the way. She wouldn't go near any of that stuff. Hour two of Sound On starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Now from our nation's capital, this is Bloomberg's Sound On. Nixon's Watergate was like a lightning bug. Trump's behavior is like a lightning storm. He is using hardworking Americans' dollars to fund his legal bills. Bloomberg Sound On. Politics, policy and perspective from D .C.'s top names. This is the most serious charge ever brought against a former president. He will be trapped in a courtroom for two, three weeks at a time during the height of primary season. Bloomberg Sound On with Joe Matthew and Kaylee Lines on Bloomberg Radio. The DOJ wants limits on what Donald Trump can say about the evidence against him. Welcome to hour two of Sound On as the Trump legal team faces a deadline today on the DOJ's proposed protective order, which we will discuss with Jimmy Grule, former assistant U .S. attorney now at Notre Dame, after we get an update from Bloomberg's legal reporter, Eric Larson. Back to the campaign trail later this hour with Bloomberg senior national correspondent Nancy Cook getting a lot of talk here about the DeSantis hit. The DeSantis camp, I should say, hit by Grule.
Monitor Show 13:00 08-04-2023 13:00
"Maybe that was a function of the market, because I know that I've spoken with my former print colleagues as well, and we just say, you know, it's nice to be talking to people, hearing the conversations that others are having on the phone, and then it brings you together. My personal thing is the more back to work, the better, the more back to the office, the better. I don't know if that's five days or four days or three days, I'll let the smart people figure that out, but you've got to be in part time, I think, I don't know, we'll see, it's going to evolve. This is Bloomberg. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act, this is Bloomberg Radio. Now, from our nation's capital, this is Bloomberg Sound On. An indictment was unsealed, charging Donald J. Trump with conspiring to defraud the United States. This is the first former president to be charged with trying to steal an election. Bloomberg Sound On. Politics, policy and perspective from DC's top name. I think we've seen Pete Trump, I think it's downhill from here. I think it's premature to totally rule out Donald Trump. The question is, what's more important, him staying out of prison or getting elected to the president of the United States? Bloomberg Sound On with Joe Matthew on Bloomberg Radio. Donald Trump calls on the Supreme Court to intercede. Welcome to the fastest show in politics. As the former president reacts to his third arraignment in four months following the court date yesterday, now calling on the high court to help in his legal battles, calling the onslaught election interference. We'll have the latest from Bloomberg legal reporter Eric Larson with insights today from David Weinstein, partner at Jones -Walker. New numbers on the Republican campaign trail. We'll check the landscape in the state of Iowa today, where the battle for second could be the real contest.
Larson dominates for third NASCAR All-Star race win, takes home $1 million
"Kyle Larson took the NASCAR Cup Series all star drivers to the proverbial woodshed at the historic North Wilkesboro speedway and handed out a meeting. Knowing how good my car was, I wanted the second segment to play out exactly like you did. I just wanted a long run to the end. No drama. And that's what happened. He took home the win and the $1 million winner take all paycheck. Larson is the only driver to win three all star races at three different tracks, but can see that Sunday's victory was extra special on the resurrected speedway that hadn't seen NASCAR action since 1996. If I had to pick one of any of them, I think winning it historic track like this, you'd be in the first Cup Series winner since 96 is probably the coolest coolest thing. Bubba Wallace tried to chase Larsen down, but didn't have the speed to catch up. I even hit it on the head, you know, really all season, so to run second of them is not a bad thing, but the run second all star race. Sucks. His teammate Tyler Reddick finished third. Jerry Jordan, North Wilkesboro, North Carolina.
Byron wins Goodyear 400 at Darlington Raceway after Chastain wreck
"Opportunity knocked and William Byron kicked the door down, taking advantage of a late race kerfuffle between leader Ross Chastain and Kyle Larson as they battled over the same real estate on the track and both crashed, bringing out the caution. Baron surged ahead on the restart, driving away from Kevin Harvick to win the NASCAR Cup Series race at Darlington Raceway. Harvick overcame a difficult running car to finish second, admitting that he didn't have enough speed to pass Byron on the final restart, finishing third was chase Elliott. I'm Jerry Jordan.
Hintz has 2 goals, Pavelski scores again as Stars take 3-2 series lead over Kraken
"The stars are up three, two in their second round series, following a 5 two home win against the kraken, Dallas took control on goals by Wyatt Johnston and rupa hints, one 38 apart in the first 5 35 of the game. Hence also scored in the third period after Seattle cut a three zero deficit to three two. Joe pavelski and Roddick fox are also tallied backing Jake got injured 29 save performance. Adam Larson and Jared McCann had second period goals for the kraken, who will try to avoid elimination at home on Saturday. I'm Dave ferry.
AP Sports SummaryBrief at 1:25 a.m. EDT
"AP sports I'm David Shuster at the NBA playoffs continued Sunday with four games in Memphis, the Lakers took a one game to none lead with a one 28 one 12 win over the grizzlies LA with four players scoring 20 or more points. In Milwaukee, Jimmy Butler had 35 points Miami defeating the bucks one 31 17 in Phoenix Kawhi Leonard had 38 points. The clippers over the sun's one 15 one ten and in Denver, the nuggets defeated Minnesota, turning to baseball, Garrett Cole, tossing a two hit shutout the Yankees blinking Minnesota to nothing, coal is now four and oh, it has a Shane mcclanahan as Tampa Bay down Toronto 8 to one, other ale winners Boston Baltimore and Texas, national league, the Phillies had 23 hits pounding Cincinnati 14 to three, other NL winners, Arizona, St. Louis, Chicago, and Milwaukee, while Washington, Atlanta, Seattle, and the mets won an inter league action. Goff Matt Fitzpatrick won the RBC heritage classic in a playoff over Jordan Spieth and an auto racing Kyle Larson won on the NASCAR circuit. I'm David Shuster, AP sports.
