40 Burst results for "Lynn"
A highlight from Rate Pause
"Hello and welcome to Ledgercast. My name is Brian Crossguard here, as always, with one and only Josh Olsowich. Hey Josh. Mr. Brian. How you doing? How are you? I'm good. I'm happy to be with you today. You're already cards pulled up, ready to go. I got my best podcast hoodie on, you know. Only the best Ledgercast family. Getting the hoodie season, depending on what part of the country you're in. For sure. My dear Alabama, I mean, this is the weather that you live here for. Like, most of the year is incredibly humid, but September, October, November, that's when it's the good stuff. Well, people didn't come on this podcast to hear about the weather. They came to hear about head and shoulders. We always start with the weather. I know. It's like a podcast faux pas, but we do it anyway. It's the human experience. There's a head and shoulders on like every market on all timeframes. Like, you can't not see it. ETH, Bitcoin, S &P, Qs, any risk market, we'll put it like that, any risk market looks very, very toppy still to me. What are your thoughts on, you know, as we enter our 37th week as macro LARPing traders? Yeah, well, this continues to tell a story, right? Dollar legitimately been up only on a weekly basis for more than two months. Hold on, hold on. Jeff in the chat said. Jeff, were you listening for your show? We were just discussing the accelerated aging of Ryan in the show. I feel like I feel like the bear market is hitting me in every possible way right now. Sorry, continue. Yeah, I'm I'm going to be very gray and old and wrinkly if I make it through another cycle. Anyway, the Dixie is up. Yield. You know what I realized this week? Back to the Dixie for a sec. I realized that the Euro chart, Euro USD is basically the Bitcoin chart. So if you're rooting for Bitcoin, you're basically rooting for the Euro chart. I don't know how that's going to work out. It's not the team I want to be on right now. No, I agree. I don't know how that's going to work out for us because that Euro chart looks bad, quite awful. Yeah, that's bad. So I keep that in mind generally for people, you know, if you see some good news or positive news in Euro land, which I think is rare these days, it should generally signal wellness for Bitcoin. Yeah. Well, it's mostly that dollar strength. It's just not. Yeah, it's all it's all just the same thing. Right. Yeah, exactly. We titled the show Rate Pause because rate hikes were paused. So this is the first time in quite some time that we've gone into FOMC with no change. The result of that was you start to see the 30 year kind of catching up to the two year because they also said that they are planning on staying high for longer. So we're not going to do the thing where we just immediately start going into cuts. And so, yeah, it may not have the desired effect that people might expect by a rate pause. At this point, holding rates at this level is restrictive eventually, right? It gets more and more restrictive as the lower interest rate that like rolls into this new environment, you know? Right. But I think it's honestly, I agree with the Fed. I think keeping it here and doing a wait and see type attitude makes more sense than keep raising and then panic cutting when the time comes. I think you have a potential to break a little less in this regard. I think they should have paused a while back and should have started way before they did. But nevertheless, the idea of pausing but not committing to a cut, I think is reasonable. Well, the markets didn't get angry at pausing. The markets got angry because they hinted at two more hikes still. So if that actually happens, I don't think it will. Look, I'm a chaos agent. I say go all the way, right? Pedal to the metal, no half measures. If you want to kill the economy, go for it. So yeah, let's do two more. Let's do one in November, one in February, whatever. I don't know. I think the consensus, though, is that markets aren't going to last that long. Markets being the economy, I guess. But the economy just isn't going to last and hold up through that. So unemployment is going to tick up considerably. That's the expectation. You're not going to get your soft landing. And Paul basically said as much that that wasn't his base case during the meeting. So you got to keep that in mind when you're looking at risk markets like crypto and alts especially are just still obliterated and continue to look terrible. Two -year looks like it wants more. The three -month yields look like, all the yields look like they want more. Yeah, they're all acting like it. Especially if you take today out of the picture, which I'm not sure I'm going to read too much into what's happening on a Friday. Well, we had, so yesterday we had a negative 1 .6 % day on S &P. And there were already legacy analysts coming out saying, oh man, Paul's going to have to cut this year. It's been one day. You people are so soft, so pathetic. Pillsbury Doughboy over here asking for cuts after a down day. Give me a break. Just absurd. The chart on the S &P does look like it has room for more downside like that. Oh, for sure. Pretty clean breakdown, but it's not in panic mode. It's in the middle. It's in the chop zone. 4200 makes all the sense in the world based on some basic technical analysis. Look at the 200 -day moving average. All this is just meaner version. You have people panicking that the number is going down instead of up and they're pathetic. I mean, that's legacy for you. Even when you look at non -technical analysis, if we were in price discovery for the stock market right now, it would not make sense. It just does not make sense relative to the economy. But ledger, price is in the forward future. It doesn't look at what's happening now. We're not going to get a recession. We're going to get a huge GDP print, man. Forward future looks like we got another year or two of grinding. Like grinding economically, trying to figure out this balance of wage inflation, commodities inflation, cost of goods. There's a balance that has to exist there. Life is more expensive for people. Their homes are more expensive and their business loans are more expensive. are Their wages up, but they're not caught up to that. And so the economy needs to figure itself out. It needs to find its Zen zone. I agree. That could take time. But that's not the S &P. The S &P is eight companies who have billions of dollars, don't need to borrow, don't need debt at this interest level. But now the problem, I think Apple especially, I don't expect their new phone to sell gangbusters because the economy is... It's one of the easiest things to not upgrade. Right. Well, that as well. But USB -C, right? Welcome to the 21st century, everybody. So I'm expecting those numbers to be soft. The Nvidia story seems to be softening, even though it's hard to really know what's going on there. There's still lots of lots of demand for those checking news. Yeah. But I guess the point is, who cares about the rest of the S &P, the 493, right? It's all about the top seven right now. And if those are weak, which they are, just in the charts, the markets are going to turn lower because you're not getting any help from the other 493. All right. I want some of what Andre is drinking in the chat. I'm just going to plop this onto the show. Here we go, Andre. This is your moment. Fed waits another year to lower rates than the BTC happening. The presidential election and lower interest rates are all going to be happening at the same time as we go into the next bull run. Space exclamation point, which is another way of saying triple exclamation point. Where do you put that space in front? Andre, I'm with you. I hope you're right. I think people believe that if they cut, then that will be bullish, but they won't cut until things look terrible. So if they're cutting, then we have a different problem, right? We have a recession if they're cutting, right? It's over if they're cutting. We just have to dodge a recession. You just have to dodge a recession. Around halving, whatever. And then there's this other school of thought, which is kind of what Andre is hinting at. Maybe the halving doesn't matter. Maybe it's just a coincidence that we've been in these four -year business cycles, and it's just lined up perfectly. I've seen that narrative growing recently, which is surprising to me, but it makes sense. Look, if you look at the data and you just don't pay attention to halving, I agree. But I think the halving brings eyeballs. It brings people understanding the asset a little differently because they're like, oh, wait, what do you mean? The supply is going to be cut in half or whatever, the daily emissions. Anyway. And meanwhile, Bitcoin and ETH both basically at their 200 -week moving average. This was okay. So that's the tweet you have up. This was my engagement bait last night. This is if anybody was paying attention. It's comparing the 200 -week and the 200 -day moving averages on Bitcoin. The last time... They're converging. Yeah. So they're converging. And the last time it looked like this was 2015 for a bull cross. It technically didn't cross bearish in 2015. I just want to highlight, though, Josh. We are both getting rejected by that right now, if you look at this weekly. Yeah, but that's okay. It's September. It's key three. I don't care. But yes. They're just winding around in there. They're meandering. It's not good. Also, one other comment. Yeah. Gotta work on this hashtag. 250k or bust. Gotta work on that. Well, that's the target. We need some ideas. That's the 8000 % target from here is 250k. That's where that came from. Yeah, we gotta do better. 250 by 25 is too much of a mouthful. I feel like the phrase millie needs to be in there. Millie? Quarter millie? Quarter millie. Maybe just full millie. Look, I've been on the record. 250k is the target for the next run. Okay. Even before this tweet, the stars are aligning. Yeah. People are saying what's happened to me. I'm using a different camera. I'm in a different place. And I got a haircut today. And everyone says you look old. I look weird and old. I am old. Here, I was I was puffing you up early. You're telling me I look good. And I was telling you how old I felt. And now the whole chat's like, hey, you look old. You look terrible. I think you look fine. But you know, maybe it's the rates, you know, the rates are just killing everybody. It is the rates. I'm gonna go ahead and go out on a limb and say that I'm affected by that. Sure. So yeah, if we look at if we look at Bitcoin, also, We've also got if you don't like the head and shoulders, at the very least, you have to admit there's some sort of double top there. Yeah, double top, lower, lower low by a smidge. Rejected by the fast and long moving averages potentially. There's a there's reason to be concerned here. If we're above 28, at any point Q4, I think we're good for move higher, which doesn't like logically make sense based on what's going on in the world with rates and everything. So if this then that if we get above 28, we're good. Until then, I expect lower lows, ETH especially. What's going on with ETH, man? You're the ETH fanboy, the ETH cheerleader. What's happening? It's even better than BTC in terms of rejection off the 200. That's clean. It's nice and clean. That's a dump it. Let me translate that for everybody. That means it's even more bearish. I think this tells some of the story like there's not many people in the ecosystem that don't consider pair trades, you know, like opportunity cost or a risk profile of being in one thing versus the other. And a lot of people are dancing on like long tail of altcoins. Like they'll play on those playgrounds. But the people that are in big assets are looking at this where ETH BTC is breaking down further. It looks like it might be escalating. It looks like it might be going from breakdown to a steady progression to the downside. And I don't know, maybe that also looks double toppy to me. Yeah, but maybe another 10 -15 % on ETH is on that relative to BTC and people just don't see the upside as worthwhile. I get it. I understand. I like 05. And if 05 doesn't survive around the ETF stuff, assuming the ETF stuff is going to be bullish, I like 03. I think a 200 week tap at a minimum would make sense. So, you know, you're looking at another 10 % relative in that scenario. And that would probably be a bullish bottom. Bullish, she says. A bullish bottom if it maintains that. I'm sure, I don't know harmonics well enough to just like eyeball it, but I'm sure there's some sort of harmonic. Batwing harmonic, yeah. Yeah, there's something there where you could draw like a crab or something. If this one's a 0 .03, that would be concerning. Well, what's the breakout level of the head and shoulders? Like 0 .035, 0 .036? Yeah, I think that's reasonable. I think that would put ETH people, myself included, just in Jordan tier mode. Look, if ETH doesn't get an ETF and Bitcoin does and it actually sees flows. It could happen. It could happen. That's all I'm saying. That's all I'm saying. Hit your targets, Josh. 0 .053 before 0 .035. That's true. I mean, we need to spot ETF first, which... That's just math, just so you know. And dyslexia. It's just kind of interesting that it has not made a higher high since going proof of stake. Kind of weird, right? The Real Dangles asks, can we do a mini series on learning macro fundamentals? I've only ever looked at crypto, so half of what you guys talk about is foreign to me. No, but there's some people that you can learn from. One of the best, in my opinion, and I was... Jeebus was giving me crap about this, but Ray Dalio is, I think, the greatest macro mind that actually takes their information and then shares it. Big Debt Crises is a book. It's a study of cycles, basically. It's a study of deflationary, inflationary cycles, and they're very good. I would read that. That's a great start. Like, that'll be good. That could teach you more than I ever could. There's many, many other things, in addition to what he talked about, that go into what he talks about. But at the end of the day, it's all about cycles. And that's a terrific book. I would listen to a bunch of podcasts on macro stuff. Blockworks does a billion of them. Yeah, but don't worry. If you listen to those, you'll end up a bear. So you gotta know that going in so that you don't end up a bear. I don't care if you're bullish or bearish, but being able to form your own opinion, that's the end goal. But people that do nothing but talk macro are all bears. They're all dirty bears, Josh. I agree with you. They're doomer macro people. But just knowing the language and knowing what people are looking at definitely helps you understand what the hell is going on. If you listen to them, just know that you need to protect your beautiful, bullish beauty. Don't take their advice, air quotes here. Don't take their advice. Your beautiful, bullish innocence needs to be protected when you listen to the doomer bears. You'll learn all about the SPR and why it's the end of the world. What is it about macro that makes people perma bears? I don't know. I think all this cyclical stuff, the raining down of potential for bad makes you think it's imminent. Yeah, they're very pro -commodity, pro -being anti -market. That's their whole personality and identity. Now I'm thinking of Sven specifically, for those of you who know who that is. But the macro people will be wrong for years and years and years. And then we'll finally get a down move. And they'll be like, yes, I told you so. Now I've lost all my money and the market 10xed at that time. But I told you so. We would get a correction. But I like that about them. The macro people also generally don't like Bitcoin. Some of them do, certainly. But most of them don't. So that tells me we still got time. It's still early. There are very few Lynn Alden's of the world where I simultaneously massively respect their macro analysis. And they don't discount crypto. She does discount everything but Bitcoin. But I'll forgive her for that. Because she's already really good at two things. That most people can't combine their goodness of that. Yeah, she's great. That's another easy listen as far as trying to pick up. She just wrote a book about money, too. I'm sure it's got some good macro stuff in there. There you go. So we'll stop that. Rate's up. Murray, I don't know what we're saying is like Michael Murray. But if he's a doomer bear, then yes. Yeah, this is a doomer bear that he was right at the right time on the right cycle as the media fell in love with such characters. So that carries a lot of weight. Like he can now be wrong for the rest of his life, but he was still right in 2008. But I respect people that have these opinions. I just think it's a lot easier to make money if you're a bull over the long period of time. I agree. Tripsy says he thinks the TA makes a better bear case than macro. I agree. I pay attention to the macro because it's kind of interesting. And having the ability to discuss it is powerful. But if all I do is pay attention to the TA, then I'd be fine. If you see the macro and you make this great bear case and then you see the chart and the chart looks like it wants to explode to the upside, don't make the trade. Not financial advice, but don't sell everything in that scenario. I wouldn't. But if the chart looks like doo -doo and the macro looks like doo -doo, then maybe it's just doo -doo. Well, knowing yields and rates helps you understand the DeFi angle a little bit. Knowing risk premium helps you understand like if I'm not getting paid an insane amount in DeFi right now, it's just not worth participating. You know? Yeah. Assuming a risk -free rate in U .S. government bonds, treasuries, whatever, you're not getting paid that differential in DeFi. Typically, you are seeking yield growth balance, right? There's some combination or you're looking for either or, but there's a balance of yield and growth. If your available yield today is high, so let's say you can earn 5 % in a money market or something like that, then two years ago, you could only earn 1%. Then your need for growth is even higher to make up for your annualized compounding year -on -year returns because when you're seeking growth, you're compounding that growth to make up for the lack of yield. So when the yield is higher, you need even more growth so people get less interested in the growth because the growth needs to be so severe to replace easy yield that's available today. So that's why risk assets that focus on growth look less attractive when yield is high. That's a general concept that can be useful. I always like to think about the extremes. So they used to say, Tina, there is nothing else when you're talking about allocating capital. So if there was no yield before, you get all this crazy VC shit and altcoins and NFTs. Because it's growth at all costs. Because that's it. That's the whole game, right? Now that there's a balance, it'd be much harder to create something like FTX in this environment where you can get a yield, you know? Yeah, there is demand for return on those dollars that's not just growth, that's not just bring it back to me more valuable. Did you hear that NFT story? The NFTs are 95 % worthless thing? Yeah. Yeah, there's some really good replies from NFT people that I thought were worthy. I've retweeted one of them. I don't remember who it was. I think it was the punk person that works, that does the streams all the time. Pink haired punk. You know, most of them always have been worthless is what they mentioned. And I think that they're doing a classic throw the baby out with the bathwater thing. Like the speculation on JPEGs was always going to pop. The underlying technology does have inherent value, it's just who's going to win from that. Like, will all the current market participants, collections, companies, whatever, will they all go away and then somebody will rise from the ashes and win the technology emergence where game the underlying technology can be taken advantage of to create real business value? I think that's what will happen, but which of us will be there to survive it? And then some stuff will get Lindy effects of art, digital art. There was product market fit, there is product market fit for that. But like, you can't just mint 10 ,000 pineapples and expect to make millions of dollars now when there's nothing else. If your denominator is infinity, then yeah, 95 % are useless.
Fresh "Lynn" from WTOP 24 Hour News
"We are at 61 degrees in Tysons in to 59 Potomac 61 Lofond Plaza we're down a couple more degrees to 55 now in our Capital 1 a .m. hour Thursday morning September 28th glad you're with us here at WTOP brought to you this morning this hour by Lynn the plumber heating and air trusted same -day service seven days a week check them out Lynn the plumber heating and air WTOP at 120 good morning ciao I'm John Andrea Nozada the music director the of National Symphony Orchestra we are creating something very special at our next concert and I'd love for you experience to it embark on a vivid musical journey through Rome the eternal city where every corner reveals a hidden gem and every fountain dances to its own sweet melody October 5th through
A highlight from LGM Podcast: Waging War with Gold
"This is the Lawyers, Guns, and Money podcast. Hello, and welcome to the Lawyers, Guns, and Money podcast. My name is Rob Farley. And with me today, I am delighted to have my very own co -authors, a long -term friend of the blog, Charles Danoff, who is not a newcomer to the Lawyers, Guns, and Money podcast. You may remember him from such podcasts as the Top 50 Westerns of All Time, and I don't know, possibly some other podcasts some other time in some other place. And also not a newcomer to the podcast, Dr. Jeff Williams, who you may remember from a podcast we did some time ago on street crime and firearms. But both of those are a little bit deep cuts for the LGM podcast group. How are you fellows doing today? Great, thank you. Yeah, good. So the occasion of our podcast this week is a project that the three of us worked on together for about two years. It is a book that is now available through Lynn Rainer called Waging War with Gold, National Security and the Finance Domain Across the Ages. And this project is a labor of love that we spend a great deal of time on. It is available through Amazon and other sellers. We would deeply appreciate any thoughts that anybody might have about it. Then today we wanted to explore the project, sort of think through what some of the main arguments are, but also think a little bit about the process of how we went through and ended up writing this book. So I think it's probably best if we start with you, Charles. Maybe you could do the sort of the brief outline of our argument book, but then also if you could tell us a little bit about sort of where you're coming from and what attracted you to this particular project. Sure. Well, the germ of the project really started when you recommended me for visiting professorship at the Army War College. And against all common sense and odds, they took your recommendation. And I spent what was a very fruitful, eventful year there, after which they canceled the program. So I guess I had an impact. But during the course of that, and we had discussions which later turned into presentations, and I was able to run a seminar on it about the idea that one thing that is lacking from what is called professional military education, and honestly in international relations and strategic studies in general, is a consideration of the role that finance plays in the contest station for international supremacy. So we developed a theory based on this, which starts out that states do, we start with some really basic and universally accepted assumptions, at least within the IR community, which is that states seek to maximize either their security or their power, whichever word you use, and that in the course of that, they contest with each other in international arenas or what are called domains to get to hegemony where they can stop worrying about whether they're the most powerful state in the system or not. And conventionally, the domains have been considered to be land, air, sea, and more recently, space, both actual and cyber, and those have been gradually integrated into the study of international relations. Our argument is that international finance is also a domain, and that in the same way that states compete by force of arms, they also compete using instruments of finance. And also, because there have been epical changes in the international system, we developed an adjunct to that theory, which is that in the same way that there are revolutions in military affairs that change the balance of power, there are also what we call revolutions in financial affairs, technological changes that affect who is the hegemon of the system. And in order to demonstrate that argument, we not only argue that it exists now, but that we go back basically to the beginning of recorded civilization, and we have several historical cases. Part of that is motivated by the Army War Colleges and professional military educations deep in abiding love for the Peloponnesian Wars. So we figured that one way to get a foothold with at least that particular audience is to how demonstrate using the Peloponnesian War and as well as Polybius' writings afterwards that these conflicts existed and influenced the outcome. That's the gist of the argument. So I have more thoughts on what you just said, and I want to frame it a little bit more in terms of international relations theory. But before we do that, I want to go to Jeff. Now, Jeff, you come from a slightly different academic background than Charles and myself. List your affiliation here. Charles, you are University of Idaho, and Jeff, you are Transylvania University, Lexington's own, Transylvania University. Lexington's own. Exactly. So Jeff, from your perspective as an economist, what about this project seemed interesting to you and made you want to explore more deeply some of the stuff that we wrote about in the book? Well, when you first described it to me, I guess it was a phone call. You were just talking about the idea and the idea of the finance domain, the domain framework just seemed like such a beautiful way to think about a lot of different issues in finance for me, which is very clarifying. Just that very notion was very clarifying in terms of thinking of institutional development and sort of a lot of stuff that kind of is talked about by financial historians and economic historians and all sorts of people in the present day and going back. And I think that the idea of the domain just structured stuff in an almost magical way in terms of my thinking about it would be the way to describe it. And so as sort of specifically in your sort of academic training as an economist, how would you say that economists and political scientists think differently about finance and specifically finance, right? Not the economy more broadly, but specifically the role of money.