Larson pulls away from Logano to win at Martinsville
"Kyle Larson picked up his first ever win at Martinsville speedway holding off Joey Logano to bring home one of the coolest trophies in NASCAR, the Martinsville grandfather clock. I'm not in the clocks or anything like that. So being that it's a clock doesn't add any significance to me, but I think every time you look at it and you look at it, it'll remind me of the ten years of struggling. I've had here. Larson led the funnel 30 left of the race after Logano stayed out with old tires on the late caution. He said he could no longer keep Larson's Hendrick motor sports own. Number 5 car behind him. He caught me so quick and there's still 25, 30 to go, and I was like, I don't have a chance here, but I'll make it wide for a while. The wind also marks the first time the number 5 has won at Martinsville since 1984, finishing third was Martin Truex Junior. I'm Jerry Jordan.
"larson" Discussed on WDRC
"Find it at large. Larson. Com. Welcome back for the Lawrence Larson Joe, I want to tell you something. These vaccine mandates in the mask mandates, but mostly the vaccine mandates. Tremendously destructive. I've been hearing over the last several weeks from doctors from nurses from individuals who are paramedics who are firefighters who are police officers who are all looking at losing their jobs because of vaccine mandates. It's almost as though the Liberals cannot get enough crisis out of the current pandemic as it stands, so they've decided to amplify the crisis by getting rid of some of the most critical jobs that are done in any society, getting rid of the cops and firefighters, the paramedics, the doctors, the nurses, and now it turns out that some people are getting fired for even asking. About what their companies stands his on religion, vaccination and the Equality Act. David Hacker joins me Now He's an attorney with a group that we've recommended to a number of people called the first Liberty Institute, David, It's good to have you back on the program. Thanks for having me on Lars. So tell me what the state of the law is on this as you have Americans who are being told. Take the jab or you lose your job. No exceptions. Oh, yes, We have a vaccine mandate. But don't you dare even ask about it. That's right. Well, most Americans are covered by the Federal Civil Rights Act, which prohibits employers from discriminating against them based on their religious beliefs. What we have here with our Alaska Airlines case is essentially the cancelling of employees who like you said, simply asked a question as to why the company was publicly.
"larson" Discussed on WDRC
"Out Lawrence Larson. Com. Welcome Back to the Lars Larson Show. It's a pleasure to be with you. And I'm glad to take your phone calls and your emails. I'd like to see you vote in a Twitter poll because Honestly want to know how people think about this. The Joe Biden comes out and declares that 50% of America's electricity will come from solar power by the middle of the century. So we're talking about 38 years from now. Sorry, 28 years from now, in 28 years, we're going to increase the amount of solar in this country from 3%. 2 50%. We're talking about a gigantic increase in something that only works as a subsidized form of power unless, and there are two ways to make it happen. One is you dramatically reduce the amount of electricity that the country needs. The most direct way to do that is wreck the economy, which Joe Biden seems to be doing and then some the second way you can do it, I suppose. Is that you can simply say we're going to. We're going to make sure that the federal subsidies keep going and we just crank out solar panels, except we won't be cranking them out. It will be the Chinese who will be cranking them out, which I think His further proof of the allegiance that Joe Biden and his family has have for their masters in Beijing. Because the Chinese communists put millions of dollars and Hunter Biden's pocket. He shared it with dear old dad, the big guy, and as a result, Joe Biden has been doing things that are good for China, For example, I mentioned earlier tonight in Afghanistan, We abandoned Bagram airbase. It cost Americans about $10 billion to build that base. If you say Well, how does it cost $10 billion to build an airport? Well, they built two big runways cost 100 million each all by themselves. We built all the control facilities and all the housing for I think about 2500 people that we had house there. So you're talking about a huge amount of money there. We build a full on prison in which we held Isis. Terrorists until the Taliban turned them loose, and we build a full fledged hospital with operating rooms and everything else so $10 billion to build and operate an airport. And guess what? We gave it to Afghanistan, and we're already hearing hints tonight that Afghanistan is going to say to the Chinese, their new buddies they're going to say, Hey, you need an airfield. We don't have any operating aircraft because we've got to maintain these aircraft that America left behind. If you could help us maintain our helicopters and the airplanes that the American taxpayers so generously gifted through Joe Biden to the Taliban terrorists. You help us maintain the aircraft, and we'll give you a base right there to operate from. And of course, the Americans are not operating from that base anymore. If you think about what that was worth as a strategic Asset. Have Bagram air base, not just for the evacuation of Afghanistan. But if we had been able to hang on to that we had an airbase near Communist China very valuable, kind of like the air bases that we have in Western Europe, the kind of air bases we have in South Korea. That in in Japan in other places, very handy to have those assets don't have them anymore. So here's Joe Biden saying, We're going to get to 40% solar within 12 years, and he doesn't bother with the math or the physics or where we're going to buy the solar panels or any of that. He just says we're going to get there. Don't see it as happening. I don't see it is desirable. I love the sun. It's wonderful. It provides life for all of us. But it only shines about one third of every.
"larson" Discussed on What Difference Does It Make
"Was also a singer. Billy did you ever see his photography. I think it was like large women. I think was what i bought the book. He was so cool. I mean he's kind of a role model for me For a bunch of reasons one of them is that if he wanted to do something and it was going to ruffle feathers or break boundaries and paradigm. He just went ahead and did it. That book got him in huge trouble. As as you may remember if you were into it at the time because he was photographing women in settings clothings that are traditionally reserved for man within the traditional jewish religion and he got in huge trouble with that a couple of philanthropic organizations kicked him out or at least you know stopped having him sponsor them and still are stuff like that and he just went ahead and did it anyway. Because it's it's the art that he wanted to make. I also love how he several times. He was able to reinvent himself from scratch. And i told him that when i was talking to him and i remember he said well well i have to. I find it's it's just necessary in life you have to. You can't avoid it. You have to reinvent yourself at least three or four times. it's there's no avoid. That was really good wisdom to receive from someone that i really benefited from hearing. Someone say that yes. It sounds a lot like you how to reinvent myself. Yeah that i wanted to. That's for sure so when you do go on a tour. Is this like you do a package to you. Know like is it all like eighties and nineties bands. Get together or is it. How does information society to were. We've done a lot of shows a lot of a lot of other eighties axe recently With a bunch of times and the book of love think was it may not work for minimum. Pats remember we did a few shows with the cutting crew and wang chung but only parts of each of them and they were playing together and they they were trying to come up with. What would be the name for this combination of wang chung in the cutting crew and of course the one i want them to use was the wang cutting. But you know as funny as that sounds. They didn't go for it and I remember they eventually settled on but we did a few shows with them a lot of other bands like that but when we go to brazil it's pretty much just us. Yeah okay. Wow yeah like these package tours. Sometimes you you get like three or four songs to play at that usually how it work. That's more like a track show We don't do so many of those anymore. There've been a few free style reunion events in york city over the last ten years or so Where it's more like that. We do one or three songs but for the most part where either doing full concerts when it's just us or when we do the the package things it's between six and ten you were on tommy boy. Which did you feel like you fit in or no. We didn't That was the whole story quest. Is that why you don't fit in. How cool that's it. You didn't want to be like oh queen latifah digital underground. I mean it didn't matter whether we wanted to be. There was no way we would have known how to sit in with that crowd. Was there a bidding war it all back in the day like or was it. Tommy boy wanted to sign. You know we got one offer and we're gonna them. Yeah yeah and then we got lucky. That tommy boy Happened to become acquired warner brothers so we ended up being a warner brothers. Act because timing with time realized that especially was was going to be danced singles and that pop music album. That wasn't really contained within the freestyle. Genre was not something they knew how to handle so they kept the part of the businesses involved putting out the singles and they gave the album promotion to warner brothers and put it on their reprise label q. Screeches current larson harland we. I was using my middle name for a long long long time as my last name got married. My wife and i both changed to larson's i changed back. And she changed larsen so we just wanted to injure names together so we should call you. Kurt larson that. Guess if you want to don't call you late for dinner. Yeah no common. Kurt valentine i dropped that okay came up with an highschool on really embarrassed r. Tolkien thing i'm gonna go bye. Thank you so much. Take care okay. So we got a little bit about The music industry a little bit about the video game industry. We heard all about it. From kurt larson a little bit about leonard. Nimoy demori as well. Who doesn't want to hear good leonard moisture but thanks to railroad in rabi publicity for hooking us up. Begged occurred larson from information society. The album is called odd fellows and it is out. Of course please check us out on social media and subscribe to our youtube channel. You can find some stuff on there that you may not here in the podcast. So on youtube we are. What difference does it make. Podcast and just subscribe any joy. I will do just that. What difference does it make is a proud member of the pantheon. Podcast family tilburg fibers days. Business all over now..
"larson" Discussed on What Difference Does It Make
"larson" Discussed on What Difference Does It Make
"Like piecemeal took my He started in two thousand fifteen in started like once in a while. Get the guys together and record something or send it back and forth. How did this album come together. Well we've been using the same method to make songs now since probably the mid to late os which is when paul feels like it and has an inspiration or has any spare time. He'll record tracks at his studio. He'll get them up to sort of a pre-production state and then he'll send it to me and either he does or doesn't already have ideas for lyrics melody to the extent that he doesn't i provide that and then i come in and sing the song when we get to a sort of critical mass and they to put out an album. They meaning paul and our manager than we go through the effort of doing it for a while. we tried only releasing singles. Because i'm way more into the sort of modern internet content than than they are. And i tried to convince the name of the game now is is no longer selling albums to make money. That's dead the name now is to maintain attention to benefit us. The most we need to maintain a sense that we're an ongoing concern. That is still doing stuff regularly. So that people have an incentive to pay attention and that that would behoove us a lot more than putting out an album every three to five years in between which no one would think about us at all so we released a couple of singles on that for five months schedule. But then you know the lure of putting an alabama man me too much and now putting on another happened to find with information society singer. Kurt larson we're gonna take a break and be merry go. She is a grammy nominated. Folksinger and songwriter. And she just read a book which is part memoir and part how to write a song. It's called saved by a song. The art and healing power of songwriting pleasurable. Read because we kind of learned about her life through her songs a love her most popular songs and even some songs that inspired her and she tied it into her life. She kind of walked us through the songwriting process. And what is needed to create a memorable song if the great lesson but also she has such an interesting story herself initially a restaurant tour and later in life. She made a left turn and became a songwriter paved by a song. The art and healing power of songwriting is available at your local bookstores. Yes we loved the indie bookstores. but we also love. I love audiobooks. So if you go to audible it's available there. It is highly recommended. That's mary go as save by song the art and healing power of songwriting and minds crash. Get it now all right so holly we just had some fun playing a new online game. We played this game nine truths. It's a game where you anonymously answer. True and false questions you can do it on your phone or your laptop. Setup is super easy takes less than a minute and then you guess how many of your group answer true and you score points based on how well you know your friends. It was fun to hear some of the stories. Like i had no idea that you could burp. On-command yeah well. Congratulations now there. You do know that like the game says there are nine questions. You're playing games and like. How long is this game. This is not monopoly. This nine questions true or false questions. Depending on the group you can pick different topics. I picked dinner party. There's nine truths for schools. Age appropriate for kids and teachers are family. We do these online games. I never heard of nine troops before but now that we've played it. I'm going to suggest that we go to nine truce game. Dot com backslash. W d d. I am and give it a go is for. What difference does it make log onto ninety s game. Dot com backslash wd..