Fresh update on "lynn" discussed on Milk Crates and Turntables. A Music Discussion Podcast
"I thought it was him. Maybe it was another... Pills and alcohol don't mix well. February 11th, the three surviving members of the Beatles secretly reunite to begin recording additional music for a few of John Lennon's old, unfinished demos presented to Paul McCartney by Yoko Ono, with Jeff Lynn of course producing. The track Free as a Bird is released as a single in late 1995 as part of an exhaustive Beatles anthology project, reaching number two in the UK and number six in the US. Those, that was a good thing. Anthology was great. Yeah, yes it was. So many cool takes of stuff. Let's see. Best version of O'Bloody, O'Blooda, I think. I think that should have been on the album. The right album is the other one they did. I'm starting to get the meat sweats gentlemen. Turn down the temperature in the studio. It's down to 65 and I'm still starting to... For the audience, before the show, I went out to dinner with the beautiful Dr. Veron and I went to this Brazilian radigio and it's endless meat, pecan, beef rib, all sorts of stuff and I ate probably about a pound and a half of meat with mashed potatoes and cheese bread and fried banana and then finished it off with they have this papaya cream. Oh my God. And I'm just like I'm starting to sweat. You got cement in you right now. It's just cement. It's sitting. It's just sitting. Like a giant pound and a half ball of meat. You know those old stock footages of the old construction trucks just dumping cement? That's what I'm thinking right now. Right down the gullet. So I'm starting to get the meat sweats. Because I got home at like a half hour before the podcast. Gonna be a wacky show. Don't start burping. February 14th Valentine's Day, Grateful Dead's Jerry Garcia marries Deborah Koons and nobody cared. I care. Mark cares. February 23rd Eddie Van Halen, Chris Isaac and BB King attend the groundbreaking ceremony for the Hard Rock Hotel and Casino. It takes place in Paradise, Nevada. I don't know why that's news. It's just another fucking Hard Rock Hotel and Casino. And Bruce Willis wasn't there? One of the most overrated restaurants in the history of America is the fucking Hard Rock Cafe. The food is just junk. You're not missing anything. It's memorabilia that you could see on eBay. Do a virtual tour online. It's just as good. Because you can't touch the shit. So what's the difference? Behind glass or behind a computer screen? Doesn't fucking matter. Just doesn't matter. February 26th the San Remo Music Festival ends with the victory of who cares because it's something that I don't even know about. It's an obscure music festival. Ends in the victory of Aldreino Baldi in the big artist category. The song Passiara. They eat a lot of meat down there. And everybody after the show went to a Brazilian Rhodesia. It ate way too much meat and they all had the meat sweats later on. Is there a band called the Meat Sweats? Yeah, Meat Puppets. Meat Puppets. Who put out an album in 1994. The Meat Puppets. Good one Lou. He's on his game. Because 1994 was a good year Todd. Yeah Todd. Todd. Todd. With one D by the way. I have a brother Todd and he's got two Ds. Most normal Todds have two Ds. You see it right there on the screen. One D. Todd. One D. Sockman. Did he sell a consonant? Let me see. Karen Hurley. I love Karen Hurley. She's my buddy. She's my buddy's wife and I love Karen. She says how does Jim, who's like my brother, know the name of your show? He's probably heard me talk about it more than a few times. Well we have to start the show over. Somebody asked us to. No Dean. That's what you know. You got the alert. Come on buddy. No. He's treating this like it's the King of Facebook show. Well it never really gets off the ground. It's really no beginning no end. It just is. Coming back soon by the way. The King of Facebook livestream I think I'm going to be doing my first show back in a while. It's an out of control livestream. It's really just idiocy and stupidness and I think someone dared me to put a Whopper and a Big Mac together and eat it as one big. Yeah will this be on an early Sunday morning? No no. Coffee with the King is Sunday morning. It's very mellow. That's a tame. No the King of Facebook show is way over the top. It really has no rhyme or reason to it. But yeah I guess I'll be eating, since my blood work is perfect I'll be eating a McWhopper. A Big Mac Whopper. A big McWhopper. At least there's no filet of fish in the middle of that. Also I'll have to do is request it and I guess I'll have to do it. That would be a good idea. Maybe he should put a filet of fish in it. He did. Didn't he do that? I did that with the cheeseburger. The cheeseburger. Yeah. Okay. Anyways. Anyway as Jack would always say, it's not anyway. Selena on March 1st 94 Selena becomes the first Tejano music singer to win a Grammy. That was one hot woman. Selena was a good looking girl. God bless her. God bless her. She was a nice kid who ran into a raving lunatic unfortunately. On March 1st also Dave Phillips says Madonna was big in 94. Okay. Okay. This is true. Thanks. Wow. That's a fucking epiphany. Holy shit Dave Phillips. I'm going to just give him the title of contributor to the show. Madonna was big in 94. Really? She was big in 84 too. I'm going to see what you release that year. Let's see. March 1st 1994 Nirvana plays their final concert in Munich. We know why. What was that? March. March. March. I'm trying to not do that but it just comes up. Let's see on March 1st 1994 the 36th annual Grammy Awards are presented in New York hosted by Gary Shanley. Gary Shanley had one of the funniest stand ups I've ever seen in my life and he didn't swear once. And it was one of the funniest fucking stand ups. It came out around 86. It was so funny. And he just never swore once. Didn't have to. So let's see hosted by Gary Shanley performing the soundtrack from the 92 film The Bodyguard. So this is 94. But the soundtrack from the 1992 film The Bodyguard wins album of the year. Monster album. While its lead single Whitney Houston's cover of I Will Always Love You wins record of the year. The single version of A Whole New World performed by Peeble Bryson and Regina Bell wins song of the year. Tony Braxton, another 90's hardy wins best new artist. All of this is the infamous Frank Sinatra incident. You know what I'm referencing? Frank Sinatra receives the Grammy Legend Award. Sinatra's acceptance speech is cut short. They sent him to commercial while he was still talking. Other artists criticized the producer's decision during the show and Billy Joel takes extra time to perform his song The River of Dreams noting that he is wasting valuable air time. Wow. They disrespected Frank Sinatra. He had somebody killed over that. Someone died over that. What the fuck? It's always the young generation that's like eh. Cut him. Cut him. Huge mistake on their part. Because there was huge blow back. If there was social media back then that show would have got destroyed. It would have been. He only died a couple years after that. Yeah. But Billy Joel good for him. He's like he knows they're not going to cut him off. Right? Because he's big. Frank was over the hill. He'd done his time. And so he decides to burn their time because they were trying to save precious air time. And you know Billy Joel is probably a huge Sinatra fan. As you should be. As you should be. That's right. I have Sinatra Sundays here at the Casa McVera Sunday morning. Oh very cool. I have a picture of my father with his parents. Oh really? Yeah my dad had a nightclub so I guess they were there one night. But Frank was not there. Yeah well. He was off being famous. I guess that's six degrees of separation right there. I guess so yeah. On March 3rd 1994 in Rome, Nirvana's Kurt Cobain collapses into a coma after overdosing on Ropanol and Champagne. And what? Ropanol. R-O-H-Y-P-N-O-L. Ropanol. What the hell does that do? Does it prevent? Let me see. Benzodiazepine. It's Benzodiazepine. Look at me. I'm married to Dr. Vera. Benzodiazepine used to treat severe insomnia and assists with anesthesia. As with other hypnotics has been advised to be prescribed only for short term use by those with chronic insomnia. He mixed that with Champagne and it equals a coma. Champagne. I had a bad experience. Worst hangover I ever had in my life was Champagne. Me too. I drank a bottle of it. I was like 14. I can do it. I was 16. Almost killed me. Let's see. Let's not get into these stories. That's another podcast. Lots of those stories. March 5th 1994 Grace Slick is arrested for pointing a shotgun at police in her Tibberoon California home. March 7th 1994 the United States Supreme Court I could just see her with her face going get away you fuckers. An old hippie. Hey I'm an old hippie. Peace love dove and shotguns. David Crosby. March 7th 1994 the United States Supreme Court decision Campbell vs Acuff Rose Music Inc rules that parody can qualify as fair use. The case was spurred by two live crew releasing a parody of the Roy Orbison hit Oh Pretty Woman I remember that. Without a license from the publishing firm Acuff Rose Music. Acuff. Roy Acuff he was the guy that I think he roped Hank Williams out of money too. I think that's something. And that decision probably saved a weird Yankovic's career. March 8th 1994 Nine Inch Nails released the second studio album The Downward Smile. Great. Loved that album. It would go on to sell 3 million copies and be credited with helping bring industrial rock music into the mainstream. I wanna do you like an animal? You just bleeped yourself. I just bleeped. I don't want to be that crude. Nah you never crude. There's women watching. There's women. I have respect. I got a crew here on an album title. It's a band name. I don't know if you've ever heard of it. It's terrible. Let's see. March 13th 1994 Selena releases her final Spanish album Amor. I'm gonna butcher this. Pro Habido. Pro Habido. I got it. It's production has been delayed because of the launch of Selena's fashion clothing line and boutiques and her Selena Live Tour in support of Live. March 18th Courtney Love calls the police fearing that her husband Nirvana's Kurt Cobain is suicidal. Police confiscate four guns and I don't have a gun. Fucking liar. And I don't have a gun. And he never lived under a bridge either apparently. No. He wasn't a troll. Police confiscate four guns and 25 boxes of ammo from Cobain's home. Which to some of my friends is like that's just in there like Shudra that's Sockdra. I got some friends. That's nothing you're saying. But I know where I'm going during the apocalypse. And then there's people that say you know that is the whole thing when a rock star dies no he was killed. There's all the people that does have all these theories. Yep. Ah let me see. Basis Darryl Jones replaces who? Bill Wyman. That's right. Great basis. Ah let's see. March 22nd Pantera releases Far Beyond Driven which becomes their heaviest album to hit number one in the Billboard 200. The heaviest album. March 30th 1994 Pink Floyd and Barker what would be their last world tour before their breakup? The record breaking tour supports their Division Bell album with the band playing to five million five hundred thousand people in 68 cities engrossing one hundred and eighty six million nine hundred and fifty two thousand five hundred dollars. They could have toured for ten years and made that money every year if they wanted to. Yeah. That's an album with Roger Waters? No. No. Well that's the first one with that. Pink Floyd broke up after the album after well Final Cut. I'm sorry. I had to say that. I had to say that. Division Bell was a great album. It really was. Did it have learning to fly on it? No that was a momentary lapse of reason. Which I used that term a lot when I was a union steward. I was a union steward like federal level for like 18 years and every time someone would get in trouble and I would have to bring they'd have to get called up in front of the man and you know maybe a chief or two and I'd always say people you have to understand this young officer just suffered from a momentary lapse of reason. That's awesome.
A highlight from 1247. FTX Bankruptcy Hearing Could Determine Fate of Crypto Lender and Market
"Let's talk about something today I think you guys are gonna like, and that is, is there a crash incoming? And if there is, what could be the catalyst that causes that? A lot of people are looking at some of the data coming in from FTX, but there's a few other things that could also be playing into the markets and the prep that maybe the markets are getting ready for. So today we'll break down all that good stuff for you guys today. My name is Paul Bearer. Welcome back in The Tech Path. A couple of things before we get started, I want to thank our sponsor, and that is iTrust Capital. If you're looking at long -term holding and you want to go with a strategy to go into an IRA, one way you can do that is through iTrust Capital with their crypto IRA. A couple of things they do over there is you can actually invest in all sorts of digital assets, but you can also jump into things like gold and silver. So it's very easy to do, and it's free in terms of your monthly. All you have to do is sign up so you can start your project there, get into it, maybe transfer an IRA, or if you're brand new and you want to start one over there. And all you guys are paying for is the trades that you make within your own account. So it's a great way to get started. Make sure and use the link down below. It's going to help you get a $100 funding reward, and it also helps the channel out, so thanks for that. All right, let's get into a couple of topics today, and a few of them I want to jump onto a couple of tweets, and then we'll kind of flow into some news. But I've got a clip here of some things at the end that you guys don't want to miss. Kobe Easy comes in, global liquidity down, massive $1 trillion over the last 10 weeks. That's a pretty big deal for that much liquidity. It's interesting, too, because about four to five months ago, we had a series of interviews that we had with Lynn Alden. If you guys have not seen some of our Lynn Alden videos, just go back, search our channel. And she was kind of forecasting out what might happen, and this appears to be some of the things that she has been anticipating around what liquidity might look like. But we're now back to down to pre -pandemic liquidity levels. Now you have to think about that. The amount of liquidity that flowed into the space during the pandemic versus what we have right now is pretty significant. If you look at the chart right here, we'll show you some other stuff, but this is the dip right here. If you kind of just draw that line, this is, of course, talking about 19, 20, and 21 pre -pandemic. This, of course, is all of the injection into the economy and then essentially almost a full recourse back down. Now, granted, this still has a lot of room for more liquidity loss on the global scale, and that will have effect on digital assets, going to have effect on securities and other things, too. So be on the lookout for this one. I think this is one that we need to continue to chart and watch going forward, because this could be an indicator where Bitcoin does start to see, because remember, when liquidity starts to hedge downward, usually, and we'll show a little bit about the Dixie on another show coming up, but usually the Dixie will be on the rise, which it is currently. And if you look at the Dixie over the last, say, 30, well, let's go after the last 36 months, but look at the last year on the Dixie, the dollar index, and you can start to see how this gets affected around just traditional markets versus what's happening in the digital asset market. So very interesting something to watch for sure. Some key events that we'll be hitting this week is the Apple iPhone release. I'm curious if this is going to have a big splash because of the pressure that we're seeing on inflation, which means that will people have the money to be able to go out and purchase a new iPhone? And I think that's going to be a big indicator when we start to see the sales coming in for the holidays and whether or not Apple is doing well. So be on the caution and be on the lookout for that. Additionally, we'll see the CPI inflation data most likely going to be down. That comes in on Wednesday. PPI also comes in this week on Thursday. Retail sales data on Thursday will be softer anticipated. Consumer sentiment data on Friday. Consumer sentiment is right now looking to see maybe one of its biggest dips all year. This is a problem because it will have, I believe, some impact on how the Fed responds with whether or not they're going to be able to hold a flat position in terms of interest rates and the Fed fund rate coming up in November. So we'll see how that goes out. Also, the New York Fed manufacturing data comes in on Friday. So this is a big one. So it's the huge last week before the September Fed meeting. And when you look at what's going to happen over the next, say, 30 to 60 days, I think a lot is really dependent on these numbers this week and how that might play out for you guys in your markets. If you just look at the charts, there's a couple of things. Everybody's saying, why is crypto down so much today? And you can kind of see right here, listen, everything is in the red right now. Quantified crypto shows all top 50 projects with negative performance on the day as a total cryptocurrency. Market cap lost $10 billion in today's daily candle. So that's a big hit. 2 % in the last 24 hours. Fairly significant. Many people are looking at this potential of the FTX dump on the horizon. There's things that, yes, of course, FTX is still a burr in the saddle of the crypto markets. But I don't think it is as big of a problem as maybe a lot of people are indicating. I'll show you some data on this. But if FTX gets the approval for the sell -off, that's the big if, the details will settle on the size and the frequency of liquidations in order to minimize possible negative effects on the market. Now, they hold a lot of assets. We do know that. And remember, the market has already had a tremendous push down. So we're not seeing a $2 .5 trillion market here. We're barely seeing a trillion dollar market. So these kinds of things could implement very easily and cause a little problem within the market. But I don't know, the question mark will be how much can go into the markets and whether or not that's going to have an impact on Bitcoin. I'd love to get you guys' feedback. Do you feel like FTX is going to have any kind of scenario? Are we going to continue to see just a slight downward trend as we've been tracking over the last 10 to 14 days? Or do you think we'll start to see a real hit on the markets? Love to get your comments. Drop those down below. A couple of things to be aware of, and I think everybody's kind of fudding a little bit, is on the amount of Solana. If you look at respective amounts going from $29 million in XRP to $685 million in Solana, there's the line list of some of the tokens that could be at risk to a certain extent. But in reality, these aren't too bad in terms of if they get the go to actually release some of these tokens to be able to compensate the creditors that are in line. So a couple of tweets here. I'm going to kind of just go up here to this one right here. Will they sell off this week, cause a Solana soul crash? This was the tweet that hit on it. Mainly what they're talking about is the potential of this $200 million a week of assets that would be the limit that could kind of roll into this. And I've got a couple of charts here from Woo Blockchain. Let me kind of go up here. So this is as of August 31st. And the total of $3 .4 billion in crypto assets, including $1 .16 billion in Sol, $560 million in Bitcoin. And then you can kind of see the line list there. But these are the asset holdings overall, Solana taking the largest, and then Bitcoin coming in right behind it. And of course, everybody's also looked at Solana and the fact that they've been able to hold on. Remember that Solana was one of the blockchains that took the hardest hit from the FTX crash that happened last December. We saw Solana go down to basically about $8 .50 and then has corrected since then. And that's been an opportunity for some people because many people went in on Solana at its low around $8 to $9, and they're sitting obviously in a great position right now. Filing shows also that there's 438 investment portfolios with approximately $4 .5 billion in invested assets. These are the companies that are all, of course, being hurt. You can kind of see the token layer right there, limited partnerships involved, the equity investments involved. Obviously, we know Genesis and their connection, Yuga Labs playing a role in this, among many others. So this is not just crypto related. We'll potentially see a little bit of a market wave being hit here as we see more and more people taking losses on their books. As of August 24th, about 36 ,000 customer claims have been filed for a total of $16 billion. These are all everything from creditors, etc. You see the $4 .1 billion in litigation for Genesis. Even Celsius is sitting in there right now. And then the IRS, of course, has the largest position right now at $43 .5 billion for claims against this and what's happening with FTX. So all is not well yet. And I think this is, again, one of those things that could be one of those last little pushes into the markets as we continue to see the macro pressure pull the markets down. I just don't think it will be a sharp loss now and decrease in the market overall, especially on digital assets. Now, there could be a handful of tokens. Yes, Solana could take a fairly significant drop down to around $15. It's trading at around $17 right now. So that would be the one to watch for sure. Here's Lark Davis kind of hitting on it. He points out a couple of good notes here. First, coins will not be on the market to be sold, mostly will go over counter. And Solana is mostly locked up, and most of their tokens are locked up for around four years. So that in itself would slow this down. When this is sold over the counter, it'll be someone buying FTX's vesting contract. So that is a factor that plays in it. FTT, I don't think anybody's going to be playing in too worried about that one. Because remember, this was what I feel like set everything in motion was when CZ actually sold and started to move a large amount of FTT, which started the domino effect to occur and caused obviously, I won't say caused, but it definitely had a big implement or potential impact on what happened over at FTX. Bitcoin and ETH, they've got a good amount, but not billions. I still don't think we're going to see any real impact on both Bitcoin and Ethereum. I think we're going to see more market and macro pressure on Bitcoin and Ethereum. And I think we're seeing it right now. Obviously, we've seen a little bit of a downtrend on both of those. Aptos, this is the only one that maybe you have to worry about because of its size. And then everything else, no amounts big enough to concern. So I think this is, again, still just a bit of FUD. But the real question is, how and what will be pushing this down? And you have to remember, and this is just some Solana stuff, I think people thinking that there's a big deal with Solana. Two years of aggressive selling, I would agree. And the number of black swaths we've seen in this market, I'm still very impressed. And I just had a big, one of our executive coaching sessions this weekend. And that was one of the things that many of the people brought. These are business owners, millionaires in many cases, very successful. And even they brought to the point is that Bitcoin doesn't seem to have as much of an impact on it as it has in the past years as they've analyzed. And I would agree, I think the resiliency now is quite a bit different. Here was TOLI coming in. If everyone else is throwing shade, then we're just going to build and code in the shade. So of course, that's the current leader of Solana and Solana has been building and doing a lot in the way of doing partnerships. Obviously, we saw the deal with Visa and many other things happening out there in the market, for sure. Leaders are now monitoring risk in crypto asset ecosystem. The fact that it's even being discussed at a G20, you can take it two ways. You can take it as they're talking about it. That means at least it's getting into a legitimate layer or they're talking about it and it means they might be doing something negative. I think that we're in the more legitimacy layer from the G20. There's a few things there that we can hit on, but I want to also give you guys a heads up. We'll be doing a video later about this because there is a lot happening within the G20 that I think have bigger impact on the planet, especially around investing, what some of the countries will be doing, because there's a lot of positioning around stablecoins right now. And I think even here in the U .S., we're going to see that as well. But the FASB thing was endorsed dramatically. So we endorsed the financial stability board, high level recommendations for the new regulation and supervision of crypto asset activity. So that's a big scenario we talked about last week. Also following the declaration, the finance ministers at the central bank governors of the G20 nations committed to discussing and taking forward a roadmap during the next meeting in October of 2023. That's just around the corner. So they are looking at other potential impacts of maybe how digital assets play a role in a lot of these G20 nations. They also demanded that responsibility bodies ensure implementation method is consistent across global to avoid regulatory arbitrage. More things that I think will also play into how these countries are going to be dealing with digital assets. We've already seen MICA move pretty heavily in this way and position I think the EU into a very strong position of being able to do some interesting things in blockchain over the next few years. One other thing here, crypto analysts is predicting a fake pump before Bitcoin before we see a big dump. Again, we still have a lot of people pushing into the point that we could see a $15K Bitcoin or under. That is the real question mark because right now Bitcoin has been holding fairly decently. A couple of points they hit on right here is Bitcoin could be ready for a short squeeze. And this is in reference to around the $27 ,000 price zone in the following days. This is going to be a very critical time right now. Remember, we've got a lot of things hitting this week that will show the course of the United States when it comes to not only inflation but a potential recovery. And I think that's the more important thing. The other thing that they focus on was Bitcoin market makers are getting ready for a fake pump around $26 ,900 before further dump into liquidate long positions around $24 ,000 price zone. That's one that I think will be interesting because this right here is the potential forecast of where we could see Bitcoin going. If you look at our sentiment data on the CPI, which is our own crypto power index, I can't really downtrend a pressure on both amplification sentiment and top line sentiment on both Bitcoin and Ethereum. So does it mean that we would see a sub $20K? I don't know yet. But what I am seeing is a very consistent downtrend on overall sentiment in the market. And I think when you add in the other macro pressures, those are the things you have to watch for. I don't think it's as much as the FTX issue as it is the macro pressure. Fun fact, less than 5 % of global population now is invested in crypto. So that just shows you again how early you are. Maybe you're watching this for the first time and you're just now getting into crypto or maybe you're just now getting into Bitcoin and Ethereum, you're starting to do your research. What I would ask for you guys to do is just subscribe to the channel. It is one of the easiest ways that you're going to get additional content. You can drop that, you know, hit that little bell and it will give you notifications when we do things like that our live streams. Last up here that I think is interesting is a clip that I want to play for you. And this comes from David Marcus and David Marcus runs a company called Lightspeed, Lightspark, excuse me, not Lightspeed Ventures, but Lightspark. And Lightspark is trying to do some unique things in Lightning. But I want to play this clip for you. He starts off about halfway through. This is coming from Squawkbox. Let's listen in. We've watched the valuation of Bitcoin sort of sit around $25 ,000, $26 ,000. We've all been questioning, so where does this go? And does Bitcoin ever really become a currency, which is what you talk about it becoming? Do you think the value of Bitcoin needs to or can move up if it's actually a currency? Meaning I've always made the argument the currency problem is if Bitcoin is, if you think Bitcoin is going $30 ,000 or $50 ,000 or $60 ,000, there's no way I'm going to spend it on, you know, a pizza or on anything, frankly. If I think it's going to go down, by the way, I might spend it immediately. So our view is actually that Bitcoin is not the currency that people will use to buy things. But a fragment of a Bitcoin on top of Lightning is like a small packet, data packet on the Internet only for value. And so you can exchange at the edges of the network and send dollars to someone that will receive Japanese yen on the other side or send dollars to someone who will receive euros on the other side. All right. So a couple of things that David hit on there that I think are interesting. One is he did admit that Bitcoin would not be used for as a currency. And this is something that I've argued, you know, over time is that it is a challenge because of what's happening with Lightning right now. Now, this is not necessarily a bad thing. It's just a way that Bitcoin will be utilized. And, you know, to what Squawk Box's interviewer there, Sorkis, was trying to get to is that why would a currency ever be a speculated asset? This is where I think the the draw is if Bitcoin is still a speculated asset and it reacts like one. It has volatility. It has, you know, the issues with everything that we've talked about in today's show in terms of liquidity. And it also has pressures from macro. That's just like any other speculated asset, whether you're investing in securities, real estate, anything that you would speculate on. So I think that Marcus, what he's trying to do with LightSpark is they're trying to get to that point where they can get a settlement layer into it. And that's where I think the real question mark is. So whether you haven't, maybe this is the first time you've heard of the Lightning Network. I would suggest that you guys go out, do a little research, really understand it and try to get your head around what its purpose is and how it could be used in the future. At the same time, be looking at the Ethereum network. Also take a look at Solana. You want to look at these payment architectures that are being built on blockchain because these are the ones that are going to most likely be the ones that go forward. So love to get your feedback on whether or not you guys think FTX, these potentials here are even going to have a remote chance of causing any movement down, or do you feel like it's going to be more of the macro? Drop some comments down below. Of course, if you're not in our diamond circle, make sure and get in right now. It's one of the best places you get additional alpha from us. We do a podcast over there. I drop additional analysis in there only to the diamond circle. And of course, the only way you get in is join that link right down below. It's very easy. If you guys want to catch me, catch me out there on X at Paul Baron. We'll catch you next time right here on Tech Path.
Fresh update on "lynn" discussed on Morning News with Manda Factor and Gregg Hersholt
"Like you know I love going to Target so I'm really gonna miss it and it's gonna be really unfortunate. The company detailed their efforts to put in safety measures and added security saying in a statement while we will continue to make meaningful investments throughout our business we cannot solve this issue on our own in In addition we are taking a whole of community government and industry approach to seek solutions. That's coming for us and Lynn when a family in Tacoma who missed another rent payment could be evicted this week but a tenants rights group is taking up their cause and plans to hold a protest rally to keep them housed. Good before us Joel Moreno has more from Tacoma. The family moved into lakeside landing apartments nearly three years ago but they have been told clear to out by Thursday morning after receiving a court -ordered eviction notice. Kathy Pick the mother says her husband is now back at work full -time she's also doing well as a substitute teacher. The apartment complex she tells us did give them a repayment plan but they came up short on what they owed for the month of August when they used that money to buy groceries. Putting a stop on those evictions would give Kathy and Kevin the chance to just get back on track they both have good jobs now they're employed they're ready to go forward and Doran she is with a group called Tacoma for all it is a tenant rights group and they are organizing a protest outside Pick's home to try get them to be able to stay in their home for a little bit longer I did reach out to the building owner which is a private equity firm based in San Francisco as well as the property manager which is here locally haven't heard any response from either of them so far that's como for is Joel Moreno to Washington counties will get federal funding to fight the opioid crisis but money comes from the Labor Department and it will be used for disaster relief employment and training services $800 ,000 will go to Clark and Cowlitz counties to help communities affected by the health and economic effects of widespread COVID or excuse me opioid use specifically it will go to job training and placement programs for those struggling with homelessness and addiction the US Department of Health declared the opioid crisis a national public health emergency in 2017 freeing this type of funding for the big upgrades coming to SeaTac Airport yesterday the Port of Seattle Commission just approved a final budget of nearly 400 million dollars to upgrade Concourse C that project would add a new dining area a retail area lounge spaces and an outdoor area once complete that space will be all electric and fossil fuel free that's como forest kelly coopman's from our Tacoma bureau do you want to be happier try moving to this city of destiny outside Inc just named it the 15th happiest place to live in the u .s. based on things like overall well -being public land and affordability inclusivity and how might weather how might it weather climate change number one was Reno Nevada Reno was followed by Wilmington Delaware New Orleans Cincinnati and Charlottesville number six Hood Oregon time news 140 that means it's time for a check of sports we do it at 10 and 40 past each hour the Mariners take off a concerning incident and beat the Astros bill Swartz has more in
A highlight from Mexico's Third Richest Man Buys MORE Bitcoin | EP 820
"It's all going to zero against Bitcoin. It's going up forever, Ron. Bitcoin! You're against Bitcoin, you're against freedom. Yo, welcome to Simba Bitcoin Live, we're your number one source for the peaceful Bitcoin revolution, because we're breaking news, culture, and medical warfare. We will be your guide through the separation of money and state. My mistake, guys, I did set going live to 12 .15 PM, not 12 .15 AM, I apologize. I'm in Los Angeles right now, so a bit of a mix -up in terms of the time changes, that's why you see me in this dark hotel room, but I am well lit, so there is good news, I guess. Anyways, today's news, guys, we're going to cover a lot. We have a look into, remember a couple of weeks ago, guys, there was this news coming out of Oman that they were going to invest $1 .1 billion into mining infrastructure. Well, it looks like our friends over at Luxor did an analysis of what that, you know, what that, what that entailed. And also, we're also going to talk about the richest man in Mexico. And he recently did an interview with Natalie Brunel, and I'm talking about the third richest man, by the way. His name is Ricardo Salinas. And once again, he has increased his Bitcoin position and also comedian Bill Burr calls out the Federal Reserve and the debasement of the dollar. So it looks like the Bitcoin echo chamber continues to break. People are starting to question what is money. I remember I was I was checking into into my room last night, into the hotel. And I remember the the people at the lobby were talking about that they were just having a conversation like, look, life is good, man, but like, holy cow, this this inflation thing. And and again, like, think about it, like, what is the probability that I'm there at that specific time to hear that type of conversation on the side? And I feel like people are enduring this everywhere. And we covered an article that came out in reference to in reference to 61 percent of Americans, according to CNBC, are living paycheck to paycheck. So yeah, it's it's pretty crazy. Also breaking news. We'll have more follow up news for you guys next week. Ripple acquires crypto focus chartered trust company, Fortress Trust, and McShane from Bitcoin magazine tagged CEO and CEO Corey Clipsons, and he said, how will this affect customer Bitcoin deposits at Swan? Corey replied and said, near term, no change. Fortress Trust will be run as an autonomous unit. Midterm will have some news out very, very soon. So also, full disclosure, Swan is a partner of of Simply Bitcoin and I work at the company also. I'm part of the part of the media. So we'll keep you guys in the loop, as always, like what we've always advocated for on Simply Bitcoin. Take self custody of your Bitcoin if you know, if you don't like what's going on. That's that's what I would advise. You know, it's it's good to trust, minimize in regardless of the situation, regardless of who your broker is, who your custodian is. You should really trust yourself with your money, especially if you don't like what's going out externally, what's going on externally. Anyways, I want to bring up my legendary co -host, always optimistic. How are you doing, Opti? I'm doing wonderful. It is Friday. I feel good. Actually, full disclosure, I drank too much coffee this morning, guys, so I'm probably going to go absolutely bananas on today's show. But hey, it is what it is. Hey, everyone's trolling me on my lack of a mustache, guys, I cannot grow facial hair. Chill out in the chat. Anyways, anyways, let's let's bring in our guest today, Vox, how you doing? We got a Bitcoiner, as we say all the time on the show, we bring on Bitcoiners from all walks of life, from the biggest names to the everyday Bitcoiner. So you already know we're going to go down his Bitcoin story, how you became a Bitcoiner. And he told me, at least tweeted at us last night, that he's been reading Lynn Alden's new book, so we'll probably get some thoughts on that and then maybe some thoughts on what he thinks is the best way to orange pill. So anyways, Vox, how you doing? I know you got your cold brew over there. I hope you get just as jacked as I will on today's show.
Fresh update on "lynn" discussed on WTOP 24 Hour News
"Wall Street, the Dow is down 133 points. It's 12 noon. is This CBS News On The Hour presented by Indeed .com. I'm Steve A new twist in the bizarre story of an American serviceman who was last seen entering North CBS is Cami McCormick. A Pentagon spokesman says US officials have secured the return of private Travis from King North Korea. He is said to be in good health and good spirits. He sprinted across the border into North Korea two months ago and was declared AWOL by the US government. He now could facetime in a military jail and a dishonorable discharge Democratic Senator Bob Menendez has just pleaded not guilty to federal bribery charges. He has vowed he'll be exonerated and will not resign. Legal analyst Jessica Levinson. That's three charges we're talking about bribery, committing honest services fraud and attempting to commit extortion. All of those point to the same idea that Senator Menendez is abusing office the to which the public has elected him and serving himself not serving his constituents. A Montana judge has temporarily blocked a state law there banning gender -affirming medical care for transgender youth. In Kazakhstan an American and two Russians returned from a longer than expected stretch on station. the space Rubio's record ride comes to an end. Astronaut Frank Rubio spent a US record 371 days in space. Our space consultant Bill Harwood says the reason for the long time was in orbit trouble with a ride home. Their original Soyuz was disabled by a massive coolant leak last December and the Russians ultimately decided to launch a replacement. That meant Rubio and company had to spend an extra six months in space pushing their eventual flight to 371 days. In Philadelphia's center city groups of teenagers swarmed into at least three stores last night jamming merchandise into bags and off. taking John Sanford with the police department says some are in custody. 15 to 20 arrests have taken place thus far. At least two firearms have been recovered. What we had tonight bunch was of a criminal opportunists take advantage of a situation and make an attempt to destroy our city. CBS's Stacey Lynn on the state of American retirement planning. According to a new survey 56 % of Americans say their nest egg isn't where it needs to be. Only one in four of these contributing adults more say to they're their retirement savings compared to a year ago. Bankrate .com's Mark Hamrick. He asked American workers how much they personally need to have saved to fund their retirement and to live comfortably and almost third a said they need to have more than one million dollars. And checking Wall Street right now the Dow is down 155 points. The S &P is down 12. This is CBS News. If you need to hire you need Indeed because Indeed's all -in -one hiring solution helps you attract, interview and hire candidates all from one place. Visit indeed .com slash credit. 1203 on WTOP. Hump Day Wednesday, September 27. Sun and then Good afternoon I'm Mark Lewis with the top local stories we're this following hour. Last year it took until the end of December for DC to reach 200 homicides for the year but after two more deadly shootings yesterday the city has now already surpassed that number this year. One of those shootings happened near Dunbar High School. Acting DC police chief Pamela Smith says the victim had just left Dunbar High and was chatting with a group of individuals at New Jersey Avenue and P Street Northwest. One of the members of that group pulled out a gun and fired multiple times striking our victim. was There another shooting death at 13th and Savannah Street Southeast. There are more than just numbers each one is someone's family member that was taken too soon. DC council member Brooke Pinto has proposed a plan to crack all on gun violence with increased surveillance and searches. The head of the DC police union Greg Pemberton blames more the than 200 homicides in the city on past council policies he says have cut police staffing the to lowest one of levels in decades. Dick Ioliano, WTOP News. The public is getting its first chance today to question DC's acting police chief Pamela Smith to determine if she's the right person for the job on a permanent basis. The discussions began about an hour ago and dozens of people have signed speak. up to If Smith gets the job she'll be the first African -American woman ever to hold the position of chief of police for the Metropolitan Police Force. The deadline for a government shutdown is getting closer. happen It'll this weekend if Congress can't pass a spending plan before the end of Saturday. Republican leaders in the House still are having a tough time coming up with the necessary number of votes from within their own party. Senator Mark of Warner Virginia says the Commonwealth could feel a shutdown more deeply than any other state. Our team coverage begins now with WTOP's Mitchell Miller today on the Hill. Senator Warner says number the sheer of people in Virginia who wouldn't be getting paid during a shutdown is enormous. We've gotten north of 170 thousand federal employees. We literally have hundreds of thousands of folks who work in the Pentagon and military installations around our state. The Democratic lawmaker also points out thousands of contractors could be left hanging if a shutdown takes place this weekend and he notes neighboring Maryland and its federal facilities will be impacted. NIH research will come to a grinding halt during the midst of a shutdown. Warner calls a shutdown stupidity on opioids. On Capitol Hill, Mitchell Miller, WTOP News. I'm Nick Ionelli. I mean, come on, we have so many people who work for the government or part of the government. But it's not just the economy. There political are stakes, too, with early voting now underway in the state's upcoming election that's going to determine which party controls the General Assembly. When asked about that, Republican Governor Glenn Youngkin pivoted and criticized the president. All of this bickering on Capitol Hill. Do you think this is going to hurt Republicans in Virginia? Nick, let me just back up. would really I challenge President Biden to fully engage here and not to ignore it and just let it happen, because it's his watch and he has got to be responsible to it. That's the role of the executive branch. In Maryland the White House says clinical trials and research that are done at the National Institutes of Health in Bethesda would be among those things stopping during a Norman shutdown. Happening now, arguments are underway in a Loudoun County courtroom about whether former Loudoun school superintendent Scott Ziegler retaliated against a public school teacher. That teacher Erin Brooks was fired after she spoke to a grand jury about the 2021 sexual assault investigation and Ziegler's handling of it. He is facing three misdemeanor indictments for allegedly retaliating against Brooks. Ziegler's legal team unsuccessfully tried to have case that case dismissed last week. WTOP has a reporter at the courthouse. We will bring you updates on as we get them. Looks like there are some new recalls in the news. Hyundai and Kia recalling more than 3 million vehicles because of a fire risk and they're telling owners to park them. More from Detroit reporter Jeff Gilbert. An anti -lock brake control module can leak fluid that can cause a short and a possible fire. Hyundai and Kia have reports of more than 50 incidents including fires and parts that melted. No injuries reported. The recall impacts number a of 2010 through 2019 model year Hyundai's and Kia's. Recall affects a of variety Hyundai and Kia models from the 2010 through 2019 model years. You can read more at wtop wop .com search recalls. Coming up in money news. For the return to office mandate, the bark may be worse than the bite. I'm Jeff Glabel. It's 1208. Get a precision AC tune up for only $59. Now with traffic
A highlight from 1394: Bitcoin Will 10x on Institutional Interest - Valkyrie
"In today's show, we're going to be discussing Bitcoin bids moved to the lowest since March as the Bitcoin price dips under $25 ,700. And breaking news just in, Tucker Carlson is in Argentina right now to interview pro -Bitcoin presidential candidate Javier Malay. That's right. Max Kaiser responded to this. This Tucker Carlson interview with Javier could pump the Bitcoin price 5 % in a day. It will become clear that all of Central and South America benefits extraordinarily from adopting a Bitcoin standard. Let's freaking go. Also in today's show, Coinbase launches crypto lending platforms specifically for U .S. institutions. We'll also be discussing Grayscale. Ask the SEC to meet on the way forward for Bitcoin ETF conversion. We'll also be discussing Bitcoin can reach comically large market cap if this trend unfolds, according to macro guru Lynn Alden, as well as the Bitcoin halving could be even bigger for Bitcoin than in the past, says Wall Street veteran Caitlin Long. And quoting the new or the CIO of Valkyrie Investments, he says Bitcoin price can 10x on institutional interests and predicts the spot ETF to be live by 2024. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo, what's good, crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at CryptoNewsAlerts .net. Again, that's Crypto News Alerts dot net. Welcome, everyone tuning in. This is podcast episode number thirteen hundred and ninety four. I'm your host, JV. And today is September 6, 2023. We do have a lot to cover. Let's start with our market watch. As you can see here in your screen, we got Bitcoin in the red, barely holding on to twenty five thousand six hundred. We also have ether in the red along with XRP, Cardano, Polkadot and Solana. And checking out CoinMarketCap .com, we're barely sitting above that trillion dollar milestone, with about twenty seven billion in volume in the past 24 hours, with Bitcoin dominance at forty eight point two percent, with the ether dominance just shy of 19 percent. And checking out the top 100 crypto gainers of the past 24 hours, Thor chain lead in the pack up almost four percent, trading at a dollar fifty five, followed by Iota up three percent, trading above seventeen point two cents, followed by GMX up three percent, trading at thirty three dollars and thirty seven cents. And checking out the top 100 crypto gainers for the past week, cause lead in the pack up fourteen percent. And checking out the crypto greed and fear index, we're currently rated forty two in fear. Yesterday was a forty last week, a forty nine and last month, a forty nine, which is a neutral. So there you have it. How many of you have been taking advantage of this recent dip? Please do let me know in the comments chat. I greatly appreciate that. And now let's dive into today's Bitcoin technical analysis. Check out the charts and what's popping with the king crypto. As you can see here, Bitcoin's bullish momentum is fading as liquidity shifts preempt a volatile move. According to the latest analysis in a new post by crypto analyst Keith Allen, a monitoring resource flagged fresh shifts on the Binance order book. That's right. The Bitcoin price has stayed tidy range bound since the weekend. But exchange data suggests that the status quo may be about to change. What are your thoughts? Bid support moved down to concentrate around twenty four thousand six hundred on the day, with the price level not seen on the spot markets since March. Quitting the analysts here, what is most concerning here is that the largest concentrations of Bitcoin bid liquidity have now moved below the previously established lower low. At the bottom of the range, Bitcoin put in the lowest post March dip in mid -June, reaching twenty four thousand seven fifty before reversing higher as data outlines alongside this chart, which shows you the Bitcoin one week candle chart. Now continuing, Allen shared the following from a macro perspective. I do expect to see a price breakdown eventually. So the thought of printing a new lower low isn't surprising. But I did expect to see stronger short term rally from this range before that happens. But with that said, the bears are yet to gain the upper hand entirely.
Fresh update on "lynn" discussed on WTOP 24 Hour News
"Slim one in 92 million .2 you've got better odds of having identical quadruplets winning an Oscar or being crushed by a meteor but we still play so the pot continues to grow you've another got chance of hitting it big tonight the Powerball jackpot is the fourth largest ever an estimated 835 dollars million Stacey Lynn CBS News tens of thousands of people are expected to descend on Ocean City this weekend for the first ever oceans calling music festival it was supposed to premiere last fall but it was postponed due to a a hurricane after year of sitting waiting wishing Jack Johnson finally kicks off the oceans calling festival with Alanis and third eye blind on Friday John Mayer headlines John Mayer headlines Saturday with and Sunday brings the weezer and fits in the tantrums general admission starts at 135 bucks for one day or 300 bucks for all three days Jason Fraley to be to be news also this weekend another supermoon is heading our way now
A highlight from The Emergence of Money with Lyn Alden
"Commodity money is like nature's ledger. Bank money is basically a ledger governed by nation states. And then open source money like Bitcoin is money governed by the users. Hello there. How are you all doing? Our boys, Rael Bedford, won last night. It's our third game in the league. We've had two wins in a draw, so a pretty good start to the season. Anyway, welcome to the What Bitcoin Did podcast, which is brought to you by the Legends of Iris Energy, the largest NASDAQ listed Bitcoin miner using 100 % renewable energy. I'm your host Peter McCormack, and today I've got the first part in a three -part series with the amazing Lynn Alden. I know you're going to love this. Now, as you all well know, Lynn just recently dropped her book Broken Money, and we were lucky enough to get an advance copy and sit down and make a bunch of shows about it with her. So we originally planned to make one show, but we knew that it wouldn't work. So Danny pitched it to Lynn. He said, look, let's make this a three parter. Let's get into three parts, the past, the present, the future of money. And so in this one, the first one, we discussed the emergence of money and why gold won until the era of fiat currency. Okay. You know, Lynn, you know how incredible she is. And with this whole series in this book, she was as good as you had expected. Honestly, we probably could have made a 20 -part series covering everything in this book. So whilst you might enjoy this show we made with her, please also do support Lynn. Please do go out and buy a copy of the book. And quickly, before we get into the show, you Aussie Bitcoiners out there, it's just over a week to go. I'm going to be heading out to Sydney, to Australia for my first time. And on September the 9th, we have our live event. It's Nick Barty at Woolly Woo, Checkmate, Rusty Russell, and Dan Roberts, all on stage with me and Danny. And it's going to be a banger. So if you want to get yourself a ticket, head over to what Bitcoin did .com and click on WBD live. Outside of that, anything else? You got any feedback? Got any questions about the show? You can drop me an email. It's hello at what Bitcoin did .com.
A highlight from The Urgent Need for a Leadership Change with Chrissy Casilio
"Well, everybody now has been saying, oh, he had a really bad August. No, he's had a really bad 12 years. But the difference is he now has an opponent that's shining a light on it. That's that's the difference. Obviously, it has been a particularly bad. But but like you said, there's been a pattern for 12 years of this type of incompetence. Welcome to another Financial Guys podcast with Mike Haeflich and Mike Speraza. Today, we are extremely pleased to welcome Republican challenger to Mark Polenkars for Erie County Executive Chrissy Casilio live and in studio. Chrissy, welcome and thank you so much for being here today. Thank you for having me. I feel a little odd that I'm the only one here not named Mike. Yeah, well, that's a problem in our office. There's a lot of problems between Lomas Haeflich, Mike Shaver, Mike Zimmer. We dominate the office. There's a lot of Mike. Yeah, that's right. And we're sorry if you get whiplash because you feel like you're watching a tennis match here today because you're sort of sandwiched between the two of us. That's OK. So so I knew of your last name, at least just from a lot of the business that your family has done. But can you just tell our audience, our listeners a little bit about yourself? Because I think some might feel like me, like, geez, Chrissy Casilio. OK, let me start Googling and let me just Google the Casilio name. Yeah, of course, you find things on a very highly successful business that you've had based out of clearance. Right. Yes. Yeah. So tell us about yourself. So I'm actually not involved with the family business. I decided to do my own thing. I have my degree in journalism. I thought I was going to be the next Oprah Winfrey. And although maybe not her, maybe she's not a good example. Yeah, she's she's she's getting canceled right now. I don't know. Pre -cancel Oprah. OK, I got it. I have my degree in journalism and I thought I was going to make a career in that. I had worked with WBEN and very quickly I learned where the money actually is, and that was in marketing and PR. So I had the opportunity to switch over. And within my first year of working in marketing at the radio group, I very quickly realized that this was my thing. Fast forward, I have owned Casilio Communications for 10 years. It is a marketing communication agency where clients hire my firm to manage everything for them. All of their marketing, all their communications, internal communications, external communications. We do it all. I'm very proud that the business is 10 years old. I've been doing this for 15 years. And so my business is actually one of the reasons that opened my eyes to everything that was going on. And I'll tell you why. Do I need to tell you about my family or do we skip that over? It's up to you. They're probably really nice people. I mean, I don't want to dismiss them and ignore them. I didn't want to get too far without acknowledging that I'm married to my high school sweetheart. He is a pharmacist. He is a saint. And I have three small kids and they're all excited. What's nice is that they're young enough that they don't really know what's going on. They just know that they think that mommy's a superhero. Lots of excitement. The parades, I'm going to have to do parades no matter what for the rest of my life, for the kids. So I have three small kids. I have a wonderful husband. That aside, my business, one of my clients is a nursing home group. And this is what really was the catalyst in opening my eyes to how things were being run in this community. And I'll tell you why. I have been with them my entire career, before, during and after COVID, and I knew the numbers from what I do because I'm on the communications team, on the PR team. We work together as a team. There's a handful of us. And when Andrew Cuomo had that nursing home order, it was like the grim reaper went through the facilities. And they say, once you see it, you can't unsee it. And when that happened, besides it being tragic enough in itself, I saw Mark Poloncarz and Dr. Bernstein, who I call Dr. Overtime, I saw them do absolutely nothing about that. And I felt like I was going insane because I knew they knew the numbers. I knew that they knew what was going on. And then I knew that they were doing absolutely nothing. And what was astounding to me, I mean, you don't have to be the director of health to know the type of care in nursing homes. It is the most intimate type of care that you will ever, I mean, you're getting your teeth brushed, you're getting dressed. These residents aren't even getting out of bed unless somebody is physically lifting them out of bed. And you're getting help in bathroom situations, right? You're getting hugs and compassion and love. I mean, these people are angels. And so then for some reason, at some point, it got, besides the horrible idea from Andrew Cuomo and the state people, then we had our own Erie County leaders, quote unquote, fail us. And then what bothered me even more than that. So I'll give you then a number of examples. So besides the fact that we were giving them the numbers and I saw they were doing absolutely nothing about it. But, you know, so Poloncar has had his daily COVID briefings and, you know, he'd yell and scold and talk to us like we were children. And he must have gotten some sort of rush being in that type of position. A lot of them did, including the former governor. It definitely went to their head. But I remember this one time that, and I'm going to be careful protecting my client, but I remember this one time he was doing his press conference and he was talking about that there was an outbreak in one of the south towns and he started scolding them. And he was threatening to shut down schools and, you know, putting curfews in place. And I don't even know what at the time it was like, we're going to go and level C, three, four, like blah, blah, blah. And I remember looking at the numbers that he was putting on the screen and I remember the numbers that we had submitted to the county and all but maybe one or two was from that facility, from the facility. That facility was having an outbreak at that time. And he never shared that information. He didn't have to name the facility, but there's a different story, completely different story. If you are giving numbers that there's a case and saying, hey, we might have to get ages your 85 up and they're all at this one facility, but you're going to close on your schools and close on mine, it would have told a completely different story. And he would have been more transparent of what was going on. But here's what I it's funny, some of the stuff you said, because Mike and I just did a morning show and we said the same thing like, are we missing something? Where is the data that we're supposed to be seeing that would change our minds? Because I just haven't seen it yet. Still, it's been three years. I still don't have any data yet that tells me, Mike, shutting down schools was a great choice. Mike, shutting down the economy was a great choice. Mike, you know, doing whatever was a great choice. The only choice that was actually should have been made was the one they didn't make, which was nursing homes. That was the one they should have made. Don't put sick people back in nursing homes. They did that. Remember, though, at the same time, they told us that we killed grandma because we didn't get vaccinated or we don't wear masks. I do want to go to Mark Poloncarz because I think he's a house of cards, obviously. But Mark, Mark has had a lot of opinions on a lot of issues. And for the most part, he's been wrong. Right. And one thing Mark doesn't do, Chrissy, is say I made a mistake. I was wrong ever, ever. I've never heard him say that once. I my one question before we get into his job performance is if you're in that position, let's say, and you may if you're the Erie County executive, you're a governor, you're whatever and you make a mistake. Are you one that would sit there and say to yourself, you know what, I'm going to go to the podium and I'm going to admit my wrongs and I'm going to work on it and get better at what I made the mistake on, because that's what we have to do. I have to call clients all the time and say, I am sorry. I told you I just did it last Friday. I told you a number and it was a different number based on this factor. And I had to man up to that and own that. That's what people have to do in business and life and relationships. Is that something you're willing to do? Have you ever made a mistake? You have to. You have to. Because similar to me, and this is where my business experience comes in. I'm in the same boat as you. Now, I very rarely make mistakes with my clients. I don't know. I would agree. I agree. But you do. But the times that I have I'm I'm my success is based on job performance, not the single mistakes. It's the overall pictures of are my clients satisfied with my performance? And what's amazing to me is how for some reason that doesn't apply in government. Ever. You can mess up time and time again. You can never take accountability. You can never own anything, but you'll get reelected. It's astounding to me. But if I were to do have if the performance of Mark Polancar was happening in a private sector, he would have been fired 11 years and six months ago or his business would have closed or his business would have closed because because people would have been like, no, you you're not good at this job. But that's the sad thing is that money, money speaks. You know, it's tough with incumbents. You're definitely in a position where you have influence and your head gets bigger and bigger and your confidence gets bigger and bigger. And then what happens is that you're no longer serving the people. You're just serving the. What do I want to say? I feel like themselves, like they're serving themselves in their little inner circle, like I think they're so afraid they're going to let their their friends, their family down at the expense of of all of us. Right. The people that they're really supposed to be caring about. Well, I will say what I have found, particularly with Polancars and again to my earlier statement, once you see it, you can't unsee it. And decisions are being made for climbing the political ladder. Decisions are being made to appease Albany, appease the federal government so that he can feel good about going and saying, I have a good relationship with Albany. I have a good relationship with the federal government, but completely ignoring the fact that that relationship is actually causing this community more harm than good. Right. Right. And now, I mean, just let's bring it up to basically today, we are now hearing reports, 52 people that were housed in a cheek to our hotel are now being relocated to an Amherst hotel because of a broken sprinkler system. The reporting and again, we're not there to tell you this is right or wrong, but the reporting is that illegal immigrants were hanging clothes lines off of sprinkler systems. And now you've basically turned that hotel into a mess. It's uninhabitable. Correct. Right. So nobody can even be in that hotel now because they have to make repairs. It's not a place that any human being can actually even be in. So now they're going to relocate these people to Amherst. Before that, Republic Steel is going to leave 178 people now seeking jobs. We heard Mark on a Friday afternoon try to justify the what they called the blizzard of 2022 after action review by basically, again, not apologizing and not saying he'd have done anything differently, but by saying, you know, you know, there are some things that have gone wrong of late. But how about this and how about that? And how about you give me a break, essentially? Right. You forget. That report was bizarre. It wasn't actually a report. It was just a pile of papers that have been sitting on his desk for seven months that he just then made public as if that was supposed to mean anything. But like you said, there was no reflection of, OK, from this report, this is our next step. This is our action. There's nothing. I mean, yes, he has said things here and there, you know, but at the end of the day, you had 12 years to do even half the ideas that you were thinking of and you didn't. You got caught being incompetent again and you're just trying to brush it under the carpet. Forty seven people died, right. Forty seven people. That's double what what happened in the blizzard of seventy seven. I was like nine years old. The blizzard of seventy seven had twenty three people die. This was double. And you knew days before that this massive storm was coming from the west days before. And he waits and waits until Christmas Eve. And then he shuts things down. Then he says, oh, we have to shut things down. But by the way, we can't even get emergency vehicles out. So guess what? You're on your own, folks. Like that's essentially what happened. And like I was going to say that to the deaths are tragic enough and sad enough of what happened that day. But then you add into the fact that he told emergency personnel, including police officers, by the way, nobody will be patrolling the streets. That was a legitimate thing that he talked about during this whole thing. Nobody will be patrolling the streets. They're not going to go out. OK, then you have businesses in Buffalo, one of which is a client of mine, get looted and there's food getting stolen. There's anything getting stolen from you. You can't have it both ways, right? You can't say we're going to shut the city down. We're going to shut the counties down. Oh, and then we're also not going to have anybody around to help if somebody's sick or injured or if somebody's business is open or business is able to be looted. And that's what happened. And he took no responsibility for that either. That to me is just as bad as anything, because you essentially told people, we're not here to help you at all. There's another important factor, too. It seems like people are forgetting about November 2014 when we lost, I think it was 14 people then. How many storms are we going to go through where people are stranded, having to spend the night on the Thruway where people are dying? I mean, this this is western New York. It's it's like Florida being caught off guard if there's a hurricane. It's so bizarre. How is there not an action plan in place that's just just like Florida? I mean, you go down there, you see the signs for the hurricane routes. They have the protocols of this. People know what to do. How is it that we just don't have because systems like that need to be in place so that we don't have politicians like Mark Poloncarz putting commerce over the safety of the people. Right. And the systems are there and then you need someone to say we're activating the system. It's like we are now using this this emergency plan. The task force is now out and ready and helping. And but you don't have a guy like him. He slept through the night when he should have probably the day before, maybe even by 10 o 'clock that previous night said we are now shutting the Thruway. We need everyone off the Thruway while they can get off. I mean, I get so fired up over that. I get fired up over the nursing homes, the assisted living. My mom was in assisted living at the time that all happened. And I thought to myself, great, if you want to have people wear masks, hazmat suits, for God's sake, in nursing homes and assisted living, I'm all for that. The little paper masks are probably not even close to being enough in those places for those very, very vulnerable people. And Mike, real quick, I'll say that not even just for covid, for anything. Right. I mean, like those people, if they got a basic flu or a stomach flu or something, they could they could pass away. Sadly, like their their their immune systems are so compromised at that age when they're in there. Like, if you're serious about covid, then be serious about covid. That's my problem with all these people. If you're going to get serious, get serious. If not, don't waste our time with it. Right. And I'm sorry, all I was going to say is I mean, this all seems to culminate into an idea of patterns of behavior, patterns of horrible, horrible job performance behavior. And yet he's still sitting there in office and he still gets a pass by his supporters. I just I just wanted to add to because, again, I was in the thick of it. You had you had your mother, you said that I had 19 facilities across New York State where I'm overseeing the communications of it. I'm I'm receiving the messages of the website of people talking to their parents, of people dying. I saw firsthand the people dying. I saw the messages coming in. Mom, we can't see you. We love you. But the thing that also, you know, I can't speak for the rest of the state. I kind of can. But if you look at Erie County, we had the convention center empty. We had our schools, our universities closed down. We had surgery centers not operating. It's not like we needed to put them in nursing homes. And you think it have the spine and the leadership to say we're not putting them in nursing homes. We have these other options. But it was just this blind like whatever comes from Albany. That's what we're doing. And that's continuing to happen. It's funny because the Buffalo, well, everybody now has been saying, oh, he had a really bad August. No, he's had a really bad 12 years. But the difference is he now has an opponent that's shining a light on it. That's that's the difference. Obviously, it has been a particularly bad. But but like you said, there's been a pattern for 12 years of this type of incompetence. Yeah, here's what I'd say, because I'm going to get into the the second part of Mark Poloncarz himself personally and his attitude and his personal issues. I think you say 12 years, Kristine, I agree he's been here for 12 years and he's been doing certain things for 12 years. But realistically, you only have to look at about the last year, the last eight months to get a picture of who Mark Poloncarz is. And is this who you want as your leader? Right. And we're going to look at here we go again back in January and that's now coming to light. We have we have numerous issues with Mark Poloncarz and, you know, assault. We have been threatening to shoot a process server. Now we have a relationship issue. Look, I've been you said high school sweetheart. I've been married to my high school sweetheart now for five years. I've been together with her for 14. I have never once even as a college and high school kid told her she couldn't leave somewhere. She didn't want to go or or screamed at her outside my home. Yes. Do we argue with our spouses? Of course we do. The last thing I do when I argue with my spouse, I was getting her face. I'm usually like 20 feet away being, you know, we're going back for nothing ever like what they said. That's what rational normal people don't do what he just did this week. And they brush it off like it's OK. Yeah. Like my husband and I, maybe we're the weird ones. We don't even say the F word to each other because you have we set up these boundaries because you have this level of respect and love for each other. And there's no reason to if you're really that mad, you know. Take a break, work it through. It's bizarre. And what's interesting is that since becoming a candidate, it's amazing how one once story comes out, suddenly more people feel comfortable coming forward. And the story is now starting to pour in, not necessarily about the personal matter, but just his overall demeanor of now everybody's coming up to me. Yeah. He's been a bully forever. Yeah. That's his personality. He has a hot head. This and then the stories. I was at a restaurant. He did this. I was here and he did that. Like it's a pattern of behavior. You have to have a certain type of personality. Yeah. Some type of anger issue to be treating people that way. No doubt. And I'll say this, Mike, you and I, you know, have people that we work closely with this office. You do not want a leader that's like that getting angry or upset about things. I have no problem with that. Being irrational and almost crazy is a problem to me. Right. Like, again, I would I if Mike Lomas, I'm going to use Mike Lomas as one of the founders of the firm. If I saw him and his wife yelling and screaming at each other and report came out and said, Mike Lomas cornered his wife in the home, of course, we would have a conversation with Michael. We'd be like, what's going on here? No doubt. Mike Lomas doesn't do that. Why? Because he's a rational, normal person that understands how to live day by day. Right. Same thing with Glenn. Mike, same thing with you. That's that doesn't happen to normal people. It doesn't matter if you're Republican or Democrat. That should not happen. And that is a crazy thing. When you think about that guy's running a whole county. Yeah. Well, and again, the pattern of behavior. And yes, that's a domestic issue. And we talked about shooting the process server. But look at how he lashed out at Hannah Buehler from Channel 7. Look at how he got all angry with Byron Brown. The head on to where we began about Stefan. The headlines of that storm very quickly turned to that spat and how he treated Byron Brown. Name any natural disaster in all of the world where the story was. Look at these elected leaders bickering. And that was such a time to shine as the city. Good neighbors. It was a time for them to say, hey, they did the storm. But look at look at how they came together. And instead it was this pissing match between it. How embarrassing. I will say Byron Brown didn't really even I feel like go back. He was just like, whatever. I thought he actually handled it well. He did. Yeah. I give him a lot of credit for that. Yeah. If anything, I mean, you'd say to each other, you know what? We'll do this later. Like right now, this is what we have to do. We have to figure this out. We have to save people's lives. We've got to put that other stuff aside for now. But to your point, Chrissy, you know, when you you see someone behave this way, like if I witnessed someone be that way at first, I'm thinking it's like a one off bad moment just happened to me. But when you start hearing story upon story, to your point, yeah, it is a behavior. The other thing is when you get to the point where you are doing that, you are chasing someone down to get your cell phone back. You might allegedly got physical to get your phone back and then people are screaming around you. To me, that's a sign, that's evidence that you don't have the capacity to sit back, be patient and be thoughtful and actually figure out a better way. And that goes back to job performance, but also personal behavior. If you are flipping out, the first thing you do is flip out and then you're seeking forgiveness for that. That's a problem. And that's Mark Poloncarz. And if people continue to think, heck, 12 years of this and we want more, you might have a problem, folks. You might you might seriously have a problem if you don't think you need to make a change. Let's go to this. I mean, you know, I've seen over the years you see Lynn Dixon, the last election, loses by about seven points before that, Ray Walter, 2015, he loses by only getting about a third of the vote. How can you win? How can you win against him in a in a in a county where you feel like his supporters will just continue to forgive, keep giving him a break? And then here he is in office again. Yeah, that is undoubtedly something that can't be ignored. I I'm not stupid. I know that this is David going after Goliath. I know this is my first time running. I went from zero to one hundred. I get that. But I also know that I have the leadership, the personality, the demeanor to keep fighting until we cross the finish line. To put your answer your question in simple terms, I think people are starting to wake up. I think people are fed up. I think they're tired of what's been going on. One of my lines that I've quickly learned from this past month is Nimba, not in my backyard.