"larson" Discussed on What Difference Does It Make
"Doing we have an official fourth member. Now you know i. Yeah how did how did that come to be. Well it was it was a real windfall for us. We were traveling along during a thing and This guy in arizona. Name zeke beluga reached out to paul said. Hey i liked chickens band. I do video here. Look at this thing that i made in. Paul said yeah. That's really cool. And they kept talking. And then zeke just took it upon himself to make a whole video background accompaniment for an entire live. Show that we were doing in philadelphia. Like a hole fifteen songs show. He said oh shirks. Here's eighty minutes of video. That i made go ahead and play it tuned to each song. Everything he just did that on his volition you know and we thought god damn that's cool and that relationship continued and finally we just have one on onstage with us and run live video. So he's been doing that with us for a long time now and a few years ago we said you know we gotta stop pretending that seeks. Just you know a temporary employers something. We couldn't do a stage show without him anymore so he went himself fat in the band. What is his title you guy we. We didn't understand in the mid. Does that it was coming on the time when you just couldn't have a live show without a video presentation. We we probably wouldn't have seen that. Coming and zeke did So thank god for him you know or we would be doing these live shows and there's no video and it was gonna don't you have any video no were too old and tired but s. ten years younger than us or something like that and had more energy but you did understand the visual presence. Those early videos are very colorful and vibrant at a lot of energy was pure. Yeah well ask. Leonard suspects this energy of being impure. Yup i mean. We understood the value and video. We liked it and all but what we didn't know is that it would become actually necessary. We had always seen video as a nice extra. Yeah but i mean anyone hearing. This should feel free to disagree with me. Maybe i'm wrong. But i got the impression sometime ago that in the modern era you kind of have to have your presentation. I'm sure there.
"larson" Discussed on WDRC
"This is Lars Larson. Welcome back to the Lars Larson Show. It's a pleasure to be with you. You know, my dentist has reminded me for a couple of decades that You have to take good care of your teeth, and it's not just about your pretty smile. It's about making sure that you don't get things like heart disease, because that's one of the routes that some of that bacteria has to get inside your body. So I was kind of interested when I saw there's a medical study out there about a root for the covert 19 virus to get into your body. And it's because you don't take good care of your teeth. So I thought, Let's talk to the guy behind it. Dr. Sherman Malai, Um joins me now. Who's a dentist TVs written a study and I know it's like most scientific studies. It doesn't sound very penetrate herbal by the average person. The covert 19 pathway, a proposed aural vascular pulmonary root of SARS, cov to infection and the importance of oral health care measures. Doctor Welcome to the program and tell us about this is bad or aural hygiene, bad teeth, brushing one of the ways that people put themselves at greater risk. My Lord. Thanks for having me and I feel like this is such an important topic because it's something that no one even expected would even be possible that happen. So first of all. We think that we get cold it because it comes down our airway down our windpipe. Terrified trachea. You know that's not happening. What we're seeing is actually it's coming into our bloodstream first. Possibly so That's But the medical imaging is showing the CT scans are all showing is actually coming in down into the lungs in the area where the blood vessels are going into the lungs. This means Basically where the blood vessels come. They come from the mouth. So there's now we look at why you couldn't come from the mouth. We have a lot of saliva. That's where stars called the two.
"larson" Discussed on Everything You Never Needed to Know About Movies, Music & Theater
"All right. So this is santa fe from the original broadway version of rent I'm not gonna say too much about this because to be quite honest. I don't like the song really. Don't let the sun don't know why. It's i skip it every time i listen to the album but carson go ahead and tell me about this one this is. This is one of my favorites This one to me again like it's so funny will go through all of the top ten we've done and we both have our feelings on the music and the lyrics but you're a composer and a writer and you kind of come at it from looking at the music and looking at the store and all of that and i come from more of a personal autobiographical like how does it make me feel. What part of my life did it speak to. And this is one of those songs where i did. This was it. Every time in my life had john larson song falling out of love with theater. This was when i had made it far enough into my career. And i was doing well enough that i was working on much. Larger shows and h has the society and all of the feeling in new york. And i was i was dirt poor. I was paying two grand a month for a shitty any apartment in two thousand eleven so ten years ago it was two grand a month for this apartment. Could barely afford to eat. And i was just trying to keep myself in new york and to keep myself working and this again captures that feeling perfectly of god. Get me out of here but anything else would be this. And even though i have left new york i would not give up that time in my life for anything but it is that feeling of new york. Maybe hell but you're glad you're there and there's something to being there and there's something to the magic that is there and i also just love this song and i love the harmonies in the harmonies in the voices that.
"larson" Discussed on Everything You Never Needed to Know About Movies, Music & Theater
"So i i love this song Spare word it does come up on my list so i won't talk about too much right here carson. Talk me about valentine's day. I love this one. Because i actually heard a version of this before the jonathan larson project i think it must have been from one of the library of congress recordings Because this was actually supposed to be in rent there is a version of its in rent and it fits nicely because we have christmas eve. We have halloween. We have a lot of emphasis. Valentine's day and it would have fit really nicely into the show and i would have loved to have seen how it got fleshed out for rant but did ultimately get cut it but i really love this because this is pulled from like a little mini show. That was called. The eagles of ronald reagan's america and again. I hate me some ronald reagan. Really hate me some ronald reagan disowns for that so Yes so there's actually three different versions of the song out there. I i see the drunken muslim project. Valentine's day where the boys are pretty much. Everyone is singing on this the five vocalist. There's a demo version from rent. There's a. I think it did appear in the workshop. Maybe the very first very first one. It was in pershing so it wasn't there so there is a recording that which is. I think it's mimi who's for every for maiming. Is going to be about her. Not being being with a guy. It's basically about a guy Meeting with earl and her liking the sale masochistic kinky version of sacks and that not really allowing her to have any kind of real emotional passionate like it was more rough sex versus love making which is my own mental version of of the difference And then there's a version that john larson did which is the demo version From the library of congress so there is three versions out there somewhere again. I'll talk about more when because it's on my list. It cannot not be on that list all right. So here's my last are mentioned And i hope it does not make anyone cry I will.
"larson" Discussed on ART GAB
"It helps with teaching keeping things positive and exciting in the classroom and same at the studio keeps things exciting and moving forward. Yeah that's a good thing sir. Number two is the thing. I think you helped me with that a lot. Actually 'cause yeah our relationship. I feel like you've you've taught me that well nation. Who does the small stuff is that. Your superpower is procrastination. I don't know we already have. I'm in my head a lot. And i think that was touched on in the last one views again. I i think a lot in my head. Maybe i need to be better about expressing verbally. People around me is might come pass these like. I don't care or that. I'm uninterested. But really i'm just like i have a million thoughts going through my head at one time. Maybe a little bit attention problems that creative person's mind general the thinking of ideas and projects like what's next for you and what would license so i guess what i'm excited about. Is that a. I have a new catalogue of my artwork with An essay by richard speer. So the catalog is called kendra larson other-worldly light twelve hundred word essay about my life and work and richard is way better writing so It's really good. And then it has. I think forty color images so it's pretty catalog And saleable on my website or through argan gallery so that's one thing i'm really excited about And then i did have a show on the books. For february down at the up quark college gallery with tamar english and sean demorest but it is postponed until december twenty twenty one so i guess it's good that they didn't cancel the show..
"larson" Discussed on ART GAB
"I am ashton larson. In and special guest is kinda larson. Welcome kennard art gap. I thanks for having me. Kenner larson is an artist. Based in portland oregon with a primary focus on the impermanent holidays facific northwest landscape. Her work explores starkville. Ideas of the landscape in supports against around environmentalism as well as contemporary relationships with the natural world larson grew up in syndrome oregon. She received her. Mfa in paintin at university of wisconsin madison and has shown her work in venues in the united states in using larcenous has signal fire daria sisters oregon in new pacific studios masterton new zealand artists. In residence he is represented by gallery in portland oregon and teaches that pizzas in portland. State university welcome. Hi ashley has its.
"larson" Discussed on WDRC
"The Lars Larson show. Glad to get your calls at 866. Hey, Lars. How bad Exactly is America's border crisis now that China Joe Biden is now America's gatekeeper for it that we talk about that with Mark Morgan, Who's the former chief operating officer? And acting commissioner of U. S Customs and Border Protection and a visiting fellow at the Heritage Foundation. I've been trying to tell my audience that this is going to be extraordinarily bad news for America in so many ways, but how bad Well, how about a situation are we in right now, with an open borders, president well or salute to spot on? He's gonna be extraordinary. But here's what if you tell everybody It's not like what's going to happen. The extraordinary results are already upon its. I've already I've been saying the crisis is already here. Look right now. CVP just released its January staff almost 80,000 in the month of January. They're looking at over 3500 people trying to illegally enter the southern border every single day. By any definition. Those numbers are crisis level numbers. Remember J. Johnson, former secretary under Obama, then vice president, Biden said. How's it was a bad day. It's about the only thing from a policy perspective. I agree, But he says 1000. It was a bad day. We're getting 3500. That's crisis level numbers and the sole reason why this is happening because the president finds open border policies and rhetoric. If you come in here, we're gonna release you were going to protect you from awful deportation, and we're going to reward you with an amnesty experiencing DOC and free health care. Now you know that a lot of the rhetoric during the campaign was Donald Trump is evil because he built all those cages and then shoved kids into the cages on Lee Come to find out what a lot of has already knew. This is that they weren't cages. They were chain link barriers set up two separate people, adults from Children, things like that, who'd been caught illegally coming into the Country and that was actually created under the Obama administration. The Trump Administration inherited that and they said, We're not going to let people just come in and use a child. In many cases, not even their own child as the entry ticket to come into America and then dumped the child on the other side of the border s so they could be used in child trafficking or all kinds of awful things. But Biden made a lot of that. So how about that? How are the cage is going is the bite administration still operating cages of as long as as they chose the name for them? Exactly Lords and that zest another example of hypocrisy. So I was actually detailed over CDP. A good time with those facilities were being built. And at that time the President Biden I mean, President Obama and then Vice President Biden at that time were actually singing the praises of CDP about how quickly they have built those facilities. Because the facilities we have, you know, decades old were not designed House family and Children and they built this facility, which was called it, you know, like a mini Costco to care for these families, so it's just hypocrisy at its best. And then you bring up another point where the open border advocates in this administration doesn't want to talk to talk about the dark side where we're seeing the United States encourage incentivized and facilitating Illegal immigration and the dark side about it just as you described. Look in 2019. We had people renting and buying Children renting and buying them performing faith families because they knew then that you presented is a fake family you were going to get entering the United States never be heard from again. President Trump has all but ended that but President Biden was a