A highlight from "Fiat Ruins Everything" with Jimmy Song + Bitcoin Art, Education, and Fun with Bitcoin Trading Cards - August 28th, 2023
"Hello, and welcome to the Cafe Bitcoin Podcast brought to you by Swan Bitcoin, the best way to buy and learn about Bitcoin. I'm your host, Alex Danson, and we're excited to announce that we're bringing the Cafe Bitcoin Conversations Twitter Spaces to you on this show, the Cafe Bitcoin Podcast, Monday through Friday every week. Join us as we speak to guests like Michael Saylor, Len Alden, Corey Clifston, Greg Foss, Tomer Strohle, and many others in the Bitcoin space. Also, be sure to hit that subscribe button. Make sure you get notifications when we launch a new episode. You can join us live on Twitter Spaces Monday through Friday, starting at 7 a .m. Pacific and 10 a .m. Eastern every morning to become part of the conversation yourself. Thanks again. We look forward to bringing you the best Bitcoin content daily here on the Cafe Bitcoin Podcast. Hope you guys are doing well on this fine Monday morning in the late summer. I think we've got plenty to talk about here. We've got Bitblock Boom recap. We've got a guest later on in the show. Len Alden's new book came out. We've got a handful of news items to talk about. But really, I'm just glad to see Peter's on because Friday he promised us that he would be doing his own personal rendition of Richmond, north of Richmond. No, don't know it. Don't even really like the song, to be honest with you. Peter, Peter, I mean, now you're just playing with us. I'm sure your vocal cords are just not warmed up yet, so we'll give you a minute or two. And go fuck yourself. It's never too early for a G .F .Y. from Peter. So, hey, let's do a Bitblock Boom that offers on the table, though. Peter, any time you want to bust out your rendition, feel free to. We got Tomer, Dom, Mickey, Peter. Great to see all you guys. Jacob, of course, as well. Out of everyone who was at Bitblock Boom out of this crew. Mickey, were you there? No, unfortunately not. I feel like I'm the only one that was at the event of the people on stage. But if anybody in the audience was at Bitblock Boom and would like to share, you know, their their experiences and how good of a time they had, it'd be great to have you. Personally, it was an amazing, amazing time. I mean, just getting to see everybody and and having like technical conversations with people, meeting all the people that enjoy the shows and people. It was just it was just like one of the best experiences I've had. And it just seems like every time you're going to one of these events, all the people that you met from the previous one, it's great to see them. And then you get to meet new people and they just get better and better every time. So I really could not have had a better experience of Bitblock Boom, but I did miss you guys. That's awesome, Jacob. Thanks for that. And did you happen to hear roughly how many people go to Bitblock Boom? I'm sorry to say I've never been to one. I'm just trying to get a rough sense of the size compared to some other Bitcoin conferences. Lynn's on her way up. I think she'd have a better idea than I would. But I would say it's similar to Pacific, like fifteen to fifteen hundred, like two thousand maybe. It's not the biggest. So it's really like intimate to where, you know, if you do want to talk with people, then, you know, you're going to be able to to do that at one of these conferences like Bitblock Boom. Right. Right. Yeah, I think most people prefer that. And I do see Lynn up. So good morning, Lynn. Would love to get your thoughts on this. From what I hear, most people prefer that smaller setting. Fifteen hundred, two thousand, three hundred, you know, three thousand, something like that rather than twenty five thousand to thirty thousand at some of these other massive conferences. Lynn, good morning. I would love to hear your thoughts. Anything you want to share on Bitblock Boom if you were there? Yeah, good morning. Thanks for inviting me up. I was there and I really had a fantastic time on a number of levels. I mean, I just jumped into the conversation, but I think the comment was made that the size of the conference was smaller, which it was just I mean, it was the perfect size. I mean, I certainly didn't meet everybody there, but, you know, it's great to interact with a lot of people. You see people, you know, you get to meet a lot of people. It's an easy forum to meet people just the way Gary organizes a lot of those social events that are more interactive. But one of the things that I noticed is this is a long standing Bitcoin conference. And I think I'm hearing some comments that a lot of the conferences tend to have the same the same sorts of topics on stage. So you end up hearing things that you really don't hear. I mean, that you really hear pretty much every day on Cafe Bitcoin or on podcasts. And so the content isn't as fresh. But I found the content at Bitblock Boom this year really, really, really mind expanding. Like Bob Burnett's talk, I think in particular, I want to shout that out, was great. Just talking about, you know, block size space and just giving a lot of things to think about. I thought Natalie's talk was fantastic, too. We don't often hear her as a speaker. We hear her as an interviewer. And I really enjoyed her conversation just talking about a media perspective and things that we all can do to kind of contribute to the space.
A highlight from Self-Sovereignty 101 with Deep State Mechanic and Why Bitcoin is Winning with the Caf Bitcoin Crew - August 14th, 2023
"Hello, and welcome to the Cafe Bitcoin Podcast brought to you by Swan Bitcoin, the best way to buy and learn about Bitcoin. I'm your host, Alex Danson, and we're excited to announce that we're bringing the Cafe Bitcoin Conversations Twitter Spaces to you on this show, the Cafe Bitcoin Podcast, Monday through Friday every week. Join us as we speak to guests like Michael Saylor, Len Alden, Corey Clifston, Greg Foss, Tomer Strohle, and many others in the Bitcoin space. Also, be sure to hit that subscribe button. Make sure you get notifications when we launch a new episode. You can join us live on Twitter Spaces Monday through Friday, starting at 7 a .m. Pacific and 10 a .m. Eastern every morning to become part of the conversation yourself. Thanks again. We look forward to bringing you the best Bitcoin content daily here on the Cafe Bitcoin Podcast. All right. All right. Good morning to all of you Cafe Bitcoiners. Good morning, John Bay, Peter, Ant, Wicked, Jacob, and all the awesome folks out there. Monday morning, once again, we're doing it again. Today is Monday, August 14th, 2023. Welcome to Cafe Bitcoin episode 411. Our mission for this show is to provide the signal in a sea of noise, teach the other 7 billion people on this planet why there is hope because of this bright orange future that we call Bitcoin. Today's show, we're going to be talking about BTC and politics, legal cases, why Bitcoin is winning, among other things. Later, we have Deep State Mechanic, aka Grass -fed Bitcoin, is going to be joining us to talk about self -sovereignty, security, OPSEC, join market, maybe? I hope. We'll see. Let's get rolling. I hope you guys had a great weekend. First thing that's up, there is a libertarian candidate in Argentina that is leading in the polls. You would have imagined in Argentina's presidential primaries, libertarian candidate Javier Millet took first place. Defying pre -election predictions that placed him in third place. And here's an interesting quote from this cat. He goes, the central bank is a scam. It's a mechanism by which politicians cheat people with the inflationary tax. Bitcoin is the natural reaction against central bank scammers. All right. So what do you think? Is this guy legit or is he just another? We can't trust him because he's a politician guy. Is this the guy that's currently shadow banned? I don't know. Is he shadow banned? It's hard to say when it's someone in a different culture, on a different continent, in a different country, that that's just difficult to surmise. Did anybody have any thoughts? Go ahead, Michelle. Good morning. Good morning, guys. I don't have any personal thoughts, but I will say that we have several developers in my office from there and they are all super, super excited. So just a note. It's cool. Like it's yet to be seen, right? It's like, watch what they do, not what they say. However, I mean, that's pretty vocal. The central bank is a scam and it's used by politicians to cheat people. Yeah, I mean, you're setting yourself up for self -destruction if you say something like that and then you go in and you do something else. I don't know. I suppose it's what any of them have done, but dang, it's pretty strong. At least they're coming from a place where the currency has been, has been completely devalued, what, three times it's been completely turned upside down? It's, has it? I feel like it's been more than that. I think it's three times. I think I've heard stories of people who have had built wealth and then had it destroyed by the, by the inflating currency. Let's figure out the exact number. We have a lot of smart people up here. Somebody who has access to Google and is not, doesn't have broken fingers. Let's figure it out. How many times has Argentina hyperinflated? It's been a lot, I think. I think it's four. What does it mean to hyperinflate multiple times? Like, are you saying like it goes through a bout of hyperinflation, then it subsides and then it goes through another one? Yeah, the currency actually hyperinflates, then collapses. They reset the currency, then it does it again. Too many times. The guys at my group chat are saying that it's four. All right. I feel like one time should be enough, right? Like if you have a hyperinflation one time, you would think the people would be like, yo, this system sucks. Let's do something different. Well, I mean, they did, which is why nobody ever saves in Argentinian pesos, right? Like no one does that anymore. And they all know that it's a shit system, which is probably why it's hyperinflating again over and over because no one actually believes in it. That's a fair point because confidence is a critical component of the stability of a currency, right? And if the people inherently just think it's garbage, then that would, that makes some sense. Wikipedia says since 1816, it's defaulted on its debt nine times. How many times has the United States defaulted on its debt? I don't know. It depends how you define default. Yeah, probably zero, according to Wikipedia. I did the, uh, shadow band tester and yeah, his account is, uh, it's not shadow band, but he's not showing up in searches. If you look for him, apparently what's the shadow band tester. Oh, you haven't been shadow banned yet. Peter doesn't believe that's a thing. He thinks they're all nice. But now what is that word? Benevolent third benevolent people. They don't do things like that. As a well -worn battle scarred, uh, survivor of multiple shadow bands over the years. Let me tell you that it does exist, Peter. I never said it didn't exist. That was Alex putting words in my mouth, trying to trigger me as usual. But I do something like that. Come on, Lynn. Good morning. How are you doing? Can I hear you? Don't know what's going on with that. So Lynn Alden tweeted out that she went, she's heading back to Egypt for the rest of the summer. Different line by the way. Oh yeah. Sorry. My bad. Thank you for clarifying that Lynn Alden. So we have Lynn B who's come up on stage and she's working out her mic issues and we've got Lynn Alden. Who tweeted she's heading back to Egypt for the rest of the summer and over the last 18 months or so, their currency has been cut in half relative to the dollar. So this is an interesting thing that's going on. So you've got this, there's this concept called the race to the bottom where countries around the world to remain competitive, essentially devalue their currencies intentionally versus other currencies, um, on the international game board, so to speak. And so all currencies are devaluing against the U S dollar and the U S dollar is devaluing against everything. It's, it's a wild time that we live in Peter. So chat, uh, uh, GPT says that there's four, um, one of them being the first one being the great depression in the 1930s, but then it happened again in 1989.
A highlight from Part 1: USAs World Cup Collapse, Basebrawls, Jets Optimism, Life in The G-League and The OC 20 Years Later | with Gabe York and Zoe Simmons
"Coming up, an unexpected two -part podcast cameo from me. It's next. We're also brought to you by the Ringer Podcast Network, where we turned over Sean Fennesey and Amanda Dobbins' big picture feed to Brian Raftery. It's a narrative podcast called, Do We Get to Win This Time? How Hollywood Made the Vietnam War. You can find it on the big picture starting on Tuesday. And it is an idea I'm really excited about because it came from a class that I did as a senior in college in 1992. Me and my friend Horgs talked a movies professor into doing a special Vietnam War movies class where we watched basically every Vietnam War movie that had been made up to 1992 and then tried to write a big picture term paper about it. And the thing that was really fascinating about that class and something that stuck with me was just that whole concept of Hollywood reinventing the entire Vietnam experience under the premise of, Did We Get to Win This Time? So we got Brian involved and he turned the idea into an awesome, awesome podcast. I even went and dug up the term paper that I wrote 31 years ago. I thought it was gonna be horrendous. It wasn't bad. I was kind of proud of myself, retroactively 31 years later. Anyway, Do We Get to Win This Time? How Hollywood Made the Vietnam War. It is gonna be in the big picture podcast starting on Tuesday. So that's one piece of business. Second, new rewatchables on Monday night. It is the 300th movie that we've done. It's a special one. We're doing National Lampoon's Vacation. It was time. Meet Chris Ryan, Van Lathan. Yeah, and Van was pushing for it because we wanted to do Christmas Vacation during the holidays and you can't do Christmas Vacation. If we do National Lampoon's Vacation, super fun. Can't wait for you to listen to it. And we'll be running the video at some point on the YouTube channel, youtube .com slash Bill Simmons, where we put up a whole bunch of rewatchables podcasts in case you missed it. Boogie Nights is up there now. Goodfellas, Independence Day, just a slew of them. So if you're bored and you wanna throw on some rewatchables and watch us make fun of each other, there you go. Last but not least, I don't wanna say this is the most important, but it's certainly the thing I spent the most time on. Our documentary that we did about the G League with Religion of Sports and Ringer Films, we combined, and it is premiering on Tuesday, August 8th. It is called Destination NBA, A G League Odyssey. It's really good. We immersed ourselves into the G League season. We followed Scoot Henderson, Gabe York, Ryan Terrell, Mason Jones, and Denzel Valentine. And the big question was, what is this world like? What's it like to be in the G League? And I am really proud of where we landed with it. And we even have, much later in this podcast, Gabe York is gonna come on. He's one of the five that we followed, and he's gonna tell us what it's like as you're holding on to your dream in your late 20s. We try not to spoil the doc too much with Gabe, but I really liked him. He's probably the guy that jumps out of the doc in the most sympathetic way. So look forward for you to watch it. It is prime video, Tuesday, August 8th, Destination NBA. A G League Odyssey. You love basketball, just watch it, it's good. So there you go. This is gonna be part one of a two -part podcast. Gabe is coming up later. My daughter Zoe Simmons is coming up later because we did a whole bunch of OC stuff on the Prestige TV podcast. I was even on two of the episodes. But I ended up watching season one of the OC. And my daughter was watching with us and loved the show. And she was born a year and a half after it premiered. So me and her broke down season one from the perspective of what is it like when somebody 18 watches the OC, a show that is now two decades old. The anniversary was actually August 6th. And what she liked, what she didn't like, what people aren't doing anymore for her kind of audience. And we just dove into it. So that is much later. First, coming out of the gate, I'm gonna open a six -pack because we have a lot to discuss over the past three weeks, all the stuff I missed. So that's gonna be part one. And then part two, which is gonna go up later on Sunday night, me and Rossello doing this evergreen idea that we've always wanted to do. And this seemed like the perfect time because nothing's happening in basketball. So that's gonna be part two later tonight. Part one coming up. First, our friends from ProJax. What's up? All right, I'm taping this. It is Sunday afternoon Pacific time. And I'm gonna open a six -pack. There's a bunch of stories in sports and culture that happened over the last three weeks. I was just writing stuff down, things that would have been fun for podcast segments. I was just like, man, I wish I could have given my thoughts on that. Just gonna rip through them. So I have six and then maybe a couple bonus ones at the end. The first one, the biggest one, was the US women's soccer team, which lost today in penalty kicks to Sweden, scored zero goals in the last two games, scored one goal in the last three games, and that was off a corner kick. You could feel from the beginning that something was off with this team. It was all the ways. You knew in a checklist of what are the red flags? There were just red flags galore. And the only person who was really calling it out in time over and over again was Carli Lloyd, who was doing the Fox studio show. And she was the one person in the horror movie who knows the house is haunted. And everyone's like, shut up. You're not being patriotic. You just wish you were still on the team. She was right. She was right from the get -go. This team, you could see it before the Vietnam game when it was like, look at the new Nike suits. Look at these new suits. And they're all like styling as they head into the locker room. And they're running commercials. And every player has a commercial. There's players who've never done anything of that commercials. And the vibe was just off. They only beat Vietnam three -nothing in a bracket where goal differential was gonna be super -duper important. And that was a huge red flag. And we did the usual thing that we've been doing since 2019, 2015 of, oh, well, they almost scored a bunch of times. Oh, well, if that had gone in or some bad luck. There was just an arrogance to this team. Like they were carrying themselves like the defending champs, the same way like the Denver Nuggets would go into next NBA season. Like we're the champs. I was like, yeah, you are the champs because the season just happened. The World Cup happened four years ago. Everyone's four years older or wasn't on the team. And you could see they wanted to build the team instead of around the identity of, here are these new up and coming awesome stars that are gonna be in your life. They were really latching on to Alex Morgan and Megan Rapinoe. Alex Morgan's 34, Megan Rapinoe's 37. I think one of the differences between the discourse with women's sports and men's sports is that in men's sports, we grasp for angles. And if somebody is disappointing in some way, we really go nuts. Like think of how James Harden's been treated over the last 12 years. So he's one of the 35 best players ever and has taken just an incredible amount of shit. Oh my God, the playoffs, look at his game log. Oh, he choked again. Alex Morgan, who scored twice in her first two games in the World Cup in 2011, she scored once in 2015 in seven games. She scored six times in 2019, five against Thailand in a game that was 13 to nothing, one in the other six, and then scored nothing in the four games this time around. If you take away that Thailand game, she has scored two goals in the last 17 World Cup games. This is the striker. This is the one who's supposed to be the most dangerous player in the field, who's supposed to produce goals. And she hasn't produced goals since the mid 2010s on the national level. And yet it's Alex Morgan. She was supposed to be the next one. We got to keep propping her up and pretending she's a superstar. She's not a superstar. She's really honestly never been a superstar. She certainly hasn't been as impactful as somebody like Abby Wambach was. So you have the team built around her. She's got to play. They play her the entire game, game two, the entire game, game three. She plays like 95 minutes in this game today, and they don't score goals. And the announcers just won't talk about it. It's like being on an AYSO team that your kid's on, and the coach is playing somebody at striker, and everyone's like, why don't they play Sally at striker instead of the coach's daughter? It's like, oh, you know, the coach's daughter. She's got to play there. So you have that, and then you have Rapinoe, who's 37 years old, who's just, unfortunately, great career, legendary, true legend, huge big time player. And when you hit your late 30s in soccer, it's a wrap. She looked like Yudana Rapinoe, not big Rapinoe, and comes out for the last 25 minutes of this game and can't do anything, and then misses the penalty kick. That's the thing. If you're beholden to past performance, you can't expect to succeed in the moment. And I did feel like, what were this team's strengths? Speed. They had Sophia Smith, who really was bad the last three games on the left wing. Like, she just, she couldn't even connect passes. Trinity Rodman, who's a beast. Lynn Williams, who's super fast and athletic and had some really nice moments the last two games. And then Alyssa Thompson, who's the prodigy, who's the, you know, potential tiger or LeBron of this team. 18 years old, best high school player I've ever had. They won't even throw her out there. But this was not a team that could connect passes. They weren't, like, especially creative. The coaching was just bizarre, and we'll never see that guy again. But it was like, the one thing they did have was speed, especially the forwards, and they just threw that away. And Alex, you know, couldn't do anything. So now they're out. It's the most disappointing finish of the last 25 years for the women's team. And it reminds me in a lot of ways that 2004 Olympic basketball team that we had, the USA team. And I tweeted this, I think after the second game, because that was a team that was between eras, like this one was, where all the best players on that 2014, the ones in their primes, weren't that good, except for Duncan. And Duncan was completely banged up. He'd played so many NBA games the last couple of years. I think his knee was hurt. But, you know, it was Iverson and Marbury. The talent, it just was a between eras. And you had guys on the bench, like LeBron and Carmelo and Wade, who were four years away. Kobe wasn't on the team. And it just felt generationally, like we caught that team in the wrong time. The style was wrong. And we learned all these lessons and we moved on. 2008, we win. There's a documentary about it. But this team felt like it was between eras. The Alex Morgan, Rapinoe era, which was basically done. And then you have this era coming up with Rodman and Sophia Smith and Alyssa. And, you know, it's just four years from now, we'll probably be fine. But they need to re -imagine this. And I think if you're gonna learn any lesson from this, it doesn't matter what happened four years ago. It's the World Cup. It matters what's happening now. So that's one thing. Second thing. So Jaylen Brown gets this huge contract, $304 million. Some people seem surprised that it was that much money. Chris Ryan even took a shot at it when we did our library watchables. Hurt my feelings a tiny bit. Mainly because I didn't really have a comeback. Rosella did something on his podcast about how this actually makes sense. This amount of money, when you think of how the salary cap has climbed just since 2015, and it's gonna keep climbing. And there's this world you can go into where you think about just how much everything is gonna cost in the NBA four or five years from now, that Jaylen Brown at $70 million isn't actually gonna be that intimidating. The same way we feel about Tobias Harris for $40 million now, or Klay Thompson, $40 million now. Yeah, you don't really wanna pay $40 million for Klay Thompson, but you can survive it. And I think that's gonna be where the Celtics land with Jaylen. Here's why they had to do it. They're the favorites on FanDuel right now. They're plus 470. The thing that made them the most special and has made them the most special for the last five, six years is the Jaylen Brown -Jason Tatum combo. They've been incredibly successful. The team itself has made five conference finals in the last seven years. They came super close to making the finals last year. I have now gone into the what if zone with that Celtics team where what if Tatum doesn't hurt his ankle on the first play? Do we beat Miami? They were close is the point. And when you're that close, you can't fuck around. This is not Bradley Beal resigning with Washington for 50 million a year when everybody knows you can't get past the eight seed with Bradley Beal. This is different. You're trying to win a title. You're trying to keep all your optionality open. The thing that's a little scary about it, nobody seems to totally know if he wants to be in Boston. This is something we've discussed on this pod. It's been floating out there. The fact that he wasn't happy about landing in the Kevin Durant trade rumors a couple years ago. And just in general, where the league is now, where as Woj called it, the transfer portal, where people get their contract first and then they decide what they want to do. And I think for the Celtics, they know they bought themselves a year with Jalen and they are still one of the favorites to win the title. And a lot of it's going to depend on health and Porzingis. You could also, I don't want to make the case, but you might be able to make the case that Brown had a fucked up hand last year. Cause he did. Cause he sliced his hand open. It was bleeding even during the Philly series. And maybe that was why his ball handling went sideways. Listen, you got to do the contract. It just breaks your brain. I remember a million years ago, Sports Illustrated and Inside Sports say every year they would have like a salary issue. And they would talk about these guys are making $1 million a year. And it seemed like so much money. And now where we're heading with the money, plus the NBA is the meteorites deal. The moment any of these guys becomes unhappy, what do you do? Because you're paying Jalen, let's say you're paying him 55 million a year. Plus he is the trade kicker, which the team has to pay. Right? So if he decides after a year, you know what? I'm tired of being the scapegoat. Everybody loves Jason. I'm like the middle brother of this team. I want my own team. I want to go to Houston or Atlanta. You got to trade me. What are the Celtics going to do? On top of who would want out, you don't have a lot of options and you turn into what the situation Portland's in with Deem. And then on top of it, it's so much money. It's impossible to get any sort of a fair trade for the guy. So they had to do it. And optionality the that comes out of it is frightening. I remember in the early 2000s, when the first time the contracts kind of went nuts and you would see that people get signing like six -year, $100 million deals, seven -year, $110 million deals. And the Celtics really, really stupidly traded for Vin Baker. One of the worst trades of the last 30 years for Boston Sports. A trade so bad, you knew it instantaneously. And I wrote a piece that you can probably find somewhere in the ESPN archives about it, where I compared it to the end of Thelma Louise when Harvey Keitel is running toward the cliff trying to stop the car from going off the cliff. That's how I thought about the Vin Baker trade when it happened. Then it happens and you just had this salary albatross. It's a salary cap league. And you're like, wow, we just threw away 20 % of our salary cap on this trade. There's going to be a couple of those that are just franchise killers. And whether that leads to them bringing back the amnesty clause, who knows? I wish, I've made this, I've had this idea before. I wish that they had a rule in there that if you drafted a guy, every year that he stays in the team, you get rewarded in some way from a salary cap luxury tax type thing, right? So Jaylen was 2016 draft, this would be his eighth year. Maybe like after the seventh year, because that's usually like the third contract. The guy stays in the team, maybe each year after that, he doesn't count for 2 % of the luxury tax, up to like 30%, something like that. The point is the Warriors should be rewarded for keeping Draymond and Klay and Curry from a tax standpoint, that they were that smart to draft those guys, keep those guys together. They should be incentivized, the players, to want to stay with them because there's some luxury tax stuff that the team gets. And the team should want to be incentivized to take care of those guys because it's also beneficial to them. I just wish they figured out some version of that rule. Anyway, Jaylen was always signing for $304 million. Talk to me in a year, I'll keep my fingers crossed. Next thing, I missed the running back pity party. This was crazy. The running backs all got together and they were really upset about how much money they made. And I don't know what to tell you. There's too many running backs and not enough running back spots. And I don't know if you're trying to build a responsible salary cap team in a collectively bargained era, why would you spend $30 million over two years on a running back unless the running back was awesome? Nobody even wants to spend more than $11 million on running back. So I knew that this was crazy when Damien Harris, who was on the Patriots, who I thought was really good. He's maybe not an elite running back, but a good running back, right? Somebody that if he had been on the Chiefs, he easily could have started for the Chiefs. And he signed with the Bills for like one year, 2 million. And when that happened, combined with Pacheco on the Chiefs' seventh round pick, they won the Super Bowl with him. It's just, this position's devalued. I work on this player, I've been actually working on it the last couple of weeks where I try to rank the players for blue chippers, red chippers, pink chippers, honorable mention, and have this whole point system. And so quarterbacks, Mahomes, who's the alpha of that position, he's worth 10 points. And you could even see this in the point spread. If Mahomes gets hurt, the Chiefs are 10 points, nine points, whatever, less than what they would be as a favorite. They'd switch to an underdog. And you go on down the line. Jalen Hurts, I had him as an eight. I had Joe Burrow as a nine. And you go on, you keep going down, and it's like, Geno Smith's probably a two. But then you look at some of the other positions and you have to value them the same way the salary cap values them and teams value them. Guards, they aren't worth that much. Running backs, sorry, they're not worth that much. My top running back was three points because ultimately running backs don't really matter that much. In the last like five, six years, I would say Derrick Henry was the only running back that you could definitively say, this guy almost won the Super Bowl. Like he was that good. Other than that, you know, it's plug and play, quarterbacks, it's receivers. It's much harder to find the number one receiver. Every team needs one. It's much more tangible if you don't have the number one receiver. And it's much easier to just kind of scrap together the running back position. And yet people went nuts about this. We ironically had this in the NBA with centers. You know, Vucevic, who's a really good offensive player, he signed for 60 million for three years, 20 million a year. And Jaylen Brown's going to make $52 million a year. Is Jaylen Brown two and a half times better than Vucevic? No, it's just, he plays a way more important position. You can only play one center at a time. You can patch together the center position. You could have like Isaiah Hartenstein for $8 million. You could, you know, get Robert Williams for 16. You don't need to spend what Phoenix did on Eaton where they're paying $8 and $30 million a year at center. And you don't really need to do that. You kind of feel obligated if you don't want to lose the asset. But I think the NBA is going to go this way eventually where unless it is Jokic or Embiid, the center or Bam Adebayo, it's a bonus. You could argue that was already an overpay. They gave him a huge extension. The Lakers just gave Anthony Davis $60 million a year as an extension. I would argue that's a little frightening. I feel like you could patch together the center position. What really matters in basketball is having the creator. And this was the argument five years ago with Luka versus Eaton for the number one pick. And I made this argument. It was like, go look at who wins the NBA title every year. It's always the people who have the creator. There's somebody who's on the perimeter of the ball in their hands. Even Jokic, who wins the title this year, he was a creator. He's not a typical center, right? He's basically their point guard on offense who could post up. So this happened in the NBA. Nobody went nuts. And this is happening in football. And is this where football is. If you want to make the most amount of money playing in the NFL, I don't know why you would be a running back. I would be a cornerback. I would be a wide receiver. I'd be an edge rusher. But if you're a running back, you know your shelf life's probably like five, six years. You know the money is not totally gonna be there. Now they're in this, like you have people like JK Dobbins, like, I might hold out. It's like, really? You didn't barely even play in the field. Barkley said he was gonna hold out. And then, you know, probably looked at it. And the money for Barkley is like 10, 11 million. That's unfortunately the market. So you can't fix this. They collectively bargained it. And until we get to the next CBA, I don't know how you fix it. I thought it was really weird. It felt like people had nothing to talk about. And it was like, ah, let's feel bad for running backs. All right, let's take a break. And then I'm gonna finish the rest of the six pack. All right, picking up on the six pack. We're gonna talk a little more football. I talked about the running back pity party. This is a different kind of party. The Jets optimism, which has just been stunning to me over the course of July. I have Jets fans in my life. These are people that usually have no hope and are very reminiscent of the pre -2004 Red Sox fans, just assuming the worst at all times. Why does God hate us? All that stuff. And now they have this crazy optimism based on the fact that they brought in Aaron Rodgers, who I did not think was very good last year, just throwing that out there. I wouldn't say he was bad, but for Rodgers, he was bad. I mean, we thought Rodgers was, he was the reigning MVP and we thought he was still one of the five or six most impactful players in the league. And I don't wanna read stats to you for the next six minutes, but deep balls, he was bad. Turnovers, he was bad. Leadership, he was bad. And the case for Rodgers coming back would be, well, he's gonna be rejuvenated. The Jets, New York City. This is his team. He got away from Green Bay. He's got Hackett back. I get it, but he's also at an age where we've really only seen Tom Brady succeed at a high, high level at the age that Rodgers is at. I was trying to figure it out. I have my QB ratings and I had, you know, the top tier is Mahomes and Burrow and Allen and Herbert and Hertz. Those have to be the top five. Then it drops off and it's Lamar Jackson and Lawrence. And then Rodgers, probably a hair underneath him with a chance to play himself up with those guys. But from what we saw last year, I'm not ready to put him there. So he's the 10th best quarterback in the league, probably. 10th or ninth best quarterback in the league, probably. Well, they have no offensive line. And I don't understand why people keep glossing over this where it's like, hey, Rodgers and Garrett Wilson, he's one of the best receivers in the league and Breece Hall's going to come back and the defense is really good. And it's like, yeah, the offensive line is terrible. Beckton and Dwayne Brown, sure tackles again. And then you have Robert Salah as the coach, who I cannot say I thought that Jets were crisply coached last year. Whatever he was doing with Zach Wilson was insane. No idea if that guy's even a decent coach. So I'm already worried about your offensive line, the age of your quarterback, and the competency of your coach. And that's before we get into the hard knocks curse, because for some reason they're doing hard knocks, the incredible Super Bowl hype already. And then we have the schedule, which is the AFC East has just got screwed by the schedules this year. The Jets, just for quarterbacks in 17 games, they got to play Josh Allen twice, they got to play Mahomes, Herbert, Hertz, Dak Prescott, and Deshaun Watson. And then they also have to play Miami twice. We'll see what we get out of two this year. And then a really good Pats defense. And then Denver, who knows, they might be rejuvenated. So Danny Dimes, they have to play him. It is a brutal schedule, so you have that. And then on top of everything else, you're the Jets. I was there with the Red Sox before 2004, and this is probably just as bad, where you just think the worst possible things can happen is all the time. You're not allowed to have optimism when you're Jets fans. You can be cautiously optimistic. There was an entire Curb Your Enthusiasm episode once, season 10, episode seven, about being a Jets fan. And it was called, I think, the ugly section. Nick Kroll was the maitre d'. And part of the episode was about, he would put these people in different sections of the restaurant, depending on how attractive they were. But there was this other plot, Larry's buddy who loved the Jets, kills himself. And Larry becomes convinced it was because of the Jets, that the Jets killed his friend. This was only a couple of years ago. So now they get Aaron Rodgers, and everything's good. And they're gonna win the Super Bowl. I don't see it, guys. I don't wanna step on my football stuff too much, but I'd be shocked. And Lombardi points out the defense that everybody's ready to compare to the 85 Bears. Lombardi said they had two turnovers over the last eight games last season. So that means something too. I am dubious, to say the least. If you're gonna tell me a tortured franchise actually turns it around this year, I want a tortured franchise that doesn't have expectations. Because the Lions are another one. Everybody's ready to put them in the Super Bowl or close. And the only case for them is just pretty explosive offense. They couldn't stop anybody last year. And the NFC is terrible. But that's another one where is that a fan base that should be super excited and have a ton of hype? The one that's kind of lurking that fits in this group is the Browns. Because the Browns are actually super talented. They're in a winnable division. Burroughs already hurt. And I think they're four to one to win the AFC North on FanDuel, something like that. Their over -under is, I think it climbed up.
A highlight from BCB121_JOE CARLASARE: Macro Insights & Legal Hurdles
"Prognostications what about Bitcoin is going to do, you know, just and again, I don't want to get into a models debate, all this stuff. I understand that all models are wrong and models have utility and all this jazz. But when your average normie at the firehouse, which is what you guys talk to, right, when you tell them Bitcoin is going to be 10 million dollars in today's purchasing power in four years. Like, I mean, these types of things, like I think they're ridiculous. I mean, you lose credibility. And by the way, you ultimately set yourself up or at least set those people up to be disappointed. This is the Blue Collar Bitcoin Podcast, a show where Average Joe firefighters explore the most important monetary technology of the 21st century. We talk Bitcoin, we talk finance and we talk shit. Hello, and thank you for stopping by Strap In for an epic rip with Joe Carlessare. Joe likes to ruffle feathers. He is a lawyer by trade and completely at home with an argument that makes you uncomfortable. Honestly, that's what we love about him. He is not married to an idea. He is completely at ease, allowing the data to guide him. In this rip, we covered Joe's macro insights at length. The consensus view is that the recession is inbound. Joe makes a great case that this mystical recession could be further off than most people think. We cover some of the ongoing litigation with Coinbase and why it may not be nearly as in the bag as most plebs believe it is. Overall, you may not agree with Joe's takes, but you would be a fool not to listen to him intently. Throughout this discussion, we are reminded of just how many scammers proliferate in the crypto space. The only way that you can be sure that your Bitcoin is safely held by you and you alone is by cold storing with a cold card Mark 4. CoinKite has gone to great lengths to simplify a very complex idea and allow anyone who is worried about custodial risk to take matters into their own hands and actually own their Bitcoin. We highly recommend you get elbows deep in self custody. And when you set up a Mark 4, you will sleep like a baby knowing that you actually own your Bitcoin. Dan, I think the two of us have been more confused by no one else than Joe. Carlos, sorry, you confused the shit out of me, dude. I love you to tears. You're one of our favorite guests. We look forward to you. And I'm not just buttering your muffin unnecessarily here. We look forward to talking to you as much as anyone. Although Dan has a proclivity to butter muffins more than most. I'm a muffin butter. Yeah, I'm a talented muffin butter. But part of the reason we like talking to you is because you do confuse us. You're a bit of a contrarian. I confuse myself, by the way, for the record. Well, then, you know what? We're we're on the same page then. The other thing that's confusing about you, Joe, is your motor, dude, what spectating you. You're you're on Twitter spaces every goddamn time I log in. You're a lawyer by day. You are up to speed. It feels like on everything with markets. You're writing a novel. I mean, Josh, it has to be cocaine. I don't know what else cocaine. It's either cocaine or Joe is just way more adept at chat GPT than the most of us. Because is it actually lawyering for you at this point, Joe? It's the biggest my biggest advantage and also what I call a disadvantage is I sleep very little. I actually made it a goal to try to get more sleep. It's like one of the one New Year's resolution I'm doing terribly on. I'm doing great on everything else. But the sleep is awful. And my wife hates it because I'm like grinding away at something till two or three in the morning and waking her up when I go to bed. But other than that, like I've got a lot of things under control. Isn't that when the best idea happened, though? When you wake up at two o 'clock in the morning, you're like, wait a second, I should write this down. And then I fail to do it. And I wake up the next morning and I'm like, what was that great idea? It's like the great ideas you have when you're stillness and silence those down. And they're like, oh, that was stupid, guys. Honestly, the stillness and silence of late night hours are incredible. They're just incredible. I mean, I feel like today we're so accustomed to the bells and the dings and the guy calling you and you never get away from anything. And, you know, something's breaking. The suit is breaking. You can't have really deep thoughts even with yourself. So like I treasure those late night hours, even though they're terrible for me because I rarely get recommended hours of sleep. I mean, literally, I do my best thinking every night between midnight and one. I think it's an important point, though. Everybody, you need to carve out time to think and ponder beyond just finance, life in general. For me, I think my deepest thoughts, three spaces during workouts, which is also an inconvenient time. I'm in the middle of a freaking five mile run and I have a great thought and I'm like, fuck, my phone's back at home or it's in my, you know, that's number one. Number two, on walks in nature. And then three, my go to is fire pit out back at night, which is the same thing because I'm up till 11 or midnight. I shouldn't be, but looking up at the stars, the stillness of the evening is one of those areas where I really get profile, get cosmic. Ooh, Dan, I was a hundred percent sure you were going for taking a dump on number three. But wow, that's where Twitter happens. Yeah, that's where Twitter happens. Yeah. Do you run a lot? Is running an area? Are you like me, Joe, where you're in the middle of a run and you, something clicks? No, because running is when I really dig into audiobooks. So I have to, I have to double, double time that. So I'm, I'm almost always either listening to an audio book or a podcast when I'm running, which what are your, what are your audio books of choice? Do you do, is it fiction? Do you listen to, what do you listen to generally? I mean, I, I try to, I really think fiction's important. Um, not only because I have so much analytical, uh, material that I digest, right? Like I have to have a release in something about like, you know, the Stephen King book that just came out, fairytale, those sorts of things. I have to do that. How many books is that guy on? Oh, it's incredible. He's on like 55 books. I think the guy's like the most prolific author of all time. If you count all of his novellas, I think he's over 200. And by the way, he has another one coming out next month that I've already pre -ordered. It's called Holly. How the, it's gotta be amphetamines too, Josh. There's no other explanation. Cocaine. No, it's incredible how much you can achieve if you're always doing something right. And like, I, I constantly get, I'm actually trained myself, like at this point where I get very upset and nervous, like when I'm not doing something productive. Um, my wife says I can't relax. Like, she's like, you're always talking to somebody, you're always writing something, you're always reading something you need to relax. And she's right. Right. So that's like why I gravitate to those early morning hours, you know, uh, midnight to 2 AM. But, but honestly, like, I feel if you do it enough and you're constantly busy and like in my line of work, guys, I have to account for every 10th of a minute. Right. I bill. Right. So to me, I got so good at like getting my billable hours done so that I have additional time to devote to my other resources. It all spiraled into all these other areas where I'm like, now I just always am reading something, writing something, doing something, talking. It's, I'm not saying it's good, it's good way to live, but, uh, it definitely makes you productive. Talk to us about this novel you're writing. Oh yeah. I can't go too far into that, uh, you know, cause I'm, I'm, I'm, I'm going to save it, but it's a, so it's, uh, it's loosely inspired by some elements of Bitcoin in cases that I've had legal cases. It's a legal thriller. I am not the protagonist. I'm not cool enough to be the protagonist, but there's more of a, there's more of a traditional, uh, you know, a legal protagonist that is, uh, mixed and matched into some real sticky situation. And at the core of it is Bitcoin. Um, so I think people are going to read it. And my goal is this, like, my goal is that people, uh, enjoy a good story. Like a solid story with good character development. I mean, obviously there's a great character arc for the people that put in there, but beyond that, what I want people to take away from it is I want them to sort of understand some things about Bitcoin. You don't get through the popular culture, right? All you hear about is price, price, price, right? You don't hear about how Bitcoin is stored. You don't hear about how it's sent. You don't hire about private public key management, all these really intricate, intricate things that we geek out about in Bitcoin spaces and on Twitter about like, I want them to actually play a role in a narrative. Have you written another book or no, is this your first book? Uh, this will be, I mean, I'm saying even just for fun, not published. Have you tried other ideas? Yeah, I have tried other ideas. I mean, like I was writing short stories and stuff going back to grade school, but nothing that I'm proud of or this one, I will, I will get published. Right. I mean, that's the kind of intensity I'm approaching it with. Awesome. I'm excited about it. And I'm excited because I don't think there's any real, I was talking with American huddle about this. There's like no real good. I mean, even if you throw in crypto, there's no real good crypto movies, stories, fiction out there, right? There's nothing like there's that really. Hopefully somebody makes an SPF movie. Oh, I'm sure there will be. I mean, there's certainly something on that. I have a buddy actually, who's a, who's a screenwriter. He just wrote and directed a film. It's going to be out. It's called Pools. His name is Sam Hayes. He has been, he's one of my best friends, roomed with him in college. He, him and I have been talking for a couple of years about the idea of him writing a Bitcoin screenplay. And he is, he texted me about a month ago and then I saw him on a trip and he's seriously considering embarking on that project. So shout out to Sam. Hopefully that gets off the ground and we'll update if that's the case. Cause yeah, there's a real void of content in a space that could really use it. You have an immediate captive audience if you do it right and you do it thoroughly. And Bitcoin's money, right? So like how many interesting thriller ideas could you have where money is the goal, right? Heist movies, all these different things. Like with Bitcoin, I mean, I think it's just, it's a, it's kind of weird that it hasn't been more. Yeah, yeah, it really is. The guy who lost the laptop with like a hundred thousand Bitcoins on it. I mean, that's gotta be, I don't think his story has ended yet. He's probably still digging through that, that dumps, that dump site himself, but when he does end up, you know, offing himself afterwards, they'll be a good movie about it. Josh, I'm almost afraid to box in a wild animal like Carl Asare with a question off the top. Should we just, let's just throw it to you, Joe, what, what, what's on your mind today? How do you want to start this conversation? And then we'll, we'll go from there. So I think you have to start the conversation with what's going on in the economy. So I mean, as much as I'm passionate about Bitcoin, right? I love Bitcoin, but I always have to step back and say, okay, here's where Bitcoin fits into the broader macro picture. Right. And that's important because my belief in Bitcoin is continually confirmed by the mess that's going on in the macro picture. I have very different views, as you know, about than many of the macro Bitcoin people, which is fine. We have great spirited debates, but like the notion now that we're sitting here in 2023 and you're sitting with rates, you know, bearing down on 6 % or within an earshot of 6 % in the Fed funds rate. And you just saw a massive jump in tax receipts today. I mean, then you saw some economic data for the last couple of weeks that is continuing to be strong and robust. I think it would completely confound people. Like if we were on this podcast last year when we were talking with Greg or whatever, and I were to tell you, nope, the economy will be cruising along. We'll still have secular lows and unemployment. We'll still have a real estate market that is frozen. But obviously, prices are crazy. You'll have stock market with the stock market will be within 5 % of the all time high. And by the way, you'll have Jerome Powell saying that he's not going to cut rates for two years. I mean, just it would be awesome to go back in time. Right. Because, like, I remember being in these spaces and really smart people like, you know, I remember vividly talking with Lynn Alden and she was asked a question. Do you think the Fed can raise rates? And her response was, no, not for any significant period of time. Well, they're over a year now. Right. And if they hold them there, as they say, for another two years, does that qualify as a significant period of time? And you have to wonder why. And we can, you know, as detectives, right, like when you're analyzing this data, you shouldn't get tied into these narratives or tropes about here's how this works or here's how this. And every time the Fed raises, things blow up. You have to really approach it like a detective. You can have a hypothesis. You could have a theory or prime suspect, but you got to finally dig under the hood and figure out what's going on. And I think that I'm continually trying to get closer and closer to what's really going on. That's what I want to talk with you guys about on this program. So do I have the ability here to like share charts? Is that like something that? Yeah, you can, but we we've had issues with that in the past. But I mean, I say send it and we'll try to sort it out. Do you see the share button down there? Yeah. OK, yeah. Go for it. Just for this one, if it doesn't work, it doesn't work. Right. OK, let's see. While pulling you're that up, I mean, I continue to go back to just the age old adage, more money is lost preparing for bear markets than actually in them. Oh, yeah, I mean. And there's a ton of truth to that over the last couple of years. It's like, but no, just wait. And the timeline keeps moving out. So, oh, it's going to be next quarter. No, it's going to be next quarter. No, it's going to be next quarter, assuredly. Well, it's still not coming. I've sat through major bear market drawdowns, right? I've sat through huge, terrible gut wrenching movements downward in Bitcoin. And at the same time, I focus a lot on the macro data. And people ask me all the time, well, why are you spending all this time on the macro data if you're not going to sell Bitcoin, if you're not going to try to trade the market, if you're not going to time it? And the reason is it's not because I'm trying to look for a trading edge, right? I do do some limited trading here on certain macro assets, but that's more of like for fun. You know, that's like 5 % of my portfolio. The vast majority of my stuff, both stocks and Bitcoin is long term hold positions. The reason I focus all on the macro information is because I want to know how close we are on the progression towards a movement, towards Bitcoin. It isn't because I'm trying to time and double my stack or things like that. It's because I want to figure out like, OK, is this really significant? You know, remember we were talking about the banking crisis back in March, right? I was looking at it objectively. And, you know, while it appeared scary at the time, right, I think like there was plenty of evidence to suggest it was a tempest in a teapot. It wasn't necessarily going to spill over and move to the Bellagio route of, you know, collapsing the entire banking system. There's just you didn't see those issues systemic throughout the entire banking system. But anyway. Hey, Joe, before this chart, I want to just ask you a simple question. Warren Buffett has said over and over again, he doesn't worry about macro. He worries about, you know, the specific companies, the moat that they're creating. And that's why he his basic thesis is that macro is just so difficult and so hard to wrap your arms around. It's so complex and nobody ever really gets it right. And the more I kind of watch the from my perspective, I tend to think as much as the sacrilege to agree with Buffett in Bitcoin, he seems to be right largely about macro. It's just so difficult to general. It's almost like weather predicting a year out. There's so many variables in that. How do you, what's your approach to that? When when Warren Buffett says he's not focused on macro, he's not buying companies and trading companies based on macro. OK, that's a big difference. And people get really confused. And this is one thing I rail against. Like when you got the people that are on these spaces talking about the end of the world and the collapse of Western civilization. Because people hear that and implicitly they think, I need to sell stocks. I need to sell my portfolio. I need to sell my house. I need to be in gold, in a bunker with a gun and whiskey. And that's my only chance. Like to me, don't forget cigarettes. Right. And cigarettes. So to me, like that kind of narrative, I think is is very it hurts a lot of people. It really does because it dissuades them from buying Bitcoin at much cheaper levels. It dissuaded them from buying last fall because people were talking about the end of the world. It people, encourages I think, to think in a short sighted manner when at the end of the day, even if things get bad from here, there's going to be something on the other end. And you should be positioned for that. And you shouldn't try to time it. But for well, it's also like it's also a fatalistic, nihilistic approach. More broadly, like you should not be rooting against the major societal organization strategies. We don't want global poverty. We don't want rampant suffering. I mean, this is said in Bitcoin all the time, but it should be reiterated. I mean, you don't want to wish for the implosion of global financial markets. And anyone that does, I don't think understands how big of a deal that would be and how painful and sad that would be for humanity. Correct. I mean, in the thing that kind of makes me sets me off, if there's one thing is that I have members of my family, I've talked about this before, like, you know, they were convinced by the gold bugs. And now they're living in, you know, a much more impoverished retirement because they put all their money in gold and were afraid of the stock market. They've been hearing about like how sound money is going to take over everything and fiat will collapse for 30, 40 years. So to me, like, you know, those kind of messages, we really have to temper as Bitcoiners. But the one thing I'll just say is that macro is really important. You shouldn't discount it for understanding the world we're living in. Things like demographic trends, things like where, you know, how populations are moving, the over indebtedness and pressure that's going to put in certain markets moving forward. But macro cannot be utilized for trading in the short run. And it's very simple reason why, because markets are dynamic systems. They're not linear. It's not as simple as Fed raises interest rates, markets crash. It's not that simple. If that were true, then every single person could just follow a very simple rubric and make a lot of money in markets. But as you can see in certain dynamics, when people think the boat's all going to go one way, it actually flips the other way because how people get position moves. It's a dynamic system. It's not one that's perfectly linear and responsive to variables on the macro front. One more thing, Joe, we'll get to your chart, I promise. What you just said, I could imagine somebody sitting here. Let's say this is the first podcast they're listening to that has to do with Bitcoin. Maybe they were interested in gold and they see these two things as very similar assets. So they hear you saying or denigrating gold as like that was a bad idea 10 years ago. But Bitcoin is somehow a better idea, even though these two assets are viewed very similarly. So how would you explain that to that person thinking like, why is Bitcoin the better idea at this point than gold was 10 years ago? And how can you be so sure of that? Very sure of it and very confident of it because Bitcoin is far more than the asset itself. Bitcoin is a network. It's a monetary network that will eventually supplant to the entire global financial system. And gold is not. Gold is a rock. Gold is an element on the periodic table. Gold is something that fails in the network that we need for 21st century commerce over the Internet. And for people to reduce and denigrate Bitcoin to digital gold, to me, Josh, that's offensive. Like I think like, OK, when I hear digital gold, that's what Bitcoin, I'm like, I want to sell my Bitcoin because there's people that do not understand what Bitcoin is. It is not a shiny yellow rock. That's not what it is. I it's think a very useful tool to help people, to introduce people to it, to help them understand what, at least at a very limited level, this is. I think that's a good introduction for people. And all I'm saying is I'm certainly not making that argument. I'm simply bringing that up to say if somebody is listening to this and they had that idea that gold was great and they maybe don't think so 12 years later and now they're hearing about Bitcoin, it sounds like a parallel idea in a lot of ways to a lot of people. That's the only reason I brought that up, because I think that can cause some confusion. I mean, I don't understand how a generation that grew up seeing the promise and innovation of the Internet would not just use the Internet. I mean, literally Andreas and Antonopoulos did the work for Bitcoiners, the Internet of money, like, what, is it seven years ago, six years ago? Got it behind me. That's like, that's literally what did it for me. So you're telling me, Josh, that talking to a regular person, talking to a regular person, you're going to say, hey, I know you don't own any of the shiny yellow rock, but you should buy it because it's now going to work in a digital era instead of saying this is the Internet for things of value. This is how we're going to communicate value among people. You don't think that that's more persuasive to the regular people, that this is how we will communicate and share our experience and share our time, show what is valuable in society. And by the way, I firmly believe it's not going to be solely about money. I think Bitcoin's network, Bitcoin's global network will serve other purposes that we haven't yet scratched the surface of. So to me, it's a minimalistic, overly simplistic parallel. I totally agree. But I'm just saying I think that to a lot of the uninitiated who don't understand network effects, who don't understand a whole lot of the terms you may be using there, there's a lot of people that still don't get that stuff. So I think that as an introduction. You've got to find a hook somewhere. You've got to find a hook somewhere and. What was the hook for the Internet? Go on chat rooms. I mean, nobody figured that out for 20 years. It took like it was like five years ago when people were really thinking that out. At least the general public. It's going to take 20 years for