stroke of the pen within a couple hours reinstated that were full on That poor poor poor poor steam ahead Well, and the problem is, I think, frankly, the Trump campaign did a poor job of explaining it. Mark you cartman from wrong, but I was trying to explain it this way. If the police in a community anyone America come upon a drug lab run by a man and a woman, and they have Children with him, the police arrest the man and the woman because they're doing something illegal. And then they turned the kids over to social services. And people would say Yeah, but Trump is locking kids up in cages, and I said no. What the CBP does is they take the man and woman who are doing something illegal crossing the end of the United States illegally. They separate the Children from them and hand them over to social services, so not a dime's worth of difference to how we treat American Children found in some criminal circumstance where the adults are committing crimes, and they're they're just child victims of all this. And the Children used either his entry tickets or coming in with Mom and dad. In some cases, not not all that those get handed over to sell, you know, to child protective services. Same result, whether you're a citizen, child or non citizen child and the right result to hand kids off from their criminal parents to to some kind of care that's decent. That's that's what, but they did a bad job of explaining that that's what they were doing. And it wasn't a different than what Obama and Biden had done because I don't disagree with you. And look you know this. This is from my perspective. This is ah, After 30 years of law enforcement, you know, I think we we didn't do a good enough job explaining we have open borders. What happened to the George coming across? I don't think we did a good enough job. Explained about the dark side that you know. Human smuggling turns into human trafficking, how the kids in the migrants themselves exploited to in light to buy the cartels and smugglers and abused as they make their journey. You know all that kind of stuff. How many migrants actually die on the journey trying to illegally cross I agree, and I'll tell you what, as a young police officer from all sends his department. One of the first things that I did with it was just a few months on duty as a new police officer. I had physically rip a baby. This was to rip a baby out of a mother's arms because child protective services had made the decision that the mother could not care for the baby. In fact, because of her carelessness, the baby was severely injured. I still remember that and that was well over. I think, 25 years ago, so large your spot on and that's just the truth. But again, that doesn't that doesn't fit the open border progressive left wing open borders strategy so they don't talk about it. And unfortunately, I'm talking to Mark Morgan, who used to be acting commissioner of Customs and Border Protection. Now with the Heritage Foundation, the mainstream media is going to carry water for these guys. They were happy to throw the cages story at Donald Trump on a regular basis. They ain't going to do that with Joe Biden, are they? No, They're not right now look, and that's why I keep saying that the crisis is already upon us that 3500 and let's let's let's added the turn back that go back to Mexico to avoid operation and those that get away every single day. It's more like 4500 Day. Where are they? Where are they going Back to J. Johnson against a Yeah, thousands of that day. Oh, it's a crisis right now, largely on Lee thing. The last finger in the dike is because president by because removed every effective tool in policy that was addressing the illegal migration. It's all gone. It's gone through the MPP, which ended catching release the whole nine yards. It's gone. Only thing remaining in deceiving. See order title. 42, which still allowed the border Patrol to apprehend folks on the borders, not allow them into the country and other facilities removed them back to Mexico. So look very simple. Several cracks in that and their lawsuits and they're already open border advocates calling for the removal of title 42. When title 42 drops when it goes away, that 3500 becomes a catastrophic crisis and a few days Tension releases full long We're gonna be handed off hundreds of thousands of days. Bus stops local shelters just like we did in 2019. You know, I'm worried to mark because I think about towns like McAllen, Texas. That's right there on the border, and there was a time there was a point where they were talking about 150,000 people in in in a year, and I think the number was 12,000 month and I said, Imagine your little town. Has 4000 people a week. Flooding into it, without resource is without money without jobs without anything and they're flooding through your town and imagine what it would do if 4000 effectively. Homeless people and Children are coming into your town. And you're saying we don't know what to do with all these people..
"larson" Discussed on WDRC
"M. M W truth. He's Lars Larson. Welcome back to Lars Larson. Don't want to give you a little update on what's going on in the Senate and unconstitutional trial. Private citizen Donald Trump. The Senate has now voted by a majority that the effort is constitutional. I still don't have to agree that it is. But six Republicans have joined the Democrats and the two independents to say that his constitutional Bill Cassidy from Louisiana senator had previously supported. Rand Paul in saying it's unconstitutional. He is now flipped. So is the usual group of suspects. Susan Collins, Lisa Murkowski of Alaska, the sellout rhino, Mitt Romney from Utah, Ben Sasse of Nebraska and Pat Toomey of Pennsylvania, all voting that it was constitutional. I guess that's the good news for the Democrats. The bad news for the Democrats. He is. They're still 11 votes short of either convicting Donald Trump or about barring him from any further vote run for office, So we'll continue to follow what's going on on Capitol Hill. But I want to talk about a bill that's in the House of Representatives in Washington, D. C and it's raised the concerns of a lot of you have written to me and I'm aware of the bill. I'm just not aware of whether or not it's moving or or appears likely to move its house resolution. 1 27. It is a federal bill and what it it's written by representative Sheila Jackson Lee of Texas, who's kind of lunatic, but she's a Democrat from Texas. She would impose a system of licensing of firearms and ammunition and for the possession of any firearms or ammunition. It would impose a license to display an antique firearm in your home. A lot of other crazy things. Dr. John Lott joins me. He is the president of the Crime Prevention Research Center. I serve on the board of that center without compensation. So I have a bit of a dog in the fight. And John is the author of so many great books, including Gun Control myths. Doctor line. Welcome back to the program. And what should Americans know about this House resolution? 