Bitcoin. It's going to take 30 years. I mean, it's even more complex. What he's saying is that calling Bitcoin digital gold is objectifying Bitcoin. There's so much more to it. It's like me saying your wife is hot and nothing else, Josh. And you're sitting there going, no, she's got so much to offer on the inside. She's such a great mother. And I go, no, she's just hot. That's what we do when we call Bitcoin digital gold. There's so much more depth there. I just like objectifying Bitcoin. What if I walked up to you and I said, oh, this is like the Internet's like a message board. That's what it is. It's a message board. I'm like, is that going to, what do I need that? And what's the point of that? I call people on the telephone. That's how I communicate with them. I give them a ring. I mean, I mean, it's such a reductionist way of talking about something that's profound. And I don't want to make it overly simplistic. I'm going to explain how this thing is going to change the world. And for you to understand how it's changing the world, you have to put in a little effort. I can't just say it's a yellow rock. And much the same. Okay. So back to your fair point about the Internet. What was the hook for the Internet? We really had nothing to latch onto. There was really no handle. The thing was just so useful and so effective. Is it the Today Show, the one where he's like, what's that at sign? What is an Internet? You know, explain to me. I think it was. Is it Katie Keurig and Kirk? I mean, that's kind of the same discussions we have about Bitcoin. And I'm sure you guys have had firehouse discussions about this. Like, explain to me what this is. Why don't we, well, you got to put in a little work. It's a little complicated, guys. I mean, I can tell you certain elements of it. But, you know, today I learned something new about Bitcoin I've never learned before, right? Like, and I mean, I've been involved in Bitcoin for years now. And that's just how it is. I mean, it's just the, you got to start from that premise. Okay, sorry, we got way off and I apologize. So, we started with the idea, so just to reset, we started, guys, with the idea of like, why isn't the economy responding? Why do you have these markets floating towards all time highs? And I don't know if you can see this, but I think this is a great illustration. So, what you can see here in the red line, and it's really stunning here. This is US non -financial corporate net interest costs, okay? Net interest costs. So, let's break down what that means. So, you're taking out financials, you're using corporate net interest costs, meaning the amount they have to pay to finance their debts, right? The amount they've taken out. So, let's just figure this out. What has happened in the past when the Fed, by the way, this black line, you see, this for the folks that are listening, I guess not, can't see the graphic. There's a black line on the bottom that says the Fed funds rate, and then there's the corporate net interest cost. And what you've seen during prior hiking cycles, I don't know if you can see my cursor here, but in, for example, you're looking at prior hiking cycles leading up to 2006, for example, is that when the Fed started to hike, you saw the corporate net interest cost, meaning the cost of holding that debt start to skyrocket. So, what does that do? What does that do? From a practical standpoint, guys, what this means is that corporations that took out money are responding very quickly, when they took out loans, responding really quickly to raises in interest rates. And you see this through several past cycles going back to, you know, the 90s, actually, you know, even into the 80s. And what you're seeing, why this time is actually different, is you see this rapid rise in the Fed funds rate here at the end, but you see net interest costs start to go down. So, why is that? The answer is because companies, which everybody is well, you know, they're constantly parroting, there's so much corporate debt, there's so much consumer debt, there's so much debt all over the place. Well, yes, that is true. However, many of those debts were taken out at very low interest rates. Companies were filled to the gills with cheap money in 2020, 2021, when the rates were near zero, and they were like, you know, an all -you -can -eat buffet, effectively. They took out as much as they can. And that's consumers too, right? You're talking about almost 70 % of all mortgages in existence right now are under 4%. So, the Fed can hike to 20%. But in the short run, when companies, until companies have to roll this paper and have to actually extend out the maturities, they're not affected. Their bottom lines aren't affected. Again, this is net interest costs. So, this directly eats into their bottom line. This is what's going to trigger unemployment to rise, all these issues that we talk about. But the problem that many macro analysts, and I don't pretend to be a macro analyst, but I'll just tell you from my perspective, I think many folks missed this, myself included, last year. How much cheap debt had been taken out at very low interest rates when the Fed was beginning this hiking cycle. And they equated it to prior hiking cycles, where even, you see even this little run -up right here, where you see very instantly corporates respond very quickly whenever there's a hike. So, this is the story right here. And by the way, this is not just a story in the corporate. I mean, I'll stop sharing this just so we can talk more. But this is not just about corporate. I'm going to pull up just the fiscal side here while you keep talking. This is not just corporates, right? This is also individuals. Unlike, you know, you guys remember the, I'm sure you've seen the big short, right? Everybody's seen the big short. Do you remember how many people took out adjustable rate mortgages, right? A lot of those consumers and investors and folks that were speculating in real estate, they learned their lesson. They actually put out a lot more, a lot fewer arms into the space right now. They got fixed low rates, 2%, right? And by the way, now that those rates are 2%, not only are they more profitable, but because inflation is the big boogeyman, they have a very easy justification to go to all their tenants on their speculative real estate properties and say, we're going to raise your rent. And then all those employees have a very easy basis to go to their employer and say, hey, I need more money because inflation is running at 8 % or 9%. And you don't have something systemically breaking among the American consumer. Now, where do you have pressure? You have pressure in the banking system, right? Because the banks who have to hold this paper, they're the ones who ultimately have to somehow deal with the fact that their paper that was worth 50 % more is now declined rapidly in value on a market to market basis because of the rapid hike in interest rates. However, what the Fed has said is like, look, we're going to keep a general policy with respect to interest rates. We're going to say we're going to pedal to the metal. No cuts for two years, what Powell just said. At the same time, the weakest players in the system who are holding money good treasuries, we are going to support them where necessary through surgical approaches like the BTFP. And by the way, just to conclude here, this is exactly what the Fed governors were saying last fall. If people were going to listen to it, there's a famous quote that I've posted about a billion times on Twitter where, you know, I think it's Christopher Waller says, look, there's this notion now that financial stability concerns will cause us to not want to hike further. And we disagree. We think there are specific targeted programs that can deal with any issues of financial stability and we can still keep pedal to the metal with respect to interest rates.
A highlight from SEC GARY GENSLER ETHEREUM CORRUPTION EXPOSED! COINBASE SEC LAWSUIT & HUGE HEDERA HBAR NEWS!
"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, Google, iHeart, whatever your favorite podcast platform is, please hit the five star rating and review and it supports the podcast and it doesn't cost you anything. This content is brought to you by Uphold, which makes crypto investing easy. I've been a user of Uphold since 2017, they're one of my go -to exchanges, they have 10 plus million users, 250 plus cryptocurrencies, and they're available in 150 countries. You can also trade precious metals and equities on this platform. If you'd like to learn more about Uphold, please visit the link in the description. Well, folks, I want to start off by talking about Hong Kong's big push towards crypto, opening up their doors and their gates, enabling a lot of financing and they have regulations now. And we know Hong Kong is under China's control. So this is really China's chess move here against the United States. China sees the United States is failing when it comes to crypto regulations and all the craziness that's going on here with the SEC and Gary Ganser. And they're doing a 180 from what they did years ago. Years ago, they banned crypto trading, they banned Bitcoin mining, now they're opening up their doors and they're doing it through Hong Kong, one of the major financial hubs in the world. And here's a quote from Bloomberg, Hong Kong has opened up to mass market trading of Bitcoin, part of the city's push to become a global hub. So we are in a crypto arms race, if you want to call it here, folks, and I've said it many times, any country that bans crypto, they are writing their economic death sentence because this is going to be a big part of the economy, not the only part, but obviously a big part of it. Blockchain and crypto will be powering a lot of things, AI and all these other things are going to be a part of it, of course, but everything will be running on the blockchain. So you have to embrace this Web3 technology. And here, Blockworks, they reported on this as well. They released an article, here's the title, why Hong Kong could be crypto's next center of gravity. A number of industry participants are eyeing the development of Hong Kong's crypto regulatory initiatives. So this is part of why I'm still bullish on crypto, despite the headwinds we're facing here in the United States, because crypto is not specific to the US, right? There's trading happening outside of the United States. There are people investing in crypto. There's a lot of capital and funds and a lot of building happening in UAE and Asian markets and much more. We saw the UK and the EU have passed crypto regulations and China, if I'm not mistaken, I think they're the second largest economy and I could be wrong there, but they're in the top five at least. They've got a lot of capital. There's a lot of funds there, folks, and they're looking to attract as much business. I think we saw some of the folks in Hong Kong, some of the financial regulators were even saying, hey, Coinbase and some of you companies are facing problems here in the United States, come set up shop in Hong Kong. So it's amazing what's happening and the United States better get its act together because this thing is moving fast around the world. Now let's move ahead. Speaking of the SEC and scumbag regulator, Gary Gensler, folks, today we got a whole plethora releases of of FOIA requests from the SEC showing the larger scale conflicts of interest with Bill Hinman, Jay Clayton, and the Ethereum folks. We all know that Bill Hinman gave the Ethereum free pass speech. We know he was being paid by Simpson Thatcher, which was part of the Ethereum Alliance, clear conflict of interest. He ignored the ethics office, the SEC ethics office warnings that this is wrong. You're not supposed to be doing it. It's in fact criminal. And we know chairman at the time, Jay Clayton, rubber stamped the entire thing. He knew what was going on. So it's funny that we get this massive dump of further evidence after the ripple ruling. I'm telling you, Gary Gensler is not happy today. And in fact, they didn't want this to come out before. And it had, it took empire oversight, the nonprofit, a whistleblower organization to sue the SEC to get this. They have to sue folks to get this information. So here's what they tweeted out. The SEC has now turned over 324 pages of new documents in response to our crypto conflicts for your requests. The latest batch of documents follows a may foil lawsuit brought by empire oversight in the district of Columbia. Joseph Lubin and consensus played a more central role than previously known in then SEC director of corporate finance, William Hinman that's bill him and controversial June 14th, 2018 crypto speech Lubin listened to this folks, apparently also apparently brought Hinman and Ethereum creator, Vitalik Buterin together as the speech was drafted. Remember some of you who follow me on Twitter, I was calling out Vitalik saying, you are a hypocrite, sir. I respect you as a coder and you know what you built with Ethereum, but as a person, you're a piece of shit because you are trashing XRP holders, seeing a whole bunch of nonsense while you are doing some backroom deals with the corrupt SEC. Now empire oversight, the tweets continue here to set investors and attorneys closely associated with Ethereum were prominent on the list of a March 28, 2018 meeting on a crypto safe harbor proposal. On August 22nd, 2019 email show Hinman met with Simpson thatcher partner Chris Lynn while Lynn was representing Canaan, a crypto mining client on its IPO. Now Canaan was not only mining Bitcoin, they were mining Ethereum at a time because the Ethereum was proof of work. It was using the proof of work consensus back then before it went to proof of stake. So that's an important note. Finally they said here, SEC ethics office had repeatedly worn Hinman against such meetings since he was receiving millions of dollars in payments and since in Thatcher while at the SEC, but of course, Hinman, uh, you know, he ignored those warnings and of course he's not being held accountable. And both him and Jay Clayton went to go work in the crypto industry. Funny how that worked out, uh, here, John Deaton's crypto law. They said the following with regards to the release in the latest release of the SEC emails by empire oversight, an email from an SEC staffer proves that Hinman met with Simpson thatcher partner Chris Lynn while Lynn was representing a crypto mining company before Hinman's division, uh, for an IPO. Three days earlier, Hinman's division corresponded with Canaan and copied Lynn regarding the Simpson thatcher client's draft F1 statement. Hinman had been explicitly warned by the ethics office 19 months earlier. He had a bar under the criminal finance conflict with Simpson against any meetings with that firm. Um, folks, we have to keep exposing this because, uh, folks, we got to keep the, these people accountable and I highly recommend you go follow empower oversight and Jason Foster, who's the president. Once again, they're nonprofit. You can support them, but at least go give a like in a tweet, right? Even if you're not making a donation, get the information out there because I'm telling you Gary Gensler, Hinman, and these guys don't want this information out there, but we're going to hold them accountable. They work for the people, right? They were at the sec, they're there to serve the people. So even Jason Foster said, what is the secs office of inspector general doing about this? We have another pending foyer seeking all sec communications about our may, 2022 referral. Jason's absolutely right. What are they going to do? So this is where we got to contact our representatives, folks, contact Tom Emmer, all these folks, right? Who are in the house financial committee services, and I'm going to do the same thing.
A highlight from Quiet markets as stock market turns down
"Hello and welcome to Ledger Cast, my name is Brian Krosgaard. Here back today, it's been three weeks since I've talked to you. Josh Olswich, how you doing? Good. For all those people who didn't know who Brian was, this is Brian. Josh did a poll, and then everybody answered, who is Brian? Brian is Ledger, Ledger is Brian. Same thing. Just my alternate personality, I guess. Yeah, it's been a while, man. I was on vacation and forgot to tell you, and then we didn't record. No, it's all good. I think the markets have also been on vacation, yeah, for sure. Well, it's good to be back with you. Except the S &P, that's not been on vacation, that's for sure. S &P is down this week for the first time in quite a while, especially of that magnitude. Imagine the panic, they just said, they just said, recession is off the table, and we don't. That's how you know it's beginning. Kramer told me, literally, last night. Biggest down week since March of 2023, and... Kramer said, he said, go all in, up here. Oh, Kramer said that. Yeah, is my audio messed up? No. We need to ask Chad how my audio is. I think your audio sounds good. I think you secretly tweak my audio to be shittier than yours, that way you just sound better. That's what I think. I'm sometimes incompetent with these things, so... That's okay. Yeah, but Kramer literally, yesterday or the day before, said, no recession. And then we've got, I don't know if it's JPM, I forget who it was today. Just came out, some analyst, and said, you know, recession, yeah, JPM no longer expects a recession. I haven't talked to anybody all day, gotta warm up the instrument. The instrument. No longer expects recession, and we fall 500, not 500 points, but 50 points. Anyway, it's just funny how that works. National news talking about Dow points. Well, Dow was up, what, 13 days in a row, that was like last week. That's last week's news. Somebody check on Johnny. Is he a big Dow enjoyer? He has been a big Dow enjoyer. Let's see, I got it right here. Yeah, it was going for a record. The thing is, a lot of these charts all kind of look the same. Yeah, but overall, they still look great. They look fine, they look perfectly fine. Oh my gosh, resistance right at the squiggle line. Josh, it knew. Literally to the penny, the squiggle to the penny. I didn't move that. This audience knows I did not move that. I'm just saying. Invalidation was soon. Yeah. But we've had people bearish since the beginning of the year on Legacy. They're still bearish. They're adding, right? They're happy to see us down. I think we do go lower, but I don't think we go as low as they think we're going to go. Anyway, the sentiment to me feels extremely bearish. Really? Still on Legacy. Crypto is like dumpster fire, but Legacy, right? People bearish. still Justifiably so based on data, but the prices do not. You can talk about macro all you want. You can have a perfect thesis. You can pick all your data, line it all up, and it's not going to matter. Prices are just going to do what they're going to do. Eventually, it might come back into sync. Eventually, oil might go higher and inflation might go higher and markets might go lower and the Fed keep raising, blah, blah, blah, right? We did go higher than I thought we were going to go. Might not happen right now. I was all for 4 ,300 on the S &P back to this 2022 level. Honestly, we just ripped right through that, but I do think that's a good spot to retest back to 4 ,300. Do you know who was one of the few bulls since the beginning of the year? Tom Lee. Oh, he's always bullish, so he doesn't count. The answer is me. That's the answer. Josh has been bullish. I have to expect people to just be sick of looking at this chart of the S &P that I've literally for months. It hasn't changed. What do you know? Not only did we go to the squiggle to the penny, but we went to the yearly pivot to the penny. Oh, no, really? We went for pivots. Typically, when you're rising, wedging, bear -diving into a pivot, that's not usually a great sign for continuation. There was the inverted head and shoulders thing that we completed effectively. We hit the target. It's pretty textbook, honestly, unless you are trying to go truly textbook. Then it's not. Yeah, it's not perfect -perfect, but we did get a series of higher lows. It meets the basic criteria. It broke out very strongly at the neckline, arguably. Now, RSI is not looking so hot. Collectively, what's the cloud look like? The cloud likes 4 ,400, let's say. The downside? That's not that far. Yeah, OK, 4 ,360, 4 ,360, whatever that is. Still not bad. But yeah, CHOP, I think, is on the table for sure. Well, I think it would be healthy to not have the stock market not go into price exploration right now. Jungle Teemo support. I read the chat. Ledger, he's too high. I read the chat. I have the chat up. Also, by the way, Jungle Teemo support sounds miserable for people who play League of Legends anyway. Sorry, what were you saying? I got sidetracked by that name. It's just too funny. I'm just saying I think CHOP is a reasonably good thing. I feel like it'd be a little strange if you balanced a stock market and price exploration with an economy that is clearly pretending to be CHOP. The economy does not feel like it's at an all -time high. I'd agree. I feel like there's a lot of uncertainty in the economy. Yeah, the US credit downgrade, which dependent on your political affiliation, you may take it more seriously one way or the other. Wait a second. You got to explain that to me. Are people politicizing the credit facilities as partisan? I feel as though it's a partisan issue because the White House is saying, why do this now? Everything's fine. Jobs are fine. The economy's fine. Why downgrade us here? And then everybody else is like, what are you talking about? You guys are issuing debt like crazy. And it's only going to get worse. Your projections keep going higher. You're supposedly going to be issuing a trillion dollars in debt the rest of this year. That's a scary chart. So you're either on the MMT side where you're like, you know what? Everything's going to be fine. We've got the power of the printing press. Who cares? Or you're on the responsible fiscal path people side where that's just like, this is not sustainable. We're at what? $33 trillion almost? $33 trillion by July? Gosh. Another year. Another failure. $33K by July. How did we not hit that? We were so close. We were a few percentage points off, I think. We were super close, though. Anyway, US debt's out of control. But yeah, I think it feels like a partisan issue. I don't know about Fitch and their political leanings or anything. I'm just saying that's what it feels like to me. Because you've got the left. People on the left just sort of ignoring it. Meanwhile, bond issuance is just out of control. And it's just going to continue. We'll find out. I don't know enough about bonds to know why people are freaking out about the 30 year. Other than it's going higher. And it looks like it wants to go higher. It does look like it wants to go higher. This is a monthly chart that I'm looking at. I guess the question is... Strong weekly breakout of consolidation. Yeah, it looks like a version of the S &P chart. And it looks like Costco. It looks like QQQ. It looks like a lot of these charts. I guess the question is, who's going to buy our debt? Other than us. If nobody wants it. They still like our debt. We'll see. Jobs were good though. The fake jobs numbers came up. They were good. They were good. Down to 3 .5 % I think. Is that right? I think so. I don't know. I saw Canada's unemployment numbers were bad. Anyway. 5 .5%. This yield inversion stuff too. All the doomers pointing to it. I guess it matters eventually. But not now. It doesn't matter in the moment. It might matter eventually. It doesn't seem to matter in the moment. I saw that we're up to a 45 or 50 % chance of another quarter point hike. But the market is pricing now. Do you see that? 55 %? Is that what you said? 45 or 50 % chance of another quarter point hike. I don't think so. I thought it was at like 25%. Oh. Let me just look real quick. Look, if jobs aren't... If people aren't losing jobs, and if inflation is still above their target, yeah, they're probably going to keep raising. Now we have another... We have two CPI prints between now and the next meeting. And I think we have another jobs print. But maybe not. Between now and the next meeting. We should have one more jobs print. I only see it at a 10 % chance. Oh, good. Well, I'd like them to stop. Why would you like them to stop? Well, the market really hasn't had time to absorb what's already occurred. And I think you're probably not going to make a massive impact on inflation if you just stay flat on rates for like the next year and let the market absorb stuff. Versus if you just keep raising and then you find out you overcorrected and instead you have to start cutting immediately versus having the flexibility to do nothing for a while. From a real world perspective debt debt is very expensive right now. To finance anything right now is hard. Credit card is all time high. Credit card delinquency is I think higher than 2008. Auto loan delinquency is probably higher than 2008. Auto loan 48 months APYs or whatever. Extremely high. But you said auto loan delinquencies are high? Yeah. That shouldn't be too surprising. You remember that meme video that was going around about all the people with $1200 car payments? No. That was a year ago. People were talking about how much their car payments are. Well now it's Airbnb real estate stuff. There are so many pockets of problems any one of those exploding could be the one that sets off Airbnb real estate. So you're talking about retail real estate investors with second homes they're doing as Airbnbs? Right. Second, third, fourth with mortgages. Not only that but Airbnb usage utilization I don't know what that term is. It's also down. Everywhere you look it's not even counting commercial real estate. I'm looking at it from a commercial real estate I've perspective. dabbled in commercial real estate these past couple of years. I think some of our audience knows that. I've been going through the financing process for redevelopment of some stuff and it just is hard to make stuff pencil. You still have expensive construction. You still have high asset prices, purchase prices. You also have high rates. So you really need to have high rents to be able to make all that work and to make it all work. Something's got to give. Rent's got to go up but rents are already high. So the asset prices have to go down. The rates have to go down. The construction costs have to go down. Based on what I've learned in that ecosystem, I do think some of the construction is slowing down especially with stuff that has lower lead times. I don't think your big federal projects, your huge contractors that are planning things that they're going to do two and three years from now, they're not feeling it yet. I do think your shorter timeline stuff is just hitting pause and that's probably affecting construction teams who are trying to get work. So maybe people will start getting a little hungrier for work. As they get hungrier for work, things get a little more price competitive. But that hasn't really trickled all the way down yet. So right now, you still have basically all these same things. Transaction prices are really high and that's really expensive because now you're talking about loans at seven and a half, eight and a half percent interest rates instead of five or four. That makes a huge difference in a commercial real estate deal for what it's worth for people listening. No different than if you're taking a mortgage right now like what was it a year, year and a half ago, you could get a mortgage for three percent. Now you're looking at six percent or more and that does effectively double your mortgage payment itself when you've amortized that over 30 years. You double the interest rate, it's going to roughly double the mortgage, something like that. That's not perfect but it's close enough right? Yeah, it's super unaffordable right now. Like you're saying, we either need a housing crash which nobody wants to happen but you can't have rates this high and factor in affordability to that equation. It just doesn't, it's not how it works. You need something to come down. And this other question that a lot of people are talking about, like at what point does the Fed's power of affecting the market even get diminished? Like at what point are rates inflationary? That's a Lynn Alden question as well. I don't know, like they're taking the credit for this right? Which logically it would make sense, we raise rates, inflation comes down. But I think the question many people are asking is okay, how responsible really is the Fed for inflation? I don't think the Fed's done a horrific job. They did a horrific job by waiting. Yes, they waited too long. But by raising rates I don't think, I mean they should have just raised them sooner I guess. We haven't seen evidence of hard landing yet I guess is my point. Well what was CPI again? I feel like I should remember this but I don't. CPI was like what, 6 % before they started raising? Because they were on the transitory train? Anyway I don't want to rehash all that but they were way behind the curve. And yeah, it's something that people talk about. I think always like the best credit score or maybe not the average. So if you're not like the best type of person to have a mortgage you're further out on the affordability line right? Because you just you get hit with a higher rate. It just gets harder and harder. I thought it was more than this but either way $500 ,000 home value loan amount $400 ,000, 20 % down 3 % interest was your total monthly payment was $1969. You go to, I think I said 6 .7 % interest was the estimate for today. That takes you to $2864. So a $900, a 50 % increase. Not great. You've got that and then the other side of the coin you've got people, you know the golden handcuffs narrative where no one wants to leave because of the rates. Super true. So now the supply of houses on the market is down significantly and that's bringing prices up. It's just it's a mess. It's a massive mess. Yeah, why would you want to move right now if you've got? Oh, I agree. But it's all part of the issue. Like rates haven't affected those 30 -year mortgages because they're fixed, right? So, yeah. And that's for what it's worth. That's why people are talking about commercial real estate, not residential real estate with being in jeopardy because commercial real estate which is more similar to traditional business loans typically the loan period is like five years or so and then you have to refinance it. It might be an amortization schedule of 20 -25 years but your actual time before you have to refinance is only five years. And so people who were refinanced or who financed anytime 2017 -2018 they're refinancing now and they're getting starting to get squeezed and they're just leaving right? We're seeing. Yeah. I see a headline on that every week. Some massive property that just says, no, we're not going to pay or we're not going to renew. But I think more important than those massive properties is all the little properties and all the little businesses where like say you're a small business and you use that example that we just did. You borrow half a million dollars for your operating capital and all of a sudden your payment that goes up a thousand dollars a month on resurfacing that loan, then you're going to get in trouble. Or in the commercial real estate environment you're financed some deal and then now your mortgage is 50 % more and your rent hasn't changed. Maybe you're even having trouble filling your building and you're being told you can't borrow as much money. You might have to bring cash to the table when you refinance because you overleveraged it in the first place. That's where the squeeze is happening.
A highlight from Could Cardano Hit $100? (Mithril Now LIVE)
"Set summer in motion with the most adventurous Honda vehicles yet, like the Passport and Pilot Trail Sport and the Ridgeline, built for better off -road performance and engineered for more adventure. Summer is here. For a limited time, well -qualified buyers can get a 3 .9 % APR on a 2023 Honda Pilot, a 2 .9 % APR on a 2023 Passport and a 0 .9 % APR on a 2023 Ridgeline. Buy online, reserved from select dealers, or visit your local Honda dealer today. See dealer for financing details. Well, Cardano reached $100. Here are the chances for ADA price to increase. Guys, 99 .99%, I believe. Over time. Everything you need to know as Mithril launches on Cardano. We got a big Cardano segment here because we have a big upgrade. Proof -of -stake blockchain Cardano launched a stake -based protocol, Mithril, on mainnet on July 30, marking a pivotal step towards increased speed and efficiency across the network. The Mithril upgrade aims to reduce the time required for nodes to sync with the blockchain. It enables users to obtain the current state of the blockchain without retrieving its full history. Technological upgrade didn't immediately result in price gains for ADA, as they never do. According to Santa, by the time we're writing token exchange hands, we know it's down a little bit. We already looked at that. Despite the launch of Mithril, development activity on the network trended downwards throughout July. This could cause some problems as investors actively assess developer efforts before making capital investments in a blockchain. Is that true? Is this really a true statement? How many? Let's get percentage here. Tim, and I want your opinion on this, Nick, too. What percentage of crypto investors look at the activity on the blockchain from a development perspective before they throw money in a ticker symbol? Less than 5%. All the dumb ones. All the dumb ones. Wait. Okay. Nick's giving you a very high number here. I'm with Tim. Definitely, I'm going to say less than 10%. Just not give the exact same number. Definitely less than 10%. There's no way. So there we go. Now, what does this upgrade do exactly? Reduces the time required for nodes to sync with the blockchain. Well, thank God. Have you ever downloaded like the Daedalus wallet? Is it Daedalus or Daedalus? Daedalus. The Daedalus wallet. And have you ever sank that thing? You ever sank it? Oh, yeah. That's passed into sync? How long does it take? Like six or eight hours. No, it takes days. Yeah. It depends on how fast your machine is. This reduces the time to sync. Yeah. So, now, these are in the nodes. So, your Daedalus wallet is not considering a node on there, is it? Well, it's not with your Daedalus. It's with the Mithril wallet. With the Mithril wallet. Yeah. It's like a layer on Daedalus and then… Oh, it's a layer on Daedalus. So, like, if you wanted to set up a voting booth somewhere in Africa and like actually get votes going, you could do it in like two hours instead of it taking three days. Thank God. So, in my opinion, I think this is a huge regard. Yeah. It's big. Let's see. There's Aunt Lynn. She's back in the chat. I already have a big bag. Ada will consider buying more at 0 .26 % or 0 .26 cents.
A highlight from The Man in the Arena: My Speech to the International Order of Teddy Roosevelt
"The U .S. dollar has lost 85 % of its value since the 70s, when the dollar decoupled from gold, and the government seems bent on continuing the tradition. Charlie Kirk here. From now until after the elections, the government can print as much money as they want. The last time they did that, inflation went up 9%. Gold is the only asset that has proven to withstand inflation. Invest in gold with Noble Gold Investments. You will get a 24 -carat, one -fourth of an ounce gold standard coin for free. Just use promo code kirk. Go to noblegoldinvestments .com. That's noblegoldinvestments .com, the only gold company I trust. Hey everybody, my conversation at the International Order of Teddy Roosevelt. Amazing people. I talk about Teddy Roosevelt and the need for us to educate the next generation. Become a member. We have a new way you could support the program. Don't worry all of you that support us at charliekirk .com slash support. Don't worry, we have a migration plan for all of you. Legal migration, of course. But I wanted to say thank you for those of you that are joining in huge numbers. It's amazing. At members .charliekirk .com. It's a way for you to support our program. We believe it's affordable for all income levels. It's a way for you to get behind, for you guys to get behind the work we are doing. Members .charliekirk .com. In fact, I want to mention and name some of the people that became members overnight. It's really exciting. Janet from California. Thank you for becoming a member at members .charliekirk .com. Mary Lisa from Idaho. Thank you. Janet from California. Scott from Utah. Linda from California. Dorothy from Maryland. There are levels for all types, by the way. You guys could check it out. Eight dollars a month. Members .charliekirk .com. Maybe you're on a fixed income, but I bet you could squeeze eight dollars a month. And you might say, well, what do I get, Charlie? Well, we're doing exclusive Zoom calls. We're going to have a message board. We're developing all this stuff. And you get to hear the full conversation with the legend Tucker Carlson. Here's a little tease. I was watching the other day. I'm actually not a huge Martin Luther King fan or whatever. Super flawed guy. But I was watching the last. The audio was listening the audio of the last speech that he gave the night before he was killed. April 3rd, 1968. He was killed the next afternoon. And he gave this speech and he had just been like cheating with a bunch of different women. Okay. Yeah, he had a tendency. Oh, my gosh. No, he was like a ridiculous sexually out of control. But he gave this speech in which he clearly predicted his own death. Like, there is no doubt, if you listen to this, that God is speaking through Martin Luther King. And I get I don't like Martin Luther King's program. I don't like his behaviors. A lot of worshiping Martin Luther King is absurd to me. But I got to say, if you listen to that speech, God is speaking through Martin Luther King. There's no other explanation for that. And you're like, well, that's kind of consistent with what we know. We're all flawed. The people in charge tend to be more flawed. But it doesn't mean that they're not capable of greatness. So let's just be honest about it. The second you have to feel the need to pretend that you're perfect, you become a liar and you become paradoxically even less perfect, in my opinion. Boy, if that piqued your curiosity, join as a member. Get behind us so we can keep talking about the issues that the regime doesn't like. Vaccines, immigration, Ukraine, members .charliekirk .com. Thank you, Brett from Michigan for joining, joining Charlotte from Texas, Lynn from California, Matthew from Texas, Summer from Arizona, and more, members .charliekirk .com. Also, please get involved with Turning Point USA at tpusa .com. That is tpusa .com. It's already a high school or college chapter today at tpusa .com. You can always email me, freedomatcharliekirk .com. That's freedomatcharliekirk .com. And subscribe to our podcast and listen to the end of this episode for a free giveaway opportunity. Buckle up, everybody. Here we go. Charlie, what you've done is incredible here. Maybe Charlie Kirk is on the college campus. I want you to know we are lucky to have Charlie Kirk. Charlie Kirk's running the White House, folks. I want to thank Charlie. He's an incredible guy. His spirit, his love of this country. He's ever created Turning Point USA. We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country. That's why we are here.
A highlight from Where are the Republican AGs? with Mike Benz and Kane
"Hey, everybody. Citizen Kane joins us. Also, Mike Benz. Where are the Republican Attorneys General? We go through a lawfare summary. Email me your thoughts, as always, freedom at charliekirk .com and subscribe to our podcast. Make sure you get your friends to listen as well and get involved with Turning Point USA at tpusa .com. That is tpusa .com. Start high school or college chapter today at tpusa .com. We have a new way you could support the program. Don't support. Don't worry. We have a migration plan for all of you. Legal migration, of course. But I wanted to say thank you for those of you that are joining in huge numbers. It's amazing. At members .charliekirk .com. It's a way for you to support our program. We believe it's affordable for all income levels. It's a way for you guys to get behind the work we are doing. Members .charliekirk .com. In fact, I want to mention and name some of the people that became members overnight. It's really exciting. Janet from California. Thank you for becoming a member at members .charliekirk .com. Mary Lisa from Idaho. Thank you. Janet from California. Scott from Utah. Linda from California. Dorothy from Maryland. There are levels for all types, by the way. You guys could check it out. Eight dollars a month. Members .charliekirk .com. Maybe you're on a fixed income, but I bet you could squeeze eight dollars a month. And you might say, what do I get, Charlie? Well, we're doing exclusive Zoom calls. We're going to have a message board. We're developing all the stuff and you get to hear the full conversation with the legend Tucker Carlson. Here's a little tease. I was watching the other day. I'm actually not a huge Martin Luther King fan or whatever. Super flawed guy. But I was watching the last the audio was listening to audio of the last speech that he gave the night before he was killed. April 3rd, cheating with a bunch of different women. OK, yeah, he had a tendency. Oh, my gosh. No, he was like a ridiculous sexually out of control. But he gave this speech in which he clearly predicted his own death. Like there is no doubt if you listen to this, that God is speaking through Martin Luther King. And again, I don't like Martin Luther King's program. I don't like his behaviors. A lot of, you know, worshiping Martin Luther King is absurd to me. But I got to say, if you listen to that speech, God is speaking through Martin Luther King. There's no other explanation for that. And you're like, well, that's kind of consistent with what we know. We're all flawed. The people in charge tend to be more flawed. But it doesn't mean that they're not capable of greatness. So let's just be honest about it. The second you have to feel the need to pretend that you're perfect, you become a liar and you become paradoxically even less perfect, in my opinion. Boy, if that piqued your curiosity, join as a member. Get behind us so we can keep talking about the issues that the regime doesn't like. Vaccines, immigration, Ukraine, members .charliekirk .com. Thank you, Brett from Michigan for joining, joining Charlotte from Texas, Lynn from California, Matthew from Texas, Sommer from Arizona, and more, members .charliekirk .com. Buckle up, everybody. Here we go. Charlie, what you've done is incredible here. Maybe Charlie Kirk is on the college campus. I want you to know we are lucky to have Charlie Kirk. Charlie Kirk's running the White House, folks.
Darius Miles pleads not guilty to capital murder charge
"A former university of Alabama basketball player accused of providing a gun using a fatal shooting has pleaded not guilty to capital murder charges. On Norman hall. According to court records, former crimson tide forward Darius miles entered the not guilty plea Monday in connection with the fatal shooting near the Alabama campus in January. Miles is a 21 year old from Washington, D.C., he and another 21 year old, Michael Lynn Davis of suburban Washington, both faced capital murder charges, Davis is accused of firing the shot that struck a young woman sitting in a car, investigators wrote in a court document that miles admitted to providing the handgun immediately before the shooting. Both are being held without bond. I Norman hall
How the Fed "Went Broke" by Lyn Alden
"How the fed went broke. By Lynn Alden. The U.S. Federal Reserve is now operating at a financial loss and is months away from having negative tangible equity for the first time in modern history. This article explores how we got here and to what extent any of this matters for savers and investors. Commercial bank assets and liabilities. A commercial bank has a considerable amount of both assets and liabilities. In order to remain solvent, the asset side must exceed the liability side, and they have various regulations placed on them to try to keep them as solvent as possible. For a typical bank, their liabilities mainly consist of deposits. Individuals or businesses deposit money at the bank, and those deposits in various forms, checking accounts, savings accounts, certificates of deposits, and so forth, are considered liabilities, or IOUs for the bank, and assets for the depositors. This serves as the source of financing for banks. They're basically borrowing from depositors at very low rates. On the other side of the ledger, bank assets consist of various loans, securities, and cash that they hold at their Central Bank. The loans insecurities can include mortgage loans, business loans, personal loans, credit card loans, various treasury securities and other more complex securities. To use Bank of America as an example, they have $3.051 trillion in assets, and $2.778 trillion in liabilities. As of the end of 2022. Their assets exceed their liabilities, meaning they have positive shareholder equity. Even when we factor out some intangible items, mainly referring to their $69 billion in goodwill, their equity is still positive. And importantly, Bank of America's assets generate a much higher average yield than their liabilities, so they have positive interest income. They pay a small amount of interest income to their depositors and collect way more interest income on their various assets.
"lynn" Discussed on Design Matters with Debbie Millman
"About Madonna. I was wrong about the beetle. You know, as right as I am many times, I'm wrong. So, you know, who knows if I'm even 50 50? Well, it's still took some great photos of Madonna. Yeah, but that's just concert. And concert for me is a kind of execution how fast are you, your composition, especially back then, you know, when color was separating the camera from black and white, and there weren't zoom lenses. There were a number of things that you really had to be more technically evolved than many who make pictures today where digital cameras can do so much for you. And also where artists have much better lighting, much better everything. Hair, makeup, styling. So Madonna was someone who was a great subject to either shoot in a documentary way or in the studio. Well, I do want to talk to you about the work you've done with Patti Smith. Your photographs of her are some of my favorite photographs in the world. The cover of Easter, the 1977 album Easter, is really my favorite photograph. Of any celebrity. Lynn, I actually still remember first seeing it in a record store on Long Island. I was 15 years old, and it just startled me. I'd never seen anything like it. I'd never seen a woman pose in that way. I'd never seen a woman with underarm hair in that way. I understand when you were shooting the cover, I think you were influenced by Dante Gabriel rossetti's palette that he used in the painting, the annunciation. How did that influence what you were doing? What was it like to shoot that photograph? Well, when I shoot anything, I do research, that's the fun part. You know, I want to reflect the contents of the album and the intent of the artist who made it. And with patty, and with actually many artists, when I shoot something, I might have something in mind that they might have something in mind. But I try a lot of different things. And it's not until the shoot is over. And we're going through it, where some pictures that you might have thought would be the cover are better as publicity pictures. And then other pictures just stand out as the cover. So I would be very, very conscious about picking a color palette that reflected the father, the son and the holy ghost, the blood of Christ, the red, the white of the purity, those colors all, there are values, meanings, assigned to them. And from there, I think we were moving on to the publicity pictures. And I really was intent on having the public be able to see padding as feminine. I mean, she's still patented. That's the underarm here. You know, she's authentic, natural. No one really knew, especially because of maple Thorpe's on horses. First cover in the shirt. And in another covers, after that, there was I'm blanking the radio Ethiopia. I had the back cover on that one and Judy Lynn. Shot the front cover and patty didn't really look pretty again, she was very androgynous and between that time, patty had fallen and broken her neck, there were times where I helped to take care of her and would help bathe her and patty had like big boobs, you know? She had boobs, she had shed a great, I thought she had a great body. And I wanted to show that. I wanted to express the girl in her. The feminine and so she brought along that kind of leotard, you know, the undergarment? Yeah, I think that was given to her by Robert mapplethorpe, actually, from what I read. Yeah, she brought that along. She was probably going to wear it under the white dress. So that's how that happened. But my favorite pictures are always when the artist and I then look over them. And we pick what the cover will be. And give it to the records might involve. That photograph of Patti Smith has so much context and mystery and magnetism, how do you well, that's patty. Well, you capture that moment. Do you know in that moment that that's the photo? I think I do. I feel like I do, you know? And I think the artist does, too, but it's reaffirmed, you know, when you see the pictures. Yeah. Sometimes I go, I know I got it. And I'm done. My last question today is about the future. What are you working on now? What is your next project? Oh, I found a couple of them. I'm doing a book with Bruce Springsteen for cashing. That will come out in fall of next year. Wonderful. And that's my book lineup. I haven't figured out what the book will be after that. I kind of want to take a break from that for a while maybe, although there's not much time left. So maybe there's no time for breaks. Lin, I'd like to close the show today by sharing something you've written that truly moved me about the nature of your work and the power of music. You stated that you've realized how the music that flows through a person has little to do with their conscious awareness of what they're singing about or playing and that it doesn't matter. And you go on to write these are the bodies that carry the songs to us. These are the messengers chosen by us to play out our passions. These are people like the rest of us, some generous, some selfish, some genuine, some false. Fame adds to or subtracts from their beauty, their usefulness as artists and often from their own humanity. They mirror our self projection. My work is that reflection. It's really beautiful. Well, thank you very much. It makes me think I ought to write more. Yeah, absolutely. When goldsmith, thank you,
"lynn" Discussed on Design Matters with Debbie Millman
"I have a photographer here. And no, you can't make pictures. So I said, well, with one photographer, you get one point of view, and with two photographers, you're going to get two points of view. So I can shoot right, and he saw, I mean, that's how I said it. You know, he saw my determination. He saw I was smart. He saw I wasn't going to be pushed around, and he went, yeah, you know, I say take a positive approach, not like, oh, could I just wait here and then maybe later we could do some pictures or blob, blah, blah, blah. I don't know where I get that from, but if you create the situation for a person to say yes, you're far more likely to have them say yes. It's just always made common sense to me. Talk about calling Miles Davis a bastard. Well, that wasn't my best moment. Would you rather not? No, no, no, no. It's a fascinating memory for me. Because it's always so clear and answer when I'm at what's the most horrible experience she had photographing the celebrity. What's the best experience? And the most horrible and the best experience are the same experience. It was Miles Davis. It's a rather long story because the shoot itself. It was like 8 hours before I ever got off of the picture. He put me through a lot of testing. And finally, I really couldn't take it any longer. We were supposedly ready to shoot. And I had our Bulgarian folk music, and he said, take off that music. That was when I said, you really are a bastard, aren't you? And I hated him. I felt that I had kind of prostituted myself by hanging around for 8 hours and letting this guy test me and not just do the work. And I was upset with myself. He said, son, his kid who's here. Son, get me my horn. And my heart was so filled with like, you, I can't wait to get out of here, get this shot. He picked up his horn, and he started playing right to my face, and I literally
"lynn" Discussed on Design Matters with Debbie Millman
"I've also photographed authors, not just people who are entertainment in front of the camera. And the camera has first and foremost been a way for me to connect to other people to learn and to have some sort of sense of purpose. Why am I here? Why am I in the room? I want to be comfortable. It took me a long time to be comfortable without having a camera on a really long time. I always always always had a camera on. Why did you feel uncomfortable without one? It is what was my purpose. You know, I always could feel like, oh, well, I'm here to make art. I'm here to do this. I'm here to, you know, it also having a piece of glass that you can bring up to your eye, like what the cell phone in my day, your face was hidden. The camera's pretty big. You could be there, but not really be there. I'm in it, but I'm not of it. That's always been a kind of protective layer for me. One thing that really struck me at the beginning of your career, you stated that you never really experienced what it meant to be a professional photographer until you got a call in 1976 to photograph Bob Dylan and Bette Midler and you realized in that moment that you had to decide if you were going as a photographer or as a fan. And did you come there to make the most of your time by creating a portrait or did you come there to meet Bob Dylan? How did you navigate being both a fan and their for a professional purpose? Well, you know, I knew I was a professional photographer. But more than that, I had a sense of self where, for the most part, when I photographed anybody, I felt like I had a lot to offer that I'm very smart, very fun to be with, that I understand that time is valuable. And I'm going to make the most of it for myself as well as for whoever is in front of the camera. That being said, there had only been two people in my life. That I would have said, I was a fan of and what I mean by being a fan of is that I would not know what to say. That's not who
"lynn" Discussed on Design Matters with Debbie Millman
"Kept to my word. I went back to my own high school, Miami Beach high. And I was teaching there about three and a half years after I had graduated from that high school. When you moved to New York City, you arrived with, I believe, one $15 dress in a small suitcase. Yes, it was a white dress. What were you hoping to do when you arrived in New York? Oh, I was going to get a job. This is what I thought. Because by that time, you know, having studied film and television directing at U of M and really falling in love with genre noir godard and many other French filmmakers in addition to people like fellini. I wanted to get a job at a film production company and then figure out the pathway to directing feature films. And when I went to all of these production companies, because that was what I wanted before going or television. I wanted just to make films. And all the production companies, because they saw that I had graduated in three years with 2° Magna cum laude. They couldn't imagine that I would be someone who just wanted to run for coffee. And I think probably being female, they didn't think that could lift equipment or do a variety of things. So after being rejected by so many of them, I then tried to figure out, okay, well, how do I get into television? And I had met someone who later on, married Bill Murray, Mickey. And she told me she got a job as a tour guide at NBC, and after like 6 months, they move you into being a production assistant. Well, I'm someone who, you know, I mean to graduate in two years with 3° in three years or 2°. And to also, during that time, have been on the road with a band. I'm not someone who wants to take 6 months as a tour guide. So I did audition for the job and I got it, but it only took me ten days then to get a job as a writer on a television show called personality because the guide job got me into the offices and on TV sets. And I met the people on the show personality, which was just about writing questions for contestants to answer. And so I kept bringing them questions. And then they finally just said, oh, what's iron? So I had that job until I hated it. And went looking for another aspect of TV that I could be in or felt myself being drawn back to the world of music. Basically, because, you know, that was where I felt I tried was. Those were the people that I felt were most liked me. So from there, I knew that Iggy was then on Electra records and the MC 5. And there were only about ten people who worked at a lecture records at the time. And I had heard that Danny fields, their publicists, who I had met back in in arbor when he came to see bands there, and that's how icky and the MC 5 that signed. That he was leaving. So I thought I would try to get his job. If I was going to be writing, I'd rather be writing and maybe making films of the musicians because I had ideas about how to promote music with films. So I presented it to Jack holzman and I got hired at a lecture records. And the story kind of goes on from there. I want to talk to you about your remarkable career in photography, but I also want to ask you about the work that you did with the band grand funk because I think it's a really remarkable story about one of the first times a band was very distinctly repositioned. You know, we can look back on it now and say that's what you were doing. I don't know that anybody would have said it specifically in that way at that time, but it was really revolutionary. You came up with the idea to make an album focused on the theme of being an American band. You inspired them to write where an American band this song, the classic song, catapulted them to the top of the charts. You also worked on the design of their albums, the band's visual identity, including all the graphics, your work changed the trajectory of their career. But you would also never done that kind of work before. What sort of I had it, a lecture records. And but not to that scope. I mean, you really experienced that. To me, everything is like common sense. You don't have to be that smart an example is this. At a lecture records, I was the director of that my title was
"lynn" Discussed on Design Matters with Debbie Millman
"There was music in our in our house to make us all feel a stronger bond of family. And love. On the weekends visiting with your dad, you and your sister spend time playing with his train set while he would take pictures of you and that's when you first encountered a photography, dark room. What was that first experience in the darkroom like for you? Well, my father always was a serious amateur photographer and filmmaker. So I even remember, you know, when we all live together, my dad making movies, you know, or taking pictures for various events. When my mother and father divorced, he had more time to spend in the darkroom and because it was on weekends, that was my way of really being with him. So experience the act of a piece of paper going under a light in this small room alone with my dad and then seeing my own face come up on the paper really imprinted on me, the magic of photography and it became even more of a aspect of connection for me because it was my dad and this was the way I got his attention was being in that room with him. He gave you your first camera. It was a baby brownie camera. What were your first photographic subjects about and where did you get your ideas at that time? Oh, I just would follow my dad pretty much in the very beginning. You know, he'd go out in the garden, you know, I'd go where he went and make pictures, and then we'd go in the dark room. And I'd watched him process the film. I didn't do that. My hands were too small. But I did learn to print at that time. And to understand there were these different chemical baths. That would make the picture appear. So the whole idea of having art form to express myself in was much more conducive to who I was than when he gave me, you know, I think one of the first gifts I ever got from him was like a science kit with all these tubes of things that I was supposed to create or do and I didn't understand any of it. But photography felt very natural for me. It also meant that when I was alone, my imagination, if I wasn't with my dad making pictures and my mom was working and my sister being four years old, there certainly didn't want to hang out with such a little kid. I could take pictures of my dolls and my dolls were my friends. And I could dress them up. And then when I went to my grandmother's, we could make some new outfits for them. All of which when I looked back on those experiences are very clear, directives for what ended up becoming celebrity portraiture of dressing people up and playing with them. Your dad thought your photographs were so wonderful. He got you a grown-up camera. Shortly thereafter your mom also got you a Turquoise transistor radio. That's not my dad got me that. Well, one of your parents. Yeah, my dad got me that radio. Who got you the Gibson guitar? Oh, my mother. And when did you start performing? And what kind of music were you making initially? Well, before I ever had the Gibson guitar, I really wanted to play the piano, but we didn't have room nor did my mother have the finances for piano lessons. So she got me this mangus organ. And I would play on that. But, you know, I felt limited. I wanted something else and when I saw people like there was a folk singer by the name of Lynn gold. At the same time, it's like Joan Baez. And they were heroes, same things for a Jetta. And so I wanted a guitar. My mom saved up and a guitar was cheaper. Cheaper than a piano. You've written about how Bob Dylan listening to Bob Dylan made you feel that being alive was about seeing your own life as a chance to learn and that whatever emotion you might feel was temporary. Yeah. And I'm wondering if that impacted your approach to writing your own music? Well, it totally impacted my life. Because prior to Bob Dylan, the biggest kind of entertainment influence on my thinking came from watching old Fred Astaire and Ginger roger movies on TV or pretty much any films then, but I really loved Fred Astaire and Ginger Rogers. What would happen, you know, within the storyline was two people fall in love, and then there's some sort of misunderstanding, and their relationship flounders and, in fact, is in the danger zone of ending completely, but then something happens.