1 27. Thanks. Yeah, it's good to talk to you again after being in Washington. I could just say Can it confirmed all my worst fears about the government? But, uh, you know, I don't think this bill is going to be going in place. Are there concerns that one should have about registration? Yeah, but not through this bill. As far as I know, I just looked it up a little while ago. I don't think she has any co sponsors even on her bill. And, um, uh, but Mork concern is during the campaign. Uh Biden promised to go and try to classify. Many semiautomatic rifles. Aske last three weapons. I know you know what this is, but a classroom weapon is basically been things like machine guns. Requires that you have to register them requires that you have to have a $200 feet. And, uh, so they would essentially be able to go and set up a registration and licensing system for Semi automatic rifles. Whether they can do that will be something that without legislation will be something that we would have to be determined by the courts. But they'd also include not only semi automatic rifles, but they also want to include magazines that hold more than 10 rounds. Just like you have. Silencers are Classified is a class three weapon. They wanna classified large capacity magazines, uh, the same way and that would also require $200 for them. And by the way, John that's a $200 annual fee, is it not? Or is it a one time? One time? It's a one time fee, but I think what you're thinking about during the campaign, Uh Biden in Kamala Harris talked about making it an annual C. Well, and and one of the concerns I've got is if you make it a class three. I don't have any class Three firearms. I know some people who do and they tell me because they anticipate this that any time the Bureau of Alcohol, Tobacco and Firearms which should be a convenient store, not a federal agency, but any time they want to. They can. They could call you up and say We want to come and inspect your class three weapons. They can come to your home if that's where you have them, and they're allowed to go in and check all your paperwork and all your weapons, And if it isn't 100% squared away, you've got big problems, so that's what they would put on somebody. One stone, just a simple semiautomatic rifle. Or already does and with this apply to guns that are already in private possession or would only apply to those sold after a certain day. The way they were talking about. They would apply it retroactively toe all guns that you have. I mean, that's basically the way it worked with machine guns. You weren't grandfathered in and so they're trying to use the same language that's already in the act there to apply to semi automatic rifles. The thing people have to understand is right now. It also takes about nine months or so, maybe even longer, sometimes to go through the process to get approved, and there's really no reason why I should take that long. It's just the way bureaucracies work. I assume if they're going to go and add all these things to the list of what's classified is a class three weapon. It would make it a lot longer process more than nine months, so you could imagine. You want to go on by, uh, semi automatic rifle that they would class by as a class three weapons. You know? Good luck. I mean, maybe maybe a year or more before you'd actually be able to get approval for it. Well, And does that mean in the meantime, you're in some kind of legal limbo, or do they say you have a certain amount of time Because we're talking about literally. I don't know the current number. But the Honore says about 25% of all rifles producing the U. S. R A R 15. Other groups have said, is closer to 50%. And about a decade ago, there were maybe three or four million of these in the United States. Can you imagine the bureaucracy it would take to create a registry and force all Americans to bring in literally millions of rifles to be registered with the federal government..
"larson" Discussed on WDRC
"Back to the Lars Larson show. It's a pleasure to be with you. And you know, I have to tell you I share with you some of the things that are my favorites. One of my favorite movies of all time is Braveheart. And I know there a lot of people who don't like Mel Gibson. I like Mel Gibson. I know he has his flaws. Well, Fortunately, God recognizes that all of us who are human? Have flaws, but he's done some great movies and that ranks among his best. I also like President Donald Trump, and he will have that title for the rest of his life, even though he's now left office, although as we speak, the Democrats are still planning to impeach him shortly or sorry. They've already impeached him. They're planning to convict him, which the U. S. Senate can only do tow a president. So I guess, even in the eyes of the Democrats, he's still president. Maybe they figured the election is not completely settled with that in mind. I recently read a great piece by Dr Larry Schweickart. Now you've heard Dr Schweickart on the program before he is, of course, the author of so many great books, but two among them the most recent of Patriots history. Well, that one is actually going into its 32nd printing half a million copies in print. It's very popular and his book about Reagan, the American president, and we might see some comparisons. Between Donald Trump's time in office and President Ronald Reagan. Both men I admire Dr Swaggered. Welcome back to the program. How are you? Thanks, Clark. Great to be back. So you wrote this piece on. It was published by uncovered. D. C. And I like uncovered D c a lot. And you draw a comparison between William Wallace the guy that was the central figure in Braveheart on DRoberts, the Bruce the first King of Scotland and Donald Trump, and I think people might find that an odd comparison. But I actually thought it was very apt. Which is why I invited you to come back on the show and talk about it. Well, you know, for four years, people have been saying, Well, Trump is Cyrus or Trump is this person in the Bible or that person in the Bible and I think it goes without saying that That Trump is a quote type of Christ. I'm not saying Trump is Jesus. But I'm saying that he left a life of wealth and luxury to try to make the world a better place and he was You know, persecuted and lambasted and betrayed for it. So there's a certain comparison there. But, um, what I saw about Trump was, it was aptly put by a guy on free republic. Which was that Trump ran the country, but he never ran the party. And I think that that was really troop. You look back. Probably the first thing you should have done was fire Ronna McDaniel. But whether she did a good job or not a good job, you know, still in question he needed to control the entire party apparatus, and he didn't do that. And then that led him to make some very fairly poor appointments in terms of Jeff Sessions, then later, Bill Bar in terms of Ray Christopher Wray in terms of Tina House full and so in the end, when he needed them, he didn't have the support of DOJ, the FBI, CIA or the military. Which was really troubling. Um and so I think when you look at Trump What did he do? He galvanized and united that deplorables the smelly hillbillies, the Scottish, uh, ordinary citizens. Who had no voice. And and brought them into an absolute fervor. Boiling 0.0, where 74 million of them turned out to vote for him. Who did he not really. Ever manage to secure He never managed to get the nobles. He never managed to get the elites of Washington in the party or kind of in the bureaucracy behind him. And I think this is what Robert the Bruce was able to do in Scotland because he himself is a noble He was able to take. William Wallace is face of inflamed ordinary people, The deplorables and united with that group of Klansmen and took some fighting. I mean, he had the really battled these other clans and and defeat them militarily, but eventually he got them. Behind him and united. I think that's what it's going to take next time around. Whether it's trump or somebody else to win is to unite those two wings of the conservative movement. I'm talking to Dr Larry Schweickart, who is the author of Reagan, the American president and now in its 32nd printing a Patriots history of the United States. So do you think that that Donald Trump didn't unite those two factors? The elites and I've never had a lot of respect for the way that some of the elites in the Republican Party and especially the country club Republicans or You know the the establishment Republicans behave with with people like like you and I think like you and me, It's certainly like me who view ourselves Just Americans may be a little bit of a libertarian bent to us that want the government to stay out of our hair stand of our business, um and and take a lazy faire approach, uh to to governing the country instead of wanting to regulate every single aspect of it. Why didn't trump attempt to do it? Or did he and did he fail or or did you just not understand the importance of having to get the party on board? I don't think he ever appreciated how much he needed not just a party, but a a loyal Kadre within that party and a Z, he said to Rush Limbaugh. You know, he thought that after a few weeks that the Lot of the hostility would die down and people pull together and unite at that reflected a fundamental misunderstanding of how in my terms, the other side is fundamentally evil that they don't want a better America. They want their America even if it's a smoking ash heap..