"lynn" Discussed on Design Matters with Debbie Millman
"Springsteen, sting, Bob Marley, and Miles Davis at work and recording studios, glamming it up in concerts, out and about New York City, and lying around at home. Lynn goldsmith is also a recording artist, so she knows that world intimately over her long and legendary career as a photographer. She has created a vast archive of images of which this book is only a shimmering sliver. Lynn goldsmith, welcome to design matters. Thank you. I'm really honored and humbled to be asked since you have done so many podcasts on people that I admire. Well, thank you. Lynn, I want to ask you, is it true that you were a semifinalist in the 1964 miss teen America competition? Yeah, I have an actual piece of paper like a diploma. Yeah, I was the runner up. If only the winner had died or something, you know, then I would have been miss teenage America. That's often the way I feel about being prom queen in my high school. I lost by one vote and my found out later that my date actually voted for the woman that won for the young woman that won. I'm still bitter over it, obviously. Oh, it's not being better. You know, we all have a path that's meant to lead us somewhere. You were born in Detroit, Michigan, between 7 mile and west outer drive in what you've described as an ordinary middle class neighborhood and understand growing up your nickname was butterball. Yes, because I would sneak into the refrigerator whenever possible and take an entire pound of butter and try to eat it as fast as possible so that it wouldn't get taken away from me. And I did that probably for a number of years. Yeah, so my family called me butterball. And what was it about butter that you liked so much? I have no idea. You know, it's the same thing now. Why did I like peanut butter and jelly with a cold glass of milk so much that I ate it every day of my life for probably 13 years. I have no idea. Wow. Well, I know your parents divorced when you were four years old. After your dad left, you lost your appetite and became so skinny kids called you Lin, the pen. And this was also a time when divorce was in talked about very much and I read that you sometimes felt ashamed about your parents divorce. My parents also divorced in 1969 when I was 8 years old and I felt the same way. How did you manage through that time? Well, feelings are in a simple as just being ashamed, which at moments I was going sometimes to girlfriends homes or having to explain something in school that my mother was at work. And on the other side of the coin, I felt incredible blessed because the household was my sister and my mother, myself, and then for a period of time, a woman who lived with us to take care of us and be there because my mother oftentimes had to work late or we needed to have a live in person help out. But I felt that it was a really fun household of women and oftentimes when I went to other kids homes. Their parents argued or brothers and sisters argued. So I was really happy that I had this environment which was different from anybody else's that I knew and in some ways I felt as blessed as I did sometimes feeling shame. When you were 7 years old, you first heard songs like Fats Domino's all by myself and little Richards 2D fruity. How did that affect you at the time when you first heard those tunes? Oh, well, music has always had a very powerful connectivity for me to the concept of love when I was four years old because they were getting a divorce and it was summertime they sent me to overnight camp with my sister who was 8 years old. I was the youngest and smallest kid in camp. And I really missed my mother and the counselor because I would cry at night whimpering my bed and probably in part she didn't want me to wake up the other campers in our cabin. She would take me out on a swing, sing to me until I would stop crying and fall asleep. So the connection of reusing to feeling and inner peace and a sense of belonging somewhere has always been quite powerful. Your mom brought you your first record case to keep the 45s that you were collecting together. And I know when she gave it to you, there was a record inside it already, what record wasn't? Elvis Presley's, I think it was loved me tender. Yeah, you've read about how she would hum that song and you knew that you each understood the other in a special way. And it was one of my favorite lines that I read in your work about how much music impacted you and what it did to you. Well, to share something with a person who has the role of being a parent and yet you feel like they needed that song and those words as much as you do creates a connection, at least it did for me. Which is somewhat beyond just the natural mother daughter connection. It was a connection of that there's pain in life and that what we really all want to get rid of that sense of isolation is love. I've always felt that my mother's joy that I could see her experience from music, dancing around the house to Xavier crew got there was music in our in our house to make us all feel a stronger bond of family. And love.
"lynn" Discussed on The Best Advice Show
"Before we get to today's advice. I want to tell you about a different podcast. Have you ever wondered what the pandemic has been like for healthcare workers. Then take a listen to our friends at the nocturna sts a medical storytelling podcast. That collects deeply personal missives from healthcare workers across north america. they've just launched the second installment of stories from a pandemic which delves into the inner lives of the medical professionals fighting cove in nineteen. While we're all eager to move on from the pandemic this series lays the groundwork for processing what depend democ has revealed about our healthcare system and ourselves. Check out the nocturnal at the nocturnal dot com. Or wherever you listen to the best advice show. It's the best advice show. I'm zach today. We're going to get meta and talk about advice about how to properly principally give advice. Tell me work through this. I'm excited to welcome lynn harris. She is co host of a bento brief a jewish advice. Podcast from the forward an important starting place for giving advice is actually not to start out getting. What's what's the right move but actually to start out thinking. What is this person actually asking. Are they asking. What's my moon. Are they asking for permission to do something or not. Do something just want to be heard or seen or felt or even an audience so outside of your advice show in in real life when you're talking to friends or family who are coming to you in the context of seeking some kind of council are you. You're saying like what's the specific way. In which i might be able to help you here. You can't always tell if the situation if you're talking to that person you can say. How can i help. What would be useful to hear. Do you want me to to solve this or you may just sit here quietly back to you like you can literally just ask them you. You don't always for option other important thing to remember as an advice. Giver lynn says is when someone is seeking counsel. It's okay to admit you don't have a good answer like you really might not know what a prison should do. You might need time to think about it. Even then you might not know it might be a walker it might be a doozy like you really might not invasion do. And i think that's the other piece of advice is asking what someone else wants and then bringing humility to yes. They're asking for advice and opinion guidance but top to bring the compassion and also humility. And when you really don't know you really not now then ask how else you can be. Helpful and lastly. When you're giving advice remember you don't have to relate what you're saying back to your own lived experience when someone asks you for advice if you can like keep pinching pinching your the inside of your hand or kicking yourself or whatever saying it's about it's about it's them it doesn't matter with me and my accent is not relevant unless he was that you know than it helps you. Just take that feet to keep the focus on that whatever. Just let them talk so even then. I think it's important to ask a lot of questions for you. Got a lot of answers your some more of lens. Humble and wise check out a mental brief. Podcast it's a continuation of a column. The forward started in nineteen. Oh six this is the best advice show. If you have some advice for me. I really wanna hear it..
"lynn" Discussed on A New Direction
"Dot com and. We're back here on a new direction. We're with lynn garin. Who i'm so happy to have back. He's such a voice of peace. Gotta be he makes it easy. The book is coaching way up. And he's being tastic. So let's let's dig. Let's go up a level on this pyramid lynn. It's called self. Coaching and we have thinks that the example teach lead mentor..
"lynn" Discussed on A New Direction
"One unwelcome direction. My name is jay is and oh man. Am i so excited. Because he said he would come back one more time. his name is lynn. Garin co author of the book coach. Way up. I love this book. Five lessons for leading the john wooden way. And you know. Here's what's so cool. Lynn decided to do something really neat. Because we were talking last time he was on about you and your growth. And we're going gonna talk about that because we can't get there to where we're going to talk about today. But you know what he sent me. The organizational excellence pyramid the john wooden way. And we're going to talk about leading your business leading your organization all right the john wooden way. That's what we're going to focus on. And here's the beautiful thing about. John wounds legacy our first of all he was a champion right understand that he was he was not just a winner. He was a champion. Maverick was a national champion. Ten times over right and he was not only a national champion but his teams went undefeated and he every player that you ever talk to cannot express enough love and admiration for the man. He did something in a way that very few can and now lynn garin is going to share with us today. Some of the insights of his twenty years maybe twenty plus years that he spent with john wooden right up until the very day of his death and it is powerful. It is i opening. I suggest that you get a paper and some notes or record the shell or you know what it's going to be a podcast anyway. So why not. Just listen to the show over and over and over again take just take notes. Please take notes because what. Lynn is going to say to us today. I promise you is going to help you. It's going to help. Your business is going to help your team your players. I promise it will but before we get to lend. Let's do it. We do every week. Right and that is i. Walk through the four areas of your life people. We are physical mental emotional spiritual people and we need to be working on our for areas every single day right because if we're not the truth of the matter is if you're not really growing you're dying because nothing ever stays the same..
"lynn" Discussed on Pickleball Therapy | In2Pickle
"What what are your thoughts on one of the things that that happens a lot in in our experience and particularly like we're talking about now when you have somebody come into the sport who maybe doesn't have a sporting background or you know hasn't dealt with these kind of things before and maybe they feel a little uncomfortable on the court or maybe the maybe the lack of confidence sometimes being out on the court. Is there something that that you can think of are. Not think of something you can share. That would help somebody like that when they're out on the court not feel so maybe insecure or lack of confidence when they're out there. Yeah you know that's actually a great question and you know even as a experience players you know definitely can can lack some confidence. I know we were talking earlier as i have moved up and skill levels. It's kinda like you know having having those those doubts and you know it's like you know. Do i belong on this court. Do i belong plane with these people. But i think the main thing to do is a when you're out there. Make sure you enjoy yourself. I mean first and foremost we. You know were pretty much. Probably everybody's listening to this as an amateur. We don't get paid so no the reasons why you're out there and to have some physical activity have some socialization and just enjoy yourself. And i think if you can start from that perspective it really helps. Because i i kind of questioned this myself yesterday and i'm like you know i'm feeling so so insecure because if i'm playing well i can play with these people but if i'm not playing while i i can't and i'm like well that's silly lynn. You know just go out there and have a good time. So i myself you know. Got out on the court today. And i definitely put those thoughts out of my mind and actually let me say this i. I had to go to warm up. Because i i think the day before i had not warmed up well so the first thing that i did was let's have a good warm up and then once you're really ready to play that first game then you really do have to block those thoughts out so it in psychology. It's.
"lynn" Discussed on Encyclopedia Womannica
"Hello from wonder media network. I'm jenny kaplan and this is encyclopedia will manteca today. We're celebrating the accomplishments of a computer science pioneer and transgender activist. This woman's contributions to society and science. Tell a story of resilience. Let's talk about lynn conway. Lynn conway was born on january. Second nineteen thirty eight in mount vernon new york initially assigned male at birth. She experienced a disconnect between her gender identity and assigned sex from a young age. Lynn new she identified as girl due to the limited knowledge around gender fauria in the nineteen forties and fifties. Lynn was raised as a boy. Lynn was a shy and reserved high school student. She excelled academically specifically in math and science. Her grades earned her spot at mit at the age of seventeen at mit. Lynn studied physics for two years before dropping out as a result of psychological distress with her gender identity. A few years later in nineteen sixty one linen rolled at columbia university. She earned her bachelor's and master's degrees in electrical engineering during this time. Lynn married a woman and the couple had two daughters together. Violet columbia limbs work caught the attention of professor who is a senior leader at ibm. He offered her a job on the ibm research team. That was covertly developing the world's fastest supercomputer. Lynn had secured her dream job. Then in nineteen sixty seven. Lind learned doctor named harry. Benjamin the leading researcher on transgender people and sex reassignment surgery after counseling and hormone treatments lynn decided to undergo gender reassignment surgery. To ease your transition at work lin planned for ibm to change her name on company records and transfer her to a different lab. No one would have to know but ibm corporate disagreed. They feared employees would be upset. If limb secret got out some instead of honoring their promise of finding her a new department. Ibm quietly fired her. On top of losing her job wins wife left her and banned her from having any contact with their daughters. Fourteen years would pass before. Lynn saw her children again despite being ostracized by her company and family. Lynn moved forward with the surgery and completed her transition in nineteen sixty eight. She changed her name to lynn conway and began her new life in what she called stealth mode while finally able to live as her authentic self. Lynn still feared being outed as a transgender woman. In nineteen seventy-three lind joined xerox palo alto research center better known as park or she quickly made a name for herself. Leading large scale projects. Five years later in nineteen seventy eight. Lynn returned to mit as a visiting associate professor of electrical engineering and computer science alongside. Professor carver mead. She co authored an engineering textbook. The book was adopted by over one hundred universities worldwide. There's an entire generation of engineering students that refer to the text as mead conway lynn and mead revolutionized microelectronics in computing back at park. Lynn took it a step further and created an e commerce infrastructure. That facilitated the high-speed development of thousands of new chip designs in one thousand nine hundred eighty three. Lynn left park to work as the assistant director for the defense department's advanced research projects agency. Lynn closed out her career at the university of michigan as a professor of electrical engineering and computer science there. She met her husband. Charles rogers fellow engineer the two were married in two thousand and two and live together on a twenty four acre property outside of in arbor. Lynn retired as professor emeritus. In nineteen ninety eight stories of lens innovations at ibm began to circulate around the time of her retirement in the year. Two thousand with the fear of exposure and her painful past at ibm looming lynn created a transgender advocacy website and publicly came out. Her goal was to de stigmatize gender identity and gender transition. Her site became a safe space for other transgender people. This newfound activism bolstered. Her confidence and lynn continued to use her platform to speak on. How women and minorities are often written. Out of scientific and technical advancements lynn also successfully lobbied for transgender inclusion in the code of ethics for the institute of electronic and electrical engineers on october fourteenth twenty twenty ibm held a virtual event to celebrate limbs career as a tech trailblazer and transgender pioneer. Much to the surprise of lynn and ibm employees. The company used this occasion to apologize for firing lyn during her transition. Fifty two years later. Lynn got the apology she deserved. Lynn currently spends her days on her family's homestead in michigan her profound advancement in computer science and electrical engineering and her influence over. The inclusivity of those spaces have truly changed those fields all month celebrating pride for more.
"lynn" Discussed on Le Batard and Friends - South Beach Sessions
"Vietnam war is that the most fulfilling project that you have done because of the terror- and because of that or would you regard something else as the most fulfilling just something that when you're done with it you were like man that was just really rewarding work and i'm a little extra proud of it for whatever your reasons. Yeah the vietnam. War was a profound experience and i think getting to know so many vietnamese people who lived through an american veterans and keep who protested the war in knowing that it was such a traumatic experience for so many people in so many different ways figure out ways for them to share that story with us and to kind of absorb it was often very painful and completely devastating but also it felt like this really matters. People need to hear this story and people are going to be grateful for the way we've told hopefully and we were grateful to be present when the people that we got to talk to. You told us their stories. And i liked to hope that it helped them to so i interviewed a woman jeanmarie crocker. Who's a gold star. Mother of the vietnam war her son moby had died in the mid sixties when the war was still kind of the beginning of the big escalations. And you know forty years later. She was still remembering the day. She got the news that he died like it was yesterday and asked her to tell. That story was well just hard. And i worried afterwards that you know. Maybe that wasn't the right thing to do to ask someone to relive a trauma like that up but after the film came out and speaking with her. She said it really helped her. Just tell the story and she found that help other people who'd been through that and she heard from people who also had lost children in vietnam and other wars and that somehow her generosity of going through that pain again. It helped her to heal. So that's not always true. And i don't wanna be overly simplistic about it. But i hope that sometimes you though we're asking people to share extremely painful experiences. It is for the greater good. Was there anything in. Hemingway not hard like that but that was a moral challenge or something. Yeah should we be doing this. Is this the right thing. Like how many of those crossroads when you're when you're exposing so much of a man's life and this is a public man but and he's gone and and you're you're trying to be fair at every turn but did you find yourself in any moral crossroads there not to the same degree i would say because hemingway's gone like you said. And he made his own bed so to speak. I was very acutely aware. And i know cannon seren jeff were shoe of just how the film land for. Let's say his family. I mean he's a real person. His son patrick is still alive. I interviewed him. I know him pretty well..
"lynn" Discussed on Le Batard and Friends - South Beach Sessions
"Hello and welcome to south beach sessions. You know we are growing around here at meadow lark media. We are adding a lot of voices and people and talents and expertise is that are someone and people that. I think that you're are going to really grow to admire and love their work. If you don't already and lynn novick has been someone who has been making great documentaries with. Ken burns for a long time. The latest is hemingway. It is exhaustive. It is profound. It is humanizing his complicated and i want to talk to her about that because it like much of what she makes is artful on subject matter where the degree of difficulty. I don't believe people understand how hard it is to go through archives and keep that visually stimulating when you're going through such dense and complicated subject matters so anyways i'm thrilled to have lynn. Novick doing advisory stuff and consulting stuff for metal arc. Median thrilled to have her on with us now to talk about her latest work which is as i said as all of them seem to be len and thank you for joining us exhaustive. Did you enjoy this process. Are you someone who enjoys the meticulous thoroughness of having to go through every piece of dust and particle in. Someone's past and bring it to life. Thank you for having me. And i'm really excited to be working with all of you and you know just to say that i don't think enjoys probably the right word. It's totally absorbing and captivating and just lose yourself in a story in the material and that's a wonderful feeling i. I think it's almost ken to what i've heard described as flow. Where you sort of lose track.
"lynn" Discussed on 1 MORE STRONG-CAST with GODZOLA
"Five pound plates in after lifted you show the plates right You know the other thing too. Lynn wants the strongest people available to be at the competition. So he doesn't like he said he doesn't want to have to disqualify you over something so silly so just be careful with your videos ever not hard like i said. I me just to give you some tips on what i've done over the years Don't do it by yourself. You get two or three people. Because lynn mentioned to you. Know the the blair witch videos and the people out of breath and you just did a max everything. You shouldn't be the one trying to talk afterwards. Counting place right. Yeah get somebody who is you know. Maybe not your mom or something like that like she might not be the best person to do your videoing but somebody who knows a little bit about it and can help you and knows where show for the camera. You don't want a picture of their foot or something the whole time when they're just talking about the way you know you wanna make sure you can get a good video because you don't want to have to do that again though. No xp for experience the first year we qualified limited mentioned. It was max Thirty seconds you picked away and you get total tonnage so you gotta go through your dead and then you show the way and april was recorded for me and i did. I can't remember it was three hundred. Some pods four hundred dollars. But i don't know if i did sixteen seventeen. Eighteen fourteen option. Thirty seconds and i was exhausted. I drop to the grind and abra. Quit and i'm like i can assure the weight and she's like oh so we had to do it again and i got one less. Rub the next time but i'm out of breath. I'm trying to plays forty five. Forty five forty five. I can't breathe so that was a pain of the acid recorded in an paid for linda. Watch the the advice. I could give you. Two is on the log. Wait a lot i like. He may have a florist go. Have the log there while you're getting ready to do your lift. Have your buddies show the logs show the way. Have them set it up on the on.
"lynn" Discussed on Photography Radio
"Because it say re shoes event o negative from may being nineteen seventy or so before up is started shooting for by. And that's an interesting print. Because when i eventually went up to meet with. And so the several other era masters talker for dad's one of the two prints that they really life so health special meaning to me. I'm looking at the print right now. It is unfortunate friend for those who listening it for lack of a better description right now. It is a rock formation in the foreground some darker rocks back. It almost looks like the knuckles on a human hand. The way that the the rocks tumble over each other or rise and fall into the distance. Why do you think this image speaks to people. Is it the soft lines is it. The the shadow is that all of the above. I think it's the metaphor. Were actually most people that look owns a bunch of but sticking up. I'm us sudden hope spell as police could be that too. But i think it's it's the matter for the image end of saw light caressing the edges of the with shapes. I think that's one reason has been a successful image on considerate. My old this good image. Really well i. I love the image i. It's it strikes me as doing everything possible right. But i'm intrigued by you saying that. What attracts people to. It is the metaphor And so often photographers talked to me. And say what they're really photographing is an idea or a feeling or an emotion and it just happens to be rocks or or whatever that right Conveys that you mentioned that you were dealing with four by five and you have been for the majority of your career and a career. I should tell everyone. I mean you've been all over the place. You're in the world's top photographers book. You've been galleries all over of the us in europe. There are calendars there. It's but you have dealt almost exclusively with medium and large format cameras until recently if you were given a minolta at the very beginning. Why didn't you stick with that format. And how did you. How did you go about eating format to subject..
"lynn" Discussed on A New Direction
"Basically showing off showing people how good they rebel or other things. You know standing place dribbling the ball of between your legs and baking your invading their. That's all busy work. The object is to get towards that goal and get the ball in the basket. You know there's a lot of activity but not much achievement. And that's why actually when he played view that fancies deputies. A you got a chance to sit on the bench for a while about how you were going to make your teammates old school. But i think there's a lot to that when you watch women's basketball today there's a lot better fundamental play and a lot less of the needless activities right do in the game today and playing up basically appear reforming the game athletic. Of course buying a better coach would say i would. I totally agree. It is fundamentally better. Listen let's do this folks. You know what you're listening. We're going to get back with lynn garin and here the book coach way up. But we're gonna do this i. You're listening to him here on a new direction. Hey folks real quickly you know. What epic physical therapy. My physical therapists. I use them. I love them. They're more than just a sponsor. I know them personnel. Heidi andrew i know so many of the physical therapists are there. They are trained in the most comprehensive cutting edge treatments that are available. They have the best equipment you know. They've got the anti gravity. Treadmills the normative compression. Sleeves the game ready. You know that. I talk about. They do blood flow restriction therapy. Dry needling cupping. All sorts of things but really what makes them great is because you know the people are so good and they really do care about you. They really do. And the reason why professional athletes come from all over the world to go to epoch physical therapy because they're not only knowledgeable but they're great people and that's what makes a difference..
"lynn" Discussed on Alison Rosen Is Your New Best Friend
"So are we have two minutes and there's too many questions so i think is what we should do. I've never done this before. I'm going to ask a question and you give a one word answer. Okay okay and i'm going to do it fast. Can she share some stories from her girls. Guitar club days with killed maria. Where are they still friends. You know share some stories on still. Okay oh my god that begs so many more questions. But i hear her juicy but that was a great time in my life. We we really were trying to play guitar together but we were also comics and so it was girls who can't play guitar in a club together and then it became an act and thank you for even knowing about that here and look here but you're not friends anymore. God how to move on. But i know there a one word around one word response to alison rosen's question of what happened girl. I wish i knew it's one of those. It's one of those. I hate those i hate i do too. I do. rapid-fire lisa. Larry wants to know cure. Oh sorry that question. Before was from high fidelity this is from lisa. Larry curious how she was cast in music videos and what it was like. Oh my god seriously. Your fans are off the hook. How does she know that. I was just thinking about that. Because i've been doing some writing about the past and he'll weezer and sheryl crow video that's so cool. It's amazing i. It was that ninety s zeitgeist. I think you know just replace retired. Jennifer took haji. Why is she thanked and fiona. Apple's liner notes. How do they know each other. I used to date her producer john. Ross john bryan right. Yes and i was. Also we were friends with paul thomas. Anderson am francis pa alzheimer's when he fiona dating so i was around them and on twitter. While these you haven't talked to her in a while Maybe check in. No you have the kind of friendship where you'll just pick off pick up where you left off. I'm sure when when when you have time. I don't know in. Sometimes it happens. You know eras eras pass and that's okay too. Yeah yes of her. It would be lovely. Lauren kelly this is the last one always loved her work but didn't know how to say her name. Christina p. was talking about her a lot around. When jason nash is married came out any fun stories with christina. Whoa love christina. Christina inspired me too big into stand up. Because i hadn't fully quit all these years i was acting and i would do like a storytelling show or set here and has show that she was on and i didn't know her and i was like i love her at. I love her comedy. She just looked and she's hilarious. And so sweet and fine and she just looked at me. She's like i go on the road every weekend house like that ever approached comedy like that. So then that's when. I started really digging in kind of becoming a road comic properly which i didn't when i first started but that was because christine i love her so nice maryland. It was so nice getting to know you have you on the show. Please come back. Tell everyone where they can find you plug anything you wanna plug etc checkup special. It's on video. But you can find me at maryland rice cub mary. Lynn two ns r. j. k. a. b. on all platforms. Wonderful if you like what you're hearing. Please leave us a nice comment. Five stars on apple podcasts. Or wherever you listen. Check out my other. Podcasts childish that i do.