"larson" Discussed on WDRC
"To have you on board. And if you're a nay Sayer while you go right to the head of the line If you tell the producers that at 866. Hey, Lars. That's 8664395277 emails Go to talk. Lars Larson dot com. Should Washington D c become America's 51st state? Yeah, I think you know my answer to that. We'll get in that a bit later on this hour, how much of an impact as the China virus had on our Second Amendment? And the way that people practice here, including a lot of people who have never before owned guns. But boy in the last few months, they have decided it is time for me to start supporting the second Amendment of the Constitution. General Motors has decided to stop making gasoline powered cars in just over a dozen years. What does that mean for its customers and for the country? And you like do you like a company telling you we're not going to sell you this product anymore? Not because you don't want it because we've decided we will no longer make it for you. Now we're not talking about something illegal here. We're talking about something that General Motors just says. We don't care how much the American public wants a gasoline powered car or truck. We're just not going to make it for you. You can't buy it from us. Well, I hope some of their competitors take that up and say, Well, you'll be able to buy it from us and take a moment accounts to vote In my Twitter poll, you'll find the question two places really one on Twitter and you know if you don't mind Twitter at Lars Larson show should elected leaders be allowed to restrict your travel rights. Head of a snowstorm. Now we've all heard travel advisories saying, Hey, there's gonna be a lot of snow. There's gonna be a lot of ice or rain or wind or whatever,.
"larson" Discussed on The Living Room with Joanna Weaver
"My friend twenty twenty was quite a year wasn't it. It's nothing like any of us plan but in today's episode. My friend susie. Larson reminds us that. It wasn't outside of god's plan he knew all about it. He knows everything we faced and he's been at work in everything that we've gone through and i really believe that today. He wants to give us new perspective to help us. E our current reality through his eyes so that we can live our lives according to his truth not by our feelings and definitely not by our fears. God wants to teach us how to prevail. Oh you guys. It is always my pleasure to have susie larson on the podcast. Suzy.
"larson" Discussed on WDRC
"This is the large Larson show Americans the greatest and most exceptional nation in the history of the world. Anybody who would betray their ideals just to make money in China isn't worth a lick a spit, honestly provocative took. This is not going to be the country of white people and these kids who come They become Americans before a lot of Americans become America Don't sit yet. Get it like this on you know what you feel right Darkness, and here's your host Fuller's lesson. Welcome back to the Lars Larson show. And this is, as I promised you yesterday, going to be an interesting week. It is Tuesday, and the polls have now closed in Georgia and the voting and perhaps even a little bit of cheating is already underway. We're gonna watch these results very, very closely, because you could imagine that the Georgia race is being followed closely, because, depending on the outcome, it means either the Democrats or the Republicans control the United States Senate. And it may in fact, be a great litmus test of what happened in the November 3rd election, the cheating and the irregularities if you want to use the diplomatic term for it, so we're going to be watching those results as they come in. We'll let you know as we see the numbers and of course, we'll be talking about it. Tomorrow and tomorrow. Of course, we've got the joint session of the House and Senate on Capitol Hill. It seems that Mike Pence may be there for part of the count. But it may be that Chuck Grassley senator from Iowa is going to be there as well. And it may be that America will actually hear a lot of the evidence that we've been promised about whether or not the election on November the third was actually a legitimate election or not. Welcome to the program. Glad to have you on board. What would Donald Trump's lower court appointees mean? If there is a Biden presidency, and I think as it tonight, and with tomorrow, still a day away, it may be that we are We still don't know exactly what's going to happen. On Inauguration Day January, the 20th transgender athletes hold an unfair advantage as they continue to dominate in women's sports. Is this the equality that feminist really want? Vaccinations are a big part of getting his back to a new normal. But Democrat leaders like New York's governor, Andrew Cuomo, plan to waste a lot of them. And take a moment to cast her vote. My Twitter poll you're gonna find it. Two places at Lars Larson Show on Twitter. And if you don't like Twitter, go to our website Lars Larson dot com. Our question tonight. Should Vice President Mike Pence, put off certifying electors and send the decision back to your state Legislature. That may be the way that it goes. You can vote in the Twitter poll at Lars Larson show brought.